## |Trustees|Susie Boyt| |---|---| ||Gillian Budd| ||Paul Cartwright (appointed 18 June 2025)| ||Irene Dorner| ||Kathryn Fleming| ||Nese Guner| ||Paul Kanareck| ||Marie-Michelle Kegne Sika| ||Simon Parry-Wingfield| ||Karen Paul| ||Susan Prevezer| ||Jess Woodward Jones| |Company registered|| |number|00707180| |Charity registered|| |number|218506| |Registered office|Eton Avenue| ||Swiss Cottage| ||London| ||NW3 3EU| |Company Secretary|Neil Morris| |Chief Executive Officer|Greg Ripley-Duggan (Producer & Chief Executive)| |Independent auditors|Nyman Libson Paul LLP| ||Chartered Accountants| ||124 Finchley Road| ||London| ||NW3 5J8| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Restricted|Designated|Total|Total| |---|---|---|---|---|---|---| |||funds|funds|funds|funds|funds| |||2025|2025|2025|2025|2024| ||Note|£|£|£||| |Income from:||||||| |Donations and||||||| |legacies
Charitable activities
Investments
Other income|(DOW-500|1,165,759
3,507,409
25,724
1,071,237|244,788||1,410,547
3,507,409
25,724
1,071,237|2,144,112
3,051,559
13,362
902,359| |Total income||5,770,129|244,788||6,014,917|6,111,392| |Expenditure on:||||||| |Charitable activities|7|5,809,021|264,083||6,073,104|5,514,411| |Total expenditure||5,809,021|264,083||6,073,104|5,514,411| |Net movement in||||||| |funds||(38,892)|(19,295)||(58,187)|596,981| |Reconciliation of||||||| |funds:||||||| |Total funds brought||||||| |forward||1,489,525|219,447|730,093|2,439,065|1,842,084| |Net movement in||||||| |funds||(38,892)|(19,295)||(58,187)|596,981| |Total funds carried||||||| |forward||1,450,633|200,152|730,093|2,380,878|2,439,065| ## ## ||||2025||2024| |---|---|---|---|---|---| ||Note||||| |Fixed assets|||||| |Tangible assets|13||115,232||131,586| ||||115,232||131,586| |Current assets|||||| |Stocks|15|11,244||10,413|| |Debtors|16|1,491,196||1,160,154|| |Cash at bank and in hand||2,074,134||2,300,341|| |||3,576,574||3,470,908|| |Creditors: amounts failing due within one|||||| |year|17|(1,310,928)||(1,163,429)|| |Net current assets|||2,265,646||2,307,479| |Total net assets|||2,380,878||2,439,065| |Charity funds|||||| |Designated funds|18||730,093||730,093| |Restricted funds|18||200,152||219,447| |Unrestricted funds|18||1,450,633||1,489,525| |Total funds|||2,380,878||2,439,065| # # ## ## ||||2025||2024| |---|---|---|---|---|---| ||Note||||| |Fixed assets|||||| |Tangible assets|13||115,232||131,586| |Investments|14||201||201| ||||115,433||131,787| |Current assets|||||| |Debtors|16|988,602||713,884|| |Cash at bank and in hand||2,017,591||2,184,518|| |||3,006,193||2,898,402|| |Creditors due within one year|17|(1,252,978)||(1,106,655)|| |Net current assets|||1,753,215||1,791,747| |Total net assets|||1,868,648||1,923,534| |Charity funds|||||| |Designated funds|18||730,093||730,093| |Restricted funds|18||200,152||219,447| |Unrestricted funds|18||938,403||973,994| |Total funds|||1,868,648||1,923,534| # ## ## ||2025|2024| |---|---|---| |Cash flows from operating activities||| |Net cash used in operating activities|(239,331)|59,485| |Cash flows from investing activities||| |Purchase oftangible fixed assets|(12,600)|(22,314)| |Net cash used in investing activities|(12,600)|(22,314)| |Cash flows from financing activities||| |Interest receivable|25,724|13,362| |Net cash provided by financing activities|25,724|13,362| |Change in cash and cash equivalents in the year|(226,207)|50,533| |Cash and cash equivalents at the beginning ofthe year|2,300,341|2,249,808| |Cash and cash equivalents at the end ofthe year|2,074,134|2,300,341| |The notes on pages 22 to 37 form part ofthese financial statements||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||Unrestricted|Restricted|Total|Total| |---|---|---|---|---| ||funds|funds|funds|funds| ||2025|2025|2025|2024| ||£|E|£|£| |Other grants and donations|1,165,759|244,788|1,410,547|1,697,008| |Grants from Public Funding Bodies|-|||447,104| ||1,165,759|244,788|1,410,547|2,144,112| |Total 2024|1,822,043|322,069|2,144,112|| ## ## ## ||Unrestricted|Total|Total| |---|---|---|---| ||funds|funds|funds| ||2025|2025|2024| ||£|£|£| |Box office income|2,868,314|2,868,314|2,122,230| |Other income|56,685|56,685|394,059| |Programmes|63,650|63,650|57,410| |Bar income|518,760|518,760|477,860| ||3,507,409|3,507,409|3,051,559| |Total 2024|3,051,559|3,051,559|| |investment income|||| ||Unrestricted|Total|Total| ||funds|funds|funds| ||2025|2025|2024| ||£||| |Bank interest|25,724|25,724|13,362| |Total 2024|13,362|13,362|| |Other incoming resources|||| ||Unrestricted|Total|Total| ||funds|funds|funds| ||2025|2025|2024| ||£||£| |Theatre tax relief receivable|1,071,237|1,071,237|902,359| |Total 2024|902,359|902,359|| ## ## ## ## ||Unrestricted|Restricted||As restated| |---|---|---|---|---| ||funds|funds|Total|Total| ||2025|2025|2025|2024| ||£|£|£|£| |Box office expenses|5,317,753|264,083|5,581,836|5,101,334| |Governance costs|38,000||38,000|31,265| |Bar expenditure|453,268||453,268|381,812| ||5,809,021|264,083|6,073,104|5,514,411| |Total 2024 as restated|4,692,922|821,489|5,514,411|| ## ||Activities|||As restated| |---|---|---|---|---| ||undenaken|Suppon|Total|Total| ||directly|costs|funds|funds| ||2025|2025|2025|2024| ||£|E|£|£| |Box office expenses|4,682,880|898,956|5,581,836|5,101,334| |Governance costs|38,000||38,000|31,265| |Bar expenditure|453,268||453,268|381,812| ||5,174,148|898,956|6,073,104|5,514,411| |Total 2024 as restated|4,570,831|943,580|5,514,411|| |Governance costs||||| ||2025|2024| |---|---|---| |Auditors' remuneration|29,500|27,000| |Legal & professional|4,750|4,750| ## ## ## ||Group|Group|Company|Company| |---|---|---|---|---| ||2025|2024|2025|2024| ||£|£|£|£| |Wages and salaries|1,306,253|1,266,493|1,085,983|1,088,249| |Social security costs|116,098|107,313|98,188|92,816| |Other pension costs|31,562|26,978|30,486|25,938| ||1,453,913|1,400,784|1,214,657|1,207,003| ||Group|Group| |---|---|---| ||2025|2024| ||No.|No.| |Theatre production|7|6| |Theatre operation|13|12| |Development & marketing|7|7| |Education and access|2|2| |Administration & finance|4|4| |Front of house|50|48| ||83|79| |||||||Group|Group| |---|---|---|---|---|---|---|---| |||||||2025|2024| |||||||No.|No.| |In|the|band|£80,001|-|£70,000|2|3| |In|the|band|£70,001|-|£80,000|1|| ## ## ## ## ## ## ## |||Computer|Stage and|| |---|---|---|---|---| ||Fixtures and|and office|lighting|| ||fittings|equipment|equipment|Total| ||£|£|‘5|| |Cost or valuation||||| |At 1 April 2024|343,161|173,101|470,950|987,212| |Additions|||12,600|12,600| |At 31 March 2025|343,161|173,101|483,550|999,812| |Depreciation||||| |At 1 April 2024|343,161|169,934|342,531|855,626| |Charge for the year||3,167|25,787|28,954| |At 31 March 2025|343,161|173,101|368,318|884,580| |Net book value||||| |At 31 March 2025|||115,232|115,232| |At 31 March 2024||3,167|128,419|131,586| ## |||||NOTES TO THE FINANCIAL STATEMENTS| |---|---|---|---|---| |||||FOR THE YEAR ENDED 31 MARCH 2025| |14.|Fixed|asset|investments|| ||Investments| |---|---| ||in subsidiary| ||companies| |company|£| |Cost or valuation|| |At 1 April 2024|201| |At 31 March 2025|201| |Net book value|| |At 31 March 2025|201| |At 31 March 2024|201| ## ## |The followin|g were s|ubsidiary und|ertakings ofthe compa|ny:|| |---|---|---|---|---|---| |Names|||Country|Principal activity|Holding| |Hampstead
Limited|Theatre|Enterprises|England|Barfacilities and
commercial lettings of|100%| |||||theatre|| |Hampstead|Theatre|Productions|England|Production of|100%| |Limited||||theatrical productions|| |Hampstead|Theatre|Ventures|England|Production of|100%| |Limited||||theatrical productions|| ||The financial|results|ofthe subsidiaries for the year|were:||| |---|---|---|---|---|---|---| ||Names|||Income|Expenditure|Net assets| |||||£|£|E| ||Hampstead
Hampstead
Hampstead|Theatre
Theatre
Theatre|Enterprises Limited
Productions Limited
Ventures Limited|518,760
2,500
3,289,362|(463,768)
(5,798)
(4,360,599)|(9,220)
(13,157)
100| |15.|Stocks|||||| |Group|Group| |---|---| |2025|2024| |11,244|10,413| ## ||Group|Group|Company|Company| |---|---|---|---|---| ||2025|2024|2025|2024| ||||£|£| |Due within one year||||| |Trade debtors|43,169|1,200|43,169|1,200| |Amounts owed by group undertakings|||579,103|456,581| |Other debtors|1,142,657|943,891|60,960|41,303| |Prepayments and accrued income|305,370|214,800|305,370|214,800| |Tax recoverable||263||| ||1,491,196|1,160,154|988,602|713,884| ## ## ||Group|Group|Company|Company| |---|---|---|---|---| ||2025|2024|2025|2024| ||£|£|£|£| |Trade creditors|311,178|181,727|291,085|155,344| |Amounts owed to group undertakings|||31,148|25,048| |Other taxation and social security|47,901|44,219|47,097|44,219| |Other creditors|487,126|578,790|431,328|533,456| |Accruais and deferred income|464,723|358,693|452,320|348,588| ||1,310,928|1,163,429|1,252,978|1,106,655| ## ## ## |Statement offunds - currentyear||||| |---|---|---|---|---| |||||Balance at| ||Balance at 1
April 2024
£|Income
£|Expenditure
£|31 March
2025
£| |Unrestricted funds||||| |General Funds — all funds|1,489,525|5,770,129|(5,809,021)|1,450,633| |Designated funds||||| |Hampstead Ahead Fund|730,093|-|—|730,093| |Restricted funds||||| |The Next Decade Fund|219,447|244,788|(264,083)|200,152| |Tota|ofnds|2,439,065|6,014,917|(6,073,104)|2,380,878| ## ## |Statement offunds - priorye|ar||||| |---|---|---|---|---|---| ||||||Balance at| ||Balance at|||Transfers|31 March| ||1 April 2023|Income|Expenditure|in/out|2024| ||E|E|£|£|£| |Unrestricted funds|||||| |General Funds — all funds|1,070,321|4,682,126|(4,692,922)|430,000|1,489,525| |Designated funds|||||| |Hampstead Ahead Fund|-|660,093||70,000|730,093| |Restricted funds|||||| |The Next Decade Fund|771,763|322,069|(374,385)|(500,000)|219,447| |Arts Council Transition Fund|-|447,104|(447,104)||| ||771,763|769,173|(821,489)|(500,000)|219,447| |Total of funds|1,842,084|6,111,392|(5,514,411)||2,439,065| |Analysis of net assets between fund|s - current year|||| |---|---|---|---|---| ||Unrestricted|Restricted|Designated|Total| ||funds|funds|funds|funds| ||2025|2025|2025|2025| ||£|£|E|E| |Tangible fixed assets|115,232|||115,232| |Current assets|2,646,329|200,152|730,093|3,576,574| |Creditors due within one year|(1,310,928)|||(1,310,928)| |Total|1,450,633|200,152|730,093|2,380,878| ## ## |Analysis of net assets between fund|s - prior year|||| |---|---|---|---|---| ||Unrestricted|Restricted|Endowment|Total| ||funds|funds|funds|funds| ||2024|2024|2024|2024| ||E|£|£|E| |Tangible fixed assets
Current assets
Creditors due within one year|131,586
2,521,368
(1,163,429)|219,447|730,093|131,586
3,470,908
(1,163,429)| |Total|1,489,525|219,447|730,093|2,439,065| |Reconciliation of net m|ovem|ent|in fun|ds t|o net|cash flow f|rom|operating|activities|| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||Group|Group| ||||||||||2025|2024| ||||||||||E|| |Net
income/expenditure
Activities)|for|the|year|(as|per|Statement|of|Financial|(58,187)|596,981| |Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Increase in stocks
Increase in debtors
Increase/(decrease) in creditors|||||||||28,953
(25,724)
(831)
(331,041)
147,499|26,294
(13,362)
(2,062)
(106,453)
(441,913)| |Net cash provided by/(used||in) operating|||activities||||(239,331)|59,485| |||Group|Group| |---|---|---|---| |||2025|2024| |||£|‘22| |Cash|in hand|2,074,134|2,300,341| |Total|cash and cash equivalents|2,074,134|2,300,341| ## ## ## ## |||||||At 1 April||At 31 March| |---|---|---|---|---|---|---|---|---| |||||||2024|Cash flows|2025| |||||||£|£|£| |Cash|at|bank|and|in|hand|2,300,341|(226,207)|2,074,134| |||||||2,300,341|(226,207)|2,074,134| ## ## |At 31
March 2025 the Group and the company had com
payments under non-cancellable operating leases as follows:|mitments to make future min|imum lease| |---|---|---| ||Group|Group| ||2025|2024| ||£|£| |Not later than 1 year|56,000|56,000| |Laterthan 1 year and not later than 5 years|102,667|158,667| ||158,667|214,667| ## ##