2024-07-31-accounts

REGISTEREO COMPANY NUMBER: (11480920 IEnKland and Wale$l REGISTERED CHARITY NUMBER: 225751 REPORTOFTHETRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 FOR UNICORN THEATRE LONDON LTD

UNICORN THEATRE LONOON LTD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 Pale ChalrpeTson'5 Report Report of the Trustees Ito13 Report of thè Independent Audltors 14to16 Statement ol FSnanc5al Attlvfjtle5 17 Balance Sheet 18 Cash Flow Statement 19 Notes to the Cash Flow St•tement 20 Notesto the Flnanclal Statements 21to32

UNICORN THEATRE LONDON LTD CHAIRPERSOP4'S REPORT FOR THEYEAR ENDED 31JULY 2024 On behalf of the Unicorn Theatre London Ltd Board of TrustÈes, l 4rn pleased to present the flnanclal statements for the year endln8 31 July 2024. The Unicorn's 2023 2024 season rDarkEd a significant chanEe for the Unitorn as we welcomed our brilliant nÈw Artistic Director. Rachel Bagshaw. SincelolnlnB the o¥ganisatlon, Rachel has been working with the team to develop the iJnicorn'5 new Strategic Plan. launihing in 2025. and ha5 overseen the transition of the Enga8ement department Into CrÈatlve Hub reflertinB how children and young people now 5UPPOrt and iThform the making of our artistic pro8ramrne. Alongside thls significant personnel change, we continued to manage the ongoini long-terrn impact of the Coronavirus pandemic (particularly on audience attendance 3nd booking patterns). in additlDn to scarcity cllundinL increases in Inflation, and the ¢ost-of- livln8 crisls. Alon8slde other arts or8anlsations, the Unlcorn ha5 dealt wlth multlple and ongolng challen8es thls year In the wake of these ongoing global events, and we ère 8ratefu1 to the wider team, our supporters. audlen£es and artists for their support and vital contribution to our theatre Company during this time. The season 51arted with a large-scale adaptatlon of Shakespeare's The Ternpe5tfcrth05e over 6 years, in collaboration wlth Regenvs Park Open Alr Theatre ènd an Early Years dante ple£e, 5kydlver frorn Dance Umbrella, presented wlth Team London 8rid8e. At Chr15tmas. Rèchel directed her flrsi show In the Clore 5tudlo, The Woll rhe Duck und The Mouse a rev5val of our 2018 Sell-out Chrlstmès production adapted from the Jon Kla55en and Mèc 8arnetl plcture book. Alongslde th15, we revlved our brllllant musical adaptatl¢n of Julian Clar¥'5 fèrnlly hit The Bold5, 8enerou51y supported by Charles Holloway OBE. lor rhosp 6 and up. In Sprln8 we presented the Dah Colley cornpany'5 The Very Oldmon bvith Enorm0ts5 Wlnq5 to audlence5 over 8 years at the Unicorn, a5 well as to chlldien In Newham. thank5 to 5UPPOrt from Newham Councll and the Unlverslty ol East London. Wlth Chlchester Festival TheatrE we revlved Ju5tln Audlbert'5 acclalmed productlon of Stlle5 & Drewe'5 The Three 8illy Goots Giuff along51de A.Llne Arts Readysteooly ilt Olf which Sèw chlldren make their Dwn rockets In this Outer space odventure- both for3 te 8year olds. Over Easter we k¥oduced two brand new musl¢al productions.. The Odymey lir's o reolly reolly reolly longjourneyl by Nlna Segal and dlrected byjenniler Tan8 In the Weston for those 7 plus, I Wish in the Clore, 3 one-man, cabaret insplred exploratlon of wishE5 by Rachel 8z8shaw, Le Gateau Chocolat and Selrlol Dèvle5for those4 and above. I Wlsh then transferred to the New VictoryTheatre, Newvork for a Iimlted, sold-out run In May 2024. The season concluded with three summer shows,. I re%Aval of our classlc Introductlon theatre Baby Show for those 6 to 18 months. and two new productlons In the We5ton', The Prlncess & The Pet7, a clrcus show for those 2 plus Created with Upswin8 and New Vlc Theltre, StokE and èn adaptatlon of the popular plcture book. The Llon Inslde wlth four other theatre partners for those aged 3- 8. Our dlBltal pro8rarnme, Unliorn Onllne, concelved In 2020, contlnueo to be a success aod In thls 5e3son we launched The Finger- è theatrical readlnB of Roald Dahl's tlasslc comlc rale of anKer and actlvlsm. The dl8ltal produciion was mode freely avèllable longslde s18nlllcant learnln8 resourtes, shared a¢ros$our channels and was dellvered reglonally sn partnershlp wlth rhe ATG creatlve learnlng team nation•1 nelwork. The Magic Flnqer has ￿nce become part of the Natlonal The•tre'5 Prlmary Collectlon, and remèlns avallable for free to state-lunded prlmary schools across the UK. Our Engagement departmenL whl¢h began In 5urnrner2021. ha5 expanded Itswork in Its thlrd yearJnd has been re-branded Creative ub. to reflect the nature of its vltal Impact across how we approach our work, and work wlth young peDple a5 creative5. ￿OngsIde IhE core 5rhoo15' partner5hlp programme. Creative Schools. we launched Creatlve Famllles, èn Early Years Strand of Creative Hub that develop5 networks hyper local to the theatre and supports the development of cur work lor those O- 5 years old. Autumn 2023 also saw theculminatiDn of the pilot Creative AssDtiate5 pfcKramrne alongside our prDductlon of The Tempest, which w35 developed at the Unlcorn In collaboratlon wlth ten young people across 5pringl5ummer 2023. FollDwln8 the 5uc£e$5 of this proce55, we have been working on Internatlonal di8ltal research project Belonglng, dEvelopln8 a cla55-based au8rnented reality garne acrps5 three countrles with the Unicern's Creatlve Associates informlng story developrnent across exchanges to Portugal, Cie¢hla london. Rachel's forthcomlnB season Increase5 Dur commitment to this way of working, continuin8 to put young people's treative voice at the hEart of all that we do, We a150 ran our first Early Years Artlst DevelopmEnt Programrne lin partnership with T3law3 Theatrel, ènd our first E4rly Years Syrnposium, exploring how the veryyoung experiencp culture, and i55ues such a5 the lack of diversity within the Early Years Sector and how to mèke work sustalnably to rninirnise our impact on the planet. Whlle we be8an the year antlclpatlnE a 5ignlflcant deficlt, income and eKpendlture were mana8ed exceptioThèlly well, achlevlng a stron8 finanei?I p051tion that we then have been able to utllise to support vital ca￿'tal maintenance works in 2024125. Thls Is a testament to the hi8h-quality work of the organi5ation's staff, and its Skill and ambitlon ITh pèrtnering wilh InspSr•tlonal artists, theatres and organisation5. On behalf of the Board. I wish to thank all the Unicorn's Staff and art15t5 for brinBin8 their talent and dedScatlon to obr magital theatre and for delivering a brilliant season. I strongly believE that the Unicorn's mi55ion and vision is more important than ever belore. Or Vanessa Ogden CBE Chair Date.. j71￿1* Page I

UNICOR14 ThEATRE LONDON LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 REFERENCE AND ADMINISTRATNE DETAILS Re8lstefed Company number 00480920 IEn8land ènd Wales) Reilstered Charlty numbtr 22S7SI REIIMerÈd offlce Uniccrn Theatre 147 Tooley Street London SEI 2HZ Trustees H Flnth A Hynes P TDrday+ V Ogden' Ichairl 8 Shelbarsl+ R Brooke-Toylor D Grlfflth5+ P Mehta P Sherrln8toTh J T$an8 5 Walton+ M Kapotwe. Re51£ned 06 September 23 Appolnted 23 May 24 Appolnted 23 May 24 Reslined 19 June 2024 Member5 of the Finan¢t & Rlsk Commlttee + Member5 01 the Development & Strate8y Commlttee The trustees are also dlrectors of Unlcorn Theatre London Ltd for the purp05e5 01 cornpany law. -Trustee Inductlon compr15es full financlal informatlon and company hlstory, meetln85 With the Chlef ExÈcutlves and Chalr. and rneetln8s wlth such other staff a5 are relevant to the Trustee's prcfesslonal speclallsm. New trustees are brlefed on thelr legal obllgatlons uThder charliy and company law. the company's mls$lon Ind values. and the worklng5 of the board of Manoiement and the declslon-making process. Key Manag•ment Rebekah Jones 8ailey Lock Helen Tovey Rachel Ba85haw lThterim Executive Dlrector- Appointed 02 September 2024 CTrExEcutlve DlrE¢tor- In post until 4 December 2024 Co-Executlve Director IflxEd-term lob sharel- In p05t untll 26September 2024 Artlstlc Dlrector- Appc+inteé 18 5epiember 2023 Audltors Aieis Audlt 5ervlces Chartered Accountants Statutory AuditOT 2nd Floor. Re815 House 45 Kln8 Wllllam Street London EC4R 9AN ankers Barclays Bènk pl£ 27 Soho square London WID4LQ Solkllors Blount Petre Kramer 29 Weymouth Street London WIN 4LQ Page 2

UNICORN THEATRE LONDON LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 Thetrusteeswho are also directors of the charltyforthe purposes of the Companie5 Act 2CQ6, present their report with the financial 5taternent5 01 the charity for the year ended 31 July 2024. The tru5tee5 have adopted the provi&ons of Accounting and Reporting by Charities.. Statement of Recommended PractlcÈ applitable to charities preparin8 their accounts in accordance wlth the Flnancial Reportin8 Standard applicable In the LIK and Republic of Ireland IFRS 1021 (effective I january 20151. OBJECTIVES A￿DA￿1VITIEs CDmpan￿S Purposes We are the lar8est children's theatre in the UK, specialisin8 In dEveloplnB new devlsed and written shows ènd adaptatlons of contemporary and cla551c books. offerlng excellent. sectoi-leadiThK theatre for chlldren and young people. We produce a thrlllln8 and surprlslng programme of theatre shows year-round for thlldren. wlth i focus on work relevant to Chlldren's Ilves today explorlng $torles, Ideas and theme5 that wlll enrlch ènd broaden thelr vlew of the world. Our Mlsilon. Vl$lon aThJ Viluei Vlslon Transform5n8 Young Llves Through Theatre MI1￿0n We create innovatlve and ovtstandinl theatre for chlldren up to 13 years. We support artlsts io make work wlth arnbltlon, Integrlty. ènd hope. We en£oura8e thlldren to question ond explore the world throu8h storles.. devel¢plng empathy* understandln8 and lrnaglna¢lgtb. We CDllabor&te wlth chlldren In school$ and CDmmunitles to Inform our practlce, and Insplre ¢hlldren to lulfll ihElr potentlal through ¢rea15ve projects with Inventlve theatre-makers. We extend our reach through online theatre experlences. national ènd International partnerships and subsld15ed tickets. We reco8nlse cllmate actlun 15 vStal to protectlTh8 £hlldren'5 lutures, and are ac¢lvely ieducln8 our envlronmental Impact on the plènet. We belleve In equallty, dfverslty and In£luslon,' we take actlon to advocare for and promote the rl8hts of chlldrEn. Valu•s Curlosltyi Respect and Courage Spe¢lfl¢ Obl•¢tlv•s & Publk Benefft The trustees were rnindlul of the Charity Commlsslon's guldance on publ[¢ beneflt when 5ettin8 the speclllc oblect5ves for the 2023- 26 bu51nes5 planning period, and In partlEular the acce551billty of thE theatre'5 pro8ramme for all. Thls is dÈ1ivered throu8h our carefully callbrated tlcket prlclnR structure, our free diuital theatre offers. our subsldlsed ticket s¢heme for 5rhoo15, our substantial and free Creatlve Hub attlvlties wlth youn8 people. famllles, schoDls and ctymmunlty 8roup5, and a heavlly subsidlsed school5, pro8rèmme, both of whlch enable us to welcome Into our theatre some of London's most dlsadvanta8ed young people experlencing theatre for the first time. Our buslness prlDrltle5 remaln.. To malntaln the Unlcorn's 3rtlstlc posltlon Dn the map of Important theatre 1Th5titutlons In the UK and beyond. to enh3nce the standing of theatre for young èudlences, changin8 the perceptlon of UK chlldren's theaire. and securlng our p051tlcn as the national theatre for youn8 audience5,' To stabilise the bu5ine55 model produclng Unicorn work at a mana8eable level, buildiTh8 earned Income and free reserves, tight￿ manaEinE expenditure. and SEllln8 tlcket5 at an average of 80% acr055 the progr3rnrne.' To ensure the futurE vièblllty. reputatilln and brand of the Unicorn, securin8 onBoin8 ACE NPO fundlnB and creatlng a 5tron8 rolling le8acy for thetheatre's fvture custodians. Volunteers Unicorn Theatre London Ltd h35 made no si8nlflcant use of volunteers over the year and has no plans for significant dependen¢e on volunteers in 2023-24. Pète 3

UNICORN THEATRE LONDON LTD REPORT OF THE TRU5fEES FOR THE YEAR ENDED 31JULY2024 ACHIEVEMENT AND PERFORMANCE "A IDvety Introduciion to Shakespeare." The Guardlan The Tempesr, 2023 * 'Captlvates rl8ht to the final bleat., The Guardian The Three 8illy Goots Grull. 2023 'Sparklln8.... wlll delight youn8Sters and parents alike. TheTele8raph The Bolds, 2023 'Joyou5.. The Odyssey. 2024 enga8ln8.. My ten year-old wa5 traTh5flxed' WhatsOnSta8e A 8prgeDilS, Bllttery, daiillng dÈli8ht of a mu51cal that reimailnes what theatre lor youn8 audlence5 can be Ilke, Everythlng Theatre I Wish, 2024 'Rernarkably Inventlve, The Tlme5, A Very Old Mon with Enormous Wlngs, 2024 'A Comlcal clownln8 adventure.. The Stage The Prln¢ess ond the Peo, 2024 ***'Thls show Is the klng'5 cat'5 whlsker$' The Stage The Lion Inslde, 1014 In the auturnn we opened the season wlth The Tempesr, a large-scale co-productlon wlth Re8ent's Park Open Alr Theatre that reimaglned the cla551c Shakespeare tèle for everyoThe aged 6 and gVEr, dlrected by Jennlfer Tan8. Alongslde thls, we WEre part of the Dance Umbrella Orbltal Londontour Df Skydlver, a conternporarydance piece for those 2 plus. Ourchristrnas main-huu5e produ¢tlon, enerously SUPPDrted by Charles Holloway 0gE. was a ievlval of our èdaption of Jullan Clarfs famlly favourlte The 8old5, lollowlng run Sadly curt•lled by Covld in 2021. In the Clore at Chrlstmas our new Artist1£ Dlrector, Rè¢hel Bayhaw. dlrected The Woll the Duckond The Mouse. adapted from Jon Kl8ssen and Mac Barnett's dèrkly comic plcture book about flndln8 frlends In unllkely pla£e5. In the sprln& we revlved oursma5h hlt EarlyYear5 musltal. Stlles & Drewe'5 The Th￿E 8illy Gouts Gwflfor the Weston, fo11owln8 It5 Sell out transfer to ChSchester Festlval Theatre 35 Its 2023 family Christmas productlcn. Thls ran alon8side A-Line Art5 Interartlve craft-based plece sn tht Clore, Reody5teody Llft Oljl all lor aBe5 3 8 VE8rs. For older chlldren. we presented Oan Colley'5 critlcally cclaimed adaptètlon of Gabriel Garcla Marquei's The Very Old Mun with Enormou5 Wlnqs as part of the Irlsh companls international tour. ThE show played for a week at the Unicorn. as well a5 a three week-run Ih Newham. playln8 to around 5,000 pupils as part ol Newham Coundl's scheme to offer a free theatre trlp to Year 5 and 6 pupils acr055 their borou8h. EèstÈrsawtwo brand new productions. In the Weston, The Ody55eyi adapted by NSn2 Segal and dlrected byjenniler Tan& reinvented the myth a5 soul Snsplred musical lor those Over 7 years, and told Irom the perspective of Ody55ev5' 50n, TElemachus. Alon85ide th15 In Ihe Clore, Rachel directed è one-person rnu5iral I W15h. a new cabaret-5tyle piece created by RachEI wlth legendary performer Le Gateau Chocolat and 5elrlol Davies about the collectlve power of wishes. self-discovery and Joy. I Wlsh also transferred to the New VSctory Theatre, New York In May 2024. (Iver the summer, we re-launched the ever-popular Bobyshow lorthose 6 to 18 rnonth5. alon85ide our lirst circus-based production The Prlncess & the for those 2+ In the Weston created by Theresa Heskins and Vicki Oela Amedume. A co-productlon with tontemporary circus ccmpany Upswing ènd the New Vic Theatre, stoke, the show transferred to Stoke after a sell-cut Unltorn run and 15 eniown8 a run at the New Vlctory Theatre, New York in Ortober 2024. To end the season we presented The Lion In51de. a lorious adaptatlon of the Rachel Bright andjim Field picture book for those 3+. Thi5 Sell out show was a co-production with the Rose Theatre, Mast Mayfiowers 5tudi05, Leicester Curve and Nlcoll Entertainrnent and lorrned part of a wider national and international tour presented by Nicoll. Page 4

UNICORN THEATRE LONDON ITD REPORT OF THE TrU5TEES FOR THE YEAR ENDED 31JULY2024 ACHIEVEMENT ANO PERFORMANCE- continued Over this period, in partnership with Talawa Theatre Company. we also invested in the development of contemporary Early Years work which celebrated artistic innovation and spoke to our culturally dlversÈ audlentès. This Intluded an artist development programme. an e¥aluation of artistic prartice in Earlyyears and Syrnposiurn, and thedevelopment of a new Earwyears co-production with Talawa Theatre Company (programmed in 20251. To launch thls activlty, In December 2023 we are brouEht together an inspiring 8roup of artlSts. traditionally under-rÈpresented in the EarlyYe4r5 sector, whu rnay have already developed their practice for older audln£es and who were Interested in explorinÈ new theatre for Early Years lage5 ¢>51 wlth us. This week-long artlst developmÈnt pro8rarnme was led by award wlnnln8 3rt1st ond Eaflv Year5. expert, Sarah Argent. Sarah was iolned by a range of expelts ond creatlve praclltloners, from child development experts to dramèturgs, throuqhout the week. Foll¢wini thls. In lune 204, we hosted an Industry-wlde Earfy Years Symposlum wlth se55lons from expert practitloners on ihe followlng subletts.. collaboratlng with children In maklng Early Years wor addressln8the under-representation of d15abled. Black and global rnilorityartlstsand storlesw5thln EèrlyYeèr5work understaThdlng Éèrly Years audlences- how young audlence5 experlence Ilve perforrnonce ¢on51derin8 the Cllrn4te Cr1515 wlthln Early Year5 work Oeleeates were also able to See our ¥round-breakln8 e?rfy-years clr¢us produ¢tlon of The Prlncess & The Pea ènd we created dele8ote5 pack for attendee5 followlng the event. Unlmrn Onl5n•-d1￿t￿l the¥tr¢', We contlnued our progr•mmE ollree di8ltal produrtlons over 2023124 and thls year launched ? new project- Roald Dahl'$ The Mv¢lc Finger, Dlrected by Milli 8hatla and deslgned by Shankho Chaudhurl. the prDducfiDn wa5 a glorioLJ5 and imaEinati¥elyfllmed theatrical reading of the classlc story for the over 6. The MoL71¢ Flnoer was our flrst to-productlon wlth the Roald Oèhl Story Company and has so far reached nearly 55,OC#J chlldrEn wvrldwlde. The Muglc Flnqerwill a150 be avallable to prlmary Schools nationally vla the Nètlonal Thèatre's Prlmèry Plarform and formed part ol the Amba553dor Theatre Groups creatlve learnlnB centrE'S èuiumm proBrarnme, reachin8 over 10,000 children via their local School hubs. We're hu8ely proud of the dl8it41 project, the PSHE-based resources that ccornpany it and the Incredlble reach It's achleved so far. CREATIVE HU8 AND 5UB51DV Overview.. Bulldlng on the success of the En8a8ement Programme CrEative Hub lounched in May 2024 brln81Th8 our pro8ramme of work wlth children rlBht into thE heort of the Creatlve pro¢ESS. Through this wurk we Invite children to become our collaborators ènd glve them thelr flr5t encDunter5 01 theatre as maker5. Creatlve Hub connects Unicorn artlsts and facllltator5 wlth chlldren a8ed o- 13 years and together they develop Unicorn production5. Influencln8 and shapln8 the work on Our Sta8es. We support schoolsthrough bespoke partnershlp pro8rarnme5 to delivercreatlve approaches to learnlngi workwlth famllles local to the Unicorn, and Invite children and young people into the research. development and dellvery of our shows wherever p055ible. We creote activities for our audlences and ensures that those livln8 closest tv the thEOtre have acce55 to Unicorn productions through our Loc31 Funded Tlckets scheme. Creative Schools.. Based on the succe55 01 our pilot schools partnershlp str)te8y, we havE recruited three new schoo15 all from our nei8hbourln8 borou8hs15outhwark, LambEth. Tower Harnlets) as part of our second cohort,. Snow5fields Primary Isouthwarkl. Oasls Johann Atademy (Lambethl ond Mulberry Canon 8arnett Primary (Tower Hamlets). These wholtrschool partnershlps f¢xus on the Impact drama can have on currlculum leamlng and chlldren's educational. soclal and emotional development, le3vln8 a legacy beyond the partnership itself. Our partner schoo15 are in areas which represent rhe social nd multicultural dNersity of our local borouEh5. all have high levels ol pupil premlum and are schools who want to develop their elivery Df arts and drarna. These Schools all commit to partnerin8 with us over 3 thrpe-year period. in their final y2ar embeddin8 bespoke 5chool-wide 5trate8y for drèmè co-desi8ned wlth teachers and thÈ Unl¢om's Creative Hub team. Page 5

UNICORN THEATRE LONDON LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 CREATIVE HUB AND SU8SIDY- contlnugd Hi8hli8hls frorn September 2023- July 2024 included.. Last year.. 197 chlldren from our new cohort of partner sthtsols collaborated w¢th Unicorn artist5 on creative developmeni projects. These projects formed part of rhe development proce55 for six Unicorn Theatre productions. includinx I Wish, Odd ond the Frost Glonts. 8eegu, and three a5 yet unannounced productions. 70 children ocross YÈar 6 from our Cohort 2 partner schoc15 PartlclpatEd in technical theatre workshops al the Unicorn. We delivered CPD workshop5 to 26 teacher5 acr055 Nursery. Key Sta8e l and Key Stage 2 for Cohort I partner schools, 95% of whom ore nowactively inte8ratln8 drama wlthln currlculum plannlngwhlch rne3n5we have rèathed Soochlldren throu8h teacher- led drama actlvltles thelr £la55rooms. We are pleased to report that Irmm of Cohort 2 teathers reported that collaborotinR on Unlccrn projects had a positive Impact in 5UPPOrtlna their puplls, need5 and 9Q% of Cohort I teathers reported confidence In malntslnin8 drama attlyities in the curriculum after the partnershSp ends. We provided 1125 fully lunded tlcket5 to our Cohort 2 of partner schools. 'The portnershlp between Uftkorn ond Loughborou9h Primury khool h¢$ been o tronslormotlve Journey* Pt7rtitultrrly Integrarin dr11￿0 Into the school's curriculurn, on dieo thot teochers initiolly locked conlldence ift. The projects have notonlyengoqed puplls but howe ry150 slgnificontly contributed to theirpersonol ond creotive development. The leqa(yolthi5 Portnershlp. os encop5uloted In the School 5trotegy for Dromu. hold5 prom15e Aor our continued cornmltment to un orrs-rl¢h ¢Ufflc¥lum" Senlor Leadershlp Teirn, Lou8hborough Prlmary School Creat￿e Assoclates.. Creat5ve AsSOClates are young people aged 8-13 who we recrult through partner 5choo15 or local comrnunity partnershlps. They Soln us for bespoke project5 ccllèboratlng with artlsts to develop Unltcrn Productlons. unitlng chSldren local to the theatie In thelr flrst e%pErlence as makers. We are extremely proud of the Impact thls Wofk h•$ h•d on ihe young people Involved, the artI5ts ihEV work wlth and ihe Unlcorn as a bulldlng. Creotlve As$Dciates projects over thls perlod In¢lude'. The Tempest Between February andjune 2023 we welcomed 12 ehlldren, aged between 8- 11 yearsold. to loln us a5 CreatlveAsso¢laie$ throu8h the production proces5 on The Tempest. a co-productlon betweeh the Unicorn Theatre and Regent's Park Open Air Theatre. The produtllon In autumn 2023 rn•rked the culmlnatlon of the project with children at(endlng the tech and prevlews ol the productian and sharing thtrlr feedback on thE project as a whDle at a unlque event for them and thelr grown-ups at the theatre. 8elon8ing Prole¢t Thls ha5 been the prlmary fo¢us of Creative A550clates In 23124. The Unlcorn Theatre is one of 11 parrner or8anlsarions In an International con50rt1um, worklngon a ploneerln8 au8rnented feèlily smartphone experience to support soclèl wellbein8 and a sense Df bplangln8. Funded over louryears by EU Horizon5 and UKRI, Au8rnented Social Play IASPI uses augmented reality and smart phone technolo8Yto create games that brinB peDple together. playin8 and working with each other via auBrnented reality. The Unicorn Theatre ha5 led co-deslgn ol the story for A5P-Belon& brln8ln8 together a group cf younK people ￿th the game's creètive leads. Followlne a SErles ol introductory 5e5$10tts In lotal secondary schools, we formed a group of 10 CreatlVE A550clates who have collaborated whth us weekly workshops from January-July 2024, explorln8 co-desl8n of the game story, 8arnification of puiiles, and wellbeing in relation to the mental health and Social e¥clu5ion focus of the project. This wcrk encompasse5 learnin8 about irnmer5ive sitsrytellln8. and multi-di5ciplinary practlie covErin8 game design, craftin8, theatre and plav. Addltlonally. to support the IntErnational developrnent ot the iame, rhe Unlcorn led on workshop desi¥n and delivery for three InternatSonal Cultural E%chanEe5 held In April (London. U.K.I, lune (Brno, Cze¢hlal, and Ocrober 2024 ITorresVedras. PortU8all. These Exchandes brought together young people from three partlclpatin8 countrie5 for unique tross-cultural participation and learninBI and all three moments that have both benefitted 8ame development and embedded soci31 cohesion and internbtlonal co-operation at the heart ol the prtslett. TotD Kerblammo In May 2024 we brought 12 children aged 9-13 togetherto explore thescriptforthis excitin8 and emotlonally challen8ing prcduction. Our CreativE Assoclates focus5ed on content guidance and audience care, and the work wa5 5UPPOrted by a Child Psychotherapist. The group were thou8htful and articulate, affirmin6 how positlvely youn8 audiences respond to this tVP2 Df WDrk. Page 6

UNICORN THEATRE LONtK)N LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 CREATIVE HUB AND SUBSIDY- continued Creatwe Famllie5 In 2023 we launched Cre3tive Families, collaboratlve prolects w5th ourvervvounÈest audience. Children. their 8rown-ups, artistsand facilitators come together to explore the creation of new thpatre experiences for 0-5's that inspires the youn8est ima8inations. Creative Familles prolerts take place outslde of formal education 5ettin¢5, Wlth a focu5 on health and wellbeing and are informed bv thild development practice. Projects focus on playand creative interaction between chlldren and their grownups and the opportunitv to extend ihls at home. We use'families, In i¢5 broadest sense, wlth an under5tandln8 that thls can look very dlfferent. Over this period, the Creative Families str3nd has been supporting the developrnent of a new baby show, Home Song through nurseries in Southwark and Croydon (where our £o-producer5 Talawa Theatre Company ère ba5edl. The Princess ond The Peu, and our fDrthcomln8 Easter 2026 produttlon5. "Ilt WQsJA verycreutive woyolploylng andlnteroctlng...Ltslng Props we t711¢ould hove 01 home. Lovelyfocilltjtors ortd lovety people to work wlth...mude my childleel very reloxed. It5 th¢ best thlnq wetre done In ooesl. Creatlve Famllie5 Parent Impact on Artlsts This year, 9 art15t5 have collaborated with children to inlorm elements of 8 productlons. We ae¢e%ed projects at a range ct stage5. frorn early conceptual development to early script developmEnt to just before reheHf5315 Start. All art15l5 a8reed that their creotlve process had been enriched by worklng wlth young people. All artlsts aireed that they could Identlfy the Impact of the work In developln8 thelr creatlve process or enh•ncln8 the Ilnèl produttlon. 'As I storr storybourdlng the show, the leqocy of thot time experlenclnk7 wilh thls qroup 012-5 ye0r olds sirs wlth me 05 0 5erle5 of Imooe5, und theleeliny they contolned.. o chlldeye to eye with the tLtrkey.' o clicle of shocked 5mullfoce5 when u preclou5 eqq bloke suddenly.. Evgry sinole child In the room slowly processlnq In the wuke ol o giont tortoise performed by Peywond Sodephion. on¢ reochlng our g honé ro touch her shell.., The sense of the wlldenterlnq, the humons belnq aport ollr. The Joyful moyhem L)Jthe r(rlnlorest bunoee cord 'vlnes' Introduredby Chorlene Low in theflr5t se551on. the imoolnotlve ploy ￿nI￿ked by olv¢no smull children Auns to be their wings.. Some ob5er¥ollon5feellike events thol could become o diomattsiglcolshtrpe, othersleel Ilke benchmorks to oimlor, or 5errfe 05 instructlve wornlngsfor whot to o¥ol&.' lo Tyabl5, 2024, Writer lor in-developrnent early vears show on Clim3t* Impart cn Chlldren We contlnue to See ? posltlve Impact on the chlldren WE cgllab¢r•te with, most notably thls year wlth Creatlve A55odates who have 8rown hugely In thelr crltlcal thinkin& tollaborètlve ènd comrnunication skills as they develop as young makErs. .1 hove ¢olne(1 o sense of tet7mwork und conlldeftce In myself... I hove felt very creotlve on thls project gnd proud oAmy role u5 0 CreutiveAsSOCiQte."Youn8 Per50n. a8ed 12 In schools. teachers observe Improved core skills in their students. a5 well as developlng thelr Indlvldual creatlvltv. On average, teachers reported that nearty all their puplls lover 90%) were able to devElop thelr Indlvldval crEativity and improve their confidence nearty all theSr puplls laround 90%15ncre35ed thelr collèburètlve and communication skills Almost all Children and teèchers takin8 part in s<heol R&D projects responded wirh posltlve outcomes.. 87% of children reported positlve mental wellbein8 durlng thÈ workshops 66% of children felt prDud during work5hDPS • 57% of children sèld by the end of the work5hop5 they felt Ilke an artist Yhroughout Year 2. M hos been o quler. reserved ¢hlld. In thtflrsr sesslon, ¢ouldnY soy hls nt7me In thE￿rSt clrcle time warm up gome ond now he enjoys the some gume, even confidently adding on octlon. His volume onLI his GblliIy rts project hls v¢lce when 5hLYring ideu5 has irnproved. He eveft reL¥d aloud to the rest o]hi5 toble. something he wouldn't hovelelt confldent ¢0 d? before. His enooqement ond confidence hos been positively impocred." Teacher, Partnership SchDOI. Page 7

UNICORN THEATRE LONDON LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY2024 CREATIVE HUB ANO SU851DY- ¢ontlnued We remain cornmitted to reachinR all children, regardless of clrcumsiance. Our new digital strateRy+ Wlth its Strong forus on freelv available, turriculum-linked creative content and resource5. enables u5 to reach many thousands more schools acro5$ the UK and beyond. Forour live shows. we activelyseek out communlty8roups and work eloselywlth schools with high percenta8es of free school mea15 EmplaySna ticket subsidy to support a vlslt where needed. This is funded by one-off donatlDns to our Pass It On campaign and our P355 It Ott.. And On supporter5 wha make reqular gifts te enable vi51t5 for children who wouldn't otherwise be able to V15it the Unlcorn. Th15 Include5 a generous lo-year pledge of support from the Assal Lennon Memorlal Fund for whlch we are very 8rateful. Alongslde offering tltket $ubsldy to our partner5, we re8ularly subsldlse non-fee-payln8 schoo15 and access schools who wouldn't otherwise be able to attend. Across this season we partly or fully subsldlsed 12,632 tlckels to schoo15 acr055 London. Thls was made PL>551ble thank5to the lon8-siandinB and generous supportol Sir Harvey ond Lady McGrath and the M£Grath Subsidi5ed T5cket 5¢heme. FUTURE PLAN5 In a tlme of DnBvlni challenge and uncertainty, thanksto cèreful and cautlou5 flnantial rnanoBernEnt and successlul Sncomtgeneratlon across departments, ai the end ol th15 flnanclal year WE havE manaied to keep to a planned level of deflclt, whlch Is In Ilne with our strèteilc investment of our reserves. A5 part ol thls siiate8ic investment. the 8oard wlll contlnue to use a proportion of reserves In 2024-25 to support Rochel'$ artlstlt ambltion5, Unlcorn staff. and to Improve deteriorating theatre equipment and facllltles, a5 well ès bulld much-needed capitèl-5pe£ifi¢ reservesthat will 5UPPOrtthe theatre, provlding re5111ence in the challenglng economlc cllmate and enablln8 US to 5ervlce the frequent. ad-hoc dem?nd5 of an a¥eln8 bulldln8. Produ¢tlons'. We rernaln pa5$1onately comrnltted to our mlssion. to engaging and supportln8 Ireelancer5, and tD contlnuln8 to make hlgh-qualitv chlldren'5 woik for all. Our focus wlll be on crtotlnl a balanced pro8ramme of new work and relmaglned cla551c and book tltles. and to attractin8 the be51 talent In the sectDr to work with us. We are looklng at way5 to support artlsts io develop skllls and expertlse In making wor lor ehlldren, wlth a focus on Early Year5 and non-tradltlonal play-based experience5, and new approache5 to parrn¢rln8 wlth and developln8 art15t5' skills In makln8 chlldren'5 theotre through co-creatlonal processes. In 2022123 we In¥¢sted in atsdlente resear¢h and In5I8ht con5ultJncy on e¥15tlttg and potentlal future audleThces, we're #ow part-wav through thi5 prDjeit and look forward to warklng wlth, and irnplerneniing the results so that we can be even more effectlVE In our ta¥getin&. At • tlme when audience behaviours have ¢hanged, it Is Important that we listen lo and learn from our 3udlence5. We contlnue to seek p•rtnersh5ps for all our work to increase the reach of Unlcorn productlons nationally and internationally. and to share the risk and resources Inherent In creating productlOn5 Wlth Ilke-mlnded, value drlven partners from whorn we tan learn and grow our practice. We look forward to developing innovative creatlve atcess strategles and placing access at the heart af all we do over the nemt few years. We are delighted that a number of recent Unicorn production5 wlll contlnue to enloy future life in Arnerlca and China in 2014125. We remain cammltted to IrnprovinB our buildln8 and the artist and audience experience of the Unicorn in parallel with our Ignger- term thlnkin8 around a potential capital project. Following the completion of the Capital Scope & Feasibility Study in 2023124 we are undertakin8 in 202412S a Capital Fundraising Fea51bllYty Study, èlong5ide some ur8ent malntenance spends on the MEP 5V5tems and auditorlum to ensure all gur Stakeholders have 3 comfortable experlence of our space5. Unicorn Online Is now embedded in our programme to enable us to reach children aCT055 the UK ènd beyond with a free. hiBh quality and creative offer. Our aim Is to partner with thpatre and other charitable and commercial 5e¢tor or8anisational in order to reach youn8 people in areas where there is le55 live theatre èvailable to them. and to produce well-kThown tltles wlth exceptlonal. highty regarded artists. We are exclted tD have another project In development for launch In 2025. Creative Hub.. Following the successful flrst three year5 of our strategy, we alm to continue to grow, refine and develop relationships between chlldren and Unicorn artists, to develop and enrich the v40rk on stage through first encounter5 with ideas, forms ènd 5torie5. and to offÈr youn8 people the opportunity to engage in unique creative pxperiences, as creativesthern5elves, through.. CrEative Schools Creative Familie5 CreivÈ Associates Page 8

UNICORN THEATRE LONDON LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY ZOZ4 FUTURE PLAN5- contlnued Future Plans.. Fundraising.. This year we grew the Development department ta a team Df four ond have invested in e¥temal consultancy to add tc our strate8lC plans to grow Individual Giving over the next three years, The Develcprnent ond strate￿ Committee continue to work closely vjith the Executive and Development tearn to wlden the Unicorn'5 network. In May 2024 we proudly launched Creative Chimpions, a new cohort ol excltlng patrons from a dlverse ranae of skllls and backgrounds united in their support of the organisation and our unique mission to transform youn8 Ilve5 throu8h theatre, Damesusle Sainsbury, took up her post as Honorary Presldent ol Creative Champ10Th5 and $ald..'Aso long-termfriendt7ndsupporter olthe Unlcorn l om dellohted to hove been mude the Honorory Pre5identoltheirCreotlve Chompions. It is excitinq to help ¢TSSemble 5urh on Inspiring group of tulented indivlduv15 who, I belleve, can ploy a vitol role In enobllng thls very speclol theotie to extend Its reoch ond impoct. As Rochel'5first 5euson as Artlstlc Director so cleoily demonsrrotes, the Unl¢orn Is driven by thellrrn belief thot LYII children should hove ocress to excellent, ombitious ort. As Creotlve Champions we shore thls hellef know thot rhetrtre ho5 the power to tronslorrn young lives. We oll lookforword tu being porfolthe UTricorn'5 brightluture. EqVAUTY, DIVERSITY AND INCLUSION The Unlcorn Is commltted to en5urlng that we are representatlve of our London audiencE5 thrO￿h a balanced pro8ramrne that Includes new work by wrlters and dlrectors from the Global Malorlty and plays that explore non-We5tern-centdc nèrratlves and engage representatlve Creatlve team5 and cast5. Our audience5. speclflcally acr055 5choo15 ènd community groups. are amon85t the most dlverse and dynam1¢ In the Country, We coThstantly push to remove barrlers to attendance from heavlly subsldlsed tlcket5, to 5chedullng around free travel tirne5- os we want a v4slt to the Unlcorn io feel p055lble for every ¢hlld. We 80 above and beyond to create a welcomlng experlence for all audlences.. from the moment of booklnB, through to thElr experience in our theatre. It 15 vltal chlldren see themselves rellected thr)u8h the stories we tell, the artlsts on our 5t68es and the staff they encounter on thelrlourney. We are £ommltted to bullding a workfor¢e ihat reflerls ihe city we live In and acknowled8e that we are stlll on thls lourney. We knew we have more to do to be truly representatlve. and conllnually seek to irnprove our practlce through tralnlng, monitoring and ev•luation. The internal IDEA workln8 group attend quarterly meetln85 wlth a current focu5 on antl-r•clsm, access and diver51ty as pari gf thls rnonltorln8 functlon. Thls year we engaged the brlllSant Spotllght Consultancy to SUPPOrt our wDrk oh EDI and aice$5 wlth u5. Th15 inltlally began wlth the leadershlp and Senior mana8ement team to explore what our pricrltles should be, and how we might start tD addres5 these prloritles nd make chanBe. We reco8ni5e that Senior staff and leadership hold the most power and Influence to Implement cultural ¢han8e afid look forward to Seeing what we can do together. Alon8slde work wlth 5enlar staff, we have undertaken 4 5efles of training se55ions wlth the Unlcorn team that support our ambltlons.. Inclusive Audiente Development InCI￿$1￿e Management Inclusive Recruitment Spotli8ht Consultancy also ran an Introductlon to EDI tralnin8 for staff who have not yet received anyform of EDI or antl-ra£15rntraSnln8 w￿h u5, Neurobox delivered Neurodiversity in the Workplace tr3inin8, and we contlnue to offer Disabllity Awarenèss tralnln8 on an annual basis. A150 thi5 year we joined the Ramps on the Moon Change proiromme, which focu5e5 on EreatinE cultural chanEe workin8 wbth a cohort of arts or8anlsatlon5 of dlfferent scales across the sector- encouraEing peer accountabllity, shared learning and best practice. wilh sessions focusing on Dlsability E•uallty, Antl-èbleism. the Social Model we are excited by the opportunltles of the group and the programme to embed anti-ablei5t chan8e. Thts year also 54w us Introduce an Access Rider for siaff and freelancers which has proved incredibly useful in how we support the team to make their best work. Howwe care forthe people whololn us Is hugelylmportant- we havÈ mental health first aid tTained staff and have a dedicated Employee A5515tancE Programme offerlng support and free counselllng to staff and frtelante teams. Our Respert at Work Policy fomis part of all of our contract5 ensuring all èrtists, audiEnce5, staff and 5takeholder5 feel welcorned, respected ènd valued 15 an or8anisational prioritv. Page 9

UNICORN THEATRE LONOON LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY Z024 EQUALITY, DIVERsifY AND INCLUSION- conilnued We're hu8ely proud of our Usher Plus scheme which ha5 been runnln8forrnanyYears.The scheme offersadults with learnin8dlsabllitles dditional support needed to work In Dur FOH usher role5. and we a￿ reKularly commended for the brilliance and tommltmeni of our usher team. We have recently recrulted new members to this scheme Ind are exclted to build on it5 success. We are è fully wheekhair accessible building and pro8ramrne Jcctss pÈrftsrmances across our season including 8SL Interpfeted. Captioned, Audio Descrlbed and Relaxed performance5. In 2023124 our prDductlDn of The Three 8illy Gooys Gruff had audio description vJllable for every performante and in 202412S we will pT￿raMffle our flr5t ¢reatl¥ely captioned Chrlstmas productlon. and are further developlng Dur Creative AEcess offer across gur pro8rèmme. ÈNVIAONMENTAL 5USTAINA8ILITY We recoin15e that tllmate •ctlon Is v(tal to protecting chlldren's fuiures and 1$ at the heirt ol our commltment to aetfvely reduclng our envlronmental Impact on the planet. Su5tèlnabilitV 15 èt the tore Lif everwhing we do., we tryto take respon5ibllityfor our ¢holces the work on our sta4e5, our pra£tlces ond processes. and our effect OTh the world. We always take care to make what we do ès 8reen as It cin be. Our 5nternal 'Green Team, meet5 four tlme5 I year for Ideas 8eneratlon. 5ki11-sharlnR and progress che¢k-Ins a8aSnst our annuè Envlronmenta1 Attlon Plans and policies. We have been worklng with our Su5tainabillty Consultant, lenfilfer Talllefer to develop new Pro£urement Pollcy and Procurement Tracker which wa5 rolled out to all staff as a pllot period In 2023124. We wlll be uslng the data Irorn the pilot perlod to Identifytargets for feducilon for all departments In 2024125 and wlll launch It a5 a free Industry resource vla our webslte In 2025. We hold • f5¥e-star ratlng frorn lullp's Blcycle la charity that 5UPPCrts the creatlve community to act on cllrnate chènie & SUStainabllltyl and are part of the Julle'5 Bicycle Capital Ready programme.. our Board En¥lrobmental Ch•mplon Is Plers Torday, We approach our envlronmental re5ponslbllltles wlth respect, rlgour and hope. 2023124 achlevements Include.. Cornrnls51oned an Eco-Audit from 3 Acorns Partlclpated In the Mayor'5 8uslness Climate Challenee Oh8oln8 Involvement in the Southwark Cllmate Collectlve Intludln8 Supply Chaln Re¢omrnendatlon Report IrKN renewable electrlclty tarllf Secured Reducin8 elE¢trlcltyl8è5 usage by 18.2% and 27% re5pe¢tlvelv 89% 01 in-housE productions met Ba51c Green Book standards for sU5talnable product10Th5, two in-house shows reached Intermediate Green Book srandard Impl¢meThtln8 a Procurement Pollcy and Purchase Tracker to trèck and reduce our emls55ons Installing solar film in reheor5al studlos to combat overheètln8 RernovlnB unnecessary bulbs frorn commun31118ht flxture5. reduclng ener8V USE In thD$e areas by 50% IncrEa55n# recytlln8 streams and redlstribution of materials Changin8 water $upplier, enablln8 better usa8e rnonitorind The Theatre GrÈEn Book WÈ are Incredibly proud to have been involved wlth thE Theètre Green Book from the outset, and tontlnue our commltment to implement the Greeh Book atross production5, operatlons and our bullding. We aim for all in-house productions to meet Baslc 5tattdard and aspire for40% to make Intermedlate. In 2025126 we aim to a¢hleve our flrst Advanced stsndard aThd now publish Green ook tèrgets across all production5 on our website. Carbon LiteracyTrainln8 All Df Dur core staff 4r2 fully Carbon Llterary trained, whith attording to research leads to a 5-15% reductlon in per5Dnal footprlnt as result. ènd helps us rnake a larBer tultural shift In the or8ani53tion, and in our Industry. Where possible, this oller is extended to casual and freelance team rnembers. PaEe 10

UNICORN TrIEATRE IONDON LTD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2024 FINANCIAL REWEW Reserves Pollcv In 2023124 the Cornpany recorded on over311 deficit result of £131,00112022123 ovèrall surplus result 01 £190,796) and at 31 Ju 2024 had a balance In Unrestr￿cle¢j fund5 of £6.880,79112012123 unrestricted fund5 £6,968.3571. Unrestricted funds includes the Fixed A55et Reserve of £5,103,130, which represents the cost of our bulldinB on Tooleystreet and is not a liquid asset. Liquid reserves lexcludin8 the Fixed Asset Reserve) are therefore El,777,661 a$ at 31 July 20241£1,702.4S7 In 20231. The Board asplres to maintain o £350.￿0 de51gnated fund to co¥er future contin8ÈntlÈs Intluding posslble ongoinK shortfalls in box offlce and fvndralslng targets In recognition of the hl8h Inflation economy and cost of Ilvlng crisis. Each year the Unicorn seeks to matth Income and expendlture, takln8 Into account the level of grants recelvable and required expendlture on capitèl maintenance nd renewol. The Board will continue to revlew It5 reserves policy, annual capital maintenance target and scale of rhe deslgnated fund5 as part of the theatre's ongoln8 rlsk assessmÈnt and In118ht of cantlnuously evolving circurnstan¢es. Fln•n¢l•l ¢ontroli f inanclol controls and processes are refreshed on an gnBoln8 bè$ls. The quarterly Flnance & Risk Cornmlttee Board meetin6 revlews cashflow, profit & 105$. 8nd fofecasting agalnst all budget Ilnes. Addltlonally, they re8ularly analyse a Risk Register, which aims to take a 360 deÉree look èt the theatre'5 Outputs. operatlons and competltors. Along51de thls, the trustees aim to establish pro¢edures pollcles to mltl8ate those rlsks. ?nd to mlnlml$e or manag? the impact on the Unicorn of those rlsk$ If they ar15e. Ca5hllow 15 manltored monthly by thE Flnanc? Dlreitor and Executlve Director. Department heads feed into the ¢•$hflow re8ularly. In partlcular wlth salos 2nd fundra151ng progres5 and production spend. The Finance department structure comprlses.. part-time Dlrector and part.tlme M4na8er and part-tlme A5515taTht. Capital replacement5 are beln8 prlorltlsed agalnst H&S and Access standards and compllance requlrements wlth some kev actlons scheduled for 2024125. Rlsk mifia8eMen¢ Key rlsks Identlfied thrDU8h the theatre'5 Rlsk Reglster, whlch Is revlewed regul•rly by the Flnance & Rlsk Commlttee. wlth headllnes reported to the full eoard, compr15e'. The unpredlctèblllry of tlcket Income, In particvlar the appetite of returnln8 audlences durlng i ¢ost-of-livin8 trisis. We have refreshed our re5er¥es P051tlon to reflect thi5 and are constantly seeklng io ensu¥e our programme is acce551ble. compelllng antl hlgh quallty, alongslde Incorne Beneratlon strategles and ancillary offers Isuch as our Tuck Shopl to support box offlce 5ale5. Staff retentlon and turnover- wlth ri5in8 C05t ol livin& and the added pressures of the sectof, we cvntlnue to addre55 work and the additional benefi'ts we can oller as an ernployer. FLbndin8 remalns increasin8ly competltlye and many Ion8-5tonding trust5 have recently closed. creatlng scar¢lty In thE Industry and the need to dlversSfy Incprne streèm5 acr055 the Sector. We are addressing thls by dlvEf51fylng applications a5 well as supportlngthedevelopmetttteamwlth a buslness wlde 1ncomegeneratlon8roupwho wlll look at pos51￿e way5 of diversifyin8 IncomE Streams. The a8e and wear and tear of the bulldln8 need to be addressed and the board has Jpproved 50rne spend of the ¢)pltal reserve in 2024125 to addre55 these conceTns, With the current linanclal posltlon of the Unlcorn. and a5 we are in a highly uncertain e¢onorny in which inllotion 15 high, the necessary tèpltal projECt 15 Still Some way ahead ol us- however the bulldlng requirÈs Investment to continue to deliver production and audlence Emperiences at the requisite level. This year we have taken sl8nlficant strides towards this. undertaking a Scope & Feasibility Study for a future Capital prolett. port cf which identifled rhe most ne(e55ary short term spends to support the bullding In the Immediate future acro55 MEP. Access requlrEments and auditorium 5eatin8. As 3 next step. in 2024125 we wlll comrn1551Dn a Capital Fundralslng Feasibllity Studv and e5tabli5h a Capital Sub-committee. Given that wecommission worksfrom a wide ranÈe of •rtist5 and have associations with a wide ran8e of third partie5 through fundraising or creatlve attivltiÈs, we are at risk of any negative publicity or media attÈntion relatin8 to these matters outside of our dlrert cpntrol. We rnitigate thi5 risk by undert3kin8 commensurate due dlli8ÈncÈ on the third partie5that we work with and carefully ron5ider our internal and external communlcations about any 155ue5 that are identified. The board rewews such matter5 on a proactive and well-informed basis. Page 11

UNICORN THEATRE LONDON LTD REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31JULY 2024 FINANCIAL REVIEW. tontlnued Theatre productions inherently involve health and safety rlsks Ifor example, workin8 at hei8ht and manual handlin81. A risk a55essmenr Is carried out at the start Df each production and reviewed regularly. A monthly health and sèfety meeting 15 held to reviewall cuirent risks. includin8311 shows, and to plan scenari05foraThyfuture possiblerisks. These polidesare revlewed and updated nnually and fcrm part of our on-boarding training for all those workint at The Unicorn, Fundr4lsl The Unicorn re¢elve5 Vltal lThvestment from the generous phllanthrotysts. funders and partners who Make up our communlty of supporter5. This year. we benefltted from 51gnlflcant 5UPPOrt from Arts Councll England, Oame Susle Sain5bury ènd Backstage Trust, Charle5 Holloway 08E, Clore D￿fIre1d Foundatlon. 5outhwark Councll throuBh thelr Culture To8ether Grant5 Fund and Mayer 8rown. Tru5t5 ènd Foundatlons continued to provlde much-needed 5UPPOrt lor all ospects of our work on and oll-stage, thi5 Included Krants From Gèrfleld Weston Foundatlon, Portal Trust. ChrSstln8 Smith Foundètlon. Dana and Albert R Broccoll Foundation, Molecule Theatre, 29th May 1961 Charitable Trust, Austin and Hope Pilkin&ten Trust, 8uffinl Chao Foundatlon. John Thaw Foundatlon. G8rrlck Chèrltable Trust. Royal Vl¢torla Hall Foundatlon, Saints and Slnners Trust. 8or15 Karloff Charltable Foundation and City 8rldie Found•tlon. Lon6-tErm supporter5 have remaithÈd commltted to our cause, e$pe¢lally Slr Haryey and Lady McGrath and Slr John and Lady Spurlln8. 81oomber8 Philanthropie$ and PWC Foundatlon hove 3150 been unwavedn8 In their support of ihe Unlcorn. Another hi8hll8ht thi5 year was takln8 part in the 2023 Big Glve Christm15 Challen8e. We campalined to ralse fun05 for our CrEatlve Familles Pro8r3mrne. and thanks to our Board ol Trustees leadln8 the way and Th• Chlldhood Trust belng our champlon lunder, we ralsed £50,149 Sn total- a lantastlc result for such an ambltlous campal8n. STRUCTVRE, GOVERNANCE AND MANAGÉMENT The char￿¥ Is controlled by Its 8overnlng document, a deed of trust, and £onstitUles a Ilmlted companyi Ilmlted by gu)rJntee. as deflned by the Comp•nl¢s Act 2006. Artlstlcolrector Rachel 8a8shaw and Co-Executlve Dirertors 8alley Lockand HelenTove¥areJointChief Executlvesof Unlcorn The•tre London Ltd whose ernployee5 alsD work sn Ihe best Inleresrs Df thÈ tompany. Helen and Balley will leave the grganlsation In 2024125 Ind an Interlm Executl¥e Dlrector, Rebekah Jones. Is In place, The Board moets four tlmes each yearp pr2ceded by the Flnance & Rlsk Commlltee which Is deputed to look ID dEtail at accounts. financial plannlng ond organlsational hazard5, and the Oevelopment & Strate8y Committee whlch 15 deputed to loDk In detail at the fundraI51nÉ and KOVErnance 5trate8le5 and 5UPPOrt advocacy and fundralslnE Octivltles. Reports of èll meetlng5 are ¢lrculated to the full Board and Arts Council and the Arts Councll meets with the Chalr and the Executive team on an annual ba51s. Trustees are elected by the current trustees ar on rhe basls of skills needed by the Unlcurn. and no Trustee recelves any remuneratlon. Page 12

UNICORN THEATRE LONDON LTD REPORT OF THE TRu￿EE5 FOR THE YEAR ENDÉD 31 JULY 2024 STATEMENT OF TRUSTEES RESIY)NSIBILITIES The Tru5tee5 (who are 0150 the directors of Unicorn London Theatre Ltd for the purposes of ¢omp3ny lawl ale respon51ble for preparing the financial statements in accordance with applicable law and Unlted Klngdom Accountln8 Standards (United Kin8dorn Generally Accepted kcountin8 Practicel. Company law requires the trustees to prepare financSal statements foreach financial year whith give a true and fairview of the state ol affairs of the charitable company and of the Incorning resources and application of resources, includinE the income and expÈndlture, Of the tharitablt company lor that period. In preparln8 those financial statements, the trustees are requlred to Select 5Ultable accountlTr8 policle5 and then apply them CDTrSlstentlv.' ob5er¥e the methods and principle5 In the Charity SORP.. rnake judgements and estimates that are re?sonablE and prudent.. prepare the flnanclal statements on the golng concern basis unless It Is Inapproprlate to presume that the charltable company wlll contlnue In business. The trustees are responslble lor keepi￿ tyoper accounting records whlch dlsclose wlth reasonable accuracy at anytlmethe flnonclal P051tion of the charltable company ènd to enablethem to ensure that theflnancial statements¢omply wlth the Comp3nle5 Act 2006. They are also responslble for safeguarding the assets of the charitoble company and hence lor taking reasonable steps for the preventlgn and detectlon of fraud Ind other Irregularltle$. In so far as the trustees are 8w•re'. there Is no relevant audlt Informatlon of whlch the charitable company's 8udltors are unawarè., and the tru5tee5 have taken all Steps that they ought to have taken to make themselve5 aware ol any relevant iudlt Information •nd to e5tabllsh that the audltors are aware of that Informatlon. AUDITO The auditors, Azet5 Audlt Servlces. wlll be proposed lor re-Ippo5ntment at the forthcomlni Annual General MeetlnÉ. Approved by order ol the Board of Trustees on 17th December 2024 and sl6ned on its behalf by.. L8gL Dr Vonessa Ogden C Trustee Page 13

REPORT OF THE INDEPENDENT AUDITOR5 TO THE MEMBERS OF UNICORN THEATRE LONDON ITD Oplnlon We have audited the financial 5tatemeniS of Unlcorn Theatre London Ltd Ithe'charitable tompany'l for the year ended 31 July 2024 which comprlse the Statement of Financial Activities. the Balance Sheet, the Cash FIDW Statement and notes to the financial statefflents. including si8nificant 3ccountin8 policies. The financial reporting framework that has been applied in their preparation 15 applicable law and United Kingdorn A¢¢ountlng standards, including Financial Reporting Standard 102 The Flnonclol Reportino Stondurdopplictsble in the UK ond Republicof Irelond (United Kingdom Generally Accepted Accountin8 Practlcel. In our op5nion the fln3n£lal statements.. Sive a true and fair view ol the State of the charitable companV5 affairs 35 at 31 July 2024, and of Its in¢omlng resources and ppIiEation of resources, including ￿t5 income expenditure. for the year then ended.. have been properly prepared in accordance with United Klngdom Generally Accepted Accountin8 Practlce. and have been prepared in accordance wlth the requirement5 of the Companles Act 2tsJ6. Ba*forrylnh)n We conducted our audlt in accordance wlth International Standards on Auditin8 IUKI 115As IUKII and applicable law. Our re5pon51bllltles under those standards are further descrlbed in the Auditor'5 respon51bllitle5 for the oudlt of the financial Statements section of our report. We are independent ol the charltoble company In accordance wlth the ethlcal requlrements that ère relevant to our audlt ol the flnancSal stotement5 In the LIK. Includlna the FRC'S Ethlcal Standard, and we have fulfllled our other ethical respon51billtie5 In accordance wlth these requlrement5. We belleve that the audlt evldence we have obtoined Is $uffltlent and approprlate to provlde i basls for our O￿nIOn. In audltin8 the financial statements, we have concluded thèt the trustees, use ol the ioln8 roncern basls of accountln8 In the preporatlon of the flnanclal statements15 approprlate. 8a5ed on the work we have performed, we have not Identlfled any materlal uncertaSnties relat5n6 to events or tondltlons that, Indlvldually or (cllectlvely, may tast slgnlflcant doubt on the charltable company's ablllty to contlnue ès a golni concem tor • prrlod of at least twelve months from when the financlal Statements are authorlspd for Issue. Our responslbllltles and the responslbllllle5 Of the trustees wlth respect tc iolnR concern are descrlbed In the relevant section5 of thls repuri, txherlnformitlon The Drher Informatlon cornpr15es the Inform•tlon Included Sn the trustee's annual report, other than the flnanclal 5taternent5 and Dur audltorfs report thereon. The trustees are responslble for the other Inlormation contalned wlthin the annual report. Our oplnlon on the flnancial 5tètemEnts does not cover the other information ènd, except to the extent otherwise explicitly stated In our report, we do not expiess any form of 355urance conclusion thereon. Our responsibility 15 to read the other informatiDn and, In doln8 so, conslder whtther the other inlorrnaison Is materlally inconsistent wlth thE financial statements or our knowledKe obtained In the covrse of thE audll or otherwise appear$ to be materlally misstated. If we identify 511th materlal In¢onslStencles or apparent rnaterlal misst8rements. we are required to dEtermlne whetherth15 Kive5 r15E toa material mlsstaternent In the flnanclal 5tatemeht5 themsEfves. If, based on the work we have performed, we conclude that there Is a materlal m15Statement of th55 other inlormatlon, we are requlred to report that fact. We have nothin8 to report In thls regard. nlon5¢n Ot￿rMatterSpreSertbed tNth•C¢)mp•niesA¢i zc In our opinion, based on the work undertaken In the courSE of the audlt.. the Information given In the tru5tees' report lincorpor•iin8 the dlreciors, report) for the financial year fDrwhith the flnanclal staternent5 are prepared Is conslstent with the financial 5tatement5,' and the dlrectors, repoft has been prepared in accordance with applicable le8al requlrements. PaEe 14

REPORT OF THE INDEPENDENT AUDITORSTO THE MEMBERS OF UNICORN THEATRE LONDON LTD Mknonwhkhweare requlredtorewth ex￿p￿ In the IIEht of the knowledge and understanding of the tharStable company and Its envlronment obtained In the course of the audit. we have not Identifled material misstatements in the dlrectors, report. We have nothin8 to report in re5peEt ol (he followin8 rnatter5 in relotion to which the CompaThies Act 2006 require5 US to reportto you 11. in our oplnion.. adequate aicounting recofds have not been kept. of returns adequate for Dur audit have not been received from branches ot visltÈd by u5,. or the financlal statements are nDt in a8rÈÈment wlth the accountln8 record5 and return5,' or certain dlsclosures of directors, rernuneration Specified by lèw ère not made.. or we have not received all the Information and explanatlons we requlre for our audit. or the trustees were ttot ent5tled to prepare the financial statements In accordance wlth the small compènles. regime and tak* èdvanta8e of the small companle5' exemptlons In preparlng the dlrectors. report and from the req￿Irement to prepare Strategic report. ReJponslbllltle50ftru51ws A5 eKplalned more fully In the tru5tees' fE5POll5ibilltle5 5titernent15et out on pa8e 101, the trustees (who are also the directors of the charltoble company for the purpose5 of cornpany lawl are responslble lor the preparation of the financial statement5 and for being Sat15fled that they 8lve a true Ind fa5r view. and lor such Internal £ontrol as the trustees determlne Is necessary to enable the preparatlon of flnanclal statements that are free Irorn materlèl mlsstatement. whether due to fraud or error, In preparing the flnanclal statements, the tfilstees are responslble for a$se$51ng the charltable company'5 ablllty to continue a5 a golng concern, dls¢losln8, as èppllcable. matter5 related to 8oin& concern and u51n8 the8oln8 concern ba515 of 3ccountlng unless the trustees elther Intend to Ilquldate the charltable tompany or to cease operation5, or have no rea115tlc alternatlve but to do so. Audllorfi respon51btittteslarth4￿l￿ofth¢1In•ndI1stbtrm￿3 Our objECtlves are to obtain reasonable assurance about whether the 15nanclal statements as a whole are free from materlal mi55tatErnent, whether due to fraud or errcr, and t0 155ue aTr auditor's report that include5 ouropinlon. Reasonable assuian¢e Is a hl8h level ol assurance, but Is not a guarantee thèt an audlt conducted In accordance with ISAS IUKI wlll always dele¢1 a rnaterial mls5tatement when it exlsts. Mlsstatements can arlse from fraud or error ènd ale tonsldered materlal If, Indlvldually or In the a88regète. they could reasonably be expected to Influence the ￿0￿0￿1( decislons ol u5er5 taken on the basls of these flnanclal Statements. Irregulèritie5, includinR fraud, are Instances of non-compllance wlth laws and re8ul•tlon$. We deslgn procedures In Ilne with our responslbilltie5. Outllned above, to detoct materlal mlsstatements in rEspett al Irregularilies, includlnÉ fraud. The Specific procedures far thls en8a8ement and the exrent to whlch thesE are capable of detecting Irregularltles, Includln8 fraud15 detalled below.. EnquSry of management anLI those char8ed wlth governance around actual and potentlal Illl8atlDn and clalms as well as actual, suspected and alleged fraud., Rev4ewiTr8 rnlnutes of meetSn85 of those charged wlth 8overnance', Asses%n8 the extent of compllan¢e wlth the law5 and re8ulatlons consldoied to have a dlrett materlal effect on the Ilnanclal statements or the operatSons of the company throu8h enqulry and 5nspertS0n', Revlewin8 f(nancial Statement dls¢losures and te5tln8tO 5upportin8 documentatlon to 35se55 compllantewith applScable lav45 and regulations.. Performing audit work over the risk of rnana8ement bias and overrlde ol controls, Includlnl tesiin8 of journal entrlES and other adjustments for appropriètEness, evaluatin8 the buslne5s rationale of significant tran5aCtIDn5 Outside the norrnal course of buslnes5 3nd revlewln8 accountin8 estimates lor Indicators gf potentlal bia5. Because ol the inherent limltations of an audlt, there Is a r15k that we wlll not detect ?11 Irre8ularStles. Includln8 those leadlnÉ to a material rnisstatement In the financlal statements or non-compliance wlth re8ulation. Thi5 risk increa5e5 the more th4t cornpliance with a law or regulatloll 15 removed Irom the event5 and transactions reflectEd in the fin3ncial 5taternent5. as we will be less likely to become )warp of In5t4nre5 of non-cornpliance. The risk is a150 8reater regarding irregularities occurrin8 due to fraud rather than Error, a5 fraud involve5 intentional concealment. for8ery, collusion. Dmission or misreprestntation. A further descrlptlon of our responsibilities is available on the Flnancial Reportlng Countil'5 webslte at.. https.'l/www.fr£.org.uVour-WorklAudlt/Audit-and-assuran¢e15tandards-and-8uidincelStandard5-and-8uidance-for-auditorslAudiiors- re5POn5ibilities-for-auditlDescription-of-auditars-responsibilitie5-for-audit.aspx. This description forms part of our audltor's report. Pa8e 15

REPORTOF THE INDEPENDENF AUDITORS TO THE MEMBERS OF UNICORN THEATRE LONDON LTD Useof our rep¢Yt This report is made solety to the charltable CDmpènVs members, as a body. in accordance wlth Chapter 3 of Part 16 of the Companles Act 2(A)6. Our audrt work has been undertaken SL) that we might state to the charitable compan¢5 member5 those matters we are required to state to them in an auditor's report and for no other purpose. To the fvllest extent perrnitted by law, we do not aciept or assurne rÈsponslbllity to anyone other than the charitable company and the charitable company's member5 a5 a body, for our audit work, fDrthis report. or for the opinions we hove formed. John Howard (Senior Statuiory Auditor) for and on behall of ￿et$ Audit services Chartered Accountants Statutory Audltor 2nd Floor, Reg5$ House 45 Kln8 Wllliam Street London EC4R 9AN D•ie.' 23 Decembgr 2024 Page 16

UNICORN THEATRE LONDON LTD STATEMENT OF FINANCIAL ACTIVITIES IlncludlnB the Income and Empendlture Account) FOR THE YEAR ENDED 31 JULY 2024 2024 2023 Total fvnd5 Total funds Uttrestrlded Restrirted fvnds Notes INCOMING RESOURCES In£omlni resources from 6enerated funds Voluntary Income Investment income In¢omlng resour¢es from ¢h•rfi•ble adl¥ttS05 Theatre Produrtlons Other Income 1.564.227 S6.222 467.739 1,03L966 56?22 I,￿1,767 6,199 1,441,YO 10,860 IA41,340 84,250 1,158,344 64.76B 73.390 Tot•1 In¢offlI￿ r•wyrc•s 3,072.649 541,129 J.613.778 3.231,078 RESOURCES EXPENDEO Corts oeienEraiin# lundi C05t5 of 8eneratln8 Voluntary Income Charltabl• actl¥ltlei Theatre producrions 225.018 225,08B 167.402 2,9J5.127 585,564 3,520,691 2,872,880 Tot•1 r•SOur¢￿ eXp￿dId 3,1fj0,215 585,564 3.745.779 3,040.282 Pl•t IrKarn•llèxpendStur•l 187J661 144,4351 1131,ODII 190,796 Tr•nsfer N•t mov•m•rt In funds 187.5661 144,4351 IlJ2,lJ)11 190.796 AECONCIiIATION OF FUNDS Tot•1 funds bfoutht l¢Jrwird Total funds transferred In ffom UCC 6,968,357 112,172 7.080,529 6,889.733 TOTAL FUNDS ¢ARRIED FORWARD 6,880,791 67,737 6.948,528 7,080.529 All Income and expendlture derlve from contlnulng activStles. All r￿o￿nIsed 8alns and losses are Included In the siatement of Flnanclal Actlvities. The notes on pale5 23 to 35 forrn part of these financlal stètements. Page 17

UNICORN THEATRE LONOON LTD BALANCE SHEET AT31 JULY 2024 Company number. 00480920 2024 2023 Notes FIXED ASSETS Tangible a55ets 14 5,365,691 5.512.097 CURRENT ASSETS Investments Sto£ks Debtors Cash at bank 341,634 8,568 526,B02 1.117.946 9,425 399,116 1.466.842 15 1.994,950 1,875,383 CREDITORS Amounts falling due wlthln one year 16 1412,1141 1306,9511 NET CURRENT ASSUS 15B2 836 1.568,432 TOTALASSETS LESS CURRENT UABIUTIES 6.948,528 7.080,529 NET ASSETS 6.948,528 7,080,529 FUNDS 18 Unrestrlrt•d lundi 1,377,661 1.202.457 Deilinated funds Fixed Asset Reserve Straieglc In¥e5rment Reserve Bulldlng ResÈrve Fund Other 5.103.130 5,265,900 IOD,ODO 50,000 3SO,000 50.IJOO 350,iWJO Aestrfcted fundi 67,737 112,172 TOTAL FUNOS 6.948,518 7.OBO,529 These financial statements have been prepared In accordance with the special provlslons of Part 15 of ihe Companle5 Act 2006 relat￿n&t0 charltable small companie5. The financl315tatements werE approved by the board of tru5tee5 On 17th December 2024 and were signed on its behalf by.. DrVane55a 08den- Tru ee The notes on pages 23 to 35 fomi part of these financial Stsiements. Page 18

UNICORN ThEATRE IONDON LTD CASH FLOW ￿ATEMENT FOR THE YEAR ENDEO 31 JULY 2024 2024 2023 Net cash Inflow from operatlng adfvltlei 242.921 C•pltsl expendllure and fln•n¢l•l In¥ertmert 150,2941 138,QO81 Increase In cash In the perlod 17,1621 204,913 Reconclllitlon of net Cash flow to movem•nt In n•t debt Increase In cèsh In the perlod 17,2621 204,913 Ch&nge In Tret debt resultSng from tash flows 17,2621 2a4.913 Movement In net debt In the porlod Net d•bt •t l A￿urt 17,2621 L466,842 204.913 1,261.929 Not d•bt ￿ 31 Julv 1059,580 1,466.842 The notes on pales 23 to 35 form part ol these flnanclal statement5. Page 19

UNICORN THEATRE IONDON LTD NOTES TO THE CASH FLOW STATEMENr FOR THE YEAR ENDED 31 JULY2024 AECONCILIATION OF NET INCOMING RESOURCESTO NET CASH INFLOW FROM OPERATING ACTIVITIES 20Z4 2023 Net incoming resources Depreciaiion charge5 Decrease In stocks Iln£rea5ellDecrease in debtors Increaselldecreasel In credltors 1132.0011 196,699 8S7 1127,6861 105,163 190.796 193,167 12,3151 140.4921 198.2351 Net ¢•sh Inflowfrom operntlni a(tMllei 41,031 242,911 ANALYSIS OF CASH FLOWS FOR HEADINGS ￿E￿ED IN THE CASH FLOW STATEMENT 2014 2023 C•pli•l expendltur• and fin•nclil Invthment Purchase of ¢anglble flxed a55ets Net è55et5 acqulred from Merger ol Llnlcorn Chlldren's Centre 150,2941 138,WBI Net ¢w>h outllow lor c•pii•l expendlture •nd flMnd¥l In¥•rtm•nt 150,2941 138.0061 ANALYSISOF CHANGES IN NET DE8T At OIIOV23 C•shllow At 3V07124 Net cash.. Cash ai bank 1,466.842 17,2621 1.459.580 Tot•1 1466,842 7,2621 IA59,580 Page 20

UNICORN THEATRE LONDON LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 ACCOiINTING POLICIES al Gener81 Infomiatlon Unlcorn Theatre London Ltd 15 a charitable company limited by guarantee In the United Kingdom. The address of the re8lstÈrÈd office is #iven In the charity information on page 2 of these flnanclal statements. The nature ol the charltable cornpony'5 operations and principal ictivitie5 are set out on page 3. bl 8•515 of preparlni the flmllclal ststernents The flnanclal statements of the charltable company whlch 15 a public benefit entlty under FRS 102. have been prepared in •tEordancE wlth the Charlt5e5 SORP IFRS 1021'Accountin8 and Reportin8 by Charltles.. Statement of Recommended Pra£tlte appll¢able to charitie5 preparinB their accounts In accordance with the Financ5al Repofting5tandard appllcable the UK and Republlc of Ireland IFRS 1021 (effective l January 20151,, Flnanclal Reportln8 Standard 102'The Finantlal Reportlng Standard appllcable in the UK and Republic of Ireland, and the Cornpanies Act 2006, The Ilnanclal statement5 have been prepared under the hlstorlcal cost conventlon. cl Golni Con¢•m The flnanclal 5tatement5 have been prepared on a golng concern ba515 whlch the trustees consSder to be approprlate forthe lollowlni rea50ris. As at 31 July 2024, the Compony had net turrent a55ets of £1,582,836 and net cash ol £1,459,580. To manage risks, the Board and Executlve Teèm review budgets withln a multl-year context, Ind are ilrmly f¢xussed on maintainlng and Incre3slng fundralslng through expanding the Unl¢orn's network, the creotion and refruitment of trustees to loln the Development & Strategy Commlttee to SUPPOrt fundralslng strategy and Inltlatlves. Thanks to the support of long-term funders and thioush 5uccesslully 5tewardlng several multl-year 8rants, the UThlcorn Is currently in o confldent P051tion wlth lundralsin8. Wlth thls growin8 plpellne, we hope to be able to be more future Focused n our develDpment of funding relationships and bld5 than we have been in prpvlou5 years and have SUPPDrted thi5 Wlth 50rne externèl consultancy. Trustees are also focused on the opportunltles a future capi131 project may afford and how enterprlsln81 commerclal use of the bulldlng rnay support our ambltSons. The trtjstees have considered the Impact of the theatre operatlng In an economy affected by the coSt-of-l￿1￿8 ¢rlsl$ and increased financ5al pre55ures to ernployers a5 a result of the autumn 2024 budget. Thanks to prudent financlal management acros$ 2022- 2024, having Secured Art5 Council NPO fundini status across 23- 26, repre5entlnB a (gntrlb￿lDn of around £1.32M annually. the trustees have a reasonable expectation that the Company has sufflclent Ilquldity to contlnue in operatlon31 exlstence and to meet Its Ilèbllitles as they fall due fpr a PErlod of at least 12 months from the date of authori5ing these financlal staternents. The flnanclal statemÈnts have therEfore been prepared 011 a 8oln8 concern ba515. dl Fund ttountlni Unrestrlcted funds can be used In accordance wlth thE tharltablE objectives at the discretion of the tVU5tee5. Resrrlcted funds can only be used for partleular re5trlcted purposes Wlthln the oblectsof the charity. Restrfcrions arlse when specified by the donor or when funds are r3ised for partlcular restricied purposes. Desi8nated fund5 are funds Set aside by the Iru5tees out of unrestricted general funds for specific purposes or projects. Further e%planation of the nature ènd purpose of e3ch fund Is InCl￿ded In the notes to theflnanclal statement5. e) Irbtome l inioming resources are included on the Statement of Financial Actlvitieswhen the charity 15 legally entitled to the tncDme and the amount can be quantified with reasonable accuracy. PaÈe 21

UNICORN THEATRE LONDON LTD NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 JULY2024 ACCOUNTING POLICIES- ¢on¢lnued el InEome- contlnued Donatlons Donations and 81fts are Included In full In the Statement of Financial Acti￿tIeS when there Is entltlement. probabllity of receipt and the amourtt of Income receivable can be rneasured reliably. Grants Gianis are rew8nised in full In the Statement of Flnanclal Attivltles in the year In whlch the charltable company has entltlement to the Income, the Jmouttt of IncornÈ recelvable Can be measured rellably and there Is probablllty of recelpt. InromtliDm ¢h•rltable •rtlvttles and othtr tr•dln8 •¢tl¥rtl•s Income frorn chatltèble a¢tlvllle5 15 recognised ès earned a5 the related servlees are provlded. Income from other tradln8 actlvities is reco8n15ed as earned as the related good5 are provlded. Investrnent Incom• Investment Incomels reco¥nised on a re¢elvable basls once th¢ amounts can be measured reliably. Expendltur• xpendlture Is a¢couThted for on an acuuals ba515 and ha5 been cl9551fled under headlngs that 888re8ate all c05t related to the £ate8ory. Where rosts ¢annot be directty attributed to porticular headln8S they have been allocated to act1v1t1￿ on basls con515tent with the use of resources. ExpEndlture Is classllled under the followlng •¢tlvlty he•dlngs'. Ralslni funds The Eosi of theatre productlon5, educitlcn and ralslng funds comprlse expendlture dlrectly attrfbutable to the actlvity and support to$ts. Allocatlon olsupport colts Support cost5 have been alloEated gn an approprlate basls to reflect the true c05t of each actlvlty undertaken by the ¢har5table company. il T•n#lbl• flx•d •siets FSxed assetsare stated ot C05t DrdÈemed cost (donated v41uatlon at e5tlrnated lalr valuel less a¢¢umulated depreclatlon and Impalrment losses. Assets costln8 more than £2,500 are capitali5ed. Depreciatloh is talculated to write off the cost5 of the fixed a55et by Equal Instalments as fcllows. all stral8ht Ilne.. Main building structure Cablln8 and M&E infra5trueture lineltJdin8lolnery. Ilfts ercl ElectTical equlpment, furn5ture and office equiprnent Caterln8 equlprnent Theatre equipment Furnlture and equipment IT equipment Productlon equlpment So years 15 years S years 3 year5 12% to 20% IO% to 33.3% 33.3% 25% hl siocks Stocks are valued at the lowÈr of cost and Tret reali53ble value. Debtors Other debtors are reco8nised atthesettlernentamountdue. Prepayments are¥alued at the amount prepaid. Accrued incorne is rneasurEd at the amount due to be receNed. Page 22

UNICORN THEATRE LONDON LTD NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 JULY 2024 ACCOUNTING POLICIES- contlnued 11 Cash at bank and In hand Cash at bank and cash In hand Includes Eash and short term hiohly liquid investments with a Short maturity of three months or less from the date of acqulsltlon or openini of the dep051t or similar acceunt. kl Credltovs Credltors ère reco8nlsedwhere therels a presentpbll8atlon resultln8from a pasteventthatwlll probably result Inthetransfer ol funds to a thlrd party and the amount due t¢ settle the obll£ètlon con bt measured ar estimated reliably. other credltors and accruèls are rec¢J8n15ed at thelr settlement arnount due. 11 Fln*n¢l•l Inrtrum•nts The charitsble company only ha5 linan¢lal è55et5 and financlal Ilabllltles of a klnd that quallfy is ba51c linanclal in5trument5. Basic flThanclal instruments ore Inltl8lly re¢o8n15ed attran5artlon value and 5ub5equently rneasured at their settlement V8lue. ml T•utlon The tharlty 55 emernpt from corporatlon tax gn Its charltable ictlvltle$. n} Employment ￿Tre11ts.. Short t•rm benel Short term benefits includln8 holiday pay are reco8nlsed as an expense In the perlod sn whlch the $eNlce15 re£elved. Employee termlTratlon beneflts Terminatlon beneflts afE ac¢ounled lor on an accruals ba515 and in line wtth FRSIO2. P4n$lon icheme The Theatre contributes to personal pens5on schemes on behalf of Its employees. The pensSon costs charged In the Ilnanclal statements represent the contributlons poy•ble during the ye4f. ol Crbtk•l ludlemtnts •nd •stlm•t•s In the appllcatlDn of the accountln8 policles. the trusteES are requlred to make Sudgement5, estimates ènd assumptlons aboui the c•rryin8 value of assets and lièbllitles that are not readlly apparent from other sources. The estimates and nderlyin& a55umptlon5 are based on historical experlence and other factors that are consldered tg be relevant. Actual results may difler from these estimates. The estimates antl uMdertyln8 •SSUmPtlon5 are revlewed on an on8oln8 bas15. ReY15ions to èccountln8 estlmate5 are re¢o8nlsed in the PErlod in which the estlmate is revlsed if the revlsion affect5 only that perlod. or In the perlod of the rev151on and future perlods11 the revlslon èffected curreni and future perlods. In the VIEW of the trustee5. no assumptions concernlng the future or estimation uncertainty affectlng assets or Ilabilities at the balance sheet date are Ilkely to result In a material adjustment tg thelr carrylns imount5 In the nert financial year. VOLUNTARY INCOME 1024 2023 Donations Grants 704,091 1.327,875 673.89S 1,327,872 2.031.966 2,ODI.767 Pale 23

UNICORN THEATrE LONDON LTD NOTES TO THE FINANCIAL STATEMENTS FORIHE YEAR ENDED 31JULY Z024 VOLUNTARY INCOME-fontlnued The chariiv Is grateful to the followin8 fortheir support durin8 the yeo1,' ¥'or Aestricted Donation5 8acksta8e Trust eioomber8 PhilanthrDple5 Charles Holloway OBE Slr Harvey and Lady McGrath Portal Trust Chrlstlna Smlth Foundatlon Theatre Artlsts Fund Pllot Programme Garfleld Weston Foundation nr ea¢k$tage Trust te 2024 2023 Unrestilrt•d ir•nts: Arts Councll Ery8land- NPQ Grant Arts Councll En8land- Culture Recovery Fund L,327M75 1,327,872 INVESTMENT It4COME 2024 2023 Inve5tment5 56,222 6.199 INCOMING RESOURCES FROM CHARITABLE AcfiviTIES 2024 2023 Unlcorn Productlon5 Anclllary tradlng ThEatre Tax Rellel Other Income Other Income Theaire Produrtions Theatre Productlons Theatre Production$ Other Income Theatre Artist Fund 1.004,937 149,017 287,386 10.860 73.390 725,27B 115,207 317,859 3,778 60,99D 1525.590 1.223,112 Page 24

UNICORN THEATRE LONDON LTD NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDE D 31 JULY 2024 COSTS OF GENERATING VOLUNTARV INCOME 1024 2023 25,054 200.034 15,188 152,214 Support costs 225.008 167,402 CHARITABLE ACTIVITIÉS COSTS 2024 2023 atr Production costs Production wages, actors. stage man4gement Jnd technl¢il staff Fees and co-produrtlons Buildln8 overhead5lVenue rental Marketing Writer5 Research & development Actess work CrE8tlve Hub Support costs Ilncludlni non-dlrect 5alorlesl 384.360 682.542 211.116 219,641 180,724 108N53 15,96Z 16,472 192,797 1,508,624 298,623 502,613 174,261 218,288 146,5Q6 51,505 19,886 4,1S4 72,124 1.384.920 3.520.691 2 872.880 io. SUPPORT COSTS 2024 2023 1,102.JO8 174,194 36,979 9,228 19,040 17,7417 16,561 196.699 12S,712 991,363 140,686 31,870 1,176 7,541 18,566 28,265 193,167 124 500 Admin & overheads 8DK office charges Front of House Cèle & Merchandlse Prole5510nal fee5 IT cost5 Depre£SatlDn Irrecoverable VAT 1.708,658 1.537,L34 PaBe 25

UNICORN THEATRE LONDON LTD NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED31JULY 2024 li. NET INCOMINGIIOUTGOINGI RESOURCES Net resource5 are stated after ChargIn￿(creditingl.. 2024 2023 Deprecl&tlon- owned a55ets Other penslon costs Auditots, remuneration audlt 196,699 23,79J 11.000 193.167 22,496 ii.crfx) TRUSTEES, ReMUNERATION AND BENEFITS There were notru5tees' rernuner4tlon or other beneflts for the year ended 31 July 2024 nor forthe yearended 31 Juty 2023. No Trustee recelved remuneratlon or relml)ursemerbt of exper15e512023.. None). Truit••s' •MpenMs There wEre no trustees, expenses paid lor the year ended 31 july 2024 nor forthe year ended 31 ju￿ 2023. 13. STAFF COSTS 2024 2023 Wales and salarles Soclal 5erurlty costs Other pension costs 1326,621 lo8,￿0 2J,793 1,066,750 92,lQ7 22,496 1,358,774 1.181,353 Staff cosis are spllt.. Support costs- Salarles 1.102,388 256,386 991,363 189.990 1.358,774 1,181,353 The aver8ge monthly nurnber of employees durln8 the year was as follows.. 2OZ4 2023 Production Communications Front of House 8ox offlcE Develcpmeni Artlstlc anrl Adffjln 15 io 32 No employees received emolumenis in excess of E60,00012023.' nonel The total employEe benefits of the key rnanagernent PErsonnel of the chartywere £149,66112023: £127,967). Page 26

UNICORN THEATRE LONDON LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31JULY 2024 TANGIOLE FIXED ASSETS Land and bulldlrys Pthnt and michlneryetc Tolals COST At l Au8ust 2023 Additions 8.138,487 6,232,866 50,294 14,371.353 50,294 At 31 July 2024 ,138087 6.283,160 I4.421￿4? DEPRECIATION At l August 2023 Char8e lor year 2.872,587 162,770 5.986,669 33,929 8.859,256 196,699 At 31 July 2024 3.035,357 6,020,S98 9,055,955 NET BOOK VALUE At 31 July 2024 5.103,130 262.562 s,￿5,691 At 31 July 2023 5,165.900 246,197 5.512,097 A char8e on the lease Jnd the bulldlng has been glven to the Prlnclpal Funders, namely Art5 CouThEII Enqland. London and London 8orou&h of Southwark. 15. DEBTORS: AMOUNTS FALLING DUE WITHIN 014E YEAR 2024 2023 Trade debiors other debtors Theatre Tax Rellef 26,720 110,361 289,721 ,123 90,701 300,292 526,802 399,116 16. CREDITOAS: AMOUNTS FALUf4G DUE WffMIN ONE YEAR 2024 2023 Trade creditors Taxatlon and SDclal securlty oiher crÈditors Aceruals and deferred Income 119.104 27.152 8.366 257.392 130.796 2B,440 24,012 123.703 412,114 306,951 Page 27

UNICORN THEATRE LONDON LTD MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31JULY 2024 16A. DEFERRED INCOME 2014 2023 Balance bllwd & l August Income released in the year Income deferred In the year 54,619 1561J1641 652,179 102.147 1227.7491 180.221 Balance clfwd at 31 Julv I45￿4 54,619 Incorne15 deferred each year whlch represents advance tlcket sales for the follow5n8 Season. 17. ANALYSIS OF NET A55ETS 8EIWEEN FUNDS 2024 R•strl¢t•d funds 2024 Totsl lundi UDrestrltt•d lufid 0851in4ted lund- Flxed Ass•t Aes•tve Oe$l￿at fund- Othor Fixed assets 262,56Z 5.103,130 S.J65,692 Current assets 1.527.213 412.114 400,000 67,737 1,994.9X) 412,1141 1.377,661 5.103.130 400,( 67,737 6,948.528 COMPARATIVES FOR ANALYSIS OF NET ASSETS DÉTWEÉN FUNDS 2023 R•5trlcted funds 2013 Totsl fundj ilnr•strlcted fund Desl8natod fund- FIMed A51et Reser¥e D•s*natod l¥nd- Oth•r Flxed assets Current assets 146.197 1.263,211 306,9511 5,265.900 5,512,097 1,875,38a 1306,9511 500.QQO 112,In 1.202,457 5.265,900 soo,0 112.172 7.080.519 PaEe 28

UNICOR14 THEATRE IONDON LTD NOTESTO THE F114ANCIAL SYATEMENTS FOR THE YEAR ENDEO 31JULY 2024 MOVEMENT IN FUNDS Net Movement In funds At Ol108lz3 Transfe At 31107114 Unrestrfcted fvnd General fund Oeslinaied funds Fixed Asset Reservv Strateglc Investment Reserve Buildln8 Reserve Fund Other 1.201457 175,204 1.377.661 5,265,900 100,000 50,000 J5D,IMJO 1162,7701 iioo,(thi S,103,130 50,000 350.000 6.961.357 I•7￿66} 6.880.791 R•strfrt4d fur￿$ Theatre productions Schots15 & En838ement Pro8ramme 846 18WS 160,4231 18,825 43,a26 103.749 Audience Development Theatre Art15t Fund Caplial 7,577 12,8371 4.740 112.172 144,4351 67.737 7.080.529 1132,0011 6,94B,518 Net movement In fund5, Included In the ibove ire as follows.. Incomlnl rnsourcei Rewure•i expend¢d Mov•ffl•nl In lunds Unr•wirted funds General fund StrateBlc Investment Reser¥e Flxed Asset Reserve 3.072,649 12,897,4451 lio0.0￿1 175,204 Iioo.0001 3,072.649 13,160.2151 187,5661 A•gtrfrted lundi Theatre Productior15 Creative Hub 209,500 I40￿15 1209,5001 11212001 160.4211 11690411 18.825 1fj0.4231 12.8371 Theatre Artlst Fund Capltal 166A04 Total Rutrirf¢d 44.4J51 TOTAL FUND5 132,0011 Deslinated funds: Axed Asset Rese Thls desi8nated fund relates to the fixed assets transferred froffl Unlcorn Children's Centre IUCCI on the mer8er thèt occurred in 2022. Strateglc In¥esimeni Resekve A new designated fund has been put in place to invest in people, acce55 and theatre equipment Improvements where needed. PaKe 29

UNICORN THEATRE LONDON LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 MOVEMENT IN FUNDS- CONTINUED Restrlded fund5: Theatre Productlons Funds dedicated by fuThder5 and donors towards theatrical Productlon5. Arnounts carrled forward at 31 July have been recefved for pro8rammes taking place in the 2024115 financlal year and beyond. DIBltal Funds dedlcated by funder5 and donor5 towards Digital lonlinel Produ¢tlons ènd Strategy. Amounts carrled forward at 31 July may be allocated to dlgltal productlons and prolects takln8 place In the 2023124 financial year and beycnd. Audlente Developm•rt Funds dedic31ed to Investin8 In developlng our audlences to reach, enBa8e and rnalntain è wlder and more dlverse audience frorn global malorlty communltie5 Cipltil Funds dedlcated to Improvlng our Hearlng Loop system. 18L COMPARATIVES FOR MOVEMENT IN FUNDS Trinil8rs In lor Net mDvvm•nt ucc Inote 221 lundi At 01108ll3 Tf•nJfers At 31107123 Unrestdcted lund General fund l>eslinated lunds Flxed Asset Reserve sirateglc Investment ReservE Bulldin& Reserve Fund Other 1.049.969 1156,0001 1,202N57 5,428,670 1162,7701 5,265.900 100,000 50,000 Jso,Mo IM,000 50,000 350,OCKI 6,825.639 145.718 16,IXIOI 6.968J57 Aqstrlrted funds Theatre productions schools & En818ement PrB8ramme 57.801 45,948 103.749 Audience Development Theatre Artlst Fund Capital 2,447 5,130 16,0001 7,577 6.WJQ 61.094 45,078 6.IXIO 112.172 889.733 190.796 7.080,51Y PèBe 30

UNICORN THEATRE LONDON LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31JULY 2024 18L COMPARATWES FOR MOVEME1￿ IN FUNDS- C014TINUED Net movement In fvnds. Included In the above are as follow5.. Incomln8 re￿￿tte$ Resources empehded Movem¢n¢ In lunds Unrestrlrted funds General fund Flxed Asset Re$erve 792.487 12,483.9991 162.7701 311&488 1162,770} 2.792,487 Il646.7691 145.718 Restrlded funds Theatre Productions 295,101 75,OlJQ 5,OlJO 60.990 2.500 1295.IQII 129,0511 15,0001 155,8601 18.500 AudSence Development Theatre Artist Fund Capltal 5.130 Totil R•strttt 438,591 393 5131 45,078 TOTAL FUNOS 3 231078 1,040,2B21 1%,796 RELATED PARTY DISCLOSUIIES There are no related party transactlons that requlre d15closure. OPERATING LEASE COMMrrMENTS The charlty hDld totil tornmltments under an operatln8 lease as follows.. 2014 2023 Éxplry date.. wiihln one year Between one ènd flve years 2.9Jl 939 939 Page 31

UNICORN THEATRE LONDON LTD NOTE5TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 21. COMPARATIVE5 FOR THE STATEMENT OF FINANCIALAcfiviTIES 2023 2022 T¢>tsl funth T￿•1 lunds Unrestrlcted fvndi Ae51rlcted funds Not85 INCOMING A£SOURCES Ineomln8 re60urc05 ffom oenernted funds Voluntary income Inve5trnent 5nEome IncomlTrK rgwur¢•s from tharStabl¢ actlvltles Theatre Productlons other Income 1.624.166 6,199 377.601 Z.001,767 6,199 1.870,Q12 693 1.158.344 3,T18 1.15&344 64,768 736,712 8,472 60,99D Tot•1 Incomlni r•sourtes 2.792,487 438,591 1.2>1,078 2,615.889 RESOURCES EXPENDEO Costs ol i•n•r•tln8 Costs of geTheratlng wluntary Income Ch•rlt•ble actlvltl Theatre productlon5 167,402 167.402 141,829 ,479.367 5,513 2.872.880 2,418,214 Totil r•wurces eNpend•d 2.646.769 393,513 3.010.282 2.56Q,043 N•1 IMcomelleNpendhur•l 145.718 45,078 190.796 55,846 Transfer 16.0001 4000 Net ffiov•m•ffl In fvnds ijg,718 51A178 190.796 55,846 RECONCILIATION OF FUNDS T￿11 lunds brouihtlotw•rd Total funds ir*nsferr•d In frorn UCC 6,828,639 61,094 6,8B9,733 1.343.834 5.490,053 TOTAL FUNDS CARRIED FOIWARD 6.968J57 112.171 7.080,$29 6,889,733 Page 32