## 

|Reports||
|---|---|
|Referenceandadministrativeinformation|1|
|Trustees'report|2|
|StatementofTrusteesresponsibilities|19|
|Independentauditor'sreportonthe||
|financialstatements|20|
|Financialstatements||
|Statementoffinancialactivities||
|incorporatingincomeandexpenditure||
|account|25|
|Balancesheet|27|
|Statementofcashflows|28|
|Principalaccountingpolicies|29|
|Notestothefinancialstatements|33|





|Trustees|JulieParker|
|---|---|
||SaraThompson|
||TimothyWalford-Fitzgerald|
||PaulMcGeary|
||DavidShearing|
||AmandaBarker(resigned19April2023)|
||ChristineSmith(resigned9September2022)|
||DominicHedges|
||NehaIssar-Brown|
||SonjaLahiff|
||AndreaCunningham(resigned22January|
||2023)|
||MelvinWallace|
|Registeredaddress|QueensTheatre|
||BilletLane|
||Hornchurch|
||Essex|
||RM111QT|
|Companyregistrationnumber|00524845(EnglandandWales)|
|Charityregistrationnumber|248680|
|Auditor|BuzzacottLLP|
||130WoodStreet|
||London|
||EC2V6DL|
|Bankers|NationalWestminsterBankplc|
||SouthStreet|
||Romford|
||Essex|
||RM11RD|





## 

## 

## 

## 



## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 



## 

## 

## 



## 

## 

## 



## 



## 

## 



## 

## 



## 



## 

## 

## 

## 



## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



Sara Thompson 



## 



## 

## 

## 



## 



## 

## 

## 




19 June 2023 



## 

||||||2023|2022|
|---|---|---|---|---|---|---|
|||Unrestricted|Designated|Restricted|Total|Total|
|||funds|funds|funds|funds|funds|
||Notes|£|£|£|£|£|
|Incomefrom:|||||||
|Donations|1|<br>37,486|-|-|37,486|78,559|
|Charitableactivities|2|3,059,595|53,427|472,011|3,584,033|3,082,624|
|Investmentincome|3|16,475|-|-|16,475|1,719|
|Otherincome|4|339,542||-|339,542|430,137|
|Total||3,453,098|53,427|472,011|3,977,536|3,593,039|
|Expenditureon:|||||||
|Charitableactivities|5|3,432,359|60,822|672,758|4,165,939|3,213,751|
|Total||3,432,359|60,822|672,758|4,165,939|3,213,751|
|Netincome (expenditure)||20,739|(7,395)|(200,747)|(187,403)|379,288|
|Transfersbetweenfunds|20||||||
|Netmovementinfunds||20,739|(7,395)|(200,747)|(187,403)|379,288|
|Totalfundsbroughtforward||523,000|149,965|1,256,625|1,929,590|1,550,302|
|Totalfundscarriedforward||543,739|142,570|1,055,878|1,742,187|1,929,590|





Sara Thompson 



## 

|||2023|2023|2022|2022|
|---|---|---|---|---|---|
||Notes|£|£|£|£|
|Fixedassets||||||
|Tangiblefixedassets|10||1,092,412||1,217,481|
|Investment|11||100||100|
||||1,092,512||1,217,581|
|Currentassets||||||
|Stock|12|14,345||13,393||
|Debtors|'13|533,779||306,025||
|Cashatbankandinhand||1,047,006||1,249,457||
|||1,595,130||1,568,875||
|Liabilities||||||
|Creditors:amountsfallingdue||||||
|withinoneyear|14|(945,455)||(856,866)||
|Netcurrentassets|||649,675||712,009|
|Netassets|||1,742,187||1,929,590|
|Funds|16|||||
|Unrestrictedfunds||||||
|♦<br>Generalfunds|||543,739||523,000|
|♦<br>Designatedfunds|||142,570||149,965|
|Restrictedfunds|||1,055,878||1,256,625|
|Totalfunds|||1,742,187||1,929,590|





## 

|||2023|2022|
|---|---|---|---|
||Note|£|£|
|Cashflowsfromoperatingactivities||||
|Cash(usedin)/generatedfromoperations|A|(169,648)|664,968|
|Cashflowsfrominvestingactivities||||
|Purchasingoftangiblefixedassets||(49,278)|(272,164)|
|Interestreceived||16,475|1,719|
|Netcashusedininvestingactivities||(32,803)|(270,445)|
|Net(decrease)/increaseincashandcashequivalents||(202,451)|394,523|
|Cashandcashequivalentsatbeginningofyear||1,249,457|854,934|
|Cashandcashequivalentsatendofyear||1,047,006|1,249,457|



## 

|Netincomefortheyear|||
|---|---|---|
||2023|2022|
||£|£|
|Net(expenditure)/incomefortheyear(asperthe|||
|statementoffinancialactivities)|(187,403)|379,289|
|Adjustedfor:|||
|Interestreceived|(16,475)|(1,719)|
|Depreciationontangiblefixedassets|174,347|171,732|
|(Increase)instock|(952)|(3,057)|
|(Increase)indebtors|(227,754)|(214,104)|
|Increaseincreditors|88,589|332,827|
|Cash(usedin)/generatedfromoperations|(169,648)|664,968|





## 

## 

## 

## 



## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 



## 

|Donationsandlegacie|s||||
|---|---|---|---|---|
||Unrestricted|Restricted|2023|2022|
||funds|funds|Total|Total|
||£|£|£|£|
|Donations|37,486||37,486|78,559|



## 

|Incomefromcharitableactiv|ities||||
|---|---|---|---|---|
||Unrestricted|Restricted|2023|2022|
||funds|funds|Total|Total|
||£|£|£|£|
|Grants|461,238|472,011|933,249|1,350,012|
|Boxoffice|1,820,262|-|1,820,262|1,299,992|
|Barsales|193,621||193,621|104,207|
|Cafébarsales|144,221|-|144,221|78,187|
|Confectionarysales|50,853|-|50,853|32,701|
|Theatrelettings|89,401|-|89,401|18,681|
|Outreach|106,115||106,115|51,991|
|Productionincome|152,265|-|152,265|82,100|
|Commissionedservices|13,000||13,000|18,200|
|Salaryrecharge|28,620|-|28,620|28,620|
|QNextincome|53,426|—|53,426|17,933|
||3,113,022|472,011|3,585,033|3,082,624|



|Grantsreceived,includedintheabove,areasfo|llows:||
|---|---|---|
||2023|2022|
||£|£|
|LondonBoroughofHavering|293,482|452,550|
|GLA|-|10,000|
|ArtsCouncilEngland|512,129|819,129|
|ClarionFutures|5,333|5,333|
|TheLinburyTrust|30,000|—|
|GarfieldWeston|30,000|—|
|RomfordBID|18,500|11,000|
|PaulHamlynFoundation|—|20,000|
|TheMercuryMall||2,000|
|CircularEconomy|—|30,000|
|FoyleFoundation|20,000|—|
|NationalTheatreSpeakUp|23,805|-|
||933,249|1,350,012|





## 

|Investmentincome|||
|---|---|---|
||2023|2022|
||`£`|`£`|
|Depositaccountinterest|16,475|1,719|



## 

|Otherincome|||
|---|---|---|
||2023|2022|
||`£`|`£`|
|Furloughgrants|-|82,096|
|TTRclaims|278,282|146,672|
|Insuranceclaimincome|-|117,587|
|Othermiscellaneousincome|61,260|34,008|
|VATrefund|-|49,774|
||339,542|430,137|



|||Support|||Support||
|---|---|---|---|---|---|---|
||Direct|costs(see|2023|Direct|costs(see|2022|
||costs|note6)|Total|costs|note7)|Total|
||£|£|£|£|£|£|
|Theatreoperations|3,547,127|601,013|4,148,140|2,645,454|550,868|3,196,322|
|Governancecosts|-|17,799|17,799|-|17,429|17,429|
||3,547,127|618,812|4,165,939|2,645,454|568,297|3,213,751|





## 

|Supportcosts|||
|---|---|---|
||2023|2022|
||£|£|
|Staffcosts|279,602|265,252|
|Officecosts|102,532|78,047|
|Trainingandrecruitment|15,173|10,463|
|Depreciation|170,382|172,048|
|Othercosts|33,324|25,058|
|Governancecosts|17,799|17,429|
||618,812|568,297|
|Netincoming/outgoingresources|||
||2023|2022|
||£|£|
|Thisisstatedaftercharging:|||
|Depreciationofownedfixedassets|174,347|171,732|
|Auditors'remuneration—auditservices|12,894|12,599|
|Auditors'remuneration—nonauditservices|2,575|2,500|
|Auditors'remuneration—taxcomputations|2,330|2,330|



## 

## 

## 

|Staffcosts|||
|---|---|---|
||2023|2022|
||£|£|
|Wagesandsalaries|1,445,547|1,181,684|
|Socialsecuritycosts|26,169|23,759|
|Pensioncost|86,721|67,120|
||1,558,437|1,272,563|



||2023|2022|
|---|---|---|
||£|£|
|Employees|73|65|





## 

|angiblefixedassets||||
|---|---|---|---|
||Leasehold|Computer||
||improvement|equipment|Total|
|GroupandCharity|£|£|£|
|Cost||||
|At1April2022|1,581,384|95,932|1,677,316|
|Additions|-|49,278|49,278|
|Disposals|(927)|-|(927)|
|At31March2023|1,580,457|145,210|1,725,667|
|Depreciation||||
|At1April2022|398,173|61,662|459,835|
|Chargefortheyear|155,844|18,503|174,347|
|Disposals|(927)|—|(927)|
|At31March2023|553,090|80,165|633,255|
|Netbookvalue||||
|At31March2023|1,027,367|65,045|1,092,412|
|At31March2022|1,183,211|34,270|1,217,481|



## 

|Investments|||
|---|---|---|
||2023|2022|
|Charity|£|£|
|InvestmentinHornchurchProductionsLimited|100|100|



||Income|Expenditure|Netassets|
|---|---|---|---|
||£|£|£|
|HornchurchProductionsLimited|751,536|751,536|100|





## 

|Stocks|||
|---|---|---|
||2023|2022|
|GroupandCharity|£|£|
|Stocks|14,345|13,394|



## 

|Debtors:amountsfallingduewithinon|eyear|eyear|||
|---|---|---|---|---|
||Charity|||Group|
||2023|2022|2023|<br>2022|
||£|£|£|<br>£|
|Tradedebtors|52,351|11,875|52,351|<br>11,875|
|AmountsduefromHornchurchProductions|||||
|Limited|271,009|146,672|—|<br>—|
|Prepaymentsandaccruedincome|204,025|141,925|475,034|<br>288,597|
|Otherdebtors|6,394|5,553|6,394|<br>5,553|
||533,779|306,025|533,779|<br>306,025|



## 

|Creditors:amountsfallingduew|ithinoneyear|ithinoneyear|||
|---|---|---|---|---|
||Charity|||Group|
||2023|2022|2023|<br>2022|
||£|£|£|<br>£|
|Tradecreditors|154,955|264,193|154,955|<br>264,193|
|Accrualsanddeferredincome|708,876|546,710|708,876|<br>546,710|
|VATcontrol|15,850|4,907|15,850|<br>4,907|
|Othercreditors|65,774|41,056|65,674|<br>40,956|
||945,455|856,866|945,355|<br>856,766|



## 

||2023|2022|
|---|---|---|
|GroupandCharity|£|£|
|Duewithin1year|43,631|34,517|
|Duebetween2and5years|139,628|122,579|
|Dueinover5years|81,568|91,667|
||264,827|248,763|





## 

|Movementinfunds||||||
|---|---|---|---|---|---|
||||||At31|
||At1April||||March|
||2022|Income|Expenditure|Transfers|2023|
||£|£|£|£|£|
|Unrestrictedfunds||||||
|Generalfund|523,000|3,454,699|(3,433,960)||543,739|
|Designatedfund—QTransform|82,253|-|(35,822)||46,431|
|Designatedfund—QNext|67,712|53,427|(25,000)||96,139|
|Totalunrestrictedfunds|672,965|3,508,126|(3,494,782)|-|686,309|
|Restrictedfunds||||||
|Maintenancegrant||42,000|(42,000)|||
|Educationgrant|—|20,875|(20,875)||—|
|Essexonstage|53,669|—|(28,669)||25,000|
|Haveringchanging|250,784|335,331|(377,515)||208,600|
|TheLinburyTrust|—|30,000|(30,000)||—|
|NationalTheatreSpeakUp||23,805|(23,805)|||
|TheFoyleFoundation|—|20,000|(20,000)||—|
|Fixedassets|952,172|-|(129,894)||822,278|
|Totalrestrictedfunds|1,256,625|472,011|(672,758)||1,055,878|
|Totalfunds|1,929,590|3,980,137|(4,167,540)||1,742,187|
||||||At|
||At1April||||31March|
||2021|Income|Expenditure|Transfers|2022|
||£|£|£|£|£|
|Unrestrictedfunds||||||
|Generalfund|241,518|3,146,946|(2,715,499)|(149,965)|523,000|
|Designatedfund—QTransform|||—|82,253|82,253|
|Designatedfund—QNext||—||67,712|67,712|
|Totalunrestrictedfunds|241,518|3,146,946|(2,715,499)|—|672,965|
|Restrictedfunds||||||
|Maintenancegrant||42,000|(42,000)|||
|Educationgrant|—|20,875|(20,875)||—|
|Essexonstage|53,669|—|—||53,669|
|Haveringchanging|172,921|383,218|(305,355)||250,784|
|QNew|—||—||—|
|Fixedassets|1,082,194||(130,022)|-|952,172|
|Totalrestrictedfunds|1,308,784|446,093|(498,252)||1,256,625|
|Totalfunds|1,550,302|3,593,039|(3,213,751)||1,929,590|





## 

## 



## 

## 

||||Unrestricted||
|---|---|---|---|---|
||Restricted|Designated|General||
||funds|funds|funds|Total|
|Group|£|£|£|£|
|Fundbalancesat31March2023|||||
|arerepresentedby:|||||
|Tangiblefixedassets|822,278||270,134|1,092,412|
|Stock|—||14,345|14,345|
|Debtors|-|-|533,779|533,779|
|Cashatbank|233,600|142,570|670,836|1,047,006|
|Creditorsdueinoneyear|—|—|(945,355)|(945,355)|
||1,055,878|142,570|543,739|1,742,187|
||||Unrestricted||
||Restricted|Designated|General||
||funds|funds|funds|Total|
|Charity|£|£|£|£|
|Fundbalancesat31March2023are|||||
|representedby:|||||
|Tangiblefixedassets|822,278||270,134|1,092,412|
|Investments|-||100|100|
|Stock|—||14,345|14,345|
|Debtors|—|—|533,779|533,779|
|Cashatbank|233,600|142,570|670,836|1,047,006|
|Creditorsdueinoneyear|—|—|(945,455)|(945,455)|
||1,055,878|142,570|543,739|1,742,187|



## 



## 

## 

||||||2022|
|---|---|---|---|---|---|
|||Unrestricted|Designated|Restricted|Total|
|||funds|funds|funds|funds|
||Notes|£|£|£|£|
|Incomefrom:||||||
|Donations|1|78,559||-|78,559|
|Charitableactivities|2|2,636,531||446,093|3,082,624|
|Investmentincome|3|1,719|-|-|1,719|
|Otherincome|4|430,137|-|-|430,137|
|Total||3,146,946|-|446,093|3,593,039|
|Expenditureon:||||||
|Charitableactivities|5|2,715,499||498,252|3,213,751|
|Total||2,715,499||498,252|3,213,751|
|Netincome(expenditure)||431,447||(52,159)|379,288|
|Transfersbetweenfunds|16|(149,965)|149,965|—|—|
|Netmovementinfunds||281,482|149,965|(52,159)|379,288|
|Totalfundsbroughtforward||241,518||1,308,784|1,550,302|
|Totalfundscarriedforward||523,000|149,965|1,256,625|1,929,590|