Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
Company registration number.. 01113093
Charity number.. 266128
TRUSTEES, REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2021
ORANGE TREE THEATRE
LIMITED
(A company limited by
guarantee)
MENZIES
BRIIJA TER InlNrilN

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Company. its Trustees and advisers
Trustees. report
Independent auditor's report on the financial ststements
Statement of financial activities
7-10
11
Balance sheet
12
Statement of Cash flows
13
Notes to the financial statemonts
14-29

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS
TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 JUNE 2021
Trustees
Richard Humphreys, Chair of OTTL
Kate Ellis, Vice Chair of OTTL
Duncan Tatton-Brown, Chair of Finance Committee
Rosalind Sweeting (resigned 9 December 20201
Carolyn Backhouse
India Semper-Hughes
Harriet Vadey
Robert Lisney
Victoria Kent
Anita Arora lappointed 19 October 20201
Company registered
numbor
01113093
Charity registered number 266128
Registered office and
Prin¢ipal offi¢e
1 Glarence Street
Richrnond
Suirey
TW9 2SA
Company secretary
Hanna Streeter
Independent auditor
Menzies LLP
Chartered Accountants
Centrum House
36 Station Road
Egham
Suirey
TW20 9LF
Bankers
Royal Bank of Scotland PLC
Richmond
Surrey
TW91DF
Solicitors
Harbottle & Lewis
Hanover House
14 Hanover Square
London
W1RO8E
Page 1

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 JUNE 2021
The Directors, who act as trustees lor the purposes of charity law, have pleasure in presenting their report together with the
audited financial statements for the year ended 30 June 2021.
STRUCTURE. GOVERNANCE AND MANAGEMENT
The Orange Tree Theatie Lirnited (the Chaiityl is 8 iegisteied chaiity governed by its Article5 of Association and a
cotnpany Iirnited by guarantee. It Is headed by the Board of Directois, to which the Art15tic Directoi ICEOI and the
Executive Director of the Orange Tree Theatre report. The Finan￿ Committee, consisting of certain Board members and
the Executive Director, also reports to the Board.
The company's registration number is 1113093 and its registered charity number is 266128. The registered office is 1
claren￿ Street. Richmond. Surrey, TW9 2SA. A separate charitable limited company, the New Orange Tree Theatre
Trust. owns the freeholds of the theatre and 47 Kew Road (its rehearsal space and workshop). both of which are Cu￿entlY
leased to be used by the Gharity.
The role of the Board of Director5 IS to oversee the direction and activities of the Charity, including its policies and
procedures, to ensure that they are in accoidance with it5 charitable objects. The Board 5et5 and monitois the stiategic
direction tsf the Charity, although the Initial preparation and Implementation of any strategy is achieved through the Artistic
Director, Paul Miller, and the Executive Director, Hanna Streeter.
The Board continues to meet at least quarterly. The Board approves the annual budget after it has been examined in detail
and approved by the Finan￿ Committee. The Theatre's Heads of Departments manage their own budgets under the
supervision of the Artistic and Executive Directors. The Board receives reports from these Directors to enable them to
measure the Charity's performance against budgets and targets for the year. The Trustees review and approve any
inflation on staff salaries. Inflation is set according to ststutory levels. Regular benchmarking is carried out with Ihealres of
a similar scale. Amy increases to key managernent personnel are proposed by the Finance Committee and approved by
the Board.
The Finance Committee is chaired by Duncan Tatton-Brown and tlleets at least quartedy ahead of each Board meeting.
2020 comprised regular extraordinary finance meetings with Duncan Tatton-Brown, Richard Humphreys, the Artistic
Director ICEOI and the Executive Director due to the outbreak of the Covid-19 Pandemic. This is outlined further down in
the report.
The Board has given due consideration to the Charity Commission's published guidance on the operation of the public
benefrt requirements. The Director3 of the Orange Tree Theatre Limited gave of their time freely and received no
ernolurnents during the year. None of the Directors was reimbursed any expenses (see Note 81.
In January 2020, to further diversify our govemance, workforce and audience5 we foirned a Diversity and Inclusion Su
committee of the Btsard, comprising four Trustees," India Semper-Hughes (Chairl, Anita Arora, Carolyn Backhouse and
Victoria Kent, with a focus on the following foul areas". Governants and permanent staff diveisity," The content and
authorship of the work on stage, Diversity of freelance employees", Safety and protection for all employees. The committee
meet quarterfy, Iwo weeks in advance of each Board meeting, and now reports to the full Board at each lull Board meeting.
Induction papers covering the role and responsibilities of truslees are provided to new Directors and governance updates
are provided as required.
ACTIVITIES, OBJECTIVES AND PU8UC 8ENEFIT
The prinoipal 8Ctivity of the Charity is the operation of the Orange Tree The81re IOTI.
The chaiitable objects of the OT are principally to promote, rnaintain, improve, and advance education, patticulaily by the
production of educational plays and the encouragement of the arts.
The general aims and objectives of the OT are..
To produce theatre of a national standard throughout the year, at affordable prices
. To promote new writing and rediscoveries of neglected work
To engage with the community as widely as possible through education and participation programrnes
To encourage the development of ernerging artists
As outlined below under Achievement 8nd P8rforrnance, th8 Di18Ctois a18 satisfied that these objectives continue to be
met and satisfy the public benefit test.
Page 2

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
DESCRIPTION OF THE ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT ACHIEVEMENTS AND
PERFORMANCE
In M8r¢h 2020 the Covid-19 Glob81 Pandemic unfolded and on 16 March the theatre was forced to Close to the public. The
remaining 2020 spiing season was cancelled, a5 well 8s 811 education and p8rtiCiP8tion activity, 8nd the decision was taken
to hibernate foi a period unbl It was safe to reopen.
Several steps were taken in response to the crisis and to secure the theatre's future. Nearly all staff were furloughed via
the Job Retention Scheme until 31 October 2021. We received Iwo business grants via London Borough of Richmond
upon Thames of £25,000 and £12.500, emergency funding of £35.000 from ACE, took out a Coronavirus Business
Interruption Loan of £150,000, received a Culture Recovery Fund ICRFI award of £770.000 to cover core costs, loss of
income and reflation of reserves from November 2020 until 31st March 2021. followed by a second CRF award of
£380,000 for ￿sIS belween April 2021
June 2021, which was extended to cover the period until December 2021.
SubseqLJently. 8 third CRF giant of £230,000 has been awarded for 21122 Iinan¢ial year to ￿￿er wsts belween Novernber
2021 - F&biu8ry 2022.
78Qlo of advance ticket income was either tumed into credit or donated to our Survival Fund, rather than refunded. Survival
Fund donations for the year was £39,400. In the 21122 year this became the Recovery Fund and has raised £36,500 to
date.
During lockdown we grew our OT On Screen offer to maintain engagement with the OT and lo generate new income. We
screened the 2017 Under the Orange Tree interview with Dame Judi Dench and re-broadcast our Actors Touring Company
Co-production of Amsterdam, having had to cancel the national tour. The Mikvah P￿ject. which was in production when we
closed. was audio recorded for BBG Radio 4's Lockdown Theatre Festiv81. We hosted an online OT Extras of Jonny and
the Baptists. who gigged from an unspecified location 8S 8 '1ive from the OT,, and played lo 134+ people in their hornes.
In Auturnn 2021, when restrictions allow8d, we 18sumed in p8tson Youth Theatre and Young Company groups, Wlth lower
capacitie5 and safety protocols in place. As Tier restrictions were brought in, we moved these to online classes in
November 2020 lor the remainder of the academic year.
In January 2021, during another national lockdown, we carried out essential Maintenan￿ and safety work on the buildings
and removed the bench seating from the theatre auditorium to install a temporary socially distanced seating when
audiences were pemiitted.
We began rehearsals for digital versions of Romeo and Juliet and M8cbeth for schools. These were filrned in February by
The Umbrella Rooms and given to schools free of charge with wraparound activity, in the absence of secondary school
student5 experiencing live theatre.
In March-April 2021, we embarked on a pilot live-streaming project. Inside/Outside took place over four weeks, with six
playwrights (Sonali Bhattacharya, Deborah Bruts, Zoe Cooper, Kalungi Ssebandeke, Joel Tan and Joe White)
commissioned to write short plays lor the stage and screen. Initially conceived for live aUdIen￿S as well, the project was
adapted for screen only, and employed directors (Anna Himali Howard and Georgia Greenl, 10 actors and 10 creative
and stage freelancers. with the aim to spread several opportunities within the freelance community, who had been hit hard
by the pandemic. We partnered again with The Umbrella Rooms to capture and live stream four perforrnances of Inside
and four performances of Outside. over the month. Having Irialled different platforms and ticketing methods. we launched
our own OT on Screen streaming platforrn using Spektrix to sell tickets and hosting on the OT'S website with Brackets
Digit81. Captioned and audio described perform8nGes weie available. 1.631 people tuned in lo watch the shows live and we
look £17,987 8t the box offi¢e.
On 22nd May 2021 we reopened to the public along with many other theatres that week. With a redU￿d capacity of 70
seats140Q/o of full capacity), we opened with two short comedies by Bernard Shaw as a double bill - How He Lied To Her
Htssband and Ovenuled, both directed by Artistic Director Paul Miller. The bar remained closed and a new entrance into
the auditorium, that avoided audience bottlenecking in the intimate bar foyer, was created. This production was live
streamed and made available on demand with OT On Screen and The Umbrella Roorns as the first in our commitment to
stream all shows in the Recovery Season.
Page 3

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
To follow. we produced Last Easter by Bryony Lavery. directed by Tinkue Craig, which was in rehearsals when we dosed
the theatre in March 2020. We increased capacity to 90 seats Istill only 50.lo of full capacity) and continued lo rnandale
mask wearing in the theatre. while inlioducing a pre-oider in se81 bar service. maintaining audience safety as a priority in
our public rne558ging.
Continuing our commitment to schools, we ieimagined tsur Primary Shakespeare project in the theatre which played to
schools and some public performances. This yearfs play was Twelfth Nlght and directed by Fiona Drummond, who we
appointed through an open call.
FUTURE DEVELOPMENTS
Before the year end. we announced a new autumn 2021 season to include the JMK Award winning production. a new co-
production with ATC. 8 revivsl of Whi18 Ths Sun Shin8s snd 8 new version of Pinocchio imagined for family audiences al
Christmas. Capacity would stay distanced though allow foi inci8ased demand at 126 1700/ts of full cap8cityI. All shows
continue to be stieamed and available on dernand.
Having appointed a new Education & Participation Director, Liam Shea, we renamed the department OT Community to
encourage greater reach and impact within the community. We launched additional groups including an adult company
and parent and baby dasses, recruited additional facilitators, and plan to culminate the year with an intergenerational
festival of new work in summer 2022.
We partnered with Creative Access to recruit several Kickstart Placements funded by the Government's Kickstart Scheme,
lo offer pathways into jobs for young people ages 18-25 in receipt of Universal Credit. This will continue into early 2022.
From January 2022 we will have put the bench se8ting back into the theatre, though will wnlinue with 50ry81 distsncing
through to July 2022 or Ljntil audienc8 confidence Is back and Covid cases are Tnanageable.
Our dedicated Development Ifundraisingl team comprises Iwo full time permanent and one part time pemanent staff.
During 20121 we had an additional part time fixed term member of staff. No external fundraisers were engaged for the
period. We have a Development Committee., an active commitment from the Board with new Trustees and time allocated
by the Executive to ensure that fundraising and philanthropic giving continues at a sustainable level. There was an atlrilion
rale of 20/0 on rnemberships and donations throughout the closure period, compared with previous year's average of 5.1
attrition. We are enormously grateful to all funders and supporters who continued their support whilst the theatre was
closed.
Orange Tree The8tie 15 registered with the Fundraising Regulatoi and follows the Fundrai51ng Regulatorf5 Code of
Piactice. All of the fundraising is cairied out directly by the Charity and is not carried out by any extemal professional
fundiaiser tsr commercial participatoi. The fundraising practices of the Charity specifically protect vulnerable people and
avoid unreasonable pressure on members ol the public or intrusion into privacy. No complaints regarding fundraising
praCtI￿S or breaches of the Code of Practice were noted during the year.
We have three Trustee vacanaes, ￿v0 ol which are to be recruited from a pool of Associate Artists, which has gone
through a recruitrnent revision to ensure working artists across the industry are appointed, enabling a rnore diverse group
from which to recruit lo the full Board.
Following 8 successful pre-8ppliralion for 8 future building project which would transform the front of house 8nd audience
experience. and ac￿Ssibl11tY of the theatie. we have begun fea51bility planning for the project, with funding committed to
get us to RIBA Stage 3. At the Decernbei 2021 Board rneeting a new Building Sub-cornrnittee was set up to oversee the
project in its in(tial phase, with Hariiet Devey as chaii and Robert Lisney as a member.
Page 4

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
FINANCIAL REVIEW
The fin8nci81 resu￿ for the period is sel out on page 11. There was net inwme of £564.954 for the year after grants
received of £1,206.73312020.' net income of £153.9491. Total Funds at 30 June 2021 were £1,643,84512020". £1,078.8911.
The finallcial result for the period was in line with expectations due to combined salary sacrifices, the Government's Job
Retention Scheme, LBRUT Grants, the Culture Recovery Fund and donations to the Survival Fund.
GOING CONCERN
The outbreak of Coronavirus has severely impacted the Orange Tree Theatre's activities including. in cornmon with other
theatres. OT[ Ltd ceasing public perfonnances on 16 March 2020 in Compliance with the Government's Covid-19
Restrictions. Though having reopened to the public for seven months from 22 May 2021. and with the efforts made to
ensure the oharity's surviv81, the Direotois feel wnfident in the Executive's plans foi recovery into 2022.
The Charity had total funds of £1,643,845. After deducting amounts invested in fixed assets there was a cumulative
surplLJS on Unrestricted General Reserves, the Sustainabilty Fund and the Designated Reserve Fund of £840,406 at 30th
June 2021 12020. £291,8181. This includes fLJnding from the Cultural Recovery Fund to ensure survival throLJghoLrt the
pandemic into 21122. This is also above the target of at least £150,000. Given the total of the General Reserves, and
following a review of a budget and cashflow forecast to 30 June 2022, the Directors consider the Charity is a going concern
for at least 12 months following approval of these accounts.
DIRECTORS
The Directors who held office during the year were as follows.. Kate Ellis Ivice-chair of QTFLI. Richard Humphreys Ichair
of ortLI, Duncan T8tton-Brown (Chair of the Finance Committee). Rosalind Sweeting Iiesigned g Decernber 20201.
Carolyn Backhou5e, India Sernper-Hughes (Chair of Diver51ty and Inclusion Committee). Harriet Valley (Chair of
Developtnent Committeel, Robert Li5ney, Victoria Kent,and Anita Arora lappointed 19 October 20201. The Diiectois also
perfom the duties of charity trustees, all appointments require the approval of the Board ol Directors. The current number
of Directors is 9. Trustees are recruited through an open recruitment process or expressions of interest. Prospective
Trustees will meet with the Executive team and the Chair, before being invited to observe a meeting. The Trustees will vote
to appoint. New Trustees are sent OT policies and a description of responsibilities on induction, and offered Safeguarding
training. This applies to Associate Artists.
INFORMATION GIVEN TO AUDITOR
Each of the person5 who Is a Director at the time when this Director5. report Is approved has confirmed that so far as that
Director is aware, there is no relevant audit information of which the chaiity's auditor is unaware, and that Director has
taken all the steps that ought to have been taken as a Directoi in older to be awaie of any infom)atitsn needed by the
Charity's auditor in connection with preparing his report and to establish that the charity's auditor is aware of that
information.
RESERVES POLICY AND RISK MANAGEMENT
The Directors consider that the funds recewed each year should be fulty ulilised lo rneet the objectives of the theatre as
slated above. However. the Directors also consider that it Is desirable to hold a surplus of unrestricted funds lo meet
ongoing conliadual COTnmilments. The Directors maintain 8 Risk Register and review major iisks lo the Charity on an
annu81 basis to establish system5 and procedures to mitig8te identified risk5. Certain of these ieview5 concentrate on
specific aspects such a5 budgeting, artistic progratmrne planning, health and safety and equal opportunities. Management
accounts are ieviewed at every meeting. The Diiectois remain satisfied that the regulai iisk assessment reviews ensu
that they are able to SLrffiaently manage the risks to which the charity is exposed. The current Reserves Policy requires at
least £150,000.
Page 5

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2021
ACKNOWLEDGMENTS
The Diredors ale grateful for the continuing support of those public bodies that provide revenue support for the Ihe*re.
and to all those who have contributed to Its succe55 over the p8St yeai. This includes the Artistic and Executive Directors
and staff of the theatre, 811 our volunteers and supporteis, and all those who contribute and help to raise funds at the
Orange Tree.
BASIS OF PREPARATION
The financial staternents have been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to small entities. These statements Comply with current statutory requirements. the requirements of the
charity's governing document and the requirement of the Charities SORP IFRS 1021.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Trustees (who ale also the directors of the Company for the purposes of company lawl are responsible for preparing
the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting
Standards (United Kingdom Generally A￿pted Accounting Practicel.
Company law requires the Trustees to prepare financial statements for each financial year. Under company law, the
Trustees must not approve the finanaal statements unless they are satisfied that they give a true and fair view ol the state
of affairs of the Company and of its incoming resources and application of resources, including its income and expenditure,
for that period. In p￿parIng these financial ststemenls, the Trustees are required lo..
select 5Ultable 8CCOLJnting policies and then apply them wnsistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgtnent5 and accounting e5titnates that are ieasonable and prudent",
state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial statements,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company
will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
Company's transactions and discjose with reasonable accuracy at any time the financial position of the Company and
enable them to ensure that the financial statements cornply with the Companies Act 2006. They are also responsible for
safegLJarding the assets of the Cornpany and hence for taking ieasonable steps for the pievention and detection of fiaud
and other iriegularities.
This report has been prepared in accordance with the speual provisions of Part 15 of the Companies Act 2(￿6 relating to
small companies.
This report was approved by the Directors and signed on their behaW by..
Approved by order of the members of the board of Trustees and signed on their behalf by..
Do¢uSlgThed by..
'iYJr>XV4SèÈ¥1
Duncan Tatton.
Director
rown
Dale.. 30-Mar-2022
Page 6

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
MENZIES
BRIQHTER THINKIN
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORANGE
TREE THEATRE LIMITED
Opinion
We have aLJdited the financial 5taternents of 018nge Tree Theatre Limited Ithe'chaiitable cornp8ny'I for the year ended 30
June 2021 which cornpri5e the Staternent of financial activitie5, the Balall￿ sheet, the Statement of cash flows and the
related notes, including a summary of significant accounting poliaes. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ol Ireland, (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state ol the charitable cornpany's affairs as at 30 June 2021 and of its incorning
resources and application of resour￿5. including its income and expenditure for the year then ended..
have been properfy prepared in accordance wrth United Kingdom Generally AC￿pted Accounting Piactice,. and
have been prepared in accordance with the reqLJirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the Auditor's responsibilities for the audit ol the financial
statements section of our report. We are independent of the charitable company in accordan￿ with the ethical
requirements that are relevant to our audit of the finanaal statements in the United Kingdom, induding the Financial
Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Conclusions relating to going concern
In audrting the financi81 statements, we have concluded th8t the Trustees, Ljse of the going concern basis of accounting in
the preparation ol the finanual statements is appropriate.
8ased on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going
concem for a period ol at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant
sections ol this report.
Other information
The other information comprises the infomiation included in the Annual report other than the financial statements and our
Auditor's report thereon. The Trustees are responsible for the other information conl8ined within the Annual report. Our
opinion on the financial 518lernents does not cover the other inforrn8lion and. except lo the exlenl otherwise explicitly
stated in our report. we do not expre85 any form of assurance conclu510n thereon. Our responsibility is to lead the other
infoirnation and. In doing so, consider whether the other infortnation is materially incon51Stent with the finanaal staternents
or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we Identify such
material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a
material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that
there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Page 7

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORANGE
TREE THEATRE LIMITED
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees. report for the financial year for which the financial statements are prepared is
consistent with the financial slatemenls.
the Ttustee5' report ha5 been prepared In accordance with applicable legal requirernents.
Mattèrs on vthieh wè art rèquir•d to rèport by èxe•ption
In the light tsf our knowledge and understanding of the charitable company and its environment obtained in the course of
the audit, we have not identified material misstatements in the Trustees, report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report
to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been received from
branches not visited by us,. or
the finan081 statements are not in agreement with the acoounling records and relums.. or
certain disclosuie5 of Trustee5' r8rnuneration specified by law are not made". or
we have not re￿iVed all the information and explanations we require for our audit", or
the Trustees were not entitled to prepare the financial statements in accordan￿ with the small companies regime
and take advantage of the small companies. exernptions in preparing the Trustees, report and from the requirernent
lo prepare a Strategic report.
Responsibilities of trustees
As explain8d rnor8 fully in the Trust88s' responsibilitl8S Statement, the Truste8s Iwho are 81so the dir8ctors of the
charitable cotnpany for the purposes of cotnpany lawl are responsible for the preparation of the financial statements and
lor being satisfied that they give a true and fair view, and foi such internal control as the Trustees determine is necessary
to enable the preparation of financial statements that are free from material misststement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis
of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no
realistic alternative but lo do so.
Page 8

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORANGE
TREE THEATRE LIMITED
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free fro
material misststemenl. whether due to fraud or error. and lo issue an Auditor's report that includes our opinion.
Re8sonable assuignce is a high level of assui8nce, but is not a gu818ntee that an audit conducted in accoid8nce with
ISAS IUKI will aknays detect a material tnisstatement when it exist5. Misstaternents can arise from fraud or etror and are
considered tllateiial if, individually or in the aggregate, they could iea50nably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The
extent lo which our proTrdures are capable of detecting irregularities, including fraud is detailed below..
The Charity is subject to laws and regulations that directly affect the financial statements including financial
reporting legislation. We determined that the following laws and regulations were most significant incjuding the
Charities Act 2011, Safeguarding Vulnerable Groups Act 2006. Health and Safety legislation and employment law.
We assessed the extent of oompliance with these laws and regulations as part of our procedures on the related
rinancial statement item5.
We understood how the Charity is complying with those legal and regulatory fiatneworks by tnaking inquiries to
management and those responsible for legal and complianTr procedures. We coiroborated our inquiries through
our review of board minutes.
The engagement partner assessed whether the engagement team collectively had the appropriate competence and
capabilities to identify or recognise non-compliance with laws and regulations. The assessment did not identify any
issues in this area.
We assessed the susceptibility of the Charity's financial 5tatement5 to material rnisstatement, including how fraud rnighl
occur. We considered the opportunities and In￿￿tIveS that may exist within the organisation for fraud and identified the
greatest potential for fraud in the following areas., posting of fi8udulenl journ81 entries. aulhorisalion. prO￿8$ing, and
P8yment of fiaudulent expenses and timing of income iecognrf(ion.
Audit procedures performed by the engagement team included..
Identifying and assessing the design effectiveness of controls management has in place to prevent and detect
fraud.,
Understanding how those charged with g0Veman￿ considered and addressed the potential for override of controls
or other inappropriate influence over the financial reporting process.,
Challenging assurnptions and judgments rnade by management IN ils signrficant accounting estimates,. and
identifying and testing journ81 entries. in particul8r any journal entries posted with unusual account combinations.
Because of the inherent limitations of an audit. there is a risk th81 we will not detect all iiregulaiities, including those leading
to 8 material rni55tatetnent in the financial 5taternents 01 non-compliance with regulation. This risk inciea5es the more that
cornpliance with a law or iegulation Is removed Iiom the events and transactions reflected in the financial 5tatetnent5, as
we will be less likely to become aware of Instances of non-compliance. The iisk Is also greater regarding iiregularities
occurring due tts fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or
misrepresentation.
A further description of our responsibilities for the audit of the finanaal statements is located on the Finanaal Reporting
Council's website at.. w¥vw.frc.o
.uklauditorsres
onsibilities. This description forms part of our Auditor's report.
Page 9

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORANGE
TREE THEATRE LIMITED
Use of our report
This report is made solely to the charitable corllpany's members, as a body, in accordan￿ with Ghapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might stste lo the ch8rit8ble company's members
those mallers we are required to state to them in an Auditorfs report and for no other purpose. To the fullest extent
peirnitted by law. we do not accept or assurne responsibility to anyone other than the ch8rit8ble company and it5 mernber5,
as a body. for our audit work, for this ieport, or for the opinions we have lortned.
Do¢uSlgn•d by..
634F24D&92A4471
Janiee Matthews FCA (Senior statutory auditor)
lor and on behalf of
Menzies LLP
Chartered Accountants
Statutory Auditor
Centrum House
36 Station Road
Egharn
Surrey
TW20 9LF
Date.. 31-Mar-2022
Page 10

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2021
Unrestricted
funds
2021
Restricted
funds
2021
Total
funds
2021
Tolal
funds
2020
Note
Income from..
Donations and legacies
Charitable activities
1,372.017
88.026
3.695
67
186.650
1.558.667
88.026
3,695
67
655,421
849,953
20,795
370
Other Ir8ding adivilie5
Investments
Other income
54,038
54,038
77,598
Total incornè
1,517.843
186,650
1.704.493
1,604,137
Expenditure on..
Raising funds
Charitable activities
188,909
763,980
38,494
148,156
227,403
912,136
787,472
1,262,716
Total expenditure
952,889
186,650
1,139,539
7.450.188
Net movement in funds
564,954
564,954
753.949
Reconciliation of funds=
Total funds brought forward
Net movement in funds
1,078,891
564,954
1,078,891
564,9S4
924.942
753,949
Totsl fvnd$ ￿rrIed forward
1,643.845
1,643,845
1.078.897
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 14 to 29 form part of these financial statements.
Page11

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
REGISTERED NUMBER.. 01113093
BALANCE SHEET
AS AT 30 JUNE 2021
2021
202Q
Note
Flxed assets
Tangible assets
13
919,297
898,313
919,297
898.313
Current assets
Stocks
14
320
7,098
195,371
179,557
Debtors
15
273,072
1,048,504
Cash al bank and IN hand
1,321,896
376,026
Creditors". amounts falling due within one year
16
1597.3481
(195,448)
Net ¢urrent a¥sets
724,548
180.578
Total assets less current liabilities
1,643,845
1,078.891
Total net assets
1,643,845
7,018,891
Charity funds
Restricted funds
Unrestricted funds
17
17
1.643,845
7,078,891
Total fvnds
1.643,845
7,078.891
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
records and preparation of linanaal statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small
cornpanies regirne.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Do¢uS*Md by..
¢PY￿AY4¥dÈe4V '
Duncan Tatton.
rown
Date.. 30-Mar-2022
The notes on pages 14 to 29 ftsmi part of these financial statements.
Page 12

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2021
2021
2020
Cash flows from operating activities
Nel cash generatedllusedl in operating activitie5 INote191
776.825
141,897J
Cash flows from investing activities
Purchase of tangible fixed assets
157.8781
11,923)
Net cash used in investing activities
157.8781
11.9231
Cash inflows from new tKJrrowing
150.000
Change In cash and cash equlvalents In the year
Cash and rash equnfalenls at the beginning of the year
868.947
143,8201
179.557
223.377
Cash and cash equivalents at the end of the year (Notes 20 & 211
1,048,504
179.557
The notes on pages 14 10 29 form part of these financi81 $18lementS
Page 13

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
General inforniation
The Charity is a private cornpany limited by guarantee registered in England and Wales. The members of the
company are the Directors named on page 1. In the event of the Charity being wound up, the liability in respect of
guarantee is limited lo £1 per member of the Charity.
The 8ddress of the regi5teied office and princip81 pl8ce of busine55 is 1 Clarence Street, Richmond, Suirey, TW9
2SA.
The company's registration number is 1113093, the charity registration number is 266128.
Accounting policies
2.1 8a$is of preparation of financial ¥tstements
Th8 financial statements have been prepared in accoidanc8 with the Ch8ritie5 SORP IFRS 1021- Accounting
and Reporting by Charities." Statement of Recommended Practice applicable to charities preparing their
accounts in accoidance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 leffective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 and the Companies Act 2006.
Orange Tree Theatre Limited meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy.
2.2 Going concern
The Charity is dependent upon gr8nt5. donations and box Offi￿ receipts to enable il to continue to trade. The
pro1￿tIOnS for the Charity foi Iwelve months from the balance sheet date 85sume that such incorne will
continue to be forthcorning and Indicate that, bariing unforeseen Clrcurnstan￿s, the Charity will be able to
continue trading for the foreseeable future and meets the going concern criteiia and the financial statements
have therefore been prepared under the going con￿rn basis of accounting. The Directors work dosely with
the Artistic and Executive Directors in continuing to develop the future financial model for the theatre to restore
its own financial reserves to a level that will secure its future as a sustainable enterprise.
Page 14

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
Accounting policies Icontinuedl
2.3 Income
All income is recognised once the Company has entitlement lo the income. rt is probable that the in￿rne will
be received and the amount of income receivable can be measured reliably.
Gr8nls. donolions 8ffKI legaoy incon7e
Revenue grants that are unconditional ale recognised in the period in which they become re￿1Vable. Project
specific grants with attached conditions are recognised in the period in which the project to which they relate
occurs and matched to the associated expenditure. Donations, income raised from fundraising activities and
legacy income are accounted for on the eadier of re￿Ipt or when they become receivable, the latter based on
reasonable ￿rtainlY as to entitlement, receipt and measurement.
Fundraising Activities
Fundraising activities include a range of events and club memberships, which are recognised in the period in
which they are received.
Investment Income
Invesltnenl income is rewgnised on a receivable basis.
Incom8 from Charitab18 Activitiss
Income from theat￿ admission fees is included in income in the period In which the relevant performance
takes place.
Govemment Grants
Govemment grants received as a result of the Coronavirus Job Retention scheme are recognised as income
when the charity is entitled to the money.
Grants frorn the Arts Council Cultural Recovery Fund are recognised as income to fund the costs in the period
to which these relate.
2.4 Expenditure
Expenditure is recognised once there is a legal 01 constructive obligation to tiansler economic benefit to a
third party, it is probable that a tiansfer of economic benefits will be required in settlement and the amount of
the obligation can be measured reliably. Costs are indusive of any VAT which cannot be recovered.
Cost of raising funds are costs incurred in attracting voluntary income and fundraising activities.
The cost of charitable activities indudes those costs incurred in staging performances in the rnain theatre and
for the community and education programmes, as well as the costs of the ancillary theatre activities.
Governance costs include an eslirnale of the time Spent by the Executive Director3 on conslitulional and
stalulory requirements 8nd the associ81ed exteinal leg81 and professional fees.
Support Costs include central functions and have been allocated to activity cost categories on pioportion lo th
direct costs incuried for those 8Ctivities.
Page 15

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
Accounting policies Icontinuedl
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £250 or more are capitalised and recognised when future economic benefits are
probable and the c05t or value of the asset can be rne8sured reliably.
Tangible fixed assets are initially recognised 81 oost. After iewgnilion. under the cost model, tangible fixed
assets are measured at cost less accumulated depieciation and any accumulated impaiiment losses. All costs
incurred to bring a tangible fixed asset into its intended working condition should be included in the
measurement of cost.
Depreaation is charged so as to allocate the cost of tangible fixed assets less their residual value over their
estimated useful lives.
Depreaation is provided on the following basis..
Freehold propety
Leasehold improvements
Theatre fittings and equipment
2°/ts Straight line
20/0 Slraighl line
10°/o Slraighl line
2.6 sto¢ks
Stocks are valued at the lower of cost and net ieali58ble value after rnaking due allowance foi obsolete and
slow-moving stocks.
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is
probable that a transfer ol economic benefit will be required in settlement, and the amount of the settlement
can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it wll pay to settle the debt or the
amount it has received as adVan￿d payrnents for the goods or Servi￿S it must provide.
2.8 Financial instrument8
The Company only has fin8nci81 8ssetS and fin8ncial li8bilities of 8 kind that qualify as basic financi81
Instruments. Basic financial In5tturnents ale initially recognised 8t transaction value and subsequently
measured at their settlement value with the exception of bank loans which ale subsequently measLJred at
amortised cost using the effective interest method.
2.9 Penslons
The Company operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the Company to the fund in respect of the year.
Page 16

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
Accounting policies Icontinuedl
2.10 Fund accounting
General funds are unrestricted funds which are available for use al the discretion of the Trustees in
furtherance of the general objectives of the Company and which have not been designated for other purposes.
Designated funds comprise unrestricted funds that have been sel 85ide by the Trustees ft)r p8tb¢ul81
purposes. The aim and use of each designated fund is set out in the ntstes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or
which have been raised by the Company lor particular purposes. The costs of raising and administering such
funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to
the financial statements.
Income from donations and legacies
Unrestricted
funds
2021
Re¥tricted
fund8
2021
Totsl
funds
2021
Total
funds
202CI
Donations and other grants
Grants receivable- public funds
Fundrai51ng incotne
203,363
1,101,733
66,921
81,650
105,000
285,013
1,206,733
66,921
301, 188
268,Q46
86. 187
1.372,017
186.650
1,558,667
655.421
Total 2020
495,837
759,584
655,421
Grants re￿Ivable frorn Public Fund5 includes grants providing core funds. During the period Orange Tree The8tre
Limited received gr8nts £105,000 and £35,000 frorn London Borough of Richmond. The purpose of these giants
were to contribute to survival through the pandemic and towards the theatre's piogramme of work, access to
cultural activities and the piovision of educational and participattsry programmes.
Grants receivable indudes £930,25S 12020.. £nill from the DCMSIArts Council Cultural Recovery Fund, and
£130,114 12020 £127,992) from the Coronavirus Job Retention Scheme. Orange Tree Theatre Limited also
benefited from an interest free loan under the Coronavirus Business Interruption Loan scheme.
Of the total amounts received during the period £193,3* 12020.. £36,350) has been carried forward to the
202112022 financial year to be matched with expenditure during that period as specified by the grant providers and
£Nil12020'. £4,850) is included in the Restricted Fund and the balance in Unresliicted Funds.
Page 17

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
Analysis of income from charitsble activities
2021
202Q
Box office income
Fees and subscriptions
Anallary Theatre activrties
63,661
19,185
S,180
685.421
52. 129
172.403
88,026
849,953
Income from other trading activitie
In¢ome from fundraising events
Unr•strietèd
funds
2021
Total
funds
2021
Total
funds
2020
Fundraising
3,695
3,695
20,795
Total 2020
20.795
20. 795
Other incoming resources
Unrestricted
funds
2021
Total
funds
2021
Total
funds
202Q
Other incotne
Theatre tsx relief
172
172
1,457
76, 147
53.866
53,866
54,038
54,038
77,598
Total 2020
77,598
77,598
Page 18

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
Expenditure on raising funds
Costs of raising voluntsry income
Unrestricted
funds
2021
Re¥tricted
funds
2021
Total
funds
2021
Total
funds
202Q
Costs of raising voluntary income
Wages and salaiies
Support costs
5,065
128,859
54,985
5,065
156.149
66.189
11,866
137,046
38,560
27,290
11,204
188,909
38,494
227,403
187,472
Tot812020
165,202
22,270
187,472
Analysis of expenditure on charitable activities
Summary byfund type
Unrèstrictad
funds
2021
Rèstricted
funds
2021
Total
funds
2021
Total
funds
2020
Operation of Theatre
763,980
148,156
912,136
7,262,716
Total 2020
1,125.402
737.314
1.262, 716
Page 19

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
Analysis of expenditure by activities
Activities
undertaken
directly
2021
Support
C05tS
Total
funds
2021
Total
funds
202Q
2021
Operation of Theatre
821,685
290,451
912,136
7,262,716
Total 2020
9￿.044
309,672
1,262, 716
Analysis of direct costs
Operation of
Theatre
2021
Total
funds
2021
Total
funds
2Q20
Staff costs
Depreciation
Marketing and publicity
Costumes and disposable props
Royalties payable and cornrnissions
Box offic£ costs
452,083
36,894
20,445
41,916
9,317
24.922
12,922
23,186
452,083
36,894
20,445
41.916
9.317
24,922
12,922
23,186
709,096
42,483
52,473
40,086
35,603
39,994
33,309
Ancillary theatre activities
Access costs
621,685
621,685
953,044
Total 2020
953,044
953.044
Page 20

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
Analysis of expenditure by activities Icontinuedl
Analysis of support costs
Operation of
Theatre
2021
Total
funds
2021
Tot81
runds
2020
Staff costs
General office cA)sts
96,016
22,288
115.811
6,363
49,973
96.016
22.288
115,811
6,363
49,973
117,578
38,960
718,329
Property costs
Interest paid
Governance costs
34,805
290,451
290.451
309,672
Total 2020
309.672
309.672
10.
Audltor's remuneratlon
2021
202Q
Fees payable to the Charity's auditor for the audit of the Company's annual
accounts
11,750
11,QOO
Fees payable to the Charity's auditor in respect of..
Taxation compliance services
Accounts preparation
2,920
1,240
2. 725
1, 150
11.
Stsff costs
2021
202Q
Wages and salaries
Soaal security costs
Contribution to defined contribution pension schemes
687,479
45.556
13.619
929,725
42,014
17,293
746,654
989.Q32
Page 21

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
11.
Staff costs Icontinuedl
The average number of persons employed by the Company during the year was as follows..
2021
No.
202Q
No.
Productions- Full time
Productions- Part time
Box Office l Front of Hous8- Full tirn8
21
23
Box offi￿ l Front of House- P8rt time
Administration office- Full time
Administration office - Part time
21
19
53
51
No employee received remuneration amounting to More than £eo,000 in either year.
The remuneration and benefits received by key managernent personnel lotaled £106,629 during Ihe year12020'.
£96,081).
12.
Trustees. remuneration and expenses
During the year, no Trustees received any rernuneration or other benefits (2020- £NIL).
During the year ended 30 June 2021, no Trustee expenses have been incurred (2020- £NIL).
Page 22

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
13.
Tangible fixed assets
Long-t•rm
Freehold leasehold
property
property
Office
equlpment
Other fixed
assets
Total
Cost or valuation
At 1 July 2020
Additions
347,152 1,327,512
10,975
17,334
63,493
40,544
1,749,132
57,878
At 30 June 2021
347,152 1,327,512
28,309
104,037
1,807,010
Depreciation
At 1 July 2020
Charge for the year
171,559
6,943
609,640
26,550
10.975
58.645
3,401
850.819
36.894
At 30 June 2021
178,502
636,190
10,975
62,046
887,713
Net book value
AI 30 June 2021
168,650
691,322
17,334
41,991
919.297
At 30 June 2020
175,595
717,872
4,848
896,373
14.
Stocks
2021
202Q
Finished goods and goods for res8le
320
l.Q98
15.
Debtors
2021
2020
Due within one year
Trade debtors
33,056
125,829
114.187
20.961
t68,040
6,370
Other debtors
Prepayments and accrued income
273,072
195,371
Page 23

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
16.
Creditors: Amounts falling due within one year
2021
202Q
Bank ltsans
147.023
69.866
12,757
68,081
299,621
Tiade creditOfS
Other taxation and soci81 security
Other creditors
Accruals and deferred income
32, 791
72.574
76.249
73.834
S97,348
795,448
2021
202Q
Deferred income at 1 July 2020
Grants released to income during the year
Ticket sales released to inCOTne during the year
Grants deferred until the following ye8r
Ticket sales deferred until the following year
60,148
148,9641
111.1841
193,396
61,052
235,683
178,500)
(142,569J
36.350
71.184
254,448
60, 148
Page 24

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
17.
Statement of funds
Statement of funds- current year
Balance at 1
July 2020
Transfers 8alan¢e at 30
inlo
June 2021
Income
Expenditure
Unrestricted funds
Deslgnated funds
47. Kew Road Fund- 8sset'
53, Kew Road Fund- asset.
New Theatre Fund - asset.
Sustainability Fund - cash
Designated Reserve Fund- cash
New Artist5 Fund- cash
309,199
175,593
302,281
150,000
112,6011
16,9431
113,9491
296,598
168,650
288,332
150,000
319.281
49,859
319.281
49.859
937,073
133,4931
369,140
1,272,720
General funds
General Funds
141,818
1,517,843
1919,3961
1369,1401
371,125
Total Unrestricted funds
1,07B.891
1.517,843
1952,8891
1.643.845
Restricted funds
LBRUT
105,000
54,2SO
12,400
9,000
6,000
1105,0001
IS4,2501
112,4001
19,0001
16,0001
Education & Participation
Youth Theatre
Writers Collective
Community
186,650
1186,6501
Totsl of funds
1,078.891
1.704,493
11,139,539)
1.643.845
These assets are property assets all fundamental to fulfilling the charity's principal objectives.
Page 25

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
17.
Statement of funds Icontinuedl
Statement of funds- prior year
Balan￿ at
1 July 2019
Transfe
Balance al
An/oul 30 June 2020
InGome
Expendilu
Unrestricted funds
Deslgnated funds
47. Kew Road Fund- 8sset'
53, Kew Road Fund- asset.
New Theatre Fund - asset.
Sustainability Fund - cash
327.8QO
182,536
316,230
142,500
(12,601)
(6,943)
(13,949)
3Q9. 199
175.593
302,281
t￿,000
963,066
(33,493)
7,5QO
937.073
General funds
General Funds
(38, 124)
7,444,553
(1,257, 17 1)
17,500)
741,818
Totsl Unrestricted funds
924,942
t,444,553
(1,290,604)
1,078,891
Restricted funds
LBRUT
lo5,t￿o
54.584
1105,000)
(54,584)
Education & PartlCiP8tion
759,584
(159,584)
Totsl of fund8
924,942
7,604, 137
11,450, 188)
7,018,897
Page 26

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
17.
Statement of funds Icontinuedl
47 & 53, Kew Road Fund. asset
The theatre and the premises at 47 and 53 Kew Road form part of the charitls core infraslruclure and are
fund8ment81 to fulfilling the charity'5 principal objectives. The Directors wnsider that il is essential that these assets
are preserved and 85 8 consequence. the New Theatre Fund and the 47 and 53 Kew Road Funds were
established.
The 47 Kew Road Fund was established tsut tsf the Premises Reserve and grants from The New Orange Tree
Theatre Trust to identify the additional funds spent specifically on the building work at 47 Kew Road. It was entirely
spent in respect of the worf(s to this building. A transfer from the Fund is made each year to represent the
depreciation charge in that year.
New Theatre Fund- asset
The New Theatre Fund was established out of the reseTves of the Ch8rity. and has been entirely spent in respect of
improvements to the main theatre and 53 Kew Road.
The New Theatie FLJnd has been used to fit out and equip the Theatre and 53 Kew Road and is offset by
depreciation to date, as follows.
Cost of main theatre
Contribution to cost of 53 Kew Road
Depreciation charged to date
Transfer to 53 Kew Road Fund
697,4e1
89,830
1395.0981
75.963
302.281
Sustainability Fund cash
The Sustainability Fund was set-up with gifts from donors to assist with the ebb and flow of cashflow. The Fund is
not expected to be used for budget relief and draw down from the Fund is allowed only in circumstances, and
subject to controls. agreed by the Finance Gomrnittee.
De81gnated Reserve Fund - cash
The Designated Rèserve Fund was set-up with funding from the Arts Counal as part of their Cultural Recovery
Fund programme. These are for SLJstsinability coming out of the pandemic, are not restricted and are free to spend
in any timescale as decided by the Board.
OT New Artists Fund- cash
The OT new artists fund is a fund created to use for commissioning and artist development work.
The Restricted Funds relate to the following..
L8RUT - Income from the London Borough of Richmond applied lo cole costs and running the Ihealre. attracting
local residents and visitors to Education and Participation events.
Education and Participation
activities.
Income received from trusts to be applied towards education and participation
All of the above grants flow through Restricted Funds but as they were all fully expended during the period do not
form part of the dosing balance of these Funds.
Page 27

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
18.
Analysis of net assets between funds
Analysi¥ of net assets between funds- Current year
Unrestricted
funds
2021
Total
fund
2021
Tangible fixed assets
Current assets
Creditois due within one year
919,297
1,321,896
1597,3481
919,297
1,321.896
1597.3481
Total
1,643,845
1,643,845
Analysi$ of net a¥sets between funds- prior year
UnrgStIFCtgd
funds
2020
Totsl
funds
2L120
Tangible fixed assets
Current assets
898,313
376,026
1195,448)
898.313
376,Q26
(195.448J
Creditois due within one year
Total
1.078,891
7,078.891
19.
Reconciliation of net movement in funds to net cash flow from operating activitie#
2021
202Q
Net income for the year las per Staternent of Financial Activitiesl
564,954
153.949
Adlustments for..
Depreciation charges
Decrease in stocks
36.894
778
42,483
1.060
(46.4111
(192.978)
Increase in debtors
177,7011
254,877
12,9771
Increaselldecreasel in creditors
Finance charge on loan
Net cash provided byllused inl operating activities
776,825
(41,897J
Page 28

Docusign En¥ÈlopÈ ID". FDF8395F-62AE4FAB-8BAF-BF3651D4440E
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2021
20.
Analysis of cash and cash equivalents
2021
202Q
Cash in hand
1,048,S04
t 79,557
Total Cash and eash •quival•nt$
1,048,504
179,557
21.
Analysis of changes in net debt
Other non-
cash
changes
At 1 July
2020
At 30 June
2021
Cash flows
Cash at bank and in hand
179,557
868,947
1150,0001
1,048,504
1147,0231
Debt due within 1 year
2,977
179,557
718,947
2,977
901,481
22.
R•lat•d party transaetions
The Company has not entered into any related party transaction during the year, nor are there any outstanding
balances owing between related parties and the Company at 30 June 2021.
Page 29