Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
Company registration number: 01113093
Charity number: 266128
TRUSTEES, REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2022
ORANGE TREE THEATRE
LIMITED
(A company limited by
guarantee)
MENZIES
bRlvA Tcr% i AIlyThiiN

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
CONTENTS
Page
Reference and admlnlstratlve detalls of the Company. Its Trustees and advlsers
Trustees, report
Independent auditorts report on the financial statements
Statement of financial activities
10
Balance sheet
statement of cash flows
12
Notes to the financial statements
13-28

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
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 2022
Trust*•s
Riohard Humphreys, Chair of OTFL
Duncan Tatton-Brown, Chair of Finance Committee
Carolyn B8okhouse
India Sernper-Hughes
Harriet Varley
Robert Lisney
Victoria Kent
Anita Arora
Company registered
number
01113093
Charity règlSt•rèd numbèr 266128
R*gisi•rod officè and
Principal officè
1 Clarence Street
Richmond
Surrey
TW9 2SA
Company secretary
Hanna Streeter
Independent auditor
Menzies LLP
Chartered Accounlanls
Centrum House
36 Station Road
Egha
Surr8y
TW20 9LF
Bankars
Royal Bank of Scotland PLC
Richmond
Surrey
TW9 10F
Solicitors
Harbottle & Lewis
Hanover House
14 Hanover Square
London
W1ROBE
Page 1

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT
FOR THE YEAR ENDED 30 JUNE 2022
The Directors, who act as trustees for the purposes ol charity law, have pleasure in presenting their report together with the
audited financial statements lor the year ended 30 June 2022.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Orange Tree Theatre Limited (the Charity) is a registered charity govemed by its Articles of Association and a company
limited by guarantee. It is headed by the Board of Directors. to which the Artistic Director ICEOI and the Executive Director
of the Orange Tree Theatre report. The Finance Corllrrittee, consisting of certain Board members and the Executive
Director, also report5 to the Board.
The company's registration numb8r is 1113093 and its r8gist8r8d charity numb8r is 266128. Th8 r8gistered office is 1
Clarence Street, Richtnond, Surrey, TW9 2SA.
A separate charitable limited company, the New Orange Tree Theatre Trust, owns the freeholds of the theatre and 47 Kew
Road lits rehearsal space and workshop), both of which are currently leased tts be used by the Charity.
The role of the Board of Directors is to oversee the direction and activities ol the Charity, including its policies and
procedures, to ensure that they are in accordanTr with its charitable objects. The Board sets and monitors the strategic
direction ol the Charity, atthough the initial preparation and irnplementation of any strategy is achieved through the Artistic
Director, Paul Miller, and the Executive Director. Hanna Streeter. In January 2022, Paul Miller announced he would step
down at the end of 2022, and the Trustees began the recruitment prO￿s5 for a new Artistic Director. The Board appointed
Tom Littler, who joined the theatre in October 2022, at which time Hanna Streeter became joint CEO.
Th8 Board continu8s to rn88t at least quarterfy. The B03rd approv8S th8 annual budget after it h3s begn &x8min8d in detail
and approved by the Finance Committee. The Theatre's Heads of Department5 rnanage their own budgets under the
supervision of the Artistic and Executive Directors. The Board retsives reports from these Directors to enable them to
measure the Charity's performance against budgets and targets for the year. The Finance Committee is chal￿d by Duncan
Tatton-Brtswn and meets at least quarterly ahead of each Board meeting.
The Board has given due consideration to the Charily Commission's published guidance on the operation of the public
benefit requirements. The Directors of the Orange Tree Theatre Limited gave of their time freely and reTrived no
emoluments during the year. None of the Directors were reimbursed any expenses (see Note 81.
The Diversity and Inclusion Sub-cornmittee of the Board. chaired by India Semper-Hughes. meet quarterly to review and
progress development of the following four areas.. Govemance and permanent staff diversity.. The content and authorship of
the work on stage.. Diversity of freelance employees.. Safety and protection for all employees.
In December 2021, a new Capital RedevelopTnent committee was established to oversee the capital redevelopment of the
OT'5 front of house spa￿s, comprising regular meeting5 as required to oversee the initial phase of the project. Members
include Hariiet Devey (Chairl, Robert Lisney, the Executive Team, Developrnent & Communications Director and Teehnieal
Director.
Induction papers covering the role and responsibilities of trustees are provided to new Directors and govemance updates
are provided as required.
ACTIVITIES, OBJECTIVES ANO PU8LIC BENEFIT
The principal activity of the Charity is the operation of the Orange Tree Theatre IOTI.
The charitable objects of the OT are principally lo promote, maintain, improve, and advance education, particularly by the
production of 8ducational plays and th8 8ncouragement of the arts.
The géneral airns and objectives of th8 OT ar8..
To produce theatre of a national standard throughout the year, at affordab18 pric85
To promote new writing and rediscoveries ol neglected work
To engage with the community as widely as ptsssible through edLJcation and participation programmes
To encourage the development ol emerging artists
Page 2

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
As outlined below under Achievemenl and Performance, the Directors are satisfied that these objectives continue to be met
and satisfy the public benefit test.
DESCRIPTION OF THE ACTIVITIES UNDERTAKEN FOR THE PUBLIC BENEFIT ACHIEVEMENTS AND
PERFORMANCE
Following the period of closure due to Covid-19 pandemic. the Iheatre re-opened in May 2021 to a socially distanced
audienTr in line with Governrnent guidelines. Our first production of the financial year was the London premiere of Last
Easter by Bryony L8v8ry, directed by Tinkue Craig. which w8s in r8hearsals when we closed the theatr8 in March 2020. The
play op8ned to good revi8W5, induding a 4-star notice from Arifa Akbar in Th8 Guardi8n.
OT Extraordinary, our first fundrais8r 8V8nt since the pandemic wa5 a great 8V8nt that took place on th8 Last Eastei s8t. A
packed house wildly applauded all the great act5 who had given the services lor us, and it felt like a great way to thank and
reward our supporters whilst raising much needed funds.
In September, the winner ol the 2021 JMK Award was Diane Page, with Athol Fugard's Statements After an Arrest Under
the Immorality Act, and she directed a line show, with sensitive perfom)ances from the actors and a striking design. This
followed with our production of Rice by Asian Australian playwright Michele Lee, directed by Matthew Xia in a co-production
with Actors Touring Company, which toured nationally after its UK premiere at the OT.
In November we revived While The Sun Shines by Terrance Rattigan, directed by Paul Miller which played over Christmas
into January, while our Community family show Pinocchio played in the daytime on the top of the set.
In J8nLJ8ry 2022 we had a short 2-w89k programming break to remov8 the t8rnpor8ry distanced seating in the auditoriurn
and reinstall the fixed bench seating to increase capacity. Audiences remained cautious for this peiiod.
We then produced a full-length version of Sonali Bhattachawa's political and witty Two Billion Beats, which had featured as
a 15-minute short in Outside, the live-streamed short plays in March 2021. This was directed by Nimmo Ismail.
In March 2022 we opened Tom Fool by Franz Xaver Kroetz, directed by Diyan Zora. A scrupulous and exTrllently achieved
production, perfectly acted.
Pamela Carter's play The Misfortune of the English. directed by Oscar Toeman, opened to good reviews in April 2022, a
striking production of a highly unusual play, wth terrific perforrnances.
The final production of the year was The False Servant by Pierre Marivaux. translated by Martin Crimp and directed by Paul
Miller. This was originally scheduled for 2020 when we closed for the p8nderni¢. An exception8lly good cornp8ny made
great work of this complex French classic.
All productions were live streamed and made available on demand, via OT On Screen, in collaboration with The Umbrella
Rooms.
Continuing our commitment to schools, our Shakespeare for schools project played this year to a mixture ol primary and
secondary schools in the theatre, with workshops to accompany the performances. This yearfs play was A Midsummer
Night's Dream and directed by Fiona Drummond.
The year culminated in a ￿lebratiOn of our youth and community groups, in an intergenerational festival event called Seven
Celebrations. Director Jen Bakst conceived the basis for the event. knitting together all the groups, wants and instincts into
a cohesive whole that didn't iron out anyone's individuality.
Covid w88 pres8nt throughout th8 whole year and unfortunately, w8 had to cancel perforrmances from every run due to
cornpany illnéss, meaning that, combined with lower capacit185, box office w8s down in comparison to pre-pand8mic years.
The generous increase on our Theatre Tax Relief clairn made up for sorne of thi5 shortfall, as w811 as the deferririg of part of
our CRF 3 lunds in accordance with ACE'S terrns. We therefore saw increased grant and ThR income compared with pi8-
pandemic years.
Page 3

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
FUTURE DEVELOPMENTS
efore the year end we announced a new Autumn 2022 season and the final programme ol outgoing Artistic Director Paul
Miller lo include a new production of Yellowrnan by Dael Orlandersmith, directed by Diane Page., the next JMK Award
winning production,. Paul Miller's final production at the OT, Arms and The Man by Bernard Shaw.. a revival of Two Billion
Beats by Sonali Bhattacharya. directed by Nimmo Ismail. and Grim Brenda, a new play by Ross Willis . developed wilh and
directed by Ned Bennett.
Our d8dicat8d D8velopm8nt Ifundraisingl t88m cornpri5es two full time permanent and one part time p8rm8nent staff. No
external fundrais8rs w8r8 engaged for th8 period. We hav8 8 D8v8lopment Committee,. an 8CtiV8 coniniitment from th&
Board with new Trustees and b"rn8 allocated by the Executive to ensur8 that fundraising and philanthropic giving continues
at a sustainablB 18v81. We ar8 In th8 proc8ss of recruiting a n8w Dev81opm8nt Board to support and grow fundraising
moving forward.
We are in the process of recruiting three new Trustees, following an open application process and meetings. Four Trustees
ol the Board are recruited from a pool ol Associate Artists at any one time. One ol the new Trustees will be a new Chair and
one will be a new Chair ol the Finance Committee.
Following a successful pre-application lor a future building project which would transfomi the front of house and audience
experien￿, and ac￿ssIbIlIty of the theatre. we have begun feasibility planning for the project, with funding committed to get
us to RIBA Stage 3. Once our planning application has been subrllitted we will begin a fundraising strategy which could take
2-3 years.
FINANCIAL REVIEW
The financial result for the period is set out on page 12. There was net expenditure of £20,185 for the year12021.' net
income of £564,9541. Total Funds at 30 June 2022 were 21,623,66012021." £1,643,845). The financial result ft)r the period
was in line with expectations due lo combined salary sacrifices, the Government's Job Retention Scheme, LBRUT Grants,
the Culture Recovery Fund, ongoing support from regular funders and donations to the Survival Fund.
GOING CONCERN
The outbreak of Coronavirus has severely impacted the Orange Tree Theatre's activities including. in common with other
theatres, OTT Ltd ceasing public performances on 16 March 2020 in cornpliance with the Government's Covid-19
Restrictions. Though having reopened to the public on 22 May 2021. and with the efforts made to ensure the charity's
survival. the Directors feel wnfident in the Executive's plans for recovery into 2023.
The Charity had a cumulative surplus of Unrestricted Gener81 Reserves, including the Sustainability Fund, of £825,444 at
30th June 2022 12021.. £840,406). This is above the target of at least £150,000. Given the total of the General Reserves,
and following a review of a budget and ca5hflow foreeast to 30 June 2023, the Direetors eonsider the Charity is a going
eoneern for at least 12 months following appr()val of these aeeounts.
DIRECTORS
The Directors who held Offi￿ during the year were as follows.. Kate Ellis (resigned 8 December 20211, Richard Humphreys
Ichair ol OTTLI, Duncan Tatton-Brown (Chair of the Finance Commilteel, Carolyn Backhouse. India Semper-Hughes (Chair
of Diversity and Inclusion Committee). Harriet Devey (Chair ol Capital Redevelopment Cornmitlee & Development
Committee). Robert Lisney. Victoria Kent, Anita Arora. The Directors also perform the duties of charity trustees.. all
appointments require the approval ol the Board of Directors. The current number of Directors is 8.
INFORMATION GIVEN TO AUDITOR
Each of the persons who 15 a Director at the time when this Director5, report is approv8d has confirmed that so far as that
Director is awar8, th8r8 is no relevant audit infomiation of which th8 charity's auditor Is unawar8, and that Director has taken
all the step5 that ought to have been taken as a Director in order to be aware of any inlortnation needed by the Charity's
auditor in connection with preparing his report and to establish that the charity's audittsr is aware of that Infomats"on.
Page4

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2022
RESERVES POLICY AND RISK MANAGEMENT
The Directors consider that the funds received each year should be fully utilised to meet the objectives of the theatre as
stated above. However, the Directors also consider that it is desirable to hold a surplus ol unrestricted funds to meet
ongoing contractual commitments. The Directors maintain a Risk Register and review major risks to the Charity on an
annual basis to establish systems and procedures to mitigate identified risks. Certain of these reviews concentrate on
specific aspects such as budgeting. artistic programme planning. health and safety and equal opportunities. Management
accounts and ¢ashflow are reviewed at every meeting. The DIre￿Or$ rem8in satish'ed that the regular risk 8ssessrnent
reviews ensur8 that they are able to sufficiently rManag8 th8 risks to which the charity is 8xposed. Th8 current Reserves
Policy r8quir85 at l&a5t £150,000.
BASIS OF PREPARATION
The financial statements have been prepared in accordance with the special provisions of Part 15 01 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 ol the Charities SORP IFRS 1021.
ACKNOWLEDGMENTS
The Directors are grateful for the continuing support of those public bodies that provide revenue support for the theatre, and
to all those who have contributed to its success over the past year. This includes the Artistic and Executive Directors and
staff of the theatre, all our volunteers and supporters, and all those who contribute and help to raise funds at the Orange
Tree.
This report was 8pproved by the Directors and signed on th8ir behalf by..
Approved by order of the rn8tnb8rs of the board of Trustees and sign8d on th8ir behalf by..
Do¢uS*Md by..
'rpy3riAp41bbr4cr"
Duncan Tatton-Brown
Director
Date".
14-Feb-2023
Page 5

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
MENZIES
BRIGHTER THINKING
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORANGE
TREE THEATRE LIMITED
Oplnlon
We have audiled the financial statements of Orange Tree Theatre Limited (the 'charitable company'l for the year ended 30
June 2022 which comprise the Statement of financial activities. the Balance sheet. the Statement ol cash flows and the
related notes. including a summary of significant accounting policies. The financial reporting framework that has been
applied in their preparation is applic8ble law and United Kingdom Accounting Stand2rds, including Financial Reporting
st8ndard 102 'The Financial Reporting Standard 8pplicAble in th8 UK and R8public of Ir818nd' (United Kingdom G8ner8lly
Acc8Pt8d Accounting PractiC81.
In our opinion the financial statements..
give a true and fair view of the state of the ch8rit8ble company's affsirs as 8t 30 June 2022 and of its incorming
r8sources and application of resoLJrces, inclLJding its incotne and expenditure lor the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and
have been prepared in accordan￿ with the requirements of the Cornpanies Act 2006.
Basls for oplnlon
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 lor the audit ol the financial
statements section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the United Kingdom. including 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 goin9 concern
In auditing the financial statetnents, we hav8 concluded that the Truste85' Use of the going concern basis of accounting in
the preparation of the financi31 statements is appropriate.
Based on the work we have performed, we have not identified any material uneertainties relating to events or conditions
that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going
eoneern for a period of at least twelve months from when the financial statements are authorised lor issue.
OLJr responsibilities and the responsibilities ol the Trustees with respect to going concern are described in the relevant
sections ol this report.
Other Informatlon
The other informaiion comprises the information included in the Annual report oiher than the financial statements and our
Audilorfs report Ihereon. The Trustees are responsible for the other information contained within the Annual report. Our
opinion on the financial staternents does not cover the other information and, except to the extent othetwise explicitly stated
in our report. we do not express any fomi of assurance conclusion thereon. Our responsibility is to read the other
inforrnation and, in doing so. consider whether the other inforrnation is malerially inconsistent with the financial staterrents
or our knowledge obtained in the COLJrse of the audit. or otherwise appears to be materially misst8ted. If we identify SLJ¢h
material inconsistencies or apparent material rnisstatements, w8 ale requir8d to deterrnine whether this gives ris8 to
material misstat8ni8nt in the Iin8nci81 st8tem&nts themselves. If, b8s8d on th8 work we hav& p8rformed, w8 condude that
there is a tnat81ial mi55tat8rn8nt of this other inforrnatlon, W8 ar8 required to report that fact.
W8 hav8 nothing to report in this r8gard.
Page 6

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORANGE
TREE THEATRE LIMITED (CONTINUED)
Oplnlon on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course ol 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 statements.
the Trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are requlred to report by exceptlon
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of ihe
audit, we have not identified material misstatements in the Trustees, report.
We have nothing to report in respect of the following rnatters in relation to which Companies Act 2006 requires us to report
to you rf, in our opinion..
adequaie accounting records have not been kept, or retums adequate for our audit have not been re￿iVed from
branches not visited by us., or
the financial statements are not in agreernent with the accounting records and returns- 01
certain disclosures ol Trustees. remuneration specified by law are not made", or
we have not received all the inlomation and explanations we require for our audit., or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime
and tske advantage of the small companies, exemptions in preparing the Trustees, report and frorll the requirernent
to prepare a Strgtegio report.
Responsibilities of trustees
As explained more fully in the Trust8es' r8sponsibiliti85 Statement. the Trust88s (who 8r8 also the directors of th8 charitab18
cornpany for the purposes of company lawl are r85ponsible for the preparation of th8 financial statements and for b&ing
satisf18d that they giv8 a true and fair view, and for such Int8mal control as th8 Trustees d8termin8 is n8c8ssary to 8nable
the preparation of financial 5tat8n18nt5 that a18 free frorn material tnisstatement, wh8thei due to fraud or error.
In preparing the linaneial statements, the Trustees are responsible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable, malters relaled to going concem and using the going concem basis
of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no
realistic alternative but to do so.
Page 7

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORANGE
TREE THEATRE LIMITED (CONTINUED)
Audltorfs responslbllltles for the au(Ilt of the finanelal statements
Our objectives are to obtain reasonable assuran￿ about whether the financial statements as a whole are free from material
misstatement, whether due to fraud or error, and to issue an Auditorts report that includes our opinion. Reasonable
assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will
always delecl a material misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions ol users
taken on the basis of these financial statements.
Irregularities. including fraud. are instan￿5 of non-cornpliance with18ws and regulations. We design procedures in line with
our responsibilities. outlined above, to detect material misstatements in respect of irregularities, including fraud. The exient
to which our procedures are oap3ble of detecting irregLJlarities, including fraud is detailed below..
The Charity is subject to laws and regulations that directly affect the financial statements including financial
reporting legislation. We detertnined that the following laws and regulations were m05t significant including the
Charities Aet 2011, Safeguarding Vulnerable Groups Aet 2006, Health and Safety legislation and employment law.
We assessed the extent of compliance wilh these laws and regulations as part of our procedures on the related
rinancial stalement ilems.
We understood how the Charity is complying with those legal and regulatory frameworks by making inquiries to
management and those responsible for legal and Complian￿ procedures. We corroborated our inquiries through
our review ol board minutes.
The engagement partner assessed whether the engagement team collectively had the appropriate C0rnpeten￿ and
capabilities to identify or recognise non-cornpliance with laws and regulations. The assessment did not identify any
issues in this area.
We assessed the SuS￿ptIbIlity of the Charity's fin8nci81 statements to material misstatement. including how fraud might
oocur. We consid8red the opportunities and incentives that may exist within th8 organisation for fraud and identified the
greatest potential for fraud in the following are8s,' posb.ng of fraudulent joumal entri85, auth0ri58tion, proc8ssing, and
payment of fraudulent expenses and timing of Income recognition.
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 govemance considered and addressed the potential for override of controls
or other inappropriate influence over the financial reporting pro￿$S.,
Challenging assumptions and judgments made by management in its significant accounting estimates., and
identifying and testing journal entries, in particular any joumal entries posted with unusual account cornbinations.
Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading
to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that
compliance with a law or regulation is removed from the events and transactions reflected in the financial ststements, as we
will be less likely to becorne aware of instsnoes of non-compliance. The risk is also greater rggarding irregularities
ocourring due to fraud rather than error, as fraud involves intentional concgalment, forgery, Gollusion, orni55ion or
misrepiesentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at." www.frc.or
.uklauditoisres
onsibilities. This description foims part of our Audito¢s report.
Page 8

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ORANGE
TREE THEATRE LIMITED (CONTINUED)
Use of our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 01 Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state lo the charitable company's members
those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent
pemiitted by law, we do not accept or assume responsibility lo anyone other Ihan the charitable company and ils members,
as a body. for our audit work. for this report, or for the opinions we have formed.
Janice Matthews FCA (Senior statutory auditor)
for and on behalf of
Menzies LLP
Chartered Accountants
Statutory Auditor
Centrum House
36 Stztion Road
Egham
Surrey
TW20 9LF
14-Feb-2023
Date..
Page 9

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2022
Unr85tricted
fund5
2022
Restricted
funds
2022
Total
funds
2022
Total
funds
2021
Not•
Income from:
Donations and legacies
Charitable activities
775,052
582,725
6,655
272
136,600
911,652
582,725
6,655
272
1,558.667
88,026
5,695
67
Other trading activities
Investments
Other incorne
258,786
258,786
54.038
Total Incom8
1,623,490
136,600
1,760,090
1, 704,493
Expenditure on=
Raising funds
Charitable activities
184,085
1,459,590
4,680
131,920
188,765
1.591,510
227.403
912, 136
Total expenditure
1,643,675
136,600
1,780,275
1, 139,539
Net movement in funds
120,1851
120,1851
564,954
Reconciliation of funds..
Total funds brought forward
Net movement in funds
1,643,845
120,1851
1,643,845
120,1851
1,078,891
564,954
Total funds carried forwar(I
1,623,660
1,623,660
1,643.845
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 13 to 28 form part of these financial statements.
Page 10

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
REGISTERED NUMBER: 01113093
BALANCE SHEET
AS AT 30 JUNE 2022
2022
2021
Note
Fixed assets
Tangible assets
13
885,341
919,297
885,341
919,297
Current a85ets
Stocks
14
2,528
365,207
734.091
320
Debtors
15
273,073
1,048,503
Cash at bank and in hand
1,101,826
1,321,896
Creditors.. amounts falling due within one year
16
1363,5071
(597,348)
Net eurrent assets
738,319
724,548
Total assets less current liabilities
1,623,660
1,643.845
Total net assets
1,623,660
1,645,845
Charity funds
Restricted funds
Unrestricted funds
17
17
1.623,660
1,643,845
Totsl funds
1,623,660
1,643.845
The Ttustees acknowledge their responsibilities for complying with the requirements of the Act with respect to aeeounting
reeords and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small
companies regime.
The financial statements were approved and aulhorised lor issue by the Trustees and signed on their behalf by..
Do¢uS*n•d by..
rown
Date..
14-Feb-2023
The notes on pages 13 to 28 form part of these financial statements.
Page11

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2022
2022
2021
Not8
Cash flows from operating activities
Net cash generatedllusedl in operating activities INote191
19
1282.5521
7T6,825
Cash flows from invesling acti¥itl85
Purchase of tangible fixed assets
13
{11.8611
(57.878)
Net cash used in investing activities
111,8611
157,8781
Cash inflows from new borrowng
Repayments of borrowing
150,000
120.0001
Change In cash and cash equlvalents In the year
1314,4131
868,947
Cash and cash 8quiva18nts at th8 beginning of th8 y8ar
1,048.504
7 19,557
Cash and cash equivalents at the end of the year
20
734,091
7,048.504
The notes on pages 13 to 28 form part of these fin8nci81 ststements
Page 12

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
General Infomiatlon
The Charity is a private company 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 to £1 per member of the Charity.
The address of the registered office and principal place of business is 1 Clarence Slreet, Richmond, Surrey. TW9
2SA.
The wmpany's registration number is 1113093, the charity registr8tion number is 266128.
A¢¢ounting policies
2.1 Basls of pr•paratlon of flnaneoal stat•m•nts
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021 Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance 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 olherwise stated in the relevant accounting
policy.
2.2 Going concern
Th8 Charity is d8pendent upon grants, donations and box office receipts to enable it to continLJ8 to tr8de. The
projections for th8 Charity for tW81v8 months frorm the balance sh88t date assume that such income will
contlnU8 to be forthcotming and Indicat8 that, barring unfor8se8n circurnstanc85, th8 Charity will be abl8 to
continue trading for the foreseeable future and rneets the going concern criteria and the financial 5taternents
have therefore been prepared under the going concern basi5 of accounting. The Directors work closely with the
Artistic and Executive Directors in continuing to develop the future financial model f(>r the theatre t(> restore its
own financial reserves to a level that will secure its future as a sustainable enterprise.
Page 13

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting polieies Icontinuedl
2.3 Income
l income is recognised once the Company has entitlement to the income, it is probable that the income will be
received and the amount of income receivable can be measured reliably.
Grants, donations and legacy inGome
Revenue grants that are unconditional are recognised in the period in which they become receivable. Project
specific grants with attached conditions are recognised in the period in which the project to which they relate
occurs and matched lo the associated expenditure. Donations. income raised from fundraising activities and
legacy income are accounted for on the earlier of re￿Ipl or when they become receivable, the latter based on
reasonable certainty as to entitlement, receipt and measurement.
Fundr8ising Adivilies
Fundraising activities include a range of events and club memberships, which are recognised in the period in
which they are received.
Investment Income
Investment income is reeognised on a receivable basis.
Income from Charitable Actffvities
Income from theatre admission fees is included in income in the period in which the relevant performance takes
place.
Government G￿nIS
Grants from the Arts Counal Cultural Recovery Fund are recognised as income lo fund the costs in the period
to which these relate.
2.4 Expenditure
Expenditure is recognised once there is a legal or oonstru¢tive obligation tc) transfer economic benefit to 8 third
party. it is probable that a transfer of economic benefits will be required in settlernent and the amount of the
obligation can be measured reliably. Costs are inclusive of any VAT which cannot be rewvered.
Cost of raising funds are costs ineurred in attracting voluntary income and fundraising activities.
The cost of charitable activities includes those costs incurred in staging performances in the main theatre and
for the community and education programmes, as well as the costs tsf the ancillary theatre activities.
Governance costs include an estimate of the time spent by the Executive Directors on constitutional and
slalutory requirements and the associated external legal and professional fees.
Support costs include central functions and have been allocated to activity cost categories on proportion to the
direct costs incurred for those activities.
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 cost or value of the asset can be rneasured reliably.
Tangible fixed assets are initially recognised at cost. After recognition. under the cost model. tsngible fixed
85set5 are measured at cost less accumulated depreciation and any accumulated impairment losses. All wsts
incurred to bring a tangible fixed 8sset into its intended working condition should be included in the
measurement of cost.
Page 14

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting polieies Icontinuedl
2.5 Tanglble flxed assets and depreclatlon Icontlnuedl
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their
estimated useful lives.
Depreciation is provided on the following basis..
Freehold property
Leasehold improvements
Office equipment
Theatre fitb'ngs and equipment
2¥. Straight line
2 /. Straight line
10 /. Straight line
10°A Straight line
2.6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowan¢9 for obsolete and
slow-moving stocks.
2.7 Liabiliti85 and provision$
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is
piobable that a transfer of economic benefit will be ￿qUired in setuement, and the amount of the settlement
can be estimated reliably.
Liabilities are recognised at the amount that the Company antiupates it will pay to setue the debt or the amount
it has received as advantsd payments for the gcods or services it must provide.
2.8 Flnanclal Instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
rneasured at their settlement value with the ex￿ptIOn of bank loans which are subsequently measured at
amortised cost using the effective interest method.
2.9 Pensions
The Company operates a defined contribution pension scherne and the pension ch8rge represents the
amounts payable by the Company to the fund in respect of the year.
2.10 Fund a¢¢ounting
General funds are unr95trioted funds whiGh are avail8blg for use at the discr8tion of the Trust885 in furtherance
of the general objectives of the Company and which have not been designated for other purposes.
Designated funds cotnpiise unrestricted funds that have been set aside by the Ttustees for particular purposes.
The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordants with specific restrictions imposed by donors or
which have been raised by the Company for particular purposes. The costs of raising and administering such
funds are charged against the specific fund. The aim and use ol each restricted fund is set out in the notes to
the financial statements.
Page 15

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Income from donatlons and legacles
Unrestrlcted
funds
2022
Restrlcted
funds
2022
Total
funds
2022
Total
funds
2021
Don8tions and other gr8nts
Grants receivable public funds
Fundraising income
101,683
579.534
93,835
31,600
105,000
133,283
684,534
93,835
285,013
1,2Q6. 733
66,921
775,052
136.600
911.652
1,558,667
Total 2021
7,372.Q17
186.650
1,558,667
Giants receivable from Public Funds includes grants providing core funds. During the period Orange Tree Theat
Limited rèceived a grant of £105,000 12021.. £105,000) from London Borough of Richmond. The purpose ol this
grant was to contribute to survival through the pandemic and towards the theatre's programme ol work, access to
cultural activities and the provision tsf educational and participatory programmes.
Grants re￿1vable includes £450,85612021'. £930,256) from the DCMSIArts Council Cultural Recovery Fund, and
£Nil 12021.. £130,114) 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 re￿iVed during Ihe period £4,00012021.. £193,396) has been carried forward to the 202212023
rinanoial year to be matched with expenditure during that period as specified by the grant providers and £Nil12021'.
£Nill is included in the Restricted Fund and the balance in Unrestricted Funds.
Page 16

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Analysls of Income from charltable actlvltles
2022
2021
ox Offi￿ income
Fees and subscriptions
Ancillary Theatre activities
443,043
56,501
33.573
65,661
19, 185
5, 180
533,117
88.026
Ineomè from oth•r tradlng aetlvltlas
Incom8 from fundralslng av•nts
Unrèstrlcted
funds
2022
Total
funds
2022
Total
funds
2021
Fundraising
6,655
6,655
3,695
Total 2021
3,695
3,695
Other incoming resources
Unrestricted
funds
2022
Total
funds
2022
Total
funds
2021
Other income
805
805
172
Theatre tax relief
257,981
257,981
53,866
258,786
258,786
54,038
Total 2021
54,038
54,038
Page 17

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Expendlture on ralslng funds
Costs of ralslng voluntary Income
Unrestrlcted
funds
2022
Restrlcted
funds
2022
Total
funds
2022
Total
funds
2021
Costs of raising voluntary income
Wages and salaries
Support costs
4.152
116,080
63,853
4,152
120,760
63,853
5.065
156, 149
66, 189
4,680
184.085
4.680
188,765
227.403
Totèl 2021
188,909
38,494
227,4Q3
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2022
Restricted
fund5
2022
Total
2022
Total
2021
Operation of Theatre
1,459,5
131,920
1,591.510
912, 136
Total 2021
763.980
148. 156
912, 736
Page 18

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Analysls of expendlture by actlvltles
Actlvltles
undertaken
directly
2022
Support
costs
2022
Total
funds
2022
Total
funds
2021
Operation of Theatre
1.195.522
395.988
1,591,510
912. 136
Total 2021
621.685
290,451
972, t36
Analysls of dlrect costs
Operation of
Theatre
2022
Total
funds
2022
Total
funds
2021
Staff costs
Depreciation
Marketing and publicity
Costumes and disposable props
Roy8lti8s payabl8 and commissions
Box office costs
Ancillary theatre activities
A¢￿$$ costs
859.871
49,335
53,693
108,083
26,782
20.952
31,265
45,541
859,871
49,335
53,693
108.083
26.782
20,952
31.265
45,541
452.083
56.594
20,445
41,916
9,317
24.922
12.922
25, 186
1,195.522
1,195.522
621.685
Total 2021
621,685
627,685
Page 19

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Analysls of expendlture by actlvltles Icontlnuedl
Analysls of support costs
Operatlon of
Theatre
2022
Total
funds
2022
Total
funds
2021
Staff costs
153,454
82,418
127,566
7,622
24.928
153,454
82,418
127.566
7.622
24,928
96,016
22,288
715,811
6,363
49.973
General office costs
Property costs
Interest paid
Govemance costs
395,988
395.988
290,457
Total 2021
290,457
290,451
10.
Audltorfs remuneratlon
2022
2021
Fees payable to the Charity's auditor for the audit of the Cornpany's annual
accounts
12,575
11.750
Fees payable to the Charity's auditor in respect of..
Taxation compliance services
Accounts preparation
3.100
1,325
2,920
1,240
staff costs
2022
2021
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
1,088,759
53.442
20,136
687,479
45,556
13,619
1,162,337
746,654
Page 20

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Staff costs Icontlnuedl
The average number of persons employed by the Company during the year was as follows".
2022
No.
2021
No.
Productions- Full time
Productions- Part lime
x Office l Frc)nt of House- Full time
Box Office l Front of House- Part time
18
21
14
21
AdTninistration office- Full time
Administration office- Part time
46
53
No employee received remuneration amounting to more than £60,000 in either year.
The remuneration and benefits received by key management personnel totaled £115,471 during the year12021..
£106,629).
12.
Twstees. remuneration and expenses
During the year. no Trustees received any remuneration or other benefits (2021- £NIL).
During the year ended 30 June 2022, no Trustee expenses have been incurred {2021- £NILJ.
Page 21

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
13.
Tanglble flxed assets
Long-term
leasehold
property
Theatre
fittings and
equipment
Freehold
property
Offi¢e
equipment
Total
Cost or valuatlon
At 1 July 2021
Additions
347.152
1.327,512
28.307
8,208
104,037
3,653
1.807,008
11,861
At 30 June 2022
347,152
1,327,512
36,515
107,690
1.818,869
Depreciation
Al 1 July 2021
Charge for the year
178,500
6.944
636,190
26,548
10,975
6.956
62,046
5,369
887,711
45.817
AI 30 June 2022
185,444
662,738
17,931
67,415
933,528
Net book value
At 30 June 2022
161.708
664,774
18.584
40,275
885,341
At 30 June 2021
168,652
691,322
17,332
41,991
919,297
14.
sto¢ks
2022
2021
Finished goods and goods for resale
2,528
320
15.
Debtor$
2022
2021
Due within one year
Trade debtors
7,927
303.331
53,949
33,056
125,830
114. 187
oth8r debtor5
Prep8yments and accrued income
365,207
275,073
Page 22

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
16.
Credltors.. Amounts falllng due wlthln one year
2022
2021
Bank loans
Trade creditors
Other taxation and social security
Other creditors
Acciuals and d8f8rr8d incom8
130.000
86.257
15.574
23.018
108.658
147.023
69.566
12,757
68,081
299,621
363,507
597.348
2022
2021
Deferred incorne at 1 July 2021
Grants released lo income during the year
Ticket sales released to income during the year
Giants defeired until the following year
Tid(et sales deferred until the following year
254,448
1193,3961
161.0521
4.000
2,961
60, 148
(48,964)
(11, 184)
793,396
61,052
6.961
254.448
Page 23

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
17.
Statement of funds
Statement of fun(Is - eurrent year
Balance at 1
July 2021
Balance at 30
June 2022
Income
Expendlture
Unrestricted funds
Designated funds
47, Kew Road Fund- asset.
53, K8w Road Fund- ass8t"
New Theatre Fund- asset.
296.598
168.650
288,332
150,000
319,281
49,859
112.6001
16.9441
113,9491
283.998
161,706
274,383
150,000
319,281
49,859
Sustainability Fund- cash
Designated Reserve Fund- cash
New Artists Fund - cash
1,272,720
133.4931
1.239,227
General funds
General Funds
371,125
1.623,490
11,610.1821
384,433
Total Unrestricted funds
1.643.845
1.623,490
11,643.6751
1.623.660
Restricted funds
Garrick Charitable Trust
Heathrow Community Fund
Hampton Fund
Noel Coward Foundation
4,000
600
18,000
3,000
6,000
105,000
14,0001
16001
118.0001
13,0001
16.0001
1105,0001
Haskel Family Foundtion
LBRUT
136,600
1136.600
Total of funds
1,643,845
1,760,090
{1,780.2751
1.623,660
Thes8 a558ts ar8 prop8rty 8SS8ts all fundarn8ntal to fulfilling th8 charity's principal obj8ctiV85.
Page 24

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
17.
Statement of funds leontlnuedl
Statement of fun(Is - prlor year
Balance at
l July 2020
Transfers
Balance at
in/out 30 June 2021
Income
Expenditure
Unrestricted funds
Designated funds
47, Kew Road Fund- asset.
53, K8w Road Fund- ass8t"
New Theatre Fund- asset.
309, 1g9
175,593
302,281
150,OQO
(12,601)
(6,943)
{13.949)
296,598
768,650
288.332
750,000
319,281
49,859
Sustainability Fund- cash
Designated Reserve Fund- cash
New Artists Fund - cash
3t9,281
49,859
937,073
(33,493)
369, 140
1,272. T20
General funds
General Funds
147,878
7,577,843
1919,396)
(369, 740}
311, 125
Total Unrestricted funds
1,078,891
1,517,843
1952,889)
1,643,845
Restricted funds
Garrick Charitable Trust
Heathrow Community Fund
LBRUT
Writers Collective
lQ5,QOO
54,250
12,400
g,QOO
6,QOO
(105,OOQ)
(54,250)
(12,400)
(9,OOOJ
(6,000)
Community
186,650
(186,650)
Total of funds
1,078,891
7, 7(M,493
(1, 139,539)
1,643,845
Page 25

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
17.
Statement of funds leontlnuedl
47 & 53. Kèw Road Fund- assot
The theatre and the premises at 47 and 53 Kew Road form part ol the charity's core infrastructure and are
fundamental to fulfilling the charity's principal objectives. The Directors consider that it is essential that these assets
are preserved and as a consequence, the New Theatre Fund and the 47 and $3 Kew Road Funds were established.
The 47 Kew Road Fund was established out of the Premises Reserve and grants from The New Orange Tree
Theatre Trust lo identify the additional funds spent specifically on the building work at 47 Kew Road. It was entirely
spent in respect of the works to this building. A transfer from the Fund is m8de each year lo represent the
depreciation ch8rge in that year.
New Theatre Fund- asset
The New Theatre Fund was established out of the res8rv8s of th8 Charity, and has b88n 8nti181y sp8nt in resp8Ct of
Itnprov8m8nts to the main th8ati8 and 53 Kew Road.
The New Theatre Fund 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
697,461
89,830
1436,9451
274,383
Sustalnablllty Fund - cash
The Sustainability Fund was set-up with gifts from donors to assist with the ebb and flow ol cashflow. The Fund is
not expected lo be used for budget relief and draw down from the Fund is allowed only in circumstances, and subject
to controls. agreed by the Finance Committee.
Designated Reserve Fund- cash
The Designated R8serve Fund was set-up with funding from th8 Arts Council as part of their Cultural R8covery Fund
programme. Th8se a18 for sustainability coming out of th8 pandemic, are not restricted and are fr88 to spend in any
timescale as decided by the 8oard.
OT Naw Artlsts 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..
LBRUT - Income from the London Borough of Richmond applied to core costs and running the theatre, attracting
local residents and visitors to Education and Participation events.
Education and Participation
activities.
Income received from trusts to b8 applied towards education and partl¢iP8tion
All of the above grants flow through Restrict8d Funds but as they wer8 all fully 8xpend8d during th8 period do not
fortm part of the closing balance of these Funds.
Page 26

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
18.
Analysls of net assets between funds
Analysls of net assets between funds- current year
UnrestrScted
funds
2022
Total
funds
2022
Tangible fixed assets
Current assets
885.341
1,101,826
1363,5071
885,341
1.101,826
1363,5071
Creditors due within one year
Total
1.623.660
1.623,660
Analysis of nèt assèts bètw••n funds- prior y•ar
Unrestricted
fuftds
2027
Total
funds
2021
Tangible fixed assets
Current assets
Cr8ditors du8 Wlthin year
9t9,297
1,321,896
(591,348)
919,297
1,321,896
(597,348)
Total
1,643,845
1,645,845
19.
Reconciliation of net movement in funds to net cash flow from operating activities
2022
2021
Net incomelexpenditure for the year las per Statement ol Financial Activitiesl
{20,1851
564,954
Adjustments for=
Depreciation charges
Increase in siocks
Increase in debtors
Increaselldecreasel in creditors
Financ8 charge on loan
45,817
12.2081
192,1341
1216,8191
2.977
36,894
T78
(77,701)
254,8T7
{2,977)
Net Cash provided byllused inl operating activities
1282,5521
776.825
Page 27

Docusign En¥ÈlopÈ ID." 5E3584AF-OFBE-4880-8E7F-99A723CC8A34
ORANGE TREE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
20.
Analysls of cash and cash equlvalents
2022
2021
C8sh in hand
734.091
7,048,504
Total cash and cash equivalents
734,091
7,048.504
21.
Analysis of changes in net debt
other non-
cash
ehang•s
At 1 July
2021
At 30 Junè
2022
Cash flows
Cash at bank and in hand
1,048,503
1147,0231
1314,4121
20,000
734,091
1130,0001
Debt due within 1 year
12,9771
901.480
1294,4121
2.977
604,091
22.
R*lat8d party transactions
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 2022.
Page 28