2023-03-31-accounts

Trustees	PhillippaAdamson
	NicholasBasden
	MoyraBrown
	LouisCharalambous
	DominicCooke
	SitaMcIntosh
	KarenNapier
	ShrinaShah
	ZadieSmith
	ChristopherYu
CompanySecretary	DaisyHeath
Companynumber	01396429
Charitynumber	276892
Registeredoffice	269KilburnHighRoad
	London
	NW67JR
Executiveteam
ArtisticDirector/ ChiefExecutive	IndhuRubasingham
ExecutiveDirector	DaisyHeath
Independentauditors	SafferyLLP
	71QueenVictoriaStreet
	London
	EC4V4BE
Bankers	HSBC
	50-52KilburnHighRoad
	London
	NW64HJ

	Page
Trustees’report	1-15
Independentauditors’report	16-19
Consolidatedstatementoffinancialactivities	20
Balancesheets	21-22
Consolidatedstatementofcashflows	23
Notestotheaccounts	24-44

23 October 2023

			General	Designated	Restricted	2023	2022
			Fund	Funds	Funds	Total	Total
		Notes	£	£	£	£	£
Incomeand
endowmentsfrom:
Donationsandlegacies Charitableactivities Othertradingactivities Investments		NOu Dh	1,286,849 1,210,116 281,768 15,677	- - - -	532,911 - - -	1,819,760 1,210,116 281,768 15,677	2,271,254 822,060 217,539 5,520
Totalincome			2,794,410	-	532,911	3,327,321	3,316,373
Expenditureon:
Raisingfunds
Raisingdonations			255,004	-	-	255,004	189,914
Costsoftrading			406,069	-	-	406,069	256,869
Charitableactivities			2,707,062	-	820,921	3,527,983	3,154,854
Totalexpenditure			3,368,135	-	820,921	4,189,056	3,601,637
Netincome/			(573,725)	-	(288,010)	(861,735)	(285,264)
(expenditure)forthe
year
Taxation —Theatre	tax	9	324,227	-	-	324,227	132,033
credit
Transfersbetweenfunds		10	625,000	(625,000)	“	.	.
Netmovementsinfunds			375,502	(625,000)	(288,010)	(537,508)	(153,231)
Fundsbroughtforward			258,062	1,202,000	10,232,066	11,692,128	11,845,359
Fundscarriedforward		10	633,564	577,000	9,944,056	11,154,620	11,692,128

		Charity	only	Consolidated	Consolidated	Charityonly		Consolidated
		2023	2023	2023	2023	2022	2022	2022	2022
	Notes	£	£	£	£	£	£	£	£
Fixedassets
Tangiblefixedassets	11		9,685,244		9,685,244		10,004,371		10,004,371
Intangiblefixedassets	12						11,363		11,363
Investments	13		200				200
			9,685,444		9,685,244		10,015,934		10,015,734
Currentassets
Debtors	14	691,722		633,939		475,013		372,802
Cash		1,403,590		1,420,283		1,806,109		1,895,080
Stock	15			5,143				7,539
		2,095,312		2,059,365		2,281,122		2,275,421
Creditors:amountsfallingdue inlessthanoneyear	16	(581,114)		(589,989)		(586,906)		(599,027)
Netcurrentassets			1,514,198		1,469,376		1,694,216		1,676,394
Netassets			11,199,642		11,154,620		11,710,150		11,692,128

			Charityonly	Charityonly	Consolidated	Consolidated	Charity	only	Consolidated	Consolidated
			2023	2023	2023	2023	2022	2022	2022	2022
		Notes	£	£	£	£	£	£	£	£
Representedby:
Generalfund		10		678,586		633,564		276,084		258,062
Designatedfunds		10		577,000		577,000		1,202,000		1,202,000
Restrictedfunds:		10
-	Capitalfunds		9,685,244		9,685,244		10,015,734		10,015,734
-	Incomefunds		258,812		258,812		216,332		216,332
				9,944,056		9,944,056		10,232,066		10,232,066
Net	assets	19		11,199,642		11,154,620		11,710,150		11,692,128

				2023			2022
			Notes	£	£	£		£
Cashflowsfromoperating
activities:
Net income (expenditure)	for	the		(861,736)		(285,264)
reportingperiod
Taxcreditreceivable				324,228		132,033
Depreciation				319,127		421,159
Amortisationofintangiblefixedasset Decrease/(Increase)instock Disposaloffixedassets Decrease/(increase)indebtors (Decrease)/increaseincreditors				11,363 2,396 - (261,137) (9,038)		11,324 (7,539) 17,193 (12,040) 25,935
Netcashprovidedbyoperating
Activities					(474,797)		302,801
Cashflowsfrominvesting
Activities
Purchaseoffixedassets				-		(6,402)
Netcashusedinfinancing
Activities					-			-
Netcashmovement					(474,797)		296,399
Cashat1 April2022					1,895,080		1,598,681
Cashat31March2023					1,420,283		1,895,080
Netcashmovement			20		(474,797)		296,399

4,	Incomefromdonationsandlegacies
		Unrestricted		Restricted		Total
						2023
		£		£		£
	Creativeengagementgrantincome		-	256,605		256,605
	Grantincome	215,687		237,768		453,455
	Donations	224,740		38,538		263,278
	ArtsCouncilEnglandincome	844,782			-	844,782
	LondonBoroughofBrent	1,640			-	1,640
		1,286,849		532,911		1,819,760

	Comparativeyear
		Unrestricted		Restricted	Total
					2022
		£		£	£
	Creativeengagementgrantincome		-	235,504	235,504
	Grantincome	11,500		391,803	403,303
	Donations	205,158		128,364	333,522
	ArtsCouncilEnglandincome	844,782		364,000	1,208,782
	LondonBoroughofBrent	24,000		-	24,000
	HeritageLotteryFund		-	27,583	27,583
	Coronavirusjobretentionschemegrant	38,560		-	38,560
		1,124,000		1,147,254	2,271,254
5.	Incomefromcharitableactivities
		Unrestricted		Restricted	Total
					2023
		£		£	£
	Productionincome	1,186,043		-	1,186,043
	Workshopsandcourses	24,073		-	24,073
		1,210,116		-	1,210,116

5.	Incomefromcharitableactivities(continued)
		Unrestricted	Restricted	Total
				2022
		£	£	£
	Productionincome	820,320	-	820,320
	Workshopsandcourses	1,740	-	1,740
		822,060	-	822,060
6.	Incomefromothertradingactivities
			Total/	Total/
			Unrestricted	Unrestricted
			2023	2022
			£	£
	Salesandmerchandising		254,805	199,299
	Sundries		26,963	18,240
			281,768	217,539
7.	Investmentincome
			Unrestricted/	Unrestricted/
			Total	Total
			2023	2022
			£	£
	Exchangemovement		10,311	5,329
	Interestreceived		5,366	191
			15,677	5,520

8.	Expenditure
		Direct	Support	Total
		costs	costs	2023
		£	£	£
	Raisingfunds
	Raisingdonations	163,330	91,674	255,004
	Trading	260,086	145,983	406,069
		423,416	237,657	661,073
	Charitableactivities
	Production	1,919,496	1,077,388	2,996,884
	Creativeengagement	283,075	158,886	441,961
	Cinema	57,093	32,045	89,138
		2,259,664	1,268,319	3,527,983
		2,683,080	1,505,976	4,189,056
	Supportcosts
	Advertising,publicityand
	Marketing			239,546
	Administrativestaff			183,497
	Premisescosts			532,895
	Officecosts			112,439
	Professionalandfinancial			32,090
	Governance			2,721
	Auditfee			27,424
	Otherfeespaidtoauditors			7,944
	Depreciationandamortisation			330,490
	Operatingleasepayments			36,930
				1,505,976

8.	Expenditure(continued)
		Direct	Support	Total
		costs	costs	2022
		£	£	£
	Raisingfunds
	Raisingdonations	115,229	74,685	189,914
	Trading	155,854	101,015	256,869
		271,083	175,700	446,783
	Charitableactivities
	Production	1,587,014	1,028,615	2,615,629
	Creativeengagement	278,452	180,477	458,929
	AFriendlySocietyProject	10,957	7,102	18,059
	Cinema	37,762	24,475	62,237
		1,914,185	1,240,669	3,154,854
		2,185,268	1,416,369	3,601,637
	Supportcosts
	Advertising,publicityand
	Marketing			221,718
	Administrativestaff			185,668
	Premisescosts			356,929
	Officecosts			119,069
	Professionalandfinancial			45,927
	Governance			1,125
	Auditfee			16,178
	Otherfeespaidtoauditors			5,163
	Depreciationandamortisation			432,483
	Operatingleasepayments			32,109
				1,416,369

																	Taxation Balances	carriedforward	carriedforward	£ £		= 100,631	13,301	- 20,000		- 124,880	- 258,812		- 8,984,779	- 350,000	- 350,465			- 9,685,244	- 9,944,056	324,228 633,564		- 100,000	477,000		- 577,000	324,228 11,154,620
																	Transfers			£																625,000			25,000	(650,000)	(625,000)
																	Expenditure			£		242,885	3,325	22,296		221,925	490,431		267,127		5,099	46,901	11,363	330,490	820,921	3,368,136						4,189,057
																	Income			£		271,605		42,296		219,010	532,911								532,911	2,794,410						3,327,321
																	Balancesbrought		forward							127,795	216,332		9,251,906	350,000	355,564	46,901	11,363	10,015,734	10,232,066	258,062		100,000	452,000	650,000	1,202,000	11,692,128
Notestothefinancialstatements(continued)						Fortheyearended31March2023						10. General,restrictedanddesignatedfunds									Restrictedincomefunds	Creativeengagement	NationalLotteryHeritageFund	Productions	ArtsCouncilEngland	Other		Restrictedcapitalfunds	Leaseholdimprovements	Freeholdland	Leaseholdpremises	Fixtures,fittingsandequipment	Website		Totalrestrictedfunds	Generalfund	Designatedfunds	Capitalimprovement	Threemonthsoperatingcosts	Investmentin2022/23programme	Totaldesignatedfund	Total

						Balances	Carriedforward	Carriedforward	2022							127,795	216,332		9,251,906	350,000	355,564	46,901	11,363	10,015,734	10,232,066	258,062		100,000	452,000	650,000	1,202,000	11,692,128
						Taxation																				132,033						132,033
						Transfers													(17,193)			6,402		(10,791)	(10,791)	(744,209)		50,000	55,000	650,000	755,000
						Expenditure				£		328,306	10,957	442,257	364,000	429,103	1,574,623		274,896		5,099	141,164	11,324	432,483	2,007,106	1,594,531						3,601,637
						Income				£		268,807	27,583	322,257	364,000	164,607	1,147,254								1,147,254	2,169,119						3,316,373
						Balances		BroughtForward	2021	£		131,410		120,000		392,291	643,701		9,543,995	350,000	360,663	181,663	22,687	10,459,008	11,102,709	295,650		50,000	397,000		447,000	11,845,359
10. General,restrictedanddesignatedfunds(continued)											Restrictedincomefunds	Creativeengagement	NationalLotteryHeritageFund	Productions	ArtsCouncilEngland	Other		Restrictedcapitalfunds	Leaseholdimprovements	Freeholdland	Leaseholdpremises	Fixtures,fittingsandequipment	Website		Totalrestrictedfunds	Generalfund	Designatedfunds	Capitalimprovement	Threemonthsoperatingcosts	Investmentin2022/23programme	Totaldesignatedfund	Total

CharityandGroup
	Leasehold	Freehold	Leasehold	Fixtures,	Total
	Improvements	land	premises	fittingsand
				equipment
	£	£	£	£
Cost
At1 April2022	10,993,154	350,000	593,024	490,613	12,426,791
Additions
Disposal
At31March2023	10,993,154	350,000	593,024	490,613	12,426,791
Depreciation
At1 April2022	1,746,347	-	232,361	443,712	2,422,420
Chargefortheyear	267,127	-	5,099	46,901	319,127
Removedondisposal
At31March2023	2,013,474	=	237,460	490,613	2,741,547
At31March2023	8,979,680	350,000	355,564		9,685,244
At31March2022	9,246,807	350,000	360,663	46,901	10,004,371

harityandGroup
	Website
	£
Cost
Costbrought forward	56,616
Additions		-
At31March2023	56,616
Amortisation
Amortisationbrought forward	45,253
Chargefortheyear	11,363
At31March2023	56,616
At31March2023		=
At31March2022	11,363

nvestments
	Sharesin
	subsidiary
	undertakings
	£
Cost
At1 April2022and31March2023	200
Netbookvalue
At1 April2022and31March2023	200

Company	Countryof	Class	Shares	%
	corporation		held
TricycleScreenLimited	Englandand	Ordinary	100	100
(03077972)	Wales
KilnLondonProductions	Englandand	Ordinary	100	100
Limited(04807399)	Wales

Theresultofthesecompaniesintheyear	Theresultofthesecompaniesintheyear	ended31March		2023havebeen	consolidatedinto
theseaccountsandareasfollows:
Company	Income	Expenditure		_Profit/(loss)	Reservesat
					31March
					2023
TricycleScreenLimited	233,085	260,086		(27,001)	(36,651)
(03077972)					,
KilnLondonProductions		-	-	-	(8,371)
Limited(04807399)

14.	Debtors
	Charity	2023	2022
		£	£
	Tradedebtors	56,800	77,349
	Amountsduefromsubsidiaries	59,490	105,291
	Prepaymentsandaccruedincome VAT	553,956 404	267,529	-
	Otherdebtors	21,072	24,844
		691,722	475,013
	Group	2023	2022
		£	£
	Tradedebtors	56,800	77,349
	Prepaymentsandaccruedincome	554,142	270,609
	VAT Otherdebtors	404 22,593	24,844	-
		633,939	372,802
15.	Stock
	Charity	2023 £	2022 £
	Stockinhand
	Group
		2023	2022
		£	£
	Stockinhand	5,143	7,539

Charity	2023	2022
	£	£
Tradecreditors Othertaxandsocialsecurity Accruals Deferredincome VATprovision Othercreditors	129,551 31,788 85,539 86,832 165,673 81,731	64,278 38,573 93,322 118,887 174,696 97,150
	581,114	586,906
Group	2023	2022
	£	£
Tradecreditors Othertaxandsocialsecurity Accruals Deferredincome VATprovision Othercreditors	132,428 31,002 90,040 86,832 165,673 84,014	70,501 41,458 95,250 118,887 174,696 98,235
	589,989	599,027

inancialcommitments peratingleases at31March2022,thec easesasfollows:	ompanyhadannualcommitmentsunder	ompanyhadannualcommitmentsunder	non-cancellableope	rating
	Landandbuilding		Equipment
	2023	2022	2023	2022
	£	£	£	£
Expirydate:
Within1 year	37,939	30,001	176	2,108
Within1 — 2 years	37,939	30,001	-	176
Within2 —5years	113,817	90,003	-	-
Inmorethan5 years	831,156	750,025	-	-
	1,020,851	900,030	176	2,284

Theaveragenumberofemployeesduringtheyearwas	75(2022:66).
Thisissplitasfollows:
	2023	2022
	No	No
Numberofstaff
FinanceandAdministration	8	7
Production	11	4
Artistic	5	2
Fundraising	4	3
FrontofHouseandcaféandbarStaff	25	23
Creativeengagement	12	17
Operations	10	10
	75	66
	2023	2022
	£	£
Employmentcosts
Wagesandsalaries	1,464,552	1,252,811
Socialsecuritycosts	132,190	108,182
Otherpensioncosts	45,311	27,582
	1,642,053	1,388,575

		2023	2022
Between£60,000	and£70,000	2	2

	General		Designated	Restricted	Total
	funds		funds	funds	2023
			£	£	£
Group Fixedassets Currentassets Currentliabilities	1,223,553 (589,989)	-	- 577,000 -	9,685,244 258,812 -	9,685,244 2,059,365 (589,989)
	633,564		577,000	9,944,056	11,154,620
Charity Fixedassets	200		-	9,685,244	9,685,444
Currentassets	1,259,500		577,000	258,812	2,095,312
Currentliabilities	(581,114)		-	-	(581,114)
	678,586		577,000	9,944,056	11,199,642
	General		Designated	Restricted	Total
	Funds		Funds	Funds	2022
			£	£	£
Group
Fixedassets		-	-	10,015,734	10,015,734
Currentassets	857,089		1,202,000	216,332	2,275,421
Currentliabilities	(599,027)		-	-	(599,027)
	258,062		1,202,000	10,232,066	11,692,128
Charity
Fixedassets	200		-	10,015,734	10,015,934
Currentassets	862,790		1,202,000	216,332	2,281,122
Currentliabilities	(586,906)		-	-	(586,906)
	276,084		1,202,000	10,232,066	11,710,150
nalysisofnetdebt
			Cash at1April	Cashmovement	Cashat31
			2022		March2023
			£	£	£
Cashheld			1,895,080	(474,797)	1,420,283

22.	Comparativestatementoffinancialactivities Unrestricted	Comparativestatementoffinancialactivities Unrestricted	Designated	Restricted	2022
		funds	Funds	Funds	Total
		£	£	£	£
	Incomeand
	endowmentsfrom:
	Donationsandlegacies	1,124,000	-	1,147,254	2,271,254
	Charitableactivities	822,060	-	-	822,060
	Othertradingactivities	217,539	-	-	217,539
	Investments	5,520	-	-	5,520
	Totalincome	2,169,119	-	1,147,254	3,316,373
	Expenditureon:
	Raisingfunds	446,783	-	-	446,783
	Charitableactivities	1,147,748	-	2,007,106	3,154,854
	Totalexpenditure	1,594,531	-	2,007,106	3,601,637
	Netincomefortheyear	574,588	-	(859,852)	(285,264)
	Taxation— theatretax	132,033	-	-	132,033
	credit
	Transfersbetweenfunds	(744,209)	755,000	(10,791)	-
	Netmovementsinfunds	(37,588)	755,000	(870,643)	(153,231)
	Fundsbroughtforward	295,650	447,000	11,102,709	11,845,359
	Fundscarriedforward	258,062	1,202,000	10,232,066	11,692,128