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2024-03-31-accounts

Company Registration No. 01396429 (England and Wales) Charity No. 276892

Kiln Theatre

Trustees’ report and financial statements for the year ended 31 March 2024

Kiln Theatre

Company information

Trustees Phillippa Adamson
Michael Berg
Sabine Chalmers
Louis Charalambous
Heather Doughty
Natasha Gordon
Katie Haines
Alastair Levy
Company Secretary Iain Goosey
Company number 01396429
Charity number 276892
Registered office 269 Kilburn High Road
London
NW6 7JR
Executive team
Artistic Director / Chief Executive Amit Sharma
Executive Director Iain Goosey
Independent auditors Nyman Libson Paul LLP
124 Finchley Road
London NW3 5JS
Bankers HSBC
50 – 52 Kilburn High Road
London
NW6 4HJ

Kiln Theatre

Contents

Page
Trustees’ report 1-19
Independent auditors’ report 20-22
Consolidated statement of financial activities 23
Balance sheets 24-25
Consolidated statement of cash flows 26
Notes to the accounts 27-41

Kiln Theatre

Trustees’ report For the year ended 31 March 2024

The Trustees (who are also Directors of the Company) present their report, together with the audited financial statements of the charitable company, for the year ended 31 March 2024.

1. OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT

The charity has the general aim of using different art forms to entertain, educate and stimulate audiences, participants and users to contribute towards a more cohesive community.

In undertaking our charitable aims, the Trustees have considered the Charity Commission’s guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)’.

Kiln Theatre is a proudly local theatre with an international vision and reputation. From our Kilburn home, we create high-quality and engaging work, which presents the world through a variety of lenses, bringing unheard and/or ignored voices into the mainstream. We make theatre that tells big stories about human connections across cultures, race and language.

We believe that everyone should feel welcome and entitled to call this space their own.

We want people to feel empowered by their engagement with us.

Our Vision

To uncover our shared humanity, illuminating our connection through stories, and deepening our capacity to empathise with each other.

Our Mission

Draft

To make theatre for all by making space for unheard/ignored voices.

Strategic Plan

Kiln Theatre’s Strategic Plan sets out the organisations objectives and are set around the following main areas of activity:

Artistic Vision and Activity

In the pursuit of our Vision, we seek out plays that are provocative and entertaining; plays that ask questions about identity with a flavour that is unique and that speak to a wide range of local residents, Londoners and people from further afield. We are committed to continuing to make this work accessible and affordable for our audiences, offering West End quality work at Kilburn prices. Writers and artists choose to make new work at and for Kiln Theatre and actors, technicians and theatremakers feel at home here. This is a reflection of both the high calibre of our team and the strength of the relationships with local communities and audiences.

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Trustees’ report For the year ended 31 March 2024

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2. ACHIEVEMENTS AND PERFORMANCE

Mlima’s Tale designed by Amelia Jane Hankin, Two Strangers (Carry a Cake Across New York) designed by Soutra Gilmour and Retrograde designed by Frankie Bradshaw.

2023/24 marked a further step forward with audiences in a return to pre-pandemic artistic programming. Across the year we reached over 46,000 audience members through our artistic programme of six productions, including over 18,000 for our production of Two Strangers (Carry a Cake Across New York), which has become Kiln’s most successful production in the venue’s history, and over 10,000 for the smash hit production of Retrograde .

  1. Retrograde by Ryan Calais-Cameron, directed by Amit Sharma

20 April – 27 May 2023

★★★★ ‘Terrific’ The Guardian

★★★★ ‘Ivanno Jeremiah gives a career-best performance as Sidney Poitier’ Draft The Independent ★★★★ ‘Capably directed by Amit Sharma and beautifully acted, propels Ryan Calais Cameron, at a stroke, to the front rank of our playwrights’ The Telegraph

★★★★ ‘Ryan Calais Cameron’s portrait of Sidney Poitier is electrifying’ Evening Standard

The award-winning writer (Ryan Calais-Cameron) of For Black Boys Who Have Considered Suicide When The Hue Gets Too Heavy, explosive new play explored identity, resilience, and integrity - examining a true event in 1950’s Hollywood and the reality of Sidney Poitier’s journey to stardom. Directed by Amit Sharma (who has since been named as new Artistic Director and CEO), this critically acclaimed and Evening Standard Award nominated production received universal acclaim and achieved significant financial success.

  1. Es and Flo by Jennifer Lunn, directed by Susie McKenna

05 – 24 June 2023

★★★★ ‘joy and affection seep through at every turn’ The Guardian

★★★★ ‘a rallying cry for the essential right of women to marry one another’ What’s on Stage

★★★★ ‘a rich and rare tale of two women sharing their lives – in love, loss and contentment’ Time Out ★★★★ ‘Powerful love story’ The Stage

This Wales Millennium Centre production of Jennifer Lunn’s award-winning new play, directed by Susie McKenna (Kiln’s former Associate Artistic Director) transferred to the Kiln after a successful run in Cardiff. The production celebrated the love of an older lesbian relationship and women coming together to fight for what’s right and the healing power of chosen family.

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Kiln Theatre

Trustees’ report

For the year ended 31 March 2024

  1. Modest written by Ellen Brammar with music by Rachel Barnes, co-directed by Luke Skilbeck and Paul Smith

29 June – 22 July 2023

★★★★ ‘Rollicking piece of gig theatre… stonking performances and stunning singing’ The Guardian ★★★★ ‘A potent mix of drag, searing comedy, indignant fury and tenderness’ The Stage

Presented by Middle Child in collaboration with Milk Presents ( JOAN ; Trans Filth; Joy ), Modest brought together a cast featuring the UK’s hottest drag talent in an electrifying new gig style play combining theatre, music hall and drag king swagger. The production transferred to the Kiln following a UK tour and earned a UK Theatre Award nomination (Best Supporting Performance) for LJ Parkinson.

  1. Mlima’s Tale by Lynn Nottage, directed by Miranda Cromwell

14 September – 21 October 2023

★★★★ ‘Remarkable’ The Telegraph

★★★★ ‘A thundering triumph’ The Times

★★★★ ‘A deeply moving production’ Evening Standard

★★★★ ‘Simple, effective, and quietly devastating’ The Stage

Following its world premiere at the Public Theater in New York, Draft Mlima’s Tale made its UK premiere at Kiln Theatre in September. Written by Pulitzer Prize-winner Lynn Nottage and directed by Miranda Cromwell, this powerful and unforgettable story of the elephant Mlima explored the ivory trade and global corruption.

  1. Two Strangers (Carry a Cake Across New York) by Jim Barne and Kit Buchan, directed by Tim Jackson

09 November 2023 – 20 January 2024

★★★★ ‘Two-hander musical matches its wide-eyed hero and sardonic heroine with just the right mix of sugar and sour’ The Guardian

★★★★ ‘This fresh new musical romcom is a treat - not too sickly, but perfectly sweet’ Time Out ★★★★ ‘prepare to fall in love with this charming romcom’ London Theatre

This smash musical, written by Jim Barne and Kit Buchan and directed by Tim Jackson, with musical stars Sam Tutty and Dujonna Gift became an instant hit on its opening. The production sold out, including a three-week extension into January, and went on to become the Kiln’s most successful production in its history – earning an instant transfer to the West End.

6. The Frogs created by Spymonkey, directed by Joyce Henderson

08 February 2024– 02 March 2024

★★★★ ‘ As engaging as it is audacious’ The Observer

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Kiln Theatre

Trustees’ report For the year ended 31 March 2024

★★★★ ‘ Completely off-the-wall humour’ The Reviews Hub

The UK’s leading physical comedy ensemble Spymonkey presented their new production in a coproduction with the Kiln and Royal & Derngate, Northampton. Spymonkey’s tragically funny attempt to pull off a classic Greek comedy via the monster-filled Underworld and a classic vaudeville double act thrilled audiences across the spring.

Audiences

‘‘The Kiln Theatre plays a vital role in the local community. Why go to the West End when there is a theatre that offers such imaginative productions. I've seen Mlima’s Tale, and I cried; I now saw Two Strangers (Carry a Cake Across New York) and I felt so hopeful. The power of theatre!’’ Audience feedback, 2023

The 2023/24 season broke new ground for Kiln Theatre. Two Strangers (Carry a Cake Across New York) became the highest grossing show in the theatre’s history. It also achieved an immediate transfer to The Criterion Theatre in the West End with a subsequent extension. Another highlight was the production of Retrograde directed by Amit Sharma who was later appointed as Kiln Theatre’s new Artistic Director and CEO. The show exceeded expectations, getting to 123% of its financial target whilst gaining widespread critical acclaim.

Last year’s theatre season featured a diverse lineup of productions, with varying degrees of financial performance. Overall, the season was a financial success, reaching 108% of its goal with a total value sold of £948,210. The success was driven by a few standout productions like Retrograde and Two Strangers and on a smaller scale Es & Flo and The Frogs . Despite some underperformance on other shows, the season exceeded its financial goals, with an average yield of £18.03 per ticket across all productions and Draft 48,758 tickets sold across the six productions.

During the season, 63% of customers bought a Kiln ticket for the first time and the distance that our bookers live within further increased from 8.11km the year before to 9.54km. We also maintained a high percentage of attendees (16%) from lower engaged households. We subsidised over 1,300 tickets to Brent & Camden Residents, 4,500 tickets to young people under 26 years old, 700 tickets to students, 900 tickets to NHS members of staff and 500 tickets to our Creative Engagement network. Additionally, 448 Brent students and young residents received free tickets as part of our City Bridge Trust free ticket scheme.

Artistic Development and Commissioning

During 2023/24 Kiln engaged 312 contractual or freelance people to work on our artistic and creative engagement programmes - covering actors, creative teams, creative engagement practitioners, technical staff and other contractual roles. This number of freelancers increased versus the number engaged for 2022/23.

We have continued to develop an exciting and diverse portfolio of 14 commissioned playwrights, offering full dramaturgical support through the commissioning cycle. In total, 70% of our commissioned writers identify as female or non-binary, and 70% are from the Global Majority. The commissioned writers include Kiln debuts from the likes of Dipo Baruwa-Etti, Sonia Jalaly and Carmen Nasr, as well new plays from Amy Trigg, Zodwa Nyoni and Suhayla El-Bushra. As many of these plays move into production here at Kiln Theatre, we will be issuing five new commissions as part of Amit’s new tenure as Artistic Director and CEO.

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Kiln Theatre

Trustees’ report For the year ended 31 March 2024

The Kiln-Mackintosh Resident Assistant Director programme began in 2023 to great success. Local director, Jessica Mensah, assisted on four productions at the Kiln Theatre and has since gone on to Associate Direct at the Lyric Hammersmith Theatre, as well as directing the debut production of Kiln’s Listen Local Young Writer’s graduate Temi Majekodunmi at Soho Theatre. Jessica also shadowed on the cast change of Hamilton for Cameron McIntosh in the West End. We are pleased to have secured a second year of funding from the Mackintosh Foundation, which will support our next Kiln-Mackintosh Resident Assistant Director for 2024/25.

Creative Engagement programme

Our extensive and award-winning Creative Engagement work sits at the heart of our organisation, fully integrated with the work on our stage. Over the year, we worked with 1,596 participants to devise and deliver creative projects. We also provided free or subsidised tickets to ensure that cost is no barrier, and that everyone can see themselves in the stories on stage and in the audience around them.

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Draft
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1. Minding the Gap (‘MTG’) & Schools

Across the year we worked with 105 newly arrived (with lived experience of migration or who identify as refugees and asylum seekers) young people across 6 school cohorts and 3 college groups. We worked with 6 MTG Trainees and 11 MTG Young Company members.

Working with three partner schools (Claremont High School Academy, Queen’s Park Community School and Ark Elvin Academy), we delivered a programme of workshops for EAL (English as an Additional Language) students to develop their creativity, confidence and spoken English skills – concluding their final

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term by making films with filmmakers from Black Apron Entertainment and the Minding the Gap Practitioners.

In September 2023, a new cohort of students from Queens Park Community School, Claremont School and Ark Elvin Academy started attending weekly creative workshops resulting in the devising of short plays.

From September 2023 – March 2024, ESOL (English for Speakers of Other Languages) students aged 16-19 from the Willesden, Wembley and Maida Vale campuses of the College of North West London attended weekly workshops focused on different types of creative performance, including singing, movement and poetry resulting in the creation of short plays being presented on the Kiln Cinema stage in March 2024.

For me, I’ve learnt new words. It boosted my confidence. I was speaking only English and no other languages. On the performance day, we respected each other while other groups performed. Participant feedback, Colleges

During the 2024 Easter holidays, we delivered an additional MTG Young Company project outside of school time after alumni had expressed interest in further engagement. Over the course of two weeks, a group of 11 MTG alumni aged 16-18 (including two current Trainees) collaborated with professional writer and director Emily Aboud, choreographer Fadi Giha and an MTG Trainee to create an original play which explored how we might make the world a better place through teamwork.

Two 2022/23 MTG Trainees concluded their training in July 2023. Both trainees have gone on to further employment at Kiln Theatre. A new cohort of four MTG alumni started their creative facilitator training in October 2023. The MTG Trainees are paid the London Living Wage to attend a training week and monthly upskilling sessions, which cover topics such as drama games, marketing, production and directing Draft (specifically for their peer group and the younger group).

During the 2022/23 academic year, we worked with external evaluator Mita Pujara to evaluate the impact, the successes and the challenges across all the MTG projects. Mita’s evaluative process resulted in a 360° evaluation report, publicly shared in 2023, which influenced a great deal of change and learning for the 2023/24 academic year and beyond.

Following learning from the evaluation, we compiled a Resource Pack for teachers outlining our methodology and best practice for creative learning within the Minding the Gap programme, which is being utilised alongside embedding creative approaches in the classroom by teachers working with EAL/ESOL students across London.

We welcomed Brent teachers to a number of our productions across ‘Teacher Preview’ events and continue to build our relationship and offering to schools across the Borough – including interactive resource packs for productions including Retrograde and Mlima’s Tale .

Developed from learning after Kiln’s Schools’ Playwriting Programme in 2022/23, we will deliver a School Residencies project with two Brent schools per academic year – offering bespoke curriculum-enriching programmes for GCSE Drama students. Kiln partnered with Preston Manor and Harris Lowe Academy Willesden, with each Residency group comprising 17 students. Both groups’ engagement with Kiln spanned the whole academic year encompassing a wide range of show activity and included visits to our productions of Mlima’s Tale, Two Strangers (Carry a Cake Across New York), The Frogs and The Ballad of Hattie and James.

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We also delivered supplementary activity tailored to the schools’ needs, including: A set text workshop at Preston Manor ( DNA by Dennis Kelly); A meeting between Director Lyndsey Turner and the Drama teacher from Harris Lowe to support the teaching of The Crucible as a set text; Two text exploration workshops with Director Jenny Bakst in preparation for both groups’ exam pieces; a Creative Careers Fair for both groups with representatives from Kiln’s Finance, Marketing, Front of House and Fundraising teams; an eight-week programme during which a facilitator worked with the participants and their class teacher to help them devise and rehearse their GCSE exam pieces, which were performed on the Kiln Theatre main stage in July; two Teacher CPD sessions with a focus on projection and presence in the classroom, understanding the importance of representation in the curriculum and the classroom, and overseeing successful group work in a drama setting.

Having been working in education for a number of years... I have come across and experienced a variety of different projects with a variety of theatres. I can honestly say working with the Kiln this year has been different. The personal nature of this project makes it highly bespoke. The residency itself is wide ranging and truly gives students an insight into theatre and performance that they would not get from a classroom alone.

Teacher Feedback

City Bridge Free Tickets

In 2023/24, 603 tickets were used by Brent schools and young people since April 2023. We only have 80 of the City Bridge funded tickets left. Over 80 students attended a school's specific performance for English .

2. Youth & Pathways

Draft In the 2023/24 academic year, we delivered five Backstage Workshops for local secondary school groups. These sessions provide a practical opportunity for students to learn about backstage theatre roles and how they are instrumental to the smooth-running of any production. In the last year, we welcomed the following schools to Kiln for a performance and Backstage Workshop: 36 students (aged 14-16) from Ark Academy for Mlima’s Tale; 25 students (aged 14-15) from Alperton Community School for Two Strangers (Carry a Cake Across New York); 19 students (aged 16-18) from Newman Catholic College for Two Strangers (Carry a Cake Across New York); 29 students from Whitefield School (aged 15-18) for The Ballad of Hattie and James; 26 students from Parliament Hill School (aged 13-14) for English.

Youth Theatre participants worked with professional filmmakers Black Apron Entertainment to produce and perform in two short films: Just Eat: The Sequel (7-11) and Notified and Lied (12-15). Between January and July 2024, 25 local young people aged 12-15 attended weekly 2.5-hour sessions at Kiln on Saturday mornings.

This year’s Young Company project for young people aged 16-18 was a collaboration with Punchdrunk Enrichment. 22 participants took part in three full-day workshops at Kiln, and subsequently attended weekly three-hour sessions on Monday evenings alongside two directors and two facilitators with a view to devising an immersive piece of theatre. Unfortunately, due to differences in expectations and creative approach, this project was brought to an end early, but the participants continued to take part in weekly skills building sessions with industry professionals and attending theatre trips.

Two week-long work experience programmes (Fullworks) took place during the October 2023 and February 2024 half terms. 23 Year 10 students from Brent schools attended sessions exploring producing, directing, writing, production, acting and marketing. Both instalments culminated in a creative careers fair for young people from across London.

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The second cohort of 5 Kiln Collaborators concluded their training at Kiln in July 2023. Two of the Kiln Collaborators from this cohort have gone on to have continued employment with Kiln as Assistant Facilitators. Our third cohort of Kiln Collaborators comprised six young people aged 16-23 with a previous connection to Kiln or the local area. Two of this year’s participants came to the programme through the Youth Theatre and Young Company, two have younger siblings in the Youth Theatre, and two previously attended shows in the theatre.

The Kiln Collaborators attended monthly skills building sessions at Kiln. In addition, participants assisted with the delivery of sessions for the Young Company, Youth Theatre, Fullworks and Backstage Workshops. Kiln Collaborators are paid the London Living Wage to attend sessions and to assist with project delivery.

In 2023/24, we hosted 3 Higher Education placement students. The students have had a range of experiences, supporting the facilitation and administration of projects as well as having career development guidance and meetings with Kiln staff across the organisation.

I have had the best time! I really feel like the Kiln is a fab place for students to learn. It's been a dream and I have learnt so much from the CE team.

Placement Student feedback

3. Communities & Partnerships

Our Community offering continues to grow as we engage with more communities than ever before.

Draft We delivered 8 Masterclasses across 2023/24 – led by creatives including Audrey Sheffield, Dadiow Lin, Tom Wright, Pip Terry, Dan Balfour, Taio Lawson , Amit Sharma, Jessica Mensah and Tian Brown-Sampson.

Two cohorts of Listen Local writers aged 18-30 from Brent are supported by Kiln’s Artistic and Creative Engagement staff to develop their ideas into their first short play. The 2022/23 cohort had 9 of their brand new plays performed by professional actors on the Kiln Theatre stage in July 2023. We hosted a final ‘Whats next…’ workshop session (led by Rikki Beadle-Blair) for them where we discussed pursuing their writing, open opportunities and networking.

For the new and final cohort, we hosted four taster workshops after receiving 39 submissions for the programme and are pleased to have welcomed a group of ten new writers to Kiln to write their first play, with a focus on heritage as part of the Kilburn High Road Project.

Our Dementia Friendly Screenings have continued, with the audience growing each time, we now have an audience of over 70 at each screening. Since March, audiences have enjoyed Mamma Mia, Carmen Jones, Sister Act, Grease, Bride & Prejudice, Dream Girls, Little Shop of Horrors, a Christmas screening of Meet Me In St Louis and The Commitments .

The first cohort of three Kiln Community Collaborators (KCC’s) were successfully embedded into the organisation, supporting the delivery of Communities programmes as well as supporting on some Youth projects. Two of the 22/23 cohort have gone on to continuous employment at Kiln. The group attended upskilling sessions with Kiln staff on topics such as Facilitation with EAL/ESOL groups, Inclusive Practice, Backstage roles and supported projects including the Community Advisory Board, Monthly Masterclasses, Dementia Friendly Screenings, Tickets Teas & Tours.

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Tickets, Tea & Tours provides local community groups with a practical pre-show workshop where they explore behind the scenes roles and have a tour of the set. Across the year, we welcomed individuals and groups from many different community settings including from Weekend Arts (a charity who works with people who have experience of or are experiencing homelessness), Mosaic (a local LGBTQ+ young people’s organisation) and Asian Women’s Resource Centre - among many others.

We successfully received funding from Brent Warm Spaces to deliver Winter Warmers for a second year running. We partnered with Sufra NW London again to offer free meals to attendees and Brent Health Matters, who delivered health information drop-in services at two of the Monday events. We also offered a free warm bank of items such as coats, gloves, scarves etc. Over the course of 8 drop ins, we gave away 62 hot meals.

We delivered the pilot project, Move at the Movies, working with 9 participants aged 50+ who are all either experiencing a health diagnosis and/ or looking for further social interaction and connection within their local community. They attended fortnightly workshops at Kiln, spending time in the cinema watching dance genre movie classics, followed by practical sessions learning choreography inspired by the dance routines they’ve seen on screen.

We celebrated the end of the Move at the Movies pilot project with a sharing in Kiln Cinema. We had an audience of community members, friends, families and Kiln staff who fed back that “It was so great to see a demographic that so often faces invisibility and infantilisation have a space to express themselves and be seen.

Over three years and through co-creation, Kiln Theatre in collaboration with local residents, artists,

Draft

organisations and community groups will uncover and showcase the hidden stories of Kilburn in a groundbreaking project called Celebrating our Stories: The Kilburn High Road Project . Local residents are invited to participate in heritage-inspired activities that will amplify the voices of the communities who call Kilburn home. Platforming stories through theatre, music, movement, poetry, visual art, costume, film and photography. Activity will take place across Kilburn encouraging connection, cultural exchange and a sense of pride along the High Road.

Initial activity includes a new company formed in partnership with Salusbury World for newly arrived adults with experience of migration. Chronicles of Kilburn; heritage-inspired workshops in collaboration with local organisations, and artists. Move at the Movies; a movement-based cinema programme working with adults referred through social prescribers. Community co-curated Town Hall Talks and Listen Local Young Writers. The project also includes opportunities for training and pathways for Kilburn residents, including the Community Advisory Board (of local volunteers) who will develop activity and Kiln Collaborators.

Chronicles of Kilburn is a series of workshops through which we partner with local organisations to explore the intangible heritage and histories of Kilburn. Through 10 workshops across the year, an oral historian is working with a different artist and artform to gather the hidden heritage and stories of Kilburn.

In January we welcomed the new Community Advisory Board for their first meeting. 14 local community members including local teachers, residents, artists, business owners and volunteers will be working with us over the next three years to support, consult, co-create and advocate for the project.

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Town Hall Talks is a series of heritage-focused events produced in collaboration with local organisations, residents and artists which explore themes and issues relevant to those who call Brent and North West London home – platforming the heritage, stories and talent of Kilburn with live music, panel discussions, short films and food.

We welcomed over 80 attendees including children from Kilburn Grange Primary to a second Town Hall Talk. Linett Kamala of Lin Kam Art in association with Kiln Theatre presented Bass Tone Regeneration, a full-day event which celebrated sound system culture and the musical heritage of South Kilburn. Events included a DJ workshop, listening stations, panel talks and dance/ meditation workshops.

Le hÉireannaigh uile Kilburn (The Irish of Kilburn), curated by Helen Delany and Brenda Aherne of Electronic Sheep, took place on 14 March at which we welcomed 116 people to enjoy the tapestry exhibition, readings, live Irish music and film screenings.

Over 2022/23, we have partnered with organisations who share our mission in order to reach a wider range of people and/or to advocate for priorities of our local communities. These have included:

Turtle Key Arts Key Club at Kiln

Since December 2022, we have hosted Turtle Key Arts (a charity supporting young people with autism spectrum conditions) new iteration of Key Club for autistic Brent residents aged 18-30.

Beyond Labels

Following attendance at the Dementia Friendly Screenings, a group of women from Ashford Place have formed a weekly sociable session for women with experience of dementia.

Draft

Light Up Kilburn

We partnered with Hive Curates in partnership with Love Camden for Light Up Kilburn. Artist, Andy Welland took inspiration from participants who engage with Kiln Theatre, who were asked ‘What does Kiln mean to you’? Responses could include text, songs or images. He used these responses to create an art piece which was installed throughout the month of February and was backlit each evening.

Filmscope

Creative Engagement, Kiln Cinema and Filmscope partnered for two screenings and Q&A’s for D/deaf audiences across 23/24; Name me Lawand and The Way of the Dragon – the only D/deaf friendly screenings that have taken place for such films.

Kilburn Neighborhood Forum Business Consultation

In partnership with KNPF, One Kilburn, Brent and Camden Council and Kilburn Safer Neighborhood teams, we held a consultation event to hear priorities and share information with business owners and employees on Kilburn High Road.

Casa Latina 24-hour Film Competition

We hosted CasaLatina in the Kiln cinema as part of their Latin American 24 hour Film competition. Films made as part of the project were screened here and enjoyed by audiences followed by an awards ceremony.

Middlesex University Kilburn Exhibition

Architecture students from Middlesex University presented an exhibition in the John Lyons Space consisting of their ideas for spaces along Kilburn High Road.

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Trustees’ report For the year ended 31 March 2024

SHOUT London

SHOUT London, delivered by Ashford Place returned this year, an event with film screenings, music and poetry readings centered around mental health awareness.

Shared City Film Screening

Shared City hosted a community film screening of the film they made last year in collaboration with the OK Club, as part of their National Lottery Heritage Funded project exploring South Kilburn.

Cinema

Draft

Kiln Cinema programmes a wide range of quality British cinema alongside international and art house titles.

Our programming is in conjunction with the Independent Cinema Office and we also host film festivals and other events. We offer Parent and Baby screenings, captioned screenings and dementia friendly screenings as part of our Communities programme in partnership with Ashford Place. For 2023/24, Kiln Cinema was part of the Film London’s Cinema Incentive Scheme, and was recognised with a grant of £5.199.39 (confirmed after year end) with 72% of films in Kiln’s programme classified as Independent British or Specialised films (in excess of the scheme’s threshold target of 68%).

In 2023/24 we continued to invest in the Cinema to improve its positioning and its financial sustainability. We continued to open the cinema for Wednesday – Saturday screenings only, a reduction from pre-Covid 7 days per week opening. Kiln Cinema audiences continued to grow across 2023/24. We had 586 screenings in our cinema and welcomed 11,693 customers who bought £78,796 worth of tickets. This was a significant increase in income (55%) versus the previous financial year.

Fundraising

Our fundraising efforts continued in 2023/24. During this time we received donations totalling £1,138,707 from a range of individuals, companies, trusts and foundations and statutory funders. We are deeply grateful to all those who supported us during the year.

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Trustees’ report For the year ended 31 March 2024

Individuals

Thank you to all the individuals who have supported Kiln with a donation this year. Our individual giving group, the Kiln Circle, helped us to generate philanthropic income. We remain so grateful to the 16 members of the Kiln Circle and to the small but essential group of major donors who are committed to Kiln’s mission.

In addition, 2,250 ticket bookers made a booking donation across the year and 1,535 people Sponsored a Ticket, helping us to provide free or subsidised theatre tickets to people who might not otherwise be able to see a Kiln Theatre production. We are also grateful to the 93 regular giving supporters whose monthly and annual donations provide sustained core income to Kiln Theatre.

Events and Companies

We hosted one fundraising event in aid of Kiln Theatre in 2023/24, Jim Carter in Conversation with Rob Brydon .

We also received corporate donations from four businesses.

Trusts

Throughout 2023/24 we received substantial support from trusts and foundations towards our artistic programme, our core costs and our Creative Engagement programme and we are extremely grateful to have the support of a wide range of organisations.

The Trustees take their responsibilities under the Charities (Protection and Social Investment) Act 2016 seriously and have considered the implications on their activities. Kiln Theatre has an Acceptance of Donations Policy, a Whistleblowing and Anti-Bribery Policy which outline the standards and practices for Draft all theatre representatives to follow. We are a paid member of the Fundraising Regulator and we subscribe to the Fundraising Preference Service. We follow the Code of Fundraising Practice and we stay up to date with compliance and regulation around fundraising. We also have a Promise to Supporters which sets out our promise to be transparent, respectful, accountable and approachable in all of our dealings with donors and prospective donors.

The Board of Trustees is regularly updated on fundraising progress. Our Acceptance of Donations Policy outlines the process for accepting and soliciting donations to ensure that fundraised income is raised in accordance with the theatre’s ethics as well as other policies and the Code of Fundraising Practice. In the year ended 31 March 2024 no complaints were received in respect of fundraising.

The Executive Director, Finance Director and Fundraising Director have reviewed and monitored all fundraising activity in 2023/24 and can report that there is no evidence of any negligence or noncompliance with the charity’s policies.

Sustainability

We are proud to report significant progress in our sustainability efforts, building on the successes of previous years. At the start of this year, our goal was to sustain and enhance the momentum gained in our previous environmental responsibility initiatives.

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Key initiatives and highlights:

Increased Green Team Meeting Frequency: We increased the frequency of our Green Team meetings from every six weeks to monthly. This ensured that environmental responsibility remained at the forefront of all our operations. These regular meetings have been instrumental in driving our initiatives forward. Additionally, we welcomed Dominic Cooke to our January meeting to share his insights on environmental responsibility.

Energy Consumption Reduction: We achieved a nearly 8% reduction in gas use and a 5% reduction in electricity consumption compared to the previous year. These savings were accomplished through careful scheduling of our Building Management System (BMS), optimising lighting schedules, and reducing the brightness of our programmable LEDs. We anticipate further reductions following the Cinema upgrade in November, which will include a fully LED house lighting rig and a more energy-efficient projector.

Sustainable Procurement Policy: We introduced a Sustainable Procurement Policy into our Staff Handbook, encouraging all staff to consider environmental responsibility in their decision-making processes.

Carbon Literacy Training: To further upskill our team responsible for driving our environmental initiatives, we sent seven members of our Green Team to Carbon Literacy training this year. We aim to have all members trained by the end of 2024/25.

Reduction of Disposable Plastics in catering: Our catering operation transitioned to reusable plastics for audiences to take into the auditorium, significantly reducing the use of disposable plastics.

Draft

Staff engagement: The Green Team organised a week-long clothes swap for staff and building users, promoting reuse and discouraging fast fashion.

Planning for Green Book productions: In February, our co-production of The Frogs with Spymonkey featured a set made from 98% recycled materials. We hope that the learnings from this project will influence our Green Book shows in the 2024/25 season.

We are proud of the progress we have made in our environmental responsibility journey in 2023/24 and remain committed to continuous improvement to reduce our environmental impact. As we move forward, we will continue to build on these successes and explore new ways to enhance our sustainability practices.

The Staff

The organisation is run day to day by the Executive Team, supported by a senior management team who lead a skilled, experienced and highly committed permanent team of 39 staff (including full-time and parttime roles).

Page 13

Kiln Theatre

Trustees’ report For the year ended 31 March 2024

Plans for the Future

Kiln’s 2024/25 season, marking the final tranche of programming under Indhu Rubasingham’s leadership of the organisation, opens with the world premiere of The Ballad of Hattie and James by Samuel Adamson - a co-production with English Touring Theatre. Directed by Richard Twyman (ETT’s Artistic Director), the play is an epic, life-spanning tale of friendship, music, and the moments that change us forever. Both critical (“ A sweeping symphony of sexual identity and music ” The Independent) and audience reception has been strong.

Into 2024/25, the bold artistic work will continue as the transition between Indhu Rubasingham and Amit Sharma (newly appointed Artistic Director and CEO) takes place with a wide-reaching programme including co-productions and partnership working which align with Kiln’s mission and values:

Alongside our work on stage, in 2024/25 our Creative Engagement programme will continue to deliver our mission, champion unheard voices and stories in local communities and increase access to the arts. We will reach young people through the Youth & Pathways programme, embed creative learning via the Minding the Gap (the name of the programme to change to Arrive Build Create in 2024/25) & Schools programme - as well as building on our groundbreaking Kilburn High Road project with communities across Kilburn and beyond.

Following a successful funding application, Kiln’s Cinema will undergo a major refurbishment in the autumn of 2024/25 - improving the facilities, technology and underlying equipment which have been in use since the late 1990’s. This will increase the financial potential of the cinema space and programme - also opening up opportunities for wider programming (comedy, events, talks) and external hires.

We’ll continue to explore other areas to improve income generation to support the work on stage. This is focused on hire of the existing space (to be facilitated by the appointment of a new Senior Events Sales Manager position) and the potential hire of office space to external tenants.

Page 14

Kiln Theatre

Trustees’ report For the year ended 31 March 2024

Following Indhu Rubasingham’s departure as Artistic Director, Kiln’s Associate Director Amit Sharma was appointed as her successor - taking up post in December 2023. Of his appointment, Amit said “To become the next Artistic Director and CEO is such a huge honour. The Kiln is a theatre right at the heart of its community – a beacon for the people of Brent, bringing audiences to the borough from across London, the UK and internationally." Iain Goosey (formerly of the Young Vic, Lyric Hammersmith Theatre) was appointed in February 2024 as Executive Director - and took up post alongside Amit in May 2024 completing the new look Executive team. Following six years as Chair, Sita Macintosh announced her decision to step down from the role - with Sabine Chalmers taking over the position in September 2024.

3. FINANCIAL REVIEW

The results for the year show net expenditure of £148,007 (2023: net expenditure £537,508). Box office recovery continued in 2023/24 for both the theatre and the cinema, with income of £1,022,606 (2023: £893,183) indicating a return to pre pandemic levels. Co-production income was £207,693 (2022: £268,674) from the co-production of Two Strangers (Carry a Cake Across New York) and income received as a result of the US run of The Wife of Willesden . Fundraising income remained strong at £1,138,707 (2023: £973,339), due in part to production support for our outgoing Artistic Director’s final season. Kiln Theatre continues to be a National Portfolio funded organisation and gratefully received funds from the Arts Council in 2023/24 amounting to £945,901 (2023: £844,782).

Improved financial performance in 2023/24 is encouraging and can be attributed to a number of factors. These include: strict cost control throughout the financial year which helped counter continuing pressure from rising prices; the uptick in box office and theatre attendance, boosting both box office receipts and sales from Tricycle Screen Limited which run the café and bar and; the continued support of our grant Draft making and personal supporters whose generosity and belief in Kiln Theatre allow us to continue both our artistic and community activities. Trustees continue to closely monitor the financial performance of the organisation, with particular focus on developing new income streams, and are confident in the ability of the organisation to continue as a cultural hub in Brent.

The net expenditure of £148,007 in 2023/24 was funded by £144,958 from restricted funds, £13,402 from designated funds and -£(8,353) from general funds.

Reserves of £86,598 have been designated at 31 March 2024. This consists of a £86,598 fund for capital improvements to the building. Trustees intend to use £50,000 of this fund in 2024/25 to supplement funds raised for upgrades and improvements to the cinema space. The balance of the £577,000 designated funds brought forward at 1 April 2023 have been transferred to general reserves.

Investment Powers and Policy

Under the Articles of Association, the charity has the power to invest in any way the Trustees wish for the long-term benefit of the theatre. All surplus funds are currently held in cash deposits and are largely held with HSBC on deposit.

Reserves Policy

At 31 March 2024 the company held total reserves of £11,006,613 (2023: £11,154,620). Of this reserve £9,801,098 was restricted (2023: £9,944,056), £1,118,917 was held in the general funds (2023: £633,564) and £86,598 in designated funds (2023: £577,000).

Page 15

Kiln Theatre

Trustees’ report For the year ended 31 March 2024

Within restricted funds there is a capital reserve of £9,404,379, largely as a result of improvements to the leasehold property. This is being amortised over the life of the asset.

At the year end, £396,719 was held in restricted income funds for use in Creative Engagement projects, the Bloomberg Digital Accelerator project, commissions through the Bertha Foundation and to support future productions.

The reserves policy was revised in the year with the Trustees determining that it was more appropriate going forward to maintain general reserves at between 3 and 6 months’ operating expenses, depending on where the organisation is in the production cycle. As at March 2024, the theatre was programmed to the end of August, giving a minimum general reserve target of £825,000. The general reserve of £1,118,917 held at 31 March 2024 meets this target.

Of the £86,598 designated capital improvement reserve held at 31 March 2024, £50,000 has been committed in the 2024/25 budget.

4. TRUSTEES AND ADMINISTRATIVE DETAILS

Trustees :

The Trustees of the charitable company are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees.

The Trustees who served during the year and since the year-end were as follows:

Phillippa Adamson Draft Nicholas Basden (resigned 1 March 2024) Michael Berg (appointed 29 February 2024) Moyra Brown (resigned 7 December 2023) Sabine Chalmers (appointed 11 September 2024) Louis Charalambous Dominic Cooke (resigned 30 April 2024) Heather Doughty (appointed 27 June 2024) Natasha Gordon (appointed 27 June 2024) Katherine Haines (appointed 27 June 2024) Alastair Levy (appointed 15 December 2023) Sita McIntosh (resigned 17 June 2024) Karen Napier (resigned 17 June 2024) Shrina Shah (resigned 13 October 2024) Zadie Smith (resigned 15 December 2023) Christopher Yu (resigned 31 July 2024)

Brent Council Representatives (Observers):

Cllr Muhammed Butt

Cllr Fleur Donnelly-Jackson

5. STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Page 16

Trustees’ report For the year ended 31 March 2024

Kiln Theatre

Kiln Theatre is a company limited by guarantee. It is also a registered charity and is regulated by the Charity Commission. Kiln Theatre’s Memorandum and Articles allow for a maximum of 15 Trustees and a minimum of 3. Trustees serve a maximum term of 3 years and can serve for a maximum of 3 consecutive terms with the option of a final 1-year term in specific circumstances. All Trustees are members of the company and are automatically appointed as such when they are elected to hold office. They cease to be members when their term of office ends. As a company limited by guarantee, all members are liable to pay £1 in the event of winding up or dissolution of the charity.

Appointment of Trustees

New Trustees are elected to the Board by existing members after recruitment process and discussion. The induction process is described below.

Sabine Chalmers was elected Chair of the Trustees on 26 July 2024 and took up office on 11 September 2024.

Trustees’ Induction and Training

The Nominations Committee is responsible for reviewing the skills of Trustees and ensuring that any gaps that exist in those skills are addressed as vacancies arise. All potential Trustees are referred to the Nominations Committee as part of the recruitment process to ensure that any appointment fills identified gaps and strengthens the Board. The Committee then makes a recommendation to the full Board, who will decide whether to invite the candidate to become a Trustee.

New Trustees go through an induction process which includes reviewing copies of the current Strategic Draft Plan, recent board meeting minutes, most recent management accounts and statutory accounts as well as meeting with key members of staff, including the Executive team.

Consideration is regularly given to the Charity Governance Code to ensure that the organisation is following best practice.

Organisation

The Board of Trustees is responsible for the strategic direction of the charity. The Board is required to meet at least 3 times a year. It has two sub-committees responsible for looking at specific areas in more detail: 1. Finance and Risk, and 2. Nominations.

The Trustees have delegated the operational day to day running of the charity to the Executive team - the Artistic Director/CEO and Executive Director.

Remuneration of Key Management Personnel

Key management personnel are those that the Trustees have delegated the day-to-day running of the charity to. During the year the Trustees considered the Artistic Director and Executive Director to be the key management personnel. Their remuneration is reviewed annually by the Nominations Committee with reference to industry standards.

Related Parties

Page 17

Trustees’ report For the year ended 31 March 2024

Kiln Theatre

The charity has two wholly owned subsidiary companies; Kiln London Productions Limited (formerly Tricycle London Productions Limited) and Tricycle Screen Limited. There are no other related parties.

Risk Management

The Trustees have identified the major risks to which the charity is exposed, and systems have been established to mitigate these risks. The main procedures in place for identifying, evaluating and managing risks are:

As at 31 March 2024, the Trustees considered the key risks to Kiln Theatre to be the challenging fundraising environment, uncertainty surrounding box office receipts and the ongoing challenge to develop a long-term and sustainable business model.

The Trustees actively monitor risk mitigation strategies for all risks the organisation faces and, in the case of the above key risks, are actively involved in oversight of a 3 year fundraising strategy, support and monitoring of audience development opportunities and exploration of additional commercial opportunities to bring in additional revenue.

6. TRUSTEES' RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS Draft

The Trustees (who are also directors of Kiln Theatre for the purposes of company law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the Trustees are aware:

Page 18

Kiln Theatre

Trustees' report For the year ended 31 March 2024

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the reparation and dissemination of financial statements may differ from legislation in other jurisdictions.

7. AUDITORS

Nyman Libson Paul LLP were appointed as auditors during the year, after a competitive retender process in accordance with our financial procedures.

The Trustees' Report, which incorporates the Strategic Report, has been approved by the Board of Trustees.

vt cvn .L--L C--?t J � � Sabine Chalmers Chair of the Trustees 14 October 2024

Page 19

Independent auditors’ report to the members For the year ended 31 March 2024

Kiln Theatre

Opinion

We have audited the financial statements of Kiln Theatre (the 'parent charitable company') and its subsidiaries (the 'group') for the year ended 31 March 2024 which comprise the consolidated statement of financial activities, the consolidated balance sheet, the charity balance sheet, the consolidated statement of 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 applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Draft Group 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 going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based 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 Group's or the parent charitable company's ability to continue as a going concern for a period of 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 of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditors' report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our

Page 20

Kiln Theatre

Independent auditors’ report to the members (continued) For the year ended 31 March 2024

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.

Opinion on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of 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:

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the Group's and the parent 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 Group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditors' 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 from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an

Page 21

Independent auditors’ report to the members (continued) For the year ended 31 March 2024

Kiln Theatre

audit conducted in accordance with ISAs (UK will always detect 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 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 to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the charity and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed noncompliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the trustees that represented a risk of material misstatement due to fraud.

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.org.uk/auditorsresponsibilities. This description forms part of our auditors' report.

Use of our report

This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of the Charities (Accounts and Reports Regulations 2008. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.

Andrew Thomas (senior statutory auditor)

for and on behalf of Nyman Libson Paul LLP Chartered Accountants Statutory Auditors 124 Finchley Road, London, NW3 5JS Date: 23 October 2024

Page 22

Kiln Theatre

Consolidated statement of financial activities (Incorporating an income and expenditure account) For the year ended 31 March 2024

Notes
Income and
endowments from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
Theatre tax credit
6
7
Total income
Expenditure on:
Raising funds
Raising donations
8
Costs of trading
8
Charitable activities
8
Total expenditure
Net income /
(expenditure) for the
year
Transfers between funds
10
Net movements in funds
Funds brought forward
Funds carried forward
10		 General
Fund
£
1,427,291
1,282,563
318,696
23,346
370,695
3,422,591
240,533
369,491
2,817,616
3,427,640
(5,049)
490,402
485,353
633,564
1,118,917		 Designated
Funds
£
-
-
-
(490,402)
(490,402)
577,000
86,598		 Restricted
Funds
£
657,317
657,317
800,275
800,275
(142,958)
(142,958)
9,944,056
9,801,098		 2024
Total
£
2,084,608
1,282,563
318,696
23,346
370,695
4,079,908
240,533
369,491
3,617,891
4,227,915
(148,007)
(148,007)
11,154,620
11,006,613		 2023
Total
£
1,819,760
1,210,116
281,768
15,677
324,227
3,651,548
255,004
406,069
3,527,983
4,189,056
(537,508)
-
(537,508)
11,692,128
11,154,620

The Statement of Financial Activities contains all recognised gains and losses in the year.

All activities relate to continuing operations.

The notes on pages 26 to 40 form part of these financial statements.

Page 23

Kiln Theatre Consolidated Balance Sheet at 31 March 2024

Notes
Fixed assets
Tangible fixed assets
11
Current assets
Stock
Debtors
15
16
Cash
Creditors: amounts falling due
in less than one year
17
Net current assets
Net assets
Represented by:
General fund
10
Designated funds
10
Restricted funds:
10
-
Capital funds
-
Income funds
Net assets
18		 2024
£
8,826
521,655
1,598,489
2,128,970
(526,736)
9,404,379
396,719		 2024
£
£
9,404,379
1,602,234
11,006,613
1,118,917
86,598
9,801,098
11,006,613		 2023
£
5,143
633,939
1,420,283
2,059,365
(589,989)
9,685,244
258,812		 2023
9,685,244
1,469,376
11,154,620
633,564
577,000
9,944,056
11,154,620

The notes on pages 26 to 40 form part of these financial statements

The financial statements were approved by the Board on 14 October 2024.

v1 vt v-..Q �J � �_

Sabine Chalmers

Chair

Page 24

Kiln Theatre Charity Balance Sheet at 31 March 2024

Notes
Fixed assets
Tangible fixed assets
11
Investments
13
Current assets
Debtors
14
Cash
Creditors: amounts falling due
in less than one year
16
Net current assets
Net assets
Represented by:
General fund
10
Designated funds
10
Restricted funds:
10
Capital funds
Income funds
Net assets
18		 2024
£
553,411
1,589,666
2,143,077
(524,306)
9,404,379
396,719		 2024
£
£
9,404,379
200
9,404,579
1,618,771
11,023,350
1,135,654
86,598
9,801,098
11,023,350		 2023
£
691,722
1,403,590
2,095,312
(581,114)
9,685,244
258,812		 2023
9,685,244
200
9,685,444
1,514,198
11,199,642
678,586
577,000
9,944,056
11,199,642

As permitted by s408 Companies Act 2006, the charity has not presented its own profit and loss account and related notes. The charity's net expenditure as defined by the Companies Act 2006 for the year was £176,292 (2023: Net expenditure of £510,507).

The notes on pages 26 to 40 form part of these financial statements

The financial statements were approved by the Board on 14 October 2024.

v1 vt v-..Q �J � �_ Sabine Chalmers

Chair

Page 25

Kiln Theatre Consolidated statement of cash flows For the year ended 31 March 2024

Notes
Cash flows from operating
activities:
Net income (expenditure) for the
reporting period
Tax credit receivable
Depreciation
Amortisation of intangible fixed asset
Decrease/(Increase) in stock
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Net cash provided by operating
Activities
Net cash movement
Cash at 1 April 2023
Cash at 31 March 2024
Net cash movement
20		 2024
£
(518,702)
370,695
280,865
(3,683)
112,284
(63,253)
178,206		 £
178,206
1,420,283
1,598,489
178,206		 2023
£
£
(861,736)
324,228
319,127
11,363
2,396
(261,137)
(9,038)
(474,797)
(474,797)
1,895,080
1,420,283
(474,797)		 2023
£
£
(861,736)
324,228
319,127
11,363
2,396
(261,137)
(9,038)
(474,797)
(474,797)
1,895,080
1,420,283
(474,797)
(474,797)
1,895,080
1,420,283
(474,797)

Page 26

Kiln Theatre

Notes to the financial statements For the year ended 31 March 2024

1. Accounting policies

1.1

Accounting convention

The financial statements have been prepared under the historical cost convention. The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) second edition and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019.

The Charity constitutes a public benefit entity as defined by FRS102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The consolidated statement of financial activities (SOFA) and consolidated balance sheet consolidate the financial statements of the Charity and its subsidiary undertakings. The results of the subsidiary are consolidated on a line by line basis

1.2

Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees have reviewed the future cashflow and financial plans of the organisation in detail and, whilst there is always some unpredictability as to the level of earned income, they are comfortable with the underlying assumptions and can therefore confirm that it is appropriate to continue to produce the accounts on a going concern basis.

1.3 Income

Income from donations and grants, including capital grants and Arts Council and local authority funding, is included in income when there is entitlement, probability of receipt and the amount can be measured with sufficient reliability, unless the donor has specified that the donation or grant relates to a future period or that certain pre-conditions must be fulfilled before use. In these cases, amounts received are recognised in the relevant period or when the pre-conditions have been met and until then treated as deferred income. Donations and grants for particular purposes are included in incoming resources as restricted funds.

Production Income is included in income in the period in which the relevant performance takes place. Income related to productions in a subsequent period is treated as deferred income.

Grants are included in the Statement of Financial Activities when the Charity is entitled to receive the money.

All other income is recognised on an accruals basis once the charity is legally entitled to receipt.

All income is recorded net of VAT.

Page 27

Kiln Theatre

Notes to the financial statements (continued) For the year ended 31 March 2024

1. Accounting policies (continued)

(continued)

1.4

Expenditure

Expenditure is included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.

Expenditure is recognised when a liability is incurred. Costs of raising funds are those costs incurred in attracting voluntary income and those incurred in the operation of trading activities which raise funds. Charitable activities include expenditure associated with the operation of the theatre and such directly associated activities as the creative engagement programme (educational and outreach). Cost of charitable activities includes both the direct cost of activities and related support costs. Support costs include central functions and have been allocated to activity costs on a basis consistent with the use of resources. This is frequently on the basis of staff time spent in each area but other bases such as usage are also employed. Support costs also include Governance costs. Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.

Where performances of a production straddle the balance sheet date, production costs are apportioned in relation to the number of performances falling within each period and the amount relating to performances after the balance sheet date are treated as debtors.

1.5 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, once brought into use, as follows:

Leasehold improvements Over the life of the lease Freehold land Nil Leasehold land Over the life of the lease Fixtures, fittings and equipment 25% straight line

1.6 Intangible fixed assets and amortisation

Intangible fixed assets are stated at costs less amortisation. Intangible fixed assets held on the balance sheet relate to the costs associated with the website. This is amortised over five years as this is the period deemed to be the life of the website.

1.7 Leasing

Rent payable under operating leases is charged against income on a straight-line basis over the lease term.

1.8 Investments

The Statement of Recommended Practice requires investments to be included initially at cost and subsequently at fair value, unless a reliable valuation cannot be obtained in which case they should be included at cost.

The investments of Kiln Theatre consist of two subsidiaries, Tricycle Screen Limited and Kiln London Productions Limited. Both companies are unlisted and the Trustees consider it appropriate to include the investments at cost.

Page 28

Kiln Theatre

Notes to the financial statements (continued) For the year ended 31 March 2024

1. Accounting policies (continued)

(continued)

1.9

Stock

Stock is held in the balance sheet and is valued at the lower of cost and net realisable value.

1.10 Pensions

The charity operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the Statement of Financial Activities in the year they are payable.

1.11 Consolidation

The consolidated financial statements present information about the company and its wholly owned subsidiary companies Tricycle Screen Limited and Kiln London Productions Limited.

1.12 Fund accounting

Funds received for a purpose specified by the donor are credited to restricted funds. Expenditure incurred on these purposes is then charged to the funds as it is incurred.

All other income is treated as unrestricted funds. The Trustees have chosen to designate certain funds for specific future expenditure as explained in the Trustees’ Report.

1.13 Financial instruments

The Charitable 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 measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments

1.14 Critical accounting judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors do not believe that there is a significant risk of a material adjustment being made to the carrying amounts of assets and liabilities included in these financial statements within the next financial year.

2.

Status of company

The company is a registered charity, limited by guarantee. The total of such guarantees at 31 March 2024 was £9 (2023: £10).

Page 29

Kiln Theatre

Notes to the financial statements (continued) For the year ended 31 March 2024

3.
Income from donations and legacies
Unrestricted
£
Creative engagement grant income
-
Grant income
276,250
Donations
205,140
Arts Council England income
945,901
London Borough of Brent
-
1,427,291
Total 2023
1,286,849		 Restricted
£
341,161
300,322
13,834
-
2,000
657,317
532,911		 Total
2024
£
341,161
576,572
218,974
945,901
2,000
2,084,608
1,819,760

The Arts Council supported the Theatre with a National Portfolio Organisation grant which amounted to £945,901 in 2023/24 (2023: Total of £844,782). We received £2,000 from Brent Council in 2024 (2023: £1,640). Total government grant funding in the year was £947,901 (2023: £846,422).

Page 30

Kiln Theatre

Notes to the financial statements (continued) For the year ended 31 March 2024

4. Income from charitable activities

Unrestricted
£
Production income
1,263,780
Workshops and courses
18,783
1,282,563
Total 2023
1,210,116		 Restricted
£
-
-
-
-		 Total
2024
£
1,263,780
18,783
1,282,563
1,210,116

5.

Income from other trading activities

ncome from other trading activities
Total/ Total/
Unrestricted Unrestricted
2024 2023
£ £
Sales and merchandising 287,240 254,805
Sundries 31,456
26,963
318,696
281,768

6. Investment income

Unrestricted/ Unrestricted/
Total Total
2024 2023
£ £
Exchange movement -
10,311
Interest received 23,346
5,366
23,346
15,677

7. Taxation

The company is registered as a charity under the Charities Act 2011 and as such is entitled to the exemptions under Income and Corporation Taxes 1988. The tax credit of £370,695 (2023: £324,227) recognised in the Statement of Financial Activities represents the amount receivable for Theatre Tax Relief.

Page 31

Kiln Theatre

Notes to the financial statements (continued) For the year ended 31 March 2024

8.
Expenditure
Direct
costs
£
Raising funds
Raising donations
155,183
Trading
238,382
393,565
Charitable activities
Production
1,920,044
Creative engagement
339,657
Cinema
74,432
2,334,133
2,727,698
Total 2023
2,683,080
Support costs
Advertising, publicity and marketing
Administrative staff
Premises costs
Office costs
Professional and financial
Governance
Audit fee
Other fees paid to auditors
Depreciation and amortisation
Operating lease payments
9.
Auditors’ remuneration
Fees payable to the Charity’s auditor for the audit of the Charity’s annual
accounts		 Support
costs
£
85,350
131,109
216,459
1,056,012
186,809
40,937
1,283,758
1,500,217
1,505,976
2024
271,125
127,140
589,480
132,574
34,264
2,238
18,938
3,940
280,865
39,653
1,500,217
2024
£15,250		 Total
2024
£
240,533
369,491
610,024
2,976,056
526,466
115,369
3,617,891
4,227,915
4,189,056
2023
239,546
183,497
532,895
112,439
32,090
2,721
27,424
7,944
330,490
36,930
1,505,976
2023
£21,880

Page 32

Kiln Theatre

Notes to the financial statements (continued) For the year ended 31 March 2024

10. Employees

Number of employees

The average number of employees during the year was 78 (2023: 75). This is split as follows:

Number of staff
Finance and Administration
Production
Artistic
Fundraising
Front of House and café and bar Staff
Creative engagement
Operations
Employment costs
Wages and salaries
Social security costs
Other pension costs		 2024
No
7
13
4
5
23
12
14
78
2024
£
1,562,562
135,070
48,452
1,746,084		 2023
No
8
11
5
4
25
12
10
75
2023
£
1,464,552
132,190
45,311
1,642,053

No Directors of the company were employed or received any remuneration or reimbursement of expenses.

Salaries over £60,000
2024 2023
Between £60,000 and £70,000 1 2
Between £70,000 and £80,000 1

Key management personnel is defined as the Executive Team. Total remuneration of key management personnel in the period was £215,504 (2023: £150,753).

Included within wages and salaries costs are redundancy and termination payments of £51,995 (2023: £nil). There were no outstanding payments at year end (2023 £Nil).

Page 33

Kiln Theatre

Notes to the financial statements (continued) For the year ended 31 March 2024

11. General, restricted and designated funds

Restricted income funds
Creative engagement
National Lottery Heritage
Fund
Productions
Other
Restricted capital funds
Leasehold improvements
Freehold land
Leasehold premises
Total restricted funds
General fund
Designated funds
Capital improvement
Three months operating
costs
Total designated fund
Total
Total 2023		 Balances b/f
£
100,631
13,301
20,000
124,880
258,812
8,984,779
350,000
350,465
9,685,244
9,944,056
633,564
100,000
477,000
577,000
11,154,620
11,692,129		 Income
£
341,161
183,796
132,360
657,317
-
-
-
-
657,317
3,422,591
-
-
-
4,079,908
3,651,549		 Expenditure
£
328,772
3,325
58,796
128,517
519,410
275,496
-
5,369
280,865
800,275
3,427,640
-
-
-
4,227,915
4,189,058		 Transfers
£
-
-
-
-
-
-
-
-
-
-
490,402
(13,402)
(477,000)
(13,402)
-
-		 Balances c/f
£
113,020
9,976
145,000
128,723
396,719
8,709,283
350,000
345,096
9,404,379
9,801,098
1,118,917
86,598
-
563,598
11,006,613
11,154,620

Restricted funds

Restricted funds can only be spent on the projects they were given to support. The income funds held at the 31 March 2024 are primarily to support creative engagement activity, commissions, the Bloomberg Digital Accelerator programme and productions.

Restricted capital funds represent the fundraising carried out for the major capital projects. Covenants in place governing the future use of the building mean that these funds remain restricted even when the work is complete.

Designated Funds

The Trustees have maintained one designated fund. £86,598 is set aside as a capital maintenance fund.

Page 34

Kiln Theatre

Notes to the financial statements (continued) For the year ended 31 March 2024

12. Fixed assets

Charity and Group

Cost
At 1 April 2023
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
At 31 March 2024
At 31 March 2023		 Leasehold
Improvements
£
10,993,154
10,993,154
2,013,474
275,496
2,288,970
8,704,184
8,979,680		 Freehold
Land
£
350,000
350,000
-
-
350,000
350,000		 Leasehold
Premises
£
593,024
593,024
237,460
5,369
242,829
350,195
355,564		 Fixtures,
Fittings and
Equipment
£
490,613
490,613
490,613
-
490,613
-
-		 Total
£
12,426,791
12,426,791
2,741,547
280,865
3,022,412
9,404,379
9,685,244

13. Intangible fixed assets

Charity and Group


Cost
Cost brought forward
Additions
At 31 March 2024
Amortisation
Amortisation brought forward
Charge for the year
At 31 March 2024
At 31 March 2024
At 31 March 2023		 Website
£
56,616
-
56,616
56,616
-
56,616
-
-

Page 35

Notes to the financial statements (continued) For the year ended 31 March 2024

Kiln Theatre

14. Investments

nvestments
Shares in
subsidiary
undertakings
£
Cost
At 1 April 2023 and 31 March 2024 200
Net book value
At 1 April 2023 and 31 March 2024 200

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company Country of Class Shares %
corporation held
Tricycle Screen Limited England and Ordinary 100 100
(03077972) Wales
Kiln London Productions England and Ordinary 100 100
Limited (04807399) Wales

The result of these companies in the year ended 31 March 2024 have been consolidated into these accounts and are as follows:

Company Income Expenditure Profit/(loss) Reserves at
31 March
2024
Tricycle Screen Limited 266,667 238,382 28,285 (8,366)
(03077972)
Kiln London Productions - - - (8,371)
Limited (04807399)

Page 36

Kiln Theatre

Notes to the financial statements (continued) For the year ended 31 March 2024

15.
Stock
Charity
Stock in hand
Group
Stock in hand
16.
Debtors
Charity
Trade debtors
Amounts due from subsidiaries
VAT
Other debtors
Prepayments and accrued income
Group
Trade debtors
VAT
Other debtors
Prepayments and accrued income		 2024
£
-
2024
£
8,826
2024
£
10,903
32,816
9,154
8,971
491,567
553,411
2024
£
11,963
9,154
8,971
491,567
521,655		 2023
£
-
2023
£
5,143
2023
£
56,800
59,490
404
21,072
553,956
691,722
2023
£
56,800
404
22,593
554,142
633,939

Page 37

Notes to the financial statements (continued) For the year ended 31 March 2024

Kiln Theatre

17.
Creditors
Charity
Trade creditors
Other tax and social security
Accruals
VAT provision
Other creditors
Deferred income
Group
Trade creditors
Other tax and social security
Accruals
VAT provision
Other creditors
Deferred income		 2024
£
89,647
48,050
62,836
166,703
62,059
95,011
524,306
2024
£
91,548
48,050
63,301
166,703
62,123
95,011
526,736		 2023
£
129,551
31,788
85,539
165,673
81,731
86,832
581,114
2023
£
132,428
31,002
90,040
165,673
84,014
86,832
589,989

Deferred income of £95,011 relates to ticket sales for productions taking place after the year end (2023 £86,832 relates to ticket sales for productions taking place after the year end and co production payments received in respect of productions due to take place in 2023/24). All deferred income brought forward at 1 April 2023 was recognised in the year.

Page 38

Notes to the financial statements (continued) For the year ended 31 March 2024

Kiln Theatre

18. Financial commitments

18.1

Operating leases

As at 31 March 2024, the company had annual commitments under non-cancellable operating leases as follows:

ases as follows:
Expiry date:
Within 1 year
Within 1 – 2 years
Within 2 – 5 years
In more than 5 years		 Land and
2024
£
37,939
37,939
113,817
793,286
982,981		 building
2023
£
37,939
37,939
113,817
831,156
1,020,851		 Equipment
2024
2023
£
£
-
176
-
-
-
-
-
-
-
176
176

Kiln Theatre has 3 leases. The landlords of the first lease are The Trustees of Court Abbey 1940 Branch of the Ancient Order of Foresters and the lease term is until 11 April 2052. The second lease is with Brent Council and is for a period of 125 years from 1995 so will end in 2120. The third is with the Governors of Peabody Trust and the lease term is until 22 August 2042.

On 29 February 2016 the Arts Council of England took out a legal charge over the property at 269 Kilburn High Road in respect of the use of its funding for the capital project that runs for 20 years.

Page 39

Kiln Theatre

Notes to the financial statements (continued) For the year ended 31 March 2024

19. Analysis of funds

Group
Fixed assets
Current assets
Current liabilities
Charity
Fixed assets
Current assets
Current liabilities
Group
Fixed assets
Current assets
Current liabilities
Charity
Fixed assets
Current assets
Current liabilities		 General
funds
-
1,168,653
(526,736)
641,917
200
1,182,760
(524,306)
658,654
General
Funds
-
1,223,553
(589,989)
633,564
200
1,259,500
(581,114)
678,586		 Designated
Restricted
funds
funds
£
£
9,404,379
563,598
396,719
-
563,598
9,801,098
9,404,379
563,598
396,719
-
563,598
9,801,098
Designated
Restricted
Funds
Funds
£
£
-
9,685,244
577,000
258,812
-
-
577,000
9,944,056
-
9,685,244
577,000
258,812
-
-
577,000
9,944,056		 Total
2024
£
9,404,379
2,128,970
(526,736)
11,006,613
9,404,579
2,143,077
(524,306)
11,023,350
Total
2023
£
9,685,244
2,059,365
(589,989)
11,154,620
9,685,444
2,095,312
(581,114)
11,199,642

Page 40

Notes to the financial statements (continued) For the year ended 31 March 2024

Kiln Theatre

20. Pension commitments

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered fund. The pension cost charge represents contributions payable by the charity to the fund and amounted to £48,452 (2023: £45,311). £15,347 (2023: 19,481) was payable to the fund at the balance sheet date.

21. Analysis of net debt

Cash at 1 April Cash movement Cash at 31
2023 March 2024
£ £ £
Cash held 1,420,283 178,206 1,598,489

22. Related party transactions

At the year end, the company was owed £24,545 (2023: £51,218) from Tricycle Screen Limited and £8,271 (2023: £8,271) from Kiln London Productions Limited. In the year costs of £nil (2023 £nil) were recharged.

No Trustees received any remuneration during the year

The charity received an aggregate amount of £6,134 in donations from Trustees during the year. (2023: £7,732)

Page 41