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|---|---|---|---|---|---|---|
|Reference and Administrative||Details||||1-2|
|Trustees'
Report||||||3-13|
|Auditors'
Report||||||14-17|
|Statement
of Financial|Activities||(including|Income and Expenditure|Account)|18-23|
|Balance Sheet||||||24|
|Cash Flow Statement||||||25|
|Notes to the Financial|Statements|||||26-37|
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||||||Statement of|Financial Activities (including|Financial Activities (including|Financial Activities (including|Income and|Expenditure|Account)||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||for the||year ended 31 March 2023|||||
|||||||Unreslricted|Restricted||2023
Unrestricted||Restricted|2022|
|||||||funds||funds|Total|'lunds|funds|Total|
||||||Notes|2||2|2|2|2|6|
|Income and endowments||||from:|2||||||||
|Donations
and legacies - page 19||||||187,355|||187,355|541,254||541,254|
|Charitable
activities:|||||||||||||
|Theatre income||- pages||20-21||461,472||535,493|996,965|410,453|395,325|805,778|
|Investments||||||822|||822|7||7|
|Total||||||649,649||535,493|1,185,142|951,714|395,325|1,347,039|
|Expenditure
on:|||||||||||||
|Raising funds;|||||||||||||
|Fundraising||||||507|||507|4,875||4,875|
|Charitable
activities:|||||||||||||
|Theatre - page|22|||||748,372||447,046|1,195,418|823,498|388,055|1,211,553|
|Total||||||748,879||447,046|1,195,925|828,373|388,055|1,216,428|
|Net Income I(expenditure)|||||3|(99,230)||88,447|(10,783)|123,341|7,270|130,611|
|Transfers
between|funds||||14,15|4,382||(4,382)||893|(893)||
|Net movement
in funds:||||||(94,848)||84,065|(10,783)|124,234|6,377|130,611|
|Reconciliation
offunds:|||||||||||||
|Total funds brought|||forward|||268,680||57,133|325,813|144,446|50,756|195,202|
|Total funds carried||forward|||14,15|173,832||141,198|315,030|268,680|57,133|325,813|
##
##
||||||||2023|||2022||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Income from donations||||and|legacies|||||||
|Grants||||||||||||
|COVID-19 emergency|||funding|||||||||
|ACE Culture
Recovery|||Fund||||||239,584|||
|HMRC Coronavirus||Job Retention Scheme|||||||22,157|||
|London Borough|of|Camden|||Restart||||26,000|||
||||||||||||287,741|
|British Land||||||31,217|||35,700|||
|Plato Trust||||||20,000||||||
|Regents Place||||||74,473|||9,500|||
|Esmee Fairbairn|Foundation||||||||60,000|||
|Foyle Foundation|||||||||20,000|||
|John Ellerman
Foundation||||||30,000|||25,000|||
|Maitland|||||||||20,000|||
|Garfield Weston|Foundation|||||15,000|||20,000|||
|||||||||170,690|||190,200|
|||||||||170,690|||477,941|
|Donations||||||||||||
|Individual
giving/donations||||||1,665|||48,613|||
|Pleasance Theatre|||||||||4,700|||
|Santander
Season||Sponsorship||||10,000|||10,000|||
|Fundraising||||||5,000||||||
|||||||||16,665|||63,313|
|||||||||187,355|||541,254|
##
##
||||2023|2022|
|---|---|---|---|---|
|Income from|charitable|activities|||
|Theatre income|||||
|Fees|||250|885|
|NDT Box office|||47,869|70,955|
|Royalties|||1,317||
|Co-production|||272,440|36,000|
|NDT Broadgate|||20,737|213,529|
|Hire of venue|(Artistic and|Corporate)|30,153|1,145|
|Cafe/Bar|||87,758|61,822|
|Sundry|||948|26,117|
||||461,472|410,453|
##
||||Year ended 31 March 2023||
|---|---|---|---|---|
||||2023|2022|
|Project specific funding|||||
|Grants/Donations|||||
|ACE - Access Programme|||1,660|14,940|
|ACE - Backstage|||22,966||
|ACE - Camden
Youth Theatre|||1,415|12,735|
|ACE - New Show Development|||26,385||
|ACE - NDT Broadgate|||4,863|43,767|
|ACE - In-house
production||||1,620|
|ACE - Artist Development|||62,550|29,340|
|ACE - Production
grants|||35,498||
|Andrew
LLoyd Webber Foundation|||25,000||
|Civilisation
Co-Production|funding|||1,870|
|Camden
People's Theatre||||18,475|
|City of London CILNF|||77,320|77,320|
|CLINF Broadgate Legacy Fund|||45,200||
|D'Oyly Carte Charitable
Trust||||3,500|
|Passion
Fruit Co-Production||funding||13,482|
|Jack Petchey Fund|||5,640|1,350|
|British Land|||102,704||
|John Lyon's Charity|||20,000|3,200|
|Cockayne
Foundation|||15,000|20,000|
|Harold
Hyam Wingate|||3,200||
|Helen
Hamlyn
Foundation|||5,000||
|HS2 Community
Fund|||10,117|10,117|
|Jerwood
Arts|||54,000|15,000|
|Kickstart Scheme|||6,511|9,065|
|London Borough of Camden||||8,000|
|For Black Boys Co-Production||funding||38,500|
|Police Cops Co-Production|funding|||17,131|
|PRS||||4,750|
|Theatre's
Trust|||7,175|5,000|
|Viridor Credits Communities||Fund||43,163|
|Writers Guild|||3,289||
|Young Camden||||3;000|
||||535,493|395,325|
##
##
||||2023|2022|
|---|---|---|---|---|
|Expenditure
on charitable||activities|||
|Theatre|||||
|Production costs|||||
|Boxoffice ticketing fees|||676|4,692|
|Salaries/fees|||436,385|431,066|
|Social security costs|||21,910|13,901|
|Staff pension costs|||13,678|3,458|
|Production costs|||241,404|22,205|
|Sets/costumes/props|||9,778|31,236|
|Performance access|||2,132|2,075|
|Organisational
development|||8,891||
|Travel/transport/freight|||12,355|424|
|Hospitality|||2,130|3,947|
|Artist support costs|||5,684|83,241|
|Artist development|||1,507||
|Publicity|||68,313|63,323|
|Outreach|||3,648|3,588|
|Light/sound|||19,640|8,653|
|NDT Broadgate|||37,949|336,837|
|Public spaces refurbishment||costs|14,569|79,495|
|The Knot|||14,660||
|Research/development|||5,554||
|Depreciation
of fixtures/fittings/equipment|||5,646|2,458|
|Opening
stock|||3,110||
|Cafe/bar purchases|||40,119|29,182|
|Cafe/bar salaries/casual|staff||46,155||
||||1,015,893|1,119,781|
|Support costs - page 23|||171,850|88,141|
|Governance
costs - page|23||10,320|6,741|
|Closing stock|||(2,645)|(3,110)|
||||1,195,418|1,211,553|
##
|||||(Limited by Guarant|ee)|||
|---|---|---|---|---|---|---|---|
|||||Year ended 31 March|2023|||
|||||2023|||2022|
|Support and governance||costs||||||
|Support costs||||||||
|Office overheads||||||||
|Rent/rates/service|charges|||52,932||(2,734)||
|Light/heat||||29,219||6,441||
|Telephone/fax/internet||||5,187||6,722||
|Insurance||||6,461||3,523||
|Repairs/maintenance||||24,188||16,310||
|Cleaning
materials||||8,733||2,236||
|Equipment
maintenance/purchase||||2,904||10,339||
|Depreciation
of "Studio"||||1,054||1,054||
||||||130,678|||
|Administration
costs||||||||
|Casual/other
staff||||4,346||12,649||
|Staff training||||1,631||2,345||
|Staff recruitment||||272||||
|Travel||||3,381||2,652||
|Printing/postage/stationery||||2,729||2,591||
|Auditorium
seating|service|||407||447||
|Subscriptions/licences||||3,507||2,275||
|IT/software
support/website||||7,089||5,890||
|Sundries||||3,010||1,805||
||||||26,372|||
|Professional/financial||||||||
|Bookkeeping||||||9,750||
|Consultancy
fees||||1,500||||
|Evaluation
costs||||12,028||||
|Bank charges||||417||1,355||
||||||13,945|||
|Deficit on disposal|of tangible||fixed assets||855|||
||||||171,850|||
|Governance costs||||||||
|Legal||||70||361||
|Accountancy||||5,000||1,630||
|Audit||||5,250||4,750||
||||||10,320|||
||||||182,170|||
|||||23||||
##
||||Balance Sheet|Balance Sheet|||||
|---|---|---|---|---|---|---|---|---|
||||31 March|2023|||||
|||||2023|||2022||
|||Notes|||||||
|Fixed assets|||||||||
|Tangible assets|||||20,101|||11,592|
|Current assets|||||||||
|Stocks||9|2,645|||3,110|||
|Debtors||10|47,990|||120,707|||
|Cash at bank and in hand|||382,521|||387,142|||
||||433,156|||510,959|||
|Liabilities|||||||||
|Creditors: amounts|falling||||||||
|due within one year||11|(138,227)|||(196,738)|||
|Net current assets|||||294,929|||314,221|
|Total assets less current|||||||||
|over total assets|||||315,030|||325,813|
|The funds ofthe charity|||||||||
|Unrestricted
funds||14|||||||
|- General fund|||||124,541|||219,389|
|- Designated
funds|||||49,291|||49,291|
||||||173,832|||268,680|
|Restricted funds||15|||141,198|||57,133|
|Total charity funds|||||315,030|||325,813|
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash flows from operating||activities||21|10,621|(7,891)|
|Cash flows from investing||activities:|||||
|Dividends,|interest and rents from investments||||822|7|
|Purchase|of property,
plant and equipment||||(16,064)|(2,154)|
|Net cash|provided
by investment
activities||||(15,242)|(2,147)|
|Change
in|cash at bank and|in hand
in the|reporting|period|(4,621)|(10,038)|
|Cash at bank and in hand at the beginning|||ofthe reporting||||
|period|||||387,142|397,180|
|Cash at bank and in hand||at the end of|the reporting||||
|period|||||382,521|387,142|
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|Net income/(expenditure)
for the year is|2023|2022|
|---|---|---|
|stated after charging:||R|
|Depreciation
of tangible
fixed assets|6,700|3,512|
|Deficit on disposal
of tangible
fixed assets|855|2,491|
|Auditors'/Independent
examiners'
remuneration|||
|- independent
examination
(2021)|2,250|1,630|
|- external
audit|5,250|4,750|
|- other services|2,750||
##
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##
|for the year ended|31 March 2023||
|---|---|---|
|Staff costs and numbers|2023|2022|
|Staff costs|||
|Salaries and wages|276,663|211,843|
|Social security costs|21,910|13,901|
|Pension costs|13,678|3,458|
||312,251|229,202|
##
|2023|2022||
|---|---|---|
|Number|Number||
|||10|
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##
|8.|Fixed assets - tangible assets||Fixtures/||
|---|---|---|---|---|
||||fittings/|Total|
|||Studio|equipment||
||Cost||||
||1 April 2022|10,541|19,314|29,855|
||Additions||16,824|16,824|
||Disposals||(2,154)|(2,154)|
||31 March 2023|10,541|33,984|44,525|
||Depreciation||||
||1 April 2022|6,324|11,939|18,263|
||On disposals||(539)|(539)|
||Charge for year|1,054|5,646|6,700|
||31 March 2023|7,378|17,046|24,424|
||Net book values||||
||31 March 2023|3,163|16,938|20,101|
||31 March 2022|4,217|7,375|11,592|
|9.|Stocks||2023|2022|
||Stocks||2,645|3,110|
|10.|Debtors||2023|2022|
|||||R|
||Trade debtors||21,583|107,284|
||Other debtors||9,561|253|
||Prepayments||16,846|13,170|
||||47,990|120,707|
##
##
|11.|Creditors: amounts|Creditors: amounts|Creditors: amounts|falling|due|2023|2022|
|---|---|---|---|---|---|---|---|
||within|one year||||||
||Trade creditors|||||29,134|28,217|
||Other taxation/social|||security|||14,839|
||Other creditors|||||767|3,211|
||Accruals|||||8,000|7,750|
||Deferred|income|(note 12)|||100,326|142,721|
|||||||138,227|196,738|
|12.|Deferred|income||||||
||Balance|at 1 April|2022||||142,721|
||Amount|released|to|incoming|resources||(142,721)|
||Amount|deferred|in the year||||100,326|
||Balance|at 31 March 2023|||||100,326|
##
##
|14.|Unrestricted|funds|Brought|Incoming|Outgoing|Transfers|Carried|
|---|---|---|---|---|---|---|---|
||||forward|resources|resources||forward|
||General
fund||219,389|649,649|(748,879)|4,382|124,541|
||Designated
funds:|||||||
||Commissioning|and|49,291||||49,291|
||Resilience fund|||||||
||||268,680|649,649|(748,879)|4,382|173,832|
##
##
##
|Restricted funds||Brought|Incoming|Outgoing|Transfers|Carried|
|---|---|---|---|---|---|---|
|||forward|resources|resources||forward|
|Fixed assets||2,000|||(500)|1,500|
|10th Anniversary|Season|10,000||(10,000)|||
|Access Programme|||1,660|(1,660)|||
|Artist Development||27,720|87,550|(90,270)||25,000|
|Broadgate|||105,583|(105,583)|||
|Kickstart Scheme|||6,511|(6,511)|||
|Theatre||1,178|30,141|(19,324)|(3,882)|8,113|
|upgrade/Cafe|||||||
|refurbishment|||||||
|Camden
community|||10,117|(10,117)|||
|engagement|||||||
|Camden
Youth Theatre||16,235|27,055|(23,290)||20,000|
|Intervention
01|||62,200|(62,200)|||
|Communities|||79,304|(79,304)|||
|Commissioning|||125,372|(38,787)||86,585|
|||57,133|535,493|(447,046)|(4,382)|141,198|
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|Analysis of ne|t assets between fun|ds||||
|---|---|---|---|---|---|
|||General|Designated|Restricted|Total|
|||funds|funds|funds||
|Fund balances|at 31 March 2023|||||
|are represented|by:|||||
|Tangible fixed|assets|10,488||9,613|20,101|
|Net current assets||114,053|49,291|131,585|294,929|
|||124,541|49,291|141,198|315,030|
##
|At 31 March 2023 the company
had future
minimum
leases, with payments
falling due as follows:|lease payments
under non-cancellabl|e
operating|
|---|---|---|
||2023|2022|
|Due:|||
|Within one year|36,500|36,500|
|Between one and five years|146,000|146,000|
|In over five years|141,438|177,938|
||323,938|360,438|
##
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|19.|Gross Cash Flows|||||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||R||
||Returns on investments
and servicing offinance|||||||
||Interest received|||||822||
||Capital expenditure|||||||
||Payments
to acquire|tangible assets||||(16,824)|(2,154)|
||Receipts from sales of tangible assets|||||760||
|||||||(16,064)|(2,154)|
|20.|Analysis of changes|in net funds||||||
||||||Opening|Cash|Closing|
||||||balance|flows|balance|
||Cash at bank and in|hand|||387,142|(4,621)|382,521|
||Net funds||||387,142|(4,621)|382,521|
|21.|Reconciliation
of net income/(expenditure)|||to net|cashf low from|operating
activities||
|||||||2023|2022|
||Net
income/(expenditure)
for||the|||(10,783)|130,611|
||reporting
period|(as
per|the|||||
||statement
of financial|activities)||||||
||Depreciation|||||6,700|3,512|
||Dividends,
interest and rents from investments|||||(822)|(7)|
||Deficit on the sale of|fixed assets||||855|2,491|
||Decrease/(increase)|in stocks||||465|(3,110)|
||Decrease/(increase)|in debtors||||72,717|(120,030)|
||(Decrease)
in creditors|||||(58,511)|(21,358)|
||Net cash inflow from operating||activities|||10,621|(7,891)|