Company No. 01509049 Charity No. 280885 Theatro Technls Company Limited Report and Accounts For the year ended 31 March 2025 26 Cmwndalg Road Camden Town London NW11
Th8atro Technis Cornpany Limited Llmited by Guarantee Charlty Contents Page L8gal and administrative informalicjn Trustees. report I ndependent examinerfs report 10 ststement of financlal actlvltl88 11 Balanc8 sheet 12 Notes to Ihe a¢count5 13-15
Th&r0 Technls Company Llmited Legal and Administratlve Informatlon For th• year ended 31 March 2025 Charity Name Theatro Techni8 Company Limited Charoty reglstration number 280885 Company reglstratlon number 01509 Roglstered offlcfr and opgratlon8 addrnss 26 Crowndale Road, Carnden Town, London NW1 1 rr Directors {Trust8•s) Chrislos Araclides Steve Constantine Lucy CtwiatofL Marilyn Panayl Andr6as Gavn'olido8 Michaftl Const8ntin8 Panos Saw4ides Constantin8 Louls Dorota Krimmel Aristophanes Eugenlou re8igned 27 January 2025 appointed 28 November 2025 S•er•tary George Eugeniou deceased Independent Examlmr Bridget Kalloushl ACIE Independenl Examiner 6 Linden Road Lt)ndon N10 3DH Bankor$ Lloyds TSB 160 Camden High Street, London NW1 ONG
Thoatro Tochnis Company Llmltad Trustees. R6port For th8 year endod 31 March 2025 CHAIR'STHANKS This year sadly108t Goorge Eugeniou the founderand artstiG dir8G*or of Theat Technis. His funeral Serv1 toth Pla at the Theatre was attended by many members of the mrnunty whoso lives he tOLKhed. He has left an indelible legacy. We continuè with Our commitment to a wido range of independent artlsts and the communities who live and work tx)th locally, across London and furth8r afi81d. Despite the (Jffficult challenges we faca, and our communities suffer economically, wè r8main steadfast in our mission and adhere lo the values that are to our organization. As we enter our seventh decade. w& are det8rmin8d to fost8r resilience both within the board of trustaes working togethèr with our committed team of staff. K6ry Kyriaoos Michael MBE continues his stellar work as our Creative Director and has developed the skills of his team. Our ambition is to develop our capltal plans for Theatr6 Technis for the next l 00 years began to take its flrst stage steps with appolntment of Wild knhltects. The plan is to increa3e the footprint of our site by a third, building for the future new wings 'From East to West,. The buslness plan indudes not only adding capacity to our activities but al80 a secondary income. Located in the heart of Ihe King'8 Cross and Somerd Town regeneration, our re-imaglng of the publlc space around us is key and places us shoulder to shoulder with the ambition8 of this unique London hub of creative, economic and strategic development zone. The board of Trustees would like to expr8s3 their sincere thanks to all the slaff m8mbers led with great skill by Cr88tive Director Kerry Kyrlacos Mlchael MBE, and his small part-tlme team of dedicated fre0lane staff. Thanks al80 go to rny fellow trustees, who continue to offer theSr expertise, knowledge. and energies voluntarily to support and develop our vislon. We extend our gratitude to all those who support and work wlth us, including the continued support of our anchor tenants Over this period. We were joined by The London Sinfonietta. The Production Exchange, MENA ARTS UK, SGene and Heard Hnd Kyriacos and Company. Speclal thanks go to our funders, trusts and foundations and indlvldual donor8. Year on year we have seen an increase in both the numb8rs and dIVety of our audlences and users bringing public benefit in(Juding joy, [OMOting wellbeing and economic opportunty through the crealive arts. W8 re-launch our friends, ycial friends and Patrons. schem8 and thank them 6SP8cially for their supp(yt and engagement. Thes& membws ofour communlty are integthl to owsuccess and to realising our future development. Dr Marilyn Panayi Chair
OBJECTS AND ACTMTIES The objects of Theatro T6chnis are". VISION 1. Shape a bold, pioneering and relevant creative vision for tha pèople of London and beyond, building on the values of Theatro Technis (rr) and George Eug8niou 2. Create. programme and commission an artrstic programme of WOrtd8sS theat. 3. Develop and nurture diverse talent, particularly from ethniGally diverse communities including Cyprk)ts and other Global Majority a"St$. 4. Ensure that wa aré A $&Ctor-18adina c8ntr8 for a ojmmunity of p2rt1clDants. artists and audiences Inieresled In the widei dlaspora. 5. Consolidate our positlon as a key cultural v8nue in Camden and London, providing opportunities for olher Theatre and Performing Arts Companies with similar values. 6. Champion exceptlonal creaijve learning, artist development, wmmunity engagemonl programmes and performance opportunits"8s. 7. Engagg, grow and insplr8 audiences. 8. Nurture partners and fundérs to invest In our work. MANAGEMENT VALUES 1. Provide inspirational leadershlp that brtngs 10 Ilfe the companvs ambitions. 2. Advocate the wotk of Th at every oprtunity. 3. Create a balanced programme that dellvers both artlstically and financlally to ensure is a viable and sustalnable business for the future. 4. Create and oversee the implementation of rr's strategic plan, includlng any Capital developments. 5. Overseeing annual budgets, en8urlng that Income targets are met, costs controlled. and opportunltles maxlmlz8d. 6. Bulld productive extemal partnBrship3 wfth stakeholders. potential funders and CO• producers. 7. 88Gure fundlng from Art3 Counc51 England and other fundeT3, inGluding tTU3tS end foundatlons, C¢yporate partnership3 and Individuals that can support the artistlc vision. 8. Be an effective ambassador for rr's values, methodology and pioneering work In the wider arts landscape locally, nationally, and internationally. 9. Ensure exceptional go¢)d govemanGe, Including but not limitèd to charty lawg. PUBLIC BENEFIT Th8attD TeGhnis is a theatre rooted in ils neighbourhood in north London. Our producing and presenting programme brings people together and reflecls the vibrant cultural diversity. identity and experiences of the people and communities in our area. Vve wholeheartedly believe in the importance and power of the art8 in peopl6's lives. Our events promote (x)mmunity cohe3ion, Gonnect people, and inspire joy. We incubate local creative talent to support and platfonn the next generation of diverse artists who are contributing to Ihe broader arts eGology and the UK as an innovative sector. We also prioritise working with new and ernerging companies wlio want to break Into the mainstream and soe us as a stepping ston8. We also focus on new writing and new voicos. Sm811-scale, grassroots venues Ilke ours, are p8rf8Ctly posittoned to éngage and support paople in Iheir lives or careers. and our dired connection to the local cativeS that come through our Spa gives us a unique insight into their needs. In 24125, we hosted over 48 productions and events, vKJrking with 34 different rnpanIeS and individual artists. We managed to keep our tsckot prices accessibl& and low, with an average of £16, and we sold over 6000 tickets. Making our average capacity stay steady and grow to over 81 on average. We actively respond to the aspirations, demands, and challenges of working in on8 of the largest social housing estates, Somers Town. This is most clearly explained by highlighting
examples of how we are embedded within our communty, including our work with Dldeaf artists and audi8nc8s, women's groups. and Queer praGtitioners. Once agaln, we ttlebrated our commitrnent to emerging artists through our involvement with the Camden Fringe Festival and our pride in our foundatians and history with our annual Cyprus Week Festival, which showcased the new work. Other examplos includ8 our ongoing p4rtnership with Scene and Heard, who vlsit us three times a year, showcasing the short n8w plays by children from the Somers Town estates. Trusteas have paid due attention to the guidance of the Charlty Commlssion in ensuring Ihat all of these aGtivities dre unclertaken for Ihe public b8nefit andlor preparing the charity for its primary adivities, ACHIEVEMENT AND PERFORMANCE- The key achlev8mentS in 2024125 have been: The Sultcase A new play looking at mlgration What do you take wlth you when forced to leave your home? ORANGES AND STONES Told solely through physical action, a play that conveys a moving image of occupation in Pal- estine spannlng 75+ year5. Infinlty & Beyond - The Boundless Plays Ten short play5 written by Scene & Heard Member Playwrights aged 10 -11 and perft>rmed by professional actors. What's Funny About Oxbow Lakes? School is in sesslonl Thirteen hours, six students, one i51and - can they weather the storm? Candles on the Cake - The Wlshing Plays Ten short plays written by Scene & Heard Member Playwrights aged 9-11 and perforrned by professlonal actors. The Trojan Women- a Stsged readlng A one-off performance of Euripides, Classic Greek play to comrnemorate Cyprus Weok Staged Readlng: Perseus What makés a hem? Who are the al mon5tersP How does a pet50n become a god? Blrthday Animals Ten short plays written by Scene & Heard Member Playwrights aged 9-10 and performed by professlonal actors Passa8e A show about memory, the passing of time and how the ordinary and extraordlnary sit side by side. The Interpretation A famou5 retirin8 conductor grapples with hi5 ego and past regrets. See It. Say It. Sorted. The Musical. Presenting the UCL Musical Theatre society's ORIGINAL Musical See it. Say it. Sortedl Brnlnstorni A unique theatrlcal investigation into how teenagers, brain5 work. and why they're designed to be the way they are.
The Trylng Rooms A dance theatre double bill about turbulent relationships and motherhood, told by a mother and daughter duet. Hotel Paradi30 The clas51c French farce performed by students from Drama Classes London. Staged Reading: The Martyrs A new play reading of a darkly cornic, British-lranian thriller about hitmen, artivists and Persian Discotheques. The Cyprla- a stsged readlni A minor retelling of the epic Ilfe of the semi-legendary Stasinu5. lost poet of Cyprus The Rape of Aphrodite - Our Journey- My Story An evening of theatre followed by song and dance Majnun Work In progress sharing of a modern, relma8ined tellin8 of thc Arabian classic "Layla and Majnun" set in London. For The Love of Cyprus- Martha & Eve and Guests Martha D. Lewi5 and Eve Polycarpou Invite you to a special evening of music and songs Including: Toula A verbatim theatre performance based on real interviews with Liasii performed In Cypriot Greek wlth Inglish surtitles. Jullu5 Caesar The Factory production of a new take on the classlc play. Under Every Sky A powerful Journey through love'5 many forms, from the classical and unrequited to the hateful and unspoken. Where We Meet An interactive dance instsllafjon where audiences experience the inner thoughts of dancer5 as they walk close to them. Good Boy A shockingly funny debut play about trauma, the Social politfcs of hook-up apps, and suicidal rabbits. Stand By Me The winter. three women far from thelr homeland intertwine their Ilves. Pandora's Box A Greek Cypriot woman revisSts her childhood horne, now inhablted by a Turklsh Cypriot family, sparklng a poignant encounter. The Duchess of Buckingham Regrets to Infonn You That Her Husband is Dead Love, death and pocket-watches - the regency story you weren't expecting. Lear's Shadow A mischievous, engaging reflection on Shakespeare'5 great domestic tragedy. Ending Ihterval A fusion of absurd acts and a touch of (probably) serious thoughts
From Camden to Enfield - A Cyprfot Migration Story A film looking at the migration across London of North London Greek Cypriots, and how they bullt a community. Who Do We Thlnk We Are? WHO DO WE THINK WE ARE? Is in-person seminar and conference that explores the health of British Cypriot representation within the wider cultural malnstream of the Live and Rec- orded Arts. Sécond Hand Problems Three storie5 of women stuck in limbo. A wacky, honest and moving tragi-comedy, celebrat- in8 Sisterhood's Joy and 8rief. Wish You Were Here The Gate Theatre presents the UK prernie of Pulltzer Prize winner Sanaz Tooss1'5 "Wlsh You Were Here" King Lear City Academy Actors Company present King Lear by William ShakÉspeare. Pan Metron Ariston A satirical new play written and directed by George Eugeniou, Artistic Director of Theatro Technis. Galentlne s Day Thought Small tslk with your hairdresser was bad? Thlnk a83in. Ind180 Giant Indigo Glant revisit5 a forgotten moment in British hlstory and a moment in Bengali history that will never be forgotten. The Unlcorn in Captivty As F and M's lationShip deepen5, M discover5 F has been keeping a secret, drlvin8 him into an obsessive exploration. The Circular Play- A Writeback Productlon Scene & Heard present a unique production in collaboratton With The 8rltSsh Library this autumn. FINANCIAL REVIEW Results for the yaar The financial model for Theatro Technis is ts achieve at least a break*even Position on activities or programme that is undertaken. Any surplus incoma from tickot sales, hires or adiviti8s will be used to build up reserves in line with the reserves policy, and to further the charity's aims and objectives. Tha cost-of-living crisis has continued to impact our communities, Iow8ring thgir disposabl8 income. Audien behaviour is unpredictable. and attendance remains lower than it was pre-GOVID resulting in lower audi8nGe numbers than we predicted. In the year 2024-25 income was £224,fA1 of which £224,641 was unrestricl8d and £NIL restricted. In Gomparison, in the year 2023-24 income was £385,933 of which £385,933 was unreslricted and £NIL restricted. Expenditure in 2024-25 was £218,592 of which £218,592 was unrestricted and £NIL restricted. In comparison, in the y8ar 2023-24 expenditure was £175.462 of which £175.462 was unrestricted and £NIL r8Stricted.
The detailed figures are included in the financial statemenls. Al 31 March 2025 the charity held a general fund of £346,666 and a restricted fund of £NIL. Total fvnds held at the 31 March 2024 were £340,617. Golng Contsm The budgets and current managetnent accounts for 2024-25 have been reviewed by the Trustees and the independent 8xaminer, with modalling carried out to include a worst-case scenario. The Trust805 consider that the fundraising generated in thi5 year. alongside the fundr8i8ing and revenue generation plans in place, will b8 Sufficient to cover planned expenditure. Therefore, based on the information available to th8m gt th8 point of signing of this document it is the Truslees opinion that the organisation Gan Gonb"nuo to operate as a going concem for the next trf4elve months. Roser¥es posfcy The Company will work towards building roserrfe8 equivalcnt to 3 months of operations. This would amount to £25.000 to include: a) Three months salaries b) Any redundancy payments due to staff c) 3 months building operating wsts (e.g. heat, light, m81nlenance) Dur reservés posltlon at 31 MArch 2025 w83 a general fund of £348.668 and restricted funds £NIL. Tolal funds held of £346.666. FUTURE PLANS Produce four in-house full-sixle productlon: These include new plays by Phillp da Voni, Che Walker and Hannah Khalil Roll out our public consultation on the capital plans for the theatre our partnership with: sne and Haard, The Produdion Exchang6, and London Sinfonia Lauch our Assoclate Programm@ and our trainee Associate Programme who 8re all Camden residents. Growing our Friend and Patron support. Growing on the hugely successful conference for the Cypriot CreatFve . Who Do You Think You Are: Who Do You Think You Are. Further develop our Green Policy and procedures. We will continue to work with our local stakeholders to develop our capital plan8 and work towards submlttlng our proposals. LONG.TERM OBUGATION Th8 long-term obligation has bean r81eased to the charity vrilh the understanding that, should the building be sold for a profrt, this Would be reviewed. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlng document The organisation is a charitable company limited by guardntee, incorporated on 24 July 1980. The company was established under the Memorandum of Association which provided the objects and powers of the charitable company. It is govefft8d under the Articles or Association. In the event of the Gompany b8ing wound up members are rèquired to
contn.bute an amount not exceeding £1. Recruitmont and appointment of new trustees The charity is governed by its board of trustees who are appointed under the leTms of the wnstitutitsn. The Board must consist of at lea3t five but no more than fifteen trustees. New trustees are propx)sed by serving truste8s arid elected with a majority vote by Ihe 6XiStsng trustees. Proposed trustees are invited to tneet with the chair, tnjstees ano executive team and to observe a quarterly meeting. If. after this, potential trustees wish to S8rv8 on tho board, tho oxi8ting trustees will then decide wh8ther to invlte them lo b&com8 a trustee. When Ix)n8idering appoinling new trustO8S, tha Board has regard both to the charity's need for any speclallst skllls and to the diversity of the Board's membership. InduGtion and trainlng of n8w trustogs Newly appointed trustees undergo an Induction proce&8 including briefing them on their responslbilhles as truste68, docigion-making processes. thè charity's govemlng document. Ihe strategic plan and recent flnanclal performance, and the latesl set of accounts of the charity Organisational struclu The board of trustees meets at least four Um88 a year. Durfng these meetlngs, all matters regarding th8 managwfient and the furtherance of the OTganisation's charitsble aims and objectives are di3eussed and decldad upon. A Finance and General Purposes Exocutlve Team has also been established. Decislon maklng Decislons are reached by consengus or, when necessary, by majorfty vote or quorum of membars attending. Risk Manament The trustees have a duty to identfy and review the risks to whiGh the organisation Is exposod and to ensure appropriate conlrols ar8 In pla lo provide reasonabl8 assurance againsl fraud aTKI error. The Tru3t8es' risk management strategy comprises of a comprehensive budgeting and planning system with an annual budget. regular m88ting of the Finan team: monthly review of the managemeni accounts v8 budget. The Trustecs have identiried and reviewed the major risks to which the chartty Is exposed on a rogular ba816. Rieko Ihat are bein9 reoularly monltorgd Inclutso.. Rcductd incomo du• tu dudlgncglhlr9r appgtlto aue to tho Coat-crt-Li¥rng cr131s Reliance on Prlvatg Hira8 aciivty. Reliance on 6uccessful fundraising and public subsidy and the Increasingly competitive market Lack of tourlng theatr@ product Parsonnal capacity and well-being Mitigations Incluue: Cautious budgeting ground Incomo targgtg Regular review of management accounts vs budget Offering in-kind support with rehearsal spac£ and help with funding appllcations for theatr8 makefs nurtunng creation of artistic product Developing a robust fundralsing plan cov8ring both corg and projects The Trusteés are satisfied that Sy3tems are in place to mitigate the charity's exposure to the major rtsks. Cotnpany policigs and proCedUS are dosely monitored. A key elem8nt in the management of flnanGial risk is the settirKJ of a resve5 policy and its regular reviaw.
The Trustees foster an environment in which the team are able to take appropriate artistic risks as part of the development and innovation of new artistic approaches. The financial statements Gomply with current statutory requlrements, the charity's memorandum of association. Acmunting and Reporting by charities.. SORP applicable to charities preparing their accounts in accordance With FRS 02. Independent Examlner A resolution proposing that Brfdget Kalloushi ACIE be appolnted as Indep8ndent examiner of the charity has been put to the members and approved. The report was approved by the board on 3 Doc8mber 2025 and ¥vas signed on Its behalf Dr Marllyn Panayl Chair of Trustees
Theatro Technis Company Limited Independent Examinerfs report to tho trustees of Theatro Tochnls Company Limlted For the year ended 31 March 2025 I ieporl on the accounts of thé company for the year ended 31 March 2025 set out on pages 8 and 12. Respoctlve rnsponslbllltl•s of INst9 and •Mmln•f The trustees (who are the directors of the company for the purposes of company law) are roswjngiblè for the proparation of the Accounts. The tru$te&s consider that an audit is not required for this year under section 144 of the Charities Aot 2011 (the 2011 Act) and that an independent 8xamination is needed. It Is my responslbility to: Examlne th8 accounts undw section 145 of the 2011 Act.. To follow Ihe produreS laid down In the gen8ral Diiectlons glven by the Charity Commlssion under seclion 145(5){b) of the 2011 Act; and To state whether matters have come to my attention. Basls of Indendent Examlnèrfs staloment My examination was carriad out in accordance wlth the eneral directions given by the Charity Commission. An examinatlon includes a review of lh8 accountlng records képt by tho charity and a comparison of the accounts presented with those records. It also includes consideratlon of any unusual ftems or dlsclosures In the accounts and secking explanations from you as trustees concernlng any such matters. The procedures undertaken do not provlda all tha 8vld8nco that would be required in an audit and consequently no oplnion Is glven as to whethor the gcoounty present a 'true and fair view, and the repart 13 limlt8d to thube Tnatters set out In th8 Statément below. Independent Examiner's statern4t In oonnection yth my examination. no mattel has come to my attention to Indicate that: accounting records have not been kept in accordancè with 88ctlon 386 of th6 Companies Act 2006; the a(zounts do not accord with such records; where accounts are prepared on an accurate basls, whether thèy fail lo comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP {FRS102>; any matter whlch the examlner beligveg should be drawn to the attention of the reader to galn a pft)per understanding of the accounts. Bridgat Kalloushi ACIE Independent Examiner 6 Linden Road London N10 3DH 3 DeG8mber 2025 10
Theatro Technls Company Limited Statement of Financial Activities (including Income and Expenditure Account) For tha year endgd 31 March 2025 Total Funds Unrèstricted 2025 Total Funds Unrestricted 2024 Note INCOME Donations and grants 13,357 20,556 Charilable activities: Theatre hifts Letting of offi'ce space Other incom8 Overprovision of creditors Total income 175,g80 34,875 449 127,146 66,500 2.440 169,291 385 933 EXPENDITURE Charitable activities Totsl exp8nditur8 218.592 218,592 175.462 175462 Nei income and net movement in funds forlhe year ended 31 March 2025 6.049 210,471 RECONCILIATION OF FUNDS Total funds brought foMard at 31 March 2024 Total funds carrled fonuard ai 31 Msrch 2025 340,617 346,666 130,146 340,617 Net income is also net in(JJme for Companies Act purposes APPROPRIATION ACCOUNT Fund at 1 Aprll 2025 Excess of income over gxpendlture for the year ended 31 March 2025 Transfor from long-tsrm obligation Balance Shéét at 31 March 2025 340,617 6,049 130,146 41,180 169 291 MAri4n PoNAyi IckAir) 11
Theatro TeGhnis Company Limited Balance Sheet For the year ended 31 March 2025 Note 2025 2024 Fixed assets Freehold building Fumitura. fittings 8nd equipment Tolal red assets 298,331 4.143 302 474 298.331 1,706 900,037 Currenl a3set8 stock Cash at bank and in hand Tal current assets 5,000 61,385 68.385 5.000 59,397 Creditors: amounts failing due within one year Net current assets 22,193)_ 44.192 123,787 Totsl a$sets le ¢urrent liabiliti 346,666 340,617 Creditors: amounts falling due after mor8 than on8 y8ar Total net asserts Funds Unrèstrlcted funds Total charlty funds at 31 March 2025 346,666 346.666 340,617 12
Theatro TeGhni8 Company Limitsd Notes to the Accounts For the year ended 31 March 2025 1. Accounting pollcies Basls of accounting The accounts (financl81 statsmenls) h8V8 been prepared in accordance wfth Accountlng and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their acLounts in accrdan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1January 2015)-(Charities SORP (FRS 102)), the Financial Reporting Standard applicabl8 in the UK armj Republic of Ireland (FRS 102) and the Cornpanies Act 2006. The charity Gonstltutes a publlc beneftt entity as defined by FRS 102. The accounts have been prepared on a going conrn basis as the trustees believe that no m8teriBI uncertainties exist. The trustees have cx)nsidered the level of funds held and the expected level of income and expendlture for twelve months from authorising these accounts and have decided that the charity is able to continue as a going conrn. Incom• r•Gognltlon All income 18 recognlsed once the charlty has entltlement to the income, there18 sufflcient cartainty of r8¢8iPt and so it is probable that the income will be received, and the amount of inGome rec£ivable cAn be measured r81iably. Expenditure reoognition Expenditure Is recognised once there 19 a legal or constructlve obllgation to make paymenl to a third party. It is probable th8t a Settlement will be requlred and the amount of tho obligation can be mea3ured lIablY. Fund accountlng Restricted funds are incoming resource5, which are to b8 used for specifiG purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestrlcted funds are gran15, donation5, and other incoming resources receivable for the objects of the charty without further specified purpose and are available as general funds. Tanglble flxed assets Depreciation is provided al rates calculated to write off the cost of each asset less Its estimated residual value, over the useful economic lrfe of that asset as folhjws. Furniture & equipment 15°h reducing balan An assessment of the net realisable value of freehold buildings at historic cost has been undertaken. On thg basis that freshold buildings will b8 W811 maintained and such repair costs will be charged to the Statement of Financial Activiti8S, it is the view of the directors that the net realisable value at historic cost equatès to cost. Depreciation is charged on freehold buildings on th8 cost less the estimated residual value over 100 years. On the basis of the above no charge is deemed necessary. An impairment review is carried out on an annual basis to assess whether the marked value of the building5 is at least as much as the carying value in the ac£ounts. Provision is mad8 for any permanenl fall in value. 13
Dobtors Trade and other debtors are OgniSed at the settlement amount due after any trade discounts off8r6d. Prepayments are valued at the amount prepaid after taking account of any trad6 discounts due. Creditors Credltors and provisions are recognised where the charity has a present obligatlon resulting from a past event that will probably result in the transfèr of funds to a third party and thè amounl due to $8tt18 the obligation can be rnoa8urod or estimated reliably. Credltors and provisions ara norrnally re(x)gnised at their settlement arnount after allowing for any trade discounts due. 2. Expendlture on charitable actIvIO5 Total Funds Unrestrlct 2025 33,775 7.364 1,612 50.498 40,160 15,302 16,028 3,408 1,324 8,911 17,578 3,429 3,028 8,587 1,500 2,215 2,500 1,701 1,417 255 218,592 Total Fund3 Unr•#trictad 2024 32,886 Production costs includlng artlst fees PR and m8rketing Small equipment Front of house Management and produclng fees Bar oxpansas Repairs and malntenance Claaning Business and water rates Insurance Lighl and heat Fire and securty Telephone and fax Office overheads Bookkepping fees Subscriptiorbs and licence3 Goverr)ance cost3 - Indep8ndent examiner's f8es Bank charges and tlckets commission Other expenses Dopreciation of furniturn and equipment 42.760 34,856 8.064 13,640 5,295 1,305 5,954 6,467 4,890 2,535 8,512 1,500 2,164 2,500 822 3,012 300 175,462 3. Net oxpenditure for th• y•ar 2025 2024 This is after charging.. Independent examiner's fee Depreciation 2,500 255 2,500 350 4. Staff costs and numbers No employ88 received emoluments of more than £60.000 per annum. No remuneration was paid to the trustees and no 8xpenses We reimbursed to them during the y8ar. 14
Tangible flxed assets Furniture, fittings and equlpment Freehold land and building8 Totsl Cost At 1 April 2024 Additions - improvements As at 31 March %)25 298.331 91.041 389.372 26g2 2 392 064 Depreciation At l April 2024 Charge for the year At 31 March 2025 89,335 255 89,335 255 Net book value At 31 March 2024 Al 31 March 2025 298.331 298,331 1.706 4,143 300,037 302,474 The market value of freehold land and buildings is signtficantly more than the carrying value and has been estimated by the trustees to be over £2m. Cradltors: amounts falllng due within on• y•ar 2025 Croditors and accruals 22,193 23,787 Creditors: amounts falling due after more than tsn• yèar 2025 2024 Relatèd party transartlons There were no related party transactions in 2024125. In 2023124 there were no related party transaclions. 15