**Registered number: 123 1725 Charity number: 282069** # **THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2023** l THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) CONTENTS Reference and Administratlve D¢tails of the Assoclation, Its Trustees and Advisers Trurte¢$' Report Trustees. Responslbllities Statement Independent Examiner's Report Consolidated Statement of Flnancial Activities 2-23 23-24 25-26 27 Consolidated Balance Sheet 28-29 A559¢i8tion Balance Sheet 30 Cashflow Stat¢ment Notes to the Financial Statements 32-52 THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE ASSOCIATION, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trust¢es Alexander Cann Nicola Scott (resigned 12 Juty 2023) Louise 8irchall Caroline Rouse (resigned 12 July 20231 Michelle Burgess Andrew Franks (resigned l November 2023) Emma Wilson Anton Woodward OBE Peter Maccoy (resigned 12 July 2023) Oliver Brown Benjamin Stephen David Evans (appointed 12 Juty 2023) Anette Ollerearn5haw (appointed 12 JL¢ly 2023) Mathew SmeEhur5t-Evans (appoin*d 12July 2023) Suzy Somerville (appointed l November 20231 Company règistsred number 1231725 Charity registered number 282069 Reglstered office 6th Floor 2 London Wall Place London EC2Y SAU Accountants MHA Chartered A¢¢ountants 6th Floor 2 London Wall Place London EC2Y SAU Banker5 Royal Bank of Scotland 40 Isling￿Tr High Street London NI 8XB THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMP•ER 2023 The Truste&Directors are pleased to present their Report together with the Consolidated FIn￿¢1￿1 Statements of the charity and it5 subsidiaries for the year ending 31 December 2023. This Report is the forty-ninth stnce the incorporation of the Association and the Sixtieth since its inception. Co-chairs, Report 2023 Co-Chairs= David Evan5 & Mig 8urgess-Walsh 2023 has been another vibrant and busy year for the Association. The A8Th staff, Trustees 2nd wider Council have been busier than ever as can be seen from this reporL It is a testament to the hard work and dedication of everyone in the ABTh team that so much has been achieved across rhis year. To meet the increased business of the ABTh Amy Bodman was appointed in january 2023 as the ABTT Association Administrator. During the year the new MAKE A DIFFERENCE Conference was launched at The Albany, Deprford. focused on the recruitment and retention crisi5 Wlthin the industry. Thank you to Ben Stephen and the team at The Albany for making eyeryone feel so welcome. The ccnference gathered some useful research 2nd data and many actions and outputs are in progress. including the provision of more resources on the web51te-. the wellbeing sign p05ting posters, work life balance easy wins document, and the new work life balance challenge linked to charity fundraising for Backup and the Theatrical Guild. https'.IlvMw.abtt.org.uklmake-a-difference-conferencelmake-a-difference-20231 The ABTh had a presence at the PLASA shows in London and Leeds. Theatre Craft and the Producrion Futures events. These events 2re a great opportunity to meet with current members and attrac¢ future members. The s¢rong ¢onnettion with A4PTLE, the Allianee of Associations and Professionals in Thèatre and tive Events continued to grow. Through the attendance of meeting5 rhroughout the year the ABTT has been able to soy in touch with industry association5, providing a chance to share progress, align with common goals and work together. We were pleased to welcome many association5 and group5 to the ABTh Theitre Show in 2023, and the AA￿LE lounge remained a popular show floor place ￿ meeE network and catch up. The 2023 ABTT Theatre Show, across 2 days in June at Alexandra Palace, was a great success. The show floor was alive with artiviry including a CV and ask the expert clinit., popular skills workshops.. a vibrant and busy seminar schedule: the 'edu¢aiion ally, of specialist course providers and participants could even have a hearing test done. Huge congratulations to Elysia Moore the show manager and the entire ABTh staff, Robin, Amy and Stuirt for their hard work to make this sud) a success. Also, thanks to aFI the trustees, committee ch3irs ond ¢oun¢il members who offered their time in planning and working on aspects of the show across the 2 days. It really was a tearT) effort to deliver yet another greac Theatre Show. The ABTh is proud to have delivered an innavative and probabty unEque hybrid ￿E4c 2023. The International Theatre. Engineering and Architecture Conference {ITEAQ was treated in 2002 to be the leading in¢ernational gathering for those engaged in the design, construttion and operation of perforniance Pa THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 spaces as well as those involved in imagining. making, operating. and producing the content presented therein. It was held at 2. Savoy Place, home of the Institutton of Engineering and Technology on the banks of the Thames River and boasted a truly global schedule of speakers, from Australia, US& Brail, Colombia, Denmark. the UK, France, Germarhy. Holland. Ireland. Japan, Scotland, Singapgre. Sweden. South Korea and Wales. This was the first hybrid ITEAC with companion conlerences raking place in Hong Kon& Brisban Bogota and Tokyo. Time zone differences made simultaneou5 collaboration difficul¢ but an hour was shared irs real-time with Hor>g Kong and a 5hoLtt out with Tokyo as they came to the end of their ¢onference. The hybrid delivery meant guests COLtld join face to face or online, with many of the online guests asking questions in the room. All the days. events and resources are available to members on the ABrr website. We would like to extend huge thanks to Paddy Dillon who Served from 2019 as Editorial Chair for ITEAC 2023 and recruited a truly international editorid team to work on defining and populating the conference progrnmme. In 2023 we unusually hosted ¢wo annual general meetlngs. In April. the later than usual 2021 AGM at the Riverside Studio and in Ottober, the 2022 AGM at the Woolwich Works. Both annual general meetings were followed with tours and member5 enjoyed getting to see the venue5 in more detail. Member visits also took place in 2023 to TAIT in Haverhill. Shakespeare North and @sohopla¢e. At the 2021 AGM it was announced that Peter Maccoy, Caroline Rouse and Nikki Scott were retiring as Trustees at the end of a second term and that David Evans, Mig Burge55 Walsh. Andy Franks. Anette Ollerearnshaw, Mathew Smethur5t Evans and Emma Wilson were elected tQ serve alongside Louise Bircho11. Oliver Brown. Alexander Cann, Ben Stephen and Anton Woodward. At the 2022 AGM it was announced that Alex C3nn, Suzy Somerville and Anton Woodward were elected to serye as Trustees alongside Louise Birchall, Oliver Brown. Mig Burgess Walsh, David Evans, Anette Ollerearnshaw, Mathew Smethvrst Even& Ben Stephens and Emma Wilson. Thank you to them all for their time and commitment to the A5$0ciation. The ABTT'5 industry leading work around well-being in the workplace started to be noticed. Co-chair Mig Burgess Walsh was invited by the A$5Q¢lation of Lighting Production and Design and the Society of British Theatre Designers to spe* at the Prague Quadrennial about the work She has been championing on behalf of the ABTh in our "W. 5erie5 of guidance notes. It was a great opportunity to get recognltlon In this area on a more global platform. Mig was also invited to present the W2 guidance note on work related stre55 risk assessments to the HSE'S Joint Advisory Committee lor EAterrainmenL providing the opportunity to showcase our progress in thls artra to the wider entertainment sector. Mig also presented and spoke at an event lor the Fedeftaon of Scottish Theatres sharing more about our W l and W2 Guidance nofe5. At all her ￿kS She has also shared the future work that is to come in fuwre W3 and W4 guidance note5. https..Ilww.abtLorg.uklproductlguidance-note-w I I httP5.'Ilwww.abtLorg.ukJproducrlguidance-nore-w21 1¢ is a pleasure to report #n increased demand in 2023 for AB￿ trainin￿ more of this can be read in rhe training and education report. We would like to take the time to honour some of those members that are sadty no longer with us. Thi5 year we acknowledge the loss of.- Richard Pilbrow a founder of the ABTT. Antonia Colins an esteemed stage manager, Nick Bachè- Technial and Production Manager, Aberystwyth Arts Centre, Rupert Rhymes OBE a long-standing member ofthe ABTh Historical Research Committee. Our love and thoughts go out to their families, and we thank them for their valuèd membership. In October 2023. the ABTT announced that Robin Townley would relinquish his current role in June 2024 after 12 years serving the Association as CEO. He will continue until after the 2024 Theatre Show and during THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 2023 the Tru5tee5 commenced work on appointing a 5uc¢essor. A huge thank you to Robin for all his hard work and commitment and we wish him well in the future. Many awards were made across the year- congrntulations to the followin£. The inaugural Nick Bad)e ABTh Cymru Technician award was y'ven to Matt Jones; The Vkrtual Ideas Platforni idea of the year awarded to David Ripley for an inspired counter weight ¢addy design which has been picked up for production by Triple E. It will be able to be seen at the 2024 Theatre Show., Richard Bunn {former ABTT chair). wa5 installed as an Honorary Membèr.. Margaret Shewring was appointed a Fellow of the ABTh.. The Stephen Joseph award was given to the New Vit Borderline5 Outreach team at the New Vic Theatre. N&w¢astle under Lyme. We shall alMys remain grateful for the opportunities we have ro gather together as a membership network and to chit and enjoy one another's company. We thank ea¢h and every one of you that make up our diverse membership. thank you for being a part of our community And being 2 Part of the ABTh family. We have had a busy, exciting and progressive year and we look forward to sharing more of our great work in 2024. Purpose of the Charity The purp05e5 of the ABTT are the advancement of public education in the technical subjetts connected with the theatre and theatrical presentation and the promocion for rhe benefit of the public of excellent thèatre design and technical presentation of theatrical works. The vlsion of work remains the promotion and lostering of knowledge 2nd the appreciation of the art of technical theatre from well-designed theatres and be£rer trained staff. The ABTT Codes of Practice continue to be developed and safe ways of working are debated arbd become Univers￿ scandards for theatres across the nations of the United Kingdom. The •lssociation produce5 a number of other publications that infom) those worknng in the theatre industry. These are also useful reference5 for those members of the public who have a keen interest in finding out more about the technical aspects of performance and venues which are necessary to provide a seamless experience when they ar¢end a performance. In guiding the activi(ie5 for 2023 the Trustees continued ro observe the Charity Commi55ion's requirements for public benefit. The As50Clation primarily relies on membership subscription for income which is supplemented both by the income generatsd from the annual ABTh Theitre Show and subscriptions from members of the ABTh Industry Supportèrs, Group. The trading activstiès of the group are carried out by the trdding companies and any profits are distributed as a dividend to the chariry as required by the Memorandums of Association of the profit-making trading entities. Association Objectives The Associations objettives are set out in the Memornndum of A5$0t12tion, a copy of which is acce55ible on the wÈbsite.' www.abtLorg.uk. THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The strategies eM￿OYed to athieve the ABrr'5 objectives of publicly available good work5 are to.. Advocate and provide efficient standards of planning for the building or reconstruction of theatres and to promote theatre design which will offer the widest possible scope for theatrical expression- Promote and encourage improvement in the design and the proper installation and use of stage equipment and materials. Advocate and provide guidance for an enlightened and Ilexible approach to measures for public safety in place5 of entertainmenL Advocate and provide guidlnte lor the safe Underta￿n8 of the production of live perforrnance and the operdtion of premises in which 1¢ is accommodated and the heaith, safety and welfare of all those engaged therewith: Encourage excellence in all technÉcal matters relating to the theatre and the application of new technical knowledge and experi¢n¢e in those field5 to changing conditions.. Facilitate the exchange of ideas and 6nformatygn amongst theatre technicians and others concerned in any way with the theatre. paying attentlon to the different needs and opportunities of each locality. organisation and form of theatre., Oryanise meetyng5. correspondenc< demonstrntions, exhlbition$. and Courses of training In relation to the te¢hni¢al asperts of theatre; and Publish books, magazines and other matter relating to the art of the theatre and provide infomati¢)n 5ervice5 for the collection and dissemination of £eehni¢al information. Core Values The ABTh has adopted five core values in addition to the objects as stated in the Memorandum of Association. These values underpin all the activities of the Association and act as a 'toolktt' to guide the the objects are met The ABrr seeks to demonstrate as many of the following value5 a5 appropriate in all it doe5.- Promoting diversity. equlty and Inclusion The ABTh believes that those Involved in the wider theatre industry should be as diverse in all respects and attributes as the members of society. The Association will be welcoming and respecrful to all who seek to connett with it. In addition. it recognists that it mus¢ work to overcome barriers of arby nature that prevent or inhibit anyone from seeking connec¢ion, supporL guidance or participation with the ABTh. This valLte mandate5 the ABTT to find ways of activety promoting diversity, equity and inclusion and removing barrier5 for those who are underrepresented in the current membership, A350ciation leadership and sector. Enabling excellence The ABTh recognises that the development of excellence in attitudes. behaviou￿ sknlls and knowledge is essential to sustsin the area5 it support5. In all that it undertakes it wlll seek to *nable partFcipation and the achievement of excellence. identifying barriers to entry and progression and seeking to find soILttions by which they may be removed. Acknowledging achievement The ABrr will work to communicate and ¢elebrate th¢ Contribution thatthe sector it represents makes to the success ol the theatre and live perforniance industries and it will aCknO￿edge excellence in the performan¢e of all the a550ciated crafts and disciplines. THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Representing all The ABTh is for all who are interested or working in the design of places of entertainment or in their operation or in the production of performance. It will seek to offer 5UPPOrt and be relevant to all the regions and nations of the United Kingdom, those whose parucipat40n is waged and unwaged, the small and thè large, those with buildings and those wi(hout,' everyone no matcer where or how they pursue their interest. Combating climate emergency The ABTT is committed to taking positive a¢cion in response to climate breakdown and biodiversity ¢ollapse. It has pledged to support all those operating in live performance producuon, technology and building design ¢0 strengthen working practices and redesigrt business acovities, operntionil processes, Use of resources. organisational policy and overall governance in order to create and present live performance in a way that has a more posiuve impact on the world around us. The ABTh a150 pledge5 to adopt positive measures in Éts own attivitie5. Structure. Governance and Management Govtrnlng Document The A5SQCiation of British Theatre Technicians is a non-profit distributing tompany limited by guarantee of its members, each of whom agree to contribute £1 in the eyent of the charitable company winding up. The Association is governed by its Memorandum and Articles of Association dated 30 October 1975 (as amended by Special Resolutions dated 31 luly 1987. 5 April 2000, 24 April 2001 13 December 2002. 22 September 2005. 12 October 2016 and 26 April 2023)- It obtained dispensation from the Secretary of State for Trade to omit the word "Limited" from its re&stered name. The Association is registsred a5 a charity with the Charity Commission. Reference and Administrative Dètails In¢ep¢ton.' 3 March 1961 Company number.. 1231725, rew'5tered as a company in England and Wales on 30 October 1975 Charity number.. 282069, registered 35 a charity on 6 April 1981 Principal Office.. 22 Charing Cross Road. London WC2H OQL. Telephone.. 020 7242 92Crf) E-mail.. office@abtLorg.uk Registered Office.. 2 London Wall Place, 6th Floor, London, England, EC2Y SAU Independent Examin¢r'. john Coverdale FC& MHA 2 London Wall Place. 6th Floor, London. Ern￿aThd. EC2Y SAU Bankers.. Roy21 Bank of Scotland, 40151in8ton Hlgh Streeo London N18X8 THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Council of Management The Council of management is responsible for the overall directlon of the affairs of the Assoclatian and decides all matters of policy. The Coun¢ll meets at least four tbmes each year depending upon bLtslness. The Council comprises.. Elected Trustee-Dirertor5 Committee Chairpersons (ex officio) Officer5 (ex officio) Any Member or A550ciate of the Association Co￿pted by the Trustee-Directors to fill a casual vacancy amongst the elected Trustee-Directors or by way of addition to the Councll. the maximum number of per50ns to be at the discretion of the Council. When considering ¢o-QPting Council members, the Board has regard to the requirement for any specFalist ski115 needed. Only elected TrUs￿e-DIrettOrS have a vote. The Council met five times in 2023. Trustee-Directors As set out in the Articles of Associa¢ion. the Elettorai College elec¢s the Trustee-Directors. There are up to eleven Trustee•Directors who serve for three years and who are eligible for a second consecutive term but who are not eligible for further election until the year after the *rmination of their second term of offic During the year. the El￿tOr81 College was sent an invitatiorb to nominate Truste¢-Direttors prior to the AGM advising them ol the retiring Trustee-Directors. Three trustee positions became vacanc in 2023 through the retirement by rotation of the following member5 of Council who had completed their first three-year term ol o)fice and therefore eligible for r¢omination: Alexander Cann. Andy Frank5 and Anton Woodward. Andy Frdnks requested to retire as a Dirertor-Trustee. Three nomination5 for election were received from Alexander Cann, Anton W¢)othvard and Suzy Somerville. Those nominated. in number matching the number of vacancies to be filled. were duty eletted to serye a three-year temi. The Trustee-Directors Se￿ing at the ènd of 2023.. Louise Birchall (appointed 2021) Oliver Brown (appointed 2021 } Mig 8urgess (appointed 2022> Alexander Cann (re- appointed 20231 David E￿an5 (appointed 2022) Anette Ollerearnshaw (appointed 2022} Mathew Smethurst EYan5 (appointed 2022} Suzy Somernille (appointed 2023) Ben Stephen (appointed 20211 Emma Wilson (appointed 2022> Anton Woodward {re - appointed 2023) New Trustee-Directors are informally introduced to their roles as Dir¢¢¢or5 and Trustees of the charitable Company. The Council of Management has issued a handbook to assirt new and existing Trustee-Direttors and THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limlted by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 holds a more fomal induaion process that informs the additional responsibilities that are placed on trustees of a d)aritable organisatson on an ad-hoc basis. Charity indemnity insurance 15 in place to cover 311 Trystee5 winst actions brought against them in their personal capacity. Such coyer does not cover fraudulent or dishonest dealings of Trustee5. Officers The Trustee-Direc¢ors appoint biennially a Chairperson, a Vice-chwrperson. an Honor7ry Treasurer 2nd an Honornry Secretary. During 2023 Mig Burges5-Walsh and Dawd Evans continued as Co-chairs, and at the ABTT Council Meeting on the 12 July 2023 Oliver Brown wa5 appointed as the new Vice-Ch￿r. Matthew Jones continued as Honorary Secretary. Loretta Tomasi as Honorary TreasLtrer and lane Thornton as Honor ArchiYisL The Officers serving at the end of 2023 were os follows.. Mig Burge55-Walsh.. Co-chair David Evans.. Co-chair Oliver Brown.. Vice-chair Matihew Jones.. Honorary Secretary Loretta Tomhsi.. Honorary Treasurer Jane Thornton MBE.. Honorary Arthiyist CoryOPted Coun¢ll Members The Co-opted Council member5 at the end of 2023 were.. Nikki Scott.. Co-opted member Paul Moore.. Co-opted member Jack Davie5.' Young Associate representative less Nicholls.. Young Associate representauye losh Burnside: Young Associate representative Staff At the beginning of 2023 the ABTh employed an Association Administrator to 5UPPOrt the day-to-day administfdtion. The pernianendy employed staff at the end of 2023 were as follows: Robin Townley.. Chief Executive Officer Elysia M¢)ore'. Association and Events Manager Stuart Roberts: Financial Controller Amy Bodman= Association Administrator THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The pay and remuneratlon of all staff is reviewed by the Trustees, with reference to relevant ¢harity benchmarks. Consultants The Association paid for the following consultants during 2023 to help deliver its activities: Alistair Cope.. Soctal Media Consultant GeoffreyJox¢e: Training Consultant ebetca Morland- Edtcor of Sightline ComniSttees The Tru5teeThDirettors appoinc from time-to-time, various eomn)ittees. working parties and ad-hoc panels to deal w6th specific matters. Th15 year one new Committee was created.. AB￿ Sustainability Committee. The technical work of the A550ciation is carried out by Techni￿1 Committees. A rÈpor¢ on the acuvities of the Committee5 forms part of this ReporL The As50ciarion is proud of the extent of public good tha¢ is carried out by these commircee5 and the hard work contributed by them to assist the Assoclation in fvlfilling its aims. Related Partle5 Theatrical Troding Ltd and The(ttricol Events Ltd The A550ciation has two wholly ¢wned commercial subsidiaries, the profits of which are distributed as a dividend to the charity as required by the Memorandum of Association of these trading entities. Theatrital Trading Ltd presents the annual ABTT Theatre Show, produces the majority of the Association's publication5 and delivers trainÉng. Theatrical Events Ltd stages conferences such as the International Theatre. Engineering & Architecture Conference {ITEACI and has published ￿lated books. Strateglc Partnershlps The Theotre Sufety Commsttee The AB￿ is one of twelY¢ members of the Theatre Safety Commlttee. The other members are: Society of London Theatre.- UK Theatre- Independent Theatre Councll- Institute of Entsrtainment and Ar¢s Managemen¢. Little Theatre Guild- Society of Independent Th¢atre5', Equity: Musicians Union- S13ge Management Association, BECTU and Theatres Trust. The Theatre Safety Committee support5 the A8rr in the production of a Code of Practice for the Theatre Industry. StUEe Monogement Associotion (SMAJ The A550Clation has a close working relationship with the Stage Management Assts¢iation (SMA). an organisation existing to promote better standards in Stage managemenL It is a joint founder wtth the A530ciation in the Production Managers, Forum. Interndtional Organisation of Scenographets, Theotre Ar¢hrtects tind Technicions {OISTA7) The ABrr 15 a member of OISTAT. a coyerative. non-governmental o￿aniSatIo[l which operates under the auspices of UNESCO. OISTAT'S principal purpose is to foster opportunitie5 for co-operatiot) between and among theatre organisations. The ABTh is one of the OISTAT Centres in the UK and as such ptays an actiye role in ea¢h Commission. www.oistaÉ.orgl THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The0￿$ Trust The ABTT provldes expert technirdl 25sisrance to rhe Theatres Trust, which is ¢he natlonal advisory public body for theatre5. The Theatres Trust believes that current and future generation5 should have access to good quality theatre buildings where they tan be inspired by, and enjoy, live performance. It champions the future of liye performance by protecting and supporting excellent theatre buildings which meet the needs of their communities. It does this by providing advicè on the design, planning. development and sustainability of theatrè5. campaigning on behalf of theatres old and new and offering financial assistance through grants. y1v￿.theatrescru$t.Qrs.uk Associorion of Performing Arts Collethons (APAC) & SIBMAS The Association is a member of the Asso¢iati¢n of Performing Arts Collections and SIBMAS the International Association of Libraries, Museums, Archives and Documentation Centres of the Performing Arts. APAC is a key forum for the placement of performing arts archiyes and collections for whlch the ABrrs and parttcularty the Historical ReSea￿h Committee's help is sort in connection with their disp0$21. Allionce of Associotions and Profrs5i¢￿al5 in Theotre & Lj've Events (AAPTLE) AAPTLE includes representative5 who work in all aspec¢s of the theatrical and events community induding more th￿ two hundred thousand creative and production practttioners. It Seeks to work towards maknng the industry a safe, inclusive and sustainable place to work now and in the futurè. Member$hip of thè Association There ¥e Various ways of loining the ABTh: a5 a Member. an Associate or an Affiliated Orgartisation. Membership of the Association at 31 December 2023 was as follows.. 2023 2022 2021 2020 2019 2018 Fellows 26 26 26 22 22 22 Honorary Members Members 16 14 13 14 14 15 318 324 329 346 370 316 Associates 1285 1217 1158 1168 1255 Affili74ted Ortdnisation5 TOTALS 261 241 209 199 226 217 1906 1822 1687 1839 1800 1825 Members Any individutl with relevant experience and manrfest commitmentto the technical aspects of the art of the theatre is qualified ¢0 be 4 Member of the Association. Those people have given a worklng life's commitment to the art of technical thwdtre can conunue as retired Members. The admission of applicants is de¢¢rmined by the Trustse-Direttors. The Trustee-Director5 may appoint as Fellows of rhe Association any person5 who. in the opinion of the Trustee- Director5, have rendered signal Se￿ice to the technical aspects of the art of the theatre. The Trustee-Direttors may also appoint as Honorary Members of the Association any persons who, in the opinion of the Trustee- Directors. have rendered signal service to the Association. Fellows and H<)norary Members are en(itled to the privileges and rights of Members. THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Members together with Fellows and Honorary Members have the right to Vote and are collectively referred tg in this Report as the Elec¢oral College. At the ABTT'5 Christmas Parry on 8 December 2023. the Association bestowed Richard Bunn wrth an Honorary Membership and appointed Margaret Shewring a Fellow of the A8TT. Assoclotes Any individual who is interested in technical aspects of the arr of the theatre is qualified to be an Associate of the Assoclarion. This includes Young, Early Career and retired Associaces who are keen to btsth enter the industry and maintain their links once their working life 15 over. Affilioted organlsatlon$ Any non-profit di5tributlng organisation interested in technical aspects of the art of the theatre is qualified to be affiliated to the A5$9ciation. There are various kinds of Affiliates depending upon how many individuals they wish to receive membership benefits. Activity, Achievements and Performance The ABTh is proud of i¢5 many achievements in bringing together a wide range of people who wish to make UK and international theatre more successful. The ABrr work5 collectively to ensure theatres are better designed. better equSpped and that staff are trained to the highest P05$1ble Standard. The ABTh is a unique organisation that fa¢ilirate5 the bridge between producers. theatre operntor5 and designers, technicians and architects. The A550ciation brings people together who di5CU55 improvements in theatres and theatrical practices which allow the successful staw'ng of productions of all sizes. The Association has high ambitions. It encourages debate and welcomes the reeruicment of new member5 to help shape forthcoming generations of pracutioners. The A8Th's major area5 of activity are the provision of publicatiorE5 2nd ¢raining,' the work of the technical tommittees- and the presentation of events and a55ociated seminar5 suth as the annual Theatre Show: the MAKE A DIFFERENCE Conference and the quadrennial ITEAC Conference. The outcomes of the ABTh's aCti￿tIeS are primarily directed at its members, but in doing so it fulfi15 a wide and important public benefic through helping the theatre indusEry remain safe and innovative. The prime purpose of the ABrr is ¢0 provide a means for the cross communication of knowledge and experience amongsc th05e who d¢5ign, build and operate theatres In the UK and internationally. A better-informed industry will alway5 achieve more. In 2023 the ABTT contributed to the charitable public benefit in a number of important areas.. Regular advi￿. training provisl¢Jn.' events. Seminars and recognition and the work of the ABTh Committees, as detailed below. Regular advice The ABTh provides updated advice on ¢heacre operation. refurbishmenc and compliance with safety reguladons wlthin the United Kingdom. The ABTh produces, with rhe 5UPPOrt of the national Theatre Salety Committee, a Code of Prattice for the Theatre Industry in the UK. The Code of Practice include5 ABrr Blue Book Codes of Practice, Guidance Ngte5, FAQS and the regular Safety Matters and Tethnical Standards columns whith appear in Sghtline the ABrr's Journal of Theatre Technology and Design. THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The primary reference for the Code of Prn¢tice for the Theatre Industry is Tethnicol Sttjndords for Places of Entertainment to which the ABTh contributes siJbstantia11y, together with providing the secretariat and administfdtion of the editorial Standing Committee. ABTh also contribute5 to other publication5 such as R U Safe? and Non£onventionol Theatre Spaces. Training Provision The ABTh offers relevant training to the theatre industry. This is Yitally important to ensure managers and technitians have the skn'lls which will equip them to work in an everol of potential TrUSte￿ireCtOrS by actNely encouwng more ￿sOCIateS to become Member5 and increase the size of the Elettoral Colleg•. The A5so¢larion seeks to fvrthèr develop Its trddlng activities to Increase the diverslty of its income revenue and increase revenue marglns In order to undertake mor¢ activlties in the deiivery of sts charitable work and better serye its communities. THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 FINANCIAL REVIEW The Trustee-Direttors monitor the financial position on a quarterly basis via the preparatton and review of Management information. which, amongst other procedure5, is discussed at ABTh Council meetings. The following year's activities for both the Charity and its trading subsidiaries are agreed during the proce55 of setting detailed budgets in the autumn of the preceding year. The Consolidated Financial Statements for the year ending 31 December 2023 together with the related Notes to the FIn￿CId Statements are annexed to this Report. The Trustee-Directors present Con501idated Financial Statements in accordance with Accounting and Reporting by Chariues.. Statement of Kecommended Practice applicable to charities preparirhg their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective Istjanuary 2019)- (Charities SORP IFRS 102)), the F4nan¢ial Reporting st￿dard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Att 2006. The Consolidated Statement of Financial Activitie5 shows a surplus for the year of £63.378 (2022: £37,140). The b¢Jdget for the year h2d an outcome of a surplus of £19.280. The improvement over the budget was due to bettsr performance in membership and ISG renewals {£7.800). higher net income from the Theatre Show (161,300) and training {£26.800). savings in overheads (£26.31)0), hrgher interest income (£6,300), offset in part by the nec cost of presenting a hybrid rrEAC, the first such conference Sin￿ the pandemic (deficit £83,500). The Charity's wholly owned trading subsidiary. Theatrical Trading Limited made a surplus for the finarh¢ial year of C287.53712022.. £176.576). The charitls wholly owned trading subsidiary. Theatyical Events Limited made a loss for the financial year of £86,920 (2022= loss of £29.614). The principal funding source of the Charity. other than the trading activiues of the subsidiaries, 15 membership subscriptions. Membership and subscription Revenues remained ¢onsistent with the previous year at £124,820 12022.. £124.941). No professional fundraisers are used by the Charity. The Trustees monitor all fundraising. Inv¢stment powers and policy Under the Memorandum and Arudes of Associatiot), the Association hès the power to invest in any way the Trustee-Director5 determine. The Council, having reprd to the liquidiry requkrements of operating the Association and it5 polt¢y reprding reseThes has operntsd a policy of keeping available funds in Interest-bearing deposit accounts. Resepves policy The Trustee-Directors reconsider the level of unrestri¢ted reserves on an annual basis. {Unrestritted reserve5 are fLtnds that are freely available which the Association neèds to pursue its objettiyes). The unrestricted reserves at 31 De¢ember 2023 were £396,872 (2022.. £333,494,. 2021.. £296,354 ..2020.. £295,343- 2019-. £3 IS.929: 2018-. £314,725,. 2017.. £274,963. 2016.. £270.720>. The Trustee-Directors view this THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Llmlted by Guarantee) TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 level of reserves as sufficient to meet the Charity's immediate objertive5 and to provide some degree of financial flexibility into the medium term and in the current econom1¢ ¢onditions. The Generdl Fund stands ac £201,872 (2022.. £193.494: 2021= £156.355., 2020.. £155,343.. 2019.. £175,929. 2018.. £174.725- 2017.. £144,963- 2016.. £140.720) (see Note 19). The Trustee•Directors established the General Fund at a level sufficient to ensure tht ftnan¢ial viability necessary to provide the A550ciation wfch working funds and for the generic development of the Association's activities. In broad term5. the fund represents 6 months, expenditure for the Charity. The leyel of the General Fund 15 subjert to annual review by the Trustee-Director5 to ensLtre that It remain5 appropriate. Charities SORP (FRS 102) requires the Trurtee-Dire(tors to consider the risks to whi¢h theAssociation is subjett and to take Steps to mitigate those risk5. Further infomiation on how this risk asse55ment and monitoring h35 been conducted is set out in the RFsk Management Section above. As part of their overall review of risks, the TrUS￿e-DirectorS considered that provision should be made for ¢ontingencie5, particularly in view of the Association's reliance upon the financi￿ surplus arlslng from the activities of Theatrical Trdding Limited and Theatrical Events Limited. which cannot be assured to continue at the Same level from year to year. The awvity of Theatrical Events Limtted is to run the four-yearly International Theatre Engineering and Architecture Conference. Ythich was held in 2023. The Theatre Show run by Theatrical Trnding Limited is held every year. The Trusree-Direc¢ors have decided that the level of the Contingency Fund should be tn¢rea5ed to £150,OC (2022= £95.000) given the risks in the business and will Continue to monitor this closely in fijtsjre persods. The Tru5tee-Directors have reviewed the level of each of the de5ignatsd funds and have set the Publication Fund at £20.000 (2022-. £20,000) and the Trnining Fund trj £20.00012021. £20,000}, w reflect expected expenditure on the planned activttses of the Charity. Specifically, the Publication Fund 15 being used Éo revise the publication Theotre Buildings.. o design gurde which was last revised in 2010. The Trdining Fund wll be used to support increased training activity- The Tèthnic?l Acce55 Pa55POrt Fund is maintalned at £5,000 (2022.. £5,(#￿) and this will be monltored on an ongoing b251& The Truste&Directors currentty expec¢ the designated funds to be used within one to two years and fvrther detail on the movements in unrestritted funds is shown in the annexed financi￿ statements. Trustees responsibilities in relation to the financial statements The Trustees (who are also dlrectors of The Associatron of British Theatre Te¢hni¢ians for the purposes of company law) are responsible for preparing the Trustees, Report and the finan¢ial statements in accordance with applicable law and United Kingdom Accounting Standards (Unitefl Kingdom Generally Accepted Accounting Practice). Company law requires the Trustses to prepare financial statements for each financial year, Ythich gNe a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. including the income and expenditure, of the charitable tompany for that period. In preparing these financial statements, the Trustees are required to.. select SLFitable accounting poli¢le5 and then apply them consistently: observe the method5 and principles in the Charities SORP {FRS 102).. ' rnake judgments and accounting esumat¢s that are reasonable and prLFdent: THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial 5tatements', prepare the financial statements on the going concern basis unle55 it 15 inappropriate to presume that the ¢haritable company will continue in operation. The Trustees are responsible for keeping adequa￿ accoun¢ing records that disclose with reasonabl¢ t¢¢urdCy at ny 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 ompany and hence for taking reasonable steps for the prevention and detection of frnud and other irregularities. In so far a5 the trustees are aware.. there is no relevant examination infomiation of which the charitable company's independenr examiners are unaware, and ¢ha¢ the Trustees have taken all the step5 that they ought to have to make themselves aware of any relevant examination informauon and to establish that the independènt examiner is aware of that information. The Trustees, Report has been prepared in accordance with the provlsions applicable to entities 5ubje¢t to the small companies, regime. Independent Examiner At the 2022 Annual General Meetin& John Coverdale was re-appoint¢d as Independent Examiner to Ehe As50Ciation for the ensuing year. By order of the Trustee-DirKtors David Evan5 TrU￿e-DIrect0r Dats.. 31Trh May 2024 THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Independent Examlner's Report to the Trustees of The Associatlon of British Theatre Technicians ('the Group.) I report to the Association Trustees on my examination of the consolidated accounts of the Group Comprising The Association of British Theat￿ Te¢hni¢ian5 rthe parent Association'l and its subsidiary undertakrng5 for the year ended 31 December 2023 on pages 27 to 52. Re$ponsibllltie$ and Basis of Report A5 the Trustees of the parent Assotiation (and it5 director5 for the purposes of company law) you are responsible for the preparatlon of the con501idated accounts of the Group in accordance with the requirements of the Companies Act 2006 (the 2006 Acc) 74nd you have chosen to prepare consolidated accounts for the Group. You are satisfied that the accounts of both parent Association and the Group are not required by either company or charity law to be audited arsd have chosen instead to have an independen¢ examinacion. Having satisfied myself that the con591idated accounts are not required to be audited ufid¢r Par¢ 16 of the 2006 Act and are eligible lor indèpendent examination. I report in respect of my examinatton of the Group's accounts carried out under s¢¢tion 152 of the Charities Act 2011 Cthe 2011 Act'l. In carrying our my examination I have followed the Direction5 gwen by the Charity Commission under s¢¢tion 15215)Ib) of the 201 I ACL An independen¢ examination does not involve gatherlng all the eY¢dence that would be required in an audit and onsequendy does not cover all the matTrrs that an auditor considers in ￿vIng their opinion on the ac¢ounts. The planning and tondurt of an audit go beyond the limited assurance that an independent examination (an provide. Consequently, l express no option as to whether the ctsnsolidated accounts present a 'true and fair, view and my report 15 limiced to those specific matters set out in the independent examiner's statement Independent Examiner's Statement Since the Trustees have opted to prepare consolidated accounts for the Group your examiner must be member of a body listed in section 145 of the 2011 ACL l ¢onfirm that l am qualified to undertake the axamination because l am a member of ICAEW. whi¢h is #ne of the listed bodie5. I have completed my examination. I confirm that no matters have come to my attentlon In ¢onntction with the examination giving me ¢ause to believe.. accounting records were not kept in respect of the parent Asso¢Éation and 1¢$ subsidÉaries as required by 5ettion 386 ofthe 2Crf)6 ACL or the accoltrnts do not accord with those records; or the accounts do not comply with the atcounting requirements of settion 396 ofthe 2006 Act other than any requirement that the accounts give a'true and fair. view which is not a matter considered as part of an Independent examination., or THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Llmlted by Guarantee) INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 the accounts have not been prepared in accordance with the method5 and principles of the Statement of Recommended Prnctice for accounting and reporting by charities applicable to charities preparing their #ctounu in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021. I have no concerns and have come across no other matters in connecuon with thè examlnation to which attention should be dt2wn in this report in order to enable a proper understanding of the accounts to be reached. This report 15 made solely to the Association's Trustees, as a body, in accordance wirh Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so tha( I might state to the Association's Trustees those matter$ l am required to state to them in an Independent Ex2minerfs Report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other Ihan the paren¢ Association and the Associa¢ion'5 Truscee5 a5 a body, for my work or for thi5 report. Signed.. John Coverdale FCA 2 London Wall Hace. 6th Floor, London, England, EC2Y SAU THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Llmlted by Guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrirted funds 2023 Total funds 2023 Total funds 2022 Note Income from: Donations. royalties and grants 14,016 14,016 11,838 Chari¢able attivities 124,820 124.820 124.941 Other trading activities 758.387 758,387 447,660 Investments 7,709 7.709 1,760 Total income Expenditure on: 32 Non charitable trading activities 557.519 557.519 300.470 Charitable attivities 284,035 284.035 248.589 Total expenditure 554 Net movement In funds Reconciliation of funds: Total funds br*)ught forward 333,494 333.494 296.354 Net moveanent in fLTrnds 63,378 63,378 37.140 Total funds carried foryiard The Con501idated Statement of Financial Acdvit1È5 include5 all gains and losses recognlsed In the year. All income and expenditure derive from ¢ontinuing attivi£ies. The notès on pages 32 to 52 form part of these financSal sta¢ements. THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) REGISTERED NUMBER: 1231725 CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Fixed as$ets Tangible assets 13 1,625 1,620 1.625 1.620 Current assets Stocks 15 1.524 1 1,647 Debtors 16 58,768 144.971 Cash at bank and In hand 542,027 410,288 602.319 556.906 Creditors.. amounts falling due wthin one year 17 (207.072) (201,032) Net Current assets 395.247 355.874 Total assets les$ current Itabilities 396.872 357.494 Creditor5'. amounts falling due after more than one year 18 (24,000) Net assets excluding penslon asset 396,872 333,494 Total net a55et5 Charity funds Unrestricted funds 19 396,872 333,494 Total funds The A550C12tion was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to a¢¢ounting records and preparation of financial statements. The financial ststerneftts have been prepared in accordance with the provi5ion5 appli¢able tt* entities subject to the Sm￿1 companies, regime. ## **THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS** ## **(A Company Limited by Guarantee) REGISTERED NUMBER: 1231725** ## **CONSOLIDATED BALANCE SHEET AS AT 31 DECEMBER 2023** The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: David Evans Trustee Date: 30th May 2024 The notes on pages 32 to 52 form part of these financial statements. Page I 29 ## **THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS** ## **(A Company Limited by Guarantee) REGISTERED NUMBER: 1231725 ASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2023** |**Fixed assets**
Tangible assets
Investments
**Current assets**
Debtors
Cash at bank and in hand
Creditors: amounts flling due within one
year
**Net current assets**
**Total net assets**
**Charity funds**
Unrestricted funds
**Total funds**
**Note**
13
14
16
17
19|421,815
172,107||**2023**
1,625
22|**2023**
1,625
22|


_232,895_
_/58,/36_||_2022_
£
_1,620_
22| |---|---|---|---|---|---|---|---| |||


|1,647
519,862|||
|_1,642_
_320,517_| ||593,922
(74,060)||||_391,03 I_
_(70,514)_||| ||||||
||| |||||521,509|||322,l52| |||||521,509|||_322,/59_| |||||521.5~~09~~|||_322, _/ ~~52~~| - The Association's net movement in funds for the year was£/ _50,302 (2022 £66,754)._ The Association was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small company's regime. The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: David Evans, Trustee Date: 30 **[th ]** May 2024 The notes on pages 32 to 52 form part of these financial statements Page I 30 THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) CASHFLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023 Group 2023 Group 2022 Charity 2023 Charity 2022 Net movement In funds 63.378 37.140 199,350 66,754 Add back depreciatior¢ Deduct in¢ere5¢ irÈcome to be shown in investing activities 885 6,437 6,437 7.709 1,760 Decrease l (increase) in stock 123 2,236 Decrease l (increase) In debtors 86,203 72,786 188.920 1121.038) Increase l {decrease) in creditors Cash generated from l (used) In operating activities 17.960 86,576 3,546 17.091 124,920 57.843 14.862 30.756 Cashflows from investing activities Interest income 7.709 1,760 Purchase of tangible fixed assets 890 1,768 890 1.768 Cash (used in) I generated from investing activities 6,819 890 1,768 Increase I decrease in cash and cash equivalents in the y¢¥ 131,739 57,835 13.9n 32.524 Cash and cash equivalents in the beginning of the year 410.288 352,453 158,136 190,660 Total cash and cash equivalents at the end of the year 542.027 410,288 172,108 158,136 At31 December At l January Cashflow for 2023 the year 2023 Cash at bank and in hand 410,288 131,739 542,027 THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General information The Association of British Theatre Technician5 15 a charitsble company limited by guarantee and 15 re9's￿red with the Charity Commission (Charity Registered Number.. 2820691 and the Registrar of Companies (Company Rey'stration Number.. 12317251 In England and Wales. In the event of the Group being wound up, the liability in respect of the guarantee is limited to £1 per Member of the Group. The address of the registered office 15 given in the Group informatlon on page l of these financial Information. The nature of the Group's operations and principal activiries are detailed within the Tru5tee5 Report. The financial statements are presented in £ steAings rounded to the nearest £ l. Accounting policies 2.1 Basis of prèparation of financial statements The financial statements have been prepared in accordance with the Charities SORP IFRS 102) Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporknng Standard applicable in the UK and Republic of Ireland IFRS 102> (effective l January 2019). the Financial Keporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies kn 2006. The Association of British Theatre Technicians meets the definition of a public benefit entity undèr FRS 102. A55et5 and liabilities are initially recogni5ed a¢ historical cost or transaction value unle5$ otherwise stated in the relevant accounting policy. The financial statements have been presented in sterling, which is also the fvnctional ¢urrency of the Group and are rounded to the nearest pound. The Con501idated Statement of Financial ActFvities (SOFA) and Consolidated Balante Sheet consolidate the finan¢tal st1￿ments of the Association and its subsidTrary undertaking. The resulrs of the subsidiary ¥e ¢onsglidatÈd on a line-by-line ba515. The Statement of Financial Activities dealt with in the accounts of rhe Chariry showed a surplus of £150,302 {2022= £66,754 surplu5) The Association has taken advanuge of the exemption allowed under section 408 of the Companies Act 2006 and has not presented its own Statement of Financial Activities in these financial statements. The significant accounting policies applied in the preparation of these financial statemenrs are set out below. These policies have been consistentty applEed to all years presented unles5 Otherwise s¢at¢d. THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2.2 Golng Concern The financial ststements have been prepared on a going concern b#sis. The Trustees have considered relevant inforrrrdtion, including budgets ar￿ cash flow projtcuons together with th• Impact of subs¢gu¢nt events. in making their assessment. L3 Income All income is recognised once the AssocIat￿n has entitlement ro the incs>ne. Ir Is probable that the Income w511 be rettfved and the amount of income receivable Can be measured rellably. The recognltion of Inc¢)me from legacie5 15 dependent on es¢abli5hing entidemenL the probabiliry of receipt and the ability ¢0 e5tirnate with sufficient accuracy the amount receivable. Evidence of enutlement to a legacy exists when the A$50ciation has sufficient evidence that a gift has been left to them {through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the properly in question will not be required tts satlsfy Claims in the estate. Recelpt of a le8xcy must be recognised when it is probable that it wlll be received and the falr value of the amount recelvable, which will gene￿lY be the expected cash amount to be dlstrlbuted to the Ass¢¢Sation. can be relSably measured. Grdnts are included in the Consolidated Statement of Financial Activities on a receirdble basis. The balance of incomè rèceived for specific purposes but not èxpended during the period is shown In the relevant fLrnds on the Balan¢¢ Sheet. Wher¢ in¢ome is recebved In ad*an¢e of envidement of receipL its recognl¢ion 15 deferred and induded in credr(or5 35 deferred income. Where entltltment occurs before Income Is received. the in¢¢)me is Kcrued. Other income is rKognised in the perit)d in Nthich it is rec￿vable and to the extent the goods have been provided or on completion of the ser¥bC& 14 Expenditure Expendiwre is reco￿15£d once there is a legal or constructive obligation to transfer economlc benefit to a third party, it is probable that a transfer of economic benefits wlll be required in setdement and the amount of the obligation can be measured reliably. Expendittsre is dasslfied by •¢uvity. The cost5 of ea¢h artlvlry are madè up of the Eoul of dirett costs and shared costs, Including support Costs involved In undertI￿n8 each artlyiw. Direcr costs attributable to a slngle acdvirr are allocated directly to that attlvity. Expenditure on charitable actSvities is incurred on direttly Ltndertaking the activitles whlch further the Group's oblecdves, as well as any associated support costs. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recogni5ed as expersditure when the conditions attaching are fulfilled. Grants offer¢d subject to conditlons whlch have not been met at the year-end are noted ¥ commT¢men( but not a¢crued as expenditure. All expenditure Is Inclusive ol irrecoverable VAT. THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2.5 Government grant$ Government grants relating to rangible fixed assets are treated as deferred income and released to the Consolidated Statement of Financial ActivitFes over the expec¢ed useful lives of the assets concerned. OEher grants are credited to the Consolidated Statsment of Financial Accivitre5 as the related expenditure is incurred. 2.6 Interest receivable Incerest on lufids held on deposit is included when recetvable and the amount can be measured reliibly by the Group., this is normally upon notification of the intsrest paid or payable by the instiwtion with whom the funds are deposited. 2.7 Taxation The A550ciation is considered to pass the tests set out in Pardgraph I Schedule 6 of the Firhance Art 2010 and therefore it meets the definition of a charitable company for UK corporation tax purpose5. AccOrdin￿y. the Asso¢iation is potentially exempt from taxation in respect of income or capital gain5 received withirb categorte5 ¢ov¢red by Chapter 3 Part I l ol the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to th¢ extent that such income or gains are applied exclusÉvely to charitable PLtrposes. 2.8 Tangible fixed assets and depre¢latlon Tangible fixed assets are initially recognised at COSL After recognition, under the Cost modol, tanglble fixed a55ets are measured at cost less accumulaced depreciation and any accumulated impairment 105se5. All costs incurred to bring a tangible fixed asset irito rts intended working condition should be included in the measurement of COSL Depreciation is charged $0 as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the 5¢raight-line method. Depreciation Is provlded on the following basis.. Office equipment Website development 25% - 33% straight line 33% straight line 2.9 Investments The inYe5tmenrs In ¢rddlng subsidiaries are valued at C05t le55 provision for impairmenL 2.1 Ostocks Sro¢ks are walued at the lower of cost and net reali5able value after making due allowance for Obsole￿ and slow-moving Stocks. THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2.1 l D¢btor5 Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trdde discounts due. 2.12Cash at bank and in hand Cash at bank and in hand includes cash and 5horc-tem highly liquid investments with a short maturity of three months or less Irom th¢ date of acquisition or opening of the depo51t or similar accounL 2.13Liabilittes and pn)vl$ions Llabilitles are recognised when there is an Obl$￿tIOn at the Balance Sheet date as a result of a past even¢ it is probable that a transfer of economic benefit will be required in settlemen¢ and thè amount of the setdement can be estimated reliably. Liabilities are reeognised at the amount that the Association anticipates St will pay to settle the debt or the amount it has receFved a5 advanced payments for the goods or servi¢es it must provide. l>rovisis)ns are measured at the best esttmate of the amounts required to setde the obligation. Where the effe¢t of th¢ time value of money is material. the provisign Is based on the present value of those amounts. discounted ac the pre-tax discount ratè that refletts the risks specific to the liability. The unwinding of the discount is recognised the Consolidated Statement of Financial A¢tivities as a finance COSL 2.14Flnan¢ial instruments The Group only holds bask financ4al instruments. The financial assets and financtal liabilities of the Group are as follow5.' Debtors - trade and other debtors (including accrned income) are basic financial instruments and are debt instruments measured at amort15ed cost a5 detailed in Note 16. PrÈpayments are not financial instrum¢nts. Cash at bank - is classified as a basic financlal instrument and is measured at face Wdlue. Liabilities trnde creditors, accruals and other creditors will be classified as fI￿n(la[ Instruments, and are measured at amortised cost a5 detailed in Notes 17 and 18. Taxation and social security are not included in the financial instrument disclosure. Deferred lrtcome Is not deemed to be a financial liabillty. as In the cash settlement has already taken place and there 15 Simply an obligation to deliver charitsble services rather than cash or another financial Énstruments. 2.15Pensions The Group opera￿$ a defined corhtribution pens1¢)n Scheme and the pension charge represents the amounts payable by the Group to the fuTid in respect of the year. THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Llmlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 2.16Fund accounting General funds are unres¢ricted funds which are available for use at the dis¢retion of the Trustees in furtherance of the general objectives of the Gro¢Jp and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the TrUS￿e$ for particular purposes. Investsnent income, gains and losse5 are allocar¢d to the appropriate fund. Income from donations and legacies Vnrestrirted funds 2023 Total tunds 2023 Donations 13.445 13,445 Royalties 571 S71 UnrestrKted rund 2022 Totol fvnds 2QlZ Dorbation5 11,632 11,632 Royalties 206 206 THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Income from Charitable activities UnrÈstrictEd funds Totsl funds 2023 2023 Subscriptiot)s Unrestricted funds 2022 rot runds 2022 Subscrlptions Income from other trading activitles Income from fundralslng events Llnrestricted fund6 2023 Total funds 2023 Toiol funds 2022 Fundrai51ng Income from non charitsble trading activities Unrestrlettd funds 2023 Total fund$ 2023 Trading subsidiary income UnresrrK£éd fvnds 2022 funds 2022 Trydding subsidiary income THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Investment income UnYestri¢ted funds 1023 Total lunds UnrestrKted fvnd5 2022 ro¢al fvnds 2022 2023 Investment income 1,217 1,217 Interest receivable 7,709 7,709 543 543 Expenditure on non charitable trading activlties Unrestricted funds 2021 Total lynds 2023 UnrestrKted funds 2022 Totol fvnds 2022 Cost of sales 550.275 550.275 296.201 296,201 Administration expenses 7.244 7,244 4,269 4,269 knatysls of grants Unrestricted funds 2023 Total funds 1023 Unrestrictsd fvnds 2022 Totd fvnds 2022 Grdnts, Members, services 9,750 9,750 3.750 3.750 THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Analysis of expendithre on charitable activities Summary by fund type Unreltrlrted fund$ 2023 Total funds 2023 Unrestriaed funds 2022 Total rvnds 2022 Members, services 284,035 284,035 248,589 248.589 10. Analysls of expenditurè by activities Aetivltle undertaken directly 2023 Gpant funding of activttlt$ 2023 Support Costs funds 2023 2023 Member5, services UndertoAe Gmnt ofacrmties TctGI 2022 2022 2021 Members, ser￿¢t$ THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l O. Analysi5 of expenditure by activities (continued) Anatysis of support costs Unrestricted funds 2023 Total fvnds 2023 Sraff costs 203,561 203,561 Recruitment 3,612 3,612 Depreciation 885 885 Office Equipment Rental 2,182 2.182 Insurance 3,220 3,220 Events 9.802 9,802 Independent examiner's remuneration 4,226 4,226 Consul¢ancy fee5 443 443 Bank charges 4.161 4,161 Printing, postage and stationery 4,413 4,413 Telephone 2,587 2,587 Advertising and publicity 895 895 Web Sit¢- annual tosts & maintenance 5,653 S,653 IT suppgrt 20.049 20.049 General expense5 2,195 2.195 Other staff costs 1.934 1,934 THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 l O. Analysis of expenditure by activitles (contlnued) Unre$trKted fvnds 2022 Total fvnds 2022 Staff costs 164.974 164.974 Depre¢iadon 6.436 6.436 Wa￿r charges {47) (47) Office equipment renral 2,079 2.079 Insurtnce 3.096 3.096 Events 8.592 8.592 Independent wminer'5 remuneraoon 4.026 4,026 Consultancy fees 5,510 5,510 Bank charges 2.678 2.678 Printin& postage and ststionery 4.071 4,071 Telephone 1704 1704 Advertising and publicity 3,053 3,053 Webslre- annual costs and maintenance 7.442 7,442 IT Support 25,827 25,827 General expenses 1,367 1.367 Other staff ¢osts 2.195 2,195 THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 I l. Staff costs Gmup 2023 Group 2022 A$$oclation Assowtion 1023 2022 Wages and salaries 183.264 147.986 183,264 147,986 Social se¢urity Costs IS,374 12,548 15,374 12.548 Pension costs 4,923 4,440 4,923 4,440 The aYÈra8e numbèr of persons employed by the Association during the year was as follows.. Group 2023 Grou Association knoclaoon 2022 2023 2022 Management Office and administration The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,¢XIO was.. Group Gro 2022 2013 In the band £80.001 £90,000 The Key Management Personnel of the Group comprise the Trustees and the Chief Executive Officer. The total employee benefits (including employer's national insurance and employerfs pension concribution$) of the Key Management Personnel of the Group werè £90,299 (2022.. £86,425). THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 12. Trustees, remuneration and expenses During the year, two TnJ5tees received fees. on a commercial basis, from Theatrical Trading knmited in respect of the provision of training service5, totalling £18,354 (2022.. 2 Trustees, totolling £9,734). There are no outstanding b￿anceS at 310ecember 2023 in respett of these transactions. The Trustees {wlth the relevant Trustees abstaining from involvement in the dis¢usslons and deci5i0n5 thereto) were satisfied that this arrangement was in the best interest of the group. During the year ended 31 Decèmber 2023. no Trustee expenses have been incurred {2022.. £NIL). THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 13. Tangible fixed a￿ets Group and A550clatlon Offi¢¢ equipment Website development Total Cost or valuation At l January 2023 3,038 37,731 40,769 Additions 890 890 At 31 DeCern￿r 2023 3,928 37,731 41,659 Depreciation At l January 2023 1,418 37.731 39,149 Charge for the year 885 885 At 31 December 2023 2,303 37,731 40,034 Net book value At 31 December 2023 Ai 31 December 2022 THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 14. Fixod asset investments Ihvestment5 subsidiary companles Association C05t or Valuation At l January 2023 22 At 31 December 2023 Net book value At 31 December 2023 22 At 31 December 2022 THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 15. Stocks Group 2023 Group 2022 Flnished goods and goods for resale 16. Debtor5 Group frovp 2022 Asw¢i•tion Assooaoon 2022 2023 2023 Due within one year Trade debtors 31,983 29.388 2.263 1,050 Amounts ¢wÈd by group undemkings 410,281 220.349 Other debror5 6.115 351 5,225 6.111 Prepayments and accrued income 20.670 115.232 4.046 5,385 17. Credltors: Amounts falling due within one year Group Grots A960d*tion A$souatyon 2013 2022 2023 2022 Trade creditors 6,391 16.184 4.945 11,703 Other taxation and social security 18.549 5,479 6.335 5,479 Other creditors 12,500 12,500 12,500 12.500 Accruals ind deferred income 169.632 166,869 50.280 40.832 THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Group 2023 Ags¢xla¢lon Assooofyon 2022 20Z3 2022 Deferred income at l January 2023 12&336 74,174 16.874 6.687 Resources deferred during the year 121.528 102.336 22,631 16.874 Amounts released from premous periods (124,186) (50.174) (16,874) (6.687) The toul deferred income at 31 December 2023 of £123,678 (2022 - 1126,336) is all payable withrn one year (2022 £102.3361. The prior year inclLFded £24,000 payable after one year). The deferred income at the xear-end related to subscription, training and Theatre Show income receFved in the year ended 31 December 2023 which related to future periods. 18. Credltor5: Amounts falling due after more than one year Group 2023 2022 Deferred income THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of unrestricted funds- 19. current year Balan¢e •¢ 31 December Balance at I January 2023 Transfer5 Inlout Income Expenditurt 2023 Designated funds Contingency fund 95.O¢XI 55.C(iO 150,000 Te¢hnl¢al A¢¢ess Pasp¢rt 5,0 (1,5371 1,537 Publication fund 20.000 19,208 114,2071 (5.001) 20,Ci)O Trdining fund 20.O¢XI 150.221 (96,310) (53.911) 20,(J)O 140,000 169,429 (112,054) {2,375) 195,CN)O General funds Generdl Funds 49 5503 201872 Total Vnrestrlcted fiinds The transfer 01 £2,375 from Deswiated funds to General fund5 represents funding for expenses initially met through the General fund but applicable to the Designated funds. Transfers between Designated fvnd5 refiect the detisions Of the Trustees relating to the requirements of the Designited funds. THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Statement of unrestricted funds - prior year 8oJance at l JoThiory 2022 31 December Income E¥pendI￿re inlovt 2022 Unvestvicted funds Deslgnated funds Contingency fund 95,000 95.000 Tap This fund 5.000 (I,S3 7) 1.537 5,000 Jblication fut)d 20.000 10,417 (19.313) 8,896 20.000 TraÉning fund 20.000 108,541 (72.857) (35.684) 20,000 140.000 118.958 (93,707) (25,251) 140.000 General funds General Funds 467241 193494 Total Unrestricted funds Pa THE ASSOCIATION OF BRITISH THEATRE TECHNICIANS (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 20. Pension commitments The group operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the group in an independently administered lund. The pension c05t charge represents contributions payable by the group to the fund and amounted to £4,923 12022 - £4.4401. £1,¢)99 {2022 - £1,046) was payable to the fund ac the balance sheet date and is included in creditors.