Pascal Theatre Company REPORT AND FINANCIAL STATEMENTS 31st Mar¢h 2024 COMPAy REGISTrATION NUMBER.. 1780068 CHARITY REGISTRAT]ON NUPABER 291910 Frank S Lachman 31 Fair4iew Way Edgwarg Middlesex HA8 8JE
PASCAL THEATRE COMPANY YEAR ENDED 31ST MARCH 2024 LEGAL AND ADMINISTRATIVE INFORMATION DIRECTORS & TRUSTEES: Dr L6y8 Landau Dr Julia Pascal R Posner A S Corbett Professor Mary Luc*hurst Leonie Mellinger Katherinè Kbnger Resiqned 30th August 2023 COMPANY SECRETARY: A S Cortjett REGISTERED OFFICE: 35 Flaxrnan cIrt Raxman Terra¢ London WC1H 9AR CHARITY REGISTRATION NUMBER: 291910 COMPANY REGISTRATION NUMBER: 1780068 ACCOUNTANTS Frank S Lathman 31 Fairmew Way Eggware Middlesex HA8 &JH BANKERS.. The Cperate Bank Pk Comhill London EC3V 3NJ Cheques Postaux 599)0 Lillè Cheques France P4e1
PASCAL THEATRE COMPANY DIRECTORS. AND TRUSTEES. REPORT The direclorsftkustees present their rewrt and the financial slatements for the y8ar ended 31sl March 2024. Dlrectors. Responsibilltle$ Company Law which is also applicable to charitsble companies in England and Wales requires the directors, who are also trustees of the company. to prepare financlal statements for each financial year which give a true and fair view of the state of affairs of the company and of the resu$ of the companyfor that year. In preparing those finanal ststements, the dirgCtor51trusteos are required lo". select suitable accounting polic$ and then apply them wnsistenly, observe the methods and prinCIpS in the Charities SORP.. make judgements and eslirnates that are reasonable and prudent- slate whether applicable UK accounting standards have been followed, subject to any material departures., prepare the financial statements on the going concern basis unless il is inappropriate to presume that the company will Continue in business. The direclorsllrustee5 are responsibk for keeping proper accounting records which dis¢lose reasonable a[4¢Y al any tirne the financial p0SOn ol the company and lo enable them to ensure that th8 financial ststements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and delection of fraud and other irregularities. Principal Actlvity The principal object of the company continues to be lo promote, maintain. improve and advance the education Df the public in the arts and in particular the arts of drama and other audiolSu31 arts associated wlh the theatre. Organlsatlon and Constitution The company is registered as a charitsble company limited by guardnleg and was set up by a Memorandum and Articles of Association on 21st December 1983. The company is limit by guarantee and has no share capttal. The guarantees of individual members are limited lo £1. The management of the company is the responsibility of the trustees who a elected and co-opted under the temis of the Articles of Association. One third of the trustees resign at each AGM bul are eligible for lect)n by the membership. On election lo the board. trustees are inducted by the staff of the company on a one-t(ne basis and a given the following., a copy of the Memorandum Articles of Association,. the company handbook containing all written policigs and procedures,. the booklet The Responsibilty of Chanty Tnistees, published by the Charity Commission. The trustees meet to decide on general strategy. on projects that may be undertaken and on fijnding that may be sought. Day-to4ay running of the company is managed by J Pascal. The trustees have not identified any related parties other than the tnjstees Ihemsefves. Examlner Frank Lachman has agrged lo be re-aptK>illted as Independent Examiner to the ¢ompar7y. and a resolution proposing his re-appointment was submitted at the Annual General Meeting on 28th January 2024. Page 2
PASCAL THEATRE COMPANY DIRECTORS. AND TRUSTEES. REPORT (eontinu¢dP Overview The year was splil beiween adventurous outreach in the North West and nSOl1daIi0n in London. We lOud lo Blackpool and Manchester in April 2023. Juli8 Pascal's pjay. A ManclJest8r Girthood. premiered in April at The Old Electri¢ Theatre, Blackpool and the Marthgster Jew$h Museum Pascal hejd creative textile workshops. Followng the Lancashire tour, the productton ma(le its London debLrt at JW3 in May. PERFORMANCES 8LACKPOOL. MANCHESTER, LONDON A Manchester GiAhood explored the lives of three Manchest8r daughters of Romanian Jewsh immigrants as they matured from five lo 85 years of age. This tour. supporteil by thè Shoresh Charitable Trust, resulted in th& Company ac¢essing new, regional audIenS and widened our educab.onal and artistic outreach. A talented casL L8sley LightfooL Eoin O'Dubghaill, Rosie Yadid and Giselle Wolf, attracted acclaim for their perfomiances. The Old Electric and the Manchester Jewish Museum welcomed our rx)ntril)ution lo their programming. As a result of warm audience responses, we have formed strong rektionships. In January 2024, we presented a semi-staged reading of Theresa lo mark Holocaust MenrIal Day al Burgh House, Hampslead. The event sold out.. we were invited bad( in June 2024 for Refugee Week. A LARGE HERITAGE PROJECT Women for Women."19 century Bloomsbury Consolidation of our large-scale project Women for Women. funded by the National Heritage Lottery Fund, continued to offer a variety of elements to new audiences. We purchased a bench from Camden Counctl and placed it in St George's Gardens. Th¢s hOnOu Bloomsbury women who achieved so much to advance girfs and women's education. Investhlents The charity has no investments. Assets The movemert in fixed assets is shobvn in Note 7 to the accounts. Rlsk Management The company und&rtakgs periodic revIeV for different areas of risk induding insurance cov8r. health and saf6ty policies in thè workplace and whilst performing, working with vulnerAbla adults, yong Children, finaiiGial affairs, personnel Pra¢Us, ICT iechnolo9y. Also D81a prots¢lionlEqualty and DiVerstylASsrbIlty. Tho Trustees a¢knoedge that the management of risks fa¢ed by the company is a prime responsibilty. The Tnjslees are sallsfied that systems are in place to mitigate the major risks. Re$erves policy The trustees have fomiulated a policy lo ensure that suificient reseryes are retained to meet staff and Contingency costs when these arise. These reseNes are also available to enablè the wmpany lo signifinY scale down tts operations should that bè necessary. The trustees ntInUe lo take steps to ensurè that reserves are bu1 to an appropriate level. Pascal Theatre Company aims lo kèep al least three months. in reTveS.Th1S is cal(xJlated at minimum nJnning costs 0118k month. Therefore aim to have al least £54,000 reservtrs available. As at the year end the company had £58.738 Restrided Reserves and £31.573 Unrestricted ReseNes. Page 3
PASCAL THEATRE COMPANY DIRECTORS. AND TRUSTEES, REPORT {continued) Dlrectors and Trustees The movement in directorthstees 15 sel out on page 1 of these accounts. The Current difftctors al the dale of this Repx)rt are.. Or Julia Pascal Dr Leya Lsnd8iJ Annette Cort)ett Ruth Posner Professor Mary Luckhur51 Katherine Klinger Leonie Mellinger- Resigned 30th August 2023 Public Benefit Ststement The company'5 charitable objècts are set out on page 2 of this report. We are an arts organisation and we use arts professionals to engage %Mth dwse comrwnilies for public beneffts. We understand that the Creative arts are essenb'al for mental and physiczl wellbeing. Our practi is to furthar this connèction between arts and good health. The trustees have considered this matter and concluded.. 1. Th41 the aims of the ofganisation continue lo be charitable.. 2. That the aims and work done give identtfjable benefrts to the charitable sector and both indirectly and direcvy lo individuals in need", 3. That the benefits are forthe public. a not Ltnreasonabty restricted in any way and certainly not by inability lo pay, 4. That there is no detrTment or harm arising from the aims or athivilies_ The trustees have Complied with their duty in Section 17 of the Charities Act 2011 in regards to the guidelines PLJblished by the Charity Commission. Managemènt Team Our patrons are." Natalie Clein, Lord Siny)n Haskel, Barb Jungr. Kan Malik. Irenosen Okojie, Robert Rinder. Our accountants.. Frank S Lachman & Company. Going Concem The trustees are of the opinion that a going conc6m basis is appropriate in preparing Ihese acLounts. The Iruslees are of the opinion ihat the charity wll be able to continue as a going concem for at least 12 months after the dale of this report. This report has been prepared in ac¢ordance Mth the prowsk)ns in Part 15 of the Companies Act 2006 applicable to companies subject lo the small companies regime. This report was approved by the board on and signed on ils beh81f by Dr Julia Pa Director L* Page 4
PASCAL THEATRE COMPANY PASCAL THEATRE COMPANY (A Company Llmited by Guararrtee having no Share Capital) Independent Examin•V$ Report on the Accounts I report on the financial statements for the year ended 31st March 2024 which comprise the Slalement of Financial ActNtties. the Balance Sheet a1 the related notes sel out on pages 6 to 11. R•sponsibllities and basis of report As the ¢haritYs trustees of the company land ako rts diwlors for the purposes of wmpany lawl you a responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 I'the 2D06 Acl'l. Having satisfied myEeff that the accounts of th8 company are not required to be audtted under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your ¢harily's accounts as carried out under section 145 of the Charities Act 2011 {the'2011 Acl')- In caYing out my examination I havè followed the Directions given by the Charity Commission under secb.on 14SI51{b) of the 2011 Acl. Indeyndent examinerfs report I have completed my examination. I confim) that no matters have rne to my attention in e4Jnnection wth th examination giving MG Cause to believe.. accounting records were not kept in respect of the companyas required by section 386 of the 2006 Actr or the accounts do not accord with thosg accounting records.. or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act oth8r than any requiremÈnl that the accounts give a 'true and fairf view which is n(rt a matter considered as part of an indtspendent examination.. or the accounts have not been prepared in accordance with the melhods and principles of the Statement of Recommènded practice for accounting and reporling by chartbes applicable to charibes preparing their acwunls in accordance with Ihe Financial Reporting Standard applicabla in the UK and Republic of Ireland IFRS 10211. I have no concems and have come across no other matters in connection wth the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounls to be reached. Frank S Lachman FCA Member Institute of Chartered Accountants in England and Wales Chartered Accountant Independent Examiner 31 Faitview Way Edgware Middlesex HA8 8JH Dated: Page 5
PASCAL THEATRE COMPANY Statement of Financlal Activlties lincorporating an Income and Expenditure Account) For tho Y•ar Ended 31st March 2024 Restricted Funds Unrestricted Funds Totsl Funds 2024 Total Funds 2023 Notes Income from Donations and legacies 30.000 30,000 Charitable activities TheatricaVEducational projects 50.567 14.694 65,261 99.739 Total income 50.5S7 44,694 95,26 129,739 Expendlture on Charitable Actrvty Costs 51,028 37,713 88,741 117,755 Total expenditur 37.71 .75 Net In¢omelexponditure 1461 > 6,981 6,520 11.984 Reconclllatlon of funds Totsl Funds brought forward 59.199 24.592 83.791 71,807 Total Funds carried fopward The slalement of Financial Aclivities in¢iudes all gains and bsses rec¥xJnised in the year. AJI income and expenditure derive from continuing aCtiveS Page 6
PASCAL THEATRE COMPANY Balancg Sheet at 31st Mar¢h 2024 Notes 2024 2023 Fixed Assets Tanglble assets 1.590 2,120 Current Assot$ Debtors Cash at bank and in hand 850 145.521 152,671 Total Current Assets 153,521 146.371 Llablllties Credttors falling due wrthin one year 64,800 64.700 Net Current Assets 88.721 81,671 N•t Assets 90.311 83.791 The Funds of the charlty Restricted Funds 58.738 51,451 Un$1cted Funds 31,573 20,356 10 90,311 71,8Q7 For the year endèd 31 March 2024 the companyvrds enliued to exemption under section 477121 of tho Companies Act 2006. No members have required the company lo obtsin an audit of its a¢{nts for the year in question in accordan ¥Mth section 476 of tho Companies Act 2006. The directors a¢knowledge their responsibility for i. ensuring the Company keeps accounting records which comptywtth seth.on 386., and ii. preparing accounts which give a tnje and fair wew of the stats of affairs of the company as at the end of the finanal year and of its profit and loss for the finanal year in accordance the section 393, and which otherwise compty with the reqU1MentS of the Companies Act relating to ac¢ounls, so far as applicable lo the company. The accounts have been prepared in accordance wth the spla1 provisions in Part 15 applicable to companies subject to the small companies. regime under Cofftpanies Act 2006 and constitute the annual accounts required by the Companies Act 2006 and are for circL¢lation lo members of the company. and signed on their behalf by Dr Julia Pascal Page 7
PASCAL THEATRE COMPANY Not¢s to the Financial Statements For tho Year End•d 31st March 2024 ACCOUNTING POLKIES (al The financ stslernents have prepa accordance Iwih Accountin9 and RepOllg by Chartbes.. Statement of Recornrwded Pracbee applicable to Charitie5 pparing their accounts in aceA)rdanee wlh the Finanu81 Reporting Standard 8pplirMbl8 ill the UK aTrY RepJbh"¢ of Ireland IFRS 1021 leffe¢tive 1 January 20191- Icharibes SORP IFRS 10211. the FiTranuat Reporbng Stsndard appliotye in the UK and RepublK of IreLand IFRS 1021 and the Companies ALt21h)6. Pascal Theatre Company meets the d&finition of a wblic benefit entity urthr FRS 102. ssets and liabileS ar8 initY re¢ognised at histori¢al (x)st Wtransaction vafue unth otherw8 Stat8d in th8 revant accounting pow rK)telsl. Ib) Tanglble Flxed Assets D8preeiation is pFDvidod at raies to it off the eostof eath as58t over its expected useful life, as folknw5'. Office equlpment Other Èquiprnent - 33% on vnrtten ¢Ic vafue - 25% on written down value Icl Incomo Incomo is recognised when th8 tharty has enttyernent lo the fund$. any perfomiance o)nclilions att8thed to the items of intorne have been rne¢ tt Is probabfe that the inLayrE will be re¢eNed and the arrK)unt can be measured reliably. In¢ome from grants, ¥Yhelher capital or VenUe giants. is r&ognised when the charity has entitlement to the funds, any pertofmance conditK)ns attached to Ihe grdnts has been Et. it v& prObae that the Inc btrill LE receivsd and the arrK)unl Can be [raSured rdiabty and is deferred. Idl Expèndlture AJI expenditure is accounted foron an accruats t"$ 8xduthrg vakjg add ExpendTture 15 recognised on Cos15 are allocated to a ¢alegory eitherberause such costs are direcvy incurred in rÈlatson to such category, or because they aTr SUPPLYL u>sts in re5peLt of ich an apportionmgnt has been made between the otegories. Support COSts rx)nsst of infrdStrUc (x)Sts forsataries. premises. office adtnintstrati. Such costs are appo[oned on a reasonab Consistent basis lo the various categories wtth a wW to detern7iniThJ, 35 arratelY as possible. the total resources expended for eac calegrry. The basis of apw>rtionmenl u58d is erther a function of stsff lime applied to a given alty. or an Èsbmate of the proporbon of costs a$50(Aa vAlh the sam8, or 8 GoMbInati of both. Di1 and Supwt cost5 are Beparalety ty Tratural dasficalp)n in Notts 5 to these &cUnts fc each GqtÈoory of cost. (•) Toxatk+n The companyas a registered L*arity l ThJrthr 2919101 is exemptfrom taxation on most inveslrn8nt income insofaras it Is apOi&l for tharitat4e wfjM)ses. The company is also exempt from taxation on r2pital gains. lfj DebtOW5 Trade and otherdebtors reCtni%ed at setvement am(NJnt due after any trad8 dTscounl offered. Prepayments are valued at the armunt prep8KI of any trade dIsCnts due. Igl Credltors and provr5ions CrwJitors and provisons are recognised Ihe tharTty has a psent obfigatpon resulting from a past event that 11 probably resuk in the transfer of funds lo a third party and the arUnt du8 to s&ttre obligation can be rne8sur8d or éstimated reliab. CreditCM5 and 0viOn$ are rna recow1 at thett s&tut amount after albwing for any trade discount$ due. Page 8
PASCAL THEATRE COMPANY Notes to the Flnanclal Statsments For tha Year End•d 31st March 2024 2 Grants and Donatlons Restrleted Unrestrlctsd Funds Funds Restricted Unrestrl¢ted Funds Funds 2024 2023 Donated services 30.000 30,000 30.O¢XI 30.000 30.000 30,000 30.000 30.000 3 Income from Charitabl¢ Activitles Restricted Unrestrithd Funds Funds Restricted Unrestricted Funds Funds 2024 2023 Grants and donations A*ts Council Engknd Childwick Trust The National Lottery Heritage Fun Shoresh Charitable Trust The Mayor of London Sundry 1,500 26.550 5.000 52.859 1.500 00 500.00 26.550 s,000 52,859 1,500 500 2,871 49.067 49.067 3.152 3.152 2,871 Other Income Box office Theatre Tax Relref Sundry income and rgimbursements 900 10.629 13 900 10.629 13 4.757 2,1TT 3,525 4.757 2,177 3,525 50,567 14. 65.261 86,409 3,330 99.7 4 Net Income 2024 2023 Net incomelexpendituro is after charging Depreciation Examination fee 530 1,900 707 1.900 Page 9
PASCAL THEATRE COMPANY Not•s to the Flnancial Stateménts For th8 Year Ended 31st March 2024 5 Expenditure on Charitable Activities Charllable Activity Costs Restrl¢ted Charrtabl Support and Activlty Govemance Costs Costs Unrestrictèd Unrestrictad Support and Governance Costs Restrict8d Totsl 2024 Dlre¢t cost$ Donatod costs Governan¢e costs Support Costs Total 2024 51.028 51.028 30.000 2,S02 5,211 2,502 5,211 51,028 30.000 7.713 88,741 Charitable A¢tivity Cost$ Restrlcted Charitable Activity Costs Unrestricted Support and Governance Costs Unrestricted Support and Gov¢rnanc¢ Costs Restrl¢tod Total 2023 Dlrect costs Donated costs Governance costs Support Cost$ 78,661 78,661 30,000 3,332 5,762 30,000 2.982 5,762 350 Total 2023 78. 30,000 8.744 350 117.755 6 Employees The company has no employees, freeL4nce mitraclors are pakl on a project fee basis. 7 TANGIBLE FIXED ASSETS Offl¢e oquipment Total Cost Al 1st April 2023 Additions in year 25.046 25,046 2827 Al 31st March 2024 27,873 D8pre¢iation Al 1st April 2023 Chargo for the year 22,926 530 22.926 530 Al 31st March 2024 Net Book Values At 31st March 2024 1,590 4.417 At 31st March 2023 2.120 2,120 Page 10
PASCAL ThEATRE COMPANY Notes to the Flnancial Statements Forthe Year Ended 31st March 2024 Debtors 2024 2023 Trade debtors Pr8paymenls 850 850 850 850 9 Credltors falllng due withln one year 2024 2023 Other creditors Accruals 60,800 4,000 60.800 3.900 64,800 64,700 10 Recon¢lliation of movèment In Funds Balan¢e at 1 April 2023 Balance at 31 14Jarch 2024 Incom Expenditurè Restricted Funds 59,199 50,567 51,028 58,738 Unrestricted Fund 24.592 44.694 37,713 31.573 83,791 261 88,741 90,311 11 Analy$ls of Net Assets betweon Funds Tangible Flxed Assets Net Current Assèts Total 2024 Total 2023 Restricted Funds 58.738 58,738 59,199 Unrestricted Funds: 1.590 31,573 24,592 1,590 88,721 90,311 83,791 12 Trustees During the year, apart from listed below, none of the trustees received any remuneration from the trust and no expenses were reimbursed lo any of them or paid on their behalf. 13 Related Partle5 Dudng the year J Pascal, a trustee, provided support services to the charity, and this donated unpaid Ilme was in respect of drama workshops, theatricaVeduCalna1 productions, fundraising and 8dministralion. This amounted lo £30,000 Icalculated at a nominal rate of £25 hour). which has been included in donated services. Page 11