Pascal Theatre Company REPORT AND FINANCIAL STATEMENTS 31st March 2025 COMPANY REGISTRAMON NUMBER.. 1780Q68 CHARITY REGISTRAThON MUMBER 291910 Frank S Lachman 31 Falrvlew Way Edgwarn Mlddl8s•x HA8 8JE
PASCAL THEATRE COMPANY YEAR ENDED 31ST MARCH 2025 LEGAL ADMINISTRATIVE INFORMATION DIRECTORS & TRUSTEES: Dr Leya Landau Dr Julia Paxal R Posner A S Corbett Professor Mary Luckhurst Kathering Trainger COMPANY SECRETARY: A S Corbett REGISTERED OFFICE.. 35 Flaxman Court F18xrnan Terra London WCIH 9AR CHARtrY REGISTR4noN NUMBER.. 291910 COMPANY REGISTRATION NUMBER: 1780068 ACCOUNTANTS Frank S Lachrnan 31 F8irview Way Eggware Middlesex HA8 8JH BANKERS: Thè Co-operative Bank PIC 80 Cornhill London EC3V 3NJ Page 1
PASCAL THEATRE COMPANY DIRECTORS. AND TRUSTEES. REPORT Tho dirartorsltruslees present th8lr report and thè financlal 8tatem8nts for the year ended 31st March 2025. Diro¢tors' Respon$lbilities Company Law which is also applicable lo chadlable companies in Engtand and Wales requires the directors, who are also trustees of Ihe company, lo prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the resuFts of the company for that year. In preparing those financial slatemenls, the directorsltrustees are required to: select suiiable a¢¢ounting policies and then apply them Gonsistently., observ@ the methods and principles in the Charfties SORP- make judgements and eslimales that a reasonable and prudent., state whether applicable UK accountlng standards hav8 been followed, su*-8Ct lo any material departures- prepare the financial statements on the going concem basis un]8ss it is inappropriate to presume that the cDmp8tiy will conth'nue in busin8S8. The direclorsllruslees ar8 responsible for keeping proper accounting record5 which dis¢k)se with ffjasonable accuracy al any lime the financial position of the company and to enablo them to ensure that th& financial ststements comply with the Companles Act 2006. They are also responslble for safoguarding the assets of the company and hencè for taking reosonable steps for the prev8nl.on and detection of fraud and Lither irregu12rities. Prlnclpal Actlvity The principal object of the company continues lo be to promote, maintsin, improve and advance the education of the publi¢ in the arts and in p8rtieular the arts of drama and other audio-visual arts associated with the Ihealre. Organisation and Constitutlon The Company is regisl8red as a charféable ctsmpany limited by guarantee and was $8t up by a MemDrandum and Articles of Association on 21st Dember 1983. The company is limited by guarant88 and has no share eapital. The guarantees of individual m8mbers are limlted to £1. The management of th8 company is the responsibility of the trLJStee$ who are elected and co-opted under the terms of the Articles of Assoclodon. One third of the trustees resign at each AGM but a 81igible for re-election by the membership. On electSon lo the board, trusl8ès are inducted by the staff of the company on a one.Ioaon8 basis and arg given the following,. a copy of the Memoiandum and Articles of Association.. the company handbook contsiniro all WTttten policias and procedur8s,' the booklet The Rasponsibility of Chanty Trustees. published by the Charity Commission. The trustees meet to decide on general strategy, on projects that may be undertaken and on funding that may be sought. Day-to4ay running of the eompany is managed by J Pascal. The trustees have not idenlffied any related partles other than the Irusleès themselves. Exarniner Frank Lachman has agr6@d lo b& re-appointed as Independent Examiner to the company, and a resolution proposing his re-appointment was submitted al the Annual General Meeting. Page 2
PASCAL THEATRE COMPANY OIRECTORS. AND TRUSTEES. REPORT (eontlnu•d) Most of the events of 2024-2025 were part of the Lottery Heritage Funded project Womenfor Women.. 19 Centupv Bloomsbury which wa5 in its final year. There were many achievements which built on the foundations of networkin¥. We produced tth, performances and semi-slagcd readings to a wide public and increased the breadth of the websit¢. This meant an increase in visitors to our work and, as the site remains active for at least five years, promises an ongoing legacy. Our programming cunsolidated last yearfs record of building new alliances and connecting arts, academia and the community- This means that we have new contacts forfulurs collaborations. The Women for Women website devoted to Victorian women's struggle for equalty was contlnually updated and refined as il nts'nUed lo offer moffj contributions from volunleerwriters and res8archers. Sally Milit continued lo engage n8W participants to enlarge th8 reach both nationally and inl8malionally. Amtrng the many events Mthich attracted new audiences wer8 Julia Pasc21's werkshop 'Transfomiing Resaarch into Exciting Public Engag8m@nl' al the London Victorian Studies Colloquium and a series of talks al Camden Local Studles and Ar¢hives Centr8, London Archives, Senat8 House and onlin8. Talks Talks vthich shared exciting new areas of research attracle(I Individuals who were new to the Company. They mel face to face and online. This was the programme. Claire Bro¢k, Mary Ch8pman and Victoria Rga com6morated the 150th anniversary of the opening of the London School of fblediune for Women. Sue Blund811 gave a lecture called 'Collective 8motions-. Jan8 Harrison, o talk on the interplay of myth and rltual in ancient Gr8ece'. Mary Chapman spoke about 'Dr Helen Boyle.. Pione8r in mental health care for women.. Bethany Green's talk was 'Medical science in the world gf Mary Shelley.. Bayond Frankenstein, inside London, below the surface of nineteenlh-century society,. Lucy Havard told audi8nces about'Elizabelh Garret Anderson, a modem woman 100 years ah8ad of her lime (online). Briony Hud50n 8nl8rtalned the curlous wlth 'The petticoat peril.. women in phamiaty. Rosalind Janss8n rèvealed tho Ilfe of'mary BrodricK' Pione8r Eal010g1$t'. Brigitte St8nhouse exposed news about'mary Somerville.. a mathematician in Reg8n¢y London.. P8rformances As part ol Refugee Week, Julia Pascal's play The$a was given a semi-slaged r8ading 8t Burgh House, Camd8n. London with a Question-and-Answer session followtng the event. Present was Polish-ghetto-esp¢e, actor Ruth Posnerwho pèrformed the title role in the original production. The rfjading train&d 8¢lors who werè new lo the Cofflpany and provideLI continuation of radical dr8mas which axposès relu¢tanl triistories. In this case th8 text exposed ¢ollaboraUon wth the Nazas the Channel Islands and the bgtrayal Of J¢wlsh refugees seeklng safety on Brflish soil. For Holocaust Memorial Day 2025, at Burgh House, Conrad Cohen directed a semi-stag8d rèading of Julia Pascal's play A Dead Woman on HolaY which was sat in the Nuremberg Trials. A Queslion-and-Answèr session was offered to engage aUdIenS. We found 8 strong interest In the two after-show tslks suggesting that public engagamenl 1$ a wtsl MPonent ¢f our work. Page 3
S REPORT Iconllnu•dl In auttjmn 2024, as part of the Bloomsbury Festival, we staged a sile-specific performance as the final major perfomianc8 of Wom8n for Wgmen. This was Ulyssa a dance-thealre evenl specially created lo be seen in Serbale House's publiG corridor entranc8 and this enabl8d us to use its 1930s decor as a framlng davi. Written and directed by Julia Pascal, Ulyssa was deslgned by MA graduate, Anna Hayward, from the University of the Arts London. The team included London Contemporary Dance Schocil students Winnie Lange and Hollie Whittord together with members of the comrnunily. The8e were Esther Caplin, MaTrna Krywull. Czavda Redo. Elaine Thomas and Sarah Thorogood. exandra Hart was th8 Production Asslstanl and Sally Mijil proVd Ihg res8arch. Utyssa rev8aled the Ilves of Jane Ellen Harrison and Helen Tlrard, represented resp&¢lively by profe$slonal actors Jassica Claire and Anna Savva. The work gained extended audiences and neknrks within Senale HouselLondon University. 11 was the first time that a publlc performance had occurred in this venue and ils success proved that our outreach into surprising spaces was a daring but successful 8xlension. Our final performance of Ulyssa was attended by Councillor Samata Khatoon. Camden's Mayor. She spoke in public about the Importan of Ihe Companys work 2nd how much she had leamed about women's fight to gain equal education. Her words h8ighten6d our recognillon within the municipality which was appreciated. As a lasting legacy lo the project Women for Women, we purchased a bench wth a plaque in their honour which is plac8d in Sl George's Gardens, BIoDmsbury. It is lo r6mind passers-by of the women who had walked through these grounds on th&lr way to fight for education and equal rights. As the year ended, we mtsved towards the final analysis of the project th our Evaluation Officer Lesley Henderson. In April 2025. w8 completed the project Won70n for Women.. 19 Century Bloomsbury with the understanding Ihal il was hugely influential for all who participated. The hug8 smounl of woth generated ov8r the two years is recorded on Ihg web site and through images and sound. We know that il wll be inspirational for futurg generations and will lead us lo oxplore new ar8as of reseah. developmènt and p8rformanc8 with the partners we have met in 2024-2025. Julia Pascal 10 August 2025 Investmonls Th8 charity has fK) invgstments. A¥50ts The mov8m8nl in fixed assets is shown in Nota 7 to the acunts. Risk Management The cornpany undertakes periodic r8Mews for different areas of risk induding insurance cover. health and safety policies in the workplace and whilst performir)g, working with vulnerable adutts. young children. financial affairs, porsonnel practices, ICT technology. Also Dats proledonlEqualily and Div8rsitylAccessibilty. Th8 Truslegs ackn0dge that the management of risks fac by the company is a prime raswnsibTlity. The Truste8S are satisfied that systems are in place lo mitigate the major rfsks. Resorvos poll¢y The Iruslees have formulated a policy lo ensure that sufficient reserves ar8 retained lo meet staff and contingency costs when these arlse. These reserves are also available to enable the company t0 significantly scale down its operations should that be necessary. The trustees continue lo tak8 steps lo gnsure that reserves are bulll lo ari appropriat8 lÈvel. P8s¢al Theatre Cornpany aims to keep at least three months, in resorves.This is calculated at minlmum running costs 0118k monlhty. Therefore we to have at least £54,000 reserves avai18ble. Page 4
PASCAL THEATRE COMPANY DIRECTORS. AND TRUSTEES. REPORT {continued) As at the year end the company had £60,990 Fiaslricled Reserves and £35,238 Unrestricted Res8Nès. Dlrectors and Tru$toès The movement in directorsrtruslees is set out on page 1 of these a)UntS. The Current director$ at the éale of Ihls Report are: Dr Julia Pascal Dr Leya Landau Annette Corbett Ruth Posngr Profèssor Mary Luckhurst K8therine Klinger Publle Benefit Statement The ¢ompanls charitable objects are s8t out on page 2 of thls report. We are an arts organisalion and w8 use arts professionals lo engage wlh diverse mmunItieS for public benefits. We understand that the creative arts are essential for mental and physical w8llbeing. Our practice is lo further this connection beern arts and good health. The trustees have consider8d this matter and ¢oncluded.' 1. That the aims of tha org8ni5ation continu@ to be charitablg.. 2. That the aims and Work done giv8 identifiable nefItS lo the charitable seclDr and both indirectly and directty to Sndividuals in need., 3. That the benefits are for the public. are not unreasonably restricted in any and certainly n¢1 by inability to pay, 4. That thère is no detriment or hanm arising from the aims or activities. The tnjstees have corylied with their duty in Section 17 of the Chariti8s Act 2011 in regards to the guldelines published by the Charity Commissitin. Management Toam Our patrons are.. Natslie Clein, Lord Simon Haskal, Barb Jungr. Kenan Malik, Irenosen Okojiè, Robert Rinder. Our aco)untants'. Frank S Lachman & Company. Going Concem Th8 tnjstees are of the gpinion that a going concem basi8 is appropriat8 in preparing these accounts, The Irustees are of the oplnlon that th8 charty wll be able to continue as a going concern for at least 12 months after the date of this report. This report ha5 been prepared in accordance wlh the provisions in Part 15 of the Companies Act 2006 applicable to ompanies subject lo the small companies regime. This report was approvad by the board on etb( and sign8d on its behalf by Dr Julla Pascai Director Pag8 5
PASCAL THEATRE COMPANY PASCAL THEATRE COMPANY IA Cornpany Limited by Guarantèe havlng no Share Capltal) Ind•pendent Examlner's Rgport on th8 Aecounts I report on the finanrAal statements for the year ènded 31 st March 2025 which comprise the S¢al$ment of Financial Activities, the Balance Sheet and the relalod notes sel out on pages 7 10 12. Re5ponsibllltles and basis ot report As the charit¥s Iruste8s of the company land also its dire¢lor5 for the purposes of company law) you are responsible for the preparation of the accounts In ac¢ordanc8 with the requiremsnts of the Companies Act 201 I'the 2006 Act,). HavirvJ salisfiéd mysew that the accounts of the company are not required to be audited undar Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination ol your charit5 accounts as carried out under section 145 of the Charities Act 2011 (the '2011 Act'l. In carrying Out rny examination I have follow8d the Directions given bythe Charlty Commlssion under section 145{5llbl of the 2011 Act. Indepondont examinevs report I have completed my oxaminalion. I confirm that no matters have m lo my att8ntion in ¢onneGtion th the examination giving me cause lo beligve.. 8ccounling r8cords were not kept in respect of the company as required by section 386 of tha 2006 A¢t', or the ac¢ounts do not accord with those aceounling records,. or the accounts do not compty with the ac)UntIng requirefflenls of seclhjn 396 of the 2006 Act olhar Ih8n any requirement that the ac¢ount8 give a'true and fair, view which is not a rnatter considered as part of an independent examination., or the accounts have not been prepared in accordance with the methods and principles of th8 Stslemenl of R8commended practice for account'ng and reporting by charities applicable to charities preparing their accounts in accrKdance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 10211. I have concerns and have c(Nne across no other m8tters in connection with th8 examination lo which attention should be drawn in this report In order lo enable a proper understanding of the accounts lo be reached. Frank S Lachman FCA Member Institute of Charter&1 A¢countants in England and WaS Chartered Accountant Indèpendent Examiner 31 Fairview Way Edgware Middlèsex HA8 8JH Dated.. Page 6
PASCAL THEATRE COMPANY Statement ot Flnancial Activitifj$ Iln¢orporating an Ineom• and Exponditure A¢counti For the Yaar Ended 31st March 2025 Restrictod Unrestrlctgd Funds Funds Total R•$tri¢ted Inrgstriei Funds Fund$ Funds 2025 Total Funds 2024 Notes Income from Donaliorks and legaGies 30,000 30,000 30,QOO 30,000 Charltabla activltlos TheatricaVEducatlonal projects 38,774 5,452 44,226 50,567 14,694 65.261 T•)tal Incomg 38,T14 35.452 74,226 50,567 44,694 95,281 Expendlturo on Charitable Activity Costs 36,522 31,787 68.309 51,028 37,713 88.741 Total exponditure 36.522 31,787 68,309 51,028 37,713 88,741 Net incomelgxpondlturn 2,252 3,665 5.917 1461) 6,981 6.520 RKon¢iliatlon of funds Total Funds brought forward 58,738 31,573 90.311 59,199 24.592 83.791 Total Funds carriad fOard 10 60,990 35,238 96,228 58,738 31.573 90,311 The ststement of Financial Activities Includes all gBins and losses regnised in the year. All income and expenditure derivè from continuing actfvllies Pag8 7
PASCAL THEATRE COMPANY Balancè Shogt at 31st March 2025 Notes 2025 2024 Fixed Assets Tangible assets 1,060 1,590 Curront Assets Debtors Cash at bank and in har 850 152,671 156,255 Tolal Curronl Assets 156,255 153,521 Llabilities Creditors fal9 due wilhln one year 61,087 64,800 Net Curr•nt Ass¢ts 95,168 88,721 Net Assets 96.228 90,311 The Funds of the charSty Rèstricted Funds 60,990 58,738 Unrestricted Funds 35,238 31,573 10 96,228 90.311 For tha year ended 31 March 2Q25 the company was entiued 10 8X8mplion under sedion 47712} of tha Companias Act 2[}6. No members have required the cL)mpany to obtain an audit of its accounts for th8 year in quesllon in accordanc& with section 476 of the Companies Act 20Q6. The directors acknowledge their responsibilty for. i. ensuring the company keeps accounting records vthich compty with section 386,. and it. preparlThJ accounts which give a true and fair vlew of tho slate of affairs of the company as at the end of the financAal year and of its profrt and loss for the financial year in accordance with the section 393, and which olhemse comply with the requirements of the Companies Act relating to accounts, so far as appll¢able to the company. The accounts have been prepared in accordance wth the speclal provisions in Part 15 applicabl8 to companies Subject to th8 sall companies. ragime under Companies Act 2006 arvj constitute the annual accounts required by the Companies Act 2006 and are for circUtIon to members of thè Company. Approved by the directors o and slgned on their b@ha by Dr Julia Pascal P?gg 8
PASCAL THEATRE COMPANY Note$ to tho F5n8ncial Statomants For the Yèar Endad 31st Mdr¢h 2025 ACCOUNTING POLICIES lal The flnancial 8talÉments h8Vg tFn Prepared In aeccrdan¢g w(h Aco)unting and Reporfng by Cherities: stat8ment of Recommended Practice applicable to charities pparing their accounts in 8ccordance %ith the Financial Reporting Standwd appllcabk In the UK and Republic of Irdand IFRS 1021 (effective 1 January 20221- Icharftles SORP IFRS 10211, the Fin3naal R¢poffjng Standard applicable In the UK 8nd Republ of Ind IFRS 1021 and the Companies A¢t 2006. Pascal Theatre Company rnegts the definllon of a bÈn£fil enuty under FRS 102. Assets and babilthes are inits'ally racognised at hithrical cost or transaction valu$ unless otherwsfy stated in Ihe rd8vant accounting polw notel81. Ibl Tangibla Flxed Ass• Dep1bO is provided al rates ¢akulal8d to write off the Ix5t of each asset Over its expetEd uful lrfe, as follows.. Offlcg equiprnent Other equipm8nl - 33% on writtgn down valu8 - 25.kn on written down value l¢} In¢omg Income 1$ rewgnis8d when th8 charlty has 8nbtl8mgnt to the funfts, any performan¢0 condltion5 attached io tho itgr(K8 ef income have been mel, it 18 probable that th8 incoTh£ wll be recelved and the atnount Can be m&asured r81iabty. In¢om6 from grants. vth8ther ¢apital or rv£llue grants, Is recognised when the chartty has entilèrnt to th8 funds. any performan condiOnS attached to the grants has been rntt, f( is probable Ih8t the Income will be r1Ve ond the amouvt can nasur8d reliably and is not defvrred. Id} Expendliuro All expenditura 1$ ?¢COfJnt8d for on an accruals basis. Expendfjture is recogni5ed orKe there is a 81 or Constructive Costs are 8lk]c8led to a Category either because Such costs ar& ldty incurred in relation to such category. or becausa Ihey ar8 SUPPOrt Wsts in re$pÈct of whith an apportionment ha5 b88n mad¢ bety¥8en the cat6gorle$. Support costs cortsSst ol infra8twctura costs frjr 5a18rles, prgmlses, offlce adinlni51ralion. Such costs are apportion on a reasonable and consistanl basis to th& varlous calegoriEs th a vi8W to determining, as a¢cur8lely as pD55ibb. the totsl r&8ourc88 expended lor oa¢ category. The basi5 of appDrtrDnmenl used 1$ 81th8r a functs'on of stsff tiFne applied to a glven activlty. or an estim8te olthe prowrtion of costs a$so¢iated wlh tre sam8. or a ¢ornbinatipn of both. Direcl and supp¢ costs are separalety shown by naturdl classffi¢ation in Nolg 5 to thes8 a¢¢ounts for each category of cost. lel Taxatlon The company a5 a wistared eharity I numbBr 29191011$ 8x&mpt frotn taxation on most investrnent income insofar as it is appli8d forcharitable purposes. The company is also exgmpl froffl laxatlan on capital 9alns. {fj Debtor$ Trade and other d8btors are recognised at tho setuernent amounE due 8fter anytrade discount offer8d. Prepayrnents are valued at thg amount prepaid net of any trade discounts due. {gl creditors and provislon$ Creditors and provislons are recognised whefft th6 charlly ha5 a present obligation resulbng from a past 8V8nt Ihat 11 probably resujl in the transferof funcf5 to a third party and the arnwnl due to Settlo fh8 obligation can b& rr*asU or estimatéd rdiably. Creditor5 and provisions are nom)ally recognise(l at their sett1 amouni aftersllowyng ft>r any trade di8covnt5 due. Page 9
PASCAL THEATRE COMPANY Not88 to the Flnanclal Stataments For the Year Endgd 31st March 2025 2 Grants and Donations Re$tri¢ted Unrestrietod Funds Funds Restrlctèd Unro$trl¢ted Funds Funds 2025 2024 Don?ted semces 30,000 30.000 30,000 30,000 30.000 30,000 30.000 30,000 3 In¢om• from Charitable Activitles Restricted Unrestrl¢tod Fund$ Fund$ Restricted Unrestricted Funds Funds 2025 2024 Grants and donatlons Arts Council EnglaThJ Childwick Trust Thè Nab'onal Lottary Heritage Fund Donations Sundry 1,500 1,500 38,774 38.774 3,000 49,067 49,067 3,000 3,152 3,152 otharlncome Box office Theatre Tax R81ief Sundry income and reimbursements 833 1.619 833 1.619 900 10.629 13 900 10,629 13 38.774 5,452 50,567 14.694 65.261 4 Net Income 2025 2024 Net incomelexpénditure is after charging Depreciation Examination fee 530 1.900 530 1,900 Page 10
PASCAL THEATRE COMPANY Notes to thg Flnanclal Statom6nts For the Year Ended 31st March 2025 5 Expendlturo on Charltabl• Activities Charltable A¢tivity Co$t$ R•striGted Charttable ACVItY Costs Unrestricted Support and Governan¢o Costs Unrestrictsd Support and Govemance Co$ts Restricted Total 2025 Dlract costs Donated costs GovgmanGe costs Support Costs 29,574 1.211 30,785 30,000 2.431 5.093 30,000 531 45 1,900 5,048 Total 2025 36,522 1,211 30.576 68,309 Charltable Activity Costs Restrfcted Charitable A¢tivity Costs Unrestrictsd Support and Govèrnance Costs Unrestricted Support and Govemance Costs Re$trl¢tod Total 2024 Dlrect costs Donated costs Govemance costs Support Costs 51,028 51,028 30,000 2,502 5.211 30.000 2.502 5,211 Total 2024 51,028 30,000 7,713 88.741 6 Employees The cKJmpany has no employees. freelance contractors are paid on a projocl fee basis. 7 TANGIBLE FIXED ASSETS Offlce 9qulpment Total Cost Al 1 st April 2024 Addits'ons in year 25.046 25,046 Al 31st MarGh 2025 25,046 25,046 Depreciation At 1st April 2024 Charge for the year 23,456 530 23,456 530 Al 31st March 2025 23.986 23,986 Net Book Valugs At 31 $1 March 2025 1,060 1,060 Al 31st March 2024 1.590 1.590 Page11
PASCAL THEATRE COMPANY Notos to the Flnanelal Statements For thè Year Ended 31st March 2025 Dgbtors 2025 2024 Trade d8btors Pr8payments 850 850 9 Creditors falllng due wlthin on• year 2025 2024 Other creditors Acctuals 59,187 1.900 60,800 4.000 61,087 64,800 10 Reconciliation of movement Fn Funds Balance at 1 April 2024 Balance at 31 March 2025 Incom• Expendlture Reslricled Funds 58,738 38,774 36,522 60,990 Unrèstricted Fund< 31,573 35.452 31,787 35,238 90,311 74.226 68,309 96,228 11 Analysls of Net Assets betw•en Funds Tanglbl? Flxed Assets Net Current A5$ets Total 2025 Total 2024 Reslricled Funds 60,990 60,990 68,738 Unreslricled Funds- 1,060 34,178 35,238 31,573 1,060 95,168 96,228 90,311 12 Trustees During the year. apart from listed below, none of the trustees received any remuneration from the trust and no expens95 were reimbursed lo any of Ih8m or paid on their behalr. 13 Related Portles During the year J Pascal. a tnjstee, prowded support services to the charity. and thi5 donated unpaid lime was in respect of drama workshops, Ihealricalleducational productions, fundraising and adminlslration. This amounted to £30.1)00 (calculated at a nominal rale of £25 par hour), which has been includeé In donated services. Page 12