JAMES MENZIES-KrrcHIN MEMORIAL TRUST ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2020 Registered charity number 295080
JAMES MENZIES-KITCHIN MEMORIAL TRUST Adrninistrative Detsils Registered Charity Nurnber 295080 Principal address Tatton Farni Cottage Newix)Id-onStour Stratford-upon-Avon Watwickshire CV37 8UB Trustees Justin Audibert Stephen Fewell {Chair} Robert Gill (Secretary) Christopher Haydon Cordelia O'Neill Luoy Popescu Ben P¢)wer {Stepped down 1 November 20201 Mark Rosenb11 (WI Chairl Patrons Baroness Howe Sir lan McKellen Dame Judi Dèn¢h Clare Menzies-Kit¢hin MBE Tom Morris OBE Bankers HSBC 13 Chapel Slreet Strarford upon Avon Warwickshi CV37 6ET CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
JAMES MENZIES-KITCHIN MEMORIAL TRUST Rèport of the Trustses for the yèar Ènd 30 Sèpt•mb•r 2020 Governing Docurnent The James Menzies-Kitchin Memorial Trust. known as the JMK Trust, is a registered charity govemed by trust deed dated 20th August 1986. Obj¢tive$ and Poli¢ie$ The Tnjst faciliiates young and emerging theatre directors in developing and siaging their work, providing professional support and mentorship. Each year Ihe JMK Trust provides talented directors with awards and bursaries, guidance and development opportuntties. We present the annual James Menzies-Kitchin Young Directorfs Award (The JMK Award) lo one outstsnding Candate. Since 1997 the JMK Trust has nurtured and discovered a new generation of exciting, visionary young directors whose work and Influen can be seen throughout the British theatre industry. Achievements and Performance In developing the objectives lor the year. and in planning activities, the Tnjstees have considered the Charity Cornmission's general guidance on public benefit. During this most Challenging of years with the national lockdown due to COVID19. the Trustees took the decision to furlough the Trust's onè member of staff for part of the year, with the Chair and freelance Director Practitioners working to ensure thal the work of ihe Trusl could continue during this period. We were particularly grateful for a significant donation trom Sir lan McKellen during this financial year, which helped lo ensure the survival of the organisalion. In order to manage the challenges (eated by the pandemic and a national lockdown the Trustees began monthly online Trustee meetings inslead of quarierly in-person ones. This proved vital in keeping everyone informed and ensuring strategic decisions could be made efficientty. The JMK Award is the single most sought-after prize for outstsnding young theatre directors. Great directors acknowledge that you leam to direct by directing- but opw)rtunities to do so are extremely scarce. Th• JMK Award allows participants lo do exactly that. For many, winning this award is the breakihrough moment in their directing career. Taking part in the TnJst's unv4Lbe selection process has itself given a powerful impetus to the best theat pra¢tib"oners of the ftjture. Tristan Fynn-Aiduenu was the winner of the JMK Award 2019 and his produclion of Little Baby Jesus by Arinze Kene was produced by the Orange Tree Theatre with four weeks of performances from 18th October 2019. The production was designed by Tara Usher and was very well received consistently attracting 5 star reviews. 11 has since been nominated for three Off West End Awards for Performance Ensemble (Anyebe Godwin, Rachel Nwokoro and Khal Shawl, Director (Tristin Fynn-Aiduenul and Sound Design (Nicola Changl. Actor Rachel Nwokoro won the Stage Debut Award 2020 for Best Perfomier in a play. Runner5-up Oscar Toeman wth de5igrher Rebecca Brower had ttrEir producb.on of The Sugar Syndrome by Lucy Pr8bblé produced by the Orange Tree in January 2020. This ttK> was nominated for Off West End Awards- Best Leading Perfomiance {Jessi(2 Rhodes) and Best Supporting Performan (Ali Barouti, Alexandra Gilbreath & John Hollingworthl and Jessica Rhodes was nominated for the Stage Debut Awards 2020 for Best Performer in a play. In Dember 2019 we bègan thè JMK Award 2020 sèlection pro$. wth a view to the winning production being at the Orange Tree Theatre in aulumn 2020. In January 2020 we received 157 appliGations for the first round. Due to COVID19 and the first lockdown a decision was taken to delay thè second stsge of the Award process by a month to allow the longlisted applicants more time given the unprecedented circumstances and the panèl selected 8 finalists at an onlinè meeting in May 2020. These finalisls were Emily AtK)ud, Emerald Crankson, Mati Harrison, Ed Madden, Rafaella Marcus, Katherine Nesbitt, Becky Hope-Palmer and Diane Page. Due to Ihe lockdown and the ¢losure of our host venue the Orange Tree Theatre we put the selecb.on process for the Award on hold until wa knew we were able to go ahead again in May 2021.
JAMES MENZIES-KITCHIN MEMORIAL TRUST Rèport of thè Trustèès for thè year ended 30 Sèpt•mbèr 2020 Icontinuedl National Programme In this period. the National Programme. funded by the Arts Council Grants for the Arts, the Andrew Lloyd Webber Foundation and the Hollick Family Foundab"on continued to develop. Beeen the October 2019 and March 2020 we delivered 37 in-person worf(shops hosted by our partner theatres to 401 participants. These included workshops led by David Loumgair of COMMON aimed at working class directors, on the relationship belween writers and directors whilst working on new plays led by James Grieve and atK>Ut storytelling led by JMK Award wnner Tristan Fynn-Aiduenu. With lododown and the ch)sure of our partner thealres OUT face40-face programme of work was no longer able to go ahead, so we decAded to adapl and innovate wf(h mKSpaCe'. a platform of online workshops on Zoom. These workshops meant that we could maintain our support for directors around the country, as well as offer paid opportunities to established freelance creatives who found themselves without work. Between the beginning of May and end of September 2020 we delivered 28 online Workshops to 950 participants. This initiative proved highly successful. altracting new pacipants to our wot* as well as maintaining contact with those who regularly attend at our partner theatres. Worfoshops included those led by Nancy Medina, Jake Orr, Lyndsey Tumer, Rebecca Frecknall and Ned Bennett. Thè mailing list and règular newsletters 8long wrth so¢ial media became vital for sharing our opportunities during this challenging peri. We were delighted to receive a grant from The Victoria Wood Foundatw)n to support 40 new assistant diréctor butsaries at the Royal Exchange Theatre Manthester and Northem Stage. Due to the pandemic we warè un8ble to go ahead wth these as planned in this financial yèar. Financial Review The Trustees present the accounts for the year ending 30 September 2020. Inrne and expendf(ure for the period was greater than £25.000 and the accounts have therefore undergone independent exarnin8tion in accordance with the requirements of the Charities Commission. Total receipts for the period amounted to £108.36012018119 £69.6941 against payments of £75,220 {2018119 £103.9961. The Trust will cary forward £34.477 at the end of Ihis period of which £10,476 is restricted funding. This restricted funding represents the remainder of that received for the National Programme for activity in 2020 including the grant from the Golsoncott Foundab"on. the Victoria Wood grant and the remaining donabon from Bob Cartton'5 family for the next bursary in his memory. Our Fundraising and Marketing Administrator Katherine Rigg left in January 2020 after two and a half years in post and a decision was made to delay appointing a replacement until the financial situation was more secure. Then. when it was not possible to claim furtough for a new member of staff, this was postponed Indefinttely. We are very grateful lo Katherine for all her work for the Trust. Ras8rves Policy The Trust relies on the generous support of granl funders and donors in order to deliver its work. Given the unGertain nature of such funding in the k>ng terTn. and signtficant increases this year in the Gomp8tition for suoh funding and extended application processes. it 15 the renewed policy of the Tru5te8s that sufficient unrestricted funds Shou be maintsined. Industry standard across the sector is a reserve equivalent to three months operational costs £8,800. The trx)ard would like to achieve this in the short temi, with a longer temi goal of achieving a reserve fund at a Ve1 equivalent to the cosls of administering and making the main Award for one year. 8pproxirnately £60.000.
JAMES MENZIES-KITCHIN MEMORIAL TRUST Rèport of th Trustèès for thè yèar ènded 30 Septembèr 2020 Icontinuedl During this period there was a focus on being ab to ensure the future viability of the organisation along with some focused fundraising to Trusts and Foundations which brought in new funding for the work in the next financial year. In determining the Trust's reserves policy, the Trustees have had regard to the Charity Commission's Guidance "Charities, Reserves" ICC191. The Trustees regularty review the current finances and future finan¢ial trends of the Trust and as part of this pro¢ess will review its level of reserves and reserves poli¢y annually. Future Developments In 2020121 we continued the online #JmKSp8 workshops whilst il was not possible lo deliver them in person due to venues remaining closed. This work has continued to be popular and well attended with highly positive engagement and feedback from parbapants. In May 2021 we were ab to resume the selection process for the JMK Award. with adjustments made as neGesSary to maintsin the safety of those tsking part. We We able to select Diane Page as the winner of the nexi JMK Award with her prorx)sal f(y Statements After an Anpst Under the Immorality Act by Athol Fugard. Diane will work with designer Niall McKeever, sound designer Esther Ajayi and Lighting Designer Rajiv Pattani, on her production which will be staged at the Orange Tree Theatre from 28th August to 2nd October 2021. The runners-up were director Rafaella Marcus with her designer Anna Reid and their proposed production of Peggy PN¢kett Sees the Face of G(Kl by Roland S¢himmelpfennig. They were awarded a runner-up prize of £1.000 each. We are appoinb.ng two new bursary recipients in Juty 2021. funded by the Victoria Wo(xl Foundab"on grant. One re¢ipient will be an Asso¢iate Dire¢tor on the Christmas producb.on The Sor¢erers ApPtICe at Northern Stage, directed by Maria Crocker, who was herself our first bursary recipient at Northem Stage in 2014 and is one of the Director Practilioners w) run our Naiional Programme. The other will assist Roy Aexander Weise on his productn of The Mountainlop by Katori Hall at Manchester Royal Exchange. Roy won the JMK Award in 2016 and is now joint Artistic Director of the Royal Exchange. The Trust will continue to woth on organisational devekJpnnt including reviewing the structure of the organisation and working to increase ils fundraising capabilities and profile. In the finanaal year 2020-21 we have received grants from the Thistle Trust, The Katie Bradford Arts Trust, The Martin Bowley Charitable Trust. The Noel Coward Fourhdation. The Chapman Trust. Didymus. The Unity Theatre Trust and The Scops Arts Trusl. We were also received a Cuttural Recovery Grant from Arts Council England. We ran a su¢¢essftJl Big Give Christmas Challenge fundraising campaign and are grateful to all those who have supported the Trust through this drficutt pericmj. Stephen Fewell Chair Date= 20.07.2021
Independent Examiner's Report to the trustees of James Menzies-Kitchin Memorial Trust I report on the accounts of the Tnjst for the year ended 30 September 2020, which are set out on pages 7 to This report is made to the Tnjstees, as a bcKJy, in accordance with the tems of my engagement. My work has been undertaken so that I might carry out an Independenl Examinalion of Ihe financial statements in accordance with the General Directions given by the Charity Commissioners. To the fullest extent permitted by law. I do not accept or assume responsibilty to anyone other than the Charity and the Charity s Trustees as a body for my work or for this report. RESPONSIBILITIES AND BASIS OF REPORT The Chartty's Trustees are reswnsible for the preparation of the accounts in accordan with the reqU1ments of the Charities A¢t 2011 1.the A¢tl. The Charity's Tmstees ¢onsider that an audit is not required for this year (under Section 144121 of Ihe Charities Act 20111 and that an Independent Examination is required. I report in respect of my examination of the Trust's ac¢ounts carried otrt under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Acl. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination. I confimi that no material maiters have come to my attention in connection with the eXamInat)n giving me cause to beIve ihat in any material respect.. 111 accounting records were not kept in Spect of Ihe Twsl as required by sectKJn 130 of the Act,. or {2} the accounis do nol accord wilh those records,. c {21 the 8ccounts do not comply with the applicab requirements concerning the form and conlenl of accoLJnts set out in the Charities {Accounts and Reports) Regulations 2008 other than any reqLJirement that the accounis give a 'true and fair view, which is not a matter considered as part of an independent examination. I have no ¢on¢em$ and have come auoss no other matters in ¢onne¢tion with the examination to whi¢h attention should be drawn in this rep¢J1 in order to enable a proper understanding of the accounts to be reached. Richard Billinghurst FCA Knox Cropper, Chartered Accountants 819 Well Court London EC4M 9DN Dale.. 2710712021
JAMES MENzlESlTCH1N MEMORIAL TRUST Draft Financial Stalements lor the year ended 30 September 2020 Receipts & Payments Account 1 October 2019 - 30 September 2020 Unrestrirted Dasignated Restricted Total Funds Funds Funds Funds 2018119 Totsl Funds RECEIPTS Grants and donations (note 2) 59,157 40,500 99,657 68,133 Income Tax recovered on donations 1,518 1,518 621 Income from productions 6,074 6,074 Contribulion ftom regional venues Bank interest received 1,100 1,100 900 40 Total receipts 66.760 41,600 108,360 69.694 PAYMENTS JMK Award and NatAonal Programme Winner's bursary 10,000 11.000 14,000 Runner-up awards 8 finalists. workshops Winning production Trustee night National Programme Assistant Diréctor Bursaries 2.000 2.000 214 214 22,683 22,683 16,912 19,775 Award announcement 810 Selection process expenses 317 317 3,700 55.197 3.531 32,683 36,214 AdminAStr8tion & FundraASAng Administrative expenses Insurance 2,683 624 2,683 624 2,796 68 Independent Examination Staff costs 2,280 29,941 2.940 538 39,006 2,280 29,941 2.940 538 39,006 2,130 38,379 3.920 1,506 48,799 Publi¢ latIonS & marketing Fundraising expenses Total payments Net surpluslldeficitl for the year 42,537 24,223 32,683 8,917 75,220 103,996 33,140 {34.3021 Bank balances broughl forward 12221 1,559 1,337 35,639 Transfers bètween funds Bank balan¢e5 carried forward £24.001 £10.476 £34,477 £1,337
JAMES MENZIES4(ITCHIN MEMORIAL TRUST Financial Siatements for Lhe year ended 30 September 2020 ststement of Asset$ & Liabilities Unrestricled Designated Restricted Funds Funds Funds 2020 2019 Cash at bank - Deposit aco)unl 10.187 10,476 20,663 153 - Current accounts 13.814 24.001 13,814 £34,477 1,184 £1,337 £10,476 Other monetary assets: Income lax recoverab on donations 559 559 1516 Insurance prepaid Contribution from regional venues 950 Bursaries paid in advan¢e £559 £SS9 Llabllltl$s: Regional bursaries 2017 runners up award.. Nathan Crossan-smith 1.LNJO 1,000 1,000 2015 runners up award.. Emily Lim 2012 runners up award.. SiwwK>n Pollard Kale Morley PR ex Gammie PR 2.(K)O 2,000 2,000 2,000 2,000 2,000 1,980 £3.000 £2.000 £5,000 £6,980 1. Grants & donations FunderlDonor Purpose 2019120 2018119 Levérhulme Trust Arts Scholarships Fund Regional Bursaries The Victoria Wood Foundation Regional Bursaries Arts CoLJncil England - G4A National Programme Andrew Lloyd Webber Foundation National Programme The Hollick Family Foundation National Programme The Golsoncott Foundation Nabonal Programme Donation from Bob Cadton's family Regional Bursaries The Backstage Trust JMK Award The Martin Bovley Charrtable Trust JMK Award Directors Charitablé Foundab"on JMK Award Leche Trust JMK Award Fidelio Tnjst JMK Award 22,365 6,000 13,500 5,000 5,000 1,000 1,500 5,000 4,250 6,000 4,000 4,000 2,500 1,500 1,500 Restricted fund receipts 40,500 42.615
Oihar incom• Arts Council England- Calalysl Big Give dongbons Sir lan McKellen Friends scheme regular donations One-off donations HMRC Furbugh grant Match frjnding 8,917 9,461 2.844 40,000 3,185 921 6,134 59.157 £99,657 3,870 9,343 25,518 £68.133 Total grants & donations