_**Company number: 2062208 Charity number: 295613**_
**The Grand Union Music Theatre Limited (A Charity Company Limited by Guarantee, company number 2062208) Financial Statements and Trustees' Report for the year ended 31 March 2025**
AT **The Grand Union Music Theatre Limited**
**(A Charity Company Limited by Guarantee, company number 2062208)**
**Index to the Financial Statements for the year ended 31 March 2025**
||**Page**|
|---|---|
|**Index to the Financial Statements**|**2**|
|**Charitable company Information**|**3**|
|**Trustees' Report**|**4 - 6**|
|**Statement of Trustees' Responsibilities**|**7**|
|**Independent Examiner's Report**|**8**|
|**Statement of Financial Activities**|**9**|
|**Statement of Financial Position**|**10**|
|**Statement of Cash Flows**|**11**|
|**Accounting Policies**|**12 - 13**|
|**Notes to the Accounts**|**14 - 17**|
Page 2
**(A Charity Company Limited by Guarantee, company number 2062208)**
## AT **The Grand Union Music Theatre Limited**
## **Charitable company Information**
## **for the year ended 31 March 2025**
|**Status:**|The Grand Union Music Theatre|Limited is a company limited by guarantee and a|
|---|---|---|
||registered charity governed by its memorandum and articles of association. The directors||
||of the company are its trustees for the purposes of charity law and throughout this report||
||are collectively referred to as the trustees.||
|**Charity name:**|The Grand Union Music Theatre|Limited|
|**Other operating names:**|Grand Union||
||Grand Union Band||
||Grand Union Orchestra||
|**Company registration number:**|2062208||
||(England & Wales)||
|**Charity registration number:**|295613||
|**Registered office:**|International House 10 Beaufort|Court|
||Admirals Way||
||London E14 9XL||
|**Trustees who held office**|Gerald Hunt|- Appointed 15 May 2025|
|**during the year:**|Sayara Beg||
||Adam Sutcliffe||
||Anna Opochinskaya|- Appointed 18 December 2024|
||Marc Williams|- Appointed 14 January 2025|
||Joshua Brandler|- Appointed 5 November 2024|
||Antonia Benedek|- Resigned 4 December 2024|
||Habib Rahman|- Resigned 4 December 2024|
||Daniel Olabode|- Appointed 1 November 2024|
||Basia Talago-Jones|- Appointed 1 November 2024|
|**Secretary:**|Jane Deppa||
|**Independent Examiner:**|**Anthony Armstrong FCA**||
||**Armstrong & Co**||
||_Chartered Accountants & Statutory Auditor_||
||4a Printing House Yard||
||Hackney Road||
||London E2 7PR||
|**Solicitors:**|**Townleys Solicitors**||
||Dalby House||
||396-398 City Road||
||London EC1V 2QA||
|**Bankers:**|**Natwest Bank Plc**||
||134 Aldersgate Street||
||London EC1A 4LD||
Page 3
**(A Charity Company Limited by Guarantee, company number 2062208)**
## AT **The Grand Union Music Theatre Limited**
## **Trustees' Report, incorporating the Directors' Report**
## **for the year ended 31 March 2025**
The Board of Trustees (who are also directors of the charity for the purposes of the Companies Act) submits their annual report and financial statement for the year ended 31 March 2025.
The Trustees confirm that the Annual Report and Financial Statements of the charity comply with current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (Charities SORP FRS102) "Accounting and Reporting by Charities" issued in 2014.
## **Trustees induction and ongoing training**
We were devastated by the loss of our Founder and Composer Tony Haynes in September 2024. Tony’s vision and imagination had been at the core of Grand Union for over 40 years, and we are deeply grateful for the huge legacy of intercultural music and songs he dedicated his working life to.
## **Mission**
Grand Union inevitably went through some big changes in this financial year, the ethos of the Company remained strong and we were able to deliver a varied programme, led by a new team. This included 12 performances and 20 workshop sessions, and 2 new products.
## **Performances**
We were delighted to be able to demonstrate the amazing variety of musical tradition in our local area with local open air events in Hoxton Gardens, Chrisp Street, and a Solstice celebration with the Boundary Tenants Association. Our aim was to encourage more residents to take part in arts and culture activities for the first time. An intergenerational band also travelled to Southampton to delight audiences at the South Asian Mela festival. These were all great opportunities for aspiring young artists from Bangladesh, India, Sri Lanka, Nigeria and Angola to work with other professional artists and local community musicians.
A leadership opportunity was welcomed in a performance for the Royal College of Music to accompany their ‘Women in Sufi Music’ exhibition. Our young sitar player took the lead on this work, booking musicians, liaising with the venue, and promoting it. We really welcomed this chances to show what a career as a musician involves in a real life situation.
Our emerging artists have run monthly jam sessions at Poplar Union to attract new musicians and audiences. A particular highlight was a performance for Black History Month which told powerful stories by global musicians representing North & Central Africa, and the Caribbean and Latin America. Feedback from the audience told us that they were introduced to genres they had never come across before, and admired how instinctually the young artists demonstrated intercultural work by the very nature of the work.
The ensemble are working on a new album which will be beneficial in attracting new press and radio interest for the band and showcasing high quality cross-cultural music. The process of recording, editing and producing this product is also valuable in teaching new skills in studio techniques. Over this year, our new diverse young workforce has grown in confidence and potential to exemplify cultural unity through music making.
## **Workshops**
We were asked to take part in an extensive project with Tower Hamlets Arts and Music Education Service which allowed us to encourage players of more unusual instruments, and give young people a voice in what cultures and histories they want to explore. Young disabled and non-disabled musicians from Soundbox were integrated into the project, and the final performance at Shoreditch Town Hall was a true demonstration of unity through music making.
Having led a good percentage of the workshops for this project, and helped with running a project at the Ragged School in March 2024, our young artists had the confidence to take key roles in other schools projects in Fulham, and with Hackney Music Services. We were happy to reconnect with Sawston College in Cambridge for a day of cross-cultural workshops featuring South Asian, Chinese, Latin-American and Caribbean music.
Page 4
**(A Charity Company Limited by Guarantee, company number 2062208)**
## AT **The Grand Union Music Theatre Limited**
## **Trustees' Report, incorporating the Directors' Report**
## **for the year ended 31 March 2025**
## **New Work**
On 30 June 2024 we presented a brand new performance entitled ‘A Long and Narrow Road’, in order to engage members of the Turkish community and promote local cultures and heritage. Our musicians worked alongside musicians from the Hasret school and with Kurdish dancers, and our younger artists were able to take leadership roles in organising, marketing and introducing the performance.
We also trialled a different model of working when our new team of young Directors, launched a documentary on Grand Union on 22nd June with a film screening and band performance featuring musicians from China, Bangladesh, Chile, Uruguay and South Africa. we were delighted that it was such a success, and the hall at St Margaret’s House was packed.
As part of a move from our office base, we worked closely with Tower Hamlets Local History Library who helped us archive a vast amount of material including scores, photos, recordings and videos. We donated instruments and equipment to musicians, music schools, teachers, the National Jazz Archives, and specialist museums.
## **Future Plans**
As our new Leadership team brings creative ideas and energy, we aim to work with new venues, and discover more connections with other creative people and organisations with whom we can collaborate. We will continue to reach out to new audiences, and younger groups of attendees and will encompass new musical genres and styles, alongside the experiences and traditions from our local communities. We will also prioritise working on different streams of income generating, to plan for a sustainable future.
## **With Special Thanks to our Funders**
We are extremely grateful for the valued support from our funders:
City Bridge Foundation, London Borough of Tower Hamlets, London Borough of Hackney, the Cockayne Foundation, Skinners' Charity Foundation, the Makers of Playing Cards Charity, the Garrick Charitable Trust, the D'Oyly Carte Charitable Trust, Queen Adelaide Charity, and Second University House Trust.
## **Results for the year**
The results of the period and financial position of the charity are shown in the annexed financial statements.
The Statement of Financial Activities shows a decrease in funds for the year of £9,264, and reserves of £15,213.
## **Tangible fixed assets for use by the charity.**
Fixed assets are set out in Note 8 to the accounts.
## **Independent Examiner**
The Independent Examiner, Anthony Armstrong FCA of Armstrong & Co, has indicated his willingness to be proposed for reappointment.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Trustees on 11 December 2025 and signed on its behalf by:
## **Adam Sutcliffe, Trustee**
Page 5
**(A Charity Company Limited by Guarantee, company number 2062208)**
## AT **The Grand Union Music Theatre Limited**
## **Statement of Trustees' Responsibilities for the year ended 31 March 2025**
The trustees (who are the directors of The Grand Union Music Theatre Limited for the purpose of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- a) Select suitable accounting policies and apply them consistently;
- b) Observe the methods and principles in the Charities SORP;
- c) Make judgements and estimates that are reasonable and prudent;
- d) Follow applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the accounts;
- e) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and charity legislation. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 6
AT **The Grand Union Music Theatre Limited**
**(A Charity Company Limited by Guarantee, company number 2062208)**
## **Independent Examiner's Report to the Trustees of The Grand Union Music Theatre Limited**
I report on the accounts of The Grand Union Music Theatre Limited for the period from 1 April 2024 to 31 March 2025, which are set out on pages 9 to 17.
This report is made solely to the trustees as a body in accordance with section 145 of the Charities Act 2011 (the Charities Act) and regulations made under section 154 of that Act. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the trustees as a body, for my examination, for this report, or for the opinions I have formed.
## **Respective responsibilities of trustees and examiner**
As described on page 7, the trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the the Charities Act and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- a) examine the accounts under section 145 of the Charities Act;
- b) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and
- c) to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006 Act, or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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 accounts have not been prepared in accordance with the Charities SORP (FRS102).
- I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
**Anthony Armstrong FCA, Independent Examiner of Armstrong & Co** _Chartered Accountants & Statutory Auditor_
**4a Printing House Yard Hackney Road London E2 7PR**
**Dated: 11 December 2025**
Page 7
**(A Charity Company Limited by Guarantee, company number 2062208)**
## FS **The Grand Union Music Theatre Limited**
## **Statement of Financial Activities**
## _**incorporating the income and expenditure account**_ **for the year ended 31 March 2025**
|**Notes**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total income**
**Expenditure on:**
Charitable activities
6
**Total expenditure**
**Net income/(expenditure) for the year**
**Transfers between funds**
17
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
13
**Total funds carried forward**
13|||**2025**
**2024**
**Total Funds**
**Total Funds**
£
£
13,782
16,911
41,810
117,249
56
75
**55,648**
**134,235**
64,912
126,191
**64,912**
**126,191**
(9,264)
8,044
-
-
**(9,264)**
**8,044**
24,477
16,433
**15,213**
**24,477**|
|---|---|---|---|
||**Unrestricted**
**Funds**|**Restricted**
**Funds**||
||£
1,182
8,696
56|£
12,600
33,114
-
**45,714**
53,520
**53,520**
(7,806)
2,483
**(5,323)**
9,323
**4,000**||
||**9,934**|||
||11,392|||
||**11,392**|||
||(1,458)
(2,483)|||
||**(3,941)**
15,154|||
||**11,213**|||
All incoming resources and resources expended are derived from continuing activities. The statement of financial activities incorporates an income and expenditure account. The accompanying accounting policies and notes form an integral part of these financial statements.
Page 8
**(A Charity Company Limited by Guarantee, company number 2062208)**
## **The Grand Union Music Theatre Limited**
## **Statement of Financial Position**
## **as at 31 March 2025**
|**Notes**
**Fixed assets:**
Tangible assets
8
**Total fixed assets**
**Current assets:**
Stocks
9
Debtors
10
Cash at bank and in hand
11
**Total current assets**
12
**Net current assets/(liabilities)**
**Total net assets**
**The funds of the charity:**
Restricted income funds
15
Unrestricted funds
14
**Total charity funds**
19
**Creditors: amounts falling due within one year**|£
£
£
£
-
1
-
1
518
928
1,764
5,550
15,168
19,978
17,450
26,456
2,237
1,980
15,213
24,476
15,213
24,477
4,000
9,323
11,213
15,154
15,213
24,477
**31 March 2025**
**31 March 2024**|£
£
£
£
-
1
-
1
518
928
1,764
5,550
15,168
19,978
17,450
26,456
2,237
1,980
15,213
24,476
15,213
24,477
4,000
9,323
11,213
15,154
15,213
24,477
**31 March 2025**
**31 March 2024**|
|---|---|---|
||£
518
1,764
15,168
17,450
2,237|£
1|
|||1
24,476|
|||24,477|
|||9,323
15,154|
|||24,477|
The directors are satisfied that the company is entitled to exemption from audit under Section 477 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Act.
The directors acknowledge their responsibilities for:
(i) ensuring that the company keeps proper accounting records which comply with Section 386 of the Companies Act 2006; and
(ii) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of Section 394 and 395 of the Companies Act 2006, and which otherwise comply with the requirements of this act relating to accounts, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard 102.
## **The financial statements were approved by the Board of Trustees on 11 December 2025 and signed on its behalf by:**
**Adam Sutcliffe Trustee**
## _**The notes on pages 12 to 17 form part of these accounts.**_
Page 9
## **The Grand Union Music Theatre Limited**
## **(A Charity Company Limited by Guarantee, company number 2062208)**
## **Statement of Cash Flows**
## **for the year ended 31 March 2025**
|**Notes**
**Cash flows from operating activities:**
Net cash provided by/(used in) operating activities
**1**
**Cash flows from investing activities:**
Dividends, interest and rents from investments
**Net cash provided by/(used in) investing activities**
**Change in cash and cash equivalents in the reporting period**
**Cash and cash equivalents at the beginning of the reporting period**
**2**
**Cash and cash equivalents at the end of the reporting period**
**2**
**Notes to the Cash Flow Statement**
**1)**
**Adjustments for:**
Depreciation charges
Dividends, interest and rents from investments
(Increase)/decrease in stocks and work in progress
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Net cash provided by/(used in) operating activities**
**2)**
**Analysis of cash and cash equivalents**
Cash in hand
**Total cash and cash equivalents**
**Reconciliation of net income/(expenditure) to net cash flow from**
**operating activities**
Net income/(expenditure) for the reporting period (as per the statement of financial
activities)|**2025**
£
(4,866)
56
56
(4,810)
19,978
**15,168**
**2025**
£
(9,264)
1
(56)
410
3,786
257
**(4,866)**
**2025**
£
15,168
**15,168**|**2024**
£
2,935|
|---|---|---|
|||75|
|||75|
|||3,010
16,968|
|||**19,978**|
|||**2024**
£
8,044
-
(75)
338
(4,026)
(1,350)|
|||**2,935**|
|||**2024**
£
19,978|
|||**19,978**|
Page 10
**(A Charity Company Limited by Guarantee, company number 2062208)**
## **The Grand Union Music Theatre Limited**
## **Accounting Policies**
## **for the year ended 31 March 2025**
## **Basis of preparation**
The financial statements have been prepared in accordance with:
- a) Applicable UK accounting standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)'
- b) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP FRS 102)
- c) the Companies Act 2006
- d) the Charities Act 2011
## **Public benefit entity**
The charitable company meets the defination of a public benefit entity under FRS 102.
## **Going concern**
The charity's income is mainly derived from non self-generated sources, such as grants, service level agreements and other governmental or NGO sources. The trustees consider that there are no material uncertainties about the likelihood that this support will continue, and accordingly, the accounts have been prepared on a going concern basis.
## **Income recognition**
Income is recognised when the charity has a contractual or other right to its receipt, it is probable that the income will be received and that the amount can be measured reliably. Income with conditions attached to its receipt is recognised when those conditions have been fulfilled.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **Expenditure recognition**
Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. The charity is registered for VAT and accordingly expenditure excludes VAT where appropriate.
Expenditure included in Raising Funds includes amounts incurred in obtaining grants and other donations.
Charitable expenditure includes those costs expended in fulfilling the charity’s principal objects, as outlined in the Report of the Trustees. These include grants payable, governance costs and an apportionment of support costs.
- Grants payable are payments made to third parties in furtherance of the charity’s objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the charity.
- Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to the independent examination and legal fees.
- Rentals under operating leases are charged as incurred over the term of the lease.
Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the funds based on staff time spent on the fund activities or other appropriate criteria.
## **Restricted Funds**
Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.
## **Unrestricted Funds**
Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.
## **Hire purchase and leasing commitments**
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 11
**(A Charity Company Limited by Guarantee, company number 2062208)**
## **The Grand Union Music Theatre Limited**
## **Accounting Policies**
**for the year ended 31 March 2025**
## **Pensions**
The charity operates defined contribution schemes which are administered by outside independent pensions providers. Contributions payable for the year are charged to the Statement of Financial Activities.
## **Tangible Fixed Assets**
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost Furniture & fixtures - 25% - 33% on cost
## **Stocks**
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Page 12
**(A Charity Company Limited by Guarantee, company number 2062208)**
## F **The Grand Union Music Theatre Limited**
## **Notes to the Accounts**
## **for the year ended 31 March 2025**
## **1 Incoming resources**
The incoming resources and surplus are attributable to the principal activities of the charity.
## **2 Net outgoing resources**
|**Net outgoing resources**
_Net outgoing resources are stated after charging:_
Independent Examiner's fees - reporting service
Independent Examiner's fees - other services
Depreciation - owned assets
**Trustees' emoluments**|**2025**
£
1,200
300
1
-|**2024**
£
1,200
300
-|
|---|---|---|
|||-|
## **Trustees' emoluments**
Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services.
|**3**
**4**
**5**
**6**|**Income from donations and legacies**
Donations
**Income from charitable activities**
Performance fees
Education fees
Grants and service level agreements
**Income from investments**
Bank interest
**Resources expended: Charitable activities**
**Direct costs**
Artists fees
Project staff/consultants/technicians
Other production costs
Accommodation and transport
Marketing and PR
**Support costs**
Wages
Other Employe cost
Office costs
Rent/premises
Accountancy/legal/bank/insurance
Depreciation charge for the year|**Unrestricted**
£
1,182
1,182
**Unrestricted**
£
7,096
1,600
-
8,696
**Unrestricted**
£
56
56
**Unrestricted**
£
-
630
-
(181)
62
431
-
-
6,625
(119)
2,286
1,657
1
11,392|**Restricted**
£
12,600
12,600
**Restricted**
£
-
6,220
26,894
33,114
**Restricted**
£
-
-
**Restricted**
£
-
20,958
5,942
2,383
221
9,288
-
5,280
-
5,711
2,690
1,047
-
53,520|**2025**
**Total**
£
13,782
13,782
**2025**
**Total**
£
7,096
7,820
26,894
41,810
**2025**
**Total**
£
56
56
**2025**
**Total**
£
-
21,588
5,942
2,202
283
9,719
-
5,280
6,625
5,592
4,976
2,704
1
64,912|**2024**
**Total**
£
16,911|
|---|---|---|---|---|---|
||||||16,911|
||||||**2024**
**Total**
£
7,663
10,930
98,656|
||||||117,249|
||||||**2024**
**Total**
£
75|
||||||75|
||||||**2024**
**Total**
£
-
36,552
5,116
18,888
785
25,975
-
11,527
-
14,077
10,207
3,064
-|
||||||126,191|
Page 13
**(A Charity Company Limited by Guarantee, company number 2062208)**
## F **The Grand Union Music Theatre Limited**
## **Notes to the Accounts**
## **for the year ended 31 March 2025**
|**7**
**Staff costs**
Staff salaries
Other Employee cost
Employees paid in excess of £60,000 during the current year and previous year:
**8**
**Tangible fixed assets**
**Tangible 1**
**Tangible 2**
**Software**
£
£
£
**Cost**
As at 1 April 2024
-
-
-
As at 31 March 2025
-
-
-
**Depreciation**
As at 1 April 2024
-
-
-
Charge for the year
-
-
-
As at 31 March 2025
-
-
-
**Net book value**
As at 31 March 2025
-
-
-
As at 31 March 2024
-
-
-
**9**
**Stocks**
Stock
**10 Debtors: amounts falling due within one year**
Trade debtors
VAT refund
**11 Bank and cash in hand**
Reserve account
Natwest current account
Petty cash
**12 Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income
Average number of employees during the year was:|**Computer**
**equipment**
£
54,751
54,751
54,751
-
54,751
-
-|**2025**
£
5,280
6,625
11,905
1
None
**Furniture &**
**fixtures**
£
11,425
11,425
11,424
1
11,425
-
1
**2025**
£
518
518
**2025**
£
1,250
514
1,764
**2025**
£
2,022
13,146
-
15,168
**2025**
£
1,040
-
1,197
2,237|**2024**
£
11,527
-|
|---|---|---|---|
||||11,527|
||||1|
||||None|
||||**Total**
£
66,176|
||||66,176|
||||66,175
1|
||||66,176|
||||-|
||||1|
||||**2024**
£
928|
||||928|
||||**2024**
£
4,500
1,050|
||||5,550|
||||**2024**
£
12,167
7,749
62|
||||19,978|
||||**2024**
£
591
190
1,199|
||||1,980|
Page 14
**(A Charity Company Limited by Guarantee, company number 2062208)**
## F **The Grand Union Music Theatre Limited**
## **Notes to the Accounts**
## **for the year ended 31 March 2025**
|**13 **
**14 **
**15 **
**16 **|**The funds of the charity: current year**
_Restricted funds_
Restricted income funds
_Unrestricted funds_
General funds
**The funds of the charity: prior year**
_Restricted funds_
Restricted income funds
_Unrestricted funds_
General funds
**Restricted funds: current year**
City Bridge Foundation
Worshipful Company Playing Cards
D’Oyly Carte Charitable Trust
Garrick Charitable Trust
LB Hackney
LB of Tower Hamlets
Queen Adelaide Charity
Skinners’ Charity Foundation
Second University Trust
Cockayne Foundation
**Restricted funds: prior year**
Arts Council project grants
City Bridge Foundation
LB of Tower Hamlets
Local giving
Sound Connections
Cockayne Foundation
Youth Music|**Opening**
**balance**
£
9,323
15,154
24,477
**Opening**
**balance**
£
5,823
10,610
16,433
**Opening**
**balance**
£
-
-
-
-
-
3,500
-
-
-
5,823
9,323
**Opening**
**balance**
£
-
-
-
-
-
5,823
-
5,823|**Resources**
**arising**
£
45,714
9,934
55,648
**Resources**
**arising**
£
98,496
35,739
134,235
**Incoming**
**resources**
£
19,164
3,000
4,000
2,000
720
11,230
1,600
2,000
2,000
-
45,714
**Incoming**
**resources**
£
54,576
26,500
12,000
500
1,500
-
3,420
98,496|**Resources**
**utilised**
£
(53,520)
(11,392)
(64,912)
**Resources**
**utilised**
£
(95,117)
(31,074)
(126,191)
**Resources**
**expended**
£
19,209
3,015
-
2,002
729
17,074
1,630
2,030
2,000
5,831
53,520
**Resources**
**expended**
£
54,595
26,524
8,525
520
1,512
-
3,441
95,117|**Other**
**movements**
£
2,483
(2,483)
-
**Other**
**movements**
£
121
(121)
-
**Transfers &**
**gains/(losses)**
£
45
15
-
2
9
2,344
30
30
-
8
2,483
**Transfers &**
**gains/(losses)**
£
19
24
25
20
12
-
21
121|**Closing**
**balance**
£
4,000
11,213|
|---|---|---|---|---|---|---|
|||||||15,213|
|||||||**Closing**
**balance**
£
9,323
15,154|
|||||||24,477|
|||||||**Closing**
**balance**
£
-
-
4,000
-
-
-
-
-
-
-|
|||||||4,000|
|||||||**Closing**
**balance**
£
-
-
3,500
-
-
5,823
-|
|||||||9,323|
Page 15
**(A Charity Company Limited by Guarantee, company number 2062208)**
## F **The Grand Union Music Theatre Limited**
## **Notes to the Accounts**
## **for the year ended 31 March 2025**
## **Restricted funds (continued)**
Projects financed by restricted funds are supported by unrestricted funding where necessary. This occurs where the funding is in arrears or the incidence of expenditure on the project occurs disproportionately at the beginning of the project compared to the income flows. Where restricted projects end the year with a deficit, this is met by after year-end restricted income or transfers from unrestricted funds.
|unrestricted funds.||
|---|---|
|**City Bridge Foundation**|New leadership, development of new work & emerging artists.|
|**Worshipful Company Playing**|Organisational development and leadership.|
|**D’Oyly Carte Charitable Trust**|Career development & performance opportunities for young artists.|
|**Garrick Charitable Trust**|Development of the ReGeneration Band programme.|
|**LB Hackney**|Workshops and performance with CMJ diversity ensemble.|
|**LB of Tower Hamlets**|Arts Education, small events, emergency funds and capacity building.|
|**Queen Adelaide Charity**|Community work in Bethnal Green.|
|**Skinners’ Charity Foundation**|Development of the ReGeneration Band programme.|
|**Second University Trust**|Tower Hamlets based work.|
|**Cockayne Foundation**|Long& Narrow Road'project for Turkish community.|
|**17 Transfers between funds: current year**
General to restricted
**18 Transfers between funds: prior year**
General to restricted
**19 Net assets attributable to funds: current year**
Current assets
Current liabilities
Net assets represented by funds
**20 Net assets attributable to funds: prior year**
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds|**General**
**funds**
(2,483)
(2,483)
**General**
**funds**
(121)
(121)
**General**
**funds**
13,452
(2,239)
11,213
**General**
**funds**
1
17,133
(1,980)
15,154|**Designated**
**funds**
-
**Designated**
**funds**
-
**Designated**
**funds**
£
-
-
-
**Designated**
**funds**
£
-
-
-
-|**Restricted**
**funds**
2,483
2,483
**Restricted**
**funds**
121
121
**Restricted**
**funds**
£
4,000
-
4,000
**Restricted**
**funds**
£
-
9,323
-
9,323|**Endowment**
**funds**
-
**Endowment**
**funds**
-
**Endowment**
**funds**
£
-
-
-
**Endowment**
**funds**
£
-
-
-
-|**Total**
-|
|---|---|---|---|---|---|
||||||-|
||||||**Total**
-|
||||||-|
||||||**Total**
£
17,452
(2,239)|
||||||15,213|
||||||**Total**
£
1
26,456
(1,980)|
||||||24,477|
## **21 Taxation**
The company is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.
## **22 Post balance sheet events**
There were no significant post balance sheet events.
## **23 Pension commitments**
The charitable company contributes to employee defined contribution (DC) stakeholder pension schemes. The assets of the schemes are held separately from those of the charitable company in independently administered funds.
Page 16
**(A Charity Company Limited by Guarantee, company number 2062208)**
## F **The Grand Union Music Theatre Limited**
## **Notes to the Accounts**
## **for the year ended 31 March 2025**
## **24 Contingent liabilities**
The charitable company had no material contingent liabilities at 31 March 2025 nor at 31 March 2024.
## **25 Related parties**
There were no disclosable related party transactions during the year.
## **26 Gifts in kind and volunteers**
During the year the charitable company benefited from unpaid work performed by volunteers.
## **27 Company status**
The company is limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member.
Page 17