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2022-08-31-accounts

LEWISHAM YOUTH THEATRE LTD

REPORT AND FINANCIAL STATEMENTS

Year ending 31st August 2022

COMPANY REGISTRATION NUMBER: 02135342 CHARITY REGISTRATION NUMBER 297075

Frank S Lachman 16b North End Road Golders Green London NW11 7PH

LEWISHAM YOUTH THEATRE LTD

Legal and Administrative Information

31st August 2022

Company Registered Number 02135342 Registered Charity Number 297075 Registered Office 142-144 Lewisham High Street London SE13 6JG Patrons Phaldut Sharma Lucian Msamati Directors and Trustees Genine Whitehorne Chair Danielle Moseley Resigned 1st September 2022 Thomas Toomse-Smith Treasurer Jamiel Thomas Mairi Hayes Stella Jeffrey Edward King Natalie Beeraje Resigned 1st September 2022 Salmah Iqbal Appointed 9th July 2021 Dinesh Sattee Resigned 11th January 2022 Freneka Mumford Appointed 25th March 2022

Company Secretary Victoria Shaskan Independent Examiner Frank S Lachman Chartered Accountant 16B North End Road London NW11 7PH

Bankers HSBC 85 Lewisham High Street Lewisham London SE12 6BE

Staff Team Helen Stanley Artistic Director Victoria Shaskan Executive Director Amy Lewis Participation Manager (to April 2022) Angus Scott-Miller Participation Manager (from May 2022) Ania Straczynska Operations Manager (to July 2022) Carys Williams Outreach Producer Isla McGregor Programmes Administrator (from May 2022) Louise Balhatchet Technical Theatre Programmes Manager Monique Day Workshops Coordinator (from April 2022) Nicole Alison Creative Producer (From March 2022) Subira Damali Progression Coordinator

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LEWISHAM YOUTH THEATRE LTD

DIRECTORS' AND TRUSTEES' REPORT

The directors/trustees present their report and the financial statements for the year ended 31st August 2022.

DIRECTORS' RESPONSIBILITIES

Company Law which is also applicable to charitable companies in England and Wales requires the directors, who are also trustees of the company, to 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 results of the company for that period.

In preparing those financial statements, the directors/trustees are required to:

The directors/trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements 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 detection of fraud and other irregularities.

PRINCIPAL ACTIVITY AND CHARITABLE OBJECTIVE

The purpose of the charitable company as set out in the governing documents continues to be the promotion, improvement and advancement of education and the encouragement of the appreciation of the arts in all their aspects by the presentation of educational plays and other suitable schemes.

The main activities undertaken in relation to these purposes are the provision of participatory arts projects and performances designed to develop the skills, capacities and capabilities of mainly, but not exclusively, young people up to the age of 24 who live or learn in Lewisham.

The charity’s mission statement, published in the 2017-2022 Strategic Plan is:

All young people have a powerful voice and a right to be heard.

Lewisham Youth Theatre (LYT) nurtures and inspires young people’s voices through free participatory theatre activities, helping them to develop enduring and transferable skills that lead to increased life chances and long term well-being.

We bring young people together from across the Lewisham community to create outstanding theatre in an environment of high expectations and collaboration. We work from the core belief that artistic excellence is key to expanding young people’s horizons and creating lasting transformation.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The company was incorporated on 29th May 1987 and is governed by its Memorandum and Articles of Association. In April 2017, the Council of Management, after seeking approval from the Charity Commission for regulated changes, resolved to approve a new Memorandum and Articles in order to bring the charity’s governing documents in line with current charity law.

The company is limited by guarantee and has no share capital. The guarantees of individual members are limited to £10.

The company is a registered charity, number 297075.

The appointed directors of the company are also the charity’s trustees. The directors form its Council of Management and Governing Body and are empowered to act as necessary in order for the company to fulfil its objectives.

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LEWISHAM YOUTH THEATRE LTD

The Directors delegate the day-to-day management of the company to the key management personnel, currently the Artistic Director and Executive Director. The directors are responsible for ensuring that management staff’s decisions are in accordance with the company's objects and legal framework. Long-term organisational strategy is the joint responsibility of the directors and the management staff. Directors are responsible for ensuring that this strategy is in accordance with the company's objects, and for overseeing the effectiveness of this strategy.

Directors may be appointed by the members of the company or fellow directors at any time. New directors/trustees are provided with an induction pack outlining their roles and responsibilities as both directors of the company and trustees of the charity. They are provided with the company’s governing documents and the current business plan.

ACHIEVEMENTS AND PERFORMANCE

Over the last year, Lewisham Youth Theatre have experience significant growth as we have transitioned back to in-person delivery post-Covid and moved to a new space – a disused 5-floor retail space on Lewisham High Street. We delivered our planned youth theatre projects focused on the theme of ‘Youth Voices 2022’ – with young people taking on lead roles as writers, directors, designers and producers, and using their creative voices to respond to urgent issues affecting them including the mental health crisis and the climate emergency. At the same time, the new space allowed us to innovate new ways to allow groups to interact and to place young people’s creative ambitions at the centre of our work.

The success of this year has allowed us to develop plans for growing the model of Youth-Led Creative Hub - a model that we aim to transition back to the Broadway Theatre following refurbishment.

The youth-led model is a development of our core ethos of centring young people’s voices. We imagine a theatre where young people from our youngest age groups to our graduates and trainee facilitators drive the creative process – developing highquality and creatively ambitious projects in collaboration with professional artists while tackling the urgent issues that our communities face. In the last year, this work has resulted in young people designing the physical space of the new creative hub, co-creating plays about climate anxiety and mental health, and leading workshops with community members to explore these topics.

Our Delivery

Over the year, a total of 800 participants have taken part in 382 session, with 197 taking part in core activity. Activity has included:

Seniors 14-21s: 38 aged 14-21 engaged in 24 sessions across 4 session groups. The Acting Company performed Confessions at LYT and at a festival of youth-led work at the Borough of Culture’s Climate Home. 3 participants led the

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LEWISHAM YOUTH THEATRE LTD

Graduate Creatives: 13 participants aged 18-25 received paid work experience, gaining employability skills through supporting on LYT’s youth theatre projects. 6 also received dedicated training on delivering drama for wellbeing with young people affected by poor mental health.

New programme developments this year:

OUR LEARNING

Over the last year, we have seen more evidence that the strong relationships built at LYT with other participants and trusted staff, and the ability to return to these relationships, particularly at moments of transition or crisis, are a key mechanism for our impact. The importance of this consistency in LYT’s support is strongly evident in stories and feedback:

One long-time vulnerable member had not been participating regularly due to mock GCSEs. When he received a bad result on one exam, he literally ran to LYT and asked if he could help out at an event, helping him to feel useful and accomplished.

Another long-time participant had lost friends at school and been bullied when he came out as LGBTQ. He told us he was able to be open and comfortable with his identity at LYT where he had a circle of friends who were accepting of him. This helped him to get through a difficult period.

“If I didn't have LYT, I don't know what i would have done these past few months. LYT has given me some kind of peace.” – Free Space Fridays participant

“Overall, I feel like having LYT in my life consistently has helped keep me balanced.” – Free Space Fridays participant

MEETING OUR STRATEGIC OUTCOMES

Key performance indicators are set out in our Strategic Plan 2017-2022 against each of our Strategic Objectives. A full strategic plan can be downloaded from our website: http://www.lewishamyouththeatre.com/publications/

Strategic Objective 1: Improving transferable life skills of Lewisham young people

Participation Indicators:

Participant Self-Assessment Indicators:

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LEWISHAM YOUTH THEATRE LTD

Qualitative Feedback:

“What is great about what LYT do and that’s different from others, is that they focus on building confidence skills, and teamwork skills as opposed to places that only do musical theatre or simply try to mould the biggest star” – Parent/Carer, Juniors 8-11

‘It has helped me find new ways to express myself, socially and on stage, it has helped me to be myself’ – Participant, Juniors 12-14

“It has drastically improved my confidence. It's not just a small difference, it's a major, drastic boost in my confidence. Before this I would never dream of going on stage, let alone talking to the audience. I used to have such bad stage fright before.” – Participant, Juniors 12-14

“LYT has helped my son grow and work with others. As a young person with Autism who does not like to be grouped with young people with complex needs, he absolutely loves being part of a mainly neurotypical group. He feels understood and he loves to take part in theatre. This project is the only activity that we have been able to find that has made him very happy.” – Parent, Seniors 14-19s

Strategic Objective 2: Increased ambition and access to further opportunities

Participation Indicators:

Participant Self-Assessment Indicators:

Qualitative Feedback:

“LYT truly makes me belong since I really get to show my leadership skills.” – Participant, Seniors 14-19s

“I think now I am able to recover quickly from saying things wrong. I used to always overthink my mistakes, I can make a mistake now and know that no one will judge me. Everyone will just be like oh he made a mistake it’s calm.” – Participant, Seniors 14-19s

“I most enjoyed working under pressure and meeting new people. I think I have become more capable of supporting others when acting.” – Participant, Juniors 8-11s

“I enjoyed] writing monologues and scenes. It’s given me more confidence in leading others and communicating my ideas.” – Participant, Seniors 16-21s

“Few organisations empower young people like Youth Theatre does.” – Parent, Junior 12-14s

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LEWISHAM YOUTH THEATRE LTD

Volunteering: This year, 18 volunteers and placement students gave up their time to support on our projects.

40 youth theatre members volunteered as part of Members’ Committee, peer mentors on projects, technical and backstage crew.

Next Steps: Our direct support to connect participants to next steps and opportunities around London has meant that 7 participants received paid work with external arts organisations.

Strategic Objective 3: Sharing our expertise and working practice

Partnerships: LYT continues to receive referrals through local partnerships. This year, our partners have included:

Baseline; Carers Lewisham; Child & Adolescent Mental Health Services (CAMHS); Circle Collective; Lewisham Children’s Social Care (inc. Fostering, complex needs and children looked after teams); Family Thrive; Phoenix Housing; Safe Space; South London & Maudsley NHS Trust; Sydenham GP Practice; Young Lewisham Project; Youth Offending Service.

Local Primary Schools: Holbeach; Rushey Green; St. Marys CofE School

Local Secondary Schools: Bonus Pastor; Forest Hill; Knight’s Academy; New Woodlands; Prendergast Ladywell; Prendergast School; and Sedgehill.

Pathways Partners: Over the last year, we have worked with external delivery partners to provide a pathway for our participants to widen their horizons and access further opportunities: Birds Eye View; BRIT School, Greenwich Theatre; National Theatre; Sounds Like Chaos; Theatre Centre and Theatre Craft.

Borough of Culture: We have engaged widely with the We Are Lewisham programme for Lewisham’s Borough of Culture. Alongside delivering the Youth Voices 2022 projects supported by We Are Lewisham, we have brought participants to events and supported participants into voluntary and paid opportunities in the Borough of Culture programme.

During the development of Youth Voices 2022, we met regularly with Sounds Like Chaos, who were developing their own youthled ‘Climate Home’ space in Deptford for the Borough of Culture programme. These meetings supported a joint sharing and growth of understanding of how to support youth-led spaces.

My London: Lewisham Youth Theatre was successful in our bid for £210k over 2 years from the Mayor of London as the lead partner in the My London Youth Social Action project for Lewisham and Greenwich. We are working with Charlton Athletic Community Trust, METRO Charity, Tramshed and Trinity Laban to seed youth social action across our organisations and across the two boroughs from 2022-2024.

TEDX Lewisham: Lewisham’s first TEDx event saw contributions from Progression Coordinator Subira Damali and Artistic Director Helen Stanley.

Subira shared her story about her journey with LYT:

‘How Creativity Empowers Young Voices’

Helen shared part of a one-woman play in development about her journey with her mothers’ alzheimer's: ‘A Love Lost & A Gift Found’

Strategic Objective 4: Sustainable Resources

Staff Training & Development: Over the last year, staff have attended training in safeguarding, mental health first aid and organisational resilience. We have continued to offer a programme of monthly clinical supervision with drama therapists as well as access to an employee assistance programme.

Increased & Sustained Resourcing: The organisation remains in a strong financial position moving into the 2022/23 financial year, with strong funding and commissioning partnerships. We are grateful for the support of new and returning donors for the next year:

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LEWISHAM YOUTH THEATRE LTD

We particularly want to thank LandSec who have provided the retail unit on Lewisham High Street rent and rates free for 18 months. This in-kind donation is estimated at a cost of £82,348.

We also received in-kind legal support worth £2,664.50 from law firm Mishcon de Reya towards the negotiation of the high street unit lease.

ORGANISATIONAL DEVELOPMENTS

Over the last year, we have had a significant change and growth in the staff team. This expanded staffing structure has allowed us to activate the retail unit on Lewisham High Street with a wider variety of programming.

Staff leaving LYT during the year including Jessica Moffat, Amy Lewis and Ania Straczynska have gone onto exciting opportunities with the National Theatre, Punchdrunk Enrichment and The Place.

Staff with a previous history with the charity joined us again this year in new roles: former workshop volunteer Carys Williams joined us as Workshop Coordinator before moving into the Outreach Producer role; former technical theatre facilitator Nicola Alison joined us as Creative Producer; and former participant and sessional worker Subira Damali joined us as Progression Coordinator.

In the summer term, we also welcomed Angus Scott-Miller (Participation Manager), Isla McGregor (Programmes Administrator), Molly Cox (My London Manager) and Monique Day (Workshops Coordinator).

Our Council of Management (Board of Trustees) welcomed new member Freneka Mumford, a consultant with KPMG. Due to external time commitments, Natalie Beeraje and Dani Mosely have stepped down from the Council of Management.

Following her time as a participant, Dani first joined the Council of Management in 2007. We thank her for her years of dedicated service. Although her current professional acting and writing schedules do not allow her to continue as a Trustee, Dani remains as supporter of LYT’s work and an Emeritus Trustee.

We also thank Natalie for her support over the last year, particularly for helping us prepare for our move to the high street unit.

PLANS FOR FUTURE PERIODS

Youth-Led Creative Hub

Over the next year, we will continue to explore a model for a space where young people’s creativity is at the centre – not marginalised. We envision a theatre where young people of all ages are at the centre of making great art - as performers, writers, directors, producers, designers and technicians.

What do we mean by a Youth-Led Creative Hub? We mean a space where young people’s creative horizons continue to expand and where they can develop their own creativity. It’s hard to say exactly what this will look like, because it will depend on the vision of the young people involved.

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LEWISHAM YOUTH THEATRE LTD

New Partnerships

Over the next year, we will use the Creative Hub space in Lewisham High Street to expand our programmes and explore new ways to place young people’s creativity and community engagement at the centre of our work. We will collaborate with other companies and community groups, opening our doors to more young people and community members. Alongside offering more creative opportunities, the we currently have plans to offer space for more community activity including partnering with the Young Mayor’s Team, Theatre Centre, Lewisham Central’s Local Area Assembly, Participatory Arts London, CRIPtic Arts and LandSec’s Design Champions.

This Directors’ Report can be compared to the key performance indicators and annual goals set out in our full strategic plan, which can be downloaded from: www.lewishamyouththeatre.com/publications

FINANCIAL REVIEW

LYT has had another positive year, managing to end the year with a surplus of £55,373 despite the pressures of emerging from a global pandemic. We have continued to enjoy support from a wide range of public and private sponsors. This year we raised £356,987, rapidly scaling up our operations to take over a 5-floor retail unit in March. This fundraising success allowed us to spend £301,614 on charitable activities.

In addition to these figures, LYT secured in-kind support estimated at £85,012 towards the costs of meanwhile use of a retail unit, and partnership funding of £29,200 from the Mayor of London, which has been dispersed to My London partners.

The charity remains in a good financial position, with £163,413 of funds carried forward to the next financial year.

RESERVES POLICY

Designated funds carried forward (shown in notes 9 and 10) are monies allocated to projects going forward. The Trustees deem these fund are available for use in the following year’s operational budget. As of 31 August 2022, the Trustees designate £63,413 of carried forward funds to projects in the 2022/23 financial year.

The charity endeavours to maintain a level of non-operational reserves that will enable it, if the situation arises that funding is curtailed, to carry on its activities whilst alternative sources of funding are obtained. Non-operational Reserves at the level of £100,000 currently total approximately 4 months of the overall 2021/22 expenditure. The directors consider this to be an appropriate level of reserves as at 31 August 2022 and, given global economic pressures and the cost of living crisis, to be making prudent progress towards the previously stated goal of six months running costs as a contingency against statutory obligations.

The movement in reserves is shown in note 8 to the accounts.

INDEMNITY

The company holds Trustees and Directors Indemnity insurance, which indemnifies directors against any liability incurred in that capacity, up to £100,000.

FUNDING AND INCOME SOURCES

Income sources, names of funders and designation of funds are shown in Notes 2 and 3 to the accounts.

All income and resources are used for the direct delivery of the organisation’s charitable activities or for the support costs associated with this delivery, in order to further the key objectives of the charity.

ACCOUNTANTS

Frank Lachman has agreed to offer himself for re-election as Independent Examiner to the company at the forthcoming AGM.

INVESTMENTS

The charity has no investments.

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LEWISHAM YOUTH THEATRE LIMITED

RELATED PARTIES

The charity has relationships with other charities on a project-by-project basis. None of the trustees receive remuneration or benefitted financially from their work as trustees/directors of the charity. Any connection between a trustee or senior manager of the charity and a contractor must be disclosed to the full Council of Management. In the current year, Trustee Dani Moseley was contracted as a playwright, outside her work as a trustee, in line with the rules laid out in the governing documents. The Council of Management, without the input of Dani Moseley, scrutinized this decision and the contract, and deemed the contract to be in keeping with the governing documents. See note 11 for more details.

RISK MANAGEMENT

The directors/trustees consider the company to remain a going concern for the period of 12 months from the date the accounts are signed, as such the accounts have been prepared on that basis. The company undertakes periodic reviews for different areas of risk including insurance cover, health and safety in the workplace and during work with participants, safeguarding children, financial affairs, personnel practices and ICT technology.

PUBLIC BENEFIT

The Trustees confirm that in compiling this report they have had due regard to the guidance on public benefit issued by the Charity Commission in compliance with the duty set out in section 4 of the Charities Act. This report has been prepared in accordance with the provisions in Section 419(3) of the Companies Act 2006 applicable to charitable companies subject to the small companies regime.

DIRECTORS/TRUSTEES

The directors/trustees set out below have held office during the whole year of this report unless otherwise stated.

Genine Whitehorne Chair Freneka Mumford Appointed 25th March 2022 Danielle Moseley Edward King Thomas Toomse-Smith Treasurer Natalie Beeraje Jamiel Thomas Salmah Iqbal Appointed 9th July 2021 Mairi Hayes Dinesh Sattee Resigned 11th January 2022 Stella Jeffrey

This report was approved by the board on 15th December 2022

and signed on its behalf by

Treasurer and Trustee Thomas Toomse-Smith Lewisham Youth Theatre Ltd

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LEWISHAM YOUTH THEATRE LTD

Independent Examiner's Report on the Accounts

I report to the charity trustees on my examination of the accounts of the company for the year ended 31st August 2022 which are set out on pages 11 to 19 .

Responsibilities and basis of report

As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (the ‘2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's report

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

(1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

(2) the accounts do not accord with those accounting records; or

(3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or

(4) the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and 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.

Frank S Lachman Chartered Accountant Independent Examiner

16b North End Road London NW11 7PH

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LEWISHAM YOUTH THEATRE LTD

Statement of Financial Activities (incorporating an Income and Expenditure Account) For the year ended 31st August 2022

Restricted Unrestricted Unrestricted Total Restricted Unrestricted Unrestricted Total
Funds Funds Funds Funds Funds Funds
Notes Revenue Designated Reserves 2022 **Revenue ** Designated Reserves 2021
£ £ £ £ £ £ £ £
Income
Donations and legacies 2 257,226 184,284 - 441,510 183,038 79,682 - 262,720
Bank interest - - 89 89 - - 110 110
Charitable activities 4 - 400 - 400 1,781 - - 1,781
Total income 257,226 184,684 89 441,999 184,819 79,682 110 264,611
Expenditure
Charitable Activity Costs 3 259,850 126,776 - 386,626 191,064 53,569 - 244,633
Total expenditure 259,850 126,776 - 386,626 191,064 53,569 - 244,633
Net income/expenditure (2,624) 57,908 89 55,373 (6,245) 26,113 110 19,978
Reconciliation of funds
Total funds brought forward - 37,175 70,865 108,040 - 17,307 70,755 88,062
Transfers between funds 2,624 (31,670) 29,046 - 6,245 (6,245) - -
Total funds carried forward 9 - 63,413 100,000 163,413 - 37,175 70,865 108,040

The statement of Financial Activities reflects the results of continuing activities for the year.

There were no recognised gains or losses other than the net outgoing resources for the year.

The net outgoing resources for the year have been calculated on the historical cost basis.

The notes on pages 13 to 19 form part of these accounts.

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LEWISHAM YOUTH THEATRE LTD

Balance Sheet at 31st August 2022

Notes
Fixed Assets
6
Current assets
Debtors
7
Cash at bank and in hand
Total current assets
Creditors due within one year
8
Net current assets
Net assets
The funds of the charity
Restricted Funds
Unrestricted Funds
- Designated
- Reserves
Total charity funds
9		 £
£
£
-
43,100
1,200
231,905
270,449
275,005
271,649
111,592
163,609
163,413
163,413
-
92,459
70,954
163,413
2022		 £
-
108,040
2021
275,005
111,592
108,040
-
37,175
70,865
108,040

For the year ended 31 August 2022 the company was entitled to exemption under section 477(2) of the Companies Act 2006.

No members have required the company to obtain an audit of its accounts for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility for:

i. ensuring the company keeps accounting records which comply with section 386; and

ii. preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as applicable to the company.

The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime under Companies Act 2006.

Approved by the directors on 15th December 2022, and signed on their behalf by

Genine Whitehorne - Chair

Thomas Toomse-Smith - Treasurer

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LEWISHAM YOUTH THEATRE LTD

Notes to the Financial Statements For the Year Ended 31st August 2022

1 Accounting Polices

(a) The financial statements have been prepared in accordance with 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)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

As a small company, Lewisham Youth Theatre has not presented a cashflow in these accounts on the basis of the small company exemption under FSR102, section 7.

Lewisham Youth Theatre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

(b) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the items of income have been met, it is probable that the income will be received and the amount can be measured reliably. Income from grants, whether capital or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants has been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

(c) Expenditure

All expenditure is accounted for on an accruals basis. Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party. It is probable that settlement will be required and the amount of the obligation can be measured reliably.

Costs are allocated to a category either because such costs are directly incurred in relation to such category, or because they are support costs in respect of which an apportionment has been made between the categories.

Support costs consist of infrastructure costs for salaries, premises, office administration. Such costs are apportioned on a reasonable and consistent basis to the various categories with a view to determining, as accurately as possible, the total resources expended for each category. The basis of apportionment used is either a function of staff time applied to a given activity, or an estimate of the proportion of costs associated with the same, or a combination of both.

Direct and Support costs are separately shown by natural classification in Note 5 to these accounts for each category of cost.

(d) Taxation

The company as a registered charity ( number 297075 ) is exempt from taxation on most investment income insofar as it is applied for charitable purposes. The company is also exempt from taxation on capital gains.

(e) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

(f) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(g) Tangible Fixed Assets

Tangible fixed assets are written down over the useful life on a fixed line basis. Computers are deemed to have a four year life

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LEWISHAM YOUTH THEATRE LTD

Notes to the Financial Statements For the Year Ended 31st August 2022

2
Grants and donations
Support In Kind
- Landsec
- Mishcon De Reyas
Grants for General Running Costs
- LB of Lewisham - Main Grant
Grants and Donations
- National Lottery Community Fund
- Children In Need
- Haberdashers Benevolent Fund
- Baring Foundation
- Greater London Authority
Young Londoners Fund
My London
Foundation For SocGLA
Culture At Risk
- Little Lives UK
- People's Community Trust
- Lee Charity of William Hattcliffe
- William Wates Memorial Trust
- Henry Smith
- Burberry Foundation
- Quaker Mental Health Fund (UK)
- Groundworks
- LB of Lewisham
We Are Lewisham
Additional Restrictions Grant
Creative Change
Growth Builders Grant
Rushey Green LAA
Progression Project
NCIL
- Hillcote Trust
- Hoare Trustees
- Arman Nouri
- Chesire Community
- Arts Council England
Donations
- Individual and Corporate Donors
Deferred Grants brought forward
Deferred Grants carried forward
Support in Kind comprises
Rent and rates
Legal support		 Restricted
Unrestricted
Restricted Unrestricted
Funds
Funds
2022
Funds
Funds
2021
£
£
£
£
£
£
-
82,348
82,348
-
-
-
-
2,664
2,664
-
-
-
-
32,500
32,500
-
35,000
35,000
72,274
-
72,274
54,505
-
54,505
-
-
-
35,275
-
35,275
3,000
-
3,000
-
-
-
25,610
-
25,610
4,500
-
4,500
27,900
-
27,900
52,100
-
52,100
34,500
-
34,500
2,310
-
2,310
12,690
-
12,690
4,600
4,600
-
-
-
-
-
-
1,500
-
1,500
-
-
-
20,000
-
20,000
5,000
-
5,000
-
-
-
-
-
-
10,000
-
10,000
28,000
-
28,000
-
-
-
-
15,000
15,000
15,000
12,000
27,000
-
-
-
1,575
-
1,575
-
-
-
9,830
-
9,830
2,500
-
2,500
2,050
-
2,050
-
6,000
6,000
-
13,714
13,714
4,600
4,600
-
-
-
-
25,000
25,000
-
-
-
552
-
552
3,750
3,750
-
-
-
8,440
8,440
-
-
-
-
-
-
-
15,000
15,000
-
-
-
15,439
-
15,439
3,000
-
3,000
-
-
-
5,000
-
5,000
-
-
-
26,874
-
26,874
1,500
-
1,500
340
5,772
6,112
-
6,968
6,968
101,888
42,917
144,805
17,000
14,917
31,917
(70,950)
(2,917)
(73,867)
(101,888)
(42,917)
(144,805)		 Restricted
Unrestricted
Restricted Unrestricted
Funds
Funds
2022
Funds
Funds
2021
£
£
£
£
£
£
-
82,348
82,348
-
-
-
-
2,664
2,664
-
-
-
-
32,500
32,500
-
35,000
35,000
72,274
-
72,274
54,505
-
54,505
-
-
-
35,275
-
35,275
3,000
-
3,000
-
-
-
25,610
-
25,610
4,500
-
4,500
27,900
-
27,900
52,100
-
52,100
34,500
-
34,500
2,310
-
2,310
12,690
-
12,690
4,600
4,600
-
-
-
-
-
-
1,500
-
1,500
-
-
-
20,000
-
20,000
5,000
-
5,000
-
-
-
-
-
-
10,000
-
10,000
28,000
-
28,000
-
-
-
-
15,000
15,000
15,000
12,000
27,000
-
-
-
1,575
-
1,575
-
-
-
9,830
-
9,830
2,500
-
2,500
2,050
-
2,050
-
6,000
6,000
-
13,714
13,714
4,600
4,600
-
-
-
-
25,000
25,000
-
-
-
552
-
552
3,750
3,750
-
-
-
8,440
8,440
-
-
-
-
-
-
-
15,000
15,000
-
-
-
15,439
-
15,439
3,000
-
3,000
-
-
-
5,000
-
5,000
-
-
-
26,874
-
26,874
1,500
-
1,500
340
5,772
6,112
-
6,968
6,968
101,888
42,917
144,805
17,000
14,917
31,917
(70,950)
(2,917)
(73,867)
(101,888)
(42,917)
(144,805)
257,226
184,284		 441,510
183,038
79,682
262,720
82,348
2,664
85,012

Page 14

LEWISHAM YOUTH THEATRE LTD Notes to the Financial Statements For the Year Ended 31st August 2022

Deferred Grants brought forward
LB of Lewisham
Growth Builders
Additional restrictions
Main Grant
Hoare Trustees
Burberry Foundation
Foundation For SocGLA
Little Lives UK
Baring Foundation
People's Community Trust
My London
Trinity College
Children In Need
National Lottery Community Fund
Sumner Wilson Charitable Trust
Hillcote Trust
Deferred Grants carried forward
LB of Lewisham
Growth Builders
Additional Restrictions
Main Grant
NCIL
Greater London Authority
Culture At Risk
My London
Lee Charity of William Hattcliffe
Haberdashers Benevolent Fund
Hoare Trustees
Burberry Foundation
Foundation For SocGLA
Little Lives UK
Baring Foundation
National Lottery Community Fund
People's Community Trust
Hillcote Trust		 Restricted
Unrestricted
Restricted
Unrestricted
2022
2021
-
25,000
25,000
-
-
-
13,714
13,714
-
-
-
2,917
2,917
-
2,917
-
7,183
-
7,183
-
-
2,917
15,000
-
15,000
-
-
-
8,400
-
8,400
-
-
-
1,500
-
1,500
-
-
-
25,610
-
25,610
-
-
-
20,000
-
20,000
-
-
-
10,481
-
10,481
-
-
-
-
-
-
1,400
-
1,400
-
-
-
1,300
-
1,300
-
-
-
14,300
-
14,300
-
-
-
-
7,000
7,000
-
15,000
15,000
-
5,000
5,000
101,888
42,917
144,805
17,000
14,917
31,917
Restricted
Unrestricted
Restricted
Unrestricted
2022
2021
-
-
25,000
25,000
-
-
-
13,714
-
-
-
2,917
2,917
-
2,917
2,917
7,500
-
7,500
-
-
-
2,100
-
2,100
-
-
36,300
-
36,300
10,481
10,481
5,000
-
5,000
-
-
3,000
-
3,000
-
-
-
-
-
7,183
-
7,183
-
-
-
15,000
-
15,000
-
-
-
8,400
-
8,400
-
-
-
1,500
-
1,500
-
-
-
25,610
-
25,610
17,050
-
17,050
-
-
-
-
-
-
20,000
-
20,000
-
-
15,000
15,000
70,950
2,917
73,867
101,888
42,917
144,805

Page15

LEWISHAM YOUTH THEATRE LTD Notes to the Financial Statements For the Year Ended 31st August 2022

3 Charitable Activity Costs

Direct costs
Staff costs
Project Costs
Freelance Fees
Partnership payments
Theatre tickets
DBS Checks
Workshop Materials and Costs
Travel and subsistence
Theatre and space hire
Volunteer Expenses
Graduate Creatives Apprenticeships
Accreditation costs
Equipment and software
Support in Kind
Support costs
Accountant's fee
Legal expenses
Telephone, internet and postage
Documentation
Organisational Promotion and travel
Insurance
Subscriptions
Refreshments
Printing and Stationery
Bank fees
Light, power, heating and cleaning
Rent
Total 2022
AGM, Council of Management and Annual
Production Costs		 Governance
Total
Restricted
Unrestricted Restricted
Unrestricted
Costs
2022
£
£
£
£
£
£
900
11,925
187,691
20,570
2,345
223,431
-
-
29,429
-
-
29,429
-
-
2,391
-
-
2,391
-
-
623
-
-
623
-
-
437
10
-
447
-
-
452
-
-
452
-
-
847
-
-
847
-
-
1,353
-
-
1,353
-
-
611
-
-
611
-
-
107
-
-
107
-
-
7,850
-
-
7,850
-
-
150
-
-
150
-
-
939
336
-
1,275
-
85,012
-
-
-
85,012
-
-
-
-
1,900
1,900
-
-
351
555
235
1,141
-
-
-
-
13
13
-
-
1,683
417
-
2,100
-
-
768
-
-
768
4,039
-
1,234
433
-
5,706
-
-
237
1,569
-
1,806
-
-
1,522
518
-
2,040
-
-
20
18
-
38
-
-
1,495
-
-
1,495
-
38
47
-
-
85
1,375
-
13,299
457
-
15,131
-
-
-
425
-
425
Support Costs
Charitable Activity
6,314
96,975
253,536
25,308
4,493
386,626

Page 16

LEWISHAM YOUTH THEATRE LTD Notes to the Financial Statements For the Year Ended 31st August 2022

3 Charitable Activity Costs

2021 Comparatives
Direct costs
Staff costs
Project Costs
Freelance Fees
Production Costs
Partnership payments
Theatre tickets
DBS Checks
Workshop Materials and Costs
Travel and subsistence
Theatre and space hire
Volunteer Expenses
Accreditation costs
Equipment and software
Support costs
Accountant's fee
Legal expenses
Telephone, internet and postage
Organisational Promotion and travel
Insurance
Subscriptions
Refreshments
Printing and Stationery
Rent
Total 2021
4
Workshops and commissions
Sundry
5
Employees
Wages and Social security costs
Staff Pension costs
Employers NI
Freelance fees
AGM, Council of Management and
Annual report costs		 Restricted
Unrestricted Restricted Unrestricted
£
£
£
£
-
18,348
133,356
16,198
-
450
25,184
-
-
-
311
4,557
-
-
24,290
-
-
-
324
30
-
-
-
253
-
-
1,133
120
-
-
32
-
-
-
1,915
98
-
-
124
-
-
-
122
131
-
-
294
1,734
-
-
-
-
-
-
169
-
-
-
-
-
-
-
1,748
187
-
-
69
-
-
-
-
1,214
-
-
1,466
531
-
-
224
-
-
-
303
792
-
-
-
1,700
Support Costs
Charitable Activity
Costs		 Governance
Costs
Total
2021
£
£
4,740
172,642
-
25,634
-
4,868
-
24,290
-
354
-
253
-
1,253
-
32
200
2,213
-
124
-
253
-
2,028
1,800
1,800
473
642
13
13
-
1,935
-
69
-
1,214
-
1,997
-
224
-
1,095
-
1,700
-
18,798
191,064
27,545		 7,226
244,633
Restricted Unrestricted
Restricted
Funds
Funds
2022
Funds
£
£
£
£
-
400
400
-
-
-
-
1,781		 Unrestricted
Funds
2021
£
£
-
-
-
1,781
-
400
400
1,781		 -
1,781
2022
2021
£
£
207,215
158,353
Administration
4,162
3,628
Tutors
12,054
10,559
29,429
25,634
252,860
198,174		 2022
2021
No.
No.
2
2
8
4
10
6

No employee earned more than £60,000 during the year. (2021 none)

Page 17

LEWISHAM YOUTH THEATRE LTD

Notes to the Financial Statements For the Year Ended 31st August 2022

6 Tangible Fixed Assets

Cost at 1st September 2021
Additions in period
Cost at 31st August 2022
Depreciation at 1st September 2021
Charge for period
Depreciation at 31st August 2022
Written down value at 31st August 2022
Written down value at 31st August 2021
7
Debtors
Income receivable
Trade debtors
8
Creditors due within one year
Trade creditors
Deferred Grants
Tax and other Social Security
Accruals		 Computers
Total
£
£
1,059
1,059
-
-		 2021
£
1,200
-
1,059
1,059
1,059
1,059
-
-
1,059
1,059
-
-
-
-
2022
£
-
43,100
43,100
2022
£
31,343
73,867
-
6,382
111,592
1,200
2021
£
6,096
144,805
3,227
9,481
163,609

9 Reconciliation of Movement in Funds

Balance at
1st Balance at
September 31st August
2021 Income Expenditure Transfers 2022
£ £ £ £ £
Restricted Funds - 257,226 (259,850) 2,624 -
Unrestricted Funds - Designated 37,175 184,684 (126,776) (31,670) 63,413
- Reserves 70,865 89 - 29,046 100,000
_ _ _ _ _
108,040
_		 441,999
_		 (386,626)
_		 -
_		 163,413
_

The above funds comprise:

Reserves: these are monies representing approximately 4 months of overall budget costs in the 21-22 year, which can be used by the Trustees at their discretion for any purpose and which have not been designated by them previously.

Designated Fund: are monies the Trustees have allocated to projects moving forward, which will be released for use in the 2022/23 operational budgets

Transfer of any remaining funds between restricted and unrestricted general has been made following successful completion of projects to the satisfaction of funders in order to ensure the long-term sustainability of the charity.

Page 18

LEWISHAM YOUTH THEATRE LTD Notes to the Financial Statements For the Year Ended 31st August 2022

10 Analysis of Net Assets between Funds

Restricted Funds
Unrestricted Funds:
Designated
Reserves		 Net Current
Assets
Fixed Assets
Total 2022
Total 2021
£
£
£
£
-
-
-
-
63,413
-
63,413
37,175
100,000
-
100,000
70,865
163,413
-
163,413
108,040

11 TRUSTEES

No trustee received remuneration for services provided to, or reimbursement of expenses incurred on behalf of, the company while a trustee/director during the year.

No trustee resigned in the year and took paid employment with the company

Page 19