Equity Charitable Trust
Trustees, Annual Report & Financial Statements
Year ended 31 March 2023
Charity number 328103
Company number 02341733
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Contents
Page
Legal and Administrative Information
Report of the Trustees
Independent Auditors, Report
10-12
Statement of Financial Activities
13
Balance Sheet
14
Cashflow Statement
15
Notes forming part of the Financial Statements
16-27

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
Legal and admlnlstratlve Informatlon
Board of Trustees
Je3n Rogers Ichairl
13n Talbot (Co-vice Chairl
Christine Payne (Co-vice Chairl
Robin Brown&
Stephen Ross
Oliv&r Ford D3vies~
Sh31om Lee-Ramsbottom (appointed 13 April 20221
Stephen Nigel Gilchrist
William Cummings Thompson
Helen Louise Grang&r (appointed 13 April 20221
M3lcolm Sinclair
Tonia D3ley Campbell t (appointed 12 October 20221
Sh&nagh Gov3n t lappoint&d 12 October 20221
Rachael Fagan t (appointed 12 October 20221
David Johnt
Lizzie May Coop&r t lappoint&d 12 October 20221
Barbara Hyslop (resigned 13 April 20221
Annie Bright Iresigned 28 Sept&mb&r 20221
Martin Brown (resigned 23 April 20231
Bryn Alun Evans Iresigned 30 November 20221
Company Secretsry
Kaethe Cherney
Registered office
Plouviez House
19-20 H3tton Place
London ECIN 8RU
Charity number
328103
Company number
02341733
Solicitors
H3rbottle & Lewis LLP
H3nover House
14 Hanover Squ3re
London WIS IHP
Investment managers
Charles Stanley & Company Ltd
25 Luke Str&&t
London EC2A 4AR
Auditors
Nym3n Libson P3ul LLP
124 Finchley Ro3d
London NW3 SJS
Principal bankers
Unity Trust Bank plc
Nin& Brindleyplace
Birmingh3m Bl 2HB
These trustees retire by mtotion ond were re-elected on 13th October2021.
* These trustees were nominoted by The Equity Council to servefor o two yeorperiod as opproved by theAGM on 12th
October 2022
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone 020 7831 1926 Enquiries.. info@equitycharitabletrust.org.uk
www. equitycharitabletrust.org.uk

Equity Charitable Trust
Trustees. Annual Report and Financial Statements
for the Year Ended 31 March 2023
Report of the Trustees
The Trustee5 of the Equity Charitable Trust Ithe Trust) are pleased to present their annual report
together with the financial Statements for the year ended 31 March 2023 which are a150 prepared to
meet the requirements for a director5, report and account5 for Companie5 Act purp05e5. The
reference and administrative information set out in page I form5 part of thi5 report.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the
Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the second
edition Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective
l January 20191.
Objectives and activities
The principal activities of the charitable company at the present time are the provision of education
and welfare grant5 and also providing the services of a welfare rights and debt adviser for the benefit
of industry professionals.
The Welfare Right5 and Debt Adviser works on a part time basis only11 day per weekl but will as515t
any industry professional who 15 experiencing benefit or debt related problems either by phone or
face to face interview from the office based at Plouviez House. Since Covid thi5 has been provided
remotely.
The grants awarded under our education bursary system enable industry professionals either to
develop an alternative career or a second String career 50 that when they are not performing they
have another Source of income rather than relying on State Benefits. Once they have retrained thev
can then add something back into the community through their new careers e.g. teaching.
psychotherapy etc.
The Trust ha5 also provided support to professional theatre5 for the maintenance and promotion of
the performing arts as well a5 encouraging the employment of profe55ional performers. This activitv
has been less prominent in recent years because the Board has W15hed to concentrate on assisting
individua15 in need through retraining or welfare grants. Since Covid the focus ha5 been on welfare
grants.
The Trust regularly reviews its objectives to ensure that they remain relevant to helping those in most
need of asS15tance.
Public Benefit
The Trustee5 confirm that they have had regard to the Charity Commission's guidance on Public
Benefit in planning the charitV'5 aims, activitie5 and future plans.
Structurei governance and management
The Trust 15 a charitable company limited by guarantee, incorporated on 31 January 1989 and
registered as a charity on 21 February 1989, number 328103 under a Memorandum and Article5 of
Association.
The number of director5 Iwho act a5 trustees) shall be not les5 than 3 nor exceed 30. The Council of
Equity (the entertainment professionals, union) may nominate persons to be admitted to membership
of the charitable company to serve a5 director5 Ithe Council Members) for a period of 2 year5. Other
director5 are appointed from members of the company and one third of them shall retire at the
Annual General Meeting in every other year, but may be reappointed. New trustees are inducted and
provided with appropriate training.
Equity Charitable Trust, Plouwez House, 19-20 Hatton Place, London ECIN 8RU
Telephone.. 020 7831 1926 Enquirie5.' info@equitycharitabletrust.org.uk
www. equitycharitabletrust.org.uk

Equity Charitable Trust
Trustees. Annual Report and Financial Statements
for the Year Ended 31 March 2023
Report of the Trustees
Charity Governance Code
During the year, the trustees carried out a self-evaluation by benchmarking the Trust's activities
against the latest version of the Charity Governance Code to identify any areas for improvement. The
results of this exercise informed the charitV'5 ongoing governance review and implementation plans.
The Trust ha5 undertaken to meet its beneficiarie5' needs with compassion and respect. It speaks to
the other theatrical charities regularly, and often work together to help its clients get back on the
right foot. For instance, the Royal Variety Charity offers career coaching sessions, so the Trust referred
struggling performer5 to that service, or to the Actors Children's Trust if they fit their criteria.
The Trust Spreads The Combined Theatrical Charitie5 Appeal Council on its Social media platform5 and
has highlighted its education grants to those that have mentioned they're considering a career change
or need a second string. The Trust's Welfare Advi50r has helped people navigate the complexity of the
Benefit5 System, and has brought organi5ations such as Step Change to their attention if they're
struggling with debt.
The Board meet5 at least S times a year and it discusse5 the broad strategy and area5 of activity for
the Trust. It also review5 the inve5tment5 in line with the investment and reserve5 policies and holds
six monthly meeting5 Wlth the investment managers. The full Board meet5 at least twice a year.
The Board will also undertake periodic reviews of our investment manager5 and auditor5 in line with
best practice for charities. It also reviews the budget5 and risk management and undertake5 any other
administrative issues that may arise. The Education Sub Committee meet5 three or four times a year
to as5e55 new application5 for grants to provide training or retraining in line with the current criteria.
The Board also as5es5es applications for welfare grant5.
The day to day administration of the charitable company 15 the responsibility of the Secretary and the
Welfare Caseworker whilst a Finance Officer monitors the financial activities.
Any new trustees are invited to Spend time with the Finance Officer, Secretary and Welfare
Caseworker to become acquainted with the Trust and its objectives and activitie5, a5 well as receiving
information on their responsibilities as a member of the Board. All trustee5 give their time freely and
no trustee remuneration wa5 paid in the year. Trustees are required to disclose all relevant interests
and register them with the Secretary and in accordance with the Trusvs policy withdraw from
decision5 where a conflict of interest arises.
The Trust Is a member of the Combined Theatrical Charities Appeals Council, which undertakes a
fundraising appeal in professional theatres across the UK over two weeks in October under the
banner'Acting for Others,. The money raised is then distributed amongst the 15 members who
receive Sums that will be based upon their application to the Combined Theatrical Charities. As a
result of the pandemic, the Trust did not receive funding from the appeal in 202212312022.. £nill.
Instead, the Trust was awarded £35,00012022.. £75,0001 to augment its welfare grants programme.
The Trust does not generally fundraise in it5 own right and seek5 to continue its work through careful
management of its existing resources and the occasional donation.
Equity Charitable Trust, Plouwez House, 19-20 Hatton Place, London ECIN 8RU
Telephone.. 020 7831 1926 Enquirie5.' info@equitycharitabletrust.org.uk
www. equitycharitabletrust.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
Report of the Trustees
Risk management
The Trust has considered the major risks to which it is exposed and has reviewed these risks and
established systems and procedures to manage them. A risk assessment is conducted regularly to
review the major risks faced by the Trust and to ensure that the directors have a sound knowledge of
the charity and are in an informed position regarding its operations. The directors consider that one of
the major risks to which the charity is exposed- namely the maintenance of capital values and income
levels- is mitigated by delegating the management of the charity's investment portfolio to a firm of
investment managers. The directors monitor its performance on a regular basis.
John Fernald Award
This provides support to professional theatres for the training of new assistant directors. The Trust
incorporated this charity in 1998 and took over all aspects of the administration. There is one
committee meeting per year, usually in March. Two Board members serve on the committee together
with eight other representatives.
Grant making policy
The Trust operates its policy for grant making, in particular the delivery of welfare grants, in
accordance with a set of guidelines drawn up in accordance with Charity Commission
recommendations and the charIt￿S own constitution and which has then been approved by the
Board.
The Trust's priority is that of full transparency and accordingly the guidelines are published on its
website and accessible to all potential applicants. Their purpose is to ensure consistency in fairness to
applicants, so they know that broadly, performance professionals in similar circumstances will receive
similar consideration and amounts and to set the expertations of applicants. The procedures are also
designed to ensure that those making the decisions art fairly and are accountable and all decisions are
fully documented.
Welfare grants are usually one off payments but may be spread if paying for treatment received e.g.
psychotherapy sessions. Education grants may be paid over a period of up to 12 months dependent
upon the course undertaken. A requirement of each grant is that the applicant provides a copy of the
certificate, degree, etc at the end of the course. If a course is funded over a number of years, the
Students must reapply at the end of each year for the grant to be continued. Reports are also
requested so that the student's progress can be monitored.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
Report of the Trustees
Achievementsi performance and how our grant programmes deliver public benefit
We have referred to the Charity Commission's general guidance on public benefit when reviewing our
objectives and in planning our future activities. In particular, we have considered how planned
activities will contribute to the objectives that we have set. The directors are satisfied that the Trust
meets the Charity Commission's guidelines with regard to delivering public benefit.
In total, grants amounting to £597,80112022'. £596,439) were payable in the financial year ended 31
March 2023.
The effects of the Covid pandemic upon those working within the performing arts industry resulted in
the signif icant increase in welfare and other assistance grants payable. An anonymous CAF Donor gave
the Trust £50,00012022'. £250,000) to distribute to those individuals working within the industry
facing serious financial hardship.
The Trust received £35,00012022'. £75,000) grant funding from The Combined Theatrical Appeals
Council. This grant was designed to augment the Trust's existing welfare grants giving programme to
SUPPOrt the increased applications for financial assistance from those individuals facing severe
financial hardship caused by the pandemic.
Welfare..
The Covid pandemic and attendant lockdown resulted in many individuals facing serious financial
hardship as arts venues throughout the country were temporarily closed down. Without doubt, the
performing arts industry was massively impacted upon by the pandemic. While many venues have
reopened, the lingering impact will take some time to address. As a result, there remains many within
the industry struggling to manage with day to day costs such as home utility bills.
During the year, Welfare grants of £226,90912022.' £299,332) were allocated to 175 individuals
12022: 2841. These grants were awarded for various reasons including payment of household bills,
medical bills, convalescence care, mortgage arrears, bankruptcy fees, car repairs, new furniture and a
new boiler.
Education..
In the same period, £76,53012022'. £87,808) was allocated to 52 individuals12022: 521.
Theatre..
The Board awarded theatre grants to 2 institutions12022.' 31 totalling £18,00012022.' £20,000)
The John Fernald Award Committee did not make grant awards12022.' £Nill to any institutions12022'.
£Nill for the year ending 31 March 2023.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
Report of the Trustees
Financial review of the year
Total incoming resources for the year were £583,82212022'. £731,899) and total resources expended
were £770,074 12022.. £756,486). Net deficit for the year before recognised gains and losses was
£186,25212022.' £24,587 deficit). There was a net loss on investments of £516,534 compared with a
net loss the previous year of £153,147.
The Trust is reliant upon the income from its investments (including investment property). This was
£491,091 including the John Fernald Award12022: £401,902). Income was supplemented with a
number donations totalling £90,107. While there was no donation this year from The Combined
Theatrical Charities Appeal Council12022.' £Nill, they provided grant funding of £35,00012022'.
£75,000) towards the Trust's welfare grants disbursements programme.
The value of the Trust's listed investments showed an decrease in value from £10,981,342 to
£10,427,414 during the year. The value of the freehold property is £1,800,000 based upon a
professional valuation undertaken by Cluttons in March 2023. There being no impairment and bearing
in mind the planned maintenance programme, the trustees decided that the current valuation is
acceptable.
Plouviez House
The Trust's investment property, Plouviez House, was acquired in 2007. The building is mainly rented
to two charities at below market rents. Until July 2023 Ect staff also utilised space within the building.
They have since relocated to offices that are more fit for purpose. One of the tenants ceased physical
occupation of the building at the start of the Covid pandemic in 2020. The other utilises their space on
a two to three day a week basis.
Plouviez House is valued at £1.8 million. Due to the combination of below market rental income,
escalating maintenance costs and the stagnant market valuation of the property the Trustees initiated
a review as to the rationale for continued ownership of the building.
At an Extraordinary General Meeting of the Trustees on 31 October 2022 it was proposed and agreed
that Plouviez House should be marketed for sale. The proceeds of sale are to be re- invested in the
Trust's investment portfolio. The Trust has appointed the Ethical Property Foundation la charity) to
manage the sales process. We are in the early stages of that process. Real Estate Agents have been
invited to bid for the work.
If and when we receive a suitable offer the Trustees with convene an Extraordinary Meeting at which
the details of the offer will be considered and voted upon.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
Report of the Trustees
Investrnent policy and performance
The trustee5 have a general power of investment and have agreed to delegate the management of
available funds to an independent investment manager. The Trust avoids investments in arms and
tobacco manufacturers.
A medium risk investment strategy ha5 been adopted to provide income to finance the planned
programme of charitable expenditure and a degree of capital appreciation. The trustees have adopted
a total return policy, should the need for additional monie5 be required.
Reserves policy
The purpose of the Reserves Policy for Equity Charitable Trust is to ensure the stability of the rnission,
program5, ernployment, and ongoing operation5 of the organi5ation and to provide a source of internal
funds for organi5ational prioritie5 such a5 building repair and irnprovemerit. The Accumulated General
Fund as at 31 March 2023 was £12,489,80912022.. £13,054,909),. it enables Equity Charitable Trust to
maintain it5 grant giving capacity and ensures financial stability. The designated John Fernald Fund a5
at 31 March 2023 was £24,471 12022.. £23,7061,' it provides financial support to emerging theatre
directors. The designated Sinking Fund 85 at 31 March 2023 wa5 £8,21712022.. £7,826),. it repre5ent5
arnount5 set aside by Equity Charitable Trust to pay for long term repair5 to the building. The
Restricted Fund contain5 two donor amounts representing unspent grant5 provided to augment the
Trust's welfare grants prograrn. The £35,000 balance wa5 received from The Cornbined Theatrical
Appeals Council on 23rd March 2023 and was unspent at the year end. The anonymou5 CAF Donor
donated £50,(100 on 6th December 2022 and wa5 unspent at the year end. The Restricted Sinking
Fund as at 31st March 2023 wa5 £23,846 12022.. £21,987),. it represents amount5 received frorn
tenants which 15 set aside to pay for long term repair5 to the building.
Plans for the future
Most of Equity Charitable Trust'5 iricome derives from it5 listed inve5tmerits. Given the climate of
uncertainty brought about by Covid, long range forecast5 of stock market performance and its impact
upon dividend income ha5 been sought from it5 investment bank Charles Stanley. This will enable the
Trust to plan accordingly through to March 2025.
Going concern
On the ba515 of their as5es5ment of the Trust's financial position, and of the enquiries made by the
Director5 of Charle5 Stanley, the Tru5t'5 Director5 have reasonable expectation that the Trust will be
able to continue in operational existence for the foreseeable future. Thus the Director5 continue to
adopt the going coricerri ba515 of accounting in preparing the Financial Statement5.
Equity Charitable Trust, Plouvie2 House. 19-20 Hatton Place. London ECIN 8RU
TÈlephone 020 7831 1926 Enquiries .' info@equitycharitabletrust.org.uk
www. equitycharitablÈtrust.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
Report of the Trustees
Statement of Trustees, responsibilities
The trustees (who are also the dirertors of Equity Charitable Trust for the purposes of company lawl
are responsible for preparing a trustees, annual report and financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practicel.
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 as at the balance sheet date and of
its incoming resources and application of resources, including income and expenditure, for the
financial year. In preparing those financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistentlv;
observe the methods and principles in the Charities SORP IFRS 1021,.
make judgements and estimates that are reasonable and prudent,.
state whether applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements., and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the charitable company will continue on that basis.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charitable 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 charitable company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from legislation in
Statement as to disclosure to our auditors
In so far as the trustees are aware at the time of approving our trustees, annual report..
there is no relevant audit information, being information needed by the auditor in connection with
preparing their report, of which the charitable company's auditor is unaware,. and
the trustees, having made enquiries of fellow directors and the charitable company's auditor that
ought to have individually taken, have each taken all the steps that he or she ought to have taken as
a director in order to make himself or herself aware of any relevant audit information and to
establish that the auditor is aware of that information.
Auditors
Nyman Libson Paul LLP, Chartered Accountants, were appointed as auditors in November 2019 and
will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone 020 7831 1926 Enquirie5 .' info@equitycharitabletrust.org.uk
www. equitycharitsbletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
Report of the Trustees
Small companies note
In preparing this report, the directors have taken advantage of the small companies exemptions
provided by section 415A of the Companies Act 2006.
By order of the Board of Directors
Jean Rogers
Director
Approved by the Board of Directors on 26 July 2023
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Auditors, Report
for the Year Ended 31 March 2023
io
Opinion
We have audited the financial 5tatement5 of Equity Charitable Trust Ithe'charitable company'l for the
vear ended 31 March 2023 which comprise the Statement of Financial Activitie5, the Statement of
Financial P051tion, the Statement of Cash Flows and the related notes, including a summary of
significant accounting policies. The financial reporting framework that ha5 been applied in their
preparation is applicable law and United Kingdom Accounting Standard5, including Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, Iunited
Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statement5'.
give a true and fair view of the State of the charitable company'5 affair5 as at 31 March 2023
and of the charitable company's incoming resource5 and application of resources, including it5 income
and expenditure for the year then ended,.
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice,. and
have been prepared in accordance with the requirement5 of the Companies Act 2006 and the
Charitie5 Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standard5 on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those 5tandard5 are further described in the Auditor5,
respon5ibilitie5 for the audit of the financial statement5 Section of our report. We are independent of
the Charitable company in accordance with the ethical requirement5 that are relevant to our audit of
the financial Statements in the United Kingdom, including the Financial Reporting Council'5 Ethical
Standard, and we have fulfilled our other ethical re5ponsibilitie5 in accordance with these
requirement5. We believe that the audit evidence we have obtained 15 sufficient and appropriate to
provide a basis for our opinion.
Conclusions relating to going eoneern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern
ba515 of accounting in the preparation of the financial Statements 15 appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to
event5 or condition5 that, individually or collectively, may cast significant doubt on the charitable
company'5 ability to continue as a going concern for a period of at least twelve months from when the
financial statements are authorised for issue.
Our re5ponsibilitie5 and the responsibilities of the Trustee5 Wlth respect to going concern are described
in the relevant Sections of this report.
Other information
The Tru5tee5 are responsible for the other information. The other information comprise5 the
information included in the Annual report, other than the financial statements and our Auditor5, report
thereon. Our opinion on the financial Statements does not cover the other information and, except to
the extent othenNise explicitly stated in our report, we do not expre55 any form of assurance
conclusion thereon.
In connection with our audit of the fin3nci31 statement5, our responsibility 15 to read the other
information and, in doing so, consider whether the other information is materially incon515tent with the
financial statements or our knowledge obtained in the audit or otherwise appear5 to be materially
misstated. If we identify such material inconsi5tencie5 or apparent material misstatement5, we are
required to determine whether there is a material misstatement in the financial statements or a
material misstatement of the other information. If, based on the work we have performed, we
conclude that there is a material misstatement of this other information, we are required to report that
fact.
We have nothing to report in thi5 regard.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone.. 020 7831 1926 Enquiries.. info@equitych3ritabletrust.org.uk
www. equitycharitabletrust.org.uk

Equity Charitable Trust
Auditors, Report
for the Year Ended 31 March 2023
li
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
the information given in the Trustees, Annual Report for the financial year for which the financial
statements are prepared is consistent with the financial statements,. and
the Trustees, Annual Report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment
obtained in the course of the audit, we have not identified material misstatements in the strategic
report or the trustees, report.
the charitable company has not kept adequate accounting records have not been kept, or returns
adequate for our audit have not been received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of trustees, remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit,. or
the trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies exemption in preparing the trustees,
report.
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the
directors of the charitable company for the purposes of company lawl are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and
for such internal control as the Trustees determine is necessary to enable the preparation of financial
Statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the Trustees either intend to liquidate
the Charitable company or the parent charitable company or to cease operations, or have no realistic
alternative but to do so.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Auditors, Report
for the Year Ended 31 March 2023
12
Audltorfs responslbllltles for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the f1nancial statements as 3 whole
are free from material misstatement. whether due to fraud or error, and to issue an auditor's report
that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee
that an audit conducted in accordance with I5￿(uKI will always detert a material misstatement when
it exists. Misstatements can arise from fraud or error and are considered material if, individually or in
the aggregate, they could reasonably be expected to influence the economic decisions of users taken
on the basis of these financial statements.
Irregularities, including fraud, are instances of non compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above. to detect material misstatements in
respect of irregularities. including fraud. The extent to which our procedures are capable of deterting
irregu13rities, including fraud is detailed below..
We gained an understanding of the leg313nd regulatory framework applicable to the charitable
company and the industry in which it operates and considered the risk of atts by the company that
were contrary to applic3ble13ws and regulations, including fraud. We designed audit procedures to
respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is
higher than the risk of not detecting one resulting from error, as fraud may involve deliberate
concealment by. for example, forgery or intentional misrepresentations, or through collusion.
We focussed on1aws and regulations which could give rise to 3 material misstatement in the financial
statements, including, but not limited to, the Companies Art 2006 and the Charities Act 2011. Our tests
included agreeing the financial statement disclosures to underlying supporting documentation and
enquiries with management. There are inherent limitations in the audit procedures described above
and, the further removed non-compliance with laws and regulations is from the events and
transactions reflerted in the financial statements, the less likely we would become aware of it. We did
not identify any key audit matters relating to irregularities. including fraud. As in all our audits, we also
addressed the risk of management override of internal controls, including testingjournals and
evaluating whether there was evidence of bi3s by the trustees that represented 3 risk of materi31
misstatement due to fraud.
We also communicated relevant identified laws and regulations and potential fraud risks to all
engagement team members and remained alert to any indications of fraud or noncompliance with
laws and regulations throughout the audit.
A further description of our responsibilities for the audit of the financi31 statements is located on the
Financial Reporting Council's website at.. www.frc.org.uk/auditorsresponsibilities. This description
forms part of our Auditors. report.
Use of our report
This report is made solely to the charitable company's members, as 3 body, in accordance with Chapter
3 of Part 16 of the Companies Act 2006, and to the charitable company's trustees, as a body, Part 4 of
the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that
we might state to the charitable company's members those matters we are required to state to them
in an Auditors, report and for no other purpose. To the fullest extent permitted bylaw. we do not
accept or assume responsibility to anyone other than the charitable company and its members, as a
body, for our audit work, for this report, or for the opinions we have formed.
Jennlfer Pope. Senlor Statlrtory Audltor
For and on behalf of Nyman Llbson Paul LLP
124 Finchley Road
London
NW3 5JS
Date..
26 J
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone.. 020 7831 1926 Enquiries.. info@equitycharitabletrust.org.uk
www. equitycharitabletrust.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
13
Statement of Financial Artivities for the year ended 31 March 2023
(incorporating an income and expenditure account)
Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
Note5
Income:
Donation5 and legacie5
Charitable activities
5,107
85,000
90,107
327,547
Investrnent5
430,050
61,041
765
430,815
62,900
343,178
61,174
Rental income
1,859
Total incorne
496,198
87,624
583,822
731,899
Expenditure:
Raising Funds
Investrnent management
Property expenditure
37,395
38,068
37,395
38,068
36,487
42,174
Charitable activities
Grant5 payable
Grant related 5UPPOrt cost5
Welfare and bad debt advice
366,439
75,545
21,265
231,362
597,801
75,545
21,265
596,439
66,287
15,099
Total expenditure
538,712
231,362
770,074
756,486
Operating surpluslldeficitl before other
recognised gains znd1055es
142,5141
1143,7381
1186,2521
124,5871
Transfers between funds
15,6611
5,661
Other recognised gains znd1055es:
Gainslllossesl on listed investment5
Reali5ed gair15/llos5esl
Unreali5ed gains/llos5e51
Gainslllossesl on freehold property
Unreali5ed gairis/llos5e51
li
159,4711
1457,0631
159,4711
1457,0631
12,017
1165,1641
li
li
loo,000
Net movement in fund5 for the year
1564,7091
1138,0771
1702,7861
177,7341
Reconciliation of funds
Total fund5 brought forward
Total funds carried forward
15
13,062,735
12,498,026
271,394
133,317
13,334,129
12,631,343
13,411,863
13,334,129
The statement of financial activite5 include5 all gains and losses recognised in the year.
All income and expenditLJre derive from continuing activities.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
14
Balance Sheet as at 31 March 2023
Totsl
2023
Total
2022
Notes
Fixed assets
Freehold property
T3ngibl& assets
Investments..
io
1,8(M),000
1,800,000
io
List&d investments
li
10,362.578 10,966,737
12,162.579 12,766.738
Current assets
Debtors.. amount falling due within one year
Debtors.. amount falling due after more than one year
Cash at bank
13
166,354
5,940
466,502
638,796
166,306
6,180
630,272
802,758
13
Current liabilities
Creditors.. amounts falling due in one year
14
1170.0321
1235,3671
Net current assets
468.764
567.391
Totsl assets less current liabilities
12.631,343 13,334.129
Net assets
12.631.343 13.334.129
Funds
Unrestricted funds
Gener31 fund
15
12,489,809 13,054,909
8,217
7,826
133,317
271,394
Designated funds
Restricted funds
15
15
Totsl funds
12.631.343 13.334.129
These accounts have been prepared in 3ccord3nce with the provisions applic3ble to companies subject to the sm311 companies
r&gime.
The fin3ncial statements were 3pproved by the Board 3nd authorised for issue on 26 July 2023 and signed on its behalf bv..
Jean Rogers
Dir&ctor
Bill Thompson
Dir&ctor
Company number 02341733
The notes on pages 16 to 27 are an integral p3rt of the financi31 statements.
Equity Charitable Trust, Plouvi&z House, 19-20 Hatton Place. London ECIN 8RU
Telephone 020 7831 1926 Enquiries .' info@equitych3ritabletrust.org.uk
www. equitycharitabletrust.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
15
Cashflow Statement
Total
2023
Total
2022
C35h used in operating activitie5:
Net c85h provided by operating activitie5
1682,2101
1201,1691
Interest income
527
30
Dividend income
430,288
343,148
1729,5861 11,095,296)
817,211
931764
Purchase of investments
Proceed5 from Sale of investments
C35h provided by Iu5ed in) investing activitie5
518,440
179,646
Change in cash and cash equivalents in the reporting period
1163,7701
121,5231
Cash and cash eqLJivalent5 at the beginning of the year
630,272
651,795
Total cash and cash equivalents at the end of the year
466,502
630,272
Reconciliation of cash equivalents at the end of the year:
Cash at bank
401,666
64,836
466,502
615,667
14,605
630,272
Cash awaiting investment
Reconciliation of net incorne to net Cash flow frorn operating activities
Net expenditure for the reporting period
Deduct interest income shown in investing activities
Deduct dividend income shown in investing activities
Add back losses on investments
1702,7861
15261
1430,2881
516,534
192
177,7341
1311
1343,1481
53,147
14,1811
170,778
1201,1691
Decrease I lincreasel in debtors
IDecrea5el / increase in creditors
Net cash used in operating activities
165,3361
1682,2101
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
16
Notes forming part of the Financial Statements
l Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied
consistently in dealing with items considered material in relation to the financial statements.
General information
Equity Charitable Trust is a charitable company (registered number 023417331, limited by guarantee,
domiciled in England and Wales.
The registered office, charity and company number is as stated on page I
The charitable company's funrtional and presentational currency is Pound Sterling and rounded to the
nearest £1
Basis of accounting
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 second edition Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 1021 (effective l January 20191- (Charities SORP IFRS 10211 and the Companies Act 2006.
The company has applied all amendments to FRS 102, as set out in the Financial Reporting Council's
triennial review published in December 2017, and included in Update Bulletin 2 to the Charities SORP
IFRS 1021.
The charitable company 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.
Going concern
The charity meets its day to day working capital requirements from income generated by its
investment portfolio and from its investment propertv.
After reviewing the charity's forecasts and projections, at the time of approving these financial
statements, the trustees consider that adequate resources continue to be available to fund the
activities of the Trust for the next 12 months. The trustees therefore consider it appropriate to
continue to adopt the going concern basis in preparing the CharIt￿S financial statements.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone 020 7831 1926 Enquirie5 .' info@equitycharitabletrust.org.uk
www. equitycharitsbletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
17
Notes forming part of the Financial Statements
l Accounting Policies {continuedl
Fund accounting
Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available
for use at the discretion of the Board of Trustees in furtherance of the charitable objectives of the
charitable company.
Designated funds comprise unrestricted funds set aside by the trustees for specific future purposes or
projects.
Restricted funds comprise monies raised for, and their use restricted to, a specific purpose, or
donations subject to conditions imposed by the donor or through the terms of an appeal.
Income
Income is included in the Statement of Financial Activities when the charitable company is legally
entitled to the income, it is probable that the income will be received and the amount can be
quantified with reasonable accuracy. The following specific policies are applied to particular categories
of income..
Voluntary income, received by way of donations, legacies and grants, is included in full in the
Statement of Financial Activities when receivable. Investment income, bank interest, rent and service
charges receivable are fully accrued at the balance sheet date.
Expenditure
Expenditure is recognised on an accruals basis when a liability is incurred, as soon as there is a legal or
constructive obligation committing the charitable company to the expenditure. Expenditure includes
any VAT, which cannot be recovered, and is reported as part of the expenditure to which it relates.
Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its
activities. It includes both costs that can be allocated directly to such activities and those costs of an
indirect nature necessary to support them.
Grants payable are charged in the year when the offer is agreed by trustees except in those cases
where the offer is conditional, such awards being recognised as expenditure when the conditions
attaching to the grants are fulfilled. Grants offered subject to conditions that have not been met at the
year end are noted as a commitment, but not accrued as expenditure.
Governance costs include those costs primarily associated with meeting the constitutional and
statutory requirements of the charitable company and include the auditors, remuneration and legal
fees and costs linked to the charitable company's compliance with regulation and good practice.
All costs are allocated between the expenditure categories of the Statement of Financial Activities on
a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated
directly, others are apportioned on the basis of estimates of the proportion of time spent by staff on
those activities.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
18
Notes forming part of the Financial Statements
l Accounting Policies {continuedl
Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation.
Tangible fixed assets are depreciated at rates calculated to write off the cost of each asset over its
estimated useful life as follows..
Furniture and equipment lover £1,000 per item) 25% straight line basis
No depreciation has been charged on the property as it is considered that the residual value is at least
as great as the carrying value and any depreciation charge would be immaterial. The charity operates
a rolling repairs cycle to ensure that this policy continues to be appropriate.
Fixed asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction
value and subsequently measured at their fair value as at the balance sheet date using the fair value
for investment properties and closing quoted market price for other quoted investments. The
Statement of Financial Activities includes the net gains and losses arising on revaluation and disposals
throughout the year.
All gains and losses are taken to the Statement of Financial Activities as they arise. Realised gains and
losses on investments are calculated as the difference between sales proceeds and their opening
carrying value or their purchase value if acquired subsequent to the first day of the financial year.
Unrealised gains and losses are calculated as the difference between the fair value at the year-end and
their carrying value.
Financial instruments
The Trust only has financial assets and financial liabilities of a kind that qualify as basic f1nancial
instruments. Basic financial instruments are initially recognised at transartion value and subsequently
measured at their settlement value.
Pension costs
Contributions in respect of personal stakeholder pension schemes are charged to the statement of
f inancial activities for the year in which they are payable to the scheme.
Accounting estimates and key judgements
Estimates and judgements are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances. There are no estimates and assumptions that have a significant risk of causing a
material adjustment to the carrying amounts of assets and liabilities within the next financial year.
There were no critical judgements or estimation uncertainty in 2022-23
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
19
Notes forming part of the Financial Statements
Donations and1￿0cleS
2023
2022
The Combined Theatrical Charitie5 Appeals Council Irestrictedl
Anonymous CAF donations Irestrictedl
Other unrestricted donations
35,0
50,0
5,107
90.107
75,0
250,0
2,547
327.547
Of total income from donations and legacies £5,10712022.. £2,547) was unrestricted and E85,0￿{2022..
£325,￿0} was restricted.
An anonymous CAF Donor made a donation of £50,0￿ which was to be used to augment the welfare
grants. The Combined Theatrical Charities Appeals Council donation was to be used to augment the
welfare grants programme.
Investments
2023
2022
Dividends and interest receiveable from investments
430,288
527
430.815
343,148
30
343.178
Of total income from investments £430,05012022.. £342,587) was unrestricted and £76512022.. ££5911
was restricted.
Of total income from property £61,04112022.. £60,228) was unrestricted and £1,85912022.. £1,859) was
restricted.
Grants payable
2023
2022
Education & traininggrants to 52 individuals12022.. 521
Welfare & benevolence grant5 to 175 individua15 (2022.. 2841
76,530
226,909
45,0
18,0
231,362
597.801
87,808
299,332
90,0
20,0
99,299
596.439
Theatrical grants to 2 in5titution512022.. 31
Ener￿ grants to 134 individuals12022.. 651
Grants made to institutions comprise..
Dancers, Career Development
45,(
90,0
10,0
Traverse Theatre
Kings Head Theatre
Pleasance Theatre
BAPAM
5,0(N)
13,000
63.LK¥)
IiO.LKN)
Of total grants payable £366,43912022.. £497,140) were unrestricted and £231,36212022.. £99,299)
were restricted.
Equity Charitable Trust, Plouviez House. 19-20 Hatton Place, London ECIN SRU
Telephone.. 020 78311926 Enquiries.. info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.orE.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
20
Notes forming part of the Financial Statements
Reconciliation of grants payable
2023
2022
Commitments at l April 2022
203,618
44,071
Commitments made in the year
Grants cancelled and returned
Grants payable for the year
597,801
596,439
597,801
596,440
Grants paid during the year
Commitments at 31 March 2023
1663,3671
138,052
1436,8921
203,618
Commitments payable..
Within one year
138,052
203,618
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
21
Notes forming part of the Financial Statements
Office support
costs
Total costs
2023
Total expenditure
Dirett costs
Staff costs
Raising funds
Investment management
Investment property
37,395
19,200
37,395
38,068
8,355
10,513
Charitable activities
Grants payable
Grant related support costs
Welfare and bad debt advice
597,801
597,801
75,545
21,265
42,704
3,095
32,841
13,835
4,335
658,732
54,154
57,188
770,074
Office support
costs
Total costs
2022
Comparative analysis
Dirett costs
Staff costs
Raising funds
Investment management
Investment property
36,487
26,748
36,487
42,174
7,059
8,367
Charitable activities
Grants payable
Grant related support costs
Welfare and bad debt advice
596,439
596,439
66,287
15,100
40,896
4,220
25,391
10,879
659,674
52,175
44,637
756,486
Total costs
Total costs
Analysis of support costs
2023
2022
Professional fees
Audit fees
29,190
6,960
13,244
7,044
750
31,803
5,400
3,899
2,535
1,000
44,637
Copier, telephone and printing
Other administration costs
Advertising
57,188
Support costs are allocated on the basis of estimates of the proportion of time spent by staff on
those activities. The charity has had to consider the cost benefit of detailed calculations and record
keeping and cost allocations therefore include an element of judgement. The support costs shown
above are a best estimate of the costs which have been so allocated.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
22
Notes forming part of the Financial Statements
Governance costs
2023
2022
Governance costs include:
Staff costs
Other
Auditors remuneration:
Audit fee
12,532
10,588
3,527
6,960
4,478
5,400
23,970
19,515
Of total expenditure £538,71212022'.£657,1871 was unrestricted and £231,36212022'. £99,299) was
restricted.
Remuneration and reimbursement of expenses to Trustees
No Trustees received or waived any emoluments for their services during the year12022.' £Nill. 2
Trustees12022: £Nill were reimbursed £205 for directly incurred out of pocket travel expenses
during the year12022.' £Nill
Staff costs
2023
2022
Salaries
Social security costs
Pension costs
46,376
4,303
3,475
54,154
44,640
4,411
3,124
52,175
The number of employees whose emoluments as defined for taxation purposes amounted to over
£60,000 in the period was Nil12022'. Nill. The key management personnel are considered to be the
Management Committee. Remuneration for the year ended 31 March 2023 was £Nil12022'. £Nill
The average number of employees (who are part time, so no full time equivalent exists), analysed by
function was..
2023
2022
Grant makin& welfare and debt
advice
Governance and property managei
The charity makes payments to a stakeholder pension scheme in respect of one of its employees.
Contributions are charged to the Statement of Financial Activities as incurred. Pensions costs
charged in the year amounted to £2,00112022'. £1,904). There were no outstanding or proposed
contributions at the balance sheet date.
10 Tangible fixed assets
2023
2022
Freeholdproperty
Market value at l April 2022
Revaluation
Market value at 31 March 2023
1,800,000
1,700,000
loo,000
1,800,000
1,800,000
Historical cost representing
acquisition and refurbishment
expenditure
1,845,534
1,845,534
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
23
Notes forming part of the Financial Statements
10 Tangible fixed assets {continuedl
Freeholdproperty
Equity Charitable Trust is the registered proprietor of a freehold property, Plouviez House, part of
which is rented out with the remainder housing the administrative and registered office of the Trust
The property is defined as a mixed use property and the trustees have adopted the revaluation model
(alternative accounting rules) to revalue the property whose fair value can be measured reliably. The
property was last valued by formal valuation at £1,800,000 as at 31 March 2023 by Cluttons LLP,
Chartered Surveyors. The basis of the valuation is market value as defined by the RICS Valuation
Standards. The trustees consider that the current value does not differ materially from this valuation.
Furniture ond equipment
2023
2022
Net book value
At31 March 2023
At31 March 2022
11 Fixed asset investments
2023
2022
Listed investments
Market value at l April 2022
Additions at cost
Disposal proceeds
Realised investment gainslllossesl in the year
Unrealised investment gains/llossesl in the year
Market value at 31 March 2023
10,966,737
729,586
1817,2111
159,4711
1457,0631
10,362,578
10,956,352
1,095,296
1931,7641
12,017
1165,1641
10,966,737
Cash awaiting investment
64,836
10,427,414
14,605
10,981,342
Historical cost
6,082,641
6,082,641
Investments at market value comprise..
Equity shares UK
Equity shares overseas
Fixed interest securities UK
Property and alternative investments
6,940,912
2,537,178
711,288
173,200
10,362,578
7,871,250
2,056,077
786,410
253,000
10,966,737
12 Current asset: loan payable on demand
Included within debtors (Note 121 is the following amount:_
2023
2022
The Actors Professional Centre Limited
150,000
150,000
The loan due from The Actors Professional Centre is payable on demand and secured by a legal charge
over the leasehold property known as la Tower Street, London WC2H 9NP.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
24
Notes forming part of the Financial Statements
13 Debtors
2023
2022
The Actors Professional Centre Limited (Note 121
Loans due from beneficiaries
Investment income due from Charles Stanley
Prepaid expenditure and accrued income
150,000
5,940
13,475
2,879
172,294
150,000
6,180
14,292
2,014
172,486
Debtors include an amount of £5,94012022'. £6,180) in respect of loans due from beneficiaries falling
due after more than one year.
14 Creditors: amounts falling due within one year
2023
2022
Grant commitments (note 51
Accrued expenditure & income received in advance
Other tax & social security
Rent deposit
138,052
20,321
1,457
10,202
170,032
203,618
20,450
1,201
10,098
235,367
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
25
Notes forming part of the Financial Statements
Transfers
an(1 Other
recognised
gainsl
Ilossesl
Incoming
Resources
Resources
Expended
15 Funds
2022
2023
Restricte(I funds
John Fernald Award
Sinking Fund- Tenants
CAF anonymous Donor
The Combined Theatrical Appeals
Council
23,706
21,987
150,701
75,000
765
1,859
so,000
35,000
24,471
23,846
50,000
35,000
1231,3621
80,661
175,0001
271,394
87,624
1231,3621
5,661
133,317
Unrestricte(l Funds
Accumulated General Fund
13,054,909
495,807
1538,7121 1522,1951 12,489,809
Designated Funds- Sinking Fund
Charitv
7,826
391
8,217
13,062,735
496,198
1538,7121 1522,1951
12,498,026
Total funds
13,334,129
583,822
1770,0741 1516,5341
12,631,343
Comparative analysis..
Other
Incoming
Resources
Resources
Expended
recognised
gains
2021
2022
Restricte(I funds
John Fernald Award
Sinking Fund- Tenants
CAF anonymous Donor
The Combined Theatrical Appeals
Council
23,115
20,128
591
1,859
250,000
75,000
23,706
21,987
150,701
75,000
199,2991
43,243
327,450
199,2991
271,394
Unrestricte(l Funds
Accumulated General Fund
Designated Funds- Sinking Fund
Charitv
13,361,185
404,058
1657,1871
153,1471
13,054,909
7,435
391
7,826
13,368,620
404,449
1657,1871
153,1471
13,062,735
Total funds
13,411,863
731,899
1756,4861
153,1471
13,334,129
John FernoldAwt7rd
This Award within Restricted Funds represents monies raised in 1988 in honour of the late John Fernald for
the purpose of giving financial assistance to young directors to gain prartical experience of working in the
live theatre.
Sinking Fund
The charity is accumulating a sinking fund against irregular and major property expenditure. Within
Restricted Funds this represents monies collerted from the tenants of Plouviez House. Within Designated
sums this represents monies set aside by Equity Charitable Trust. This money will likely be spent around
2025-30, subject to 3 costed major repairs programme, as structur313nd other major repairs outside of
routine maintenance are likley to become due.
Equity Charitable Trust, Plouvi&z House, 19-20 Hatton Place. London ECIN 8RU
Telephone 020 7831 1926 Enquiries .' info@equitych3ritabletrust.org.uk
www. equitycharitabletrust.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
26
Notes forming part of the Financial Statements
16 Analysis of net assets between total funds
Unrestricted Restricted
funds
funds
Total
2023
Fund balances at 31 March 2023 are represented by:
Fixed assets including freehold property
Listed investments
Loans: amounts falling in due in more than one year
Cash at bankand in hand
Other net current liabilities
1,800,001
10,362,578
150,000
333,185
1147,7381
12,498,026
1,800,001
10,362,578
150,000
466,502
1147,7381
133,317 12,631,343
133,317
Comparative analysis:
Unrestricted Restricted
funds
funds
Total
2022
Fund balances at 31 March 2022 are represented by:
Fixed assets including freehold property
Listed investments
Loans: amounts falling in due in more than one year
Cash at bank and in hand
Other net current liabilities
1,800,001
10,966,737
150,000
358,878
1212,8811
13,062,735
1,800,001
10,966,737
150,000
630,272
1212,8811
271,394 13,334,129
271,394
17 Taxation
The Equity Charitable Trust is a registered charity and therefore is not liable to income tax or
corporation tax on income or gains derived from its charitable activities as they fall within the various
exemptions available to registered charities.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk

Equity Charitable Trust
Trustees, Annual Report and Financial Statements
for the Year Ended 31 March 2023
27
Notes forming part of the Financial Statements
18 Liability of members
The Equity Charitable Trust is constituted as a company limited by guarantee and has no share capital.
The liability of the members in the event of the company being wound up is limited to a sum not
exceeding £1 each.
19 Related party transactions
On 31 May 2017 Equity Charitable Trust entered into a 10 year rental and service charge lease with a 5 -
year break clause with The British Equity Collecting Society. One Trustee is involved with that
organisation. The annual lease rent is £40,000, the annual capped service charge is £13,200. The lease
was made on an arms length basis with the Trustee not involved in the decision making process. No
amounts were outstanding at the year end.
Equity Charitable Trust, Plouviez House, 19-20 Hatton Place, London ECIN 8RU
Telephone . 020 7831 1926 Enquirie5 .' info@equitycharitabletru5t.org.uk
www. equitycharitabletru5t.org.uk