Company registration nUm￿r. 02325776 Charity registration number. 800638 The Society of British Theatre Designers Limited (A company limited by guarantse) Annual Rewt and Finan(xal Slatements for the Year Ended 31 December 2023 Robert Hugh Limited 15, Dan-y-Bryn Avenue Radyr Cardiff CF15 8DD The Society of Britlsh Theatre Designers Limitod Contents Reference an(J Administrattve Details Trustees, Report 2to11 Statomont of Trustaos, R•sponsibilitios 13 IndeperKfent Examinerfs Report 14 Statement of Financial Activities 15to16 Balance Sheet 17 Notes to the Financial Statements 18to29 The Society of British Theatre Designers Limlted Reference and Administrative Detalls Tru5ts85 Dr G A Crawley Mrs N Shaw Ms K Bumett Mr D Fafley Socrotary? treasurer and book-keopor Mrs N Shaw, C(>Secretary/￿Trea$Urer Mr D Farley, CfrsecretarylC￿TreasUrer Mr M Ball (Crealive Juice), Book-keeper Rogistored Ollk• Departrnent of Theatre Design Royal Welsh College of Music and Drdma Castle Grounds Cardiff CFIO 3ER The charity 18 incorporated in England and Wales. Company R•gi8tratlon Numb•r 02325776 Charity R•gistration Number 800638 Indopendant Examiner Robart Hugh Limited 15. Dan-y4ryn Averwe Radyr Cardiff CF15 8DD Page I The Society of Brftlsh Theatre Deslgners Llmited Trustees. Report The trustees, who are dlrectors for the purposes of company law, present the annual report together with the financial 8tstements and auditor3. report of the charitable company for the year ended 31 De￿rnber 2023. This r8POrt is the twenty-eighth sine8 the Society activated its charitabl8 Status. the thity-fifth of th8 charitable company and the forty-eighth Sin￿ the Societys inception. It covers the period 1 January to 31 December 2023. Since the Soctety qualffies as small urthr section 383. th8 strategic report, rEquired of medium and large companies under The CL￿panIeS Act 2006 (Strategic Report and Directorfs Report) Regulations 2013. is not required. Objectives arKI NAivibos Policies and Obioctiv•s The Society of British Theatre Designers Limtted is registered as a charity, being a non-profft distributing Company limited by Guarantee of its Members. tt is govemed by its Memorandum and Articles of Association. The objects for which the Company is registered are to advanc* education by the encouragement and promotion of the Art of Theatre Design in the Brilish Isles and Commonwealth and elsewhere by British designers arKI designers working in the British theatre. Activltlos for Achl•vlng Objoetlv The ¢)bjeGtives of the Gharity are achieved Path￿arlY by the provision of education inforniatton and advice relating to theatre design. the exhibition of designs and theatrical material. researth into the origination, design and use of theatri￿1 equipment, facilities and methods and the publication of literary matsrial and illustrdtions dèriv8d th8r8 from. (ArtTd8 38 Memorandurn of Association, 1988) Maln Acthiltlos undertakon to further the Charws Purposes for the Publlc Bon•fit The directors have had due regaNI to The Charity Commission guidanc*J on publiG benefft and are content that the charitys activtlies provKle a public ben8fiL Achievements and PerfomRnce 1 January- 31 December 2023 Review Of Activits Administration Subscrfptlons: subscrip11￿5 for 2023 were held aL' £125 for Professional Plus membership (which i￿lL￿eS Public Liabilty a￿1 Product LFabilty Insurance Cover and Employers, Liabilty ar#J Professional Indemnty Cover); £78 for Professtonal membership (which includos Public Liabilty and Product Liabilty Insurance Cover); £48 for Naw Professional membership. applicable for 3 yBars after graduation (formerly named Graduats membership) and from 12 June 2023 introduced a new offer to New Professional membership for the fir￿ year after graduating to b8 £20. we began the yèar with £25 for Student mernberslNp and later changed to offer free rnembership to students; £25 for Retired and UK Associates and £35 for Intematiorkql Assoctates. £200 for Organi8ational member8hip (which indudes up to 3 affiliated named member8). A new offer was made to Linbury Prize winners giviryJ free mwnbership for 1 year. Page 2 The Society of British Theatre Designers Limited TTh￿eeS. Report ,,Databa80 and IAemboYship: The Sooety manages tts membership and database iTrhouse allowiNJ 'for direct communication and financial efficiency in these A￿3. Member3hip in December 2023: Professional Plus = 21 (up 10 from 2022); Professional - 245 (down 10 from 2022); New Professional and First year Graduates = 30 & 29 (down 1 from 2022 - this number includes the 12 Linbury prize finalists). Student = 100 (up 71 from 2022); Assocrate = 17 (remains the same as 2022); Intemational Associate = 9 (down I from 2022); Retired = 8 (down 8 from 2022) and Organlsations = 14 (up 5 from 2022). Total membership for December 2023 was 473 (up 66 from 407 in 2022). Organisations: Middlesex Universty. Royal Central Sch(y)l of Speech and Drama. Royal Welsh College of Muslc and Drama; Unlver5ty for the Creallve Arts; UnIver￿ty of Wales - Trlnlty St ￿￿Id. Rose Bruford: Wimbledon College of Art Northem sdKX￿ of ATL Bristol Old Vic Theatre SchtJ)I: Nottingham Trent Unlversty. Central St Martins". London College of Fashion: University of Leeds - School of PerfomianL* and Culture and Arts University PIyTnouth. Adminlstration: The da*ttrtsy administration and other projects were managed by Directors Nicky Shaw and David Farley in liaison with Administrator. Kirsten Fartey. The registered address of the SBTD continues to be The Royal Welsh College of Music arKI Draffla, Cardiff who continue to provide generous support in the fom of space. postage and stationery. Financlal Management. Nicky shaw and Davrd Farfey ct)ntinue as Co Hon. Treasurers and Company Secretaries with additional support from Administrator, lfjrstsn Farley and independent bookkeeper Martin Ball. Creative Juice. Commlttee Meetlngs: The Society hekl 4 Committee Meetiros through 2023 all (x>chair8d by Nicky Shaw a￿1 DavKI Farley. CM1: Friday 17 March 2023, 10.30am - 12pm via zwm. CM2: Thursday 18 May 2023. 6pm - 7.30pm. CM3: Tuesday 19 September 2023. 7.30pm - 9pm via zoom. CM4: Saturday 9 December 2023, - 5.30pm In person at tha National Theatre Cottesloe RLK)m and via z(K)m. Dlradorsg M•otin￿. Aro arr￿ arKI hold infomwlty at 188St twic* a yw. but often more frequently (as in 2023). These meetings are held via zoom arml no m(nutes are taken. Annual General Meetlng: The Societys AGM took place on Saturday, 9 December 2023, 8t 5.45pm - 7pm", both in person, in tre Cottesloe Room at the National Theatre, via Zoom. Kate Bumett stood down as a Directorifrustee. David Farley proposed Kate Burnett for rekneleotion: Seconded by Andreas Skourbs. Designetrs Drfnks w8re hekl after the AGM on 9 December 2023 in the Understudy Bar at the National Theatre. Page 3 The Society of Brftlsh Deslgners Limited T￿￿. Report Industy Llalson Meatlngs: APPTLE: The Atliance of Associations al￿ Professiorkqls in Theatre & Live Events - (started in June 2020 as a response to the Covid-19 pandemic and ts effecl on the creative industries), continued in 2023 (monthly me8tings). sharing information with other professlonal associatiorns: ALPD. ASD. Stag Managers Association. Costume In Theatre Ass￿l8110n, Prcyjuction Mark2gers Forum and a number of rElevant Gampaignlng groups and organlsatlons SUGh as SceneGhatwJe. Stage Slght and Parents and Carers in the Perfomiing Arts (PIPA). Attending in various Combinatio￿ reprgsenting SBTD werg primarily David Farley. but also Nicky Shaw, Katie Scott arKI LoLHe Whilemore. Crtho Industries Federalion: SBTD ￿ntInUed lis links. quity:Commiitee hAernber Louie Whiiemore continued ￿ the Equity Dire(*ors and Designor5 Committee (D+D) in 2023 and as Equty Council representative for designers, sharin9 information directly with SBTD. Open meetings Wdre attended and run as part of Louie's role on the ￿UncIl. There were many meetings wth Equty to work the renegotiation of the UK Theatre and SOLT Agreements for designers. Collaboration continued with Equty on what insurances and membw b￿Qfits Equity MeMbe￿h1P should provid8 for d8sign8r Exhlbitlon Programm•: hollo stranger SBTD Nallonal Exhibiti¢)n of UK Perfornwn￿ Dosign 2023 Curated by Katherine Sandys and Lucy ThometL directing and supporting regional Curato￿ and designer team8 making up the hello 8traryir fe8tival' editing the accompanying catalogues and curating the UK ExhibltEon as part of the 15th Prague Quadrennial of Performance Design and Space in 2023. The Natror)al Exhibttton of UK PerforrrRnce Design 2023 Festival was held from the IxgTnning of 2023 over several months (with each county or region having their own time frame and specffic event dates), leading up to the Prngue QU￿ArennIa1. The 15th Prague Quadrennial of Performance Design and Space (PQ) took pla￿ between 8th arKI 18th June 2023. During this time PQ exhibition spaces and festival venues attracagd npaty 11,000 acerodit•d visitors or ono4ay ticket holdars. The purpose of ts ho110 stranger UK festival was to ￿ntr0 the voi(xs of designers and to emphasise opportuniiies for gathering, sharing and socialislng. ft was led by a network of UK-based perfomance designers, curating public facing events. hosted by venu8 partners. with support from higher education collaborators acr066 thirteen regions nationwide from all 4 Countries of the UK. The designer-curator5 were tasked with activating public spaces within local theatres and other cultural institutions through events that took stock of Ihe four years of perfonTk8nce design in the UK 2019-2023. and posed questions about where we are headed. These events centred sustsinabilty. with purpose-built event and exhibilion sp￿S (Yeated from r&daimed and rfrpurposed materials: The ho110 stranger Exhibttion Festival was funded from c%)r8 funds arKI with generous support from the Linbury Trust, with additional contribubons from indtvidual designers, also from the ALPD (The Ass(Kiation for Lighling Production and Design) and from the ASD (Association of Sound Designers). In addition to the festival a Ihrewart serf8s of catslogues wa8 planned. of whith Parts 1 and 2 were published in 2023. Pag8 4 The Soclety of British Theatre Designers Limited Trustees. Report hello strangor catslogue Part 1: was curated to chronide the diverde ways in which perfonnar design has been realised in and beyond the UK from 2019 to 2023. hello stranger tho festlval cataloguo Part 2: do(yJments the actiifjty of each region and country through Images. curdtorial concepts and r8flections from some of the deSIgner￿urstorS. Th8 festival induded workshops, rouryj-tsble discussions, exhibitions of artefacts, dISpla￿ of design pro￿sS, parddes, deslgn Jarnmlng. Interventions. rthtking evenis, p8nel discussions and Q&A Sessions. hello strangor Festival CountriaslRegions. Vanuos and Hlgher education partners: hello strang•r East Mldlands - Venues: Nottingham Playhouse & Theatre. Higher education partners: Unlver51ty of Derby arxl Nottiruham Ttent Universily. A colle￿1ve[Y made 3rtefa(#ld￿elIIng was ueated and open to the pUbr￿. inviting them to wÈter the Installation and listen to the vol￿S of ktsl de&gn8rs. Date - 24 January 202&. On Derby Theatre's Main Stage a ￿yfUl workshop was held lo dlscuss d8signers' work and the future of perfomwnc8 design in the region. Dates - 6-18 March 2023: Deaignern, work displa>￿ as part of a video, shOv￿1ng East Midlands performance design at Nottingham Playhouse. Data - 16 March 202&. Nottingham pla￿Se Ib)sted a drink, talks. a vi(kn showcAsing regional designers, work, a cx)ntribution to our perfomiance desigrHnanifestO-gen8rdting. hello stranger Nwth Vlest . Venuas: LIVOrp￿1 Institirte for the Pertomiing Arts: The Yard, Manchester. Theatre by ts Lake. Keswick Higher ad￿tiC￿ pathr. LiveTpooI InstitLrte the Performlng Arts. The North West festival (xjnsisted of a tourirwJ designers, Sh￿ inslallalion arKI a series of workshops, led by the region's designers. Date - 3 March 2023.. North West design allotment a c£Jnversation at Liver￿>01 Institute of PerForniing Arts. Scotland - Venue and higher educatsn partner. Edinburgh CoElege of Art (ECA). hello stranger Scotland was a tW￿daY collabordtive event held for theatre designers, praclitioners. atudents and eaty stsgo c*reor designers y￿￿(1ng in Scotland. Costumes We￿ donatod by a number of UK theatres, they were then labelled wilh production, character, year arvj designets, nam6S, emphasising the hlstory and Ilfe of each piece. They were then drawn. ￿)M and examlned by ECA perfOrn￿n￿ costume students. then susperKl8d. tied and pla￿d across the width and depth of tt Sculpture Court at ECA. Recyded items were re(x)nstructed to make new physical connections within a constantly changlng space. A deslgner from Curiou5 Seed was asked to gaiher tcryether perforrner3 and muslcians. and invited them to respond within the space through movement and sound. Date - 25 February 2023.. the first official hollo gtrang•r event in Edinburgh. hello stranger Yorkshir• - Venue: Leeds Pla￿OUse. Higher education partner: University of Huddersfield. An exhibition was made that off8r8d th8 public a window into the way th8 cJeativ8 cxjmmunty responded to the challenges of making live performan(2s from 2019 to 21Y23 and ￿lebrated the invenlive ilwiiuty that is ￿ntral to the pracaice of de￿9n￿5. Pag8 5 The Society of British Theatre Designers Limited Tn￿te0s. Report Date- 24 March 2023.. Inwrtant (x)nversatiorfj held about the arts in Yorkshir8 hollo strangor East of England - Venue: Mercury Theatre. Colchester An exhibilion of regional designers, work along with a programm8 of events and workshops were held that exposed the often hidden design process. Celebrating the work of the performance designe￿ for en audience of the gener81 public and invited group3 from ts Mercury Theatre'8 extensive partner n8twort(. hallo strangar WaI￿lCyMrU - V8nu8s: National Thaatre Wales, Sherman Theatre, Porterfs. The Other Room, Capital Centre. Royal Arcade. Morgan Arcade, Chapter Arts Centre. Higher edu(ation partner: Royal WeLsh Collrye of Music arvj Drama. UtilisiThJ empty shop fronts across Cardiff aty centre, Wales's exhibthon was a celebration of creativÈty pl8c£d in th8 8veryday paths of thousands of Kwple. As-W811-as 8 s8riès of 8vènts that providad a platform for key exchanges relevant to the arts in Wales. h8110 stranger South W88t - Venue: Bristol Old Vic Theatre. Higher education partner. Bristol Old Vic Theatre School. Open to the public. the event at Bristol Old Wic Theatre in March 2023 comprised an exhibition of work from South West based designers that explored the impaci of the Covid-19 pandemic. Representing range of shows that were etther txrt strK)rt. or never realised. as well as the hybrid projects that incorporated streanwng and online perfor￿￿nces, showing the resilien￿ of the performance industry. hello stranyr South L¢Jndon- Venue& The Albany and Depttord Lounge. Higher education partner. Rose Br￿f(￿d College. The Swth LorKlon festival a series of exploratory ￿kshOpS arKI an installalion at Deplford Lounge. The WOTkshops were a pla(x for d8signeT5 from all dis(#plines in live perfomiance to discuss their artislic interests and imagine new ways of working: using concepts around the trans gaze, queer ltnagiT￿tleaTly PerfonY*n(* Festival. MA fashion curation and Gulknral programming students from the London College of Fashion developed three intsNentions and the West LorKlon curator a fourth. Under the festNal's broad theme of 'voice', the inteNentions celebrated the Vol￿ of costume designers through offering interactive and contemplativo experiences that cwtivety explored costume design. In 'Dlalogues In Costume Deslgn, visltor5 to the Globe area of the V&A &xperienc8d a multi4en80ry sound, screen and costume installation and an in4epth &xamination of the English National Opera's (ENO) 2021 production of La Boheme. In 'lmmersive Costume,, visitors could pid( costumes from various shows to wear in a reaktime virtual realty environmerrt aThJ unearth tJ)stume as a identifier in perft>mwnce from intemal (perft>rn￿) ar)d extemal (viewer) perspectives. 'Lost Voices, brought to life the 2019 ￿-prOductIon of Hans81 and Gretal from ENO and Regenfs Park Open Air Theatre ar¥J the designer of ENO Breathe led an open, brea￿fOCUSed wamiwup, whilst visitors to the museum sketched as live opera singers perforn￿d selected OP8fd arias and later a cA)stume d&sign workshop. In 'Page to Stage and Song, vi8itor8 investigated the prooess and skills invol￿d in designing and making costumes for The Handmald's Tale (ENO) 2022) thr￿h the work arKI words of the c(Etume designer. South Ea8t - Venue: The Margate S(*ool: Highw ￿luCatiOn parther. Universty of Kent and additional in-kind suP￿rt from Not11￿jharn Trwrt Universty. The South East exhibition and M>Tkshop series ftXX￿ed on Ihe design process. By pkcing the exhibition at The Margate School (an 8th1￿1 arKI alternative art school): located in an okl Woolworths on the High Street in Margate, the aim vrds to illustrate the design pr￿sS to the local comrnunty as they passed by. Visitors to the exhibition experienced the fabulous range of local perfomance design on show, not only through objects displayed in the wiThJow and througtM)ut the space, but also through workshops on set and cxjstume design. The event induded a panel discussion with ￿ntrIbutIonS from local designers, perfomiers and makers, foeused on the Current destgn landscape, post pandemlc and in a climats and financial crisis. Beyond UK - Higher education partner. Backstage Ac4demy. Dato - 19 April 2023: Launch of first ov•nL BeyorKI UK vra6 a viriual gr(￿P exhibTlion that ShoW(a￿l the woth of designers who beyond the borders of the UK: Internati￿al designers working in the UK, designers trained in the UK and British Designers workiNJ outside the UK The ￿r)rk of ttrM)se designers was digitised. modelled and rendered, creating a Sl￿Inable digital archive. Consisting of digital s(%nography maquettes of productions that had been perfOrn￿l over the 2019 to 2023 periL¥J, making use of a range of (figital resources, including 3D PhOtOps￿nn1ng. 3D modelling and renden.ng sofiware. The 3D digrtised s(*nogr8phy was (x)nverted into AR models allowing visitors to 8xplor8 th8 designs in cont8xi using an app. 29 April 2023 was the18St event for ￿ hello strangor UK festival of perfonmance design at the V& There was a long artidelrevi8w of hollo stranger at PQ2023 in the Guardian. Page 7 The Society of British Theatre Designers Llmited Trustees. Report SBTD Events In 2023: Graduate Exhibltions: A number of Grddate Shows were attended ty Direclor8 and Committee Members. Graduate M•mbor Show Cas•: We celebrated a number of GradL￿ts Members work vta our social media Ghannels. AB￿ Show: SBTD were represented at the AB￿ Show, Alexandre Palace on 7 & 8 June 2023. engaging with potential members. incrwdirKJ ow industy profile and selling exhibition catalLYJues. SBTD summor Talks: The￿ were rK> S￿nMer Talkn hold in 202& 148parnliorn were made at the end of 2023 for tslks to be hekl in 2024. Mombors Trdlnlng: There were r#) speafic training events in 2023. SBTD Working Group Adivltlos: SBTD Sustsinablllty Worklng Group: MeetiNJs fof SBTD member5 and allies are held online approximately once every two months. often with a guest speaker. The email group is 81 people. induding allies. The subgroups and the Organisers group are SBTD members only, apart from some guests invited to ￿ntrIbute to the Matsrials GuKIe. Organisers group: Paul Burges5 '{x￿rdInatorf (a150 cart￿￿ LtteraGy TTrining arml Materials subgroE4)); J&ss Curtis; Ruth Stringer. Alison N￿ghbOUr (leads the Carbon LFteracy Trdining subgroup): Hamis Muir Oeads the material subgroup): Simon Daw (materials subgroup), Andrea Carr (Cart)on Litwacy Training subgn)up) and Will Reyrnlds (also Cart)on Lsteraw Training subgroup). Also acttve: Hannah Schmidt. N8dia Malik, Sarah Booth 8fKI Will Hargreaves (connecting the ￿￿TkIng group to PDEC). Paul represented the working group at the Intemational Green Tools and Guides Meet-up and at events, including Making Theatre in a Time of Climate Crtsis at the National Theatre. Carbon Literacy Training was piloted at the National Theatre on the 5th of April, 2023, and rolled out publically in June. Carbon Literacy Training for Theatre Dgsignors. Directors. and Creative Workshop teams: Pilo( National Theatre on 5 April 2034- Pal￿ Burgess and Alison Neighb(wr Lonthn. Albany Theatre on 20 June 2023 - Paul BUr￿S aThJ Wil Rèynolds Kent. Folkestone Quarterhouse on 31 AUg￿8t 2023- Alison Neigtthur and Sarah BcM)th Wales. Nats"onal Theatre wales 15 Septsmber 2023 - Ruth stringer and Alison Neighbour SBTD Montorfng Group: The Mentoring Group was less active in 2023 with group leaders Christianna Mason and Nicky Shaw having small catch up meetings. Nicky Shaw offered irKlividual mentorir¥J sessions to a few SBTD members. Page 8 The Society of British Theatre Designers Limited Trustees. Report Othor Activitios: Webslte: The Societys website - WWW.theatrede_sign.o is the publicrfacing platFonn for the Society, providing infonnation on education and tsaining, galleries of mernbers, work and profiling key 8reas of activity such as exhibitions and catalogues. Mainten8nc8 (*rried out by David F8rl8y Staging PlaGes Websito: Made as part of the 2019 sts91￿4 Plac&8 exhibltion arKI maintained as publicly available digitsl record. Blog Publications: Hosted on the SBTD website. pr(Mnoted via SCKxal m￿118 (FB. Insts and Twitter.) Blu• Pagos: Blue Pages has been the Sodetys Jwmal. publlsNng artickn by artlsts. ￿TatOrS and designers as well as reviews of exhibilions aThJ publtcati(x)s. No print or digital issues knpre created In 2023. An archive of back4ssues is hosted on Ihe website, in ts members area. SBTD Nows: In 2023 ts sow offered a regular monthly evmail newsletter ￿)mplIed and laid out by our administrator. lfjrstsn Farfey. delÈvered via Mailchimp to Members. This is part of the ￿re offer to Members. Commencing with a greeting, a monthFy description of the societys activiti6s, upcoming events to look out for, from both within the Soo'ety and also the wÉder theatre community, it offers a p18CA to c£l8brate members achievements. careers and lives. Further mailouts W8re sent with sp8ci81 news and events as required. Soclal Modla.. The Societys open Facebook group continues to 8Ct as a forum for questions. recommendations, resource-sharÉng. prorrrf)ting SBTD events ar￿ sharing artides of interest Y￿th over 3000 members. A d¢)8￿ FaceTryx)k group, set up 8$ a Members. Forum. now acts as 8 more focused think tank for sharing and engaging wÈth more detailed advocary acbvity around oxrtracts. fees and proposed changes to the UK Theatre and SOLT collective agreem8nts. Th¥itter and Instagram". Sooal media output has been delivered by the Communi(xlions (Cornms) team; speafically David Farley. Slack: In 2023 Slad( Goased to be used as a mearw of rryular (xJmtnuni(xlion as w￿11¥ arp usFd more frequently. Skillscano: Through its continued involvement with Skillscene the Society contributes (alongsid8 other industy bodies such as ABTT. ALPD, UK Theatre. SMA. BECTU and PLASA) to the ongoing debate about standards and provision of training and eduixtion in technical theatre. lan Teague represents the Society at SkillSce￿ meetings. Int•mational Unks: OISTAT: Internalional OrganiSa￿on of Scenographers. Theatre Architects arKI TethnSciarks. SBTD is one of tffi) OISTAT centres tr the UK other being the ABrr (Assowtion of British Theatre Technicians). In June 2023 018TAT ￿ld ris small Congress and all Commission meetings In Prague durirKJ the PQ. Kate Bumett was the voting representative for the SBTD at the relevant elections and debates. Roles repres8nting the SBTD in OISTAT were filled by SBTD Committee Members". Fiona Watt as UK Perft)rmance Design Commissioner, Elizabeth Wright as Publication and Communication Commi55ioner; Peter Ruthven Hall ￿l￿tinUeS as AnthiteGiurn Comrni55ioner UK ar￿ Chair of the Commission: Kate Bumett stood down on cxmnpletion of her full twm as Chair of the Restsrch Commission: Aby Cohen ¢￿tInueS as Presidant of OISTAT. Page 9 The Soclety of British Theatre Dosigners Limited D 2025: Wortd Slage Design 2025 In February 2023 an initial planning rneeling was held by OISTAT in Sharhah, UAE with The Shafjah Perfomiing Arts Academy and local partners are hosting the 2025 World Stsge Design exhibition and festival (an OISTAT quadrennial cy)Ilalx)r8tiv8 event). It was 8tt8ndod by K8t8 Bumett in her rol8 as Chair of the OISTAT Research Commission and member of the OISTAT Goveming Board. SBTD m8mber5 Aby Cohen and Crowley also attend8d In thelr OISTAT Presldent and Executlve Council capacities. Financial Rovi Golng co[￿M After making appropriate enquiries, the trustees have a reasonable exp￿ti￿ that the Society has adequate resourc£s to cxjntinue in operational existenc£ for the foreseeable future. For thls reason. they continue to adopt the going ￿)nCern basis in preparing the financial statsments. Further details regarding the adoption of the going ￿nc*M basis can be found in the A(￿untIng Poliu8S. Principal Risks and Uncertaintios The board continues to discuss new to ensure risk is rnana￿ successfully. Reserves Policy Th8 directors aim to hold a £5.(M)O cash reserve to manage the monthly overl*th of the dmrity and also to cover the substantial annual cxtst of our vario￿8 insuran(* policies. Uttlmately. they want to keep surplus funds to a minimum in order to maximise the charitable activitses carried for the benefft of the member5 and deliverance of the charitys objectives. Structure. Governanco and Managwn•nt Constitufjon The ScKlety is reglstered as a charitable company limited by guardnte8 arKI was set up by a Memorandum of Association in 1988. The Society is constituted under a MemorarKlum of Association dated 1988 aThJ is a registered charity nutnber 800638. Page 10 The Society of British Theatre Deslgners Llmited Tn￿tees. Report Method of Appoinljnent or Election of Directo The Directors of the Company fom the Council of Management that is responsible for the overall direction of affairs of the Company and decides all matters of policy. There are currently four Directors elected by and from the memb8rship. with power to C(￿0pt. One thlrd of the Directors must retire each year but each is eligible for re-election. There is no Ilmit to their period of office. The following Dlrectors were In Offi￿ at 31 December 2023: Bumett. Greer Cr*y. David Farley and NiGky Shaw. In addition, during 2023 ts follcNving wer8 serving on th? Management Committee: Davkl FaTley and Nlcky Shaw (Co£(Knpany Se(Trtarie5 a¥KI c[￿H(l￿ TrEaSU￿5). lfjrnien Farley (Part-time Administrator). Kate Bumett (publicatK)n sales (yjordirthr, Chair of the OISTAT Research Commtssion); David Farley Kalte Scott (Communi(xlions Team): Libby Todd (Student, Graduate and Early Career Designers Representative); Nidry Shaw and Christianna Mason (Mentoring Group Cfrlead)" Christianna Mason (Designers, Mentoring Network Lead); lan Teague (Skillscene). Paul Burgess (Sustainability Group Lead); Greer Cr8wley (Editor Blue Pages). David Farley (Websi18 support): Loui8 Whitmore (Equty Dlrector and Designers Committee repr8sentatiV8): plus N8dia Malik, Dana Pinto. Lucy Thomett. Kathrin8 Sand56 Andreas Skourtis, Donatella Barbieri, May Davie5, Kale Lane. lan Teagup arKI Eliiabeih Wright. Joining the Committee in 2023 wewe A(lrian Rees and James Perkins and Ruth Paton attended Committee Meeting 4.. 2023. Policies adoptod for the Induction and Training of Dlractors New directors are appoinknj in line wilh the MemotarKlum - w￿￿bY a slm* majority vote Gan appotnt a new director. At all times there must ba bel￿88n 3 and 30 directors. Upon election, new directo￿ are provi￿1 a copy of the Soci&tys Memoran(knm and Artides of Association and additionally a (x)py of CC3 - The Essential TTustse, to provide a backgrour¥J to the duties and responsibililies of beiThJ a cthrity truth. Organlsatlonal Structure and D•clslon Making The Soaety is by the Tr￿st88-DIrectOrS who are responsible for all decision making. Futur• Developments SBTD will be r8viewing structural strategies arKt ￿10 descriptions. with amendrn￿ts and improvements as required and agreed.. SBTD will be reviewir#J its digitsl offer and devdoping ts websits. As the 2023 hollo stranger national exhibition project reaches its ffinal phase. the SBTD will review its achievements and implications for the forward and financial plannÉng of its 2027 national projects and intemetional participation in WSD 2026 and PQ2027. SBTD wlll conllnue io worf( dosety wlth Equlty, BECTU, Assoctatlon for Llghtlng Productlon arKI Design (ALPD), Stage Directors UK (SDUK) and AAPTLE. to inform industrial negotiations with UK Theatre. SOLT and ITC whilst lobbying and campaigning, vla bodles such as the Creatlve Industries Federation and ACE, to make meaningful contributions to professional working conditions and standards and with PDEC (Perf0m￿nCe Design Education Collective, fornwrly ACTD) on relth'onships and initiatives belween w)fessional wactice and higher education. Page 11 The Society of British Theatre Deslgners Limited The annual report appTh￿ trustees of the ch* on 24 SeptaTrber 2024 and Sigr￿d on its behalf by. 4r D Farley Tru P￿9 12 The Society of British Theatre Designers Limited Statement of Trustees. Responslbllltles The trustees (who are also the i*re(Xors of The S(xiety of British Theatre Design8r5 Limited kn the purposes of company law) are resp(Thible for preparing the tnAStees' report and tho fina￿181 statements in accordance with applicable law and United lfjngdom Accounting Stsndards (United Kingdom Generalty A(xepted Acwunting Prac￿l¢e), Irduding FRS 102 Yho Financial ReportirKJ Stsndard applicable in the UK and Republic of Ireland.. Company law requires Iruste8s to prepare financial stat8monts for each financial yBar. Under company law the trustees must TK)t approve the financial SLate￿nts unless they are satisfied that they give a true and fair view of the state of affairs of the (*Aritable company and of the incoming resour￿ and appltcation of r&8ources, including ts income and expenditure. of th8 charitable company for that period. In preparing these financial Stateff￿nts, the trustses are requlred to: select suitable acu)unling poli(#es 8fMJ ap￿ consistenty. . Observe the m8tfnds arKI principles in the charit￿ SOFIP", make judgements and eslimates that are reasonable arKI prudent," stat8 whether applicxble acmuntirvJ standards, cornprisir￿ FRS 102 have been followed, subject to any matsrial departures disck)sed and explained in the financial slatements; and prepare the financial ststements on the going concern basis unless it is inappn)prlate to presume that Ihe Gharitable company will continue in business. The Irustees are responsible for keaping proper accounting retx•rds that can disdo80 with reasonabla accuracy at any lime the firranctal position of the charitable company and enable them to er￿Ure that tha financial statsments compty with ts C(xnpani8s Aca 20(￿. They are also responsible for safeguarding th8 ass8ts of tha charitabl8 (x)mp3ny and hoTh￿ for tAkIr￿ rBasonabl@ st@ps for thè pre￿ntIOn and detection of frdLKI and other irregUlar￿eS. Th8 trustees are resp(Thible for the Maintenan￿ arKI integrity of the COfpof8te and finandal inf0m￿tIOn induded on the charitable ￿MpanIS website. Legislation governing the preparation and dissemination of financial slater1￿ts may differ from legislalion in other jurisdiction& Approved by the trustees of the charity on 24 Septsmber 2024 and signed on ts behalf by. Trustee Mr D F8rtey Page 13 The Society of British Theatre Designers Limited Independent Examinerfs Report to the trustees of The Society of British Theatre Designers Limited ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. Responsibilities and basis of report As the charity's trustees of the Company (and also tts directors for the purposes of company lawl 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 I'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{51{bl of the 2011 Act. Independent examTner's statement I have completed my examination. I confimi that no matters have come to my attention in connectlon with the examination giving me cause to believe.. 1. accounting records were not kept in respect of The Society of British Theatre Designers Limited as required by section 386 of the 2006 Act- or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any rcquircmcnt that the accounts give a 'truc 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 Pra¢ti¢e for accounting and reporting by charities lapplicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concems and have come acr055 no other matteT5 in conneclion with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Robert Hugh Robert Hugh Limited 15, Dan-y-Bryn Avenue Radyr Cardiff CF15 8DD 27 September 2024 Page 14 The Society of Brftish Theatre Designers Limited Statement of Financial Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Totsl Recognised Gains and Losses) Unrastrictsd R￿trIct•d funds funds Totsl 2023 Incom8 and Endowmonts from: Donations and legacies Charitable activities Other trading 8Ctsvttses Investment income 489 51,512 17,734 31 28,212 17.734 31 23.300 Total incorne 69.766 Expenditure on: Charitable activi 38.09 41,354 .451 Total experiditure Net incomel(expendlture) Transfers between fijnds 38,09 41.354 79,451 8.369 13,406 (18,054) (9,685) Net movement In funds 21.775 131,460) (9,685) R8eonclllation of fuftdg Total fiJrKls br￿ht forwwd 32.110 32.110 Total funds carried forwanl 15 21,775 22.425 Total 2022 funds funds Income and Endowments from: Donations and legacies Charttable activities Other trading activities Investment incoTh 28.858 175 12,000 40.858 5,729 Total incom8 29.426 17.554 46.980 Expenrfrtur• on: Charitable a¢￿￿*0$ 21.820 21.820 Total experKlitwe Net income Transfers between funds 21,820 21,820 17.554 13,406 25,160 13.406 Net movement in funds (5.800) 25.160 Reconciliation of fvnds Totsl funds brought forward 5.8(X) 1.150 6,950 The notss on p8ges 18 to 29 form an integral part of these fin￿Cial slat8m8nts. Page 15 The Society of Britlsh Theatre Designers Limited statement of Flnanclal Activities for the Year Ended 31 December 2023 (Including Income and Expenditure Account and Statement of Total Recognised Galns and Losses) Unrestrlctsd Rgstrlcted funds funds Total 2022 Total funds carried for￿rd 15 32.110 32,110 AJI of the charftys acbvitw derive from continuing operations during the above two peiiods. The notes on pages 18 to 29 fom an integral part of these financaal ststements. Page 16 The Soclety of Brftish Th&th Designers Limited (Reglstratlon number 02325776) Balance Sheet as at 31 December 2023 2023 2022 Currnnt ass6ts stod(s Debtors Cash at bank atbd in hand 11 12 13 13.707 9.852 13,822 37,381 15,733 3,568 27.644 Credltors: knunts falung duo wlthln ¢Jn• ye 14 14.956 14,835 22.425 32,110 Funds of the clwity: Rostrlcted Incomo funds RestriGled funds 32,110 Unrastrfcted Income funds Unrnstricied funds 21,775 Total funds 15 22.425 32,110 For tho financial enthNJ 31 Decembw %)23 the tharity was ontitted *) exgmption from audit under seGlion 4T1 of the Comparue5 AGt 2006 relati￿￿ to small o)mpanies. Directors. responsibilities: The members have not required th8 charity to obtain an audit of Its ac￿Unts for the yBar In question in accoraance wlth Seciion 476: and The direciors aGknowledge their responsiblllties for complying wilh the requirements of the Act with resp￿1 to accounting records and the preparation of acmunts. The financial statsments on pages 15 to 29 were approved by on 24 September 2024 and ￿ned on their behair ty. trustees, and authorised for Issue Mr D Farle The notes on pages 18 to 29 form an integral part of these finarnxal statements. Page 17 The Society of Brftish Theatre Designers Limited Notss to tho Flnancial Statements for the Y&qr Ended 31 December 2023 1 Charity status The charity is limited by guarantee, incorporated in England and Wales, and cx)nsequently does I￿t havo sharo capital. Each of the trusteos is Ilabla trj contribute an amount not eXCe￿Ing £1 towarda the assets of the charity in the event of liquidation. The address of ts registered office is: Department of Theatre Design Roydl Welsh College of Music arKJ Drnma Castle Grounds Ca￿lff CF10 3ER These financial statements ￿re audN)rised for issue by ts trustees on 24 September 2024. 2 Accounting pollclos Summary of signlficant a¢countlng policies and key accountlng ostlmatos The principal accounting policies applied in the prepardtion of these financial statements are set out below. These policies have been (￿nsISten￿ applied to all the sears presented. unless otherwise stated. Statomont of complianco The firk8n(a81 statements been prnpared in &cordartt with Acc(xmting aNJ Reporting by Charittes: Statement of RecommerKled Prnctice (appli¢xbl8 to c*k2rities preparfng their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of IrelarKI (FRS 102)) (issued in October 2019) - (ChaTitiÈs SORP (FRS 102)). the Financial Re￿rting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Basls of preparnfjon The Society of British Theatre Designers Limited meets the definition of a publlc b8n8fit entty urKJer FRS 102. Assets and liabilities are initialty recognised at historical ￿st or transaction value unless otherwise ststed in the relevant accounling wlicy notss. Going concern The trustees ￿Jr￿SIder that there are no material uncertainties about tharitys abilty to continue as going concem nor any significant areas of urKertainty that affect the carryirwJ value of assets hold by charity. Exemption from preparlng a cash flow statement The chaiity opted to earfy adopt Bulletin 1 published on 2 Fetrmry 2016 WKI have the￿f0￿ not inejuded a cash flow statement in these financial ststernents. Incomo and ondowments All income is recognised on a receivable basis once the Sooiety has entitlement to the irtcome, there s tsrtainty of receipt and the amount can be m8asured with sufficFent reliabilty. P•J8 18 The Society of British Theatre Designers Llmited Notes to the Financial Staternents for the Year Ended 31 December 2023 Donalions are recognised when the tharity has beon notffied in writing of both the amount and settlement date. In the event that a donation is subj'ect to conditsons that require a level of performance by the charity baforg th• charTty is entitled to thg funds. tho incomo is def•rr•d and not recognised unll elther those o)ndlitor￿ are fulty met or the fuffilment of those condttlons is wholly within the ￿ntrol of the charity arKI it is probable that these conditions wj'll De fulfill8(l in the reporting Dehrr•d incom• r•prgsonts 8moLmts rac81v￿ for futurn poriods arxl 18 released to incoming resources in the pwiod forwhich. it been re(wed. Suth irwme is only deferr￿1 when: - The payer spedfies that the arn(￿nt paid rn￿t only be used in fijture aCC￿nting periods: or - The payer has impowl corKlilions which must b8 met before the dBrity has uncorKlilional entitlemenL Expondltur• All expenditure is recognised once there is a legal or constructlve obligatlon to that expenditure, it is probable settlement is required and the amount (an b6 measured reliably- All costs are allocated to the applifxble exp8nditure heading that aggregate similar costs to that Category. Where costs cannot be diredy attributed to partI￿lar h8adings ttrw have be8n alkxated on a basis consistent with the usa of r8sourc*s. Ralslng funds These are ￿sts In￿rIed in atba(aing irthme and those incurred in trathng activit￿ that raise funds. Charftable athitses Charitable expenditure Gomprises those costs incurred by the charTty in thp delivety of tts activitie5 and services for Its benefidaries. ft includes both o)sts that be allocated dlrectly to such activib68 and those costs of an indirect nature necessary to support them. Support costs Support costs indude central functi￿￿ a￿1 be8n allocated to a(*vity cost categories on a basis consistent with ts use of resow Governanco costs These indLNde the costs attrlbutabk to ts chariws compliance with Consts￿al and statutory requirements, ir￿lUding examinalion. strategic rnar￿ernent and trustees's meetings and reimbursed expenses. Taxation The charity is ￿)nSidered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable c£Jmpany for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxalion in respect of incom6 or capital gains rgtxived within txtegories (K>verBd by Chapter 3 Part 11 of the Corporatlon Tax ￿ 2010 or Sectton 256 of th8 Taxation of Chargeable Gains Act 1W2. to the extent that suth Incor￿ or gains a applled exdusivdy to (*wilable pufp088S. Page 19 The Society of British Theatre Designers Llmlted Notos to the Financial Statements for the Year Ended 31 December 2023 Stock Is valued at the lower of cost and 8Stimated 8811ing price188s costs to complete and 8811, after due regard for obsolete arKI slow moving stocks. Cost is detsmiined using the first-in. firstwout (FIFO). Trado debtors Trade debtors are amounts due from custom8rs for merchandise sold or servi￿3 performed in the ordinary course of business. Trade debtors are T8￿)gniSed iniltally at the transacticffi pric8. They ar8 subsequentty M￿ur8d at amortised using th8 effecaive interest method, less provision for impairment. A provision for the impairment of trade debtors is estsblished when there is object1￿ eviden￿ that the charity will rK>t be able to collect all amounts due ac(x)rding to the originat terrrts of the ÈBceivables. Cash and cash oquivaknts Cash and cash aquivalants that are readily convertibla to a known amount of cash arKI are subject to an insignificant fisk of change in value. Trade credltors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary coursg of business from suppliers. Accounts payable are dassffied as current liabiltties rf the chaTity does not have an uncnndlknl iighL at the erHI of the repornng perioi, to defer settlement of the creditor for atleast Iwelve m(Mths after ts reportiNJ date. ff there is an uncA)nditifX)al right to defer settlement for at least twelve rrKJnths after the reF*XtiThJ date. they are preSent￿j as non-current liabilities. Trade credttors are re￿gnised initially at the trartsxtion price arKI subsequentty measured at amorti88d eost using ts effo(aive interest m•thc4J. Fund structure Unrestricted income funds are general funds that are available for use at th8 trustees discretion in furtherance of the objectives of the charity. Restricted incom8 fvrth are those that arn for use in a parti￿tar rn or for S￿IfiC purpose6. the US8 of whith is rostr1￿ to that area ￿ PUfPOS6. Financlal Instrum•nts Tho Socioty only has financial 8880ts and finanLxal liabiltti86 of a kind that qualify as basic financial instruments. Basic financial instrurnents are inltially r8cogni8ed at transaction value subs8quenlly measured at their setuement value with the excepts'on of bank lOar￿ which are subwuenljy measured at amortised cost using the effe¢*ive interest method. Page 20 The Soclety of Brltlsh Theatre Designers Limited Notes to the Financial Statements for the Year Ended 31 December 2023 3 Incomé from donations and legaciès Unrestrfctod funds General Total 2023 Donations and Eegacies; Donations to major apr* 489 funds Goneral Totsi 2022 Donations and EegaLyes; Donations to major app8als 389 389 389 389 Page 21 The Soclety of Britlsh Theatre Designers Limited Notes to the Flnanclal Statements for the Ended 31 December 2023 4 Incomo from Charltabh actlvitlos Unrnstrfct funds Gen•ral Rostrictod funds Total 2023 Membership subscriptions Linbury Trust grant Ros81 Central S(*￿1 of Sp88th and Drama grant Other grdnts 28.212 28,212 3.000 13.700 13,700 6,600 28.212 23,300 51,512 Unrestrictsd nds General R8strlctod fund5 Total 2022 Membership subscriptK>r Linbury Trust grant 28.858 28.858 12,000 12,000 28,858 12,000 40.858 Unrestrictod funds General Total 2023 Trading Income; Sales of catalogues Gallery. exhibition and edu(ation fees Other income from other trading adivitses 1.532 10,688 5,514 17,734 1.532 10,688 5,514 17,734 Unro5trict•d R•strict funds Total 2022 Trading incom8", Sales of catalogues Gallery, exhibition arKI 8du(2tion fees Other income from other trdding a￿ly1￿8S 63 5.554 112 112 175 5,729 Page 22 The Society of British Theatre Designers Limlted Notes to the Financial Statements for the Ended 31 December 2023 6 Investment incom Unrestricted funds G•n•ral Total 2023 Interest receivable and stmilar incA)me: Intsrest receivabl8 on b￿k depostts 31 31 31 31 funds Gwwral Total 2022 Interest receivable and SFmilar incom8; Intsrest receivable on bank deposits Page 23 The Society of British Theatre Designers Limited Notes to the Financial Statements for the Year Ended 31 December 2023 7 ExpondSturn on charltabh activitsos Unrostsictèd funds G•n•ral Restricted funds Total 2023 Gallery and exhibition Pffjject tThts Membership services Support oxts 41,354 51,214 20.382 37.097 41.354 78.451 UnrestriGtsd funds General Total 2022 Gallery and exhlbttion project costs embership services Support costs 165 5,005 15.615 165 5,005 15.615 20.785 20.785 und•rtak•n directy support 2023 Gallery and exhibition project costs Membership services Support costs 51,214 51,214 6.855 20.382 20,382 20.382 Activity support 58.069 Activlty directly 2022 Gallery aTKI exhibilion propct u)sLs Membership services Support costs 165 5.LK15 165 5,005 15,615 20,785 15,615 15,615 5.170 In addition to the expenditure anal￿1 above. there ar8 also govemancs costs of £l.O(10 (2022 - £1.035) which relate directy to chafitable activities. See note 8 for further detalls. Pag8 24 The Society of Britlsh Theatre Designers Umlted Notes to the Financial Ststements for the Year Ended 31 Decembor 2023 8 Analysis of govemance and 8UPPOrt costs Charftablg aGtMtI85 gxpgndltUT UnrestriGtsd funds Total 2023 Basfs of allocation 8.680 4.006 824 452 609 761 830 4220 1,000 Staff training Committe8 expenses Trad8 subscriptior Website Computer software and maintsnan(* costs Sundry expenses Book4eeping and accountancy fees Govemance 824 452 609 761 830 4.220 1,000 21,382 21,382 Total Basis of allocation General 2022 Administration salary and fees Committee expenses Trad8 subscriptions Website Computer software and maintenan¢x I￿sts Sundry expens8S Book*eeping and accountsncy ftss Govemance 6.970 6,970 704 2,273 1.057 509 704 2273 1,057 509 4,080 1.035 16.650 16,650 PwJe 25 The Society of British Designers Limited Notes to the Financlal Statements for the Year Ended 31 December 2023 Support costs allocated to charitable actlvfti Govomanc• Staff Adminl8tratl¢)n Total 2023 Ba815 of aiiocation Art of t￿atr8 d8sign 1.000 Govemanco 8.680 11.702 21.382 Staff Admlnlstration Total 2022 Basis of allocation Art of theatre design 1.035 6.970 16,650 Basls of allocatlon Rofor•nco Mothod of allocatlon Direct attribution Govornance costs Unrestrfcted fvnd5 General Total 2023 1.000 1,(XJO 1,000 Unrestrictsd funds Goneral Totsl 2022 Allocated support costs 1,035 1.035 1,035 1,035 Page 26 The Soclety of Brltlsh Theatre Designers Limited Notes to the Financial Statements for the Ended 31 December 2023 9 Trustees rnmunoration and expensos No trustees, nor any persons connected wilh them, have received any remuneration from the charity during the year. No trust8es have recoived any roimburs8d exp8nsa8 or any otsr b8n8ffts from th8 charily during th8 far. 10 Taxallon 11 Stock 2023 2022 13,707 15,733 12 Debto 2023 2022 Trada debtor5 1290 22T8 13 Cash and cash aquivalants 2023 2022 Cash at bank 13.822 27.644 14 Croditors: amounts falling du• within one year 2023 2022 871 1,940 12,024 14,835 Accruals Deferred income 1.287 10.847 14,956 P￿27 The Society of British Theatre Designers Llmited Notes to the Financial Statements for th• Yw Endod 31 Docombor 2023 15 Fund8 Balance at 31 D8cambor 2023 Balan￿ at 1 January 2023 Incoming Resourc resources 6xpond•d Transf8r Unrnstrlct•d General 29.393 {23.691) 5,702 D￿gnated Exhibition - designated Cart)on Literacy Trainir Fund - designats 13,629 (13.399) 13.406 13,636 2.437 17.072 14.405 13,406 16,073 Total Unrostrlet•d 38,096 46.465 ￿ 13,408 Restrfcted Linbury Trust Exhitmtion Education* Workshop Carbon Literacy Tralni Fund 12.000 18.960 1,150 (12.000) (25,854) (500) 20.3( (13.408) 650 3.000 Total restrlctod 32110 23300 650 Total funds 32,110 9,450 22,425 Batanco al 31 Docembor 2022 Balanca at l January Incoming Rosour¢e5 Unrostrlcted funds General 29,426 (21,820) (13,406) Rostrlctod Linbury Trust Exhibition Educational workS￿p 12,000 12,000 18,960 1,150 13,406 1.150 Total M8triGtod fund8 1,150 17,554 13,406 32,110 Total funds 21.820 31110 Page 28 The Soclety of Brftish Theatre Deslgners Llmlted Notes to the Flnanclal Statements for the Year Enthd 31 December 2023 16 Analysis of not a$80ts botwoon funds Totsl funds at31 December funds G8neral funds Current assets Current liabilities 36.731 14.956 37.381 14,956 22.425 Total net assets 21.7T5 Totsl funds at31 D0￿Mb•r 2022 fvnds GoMral funds Current assets Current liabilities 14,835 14.835 32,110 14.835 32.110 Total net assets 32.110 17 Analysis ot not funds At31 At 1 January Flnancln9 December 2023 sh flows Cash at bank and in h 13,822 13,822 Net debt 13.822 13,822 At31 December 2022 At 1 January 2022 Flnanclng cash flows Cash at bank and in hand 21,829 21.829 5,815 5.815 27,644 27,644 Net det Page 29