Company registration number. 02325T16 Charity registration number. 800638 The Society of British Theatre Designers Limited IA company limited by guardnlee) Annual Rewt and Financial Statements frjr the Year Ended 31 December 2024 Robert Hugh Limited 15. Dan-y-Bryn Avenue Radyr Cardiff CF15 8DD
The Society of British Theatre Designers Limited Contents Reference and Administrative Detsils Trustees, Report 2to8 ststeTnent of Trustees. Responsibilities Independent Examinerfs Report 10 Statement of Finan(ial Activities 11 to12 Balan¢e Sheet 13 Notes to the Financtal Ststements 14to25
The Society of British Theatr• Designers Llmlted Reference and Administrative Detsils Trustees Dr G A Crawley Mrs N Shaw Ms K Bumett Mr D Farley Ms K Scott Secretary• treasurer and book-keoper Mrs N Shaw. tsse¢retarylTreaSUrer Mr D Farley, CfrSecretarylCtrTreasurer Mr M Ball (Creative Juice), Book-keeper Registered Olfico 5 Brayford Square London E1 OSG The charity is incorporated in England and Wales. ompany Registration Number 02325776 Charity Registration Number 800638 Independent Examinor Robert Hugh Limited 15. DarFy-Bw Avenue Radyr Cardiff CF15 8DD Page 1
Tho Society of British Theatre Designers Limited Trustees, Report The trustees, who are directors for the purposes of company law. present ttle annual report togther with the financial ststements and auditors, report of the Gharitable company for the year ended 31 December 2024. This report is the Ienty-nineth slnce the Soclety a1Vated its charitable status, the thity-fourUI of the charitable company and the foty-seventh since the Socsevs inception. It covers the period 1 January to 31 December 2024. Since the Soctety qualffies as small under section 383. the strategic report required of medium and large companies under The Companies Act 2006 (Strategtc Report and Direcaofs Report) Regulations 2013 is not required. Objectives and Activitios Policlos and ObjKtiV•g The Society of British Theatre Designers Limited is registered as a d)arity, being a non-profft distributing Company limited by Guarantee of ts Members. It is govemed by its Memorandum and Artides of Associatson. The objects for which the Company is registered are to advan education by the enUragernent and promotion of the Art of Theatre Design in the British Isles 2nd Commonwealth and @lWhere by British designers and designers working in the Britssh theatre. Activities for Achieving Objectives The objectÉves of the charity are achieved particularfy by the provision of education infomatton and advice relatsng to theatre design, the exhibits.on of designs and theatrical material. research into the origination. design and use of theatritsl equipment. faalrties and methods and the publication of literary material and illustrations derived there from. (Artide 3a Memorandum of Association. 1988) Main Activities undertaken to further the Charitys Purposes for the Public Benefft The Directors have had due regard to The Charity Commission guidance on public benefit and are content that the Chatity'5 aGliviti8s proNide a publlc benefft. Achievements and Performance Review of Activities Administration Subscriptions: Subscriptions for 2024 were held at £78 for Professionals; £125 for Professional Plus membership at £125 which includes Public Liability and Product Insuran Cover. Iwth the addibon of Public Liability, Employèrs. Liability arKI Professional Indomnty Cover. 48 for New PrOfGE0nal memberships (New Professional category of membership is applic2bEe for 3 years after graduation). Both these categories of membership indude Public knability and Product Insulan Cover. £20 for Graduate membershlp, which is available for the first year after graduation. and has the same beneffts as New Professional but without insurance. Sludent membership is free. £25 Retired and UK Associates; and held at £35 for Intemational Associates,. £200 for Organisattons (up to 3 affiliated named members). Affiliat8 membership was launched in August at £100fyear minimum. We are hoping that our affiliate memborship 11 enable ug to forge new links ryth those cKtmpanies, venues, woEl<shop$ and establishments that suppor( promote and enable theatrical produdions to happen. Page 2
The Society of Brftlsh Theatre Deslgners Limitsd Tte8$. Report Datsbaso and Illemb8rshlp: The Society manages ts membership and database in-house allowing for direct communication and financial efficiency in these areas. Membership reached a peak of 580 in November 2024. Admlnistration: The day-to-day adminis1rati atKI other projects were managed by Dire¢t¢)rs Nicky Shaw and David Fartey in liaison Vth Administrator, Kirsten Farley. The registered address of the SBTD continues to be The Royal Welsh College of Music and Drama, Cardiff who conts'nue to provide generous support in the form of space, postage arld stationery. Financial ManagemenL' Nicky Shaw 2nd David Farfey continue ag Co Hon. Treasurèrs and Company Secretariee wilh additional support from Administrator, Kirsten Farley and independent bookkeeper Marlin Ball. Creative Juice. Annual General Meets"ng' Th8 Societys AGM took place on 16th December 2024, 16.45. at Founde[5 Hall. SW3 48N and via Zoom. Nicky Shaw stcmxl down as a Direc(Ktrrustee. Elections were held for Directors were appointed.. Nicky Shaw- David Farley nominated l Katie Swtt seu>nded Katie Scott- Xristina Penna nomind l David Farley seconded Society Activities: Designerfs Drinks; Were held on 13th August. at the Understudy Bar at the National Theatre and after the AGM on 16th December 2024 at Founders Hall. Industry Llalson Meetings: APPTLE: The Alliance of ASSlationS and PrOfeSonalS in Theatre & Live Events - (stsrted in June 2020 as a rèsponse to the Covid-19 pandemic and its effect on the creative industries), continued in 2024, information with other professional asscKaations', ALPD, ASD. Stsge Managers Assoctation. Costume In Theatre Asso(xation, Produdion Manager5 Forum and a number of relevant campaigning groups and organisations. Attended In various cnmbinations representing SBTD were," Nicky Shaw and David Farfey. Equity: Committee Member Louie Whitinore o)nttnued on the Equity Directors and Design8rs Committee {D+D) in 2024. sharing infotrnation directly with SBTD. Open meetings atterKled and run as part of LoO,S on the D+D Committee. There were lots of meelngs with Equity to yrk on the renegotiation of the UK Theatre and SOLT AgreeTnents for designer5. Page 3
The Society of Brftlsh Theatre Designers Limited Trustees. Report Exhibition Programme: Kathrine Sandys and Lucy Thomett o)ntinue developing the Hello Stranger Part 3 publiration into an academic outy)ut as part of the National Exhibition Project 2023. Events: ABTh Show. SBTD were represented at the ABTh Shtrw. Aexandre Palace on 5thtBth June 2024. engaging with potential members. increasing our industy profiie and selling past catalogues. SBTD Summer Talks: delivered via Zoom. LEfs TALK CONTR4CTS. °Ever felt a tyt oveThYhelmed when negot'atina your (x)ntracts and agreements? This talk is for you!. Pandlists induded designers Libby Todd and Nicky Shaw, agent Stella Mccusker Delid0 from Clare Vidal Hall Agancy and Charlotte Bence from Equty. We discussed the new Equity Fringo Agreement for Designers, talked abwt wtl to make sure you indude {arMI avoid) in contracts and how best to negotiate a fair deal. The talk was delive via Zoom on 15th July. ASK US ANYfHINGI °Just graduated? About to start out as a Theatre Designer> Want to know a bit more about vthat to expect from th• industr Join this informal that with a panel of Early Career Designers as Ihey Share their experience$ of their first few years in the industry. Come wth any questions you have, join in or simply listen to others, experien8. Expect lots of helpful tips and advice on how to find work, assists.ng other Designérs, juggling mults'ple jobs and mudi mo. A Chan for you to ask us anything. The talk was delivered via Zoom on 16th Juty. Graduatè Exhibitions: A number of Graduate Shows were attended by Directors and Committee Members. SBTD Working Group Activities: SBTD Sustainability Working Group: Meetings for SBTD rnernbers and allies held onvllne approximately once a month. nonnally with a guest speaker. The subgroups and the Organisers group are SBTD membe[5 onty. Organi38rs group: Paul Burg@ss 'cA>ordinatof (also Carbon Literacy Training subgroup).. Jegg Curtis; Ruih Stringer (costume subgroup)., Alison Neighbour Oeads the Carbon Literacy Training subgroup). Hamish Muir (materials subgroup)" SIM( Daw (materials sub9roup) and Andrea Carr (Cart)on knt¢raGy Training subgroup). Also active: Sarah Booth Oeads on Costume subgroup); Wll Reynokls (also Catknn Literacy Training subgroup)" Blue Bradfield (Materials subgroup): Stella Cecrl; Hannah Harding., Nadia Malik (Costume subgroup) and Will Har03Ve$ (ty)nneding th8 working gTOUP to PDEC) Page 4
The Society of British Theatre Designers Llmlted Truste85' Report Xch8ng8.' Alakèts and IgnerS Assémblel Was held on 30th September at the Natior1 Theatre's Duffield Studio. °A chants for set, costume, and PTDP makers, designer5. and other irtsrested practttloners to dlscLFSS how to work together to design and build for the ¢ircular eojnory. The evening indudes a panel discussion, an open conversats'on leading to the creation of a list of 'asks' for our sector. and a thance to nekn and share ideas. We'¥e alto reserved a space in the urer$1 Bar afteN4ards to continue the conversation over drinks.. Organi5ed by Footprint Scenery and the SBTD in partnership with Theat Green Book, Green Captains and Ecostage. wlth support from the Na)"onal Theatre. Part oLEweek2024. the annual circular economy showf2se. Made possible by the kind support of the National Theatre. Cartjon Lit8fdCy Trnirnng." More training was delivered. at NatiorHI Theatre of S¢xdand on 27th April and on 11th Juty as part of the Departure Lounge Festival at Derby Theatre. SBTD Mentoring Group: Mentoring Mondays! Our Grad Rep bbY Todd offered free mentoring sessions for recent graduates aiid early (areer Designet5. -mentoring Mondaysl Vvhether you have a specific problem you want to tslk about or just want a friendly chat with a fellow Designer. these sessions are an informal way to get some advice and supporL' All sessions were run on zoom and either ce to one or small group chats. These ran on 15th. 22nd and 29th January. Navigaling a Frnojanco caroora di8CU88ion around maintaining your well-being and building resilience through the highs and lows of self-employment. Hosted by Nicky Shaw, Christianna Mason & Dana Pinto. Wednesday 16th October, via zoom. Aspiration. MOtwatn & PuSe,. a discussion around goal setting for Freelancèrs. Strategies to identify where to work, detemine your eamings and ttivate a heatthy work-life balance. Hosted by Nicky Shaw & Dana Pinto. Wednesday 20th November via zoom. Goal Sethng for FTrelance. a discussion around strategies to identify where to work, determlne your eamings and cultivate a healthy work-life balan. Hosted by Nicky Shaw and Dana Pinto Wednesday 20th November, via zoom Other A¢tivits8s: Website: The Societys website is the public-faang platfomi for the SwAety, providing information on education and training, galleries of members. work and profiling key areas of activty such as exhibibons and catslogues. Mantenance carried out by David Farley. St9ging PlaeAs Webstte: Made as part d thè Staging Places exhibition and eontinu8s as a digrtal record. Page 5
The Society of British Theatre DignerS Limlted Trus, Report aiog PubliGations: Hosted on the website and promoted via social media (FB. Insta and Twitter.) Blue Pages: Blue Pages was the Societys Journal, publishing artides by arbsts. ratorS and designer3 as well as rèviews of exhibitions and pUblitionS. No publications were (Xeated in 2024. An arthive of back-issues are hosted on the vbsIte in Ihe members area. SBTD News: An trmail newsletter. delivered periojically through the year wa Mailchimp to Members. Commencing with a greeting. a monthly des¢7iPtion of the Societys activities, up-coming events to look out for from both ithin the society and also the widèr thÈatrÈ eJ)mmunity and a plac to celebrate member5. achievement& This is part of the core offer to members. Compiled and lai(knut by Kirsten Farfey. Administrator. Social Media: The Soaetls open Facebook group continues to act as a forum for questions, recofflmendations, resoursanng. promoting SBTD events and shanng arn'des of interest with over 3000 members. A closed Facebook group, set up as a Members. Fowm. now acts as a more focused think tank for sharing and engaging wtih more detailed advocacy activity arcyjnd (x)ntracts, feès and proposed dianges to the UK Theatre and SOLT o)Ileclive agmentS. Instagram: InagraM remains a strong way to communicate with members and the Theatre DE5ign community at large. Social media output has been delivered by David Farley. Sklllscene: Through its continued involvement with SkillS¢ene the soety contrfbutes (alongside other industry bodies such as ABTh. ALPD. UK Theatre, SMA, BECTU and PLASA) to the ongoing debate about standards and provtsion of trainiTrJ and education in technical theatre. lan Teague represents the Soaety at Skillsne Meetings. Intematlonal Unks: OISTAT: Intemats'onal Organisation of Scenographers. Theatre Architeds and Technicians. SBTD is one of two OISTAT centres for the UK the oth•r boing tho ABrr (AsSlation of British Theatre Tedlnioans). Roles representing the UK in OISTAT were filled by SBTD Committee Members: Fiona Watt as UK Perfomiance Design Commissioner. Greer Crawley as Publication and Communication Commissioner, Peter Ruthven Hall (ntinUeS as Architecture Commissioner UK and Ve Chair of the Commission. Kate Burnett continues as UK Research Commissioner, Aby Cohen continues as Prèsident of OISTAT. Equity, Diversty and Indusion Survey {2024): On 1 st May we ran a suNey aiming to identify barriers to equty, diversity and indusion in the theatre design sector. Regardless of background. responses aimed to capre a mprehenSIve pidur8 of working in the sector. Page 6
The Society of Britssh Theatre Designers Limited Trustees. Report The surwey will help the Society of British Thèatrè Designers identfy challénges and barriers to èquity. diversity and inclusion in the theatre design sector. By leaming about designers. experiences. the SBTD will be better equipped to address and overcome these obstades. ultimately fostering a more inctusive and dFverse environment The Sup VRS run by Dr Yli uyi Zeng. Royal HolloNYay, University of London and Dr Giulia Athilli. Univ8rsty of Binningham. Financial Review Going Con¢em After making appropriate enquiries. the Trustees have a reasonable expti0ft that the Soeiety has adequate resources to continue in operational existen for the foreseeable future. For this reason, they continue to adopt thé going concem baeig in preparing the financial statements. Further details regarding Ihe adoption of the going concem basis can be found in the AUntIng Policies. Prfncipal Risks and Uncerlainlles The board continues to discuss naw ways to ensure Tisk is managed successfully. Reservas Pollcy The Directors aim to hold a £5,000 cash reserve to manage the monthty overheads of the charity and also to cover the substsntial annual cost of our various insuran{% policies. Umimately, they *pnt to keep surplus funds to a minimum in order to maximise the charitable activities catried out for the benefft of the members and deliveran of the chanty's objecDves. Structure, Governance and Management Constitution The sIety is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association in 1988. The Society is <x)nstituted under a Memorandum of Assooation dated 1988 and is a gIstered chartty number 800638. M•thod of Appointmont or Electlon of Dir¢¢tors The Director3 of the Company fomi 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 membership, with power to cwpt. One third of the Directors must retire each year but each is eligible for r&election. The is no limit to their peritsj of I)ffi. The following Directors were in office at 31 Detsmber 2024: Kate Bumett David Farley, Nicky Shaw and Katie Scott. In addition, at the beginning of 2024 the followng were servin9 on the Management Commttiee: Page 7
The Soclety of British Theatre Designers Llmlted Tntstees. Report David Farley and Nicky Shaw {Co-Company Secretaries and Co-Hon Treasurers).. Sean Crowley. (member of OISTAT Exeartive}, rsten Farley (Part-time Administrator): Kate Bumett (publication sales Coordinator, OISTAT Research Commissioner)" Libby Todd (Student, Graduate and Earfy Career Designers Representative); Chrtstianna Mason (Mentoring Group Covlead, Designers. Mentoring Network Lead)," Nicky sh (Mentoring Group Covlead). lan Teague (Skillscene),. Paul Burgess Isustainabilty Group Lead): Greer Crawley (Editor Blue Pages).. David Fadey (Websita support). Louie Whitmore (Equty Director and Designers Committee representative). plus Nadia Mallk, Dana Pinto. Lucy Thomett Kathrine Sandys and Andreas Skourti8. Poli¢ies adopted for the Induction and Training of Directors New dlrectors woula be appnted in line wrth the MemoranOum- a simple majoiity vote can appoint a new director. At all times there must be between 3 and 30 directors. Up)n election. new directors Uld be provided with a enpy of the Societys MÈmorandum and Articles of Association and additionalty a copy of CC3 - The Essential Trustee to provide a background to the duties and responsibilibes of being a Charity Trustee. Organisational struthre and Decision Making The Soclety Is led by the Truste&Direciors who are respmsible for all decision rnang. Future Developments SBTD will be implementing new structural strategies and role descriptions. SBTD be developing the website. SBTD will continue to work dosety wryth Equty. BECTU, Association for LTghting Production and Design (ALPD), Stage Directors UK (SDUK) and AAPTLE. to infomi industrial negotiations with UK Theatre, SOLT and ITC whilst lobbying and campaigning. via bodies such as the Creative Industries Federation and ACE, to make meaningtul contributions to professional working conditions and standards and with PDEC (Perf0Mnce Design Education Collective, fonnerly ACTD) on relationships and initiattves betw professional practi and higher education. The annual report vms approved by the trustees of the charity on 8 September 2025 and signed on its behalf by: Mr D Farley Trustee Page 8
The Society of British Theatre Designers Limited Statement of Trustees. Responsibilities The trustees Iwho are also the directors of The S(xMety of British Theatre Designers Limited for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United lfjngdom Acojunting Standards (United Kingdom Generally Acwted Accounting Practice). indudirvJ FRS 102 'The Financial Reporting Standard appIlble in the UK and Republic of Ireland.. Company lavi requires Ihe ttustees to prepare financial statements for ead] finanGtal year. Under company law the trustees must not approve the fjrwici81 statements unless they a satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, induding its income and expenditure. of the charitable company for that period. In preparing these financial statements. the trustees are required to: select suitable accounting policies and apply them consistendy: observe the methods and priTKiples in the Chatilies SORP" make judgements and estimates that are reasonable ar prudentr. state whether applicable acLounts"ng standards, comprising FRS 102 have been followed. subject to any material departures disclosed and explained in the finanal statements; and prepare the finanaal ststements on the wng COnM basls unless St Is Inapproprfate to presume that the tharitable company will ointinue in business. The trustees are responsible for keeping proper a(Unting rerdS that can disdose Imth reasonable accuraw at any time the finanaal positson of the tharttable company and 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 preventson and deteclion of fraud and other irwularib@s. The trustees are responsible for the maintenance and integrtty of the corporate and finanaal information included on the charitable compan$ website. Legislatton goveming the preparation and dissemination of financtal statements may differ from leglatIon in other jurisdictions. Approved by the trustees of the charity on 8 September 2025 and signed on its behaff by: Mr D Farfey Trustee Page 9
The Soclety of Brltlsh Theatre Deslgners Limited Independent Examinefs Report to the trustees of The Society of British Theatre Designers Limited ('the Company) I report to the tharity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Re8ponslbllitle¥ and basis of report As the thatity'5 ttU5tees vf the Cornpany (atvts also its direGiots frjr Ihe putposes of company law) you are responsible for the preparation of the accounts in a<xordanc* the requirements of the Companies Act 2006 (Ihe 2006 Act.). Hamng satisfied myself that the accounts of the Company are not required to audtted under Part 16 of the 2006 Ara and are eligible for independent examination. I report in respect of my examination of your chanty's accounts as carried out under sectton 145 of the Charities Act 2011 {'the 2011 Act.). In carying out my examinatson I have fo11¢yed the Th'reclions given by the Chanty Commission under section 145{5)(b) of the 2011 Act. Independent examinerfs ststement I have completed my examination. I confim that no matters have Jme to my attention In nnection 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 AG( or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the aUnting requirements of section 396 of the 2006 Act other than any requirement that the accounts gtve a Irue and fair vtew which is not a matter considered as part of an independent examination: or 4. the accounts have not been prepared in accordance with the rnethods and principles of the Statement of Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their accounts in acoirdance with the Financial Reporting Standard applicable in the UK arKI Republic of [land (FRS 102)]. I have rn concerns and have Come across no other matters in o)nneclion vrith the examination to which attention sh{ld be draTrhn in this report tn order to enable a proper understanding of the accounts to be reathed. Robert Hugh Robert Hugh Lim 15, Dan-y-Bryn Avenue Radyr Cardiff CF15 8DD 12 September 2025 Page 10
The Society of British Theatre Designers Limited Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Totsl Reeognised Galns and Losses) Unrestrictad Restrtcted funds funds Total 2024 Income and Endowments from: Donations and legacies Charitable activities Other trading activities Investment income 518 28,096 9.784 97 516 28,096 9,784 97 Total income 38,493 38,493 Expènditur¢ on: Charitable activities 30,585 30,585 Total expenditijre Net income (30,585 30,585) 7.908 7.908 Net movement in funds 7,908 Reconciliation of funds Total funds brought forward Total funds carried forward 21.775 650 22,425 15 29,683 650 Unrestrlcted Restrlcted funds fvnds 30,333 Total 2023 Income and Endowments from: Donations and legacies Charitable activtties Other trading actsvrt.ies Investment income 489 51,512 17,734 31 28,212 17,734 31 23.31)0 Total income 46,466 23,300 69,766 Expendltura on: Charitable activities 38,09 41,354 9,451 Totsl expenditure 38.09 41,354 9.451 Net incomel(expenditure) Transfers between funds 8.369 13,4( (18.054) (13,4CI%) (9,685) Net movement In funus 21.775 (31.460) (9.685) ReGonGiliation of funds Total funds brought forward Total furKls carried forward 32.110 32,110 15 21,775 650 22,425 The notes on pages 14 to 25 form an integral part of these financial statements. Page11
The Society of Brsh Theatre Designers Limitèd Statement of Financial Activities for the Year Ended 31 December 2024 (Including Income and Expenditure Account and Statement of Total Recognlsed Gains and LoGGeG) All of the dwrity's actsvibes derive from c¥)ntinuing operations during the above period8. The not@s on pages 14 to 25 fomi an integral part of these financial statements. Page 12
The Soclety of British Theatre DIgnerS Limited (Registration number: 02325776) Balance Sheet as at 31 December 2024 2024 2023 Current as5•ts Stocks Debtors Cash at bank and in hand 11,089 6,417 26,684 44.170 13.707 9,852 13,822 12 13 37,381 Greditor5: Amounts falllng due vAthln one year 14 13,83 14.956 Net assets 30.333 22.425 Funds of the Gharlty. Restricted income funds Restricted fijnds 15 650 850 Unrestrlcted income funds Unrestrithd fijnds 29,683 21,775 Total funds 15 30,333 22,425 For the finanaal year erKling 31 December 2024 the charrty was enttlled trj Oxnpti0n from audit under sedion 477 of the Companies Act 2006 relating to small companies. Directors, responsibilitles: Th8 members have not required the dritY to obtain an audit of ib accounts for the year in question in aCrdance Imth section 476: and Tne (Jiredors aCknOedge their reSpon11FtseS for compiyFng wrth the requirnents of the Act with respect to accounting records arKI the preparation of ants. The financial statements on pages 11 to 25 were approved by the trustees, and authorised for issue on 8 September 2025 and signed on their behalf by: Mr D Farley Twstee The notes on pages 14 to 25 fomi an integpl part of these financtal statements. Page 13
The Society of Brltlsh Theatre Designers Limlted Notes to the Financial Ststements for the Year Ended 31 December 2024 1 Charlty status The charity is limited by guarantee. ln(yJrted in EThJland arKI Wales, and o)nsequently does not have share Caprtal. Each of the trustees is liable to o)ntrilxrte an amount not exceeding £1 towards the assets of the Charity in the event of liquidation. The address of its registered office is: 5 Brayford Square London E1 OSG These financial statements were authorised for issue by the trustees on 8 September 2025. 2 Accounting policies Sumfflary of ¥ignlficant acGounllng pollcles and key aoUntIng esllmates The principal accounting policies applied in the preparation of URse financial ststements are set out below. These policies have been consistently applied to all the years presented, unl&8s otherwise stated Statement of compliance The finanoal t¥tdtements have been ptepared in accordance with AcUnting and Reportlng by Charibes.. Statemerrt of Recommended Pradice (applicable to charities preparing their accounts in accordance with the Financial Rep)rting Standard applicable in the UK and Republic of Ireland (FRS 102}) (issued in October 2019) - (Chatities SORP (FRS 102)), the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basis of prnparation The Society of British Theatre l)esigners Limited meets the definition of a public benefit entity under FRS 102. Assets and liabileS are inty recognised at historÈcal cost or transaction value unless otherwise stated in the relevant aux>unting poliry notes. Golng Concem The tru8tee6 conÈider that there are no material uncertaintbes about the charitS abilty to continue as a going concem nor any significant areas of UnrtaInty that affect the (arryryru value of assets held by the tharity. Exemptlon from prnparing a cash flow statement The charity opted to earty adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Income and endowments All income is renised on a r1Vable basis once the Society has entitlement to the income. there is rtaInty of receipt and the amount (2n be measured with sufficient reliabilty. Page 14
The Society of British Theatre Designers Llmlted NO to the Financial Statsments for the Year Ended 31 December 2024 Donations and legaGles Donations are recognised when the thaiity has been notified in writing of both the amount and settlement date. In the event that a donation 18 subject to condits'ons that require a level of performance by the charity before the chanty is entrtled to the nds, the income is deferred and not recognised until either those conditions are fully met. or the fulfilment of those conditions is wholly within the )ntrol of the tharity and it is probable that these conrfrtions will be fulfilled in the reporting period. Deferred Income Deferred income represents amounts ra1Ved for future periods and 18 released to incoming resources in the period for which. it has b88n recetved. Such income is only deferred vthen: - The payer specifies that the amount paid must only be used fft future anting periods., or The payer has imw conditions which must be met before the thartty has unconditÉonal entitlement. Expenditure All expenditu is recogni8ed <)nce there 18 a legal or construGtive obligats'on to that expendiiure, it IS probable settlement is required and the amount can be measured reltably. All costs are allocated to the applicable expendtiure hea(Ilng that aggregate simitar costs to that tegOry. Where costs cannot be diredly attribLrted to particular headings they have been allocated on a basis consistent the use of resources. Raising fvnds These are costs incurred in attrading income and those incurred in trading a(aivibes that raise funds. Charltable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and seNices for its benefiaaries. It indudès both cnsts that can be allocated dirèdly to such activities and those costs of an indirect nature necessary to support them. Support costs Support costs include central fundions and have been allocated to acvity cost categoTies on a basis consistent with the use of resour. Goveman¢a costs These include the costs attributsble to the charivs compliance with o)nstitutional and statutory requirements, induding examination, strategic management and trustees's meetings and reimbursed expenses. Taxatlon The charTty is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Ad 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly. the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains AL 1992, to the extent that such income or gains are applied exdusivdy to charstable purposes. Page 15
The Society of British Theatre Designors Limited Notes to the Financial Ststements for the Year Ended 31 December 2024 Stock Stock is valued at the lower of cost and estimated selling pri less c¥)sts to complete and sell, after due regard for obsolete and slow moving stocks. Cost is detennined using the first-in, ffirst-OLrt (FIFO) Trade dèbtors Trade debtors are amounts due from custcxners ts mer(*arKlise sold or SeNiS perfonned in the ordinary course of business. Trade debtors are recoonised initially at the transaciion pri. They are subsequently measured at amortised cost using the effective Inte$t method, less promsion for impairmenL A provision for the impaimient of trade debtors is ostablished when thgre is objective evidence that the ¢harity will not be able to collect all amounts due a(xording to the original terms of the recetvables. Cash and Gash equivalents Cash and cash equivalents that a readity (%Jnverbble to a kntyn amount of cash and are subject to an insignfficant risk of change in value. Trade uedltors Trade Greditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of business from suppliers. Accounts payable are dasstfied as Trent liabilities rf the charity does not have an uncondrtional right, at the end of the repo(ting period, to defer settlement of the creditor for at least 1ve months after the reporbng date. If there is an unconditional right to defer settlement for at least tP}ve months after the reporting date. they are presented as non-current liabilities. Trade creditors are cogniSed initially at the transactTron price and subsequenty measured at amortised Cost using the effedsve interest method. Fund structure Unrestricted income funds a general funds that are available for use at the tNslee$ discretion in furtherance of the objectives of the ¢hanty. Designated funds are unrestriGted funds set astde for speofic purpose5 at the discretion of the trustees. Restri&ed Inrne funds are th¢Jse that are ft)r u8e In a partthkr area or for speofic purposes. the use of which is restricted to that area or purpose. Financial instruments classCation The ScGiety only has financial assets and finanoal liabilibes of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transacbon value and subsequenty measured at their settlement value wrth the excepts.on of bank loans whith are subsequ8nt]y measured at amortised cost using the effective Inte$t method. Page 16
The Society of Britlsh Theatre Designers Limlted Notes to the Financial Statements for the Year Ended 31 December 2024 3 Income from donalions and legacles Unrestrlcted funds General Total 2024 Donations arml legacies", Donations to major appeals 516 516 516 516 Unrestrlcted funds Genernl Total 2023 t)onations and legacÉes' Donations to majoi appea15 489 489 489 489 4 Income from charltsble activities Unrestricted funds General Total 2024 Membership Subs1p11onS 28.096 28,096 Unrestricted Total 2023 General funds Membership subscriptions Linbury Trust grant Royal Central School of Speech arKI Drama grant Other grants 28.212 28,212 3,000 13,700 6,600 13,700 6.600 28.212 23,31XI 51,512 Page 17
The Society of British Theatre Designers Limited Notes to the Financial Statements for the Year Endod 31 December 2024 6 Income from othor trading actlvltlos Unrnstrl¢ted funds Designated Genèrnl Total 2024 Trading income; Sales of catalog Gallery, exhibition arKI educatton fees Other incom8 from othÉr trading adivities 270 6,458 1,045 270 6,458 3,056 2.011 2.011 7.773 9.784 Unrestricted funds Generdl Total 2023 Trading Income; Sales of catalogues Gallery, exhibition and education fees other income from other trading activitses 1.532 10,688 5.514 1,532 10.688 5,514 17,734 17,734 6 Invgstmgnt incom• funds General Total 2024 Intest receivable and similar income: Interest receivable on bank deposits 97 97 97 97 Unrestricted funds General Total 2023 Interest receivable and similar income: Interest receivable on bank deposits 31 31 31 31 Page 18
The Society of Britsh Theatre Designers Llmlted Note5 to the Financial Statements for the Year Ended 31 December 2024 7 Expendltur• on charftable adlvltles funds General Total 2024 Gallery and exhibition project costs Membership services Support c¥)sts 3.055 6,488 19.967 3,055 6.488 19,967 29,510 29,510 Unrestricted Total 2023 General funds Gallory and exhibitton proje (ts Membership servi(xs Support costs 9.860 6,855 20.382 41.354 51,214 6.855 20,382 37,097 41,354 78,451 Activity undertaken directly Activity support costs 2024 Gallery and exhibition proje(* costs MÈmbership services Support costs 3,055 6,488 3,055 6,488 19,967 19.967 9,543 Activity undertaken directy 19.967 Activity support 29,510 2023 Gallery and exhibition projed costs Membership serlices Support costs 51,214 6.855 51.214 6,855 20,382 20,382 58.069 20.382 78,451 In addition to the experKliture anal5Fed above, there are also govemance costs of £1.075 (2023 - £1,000) whith relate directly to charitabl• activitiès. S•• noto 8 for further detail8. Page 19
The Soclety of Britlsh Theatre Designers Llmlted Notss to the Financial Ststements for the Year Ended 31 December 2024 8 Analysis of governance and Support costs Charitable actFvldes expendituro Unrestrictod funds Total Basis of allotion Gèneral 2024 Administration salary and fees Staff training Committee expenses Trade subs(xiptions Website Computer software arKI maintenance costs Sundry expenses Booktheeping and accountancy foos Govemance 9.302 2.628 9,302 2.626 441 637 1.532 679 4,656 1,075 21,042 441 637 1,532 679 4.656 1,075 21,042 Unrestricted funds Total Ba818 of allocation General 2023 Administration salary and fees Staff training Committee expenses Trade subrKriptions Web8ite Computer software and maintenarK% Q)sts Sundry expenses Book-keeping and accountanGy fees Govemance 8,680 4.006 824 452 609 761 830 4,220 1,000 8.680 4,006 824 452 609 761 830 4,220 1.000 21,382 21.382 Page 20
The Society of British Theatre DIgnerS Limited Notss to the Flnancial Ststements for the Year Ended 31 December 2024 Support costs allocatod to ¢harftablo athldes Govemanco costs Staff Admfnlstration Total costs eosts 2024 8asis of allocatlon Art of theatro design 1,075 Govemance 9,302 10,665 Staff Administrdtion Costs 21,042 Total 2023 allocation Art of theatre design 1.000 8.680 11,702 21,382 Basls of allocation Reference Method of allocatlon Direct attribution Govemance c4)sts Unrestrlcted funds General Total 2024 AEIor2ted support costs 1,075 1,075 1,075 1.075 Unrestricted funds General Total 2023 Allocated support costs 1.000 1,000 1.000 1,000 Page 21
The Socioty of Britsh Theatre Designers Limited Notes to the Financial Statements for the Year Ended 31 December 2024 9 Trustses remuneratlon and exponses No trustees, nor any persons conneded wilh them, have received any remuneration from the chaiity dun.ng the year. No trustees have received any reimbursed expen¥e¥ or other benefits the (*arity during the year. 10 Taxation The drity is a registered charity and is therefore exempt from taxation. 11 Sto¢k 2024 2023 11,069 13,707 12 Debtors 2024 2023 Trade debtors Prepayments 7.868 1,984 1,753 6,417 9,852 13 Cash and èquivalents 2024 2023 Cash at bank 28.684 13,822 14 Creditor5.' amounts falllng due within one year 2024 2023 Trade credltors Accrua15 Deferred income 2.822 1,287 10,847 1,075 12.162 13.837 14,956 Page 22
The Society of Brltish Theatre Deslgners Limitsd Notes to the Financial Statements for the Year Ended 31 December 2024 15 Funds Balance at 31 December 2024 Balance at 1 Incoming January 2024 resources Resources •xpandad Unrestrlcted General General 5.702 (25.321) 16,863 Designated Exhibition - designated Carbon Literacy Training Fund - designated 13.636 {2,638) 10.998 2,437 ,626 1.822 16,073 2.011 5,264) 12.820 Total Unrwtri¢t 21,775 38,493 (30.S85) 29,683 R8stri¢twl Educational Workshop 650 650 Total fund8 22,425 38.493 (30,586 30,333 BalanGe at 31 Decembor 2023 Balance at 1 January 2023 Incoming Resources resources exponded Trdnsfe Unrestricted funds General General 29,393 (23.691) 5,702 Designated Exhibition - designated Carbon Literacy Training Fund - d88ignatod 13,629 (13.399) 13.406 13.636 2.437 17,072 {14.405 13,406 16,073 Total unrestrictsd funds 46,465 (38,096 13.406 21.775 Page 23
Tho Society of British Theatre Designers Llmited Notes to the Flnaneial Statements for the Year Ended 31 December 2024 Balaneo at 31 Doc•mbgr 2023 Balance at 1 January 2023 Inwmlng Resources resou05 exponded Transfers Restrictsd Linbury Trust Exhibition EdU10n31 Workshop Carbon LiteraGy Training Fund 12.000 18.960 1.150 (12,000) {25.854) {500} 20,300 (13,406) 650 3.000 Total restricted funds 32.110 41.354 13,406 650 Total funds 32.110 69.765 (79.450) 22.425 16 Anatysis of net ass•ts b@twe funds Total funds at31 Restricted December funds 2024 Unrestri¢ted funds General Current assets Current Ikqbilities 43.520 13,837 850 44.170 13,837 Total net assets 29,683 650 30,333 Total funds at31 Restricted December funds 2023 Unregtrictod funds Genernl Current assets Current liabilities 36,731 (14,956) 650 37.381 14,956 Total net a85ets 21.775 G50 22,425 17 Anatysls of net funds At31 December 2024 At 1 January 2024 Flnanclng sh flows Cash at bank and in hatKI 13,822 12,862 28,684 Net debt 13,822 12,862 26,684 Page 24
The Society of British Theatre Designers Limited Notss to the Financial Statements for the Year Ended 31 December 2024 At31 December 2023 At 1 January 2023 Financlng cash flows Cash at bank and in hand 27.644 (13,822 13,822 13.822 13,822 Net debt Page 25