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¢retaryl￿TreaSUrer 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 I￿enty-nineth slnce the Soclety a￿1Vated 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 en￿Uragernent and promotion of the Art of Theatre Design in the British Isles 2nd Commonwealth and @l￿Where 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 PrOf￿GE0nal 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, woElnded Katie Scott- Xristina Penna nomin*d 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 ASS￿lationS and PrOfeS￿onalS 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 Lo￿O,S on the D+D Committee. There were lots of meelngs with Equity to y￿rk 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 Deli￿d0 from Clare Vidal Hall Agancy and Charlotte Bence from Equty. We discussed the new Equity Fringo Agreement for Designers, talked abwt wt￿l 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, experien￿8. 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 Har0￿3Ve$ (ty)nneding th8 working gTOUP to PDEC) Page 4 The Society of British Theatre Designers Llmlted Truste85' Report Xch8ng8.' Alakèts and I￿￿gnerS Assémblel Was held on 30th September at the Natior￿1 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 ur￿er$￿￿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 c￿e 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. MOtwat￿n & Pu￿Se,. 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 D￿ignerS 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 pUbli￿tionS. No publications were (Xeated in 2024. An arthive of back-issues are hosted on the v￿bsIte 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, resour￿s￿anng. 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 ag￿mentS. Instagram: In￿agraM 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 so￿ety 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 Skills￿ne 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 (AsS￿lation 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 V￿e 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 cap￿re 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 exp￿ti0ft 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 A￿UntIng 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 s￿Iety is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association in 1988. The Society is unting poliry notes. Golng Concem The tru8tee6 conÈider that there are no material uncertaintbes about the charit￿S abilty to continue as a going concem nor any significant areas of Un￿rtaInty 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 re￿nised on a r￿1Vable 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 ra￿1Ved 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 a￿nting 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 ac*vity 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 SeNi￿S 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 knty￿n 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 ServI￿S 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 t￿P}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 In￿rne 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 class￿Cation 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 Subs￿1p11onS 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 Inte￿st 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 allo￿tion 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 D￿IgnerS 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 d￿rity 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 resou￿05 exponded Transfers Restrictsd Linbury Trust Exhibition EdU￿10n31 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