Charfty Number 1011504 PRINCE HENRYS. EVESHAM. Altrs THEATRE TRUST REPORT OF THE TRUSTEES AND UNAUDrrED RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 MAY 2023 CIty• U.IQ LLP Chartered A¢counlants Oldbury West mIdndS
PRINCE HENRYS. EVESHAM, ARTS THEATRE TRUST CONTENTS OF ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023 Page Report of the trust8eS Independent Ex8mlnerfs Rewt Recdpts and payments accounts statement of ass&5 and liablitk8S Notes to the financlal $18tements
PRINCE HENRY'S, EVESHAM. ARTS THEATRE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023 REFERENCE AND ADMINISTRATIVE DETAILS Registgrgd Charity Numbor 1011504 Princlpal Address The Henrician Theatre w08 Avenue Evesham WR114QH Trustees Dr Anthony Evans (Headteacher of Prln¢e Henry's High School Academy Trust) Mr Stephen Cook (Chair) Mr Mlchael Amies Mr John Painter Mr Alan Roberts Mrs Susan Sollis Mr John Smith Indgpendent Examlnor Crowe U.K. LLP Charter8d AcCntants Blath County House Rounds Green Road Oldtmjry West Midlands B69 2DG Page 1
PRINCE HENRYS. EVESHAM, ARTS THEATRE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023 The trustees present thelr report wlth th8 financlal statement8 of the charfty for the yoar ended 31 May 2023. The trusts8s have pr6pared the accounts on a rKeipt8 and paymonts basss. Strn¢turn & Rocrultmonl of TnMt•O8 The charfty Is controlled by Its govemlng document, a trust deed of 30th Aprtl 1992, amended on 20th July 2020. The Board of Trustees wnslsts of seven Trustees.. one exthclo (Ihe headteacher of the School). two appolnled by the Governlng Body and four Gwted twstees lo be appolnted by resolution of the other tnjstees for the rne belng. havlng regard to thelr speclal Inler&sl8 and qualtficatlon$ In relatlon lo the ChorSty. The Chalr and TfU8tee8 serve for five years and are then ollglble for reappolntmènl. The Board of Trustees meet at least annually to dlsGUS$ stratsglc, operatlonal and fln8nclal mattors. Prfnelpal Actlvltl•• and ObJ•¢tlv•• Prince Henry's Evesham. Art8 Theatre Iva 'Tho Henriclan.) Is an Independent trust set up lo rnanaga and oporato tho theatre owned by Prfnce Henry's High School Academy Tw8t. Fomied In 1992, tho goal8 of the ¢h8rfty1$ lo provldo advan¢8ment of the educ8tlon of the puplls of the school and to provkle advancement of educallon In tho art8 of tho goneral publtc by the m8lntenan¢e of an art theatro. Tho trust'8 m1$81on Is to craate and develop a dlverse art8 programme for th6 tOC81 communlty of Eveshem, Worcesler8hlrg. and the surroundlng ar888 and to develop ond lrnprova th6 thoatro ovar Ilme to meet th8 needs of tomorrow's audl&nce8. The tNst hold8 unlversal values throughout the organls8tlon and welcomes audlence8 and staff trom all falths, rellglons, cuFture8 and r8¢es and belleves that th8 arts should be accessIe to all. Hlghllghts from th• y•w Ondlng 31 May 2023 Include: Th? Henddan Theatr6 had Its first full year of Shows wlthout COVID Intemjpllon. Attendance for Shows condnued to Improve and the Charlty even held notable Sell outs Indudlng a Martl Pellow tslk show. Imthln the perlod. four shows were perfonned by IoGal amateur dramatlc8 groups. Th8 Charfty was happy to report that all shows were wdl attendad by the general publtc and asplro to contlnue thls attendance In future shows. The Theatre has recelved lots of poslllvg fe8dbad( from the reoponlng, wlth the hlrers belng delighted to be able to be back on stage and performing Again. Customers have expressed Ihelr happlness that tho th8atr• 1$ now open and a¢tlve. Community hlrers a now booklng larpr and longer Shows for future perlod8, wllh the Charity expecting attendance numbers and quanw of shows to continue further after th8 year end. Page 2
PRINCE HENRYS, EVESHAM. Airrs THEATRE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MAY 2023 Ro5orv•s Poll¢y The tru8t8e8 seek to ensure th8 lOterni financial viabilty of (Agatn. In dolng so. they consider the rArcewed op8rating risks, Strateg objectives and the required level of unrestricted funds. Al 31 May 2023. total fijnds stixyj at £83,831 on a receipts and paywthts basls. of wfil¢h all of the funds were unrestrlcted. These funds are adequate to ensure that the organisotlon can ntInue to operate as a golng concem. 0ratIng Rmults The arxounts hav¢ been prepared on 8 r8c8lpts and payments basls and the p1 for th• year endlng 31 May 2023 amounted to £52.939 (2022: surplus £19.624). ApF*oved by order of the board of trustao¥ on 30 April 2024 and slgned on It's behall by:
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PRINCE HENRY'S, EVESHAM, ARTS THEATRE I report on the attounts for the yearend8d 31 Mey 2023 sel out on pages 4 to 6 The report Is made solety to the charfty's Truste88. as a body. In accordance wlth S8Ctton 145 of the Charftles Act 2011 and regulatlons under Section 154 of that Act. My work has b88n undertakon so that I mlght State lo the charfty'$ Trustees those matters l am required to State lo Ihem In an Independ?nt oxamIne$ report and for no other purp08e. To the full8St 8Xtent peItted by law. I do not accept or a88um8 ra$pon8lbllty to anyon• other than tha charfty and lh8 charfty's Trustees as a body, for rny Vrk for th18 report. Respectlve rnspon•lbllltle8 of tfUSt888 and examlner The chadty's Tru8t8•9 are responslble for the preparalton of the accounts. The Gharlty's Trustees conslder that an audlt18 not requlred for thls year (under Sectlon 14492) of the Charfll88 Act 2011 (the 2011 Act)) and that an Independent examlnallon.ls requlred. It Is my responslblllty to: examin8 the accoun18 under S8cUon 145 of the 2011 Act to follow th8 procedures lal¢J down In the General Dlrectlon8 gfven by the Charttlos Comml8slon lunéfrr Soctlon 14515)Ibl of the 2011 Act). and to state wh6th8r partlcular matters have come to my attantlon Bas18 of th• Indop•ndont ox•mln•rfo r•port My examlnatlon was Garded out In accordance wllh the General Dlrectlon8 glven by the Charity Commlsslon. An examlnatlon Includes a revlew of the accountlng records kept by Ihè ¢harKy and ¢omparl8on of the acwjnts presented wtth those records. It also include$ ¢onslderaUon of any unusual Item8 or d18closure8 In the accoun18, and 8eeklng explanallons from you as trustees concemlng any 8uch matters. The procedures und8rtaken do not provlde all the evldence that would be roqulred In an audll. and consequently no oplnlon Is glven 88 to whether the accounts pr988nt a 'tnJa and falr vlew, and tho report181Smiled to those matter8 set out In the 8tatements below. Ind•pendenl examlner'• Itatoment In connecllon wllh my examlnatlon, no matter has ¢omg to my attentlon: (1) whbch glv•s mg rnasonablo cause to belleve that, In any materfal r88PaCt. tho requlroments to keep a¢countlng records In accordance wllh Sectlon 130 of the 2011 Ael; and to prepare accounts whlch acrd wlth the accountlng records and to comply wlth the accounllryJ requlremenls of the 2011 Act. have not been met,. or. 12) to whlch. In my oplnlon, attenUon Should be drawn In order to enablg a propar understandlng of thq accounts to be rea¢hed. Kery Brown FCA Cr¢)we U.K. LLP Chartered Accountants Black Country Hous6 Rounds Green Road Oldbury West Midlands B69 2DG Date: l May 20024 Page 4
PRINCE HENRYS. EVESHAM. ARTS THEATRE TRUST RECEIPTS AND PAYMEKfs ACCOUNTS FOR THE YEAR ENDED 31 MAY 2023 31.May43 Total Fund8 314lay42 Total Funds Recelpts Hlre Income Box Office Bar Sales Other income Interest 89,924 127,632 23.764 36,433 28.163 5.783 6.406 14 776 Total RKoipts 243,744 76,799 Bar Supplies Card Fees catakerS Insurance Accountancy fe8S Other Costs Promotor Fee8 Management Fee Setup Costs Staff Costs Grants 17,828 8,151 1,657 1,650 5,735 114.315 23,159 3,228 38,324 4.975 10,153 15.000 Total Payments 190,805 57.175 Net of r8ceiptsl{payments) 52,939 19,624 CASH FUNDS AT 31 IAAY 2022 30.893 11.269 Cfv3H FUNDS AT 31 MAY 2023 83.831 30,893 Page 5
PRINCE HENRYS, EVESHAM. ART8 THEATRE TRUST STATEMENT OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 MAY 2023 314lay43 Funds 31-May42 Funds Cash Funds Bank & Ca8h 83,831 30,893 Curr•nt A•8•ts Stock 08btor8 2,551 34,024 Currant Llabllltl•• Credltors 23,392 The financial statements vmre approved by the Board of Trustees on 30 April 2024 and were signed on Its behalf by: Trust Page 8
PRINCE HENRYS. EVESHAM, ARTS THEATRE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAAY 2023 1. ACCOUNTING POLICIE8 The financlat statements have been prepared on a receipts and paymonts basL8. Legal statu8 of the charlty Prince Henrys. Evesham. Arts Theatre b a tharlty o)nstitirted under the govemlng document The Prlnce Henry'$ S¢hool Eve5ham Chaiilable Tru$t- Trust Deed. in Erwjland, whose reglstered office and prlmary fv of business is The Henrlan Theatre. Wthia Av8nu8. Evesham. WR114QH.11 has no shar8 capilal. Its principal a¢vill&S arn to support the advancement of Ihe jUGallon of the pupils of tho School: and th8 advancament of educ8tlon In tho arts of tho genwal p1¢ by tho malntenarKe of an arts theatre. In¢om• Al Incom818 recognlled In arKI PayTngnts oncg th8 charlty ha8 rec8W fund8. Expondltur¢ All payments are recopn180d In RoeaW8 and Payments kcounts wtrwn It Is pakl. T•xatlon charlty18 exempt from tsx on tt8 dwttat48 acthitk)8. Fund A¢¢ountlnq General funds are unr•strkted funds whlth are avallabl8 for w at tho dLxatkn of the Tru8te88 In furtherance ol the general obAecU¥o8 of Ihe charlty and whlch have not been den8ted for othar wrpos68. I FUNDS ANALY818 Balanco at 3110512022 Exp•ndllur• Balanco at 3110512023 Unr••trl¢t•d FdI General Funds Total Unrn•trl¢l•d Fund• 831 Totsl Fund$