2025-05-31-accounts

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Charity number: 1011504

PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

CONTENTS

	Page
Referenceand administrative details ofthe Charity, its Trustees and advisers	1
Trustees’ report	2-4
Independent examiner's report	5-6
Statement offinancial activities	7
Balance sheet	8
Notestothefinancialstatements	9-20

PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2025

Trustees

Dr Anthony Evans (Headteacher of Prince Henry's High School) Mr Stephen Cook (Chair)

Mr John Painter Mr Alan Roberts Mrs Susan Sollis Mr John Smith Mrs Jenny McLeish

Charity registered number 1011504

Principal office The Henrician Theatre Victoria Avenue WR11 4QH

Page 1

PRINCE soect EVESHAM, ARTSTHEATRETRUST

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MAY 2025

TE The Trustees present their annual report together with the financial statements of the Prince Henry's, Evesham, Arts Theatre Trust for the year ended 31 May 2025.

Structure & Recruitment of Trustees

The charity is controlled by its governing souent a trust deed of 30th April 1992, amended on 20th July 2020. The Board of Trustees consists of seven Tr istees; one ex-officio (the headteacher of the School), two appointed by the Governing Body and four co-opted trustees to be appointed by resolution of the other trustees for the time being, having regard to their special interests and qualifications in relation to the Charity.

The Chair and Trustees serve for five years and are then eligible for reappointment. The Board of Trustees meet at least annually to discuss strategic, operational and financial matters.

Principal Activities and Objectives

Prince Henry's Evesham, Arts Theatre (tia ‘The Henrician’) is an independent trust set up to manage and operate the theatre owned by Worcestershire Hills Trust, and part of the Prince Henry’s High School (PHHS) estate. Formed in 1992, the goals of the charity is to provide advancement of the education of the pupils of the theatre.school and to provide advancement of education| in the arts of the general public by the maintenance of an art

The trust's mission is to create and develop a diverse arts programme for the local community of Evesham, Worcestershire, and the surrounding areas and to develop and improve the theatre over time to meet the needs of tomorrow's audiences.

The trust holds universal values moughon te organisation and welcomes audiences and staff from all faiths, religions, cultures and races and believes th ' the arts should be accessible to all.

Public Benefit

:

The Trustees have complied with the duty in Section 17 of the Charities Act 2011, to have a due regard to public benefit guidance published by the Charity Commission in exercising their powers or duties. In particular, the Trustees consider how planned activities will Peontibate to the aims and objectives they have set.

Prince Henry's Evesham, Arts Theatre (t/a ‘The Henrician’) was formed in 1992, with the goals of the charity is to provide advancement of the education of the pupils of the school and to provide advancement of education in the arts of the general public by the maintenance of an art theatre. The Trust has developed a diverse arts programme for the local community of Evesham, Worcestershire, and the surrounding areas and to develop and improve the theatre over time to meet the needs of tomorrow's audiences.

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

Highlights from the period ending 31 May 2025 include:

• . In the period ist June 2024 to 31st May 2025 the Henrician again welcomed over 10,000 patrons.

• ° The refurbishment works to the Foyer, Backstage, and Bar areas were completed successfully in summer 2024, breathing new life into the Theatre and allowing the Charity to offer a wider range of refreshments and uplifting the experience of our patrons.

• ° Local amateur dramatics continue to make up a large proportion of shows held at The Henrician, with over 50% of these shows having a large involvement of young people of all abilities.

• ° The Henrician continues to provide a great variety of shows, with a recent focus on introducing more shows for families and younger people.

Financial review

a. Going concern

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.

b. Reserves policy

The trustees seek to ensure the long-term financial viability of the organisation. In doing so, they consider the perceived operating risks, strategic objectives and the required level of unrestricted funds.

At 31 May 2025, total funds stood at £67,691 (2024 £72,732) of which £2,707 is restricted in relation to wireless receivers (2024: £Nil). This equates to 6.7 months of expenditure or 29.3% of income.

The Trustees believe that the currently held reserves are adequate to ensure that the organisation can continue - to operate as a going concern.

Operating Results

The accounts have been prepared on an accruals basis, with a deficit for the period ending 31 May 2025 of £5,041 (2024, deficit £13,387).

Plans for future periods

The charity believes that the shows delivered by the Henrician are now at capacity during the open season. However, further refurbishments are needed to the backstage changing areas, toilets facilities and foyer area.

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

TRUSTEES’ REPORT (CONTINUED) FOR THE YEAR ENDED 31 MAY 2025

Statement of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

• e select suitable accounting policies and then apply them consistently;

• e observe the methods and principles of the Charities SORP (FRS 102);

• e make judgments and accounting estimates that are reasonable and prudent;

• e state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;

• e prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

wMr Stephen by orderCook of the members of the board of Trustees and signed on their behalf by: (Chair of Trustees) Date: 20/1 (or

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

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INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MAY 2025

Independent Examiner's Report to the Trustees of Prince Henry's, Evesham, Arts Theatre Trust (‘the Charity’)

| report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 May 2025.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 20141 Act’).

| report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

| understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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21 November 2025

PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MAY 2025

					As restated
		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
		2025	2025	2025	2024
	Note	£	£	£	£
Income from:
Donations and legacies	4	3,000	-	3,000	52,835
Charitable activities	5	-	75,759	75,759	89,057
Othertrading activities		-	39,013	39,013	38,279
Investments	6	-	1,868	1,868	3,456
Totalincome		3,000	116,640	119,640	183,627
Expenditure on:
Charitable activities	7	293	124,388	124,681	197,014
Total expenditure		293	124,388	124,681	197,014
Netmovement infunds		2,707	(7,748)	(5,041)	(13,387)
Reconciliation offunds:
Totalfunds broughtforward		-	72,732	72,732	86,119
Netmovement infunds		2,707	(7,748)	(5,041)	(13,387)
Totalfundscarriedforward		2,707	64,984	67,691	72,732

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 20 form part of these financial statements.

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

BALANCE SHEET AS AT 31 MAY 2025

				2025		2024
	Note			£		£
Tangible assets	10			18,508		-
				18,508		-
Current assets
Stocks	11	1,949			2,736
Debtors	12	23,012			2,810
Cash at bank and in hand		38,203			95,370
		63,164	~		100,916
Current liabilities
Creditors: amounts falling due within one
year	13	(13,981)			(28,184)
Netcurrent assets				49,183		72,732
Total net assets				67,691		72,732
Charity funds
Restricted funds	16			2,707		-
Unrestricted funds	16			64,984		72,732
Totalfunds				67,691		72,732

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Mryy Cook (Chair of Trustees) Pate: Lol (THrS - The notes on pages 9 to 20 form part of these financial statements.

Page 8

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

1. General information

Prince Henry's, Evesham, Arts Theatre is a charity constituted under the governing document ‘The Prince Henry's School Evesham Charitable Trust - Trust Deed’ in England, whose registered office and primary place of business is The Henrician Theatre, Victoria Avenue,Evesham, WR11 4QH. It has no share capital. It is principal activities are to support the advancement of the education of the pupils of the school; and the advancement of education in the arts of the general public by the maintenance of an arts theatre.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Prince Henry's, Evesham, Arts Theatre Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

• 2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs , _- involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

2. Accounting policies (continued)

2.3 Expenditure (continued)

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.5 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line methcd.

Depreciation is provided on the following basis:

Fixtures and fittings - 20% Office equipment - 20%

2.6 Stocks

,

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

eeee ee ee eeeeee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

2. Accounting policies (continued)

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.11 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

3. Prior year presentation adjustment

A prior year presentational adjustment was made to include promoter fees against the total income instead of total expenditure. The box office income is inclusive of income received on behalf of the promoters which is then transferred via the promoter fee line. This decreased both income and expenditure by £100,614 for the year ended 31 May 2024. There were no changes to the year end reserves.

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

4, Income from donations and legacies

Grants

Donations

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Restricted Unrestricted Total
funds funds funds
2025 2025 2025
£ £ £
3,000 - 3,000
Unrestricted Total
funds funds
2024 2024
£ £
52,835 52,835
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5. Income from charitable activities

		Unrestricted	Total
		funds	funds
		2025	2025
		£	£
PPL/PRS Income		1,858	1,858
Square discounts		(1,686)	(1,686)
Box Office		150,394	150,394
Promoterfees	.	(114,517)	(114,517)
Venue Hires		32,630	32,630
Transaction Fees		6,967	6,967
Other income		113	113
		75,759	75,759

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

5. Income from charitable activities (continued)

	As restated	As restated
	Unrestricted	Total
	funds	funds
	2024	2024
	£	£
PPL/PRS Income	1,613	1,613
Square discounts	(3,523)	(3,523)
Box Office	150,597	150,597
PromoterFees	(100,614)	(100,614)
Venue Hires	34,610	34,610
Transaction Fees	6,374	6,374
	89,057	89,057

6. Investment income

Bank interest Bank interest

Unrestricted	Total
funds	funds
2025	2025
£	£
1,868	1,868
Unrestricted	Total
funds	funds
2024	2024
£	£
3,456	3,456

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

7. Analysis of expenditure by activities

	7	Support	Total
		costs	funds
		2025	2025
		£	£
Donation towards facilities, utilities and cleaning		42,750	42,750
Running costs		8,214	8,214
Depreciation		1,858	1,858
Othercosts ;		7,572	7,572
Front ofHouse costs		18,787	18,787
Administration costs		16,124	16,124
Barcosts		23,558	23,558
Bad and doubtful debts		2,164	2,164
Accountancyfees		3,654	3,654
		124,681	124,681
		As restated	As restated
		Support	Total
		costs	funds
		2024	2024
		£	£
Management Fee		34,500	34,500
Running costs		4,647	4,647
Grant out(PHHS)		80,000	80,000
Othercosts		7,453	7,453
Front ofHousecosts		20,029	20,029
Utilities		4,797	4,797
Administration costs		13,981	13,987
Barsupplies		19,919	19,919
Cleaning		10,488	10,488
Accountancyfees		1,200	1,200
		197,014	197,014

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

8. Independent examiner's remuneration

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||||||||| |---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Fees|payable|to the|Charity's|independent|examiner|for the|independent| |examination|of the|Charity’s|annual|accounts|1,284|1,200|

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Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 31 May 2025, no Trustee expenses have been incurred (2024 - ENIL).

10. Tangible fixed assets

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|||||||| |---|---|---|---|---|---|---| |Fixtures|and|Office| |fittings|equipment|Total| |£|£|£| |Cost|or valuation| |Additions|4,817|15,549|20,366| |At 31|May 2025|4,817|15,549|20,366| |Depreciation| |Charge for the year|778|1,080|1,858| |At|31|May 2025|778|1,080|1,858| |Net|book|value| |At 31|May 2025|4,039|14,469|18,508| |At 31|May 2024|-|-|-| |11.|Stocks| |.|2025|2024| |£|£| |Finished|goods|and|goods|for resale|1,949|2,736|

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

ee}

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

12. Debtors

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Due within|one year| |Trade|debtors|890|2,608| |Amounts|owed|by|Prince|Henry|High|Schoo! Academy Trust|18,937|-| |Prepayments|and|accrued|income|3,185|202| |23,012|2,810|

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13. Creditors: Amounts falling due within one year

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|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Trade|creditors|1,130|-| |Amounts|owed|to|Prince|Henry|High|School Academy Trust|-|891| |Other|creditors|659|452| |Accruals|and|deferred|income|12,192|26,841| |13,981|28, 184|

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14. Financial instruments

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Financial|assets| |Financial|assets|measured|at|fair value|through|income and|expenditure|38,203|95,370|

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PRINCE HENRY’S, EVESHAM, ARTS THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 .

15. Accruals and deferred income

	2025	2024
	£	£
Deferred income at 1 June 2024	24,301	15,404
Resources deferred during theyear	9,588	24,301
Amounts released from previous periods	(24,301)	(15,404)
Deferredincomeat31May2025	9,588	24,301

Gross deferred income before payment to promoters of £9,588 (2023: £24,301) consists of income related to events taking place in financial year ending 2026. Part of the deferred income will be paid out to promoters when the event happens in the financial period ending 2026.

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

16. Statement of funds

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Statement of funds - current year
Balance at 1 Balance at
June 2024 Income Expenditure 31 May 2025
£ £ £ £
Unrestricted funds
General Funds 72,732 231,157 (238,905) 64,984
Restricted funds
Wireless receivers - 3,000 (293) 2,707
Total of funds 72,732 234,157 (239,198) 67,691
Statement of funds - prior year
Balance at Balance at
1 June 2023 Income Expenditure 31 May 2024
£ £ £ £
Unrestricted funds
General Funds- all funds 86,719 284,247 (297,628) 72,732
Summary of funds funds
Summary of funds - current year
Balance at 1 Balance at
June 2024 Income Expenditure 31 May 2025
£ £ £ £
General funds ‘ 72,732 231,157 (238,905) 64,984
Restricted funds - 3,000 (293) 2,707
72,732 234,157 (239,198) 67,691
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17. Summary of funds funds

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

17. Summary of funds (continued)

Summary of funds - prior year

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Balance at Balance at
1 June 2023 Income Expenditure 31 May 2024
£ £ £ £
General funds 86,119 284,241 (297,628) 72,732
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Restricted funds

Wireless receivers - The wireless receivers are in fixed assets under office equipment. They are being depreciated over 5 years, the expenditure each year is the depreciation charge.

18. Analysis of net assets between funds

Analysis of net assets between funds - current year

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||||||| |---|---|---|---|---|---| |Restricted|Unrestricted|Total| |funds|funds|funds| |2025|2025|2025| |£|£|£| |Tangible|fixed|assets|2,707|15,801|18,508| |Current assets|-|63,164|63,164| |Creditors|due within|one year|-|(13,981)|(13,981)| |Total|2,707|64,984|67,691| |Analysis of net assets between funds-|prior year|

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||||||| |---|---|---|---|---|---| |Unrestricted|Total| |funds|funds| |2024|2024| |£|£| |Current assets|100,916|100,916| |Creditors|due|within|one year|(28, 184)|(28, 184)| |Total|72,732|72,732|

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PRINCE HENRY'S, EVESHAM, ARTS THEATRE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

19. Related party transactions

The charity works closely with Prince Henry's High School (PHHS) as the theatre is part of the school’s estate. The charity also works with Tracey Sollis Leukaemia Trust (TSLT) which our Trustee, Susan Sollis is Founder and Trustee.

During the year, the charity agreed to make a contribution of £80,172 to Prince Henry's High School Academy Trust for running costs, staff costs and other related expenditure (2024: £69,248).The amount receivable from Prince Henry's High School Academy Trust at the year end was £18,937 in respect of a cash advance made by the charity(2024: £891 was payable to Prince Henry's High School Academy Trust).

A sales commission for tickets was also paid to TSLT during the year, for £162 (2023/24: £629)

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