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← Theatre Porto

2025-03-31-accounts

Registered number: 02408067 Charity number: 1042968

Theatre Porto Ltd

INDEPENDENTLY EXAMINED ACCOUNTS FOR THE YEAR ENDED 31/03/2025

Prepared By:

Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH

Theatre Porto Ltd

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/03/2025

TRUSTEES

Michael Bonsall-Redston Debbie Tomkinson Emma-Louise Parry-Jones (resigned 21/11/2024) Keith Jones Janet Dunn Christine Lydon Jennifer Walker (appointed 23/05/2024) Mathew Jayne Clive Marshall Karen O'Neil Anna Barker

REGISTERED OFFICE

Theatre Porto Stanney Lane Ellesmere Port Cheshire CH65 6QY

COMPANY NUMBER 02408067 CHARITY NUMBER 1042968

BANKERS

Bank of Scotland

INDEPENDENT EXAMINER Julie Guinan FCCA

Harvey Guinan LLP Chartered Certified Accountants Unit 17 Mersey House Matchworks Estate, 140 Speke Road Liverpool Merseyside L19 2PH

page 1

Theatre Porto Ltd

ACCOUNTS FOR THE YEAR ENDED 31/03/2025

CONTENTS

Page
Trustees' Report 3
Independent Examiners Statement 11
Statement Of Financial Activities 12
Balance Sheet 13
Cash Flow Statement 14
Notes To The Accounts 15
sofa Incoming Resources 24
sofa Resources Expended 25

page 2

Theatre Porto Ltd

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

The trustees present their report and accounts for the year ended 31/03/2025

The Trustees intend that this Annual Report also serves as the Statutory Directors' Report. The Directors of the Charitable company (the charity) are its trustees for the purposes of charity law and throughout the report are collectively referred to as the trustees.

Reference and administrative details are provided in the company information section of these accounts at page 1. The financial statements comply with current statutory requirements, the memorandum and articles of association, the Charities Act 2011, the Companies Act 2006 and the 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 (FRS102) (issued January 2022).

ORGANISATION OVERVIEW MISSION

Theatre Porto, based in Ellesmere Port, specialises in creating theatre for children and young people (CYP) while leading socially engaged programmes for CYP and disabled adults. Our mission is to produce imaginative, socially relevant work that challenges and delights, with our recently newly established, purpose-built theatre being the only specialist venue for CYP in Cheshire and Merseyside.

Our approach is child-centred, inclusive, collaborative, and experimental. We prioritise diversity, confronting inequalities related to social class, gender, sexuality, disability, and cultural background.

Theatre Porto has a proven track record of delivering high-quality programmes with modest investment from Arts Council England (ACE). Notably, in 2021, we initiated delivered and completed a £2.5M refurbishment of our existing building to create a brand new theatre space cultural centre together with facilities to allow us to provide more support and opportunities for the communities we work with. This work was supported by ACE and Cheshire West & Chester Council, enhancing our service capacity. Despite our small size, we have increased our annual turnover to approximately £500k through successful fundraising and diversified income streams.

Vision & Strategic Goals

Our vision is to be a nationally recognised specialist centre for CYP, transforming Ellesmere Port into a town rich in accessible, creative experiences. We aim to pioneer world-class theatre, blend the playful with the political, and inspire communities both locally and nationally. Our strategic goals included artistic innovation, social impact, support for underrepresented creatives, environmental responsibility, and financial sustainability.

Challenges in 2024/25 included maintaining organisational capacity, financial stability, and responding to national economic instability. However, our dedicated leadership, inclusive practices, and strong governance framework position us to overcome these obstacles.

Artistic Vision

To be a theatre of artistic enquiry, experimentation, and collaboration, for artists, children, young people, practitioners, educators, and creative thinkers.

page 3

Theatre Porto Ltd

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

Transformation and Social Impact

In 2024/2025 we utilised our cultural building and our artists to assist with the transformation of the town and impact the lives of CYP, using creativity to realise potential.

Establishment as a Nationally Recognised Specialist Centre

In 2024/2025 we continued to develop our venue as a specialist inclusive centre for children and young people, with the aim of strengthening our position as a cultural resource of local, regional, and national significance.

Leadership in Inclusive Practice

In 2024/2025 we strengthened our practice and our reputation as a leader in inclusive practice, with a focus on childhood as the starting point for inclusivity.

Supporting Underrepresented Creatives

In 2024/2025 we provided a platform for underrepresented creatives and artists, prioritising diversity and inclusivity within the sector.

Activities

Highlights from 2024/25 include:

Impact

Theatre Porto's activity generated an estimated £356,000 in social value (funded in part by UKSPF), through outcomes in wellbeing, inclusion, access to culture, and local pride.

Key outcomes:

page 4

Theatre Porto Ltd

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

Reach and Outcomes

Contribution to Local Priorities and Council Strategy

Starting Well

o Weekly play group sessions focused on play and communication.

o Person-centred creative activities and weekly groups supporting mental health and wellbeing, with pastoral and 1:1 support.

o Aspirational creative opportunities linked to higher education and career ambition.

o Special holiday projects for looked-after children and those in care.

o Regular inclusive events for families with children who experience SEND.

Tackling Hardship and Poverty

Resilient People Living Their Best Lives

page 5

Theatre Porto Ltd

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

Opportunity in a Fair Local Economy

Neighbourhood Pride

Greener Communities

STRUCTURE GOVERNANCE AND MANAGEMENT

Status

The charity is a company limited by guarantee and not having a share capital. It was incorporated as a company in England and Wales on 26 July 1989 and registered as a charity in England and Wales on 21 December 1994.

ORGANISATION

The Board set and approve the policy for the Charity. In doing so the trustees give due consideration to guidance issued by the Charity Commission regarding, but not limited to stewardship, risk, public benefit and environmental impact. The Board meet four times each year and in between scheduled meetings as required. The Senior Management and staff are responsible for the delivery of the charity's objectives and the day to day operational management of the Charity.

The Board of Trustees is drawn from relevant professional backgrounds to best support the Charity. Trustees are elected in accordance with the Memorandum and Articles of Association which have recently been reviewed. Trustees are elected for a period of three years and may stand for re election at the end of that period for a further three years. They are then required to stand down for a period of 12 months before rejoining if desired. A comprehensive process of induction involving a transfer of information between the Charity and the prospective board member is in place. Training needs are assessed and addressed annually.

page 6

Theatre Porto Ltd

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

TRUSTEES

The names of the present Trustees and all who held office during the year are shown on page 1. No remuneration is paid to any trustee for their services as a trustee and no trustee had a material interest in any of the charity's contracts.

RESPONSIBILITIES OF TRUSTEES

The Charity Trustees (who are also the directors of Theatre Porto for the purposes of company law) are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company Law requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources including the income and expenditure for that period. In preparing the financial statements the trustees are required to:

select suitable accounting policies and then apply them consistently;

observe the methods and principles in the charities SORP;

make judgments and estimates that are reasonable and prudent;

state whether applicable UK accounting standards have been followed subject to any material departures disclosed and explained in the financial statements;

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 proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

PAY POLICY FOR SENIOR STAFF

The directors consider the board of directors who are the trustees and the senior management team comprising the artistic director and executive director in charge of directing, controlling, running and operating the Trust on a day to day basis. All directors give of their time freely and no director received remuneration in the year. Details of directors' expenses and related party transactions are disclosed in the notes to the accounts.

The pay of senior staff is reviewed and reflects the level of skill, experience and knowledge for the roles and remuneration levels in the sector.

KEY MANAGEMENT PERSONNEL

page 7

Theatre Porto Ltd

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

Senior Managers of Theatre Porto

Artistic Director - Nina Hajiyianni

Executive Director - Caroline Brader

OBJECTIVES AND ACTIVITIES

Principal Activity

The principal activity of the charity is working with young people, their supporters, and families to create and present performing arts through theatre, new writing, and workshops.

OBJECTS OF THE CHARITY

Our charitable objective is to advance education, particularly for young people, in the performing and visual arts. We deliver this through a rolling three-year business plan aligned with policies on Equality, Safeguarding, Health & Safety, Financial Control, Environment, Fundraising, and Data Protection.

INVESTMENT POLICY

Under the Memorandum and Articles of Association the Charity has the power to make any investment which the Trustees see fit.

RELATED PARTIES

The Charity has a close relationship with Arts Council England and Cheshire West and Chester Council, both of whom provide funds for the Charity to carry out its charitable objectives.

ACHIEVEMENTS AND PERFORMANCE

In 2024/25, Theatre Porto delivered over 23,000 cultural engagements, including 16,643 audience members and 7,153 participatory interactions, reinforcing our position as a nationally recognised centre for children and young people (CYP) in theatre.

We produced or co-produced 6 original productions, collaborated with 18 visiting companies, and significantly expanded our programme of inclusive events, school partnerships, and community-driven activity. Notable works included The Tale of Nobody Nose, Jack Frost, Star of Wonder, and the national tour of Atom and Luna.

The Topsy Turvy Festival 2024 marked a major success, attracting over 6,300 visitors—a 43% increase from the previous year— demonstrating the growing impact of this free, inclusive, family-first celebration. The festival offered over 5,800 creative experiences, and generated a 2:1 social return on investment, alongside a 105% increase in Pay-What-You-Can donations.

page 8

Theatre Porto Ltd

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

VOLUNTEERS

Theatre Porto offers local volunteering opportunities that support skills development and deepen community involvement.

RISK MANAGEMENT

Our controls, systems, and business planning processes are regularly reviewed to ensure risks are mitigated and business continuity is preserved.

PUBLIC BENEFIT

Theatre Porto advances education and entertainment by making theatre that is accessible, inclusive, and engaging for all. Whitby Hall is used by diverse community groups and supports local priorities through creative and wellbeing-focused activities.

FINANCIAL REVIEW

Total incoming resources were £572,160 (2024: £477,264). Total resources expended were £546,500 (2024: £516,520) resulting in net incoming resources of £14,347 on the unrestricted fund (2024: £6,968 net incoming resources) and £11,313 net incoming resources on the restricted funds (2024 net outgoing resources £46,224). The balance of unrestricted funds is £111,723 (2024: £97,376) at the year end comprising unrestricted general funds of £99,723 (2024 £85,376) and £12,000 (2024 £12,000) designated development funds. The balance on the restricted funds at 31 March 2025 was £380,213 (2024 £368,900). Total funds on the balance sheet at 31 March 2025 were £491,936 (2024 £466,276).

RESERVES POLICY

Types of Reserves Held

  1. Free Reserves: Unrestricted funds not tied to any specific purpose, available to meet general operational needs and manage financial risk.

  2. Designated Reserves: Unrestricted funds earmarked by trustees for specific future projects or contingencies.

  3. Restricted Reserves: Funds received for specific purposes, which must be spent in accordance with the donor's terms.

  4. Non-Cash or Technical Reserves (e.g. Funded Capital): These may appear on the balance sheet but do not represent available resources. For example, the Funded Capital reserve relates to fully spent grant income and is excluded from usable reserves.

The charity aims to maintain free reserves equivalent to 3 months of operating costs. These are held in a separate account and require approval from two trustees for release. The free reserves being those funds not tied up in fixed assets or designated funds are £92,682.

FIXED ASSETS

page 9

Theatre Porto Ltd

FOR THE YEAR ENDED 31/03/2025

TRUSTEES' REPORT

Full details of the movements in the company's fixed assets are set out in the notes to the accounts.

EQUAL OPPORTUNITIES

The charity applies equal opportunities at all levels and in all operations.

POLICIES

The charity maintains formal policies on Equality, Safeguarding, Health and Safety, Environmental Sustainability, Financial Controls, Fundraising, and Data Protection. These are reviewed and updated regularly.

POLITICAL CHARITABLE DONATIONS

During the year there were no political or charitable donations made.

AUDIT

This company is exempt from audit under section 477 of the Companies act 2006 and therefore no audit has been carried out.

APPROVAL

The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.

This report was approved by the Board of Trustees on 11/09/2025 and is signed by order of the Board

Janet Dunn Trustee

page 10

Theatre Porto Ltd

INDEPENDENT EXAMINER'S STATEMENT

FOR THE YEAR ENDED 31/03/2025

I report on the accounts of the charity for the year ended 31/03/2025

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER

As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

BASIS OF INDEPENDENT EXAMINERS STATEMENT

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

INDEPENDENT EXAMINERS STATEMENT

The company's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

I 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.

.................................................................. Independent Examiner:

Julie Guinan FCCA 11/09/2025

Harvey Guinan, Chartered Certified Accountants, Unit 17 Mersey House, Matchworks Estate, 140 Speke Road, Liverpool, L19 2PH

page 11

Theatre Porto Ltd

Statement of Financial Activities for the year ended 31/03/2025

Income
Income from generated funds
Income from charitable activities
Total Income and endowments
Expenses
Costs of generating funds
Expenditure on Charitable activities
Total Expenses
Net Income
Net movement in funds:
Net income for the year
Total funds brought forward
Net funds carried forward		 Unrestricted
funds
£
315,505
315,505
301,158
301,158
14,347
14,347
97,376
111,723		 Restricted
funds
£
256,655
256,655
245,342
245,342
11,313
11,313
368,900
380,213		 2025
Total
£
572,160
572,160
546,500
546,500
25,660
25,660
466,276
491,936		 2024
Total
£
477,264
477,264
516,520
516,520
(39,256)
(39,256)
505,532
466,276

This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities

page 12

Theatre Porto Ltd

BALANCE SHEET AT 31/03/2025

Notes
FIXED ASSETS
Tangible assets
4
CURRENT ASSETS
Debtors (amounts falling due within one year)
5
Cash at bank and in hand
CREDITORS: Amounts falling due within one year
6
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
RESERVES
Unrestricted funds
8
General fund
Designated funds
Restricted funds
9		 59,078
128,232
187,310
25,092		 2025
£
329,718
162,218
491,936
99,723
12,000
380,213
491,936		 26,285
120,736
147,021
56,035		 2024
£
375,290
90,986
466,276
85,376
12,000
368,900
466,276

For the year ending 31/03/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the board of trustees on 11/09/2025 and signed on their behalf by

............................. Janet Dunn Trustee

page 13

Theatre Porto Ltd

CASH FLOW FOR THE YEAR ENDED 31/03/2025

Notes
NET CASH INFLOW FROM OPERATING ACTIVITIES
19a
CAPITAL EXPENDITURE AND FINANCIAL INVESTMENT
Payments to acquire tangible assets
Net cash inflow from capital expenditure and financial investment
NET CASH INFLOW BEFORE FINANCING
FINANCING
INCREASE IN CASH		 (1,872) 2025
£
9,368
(1,872)
7,496
7,496

page 14

Theatre Porto Ltd

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/03/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

1b. Incoming Resources

All Incoming Resources are included on the Statement of Financial Activities when the charity is legally entitled to the Income and the amount can be quantified with reasonable accuracy.

1c. Resources Expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources.

1d. Allocation And Apportionment Of Costs

All costs relate to the single activity of the charitable company and are recognised accordingly.

1e. Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Designated funds are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.

1f. Depreciation

Fixed assets are shown at historical cost.

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

straight line 16.67 to 33.33 Fixtures And Fittings % Equipment straight line 10 %

page 15

Theatre Porto Ltd

1g. Pension Costs

The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.

1h. Turnover

Turnover represents the invoiced value of goods and services supplied by the company, including revenue grants.

1i. Leasing Commitments

Rentals payable under operating leases are charged to the income and expenditure account on a straight-line basis over the term of the lease.

Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review.

1j. Policy For Financial Instruments

The charity has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initally recognised at transaction value and subsequently measured at their settlement value.

Incentives received to enter into a lease agreement are recognised in the profit and loss account over the shorter of the lease term and the period to the next lease review.

1k. Policy For Debtors

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

1l. Policy For Cash At Bank And In Hand

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

1m. Policy For Creditors And Provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement value amount after allowing for any discount due.

1n. Policy For 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 Bank.

page 16

Theatre Porto Ltd

1o. Policy For Going Concern

At the time of approving the financial statements the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

2. DIRECTORS AND EMPLOYEES

Particulars of employees (including directors) are shown below:

Employee costs during the year amounted to:
Wages and salaries
Social security costs
Pension costs		 2025
£
265,266
9,496
7,890
282,652		 2024
£
267,040
13,841
7,480
288,361

No director of the board, being also a Trustee, received any remuneration for their services as a Trustee. No director had any interest in any of the company's contracts during the year.

There were 13 FTE employees during the year (2024 - 12).

3. PENSION CONTRIBUTIONS

3. PENSION CONTRIBUTIONS
Pension contributions 2025
£
7,890
7,890		 2024
£
7,480
7,480

page 17

Theatre Porto Ltd

4. TANGIBLE FIXED ASSETS

Cost
At 01/04/2024
Additions
At 31/03/2025
Depreciation
At 01/04/2024
For the year
At 31/03/2025
Net Book Amounts
At 31/03/2025
At 31/03/2024
5. DEBTORS
Amounts falling due within one year:
Trade debtors
Other debtors
Included in 2024 Debtors is £12,411 in respect of a claim for Theatre Relief.
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Taxation and social security
Other creditors		 Fixtures
and
Fittings
£
35,312
1,872
37,184
29,930
1,221
31,151
6,033
5,382		 Equipment
£
462,233
-
462,233
92,325
46,223
138,548
323,685
369,908
2025
£
55,978
3,100
59,078
2025
£
11,711
3,344
10,037
25,092		 Total
£
497,545
1,872
499,417
122,255
47,444
169,699
329,718
375,290
2024
£
24,249
2,036
26,285
2024
£
6,916
4,584
44,535
56,035

Included in other creditors is £1,300 (2024 £32,300) deferred income being income received in advance of spend in 2025-2026. See deferred income note 11.

page 18

Theatre Porto Ltd

7. LIMITED BY GUARANTEE

The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £1, to the company should it be wound up. At 31/03/2025 there were 10 members.

8. UNRESTRICTED FUNDS

General fund
Designated Development fund		 Brought
forward
£
85,376
12,000
97,376		 Incoming
resources
£
315,505
-
315,505		 Outgoing
resources
£
(301,158)
-
(301,158)		 Transfers
£
-
-
-		 Carried
forward
£
99,723
12,000
111,723

9. RESTRICTED FUNDS

Arts Council England Small Scale Capital
Arts Council England Kickstart Grant
UK SPF - Place Partnership
UK SPF - Our Porto
Restricted Donations and Sponsorship
Westminster Foundation
Cheshire West and Chester Council Annual Grant
Sundry Capital Grants
UK SPF - Big Hub
Lottery Awards for All
Million Hours
Garfield Weston
Small Revenue Project Grants		 Brought
forward
£
303,892
54,570
-
-
-
-
-
10,438
-
-
-
-
-
368,900		 Incoming
resources
£
-
-
31,680
103,004
12,605
41,950
2,500
-
4,999
15,959
1,458
30,000
12,500
256,655		 Outgoing
resources
£
(37,377)
(7,538)
(31,680)
(103,004)
(12,605)
(21,950)
(1,422)
(1,308)
(4,999)
(15,959)
-
-
(7,500)
(245,342)		 Transfers
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Carried
forward
£
266,515
47,032
-
-
-
20,000
1,078
9,130
-
-
1,458
30,000
5,000
380,213

Arts Council England Small Scale Capital

Funds for redevelopment costs, theatre equipment, and the creation of a theatre space

Arts Council England Kickstart Grant

Funds for capital equipment, resources, and the creation of a theatre space

UK SPF - Place Partnership

Funds for work with young people and their families

UK SPF - Our Porto

page 19

Theatre Porto Ltd

9. RESTRICTED FUNDS

Funds from local authority to bring cultural activities to the local community

Restricted Donations and Sponsorship

Funds for Arts Trail and Christmas Dinner

Westminster Foundation

Funds For Drama Drop In Programme

Cheshire West and Chester Council Annual Grant

Funds for Core Activity

Sundry Capital Grants

Funds for Capital Equipment

UK SPF - Big Hub

Funds for work with young people and their families

Lottery Awards for All

Project grants

Million Hours

Funds to provide positive activities for young people

Garfield Weston

Funds for Creative experiences for young people

Curious Minds

Funds for Cultural Learning Exchange project

Small Revenue Project Grants

Funds for community arts projects

10. RELATED PARTY TRANSACTIONS

The aggregate remuneration of key personnel including pension and employer NIC was £90,397 (2024 £85,652). No employee received remuneration in excess of £60,000.

page 20

Theatre Porto Ltd

11. DEFERRED INCOME

Funds in Advance
At 1 April 2024
Released to Income & Expenditure
Income received in Advance in Year
At 31 March 2025		 Total
32,300
(31,000)
-
1,300		 Westminster
Foundation
20,000
(20,000)
-
-		 Awards
For All
11,000
(11,000)
-
-		 Curious
Minds
1,300
-
-
1,300

12. GENERAL INFORMATION

Theatre Porto Ltd (formerly Action Transport Theatre until 8 August 2022 on changing name) is a private company limited by guarantee, with charitable status and incorporated in England. Its registered office is Theatre Porto, Stanney Lane, Ellesmore Port, Cheshire, England, CH65 6QY. The financial statements are presented in Sterling which is the functional currency of the company.

13. INCOME FROM CHARITABLE ACTIVITIES

The income from charitable activities is attributable to that of working with young people, those who work with them and families and carers, towards the creation and presentation of performing arts through the medium of theatre performances, including new writing and workshops.

Investment Income of £2,699 and Income from Charitable Activities of £569,461 gives total Income £572,160.

Cheshire West & Chester Council Core Grant including reopening and recovery
Arts Council England NPO Funding
Cheshire West & Chester Council Project Grant
Curious Minds
Westminster Foundation including CoLC
Esme Fairbairn
Chester Bluecoat
Voluntary Sundry Income and Donations
HAF Programme
Services: Workshops and Education, Equipment Hire, Venue Hire, Visiting
Productions, Cafe Income and Box Office
Big Lottery Awards for All
Theatre Relief
Restricted Donations and Sponsorship
Garfield Weston
Marjory Boddy Charitable Trust
Anton Jurgens Charitable Trust
UK Shared Prosperity Fund
Small Revenue Project Grants (incl. National Lottery Million Hours Fund)		 2025
25,000
177,917
2,500
-
41,950
-
-
7,113
-
101,614
15,959
-
13,767
30,000
7,500
5,000
139,683
1,458
569,461		 2024
26,000
177,916
-
10,700
37,010
3,500
11,250
8,198
2,109
95,356
8,172
12,411
6,151
-
-
-
77,250
1,150
477,173

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Theatre Porto Ltd

14. CORPORATION TAXATION

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

15. ALLOCATION OF NET ASSETS

The net assets are held for the various funds as follows:

Unrestricted Funds
Restricted Funds		 Fixed
Assets
7,041
322,677
329,718		 Net
Current
Assets
104,682
57,536
162,218		 Total
111,723
380,213
491,936

16. RESOURCES EXPENDED

Cost of Operating a Young People's Theatre Company

Organisational Support Costs include establishment and Office Administration Costs

Direct Project Costs
Production, Publicity,Touring & Storage costs
Support Costs
Staff including Contractors
Organisational Support
Costs of Charitable Activity
Governance Costs
Accountancy - Independent Examination
Away Day Costs
Total Resources Expended		 2025
107,013
303,988
133,279
_
544,280
2,220
-
_
2,220
546,500		 2024
116,937
285,735
111,628
_
514,300
2,220
-
_
2,220
516,520

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Theatre Porto Ltd

17. OPERATING LEASE COMMITMENTS

The annual commitments under operating leases are analysed according to the period in which each lease expires as shown below: The Charity had a 25 year lease on the premises it occupied from 2004 at nil rent with service charges payable. In 2020-2021 the charity vacated those premises now subject to capital development by the local authority. The charity currently occupies the premises under a tenancy at will agreement while a new lease and service charge is being negotiated.

2025 2024
Within One Year - -
======= =======
Between two and Five Years - -
======= =======
After Five Years - -
======= =======

18. TRANSACTIONS WITH DIRECTORS

The Charity has met individual travel and subsistence expenses totalling £nil in the year (2024:£nil) incurred by Trustees in attending Board, Committee and other meetings.

19. NOTES TO THE CASHFLOW STATEMENT

19a. Reconciliation of operating profit to net cash flow from operating activities

Operating profit
Depreciation of tangible assets
Increase in debtors
Decrease in creditors
Net cash inflow from operating activities
19b. Analysis of changes in cash and cash equivalents during the year
Balance at 01/04/2024
Net cash inflow
Balance at 31/03/2025
19c. Analysis of changes in financing year
Share
Capital
£		 2025
£
120,736
7,496
128,232
 £
25,660
47,444
(32,793)
(30,943)
9,368
2024
£
109,723
11,013
120,736
Loans and
finance
lease
obligations
£		 2024
£
109,723
11,013
120,736

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Theatre Porto Ltd

Incoming Resources for the year ended 31/03/2025

Incoming resources
Incoming resources from generated funds
Incoming Resources From Charitable Activity
Cheshire West & Chester Council Core Grant
Arts Council England NPO Funding
Cheshire West & Chester Project Grant
Box Office
Gift Aid Income
Westminster Foundation CoLC Delivery
National Lottery - Million Hours Fund
Curious Minds
Restricted Donations and Sponsorship
Services Income
Hire Income
Local Authority
Theatre Relief
Big Lottery Awards For All
Esmee Fairbairn
Marjory Boddy
Garfield Weston
Westminster Foundation
Chester Bluecoat
Anton Jurgens
HAF Programme
Charitable Activity 3
Cafe Income
UKSPF
Small revenue grants
Charitable Activity 4
Voluntary Donations
Charitable Activity 5
Bank interest received		 25,000
177,917
2,500
20,299
1,162
-
1,458
-
12,605
23,956
36,563
-
15,959
-
7,500
30,000
41,950
-
5,000
-
20,796
139,683
-
7,113
2,699		 2025
£
301,460
100,409
160,479
7,113
2,699
572,160
572,160		 26,000
177,916
-
20,046
528
4,660
-
10,700
5,623
18,613
36,050
12,411
8,172
3,500
-
-
32,350
11,250
-
2,109
20,647
77,250
1,150
8,198
91		 2024
£
300,136
69,792
99,047
8,198
91
477,264
477,264

page 24

Theatre Porto Ltd

Expenses for the year ended 31/03/2025

Expenses
Costs of generating funds
Charitable Activities
Operation of a Theatre Company For Young People
Project Marketing
Artists and Creatives
Other Project Costs
Other Projects Freelancers
Website Costs
Production Materials
Venue and Maintenance
Utilities - Gas, Water, Electricity
Actors Wages
Salaries
NIC employer (wages and salaries)
Pension contributions
Other Staffing Costs
Training and Recruitment
Accountancy fees
External Support
Insurance
Hospitality
Travel and Seeing Work
Core Marketing & Promotion
Office Expenses
Utilities Phone and Internet
Small Equipment Purchases
IT Maintenance
Technical Maintenance
Bank charges
Sundry expenses
Depreciation of fixtures and fittings
Depreciation of equipment
Governance Costs
Accountancy - Governance Cost		 2025
£
3,372
35,716
32,407
31,796
2,693
1,029
16,786
15,000
-
265,266
9,496
7,890
17,376
3,960
3,135
8,378
5,874
856
1,522
7,067
2,833
528
-
8,742
8,038
49
7,027
1,221
46,223
544,280
2,220
2,220
546,500		 2024
£
3,746
51,183
26,352
9,844
2,434
2,845
12,947
12,662
21,234
245,806
13,841
7,480
16,500
2,108
2,841
6,419
4,692
161
1,352
5,100
2,675
989
1,667
6,659
4,441
(440)
1,604
934
46,224
514,300
2,220
2,220
516,520

page 25

2024

Theatre Porto Ltd

Expenses for the year ended 31/03/2025

2025

page 26