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2025-08-31-accounts

REGISTERED COMPANY NUMBER: 03162429 (England and Wales) REGISTERED CHARITY NUMBER: 1053434

Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 August 2025

Unaudited Financial Statements for the Year Ended 31 August 2025 for Go Live Theatre Projects Ltd Roy Pinnock & Co LLP Chartered Certified Accountants Wren House 68 London Road St Albans Hertfordshire AL1 1NG

Go Live Theatre Projects Ltd

Contents of the Financial Statements for the Year Ended 31 August 2025

Page
DRAFT
Reference and Administrative Details
1
Chairman's Report
2
Report of the Trustees
3 to 8
Independent Examiner's Report
9 to 10
Statement of Financial Activities
11
Balance Sheet
12 to 13
Cash Flow Statement
14
Notes to the Cash Flow Statement
15
Notes to the Financial Statements
16 to 34
Detailed Statement of Financial Activities
35 to 38

Go Live Theatre Projects Ltd

Reference and Administrative Details for the Year Ended 31 August 2025

TRUSTEES J Burke (resigned 16.6.25) A J Clare (appointed 16.6.25) Ms D Dixon A J Herman Ms Y L Jarvis A L Kenwright Ms E M Myers C Prideaux C A Siegel (resigned 17.3.25) Ms A J Sullivan T M C Tabor Ms J Tuffee R Williams OBE (resigned 16.9.25) COMPANY SECRETARY Ms S McIntosh REGISTERED OFFICE Fivefields 8-10 Grosvenor Gardens London SW1W 0DH REGISTERED COMPANY 03162429 (England and Wales) NUMBER REGISTERED CHARITY 1053434 NUMBER INDEPENDENT EXAMINER Roy Pinnock & Co LLP Chartered Certified Accountants Wren House 68 London Road St Albans Hertfordshire AL1 1NG BANKERS Royal Bank of Scotland PLC, 49 Charing Cross, London SW1A 2DX

Page 1

Go Live Theatre Projects Ltd

Chairman's Report for the Year Ended 31 August 2025

I'm pleased to introduce Go Live's annual report for the year ending August 31st 2025. This has been a successful and energising year for Go Live Theatre, marked by confident progress under our new Chief Executive, Sita McIntosh. With renewed leadership and clarity of purpose, the charity has strengthened its delivery of theatre education programmes and advanced its core mission: enabling children from disadvantaged backgrounds to experience the joy and inspiration of live theatre.

Our most important indicator of impact is powerful and simple. This year, almost 13,000 children attended a live performance through our programmes-an increase of almost 50% on the previous year. Behind this number sits the transformative potential of every single theatre experience, each one offering a moment of imagination, confidence and possibility.

We have also focused on positioning Go Live Theatre for its next chapter. A refreshed brand identity and a new website are now in development, ensuring that our look, feel and digital presence match the ambition and professionalism of our work.

The year ahead looks strong. Feedback from pupils and teachers on our education matinees continues to be exceptional, and our ambition grows in step with the increasing need for our work. While government discussions point toward giving the arts greater prominence in the curriculum, drama remains underserved-despite the well-documented benefits it brings to mental health, self-confidence and personal growth. Our programmes are therefore more important than ever. In response, we are planning to extend our work beyond London for the first time, widening access and deepening our national impact.

I am immensely grateful for the team's energy, creativity and determination, and for the Board's thoughtful engagement in guiding our mission. None of what we achieved this year would have been possible without the generosity of our supporters-corporations, individuals, trusts and foundations-whose contributions sustain and expand our work. My heartfelt thanks go to each and every one of them.

Finally, I remain as excited as ever about Go Live Theatre's mission. We know that it can take just one moment-one performance, one speech-to transform a life. Thank you for helping us create those moments.

Charles Prideaux

Page 2

Go Live Theatre Projects Ltd

Report of the Trustees for the Year Ended 31 August 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of 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 trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

What is Go Live Theatre Projects?

Go Live Theatre Projects is a charity that uses the power of theatre to create inspiring experiences and unlock possibilities for young people. We believe that all children and young people should have the opportunity to experience the life-enhancing benefits of seeing and participating in theatre. After all, just one performance can transform a life.

We aim to build the audiences and the workforces of the future by opening up access to live theatre, curating workshops and programmes that develop so-called soft skills including creativity, collaboration, empathy and confidence.

We also help the wider theatre industry, particularly the commercial sector, improve its education and access provision through consultancy and bespoke campaigns to schools and community groups.

We work with schools with a high percentage of students eligible for Free Schools meals (FSM), or with other indicators of disadvantage such as having English as an additional language (EAL) and/or special educational needs or disabilities.

During the financial year 2024/25, we took almost 13,000 children and young people to the theatre, an increase of 77% on the previous financial year.

In past years our Charitable Activities have been broken down into three categories, namely Personal Development, Theatre-Going and Creative Skills. Moving forward we will no longer split our work in this way - instead we will just use the term PROGRAMMES to describe what we do.

Page 3

Go Live Theatre Projects Ltd

Report of the Trustees for the Year Ended 31 August 2025

OBJECTIVES AND ACTIVITIES

Our headline programmes are:

Family First Nights - FFN makes London's theatre accessible to families on low incomes at just £10 a ticket. Families are referred by charities, community agencies, local authorities etc. ensuring that we reach the right people.

Education Matinees - all-school performances where we fill the auditorium with state school pupils with all tickets priced at £10 each. Last year up to 70% of the young people that enjoyed an Education Matinee with Go Live stepped foot inside a theatre for the first time.

Relaxed Performances - Go Live pioneered the first ever Relaxed Performance back in 2012 which was ground-breaking. These performances are carefully adapted to support neuro-divergent audience members, including those on t he autism spectrum and individuals with sensory or communication needs.

Playmakers - Focussed on Primary schoolchildren, Playmakers develops creative writing skills, collaboration and confidence as 90 year six pupils watch a production of The Mousetrap and then working with specialist facilitators, create their own short murder-mystery plays that are then performed by West End actors on the St Martin's Theatre stage for them.

Public benefit

The objectives and activities and achievement and performance sections of this report clearly set out the activities which the charity undertakes for the public benefit. The Trustees confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the charity.

Trustees

The Trustees met four times during the financial year. Clifford Segal ended his tenure in March 2025 and Jonathan Sayer and Roy Williams ended theirs on 16 June 2025, the same day that Anthony Clare joined the board.

The Finance Sub-Committee also met four times a year with the Chief Executive and Development Director to review the budget, forecast and investments.

The Strategy Sub-Committee meets annually and that took place in October 2024 with the Chief Executive and Development Director to formulate and shape the strategy for growth for the financial year. The subsequent organisational re-structure was approved at that meeting.

Staff

2024/25 was a year of major transition for Go Live with the relatively recent arrival of the new CEO, Sita McIntosh and Development Director, Michael Berg (who both joined in September 2024).

A major restructure of the entire organisation was embarked upon with eight members of the team leaving via a mixture of voluntary and compulsory redundancies. The team has been rebuilt and streamlined reducing headcount from 13 to eight. The financial deficit for 2024/25 is due to the cost of restructuring.

Page 4

Go Live Theatre Projects Ltd

Report of the Trustees

for the Year Ended 31 August 2025

ACHIEVEMENT AND PERFORMANCE

Fundraising

Go Live is registered with The Fundraising Regulator and is committed to follow the Code of Fundraising Practice. We use all moneys raised for the purposes stated in our charitable objects. We treat donors fairly, enable them to make informed decisions about any donation, do not take advantage of individuals in vulnerable circumstances and do not cause an unreasonable intrusion on a person's privacy.

We make Gift Aid claims only on donations where all Gift Aid conditions are met.

We ensure that all reporting requirements and conditions attached to donations are met in a timely fashion.

Where we enter into 'commercial participator' fundraising relationships, a contract is signed between Go Live and the company, stating the terms of the relationship.

There were no complaints registered regarding our fundraising.

We are hugely grateful to all our funders and donors for their vital role in giving theatre experiences and new opportunities to almost 13,000 children and young people this year.

FINANCIAL REVIEW

Financial Review

The financial position at the period end was considered satisfactory by the Trustees. During the year, Go Live Theatre received income totalling £687,040 (2024 - £1,075,042) a drop of £388,002 or 36%. A significant drop was always expected as 2023/24 was a "Gala Year" during which a major fundraising Gala took place generating almost £200K in revenue.

Expenditure totalled £789,042 (2023 - £1,098,254) a drop of £309,212 or 28%. Just over £91,000 of that was spent on settlement agreements for the departing staff. The net movement in funds for the year before gains on investments was a deficit of £99,347 (2023 - a deficit of £12,967). Of that, £91K was spent on settlement agreements for the staff that departed the organisation. After realised gains on investments of £2,655 (2024 - gain of £10,245), this resulted in total funds at 31 August 2024 of £455,917 (2024- £468,884).

Included in total funds is an amount of £173,320 which is restricted. Full details of these restricted funds can be found in note 17 to the financial statements, together with an analysis of movements during the year.

Funds representing the net book value of tangible fixed assets at 31 August 2025 stood at £13,780 (2024 - £1,170) and therefore free reserves amounted to £281,427 (2023 - £323,420).

As such, free reserves at the year-end fell below the parameters stipulated by the Trustees in the reserves policy set out below. The Trustees are satisfied that there is no immediate concern as a result of this and their strategy for managing free reserves is detailed below.

Due to the substantial decrease in running costs, the stabilisation of the entirely new Development team and the retention of a Commercial Director to increase revenue generation, the Trustees have concluded that the charity remains a going concern.

Page 5

Go Live Theatre Projects Ltd

Report of the Trustees for the Year Ended 31 August 2025

FINANCIAL REVIEW

Investment policy

The Trustees' investment powers are governed by its constitution which permits the funds available to be invested in a wide range of securities and assets. The overall financial objective is to at least maintain the real value of the sums invested, to generate a sustainable return to support charitable activities and to reduce inflation erosion. Investments are made in line with the full policy's ethical considerations. The charity aims to produce a stable return on investments with a minimum of risk. The performance of the investments is reviewed by the Finance Committee quarterly. The Investment Policy is reviewed every other year by the Trustees. The Trustees have agreed to maintain in our current account the minimum amount needed to cover expenses each month and for the remainder to be invested, primarily in short-term, low-risk instruments, given the improved risk-free interest rate return backdrop.

reserves represent funds of the charity that are funds. In order to provide a quality, effective and set a reserves level that in the event of funding not transition can be made to a lower level of service. - operating expenses, being £321,421 (2024 below the desired level of six months of budgeted staging several fundraising events but more and beyond to shore up the unrestricted reserves

Reserves policy

Go Live Theatre Projects' general reserves represent funds of the charity that are freely available, excluding designated funds and restricted funds. In order to provide a quality, effective and efficient service to its beneficiaries, the Trustees have set a reserves level that in the event of funding not being sufficient to cover expenses in the future, a smooth transition can be made to a lower level of service. The reserves target is approximately six months of budgeted operating expenses, being £321,421 (2024 - £569,013). Free reserves, excluding fixed assets, at 31 August 2025 are £285,323 (2024 - £323,420).

The level of free reserves is still below the desired level of six months of budgeted operating expenses. The charity plans to address this by staging several fundraising events but more importantly plans to increase commercial activity in 2025/26 and beyond to shore up the unrestricted reserves and redress the 80/20 funding/revenue generation ratio in favour of more income generation.

FUTURE PLANS

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Go Live Theatre Projects is a registered charity and a company limited by guarantee, registered in England and Wales, and governed by a Memorandum and Articles of Association. In the event of the company being wound up the maximum amount which each Trustee (Director) is liable to contribute is £10.

Page 6

Go Live Theatre Projects Ltd

Report of the Trustees for the Year Ended 31 August 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governance & Management

The governance of the charitable company is the responsibility of the Trustees (also known as Directors) who are elected and co-opted under the terms of the Articles of Association. None of the Trustees has any beneficial interest in the company. The Trustees of the charitable company (the charity) are its Directors for the purpose of company law and throughout this report are collectively referred to as the Trustees.

The Trustees who served during the period and on the date the report was approved are listed on page 1.

Recruitment, Induction & Training of Trustees

Go Live Theatre Projects selects Trustees with a range of relevant skills, knowledge, experience and backgrounds to achieve the effective oversight and support of the charity.

new Trustees, interviews candidates and makes by the Nomination Committee, candidates are new trustees to give a more in-depth understanding of Trustees are encouraged to see Go Live Theatre Go Live Theatre Projects' programming under the refer to the Board for day-to-day day decisions and Chief Executive and Development Director maintain together with the Chief Executive, the Development personnel in charge of directing and controlling, Staff is reviewed annually with rises given

The Charity identifies potential new Trustees, interviews candidates and makes recommendations to the full Board. After interview and approval by the Nomination Committee, candidates are invited to observe a Board meeting. The Board must approve the new appointment by ordinary resolution or by a decision of the Trustees.

The Chief Executive meets with new trustees to give a more in-depth understanding of the charity's activities and provides an information pack. Trustees are encouraged to see Go Live Theatre Projects "in action" by attending programmes and events and join a Board subcommittee or working group.

Structure & Decision-making

The charity's employees manage Go Live Theatre Projects' programming under the supervision of the Chief Executive, without the need to refer to the Board for day-to-day day decisions and operations. Decisions of greater importance and impact are referred to the Board at meetings, or in-between times to the Chair. One Trustee, Yvette Jarvis is designated as the Board's Safeguarding Lead.

In between board meetings, the Chief Executive and Development Director maintain frequent contact with the Chair and all Trustees.

Key Management Personnel & Pay

The Trustees consider that they, together with the Chief Executive, the Development Director and Commercial Director comprise the key management personnel in charge of directing and controlling, running and operating the charity on a day-to-day basis. Staff pay is reviewed annually with pay rises given with reference to industry standards, workload, quality of work and length of service. The overall salary budget is approved by the Finance Committee as part of the budgeting process. The Chief Executive's salary is set by the Chair.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Go Live Theatre Projects Ltd 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).

Page 7

Go Live Theatre Projects Ltd

Report of the Trustees for the Year Ended 31 August 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

.................................................................... C Prideaux - Trustee

Page 8

Independent Examiner's Report to the Trustees of Go Live Theatre Projects Ltd

Independent examiner's report to the trustees of Go Live Theatre Projects Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors 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').

Having satisfied myself that the accounts of the Company are not required to be audited 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.

Page 9

Independent Examiner's Report to the Trustees of Go Live Theatre Projects Ltd

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

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

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or

  4. accounts give a true and fair view which is not a matter prepared in accordance with the methods and accounting and reporting by charities (applicable to the Financial Reporting Standard applicable in the no other matters in connection with the examination

  5. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Natalie Coleman FCCA (Senior Statutory Auditor)

Roy Pinnock & Co LLP Chartered Certified Accountants Wren House 68 London Road St Albans Hertfordshire AL1 1NG

Date: .............................................

Page 10

Go Live Theatre Projects Ltd

Statement of Financial Activities

for the Year Ended 31 August 2025

D
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
5
Theatregoing
Creative Skills
Fundraising
Personal Development
Programmes
Other trading activities
3
Investment income
4
Total
EXPENDITURE ON
Raising funds
6
Charitable activities
7
Theatregoing
Creative Skills
Personal Development
Programmes
Other
Total
Net gains on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 RA
Unrestricted
funds
£
229,003
-
-
-
-
46,843
14,194
2,754
292,794
166,267
-
-
-
217,287
7,159
390,713
2,655
(95,264)
282,597
187,333		 FT
Restricted
funds
£
373,317
-
-
-
-
20,929
-
-
394,246
46,893
-
-
-
351,436
-
398,329
-
(4,083)
173,320
169,237		 31.8.25
Total
funds
£
602,320
-
-
-
-
67,772
14,194
2,754
687,040
213,160
-
-
-
568,723
7,159
789,042
2,655
(99,347)
455,917
356,570		 31.8.24
Total
funds
£
693,573
136,861
10,643
217,592
4,971
-
-
11,402
1,075,042
299,644
373,109
172,690
207,825
-
44,986
1,098,254
10,245
(12,967)
468,884
455,917

The notes form part of these financial statements

Page 11

Go Live Theatre Projects Ltd

Balance Sheet

31 August 2025

DRAFT
Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
13
13,780
-
Investments
14
203,433
-
217,213
-
CURRENT ASSETS
Debtors
15
105,381
-
Cash at bank
(90,387)
169,237
14,994
169,237
CREDITORS
Amounts falling due within one year
16
(44,874)
-
NET CURRENT ASSETS
(29,880)
169,237
TOTAL ASSETS LESS CURRENT
LIABILITIES
187,333
169,237
NET ASSETS
187,333
169,237
FUNDS
18
Unrestricted funds
Restricted funds
TOTAL FUNDS
The charitable company is entitled to exemption from audit under Section 477 of the
the year ended 31 August 2025.		 31.8.25
31.8.24
Total
Total
funds
funds
£
£
13,780
1,170
203,433
353,512
217,213
354,682
105,381
61,945
78,850
105,254
184,231
167,199
(44,874)
(65,964)
139,357
101,235
356,570
455,917
356,570
455,917
187,333
282,597
169,237
173,320
356,570
455,917
Companies Act 2006 for

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

Page 12

Go Live Theatre Projects Ltd

Balance Sheet - continued 31 August 2025

The trustees acknowledge their responsibilities for

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

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. C Prideaux - Trustee

The notes form part of these financial statements

Page 13

Go Live Theatre Projects Ltd

Cash Flow Statement

for the Year Ended 31 August 2025

DRA
Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Finance costs paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Dividends received
Net cash provided by/(used in) investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 FT
31.8.25
£
(162,474)
(3,581)
-
(166,055)
(13,548)
(22,266)
175,001
464
-
139,651
(26,404)
105,254
78,850		 31.8.24
£
6,985
(251)
(6,353)
381
(1,276)
(489,732)
466,255
-
1,969
(22,784)
(22,403)
127,657
105,254

The notes form part of these financial statements

Page 14

Go Live Theatre Projects Ltd

Notes to the Cash Flow Statement

for the Year Ended 31 August 2025

1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING FROM OPERATING
ACTIVITIES
31.8.25 31.8.24
£ £
Net expenditure for the reporting period (as per the Statement of
Financial Activities) (99,347) (12,967)
Adjustments for:
Depreciation charges 937 12,022
Gain on investments (2,655) (10,245)
Interest received (464) -
2. DRAFT
Interest paid
3,581
Finance costs
-
Dividends received
-
Increase in debtors
(43,436)
(Decrease)/increase in creditors
(21,090)
Net cash (used in)/provided by operations
(162,474)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.9.24
Cash flow
£
£
Net cash
Cash at bank
105,254
(26,404)
105,254
(26,404)
Total
105,254
(26,404)		 251
6,353
(1,969)
(4,363)
17,903
6,985
At 31.8.25
£
78,850
78,850
78,850

The notes form part of these financial statements

Page 15

Go Live Theatre Projects Ltd

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

statements requires the Trustees and management in the Statement of Financial Activities once the charity grants, receipts from charitable activities (including fees), rental income, and income from fundraising Gift Aid, including Theatre Guardians' donations, are both the amount and settlement date. In the event of is accrued for where the receipt is considered that require a level of performance before the and not recognised until either those conditions is wholly within the control of the charity and it

Critical accounting judgements and key sources of estimation uncertainty

Preparation of the financial statements requires the Trustees and management to make significant judgements and estimates. The areas in the financial statements where these judgements and estimates have been made include:

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income comprises donations, grants, receipts from charitable activities (including discounted ticket sales, programme fees and workshop fees), rental income, and income from fundraising events such as gala evenings.

Donations received under Gift Aid, including Theatre Guardians' donations, are recognised when the charity has confirmation of both the amount and settlement date. In the event of donations pledged but not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

Grants have been included as income from charitable activities where these amount to a contract for services, but as donations where the money is given in response to an appeal or with greater freedom of use, for example monies for core funding.

Income from the sale of discounted theatre tickets is recognised on the date of the performance to which the tickets relate.

Fees receivable for programmes and workshops are recognised on the date the workshop or programme event occurs.

Studio rental income is recognised on the provision of the rental space.

Ticket and auction income from galas and fundraising events is recognised on the date the event takes place.

Page 16

continued...

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

1. ACCOUNTING POLICIES - continued

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

All expenditure is accounted for on an accruals basis. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated or apportioned to the applicable expenditure headings as described below. The classification between activities is as follows:

support costs, are allocated or apportioned to the includes all expenditure associated with raising with fundraising (including time spent by the of the third floor studio, all direct costs associated activities includes all costs associated with furthering provision of its charitable activities. These costs programmes, such as directly attributable staff costs, charitable expenditure. In order to carry out the support in the form of personnel development, the costs involving the public accountability of audit costs) and costs in respect to its compliance costs are apportioned based on the ratio of time

Expenditure on raising funds includes all expenditure associated with raising funds for the charity. This includes staff costs associated with fundraising (including time spent by the director on fundraising activities) and the rental of the third floor studio, all direct costs associated with fundraising and allocated support costs.

Expenditure on charitable activities includes all costs associated with furthering the charitable purposes of the charity through the provision of its charitable activities. These costs include all expenditure directly attributable to programmes, such as directly attributable staff costs, the cost of workshop practitioners and the cost of theatre tickets, as well as allocated support costs.

All expenditure is stated inclusive of irrecoverable VAT.

Allocation and apportionment of costs

Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity, it is necessary to provide support in the form of personnel development, financial procedures, PR and marketing, provision of office services and equipment, and a suitable working environment. Governance costs comprise the costs involving the public accountability of the charity (including independent examination/ audit costs) and costs in respect to its compliance with regulation and good practice.

Support costs and governance costs are apportioned based on the ratio of time spent working on the charity's various programmes by staff.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

During the year, the charity changed its depreciation method for computer equipment from reducing balance method to the straight line method. This change in estimate was applied prospectively and has no significant effect on profit/loss and financial statements.

Taxation

The charity is exempt from corporation tax on its charitable activities.

continued...

Page 17

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

1. ACCOUNTING POLICIES - continued

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.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

leases are charged to the Statement of Financial operates a defined contribution pension scheme. scheme are charged to the Statement of Financial pension schemes of the charity's employees and scheme are charged to the statement of financial charity's contributions are restricted to the contributions no liability beyond making its contributions and paying are held separately from those of the company in whether the use of the going concern assumption is The Trustees have made this assessment in respect

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Contributions to the personal pension schemes of the charity's employees and the charity's defined contribution employer pension scheme are charged to the statement of financial activities when they are payable to the scheme. The charity's contributions are restricted to the contributions disclosed in the staff costs note. The charity has no liability beyond making its contributions and paying across the deductions for

the employees' contributions.

The assets of the schemes are held separately from those of the company in independently administered funds

Assessment of going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. The Trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.

Free reserves, excluding fixed assets, at 31 August 2025 stood at £184,529 (2024 - £282,597 which is below the desired level of six months of budgeted operating expenses. The charity's aim is to build its - free reserves back up over a 5 year period, after having had to use a portion of them during the pandemic. For 2025/26, we plan to focus on generating more unrestricted income streams and have expanded the fundraising team. In the light of this and the healthy amount of funds held, the Trustees have concluded that the charity is not in any financial jeopardy, remains a going concern and will have sufficient resources to meet its liabilities as they fall due.

continued...

Page 18

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

1. ACCOUNTING POLICIES - continued

Gifts in kind

Substantial contributions are made to the charity by theatres and producers through the supply of tickets at a discounted price. The fair value of a ticket is considered to be the average open market price, which will not necessarily equate to the ticket's face value and is impossible to reliably estimate due to the variety of ticket vendors in operation. As such, the discount to the charity from the fair value of the tickets cannot be reliably estimated and is not included within income as a gift in kind in the statement of financial activities.

Many items generously donated to the Charity to be auctioned at fundraising events include a 'moneycan't-buy element' such as meeting the cast of a show, and therefore no commercial value has been placed on these gifts in kind in the financial statements.

Services provided by volunteers

For the purposes of these financial statements, no value has been placed on administrative and other services provided by volunteers in accordance with the Charities SORP FRS 102.

Investments

Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Realised and unrealised gains (or losses) are credited (or debited) to the statement of financial activities in the year in which they arise. The charity does not acquire put options, derivatives or other complex financial instruments. Realised gains (or losses) on investment assets are calculated as the difference between disposal proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains (or losses) are calculated as the difference between the fair value at the year end and their carrying value at that date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the year in which they arise.

The main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities within particular sectors or sub sectors.

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Cash at bank and in hand

continued...

Page 19

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

1. ACCOUNTING POLICIES - continued

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short term deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.

Creditors and provisions

Creditors and provisions 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. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Fund structure

Unrestricted general funds represent those monies which are freely available for application towards achieving any charitable purpose that falls within the charity's charitable objects at the discretion of the Trustees.

Restricted funds comprise monies raised for or restricted by donor imposed conditions for a specific purpose.

Leased assets

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the statement of financial activities on a straight-line basis over the term of the lease.

2. DONATIONS AND LEGACIES

D
Donations
Gift aid
Grants		 31.8.25
£
140,844
6,161
455,315
602,320		 31.8.24
£
227,454
-
466,119
693,573

continued...

Page 20

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

2. DONATIONS AND LEGACIES - continued

1.Donations 1.Donations 1.Donations 1.Donations 1.Donations 1.Donations 1.Donations
Unrestricted
Restricted
Total Funds
Funds
Funds
2025
£ £ £
Raise your Hands 17,400 17,400
St Martin's Theatre 15,000 15,000
The Orr Mackintosh Foundation Limited 12,500 12,500
iM Global Partner 9,000 9,000
Westminster Amalgamated Charity 5,000 5,000
Donations < £5,000 and Gift Aid 77,605 77,605
Total funds 147,005
0		 147,005
Donations
Unrestricted
Restricted
Total Funds
Funds
Funds
2024
£ £
£
Individual donors 73,026 73,026
Raise Your Hands 32,323 32,323
The Childhood Trust 25,000 25,000
St Martin’s Theatre Ltd 20,000 20,000
Almacantar Ltd 10,000 10,000
The Joseph Levy Foundation 10,000 10,000
Todaytix Group 10,000 10,000
IM Global Partner 9,000 9,000
Go Live Dress Circle Club 8,600 8,600
Barings 6,319 6,319
The Fagus Anstruther Memorial Trust 5,000 5,000
Donations < £5,000 and Gift Aid 14,984 3,200 18,184
Total funds 214,252 13,200 227,452
2.Grants Receivable
Unrestricted
Restricted
Total Funds
Funds
Funds
2025
£
£
£
The Garek Trust
20,000
110,000
130,000
John Lyon's Charity
58,500
58,500
Westminster Foundation
57,942
57,942
Lehman Brothers Foundation Europe
55,000
55,000
The Childhood Trust
32,500
32,500
The Colwinston Charitable Trust
25,000
25,000
Wates Foundation
15,000
15,000
The PWC Foundation
15,000
15,000

continued...

Page 21

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

2. DONATIONS AND LEGACIES - continued

The Alchemy Foundation The Alchemy Foundation 10,000 10,000 10,000
The Insurance Industry Charitable Foundation 10,000 10,000
Brown Rudnick 8,758 8,758
The London Freemasons' Charity 5,500 5,500
The Noel Coward Foundation 5,000 5,000
The Victoria Wood Foundation 5,000 5,000
Other grants < £5000 4,500 17,615 22,115

Total Funds		 82,000 373,315 455,315
Grants Receivable
Unrestricted
Restricted
Total Funds
Funds
Funds
2024
£
£
£
Lehman Brothers Foundation Europe
83,000		 83,000
The Garek Trust
77,000		 77,000
John Lyon's Charity
61,500		 61,500
The Childhood Trust
25,000		 25,000
Westminster Foundation
26,186		 26,186
Buffini Chao Foundation
25,000		 25,000
The Colwinston Charitable Trust
25,000		 25,000
The Linbury Trust
25,000		 25,000
Newsworks
11,000		 11,000
The Backstage Trust
10,000		 10,000
Mars Wrigley
10,000		 10,000
Ovingdean Hall Foundation
10,000		 10,000
Anonymous
10,000		 10,000
Heathrow Community Trust's Projects for YP
8,739		 8,739
Brown Rudnick Charitable Foundation Corp.
8,371		 8,371
St Giles and St George
5,023		 5,023
The Insurance Industry Charitable Foundation
5,000		 5,000
Noel Coward Foundation
5,000		 5,000
The Gerald and Gail Ronson Family Foundation 5,000 5,000
Shaftesbury Capital 5,000 5,000
The Big Give Trust 5,000 5,000
The Victoria Wood Foundation 5,000 5,000
Westminster Amalgamated Charities 5,000 5,000
Other grants < £5000 10,300 10,300

Total Funds		 51,186 441,119 466,119

continued...

Page 22

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

DRAFT
3.
OTHER TRADING ACTIVITIES
31.8.25
£
Fundraising events
7,580
Shop income
6,614
14,194
4.
INVESTMENT INCOME
31.8.25
£
Studio Rental
-
Interest from investments
2,290
Dividends from investments
-
Interest receivable
464
2,754
5.
INCOME FROM CHARITABLE ACTIVITIES
31.8.25
Activity
£
Theatre Tickets
Theatregoing
-
Programme Fees &
Workshop
Theatregoing
-
Theatre Tickets
Creative Skills
-
Programme Fees &
Workshop
Creative Skills
-
Fund Raising
Fundraising
-
Theatre Tickets
Personal Development
-
Programme Fees &
Workshop
Personal Development
-
Fund Raising
Programmes
5,553
Theatre Tickets
Programmes
36,427
Programme Fees &
Workshop
Programmes
25,792
67,772
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------		 31.8.24
£
-
-
-
31.8.24
£
3,417
6,016
1,969
-
11,402
31.8.24
£
97,941
38,920
6,668
3,975
217,592
2,001
2,970
-
-
-
370,067
-----------------
-----------------

continued...

Page 23

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

6. RAISING FUNDS

DRAFT
Raising donations and legacies
Staff costs
Sundries
Event Costs
Development Costs
Ticket Costs
Other Project costs
Support costs
Other trading activities
Bad debts
Investment management costs
Investment Management Costs
Aggregate amounts		 31.8.25
£
146,253
-
332
1,015
45,498
20,269
-
213,367
31.8.25
£
(230)
31.8.25
£
23
213,160		 31.8.24
£
139,922
9,118
61,862
-
2,057
-
81,532
294,491
31.8.24
£
3,895
31.8.24
£
1,258
299,644

continued...

Page 24

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

7. CHARITABLE ACTIVITIES COSTS

DRAFT
Support
Direct
costs (see
Costs
note 8)
£
£
Programmes
195,394
373,329
SUPPORT COSTS
Information
Governance
Management
technology
costs
£
£
£
Programmes
359,328
10,101
3,900
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.8.25
£
Audit Fee
-
Independent Examination
3,900
Depreciation - owned assets
938
Other operating leases
95,614
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor
ended 31 August 2024.
Trustees' expenses
There were no
trustees' expenses paid for the year ended 31 August 2025 nor for the		 Totals
£
568,723
Totals
£
373,329
31.8.24
£
7,500
-
12,022
97,818
for the y
year en

8. SUPPORT COSTS

9. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting):

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Page 25

continued...

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

11. STAFF COSTS

31.8.25 31.8.24 £ £ Wages and salaries 447,757 474,178 Social security costs 43,464 43,839 Other pension costs 19,475 19,624 510,696 537,641 The average monthly number of employees during the year was as follows: 31.8.25 31.8.24 Management 2 2 Administration 8 12 10 14 The number of employees whose employee benefits (excluding employer pension costs) £60,000 was: 31.8.25 31.8.24 £60,001 - £70,000 1 - £70,001 - £80,000 1 1 2 1 There was one employee who earned between £60,000 and £70,000 (excluding employer's contributions but including benefits) during the year (2024 - nil). £2,462 was paid in employer's contributions for this employee (2024- £nil). There was one employee who earned between £70,000 and £80,000 (excluding employer's contributions but including benefits) during the year (2024 - one). £2,705 was paid in employer's contributions for this employee (2024- £1,250).

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

There was one employee who earned between £60,000 and £70,000 (excluding employer's pension contributions but including benefits) during the year (2024 - nil). £2,462 was paid in employer's pension contributions for this employee (2024- £nil). There was one employee who earned between £70,000 and £80,000 (excluding employer's pension contributions but including benefits) during the year (2024 - one). £2,705 was paid in employer's pension contributions for this employee (2024- £1,250).

The key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis comprise the Chief Executive and the Deputy Director. The total remuneration (including taxable benefits, employer's pension contributions and employer's national insurance contributions) of the key management personnel for the year was £161,792 (2024 - 138,637)).

Page 26

continued...

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

DRAFT
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
265,438
428,135
Charitable activities
Theatregoing
136,861
-
Creative Skills
10,643
-
Fundraising
217,592
-
Personal Development
4,971
-
Investment income
11,402
-
Total
646,907
428,135
EXPENDITURE ON
Raising funds
299,644
-
Charitable activities
Theatregoing
365,262
7,847
Creative Skills
-
172,690
Personal Development
-
207,825
Other
44,986
-
Total
709,892
388,362
Net gains on investments
10,245
-
NET INCOME/(EXPENDITURE)
(52,740)
39,773
RECONCILIATION OF FUNDS
Total funds brought forward
335,336
133,548
TOTAL FUNDS CARRIED FORWARD
282,596
173,321		 Total
funds
£
693,573
136,861
10,643
217,592
4,971
11,402
1,075,042
299,644
373,109
172,690
207,825
44,986
1,098,254
10,245
(12,967)
468,884
455,917

continued...

Page 27

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

13. TANGIBLE FIXED ASSETS

DRAFT
COST
At 1 September 2024
Additions
At 31 August 2025
DEPRECIATION
At 1 September 2024
Charge for year
At 31 August 2025
NET BOOK VALUE
At 31 August 2025
At 31 August 2024
14.
FIXED ASSET INVESTMENTS
Listed
investments
£
MARKET VALUE
At 1 September 2024
346,573
Additions
22,266
Disposals
(168,635)
Revaluations
(3,710)
Reclassification/transfer
(18,841)
At 31 August 2025
177,653
NET BOOK VALUE
At 31 August 2025
177,653
At 31 August 2024
346,573		 Cash and
settlements
pending
£
6,939
-
-
-
18,841
25,780
25,780
6,939		 Computer
equipment
£
1,276
13,548
14,824
106
938
1,044
13,780
1,170
Totals
£
353,512
22,266
(168,635)
(3,710)
-
203,433
203,433
353,512

There were no investment assets outside the UK.

continued...

Page 28

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

14. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 August 2025 is represented by:

Cash and
Listed settlements
investments pending Totals
£ £ £
Valuation in 2024
10,246		 - 10,246
Valuation in 2025
(3,710)		 - (3,710)
15. DRAFT
Cost
171,117
25,780
196,897
177,653
25,780
203,433
If investments had not been revalued they would have been included at the following historical cost:
31.8.25
31.8.24
£
£
Cost
196,897
343,266
The investment portfolio was valued on an open market basis on 31 August 2025 by Lombard Odier.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.25
31.8.24
£
£
Trade debtors
44,692
3,322
Other debtors
16,186
16,186
VAT
3,995
-
Prepayments and accrued income
40,508
42,437
105,381
61,945

continued...

Page 29

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

DRAFT
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.25
£
Trade creditors
24,063
Social security and other taxes
10,713
Other creditors
2,467
Funds held as an agent
2,000
Accruals and deferred income
5,631
44,874
17.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.25
£
Within one year
99,873
Between one and five years
57,778
157,651
18.
MOVEMENT IN FUNDS
Net
Transfers
movement
between
At 1.9.24
in funds
funds
£
£
£
Unrestricted funds
General fund
282,597
(95,264)
-
Restricted funds
Theatregoing
71,802
-
(71,802)
Creative Skills and PD
68,672
-
(68,672)
Personal Development
32,846
-
(32,846)
Go Live Programmes
-
(4,083)
173,320
173,320
(4,083)
-
TOTAL FUNDS
455,917
(99,347)
-		 31.8.24
£
4,566
8,184
1,819
2,500
48,895
65,964
31.8.24
£
97,921
157,651
255,572
At
31.8.25
£
187,333
-
-
-
169,237
169,237
356,570

continued...

Page 30

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

DR
Unrestricted funds
General fund
Restricted funds
Support Costs
Go Live Programmes
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Theatregoing
Creative Skills and PD
Personal Development
TOTAL FUNDS		 A
Incoming
resources
£
292,794
57,942
336,304
394,246
687,040		 FT
Resources
expended
£
(390,713)
(57,942)
(340,387)
(398,329)
(789,042)
At 1.9.23
£
335,336
11,107
92,235
30,206
133,548
468,884		 Gains and
Movement
losses
in funds
£
£
2,655
(95,264)
-
-
-
(4,083)
-
(4,083)
2,655
(99,347)
Net
movement
At
in funds
31.8.24
£
£
(52,739)
282,597
60,695
71,802
(23,563)
68,672
2,640
32,846
39,772
173,320
(12,967)
455,917

continued...

Page 31

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

DRAFT
Incoming
Resources
Gains and
resources
expended
losses
£
£
£
Unrestricted funds
General fund
646,907
(709,891)
10,245
Restricted funds
Theatregoing
231,782
(171,087)
-
Creative Skills and PD
88,636
(112,199)
-
Personal Development
107,717
(105,077)
-
428,135
(388,363)
-
TOTAL FUNDS
1,075,042
(1,098,254)
10,245
A current year 12 months and prior year 12 months combined position is as follows:
Net
Transfers
movement
between
At 1.9.23
in funds
funds
£
£
£
Unrestricted funds
General fund
335,336
(148,003)
-
Restricted funds
Theatregoing
11,107
60,695
(71,802)
Creative Skills and PD
92,235
(23,563)
(68,672)
Personal Development
30,206
2,640
(32,846)
Go Live Programmes
-
(4,083)
173,320
133,548
35,689
-
TOTAL FUNDS
468,884
(112,314)
-		 Movement
in funds
£
(52,739)
60,695
(23,563)
2,640
39,772
(12,967)
At
31.8.25
£
187,333
-
-
-
169,237
169,237
356,570

continued...

Page 32

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

18. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
Resources
Gains and		 Movement
resources
expended
losses		 in funds
£
£
£		 £
Unrestricted funds
General fund 939,701
(1,100,604)
12,900		 (148,003)
DRAFT
Restricted funds
Theatregoing
231,782
(171,087)
-
60,695
Creative Skills and PD
88,636
(112,199)
-
(23,563)
Personal Development
107,717
(105,077)
-
2,640
Support Costs
57,942
(57,942)
-
-
Go Live Programmes
336,304
(340,387)
-
(4,083)
822,381
(786,692)
-
35,689
TOTAL FUNDS
1,762,082
(1,887,296)
12,900
(112,314)
Restricted Funds
Theatregoing
Opening the doors to London's world-class theatre to children and young people who have few
opportunities or need specialist access support.
Creative Skills and Personal Development
Engaging young people in performing arts education, to develop valuable skills and knowledge to suppo
their studies and future careers; using the theatre-making process and drama techniques to bui
confidence as well as life and social skills.
The Go Live Programmes Fund

Opening the doors to London's world-class theatre to children and young people who have fewer opportunities or need specialist access support.

Engaging young people in performing arts education, to develop valuable skills and knowledge to support their studies and future careers; using the theatre-making process and drama techniques to build confidence as well as life and social skills.

The Go Live Programmes Fund

The Go Live Programmes Fund represents income received to support Go Live's Programmes activity and related expenditure. The balance at 31st August 2025 represents income received towards activities in 2025-26.

The Support Costs Fund

The Support Costs Fund represents income received to support Go Live's Support Costs and related expenditure.

continued...

Page 33

Go Live Theatre Projects Ltd

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

19. RELATED PARTY DISCLOSURES

During the year, donations totalling £36,064 (2024- £21,250) were received from 8 (2024 - 5) Trustees. At the end of the year, there were no amounts outstanding in respect of any of the above transactions.

20. COMPANY LIMITED BY GUARANTEE

The charity is limited by guarantee. In the event of the charity being wound up, members are required to contribute an amount not exceeding £10 each.

21. FUNDS HELD AS AN AGENT

The Charity acts as an agent in distributing the annual Michael Northen bursary for lighting design. As a result, grant payments of £500 (2024 - £500), have been excluded from the statement of financial activities as the charitable company does not have control over the application of the funds. At 31 August 2025 the Charity held funds amounting to £2,000 (2024 - £2,500) on behalf of the late Robert Camac for distribution in respect of future bursaries.

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Go Live Theatre Projects Ltd

DRAFT
Detailed Statement of Financial Activities
for the Year Ended 31 August 2025
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Grants
Other trading activities
Fundraising events
Shop income
Investment income
Studio Rental
Interest from investments
Dividends from investments
Interest receivable
Charitable activities
Fund Raising
Theatre Tickets
Programme Fees & Workshop
Total incoming resources
EXPENDITURE
Raising donations and legacies
Wages
Social security
Pensions
Carried forward		 31.8.25
£
140,844
6,161
455,315
602,320
7,580
6,614
14,194
-
2,290
-
464
2,754
5,553
36,427
25,792
67,772
687,040
132,578
9,474
4,201
146,253		 31.8.24
£
227,454
-
466,119
693,573
-
-
-
3,417
6,016
1,969
-
11,402
217,592
106,610
45,865
370,067
1,075,042
123,455
11,271
5,196
139,922

This page does not form part of the statutory financial statements

Page 35

Go Live Theatre Projects Ltd

Detailed Statement of Financial Activities

for the Year Ended 31 August 2025

DRAFT
Raising donations and legacies
Brought forward
Sundries
Event Costs
Development Costs
Ticket Costs
Other Project costs
Other trading activities
Bad debts
Investment management costs
Investment Management Costs
Charitable activities
Wages
Social security
Pensions
Postage and stationery
Sundries
Tickets
Practioners
Other
Storage
Room Hire
Bank interest
Support costs
Management
Wages
Social security
Pensions
Property Lease
Carried forward		 31.8.25
£
146,253
-
332
1,015
45,498
20,269
213,367
(230)
23
145,458
10,395
4,609
-
-
-
34,932
195,394
1,202
2,376
3,581
7,159
169,721
23,595
10,665
95,614
299,595		 31.8.24
£
139,922
9,118
61,862
-
2,057
-
212,959
3,895
1,258
270,762
25,143
11,590
4,491
27,421
131,259
95,101
565,767
-
-
251
251
79,961
7,425
2,838
97,818
188,042

This page does not form part of the statutory financial statements

Page 36

Go Live Theatre Projects Ltd

Detailed Statement of Financial Activities

for the Year Ended 31 August 2025

DRAFT
Management
Brought forward
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising and Marketing
No description
Health & Safety
Subscriptions & Membership
Entertaining
Travel
Cleaning
Sundry
Professional fee
Consultancy
Repairs & Renewals
Improvements to property
Computer equipment
Finance
Credit Card Fees
Information technology
IT Development and Support
Other
Office Move
Governance costs
Auditors' remuneration
Sundries
Total resources expended
Net expenditure before gains and losses		 31.8.25
£
299,595
-
3,388
-
4,812
2,037
7,071
4,884
-
7,445
1,443
1,483
-
7,449
6,784
12,000
-
-
937
359,328
-
10,101
-
3,900
-
3,900
789,042
(102,002)		 31.8.24
£
188,042
4,390
7,231
3,194
7,310
882
7,003
1,581
3,997
1,131
1,024
177
2,848
2,918
-
-
1,472
2,902
9,120
245,222
6,353
16,973
37,289
7,500
787
8,287
1,098,254
(23,212)

This page does not form part of the statutory financial statements

Page 37

Go Live Theatre Projects Ltd

Detailed Statement of Financial Activities

for the Year Ended 31 August 2025

Realised recognised gains and losses
Unrealised gains on Investment
Net gains on listed Investment
Net expenditure		 31.8.25
£
(3,710)
6,365
(99,347)		 31.8.24
£
10,245
-
(12,967)

Net expenditure

This page does not form part of the statutory financial statements

Page 38