Company Registration llumber 01555311 Clrity Registration number 1059118 Speetacle Theatre LAmited Annual Report and Financial Statements for the year ended 31 March 2025
Spectacle Theatre Limited Contents Page Trustees report Independent Examiners report Statement of Financial Activities Balance sheet 10 Cash flow statement 11 Notes to the fmancial statements 12-19
Spectacle Theatre Limited Reference and administrative inforniation Company Registration Number 01555311 CharAty Registration Number 1059118 Trustees M Stcvenson J Watts-Re¢s J Cockram A E Griifiths M Johnson E Tudball W Vandyck Chair Vice Chair Treasurer appointed 3 December 2024 appointed 21 October 2024 appointed l O October 2024 Registered office The Factory Jenkin Street Porth Wales CF39 9PP Accountants RH Jeffs & Rowe Chartcred Accountants 27128 Gelliwastad Road Pontypridd CF37 2BW Bank Coperative Bank
Speetsele Theatre Limited Trustsesl Annual Report for the year ended 31st March 2025 The Trustees (who are also directors of the charitable company for the puryoses of company law) present their report together with the financial statements of the charity for the yvar ended 31 March 2025. Thc financial statements bave been prepared in accordance with the accounting policies sct out on pagc 12. This report also represents the directors, reFK)rt as required by Company Law.31 March 2025 A word from the Chair of Trustees Another year has passed. and the team at Sp¢ctacl¢ Theatre continues to deliver for our communitics. Th¢ report details what the company has done to reach out to more than 4,000 people across a rang¢ of agcs, abilities, and needs. This 15 J)othing short of incredible for a company that rccruits less than 4 people and with the support of eight volunteers, I will always awe of the commitmenL dedication and vision these people have to drive Spectacle Theatre forward. Our work with young people in schools still strives to raise awareness around very real and relatable issues that will without a doubt continue to push boundaries and strike the chords of those affected by or know someone who is affected by the themes demonstrated in our perforniances. By raising awareness of bullying, neglect and abuse, we ensure young people don't feel that they are alone and will hopefully have the confidence in them to come forward and speak-out. We continue to work through a signifioqnt period of change, within our con)munities and strategically within our organization. The latter WAII better support us to continue working with the fonner by striving to diversify thc pcople we employ, in-turn building and fostering long-lasting relationships with and listening to the stories of artists right across the community. We have strengthened our Board of Trustees. bringing in cxcepiional talent from creative industries with a wealth of experience to better inforn] our planning for the future. We have also improved our online presence, increased social media activity, and have commissioned a new websit£ to help our aim of reaching a wider audience and highlight our exccptional work. I also extend our gratitude to the famity of the late Mr. Donald Dooley, whose donation from his legacy has given us some solid foundations to work for and some exciting prospects for the future. A huge thank you to the volunteers, staff. trustees and funders for the unwavering support they have shown Specta¢l¢ Theatre this year, the many years prior and without a doubL many years to come. Mark Stevenson, Chair of Trustees, 4th November 2024 Page I
Spectscle Theatre Llmited Trustees, Annual Report for the year ended 31st March 2025 Objectives of the Associatlon The objects for which the association is established are to promote, tnaintain and advance education, particularly by the production of educational theatre and the encouragement of the arts, including the arts of dram4 mime dance singing and music and to fvrtber the development of public appreciation in the said arts. Public Benefit Statement Th¢ Trustees confIrni that they have had rcgard to the Charity Commission's guidance on public benefrt when planning the actlVLties of the charity. The activitics undertaken during the year, as set out in this reporL are carried out to fi]rther the charitable objects for the benefit of the public, in particular by advancing education and promoting the arts in Wales. Background Spectacle Theatre Ltd is an exemplar in the delivcry of educational theatre. Over the last foty years, it h&$ been an innovator, pioneer, and incubator, in the practice and delivery of educational theatre. Established in 1979. as a professional theatre company, based in the Rhondda Valley. It continues to ¢o-create productions witb communities in the valleys, and tours throughout Wales and internationally. Spectacle has excelled in enabling access to the arts for people that are systemically disadvantaged. Spectacl¢ believes, disadvantage, is caused by how society is organised, rather than by a person's impairnient or difference. We innovat¢ ways to remove barriers that restrict people's life choices. We focus on changing, negative attitude% exclusion, and other obstacles that disadvantage people. We collaborate with people of all ages in Welsh and English. Those at risk and or have complex needs people who are often lonely, isolated, and marginalised. We co-produce (acting in an equal and reciprocal partnership) with people, their families and voluntary and public sector services that support them. New writing for theatre, with a focus on health and wellbeing is a driving force in the companys development. SpectacIe gained clwitable status in 1986 and is governed by a board of 6 trustees. Speetacle Theatre's management &ssociation is the Independent Theatre Council (Frc). Spectacle is a member of CWYVS {Council of Wales Voluntary Youth Services), Interlink (the County Voluntary Council for RCT), Stronger Rhondda Gryfach and the Cwm Taff Mental Health Forum. Its services are delivered in English or Welsh by cxperienced staff. They hold enhanced CRB certificates and receive training in Safeguarding at level three. Vision 'With great theatre wc trausforni lives, Mi&sion We use theatre to 'TRANSFORM ' . Spectacle Theatre uscs a strengths-based approach to support and promote high quality participatory thcatre practice. We aim to make Work that is inclusive and accessible. We create safe spaces so that people, disadvantaged by society can challenge perceptions made about them. We innovate delivery methods to remove barriers that restrict lif¢ choices for people. We focus on changin& negative attitude4 exclusion. and other obstacles that systemically disadvantage people. - enabling people, economically and socially disadvantaged, to safely address what concerns them and their communities. - engaging and motivating people, through accessible recreational arts activities. - empowering people to have a voice and have those voic¢s heard. - Co-CTeating and delivering programmes through partnership working. Page 2
Spectsele Theatre Limited Trustses, Annual Report for the year ended 31st March 2025 Strategy The strategies that we have developed to achieve the charities aims and fulfil our vision are to: - work closely and inclusively with our community" - encourage community relationship building through intcrgcnerational activities: develop and nurturc partnerships with new and existing groups. organisations, and agencies in the voluntary and public sector. - Cmploy highly skillcd and competent employees. with a knowledge of our communities" - provide continuous professional dcvelopm¢nt for all staff. provide high quality, educational and participatory theatre production and aMpanyIng workshops and resources, available to schoolslcolleges and youth groups" provide safr space and welcoming workshop environments for all participants to explore their own creativity. provide all services in Welsh and English, through employment of enthusi&sti¢ and dedicated bi-lingual staff. Overview Cbarltable Aclivity 2024 - 2025 From April 2024 to March 2025 Spectacle Theatre Ltd delivered: * 161 perforniances for 1,323 people in Welsh and English * 249 Wellbeing Workshops with 1,629 participants * Provided warn] spaces and food to 85 people. * Organised four social and recreational trips for community wups * Brought together 15 intergenerational UpS * Created 9 films in Welsh and English of Car Play Theatre * DeVelod a n¢w website to amplify our participants, voices * Provided 2 training days (45 people) impact of social media on young people * Volunteer Engagement increased from 8 to 31 voluntCCf5. * Expandcd collaborations from 15 to 30 organisations * Consistently maintained 4.5 staff positions while increasing freelance personncl from 8 to 34 (with growing Welsh language representation) This was the final year of th¢ Stori project. The project aims were to reduce isolation, improve nnections and wellbcing. and enable participants to increase skills to access pathways to employment, voluntsering, education, and training Spectacle used participatory approaches to give vulnerable people and those with complex needs from Rhondda Cynon Taff and Merthyr Tydfil a 'safe space, to have a voi¢¢ and learn from each other, through workshops, participatory theatre, and training. Page 3
Spectacle Tbeatre Limited Trustees, Annual Report for the year ended 31st March 2025 Over the three years 2022- 2025 we aimed: l. Strengthen the capability of 2445 people of all ages to reduce isolation, loneliness, and impact of Covid-19. 2. Increase the capacity of 75 young and older people to develop specific personal wellbeing goals. Support them to achieve these goals. Develop interaction of older and younger people. Bring 30 groups together over three years. 4. Support 400 people in overcoming challenges of Covid-19, those with low level mental health issues or affected by digital poverty Spectacle Achieved over three years Wellbeing Workshops: Delivered 697 workshops reaching 5,742 people. Perforniances with Educational Resources: 230 perforniances reaching 4,264 people. Warn) Spaces Program." Provided wami spaces and food to 85 people over three years. Social Trips.. Organised 14 trips to cultural spaces and outdoor environments. Gmup Com]ections: Brought together 39 intergenerational groups. Digital Poverty and Skills Development Volunteer Engagement.. Increased from 8 to 31 volunteers over thre¢ years. Partnership Building.. Expanded collaborations from 15 to 30 organisations Employment: Consistently maintained 4-4.5 staff positions while increasing freelance personnel from 8 to 34 (with growing Welsh language representation) Film Production: Created multiple fihns including Headway and Eye to Eye counselling (2022-2023) Car Play Theatre and events with RCT People First, Rhondda writers and RCTCBC (2023-2024) Car Play Theatre in Welsh and English (2024-2025) New Website.. Developed to amplify participants, voices (2024-2025) 4 training sessions for 57 people Spectacle Theatre Project Outcomes Report Executive Summary In December 2024 Spectacle collected feedback collected from 22 participants and partner organisations involved with Spectacle Theatre over three years of the STORI project. The data demonstrates significant positive outcomes across multiple areas, with particularly strong results in community wellbeing. social connection, and mental health iniprovemenL The average satisfaction rating w&8 4.82 out of 5. with 95 % of respondents gftving the maximum rating of 5. Key Outcome Areas l. Wellbeing Improvement In December 2024 Spectacle collected feedback collected from 22 participants and panner organisations involved with Spectacle Theatre over three years of the STORI project. The data demonstrates significant positive outcomes across multiple areas, with particularly stTong results in community wellbein& social connection, and mental health improvemenL The average satisfaction rating was 4.82 out of 5, with 950 /0 of respondents giving the MlMuM rating of 5. Page 4
Spectscle Theatre Limited Trustees, Allnual Report for the year ended 31st Mareb 2025 2. Social Connection & Reduced Isolation 590/0 of respondents indicated that Spectaclc Theatre's projects effectively reduced isolation. The company was praised for creating a "family feel. that was "welcotning and supportive." with one participant noting they "made friends for life" through their involvement. 3. Community Integration 770/0 of respondents identified that projects successfully bTought together diversc groups within the community. Thc company's ability to facilitate "genuine engagement" was specifically commended, with multiple respondents noting the value of "collalK)Tating with actors fve ncver worked with before" and the "collaboration" opportunities provid. 4. Mental Health Support 590/0 of respondents reported improved mental health outcomes resulting from their participation. The "Creativ¢ and encouraging" environment where "everyone feels equal and valued" was highlighted as particularly beneficial for mental wellbeing. 5. Digital Inclusion 270/0 of respondents indicated that activities helped to overcome digital poverty, suggesting that while not the primary focus. the company's work IM had meaningful IMpt in this area Stakeholder Perspectives The feedback demonstrates strong cross-sector support and positive outcornes across multiple stakeholder groups: Communty Organizations Representatives from organizations including Headway Cardlff, RCTCBC, and Cwm Taf People First emphasized the value of Spectacle Theatre's inclusive approach. One partner noted that "it gives people with a learning disabilty an opportunity to participats in drama in a safe environment." Creative Professionals Freelance writers, actors, and other creative professionals highlighted professional development opportunities, with one participant valuing "the opportunity to write scripts. and be creative" and another appreciating "feedback on the play" and "seeing how they took the play forward." Public Services A representative from South Wales Police found the "intsractive sessions were invaluable in understanding how young people perceived the different situations, demonstrating the company's impact beyond arts outcomes. Individual Participants Personal testimonials revealed significant life-changing outcomes, with one participant stating that Spectacle has given me a lifeline to a creative life" and another sharing that attending drama sessions brings me so much joy and happiness." Page 5
Spectaele Theatre Limited Trustees. Annual Report for the year ended 31st March 2025 Project Higbllghts l. Welsh Language & CultUTal Projects The company's work during the Eisteddfod Genedlaethol was specifically mentioncd by muttiple respondents, with encouragement to "be confident in their bi-lingual I Welsh speaking projects and perfonnances." 2. Plays in Cars This innovative format received multiple positive mcntions, with participants enjoying "seeing car plays at eistsddfod" and expressing disappointment that "that pioject h&8 come to an end." 3. Script Development Participallts valued the OPPOTtsmity to devclop their writing, with one noting they "appreciated the fact that the opportunity was shared online" and another cxpressing they wer¢ "thrilled that I have heard professional actors speak my words from my scripts." 4. Communty Drama Groups Regular participatory se&sions were highlighted for their positive impact, with one participant statin& "I love going to the drama group every Monday it brings me so much joy and happiDess." Highlights Award for Cultural Competence. Spectacle achieved Silver Award (2024-25) in DiveTse Cymru BlacK Asian and Minority Ethnic Culturnl Competence scheme. Validated by UKIED. Collaboration worL Spectacl¢ rebed out to support vulnerable and people with disability through our weekly Monday Night Group. A mixed adult / young person group. It comprises people who self-identify &8 neuro diverse, have poor mentsl health, live WAth a disability. Partnership working. We worked in close partnership with People First RCT, Learning Steps, t£arning Curve, Headway, Special Need schools, Manage Money Wales, Community Sharing shop. InterlinK Arts Factory, RAFT festival and Eistsddfod Genedlaethol in RCT. Conclusion The feedback data demonstrates that Spectacle Theatre is delivering Significant w)sitive outcomes across multiple areas of social impact. The company's work is particularly valued for its inclusive approach, community focus, and ability to provide creative opportunities that improve wellbeing and mentsl health while reducing isolation. The consistent thcme across responses is the transforniative wwer of creative engagemenL with one participant summarising: "SpcctacIe Theatre has given me a creative life with support every inch of the way." This encapsulates the company's success in not onjy delivering artistic expericnccs but creating meaningful outcomes that improve lives and strengthen communities. Reseryes Policy T7]¢ Trustees review the reservcs policy aTmua]ly. considering the charity's key risks. future comrnitments, and funding profile. The aim is to maintain free r¢serves equivalent to at least six months of operational costs. These reserves provide a safeguard against temporary cash flow pressures, potential loss or delay of project funding, and any unforeseen dowmturns in incom¢. They also ensure the charity can meet its obligations in the ¢vent of closure, including r¢dundancy and winding-up costs, and provide flexibility to manag¢ unexpected events such as equipment failure, relocation, or other operational disruptions. Most capital projects are funded through restricted or designated ants rather During the year, reserves temporarily exceeded the policy target due to a one-off donation. Page 6
Spectacle Theatre Lffimited Trustees, Annual Report for the year ended 31st March 2025 Statement of Trusteesl Responsibilities The trustees {who ar¢ also the directors for the purpose of company law) are responsible for preparing the Annual Rcport and the fmancial statcments in accordance with applicable law and regulations. Company law requires the trustees to prepare financial statements for each fllwicial yeaT. Under that law the trustees must prepare the financial statements in accordance with United Kingdorn Generally Accepted Accounting Practice (United Kingdom AccouDting Standards and applicable law). Under company law thc trustees must not approve the financial statements unless they are satisfled that they give a truc and fair vicw of the 8tate of affairs of the charitable company and of the incoming resouTces and application of resources, including the income and expenditure, of the charitable company for that perlod. In preparing these financial statements, the trnstees are Tequir¢d to: Select suitable accounting policies and apply them consistently. Observe the methods and principles in the Charities SORP. * Make judgements and estimates that are reasonable and prudent. State whether applicable UK Accounting Standards have b¢¢n followed, subject to any material departures disclosed and explained in the financial statements" and Prepare the fmancial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue to operate. The trustees are responsible for keeping adequate accounting records that are sutyicient to show and explain the charitable company's transactions and disclose with reasonable accuracy at ¢tny time the financial position of the charitable company and enable th¢m to ensure that the financial statements comply with the Companics Act 2006. They are also responsible for saf¢guarding th¢ &ssets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The rcport has been prepared in accordance with the provisions applicabl¢ to companies subject to the small companies, regime. This report was approved by the Trustees on the I l November 2025 and signed on its behalf by: Truste Page 7
Independent Examiner's Report to tbe Trustees of Spectsele Theatre Limlted I report to the trustees (who are also Directors for the purpose of company law) on my eKqmination of the financial statements of Spectacle Theatre Limited Cthe charitable company,) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, th¢ Balance SheeL Cash Flow and related notes. This report is made solely to the charity's trustees. &s a body, iti accordance with section 145 of the Charities Act 2011. My work has been und¢rtaken so that I might state to thc charity's trustees those matt¢rs I am rcquired to stste to them in this report and for no other putpose. To the fullest extent perniitted by law, I do not accept or assume responsibility to anyone oth¢r than the charity and the charity's trustees as a body, for my worL for this repoo or for the opinions I have fornied. Responsibilitie5 ¥dnd Basis of Report As the trustees of charitable company you are responsible for the preparation of thc financia] statements in accordance with the requirements of the Companies Act 2006 Cthe 2006 Act). Having satisfIed myself that the fmancia] statements of the charitable company are not required to be auditsd under Part 16 of the Act and are eligible for indcpendent examination, I report in respect of my examination of the charitable company's financial ststements carried out under section 145 of the Charities Act 2011 ('the 2011 ACV) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 ACL An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cov¢r all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I ¢xpress no opinion as to whether the fu)ancial statements present a 'true and fair, view and my report is limited to those specific matteTS set out in the independent examinerfs ststement. Independent Examfiner's Statement I have completed my examination. I confirni that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect." l) accounting records were not kept in respect of the charitable company as required by section 386 of the 2006 Actr. or 2) the financial statements do not accord with those records. or 3) the financial statements do not comply with the accounting requirernents of section 396 of the 2006 Act other than any requirement that the fmancial statements give a rue aud fair view which is not a matter onsidered as part of an independent examination. or 4) th¢ financial statements have not been prepared in accordance with the mcthods and principles of the Statement of Recommended Piactice for accounting and reporting by charities applicable to charities prepariug their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS 102). I have no concerns and have come rosS 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 financial statements to be reached. l(qf Robert Thom Sc liCA for and on behalf of RH Jeffs & Rowe Chartered Accountants Pontypridd Date: I l November 2025 Page 8
Spectacle Theatre Limlted Statement of Financial Activities for the year eDded 31 March 2025 Unrestrieted Restricted funds funds 2025 2025 Total Unrestricled fwids 2024 Reslricted funds 2024 Total 2025 2024 Income & Endowments - Cyrants - Donations and legacies 173,293 173,293 233.974 151,810 15J,SlO 83,463 233,974 83,463 Activities for Generating Funds: -charitable activiti¢s 23,458 23,458 12,218 12.218 Investment income -Bank interest 997 997 89] 891 Other income I I I 111 262 262 Totsl Income & Endowments 258,540 173.293 431,833 96,834 151,810 248, 644 Eipendlture Charitable activities 53.040 176,215 229,255 31,065 154, 732 185, 797 Total Expenditure 53.040 176,215 229,255 31,065 154, 732 185, 797 Net Incomel(Expenditure) for the year 205,500 (2,922) 202,578 65, 769 Q,922) 62,847 Totsl Funds brought forward 171,170 16,602 187,772 105,401 19.524 124,925 Totsl Funds earned forward 376,670 13,680 390.350 171,170 16,602 187, 772 The statement of fmancial activities includes all gains and losses recognised in the year. All Income, Endowm¢nts and Expenditure derive from continuing activities. The statement of financial activitics also complies with the requirements for an income and expenditure account under the Companies Act 2006. Page 9
Speetsele Theatre Limited Charity number 1059118 Balanee sheet as at 31 March 2025 2025 2024 Notes Fixed Assets Tangible assets 19,303 23. 728 Current Assets Debtors Cash at bank and in hand 18,572 356,101 10,576 174,254 374,673 184,830 Creditors: amounts falling due witbin one year Net Current assets Net Assets (3,626) QO, 786) 371,047 164, 044 390.350 187, 772 The Funds of the Charity Unrestrictsd Funds Restricted Funds 12 12 376,670 13,680 J7J,170 16,602 Total Charity Funds 390,350 187, 772 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 Marcb 2025. Th¢ directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its fmancial ststements for the year in question in accordance with section 476. The financial statsments have been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities and in accordance with the special provisions of Part Vll of the Companies Act 2006 relating to small entities. The financial statements were approved by the Trustee Board on I l November 2025 and signed on its behalf by:_ M Stevenson Page 10
Spectacle Theatre Limited CaslE floiv statement for the year ended 31 March 2025 Year ended March 31 2025 Year ended March 31 2024 Reconciliation of operatlng profit to net cash inflow from operating activities Operating profit 202,578 62,847 Dcprcciation ([ncreaSe)¢cr¢ase in debtors Incr¢asel(Decrease) in creditors Net cash inflow from operating activities 5,544 (7,996) (17.160) 5,282 (10,556) 17,084 182,966 74,657 Net cash inflow from operating activities Capital expenditure Increydse in cash in the year 182,966 (1,120) 74,657 (4,098) 181,846 71,450 Reconciliation of net Cash flow to movement in net funds: _ Opening Cash and Cash equivalents Closillg Cash and Cash equivalents 174,255 103.696 356,101 174,255 Page 11
Spectacle Theatre Llmited Notes to the financial statements for the year ended 31st Mareh 2025 Statutory Informatlon Spectscle Theatre Limited is a registered charity (number 1059118) and private company (number 01555311) limited by guarantee having no share capital. The charity is incorporated Trn Wales in the Unit¢d Kingdom. The rcgistered office is The Factory, Jenkin Stree( Porth, CF39 9PP. Thc nature of the charity's operations and principal activities is disclosed wihin the Trustces Report. The financial statements are presented in Stsrling (£), th¢ charities functional currency, and rounded to the nearest pound. The significant accounting policies applied in the preparation of these fmancial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. Accounting Policies 1.1. Basis of preparation and assessment of going coneerll The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Chariti¢s preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard. applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity constitutes a public benefit entity as defmed by FRS 102. Going Concern Having considered the year ahead, the trustees consider that there are no material uncertainties about the charity's ability to continue &8 a going concern. 1.2. Taxation The charity, being registered, is exempt from corporation t& IJ. Fund Accounting The unrestricted funds of the charity comprise those monies which are available to be used towards the meeting of the charitable objectives of the charity at the discretion of the Management Committee. The restricted funds are monics raised or rcceived for a specific purpose and accounted for in accordance with the donors imposed conditions. 1.4. Volunteers The Theatrc could not exist without the services of the nwiy volunteers that help throughout th¢ year. The value of services pmvided by volunteers is not incorporated into these financiaI stat¢ments. 1.5. Tangible red assets and depreciation Depreciation is provided on equipm¢nt at 150/0 reducing balance basis calculated to write off th¢ cost less residual value of each asset over its expected useful life. Depreciation is provided on motor vehicles at l 00/0 straight line basis ¢alculated to writs off the cost less residual value of each &sset over its expected useful life. Page 12
Speetscle Theatre Limited Notes to the fjnancial statements for the year ended 31st March 2025 1.6. Ineome & Endowments All incoming resources are included in the Statement of Financial Activities when the charity is etttitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income: Voluntary income is received by way of donation& gifts and unconditional grants and are included in full in the Statement of Financial Activities when receivable. Income for charitable services including agcncy work that is received by way of grants, donations and contracts. Where incotnc is dependent upon perfonnance and specific dcliverables, income is included in the Statement of Financial Activities as the charity cams the right to consideration by its performance. Where relevanL donated services and assets are included at the value to the charity where this can bc quantified. The value of services provided by volunteers has not been included in these accounts. Investment income is included when receivable. 1.7. Expenditure Liabilities are recognised as eXpendltLe as soon as there is a legal or constrnctive obligation committing the charity to that expenditure, it is probable that settlement will be r¢quired and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Expenditure includes any VAT which cannot be fvlly recovered. Charitsble expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs &ssociated with meeting the constitutional and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designcd to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate b&sis. 1.8. Financial instruments The clwity only has fllwicial assets and financial liabilitics of a kind that qualify as basic financial instruments. B&sic fmancial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Trade debtors and other debtors arc reCOlS¢d al the settlement amount due and prepayments are valued at the amount prepaid. Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfeT ol funds to a third paty and the amount due to settle the obligation can be me&sured or estimated reliably. Creditors are norn]ally recolS¢d at their settlement amount after allowing for any trade discounts due. P&ge 13
Spectaele Theatre Limited Notes to the financial statements for the year ended 31st March 2025 Ineome & Endowments Total year to 31103125 Total year to 31103124 Included within Income & Endowments for the year are: Grants Arts Council of Wales Regional Integrated Fund Interlink RCT RCTCBC Neighbourhood Network Fund RCTCBC SPF Small Grant RCTCBC SPF Micro Grant RCT Winter Warni RCT Unpaid Carers Grant Police and Crime Commissioner of South Wales TNL Community Grant: Cost of Living TNL Community Fund: Awards For All Rhondda Cynon Taff: Schools Touring Community Cohesion Fund 9,000 4,700 988 860 12,000 1.000 1,000 2,000 2,000 3,750 16,147 14,419 12.593 5,564 14.400 1,989 1.000 9,857 102,408 UK Govt. shared prosperity grant TNL Stori Project 12,979 96,450 173,293 151.811 Donations and legacies Donations and legacies 233,974 83,463 Charitable activities: Fees 23,458 12,218 23,458 12,218 Investment actfivities: Bank Interest Receiv¢d 997 891 Other ineome: New Horizons Vol Factor expenses Other tncome 105 157 111 i i I 262 Totg16ncome 431,833 248,645 Page 14
Spectscle Theatre Llmlted Notes to the financlal statements for the year ended 31st March 2025 Expenditure Total Totsl year to 31 M8rth 25 ye•r to 31 Mareh 24 Costs direetly allocated to activities Wages & Salaries including Taxes Materials, Props, Resources & Training Redundancy Premises 179,338 7,775 9,455 6,515 146,875 7,897 6,000 Costs directly allocated to activities 203,083 160,772 Support costs allocated to activities Insurance Affiliation fees Advertising Printing, postsge and stationery Telephone Computer costs Travelling Legal and professional Entertaining Accountancy Bank charges Donations Sundry expenses Depreciation on fixtures & equipment Depreciation on motor vehicles Support eosts 1.472 1,197 240 1,961 862 2,337 8,091 2,535 1,232 865 16 2,183 805 1,427 7.624 4,518 1,380 1,050 10 550 13 2,111 3,171 2,373 3,171 26,172 25,025 Total Expenditure 229,255 185,797 Net Incoming (Outgoing)IResources Totsl year to 31103125 Total year to 31103124 This is stated after ¢hargingl(¢rediting): Independent Examination 1,380 1,050 Page 15
Speetscle Theatre Limited Notes to the finaneial statements for the year ended 31st March 2025 Staff and Trnstee Costs The charity currentty h&s 4 full time staff,I part time employee. and 34 part time sessionav freelance staff (2024: 4 full time and I part time and 15 sessionavfreelance). The trustees received no other remuneration or benefit in connection with the perforniance of their duties. No employee was paid £60,000 or more during the year (2024 . 0) Totsl year to 31103125 179,338 9.455 Totsl year to 31103124 146.875 Net Wages paid Redundancy 188,793 146,875 Tangible fixed assets Motor Equipment vehicles Total Cost 31 March 2024 Additions 97,420 1,120 31,709 129.129 1,120 At 31 March 2025 98,540 Depreciation 31 March 2024 Charge for the year At 31 March 2025 31,709 130.249 89,547 2,373 15,855 3,171 105,402 5.544 91,920 Net book values At 31 March 2025 19,026 110,946 6,620 At 31 March 2024 12,683 19,303 7,873 15,854 23,727 Page 16
Spectacle Theatre Limited Notes to the financial statements for tbe year ended 31st Mvdrch 2025 Debtors 2025 2024 Other debtors Prepayments and accrued income Owed by RCT 327 3,245 15,000 912 9,664 18,572 10,576 Creditors: amounts falllng due within one year 2025 2024 Other taxes and social sccurity costs Accruals 2.246 1,380 2,797 17,989 3,626 20,786 Analysis of Net Assets between Funds TotAI 2025 Unrestricted Restricted Tangible Fixed Assets Net Current Assets 5,623 371,047 13,680 19,303 371.047 376,670 13,680 390,350 10. Related party transactions No relat¢d party transactions took place during the period. 11 Company limited by guarantee The company is limit¢d by guarantee and has no sharc capital. Every member of the wmpany undertakes to wntribute to the assets of the company. in the event of a winding up, such an amount as may be required not exceeding £1. Page 17
Ill. Ill- tNr4J0oo Q f--c O ¢> c e*) ty O ro J U (> E r/J r/J U&Z suuryjZrA 2
Spectacle Theatre Limited Notes to the financial statements for the year ended 31st March 2025 Movement on Funds (Continued) Unrestricted general ndS may be spent generally for the furthering the charitable work of Spectacle Theatre Limited. The fund in this Category is the General Fund. Restricted Funds Arts Council of Wales Jobs protection and resilience of organisation Fund. Track 2000 Funding to buy a new touring vehicle for the company. Nation¥dl Lottery Community fund Top up grant. Cost of Living increase on Stori project. UK GOVT. shared prosperity grant Second year of funding. Supporting theatre and workshops to promote wellbeing within RCT. RCT schools touring Funding for touring theatre in education projects in schools in RCT. In the Dark Woods by Paul Swift. Payable in next financial year. RCT Nefighbourhood network Djembe drumming workshops with Calab&8h arts. RCT SPF small grant Car Play Theatre, connecting professional artists and community members in the production of Car Play Theatre for Rhondda Arts Festival and the Eisteddfod Genedlaethol. Build individual and group confidence and self-este¢m. Monday Night Group. Regional Integrated Fund Regional Coproduction Incentive Grant. Mental heahh and wellbeing pilot project. Police Commissioner GrAnt ACES Support for perfomiance and workshops across South Wales with people affected by Adverse Childhood Experiences. RCT Unpaid Carers Grant Social and recreational trips and activiti¢s for unpaid carers. TNL Communlty fund STORI project Final year of a three-year project connecting communities and reducing isolation. TNL Community Fund Awards for all A six-month multi-cultural and intergenerational project culminating in a Cultural Festival in Porth. Interlink RCT Increasing access for volunteers to the National Eisteddfod. Develop recreational Welsh languag¢ provision. Page 19
Spectacle Theatre LimAted The following pages do not forni part of the statutory account&
Spectacle Theatre Limited Combined Detail Income and Expenditure for the year ended 31 March 2025 31 March 2025 31 March 2024 Income Fees Arts Council of Wales Interlink RCT Regional Integrated Fund TNL Community Fund: Awards For All Rhondda Cynon Taff: Schools Touring RCT Winter Warni RCTCBC SPF Micro Grant RCT Unpaid Carers Grant RCTCBC Neighbourhood Network Fund RCTCBC SPF Small Grant TNL Community Grant: Cost of Living INL Stori Project Community Cohesion Fund RAFT UK Govt. shared prosperity grant Police and Crime Commissioner of South Wal¢s Donations and legacies 23,458 9,000 988 4,700 14,419 12.218 1,000 5.564 14,400 2,000 1,000 2,000 860 12,000 16,147 96,450 12,592 102,408 1,989 1,000 9,857 12,979 3.750 233,974 83,463 430,725 247,491 Expenditure Materials, Props, Resources & Training Wages and salaries Redundancy Pay Premises Insurance Aifiliation fees Printin& postage and stationery Advertising Telephone Computer costs Travelling Legaj and professional Bank charges Donation Sundry expenses Depreciation on fixtures & equipment Depreciation on motor vehicles Accountancy 7,775 179,338 9,455 6,515 1,472 1,197 1.961 240 862 2,337 8,091 2,535 7,897 146,875 6.000 1,232 865 2,183 16 805 1,427 7,624 4,518 10 550 13 2,111 3,171 1.050 2,373 3,171 1.380 229.255 185,797 201,470 61,694 Other operating income Other income Bank Interest Received 111 997 262 891 1,108 1,153 Operating profit 202.578 62,847