Company Registration llumber 01555311
Cl￿rity 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
C￿operative 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 a￿MpanyIng 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
* DeVelo￿d 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 M￿lMuM 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 IMp￿t 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¢ re￿bed 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 r￿ed 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 eXpendltL￿e 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 reCO￿lS¢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 reco￿lS¢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-
tNr4J0￿oo
Q f--c O
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ro J U (> E r/J
r/J
U&Z suuryj￿ZrA 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