Charlty Roglstratlon Numbor: 1059720 Company Registration Number: 03998370 CASCADE THEATRE COMPANY UNAUDITED TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 CASCADE THEATRE COMPANY CONTENTS Page Trustees. report ststement of Trustees. Responsibilities Independent Examiners. Report ststement of Financial Activities 8alan¢e Sheet 10 Notes to the Accounts CASCADE THEATRE COMPANY TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their report and accounts for the year ended 31 December 2025. Legal and Administrative Infomiation This is detsiled on page 5. Objectives Cascade Theatre Company, a Cornish charity, is an educational theatre and training company which aims lo inspire and motivate individuals and communities to take action lo achieve their aspirations and goals. Established in 1995, the formal objectives were to advance the education of people of all ages by promoting plays, dramas, and other dramatic works of educative value. During the ￿entY-nInth year of our charitable status our fundamental aim and principles remain the same. The company uses educational techniques and facililaled workshops to meet social concerns and health issues across Cornwall, predominantly working in areas with high social and economic deprivation. Responding lo requests from any organisation or group that will benefit from the work, Cascade continues lo Involve people in a prO￿sS which is stimulating, challenging and fosters a sense of pride and achievement in a commLJnity. Our work helps people develop emotional and communication skills which enhance and change their lives. We constantly research and develop the use of theatre and training techniques, designing each play or series of workshops to meet the particular characlerislics, needs and concerns of the target group. Bringing a unique blend of drama. psychology and sheer, big-hearted fun, our work can be delivered via workshops, plays, films, sketches, training programmes it Can invO￿e anyone and everyone from Social Services and conferences to private companies,. from the homeless to captains of industry and business clubs,. from the NHS lo school children and County Councils. The principal players in the company are Carol Brooking, Executive Director and Kit Maher, Artistic Director. We continue to employ sessional workers for particular perfomances and workshops, with experienced facilitators specialising in reminiscence and a ￿gUlar team of ten highly skilled arts practitioners. Charitable Activities Undertaken and Main Achievements 2025.. A Year of Renewal, Reach and Creative Growth 2025 was a significant and energising year for Cascade Theatre Company, made especially meaningful by the fact that we were entering our 30th year, having formed in 1995. Following the consolidation and planning done in 2024, the company entered this milestone year with renewed momentum, delivering a broad programme of creative, therapeutic, educational and professional work across Cornwall and beyond. The year began with a successful tour of "Four Seasons" bringing warmth, music, humour and reminiscence to older people in care homes and memory cafés during the winter months. Alongside this, 'An-Drama" restarted with great enthusiasm from participants and continued to grow. 'Emolional First Aid" expanded its reach in the Bodmin and Liskeard areas, supporting a broader range of people experiencing mental health challenges, while 'Insighl to ImpaGt" continued lo deliver high-quality professional training to social care and dental professionals. A major milestone for the company was securing for the first time in Cascade's Ihirty-year history, a grant from Arts Council England. This enabled the development of "Decades", a new interactive performance for older people, created through workshops, research and the involvement ofolder people themselves. The project toured widely across Comwall and demonstrated the continuing need for joyfvjl, a￿ssIble and emotionally mean ingful creative work for older people and people living with dementia. Across the year, Cascade continued to use theatre, humour, psychology and participation lo reach people who may otherwise have limrted access to creative opportunities. As we marked three decades ofwork, the company's purpose remained as clear as ever.. lo create connection, build confidence, support wellbeing, and uphold the belief that everyone has the right to be seen, heard and included. Four Seasons Cascade began 2025 with a successful lour of 'Four Seasons" our much-loved performan￿ created for older people, people living with dementia and those who support them. Taking place in January, the lour brought a welcome burst of wamith, colour and energy during what can often be a quiet and isolating lime of year. The first week of the lour was performed by Liane Jose and Jenny Beare. which helped relain the spirit and familiarity of the original production. We were also delighted to welcome a new actress, Jessica Layton, (Jenny had other commitmenlsl. who joined the project and brought her own sensitivity, warmth and freshness to the role. Her involvement enabled the lour lo continue with Confiden￿ and helped ensure the production could reach more people across Cornwall. The response was extremely positive. Audiences engaged warmly with the music, humour, movement and seasonal memories woven through the performance. For many participants, the show offered not only entertainment but also a chance to reminisce, connect with others and experience a shared moment of joy. The success of the tour reinfOr￿d Cascade's commitment to developing creative work for older people and people living with dementia, and to taking high-quality, accessible theatre directly into community and care settings. The tour was part funded by a grant of £2,850 from the Souter Foundation and a private donation. 'This is easily the best thing we have ever had at the group. Thank you so much. It fell so engaging and entertaining. I felt so lifted by it especially after what is happening in the world at the moment. It made me realise that in many ways it is a 'wonderful woAd'. (N.B. the final song of the play is 'lls a Wonderful Wortd) Emotlonal Flrst Ald {"EFA'? 'EFA" continued sU￿SS￿lIY throughout 2025, building on Cascade's long-standing experien￿ of using creative, practical and psychologically Informed approaches to support people facing mental health challenges. This year, we extended the programme in the Bodmin and Liskeard area, increasing our reach and enabling more people in different parts of Cornwall lo access the work. This expansion has been an important step in making "EFA" more widely available, particularly for people who may experien￿ barriers lo accessing more traditional forms of support. While 'EFA" has historically worked closely with people whose primary diagnosis is psychosis, in 2025 the programme successfulty reached a broader client base. Participants included people experiencing addiction and recovery challenges, obsessive compulsive disorder, anxiety disorders, depression, tr8uma-related difficulties and social isolation. This widening of access has demonstrated the flexibility and relevance of the 'EFA" model across a range of emotional and psychological needs. The sessions were originally planned as eight-week programmes. However, during delivery il became clear that the rale of positive change for some participants was significant. Several people began returning to work, entering education, or taking up new opportunities, which meant they were no longer able to attend the longer course. In response, Cascade adapted the programme and delivered the three series as six-week courses. This proved lo be a better fit for participants and partners, while still allowing the work to have a strong and meaningful Impact. During the year, Cascade also began testing the "EFA" model online. This included experimenting with how best lo deliver the work to a wider audience, potentially on a national scale. The team explored different software platforms, online facilitslion methods and delivery processes, with the aim of understanding how "EFA" can retain ils warmth, creativity and effectiveness beyond in-person settings. 'EFA' remains a vital part of Cascade's work. It offers participants practical tools, creatnie insight and a supportive environment in which to understand difficult feelings, build resilience and take positive steps forward in their lives. The workshops were funded by the Voluntary, Community, and Social Enterprise Health Improvement Fund and a donation lo the charity. Decades In 2025, Cascade achieved a significant milestone by securing, for the first lime in Cascade's Ihity-year history, a grant from Arts Council England. This funding supported the development of "Decades" a new interactive performance for older people, building on the success of Four Seasons while creating something fresh, ambitious and deeply rooted in the voices and experiences of older people themselves. The project began with creative workshops involving older people, giving partieipanls the opportunity lo contribute memories, ideas, stories and reflections. These sessions became an important part of the development process, ensuring that the final piece was not simply made for older people bul shaped with them. Gradually, the performance was pieced together through a combination of workshop material, research, reminiscence, music, humour and creative exploration. Alongside the live performance, Caseade also e￿ated a video documenting the project. This captU￿d elements of the play, the involvement of older people in ils development, audience interaction, and inteNiews reflecting people's responses to the work. The video has enabled the project lo reach beyond the live tour, extending awareness of the work and helping lo demonslrale ils impact to partners, fvnders and wider audiences. Although exact figures are difficult to verify, we believe that the combined reach of the live performances, care home communities, family members, staff, partner networks and project video may have been in the region of 2,000 people. The project visited thity-three new venues, including care homes and memory cafés, and reached communities across the whole of Cornwall. This was a major achievement for Cascade, both artistically and organisationally and demonstrated the clear appetite for high-quality creative work for older people, particularly work that is accessible, engaging and emotionally uplifting. The performan￿ itself was highly interactive, with new ideas incorporated throughout to involve aUdIen￿S as fvjlly as possible. Music, memory, humour, conversation and participation were woven into the ple￿, encouraging people to respond, reminisce and connect. This level of Interaction was central lo the success of the project and helped create a lively, shared experience for residents, carers, staff and family members. Feedback was extremely positive. Many people who had loved "Four Seasons" commented that "Decades"went even further, with some saying that while "Four Seasons" had been brilliant, 'Decades" exceeded it. This response has been deeply encouraging and confirms the value of continuing lo develop theatre that celebrates older people's lives, memories and cultural eXperien￿S. Funding is now being sought to lour "Decades, again in early 2026. Demand is already strong, with requests for the play coming in from Ca￿ homes, memory cafés and community settings. Cascade is keen to build on the momentum of this successful first phase and ensure that MO￿ older people across Comwall can experience the joy, connection and stimulation that "Decades" provides. 'The lady who was in the front row there was a nationally ￿cOgniSed chemist. Sadly she hasn't spoken he￿ntlY for at least nine months now. However she wes joining in with the singing and doing her times tables along with everyone else. That's simply incredible." Jackie, Care Manager at a ca￿ Home in Mid Comwall The funding from this project was gratefully re￿iVed from the Arts Council and The Garfield Vveslon Foundation Insight to Impact Cascade's professional training programme, "Insight to Impacv continued successfully in 2025, combining established training sessions with new areas of development. Eady In the year, Cascade delivered training for Cornwall Social serVi￿S, focusing on conflict resolution, difficult conversations and having a better understanding of clients and team. These sessions used Cascade's distinctive blend of Ihealre, psychology, humour and practical insight to explore how people communicate under pressure, how misunderstandings arise, and how professionals can respond with greater confidence, clarity and empathy. Attendance was reported as higher than average for this type of training, and feedback from participants was extremely p051tive. Many commented that the sessions were not only Informative and relevant to their work, but also unusually enjoyable and engaging. One participant described the training as 'almosl better than a day 0￿, flecting the lively, accessible and memorable nature of the day. During the year, Cascade also developed a new strand of work for overseas dentists, introducing participants lo some of the particular expectations, subllelies and cultural quirks of communication with patients in the UK. This training explored how British communication can sometimes be indirect, understated or context-dependent, and helped participants better understand professional expectations around patient interaction, teamwork, tone, listening and rapport. Cascade's established national training lour for newly graduated 'Foundation' Dentists 'Of Art The Communication, also continued in 2025, once again receiving excellent feedback. These sessions remain an Important part of our professional work, supporting newly graduated dentists to develop confidence, empathy and effective communication skills in clinical settings. However, the scale and intensity of the end-of-year national tour continues to place considerable pressure on the company leaders who deliver it. While the work remains highly valued and impacttul, Cascade is now reflecting on how this strand of training might be streamlined, reshaped or delivered differently in 2026 to ensure il remains sustainable for the organisation. "1 in 8 pr8CtIC81 hands-on person. I don't enjoy days like this usually. These sessions are normally all very vague and nothing to do wit17 being a good dentist. But you guys have made me ￿thInk how l interact with my patients. I want lo do good and make mongy and your workshop actually gavg mg insights into how to do both. It was beller than any communication training I had at five Yea￿ of dental school." A J Mahmood. Re￿ntlY graduated Dentist Looking Forward to 2026 Looking ahead to 2026, Cascade aims lo build on the Suc￿sS and momentum of the past year. Funding is currently being sought lo lour Decades" again, following strong responses from aUdIen￿S and a growing number of requests from care homes, memory cafés and community settings. We will eontinue to develop and sustain "An-Dr8ma" ensuring that the group remains a safe, inclusive and creative space for adults with learning disabilities. As the group grows, we will continue to manage new membership carefully so that participants can be welcomed al a pace that supports confidence, trust and belonging. 'Emotional First Aid" will remain a key part of Cascade's work. We hope lo continue extending its reach across Cornwall, while also exploring how the model might be adapted for online or wider delivery. The testing undertaken in 2025 has opened up important questions about how this work could potent1811y support people beyond our immediate geographical area. Our professional training programme, "Insight to Impacy, will also continue. However, we will be reviewing the structure of the national dental training tour lo ensure that it remains both impacfful and sustainable for the small core team delivering it. As ever, Cascade will continue lo seek project and core funding lo support existing programmes, develop new creative ideas, and respond lo the needs of communities across Cornwall. Funding NOVIS Funding remained highly competitive in 2025 and securing grant support continued lo require significant time, persistence and careful rewriting of applications. During the year, Cascade applied to a range of trusts, foundations and public funders lo support ils programme of work. We were delighted lo be awarded grants from National Lottery Awards for All, Garfield Weston Foundation and the Arts Council support marked a particulady important milestone for the company and enabled the development of "Dec8des" our new inleraclive performance for older people. Not all applications were successful, and during the year we were unsuccessful with applications lo The Andor Charitable Trust, The Emerton-chrislie Charity, The Joyce Fletcher Charitable Trust, Marsh Charitable Trust, Barchester's Charitable Foundation, The D'oyly Carte Charitable Trust, The February Foundation and The Morrisons Foundation amongst other smaller trusts and foLJndations. However, the process helped us continue lo clarify our project aims, strengthen our case for support and build relationships with potential future funders. We are grateful lo all funders, donors and partners who supported Cascade's work during 2025, including.. National Lottery Awards for All - £12,391 towards "An-Drama" Garfield Weston Foundation £15,000 funding Arts Council England - £25,000 towards "Dec8des' Other donations- £1,500 This support enabled Cascade to continue delivering creative, inclusive and wellbeing-focused work across Cornwall, reaching older people. people living with dementia, adults with learning disabilities and people experiencing mental heatth challenges. Flnanclal revlew During the year the charity continued to develop ils servI￿s. 11 generated an overall deficit of £33,065. Of this a net deficit of £9,417 relates lo unrestricted funds and £23,648 relates to restricted funds. Overall, both unreslricled and restricted funds remain in surplus. As the cost of development of workshops and perfOrman￿S cannot always be Met by clients we continue to apply for support lo local, regional and nats'onal grant making bodies whose interests match those of our clients. Cascade is a registered charity and was incorporated as a company limited by guarantee on 22nd May 2000. The majority of the other income is from fees charged for performances and workshops where no grant funding is involved. Almost all of Cascade's income goes on production and support costs. Cascade is not required lo register for VAT because most of the activities contributing to ils income are outside the scope of VAT, bringing the amount of income within the scope of VAT well below the threshold for registration. Level of Reserves The trustees have considered the reserves of the charity. The policy is lo hold six months of costs in cash al any lime. The purpose of holding such a reserve is to ensure that debts can be met as they fall due. Budgeted costs for six months are estimated lo be £50,000 and unrestricted cash reserves at the year-end were £11.287. The charity continues lo work towards building its reserves. Publlc Beneflt The charity's objective is the advancement of education of people of all ages by promoting plays, drama and other dramatic works of educative value with the aim of improving the health and wellbeing of the general public. The Trustees confirm that they have referred lo the guidance contained in the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities and projects. Legal and Administrative Infomiation Name The charity changed its name lo Cascade Theatre Company in 2002 and by some clients il is still known by its familiar name of Cascade Theatre in Education Company. Re islration Number The charity's Registration Number is 1059720. Governin Instrument The charity is governed by its Memorandum and Articles of Association. The charity's directorsllruslees during the year were.. Robert Warner Hilary Guthrie Bridget Prideaux (from 21 St August 20251 Mana ement Committee The members of the committee during the year were". Robert Warner- Chair Eloise Renner- Secretary Carol Auslin-smilh Hilary Guthrie Soozie Tinn Bredgel Prideaux The address of the charity is.. PO BOX 70 Truro TR4 9YF Incor oration Cascade Theatre in Education Company was incorporated as a Company Limited by Guarantee on 22nd May 2000 and having changed its name by special resolution was incorporated under the name of Cascade Theatre Company on 17th September 2002. Com an Number The Company Number for Cascade Theatre Company Limited is 3998370. istered offi The address of the Registered Office of the company is 30-32 Treba￿1th Crescent Newquay TR7 1DX Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling, ME19 4JQ Related parties and Co￿peration with other organisations None of our trustees receive remuneration or other benefit from their work with the charity other than as disclosed in note 5 to the accounts. Any connections be￿een a Iruslee and a related party musl be disclosed lo the full board of trustees. Risk Management The trustees have a risk management strategy which comprises.. An annual review of the principal risks and uncertainties that the charity faces The eslablishmenl of policies, systems and procedures to mitigate those risks Identified in the annual review., The implementation of procedures designed to minimise or manage any potential impact on the charity should those risks maleri81ise. The review identified that financial suslainabilily is the major financial risk for the charity. A key element in the management of financial risk is a regular review of available funds lo settle debts as they fall due. The annual report was approved by the trustees of the charity on 11th June 2026 and signed on its behalf by.. i-. Robert Warner, Trustee Dale CASCADE THEATRE COMPANY STATEMENT OF TRUSTEES, RESPONSIBILITIES The charity trustees Iwtto are also the directors of the Cascade Theatre Company for the purposes ol company lawl are responsible lor preparing a trustees, annual report and financial statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United Kingdom Generally A¢￿pted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state ol affairs of the charitable company and ol the incoming ￿sourceS and application ol resources, including the income and expenditure, ol the charity for that pericKI. In preparing the linanaal statements, the trustees are required to.. s818Ct Suitable accounb.ng poliaes and then apply th8rn COnSlSt8ntly". observe the methods and principles in the Charities SORP". - make judgements and esb"mates that are ￿aSOnable and prudent", - state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going COn￿M basis unless it is inappropriate to presume that the charity will continue in business. The tiustees are responsible for keeping proper accounting records that disclose wth reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the Iinancial statements comply th the Companies Act 2006. They are also iesponsible for safeguarding the assets of the charity and hen taking reasonable steps lorthe prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the corporate and financial inlorrnation included on the charitable companys website. Legislation in the United Kingdom goveming the preparation and dissemination ol fi'nancial statements may differ from legislation in otherjurisdictions. CASCADE THEATRE COMPANY INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF CASCADE THEATRE COMPANY I report on the accounts of the company for the year ended 31 sl December 2025, which are set out on pages 9 to17. Respective responsibilities of trustees and examiner The Irustees Iwho are also the directors of the company for the purposes of company lawl are responsible for the preparation ol the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Ch8rilies Act 2011 Ilhe Chaiilies Act) and Ih8t an independent ex8minalion Is needed. Having satisfied myself that the charity is not subject lo audit under company law and is eligible for independent examination, rt is my responsibility to.. examine the acoounls under section 145 of the Charf(ie5 Ad., to follow the piocedures laid down in the General Directions given by the Charity Commission under section 14515llbl of the Charities Act., and to state whether particular matters have comè to my attèntion. Basis of independent examiners, report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison ol the accounts presented with those records. It also Indudes Consideration of any unusual rtems or disclosurès in the accounts. and the seeking ol explanations from you as Iiuslees conceining any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiners, statement In connection with my examination, no matter has come to my attention to indicate that.. accounting records have not been kept in accordance with section 386 of the Companies Act 2006,. the accounts do not accord with such records.. where accounts are prepared on an accruals basis, whether they fail to comply with relevant accounting requiiernenls under section 396 of the Companies Act 2006, 01 are not con51slenl wlh the Charities SORP IFRS 1021 any matter which the examiner believes should be drawn to the attention of the reader to gain a proper undeislanding of the accounts. Mr N Hallam FCCA Crane & Johnston Chartered Certified A¢countants 11 Mverton Terrace Penzance, Cornwall TR18 4JH Oate.. 17th Jun8 2026 CASCADE THEATRE COMPANY STATEMENT OF FINANCIAL ACTIVITIES (income and expenditure accounti FOR THE YEAR ENDED 31 DECEMBER 202S Unr68trlctsd Deslgnatsd R88ttlcted Funds Fund5 Fund5 Total Total Nots5 2026 2024 Income Volurrtary incom8 Donations 1,531 1,S31 70.227 Actlvltl88 for generatlng funds: Inte￿5t recewable 130 130 126 Income trom charltablo actlvltles.. Performance & wothshop Other incorne 37,904 7,657 37,904 7,915 52.391 29,252 5,901 20,400 258 Grants & contracts 52,391 Total income 47,222 52,649 99.871 125,906 Exp8ndlture Expenditu￿ 011 Gharitsble aGtivities 56,639 76,297 132.936 108,685 Totsl èxpendlture 56,639 76,297 132.936 108,685 Net lexp8ndlturelllThcome for th8 year 19,4171 123,6481 133.0651 17,221 Transfers betseen funds 19,895 120,0001 105 Net movement in funds 10,478 120,0001 123,5431 133.0651 17,221 Recontiliation of fijnds Total funds brought forward 809 20,000 64,882 85.671 68,450 Totsl funds cartled fotward 13 11,287 41,319 52.606 85,671 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from CASCADE THEATRE COMPANY BALANCE SHEET AS AT 31 DECEMBER 2025 2025 2024 Fixed Ass Tangib￿ A88els 10 7.702 10,269 Curront A68èts Debtors C88h at Bank and in Hand 13,090 34,485 8.974 69,653 47,575 78.627 CrèdltOY8: amounts falllng duo wlthln one year 12 12,6711 13.2251 Not current assets 44,904 75.402 Net a68ets 52,606 85,671 Tho fvnds of th8 charity.. Re8tricted funds 41.319 64,862 Unrestricted funds". Desi9naled funds General funds 20,000 809 11,2B7 Total charlty fund8 13 52,606 85.671 Forthe finan(a81 ye8r Ènding 31 Decembtr 2025 the ch8ri1ablè company was entitled to exemption trom audit under section 477 of the Cornp3nies Act 2006 ￿lating lo small companies. Dirèdors, re$ponsibilities-. The members have not required the Charitab￿ cofflpany lo oblain and 8udit of 115 financial statements for the year in question in actordan(E with section 476." and The direclor5 acknowledge their responsibilitie5 for COTnp1ying ￿th the requiremen15 of Ihe Acl wlh restEcl to accounting records and p￿paratIOn of finan(x81 $latÈmenls. The financial slalements have been prepared in accordance with the special proiysions relating lo companies subjed lo the Small companies regirne within Part 15 of the Companie5 Acl 2006. The financial statetnents were approved by the board of trustees and aulhorised for issue on 11th June 2026 ar 8igned on their behaWby'. RobertWamÈr, Trustee Company number 03998370 10 CASCADE THEATRE COMPANY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 Ac¢out)tlnll poll¢l•s 1.1 Basls of preparatlon The finanu81 Stste￿nIs have b8en prep8red in ac¢ord8nce ￿th Attounling and Reportlng by Charities.. Statement of Recommended Pr8clice ￿p￿1¢ablE lo charities prep8ring their accounts In accordance with the Financial Reporting Standard ap￿ICable in the UK and Republic of Ireland IFRS 1021 lettective 1 January 20151- ICharilEs SORP IFRS 10211. the Finanual Rwrting Standard ap￿Irab￿ in the UK and Republ￿ of Irdand IFRS 1021 and the Companies Act 2006. C8SC8de Theatre Company meets the definiiion of a wblic benefit entity under FRS 102. Assets 8nd liabilities are inib8lly recognised al historical cost ortransacbon value unless 01he￿iSe slated in Ihe relevant accounting kx)Ii¢y note. 1.2 In¢omo Acliviiies for generating funds rd81e$ to income receivable by the charity for serwtrs provKled. Donations. Wues and olherfom15 of voluntary income are re￿nISed 35 incoming resou￿5 when recewatAe, exwt insofar asthey are inrapable offinancial tneasuretnent. Grants. Including grants forth& purchase of fixed assets, are recognlsèd In full In the stataN￿nI of Financi81 Aclivilies in the year in which they are recei¥8bk. When donors specxfythal donations and grants given to the tharity mu51 be used in fu￿re accA>unting peri(￿5, the incotne is deferred until Ihose periods. Investmènt income is included vthen receiv8bb. 1.3 Expendf(ure Expenditure Is Induded In the Staiemenl of Finan￿al Aciiviiies on an accruals basis, inclusive of any VAT vthich cannot be recove￿. ch8r1￿￿le adivity expenditure comprises those cosls incurred by the charity in ihe delivery of its 8clivits-es and servi￿$ for Ils benefici8ries.11 includes bolh costs that can be allocaled direcly to such aGlivilies and those costs of an indirect nature ne￿ssaryt0 SUPFK)rt them. 0therexpendi1u￿ ￿preSents￿o&e items not fallino into any other heading. I cosls 8re 811ocated betsveen Ihe expenditure Cal￿OrieS of the stsiemenl of Finanual Acii¥ity on 8 basis desioned lo refw the use of the resource. Costs relating lo a p8rbcubr8Glivity are allocatsd dire¢Uy. olhers are apporboned on an appropriate basis. e.g. estimated wages as setout in note 7. 1.4 Tangible fixed assets and depreciation Tangibl& fixed 8sseis ar& 818ied ai cost less depreoallon. Depr8C4alv)n Is provlded al ratss ¢alculalad io Write off the cost less eslimaied residual value of each asset over its expected useful life, 85 follows.. Individual fixed asse15 costing £250 or more are capilali5ed al c051 Computer eouipmeni Flxlures. fitungs 8nd equlpment m￿Or ¥ehides 33% per annum on ¢osV25/0 per annum on reducxng balance 25'h per annum on redu¢lng b818nce 25'h per annum on reduciw balance 1.5 Financial instNm?nts The charity only has finanual 8ssets and financyal liabilitie5 of a kind Ihal qu811ty 85 tyss￿ financial inslrumenls. Bawc finanual Inslwmenls are inibally rewgnised al transaction value and subwuenly measured al1h￿r sett￿Ment V8lue. 1.6 Fund a¢¢ountiny Unresirict6d funds ar& donations and other incomlng res(KJrc&s rewvabla orgeN&rnl8d for tha oblacts of the ch8riiy Wilhoui further specified purpose and 8re 8vailable as general funds. DesvJnaled funds is a provision made for redundancy costs and represents transfers from unrestricted funds a5 a9[￿￿ bythe Trust￿5. Restricted funds 8ra subjectio specfflc condillons by donors and gr8ni m8king bodies as 10 how they may be used. The purposes and uses of the restricted funds are sel oui In the n￿e$ lo the accounts. CASCADE THEATRE COMPANY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 1.7 Penslon8 The Charitable company optrates a defined contribution pènsion sthtmt. Contributions are charo8d to the St8tsm8ni of finan¢l81 athivllies as IW become payabla In ac¢¢rdarKe with the rules of the scheme. Loyal statu$ The charity is a wmpany limit￿ by guarantee and has no share cApital. In the event of the charity being wound up. the Ikability in respect of the guarantee is limited lo £1 ppr member of the charity. The th8ritatAe comp8ny W8S incotwraied in th6 UK and is registered in Cornwall. Thè printsp81 place of business 18 PO Box 70, Truro, Comwall, TR4 9YF. Investment Income JI of the charity's inve5tsnent income arisesfrom an interest bearing dew>sit account. T•x•tlon The charitable company is exempl fr(xn oyporalion tsx on its charitabk activibes. TrLMtses None of the trusteès lor any persons tonnected with them) r*eivaJ any remuner*ion orwere reimbursed expènses durlng the ￿8r. One trust￿ prowded serwcesto the charity in the year atnounting to £2.966. No a￿unt￿a5 oulslanding atyear*nd. Incomo from ¢h•vltable a¢ii¥ltles A wmmary of the fin¥ntyal ¥clivilies undertaken by the charity is setoul below. 2025 2024 National Lottery Proi8cI Grant National Lollery Community Fund (An Drama) Garfield Weston Foundation VCSE Heahh Improvement Fund for Emotional Fir51 Aid The Bally Thoma5 Charitable Fund The cla￿ Milne Trust c￿￿Wall Counul Community Chest Fund Feast Lions Club of Truro forAn-Drama Souter charitab￿ Trust 26,000 12,391 15,OOQ 9,000 3,DDO 5,DDO 150 100 300 2,850 20,400 12 c* ¢40 rininrty) OKO o E CASCADE THEATRE COMPANY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 Athatysl8 of llo￿rnan￿ ¢08t8 2020 2024 Accountancy and bank charge5 analysed between fund5. General unrestricted fund 2,598 2,250 2,250 Anatysis of staff costs 2025 2024 Wages and salarie5 National insuranr Pension costs 77,908 1,93S 1,263 81,106 73,761 1,999 77,D73 Therewere no empbyeeswhose emdumenls were£60,000 ormore Number ofempbyaès.. 2025 Numbgr 2024 Number Exe￿Il￿e Directorand Artistic Director Average numberofempbye8s during thè ￿rIOd 14 CASCADE THEATRE COMPANY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 10 Tanglblo flxod a880ts Flxturos, flttlngs & equpment Motor vehlcles Total Cost At 1 January 2025 Addllions DIspos815 At 31 December 202$ 12.950 24.349 12.950 24.349 Depro¢18tlon Al 1 January 2025 Charge for year On disposals At 31 De¢èmbor 202S 3.237 2.428 10,843 139 14.080 2.567 5.665 10,982 16.647 Net bookvalue At 31 Decembpr 2025 7,285 417 7.702 At 1 January 2025 9.713 556 10,269 Debtors 2025 2024 Debtors Prepayments 12,465 625 8,296 678 13,050 8,974 12 ¢rodknrs.' amounts falllng duo wlthln ono year 2025 2024 Accmals and dèfe￿￿ intome 2,671 3,225 2,671 3,225 CASCADE THEATRE COMPANY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025 13 Movom•nt In Fund$ The inc