REGISTERED COMPANY NUMBER: 03737107 (England and Wales)
REGISTERED CHARttY NUMBER: 1076399
THEATRE ARTS AcfioN TRusr
(A COMPANY LIMITED BY GUARANTEE)
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023

THEATRE ARTS ACTION TRUST
CONTENTS OF THE FINANCIAL STATEMEMrs
FOR THE YEAR ENDED 31 DECEMBER 2023
Page
Report ofthe Trustees
Independent Emamlner's Report
Statement of Flnanclal Actlvltles
Balance Sheet
8 to 9
Notes lo the Flnanclal Statements
10 to 20
Detalled Statement of Flnanclal Artlvltles
21 to 22

THEATRE ARTS ACTION TRUST
REPORT OF THE TRUSTEES
FOR THEYEAR ENDED 31 DE￿MBER 2023
The trustees who 3re also dirertors of the charity for the purposes of the Companies Act 2006, present thelr report
with the financlal statements of the charlty for the year ended 31 De￿mber 2023. The trustee5 have adopted the
provislons of AccountinE and Reportlng by Charlties: Statement of Recommended Pracllce applicable to charitles
preparing thelr accounts In accordance with the Financial Reporting Standard applicable In the UK and Republlc of
Ireland IFRS 1021 (effective l January 20191.
OBJEcfivES AND ACTMTIES
Objectives and aim5
The aims and objectives of the Company are, In summary:
l. to prov5de and malntaln publk educatlon In drama and the performlng arts;
2. to provlde a building for the residents of the Colthe5ter area and its nelghbourhood for thls purpose, predomlnantly
for amateur organisations,.
3. to provSde the opportunltles for teachers of drama and performln8 arts to practise their actlvltles:
4. to advance education by encouraoing the publlc, schools, specia Interest groups. people wlth dlsabllltles and the
disadvantaged to take an actlve Interest in drama and arts,.
5. to provlde facllltles for the advancement of health, citizenship and community development and for lelsure-tlme
actlvltSes according to rhe Charltles Act 2011.
6. to carry out other charltable actlvitles for the promotion of theatre and the arts Sn the Colchester area.
Slgnlftcant gctlvltles
The Headgate Theatre opened In March 2002. It15 managed by a Board of Trustees whlch meets regularly to oversee
the admlnistration of the Trust, to ensure that it5 oblectlves are met and to ensure that fvnds recelved are applled to
Its charitable purposes. The 8oard also satisfies itself that systems are In place to secure compllance with all
statutory requlrements and to obtaln value for money. Day to day operatlon Is delegated to a pald Headgate
Manager, Buslness Administrator, and Box Offlce Assistant, as well as a dedicated vdunteer Management Group.
Effectlve links are malntalned between the Board and the Group through the fact that the Treasurer is a Trustee and
member of the Group, whlle the Head8ate Manager, who Is also Chair of the Management Group, reports to each
meetlng of the Board,
Publlc benellt
The CompanVs major purpose Is to hlre the theatre and rehearsal facilities to perfomiing arts groups In the area and
thereby to provlde facllltles for wbllc beneflt. The addltion of space at 12 Chapd Street North in 2019, referred to In
the Trusteeg report for that year, provlded two broader opportunltles, enabling the expansion of facllltles available to
theatre-related actiwty Iperfomiance and rehearsal) whllst providlng hirlng opportunitles to non-theatre
organlsatlons and group5 to support the dellvery of the Head8ate's wider objectlves.
The frustees confirm that they have referred to the guldance contalned In the Charlty Commlsslon's general guldance
on publlc beneflt when revFewing the Trust'5 objectlves and activities.

THEATRE ARTS ACTION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
ACHIEVEMENT AND PERFORMANCE
ChJrStable activities
2023 Saw the Headgate continue to build on its legacy of success and present a wide varlety of productlons to engage
our audlences In all genres.
The York Reallst. Goodnight Mister Tom, The Addams Famlly, The Mill on the Floss, The Haunting of Hlll House,
Vanya and Sonia and Masha and Splke, and Dick Whittington were our Headgate Theatre and Headgate Young
Company produrtlons during thls year. Al these performances were well received by audiences and crltlc5 allke,
Goodnight Mi5terTom provlded an opportunity for a yOu￿d actor who went on to appear in the West End.
We contlnue to be proud of all participants in our prcKluctions, both on stage and off. and are Brateful to all who put
In tlme and effort to ensure the Headgate continues to be a vital part of the arts environment In North Essex. In the
year, besides innumerable nomlnations, 'Frankenstein' (HTPI and 'How To Disappear Completely and Never 8e
Found, IHYCI received 'Best Plav awards In thelr Tespectlve cate8ories from the North Essex Theatre Gulld. Dawn &
Dave Klng were recc6nlsed for "their tlreless w￿k at the Headgate Theatre over many years
wlth Honorary Llfe
Membershlp of NETG.
Headgate Young Company came under new dlrection fer its regular workshops and COn￿nUed to offer opportunltles
to I￿21 year-olds In the area. Whllst numbers were not a5 Strong as we would like, there contlnues to be a need for
US to provlde this opportunlty. Work is being undertaken to create new openings for our young people to develop thls
8eneratlon and thelr work wlthln the Headgate. Members of HYC wrote and delivered a piece at The Colchester Frlnge
whlch Is being further developed to dellver In school and youth group settlngs. An encouraging remark received from
the head of drama at Colchester Vl Form College ... 'Vle have OFSTED in next week and I put down Headgate Theatre
15peclflcally Young Company) as a stakeholder for our college as you have Influenced our curriculum and work on skllls
with students outside of our college 5ettiDg."
The Trustees were grateful to Dedham Players who, on winding up thelr long-standlng dramatics company, donated
thelr surplus funds to further sUPPC*t the Headgate's work with HYC.
The Headgate's equallty, dlverslty, and Incluslon strategy contlnues to be champloned by the Board and we are proud
of thls achlevement, This year, through external fundin& we were abk to offer a cultural programme to engage
communltles wlthin Colchester and brlng them Into the Headgate. Thls was a highly successful event and opened our
doors to users who had not prevlously engaged wlth us. HTP and HYC productions durln8 2023 have Included people
wlth physical and neurodivergent needs. The York Reallst was an LGBT+ playperfomed In LGBT+ hSstory month.
In October 2023 Trustees met wlth the Cwr Mlchelle Burrows, Colchester City Councifs Portfollo Holder for Culture,
Leisure and Herita8e. The meetlng was convened, In par¢ as a result of the Headgate's poor repre5entatlon In the
Councifs Cultural Strategy document. but also to ensure the HeadEate remalned vlsible on the cit(s 'cultural skyllne,.
The meetlng was posltlve and provlded encoura8ement In view of the Imminent lease renewal dlscu55ion in respect of
14 Chapel St.
The Headgate only exlsts through the dedlcation of its volunteers, who take on many aspects of enabling the company
to delivèr the Headgate's activity. We remain ever 8Tateful for thelr tlreless effort, enthuslasm, and commitment to
provldinB a home for amateur theatre in Colchester.

THEATRE ARTS ACTION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
FINANaAL REVIEW
FSnan¢lal positlon
The examlned accounts for the year ended 31 December 2023 record a reductlon in the funds of the Charlty of
£42,406. This deficit arises after charging depreciation and amorti5ation of £50,867.
Cash holdings Increased over the year by £10.5k.
Head8ate Theatre Productions presented well-received performances durlng the year, whlch along wlth other
Head8ate admlnlstered activities (ACT V. Headgate Youn8 Company and workshops) contributed slgnlficantly to the
financial outcome in 2023.
Overheads contlnued to reflect increaslng costs as Inflation remalned a signiflcant feature In 2023. Protectlon from
varlable energy prlce5 was secured due to an ongoin8 supply contract which wlll expire In 2024. Trustees and
management continue to exercise *tentlon and control in all areas of spend.
Reserves pollcy
Trustees are obllged to regularly revlew the Trusvs resetves pollcy a5 part of its obllgatlon to the governance of the
Trust.
It Is the oplnlon of the Trustees that sufflclent reserves remaln available and uncommitted In order to meet an
unexpected expendlture leg replacement of plant or fixture51 or to enable the theatre to remaln operational for
mlnlmum perlod of two years In the event of business Interruption whllst actlons are taken to moderate Costs in line
with a reduced level of Income.
FUTURE PLANS
The Board contlnues to develop Its strategy towards diverslty and incluslon whlle ensurlng Its obllgatlons towards
safeguarding and other matters of governance are met. A strategy to dellver a sustalnable plan to secure the
Headgate's future embracing the Companys aims and objectives 15 also In discussion.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governln8 documenl
As a company Limited by Guarantee, incorporated on 19 March 1999 and re8lstered wlth the Charity Commlsslon on 6
July 1999, the governing document is the Memorandum and Articles of Assoclatlon, under whlch the dlrectors act as
Charlty Trustees.
Organlsatlonal structure
The current organlsational structure con5i5ts of elght directors, two of whom have honorary roles as the Chalr and
Treasurer.
The powers of the dlrectors are-
to appolnt a Chalr from amongtheirnumber:
to delegate any of their functions to commlttees of two or more Indlvlduals, at least one of whom must be a
member of the management group;
to make standlng orders and rules conslstent with the Memorandum and Artlcles of Assoclatlon,

THEATRE ARTS AcfioN TRUST
REPORT OF THE TrUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
STRucfuRE, GOVERNANCE AND MANAGEMENT
Governance and management
Durlng 2023 the Board met on four occaslons: the Mana8ementGroup met on flve occasions.
Following the reslgnatlon of Emily Palmer in February 2023, Paul Button was asked to assume the full role of Headgate
Manager (previous￿ a 'lob share, wlth Emily). A Business Admln15trator (Kim Anderson) was appointed in June 2023 to
support the Headgate Manager wth administrative and operational tasks, princlpally manaoing hlring
communlcatlons, contracts, etc with the Headgate's customers, and supervising co-ordinatlon of the volunteer force.
Together wlth the Box Off1ce Assistant (Mairead Ladyman) the staff team work collaboratively wlth the volunteer
Management Group and Trustees to operate and develop the Headgate a5 an effectlve communlty faclllty. wlth
volunteering at Its heart. The staff team are all employed on a part-time basls, accounting for 1.7 full-time
equSvalents,
The AGM was held at the theatre in June 2023. Three Trustee5 (Jane Blackburn, Pat Gaudln, Marla Calvyl had
completed their three-year term and, in accordance wlth the Memorandum and Artlcles of Assoclatlon, were due to
stand for re-election or to stsnd down. Jane Blackburn and Pat Gaudin were re-elected as Trustees, Maria Calvy had
glven notlce of her intent to retire as a Trustee, for personal reasons. The Chalr had written to Marla, regretfullv
accepting her reslgnatlon, and thanking her for her valuable contrlbution to the Board, especially In respect to legal
matters.
MSke Poole, a dlstin8Uished volunteer, and member of Theatre Arts Action Trust slno Its inceptlon, was elected to the
Board at that meetlng.
Members present at the AGM agreed to changes to the Management Committee to allow more flexible and effe¢tlve
worklng between the Headgate Mana2er and volunteers {facilitsted by sectlon 8 of the Artlcles of Association). The
Management Commlttee was replaced ￿ a more Informal Management Group, chaired by the Headgate Manager
and comprlslng chairs of sub-commlttees Itechnbcal, buslness development, publlcity and marketlng, artistic
programrnlng and educatlonl and co-opted volunteers with speclalist knowledge, a5 required.
Robert Macaulay was Invlted to join the Board In December 2023.
Durlng the year Jlll Knleht and Tony Sharp (January 20241 and Ben Wllls (Aprll 2024} offered thelr reslgnations to the
Board, These were accepted wlth regret and messages of thanks for thelr service and contribution to the Board were
dellvered to each.
Followlng Ben's re5ignatlon, Trustees agreed to work collaboratlvely and to rotate the chair at meetlngs,
The Management Group, chalred by Paul 8utton, currently consists of Allson Wheeler, Heidi Mu55ett. Mike Sullivan,
Jonathan Davles. Dave KI￿, Charlle Davlson, Mlke Kerr {Trustee & Treasurer) and Ellzabeth Holford {Company
Secretary).

THEATRE ARTS ACTION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
03737107 (England and Wales)
Reglstered Charlly number
1076399
Reglstered offlce
Headgate Theatre
14 Chapel St North
Colchester
Essex C02 7AT
Trustees
MSJ M Blackburn
Ms M B Calvy {reslgned 1216123)
MsPAGaudln
T M Kerr (Treasurer)
C A Sharp Ireslgned 1811124>
MsKDKlng
Ms J L Knlght Ireslgned 1611124)
M W Poole
8 I Wllls Ichalr from 12 June 20231 (reslgned 29141241
Company Secretary
Dr E C Holford
Independent Examlner
Slmon Wellln8, Certlfled Accountant
Halne5 Watts
Town Wall House
Bglkerne Hill
Colthester
Essex C03 3AD
Sollcltors
Thompson Smlth & Puxon
Stable 6, Stable Road
Colchester
Essex C02 7GL
Bankers
HS8C
26 High Street
Colchester
Essex COI IDQ
Approved by order ofthe board of trustees on ... .
. and signed on Its behalf by..
s J M Blackburn- Trustee

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
THEATRE ARTS ACTION TRUST
Independent examlner's report to the trustees of Theatre Arts ￿￿[On Trust (lhe CompanVI
report to the charity trustees on my examination of the accounts of the Company for the year ended
31 December 2023,
Responslbllltles and basls of report
As the charity's trustees of the Company la￿1 also its dlrectors for the purposes of company lawl you are responsible
for the preparatlon of the accounts in accordance with the requirements of the Q)mpanie5 Act 21J061'the 2D06 Act,).
Havlng satisfled myself that the accounts of the Company are not requlred to be audlted under Part 16 of the 2006
Act and are eligible for independent examlnation, I report in respect of my examination of your charity's accounts a5
carrled out under Section 145 of the Charities Act 2011 {'the 2011 Act'l. In carryln8 Out my examination I have
followed the Directlons 8Sven by the Charlty Commlsslon under Section 145151 Ibl of the 2011 Act.
Independent examlner's statement
I have completed my examlnation. I confimi that no matters have come to my attention In connectlon wlth the
examlnatlon 8lvln8 me cause to belleve:
accountlng records were not kept In respect of the Company as required by Section 386 of the 2006 Act,. or
the accounts do not attord wlth those records- or
the accounts do not comply with the a￿Ounting requlrements of Sectlon 396 of the 2006 Act other than any
requlrement that the accounts give a true and fair view which is not a matter considered as part of an
Independent examlnatlon- or
the accounts have not been prepared In accordance wlth the methods and prlnclples of the Statement of
Recommended Practlce for accountlng and reportlng by charltles lappllcable to charltles preparlng thelr
accounts in accordance with the Financial ReportiThg Standard applScèble In the UK and Republlc of Ireland IFRS
10211.
I have no concerns and have come across no other matters In connectlon with the examlnatlon to which attentlon
should be drawn In this report In order to enable a proper understandln8 of the accounts to be reached.
-KJLX_
Simon Welling
Certified Accountant
Halnes Watts
Chartered Actountants
Town Wall House
Balkerne Hlll
Colchester
Essex
C03 3AD
11

THEATRE ARTS A￿lON TRusr
STATEMETrif OF FINANaAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
Total
funds
2022
Total
funds
Unrestricted
fund5
Restrlcted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacles
4254
16,515
20,769
42,195
Charltable artlvltlés
Headgate Theatre
lo9￿59
109,859
109.653
Other tradln8 activities
Investment Income
55,151
2,822
55,151
ZA22
53,973
786
Total
172.086
16,515
188,601
206,607
EXPEDJDITURE ON
Ralsing funds
27,551
27,552
27,883
Charltable a¢tivltks
Headgate Theatre
171,907
31,548
203,455
191,209
Total
199A59
31,548
231,007
219,092
NET INCOME/(EXPENDITLIRE
127,373)
(15,0331
142,4061
112,4851
RECONCILIATION OF FUNDS
Total funds brought forward
266￿79
60,777
327,656
340,141
TOTAL FUND5 CARRIED FORWARD
239,506
45,744
285.250
327,656
CONTINUING OPERATIONS
All income and expenditure has arlsen frcffi contlnuln8 operations.
The notes form part of these financial statements

THEATRE ARTS ACTION TRIJST
BALAN￿ SHEET
31 DECEMBER 2023
2023
Total
fund5
2022
Total
fund5
Unrestricted
funds
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
14
68,639
33,096
101.735
152,602
CURRENT ASSETS
Stocks
Debtors
Cash at bank and In hand
Is
16
1,784
11,067
175,626
8,228
171,6ZO
8,228
184,268
12,648
181.252
12,648
193,900
188,477
CREDITORS
Amounts falllng due wthln one year
17
110.385)
(10,385)
(13,423)
NEf CURRENT ASSETS
I70￿67
12,648
183,515
175,054
TOTAL ASSEfs LESS CURRENT LIABILITIES
239.506
45,744
285,250
327,656
NET ASSETS
239,506
45,744
285,250
327,656
FUNDS
Unrestrlcted funds
Restrl¢ted funds
19
239.506
45.744
266,879
60,777
TOTAL FUNDS
285,250
327,656
The notes form part of these financial statements

THEATRE ARTS ACTION TRUST
BALANCE SHEET- contlnued
31 DECEMBER 2023
rhp charitable company Is entitled to exemption from audit under Sectlon 477 of the Companles Act 2006 for the year
ended 31 December 2023.
The members have not required the company to obtain an audlt of its flnancial statements for the year ended
31 December 2023 in accordance with Sectlon 476 of the Companles Act 2(KJ6.
The trustees acknowledge their responsibilitles for
lal
ensuring that the charltable company keeps accounting records that comply with Sectlon5 386 and 387 of the
CompaniesAct 2006 and
preparlng financlal statements whlch 8ive a true and falr vlew of the state of affairs of the charitable company
as at the end of each flnancial year and of its surplus or deficit for each flnancial year in accordance wlth the
requlrements of Sections 394 and 395 and which othenNise comply with the requirements of the Companies
Act 21J)6 relatin8 to financlal statements, so far as appllcable to the charltable companv.
Ibl
These flnanclal statements have been prepared in accordance with the provlslons appllcable to charltable companles
sublect to the small companies regime.
The financial statements were approved by the Board of Trustees and a￿th￿Ised for Issue on
. aThl were slgned on its behalf bv:
Blackburn - Trustee
T M Kerr-Trus
ee
The notes fomi part of these financlal statements

THEATRE ARTS AcfioN TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
GENERAL INFORMATION
The chaiSty 15 a public beneflt entity and a private company limited by guarantee, Teglstered In England and
Wale5 and a registered charity in England and Wale& The maximum liability of each member In the event of
the company being dlssolved is £1.
The address of the reg15tered (rffice Is The Headgate Theatre. 14 Chapel Street North. Colchester, Essex C02
7AT.
The financial Statements are prepared In sterlln& whlch Is the functlonal Currency of the entity.
ACCOUNTING POLiaES
Basls of pyeparlng the flnanclal statements
The financlal statements of the charltsble company, whlch 15 a public benefit entlty under FRS 102. have been
prepared In accordance wlth the Charltles SORP IFRS 1021 'Accountlng and Reportlng by Charities.. Statement
of Recommended Pfactlce applicable to charltles preparln8 thelr accounts in accordante with the Flnan¢ial
Reportlng Standard appllcable in the UK and Republlc of Ireland IFRS 102) (effectlve l January 2019),, Flnanclal
Reportlng Standard 102 The Financlal Reporting Standard applScable In the UK and Republlc of Ireland, and the
Companle5 Act 2006. The flnancial statements have been prepared under the hlstorlcal cost conventlon.
Fund Accountlng
Unrestrl¢ted funds can be used In attordance wlth the charitable oblectives at the dlscretlon of the trustees.
Designated funds are unrestrirted funds of the charlty which the trustees have declded at thelr dlscretlon to
set aslde to use for a speclfic purpose. Restrlcted funds can only be used for parucular restrlcted purposes
wlthln the objects of the charlty. Restrlrtlons arlse when speclfied by the donor or when funds are ralsed for
partlcu12r restrlcted purposes. Further explanatlon of the nature and purpose of each fund Is Included In the
notes to the financlal statements.
Income
All Income Is recognlsed In the Statement of Financial Activities once the charlty has entltlement to the funds
It Is probable that the Income will be received and the amount can be measured reliably.
Income from government and other grants, whether 'capltsl' grants or 'revenue' grants, Is recognised when
the Charlty has entltlement to the funds, any perfomiance condltlons attached to the grants have been me¢ It
is probable that the Income wlll be received and the amount can be measured reliably and Is not deferred.
For legacles, entitlement 15 taken as the earller of the date on which elther., the Charity 15 aware that probate
has been granted, the estate has been finalised and notiflcation has been made by the executor(sl to the
Charlty that a dlstributlon will be made. or when a distrlbution is received from the estate.
Donatlons and othèr voluntary income are reflected In the accounts for the perlod In vthich they are recelved.
DonatSons in kind are recognised by the Charity when received except in the tase of setvlces provlded free or
undervalue by voluntary staff or others which are not reflected in the accounts.
Tlcket sales are not Included where th Charily Is acting as aBent for the user group.
Donated goods are Included at the value to the Charity where this can clearly and easily be quantifled. The
value of servlces provided by volunteers ha5 not been induded in these financial ststements.
Investment Income Is Included when receivable and comprises bank Interest.
-iO-

THEATRE ARTS AcfioN TRUST
NOTES TO THE FINANaAL STATEMENTS- contlnued
FOR THE YEAR ENDED ai DECEMBER 2023
ACCOUNTING POLICIES- contlnued
Expenditure
Expendlture Is recognised on an xcruals basis as Ilabilities are Incurred.
non-recoverable VAT and 15 rewrted as part of the expenditure to which it relates.
Expendlture Includes
Costs of ralslng funds comprise the costs associated with attracting voluntary Income and fundralslng
activlties.
Expendlture on charitable actlvltles comwlses those costs Incurred by the Charity In the delivery of Its
activities and Services for its be￿fIcIarle$.
Governance costs are Included as support costs and all￿ated to the activltles to which they relate.
Tanglble Ilxed assets
Fixed assets are stated at cost, less accumulated depreclath)n.
The costs of additions less than £1,000 are
not capitallsed. Depreciatlon Is provlded at rates calculated to write off the cost of each asset over Its
expected Ilfe, as foll0v￿..
Leasehold property Improvernents- str*ght Ilne over the Ilfe of the lease
Fixtures, fittings and equlpment- 20% reduclng balance
Stock5
Stocks are valued at the lower of cost and net reallsable value, after maklng due allowance for obsolete and
slow movln8 Items.
Debtors
Debtors are recognlsed at the settlement amount due. Prepayments are valued at the net amount prepaid net
of any trade discounts due.
Cash at Bahk and In Hand
Cash at bank and cash in hand Includes cash, bank and short-temi investments.
Credltors
Credltors and provlslons are recognlsed where the Charity has a present obllgation resulting from a past event
that wlll probably result In a transfer of funds to a third party and the amount due to settle the obllgatlon can
be measured or estimated reliably. Creditors and pr(wisions are normally re¢o8nlsed at thelr settlement
amount after allowing for any trade dlscounts due.
Taxatlon
The charity Is exempt from corporation tax on Its charltable actlvities.
Hlre purchase and leaslng ¢ommltments
Rentals paid under operating leases are charged to the Statement of Flnanclal Activitles on a stralght Ilne basis
over the period of the lease.
Penslon costs and othèr post-retlrernent beneffts
The charitable company operates a defined ContrI￿tIOn pension scheme. Contributions payable to the
charitable company's pension scheme are charged to the Statement of Financial Actlyities in the perlod to
whlch they relate.
-li-

THEATRE ARTS ACTICN¥ TRusr
NOTES TO THE FINANCIAL STATEMENTS- contknued
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES- contlnued
Golng con¢em
The accounts are prepared on a golng concern basis as there are no materlal uncertalntles about the Charlty's
ability to continue.
DONATIONS AND LEGACIES
2023
2022
Donatlon5
Grants
Subscrlptions
5.733
15.000
36
3,523
38,667
20,769
42,195
Grants recelved. Included In the above, are as follows:
2023
2022
Colchester Borough CourKII Rent Grant
Our Colchester
Hervey 8enham Charitable Trust
15,000
15,000
2,667
21,000
Is,000
38,667
OTHER TRADING ACTIVITIES
2023
2022
Headgate Theatre prOd￿tIonS
Workshops productlons
Actlvlty Intome
35,982
33,960
4,291
15,722
16,264
55,151
53,973
INVESTMENT INCOME
2023
2022
Oeposlt account interest
822
786
-12-

THEATRE ARTS ACTION TRUST
NOTES TO THE F114ANCIAL STATEMENTS- contlDued
FOR THE YEAR ENDEO 31 DECEMBER 2023
INCOME FROM CHARrrABLE ACTIVITIES
2023
2022
Headgate Theatre
Booklng fees
Bar and Ice cream sales
Other Income
Theatre hlre charges
10,754
33,825
2,829
62,451
9,278
28,789
3,384
68,202
109,859
109,653
CMARITABLE ACTIVITIES cosrs
Dlrect
Costs (see
note 81
Support
osts (see
note 91
Totals
Headgate Theatre
202,735
720
203,455
DIRECT COSTS OF CHARffABLE AcfivrnES
2023
2022
Staff costs
Freelance admln support
Rent and service charges
Rates and water
Insurance
LSght and heat
LScences
Cleanln8
Postage, statlonery and teleph
Sundrles
Bar and ice cream wrchases
Tlcket processlng fees
Repalrs and malntenance
Subscrlptions and donatlons
Bank and credit card char8es
Depreclatlon
39,692
723
37,248
3,516
s,￿3
4,813
2,633
IL04Q
1629
4,724
15,538
8,786
13,119
27S
1069
50,867
35,843
34,998
2,800
6,183
9,356
611
10,102
2,250
3,051
13,950
7,327
10,731
426
1,996
50,867
202,735
190,491
-1>

THEATRE ARTS ACtION TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
SUPPORT COSTS
Governance
C05tS
Headgate Theatre
720
Support costs, Incltjded In the above, are as follows:
2023
Headgate
Theatre
2022
Headgate
Theatre
Accountancy fees
720
718
NEf INCOMEIIEXPENDtfuRE)
Net In¢ome/lexpendlture) 55 Stated after char8ln81{credltlng)".
2013
2022
Depreclatlon . owned assets
Hlre of plant and machlnery
other operatlng leases
50.867
723
37,248
50,867
34,998
ii,
TRUSTEES, REMUNERATION MD BENEFITS
There were no trustees, remuneratlon or other beneflts for the year ended 31 December 2023 nor for the year
ended 31 December 2022.
Trustees, expenses
There were no trustees, expenses pald for the year ended 31 December 2023 nor for the year ended
31 December 2022.
12.
STAFF COSTS
20Z3
2022
Wages and salarles
Other penslon costs
Staff tralnlng
39,065
627
35,220
611
12
39,692
35,843
The avèrage monthly number of employees durlng the year wa5 as follows:
Z023
2022
Admlni5tratlve staff
No employees recelved emoluments In excess of £60,000.
-14-

THEATRE ARTS Acf14JN TRUST
NOTES TO THE FINANaAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
13.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unre5trlcted
funds
Restricted
funds
Total
funds
INCOME AND E14DOWMENTS FROM
Donatlons and le8acie5
6,195
36,000
42,195
Charltable actlvltles
Headgate Theatre
109,653
109,653
other trading activities
Investment Income
53,973
786
53,973
786
Total
170,607
36,000
206,607
EXPENDITURE ON
Raising fund5
27,883
27,883
Charltable a¢tlvltles
Headgate Theatre
159,659
31,550
191,209
Total
187,542
31,550
219,092
NEf INCOME/{EXPENDITUREI
116,9351
4,450
112,4851
RECONCILIATION OF FUNDS
Total funds brought forward
283,814
56,327
340, 141
TOTAL FUNDS CARRIED FORWARD
266,879
60,777
327,656
-15-

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIAL STATEPAENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
14
TANGIBLE FIXED ASSETS
Leasehold
property
imwovement
Fixtures
and
f ittin8S
Totals
COST
At l January 2023 and 31 December 2023
1148,527
104,519
553,046
DEPRECIATION
At l January 2023
Char8e for year
307,390
47,046
93.054
3.821
400,444
50,867
At 31 De￿rnkner 2023
354,436
96,875
451,511
NET BOOK VALUE
At 31 December 2023
94,091
101.735
At 31 December 2022
141,137
11,465
152,602
15.
STOCKS
2023
2022
Bar and Ice cream stc(ks
1,404
16.
DEB TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade debtors
Prepayments and accrued Income
3,755
4,473
7,100
3,967
8,228
11,067
-i&

THEATRE ARTS ACTION TRUSr
NOTES TO THE FINANCIAL STATEMENTS-continued
FOR THE YEAR ENDED 31 DECEMBER 2023
17.
CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
2023
2022
Trade creditors
Accruals and deferred Income
S80
9,805
427
12,996
10,385
13,423
18.
LEASING AGREEMENTS
Mlnlmum lease paymènts under non-cancellable operatlng leases fall due as follows-
2023
2022
Within one year
Between one and flve years
33,000
4S,
33,000
78,500
78,500
111,500
The Headgate Theatre114 Chapel Street) lease eX￿re5 In October 2025. Funds to meet this commltment are
provlded by Colchester Borough Council throu8h a grant eath year.
The lease agreement related to The Warehouse (12 Chapel Street) explres in October 2026,
19.
MOVEMENT IN FUNDS
Net
movement
In funds
At
31.12.23
At I,1.23
Unwestrlcted funds
General fund
Davld Forder Designated Fund
197,603
69,276
14,281)
(23,092)
193,322
46,184
266.879
(27,373)
239,506
Restrlcted funds
Theatre Renovation Grant
Headgate Youth Theatre
Sound and Light Equipment Fund
Art Councll Grant
H8cf Lift Replacement Fund
22,6S6
1,819
14,046
6,506
15.750
17,552)
1,515
IL577)
12,1691
15,104
3,334
12,469
4,337
10,500
60,777
115,033)
45,744
TOTAL FUNDS
327,656
141406)
285,250
-17-

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
19.
MOVEMENT IN FUNDS - continued
Net movement In funds, included in the above are as foll￿5..
Incoming
resources
Resources
expended
Movement
In fund5
Unrestrlcted funds
General fund
David Forder Designated Fund
172,086
(176,367)
(23,0921
(4.281)
{23,092)
172,086
1199.459)
127.3731
Restrlctèd funds
Theatre Renovation Grant
Rent Grant
Headgate Youth Theatre
Sound and Llght Equipment Fund
Art Council Grant
HBCT Llft Replacement Fund
(7.552)
(15,000)
(7,552)
Is,000
I￿15
1,51S
11,5771
12,1691
15,2501
11,577)
12,169)
15,250)
16,515
131,5481
115,0331
TOTAL FUP4D5
188,601
(231,0071
42,4061
Comparatlves for movement In funds
Net
movement
In funds
At
31.12.22
At 1.1.22
Unrestrlcted funds
General fund
Davld Forder Oeslgnated Fund
192,130
91,684
5,473
22,4081
197,603
69,276
283,814
{16,9351
266,879
Restricted funds
Theatre Renovation Grant
Headgate Youth Theatre
Sound and Llght Equlpment Fund
Art Council Grant
HBCT Lift Replacement Fund
30,209
1,819
15,624
8.675
(7,5531
22,656
1,819
14,046
6,506
15,750
11,5781
12,1691
15,750
56,327
4.450
60,777
TOTAL FUNDS
340,141
112,4851
327,656

THEATRE ARTS ACTION TRusr
NOTES TO THE FINANaAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
19.
MOVEMENT IN FLff4DS- continued
Comparative net movement in funds, Included in the above are as follows:
Incomlng
resources
Resources
expended
Movement
In fund5
Unrestrlcted lund5
General fund
David Forder Designated Fund
170,607
{165,1341
{22.4081
5,473
22,4081
170,607
(187,5421
<16,9351
Restrlrted funds
Theatre Renovation Grant
Rent Grant
Sound and Llght Equlpment Fund
Art Council Grant
H BCT Llft Replacement Fund
17,5531
lis,￿0}
11,5781
12,1691
15,250)
17,553}
15,OCK)
11,5781
12,169)
15,750
21,OLM)
36,OL￿1
131,5501
4,450
TOTAL FUNDS
206,607
219,0921
12,4851
Generdl Fund
The fund Is unrestricted and avallable for the general purposes of the Charlty. The fund
represents accumulated surpluses of the Charlty.
Davld Forder Fund
The fund Is unrestrlcted but has been designated by the Trustees for use for a particular purpose. belng now
determlned as furKls avallable to expense Improvement5 to the bar and common areas in the theatre bulldlng
12017} and to undertake leasehold Improvements following acquisition of a lease to the adjacent Warehouse
bulldlng120181. Durlng 2018 a grant was receNed from the Hervey Benham Charltable Trust to be applled
toward5 the cost of Improvements to the Warehouse- thls grant is shown as an addltlon to the Trust's
deslgnated funds. The amortisatlon of the impr￿ementS to the Warehouse buildlng Is wrltten olf agalnst thls
f und.
Theatre Renovatlon Grant
The fund Is restricted and represents grants recelved in 2001 and 2(Ki2 fof the renovation of the theatre are
belng written off over 25 years In line with the amortisatlon of expendlture on the lon8 leasehold.
Rent Grant
The fund is restrlcted and represents grants received from Colche5ter Borough Councll and Is equal to the rent
due on The Headgate Theatre lease.
Headgate Youth Theatre
The fund Is restrlcted and Is availalAe to promote arnateur theatre for youngsters.
Sound and Llght Equlpment Fund
The fund is restricted and represents donations received in 2020 and 2021 to purchase sound and lighting
equipment les5 accumulated depreciation to date.
-19-

THEATRE ARTS ACTION TRusr
NOTES TO ThE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
19.
MOVEMENT IN FUNDS- continued
Covld Adaptatlon Grdnts
The fund 15 restricted and was avallable to enable the theatre to make adaptatlon5 to become Covld safe.
Art Councll Culture Recovery Fund
The fund Is restricted and was avallable to enable the theatre to reopen safely followlng c105ure due to Covid
re5trlctions.
HB￿ Llft Replacement Fund
The fund 15 restricted and represents a grant re￿IVed of £21,000 from the Hervey Benahm Charltable Trust in
2022 to fund the replacement lift at the Headgate Theatre less accumulated depreclation to date.
20.
RELATED PARTY DISCLOSURES
There were no related party transactlons for the year ended 31 December 2023.
-20-

THEATRE ARTS ACTION TRUST
DETAILED sfATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
Total
fvnds
2022
Total
funds
Unrestricted
fund5
Restrlcted
funds
INCOME AND ENDOWMENTS
Donatlons and legacles
Donations
Grants
5ubscription5
4.218
1,515
15.000
5,733
15,000
36
3,523
38,667
36
4254
16,515
20,769
42,195
Othertradln8 aCt￿ltIeS
Headgate Theatre productlons
Workshops productlons
Actlvlty Income
35,982
2,905
16,264
35,98Z
2.905
16,264
33,960
4,291
15,722
55.151
55,151
53,973
Investment Income
Deposlt account Interest
1822
2,822
786
Charltable adlvltles
Booklng fees
Bar and Ice cream sale5
other income
Theatre hire charges
10.754
33,825
2.829
62.451
10,754
33,825
2,829
62,451
9,278
28,789
3,384
68,202
109,859
109,859
109,653
Total Incomln8 rewurtes
172.086
188,601
206,607
EXPENDITURE
Ralslng donatlons and le8acles
Advertising and publicity
Productlon and activlty Costs
6.079
21,473
6,079
21,473
6,839
21,044
27,552
27,552
27,883
Charltable actl¥ltles
Wages
Staff tralnlng
Penslons
Carried forward
39.065
39.065
35,220
12
611
35,843
627
39,692
627
39,692
This page does not form part of the statutoryfinanclal statements
-21-

THEATRE ARTS ACTION TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
Total
funds
2022
Total
funds
Unrestricted
funds
Restricted
funds
Charltable actlvltlos
Brought forward
Freelance admin support
Rent and service charges
Rates and water
Insuran
Llght and heat
Llcences
Cleanlng
Postage, statlonery and teleph
Sundrles
Bar and Ice cream purchases
Tlcket processing fees
Repalrs and malntenance
Subscrlptions and donatlons
Bank and credit card charges
Long leasehold
Flxtures and flttlngs
39,692
723
22.248
3,516
5,063
4.813
2,633
11,040
2,629
4,724
15,538
8,786
13,119
275
2,069
32,075
2.244
39,692
723
37,248
3,516
5.063
4,813
2,633
11,040
2,629
4,724
15,538
8,786
13,119
275
2,069
47,046
3,821
35,843
15,000
34,998
6,183
9,356
611
10, 102
3,051
13,950
7,327
10,731
426
1,996
47,046
3,821
14.971
1.577
171,187
31,548
202,735
190,491
Support costs
Governance costs
Accountancy fees
720
720
718
Total resources expended
199,459
31,548
231,007
219,092
Net (expendlturelllncome
(27,373)
(15,033)
(42,4061
112,4851
Thls pa8e does not form part of the statutoryfinanual statements
-22-