REGISTERED COMPANY NUMBER: 03737107 IEngland and Wales)
REGISTERED CHARITY NUMBER: 107.6399
THEATRE ARTS ACTION TRUST
{A COMPANY LIMITED BY GUARANTEE)
UNAUOITE D FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024

THEATRE ARTS AcfioN TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Page
Report of the Trustees
Independent Examlner's Report
Statement of Flnanclal ktlvltles
Balance Sheet
9 to 10
Notes to the Flnanclal Statements
11 to 21
Detalled Statement of Flnanclal Actlvltles
22 to 23

THEATRE ARTS ACTION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The tru5tee5 who are also directors for the charlty for the purposes of the Companies Act 2006, present their report with
the flnanclal statements of the charlty fix the year ended 31 December 2024. The trustees have adopted the provision5 of
Accounting and ReportlnB by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordance wlth the Financlal Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021
leffectlve l January 20191.
OBJEcfivES AND ACTIVITIES
Oblectlves and alms
The aims and objectives of the Company are. In summary:
l. to provSde and maSntaln publlc educatlon In drama and the performlng arts.
2. to provide a building for the Inhabitants of the Colchester area and its neighbourhood for thls purpose, for amateur
oiganisations.
3. to provide the opportunities for teachers of drama and performine arts to practise their actlvitles.
4. to advance educatlon by encouraglng the publlc, schools, people wlth an impairment, condltlon or illne55, and the
disadvantaged to take an active Interest In drama and arts.
5. to provlde facllltles for the advancement of health, cltlzenshlp, and communlty development and for lelsure-tlme
actSvlties accordlng to The Charitles Act 2011
6. to carry out other charitable actlvitles for the promotion of theatre and the arts In the Colchester area.
Slgnlflcant actl¥ltles
The Head8ate Theatre opened in March 2002. It is managed by a Board of Trustees whlch meets regularly to oversee the
admln15tTatlon of the Trust, to ensure that Its oblectlves are met and to ensure that funds recelved are applSed to Its
charltable purposes. The Board also satisfles Itself that systems are In place to secure compllance wlth all statutory
requlrements and to obtaln value for money. Day to day operatlon Is delegated to a Management Group and effective
links have been maintalned between the Board and the Group through the Headgate Manager lemployeel who attend&
and reports to each meeting of the 8oard.
Publlc benefSt
The Company's major purpose is to hlre the theatre and rehearsal facilities to performing arts groups in the area and
thereby to provlde facllitie5 for publlc beneflt. The addition of the Spaces In 2019, referred to In the report for that year,
provlded two broad opportunltles. It enables the expansion of facilitles available to Iheatre-related activlties, Includlng
performances and rehearsals, and it allows a certain amount of hirin8 to non-theatre organisatlons and groups to provlde
flnance to support the dellvery of the Headgate's obhectlves.
In response to ihe expanded facilitles and the loosening of Covld lockdown, in Aprll 2021 the Trustees appolnted a
Headgate Manager. Reportlng to the Chair of Trustees, the Manager is charged wlth managing and motlvating staff and
volunteers. working collaboratively with the volunfeer Management Group and Trustees to operate and develop the
Headgate as an effectlve community facility, still run by volunteer5. Development of the Management Group continue5,
flrming up pollcies and practice5 to ensure that the theatre contlnues to comply wlth the requislte legal obllgatlons,
The Trustees confirm that they have referred to the guidance contained in the Charlty Commission's general Euidance ori
publlc benefit when reviewing the Trust's objectives and activities.

THEATRE ARTS ACTION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED31 DECEMBER 2024
ACHIEVEMENT AND PERFORMANCE
CharltablÈ actlvltles
2024 a8aln saw the Headgate contlnulng to bulld on Its leRacy of succe55 and present a wide range of productions to
engage our audlences In all genre&
Indeed, during the reporting period our own Headgate Theatre Production5 together with the Headgate Young Company,
were actively enga8ed In:
7 Productions
3 Workshops - (Up Close & Personall Radlon Mlc FittingNamosl
l Major Presentatlon for Perfofmers and Tech Teams
I Pitch Session for the 2025 Programme
We welcomed two experienced dlrectors who were new to Headgate Theatre Productlons - Chrlssle Kettle, (Snake in the
Grassl and Shella FosteT (The Two Gentlemen of Veronal and two directors Sharon Carter and Toby Roberts, who were
worklnE lolntly on thelr flrst major theatre productlon IEquus). Together wlth our other dlrectors, Wade Ablltt. Andrew
Hodgson, Paul Davie5, and Sarah Young they dellvered a programme whlch was not only varled but of exceptlonal quality.,
both on stage and in the technlcal achievements.
79 dlfferent performers took part In our productSons over the year, wlth only 3 of them appearlng more than one
Headgate Theatre Production. 44 of those performers were either brand new to HTP or had not appeared at the Headgate
Theatre for some tlme. It was also gratifying to see one of new pantomime youngsters from December 2023 develop in
sl<ill sufficiently to take on one of the maln roles In Shakespeare's Two Gentlemen of Verona. We also saw some great
emerglng talent in the HYC productlon of A Monster Calls, both on off stage. Yet again our productlons secured several
sl8nlflcant awards at the annual North Essex Theatre Gulld..
Connor Pratchett was awarded Best Supporilng Actor for "a dynamic and subtly shaded, Robbie Fay In A MAN OF NO
IMPORTANCE."
Matt lewson won Best Actor for, "a very expresslve performan￿. wlth great comic tlmlng, as Gomez Addams In THE
ADDAMS FAMILY."
The Lyndon Award for Technlcal Achlevement was Jolntly awarded to IlghtSng and sound In three Headgate
produ¢lions.'. "the beautlful & atmospherlc deslgn/operation by Marlln Rayner In SNAKE IN THE GRASS & GHOSTS for.
Headgate Theatre Productions and the mystical atmospherlc lighting & sound desl8n/operation by the young team of
Danlel Farquharson, Amelle Charlton and PratiyU5h Prakkashkumar in A MONSTER CALLS for Headgate Young
Company
Shola Osiyemi won Best Young Actor for, the compellin& commanding, and resonant Monster Sn A MONSTER CALLS
A Best Actress award went to Laura HS11 for. 'showing a complex range of emotions in an intense performance of
restrained passlon, as Helene Alving in GHOSTS..
Durlng 2024 there were 58 public events whlch Included muslcals. drama and new wTlting and special interest events, The
overall attendance durlng th15 reportlng period was some 81%. Two of these events were fundralsers on behalf of.the
Headgate Theatre and we are delighted to thank both Phil Toms (classical pianist) and Emma Nash who were Four Hands"
and the Colchester Buskers.
We have agaln engaged with the local Schools to facilitate event5 for Year5 6 and 11 students. It Is both encouraglng and
rewardlng to see how these young people develop iheir confidence through embracing thelr performance skllls. We are
always overwhelmed at the commitment of the school staff and parent supporters who facilitate these actlvitles.

THEATRE ARTS ACTION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Similarly, a few local dance schoo15 elther hold perfor￿anceS or hollday workshops with us, helping to develop the talent '
for the future. Some of this talent can be seen in production5 from Thc Performlng Arts, who are an accredited stag8
academy and provide professlonal tralnlng and development for ages 18+.
The Head%ate was aEain the maln base for the Cokhester Fringe, which has grown enormously slnce it was flrst
established in 2021.
We are worklng to make full use of our studio and rehearsal spaces for perforMan￿S as well as accommodatlng actlvities
during the day. We Currently directly provide drama and theatre workshops for older people and host the Silver Swan5
ballet Class, as well as a few wellbeing classes. Adult drama skills are now belng developed through the successful launch
of Stagecraft@Headgate classes, whSlst young drama enthusiasts contlnue to enjoy Saturday mornlngs wlth IKATSI Klds
Amateur Theatre Skllls.
DurSng 2024, we launched our Studlo Sesslons-evenlnES in our studlo or the rehearsal room where small scale events can
be held - whether they be rehearsed readlngs. slmply staged plays, recitals or'scratch nlghts"
FINANCIAL REVIEW
Flnancial posltlon
The examlned accounts for the year ended 31st December 2024 record a reductlon In the funds of the Charlty of £21,483.
This deflclt arises alter charglng depreclatlon arnortlsatlon of £50.868. Cash holdlngs Increased over the year by
£33,432.
Headgate Theatre Productlons presented well-received performance5 during the year, whith along wlth other Headgate
admlnlstered acilvlties (Acr v. Headgate Young Company and workshops) contSnue to contrlbute signiflcantly to the
flnancial outcome In the year. Trustees and management continue to exerclse attentlon and control In all areas of spend.
Re5eYve5 poIIcy
Trustees are obllged to regularly revlew the Trust's reserves policy as part of Its obligation to the governance of the Trust,
It Is the opinlon of the Trustees that sufflclent reserves remaln avallable and uncijmmltted in order to meet an unexpected
expenditure leg replacement of plant or flxtures) or to enable the theatre to remaln operational for a mlnlmum period of
two years in the event of busines5 Interruption whilst actions are taken to moderate costs In Ilne wlth a reduced level of
Income.
FUTURE PLANS
During August 2024, the trustees appointed a small trustee working group consisting of George Branagh, Pat Gaudin and.
Sallle Mills Lewis to develop a workplan together with a workshop. Resultant frorn the same it was subsequently agreed by
the Trustees in December 2024 that we would send out an open Invitatlon to Headgate volunteers, frlends, hlrers.
performers, Dlre¢tors and producers, audlence attendees. technicians. staff and creative Colchester enthuslasts to join
with us at a 'Now and Next, workshop to be held in January 2025.
This proposed workshop will aim to disCUS5'.
What do we offer our community in the neKt ten years?
What are your hopes7
How do we make it happen?

THEATRE ARTS ACTION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The trustee5 look forward to an enlightening, strategic and creative workshop which will provide a dynamic all-incluslve
springboard taklng the Headgate forward to 2030 and beyond.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
As a company Llmited by Guarantee, Incorporated on 19 March 1999 and reg15tered wlth the Charlty Commisslon on 6 July
1999, the governlng document Is the Memorandum and Articles of Assoclatlon, under whlch the dlrectors act as Charity
Trustees.
Organlsatlonal structure
The current organlsètlonal structure was duri￿ July 2024 Increased by two thereby we now have ten dlrectors, four of
whom have honorary roles, Chair. 2 x Vlce Chairs and Treasurer.
The powers of dlrectors are..
To appolnt a Chair from among thelr number
If deslred to appoint vlce chalrlsl
To delegate any of thelr functlons to groups of two or more Indlvlduals, at least one of whom must be a trustee or a
member of the management group,
To make standlng orders and rules conslstent wlth the Memorandum and Artlcles of Assoclatlon
Resultin8 from annual rotatlon four of our trustees stood down and dld not seek re-electlon. We would therefore Ilke to
thank, Jane Blackburn, Tony Sharp, Jlll Knight, and Ben Willi5, for all thelr help and support durlng their trusteeship.
In consequence and in antlclpation of these reslgnations, in June 2024 the trustees held an Informal meeting to discus5,
interview, and select a few potentlal trustees. It is encouraging to report that desplte Increasing our number of trustees
from eight to ten, the number of applicants exceeded the number of vacancies. Having prevlously agreed the trustee.
skills/lnterest requirements the following new trustees were appolnted to the Theatre Arts Action Trust,

THEATRE ARTS AcfioN TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDEO 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEME NT
Sarah Baxter - expertlse In diversity and incluslon. data insights and financial reportlng. Sarah has performed on.the
Head8ate stage, is a member of Stagecraft for adult actors. and has also had a short play she wrote staged at
Headgate.
George Branagh - Spent 30+ years In pollclng as a Senlor Detectlve Officer, has a wlde spectrum of experience, In
leadership, strateglc gold commander and negotlating skills. He is a graduate from Bramshlll Pollce Staff College and
the Defence Academy Advanced Command and Staff Course.
Alison Gaukroger - has been a Drama and Performing Arts teacher for 33 years. She has been at the Sixth Form
College, Colchester for 30 year5 and is currently Head of Performlng Art&
Glll Green - has an academic and health research back8round as a Inow almost-retiredl Professor at the School of
Health and Soclal Care at the University of Essex. She has experience of academic and research leadership as Head of
the School and as Olrector of the National Institute of Health Researth, Research Design Servlce for the East of
England.
Robert Macaulay - tralned and quallfied as a licensed conveyancer. He practised as a conveyancèr, Increaslngly as
commerclal conveyancer, for over 20 year5. He retlred from belng a property lawyer In 2022,
Sallie Mills Lewls - has over 20 years of senlor management and leadership in the publlc sector, actln8 as Deputy chlef
Executive of NHS North Essex before runnln8 her own consultancy for clients In the NHS, local goverrsment, and
voluntary Sector. Sallle Is passionate about the local theatre scene. Her main Interests are nurturlng emerBing theatre
talent, encouraging drama Innovation. and inspiring future generatlons of theatre lovers.
In addltlon to the foregoing, and following the reslgnation of Ellzabeth Holford our Company Secretary, we are dellghted
to report that in June 2024 Marcus Almond took over as the Company Secretary. Marcus has enjoyed volunteerlng
backstage for the Colchester Operatic Soclety on several of thelr recent productlon5 and at the Headgate was luckv
enough to be an ASM on the wondeTful Vanya and Sonia and Masha and Splke productlon In 2023, as well as the brllliant
Panlomime in the same year,
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Company number
03737107 IEngland and Wales)
Re8lslered Charlty number
1076399
Registered offlce
Headgate Theatre
14 Chapel St North
Colchester
Essex
C02 7AT

THEATRE ARTS ACTION TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
M5 J M Blackburn Iresl6ned 1517124}
M5 P A Gaudln
T M Kerr ITreasurerl
C A Sharp (resigned 18111241
MsKDKing
Ms J L Knlght (resigned 16111241
M W PoDle
B I Wi115 (resigned 6/SI241
R Macaulay (appointed 22111241
G Branagh Ichair) lappointed 15171241
Mrs S Mllls-lewis lappoSnted 15171241
Mr5 A G¢Jukroer lappolnted 15171241
Mr5 G Green lappolnted 15171241
Mrs S 8axter lappolnted 15171241
Company Secretary
Dr E C Holford (resigned 20161241
M Almond {appolnted 15171241
Independent Examlner
Slmon Welllng
TC Group
A¢countants
Town Wall House
Balkerne Hill
Colchester
Essex
C03 3AD
Sollcltors
Thompson Smlth & Puxon
Stable 6 Stable Road
Colchester
Essex
C02 7GL
Bankers
HSBC
26 High Street
Colchester
Essex
COI IDQ
23
Approved by order of the board of trustees on ................-...-........-.......... .
and signed on Its behalf by.,
GBra
Trustee

INDEPENDENTEXAMINER'S REPORTTO THETRUSTEES OF
THEATRE ARTS ACTION TRUST
Independent examlner's report to the tru5tee5 01 Theatre Arts ktlon Trust ('the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
Re5ponslbllltles and basls of report
As the charlty's trustees of the Company land also its dlrectors for the purposes of company lawl you are responslble for
the preparation of the accounts in accordance with the requlrements of the Companies Act 20061'the 2006 Act'l.
Having satlsfied myself that the accounts of the Company are not requlred to be audited under Part 16 of the 2006 Act
and are ellelble for Independent examination, I report in respect of my examlnatlon of your charlty's accounts as carried
out under Seetlon 145 of the Charlties Act 2011 I'the 2011 Act'l. In carrying out my examination I have followed the
Directions given by the Charlty Commission under Section 145{$1 Ibl of the 2011 Act.
Independent examlner's statement
I have completed my examlnation. I conflrm that no matters have come to my attention In connectlon wlth the
examlnatlon glvlng me cause to belSeve:
accounting records were not kept In respect of the Company as required by Section 386 of the 2006 Act,, or
the accounts do not a￿Ord wlth th05e records,. or
the accounts do not comply with the accounting requlrements of Section 396 of the 2006 Act other than any
requlrement that the accounts give a true and falr vlew whlch is not a matter consSdered as part of an
IndeperFdent examlnatlon,. or
the accounts have not been prepared in accordance wlth the methods and principles of the Statement of
Recommended Practlce for accounllng and reporting by charitles lappllcable to charStles preparing thelr accounts
in accordance wlth the Flnancial Reporting Standard appllcable In the UK and Republic of Ireland IFRS 10211.
I have no concerns and have tome across no other matters In connectlon with the examlnatlon to whlch attentlon should
be drawn In this report in order to enable a proper understandlng of the accounts to be reached.
Slmon Welllng
The AssoclatSon of Chartered Certified Accountants
TC Group
Accountants
Town Wall House
Balkerne Hlll
Colchester
Essex
C03 3AD
Date,.

THEATRE ARTS ACTION TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDÉD 31 DECEMBER 2024
2024
Total
funds
2023
Total
futfjds
Unrestricted
funds
Restricted
funds
Note5
INCOME AND ENDOWMENTS FROM
Donatlons and legacies
3,319
15,000
18,319
20,769
ChafStable actlvltles
Headgate Theatre
IIS,479
135,479
109,859
Oiher tradlng actlvitles
Investment income
52.122
5,897
5Z,122
5,897
55,151
2,822
Total
196,817
15,000
211,817
188,601
EXPENDITURE ON
Raislng fund5
24.913
24,913
27,552
Charltable actlvltles
Headgate Theatre
176,839
31,548
208,387
203,455
Total
201,752
31,548
233,300
231,007
NET INCOMEIIEXPENDITURE)
14,9351
116,5481
121,483)
142,4061
RECONCILIATION OF FUNDS
Total funds brought forward
239,506
45,744
285,250
327,656
TOTAL FUNDS CARRIED FORWARD
234,571
29,196
263,767
285,250
CONTINUING OPERATIONS
All Income and expendlture has arisen from continuing operations.
The notes form part of these financial 5tatement5

THEATRE ARTS ACTION TRUST
BALANCE SHEET
31 DECEMBER 2024
2024
Total
funds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
FIXED ASSETS
Tanglble assets
14
34,319
16,548
50,867
101,735
CURRENT ASSETS
Stocks
Debtors
Cash at bank and In hand
15
16
1,520
7,454
205,052
1,520
7,454
217,700
1,404
8,228
184,268
12,648
214,026
12,648
226,674
193,900
CREDITORS
Amounts falling due wlthln one year
17
113,774)
113,7741
110,3851
NET CURRENT ASSETS
200,252
12,648
212,900
183,51S
TOTAI ASSETS LESS CURRENT LIA81LITIES
Z34,571
29,196
263,767
285,250
NET ASSETS
234,571
29,196
263,767
285,250
FUNDS
Unrestrlcted funds
Restricted funds
19
234,571
29,196
239,506
45,744
TOTAL FUNDS
263,767
285,250
The notes form part of these fironcial statements

THEATRE ARTS AcfioN TRUST
BALANCE SHEET- contlhued
31 DECEMBER 2024
The charltable company is entltled to exemption from audlt under Sectlon 477 of the Companles Act 2006 for the year
ended 31 December 2024.
The members have not required the company to obtain an audlt of Its financial statements for the year ended
31 December 2024 In accordance with Section 476 of the Companles Act 2Crf)6,
The trustees acknowledge thelr responslbilltles for
lal
ensuring that the charitable company keeps accounting record5 that comply with Sectlons 386 and 387 of the
Companles Act 2006 and
preparSng financial statements which give a true and fair view of the state of affairs of the charltable company as
at the end of each flnanclal year and of its SUr￿U5 or deficlt for each flnanclal year In accordance wlth the
requlrements of Sections 394 and 395 and whlch otherwise comply wlth the requlrements of the Companles Act
2006 relating to financlal statements, so far as applicable to the charitable company.
Ibl
These flnanclal statements have been prepared In accordance wlth the prowsions applicable to charltable companles
sublect to the small companles regime,
The flnancSal statements were approved by the Board of Trustees and authorlsed for155ue on
and were sSgned on its behalf by:
22
ranagh- Trustee
TMKerr-Tru
tee
The notes form part of these financial statements
-iO-

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDEO 31 DECEMBER 2024
GENERAL INFORMATION
The charlty Is a publlc benefit entlty and a private company limited by guarantee, reglstered In England and Wale5
and a registered charity in England and Wales. The maximum liability of each member in the event of the companv
being dissolved is £1.
The address of the reglstered office is The Headgate Theatre, 14 chapel Street North, Colche5ter, E55ex C02 7AT.'
The financSal statements are prepared In Pound Sterling 1£). whlch Is the functional currency of the entity, rounded
to the nearest Pound.
ACCOUNTING POIICIES
Basts of preparlng the flnanclal statements
The flnancial statements of the charitable company, whlch Is a public benefit entlty under FRS 102, have been
prepared in accordance wlth the Chèritle5 50RP IFRS 1021 'Accountlng and Reporting by Charities.. Statement. of
Recommended Practice appllcable to charitles preparing their accounts In accordance wlth the Financial Reportlng
Standard appllcable In the UK and Republlc of Ireland IFRS 1021 leffectlve l January 20191,, Financlal Reportlng
standard 102 'The Flnanclal Reporting Standard appllcable In the UK and Republlc of Ireland, and the Companles
Act 2006. The flnanclal statemenls have been prepared under the hlstorlcal cost convention.
Fund Accountlng
Ursrèstricted funds can be used In accordance with the charitable objectives at the discretion of the trustees,
Deslgnated funds are unrestrlcted funds of the charity which the trustees have declded at thelr dlscretlon to Set
side to use for a speciflc purpose. Restrlcted funds Can only be used for partlcular restrlcted purposes wlthin the
object5 of the charlty, Restrictions arlse when speclfied by the donor or when funds are ralsed for particular
restricted purposes. Further explanation of the nature and purpose of each fund Is Included In the notes to the
flnancial statements.
In¢ome
All income Is recognlsed in the Statement of Financi31 Activitles once the charity has entltlemerst to the funds, it Is
probable that the income will be received and the amount be measured reliably.
Income from government and other grants. whether 'capltal' grants or 'revenue' grants, is recognlsed when the
Charlty has entitlement to the funds, any performance Conditions attached to the grant5 have been 'met, It Is
probable that the income will be recelved and the amount can be measured reliably and is not deferred,
For legacles, entiilement Is taken as the earlier of the date on whlch elther: the charityls aware that probate hos
been granted, the estate has been fSna115ed and notification has been made by the executor{sl to the Charity that
distribution wlll be made, or when a distribution is received from the estate.
Donations and other voluntary Income are reflected in the accounts for the period in which they are recelved.
Donations In kSnd are recognised by the Charity when re￿iVed except in the case of servlces provlded free or
undervalue by voluntary staff or others which are not reflecled in the actounts.
Ticket sales are not Included where the Charity is acting as agent for the user group.
Donated goods are included at the value to the Charity where thls can clearly and easily be quantified. The value
of setvice5 provlded by volunteers has not been Included In these financial statements.
-li-

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIAL STATEMENTS . contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES - continued
Income
Investment Income is included when receivable and comprises bank Interest,
Expenditure
Expendlture Is recognised on an accruals basi5 as llo￿lItIeS are Incurred. Expendlture InclLtdes non-recoverHble
VAT and is reported a5 part of the expenditure to whlch It relates.
Costs of ralslng funds comprlse the costs associated with attractlng voluntary In¢ome and fundralslng actlvitles.
ExpenditUTe on charltable actlvitles comprlses those costs Incurred by the Charlty in the dellvery of Its actlvltles
and servlces for Its benefSclarSes.
Governance costs are included as support costs and allocated to the actlvitles to whlch they relate.
Tanglble flxed assels
Flxed assets are stated at cost, less accumulated depreclation,
The costs of addltlons less than £1,000 are not
capltallsed. Depreclatlon15 provlded at rates calculated to wrlte off the cost of each asset over Its expected life,
as follows..
Leasehold property Improvements- straight line over the life of the lease
Fixtures. fittlngs and equipment- 20% strai8ht Ilne
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete apd slow
movlng items.
Debtors
Debtors are reco8nlsed at the settlement amount due. Prepayments are valued at the net amount prepald net of,
any trade dlscounts due.
Cash at Bank and In Hand
Cash at bank and cash In hand includes cash, bartrk and short-temi Investments.
Credltors
Creditors and provisions are recognlsed where the Charity has è present obligation resulting from a past event that
will probably result in a transfer of funds to a third party and the amount due to settle the obllgatlon can be
measured or estimated rellably. Credltors and provisions are normally recogn15ed at thelr settlement amount after
allowing for any trade di￿ountS due.
Taxatlon
The charity is exempt from corporatlon tax on its charitable activities.
Hlre purchase and loaslng commltments
Rentals p31d under operating leases are charged to the Statement of Financial Actlvitles on a stralght,Ilne basis
over the period of the lease.
-12-

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlhued
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES- contlnued
Penslon costs and other post-retlrement benefits
The charitable company operates a defined contrlbutlon pension scheme. Contrlbutlons payable to the
charitable company'5 pension scheme are charged to the Ststement of Financial Activilies in the period to whlch
they relate,
Golng concem
The accounts are prepared on a going concern basis as there are no material uncertalntles about the Charity,?
ability to continue.
DONATIONS AND LEGACIES
2024
2023
Donations
Grants
Subscrlptlons
3,284
15,000
35
15,000
36
18,319
20,769
Grants recelved, Included in the above. ale a5 follow5:
2024
2023
Colchester City Councll Rent Grant
15,000
' 15,000 ,
OTHER TRADING ACTIVITIES
2024
2023
Headgate Theatre productions
Workshops productions
Activity Income
33,864
350
17,908
, 35,982
2,905
16,264
52,122
55,151
-13-

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
INVESTMENTINCOME
2024
2023
Deposit account interest
5,897
2,822
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Headgate Theatre
Booking fees
Bar and ice cream sales
Other Income
Theatre hire charges
9,139
37,165
3,495
8S,680
10,754
33,825
2,829
62,451
135,479
109,859
CHARITABLE ACTIVITIES COSTS
Dlrect
Costs Isee
note 8)
Support
costslsee
note 91
Totals
Head8ate Theatre
207,177
1,210
208,387
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Staff costs
Freelance admln support
Rent and servlce charges
Rates and water
Insurance
Light and heat
LScence5
Cleaning
Postage, statlonery and telephone
Sundrles
Bar and Ice cream purchases
Ticket processing fees
Repalrs and maintenance
Ssjbscriptions and donalions
Bank and credit card charges
Depreciation
41,957
' 39,69l
723
37,248
3,516
5,063
38,669
2,195
5,508
8,668
2,089
10,079
2,607
3,560
16,029
8,234
14.429
277
2,008
50,868
2,633
11,040
2,629
4,724
15,538
8,786
13, lig
275
2,069
50,867
207,177
202.735
-14-

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
SUPPORT COSTS
Governance
costs .
Headgate Theatre
1,210
Support cost5, included In the above, are as follows:
2024
Headgate
Theatre
20>3
Headgate
'Theatre
Independent examlnatlon fees
Accountancy fees
300
910
270
450
1,210
720
io.
NET INCOMEIIEXPENDITUREI
Net incomellexpenditurel Is stated after chargingllcreditingl,.
2024
2023
Depreciation- owned assets
Hire of plant and machinery
Other operating leases
50,868
50,867
723
37,248
38,669
ii.
TRUSTEES, REMUNERATION AND BENEFITS
The trustees are deemed to be tl* key management personnel of the charlty. There were no trustees,
remuneratlon or other benefits for the year e￿Ied 31 December 2024 or for the year ended 31 December 2023.
Trustees. expenses
There were no trustees, expenses pald for the year ended 31 December2024 nor for the year'ended
31 December 2023,
-15-

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
12.
STAFF COSTS
2024
2023,
Wa8es and salarles
Other pension costs
41,280
677
39,065
627
41,957
39,692
The average monthly number of employee5 durlng the year was as follows:
2024
2023
AdmlnSstratlve staff
No employee5 recelved emolument5 In excess of £60.Oc￿.
13,
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestrlcted
funds
Restrlcted
fund5
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacie5
4,254
16,SlS
20,769
Charltable acilvltles
Headgate Theatre
109,859
109,859
Other tradin8 actlvltles
I nvestment Income
55,151
2,822
2,822
Total
172,086
16,515
188,601
EXPENDITURE ON
Raising funds
27,552
27,552 .
CharSt3ble actSvltles
Headgate Theatre
171,907
31,548
203,455
Total
199.459
31,548
231,007
NET INCOME/{EXPENDITURE>
127,3731
115,0331
142,4061
RECONCILIATION OF FUNDS
Total funds brought forward
266,879
60,777
327,656
TOTAL FUNDS CARRIED FORWARD
239,506
45,744
285,250
-16-

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
14.
TANGIBLE FIXED ASSETS
Leasehold
property
improvement
Flxture5
and
rittings
Tot.als.
COST
At l January 2024 and 31 Oecember 2024
448,527
104,519
553,046
DEPRECIATION
At l January 2024
Charge for year
354,436
47,046
96,875
3,822
451,311 ,
50,868
At 31 December 2024
401,482
100,697
502,179
NET BOOK VALUE
At 31 December 2024
47,045
3,822
50,867
At 31 December 2023
94,091
7,644
101,735
15.
STOCKS
2024
2023
Bar and ite Cream stocks
1,520
1.404
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtor5
Prepayments and accrued income
3,294
4,160
3,755
4,473
7,454
8,228
-17-

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIAI STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
17.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade credltors
Accruals and deferred Income
1,413
12,361
580
9,805
13,774
10.385
18.
LEASING AGREEMENTS
Mlnlmum Sease payments under non-cancellable operatlng leases fall due as follows:
2024
2023
Wlthln one year
Between one and flve years
30,500
15,000
33,000
45,500
45,500
78,500
The Headgate Theatre114 Chapel Street) lease expires in October 2025. Funds to meet thls conlmltment are
provided by Colchester City Council through a grant each year.
The lease agreement related to The Warehouse112 Chapel Street) expires In October 2026.
19.
MOVEMENT IN FUNDS
Net
movement
In funds
At
31,12.24
At 1.1.24
Unrestrlcted funds
General fund
David Forder Oesignated Fund
193,322
46,184
18,157 .
123,092)
211,479
23,092
239,506
14,9351
234,571
Re5trlcted funds
Theatre Renovation Grant
Headgate Youth Theatre
Sound and Llght Equlpment Fund
Art Council Grant
HBCT Lift Replacement Fund
15,104
3,334
12,469
4,337
10,5(Ml
17,5521
7,552
3,334
10,892
2,168
5,250
11,5771
12,1691
15,2501
45,744
16,5481
29,196
TOTAL FUNDS
285,250
121,4831
263,767
-18-

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIAL STATEMENT5- conthiued
FOR THE YEAR ENDED 31 DECEMBER 2024
19.
MOVEMENT114 FUNDS- continued
Net movement In funds, Included In the above are as follows,.
Incomirvd
resources
Resources
expended
Movement
In funds
Unrestr5cted funds
General fund
David Forder Oeslgnated Fund
196,817
1178,660)
123,0921
18,157 '
123,0921 .
196,817
{201,7521
14,9351
Restrlcted funds
Theatre Renovation Grant
Rent Grant
sound and Light EquSpment Fund
Art Council Grant
HBCT Lift Replacement Fund
17,5521
115,0001
11,5771
12,169)
15,2501
17,5521
15,000
11,5771
12,1691.
15,Z501
15,OtXI
131,5481
116,5481
TOTAL FUNDS
211,817
233,3001
121,4831.
Comparatlves for movement In funds
Net
movement
In funds
At,
1 31.12,23
At 1.1.23
Unwestrlcted funds
Geneial fund
David Forder Designated Fund
197,603
69,276
14,2811
23,0921
193,322
266,879
{27,373}
23Y,506
Restrlcted funds
Theatre Renovation Grant
Headgate Youth Theatre
Sound and Llght Equlpment Fund
Art Countll Grant
HBCT Lift Replacement Fund
22,656
1,819
14,046
6,506
15,750
17,5521
1,515
11,5771
12.1691
15,2501
15,104
3,334.
12,469 .
4,337
10,500
60,777
115,0331
45,744
TOTAL FUNDS
327,656
142,4061
285,250
-19-

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 DECEMBER 2024
19.
MOVEMENT IN FUNDS- contlnued
Comparatlve net movement In fund5. Included In the above are as follow5..
Incoming
resources
ReSoUr￿S
expended
Movenient
In funds
Unrestricted funds
General fund
Davld Forder Desl8nated Fund
172,086
1176,3671
23,0921
14,2811.
123,0921
172,086
1199,4591
127,3731
Restrlcted funds
Theatre Renovatlon Grant
Rent Grant
Headgate Youth Theatre
Sound and Llght Equipment Fund
Art Council Grant
HBcf Lift Replacement Fund
17,5521
115,OCQI
17,g521
15,0
1,515
1,515
11,5771
{2,1691
5,2501
11,5771
12,1691
15,2501
16.515
131,5481
115,0331,.
TOTAL FUNDS
188,601
1231,(KJ71
142,4061
General Fund
The fund Is unrestrlcted and avallable for the general purposes of the Charlty. The fund
represents accumulated surpluses of the Charity.
Davld Forder Fund
The fund is unrestricted but has been deslgnated by the Trustees for use for a partlcular purpose, belng. now
determlned as funds available to expense improvements to the bar and common areas in the theatre bulldln8.
120171 and to undertake leasehold improvements following acquisition of a lease to the adjacent Warehouse
bullding120181. Durlng 2018 a grant was received trom the Hervey Benham Charitable Trust to be applled towards
the cost of improvements to the Warehouse: Ihls grant is slK)wn as an addition to the Trust's designated fund5.
The amortlsation of the improvements to the Warehouse buildlng Is written off against this fund,
Theatre Renovallon GTant
The fund is restricted and represent5 grants received In 2001 and 2002 for the renovatlon of the theatre are being
written off over 25 years In Ilne wlth the amortlsatlon of expendlture on the long leasehold.
Rent Grant
The fund Is restrlcted and represents 8rants received from ColchesteT City Council and Is equal to thè rent due on
The Headgate Theatre lease.
-21

THEATRE ARTS ACTION TRUST
NOTES TO THE FINANCIALSTATEMENTS-contknued
FOR THE YEAR ENDED 31 DECEMBER 2024
19.
MOVEMENT IN FUNDS-contlnued
Headgate Youth Theatre
The fund Is restrlcted andls avallatrAe to promote amateur theatre for youngsters.
Souhd and Ll8ht Equlpment Fund
The fund Is restrlcted and represents donations recelved in 2020 and 2021 to purchase sound and Ilghting
equlpment less accumulated depreclation to date.
Covld Adaptatlon Grants
The fund Is restricted and was available to enable the theatre to make adaptations to become Covid safe.
Art Councll Culture Recovery Fund
The fund Is restricted and wa5 avollable to enable the theatre to reopen safely followlng closure due to Covid
restrictions.
HBcf Lift Replacement Fund
The fund Is restrlcted and represents a grant recelved of £21,OIXI from the Hervey Benham Charltable Trust lil
2022 to fund the replacement lift at the HeadEate Theatre le55 accumulated deP￿CIatIon to date.
20.
RELATED PARTY DISCLOSURES
There were no related party transattlons for the year ended 31 December 2024.
-21-

THEATRE ARTS ACTION TRUST
DETAIIED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Total
funds
2023
Total
fund5
Unrestrlcted
funds
Restricted
funds
INCOME AND ENDOWMENTS
Donatlons and le8acle5
Donations
Grants
Subscrlptions
3,284
3,284
15,000
35
5,73
15,000
36
15,IXIO
35
3,319
15,000
18,319
' 20,769
Other tradlng actlvltles
Headgate Theatre productlons
Workshops productlons
Activity income
33,864
350
17,908
33,864
350
17,908
35,982
2,905
16,264
52,122
52,122
55,151
Investment Income
Deposlt account Interest
5,897
5,897
2,823
Charltable a¢tlvllles
Booking fees
Bar and Ice cream sales
Other income
Theatre hlre charges
9.139
37,165
3,495
85,680
9,139
37,165
3,495
85,680
10,754
33,825
2,829.
62,451
135,479
135,479
109.859
Total Incomlng resources
196,817
15,000
211,817
188,601
EXPENDITURE
Ralsin8 donatlons and legacle5
Advertlslng and publlclty
Productlon and actlvlty costs
5,777
19,136
5,777
19,136
6,079
24,913
24,911 '
27.552
Chayitable actlvltles
Wages
Carrled forward
41,280
41,280
41,280
41,280
39,065
39,065
-22-

THEATRE ARTS ACTION TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
Total
funds
2023
Total
funds
Unre5trlcted
funds
Restricted
fund5
CharltablÉ actfvltles
Brought forward
Penslons
Freelance admln support
Rent and service charges
Rates and water
Insurance
Light and heat
Licences
Cleanlng
P05tage, statlonery and teleph
Sundries
Bar and Ice cream purchases
Ticket processin8 fees
Repairs and malntenance
Subscrlptlons and donations
Bank and credlt card charges
Long leasehold
Fixtures and fittings
41,280
677
41,2BO
677
39,065
723
37,248
3,516
5,063
.4,813
2,633
I j,04D
2,629
4,724
IS,538..
8,786
. 13,119
275
2,069
47,046
3,821
23,669
2,195
5,508
8,668
2,089
10,079
2,607
3,560
16,029
8,234
14,429
277
2,008
32,075
2,245
15,000
38,669
2,195
5,508
8,668
2,089
10,079
2,607
3,560
16,029
8,234
14,429
277
2,008
47,046
3,822
14,971
1,577
175,629
31,548
207,177
202,735
Support costs
Governance costs
Independent examlnatlon fees
Accountancy fees
300
910
300
910
270
450
1,210
1,210
720,
Total resources expended
201,752
31,548
233,300
231,007
Net {expendlturel/lncome
14.9351
116,5481
121,483)
142,4061
This page does not form part of the statutory financial statements
-23-