Registered number.. 03983323
Charity number.. 1081752
ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of Ihe Company, its Trustees and Advisers
Trustees, Report
Independent Exarniner's Report
Statement of Financial Aclivities
Balance Sheet
9-10
Notes to the Financial Statements

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
Trustee5
W Ellis (resigned 22 August 2024)
S Hood
R Pickering
S Scotl, Chair
P Wylie Iresigned 22 August 2024)
Company regislered
number
03983323
Charity registered number 1081752
Registered office
St George's Theatre
King Street
Great Yarmouth
Norlolk
NR30 2PG
Company secretary
J A Goffin
Accountants
BW Audit Limiled
Chartered Accountants
Berry & Warren
54 Thorpe Road
Norwich
NR1 IRY
Solicilors
Hansells
Cambridge House
26 Tombland
Norwich
Norfolk
NR3 IRE
Page I

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report togelher with the financial statements of the company for the year I
April 2023 10 31 March 2024. The Annual Report serves the purposes of both a Trustees, report and a directors,
report under company law. The Trustees confirm that the Annual Report and financial statements of the
charitable company comply with the current statutory requirements, the requirements of the charitable
company's governing document and the provisions of the Statement of Recommended Practice ISORP)
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland (FRS102) (effective l January 2019).
Since the company qualifies as small under section 382 of the Companies Acl 2006, the Strategic Report
required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors,
Reporl) Regulations 2013 has been omitted.
Objectives and aclivilies
a, Objectives and activities
The Trust's principal objectives are to advance public education in the arts and to improve and develop public
taste, appreciation and understanding of the arts in Great Yarmouth and the surrounding district. The charity
will fulf il its objectives by:
a) Managing and operaling St George's Theatre, the cafe / bar and the adjacent amenity and performance
areas to provide a balanced and broad range of cultural activitie5 on the premises including theatre,
cinema, performing ar15, arts centre. community use. civic purposes, training, and olher events (including
craft fairs, antique fairs, Irade fairs. banqueting and functions);
b) Operating the cafe / bar for the benefit of the public generally and more specifically for those visiling the
Ihealre-
c) Generating income to maintain lin conjunction with its landlord Great Yarmouth Borough Council) the fabric
of Sl George's Theatre and the cafe / bar for the long term benefit of the local community.
The Trust will..
Ensure that its income is used only for the purposes set oul above.
Only carry out activities at other locations which are ancillary or incidenlal to (a) and (bl above.
b. Public Benefit
The Trustee5 confirm thal they have paid due regard to the Charity Commission guidance on public benefit in
deciding whal activitie5 Ihe Trust will underlake. It is considered thal the Trusl will provide public benefit
through..
a) Allowing member5 of the public access, without charge. lo the theatre so a5 to view its historic and
architectural features for a minimum of100 hours in each calendar year-
b) Allowing members ol the public access without charge to the cafe / bar and amenity areas lor the purpose
of rest and recrealion;
c) The provision ol a range of cultural experiences for the community;
d) The provision of educational opportunities to open a route for all ages in to the arts.
Page 2

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance
a. Review of activities
There were 166 events during the year, all attracting good audiences. Highlighls included: Alan Aykbourn's
comedy 'Season's Greetings, produced in association with Sheringham Little Thealre,, The Jungle Book, a 70-
minute adaptation of the Disney film, performed by the St. George's Musical Theatre Group and Carol Churchill's
play'Fen' performed by the Adult Drama Group.
Captain Calamity's shows for children were as popular as ever. St George's Theatre again worked alongside
Norfolk Music Hub and Sheringham Little Theatre to produce the pantomime Robin Hood, which was performed
by six professional actors and 34 local schoolchildren. The show was very well received and was streamed to
approximately 250,000 pupils in schools across the county.
We also produced our own adult Pantomime in January. which sold out three performances.
Live music. variely events and touring theatre produclions were staged throughout the year. Shows by musical
tribute acts proved particularly popular, attracting good sized audiences and increasing the theatre's bar
takings.
We are continuing our programmes of working with young people, adult groups and community organisalions lo
ensure that the theatre remains as inclusive and accessible as possible. The regular hirers of the Iheatre and
cafe include: Leading Lives
FABBA sessions for adulls with learning disabilitles, Chill Spot sessions by
Mancroll Advice Project {MAP) and the Youth Advisory Board (YAB), Menscraft , Opening Doors, Golden Threads
for recently widowed people, Broadway Bella'5 Dance School and Access Community Trust holiday club.
Our grants this year included.. Norlolk Counly Council (NCC) Know Your Neighbour £53,916, Norwich Freemen's
Charlty £10.550, Norfolk Community Foundation (NCF) £4.916 and £2,989.00, and Voluntary Norfolk E500. We
also received our annual support grant of £25,000 from Great Yarmoulh Borough Council and 24,998 from
Norfolk County Council.
Financial review
a. Review of results
The financial results are shown in the Stalemenl of Financial Activities on page 8. A net loss was generated in
the year amounting lo £55,306 (2023: E3D,017) after receipt of a management fee of £25,000 (2023: £25,000)
from Great Yarmouth Borough Council.
The charity'5 subsidiary, St George's Trading Limited. generated turnover of £66,728 {2023.' £53,316) and
recorded a profit for the year of £40,692 (2023- E15.579). As al 315t March 2024 the company had net assets of
£42,060 (2023: £1,368). The results of St George's Trading Limited have nL¥t been con501idated into the Trusl's
accounls as the group is exempt from producing group accounls.
The current year has been impacted by the financial effecl of building up produclions in the thealre following Ihe
Covid lockdowns and restrictions.
Page 3

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
b. Going concern
The Trustees have considered the charilvs position at the lime of signing the financial statements. As a
community theatre that operates all year round to provide a wide variety of reasonably priced entertainment for
local people
including some pay-what-you-can evenls for hard-pressed families the theatre cannot rely on
ticket sales alone for ils long term viability and will continue lo seek grant support from local aulhorities and
charitable bodies. The management's success in achieving this support in recent years gives Trustees the
onfidence lo believe that there will be sufficient funds to operate the theatre during 2024-25 and continue to
provide local people wilh a varied programme of enlertainment.
Reserves policy
As at 31 March 2024, the Trust had unreslricted free reserves, being unreslricted reserves less fixed assets, of
a deficit of E28,63812023: positive £45,166). Posl year end, the trading subsTdiary made a donation of its profit
for the year ended 31 March 2024. This distribution returns the charity to positive unreslricled funds, The
distribution has not been accrued for as stipulated by the Companies Act.
The Trust held E18,819 (2023: ÉNil) in restricted funds. The Trust has total deficil reserve5 of £9,366 12023:
positive £45,940). Truslees recognise the need to build up and retain reserves to provide for unexpected
expendilure, for replacement Df equipment and to have funds available in case of an unforeseen downturn in
income. The Trust reviews its reserves policy annually. This review encompasses the nature of the income and
expenditure streams, the need to match variable income with fixed commitments and Ihe nature of the
reserves. The Trustees aim to build up free reserves lo £70,000.
d. Plans for future period
The Trust has benefited from funding awards from several sources and will continue lo adopt a policy of
seeking funding to provide community Èvenls, develop the work of the Youth Theatre Group and Adult Theatre
Group, ensure accessibility for minority groups with special needs and provide a wide range of entertainment
Ihat is affordable for all. The Trust continues to work towards audience development with the aim of providing
artistic programming for all tastes and ages.
Structure, governance and management
a, Governing document
Sl. George's Theatre Trust is a company limited by guaranlee governed by its Memorandum of Arlicles of
Association. The company operates as a charitable trust, registered with the Charities Commission. The
company adopted new Memorandum and Articles of Association on 27 July 2012 and were accepted by the
Chariiy Commission in January 2013. These were further amended on 5 February 2016 to increase the maximum
number of trustees from Iwelve to thirteen.
Page 4

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Slructure. governance and management (continued)
b. Recruilment, Appointment and Training of Trustees
The Trustees, who are also Directors of the charitable company for the purpose of company law and also the
company's members, throughout the report are collectively referred to as the Trustees. The number of Truslees
shall be not less than Ihree and nol more than thirteen persons. Truslees serve for a three year term of office
and will not normally serve for more than three terms.
Truslees shall be persons who through occupation. employment or otherwise have special knowledge of the
area of benefit or who are otherwise able by virlue of their personal or professional qualifications to make a
contribution to the pursuit of the objects of the charity.
All new Trustees will be provided with:
The governing document of the charity
The latest financial statements of the charity
And are encouraged to read Charity Commission guidance notes CC3 - The Essential Trustee
need to know, what you need to do.
'What you
In addition, the Trustees aro encouraged to ready Charity Commission and other newsletters and lo attend
courses designed to keep them abreas1 of their duties and responsibilities.
The Trustees who served during the year and al the date of the report are listed on page l.
c. Risk Management
The Trustees acknowledge the Charity Commission's recommendalion for them to undertake a review of the
major risks lo which the trust is exposed. A f ull review of Ihe risks was completed and policies put in place
d. Organisational Structure
The Trusl is administered and controlled by the Trustees who meet bi-monthly. The day to day operation and
services of the Trusl are under the conlrol of a Thealre Director.
Page 5

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Statement of Trustees, responsibilities
The Trustees {who are also the directors of the company for the purposes of company law) are responsible for
preparing the Trustees. Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law,
the Trustees must not approve the financial stalemenls unless they are Satisfied that they give a Irue and fair
view of the state of affairs of the company and of its incoming resources and application of resources, including
ils income and expenditure, for that period. In preparing these financial statements, the Trustees are required
to..
select suitable accounting policies and Ihen apply them consistently,.
observe Ihe melhods and principles of the Charilies SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subjecl lo any material
departures disclosed and explained in the financial statemenls;
prepare the financial statements on the going concern basis unless it is inappropriale to presume that
the company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the company's transactions and disclose wilh reasonable accuracy at any lime the financial position of the
company and enable them to ensure that the financial statements comply with the Companies Act 2006, They
are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and olher irregularilies.
Approved by order of the members of the board of Trustees and signed on their behalf by:
S Scott
Trustee
Date: 27 November 2024
Page 6

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent Examiner's Report to the Trustees of St. George's Theatre Trust ('the company)
I report lo the charity Trustees on my examination of the accounts of the company for the year ended 31 March
2024.
Responsibilities and Basis of Report
As the Truslees of the company (and its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination, I report in respect of my examination of the company's
accounts carried out under section 145 of the Charities Act 2011 ('Ihe 2011 Act,). In carrying out my examination I
have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the company's gross income exceeded £250.000 your examiner must be a member of a body listed in
section 145 of the 2011 Acl. I confirm that l am qualified lo undertake the examination because l am a member of
Institute of Chartered Accountants in England and Wales. which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act;
or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair. view which is not a matter considered as part of
an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with Ihe examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be
reached.
This report is made solely to the company's Trustees, as a body. in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state lo the company's
Trustees those matters l am required to state to them in an Independent Examiner's Report and for no other
purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than
the company and the company's Trustees as a body. for my work or for this report.
Signed:
Joanne Fox BA FCA
Dated: 27 November 2024
BW Audit Limited
Chartered Accountants
Norwich
Page 7

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTivmES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricled
funds
2024
Restricted
funds
2024
Total
funds
2024
Totol
fund5
2023
Note
Income from;
Donations and legacies
Charitable aclivities
Other trading aclivilies
Investments
34.834
163.160
3.548
329
72,371
107,205
163,160
3.548
329
97,861
135,593
8,546
104
Total income
201.871
72,371
274,242
242,104
Expenditure on..
Charitable activities
275.996
53,552
329,548
272,121
Total expenditure
275,996
53,552
329,548
272,121
Nel movement in funds
(74.125)
18,819
(5 5.306)
(30,017)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
45.940
(74,125)
45,940
(55,306)
75,957
(30,0171
18,819
Total funds carried forward
{28,185)
18,819
(9,366)
45,940
The Statement of Financial Aclivities includes all gains and losses recognised in the year.
The notes on pages11 to 25 form parl of these financial statements.
Page 8

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guaranteel
REGISTERED NUMBER: 03983323
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Nole
Fixed assets
Tangible assets
Investmenls
12
452
773
13
453
774
Current assets
Debtors
14
38,093
10,908
34,139
60,974
Cash al bank and in hand
49,001
95,113
Creditors: amounts falling due within one
year
15
(58,820)
(49,947)
Net current liabilities / assets
(9,819)
45,166
Total assets less current liabilities
{9,366)
45,940
Tolal net assets
(9,366)
45,940
Charity funds
Restricted funds
Unrestricted funds
16
18,819
(28,185)
16
45,940
Total funds
(9.366)
45,940
The company was entitled lo exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company lo obtain an audil for the year in question in accordance wilh
seclion 476 of Companies Act 2006.
The Trustees acknowledge their responsTbilities for complying wilh the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
Page 9

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
REGISTERED NUMBER: 03983323
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
The financial stalements were approved and authorised for issue by the Trustee5 and signed on Iheir behalf by:
S Scott
Trijstee
Dale: 27 November 2024
The notes on pages 11 to 25 form part of these linancial statements.
Page10

ST. GEORGE'S THEATrE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General information
The Trust is a private company limited by guarantee, registered in England and Wales and a registered
charity in England and Wales. The address of the registered office is St George's Theatre, King Street,
Great Yarmouth, Norfolk, NR30 2PG. The principal activilies of the Trust are detailed within the Trustees
Report. I n the event of the company being wound up. the liability in respect of the guarantee is limited to
£1 per member.
Accounling policies
2.1 Basis of preparation of financial statements
The financial slatements have been prepared in accordance with the Charitles SORP (FRS 1021
Accounting and Reporting by Charities: Slatemenl of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK
and Republic of Ireland (FRS 102> (effective l January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and Ihe Companies Act 2006.
St. George's Theatre Trust meets Ihe definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless Otherwise stated In
the relevant accounting policy.
The Chariiy is not required to prepare consolidated accounts in accordance with the Charities Act
2011, and has taken advanlage of the option not to prepare consolidated financial slalements
contained in Section 398 of the Companies Act 2006 on the basis that the Charity and 115 Subsidiary
undertakings comprise a small group.
2.2 Going concern
The Trust is reliant on the considerable support it receives from the public. partner organisations
and donors. and has plans in place to ensure it can raise the necessary funds 50 that it can continue
to operale, and continue to be an essential part ol the offering lo Great Yarmoulh residents and
visitors.
The trustees have considered available resources and projections which demonstrale thal the
charity will have sufficienl cash to meet its liabilitie5 as il falls due.
The Trustees have considered Ihe above, and the potential impact ol uncertainty over future funding
and demand for performances. and CODcluded that Ihey have a reasonable expectation that the
charity will have adequate resources to continue in operalional existence for at leasl 12 months
from the dale of signing these financial statements. As such the Truslees conlinue to adopl the
going concern basis in preparing these financial slalements.
Page 11

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.3 Income
All income is included in the stalemenl of financlal activities when entitlement has passed lo the
charily, and it is probable that the economic benefits associated with the transaction will flow to the
charily and the amount can be reliably measured. The following specific policies are applied lo
particular categorie5 of income:
Income from donations or grants is recognised when there is evidence of entitlement, receipt is
probable and its amounl can be measured reliably.
I ncome from donated goods is measured at Ihe fair value of Ihe goods unles5 this is impractlcal
to measure reliably, in which case the value is derived from the cost to the donor or the
estimated resale value. Donated facilities and services are recognised in the accounts when
received if the value can be reliably measured. No amounts are included for the contribution of
general volunteers.
Income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there 15 a contractual
requirement for it to be spenl on a particular purpose and returned if unspent, in which case il
may be regarded as restricted.
Income from tickets is recognised in the period to which the show relates.
2.4 Expenditure
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings in Ihe Statement of the
financial activities to which it relates:
Expenditure on raising funds includes the costs of all fundraising activilies, events and
noncharilable trading activities.
Expenditure on charitable aclivities includes all costs incurred by the charity in underlaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to yovernance of the charity apportioned to the charitable
activities.
Olher expendilure includes all expenditure that is neither related to raising fund5 for the charity
nor parl of ils expenditure on charitable activities.
All costs are allocated to expendilure categories reflecting the use of the resource. Direct costs
attributable lo a single activity are allocated directly io that activity. Shared costs are apportioned
between the activilies they contribute to on a reasonable. justifiable and consistent basis,
2.5 Interest receivable
Inlerest on funds held on deposit is included when receivable and the amounl can be measured
reliably by the company: this is normally upon notificalion of the inlerest paid or payable by the
institution wilh whom Ihe funds are deposited.
Page12

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounling policies (continued)
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. Afler recognition, under the cost model,
tangible fixed assets are measured al cost less accumulated depreciation and any accumulated
impairment losses. All cosls incurred to bring a tangible fixed asset into its intended working
condition should be included in Ihe measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed asset5 less their residual value
over their eslimated useful lives, using the 5lraight-line method.
Deprecialion is provided on the following basis:
Theatre equipment
Office equipment
20°A slraight line
33Y• slrai9ht line
2.7 Investments
Investments in subsidiaries are valued at cost less provision for impairment.
2,8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a shorl
malurity of three months or less from Ihe date of acquisition or opening of the deposit or similar
accounl.
2,10 Liabilities and provisions
Liabilities are recognised when there is an obligation at Ihe Balance Sheet date a5 a result of a past
event, it is probable Ihat a transfer of economic benefit will be required in settlement, and the
amount of the settlement can be estimated reliably.
Liabilities are recognised al the amount that the company anticipates It will pay to settle the debt or
the amount it has received as advanced payments for the goods or services il musl provide.
Provisions are measured at the best eslimate of the amounls required to seltle the obligation.
Where the effect of the time value of money is material. Ihe provision is based on the present value
of those amounts, discounted at the pre-tax discounl rale Ihal reflects the risks specific lo the
liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a
finance cost.
Page 13

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.11 Financial instruments
The company only has f inancial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their setllement value.
2,12 Pensions
The company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the company lo the fund in respect of the year.
2.13 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the company and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by
donors or which have been raised by the company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is sel out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Donations
Grants
4,656
29.998
180
4,656
102,369
180
72,371
Friend5 membership fees
34,834
72,371
107,205
Page 14

ST. GEORGE'S TrIEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies (continued)
Unrestricted
fund5
2023
Restricted
funds
2023
Totol
funds
2023
Donations
4,135
29,998
445
4.135
93,281
445
Grants
Friends membership fees
63,283
34,578
63,283
97,861
I ncome from charitable activities
Unrestricted
funds
2024
Tolal
funds
2024
Totol
fund5
2023
Box Office admission fees and commission
Hire of premises
155,530
7,630
155,530
7,630
127,358
8,235
163,160
163.160
135,593
Income from olher trading activilies
Income Irom non charitable trading activities
Unreslricted
funds
2024
Total
fund5
2024
Total
funds
2023
Programme, merchandise and raffle income
Advertising and sponsorship
3,548
3,548
2, 796
5, 750
3,548
3,548
8,546
Page15

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Investment income
Unrestricted
funds
2024
Total
funds
2024
Totol
funds
2023
Bank deposit inleresl
329
329
104
Analysis of expenditure on charilabte activities
Summary by fund type
Unrestricted
funds
2024
Restricted
fund5
2024
Total
2024
Expenditure on charitable activities
275,996
53.552
329,548
Unrestricted
funds
2023
Restrlcted
runds
2023
Total
2023
Expenditure on charilable activities
205.156
66,965
272,121
Analysis of expenditure by aclivilies
Aclivities
undertaken
directly
2024
Total
funds
2024
Total
fvnds
2023
Expenditure on charitable activities
329.548
329,548
272.121
Page 16

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analysis of expenditure by activities {continued)
Analysis of direct cosls
Total
funds
2024
Total
funds
2023
Staff costs
59,979
8,054
116,307
32,839
11,355
2,092
4,206
2,641
32,898
15,024
11,256
11,975
59,982
22,113
91,914
15,019
6,474
5,154
3, 752
4,990
18,967
11,852
10,619
8,611
190
Contract Staff
Production Costs
Project Grants
Advertising
Travel and subsistence
Printing, slationery, IT and telephone
Property Rates
Heat, light and waler
Repairs and Maintenance
Printing, stalionary. IT and telephone
Professional Fees
Property Rates
Bank charges and interesl
Depreciation
Irrecoverable VAT
1,785
775
1,699
1,209
6,972
2,604
15,962
2.400
Governance Costs
329,5148
272,121
Independent examiner's remuneralion
2024
2023
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts
2.250
Fee5 payable to the company's former independenl examiner
2.490
Page17

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 202A
10.
Staff costs
2024
2023
Wages and salaries
Contribution to defined contribution pension schemes
59,288
691
59,C106
976
59,979
59,982
The average number of persons employed by the company during the year was as follows..
2024
2023
No.
Employees
No employee received remuneratlon amounting to more than £60,000 in either year.
During the year E18,996 (2023 - £18,733) was paid to key management personnel in respect of salaries
and employer's pension contributions.
Trustees, remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023- £NIL).
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023- £NIL).
Page IB

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12.
Tangible fixed assels
Theatre
equipmenl
Office
equipment
Tolal
Cost or valuation
At l April 2023
Additions
28,728
453
6.857
35,585
453
At 31 March 2024
29.181
6,857
36,038
Depreciation
At l April 2023
Charge for the year
28.177
552
6,635
222
34,812
774
At 31 March 2024
28.729
6,857
35,586
Nel book value
At 31 March 2024
452
452
At 31 March 2023
551
222
773
Page 19

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13.
Fixed asset inve51men15
Investments
in
subsidiary
companies
Cost or valuation
At l April 2023
At 31 March 2024
Net book value
At 31 March 2024
At 31 Morch 2023
Principal subsidiaries
The followlng was a subsidiary undertaking of the company:
Name
Company
number
Registered olfice or principal
place of business
Class of
shares
Holding
St George's Trading Ltd
07951033
Sl George's Theatre, King Street, Ordinary
Great Yarmouth, NR30 2PG
loo/.
The financial resulls of the subsidiary for the year were:
Name
Income
Expenditure
Profil/(Loss)
for the year
Net assets
Sl George's Trading Lld
66.728
(26.036)
40,692
42,060
Page 20

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14.
Debtors
2024
2023
Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
9,016
24,957
345
13.253
12,362
423
3,775
38,093
34,139
15.
Creditors.. Amounts falling due within one year
2024
2023
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
15,207
614
20,659
738
438
1,315
27,235
42,561
58,820
49,947
2024
2023
Deferred income at l April 2023
Resources deferred during the year
Amounts released from previous periods
16,407
31,418
(14,741)
14,965
11.532
(10,090)
33,084
16,407
Deferred income represents funds received from the sale of tickets in advance of future performances
and gift vouchÈrs yel to be redeemed.
Page 21

ST. GEORGE'S THEATRE TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16.
Statement ol funds
Slatement of funds current year
Balance at I
April 2023
Balance at 31
Income Expenditure March 2024
Unreslricled f unds
General Funds
45.940
201,871
(275.996)
(28,185)
Restricted funds
Arts workshop leader
Arts for Everyone
Know Your Neighbourhood
Juke Box Thrive Project
Hot Box Cafe
1,000
10,550
53,916
4,916
1.989
(1,000)
10,550
1.364
4,916
1,989
(52,552)
72,371
(53.552)
18,879
Tolal of funds
45,940
274,242
{329,548)
(9,366)
The Arts Workshop Leader provided funding for a year lo offer weekly drama sessions lo young people
who cannot afford lo pay.
Arts for Everyone is a project supporting pay what you can afford performances for lamilies. It also
Supported a specialist Iheatre company to deliver a workshop and show for people suffering with
demenlia and Iheir carers.
Know Your Neighbourhood is a 3-part project with DIAL and Reprezent lo connect with others.,
supporting volunteers lo befriend visitors and put on activities at a volunteer cafe.
Juke Box Thrive Project is a community theatre project exploring the sounds of the 60's in Great
Yarmouth.
Hot Box Cale is lo provide a warm hub for people and families suffering with the cost of living crisis.
Page 22

ST. GEORGE'S THEATRE TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16.
Slatement of funds (conlinued)
Statement of funds - prior year
Bolonce ot
31 Murch
2023
Balance ot
l April 2022
Income
Expenditure
Unrestricted f unds
General Funds
72.275
178,821
(205,156)
45,940
Restricted funds
Signage Fund
Microphone fund
Freemans Charity Fund
National Lottery Communlty Fund
Norfolk Community Foundation
Right lo Succeed
Jungle Book
2,054
(2,054)
(1,628)
(30,000)
(9,990)
(22,513)
{280J
(500)
1,628
30.000
9,990
22,513
280
500
3.682
63,283
(66,965)
Total of fund5
75,957
242,104
{272,121J
45,940
Page 23

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17.
Analysis of net assets between funds
Analysis of net assets between funds - currenl period
Unrestricted
funds
2024
Reslricted
funds
2024
Total
funds
2024
Tangible f ixed assets
Fixed asset investments
Current assets
452
452
30,182
(58,820)
18,819
49,001
{58,820)
Creditors due within one year
Total
(28,185)
18,819
(9,366)
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset inveslments
773
773
Current a55e15
95,113
{49,947J
95,113
(49,947)
Creditors due within one year
Total
45.940
45,940
18.
Pension commilments
The company operales a defined contribution pension scheme. The asset5 of the scheme are held
separately from those of the company in an independenlly administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted to £691 (2023: £976). £179
(2023: £297) was payable to the fund al the balance sheet dale and is included in creditors.
Page 24

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19.
Related parly transactions
Steven Scott, a Trustee, has joint control of TMS Media Limited. During the period the Trust purchased
services from Ihi5 company for £3,245 (2023: £2,455). A credilor balance of E228 (2023: E228) was
outstanding at Ihe year end.
Ryan Pickering, a Trustee, charged for work carried oul as project manager amounting to £1,512 (2023:
£Nill,
Sl George's Trading Limited is a wholly owned subsidiary of the Trust. A debtor balance of £24,957
(2023.. E12.362) was outstanding at the year-end.
Recharges were invoiced to the charity from Sheringham Liltle Theatre Society tolalling E6,237 (2023:
£14,414), a charity with key management personnel in common. At the year end £Nil12023: £1,629) was
outstanding.
Page 25