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 2025
*AEHU962X*
2011212025
COMPANIES HOUSE
A57
#214

ST. GEORGE'S THEATRE TRUST
IA Company Limited by Guarantee)
CONTENTS
Page
Reference and Admlnistrative Detalls of the Company, its Trustees and Advisers
Trustees, Report
Independent Examlner's Report
Statement of Financlal Actlvlties
Balance Sheet
9-10
Notes to the FlnancSal Statements

ST. GEORGE'S THEATRE TRUST
{A Company Limlted by Guarantee
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
W Ellis (resigned 22 August 2024)
S Hood (resigned 11 November 2025)
R Pickering
S Scott (resigned 7 July 2025)
D Staines {appointed 27 June 2025)
J Tully, Chair (appointed 2 October 2025)
H Woodruff lappointed 27 June 2025)
P Wylie (appointed 28 June 2025, resigned 22 August 2024)
Company registered
number
03983323
Charlty reglstered
number
1081752
Registered office
St George's Theatre
King Street
Great Yarmouth
Norfolk
NR30 2PG
Company secretary
J A Goffin
Accountants
BW Audit Limited
Chartered Accountants
8erry & Warren
54 Thorpe Road
Norwich
NR1 1RY
Solicitors
Hansells
Cambridge House
26 Tombland
Nonmich
Norfolk
NR31RE
Page 1

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of the company for the year 1
April 2024 to 31 March 2025. 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 slatements of the
charitable company comply with the current statulory requirements, the requirements of the charitable company's
governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland {FRS1021 {effeclive 1 January 20191.
Since the company.qualifies as small under section 382 of the Companies Act 2006. the Strategic Report
required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors,
Report) Regulations 2013 has been omitted.
Objectives and actlvitles
Objectives and activities
The Trust's principal obieclives 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
fulfil ils objectives by..
al Managing and operating St George's Theatre, the cafe I bar and the adjacent amenity and performance
areas to provide a balanced and broad range of cultural activities on the premises including theatre, cinema,
performing arts, arts cenlre, community use, civic purposes, training, and other events {including craft fairs,
antique fairs, trade fairs, banqueting and funclions),.
bl Operaling the cafe I bar for the benefit of the public generally and more specifically for Ihose visiting the
theatre.,
c) Generating income to mainlain {in conjunction with rts landlord Great Yarmouth Borough Council) the fabric
of St George's Theatre and the cafe I bar for the long term benefit of the local community.
The Trust will:
Ensure that its income is used only for the purposes set out above.
ii. Only carry out activities at other locations which are anci118ry or incidental to (a) and {b) above.
b. Public Benefit
The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefil in
deciding what activrties the Trust will undertake. It is considered that the Trust will provide public benefit through:
a) Allowing members of the public access, without charge, to the theatre so as to view its historic and
architectural features for a minimum of 100 hours in each calendar year.,
bl Allowing members of the public access without charge to the cafe I bar and amenity areas for the purpose of
rest and recreation.
c) The provision of a range of cultural experiences for the community.
dj 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 2025
Achievements and performance
Rgview of activities
There were 189 events during the year, a varied mix of music, drama, comedy and family and community shows.
Highlights included our Easter youth musical show 'High School Musical Abigail's Party, and 'Shirley Valentine,
presented by Sheringham Little Theatre and our in house professional Pantomime 'Snow White,, again live
streamed into schools through our partnership with Norfolk Music Hub.
We also produced our own Adult Pantomime, which sold out and toured to Sheringham.
The 'Know your Neighbour, DCMS funded project which encourages volunteers from the community, staged
three successful productions., Juke Box Thrive, Through the Decades and This Christmas Carol. We held three
Volunteer events in partnership with Dial.
We began our Arts Council funded audience development project 'Moving Fonmard, which began monitoring our
audience dala and gathering valuable feedback to help inform our programming going forward. This project
concludes in September 2025.
We have continued our programme working with young people through weekly drama sessions, holiday activity
and productions. They produced 'Alice in Wonderland, in February 2025. To ensure the theatre remains as
inclusive as possible, we continue our partnerships with local community groups, including FABBA, sessions for
adults with learning disabilities, Chill Spot sessions by The Mancroft Advisory Project (MAP) and The Youth
Advisory Board (YAB). We ran a 'Care and Refresh, project through Community Foundation funding and set up a
'Clean up Crew, for young adults who need to gain work experience.
We began w￿rk creating a full stage adaptation of Tia Fisher's award winning book 'Crossing the Line,. We
successfully applied to The Arts Council for a proieci grant to run a research and development project in May
2025. This will be in Partnership with the Norfolk and Notwich Festival INNF).
We also worked with NNF lo bring a dementia friendly piece of work to the theatre called 'On the Beach,. Other
artistic partnerships included working with Orchestras Live lo bring the 88C Concert Orchestra to the venue,
National Heritage Days events and programming for the Great Yarmouth Arts Festival.
Financial review
a. Review of results
The financial results are shown in the Statement of Financial Activities on page 8. A nel profit was generated in
the year amountlng lo £26,830 (2024 - £55, 306) after receipt of a management fee of P25,000 {2024 - £25, 000)
from Great Yarmouth Borough Council.
The charitvs subsidiary, St George's Trading Limited, generated turnover of £60,197 (2024 £66, 728) and
recorded a loss for the year of £18,387 (2024 - profil of £40,692). As at 31st March 2025 the company had net
assets of £23,673 (2024 - £42,060). The results of St George's Trading Limited have not been consolidated into
the Trust's accounts as thé group is exempt from producing group accounts.
Combined, the current year shows an improvement for the group compared wilh the prior year.
Page 3

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
b. Golng concern
The Trustees have considered the charity's position at the time of signing the financial statements. As a
community theatre thal operates all year round lo provide a wide variety of reasonably priced entertainment for
local people
including some pay-what-you-can events for hard-pressed families the theatre cannot rely on
ticket sales alone for ils long term viability and will continue to seek grant support from local authorities and
charitable bodies. The management's success in achieving this support in recent years gives Trustees the
confidence to believe that there will be sufficient funds lo operate the theatre during 2025-26 and continue lo
provide local people with a varied programme of entertainment.
c. Reserves pollcy
As at 31 March 2025, the Trust had unrestricted free reserves, being unrestricted reserves less fixed assets, of a
deficit of £8,079 (2024 £28,638). Post year end, the trading subsidiary made a donation of its profits which
returns the free reserves to a positive position. The distribution has not been accrued for as Stipulated by the
Companies Act 2006.
The Trust held £15,314 (2024 £78,819J in restricted funds. The Trust has total reserves of £17.264 (2024 - a
deficil of £9,366). Trustees recognise the need to build up and retain reserves lo provide for unexpected
expenditure, for replacement of equipment and to have funds available in case of an unforeseen downturn in
income. The Trust reviews ils reseNes policy annually. This review encompasses the nature of the income and
expenditure streams, the need to match variable income with fixed commitmenls and the nature of the reserves.
The Trustees aim to build up free reserves lo £70,000.
d. Plans for future period
The Trust is currently wnning tm Arts Council projects, the audience development project will help inform our
programming going fomard lo ensure we are inclusive, relevant, affordable and sustainable. The other project
'Crossing the Line, addresses issues within the community and of national relevance, we have applied to develop
this work and tour the production in the future. We are aware with the local Government restructure planning we
need to be an important venue for Norfolk and we are talking lo the Arts Council about applying to be a National
Portfolio Venue {NPO) in their next round of applications. We are in talks with Great Yarmouth Borough Council
to extend our Service Level agreement from one year to 5 years, in order to provide some stability to our funding
as the changes occur.
Structure, governance and management
. Governing document
St. George's Theatre Trusl is a company limited by guarantee govemed by its Memorandum of Articles of
Association. The company operates as a charitable trust, registered with the Charilies Commission. The
Company adopted new Memorandum and Articles of Association on 27 July 2012 and were accepted by the
Charity Commission in January 2013. These were further amended on 5 February 2016 to increase the
maximum number of trustees from ￿e1ve to thirteen.
Page 4

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management {continued)
b. Recruitment, Appointment and Training of Truste•s
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 three and not more than thirteen persons. Trustees seNe for a three year term of office
and will not normally seNe for more than three temis.
Trustees shall be persons who through occupation, employment or othe￿ise have special knowledge of the
area of benefit or who are otherwise able by virtue 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 vrfith..
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-'What you
need to know, what you need to do"
In addition, the Trustees are encouraged to ready Charity Commission and other newsletters and to attend
courses designed to keep them abreast of their duties and respon_sibilities.
The Trustees who served during the year and al the date of the report are listed on page 1.
c. Risk Management
The Trustees acknowledge the Charity Cornmission's recommendation for them to undertake a review of the
major risks to which the trust is exposed. A full review of the risks was completed and policies put in place
d. Organlsatlonal Structure
The Trust is administered and controlled by Ihe Trustees who meet bi-monthly. The day to day operalion and
seNices of the Trust are under the control of a Theatre Director.
Page 5

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustees. responsibillties
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 slatemenls in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepled Accounting Practice).
Company law requires Ihe Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the stale of affairs of the company and of its incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these financial statements, Ihe Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent;
stale whether applicable UK Accounting Standards (FRS 1021 have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
company will continue in business.
The Truslees are responsible for keeping adequale accounting records that are sufficient to show and explain
the company's transactions and disclose with reasonable accuracy at any time the financial position of the
company and enable them lo 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 laking reasonable steps for Ihe
prevention and detection of fraud and other irregularities.
Ap
roved by order of the members of the board of Trustees and signed on their behalf by..
ully
Trustee
. Date.. 17 December 2025
Page 6

ST. GEORGE'S THEATRE TRUST
IA Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent Examinerfs Report to the Trustees of St. George's Theatre Trust {'the company,
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 March
2025.
Responsibilities and Basis of Report
As the Twstees of the company (and its diredors 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 éxarnination of the companls
accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination
I have followed the Directions given by the Charily Commission under section 145(5)Ib) of the 2011 Act.
Independènt Examiner's Statement
Since the company's gross income exceeded £250,000 your examiner musl be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of Inslitule of Chartered Accounlants 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 connecl¢on with the
examination giving me cause lo believe..
accounting records were not kepl 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 accounls have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable lo charities preparing their
accounts in accordance wilh 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 the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to 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 stale lo the companls
Trustees those matters l am required to state to them in an Independenl 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
rfvj U,V
Dated.. 17 December 2025
BW Audit Limited
Chartered Accountsnts
Norwich
Page 7

ST. GEORGE'S THEATRE TRUST
IA Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Restricted
funds
2025
Total
funds
2025
Tot81
funds
2024
Note
Income from:
Donations and legacies
Charitable activities
Other trading activities
Investments
71,337
226,220
6,381
117
167,797
229,134
226,220
6,381
117
107.205
163, 160
3,548
329
Total income
304,055
157,797
461,852
274,242
Expenditure on:
Charitable aclivities
281,086
154,136
435,222
329,548
Total expenditure
281,086
154,136
435,222
329, 548
Net Incomell8xpendlture)
Transfers be￿een funds
22,969
7,166
3,661
(7,166
26,630
(55.306)
16
Net movement In funds
30,135
(3,505}
26,630
(55,306)
Reconciliation of funds:
Total funds brought foNard
Net movement in funds
<28,1851
30,135
18,819
{3,505)
(9,366)
26,630
45, 940
(55,306)
Total funds carrled forward
1,950
15,314
17,264
(9,366)
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 1110 25 fomi part of these financial statements.
Page 8

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
REGISTERED NUMBER: 03983323
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Tangible assets
Investments
12
13
10,028
452
10,029
453
Current assets
Debtors
Cash at bank and in hand
14
45,553
32,580
38, 093
70,908
78,133
49,001
Current15abllltl•s
Creditors.. amounts falling due within one
year
15
(70,8981
(58,820)
Net current assets I liabilites
7,235
(9,819)
Total assets less current Ilabilitles
17,264
(9,366)
Total net assets
17,264
(9,366)
Charity funds
Restricted funds
Unrestricted funds
16
16
15,314
1,950
18,819
(28, 185)
Total funds
17,264
(9,366)
The company w£s entitled to exemption from audit under section 477 of the Companies Act 20C6.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act wrth respect to
accounting ￿cOrdS and preparation of financial statements.
The financial stalemenls have been prepared in accordance wilh the provisions 8pplicable to entities subject lo
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
Page 9

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
REGISTERED NUMBER: 03983323
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
ully
Trustee
Dale.. 17 December 2025
The notes on pages 11 to 25 form part of these financial stalements.
Page 10

ST. GEORGE'S THEATRE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General infomiation
The Trusl 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 activities of the Trust are detailed within the Trustees
Report. In the event of the company being wound up, the liability in respect of the guarantee is limited to
£1 per member.
Accounllng policles
2.1 Basis of preparation of flnancial statements
The financial statements have been prepared in accordance wilh the Charities SORP {FRS 102)
Accounting 8nd Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland {FRS 102) (effective 1 January 20191, the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006.
St. George's Theatre Trust meets the definition of a public benefit entity under FRS 102: Assets and
liabilities are initially recognised at historical cost or Iransaction value unless otherwise stated in the
relevant accounting policy.
The Charity is not required to prepare consolidated accounts in accordance with the Charities Act
2011, and has taken advantage of the option not to prepare consolidated financial statements
contained in Section 398 of the Companies Act 2006 on the basis that the Charity and its subsidiary
undertakings comprise a small group.
2.2 Going concern
The Twst is reliant on the considerable support it receives from the public, partner organisalions and
donors, and has plans in place to ensure it can raise the necessary funds so that it can continue to
operate, and continue lo be an essential part of the offering lo Great Yam)outh residents and visitors.
The trustees have considered available resources and projections which demonstrate that the charity
will have sufficient cash lo meet ils liabilities as it falls due.
The Trustees have considered the above, and the potential impact of uncertainty over future funding
and demand for perforrnances, and concluded that they have a reasonable expeclalion that the
charity will have adequate resources to continue in operational existence for at least 12 months from
the date of signing these financial statemenls. As such the -l-rustees continue to adopt the going
concern basis in preparing these financial statements.
Page11

ST. GEORGE'S THEATRE TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.3 Income
All income is included in the statement of financial activities when entitlement has passed to the
charity, and it is probable that the economic benefits associated with the transaction will flow to the
charity and the amount can be reliably measured. The following specific policies are applied to
particular categories of income:
Income from donations or gr8nts is recognised when there is evidence of entitlement, receipt is
probable and its amount can be measured reliably.
Income from donated goods is measured at the fair value of the goods unless this is impractical
to measure reliably, in which case the value is derived from the cost lo the donor or the estimated
resale value. Donaled 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 unrestncled funds unless there is a contractual requirement for il to
be spent on a particular purpose and returned if unspenl, in which case rt 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 the Statement of the
financial activities to which il relates:
Expenditure on raising funds includes the costs of all fundraising aclivrties, events and
noncharitable trading activities.
Expenditure on charitable activities includes 811 costs incurred by the charity in undertaking
activities that further its charitable aims for the benefit of ils beneficiaries, including those support
costs and costs relating to governance of the charity apportioned to the charitable activities.
Other expendilure includes all expenditure that is neither related to raising funds for the charily
nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting ihe use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
behveen the activities Ihey contribute to on a reasonable, juslifiable and consistent basis.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the company., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
Page 12

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.6 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised at cost. After recognition, under Ihe cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tangible fixed asset into its intended working condilion should be
included in the measurement of cost.
Depreciation is charged so as lo allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight-line method,
Depreciation is provided on the following basis..
Theatre equipment
Office equipment
200/0 8traight line
330/0 Straight line
2.7 Investments
Investments in subsidiaries are valued at cost less provision for impairment.
2.8 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid nel 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 wilh a short malurity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, il is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement Can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debl or
the amount it has received as advanced payments for the goods or seNices il must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-lax discount rate Ihat reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.11 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequenlly
measured at their settlement value.
Page13

ST. GEORGE'S THEATRE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (conlinued)
2.12 Pensions
The company operates a defined contribulion pension schem8 and the pension charge represents
the amounts payable by the company to 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 restrictions 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 set 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 Restricted
funds
funds
2025
2025
Total
funds
2025
Donations
Grants
46,337
25,000
46,337
182,797
157,797
71,337
157.797
229.134
Page 14

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations and legacies (continued)
Unreslricted
funds
2024
Reslricled
funds
2024
To181
funds
2024
Donations
Grants
Friends membership fe8S
4, 656
29,998
180
4, 656
102, 369
180
72,371
34,834
72,371
107,205
Income from charitable activities
Unrestricted
funds
2025
Total
funds
2025
Tot81
funds
2024
Box Office admission fees and commission
Hire of premises
214,666
11,554
214,666
11,554
155,530
7, 630
226,220
226,220
163, 160
Income from other trading activltles
Income from non charitable trading activities
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Programme, merchandise and raffle income
6,381
6,381
3,548
Page 15

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Investment Income
Unrestricted
funds
2025
Total
funds
2025
Tot81
funds
2024
Bank deposit interest
117
117
329
Analysis of expendlture on charltable actlvlties
Summary by fund type
Unrestricted Restricted
funds
funds
2025
2025
Total
2025
Expenditure on charitable activities
281.086
154,136
435,222
Unrestricted
funds
2024
Reslncted
funds
2024
Tolal
2024
Expenditure on charitable activities
275,996
53, 552
329, 548
Page 16

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditure by activities
Activities
undertaken
directly
2025
Total
funds
2025
Total
funds
2024
Expenditure on charitable activities
435,222
435,222
329,548
Analysis of direct costs
Total
funds
2025
Total
funds
2024
staff costs
Contract Slaff
Production Costs
Project Grants
Advertising
Travel and subsistence
Insurance
Propety Rates
Heal, light and water
Repairs and Maintenance
Printing, stationary, IT and telephone
Professional Fees
Development fee
Bank charges and interest
DÈpre¢iation
Irrecoverable VAT
Governance Costs
Profit on disposal of fixed assets
90,094
59.979
8, 054
116,307
32, 839
11.355
2.092
4.206
2,641
32, 898
15,024
11,256
11,975
182,179
41,458
21,847
9,345
1,696
2,361
21,807
15,523
13,856
14,050
286
2,391
509
15,620
2,400
1200)
1, 785
775
15,962
2,400
435,222
329, 548
Page 17

ST. GEORGE'S THEATRE TRUST
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner's remuneration
2025
2024
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts
2,350
2, 250
10. Slaff costs
2025
2024
Wages and Salaries
Social security costs
Contribution to defined contribution pension schemes
87,810
970
59, 288
1,314
691
90,094
59,979
The average number of persons employed by the company during the year was as follows..
2025
No.
2024
No.
Employees
No employee received remuneration amounting to more than £60,000 in either year.
During the year £21,992 (2024 - £20,310) was paid lo key management personnel.
11. Trustees. remuneration and expens8S
During the year, no Trustees received any remuneration or other benefits (2024 - £NILJ.
During the year ended 31 March 2025, no Twstee expenses have been incurred (2024- £NIL).
Page 18

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12.
Tangible fixed assets
Theatre
equipment
Office
equipment
Total
Cost or valuation
At 1 April 2024
Additions
Disposals
29,181
9,485
(1,349)
6,857
600
36,038
10,085
<1,349)
At 31 March 2025
37,317
7,457
44,774
Depreclation
At 1 April 2024
Charge for the year
On disposals
28,729
309
{1,349
6,857
200
35,586
509
{1,3491
At 31 March 2025
27,689
7,057
34,746
Net book value
At 31 March 2025
9,628
400
10,028
Al 31 March 2024
452
452
Page 19

ST. GEORGE'S THEATRE TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
13. Fixed asset investments
Investrnents
in
subsidiary
companies
Cost or valuation
At 1 April 2024
At 31 March 2025
Net book value
At 31 March 2025
At 31 mS￿h 2024
Principal subsidiaries
The following was a subsidiary undertaking of the company..
Name
Company
number
Registered office or principal Class of
place of business
shares
Holding
St George's Trading Ltd
07951033
Sl George's Theatre, King Street, Ordinary
Great Yarmouth, NR30 2PG
100%
The financial results of the subsidiary for the year were..
Nama
Income
Expendlture ProfitllLossl
for the year
Nat assets
St George's Trading Ltd
60,197
125,401)
118,3871
23,673
Page 20

ST. GEORGE'S THEATRE TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Debtors
202S
2024
Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
1,480
37,969
9,016
24,957
345
3, 775
6,104
45,553
38,093
15.
Creditors: Amounts falling due within one year
202S
2024
Trade creditor8
Other taxation and social security
Other creditors
Accruals and deferred income
23,106
3,237
1,983
42,572
15,207
614
438
42,561
70,898
58, 820
2025
2024
Deferred income at 1 April 2024
Resources deferred during the year
Amounts released from previous periods
33,084
32,533
(28,172)
t6,407
31,418
{74,741)
37,445
33,084
Deferred income represents funds received from the sale of tickets in advance of future performances
and gift vouchers yet lo 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 2025
16. Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Transfers
inlout
Income Expenditure
Unrestricled funds
General Funds
(28,1851
304,055
(281,086)
7,166
1,950
Restriclèd funds
Art8 for Everyone
Know Your Neighbourhood
Hot Box Cafe
NCF Apollo Club
Lottery Fund - Arts Council
Places Trust - Tamed
Norfolk County Council - Arts
Grant
Great Yarmouth Borough
Council new bar
10,550
6,280
1,989
(10,550)
{67,503)
{1,989}
114,654)
139,9421
{14,500
61,223
14,654
55,256
14,500
15,314
4,998
14,9981
7,166
{7,166)
18,819
157,797
(154,136)
(7,166)
15,314
Total of funds
{9,366)
481,852
{43S,222)
17,264
Page 22

ST. GEORGE'S THEATRE TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENOED 31 MARCH 2025
16. Statement of funds (contlnued)
The Arts Workshop Leader provided funding for a year to offer weekly drama sessions to young people
who cannot afford to pay.
Arts for Everyone is a project supporting pay what you can afford performances for families. It also
supported a specialist theatre company to deliver a workshop and show for people suffering with
dementia and Iheir carers.
Know Your Neighbourhood is a 3-part project with DIAL and Reprezent to connect with others., supporting
volunteers to befriend visitors and put on activities at a volunteer cafe.
Hot Box Cafe is to provide a warm hub for people and families suffering with the cost of living crisis,
NCF Apollo Club is a project lo support local people with poor mental health.
Lottery Fund - Arts Council provided Iwo grants., one for an audience development project and one as a
research and development project to raise awareness of drug gang activity in Norfolk.
Places Trusl is a grant to work wilh an up and coming theatre company on a new devised piece of
theatre called 'Tamed'.
Norfolk County Council agreed a service level agreement for the year to provide community activities for
the year including our youlh work and engagement with Volunteers.
GYBC provided a grant to create a new bar area..
The transfer from restricted funds into unrestricted funds is to reflect a grant received for fixed asset
additions which has been spent in the year and therefore the reslriction has been satisfied.
Page 23

ST. GEORGE'S THEATRE TRUST
{A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16. Statement of funds (continued)
Statement of funds - prlor year
Balance al
31 MarGh
2024
Balance al
1 Apnl 2023
Income Expenditure
Unrestricted funds
General Funds
45,940
201,871
(275, 996)
(28, 185)
Restricted funds
Arts workshop leader
Arts for Everyone
Know Your Neighbourhood
Hot Box Cafe
1,000
10,550
58, 832
1, 989
(1,000)
10,550
6, 280
1,989
(52,552)
72,371
(53, 552)
18,819
Total of funds
45,940
274,242
(329, 548)
(9, 366)
17. Analysls of net assets between funds
Analysis of net assets between funds - current year
Unreslricted Restricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Fixed asset investmenls
Current assets
Creditors due within one year
10,028
10,028
62,819
(70,898)
15,314
78,133
(70,898
Total
1,950
15,314
17,264
Page 24

ST. GEORGE'S THEATRE TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17. Analysis of net assets between funds (continued)
Analysis of net assels between funds - prlor year
Unrestricled
funds
2024
Restncted
funds
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
452
452
30, 182
(58, 820)
18,819
49,001
(58, 820)
Total
(28, 185)
18,819
(9,366)
18.
Pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the company in an independently administered fund. The pension cost charge
represenls contributions payable by the company lo the fund and amounted lo £1,314 (2024 - £691). £340
(2024 - £179) was payable to the fund at the balance sheet date and is included in creditors.
19.
Related party transactions
Steven Scolt, a fomier Trustee, has joint control of TMS Media Limited. During the period the Trust
purchased services from this company for £2.890 (2024 - £3,245). A creditor balance of £Nil (2024
£456) was outstanding al the year end.
Ryan Pickering, a Trustee, charged for work carried out as project manager amounting to £Nil (2024
£1,512).
St. George's Trading Limited is a wholly owned subsidiary of the Trust. A debtor balance of £37,969
(2024 £24,957) was oulslanding at the yearaend. A donation to the charity was made in the year
amounting to £38,346 (2024 - £Nil).
Recharges were invoiced to the charity from Sheringham Little Theatre Society totalling £2,935 (2024
£6,237) and recharges invoiced to Sheringham Little Theatre Society totalling £7,977 (2024 - £NIl), a
charity with key management personnel in common. At the year end £Nil (2024 - £Nil) was outstanding.
Page 25