RF,Gl<iTERED COMPANY NITIIIBER: 04266321 (F.ngland and Wales) REGIS'I"ERED CHAIUTY TriUMBER: 1089301 ort of the Trustees and Financial Statements f(pr the Year F,nded 31 December ?0?4 for lumber 8 Aitti-ood. Pcrrott House l 7 Bridge Street Pershore WorcestershirL 'RIO IAJ
Number 8 Content5 of the Financial .Stat¢menls for the Year F.nded 31 t)eceniber 20?4 Chairman's Report k¢porl of the Trusteet• Independent F.xaminer's Report Statetnent of Financial Actii"ities Balance Sheet Cash Floi): Statement 12 Notes to the Ca_sh FloTh, £itatement 13 Notes to the Finaneial Statements 14 to ?? Dctailed Statement of Financial Actii'ities ?3 to 24
INuii)ber 8 Chairliian's Ke rt for the Year Ended 31 December ?0?4 ON'erall, 20?4 .&5 a satisfactory. N-ear 31.ith a slroni. financial perfom)ance finish to the Tr"ear - NvhiLh hnp¢fully contiiiucs into 202). "I'he Financial Rei'iew reports the 20?4 tull-s'ear performCe. I am pleased 10 report M;c achieved a good result kn.hen consideringTr the continuing challenoes faciniy our industTh;. The finanLial perfornianLe for 20?4 ahead of budqei bui bLhind on the previous N'eai: 20?3. 2024 also markLd an imponani and noiable N'car t.or Nurnber 8 - the 20th aiiniversaTr- of our frsi public openino The evenl lll Deceniber Iriark,inv th¢ occasion as atiend¢d bi. loj.al and dedic41ted volunteers. This M'as a N ery, fiiLillgT occasion proi-.inTr that thc N'olunteers are at Ihe heart ot- thc Number 8 communil),. C)n belialt of the Board of Trustees I tak-e this OPPC)rtunitN" to thank eveTr'c)ne a5SOLiated w'ith Number 8 in achievllig a SLILies5ful and credible ?024. Tony Roi% ley Chair of Trustees Page I
Plumber 8
ort of the Trustees
for the l'ear Ended 31 December 2(I24
Tlie Tnistees, 11.ho are a150 Ihe l)ireLII)rs {)[ the Ch1t, for the purposes of the Companiey ALt: are pleased to present theit
annual repon 10(Tether w ith the fmimLial statcnients of the charit): for the ):ear ended 31 si December ?0?4.
OB.rTr:CTIVES ALYD STRATEGIES
The c)bjeitiN'e5 of thc charity, are..
To advance the education of tlie piibli¢ im all aspeLts of dr<nllIL art and tiln] includiii£ the arts of drama: m ime, opera,
niusic: SlligFillLT
dance: palEitin and photograph5".
The deTr'elopment of publ ic appreLlatic)n ol suLh arl b), thL provision of an arts centre aiid oallern- and tkie preseniaiion of
public pcrlortnanLLS.
To tiirther the SOL ial and culnLral i"elfare of Pershc)re and its hintci1id and N'isitors 10 the area.
'rhe charit¥, lias a oerieral aiin ot. coniribuiing ro rb¢ qualit), of life of Ihe p¢ople ot Pcrsliore and w-ider area by expandino
their h0ri70ns throiJJ% ] the provision of eKciiino challenoing and accessible Lommunity, arts eN'enL%.
I'he strate¥ies emplo5'ed to achieve the chariti"'g objeciive.s are to:
Offer cippur(uniliLS lor ll bro<id rangTe ot- people to partic ipate in arts aciiN'ity' ai)d eNplore Ilieir 011 n Lreaiive pi)w Lis.
Pro.Ide facilities for amaieur and prolessional artists tu dci'clop. Pershore Operatic and Draniatic Society" are Ihe
resi(leiii amilteur tompanj. and usc spaces for rehearsal and perf'orniance.
Conceiitraie 011 invi)IN'"i112 N'oun
-h partiLipatori' actiN'ities such as workshops atid exhibiiiori
¥ peopl¢ in Lhl arts throuL,
proj¢¢tS to hilp ciicourauc a ciilmre in Nl'hich dittereni acje raniTr¢S plai. a complementarN part.
Celebrate the diN'er.%ir)' of cultures in Ol soiiety, b! programmin(v
presentaiion.s b): and Nvork- fr()m arti.srs of diff¢rent
Cultural bacLorounds.
Preseiic a broad raiiue of arti i%:ork.
The main arLas of activit!; arc: stau£ pcrt"om]ances Lind concerts: film sLrieninLTrS, evcnt Linenia SLfLening5, educatioiial
prftgrammes <1n<l art exhibitions. ThL prouranime aims to achieve a niix of the art% Ic) £UlL a ran
Nunil)er 8 ort of the Tru.ste¢s for the l'ear Ended 31 Deceiiiber 2024 In addition lo audiiorium el'eiits: snialler-5Lale events and aCtI.1t]eS :ere held in The Fo!:er performanve 4PaLe; %how'¢&sing Up-aiid-coniirig local perforn)ers, aiid giwing Ihe publiL the oppi)riunil)' tu dllL:nd frL'L aclivities and events. These included a series ot- 11 Fol'er Folk ni¢Trhts, Ii'iih aliendLeS 01600; a 11:ritin(y SlioM;case, Sing-Alongb, regular Readers, Group Tn¢cttngTS, exhibition prev-iew"s: Sip &. Skeich afternoons: and I I l.antsuaiTe Cafes Iliih attcndanccs (if oN'ci 600: plus inforinal m eeiinvs 0 I Ii)Lal I(, phvloJdph}' and l(tn¥uage groups: eic. Number 8's auditorium progranirne in 20?4 included a Ii'ide vari¢t5' of events, J7 differeni evenl cincma titles, and 116 differeni filnis. Live evciits iucludcd thL thcatre prodiictions HavIshn aiid River Toiirs: The Seven), sraiid-up comedJ- shvlNs Jo Caultield - Here Comei Trouble and FUNI IN:ith Barbara Nice: and theatre produLtiony targLtcd at childiLn and tamilie£ such as Rhubarb I"heatre's fllidini. Che5tLr and Cardboard carnii.al -The Carnival of the Animal%. Muqic hicfhliohts included MidM"iriter a classic<21 concen atid a screeriing lif IFie classic silelll film Saletv Laslf With a live Sloie frc) Orcheiira of Ihe SIN', folk gijL7s frum Tannahill WcavLrs, the tributL LOLILerts Lipstick on Tr"our Collar and WesiEnders: Les Miz Ma(Tj( &, The Nl'orld's CJreatest NIIisiLals: Brenton Il'est & Raj Bisram's shoH' It's Newer Too l.ate: 3 peIf()rle incorporatin(F mubic and danlc Iiom Li15&111(0 T(¥0. Our re£ident aniat¢ur ¢c)mpank' Per%hcire ()peratiL and Dramatic Socicts- put on Ii"eek-_lono runs ot. their productions 7scilla: Queen ot the Desert and the pantominie Puss in Boots. The societN: rehearsed regul<1, at Numbei ¥ throughout the l'ear and made use of thc stora{TC facilities for Ivardrobe and props: technicL21 t'acilities: equipn)ent and Bnx (ItTice and mark-etino %eniice% fc)r Iheir shc)H s. Nun]ber 8 continued to screen "orld-ClasS Theatre: ballet, and opera via satellite 11 ith seasons from the National Thcairc, The Rn)'al Ballei and Ro),1 (Iperd. AuLlienLes disLoicrcd niorc about great artists in the Eyliibition on Screen series: eiijoyed screeniiifjs of concerts froni Aiidre Rieu and Jona_s Kaufniaiin: W¢si End shuM'5 itLLludiDc, Kink) Buuts Ihe Musi¢al and Miss Sai&Tcin ?.ith Annivcrsap¥' Shoiv. A ?Oih AnniN"ersar): Celebraiion Ivas held in DeLember to mark Nuniber 8's ann iver_sary.. The Lentre hosied a number ol dilferent events ofcTanised b). e.xternal hircrs includiiig a Voices Unl imiled conLert, Pershore Jazz on a Summer's Dasr Persliore Floii"er Club's annual meetin?, and reTrular IJJA eN'enlS. Youno pec)ple's Valent as shoTh cased in Pershore OpLratiL and DratIL SoLiitN' Youth Section's production ot- Every"bods s Talkino About Jamie: Teen F.diiion: and in slioiN'.% from IoLal schoc)1s: aiid dance sLhoc)Is. Thcse productions gave the children and I'ouno people Lhe opportunit%" to eyperience performiii£ iii a professioi)al Il)eaire eniirc)tllnent Mith the usr ul NunibLI 8,5 lechnical laLilities sUPPOrt. Conimunii!- hircrs, school oroups, aIid reoistered cliarities all benefited from discounted hire raies. The ?024 tilm prooramrrie Ni"'a% dii'erse inLluding %creening.s of ¢riiiiall)' acLlaimecl titlcs suLh as OppcnhLimei, The IloldoN er5: Iiiid Mc)nke)' m. doLunientiWN' M-ilding: Britisli filnis iiicliidiiiL All of Us Strarigers: I'lie Great F_scap¢r. ar)d Wicked Little l_eiter>, ¢lassiu5 A Mailer of Life Deatli, and "rhe Red Shocs. foreiun lanoua(Fe titles included Ihe aNI-ard- I iEIL]illL French drama Anatoni}: of a Fic11, Bhutanese dratna Lunana: A YaK- in the Classroom: and the Danish filn] -rhe Promi%ed I.atid A niimber ot- tilmf taroeted at !-aunTrer audiences Ii'ere screeiied durinff school holidaK'g guch as Ingide Out 2, The Gartield Mow'ie, Mi)dna 2 IN(idi discounted ticket prices to niLike theni niore accessible ti)r t"an)ilies. School gri)ups aild bi)Tiie ediici1tors had Ihe opporiunitK 10 atiend tree sLrcLnings as part ot- thL Into Film Fes[1"al during :hiCh NuiTiber 8 held 3 free sLrceninus for schools and ch ildren be ing eduLaied at hnme, atieiided by 0,e[ 5()0 chilclrcn in toLIl. The pri)gramme lliiludcd [L¥ul& screenings ot. tilms li.ith subiitles for Ihose 14'iih h¢aring Ic)55: and p¢c)plc IviLh 5iLTht 1055 could access audio de£Lription, Ivith (he prc)I'ision of headsets: at sLiccniii(TS of tilnii f'or Nvhich audio descripiion Il-as available. I'he progJramtnL also included relaied screenings Th"here the cinema environment 'aS adapted tc) be mole 'elLum in¥ and <iccessible to people 11.ith L2dditlOF)al needs. Number 8's progranune of creaiive Lourse) ]d w.orkshops coniiniied to Ihrive in 20?4 Ii'iih aiiendances of over i500. C.ciurscs included sei'en M-eekli, C.h£ince 10 Daiice cla%ses fc)r Ihc)se aiye .i5- a Gcntlc Cliance to DLince cl£qSS tor Ihose iyiih healih condiiions, Ii'ho are rehabilitaiin¥: Dr haN'c a disabilitN" that impacts their mobiliis,: and one-oft ChancL 10 Dlle 'orkshops. Oiher aduli 11-orkshop included fil'e Pop Ljp Pdintlll4.F IN orkshops thenied around dit'ferent arti_Sl.% &iid & Fu%ed Ci)1sler Wvrkshop. MonLhlN' Sip &. SketLh at"ternooni look plaLe iri Tlie Fos'er dfe<l. -fbc5c frcr scssion5 Il'cic open to all, IFhether esiablished arti%is or ¢om,pl¢ie beiTrinner5. and offered a space 11.here people could get to?ether to dralv a siill life in an in.l()miiil sctting. Regiilar free Lan?ua?e Caf'es ?ai"e those k-een to learn anc)Iher lthuuasse diL opportiinits. to piactise their lanoiia?e %killts by ¢liattinbtr and min(ylini* in a 1ricnd1, Énvironment.
Nutnber 8 )ort of the Trustees for the Year Ended 31 Deeetnber ?024 Nunibcr 8's Reader's CJrnup expanded lo ttN'o Readers, Cyroups in 21}?4 to aLcoinmodate neil" members, ,]Lh each group meetirio i)n a mc)nthl!' basis. The ceiiire al%0 pla)'¢d host tc) regular UJA ialk-s arid <1 IdliLty ot- arts and leisure classes organised bw communits, hirers. Over fil-teen ditt-creiit comniunitt- hirer classes ran Iicckl), during term tinie, including ballet classes fnr Lhil(ITen, pilatcs: and yo?a clas.ses: a fv'outh thcatrc, and an art class, alnng with othcr n]onthli' classes, and one-oif w'vrkshops throughout Ili¢ N ear. The 2024 PrOgrMe also included A Celebration of NeN' W'ritin(y a project to dev¢lop and celebrate new. Ni'rlters including a perforniance of" the plaN' Dian: of a Badminton PlaN:er froni It'orLeSter-b4ld plaNM"riLiht SteTr-e Il'ilson: a PO¢tr%./sw)kcn ord .orkShop and a plas'ivriting .orkshOp, and ali event shoiN'cdiin¥ the Ii'ork created bN: the Th"orkshop P&lrtiLipants. Later in the year, folloii-iii? On f rom the suLLess of the project: a Wriiirig Your ImaiTination 'aS held. Local artists and craft people, both professional and amateur, wcre given the oppornn ity Ici 5hi)wLasL and sell their "ork til exhibitlOllS displaN ed in The Fo}'er Lc)ttcc e.Khibition and craft cabinet spaLCS. The ti024 pro(Framn)e fearured sixtLLn gallery and ien Lraft e.Khibitions shom'Lasin Iiork in a Vlet1, of different Iiiediums and artistic stj'les. Thc profjratnnie iniluded solo aiid group ¢xhibiiions, inLludlll¥ some that brou£ht togeihei Ihe urk ol groups ot artists sLich as ArtbpaLe. Feckeiiham Artisans: and the Pershore Ans eihibiiions, Number 8's Opcii cihibition shoNTr:cas¢d 'ork fron) 19 dit-fcrcni artlsts Ii'ho M ere alio offered the opportiiniti. to attend a preN"ieii- eveni ith Iheir ¥u¢5ts to celebrate the openinLTr of lh¢ exhibiiion, The 20?4 Scho(Jls ShO,laSe eKplored the theme ot 'Per.£hore Heriia4?e'. Number 8 comnii.qqioned art pravlitioiier: art hisi()ri and educator laggi Dai"is to delii:Lr M orksliops in tlie loLal schi)c)1s: Abbei Park Middle School; Orchard Prinian.. School: Eloli. RcdLLmLr Catholic PrimaTh' School. Si. Nicholds Church ot. Enoland Middle SLhool and Vali Ot- Evesham S<hool. 11-ork produced bN; the Lhildren %%'aJ thcii clhibited in an eiF)ibiiii)n in Nijmbcr 8.5 iTallery space. The sioung artlg1.5, their teach¢rs dnd P<inl5 11 ere invited to atlend a Preview Evrnt at Number 8. Overall ?024 Number S oft.er a I'aried pr()aMMe of arts and ciiltural eN'ent.% and activities desiuned to enter(ain, cducatu, aiid improl'e Ihe e1lbLu]¥ DI- tlie conimuiiiti", aloriTr Ni'ith the proi'isioii ot t-aciliiies, re.£oiirLes, and c)pportunitluS to support the developmeni ot artlsts and Lreaiive talcnt. Fundraising Aciii'iiies Tn addicion to raiiing tund_s throuLTrh iickei income, IiirL charlies and ?aller)' inconie IhrouiT 8 raise) fiLn5 in l¥%'v other priniary" areas: Catcrii)g - Folloii;in(Tr on Irom a verN' suLcesstul l-ear in ?O?i; Nuniber 8,5 catcring aoain perfonned aboN'e buclgcied expeciaiion5. OnLe a4Tain: the Cottee Bar in pan1¢ul had ¢ltremelN: productiN'e -ear. fa. r e.xLeeding budLTet foreca.sts and cxpectations. l)ur Bar lakinc) lrl larueli, in line i¥'iih bud?eL bul a sli(Fhi doiintuni in overall aiieridanu¢ numbL'fi (to Ni'hiLh bar takin (?s directlN- track.) l irn ited income potential. Charirn: Shop - Niimber 8,5 Lharity. shop (Just After 8) coniintses to bc a very" usefiil contributor tc) the c)rgFanisation. As in Ihe prei'ious year: ?0?4 saiv less groii.th lh othcr arLas ot" the busines.s, 'Ihi5 is in part due to <2 rediiced niimber of tood quality., hi_oh-value donatioiis (and t'eii"er iienis tha(11 ere M orth sendiiio to auciinTh) from Ilie prcvious N'ear: a prablem faced bi a ITroi*iIio nLLiiiber of slii)ps in the cliciriti" sector. There Ivere also d small niimber ot uiiexpected: i)i)e_cill nlLlllIten](e and upkccp costs. That said: Ihe shop'5 eLlcLtic sclcction ot- ?ood.s and friLndly attnosphcre continue to dra. in mani. inrerested cuqtomers anLI it iemiiins a tirm fixture of NuTnbcr 8. h its charitable activiiies, Number Financial reTr'ie)I The 2024 fmancial pert'orniaiice li.as good and better Ihan expeLied given the lack of popular films for much of the 'ear. Oi'erLIII: IN'e ilLhievcd 41 Sllry)Iiis bet-ore deprec iaiion ()[ £3 j. l ?8 coniprisino a surplus of £20:1 i6 t-roni tlie .4rts Cenlre ancl a surplus of £ l4,972 from Ihe Charivv, Shop. This result was L5:979 ahcad ot bud(set. After depreciation Ch¥cS there Il'as a deticit of £(9:069): hich conipare.s (o a deficit of £{3:068) in ?02i. Thcre ere a nuiT)ber ()f c)n¢-vff it¢n]s ot" expeiidittir¢ in ?0)4 including £9,100 t.or rep¢ti.ntini, Ic Irollt ot the biiildi112 and £1:900 to addres5 Ni'ater leak.q from Ihe flai root-. As the buildin ¢ontinues lo acFe, li'e expeci 10 have to spend niorc on rcpairs atid niaintenance to the t~abric ot- the buildin Number 8 ) t-mancial gocql rerTiains li) reiurn to break" ei'en: after colerlnb bc)th nLcessat3' tiiiielN' rep(iirs Ic) Ihe f41bric of tlie buildino aiid depreLiation IharLFLg. Il-e I'ers- niuch hope 10 aLhieve this in ?0? j. Number 8 h£15 been m.ell niaiiaged financiallN' tluouohout its eiisteiice and cc)ntinucs to haN'e substaniial ca%h re%eTh'es hcld ¢0 buth secure &nd ii)N'est in its iuiuil.
4iiniber 8 ort of the Tru.stees for the Year,F.n(led 31 December ?024 Investment polici. and objeLtives Any invesimeni is made in dLLordaiice Ivith Ihe Rule.% of the charity &id bi the Trustees. The Tru.£tees bai:e a Lauiious attitudc to risk and do noi inve%it in SULh a M'aN' as Lould put capital ai ri.fik. Reserves policy Ca%h re.seiv¢s are hcld to cover wit-oreseeii operatl()Tial ¢c)St5: CSSClltial lllciintenciiice Coits, assei replacerY)eni, a.lid fcir funding new projecti or iiive%tnients in neil. tLLhllo)logics. The cash resern'es fi?ure at ) 1st I)LLCmbr 20?4 li'as £4?0:787 (31.st December 20?3 £366:8) l). Financial and Risk ftrlanagement Ohje¢tii es & Policies 'rh¢ Trustces hai'e a risk niaiiageni¢ni siraiegs. hich comprises= An annual revi¢ii' of the iisks the chariti, maN' taLe; Thc estsblishment of s}-ste(ns proiLdurLs to mitiuate those risks identified in Ihe plan; Tlie iniplemciitation of proLedure£ deqiTrned 10 mirtiniise anN' Potintial impact OTI the charitN' .shnuld those risks ryiaterialise. The statLLS Ot- Curreni miijThation aciions is rLPOrtcd to the Board on a regular basis. Our key operaiioiial risk5 are as l011014's- nur mosl iniportant risk: bN' t'ar, conriiiiies 10 be Ihe ai'<iilabilitN of sufticient Iiuiiibers ot" i-olunteers '][h apprupriaie skill sets. l)n Ihe d{)u-,S1dt. a lack of I"oliinteers Ivould resiriLI our abiliLy to offei the scrv'ices w.e currentl!, proi.'ide. -I"hLrL is ii1s0 &1 risk tliai IN'e are unable to capiialisL Oll llLIN" Opportunities Ihat arise. Depelldetti%' ciii Lei: mcnibers of staft= li.ith a tull Lomplement of staff the focus has beeii on developing neil." sthff to impro% e our operatin? re£ilience. As our buildilltr aLFL'S thL're is an increa.f in2 risk of unforeseen repair and maintenance Coits: :e have in place regular rriaintenance s¢hedule5 aiicl actiiity. A ke}, eleineni in the manarFemenl or fanciaL risk is the £eitin? of the reseTh'es pc)liLJ' its regular revieii" b} Tru51ecs. The trLlSt pui in the N"olunteers 11 ho handlc cash has been identif led a.s an aoceplahle risk b) thL Trusteei. STRUCTURE, COVERN.4NCE & IITANAGEMENT Nuniber 8 1% a Cornpan!. Llllllted bi Guarantee and a Reoj.stered Charitl:, manaiied l)v a Board of Truqtees: 11.ho Ineei quarterli, each Registered Compani. numher Rcgistered Charit!. nutnber Registered Office and pla¢¢ of business (Englaiid & 11 ales) 04?()()321 1089)01 8 Hioki Stre¢i, F'ershore. W'orcs. W'R10 L BG Ilelruitment and appointnient of nilTr" Trusitee5 Thc c.hair of the TtThstees is elected bN the Boaid of Trustees aiid. cc)risi%ienl 11 iih other TrusTees: reiires afier a peri()d (if i }'eari. Retirino TrustLCs maN bc re-elected ,.1[h the Lonsint of thL r£niainina Trustees. "4 LhLrL i%'ere the folloii-i112 chai)¢)¢s lu lh¢ Trustees: E Ilen MaN: IloneN'bunn - r¢si(Fned 3 April 2024 Mi¥hael AnrbonN' .4Enies- resioned 3 April ?0?4 Ann N(Llrcatigel() - appi)int¢d 14 Noi"eniber ?0?4 At tlie ei)d of ?()24. Number 8 had n4'eli'e Trustees each nf Ivhc)m a( ree to contribute £5 jii eenT of rhe cliariry, i¥'indiniF up. Pa¥e 5
Nunil)er 8 ort of the Trustees for the Year Ended 31 Deceiiiber 2024 Indllction & Training of Neiv Trustees NeNI' Trusiees undergo an orientaiion daj. to brief them on Iheir legal oblioation.% under char.iry' and compani, la1. the Lonteni ()[ the fvlcmordnduni and Articlei Ot. AssoLiation. the deLisic)n-m14 kinu processes, the business plan and recent tinancicil perforinaiic¢ of Ilie LhaFllI'_ I)uring thL induciion da), Ihe). 5,11] meet ke), staff menibers an.d oihLr 'IruslLes. Trusl¢es are enLoura¥¢d to attend appropriate ¢xiernal training events w'herL thcsL Ii'ill facilitate the undertaking ot. their role. Orgai)isational Structure Executive "I'he C.onipan!" has an E.xecuiive Conuiiitree Th:iih delegated po.er.¥ 10 manaije the day to day running of the business and fii)ancial affatrs of IF1¢ iompan>. "I'he E,x¢Lulii'L is Lhaired bl, AnIie Peebles. one of Ilie Elecutive I'riisl¢¢s, and inilud¢s a MAX of rrusiees, viiluntcers scnior paid statt.. "I'hL E-.ILLUliVL tnL¥ls n]onihlJ <uid thLir deliberatioiis are niinuied aiid aN'(iil&iblL tv Bu{d mimbLrs. -I-hi E.KcLuiii'c rLports in deiail ti) the B<)ard quarterly. Staff The stat't- teatn is api?oinied bi. Ihe Bnard of "I"ru5tLe5 and totals 7, i of Ii'hoiii Lire part-tinie. They mana?e Ihe pr(}i)ramrniiiiT MklIn¢) ()pgr(ttional: tll]i{lal. aIid adniinistratiN'e acijiyities c)r NumbLI 8. ThIN' 5UPPC)rted by I"olunteers. Volunteers Duriiig ?0?4, thLre 'l[l appro.KitnaiLI ??0 I"olutiteers, operaiirig 11.-iih in eN'eTh: area uf NumbLr ¥'s aLtivilics. Volunteer managers ot- the boy ottice, bar, coffee bar, fri)nt of Iioiise, and chL2ritN' shop meet qiiarterl), to discuss the dav-to-dai, needs, -ge.qiions anLI prc)blLms c)f these dep2L nments. The recoiTimendaiions Irc)m this man<lCFimint tc are then coiisidered b}-' the Executii'e ai)d i niplemenied as appropriate. RF.FF.RF.NCE AND ADMI_NISTIL4TIVE DETAILS Trustecs M A RoM"lei' Chair ot. the Board of Trusiees Peebles E,xecutlN'L Director - Chair (took 01-er froni Nl A Roii,lei' in DeLetnber) C J Tooth Executii'e Direcior - F'i.rianLe J DaniLls Excciitii'e Director - Arts A MLlfclL IIL)elo F.xecuiti'e Director K (ioddard MBE Execuiive DireLior S M Booth M J Ilc)dtres R Partridge M Pail %ev K IW"alion M Nvard W¥'¢havon District Coiincil I"epI'eseiitatii'e
Triumber 8 ort of the Trustees for the Tr"ear Ended 31 DeLemb¢r 2024 Independent examiner Aiiil. oody, Perri)1114uuse. 17 Bridlie SLit'et, PLrshore. Il'orcestershire, Mll l 0 1.4J Approved b}: order of Ihe Board of Trusiees on . Signed on behalf of the Board b).: M .4 Rom leN' _ Chair of Trusiees
Inde endcnt Eiaininer's Re ort to the Tru%tees of umber 8 IndepeIident examiner's report to the trustees of INumber 8 ('the Company,) I report to thc charih. trustees on m>, examinatinn of the acLounts of thc CompanN' for thc ycar cndcd J l Dcceiiibcr 2024. Responsibilities 2nd basis of report As the charitt s tru%ieei of Ihe Compan). (and aIso its direLtors for thc purposes of" compans- law) vou are responsible t-or Ihe prep{ItiOn of the accounts in accorLlance Ivith the reqiiirement% of the Companies Act 2006 ('thc ?006 Act, ). Elavillo batlified mvself thai Ihe accounis ot. lh¢ Compan). are not required 10 be audited under 16 of thc 2006 .4ct and are eligible r()r independent C.Xiiminatic)n: I rcport iii respect of MN" examiiiatioii of Jour chariry"'s acLI)Ullts as carried c)uf UndLI SLLtivn 145 ot- thc Charities Act 20 I l ('the ?0 I l Act,). In carry'inp out m}, examination I havL followLd thc DirLLtivns given b!: the Ch(, Conmiissicin under SeLtion l4fj{5) (b) ot the ?0 I l Act. Independent examiner's statement Sincc y'our chariTh"'s gross inconie exceeded £2iO,O()l) N'our eiaminer must be a menibei of a listed body. I can conf that I ani qiialified Ici undertakc IhL Lliatnilliilic)n bLLause I illn a re¥iJtered member ot- ACCA Ii'hich is oiie of tlie listed b(Idies. I have completed m}, examinaiic)n. l Lonfirni. that ni) mattels have conie to tn}. attention in co[eLt10n IN"ith Ihe examination iving tllL Lause to believe: aceouiitirio reLI)rd5 u ere noi kepi in respeLI (if tliL' Cornp}. as reqiiired bs, Section 386 of" the ?006 Act; or the accounts do noi accord vi'iih those reLords; or Ilie acLI)ullis di) n()t Ll)Impl!' Ii'iih the aLLountint7 rcqiJircniLiiti Ot Section i96 of the ?006 Act (>iher Ihan anp, requirement that Ihe accouiiis uive a Irue and Fair N-ieii- 11-hich is nul a mdiier LullsidLrLd 115 Piirl of llidependeni examinaiion- or the acLounts haN'e noi been prepared in a¢¢i)rdan¢¢ 11.ith the tnethods and piinciples of the Statement of RLcc)tnmLndLd PraLtiLL lor accouniing and reportinu b), cliarities (applicable to Lh(Wities prep¢wing Iheir 41LLI)unls in acLordanie Iviih the Finanlial Reportllii* Standard applicablc in tlie UK and Republic of Ireland (FRS 102)1. I ha.¢ no concerns and hai;e come aLross no othLr mattLrs in connection Iviih Ihe eNaminaiion to Ii'hich atieniion should be draii"Ii in thi% report in order ti) enable a pr()per uniler%randiiii.T ()[ thL accouiits to be reaclied. Lucy Il'aikins FCCA Aiimoods Perroit Hous¢ 17 BridLTe Strcet Persliore 'L)rLesleryhirL' 10 IAJ Dale: Page 8
uniber 8 Statenient of Financial ActlN'itie5 for ¢h¢ Year EDded 31 Deceniber 2024 31.1? ?4 UnreslriLILd tunds Restricted fund Tvlal tund funds Notes INC=O.IIF: Af4D ETr4DOWMENTS FRONI Donations and leoacies 2?,2.)8 18.628 Other tr&idiiig a¢ti&'ities In'eSlent inLvnie 569,337 62,337 15,318 j?4.4 j<) 10,9)3 Total 599,913 *99,913 i i4,()4() EXPENDITURE ON Raisin<F fund5 608,982 608.98? 5)7,108 YFT tNCOTrIE/(EXPELYDITURE} (9.069) (9,069) (J:U68} RECONCTLIATION OF FLINDS Tulal lunJs brouulit foni"&rd 2,049,?9? ?,049.?9? 2,Oi2.)60 TOTAL FUNDS CARRIf.D FORWAIID ?,040,223 ? 040.??3 ?.n49.?92
Number 8 Balance Sheet 31 Deceiiiber 2094 31.1? ?4 Total funds 31.12.2_3 Total tunds Unrestrict¢d funds Restricted fund FIXED ASSETS Tangib Ic asset.s 1,670,373 1,640,353 1,687. j?1 CUIUIENT ASSET. Stocks Debiors Cash ai bank and in hand 12 4,9?5 17,319 480,787 17.319 480,787 20,878 4)6.9jJ 0?,331 0•,331 4)3,161 CREDITORS Amoun1.% fallill duc Ivithin one )'e 14 (112,461) (11?.461) (91,390) NF.T CURRENT AS£iETS 389,870 389,87U i61.771 TOTAL A.S.SF.TS LESS CLfRRF.NT LIAHILITIES 2,1)41),??3 ?,040,?23 2.04l}.!l)? NET ASSETS 2,040.•?3 ?,040,773 1.049,? 92 FUND4i UnresiriLied funds 15 ?,040,??3 2.049.292 TOTAL FUND£) 2.040,?23 2.041),?9? Thc chariiable Lomp&in)' is entiiled tc) e.xLmption from audii under Seiiion 477 ot tlie CompaniL's Act ?OU6 for tlic N'ear ended 31 Deceniber ?024. The nienibers have not required the Lompan), to obiain an audit of its fiiiancial siatements t-or the 3'ear endcd J l Decetnber 20?4 ir) accI)rd&ce Il'ith £ecii()n 476 ot tlie C()IiipJniLs Aci ?006_ The Irustees ackiioii-led¥Te thL'ir re.£pon%ibilitlLS for ensurini) Lhdl tlie ch<2ritable LonipaiiN' keeps aLLountino records that coii)pl>' with Sectior)s J86 i87 of lh¢ Compthies Act 2006 and preparini) financial staiemenis IN'hiLh ojN"e a Irue and tair I'ieiv of the state of affairs of the Lhariiable compan}, at Ihe end of ¢ach ful(clI?1 l'ear and of its siirplus or detiLii for ¢aLb fu]aiicial S'e lll accorLlaiive i¥ith die requir¢m¢nts ot" Seciions )94 iiiid )9) and itrhiLh othenvise compl), Ii'ith the requirenients of the Conipaiiies ALI 21106 relaiin¢) 10 fanCIal statem¢nts: so tar as applicable to Ilie ch&rilable conipani' (b} The finaiicial slatenieiii.£ Ii'ere approved b5 Ihe Board ot" Tni%tees and autliorised loi issiie 011 and wLre signed on its bLhalt' b5;: Page 10
Niiniber 8 BalanLe Sheet- continued 31 December 20?4 M A Roi&'l ei, -l-riisiee C l Ti)01 stee Pai>e I I
Number 8 Cash Floii: Statement for the l'ear Ended 311)eLember ?024 31.1?.24 )1.12.23 Nc)les Cash flow"s frnm operating actii:ities Lilsh gLiigrated trom operatioris (7.184) Net cabh proi'id¢d bj {uscd in) opcr£lting aLiiviiies 4),54 (7,184) Ca_sh floiTr's frolll inTr'eStiD actiTr-ities PuTihas¢ cil IgIble tixed asset Sale ot, iangible fLxed asseis Interest IccciN'ed (7,U?g1 (4,410} 630 10.9)) Net cash proi'ided bw inN'LStlll%F (Illll'ities 8,?89 7,173 Challge in cash ¥ind cash equii'alents in the reportin% period Cash cash equiN'alents at the beginning of the r¢portin£ peri()d i3,834 (I i) 4?6,9*3 4?6.964 Cash and cash equiTr"alent.$ at the end i)f the re[)orling period 480,787 4?6 l))3
iuniber 8 Notes to the ca.sh Flom. .<itatement ror the Year Ended 31 Deceniber 2024 REcONCILI.TIoN OF NF.T EXPELNDITURE TO NET CA.SH FLOM: FRnll OPERATING ACTIVITIES 31.1? ?4 31.1??3 Net expenditure for the rcporliiig p¢rivd (a5 per the Statement of ,Financial Aclii'ities) -4dj ustnieiits for: Depreciaiion Lhargus Interest reLe li-ed I)ecre&%ei (incrcase) in stocks Decrease. (increase) in debiors InLrease (dcLrcasc} in crcditors (9,069) (3,068) 44,197 (li,318) I,IOi 49,9Q6 (1(1,9_7)} (3: (5,676} i7,071) 21,071 Net cash proi'ided bi"/{used in) operatiolls 7.184) ANALTr"SIS OF CHANC.E( TN NET FULND.S At 1.1 ?4 Cash floii: At 31.12.24 Net cash Cash at bdnk and in hand 4?6.9)3 43,834 480,787 4?6.93 480,787 Total 4?6.9.i3 480,787 Paoel)
umher 8
l¥otes to th¢ Financirfil statement.s
ror Ihe Year Ended 31 Decem ber ?024
ACCOUTr4TlING POLICIE
Ba_sis of preparing the financial statemellts
I'he fll]ancial statements of Ihe LhariTable compani.. Iihich is a public benefit tntitl. under FR£ 102, have bL:en
prepared in dllC)[d(Ce Ii'itli the Lliariti¢s SORP (FRS 10? ) 'A¢Lvunlinu aiid Reporiiri& bj, Chl[leS. Siaiement of
Recommended Praciiie applicable to chariiies preparin(F thcir accounis in aLLordanLc w'ith the Financial Reportin
Siandard applicable in tlie LIK aiid Republic ot treland (FRS I O)
-) (cffcctii'e l Jaiiuary
?V19)': Flll(Incial Reporting
SLindard 102 'The Financial KLporting STandard applicablL in thL LK L2nd Republic of Irclaiid, aiid the Compani¢s
Act ?006. The fll]ancial statement.q have been prepared under the hisloiiLal cost coiii'ention.
IncoThie
All inconie is reLI)gni%ed in thc Statement ot" Financial ActiN'ities once the Charii), has entitlement to the fund%. 11 is
probable Ihal the llicome ill be reueikcd the aInowii cari be mc41Surid reliabli,.
All inLome (inLludinLT voliinrarn. donati{)Ds} is alloLared to the general fund unless otherni.ise re.%iricted b). doiior or
SPLLificall!' desioiiated b), thL -l-rustLCS.
Resiricted lund) arL t-unds 'hiLlI the d()nc)r SPL'cificall!' restricted the puryose t.or li.hich Ihei, Can bc used. The
amount iii the%e fund.s reprL5cnts thL monies still ai-ailabLL for future ei'penditure.
De5igmated funds are fund5 th
Tr*iiniber 8 Notes to the Fin&incial Statenients - continued for the Year F.nded 31 December ?024 ACC-oiJf%iTING POLICIES- continued Stocks Sto¢ks dlc Vi¥lu¢d at the low.er of cost arid rieL r¢ali%abl¢ I'alue; after 11]aking diie allowaiice for c)bsolei¥ (Ind s1vw' moving iiems. Taxation Tlie Lhariti. is e_xenipt troin corporaiion lax nn lis Lhariiable aCti,tles. Fund aciounting Unresiricted fund% Lan be u.%ed in acLordancc NTr'ith tlie chariiable objeLtiN'es at the disLietion of thL trustees. Rcstricted tiiiids Lan onl}, be used [()[ particular rcstricted piirposes M:ithin the objecls of the Ch1t}.. Rcstrictions arise Ii'hLn SPLLifiLd bl. the donor or IN"hen ndS are rai.%ed fc)r particular restricred purposes. I urther explatiation ot- the nattire and purpc)se of each fund is included in the notes ta the finanLial statements. Pension co.sts 2nd other post-retiremellt benefits The C"haritN' Lharit<ib le conipaii!- operates a defined Loni.ribiJlic)n pcnsion sclienie. Coniribution.s paN"ahle to (he Charitr-'s 'pen%ion sch¢m¢ are ch&ed to the Statement ot" Fill}Cial Aciii'iiie5 in IhL piiivd lu IvhiLh Ihey" rel<2te. Cvrants received Graiiis rLceii'Èd are it)cluded in i.tlcvminu r¢sourLcs Ii"hLn thcN' are reLeiN'ed. Donations Donaiions fLLLivLd arc included in iiicotT) ing resourLes IN'hcn tlic}' arc rcceived. DONATIONS AND LEGACIES 31.12 ?4 31.]?.23 l)onations (irants Fuiid raisin2 ilo 18.6?8 G[t5 receiN'ed. iTILluded in Ihe aboi'e, are as full0's. 31.12?4 -31.12.:3 Lnncr WTheel Schools Exhibilivn Ekni Icy FoiindLltion (Crealii'e Iiritin 400 37. 1,000 60 250 -310 Piluc 15
Nutnber 8 Notes to ¢h¢ Financial .(itateellts - continued for the Year Ended 31 December ?U?4 OTHF.R TRA_t)ITrlG ACTIVITIES 31.12.24 31.1?.23 Charitw" shop income Latering Films. box office & live ¢v¢nt Space hire F"ilm,'bruLhure adi'ertisiiiu Fxh ibiiinn hire and ionunission -orkshops Merihandising and vouchLr salc Q)nline booking fees 31,89) 167,997 280,7?2 l55.191 2i5.612 30,991 j,659 3,943 3,434 29,848 6,97 9,817 25,699 6,445 7.87) 6?,337 524.459 INvrs'rMEf4T INCOINIE 31.12.94 31.12?) Deposit account interesi 15,318 10,9)3 R.AISINC. FLIN DS Other trading aLtivities 31.17 ?4 31.12.2i Openingv sioLk Purch&%es Closing stoLk Catering Charit}, sliop expeiise_% Suppori LOSts 5J30 190,71? (4 92>) 61,410 16,923 33S,83? 5.008 16f 8?4 {5:330) 3?0.)91 608,98? ji7,108 Pa¥)e 16
Nuijiber 8 Notes to the Financial Stat¢men¢s- colltinued for the Year Ended 31 December ?024 SIIPPORT CO.ST_Gi Nlanagement Fir)ance Tc)lals Oiher trading ailll'ities 6,190 338,83? ,NET INC011{xyEf4DITUKE) Net incc)me'(expeuclitiJrL) is stated atter chargino (crediting): 31.1? ?4 DepreLiaiion - oivned asseis 44,197 49,904 TRU.£•TF,F..S' RELNIUP4ERATiofN AND BF.NFFITS There H'ere no trustecs. rcmuncration or oiher benefits for the J'ear ended 31 December ?024 nor t.or Ihe y.ear ended i l DeLember ?0?1. Trust¢es' expenses There 11.eie no 3 l Deceinber 202J. trustL'I'S c.Kpcnscs paid for the N'ear ended 31 DLLcmbcrLO?4 nor for the N:ear ended STAFF COSTS 3 J.1? ?4 31.12?3 lfv.ages and salaries Social security, Costs (-)Iher pensioin LIISIS 160.509 8.47? 11),2.18 I80.97 17? 18? TF)e ai:era(ye mi)nthli: number of einploN:ees durin2 the N'ear was a.s (c)Ilc)NVs 31.12.?4 31.12?j No emplo}:ees receii.ed emolument5 in e.xcess ot- £60,000. Page 17
P4umber 8 Not¢s ¢0 the filldDLidl statement.s - continued for the Year Ei)ded 31 Deceniber ?024 10. COMPAIL4TIVES FOR THE STATEtWlF.NT OF FINANCIAL ACTIVITIE.S Unre5triLtL'd tunds Restiicted tund Total funds IIryC:OME Af4D ENDOIVMEL¥TS FRONI Donaiions and le2aci¢s l8,6?8 18.628 OihLr tradiiig actii.'ities Invegimeiii itLLvme 5?4.4)9 10.93 j?4,4)9 Total ii4,1)41) -i.fj4,040 EXPENDITLTRE ON 11.%iniV funds i57.108 557.108 NET TNCOMri(r.XPENDITURE) (.J,068) (J,068) RECONC,ILIATION OF FIINDS Tulal fuiids biou£Fht t-orn'ard 2.()i2.J60 TOTAL FU,D5 CARRIED FORNVARD ?.049.?9? ? 049.ty92 TANC.IBLF. FLXED AS<iETS Lon2 temi fiitures Lca5chvld iiiiproN'en1¢n{ Refiirbisliments Ai l Jaiiuary, 20?4 -Qdditions 108,307 1,907,233 Ai J l DeLembLr 2U•4 13,724 ,907 733 DEPRECIATION 5,)14 1,103 362,89? 19.?63 Char2e for N:¢ar 7,)8? .4t ) l DcLLmbLr 2024 6,617 382,14) NET BOOK VALUE .Qt 31 Deceniber ?0" ?O,lJ.3 ,j2*.078 Ai 31 December 21)• 2.Oi6 1.-744.341 Page 18
Nun)ber 8 Note5 to the Fiiiancial .Statement5 - Iolltiiiued for the l'ear Ended 31 Deceiiiber ?024 TANCIBLF. FIXF.D ASSF.T.S- continued Digitallsouiid & offiLe cquipinent l. urniture & tiyrure Ti)tals 2It l JanLl<l1)- 20)4 AdditiOTIS 103,504 1.100 177,8?0 i12 2a19,434 7,0*9 At 31 December 2024 104,604 173,33• 2,3?6,463 DEPRF.CIATIO.N Jlt l January. 20?4 Chariye for 'e I54,01)6 4,809 631,913 44,197 11,440 At 31 December 20?4 70,967 158,90 676,110 TrIET BOOK VALUE .4t 311)eieniber 20#4 33.637 14,4?7 .6iO,3i3 .ffji 31 Deceniber ?0?3 18.7•4 1.687,-721 12. STVC.KS 31.1? ?4 31.12.23 Stocks 13. DFBTORS: AlOUNT FALLING DUE MIITHIN ONF. I"F.AR 31.12.24 31.12.2i Tiadc debtors F'repa!"rYienis 3,1)07 14,31? 17,319 ?0,878 Paoe 19
Numher 8 Notes to the Financial Statements - continued ror the Year Ended 31 December 2074 CREDITORS: AMoifNTS FAI.LIP4G DUE H'ITHIN ONF YEAR 31.12 ?4 Trade Creditors Si)Lial 5ciurit)' atid other taxes VAT ()Ili¢r ¢rcditors Evcnt hire holdinTr a¢Lount CJalLery' Lraft holdinu account Delerred iiiei)me ALLrucd e.xpcnses 20,648 4,237 10,95? 3,910 20,-i16 10,123 10,883 I,493 6n3 41.766 73,71 33,699 14,739 112,461 15. MOVEMENT IN FlJf4D<i Net movemeiit in lunds jl.l?.24 Unrestricted fund.% General fund 9.049 ?9? {9:069} ? U41),223 TOTAL FUND. 2.049,?9? (9,V69) 2.040,??3 Net nioverrien t in lunds. lllc luded in Ihe abi)I'e are as IL)IIoii-s Incomlllu resoiirces Re.siiurLe e.KpLndLd Mo)venit'nt in tuiids UnrestriLted fun(] GLnLral tiind 599.913 (608,982) (9,069) TOTAL FIJNI)4i 99,913 (608,98? ) (9,069) CoD]paratives for moi'ement in funds Nel moveryient in tuiid Ai Ilnre5tricted fund5 Geiieral fund 2,Oi?.360 (),068) ? 049,292 TOTAL FUND<i ?.0i?,360 i,068) 2.049,?9? Page ?0
Nuniber 8 Notes to the Financial Statem¢nt.s- continued for tlie Year Ended 31 December 2024 MOVF.IWIF.NT IN FUNDS - continued Comparaiive net movenicnt in funds, inLluded in Ihe abovL are as t-ollows: InLnining rcsources Resources expended Movemenl in tunds UDrestriLted funds (ieiieral tund ii4,040 (.).i7,108) (3.068) TOTAL FUND5 554,040 i57:108) 3.068) A current F:ear 12 monihs and prior N-ear l ? monih.s Lombined position is as t"olloii;s: Nct mnvemeni iii fund AT Ai 1.1 ?3 lJn restricted fund.s Geiieral fund ?,Oi?.J60 (12,137) 2,040,223 TOTAL FUNDS 12:li7) 2.040.??) A current l'ear 12 nion(hs and pric)i }'ear l? t-oll0.: nioiith% cornbined nei movenient in turids, inLluded in Ihe aboN'e i?re as InLc)n]inu r¢sourLes Resources e,Kpended McivLment in funds UiirestriL'te(l ft'unds GLiieral tund 1.15",9i_3 (1,166.090) (l? 1_)7) TOTAL FUNI)S 1_151 C))3 (1.166,090) (1? 137) Page21
Number 8 Notes to the Financial Statenients- continued for the l'ear Ended 31 Decetnber ?024 16. RELATED PARTY DISCLOSIIRES There w ere no related partj. tTansactiuiis t-or thL s'Lar ended i l Dccembcr 20?4. Page ??