ROSE THEATRE TRUST
(Limited by guarantee)
Registered company 2288919
Registered charity 1095145
Trustees. Annual Report
including Directors, Report
31 July2024

Trustees. Report
The Trustees,who are also Dlrettors of the Charityforthe pU￿oSe5 ofthe CompanlesA¢ submlttheirAnnual Report
and unauditsd Finanaal Statements for the year ended 31 July 2024.
The flnanclal statements have been prepared in accordance wlth the accounting polides set out in note I to the
financial statements and comply with the charitys governfing documenL the Companfies Art 2006 and 'Accounting
and Reporttng by Charltles: Ststement of Recommended Prartlce - A¢¢ountlng and Reportln8 by Charitles (SORP
(FRS102), second edldon Issued In January 2019)".
Name of charlty
Rose Theatre Tn￿t
Charlty re8lstratloD number
109514S
Company reglstratlon number
2288919
Trustees and Dlrectors
Kathy Dacre [Chair]
Mlchael Brlerley
Adam Cooke (appolnted 18 September 2024)
Loulse Doughty
Slmon Hughes
Peter Jolly
Rona Kelly (reslgned 26 January 2024]
Danlelle Salvadorl (reslgned 6 Au8USt 2024)
Chrlstopher Smlth
Patrick Spottlswoode
Roy Stephenson
Marfska Th￿ne
Carole Wanless
Company Secretary
Tristsn Prlce
Realstered Office
56 Park Street
ndon
SEI 9AR
Independent Ex4mlner
Counterculture Partnershlp LLP
Unit 115 Ducle House
Dude Street
Manchester
Ml 2lW
Structure. governance and nMnagement
The Rose Theatre Tn￿t Is a charltsble company limited by guarantee and was Incorporated on 23 August 1988 and
rÈ8iStèred k chstrity on 20 DeeÈmbÈr 2002. The chari￿$ governing docvmont Is its MernorJndum and Artlclos of
Assocladon approved on 16 November 2023.

Trustees, Report (continued)
New Trustees are invited to join the board b&sed on theirskllls. knowledge. and experience in fields whlch will asslst
in the fllrtheraD￿ of the objectives of the charity. They are appolnted by malorityvote of the Trustee5.
ObJecUves and acdvfjtles
The oblertlves of the charlty are to:
to preserve the remalns of the Rose Theatre In the London Borough of Southwark and make them accesslble
to the public,.
to advance the general education of the publlc concernlng the history of the Rose Theatre and theatres and
dramas In the relbrns of Queen Ellzabeth l and King lames l of England.
A￿￿eveMents and perfornwice
Extenslve structural reconstructlon and refurb15hment of the Rose Court office block was completed towards the
end of the last financial year. Thls has enabled the Trust to brfng the hlstorlc slte back to the standard requlred for
events such as open days.
The maln focus of the Trust durlng the year under revlew has been to plan for ralslng funds that wlll enable It to
commence the work on reallslng the Rose Revealed proJecL Thls prole¢ through a comblnadon of archaeology,
conservatlon. bulldlng and deslgn. wlll create a vlsltor centre and perforniance space on the slte of the playhouse In
support of our obJertEves. The T￿st took dellvery of a fully costed projert reporL Includlng an archaeolo8lcal and
structural appralsal at the end of July 2023. Thts workpn)vldes a flnn basls on whlch to plan for the future and gtves
clarlty on next steps and relatsd cost and thnlng&
Practlcal work durlng the year has made the slte flt for use by the Frlends supportgroup, the publlc and occaslonal
Internal meetlngs. The Frlends of the Rose were able to revAve thetr planned events and tlckets were put on sale for
a seventh Readathon In September 2024.
An Inaugural Annual Rose Lerture. funded by an anonymous donor and organtsed by the TrusL was held at South
Bank Unlverslty. Slr Greg Doran dellvered a mastsrful address on Tltus Andronlcus to a lar8e Ilve audlence as well
as sI￿lficant numbers attendln8 remotely. Durfing the year, the Trust contlnued wlth an extenslve programme of
well-attended Zoom weblnars on a wfide range of toplcs Ilnked to the Rose and Its hlstorlcal perlod. These events
were also as a mean$ of malntalnlng the engagement of our supporters, IncludlDg many from overseas. who are not
able to attend events at The Rose In person. Taken together, thls programme of events celebrates the local, natlonal,
and Internatlonal Importance of the Rose slt&
The Rose has condnued Its collaboratlon wlth London South Bank Unlverslry In developlng an audlo trall. Thls
trail wlll tske members of the publlc on a self-guided circular walk starting and endlng at the Rose Playhouse. The
audlo experfence explores the hlstorlc envlronment on Bankslde at the dme when the playhouse was
operatin& The alm Is to brtrAg members of the publlc to the playhouse at a tlme when It Is not yet posslble to create
a new experience for them on-￿te. The Rose has had advfice and ftnanclal backlng from the local Business
Improvement Dlstrlrt company. Better Bankslde. who are helplng to develop buslnes5 contarts for further ￿ndIng.
Initial verslons of the software were terted during the year and an enhan￿d version produced The current aitn Is
to launch the audio trail in early 2025.
The board contlnues to be supported by an Advfisory Council consisting of a wide range of indlvlduals (including ex-
tntstees and representatlves from partneroryanSsatlons). The Board are gratefvl to the members of the Advlsory

Trustees, Report [continuedJ
Council fortheir commitmentto the Tn￿t and for their supportand advice. One trustee, Rona Kelly, retlred due to ill
health durlng the year. The board 55 very grateful for her contrlbution to the TrusL
Fln3nclal revlew
For the flnanclal yearto 31 July 2024 there was a defidt of expenditure over Income of £26,212 (2023: deflcit of
16.039). This deficit was a result of the Trust incurring expendlture on developing its capacity to ralse funds for the
Rose Revealed prolert and In brlnglng the slte of the Rose to the standard required for publlc events. A major
donatlon recelved in Febn￿ry 2023 was not repeatsd In 2024, leading to a significant reduction In Income.
The Trustees are grate￿1 for all those who donated or supported the Trusts revenue actSvlUes durlng the year. Net
assets at 31 July 2024 were £44,332 (2023: £70.544).
Reserveg pollcy
All funds are currently unrestrlrted. The Trust alms to ensure Its work In looklng after the remalns of the Rose
Theatre Is protected from the rlsk of dlsrupdon at short notlce due to a lack of funds. its pollcy Is to hold reserves
representlng at least slx months average expendlture over the past two flnanclal years. The board conslders this
provldes sufflclent tlme to attrart addltlonal donatlons In¢rease revenue through actlvlties and events or reduce
expendlture.
Rlsk management
The key rlsks fadng the Trust are consolldated In the Trust's Rlsk Reglstsr. The Board perlodlcally revlews these
rlsks and challenges whether the major rSsks to whlch the charlty Is exposed contlnue to be properly Identifled,
revlewed, and evaluated so that the necessary steps can be taken to manage and mltlgate these rlsks.
Outlook
The fully-costed project revlew referred to above provlded the basls for the board to prosecute tts strategy for the
Rose Revealed prolecL It has begun to seek out the substantlal sponsorshlp and new sources of Income needed to
brlng the prolert to a successful concluslon. The Tn￿t has Invested In materlal needed to support the fundralslng
campalgn and Is already In communlcation wlth varlous Interested parties and stakeholders.
An element of the Trus¥s strategy is to engage wlth potentlal US fvndralsers and plan to ralse the profile of the
project with key stakeholders, Includlng the Folger Llbrary and theatrlcal supporters. In preparation for thls Dame
ludl Dench has recorded a powerful message ofsupport for the projecL
Statement of Trustees, Responslbll ties
Company law requlres the Trustees to prepare Flnanclal Statements for each finandal year, whlth glve a true and
fair view of the state of affafirs of the company and of the excess of Income over eXpendI￿re for that perlod. In
preparADg those Financlal Statements, the Trustees are requlred to:
select suitable accounting polides and then applythem consistently,
make judgments and esdmates that are reasonable and pNden¢
state whether appllcable accounting standards and statements of recommended practlce have been
followed, subjettto aty matertal deparrures disdosed and Wiathed in the FllIanth￿ statements:

Statement of Trustee4 Responslbll ties (continued)
prepare the Flnanaal Statements on the going concern basis unless it is finappropriate to presume that the
Charity wtll contlnue in operation.
The Tntstees are responslble for keeping accounting record5 that disclose wlth reasonable accuracy the finandal
posltlon of the cornpany and enable them to ensure that the Ffinanclal Statements comply with the Companles Act
2006. They have general responsibility for tsking such steps as are reasonably open to them to safeguard the assets
of the company and to prevent and detect frdud and other irregularttles.
Slgned on behalf of the board
K Dacre
Trustee
21 November 2024

Independent Exam Report to the Trustees on the unaudited Accounts of Rose
Theatre Trust
I report to the charlty trltstees on my examlnation of the accounts of the charitsble company for the year ended
31 July 2024.
Responslbllltles and basls of report
The Trustees. who are also DIrert0￿ of the Charlty for the purposes of the Companies A¢ are responslble for the
preparation of the accounts in accordance wlth the requlrements of the Companles Art 2006 ('the 2006 ACV).
The flnanclal statements have been prepared In accordance wlth the accountlng pollcles set out In note I to the
financlal statements and comply the charlty's governlng documenL the Companies Act 2006 and "Accountlng
and Reportlng by Charltles: Statement of Recommended Practlce - Accounttng and Reporting by Charfdes (SORP
[FRS102). second edltlon Issued in january 2019)".
Havlng sadsfled myself that the accounts of the Company are not requlred to be audlted for this year under Part 16
of the 2006 Act and are ellglble for Independent examlnatlon, I report In respert of my examlnatlon ofyour charftys
accounts as carrled out under sertlon 145 of the Charltles Act 2011 ("the 2011 Acw). In carrylng out my examlnatlon,
I have followed the Dlrectlons 8lven by the Charlty Commlsslon (under sectlon 145(5)0)) of the 2011 ACL
Independent examlnerfs statement
I have completed my &YamlnatloTh I conflrni that no materfal matters have come to my attentlon whlch glves me
cause to belleve that:
accoundng records were not kept In accordance wlth sertlon 386 of the Companles Art 2006,. or
the accounts do not accord wlth such records; or
the accounts do not comply with the relevant accountlng requlrements under sectlon 396 ofthe Companles
Act 2006 other than any requlrement that the accounts glve a 'trne and falrf vtew whlch Is not a matter
onsldered as part of an Independent examlnatlon; or
the accounts have not been prepared In accordance wlth the Charftles SORP IFRS102).
I have no concerns and have come across no other matters In connectlon wlth the examlnadon to whlch attentlon
Should be drawn In th15 report In order to enable a proper understandlng of the accounts to be reache
Tom Wllcox
Counterculture Parthership LLP
Unit 115 Ducie House
Dude Street
Manchester
Ml 2lW

Statement of financial activities (Inthdlng Income & expenditure account)
Fortheyearended 31 2024
Note
Total
Unrestricted ￿ndS
Incorne from:
Grants and donatlons
Other trading actiTAdes
Interest Income
11,105
6,007
997
64,530
5,418
994
Total Income
18,109
70,942
Expendlture on:
Ralslng funds
Charltable artlvltles
7.885
36,436
8.563
78.418
Totsl resources expended
44,321
86,981
Net Income/(expendltur•)
(26,212)
(16,0393
Netmovernent In fiwds;
Balances brought forward
70,544
86,583
Balances carrled forward
44.332
70.544
All actlvltles relate to contlnulng operatlons. The statement of flnandal
artlvltles also complles wlth the requlrements for an Income and
expendlture account underthe Companles Act 2006.

Balance Sheet
at 31 lu* 2024
Registered company 2288919
Note
Totsl
Totsl
Flxed assets
Computer equlpment
1,163
CurreDtassets
Debtors and prepayments
Cash at bank and In hand
3,629
3,456
104 327
46.229
107,783
Credltors: amounts fallln8 due withln one year
Net current assets
Net assets
44,332
70,544
Totsl unre5tr1rted funds
44,332
70,544
For the year ended 31 July 2024, the company was entltled to exemptton from audlt under secdon 477 of the
Companles Art 2006 relatlng to Small companles and Its members have not requlred the company to obtaln an audlt
of Its flnanclal statements for the year In questlon In accordance Sectton 476.
The Dlrectors acknowledge thelr responslbllltles ftlr cOmpl￿ng wlth the requlrernents of the Art wlth respect to
accounting records and the preparatlon of flnanclal statements. The flnanclal statements have been prepared In
accordance wlth the provlslons appllcable to cornpanies subject to the small companles, reglme.
These flnanclal statements syere approved by the Trustees on 21 November 2024 and authorlsed for Issue slgned on
thelr behalf by:
K Dacre
Dlrertor
P Jolly
Dlrector
M Brlerley IWX . C.
Director
21 November 2024

Notes
{forniing part of the Financial Ststsmentsj
l. Accountlngpolldes
The followingaccountingpoliaes havebeen applied consistendyln dealingwith items which areconslderedmaterial
In relatlon to the Charitys Financial Statements
Basls of preparddon
The flnanclal ststements have been prepared In accordance wlth the charltable compan￿$ memorandum and artlcles
of assoclatlon, the Charltl¢s Act 2011 and °Accountlng and Reporting by Charlties: Ststement of Recommended
Prdctice - Accountlng and Reportlng by CharStie5 (SORP (FRS102), second edltlon Issued In lanuary 2019)" the
Flnandal Reportlng Standard appltcable In the UK and Republlc of Ireland (FRS 102) and the Companles Act 2006.
The flnandal statements have been prepared under the hlstorlca] cost convendon. Assets and Ilabllltles are InldaIly
recO￿lised at hlstorlca] cost or transactton value unless otherwlse stated In the relevant accountEng pollcy note(s).
Golng concern bas15
The trustees have prepared analyses whlch show that the tharAty remalns a golng concern due to Income-produclng
onllne events, modest regular cash outhows. anddpated donatlon4 and a suffldent level of cash reseryes. The
trustees wlll contlnue to closely monltor and mana8e cash flow and belleve that the re5erve5 wlll be malntalned at a
level to condnue as a goln8 con￿rn.
Incoth8 reiource
Cash donatlons are recognlsed on recelpt Donatlons are grossed up for the tsx recelvable, The tax recoverable Is
accounted for as a debtor untll the Charfty re￿IVeS the amount Involved.
Investment Income ts recogntsed on a recelwable basts.
Resources expended
All expendlture Is Induded on an accruals basls and Is recogntsed when there Is a legal or construttlve obllgatlon to
pay for Its expendlture. All costs have been dlretdy attrlbuted or proportlonally charged to the funrtlonal categorles
of resources expended In the SOFA. Expendlture Indudes any VAT which cannot be fully recovered and Is reported
as part of the expendlture to whlch ts relate&
Charltsble expendltyre comprlses those costs Incurred by the charlty In the dellvery of Its artivlties and servlces. It
Includes both costs that can be allocated dlrertlytosuch actlvltles and those Indlrertcosts necessaryto supportthem.
Flxed assets
Tanglble flxed assets are InltlaIly measured at cost and subsequently measured at cost or valuatlon, net of
depreciatlon and any Impalnnent losses. Depreclatlon Is recognlsed so as to wrlte off the cost or valuatlon of assets
less thelr resldual values overthelr useful lfves. IT equlpment ts depredated over 2 years,
'The galn orloss arlslng on the dlsposal of an asset Is deternilned as the dlffereDce between the sale proceeds and the
carrying value of the asset and is credited or tharged to surplus or deflclL
Remuneratlon of Trustees
None of the T￿￿eeS re￿Ived aJJy remuneration in respect of the flnandalyearended 31 luly2024 (2023 NII). During
the year no expenses were relrnbuned to T￿￿ (2023 Nil).
No Trustee or other person related to the tharlty had any petSODal interest in any contract or transactlon entered
Into bythe charity during the year (2023: Nil).

Notes [continuedJ
(fonnin8 part of the Flnancial Statements)
The Trust carrles the cost of a t￿￿e indemnfity Insuran￿ policy.
Staff numbers and costs
No person was employed by the Charlty durlng the year. However, one person has been assistlng the Charlty on a
freelance basts and the costs of thls are included under Fundraising expenditure and Theatrlcal and support
Serv1￿5.
2. Income from grants and donatlons
Donailons
Frlends, subscrlptlons
9,106
1,999
62,590
1.940
64.530
3. Income from other tradlD8 artlvlde8
Income from theatrlcal events
Other tradlng Income
5,347
660
6,007
5,341
77
5,418
4. Cost of ralsln8 fundl
Cost of theatrlcal events
Fundralslng expendlture
1,178
556
8,007
7,885
S. Charltsble artlvltles
Professional support to the Rose Revealed projert
Archltertural servlces
Insurance
Local authorlty premlses Ilcen
ICT
Alarn] costs
Elertrlclty
Repalrs and expensed equlpment
Health & safety
Adminlstration and support serAces
Website maintenance and other publlc relatlons
Development of Audlo App
Office expenses
Independent examlnerfs fee
Depredatlon
Bank Cha￿eS and booklng fees
30,384
4.239
2.220
70
1.327
2,355
504
12,918
2,248
14,271
1,219
500
2,549
940
3,585
2,223
70
4.271
1,279
367
Z93
4,538
15.534
846
1,000
289
878
494
769

Notes (contlnuedj
(fOrn￿ng part of the Financlai Ststements)
6. Flxed assets: computer equlpment
Cost at l January 2024
Acquisitions
Cost at 31 December 2024
1,657
1,657
Accurnulated depredatton at l January 2024
Depreciatlon In the year
Accumulated depredadon at 31 December 2024
494
494
Net book value I january 2024
Net book value 31 December 2024
1,163
7. Debtors and prepayments
Trade debtors
Glft Ald reclalm
Prepa￿ents
1.616
665
17
2.774
3,456
2.013
3,629
B. Credltors: amounts hllln8 due wlthln one year
Trnde creditor5
Accruals and deferred Income
VAT payable
36,299
862
78
2,840
220
9. Related party transaLllons
There have been no related party transactlons In the reportlng perlod that
requlre dlsdosure.
io