Company re8istration numlKr: 04838508
Charity registration number.. 1099868
The Quay Theatre at Sudbury
(A company limited by 8uaranter)
At)nvai Retx)rt and Financial Siatements
for the Year Ended 30 Apiil 2025
IAmbert Chapman LLP
3 Warners Mill
Silks Way
Braintree
Essex
CM7 3G8

The Quvdy Theatre 4t Sudbury
Contents
Rcfcrence and Administrative Details
TNstees' Report
2to5
Ststernent of Trustees, R¢sFN)nsibilitie5
Independent Examtnevs Report
7t08
Statement of Financial Activitie5
B￿an¢¢ Sheet
Ioto 11
Not¢s to th¢ Financial Statements
12to26

The Quay Theatre at Sudbury
Reference and Administrative Detai
Trysteei
EJCole
P W Press
J Blat¢h
A R Willson
M Barratt
JASmith
R G Vitley
J Bla￿h
Seeret8ry
Charity Registration Numb¢r
1099868
Compgny RegAstr8tion Nwmber
04838508
The charity is inCor￿￿ted Én England and Wales.
Quay Lane
Sudbury
Suffolk
COIO 2AN
R¢gi$tered Offjee
IDd¢pelldeDt EAatyiDer
Mark Pearson FCA
Lambert Chapman LLP
3 Wamers Mill
Silk5 Way
Braitjtree
Essex
CM7 3GB
Page I

The Quay Theatre at Sudbury
Trusteesl Report
The trustee5. who are direetors for the purwses of Company law. present the annual report tO8ether with the fir￿n¢t81
statements of the charitabl¢ company for the year ended 30 April 2025.
Objectives *nd 4ctivities
Objects ond4Tinf
The Th¢atTe is a Company Limited by Guarantee and is gov¢med by the Memorandum and Articles of Association
upon its incotyoration on 19 July 2003 and 15 a Ghanty. re815teTed with the Chariry Commission and its aims and
objectives ar¢ set out in its Memorandum and Articles of Association.
The charity is a rurnl theatre and arts c¢ntre locatcd in a Grade 2 List¢d building in Sudbury, Suffolk.
Th¢ Quay Th¢atr¢ provides seryi¢¢s to Sudbury and the surrounding aw with a mixed programme of aEnat¢ur ond
professional drama. musi¢, comedy and film. It also offers ILYe 5treamin8 of National Th¢8tre. Royal Opera House and
other shows that our lo￿1 audienc¢ may not normally have the opportuniry to experien¢¢.
It 8150 provides a base for youth 8roups, 8 5umTner stage school and a rK)mmunity venue ￿ed by lo¢al group5 and
ressdents.
Pmblic benefit
The Trustees have r¢ferred to the guidance contained in the Charity Commission's g¢nerdl guidance on publi¢ benefit
when revi¢win8 our aims ond objectives and in planning oui future activities.
Thc trustee5 confinn that they have ¢¢)mplied wÈth the requirements of se¢tion 17 of the ChaTiti¢s Act 2011 to have due
regard to the public benefit guidance published by the Charity Commission for England and Wales.
Use olv01￿￿1ee
The theatre has the advants8e of havin8 a group of around 30 volunteers who contribute by monntng the Box Offic
88rdening. on the bar and front of house, thereby easing OT¥J enhaD¢ing the experience of visi¢or5 and ¢4LStomers.
By making them welcom¢ on visits ensuring theÈT ¢omfort and safety. they interact with the community to provide an
essentia] servi¢¢ to the theatre and gei theÉr own job satisfaction for their efforts.
Th¢ Charity also offers free troinin8 to volunteers on subjects such as First Aid and Saf¢guardin8.
AebievemeDts 4nd performance
In the year. the theatre hosted 220 perfom)ances (125 different shows), Selling a totsl of 14,478 seats
Audience nwnbers were dightly down on the previous year. mainly due to our cornmitm¢nt to providin8 a diveF5e ran8¢
of acts which has. during th¢ year. seen dram4 rnusiq comedy. perfonnances for Children, history tslks, str¢amed ballet
and opern ond personal appearances.
A5 well as professional acts. these perfomian¢es have in¢luded prLKluctions by the gudbury omateur dramatic and
musical so¢ieij¢$, school& the the￿re'S own young people's drama clas5¢s (Comets and Nova$) and other arnatt￿r
groups.
The th￿tre is also used by many local Clubs in¢ludin8 rhess, playreading and geveral U3A group5.
The Trustees would like to thank our mcmb¢rs of staff and volunteers for their hard work agwn over the last year when
many changes have Oc¢u￿¢d. Their profes5ionali$m reflects on the theatre itself for whi¢h we receive frequent positiv¢
cornments from visiting perfomius and wdiences alik¢.
Page 2

The Quay Therdtre at Sudbury
Trustees, Report
FinAnel#l review
Th¢ Trnstees discuss the financial perfomw￿e at Board rneding. Ehlring the year, the the4tre changed the
accounting softwar¢ that had been used and the n¢w Financ¢ Manager has ensured that the whole system fvnctiOll5 well
and can produce multiple r¢p(xts for the Board.
As can be seen from the accounts, the ¢harity makes an annual loss from the theatre operations (in ￿mmon with just
about ￿1 regional theatres) bu¢ is able to ¢xist on overdraft facilitie5 if required.
During the year, the theatrc r¢¢¢ived gt*nt fundin8 from Suffolk Cotmty Council. B8bergh District Coun¢il and Sudbury
Town Council. a5 w¢ll as other smaller amounts from individuals.
Pollry on reserva
Whilst the Trustees aim would like to hold re5ervrs to cover a period of operatÉn8 costs this has not been p)ssibl¢.
Taking inio actoullt the level of funds that are tt¢d up in fixed assets or advance iid(et sales, the Charity ¢urrently ha5
newiv¢ available funds of £106,632.
As at the Balance Shert date, the fLnan¢ial s￿eMents are repx)rting unrestricted funds of £268,383 and restricted fi￿(L8
of £10,083.
The T￿Ste¢S will be WOTking hard to ¢nsure that the Charity incre4ses ih¢ amount of income that it makes from
unrestricÈed sources to improve the amount of available re5¢rves in futu]r periods.
Going eoncern
The financial statements have been prepared on a. going con¢ern' basis.
The Trustee5 h&v¢ assessed whether the use of 'goin8 concern, is appropriate i.e. wh¢ther there are any material
uncertainties related to ¢Yents or conditiot]s that may cast significant doubt on the ability of the ¢harity to ¢ontinue as a
going concern.
The Trustees Consider thai the value of the building itself is mor¢ th#n sutTicient to cover all liabilities.
During the year, there have been further c05t-savings which are starting to show through and the staff and Trustees are
Constantly looking at Wdys to b¢ more efficient but at low¢r costs.
The Trustets w¢ also working hard tts ensure th81 th¢ Charity increase5 the amount of income that it makes from 8rants
to improve the available reserves in future periods.
Trustees offJeer5
The tTUStres and offi¢ers seTYing during the year and since the year end as follows..
Page 3

The Quay Theatr¢ at Sudbury
Trustees, Report
Tru5tees.'
EJCole
P W Pre5S
P M Keogh {reSi￿¢d l May 2025)
J Blatch
A R Willson
M Barratt
T Smith (resigned 27 May 2024)
J A Smith lappoin*d 8 OctobEr 2025}
R G Viney (apwinted 8 October 2025)
S¢cretsry:
Blatch
Stru¢turfy governance 4nd m8nagem¢nt
The Theatre is a Limited Company by Gu8ratrtte and 15 8ov¢med by the M¢moranduEn and Articles of Association
upon its irt¢orporation on 19 July 2(M)3.
Recrnllmenl anduppolnlment f>Airusleex
The Arti¢lcs of Association states that there shall ￿ a Board with a minimum of 3 Directors (who Are entitled
'Trustee5') who will 8oYem the affairs of the ¢harity.
These Trusttts ar¢ unpaid volunteers and at>y per￿￿ th¢ r4uisite skills may be¢ome a Trustee. Having Shown an
interesL prospective new Trustees are interviewrd by at least 2 members of the Board to assess their suitsbiltty and
5ks11s. They are then invifyl to attcnd 3 Board meetings, after which they make fornhal application to be a Trustee
and this 15 then voted on by a simple majority of the Trustees present and votin8.
Orgahls4Flionulstrtsethre
The Quay Theatre is under the control of the Board who meet approximately 5ix-weekly tts receive rq>orts curr¢nl
p¢rforniance and to deal with matt¢rs affecting th¢ governance of the theatr¢ and its fa¢ilitie5.
Dunn8 the y¢&r, the Board of Trwstees delegated the [llar￿gement of thr operation5 to a Management Team consisting
of the Theatre Manager. H¢ad of Production and Finance MatLa8rr who are all employed on hourly contracts.
In addition to these persons. the theatre ha5 a fiyther three part-time staff and a contlngent of volunte¢rs.
Page 4

The Quydy Theatre at Sudbury
Trustees, Report
Majorrlsks ¢Tndnwn•7gemehi ofihose
Considerali£Ju ofriskg
The TnJ5tees rncet approximately six.weekly to discuss all i&%ues and take action5 &c¢ordin8ly and are fully aware of
the fad that havin8 only 124 seats blrt needing io fvnuion in the saffte way as do laT8er venues, making a profit froTn
tickets and bar sal¢s do¢s not always cover ¢osts.
Audaence numbers liave remained good with many perfomunces (mainly musidtribute bands) haying at or near full
hous¢s. Bar receipts have been go(NJ throughout th¢ year.
Whilst there are some g¢nr¢s that do not ath¢t1orge numbers, th¢ Trustees are 8watt th* the theatre's off¢rin8S should
span a good ran8e of perfomianees, not jyst aim at having fihll houses, so that they give optx)rtuntties for entettsLnment
to the wtder community. However. th¢ Tru5tee5 are also ¢on5cious that the￿ has to be a balance when rnaking these
choices and $0 progrdmming is done with both considerdtions mind.
One major 'custom¢r' is Sudbury Dramati¢ So¢iety who guanntee 30 days hire o y¢8r and who pay as a 'dry hire, i.e.
the theatrr rec¢ives a set Sum how¢v¢r many there are in the audience. There have been Yarious issues between us and
the Board look¢d into what tnight happen financially. should the agreement break down and are satisfied that th¢r¢
could be suffjcient a¢ts to fill those day5 artd if the theatre produced theÈr own pgnto, it would mak¢ far more than
currently.
As the finances show that there alr no r￿ryeS and that th¢ charity is makin8 an atmua] operniin8 Ios5. thc need for
makÉn8 applications for grants is Vltal and the trusttts hav¢ recently had a new trustee join the Board vhLO has in-depth
experien¢e of Strategy and bids for 8fdllt5. as have ttvo other volunte¢rs.
The Trustee5 have identified various requirements, both for revenue and capital proje¢ts, and these are being pursued by
a small t¢am consistin8 of the above.
Programmin8 for each season had been undertaken by the then Int¢rim Executive Director but a5 this arr8n8ernent
ended in November 2024 and the Board have contracted with an external person who has vast experience Èn the theatre.
The cost of this is unlikely to be any fflore than that which would have been rhorged by the fomi¢r Inl¢aim Exccutive
Director.
The anrtual report w&s appmed by the ttustees of the charity on..... .. .. .
its behalf by:
.. and s18T￿d on
A R Willson
Trusie¢
M Barratt
Tntstee
Page 5

The Quay Theatre at Sudbury
ststement of Trustees, Responsibilities
The trustees (who are also the dire¢tOES of The Quay Theatre at Sudbury for the purposes of comwdny lawl are
responsible for preparing the trustee5' report and the financial Statements in ac¢ordance with applicable law and United
Kingdom Accounting Stat]dards (United Kingdom Generdlly A¢¢epted Accounting Practice), in¢luding FRS 102 "Th¢
Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland"
CoTnpany law requires the tn]stees to prepare financial statements for each ftnancial year. Under company law the
tn]stee$ MU￿ not approve the financial statements unless they are 5atrsfied that they give a true and fair view of the stale
of affairs of the ¢haritable company and of the incoming resour¢e5 and application of resour¢ES. including ils inctsme
and expenditur< of the charitabl¢ company for that period. In preparing these financial 5taternents. the tru5t¢es are
required to..
select suitsble accounting poli¢ies and apply them wisi5t¢ntly'
observe the m¢thods and principl¢s in the Chtirities SORP;
make jvdgettlents and estimates that are reasonable and pNdent"
state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any maierial
departures disclosed and explained in the financial $tatements- and
prepare the flnancial statements on the going conc¢m basis ullless it is inappropriate to presume that the ¢haritsbl¢
company will continue in busint&s.
The tru$tees are responsible for keeping proper a￿o￿n11ng records that Can disclose with reasonable a¢Guracy at any
tiiiie the fLnancial position of the ¢haritable company and ¢nable them to ensure ihat the finaJJcial statem¢nts romply
with the Coinpanies Act 2006. They are a150 responsible for Safeguarding the assets of the charÈrable company and
hence for taking rwonable 5teP5 for th¢ prevention and detection of fraud and other irr¢gularities.
The trusteES are responsible for the mainten4n¢e and integrity of the corporate and fjnancial infomation included on the
charitable company's website. Legislation goyerning the preparttion and dissemination of financial statemetjts may
differ from legislation in other jurisdictions.
Approved by th4tnistees of ih¢ charity on ............
A R Willson
Trustee
M Barratt
Trustee
Page 6

The Quay Theatre at Sudbury
Independent Examiner's ReEM)rt to the trustees of The Quay Theatre at Sudbury ('the
Company,)
I reportto the charity trusttt5 on my examination of the accounts of the Cconpany for the year e￿Ied 30 April 2025.
Re$p)nslbllitae5 8nd b*si$ of report
As the charity's thjstres of th¢ Company (and also tts dire¢tors for the purposes of ¢0M￿nY law) you are r¢sp)nsible
for the preparation of the accounts in a¢cordance with the requirements of the CompanTeS A¢t 2006 ('the 2006 Act,).
Havin8 satisfied myself that the accowits of the Company are noi required to be oudited under Part 16 of th¢ 2006 Act
and are eligible for independent ¢xamination. I report in respECt of my examination of your charity's ac¢ounts as carried
out under section 145 tsf the Charities A¢t 2011 {'the 2011 Act.). In Carrying out my examination I have foll(Trwed the
Dir¢ctions givth by the Charity commi￿10n under section 145(SMb) of the 2011 Act.
IDdepeDdent ¢xomiTrer's 8tatemernt- matter of coDcern ideDtlfied
Since the Company's gros5 income ¢x¢e¢ded £250,000 your examiner must be a member of a body listed in section 145
of the 2011 A¢t. I confirni thai l om qualifled to undertake the examination b¢cause l am a member of Institute of
Chartered A¢countants in England and Wales IICAEW), whidi 15 one of th¢ listed bodies.
I have completed my examinatton. I have identified matter5 of concern that need to be reported on as follows:
Altknu8h the financial stat¢ments show that the Charity has LM￿Stricted funds amounting to £268,383, it is noted that
the majority of the funds are tid up in fixed assets so there are no 'available' unrestricted reserv¢$ at the balance sheet
date. The Charity is ¢ontinuin8 to implrtnent cost saving measure, at]d increase sale8 which h85 been efftctivc in the
current year.
I ¢onfirni that no other mattm havr come to my attention in connection with thc eXam[r￿tion giving me re&qonable
use to believe that in any material respect:
accounting re¢ords were not kept Iti respect of The Quay TheAtre ￿ Sudbury 8s required by section 386 Of the
2006 A¢L' or
2. the accounts do rjot accord with those record5. or
3. the account$ do not comply with the accounting requirements of section 396 of the 2006 Act other than any
requirement that the a¢¢ounts give a 'true and fair view, whieh is not a matter considered as part of an indcpendent
examination: or
4. the accounts have noi ken prepared in accordance with the methods and pnnctples of the Ststement of
Recommended Practice for ￿cOUntIng and reporting by charitie5 lapplicable to charities preparin8 their accounts
in a¢¢ordance with th¢ Fioan¢ial ReFd)rtin8 Standard applicable in the UK and Republic of Ireland (FRS 102)].
l ¢onfimL that there ar¢ no other matters to Mthich your attention should bE drawn to enable a ptoper understanding of
the accounts to be r￿hed.
Page 7

The Quay Theatre at Sudbury
Independent EJaminer's Re￿rt to the trustees of The QUAY Theatre #t Sudbury ('the
Company,)
,k PLthGon
Mark Pearson FCA
Lambert Chapman LLP
3 Warners Mill
Silks Way
Brdintree
Essex
CM7 3GB
Pa8e 8

The Quay Theatre at Sudbury
Statement of Financial Activiti￿ for the Year Ended 30 April 2025
(Including Income and Expenditure Aeeount and Statement of Total Recognised Gains and
Losses)
Unrostrlcted
fund5
R•strit¢¢d
Total
2025
Totsl
2024
JYt)t*
Income and Endowmellts frnm:
Donattons and legacies
Charitable octivities
(Xh¢r tradir]g activities
Jrtve5ttnent income
Other income
48.824
60,988
277.540
6,990
55.814
60.988
277,540
37.614
43.641
253,252
181
4.688
2,039
2,039
Total income
389.392
6,990
396.382
339.376
Expenditure ON:
Raising fvnds
Ch8ritsbl¢ activities
(248.017)
(148.533)
{248,017)
(149.114)
(226.935)
(173,598)
(581)
Total exp¢nditure
1396,550
5811
(397.131)
{400,533)
Net (expenditureyÈncome
Transfer5 behveen fund5
(7.158)
3.896
6.409
(3,8961
(749)
(61.157)
N¢t movement in
{3,262)
2.513
(749)
(61.157)
Rec•Deili8tion of funds
Total fijnds brought forward
271.645
7,570
279,215
340.372
Total Carried forward
23
268.383
10,083
278.466
279.215
All of the charity's activities derive from etsntinuing operations during the above Iwo periods.
The hjnds br¢akdown for 2024 1$ shown in note 23.
The notes OEi pa8e$ 12 to 26 fomi an int¢gral of these financial statements.
Page 9

The Quay Theglre at Sudbury
(Registration number 04838508)
Balance Sheet as at 30 April 2025
2025
2024
Note
ixed Assets
Intangible assets
Tangible assets
1.971
372.215
2,256
377.257
17
374.186
-379.513
Cwrrent
Stocks
D¢btors
Cash ai bank a￿j in hand
18
12IM
13,295
3,053
4,319
10,750
28,265
17.552
43.334
Creditors: Amounts fglllne dtht witbiD OB¢ y¢8r
et Current liAbilities
20
(97272
{124.926
179,720
(81,592
TotAI assets less ¢urreMt1S#bilities
294.466
297.921
Creditors: Amounts falling d￿e sfter than one ye8r
Net *Mets
21
16,000
18,706
278,466
279,215
Funds of tbe chgtlty:
Restricted income fu￿d$
Restricted funds
23
10.083
7.570
Unrestricted Socome
Utvestri¢ied fimds
268,383
271.645
Total funds
23
278,466
279.215
For the finanGia] year ending 30 April 2025 the ¢harity was entitleAJ to exemption from audit under section 477 of the
Companies Act 2(K)6 relating to small companie5.
DiTeCtors' responsibilities..
The members have not required the tharity to obtwn an audit of its accow)ts for the year in qu¢s¢ion in accordance
with sedion 476; and
The directors ?¢knowledge their responsibilities for complying with the requÈrements of the Act with re5pe¢t to
arKountin8 records al￿ the pr¢paraiion of accounts.
The notes on page5 12 to 26 fomi an integral part of these fitwicial Statements.
Page 10

The Quay Theatre at Sudbury
(ReEiStr2tion number: 04838508)
Balanee Sheet as at 30 April 2025
The fJnan¢ial statcments on pag¢$ 9 to 26 were approved by the trustees. and authorised for issue on
l(•ff . and 5i8ned on their behalf by:
A R Willson
Trustee
M Barrntt
Trustee
The notes on pages 12 to 26 fornj an int¢grnl part of the5¢ finan¢ial statements.
Pag¢ll

The Quay Theatre at Sudbury
Notes to the Financial Statements for the Year Ended 30 April 2025
I Charity status
Th¢ ¢harity is limited by 8uarantee, incorporated in England and Wale5. and cons¢qu¢ntly does not have share capital.
Each of the trustees is liable to Contribute an amount not exceeding £1 t0￿rdS the assets of the charity in the event of
liquidation.
Th¢ address of its r¢gi$ter¢d oiflce is..
Quay LAne
Sudbury
Suffolk
COIO 2AN
2 AccouDtillg politi
Summary of $ignific8n¢ *ceouDtiDg polieie$ key *CCOUDting estim¥t
The principal accounting poliri¢s applied in the preparation of these financia] statements are set out below. Thes¢
policies have been consistently applied to all the years presente(L unless otherwise stat&l.
Statement of tompliance
The financial Statements have b¢en prepared in accordanc¢ with A¢countin8 and Reporting by Charities: Ststemeni of
Recommended Pta¢tice (applicable io Charities preparing iheir aceounts in accordan¢£ with the Financial Rewrting
Stsndard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019} - Icharities SORP IFRS
102)). the Finan¢ial Reportin8 Standard Applioble in the UK and R¢public of Ireland (FRS 102) and the Companies Act
2006.
Bgsis of prep4rnti0
The Quay Theatre at Sudbury me¢ts the definition of a public benefit entity under FRS 102. A5S¢t5 and liabilities are
inittally reco8nised at historical cost or transaction value unless (therwise stated in the ￿1¢yant accounting P(Flicy notes.
G¢>ing coneern
The financial st￿eMents have be¢n preparcd on a 8oin8 eon¢¢m basis.
The tnLSt¢es assess whether the use of going concern is appropriate i.e. whether the￿ are any material UEJ¢ertainties
related to events or condiiions that may e&st significant doubt on the ability of the charity io ¢ontinue as a going
¢onttm. The trustees make this as8essm¢ni in respect of a period of one ye4r from the dat¢ of approY81 of the finan¢ial
Statements ond are happy that th¢y have sufficient assets to continue trdding.
Judg¢m¢Jbts
Ap￿t from those judgements involving cstimations, the management team hav¢ not madt any jud8ements in the P￿￿eSS
of applying the entity's a¢¢ounting policies that have a 5i8nificant effe¢t on the amourts recognis¢d ir] the accounts.
Page 12

The Qurdy Theatre at Sudbury
Notes to the Financial Statements for the Year Ended 30 April 2025
Key s(trur¢es of estimation uneert#inty
There are no key as5umption$ coRcert]ing the fuittre or key sOU￿e$ of estimation uncertainty at the ￿porting date that
have a significant risk of ¢ausin8 a matertal adjusttnetrt to th¢ ¢arrying Atnounts of assets and liabilities within the next
reportiiig period.
Ineome e￿d0￿mellts
All income is recogrtised once th¢ ch￿lty has entÉtlem¢nt to the income, it 1$ probable that the income will be re¢¢ived
and the amoutlt of the in¢ome receivable can be measured reliably.
Donts#ons dndleg4eia
Donations are recogtlised when th¢ charity ha5 been notified in writin8 of knth the amount 8t￿ settlement date. tn the
event that a donation is subject to conditions thal ie4uire a level of perf0m￿nCe by the chortty before the charity is
entitl￿ to the funds, the it]come is def¢￿ed and not recognIs￿ until e2th¢r those conditions ar¢ fully mel or the
fulfjlment of those conditions 1$ wholly within th¢ control of the charity and it 15 probable that these conditions will be
fijlfilled in th¢ reporting peTiOd.
Graftts receiwible
GTants are rccogniKd when the charity has an entitlement to the fijnds and any conditions link&1 to the grants have bcen
met. Whtte performance wndrtions are attached to the 8fdnt and are yet to be meL The incon]e is recognisd as a
liability and in¢luded on the balanc¢ sheet as deferred income to be released.
her 4ckirfdeJ
Income is also Teceived from fund raising events such as entejtsinment events 8Dd bar sa]es and this is recognised as
eamed.
Iwveslmehi income
Divid¢nds are recognised once the divid¢nd has been de¢lared and notification has be¢n reeeived of the dividend due.
Chon'koble ac¢lvliies
Income from ¢haritsble activities incI￿]eS rent received from th¢ letting of non investment property tn fithrance of th¢
charitable purpose.
Expendlture
l eX￿nditUre Is ￿0goISed once th¢re is a legal or ¢onstructiYe obligation to that expenditur¢ it is probable
settlement is required a￿d the amount can be mwured reliably. All Costs are allocated to the applicable expendit
heading that aggregate similar costs to that ¢ategory.
These are ¢osts ineurred in attracting Yoluntary income and thos¢ inGurred in trading a¢tivitie5 that raise fijnds.
Ch4rlthble udivilies
Charitable expenditure comprises those ¢osts incurred by the charity in th¢ delivery of tts acliviti¢s and Servi￿ for its
nefictaries. It include5 both Losts that ean be allocatcd directly to such activities and those costs of an tndirect nature
n¢c¢ssary to support them.
Page 13

The Quay Theatre at Sudbury
Notes to the Finallcial St#tements for the Year Ended 30 April 2025
Goyernance eo$ts
These include the costs attributable to the charity'$ ¢ompliance with ¢onstitutionaJ and ststutory requirements, in¢ludin8
indep¢ndeni examination fees and other legal aTh] professional ¢xpen5eS.
Gov¢rnmeNt gr*Dts
Govcmm¢ot graiits are recognised based on the ocerual model and are me4sured at th¢ fair value of the asset r¢ceiv¢d or
receivable. Grant5 are ¢I￿ifIed as relating either to revenue or to assets. Grnnts ielatin8 to revenu¢ are reco8tJis£d in
income over the period whiGh the related ¢osts are recognised. Grants relating to assets are recognised over th¢
expect¢d useful life of th¢ a5seL Whcre part of a 8rant relating to a55et is deferred. it IS Tecognised as deferyed
income.
Taxatio
Th¢ tharity is con$idered to pass the tests set oul in Parngraph I Schedule 6 of the Finance A¢t 2010 and therefore il
meets the defjtjition of a charttable company for UK corporation tsx purp(>se5. A￿ordinglY. the charity 15 Potentially
exempt from tsxation in T￿pect of income or capital gains received within categories covered by Chapter 3 Part I l of
the Corporation TAX Act 2010 or Scction 256 of the T&Nation of Chargeable Gains Act 1992. to the extent that such
income or gains are applied ¢x¢lusively to ¢haritsble purposes.
Int*ngibl¢ a#5ets
Intangible assets are stated in the Balance Sheet at cost less a¢tsJmulated amortisation and impaimw]L They are
amortiscd on a straight line basis ovpA their estimat¢d useful lives.
T8ngibl¢ fixed As8ets
Individual fjxed assets costtng £100 or more are initially recorded at ¢05t. less any subsequent accuMul￿ed depreciation
and subs¢quent accumulated impairment lossts.
Amortts#¢io
Amortisation is provided on inthn8ible fix¢d assets so as to writr off the cos( less any e5timat¢d residual valu¢ over
thetr expected use￿1 eeollomic lif¢ as follows..
Asset cl4ss
Other inwiwble asset
Amorti58tton method rgtt
IOYO Strai8ht line
D¢preclAtjOn and *mortis#tioD
Depreciation is provided on tangible fixed aS￿ts 50 as to WTite off the cost or valuation. less any estirnated residual
value. over their expethd u5efi]l ¢¢ollomic life as follows..
Asset cl8SS
Equipment
Ftxtures and fittings
Freehold property
D¢preciatioD method rate
200/0 reducing balan¢e
200h redu¢ing balance
No depreciation Charg
S¢ock
Sto¢k is valued at the lower of cost and estimated selling pri¢¢ l¢ss costs to compl¢te and sell, after due regard for
obsolete and Slow rnovin8 Stocks. C05t 15 detemiined u5in8 the firsi-in. first-¢)ut (FtFO).
Page 14

The Quay Theatre at Sudbury
Notes to the Financial Statements for the Year Ended 30 April 2025
Trade debtors
Trade deb¢ors are amounts due from customrr5 for merchandise sold or s￿ice$ perfomied in the orditwy wutse of
business.
Trade debtors are reeogni$ed initially at the transaction price. They are subsequently me&sured at amortised cost usir]g
the effectivc interest mctho(L less provision for impairnient. A provision for the impairment of trade 4Jebtors is
established when there is objecttve evid¢nce that th¢ charity will not bc able to wllect all amounts due ac¢ording to the
original terms of the receivables.
C45h aDd equivalents
Cash and cash e4uivJlents comprise ¢osh on hand and oll deposits.
Trade ereditors
Trade creditors are obligations to pay for goods or s¢rvi¢es that have been acqtsired in the orditjary course of business
from suppliers. Accounts payable are classified as ¢UTrent liabilities If the ¢harity does not have an unconditional right.
at the end of the reporting period, to defer s¢ttl¢menl of th¢ creditor for ￿ least twelv¢ months after the reportiog date. If
there is an unconditiona] right to def¢r %ttlement for at ￿￿t ttvelve months after the r¢p)rting date, they are presented
85 non-¢utTent liabilities.
Trade CFedttors are re¢ognised initially it th¢ tsansaction price and 5ubsequ¢ntly measured at amortised cost wsin8 the
effective interest method.
Fund Strueture
Unre5tri¢ted income funds g¢ncral fijnds that are available for use at the tnjstees discretion in furtherance of the
objeciives of the Charity.
Desi8llOted income fi]nds are those which hav¢ been sp¢¢ifi¢ally design￿ed by the Trnstee5 for a particul3r PUTpose, as
detailed fi￿her in Note 23.
Restri¢ted ineome funds are those donated for use in a particular area or for specific purpos¢& the use of whith is
restricted io that area or purpose. These are also dctailed fijrther in Not¢ 23.
F¢￿s1Ott8 and other PDJ¢ retirejnent obligation$
The charity opetates a defin¢d contribution pension scheme whtch is a pension plan under which fixed ￿ntribUtiOnS are
paid into a pension fimd and the ¢harity has no legal or constructive obligation to pay further contributions even tf the
Jnd does not hold suffici¢nt a55ets to pay all employees the benefits relatjDg to employe¢ service in the current and
prior periods.
Page 15

The Quay Theatre Ydt Sudbury
Notes to the FillaAbeial St&tements for the Yur Ended 30 April 2025
3 Incotne frnm donatioDs aud legacie5
UDrestrieted
fuDds
Geieral
Restrieted
funds
Totsl
2025
Totsl
21124
Donations and legacies.
Appeals & Donations
Donations- General
Grants, including capitsl 8r8nts.
GraTrts
2.000
2,000
20.544
20,544
5.614
28280
4,990
33,270
32,¢N)O
48,824
6,990
55,814
37,614
4 Incom¢ from ebarltsble 8etlvltle5
Unrestrict￿1
f*nds
CeD¢rnl
Restrieted
funds
Total
2025
Totsl
2024
Rents Received
Auditorium
Costume Department
Geoff Kisby R(M)m
Jetty
Quay Theatre Hire
35.520
5,400
546
18.488
1.034
35,520
5,400
546
18.488
1.034
22,535
5,400
440
13.491
1.775
60,988
60,988
43,641
S Ineome from otbeT tr•d5*g A£tiviti¢$
Unre5tri¢ted
fvnd5
GenerAI
Restrieted
fuDd5
TotAI
funds
Tolal
2024
Trading income.
Bar Sales
Kiosk Sales
Entertainment Events
Education Events- Swnmer Schools
Educational Events- Workshops
77,813
25
191,461
5,915
2J26
77,813
25
85,078
246
157,991
191.461
5,915
2.326
9.937
277.540
277,540
253,252
Pag¢ 16

The Quay Theatre at Sudbury
Notu to the Finaneigl Statements for the Ye¥dr Ended 30 April 2025
6 Investment incom¢
Unr¢strleted
funds
Gener•1
Re8trieted
funds
Tot*1
2024
2025
Interest receivable and similar incorn¢,'
Interest receivable on bank deposits
7 Other incom¢
Unre5trict¢d
funds
G¢nernl
Re5trf¢ted
funds
Total
2025
Totsl
2024
Other income
2,039
2,039
4,688
Page 17

The Quay Theatre at Sudbury
Notes to the Finanei&l Statements for the Year Ended 30 April 2025
8 Expenditure ort r*15ing funds
g) Costs of generAting doDations athd legaties
Unrtstrieted
Restritted
Total
21125
TotAI
2024
Gener41
Fundrnising ¢osts
1,940
1.940
1,661
b) Co$ts of tradiDg aetivitie$
UDrestricted
funds
Genernl
Rutrieted
funds
Tol*l
2025
TDtsI
21124
Entertainment events expenses
Education events - workshops
Bar Expenses
Costs of generating incom¢- Ctnema
Proje¢tion Costs
Education Events- S/Schools
Box office
Bar wages and salaries
Stagin8 events
Other trading activttres
Technician wage5 and salaries
121.105
121,105
103,602
.634
40.326
33,652
33.652
4,939
3,124
7,060
23,141
8,812
4.939
3.124
7.060
23,141
8,812
4,497
2,783
6,933
23,046
8.561
511
33,381
44,244
44.244
246.077
246,077
225.274
Pag¢ 18

The Quay Theatre at Sudbury
Notes to the Financial Statements for the Year Ended 30 April 2025
9 Expenditure on tharitsble activities
UnTestrlded
funds
Gener*1
Re5trirted
Totsl
21)24
2025
Note
Depreciation of tangible
fixed assets
Amortisation of intsngible
fixed assets
Stsff costs
Governance costs
Prin( postage and S￿l0A¢ry
Publicity costs
Credit card ¢har8es
Rates and water
LighL heat and pow¢r
Insurance
Repairs and maintenan¢¢
Computer software and
maintenance
Sundry expenses
Cleaning
Loan interest
Bank charges
Staff trdining
Telephone
Consulting
Travellin
6,587
6,587
8.1?9
285
62.654
1,687
3,292
2,757
9.619
2,787
14.094
8,215
6.723
285
62.791
1.687
3,292
2.757
9,619
1787
14.094
8.215
7,167
285
60,937
8.881
3,215
5,030
.352
2.998
15,033
5,665
14,121
137
io
444
2.950
849
7.369
739
2,950
849
7,369
739
1,085
429
2,462
13.950
3,128
675
6,591
502
1.344
233
2,419
25,909
151
1,085
429
2.462
13,9SO
148,533
581
149,114
173,598
Page 19

The Quay Theatre at Sudbury
Notes to the Fillancial St8tement$ for the Year Ended 30 April 2025
10 AThalysis of governance artd 511PPOrt costs
GoverM#thee costs
Unrestrlcted
funds
Geoernl
Totsl
2025
Tot&1
2024
llldependent exarniner fees
Examination of the financial statements
Legal fets
AcC￿lntanCY fees
405
350
932
405
350
932
1.895
2.862
4,124
1,687
1.687
8,881
The accountancy a¢cru81 was Si8nifieantly ht8heT in the prevyous y￿S aC￿)unts than the invoiced amounL thercfore the
value above is reduced by the ov¢r- ac¢wed amounL
11 Net Rneomlngloutgolng resource5
Net outgoin8 resources for the year include..
2025
21)24
Other non-audit services
Depreciation of fixed assets
Amortisation of intan8ible ass¢ts
.337
6,872
285
6,019
8.414
285
12 Trn$t¢es remunerntion exptnsts
During the year the ¢harity tnade the following trO￿￿tionS with trustees..
TD LAgdeD
T D Lagden received fee5 of £Nil (2024.. £19.665) during the year to a company ￿ntrOlled by hinL
T Lagden ceased to be a bwstee on 14 Febn]ary 2024.
NotJ¢ of the other trustee5 have ￿¢lY•1 any reimbursed expenses or any other benefits from the charity during the year.
P88e 20

The Quay Theatre at Sudbury
Notes to the Finan¢i&l Statements for the Yegr Ended 30 April 2025
13 Staff eoyts
The a88Tegate payroll costs w¢re as follows..
2025
2024
Staff eoyts during tbe year were:
Wages and salaries
So¢ial 5¢¢urity cost$
Pension costs
126,933
1,439
1.8¢M
115,546
1.818
130.176
117.364
The monthly averdge number of persons (in¢luding senior manag¢ment I leadership team) employed by the charity
during the year w8s as folltsws-.
2025
No
2024
Aver88e number of employees
12
13
No employee received emoluments ofmre than £60.000 during the year.
The ttstal employ¢¢ benefits of the key management personnel ofthe clwity ￿re £56.061 (2024- £35.010).
14 IndepeDdut exa1niDe￿s remuneration
2025
2024
Examin&tion of the financial statemrnts
405
1,895
15 T#xAtlon
The charity is a registered charity and is therefor¢ Fthntially exempt from tsxation on the b8sis that any surplu5
ported is used for charttable purp)se5.
Page 21

The Quay Theatr¢ gt Sudbury
Notes to the Fill&nci21 Statements for th¢ Year Ended 30 April 2025
16 Intsngible fixed #ssets
Other
intsngible
asset
Tot*1
Cost
At l May 2024
2.850
2.850
At 30 April 2025
2,850
Amortis#tion
At l May 2024
Charge for the year
594
285
S94
285
At 30 April 2025
879
879
Net book value
At 30 April 2025
1,971
1.971
At 30April 2024
1256
2,256
17 Txngibk fixed assets
Freehold
Property
Flxtures
fittings
EquipwoDt
Total
Cost
At l May 2024
Addiiions
350,000
36,304
1.545
91.535
477,839
1.545
At 30 April 2025
350.000
37.849
91.535
479,384
DepreciAtioll
At l May 2024
Charge for th¢ ye4r
At 30 April 2025
20.027
4,391
80.555
2.196
100,582
6.587
24.418
82.751
107.169
Net b￿k value
At 30 April 2025
350,(K)O
13,431
8,784
372.215
At 30 April 2024
350.000
16,277
10,980
377,257
18 Stock
2025
21124
Stocks
1,204
4.319
Page 22

The Quydy Theatr¢ at Sudbury
Notes to the Financial Statements for the Yerdr Ended 30 April 2025
19 Debtors
21125
2024
Trade debtors
VAT re¢overable
Other debtors
12,543
5.091
1.984
3,675
752
10,750
20 Creditors: Amounts falling due wlthith olle yellr
2025
2024
Bank overdrafts
Trdd¢ ¢r¢ditor5
Other loans
Other taxation and social security
Other creditors
AccnJal$
24.347
7.833
3,120
6.716
3,172
52,084
29.780
3.192
,715
12,319
77,920
97.272
124,926
21 Cr¢ditor5: f8lling due wfter one yur
2025
2024
Other loans
Trustees Current a￿OUnts
11,000
5,000
13.706
5,000
16,000
18,706
22 PensioD and other sehem
Defjlled contriblltion pension Schem¢
The charity operates a defined cotjtribution pension s¢heme. The pension cost charge for the year repre5eTrts
¢ontributions payable by the d)arity lo the scheme and amounted to £1,804 {2024- £1.818).
Page 23

The Quay Theatre at Sudbury
Notes to the Financial Statements for the Year Ended 30 April 2025
23 Funds
BAlatyce at
30 April
2025
B8IAnce at i
M*y 2024
Jllcorning
resourees
Resources
expended
Trnnsfers
Utsrestritted fund$
Gemernl
Unrestricted Funds
Property Revaluation
194,142
74,703
389,392
(396.550)
3,896
190.880
74,703
268.845
389.392
(396,550)
3,896
265.583
Deslgn¢vled
tksignated fijnd for patio
2.800
2,800
Totsl unrestrlcted funds
271,645
389,392
(396.550)
3,896
268,383
Restricted
Foyer Door5
Tudwick
5,375
2,195
5,375
2,195
513
2,000
Jety ￿paIr fund
Bar Shutters
4,990
2,000
{581}
(3.896}
Tot&1 restrieted funds
7,570
6.990
(581
(3,896)
10.083
Totsl fund$
279,215
396,382
397,131
278.466
P28e 24

The Quay Theatre at Sudbury
Notes to the Finanri81 Statements for the Year Ended 30 April 2025
Bglance At I
May 2023
lttcoming
resources
Re80urces
txp¢nded
Balance al 30
April 2024
Ullre$tricted funds
Genernl
Unrestricted Fun(L8
Propety Revaluation
247.287
74,703
335,376
(388,521)
194,142
74,703
321.990
335,376
{388,521)
268.845
Designtued
D¢signated fund for patio
Total uTrre5tri¢ted f￿ndS
2,800
2.800
324.790
335,376
(388.521)
271.645
Re$trtcttd
Foyer Doors
Babergh Thstrict CouYKil (Duty Manager)
Tudwick
4.000
9,387
2,195
4,000
(2.625}
(9,387)
5,375
2,195
Total restrleted fynds
15,582
4,000
12.012)
7,570
Total funds
340,372
339,376
400,5331
279.215
The specific purposes for which th¢ fimds are to be applied ore as follows:
Restri¢ted fund ba]ance5 are held as follow5:
Foyer Doors - In previou5 yeaJE grants from the Lord Be15ted Fund (£2.000). S Waddilove (£2.000), Alfred Williams
(£2,000) and Iving Mem(>rial (£2,0(K)J were awarded to fund the repairs/r¢J￿OVatJOJts to the foyer doors. Thi5 money
will be spen¢ in firture periods.
Tudwick- A grant of £2.195 was awarded in previous years to provide 8 drama group of pcopl¢ with l¢amin8
di5abiltties.
Jetty repair fimd - A Grant of £4.990 wa$ awarded by Babergh Council to rnake repaiJ3 to the Jety. M05t of the rcpairs
have now been completed. 2nd tile rernaining monies will b¢ Spent in fijture years as required.
Bar Shutters - £2,000 was do¢Jat¢d from The Lord Be15ted Charitsble Trust for the Bar Shutters. This rnoney will be
spent in futhre periods.
Destgnated Funds".
The Trustee5 hav¢ decided to designate £2.8(11) in order for work to b¢ widertaken on the patio area at the Theatre.
Page 25

The Quay Theatre ¥dt Sudbvry
Notes to tbe Financial Ststements for the Year Ended 30 April 2025
24 An•tysls of net assets behveen f4nd$
Tothl fulld$ at
3(1 Apiil
2025
Unrestricted funds
GettÈr81
DuigDated
Restricted
fuDd$
Intangible fixed ass¢ts
Tan8ibl¢ fixed assets
Curr¢nt assets
CuJr¢nt liabilities
Creditors ovcr l y
Total n¢t assets
1.971
372,215
14.752
(107,355)
16.000)
1,971
372.215
17,552
{97,272)
16,01)0
2.800
10.083
265,583
2,800
10.083
278,466
During the year the ¢harity re¢eived restri¢ted fimds which have yet to be spent. These are depositeij within the
Com￿llY bank a¢¢ount which is oveTdrawn as at the year end and is r¢fle¢ted in the overall Gurrent liabilities abov¢.
Total fund$ at
30 April
21124
Unrestrfeted fuDd8
General
Design#ted
R&strl¢ted
fuThds
Jntangible fixed assets
Tangible fixed assets
Current assets
Current liabilities
Credilors over l ye&r
Tot￿ net assets
2.256
377,257
32.9&1
(124.926)
18,706
2,256
377,257
43,334
{124,926)
18.706)
1800
7,570
268,845
2.800
7,570
279,215
25 Related p*rty tr*nsactions
MsEJCole
Ms E J Cole (Trust¢e) provided a loan to the Charity of £5,000 in 8 prior period.
At the baian¢e sheet date the amount due to Ms E J Cole was £5.000 (2024- £5,000).
Pa8e 26