Registered Charity Number 1103308 Registcred Company Nurnber 05069302 England and Wales Leatherhead Revival Trust Report and Financial Statements 31 March 2025 Leatherhead Revlval Trust Trustees. report The Thjsttts prtsent their report and financial statements for the year ended 31 March 2025 which are also p￿pared to meet the requircments for a dtrectors, report and accounts for Compunies Act purposes. The financial staiements comply with the Charities Act 2011, the Companies Act 2006, the M¢morandum and Articlu of Associatio￿ and Accounting Lnd Reporting by Charities: Statement of Recommended Practice appIl￿ble to charitiu preparing their accounts in accordance with the Financial Reporting SLindard applicable in thc UK and Republic of ￿Eland (FRS 102) (efftctivc l January 2019). Object5ves and actlvities undertaken for the public benellt The objects of the eharity are: - To advaDce the Christian faith generally. - To advance edUC￿lOn An general; - To provide and maintain facilities for the benefit of the comnjunity of Izatherhead and the surrounding ncighbourhood; - The relief of the poor. the sick and the aged. The charity has the genernl aim of contributing to the quality of life of the people of the local area and beyond by expanding their horizons through the provision of artistic events. The strategies cmpIoyed io achieve the charity's objectives a￿.. - Makiog use of the theatre facilitics for worship, educational and artistic evcnts; - M&king the theatrical facilities available for commercial. educational and cotnmunity usc: - Using the theatre to enhancc social and culturdl Anclusion. The trustces CODfirni that they have complied with the duty in Section 4 of the Charities Act 2006 to havc due regard to the Charity Commission's general guidance on public benefit, including the guidance on fee charging. The theatre relies on the income from fees and chargcs. and grants, to cover its operating costs. In setting the level of fccs, charg&s and concessions, the Irustees give consideration to the accessibility of the theatre for thosc on low incomcs. Tbe trustee5 have also referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewlng aims and objectives and in planning fvture activities. Achievements and performance The tnLStees aDd chief executive work to ensure the theatre is both used and made available for events which fulfil the chaTitable objects and enables it to operate in a stable financia] environmenL The use of the theatrc facilities for worship and other Christian activities There were various opportUDities for the theatre facilities to be used by groups for occasional rneetings which provide activities such as worskn'p. prayer and teaching. Facilities made available for education The theatre facilities are made available for the provision of education and training events, and used by The Theatre Academy which providcs training in drama, dance and singing. Local schools were able to rnake use of the theatre for their productions this year and the Shakespeare Schools Festival took place in November. Leatherhead Revlval Trust Trustees. report Achievements and perfornlanee l¢ontinued) The Theatre ￿ an artistic venue Our programme this year attrJcied 36,041 (2024: 28.450) patrons and varied from dance. jazz and musical theatre lo coniedy and pantomim¢. Event screenings from other various other venues were seen by 2.644 people (2024: 1,868). Film screenings attracted 4,164 (2024: 3,688) people. The Leath¢rhead Theatre Repertory Company remains dorniant and is to be dissolved. Vlhilst the trust is still committed io making theatre a vital and affordable part of life in Iutherhead and the surrounding community, it to do so on a financiauy susiwnable basis. naDcial review The level of unrestricted incomc to the tntsi was £191,811 (2024: £145.128). Dollations and grants accounted for £42.435 (2024: £13.024) of tlus total. Unrestricted expenditure was £149,083 (2024: 148,991). Donations of £34,000 (2024: £1.029) received by the trust from the theatre during the course of this year are included in the overall total of donations and grants. Rescryes policy The trustees be]ieve that the unre5tr2Cted rGserves should be sufficient to meet contracted liabilities. Free reserves of approximaiely £50.(KM) (2024: £50.(YJO) are considered suitable. At present the chatity has uArestricted free lleserves of £54.454 (2024: £11.654). Investsneni policy The trustees. having regard io the liquidity requiremeDts of operating the tnist and to the reserv&s w)licy. operate a policy of keeping available funds in an inlerest bearing deposit account and seek to achieve a rate of interest which ll￿tches or exceeds infiation. Due to wider economic circumstances it has noi been possible to achieve this aim during the year. Plans for futs￿e periods Trustees continue to seek further ways of putting Ihe theatre to more beneficial use for those who are disadvaDraged in society, and to rdise funds to enhance the facilities of the venue and maintain the fabric of the Grade ll listed building. Reference aDd administrative details Charity number: 1103308 Company number: 5069302 Regi5lered office: The Theatre, 7 Church StreeL L£atherhead Surtey KT22 8DN The directors of the chaJitsble company (the charity) are its trustees for the purposes of charity law. The ttuste&s who served frorn l April 2024 to the dale of this report, unless otherwise stated, were as follow5: RABull W E Hatfield T Bayliss S A Wilson (appointed I l May 2024) R A Plumbridge (appointed 17 September 2024) S M C Puckett (appointed 31 May 2025) Leatherhead Revival Trust Trustees. report Structur& Goi'ernance and Management Goiierning docun)ent Lutherh￿d Revivaj Trust is a company liniited by guarantee governed by its Memorandum and Articles of Association dated 10 March 2004. It is registered as a charity with the Charity Commission. The trustees are the members cach of whom agre&s to contribute such amount as may be required (not exceeding £10) in the c￿nI of the charity winding up. Appoinzment of trustees As set out in the Articles of Association the trustees are appointed by resolution of the trustees passed by a majoriry of the trUSte¢s. The chairn)an of the tnistees is appointed by the trustees. The trustees are not subject to retirement by rotation. The terni of the trustee continues until he or she retires or is removed in accordance with the ttlevant provisions of the Articles. All trustee5 a￿ made aware of the intention to appoint new trustees and are invtted to nominate new trustees. When considering candidates for a position as trustee the Board has regard to the expertise of the candidate. any specialist skills needed. and the likely ability of the candidate to discharge the objects of the trusL Tnjstee induczion and training Tn￿ are briefed on their legal obligations under charity and company law, the Cbarity Commission guidance on public benefic and inforn￿d about the content of the MemoranduJD and Articles of Association, the board and decision-JDaking processes, the budget and recent financial perfomwice of the charity. Trustees are encouraged to meet key employees and visit the operational location in order to familiarise themselves with operations, and 10 attend appropriate extern￿ training events where these will facilitate the undertaking of their Iole. Organisation The board of trustees. which can have an unlitnited number of members. adn]inisters the charity. The board meets on a regular basis. A chief executive is appointed by the trustees lo manage the day-to-day operations of the charity. To facilitate cffective operntions, the chief executivc has delegated authority. within ternLS of dclegazioD approved by the trustees, for operational matters. Related parties None of the trustees receive remuneration or other benefit from their work with the charity. Any connection between a trustre or senior manager of the charity With a production company. contracted actor, perforn]er or exhibitor for example which may create a confiict of interest must be disclosed to the boaTd in the same way as any other contra¢tuaJ relationship viith a related party. The majority of the activities of the charity are conducted through a wholly owned subsidiary company, Damely the l£atherhead Theatre Company Limited. The l£athcrhead Theatre Repertory Company Limited is currently dorn)anL To ensure fvll co-ordination and consistency between the trust and its subsidiary cornpanies the chief executive is managing director of ihese companies. Risk Management Thc trustees have a risk-management strategy which comprises.. - An annual review of the principal risks and uncertainties the charity may face; - The establishmenl of systems and procedures to ffnitigate risks identified in the plan; - The implementation of procedures designed to minimise and manage any potential impact on the charity should those risks materialise. Leatherhead Revlv81 Trust Trustees. report Trusteu. r¢sponsibiliile5 fin rcl8lion to finllnclal 5tatenicDts The charily tNstees (who a￿ also the ditectors for Llie purpo,ses of coinpany law) are responsible for prcparing a rrnsttts. annual report and finaiicial staten)enlS in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Conipany laiv requi￿4 the charity tru51ees to pttpare financi21 statements for each year which give a true and fair view of the stale of affairs of the charitable company and of the incoming resourc¢s and application of rc50urces. including the incoine and expenditure. for that period. In preparing these financial statements the trustees are required to.. select suitable accounting policies and then apply them ¢onsAStently: - observe thc niethods and PTincipl¢s in the Charities SORP; - make judgements and estimat¢s that reasonable and prudent" - stsre whether applicable UK accounting standards have been followed, subject to any material deparn]rcs disclosed and explained in the financial statements. - prepare the financial statements on the going concern basis unless it 15 inappropriatc to presume that the charity will continue in operation. The trustees are respon￿1)le for keeping proper accounting records that disclose with reasonable accurdcy at any time the finaDciaI position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the &ssets of the cbarity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Disclosure of infornwtion to independent examiner Eacb person wbo was a trustee at the time this report w&$ approved confirn]s that: - so far &£ ￿be is aware, there is DO relevant inforn)ation, being inforniation needed by the independent examiner io connection with preparing their reporL of which the company's independent examiner is unaware. and - &lbe has taken all the steps that slhe ought to have taken as a trustee in order to make her1hiM￿If aware of any relcvant infonnation and to establish that thc company's independent examiner is aware of that infom]atiOn. Snthll company proYisioDS This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. and the recomtnendations of the Statement of Recommended Practice - Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective l January 2019. This report was approved by the trustees on 28 October 2025 and signed on their behalf by RABull Truslee The Theatre, 7 Church Street Ltatherhead, sU￿Y KT22 8DN L r., Indcpcndenl examlner's report 10 tlio Iruslees ol Loalhefhead Revlval Trusi (Reglsiercd number: 05069302) IQdt￿ndcnl cwr4*n¢r's ry￿￿ io Ui¢ (nLil¢ts of i.talJi¢rb¢ad Iltili?l Truil ('Ilie Conipany ) I rrf*ffi io ¢lkJnt)" (ra￿.￿%¥ on rny ¢IJ￿..-..t1￿n of Ixjva i of th¢ Lompjny (ot th¢ )tJr ¢MYe•J 31 Nlarril o*J. k￿l￿.-&ibl1j(..(i ond tQ14S of rrporl A$ Lk ¢hJnty% ef Cov*p￿y l•J Jlw) ils ¢Jii¢c:oii (rJT th.e pu￿￿$¢% of co;niyJny 13w) >ou ar¢ (cr Lk r.rp--*_'utsn o( x(¢.kn?Tr ￿lJI L& Waffr,mc.fiLi o( Acl 2CQ6 -sfittl ￿>￿If th411lJe 'Ytr'nu of ihe Coyjny aff In be oudiied und¢f 16 of ihe 2(K16 "s cJncTJ trJi ￿)¢1 145 of CF.yiL"cs Aci 2011 2011 A¢i). In oul my I bJit (olh)*Th1 L%e l>ar(iith*S Dicn by CLn¢y Corrmsuon LftLIci Stttion 14<(5) Ib) of 2011 Ac:. Loneu endcd 31 llarrh 20?5. The memkn haic noi rcquiTcd Ihc chariiable compJn)' 10 obuin an awlil o(118 financial slaienKnLS for ihc ycar ended 31 llarch ?0?5 in accofdancc thith Seciion 476 of ih¢ Companies Aci 2(K)6 696 696 70.674 140 ?7.94() 70.674 696 7J.37Q 8.086 70.674 Tl)e inJ8iecS ackrO￿ledge their (csponsibililics for (a) C￿$￿nn8 ihJi thc chaniablc coinpany kccps accounling rrcords coniply iiilh Scctions 386 arKI 387 of thc Cq)mpanics Acl ?IXJ6 and (b) prn'pafing financi" sLth!¢llKniS which gib'c a and fair %-ieth of ￿1¢ siaic of atfairs of ihe chaliiablc company •S￿th¢cnd0f ¢aih f:nancial )tar in accor￿an(C wilh Ihc ffcquirt￿L￿ts of Sections 394 and 39.$ and ￿h)clI Oth¢r￿Se compl> ￿7th the rtqUiTtmcnts of ihc Cc)mpani¢s Aci 2(K)6 rclaling lo financial sialcr.Jcnts. so far a5 arFI:¢able lo charil.blc company. Thcsc I'than¢iaJ siaicmcnts haic b¢en prepa(¢d in accordancc the piovisions in Pan IS of the Corr..pJ.i¢s A¢1 21X)6 Jppljcahlc io conip3rn¢3 subject io ihc %m211 Comp￿leS reginie. Appioi"cd b). Ik 'frLislc¢s (m 28 Ck"iobcr 20?5 ￿nd sign¢d on 4heii behall by Ig&6LL R A Ejull TruSiCe Leatherh8ad Revlval Trust Notes to the financlal statements for the year ended 31 March 2025 Statutory Inforn)Ation Lutherhead Revi￿￿ Thi.st Is a ¢harithble ¢ompanyi limiled by gukunnlec, domiciled in England and IVal&% con1p￿Y regiswaiion numlxr 05069302 and chllTity ￿gIstraLi0n number 1103308. The registered office add￿$5 is The Theatre, Chur¢h SuEeL Ixatherliead. Surrey KT22 8DN. AccouDt5Dg poliei 11 AccY>unting eoni'eudon The financial Smiem¢nts of the charity. whtch is a public benefit entity under FRS 102, have been pffpared in aecordance with the Cbaritses SORP (FRS 102) 'A¢countiDg and Reporting by Charities.SL￿crnCnr of Recommended Practice applirable to charities preparing their a￿oUnts in accordance with the Fuwicial Reporting Standard applicable in Ihe UK and Ircland (FRS 102) (effective I lanuary 2019) including update buljetin l. Fjnancial Rcporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Cornpanies Act 2006. The chaziry constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recogniscd at historical cost or transaction valuc unless otherwise stated ID thc rclevant accounting policy not¢(s). 22 Preparation of the Ilnancial slatements OD a going concern b25iS The TJustees recognise that the fvture financial p￿rfOrn)anee of the charity Mll coolinue to be impacted by the significant increase in operating costs caused by the level of infiation and other factors. In the period since the financial year end date the charity's operations have CODlinued to be impacted by these factors. However. the trnstees have currently assessed that the charity should not be so affect￿ by these tnattet5 thal li should not bc tcgarded as a going concern and thcrefore the Fuwicial 5tatcments includc no adjustment in this respect. 2J Group accounts Thc financial statements contain iThforn￿tion about Leatherhead Revival Trust as an individual charitable company and do not contain consoIidated f￿anCIal infonDation as the parent of the group. The group constitutes as a small group in accordance with the Stlltement of RecoTDmend¢d Piactice and therefore the charity is exempt from preparing group accounts. 2.4 IDcome Income is recogDised when the charity has entitlement to the funds, any perforn]ance conditions have been mel. it is pmbable th￿ the income will be received and the arnount can be measured reliably. and in the case of grants is not deferred. Lealherhead Revlval Trust NolBS lo the flnanclal statements for the year ended 31 March 2025 Acronntins policie% (e(1D￿nUcd) L£ EN*DdiluTr Srrtcoverable VAT Ewr•dinue 1$ reeogni5ed once there is a legnl or conslnictive obligation to make u pnymcnt lo a ihird party. it is probable thal settlen)cnl will ￿ required and the amount ol the obligation con bc meiLsured liably. ecovtfdble VAT is cbtsrged against the category of expenditutc for which il wll5 incurred. CosL% of genernling funds arE ihose irAcurred in attrncting voluniary income. Governance Cosls comprise costs which relate to constitutional aDd statutory requirements. Support Costs include central functions and are auocatcd to cost categories on a bLsis consistent with the use of resources. such ￿ allocating propcrty costs by floor areas. staff COSLS by time spent and other costs by their usage. 16 Voluntary help A cettsin amount of lirne is expended on the charity's activities which is donaled frec of charge. It is not possible to quantify the value of the tiine given, and accordingly it is neither recorded &$ donated income noi as an expense in thc financial statements. 17 TI￿gIble r￿ed ￿ets aDd depreciation Tangible fixed assets are stated in the balance sheet at cost less depreciation which is cal¢uJated at rates to write off thc cost Icss estimoted residuol value ovcr th¢ir ren￿lDing useful IAVCS as follows." I￿sehOld prnperty over th¢ term of the l¢ase on a straight line basis over the terni of the le￿ on a Straight line basis 25% annum reducing balance basis Equiprnent 18 Operatlng leAses Rentals payable UDder operdling leases ue charg¢d on a straight line basis over the tern] of the lease. 2.9 Debtors Trade and other deblors arc recognised at the settlement amount due after any discount offered. PTcpaynients are valued at the amount piepaid net of any discounts due. 2.10 Creditors alld provisions Credito[5 and provisio￿ are recognised where the clmrity has a present obligation resulting from a pasi evenl that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measuted or estin]ated reliably. Creditors and provisions are notmally recognised ai their selllemenl amounl after aljowing for any trade discounts due. Leatherhfrad Rèvlval Trust Notes to the Ilnanclal statemenls for the year ended 31 March 2025 Accounting ￿lICkS (coDth?ued) 11 l FlnADdAI Tr only fTnancial in%uuments and financinl Ilobilites of o kind thoi qualify us basic financial iDstsun*nts. These are iniiially It￿gnISed at LTwL￿ctiOTr value and subsequ¢nily mcosured llt iheir senJen)eni ￿lUC. 112 Fund aecountiiig Unresuided funds comprise aceumulatcd surpluses and deficits on general funds. They ue available for use at the dIsC￿tion of the trustecs in furtherancc of the genernl charitable objectives. Restricied funds are used in line with donor's instruction& The charity holds funds to financc work on the leasehold propcrty and also for educational activities. 113 CTiticAI AccouDtSng judgements BDd key sources of estimation UDttrlainty ID the applAcation of th¢ chatity's accounting policies which are dascribed above, tn151ees are rcquircd to make j￿￿geMents. eslimates and a5SUmPtions about the ca￿ing value of assets and liabilities that are not teadi]y apparrnt from other sources. The estimates and undcrlying assumptions are based on kn'storical experience and other factors thai are considered lo be relevanL Acwal results May differ from those estirnates. The estimates and underlying assumpiions are reviewed on an onging basis. Revisions to accounting esiimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of rcvision and fvturc pericxls if the revision affects both current and future periods. Thc key sources of estim￿lon uncetsinty thai have a significant effect on the amounts r¢cognised in the fi0aoc1￿ statrments are d&scribed below: Depreciation Assets are written down over their cstimated useful livcs. The actual lives of assets may differ from ihc estiiDates. The lives of assets are kept WKler review and adjusted a8 appropriate. All(Kation of costs betwccn adivities As a snwll charity many costs incurred. includiDg staff time. cover more than one aclivity. These costs arc allocaied to activities based on the key cost dn'vers and best estimates of stsff time OD each activity. Costs of cljaritable Actlvities Unrr5tri¢ted funds Restricted funds Total 2025 Total 2024 Operation of theatre 148,036 148,036 149,636 149.636 149,915 149,915 10 L••therhoad Revlval Trust Notes to the financlal statsments lor the ￿ar ended 31 March 2025 ADalists of xnd support msts Tr Th￿1 JIILYaies its 5upprf costs incwrnl from unrcstricted funds as showm bclow. Support cosLs are luc￿ed on a coLsisleni iiith thc use of resouTttS. Activid¢s Totsl 2025 Totnl 2024 FuDdraisinE Governanee & i£ttlngs Snpp)rt Office rn5ts SalJrics 1ndc￿TrIcDI eXallU￿On DepreCI￿10n 8.541 8.541 8,315 1.925 1,575 1.623 1.623 1,6Z3 10.167 11,819 Trading activity of sulksidiaries Thc charithble company bas two wholly owned subsidiari&s. The L￿therhead Theatre Company Limite company ￿￿StratiOn numbcr 4451758. and The L£athcrhead Tbeaire Repertory Company Limited. company repstrntiOD Dumbcr 7677853 which 15 dornwit and is to bc dissolved. Thc Theatre Company sults for the year 10 31 Marcb 2025 have not been included within the charity's financial statements. A SUMM￿ of the trading resulLS is shown below. 2025 2024 TwDover CO￿ of sales Gross profit 803.113 (472,702) 330.411 (229.819) (55.528) 6.153 51.217 1.773 (328) (34.0(X)) 18,662 (1.020) 17,642 34.(KKI 625.957 (382.673) 243,284 (21X).309) (47,054) 8,151 4.072 AdministNive expenses operating iocon OperatiDE Ooss) I profil beforc interest IDtrresT re£civable Intrre￿ payable Donation to parent clwity (Lfj55) I profit before taxaiion Taxatiojj (486) (1.029) 3,405 Profil aftcr iaxalion 3.405 Gift ￿.0 donauon to pareni Ch￿1￿ Retsined proflt 1.029 10.170 27,812 Leatherhead Revi￿1 Trust Notes to the flnanclal statements for the year ended 31 March 2025 Sialr Ikprecialion Other costs Tolal 2025 TolAI 2024 l.(M7 147.898 1.623 150.568 1.047 148.013 1.623 150.683 1.636 147,233 2.682 151.551 itabk Activities 115 Governance - Other costs comprise independent examinotion fees of £1.623 (2024: £1575). StalT costs 2025 2024 1.925 s￿la[ security costs 1,925 The salaries paid were all io key maoagernent personnel. The avernge number of ￿[SonS employed by tk Tn￿t during the y& was as follows". 2025 Number 2024 Nuniber Trust . administration No employee rEceived rernuaeJ2ti0n in excess of £60.(MKI (2024.. None) for the year. No remuneration (2024: £ Nij) w&$ paid to any of the t￿￿teeS dutlng the year. During the year no expenses (2024: £ Nil) weff reimbursed io any trustee. Other costs 2025 2024 Premises 'Kellaneous 141.374 9,194 150,568 142.230 7,243 149.473 12 Leatherhead Revival Trust Noies to the fln8nclal slatements for Ihe year ended 31 March 2025 Twiblc fixed wcls Lcll5¢1iold properly Improvcnients qulpment Tothl Cost Al l April 2024 Additions Di%po.ds At 31 2025 455.468 61,401 516.869 455.468 61,401 516,869 Depreclatlon Ai l April 2024 Disposals for th¢ year Al 31 March 2025 455.468 60,939 516.407 115 455.468 61.054 516,522 Net book values Ai 31 March 2025 At 31 March 2024 347 347 462 462 ed &sset InvestmeDts Cost of charity shares ID subsidiaries 2025 2024 Ai 31 March 2025 In the opinion of the trustees. the value of the charity's investment in its subsidiary undertakings. the tzatherhead Theatre Company Limiied and the L£atherhead Theatre Repertory Con)pany Limited are not materially less than the amount included in the balance sheet, Debtors 2025 2024 Prepayments and accrued income 51.472 51.472 50,328 50.328 Prepayments includc £16.0Th) (2024: £16,000) which was deposited with the lE￿d10rd as a condilion of the le&s¢ exiension in December 2015. 13