Company registrallon number. 04654247
Charity registratlon number. 1103599
LymeArts Community Trust Limited
(A ￿rnPanY Ilmited by guaTantee)
Annual Report and Flnandal Statements
for the Year Ended 31 December 2024
WESTCOTTS
HAnTERIED aC¢QUMTAIIT•

LymeArts Communlty Trust Limited
Contents
Referen￿ and Administrative Details
Trustees. Report
2to5
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
8lo9
Slatement of Cash Flows
10
Notes lo the Financial Stslem8nts
11to22

LymeArts Community Trust Llmlted
Reference and Admlnlstrative Details
Chaimian
C Flett
Trusteos
D Harraway (resigned 31 March 2024)
M Thomas (resigned 27 January 2025)
J Pound {resigned 18 November 2024)
S Knights
K Gigg (resigned 18 November 2024)
S Rai (resigned 25 July 2025)
T Morton
M Hamer
C Flett (appointed 22 April 2024)
A Colefflan (appointed 27 January 2025)
C Gill {appointed 27 January 2025)
D T Balcomb8 (appointed 27 January 2025)
M Boser (appointed 27 January 2025)
Charlty Regl3tratlon Number
1103599
Company Reglstratlon Number 04654247
Registered Office
Timberly
South Street
Axminster
Devon
EX13 SAD
Independent Examiner
Westcotts (SW) LLP
Timberly
South Str88t
Axminster
Devon
EX13 SAD
Page I

LymeArts Communlty Trust Limited
Trustees. Report
The tnjstees, who are directors for the purposes of company law, present the annual report together
with the financial stalements of th@ charitable company for the year ended 31 Decemb8r 2024.
ObJe¢tlves and actlvltles
Objects and aims
The Ch8rity'S objects are to advance education in and to foster and promote the maintenance.
improvement and development of the performing arts, and to encourage knowledge, understanding
and appreciation thereof among the inhabitants of the Lyme Regis and surrounding district without
distinclion of sex, sexual arientation. race, age or political, religious or other options.
The Trustees have regard to the commission's public benefit guidance. All of the charitable activities
are undertaken to further our charitable purpose for the public benefit.
Public benèffit
The trustees confimi that Ihey have complied with the requirements of section 17 of the Charities Act
2011 to have due regard to the public benefit guidance publlshed by the Charity Commission for
England and Wales.
Achi•vemonts and ￿rfOrManCe
Having positioned itself for growth the previous year with the introduction of new Programmer and
Communications Coordinator roles, in 2024 the Marine succeeded by increasing ticket sales on the
previous year by approximat81y 90Yo.
The Ginema project's fundraising efforts were completed. securing Ihe final grant for provision of a
new DCP projeclor, stage curtains, auditorium chairs. and an upgraded surround sound system.
In January. new curtains were instslled, followed by the DCP projector in Mar¢h. The arrlval of new
chairs in August was a mi1gSton8, though delays in tha sound syst8m pushed th8 cin8ma's official
launch to early 2025.
During 2024 th8 Marin8 continued to offer a programme of diverse events for all age demographics.
keeping focused on the principle that th&re is something on offer for everyone.
Page 2

LymeArts Communlty Trust Llmited
Trustees. Report
The year began with the introduction of DJ events as part of the regular programmed events. The
first event - Roni Size was hugely popular with younger audionces and similar successful events
continued throughout the year.
The programming ¢ontalned a wide and dlverse varlety of events including talks, comedy. theatre.
National Theatre Live screenings, music of all genres and playing host to private hire events including
weddings. In February. the Theatre welcomed membws of the cornmunity in a special Valentines
event to read their favourite poem5 and sonnets. 11 was a community event presenting a lovely mix of
professional actors and community members united in celebrating their love of sonnets.
Throughout the year, the Marine welcomed many nationally acclaimed artists induding Sitnon
Amiitage. Milton Jones. Ed ByTne, Jake Lambert. Mike Wozniak and Gail Porter to name a few.
The Marine hosted a successful three-week Summer Season of Plays by Gilroy Theatre, reviving
repertory theatre in Lyme Regis. The plays included ihe popular Gaslight, Taking Steps and Dial "M"
for Murder. Such was the positive response to the plays. the Gilroy Theatre returned in December
with well•received performances of A Christmas Carol the production included the support of our very
own Marine Youth Theatre. which has continued to thrive in its, second academic year.
The ever-popular bi-annual Community Play took place this year with an extensive cast also
including children from the Marine Youth Theatre School. This year's play was a take on the
Shakespearian comedy called A Midsummer Lym8's Dream, a modem-day blasl through
Shakespeare's most enchanting cornedy, interwoven with nuggets of Lylre's history. The magical
chami of both thg play and th8 town knitted together to produce another unmissable ￿Mmunity
event.
The Marine contlnues its offering of free events to the public - Sea Shanty Songs by the Shanty
singers is stlll hugely popular and has proved to be much loved by the local communlty and visitors
alike. This free event is hosted rnonthly, and we have also conllnued with our long running fre@
Sunday Sessions event whlch creates a space whereby anyone can tske c6nlre stage an(J entertain
with their musical talent what8V8r that maybe. These sessions are alongside other regular events
such as the Play R8adlng Group, which welcomes all ages and backgrounds to read scripts which are
shared in advance.
Following the success of the inaugural event in 2023, the tradition continued with another successful
New Years Eve celebration, wlth 8 lo¢al band successfully closing the 2024 programme.
Finan¢ial revlew
The Charity received lotal income of £934.950 during the period (2023 - £520,937). of which £760.498
was unrestricted (2023 £479,505). Expenditure totalled £796,144 (2023 £508,568) of which was
£33.462 was reslricted (2023 £18,072). As at 31 December 2024, tho Charity had unrestriced
reserves of £491,573 (2023 £493,757> and restricted reserves of £298,772 12023 £157,782).
Futher detsils can be found in the Ststement of Financial Activities.
Pollcy on resgryes
In order to ensure the theatre could continue to operale in the event of the circumstance out of the
charitys control, the charity continues to work towards building up its unr8Stricted current assets.
Pag8 3

LymeArts Community Trust Limited
Trustees. Report
Plans for future periods
Alms and key objectlvos for future periods
To successfully launch the much-awaited return of cinema to Lyme Regis at the Marine Theatre
To complete fund raising and works of a backstage toilet, providing much needed facilities for artists
including the Marine Youth Theatre.
To begin fundraising for a building project which will posltion the Marine for future growth and
sustainability.
Continue the growth and diversification of the Programme exploring opportunities to further increase
support for our local communlty.
A collaboration with other theatres in Dorset, starting with a project with The Mowlern Theatre in
Swanage.
Structure? governanc• and manag•ment
Nature of governlng document
LymeArts Community Trust Limited is a company limited by guarantge governed by ils Memorandum
and Articles of Association. It is a registered with the Charity Commission.
Recruilment and appointment of trustees
Trustees are elected annually at the Annual General Meeting. The existing trustees have the power to
co-opt additional trustees to the board during the year until the following Annual General Meeting,
where Ihey may be re-elected by the members. In accordance with the articles of assoclation, one
third of the trustees retire from the office at the Annual General Meeting and are eliglble for the
r&election.
Induction and Irainlng of trustees
New trustees undergo an orientation on their legal obligations under charity and Gompany law, the
content of the Articles of Association, the committee and decislon-making process, the business plan
and recent financial performanc8 of Ihe charily. During the induction they meet the employees and
other trustees, The trustees are encouraged to attend appropriate extemal training events where
these will facilllate th8 und8rtaking of their role.
There were several changes to the Board of Truslees during the financial year,. Ihe current board
continues to have a wde range of skill sels.
Page 4

LymeArts Community Trust Limited
Trustees. Report
Statement of trustees. responsibilities
The trustees (who are also the direclors of LymeAIts Community Trust Limited for the purposes of
company law) are responsible for preparing the truslees, report and the financial ststements in
accor(Sance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice), including FRS 102 'The Financial Reporting Stsndard
apFlicable in the UK and Republic of Ireland.. The report and accounts have been prepared in
accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial statements for each financial year. Under
company law the trustees must not approve the financlal ststements unless Ihey are satisfied that
they glve a true and fair view of the state of affairs of tho charllable company and of the incoming
resDurces and application of resources. including its income and expenditure. of the charitable
company for that period. In preparing these financial statements, the trustees are required to-.
select suitable accounting policies and appty them consistently.
observe the methods and principles in Ihe Charities SORP.
make judgements and estlmat8s that are reasonable and prudent.
state whether applicable accounting standards, comprising FRS 102 have been followed, subject
to any material departures di￿10$ed and explained in the financial statement5', and
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charitable company will continue in business.
The trustees are responslble for keeping proper acmuntlng records that Can dlsdose wlth reasonabl8
accuracy at any time the financial position of the charitable company and enable them to ensure that
the financial statements Comply with the Companles Act 2006. They are also r8sponsible for
safeguarding the assets of the charftable company and h8nce for L3king r&asonab18 Steps for the
prevention and dete¢tion of fraud and other irregularities.
The trustees are responsible for the maintenanc8 and integrity of the ccffporate and financial
information included on the charitable companvs website. Legislation governing Ihe preparation and
dlssemination of financial statements may dlffer from legislatlon in other jurisdictions.
Small companles provision statement
This report has been prepared in accordance with the small companies reglme under the Companies
Act 2006.
The annual report was approved by the trustees of the charity on
behalf by-
and signed on its
C Flett
Chairman and trustee
Page 5

LymeArts Communlty Trust Llmlted
Independent Examiner's Report to the trustees of LymeArts Community Trust
Limited ('the Company.)
I report to the charity trustees on my examination of the accounts of the Company for the year endèd
31 December 2024.
Responslbilities and basis of reporl
As the charlty's trustees of the Company (and also its directors for the purposes of cornpany law) you
are responsible for the preparation of the accounts in accordance with th8 requirements of the
Companies Ad 2006 {'the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination
of your charity's accounts as Ca￿led out under section 145 of the Charilles Act 2011 {'the 2011 Act.).
In carrying out my examination I have followed the Directions given by the Charity Commission under
sectlon 14515)(b) of the 2011 Act.
Independent examiner's statement
Since Ihe Company's gross income exceeded £250.000 your examiner must be a member of a body
listed in section 145 of th8 2011 Act. l Gonfirm that l am qualified to undertake the examination
because l am a member of ICAEW which is one of the listed bodies.
I have completed my examination, I confimi that no matters have come to my attention in connection
with the examinalion giving me cause to believe:
1. accounting records were not kept in respect of LyrneArts Communlty Trust Limited as required
by section 38fj of the 2006 Act: or
2. the accounts do not accord with those records. or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
othei than any requirement that Ihe accounts give a 'true and fair view which is not a Matter
¢onsidered as part of an ind8pendenl èxaminatlon" or
4. the accounts have not been prepared in accordance with the methods and principles of the
ststem8nt of Recommended Practice for accounting and reporting by charilles [appllcable to
charities preparing their accourrts in accordance with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to
which attention should be drawn in Ihis report in order to enable a proper understanding of the
accounts to be reached.
Mr T Stuckey FCCA
For and on behalf of Westcotts (SW) LLP
Timberly
South Street
Axminster
Devon
EX13 SAD
Page 6

LymeArts Communlty Trust Limited
Statement of Financial Actlvities for the Year Ended 31 December 2024
{Includlng Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestrictod
funds
Restricted
funds
Total
2024
Total
2023
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Other trading activitles
Investment income
55.572
448,384
256,099
6.343
136.520
32,032
192,092
480,416
256,099
6,343
83,204
273,426
160.530
3.777
Total income
766.398
168.552
934,950
520,937
Expenditure on:
Raising funds
Charttable activities
{112,533)
650.149)
(112,533)
(683,6111
(51.261)
1457,307
133,462
Totsl expendilure
Net income
1762.682
33,462
1796,144)
508,568)
3.716
135,090
138.806
12.369
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total fijnds carried forward 18
3.716
135,090
138,806
12,369
493,757
157,782
651,539
639,170
497.473
292,872
790,345
651.539
All of the charity's activities derive from continuing op8ratrons durfng th8 above periods.
The funds bre8kdown for 2023 is shown in not8 18.
The notes on pag85 11 to 22 form an integral part of these financial statements.
Page 7

LymeArts Community Trust Llmlted
(Reglstration number: 04654247)
Balance Sheet as at 31 December 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
13
14
485,219
408.254
485,221
408.256
Current assets
Stocks
Debtors
Cash at bank and in hand
15
16
800
34,856
321,515
357,171
800
26.108
259.254
286,162
Creditors: Amounts falllng due within one year
17
152,047
42,879)
Net current assets
305,124
243.283
Net assets
79Q,345
651,539
Funds of the charlty..
Restricted Income funds
Restricted funds
292,872
157,782
Unrestricted income funds
Unrestricted funds
497,473
493,757
Total funds
18
790,345
651,539
For the financial year ending 31 December 2024 the charity was entitled to exemption from audit
under sectlon 477 of the Companies Act 2006 relating to small companies.
Dlrectors, responsibilities:
The members have nol required the charity to obtain an audit of ils accounts for the year In
question in accordance with section 476. and
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accountlng r8cords and the preparation of accounls.
These financial ststements have be8n prepared in accordance with Ihe special provisions relatlng to
companies subject lo the small companies regime within Part 15 of the Cornpanies Act 2006.
The notes on pages 11 to 22 form an integral part of these financial 5t8t8ments.
Page 8

LymeArts Communlty Trust Llmltod
(Reglstratlon number: 0465424n
Balanc8 Shoet as at 31 Docember 2024
The financial statements on pages 7 to 22 were apwoved by the trustees, and authorised for issue on
and si9ned on their behalf by..
C Flett
Chaiman and truste&
The notes on pages 1110 22 fom an integral part of the88 finandal statements,
Page 9

LymeArts Communlty Trust Llmlted
Statement of Cash Flows for the Year Ended 31 December 2024
2024
2023
Note
Cash flows from operatlng acttvltles
Net cash income
138,808
12,369
Adjustments to cash flows from non-cash items
Depreciation
Investment income
34,929
6,343
16.636
(3.777)
25,228
167,392
Working capital adjustrnents
Decrease in stocks
Increase in debtors
Increase in creditors
15
16
17
700
(5.501)
3.429
(8,748)
9,168
Net cash flows from operating activities
167,812
23.856
Cash flows from investing activities
Interest receivable and simllar Income
Purchasè of tangible fixed assets
6,343
111,894
3.777
(7,998)
13
Net cash flows from investing aclivities
Net increase in cash and cash equivalents
105,551
(4.2211
62,261
19,635
Cash and cash equivalents at 1 January
259,254
239,619
Cash and cash equivalents at 31 December
321,515
259.254
All of the cash flows are derived from continuing operations during the above two P8riods.
The notes on pages 11 to 22 form an integral part of these financlal statem8nts.
Page 10

LymeArts Community Trust Llmlted
Notes to the Financlal Statements for the Year Ended 31 December 2024
1 Charlty status
Thè charity is limited by guarantee, incorporated in England & Wales, and consequently does not
have share capital, Each of the trustees is liab18 to contribute an amount not exceeding £1 towards
the assets of the charity in the event of liquidation.
The address of its r8gistered office is:
Timberly
South Street
Axminster
Devon
EX13 SAD
2 Accounllng policiés
Summary of significant aecounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out
below. These policles have been consistently applied to all the years presented, unless oth8rwlse
stated.
ststement of compllan¢e
The financial statements have been pr8pared in accordance wth Accounting and Reporting by
Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in
accordanc8 wlth the Flnancial R8POrtlng Standard applicable in the UK and Republlc of Ireland (FRS
1021) (issued in October 20191- (Charities SORP (FRS 102)}, the Financl81 R8POrting Stsndard
applicable in the UK and Republic of Ireland (FRS 102) and the Companles Act 2006.
Basls of preparatlon
LymeArts Community Trust Limited meets the definition of a public benefit entity under FRS 102.
Assets and liabillti88 8re Inltlally recognised at hlstorical cost or transactlon value unless otherwise
ststed In the r81èvant a¢oJunting pollcy notes.
Golng concern
The trustees conslder that there arè no material uncertaintles aboul the charltvs ability to contlnue as
a going concem nor any slgnific8nt 8reas of uncertainty that affect the Car￿ng value of assets held by
the charity.
Page11

LymeArts Community Trust Llmlted
Notes to the Financial Statements for the Year Ended 31 December 2024
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and
assumptlons that affect the amounts reF)Orted. These estimates and judgements are continually
reviewed and are based on experience and other factots, Includlng expeclations of future events that
are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the fvture and, by their nature. will rarely
equal the related actual outcome.
Income and endowments
AJI income is recognised once the charity has entitlement to the income, it is probable that the income
will b8 received and the amount of the income recelvable can be measured reliably.
Donatlons and legacie8
Donations are recognlsed when the charity has been notified In writing of both the amount and
settlement date. In the event that a donatlon Is subject to conditions that r8quire a level of
performance by Ihe charity before the charity is entitled to the funds, the income is deferred and not
recognlsed unlll elther those condltlons are fully met, or the fulfllment of those condltlons Is wholly
within the control of the charity and it is probable that these conditions will be fulfilled in the reporting
periThJ.
Grants receivable
Grants are recognised when th8 charity has an entillement to the funds and any conditions linked to
the grants have been met. Where performance conditions are attached to the grant and are yet lo be
mefi, the incom& is ￿CogniSed as a liability and included on the balance sheet as deferred income to
be released.
Investment income
Dividends a￿ r8cognis8d once the dividend has been dedared and notificalion has been received of
the dlvidend due.
Expenditure
All expenditure is recognised once there is a legal or constwctive obligation lo that expenditure, it is
probable settlement is required and the amount can be measured reliably, All cost5 are allocated lo
the applicable expenditure heading Ihat aggregate similar cosls lo that category. Where cosls Cannot
be dire¢lly attributed lo partlcular headings they have been allocated on a basis consistent with the
use of resources, with central staff costs allocated on the basis of time spent. and depreciation
charges allocatsd on the portion of the asset's use. Other support Costs are allocated based on the
spr8£d of staff costs.
Ralslng funds
These are costs incurred in attracting voluntary income. the management of investments and those
incurred in trading activities that raise funds.
Charltable actlvlties
Charitable expenditure comprises those costs incurred by the Gharity in the delivery of its activities
and services for Sls beneficiarles. It includes both costs triat Can be allocat8d directly to such activities
and those costs of an indirect nature necessary to support them.
Page 12

LymeArts Community Trust Llmlted
Notes to the Financial Statements for the Year Ended 31 December 2024
Support costs
Support costs include central functlons and have been allotsted to activity cost categories on a basis
conslstent with the use of resources, for example. allocating property costs by floor areas, or per
capila, staff costs by the time spent and other costs by thelr usage.
Taxation
The charlty Is considered to pass the tssts set out In Paragraph 1 Schedule 6 of the Flnance Act 2010
and therefore it meets the definition of a charitable company for UK corporation tax purposes.
Accordingly, the charity 15 Potentially exempt from taxation in respect of inGome or capital gains
received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992. to the extent that such income or gains are
applied exclusively to charttable purpose&
Tan9ible fixed assets
Individual fixed assets costing £100.00 or more are inilially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so a5 to write off the cost or valuation, less any
estimated residual value. over th8ir expecled useful economic lrfe as fdlows:
Asset class
Property improvements
Office equipment
Depreciation method and rate
50h straight line
250h slraight line
There is no charge for depreciation in respect of the freehold property, as th8 resldual value is
expected to be at least equal to the Gost.
Fixed asset inv￿tments
Fixed asset investments, other than programme related investments. are Included at market value at
the balance sheet date. Realised galns and losses on investrnents are calculaled as the difference
between sales proceeds and their market value at the start of the year. or their subsequenl cosl, and
are charged or credited to th8 Statement of Financial Activities in th8 p8ri0d of disposal.
Unreali5ed gains and losses represent the movement in market values during the year and are
credited or charged to the Statement of Financial Activities based on the market value at the year end.
stock
Stock is valued at the lower of cost and estimated selling price less costs lo complete and sell, after
due regard for obsolete and slow moving stocks. Cost is detennined using the first4n. first-out (FIFO).
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly
liquid investments that are readily convertible to a known amount of cash and are subject to an
insignificant risk of change in value.
Page 13

LymeArts Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in
furtherance of the oblectlve5 of the charlty.
Restricted in¢om8 funds ar8 those donat8d for use in a particular area or for specific purposes, th8
use of which is restricted to that area or purpose.
Flnanclal Instruments
Classlflcation
Financial assets and financial Ilablllliès are recognised when the charity becomes a party to the
contractual provisions of the Instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equily inslrument is any contract that evidences a residual interesl in
the assets of the charity after deducting all of its liabilities.
Recognltion and measurement
AJI financial assets and liabilities are initially measured at transaction price (including transaction
costs), except for those financial assets dassified as at fair value through profit or loss, which are
initially measured at falr value (which is normally the Irans8Ction price excluding transaction costs).
unless the arrangement constitutes a financing transaction. If an arrangement conslitutes a financing
transaction, the financial asset or financial liabilty is measured at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabllitles are only offsel in the statement of financial posilion when. and only
when there exists a legally enforceab18 right to set off the recognised amounts and the charity intends
either to settle on 8 net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognlsed wh8n and only when a) the contractual rights to the cash flows
from the financial ass8t 8xpire or are settled. bl the charity transfers to anoth8r party substanlially all
of the risks and rewards of ownership of the financlal asset, or c) the charity, de5Plte havlng retained
some, but not all, significant rlsks and rewards of ownershlp, has transferred control of Ihe asset to
another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged.
cancelled or expires.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares
{where shares are publicly traded or Iheir fair value is reliably measurable) are measured at fair value
through profit or loss. Where fair value cannot be measured religbly, investments are measured at
cost less impairment.
Investments in subsidiaries and associates are measured at cosl less impairment. For investments in
subsidiaries acquired for consideration induding the issue of shares qualifying for merger relief, cost
is measured by reference to the nominal value of the shares issued plus fair value of other
consideratlon. Any premium Is ignored.
Pa9e 14

LymeArts Community Trust Limited
Notes to the Financial Statements for the Year Endod 31 December 2024
3 Income from donations and le9acie5
Unrestrlcted
funds
General
Restri¢ted
funds
Total
2024
Donations and legacies,,
Appeals and donations
Friends membership
Grants, induding capital grants.
Dorset Council
Arts Council
Lyme Regis Town Council
Lyme Regis Town Council
Foyle Foundation
4.569
9,003
4.569
9.003
20,000
62,070
29,450
25,000
82.070
29,450
25.000
22.000
20,000
22.000
20,000
55,572
136,520
192,092
Unre5trlGted
funds
General
Restrf¢ted
funds
Total
2023
Donations and legacies;
Appeals and donation5
Appeals and donations
Frlends membershlp
Grants. including capital grants;
Dorset Council
Lyme Regis Town Council
Backstage Trust
Garfield Weston
7,032
7,032
2.681
5.841
2,681
5,841
11,250
22,000
9,400
20.650
22.000
15.000
10.000
15,000
10,000
41,772
41,432
83,204
4 Income from charitable activities
Unrestricted
funds
General
R06trictod
funds
Total
2024
Total
2023
Theatre hire
Theatre events
Youth theatre income
229
426.529
21,626
229
458,561
21,626
480,416
10,489
242,121
20,816
273,426
32,032
448,384
32,032
Page 15

LymeArts Communlty Trust Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
S Income from other trading acllvities
Unrestricted
funds
General
Total
funds
Total
2023
Bar and coffee sales
Weddings
Sponsorshlp
Brochure advertising
214,975
36,169
214,975
36,169
133,200
21,170
2.000
4,160
4.955
4,955
256,099
256,099
160.530
6 Investment income
Unrestrlcted
funds
General
Total
2024
Total
2023
Bank interest receivable
6,343
6,343
3,777
7 Expendlture on ralsing funds
a) Costs of tradlng actlvltles
Unrestrlded
funds
General
Total
2024
Total
2023
Costs of goods sold
112.533
112,533
51.281
112,533
112,533
51.261
8 Expondituro on charltable activit108
Activty
underlaken
directly
Support
costs
2024
2023
Direct costs
652.114
31,497
683,611
457,307
Page 16

LymeArts Community Trust Llmlted
Notes to the Flnanclal Statements for the Year Ended 31 December 2024
9 Analysis of 5UPPOrt costs
Unrèstrlcted
funds
General
Total
2024
Total
2023
Advertising
Accountsncy fees
Bank charges
23,573
3,647
4,277
23,573
3,647
4,277
31,497
15.417
3.512
3.079
31,497
22.008
10 Net incomingloutgoing resources
Net incoming resources for the year include:
2024
2023
Dep￿claI10n of tangible assets
34,929
16.636
11 Trustees remunoratlon and eX￿nSeS
During the year the charity made the following transactions with trustees:
T Morton
Mrs T Morton recelved £1,000 as a director for the Community Play. This was discussed and agreed
by all the Trustees.
C Glll
Mr C Gill recelved £200 for the Community Play musical directorship. This was befor8 he b8came a
Trustee.
Page 17

LymeArts Community Trust Llmlted
Notes to the Financial Statements for the Year Ended 31 December 2024
12 Staff costs
The aggregate payroll costs were as follows:
2024
2023
Staff costs durlng the year were:
Wages and salaries
Social security costs
186,174
17,011
158,745
7.502
203,185
166,247
The monlhly average number of persons {Includlng senlor management I leadershlp team) employed
by the charty durlng the year was as follows:
2024
No
2023
No
Average headcount of employees
No employee received emoluments of more than £60,000 during the year.
13 Tanglble Ilxed assets
Land and
bulldlngs
Furnlture &
Property
equlpment improvements
Total
Cost
At 1 January 2024
AddiLions
250,000
85,755
63,493
208,474
48,401
544,229
111,894
At 31 December 2024
250,000
149.248
256,875
656,123
Depreciatlon
At 1 January 2024
Charge for the year
76,096
22,085
59,879
12,844
135,975
34,929
Al 31 De￿mber 2024
98.181
72.723
170,904
Net book valuo
At 31 December 2024
250,000
51,067
184,152
485,219
Al 31 December 2023
250,000
9,659
148,595
408,254
Page 18

LymeArts Community Trust Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
14 Fixed asset investments
2024
2023
Shares in group undertakings and participating interests
Shares In group undertakingg and participating interests
Subsidiary
undortaklngs
Total
Cost
At 1 January 2024
At 31 December 2024
Not book valua
At 31 December 2024
Al 31 Oecember 2023
15 Stock
2024
2023
Stocks
800
16 Debtors
2024
2023
Trade debtors
Prepayments
34,548
308
25,804
304
34,856
26,108
17 Creditors: amount8 falllng due within one year
2024
2023
Trade Creditors
Other creditors
Accruals
48,375
276
3,396
52,047
38,365
1.355
3.159
42,879
Page 19

LymeArts Community Trust Limlted
Notes to the Financial Statoments for the Year Ended 31 December 2024
18 Funds
Balance at 1
January
2024
Balance at
Resources 31 December
expended
2024
Incomlng
resources
Unrestrlcted funds
General
General Funds
493,757
766,398
{762,682)
497,473
Restrlded funds
Property improvements
Seniors Cultural
The Cln8ma Project
The DJ Course
Youth Technical Course
Comrnunity Projects
Disadvantaged Youth
Workshop
11T,389
3,961
32,032
4,400
(28,417)
88.972
23,761
129,064
19,400
6,320
24,405
19,8DO
97,032
15,000
6,320
29,450
(5,045)
950
950
157,782
168,552
33,462
292,872
Total funds
651,539
934,950
{796,144)
790.345
Balance at 1
January
2023
Balance at
31 Decèmber
2023
Incomlng
resources
Resources
expended
Unrestricted funds
General
General Funds
504,748
479,505
(490,496)
493,757
Restricted funds
Property improvements
Seniors Cultural
The Clnema Project
The DJ Course
Play in a day
128,500
5,922
(11 111)
(1,961)
117,389
3,961
32.032
4.400
32,032
4,400
5.000
5,000
134,422
41,432
(18,072)
157,782
Tolal funds
639.170
520,937
1508,568
651,539
Page 20

LymeArts Communlty Trust Limlted
Notes to the Flnancial Statements for the Year Ended 31 December 2024
ProLertulmprovement5:
These restricted funds are specifically for Ihe purpose of th8 capital property improvements to the
Marine Theatre, Lyme Regis. the restrlcted expenditure on the reserve represents the lifting
depreciation in relation to the restriction on the Capitsl expenditure rneeting speciffic designation of
grants received.
Senlors Cultural.,
The purpose of this grant is to facilitate a meetup which involves an activity to combat lon81in&ss and
isolation in our elderly communities. It takes place monthly and lakes the form of a Tea Dan￿ and on
altemate month5 a group led singing session. The sessions are filmed and a film has bgen produced
over Ihe time Ihat it has been running.
Clnema Project:
The Charity started a bid to bring back cinema to Lyme Regis. the funds raised will be spent on capital
expendilure for this purpose.
ILe DJ Course:
The restricted funds are to be spent on enhancing the skills of young aspiring or hobby DJS so they
can b8 the support act on DJ nights held at the Marine The8tre, where professlonal DJS perfonn. The
funds are to be spent on the purchase of DJ equipment and runnlng of th8 course.
Inada
The monies received are to be spent on the delivery of a course to children on pupil premium. The
thlldren devised a play and performed at the end of the day lo their parents. The grant received
catered for a healthy meal and snacks and the cours8 was deliv8r8d by Marine Theatre
professional. teacher and director.
Pag8 21

LymeArts Communlty Trust Limited
Notes to the Financial Statements for the Year Ended 31 December 2024
19 Analysls of net assets betwaen funds
Total funds
at31
Docemb•r
2024
Unrestrlcted
funds
General
Restrlctad
funds
Tangible fjxed assets
Flxed asset investments
Current assets
Current liabilitias
290,937
194,282
485,219
252,681
52,047
104,49Q
357,171
(52,047)
Totsl net assets
491,573
298,772
790.345
Total funds
at31
December
2023
Unrestricted
funds
General
Restrlcted
funds
Tangible fixed assets
Fixed asset investments
Current assets
CUr￿nt liabilities
293,503
114,751
408,254
243,131
42,879
43,031
286,162
(42,879)
651,539
Total n8t assets
493,757
157,782
20 Related party transactions
Transactions wlth the Trustees are detslled in note 11.
Page 22