Company registration number 05402388 IEnglaniJ and Walt51 Charity registration number 1109377 (England and Wales) THE ST IVES YOUTH THEATRE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
THE ST IVES YOUTH THEATRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees E Davis Mr M Hirst J Masierton P Pope Secretary Mr M Hirst Country of incorporation United Kingdom (England and Wales) 05402388 Charoty registration England and Wales 1109377 Registere(l offie¢ 1st Floor Chapel House Chapel Lane st Ives Cgmbridgeshire PE27 7DX Independent examiner Kinnalrd Hill Brunel House 1 Archers Court HLinlingdon Cambndgeshire PE29 6XG Bankers Lloyds 88nk PLC 6 Market Place 81andlord Forum Dorset DT117EE
THE ST IVES YOUTH THEATRE CONTENTS Page Trustees report Independent 8xaminerfs report Statement of financial activities Balance sheet Notes to the financial sla+ements 6-15
THE ST IVES YOUTH THEATRE TRUSTEES REPORT (INCLUDING DIRECTORS, REPORTI FOR THE YEAR ENDED 31 AUGUST 2025 The trustees present their report and account5 for the year ended 31 August 2025. St Ives Youth Theatre. also referred to as SIYT. Charity iegistration number 1109377, Gompany registration number 05402388 IEnglaDd and Wales). Principal and registered address bèing 1st Floor, Chapel House, Chapel Lane, St Ives. Cambridgeshire PE27 5DX. The accounts have been prepared in acL0rtjan with tha accounting policies set out in note 1 to the accounts and compty with the ¢h8rity's governing dDcument. the Companies Act 2006 and "Accounting 8nd Reportin9 by Charities." Statement of Recommended Practice applic8ble to charities preparing Iheir accounts in accordance th the Financial Reporting Standard applicable in th8 UK and Republie of Ireland IFRS 1021 (effective 1 January 20191 Objec15ves and activities The ch81ity'S object is to work with young people who are currently in secondary education or of that age, reg8rdless of social background or specrfic ability. to develop drama and theatre skills. This enhancement of their formal education promotès skills in critical analysis and self-evaluation, allowing lor deveSopThenl of inter- personal skills and self-awareness leadlng to the growtr of a welkrounded individual. In planning our a¢twities for the year we kept in mind the Charity Commissions guidance on public benefit, Including the guidance on public bènefit and fe8 charging. St Ives Youth Theatre relies on membership lee8, grants. donations and the income from performances lo cover all costs incurred. In setling the fees, charges and concessions, the trustees give careful consideration to the accessibility of both St Ives Youth Theatre itself and staged performan3 lo those on low incom¢s. The focus ol Sl Ives Youth Tneatre activilieo is organised drourij Stage production8 that seek to challenge our mÉmbers on a nurnbgr of levels, providing opportunities for them to develop inter-personal skills, self -8waieness and evaluation. A by-product of this is to provide the loGal community with an tspportunty lo enjoy a broad range of thealrio31 entertainment and see young people in a positive light. Sl Ives Youth Theatre is tun on a solely volunteer basis. All Iru¥tees and helpers give of their time and abilities willingly. Without thi5 group of people, the organisalion would not be able to continue in its present form. Achi8v•ments and pertormance 202412025 was another hiisy year for SIYT. Our anniial cabarel was very well supported by oiir paientsl guardians, sotne additional funds were raised by w8y of a lew games and the USLial raffle. Money ra15ed wenl someway 10 offseiiing our costs lor pulling on the eveni. OLir Spring show lor 2025 was an unusual and thought-provok1ng piece". '100" 4 characters find Ihemsefves in liniho" after dyiiig and are given 3 coui)t 01100 to keep one meiiiory from their lifeiime lo relive for eternity. A povJertLII and well-presented that was directed by a current Ineinber and one that hacl recently left. Simply staged kvilh 4 nveable blocks that represented chairs. beds arid even moioicycles. A single suspended "orb" over the centre of the s18ge also represented einolions and gave Ilie performance an added edge. NODA reviewed Ihe performance and piai5ed the cast and production. We were 11)viled lo attend the NODA awards cereinony in May of 2025. as we had been noiTlinated lor the best yOLlth performance for our 2024 Production of High School Musical. 6 member5 01 the SIYT team allended and we were very pleased lo be presen18d with the aw8rd for the NODA Region 2. For summer 2025. we coniinued w¢lh our usual full cast musical event aiid this year we performed Footloose. Despite the usual Challenges associated with perfoiming al the Burgess Hall, the veiiue provided addilional advertising and lickel sales increased. Strong perfortnances and great teamwork saw us nominaled In a nutnber of categories ai Ihe NODA re(Jional awards. Altholigh iinsLicce.%sful in the majority of iiomii)alions. SIYT can be proud IhG?I we held our own alongsiije companiès viilh bigger budgels arid with access lo greater re5011rces. Bul wl)ere we did wiii. 15 where we pride ourselves in what really Inalter5 lo SIYT, and that is In the performances of all our young cast. 2 Biothers were recognisèd for their performances across both of our 2025 shows. We began the new season with new member auLlilioTrs sn October and we are busy planning lor our 2026 se8son.
THE ST IVES YOUTH THEATRE TRUSTEES REPORT (CONTINUEDI(INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 AUGUST 2025 Financlal vIeW Long lerm aim is to bulld up sufficient fvnds to allow for one years running costs, excluding special events such as the Edinburgh Fringe festival. This fund is the prime recipient tsf all Gift Aid returns. Main funding comes from mernbership fees, grants. donations and advertising in our production programmes. Fundraising events are held to enhance the rnoney available to present perfomiances. We hold a small bursary fund to a3SlSt farnilies. a maximum of 6, who would struggle to mèet the monthly membership lee. Only four bursaries were applied for, and granted, during this financial year. structure. goveinance and management The charity is 8 company lirnited by guarantee incorporated on 23rd March 2005 and regislered a3 a charity on 9th May 2005. The cornp8ny wa5 established under a Memorandurn of Association which estsbli5hed the objects and powers ol the charitable company and is governed by ils Artlcles of Association. There is a Child Prole¢tion policy In place, with a nominated Child Protection representative. Diselosure and Barring Service ID8SI checks are carried out on anyone Coming into regular contact with the Student members. All trustees give their time voluntsrily with no financial remuneration or other benefrts. Trustees are appointed or reappointed at the Annual General Meeting. The trustees, and a180 directors who served during the yearwere.. E Davi5 Mr M Hirsl J Masterton P Pope The trustees report was approved by the Board of Trustees. The trustee and dlrector signing this report does so onbe the board of director3. Mrm Hirst Trustee Dated.
THE ST IVES YOUTH THEATRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE ST IVES YOUTH THEATRE I report to the trustees on my examination of the financial statements of The St Ives Youth Theatre Ithe chaThtyl for the year ended 31 August 2025. Responsibilities and basls of report As the trustee5 of the charity land also ils director5 tor the purposes ot company lawl, you are responsible for the preparation of the financial statements in accordance with the requirements of the CompAnies Act 2006. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are elwJib18 for independent ex8mination, I report in respect ol my examination of the Charity's financial statements Carried out under section 145 of the Charities Act 2011. In carrying out my examinats.on I have followed the Directions given by the Charity Commission under section 14515llbl of the Charitie5 Act 2011. Independent examinerfs statement I have completed my examination. I confirrn that no matters have corne lo my attention in conneclK)n With the exarnination giving me cause to believe that in any mateiial respect.. awounting records wère not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records,, or the financial statetllents do not cornply with the accounting requirements ol section 396 of the Companies Act 2006 other than any requirement that the finanrial Statements give a true and fair view, which is not 3 matter considered as part of an independent examination.. or the financi81 statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Pr8Ctiee for accounting and reporting by charilies appliGable to charities preparin9 their financial blalements in CCordn with the ."inanci&l Reportirig Standa,.'d applicable in the UK and Republic ol Ireland IFRS 1021. I have no concerns and have come acrtsss rno other matters in connèction with the examination lo which attentlon should be drawn in this report in order to enable a proper unde151anding of the financial statemer)ts to be reached. Kinnaird Hill Bfunel House 1 Archeis Court Huntingdon Cambridgeshire PE29 6XG Date".
THE ST IVES YOUTH THEATRE STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOMEAND EXPENDITUREACCOUNTI FOR THE YEAR ENDED 31 AUGUST 2025 Unre$triet8d R•strlcled funds funds 2025 2025 Total Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notès Income from: Donations and legacies Charitable aclwities Fund raising activities Investments 3.321 22,429 3.321 22,429 3.029 21,256 612 265 3.029 21,256 612 279 181 10 191 14 Total income 25,931 25.941 25.162 14 25,176 Expendilurè on: Raisin9 funds Charitable aclwities Other expenditure 223 25,387 178 223 26,414 178 25,669 139 1.007 26,676 139 1,027 Totsl expenditu 25,808 1.007 26,815 25,788 1,027 26,815 Net in¢omellexpendlturel 123 19971 18741 16261 11,0131 11,6391 Transfers between funds 11,1531 1.153 12731 273 Net movement in funds 10 11.0301 156 18741 18991 17401 11,6391 Reconeiliatlon of funds.. Fund balances at 1 September 2024 25.629 654 26,283 26,528 1.394 27,922 Fund balan¢gs at 31 August 2025 24,599 810 2S.409 25.629 654 26,283 The statement of financial activities includes all g8irns and losses recogntsed in the year. Al income and expenditure derive from continuing activltles. The statement of financial aclnfilles also complies with the requirements lor an income and expenditure account under the Companies Act 2006. The notes on p8ge$ 6 to 15 form part of these financial statements.
THE ST IVES YOUTH THEATRE BALANCE SHEET AS AT 31 AUGUST2025 202S 2024 Notes Flxed 3s8ets Tangible assels 14 1,351 2,695 Current assets Stocks Debtors Cash at bank and in hand 15 16 1,678 1,564 29,342 1,401 2,141 20.379 32.584 23,921 Creditors: amounts falllng dua wothln one yoar 17 18.5261 {3331 Net current assets 24,058 23.588 Total assets less Current liabilitiès 25,409 26.283 The funds of the ¢harlty Restricted income funds Unrestrivted funds 19 810 24,599 654 25.629 25,409 26,283 The notes on pages 6 to 15 form part of these fin8n¢lal statements. The company is entitled to thé exemption from the audit requlrement contained in séction 477 of the Companies Act 200e, for ihe year ended 31 August 2025. The directors acknowledge their re5ponsibiliti8s for ensuring that the charity keeps accounb'ng records which Comply with section 386 of the Act and for preparing financial staletHents which give a true and fair view of the stat8 01 8ff8irs of the LX)mpany as al the end of the financial year and of its incoming resources 2nd application of resources, including It5 iJicome and expenditure, for the financial year in aecordance with the requirements ol sections 394 and 395 and which olheFWi8e comply with the requirements of the Companies Act 2006 with respect lo accounting COrdS and the preparation of financial statements. The members have not required the company to obtain an audit ol ils financk81 statements for the year in que$lion in accordance with section 476. These financial statements have been prepad in accordance wilh tt)è provisions applicable to Gompanies subject to the small companies regime. The financi 14t8tements wère approved by the IIu8te9s on 7rfJTr7 .1. Mr M Hirst Trustee Company registration number 05402388 IEngl8nd and Wales)
THE ST IVES YOUTH THEATRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Charlty Informatlon The St Ive3 Youtr Theatre is 8 private company limited by guarantee incoiporated in England and Wales. Thé registered office is 1 st Floor, Chapel House, Chapel Lane. St Ives. Cambiidgeshire, PE27 7DX. 1.1 Accounting ¢onventlgn The accounts have been prepared in accordance with the charty's governing docurnent, the Companies Act 2008 and 'Ac¢ounlin9 and Reporting by Charities.. Statement of Recommended Practice applicable to charitie5 preparing their accounls in accordance with the Financial Reporting Standard applicable In the UK and Republic ol Ireland IFRS 1021 leffective 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charlty has taken advantage ol the provisions in Ihe SORP for chartties applying FRS 102 Update Bulletin 1 not to prepare a Slalement of Cash Flows. The finanual statements a prepad in sterling, which is the functional currency of the charity. Monetary mounts in these financial statements are rounded to the nearest £. The financial slalements have been prepared under the historical co31 convèntion. The principal acwunting policS 8dopt8d arè sot out bek)w. 1.2 Going concgrn At the time ol approving the accounts. Ihe trustees have a reason2blè èxpectation that the chaiity has adequate resources to coniin'Je in operatloiial EXlSteii¢e for 11..? foreseeable lulur Thus the trustees continue to adopt th& going ¢oncem basls of accounting in preparing the accounts. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in further8nce of their charitable objectives. Restricted fvnds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific onditions by donors that the capital must be maintained by th$ charity. 1.4 Incomè Income is reco9ni5ed when the charity is legally entitled lo it after any performance condilons have been met, the amounts can be measured reliably, and it is probable that income will be rec81V8d. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation. unless performance conditions require deferral ol the amount. Income tax CoVerable in relation to donation5 received under Gift Aid or deeds of covenant is rg¢ognised at the lime of the donation. Legacies are recognised on receipt or otherwise if the charty has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount Is not known, the legaGy is tiealed as a contingent asset.
THE ST IVES YOUTH THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting pollcias Icontinuedl 1.5 Expenditure All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where cost5 cannot be directly allributed lo particular headings thay have been allocated lo a¢tivites on a basis conslstenl with the use ol the re80urces. Fundraising costs are those incurred in seekirsg voluntary contributions and do not include the costs of disserninaling information in support ol expenditure on the objects of the charity and include project management carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the ¢harlty and Complian with constitutional and slalutory requirements. 1.6 Tangible fixed assets Tangible fixeij assets are initially measured al cost and sUbseqntIY measured at cost or valuation, net of depreciallon ant1 any impaiiment losses. Tangible fixed assets costlng more th8n £1,000 are capitalised and included at cost including any incidental expenses of acqu151tion. Tangible fixed assets arè stated at cost less depreciation. Depreciatson is provided at rates calculated to write off the c03t less eslirHated residual value of each asset over its expected useful life, as follows.. Fixtures, fitlin9s & equipment 25./0 Straight Ilne basis. The gain or loss arising on the disposal of an asset is determined as the difference b8veen the sale proceeds and the carying value of the asset. and is recognised in the statement ol financial activities. 1.7 Impairment of fixed assets At each reportin9 end date, the charity reviews the Carrying amounts of ils tangible assets lo dotermine whether thefè is any indication that those asset3 have suffered an irnpairment loss. If any 3u¢h indication exists, the recoverable amount of the asset 15 eslirnated in order to det8mine the extent ol the impairment loss lif any). 1.8 Stocks Stocks are stated at the lower of cost and eslirnated sening price les$ costs to complete and sell. Cost comprises direct materials and, where applirable, direct. labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items hekl for distribution at no oi nominal consideration are measured the lower ol replacement C051 and cost. Net realisable value is the estimated selling Pri kss all estimated Costs of completion and costs lo be incurred in marketing. selling and distribuliors. 1.9 Cash and cash equlvalents Cash and cash equivalents include eash in hand, deposits held at call with bank5, Other short-teTm liquid investments wilh original maturi1185 of three months or kss, and bank overdr3fts. Bank overdrafts are shown within borrowings In current liabilities.
THE ST IVES YOUTH THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies (Continued) 1.10 Financial Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial In8fruments' and Section 12 'Other Financial Instruments Issues. of FRS 102 to all ol ils financial instruments. Financial inslrum8nls ale r8cogni5ed in the charity'5 balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts pres¢nled in the financial slalements. when there is a legally enforceable right to set off the recognised amount5 and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtor5 and casfv and bank balan$. are initially measured at transaction price including tran5actiOll CQSt5 and ale Subsequent carried at amortised co81 using tha effective interest method unless the arran9ement COll5titutes a financing transaction. where the transaction is measured at the psent value of the fvture reip1S discounted at a market rale of interest. Flnancial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic Iinancial liabilities, Including creditors and bank loans are initially r8cogni5ed at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the piesent value ol the future payments discounted at a market rale of inler6s1. Financial liabilities ¢18S5ified a5 payable within one year are not amcrtised. Debt instruments are subsequenuy carried at anh)rtised cos( using the effective interest rate method. Tr8d& creditor5 are obligations to pay for goods OT services that havè been acquired in the ordin8ry course of operations fmm suppliers. Amounts payable are cJa53ified as ctyrrenl liabllities if payment 13 due within one yèai or less. If not. they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction price and subsequently measured al amortisèd cost us5ng the effective interest mèthod. Dere¢ognition of finanelal Ilal)illtles Financial liabilities are derecognised when the charity's conliadual obligatSons expire or are discharged or cancelled. Crfitlcal accountlng estlmates and judgam•nts In the application of the charity's accounting policie5. the trustees are required to make judgements. estimate5 and assumptions about the carryino amount of assets and liabilities that are not rea¢Jily apparent from other sources. The estimates and associated assumptions are based on historieal experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The e5timale5 and undertying a5surnption5 are reviewed on an ongoing basis. Revisions to accounting estirnate5 are recognised in the period in which the estimale is revised where the revision affects only th81 period, or In tme period of the vIsion and future periods where the revision affects both current and future periods.
THE ST IVES YOUTH THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Donations and legacies 2025 2024 Donations and gifts 3,321 3,029 Income from charitable activities Unrestricte¢J funds 2025 Unr8Stricted fund5 2024 Produdion revenue Membership fees 10,900 11,529 12.327 8,929 22,429 21.256 Income from fund raislng activities Unrestricted Unrestrlcted lunds funds 2025 2024 Fundraising events 612 Ineome from investments Unrestricted Restrlcted funds funds 2025 2025 Total Unrestri¢ted Restricted funds funds 2024 2024 Total 2025 2024 Interest receiv8ble 181 10 191 265 14 279
THE ST IVES YOUTH THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Charltable activities Acttvltles dire¢tly undertaken Support eosts Total 202$ Total 2024 Oepreciation and impairment Room Hire Productlon expenditure Olhei c05t5 Bursaries Radio Mics 1,344 1,515 18.636 2,248 1,000 1,344 1.515 18,636 2.248 1.000 1,344 4.187 16.181 1,825 875 152 24,750 24.750 24,564 Sh8re of governance costs Isee not81 1.926 1,926 1.850 24,750 1,926 26,676 26,414 Govemance costs includes payments to the accountants of £1,926 12024 £1,850) for independent examination fees. Expgnditure on raislng funds Unrestricted Unrestricted funds funds 2025 2024 Fundraising and publicity Seeking donations, grants and leg8¢ie$ 223 Other Unrestricted Unrestricted fund5 funds 2025 2024 Financing cost5 Other expenditure 105 34 139 165 13 178 10-
THE ST IVES YOUTH THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 10 Net movement In funds 2025 2024 The net movement in funds is stated after ohargingllcredilin91'. Fees payable for the Independent examination of the charity's fjnancial statements Depreciation of owned tangiblè fixed assets 1.926 1,344 1.850 1,344 11 Trustee6 None of the trustees lor any persons connected wilh Iheml rècelved any remunefalion during the year. During the year there were no expenses reimbursed to trustee5 that related lo them carrying out their duty as a truste8. 12 Employees The average monthly number of omployees during the year wa5.. 2025 Number 2024 Number Total There were no employees whose annual remuneration was more than £60,000. 13 Taxation The charity is exempt from taxation on rts activities because all its income is applied for charitable purposes.
THE ST IVES YOUTH THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 14 Tangible fixed assets Fl¥tures. fittings & eqtJiprnen¢ Cost At 1 September 2024 9,514 At 31 August 2025 9,514 Depreciation and impalrment At 1 Septetnbei 2024 Depreciation charged in the year 6,819 1.344 At 31 August 2025 8.183 Carrying amount At 31 August 2025 1.351 At 31 August 2024 2,695 15 Stocks 2025 2024 Finishèd goods and goods for resale 1.678 1,401 16 Debtors 2025 2024 Amounts falllng due wlthin one yèar.. Other debtors Prepayments and accrued income 351 1.213 451 1,690 1,564 2,141 17 Creditors- amounts falllng due within Orto year 2025 2024 Trade creditors Other creditors Accrua13 and deferred income 8,205 25 308 321 8,526 333 12-
THE ST IVES YOUTH THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 3q AUGUST 2025 18 Unrestrict8d funds The unrestri¢led fund5 of the charity compiisa thè unexpended balances of donab.ons and grants which a not subject 10 Specific conditions by donors and orantors as lo how they may be used. These include designated funds which have been sel aside out of unreslri¢l8d funds by the Irus(ees for specific purposes. At1 Septembèr 2024 Incomlng reSoUe9 Resources expended Transfers At 31 ALtgust 2025 General funds 25.629 25,931 125,8081 11,1531 24,599 Previous year- At1 Sept8mb8r 2023 Incoming resources Resources expended Transfèrs At 31 August 2024 General lund8 26,528 25.162 125,7881 12731 25.629 13
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THE ST IVES YOUTH THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 20 Analysis of net assèts between funds Unrestricted fund5 202S Reslricted funds 2025 Total 2025 At 31 August 2025: Tangible assets Current assetsllli8bililiesl 1,351 23,248 1,351 24,058 810 24,599 810 25,409 Unrestricted funds 2024 Restricted funds 2024 Totol 2024 At 31 August 2024-. Tangible assets Curienl assetsllllabilities 2,695 22,934 2.695 23,588 654 25,629 654 26.283 21 Events after the reporting date There were no post balance sheet events which affected the finan&al staternents. 22 Related party traftsaetlons Included in other creditors is an amount ol £nil12024- £251 for bursary tiwed lo the famlly of a trustee. 15