Company reglstratlon number: 603S820
Charlty re8lstratlon number: 1120640
SHEFFIELD THEATRES CRUCIBLE TRUST
IA company Ilmlted by guarantee)
ANNUAL REPORT
PERIOD ENDED 31 MARCH 2025

SHEFFIELD THEATRES CRUCIBLE TRUST
ANNUAL REPORT
PERIOD ENDED 31 MARCH 2025
CONTÉNTS
Page
Directors, Report
Statement of Trustees, Responsibilities
Independent Auditors, Report
Accounting Policies
12
Slatement of F5nanclal Activltles Ilncluding Income and Expenditure Account)
14
Balance Sheet
Is
Cash Flow Statement
16
Notes on Accounts
17-26

SHEFFIELD THEATRES CRUCIBLE TRUST
DIREcfoRS' REPORT FOR THE PERIOD ENDING 31 MARCH 2025
The Trustees and Directors of the charitable company present their report along with the financial statements of the charity for
the period ended 31 March 2025. The financial statements have been prepared in accordance with the accountin8 policies set
out on page 12 of the financial statement5 and comply with the charlty's Memorandum and Articles and applicable law. The
trusteès have adopted the provisions of the Statement of Recommended Practlce ISORPI"Accounting and Reportlng by Charitie5"
IFRS 1021 in preparlng the annual report and financial statements of the charltv.
Le8al and administration details
Offlclal name of charlty:
Sheffleld Theatres Crucible Trust
Charlty re81stratlon number:
1120640
Company re&lstratlon number;
6035820
Reqisteied Offlce:
55 Norfolk Street
Sheffield
SI IDA
Dlrectors and Trustees:
Mr Neil Adleman
Ms Kate Booth
Mr Matthew 8yam Shaw
Dr Anni Dornin80
Mr Richard Huntrods
Mr Robert Noble
Ms Catherine Pakenham
Chlef EXec￿l¥e.
Torn Bird
Bankers;
Barclay$ Bank
I St Paul's Place
Norfolk Street
Sheffleld
Sl 2JW
Auditors:
Hawsons Chartered Accountants
Statutory Auditors
Pe8a5U5 House
463a Glossop Road
Sheffield
510 ZQD

SHEFFIELD THEATRES CRUCIBLE TRUST
DIRECTORS, REPORT FOR THE PERIOD ENDED 31 MARCH 2025 (continued)
Strurture. Governance and Managèment
Go¥ernlng document
Sheffield Theatres Crucible Trust Limited {STCT}15 o company limited by guarantee governed by its Memorandum and Articles of
Association dated 2 1 Oecember 2011, It is iegistered as a charity With the Charity Commisslon. Sheffield Theatres Trust Is the sole
member of the organlsation and it has 7 trustees.
Objects
The primary objects of the charlty specified In the Memorandum and Artlcles of Assoclation are..
the advancement of the arts and to educate the public In the art of drama In particular by the production, promotion.
presentation and the mana8ement of plays. rnlme, ballet, dance, sln8in8, muslc and any other artistlc works at The Crucible
Theatre and such other preffli5e5 ofthe Company or elsewhere.
the advancement of educatlon through the development and delivery of creative learning pro8rammes for people of all a8es
includln8 partlcularty learning to act. produclng play5 and artlsts work and script wrilln8 by way of workshops, talk5 and
perforrnances.
Or8an15atlon
The board of trustees, which must have no fewer than 4 members. admlnisters the charity. The board meet5 quarterly and there
are 5ub.committees covering finance and audit. human re50urce5 and trustee nominatlons whlch meet regularly. A Chlef Executlve
is appointed by the trustees to manage the day to day operations of the charity. To facilitate effective operations, the Chief
Executive has delegated authority, withln terms of delegation approved by the trustees, for operational matters including finance,
employment and artlstlc performance related activlty.
Appolntment of trust••$
Seven trustees are nominated by Sheffield Theatres Trust and an elghth, wlth Commercial industry experience, Is co.opted by the
nominated trustees. There is currently one vJcancv.
Trustee Indurtlon and Iralnln8
New trustees are invited to the registered office of STCT to meet with the Senlor Mana8ement Team to brief them on their lega I
obligations under charity and company law, the content of the Memorandum and Articles of A55oclation, the committee and
decislon.makin8 processes, the buslness plan and recent financial performance of the charitv.
Publlc benellt
The board of trustees have complied with the duty in Section 4 of the Charities Act 2(K16 to have due regard to public benefit
guidance published by the Commission. The ¢harity seek5 to maximi5e attendance and particlpation in its activities to ensure that
audiences are drawn from every socio-economic 8roup and age fange. It does thls by advertlsing to the public ihrou8h the media,
print, soclal network and reachln8 Out to the local community.
Our accesslble performances include the monthly Dementia Tea Dances.
We continue to offer tlckets at £5 under the Uve for 5 scheme to everyone between the age of 16 and 26.

SHEFFIELD THEATRES CRUCIBLE TRUST
DIREcfoRS' REPORT FOR THE PERIOD ENDED 31 MARCH 2025 (cont5nued)
Prlncipal R15ks and Uncertaintles
The Trustees are committed to the identification and management of the malor strategic, business and operational risks which
the charity face5. The principal financlal risk5 revolve around the failure of a production at the Box Off ice. for whatever reason,
and the potentially adverse effect on both profitability and cash flow. This is partlcularly relevant in theatre buslness where
completely new programme of works is embarked on Èach year,
The Trustees and Senior Management are fully aware of the risk profile in the bLrsiness and a multi.function team of mana8ers
withln the organlsation is tasked wlth communlcatln8 wlth all levels of the or8anisation to identify all risks and re8ularly update a
detailed risk register identifyin8 likelihood and impact tO8ether with actions necessary to mitlgate the risk. This 15 consi dered by
the Flnance & Sustainability Committee and then presented to the main board.
Related partles
Sheffleld Theatres Cruclble Trust, City of Sheffield Theatre Trust, Offstage Ltd. Sheffield Cruclble Productlons Ltd and The
Montgomery Theatre and Arts Centre Ltd are all subsidiaries ol Sheffield Theatres Trust.
Oblectlves and a¢tlvltles
The maln objectlves for the perlod continue to be the promotion and fostering of artistlc knowledge and the appreclation of the
arts by the provision and future development of faclllties for the educatlon and entertainment of the public in ihe fields of art,
craft. music and drama.
The strate8ies employed io achleve the charlty's oblectlves are to:
offer opportunities for a broad range of people to get involved In arts actlvlty explorlng their own creative power5,'
provlde facllltles for amateur and professlonal artlsts to develop. Groups In the clty are given discounted rates for hire of
space and access to professional advice;
concentrate on involvln8 youn8 people in the arts to help encourage a culture in whlch dlfferent age ranges play
complimentary part:
celebrate the diversity of cultures in our society by programming presentations by. and wlth. artlsts of dlfferent cultural
back8rounds.'
present a broad range of arts work.
The major areas of actlvity are..
produced stage performances,,
received stage performances-
a creative development programme providlng educational programmes for all age groups.

SHEFFIELD THEATRES CRUCIBLE TRUST
DIREcfoRS' REPORT FOR THE PERIOD ENDED 31 MARCH 2025 (contlnued)
Strateiic Report
The Trustees present their Strategic Report for the period ended 31 March 2025.
Achl¢vements and performan¢e
Sheffield People's Theatre returned to the Tanya Moiseiwitsch Playhouse In August 2025 wlth Somethlno Old, Somethlnq New,
written & directed by Tess Seddon.
In September 2024 we produced a critically-acclaimed new adaptation of Henrik Ibsen's A Doll's House by Chris Bush {*• ** The
Guardian. * • •* The Times).
Also in September, we continued our excellent co-produclng relatlonshlp wlth Theatre Centre as Dluy by Mohamed Zaln-Dada
premiered in the Playhouse I
Yorkshire Postl.
Later In the auturnn, we produced the World premiere of Kenrexbyjack Holden and Ed Slambollouian in the Playhouse. The show
was a huge success crltically {
Daify Telegraph *** * The Guardian
Dally Mall) and has been plcked up by a malor West
End and Bioadway producer.
Our pantomlme, Snow Whlte, co-produced wlth Evolutlon Pantomlmes, was an exceptional success (•• ** The Stapel and won
Best Pantomlme lover 900 seats) at the Gieat 8rltish Pantomlme Awards.
In the Crucible at Chrlstmas, we produced a new revival of Llttle Shop ol Horrors (**** The Times • *•* The Stogel directed by
Amy Hodge.
Our produclng work in 2025 be8an with a co.produetion with the Unicorn and Fiery An8el I CTP of Plg Heurt Boy- a brand-new
adaplation by Winsome Pinnock of Malorie Blackman's novel I
Whot's On Stage
****
Time Outl.
Our h'na1 show In the period was Josh Seymou¢s new production of Tennessee Williarns, A Streetcor Named Deslre l••*• The
Stage
Whot's On Stage). This show was the final production programmed by Rob Hastle.
Our Work Beyond Sheffield
Llft olPI contlnued it5 amazlng journey. enjoying a major US tour as well as playing venues in Asia.
Plq Heart Boy undertook a major UK tour, playing to 28,564 people acr05S the country.
Dlzzy toured UK schools and theatre in autumn 2024.
Kenrex enloyed a successful run at Southwark Playhouse in London, in co-production with Aria Entertainment.

SHEFFIELD THEATRES CRUCIBLE TRUST
DIREcfoRS' REPORT FOR THE PERIOD ENDED 31 MARCH 2025 {contlnued)
Audiences
Over 52.OCKJ people attended Snow Whlte In the Lyceum- another bumper pantomime year. During the same period. over 30,000
people attended Llttle Shop oAHorrors in the Crucible. Meanwhile. our strong drama audiences continued as over 15,000 people
attended A Streetcor Named Deslre in sprlng 2025.
Creatlve Engagement
In a year of change for the team, we rnana8ed to inau8urate Sheffield Theatre5' new Youth Theatre.. at present, this is a free,
targeted scheme. We are con5ClOUS that the Crucible Youth Theatre had a major impact on young people in the Clty in the
th
final decades of the 20 century.. it is a joy to see It returnl
We have appointed a new Creative Engagement Director In June 2025.
Talent Development
Our artlsts, space, The Bank, continued to thrive In the perlod. A new cohort have enloyed an excellent year working alongsid e
the ST staff team. The Cohort members recelved guidance and funding In order to pursue creative projects, while belng
mentored by the ST team.
The Makln8 Room contlnued to offer a supportive network and development opportunities for arti5t5 based in Sheffleld and the
surrounding area5, and to promote the provlslon of artlst development In South Yorkshlre more widely.
Flnan¢lal ftevlew
Sheffleld Theatres Crucible Trust 8enerated a surplus on unrestrlcted funds of £209,92612024'. £71,4721. Revenue grants of
£868,943 from Arts Council En8land, and £194,067 from Sheffleld City Council, were recelved as a transfer from Sheffield Theatres
Trust.
Investment powers and pollcv
Under the Memorandum and Artlcles of Assoclation, the charity has the power to Invest in any way the trustees wlsh.
Ile$er¥es policy
The company 15 part of the Sheffield Theatres Trust group and its reserves are taken into account as part of the group's reserves
pollcy. The Crucible is a Grade 11 listed buildin8, built in 1971 and requlring a high level ol upkeep. Certain reserves have been
de518nated for unforeseen major bullding repalrs, the net book value of unrestrlcted tangible fixed assets, a fund for research and
development workshops for new plays prior to full comm155ioning and a production reserve to support increased production costs
a5 set out in note 9,

SHEFFIELD THEATRES CRUCIBLE TRUST
DIRECTORS, REPORT FOR THE PERIOD ENDED 31 MARCH 2025 Icontinued)
Future Plans
In summer 2025, we are resuming our Launchpad and Together Festival programmes. Our to.production with Paines PIou8h and
Belgrade Coventry, Consumed, opens at the Traverse in Edinburgh In August as part of their festival programme.
Autumn beg*)s with Elliabeth Newman's first production, Donclng ot Luqhnasa by Brian Frlel and also sees Consumedcome
into the Tanya Moiseiwitsch Playhouse.
Christmas is on course to be Our busiest ever. with-. Aladdln in the Lyceum,. Alsha Khan's brand new adaptation of A Chrlstmas
Carol (featuring Sheffield's own carols) in the Cruclble and a vlslting production, Chrfstmos Llghts by Filskit Theatre, In the Tanya
Moiseiwitsch Playhouse.
In the sprin8, we will produce a world premiere, The Ladles, Footboll Club by Tim Flrth adapted from Stefano Massini's original
about the beginnings of women'5 football in Sheffield, as well as co-producing Cmwn of Bloodwlth Utopia Theatre and My
Brotherfs a Genlu5 Wlth Theatre Centre. Finally, Summer 2026 will see a new version ofSummerHalldoy play the Crucible,
Dlrectows
The dlrecttys. who are also trustees of the charity. durlng the period and to the date of this report were as follows..
Nomlnated by Sheffleld Theatres Trust
Mr Neil Adleman
Ms Kate Booth
Dr Anni Domingo
Mr Richard Huntrods
Dame Julle Kenny DBE DL Idece35ed 21 February 2025}
Mr Roberi Noble
Ms Catherine Pakenham
Elected
Mr Matthew Byam Shaw

SHEFFIELD THEATRE5 CRUCIBLE TRUST
DIREcfoRS' REPORT FOR THE PERIOD ENOED 31 MARCH 2025 (contlnued)
Constltutlon
The company is a company limited by guarantee and not having a share capital. Each member gives a guarantee to contribute a
sum not exceeding El to the company should it be wound up. At 31 March 2025 there were 7 members.
Statement of Trustees, Responslbllltles
The trustees (who are also directors of Sheffield Theatres Crucible Trust for the purposes of Company lawl are responsible fo r
preparing the Trustee5' Annual Report and the flnanclal statements in accordance with applicable law and United Kln8dom
Accounting Standards (United Klngdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each flnancial period, which give a true and fair view of the
state of affairs of the charitable company and of the incomin8 resources and applicatlon of resources, includin8 the income a nd
expenditure. of the ¢harltable company for that period. In preparin8 these financlal statements, the trustees are required to:
select suitable accounting policies and then apply them con51Stently,'
observe the methods and principles in the Charlties SORP IFRS 1021;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK Accountlng Standards have been followed,.
prepare the financial 5tatefflents on the 80in8 concern basis unless it is inappropriate to presume that the charltable company
wlll continue in operation.
The trustees are responsSble for keeplng adequate accountin8 records that disc105e wlth reasonable accuracy at any time the
flnanclal position of the charitable company and enable them to ensure that the financial statement5 comply with the Companles
Act 2IXI6. They are also responslble for safeguardin8 the assets of the charitable company and hence for takin8 reasonable steps
for the prevention and detection of fraud and other irregularitles.
ststement of dlsclosure of Inlormallon lo audltors
In so far as the trustees are aware.,
there is no relevant audit information of which the Charitable company's auditor5 are unaware, and
the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information
and to establish that the auditor is aware of that Informatlon
In approvlng tho TrusteO5' Annu•l Report. we also ipprove the Stratellr Report Included thereln. In our capa¢lty as Company
dlreciors.
518ned on behalf of the board
Mr Matthew 8yam Shaw
Sheffleld Theatres Cru¢lble Trust
Dat•:

SHEFFIELD THEATRES CRUCIBLE TRUST
INDEPENDENT AUOITORS, REPORTTO THE TRUSTEES OF SHEFFIELD THEATRES CRUCIBLE TRUST
Oplnlon
We have audited the financial statements of Sheffield Theatre5 Crucible Tf Ust (the 'charitable company'l for the period ended 31
March 2025 whKh comprise the statement of flnancial activities lincorporating the income and expenditure accountl. the balance
sheet, the statement of cash flows and note5 to the financial statements. includlng a summary of significant accounting policies.
The financlal reporting framework that ha5 been applied in their preparation is applicable law and United Kin8dom Accounting
Standard5. includin8 Financial Reporting Standard 102 The Financiol Reporting Stondord opplicable in the UK ond Republic of
Ireland (United Klngdom Generally Accepted Accounting Practice).
In our oplnion the financial statement5.'
give a true and fair vlew of the state of the charitable companvs affairs as at 31 March 2025 and of its Incornlng resources
and appllcatlon of resources, including its income and expendlture, for the perl¢)d then ended.
have been properly prepared In accordance with United Kingdom Generally Accepted Accounting Practice, and
have been prepared In accordance with the requlrements ofthe Companles Act 2006.
Bas15 fpr oplnlon
We conducted our audlt In accordance wlth International Standards on Auditln8 {UK) IISAS IUKII and applicable law. Our
responsibilitie5 under those standards are f(¢rther described in the Auditor's responsibilities for the audlt of the flnanclal
statements section of our report. We are independent of the charitable company In accordance with the eihlcal requlrements
that are relevant to our audit of the financial statements in the UK, In¢lvdin8 the FRC'S Ethlcal Standard, and we have fulfilled our
other ethlcal responsibilitles In accordance wlth these requirements. We believe that the audit evldence we have obtained is
sufficient and appropriate to provlde a basis for our opinion.
Coneluslons relatlni to Kolng concorn
In auditin8 the financial statements, we have concluded that the trustees, use of the goln8 concern basis of accountlng in the
preparation of the flnancial statements is appropriate.
8ased on the work we have performed, we have not identified any materlal uncertainties relating to events or condltlons that,
indivldually or collectively. may cast slgnificant doubt on the charltable company's ability to continue as a going concern for a
period of at least twelve months from when the financial statements are authori5ed for issue.
Our responsibilitles and the responsiblllties of the trustees with respect to goin8 concern are described in the relevant sections
of thls report.
Other Inform•tlon
The other informat¢on comprlses the Information included in the trustees, annual report, other than the finènclal statements
and our auditor's report thereon. The trustees are responslble for the other Information contained within the annual report, Our
opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in
our report, we do not express any form of assurance conclusion thereon, Our re5pon5ibility 15 to read the other informatlon and,
In doing so. consider whether the other information Is materially inconsistent with the financial statements or our knowledge
obtained In the course of the audit or otherwlse appears to be materially mi55tated. If we identify such material inconsistencies
or apparent material misstatements, we are required to determine whether thls gives rise to a material misstatement In the
financlal statements themselves. If, based on the work we have performed, we conclude that there Is a material misstatement
of this other information. we are required to report that fact.
We have nothlng to report In this regard.

SHEFFIELD THEATRES CRUCIBLE TRUST
INDEPENDENT AUDITORS, REPORTTO THE TRUSTEES OF SHEFFIELD THEATRES CRUCIBLE TRUST (contlnued)
Opinion5 on other matters prescribed by Ihe Companles Act 2006
In our opiThon, based on the work undertaken in the course ol the audil:
the information given in the trustee5' report lincorporaling the strategic report and the directors. report) for the financlal
period for which the financlal statement5 are prepared Is conslstent with the financial statements: and
the strategic report and the dlrectors. report have been prepared in accordance wlth applicable le8al requlrements.
Matters on which we are regulred to raport by exception
In the li8ht ol our knowled8e and understandbng ol the charitable company and its environment obtained in the course of the
audit, we have not identified rnaterial misstatements In the strategic report and the dlrectors. report.
We have nothln8 to report In respect of the followlng matters In relation to whlch the Companies Act 2006 requires us to report
to you if, in our opinion:
adequate accounting record5 have not been kept, or return5 adequate lor our audlt have not been received from branches
not vislted by us- or
the financial statements are not In agreement with the accounting records and returns. or
certa•n dlsclosures of directors, remuneration spe¢lfled by law are not made; or
we have not recelved all the Information and explanations we requlre for our audit.
Re$pon$lbllltles of trustees
As explalned rnore fully in the tru5tees' responslbllltles statement set out on pa8e 7. the trustees (who are also Ihe directors of
the charitable company for the purposes of cornpany lawl are re5ponslble for the preparation of the financial statements and f or
bein8 satlsfied that they 8ive a true and falr view, and for such internal control as the trustees determine is necessary to enable
the preparation of financlal statements that are free from material misstatement, whether due to fraud or error.
In preparing the financlal statements, the trustees are responsible for assessing the charltable company's ability to contlnue as a
going contern, disclosin8, as applicable, matters related to goin8 concern and usin8 the goln8 concern basis of accountin8 unle55
the trustees either intend to liquidate the charitable company or to cease operatlons. or hawe no realistic alternatlve but to do so.

SHEFFIEU) THEATRES CRUCIBLE TRUST
INOEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF SHEFFIELD THEATRES CRUC18LE TRUST (contlnued)
Audltorfs responsibilities for the audlt of the flnonclal statements
Our otyectives are to obtain reasonable assurance about whether the financial statÈments as a whole are free from mèterial
misstatement, whether due to fraud or error, and to issue an auditorfs report that includes our opinion. Reasonable assurance Is
a high level of assurance, but Is not a guarantee thèt an audit conducted in accordance with ISAS IUKI will always detert a material
mlsstatement when It exists. MisstatemÈnts can arise from fraud or error and are considered material if, individually or in the
aggregate. they could reasonably be expected to influence the economlc deci540ns of users taken on the basls of these financi al
statements.
The extent to whlch our procedures are capable of detectin8 Irre8ularitles, Includlng fraud is detalled below:
The charitable company Is subject to laws and regulations that directly and Indlrectly affect the financial statements, Based on our
under5tandin8 of the charlty and the environment it operates wlthln, we determined that the laws and resulatlons whlch were
most significant Included FRS 102 and the Companie5 Act 2006. We considered the extent to which non.compliance with these
laws and regulations might have a material effect on the financial statements. including how fraud rni8ht occur. We evaluated
rnanagement's Incentives and opportunities for fraudulent manipulatlon of the financial statements {including the rlsk of overrlde
of controls), and determined that the prlnclpal risks were related to the postin8 of inappropiiate journal entries to improve the
charity's result for the period, and management bias In key accounting estimates.
Audit procedures performed by the en8a8ement team Included:
Discu551ons with management and those responslble for legal compllance procedures within the charitable company to obtaln
an understanding of the legal and regulatory framework applicable to the charlty and how the charity complies with that
framework, Includ•ng consideration of known or suspected Instances of non-compllance wlth laws and regulatlons and fraud;
Revlewln8 minutes of Trustee meetin85;
Identifyin8 and assessing the design effectlveness of controls that management has in place to prevent and detect fraud and
non.compliance with laws and regulations,.
Challen8in8 a55umption5 and Judgements made by management In thelr 51Enificant accounting estimates.
Identifyin8 and testin8 journal entrles, In particular any journal entrles posted with unusual account cornbinations or posted
by senior managernent.
A further description of our responslbilities Is avallable on the Financial ReportlnB Council's webslte at
www.frc.org.uVaudltor5laudit-assurance/auditor-s.responslbllltles.for-the-audlt-of-the-fi/descrlption.of-the-audltor'5-
responsibilities.for. Thls descrlption forms part of our audltor's report,
10

SHEFFIELD THEATRE5 CRUCIBLE TRUST
INDEPENDENT AUDITORS. REPORT TO THE TRUSTEES OF SHEFFIELD THEATRES CRUCIBLE TRUST (contlnued)
Use of our report
Thi5 report 15 made 501ely to the charilable company's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we mlght state to the charitable company's members those
rnatters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law.
we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members
as a body, for our audit work. for this report, or for the oplnions we have formed.
Simon 8laden, Senior Statutory Auditor
For and on behalf of Hawsons Chartered Accountants, Statutory Auditors
Pegasus House
463a G10550p Road
Sheffleld
SIO 2QD
Oate:
+ U. ZoZ5

SHEFFIELD THEATRES CRUC18LE TRUST
ACCOUNTING POUCIES
The following acccuntin8 policies have been used consistently in dealing with Items which are considered material to the
company's affairs.
Ststutory Informatlon
Sheffield Theatres Crucible Trust is a charity {No. 11206401 and a company limited by 8uarantee (No 6035820> domiciled in England
and Wales. The registered office is at 55 Norfolk Street, Sheff held. Sl IDA.
Accountln8 ConvÈntlon
The charity constitutes a public beneflt entity as defined by FRS 102. The financial statements have been prepared in accordance
with Accounting and Reporting by Charities.. Statement of Recommend Practice applicable to charltles preparing their accounts in
accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland Issued in October 2019. the Financlal
Reportlng Standard applicable in the Unlted Kin8dom and Republic of Ireland IFRS 1021, the Companles Act 2006 and UK Genera Ilv
Accepted Practice.
The presentation currency is United Kingdom pounds sterlin& whlch 15 the functlonal currency of the charitv,
The financial statements have been prepared on a golng concern basbs which assumes Ihat the company wlll contlnue In
operatlonal exlstence for the foreseeable future.
Inwmln8 Resources From Generaled Funds
Volunlary Income primarily represents £rants recewable. Revenue 8rants are reco8nised at falr value when the company has
entltlement after any performance condit￿n5 have been met, It is probable that the income wlll be recelved and the amount can
be measured reliably. Grants to flnance capital expenditure are credlted to restrlcted funds uslng the same crlterla as revenue
grants,
Incoming resources from charitable activities prlmarily represent ticket sales and related fees for pèrformances conducted in the
period. Any tlckets sold in advance are Included in cash and deferied income.
Charltible A¢tlvltles
Charitable activitles Include expendlture associated with the staging of shows and Include both the dlrect costs and support costs
felatin8 to these actfvities.
Olher Costs
Other costs include those incurred in the 8ovèrnance of the charity and its a55ets and are prlmarily assoclated wlth constltutlonal
and statutory requlrements.
Tanglble Assets
Tangible assets for use by the charlty are capitallsed if they can be used for more than one year and cost over £1,500. They are
valued at cost. No depreciatlon is provided in the year of acquisition.
Leasehold property - Thi5 15 depreciated in equal annual Instalments over the 99-year period of the lease.
Equiprnent and furniture- These are depreciated in equal annual Snstalments over thelr estlmated useful Ilves which range from
3 to 10 years. No depreclath)n 15 provided In the year of acquisltion.
12

SHEFFIELD THEATRES CRUCIBLE TRUST
ACCOUNTING POLICIES (continued)
Reserve5
Restricted Funds- Amounts recelved to finance capital expenditure or where a donor specifies the precise purpose for which the
amounts donated must be used are credited to Restricted Funds.
Depreciation on the assets financed by the Restricted Funds is charged directly to the Restricted Fund In the Statement of Financlal
Activltles.
Designated Funds- Amounts that have been specified by Trustees to be vsed for a particular purpose are credited to Designated
Funds. Thls Includes a fund for unforeseen maJor bullding repairs, a fund for the net book value of unrestricted tanglble fixed
assets. a fund for research and development workshops for new plays and musicals prior to full commissionin8 and a production
fund to support increased production costs.
Unrestrlcted Funds - These are reserves not designated or restricted for a special purpose. These are available at the dlscretion
of the Trustees for such purposes as the Theatre may require. The Trustees. aim is to maintain sufflcient unrestricted reserves to
safeguard the financial viability of the Company.
Lea￿5
Renta15 payable under operating lea5e5 are charged In the Statement of Flnancial Activities In the period in which they are Incurrèd.
Golni concern
After due consideratlon of all relevant factors the company's Income and cash flow forecasts and projections indicate that the
company should be able to contlnue to operate lor the foreseeable future.
The Trustees Iherefore have a reasonable expectation that the company has adequate resources to contlnue In operatlonal
ex15ten¢e for the foreseeable future. Accordin8ly, they continue to adopt the going concern bJ515 In preparing the financial
statements.
13

SHEFFIELD THEATRES CRUCIBLE TRUST
STATEMENT OF FINANCIAL AcfiviTIES
IINCLUDING INCOME AND EXPENDITURE ACCOUNT)
PERIOD ENDED 31 MARCH 2025
Period Ended
31 March
2025
Total
Year Énded
31 Julv
2024
Total
Unrestrlcted
Funds
Restrlcted
Fund5
Notes
Incomlnz resources
Incomlng resources from generated funds:
Donations and legacies
Othef trading activities
Inve51ment Income
Incomin8 resources from
charitable actlvlties
1.778.313
26,667
loo,000
74,819
1.853.132
26.667
i(MJ,000
2.074.387
40,000
168,750
2,693.052
2.693,052
3.193.137
Total Incomln8 re￿¥r¢•5
4,S98,032
74,819
4,67Z,851
5,476.274
R•sources expended
Raising funds
Charitable actlvitie5
620
620
S79
4,355,546
7.000
4,363,166
177,625
4,533,171
7,000
4,540,791
5.665,358
5,300
5.671,237
Other
Total resources expended
177,625
Net Incomln81{out8olni}
resaurc•s befor• transhrs
234.866
(102,806)
132,060
1194.963)
Transfers between funds
124,9401
24.940
Net movement In Fund$
209.926
177.866)
132,060
(194,963)
Fund balances brought forward at l Au8USt
Fund balance$ carrled forward at
31 March 2025131 Juty 2024
892.340
5.243,014
6,135,354
6,330,317
1,102,266
5,165,148
6,267.414
6.135,354
There are no recognlsed 8alns and losses other than the results for the period set out above.
There is no difference between the amounts stated above and their hlstorlcal cost equivalents.
There were no dlscontlnued operations.
14

SHEFFIELD THEATRE5 CRUCIBLE TRUST
COMPANY REGISTRATION NUMBER 6035820
BALANCE SHEET
31 MARCH 2025
31 March
2025
31 July
2024
Note5
FIXED A55ETS
li
5,427.061
5,499,194
CURRENT A55ETS
Debtors
12
463.659
1,345,436
1.809,095
923.082
730.105
1.653,187
Cash at bank and in hand
13
CREDITORS
Amounts fallin8 due within one
year
14
1968,7421
11,017,027)
NET CURRENT ASSETS
840,353
636,160
NET ASSETS
6,267,414
6,135,354
RESERVES
Restricted funds
Designated funds
General fund
5,165,148
886,416
215,8SO
6,267,414
5,243.014
695,873
196,467
6,135,354
These flnanclal statements were approved and authorised for issue by the board of directors on . 25
and signed on its behalf bv..
AL
Mr Matthew Byarn Shaw - Dlrector
15

SHEFFIELD THEATRES CRUCIBLE TRUST
STATEMENT OF CASH FLOWS
PERIOD ENDED 31 MARCH 2025
Perlod Ended
31 March
2025
Year Ended
31Juty
2024
Notes
Cash flow from operatlnz aetlvitles
65S,807
11,612,176)
Cash flow from Inve$tlni aet5vlties
Capital expendlture
Bank inlerest received
Net Cash flow from Investln8 •¢tlvltle$
1140,4761
loo.000
140,4761
(251,198)
168.7SO
182.4481
N•t Increase/ldecreasel In cash and cash equlvalent$
615,331
11,694,624)
Cash and cash equivalents at l Au8USt
730,105
2.424,729
Cash and cash equivalents at 31 March 2025 / 31 July 2024
1,345,436
730,105
Cash and cash equivalents conslsts 01:
Cash at bank and In hand
1,345,436
730,105
16

SHEFFIELD THEATRE5 CRUCIBLE TRUST
NOTES ON ACCOUNT5
PERIOD ENDED 31 MARCH 2015
I INCOME FROM DONATIONS AND LEGACIES
Perlod Ended
31 March
2025
Year Ended
31 July
2024
Unrestrlcled
Arts Council England
Access to Work
868,943
8,844
194,067
2,863
lis
1,303.415
43.017
291.433
694
210
Sheffield Clty Councll
Donatlons and 8ifts
Sponsorship
Gift Aid
703.481
1,778,313
435,618
2,074,387
Total unrestrlrted
Restrlcted
Sheffleld Clty Council - UKSPF Low Carbon Prolect
Total restrlcted
74,819
74,819
Total
1,853.132
2,074,387
17

SHEFFIELDTHEATRES CRUC18LE TRUST
NOTES ON ACCOUNTS Icontinued)
PERIOD ENDED 31 MARCH 2025
2 INCOME FROM CHARITA8IE ACTivmES
Perlod Ended
31 March
2025
Year Ended
31 July
20Z4
Unrestrict•d
Ticket and related s31es
2,693,052
3,193,137
3 STAFF PARTICVLARS
Perlod Ended
31 March
1025
Year Ended
31 July
2024
Staff costs recharged comprised:
Wa8es and salaries
Social security costs
Pension cost5
1,124,616
107,829
73,167
1,305,612
1,615,427
139,638
106,768
1,861,833
All staff have contracts of employment with Sheffleld Theatres Trust and are rechar8ed by that company to Sheffield Theatres
Crucible Trust. Remuneration of key mana8ement personnel is dlsclosed In Sheffleld Theatres Trust.
No staff recelved annual emoluments In excess of £60.000.
One director Is pald £6.00012024.. £6.0001 per annum as a consultant to provide commercial production advice to the trust.
Durin8 the period the same dlrector received a profit share of £2.74912024: £3.219). No other renumeration Of expenses
were paid durin8 the period to the other 7 directors of the company.
18

SHEFFIELD THEATRES CRUCIBLE TRUST
NOTES ON ACCOUNTS (contlnued
PERIOD ENDED 31 MARCH 2025
4 NET INCOMINGIIOUTGOING) RESOURCES
Perlod Ended
31 March
2025
Year Ended
31 July
2024
lal Thls is stated after charging/lcreditingl'.
Auditors, remuneralion as auditors
7,000
212.609
(ioo,000)
5,300
314.796
1168,7501
Depreclatlon
Bank interest receivable
Operating lease rentals:
Land & buildings
44,834
47,183
5 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES
Perlod Ended
31 March
2025
Year Ended
31 July
2024
Net Income/lexpendlturel
Bank interest receivable
132,060
{100,0001
212,609
459,423
{48.2851
65S,807
1194,9631
1168.7501
314,796
316,354
11,879,613)
11,612,176)
Depreciation
Decrease in debtors
Decrease In credltors
Net cash Inflowlloutflowl from operating aclivlties
6 RESOURCES EXPENDED ON RAISING FUNDS
Perlod Ended
31 March
1025
Year Ended
31 July
2024
Fundraising
620
579
19

SHEFFIELD THEATRES CRUCIBLE TRUST
NOTES ON ACCOUNTS (contlnued)
PERIOD ENDED 31 MARCH 2025
7 COST OF CHARITABLE ACTIVITIES
Perlod Ended
31 Morch
2025
Year Ended
31 Julv
2024
Productlon Costs
Staffing cost5
Scenery, costtsmes, materials
Productlon servlces
Royaltles and cornmlssionln8 fees
Additional dlrectors., deslgners, and other guests, fees
Indirect production consumables
Miscellaneous c05t5
Educatlon project stèfflng costs
Educatlon project costs
Visitlng companies fees and other costs
Re.charge to co-producers and visiting companies
Programme costs
Llcences and subscriptions
3,406
163,711
1,842.097
35,285
29.368
50.214
47,402
80,435
43,399
41,433
8,497
193,882
1,860,305
103,963
18,990
54.044
88.505
120.868
62,888
201,586
112,2181
10,608
1,008
2,712,926
21,234
374
2,358,358
Staff Costs
Staffin8 Costs
Tralnin& recruitrnent and other costs
1,139,368
5,735
1.145,103
1,605,879
14,259
1,620.138
Establlshment Costs
Rent, rates and Insurance
Heat and power
Electrlcity
Repairs and renewa15
Waste disposal
Depreciation
124,484
35,379
124,371
63,753
19,503
177,625
545.115
169,768
42,767
137.147
111.839
26,986
266,435
754.942
Sellln8 Costs
Publicity and advertisln8
Box office computer Systems
Miscellaneous selling costs
Credit Card commission
216.501
24,241
10,179
23,932
7,346
613
193,696
33,715
2.734
54,165
15,219
1.253
300.782
Telephone, postage, stationery and photocopying
Travel and entertainin8
282,812

SHEFFIELD THEATRES CRUCIBLE TRUST
NOTES ON ACCOUNTS (Continued)
PERIOD ENDED 31 MARCH 2025
7 COST OF CHARITABLE ACTIVITIE51contlnuedl
Peilod Ended
31 March
2025
Year Ended
31 July
2024
Support Costs
Staffing costs
TralnlnL reciultment and other costs
Depreciation
Telephone, postage, stationery and photocopying
IT malntenance and perlpherals
Travel and entertainin8
Professional charles
Bank charges
Llcences and subscrlptlons
Securlty
Mlscellafieous
82,403
17,337
34,984
1,275
15,406
9,720
5.341
2.977
22,923
126,589
26,715
48,361
2,109
16,323
12,372
9,776
4,742
15,878
8,453
5,252
276,570
2,357
201,783
Total costs of chaf itable activitles
4,533.171
5,665,358
8 OTHER COSTS
Perlod Ended
31 March
2025
Year Ended
31 July
2024
Auditors, remuneration - governance costs
7,lJ)O
5.300
21

SHEFFIELD THEATRES CRUCIBLE TRUST
NOTES ON ACCOUNTS (contlnued)
PERIOD ENDED 31 MARCH 202S
9 RESERVES
At l August
2023
Incoming
Resourtes
Out80ini
Resour¢e5
Transfers
At31 July
2024
RESTRICTED
Accumulated 8uildin8 Fund
Garfield Weston Culture Fvnd
Capital Redevelopment Fund
Tolal Re$tricted Funds
592,757
109,563
4,807.129
5,509.449
112.4341
127,3911
{226.6101
1266,435)
580,323
82,172
4.580.519
5,243.014
UNRESTRicfED
General
28.868
305,000
5,476,274
15,404,802)
96,127
1101,1981
196,467
203,802
Oesignated - major repairs
Oeslgn3ted- artistic research
& development
187,000
187.000
Oes18nated- production
300,0(K)
300,000
Designated- Emily's welcome
Total Vnre$trl¢ted Funds
5.071
5.071
892,340
820,868
5,476.274
(5,404,8021
Tolal Funds
6,330,317
5,476,274
(5.671,237)
6,135,354

SHEFFIELD THEATRES CRUCIBLE TRIJST
NOTES ON ACCOUNTS (continued)
PERIOD ENDED 31 MARCH 2025
9 RESERVES Icontlnuedl
At l August
1024
Incomlng
Resources
Outgoln
Resourtes
At 31 Mareh
2025
Transfers
RESTRicfED
Accumulated Bulldin8 Fund
Garfield Weston Culture Fund
580.323
82,172
4,580,519
5,243,014
18,289)
118,261)
(151,075)
(177,6251
572,034
63,911
4,529,203
5.16S.148
Capital Redevelopment Fund
Total Restrlcted Funds
74,819
74,819
24,940
24.940
UNRESTRicfED
General
Desi8nated major repalrs
Deslgnated - artlstlc research &
development
Desi8nated production
Desi8nated fixed asset
Designated - Emily's welcome
Total Unrestrlcted Funds
196,467
203,802
4,597.462
14,193,182)
1384,8971
124,9401
215,850
178,862
187,000
135,0001
88,000
240,000
300,IXIO
(100,000)
134,9841
200,000
261,913
5,641
1,102,266
296,897
5,071
892,340
570
4,598,032
{4.363,166)
124,9401
Total Funds
6,13S,354
4,672,851
{4,540,791)
6,267,414
The accumulated buildin8 fund is amounts received to finance improvements to leasehold premises and purchase furniture
and equlpment
The Garfleld Weston culture fund 15 the balance of funds recelved to finance purchases of dlgital equipment now capitalised.
The capital redevelopment fund is the balance of funds received to finance the redevelopment work on The Crucible Theatre
now capitalised.
The designated fund for major repairs and renewals Is a fund for unplanned major repairs. Investment into new equipment or
the refurbishment of the theatre.
The deslgnated fund for artistic research & development is for research and development of new plays and musicals prior to
full cornmissioning.
The production fund is to Support increased production cost5.
Emily's welcome fund has been set up in memory ofour former Learning and Participatlon manager, Emlly Hutchinson, to
supporr access to our Creatlve Engagement work.
The designated fund for fixed assets represents the net book value of unrestricted tangible fixed assets, The expenditure frorn
the fund represents depreciation char8es, and transfers into the fund will be made for future addition5 to the charity's fixed
assets.
23

SHEFFIELD THEATRES CRUC18LE TRUST
NOTES ON ACCOUNTS (contlnued>
PERIOD ENDED 31 MARCH 2025
10 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestrlcted
Funds
31 July
2024
Restrl¢ted
Funds
31 Julv
2024
Total
31Jufy
2OZ4
Tangible fixed assets
Current assets
256,180
1,653.187
11,017.0271
892.340
5,243,014
S,499.194
1,653,187
11,017,027)
6,135,354
Current Ilabilities
5,243,014
Unrestrlcted
Funds
31 March
2025
Re5trlcted
Funds
31 Marth
2025
Total
31 M•r¢h
2025
Tangible flxed assets
Current assets
Current Ilabilltles
261.913
1,809,095
1968,7421
1,102,266
5,165,148
5,427,061
1,809,095
1968,7421
6,267,414
5.165,148
24

SHEFFIELD THEATRES CRUCIBLE TRUST
NOTES ON ACCOUNTS (continued)
PERIOD ENDED 31 MARCH 2025
11 FIXED ASSETS TANGIBLE
Land and
Buildings
Long
Leasehold
Flxlures and
Flttlngs
Plant and
Equlpment
Total
Cost
At l August 2024
Addltlons
DIspos31s
At 31 March 2025
6,614.530
2.IXI3,908
135,878
5,924.318
4,598
14,542.756
140,476
6,614,530
2,139,786
5,928,916
14.683,232
De
reclatlon
At I Au8U5t 2024
Charge for the period
Disposals
At 31 March 2025
1,885,635
69,750
1,548,911
74,292
5,609,016
68,567
9,043.562
212,609
1,955,385
1,623,203
5,677,583
9,2S6,171
Net Book Valu
At 31 March 2025
4.659,145
516,583
251,333
5,427,061
At l August 2024
4.728,895
454,997
315,302
S,499,194
12 DE8TORS- DUE WITHIN ONE YEAR
31 March
2025
31 Julv
2024
Trade debtors
Other debtors
Amounts owed frorn parent company
Amounts owed by fellow subsidiaries
Prepayments and accrued income
36,601
21,052
173,321
269.486
215
611,52S
117,184
923,082
157.357
463,659
13 CASH AT BANK AND IN HANO
31 March
2025
31 Julv
2024
Cash in hand
Cash at bank
2.701
1.342,735
1,345,436
2,433
727,672
730,105
2S

SHEFFIELD THEATRES CRUCIBLE TRUST
NOTES ON ACCOUNTS Icontlnuedl
PERIOD ENDED 31 MARCH 2025
14 CREDITORS- DUE WITHIN ONE YEAR
31 March
2025
31 Julv
2024
Trade creditors
Other taxation and soclal securily
Amounts owed to fellow subsidiaries
Amount owed to parent company
Accruals and deferred income
145.443
124,995
1.193
181,241
3Lh),000
535,786
1,017,027
697,111
968,742
15 ANALYS15 OF CHANGES IN NET FUNDS
At
At
l August
2024
Cash
Flows
31 March
2015
Cash balanc
730.105
615,331
1,345.436
16 FINANCIAL COMMITMENTS
31 March
2025
31 July
2024
L•nd and bulldlngs
Within one year
Between 2 and 5 years
Over five years
43,250
173.000
76S,237
59,250
173,000
794,071
17 ULTIMATE CONTROLLING PARTY
The ultlmate controlling party is Sheffiekl Theatres Trust, a registered charity.
18 TRANSACTIONS WITH RELATED PARTIE5
In accordance with FRS 102 paragraph 33.IA the company has taken advantage of the exernption from disclosing transactlons
with its parent company ènd its fellow wholly owned subsidiary companies.
Lease payments of £10,667 were made to the Sheffield City Council for the Cruclble Theatre. Sheffleld City Council have
representatwes on the board of trustee5 of Sheffield Theatre5 Trust.
28