2024-03-31-accounts

Registefed number.. 06326484 Charity nurnbvr.. 1124477 HIGHTIDE FESTIVAL PRODUCTIONS LIMITED (A company limited by guarantee) UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED {A company limitsd by guarantee} CONTENTS Page Reference and administrative details of the Company. its Trustees and advisers Chaimian's ststement Artistic Director and Chief Executive Officers Report Trustoes. report Independent examinerf5 report Statement of financial activities 9-12 13-14 15 Balance sheet 16-17 Statement of cash flows 18 Notes to the financial ststements 19-34

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limited by guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Timothy Nicholas Cla￿, Chair Emily Anstead Alan Peter Booktmnder {ap￿inted 26 June 20241 Jane Elizabeth Metcalfe Ball {ap￿in[ed 1 April 20241 Greg¢xy John Philip Brenman lappoinled 1 Apnl 20241 Caroline Eleanor Frances Dyott lapwinled 1 April 20241 Susan Elizateth Fosbury Juliet Gilkes Romero lapwinled 1 Apnl 20231 Elma Marcia Glayjow {ap￿inted l April 2024) Kale Louise HaNey Sarah Victona Hotmes Lucy Mary Maud Rowan-Rot4"nson (apFL)inted 1 April 20241 Cc4in Te￿nce Mailland Simon lappoinled 1 April 20241 cla￿ Siobhan Slaler {aprK>inled 24 SeplemLw 20241 Matthew David Webb Jonathan Palric Gilchrist I￿signed 20 June 20231 Vinay Patel Ireggned 26 Seplember 20231 Company registered number Charity registered number 1124477 Registered offlce 24a St John Street London EC1M 4AY Accountants Larking Gwn LLP Chartered Accountants 1st FlocK. Prospect Hwse Rouen Road Ncwch NR1 1RE Bankers Uoyds TSB 22-24 S(XAhaMptc￿ Street London WC2E 7JA Page 1

HIGHTIDE FESTIVAL PRODUCTIONS LIMFTED (A cornpany limited by guarantee) cH￿R.5 STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 The Chair presents his statement for the year. I was delighted lo see sthal HighTide achieved in 202￿4. 11 VAS an honour lo witne&s the wonderful work that HighTide prcrfjuced.. from a ¢xJmmunity choir piece about the farnous hemng girls protest on Loweslofl beach," lo the spwky, sold-oul. 26 location run of Gho Stories by Candlelight,. alonggde the raft of new wnler development and community engagement projeds we laund)ed. The A￿s￿"C DirectorlCEO's Report gives the detail of our a￿StiC acts'vity and celebrates Ihe personal impacts Il had on wnlers, partiopanls and audiences. 11 also outlines our healthy organisalional evolutson and strong finanaal position for the year. Our income for the year was ggnificanlly over our larget. and we managed our expenditure lo be less than the budget. showng that crtjr ueab.ve aMbitiC￿ is alvrays matched by prudent planning. My heartfelt thanks go to Jon Gilchrisl and Ifinay Patel who retired from HighTide's Board in 2023124. Both had been dedicated and enthU￿astIC Trustees for many years. and Ihe staff and all of their fellow Board members are grateful for their huge contn'butions lo HighTide and for all of their expertise. ingghls, time and energy. I am pleased lo welcome Juliet Gilkes Romero Ytho joined the Board in the year. a UK-leading playbn'ghl who brings a passion for our horne region in the East and a pa￿cular cornmitmenl to diversrty and inclugon. The Board and l also ￿OleheartedIY thank Emma Buuer Smith. w)rked with us as Executive DirectorlJoinl CEO in the year, in particular for supwrting us to reshape the ￿)mpan￿S leadership structure before departing in March 2024. As you s*ill read below. it ¥vas quite the year. We could not have done il without our partners, donors and funde￿. Thank you so muth for supporb.ng tomorrcws playwights. today. rim Clark. Chair Date.. 24 September 2024 Page 2

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limited by guarnntee) ARTISTIC DIRECTOR AND CHIEF EXECUTIVE OFFICER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 2023124 was a Iwly exobng year for Highfide,. a year in %thith nth￿Y refreshed artistic miswon. VI￿On and values - crafted al the end 0122123 wth my arnval at the company- were first br￿ght lo life. Our artistlc mission HighTide is a vmtei-centred theatre company. based in the East of England. We produce new plays by playwnghts from our region, touring a(xoss the East and beyond. We run a year-round writer development programme that creates space for East of England playwnghts lo thrive. We offer creative wnting prcgrammes in SCh￿IS and community gnxjps to build confidence. wellbeing and employaimllly. We are committed to ensuring everyone. from all backgrounds. can partiapale in the joy and r%)wer of thealre. We believe thal partnefship and collatoration makes better theatre. as %%ell as more lasting. positive social change. Highride hdds the climate crisis in ils name- a daily reminder of our resp￿$bility to act now- wth imagination and creativity. We see dimale and social jusiice as inextncably linked and believe that thealfe can help rehearse a better future for us all. Our 2030 vision For our playvrrights: By 2030, the East of England will be a recoJnised seedLd of exceptional. diverse aThJ thriving playThTrtsng lalenl. For cxjr communities.. By 2030. Highfide's targeted creative wriling prcgrammes wll have in￿eased confidence. wellbeing and employability bn our home regon. For our industy. By 2030. HighTide will have sho￿7 that il is only wjsgble. but creatively exhilarabng. lo beoyne a Net Zero theatre company. For us as a company.. By 2030. Highfide will continuo to be a nab'onally celelyaled new wnbng Company. led by our values and with strong finanual resilience. Our values Indusive Ambitious Cdlaboralive Kind and candid Dedicated lo writers Focussed on the East of England In 2023124, we used these guiding principles lo vKtte our Strategic Plan 23-26. This doojmenl Is now an acbve touchstone for the vth(Ae ccrfnpany. threaded 1hrough￿l with meagjrable KPIS that ensure y￿ are reaching our polenlial. Page 3

HIGHTIDE FESTIVAL PRODUCTIONS LIMrrED IA company limited by guarant8el ARTISTIC DIRECTOR AND CHIEF EXECUTVIE OFFICER'S REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 The Strategic Plan's Executive Summary has eight ￿rn$. I'll expand on how lo¥wards them in 2%24'. ASM 1- A Writer£¢ntred Company with Inclusivity at Our Heart 2023124 saw us reshape our rAanning amund wnler5. The eviden￿ in becL¥ning truly ￿nter￿ntr8d. was aulhenlically felt vthen Ouf Writer in Re&den￿ - Cofchesler-based Nicola Werenowska - kindly nominaled me for an Wnlers. Guild of Great Britain Award for the 'exceptional encouragement of playbwights.: 'Across the Iwo decades that 13een wilting plays profesS￿nally, I feel incredibly p17w"leged to have been supported by many people Who￿ gNen me Ih&r lime. eneoy, praclical resources BUT no on8 has ChaMp￿ned me and my woth I￿e you have over the past year.- In 2023124. we exceeded our equality, dIVe￿ty and indus11￿ KPIS in all creats've areas. induding for our lead artists. HighTide Writers Group and Play*•￿ ghts East netr￿Tk. Aim 2 . Exceptlonal New Plays In aLrturnn 2023124. we piloted a new model of cotnmunity l(MJring for my first lour as Highride Artistsc Direclor. Wntten by East of England writers- Kelly Jones, Shamser Sinha and Nicola Werencwska. wlh mugc and lyrirs by Georgia Shackleton - Ghost Stories by Candlelight Wds made up of three Short. chilling plays sel across our region and woven together %Mlh live East Anglian folk mugc. It was skillfully directed by Elayce Ismail and desgned by Chadotte Henery. Across the East. Ihe production Iravelled bekn￿n regional urt)an mainstages. market lovm perfomiance halls. andl 'found spaces, in njral and coastsl villages like pubs and museums. 11 then transferred lo the stunning Sam Wanamaker Pla￿OUSe at Shakespeare's Globe in London. The reSp(￿se$ exceed&J all our expectstions". "Chillingly modern stories. Ima￿natiVelY Iwitten & perfOrn￿ ￿th gothic flairf- The Stage A light, taut hwhly enterta￿ing eveniTrJ". East Anglian Daily Times The prc#Juction sold out almost eVery￿ere il went. selling 2,933 tickets (1330A of the 2.207 tickets tsrgetl. We even added additional perfomiances at ￿ Glikn to meel demarKI. Our audience fe&Jback was hearfvtsmiing: 'Gnp￿￿. cuffenl. Ihoughl-pmvoknng- "Enl8rtaining, 8maang, innovatrrfe. Whays moTr. our evaluation vmlh the artists involved inspiring.. Wothing on this Sl￿W has b8en transfomiat￿al. I fell realty SUp￿rted by HighTid& to take risks.. -ft has given me 8 sfronger iden&"ty as an East Anglian platrwrighl." "HghTide is a lovely company lo worfl wilh. So pass￿18 at￿ul ernwwering each other." HighTide Y￿uld like lo thank East Suffcdk County Counal and Arts Council England'5 National Lottery Project Grant for their funding %thich supported this pilol year of community touring at HighTide. Page 4

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED (A company limited by guarantee) ARTISTIC DIRECTOR AND CHIEF EXECUTIVE OFFICER'S REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Aim 3 - Writer Dgvelopment As a ccrfnpany nevAy dedicated lo East of England playvKights, Y started 2023124 CC￿u1ting wnlers in our region on that they needed frcrfn Highfide in ordef lo thnve. 80 playwnghts joined our faulilaled sessions. voicing their hopes. Two wnler development programmes were created as a result: Playwrights East and the HighTlde Writers Group. The first year of Ihese two prLyJrammes were gener￿SlY funded by the Foyle Foundation and the Noel Coward Foundation. We also piloted a new one-day festival, Highfide Th'sirMJ. to showease emerging playvdnghts from our region. Our Playvmghts East programme launthed in September 2023 and. in just six months, we had created a mmunity of 215 member5 1269% of its initial target of 80 members). This scheme is free to access lor everyone. and offers monthly I￿)rks￿￿ led by leading &￿ay￿TIghts to build partiopants. craft and industy networks. 217 participants atteThYed a Playvrrights East V•r)rkshcp in 2023r24. bl hTide Wrilefs G 197 playwrights from acmss our region ￿bMitted suipts for (Njr first ever HighTide Writers Group. A panel of experts selected &x exceplional vfflters". Marie c￿per, Clare Currie, Ted Maryiolt. AncL)p Singh. Rosa Torr and Esohe Uvradiae. The first HighTide Writers Group began in February 2024 and is being run by learfing playknrighls Juliet Gilkes Romero (The Whip, RSC) and rim Price {Nye. National Theatre). Over 12 months, they give our writers the tools arwj skills they need l018unch their careers as playwrights. Each partiopanl is paid to attend, emphasising the value and impMance ot thwr time. hfi In May 2023. a sold-out audience gathered tcJethw for Highride F￿"sIng. a one-day fe￿"Val in the gjnny countys'de al Wingfielo Bams. Diss. The fesl.val wisisted of rehearsed readings of new tAays by upcfxning East of England FdaywTights Tassa Deparis, Guleraana Mir, Eloise Pennycott and Tom Raldiffe. The day ¥WdS CO•hosled by leading playwTighls Juliet Gilkes-Romero and Lucy Ifj'rk￿ rrhe Witches. National Theatre). AUdien￿S were given the chance lo hear from the wn1￿5 arKI share their feedback. HighTide Rising was run in partnership with the Univergty of Easl Anglia. ASM 4- Creatlvo Writing in th• Community 2023124 contin￿d our (xlmmitmenl to Lo￿St0ft as the hub for ow community eThJagement activity. mn This year saw us pr(xJuce a sorwjqde for the First Lighl Fesknval. We commissioned Hannah Jane Walker and Je￿e Maryon Davies lo ciKreale Herring Girls.. greater than V•e are alone. wth three community Ch￿rS based in and arcMJnd Lovstoft, with 50 peO￿e aged years dd. It ￿lebrated the legacy of the famous herring girls, protest over fair pay on Lcmestoft beach in 1936. Herring Girts vrds made in partnership by six local ￿ltural partners and provided seven Y￿ng creatives from the area wth paid, profewonal devdopmenl opportunities. 11 ￿ds generously supported by The D'oyly Carte Charitable Trust, The Esmée Fairbaim Fc4Jndatson. The Geoffrey Walling Charity. Nichol Young Foundab'on and the Suffolk Crynmunity Foundation. Page 5

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limited by guarantee) ARTISTIC DIRECTOR AND CHIEF EXECUTIVE OFFICER'S REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 "I now have so much nwe cL￿[￿ence in my &￿Ing and in conlrolhng my Adthson's Dtseas8 and Ihal's a real grfl lo me, thank you." _ Ch￿r partiripant "l ¥valched the Hemng Girfs perfonnance I￿ay. ft was a very enlertainiry and mowng c￿s1¢y7 and you captured Ihe essence oflhe story and kul historyperfedly." _ Audience member bl Slo Worlds 202&24 ¥Yas the pilot year of our sltyelling pr¢4ect. Story Worlds, that aims lo increase the literacy and oracy levels in pnmary schwl children in Ihe LLwstoft area. 107 pupils look part. "English has ex￿nded in qualty, vocabulary. and t))nr￿enCe wnce starting lh8 pfoiect. Th&r8 has also been a much h￿her l&vel ofengapment and desire lo wnte- _ Tea(ther Using Highfide's expertise in creative writj.ng aThJ theatrical skn'lls. and co4esgned with input from NL¥th Suffolk County Council, Lowestoft LCEP and the National Literacy Trust. we vL)rked wth three targeted schools from January- March 2024. To remove barriers for pafticipth"on. the prc¥ect was ￿mpletelY free for schools. Watching all chJ7dren being included in the perform8nce induding Ihose with addit￿al needs and thos8 ¥vho prewously didny want to participate was just biyllianf.- _ Teacher The three ￿hc•jIs took to the Marina Theatre's stage in a celebration evenL w10￿Ing their stories to over 3CK) pafents. carers and audienee members. 75% of le￿h￿S agreed. and 25% strongly agreed. thal"Slory W(wlds has helped lo increase my pu￿15, creativity and ability to express themselves.. Post*>roject, 600A of students now felt"happf atr)ut vditing stOTtes IPTe-proiect: 35•kl Posl-project. 50°A of students now felt"happ￿ at￿lut sharing their ideas {Pre-project'. 40%) Slory Worfds vras knndly fundwj ty the John Hcrfsman Trust and the Frank Jackw Community Fund through the Suffolk Community Foundation. AEM S- ACE'S Investment Prln¢iples We are privileged lo be an Arts Ccmmol EnglarKI NPO {Nalional P(wffolio Oryanisalionl benefiting from ¢))re funding across the period. Our Strategic Plan 2&26 and its KPIS are diredy aligned with ACE'S Let's Create Strategy. ACE'S Investment Principles {IPsl are= Ambition and Quality Indu￿¥Ity and Relevarte Dynamiyn Ellvironmentsl ReS￿￿&bIlity These IPS are now a standing agenda item al wr quarterly Board meetiThJs. Each IP has an allocated Board champion who revie￿ acb'vity aThJ ￿￿rtS on pr(¥Jress made. In 2023124, ACE'S IPS wpre a focu5 of the Board Away Day to inuease and embed avrdreness. Page 6

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED (A company limited by guarant99) ARTISTIC DIRECTOR AND CHIEF EXECUTIVE OFFICER'S REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Atm 6- Net Zero by 2030 Our eart￿)n repjrb.ng in the yEar saw our C02e emiss￿$ at 18 tonn￿ our new baseline for r￿uctIon going foN4ard. This metric is essenb.al lo understsnding our carton impact as a company. bul HighTide is also pioneering a new approach for theatre-makers (and bUSne&￿ more bmadlyl In how lo CL)nsider the dimale cri&s in our daily activits"e& Climate Oramaturgy. This approach we bdieve wll. in lum. reduc8 our earts)n l¢x)tprinl. Climate Dramaturgy 2023124 saw us benefit from an AHRC Knowledge Exchange FellO￿h¥p grant from C8mbridge University lo embed into Highfide the in￿vatiVe. new arts'stic practice of Climate Dramaturgy. Developed by our Associate Artist Zoe Svendsen wlh me over the past year il is de&gned lo open up the creative conversab.on on environmentsl athon. This is key to our DeCarb￿l$ats.0n Action Plan. b￿n9 finalised in 2024125. This KnovAedge Exchange saw 763 partiapants at our aimate Drdmaturgy w•￿rkshopS and events ￿th in the region and nationally. "I want to spread the word. Climafe l)ramalurgy feels like a w7crete thing I can do and act￿ l Gan lake for the climate - and for ourfulure." . Theatr￿make[ partirypant We can now see ways lo worf( toJether lo make mpaninglul enwmnmental change in our region.. Calvert-Lyons, Artistic Diredor CEO. Theatre Royal Bury St Edmunds Alm 7 - Re4hape the stsff Strudurg and Board By the end of 2023124. we had reshaped our slaff strLthre in order to deliver t￿r new artistic mission with effioerKy. We ￿Te lucky to be joined in Ihe year by Emma Butler Smith as Exe(xrtive DirectorlJoinl CEO. Emma V￿rked ilh us for gx months. developing our Strategic Plan amongst other ValUa￿e conlributs'ons. She reccgnised an oppcKtunity for a senior-level restructure to allow On-th￿roUnd delivery ol HighTide projects and produthons in the loNJ-lemi. She left the ￿1MpanY in March 2024 having made this recommendation of a sole CEO mcmjel. We the￿fore went into 2024r25 with plans in place for a new slaff structure that sees us benefib.ng from Producer, a General Manager and a Development Manager full-time. %Mlh a part-lime Engagement Manager and Finance Manager. All ￿]lkIng into the Arbstic DireclorlCEO. This change has fell Iranslomiational for the team, and Ihe artists and partiapants W￿ SUFpyL We ended the year wth a TnJSI￿ recruilmenl drive. seeing gx ex￿plIC￿al new Trustees brought on Board with strong ￿gIonal representation and dive￿ areas ol eX￿rtiSe. Our Advis¢yy Counul also expanded in the year, with tw) new members joining with strong ne￿￿rks. Airn 8 - Resilient Financial Model We returned an operating suwus of £47,047. c4Jmpared to a budgelgd surplus of £1,560. This positive Varian￿ was driven by a number ol elements %thich evidence us succeeding in our slated aim of achieving a re&lient financial model. wilh a grovth in inctyne alongyde light management of expenditure. GI￿st st￿les by cand￿lIght ￿￿5 a great example of us holding a well-balanced commissic￿ln￿prc￿jUction slate. with strong commercaal appeal. We sold 71QA more b'ckels than we anlicipaled for that lour13,082. against a budget of 1,800 Iickelsl. Our fundraigng incc¥me c￿u￿entlY grew. blm)Y￿ by that audience appeal. Page 7

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limited by guarantoe) ARTISTIC DIRECTOR AND CHIEF EXECUTIVE OFFICER'S REPORT CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Financlal Summary The 2023124 year end finances al HighTide ￿ere in a healthy Frf)gtion. with total unrestricted reserves ol £188.646 and free general reserves of £125,033, just below the target of six months, o￿Tab"ng costs1£135.OC(JI as sbpulaled by HighTide's Reserves Policy. Sperylically. we benefited from higher Box Office income 1£20.314 ats)ve targel}.' higher Thealie Tax Relief Investment 1£21.381 above target} and higher fundiaised Income {£6.3C6 above tsrgetl. coupled wlh savings across prcxjuction. engagement and operations spend totalling £48.291. Future Plans 2024125 A￿StIC Activily.. May-July.' Covproducing Bind%*ed by Martha Lo&ler wth the Mercury Theatre. New Wolsey in Ipswch. and In a&gJciabon wth the Royal Exchange in Manthesler. June". an audio installation of The Beach Hul by Nicola Weren(￿￿￿ka at First Light Festival Seplember-November.- Produang m0￿_._Gh0sI Stories by Candlelight by Tassa Depans. James McDermott. Eloise Pennycott and Aisha Zia. in assoaation wlh Ea5tem Angles. Harlow Playhouse. Theatre Royal Bury Sl Edmunds and Shakespeare's Globe November. HighTide RI￿ng 2024 January-march 2025.. Year 2 of Story Worlds Year-mund". Playvmghls East activities and continuing our Highfjde Writers Group Strategic and Operational Activity". Recruiting new Trustees and a new Chair of the Board Writing our Oecarbonisalion Action Plan 2030 Recruiting a Gerjeral Manager Designing a bespoke Evaluation Toolkit Applying for an exlengon lo our ACE NPO funding for 2026127 I would like lo thank the artists. stsff. partner organisations. volunteers and Board ￿￿{ked tirelessly throughout Ihe year to SUPFth HighTide's misyon and ueale excellent new Ihealre from and for the East of England. Clare Slaler Artlslic Director and CEO Date 24 September 2024 Page 8

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual reFQrt logelher wth the finanaal statements of the C￿PanY for the year I Apnl 2023 10 31 March 2024. The Annual reF4Jrt serves the purFM)ses of both a Trustees, retM)rt and a directors, reFwJrt under company law. The Trustees confirm that the Annual rerxjrt arxj financial ststemenls of the ehaniable LX)rnpany cornply ￿th the cu￿ent statutory requirements. the requirements of the chantsble companWs goveming d¢xument and the provisons of the Statement ol Recommended Practice ISORP) applicable lo chanbes preparing their accounts in accordance wth Ihe Finanual Reporting Standard applicable in ihe UK and Republic of Ireland {FRS1021 leffecb.ve 1 January 2019). Since the Company qualifies as ￿311 under section 382 of the Ccwnpanies Act 2006. the Strategic rep)rt required of medium and large companies under the C(xmponies Act 2006 (Strategic Report and Directors. Report) Regulations 2013 has been omitted. Objectives and adlvitles a. Policies and objectives The charity's obj'ethves are lo atharKe education in the arts lor the benefit of the public. in parlicular by encouraging, and providing faulilies for. Ihe understanding. app￿ation and development of the arts generally. and In partjojlar In the field of dramats'c art. mugc and craft. The chantys main aims for 202&26 and how HighTide has y￿rked tovrdrds them in 2023124 have been detailed In the CEO'S Rep￿. By prcmyucing theatre and funding Ihe core organisation that allo￿ the chanty lo do this. the chariVs expendilure for the year was pul vtholly into meebng these objecbves. In sethng 0tr4'eth"ves and planning for a¢b"vitse& the Trustees have given due cc￿S[deratiOn to general guidance published by the Charity COMMI￿(￿) relating to public benefit. including the guidance'Public benefit.. running a chanty IP821'. Achlevements and perfornianc• a. Main achlevements of thè Company HighTide's achievements have been detsiled extensively by Clare Slaler in her Artsstic Directo￿ reFQrt and we are grateful lor her detailed breakdown. Significant highlights for Ihe charity in 2023124 indud8.' Exceeding KPI'S across diversity. equality aThl indu&on In all creative areas Beating box Offi￿ taigets by 133% for our new hybrid mLwJel ol tounng on Ghosi Slories by Candlelight. proving an unadulleraled sU￿&S wilh audience, cffttscs and finanoally (or the charity Creating a brand new, regI￿-w7de wnting development prcMJramm8 Significant reach in L(￿￿$10ft vthere y￿ conbnue to develop our relabonship v￿th the eofflmunity through Cfealiv8 wnling projects for a rang8 ol demographics Page 9

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED A Gompany limited by guaraniee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal review a. Going concem After maknng appropnate enquines. the Tnjslees have 8 re3sonable expectation that the Company has adequate resources lo continue in cyrational existence for ihe foreseeable future. For this reason, they ntinue to adopt the going concem bags in preparing the finanaal statements. Further details regarding the adopbon of the going C￿ncern bags can be found In the acccuntsng polioe& b. Reserrfes policy HighTide's general policy is to work with a break-even budget in the medium lerm. General reserves are essential lo the Smooth running of the business to protect il from potential financial 5hLKks such as loss of a regular funder. lo provide funds for planned Capital eX￿ndIt￿re, to enable the leverage of such funding that may require malch-funding. to lake advanlage of oppcKtunilies of stralegic Importance which may be difficult lo fund. to meet liabilities, in parb"cular to Staff. in the event of the company being Ydound up or lo meet sh￿-teM7 unexpeded cashflow issues. The pclicy ststes that Generdl reserves levels should be a minimum of £100k with a target of £135k, being 6 months of Core opetaling costs. The calojlalion of General reserves exdudes fixed assets. restrF'Cted and deggnaled reserves. Also exduded is Theatre Tax Relief receivable wng lo the long lead-lirne19-21 months from expenditure lo receipt of funds) and the pos&bility that government policy may remove or reduce the relief al any Itme. The Deggnaled reserve is to to enable 'arbsb"c prcgramming risk,. acknoyledging that future new v￿rkS are vitsl to make but may occasionally expenence extemal do￿t￿mS lunderperfomiing box office or low uptake of copr(MJuang inccnel. The chanty relumed unrestn.cted reserves of £188.646 as at 31 March 2024. In addition. Highride dosed the year wlh lotsl Restn'cled funds of £18,288. After excluding the Deggnaled fund balanc of £20,0￿) and Ihe Theatr8 Tax Relief debtor of £43.613. General reserves amounted lo £125,033. ¢. Financlal rlsk managemenl obJe¢tlves and pollcles A Finanaal Controls Policy is held within the company's Strategic Plan. This is assessed annually by the CEO and Board Finance and Audit Committee and delails melhcmys of budget setting. monthly financial reviews and repy)rting. Finanaal and operaling risks t(KJelher with miligalions planned are reviewed inlemally on a monthly bags and shared wth the Finance and Audil Committee and shared with Arts Council England on a quartedy bass. The most significant risks the bugness is congdering now are'.10ss of kn￿edge from stalflgovemance attrition or extended leave (key mibgalions.. gJCCe&si￿ planning." more rigorous dccumenlation of processes. procedures and poliaesl," reduced ability lo (xeate or tour V￿rk uealed by lad( of partner venues available lo invest Ikey mib'galions.. mainlarn excellent relab"onships with venues, ensure h￿h quality vK)rk lo keep HighTide al lop of the list of partners to %￿rk wth, explore other lun¢Ying mcrfjels eg tnjsts and foundalionsl., lo&% of significant funding g)urces (key miligalions." Maintain excellent relationship wlh ACE including delivery of valued oulpuls., new dedicated development stsff memw, new Advisory Counol lo suppjrt fundra15ing'. Increased reserves levels). Page 10

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company Ilmited by guarantee) TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 d. Principal funding 2023124 saw continued 9Jprnrt for HighTide fnjm Arts C￿nCil England as a Naliwal Portfdio Organisalion. This funding Is confinned unbl March 2026. Structurei govornance and management Constitution The charity is conskn'luted as a company limited by guarantee. and is govemed by a Memcandum and AAides of A$so￿atr"on. b. Methods of appoinlrnent or election of Trustees The Board of Directors form the goveming body. All Directors of the company are also Tnjslees of the charity. and there a￿ no other Trustees. The Board has the poV￿r to appoint additional Trustees as il sees fit. Recruilmenl of new Trustees Is dI￿SSed regularly al Board meetings, with the aim of addressing skills gaps and broadening divefsity. The recruilmenl pffjcess is led by the Chair. supported by a sub<ommittee of Tnjstees. New Trustees receive a comprehensive induction pack which indudes Terms of Reference for TnJslees at HighTide', our current Slralegic Plan.. most recent management actsyjnls and audited accounts.. and the chanty's Memorar)dum and Artides of As50u"ation. Additional training for Twstees is arranged if needed. c. Organisational structure and decision•maklng pollcies In 2023124, the day-l￿daY managemenl of the charity Wds ddegaled lo the Joint Chief Executives. These ons were occupied during the year as foll0v￿. Artistic DirectorlJoint CEO: ExeoJbve DirectorlJoint CEO.. Clare Slater Emma Buler Smith The company vras restructured in March 2024, as stated in the CEO'S reF#Yt. to a sole CEO model. The chanws Stralegic Plan and annual tMJdgels are subj'ect lo 808rd approval. The CEOS, progress in rinancial management is monitored ￿￿ladY by a sutpcommittee of the Board. This Sut￿cOMMittee reports direcuy lo the full Board. vkno meel quarterfy. The Board of D1￿Clo[$ are acts'vely inv￿Ved in recruitment of exe(yJtive management arKI lead any recruilmenl prLess for the t%w) role& Plans for future perlods 2024125 VAII be the second year in the cuirenl three-yeaf ACE NPO funding cyde. We will conts'nue lo build on the eight aims which are ouuined in our Strategic Plan (and abovel- The charity aims lo maintain ils strong links with Arts Council England. other public and private funding bc#Jies and stakeholders. and other partners in order lo achieve these aims. The Trustees are consaous that the Nthole ACE nabonal portfolio WAII be applwng lor a one-year extengon to their core funding grants in autumn 2024125, for funding vthid) will cover 2026127. Thi5 applicabon pr￿e$S is a priority of Ihe Board arKI CEO and remaining in the nats'onal pcrftfolio Is a key objective of the coming 12 months. Page 11

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED {A company Ilmited by guarnntee} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 ststement of Trustees. responsibilities The Trustees Ivkno are also the directors of the Company f(K the purposes of c£rfnpany lawl are res[￿￿ble for prepanng Ihe Truslees. reF4Yt and the financial statements in accordance ¥￿th applicable law and United 'ngdom Accounting Standards {Uniled Krngjom Generally Accepted AC￿Untsng Prath￿1. Company law requires the Trustees to prepare finanaal stalemenls for each financial year. Under company law. the Trustees musl not approve the finanaal stslements ullle&s they are satssfied that they give a lrne and fair view of the stste of affairs of the Company and of ils incoming resources and application of resoUr￿S. induding Its In¢ome and expenditure. for that pen'od. In p￿paring Ihese financial stalements. the Trustees ara required lo-. select suitable accounting polic4es and then apply them consislenUy- observe the melh(xls and prinoples ol the Charities SORP IFRS 1021.. make judgments and attounling estimates that are reasonable and prUd￿t- slate whether applicable UK Accounting Siandards IFRS 1021 have been followed. 9Jbject lo any malenal departures disdosed and explained in the finanoal stalemenls.. prepare the financial statements on the gThng concem bags unless It is inappropriate lo pregJme that the Company will continue in business. The Trustees are responsible for keeping adequate a￿nting rec￿dS that are sufficient lo show and explain the Companys transactions and disdose wlh reasonable accuracy at any lime the financial position of the Company and enable them lo ensure that the financial statements comply the Companies Act 2006. They are also responsble for safeguardirsg Ihe assets of the Company and hence for takjng reasonable steps for the prevention and detection ol fraud and other irregularitie& In preparing this rewrt, the Trustees have taken advantage of the small eornpanies exemptions provided by section 415A of the Companies Act 2006. ved by order the bers of the board of Trustees and wgned on their behalf by.. Timothy Nicholas Clarlt Chair Date.. 24 September 2024 Pa9e 12

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED {A company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent exarnlnefs report to the Trustees of HlghTide Festlval Productlons Llmited {'the Company? I reFQrt lo the chanty Trustees c￿ my examinats'on of the arxwnts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the Tnjslees of the Company land its directors for the purposes of company lawl you are responsible for the preparatson of the accounts in accordance the requrements of the Companies Act 20061'the 2006 Acl'l. Having satisfied myself that the accounts of the Company are not required lo be audile(l under Part 16 of the 2006 Act and are eligible for independenl examination. I repM in respect of my examination of the Companrfs accounts carried out under section 145 of the Charities Act 2011 1.the 2011 Act'l. In carying out my examination I have fdlowed the Directions given by the Charity commi￿￿ under section 14515llbl of the 2011 Act. Independent examinerfs statement Since the Compan¥s gross income exceeded £250,Tr)O your examiner must be a member of a body listed in seclion 145 of the 2011 Act. I ￿lf1m7 that l am qualified to undertake the examination because l am a member of ICAEW. Ythich is one of the listed b(*Jies. I have completed my examination. I confirm that no matters have come to my attention in connection wrth the examination giving me cause to believe= accounting records Y￿re not kepl in resped of the Company as required by seelion 386 of the 2006 Act". or the accounts do not accord wth those rectxds,. or the accounts do not eomply wth the accounting requirements of section 3% of the 2006 Act olher than any requirement that the acccwnts give a Irue aThJ fairf view sthich is not a matter considered as part of an independent examinats"on-. or the accounts have not been prepared in accordance wth the methods and principles of the Statement of Recommended Practice for accounting and rerxJrting by charilies lapplicable to charities preparing their accounts in ac￿rdanCe wlh the Finanaal Reporting Standard applrcable in the UK and Republic of Ireland {FRS 10211. I have no concems and have come acro&8 no other matters in (x)nnection wth the examination to Nthich attention should be dra￿￿ in this report in order lo enable a proper understanding of the accounls lo be reached. Page 13

HIGHTIDE FESTPIAL PRODUCTIONS LIMITED IA company limited by guarantee} INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 This rewrt is made solely lo the Companls Trustees, as a LKXJY. in accordance Part 4 of th8 Chanties (Accounts and Reports) Regulab"ons 2008. My work has been undertaken so Ihal I might slate to the Companls Trustees those matters l am required lo stale lo them in an Independent examinerfs rewrt and for no other purpose. To the fLsllest exlenl pemitted by law. I do not acxept or asgjme respongbility to anyone other than the Company and the Companls Trustees as a t#xJy. for my work or for this report. Signed.. Giles Kethham Dated". FCA DChA Larking Gowen LLP Chartered A(xountants 1st Flo￿, Prospecl Hwse Rouen Road Norwch NR1 1RE Page 14

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limtted by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 As reslaled rolal funds 2023 Unrestricted funds 2024 Restrlcted funds 2024 Total funds 2024 Nole Income from: Donalions and legaoes Chanlable activities Investments 113,558 312.000 1.079 113,558 406,400 1.079 99.679 290,996 239 94.400 Totsl income 426.637 94.400 521.037 390,914 Expenditur¢ on: Chanlable acb"vibes 381,395 92.$95 473.990 358.378 Totsl expenditurn 381.395 92.595 473.990 358,378 Net income Transfers betv*en funds 45,242 116.483) 1.805 16.483 47.047 32,536 15 Net movemen¢ in tunds 28,759 18.288 47,047 32,536 Reconciliation of funds: Totsl funds brought forward Nel movement in furKIs 159,887 28.7S9 1S9,887 47,047 127,351 32,536 18,288 Totsl funds carried forward 188,646 18,288 206.934 159.887 The Slalement of financial activities indudes all gains and losses rec￿nISed in the year. The notes on pages 19 10 34 fomi part of Ihese financial stalements. Page 15

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limited by guaranteè) REGISTERED NUMBER: 06326484 8ALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Intangible assets Tangible assets 10,350 1,227 13.8(Kl 480 12 11.577 14.280 Current assets Debtors Cash al bank and In hand 13 12,049 161,691 163.915 230.259 173.740 Creditors: amounts falling due wihin one year 14 {34,902) (28. 133) Net current assets 206,934 159,887 Total assets less current liabilities 206.934 159.887 Total net assets 206.934 159,887 Charity funds Reslncled funds Unrestncted funds 15 15 18,288 188.646 159.887 Total funds 206.934 159.887 Page 16

HIGHTIDE FESTIVAL PROOUCTIONS LIMITED IA company limited by guaTanteo1 REGISTERED NUMBER: 06326484 BALANCE SHEET (CONTINUED} AS AT 31 MARCH 2024 The Company ￿ds entslled to exemption from audit under section 477 of the Cunwies Act 2006. The members have not required the ccrfnpany to C￿1n an audit for the year in quesb.on in aCCor(lan￿ with section 476 of Companies Act 2CN)6. The Trustees aCknO%￿edge their respon9bilibes for complwng Nsith the requirements of the Act with respect to accounting records and preparats'on of financial statements. The financial statements have been prepared in accordance with the provisions applicable to enlilies subject lo the small companies regime. The fi cial slalements pproved and aulhcrrised for issue by the TnJstees and sgned on their behalf by: TIM Chair Dale.. 24 September 2024 hy thewas Clar The notes on pages 19 10 34 fomi part of Ihese finanual slalements. Page 17

HIGHTIOE FESTIVAL PRODUCTIONS LIMrrED IA company limited by guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Cash flows from operating actlvities Nel cash used in operaling athvitses 2.505 70.930 Cash flows from investing activities Purchase of intsngible assets Purchase of lawible fixed assets Inleresl received (13,800J {1,923J 239 {1.3601 1.079 Net ush used in investing adivities {281) (15.4841 Cash flows from financing activities Net cash provided by financing adivities Change in cash and cash equivalents In the year Cash and cash equivalents at the beginning of the year 2.224 14.5541 161,691 166,245 Cash and cash equivalents at the end of the year 163.915 161.691 Th& notes on pages 19 to 34 fomi part of these financid ststemenls Page 18

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limlted by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General infonnation HighTide Festival Productions Limiled Is a chantsble &Jmpany. limiled by guaTanlee wlhout share capital 11 has a Chanty number of 1124477 and Company number of 06326484. The registered office address can be found on the Chanty Information page in these finanaal statements. The principal activity is lo develop and prcxluce new plays by pl3￿ghts from the East of England. lounng across Ihe East and beyond. Accounting policies 2.1 Basis of preparatlon of financial statements The finanoal statements have been prepared in accorrIan￿ wth the Charities SORP IFRS 1021- Accounb"ng and Reports'ng by Charities". Slalemenl of Recommended Practs"ce applicable to chanlies eparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} leffects.ve 1 January 20191. the Financial Reporting Standard applirxble in the UK and Republic of Ireland {FRS 1021 and the Ccynpanies Act 20C6. HighTide Fests"val Producborts Limited meets the definition of a wblic benefit entity under FRS 102. Assels and liabilib'es are initially reccKJnised al historical cost or transaciion value unless otherwse ststed In the relevant aeeounb.ng policy. The financial statements are presented in Sleding. vknich is the functional currency of the Company. and rounded to the nea￿$1 £. 2.2 Going concem The trustees have considered Ihe charity's pogbon at the tsme of signing the financial slalernenls. Based on this. the Irustees have concluded Ihal they have a reasonable expectath.on Ihal Ihe chanty VAII have adequate resources lo a)ntinue in operational existence for the forseeable lulure. and al least twelve months from the dale of ggnimh Ihese finanual stalemenls. they there1￿e continue lo adopt the gL¥ng ￿lncern bass of accountsng In these finanoal sialemenls. 2.3 Incomo l incL)me is recrxjnised the Company has ents"tlemenl to the income, il is pr¢￿able that the income wll be re￿IVed and Ihe amount of InC￿e retsivabte can be measured reliably Grants are induded in the Stslemenl of financial aclivities rm a receivable basis. The balance of income received lor spe(ific purposes LMJI not expended during the penod Is shown In Ihe felevanl funds rm the Balance sheet. Where InC￿e Is received in advance of enlillemenl of receipt, it5 recognikn.on is deferTed and induded in creditors as deferred inrx)m8. Where entillemenl occurs before inccrfne Is received. the income is a(uued. Income tsx recoverable in relats.on lo investment income is reccgni5ed at the b.me tho investmenl income Is recÈivaNe. Income from donakn.ons is reccgnised in the penod in ththich the charity is entitled lo receipt. it IS probable that Ihe Inc￿Me *fjll be ￿e1Ved. and the amcrtjnl ol Ihe income receivable Can be measured rella￿y. Pa98 19

HIGHTIDE FESTIVAL PRODiICTIONS LIM￿ED IA company limit?d by guarantee) NOTES TO THE FINA14CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.3 Income (continued) On receipt, donated profesgonal Servi￿ and facilibes are reccgnised on Ihe basis of the value of the gift to the Company sthich Is the amount Il Ksuld have been wlling lo pay lo obtsin services or facilities of equivalent economic benefit on the o￿n market: a cL)rresponding amount is then reccgnised in expenditure in the periTrJ of receipt. 2.4 Expenditure Expenditure is reccgnised On￿ the￿ is a legal or constructive obligation lo transfer economic benefit to a third party. il Is probable that a transfer of economic benefits will be required In settlement and the amount ol the obfigalion can be measured reliably. Expenditure is das&fied by activity. The costs of each activity are made up of the total of direct msts and shared costs, induding support costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly lo that activity. Shared o)sts Ythich contribute to more than one activity and support costs vthich are not attnbutable to a sngle activity are apportioned between those activities on a basis consistent the use of resources. Cenlral staff costs are allocated on the bags ol time spent. and deprecialion charges allocated on the portion of the asset's use. Expendilure on charitable activib'es is incurred on diredy undertaking the activities which further the Companys objeth"ves. as well as any associaled support costs. l expendilure is indu&ve of irrecoverable VAT. 2.5 Interest receivable Interest on funds held on dekN)sil is induded vthen receivable and the amount can be measured reliably by the Company., this is nomially u￿￿ notification of the interest paid or payable by the insb"tulion wth wh(xn the furKls are depo&led. 2.6 Intanglble assets and amortisatlon Intangible assets are capitalised and ret￿nised %then future e￿￿MiC b8nefils are probablo. and the cost or value of the asset can be measur&J reliably. Intan￿'ble assets are initially re￿nised al o)st. After recoJnitron, under the cost model. intangible assets are measured at cost less any accumulated am0rtlsati￿ and any accumulated Impaim)enl Amorb"salJ"on is provided on intsngible assets at rates calrjjlaled to write off the ct)sl of each asset on 8 straighl-line basis over its exF*(aed useful life. Amo￿'sa￿.0n is provided on the follobving ba&s". Ccfflpuler SO￿are 25% SL Page 20

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.7 Tangible fixed assets and deprKiation Tangible fixed a￿ts are capitalised and reccgnised s*]en future ecg)nomic benefits are probable the cost or value of the a&8el can be measured reliably. Tangible fixed assets a￿ inib.ally reccgnised al u)st. After recoJnilion. under the cost mcxjel, tangible fixed assets are measured al cost less accumulated depreciation and any accumulated impaimienl losses. All costs incuThed to bring a tsngible fixed asset Into its Intended working condition sh(￿Id be induded in the measurement of eost. Depreryats"on is charged so as to allocate the CO￿ of tsngible fixed assets less their residual value over their ests"maled useful lives. ugng the straight-line methDJ. Depreaabon is provided on the following bag& Computer equipment - 3 years SL 2.8 Debtors Trade and other debtors are recognised al Ihe settlement arnounl after any trade diseounl offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 2.9 Cash at bank and in hand Cash al bank and in hand indudes cash and short-lemi highly liquid investments wlh a short maturity of three months or less from the dale of acquisition ￿ opening of the deposit or similar account. 2.10 Liabilities and provisions Liabilities are ￿¢03nIsed vthen there is an Obligati￿ at the Balance sheet date as a result of a past event, It is probable that a transfer of economic benefit will be required in settlemenl. and the amount of the settlemenl can be esb"maled rella￿y. Liabilitses are recLYJnised al the amounl thal the Company ants"apates il will pay to settle the debt or the amount Il has received as advanced payments for the goods or services it musl provide. Provisions are measured al Ihe best estsmale ol the amounts required lo setue the obligalion. Where the effecl of the time value of money is malerial. the provision is based on Ihe present value of those amounts. discounted al the pre-lax dIS￿￿nI rate thal reflects the risks specific to Ihe liability. The unwinding of the discwnl is reccgnised in the Slalement of financtal activities as finance cost. 2.11 Flnancial Instruments The Company only has finanoal assets and finanoal liabilitses of a kind that qualify as bagc financial Instruments. Ba￿C finanoal instruments are initially re(￿jnISed al transaction value and gJbsequenUy measured al their settlement value wth the eX￿pIlOn of bank loans ¥thich are subsequentiy measur&J al amorbsed cost ugng the effecbve interest meth¢xl. Page 21

HIGHTIDE FESTIVAL PRODUCTIONS LIMrrED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting pollcles Icontlnued} 2.12 Pensions The Company cperales a defin&J contnbutsm pert￿On stheme and the pertsion tharge represen15 the amounts payable by the Company lo the furKI in res￿1 of the year. 2.13 Fund accounting General fuThJs are unrestnded fu￿lS vknich are availatle for use al the discretion of the Trustees in lurtherance of the general 04"eth"ves of the Company and Ithich have not been desgnated for other purp)ses. De￿gnated funds compnse unfeslricted funds that have been sel asde by the Tnjslees for partioJlar purposes. The airn and use of each designated fund Is sel out in the notes lo the financial statements. Resth"cfed funds are funds sthich are to be used in accordance wlh specafic restn"ctions imFosed by donors or which have t*en raised by the Company for parts'ojlar purwses. The costs of raising and adminislering such funds are charged against the speafic fund. The aim and use of each restncted fund is set out In the notes to the financial stslements_ Investment income. gains and losses afe all￿aled to the appyopyiate fu￿1. Restatement of income and expensos The analps of income aThJ expenses in the pric￿ year has been restated to match m¢Ne dosely the activities of the chanty. The totsl inccyne and costs are unamerKled. Income from donations and legacies Unrestrided funds 2024 Total funds 2024 Total lunds 2023 Donations Donaled seNic£s 38,558 75,OCrf) 38.558 75.000 24.679 75.OCV 113.558 113.558 99.679 Total 2023 99.679 99.679 Page 22

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA cornpany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income Irom charttable activities Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tol81 funds 2023 Others Gfanls Box office Theatre Tax Relief 6.174 217.170 26.114 62,542 6.174 311.570 26.114 62.$42 17.900 273.096 94.4CKI 312,1 94,4 406,400 290.996 Total 2023 290.996 290,996 Theatre Tax Relief indudes £43.613 for 2024 produclions and £18.929 for 2023 productions. As rgslate 2023 2024 Grants - Unrestricted Arts Council England NPO Trusts and Foundatsons 195,180 21.990 195. 179 77.917 217.170 273,096 As ￿stated 2023 2024 Grants - Restricted Arts Council England Prctyect Grant Trusts and F(yJndati￿s 36,000 58,400 94.400 Page 23

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED (A company limitgd by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investment Income Unfestrrcted funds 2024 Total funds 2024 Total funds 2023 Deposit account Interest 1.079 1,079 239 Tol812023 239 239 Analysis of expenditure by adivities Activities undertaken directly 2024 Support costs 2024 Total funds 2024 Total funds 2023 Productions Projects (Engagement) 19).223 22.157 301.610 451.833 22.157 312,359 46,019 172,380 301,610 473,990 358.378 Total 2Q23 5T,852 300.526 358.378 Page 24

HIGHTIDE FESTIVAL PRODUCTIONS LIM￿ED IA cofflpany limi18d by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities (continuod) Analysls of support costs Total funds 2024 Total funds 2023 Productions 2024 Staff Depreciation Premises Marketsng General Admin Govemance 172.573 4.063 77.066 14.710 27,052 6.146 172,573 4,063 77.066 14.710 27,052 6.146 188,008 1, 697 76,840 9.7TO 13.091 11.120 301,610 301,610 300.526 Total 2023 3tW,526 300.526 Independent examinerfs remuneration 2024 2023 Governan￿ aLMlitorfs remuneration 10. 120 Independent examiner fee Fees payable to the CompanVs inOeFendent examiner for the independent examinats'on of the Companls annual accounts l other services not Induded atove 3,82S 1.000 Page 25

HIGHTIDE FESTIVAL PRODUCTIONS LIMtrED IA company limited by guaraniee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Staff costs 2024 2023 Wages and salanes Swal secunty costs Conlnbution lo defined contn"bution penson schemes 157.879 10,341 4,353 165,288 12.607 10.113 172,573 188,008 The average number of persons employed by Ihe c￿panY during the year was as foll¢M". 2024 2023 Office staft No employee receive(I remuneration amounting to more than £60.(M)O in either year. The charity considers that Ihe key management personnel comprise of the the Chief Executive and Artistic Director. The lotsl employee benefits of key manapmenl pewnnel ol the charity were £86,439 12023: £85.731). 10. Trustees. remuneration and expenses During the year. no Trustees received any remunerdtion or other benefits12023- £NILI. During the year ended 31 March 2024. expenses tolalling £462 were reimbursed or paid directly lo 4 Trustees (2023- £NIL lo Twsleej. These are for Board avray day travel. Page 26

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Intsngible assets Computer software Cost At 1 Apnl 2023 13,800 At 31 March 2024 13,800 Amortisation Charge for the year 3,450 At 31 March 2024 3.450 Net book value At 31 March 2024 10,350 Al 37 March 2023 73.800 Page 27

HIGHTIDE FESTIVAL PRODUCTIONS LIMrtED {A company limilod by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 12. Tangiblè fixed assets Computer equipment Cost or valuation Al 1 Apnl 2023 Additions 2,906 1.360 At 31 Marth 2tr24 4,266 Depreciation At 1 Apnl 2023 Charge for Ihe year 2.426 613 Al 31 March 2024 3,039 Net book value At 31 March 2024 1.227 Al 31 March 2023 480 Page 28

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Debtors 2024 2023 Due within one year Trade debtors Other debtor5 Prepayments and accnJed incc¥Me 500 43.613 22.231 6,062 5,987 66,344 12.049 14. Creditors- Amounts falling due within one year 2024 2023 Trade creditors Other taxation and swial security Other creditors Accruals and deferre(J incc¥me 10,930 4.589 731 4,902 22.500 19.383 34,902 28,133 Page 29

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Statement of funds Staternent ot funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Transfers inlout Income Expenditure Unrestrfcted funds Designated funds Destgnated Funds 20,000 20,000 General funds General Funds 159.887 426.637 (381.395) (36,483) 168.646 Total Unrestricted funds 159.887 426.637 (381.395) {16.483) 188,646 Restricted funds Ghost Siories by Candlelighl (ACE Project Grant and East Suffolk CouncFII Herring Girfs {Nichcl YouThJ Foundation) High Tide Wnlers Group and PlaywTights East (Foyle Foundation and The Noel Coward Foundalicffi) Molly Na￿or Commission (Peter Schaffer FoundabonlNabonal Thealrel Playvmghls (Martin BovAey Chantsble Tnjsll Story Wodds {John Horseman Twsl, Frank Jackson Foundabonl 42.000 151,1321 9.132 2,000 (6,9241 4,924 27.250 15,630 6.000 (6,8821 882 (2,842} 2,658 11.650 113,195) 1,545 94.400 192,595) 16.483 18.288 Total of funds 159,887 521.037 1473.9901 206.934 Page 30

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 MARCH 2024 15. Statement of lunds (continued) Transfer of funds.. The transfers Irom unrestn.ded lo restncted fuThJs reflect all¢xab"ons from unrestncted funds towards shcrtfalls C￿ reslnct&J furmled prr4ects. Designated funds: Al the 01 Board Meeting, the Trustees elected to creale a Deggnaled Prcharamming Fund wlh a tsrgel of £20.000 lo be used toYRrds supP￿tIng arbsbc risk. Restricted funds- Ghosl Stones by Candlelight - East Suff(4k CcAJnol. to suppN)rt delivery ol the East Suflolk leg of our Ghost Siones by Candlelight lour and creab.ve WTiling Y+orkshops. Indudes ACE Proiect Granl Nalional Lottery Project Granl from Arts Counrjl England lo support the projuctson of Ghost Stones by Candlelight, lounng to a mixture of theatre armj non-lhealre venues. Herring Gids - Nichol Young FcMJn¢Jaticm. towards Ihe Hemng Girts prcy'ect. an outreach project lo create embed mearsingful o)nnectsons wlh hard to reach communities in the East of England through creabvity. culminating in an impactful piece of art that wll emrM)V+Er and galvanise. High Tide Wnlers Group and Playwnghts East - Foyle Foundation. towards our HighTide Wnlers Group and Playwnghts East artist develowenl prcgrammes. The Noel C(hvard Foundation to¥Yards our Highride Wnlers Group and bursaries for parb"apanls. Molly Naylor Commisgon The Peter Schaffer FoundationlNabonal Theatre. to support the Commi￿onIng of Make Me. by Molly Naylor. Playvm'ghts. Marbn Bo%%4ey Charilatle TrusL to supwt pla￿￿ghts under 30. Story Worfds Jtjhn Horseman Trusl aNJ Frank Jackson Foundatson. via Suffolk Community Foundabon, to sup¥)ort HighTide's new creabve storytelljng project. Story Wortds. designed to raise speech. lar¥Juage and literary levels lor pnmary SC￿￿11 children in aryl aT￿nd Lob%EStoft. Statement of funds - prior year Balance al 31 March 2023 Balance al As restated As tTrslaleO 1 Aptil 2022 Inctyne Expendrture Unrestricted funds General Funds 127.351 390.914 f358,378) 159,887 Page31

HIGHTIDE FESTIVAL PRODUCTIONS LIMrrED IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 16. Summary of funds Sumrnary of funds - current year Balance at 31 March 2024 Balan￿ at 1 April 2023 Transfers inlout Income Expenditure Oesignaled funds Genernl funds Resthcled funds 20.000 136,483) 16.483 20.000 168.646 18.288 1S9.887 426.637 94.400 (381.3951 {92.5951 1YJ.887 521.037 1473,990} 206,934 Sumrnary of funds- prior year Balance al 31 March 2023 Balance al As restated As restale l Apnl 2022 Income Expenditure General funds 127,351 390.914 f358,378J 159.887 17. Analysis of net assets between funds Analysis of net assets between funds - current poriod Unrestricted Restricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Intsngible fixed assets Current assets 1.227 10.350 211,971 134,g)21 1,227 10.350 230,259 134,9021 18.288 Creditors due wlhin one year Total 188.646 18,288 206,934 Page 32

HIGHTIDE FESTIVAL PRODUCTIONS LIMITED IA company limited by guaT3nteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Analysls of n¢1 assets between funds {continuodl Analysis of not assets between funds - prior period Unreslncted funds 2023 Tolai funds 2023 Tangible fixed assets Inlangible fix&J assets Current assets Creditors due Mlhin c￿e year 13,800 173, T40 f28. 133) 13.800 173, 140 (28, 133) Total 159,887 159,887 18. Reconciliation of net movement in funds to net cash flow from operating activities As reslaled 2023 2024 Net Int￿ne lor the peri￿J las per Statement of Financtal Adivitiesl 47.047 32.536 Adjustments for: Depwalion charges Amortisabon cha D￿eaSellInCreaseI in debtors Increaselldecfeasel in crediloTS Interest received 613 2,371 3,450 {56,3121 2,180 11.079) 8.640 (32,3181 (239) Net cash provided byl(us¢d in) operating activities 14.1011 10. 930 19. Anatysis ofcash and cash equivalonts As restated 2023 2024 Cash In hand 163,915 161.691 Totsl cash and cash equlvalents 163,915 761.691 Page 33

HIGHTIDE FESTSVAL PRODUCTIONS LIMITED IA cornpany limlted by guarantsel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20. Analysls of changes in net debt At 1 Aprll 2023 Cash flows At 31 March 2024 Cash at bank and in hand 161.691 2.224 163,915 161.691 2.224 163,915 21. Pension Commitments The Company operates a defined contribution penson scheme. The assets of the scheme are held separately from those of the Company In an independendy adminislered fund. The pension cost charge represents contnbutions payable by the company to the fund and amounted lo £4.35312023 - £10,113) £nil12023- £4,902) vrds payable lo the furKJ at the balance sh*1 dale are included in creditors. Membets. liability The Chanly is a Ccmpany limited by guarantee and has no shafe ca￿trI. There a￿ 10 members and Ihe liatrflity of each member In the event of Y￿nding up Is limited to £1. 23. Related party transactions Dunng the year. Juliet Gilkes Romero, a trustee, tharged the charity £760 12023. £NIll delivenng rkshops for tho Charity. Expenses ¥%pre reimbursed lo Iruslees as detsiled In Nole 10. Page 34