Registered number: 06326484
Charity number: 1124477
HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Company, its Trustees and advisers
Chainnan's statement
Trustees. report
Independent examiner's report
Statement of financial activities
3-11
12-13
14
Balance sheet
15-16
Statement of cash flows
17
Notes to the financial statements
18-34

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Alan Bookbinder, Chair (appointed 26 June 2024)
Timothy Clark, Chair (resigned 10 De￿mber 2024)
Emily Anstead
Jane Ball (appointed 1 April 2024)
Gregory Brenman (appointed 1 April 2024)
Titilola Dawudu (appointed 25 June 2025)
Caroline Dyott (appointed 1 April 2024)
Susan Fosbury (resigned 24 September 2024)
Juliet Gilkes Romero
Elma Glasgow (appointed 1 April 2024)
Kate Harvey
Sarah Holmes
Lucy Rowan-Robinson (appointed 1 April 2024)
Colin Simon (appointed 1 April 2024)
Leah Schmidt (resigned 4 March 2025)
Clare Slater (appointed 24 September 2024. resigned 27 June 2025)
Matthew Webb
Company registered
number
06326484
Charity registered
number
1124477
Registered office
24a St John Street
London
EC1M 4AY
Accountants
Larking Gowen LLP
Chartered Accountants
1 st Floor, Prospect House
Rouen Road
Norwich
NR1 1RE
Bankers
Lloyds TSB
22-24 Southampton Street
London
WC2E 7JA
Previous names
HighTide Festival Productions Limited
Page 1

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
The Chair presents his statement for the year.
This is my first report as Chair of HighTide and l am delighted to be able to record another year of exceptional
achievements, including the prize-winning play Bindweed and a second set of More... Ghost Stories by
Candlelight, a box office success that played in the weeks either side of Halloween. Both of these productions
toured extensively across the East of England and London.
Our writer development initiatives, the HighTide Writers Group and Playwrights East, continued to
thrive. culminating in HighTide Rising, a day of workshops and rehearsed readings on the stage of Eastern
Angles in Ipswich. Our children's literacy project, Story Worlds, expanded to four schools in Lowestoft, and
resulted in over 150 pupils showing off their story-telling skills at the Marina Theatre.
We remain in good financial health, though the pressure to raise new funds from trusts and foundations, and
individual supporters, is as strong as ever.
During the course of the year, Clare Slater- our brilliant Artistic Director and CEO - left us to join the National
Theatre as their Head of New Play Development. I'd like to pay tribute to Clare's creative excellence, inspired
leadership and seemingly limitless reserves of energy. We were fortunate to find in Lauren Clancy a wonderful,
experienced Interim CEO, who ensured that our work on all fronts sustained its drive and success. Shortly after
the year end, the Board appointed Titilola Dawudu. recently at the Bush Theatre, as our new AD and CEO. She
will lead our four highly talented and indefatigable members of staff into HighTide's next stage of development.
We also saw changes to the Board of Trustees. Having completed their distinguished stints as Chair, Deputy
Chair and Finance & Audit Chair respectively, Tim Clark, Leah Schmidt and Liz Fosbury stepped down.
HighTide has benefited enormously from their expertise and wise guidance, and I'd like to express our heartfelt
thanks to them. From our new trustees. Colin Simon is our new Chair of F&A. Caroline Dyott has become
Deputy Chair, and Jane Ball, Greg Brennan, Elma Glasgow and Lucy Rowan-Robinson bring a wide and
welcome range of experience and insight.
Our writers, our Board, our staff, our Advisory Council and our donors all play a big part in making HighTide a
success, so I'll end by thanking them all wamily. and by looking fO￿ard with their help to taking us fO￿ard to
fresh heights.
Alan Bookbinder
Date.. 24 September 2025
Page 2

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the financial statements of the Company for the 1 April
2024 to 31 March 2025. The Annual report seNes the purposes of both a Trustees, report and a directors, report
under company law. The Trustees confirm that the Annual report and financial statements of the charitable
company comply with the current statutory requirements, the requirements of the charitable company's
governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Company qualifies as small under section 382 of the Companies Act 2006. the Strategic report
required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors,
Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The charity's objectives are to advan￿ education in the arts for the benefit of the public, in particular by
encouraging, and providing facilities for, the understanding, appreciation and development of the arts generally,
and in particular in the field of dramatic art, music and craft.
The charity's main aims for 2023-26 and how HighTide has worked towards them in 2024125 have been
detailed within this report. By producing theatre and funding the core organisation that allows the charity to do
this, the charity's expenditure for the year was put wholly into meeting these objectives.
In setting objectives and planning for activities. the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit. including the guidance 'Public benefit.. running a
charity (PB2)'.
b. Our artistic mission
HighTide is a writer-centred theatre company. based in the East of England. We produce new plays by
playwrights from our region, touring across the East and beyond. We run a year-round writer development
programme that creates space for East of England playwrights to thrive. We offer creative writing programmes
in schools and community groups to build confidence. wellbeing and employability.
We are committed to ensuring everyone. from all backgrounds, can participate in the joy and power of theatre.
We believe that partnership and collaboration makes better theatre, as well as more lasting. positive social
change.
HighTide holds the climate crisis in its name. a daily reminder of our responsibility to act now
with imagination and creativity. We see climate and social justice as inextricably linked and believe that
theatre can help rehearse a better future for us all.
Page 3

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities (continued)
c. Our 2030 vision
For our playwrights..
By 2030, the East of England will be a recognised seedbed of exceptional. diverse and thriving playwriting
talent.
For our communities:
By 2030, HighTide's targeted creative writing programmes will have increased confidence. wellbeing and
employability in our home region.
For our industry..
By 2030, HighTide will have shown that it is not only possible. but creatively exhilarating, to become a Net Zero
theatre company.
For us as a company..
By 2030, HighTide will continue to be a nationally ￿lebrated new writing company. led by our values and with
strong financial resilience.
d. Our values
Inclusive
Ambitious
Collaborative
Kind and candid
Dedicated to writers
Focussed on the East of England
In 2023124, we used these guiding principles to write our Strategic Plan 23-26. This document is now an active
touchstone for the whole company, threaded throughout with measurable KPIS that ensure we are reaching our
potential. And in 24125. we have made significant progress towards our eight aims detailed in the plan.
Aim 1- A Writer£entred Company with Inclusivity at Our Heart
In 2024125, we continued to exceed our equality, diversity and inclusion KPIS in all creative areas, including for
our lead artists, HighTide Writers Group and Playwrights East network. In the second year of our new mission
and vision, we expanded our platforming of writers through:
A longer tour of our Autumn production. More... Ghost Stories by Candlelight. with an increase to four
writers commissioned
Presenting the award winning Bindweed in London, in partnership with Mercury Theatre and New Wolsey
Theatre
Delivering an enhanced HighTide Rising, including workshops for Playwrights East members and sharings of
extracts from our HighTide Writers Group
Page 4

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities (continued)
Aim 2 - Exceptional New Plays
This year started with a production of Ipswich's own Martha Loaderfs Bindweed, co produced with Mercury
Theatre in Colchester and The New Wolsey in Ipswich, and in association with the Royal Exchange Theatre in
Manchester. Martha's extraordinary play was the winner of the Judges Award at the Bruntwood Prize for
Playwriting 2022 and HighTide lead the production's joumey into the Arcola Theatre in London.
***** "A modem day classic..
BritishTheatre.com
**** ,,
intense and brooding
- The Stage
Over 2.000 audience members saw this production across it's run, including 811 at the Arcola. This was a
prime example of suc￿Ssful partnerships in action. and we look forward to working with our friends in the East
again.
We headed into the eady days of Summer with a remodel of Nicola Werenowska's chilling play. The Beach
Hut at First Light Festival on Lowestoft Beach. Originally performed as part of the first iteration of our Ghost
Stories by Candlelight model, we repurposed this for an intimate and immersive experience listened to in an
actual beach hut for four audience members at a time.
Rounding our year off was our tour of More... Ghost Stories by Candlelight. This years iteration featured four
brilliant writers from across the East of England Aisha Zia, Eloise Pennycott, James McDermott and Tassa
Deparis. Their four plays haunted a range of venus from medieval trading halls in Norwich, Tudor houses built
for Henry Vlll in Colchester, traditional proscenium arch theatres in Bury St Edmunds before once again
culminating in a week of perf0mlan￿S at the beautifully candlelit Sam Wanamaker Playhouse at
Shakespeare's Globe.
We once again exceeded our box Offi￿ targets. selling 1120/0 of our target. We are grateful to our co-producing
partners Shakespeare's Globe, Eastem Angles. Theatre Royal Bury St Edmunds and Harlow Playhouse for
their support.
Aim 3 - Writer Development
This year, our Playwrights East and HighTide Writers Group went from strength to strength with the support
of Foyle Foundation, D'oyly Carte Charitable Trust, the Martin Bowley Charitable Trust and Noel Coward
Foundation.
Pla
hts East
Across the year, 215 writers from across the East took part in one of our Playwrights East workshops. Highlights
of the programme included a Q&A session with Lucy Kirkwood at Diss Com Hall, Writing for Pantomime with
Vikki Stone and Writing for Young Audiences with Shamser Sinha.
'I've been to several workshops like this and this was by far the most thorough and accessible.,
'It always gives me a buzz when l am in the presence of kindred spirits [...]The format was excellent.,
This scheme remains free to access thanks to the generous support of Foyle Foundation and the D'oyly Carte
Charitable Trust.
Page 5

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities (continued)
hTide Writers Grou
Our first HighTide Writers Group consisted of Marie Cooper, Clare Currie, Ted Marriott, Anoop Singh, Rosa
Torr and Esohe Uwadiae. The group, led by leading playwrights Juliet Gilkes Romero (The Whip, RSC) and
Tim Price (Nye, National Theatre), provided the writers with the skills and tools they need to launch their
careers as playwrights.
HighTide Writers Group is really one of a kind in the region. I have felt supported and motivated to work on a
project that othetwise may not exist in the wortd. The mentorship and tutoring is rigorous and challenging in the
best way. Spending timethinking about and working on structure, character, fomi and na￿atIVe, has made me a
better playwright with exciting opportunities lined up as a result. - Rosa Torr, HTWG participant
100 % of the group's members strongly agree that their work as a playwright has developed due to HTWG, and
we are excited that Jerwood Foundation will support the group to continue running until 2026. We are grateful
to Noel Coward Foundation for their support of the scheme this year.
hTide Risin
This year's HighTide Rising was a festival of playwriting: extracts from the pieces that the HTWG had
developed during their time in the group were accompanied by workshops, panels and networking for
playwrights at the New Wolsey Theatre and Eastem Angles Centre in Ipswich.
'It was so lovely to come to Ipswich and meet fellow writers from across the East- by the end of the day I'd met
and chatted to a peer from all the counties. Opportunitieslike this for a gathering of writers in all stages of their
creative joumey feel far and few so having this weekend was absolutely priceless.,
Alan Seiglow
We are proud of our ongoing partnerships with our friends at the New Wolsey and at Eastern Angles.
Aim 4 - Creative Writing in the Community
Story Worlds took place at the very beginning of 2025: this year. we increased to working with four schools in
Lowestoft to deliver our storytelling project, with an aim to increase primary school children's literacy and oracy
levels. 157 pupils presented their own stories at the Marina Theatre, Lowestoft at the celebration event,
watched by their fellow students, families and some of HighTide's supporters.
Across the course of the project, 100% of teachers obse￿ed an increase in pupil's confidence in using
language imaginatively. Additionally, there were increases in pupil's confidence in writing original stories,
sharing ideas and teacher's Confiden￿ using drama and creative writing techniques in the classroom.
'The children's confidence has improved massively. Lots of children were adamant that they would not perform
at all or they wouldn't speak on stage, yet by the end of the ten weeks they all perfonned an amazing play in
front of their families. Lots of the children even wanted to do it againl, _ Lucy Panayi, Teacher. Phoenix St Peter
Academy
'They have leamt to use their imagination and to feel free when w17ting their own ideas. They have learnt that
they can write about anything they want as it is their story."_ Rachael Earle, Teacher, Red Oak Primary School
Without the support of Lowestoft Town Council and the Sir Robert Gooch Trust. HighTide would be unable to
deliver this project. We are enomiously grateful for their continued support in allowing us to continue our
engagement work in Lowestoft.
Page 6

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities (continued)
Aim 5 - ACE'S Investment Principles
We are privileged to be an Arts Council England NPO (National Portfolio Organisation) benefiting from core
funding across the period. Our Strategic Plan 23-26 and its KPIS are directly aligned with ACE'S Let's Create
Strategy. ACE'S Investment Principles (IPS) are:
Ambition and Quality
Inclusivity and Relevan
- Dynamism
Environmental Responsibility
These IPS are a standing agenda item at our quarterly Board meetings. Each IP has an allocated Board
champion who reviews activity and reports on progress made. alongside supporting the staff team where their
experiences overlap.
Aim 6 - Net Zero by 2030
Our carbon reporting in year saw our C02e emissions at 34 tonnes. Our baseline at 23124 was 18 tonnes. This
is a significant increase, but there are Iwo primary drivers of this. Firstly. for this financial year we expanded
and improved our abilities to record and measure our impact. We measured impact from our Engagement
projects for the first time, and produced two traditional style theatre productions. Secondly, recording audience
travel data is very tricky when you do not manage the box office and so we are reliant on default data to draw
our conclusions. We will continue to seek altemative measures for gathering this data. These emissions were
responsibly offset via the Gold Standard Foundation. supporting a renewable energy project in Caatinga, Brazil.
We have begun the process of moving our bank to an ethical provider in 24125. and are committed to this
process as it moves into 25126. Change isn't always quick and easy. but it is necessary, and moving to a
provider who does not invest in fossil fuels will have a significant impact on HighTide's C02e.
Towards the end of the year, we were awarded funding via the IAA Impact Fund to support our Associate Zoe
Svensden to continue developing Climate Dramaturgy nationally and intemationally. There will be further detail
on this programme in 25126, but through innovative partnerships and case studies. we will demonstrate artistic
leadership and best practice in implementing the strategic principles of Climate Dramaturgy.
Aim 7 - Re￿hape the Staff Structure and Board
Heading into 24125, we had adapted our staff structure to enable more on-the-ground delivery,. full-time
Producer, General Manager and Development Manager Roles. along with a part-time Engagement Manager,
with an Artistic DirectorlCEO leading the company. This has allowed us to take on more projects as a lead
producer, turbocharged our engagement work and dedicate more time to fundraising. all the while with a strong
administrative and financial function.
In this period, three of HighTide's long standing Trustees - Tim Clark, Leah Schmidt and Liz Fosbury - reached
the end of their terms, and we would like to pay tribute to their dedication to seeing HighTide succeed.
Alongside six exceptional new Trustees who joined earlier in the year, Alan Bookbinder joined as the new Chair
of the Board. He leads a dynamic team of Trustees who will continue to deliver strong Governance for the
charity.
Page 7

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities (continued)
Aim 8 - Resilient Financial Model
We retumed an operating surplus of £24,632, compared to a budgeted deficit of £25,351. This is driven by a
strong fundraising position for activity in the 25126 financial year and continuing to benefit from the Theatre Tax
Relief Rebate. Fiscally responsible management by budget holders supports a stronger than anticipated
financial position that will allow us to make strategic investments in 25126.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectstion that the Company has
adequate reSoUr￿S to continue in operational existen￿ for the foreseeable future. For this reason, they
continue to adopt the going concem basis in preparing the financial statements. Further details regarding the
adoption of the going cOn￿M basis can be found in the accounting policies.
b. Reserves policy
HighTide's general policy is to work with a break*ven budget in the medium term. General reserves are
essential to the smooth running of the business to protect it from potential financial shocks such as loss of a
regular funder, to provide funds for planned capital expenditure, to enable the leverage of such funding that
may require match-funding, to take advantage of opportunities of strategic importance which may be difficult to
fund, to meet liabilities, in particular to staff, in the event of the company being wound up or to meet short-term
unexpected cashflow issues.
The policy states that General reserves levels should be a minimum of £100k with a target of £135k, being 6
months of core operating costs. The calculation of General reserves excludes fixed assets, restricted and
designated reserves. Also excluded is Theatre Tax Relief receivable owing to the long lead-time (9-21 months
from expenditure to receipt of funds) and the possibility that government policy may remove or reduce the relief
at any time. The Designated reserve is to to enable 'artistic programming risk,. acknowledging that future new
works are vital to make but may occasionally experience extemal downturns (underperforming box office or low
uptake of coproducing income).
The charity retained unrestricted reserves of £197.212 as at 31 March 2025. In addition. HighTide closed the
year with total Restricted funds of £34,354.
After excluding the Designated fund balance of £20,000, Fixed Assets of £10.221 and the Theatre Tax Relief
debtor of £44.849, General reserves amounted to £122.142.
Page 8

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
c. Risk management objectives and policies
A Financial Controls Policy is held within the company's Strategic Plan. This is assessed annually by the CEO
and Board Finance and Audit Committee and details methods of budget setting, monthly financial reviews and
reporting. Financial and operating risks together with mitigations planned are reviewed internally on a monthly
basis and shared with the Finance and Audit Committee and shared with Arts Council England on a quarterly
basis.
The most significant risks the business is considering now are: loss of knowledge from stafflgovemance attrition
or extended leave (key mitigations: succession planning; more rigorous documentation of processes,
procedures and policies). reduced ability to create or tour work created by lack of partner venues available to
invest (key mitigations.. maintain excellent relationships with venues, ensure high quality work to keep HighTide
at top of the list of partners to work with, explore other funding models eg trusts and foundations); loss of
significant funding SoUr￿S (key mitigations.. Maintain excellent relationship with ACE including delivery of
valued outputs,. new dedicated development staff member: new Advisory Council to support fundraising,.
increased rese￿eS levels)-
d. Principal funding
2024125 saw continued support for HighTide from Arts Council England as a National Portfolio Organisation.
This funding is confirmed until March 2028.
Structure, governance and management
a. Constitution
The charity is constituted as a company limited by guarantee, and is governed by a Memorandum and Articles
of Association.
b. Methods of appointment or election of Trustees
The Board of Directors form the governing body. All Directors of the company are also Trustees of the charity,
and there are no other Trustees. The Board has the power to appoint additional Trustees as it sees fit.
Recruitment of new Trustees is discussed regulady at Board meetings. with the aim of addressing skills gaps
and broadening diversity. The recruitment prO￿sS is led by the Chair. supported by a sub-committee of
Trustees. New Trustees receive a comprehensive induction pack which includes Terms of Reference for
Trustees at HighTide,' our current Strategic Plan. most recent management accounts and audited accounts. and
the charity's Memorandum and Articles of Association. Additional training for Trustees is arranged if needed.
Page 9

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management (continued)
c. Organisational structure and decision-making policies
In 2024125, the day-t(Fday management of the charity was delegated to the Artistic Directorlchief Executive
Officer. These positions were occupied during the year as follows:
Artistic DirectorlCEO:
Interim CEO:
Clare Slater
Lauren Clancy
The charity's Strategic Plan and annual budgets are subject to Board approval. The CEOS, progress in financial
management is monitored regularly by a sub-committee of the Board. This sub-committee reports directly to
the full Board, who meet quarterly. The Board of Directors are actively involved in recruitment of executive
management and lead any recruitment process for the role.
Future Plans 2025126
This is the final year of our strategic plan, covering the 2023-26 period. In 2025126. HighTide will complete it's
trilogy of Ghost Stories, with Even More... Ghost Stories by Candlelight. Produced in partnership with
Pentabus, this tour sees us return to a range of East of England venues, before touring the West of England
including runs at Bristol Old Vic and Shakespeare North. The tour comes to an end at Battersea Arts Centre.
Funded by Cambridge University, we are producing Ness: an audio landscape in partnership with the National
Trust. This is a new immersive audio performance that uses geolocated technology. and takes place in situ on
Orford Ness, the setting of Robert McFarlane and Stanley Donwood's poem. Designed by Zoe Svensden and
Carolyn Downing, this is a case study in Climate Dramaturgy and will see us develop and share a range of
resources on our ongoing artistic practice.
We will launch our new cohort of Je￿ood HighTide Writers Group to develop 7 writers from across the East,
and HighTide Rising will retum in the winter. Playwrights East continues with a range of sessions supporting
our 700+ strong community of playwrights from across our four counties. Story Worlds once again retums to
Lowestoft, proof that we are making deep and meaningful change for primary school aged children across the
district.
Page 10

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Company for the purposes of company law) are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally AC￿pted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year . Under company
law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and
fair view of the stste of affairs of the Company and of its incoming resources and application of resources,
including its income and expenditure. for that period. In preparing these financial statements. the Trustees are
required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles of the Charities SORP (FRS 102);
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed. subject to any
material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
Company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Company's transactions and disclose with reasonable accuracy at any time the financial position of the
Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by
section 415A of the Companies Act 2006.
Approved by order of the members of the board of Trustees and signed on their behalf by:
G4
Alan Bookbinder
(Chair of Trustees)
Date:
2+ fe+ 2£92
Page11

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent examiner's report to the Trustees of HighTide Theatre Limited {'the Company.)
I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March
2025.
Responsibilities and basis of report
As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination. I report in respect of my examination of the Company's
accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my
examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the
2011 Act.
Independent examiner's statement
Since the Company's gross income ex￿eded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of ICAEW, which is one of the listed bodies.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.
or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of
an independent examination. or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities [applicable to charities preparing their
accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Page 12

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
This report is made solely to the Company's Trustees. as a body. in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's
Trustees those matters l am required to state to them in an Independent examinerfs report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
the Company and the Company's Trustees as a body. for my work or for this report.
Signed..
Giles Kerkham FCA DChA
Dated: 21 November 2025
Larking Gowen LLP
Chartered Accountants
1st Floor, Prospect House
Rouen Road
Norwich
NR1 1RE
Page 13

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
funds
2025
Restricted
funds
2025
Total
funds
2025
Total
funds
2024
Note
Income from:
Donations and legacies
Charitable activities
Investments
116,707
340,213
1,147
5,000
64,675
121,707
404.888
1,147
113,558
406,400
1,079
Total income
458,067
69,675
527,742
521,037
Expenditure on:
Charitable activities
439,516
63,594
503,110
473,990
Total expenditure
439,516
63,594
503,110
473,990
Net income
18,551
(9,985)
6,081
9,985
24,632
47,047
Transfers between funds
14
Net movement in funds
8,566
16,066
24,632
47,047
Reconciliation of funds:
Total funds brought forward
Net movement in funds
188,646
8,566
18,288
16,066
206,934
24,632
159,887
47,047
Total funds carried forward
197,212
34,354
231,566
206,934
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 18 to 34 form part of these financial statements.
Page 14

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
REGISTERED NUMBER: 06326484
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Fixed assets
Intangible assets
Tangible assets
10
8,150
2,071
10,350
1,227
10,221
11,577
Current assets
Debtors
12
69,638
173,585
66,344
163,915
Cash at bank and in hand
243,223
230,259
Current liabilities
Creditors.. amounts falling due within one
year
13
(21,878)
(34,902)
Net current assets
221.345
195,357
Total assets less current liabilities
231,566
206,934
231,566
206,934
Total net assets
231,566
206,934
Charity funds
Restricted funds
14
34,354
197.212
18,288
188,646
Unrestricted funds
14
Total funds
231,566
206,934
Page 15

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
REGISTERED NUMBER: 06326484
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2025
The Company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Alan Bookbinder
(Chair of Trustees)
Date: '1+
The notes on pages 18 to 34 form part of these financial statements.
2d2
Page 16

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Cash flows from operating activities
Net cash used in operating activities
11.397
2,505
Cash flows from investing activities
Purchase of intangible assets
Purchase of tangible fixed assets
Interest received
(1,500)
(1,374)
1.147
(1,360)
1,079
Net cash used in investing activities
(1,727)
(281)
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
9,670
2,224
163,915
161,691
Cash and cash equivalents at the end of the year
173.585
163,915
The notes on pages 18 to 34 form part of these financial statements
Page 17

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General information
HighTide Theatre Limited is a charitable Company, limited by guarantee without share capital. It has a
Charity number of 1124477 and Company number of 06326484. The registered office address can be
found on the Charity information page in these financial statements. The principal activity is to develop
and produ￿ new plays by playwrights from the East of England. touring across the East and beyond.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) -
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
HighTide Theatre Limited meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy.
The financial statements are presented in Sterling, which is the functional currency of the Company,
and rounded to the nearest £.
2.2 Going concern
The trustees have considered the charity's position at the time of signing the financial statements.
Based on this. the trustees have concluded that they have a reasonable expectation that the charity
will have adequate resources to continue in operational existence for the forseeable future, and at
least twelve months from the date of signimh these financial statements. they therefore continue to
adopt the going cOn￿M basis of accounting in these financial statements.
Page 18

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies {continued)
2.3 Income
All income is recognised once the Company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Grants are included in the Statement of financial activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance sheet. Where income is received in advance of entitlement of receipt. its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received. the income is accrued.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Income from donations is recognised in the peri(KJ in which the charity is entitled to receipt, it is
probable that the income will be received. and the amount of the income receivable can be
measured reliably.
On re￿ipt, donated professional serVi￿S and facilities are recognised on the basis of the value of
the gift to the Company which is the amount it would have been willing to pay to obtain services or
facilities of equivalent economic benefit on the open market. a corresponding amount is then
recognised in expenditure in the period of receipt.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is classified by
activity. The costs of each activity are made up of the total of direct costs and shared costs,
including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity
and support costs which are not attributable to a single activity are apportioned be￿een those
activities on a basis consistent with the use of resources. Central staff costs are allocated on the
basis of time spent. and depreciation charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives. as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when re￿1vable and the amount can be measured
reliably by the Company; this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
Page 19

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies {continued)
2.6 Intangible assets and amortisation
Intangible assets are capitalised and recognised when future economic benefits are probable, and
the cost or value of the asset can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible
assets are measured at cost less any accumulated amortisation and any accumulated impairment
losses.
Amortisation is provided on intsngible assets at rates calculated to write off the cost of each asset
on a straight-line basis over its expected useful life.
Amortisation is provided on the following basis:
Computer sofvare
25/ SL
2.7 Tangible fixed assets and depreciation
Tangible fixed assets are capitalised and rec(NJnised when future economic benefits are probable
and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into its intended working
condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Computer equipment
3 years SL
2.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
Page 20

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies {continued)
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation 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 settlement. and the
amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation.
Where the effect of the time value of money is material, the provision is based on the present value
of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the
liability. The unwinding of the discount is rec(NJnised in the Statement of financial activities as a
finance cost.
2.11 Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic
financial instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured at their settlement value with the exception of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.12 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the Company to the fund in respect of the year.
2.13 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Company and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for
particular purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the Company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 21

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Income from donations and legacies
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Donations
Donated Offi￿ spa
41.707
75,000
5,000
46,707
75,000
38,558
75,000
116,707
5,000
121.707
113,558
Total 2024
113,558
113,558
Income from charitable activities
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Total
funds
2024
Others
Grants
13,186
251,705
32,213
43.109
13,186
316.380
32,213
43,109
6,174
311,570
26,114
62,542
64,675
Box office
Theatre Tax Relief
340,213
64,675
404.888
406,400
Total 2024
312,000
94,400
406,400
2025
2024
Grants - Unrestricted
Arts Council England NPO
Trusts and Foundations
195.180
56,525
195, 180
21,990
251,705
217,170
Page 22

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Grants - Restricted
Arts Council England Project Grant
Lowestoft County Council
Trusts and Foundations
36,000
10,000
54,675
58,400
64,675
94,400
Investment income
Unrestricted
funds
2025
Total
funds
2025
Total
funds
2024
Deposit account interest
1,147
1,147
1,079
Total 2024
1,079
1,079
Analysis of expenditure by activities
Activities
underiaken
directly
2025
Support
costs
2025
Total
funds
2025
Total
funds
2024
Productions
Projects (Engagement)
161.504
341,606
503,110
451,833
22,157
161,504
341,606
503,110
473,990
Total 2024
172,380
301,610
473,990
Page 23

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Analysis of expenditure by activities (continued)
Analysis of support costs
Total
funds
2025
Total
funds
2024
Productions
2025
Staff costs
Depreciation
Premises
195,693
4,230
77,972
8,416
29,528
18,162
7,605
195.693
4,230
77,972
8,416
29,528
18,162
7.605
172,573
4,063
77,066
14,710
25,586
1,466
6, 146
Marketing
General Admin
Other support costs
Govemance costs
341,606
341.606
301,610
Total 2024
301,610
301,610
Independent examiner's remuneration
2025
2024
Fees payable to the Companvs independent examiner for the independent
examination of the Company's annual accounts
Fees payable to the Company's independent examiner in respect of:
All other ServI￿S not included above
3,960
3,825
1.035
1,000
Staff costs
2025
2024
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
176,576
13,544
5,573
157,879
10,341
4,353
195.693
172,573
Page 24

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Staff costs (continued)
The average number of persons employed by the Company during the year was as follows:
2025
2024
Office staff
No employee re￿iVed remuneration amounting to more than £60.000 in either year.
The charity considers that the key management personnel comprise of the the Chief Executive and
Artistic Director. The total employee benefits of key management personnel of the charity were £69,424
(2024.. £98, 661).
Trustees. remuneration and expenses
During the year, one or more Trustees has been paid remuneration or has received other benefits from
an employment with the Company. This was paid in respect of the Trustee's role as Chief Executive and
Artistic Director as permitted by Clause 5(b) of the company's Memorandum of Association. The value
of Trustees. remuneration and other benefits was as follows"
2025
2024
Clare Slater
Remuneration
23,399
919
Pension contributions paid
Clare Slater was appointed as a Trustee from September 2024 and therefore the above remuneration
and Pension contributions reflect payments made after this appointment date.
During the year ended 31 March 2025, expenses totalling £398 were reimbursed or paid directly to 4
Trustees (2024 £462 to 4 Tnistees). These are for Board away day travel and other travel relating to
Trustee duties.
During the year, Clare Slater, a trustee. claimed expenses of £282 (2024: £Nil) for expenses incurred in
her role as Artistic DirectorlCEO.
Page 25

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Intangible assets
Computer
software
Cost
At 1 April 2024
Additions
13,800
1.500
At 31 March 2025
15,300
Amortisation
At 1 April 2024
Charge for the year
3,450
3,700
At 31 March 2025
7,150
Net book value
At 31 March 2025
8,150
At 31 March 2024
10,350
Page 26

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11. Tangible fixed assets
Computer
equipment
Cost or valuation
At 1 April 2024
Additions
4,266
1.374
At 31 March 2025
5,640
Depreciation
At 1 April 2024
Charge for the year
3.039
530
At 31 March 2025
3.569
Net book value
At 31 March 2025
2,071
At 31 March 2024
1,227
Page 27

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. Debtors
2025
2024
Due within one year
Trade debtors
Other debtors
500
49,352
20,286
43,613
22,231
Prepayments and accrued income
69,638
66,344
13.
Creditors: Amounts falling due within one year
2025
2024
Trade creditors
Other taxation and social security
Accruals and deferred income
2,533
10,930
4,589
19,383
19,345
21,878
34,902
Page 28

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Statement of funds
Statement of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Transfers
inlout
Income Expenditure
Unrestricted funds
Designated funds
Designated Funds
20,000
20,000
General funds
General Funds
168,646
458,067
(439,516)
{9,985)
177.212
Total Unrestricted funds
188,646
458,067
(439,516)
(9,985)
197,212
Restricted funds
HighTide Writers Group and
Playwrights East (Foyle
Foundation and The Noel
Coward Foundation and The
D'oyly Carte Charitable Trust)
Anti Ableism (Sheffield Theatre
Trust)
Playwrights (Martin Bowley
Charitable Trust)
Story Worlds (John Horseman
Trust, Sir Robert Gooch Trust
and Lowestoft Town Council)
Digital Comms Development
(Brahminy Group)
HTWG and Playwrights East
202512026 {The Leche Trust
and Jerwood Foundation)
Make Me (Cockayne
Foundation)
15,630
6,000
{32,020)
10,390
1,175
(107)
1.068
2,658
3,500
(7,253)
1,095
19,000
{16,570)
2.430
5,000
(1,500)
(1,500)
2,000
24,000
(6,144)
17.856
11,000
11,000
18,288
69,675
(63,594)
9,985
34,354
Total of funds
206,934
527,742
(503,110)
231,566
Page 29

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Statement of funds (continued)
Transfer of funds:
The transfers from unrestricted to restricted funds reflect allocations from unrestricted funds towards
shortfalls on restricted funded projects.
Designated funds:
In the prior period, the Trustees elected to create a Designated Programming Fund with a target of
£20,000 to be used towards supporting artistic risk.
Restricted funds:
HighTide Writers Group and Playwrights East (Foyle Foundation and The Noel Coward Foundation and
the D'oyly Carte Charitable Trust) - Funding to support the delivery of the 24125 editions of our
Playwrights East programme.
Anti Ableism (Sheffield Theatre Trust) - Funding from Ramps on the Moon consortium to develop a
Story for Change and to imbed anti-ableism within our Playwrights East programme.
Playwrights (Martin Bowley Charitable Trust)- To support playwrights under 30.
Story Worlds {John Horseman Trust, Sir Robert Gooch Trust and Lowestoft Town Council) - Funding to
support the delivery of the 24125 and 25126 editions of our Story Worlds project for primary schools in
Lowestoft.
Digital Comms Development (Brahminy Group) - A generous donation from the Brahminy Group to
support the development of our website. a new evaluation toolkit and to undertake brand awareness
consultancy.
Jerwood HighTide Writers Group 202512026 (The Leche Trust and JeNood Foundation) - Funding from
The Leche Trust and Jetwood Foundation to deliver the Jerwood HighTide Writers Group in 2025126.
Make Me (Cockayne FoundationF Funding from Cockayne Foundation towards the production of Make
Me, specifically a London run of the production.
Statement of funds - prior year
Balance at
31 March
2024
Balance at
l Apn'l 2023
Transfers
in/out
Income Expenditure
Unrestricted funds
Designated funds
Designated Funds
20,000
20,000
General funds
General Funds
159,887
426,637
(381,395)
(36,483)
168,646
Page 30

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Statement of funds (continued)
Statement of funds - prior year (continued)
Balance at
31 March
2024
Balance at
l Apnl 2023
Transfers
inlout
Income Expenditure
Total Unrestricted funds
159,887
426,637
(381,395)
(16,483)
188,646
Restricted funds
Ghost Stories by Candlelight
(ACE Project Grant and East
Suffolk Council)
Herring Girls (Nichol Young
Foundation)
HighTide Writers Group and
Playwrights East (Foyle
Foundation and The Noel
Coward Foundation and The
D'oyly Carte Charitable Trust)
Molly Naylor Commission
(Peter Schaffer
FoundationlNational Theatre)
Playwrights (Martin Bowley
Charitable Trust)
Story Worlds (John Horseman
Trust, Sir Robert Gooch Trust
and Lowestoft Town Council)
42,000
(51, 132)
9. 132
2,000
(6,924)
4,924
27.250
(11,620)
15,630
6,000
(6,882)
882
5,500
(2.842)
2,658
11,650
(13, 195)
1,545
94,400
(92,595)
16,483
18,288
Total of funds
159,887
521,037
(473,990)
206,934
Page 31

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15. Summary of funds
Summary of funds - current year
Balance at
31 March
2025
Balance at 1
April 2024
Transfers
inlout
Income Expenditure
Designated funds
General funds
20,000
168,646
18,288
20,000
177.212
34,354
458,067
69,675
(439,516)
(63,594)
{9,985}
9,985
Restricted funds
206,934
527,742
{503,110)
231,566
Summary of funds - prior year
Balance at
31 March
2024
Balance at
l Apnl 2023
Transfers
in/out
Income Expenditure
Designated funds
General funds
20,000
(36,483)
16.483
20,000
168,646
18,288
159,887
426,637
94.400
(381,395)
(92.595)
Restricted funds
759,887
521,037
(473,990)
206,934
16. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted Restricted
funds
funds
2025
2025
Total
funds
2025
Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
2,071
8,150
194,230
(7,239)
2,071
8.150
243,223
(21,878)
48,993
(14,639)
Total
197,212
34,354
231.566
Page 32

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
16. Analysis of net assets between funds (continued)
Analysis of net assets between funds - prior year
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Tangible fixed assets
Intangible fixed assets
Current assets
Creditors due within one year
1,227
10,350
211,977
(34,902)
1.227
10,350
230,259
(34,902)
18,288
Total
188,646
18,288
206,934
17.
Reconciliation of net movement in funds to net cash flow from operating activities
2025
2024
Net income for the year (as per Statement of Financial Activities)
24,632
47,047
Adjustments for:
Depreciation charges
Amortisation charges
Increase in debtors
Increasel{decrease) in creditors
Interest re￿iVed
530
3,700
{3,294)
(13,024}
(1,147)
613
3,450
(54,295)
6, 769
(1,079)
Net cash provided by operating activities
11,397
2,505
18.
Analysis of cash and cash equivalents
2025
2024
Cash in hand
173.585
163,915
Page 33

HIGHTIDE THEATRE LIMITED
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
19. Analysis of changes in net debt
At 1 April
2024 Cash flows
At 31 March
2025
Cash at bank and in hand
163.915
9,670
173.585
20. Pension commitments
The Company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the Company in an independently administered fund. The pension cost charge
represents contributions payable by the company to the fund and amounted to £5,573 (2024 £4,353).
£Nil (2024 - £Nil) was payable to the fund at the balan￿ sheet date and are included in creditors.
21. Members. liability
The Charity is a Company limited by guarantee and has no share capital. There are 14 members and the
liability of each member in the event of winding up is limited to £1.
22. Related party transactions
During the year. Juliet Gilkes Romero. a trustee. charged the charity £495 (2024.. £760) for delivering
workshops for the Charity.
Trustees had expenses reimbursed and received remuneration as detailed in Note 9.
Page 34