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← Central Youth Theatre

2025-07-31-accounts

Registered number: 6264703 Charity number: 1130961

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

CONTENTS

Page
Reference and administrative details of the company, its Trustees and advisers 1
Trustees' report 2 - 6
Trustees' responsibilities statement 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10 - 11
Notes to the financial statements 12 - 27

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 JULY 2025

Trustees

Josephine Kelly Lucy Poole Heather Wood Amanda Rooney Raman Sarpal Dion Fathom Rosie Baggot Clare Crowley John Harrison (resigned 21 May 2025) Bryn John Mills Laura Shinton (appointed 21 May 2025) Elizabeth Blakemore (appointed 2 July 2025) David Michael Gibson (appointed 2 July 2025)

Company registered number

6264703

Charity registered number

1130961

Registered office

Newhampton Arts Centre Dunkley Street Wolverhampton WV1 4AN

Bankers

National Westminster Bank Queen Square Wolverhampton WV1 1TR

CAF Bank Limited Kings Hill West Malling Kent ME19 4JQ

Page 1

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2025

From September we delivered our second UKSPF funded project called First Step on the Ladder. The project enabled us to deliver a range of backstage training courses, with professional tutors in stage crafts including Stage Management, Lighting, Costume, Make up and Directign and Producing. Courses ran on either regular weeknight evenings or day courses. The project culminated in a Creative Careers Conference co-ordinated by our Founding Director Jane Ward MBE at Tettenhall College in February 2025. The conference featured over 20 former members of Central Youth Theatre who have gone on to carve exciting and diverse career paths in the arts industry across the globe. They provided insight into the industry for over 70 young people aged 15-25 throughout the day through a series of breakout workshops.

Our staff and Trustee team also took to the stage in December to stage their wonderfully bizarre fundraising pantomime Jack (Zak) and the Beanstalk. The event helped us to raise £1,000 for the youth theatre and we’re incredibly thankful to the Chiltington Working Men’s Club for their hospitality.

We were incredibly honoured to have been commissioned by The Three Spires Trust who asked us to deliver our series of GCSE Set Text Packages including An Inspector Calls, A Christmas Carol and Macbeth to 13 of their secondary schools within the trust across Stoke on Trent. In total we worked with over 2,300 pupils who are due to sit their GCSE English Exams.

In February we worked closely with the Wolverhampton Literature Festival once again and staged 2 performances of A Dickensian Disaster at The Arena Theatre, which was staged for a third time at Dormston Mill Theatre in March alongside our National Theatre Connections performance of Saba’s Swim. Both casts showed incredible skill in adapting to the larger playing space of 350 capacity. We were visited by a director from the National Theatre who gave advice on how to upscale our performance ready for its transfer to Worcester Theatre in April. We staged Saba’s Swim at Worcester’s The Swan Theatre as part of their NT Connections regional festival, and I am incredibly proud to say that our production was selected by the National Theatre to be staged at the Dorfman’s Natonal Theatre Connections festival in London in June. A huge thank you to the entire team at the National Theatre who made this amazing opportunity possible for our cast and crew. We learnt so much from transferring the production to this iconic performance venue and working with their incredibly talented staff.

Our Acting Up group staged a wonderful part radio play adaptation of The Hound of the Baskervilles at the Wolverhampton Arts Centre in April with the generous support of Penn Hall School and our volunteer team. The adaptation was written by CYT staff Simon Quinn and Megan Parker.

In May we hosted our dear friends from TPZ Youth Theatre in Italy for a 4 day exchange in Wolverhampton. We welcome 10 young people from Italy who stayed in host families and rented accomodation. The 4 days included workshops, a performance from our CYT cast of 14 young people aged 12-15, a visit to Stratford Upon Avon and social events and evenings at local church halls and of course a final disco and karaoke party to end the event. We hope to visit TPZ again next year with a similar group and project. Our CYT cast staged their devised production of Wish Upon A star written by CYT staff Matthw Allen and Faye Cambell at Wolverhampton Arts Centre in July alongside another senior membership group who will be jetting off to Lithuania in September with their devised production of Stitched Up.

Our Juniors staged a brand new production called Eclipse at Dormston Mill Theatre, with Wednesday Juniors taking Act 1 and Sunday juniors Act 2. The show was written by former members Rosie Murphy and Logan Musgrove and explored topics including belonging and expectations. A big thank you to the volunteer team who helped us manage this epic production with over 50 performers in it.

In July our seniors also staged a double cast version of Little Women at the Wolverhampton Art Centre in the round. They rose to the challenge of a 2 act production with aplomb and managed the challenges of having audience on 3 sides excellently.

CYT Forefront Theatre, our young adult company, staged 2 plays this season – When the Birds Come and Napoleon Dynamite bringing our year to a close at the Birmingham Fest. When the Birds come won an award

Page 2

(A company limited by guarantee)

CENTRAL YOUTH THEATRE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

for best adaptation.

We were also honoured to have been nominated as one of the named charities for Wolverhampton Rotary’s Best Foot Forward sponsored event for the second year running. 62 participants walked for us and completed a staggering 1778 laps (442 miles) and raised £1,000.

And a huge thank you to our CYT angels this year who helped to raise over £1,000 for CYT. They included Rose Ayling, Janine Lane, Raymond Bonnnell memorial and David Thorne who walked the perimeter of Wolverhampton in aid of our Acting Up Group and raised £750

As we end the year, the staff team has drastically changed. We’ve bid farewell to Matthew Allen who is currently starring in the West End production of Fawlty Towers, our office administrator Lizzie is off on Maternity leave, Simon bids a farewell as he sets off into retirement and I as I sit and write this, I am also bidding the team a temporary farewell as I head off into maternity leave to have my second baby. The team will be in safe hands however as long standing CYT staff member Mathilde Petford holds down the fort for the year ahead as interim CEO. I have all the faith in the world that the CYT team will manage to deliver another exiting year ahead for our young members. I can’t wait to return and hear all about their exciting achievements.

Holly Parry CEO

Page 3

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

Annual Statistical Report 2024-25

==> picture [379 x 587] intentionally omitted <==

----- Start of picture text -----
2025 2024 % change
Number of members over the year 122 108 13%
Autumn 24 Spring 25 Summer 25
Number of members per term 111 114 113
Retention rates 95% 86%
Average 113 108 4%
Members who completed all terms 103 90 14%
Holiday schemes & projects Creative Conf First Steps GEN22 Easter drama
77 80 29 20
Of which existing members 15 22 12 12
Characteristics of members
2024
Summary of Young People - Groups Early Years Junior Senior Total Junior Senior Total
6 52 64 122 48 60 108
5% 43% 52% 44% 56%
Summary of Young People - Gender Non-binary Female Male Total Non-binary Female Male Total
78 44 122 2 63 43 108
0% 64% 36% 5% 58% 40%
Summary of Young People - Disability Non-binary Female Male Total Female Male Total
13 15 28 15 12 27
11% 12% 23% 14% 11% 25%
Summary of Young People - Ethnicity Non-binary Female Male Total Non-binary Female Male Total
White 64 36 100 2 49 34 85
Asian 5 1 6 5 1 6
Black 5 1 6 6 2 8
Multi-racial 5 5 10 5 4 9
Totals 0 79 43 122 2 65 41 108
Summary of Young People - Ethnicity % Non-binary Female Male Total Non-binary Female Male Total
White 52% 30% 82% 2% 45% 31% 79%
Asian 4% 1% 5% 0 5% 1% 6%
Black 4% 1% 5% 0 6% 2% 7%
Multi-racial 4% 4% 8% 0 5% 4% 8%
100% 100%
Summary of Young People - Financial Members Full Subsidised Nil Total Full Subsidised Nil Total
Term Membership 98 24 0 122 84 24 0 108
Juniors 38 14 0 52 30 6 0 36
Seniors 52 11 0 63 46 14 0 60
Early Years 6 1 0 7 8 4 0 12
White 81 19 0 100 55 30 0 85
Non-white 17 5 0 22 15 8 23
Summary of Young People - Financial Full Subsidised Nil Total Full Subsidised Nil Total
Membership paid * 80% 20% 0% 100% 78% 22% 0% 100%
Juniors 73% 27% 0% 100% 83% 17% 0% 100%
Seniors 83% 17% 0% 100% 77% 23% 0% 100%
White 81% 19% 0% 100% 65% 35% 0% 100%
Non-white 77% 23% 0% 100% 65% 35% 0% 100%
Average subscriptions paid £110.75 £109.30
Acting Up 2024-25
2025 2024
Number of members over the year 12 13
Summary of Young People - Gender Female Male Total Female Male Total
5 7 12 5 8 13
42% 58% 38% 62%
Summary of Young People - Ethnicity Female Male Total Female Male Total
White 5 7 12 5 8 13
Asian 0
Black 0
Multi-racial 0
Totals 5 7 12 5 8 13
Summary of Young People - Ethnicity % Female Male Total Female Male Total
White 42% 58% 100% 38% 62% 100%
Asian
Black
Mixed 0% 0% 0% 0% 0% 0%
----- End of picture text -----

Page 4

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

The Trustees present their annual report together with the financial statements of Central Youth Theatre for the year 1 August 2024 to 31 July 2025. The Annual report serves as a Trustees’ report and a directors’ report under company law. The Trustees confirm the Annual report and the financial statements of the charitable company comply with the current statutory requirements, the requirements of the company’s governing document and the provision 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 a medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulation 2013 has been omitted.

Structure, Governance and Management

Central Youth Theatre (CYT) was registered as a company limited by guarantee on 31 May 2007. It has no share capital and is a registered charity. The guarantee of each member is limited to £1. The governing documents are the Memorandum of Association and Articles of Association of the company, and members of the Board of Trustees are Directors of the company.

CYT is governed by a board of Trustees who are appointed at the Annual General Meeting.

Nominations to the board are limited to residents of Wolverhampton and the surrounding area who have an active interest in the work of the company. CYT currently has a board of 12 members drawn from a broad section of the community bringing their own skills and experience in the performing arts, education, public/voluntary sector and commerce.

Public Benefit

In setting objectives and planning for activities, the Trustees have given due consideration to the general guidance published by the Charity Commission relating to public benefit, including the guidance ‘Public benefit: running a charity (PB2)’.

CYT is the only youth theatre group in the city successfully integrating people with disabilities into our artistic projects. This has an enormous positive impact on the selfesteem of not only the disabled young people, but also creates awareness of the importance and value of this work for other members.

Objects of the company

To advance the education of young people under the age of 26 living in Wolverhampton and the surrounding area in all aspects of the art of drama and theatre production and the development of public appreciation of such art.

Our Vision

Our artistic programme empowers young people to be Compassionate, Creative, and Connected.

Aims

To offer young people of every background and ability the opportunity to be involved in all aspects of the creative arts in an open and safe environment within the City of Wolverhampton.

To build confidence and skills, enabling young people to learn through creative, fun, aspirational projects, workshops and performances, as well as opportunities to undertake international work.

To encourage young people to drive the work forward in innovative ways providing benefits for the local community as well as wider audiences.

Page 5

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

To celebrate the continuing achievements of our alumni, involving these former members in the nurturing of future creative talents, to provide insight, advice and guidance to careers in the performing arts and media.

To provide a varied programme of performing arts, skill development, education and entertainment that our members and public are willing to support.

To work collaboratively with partners in the Third Sector, Schools/Colleges and Private Sector to support The City of Wolverhampton delivering the key themes set out in the City Strategy 20112026.

To make a significant contribution to invigorate Wolverhampton City Centre and the weekend/local evening time economy.

To advocate the intrinsic value of artistic and cultural activities to the social and economic wellbeing of individuals and in the communities we work in.

Generate an effective, sustainable financial plan that will minimise the reliance on grant funding.

Financial Review

This year was a reasonable year for CYT. Our income was £158,530 and expenditure £197,292. General unrestricted funds are £78,403 so remain at a fully acceptable level. Designated funds £50,000.

Reserves policy

The company aims to hold general (unrestricted) reserves of between three and six months running costs. The present reserves represent twelve months essential costs.

Approved by order of the members of the board of Trustees on 7 December 2025 _______ and signed on their behalf by:

Bryn John Mills Chair

Page 6

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 JULY 2025

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 Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial . 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 state 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:

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.

Approved by order of the members of the board of Trustees on 7 December 2025 _______ and signed on its behalf by:

Bryn John Mills Chair

Page 7

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JULY 2025

Independent examiner's report to the Trustees of Central Youth Theatre ('the company')

I report to the charity Trustees on my examination of the accounts of the company for the year ended 31 July 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

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

  4. 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 accordance 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.

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 I am required to state to them in an Independent examiner's 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:[r~] Dated: 7 December 2025 Melissa Smith MAAT, CIMA dip MA

Signed:

172 Lawnswood Road, Stourbridge, DY8 5LW

Page 8

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 JULY 2025

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
7
Investments
8
Total income
Expenditure on:
Raising funds
9
Charitable activities
10
Total expenditure
Net expenditure before taxation
Taxation
15
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
18,425
58,987
14,483
1,903
93,798
2,996
129,564
132,560
(38,762)
39,393
631
127,772
631
128,403		 Restricted
funds
2025
£
-
64,732
-
-
64,732
-
64,732
64,732
-
-
-
-
-
-		 Total
funds
2025
£
18,425
123,719
14,483
1,903
158,530
2,996
194,296
197,292
(38,762)
39,393
631
127,772
631
128,403		 Total
funds
2024
£
9,585
114,794
5,080
2,495
131,954
605
160,189
160,794
(28,840)
35,550
6,710
121,062
6,710
127,772

The Statement of financial activities includes all gains and losses recognised in the year.

The notes on pages 12 to 27 form part of these financial statements.

Page 9

CENTRAL YOUTH THEATRE (A company limited by guarantee) REGISTERED NUMBER: 6264703

BALANCE SHEET AS AT 31 JULY 2025

Note
Fixed assets
Tangible assets
16
Current assets
Debtors
17
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
18
Net current assets
Total assets less current liabilities
Net assets excluding pension asset
Total net assets
Charity funds
Restricted funds
20
Unrestricted funds
20
Total funds		 78,604
67,392
145,996
(20,360)		 2025
£
2,767
2,767
125,636
128,403
128,403
128,403
-
128,403
128,403		 41,149
120,147
161,296
(36,324)		 2024
£
2,800
2,800
124,972
127,772
127,772
127,772
-
127,772
127,772

Page 10

CENTRAL YOUTH THEATRE

(A company limited by guarantee) REGISTERED NUMBER: 6264703

BALANCE SHEET (CONTINUED) AS AT 31 JULY 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 on 7 December 2025

_______ and signed on their behalf by:

Bryn John Mills Chair

The notes on pages 12 to 27 form part of these financial statements.

Page 11

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1. General information

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association in May 2007.

The principal object of the company is to advance the education of young people under the age of 26, living within Wolverhampton and the surrounding area in all aspects of the art of drama and theatre production and the development of public appreciation of such art

2. 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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Central Youth Theatre 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.

2.2 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.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

2.3 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 between 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.

Page 12

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

2. Accounting policies (continued)

2.4 Interest receivable

Interest on funds held on deposit is included when receivable 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.

2.5 Taxation

The company is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the company is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £NIL or more are capitalised and recognised 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, .

Depreciation is provided on the following basis:

Office equipment - 25% Straight Line

2.7 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.

2.8 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 13

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

2. Accounting policies (continued)

2.9 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 recognised in the Statement of financial activities as a finance cost.

2.10 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.

2.11 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 14

(A company limited by guarantee)

CENTRAL YOUTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

3. Income from donations and legacies

Donations
Contributions to UK and overseas travel
Total 2024		 Unrestricted
funds
2025
£
13,940
4,485
18,425
9,585		 Total
funds
2025
£
13,940
4,485
18,425
9,585		 Total
funds
2024
£
5,711
3,874
9,585

4. Income from charitable activities

Theatrical operations
Grants
Total 2024		 Unrestricted
funds
2025
£
58,987
-
58,987
58,030		 Restricted
funds
2025
£
-
64,732
64,732
56,764		 Total
funds
2025
£
58,987
64,732
123,719
114,794		 Total
funds
2024
£
58,030
56,764
114,794

Page 15

(A company limited by guarantee)

CENTRAL YOUTH THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

5. Theatrical Operations

Box Office
The Actor's wardrobe
Subscriptions and work
Outreach work
Services
Summer school, workshop fees
Product sales		 Unrestricted
funds
2025
£
7,552
-
37,494
12,530
409
870
132
58,987		 Total
funds
2025
£
7,552
-
37,494
12,530
409
870
132
58,987		 Total
funds
2024
£
6,878
1,393
36,942
9,300
288
3,229
-
58,030

6. Grants Received

Eveson
Wolverhampton Council - UK Shared Prosperity Fund
Barry Jackson
Income Activity 2 - Saintbury - All
United Birmingham 2022 Legacy Charity		 Restricted
funds
2025
£
-
39,444
-
2,000
23,288
64,732		 Total
funds
2025
£
-
39,444
-
2,000
23,288
64,732		 Total
funds
2024
£
526
41,140
2,000
-
13,099
56,765

Page 16

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

7. Income from other trading activities

Income from fundraising events

Fundraising
Total 2024
8.
Investment income

Investment income
Total 2024
9.
Expenditure on raising funds
Fundraising trading expenses

Allocated centrally incurred fundraising and governance
costs
Total 2024		 Unrestricted
funds
2025
£
14,483
5,080
Unrestricted
funds
2025
£
1,903
2,495
Unrestricted
funds
2025
£
2,996
605		 Total
funds
2025
£
14,483
5,080
Total
funds
2025
£
1,903
2,495
Total
funds
2025
£
2,996
605		 Total
funds
2024
£
5,080
Total
funds
2024
£
2,495
Total
funds
2024
£
605

Page 17

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

9. Expenditure on raising funds (continued)

10. Analysis of expenditure on charitable activities

Summary by fund type

Theatrical operations
Grants
Total 2024		 Unrestricted
funds
2025
£
129,564
-
129,564
103,425		 Restricted
funds
2025
£
-
64,732
64,732
56,764		 Total
2025
£
129,564
64,732
194,296
160,189		 Total
2024
£
103,425
56,764
160,189

11. Analysis of expenditure by activities

Theatrical operations
Grants
Total 2024		 Activities
undertaken
directly
2025
£
106,502
56,834
163,336
132,869		 Support
costs
2025
£
23,062
7,898
30,960
27,320		 Total
funds
2025
£
129,564
64,732
194,296
160,189		 Total
funds
2024
£
103,425
56,764
160,189

Page 18

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

11. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Production costs
Venue hire
Support workers
International travel
Travel and hospitality
Tutors' fees
Marketing
Training cost - outreach
Training
Other office expenses
Total 2024		 Theatrical
operations
2025
£
54,423
13,204
13,474
2,329
7,791
983
5,423
4,226
4,372
-
277
106,502
78,883		 Grants
2025
£
24,319
2,095
1,865
20,958
-
6,653
-
181
763
-
-
56,834
53,986		 Total
funds
2025
£
78,742
15,299
15,339
23,287
7,791
7,636
5,423
4,407
5,135
-
277
163,336
132,869		 Total
funds
2024
£
66,340
13,083
11,905
17,684
5,690
3,525
5,625
3,365
4,838
249
565
132,869

Page 19

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

11. Analysis of expenditure by activities (continued)

Analysis of support costs

Theatrical
operations
2025
Grants
2025
£
£
Training
-
-
Motor and Travel
1,825
-
Postage and stationery
121
457
Legal and Professional fees
13,299
873
Other office expenses
1,870
-
Rent
4,920
5,334
Buildings -repair and maintenance
-
-
Technical equipment
967
-
Bank charges
60
-
Depreciation
-
1,234
23,062
7,898
Total 2024
24,542
2,778
12.
Independent examiner's remuneration
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts
Fees payable to the company's independent examiner in respect of:
All taxation advisory services not included above
13.
Staff costs
Wages and salaries		 Total
funds
2025
£
-
1,825
578
14,172
1,870
10,254
-
967
60
1,234
30,960
27,320
2025
£
750
225
2025
£
78,742
78,742		 Total
funds
2024
£
387
1,824
734
8,843
2,110
5,326
146
6,956
60
934
27,320
2024
£
725
150
2024
£
66,340
66,340

Page 20

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

13. Staff costs (continued)

The average number of persons employed by the company during the year was as follows:

2025 2024
No. No.
Employees 6 5

No employee received remuneration amounting to more than £60,000 in either year.

14. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL) .

During the year ended 31 July 2025, no Trustee expenses have been incurred (2024 - £NIL) .

15. Taxation

Corporation tax
Theatre Tax relief for the year
Taxation on net expenditure		 2025
£
(39,393)
(39,393)		 2024
£
(35,550)
(35,550)

There were no factors that affected the tax credit for the year which has been calculated on net expenditure at the standard rate of corporation tax in the UK of 19% (2024 - 19%).

There are no factors considered likely to affect future tax charges.

Page 21

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

16. Tangible fixed assets

Cost or valuation
At 1 August 2024
Additions
At 31 July 2025
Depreciation
At 1 August 2024
Charge for the year
At 31 July 2025
Net book value
At 31 July 2025
At 31 July 2024
17.
Debtors
Due within one year
Trade debtors
Other debtors
Prepayments and accrued income
Tax recoverable		 Motor
vehicles
£
2,000
-
2,000
2,000
-
2,000
-
-		 Office
equipment
£
3,734
1,200
4,934
934
1,234
2,168
2,766
2,800
2025
£
1,900
382
1,411
74,911		 Total
£
5,734
1,200
6,934
2,934
1,234
4,168
2,766
2,800
2024
£
3,881
105
1,645
35,518
78,604 41,149

Page 22

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

18. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Accruals and deferred income		 2025
£
1,138
3,970
15,252
20,360		 2024
£
2,084
975
33,265
36,324

19. Financial instruments

2025 2024
£ £
Financial assets
Financial assets measured at fair value through income and expenditure 67,392 120,147

Financial assets measured at fair value through income and expenditure comprise of assets held for trading and those financial assets designated as being held at fair value through profit and loss.

Page 23

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

20.
Statement of funds
Statement of funds - current year
Balance at 1
August 2024
£
Unrestricted funds
Designated funds
Designated Funds - all funds
50,000
General funds
General Funds - all funds
77,772
Total Unrestricted funds
127,772
Restricted funds
Restricted Funds - all funds
-
Total of funds
127,772		 Income
£
-
93,798
93,798
64,732
158,530		 Expenditure
£
-
(132,560)
(132,560)
(64,732)
(197,292)		 Taxation
£
Balance at
31 July 2025
£
-
50,000
39,393
78,403
39,393
128,403
-
-
39,393
128,403		 Taxation
£
Balance at
31 July 2025
£
-
50,000
39,393
78,403
39,393
128,403
-
-
39,393
128,403
78,403
128,403
-
128,403

Page 24

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

20. Statement of funds (continued)

Statement of funds - prior year
Balance at
1 August
2023
£
Unrestricted funds
Designated funds
Designated Funds - all funds
50,000
General funds
General Funds - all funds
71,062
Total Unrestricted funds
121,062
Restricted funds
Unallocated amounts
-
Total of funds
121,062		 Income
£
-
75,190
75,190
56,764
131,954		 Expenditure
£
-
(104,030)
(104,030)
(56,764)
(160,794)		 Taxation
£
-
35,550
35,550
-
35,550		 Balance at
31 July 2024
£
50,000
Unrestricted funds
Designated funds
Designated Funds - all funds
General funds
General Funds - all funds
Total Unrestricted funds
Restricted funds
Unallocated amounts
Total of funds
77,772
127,772
-
127,772

21. Designated funds

The designated fund was set up to raise capital funds for CYT to purchase their own premises.

22. Summary of funds

Page 25

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

22. Summary of funds (continued)

Summary of funds - current year

Balance at 1
August 2024
£
Designated funds
50,000
General funds
77,772
Restricted funds
-
127,772
Summary of funds - prior year
Balance at
1 August
2023
£
Designated funds
50,000
General funds
71,062
Restricted funds
-
121,062		 Income
£
-
93,798
64,732
158,530
Income
£
-
75,190
56,764
131,954		 Expenditure
£
-
(132,560)
(64,732)
(197,292)
Expenditure
£
-
(104,030)
(56,764)
(160,794)		 Taxation
£
Balance at
31 July 2025
£
-
50,000
39,393
78,403
-
-
39,393
128,403
Taxation
£
Balance at
31 July 2024
£
-
50,000
35,550
77,772
-
-
35,550
127,772		 Taxation
£
Balance at
31 July 2025
£
-
50,000
39,393
78,403
-
-
39,393
128,403
Taxation
£
Balance at
31 July 2024
£
-
50,000
35,550
77,772
-
-
35,550
127,772
128,403
Balance at
31 July 2024
£
50,000
77,772
-
Designated funds
General funds
Restricted funds
127,772

23. Analysis of net assets between funds

Analysis of net assets between funds - current year

Unrestricted
funds
2025
£
Tangible fixed assets
2,767
Current assets
145,996
Creditors due within one year
(20,360)
Total
128,403		 Total
funds
2025
£
2,767
145,996
(20,360)
128,403

Page 26

CENTRAL YOUTH THEATRE

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

23. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Unrestricted
funds
2024
£
2,801
161,295
(36,324)
127,772		 Total
funds
2024
£
2,801
161,295
(36,324)
127,772

Page 27