2024-12-31-accounts

REGISTERED COMPANY NUMBER: 07458841 (England and Wales) REGISTERED CHARITY NUMBER: 1139526 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 20Z4 Guildford shakes eare Com Limited an Trust Bennewith 2018 Limited t/a A J Bennewith & Co Upper Ground Floor 18 Farnham Road Guildford Surrey GUI 4XA

Guildford Shakes eare Com an Trust Limited Contents of the Financial Statements for the Year Ended 31 December 2024 Page Report of the Trustees Statement of Financial Artivities Balance Sheet io Cash Flow Statement li Notes to the Cash Flow Statement 12 Notes to the Financial Statements 13 to 19 Independent Examinerfs Report 20

GUILDFORD SHAKESpE￿RE COMPANY Astolat Pavilion, Lido Road, Guildford, GU1 1 FH T: 01483 301590 [e-mail] W: wwM.guildford-shakespeare-company.co.uk Honorary Patron Brian Blessed OBE Trustees, Annual Report Year Ended December 2024 The Trustees, who are also directors for the purposes of company law. have pleasure in presenting their report and financial statements of the charity for the year ended 31 December 2024. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity name Guildford Shakespeare Company Trust Ltd (hereafter GSC) Charity Registration No 1139526 Registered Office 18 Farnham Rd, Guildford GU14XA THE TRUSTEES The trustees who served the charity during the period were as follows: Ms Jaz Blake Mr Peter Gordon Ms C J Mitchell (vice chair) Ms Jane Shepperd (chair) Mr Gavin Thomas Ms Karin Walker Independent Examiners Report AJ Bennewith STRUCTURE, GOVERNANCE AND MANAGEMENT GSC is governed by its Memorandum and Articles of Association dated 2 December 2010. None of the Trustees receive remuneration from their work on behalf of the charity. All Trustees are aware of their legal obligations under charity and company law, the Charity Commission guidance on Public Benefit and have receivèd the Memorandum and Articles of Association. They have received the current Business Plan. Memorandum and Articles and this year's Addendum. They keep the financial performance of the charity under constant review. The Trustees meet on a regular basis. During thè year the day to day running and management of the company is delegated to the Joint Artistic and Executive Produ￿[$ Sarah Gobran and Matt Pinches. The Trustees take into account the charity commission guidance on public benefit and believe the 8Ctivities of GSC are in line with that guidance. ongside the Joint Artistic & Executive Producers. GSC employed on a full-time basis a Creative Learning Producer, Company Stage Manager, Education Manager. Marketing offi￿r, and part-time Administrator. OBJECTIVES AND ACTIVITIES To advance education for the public benefit by the promotion of the arts in particular, but notexclusively, the art of drama and to foster and promote public taste in, though not exclusively, the works of William Sh8kespeare through productions and other associated events and educational and training activities. Gyildford Shakespeare Company Trust Limited Charity Reg. No. 11395261 Company Reg. No. 07458841 Reg. Office: 18 Farnham Road. Guildford GU1 4YA

GUILDFORD SHAKESPEARE COMPANY Astolat Pavilion, Lido Road, Guildford, GU1 1 FH T.. 01483 301590 [e-mail] W: vwM.guildford-shakespeare-company.co.uk Honorary Patron Brian Blessed OBE STAGE PERFORMANCES January 2024 - December 2024 JanuarylFebruary April April JunelJuly August Sept Oct Dec Pride and Prejudice Holy Trinty Church Sonnet walks in Cranleigh Young Company's performance performed in Guildford Baptist Church Romeo and Juliet - Guildford Town Centre Pride and Prejudice Jemiyn Street Theatre, London Wild Walks- sUr￿Y County Councivwest Horsley Place Macbeth & Romeo and Juliet Tour The Housetrap - West Horsley Place THEATRE IN EDUCATION TOURS: January/Feb Delight in Shakespeare Surrey OcVNovember Secondary Schools, Tour of Macbeth and Romeo and Juliet- retuming to schools for live performances and workshops. This continued the relationships developed in 2023 touring to Reading, Village Halls and the Orange Tree in Richmond, who were co- producers. Funded by Geoff He￿ingtOn Foundation. The Tempest tour to less advantaged Primary Schools in ArrRACTING AND RETAINING TALENT Auditions are held for each production but a number of actors, directors, designers and stage managers return to work for GSC at regular inteNals. 121 employed and freelance jobs were created in 2024 employing 71 females, So males, continuing our mission to create equal opportunities. We are proud to have welcomed back some actors that have worked for us beft)re. that are popular with our audienoes, but also some fresh new talent too. ARTISTIC VALUES GSC is a professional site-specffjic theatre company, specialising in Shakespeare. Our approach places the audience right at the heart of the action, immersing them in the world of the play, thereby demystifying the legend that Shakespeare is for an elite, educated few but rather is immediate and accessible to everyone. At GSC we use diverse and unusual non-theatre venues to create dynamic and challenging productions. From castles to lakes. churches to pubs. our approach merges the audience and acting space so that you're given a visceral. stimulating and, above all, unique th8atre experience. GSC productions are fresh, fast and modem in their interpretation of Shakespeare. but always in the original text and never dumbed down. Making the arts, and more specifically theatre and Shakespeare, accessible to a wider community, is key to the work that we do and reaching socially isolated members of our community with especially tailored programmes of work, drawing on the skill base of especially selected practitioners and experts. To celebrate our 181h Anniversary, cementing and celebrating our work both in and of the community was vital. Choosing the commentary theme of Coming of Age for the year's work, we started by creating a brand-new adaptation of Pride & Prejudice performed by just three actors. This decision was necessitated by reduced funding and audience figures from 2023. requiring us to reduce production budgets. The result, however, was a slick, fun, quirky adaptation which was so popular that it received its own run in London and will have a follow up international and UK tour in 2025. Our summer season was condensed to one show. rather than two, because of the large scale of the project that we produced. Romeo & Juliet. became a multi-location, promenade theatre piece that involved four weeks of road closures in order to use Guildford's iconic High Street as our main location, but also encompassed Abbott's Hospital, Holy Trinity Church. Tunsgate Arch, Tunsgate Quarter, the Guildford Shakespeare Company Trust Limited Charity Reg. hTo. 11395261 Company Reg. No. 07458841 Reg. Office". 18 Farnham Road. Guildford GU14XA

GUILDFORD SHfyKESPEARE COMPANY Astolat Pavilion, Lido Road, Guildford. GU1 1 FH T- 01483 301590 [e-mail] W: wwi.guildford-shakespeare-company.co.uk Honorary Patron Brian Blessed OBE Guildhall Balcony and the Casye Grounds. This show also involved both an adult and a school's community chorus. wtth four schools and our Saturday and Young Carers clubs. An associated Knife Crime Awareness Project was taken to all the schools and clubs involved in the project and an event was staged at Guildford Cathedral and included partners such as University of Surrey, Surrey Police, Crime Stoppers, Charlie's Promise. Street Angels, Pub Watch and Experience Guildford. Ourfinal show of the year, was a very popular Murder Mystery at the famous West Horsley Place, which sold out very quickly. FRIENDS & PATRONS OF GSC Our Friends scheme has continued to be well supported. At the end of the year 8 new Friends had joined the scheme. making a total of 40 Joint Friends and 28 Single. This total of 68 names in the scheme is a decrease of 2 on 2023. However, 3 Friends upgraded their support to Patrons. which at the end of 2024 stood at 6 names. VOLUNTEERS GSC greatly benefits from our volunteer supporters. young and old, who help us in a variety of ways but chiefly at Front of House for our productions. We are incredibly grateful to them and would not be able to survive without their help and support. ACCESSIBILITY AND PUBLIC BENEFIT GSC are dedicated to making theatre accessible and affordable to all. We therefore aim to keep ticket prices as low as possible and additionally offer cut price tickets for jobseekers, students and families. We provided significantly reduced preview tickets for the first performance in every season. Our Pay What You Can scheme for every Mondsy perforniance throughoLrt the year continued to extend our offering to those less able to afford our standard prices and to encourage new customers. Audio Described and BSL p8rfomiances were offered for all productions. Subtitles were also added to trailers and teasers. Despite using a system of unallocated seating, we do offer a service to disabled audience members including those who are hard of hearing or visually impaired, whereby they request front row or aisle seating in advance. Large print copies of the synopsis are also available from the Box offi￿ on site. Relaxed Performances Nights were included for all main house shows. Visual guides for all venues were created so patrons could get an idea of what to expect before they arrived. This can help to relieve anxiety and promote an inclusive atmosphere. GSC continued to offer complimentary tickets to a number of local charities.. Our school's tours in partnership wtth Delight and Geoff Herrington. toured to ￿enty disadvantaged schools in Surrey, providing children with their first experience of Shakespeare and for the majority also their first experience of theatre. EDUCATIONAL & OUTREACH PROGRAMME Our Education and Outreach Department was run by Creatrve Leaming Producer. Kerrie Driscoll. and our Education Manager was Rob Cann. A range of freelancers facilitated our clubs, classes, tours and Guildford Shakespeare Company Trust Lirniled Charity Reg. No. 11395261 Company R￿. No. 07458841 Reg. Office." 18 Famharn Road. Guildford GU1 4XA

GUILDFORD SH￿KEsPEARE COMPANY Astolal Pavilion. Lido Road, Guildford, GU1 1 FH T: 01483 301590 [e-mail] W: www.guildford-shakespeare-company.co.uk Honorary Patron Brian Blessed OBE outreach projects. This year Eli Murton joined the team as part of her role Leaming and Development Coordinator, primarily looking after exsisting project In Our Stars and building the schDols workshops. Some 26.000 participation opportuntties were created through our Education and Outreach classes. 7000 of those were fee paying. attending weekly clubs, classes and workshops. A further 19000 participants engaged with our free to access outreach programmes. GSC Saturdays is for children aged 8-18 and takes Pla￿ at GSC HQ between 1 Oam and 12md on a Saturday morning. GSC Wednesday is a mid-week drama group for children aged 7-12 and takes place at GSC HQ be￿een 6pm-7pm. GSC Mondays is a more intimate drama group for autistic young people. taking place at GSC HQ 6pm- 7pm. It is limited to 8 participants and is providing a relaxed space to enjoy drama and make social connections. GSC Sprites The two regular weekly Sprites classes at Queen Eleanor's Junior School, and the one at Godalming Junior School on Wednesdays Sprites continues to sell out to full capacity. Sprites at Boxgrove Primary School continues on a Monday. Hollday Drama Clubs We now run 4 Play-in-a-week summer schools for paying participants.. for 12-18yr olds, and two for 7-13yr olds. Alongside these holiday clubs, we also ran three further free to access, week-long clubs for Young Carers, Together- a club for children with disabilities, and a further o age groups for Club4 a govemment funded club ft)r children from household's struggling financially. Adult Classes The Bard's Not That Hard is GSC'S practical Shakespeare classes for adults continues in its popularity, consistently this group has been full for the last 12 months. We piloted a dance cl8ss for adults called Shake it with Shakespeare, off the back of our Community Chorus participant in th8 summer production of Romeo and Juliet. We introduced this as a 6-week course and will continue building this in 2025. GSC s Young CompanyThursday evèning class for teenagers who have an active interest in entering the profession, with dedicated mentoring schemes and streams of work that focus on directing and writing as well as acting. Th& students are treated as young professionals in training and a significant part of their studies is focused on site-responsive work. In September they began preparations for their tenth play. In-school Workshops In 2024. GSC held 41 paid in-school workshops at 17 dtfferent schools. Brave New World GSC continued Brave New World, an ongoing programme of outreach projects to affect social change within our communities, which began in September 2018. These projects assist less advantaged schools and reduce social isolation in the communty. using the transformative power of live theatre. Funding was secured from various sources, Fncluding," The National Lottery, The Community Foundation for Surrey, The High Sheriff Youth Awards. Surrey County Council (Club4), Guildford Lions, Delight Charity, Guildford Poyle Charities, Geoff Herrington Foundation. and The Wrentham Trust, Tesco Grants, David Williamson Trust. Delight in Shakespeare Working with another Surrey based charity Delight, we toured A Midsummer Night's Dream to primary schools, with follow-on workshops helping them to create their own productions of the play to perform to family and friends. Speak The Speech Guildford Shakespeare Company Trust Lirnited Charity Reg. No. 11395261 Company Reg. No. 07458841 Reg. Office". 18 Famharn Road. Guildforcl GU1 4XA

GUILDFORD SHfyKESPEARE COMPINY Astolat Pavilion, Lido Road, Guildford, GU1 1 FH T: 01483 301590 [e-mail] W: www.guildford-shakespeare-company.co.uk Honorary Patron Brian Blessed OBE With the help of a grant from The Wrentham Trust we have been able to work with every student in Years 4-6 at Guildford Grove School and Weyfield Primary academy. Both schools have above the average number of students eligible for Pupil Premium. The Play's the Thing Funding from The Geoff Herrington Foundation enabled GSC to tour to disadvantaged GCSE students in Surrey, providing 16 schools with professional insight at a crucial point of their academic life. The project delivered the most popular Shakespeare plays studied at GCSE, Macbeth and Romeo and Juliet. We continued the relationship with the Orange Tree as co-producer with an extension to the Orange Tree Theatre and surrounding schools in the area. As well as a week's tour to Village Halls in Surrey, a week in Reading working with Reading Rep Theatre. Spirit of Youth Has continued at Queen Elizabeth Park Care Home and Weyfield Primary Academy where the project originated. It has been incredibly successful with funding provided by the Community Foundation for Surrey. We continued the project in Redhill with Greensands Care home and Salfords Junior School for the Spring term, but due to school staffing restrickn'ons the programme finished in the summer. A Time For All Things We continued our year-long residencies providing workshops for Christ College and Kings College Guildford. with the support from The Wrentham Trust. The programme is created in close collaboration with members of the teaching staff making sure Shakespeare is heard and neverjust read. In Our Stars We began a new programme of weekly sessions for young carers at Kings College. We also ran a summer club with young carers from all Guildford schools invited to attend. Funded by The Archbishop of York Trust and Guildford Poyle Foundation. Wlth my Eyes Our dramatherapy sessions returned for its fifth year. Funded by the National Lottery Community Fund, and The High Sherrff. Working with 8 families, we have seen great success with reports of better communication and understanding, lessjudgmentfrom peers and stsrting to feel more comfortable with who they are. Play On We continued for the Autumn Term, for past participants of With My Eyes. The sessions allowed the children to continue their relationship with GSC and other participants, while gaining continued support. Funded by The Wrentham Trust. This class stopped in Spring as we saw many of the participants take up places in our mainstream drama clubs, such as Young Company and Monday's. Festival of Revels Our third year collaborating with West Horsley Place, on the Festival of Revels. Joining GSC and the Raleigh school for a week intensive to create a sonnet walk around the beauti￿[ grounds and house, performed to family and friends. RAISING PROFILE AND MARKETING The charity's profile continued to be raised through our main house productions, events and online interaction. Social media was by far the charity's main source of raising profile, with the following results. Facebook Followers - Up 224 followers (up 26Q/o compared with 2023) Net Followers- up 153 (down 1 % compared with 2023) Reach - 458K (up 133°A compared with 2023) GuTldford Shakespeare Company Trust Limitèd Charity Reg. No. 11395261 Company Reg. No. 07458841 Reg. offi￿.. 18 Farnham Road. Guildford GU1 4XA

GUILDFORD sH￿KEspEARE COMPANY Astolat Pavilion, Lido Road, Guildford. GU1 1 FH T. 01483 301590 - [e-mail] W: M*w.guildford-shakespeare-company.co.uk Honorary Patron Brian Blessed OBE Instagram Followers- 358 (up 60/0 compared with 2023) Reach - 107.5K (up 876 % compared with 2023) You Tube Subscribers - 413 (up 67) Views - 36K (24k 2023) Impressions - 394K (271k 2023) TikTok" Followers- 512 Likes- 2206 'No previous data or deeper insights due to not being set up as a business account. This has since been remedied. Good relations continued with BBC Surrey with numerous interviews throughout the year. National profile continued to be raised with reviews from The Guardian, The Daily Telegraph and The Daily Mail. For Romeo & Juliet an outside PR company was engaged who also generated coverage on Greatest Hits Radio for GSC. In 2024, the Co-Founders continued to seek opportunities to maximise their own profiles to further the message of the theatre company and charity's objectives. These included: Talks with local groups, including the Cobham Literary Festival Hosting thè Surrey Propety Awards. Matt returned to the Yvonne Arnaud panto for the sacond year, seen by over 29,000 people. One of the largest developments was the appointment of a specialist Digital Marketing & Communications Officer. Briony is now looking after all digital comms and asset creation, as well as supporting the development of marketing campaigns. This includes the making of videos and in- house design. New Box Office & comms 2024 saw our first full calendar year using the new Box Office system. Ticketsolve. This development has improved communications with our audienceslparticipants in the lead up to their experiences with us, as well as stream-lining the customer experience whilst purchasing tickets. In time it will also enable us to monitor and understand our audiences better. 10722 tickets were sold through the system. including for the first time, all our Drama Clubs. These transactions totalled £293,002. It was anticipated that the new Box Office system would cost more than previous to run, and the first two years at least has been covered by a generous donation and funding (£33K). Breakdown as follows: Ticketsolve commission SplitPixel Iweb hosts) Global (Payment Gateway) Total £8,647.60 £3,474 £566.03 £12,862.91 A Box Office iPad was also purchased. This leaves £14.741 of the Box Office fund still to be used for future years Guildford Shakespeare Company Trust Limiled Charity Règ. No. 11395261 Company R￿. No. 07458841 Reg. Office". 18 Famham Road. Guildford GU14K4

GUILDFORD SHAKESPURE COMPANN Astolat Pavilion. Lido Road, Guildford, GU1 1 FH T- 01483 301590 [e-mail] W: www.guildford-shakespeare-company.co.uk Honordry Patron Brian Blessed OBE SUSTAINABILITY Whilst GSC has always sought to be environmentally aware it was agreed in 2022 that the charity needed to create a Sustainability Policy. This policy will help GSC make crucial future planning decisions. become a leader in our industry and ensure the charty is doing all it can to be sustainable. The first stage of this was to conduct an audit of what we currently do that is sustainable. and what is not. The team identified some 'easy wins. to further boost such as printing in draft and only turning on the water heaters as necessary. We also need to promote more what we are doing, as audiences, partners and funders are becoming increasingly more aware and are looking at how those they interact with are being sustainably conscious. This will be a longer project and more research is to be done on sustainable practices within our industry" and how we can turn those into practical applications given our operation. Co-Founder Matt Pinches and Creative Learning Producer Kerrie Driscoll are leading on this. FINANCIAL REVIEW We operated our bank account with a positive balance throughout the year. We continued operating both current and deposit accounts. We paid all our credttors within their terms and conditions. A grant of £44,458 from Arts Council towards Romeo and Juliet was awarded this year. Our Education Department received several grants for Brave New World, a series of outreach projects within local schools and the communty: The Play's The Thing (Macbeth and Romeo and Juliet to GSCE students in 15 Disadvantaged Secondary Schools. Autumn 2022) £ 29.566 received from The Geoff Herrington Foundation With My Eyes (a programme of therapeutic sèssions for excluded youth and their parents- to take place in Summer Term 2023) £5,000 received from High Sherrif Youth Awards, £4,000 Poyle Charities Guildford, £2,500 anonymous donation. £1.000 from Guildford Lions. David Williamson Trust, and Tesco Grants, Together (holiday clubs for S.E.N.D children and young adults) £4,050 from Surrey County Council Club 4 (holiday club for less advantaged children) £7040 from Surrey County Council In Our Stars (Free drama club for young carers) £4, 700 from Communty Foundation for SurTey Spirit of Youth £7, 500 Communty Foundation for Surrey Speak The Speech, A Tirne forAII Things, Play On and In Our Stars £31,004 from Wrentham Tnjst Funding granted in 2024. carried into 2025: Spirit of Youth - £2500 With My Eyes - £7500 National Lottery Communty Fund Corporate Sponsorship from local and national business is a vital Sour￿ of GSC'S income. Though on average a comparatively low amount compared to ticket sales. it is often the difference be￿een breaking even and not. Returning Principals included Whittingtons. experien￿GUildfOrd. Charles Stanley and Chapters Financial. Guildford Shakespeare Company Trust Limitèd Charity Reg. No. 11395261 Company Reg. No. 07458841 R￿. Officè: 18 Famham Road. Guildford GU1 4XA

GUILDFORD SHIKESPEARE COMPANY Astolat Pavilion, Lido Road, Guildford, GU1 1 FH T. 01483 301590 [e-mail] W: www.guildford-shakespeare-company.co.uk Honorary Patron Brian Blessed OBE Nine other Perft)rmance Sponsors returned along with S new ones. One of these was a previous Principal Sponsor who supported PnP Press Night, whilst another supported in-kind by purchasing large number of tickets. Combined wilh programme advertising, sponsorship generated £26,430. a small increase of £443 on 2023. Although sponsorship for most of 2024 hit above target, that for Pride & Prejudice the start of the year was below the usual amount sought. Feedback from GSC'S Corporate Fundraiser included that a number of sponsors were still pulling back on budgets and changes in personnel (thus taking sponsorship elsewhe￿). The inclusion of the Murder Mystery in December 2023, so close to the start of 2024, split both generation time and sponsors. attention. Support in kind from Yvonne Arnaud Theatre, Bennewith & Co and Surrey Chambers of Commerce continued. We continued our close rèlationship with Hogs Back Brewery as interval Bar Partners. DONATIONS Donations continued to be collected through standing orders. bequests, PayPal Gtving Fund and being added to ticket bookings. Totsl donations made to the charity were £19,819.96 (£3303.45 more than 2023) This w8s made up in the following ways: With ticketlclass purchases Through the Box Office Directly to the charity Put Up Swords Festival of Revels £3258.51 £12,208.00 £3772.00 £209.00 £500.00 (3 large donations incl. £6000, £2181, £1500) (Stsnding Orders, cheques. etc) (made through Box Office) New for this year was the ability for class bookers to donate when booking class (£453), though this does mean that donations made with tickets was slightly less than 2023. A further £6303.88 was claimed in Gift Aid from donations and FriendslPatrons memberships. SECURITY Project Five was purchased by Fluidone who are now the charity's IT support provider. who also maintain the cyber security of GSC. The enhanced protection provided by SplitPixel ensures our website remains compliant and secure. GSC continue to comply with GDPR privacy rules. and which is continually reviewed across the year. HR GSC employed freelance HR support from Rosemary Hedgecock at 271HR. Guildford Shakespeare Company Trust Limited Charity Reg. No. 11395261 Company R￿. No. 07458841 Reg. Office.. 18 Famham Road, Guildford GU1

Guildford Shake5 eare Com an Trust Limited Statement of Financial Attivitie5 for the Year Ended 31 December 2024 31.12.24 Total fvnds 31.12.23 Total funds Unrestricted fund Restricted fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 138.549 126,337 264,886 221,352 Other trading activities Investment income Other income 441,704 713 79.009 441,704 713 79,009 396,465 676 97,997 Total 659.975 126,337 786,312 716,490 EXPENDITURE ON Raising funds 384,268 156,774 541,042 519.186 Charitable activities Charitable activities 108,587 108,587 73.821 Total 492,855 156,774 649.629 593,007 NET INCOME/(EXPENDITURE) 167,120 (30,4371 136,683 123,483 RECONCILIATION OF FUNDS Total funds brought forward 193,725 60,296 254,021 130,538 TOTAL FUNDS CARRIED FORWARD 360.845 29.859 390,704 254,021 The notes form part of these financial statements Page 9

uildFord Shakes eare Corn Trust Limited Balance Sheet 31 Dec mber 2024 31.12.24 Total funds 31.12.23 Totsl funds Unrestricted fund Restricted fijnd Notes FIXED ASSErs TanbTble assets 12 49.770 49,770 61,386 CURRENT ASSErs Debtors Cash at bank 13 92,413 332,952 92,413 362,811 16,643 318,294 29.859 425.365 29.859 455,224 334,937 CREDITORS Amounts falling due within one year 14 1114,2901 {114,2￿) 1142,3021 NEf CURREMf ASSETS 311,075 29,859 340,934 192,635 TOTAL ASSEfs LESS CURRENT UABIUTIES 360,845 29,859 390,704 254,021 NET ASSErs 360,845 29,859 39),704 254,021 FUNDS Unrestricted funds Restricted funds 15 360,845 29,859 193,725 60,296 TOTAL FUNDS 390,704 254,021 The charltable company is entitled to exemption from audlt under Section 477 of the Companies Art 2006 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordancewith Sertion 476 of the CompaniesArt 2¢)%. The trustees acknowledge their respon5ibilitles for la) ensuring that the charitable cornpany keeps accountin8 records that comply with Sections 386 and 387 of the Companies Act 2C06 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirernents of the Cornpanies Art 2(X)6 relating to financial statements, so far as applicable to the charitable cornpany. Ibl The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: Trustee The notes form part of these finanaal ststements Page 10 ontinued...

Guildford Shakes eare Com an Trust Limited Cash Flow Statement forthe Year Ended 31 December 2024 31.12.24 31.12.23 Notes Cash flows from operating artivities Cash generated from operations 45,411 121,755 Net cash provided by operating activities 45,411 121,755 Cash from investing artivitie5 Purchase of tangible fixed asset5 Interest received (1.6071 713 119,9151 676 Net cash used in investing activities {8941 119,2391 Change in cash and cash equivalents In the reporting period Cash and cash equivalents at the beginning of the reporting period 44,517 102,516 318.294 215,778 Cash and cash equivalents at the end of the reporting period 362,811 318,294 The notes fonn part of these financial statements Page 11

Guildford Shakes eare Com an Trust Limited Notes to the Cash Flow Statement forthe Year Ended 31 December 2024 RECONCILIATION OF NEf INCOME TO NEf CASH FLOW FROM OPERATING ACTIVITIES 31.12.24 31.12.23 Net income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Increase in debtors Decrease in creditors 136,683 123,483 13,223 17131 175,7701 (28,0121 12,886 16761 13,8161 110,1221 Net cash provided by operations 45,411 121,755 ANALYSIS OF CHANGES IN NET FUNDS At 1.1.24 Cash flow At31.12.24 Net cash Cash at bank 318,294 44.517 362,811 318,294 44,517 362,811 Total 318,294 44,517 362,811 The notes form part ofthese financial statements Page 12

Guildford Shakes eare Com an Trust Limited Notes to the Financial Statements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 'Accounting and Reporting by Charities.- Statement of Recommended Practice applicable to charities preparing their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical c05t convention. Income All income is recogni5ed in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefit5 will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible flxed assets Depreciation is provided at the following annual rates to write off the cost of tangible fixed assets over their useful life: Computer equipment Land & buildings Furniture, fittin8s and equipment Motor vehicles 33.3% straight line IO% straight line 33.3% straight line 25% straight line Taxation The charity is exempt from corporation tax on its charitable attivrties. Fund accounting Unrestricted funds can be used in accordance with the charitable objettives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is Included In the notes to the financial statements. Page 13 continued...

Guildford Shakes eare Com Trust Limited Notes to the Financial Statements - continued for the Year Ended 31 December 2024 DONATIONS AND LEGACIES 31.12.24 31.12.23 Sponsorship Donations Grants Subscriptions 23.125 27.018 212.713 2,030 23,250 22,290 169,218 6,594 264,886 221,352 Grants received, included in the above, are as follows: 31.12.24 31.12.23 Other grants 212,713 169,218 OTHER TRADING AcfiviTIES 31.12.24 31.12.23 Ticket sales Workshops / schools Advertising Refreshment sales Other fundraising income Special performance5 271,678 116,550 3.620 30.432 6,127 13,297 220,987 97.893 6.921 23,794 11,863 35,007 441,704 396,465 INVESTMENT INCOME 31.12.24 31.12.23 Deposit account interest 713 676 Page 14 continued..

Guildford Shakes eare Com an Trust Limited Note5 to the Financial Statements- continued forthe Year Ended 31 December 2024 RAISING FUNDS Other trading activities 31.12.24 31.12.23 Staff costs Props, costumes / stsge Subcontractors Equipment & site hire Storage Refreshments 218.593 33,231 245,745 34,624 985 7,864 209,742 32,737 235,300 33,609 1,017 6,781 541,042 519,186 CHARITABLE AcfiviTIES COSTS Support costs (see note 71 Direct Costs Totals Charitable activities 103,306 5,281 108,587 SUPPORT COSTS Finan¢e Charitable activities 5,281 NET INCOME/{EXPENDITURE) Net income/lexpenditure) is stated after charging/{creditingl: 31.12.24 31.12.23 Depreciation- owned assets 13,223 12,886 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. Page 15 continued...

Guildford Shakes eare Com an Trust Limited Notes to the Financial Statements- continued for the Year Ended 31 December 2024 io. STAFF COSTS 31.12.24 31.12.23 Wages and salaries 218.593 209,742 218,593 209,742 The average monthly number of employees during the year was as follows: 31.12.24 31.12.23 Employees No employees received emoluments in excess of £60,000. ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 178,250 43,102 221,352 Other trading activities Investment income Other income 396.465 676 97.997 396,465 676 97,997 Total 673,388 43,102 716,490 EXPENDITURE ON Raising funds 458,540 60,646 519,186 Charitable activities CHARITABLE 73,821 73,821 Total 532.361 60,646 593.007 NEf INCOME/IEXPENDITURE) 141,027 117,5441 123,483 RECONCILIATION OF FUNDS Total funds brought forward 52,698 77,840 130,538 TOTAL FUNDS CARRIED FORWARD 193.725 60,296 254,021 Page 16 continued...

Guildford Shakes eare Com an Trust Limited Notes to the Financial Statements- continued forthe Year Ended 31 December 2024 12. TANGIBLE FIXED ASSErs Fixtures and fittings Freehold property Motor vehicles Totals COST At lJanuary2024 Additions 77.199 8,226 1.607 19,915 105,340 1,607 At 31 December 2024 77.199 9.833 19,915 106,947 DEPRECIATION At l January 2024 Charge for year 30,876 7,720 8,099 524 4,979 4,979 43,954 13.223 At 31 December 2024 38.596 8,623 9,958 57,177 NET BOOK VALUE At 31 December 2024 38.603 1,210 9,957 49,770 At 31 December 2023 46,323 127 14,936 61.386 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors Other debtors Prepayments 12.042 80,371 5,869 975 9,799 92,413 16,643 14. CREDITORS: AMOUNT5 FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade creditors Social security and other taxes Other creditors Accrua15 and deferred income Accrued expenses 43,397 4,072 1,938 48,982 15.901 13,248 4,286 951 81.586 42,231 114,290 142,302 Page 17 continued...

Guildford Shakes eare Com an Trust Limited Notes to the Financial Statements- continued for the Year Ended 31 December 2024 15. MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 193,725 167,120 360,845 Restricted funds Other Funding { restricted Grants) 60.296 (30.4371 29,859 TOTAL FUNDS 254,021 136,683 390,704 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 659.975 1492.8551 167,120 Restricted funds Other Funding I restricted Grants) 126.337 1156,7741 130,4371 TOTAL FUNDS 786.312 (649.6291 136,683 Comparatives for movement in funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General f und 52,698 141,027 193,725 Restricted funds Other Funding I restricted Grants} 77,840 117,5441 60,296 TOTAL FUNDS 130,538 123,483 254,021 Page 18 continued...

Guildford Shakes eare Com an Trust Limited Notes to the Finantial Statements - continued for the Year Ended 31 December 2024 15. MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows". Incoming resources Resources expended Movement in funds Unrestrirted funds General fund 673,388 1532,3611 141,027 Restricted funds Other Funding { restricted Grants) 43.102 (60,6461 (17,5441 TOTAL FUNDS 716.490 (593,0071 123,483 Restricted Funds: Other Fundin Community Foundation for Surrey. Geoff Herrington Foundation, Poyle Charities Gulldford, Surrey County Council, National Lottery Community Fund, The Arts Council, High Sheriff Youth Awards and the Wrentham Trust have all given grants to support our Charity in 2024. Further information can be seen in the Trustees Annual Report. 16. RELATED PARTY DISCLOSURES There were no related party transattions for the year ended 31 December 2024. Page 19

Inde endent Examiner's Re ort to the Trustees of Guildford Shakes eare Com an Trust Limited Independent examiner'5 report to the trustees of Guildford Shakespeare Company Trust Limited ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024. Responsibilitie5 and basi5 of report As the charity's trustees of the Company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companie5 Act 20061'the 2006 Act'l. 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 your charity's accounts a5 carried out under Section 145 of the Charities Att 2011 I'the 2011 Act'l. In carrying out my examination I have followed the Direttions given by the Charity Commission under Section 14515) {b) of the 2011 Att. Independent examiner'5 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: 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 accountin8 requirements of Section 396 of the 2006 Act other than any requirement that the accounts 8ive a true and fair 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 accordance with the Financial Reporting Standard applicable in the UK and Rapublic of Ireland IFRS 10211. I have no toncerns 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. A J Bennewith FCA, FCPA, FFA, FFf& DChA. FRSA Upper Ground Floor 18 Farnham Road Guildford Surrey GUI 4XA Date.. £oiS Page 20