**Charity number: 1145506** **Company number: 05202714** **(England and Wales)** ## **Marlborough Theatre Productions Ltd** **Report of the Trustees and Unaudited Financial Statements** **For the year ended 31 March 2024** ## **Marlborough Theatre Productions Ltd Contents Page For the year ended 31 March 2024** |Report of the Trustees|1 to 10| |---|---| |Independent Examiner's Report to the Trustees|11| |Statement of Financial Activities|12| |Statement of Financial Position|13| |Statement of Cashflows|14| |Notes to the Financial Statements|15 to 25| ## **Marlborough Theatre Productions Ltd Report of the Trustees For the year ended 31 March 2024** The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2024. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019). 1 of 25 ## **Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024** ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The Charity's objectives are to advance education for the public benefit by the promotion of the arts, but not exclusively the art of drama. Marlborough Theatre Productions Ltd: - develops and presents theatre and performance art - encourages dialogues between artists and communities - produces a programme of audience development activity, with venue partners across the UK that seeks to remove barriers to access, engagement and understanding - employs other cultural forms like heritage and literature to build audience engagement. Marlborough Theatre Productions Ltd Programme comprises interlinked strands of activity. These are: - Community development projects that engage people in creative activities e.g. Radical Rhizomes is our social network for Queer, Trans, lntersex, Black, Indigenous, People of Colour (QTIBIPoC). - Programming key moments in Brighton and Hove's cultural calendar we present a programme of events in partnership with other organisations e.g. Brighton Festival, LGBT History Month and Brighton Pride. - Ongoing cultural programmes: Brighton LGBTIQIA+ History Club and Coast is Queer Festival of LGBTQIA+ Writing - Touring projects: New Queers on the Block, developing artists and audiences for LGBTIQIA+ led performance across the UK. - Touring Marlborough Theatre Productions Ltd produced projects like Brownton Abbey and Prancer the Dancer nationally and internationally. - Artist development including advocacy and advice for local artists and companies. We have developed longer term producing relationships with leading UK performance makers and Associate Artists, Harry Clayton-Wright. Emma Frankland, Subira Joy and Ebony Rose Dark that enhance their career sustainability. In summary, Marlborough Theatre Productions Ltd is working to: - Build new cultural audiences - Enable people of different ages, backgrounds and abilities to develop and realise their own creative ideas - Create opportunities for active engagement with culture, particularly for LGBTIQIA+ people and others for whom there are economic, cultural or other barriers to mainstream arts provision - Raise the level of debate about culture, in particular contemporary theatre and performance practice and develop an awareness of the creative process - Commission artists to create new work that fulfils their creative ambitions - Develop other areas of cultural practice e.g. heritage and film to address issues of representation and increase audience reach of our work - Contribute to the economic and cultural life of Brighton & Hove and the wider region - Support the professional development of artists in the Southeast through the provision of advice and advocacy - Develop partnerships with other organisations, locally and further afield, to enhance what Marlborough Theatre Productions Ltd has to offer 2 of 25 ## **Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024** ## **Statement on public benefit** In shaping our objectives and planning our activities for the year, the Trustees have given consideration to the duties set out in section 17 (5) of the Charities Act 2011 to have due regard to public benefit. The Trustees have considered how the planned activities will contribute to the overall aims and objectives that they have set. The following paragraphs, 'Objectives and Activities' and 'Achievements and Performance', detail the benefits that Marlborough Theatre Productions Ltd provides to the public. 3 of 25 ## **Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024** ## **ACHIEVEMENTS AND PERFORMANCE** ## **Significant activities** In 2023/2024 Marlborough Productions achieved: New Queers on the Block / Blackpool - New Queers on the Block have been working in Blackpool since 2018, and commissioned Local Associate Producer Harry Clayton-Wright to create and present a new queer multi-artform festival - Queer Amusements which programmed 15 events across 6 venues: 1. Iris Prize LGBTQ+ Film Screening at Aunty Social 2. David Wilson Film Director Talk at Aunty Social 3. Travis Alabanza Artist Talk at Aunty Social 4. Kuchnenga Shenjé Author Talk at Aunty Social 5. Alena Ruth Donely Tufting Workshop at Aunty Social 6. Thick & Tight 'Tits & Teeth' Performance at Blackpool Grand Theatre 7. Garth Gratrix Public Art Commission at Grundy Art Gallery 8. Krishna Istha Performance Workshop at The Old Electric for Power Plays and Blackpool Comedy Festival 9. The Bearded Sewist Zine Workshop at Aunty Social 10. Scottee & Harry Clayton-Wright cabaret course 'Fancy A Turn?' at The Old Electric 11. Scottee & Harry Clayton-Wright cabaret course showcase 'Fancy A Turn?' at The Old Electric 12. Scottee 'Chippy Tea' Performance at Aunty Social 13. Titty Kaka Drag Performance Workshop at Aunty Social 14. Drag Pageant at Winter Gardens 15. Jane Claire Bradley Writer in Residence Spoken Word Event at Bootleg Social New Queers on the Block / Bradford - We provided seed commissions alongside Theatre in the Mill for seven artists to develop and present work at their Right Queer Right Now LGBTQ+ Arts Festival: 1. Anas Data's DL to URL 2. Jamal Gerald's Baba Osain 3. Jenn Wilson's Irregular Jenn's Variety Show (Non-Toxic Love Addiction) 4. Rommi Smith's In The Stacks with Audre Lorde & Other Queer Stories 5. Theatre With Legs's Neuroqueer 6. Whiskey Chow's Look Like Myself Enough 7. Usman Ahmed's South Asian Queer Joy - We will be providing a further commission alongside Theatre in the Mill for Jamal Gerald to continue developing the work 4 of 25 ## **Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024** first presented at Right Queer Right Now. We are discussing further commissioning opportunities with Theatre in the Mill. - We commissioned Local Associate Producer Alice Parsons to create and present an LGBTQ+ arts programme stemming from OUT OUT their local drag king development and performance programme. New Queers on the Block / Crawley - We piloted activity in Crawley with new New Queers on the Block partners Creative Crawley and Creative Playground and their Local Associate Producer Vincent Wootton. We co-programmed 3 events across 2 venues and a pop-up location: 1. Fatt Projects' Palaver Party at The Hawth 2. Estabrak Homecoming in the town centre New Queers on the Block / Folkestone - New Queers on the Block have been working in Folkestone since 2018 with partner Creative Folkestone. This year, we commissioned Local Associate Producer Ash McNaughton to create and present a new queer performance art festival - QUEERCALL. - QUEERCALL programmed 16 events across 9 venues and across the town: 1. Screen South's XR Lab Immersive Sound Workshop at Screen South's Digital Hub 2. Jake Wood Artist Talk at Herbert Read Gallery, Canterbury 3. Symoné Artist Talk at Herbert Read Gallery, Canterbury 4. Whiskey Chow Artist Talk at Herbert Read Gallery, Canterbury 5. Screen South's XR Lab Immersive Sound Finalisation Session at Screen South's Digital Hub 6. Screen South's XR Lab Immersive Sound Showcase at Brewery Tap 7. The Anxious Pickle Arcade Quarterhouse Latest Takeover at Quarterhouse 8. The Coast Is Queer Writing Workshop at Fourth Wall 9. Istanbul Queer Art Collective 'Psychic Bibliophiles' Performance at Folkestone Bookshop 10. Joao Caridade's 'Cardide Camera' Installation at D:NA 11. Exhibition featuring artwork from Symoné, Whiskey Chow and Ali Userulu at C:20 12. 7 x Site-Specific performances around Folkestone from artists including Ernst Fischer, HelenDavison, Puer Deorum, Jake Wood, Nathan Walker, Pianka Pärna, and Kelvin Atmadibrata 13. QUEERCALL Triple Bill featuring Katy Baird, Wet Mess and Ray Felix Carter at Quarterhouse 14. Dita Garbo's Dita's Big Queer Brunch at Space Bar & Kitchen 15. Trans Voices's Choir Performance at Brewery Tap 16. Screen South's XR Lab Immersive Sound Showcase at Herbert Read Gallery, Canterbury New Queers on the Block / Hastings New Queers on the Block have been in Hastings since 2018 with partner Home Live Art. This year, we commissioned Local Associate Producer Hannah Fox to create and present a new LGBTQ+ arts festival - Giddy Up! This will see LGBTQ+ 5 of 25 ## **Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024** performance artists develop and present work at volunteer-led venue The Stables in Hastings. Other Programme Highlights - Rhize Up Festival - Radical Rhizomes fortnightly programme. - Coast is Queer: Our festival of LGBTQIA+ writing in Brighton, presented with New Writing South, continues to be highly successful reaching a an audience of 1500 in Oct 2023 - We have developed international collaborations with Pro Helvetia and in Switzerland and Terrapin Puppetry Company in Australia, leading to international touring opportunities and co-commissioned projects. - We have an ongoing commissioning partnership with Unlimited. - Presented Galatea, a large-scale innovative project as part of the Brighton Festival, marking our first production of this scale. 3,000 audience members saw it and received positive feedback. - We continue to support producers through our Producer Gathering programme, offering bursaries and creating a wealth of free resources. - Queer Heritage South: We secured a multi-year heritage grant from the National Lottery Heritage Fund in Dec 2023 to develop a new strategy for LGBTQIA+ Heritage across Brighton & Hove. This project will create a new and inclusive digital archive for the city, future-proofing LGBTQIA+ collecting in Brighton & Hove. - We will work with local communities to develop and deliver this project, present cultural events, and deliver a major exhibition in 2027. - The project also expands our regional consultancy offer, supporting LGBTQIA+ communities across the Southeast to develop their heritage projects. Impact statement We measure the impact of our work through a comprehensive evaluation framework that includes both internal assessments and collaboration with external evaluators. This approach helps ensure that we accurately capture the effectiveness of our programme and the contributions to the communities we serve. We recently received the following feedback from two participants who took part in the DSPRNBW network. They said: "Before attending the DSPRNBW Network weekend, I was thinking about leaving the sector. Having joined this network weekend, I feel galvanized to keep working in the sector. I feel less worried now that I have this space and community support" By gathering data we continually review our progress, using audience, participant and partner feedback, audience engagement metrics and third party evaluations to help us to refine our approach and measure our impact. This supports us to see tangible differences and opportunities for us to better inform our programming decisions, community participation and overall greater cultural impact. In 2023/2024 we have reached 3,424 audiences and engage with 539 participants across our programme of work. ## Online Visitors and Social Media 2021 - 2022 2022 - 2023 2023-2024 Website Visitors 11,152 13,557 9,113 Web Page Views 25,846 26,557 19,145 6 of 25 ## **Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024** Marlborough Theatre Productions Ltd added social media followers across platform, with current figures standing at: |Social Media Channel 2021 - 2022 2022 - 2023|Social Media Channel 2021 - 2022 2022 - 2023|2023-2024| |---|---|---| |Facebook
6,490|6.635|6,559| |Twitter
4,854|4,911|N/A| |Instagram
3,977|4,321|4,634| |Mailchimp Mailing List 2,034|2,200|2,714| ## Investing in Local Artists and Creative Development In 2023-24 Marlborough Theatre Productions Ltd worked with 30+ artists and companies, supporting the development of new work. Marlborough Theatre Productions Ltd continued to champion the value of culture in Brighton & Hove. The organisation regularly contributes to local and national strategy, policy and provision of services through involvement with What Next?, Sussex Fundraisers, Brighton Venues Access Forum and Brighton Fringe. ## Income Generation Marlborough Theatre Productions Ltd received grant funding from Arts Council England as part of their National Portfolio Organisation, Baring Foundation, Brighton LGBTQ+ Switchboard - Community Health Inequalities Programme, British Council, Chalk Cliff Trust, Clore Leadership, Creative Folkestone, Esmée Fairbairn Foundation, Garfield Weston Foundation, Heritage England, National Trust, Paul Hamlyn Foundation, Postcode Lottery, Rainbow Fund, Sussex Community Foundation and TNL Communities Fund. We have confirmed funding from the National Lottery Heritage fund for a four-year large-scale project. Our total fundraised income in 2023/24 was £866,777 ## Priorities and Policies We have begun work to diversify our income streams. Our income is predominantly from Trust and Foundations and major grant givers, but we have invested in fundraising support to develop our Individual Giving campaign and Consultancy offer to diversify our income streams and make us more resilient. We will adopt a new business plan from March 2025. Within this we will revise our fundraising strategy and will be operating in line with the contained in the plan, which is reviewed annually. ## **FINANCIAL REVIEW** ## **Significant events** Our current free reserves position is £23,030 of unrestricted reserves. The level of reserves is monitored by the Trustees at its quarterly meetings and is roughly three months of running costs. We aim to increase this to four months running. The charity uses Metro Bank, Cooperative Bank, Paypal and Pleo Pocket, for its banking purposes. The charity no longer banks with Santander. The accounting year is 31st March. 7 of 25 ## **Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024** ## **Reserves** Plans for future periods In 2024/25 Marlborough Theatre Productions Ltd will adopt a new business plan which will be in place for March 2025. This plan will articulate fundraising strategy, programming plans and the principles behind our approach to audience development. The plan will reflect our continued ambition to increase access to, and understanding and enjoyment of culture. Designed to increase the quality of experience at Marlborough Theatre Productions Ltd for artists, audiences, participants, partners and staff it outlines the strategic partnerships and fundraising strategy required to deliver on the plan. We can confidently plan our ambitious programme of activity for the five years due to achieving NPO status. Major confirmed projects for 24/25 include: - New Queers on the Block festival touring - Brownton Abbey international touring - New work from Tarik Elmoutawkil - Collaborations with Brighton Festival - Queer Heritage South - History Club - Artist Associate Programme - Coast is Queer Festival - Radical Rhizomes - Rhize Up Fest 8 of 25 ## **Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** A Board of Trustees governs Marlborough Theatre Productions Ltd. These volunteers are charity trustees and company members. The minimum number of trustees is three and unless otherwise determined by a General Meeting no more than fifteen. Twelve trustees served in 2023/24. The Board meets at least four times a year, at quarterly intervals. The Annual General Meeting precedes the final board meeting. There is a Board finance sub-committee which meets two weeks before the board meeting each quarter. Working groups of trustees and staff (and third parties where helpful) are convened to support specific projects, which are in line with Arts Council NPO invest principles. These are: Ambition & Quality, Dynamism, Environmental Responsibility and Inclusivity & Relevance. Individual trustees undertake tasks in support of the staff team when required, notably recruitment, meetings with partners and funders and advising on matters that fall within their area of expertise, (e.g. finance, fundraising and community development). In 2023/24 the Trustees were: Daniel Kok (Co-Chair) Tom Emery N Alex Roxon (Joined February 2024) Beth O'Leary Heather Getty Prof. Kate O'Riordan Kaya Stanley Money Mathilda Gregory (resigned January 2024) Dr Topher Campbell Tom Emery Ray Young Richard Daniel Hewitt Yassine Senghor Richard Barnes The composition, development and capacity of the Board are regularly reviewed. Potential trustees are recruited either by advertisement or word of mouth and are selected based on their experience of life (personal and professional), skill and capacity. At least one trustee and one of the Executive team interviews candidates before attending a Board meeting as an observer. If both parties agree to proceed, the trustee is elected at the next Board meeting they can attend. New trustees can be elected at any point in the year and are confirmed in office at the Annual General Meeting (AGM). New trustees receive an induction pack, which provides a comprehensive introduction to the organisation and sets out their responsibilities. ## Risk Management and safeguarding Marlborough Theatre Productions Ltd has a risk management policy and practice which helps us to anticipate risks to the organisation, assess their likely impact and plan how to reduce them and manage them. The Executive Team reviews the risk register monthly and by the Trustees in the Quarterly board meetings. Marlborough Theatre Productions Ltd has a Safeguarding Policy which is reviewed on a yearly basis (last reviewed July 2024). ## Staffing We have expanded our core team by recruiting an Executive Director (Sofia Stephanou), General Manager (Christopher Roskelly), and Heritage Programme Manager (Roni Guetta). We are delighted with how our new team is helping to achieve our mission in a way that feels more sustainable and resilient. Creative Directors Tarik Elmoutawakil and David Sheppeard, and Executive Director, Sofia Stephanou leads Marlborough Theatre Productions Ltd. All are full time salaried staff members. Tarik and David are jointly responsible for artistic programme, project development, participation and audience development. Sofia takes a lead on operations and HR. Collectively are responsible for finance and fundraising. In addition to the Executive Team, the staff team is made up of: General Manager (full time and in place from January 2024) 9 of 25 ## **Marlborough Theatre Productions Ltd Report of the Trustees Continued** ## **For the year ended 31 March 2024** Programme Producer (part time) Programme Producer (part time in place from May 2024) Heritage Programme Manager (full time) Marketing and Audience Development Manager (part time) The team expands with freelance subcontractors covering producing, fundraising, admin support, technical support, Front of House duties and repairs and maintenance tasks when required. Our regular freelancers for 23-24 are as follows: Programme Producer (part time until May 2024) Producer Gathering Producer (part time - until April 2025) Radical Rhizomes Programme Manager (part-time, ongoing funding dependent) Fundraiser (part time until December 2024) Volunteers Beyond the trustees Marlborough Theatre Productions Ltd work with volunteers was limited in 23-24. We intend to investigate more fully the role of volunteers in our events in the future and have developed a robust volunteer policy with our board of trustees to support this. ## Partnership - Funded partnerships: At a local level Marlborough Theatre Productions Ltd retained and developed partnerships with University of Sussex, New Writing South, South East Dance, Brighton Dome and Festival, Brighton & Hove Council, Charleston and Brighton Museum & Art Gallery. - DSPRNBW is a network set up to support shared best practice for UK and Ireland based QTIPOC community leaders supported by Marlborough Productions. We are due to have our first meeting in April 2024 and partnered with Kiki, Glitter Cymru, BLKOUT, BlackExperienceuk Glitter Cymru, Rainbow Noir, House of Spice, African Rainbow Family, BlackBoyJoy Club alongside our Radical Rhizomes programme. - Nationally, Marlborough Theatre Productions Ltd works with a range of partners to deliver projects and programmes such as New Queers on the Block, Brownton Abbey and Producer Gathering. Partners include University College London, University of Roehampton, Southbank Centre, Glastonbury Festival, Brighton Dome, Derby Theatre, Edinburgh Fringe Festival, Bradford Producing Hub, China Plate, Creative Crawley (Crawley), Theatre in the Mill (Bradford), LeftCoast (Blackpool), Creative Folkestone, (Folkestone), Home Live Art (Hastings), Unlimited (national), and our international partners ANTI-FESTIVAL in Finland. - We successfully commissioned five LGBTQIA+ artists in our five partner locations: Bradford, Blackpool, Folkestone, Hastings, and Brighton. This has provided vital support for their development and enriched the cultural landscape in these areas. - We collaborated with five local associate producers who secured additional funding from Arts Council England Proje ct Grants upwards of £120k+ at time of writing. This collaboration enhanced their skills through training in fundraising and marketing, contributing to a sustainable arts infrastructure by helping them develop festival programmes. ## **REFERENCE AND ADMINISTRATIVE INFORMATION** **Name of Charity** Marlborough Theatre Productions Ltd **Charity registration number** 1145506 **Company registration number** 05202714 **Principal address** The Spire St Marks Chapel Church Place Brighton BN2 5JN 10 of 25 **Marlborough Theatre Productions Ltd Report of the Trustees Continued For the year ended 31 March 2024** ## **Trustees** The trustees and officers serving during the year and since the year end were as follows: Prof Kathleen O'Riordan Yassine Senghor Ms Kaya Stanley-Money Beth O'Leary Mathilda Gregory (Resigned: 31 January 2024) Topher Campbell Tom Emery Ray Young Heather Getty Daniel Joseph Kok N Alex Roxon (Appointed: 01 February 2024) Richard Daniel Hewitt Richard Barnes ## **Secretary** ## **Independent examiner** David Sheppeard Caroline Clarke ACA 66 High Street Lewes East Sussex BN7 1XG Approved by the Board of Trustees and signed on its behalf by ............................................................................. 9/1/2025 11 of 25 ## **Marlborough Theatre Productions Ltd Independent Examiners Report to the Trustees For the year ended 31 March 2024** I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the charity Trustees, who are also directors for the purposes of company law, 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 your charity'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 examiners statement** Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. 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 that in any material respect: 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 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. Caroline Clarke ACA 66 High Street Lewes East Sussex 16/1/2025 BN7 1XG 12 of 25 ## **Marlborough Theatre Productions Ltd** ## **Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2024** ||**Notes**|**Unrestricted**|**Restricted**|**2024**|**2023**| |---|---|---|---|---|---| |||**funds**|**funds**||| |||**£**|**£**|**£**|**£**| |**Income and endowments from:**|||||| |Donations and legacies|2|718,359|74,494|792,853|333,911| |Charitable activities|3|156,509|-|156,509|97,473| |Investments|4|355|-|355|11| |**Total**||**875,223**|**74,494**|**949,717**|**431,395**| |**Expenditure on:**|||||| |Charitable activities|5/6|(772,092)|(162,308)|(934,400)|(602,366)| |**Total**||**(772,092)**|**(162,308)**|**(934,400)**|**(602,366)**| |**Transfers between funds**||(1,000)|1,000|-|-| |**Net movement in funds**||**102,131**|**(86,814)**|**15,317**|**(170,971)**| |**Reconciliation of funds**|||||| |Total funds brought forward||45,385|198,149|243,534|414,505| |**Total funds carried forward**||**147,516**|**111,335**|**258,851**|**243,534**| 13 of 25 05202714 Registered Number : ## **Marlborough Theatre Productions Ltd Statement of Financial Position As at 31 March 2024** ||**Notes**|**2024**|**2023**| |---|---|---|---| |||**£**|**£**| |**Fixed assets**|||| |Tangible assets|12|4,877|1,111| |||**4,877**|**1,111**| |**Current assets**|||| |Debtors|13|22,822|6,764| |Cash at bank and in hand||339,666|446,585| |||**362,488**|**453,349**| |**Creditors: amounts falling due within one year**|14|(108,514)|(210,926)| |**Net current assets**||**253,974**|**242,423**| |**Total assets less current liabilities**||**258,851**|**243,534**| |**Net assets**||**258,851**|**243,534**| |**The funds of the charity**|||| |Restricted income funds|15|111,335|198,149| |Unrestricted income funds|15|147,516|45,385| |**Total funds**||**258,851**|**243,534**| For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. - The members have not required the company to obtain an audit of its accounts for the year in question in accordance - with section 476, - The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting - records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime. The financial statements were approved and authorised for issue by the Board and signed on its behalf by: Trustee 9/1/25 14 of 25 ## **Marlborough Theatre Productions Ltd** ## **Cashflow Statement For the period ended 31 March 2024** |**Cash flow from operating activities**
Cash generated from operations
Dividends, interest and rent from investments
Purchase of tangible assets
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
**Cash generated from operations**
Net movement in funds
Adjustments for:
Depreciation and amortisation of fixed assets
Dividends, interest and rent from investments
Movement in working capital
(Increase)/decrease in debtors
Increase/(Decrease) in creditors
**Cash generated from operations**|(100,642)
-
(6,277)
(6,277)
(106,919)
446,585
339,666
15,317
2,511
-
(16,058)
(102,412)
(100,642)
**2024**|31,146
-
-
-
-
31,146
415,439
446,585
(170,971)
556
-
1,229
200,332
31,146
**2023**| |---|---|---| Page 15 of 26 ## **Marlborough Theatre Productions Ltd Notes to the Financial Statements For the year ended 31 March 2024** ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006. Marlborough Theatre Productions Ltd 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 note(s). ## **Going concern** The financial statements are prepared, on a going concern basis, under the historical cost convention. ## **Funds** The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment. Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes. Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them. There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above ## **Incoming resources** All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. Grants are treated as deferred where they are given to specifically cover production costs arising in a future period. ## **Resources expended** Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure. ## **Taxation** As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities. ## **Tangible fixed assets** Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Computer equipment 25% Straight line ## **Irrecoverable VAT** Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it relates. 16 of 25 ## **Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024** ## **2. Income from donations and legacies** ||**Unrestricted**|**Restricted**|**2024**|**2023**| |---|---|---|---|---| ||**funds**|**funds**||| ||**£**|**£**|**£**|**£**| |Donations received|443|-|443|9,822| |Grants received|715,284|74,494|789,778|324,089| |Sponsorships received|2,632|-|2,632|-| ||**718,359**|**74,494**|**792,853**|**333,911**| ## **Analysis of grants received** |Arts Council England
Baring Foundation
Brighton LGBTQ+ Switchboard - Community Health Inequalities Prog
British Council
Chalk Cliff Trust
Clore Leadership
Creative Folkestone
Esmée Fairbairn Foundation
Garfield Weston Foundation
Heritage England
National Trust
Other Grants
Paul Hamlyn Foundation
Postcode Lottery
Rainbow Fund
Sussex Community Foundation
TNL Community Fund
**3. Income from charitable activities**
**Unrestricted funds**
_Theatrical productions_
Income from charitable
activities|**2024**
**£**
675,121
-
5,000
-
5,000
1,000
5,000
67,600
-
12,750
4,876
476
-
-
9,954
3,000
-
**789,777**
**2024**
**£**
156,509|**2023**
**£**
77,325
1,600
-
11,000
-
9,000
-
72,000
15,000
-
-
18,679
88,000
21,945
-
-
9,540| |---|---|---| |||**324,089**| |||**2023**
**£**
97,473| 17 of 25 ## **Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024** ## **4. Investment income** |**Unrestricted funds**
Bank interest receivable|**2024**
**£**
355
**355**|**2023**
**£**
11| |---|---|---| |||**11**| ## **5. Costs of charitable activities by fund type** |**osts of charitable activities by fund type**||||| |---|---|---|---|---| ||**Unrestricted**|**Restricted**|**2024**|**2023**| ||**funds**|**funds**||| ||**£**|**£**|**£**|**£**| |Theatrical productions|666,977|162,308|829,285|506,489| |Support costs|105,115|-|105,115|95,877| ||**772,092**|**162,308**|**934,400**|**602,366**| |**osts of charitable activities by activity type**||||| ||**Activities**|**Support**|**2024**|**2023**| ||**undertaken**|**costs**||| ||**directly**|||| ||**£**|**£**|**£**|**£**| |**Support costs**||||| |Theatrical productions|829,285|105,115|934,400|602,366| |**nalysis of support costs**||||| ||||**2024**|**2023**| ||||**£**|**£**| |**Theatrical productions**||||| |Management|||92,837|85,552| |Finance|||496|136| |IT|||7,571|3,720| |Office costs|||2,511|5,269| |Governance costs|||1,700|1,200| ||||**105,115**|**95,877**| ## **6. Costs of charitable activities by activity type** ## **7. Analysis of support costs** 18 of 25 ## **Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued** ## **For the year ended 31 March 2024** ## **8. Net income/(expenditure) for the year** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |Depreciation of owned fixed assets|2,511|556| |Accountancy fees|1,700|1,200| |Staff pension contributions|3,941|3,233| ## **9. Staff costs and emoluments** Total staff costs for the year ended 31 March 2024 were: |Salaries and wages
Social security costs
Pension costs
Management|**2024**
**£**
125,120
7,239
3,941
**136,300**
**2024**
5
**5**|**2023**
**£**
107,914
5,061
3,233| |---|---|---| |||**116,208**| |||**2023**
4| |||**4**| The total employee benefits including pension contributions of the key management personnel were £67,673. No employees received remuneration in excess of £60,000 in the year (2023: £nil). ## **10. Trustee remuneration and related party transactions** The charity trustees were not paid or received any other benefits from employment with the charity in the year (2023:£nil). No charity trustee received payment for professional or other services supplied to the charity (2023:£nil). The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2023:£nil). Trustees' expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2023:£nil). There are no related party transactions to disclose for 2024 (2023:none). 19 of 25 ## **Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024** ## **11. Comparative for the Statement of Financial Activities** ||**Unrestricted**|**Restricted**|**2023**| |---|---|---|---| ||**funds**|**funds**|| ||**£**|**£**|**£**| |**Income and endowments from:**|||| |Donations and legacies|19,362|314,549|333,911| |Charitable activities|-|97,473|97,473| |Investments|-|11|11| |**Total**|**19,362**|**412,033**|**431,395**| |**Expenditure on:**|||| |Charitable activities|(1,756)|(600,610)|(602,366)| |**Total**|**(1,756)**|**(600,610)**|**(602,366)**| |**Transfers between funds**|(10,207)|10,207|-| |**Net movement in funds**|**7,399**|**(178,370)**|**(170,971)**| |**Reconciliation of funds**|||| |Total funds brought forward|37,986|376,519|414,505| |**Total funds carried forward**|**45,385**|**198,149**|**243,534**| ## **12. Tangible fixed assets** ||**Plant and**|**Computer**|| |---|---|---|---| |**Cost or valuation**|**machinery**|**equipment**|**Total**| ||**£**|**£**|**£**| |At 01 April 2023|2,223|-|2,223| |Additions|-|6,277|6,277| |At 31 March 2024|**2,223**|**6,277**|**8,500**| |**Depreciation**|||| |At 01 April 2023|1,112|-|1,112| |Charge for year|419|2,092|2,511| |At 31 March 2024|**1,531**|**2,092**|**3,623**| |**Net book values**|||| |At 31 March 2024|**692**|**4,185**|**4,877**| |At 31 March 2023|**1,111**|**-**|**1,111**| 20 of 25 ## **Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024** ## **13. Debtors** |**Debtors**||| |---|---|---| ||**2024**|**2023**| ||**£**|**£**| |**Amounts due within one year:**||| |Trade debtors|16,071|6,764| |Prepayments and accrued income|3,748|-| |Other debtors|3,003|-| ||**22,822**|**6,764**| ## **14. Creditors: amounts falling due within one year** |**Creditors: amounts falling due within one year**||| |---|---|---| |Trade creditors
Other creditors
Accruals and deferred income|**2024**
**£**
26,421
2,313
79,780
**108,514**|**2023**
**£**
79,791
55,055
76,080| |||**210,926**| ## **15. Movement in funds** ## **Unrestricted Funds** |**Unrestricted Funds**|||||| |---|---|---|---|---|---| ||**Balance at**|**Incoming**|**Outgoing**|**Transfers**|**Balance at**| ||**01/04/2023**|**resources**|**resources**||**31/03/2024**| ||**£**|**£**|**£**|**£**|**£**| |_Designated_|||||| |Designated Project|-|-|-|78,754|78,754| |Spend|||||| |Designated Reserve|1,111|-|-|96,889|98,000| |Allocation|||||| |_General_|||||| |General|44,274|875,223|(772,092)|(176,643)|(29,238)| ||**45,385**|**875,223**|**(772,092)**|**(1,000)**|**147,516**| 21 of 25 ## **Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024** ## **Unrestricted Funds - Previous year** ||**Balance at**|**Incoming**|**Outgoing**|**Transfers**|**Balance at**| |---|---|---|---|---|---| ||**01/04/2022**|**resources**|**resources**||**31/03/2023**| ||**£**|**£**|**£**|**£**|**£**| |_Designated_|||||| |Designated Reserve|21,986|-|(556)|(20,319)|1,111| |Allocation|||||| |_General_|||||| |General|16,000|19,362|(1,200)|10,112|44,274| ||**37,986**|**19,362**|**(1,756)**|**(10,207)**|**45,385**| ## **Purpose of unrestricted Funds** Designated Project Spend Designated to creative projects as agreed with the trustees. Designated Reserve Allocation Designated to Reserves as agreed with the trustees General Maintained for the general running of the charity. ## **Restricted Funds** ||**Balance at**|**Incoming**|**Outgoing**|**Transfers**|**Balance at**| |---|---|---|---|---|---| ||**01/04/2023**|**resources**|**resources**||**31/03/2024**| ||**£**|**£**|**£**|**£**|**£**| |ACE|79,018|33,437|(55,338)|-|57,117| |Baring Foundation|22,810|-|(18,833)|-|3,977| |British Council|-|-|-|6,000|6,000| |Esmee Fairbairn|25,260|-|(25,260)|-|-| |Foundation|||||| |Heritage Fund|-|12,750|(5,000)|-|7,750| |Paul Hamlyn|41,816|-|(41,816)|-|-| |Foundation|||||| |Postcode Lottery|19,245|-|(16,061)|-|3,184| |Small Grants|10,000|25,307|-|(5,000)|30,307| |Sussex Community|-|3,000|-|-|3,000| |Fund|||||| ||**198,149**|**74,494**|**(162,308)**|**1,000**|**111,335**| 22 of 25 ## **Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024** ## **Restricted Funds - Previous year** |ACE
Baring Foundation
Esmee Fairbairn
Foundation
Paul Hamlyn
Foundation
Postcode Lottery
Project fund
Small Grants|**Balance at**
**01/04/2022**
**£**
5,214
40,000
-
84,090
-
247,215
-
**376,519**|**Incoming**
**resources**
**£**
78,372
1,600
60,000
80,000
21,945
152,484
17,632
**412,033**|**Outgoing**
**resources**
**£**
(4,568)
(18,790)
(34,740)
(122,274)
(2,700)
(409,906)
(7,632)
**(600,610)**|**Transfers**
**£**
-
-
-
-
-
10,207
-
**10,207**|**Balance at**
**31/03/2023**
**£**
79,018
22,810
25,260
41,816
19,245
-
10,000| |---|---|---|---|---|---| ||||||**198,149**| 23 of 25 **Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024** ## **Purpose of restricted funds** Project fund Holds funds given to support specific productions. ACE Funds for delivering creative programmes. Paul Hamlyn Foundation Funds for delivering creative programmes. Baring Foundation Funds for delivering creative programmes. Esmee Fairbairn Foundation Funds for core spend and touring projects. Postcode Lottery Funds for project working. Small Grants Funds for project working. Heritage Fund Funds for delivering creative programmes. Sussex Community Fund Funds for delivering creative programmes. British Council Funds for delivering creative programmes. 24 of 25 ## **Marlborough Theatre Productions Ltd Notes to the Financial Statements Continued For the year ended 31 March 2024** ## **16. Analysis of net assets between funds** |**Unrestricted funds**
_General_
General
_Designated_
Designated Project Spend
Designated Reserve
Allocation
**Restricted funds**
ACE
Baring Foundation
British Council
Heritage Fund
Postcode Lottery
Small Grants
Sussex Community Fund
**Previous year**
**Unrestricted funds**
_General_
General
_Designated_
Designated Reserve
Allocation
**Restricted funds**
ACE
Baring Foundation
Esmee Fairbairn
Foundation
Paul Hamlyn Foundation
Postcode Lottery
Small Grants|**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
-
(29,238)
(29,238)
-
78,754
78,754
4,877
93,123
98,000
-
57,117
57,117
-
3,977
3,977
-
6,000
6,000
-
7,750
7,750
-
3,184
3,184
-
30,307
30,307
-
3,000
3,000| |---|---| ||**4,877**
**253,974**
**258,851**| ||**Tangible**
**fixed assets**
**Net current**
**assets /**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
-
44,315
44,315
1,111
-
1,111
-
79,017
79,017
-
22,810
22,810
-
25,250
25,250
-
41,786
41,786
-
19,245
19,245
-
10,000
10,000| ||**1,111**
**242,423**
**243,534**| 25 of 25