REGisf£RED COMPANY NUMBER: 07450494 (England and Wales)
REGISTERED CHARITY NUMBER: 1146834
REPORT OF THE TRUSTEES AND
UNAUDITED FINANaAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SHANKUN THEATRE AND COMMUNITY TRusr
Bright Brown knmited
Chartered Accountsnts
Exchange House
St. Cross Lane
Newport
Isle of Wight
P030 5BZ

SHANKLIN THEATRE AND COMMUNITY TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Report of the Trustees
Independent Examinees Report
Statement of Financial Activities
Balance Sheet
Notes to the Flnancial Statements
10 to 17
Detailed Statement of Financial Activitses
18 to 19

SHANKLIN THEATRE AND COMMUN￿ TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purpose5 of the Companies Act 2006, present their report with
the financial ststements of the charity for the year ended 31 March 2025. The trustee5 have adopted the provisions of
Accounting and Reporting by Charities.. Statement of Recommended Prartice applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FR5 1021
leffettive l January 20191.
OBJEcnvES AND ACTIVITIES
Objectives and aims
Shanklin Theatre and Community Trust (the Trust) is a Company Limrted by Guarantee and a Registered Charity- The Trust
own5 the freehold to Shanklin Theatre and Shanklin Performing Arts Centre. and is responsible for the preservation of
Shanklin Theatre and the development of Shanklin Perfomiing Arts Centre. The Trust has three subsidiary bodies. Shanklin
Theatre Limited (the Theatre), the Friends of Shanklin Theatre (FOSn and Shanklin Performing Art5 CIC. Shanklin Theatre
Limited operates the Theatre on a day-ttrday basis. and puts on a full programme of both professional shows and
community productions; FOST facilitates member5 of the community enEaging with the Theatre, and its team of
volunteers allows the Theatre to operate as a viable entity. The Trust has overall responsibility for the fabric of 5hanklin
Theatre, although a substantial amount of the maintenance and improvement work is carried out by appropriately skilled
FOST volunteers.
Review of activtties
Development and Future Plans for the Shanklin Perforniing Arts Centre
The Trust. in addition to its management of the Theatre. owns the former Shanklin Library building. now operating as the
Sh8nklin Performing Arts Centre. This facility is managed by Shanklin Performing Arts Centre CIC, a Community Interest
Company dedicated to supporting the arts locally.
The Trust had articulated clear ambitions for the continued enhancement of the Centre. These plans will create a small
studio theatre within the building, which will accommodate up to 106 audience member5. As part of this initiative, the
proposed development will also include the installation of dedicated changing rooms and the creation of a foyer bar.
These improvements are designed to ershance the experience for both perforniers and patrons, providing enhanced
facilities and amenities to 5UPPOrt the Centre's activities.
In addition to the studio theatre, the Trust's development strategy encompasses the creation of dance studios and
rehearsal spaces. These new facilities are intended to meet the needs of local arts groups and educational organisatior)s,
offering versatile spaces for practising and performing. Furthermore. the building will feature an area suitable for housing
the Shanklin Museum. This addition will expand the Centre's cultural reach that will support local heritage initiative5 and
offering the community a broader range of cultural and educational opportunities.
Planning Permission and Regulatory Cornpliance
The Trust submitted a detailed planning application to the Local Planning Authority and, following an extensive
consultation and review process. received approval in May 2024. This milestone marks the culmination of nearly two and a
half years of dedicated effort. involving close collaboration with Isle of Wight Council planning officers. the Trust's
appointed architert, local residents. and relevant industry bodies. The engagement process was essential to ensure the
proposed developments aligned with both statutory requirements and communty expertations.
Page I

SHANKUN THEATRE AND COMMUNITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
oBJE￿IVEs AND ACTIVITIES
As is standard with such approvals. the planning consent is subject to a range of conditions, each designed to ensure
compliance with Section 91 of the Town and Country Planning Act 1990. These conditions include the requirement for
additional bat emergence and re-entry surveys to protect local wildlife, the development of comprehensive plans for foul
water and Surface water disposal. and the implementation of an extemal lighting scheme. The lighting plan aim5 not only
to provide 3 safe and secure environment for all users but also to help deter opportunities for crime. These and other
important conditions have been accepted by the Trust as part of its commitment to responsible development and
stewardship of the site.
Arts Council England- Creative Foundations Funding Application Outcome
Following the submi55ion of our expression of interest and a comprehensive application in early AugLtst 2024 for the
Creative Foundations Funding, which aimed to support the development of the existing Shanklin Performing Arts Centre,
the Trust received notification in late August regarding the outcome of the bid. Unfortunately. on this occasion. the
application was not successful in receiving a portion of the £85 million fund allocated to a5SlSt theatres, galleries, and arts
centres across England in restorin8 buildings requiring repair.
This result was understandably disappointing for all the Trustees involved. A significant amount of effort had been
invested, not only in preparing the fijnding application itself but also in securing the initial full planning application
consent from the local authority- The outcome reflects the competitrve nature of the funding process and the high level of
commitment demonstrated by everyone who corTrtributed to the project thus far.
Arts Council Capttal Funding Application Context
The process of applying for capital funding from Arts Council England proved to be exceptionalty challenging this year. The
fund wa5 reported to be almost I,OLXJ% oversubscribed. highlighting the intense competition among theatres, galleries,
and arts centres seeking financial SUPFKJrt for building repairs and development. This oversubscription meant that only a
limited number of applications could be considered. raising the bar significantly for all applicants.
In addition to the competitive nature of the fund. the application process stipulated a very stringent requirement-
organisations were only permitted to submit a bid if they had achieved RIBA stage 3. This Stage necessitates full planning
or listed building consent, demonstrating that the projert is ready to proceed from an architettural and regL¢latory
standpoint. Meeting this threshold required substanti31 preliminary work and commitment from the trust. underscoring
the complexity of the process and the high standards set by the Arts Council.
Engagement with Funding Providers
In response to the latest update from Arts Council England. in September 2025. two Trustees attended the 'Meet the
Funders, event at the Riverside Centre in Newport. This gathering was an invaluable opportunity, bringing together a
diverse range of funding organisations, including both local grant-makers and national bodies. These providers offered
practical guidance and direct support to those seeking to make a positive impact on the Isle of Wight.
The event was specifically organised for communtty groups and chartties operating across the Island. such as the Trust. Its
purpose was to facilitste access to funding opportunitie5 and to strengthen local initiatives. The Isle of Wight Council's
Family and Community Team, together with CommunÈty Action 151e of Wight, coordinated the event to support both newly
established grassroots organi5ations and well-established charities in navigating the often-complex funding landscape.
Page 2

SHANKLIN THEATRE AND COMMUNITY TRusr
REPORT OF THE TrUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
OBJEcfivES AND ACTIVITIES
Durin8 the 'Meet the Funders, event, the Trustees had a particularly encouraging conversation with one of the Arts
Couftcil'5 area directors. This individual has been actively following our progre55 concerning the proposed development of
the Arts Centre. Their continued interest in our project, combined with their support, offers a positive outlook for the
Trust as we move forward. This engagement reinforces the determination to advance the Trust plan5 and pursue future
grant funding to support the development of the Perfomiing Arts Centre.
The Trust is in the process of arranging an on-site visit from the Arts Council Director to review the current Arts Centre and
to meet at Shanklin Theatre. The visit will provide an opportunity to discu55 the remarkable progress achieved since the
Shanklin Theatre venue was taken over by dedicated volunteers and staff in 2008.
Premises Alcohol Licen
In September 2025, the trust successfully secured a new Premises Alcohol Ltcence for the Arts Centre. This granted licence
now authorises the on-site sale of alcohol, allowing the Arts Centre greater flexibility in supporting events and activities at
the venue. However, the trust will exercise cafeful discretion. restrictin8 alcohol sales to selerted activities only* in line
with our commitment to responsible management.
In accordance with guidance provided by the senior licensing officer and Hampshire Constabulary, the Trust has enhanced
the internal monitoring procedures by installing an additional CCTV camera. This measure is intended to oversee the sale
of alcohol and other licensable activities. ensuring compliance with licensing condttions and safeguarding all attendees
and staff.
Health and Safety Management
The Trust remains committed to maintsining the highest Standards of health and safety throughout its operation5. To this
end, the Health and Safety Manual is subject to ongoing review and regular updates. ensuring that all working practices
and guidelines reflert current requirements and best practice.
In addition to the continual review of documentstion. the Trust ensures that all fixed electrical equipment and the mains
wiring within the Theatre are routinety insperted. Each inspertion is carried out by qualtfi'ed professionals, and all
installations are covered by the relevant safety certificate5. thereby upholding compliance and safeguarding everyone who
uses the premises.
The Theatre is also fully protected by comprehensive insurance policies, which provide cover for the buildings themselves,
as we51 as employee and volunteer liability, and public liability. This robust approach to risk management underlines the
Trust's dedication to the well-being of staff, volunteers, visitors, and the general public.
Sustaining Shanklin Theatre: Financial Model and Operational Approath- Financial Sustainability and External Funding
The operation of Shanklin Theatre Ltd is distinct from many other regional theatres and major metropolitan venues, which
commonly rely on substantial grants from the Arts Council and their Local Authorities to remain financially viable. In
contrast. Shanklin Theatre and the Trust have not received grant funding from these bodies for the past sixteen years,
except for funding provided in response to the Covid-19 pandemic. Despite this lack of extem31 financial support prior to
the pandemic, the Theatre consistently achieved a positNe financial contribution before depreciation every year since its
incorporation. This success reflects a robust commercial strategy focused on responding to market demand and
m3intaining careful control over expenditure and cash flow.
Page 3

SHANKLIN THEATRE AND COMMUNITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND AcfiviTIES
Operational Model and Stsffing
Shanklin Theatre's financial health is further reinforced by its stsffing model. which balance5 Cost-effectiveness with high
standards of professionalism. Stsff costs are managed by engaging a substantial team of volunteers, while ensuring quality
through extensive volunteer training and a core group of skilled employees. The salaried staff members deliver technical
expertise in area5 such as sound, lighting. and stage management. In addition. professional management oversees
essential functions, including booking5, box office operations. operating systems. financial control, and volunteer
coordination. The Theatre employs five salaried staff and benefits from the regular support of around 130 volunteers.
Public Benefrt and Alignment with Trust Objertives
Every activity undertaken by the Trurt is designed to generate tsngible benefits for the community- The Trust's initiatives
are carefully tailored to 5UPPOrt its overarching objectives and ensure that the wider public. as well as residents of
Shanklin and the Isle of Wight. enjoy positive outcomes.
Through its work, the Trust strives to maintain and protect important local heritage assets, with a special emphasis on
Shanklin Theatre. This commitment not only conserves the architerturdl and historical significance of the Theatre but a150
safeguards all buildings and artefacts that contribute to the unique character of the area. By doing so. the Trust ensures
that both current and future generation5 may appreciate and benefit from these cultural and historical treasures.
The Trustees have complied with their duty to have due regard to the Charty Commission's public benefit guidance when
exercising any powers or duties to which the guidance 15 relevant.
FINANCIAL REVIEW
Financial position
Total income for the year amounted to £74,920 12024 £211.570). The totsl cost of charitsble activities amounted to
£68,925 12024 £134,265). The net surplus for the year amounted to £5.995 12024 £77,305). Unrestricted funds and
restricted funds carried forward at the end of the year amounted to £613.094 and £32.390 respertively 12024 - £608,881
and £30,608).
Unrestrlrted fund5
At the end of the year, £431.778 (2024 - £422,003} was designated to the fixed assets fund and £l,01012024 - £1,010) was
designated to the window appeal fund. The remaining balance of £180.29612024- £185,868> is held as free reserves.
Reserve5 poli
The Charity's policy is to hold a5 3 minimum the equivalent of 12 months operating costs in free reserves for uncertainties
in future income and provide a contingency for unforeseen costs. When considering reserves it is important to appreciate
that the level of free operating reserves are lower due to amounts held in fixed assets.
STRUCTURE, GOVERNANCE AND MANAGEMENr
Governing document
Shanklin Theatre and Community Trust is a charitable company limited by guarantee. incorporated on 24 November 2010
and registered as a charity Ino. 11468341 on 11 April 2012. The company was established under a Memorandum of
Association which sets out the objects and powers of the charitable company and is governed under its Articles of
Association.
Recruitment and appointment of new trustees
The governing body of the charity is the board of trustees and they are appointed in accordance with the Articles of
Association.
Page 4

SHANKLIN THEATRE AND COMMUNITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 202S
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07450494 (England and Wales)
Registered Charity number
1146834
Registered office
Steephill Road
Shanklin
Isle of Wight
P037 6AJ
Trustees
CWQuirk
A C Wood (deceased 3.10.20241
S J Beston
M T F Beston
C D Harvey
T S Harvey
M Dawson
S Mclntosh (resigned 17.10.2024}
D P Beeson
Independent Examiner
Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
P030 5BZ
Approved by order of the board of trustees on .....
. and signed on its behalf by-
C W Quirk-Trustee
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
SHANKLIN THEATRE AND COMMUNITI TRUST
Independent examiner'5 report to the trustees of Shanklin Theatre and Community Trust ('the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
RespDn55bilities and basi5 of report
As the charity's trustees of the Company (and also its director5 for the purposes of company lawl you are responsible for
the preparation of the accounts in accordance with the requirements of the Companies 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 respert of my examination of your charity'5 accounts as carried
out ¢Jnder Section 145 of the Charities Act 2011 I'the 2011 Art'l. In carryin8 out my examination I have followed the
Directions given by the Charity Commission under Section 145151 (bl of the 2011 Art.
Independent examiner's statement
I have completed my examination. I confirni that no matters have come to my attention in connection with the
examination giving me cause to believe=
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
the accounts do not accord with those records- or
the accounts do not comply with the accounting requirements of Section 396 of the 2tYJ6 Art 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
the accounts have not been prepared in accordance wrth 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 the UK and Republic of Ireland IFRS 10211.
I have no concerns and have come across no other matters in connection wtth the examination to which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.
J Palmer
The Institute of Chartered Accountants in England and Wales
Bright Brown Limited
Chartered Accountants
Newport
Isle of Wight
Date:.......
Page 6

SHANKLIN THEATRE AND COMMVNITYTRUST
STATEMENT OF FINANCIAL ACTivmES
(INCORPORATING AN INCOME AND EXPENDtruRE ACCOUNTI
KIR THE YEAR ENDED 31 MARCH 2025
2025
Total
nds
2024
Total
fLrnds
Unrestricted
fund5
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
1.043
1.043
144,945
Charitsble artivities
Preservation of Shanklin Theatre building
2.506
42.271
44,777
42.328
Investment income
29.1(K)
29,100
24,297
Total
32.649
42,271
74,920
211,570
EXPENDITURE ON
Charitable activitie5
Preservation of Shanklin Theatre building
Development of Shanklin Performing Arts Centre
21.314
7,122
40.489
61,803
7,122
85,486
48,779
Total
28,436
40,489
68.925
134,265
NET INCOME
4.213
1,782
5,995
77,305
RECONCILIATION OF FUNDS
Total funds brought forward
Ed)8.881
30,608
639,489
562,184
TOTAL FUNDS CARRIED FORWARD
613.094
32,390
645,484
639,489
The notes form part of these financial statements
Page 7

SHANKUN THEATRE AND COMMUNITY TRUST
BALANCE SHEET
31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
fund5
Restricted
funds
Notes
FIXED ASSErs
Tangible assets
Investments
501.784
501,784
502,000
501.787
501,787
502,003
CURRENT ASSErs
Cash at bank and in hand
182,717
32.39)
215,107
218,446
CREDITORS
Amounts falling due within one year
(11,4101
111,4101
110,9601
NET CURRENT ASSETS
171,307
32,3
203,697
207.486
TOTAL ASSETS LESS CURREHf LIABILrriES
673.094
32.390
705,484
709,489
CREDITORS
Amounts falling due after more than one year
io
{60,0001
{60.CWI
170.OIX)}
NET ASSErs
613,094
32,390
645,484
639,489
FUNDS
Unrestricted funds
Restricted funds
13
613.094
32.390
608.881
30,608
TOTAL FUNDS
645,484
639,489
The charitsble company is entitled to exemptton from audit under Section 477 of the Companie5 Act 21Y)6 for the year
ended 31 March 2025.
The members have not required the company to obtain an audtt of tts financial statements for the year ended
31 March 2025 in accordance with Section 476 ofthe Companies Act 2006.
The trustees acknowledge their responsibilities for
lal
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
preparing financial statements which gNe a true and fair view of the state of offairs of the charitable company as
at the end of each financial year and of tts surplus or deficit for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act
2006 relating to financial statements. so far as applicable to the charttable company.
Ibl
The notes fomi part of these financial statements
Page 8
continued...

SHANKLIN THEATRE AND CQMMUNITY TRUST
BALANCE SHEEf- continued
31 MARCH 2025
These financial statements have been prepared in accordance with the provisions applicable to charitsble companies
subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on Z/./.AL...
and were signed on its behalf by..
C W Quirk- Trustee
The note5 form part of these financial ststements
Pa8e 9

SHANKLIN THEATRE AND COMMUNITY TRusr
NOTES TO TH£ FINANCIAL STATEMEP4TS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING pouaES
Basis of preparing the financial statements
The financial statement5 of the charrtable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities 50RP {FRS 1021 '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 IFRS 102) (effective l January 20191,. Financial Reporting
Standard 102 Yhe 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 cost convention, with the exception of
investments which are included at market value.
Income
All income is recognised in the Statement of Financial Artrvities once the charity has entitlement to the funds, it is
probable that the income will be received and the amount can be measured reliably.
Expenditu
Liabilitie5 are recognised as expendsture a5 soon as there is a legal or constructive obligation committing the
charity to that expenditure. 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 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 heading5 they have been allocated to activities on a basis consistent with the use of
resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery
20% on reducing balance
No depreciation has been provided on the theatre buildings because, in the opinion of the directors, the charge
would be immaterial due to the long life of the asset and the requirement to maintain the listed building. The
dirertors carry out annual impairment reviews to ascertain whether a provision ts necessary.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objertNes at the discretion of the trustees
trustees principal activty of the charity is to hold the theatre building in trust.
The
Restricted fund5 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 10
continued...

SHANKUN THEATRE AND COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
DONATIONS AND LEGACIES
2025
Total
funds
2024
Total
fund5
Unrestrirted
funds
Restricted
funds
Donations
Gift aid
Legacies
Grants
1.1)43
1.043
7,948
3,640
115,857
17,500
1.043
1,043
144,945
INVESTMENT INCOME
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Re5trirted
funds
Rents received
Deposit account interest
26,448
2.652
26,448
2,652
22,647
1.650
29.11])
29,1(K)
24,297
INCOME/(EXPENDITUREI
Net income/lexpenditurel is stated after chargingl(creditingl:
2025
2024
Depreciation - owned assets
216
270
TrUSTEES' REMUNERATION AND BENEFITS
There were no trustees. remuneration or other benefits for the year ended 31 March 2025 nor for the year ended
31 March 2024.
Trustee5' expenses
There were no trustees. expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Page 11
ontinued..-

SHANKLIN THEATRE AND COMMUNITY TRUST
NOTES TO THE FINANaAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
COMPARATIVES FOR THE sfATEMEMf OF FINANaAL ACtIVmES
Unrestritted
funds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
126,645
18.3(M)
144,945
Charitable activities
Preservation of Shanklin Theatre building
41,244
42,328
Investment income
24,297
24,297
Total
152.026
59,544
211,570
EXPENDITURE ON
Charitable activities
Preservation of Shanklin Theatre building
Development of Shanklin Performing Arts
Centre
20.538
85,486
48.779
48,779
Total
69.317
64,948
134,265
NET INCOME/{EXPENDITURE)
82.709
{5.4041
77.305
RECONCILIATION OF FUNDS
Total funds brought forward
526,172
36,012
562,184
TOTAL FUNDS CARRIED FORWARO
608.881
30,608
639,489
Page 12
continued...

SHANKUN THEATRE AND COMMUNITY TRUST
NOTES TO THE FINANaAL STATEMEMfs- continued
FOR THE YEAR ENDED 31 MARCH 2025
TANGIBLE FIXED ASSETS
Freehold
property
Plant and
machinery
Totals
COST
At l April 2024 and 31 March 2025
5LX),922
10,040
510,962
DEPRECIATION
At l April 2024
Charge for year
8,962
216
8,962
216
At 31 March 2025
9.178
9,178
NET BOOK VALUE
At 31 March 2025
5¢X1.922
862
501,784
At 31 March 2024
5¢XI.922
1,078
502,(100
FIXED ASSET INVESTMENTS
Shares in
group
undertakings
MARKET VALUE
At l April 2024 and 31 March 2025
NET 800K VALUE
At 31 March 2025
At 31 March 2024
There were no investment assets outside the UK.
The companrfs investments at the balance sheet date in the share capital of companies include the following..
Shanklin Theatre Limbted
Registered office.. Shanklin Theatre. Steephill Road. 5hanklin. Isle Of Wight. P037 6AJ
Nature of busines5: Theatre tradin8 company
Class of share..
Ordinary
holding
100
31.3.25
31.3.24
Aggregate capitsl and reser4es
Profit for the year
96,369
96,849
14801
52.250
Page 13
continued...

SHANKLIN THEATRE AND COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMEP4TS- continued
FOR THE YEAR ENDED 31 MARCH 2025
FIXED ASSET INVEsfMENTS- contlnued
Shanklin Performing Arts ac
Registered office.. Shanklin Theatre. Steephill Road, 5hanklin.151e Of WighL P037 6A1
Nature of business: Performing arts
Class of share..
Sole member
holding
31.3.25
31.3.24
Aggregate capital and reserves
(Lossl/profit for the year
22,161
12.8211
24.982
1,222
CREDITORS: AMouKfs FAWNG DUE WITHIN ONE YEAR
2025
2024
Other loans Isee note 111
Accrued expenses
10.000
1,410
10,000
960
11,410
10,960
io.
CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR
2025
2024
Other loans (see note 111
60.OIJ)
70,000
ii.
LOANS
An analysis of the maturity of loans is given below=
2025
2024
Amounts falling due within one yearon demand=
Other loans
10,000
10,000
Amounts falling between one and years-.
Other loans - 1-2 years
10,000
10.000
Amounts falling due between two and five years:
Other loans- 2-5 years
30,0
Amounts falling due in more than five years:
Repayable by instalments-
Other loans more 5yrs
20,CKNJ
30.0
Page 14
ontinued...

SHANKUN THEATRE AND COMMUNITYTRUST
NOTES TO THE FINANCIAL sfATEMEKfS- continued
FOR THE YEAR ENDED 31 MARCH 2025
12.
SECURED DEBTS
The following secured debts are included withirTr creditors..
2025
2024
Other loans
70.1KM)
The IW Council loan of £70,IKKJ 12024 - £80,0￿} is secured by a legal charge over the freehold property owned by
the charity.
13.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
be￿een
funds
At
31.3.25
At 1.4.24
Unrestricted funds
General fund
Fixed asset fund
Window appeal fund Idesignatedl
185,868
422,￿3
I,oio
4,428
12151
{io.0001
iO,CMJO
180,296
431,788
I,oio
608,881
4,213
613.094
Restricted funds
Friends of Shanklin Theatre
30,608
1.782
32,390
TOTAL FUNDS
639,489
5.995
645,484
Net movement in funds, induded in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrirted funds
General fund
Fixed asset fund
32,648
128,220}
12161
4,428
12151
32.649
128,4361
4,213
Re5trirted funds
Friends of Shanklin Theatre
42.271
{40.489)
1.782
TOTAL FUNDS
74.920
168,9251
5,995
Page 15
continued...

SHANKLIN THEATRE AND COMMUNITY TRUST
NOTES TO THE FINANaAL sfATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
13.
MOVEMENT IN FUNDS- continued
Comparatives ft>r movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
Fixed asset fund
Window appeal fund Idesignatedl
112,889
412,273
i.oio
82,979
12701
{io,Ixx)I
10,000
185,868
422.003
i.oio
526.172
82,709
608,881
Restrirted funds
Friends of Shanklin Theatre
Female toilet improvement fund
28,312
7.700
2,296
(7,7001
30,608
36.012
15,404)
30,608
TOTAL FUNDS
562,184
77,305
639,489
Comparative net movement in funds, included in the above are as fdlows=
Incomin8
resources
Resources
expended
Movement
in funds
Unrestricted fvnds
General fund
Fixed asset fund
152,026
169,0471
12701
82.979
1270}
152,026
169,3171
82,709
Restrirted funds
Friends of Shanklin Theatre
Female toilet improvement fund
41.244
18.300
138,9481
{26.LKKI)
2,296
17,7001
59,544
164,9481
15,4041
TOTAI FUNDS
211,570
{134,2651
77.305
Window Appeal
The Trust are asking for donats.ons to replace some of the w1nd0v￿ in the Theatre.
Page 16
continued...

SHANKLIN THEATRE AND COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS- Continued
FOR THE YEAR ENDED 31 MARCH 2025
13.
MOVEMENT IN FUNDS- continued
Transfers between funds
The only transfers between fvn(ts during the year is in relation to the separate disclosure of the charity's fixed
assets as the trustees believe this will give a more transparent picture of the Trust's financial position at the year
end.
14.
RELATED PARTY DISCLOSURES
During the year, Shanklin Theatre and Community Trust made donations of £8.99312024 £39,999) to Shanklin
Theatre Limited, and £7.12212024 - £48,779) to Shanklin Performing Arts CIC, both of which are subsidiaries of the
charity.
Page 17

SHANKLIN THEATRE AND COMMUNITY TRUST
DETAIIED STATEMENT OF FINANCIAL AcnvmES
FOR THE YEAR ENDED 31 MARCH 2025
2025
Totsl
funds
2024
Total
funds
Unrestrirted
fund5
Restritted
funds
INCOME AND ENDOWMENTS
Donatlons and legacies
Donations
Giftaid
Legacies
Grants
1,043
1,043
7,948
3,640
115,857
17,500
1.043
1,043
144,945
Investment income
Rents received
Deposit account interest
26,448
2,652
26.448
2,652
22,647
1,650
29.1(M)
29,100
24,297
Charitable artivitie5
Friends of Shanklin Theatre income
2,506
42.271
44,777
42,328
Total incoming resources
32.649
42,271
74.920
211,570
EXPENDITURE
Chawitable activitie5
Rates and water
Insurance
Postage and stationery
Advert15ing
Sundries
Legal and professional fees
Repairs and renewals
Software development
Donation to Shanklin Theatre knm¥ted
Friends of Shanklin Theatre expenses
Donations to Shanklin Performing Arts CIC
Plant and machinery
147
1,571
95
206
96
1.350
3.900
985
8,993
1.654
7.122
216
147
1,571
95
206
96
1,350
3,900
985
8,993
42,143
7,122
216
1,549
118
234
496
1,239
39,999
40,459
48,779
270
40,489
26.335
40.489
66.824
133,143
Thi5 page does not form part of the statutory financial ststements
Page 18

SHANKUN THEATRE AND COMMUNITY TRUST
DEfAJLED sTATEME￿r OF FINANCIAL AcrivmES
FOR THE YEAR ENDED 31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
funds
Restricted
funds
Support costs
Governance costs
Accountancy and legal fees
2.101
2,101
1,122
Total resources expended
28,436
40,489
68.925
134,265
Net Income
4,213
1.782
5,995
77,305
Thi5 page does not form part of the statutory financial statements
Page 19