Company Registration Number 07285741 Registered Charity Number 1146907
ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE)
REPORT AND ACCOUNTS For the year ending 31 March 2025
ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT For the year ended 31 March 2025
The Trustees, who are also Directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Name Eclipse Theatre Company Limited Charity registration number 1146907 Company registration number 07285741 Registered office Fortuna House Suite 104, 88 Queen Street, Sheffield S1 2FW
Trustees
For the purposes of the Companies Act 2006, the Board of Trustees is the Board of Directors of the charitable company and is referred to as the Trustees throughout this report.
The Trustees of Eclipse Theatre Company Limited during the period and to the date of signing this report are as follows:
Nicholas Ahad Robert Alderson (Interim Chair) Benjamin Cooper-Melchiors Resigned 3 May 2024 Fiona Joseph Resigned 31 May 2024 Simone Kelly Resigned 7 August 2024 Maxwell Mutanda Sophia Parker Company Secretary The company has taken advantage of the provisions available to not appoint a Company Secretary Independent Examiner Pete O’Hara FCA, Chartered Accountant, 26 La Sagesse, Jesmond, Newcastle upon Tyne NE3 2AF Solicitors Bates Wells, 10 Queen Street Place, London, EC4R 1BE
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT
For the year ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Documents
Eclipse Theatre Company Ltd is a charitable company limited by guarantee, incorporated on 16 June 2010, registered in England and Wales under company number 07285741 and governed by its memorandum and articles of association. The charity was registered with the Charity Commission on 17 April 2012 under charity number 1146907.
The Directors of the company are also Trustees of the charity.
Eligibility for membership of the charity, and membership of the Board of Trustees, is governed by the Articles of Association. There are no restrictions in the governing document on the operation of the charity other than those imposed by general charity law.
Charitable Purpose
Eclipse Theatre Company Limited’s charitable objects are to advance the arts for the public benefit through the promotion of, in particular, but not exclusively, the art of drama.
Eclipse Theatre Company’s mission is as follows: “ Eclipse Theatre will influence and instigate change that leads to a more diverse and equitable theatrical landscape”.
Structure and Governance
The charity currently has a Board of four non-executive Trustees.
The Board meets a minimum of four times per year.
Recruitment and Appointment of Board of Trustees
Trustees are elected to the Board based on discussions and recommendations offered by Trustees and outside advisors to the organisation, as well as through a range of advertising channels.
Trustee Induction and Training
New Trustees are inducted by the Chair of the Board and Director and are provided with a range of resources and publications to support their understanding of Eclipse Theatre Company Limited activities, including the latest annual report and accounts, a full role description and information on current and past productions. They also have the opportunity to see productions and are kept informed on an ongoing basis around developments in both the theatre and wider charity sectors.
Reserves Policy
The Trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity Commission. The charity’s ‘free reserves’ at 31 March 2025, defined as non-designated unrestricted funds, net of the value of Fixed Assets, are £383,444.
Grant Making Policy
The charity does not engage in grant-making activity.
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT
For the year ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT (CONTINUED)
The Contribution of Volunteers
The charity does not use volunteers within its productions or to support its activities.
Public Benefit
The Trustees understand and have discussed the implications of the provisions of the Charities Act 2006, which state that all charities must demonstrate that they are established for public benefit and have had due regard to the public benefit guidance issued by the Charity Commission. The Trustees believe that the charity meets both of the key principles.
In developing the objectives for the year, and in planning activities, the Trustees have considered the Charity Commission guidance on public benefit.
In line with our mission, we contribute towards the creation of an environment in which the experiences of Black British people are articulated in arts forms and media nationally where we are a beacon for the work of Black artists.
Risk Management
The Trustees of the charity review the major governance, operational and financial risks which the charity faces as part of its annual business planning process and confirm that systems have been established to mitigate these risks.
Eclipse Theatre Company Limited has a risk management strategy in place which comprises:
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an annual review of the strategic risks the charity may face via the business plan
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the establishment of systems and procedures to mitigate those risks identified
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the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
The Trustees are satisfied that appropriate financial systems and controls and employment policies and practices are in place.
The Trustees have considered the key risks facing the charity:
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Artistic ambition:
-
Financial sustainability:
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT
For the year ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE
Summary of the main achievements of the charity during the year
In May 2024, after a period of change which created significant challenges for the organisation, the Trustees took the decision to close Eclipse. This decision was not taken lightly and the Trustees appreciate that the loss of Eclipse will be keenly felt in the UK theatre community. As a result, minimal activity has taken place at Eclipse during the year.
In February 2025, one grant of £2,500 was made to Yolanda Mercy for the development of the play Failure Project, which was to embark on a tour in 2025.
The charity has continued to provide for ten projects to be available to the public via Digital Theatre in furtherance of its charitable purposes and mission of advancing the arts in a more diverse landscape.
The Trustees have also been working on preserving the legacy of Eclipse and its work. The Trustees have taken steps to understand the charity’s IP and other assets with the intention of donating these to an organisation that will preserve and further the charity’s mission and charitable purposes.
In the last financial year, the Trustees have continued to take legal advice and a full and managed closure of the company will take place, with any remaining assets distributed in line with Eclipse’s governing document.
Financial Review
The out-turn for the year is an unrestricted deficit of £(24,020) (2024: Surplus £124,788). The deficit is deducted from Unrestricted Reserves, leaving a total balance on Unrestricted Funds at 31 March 2025 of £383,444 (2024: £407,464).
At 31 March 2025, the charity had positive “free” reserves, defined as unrestricted funds less fixed assets, of £383,444 (2024: £400,060).
Investments Policy
Under the Memorandum and Articles of Association, the charitable company has the power to make any investment that the trustees see fit.
PLANS FOR FUTURE PERIODS
Following a decision in May 2024 for the charity to close, the charity is putting plans in place to distribute any remaining assets, including IP, held in accordance with its governing document (and in furtherance of its charitable purposes).
When the charity is able, the trustees will proceed to strike-off from Companies House and the Charity Commission. Therefore, there are no plans for future projects.
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT
For the year ended 31 March 2025
RESPONSIBILITIES OF THE TRUSTEES
The Trustees (who are also the Directors of Eclipse Theatre Company Limited for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by Section 415A of the Companies Act 2006.
Signed by order of the Trustees
Robert Alderson Trustee/Interim Chair Company Registration Number 06764666
5 March 2026
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INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF ECLIPSE THEATRE COMPANY LIMITED YEAR ENDED 31 MARCH 2025
I hereby report to the Trustees/Members of Eclipse Theatre Company Limited (Charity Registration Number 1146907) on the accounts for the year ended 31 March 2025 set out on pages 8 to 17.
Responsibilities and basis of report
As the charity’s Trustees (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner’s Statement
Since the Company’s gross income 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 because I am a member of the Institute of Chartered Accountant 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:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods or 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 (FRS102)).
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.
Pete O’Hara, FCA, Chartered Accountant Fellow of the Institute of Chartered Accountants in England & Wales
26 La Sagesse, Jesmond, Newcastle upon Tyne NE2 3AF
5 March 2026
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Note Income Income from Investments 3 Income from Donations, Grants & Legacies 4 Income from Charitable Activities 5 Total Income Expenditure Expenditure on Raising Funds 6 Expenditure on Charitable Activities 7 Total Expenditure Net Income/(Expenditure) Balance brought forward at 1 April Balance carried forward at 31 March 14 |
Unrestricted Funds Restricted Funds Total 2025 Total 2024 £ £ £ £ 1,392 - 1,392 990 140,973 - 140,973 563,544 666 - 666 7,363 |
|---|---|
| 143,031 - 143,031 571,897 - - - 450 167,051 - 167,051 446,659 |
|
| 167,051 - 167,051 447,109 |
|
| (24,020) - (24,020) 124,788 407,464 - 407,464 282,676 |
|
| £383,444 £- £383,444 £407,464 |
The notes on pages 10 to 17 form part of the financial statements.
All of the activities of the company are classed as continuing.
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL POSITION/BALANCE SHEET AS AT 31 MARCH 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | £ | |
| Fixed Assets | |||
| Tangible Fixed Assets | 10 | 2,761 | 7,404 |
| Current Assets | |||
| Debtors | 11 | 8,332 | 6,980 |
| Cash At Bank & In Hand | 396,782 | 435,242 | |
| 405,114 | 442,222 | ||
| Creditors – Amounts Falling Due Within 1 Year | 12 | (24,431) | (42,162) |
| Net Current Assets/(Liabilities) | 380,683 | 400,060 | |
| Total Net Assets | 13 | £383,444 | £407,464 |
| Represented by: | |||
| Unrestricted Funds | 14 | 383,444 | 407,464 |
| Restricted Funds | 14 | - | - |
| £383,444 | £407,464 | ||
| The notes on pages 10 to 17 form part of the financial statements. | The notes on pages 10 to 17 form part of the financial statements. |
The Trustees are satisfied that for the year ended 31 March 2025 the charity was entitled to exemption under section 477(2) of the Companies Act 2006.
The Trustees also confirm that the Members have not required the charity to obtain an audit in accordance with section 476 of the Companies Act 2006
The Trustees acknowledge their responsibilities for:
(i) ensuring that the charity keeps adequate accounting records which comply with section 386 of the Act, and
(ii) preparing financial statements which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the charity.
These financial statements were approved and signed by a Member of the Board of
Trustees on 5 March 2026.
Robert Alderson Trustee/Interim Chair Company Registration Number 07285741
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Eclipse Theatre Company 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.
Income
All income is included in the Statement of Financial Activities (SOFA) when there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Such income is only deferred when the donor or funder has specified that the grant or donation can only be used in future accounting periods or where the donor or funder has imposed conditions which must be met before the charity has unconditional entitlement.
Investment income, including interest on funds held on deposit, is recognised on a receivable basis.
Expenditure
All expenditure is accounted for on an accruals basis and is recognised when a liability is incurred.
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Expenditure on raising funds are those costs of seeking potential funders and applying for funding
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Charitable activities include expenditure associated with the planning and delivery of artistic productions and associated activities. This includes both the direct costs and support costs relating to these activities.
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Support or Indirect costs are those costs incurred in support of the charitable objectives. These have been allocated to the resources expended on a consistent basis that fairly reflects the true use of those resources within the organisation, such as allocating staff costs by time spent and other costs by their usage.
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Governance costs are those incurred in the governance of the charity and its assets and are primarily associated with the constitutional and statutory requirements.
Irrecoverable VAT
All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies (Continued)
Tangible Fixed Assets and Depreciation
Depreciation is provided on any fixed assets at rates calculated to write off the assets over their remaining useful lives as follows:
IT & Office Equipment
- 33% per annum straight line
A full year’s depreciation charge is applied in the year of acquisition and no charge is made in the year of disposal.
Financial Instruments
The charity only has financial assets and liabilities of a kind which qualify as basic financial instruments. Such instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Fund Accounting
General Funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
Designated Funds comprise unrestricted funds set aside by the Trustees for a specific purpose.
Restricted Funds reflect income received which a funder or donor requires must be spent on a particular purpose or where funds have been raised for a specific purpose. Such income and associated expenditure are shown as Restricted in the Statement of Financial Activities, whilst any unspent balances at the year-end are carried forward as Restricted Funds.
Taxation
Eclipse Theatre Company Limited meets the definition required of a charitable company for UK Corporation Tax purposes. Consequently, the company is potentially exempt from taxation in respect of income or capital gains to the extent that such income or gains are applied exclusively for charitable purposes.
2. Going Concern
The Trustees have reviewed the circumstances of the charity. Whilst adequate resources continue to be available to fund the activities of the charity, following a decision in May 2024 for the charity to close, the charity is putting plans in place to distribute any remaining assets, including IP, held in accordance with its governing document (and in furtherance of its charitable purposes).
When the charity is able, the trustees will proceed to strike-off from Companies House and the Charity Commission. Therefore, there are no plans for future projects.
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
3. Income from Investments
| Unrestricted | Restricted | 2025 | 2024 | ||
|---|---|---|---|---|---|
| Funds | Funds | ||||
| £ | £ | £ | £ | ||
| Bank Interest Receivable | 1,392 | - | 1,392 | 990 | |
| £1,392 | £- | £1,392 | £990 | ||
| The 2024 total of £990 was wholly attributable to Unrestricted | Funds. | ||||
| 4. | Income from Donations, Grants & Legacies | ||||
| Unrestricted | Restricted | 2025 | 2024 | ||
| Funds | Funds | ||||
| £ | £ | £ | £ | ||
| Donations | 104 | - | 104 | 70 | |
| Grant Income | |||||
| Arts Council England – National Portfolio | 140,869 | - | 140,869 | 563,474 | |
| Organisation | |||||
| £140,973 | £- | £140,973 | £563,544 | ||
| The 2024 total of £563,544 was wholly attributable to Unrestricted Funds. | |||||
| 5. | Income from Charitable Activities | ||||
| Unrestricted | Restricted | 2025 | 2024 | ||
| Funds | Funds | ||||
| £ | £ | £ | £ | ||
| Box Office & Other Production Income | - | - | - | 3,080 | |
| Theatre Tax Relief | - | - | - | 3,259 | |
| Income from Royalties, Scripts & Digital | 666 | - | 666 | 1,024 | |
| £666 | £- | £666 | £7,363 |
The 2024 total of £7,363 was wholly attributable to Unrestricted Funds.
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
6. Expenditure on Raising Funds
Fundraising Consultancy Fees
| Unrestricted | Restricted | 2025 | 2024 |
|---|---|---|---|
| Funds | Funds | ||
| £ | £ | £ | £ |
| - | - | - | 450 |
| £- | £- | £- | £450 |
The 2024 total of £450 was wholly attributable to Unrestricted Funds.
7. Expenditure on Charitable Activities
| Expenditure on Charitable Activities | |
|---|---|
| Artistic Production/Project Costs Production Costs/Artistic Programme Marketing, Press & PR Salaries & On Costs Support Costs Rent & Office Expenses Recruitment & Training Costs Governance Costs Independent Examiner’s Fees Legal & Professional Fees Book-keeping & Other Accountancy Fees Governance Meeting Costs & Expenses Depreciation |
Unrestricted Funds £ Restricted Funds £ Total 2025 £ Total 2024 £ 3,130 - 3,130 179,730 9,762 - 9,762 20,207 48,741 - 48,741 150,199 |
| 61,633 - 61,633 350,136 32,051 - 32,051 34,184 1,374 - 1,374 10,013 |
|
| 33,424 - 33,424 44,197 1,800 - 1,800 1,800 52,890 - 52,890 29,883 12,650 - 12,650 14,840 11 - 11 1,010 4,643 - 4,643 4,793 |
|
| 71,994 - 71,994 52,326 |
|
| £167,051 £- £167,051 £446,659 |
The 2024 total of £446,659 was wholly attributable to Unrestricted Funds.
8. Net Income/(Expenditure)
| Net income/(expenditure) is stated after charging/(crediting): Independent Examiner’s Fees – current year Independent Examiner – other services – current year Depreciation of owned Tangible Fixed Assets |
2025 £ 2024 £ 1,800 1,800 - 350 4,643 4,793 |
|---|---|
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
9. Staff Costs & Trustees’ Remuneration
| Gross Salary Costs Freelance Contracts Employer’s National Insurance Employer’s Pension Contributions |
2025 £ 2024 £ 38,910 101,844 9,765 40,080 - 5,921 66 2,354 |
|---|---|
| £48,741 £150,199 |
No employee received remuneration of more than £60,000 during the year (2024 - Nil).
The average number of staff employed during the year, calculated as full-time equivalents, was as follows:
| was as follows: | ||
|---|---|---|
| 2025 | 2024 | |
| No | No | |
| Artistic Production and Support | 1 | 3 |
Key Management Personnel are defined by the organisation as the Trustees.
No remuneration has been paid to any Trustees/Directors in the year (2024: £Nil).
Reimbursement has been made in the year of £11 to 1 Trustee for Travel and Subsistence expenses incurred in respect of their work on behalf of the charity (2024: £1,010 to 1 Trustee).
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Tangible Fixed Assets
| 10. Tangible Fixed Assets |
||
|---|---|---|
| Cost At 1 April 2024 Additions in year Disposals At 31 March 2025 Accumulated Depreciation At 1 April 2024 Charge for year Disposals At 31 March 2025 Net Book Value At 31 March 2025 At 1 April 2024 11. Debtors Trade Debtors Other Taxes & Social Security Costs - VAT Prepayments Accrued Income 12. Creditors – Amounts Falling Due Within 1 Year Trade Creditors Other Creditors Other Taxes & Social Security Costs – PAYE/NI Accruals |
IT, Office & Technical Equipment £ Total £ 21,353 21,353 - - - - |
|
| 21,353 21,353 13,949 13,949 4,643 4,643 - - |
||
| 18,592 18,592 |
||
| £2,761 £2,761 |
||
| £7,404 £7,404 2025 £ 2024 £ - - 6,420 3,942 1,745 1,774 167 1,264 |
||
| £8,332 £6,980 2025 £ 2024 £ 22,301 10,007 - 13,291 - 11,919 2,130 6,945 |
||
| £24,431 £42,162 |
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
13. Analysis of Net Assets between Funds
| Fixed Assets Debtors Cash at Bank and In Hand Creditors – Amounts Due Within 1 Year nalysis of Charitable Funds Unrestricted Funds General Funds Restricted Funds Total Funds |
Unrestricted Funds Restricted Funds Total 2025 Total 2024 £ £ £ £ 2,761 - 2,761 7,404 8,332 - 8,332 6,980 396,782 - 396,782 435,242 (24,431) - (24,431) (42,162) £383,444 £- £383,444 £407,464 Fund at 1 April 2024 £ Incoming Resources in Year £ Resources Expended in Year £ Fund at 31 March 2025 £ 407,464 143,031 (167,051) 383,444 - - - - |
|---|---|
| £407,464 £143,031 £(167,051) £383,444 |
14. Analysis of Charitable Funds
15. Related Party Transactions
The charity has a close working relationship with Arts Council England which is a registered charity and has provided significant project funding which enables the charity to carry out its charitable objectives. In total, grant funding of £140,869 (2024: £563,474) from Arts Council England was recognised in the year.
At 31 March 2025, £Nil was owing to Eclipse Theatre Company Limited from Arts Council England (31 March 2024: £Nil).
16. Taxation
The company is a registered charity and no provision is considered necessary for taxation.
17. Financial Commitments
No material financial commitments have been made in respect of future financial periods.
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ECLIPSE THEATRE COMPANY LIMITED (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
18. Contingent Liability
The accounts are approved by the Board noting that there is one outstanding claim against the charitable company being brought by a former employee.
The claim is for unfair dismissal and discrimination. The Board has received specialist legal advice on the potential success and financial award of the claim. It is considered the likelihood of success of the claim is remote.
If it were successful, the potential size of the claim would not be capped but it should not be material to the charitable company’s financial statements.
The Trustees have not therefore included provision in the financial statements for the claims on the basis that its success is remote.
19. Company Limited by Guarantee
The charity is incorporated under the Companies Act 1985 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding £1 as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.
There are currently 4 members of the company (2024 - 5 members).
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