Company Reglstratlon Number 07972082 (EnglarKI and Walfrs)
Charily Number 1147697
UCHFIELD GARRICK THEATRE
IA company Ilmlted by guarantee)
REPORT OF THE TRUSTEES
AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
*OIJZB•Z*
2710Y2025
C(*APANIES HOUSE
#312

LiGhfield GarriGk Theatre
Financlal Statements
Year Ended 31 July 2024
Contents
Page
Charity Reference and Administrab"ve Detals
TnBtees' Annual Rep)rt
Independent Audilorfs Report
Consolidated Statement of Financial P£tivities (IncludirvJ Income arKI ExperKliture Account) 12
Consolidated Balance SI￿1
13
Charity Balance Sheet
Consolidated Statement of Cash Flows
14
15
Notes to the Financi￿ Statements
16

Lichfield Garrick Th&*re
Charity Reference and Admlnistrative Delalls
Year Ended 31 July 2024
Charity registration number
1147697
Company r•glstration number
07972082 (England and Wales)
Trustees
D F Baker (resigned 26ffj9120241
P A Carter {resigned 13106120241
O L Pexh {resigned 0111212023)
W R Smith (resigned 0711112023)
J M Beaumo
N E Ha￿arn
OJHill
S C Price
ELRyan
E R Shouler
N Panti-AnN)a lapFointed 13rtW2024}
. D M Baker {appointed 13106120241
A Grace lappoinied 13106120241
S Taylor (appointed 1310612024)
A C Farrell {appointed 26109120241
Chlof ExKutlva Offi¢•r
D J Bud(royd
R•gist¢red 0ffi¢o
LKhfield Garrie
Casde [￿ke
field
Staffordshire
VIS13 6HR
Auditor
UHY Hacker Young
14 Park R¢YW
Notb"ngham
NG16GR
Bankus
HSBC
49 Market Street
chfield
Stsffordshire
WS13 6LB

Lichfiold Garrlck Theatre
Trustees, Annual Report
Y•ar Ended 31 July 2024
The Trustees p￿Sent their wport and Ihe"audited financial statements of the Charity for the year ended
31 July 2024. The Trustees have adopted the provisions of the Slatement of Recommended Practice ISORPI
"Accounting and Repofling by Charities. IFRS 102) ￿ preparing the annual report and finanoal statements of the
charity.
The financial statèments have been prepared in acCOrdar￿ with the accounting polic￿5 Sel out in notss lo the
accounts and 0)m￿Y with the tharity's govemin9 de<umwtt. the Chanliès Act 2011 and Accounting and
Reporting by charit￿S.. Stalement of Re(￿MMended Practice applicable lo charities preparin9 their accounts in
accordance with the FinancK41 Rek)orb"rg Standard appkable ￿ th$ UK aThJ Republic ol Ireland second edition
published in October 2019.
Trustees of the ¢harlty
The directors of the CharIts￿e company are ils Irustees fc* the purposes of Charity ￿w. The trustees who have
s•rvèd durirwJ the year and since the yew end were as follthvs:
O F Baker Ifesign8d 26109120241
P A Carter (resigned 1310612024)
D L Peach (resigned 0111212023)
W R Smith (reS￿ned 07111r2023)
J M Beaumont
N E Haslam
DJ Hill
S C Price
ELRyan
E R Shoul
N Panti-Amoa {appoiitèd 13K6r2024)
D M Baker lappoinled 1310612024)
A Grace lappc4nled 13106120241
S Taylor (appointed 13106120241
A C Farrell (appointed 26109r20241
Obl•ctlv•s and actl¥ttS•9
The objectives and aims of the ￿arity are the adVanCerr￿t of the arts the benefft tsf the publi¢. fft particular
through the operation of the L￿r￿1￿ Garrick Theatre arm1 the advancement ofeducation in le￿tion lo the arts ftr
the b8n8fft of the public.
Pub15c benefit statement
Th• Trustees set and pLin actiwties having regard to the Charity c¢)Thwnls5￿n's guidan￿ on pth4ic b¢nefrt.
incI￿￿1ft9 the guKlanee on athnission charges to pr￿raMme events.
Achlevemonts and performance
Th8 year endlng 31 Juty 2024 saw a 27% year-on-year growth in ficket sales and a S￿n￿Can1 increase in income.
This was driven by a continued expansion of the number arK1 range of perfom)ances offered during the year,
exceptional audience feedback trartslating into strong relum twking5. and increased investment in marketin9
attracting hvjh lèvèls of first-b.me attenders. Christmas 2023 provided a Part￿Ular hvjhlighl by breaknng 811 box
office records (yet again) wth over forty-three thousand peopbÈ visitiny the vènue in a six-week period. Duri￿ the
yaar, thè theatre also corn￿eted an independent govemance revw and recruited a number of new trustees to
bring the charity's B¢)ard ba¢k up to full strength. Thè or9anisatron also published a dYnarn￿ new five-ye8r
business plan, massively inueased its work in schods and cotheges. launched a 5tr810gi¢ partnèrship to iruease
¢ul¢ural engagement in Bumtwood. and dèvekjped plans for the biggest ever refurts'shment of the thtr*re'$ publi¢
spaces and facilities. Workto improve bars. foyers ar￿ tolets slarted on sile in July 2024 and was due lo complete
in Seplember 2024.

Lichfield Garrick Theatre
Trustees, Annual Report
Year Ended 31 July 2024
Reserves policy
The Trustee5 keep the ￿$￿e$ of Ihe The*e regulady under review.
Charity onty reserves al 31 Juty 2024 sIL￿d at £2.021.295 and the TnJstees are confidentthal th￿ level ofreserves
11 enable thè theatre to continue as a viat4e entity.
Funds hav8 been transferred to desvJnated hjnds for capital improvwnenls. essential repwrs, education and
¢onmunity pro9r8mme devebpment and tr* vakne ofcapital assets designated lo lulure peri&J$.
Principal lunding source
The Theatre's prinuple funding source is the revenue stream from its primary busifte$s. In addition to this, Lichfield
District Covnryl supptsrts the Theatre in rètum for services to the community. the role it play5 in making L¢chfield a
vibrant for I•￿dentS and visitors alike and in recogThb'on of the favoUrab￿ e¢onomic impact that the Theatre
has on Li¢hfield and ils surrounds.
Going ¢oneem
The Trustees have assessed 7fvthether thèrè arè any ￿nffj￿ant doubts aboLrt the Charity's abilty to continue as a
going concèm. In the opinion of the Trustees the Theatre is a going cKJncem. 11 has appropriate banking facilitses
in place, a very strong working relationship with trs slakeholders, strorKJly re￿Vered trading Inco￿ stream5,
and a healthy cash Ibjw. In addition. the Trustees are not aware of any uncertainb"es. which would mean that the
accounts Should I￿t be p￿pared usin9 the goin9 concem basis.
Pl8n$ f¢r futur• p•riods
The Theatre will continue to provide a diverse. acce55ible prcgramme of hwjh-quality prof&ssional ￿fOrMIng arts
in the heart of Lichfidd, logelher with opportunities for IcKal young people, communit￿$ and artlsts to get involved
in creative activities and contribute lo the ￿l￿ra1 of th• cty and its surr¢JJThJing area.
structure. Governance and IAanag¢m•nt
Governing document
Lichfield Garrick Theatre is a registered Chanty. r89lStratron number 1147697 and also a company limited by
guarantee, r89istration number 07972082. The goveming docurrent is Ihe Articles of Asso¢ialK)n of the charitable
company. as amended by Sp￿￿al Resdulion on 12 February 2024. ￿lch establishes the objects and k)tswers of
the ¢haritable company. In the event of the charitabk cornpany beirvJ Wou￿1 up ments(s are required to
contn'bute an amount not exceeding £1.
Re¢rultment #nd •ppolntm¢nt of n*4¥ trust••s
Trustees are recruited based upon the skills and expenen¢e thatlhey hold and depeTrJent on the charity's needs
and are appointed al board meetings throug1w￿t the year.
Oryanisational $tructure
The overall responsibility for Iha Charity lies ￿th the Truste¢ Dire¢tors bvho hava d8lègated the day-toqlay
management ol the Charity to Ihe Chief Executiv• Officer. The Trustee Directors meet regulaty to agree strategy,
review progress, review financial information. and discuss Oi¢y issues. To facilitate effective operation, the Chief
Execub've Offi￿[ has delegale<J authorrty wrthin temis 0f￿ference approved by the Trustees for some operational
mattgrs, in¢ludiro finance.
Induetlon and tralnlng of new trustees
On appointrnerbt every Trustee is provKlÈd a pack of d￿rnents setting key infonnalKJn on the Charity.
New Trustees arè required to confimi that they have studied these documents and raised any queritrs or obtained
further infomiation they may need.

Llchfield Garrick Theatre
Tntstees. Annual Report
Year Ended 31 July 2024
Developments in Charity Law and Practi￿ are morwlored and Imp￿￿nI devebjpments are brought to the notice
of Trustees.
Key Thanag•m•nQ r•mun•ratlon '
AJI dirg¢tors give their lime fredy and no d*e¢tor r￿1Ved remunerats.on ¢y bènefit for their work wth the ¢harity
during the year. Senior staff refflUnerab￿ is set competitsvely. in line with market conditions. The Board of
Tru5te8s sets the Chief ExeoJts"ve Offieerfs remuneration and reviews recommendations for Other senior stsff.
Related partles and prlnclpal fund5ThJ
Any conne¢lKJn between Twstees and any productKJn company, actoror performer must be disdosed to the Board
in the same way as any contraclual relationship with a related paty.
The Charity has a strategic partnership agreemenl with the Counol who provide grant a*J. Re￿Ipl of this grant
aid supports the orrfJ￿ng operation of the theatre.
The Charity has two wholty ￿ned subwdiaries. Lidffièld Garrick (Grnen Room) Limited, which runs the cafélbar
for the Theatre ￿ Lichfield GarrKk Productions L¥nited. whth kyoduces sht)ws for the Ttr￿atre.
R5sk management
The trustees have a duty to ¢dentify and revie•V the risks to whKh the Charity is exposed and to ensu
appropriate controls a￿ in place to providè reasonable assurance against fraud and error.
The senior manag8m8nt team and Ihe 8oard of Tnjstees regularty review risk through a well-e$lablish•d risk
register. The prime risk ligs in the abiltty of the Theatro to maintain ad&quate levels of demand and financial
support for the Services il offers within thè ¢urr¢nt economic dimate. In the opinion of the Trustees, the Charity
has eslablished resources and review systems whKh. under r￿l￿al condilion$. $hwld allow the risk$ id8ntified
by thom lo bg mitwat8d to an ￿pIable level in its day-ttrday operations.
Trust••s' responsibilities
TheTruslees (who are also dire¢lors of Lthfi8ld GarrickTh8atre forthe purrms ofcornpany lawl are responsible
for preparing the TNslees' Annual Report and the financial statements in accordance wth applicable law and
United Krydom Accounting Standards (United Kingdom Generally Accepted A¢¢ounb"ng Practice).
Company law requires the Iruslees to p￿pa￿ financial ststements for each financial year, which give a true and
fair view of the state of affairs of Ihe charitable company and of the incoming ￿SoUrceS and appI￿ation of
resourcès. induding ineomè and expenditure. of the charilable CO￿Var￿ for that period. In preparing these
financial statements. the trustees are requir￿ to..
select suitsble accountirvJ politt•s and then appty them consistentty;
observe the methods and prinoples in Ihe Charilies SORP 2019 IFRS 102)-
makè judgèments and estimates that are reaSona￿e and prudent:
slate vthether applicable UK AccoiJnbr¥J Standards have folW. subj.ect to any material departures
disclosed and explained in the financial staterrents..
prepare the ffinancial slalemenls on the 9(Mng ¢on¢¢m ba$is wdess it 1$ inapprwate to presume that the
charitable company will continue in operdtion.
The Iruslees are Tespjnsible for kewng adequ*e ￿)Unts"n9 ro¢ords that disdose with reasonable accuracy al
any time the financial positson of the charita￿e company and enable ihem to ensure that the financial stat8ments
compty with the Companies Act 2006. They a￿ also responsibfe for safeguarding the assets of the charitable
company and hwKe for taking rea50nabk 5tep5 for the prevention *)d detedK)n of fraud and other irregularities.

Llchlleld Garrlck Theatre
Trustees, Annual Report
Year Ended 31 July 2024
In so far as the tnjstees are aware:
there is no relevant audit information of which the charitable o)mpany's audrtor is unaware". ar
Ihe trustees have taken all steps thal tWI OLMJht to have tak8n to make themselves aware of any relevant
audit informab.on and to establish that the 74Jditor is aware of that information.
Dlsclosure of Infomlatlon to th¢ ￿dItOrS
We. the directors of the crynpany who hehj offi¢e at the date of approval of these Financial Stalemenl$ as set out
above each confrm. so far as we a￿ aware, that..
thwe is no relevant audit information ofwhith the o)mpany's 3￿jitorS are waware., and
w8 have taken all the steps that we ought to have tsken as d*ectws in order to make oursefves aware of any
relevant audit infom)at￿n and to establish Ihat the company's auditows are aware of that infomiation.
On behaf of the board
D J Hill. Chalr of th• Board
Date.. 3 March 2025

Hackeryoung
UHY Ha¢kwYfMft9 LLP
ia Ro
IknWh4rn NGI GGA
Chartered Aciountsnts
Llchfl•ld Garrick Th•atr•
Independent Audltor's Report
Year Ended 31 July 2024
Opinion
We have wditeé thefinanoal sts¢emwts ofLithfield Garric* Theatre (the'parenttharita￿8 cornpany l and its subsKlian•s
ltht 'group'l for the yearended 31 ju￿ 2024 Wh￿ c(Mnprise Ihe ConsolKlated Statement of Finantsal Acfvrties Ilneluding
Incorne and ExpeThYiture Account). ConsoIKlated Balwce Sheet. Chanty Balance Sheet, Con¥olidzted Statement of Cash
Fbws and notes to th8 fin3nc4al slatemenls, i￿Judi￿ a summary of5￿nifiCant acwjnting policies. The finan￿al ￿pOrtIr
framework that has applied in their preparatr>n is appI￿ab￿ Iw and Unrted ￿r￿ddOM Accounting Standards,
including Financial RerKJrt4ng Standard 102 The RetM)rtr9 Sland*d applicab￿ ￿ the UK aNI Rtpubh'e ol
Ireland Iunited Kingdom GenpJally Accepte(l AttThJnb"rg practs￿l.
In our0pin￿n the finanoal Statern￿..
olve a t￿ aThJ fair Mew ofthe stale ofthe grO￿)'S of the parent Chantab￿ Ixynpany's affairs as at 31 July 2024.
and olthe group's inctyniry resources aprlKabon of resc¥Jrces. inca￿J1r9 ts income a￿) expendityre, ts Ihe
y•aT then endod".
have prA)edy p¢epa￿ fft ac(thance ￿ United KinWI Generaly A￿pted Acp)untirg p￿1￿,. and
have prepared in afxrydance *ith the reqUireM￿ts of the Companies Act 20C6.
Basis for wnlon
We 0)rnJ￿ ajdit in acu)rda￿e wlh ￿terna￿nal st￿￿arts on AU￿￿"n9 {lJ(} IISAS IUKII applicable law. O
responsibilrties uThJer those standarts are furthw descrtsd in Ihe A￿jito¢S reSponsi￿1rtles for the audit of the financial
statements seclh)n ofour re￿rt We are in¢JepeThJent of the 9rwp and parent ¢haritaNe ￿MpanY in a￿rdance with the
ethical requi￿rnents that a￿ rekvant Io Ouf audrt of the finanoal ststements in the UK indL*Jing the FRC'5 Ethical
Stsn￿a￿. and we have fiJffIl￿ our olhw ethical reSp)￿ltA"1￿.es in ￿)rd81￿ wAth these wuirements. We believe that
the auéit eVIde￿e we have obtsined is sUff*)"￿t rfJrKowate w kwovide a bas6 for our op1r￿.
C4)ndu$lon$ r¢lalkn9 to 9okg ¢w¢ern
In audrtirq the finanrial $tsten*nts. we have condLh*d Ihat ts Intslees, use olth? gc4ThJ cont8m ba￿$ of accouth.ng
the prqp8ralth￿ of Ihg ffina￿al slaternenl is zpprowiate.
Based on Ihe work we have Ferforrned. ￿ have not identified any material uncertainties rdètiNJ lo events or Conditions
that. iTrJividualty or colectwety. rnay cast svJnificant dwbt on the group or partnt thaniablè compaThy s ability to continue
a5 a ￿Ing COr￿M for a p8rbJd of at lea51 monts lrnm vhw the financ4al statements are authorisell for issue.
Our responsibilities and Ihe reS￿r￿IbllrtieS of the InJ￿ee$ v*ith to g)irvJ a￿ desu*Jed in the releV￿L
sections ol this T8P￿rt.
Other Infonnatlon
The other inf0rrnatl￿ coMw￿e$ the Inf(￿rn￿kn Ind￿ in the annual reF￿ olher Ihan th8 fin￿(¥al statements and oui
audito15 réport th8r80n. The tffustses are rESpxsible foi other inform*"on c¥Jrtained within tts finanoal statemenls.
Our opinion on the financia Statements éoes not o)ver the other inforrnation and, èxcept to the extent Othe￿Se explicrfy
ststed in our report. we do express any fomi of asSU￿¢e c(**usion thewn.
Our respjnsibilty is to read the otrter infcffliation and. in th'TrJ so. con*der wkneiher the oth¥ infomiation is materialty
inconsistent wth the financial staiernents LyowkryyrfAedge￿taIn￿ in the course of Ihe audrt. or otherwise appears to be
materially rnisstated. N we i(Jentify s¢xh malerial inconsiste￿485 or apparent matèrial missiatemenis. we a￿ reouireé to
éelemine whether there ￿ a material rnis5tatement in the finanoal stsiwnents or a material misstatem￿1 of the other
lnf0rnat￿n. N, based on the ￿￿rk w* have Fkned, we co￿Ude thai there is a matwial mLSStatement of this other
rmatK)n. we are required to rewrt that I￿.
We have ￿thing io reF*￿t in this rwJard.

Hackeryoung
L#IYMxk* Y(￿￿(Lp
lé P** Row
14oYwqm NGI
Owrtei£Yl
Lichfield Garri¢k Theatre
Independent Auditor's Report
Year Ended 31 July 2024
Opinion¥k on oth•r matters wes¢rlb•d by th• Companles Act 2006
In ouropln￿n. based on the undertaken in ihe ¢£¥J￿￿the
Ihe inform8k.on gi￿) in the Intstees, repjrt li1￿0￿b"n9 the stralegic repjrtl Ix ihe finanua year forwhich the
finan￿al statements a￿ p￿par￿ is con%slent with the financial staternents; and
the trustees. report (ir￿rPoratsng the strategK report) ha5 been p￿pared in xo)rdant* with ap￿1¢able legal
reqUI￿rnents.
MatterJ on whlch v* are vequlr•d to rnport by ex￿￿10•
In lh8 Ivjht ol our kth41edge and undw51￿￿1￿j ol Ihe group afiL1 pa￿ftt c*)aritable company and ts enwr0nM￿t obtained
in the C￿r$8 ol the audrt. ¥*e have not Kjentitsy material Mts$tate￿ts in the Irustees, wort.
We have nolhing to report in respect of the k4bM"ng matter5 in rel*ffi to the Companies Aet 2Crf)6 requirès us to
report to yov rf. in our o￿nI¢￿-.
Jequate OKOUn￿n9 records have [￿1 been kept by lh8 parent chaiiiable ￿rnPany, or retums *J8quate for our
audit have not been rec8Ned from ixanches not wsited ty u5., or
the parent charitsble c￿pan*S financial s18tements are not in agréement*ith accounting records Mtums",
or
certain disclosure$ ofdwtttors. remuner4w Spear￿ by la* wt not made,. or
we have [￿1 re¢eived all the inforrnation and gxpknal*Jns we require lor our audit:
Respoftslblli¢ie¥ ol trust•e¥
As explained more fvlty in Ihe tru5tees' ￿pOnSI1*11￿es slate￿￿t setouton p•2e6, ts tmste8s{wh) ar8also thedirector5
of Ihe ¢hari¢able compary for Ihe purF*)ses of company law}are resFrfmsible forthe preparation of the finanud slatemenls
and for being satisfied that they gNe a true and fair ¥￿¥. and for such intemal o)ntrol as the trustees determine is
necessary to enaTr￿e the prewation stat￿￿ts that arefreefrom m*ria misslat8menl, wheth•r due to traud
or effor.
In preparing the finanaal statements. the In￿1￿ are responsib[8 for a5￿$4ng the swoup s and parent chantabfe
eompany's ability to ￿￿ts'nue as a con￿rn. d￿dDs1Thj. as 4)p11tab￿. rnatte￿ ￿laItsd to going concern and using
Ihe glyro o)ncem basi5 of ￿nting unless Ihe tnJ5tee5 either intend to h'quthte the group or the pa￿nt tharitable
mpany or to cease opwabons. or have ro reaksi￿ alernab￿ but to (k> so.
Audltorf8 le¥po￿ltillIIi&ts for audit ol th• fin•n¢ial stst•mtrnts
IXrobjectNes a￿t0 obl•n reasonable aSSur￿e atrxwl￿theTtsfinar0￿ stalem•its as a vthole ar8treelrom material
misstatement. whelher due to fraltd or error. and to issue an auditorf5 report Ih8t include5 tyjr opinion. Reasonablè
8ssurance ￿ a high lev￿ ol assura￿. but is no¢ a guwantee that an au¢Jit (i)n(kJcted in accnrdanc8 With ISAS IUKI will
a￿ayS delect a material misstatelr￿t wthen it exists. Misslaiements can arise Irom fraud gr error and are considered
material rf. indNidU￿IY N in the aggre9ate. they (tjubj reason*ly be expected to inflU￿the e¢crnmi¢decASWS of users
tsken on the basts ofthese finarwl slatem*Ms.
Irregularities. Including fraud. are instarw of nOTh￿C£M￿￿18n¢e laws and rwJuL8ts"ons We design ptDcedures in line
wrth our resF4Jnsibilities. oullined above. to delect material Mis5t*￿TheNts in respect of irregularibes, irtduding frautj. The
extent to (yjr W￿dureS are capab18 of d81ecbry iwlar￿es. w)dUd￿g frdud is ¢2*ta1￿J bek)w'.
Our apprwth to identrfying and asses&ThJ Ihe risks of material M￿S￿ement in respect of irr•gul*ities, induding fraud
an¢J nOn-CL)m￿l8nCe laws and re9ulabons. wras as folk)ws:
the eng•Jemwt partner en$U￿d that the tw ￿l￿1%￿lY had th8 wpropriate c9mpet￿,
apatmlities and skills to iéentify or rec￿nise ￿n4￿mplI￿* with ap￿￿ble laws and regulations..
we identif￿d the law5 and regulalins aprArable io the company through discuswons ￿ direLlors * other
management. and from our cfjmmero* kno￿edge and eVien￿ of the sector.. and
we focus￿ on Spe¢Af￿ laws and regulab.ons whth we consKYered May have a direct material e￿1 on the
rinanoal stalemenls of the operaiw)n5 of the ccmxpany. Ind￿1Th9 the Companies Act 2￿6. tsxation legislation
and d*a proithjn. emp￿￿1 and heamh and safety ￿gi￿alK)n.

Hackeryoung
UHYHa¢k4¢yr￿Th9 LLP
lé Park Rc
&4D•rn NGI GGA
Charte¢èJ A£ceuniènts
Llchfield Garrick Theatre
Independent Auditor's Report
Year Ended 31 July 2024
We assessed the Su$￿pti￿llty of Ihe finan(ial stat￿n6 to malerial misstatemert iniknling obtainir4J an
understaThJiTrJ ol h¢yw fraud mght occur. by".
rna￿￿9 enouiw of rn￿rn￿t as to t*thwe they thwe was SU5cepit¥ilty to fr￿￿. their knowledge
of acbjal, suspected and frau¢: an
consideriThJ the inlemal ¢￿tro& in pl￿ lo mibgate risks offraud * w-DJmpji￿ce wilh law& and
regulations.
To adére5s the risk of frnud thw managanenl bias aThJ ovwride ofc4y)trots, ¥R.'
perforned anatyts'cal procedures to idenbfy any UnLtsuJ or La)exr*ded r491￿r￿h1ps'.
tested joumal entries to identty unusual transacbor*:
as5es58d whether judgements and assvmptw)ns made in detemiThrs the accounling estimates were iThJieative
of potential ￿as- an
investwJated Ihe rationae behind &gnrf￿nt0f urNJsual tranSact￿n$.
In respC￿Se to the risk of irregulawilies and *ith a￿1 regula￿onS, design￿ proc£du￿ wthich
included. but were not limited to..
r¢eiThJ statement di$L*w￿$ to Sup[￿rtIr￿j ￿x￿M￿￿tion.
readiryJ the rninute5 of meetings ol those chai9ed ￿1h g)vemanc£'. and
ewuiring ol managernent as ￿ auual and ￿tential litl9aty)n and
8a5ed orn our understanding of the grtMJP and the indvstry in rt operales. we KIentif￿￿ thatth8 prirKapal risks ol non-
e4Jmplian¢e with Iws and regulatws ￿lated lo the ar£8 by the group. thch were wntrary lo applicable laws and
ulalions irtluéin9 fraud. and we 0)ng¢e￿d the extent to non-CoM￿lance mwJht have a material effect on the
finanoal Stat￿ents. We also rnnsrflered those Iws and r￿UL?110[￿ thal have a direct irnpact ￿ the preparation of the
finanoal statern￿ts such as the Companies A¢1 2(Th. IAÈ ev￿uated manwent's inc•nts"ves and opportunit￿$ for
auéulent manipulab.on of the fin8nrJal State￿r¢t5 IIK4vdiTrJ the risk of override of controls). and delennined that t
prinopal risks were relaled ¢0 wfflated reverw arKI the group's net irKomd(èxpwditurel fof the year.
Audit procedu￿ perf￿rned irnguded:
review of finarKial statement étsdosures to underfwng supportir*J l10alm￿¢t8Iw.
review of Ihe Trnstee Medirs minules. wew of corresw￿dwE with and reports to the wulaior5 where
available, Induding (Y)rr&%p*jnden￿ wth the Ch￿ty CommissK)n."
review ol (y)rr8spondenc& *ith Jegal thsots.'erw]uiws of man&3ertwI and t¢sting of jouma15 and evalLtating
whether Ihere wa5 eviderwx of tMa5 by ihe trustees that ￿￿ented a risk of material m￿tern8nt duè to fraud:
and
revie•4 of revenue recoynised wthin the fin•¢)al siatements was *0 undertaken to ertswé that ineome has
been reec*Jntsed li TMth ￿e¥ant ￿￿?￿￿.1¥j stwdards aThJ to ensure that r8venuè is not materially
0Ve￿tat￿j.
There are inherent linitab'on5 n lh• procedures ¢Jescribe(l the turther removed non-eorrylianeÈ bwth law&
and regUla￿)rtS ts from the events and tran￿￿￿$ ￿ected in the finanrAal statements. ihe le55 we would become
aware of it. Also, lh• risk of not éelecling a maie(ial misslatement due to Iraud ¢s h￿Jher th￿ the rtsk of not detecting one
sutting from errot. as fraud may ddl)erate wncealmenl by, for •x*npl•, forgery or Int￿"on31
rn1sr8pre5enta￿.on5. or 1hrO￿ edlusion.
A fvrther (lesCrip￿rt of our res[￿￿bIl￿.es fiy Ilw of ts ffinan(ia S￿￿[￿Trts is local￿ ¢M the Finanoal Reporting
Council's website at ww.frc.o
.ukJ uditotsres
This de5cWon fomis part ofour wjditorfs report.
10

Hackeryoung
UHY Ha¢*er Yow4 iLP
lé Park
è4D*wham WGI GGA
Chartereé Ac(ovnunts
Lichfield Garrick Theatrn
Independenl Auditor's Report
Year Ended 31 July 2024
ofour r•port
This rep)rt is made solely lo the tharitth Q￿panY'S rnemter5. as a body. in accordance wth Chapter 3 of Part 16 of
the CDmpani85 Ad2006. Ourauditworf¢ has been undertaken sothatwe mvJhtstate tothe duritable Company's members
those matters we are required to state to them in an audrtofs retKJrt arKI for Tr) oiher wrpose. To the fullest extent
Permitted by law. we dc) noi&￿￿t013$$Urne ￿Sp(￿sIblEtytO anY￿e0ther Ihan thethariiablgcornpanyand thechariiable
coryany's memb8r5 a5 a t￿, for ￿￿T th, kn Itss rep)rt. or fr*the ¢¥InK)I￿ we have formed.
Andf•w Timm$ {S*nior Slatutvy Audltor)
For and belmlfthl UHYHacker Ytxry. SlaluWAudrf
Dote.. 3 Mareh 2025
11

LiGhfield Garrick Theatro
Consolldated Statement of Financial Activities (Induding Income and Expenditure Ac¢ounl)
Year Ended 31 July 2024
2024
2023
Totsl
Total
Income and endowrnents from:
Donations and legacies
Charitable actiwties
Other trading aCti￿tieS
Investments
26.959
3.439.716
9.267
36,226
19.009 3.458,725
443,544
,583
29.124
2,888,624
346.398
26.604
.583
Total incorne and endowments
4.CrfXI.802
28,276 4.029,078
3.290.750
Ewnditur¢ on:
Raising fi1r￿S
CharIta￿e activities
264.270
3.430.584
264,270
24.028 3,454.612
197,117
2.846.463
Total expenditur•
3.694.854
24.028 3,718,882
3.043.580
Net 5ncome l {expenditurn)
305.948
4.248
310.196
247,170
Tran5tsr5 belween fund$
Transfer to designated funds
Other rec¢gnis•d gains:
Theatre Tax Rel*f
147.324
147.324
. 190.059
Net mov¢monl In funds
453.272
4,248
457,520
437,229
R•conc511atlon of funds:
Total funds brought forward..
General funds
Desonated fvnds
Restricted fvnds
20
643.261
951.584
643,261
951.584
14.519
14,519
14.519 1,609,364
518,288
641,993
11,854
1.172.135
1.594.845
Total funds carried forward:
General fiJnds
Designated funds
Restricted funds
754.653
20 1.293.464
20
754.653
1.293.464
18.767
18,767
18.767 2.066.884
643,261
951,584
14,519
1,609,364
2.048.117
A total of £465.337 of the net income in tho year has been designated to spend on 0SSonlial
costs in 2024. Total designated funds are £1,293,464 and only £754.653 is available to spend
on ongoing operational costs.
AJI income and expenditure derive from contiwng activriies.
The ststement of fin￿la1 activities includes all gains arKI10s5e$ re￿gnIsed during the year.
notes ￿ pages 16 10 35 form part of Ihese financial statements.
12

Llchfield Garrick Theatre
Consolidated Balance Sheet
Year Endod 31 July 2024
2024
2023
Fixed assets
Tangible assets
13
305.642
57.270
305,642
57,270
Current ass•l$
Stocks
Debtors
Cash at bank and in hand
15
16
6.480
471,629
2.457.179
15.070
402,109
2,476.147
2.935.288
2,893,326
Creditors: amounts fallin9 due within ono ￿lf
17
{1.174.0461 {1.341.2321
N•t curr•nt ass•ts .
1.761.242
1,552,094
T¢)tsl assets less current liabilities
2.066.884
1,609,364
Provisions for liabiliti•s
Net assets
21
2,066,884
1,609,364
Charity Funds
Restricted funds
Unrestn'¢ted funds..
General funds
Des￿nated fijnds
18.767
14,519
754.653
1.293,464
643,261
951,584
Total charity funds
2.066.884
1.609.364
The financial statements were approved and ￿thOriSed for issue by the Board on 3 Mar¢h 2025
&gned on behalf of Ihe board of trustees:
D J Hill, Chalr of the Board
The notes on pages 16 to 35 f￿ part of these finanaal ststen*nts.
13

Llchfield Garrick Theatre
Consolidated Balance Sheet
Year Ended 31 July 2024
Company registrabon numbw.. 07972082 {England and W*sl
2024
2023
Fixed ass•ts
Tangible asset5
Investments
13
14
164,873
57,270
164.875
57.272
Cuffent assets
Debtors
Cash at bank and n hand
16
704.224
2.206.180
578.636
2.243.256
2.910.404
2.821.892
Creditors: ￿Ounts fallin9 due within one yoar
17
11.053,9841 11,306,890)
Net curT•nt assets
1,856,420
1.515.002
Total assets l•ss curr•nt liabiliti•s
2.021.295
1.572.274
Provisions for liabilities
19
Plet assets
2.021,295
1.572.274
Charity Funds
Restricted funds
Unreslricted funds".
General funds
Designated funds
18.947
14.519
708.884
1,293,464
606.171
951,584
T¢)tal charity funds
2.021,295
1.572.274
The financial statemenls were approved aTrJ authorised for issue by the Board on 3 March 2025
Signed on b&h4f of the board of trL*lee$
D J Hill, Chairofth• Board
The notes on pages 16 10 35 fomi part of these financial statements.
Company registralion number. 07972082 (England and Wales)
14

LiGhfield GarrlGk Theatre
Consolidatod Statement of Cash Flows
Year Ended 31 July 2024
2024
2023
Cash flow from opèrating activities
23
177,924
759,8￿1
Net flow from operating activftl•s
177.924
759.8XJ
Cash flow from Investlng act¥vits¢s
Payments to acquire tangible fixed assets
Interest received
{287,475)
119.6471
26,604
Nol u$h flow from investing activlties
{1￿,892}
6.957
Nat incr•o$0 in ¢a$h and ¢ash equlvalents
{18.968)
766,807
Cash and cash •quivalents brougm fornvard
2,476.147
1.709.340
Cash and cash ¢qulvaknts at ¢¥rlod forwanl
2.457.179
2,476.147
Ca$h and cash •quiv¥l•nts con$lsts of:
Cash al bank ￿ in hand
2,457,179
2.476,147
Cash and cash equlvalonts at 31 Juty 2024
2,457.179
2,476,147
15

Lichfiold Garrl¢k Theatre
Notes lo th• Flnancial Statements
Year Ended 31 July 2024
Summary of signifith￿t accounting poIici•s
lal G•nwal inforniation and basis of preparation
Lichfield Garrick Theatre is a charitable company Iwnited by guarantee. regislered in England & Wales.
In the event of the chartty being wwnd up, the liabilty in respect of the guaranlee is limrted to £1 per
member of the charity. The addres5 of the registered office is gwen in the legal and adrninistrative
informats.on in these finan¢ial stslements. The natu￿ of the charity's operation5 and principal activities
are that of a theatre.
The charity constitutes a public benefit entity as defined by FRS 102. The financ￿1 statements have
been p￿pa￿d in accor(lan¢e with Accountsng and Reporting by Charities". Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Finan¢i81 Reporb'ng
Stsndard applicable in the UKand Republic of IrelarKI IFRS 1021. Ihe Charits"esAct2011. tho Comp•ies
Act 2006 and UK Generally Accepted Praclice.
The financial ststements are prep8rei1 on a going concem basis under the historical cost convention.
The financial statements are presented in Nthich is the f￿r￿tional currerKy of the tharity and
r(yunded lo the nearest £.
The stgnrf1￿I accounling poliaes applied in the preparation of these financial stslements are set out
below. These policies have been consistenyy applithfj to al years ￿esented unless olhewse ststed.
{b) Funds
Unrestricted fvnds are available use at the thscretion of the trustees in (￿elance of the general
objectives of the charity and which have not been designated for other purposes.
Designated lunds compnse Unre￿Ied funds that have been set aside by the injstees for particular
purposes. The aim and use of each deggnated fund is set out in the notes to Ihe financial statements.
Restricted funds are funds wh￿h are lo be used in accordance with specifi¢ reslricb.ons imposed by
donors or %thich have been raised by the charity for pa￿"Cular purposes. The cost of raising and
adrninistering such funds are charged against the specffic fund. The aim and use of each restricted fund
is set out in the notes to the finanrAal statements.
1¢> Ba$1$ of ¢onsolidalion
The finanaal statements consolidate the resulls of the company and ils vA)olly owned subsidiarigs
Lichfield Garrick {Green Room) Limited and L￿hfield Garrbck Productions kn"mited on a line by line basis
as required by FRS 102.
The company has tsken advantsge ofthe exemplion contsined wthin section 408 ofthe Companies Act
2006 not to present its own income and expenth'lure aCco￿L
Id) In¢om& r•cognlllon
Al incoming resources are induded in the Statemenl of Financial ktiv[t￿$ ISOFAI when the charity is
legally entitled to the income after any performarKe conditions have been met. the amount can be
measured reliably arKI it is FwobatAe Ihal Ihe income will be received.
VoluAtary income indudes all d￿31￿)n$ aThJ gifts thatare ofa general nature. recognised on a receivable
basis.
16

Lichfield Garrick Theatre
Notes to the Financial Statements
Y•ar Endod 31 July 2024
Incoming resources from charitable acts"wts"es include5 all incorne deriving from theatre performa￿￿$
provided lo the company's beneficraries and performance related grants received under ￿ntraCt. As the
company has cullural exemption status for VAT. most tr*)x office receipts ère exempt from VAT.
Income from Irading 8¢1ivities IN9￿Je$ income earned from Trjndraising events and trading actimlies lo
raise funds for the chartty. Income is received in excharoe fcf supplying good5 and services in order lo
raise funds and is recognised bthen entitlement has occurred.
Income from govemment and other grants are recognised at fair value when the charity has entitlement
after any perfomance condi¢ions have been met, it is probab￿ that the income wll be ￿Ceived and the
amount can be measured reliabty- If entiuement is not met then these amounts are deferred.
Other income includes Theatre Tax Relief vhch is re￿nised Nthen the charity becomes entilled lo
receive the fvnds.
(e) Exwnditurn recognltlon
Al expenditure is accounted for on ￿ accruals basis arKI has been ¢Lgssified under headings Ihal
aggregate all costs related to the calegory. Expenditure is ￿e0￿nised where there is a legal or
constructive obligation to make payments lo third parb"es. it is [￿ba￿￿e that the setuement will be
required and Ihe amount of the obli9ation can be measured ￿11abty. It is calegorFsed under the foll¢)wing
h¢adings'.
Costs of raising funds ind*Jdes costs diredly attribulable to Ihe operation of the Green Room., and
Expendilure on charita￿e activities indudes those costs attributab￿ to the operatson of the theatre.
Irrecoverable VAT is charged as an expense aga1￿1 the acimty for which expenditure arose.
{n Support costs allocation
Support costs are Ih05e that 3ssist the of the Charity but do not directly represent charitable
actiwties and indude office costs, govemance costs. and administrative payroll costs. They are incurred
directty in sUPPOrt of expenditu￿ on the obj'ects of the charity. Where support costs cannot be direcuy
attributed to parb'cular headings they have been allocated to cost of raising fijnds and expenditure on
arilable activib.es on a basis congstent with use of the resources.
The anal￿.$ ofthese costs is Ind￿le{l ￿ rnte 7.
Igl Tanglble fixed assths
Tangible fixed assets are stated at cost (or deemed cost) or valuation jess accumulated depreciation
and accumulated impaim)ent losses. Cost includes costs dire¢Uy attributable to makin9 the asset
capable of operating as intended.
Depw¥atron is promded on all tangib￿ fixed assets, at rates calculated to vmite off the cost. less
eslimate(I residual value. of each asset on a systematic basis over its expe¢ted useful life as follows..
Land and buildiros
Equipment
FiXtu￿S and fittings
Softrtsre
- reduong balance or straight4ine over the term of the lease
- 50Yo reducing balan￿ or straNJht-lirte over 5 yea
- reduong batance or straighl-line over >10 years
- 33% redLKing balance or 5traight-line over 3 years
A full year of depreaation is charged in the ye¥ of acqui%tion with Th) depreciation charged in the year
of disFx)sal.
17.

Lichfield Garrick Theatre
Notes to the Financial Statements
Year Ended 31 July 2024
(h) Stock5
Stocks are ststed at the lower of cost and estsmated selling price less costs to complete and sell.
Provision is made for damaged. obsdete and slow-moMNJ stock vthere appropriate.
(i) Oebtors * credilors rK•ivable I payablo within one year
Debtor5 and creditors with no ststed inleresl rale aThJ receivable or payable within year are recorded
al tr￿S8¢110n price. Any losses arising fr￿n impayment are recognised in expenditure.
til knpairni•nt
Assets not measured al fair value are reviewed for any indication that the asset may be impaired. If
such indication exists. the reCOvera￿e amount of the asset. or the asset's cash generating unil, is
estimated and compared to the caryng amount. Where the carryww amount exceeds its recoverable
amount. an impairment loss is rectranised in profft or k)ss unless the asset is carried at a revalued
amount where the imp￿Tment105$ is a revaluab.on de¢rease.
Ik) Provisio
Provisions are recognised when the charity has an ot4igats.on at the balance sheet dale as a result ol a
past evenL it is probable that an OLrtnow of economic benefits will be required in settlement and the
amount can be reliably estimated.
{1) Leases
Rentals payable and receivable under operating leases are charged lo the SOFA on a Stra￿ht-lIne basis
over the period of the lease.
{m) Employee benefits
When emKAoyees have rendwed Servi￿ to the charity. short-term ernployee benefits to sthich the
employees are entitled we recognised at the undisctsjnted am¢)unt expected to be paid in exchange for
that se￿iCe.
The charitable company and its subydtaries operated a defined benefit scheme operated as a re5uII of
the TUPE wulab'ons fdlo*MThJ Ihe charity taking over the njnning of the theatre from the Council from
1 February 2013. The scheme is r￿t open to new members of staff subsequenl lo that date. The final
eligible employee resigned during the prior year.
The assets of the scheme are held separately from those of the gff)up in independenty administered
funds. The Trustees are unable lo confirm the charity's Sho￿ of undedying assets and liabilrties of the
defined benefit scheme and therefo￿ the scheme is accounted for as a defined contribution scheme.
Contributions payable to the Charitab￿ company's pensM)n scheme are charged to the SOFA in the
period lo whth they ￿late.
In) Tax
The charity is an exe￿￿1 charity With￿ the ffleany￿ of schedule 3 of the Chantres kt 2011 and is
considered to pass the tests set in Paragraph 1 khedule 6 Finance Act 2010 and therefore it meets
Ihe definiti¢)n of a charitable company for UK.corporalK)n tax w.rp_oses. The subS￿larieS are chargeable
to corporation tax on th￿"r taxable profits.
18

Lichfield Garrick Theatre
Noles to Ihe Financial Statsments
Yoar Endod 31 July 2024
(ol Golng concem
The financial statements have been p￿Pared on a going ¢on¢em basts as the trustees believe that Ihe
theatre has suffieient govemmentsl supwrt and reserves to continue. The trustees have considered the
level of funds held and the expeeted level of Income and expenditure for 12 months frorn authorising
these financial statements. The budgete(l income and exwditure ts sufficient V•ith the level of reseNes
for the charity to be able to conb.nue as a gcrfng concern.
Ip) Judg8m•nts and key sources of estimation uD¢ertainty
There have been nojLwJgements (apart from those involw.ng estim8lesl made in the process of applying
the above accounfing policies that have had a significant effect on amounts recognised in the financial
statements.
There are no key assumptions corrEming the fvture and other key sources of estlmation uncertainty al
the reporting date that have a significant risk of causing a maleri318djustmenl to the ¢arrying amounts
of asseis and liabilities wlhin the next financial year.
In¢omo from donations and l•gaci•s
2024
2023
DonatK)ns
36,226
29.124
36.226
29.124
Income fr(Mm donations and legacies was £36.22612023- £29.1241 of which £9,26712023- £4,966)
was attributsble to restricted and £26,959 (2023- £24.1581 vrds attributable to unrestrKled fvnds.
19

Lichfiold Garrick Theatre
Notes lo the Financial Statements
Year Ended 31 July 2024
Incom• from charitable activitses
2024
2023
Prc4Ju¢tK)ns
Technical. marketing & ￿)0￿"n9 fees
Theatrelroom hi
Retail Commissi￿ & vouchers
Grants
Lichfield Disknct Councyl strategie p*theTship agreement
Memberships
Other
2.670,715
458.159
129,085
16,700
19,508
133,333
6,874
24.351
2.222.876
354,593
75.445
14.985
9.547
190.000
4.953
16,225
3.458.725
2,888.624
Grants received. inckKled in the above. are a5 follovts:
2024
2023
Lichfield District Council- Warm Spa
Other grants
19,508
6.047
19.508
9,$47
Income from charitable activities was £3.458.725 (2023- £2.888.6241 of whKh £19,CQ912023-
£9,047) wa5 attributsble to ￿SIn"¢Ied and £3,439.71812023 - £2.879,577) VAS attributable lo
Un￿striCted funds.
In¢om• from oth•r trading activiti•s
2024
2023
Sporwrships
Green Room trading income
12.975
430.569
19.408
326,9
443.544
346.398
Income from other trading actrvities was V*holly attribjtable to unre5trKled fun¢Js.
Income from investrnents
2024
2023
Interest- deposits
).583
26.604
J.583
26.604
Income Irom investments was wholty attributable lo unresknded fuTrJ5.
20

Llchfield Garrlck Theatro
Notes to the Flnan¢ial Stslements
Year Ended 31 July 2024
Analysis of ¢xp•nditure on ¢haritable a¢ti¥iti•s
2024
Activities Supwt costs
urKlertaken
Totsl
Theatre
3.211.313
243.299
3.454.612
3.211.313
243.299
3.454.612
£24.028 of the above costs %*ve attributabk to reslri¢ted fvnds. £3.430.W of the above costs were
attributsble lo unrestricted funds.
2023
£bwties SupFLYI Costs
undertaken
direcuy
Totsl
Thea
2.694.058
152.425
2.846.463
2.694,058
152,425
2,846.463
£11.348 of the above costs were a￿lbutab1e lo reStr￿ted fiJrKls. £2,835.115 of the above costs were
8ttributsble to unrestricted fvrKIs.
AIIoGation of Support ￿$ts
Support cost- 2024
Basis of
allocabon
Raising
funds
Theatre
Total
Governan￿ (note 81
Finance
Infom)alion technology
Oepreciabon
Health and safety
Pension contributions
Utilities
10.384
16.￿1
67283
6.289
11.042
37,731
6.290
18.796
95.868
77,667
22.790
11,042
39,103
6,2
19.666
109. 132
1.372
870
13.264
Total
42,391
243.299
285.690
The support costs for utilities for raising fijnds are made up of the overheads apportioned and
recharged to Green Room based upon the percentage of floor s￿e occupied within the sha￿d
premises by the Green Room. The £42,391 of support costs allocated to raising funds is included
within total expenditure on raisw furKls of £264.270 on the face of the Statement of Financial '
Activi1￿$ on page 12.
21

Uchfield Garrick Theatre
Notes to the Financial Statements
Year Ended 31 July 2024
Support cost. 2023
Basis of
alIc￿tiOn
Raigng
Jnds
Theatre
Total
Govemance Inole 8}
Finance
Infoiniation technology
Depreciation
Health and safety
Pension ¢onlributions
Ub'11t￿S
4.615
8.356
30,671
35,286
13.696
15.701
22,801
6.2g)
15,755
63.843
15.701
22,801
6.290
15.295
56,327
460
7.516
Total
20.947
152,425
173.372
The support costs for ulilities frx raisww funds are made up of the overhearjs apporboned and
¢h8rged to Green Room based upon the percentage of floor space occupied ￿thin the shared
premises by the Gieen R(￿rn. The £20,947 of suppth1 cosls all￿ted to raising funds is Included
within total expendrture on raising fvnds of £197,117 on the f￿e of the Staternenl of Financial
Activities on page 12.
Gov•rnan¢e costs
2024
2023
Audrtorfs remunerat
Legal and professi¢)nal fe9$
10
19.670
57.997
18,3
16,896
77.667
35,286
Net incom• lor th• y•ar
Net income is ststed after chwging:
2024
2023
Oepreoation of tangible fixed assets
39.103
22,801
Hire of plant and eq￿￿￿nI
21.668
19,735
22

LiGhfield Garrick Theatre
Notes to the Financlal Statements
Year Ended 31 July 2024
10 Auditor's rernuneratlon
2024
2023
F8es payable lo the chwity's auditor for the audrt of the ch*rty's annual
accounts
10.3
9.620
F88s payabk to the charity's auditor for other se￿￿..
Audi( of the charity'$ Subs￿larieS
Taxatson advis
Accwntancy
4,320
1.600
3.450
9.370
4,030
1.500
3.240
8,770
Total audilorfs reffluneralion
19.670
18.3
11 Trustees. and key m•nag•m•nt p•rsonnel remunerntion and •xp•ns
The trustees wther received r￿r waNed any remur￿allOn during the year12023- £nill.
The totsl am¢xmt of employee beneffts rer*ived by key rn￿￿ent personnel is £374,271
2023 - £321,975). The TnJst considers its key management personnel compromise the Chief
Exe￿tIVe Offi￿r and department heads.
£169 was reimbursed for direct￿ incurred travel expenses to one tru5tee12023- £nill.
12 Staff costs and employee benefits
The average fflc￿thty number of employees during Ihe year was as follov6:
2024
Number
2023
Number
Raising funds
Ch8ritsble activilies
19
14
75
70
23

Ll¢hfield Garrlck Theatre
Note$ to the Financial Statsments
Year Ended 31 July 2024
12 Staff costs and •mployee benellts l¢ontinu¢d>
The lots151aff costs and emF4oyees beneffts were as follows:
2024
2023
Wagès and salaries
Social security
Pension costs (note 23}
1.072.687
72.801
19.666
877,999
61.372
15.755
1.165.154
955,126
No employees received lolal employee benefits lexcludry wnployerfs national insurance and
employer pension costs) of rnye than £60.CiIO.
13 Tangible fixed assets- fxoup
Larbj Fixtirts
bAdiws
aTrY Ihts"r¥J5
Total
Cost or valuat￿n..
Al l August 2023
Additions
At 31 July 2024
59.137 256.786
144.577
117.165
203.714
373,951
95.160
8.932
104.092
11.510
16.801
28.311
422,593
287,475
710,068
Depreoalion:
At 1 August 2023
Charge ffx the year
At 31 July 2024
25.869 239.635
2.515
31.664
28.384 271.299
88.309
4.924
93.233
11,510
365.323
39.103
404,426
11.510
Nel bty)k value..
At 31 July 2024
175.330
102.652
10.859
16.801
305,642
Al 31 July 2023
33,268
17.151
6.851
57,270
The net tsjok value of land arKI buildings comwised:
2024
2023
Land
Long leasehold improvements
26.000
149,330
26.000
7,268
24

Lichfield Garrick Theatre
Not•s to the Financial Statements
Y•ar Endod 31 July 2024
13 Tangibl• f￿•d assets {continued)~ Charlty
ry5
Total
Cost or valuation:
At 1 August 2023
Add￿On$
At 31 July 2024
$9.137 256.786
11.367
117.165
70,SM 373,951
85.421
6.950
16.801
23.751
408,294
145,333
553.627
85.421
Depreciation:
At I ALFgust 2023
Charge for the year
At 31 July 2024
25.869 239.635
2.514
31,665
28.383 271,3(K)
78,570
3,551
82,121
6,950
351,024
37.730
388.754
6.950
Net book value..
At 31 July 2024
42.121
102.651
16.801
164,873
At 31 July 2023
33,268
17.151
6,851
57,270
The nel trx)ok v81ue of land and buiklings comprised:
2024
2023
Land
Long leasehold improvements
26,000
16.120
26,000
7.288
14 Flxed A$s•t In¥￿¢M9nts- Company
Shares in
group
un¢Jertakn'ng$
Cost or valuation:
Al 1 August 2023 & 31 July 2024
Net btr)k value".
At 31 July 2023 & 31 July 2024
There We￿ no inestment assets wlgde the Ulc
The charitable company owns Ihe entre share capital of Lichfield Garrick (Green Room) Limited and
Lichfield Garrick Productions Ltmited. companies an￿rporated in England and Wales.
The principal activty of Lichfield Garrid( (Green Rwml knmited is the operation of the restaurant and
barfacilities at Lichfield Garrick Theatre. At 31 July 2024 Ihe c(Nnpany had net assets of £32.411 12023..
£37.100}.
The prinopal activity of Lichfield Garrick Productions Limited is that of a theatre production company. At
31 Juty 2024 the company had net assets of £1 12023- net assets of £11.
25

Lichfield Garrick Theatre
Notes lo the Financial Statements
Year Ended 31 July 2024
15 Stocks - Group
2024
2023
Green Room
15,070
6,480
15.070
Green Room sttxk held is for raiswlg fuTrJs. The Tratre ¢kns not hold stock.
16 Debtors
2024
Group
2024
Charity
2023
Group
2023
Charity
Trade debtors
Prepayments WKI acuued income
Olher debtors
Amounts owed by subsidiaries
8.676
441.093
21.860
8.676
72.727
21.860
600,961
16,079
329,777
56,253
16.079
59,402
56.253
446,902
471.629
704.224
402,109
578.836
17 Creditorn: affl(¥unts falling due within on• ye
2024
Group
2024
Charity
2023
Group
2023
Charity
Trade creditors
Accruals and deferred income
Other creditors
S¢XI81 security & other tsxes
64.021
1,029.934
46.439
33.652
195.833
1.063.511
43.913
37.975
187.965
1.046.157
43.460
29,308
922,973
46.439
1,174.046
1.053.984
1,341.232
1,306,890
18 L•as•s
Operating leases- lessee
Totsl futu￿ minimum lease payments under non-wKellable operatin9 leases are as follows..
2024
2023
Not later than one year
Later than and not laler than fve years
4,803
9.233
5,179
13.659
14,036
18.838
26

Lichfiold Garrl¢k Thoatr•
Notes lo th• Financlal Slatsments
Year End•d 31 July 2024
19 Deferred income
Totsl
At 1 August 2023
Amount ￿leaSe￿ lo the SOFA during the year
Amount deferred in the year
949.350
{938,8501
843.464
At 31 Juty2024
853,964
The amount deferred in the year relates to theatre shows that have occurred after the year end.
27

Ll¢hfteld Garrl¢k Th¢atre
Notes to the Flnancial Statements
Year Ended 31 July 2024
20 Fund reconciliation- Group
Unrestrict•d funds- 2024
Balance
at
1 August
2023
Balance at
31 July
2024
IrKome Expenditure Transfers
gains I
(losses)
Genwal fund
643.261
4.IM.802
(3.571.397) {465.337) 147.324
754.653
Deslgnat•d
funds:
Theatn"cal
equipment ftjnd
288,857
{288,857)
Business
development fiJrKI
(30.000}
Production
development fund
(9).000)
Legal expenses
fund
39.O¢XI
(14.000)
25.tKo
Repairs arKI
renewals fijnd
102,132
47.868
150.000
Arlisticlcommunity
developments
fund
85,323
{10.3231
75.000
Book value of
fixed assets fvnd
31.272
139.103)
194.966
187.135
Green Room
refvrbishment
fund
25.000
{25,000)
Capitsl
developments
fund
3CX).O(X)
{84.354)
640,683
856,329
1,594.845 4.(M)0.802
13.694.854)
147.324
2.048,117
28

Lichfiold Garrick Theatr•
Notes to the Financial Slat•ments
Year Ended 31 July 2024
Unrnstri¢t¢d fvnds- 2023
Balance al
1 Augusl
2022
Other
gains I
Ilossesl
Balance at
31 JLtIy
2023
Inc(Mne
Eyndilure
Transfers
General fund
518.288 3,276.737
(2.931.854) (409.9691 190,059
643,261
Designatod fvnds:
Theatrical
equipm¢nt fund
(7.526)
288,857
Business
development
fund
30.0
30,000
Production
development
fvnd
50.000
Legal costs
fund
39,000
Repairs &
maintenance
fund
58.370
(6.238)
,000
102.132
Education &
ommunty fund
53.815
153.815)
85.323
85,323
Economie value
of capitsl assets
esignaled to
future periods
34.425
122,799)
19,646
31.272
Green Room
refurtsshment
fund
25,000
25.C￿0
CaFylal
improvements
fund
110.000)
255.OCKI
0,0
1.160.281
3.276.737
{3.032.2321
190.059
1.594,845

Lichfield Garrick Theatre
Noles to the Financial Statements
Yoar Ended 31 July 2024
Restricted funds- 2024
Baance at
1 August
2023
Other
gain5 1
{lossesl
Balance al
31 July
2024
Income Expenditu￿ Transfers
Caption
Campaign
69
Swinfen Broun
Charitable Trust-
Lrft
2.500
Mary Slatw-
4,(XlO
4.000
Edwar(I Cadbury-
Lift
4.IXIO
4.000
Sebbie Hall
lfjndness
Fwndation-
family tickets
(500)
Communty
Foundation of
Staffordshire-
Garrick 20
{1.LKKI)
The Community
Foundation of
Slaffordshire-
Ukrairian film
1.545
{1.545)
Family tickets
De￿rnI)er 2023
170"
(170)
Garrick 20
proJe¢ls
735
(735)
Conduit Lands
Trust- GarrKk
Youth Theatre
3.CKIQ
Noel swe￿￿Y
Foundation -
Fam) Boy Venue
Tour
{2.¢JXI)
Customer
donations for
Family b"¢kets-
December 2023
7.849
{7.849)

Lichfield Garrick Thoalr¢
Not¢$ to the Financlal Statements
Year Endod 31 July 2024
Customer
don8b.ons for
Family tickets -
Dewnber 2024
433
Arts and Travel
Limited - tlonation
for Family Tickets
Dec 2023
(8￿)
g Ticket Appeal
185
185
seb￿.¢ Hall -
access
perform8n¢es
500
Sebbie H811-
Christrnas Ticket
Appeal December
2023
(s￿)
Holiday Acliwties
Fund
3.009
(3.(#)9)
Theatre's TnJsl-
Hearing Loop
{5.(KKII
Burnh￿￿d
Project
1920)
4.080
14.519
28,276
124.028)
18,767
31

Uchfi¢ld Garrick Theatre
Noles to the Financial Statements
Year Ended 31 July 2024
Restricted funds . 2023
Balance at
1 August
2022
Other
gains I
(Ios5esl
Balance at
31 July
2023
Ir￿ Expenditu￿ Twsfers
Rathbc
Trust l McLay
1.285
{1.285}
Caption
Campaign
69
Swnfen Broun
CharIta￿e
TnJst- Lift
2.500
2,500
Mary Slaler-
Lift
4,000
4.000
Edward
Cadbury- Lift
4.000
4.000
Wam Space-
Lichfidd
Community
Lottery
1.0)0
(1.OCM)I
Warm Space-
City Council
{2.9)01
Warm Space-
Donation5
3.386
(3.3861
Sebbie Hall
Kindness
Foundation-
family tickets
{￿1
500
Community
Foundation of
staffordshi￿-
Garrick 20
1,000
The
Community
Foundation of
staffordshi￿-
Ukrainian film
1.545
1.545
Swnfen Broun
Charitsble
Trust-
chitect
Design
12.(MXI)
32

Lichfield Garrick Thealre
Notes to the Flnanclal Statements
Year Ended 31 July 2024
Family tid(ets-
December
2022
(59))
F￿nIlY tthets -
December
2023
170
170
Garrick 20
projects
735
735
Sponsor a
Costume
(Wifid in the
Willows)
127
1127)
11.854
14.013
(11.3481
14.519
Fund des¢riptlons
Restricted funds
The Caption Campaign fijnd blere don*iMs raised to s￿r￿￿t captioned perforniances.
Mary Slaler. Edwar(J cadtr￿Iry and &¥infen Broun funds were grants raise(I loward5 the wrchase of a
new platforrn li
Sebbie Hall lQndness Foundalion - family tid(ets- was a ￿ant towards the Chrisbnas ticket appeals for
2022 and 2023 which offers tickets via local charities to children and young people who would not be
able ￿ attend wthout a free licket.
Community Foundaticn of Staffordshire - Garrick 20 projects - was a grant towards Garrick 20 -
programme of community projects. school projects and work.
The Community Foundab"on of StaffordshI￿ - Ukrainian ffilm projed - was a grant from the New
communib.es Resetdement Scheme towards the screening of films dubbed in Ukranian for Ukrainian
refvgees.
Family tickets- December 2023 - We￿ customer donab.ons towards the Christmas I￿ke1 appeal which
offers tickets via local charities to chiklren and yourtsJ peopk would not be able lo attend without a
free ticket.
Garrick 20 Prq'ects-were customer(*)nations towards GaThi¢k 20-a programme ofctxnmunily rxoiects.
school projects and wor* placements in celebration of the Garrick's 201h birthday.
Conduit Lands Trust - Garrick Youth Theats - a grant tovrards the operation of a Youth Theatre in
L￿hr1eld.
Noel Sweeney Foundation - Fwm Boy Verm* Twr -
production of Fami Boy.
grant towwds the Community Tcmjr of the

Lichfield Garrick Thoatro
Notes lo tho Finandal Statements
Year Ended 31 July 2024
Cuslomef donations for Famity tickets - December 2023
were customer donalions towards the
Christmas tithel appeal which offers tickets via k>cal charities to children and youn9 people who would
not be able to attend wihout a free tickeL
Customer donations for Family b"¢kets - December 2024 - were customer donations towards the
Christmas ticket appeal which olfers bckets via local charibes to children and young peorAe who would
not be able to aitend ￿oUt a free ttheL
Arts 8nd Travel Limited - donation for Family rtckets Dec 2023 - a corporate donation towards the
Christsnas ticket appeal which offers tthets via bocal charitses lo Child￿ n and young people who would
not be able lo attend wlhout a free ticket.
BVJ Tickel Appeal - customer donabons tovrdrds the 8￿ T￿et appeal which offers tickets via local
charities to people vtho vA)uld not be able to attend will¥xrt a free tickeL
Sebbie Hall- access perfomarhces- a grant to sUp￿t the provision of access perfomiances.
Sebbie Hall- Christmas Tickel Appeal [)e￿rnber 2023- a grant towards the Christmas tickel appeal.
Holiday Actiwties FurKI- a grant towwds the wovision of holwjay ￿tivitIeS for young people.
Theatre's Trust - Hearing Loop - a grnnt towards Ihe Purd￿Se of a new hearing loop for the main
auditorium.
BUM￿ Project- a gfanl towards an arts con5uiiatton in 8umlwcrfxJ and the promsion of pilot activity.
D•signat•d fund5
The deggnaled funds represent aloCatic￿S of ger￿al hJnds to allow for leg81 expenses. repairs and
renewals, Arb'stKIC￿ml￿Ity Developments and Ca￿tal Developnents.
The book value of fixed a5set5 rep￿sents the net ttsx& value of the Charty's fixed a55els. excluding
land, lo be depreciated Ihrough the Statement of Financial ALtsvities in futu￿ accounts.ng periods across
their useful economic life_
L￿ring Ihe financial year. the tharity's bowd of trustees approved the ren￿1￿ of several desvjnaled
fvnds to better refiect their intended PLwposes. The thanges are as fol¢)ws:
The'Legal costs fund" has been renamed lo the"Legal expenses fvnd".
The'RepaiTS & maintenance fund. has been renamed to the"Repairs and renewa15 fvnd..
The "Education & community fund. has been renamed to the "Artistidcommunity developments
fund..
The'Economic value ofcapital assets designated to fvture wiods" has been renamed to the"Book
value of fixed assets fvnd..
The'capital improvements fund" has been renamed to the"Capilal developments fund".
General fvnd
The general fvnd represents unrestricted fijnds availab￿ to cover ongoing oFer*ional expenditure.

Lichfiold Garrick Theatre
Notes to the Financial Statements
Year Ended 31 July 2024
21 Anatysis ol not assets b•twwn fund5
un￿Stricted
fvnds
De&gnaled
fijnds
Resln"cted
fijnds
Total
Fixed as5els
Cash at bank and in hand
Current assets
Current liabilities
Total
305,642
1.144,948
478,109
11.174.046)
754,653
305,642
2,457,179
478,109
1.174.046)
2.066,884
1.293.464
18.767
1.293,464
18,767
22 RKonciliation of net incorno to net flow from oper¥tin9 activities
2024
2023
Net income l (expen(Jiturel for yew before transfers between funds
Interest o¢eNable
Depreuation impairment of tsngt4e fixed assets
Prowsions less payments
{Increasel I deC￿35e in stod
(Inc￿3$e1 I de¢rease in debt￿$
Increase I Idecreasel in creditors
457.520
I￿.583>
39.103
437,229
126,604)
22,802
(3,5561
{2CK1,8551
530.834
169,5201
1167,1861
Net cash flow from operating acti￿tieS
177,924
759,8
23 P•Thsions and oth•r pos*￿*t1r¢Meftt bon¢fits
The charity operates ￿1h a defined contribulion and a defined benefit P￿s1on plan for ils eM￿oyeeS.
(See note 1lml for details). The defined benefit pensron plan was only open to TUPE employees and
the final eligible employee re￿gned during the year ending July 2021.
The amount ￿cOgnised as an expense in the perTod was £19.66612023 - £15,755),. £19,686 {2023 -
£15.7551 for Ihe defined contribub.on ￿heme and £nil12023- £nil) for the defined benefit scheme.
The defined contribulion liabilty is alkncated to unreslrthd funds.
Capital Commitrnents
As at 31 2024 the tyoup had eontsacted to leasehc4J improvements amunting to £646,962.
As at 31 Juty 2024 the charity had contrxled to leasehold improvements amounts.ng lo £155.289.
25 R•latad party trans•¢tlons
The group has taken advantage of the exemW'on for the ￿quIrernents lo disck)se transactK)ns wtlh
group comparmes eliminated on conscAidab"on.
The Council [￿vide$ fvnding to the Theatre and had LDC CoUr￿lI10rS serving as Trustees, but in a
private capacity (non-￿preSenlats.veI. In the year to July 2024. the Theatre received £nil12023- £3.5001
in Warm Space5 grantfunding arKJ £133.33312023.. £1￿,000) under a strategic partnership ag￿emenl
The Theatre purchased marwd ser￿CeS and othernon-5tandard services from the Council amunting
10 £6,29012023- £6,290).
35