Company Registration Number 079720821England and Wales) Charity Number 1147697 LICHFIELD GARRICK THEATRE (A company limited by guarantee) REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 11111 *AEWR303• 30101r2026 cC￿PANIEs HOUSE #103 Llchfield Garrick Theatre Financlal Stslements Year Ended 31 July 2025 Contents Page Charity Reference and AdministratNe Details Trustees, Annual Report Independent Auditor's RepcYt Consolidated Slalement of Fin￿claI Acbvi*es Ilnduding Ir￿me and Expenditu￿ Account) 12 Consolidated Balance Sheet 13 Charity Balance Sheet Consolidated Statement ol Cash Fk)ws 14 15 Notes lo the Financial Ststements 16 Lichfield Garrick Theatre Charlty Reference and Adrninistrative Detalls Year Ended 31 July 2025 Charity registration nUM￿r 1147697 Company reglslr*ion numbor 07972082 IEThJland and Wales) Trustees D F Baker (resigned 26109120241 D M Baker J M BeaUMc￿t AC Farrell lappc4nled 26109120241 A Graee Ires@ned 25109120251 N E Haslam DJHill N Pankn"_Amoa S C Price ELRyan E R Shouler S Tayk)r Chief Ex¢cutlv¢ Offi¢•r DJ8￿yd Registered offic• Lichfield Garrick Castle Dyke Lichfield Staffordshire WS13 6HR Auditor UHY Hacker Young 14 Park Row Notb"ngham NG1 6GR 8ankers HSBC 49 Market Street L￿h￿Id Staffor(Sshire WS13 6L8 Lichfield Garrick Theatro Trustees, Annual Report Year Ended 31 July 2025 The Trustees present their report and the audited financial statements of the tharity for t￿ year endod 31 July 2025. The Trustees have adopied Ihe provisions of the Statement of Reu)mmended Practice ISORPI "Accounting and Reporting by Charities- (FRS 1021 in preparirKJ the annual report and financial stslements of the charity. The financial statements have been prepared in accordance wilh the accounting pol￿￿e5 set out in notes to the accounts and compty with the charity'5 goveming document. Ihe ch8rib.es Act 2011 and Accounting an(J Reporting by Charities.. Statement of Rècommended Practice applicabltr tr& tha￿tièS preparing thèir accounts In accordance with the Financial Repwkn"ng Standard appth"catAe in the UK arKI Republ￿ of Ireland se¢orvJ edibon published in October 2019. Trnsteès of the ¢h4rlty The directors of the ¢haritsble ￿mpanY a￿ its trustees for fv purFoses of Charty law. The trustees who have served dunryJ the year arKI since the year Ènd were as fdk)ws'. D F Baker IresKJr*d 26109120241 D M Baker J M Beaumont A C Farrell lappointed 2610912024) A Grace I￿Signed 2510912025) N E Haslam D J Hill N Panti-Amoa S C Pricè ELRyan E R Shoulgr S Taylor Objectiv•$ and aclivibeg The objective5 and aims of the Charity are thè advancement of th8 arts for the ber*éfit ofthe public. in particular through the operation of the Lichfield Garri¢k ￿atre and the advarL¢•m&nl of edu¢abon in relation to the arts for the benefit of the public. Public benefit stat•m•nl The Trustèès sèt and plan activib'es havirvJ regard to the Charity commissi￿.$ guidance on public benefrt. including the guidance on ad￿SsiOn charges to progranmnè events. Aehl•v•ments and perfornMn¢o 202412025 was a year of transf0m￿liOn and achieven*nt for the Garrick. -Like-many-non-"metropolitan,"no￿-A.CE-fUn￿ed-thealre$. Lichfield Garrick. built in 2(K)1 wth a 560-seat th8atre and 150-seat studio. was operated by Lichfield District Council Wore becoming an independent charity in 2013 and then seeing its lo¢al authorty funding fall over the next de¢adè to just 2% of turnover. However, the Garrick exemplifies the resiller￿e of many smaller theatres, meeb.ng current sector challen9eS Wlthoul public 5ub5idy or the trading advantsges ol larger seating capacities, but reliant instead on Inmvation. daterminalion. and community focus to thrive. Dunng 202412025 this saw sorm extraordinary achievements.. Li¢hfi¢ld Garrick Theatre Truslees. Annual Report Yeor Ended 31 July 2025 us on audiences- We completed a £1m front-ofthouse refurbishment, kn(Jed ents.rely from ieseNes, launch8d a website and won Midlands Marketing Awards for Best Use of Data and Small Budget Impact. We also in¢reased our annual Programme to 463 perf0mla￿es, welcoming 141.318 audience membeTS174% capacity) and saw advance bookings al the end of the accountin9 period rising sharply a5 investments in programming and visitor experience began lo deliver. With a focus on communib"8s 8 le We delivered 4,391 trK)urs of ¢reative activity and distribufed 2,885 free licke15 to ¢ommunty groups, including refugees and migrants in partnership wrth Cty of Sanctuary. We worked with 3.981 young peopl8 in schools, colleges and through a ne￿Y laU￿hed Youlh Theatre, expanding access lo creativity for the next generation. We a150 lead a collaborakn.on with local authorsties and multiple volunlary organisations that raised £380,C4)O to launch a three-year arts propct in Bumh¥ood- a former mining 5elUemenl where 64% of residents report no ojltural eng•Jemenl. With a locus rodvth" We toured Michael Morpurgo's Farm Boy to 32 UK venues,. we continLJed producing one of tho UK'S most popular pantomimes. delivering 80+ performances to 42,617 people190% capacity): and we announc8d UK emiefe an¢J mid-scale lour of thtr hbt musical Disenchantedl further strengthening our nationa1 rgputatKsn for ambition and originality- With a focus on stsff & volunt Together with our team. we cO-c￿ated a new set of organisab.onal values that refled a culture of collaboration and purpose, and our latest Staff Survey achieved 88% parb"cipation and 92% satisfaction. demonsirating high morale and shared commitment to our rrission. nvir ntal sustainabil. We invested £168.000 to install low-energy lights"ng. ygnificanty ¢uiting elg¢tri¢ity use in this area and embedding sustainabitity at the heart of ow Operab"￿$. An Working with L￿hfiekY Oistrict Council, we undertCA)k a capital feasibilty St￿lY lookirg at oplions for increasing seatsng ¢apa¢ty and addiro crealing leaminglparts"cipakn"on spa¢ès. RèsèNès policy The Trustees keep the r8s8rves of the Theatre reg￿arlY fe¥iew. Charity only reseryes at 31 JLIY 2025 stood 81 £1,506.122 arKI Ihe Trustee5 a￿ confident that this level of ieserves will enable the theatre to conlinue as a viable entity. Funds have been transferred to designated furKls for capital improvements. essential repairs, programme development and the economic value of capital assets designated lo future periods. Princlpal funding source5 The Thealre's principle fun¢Jing source is the reveThJe stream from its primary business. In addilKJn to this. 'chfield Distn'¢t Council supports the Theatre in relum for seNices to the community. the role it plays in making chfield a vibrant iity for restslents and ViSTtor5 alike and in Tecognrtion of Ihe favouratje economic imm that the Theatre has on Lichfield and its surrounds. Lichfield Garrick Theatre Trustees. Annual Report Year Ended 31 July 2025 Going concèrn The Trustees have assessed whether there are any significant dryjbts aboLrt the Charity's ability to continue as a going Concern. In Ihtr opinion of the Trustees the Theatre is a goin9 concem. It ha5 appropriate banking facilities in place. 8 very slrorrfJ working ￿latIonShIp with rts stakeholders, strongly recovered trading income streams. and a healthy eash fl¢)w. In addib"on. the Tiustees are not aware of any uncertainties. whi¢h wtsjld mean that the accounts should nol be prep¥ed using Ihe g)in9 cO￿¢M basis. Plans for futufe periods The Theatre will conts.nue to provide a dNerse. acce55ible programme of h￿h-quality professional performing arts in (he heart of L￿hfje1d. together with opp￿￿nitIeS for lo¢al young people. communities and artis15 to gel invdved in ueabve activities and c(￿Inbule to the tyJJlural lrfe of the City and its SLwroundirvJ ac8a. Stru¢ture, Gov•rnanc• and Management Governing document Li¢hfield Garrick Theatre is a regstered Charity. registrati¢)n nurT￿er 1147697 and also a company limited by guarantee, registration number 07972082. The governing ¢Jo¢ument is the Articles ofAssociation of the charitable company. as amended by Special Re501ution on 12 February 2024, whi¢h establishes the objects aThJ powers of the charitable company. In the event of the charitstAe company being wound up members are required to contribute an arrK)unt not exceeding £1. Recruitm•nt and appointment of new trustee5 Trustèes ar8 recruited based upon the skills and expenence that they hold dependent on the charitls needs and arè appointed al board meetings throughout the year. Organisational structurn Thg overall responsibility for the Chanty h'es wrth the Trustse Directors who have delegated the daY-l￿daY rrianagemenl of Ihe Charity to the Chief Execub"ve Officer The Trustee Diwt¢ys mèèt regularly to agree strategy. rwiew pr(gress. review Iinanual information. and discuss policy issues. To la¢ilitate effe¢b'v• operation. the Chief Executive Officer has delegated authon.ty wilhin terms of reference approved by the Trustees for some operational matters. including fina￿￿. Indu¢tion and training of n•w trustees On appointment every Trustee is provided wth a pack of drKurr*nls seth.ng out key information on the Chariiy. New Trustees are ￿qUI￿d to confimi that they have studied Ihese documents and raised any q￿rieS or obtained further InformatK)n which they may need. Devefopments in Charty Law and Practice are monitored an important de¥ekJpments ale br¢yJght to the Th)IKe of Trustee5. Key management remuneration All dire¢lors give their time freely and no director received remuneralKJn sy bertefrt for their work with the ch8rity during the year. Seni¢y staff remuneration is set competitively. in lirE wilh markel conditions. The 8oard of TrUSt￿S sets the Chief Executive Officer's remunerabon and reviews re¢ommend8lions fc* other seniw slaff. R•lat•d parties and principal lunding Any connects.on betsveen Trustees and any production ￿n￿ny, actor or perfOr￿￿T must be dFs¢losed to the Board in ihe same way as any contractual relationship ￿ a related paty. Lichfield Garrick Theatre Trustees. Annual Report Year Ended 31 July 2025 Th8 Charity has a stralegic partnership ag￿erneAt wtth the COU￿11 provth grant aid. R8CElPt ofthis grant aiij supports the orgoing operation of the theatre. The Charity has two w￿)llY owned subsidiaries. ￿Chr1e1￿ Garrick (Green Room) Limited, which runs ihe cafélbar for the Theatre and Lichfield Garrick Productions ￿MIted. which produces shows for the Theatre. Risk management The trustéès have a duty to idenbfy and ￿VIeW the risks to whith the Chartty is exposed and to erksure appropriate controls a￿ in place to provide reasonable assurance against fiaud and èrror. The senior management team arKI the Board of Trusteès regularly review risk thrO￿h a well-e5tablished nsk registèr. The pnme risk lie5 in Ihe ability of the Theatre to maintain adequate leve15 of demand and financial support for the services il offers wilhin the current econ¢)mi¢ ¢limate. In the opinion of the Trustees. the Charity has estsblished resources and review systems which. under ￿rMal condrtions. should allow the risks idenb.fied by them to bg mitigated to an acceptable level in its day-l(Trday opefabons. Trust•es' responsibilities The Trustees {who 8re also directors of Lichfièld Garrick Theatre for the purposes of ¢ompany18wI 8 responsible for preparing the Tru$t8es' Annual Report and the financial ststement5 in 8ccord8nee with applicable law and Uniled Kingdom Accounb"ng Stsndards (United Kirrfjdom GenerallyAccepted Accourbbng Practicè). Company law r8quires thè trustees to prepare finanual stslements for each financial year, which give a true and fair view of the Stste of affairs of thè charitable company and of the incoming resouros and Sp￿1￿ation of resources, including the income and expènditurè. ol the chantable company for Ihat penod. In preparing these financial stslerrent5. the trustees are required to.. . seled suitable accwnting policies arml Ihen appty them consistenty: ' obseNe the methods and principles in Ihe Charib"e5 SORP 2019 IFRS 102).. ' make judgements and estsmates thal are reasonable and pnNJent', • state whether applicable UK Accounbng Standards have been followed, subject to any material departures di￿10$ed and explained in th• financial statement5- ' prepare ihe finar￿la1 statements on Ihe gling ¢orKem basis unless il is nappropriale lo presuffle that thè eharitable company will continue in oper31Th. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any trme the financial position of the charitable company ano enable them to ensure that the finar￿131 statemènts comply with the Companies Act 20(6. They are also ￿$￿n￿ble for safeguarding the asseis of the charitable company and hence for tsking rea50n8ble steps fly ￿ prevenkn'on and detectKm of fraL*J and other irregularities. In so far as the trustees a￿ aware". there is no relevant audit information of which th8 charitable company's audilor is LThwar8- . the trustees have tsken all steps that they ought to have laken to make thgmselves awar8 of any relevant audit information and to est3￿•sh that ihe auditor is aware of that infomialion. Li¢hfi¢ld Garrick Theatre Trustees. Annual Report Year Ended 31 July 2025 Disclosur• of inforniation to the auditors We. the directors of the company who held office at the date of approval of these Financial Statements as sel out above each confim), so far as w8 are awafe. that." - there is no ￿levant audit inf0m￿tiOn of which the 0)ryan￿5 auditors are Unawa￿.. and - we have taken all the steps that we ought to have taken as directofs in order to make ourselves awafe of any levant audit information and to establish that Ihe company's aUdrt0￿ are aware of ih81 infomation. On behalf of the board D J Hill, Chair of the Board Dale.. 18 Dtr¢ember 2025 UHY I￿v M•EkwY•u4 LLP T4 Pa¢4 No*1&Thqh￿MG76fjp Lichfield Garrick Theatre Independent Auditor's Report Year Ended 31 July 2025 Opinion We havè a￿￿lted the ffirtranclal statements ol Lithfiekl Gafflc*Theatre lthè'parenl charitatle o)rnpany'land its subsidkgries Ilhe'group'l for Ihe year ended 31 Juty 2025 which (xjmpiise the Con%Aidated Statement of Finanaèl Aclivithes Ilnduding Inccffie Expendiiure Ac￿jntl. Con501wYaied Balan￿ Sheet. Charity Balan￿ Sheet. ConsdKlated Slatemenl ol Cash Flows and noles to the finanrial 51atements, Ir￿1￿1￿ a summary OIS￿nificant aCco￿tIng rKJIKies. Thefinan¢i81 reporting framewort that has been applied in their prepardbon 15 a￿l¢a￿e law and Unrted Kil￿d0M Acuunting Slandards, indLKIiNJ Financial Repo￿n9 Standard 102 The Financaal Reporfing StaTrJard ap￿.¢abbe UK and Republic of IreLgnd IUnit8d Kin9dom Generally Accepted AC￿untsn9 Pracb"cel. In our Ihe finantial slatements". giv8 a true and fair view ofihe state ofthe group's Off￿ p8rentdwrila￿e wnpany's affairs as at 31 thJly 2025, and of the groups incunirvJ iesources and apF4talx)n of ￿$oUr￿. I￿￿u(b.￿j rts I￿orne and expendrturt. for Ihe year then ended.. have been properfy prepa￿ in a￿￿[dar￿ wilh United KiwJ¢xn Generalty Accepta ActWn￿n9 Practice. and have been ￿ePa￿l in arzordan￿ *ilh the reqvirements ofthe Companies Ad 2(￿. 8asi$ for OFMnbon We conducted our atyjit in aC0)rdar￿ wilh Intematronal Stathda￿ on AU￿￿"n9 IUKI IISAS IUKII and applicabte law. Our responsit¥lities under those stsndards are further described in Ihe Auditorfs resp¥)nwt4liti85 for the audit ol the finanoal ststernents section ol our We a￿ indepeTrJenl ofthe gfOUP parent charita14e fL)mpany in accordance wilh the ethical requirements Ihat ar8 rdevarnl to our audrt ol the finanual ststements in the UK, inclLhYirvJ the FRC'S Ethical Standard. and we have luhllled our other eihical respKJnsitilits"es in accthance with requirements. We beh'gve that the audi¢ evidence we have ¢&taingJ 15 sufficient and approwale to wovwje a basis for our opirrion. Conelu$ion$ r•laling to goin9 ¢1)n¢ern In a￿d￿'n9 the financial 5tat8m8nts, ￿ have c4yKkxJed that Ihe trusiees. use of the gc4ng concem ba￿5 of accounting ITh the p￿parat￿)n of the financaal slaterrtnt ts appropnate. Based on the we have rerfonned, we have not KIentif￿￿ any rnaterial uncertaint￿$ ￿￿ting to events or ￿)ndi￿on$ that, 1ndi*idu￿ty eollecb"vdy. may cast swjnificanl doubt on the group or Pa￿nt chaitlaLle CLynpany's ablity to continue as a gthng eoncem lor a peri￿J of at least h¥dve ￿nthS frrAn when ihe finan(yal statemeftts a￿ aulhorisèd for i8sue. Our res￿￿51b11lt￿ and lh• fysp)nSi￿I"ties of the trustees 4rith to gcAng ar¢ d8seribèd in the felevanl secti￿S ol this rep¢rt Other Infonnatlon The other inforniation ¢￿pri￿s the inl01matiL￿ indwjed in thè annual report other than the financk81 stslernents and our auditorfs reporf Ihereon. The trustees are ￿$[K)n￿￿e for the other infcffliation contained wthin the financial statements. r otNnion on the finanoal statements does not cx)ver the other informa￿On and, to th8 extent oth8lW58 8X￿￿tlY stated in our rep)rt. we do not express any f(*m of assurnnce c(ffidUsiC￿ thereon. r resFw)n&bility is to read Ihe olher tnfcrntth￿ and. in Ikxng $0. con￿￿￿￿ whèther thè olhaf information ts malerialty inconsistent *ilh the financrdl statements or ovrkrwA•Yge obtsined in the uJur5e of the audrt, OT Othemse appears to be materially mi5Stated. 11 we hl8ntsfy svth material inconsistencies or apparenl material rnisstaterrents. we are required to detemiine whether Ihere is a material misstatement in the financ4315tafements or a matenal misslatemenl ol the other inforrnats"on. If, based on the work we have performed. we ￿ndUde Ihat there ￿ a material mi$slatgrnent ￿ this olher inforrnation, we are required to reFXJrt Ihat fad. We have nothing to repxjrt in Ihts rn98￿. UHY 14 Pa¢4 RLn Lichfield Garrick Theatre Independent Auditor's Report Year Ended 31 July 2025 (knnions on other mattefs ￿*S¢￿bed by the Companles kt 2006 In ¢JJr cyThon. base(l on Ihe undertaken in 1he L¥tyJtst ofthe a￿￿￿1." th8 inlormation given in the trustees, repK*I (Incorrwatry ts strategK ￿[•>1) forthe ffinanc4al year lorwhich ihe finanoal ststernents are prepared is consistenl vAlh the fjnane4al statements.. and the trustees, report linworatiThJ the strate&¥c report} has b8en prepared in attOrdan￿ legal regul￿Ments. Matters on whlch we are r¢qulr•d lo r¢port by exception In the ligthl of our knO￿edge and undefslanLlirq ol the 9roup and pa￿nI￿an1￿1￿tr CL¥npany and its environment obtained in th8 eouts8 of Ihe a￿jit, we have not wjenb.fied materia rrMsstatemenls in the tru5te8s' rèport. We have nothing to report in ￿pect of ts fdlow.rg matters in relalion to whth the Companies Act 2006 requi￿$ us to repNt to you il, in our adequate a¢xwntiThJ rerAyds havg not Lwi k8Pt ty the pa￿nI tharitatlo c￿panY. or retums adequate fof our audit have not been ￿¢￿Ved frorn branche5 nol visiled by us.. or Ihe parent charitable c￿panY'S finanrial ststements are not in agwnent with the acwunb.ng ￿CordS and ￿turnS. certain di5dosures of diredors, remUneratM￿ spe(ifred ty law ate not made.. or we have not recwved all Ihe inlorrn3tV￿ and explanations we Nui￿ fcKour authL" Responslbllfjties of twste•s As•4)laned lulty in Ihe trvstees, responsitrililies 51atement seloL*on pag8 6, the trustees Iwhoarealso thedirectors of the Charitable cornpany forth8 purp05e5 of c(Knpany lawlare ￿p(￿ltAe forthe prepara￿.on of the finanoal slatements aThY for being sati5fi8d Ihal th8y give a aThl fair ￿ew. and for such intemal ¢onlrol as thg trustees determine is necessary lo enatAe Ihe preparation of finanaal slatemenls that are free mateiial misslatement. whether dug to frdud or error. In preparing the finanoal slatwnents. Ihe tntstees are resrxJnsit4e for assessing the 9thJp's aThJ par&nl charflab ¢>ynpany's ability lo continu* as a gL*ng concem. dr&dogng. as aprAicatAe. rnaNer5 rdaled lo going eoncem and using the go￿9 concem bas￿ ol accounting unless the Iwslees wther in￿d io kqi#datg th¢ group or lh8 par8nl tharitat4è c(mpany or lo cease operations, or have no reaistK altemabve lo do so. Auditor's r•sportsibilTrlies lorthe audlt of tre financlal slatements Ourobiective5 ar8to obtain reas¢*￿tle assurance abcrtJtt*helherlhe finanraal staiementsas awhole arefreefrom materi misstalement. whether due to fraud or error, and io issue an auditorfs reFxJI thal indt#Yes our opnion. Reasonable assurance is a high of assurarKe. Ixjt is not a guarantee that an autht tornducted in accordance ￿th ISAS IUKI wil ay5 d8t8Ct a rnal*iial (Thsslatemenl vthen il e￿Sts. IAsstslements can aris8 frorn frawj or error and arè conS￿ered material if, individually or in the aggregale, Ihey ctyJhY ￿3$Ona￿lY be expected to influer￿ the econemie dethsions of use "ts"ken on"the-basi5"of.tse.ffinancaal st3tgmgnts. _ ______.___ ___ _ _ ______ ___-_ _._ _.__ ___ ______ IrreguL4rities. induthNJ fraud. a￿ inslances of nOn-￿rA￿9￿ ￿ laws and regulatths. We design procedu￿$ in line ith our responsibilities, oulineij aLM)V*, to detect mateiial riSstrt￿ents in respect of irregukn'ties, induth'ng fraud. The exlent to which our procedure5 are cApat4e ol deiethng irregularit*s, indurfing fraud is detailed below.. Our 8pproach Io Klentits'ro and assessing Ihe risks ol rnalerial m15stal￿ent in resk*d of irregulaiities, I￿uding fraud and non•comF4iancE wTrth L8w5 and regulatic￿5. w35 as Idlows.. lh8 engagement partnef ensured that the eThJa9ement team had the appwate CLNnpetence. capab"lities and sknlls to idenbfy or rew3nise ￿n-0)ffi￿lanCe Wth aFvlicable laws and (e9￿allonS.. w• identified the laws and ￿gulationS applicat￿e to Ihe (ornpany Ihrtyjgh discussions with directors and other management. and frtes to the finanaal slalements. Restricted funds S￿ funds which a￿ to be used in accordance with specific resth"ctions imposed by donors or which have been raised by the chanty for Part￿Ular purposes. The cost of raising and administering such funds are charged against the specAfic fund_ The aim and use of each restricted fund is set oth in the rnte5 to Ihe financ￿4 statements. {c} Basis of con$olidalion The fina￿la1 slalemenls cor60lidatg the resuAs of the company and 115 wholly owned subsidiaries LKhfield Garrick (Green Rolynl Limrted arKI Lthfield Garrick Prc#JuctKJns Limited cffi a line by line basis as required by FRS 102. The company has taken advantage ofthe exemptson ￿ntsined wthin seclion 408 oflhe Companies Act 2006 not lo present its own income and ex￿ditUre account. Idl InGome recognition Al incoming ￿SourceS are induded in the Slalement of Financial Acliwts"es ISOFAI when the charity is legally entiued lo the income after any performan￿ condrtions have been mel. the amount Can be measured relk?bly and it is probable that the income wll be recetved. Voluntary income inchjdes all donab￿san{l gifts thatare of a general nature. rewnised on a receivable basis. 17 Lichfield Garrlck Theatre Notes lo the Finan¢ial Statements Year Ended 31 July 2025 Incoming resources from charitable actiwts.es indudes all Ir￿ome deriving from theatre perfomiances provided to the compony's benefi￿arieS arKI perfomance related grants received under contract. As the mpany has cultural exemp￿.On status for VAT. most box office receipts are exempt from VAT. Income from trading actNities indudes eamed from lundraising events and trading activities lo raise funds fof the charity. Income received in exchange for supplwng goods and serv￿eS in order to raise funds and is ￿Cognised when entiljemenl has [Xcu￿ed. Income from govemmenl and other grants are recognised at fair value when the charily has entillement after any performance ¢(￿di110nS have been met. il is probable that the income will be received and the amount can be measured reliably. If enlitlemenl is not met then these amounts are deferred. Other income includes Theatre Tax Relief Wh￿ is recognised vthen the th*ity becomes entitled to receive the furKIs. le) Expend•lure r•cogniti¢)n AJI expenditure ts accounted for on an accrnals basis and ha$ been classtfied under headings that aggregate all costs related lo the category. Expendilure recognised where there is a legal or Constr￿ti¥e oblvJation to make payments to third p8rkn"es. it is probable lttat the settlement will be required and Ihe amount of the oblwJation can be measured reliably. It is calegorised under the following headings.. Cosls of raising funds indudes costs directty attribuiable to the operation of the Green Room., and Expendrture on charitable acttvtties includes those costs attributable to the op8ration of the theatre. Irrecoverable VAT is charged as an expense aJainst the activty for whLh expenditure arose. If) Support Costs allocatlon Support costs are those that assist the Wfyk of the chanty bul do not directly represent charitable activities and indude office costs. govemance (a)sts, and adminislralive payroll costs. They are incurre(I directly in support of expendrture on the L*•jects of the tharity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expendilufe on charitable achvilies on a basis consi51ent use of the resourees. The analysis of tt*se costs is InckKI￿ in note 7. Igl Tangib￿ fixed assets Tangible fixed assets are Stated at Cost (or deemed costl or valuatK)n ￿$$ accumulated depreoation and accumulated impairmenl losses. Cost includes costs directly attributable lo Maki￿ the asset capable of operating as intended. Dep￿cIatiOn is prO￿led on all tsngible fixed assets. at rates calcvSatet1 to write off the ¢o$l, less slimaled-resvjual_valu8.-of each.asset ￿ a.sysletnati¢ basis_over_its_eJpecte.¢Luse.fyl life as fr)Ilows.' Land and tAJildings Equipment Fixtures and fittings Sothyare 50% reducing balan¢e. 7% straighl line or 20% stroight line - 50% reduciThJ balance or slraight-line over 5 years - 50% reducing balance cff straight-line over 5-10 years - 33% rellucing balance cr straight-line over 3 years A full year of deweoation is ch8rg&J in the year of Wutsiti￿ ￿￿th no depreciation charged in the year of disp¢)sal. 18 Lichfield Garrick Theatre Noles to the Flnan¢ial Statements Year Ended 31 July 2025 (h) Stocks Stocks are staled at the lower of cost and eslimated selliThJ price less costs lo ￿mplete arKI sell. Provision is made for damaged. obsolete arKI slow-ffoviThJ $￿k vdhere approwate. lil Debtors and creditors receivable I payable within one year Dobtors and credf(ors with no slated interest rale and receNable or payable within one yearare recorded al Iransadion price. Any los￿ arising from impairmenl are re￿gniSed in expendrture. til Impaimient Assets not measured al fair value ao rewewed for any indicalion that the asset may be impaired. If such indication exists, the recoverable anM)unt of the asset. or the asset's cash generating unit. is eslimaled and compared to the carrwrKJ an￿unt. Where the carrwng amount exceeds its recoverable amount, an impaimenl loss is recognised in profil or loss unl8ss the asset is carried at a revalued amount where the impairmenl b)ss is a revaluation decrease. Ikl Provisions ProvisKJns are recognised when the charity has an oblKJalion at the balar￿e sheet dale as a result of a past event. il is probable that an outtlow of economic beneffts will be required in settlement and the amount can be reliably eth"mated. (l) Leases Rentals payable and receivable under operating leases charged to the SOFA on a straight-line basis over the period of the lease. Im) Ernployee beneflts When employees have rendere{1 service to the charity. Sh￿t-tem7 employee benefits to whth tho employees are entitled are rectyJnised at the undiscounted amount expected to be paid in exchange for that service. The charitable company and its subsidiaries operated a defined benefit scheme operated as a result of the TUPE regulalrons followrvJ the charity tskirvj over the runnirNJ of the theatre from the Council from 1 February 2013. The scheme is not open to new members of staff subsequent lo that date. The final eligible employee reswJned during the prior year. The assets of the scheme are hdd separately from those of the grcyJp in independently administered funds. The Trustees ar¢ unable lo Confirm the Charity's share of un¢Jerlying assgts and liabilits'es ol the defined ben•fii scheme and therelore lh8 scheme is accounted for as a definèd contribution scheme. Contributions payable to the charitable compan*s pension scheme are charged lo the SOFA in the period to wh￿h they relate. (n) Tax The charty is an exempt chanty within the meaniThJ of sthèdule 3 of the Chariks Act 2011 and is conSide￿d to pass the tests set out in Para9raph 1 schedu￿ 6 Finance Act 2010 and therefore it meets thè definition of a charitable company for UK c(wpor*ion tsx purposes. The subsidiaries are chargeable to corporation tax on their taxable wofrts. 19 Lichfield Garrick Thealre Notes to the Financial Slatements Year Ended 31 July 2025 lo) Going concem The financial statements have been prepared on a g¢ing concem basis as the trustees believe that the theat￿ has sufficent govemmenlal support and reserves lo continue. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is suffiaenl with the level of reserves for the charity to be able to continue as a gThng con￿rn. Ip) Judgements and key sources of estimation uncerLiinty There have been no judgem8nts lapart from those invom.ng estimates) masje in the process of applysng the above accounting policies that have had a ggnificant effect on amounts recognised in the financial stslements. There are no key assumplicrfls conceming the future and other key sources of ests"matson uncertainly al the reporting date that have a sunificanl risk of causing a material adjustment lo Ihe ¢arryw amounts of assets and liabilities within the next financ￿1 year. Inc¢)me from donation$ and legaci•s 2025 2024 Donations 62,419 36,226 62,419 36,226 I￿orne from donaliefis and leg&ies was £62,419 (2024- £36.2261 ol wlich £8.85812024- £9.2671 was attribUla￿e lo restricted and £53,561 (2024- £26.9591 was attribulable to unr8stn"ct6d funds. 20 Lichfield Garrick Theatre Notes lo the Financial Ststements Year Ended 31 July 2025 Income from ¢haritable a¢tiviti•s 2025 2024 ProductM)ns Technical. marketirvj & booking fees Theatrelm(xn hire Retail Commission & vouthe Grants Lithfield District Council strategic partnership 4reement Memberships Other 2,898,264 507,211 155.760 16.826 75.595 91.667 7.816 45.783 2,670.715 458.159 129,085 16,700 19.508 133.333 6.874 24,351 3,798.922 3.458.T25 Grants received, incI￿yed in the above. are as folow5: 2025 2024 Other grants 75,595 19,508 75.595 19,508 Income from charitable activrties was £3.798.922 I2024- £3.458.725) of which £69.43912024 - £19.0091 was attributable to reslricled and £3.729.483 (2024 - £3,439,716) was attributable lo unrestrtied funds. Income fr<>m olh•rtrading activitie5 2025 2024 Sponsorships Green Room tradrng income 6.959 447.715 12,97S 430,569 454,674 443,544 Income from other tradirKJ activibes was wholty attributable to uNestn"cted funds. Income from investmènts 2025 2024 Interest- deposits 59.766 90.583 59.766 90.583 Income from inveslments was Vrt￿ly attributable to unrestrKied fuTrYs. 21 Liehfield Garrick Theatre Notss lo the Flnanclal Statements Year Ended 31 July 2025 Analysis of expendilur• on charitable activibes 2025 Activities &Jpwrt ￿sIS uThJertaken direclly Total 3.747.247 334.307 4.081.554 3,747.247 334.307 4.081.554 £56,612 of the a￿ve costs were attriiyjtable to reSt￿ted funds. £4.024.942 of the above costs were altributable to unrestrtcted funds. 2024 Activities ertaken directly Suprrt)rt costs Total Theatre 3.211.313 243.299 3.454,612 3.211.313 243,299 3,454,612 £24.028 of the above costs were attributable lo restricted funds. £3.430.584 of the above costs were attn"butable lo unrestricted funds. Allocation of support costs Support cost- 2025 Basis of alIC￿atiOn Raising funds Theatre Total Govemance (ncrte 81 Finan Infomiatton technolc￿3Y Depreaation Impairment loss Health and safety Pension ￿ntri1￿Jtlons 4.766 13.594 98.496 7,971 19,545 77.524 16,000 6,290 24,467 84,014 103.262 21,565 19,545 133,487 16,OfKJ 6,2 25,472 98,471 55.963 1,005 14,457 T¢)tsl 89,785 334,307 424,092 The support costs for utilities for raising fuThYs are made up of the overheads apportioned and recharged to Green Room based upon the percentage of floor space occupied within the shared premises by the Green Rcom. The £89.785 of support costs all￿ted to raising funds is included within total expefKJtture on rai8ing funds of £289.170 on the face of the Stalemenl ol Financial Activities on page 12. 22 Lichfield Ga￿l¢k Theatre Notes lo the Financial Statements Year Ended 31 July 2025 Support ¢os1- 2024 Basis of allocation Raising funds Theatre Total Govemance {note 81 Finance Information lechnolc43y Depreciation Health and safety Pension contribulions Utilrti8$ 10,384 16.9)1 67,283 6,289 11.042 37,731 6,290 18.796 95.868 77.667 22,790 11,042 39,103 6,290 19,666 109.132 1,372 870 13.264 Total 42.391 243.299 285,6 The support costs for utilities lor raising funds a￿ made vp of the overheads apportioned and recharged to Green Room based UFL)n the percentage of flcmy space occupied within Ihe shared premises by the Green Room. The £42.391 of support costs allctaled lo raising funds is induded vAthin total expenditure on raisiThJ funds of £264.270 on the face of Ihe Statsment of Financial Acts'vilies on page 12. Governance ¢osts 2025 2024 AudTtor's ￿MUneration Legal and professional fees 10 21,040 82.222 19,670 57,997 103,262 77,667 Net inc¢Jme for the year Net income is staled after charging: 2025 2024 Depreciation of tangible fixed assets 133.487 39.103 Hire of tAant and equipment 26.069 21.668 Impairmenl oflond arvj l)uiklirvJs 16.c(iO 23 Lichfield Garnick Thealre Notes to the Financial Stalements Year Ended 31 July 2025 10 Auditor'$ r•muneiation 2025 2024 Fees payable lo the chan￿$ a￿lit￿ for the audit ofthe charitys annual accounts 11.050 10,300 Fees payable lo the charivs auditor other serytces.. Audit of the charity's subsidiaries Taxatson advisory Acccthtancy 4,320 1,6(X) 3,450 9.370 1,6 3.700 Totsl auditor's remuneration 21,040 19,670 11 Trustees. and key management petsonnel remuneration and oxpensgs The trust￿ neither received nor waived any remuneratp)n duriry tho year12024 - £nil}. The totsl amount of employee benefrts received by key management personnel is £409.60312024 - £374.271). The Twst considers its key management personnel eL)mpromise the Chief Executive Officer and department heads. The tnjslees not receive rwmbursement for diredy incwred travel expenses in 202512024- £1691. 12 Staff costs and employee benerts The average monlNy nUrnb￿ of employees during the year was as folows: 2025 Number 2024 Number Raising funds Charitable actiwtses 23 19 75 75 The total"st8ff costs-and-employee¥benefft¥were"as follows-. _"- 2025 2024 Wages and salaries Social security Pension costs (r￿le 231 1.253.453 104,786 25,473 1,072.687 72.801 19,666 1.383,712 1,165.154 24 Lichfield Garrick Theatre Notes to the Financial Statements Year Ended 31 July 2025 12 Staff costs and employee beneflts I￿ntInued) The wmber of staff vrt￿ rerEived remuneration Mthin each bandirKJ lolalled below lindudiThJ kgy management personnel).. 2025 Numb 2024 Number £70,001 10 £80.OLK) 13 Tanglble fued assots- Group Equiprrwi txJ&Yirw35 ¥xl frttiNJ$ Total Cost or valuatioft-. At 1 August 2024 Addrtions Disposals Impaimenl losses 203.714 373,951 752.628 34,179 104,092 28,311 94.341 33,601 15,778) 16,9501 710,068 914,749 (12.7281 116.0001 116.CrtX)) At 31 July 2025 940,342 408.130 192,655 54.962 1.596.089 Depreciation= At 1 August 2024 Chargo for the year Eliminated on disposals At 31 July 2025 28.384 271.299 61.629 37.976 93.233 17.081 5.778 104.536 11.510 16,801 6,950 21.361 404.426 133,487 12,728 525.185 .013 309.275 Nel book value.. At 31 July 2025 850.329 98,855 88.119 33,601 1,070,904 At 31 July 2024 175.330 102.652 10.859 16.801 305,642 The net book value of land and bLlll(JirtsJ6 Comw￿d.. 2025 2024 Land Long leasehold improvements 10.000 840.329 26,000 149,330 25 Llchlleld Garrick Theatre Notes to the Financial Statements Year Ended 31 July 2025 13 Tangible fixed assets {¢ontinuedl- Charity *)J Equirwt F￿l￿eS and frtbng5 Total Cost or valuation.. At 1 August 2024 AddilKtrnS Disposals Impaimenl k)sses Al 31 July 2025 70,504 373,951 201,089 34.179 85.421 24.326 23,751 33,601 16.9501 553,627 293,195 16,9501 16,OCK) 823,872 116,( 255.593 408.130 109,747 50.402 De&￿e￿allon'. Al 1 August 2024 Charge for the year Eliminated on disposals At 31 July 2025 28.383 15.980 271,300 37.976 82.121 6.767 6,950 16.801 16,9501 16,801 388,754 77,524 16,9501 459.328 44.363 309.276 88.888 Net b¢x)k value.- At 31 July 2025 211.230 98.854 20,859 33,601 364,544 At 31 July 2024 42,121 102,651 3.300 16,801 164.873 The nel book value of land arKI buildiws comprised: 2025 2024 Land Long leasehold improvements 10.000 201.230 26,000 16,121 The impairment kjss recognis&J in the year rdates to the land held by thè charitable ts)mpany that is due to be sold posl year end. 14 Fixed Asset Inv•$tm•nts - Company Shares in group undertakings Cost or valuation.. At 1 August 2024 & 31 July 2025 Nel book value- At 31 July 2024 & 31 July 2025 There were no investment assets outsKle the UK. The charitable company owns the entire share capFlal of Lichfield Garrick (Green Room) Limiled and Lichfield Garr￿k Productions Limited. cAxnpanie5 incorporated in England and Wales. 26 Lichfield Garrlck Theatre Notes to the Flnancial Statements Year Ended 31 July 2025 14 Fixed Asset Inv•stm•nts- Company (continued) The prinopa activity of Lichfiekj Garrick (Green Room} Limited is the operation of the restsurant and bar facilitses at Lichfield Garrick The31￿. At 31 Jufy 2025 the company had net assets of £70.041 {2024.. £45.5931. The principal activty of Lichfiekl Garrick Prrmluctions Limited 15 that of a theatre wduCtI￿ company. At 31 July 2025 ihe company had nel assets of £1 {2024- net assels of £1). 15 Stocks - Group 2025 2024 Green Room 8.180 6.480 8.180 6,480 Green Room stC￿ held is for raising funds. The Theatre not fv)Id stctk. 16 Debtors 2025 Gr(xJp 2025 Charty 2024 Group 2024 Charity Trade debt¢)ts Prepayments ar￿ acwed income Other debtors Amounts Lwded by subsidiaries 8.585 362.611 22.142 8.585 44.481 22.142 530.500 8.676 441.093 21.860 8.676 72.727 21.860 6CKI.961 393.338 605.708 471,629 704,224 17 Creditors: amounts lalling dug within one year 2025 Grwp 2025 Charity 2024 Group 2024 Charity Trade cred((o Accruals and deferred income Other creditors Social security & other taxes 269.098 1.170.119 46.804 57.208 248.023 1.142.556 64,021 1,029.934 46.439 33,652 50,684 922,973 46,439 33,888 42.820 1.543.229 1.480.203 1,174.046 1.053.984 27 Llchfield Garrick Theatre Notes to the Financlal Statements Year Ended 31 July 2025 18 Leas•$ Operating lease5 - lessee Tot￿ fvture minirwm lease payments under non-cancdlable operating leases are as folkjws.. 2025 2024 Not later than one year Later than one and rK)t later Ihan fve years 5.736 8.980 4,803 9.233 14.716 14,036 19 Deferred inc¢)me Total At 1 August 2024 Amount ￿leaSe￿ lo the SOFA during the year Amount deferre(l in Ihe year 853,964 {849.9641 1,023.437 At 31 July 2025 1,027,437 The amount defe￿ed in the year reLqtes lo theatre shows Ihal have oCcU￿ed after the year end. 28 Li¢hfield Garrick Theatre Notes to the Financlal Statements Year Ended 31 July 2025 20 Fund reconciliation - Group Uniestricted fvnd¥- 2025 Balar￿8 al 1 August 2024 Other gains I Ilossesl Bala￿e al 31 July 2025 Irmn8 Expenditure Transfers General fund 754.653 3.267.607 {3.301.676) 169.397 889,981 D•$lgnaled funds.. Legal expenses fund 25.OCKI 25.000 Repairs and renewals fvnd 19J.C 150,000 Artisliclcommunty ¢Jevelopments fund 75.000 75,000 Book value of fixed assets fund 187.135 1.029.877 {1￿.107) 1.060.905 Capital developments fund 1856.329} 2.048.117 4.297.484 {4.314.112) 169.397 2.200,886 29 Llchfield Garrick Theatre Notes to the Financial Slatements Year Ended 31 July 2025 Unrestricted funds - 2024 Balance at 1 August 2023 Other gains / Ilossesl Balance al 31 July 2024 Inccrfne Expendrtwe Transfers GeMTal fund 643.261 4.[￿.80? {3.571.397) 1465.3371 147,324 754,653 Designated funds: Theatrical equipment fund 288.857 1288.8571 Bu￿nesS development fund 30.000 130.000) Production development funtl 50.000 {50.0￿) Legal eX￿nSeS fund 39.000 {14.0001 25.000 Repairs and ren&wals fun 102.132 47.868 150,IxIO Artislielcommunty developments lund 85,323 110.323) 75.000 Book value ol fixed a$S￿S fund 31,272 {39.103) 194.966 187.135 Green Room refurbishment fund 25.¢ {25,000) Capitsl developmen15 fund 184.3541 640.683 856.329 1,594.845 4,￿)0.802 13,694.8541 147,324 2.048,117 30 Lichfield Garrick Theatre Notes to the Financial Slatements Year Ended 31 July 2025 Restricted funds - 2025 Balan￿ at 1 Auwst 2024 Other gain5 1 IIOs5esl Balance al 31 July 2025 Inc(Nne Expendilure Transfgrs Caption CampaMJn 69 69 Swinfen Broun Charitable Trusl- Lift (2.5001 Mary Slater- Lift 4,000 14.0001 Edward Cadbury - Lift 4,thJO 4.000 Conduit Lands Trust - Garrick Youth Theatre 13.(KKII Customer donatvjns for Family IKkels- December 2024 (433) Big TKkel Appèal 185 11851 Sebbie Hal - access performances (S￿> BuM1w￿￿ Project 4,080 4,080 Community Foundation of Staffordshire - ESOL 2.100 12.1CKJI Community Foundation of Staff¢ydshir8 - Tid¢ets 1,320 {1.320) Communty Foundation of Slaffofdshire - Cornmunty arKI education 2.380 12.3W) 31 Lichfield Garrick Theatre Notes to the Financial Statements Year Ended 31 July 2025 Community Foundation of Staffordshire- Ukranian Film Project (1.S)O) Acces5 to Work 4,935 (4.935} Swinfen Broun- D￿lta1 piano 5.393 (5,393) Noel Sweeney Fwndalion Creative Bumiwood 5.oc Lichr￿Id Cty Counul- Youth Theatre 1,OCKI 1,000 Community Foundation of Slaffordshire- ESOL Project 2 28.603 {15.2451 13,358 Community Foundation of Stsffordshirg - MovirKJ Tc#3ether 11,1)001 Swinfen Broun - Garrick 20 Grant {2,SCKI) Community Foundation of Slaffordshife - Family Hub Swnmer Sd)ool 2.714 2.714 Community Foundation of Staffordshire - Counterpoint Arts Piojecl Sebbie Hall Christmas Tickel Appeal December 2024 (1.CKJOI Customer donat￿$ for Family tickets - December 2024 8.621 18.6211 32 Lichfield Garrick Theatre Notes to the Financial Stalements Year Ended 31 July 2025 Customer donations for Family tickets- December 2025 237 237 18,767 78.297 (56,6121 40,452 Reslricted funds - 2024 8818nce at 1 August 2023 Other gains I Ilossesl Balance at 31 July 2024 Income Expenditu Trartsfers Caption CampavJn 69 69 Swinfen Broun charitab￿ Tru5t- 2.500 2.500 Mary Slater- Lift 4.￿0 4.000 Edward Cadbury- Lift 4.1￿0 4.000 Sebbie Hall Kindness Foundation- family tickets (500) Community Foundation of Staffordshire- Garr￿k 20 1.000 11.0001 The CommuThty Foundation of Slaffwdshire - Ukrainian film 1,545 {1.5451 Family t￿et$ - December 2023 170 1170) Garrick 20 prc¥eets 735 17351 33 Uchfleld Garrick Theatre Notes to the Flnan¢ial Statements Year Ended 31 July 2025 Conduit Lan¢Js Trust- G8￿￿k Youth Theatre 3,000 Noel Sweeney Foundation - Farrn 8oy Venue Tour 2,000 12.0001 Customer d¢)nalions f(Y Family tickets- December 2023 7.849 (7.8491 Customer donations for Family I￿kets- December 2024 433 433 Arts and Trav Limited - donation for Family Tickets De¢ 2023 (800) Ticket AP￿al 185 185 Sebtme Hall- a￿esS rfom)an¢es 500 Sebbi8 Hall - Christrnas T￿k81 Appeal 0￿mber 2023 {sxJi Holilay Activities Fun(J {3.￿9) Theatre's Trust- Hearing Loop 15.cthl Burnlwood P.roject_ 5.000 19201 4.080 14.519 28.276 (24,0281 18.767 Fund descwions Restricted lunds The Caption carnpa￿n fund were d￿atiOnS raised lo Supp￿ caplioned perfc*mances. Liehfield Garrl¢k Theatre Notes to the Financial Statements Year Ended 31 July 2025 Mary Slater. Edward Cadbury arKI Swinfen Bro￿ fvnds were grants raised towards thè purchase of a new platform lift. Sebbie H811 Kindness Foundation- family th*ets- was a grant towards the Christmas ticket appeals for 2023 which offers lickels via local charities lo children and yourKJ people who would nol be able lo attend thoul a free ticket. Communty Fountlation of Staffordshire - Garrick 20 projects - was a grant towards Garrick 20 - programme of community projects. schwl projects and ￿￿rk. The Community Foundation of Slaffordshi Ukrainian film project was a grant from the New Communities Resettlement Scheme towards the screening of films dubbed in Ukrainian for Ukrainian refugees. Garrick 20 Pr(iects-werg customerdonations towards Garrick20- a programme of ccmnmunity proieds. school projects and woth placements in cdgbration of the Garrick's 20th bffthday. Conduit Lands Trust - Garrick Yothh Theatre - a grant towards the operation of a Youth Theatre in Lichfield. Noel Sweeney FouThJalion - Farm Boy Venue Tour - a grant towar(Is the Community Tour of the production of Farn Boy. Customer donations for Famity tickets - December 2023 - were customer donations towartjs the Christmas ti(*et appeal which offers tickets via local charrties lo ch51dren and young people who would not be able lo attend Witho￿ a f￿e Itckel. Customer donations for Family lickels - t)ecember 2024 - were customer donations towards the Christmas lickel appeal which offers tickets wa k)cal charibes to ¢hildren and young people who would not be able to attend wthout a free ticket. Arts and Travel Limited - d￿ath"on for FaTrly Tickets Dec 2023 - a COT￿rate donation towards the Christmas ticket appeal which offers tickets ￿a local charibes to children and young people who would nol be able lo attend wilhcrtrt a free IKket. Big Ticket Appeal - customer ¢Jonations towards the Big fKket appeal which offers lickels Ma local charities lo people who woukl rjot be able to attend 5wth0￿ a free kn"ekel. Sebbie Hall- aceess perfomiances- a grant lo support the provision of xcess performances. Sebbte Hall- Christmas fickel hppeal December 2023- a grant lowards Ihe Christmas tKket appeal. Holiday Aclivilies Fund- a 9T￿1 Iwards the provision of h(Aiday activities for young ￿￿pIe. Theatre's Trust - Hearing Loop - a grant towards Ihe purthase of a new heariThJ k*)p for the main auditorium. BUMtw(￿ PrOje￿- a grant towards an arts (Thsutsti¢Jn in 8umiw¢xtyJ and the provision of ￿101 activity. Communty F¢￿d#b"On of Staffordshire- ESOL- A grant fvnding partnership activitigs with the English Classes Sch￿1. Communty Foundation of Staffordshire - Tickets - A gfanl lo fvnd free ts¢kets for students of English classes for speakers of other languages. to develop English language leaming and cultural awareness. Communty Foundation of Slaffordshire- Community and eiJucation- A grant lo fund a pilot programme of wordless workshop actiwlies for students of Erylish dasses for speakers of other languages. 35 Lichfield Garrick Thealre Notes to the Financlal Statements Year Ended 31 July 2025 Community Foundation of Slaffordshire- Ukrainian Film Projec*- A grant to fvThJ free film screenings of mainslrearn films with Ukrainian dubbing. Access lo Work- Grant funding from the Govemmenl via the Access lo Work scheme which rxovides access equipmenl and training for $￿C￿¢ staff members who apply. Swinfen Broun- Digital piano- A grant to the purthase of a w digital kxano and accessories. lo replace a grand piano previously loaned to Use by the same Injst. Noel Sweeney Found3b￿- Creative BuMtwC￿- A grant towards general woject costs of the Creative Bumtwood progfamme. which rurks participation atti￿118$. live performances, and professional deVelo[￿ent in the to￿ of 8umtW(KKI. Lichfield Cty Council - Youth Theatre - A grant to lund free places on the Lichfield Young Garrick programme for young people who wwld not be ab￿ to afford Ihe fees themselves. Community Foundation of Staffordshire - ESOL Prole￿ 2 - A grant lo fuThY creatNe career wc￿ShopS for students of English for speakers of other ￿nguageS. involving participatory workshops of different ca￿er$ in the arts with English langLW SUPPOrt. Communily Foundation of Stsffoidshire - Moving Together - A grant supwrting a young artist with runnirrfJ movement and dance class for oldor people wth mobility issues. Swinfen Broun- Garr￿k 20 Grant- A grant tofvnd a programme ofworkshops forleenagers with Autism. who worked with an artist to design and make a short film. Lithfidd Conduit Lands Tnjst - Family Summer Sch￿1 - A granl to fijnd a free weeklong drama clth) surnmer school for Y￿ng people who access the L￿hr1eld Summer Sthool. ¢c￿MUnty Foundaticfft of Staffordshire - Counlerpclnt Arts Prcyect - A grant to fvnd a Comedy p8rformance proied wrth migrant and refijgee C4Jnmunty membors. Sebbie Hall Christmas Ticket Appeal December 2024 - A donation towards the Christmas Tickel Appeal which provides free tickets aThJ youih theatre pla￿ for p&)ple who face financial or social barriers. Customer donations for Famdy tickels- D￿Mtser 2024- Customer donab'on5 towards the Family ticket appeal which prowdes free tickets youth theatre places for people who face financi81 or social barriers. Customer donats.￿s for Famity tickets- Decembef 2025- Customer donations towards the Family ticket appeal whith prowdes free tickets and youth theatre place5 for peo￿8 who lace financial or social barriers. De8ignat•d funds -The-designaledlunds-representallEcation5-of. genera1_fundS_￿al1Ow. Megal expen. s.e.s rep.airs and_ ren8wals. Artisticlcornmunity Devek•pmen15 ar￿ CaFNlal Devekipments. The bLN)k value of fixed assets represents Ihe net book value of the Charity's fixed assets. exciuding land, to be depretialed throu￿ the Stslemenl of Finanual ActiVit￿S in fuiure acLounting per￿9 across their useful economic lrfe. General fund The general lund rewesenls unrestnct&J funds available to cover ongowvj operational expendilure. Ll¢hfleld Garrick Theatre Notes to the Financial Slatements Year Ended 31 July 2025 21 Analysls of net assets betwfftn funds Unrestri¢ted funds Despgnaled funds Reslricled funds Total Fixed asset5 Cash at bank and n hand Current assets Current liabilities Total 1.070,gM 960,788 407.518 {1,543.2291 889.981 1.070.gM 2.312,145 401,518 {1.543,229 2.241,338 1.310.￿5 40.452 1.310.905 40.452 22 Reconciliation ol net income to net cash fl¢)w from oyrating •ctivities 2025 2024 Nel income I18xpen(Jiturel for year before transfers between funds Interest receivable Depreciation of tangible fixed assets Impaimient loss on land Provisions less payments {Increasel I decrease in stLxk {Incrèasel I decrease in (Jeblors Increase I Idecreasel in creditors 174,454 (59.7661 133,487 16,000 457.520 I￿,583) 39,103 (1.7001 78.291 369.183 8,590 169.5201 1167.1861 Net cash flow from operating actswtses 709,949 177.924 Pensions and other Post￿1￿ement benefits The charity operales both a defined Contribution and a defined benefit pension plan for its employees. (See note 1lml for details). The defined ben8fit pensk)n plan was only open lo TUPE employees and the final eligible employee resigned during the year endry July 2021. The an￿Unt recognised as an expense in Ihe peri(*J was £25.47212024 - £19.666},' £25.47212024 - £19,666) for the defined contribution stheme and £nil12024- £nill for the defined benefit scheme. The defined contribution liability is alltxaled to unrestricted funds. "Tr4-- Capitsl ¢ominltméfi￿ - The group had contractetl leasehold improVem￿ts aMO￿ting lo £nil12024 - £646,962). The charity had eonlracted lea$eh￿d improvements amountThJ to £nil {2024 - £155,289). 37 Lichfield Garrick Theatre Notes lo the Financlal Statements Year Ended 31 July 2025 25 Oth•r commitments At 31 Juty 2025, the company had total commitments ¢￿tracted for but not provided for in these finanryal statements of £58.193 {2024- £rAI). Related ￿rtY transa¢tlons The group has taken advantage of the exernpti￿ for the wuirements to discbse Iransadions with group companies eliminated on consolidats"on. The Council provKl8s fu￿ling lo the Theatre and had two LDC CouncilW)rs serviNJ as Trustees. bul in private c8P8cty {n￿-repreSentativel. In the year to Juty 2025. the Theatre received £91.667 12024: £133.333) under a strategic partnership agreement. The thealre reL*ived Teimbursement for damage lo stage (foor amounting to £1.340 {2024.' £nill. The Theatre purchased managed services. rentsl expenses arKI othèr non-sLgndard servtts from the Counol amounting lo £15.26512024 - £6.2￿1. Thg Producti￿ Garden performed a produdion for the Theatre and has a director is a trustee of the Theatre. In May 2025. the Theatre paid The Prthlucti¢)n Garden for the P￿JuCtion A Shoddy Detective amountiThJ to £4,295. The The8lTe received ted)nical and marketing from The Production Garden amounlir¥J to £27012024- £nill and merchandise commission amounting lo £1712024 - Ènil).