harlty Reglstr¥tlon No. 1148555 Company RegIStrOn No. 07954848 IEn9land #nd Wale¥} REGAL TENBURY TRUST LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024
REGAL TENBURY TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Olr•etor• l Trustw• Ms Jane Al M5 Katy Rrsws Mr Peter Drnw Juli8 Pwier Mr AnthY Smee Mrs Kathryn H<Mè Jane HalS Mr Jonathan Bretherton Mr5 Janet Chapman Mrs Flachel thkett Mr Anthony Dgnn¥nl Dr Angela English Mrs Marion Evans Mrs Diang Fknlther Mr MKhad Fox Mr Jthn Leamon Mr Peter Ha Mr Laurtr• Cl8 ResKJned 13° November 2024 App(xnted 13• November 2023 Resgned 20th September 2023 R•win8d 4" S•ptember 2023 Resvjned 19" Septembef 2023 App(xnI 30" September 2023 Appc4nled 19 Sepiember 2023 Apwnled 19. Sept•mbor 2023 R85KJntsd l# August 2024 Appc4nled 19. s•plty¢r 2023 Apwnled 19. Septombor 2023 App¢4nt•d 19• September 2023 Appc4nled 19. Septémber 2023 Apprynled 19. September 2023 App(xnled 1$1 August 2024 ApOnt•d 15. May 2024 •ThJ R8sb3ned 19" Septomb•r 2024 Th•atr• M•ng•r Mrs Kimberley Grenfell S•cr•tsry IA$ J•M Mr Laurenc• Cla0 R•Md 30 Jun• 2024 Appointed 15° May 2024 and Resigned 19° Septembef 2024 Ch•rfty numb•r 1148S55 Comp•ny numb•r 07954848 Prfnclp•l •ddr••• 47149 Terne stet T•nbury W9118 Worcestershirn WR15 BAE R•gl•t•r•d oflbc• 47149 Terne Stroet Tbry WeS1$ Wc*cestotshir• WR15 8AE Account•nt• TaxAssist Accwntsnts Fit FktyN Offic85 114B Corve Street LudltrAf Shrwshire SY81DJ
REGAL TENBURY TRUST LIMITED CONTENTS Tntee$ repcxl Independent •x8mln8rfs rewt ststement of flnan¢* aclivili 10 88lanc• 8h••t 11 Cash fflow stst•m•nt 12 Not•$ to Ihe accounts 13-23
REGAL TENBURY TRUST LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 JUL Y 2024 The Trustees present their reFrf and accounts for the year ended 31 July 2024. The financial slatemenls have prepared in adance with Acc(wnb"ng ar Rwting by Charibes.. Statement of Recommended Pradice applicable to tharilies preparirJ their ac¢rAJnts in accordance with the Finanual Reporting Stan¢Jard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191- (Charilies SORP IFRS 10211. Ihe Finanryal RepOTha Stsndard applicable in the UK and RepublK of Irelar7d IFRS 1021 and the Companies Act 2(K)6. ObJ¢ctlves and Actlvlti•$ The R8981 is a restored art dew cinema and iheatre wth auditorium seab.ng for 263 rAJStL¥nèr5. Its art deco features go back to its IgInal construction as a cinema in 1937. A Stud at the rear ol the au¢Jrtorsum provides community facilityes. me¢lirYJ and reheatsal s, and stages smal pertcrfrnance5. The Regal ¢s home to a ran98 ofactivities that indude films. broa(Icasts. live perfcmances. commvnrty ants and private lunctions. Th is a thrivirg Theatre SchL¥A for thildren and yourwJ peoe. and the assooated Regal Communty Theatre provKles similaf Opportunities for adults. L¢xal grcwJps use the RwJal as a performance or meets.ng space. and we are prtyjd to be at the heart ofthe Tenbury Wells o)mmLJnity. The Regal has a small stsff Structu of 15 includiThJ'. a Theat Manager linilially part-lime becoming full lime in January 20241 supported by part-lime finanaal. marketirg, administrat, HR and Vdunteer Devel¢)pment. technical and farilibes siaff plus zertrhcwJts deaniThJ and bar staff. The Regal has a grtjup ol contrador5 providing expert input 8nd technical suppNt, as required. f£ the naTe of the tMJsiness. It has a cc¥nmItt1 grtyjp ol volunt88r5 in Coveri box office, front of hwse, film prgeclion, IvJhtiThJ and swnd technicaans. bthtsge svpport. costumes, bar, sweets and merchandise sales, usher5, and chapertes. This year has seen an intentional increase in Volunteers also providing extra sUppt for thè office fvncbCS bn"ngiNJ th( ¢)•m exper1ise and wof$s&Lal b8ck9rounds in a ¥Untsry caparyty. The Regal Tenbury Trust is a management ¢yganisation sel up in 2012 to run the Regal and is lessee to Tenbury Town Council who own the building. We are hugely gralefvl for ihe Town Counal's ongoing support wrth the frequent demands of the building of this age and Ihr slewardship of the requirements of the butlding 's heritage stalus. The Trust is a registered charity. and any surpluses are invested back Into its acttvitiès. The purpose of th6 charlty as statthj in Ir of thè s•$ of asscoaticffi. ststes the tsjmpafiy's ¢jbIalveS are to advance educatirfft. underslandiThJ and appreciabcfft of the Arts. induding audio visual arts primarity bLrt not 6xcluwvdy. for Ihe benefft of the public ofwrXcl. Herefordshire and shropshi. The Tftsstses have paid due regard to guidance issued by the Chanty CommissiC in pect of public benefit In t1oc¥ding what activities th8 company should undert8ke. Our Mlsslon. Vlslon. Values and Strateglc Olrectl¢)n Our mission Is to be a great 8¢e to wsil and wort in the swvi¢e of the Arts vthile contributing lo a heathy swety. Our vision is to be a centre of excellence and excitement for the performiThJ arts pwding something for everyone, with a diverse. appealing and wide-rdnging prc¥Jramme olfilms. bmadcasts and hvJh-gu&lity Iivo p8rlormance5. Our values The Re981 is all aboul peop. CsIsting of many cnmmunitiès amongst oJstL¥ners. staff. voluntee15. perfomiers, and parlners. We bdieve that the Arts ean inwre, eww38ge. and ultimatety c4)nlribtrte lo a healihy and happy community. Our values are the fundamental belbets UF4X 1¢h the Rè3al 15 b85eJ and are the Iwndation for we behave and go about ouric*nl work. They guide c¥Jr intewiicms with each other. thJr customer5 and our partners: We are creative- everyone has a tributIOn to makè. We treat everyone with S[Cl. kiThJness and con&derab"on. We airn to be indusive and 8rnbrace diversity in every vray.
REGAL TENBURY TRUST LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 JUL Y 2024 We 8re wami and friendly ant1 seek the best for cthers. We work as a team with èach other and ojr I1 partners- al F48y dillw8nt parts. Our strategic priorities lor thè 2023-2024 financial year-. FinarKial management.. Incrèas¢ ineom•. dec¥oa8e expeThllture, improve cash fky Increase capacity.. 5fflartèr us8 of skills. expwienc• aThJ improved mol1vati of Vdunt•ars. Staff, Trust•s ènd supwlers Widen audience b8se: dev• prrfjr•mm• to appeal mor• lo famlli68. thildren and yrAJry pwI•. Widen geographical basé. Improvè customffi experience D•SA community enga98rrt.' Build on rd8tionships wth local Or1$0t$ to h<>8t mLve ¢¢thmunlfy-¢•ntrk •vents. Facihtste a broader pwramme o1o¥ents vknb¢h b&ttw support the C}munIty Our Pro9r•mm• We aim to be a Cenlre of Excelbnc• providin9 a dN•rs• an¢J wld&rnrKJing prc>aramme apaling to Our ¥ydien¢è and custom•r bas•. W• Intend lo ¢Jeveky more Uve theatre. fostivals and a variety of professlonal productions in addition to that whith do nry4V. Our Pla The beautifvl art d•¢0 Re9al Th•atre and Cin•ma bull¢JlrKJ vthh its primts hKJh slrnet hx4llon wlll conttnue to be 'do$llnallon' lor VItOrS and kuls allke: a real benefit for the of Tenbury Well$. The Ragal Theat is our grealesl 8sset and has been rest(Xgd with care and recgnt Improvements have ba•n excollenl. We do nol want to sland still and will 59gk furth•r developmani to support tsjr ambitions fw the future. Our locus Is on.. A great customw and vdunteer experthca webY every axpwienc an onJoyablo and row•rdlng me at Ihe Regal. 8•ing • placo at the very hèart ol th• kul ct#nmunTrty- Opport111•$ for p8W•. youn9 and old, to moot, •xcol and •xpr¢ss th•msdves. Flnanaal sustainabillty- 80 that luture generabS ¢8n en the RwJal Pr0cl Ouf h1 buildin9. Our 8udtence figuv•s h8vg 0801. Th• R•gal has a div•rn•, •xttling pffjgr•mm• and our annu81 pantomlm• and School ol Creatlve Arts. The Regal Community Thealre Group's productions go from strength lo Strength. As well as attracb'rwJ 8ell-wi au¢JerKes orKI rwiws. Ihey to altrad • w•Jer of perfLYm8rs. We'r8 commrtted to building on ihe aueen's Awafd lor Voluntary Semce recved in the July 2019 financial year end 8nd to re¢rJni¥ing the crttstsnding wryk our vc4untgW5 do to make the Rg3¥l suth a Succe and to bemfft th• I81 community. Rruitrnent of voluntogrs bt•n importsni, ¥rKI Ihis yèar has $t•ady stats In our vdLtnt••i numbefs wlih SLTh StepplThJ dNn lor pwsc4ial sOnS and new people Joining who also bring a we8llh of experience and expertise that we try io rwnise and vblise when appropriate. Tho team slnjcturo is support•d by a committed group of Team Coordinal¢ys wlK> contribute lo improwng our operati($ whilst training an(J SUPPOrtlng members of th1 leams to remain mob'vated and equippe(l as well as rgceivin9 impcfflant nrnunications. The year has seen improv•d supporl fLY Vdunt88r5. wth impmved gc¥yJ cc¥nmunicatiGffjS, wlth monthly newsletters and provison of training and sooal aclivty. Arnwt the voluntews we see a grgat S$0 of comrnltment and communKy. This year we have been w(kir¥J on our finanrial slatslity uThJer the guidance ol our rdabvdy rol• of Trustse Treasurer and havè continugd to appty Strin1 mèasuros of flnanaal CLX)trd over expendlturo and improved planning for income as we aim to balance our bJdget and reduce the deficil. The business Ihis year has beèn steered by an annual budget supp(Mtad vrilh a business an. car•lul mon0119 and a concrt8d effort to suppl8rnent our incL¥ne with targetet1 lundraisirvJ. By the end of this finarrial year throu9h managing our costs an(1 cLJntracts rigorously. and a strategy of maintaining our irbcrmne thrh a stroThJ prL¥Jramme of events have shown results. The pressure of running a busy prc¥Jramme meant thal we have undwperformed on hiring our facilitses ¢0
REGAL TENBURY TRUST LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 JUL Y 2024 the full and whilst we have Irked hard on Fundraising through the concerted efforis ol wr Thtsatr? Manager and the invigorat8d Fundraising Committee, and exrct lo see the results with increases in donated income in 2024125. We have received invaluable support Malvem Hills (list Councal fc many ol (wr prgects. We have been able to replace ourfilm projector and screen Trmlh generou5 dall$ and a grdnt from the Malvem Hills Rural Fund. We also received a final payment from the genercKts IJaC from the estale ol Niall Iork which has allowed us to provide the necessary match fundirKJ and manage our cashfiuw tn slcAW trading months. The Burford Trust, David Charnbers, Worcestershife County Counullor, M8wley Milk and Frank Matthews Ltd as wdl as some generous anYmouS donors. This provwjed a setsjre base for us to conbnue to provKJe a vaned pn¥3rafflme and capilal improvements. The year saw the cn11trnen1 of seven new Trustees. and we cocpted the Chair ofthe Regal Community TlIe onto the Board. The trust8es bn'ro vaned and v81uatAe professional 8xperierw and 8xpertise to join the exisling membership. The new Tru51ee5 have invvJ¢yated the govemance Str[lre ar¥J deveh)ped a morè comprehensive commrttee stru(lure- Finance. FundraigThJ. Health & Safety and Faolities. and HR & Volunteer Development. This has allry&Y for successKm planning for ihe posts of Tnjslee Treasurer and Chair. A new Trustee Treasurer was appointed in Juty and in June we twn a wocess to recruit a new Chair. We've continued lo improve the qualty of our perf0mar5 and usè of community spaces and to extend our front- of-houso facilities and services. Our in-h(yJse Bar by a vdunteer team an¢J inclUdj part-time bar staff provides a solid income eswialty fr{ capaoty audwces. This ableS us to prowde better farylities fix the community, more high-profile products'ons, and MO revenue streams. Ovr Ma011rJ h8s Inased rnarkty wth a vibrant social media presence and production of a new at'S On guide. We have plans to develop better sponsorship. donation schemes and a legacy scheme to provide rn0 kng-lemi supplementary income to secure a better future. We fecognss8 we have st9 Ictal compth.tm and ktal businesses Ic# to prowde farylrt and entertainm¢ f( small events and arts fvndirg remains scarce arbd competrbve. We have had several propety issues induding &Jing drainage and roofirg whth have negded attention and fr8qu&nt repair. We are hugely grateful to the Tenbury T(Y+vn Council for Ihr hanl work and resources to investKJate and provide a prcMJramme of vhw requirgj. Thern is still damaye to the Foyer area resulkn.ng fmm fk¥)diNJ wuirirrfJ r•pairs this coming year. 2023124 Ov•r¥l•w and Hlghllghts The progr8mme wtr offer goes frcyn strew to strew some ¢wstcwners fYirwJ bath Ihat thwg is n¢7w a widè choi( on a variety of fronts. It has been a year many hvJh1hts indLMling the Plea9 success of home-grown IAl8nts not8bty; 8 Nht at the OFef8 featuriNJ Erika VVLMxling, iyjr head ol matheb.ng in her professic81 capacity 8S an Opera singer and the Neen Sdlars and Milson Community chryr. There was a near sell out production of Dad's Army by the Regal Community Theatre see1j the audience parlKapalion spontangousty ngia thè opèniNJ theme song Irom the ongin81 TV sh(w. The RCT ccN)linues to gr(Mf and thrive with other su¢¢vasful perfrThan¢es such a5 'In5pectOT Drake's Last Case- and IreasIng membership. The Regal Sch¢Jol of catIve Arts meeting weekly lorchildren and yourJ ple underthe dbr8ctK)n of Dr Mia Gordon ¥nd Pgts Thorogood stsging performances of Wh8n in Rcmne in thè autumn aNJ Thè Litue Princess in the sprirrfJ enabltng students to eXpence PerfMirj in the audrtorium to an audwce of famity. friends and SUPFKrters. We have conlinued to fLUS on a prcsramme of live mux featuriNJ ka¢JiThJ In"bLrte acts. Notsble successes have been Talon. Th& Mersey Beatles. The PlUmfC Story. Abba Sensation. Man of the Wcld the mu&c of Peter Gr8en fèaturing Remi Harri5, Simon and Garfunkel Through th8Year5, lh8 StcKy ofGuitar Heroes and the Bohemians. These perfnanceS sell tyjt quKkty. demonstratlng their popuknty and ge[ale Fostsve revEws and rgpgat audiences. The appearance of Paul Je$ wtth The Manfreds. was a huge success as **rns Kirg Pleasurg and the Biscuit Boys and Miles Hunt. from The Wormler Stuff wth suprM from Hattie Whrtehead.
REGAL TENBURY TRUST LIMITED
TRUSTEES REPORT
FOR THE YEAR ENDED 31 JUL Y 2024
For folk musie lovers Lindisfame and Fairwt ConvenlKm enj¢)y their visits to the appreciab.ve audiences at the Regal
and nawèr. lessef-kncwm artists such as Gwe B(vnsffla raceiv•d amaziThJ feedbaca. The Regal Fdk festival took
place from April 15-20 featur•J Grey Woc4f and The 4 of US wth Smth and Brw.Du• to rts SUCC6SS. this f8sval
will boeom• an annual event. We also hosted Ihe'BBC Introduces. a mLtsic InfwmatM)n proaramme Sh319 local
tal•nt who were excAlent.
Comety ¥ow thè r•ium of Andy Parsons and Rkh Hall ¥btho8e ¥isit wa3 exknd•d to nh3hts. (hjr o)mody
programme conllnues to featuro hbjhty into Ihe programm• kn thè eonmng year with pkn8 ts greater divew5ty.
We hav• s••n a st•ady film audkn with Bath and Oppenhewnw bwn9 ewally Su0)1 in th• summ•r of
2023. The in1balK of Throwback Thursd8y8, a wnmLmrty pici¥l, In119 WgeMent by a voting for the m08t
favrAJred films lo b• shtrwn on Tltufsday evenings has dfawn a loyal audienc•. The Regal Nyned the Bordèrfinès Film
F¢stival in the swing bringry new visilorn to ihe R•J81 and Tenbury. We in1w to cg)nlinue to partldpat• In th•
Bordertlnes Film fvstival.
Thè audlonces fof Ilvo streamlng of opera. bamet and theatre have remalned very loyal and numbws ar• sie•dlly
Increasing to see the hh quality ol producti$ slreamed Irom the Nabonol Thèatre ant1 Th• Royal Opera Hotss•.
These 3hcM8 h¥v¥ n¢ted htyly from piotor and Scra Immediately Improv08 the cOnstcY
and quality of the roproduetion ol both the wsual and sound for these evenls.
Our annu¥l prOfon41 nI¢m[ma, Aladdfjn wa$ • mod8m twlst on th• Ih8m• tsklThJ audlencos Imm Teme Street to
NoThvay ont1 sellSThJ ovèr 5400 tickets. the bost ticket sales in recent years. Chris Garner and hls team worked
collaborauvety the Rogal tsam of stsff and y(nie5 10
REGAL TENBURY TRUST LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 JUL Y 2024 The Trustees have assessed ihe risks lo wlmch tho wnpany is èxpose(l and are confident that eff&cti systèm$ are in place lo minwnlse expctsure to these dsks. Th•so iThSud&'. Ensuring a diverse ant1 appealing rang• of •vents that altract a strorwj payin9 audwce Activdy engaging wlh all members ofthe communrty MaintainlThJ a suffiuenl and committed voluntter base to support Regal's wrolions M8na9ing rising crAts th proxtive stratwJs Floodlng N8vi9atsng increasing prop8rty maIntwnco and r•gulatw ccmpllanc• Cts In cr h14)¢ bullding Abc41tkn ol M•fv•m HM13 018tcl Counc. as a of rJJr ¥cvliie8. R•Mrv•• Pollcy The reserves alms for the charfty to hc4d free resorvos In Lmre8tilcl funds to a18vd thal oquat¢$ lo • minimurn ol four months totsl annual expenditure. The tnjslees consi¢Jer that this knl will provKle entyjgh fvnd$ av8il&bl8 to cover varialjons in 5taffiThJ and ovwhgad 81$ in th8 modium lenn Al th• y•ar end the ComNY had re8ffiv•s 01 £102.132. malnty In cash. The Trustees hav8 glven du• rffjard to th¢ lacl that thè TrV•S do not moet lh¢ i•quif8m8nl of four months, experKIrtul£l8O,OCQI as at Ihe 31•t July 2024, bui not• lh• cc4)sidefabl6 IMPrm•nt ovw tho pr•vious year. Du• r•g8rd h•$ been glven io thi$ Fo81tth In the wng concwn note p890 11 of these accounts. Pl•ni for fvtur• p•rl¢)d• The Tru8t8e8 In1d to continu8 and d•vdop the actlvltl•s m8n110n abowo. Onè partieul¥r •rg0 1$ films and •¥enls lor childr•n and yrMng pooplo". T8nbury'$ popukgtion 1$ gen•ralty older than av8f8ge but InCrean9 fam11S are rnovirvj into thè ar•a 4$ nw htyJyng is buim. Th• dsks m•ntion•d in th• Fin•rKig1 PerfrKman¢• •rbJ 88ctiM are rknant. We continue lo seek addlilonal Bour6 of lun(Jlng and bulldlng skll$ In Ih8t arna. Structur•, gov•m•nc• and m•n•g•m•nt The R•gal Tenbury Trust Limiled is a crynpany limrted by 9uaraniee gOVed by its Memorandum and Artlcles ol Assodatlon t18l•d 17th February 2012. 11 18 rtyist•rnd 95 a charity vnlh th• Charity Crynmiwon. Every member ol thg charily promlses.11 ihe charlty Is issc4ved vthile he or she or N is a member or within twelve mth# after h¥ or she or il cèas•s to bè a mèmber, to contribute Such sum IrK)t exceeding £10185 may be demanded of hirn or her or It towards the payment ol the debts and liabilities ol the charity irKurr8d belore he or shg or li cea$g8 to be 8 member, and of the cost5 charges and expenses ol winrJiThJ up. and the adjustment of Ihe rights of the onlributorfes amorvJ themselvos. The Trust••s ar8 umimatdy rss1b1e fry all #SP Oftt Rtyal. D•1•gaI responsibility has teen glven to the Tatre Manager. whose Wofk is overneen by the Tnjstees. Certain Twstees al80 use professional qualthcation5 whgrg rtlevant. Th& Trust88$, who arg also th• dTrrKtors ft¥ ihe purrx)se of comwy law. and served durlng the yeAI w•ro". Ms Jane Allen Ichalrl Ms Janet Chapm8n IDoputy Ch•irl Mr Anthony Oennant, ITNstee Treasurer) Resigne(11" Au9USt 24 Mr Peter Drow R¢signgJ 20th Seplgmber 2023
REGAL TENBURY TRUST LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 JUL Y 2024 Mf Jonathan Brethert Mrs Julie Porter Mr Anthony Sffl¢• Ms Rachel Crockett Dr Angela English Mrs Marfon Evans Apwxnted 19• S•ber 2023 1 R•sKJn•d 5th Dec•mb•r 2024 Mrs Diane Fletcher Apwnted as ¢elary on the 13• Ntyember 2024 Mr Mik• Fox Mr John Le8man Mr L8ur•ne• Clath• Re8ign•d 19th S•plwnber 2024 Reslgned IV Seplember 2023 Reslgned 4• Seplember 2023 Appolnted 13. Nov•mb•r 2024 Ms Jane Harri Mr3 Kathryfi H¢Mt M188 Katy Rodger8 A8 ofth8 13° Novemb•r 2024 M$ Jane lan VAII r•slw 0$ Ch8lrvAth M$ K¥ty R¢ Wn9 appolnted the Chalr. Trustees 8re recrutted through adverbslng and Identrfiod Ilwh kKal nehvorking and prtsto 8pOnlm•nt Invlttyj for mèétings or int•rviows in¥Ving Trusl•es, slaff. voluntw rgpresentstives and partners. New Truste86 are Introduced lo the Regal's operalion5 and slnjclufe and briefed on th•ir18gal obligalions undef th•rty and compony law. They or• all invit•J to partsrypale by jolrng th8 Board's su1Cnm1tt80S and are expeclod to become Involv•d throughout th• y•ar. We ran a anned recruitment proces8 in September 2023 whith was successful In recru1Tha many now and hkJhly sult#blg m•mbw8 to th¢ Wrd. Th• Tru$lws 8r• r•SpSIble for thts m•In1•n and Inlwrity of the company and finand•l Informadon Induded on the company's webste. Logislabon Sn the Unit•d Kingthjn gov•ming t prep•rnti¢)n •nd dissemlnBiion of accounts may dlffef from legi80 In other jurisdicts. The Theatre Manager I"S•nlor Manag•fl. Mrs Klmb•r* Gr•nf•ll, wa$ ift po$1 throLKJhout the year. The Thealre Monagerfs remuneratK)n Is set by the Trustees usiThJ cL)mpaiable figures wh•r• pts$$ibl8.
REGAL TENBURY TRUST LIMITED TRUSTEES REPORT FOR THE YEAR ENDED 31 JUL Y 2024 StatoThnt of Trust••s r•$ponslbllltl•s The Trustees, who afe also the directors ol Rryal Tenbury Trusl Lirnit for the purpose of company lèw. are sponsible for preparing the Trustees Rewt and the Cnts in a(£ordance with applicable law and United Kirodom Accounting Standards (United KiThJdom Generamy Acc6ptgJ Accounting Praccl. Company Law reqLtiies the Twustees to pr8pare aCCnts for each financaal yearwhk give a true and tsir view of the state of affairs ofthe company and olthe incoming resojes and apFAl)n of rtsources. induding thg Inrna and expenditure. of the charilable company for that year. In preparing these accounts. the Tnjsts a requir&J to.. . soleci suitsble accwntirwJ Fdi¢ie3 and then aPF thèm ¢51StnI. - observe the methjds and principles in the Charitbes SORP: - make judgements and esb"mates that are $ble and prudrt. and - prepare the ac£oun15 on lh• gJin9 Cern basis un18S5 it is inapprw.ate to prèsume that the CLNnpany wll continue in OFation. The TnJstees are re5ponsibltr for keepiTrJ adequate &c(NJnting reccKts that disclose wilh reasonable aetyjrncy at any time the financsal postion of the cc¥npany and enable them to ensure that the aca))unts comply with the Cornpanies Acl 2006. They are also Sble for safeguardin9 the assets of Ihe cxynpany and he fcf takin9 réasonable steps for th8 prevention and detection of fraud and othèr irrwJularrbès. The Trustees report was approved by ihe 8oard by Ms Katy Rogors Chair SL Dated.. t-ebHLI ory 7GZ f .
REGAL TENBURY TRUST LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REGAL TENBURY TRUST LIMITED I report to the chaiity Irustees ¢)n my examination of the •xntS of the CLYnpany for tho y¢ar wded 31 July 2024 whlch •re Bet oul on pages 9 to 22. R•¥ponslbllltl•• and b8•1• of r•port A5 the charity trustees ol the company land also its di1¢5 ftylhe purFW ofc(¥npany lawl you are Tesponbl8 fe¢tho pP8¢90ft of the accounts in arLordanco wrth lh¢ r¢quirèm•nts of ihe Companies Act 2rLI8 20Cfj Act.). Having satlsfied mys•N th•1 the ac¢¢unts ol the ccthpany are not r¢quiffjd to bo •u¢dt•J under Part 16 01 the 2006 Act arbd are eligible lor Indyndént •xamination. I report in respect of my 8xamination ol your o)mpany's accounts as camad out und8f saetion 145 ol the Charities Act 2011 1.thé 2011 Ad'}. In carying oul my examination I have foll(ywed th• Dlrectlons glvon by Ihe Charfty Ccrni88lrm und•r s•cUon 14qSXbl of the 2011 Act. Ind•p•nd•nt •x•mln•rf• •t•t•m•nt I havo completod my wffllnal. l ¢mI that no matt•rs have come to my attention kn oxn•¢b'on 7Mlh th• oxamlnatlon 91vlng mo caus• to bo4ove th8t In 8ny material r08pect'. 11 AcctyJntiThJ Tectyds w•f• not kept In (•sp•ct of th• ¢<ynpony as regulred by 386 of tho 2006 Ad: or 21 Th• accounts do not 8CLord vthh those T)rds. or 31 Th• o¢counts do not comY 8cc(*JnlirvJ rnquIrerynts of8•¢lfit)n 396 ofth• 2Cth Act oth•r Ih¥n any requlrement thal Ihe accounts giv8 a'tnje and lair wew. whh 1$ not a matt•r consid•r8t1 as part of an independent examin•llon,' or 41Th• accounts have not been prepared mothcrflsand prfndplosofthe Statemenl of Rxcffim•nd•d Pracuce for accounting 4nd rewtiry by charrt6&s pable to charit8 preparlng th•'r jnts In accowd•n wrth th• Flnancial Rowrtlng Standard applicable in the UK and Republic of Ireland IFRS 1021. I hove no concems and have come acros¥ no cther matterB in eonn•clfion th th• •xamlnailon lo whlch attenllon should be drawn in this report in lo enable a und•fStandiThJ ol the accounts to be reached. Rlchard Ounkley FCCA CTA RD AcwJntiThJ Limited 12e Two Locks Hurst Businoss Park Briedey Hill Wgst Midlands DY5 1UU D8t•d'. Zoir
REGAL TENBURY TRUST LIMITED ACCOUNTANTS. REPORT TO THE TRUSTEES ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF REGAL TENBURY TRUST LIMITED FOR THE YEAR ENDED 31 JULY 2024 To assisl you to fvlfil y(MJr dutses under thè Companies Act 2006, wg havè Pr8Pal for ycJr approval the acctsJnts of Regal Tenbury Trusl Limited which comprise the Profit and Loss A¢xoJnt. the 8alanc£ Sheet and the relaled As a practiwng membw ofthe Assouab"on ol charte CertIfd Aectyjntsnts, we are subject lo its elhical and other professiLal requirements whth a detsilwj al h andar¢Jslrules-standard51a -fuleb(x)k.htrnl. This is made to Ihe dIreCt of Regal Tentry Tnt Limitwj. as a body. in accLYdance wrfh terrns of our engagement letter ¢Jated 22 Febrnary 2019. Our WL¥k has b88n undertak8n s(Aely lo prepare for your approval the 8cc<>unts of Regal Tenbury Trust Limrted and stste those matter5 that we have agreed to strt? lo the director ol Regal Tenbury Trust Limited, as a body. in this rerth in aCC(lanCe wilh the Assooation of Chartered Certth8d Accountants as detailed at htty)Jlww.aCcaJlobal.comlclenudarnlAcCA GIL>aVTechnicalMathe¢hnical- factsh88t-163.pdf. To the fUl$t extenl pItted by law. we do rl accept ¢y assumè re5Fthblty to anyone ottr than Regal Tenbury Trust LHnited and its diwtor as a brAly for our w{ or for this re It is your duty to ensu that Regal Tenry Tnjst Limited has kept adequate aCcwntij records and to prepare ststutory accounts that give a twe and tsir vbew of the assets. liabilibes. finarKAal posilion and profit or loss of Regal Tenbury Trust Limitgj. You consider that Rryal Tbury Tru# Limiied 1$ èxampt Irryn the statiiw audit requtrement for the year. We have not been instructed to carry an audit or a review of act£ntS of Ral Twbury Trust Limit. For this reason, we have not verified the acoJracy or oynpleieness of the accountirg reccds or infomiation and explanations you have iven tr) us and we do not. therefore. express any opinw on the finarrial ststements. TaxAs818t Accountants Firs¢ Florx Offices 114b Cuve Str8et Ludlry SY8 1DJ Dated: ... 1..7.." mAftLFI 20ZS
REGAL TENBURY TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JUL Y 2024 Unr•¥trlct•d R•8Mthd T(*tal Totsl lund• fund• 2024 2023 Not•• Donations, legades and grants Charitable actiwti•s 135.736 35.885 171.621 19.078 457.581 457,581 319,654 Bank interest fKeivable 1.896 1,896 Tot•1 Incom• 595.213 35,885 831,098 340,71S Charftsblg a¢llwli 536.933 536.933 498,977 T¢)lal rMourc•• •xp•nd•d 536.933 536,933 498,977 N•t l•xp•ndltur•ylncom• tor th• y••r 58,280 35,885 94,185 1158,2621 Transfers b•fvMon hjnds {35.8851 Net mov•m•nt In lund• 94,185 94,185 {158,2621 Fund balance8 al 1 Augu8t 2023 7.967 7,987 186.229 Fund b#l•nc•• •t 31 July 2024 102.132 102,132 7.967 The stslem•nt ol ffinancial 8divth$ Indud•s All g•ns and k)sses rwni8&J In th• y•ar. All income and eypenthtwe deriv• from continng ad11. Th• statoml of fin¥ncio1 actmtses also crywles witt) Ihe rnqukements tr an in¢JyM #nd expenditure account under the Compani•s Act Xl)6. 10
REGAL TENBURY TRUST LIMITED BALANCE SHEET ASAT31 JULY2024 UntrICt fvnds Rowled lund$ 2024 2023 Flx•d ass•ts Tangible assets 10 &3.040 83.040 53.874 &3.040 53.874 Current assets Debtors falling due vlthln or year Other Debtors Stock Cash at bank and in hand 11 12 1.647 33.146 2.473 97.688 1.647 33.148 2,473 97.688 1,438 5,712 1.618 134.954 134,954 75.403 Cr•dltors." amounts lalllng duè wbthln one y•ar 13 1115.8621 1115,8621 1121,3101 Net current assets 19.092 19.092 145,9071 Total ass•ts hss euff•nt Ilablllll•s 102,132 102.132 7,967 Reprented by: Unrestricted ftjnds Re5tricte(I fund5 102.132 102.132 7,967 102.132 102,132 7,967 The (ompany is entrtled to the exernptic frryn Ihe audit requiremt rAtsin8 in s•ctKw) 477 of the Companies Act 2006, for the year ered 31 Juty 2024. No member ol Ihe cc¥npany has ¢JeFted a note. pursuant to section 476. requiring an oudit ol these ants. The Trustees responsibilities for ensuring that the charity keeps accounbThJ recr$ 1¢h CoMY with seclion 386 of the Act and for preparing accwnts give a true and tsir view of the stat8 of affair5 of the company as at tha 8nd of the financial year and ol its incoming r8sourr*s and application of resources. indLNJing its income and expentJ1tu. lor the finanoal year in accordance with Ihe r4uirements of StlS 394 and 395 and which Othe1$9 rnpty with thè requiremenls of the Compan5 Act 2006 relating to acctyjnts, 50 far a5 appltsble to the company. These antS have been prepared in accordan¢e T the wo¥1$ applb to eompanies. subject to the small eompanies, regime. 2LSL The accwnls were apre by the Trustees ......................... 7C7 M$ Katy Royrs Chair
REGAL TENBURY TRUST LIMITED CASHFLOW STATEMENT AS AT31 JULY2024 2024 2023 Cash flows from opwatlng actlt41tle$ Cosh generated from operdtions (see bd¢MI 75.723 Net cash pmided by operating athvities 75,723 191.5881 Cash flows from Inv¢$ting acllvllles Purchase of langible fixwj assets Inter85t recesved {46.5661 120,1071 Net cash used in imiestiThJ actiwties {44.6701 118,1241 Change in cash and cash equivalents in ihe repcwb.rrfj PerY Cash and cash equNalents at the beginniwJ ol the rewxtirwJ period 31.053 1109,7121 176,347 Cosh and cash •quS¥aknnts at th• •nd of th• r•portlng wlod 97,688 2024 2023 Re¢onclll4tlon of n•t Ineomo I l•xpondltur8) to n•t eash Ilow from operavng acV¥ltl•s Net inetyne for the r¢porlirwJ wod las pwthe statemenl of finandal actNilles Adjusbn4nts for. Dèpreciati¢Jn and impainnent Interest feceived Decrease 1 lincreasel 5tc£ks Dacrèase I lincreasel debtS and (ther debtors Increase / Idecrnasel In crdit(xs 94.165 1158,2621 17.400 11,8gfji 18551 127.6431 15.4481 12,973 11,9831 1341 13.8431 59,561 Not cash provld•d by lus•d In) op•rnVng actlvltlos 91.508
REGAL TENBURY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 Accountlng pollcl•s Charlty Infofmatlon Regal Tènbury Trust Limlted is 8 private crynpany limited by 9uarant8è incoryxjrated in England 8nd Wales. The registered office 15 47149 Temtr Streei. Tenbury Wtr115, Worc8Ster5hire. WR15 8AE. 1.1 Aec<wntlng conntIon Th8 accounts are prepared in steding. whth is the I0nal curwcy of the oynpany. Monetary 8mounts in these finanoal slatèments are rouNled to nearest £. The accounts have been un¢Yer the histtyical cost conventic, mcKlrfied to include Ihe revaluation of freehold properties and to include investm8nt pryrties and c8rtain fiar131 instnjments at fair value. The principal aCtn11ng pclici6s adopted are sot tyJt bekpw. 1.2 Golng conr At the bme of approwr¥J the actx¥unts. the Tnjslees have a reasonable •xpectst that thè eofnpany has adequate resource5 to (x)ntinu8 in operational existerKe for the foreseeable future. Thus, the Truslees continue to adopt the goirwJ corwn basis OfaCcng in wepariw the acctyjnts. However. they a aware Oft n••d need to ensJJre that the business retain5 a sustainable trading posthn. 1.3 Charltsble fvnds Unrestricted ftlnds are availa0 for use at the dis(Trtion of the Trustges in fvrtherancE of their tharftable objedives unless the tunds have be designa for rtsr purp(bses. Restricted lunds a suty'ect to specific conthtis ty dOnS as lo ho4 they may be used. Thè purposes and uses of the Testricted fvjnds are Set ¢Jrt in the notes lo the a(yx)unts. Ent1owment funds are subiecl to speuk ccffji&ts by dcrflrxs that tha capilal must be rnaintained by thg company. 1.4 Incomlng r•sourc Income is rec(NJnised the company is IallY entstl to itafter any rwfrThance C10n$ have been mel. the amtyjnts can b8 measured rellay. it is wrknble that inc4Jm9 be rwed. Cash donations are r8cLwJnissd on rPt. other ¢jallonS a recogniswl once the (ompany has bgen notsfied of the donation. unless performance ux)ditions require deferral of Ihe amount. Income tax recoverable in relats'on to dtionS recaved urKler Gift Aid CK deeds of covènant 1$ rowjnised upcffi reCpt. Lega85 are TnISed on receipt or olherise if the company has been not of an impendirvj distributton. the amount is knovm. arKI receipt is e¥te{l. 11 the amount is kno1, the IwJacy is treat&J as a contingent asset. Incryne that is reVed in a(fvance of a [¢ton l film l)wng delivered is rèco3nised in thè aCcntIng p8ri0d in which the Woductlr l film is shcffi*m. Grant income is reccgnis8d in the accountiTvJ period in whh it Fs recewed unless perfom)ance ccffjdthns deleryal ofthe amwnt. 13
REGAL TENBURY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 1.5 Tanglble flxed assets Tangible fixed assets are inFbalty m&asur8d at CgJ5t aThJ subsequentty fisure at cost or valualion, net of depreciation and any impaim)ent h)sses. Depreciatyrm is wÈets3ni3ed so as lo write oft the cost (K v#luatKM) of Igss th&"r residual value¥ ovw their selul livas on Ihe kllowirwJ basos: Plant and equipment Fixtures and fftting5 Office equipment Land and Propety 20% tjeWl8 a reducirrfJ balance ba%s 20% depreu8tion on a reduring balance basls 20% dèpieo"atKn a roduurwJ balance basis The gain or Ioss 8riSiTh3 on the disposal of an asset i8 ¢Jelwmin8d as the differwKe bgb¥een the sale woceeds and the carrying value of asset and is rwnised in net incomellexp8ndilur•l for the yoar. 1.0 Impalrment of flxed a68•ts Al each rewbro end date, the company revw•45 thè ¢affrj am(NJrts of its tangibl$ assgts to d8tsmin$ whether thefe is any Indicalic Ihal those assets have suffered an impaimwntloss. Ifany such indication exists, the recoveratA$ amount of the assel is esllrnat in C to delerniine the extent of the impainnent loss lif any). Intanglble assets vAth indeffinrte useful lives and intsng)be assats yet avaiiatjle for use are tssled for impaiment annualty. and vh)erver the is an indicalion thal the asset may be irnpair8d. 1.7 Cash and •qulvalents Cash and cash equivalents indudo cash in hand. dèKwis hèld at 11 with bank$. other short-term liquid investments with original maturiiies of lhe mcmths or less. aThJ bank oveft1wafts. Bank CN8rdTrfts shcml wtthin bornwngs in currenl liatN'litigS. 1.8 Flnancial Instruments The company has elected to aFvty the provisions of Section 11 '8ac Finanraal Inslrumenls, and Section 12 'Other Finantyal Instruments Issues, of FRS 102 to al of Its firwicaal instwuments. Financial instruments are recogniJ in the companl5 balarth sheet Wh the wnpany becomes party to the contractu81 provion8 of the instnJmenL Financial assets and liabilities are offset, wrth the rt amwnts presented in the financial ststements. when there is a le9ally enf(Yceable rvJht to set off the recc¥JnisaJ amounts and th*¥ is an Intenti to settle on a n8t basis or to alise Ihts asset and settte Ihe liatskty Slmuhwy. Bask Iln•ndal•ss•ts Basic finanaal ass8ts. which indudg debtors and cash and b8nk balar. are InallY measufed at tsansactic price induijirg transth costs and a subsequenuy carrie¢J at amorbsed st usirrfj lh8 effective inlerest methLx1 unlèss the 8rrarwJement constilules a financiry Iransaclion. where the transactton is measured at the presenl value of the future receipts discojnted at a market rntts of inlerest. Finanual a&sets dassffied as retswabls within one year are not amorfised. 14
REGAL TENBURY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 8aslc financial liabilities Basic financial liabilities. indudirwJ Cr111 an(1 bank loarts a in81 (ty3n1sed at transactK¥n price unless the arrangement Conslitutès a finanrirg transathon. where the debt instrument is measured a¢ Ihe present value of the futur& payments discounted at a market rate of interest. Financial liabilities dassw as payable within e year are not amortlsed. Debt inslnjments arè subsequenlty carwiad at amorb.sed u)st. usiNJ the effedNe intgrest rate meththj. Trade credit(Ys are obl•3alicms to pay fry go¢Js s7¢e$ that have been acquir1 in the ordinary course of operations from suppliws. Amounts Payable are cL?fied as ¢xrrent liabil"e$ il paym8llt is due within one y88r or less. 11 not, they are presented as n0n-cUrnt liabil.e$. Trade ClI0r$ are recognised inits.ally at transaction price and subseouenty rneasured at arncbsed cosi uwwvj the effeve intergsl methcxy. D•Y•cognttlon (rfftnanclal Ilablllllos Finanual liabilrties are tlerecognised when the company's ContractL1 019atiOnS èxpre or ar• discharged or cancdled. 1.9 Employ b•n•fits The cost of any unused hdK1ay entitb8m8nt is rwnised in Ihe perd in the emF4oyee's services are Twminalion beneffts arè rec(NJnised immediately as an exwsewhen the c(Mnpany is deIrstr8bty ccnmrtt to terminate Ihe empb)Ynt of an p10Yee or lo rKovide lerminatirm t)8n8ffts. 1.10 R•tlr•m•nt benofits Payments to defined 11t10n retirement b8n8fft schem85 are tharged as an expense as trw lall duè. 1.11 Stock Slock is valued ex[Ing VAT an(1 at the of cosl arKI net realisatle ¥aluè. The stctk Induded in th• attounts relates lo the unus8(l B8r slock as at the 31" JLly 2024. Crftlcal accountlng estlmates and Judym?nts In Ihe appltiOn of Ihe company's accrAJntirwJ policies, the Trustees a required to make judgements, estimates and assumplirms al)rt Ihe carying amountofassts and liakn"lities that arè not readi apparent from other source5. The 85timates and aSSalert assumptIS a bas&Y on historical exwience arKI other factrys Ihat are considtired to be relevant. Actual resutts may differ from thesg estimales. The estimates and undety.ng assUmptiS a revithved on an 9n9 basis. Revigons to accountir#J estimaies are recc¥Jnised sn the pen.od in which the estimate is revised where the revision affects only that peri1, or in the pericrfj of the revisicffl and fure we the rw%on affects both Cunt and ftrture periods. 15
REGAL TENBURY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 Donatl¢)n•, b•gaclM and w•nl• 2024 2023 nr Donations Malv•m Hills D¢strict Ctyjntsl Grants Worc8Stershire cOty cou1 Burford Trust Anonym¢)us Theatr• Tax Crodlt Bequests Gfft Ald 9.743 5.438 18.578 2,500 14,051 100,0 135,738 19,078 2024 2023 Tumer Twsl Malvem Hllls Dislrfd Cnl l Rwal Prospwlty Fund Burford Trust AnY15 2.000 21,38S 5,000 35,885 16
REGAL TENBURY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 Charltabl• actlvltlès - In 2024 2023 Film Live shows Broadcast Booking 14•s Theatre company tKket income Theatr8 company wbWptit income Regal sch(M)l of creative arts ti(*et IrrAa Regal school of creth.ve arts subsCripb" income Regal ambassador m8mLvship ir0 Regal friend membership inrne Studio hire Theatrè hir8 Advertising iome Bar income Merchandise InCe Sd10 hc4iday dubs. wthshcys, arn1 %mikr events 23.627 274,025 9,158 37.894 14,430 818 22.691 182,897 11,315 28,923 13,862 415 1.386 7,071 750 1,863 778 2.584 1,414 42.835 775 115 7,728 1,134 3.587 8,597 63.8&3 8,554 Total 457,581 319.654
REGAL TENBURY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 Charlt•bl• aCtitIo- Exp•ndlturn 2024 2023 Fllm Llve shows 8roadcast Th•atr• company expendrture Regal schcd ofcreative arts expwKlilurn Oth•r we41uction expenditur• Baf •xp8ndlture Adverbslng & br¢hure rnst¥ Cort1 woc8ssIThJ 8nd bank cha Box office and sofvare costs Rent Wws and salarbes Employer's nation¥1 insurance Employer's wn$ion contributn$ W#t ratès Llght 8n¢J heat RepalrB and mglnt•non Irr•cov•rabl• VAT Sundry expendlture Staff tratnin9, hospitslity and w•lf•rn Offic8 stalonery Legal and prof•$$ional Accountancy and b¢*kegpirvJ Insur8ne•8 LIcenry T•leph¢)nts •ThJ int•m•l Clèaning and wast• dispwl Recrultment and volunteffi c¥)8ts Travel IT equlpment and serylth Depreciatlon Land •nd prop•rty Imp•irnwt 11.171 218,333 4,045 4.519 7.941 3.253 28,729 14,676 5,841 12.232 1,920 115.469 2,368 2.030 3.837 13.118 13,180 21.849 457 2.329 1.417 5.263 5.311 9,486 1.172 2.145 12,465 125,368 5,512 5.052 11.236 8,303 19.843 28.421 9.087 11.068 7.770 139,740 4,889 2.431 1,420 15,098 15,618 21,213 267 2,435 1,807 5,255 15,493 9,5 774 1.843 2.833 18 5.471 15.414 3,450 12,973 530.933 498.977 18
REGAL TENBURY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 Investm•nts 2024 2023 Interest ToNabl& 1.8 1.983 Trust••s None of tt)e Trustees lor any p•r5cffis conr*cted wilh them) any remunaation or benefits from the company during the year. Employees 2024 2023 Numb•r Number Avèragè number of mmthly èmployg95 duriNJ lh6 year 15 11 Employ•• •xp•ndltur• 2024 2023 Gross wa3es Employer's natiLYHI insLwance Employerfs pension (x)ntribubons 115,469 139.740 4,889 2.431 2.030 119,867 147,060 19
REGAL TENBURY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 10 T#nglblo flx•d a•Mts Pr*wrty Plant ¥nd Flx¢urgs Offle• Impfov•m•nt• •qulpment and fittlngs •qulpm•nt Total Co•t At 1 Augu$t 2023 Additions Disposal 73.063 44.270 7.230 2.296 9,612 91,891 46.586 At 31 July 2024 117,333 9,526 9.612 138.457 O•pr•cl•tlon and lrnp•lrnwnt At 1 August 2023 Depreciation ¢h8rg•d In th• y•or Impaimi•nt 30.921 13.005 4,fy)1 1.123 38,017 15.414 1.986 1,288 Al 31 July 2024 43.V28 4.381 5,124 55,417 C•rrylng Arnount At 31 July 2024 73.407 5.145 4,488 83,040 At 31 Juty 2023 1,988 42,142 4.135 5,611 53,874 20-
REGAL TENBURY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 11 O•btor•: amounts f#lllng du• wlthln on• y•w 2024 2023 Trade debtors 1.647 1,438 1.647 1.438 12 Oth•r d•btor• 2024 2023 VAT Prepayments Oth•r debtor Deferred exp•ndltur• 1.406 1.892 21.365 2,910 2.794 33.146 5,712 Deferred expenditur• r•l•l•$ lo ¥xpwiditure InrIed in •Jv•nced ol a voducti I flm 1r4 d•lfvwad. The expendilure 13 rekrya81 durirvj Ihe acCtIng pwi¢l when th• woduciKffl l film is shcfyyn. 1) Cr•dltorn." •mounts f•lllng du• wlthln on• y••r 2024 2023 Pensi9 PAYE Dèférr inccffle Tr8de creditors Ac¢ruals Unredeemed glft vouchers Oiher crnditors Net Third paty hlrers 418 7,665 73,151 28,769 7,294 2.44fj 14 67,371 31,549 8,019 3,719 5,237 1.247 320 517 115,882 121.310 21
REGAL TENBURY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 14 D•f•rr•d Incom• 2024 2023 Delerred inccffie 67.371 73.151 Income Ihat is raceived in adVar of a prtsjuction l film I hire income bng delivered ts defeThed. The in¢ome 1$ rel¢•$8d durfng th¢ ¢n{alWa perKMJ Wh the productw l film I h're incm 6$ delivwKI. 15 R•tlr•m•nt b•n•fft •ch•m•• The Company opèrates o d&fin•d contn"bulion ponsion 8theme lor all q¢J81ifyin9 employees. The ass•ts of th¢ scheme are held separatdy Ihose ol the company in •n independgnly administèrèd nd. The charge to profit or h)ss in mp¢¢l of def• ctytribulion 8chfjm was £2.030 {2023. £2,431) 16 M•mb•r•' Il•bbllty The CnnY is limited by guarantee. nol having a share capilal and consequgntly the liabilty of m•mb•rs 6$ Ilmll•d, 8ublect to an undertaklTrJ by each member to ¢Mtribut¢ lo the not ¥$sats or Ilabllib&s of th• company on wlnding up suth ¥mount$ ¥$ may be reqLMr•d f{ exceeding £10. 17 R•nt commM•t• Durlng the year the company madts th¢ poymtS'. £1fyJ per m¢)nth far t Ml81 of a unlt. The rent payable on ihe thealre is o peppercom. 18 R•l•t•d party trnn••etlon• One Irusteg. •lso an adive bDlunleer. r•c•i¥ed tra1 expenses of £342. 12023: none) -22-
REGAL TENBURY TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JUL Y 2024 19 Romunwatlon During the year no erwee wa$ paKI In excess of £60.IiMJ. The costs to ¢M0Y key Inanaget perne1 OuritwJ Ihe year amount lo £39.20212023.' £37.3701 Trust h•J nil TeMurat10n I the year. In¢m eoll•et•d on b•hall ol thlrd p•rtl• During the y•a¥ revenue was rL4tected on behall of Ihlfdyrty hirfj(s of £4.694. Th wenue was remiited to th• hirw loss any tion ts vwu• and equipment hire. 21 Ex•mln•r f••• During the year the (yjmpany incuThed an expgnw of £380 kn resF*d of th# independenl examiner's ¥ecountancy l••. 22 R••trfct•d fvnd• During lh¢ y1 the Tw81 rncelved grants and dona0c8 that ww• sp•dfically for tho purch8se of cerlaln •quipm8nt. The grani3 and (81$ were duly spent. in ftAI. on tho agr••d 8qulpmnl durin9 tht 31 July 2024 aCCnn9 yeaf. 23-