Marina Theatre Trust
Company limited by guarantse
Financial Statements
For the year ended 31 March 2023
Ctynpany Reglstratlon Numb•r 07824326
Charity Numb•r 1149133

Marina Theatre Trust
Company limited by Guarantee
Contents
Year ended 31 March 2023
Pago
Trustees Annual Report lincorporatyng difftcloV5 teporti
INJeppndent auditors report to the members
9-11
Slaleffent of financ4￿ acbmlies lindud1￿ income and expenditure accounti
BaL8n¢e s￿et
13
Statement of Cash Flows
14- 15
Notes lo the financial stslemenls
16-25

Marina Theatre Trust
Company limited by guarantse
Trustse$' Annual Report
Year ended 31 March 2023
The Trustees present ih8ir reporf and audrfed consolidated finanrjal statements of th& tharity and aroup for tre year end 31 Marth 2023
whlch are also yèpared to meet regulrements for a direclo¢8 report and attount5 forcompanies Ad purpose8.
The finarKial sialements have been p￿pared In 8c¢ord8nce.with the accounting policies set out in notes lo the accounts and Gomptywth
the ch8rSVs goveming document, Ihe Charibes Act 2011 and Companie$ Ad 2006 and A￿unD"￿9 and Reporting by Charithes". Ststemenl
of Recommended Pracllca appllcable lo chanlies prepanry their aGcounts in accordance %￿th th8 Flnanrial Repoibng Standard
applieabk in Ihe UK and Republic of Ireland published in O¢tober2019.
RgfgT•nc• and Adrnlnltstr*tfvo D•taMts
Ragistsrnd ¢harfty n4m8
Marina The*e Trust
Chartty reg15trttlofi thumbèr
1149133
Company rOg￿lTatIon numbgr
07824326
p￿nt1P￿1 offic• and rngb6tsr•d
offic•
The Madna Theatre
Marina Road
Lowe510ft
Suffolk
NR32 1HH
. Th• tru8t
The trustees who served durfnu the year and al the date of approval were as follows..
Mr D Btyth ICh*lrl
MrA J Gallant IVSce Chalrl
hhrs H M Clover
Mr N J Cuifingford
Mr M R Pinner
Mr R R T¢)wnley
Mrs S Barker Iresigned 30 June 20221 (L￿eStOftT0wn Counul appoSnteel
rs A TaWor (resigned 19 May 20221 (Lowest0ftT¢￿ Counryl appointtÈl
Chl•lExqcutlv• Offlc•r
rs E Buler Smrfh (until May 20231
Ba#k•rn
Lloyds Bank
16 Genlem3n'5 Walk
Norwich
NR21LZ
Audltor
Lovewell Blake LLP
Chartered Accounia*is &
SlaluloryAuditor
B8nk8lde 300
Poachman Way
Broadland Busir*ss Park
NO￿lC￿
Norfolk
NR7 OLB

Marina Theatre Trust
Company limited by Guarantee
Trustees. Annual Report (incorporating the directorfs roport) {¢ontinuedl
Year ended 31 March 2023
Obl8Ctlvtt and activities
The TrLBI was eslablished for thè puNlc benefit to advance arts by the manggement and devebpmenl of the Marina Theatre.
Lo*esloft arKI Ils audlences and prograrnme.
Our wsion and aim is to deliver an inclusive aNJ entert*ring CUttU￿ offer for the *ople of LowEStott. WaverEy and immediaie region.
arKJ 10 play an adive role in the INes of e￿ryOne In OLrt to￿. tnabling all lo realise Iheir potential and feel part of our Ihriviry communlly.
The Trustees ￿n[Irn) thai they have reviewEd Charty Commission guidelines on Kxjblic berEfil ar￿ consider a publi¢ ber*fil is
prowded lo the comrnunilies of Lo￿*Stort and tworKI as described in Ihe objective5. aims. acliwiies and achievement of the ¢harity.
m¥
To provKle a cost efteciive and varied programme ofentert8inment and cuttural activities forthe pecpk of Lowesioft beyond..
To ensure a vaned and high gualty INe stage programme that reflecls Tr Theatre's caPa￿lI11e5 and the demands of audiences..
To ensure the futu￿ sustainability of the Marina The3lre as a live perfotmance venue lor Ihe region."
. To ma￿MIse the poteErtial of the Marina Theatre lo present fvrkner ltyjring pfoducbons and work in partnership wlth other venues
arxl prixlucers..
To develop, promote. m3inlwn and advance commurity ergag8tr*nt in Ihe arts and Culture and raise the Iheaire'8 wofile in
ddivering such oui¢omes,
To reali$e the Mama Theatre's audiiorium capaknlties as the East of East AThJlia's ftrT commer￿al main$treaffl populist
projramming.
Strat8gl¢
Ensure strong ￿adership and managemeni".
Ensure slaffin9 and phys￿31 resource Is in place neo$5ary and approprk81e to ddiver our aim8 Ind￿1￿9 Ihe valua￿? 8@￿te of
volunteers..
Develop. Celebrate and promole our CLAtLYal fo￿ in the local c(Knmunity and the wder region..
Further Improve M-siie se[vi￿5 induding calerlng, bats. Mx offiTr and other cusiotnerfacilibes..
To M￿MIse revenue potentipj through non-tickeled aciiwty including sponsorship. partnerships. fee5 and advertising..
To demonstrate the added value and benefils Ihat the Marina Theatfft provide5 the Ltrwesloft economy and community.,
To demonstrate a Val￿ for money, quality, comfortable experience ihrou9h fair pricin9. transparenl easily inierprele
marketing and ease of a¢ce55".
Increase usage of other awa$ of Ihe Theatre, includSng the generaiion of income thro￿￿ private hires. ￿ternatiVe e¥ent5
¢atenng Wlhoth compromisiw the audiiorilun's prlmary usage.
Developrnent and delivery of a siraiegic community. yourKJ k*opl& (xrtreach programme ￿lIhI￿ Lty¥e510ft and the wdeF reg10n.
Achi&vomgrts and Porfomiancè
The effed of the CoMd-19 pandemic is still bÈiny feft in the arts and eniertairiment iThXuslry. In addition, Steep rises In the c05t of
limnglinflalion have meant the Marina Theatre has not be&n able to achieve quite Ss much progress in deli¥ering ils amtstion$ as the Trust
uld have liked. That is not io say Il has been a bad year. far trom It, more that It￿ riptyes of th& last Ihree years are still Ih2re. It 15 also
IhÈ fiist full ye8r of operations po$i-pandemi¢. and the first yearTrMlhoul Art5 Council emergency support.
The year2022-23 has still been a challenging Ihe Marina, allhouuh much more sett*d than ItE pr*ious M*).
From April 2022 to March 2023. it S￿ul￿ be noled that the Marina Theatre has..
Presented 151 li¥e performance5. 96 cinema films and 44 screenings (live and encore)..
11 performan￿5 cantrlled.,
AUd￿nCe numbers of 56.74912021-22.. 30.678.. 2020-21." 478.. 2019-20.. 67.0001,.
Publi¢ donations 1 April 2022- 31 Marth 2023.. É7.780.49".
Relaunch of Community oulreaeh a¢liwlie8.

Marina Theatre Trust
Company limited by Guarantee
Trustees, Annual Report (Incorporating the director's report) (contlnued)
Year ended 31 March 2023
Achlevements 4ndperfomi•n¢¢ {¢ondnu•d)
Programmlng
This has been the first fulty programmed year since 201￿20. with Iwe p8rfornances from ¢omedy to mu8ic and drama to drag queenL
Audienc¢$ have sts"Il been $maller Ihan pr+Covid, but notfor all progranThing Strands.
Allhough f[}￿r¥St1￿ ol audien¢e numbers and income took into account a percentage of not-retuming audiences, we were Still surprised
at the Icw turnoLrt for some shows. Hardest hit has been drarnalplays which have seen drastically smalbr audiences. despite
prcgramming shows we feft were as surtrfire certs as pos8ibl8 to book. such a5 Abigail's Paty arTrd T6ech8rs.
In addltion to lower than hopedlexpected audiences. a number of shows We￿ pulled by promoterslproducers due lo increased costs and
low-licket $ale$. Whib impossible to force act5 to fuffil their booking, ifs scrnewhat galling when they cancel due to low 5ale5 but refuse
to dolpay for any marf(eting. Marketing is always the first cut to rnade but should be the last. Som promoters wanted to reschedu￿ to
later date but this we have resisted for the mosl part a5 It is a not a precedent tts set. Some promoters decided not to cancel when told
we would not rebook.
Be5t-5elling shows thi$ year included An Evening of Burfe5que. Torn Allen. GiovJnni Pemi¢e. k*fritn8y- Qu88n of Ihe Night, Th8tli 88
The D8y, The ￿n9 Is Ba¢k and Frankn9$ Guys. Fewer com8dians touring at cur18V81 of vènu* thi$ year $ees more music events in Ihe
list this year.
¢lassir21 musie concerts a5 a programming $trand had very iow-tithet sa￿8 despite Considerab￿ maFketing activity. It seem5 thal
audience is reluctant to retum. Pre-covid. da$sical music ¢on¢ert losses were offs&t by More corrffnercial programming, howevei, post-
Covid. this is not a Comfortab￿ decision to make. As a resutt. we have taken the decision to pause on that programming Strand for the
time being. afoeit reluctanlty.
PantorTTrime this yearwa$ Jad( & the Beanstalk, a trf8 nol seen at the Marina since 2011. Sales were up on 2021 but still down on 2019..
disappointing but mirrored in many other venuesltowns. There wa5 a lot ol rnarketip)g a¢twity. even more than in previous years, but the
531es pattem was very last minute. 8nd the Ma￿eting team had to hold their nerve to a degree not eXPer￿nCed before for panto. It didn't
quite hit tho target al￿d at but not too far off which was reassuring. We Ihink thi$ to be very mLKh a cost-of4i¥ing side effect which
cannot be helped.
Lowestoft Playets We￿ able to ￿turn to the Marir¢a with their annual arnat•ur panto in January. the first time since January 2020. It was
wonderful lo be #ble to host them again and work together to gwe local people the chante to perform in one of the region's bvJgest
venues. Again. $ale$ were not quite 8s good as hoped for but not to an alarming degree.
Cinema programrning wa5 less diffiGuh this year but there is stin 188s on off8r du8 to delayed rtlèase dates. However. films and
scr8enings are a conshlerable part of the Marina's offer. and this year has seen a wide range of wel￿attended $C￿enIng$. Best Se1￿
induded.. I W8nna D8nce wth Somebody. H&ms Goes to Pwys. Ticket to P8r8dis6. Fishermen s Friends." One and All. Elvis. To
Gun 2. A18¥W7ck and Do%￿t0￿ Abb8y.
Audienc• B•h•vrour
Like all entertainment and theatre venues we have seen an increase in anti-soual behaviour in our audiences Since reopening aft•r
Covid lockdowns. Some people arrive at the theatre intoxicated whpeh fed to ant￿SocIal behaviour.
Somt peopk are much quicker to anger than we were used to seeing and rnany people feel they are entr.t￿d to behave however they
wish, rogardless of rts effect on other people. Needtess to say. thi5 make5 lrfe rnore diffruh for our staff and results in more complaint
email$. We a￿ int￿8$Ing CCTV coverage across the building and 5tsff 3re consKlering the use of bodycams. After discussing the i8sue
wfth othervenu8$ this p4)pears to be a wpjespread i55ue across th• industy.

Marina Theatre Trust
Company limited by Guarantee
Trustees. Annual Report (incorporating the director's report) (continued)
Year ended 31 March 2023
Government funding
The Marina has not re￿iVed any govemrnent fvnding this yèar but continues to be gratelul to Lowestoft Town Council as landlord
and principal staktrhtslder for their management fee a5 a contribution to costs.
Communlty and Outreach
Community outreach work 15 fitrnly embedded in Marina Lifa and in Lowestoft itself. We have found restsrting post-covid to be
sknyer than we hoped - a ￿1￿Clance/d5SCQrnfort with so¢ialising again, pr8S5ure on ¢hildren's time from missed schooling perhaps
as w811 as less money io spend as cost-of-living rises. The nurnbers foi classes and groups are growing again and it'$ wonderful to
see the effect on participants ol all ages 85 they relax and blossom.
Regular groups this year included iwo Youth Theatre groups.. Young Cornpany and 50+ Naxt Stagers. ukule16 Winners and
improvers. baby music and a dernentia-friendly music group. In 8ddity'on. funding trotn Garfeld Weston enabled Queen. Unspok8n
stoiie5 2, an adult writin9 for the stage project. building on the Unspoken Stories for radio project last year. This year, their plays
wert put on the Marina stage in fvont of a live audience. There is a very clear appetite for writlng in Lowe8toft and we hope to be
able to build on that.
As part of the High Street Hentsge Action Zones in Lo￿$t0ft, the Marina is working on a project called Flooding Back.
commissioning and produeing a play in response to the East Coast flooding events of 1953 and 2013, as well as acknowledging the
risk5 01 li¥Ang next to the sea in a futu￿ of climate th8nge. Workshops were planned and delivered in primary and secondary
schoo15, commLJnity groups and in cai8 hornes. enabling pa￿cIpanIs to exchange and develop id883. This work was then relayed to
a playwright vtho Is creating a play that weave5 together stories ol the pas( present, and future. This is new and exC￿Ng
dèveloptnent for the Mama. being the first piece of commissioned and hom¥Jroduced WOTk for the Marina stage.
Thi5 year also saw the change In management for the wmmunity outreach depathient frorn part-time consultant5 back to a full-time
staff member- a notsble landmark for the depathenl. the theatre, and the Trust It is dear that th8r8 is an appetite and a need for
creatlV8 Outlets for the pèoplè of Low8stoft, even more so in this pogt-pandernic wortd.
L¢atl•rshlp and Stsffing
This year the staff team has really corne together in an incredible way, working hard to support each other. develop their skills and
build strong teams through the Trust's operations. It has been a real privilege to watch the SMT grow into thair ioles. Recruitsnent is
sts"Il not proving to be easy. but it has definitely been easier in many ways than 2021122.
This year will be the last at thè Marina for CEO Emma Butler Srnith who left in May 2023, after five years in p05t and seven years
total at the Marina. These years have been $0ffi8thing of a rol￿r¢oa$ter, but her ielentiess positiwty and hard work have put the
the8tre where it is today. We wish her well for the future and thank her for her $eNce.
Recruittnent for a new CEO is in procèss and Trustees are detemiined to get the right person in place to continue and build on the
work of the Trust thus far.
Energy price rises and ¢o$t of living crisis
In addibon to audien￿$ still smaller than prtrpandemic, large incrèases in inflation and resultant cost of liwng rises combined with
steep increases In energy pri￿$ helped ¢￿ale a'perfect storm, of increased ovèrheads and reduced incorne.
Energy costs from September 22 to March 23 have doubled. However, this is better than the foiecasted costs which ￿le projected
to be quadruple. Thanks to quite extreme good husbandry mèasures by Trust staff. an investment in LED Stage lighting by LTC Iin
time for panto, thanks to the tech team pulling an all-nighter to get thetn s&t up and rigged) and govemment help, the actual
incre83es were not as terrible as we h8d feared. Hard to Imagine that a doubling of costs seerns something to celebrate.

Marina Theatre Trust
Company limited by Guarantee
Trustees. Annual Report (incorporating the directoVs report) Icontinued
Year ended 31 March 2023
Towns Fund Capital R8developm•nt Plans
Followng ￿nfimla￿.0n of East Suffolk Council'$ IESC} Tovms Invgstm8nt Fund InFI bKI, an advance draw4own to the
Trust of £100k was agreed in order to allow a det8118d feasibility study. Inwtation to tender documents were prepared
and an appoinlrnent prO￿$S ran May-August 22. The contract was won by a syndiute of consultants headed up by
Foster Wilson Size who began Work in Septemb9r 22.
Consuttations with stskeholders. design desk work and regular design team mèetings rasulted in a RIBA stage 2 report
submitted to Trustees in January 23. Thi5 work cornprises".
Link the ￿ existing bu1￿1ngS, filling in the gap on all levels.
Expand Foyer areas, including additiona1 WC facilitt"es. on all levels
Instsll a lift to permit inclu51ve access to all floors
Unify the frontage and signage to the buildings to In￿eaSe street-presenc•
Reset Sta115 auditorium seating to imprtsvt access and leg room, add wheelchairlaccessible positions
The extent of tre buildable area on the theatre's footprint Is severely limited due to the position of an electricty
substation to the rear ol the e>isting link buildirvj. This limits the size of the new linking bullding and rules out the
creation of a new community outr8ach15mall second perforrnance space and additional office a¢¢ommodation. Thi5 18 a
bl¢)W to thè Trust, but the costs and logistics of mowng the subststion make it unachievab18 in this project.
Detailed plan5. engineering calculation5 and costings wère also done by the team for increasiro the of the stage.
Howèver, changes in the touring industry post-pandemic mean there is very little mid-scalè musical product either
touring or in development now or planned in coming years. A5 this was one ol the primary reasons behind plans to
increase the size of the stsge, it was decided that spending so rnuch of the TIF grant on 8n el8rnent that may wèll not
see a good return in investment was unwise. In parbcular. spending so much on a sin9le element would have
significantty reducad the other elementslaspects possible within budget.
Lowestoft Town Council have approved the initial designs in principle and the design team is m￿￿ng onto R18A stage 3
plans and reporting. ESC has also exp￿Ssed support for the desion5 in the Stage 2 report and havè askèd for morè
details on and reasoning behind changes to the elements of the work. This feasibility study wll conclude in June/July
2023 after which funds will nèed to be drabw down in order to move to RIBA stage 4 and beyond.
Flnanclal rnvl•w
Prln¢lpal funding sources
A detailed breakdown of the various sources of income Can be seen in the notes to the accounts. The primary sourcè of
income was box office r￿Ipts.
The group also re￿iVeS fvnds in the way of a management fee towards thè running tost of tho theatre and grants for
projects. together with inurn8 frorn the running ofthe cafè and baT Within the theatre.
Flnanclal revlew of th• yèar
The results for the year arè shown on pages 12 to 25.
The year ended 31 March 2023 showed a ¢Jeficrt of £95.12012022'. surplus of £96.312. 2021: surplus of £168,420,
2020.. surplus of £14.254. 2019.. surplus of £68,470).

Marina Theatre Trust
Company Ilmited by Guarantee
Trustees. Annual Report (incorporating the directors report) {continued}
Year ended 31 March 2023
Reserves policy
It is general￿ accepted. and recognised by Arts Council England in their Cultural Recovery Fund 2021121 guidelines. that charitable
organisalions suth as the Marina Theatre Trust. should look to have Ihree to six monU)s of operational reserve$. Tru51ees agree that this Is
the level of re8eThes the Trust is aiming for. For the Marina Theatre Trust thi5 15 £120,000- £240.00D.
The Trust's Reserves Poli¢y airns lo ensure that all contractual. le9al, adrninislration and personnel oblvJations can be honoured in the
ov¢nt of the Trust andlor Theatre being unable to function.
The Policy also ensures Ihat ¢u$ttyners can be fully refunded Should the Theatre not be able to p￿sent events for which lickel$ have been
purchased for.
Low85toft Town Council acts a$ guatantors of the Trust, the arrangements of vthieh a￿ provided in the governing Management
Agreement.
Provi$5tsn for building repairs, maintenance and Safety 15 managed as part of the The4t￿'S rnaintsn8nc* and investrnent programft￿ and
anning. H&S policy. local risk assessments and ￿8$e arrangements.
The live perfomiance programme 1$ pro¢ured on the basis of low risk against suilabilty and customer demand.
Together wth the managernent of the Trust. the Tru$tee5 are actively seeking to in¢rease incorne from all sources of the Trusf$ a¢ts"vrt￿s
and to manage costs and e￿I￿encES to enable it to increase its reserves to provide a $trongei finanaal position tri ertable it lo genernle
further cash flow to invest into the facilities and seNices for public benefit. The Trustees ¢ontinue to develop the reserves policy of the
Trust in term5 of the future value of reserves required to be held and this will be conduded in the forthcoming year.
At the period end the group had nel asset$ of £188.003 12022.. £283,123). The resiricted funds of the group as at 31 March 2023 wtre
£20,79912022. £NILI. A5 at 31 March 2023 the group had free reserves of £181.25612022". £268.6361.
Going ¢onc*m
The Iru$tee$ have a ffutu￿ financial plan in place to drive growth and su8lainability. There are C￿ar and robust budgets and forecasts in
place to aid the finan¢ial $traie9y. Mana98rnenl aceounts and budget5 are reviewed at each board meeting with significant income and
expenditure htghlighted. The Iruslees a150 have put in place a suitable and Èxperienced managemgnl team wlh additional finance support
lo drive the operational and business plan over tr)e next year.
The Trusf$ relatl¢n5hip with Lowestoft Town Coun¢il ha5 Gontinued to develop throughout the year and convetsations and agreements a
coming to a dose regarding the issuing of a Supplemental Mana9ement Agree￿Want to enable lo Trust to manage the theatre for the next
Plan8 forthe futur•
writs.ng in May 2023 and reading the report for 2021122, it is interesting and gratifying to realise how muth has changed in a positive way
over Ihe la51 year. While audiences a￿ not yet back up to pre-pandemic levels, $0 much feels as if the stri¢lures. limitations. and fears of
the pandemic period had never happened. Having said that. Cowd-19 is still very much a thi￿. and mcst staff are now on their second
round, only one staff member has still never had it.
It is hoped that a new CEO VAII bÈ in plao by early autumn. There will be a short Interregnum period over the Summer which ha$ be&n w811
planned and 5UPPOrt rnechanisms are in plac* as well as due-diligence structures for SMT.. Board reporting.
The next year should See significant progress In the Capital redeveloprn8nt works under the TIF scheme. including a planning applicat￿￿
and progre88 towards tenderlprocurernent process for conlraclors.
The Marina and its team continue to look forward lo a br￿ht future at the heart of Low8Stoft.
Structur•. gov8rnan¢• and management
Govoming document
The Marina Theatre Trust is a company limited by guarantee and does not have any share capital. The cempany was incorporated on the
26 October 2011 and is 9overned by its Memorandum and Arti¢le$ of Association. Tha company also gainad registerad ¢hanlable statu8
on 27 September 2012.

Marina Theatre Trust
Company limited by Guarantee
Trustees. Annual Report (Incorporating the directors report) (continued
Year ended 31 March 2023
Recruitment and appolnkn•nt of Trusteès
Trustee5 shall be person5 through residence, occupation. employment or otherwise have Special kn￿edge of the area of benefit or who
are otheFw15e able by virtue of their personal or professional qualifications to make a contribution to the pursuit of the obJ"ects of the tharity.
Under the Memorandum and Artide$ of A$$o¢iation th8 Board shall consist of at18ast thTe8 individuals and up to eleven. The Board $houk1
be ctsmprtssed of up to nine Community Trustees plus kn individuals nominated by the Local Aulharity. Followng the Iransfer of the
propety te Lowestoft Town Council there have been no Trustees appointed by East Suffolk Council. Following the year end Lowestoft
Town Council made th8 decision to no longer appoint Tw$tee$ to the board therefore al the year end there were no representatives of Ihe
Local Authoritv on the board of Tru$tees.
The Trustees are required by the Memorandum and Attides of Assouation lo serve for a of four years e%￿pt for Local Authority
Tru5tee$, lthose period ol appointrnent 1$ detemiined by the Local Authority.
Trustees a￿ directors of the company for the purp088 of company law. Trust88s who served during the year and remain in post 0$ at
the date of this report are shewn on p89e 1.
Trust•• tralnlng and Indu¢ll&n
On appointment the Trustees are provided ￿1th..
The Trust'5 Memorandurn and Atticles of Assooation".
Details of the Charity Commission guidan¢e- The Essentk81 Trustee-that you need to know. what you need tts do..
The latest statutory acrxjunts, management accounts and finanual budget.
In additon. Trustees are encouraged to read Charity Commisson and other newsletters and to attend courses designed to keep them
abreast of their duties and responsibilities.
Rlsk asso88ment
The Trustees have reviewed the major risks to which the Trust is exposed. in parti¢ular those assouated wilh the operabon of the Trust
Organi5ational $tw¢tur•
The Tru$t has a board of Trustees who meet every iwo rnonth5 and are ￿sponsible for the strategi¢ dire¢tion and operational polic￿8 of the
Trust.
The day to day operations of the Trust are rnanaged by the Chief Executive and the senior mana9eft*nt.
Kéy man*gement rnmvn•ration policy
The trustees set the Chief Executwe and management teams, salary in li￿ wth indu8ty exp8CtatiorI5 for the theatre's current scale and
op•ration. These salaries are le¥￿d yeaty by the tw$tee8.
Related paFties
On 26 January 2017 the TN$l incolpomted its wholly ovmed trading compony. Ilarina Theatre Trading Limrted. which carries out the
operation of the café and barwthin Ihe theatR.
East Suffolk Council provided fundirYJ and faalthes lo the Trust under the provision of The Management Agreement ThÈ Support SeN1￿3
Agreement. The Business Transfer Agoement and Iho Property Lease. AS of 1 April 2017, East Suffolk Counul transferred ownership of
the propety. which ctsntinues lo be occupied by the Trust. to Lowestoft Town Council. The Managernent Agreement. The Support Setvice
Agreement and The Busine88 Transfer Agreement are currentty under di5CU55ion betsve•n Ea$t Suffolk Council. Lowe$toft TO￿￿ Council
and Marina Theatre Trust.
Under the Memorandum and Articles of ASSO￿￿*.0n East Sulfolk Counul have the right to appoint ￿1) Truste8s howevar as the
Supplemental Managernenl Ag￿eMent is Still not agreed and signed, these Trustees no longer attend. A5 Lowe510ft Towm Coun￿1 the
bU1￿1n95 and pay the tnanagement fee, we invited two appointees from LO￿St0ft Town Council to attend during tri5 lextendedl tran$ilion
period. Two Trustees were in attendance during the year however since the ￿#r end Lowestoft Town Council derided they no longer
needed representation on the board.

Marina Theatre Trust
Company limited by Guarantee
Trustees, Annual Report (incorporating tho directors report) {continued
Year ended 31 March 2023
Tru8ts08 r8Gpon$lbillti•$ statemont
The Trustees Iwho ao a150 directors of Marina Theatre Trust for the purpos¢$ of company lawl are responsible for preparing the Tru$tees'
Annual Report and the financial staiement5 in accordance Trmth applicable law and United Kingdom Accounting Stsfidards Iunited Kingd¢m
Generalty AC￿pIed Account Practic*l.
Company law require3 the Twstess to prepare financial statements lor each finanual year. Under company law the tru5te8s rnust not
approve the finanoal Statements unless they are Sab"sif￿d that they give a true and fair v*w of the stste of affair5 of the charitable company
and the group and Of the incorning resourc*s and application of resources, induding income and expenditure. of the charitable company
and group for that period.
In preparing these financial staternents. the trustees are ￿QuIred to".
select suitable accountin9 poliues and then appty them con$islenlly',
obseNe the method5 and prinuples in the appli¢ablo Charifr'es SORP 2019 IFRS1021,'
make judgment$ and accounting eslimaies that a￿ ￿8$Onable and prudent..
$lale whether applicable UK a¢o)unting Standards have been fellow¥d. Subiect to any mateftal departures disdosed and explained
in the financial Statements.
prepar8 the finan¢ial slaternents on the geing concem basis unless it is inappropriate to presume Ihat Ihe group wll continue in
opeiation.
The trustee5 are responsible for keeping adequale accounling records that di$Glose with rea80nab￿ a¢¢uracy at any time the financial
position of the group and enable them to ensurÈ that the finanaal statements ¢omply with the Companies Act 2006. They a￿ a150
re5ponsibk for safeguarding the a55ets of the group and hen￿ for tsknng reasonable step$ ftsr the prevention and detection of fraud antl
other irregularities.
Ayditt*r
Each of the persons who 1$ a trustee at the dale of approval of this report confinns that..
in 50 far as they are aware. there is no relevant audit Infom)al￿n of whith the group'8 auditor 1$ unaware.. and
they have tsken all steps that they ought to have taken as a trustee to make themselves aware of any r818vanl audit information and
to estsb115h that the group's auditor is aware of that information.
The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 21)06.
Small company provislc+ll8
This ￿port has be8n prepared taking advanta9e of thè small companies. exemption of section 415A of the Companies Act 2006.
Th• trustees, annual
s approved on
swned on beha￿ of the board of trustees by..
Mr D Blyth Ichairl
Tru$lee

Marina Theatre Trust
Company limited by Guarantee
Independent Auditorfs Report to the Members and Trustees of Marlna Theatrè Trust
Year ènded 31 March 2023
Opiniowr
We have 8udited the financial 5taternents of The Marina Theatre Tru51 Ilhe'parenl charitable cornpanll and it$ $vb$Kfiary Ilhe'group'l for
the year ended 31 March 2023 which cornprise Ccn$olidated Statelnent ef Financial Activit*s (includin9 income and expenditu￿ accounti,
Consolidated Balano Sheet. Consolidated Statement of Cash Flow, parent ¢haritable ¢ompany's Slalement of Cash Flows and notes lo
the finanrial $tatement$. induding a summary gf signifi¢ant a¢¢ounting poliries. The fin8ncial reporting framewoTk that has been aPP￿.ed in
their p￿paratiOn is applieable law and Unrted Kingdom AC¢￿tsnting Standards, including Financial Reporting Standard 102 The Financial
Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdem Generally Accepted Accounting Practice).
In our opinion tho financial ststomonts-
give a true and fair view of the state of th8 9roup's and parent Charitab￿ companys affairs as at 31 MarGh 2023. and of th? group s
incoming resources and application of re50urce5. including 115 Incorne and expenditure, for the year then endetl..
have been property prep8red in accordanee with ijnited Kingdom Generalty Accepted Accounting Pradice.. and
have been prepared in accordance wlh the requirements of the Companie5 Act 2006 and the Chanbes A¢t 2011.
Basra for opinion
We o)ndutted our audit in accA)rdan¢e wth Intemational Standard$ on Auditing IUKI IISAS IUKII and applicable law. Our responsibilit*85
undef those stsndards are further described in the Audiler's re8ponsibililies for the audit of the financial Statements Section of our report.
We are independent of the group and parent charitable company in accordance wth the ethical requirernents that a￿ ￿leVaTht lo our audrt
of the finanual statements in the UK, induding the FRC'S Ethical Standard, and we have fvlfilled our other ethical ￿SponSibl1111es in
accordance wth these ￿quireMentS. We beI￿ve that tt)e audit evidence we have obtained 1$ $uffirient and appropriate to provide a ba$ps
for our opinion.
on¢lu$ion$ T•latlng to golng ¢on¢•m
In auditing the finanual statements, ￿ have concluded that Ihe trustees, use of the going concern basi5 of accounting in the preparation of
the finanual statements is appropriafe.
Based on Ihe work we have performed, we have not identifi'ed any material uncertainties rela￿n9 to events or condition8 that, iTrJNidualty or
Co1￿CtIVe1y, may cast signrficant doubt on the group and parent charitable'companvs ability to centinue a5 a going concern for a period of
al least iwelve rnonth5 from when the financial 51aternenls are authorised for issue.
Our responsibilitP5 and the responsibilities of the tru51ee5 With resppct to going conom are described in the televant se¢tion$ ol thi$
rEport.
Other lttl•mi•llon
The trustees are responsib￿ for the other infolmation. The other infonnation cornprises Ihe infoThation Indu¢Jed in the tru$lees' annual
port. other Ihan the finanual statements and our audrtor's report the￿tsn. Our opinion on tt)e financial $talem8nls does not cover the
other Infomiali¢n and. except to the extent otheNi$e expl1¢￿Y stated in our repor( we do not express any fo￿ of assurance condusion
thereon.
Our responsibility is to read the other infomiation and, in doing so, consklerwhether Ihe other infomiation is materially inconsistent with the
finan￿al stalements or our knowledge cbtained in the course of Ihe audit or othefW50 appears lo bo materially misslated. 11 we identfy
such material in¢on$i$ten¢ies or app8￿nt material misstatements. are required to detemine whether this gives rise to a material
mi88lalement in the financial statements themselves. If, based on the work have performed, we condyde that th8T8 is a material
misstatement of this other infonnat40n, we are required lo report that fad.
We have nothing to report in this regard.
Opinions on othor matters prgscrlbod by th8 Compani05 Act 2006
In our opinion. based on the wort undertaken in the course of the audit..
the information given in the trustees, report lincorporaling the dits¢tors' r•portl far the finantsal year for which the finan¢ial
statement$ a￿ prepared is ¢on$istent Mlh the financial slalem&nts'. and
the director5. report has been p￿pa￿d In a¢cordano wth applicab￿ kgal requirements.

Marina Theatre Trust
Company limited by Guarantee
Independent Auditovs Report to the members of Marina Theatre Trust l¢ontinued)
Year ended 31 March 2023
Matters on whlch wè are required to rnport by 8x¢eption
In the Ighl of our kno￿ledge and underslandiThJ of It* group and parent charrtatle company 8rKJ ils enwronment obtained in course of
the audit, have nol identthed material mi5slatemen15 in Ihe directors. report.
We have nothiny lo reptyt in reskEct of IfÈ folo.syww matter5 in relation lo ¥thi¢h the Companies Act ￿ and Chari￿ Act 2011 requlre
U5 to report lo you if, In our opinion.
adequate and $ufficient attounling records have not been kept by the parent tharilable company, or relutns adequate for our audil
have nol been received fr￿n branches not ¥risiled by us". or
the parent charitable company's financial slalernenls are ry)I In agreement wth the accounting record$ and relurn5,' or
certain dlsclosures of directors. remuneration speclfied by la%v are not made., or
e have r￿t ￿eeNed all the Infomalion and explanations require for our audit.
the Iruslees were nth entrfed to prepare the financial siatsmenls in a¢¢ordance with the small cornpani88' reglme and tske
advantage of th2 small companies. exemption$ in prepariTrJ If* dlreclors. report and fFom the requirement lo prepa￿ a str81eg
rep(vt.
Rg¥ponslblllt18s of th8 trust
As explaifEd fflore fulty in the Iruslees. responsibilitie5 slalemenl Isei on page 81. Iruslees l%¥*0 are also the directors Of the PaTent
¢hE￿la￿e company for Ihe purposes of company law) are responsible for the preparation of fina￿41 slalements for being satisfied
thai they give a and fair wew. and for such internal ¢ornrol as the Iruslee5 deleimine Is nece$s8ry lo enable the preparation of
financ4al statement5 that are free from material mi$si8lemenl. %4*elher due lo fraud OT eiror.
In preparirKJ the financial slalefflents. Ihe Iruslees are re5ponsiNe for assessirKJ the group and pgrenl ¢h8ri18ble company's abillty lo
cor*inue as a going concem, disdosing. as applicable. matters felaied to going concem and usin9 Ihe going concern basis of accounting
unlests Ihe Iru51ees either inleno lo liquidate the groLV or the parent charita￿e company or lo cease operations. or have no realislic
aiiernaiive lo do so.
AudltoVs re$pon51bllh1fr5 for tho audlt of tho financial stst•monts
We have been appointed as audilor under Companies Aci and section 151 of Ihe Charities Act 2011 report in accordance
th those Acls.
objectives are lo obtain reaSona￿e assLYance about the financial slalemenls as a are free from materi81
misslalemenl. ￿thether due 10 fraud or etror. and lo issue an audiiorfs report knal Includes our opinion. Reasonable assurance ￿ a high
level of assuran￿, but Is nol a guarantee Ihai an audit conducted in 8¢cordanr* ￿lIh ISAS IUKI wll ahvays delecl a material
mi5slalemenl vthen it e￿$1$. MisstaterTienls can arise from fraud or error and are considered maierial if. indiwdualty or in the a9gregale.
they could reasonably be expected to infiuence eGonomi¢ decisions of users taken on the bas￿ of tr*8e financial 51alements.
Irregularities, Ind￿11￿9 fraud. are Instances of non-compliance wlh lavts arvj regulations. We deS￿n prorEdure5 in lir* ¥wth our
responsibilllies. oullined above, lo dele¢l matenal mi88taierTTrents in respect of irre9ulanties. ind￿1ng fraud. The extenl to %thich our
ocedures are capabk of dele¢ling irregularities. ind￿1ng fraud is detailed ￿lL￿.
Enquiry of mana9ement those charged wlh governance lo confirm there are no instances of fraud or non-¢omplian¢t ￿1th
la￿5 and rÈyulaiion5. A small fraud ln Ihe M8rina Theatre Trading Limited was reported by Ih05e chaiged rnanagernent and
governance. As a resubl intetnal controls wEie adapied io reduce ihe risk of il OCCL¥iTrJ again.
Rewew of disclosures yrilhin the financi* slalemenis and VthKhiw these to supportlng docunEnlalion to ensure compliance with
applicable laws anLI regulaiions.
Re￿e￿or key accounting estimates. lo ensLre reasonab￿ atKI no signs ofmanagemeni bia$.
Performing audil work ovei the risk ol rnanagernent ovelrkle of ¢ontrol$, induding lesling of ioumal entries a￿1 olt*r adjustmpnls
for appropriateness. evaluating the rationale of $i9rMficant Iransadion$ OLAside the nortnal course of a¢liviiie5 and revwlng
accounts estimates tor bias.
Because of the inherent Iimit¥lions of an audft. thete 1$ 8 risk Ihal %%E ￿11 not detect all itregularities. includiNJ those ￿ading to a material
mis51aiemenl in the financial slalernenls or nOn-com￿lanCe Vbilh regulation. Th15 nsk Increases the more that compliance vAlh a 13w or
ulalion is removed from the everns and tr8nsaclions relle¢led in the finanE4al slaletnen15. as wll be lèss likely to becom8 avlare of
In$lances of nOrp¢om￿la￿Ce. The risk also gre816r re9ardin9 itregulanlie5 occumn9 due to fraud rather than etsor. as fraud involves
itheniional Con￿alMen1. forgery, cotlusion, omission or rni5represenlalion.
A further deS￿ptIOn of our responsibil￿1￿8 is availab￿ on the Financial Repthng Council's KEb$ile al.. NIp8..1fvA￿.1rc.9rg.L￿oUr-
VWorklAudiUAudil-and-8ssurancelStandaids-and-guidanceisiaNJardS-and-guidance-for audiiorslAudiloTs-responsi￿"llIIes-f0r-
audiuoescnpb¢)￿of.audlt0rS-re$pOnsibil￿es-1O[-audrt.￿￿px. This description f¢rm5 Part of our auditor's report
10

Marlna Theatre Trust
Company limited by Guarantee
Independent Auditors Report to the members of Marina Theatre Trust Icontlnuedl
Year ended 31 March 2023
Use ofour rnport
This report 18 nTrade $dely to Ihe ¢ompan¥s members. as 8 body, kn accordance with Chapter 3 of Part 16 of the Companies Act
2006 and lo the charitable coMpan￿S Iruslees. as a body. in accordance with Pari 4 of the Charities IAceourts and Reports) Regulations
2008. Our audit work has betrn undertaken so Ihal we might Stale lo the chanlable company's mernbers and ils Iruslee5 Ihose matters we
are required to 51ale to them in an auditorfs report and for no other purpose. To the fullest txtsni pemiStted by18w, we do not accept or
assume responsibS1ity to anyone other than Ihe ¢harilatr>le company and Ihe ¢h8rilab￿ CoMpan￿S members as a body and Ihe thaiitable
4*mpanys trustees a$ a body. for Ouf audilwoth. for this report. or forthe oplnSons we hav8 formed.
Mark Proctor FCA DChA (Senior StsluloryAuditor)
For and on behalf ol
Lovewell Blake LLP
Chartered A¢counl8Trts & slaluloryaudilor
Bank8Sde 300
Peachman Way
Broadland 8u5iness Park
Norwich
NR7 OLB
1911212023
Lowewell 814ke LLP is eliglble to act as 8n 8udilor in terms of se¢bon 1212 of the Cpmpanie$ Act 2M6.

Marina Theatre Trust
Company limited by Guarantee
Consolidated statement of financial activities (including income and expendlture account)
Year ended 31 March 2023
Not08
Gon•ral
Fund$
Regtrlctod
Fumd
202)
Tothi
2022
Totsl
Incomo and •Ddowmonts
Donations 8Th1 ￿ga¢￿S
9.394
1,303,421
178.659
136,682
146.07e
1.303.421
178.659
332,146
849,143
106,968
Other trading actiw1￿8
Total Incomp
1.491.474
136.682
1.628,156
1.288.257
exp8ndtture
Raising funds
CharrtaNe aclmiies
1154.1251
11.453.268)
1154.1251
1115,8831 11,569.1511
1101,0831
11.090,8621
Total •Apend4turo
1.607.3931
115.8831 11.723.276)
Ntrt Incomg botoro tsan81•
20.799
195,1201
96,312
Transfers bewthn fwKIs
Met I￿￿m• and net movtmènt In tunds
20,799
195.1201
.312
Roconclliatlon of funds
Total funds brought fDtwar
283,123
283,123
186.811
Total funds carried lo￿Ard
167,204
20.799
188.003
283.123
The slaieineni of finanTh￿ acuwlies includÈs all gaIr￿ and losses recogni5ed in t￿ year.
come 8ThY 84)endilwe derive from ¢oniinuirvJ acbMlies.
The notes sel pages 16- 25 form an intsgral part of the accounts
12

Marina Theatre Trust
Company limited by Guarantee
Consolidated Balance Shegt
Year ended 31 March 2023
2023
char
2023
Grgup
2022
Charlty
2022
Group
FIX￿ A&6éts
TarVJlb￿ flxed assets
In¥eslment5
13
14
2.923
5.948
11.027
14.487
2.924
11.028
14.487
CyTrantA5sets
Stock
Debtors
Cash al bank and in h4nd
15
16
3,869
12,794
693,470
3.398
53.074
821.454
62.549
644.719
138.086
537.498
707.268
710,133
675.584
677.926
Cr•dhors'. *rrtOUnts falllng du•
wlth5n ono year
17
1522.1891
1528.0781
1403.4891
1409.2gOI
Mot curront auots
185,079
182.055
272.095
288.836
N•t ass•is
185.003
188.003
283.123
283.123
Funds ofthe char5ty
Unrestricted fvThJs
Restricted funds
20
20
167,204
20,799
187,204
20.799
283.123
283.123
Total chavlty fund8
188,003
188.003
283.123
283.123
During year. charlty made a deffcrt of£95.120 Induding gift aha from subsidiary ofE16.88212022.' suwus of £81.4781.
These finantial statements ha* been prep¥ed In accLYdance wlh IKe pmisions appl¢ab￿ lo ￿rnpan￿￿ $ubiect io Sm￿¢ companies
reglme.
These fi*8nt181 ststements w*re aKproved tythe board ottrustee$ aThJ gulh0ri5ed for issue ori12 September 23 and are sSgned
on behalf of ltte board by..
MrD8Mh
Chalr
r N J CulliThJfo
Twslee
Comparty regislrats.on number.. 07824326
The note$ 8el OLrt on pages 16- 25 forn 8n integral part of fv accounts
13

Marina Theatre Trust
Company limited by Guarantee
Consolidated statement of cash flows
Year ended 31 March 2023
2023
2022
¢a8h flows from operating actlvltfj88
Nel lexpendllure)lincome lor ￿ year
195,1201
96.312
Adj'ustfflpnts lor..
Depreciation of tarvJible fixed assets
15,582
Ch8ng6$ in."
Slock
Trade ènd olher debtors
Trade and Ol￿r cre(*to
14711
40.280
178.788
11.5731
32.169
84,305
Net cash provided ty operating actimlies
75.048
226,795
Cash fflows from Invo4tlng a¢tlvltl•s
Purchase of tangible a55ets
Nei cash Iused inl invesiiNJ athl￿11&$
13,0321
11.9501
3,032
50
Net Increas9 In cash and cash 0qu1￿1¥￿ts
Cash and ta5h ¢qulvalgnts at beglnnlng of yè•r
72.016
621.454
224.845
396,609
cash and Cash equivalpnts at end ol year
693.470
621.454
The not￿ sel out ￿ page$ 16- 25 form an inlegral part ofthe accounts
14

Marina Theatre Trust
Company limited by Guarantse
Statement of cash flows
Ygar onded 31 March 2023
2023
2022
Cash flows from opfrr4tlny act￿lt￿$
Net le￿erKI11￿rel￿￿cQrne forthe year
195.1201
81.479
Adjustnyents for..
Dewecialion of tanyible fixed as8e15
9,131
13.716
Changes in..
Trade other debtors
Trade other creditors
75,S37
118,700
128.497)
81.820
Nel Ga5h proM¢Jed by opeTalirvJ adivitlets
106,248
148.518
C•sh flows froffl 1ml￿tIng attfvltk$
Purtha$e of lan￿b￿ assets
Nel c85h Iu5edl in investing a￿l￿￿e$
11,02n
1,027
Not Incrnaso In ¢wJh and u¥h gqulvalwnts
Cash and cash oqulvalemts at boglnnlng of yoar
107.221
537,498
148.518
388.980
Ca*h and ￿$b èqulvahnts ai •nd of year
644,719
537.498
The notes set out on pages 16- 25 form an integral part of the accounls
15

Marina Theatre Trust
Company limited by Guarantee
Notes to the financial statements
Year Qnded 31 March 2023
1 Ganoral informauon
The charity is a priwdle company limlled by guarantee. regi$18red In Enyland ano VVak8 8NJ a registered charty in En￿and and
Walès.
The address oflhe regi5tere(l oifice is The Marina Theatre. Marina Road, Ltr*Èth)ft. NR32 1HH. Sutfoik.
The naiure of IhÈ tharity'5 oper81ion$ and princpal actiwilies are outlined wltyn the Iruslee8 report.
2 Statement of ¢omp16an¢è
These finanaal Slalements have t*en prepared in GOMp￿anCe with FRS 102. 'The Financial RepDrting Standard applicèble in Ihe
UK ar￿ Republic ol Irel&nd', Statetnenl of Recommended Practice appli¢aNe lo charities preparing their accounts In a¢cordancè
wlh the Financial Reportire Standard applicatAe iri the UK and Republic of Ireland IFRS 1021 {Charil￿S SORP IFRS 1021115sued
in October 2019 and Comp￿leS Act 20(k5 aTra the Chariiies Ad 2011.
Tr* cha￿ty con5blule5 a benefft entity as defined by FRS 102.
3 Accountlng pollciès
lal B8618 of accounUng
The financial statements have been prepared under historral cost Conven￿On.
The presentation currency of the charity 15 slerlrs.
Ibl Golng concgrn
The financial slalemenls have been ryepared on a going ¢oncem basis as the INstee$ belie¥e that r￿ material uncertaint￿9 exisi.
The Irusiees have considered the level of funds held arKI Ihe expected level of income and expenditure for 12 month$ frotn
aLrthtsrising these financial slatemenls. The budgeted Income and expen¢￿tUre 15 SUtric*nt ￿1th the level of reserves for the charity
to be able to continuè as a goin9 concern.
Thp Tru5fs relalionship LO￿Est0ft Councll has Contin￿ lo develop Ihrough(yJt t￿ year and conversations and
¥greemenis are corning lo a dose r8gardirwJ the ￿SuIng of a management agreery*nl lo ena￿t lo Ttust lo manage the Ihealre for
Ihe rwt 25 years.
Icl Fvnd?c¢ouThllng
Unrestricted fvnds are awd4able for use ai Ihe discretson of Ihe trustees to fijrtherany of IfE group's purposes.
R￿trIcted funds are Subjected to restrictions on their expenditure declared by the donor or Ihrwh the lerrns of an appeal.
Idl In¢orne
AJI IrKome is I￿￿￿e0 in the Slalement of Finan￿al A¢liwlies w*en the charity 15 en1it48d 10 the income and the amount can be
quanlified vilh reasonable accuracy. The fdknV￿n9 spedfit wliues are applied lo parbcular categones of income."
. Ticka sales inttome 15 recognised ai the dale of Ihe re￿vant ￿rfo[ManCe. Income from any show that slradd16s *wo accounlirrfj
periods is S￿rt in accordan￿￿th IhÈ actual 531e$ per perfoman￿.
Donations and leyacies are re￿1Ve￿ by way ol grants. donatlons and gift8 and 1$ inGlu(led In full in the Statement of Financial
Adivflies Trthen receivable. Grants. ¥ther8 eniitiemenl is not conditional on the delivery of a specrfK performance by the chaTity. are
rewnised then IfÈ tharity become5 uncondilionalty enti￿d to Ihe grant.
. Income from charitèble trading aclivity are ac¢trJnied for WI￿Tr earned.
. Income from grants. %¥*ere rel8tgJ to perforn)an￿ and speafic deliver8L*s. are accoLmled fv as the charity eams right lo
consideration by Ils performance.
16

Marina Theatre Trust
Company limited by Guarantee
Notgs to the financial statements (continugdl
Year ended 31 March 2023
3 A¢￿u￿tIng pollcle¥ Con￿￿￿ed
{•) Exp8ndMure
Expen(Jiture 15 recogni5ed on accFual basls as a Ilatyillty is I￿Urred. Expenditurt indudes any VAT vthich carnot be
recovered under p8rtlal exemption. and is reported as part of Ihe expendlture to vhSch11 relates..
. Costs of raSslng ftTh1s comprSs? the costs associated wih allraclin9 vdunw Income and the costs of IradThd for fvThJr81sthg
ptsrposes.
. CharilaNe activities comprise those ¢05ts inGUtred by the charfty Sn If* delwery of its actiwlies and serth(*s for ils beneficiaries.
The c05t of perforrnances is rÈtognised al the dale of If* pertormance. Charitable acliwty costs Include5 both Costs that can be
albrated dI￿¢ttyto sut* actiwlies and those costs of an indire# nature necessaryto suppori Ihern.
. Govemance costs Indude those costs associated ￿ryth rneetiry the tonslllu￿0nal and Statutory reuurement$ ol Ihe group and
Include IfE audit fee$ and costs linked to strategic m8n8gement orthe gr￿p.
. ￿1 ¢o$ts aTe allocated beMEen the expenditure categthes of the Stalemenl of FSnanty)l Aclimlies on a basi8 desigrv8d to r8ftect
Ihe use of Ihe ￿Source. Cosis relating to a partI￿L9r aC1￿ty are allocaleil dlredty, olhÈrs are appwloned on an appropriate ba51S
e.g. floor areas, per capita or Èstlmaled usage as Set OLrt in note5 to the accounts.
TangIb￿ as60ts
Targible assels are inib4ty rewrded ai cost
Igl DepTOclatlon
Depretyalion is calculated $0 a$ to write off Ihe cost or vahjats.on of On a95el. less it5 residual val￿. overthe usefvl economiG Ilfe of
asset as folows".
Fixtres, fittings and equ￿rr￿dnt- 25% ¥lra¢ght fire
Ihl Investments
Unlisted equty Investments are inilialty recorded at cost, aThY subseqLEnty W￿85￿red al fair value. If fair value Canrnt be rdl8bly
measured. assets are measured at cost les$ Impalmpnt.
111 Stock
Slock$ are measured al the lower of c05t arKI estimated selling price less costs to COM￿ete and sdl. Co81 ind￿je8 ￿1 costs or
pur¢ha5e. costs of conversion and other cosls incurred in bringing the 5toGk lo its present bcalon and coTrJilion.
Ul Oppratlng IAa¥• agrepmènts
Rentals applicable lo operalirKJ leases vthere sub51antially all of the benefiis and of o%*T￿rsh1p remain Milh the lessor are
charged against pyofils on a 5tr3ight line ba$is over the period of leas?.
Ikl Pet)slon
The Group operate5 a defined conirfbution scheme for employee5. assets of thich are held separalety from those of the Group
in an independenlly admlrfslered fuThJ. The pension ￿sts in fv accounts r8fie¢t contributlon5 made in Ihe year.
111 Flnan¢lal Instrumonts
A financial asset or 8 financial IlabS1ty is recogniged enlty becorrvas a paty to thB conlraGlual pr￿￿$10n$ of Ihe
inslrLment.
Basic financial instruments a￿ Initially recognised at Ihe pmounl receivab￿ or payable includSng any relaled transact￿On c05t5.
Lnless atrangement con8tltutes a finanring transathion. vthere it 1$ reccgnised al Ihe present value of the fuiure payments
I￿￿nted al a market rale of interest for a slmllar debt instrument.
Cwrenl a$5ets and fwenl liabilities are subsequenlly measLYed al the cash or other ¢or*idèration &xpected to be paid or receNed
d not di$eounled.
17

Marina Theatre Trust
Company limited by Guarantee
Notes to the financial statements
Year ended 31 March 2023
4 Llrnltsd by guaFatttO0
The Trust is a ¢(￿panY limlbj by guarantee. Each memb&r of the Trust undertake8 lo contribute such an amoum IMI exceeding £11 as
may be reqLired in Ihp e￿nt of wnding up.
Unrestricted
Funds
Restricted
lund5
Total Funds Unreslricled Reslrided
2023
Furds
Funds
Total Funds
2022
5 Donatlons and l¢9ocloS
As Council- CRF
Donation5
Ea$1 Suftolk Counc4- Feasibilty
Lowtslofi Town Council- Feasibility
Easi Suffokk Counc￿. Flothjing Back
Grants
290,961
290.961
8.386
9,394
9,394
8.385
90,000
8,130
27,000
11.552
8.130
27,OLY)
11.562
24.000
8.800
32,800
9.394
136.682
146.076
32,385
299.761
332.146
Durirvj Ihe year t￿ed 31 M8rch 2023 E138,68212022.. £26.8001 of goverfiment was re¢*ved.
Unre5triGle¢J
FurwJ$
Restrithed Total Fundts Unrestricted
Funds
2023
FuThJs
Reslricled
F￿)d$
Fund5
2022
6 Chafftable activltie
Lowesloft Tow) Counc
Box office income
Film box office incLxne
Ticket levy and postage charges
Orchestra live subsidy
Slage and room hire income
151s rechar9es
Coinmunty and educa*M
Other irFcomÈ
Iso.000
873.263
29.17B
83,636
6,780
7,992
120,214
18,184
14,204
150.ODO
873,263
29,178
83,636
8,750
7,992
120,214
18.184
14.204
150,000
515.108
22.699
48.967
7.608
7.374
65.763
6.019
4.905
150,000
515.108
22,699
48.*7
7.608
7,374
65,763
26.719
4.905
20.70D
1.303.421
1.303.421
828.43
20.700
849.143
DurfrKJ It* year er￿ed 31 March 2023 £150,000 12022.. £150.0001 of govemrneTrl fundro was feceiyed or due in accordance the
management agreement
Unrestricted
Fund$
Restricted Totsl Funds Unre51ricled
Funds
2023
Funds
Resiricled
Fwws
TO1￿
2022
7 Othgr tradln9 aciivltlès
Piograrntnes and merchaThJise Income
Food and beverage itKome
5,649
173.110
5,549
173,110
1.904
305.064
1,904
105.(64
178.659
178,659
106.968
106,968
18

Marina Theatre Trust
Company limited by Guarantee
Notes to the financial statsments l¢ontinuedl
Year ended 31 March 2023
8 Costa of othertradln9 a¢tfv6tl06
Unre5trided
Funds
Restrfcled Total Funds Unre51rictetl
Funds
2023
Funds
Re$kncted
FuThYs
Total Funds
2022
Food and beveraye costs
Food and bewrage wages and salar￿5
Programrne and merchandise costs
64.181
88,185
1.759
64.181
88.185
1.759
e.345
59,827
40,791
59,827
465
154.125
154.125
34.911
66.172
101.083
9 Expandlturo on eharftabl& actlvrtles
Unreslricied
Funds
Resirided
Fund5
T4)tal Funds Unrestricted
2023
Funds
Restricted
Funds
Total FuThJs
2022
Co$ls ofthealie production
Filrn costs
Wages and 58lane$
Markelirvj and advertlsing
DekYec4alSon
Suppwt costs
Governanct costs
7(￿.589
20.033
374,095
62.302
7￿.$89
20.033
374.095
62.302
11.571
374,791
19,770
380.800
12.578
165.825
52.948
15.582
164.384
21.456
380.990
12.578
279.582
81.785
15.582
298.909
21.456
113.737
28.837
258,908
19,770
115.883
134,525
1.453.268
115.883
1.569.151
813 573
277.289
AnJty¥ls of support ¢osts
Unre5triGte
Funds
Restritted
Fwd5
Tot•1 Fynth Unre51ricted Re$thcted
2023
FurKIs
Funds
Total Funds
2022
Other Sl8ffing wsts
Premises and fflainlenance costs
Project costs
Adminislralion tost$
Legal and professional fee$
8.752
114.934
34.488
100.736
8.752
126.486
138,817
100.736
9.812
117.692
9.812
149.492
27.738
107.071
4.795
11.552
104.331
31.8LXJ
27.738
74.987
32.084
4.795
258,908
115,883
374.791
164.383
134.525
298.908
atysl& of Y0￿m8￿ce
2023
2022
Auditors remuneration- audit seNce$
A￿dItorS remuneralSon- ron audit Se￿￿9
1Q,545
9,225
' 12.796
19.770
21.456
10 Not In¢om8
Net inGorne 15 started after ¢￿￿ng￿l￿ediIl￿aI
2023
2022
DeprerAation of larvJible fixed assets
0per8lirvJ ￿8$e eosls
11.571
15.582
22.500
19

Marina Theatre Trust
Company limited by guarantee
Notes to the financial slatements Icontfinued)
Year ended 31 March 2023
11 Stalf costs
The lolal Stsff costs and.eM￿OYee benefits forthe reporbrKJ are anatysed as follows".
2023
2022
w￿e$ aThJ salaries
Social secuiity costs
Employer contributions to per￿1￿ plans
428.292
27,148
6,840
462.280
318.920
15.633
4.837
339.390
￿0￿hOul the p8ri0d the TtU51 employed the foll￿n9 nurnber of ern￿OYees on either a time or part time basis.
2023
2022
Theatre staff linduding frant and back ol house)
Managernenl and adminSstration siaff
Food and beveragt
12
No employee T￿elY8d *m￿ayee benefits of more than £60.000 during the year (2022.. Th) eM￿oYee1.
Kgy Managwnont Por60nnèl
Key Managernent pers￿￿1 indude the Chief Execulive together with the Techrical Manager, Theaire Operalions Manager
and CaleTrng and Hospitalty Manager.
total value of remU￿ratIOn and recei¥ed by Key Management Persomel was £181.908 (2022.. £130.2891.
12 Trustse rgmuneratlot) and •xpens05
No Tru51ee5 re¢eNed remuneration orexpenses dLwif¥ Ihe year12022." £N￿l.
13 Tanglblo Flxod A88ats- Group
Flxture5,
littings and
gqulpmotit
Totsl
¢08t
AS ai 1 AWA 2022
A(klilions
166,683
3.032
166.683
3.032
A8 ai 31 Marth 2023
169,715
189.715
Depreclatlon
As al 1 Apnl 2022
Charge for the perbd
152,198
11,571
152.196
11.571
As ai 31 Marth 2023
163.767
163.767
Not book valu•
A$ at 31 March 2023
5.948
5,948
Ats at 31 Mwth 2022
14.487
14,487
20

Marina Theatre Trust
Company limited by Guarantee
Notes to the financial statements (continued)
Year ended 31 March 2023
13 Tanglbb Flx•d Ass•ts- ¢h•TIty
Flxturw,
fftting$ •nd
9qulpm•nt
Total
ost
A5 31 l Aprd 2022
Additions
158.247
1.027
158,247
1.027
As al 31 Marc* 2023
159,274
159,274
D•p￿￿tIon
A5 al l 2022
Charge forthe pediyj
147.220
9.131
147.220
9.131
As a131 March 2023
156,351
156.351
t book valu•
As al 31 March 2023
2.923
2.923
As al 31 March 2022
11,027
11,027
14 InvastrMnts- Sharo8 In group undthaklngB
2023
Chaffti
2023
Group
Cost
As at 1 Aw"12022 and 31 M￿h 2023
Impalm)8nt
As at 1 Awl 2022 and 31 March 2023
Nèt book valu•
As at 31 March 2023
As at 31 Pl?rch 2022
JI inve51menl$ Sho￿ above are held al valuath)n.
The Charity hdd5 1 sharÈ of £1 In ils owfftd subsidiary tompany Marina Theatre Tradln9 Ltd leompany nLNnb?T 105845661
S￿1￿ is incorporated In the Unlled Klngdom. The company operates the café and barwlhin the Marina Theatre_ Tr profits ol the
company are donal￿1 to the Marina The*re Trust by G*ftAid.
The sumrnary finan￿al perfoTmance of the subsKliary alone is."
2023
2022
Turnover
ExFenditure
173,121
1156,2391
102.131
142.5261
18,882
S9.605
Amounl donaled to Marina Tl*alre Trust by GrftAd
16.8B2
44.772
Net assets
21

Marina Theatre Trust
Company limited by Guarantee
Notss to the finaneial statements
Year ended 31 March 2023
IS Stock
2023
Charlty
2023
Group
2022
Charity
2022
Group
Raw maierials and con5w1ab￿s
3,869
3.398
Stock 1$ held for resale in the Trust's calé. baf and klosk.
2023
¢harlty
2023
Group
2022
Chanty
2022
Group
16 Debtors
Trade debtor5
PrepaymÈnls and acwe(l iricome
Olherdebltrs
Amoun15 Owtd ty gioup undertakinys
2.543
8.886
1.365
49,755
62,549
2.543
8.886
1.365
3.8Q7
42.600
12.842
78.837
138.086
3.807
42.600
6.667
12.794
53.074
2023
Charmy
2023
Group
2022
Charity
2022
Group
17 Credliord.. Arnounts falllng w6th1n ono ￿•r
Trade credil01S
A¢cruals and deferyed Srthme
Other creditor5
40,093
368.793
113,303
522.189
40.666
374.109
113.303
528.078
36,647
251.084
113,758
403.489
41,132
254,400
113.758
409,290
2023
harfty
2023
Group
2022
Ch8rity
2022
Group
DeferTed income tfwghl forward
Released during Ihe year
Deferred duriw Ihe year
Deferred inc(xne Garrieo forward
232.336
1232.3381
352.109
352.109
232,336
1232,3361
352,109
352,109
201,229
1201.2291
232.336
232.336
201.229
1201.2291
232.336
232.336
Deferred Income lepres￿rtS fund5 received from Ihe sa* of tickeis in advance of fthure rÉrfomances or films and detsrred grant
inconE.
18 Penslon and other post r•tlrÈmBnt bgnfrfits
The amount recognised in the slatement of financial acti*ilies in relation to then defir*d conlritxjbon plan is £8,84012022." £4,837).
22

Marina Theatre Trust
Company limited by Guarantee
Notes to the financlal statements {contlnuedl
Y¢ar ended 31 March 2023
19 knthtysls of tharftable fund5
UnM8trl¢tsd fvnd•
Y••rendèd 31 IAarch 2023
At 1 April
2022
Income
Expondhur9
Transf*rn
At 31 Mxrch
2023
Gen￿1 l￿d$
283,123
1,491,474
11.607,3931
1B7.204
Restricted funds
Property repalrs
Feasitslity projecl
Flooding Back
11.552
98.130
27.000
136.682
1.628.156
111.5521
1102.2101
14.Q80)
24.879
20.799
188.003
1115.8831
1,723.276
283,123
Y•ar•nd•d 31 Marth 2022
Atl￿rf
2021
Incomo
Expendlturv Transfe
At 31 M4r¢h
2022
tser￿ra1 knd5
163,811
967.796
1848,4841
283.123
Restricted fund$
Propety repalrs
Community wuk
Arts Council_ CRF2
Arfs CounGil- CRF3
23.000
8.800
20.700
148.961
142.000
320.461
1.288.257
(31.6001
120.7001
1148.9611
1142.0001
1343.4611
11.191.9451
23.000
188.811
283.123
Ploperty iepalrs.. represents fundSng recelved Irom regardirvJ electrical and pl￿￿n9 wtyk512022,. fire alami ￿￿￿kS).
Commthty ￿r￿". represents lundiny ￿ceNe{l towards c(mmunty outreach￿1
Arts Cothcil. CRF 1. 2. 3.. represents ftjnding recevSed to support the cost of reopenlThJ the Ihealre.
Feasrf)lity proiecl.. represents furKliny recevied 10 5UPPDrt Ihe co$t5 telating to fea$ibllity Studles of Ihe Fund Capttal
Redeveloprnenl Plans. The defi￿1 in the fund al Ihe yeal eThJ vill be Cove￿ by fiJnding due to be received in Ihe year ended 31
March 2024.
Floodin9 8ack.' represents fundlng ￿CE￿ied to SLWPOrt the c05t5 of commissioning arKI produurvJ a ￿aY In respwse lo Ihe East
oasl flooding events of 1953 and 2013.
Trnt)8fers bettv8on fvnds
Tra￿41erS fuThls represents elements of reslrfcted lundSry rdated to cora costs.
23

Marina Theatre Trust
Company limited by Guarantee
Notes to the financial ststements (continued)
Year ended 31 March 2023
20 Anaty81s offièt assets bgfyv•gn funds
A8 at 31 Ma￿￿ 2023
Llnrgstrfct*d ReSt￿C￿l Total Fufid$
funds
funds
2023
Flxed assets
Currenl assets
Credrtors less than 1 year
5.948
710,133
1528,0761
689,334
1528,0781
20.799
Net assets
167,204
20.799
188.003
at 31 M4r¢h 2022
Unreslricied
funds
Reslrfcled Total FuThJs
fufKIs
2022
xed assets
cu￿rrt assets
Creililors less than 1 year
14.487
677.926
1409.2901
14.487
e77.926
1409.2901
Ngt as88ls
283.123
283,123
21 Oppratln9 ￿a#a commitments
total future rniThmum lease paymenis under n0￿canCelIa￿e operatlng leases a￿ as follokn8".
2023
2022
No later Ihan 1 year
Later than 1 year and not Sater than S y&8rs
More Ihan 5 years
20.000
80,000
215,726
315,726
21.875
80.wo
235.726
337.601
The arntsurt of lease payments recognised as an expense In chariiablt aclivibe5 duriry the year 15 £21.875 12022". £22,500).
24

Marina Theatre Trust
Company Ilmited by Guarantee
Notes to the flnanclal statements Icontinuedl
Year ended 31 March 2023
22 Rel•ted par
the period the Trust received £150.00012022.' £150.0001 frorn Lowesloft Tovm Councll In ¥¢¢ordance the managemenl
agreement. Al Ihe ye8r end the Trust was owed ENil12022.. £Nill. Ouring th? year the Trust also re￿Ned £17,858 12022.. £9,090>
towards cosls inwffed by the Trust from Lowesloft Town Coundl.
The property ocGupK9d bytho Trust18 ovmed by Lowesloft Town Counul •nd durlng the year rentwas paid to Ihe Counul of £20.000
12022.. £20.0001.
Al the period end the Tru* owed £Nil lo Lowe$loft Town Coundl and was owed £NlfroTh Ihe Councll.
During the year the Trust rerLived £117.000 12022.. £NiD of grant funding frorn Easl Suffolk Counc￿. Durfny the year the Trust
tewed £Nil {2022.. £7.6081 towards Costs incutred by the Trust and faclllty hire from Easi Suffolk Coun¢xl. The Trust pald East
Suffolk Coundl for rK)n4ometstic rate5 of £2.68812022.' E1.3721. The Trust P8KI E&¥t Suffolk Counol for an annu81 pretnitse5 lirEnce
of £295 12022." £2961.
The spouse of a forn*r mernber ol Ihe management team rete7¥ed remuneralion Ihe pertod ol £Nil 12022.. £1,160>. No
amouniswere outstanding al year erxl.
The father of a mefflb2r of the management team recefved femuneraiion during the perfod 01£1H 12022.. £631. No amounts were
ouistanding al the yearend.
Dunno Ihe year the Trust incurred 8xp8ndilure of £Nil12022." £4.7821 for buSldlng 8eM¢wts provided by a Spouse of a member of the
rnan3gementteam. Al the yearen(*lhe Tru51 owed £NII12022." £9501.
During Ihe year the Trust incurred eJ￿endI1Ure of £250 12022. £Nill which rtrlales to mernber5h￿ fee$ for the Asswatlon of Bfiti5h
Theatre Te¢hniu8ns ofwhKh R Townteyis a parf of ihe key managernenl personnel.
Durng the year Ihe Tru$1 incLwred expendilure of £Nil 12022.. £7261 for propeTty Maintenar￿* seMce$ provkled ty a close famity
member of a memberof the managementteam.
23 Rosults of Th•atr• Tr￿¢
During the >*ar. Ihe charfty mado 8 deficit of £95.120 indud￿rt) gfft ald from $ubsvJiary ol E16.882 12022. surplus of £81,478). Th2
Gharity Is not requlred lo Produ￿ Iheir own Stslement of Financial Adimties because of Ihe exemption prO￿850n Sn Seciion 408 01
ihe Companie5 Acl 2006.
25