Report of the Directors and
Financial Statements
For the Year Ended 31 March 2025
Valley Community Theatre
(Company limited by guarantee and not
having share capital)

Valley Community Theatre
(Company limited by guarantee and not
having share capital)
Contents of the Financial Statements
for the Year Ended 31 March 2025
Company Information
Report of the Directors
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
The following pages do not form part
of the statutory financial statements:
Independent Examiner's Report
Profit and Loss Account
Page
1
2
8
10
14
15

Valley Community Theatre
(Company limited by guarantee and not
having share capital
Company Information
for the Year Ended 31 March 2025
DIRECTORS:
SECRETARY:
REGISTERED OFFICE:
REGISTERED NUMBER:
- COMPANY:
- CHARITY:
PLodge
C Freeney
D Brown
K Upfold
S Donegan - appointed 15 August 2024
L Hinnegan - appointed 15 August 2024
THumphreys - appointed 15 August 2024
1 Shallcross - appointed 15 August 202
) Lauder - appointed 7 February 20:
MABall
Valley Community Theatre
Childwall Valley Road
Liverpool
Merseyside
L27 3YA
03900667 (England and Wales)
1150615 (England and Wales)
Page 1

Valley Community Theatre
Cing shy reaped by guarante and not
Report of the Directors
for the Year Ended 31 March 2025
The directors present their report with the financial statements of the company for the year ended 31 March 2025.
PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of an arts facilities operator.
The company was incorporated under the Companies Act 1985, under the terms of its Memorandum and Articles of Association,
on 29 December 1999, having already been registered as a Charity in accordance with this governing document on 19 October
1994. In 2013 a new Memorandum and Articles of Association was adopted and the charity was registered again. The new
registration number is 1150615
RESULTS
The results for the year are shown in the annexed financial statements.
Mission
The Valley Community Theatre
-
ims to advance the education of th
understanding and appreciation of performance related skills.
ffers opportunities in the arts for young people and other vulnerable groups e.g. vulnerable adul
ffers alternative education provision for young people in danger of dropping out of full time education, at risk, hard
reach or facing barriers and for other vuinerable, stigmatised groups.
Provides a venue for high quality shows, conferences and events.
Provide as a safe, intergenerational meeting place for those who are concerned or interested in the arts.
Provide access to accreditation in the arts
Public Benefit
The Trustees have considered the Charities Commissions' Guidance on public benefit in the shaping of its mission and the
planning of the Valley Community Theatre's activities for the year.
Activity
The principal activity of the company in the year under review was that of an arts facilities operator and providing theatre, dance,
music, art and film opportunities for young people and the community.
The Valley Community Theatre is one of the largest, newly refurbished youth theatres in the North West of England, and runs:
Arts to Inclusion - educational programmes for young people at risk
Youth Theatre
Youth Dance, Art, Film & Music/Recording programmes
:
Youth Arts Development Forum
Outreach projects secondary school levels and youth clubs
•
Community Arts projects
Touring Companies for Community Theatre experience
High quality-equipped training, rehearsal and performance venue for hire.
The Board of Directors/Trustees fulfil their responsibilities as volunteers, and young people are encouraged to contribute to the
activities of the VCT when appropriate as supervised volunteers.
Page 2

Valley Community Theatre
(Company limited by guarantee and not
having share capital)
for tie ear Ented 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
The company is managed by its volunteer Board of Directors/Trustees, who appoint the Project Director, who line manages
sessional and project tutors, artists and administrative staff.
The directors of the Company, and Trustees of the registered charity, during the year under review were:
PLodge
LEvans
E Lodge
C Freeney
M Rowland
McLennan
Drow
K Upfold
S Donegan (appointed 15 August 2024)
L Hinnigan (appointed 15 August 2024)
T Humphreys (appointed 15 August 2024)
M Shallcross (appointed 15 August 2024)
D Lauder (appointed 7 February 2025)
The Trustees meet no fewer than four times per year and, when necessary, more often.
All the directors, being eligible, offer themselves for election at the forthcoming Annual General Meeting. All directors are
Training for existing Trustees and further development of the Board of Directors remains under review. Via the Youth Arts
Development Forum, young people have been encouraged and prepared to attend meetings of the Trustees as observers.
The Board takes seriously its responsibilities and carries out through its Theatre Director full risk assessments on all activities
undertaken. Proper consideration is given to fulfilling the requirements of such policies as the VCT Health and Safety, Fire,
Diversity and Safeguarding Policies to ensure the safety of all staff, users and visitors. Regular reviews are carried out and the
item is part of the standing Agenda at meetings
FINANCIAL REVIEW
Finances
Total incoming resources for the year amounted to £174,724. Of this £83,138 was unrestricted. The total expended resources
were £182,786 of which £91,200 was unrestricted.
Reserves Policy
The Valley Community Theatre aims to maintin a 3 month operating reserve in place.
:
Page 3

Valley Community Theatre
(Company limited by guarantee and not
having share capital)
Report of the Directors (continued)
for the Year Ended 31 March 2025
Statement of Directors' responsibilities
Company law requires the directors to prepare financial statements for each financial year which give a true and fair view
of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and applicatio
of resources, including income and expenditure, for the financial year. In preparing those financial statements, the director:
should follow best practice and:
select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent; and
prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will
continue on that basis.
The directors are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any
time the financial position of the charitable company and to enable them to ensure that the financial statements comply with
the Companies Act 2006. The directors are also responsible for safeguarding the assets of the charitable company and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Valley Community Theatre, Trustees' report 24-25
Over the past year we have facilitated free arts activities for 230 children, young people and adults from ages 8 upwards.
This includes 270 arts-based workshops, live events and performances in theatre, live music, music production, dance,
theatre tech and arts and props making. Our service has supported vulnerable groups including people living in an area of
high disadvantage, people with disabilities, poor mental and / or physical health, young carers, LGBTQ+ people, older
people, women and girls and care-experienced people including children and young people from age 8 to adults and families
within our community. 47% of our beneficiaries consider themselves to be disabled.
We provided informal opportunities to strengthen community connections using a joined-up approach to provide our
activities. Our facilities include: Foyer with small open mic stage and café, Theatre auditorium with seating for 150 people,
2 Dance studios, music recording studio, vocal room, drum room. These spaces have allowed us to facilitate multiple arts
disciplines across the building at one time, creating a buzz and hive of artistic freedom, the opportunity to be yourself, meet
new people and most of all have fun! We facilitated a warm, welcoming safe space for our community to access free of
charge and facilitated outreach sessions in the community for project promotion to reach more people.
ADULT DRAMA
In addition to our regular workshops, a busy performance year started with our Homelessness Drama Project supported
by a grant from Network Theatre. This involved workshopping ideas into a finished performance, "Lifestyle Choice" by
Steve Bird and Tom Mclennan, which culminated in performances in July 2024 at Valley and was well received.
Our seasonal Panto followed, this year Jack and the Beanstalk, which was performed to packed audiences in January
2025, with prices kept low to encourage local families and groups to attend.
2025 saw us embark on our next funded project, on the Workers Theatre Movement, supported by Unity Theatre Trust
Barry Amiel and Norman Melbourne Trust and the Lipman Miliband Trust. This involved active workshops for the
public creating modern Living Newspapers. While most of the performances were in the Summer of 2025, we did enter
one for the 2025 Leverhulme Drama festival in March. This was called "Next Edition" and was awarded the Richard
Tom Mclennan, Adult Drama Facilitator
Page 4

Valley Community Theatre
(Company limited by guarantee and not
having share capital)
Report of the Directors (continued)
for the Year Ended 31 March 2025
MUSIC FOR YOUNG PEOPLE
wished to perform.
YOUTH DANCE
Our Youth Dance offer provided weekly free access to our dance studios to choreograph routines. The provision was not
only excellent at improving physical and mental health but the group formed a friendship group outside of Valley.
YOUTH THEATRE
Youth theatre engaged with over 50 young people, providing a safe and creative space for them to develop skills, grow in
confidence and thrive in the arts. The foundation of our sessions being our weekly drama workshops, in which young
people expanded their techniques and engaged in a mixture of core skills, devising scenes and working with scripts. This
was complemented by additional half-term workshops which culminated in small-scale showcases, giving participants the
chance to perform on stage, build confidence, and celebrate their progress whilst also giving them practice performing in
front of smaller audiences whilst we began rehearsals for our big show in the summer.
For many, this was their first experience of taking part in a production and this helped them to build resilience and gain
insight in how a show is put together from start to finish. Although the progress seen onstage is remarkable, the benefits
of these weekly sessions extend beyond the stage. The young people have developed self-confidence, have found their
voices in expressing ideas, and built strong friendships that continue outside of the sessions. And whether they decide to
pursue a career in the arts in the future or create a career in another area, they have developed many transferable skills
which will benefit them such as collaborating to solve problems and public speaking.
Looking ahead, our youth theatre has already begun preparations for our Christmas production. We have also restructured
our programme to ensure even more young people can take on meaningful roles and develop their skills with ambitions to
deliver three productions in the coming year.
Georgia Bowers, Youth Drama Lead
PARTNERSHIPS:
We have worked with 3 local disability charities and 32 local dance and drama businesses as host venue for theatre, dance
over 700 stor. and soci and peria even helied to supporte sustainabity of socal businesses socials f
ance and drama schools throughout the Liverpool region which attracted more visitors increasing socio-econom
silience in our neighbourhood. We were also a host venue for Liverpool Fringe Festiv
WELCOMING TOURING ARTS COMPANIES
We have hosted professional touring theatre companies and musicians such as OddArts, Manchester, Big Telly Theatre
Co. Ireland and LGBTQ+ Band "The Irrepressibles', Manchester for our beneficiaries and local community to access.
Page 5

Valley Community Theatre
Company limited by guarantee and not
zaving share capical)
Report of the Directors (continued)
for the Year Ended 31 March 2025
PLANS FOR THE FUTURE
To become a more modem, independent, sustainable community venue as per our long-term vision.
Be a central part of community life for people of all ages and abilities, bringing people together to improve lives via mental
health and physical well-being arts activities.
Promote increased engagement in the arts, particularly amongst those who face obstacles to doing so such as financial
barners/ poor health /disability.
Promote our services to a wades community, facilitating opportunities for people to "have a go" to gain new shills and
achieve their goals.
Reach more people via increased capital investment.
Become more sustainable via increased income generation.
Continue to provide fred arts activities for children, young people and adults in our community via grant funding and income
generation; meeting our charity aims and objectives.
In line with the 5 ways to well-being, ensure that people are more active hy taking part in actvities such as dance and drama
sessions,
Encourage civic engagement by facilitating volunteerism to create n culture of collaboration and solidarity,
Embrace diversity and inclusion: continue to create an invaluable inclusive space where all individuals fect welcomed,
respected, and valued for their unique contributions. Approximately half of our beneficiaries have a disability
Build on existing and expand new social connections through our events, acavities, and social gatherings, promoting a
sense of belonging and support amongst our communsty.
Create a thnving, empowered and compassionate community through a senes of inclusive events, workshops, consultations
and arts sessions.
Provicle outreach workshop delivery to more arts-based community groups in Líverpool to promote the project and react
more people.
Provide a detached youth arts service 'on the streets" to engage more young people who may be at risk of engaging in ant-
socirl behaviour.
Provide mentoring foraspiring musicians and artists.
Increase safety and promote social cohesion by providing a space for community members to meet up and engage in cultural
activities to strengthen social bonds and reduce feclings of'isolation, ultimately contributing to a safer and more connected
community.
belonging and steer them away from negative influences.
Address social issues through our productons and programming. By staging or liosting plays or performances that tackle
topics such as mental health, bullying, extremism or discrmination, we have raised awareness, sparked conversations, and
promoted better understanding within our community.
wild resilience by offering opportunities for community members to participate in creative activities, express themselve
ad connect with others to help build resilience and coping skills that contribute to overall community well-beir
ON BEILALF OF THE BOARD:
S. MYeunom
T McLerman - Chass of Trustees
Dated: 7ª November 2025
Page 6

Valley Community Theatre
(Company limited by guarantee and not
having share capital)
Statement of Financial Activities
(including Income and Expenditure Account)
For the Year Ended 31 March 2025
Unrestricted
Funds
€
Notes
Incoming resources from generated funds:
Voluntary income:
Grants received
2
Donations received
Incoming resources from
charitable activities:
Total incoming resources
Resources expended
Costs of generating funds:
Costs of generating voluntary income
3
Charitable activities
Governance costs
Total resources expended
6
Net incoming resources
- Net income for the year
Gross transfers between funds
Net movement in funds
Total funds at 1 April 2024
Total funds at 31 March 2025
Restricted
Funds
2025
Total
Funds
:
83,138
83,138
21,586
91,586
91,586
-
83,138
174,724
-
89,527
1,673
21,200
(8,062)
1,164
90,422
91,586
-
1,164
179,949
1,673.
182.786
(8,062)
(8,062)
70,136
62,074
-
(8,062)
70,136
62,074
Movements in funds are disclosed in Note 13 to the financial statements.
DESIGNATED AND ENDOWMENT FUNDS
The charity had no designated or endowment funds in the year.
The notes form part of these financial statements.
Page 7
2024
Total
Funds
114,519
51,707
54.423
220,649
670
166,418
2,011
169.099
51,550
51,550
18,586
70,136

Valley Community Theatre
(Company limited by guarantee and not
having share capital
Balance Sleet
As at 31 March 2025
2025
2024
Notes
10
FIXED ASSETS:
Tangible assets
CURRENT ASSETS:
Cash at bank and in hand
CREDITORS: Amounts falling
due with one year
NET CURRENT ASSETS
TOTALASSETS LESS CURRENT
LIABILITIES
11
NETASSETS
RESERVES:
Unrestricted income funds - general
Restricted income funds
12
E
34,319
14,589
28405
650
26,197
- 650
27,755
62,074
102074
25,547
70,136
E70,136
62,074
70,136
162074
470,136
The compans is entitled to eterption from audit under Socison 477 of the Companies Act 2006 forthe year ended 31 March 2025.
The members have not required the company to obiain an audic of its financial statements for the year ended 31 March 2025 in accordance writt
Section 476 of the Companies Act 200G
The financial statements have beer prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 resting io small
companies and with FRS 102.
ON BEHALF OF THE BOARD:
-TeLeman
Approved by the board on 7* November 2025
The notes form part of these financial statements
Page 8

•
Valley Community Theatre
Company limited by guarantee and no
aving share capital
Notes to the Financial Statements
for the Year Ended 31 March 2025
ACCOUNTING POLICIES
ccounting conventio
ompanies At 206 and fallove the recommendations of satement Reconned Practed apil rs shorie
ncoming resource
Fundraising and publicity costs comprise those costs incurred in raising funds for the charity and promoting its public
profile.
is shares e plied on chariable activities comprise all expenditure directly in undertaking the charity's work to meet
Governance costs comprise costs incurred directly in govemance arrangements relating to the general running of the
charity,
Tangible fired assets
Depreciation is provided at the following annual rates in order to write off the cost of each asset over its estimated useful
Fixtures & Fittings
Theatre Equipment
- 15% straight line
- 15% straight line
Restricted funds
Restricted funds are funded by grants received for use on specified projects, identified as part of the original bid for
such funding, and may not be used to finance any other projects or the general operations of the charity. Expenditure
which meets these criteria is charged against restricted funds, together with a fair allocation of management and support
costs.
Uhrestricted und are grants and other incoming resources receivable or generated for the objeets ofthe charity without
further specified purpose and are available as general funds.
Page 9

Valley Community Theatre
(Company limited by guarantee and not
having share capital)
Notes to the Financial Statements (continued)
for the Year Ended 31 March 2025
2.
INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE CHARITY'S OBJECTS
2025
Unrestricted
Funds
Restricted
Funds
Total
Funds
€
2024
Total
Funds
€
Grants received
LCC
Merseyside Play Action Council
LCVS
Netherley Youth Foundation
MWRA
Liverpool HAF
Postcode Lottery
National Lottery Community Fund
Barry Amiel & Norman Melbourne Trust
Unity Theatre Trust
Lipman Miliband Trust
Picton Family Fund
-
16,450
-
-
-
-
-
-
:
:
3.
COSTS OF GENERATING VOLUNTARY INCOME
Unrestricted
Funds
€
Restricted
Funds
1,164
2025
Total
Funds
1,164
2024
Total
Funds
670
4.
Publicity and promotions
CHARITABLE ACTIVITIES
Staff costs (note 8)
Performance & project costs
Practitioners
Rent, rates and water
Light and heat
Telephone
Repairs & maintenance
Catering
Insurance
Bank charges
Professional Fees
Depreciation
Unrestricted
35,554
2,430
12,259
1,521
7,390
6,174
88
1,537
_ 9,546
82,527
Page 10
88
166,418
•

Valley Community Theatre
(Company limited by guarantee and not
having share capital
Notes to the Financial Statements (continued)
for the Year Ended 31 March 2025
GOVERNANCE COSTS
6.
Telephone
Rent, rates and water
Accountancy
Depreciation
TOTAL RESOURCES EXPENDED
Unrestricted
Funds
299
724
1,673
Staff Depreciation
Costs
(owned assets)
Restricted
Sands
:
-
2025
Total
Funds
299
650
_ 724
1,673
2025
Total
Costs
2024
Total
Funds
272
-
650
1,089
2,011
2024
Total
Costs
7.
8.
Other
Costs
Costs of generating voluntary
income
Charitable activities
Governance costs
84,554 9,546
34554 12270
NET INCOMING RESOURCES FOR THE YEAR
1,164
85,849
949
87,962
1,164
179,949
1,673
182,786
670
166,418
2.011
169,099
2025
2024
This is stated after charging:
Depreciation
STAFF COSTS
10,270
10,635
2025
2024
€
Staff costs were as follows:
Wages and salaries
84,554
79,829
No employee received emoluments of more than £50,000.
The average weekly number of employees during the year, calculated on the basis of full-time equivalents, was
as follows:
2025
2024
Fundraising and publicity
Charitable activities
Governance costs
:
No remuneration was paid to the directors, nor were any expenses incurred by directors in both years.
Page 11

Valley Community Theatre
(Company limited by guarantee and not
having share capital)
Notes to the Financial Statements (continued)
for the Year Ended 31 March 2025
9.
10.
11.
TAXATION
The charitable company is exempt from corporation tax on its charitable activities.
TANGIBLE FIXED ASSETS
COST OR VALUATION:
At 1 April 2024
Additions
At 31 March 2025
DEPRECIATION:
At 1 April 2024
Charge for the year
At 31 March 2025
NET BOOK VALUE:
At 31 March 2025
At 31 March 2024
Fixtures &
Fittings
22,431
22431
21,706
724
22,431
725
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Accrued expenses
Theatre
Equipment
88,095
88.095
44,231
9,546
53,777
34,318
43,864
Total
110,526
110.526
65,937
10,270
76,207
34,319
44,582
2025
650
650
2024
:
650
-650
12.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 March 2025
General
Funds
34,319
28,405
( 650)
62,074
Restricted
Funds
Total
Funds
€
44,589
26,197
( 650)
70,136
Page 12

Valley Community Theatre
(Company limited by guarantee and not
having share capital
Independent Examiner's Report to the Trustees of Valley Community Theatre
Respective responsibilities of trustees and examiner
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation
of the accounts. The charity's trustees consider that an audit is not required for this year under section 43(2) of the Charities
Act 1993 (the 1993 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent
examination, it is my responsibility to:
examine the accounts under section 43 of the 1993 Act;
• to follow the procedures laid down in the General Directions given by the Charity Commission under section 43(7)(b)
of the 1993 Act; and
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charities Commission. An
examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented
with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of
explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence
that would be required in an audit and, consequently, no opinion is given as to whether the accounts present a "true and fair
view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
• which gives me reasonable cause to believe that, in any material respect, the requirements
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
(b) to prepare accounts which accord with the accounting records, comply with the accounting requirements of the
Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice:
Accounting and Reporting by Charities have not been met; or
• to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Name:
Relevant professional qualification or body:
Address:
Date:
P Taylor
ACCA
74 Brook Vale
Waterloo
Liverpool
L22 3YB
7ü November 2025
This page does not form part of the statutory financial statements
Page 13

Valley Community Theatre
(Company limited by guarantee and not
having share capital)
Profit and Loss Account
for the Year Ended 31 March 2025
2025
2024
Income:
Grants received
Donations received
Other incoming resources
91,586
-
83,138
114,519
51,707
54,423
174,724
Expenditure:
Wages and salaries
Telephone
Publicity and promotions
ICT equipment & maintenance
Performance & project costs
Practitioners
Repairs and equipment
Professional fees
Accountancy
Rates and water
Insurance
Light and heat
Catering expenses
84,554
1,992
1,164
16,146
3,237
32,443
1,681
650
2,700
6,848
13,623
7,390
79,829
1,815
670
21,479
5,720
11,832
1,822
650
2,598
6,394
15,896
8.610
Finance costs:
Bank charges
Bank interest
Depreciation:
Fixtures & fittings
Theatre equipment
NET PROFIT/(LOSS)
88
172,428
2,296
88
149
724
2,546
1,089
2,546
10,270
€ (8,062)
This page does not form part of the statutory financial statements
Page 14
-
220,649
158,315
62,334
149
10,635
€ 51,550