(IIAIR'S REIM)RT TO THE ANNUAL GDERAL WEEfiNG 17tlr Septerrrber 2025 2(f25 h3S toen 3 ar of le3ming 3nd dw2lopmert forthe Curnmrttee and VolurteeTE, marked by delviery Df 3 variety Df events and shows, thrDugh the ongoing dedication of our volunteer5. On beh3Trf o the Tiu¥tee5,1 extEnd my gratttudE to our irKredible volunteEr5, whose commitrnent and generow of have been thE comet5tQTrE (rf Duf Success. ThE ccAlaborativE Spirit and excellerrt tearnwork of our voluntee[5 have f05tered a welcomir¥g aim05phere, ensuring our patrDn5 enjoys the 5t FX¥S5ible theatre experience. With(Krt the passion efft of our VDlunte2rs, TCAT would Simply not SUVe. ThrOUghtrt the YEar, the PrOgrafnIng team have YtDTked h3Trd to Create 3 vibrant arKI diverse schedule (rf events, including Shakespeare productTron5, comedy sh¥5. tribute bands, and partomime5. Whiletheatrical piodLKknons face 31 challenge5 in gaining ticket sale5. V•P have trialled new forrn3t5 such a5- an aftn featuring 3 5axophorbE quartet with 5tr3wberrie5 and prosecco, which was met with over&vhelming enthua5. and 3150, a children's Xma5 5W {in additi[ to our rEgular p3rrto) airned 5pecificallyat 2-&year-olds. We havE a150 been exploring rther cpptrtunitie5 to work with local org3nisatK¥n5 such a5 the Natior1 Trust Knighthawe5- to folkhv on thi5 later in the yEar. Our partnership with C[rIEdY Hall remain5 Strong and collabcrtivE, providing 3 reliable sOue of quality Shov with minirrbal efftrt or ri5kto TCAT and revenuE wia our barsale5. This collaboraknon h35 been irk5trumertal in 5UPPOrttng our vision ftir a diverse rarEe uf shows. Hi5toriL7lly, st>rne TCAT boDkpd evert5 achieved break-even or incurred 1055es. In response to thrs. v h3VE refinEd our approach by a55essing the financial viability of potenti315how5, and eBlUate finaniial risks erk5uring re5pofk5ible progr3rnrnE planning. particularly fur events invol4fjng which requitE high titkEt splits or high fixed costs tD the pErforrrbEr or significant deposits. bvork continues to ensure WE impttywe Duf admin prOce5 to rerrbain 5treamlinpd and effecti for 311 bocing5, marketing and Operati(al athryty. We ct>Ttknnue to rnaintain 3 dDse watch ticket Pricing a5 WE are aware of the wider econornic challenge5 people face in the region and the nepd for our events to prowide value money relative to other theatre5 or events in sornt and De¥L. ThrOUghtrt 2025 3 totsl uf 23 ¢TG4T arKI Cornpdy H311) ticketed show5 to(* pla. In add[ti(, TCAT ContinEd b) 5UPPOrt l(xal organisation5 such a5 East Devon Chor31 Society and Willawtree by provitfing 3 bar and stthvard5 ts thEir wivate charity evEnts TGIT has also Pfuvided free tKkets for several charity raffle during 2025. The extrernety PDpular par will a150 be run thi5 yEar at a traditional low wice a5 a token of appreciatrn tD our EU5tIKrTrEf5. Support from THS ctthnues to be vitsl; however, recent pEr50nnel change5 have led to s[e delay5 in confirmingthEatre availatxlity and booking5. Additrnally. theatre space remain5 in high detnand among OU5 User £roup5. pre5ertknng ongoing scheduling challenges for TCAT. Short term, we are tnintlFul of the exi5knng relatiork5hip vfith THS and thp risks to TCATS existence due to 5ignific3nt QfEani5ational change5 taking plaEe wtthin the5thoDI. LoDking ahead the future of TCAT 15 filled with exciting po55ibili5. The prospett of deloPIng a new thEatre will secure our FAace asTnrtOn's vibrant cultural hub for yE3t5 to came. A5 bDth a wluntser and TrustEe Vd ask that con5ider3tion is given to aCleratIng dElivery of thi5 project and a150 urge the Tru5tee5 to considEr WE utili5e existtng expprti5e vthich exists within the vthlurrteer / Committee tP3tn. Thank you to 311 lunteerS, lighting and Sound enginee[5, CU5tornet5 arKI trustees ftjf your continu&¥l supwrt and dedic3kn a5 cortknnue to deliver high qu31rty evEfts vthilst a150 shaping a thriving fututE for TCAT. TmF1n, TCAT LILqIR
Management Report
TCAT - Tiverton Community Arts Theatre For the period ended 31 December 2024
Prepared on 16 September 2025
Table of Contents
Profit and Loss ................................................................................................................................................3 Balance Sheet .................................................................................................................................................5
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Profit and Loss
January - December 2024
| Profit and Loss January - December 2024 |
||
|---|---|---|
| Total | ||
| Jan - Dec 2024 | Jan - Dec 2023(PY) | |
| INCOME | ||
| Bar takings | 14,037.48 | 12,591.31 |
| Donation | 36.77 | 0.98 |
| PRS Recharge | 286.76 | |
| Sales | 39,592.30 | 20,852.86 |
| Theatre Hire | 1,080.00 | 1,344.00 |
| Total Income | 54,746.55 | 35,075.91 |
| COST OF SALES | ||
| Bar Stock | 7,413.74 | 6,595.60 |
| Commission on Ticket Sales | 126.88 | 532.31 |
| Donation to THS | 500.00 | |
| Hall Hire | 3,989.86 | 1,580.10 |
| Performance fees | 31,382.24 | 19,424.62 |
| PRS Fees | 2,148.64 | 1,240.14 |
| Technical Production Costs | 1,035.00 | 410.00 |
| Total Performance fees | 34,565.88 | 21,074.76 |
| Sum UpCard Fees | 144.11 | 128.81 |
| Total Cost of Sales | 46,240.47 | 30,411.58 |
| TOTAL | 8,506.08 | 4,664.33 |
| EXPENDITURES | ||
| Accountancy | 240.00 | 240.00 |
| Advertising/Promotional | 1,610.32 | 1,033.00 |
| Facebook Adverts | 548.46 | 120.00 |
| Mid Devon Show Cost | 213.00 | 227.00 |
| Printed leaflets | 39.35 | 39.49 |
| Printed Posters | 432.80 | 711.60 |
| Website costs | 621.16 | 230.96 |
| Total Advertising/Promotional | 3,465.09 | 2,362.05 |
| Computer expenses | 158.32 | 61.80 |
| Consultancy Fees | 6,630.00 | |
| Equipment Purchased | 986.52 | 5,330.14 |
| Insurance | 560.00 | 560.00 |
| Licence Fees | 161.27 | 818.80 |
| Training | 45.83 | |
| Total Expenditures | 5,617.03 | 16,002.79 |
| NET OPERATING INCOME | 2,889.05 | -11,338.46 |
| OTHER INCOME | ||
| Grant Income | 1,000.00 | |
| Interest earned | 1,159.80 | 478.86 |
| Total Other Income | 1,159.80 | 1,478.86 |
| NET OTHER INCOME | 1,159.80 | 1,478.86 |
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TCAT - Tiverton Community Arts Theatre
| Total | ||
|---|---|---|
| Jan - Dec 2024 | Jan - Dec 2023(PY) | |
| NET INCOME/(EXPENDITURE) | £4,048.85 | £ -9,859.60 |
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TCAT - Tiverton Community Arts Theatre
Balance Sheet
As of December 31, 2024
| Balance Sheet As of December 31, 2024 |
||
|---|---|---|
| Total | ||
| As of Dec 31, 2024 | As of Dec 31, 2023(PY) | |
| FIXED ASSET | ||
| Total Fixed Asset | ||
| CASH AT BANK AND IN HAND | ||
| Cash | 288.41 | 420.60 |
| New Current Account - 3176 | 85,994.25 | |
| Old Current Account - 9638 | 372.66 | 16,972.48 |
| Old Savings - 9646 | 0.00 | 63,914.57 |
| Total Cash at bank and in hand | 86,655.32 | 81,307.65 |
| DEBTORS | ||
| Debtors | 863.16 | 3,916.16 |
| Total Debtors | 863.16 | 3,916.16 |
| NET CURRENT ASSETS | 87,518.48 | 85,223.81 |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| Trade Creditors | ||
| Creditors | 1,023.29 | 2,777.47 |
| Total Trade Creditors | 1,023.29 | 2,777.47 |
| Total Creditors: amounts falling due within oneyear | 1,023.29 | 2,777.47 |
| NET CURRENT ASSETS(LIABILITIES) | 86,495.19 | 82,446.34 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 86,495.19 | 82,446.34 |
| TOTAL NET ASSETS (LIABILITIES) | £86,495.19 | £82,446.34 |
| CHARITY FUNDS | ||
| Retained Earnings | 82,446.34 | 92,305.94 |
| Surplus/(Deficit) | 4,048.85 | -9,859.60 |
| Total Charity funds | £86,495.19 | £82,446.34 |
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TCAT - Tiverton Community Arts Theatre
01884 253030 Withers Steele Info@wlther55teeie.co.uk Charterèd Accountants 6 08klands Court Tiverton Way, rivvvtvii. Devon. EX16 6T6 EXAMINER'S REPORTTO Tiverton CommuntyArtsTheatre forthe year ended 31 December 2024 I have examined the accounts of the Tiverton Community Arts Theatre for the year ended 31 Decenibei 2024 FlldLle eiiquires of the offlcers of the society and assessed the accounting policies used to gather sufficient eviden for my conclusions in this report. as set out on pages attached. My responsibilities are to: identify whether or not proper acr.niinting records have been kept. check that the accounts agree with the accounting records. look for possiblc signtficant errors in the accounts. check that the accounts have been properly prepared in accordance with the accepted aGGouiiliiiy PldLtiLe. Where any matter arises from this px2min2tion that gives cause for concem, it is my duty to report it. My report". The accounts agree with the accounting records provided, there are no signifiGant errors in the accounts, and the accounts have been properly prepared. Icjzf, W J Withers Bsc {Hons) FCA Witliers Steele CtiarterEd AccourrtaTts Is the traolng name of Withers Steele Limited. Regislered in Enqland and Wales number 07244933 Registered office.. 6 Oaklands CourL Tivortnn Way. Tiverton. Dèvon. EX16 6TG. VAT Reg No 995 3733 68