REGISTERED CHARITY NUMBER: 1155291
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
MEMORIAL HALL AND THEATRE
Xeinadin Audit Limited
(Statutory Auditor)
Court House
Court Road
Bridgend
CF311BE

MEMORIAL HALL AND THEATRE
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Roport of Ihe Trustees
1 to 10
Report of the Independent Audltors
11 to 13
Statement of Flnanclal Actlvltles
14
Statsment of Flnanclal Posttlon
15
Statement of Cash Flows
16
Notes to the Ststement of Cash Flow5
17
Notes to the Ftnanclal Slatements
18 to 29

MEMORIAL HALL AND THEATRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees are pleased to presenl th8ir report with the financial statements of the charRy for the year ended 31
March 2025. The trustees have adopted the provisions of Accounts'ng and Reporting by Charities.. Statement of
Recommended practi￿ applicable to charities preparing Iheir accounts in accordance with the Financial Reporting
standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and alms
The Memorial Hall and Theatre's (trading name: Memo Arts Centre (MAC)) objectives for public benefft are lo present
vibrant and exciting cultural arts, cinema and accessible cultural educational and participatory activities that help mak8
arts and culture an important and meaningful part of people's lives and contribute to their wellbeing.
MAC'S programme connects with audiences through English, Welsh, and multi<ultural languages, lo promote the
widest understanding of culture and diversity, and is designed lo increase opportunities for engagement with
underserved communities to make Bary and the Vale of Glamorgan a better place to live.
Our Misslon.. Promole innovative, creativ8 arts activiti88 in way5 which help to establish them as an important part of
people's lives.
Ourvlslon:
A welcoming accessible ￿soUrce that encourages people from all background to work or participate with us, and
offer a supportive home for the community lo celebrate their voices
Programmes that focus on work adopting inter<tsltural and inter4isciplinary approaches across a range of art foms.
- At the he8rt of all our work are our partnership relationships with the wider Community, artists and collaborators.
MAC'S values underpin all the decisions we lake, how we serve our audlences, r￿rUit our staff and
engage with artists.
MAC values:
Activity that celebrates equality, diversity, inclusion. and support8 economic disadvantage to strengthen S￿la1
cohesion through our audience engagement
Increasing the accessibility of the arts by giving users and audiences more involvement In programmlng and
introducing Ihem to new opportunities and innovations
Helping artists to develop and showc888 their Creativity through productive partnerships with diverse collaborators
and the public
Inclusive opportunities for evoryone, recognising the uniqueness of artistic tal8nt. and lived experience
Making the most of the social benefits of the arts and valuing Ihe pleasure people gain from their own indiwdual
artistic expression
Publlc beneflt
MAC'S programming sligns and is commitment to the principles of the Welsh Government Wellbeing of Future
Generations Act and our Cultural Contract with both cullural and social purpose.
MAC'S public benefit is wid&reaching,' our activities and services are created to encourage the public to have a positbve
and active relationship to the arts. MAC'S partnerships and collaborations support skill-based learning throughout our
work. that further supports artists through shared mentoring, in-kind resources, training and paid employment
opportunities that connect MAC works with people in our local community in a way that feels relevant to their everyday
lives and enhances their shared experiences. MAC'S activities are designed to meet the inlerests of all, and embrace
specific slrands for specific projects for children, young people, families and people with disabilities and disadvantaged
people.

MEMORIAL HALL AND THEATRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE
Charitable actlvltles
MAC relies on grants and the incorne from fees and charges to cover its operating costs. MAC has considered th8
Charity Commission's guidance on public benefit and fee charging. In setting the level of fees, charges and
concesslons, the Board gives very careful consideration to the equality of accessibility of the centre for those on low
income and disadvantaged from taking part in Ihe arts.
MAC'S successful investmenl grants from our creative fijnding partners ACW, Film Hub Wales and Ffilm Cymru and all
our partners supports MAC to work with community organisations, local and national artists and creative sector
companies to help make lives better for people living in th8 Vale of Glarnorgan and wider region.
Capltal Developrnent
Memo Shaplng Up project fundraising continued to b8 our priorlty during the year,
underpinned by a successful VOGCC Slronger Communities Levelling Up Stage 1 and 2 funding grdnts we were
granted the project match funding through the National Lottery People and Places grant scheme to secure the
implementation of the memo Shaping Up venue future proof development plan.
During the year, MAC promoted an increasingly wide range of arts, leaming and participation activities, and provides a
base for oulreaGh activities through touring and community engagement, especially in our local communities with little
access to arts participation.
MAC'S programrne hlghlights included high-quality diverse small and mid-scale theatre and music perfofftiances
perfomed by national and international louring professional companies. MAC promoted more popular w811 recognised
family theatre adaptations with specrfic communications and marketing campaigns to attract new audiences from wider
calchmenls to experience lesser4(nown new productions made in Wales.
MAC'S artist-led partnerships widened our creative connections to open new project planning conversations for future
community engagem•nt and helped shape our ongoing strategies to enhance inclusion. and spark forward-looking
creative collaborations, that will result in the presentation of exciting performances, screenings and participatory
projects in Barry.
ACW create funding supported our Memo Creative Community projects which strengthened our audience reach and
engagement further. These valuable investments helped MAC to create a vibrant live theatre, music and participatory
project programme.
MAC'8 engagement strategies took into consideration the impect of the ongoing costwof-living crisis felt by the whole
Community through programming that could maximise our resilience, and adaptable business models to re-shape our
ongoing planning when needed.
Depending on our programming. MAC draws audiences and users from Cardiff, Bridgend, the valleys and from across
Wales and UK wide postcodes.
MAC'5 principal engagement demographic predominantly spans across the Vale of Glamorgan which is an affluent
area which includes Barry, the largest town in Wales, Ihal has areas with high levels of income deprivation for young
Children, with a third of Bary in the worst 200/0 low income and employment poverty indicators.
MAC'S live and Ginema programme provided accessible prograrnming and free ticketing for all accompanying Carers,
for people of all ages. MAC provides adapted presentation in relaxed settings and spaces, with BSL, subtitles and
induction loop syslems to ènable inclusion for all.
MAC'S evaluated box office data indicated a third of our overall audience are aged 65+, and we conlinued to develop
strong engagement with younger schools and family audiences. MAC worked in partnership with diverse local support
groups, agencies. voluntary organisations, and individua15 to ensur8 we achieved Ihe widest engagement with diverse
audiences.

MEMORIAL HALL AND THEATRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
In 2024-2025 our Audience were..
-Ages: 2-97
57QA live within postcodes Bary CF62 and CF63
- 430/0 VOGICardiff, Penarth, Sully, Bridgend. Newport, RCT and beyond
61 ¢A live within O-35-minute drive area
230/0 disabledlliving with long tern illness
600/0 regular retumers to our young children and family screenings
- Primary and secondary VOGICardifflBridgend Schools
110/0 Deaflhard of hearing audience
- 290fi unemployed
Welsh language - MAC continued to support the widest use and promotion of the Welsh language through all aspects
of ourvenue and programme.
MAC'S programme offe￿d Welsh language speakers and18amers opportunities to engage in Welsh language activities
by working with muttiple partners and promoters. Our Welsh language programme promoted performances for adults
and families from Theatr lolo, Theatr Genadlaethol Cymru, Michael Harvey Y Llyn, and Sheman, along with our Welsh
language film screenings and Welsh language participatory ¢realive workshops.
MAC'S audience monitoring most common survey replies provided particularly positlve feedback around..
Experience of highqualty arts here in Barry
- Valu8 for money
Accessibility to mulligeneralional activty
Out of school family activity
- Welcoming staff Ivolunteers
MAC'S valuelpride for Barry and the wider Vale community
Flexibility of venu8 spaces
Enjoyment of seeing shows outdoors onsitelopposite park
Free parking onsite
Cinema: our shared screen in the auditoriurn makes programming $c￿enIngS challenging as increased live activity
combined with lower title availability continued lo redu￿ cinema potentials across th8 year. MAC'S funding partners
enabled us to support relaxed screenings for older, and young neurodiverse audience$, prioritise affordable screenings
for local families (especially in school holidays) and curdle targeted regional school cinema trips through our screenings
with free tickets to local primary school children from low-income families. MAC continued lo offer farnily holiday with
cinema wrap around activities, along with our archive, Made in Wales, BFI and commemorative cinema èvents.
Partnerships - Al the cora of MAC'S values is working collaboratively in partnershlp with others, from across all sectors,
to provide an increasingly wide range of arts and participation adivities for the widest community engagement,
especially in communities with little access to arts participation.
MAC'S partnerships underpin our social impact and generate greater benefit for our audiences, users, collaboration
partners, staff, and volunteers.
MAC'S communty engagem8nl supported:
- New ways to explore, experience. share and value cultural diversity
Inclusion and affordable access to take part. enjoy and be inspired by our programme
Relaxed events with free hospitality and s¢xial opportunities for older, neurodiverse, disabled, deaf people, and
people with prolected chara¢teristi¢s to combat isolation
- Free engagement tickets for disadvantaged people

MEMORIAL HALL AND THEATRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
- Affordable school holiday events with free pre-event craft activities
- Free carer tickets through recognition of the CEA, HYNT and personal carer ID cards
- Programming supported school trips. curriculum, and continued Classroom Work
- Free school cinema tickels for low-lncome families
Intergenerational participation workshops
In-kind spaces and expertise for local artists. dev8lop skills and create new work
- Vclunteer skills, training, experience and other 8arry projects
Local employments, and cuttural sector career opportunities
Fundraising resilience for communty groups, school PTAS and local charities
- Shared resources, marketing, box-office, rnentoring, produdion expertise and support for our community gvent5
Communily Hire Programrne.. MAC provided facilities and resources for hire and prides itself as a home and Integral
partner in supporting incom8 generation for many local community and communty focused charities, education, and
voluntary groups, along with th8 local authorities, NHS, businesses and diverse social activities, as well as our diverse
private events.
Communications.. MAC continued to develop diverse communication and engagement strategies delivered across
multipl8 social, digital, and traditional communication platforms, Gombined with distribution of physical rnarketing
materials to promote our work, prcgramme, and venue. MAC reviewed ils KPI'S lo monitor the efficacy of our
communications and audienc8 engagement strategie5. This data was used to develop ongoing programming and
funding bids to support our on90ing work.
Resilience.. MAC'S cornbined oxperience and ongoing resilience leaming contributed to the ongoing operational
capacity lo implement adaptable business models lo strengthen resilience and build ongoing sustainability with the
8mphasi5 on good governance and gr0￿h developrnent rather than returning to business as usual.
Climate Sustsinability.. MAC adion plan reviews contributed lo our ongoing commrtmenl lo making its operations more
environmentally sust8inable and undertook work to develop rnore sustainable energy usage and waste and recycling
throughout th8 venue facilities. MAC'S new Shaping Up inteNentions lo be installed in 2025 hav8 identified substantial
operational energy savings through our new heating, production and cinema projection systems. Since the new Welsh
Government regulations in April 2024, MAC ensured all disposable bar or café ware is recyclable or biodegradable
products, and through segregated recycling now rewcles 920/u of its waste.
Equality, Diversty, Inclusion.. MAC reviewed its organisations approaches to support EDI awareness, and engagem8nt,
and identified ongoing training and CPD opportunities to support our organisation relationships with our community and
beneffit how we work with freelan￿ artists and encourage new partnerships. Our fijture planning incorporates flexible
stralegies lo drive the developrnent of MAC'S work for positive social impact, from wellbeing and health ta inclusion.
education, and regeneration.
Climate Justice now features alongside equalities & diversity as an overarching principle in all that we do. MAC'S
opeTalional systems and programming includes aclivilies that Showcase. educate and builds stronger public awareness
about the impacts we have on climate sustainability.
FUTURE PLANS - MAC'S Board and staff have continued to hold the business to review in developing its future
planning in the light of operational experience, future public investment prospects, the outcomes of its fundraising
slrategies, and the strategic context for its future activities.
MAC is committed lo eliminating discrimination and promoting social Cohesion through its proactive approach to
diversity, inclusion and equality, and understands that if MAC is lo play a relevant and importanl role in Bary. our staff
and our programmes need to be reflective and representstive of the diversity wrthin the region that we serve.
rèsponding lo the interests and culture5 of those who live and work here.

MEMORIAL HALL AND THEATRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
MAC'S Board. staffing and volunteer recruitment diversty will continue lo be a key objective, along with succession
planning lo increase the level of lived experience, heritage and dynamic of MAC'5 people to strengthen. nurture and
ma￿Mise our potential to operate within a welcoming and accessible environment. MAC will focus on delivering the
objectives sel out in its business strategy wtth tsrgeted fundraising lo strengthen MAC'S cultural rol8 and enhance the
scale and diversty of its communty creative engagernenl and income generation streams.
MAC'S ongoing Memo Shaping Up IMSU) capital fundraising ha$ secured signtficant investments to support
sustainability fram enhanced engagement, diverse income streams, generated from the repurposing of spaces in the
building to offer significant strategi¢ social, economic and gr￿h benefits by providing new..
83 sealed second cinema daily screenings, with digital presentation fa¢ilrties to compliment hire and programming
aclivilies.
- Heating system to improve performance and reduce costs and supports MAC'S decarbonisalion larget
Cost saving energy systems through heat retention, secondary foyer door lobbies, new fire doors, roof insulation, new
and improved Secondary gl&ing to provide operational savings
Dedicated Gafélbar area resources in refurt)ished social spaces to support community and commercial hire
programmes, and will increase in.house foodlcalering capacity and increased revenue potentials
Door sound proofing for th8 theatre auditorium to enable other activities to coincide when in usg
Rear main hall corridor will improve intemal customer journey routes
- Automated extemal doors to improve access for disabled users
Stage area refurbi3hments inGluding backstage, dressing rooms, new production, and presentation
equipment
Stage lift8 to support disabled users and hydraulic lifts to support productions load-lnlout Ilft a¢ces¥
The Vale of Glamorgan Council and National Lottery funded MSU works will be completed by 31 March 2026 and will
subsequently Contribute to MAC'S future economic sustainability.
In September 2025, with successful Creative Wales funding MAC will install a new auditorium PA system to enhance
and support live prcgramming in both the auditorium and Glam perfomance stages.
MAC'S ongoing community consuStalion, mapping, and partnership working will build wider engagement, greater footfall
will produce wider evaluated feedback lo help involve, inform and Shape the development of our future proofing
redevelopment programme, along with initiatives that directly respond to our community led consultations. To fulty
support our community benefit and value MAC aims to build on our ￿cent community mapping and newly established
partnerships lo ensure communty vol￿8 lead our creative programming, guide our building development projects to
ensure MAC has the strongest opportunities to thrive in an ever-changing operating environrnenl.
MAC will continue lo develop new projects within the Arts Council of Wales funding scheme and other funding partners,
objectives that focus on enhancing our arts and participatory prcoramming. MAC'S programme development will focus
on developing divers8 Opportunities to work in partnership with freelance artists and organisations to enable MAC to
bring quality and diverse, community focused, meaningful activities for the cultural wellbeing and benefit of all.
MAC has developed flexible busine$8 models to shape its bu5ine55 planning and programming, and fundraising
slrategies aligned to new funding bids to increase capacity. participation, engagement, and growih. Alongside our arts
and creative fundraising objectives, MAC will continue lo priorltise an operational framework to increase opportunities
for new staff employment, volunteering, training and skill developmenl.

MEMORIAL HALL AND THEATRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
Revlew of transactlons and financial position
Total income for the year was £688,080 {2024 £504,096). Income from donations and grants amounted to £66,412
{2024 £55,782). Theat￿, hires, bar and investment income from rental of part of the propety lotalled £601,668 (2024
£448,314).
The Memo wntinued to pursue its objects and the charity's financial position is stable. The charivs strategies going
fomard are to secure capital investments to make improvements to the facilities that will build additional capacty to
increase its arts and cinema activty levels, increase hiring potential of our facilities, and develop improvernents to
increase the generation ol hospitality income to support our future sustainability.
The trustees review their annual budgets to identify areas where change or greater investment to facilitate long-tem
sustainability can be achieved and have established new fundraising Strategies to generate new funds and extend the
diversity of its funding partnerships to support sustainability and business d8velopm8nt.
The amount of total expenditure for the year was £740,351 12024 £685,837) including depreciation charge £43,041
{2024 £42,794) on fixed assets.
Total net expenditure and net rnovement In funds amounts to £72,271 12024 £161,541). This includes £23,802
r8Stricted deficit balance overall and an unrestricted loss of £48,469.
Efficiency savings have been identilled and implemented to create operatlonal effècliveness and sustainability across
all departments.
Summary of reseNes
At tha year-end unrestricted reserves were £3,053,010 12024 £3,101,479) and restricted reserves amounted to
£133,182 (2024 £156,984).
The unrestricted reserve is represented by the building value.
The level of free reserves available after removing the building value was a deficit of £75,592 (2024 £62,941).
Reserves pollcy
Trustees recognise the importance of maintaining reserves to enable ongoing investment in the charty and lo cover
any downturn in market conditions or unplanned emergency costs in the event of adverse unforeseen circumstances.
MAC has adopted a reserves policy to identify, plan and maintain five months trading expenditure, and reserves to
support the maintenance of essential services, and costs reflected in the risks of unplanned closure, spending
commitments and potenlial liabilities. The current free unrestricted reserves £3,053,010 (2024 £3,101,479) are held by
the trust to administrate future operation liabilities.

MEMORIAL HALL AND THEATRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
FINANCIAL REVIEW
Golng concern
MAC Board reviews the forecasted 2025-26 cashflow activities and well Considered income generation forecasts and
are mindful of the ongoing cost of living irnpacts, which inform and adapt its future planning decisions to determine
ongoing sustainability. MAC reviews its risk reglster and monitors its KPI outcomes to evaluate performance and
5UPPOrt the development of a range of revenue and capital bids lo support its operation and fLrture business
development objectives. In evaluating the going concern risks, MAC continues to review and closely monitor its
operation against the external context and potential impads to ensure strong planning and mitigalion slralegies are in
place to manage the financial rssk, by considering any ongoing unfavourable trading climates
Throughout 2024-25, MAC reviewed its programming strategies to increase and regularise diverse activity to support
our turnover amidst challenging times. This informed our fulure business planning lo develop programming
partnerships to significantly increase liv8 performances and secondary spend activity lev818. MAC'S creative 2024-25
programming outcomes are set against successful funding partners, objectives to support ongoing funding bids. MAC'S
successful capital fundraising in 2024-25 has secured nearly £1m in capital inveslments to deliver much needed venue
redevelopment works.
These investments will ¢ontrlbute to improved facilities and enhance our cornpelitiveness lo support exlsting and
generate new income streams, to achieve greater cost savings, and substantially reduced operational overheads
through maintenance expenditure and risks.
MAC'S fundraising aims to develop multi-applicalion approaches with existing and new funding partners with objectives
aligned to our business planning, to secure investment5 that will assist MAC to preserve current revenues, generate
greater operational resiliencè, and secure growih to support long-tem sustainability. MAC'S wider fvndraising strategy
priority focuses on attaining greater long-term revenue commitments to increase opportunities for people living in our
community to experience and engage in high quality arts activities.
In addition to the £896k secured capital grants for the MSU investments. by Working with our new wider fundraising
work, MAC has recently s8cured a fijrther £45k for capital future proofing investments. Looklng forward, in March 2025,
new administration team employment recmitments have secured enhanced new skills to support our ongolng
development plans, and work needed to achieve greater relationships wllh new potential lunding partners elongside our
existing partner funders.
MAC will prioritise making multiple ongoing funding and business bids to ensure diverse project work is supported by
funding partners with aligned objectives. The Board believe tts successful fundraising strategies and the MSU capital
funding venue enhancernents will contribute lo the diversification of MAC'S audience, facilitate increased fooffall and
subsequent income streams productivity. The increased programming capacty by splitting the live and cinema a¢twity
into distinct spaces will produce increased programming and hire income opportunities. Combined, the improved
venue and production standards will enable MAC to work with new promolors to present wider programming and
generate greater foottall, propagate repeat and secondary sales, supplemented by new catering and larger social
space interventions. The increased programming provides wider volunteer engagement opportunities. staff training and
new enhanced employment sustainability. The MSU venue inveslmenls add value and places MAC in a much stronger
position to promote the venue more widely, reduce its operalional overheads, create p¢x8ilive income generation
impacts, produce meaningful outcomes for funding partners, and attract new business investments. that coll8CtiV8ly
further MAC'S ongoing growth, resilience and suslainability-

MEMORIAL HALL AND THEATRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The Memo Arts Centre (Memorial Hall Theatre) was formed as a charitable trust in 1932, the Charity Commission
authorised the charty trustees a modernised goveming schern8 in 2006, 2007 and 2012. In January 2014 the Charity
Commission registered the Memorial Hall Theatre (Trading as Memo Art5 Centre) as a new Charitable Incorporated
Organisation (Registered CIO.. 1155291). The trust commenced trading under the CIO in May 2015 having taken over
the assets, liabilities, and activities of the predecessor charity. The charty operates from its head office in Gladstone
Road, Barry and has no subsidiary charities, no aclive subsidiary fundraising and operational companies and no
associate companies
RecruEtment and appolntment of new trustees
Board diversification recruitment remains essential to ensure that we have an effective, diverse. knowledgeable, and
committed team of Trustees with lived experience that reflects our Community and supports MAC'S long-term
development and sustainabilty. New truslees are provided with full inductions and infomiation packs that include a
copy of the goveming scheme, a copy of the charity's latest annual report and statement of accounts and documents
produced by the charity commission outlining the responsibilitles of being a trustee. The charity's board ordinary
meetings are held each quarter with sub-committee and working group rneeting. The board of trustee5 are unpaid.
Organlsatlonal structure
Th8 Venue's General Manager Is the charity's Chief executive officer, who is employed by and report8 to the Board. The
Board delegates the artistic, operational, and business decisions to the General Manager, who in turn dèlegates
responsibility to Senior staff to administrate its affaits. provide services and g8ner8te income.
Th8 General Manager and Finance Adminislrator provide regular financial and management reports to the board and
its sub committees. The Trustees set. manage, and review annual budgets, carry out risk assessments and appraisals,
against it¥ management reports. The staff management structure consists of four departments reporting to the General
Manager these departments are responsible for dellvering the needs of the operation of the Venue and assist in the
implementation of corporate policy, strategy, and marketing.
Inductlon and training of new trustees
New Irustees are provided with full inductions and infotrnation packs that include a copy of the governing scheme, a
copy of the ¢hariVs latest annual report and statement of accounts and d¢xumenls produced by the charity
commission outlining the responsibilities of being a trustee. The charity's board ordinary meetings are held each quarter
with sub<ommittee meetings in the months. The board of tiustees are unpaid.

MEMORIAL HALL AND THEATRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Rlsk management
The trustees monitor their risk register to consider the financial risks associated with the income and expenditure
streams and the balance sheet items and sets appropriate budgets to the resources reasonably expected to be
available. The budgets and longer-term business strategy allow lime and resources for the fundamental restructuring in
the event of a major downturn or loss of any significant ￿venue generation.
The Trustees proactively manage the risks asso¢ialed with loss of incorne and constantly rgview and consider risks and
where required implement a range of contingency plans that serve in the place of reserves.
Prlnclpal Rlsks and Challenges
We are committed to sustaining a confident and skilled organisatson and providing the best POS5ible creative
environment in which to develop our work at MAC, in our community and, increasingly, online. Our planning
a¢knowledges the importance of investing in high-quality artistic delivery. people, and infrastrudure to bring the best
work to the widest audienc&. We regular5y rnonitor risks to enable the successful delivery of our artistic programme and
use a range of self-assessment tools, external evaluation, and peer review to help us ensure our own high standards.
supporting excellence whilst ensuring the widest possible participation and engagement. The Board has reviewed and
assessed the risks to which we may be 8xp05ed.
A risk register identifies those rlsks and assigns specific actions and responsibilities for miligaling them. The risk
management process is ongoing and Ss regularly updated by the General Manager and Internal Finance Accountant
and reviewed by the Board.
The Board maintains a watchful eye on financial, reputational. and operational risks, efficiency, streamlining operations,
processes, and practices, to achieve the best and fairest use of our financial and human resources.
Tha busSness planning 8Ctivities are enabling the Senior Managemenl and Board to make infornied decisions while
understanding the risks and opportunities for the organisation and how this might affect MAC'S future plans.
The intemal systems are designed to meet the charity's particular needs and th8 risks to which we are exposed, to
manage those risks and to provide reascnable assurance that mitigation plans ere realistic and lik8ly to be effective
going foNard.
The Board oversees budgetsry controls, recommends steps to ensure financial viability of the org8nlsation, monitoring
the receipt of income for both revenue and capital expenditure.
REFERENCE AND ADMINISTRATIVE DETAILS
Reglstered Charity number
1155291
Prlnclpal address
7 Gladstone Road
Bany
Vale of Glamorgan
CF62 8NA
Trustses
Ms L Thomas (resigned 22.10.24)
Dr J Salisbury (resigned 16.1.251
Mr R W Thomas
Ms K Ghazi-Torbati
DrA C Tweed (resigned 20.11.241
Mrs G Brown lappoinled 24.4.24)

MEMORIAL HALLAND THEATRE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Audltors
Xeinadin Audit Lirnited
{Statutory Auditor}
Court House
Court Road
Bridgend
CF311BE
Senlor Management
CEO - General Manager - Ms K Long
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice).
Charity law requires th8 twstees to prepare financial statements for ea¢h financial year. Under that law, the truste8s
have elected to prepare the financial stalemenls in accordance wth United Kingdom G8nerally Accepted Accounting
Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must nol approve the financial statements unless they are satisfied that they give a true
and fair view of the stale of affairs of the charity and of the incoming resources and application of resources, including
the incorne and expenditure, of the charity for that period. In preparing thos& financial slaternenls, the trustees are
required to
select suitable accounting policles and then apply them consistently.
observe the Methods and principle$ in the Charities SORP;
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material departures disclosed and
explained in the financial ststemenls.,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will
continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any
time the financial prx8ition of the charity and to en8ble thgm to ensure that the financial statements comply with the
Charitie5 Act 2011 and The Charity {Accounls and Reports) Regulations 2008. They are also responsible for
safeguarding the assets of the char'ty and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
ed by order of the board of trustees on 8 December 2025 and signed on ils behalf by..
Mr R W Thomas - Trustee
-10-

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
MEMORIAL HALLAND THEATRE
Oplnlon
We have audited the financial statement¥ of Memorial Hall and Theatre (the 'charity') for the year ended 31 March 2025
which comprise the Statement of Financial Activities, the Statement of Financial Postlion, the Staternent of Cash Flows
and notes to the financial statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accountirsg Practice).
In our opinion the financial statem8nts'.
give a tNe and fair view of the state of the Charity's affairs as at 31 March 2025 and of its incoming resources and
application of resources, for the year then ended.
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basls for oplnlon
We ¢ondu¢ted our audil in accordance with Intemational Slandards on Auditing (UK) (ISAS (UK)) and applioable law.
Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the
finan¢ial statements section of our report. We are independent of the charity in accordance with the ethical
requiremenls that are relevant to our audit of the financial slalements in th8 UK, including the FRC'5 Ethical Standard,
and w8 have fulfilled our other ethical responsibilities in accordance with these requirements. We belleve that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our oplnlon.
Conclusions relating to golng eoneern
In auditing Ihe financial statements. we have concluded that the trustees, use of the going concern basis of arxounting
in the preparation of the financial slaternents is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, rnay cast significant doubt on the charity's ability to conlinue as a going concern for a
period of at least ￿e1ve months frorn when the financial statements are authorised for issue.
Our responsibilities and th• responsibilities of the trustees with resp•ct to going concem are described in the relevant
sections of this report.
Other Informatlon
The truslee5 are responsible for the Other infomation. The other Info￿atIOn comprises the information included in the
Annual Report, other than the financial statements and our Report of the Independent Auditors ther80n.
Our opinion on the financial statements does not cover the other infonnation and, except to the extent othe￿18e
explicitly Stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audrt of the financial statements, our responsibility is to read the other infomiation and, in doing
so, consider whelher the other information is materially inconsistent with the financial statements or our knowledge
obtained in the audit or Othe￿15e appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required to detemiine whether Ihis gives rise to a malerial misstatement in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other infonnalion, we are required to report that fact. We have nothing to report in this regard.
MatteT5 on which we are requlred to report by exceptlon
We have nothing to ￿pOrt in respect of the following matters where the Charities (Accounts and Reports) Regulations
2008 requires us to report to you if, in Our opinion..
the infomiation given in the Report of the Trustees is inconsistent in any material respect with the financial
statement5-, or
sufficient accounting records have not been kept., or
the financial statements are not in agreement with the accounting records and relums- or
we have not received all Ihe infomalion and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
MEMORIAL HALL AND THEATRE
Responsibilities of trustees
As explained rn0￿ fully in the Statement of Trustees, Responsibilities, the tnjstees are responsible for the preparation
of the financial statements which give a Irue and fair view, and for such intemal control as the Irustees determine is
necessary to enable the preparation of financial statements that are free from material misstatement, whether due to
fraud or error.
In preparing the finanaal statements, the trustees are responsible for assessing the charity's ability to continue as a
going ¢oncem, disclosing. as appli¢able, matters related lo going concern and using the going concem basis of
accounting unles5 the Iruslees either intend to liquidate the charty or to cease operations, or have no realistic
altemative but to do 50.
Our responslbllltles for the audit of the financlal statements
We have been appointed as auditors under Section 144 of the Charities Ad 2011 and report in accordance with the Act
and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial slaternents as a whole are free from
m8terial misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors thal include5
our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in
accordance with ISAS {UKI will 8￿y$ detect a material misstatement when it exists. Misstaternents can arise from
fraud or error and are considered matarial if, individually or in the aggregate, they could reasonably be expected to
influence Ihe economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The audit was planned on the basis that the testing undertaken and pr¢xedures carried out would have a reasonable
expectation of detecting any instances of irregularity including fraud. The plan involved assessing the risk of the
financial statements containing material misslalements taking into account various factors such as the control systems
in place, the standard of record keeping and an assessment of the intluence and role of the slakeholders involved. The
audit plan was followed and benefitted from the audit teams knowledge of the client. They considered how fraud may
¢x¢ur and where the financial slatements may be Susceptible to error.
Suitable transaction sample testing was made on the high risk areas of the financial statements. Enquiries were made
of the company directors for infotrnalion and explanations as required duTing the coutse of the audit and any
contentious areas appropriately challenged to ensure that sufficient audit evidence was obtained.
Th8 prccedures and testing undertaken as a result of our risk assessments were deerned sufficient to identify material
errors for which adjustmenl was then made in the financial statemenls. There 15 however no guarantee that all errors,
including those related lo fraud, would be identified as part of the audit.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at www.frc.org.uklauditcrsrespon$ibilrti8s. This description forms part of our Report of the Auditors.
A further description of our responsibilities for the audit of the financial statements Is located on th8 Financial Reporting
Council's webslte at www.frc.org.uklauditorsresponsibililies. This description fomis part of our Report of the
Independent Auditors.
-12-

REPORT OF THE INDEPENDE￿r AUDITORS TO THE TRUSTEES OF
MEMORIAL HALL AND THEATRE
Use of our report
This report is made solely to the charity's trustees, as a body. in accordance with Part 4 of the Charities {Accounts and
Reports) Regulations 2008. Our audtt work has been undertaken so that we might slate to the charity's trustees those
matters we are required to siae to them in an auditors, report and for no olher purpose. To the fullest extent pemitted
by law, we do not accept or assume responsibility to anyone other than the charity and the charity's Iruslees as a body,
for our audit work, for this report, or for the opinions we have fomied.
.LLL L.
Xeinadin Audit Limited
(Statutory Auditor)
Court House
Court Road
Bridgend
CF3118E
8 December 2025
-13-

MEMORIAL HALL AND THEATRE
STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31 MARCH 2025
2025
Total
funds
2024
Total
funds
UnrestTiCted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,059
64,353
66,412
55,782
Charltsble activities
Theatre and centre
Operation of bar & cafe
483,230
116,488
483.230
116,488
365,299
81,006
Investment income
1,950
1,950
2,009
Total
603,727
64.353
668,080
504,096
EXPENDITURE ON
Charitable activltles
Theatre and centre
Operation of bar & cafe
603,386
48,810
88,155
691,541
48,810
638,466
29,171
Totsl
652,196
88,155
740,351
665,637
NET INCOMEI(EXPENDITUREI
(48,469)
123,802)
172,271)
(161,541)
RECONCIUATION OF FUNDS
Total funds brought fo￿ard
3,101,479
156,984
3,258,463
3,420,004
TOTAL FUNDS CARRIED FORWARD
3,053,010
133,182
3,186,192
3,258,463
The notes fomi part of these financial statements
-14-

MEMORIAL HALL AND THEATRE
STATEMENT OF FINANCIAL POSITION
31 MARCH 2025
2025
Total
funds
2024
Total
funds
Unrestricted
fund
Restricted
funds
Notes
FIXED ASSETS
Tangible assets
3,137,766
3,137,766
3,174,279
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
12
13
7,401
54.779
98,082
7,401
54,779
231,264
4,682
122,991
245,278
133,182
160,262
133,182
293,444
372,951
CREDITORS
Amounts falling due within one year
14
(220.324)
(220,324)
(258.628)
NET CURRENT ASSETS
(60,062)
133,182
73,120
114,323
TOTAL ASSETS LESS CURRENT LIABIUTIES
3,077,704
133,182
3,210,886
3,288,602
CREDITORS
Amounls falling due after more than one year
15
(24,694)
(24,694)
{30,139)
NET ASSETS
3,053,010
133,182
3,186,192
3,258,463
FUNDS
Unreslricted funds
Restricted fund8
17
3,053,010
133,182
3,101,479
156,984
TOTAL FUNDS
3,186,192
3,258,463
The financial slalements were approved by the Board of Trustees and authorised for issue on 8 December 2025 and
were
gned on its behalf by..
Mr R WThomas- Trustee
The notes fomi part ofthese financial statements
-15-

MEMORIAL HALL AND ThEATRE
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operatlng actlvities
Cash generated from operations
Interest paid
Finance ¢osls paid
15,988
(1,547)
(27,312)
154,441)
11.055)
(9,607)
Net cash used in operating adivities
(12,871)
165,103)
Cash flows from investing actlvltles
Purchase of tangible fixed assets
16,528>
Net cash {u$ed inyprovided by investing activities
{6,528)
Cash flows from financlng actlvltles
Loan repayments in year
5,385
(5,249)
Net cash provlded byl(used in) financing activities
5,385
(5,249)
Change in cash and cash equlvalents in
the reportlng period
Cash and cash equivalents atlho
beginning of the reportlng perlod
(14.014)
(70,352)
245,278
315,630
Cash and cash equlvalents at the end of
the reportlng perfod
231,264
245,278
The notes fomi part of these financial stalements
-16-

MEMORIAL HALLAND THEATRE
NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
RECONCIUATION OF NET EXPÉNDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2025
2024
Net expenditure for the reportlng period las per the Ststement of
Flnanclal Actlvlties
Adjustments for:
DepreGiation charges
Interest paid
Finance costs
(Increase)Idecrease In stocks
Decreasellincrease) in debtors
IDeGrease)lincrease in creditors
(72,271)
(161.541)
43,041
1,547
27,312
(2,719)
68,212
(49,1341
42,794
1,055
9,607
304
(31,793)
85,133
Net cash provided byl{used in) operations
15,988
154,441)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.24
Cash flow
At 31.3.25
Net cash
Cash at bank and in hand
245,278
(14.014)
231,284
245,278
(14,014)
231,264
Debt
Debts falling due within 1 year
Debts falling due after 1 year
{5,316)
(30,139)
(60)
5,445
(5,3761
(24,694>
{35,455)
5,385
{30,070)
Total
209,823
18,629)
201,194
The notes forn part of these financial statemenls
-17-

MEMORIAL HALL AND THEATRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
Basis of preparlng the flnanclal statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance with the Charities SORP (FRS 102) Accounting and Reporting by Charities= Statement of
Recommended Practice applicable to charities preparing their acGounls in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Charities Act 2011. The financial stalements have been prepared urKler the historical cost
convention.
The charity is a public benefit enlty and a regislefed charity in England and Wales and is unincorporated. The
address of the principal office is 7 Gladstone Road, Barry, Vale of Glamorgan CF62 8NA.
The financial slatemenl8 are prepared In sterling, which is the functional currency of the entity.
Golng Concern
The activity delivered in the year ended 31 March 2024, together with our plans for future periods, as outlined in
the Trustees, report, gives the organisation confidencé for the future. In preparing the financial statements, the
Trustees have considered whether the going concem basis of preparation remains appropriate. To make this
assessment cash forecasts have been prepared through to January 2028, which is a peri￿ of at least 12
monlhs from Ihe dat& of approval of these financial statements. The Trustees therefore consider it appropriate
for the financial statements to be prepared on the going concern basis.
Crltlcal accountlng Judgements and key sources of estlmation uncertalnty
Thè preparation of the financial statement5 requires management to make judgements, estimates and
assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and
are based on experienee and other factors. including expectations of future events that are believed to be
reasonable under the Circumstan￿$.
Slgnificantjudgements
The judgements (apart from those involving estimations) that management has made in the process of applying
Ihe entity's accounting policies and that have the most significant effect on the amounts recognised in the
financial statements are as follows..
Support cost5 are allocaled based on the nature of the expendilure. In this and the prior year this only relates
to governance costs regarding the audit of the financial statements. All other expenditu￿ is judged to be direct
charitable.
Key sources of e5tlmatlon uncertainty
Accounting estimates and assumptions are rnade conceming the future and, by their nature. will rarely equal the
related adu81 outcome. The key assumptions and other sources of estimation un¢ertainty that have a significant
risk of causing a material adjustment lo the cafrying amounts of assets and liabilities within the next financial
year are as follows:
Depreclation Is based on the estirnaled useful lives and residual value of the fixed assets.
Income
All income is included in the statement of financial activities when the charity is entitled to the income, any
perfomiance related conditions attached have been met or are fully within the control of the chaity, the income
is considered probable and the arnount can be quantified with reasonable accuracy. The following specific
policies are applied to particular categories of income.
-1&
continued...

MEMORIAL HALL AND THEATRE
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES - continued
Income
Donations and legacy income 15 received by way of donations, legacies. grants and gifts and is included in full
in the Ststement of Financial Activities when receivable. Where legacies have been notified to the charity but
the cril8ria for recognition hav8 not been met, the legacy is treated as a contingent asset and discIos8d if
material. Grants, where entitlement is not conditional on the delivery of a specifi¢ perfornian￿ by the charity,
are re¢ognised when the charity beGomes unconditionally entitled to the grant.
Donated services and facilities are included at the value lo the charty, being the amount the charity would
hava been willing to pay to obtain services or facilities of equivalent economic benefit on the op8n market.
Investment income is included when r￿1vable.
Income from charitable trading actlmty 18 accounted for when earned.
Income from grants, where related lo perfomance and specific deliverab18s. are accounted for as the charty
eams the right to consideration by ils performance.
Expenditure
Expènditure is re¢ognlsed on an accruals basis as 8 liability is incurred. Expendilure Includes any VAT which
cannot be fully recovered, and is reported as part of the expenditure to which it relates.,
Costs of raising fvnd$ compris8 the costs associated Wbth attracting donations, granls and legacles and the
costs of trading for fundraisin9 purposes.
Charitabl6 expenditure comprises those costs incurred by the charity in th8 delivery of it8 activities and
services for its beneficiari8s. 11 includes both ccsts that can be allocated d1￿CtlY to such activities and those
costs of an indirect nature n￿eSSary to support them.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of lis
expenditure on charitable activities.
- All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use
of the resourc8. Costs relating to a particular activity are allocated directly, others are apportioned on an
appropriate basis, as set out in the notes to the accounts.
Tanglble fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.
Freehold property
Plant and machinery
Fixtures and fittings
20/4 on cost
150/0 on cost
150/0 on cost
Stocks
stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items.
Taxatlon
The charity is exempt from tax on its chaiitable activilies.
-19-
continued...

MEMORIAL HALL AND THEATRE
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR ThE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES- continued
Fund accountlng
Unrestricted funds are available for use at the dlscretion of the trustees in furtherance of the purposes of the
charity. Unrestricted funds include a revaluation reserve r8presenting the restatement of investment assets at
market values.
Designated funds are unreslricted funds earmarked by the trustees for specific purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
Penslon costs and other post-retlrement beneflts
The charity operates a defined contribution pension scheme. Contribulions payable to the charity's pension
scheme are charged to the Statement of Financial Activities in the period to which they relate.
Prepaid contributions are recognlsed as an assèt to tha extent that the prepayment will lead lo a reduction in
future payments or a cash refund.
Debtor5 and credltors receivablelpayable wlthln one yoar
Debtors and creditors with no stated interest rale and receivable or payable within one year are recorded at
transaction price. Any losses arising from impaimient are recognlsed in expenditure.
DONATIONS AND LEGACIES
2025
2024
Donations
Grants
2,059
64,353
3,089
52,693
66,412
55,782
Grants received, included in the above, are as follows..
2025
2024
Ffilm Cymru
Vale of Glamorgan Council- UK Levelling Up
Arts Council ofwales Create Fund
FilmHub Wales
Welsh Govemment Future Proofing Fund
10,972
11,528
40,169
40,166
6,000
7.215
996
64,353
52,693
-20-
continued...

MEMORIAL HALL AND THEATRE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
INVESTMENT INCOME
2025
2024
Investment income
1,950
2,009
INCOME FROM CHARITABLE ACTIVITIES
202S
2024
Activity
Income from theatre & centre Theatre and centre
Other income
Theatre and centre
Operation of bar & cafe
Operalion of bar & cafe
476.801
6,429
116,488
357.688
7,611
81,006
599,718
446,305
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 6)
D1￿cl
Costs
Totals
Theatre and centr8
Operation of bar & cafe
686,341
48,810
5,200
691,541
48,810
735,151
5,200
740,351
SUPPORT COSTS
Govemance
costs
Theatre and cenlre
5,200
AUDITORS, REMUNERATION
2025
2024
Fees payable to Ihe charity's auditors for the audit of the charity's financial
statements
5,200
7,920
-21-
continued...

MEMORIAL HALL AND THEATRE
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES, REMUNERATION AND BENEFITS
There were no truste•s' remuneration or other benefrts for the year ended 31 March 2025 nor for the year
ended 31 March 2024.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended
31 March 2024.
STAFF COSTS
2025
2024
Wages and salaries
Social security costs
Other pension costs
190,450
10,646
3,924
196.665
10,371
3,766
205,020
210,802
The average monthly number of employees during the year was as follows..
2025
2024
Management & Administration
Bar & other
10
No employees received ernoluments in excess of £60,000.
The average head count of employees during the yèar was 11 (2024 - 10) . The average number of full-time
equivalent employees during the year is analysed as follows..
2025
No.
2024
No.
Number of staff
No employee received employee beneffts of more than £60,000 during the year (2024 - nil).
Key Management Personnel
Key management personnel Include all persons that have authority and responsibilty for planning. directing and
controlling the activities of the charity. The tolal compensation paid lo key management personnel for services
provided to the charity was £57,025 (2024.. £58,184).
-22-
continued...

MEMORIAL HALL AND THEATRE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
unrestri￿ed
fund
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,089
52,693
55,782
Charltable actlvltles
Theatre and centre
Operation of bar & cafe
365.299
81,006
365,299
81,006
Investmènt income
2,009
2,009
Total
451,403
52,693
504,096
EXPENDITURE ON
Charitable actlvltles
Theatre 8nd centre
Operation of bar & cafe
620,537
29,171
15,929
636,466
29,171
Total
649,708
15,929
665,637
NET INCOMEIIEXPENDITURE)
1198,305)
36,764
(161,541 >
RECONCILIATION OF FUNDS
Total funds brought forward
3,299,784
120,220
3,420,004
TOTAL FUNDS CARRIED FORWARD
3,101,479
156,984
3,258,463
-23-
continued...

MEMORIAL HALL AND THEATRE
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31 MARCH 2025
11.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Freehold
property
Plant and
machinery
Totals
COST
At 1 April 2024
Additions
3,428,420
207,383
6,528
14,927
3.650.730
6,528
At 31 March 2025
3,428,420
213,911
14,927
3,657,258
DEPRECIATION
At 1 April 2024
Charge for year
264,000
38,818
202,765
2,651
9.686
1,572
476.451
43,041
At 31 March 2025
302,818
205,416
11,258
519,492
NET BOOK VALUE
At 31 March 2025
3,125,602
8,495
3,669
3,137.766
At 31 March 2024
3,164,420
4,618
5,241
3,174,279
In¢luded in cosl or valuation of land and buildings is freehold land of £1,487,500 (2024 £1,487,500) which is
nol depreclaled.
12.
STOCKS
2025
2024
Stocks
7,401
4,682
13.
DEBTORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2025
2024
Trade debtors
Other debtors
VAT
Prepaymenls
36,152
9,007
48.495
47,367
2,179
24,950
9,620
54,779
122,991
-24-
continued...

MEMORIAL HALL AND THEATRE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
14.
CREDITORS: AMouTrTfs FALLING DUE WITHIN ONE YEAR
2025
2024
Bank loans and overdrafts (see nole 16)
Trade creditors
Taxation and soGial security
other ¢reditors
5,376
73,539
28,466
112,943
5,316
111,396
15,559
126,357
220,324
258,628
15.
CREDITORS: AMOUNTS FALLING DUE AFfER MORE THAN ONE YEAR
2025
2024
Bank loans (see note 16}
24,694
30,139
16.
LOANS
An analysis of the maturty of Icans is given below..
2025
2024
Amounts falling duewithin one year on demand..
Bank loans
5,376
5,316
Amounls falling befyveen one and years..
Bank loans- 1-2 years
5,000
5,000
Amounts falling due be￿een and five years:
Bank loans - 2-5 years
15,000
15,000
Amounts falling due in more Ihan five years..
Repayable by instalments..
Bank loans more 5 yr by instal
4.694
10,139
-25-
continued..

MEMORIAL HALL AND THEATRE
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMENT IN FUNDS
Net
movèment
in funds
At
31.3.25
Al 1.4.24
Unrestricted funds
General fund
3,101,479
(48,469>
3,053,010
Restricted funds
Vale of Glamorgan Council
Bary Town Council
Barry T¢win Council
Ffilm Cyrnru
Film Hub Wales
Welsh Government Future Proofing Fund -
EPOS fills
26.853
51,650
65,957
11.528
996
(26,853)
(1,225)
11,387)
(556)
(996)
50.425
64,570
10,972
7,215
7,215
156,984
(23,802)
133,182
TOTAL FUNDS
3,258,463
{72,271)
3,186,192
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrfcted funds
General fund
603,727
{652.196}
(48,489)
Restricted funds
Arts Council of Waleg
Vale of Glamorgan Councll
Barry Town Council
Barry Town Council
Ffilm Cymru
Film Hub Wales
Welsh Government Future Proofing Fund -
EPOS Tills
40,166
{40,166)
{26,853)
(1,225)
(1,387)
(11,528)
(6,996)
126,853)
(1,225)
{1,387)
(556)
(996)
10,972
6,000
7,215
7,215
64,353
(88,155)
(23.802)
TOTAL FUNDS
668,080
(740,351)
172,271)
-26-
continued...

MEMORIAL HALL AND THEATRE
NOTES TO THE FINANCIAL STATEMENTS - Continued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMENT IN FUNDS- contlnued
Comparatives for movement in funds
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestrlcted funds
General fund
3,299,784
(198,305)
3,101,479
Restrlcted funds
Vale of Glamorgan Council
Barry Town Council
Barry Town Council
Ffilm Cymru
Film Hub Wales
26,853
(1,2251
(1,388}
11,528
996
26,853
51,650
65,957
11,528
996
52,875
67,345
120,220
36,764
156,984
TOTAL FUNDS
3,420.004
(161,5411
3,258,463
Comparative net movement in funds, included in th8 above are as follows.,
Incomlng
resources
Resources
8xpended
Movement
in fund5
Unrestricted funds
General fund
451,403
(649,7081
<198,305)
Restrlcted funds
Vale of Glamorgan Council
Barry Town Council
Barry Town Council
Ffilm Cymru
Film Hub Wales
40,169
(13,316)
(1,225)
(1.388}
26,853
(1.225)
(1.388)
11.528
996
11,528
998
52,693
(15,929)
36.764
TOTAL FUNDS
504,096
(665,637)
(1S1,541)
-27-
continued...

MEMORIAL HALL AND THEATRE
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMEKf IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
At
31.3.25
At 1.4.23
Unrestrfcted funds
General fund
3,299,784
(246,774)
3,053,010
Restricted funds
Barry Town Council
Barry Town Council
Ffilm Cymru
Welsh Government Future Proofing Fund -
EPOS Tills
52.875
67,345
12,450)
12,775)
10,972
50,425
64,570
10,972
7,215
7,215
120,220
12.962
133,182
TOTAL FUNDS
3,420,004
(233,812)
3,186,192
A current year 12 months and prior yaar 12 months combined net rnovement in funds, included in the above are
as follows..
Incoming
resources
Resources
expended
Movement
In funds
Unrestrlcted funds
General fund
1.056,130
{1,301,904)
(246,774)
Restrl¢tgd funds
Arts Council of Wales
Vale of Glamorgan Council
Bary Town Council
Bary Town Council
Ffilm Cymru
Film Hub Wales
Welsh Government Future Prcofing Fund -
EPOS Tills
40.166
40,169
(40,166)
140,169)
{2,450)
{2.775)
111,528}
(6,996)
{2,450)
{2,775)
10,972
22,500
6,996
7,215
7,215
117,046
(104,084)
12,962
TOTAL FUNDS
1,172.176
{1,405,988)
(233,812)
ed fund d
The Arts Council Wales grant was received towards the installation of the digital cinema equipment. The fund
balance is reduced annually by the depreciation charge on the equipment.
A capital grant was received from Barry Town Council towards roof repairs in 2016117, this balance will reduce
annually by the depreciation charge.
-28-
Continued...

MEMORIAL HALLAND THEATRE
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2025
17.
MOVEMENT IN FUNDS- cOn￿nUed
They also provided £97,000 as part of 8 3 year capit81 grant project to refurbish the toilets in th8 centre which
was was completed in the year and shall reduce annually by the depreciation charge.
Ffilrn Cymru provided a grant to fund the implementation of a programme of work aimed at widening access to
the cinema and reducing financial and inclusion barriers. This also includes new inclusive advertising
Campalgns aimed at existing audiences as well as mor8 neutralizers, family, older and underrepresented
people.
The Film Hub Wales grant was provided to support a programme of activity that Includes 8 screening of The
Lodger11927) accompanied by a Javanese Gamelan perfomance and a wrap-around activity with a specific
focus on younger audience5.
Welsh Govemment Future Proofing Fund represents a 750k grant towards the cost of the new EPOS tills
Further Infomiation regardin9 these projects can be seen in the Trustees Report.
18.
RELATED PARfi DISCLOSURES
There were no related paty Iransadions for the yéar ended 31 March 2025.
19.
GOING CONCERN
The activity delivered in the year ended 31 March 2025, together with our plans for future periods, as outlined in
the Trustees, report, gives the organisation confidence for the future. In preparing the financial 81alements, the
Trustees have considered whether the going concern basis of preparation remains appropriale. To make this
assessment cash forecasts have been prepared through to, December 2026 which is a period of at least 12
months from the date of approval of these financial statement5. The Trustees therefore corssider it appropriate
for the financlal statements to be Prepared on the going concem basis.
-29-