Charity Regi8tr•lion No. 1161430 Cryany Rogistration No. 1643977 (England and Wales) CRITERION THEATRE LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
CRITERION THEATRE LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustee• J Elves A Greene K B Sowerby C Firth S8cr•tary S Sharpe Charlty number 1161430 Company numb 1643977 RegIster office Berkeley Road ScMJth Earlsdon West MdlarKIs United CV5 6EF Independent euminer John PILmb
CRITERION THEATRE LIMrrED CONTEKrs Trustees, report In(bp6nd¢nt examin9Is report Stalemenl of financial acbwties 10 Balanc& sh88t 11 Notes to the linaniial stat8m8nts 12-19
CRITERION THEATRE LIMrrED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023 R•port of the Tru8tee8 Inlroduction Thg Trusiees who are also directo of the charity foi the purposes of the Ccfflparries Act 2C6, are pleased to pre88nt their report with the financial statements ol the chaiity for Ihe year ended 31 December 2023. The trustees have adopted the provisions ol Accounting and R8wrling by Charrties.. Statement of Recommended Practice applicable to charities preparing their acwunts in accordance with the Financi Reporting StarKlard for sm18[ Entities {th8 FRSSEI (effective 1 January 2015>. The linanc4al statement8 cx)mpty wlth th8 Chaiilies Act 1993. th8 Memrandum and A88 cl ASlatiOn and the Statement of Recommended PraCthce.AcCn1ln9 and ReportiNJ by chTtieS ISORP 20051. R•f•r•nce and Administrative Detail• Regisler8d Charity Name: Critorion Thgatro Linited Regist8r8d Charity Nnber. 1161430 Regislered Company Number." 01643977 Address ol pr1raPa1 office: Crileiion Th8atre. Berketey Road Swth. Coventy. CVS 6EF Dire¢tors •nd Truslees The nam9$ of Twstoes who havg duriThJ the rep pèriod are as Idlows: Jonathon Elves Anne.Marig Green8 Simon Sha? Barbara SOW Chris ftrth Company Secretary S Sharpe Independ•nt •xaminw John Plumb. Ac¢wntant Approv1 by order of the board of truslees ..... .. . ......... ........ ............. and signed on its behalf by.. J Elves Trust08
CRITERION THEATRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Chalr's report The Crittirion Theatré is Thè Little Thèatre with Ambthons,. We own our thaatro blding and have baen producing Ihealrical enlertainrngnl of ts hIg$t qualty for over sixty y8ars. We are totally T8liant on vdunte8rs for all our activilies both ¢)n arKI off stsge. (>Jr vi&on is to be the non.val theatre company in the West Midland8, prcrflucing exemplary theatrical exPerie8S arKI dgveloping theatre artists. th fulfilling our Gharitablg rt4gCtives of promoting Ihgatr8 and Ihe dramatic arts in Coventy. Wamckshire. the West MidkwKIs. Wa havg finally bogan to recover from the ollects of the Covid-19 pandtrm and in 2023 wè hava produced six main h$8 produclions and one sludio production to strong audience numbors. We have kept the Compary and wider membership communty connected Mth regular *y readings arKI sociaf events. Our thldren's drama dasses have gone from strength to strength with very h6allhy rMnbeTS. Wa have made s(Kne measurable prcoress on our ambllious Equality, Diversity, and Indusion Actron PEan and our R8d8velopm8nt Plan. We have ended the ygw in a solid finaal ald by ts a grOUS bgqugalh Irom ong ol thg IowKling members of the th8alre and look fOard oplimisticalty to th8 fUre. Jon Efvos. Chwr
CRrrERION THEATRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEA18ER 2023 Our Obj•cliv•s The charitabl& objectives 01 Th8 C[iteri Theatre Limited are: To educate pl1¢ in the dramatic and cperatic arts 2. To lurther the devebpnent of appreciation and taste in tho said arts. We achieve Ihese objectives throuth th8 fL410[j mea An annual programme of in.hous0 pJL1onS.' Prothbons a olty presented to the public. This is se18Ct8d carefullylo piesent a wde variety of dramatic genres and the use ol WO by both daSS playwrights and the mosl up to dale writers. This ensures the widest pule. adLaVe. and develop¥n9ntal wtfjnti ol tho programme. This varied programme also offers adava opportuntlies to the cast and Crew in developing their on- aThJ off-stag8 skills and compgtoncies. bl Volunteeiing Oppor11es. The Theatre runs solely on Ihe ba&s ol vthljnleer actNity. There are opportunill8s for the wblic to be invc4ved. byioiniThJ as mgmb8rs. in all aspgcts ofThgatr8 activity. This invdves the re activty ol productions (cast and crew). imrt also supportfuncti(x)s le.g.. rnIng the bar. iX offe. front ol hre. health and sal8ty. cl8aNng. evonts tgam elc.). This has educative value in FwrAe to be invc4ved in how a theatre woths. increasing appreciation for dramatic arts. Children's drama classes fr(Mn schod years 3 to 11 {aged 7 to 16).. OTh to the PLtblic. Workshops teaching a rangg of drama skrlls. A showcase ol their leamir¥J ovèr the year is present8d towards the end of the summei lemi. There a opportunities lor drama class stUdts to partiopata in relevant in-hou$g produclions. Core educative vajue lor childran in educating them about drama. plays. actirKJ and develcwiro aFpreoatiM for dramabc arts into thr lives. dl Training opportunities in Ihg dramati¢ arts". Th9 Theatre h)sts regulai New Memb8r8 Nights when the publ can come along and find out atM)ut vthat acbwbes the Theatre is er¥Jag8d in. In(*vidua15 ar8 encourag8d to bocome members ol Ihe Theatre lo W invdved in all on stsge and off-stsge a$pts of prodtIon regardless of levels ol previous experience. Relevanl in-house trniThJ is offered. Involv8m8nt in the local Coventy rjynmuntty: This iludeS providing a fr88 01 tharg8 on8voff mogting venue for local grps. The Theatre is also invofved in the annual Earfsdon commuryty festival. QnectionS wth Ihe Coventry Resource CenlTe for th8 Blind have tn established. This facilitates thg Theatre's commuTrty invofv8m6nt and expands tho publio reach ol the dramatie ac111[8$ undertaken by the Theatre. Ihus contributing to rts charitable objactives. A venue foi extemal thèatre companies aTrJ other atistic events le.g.. travdling theatre o)mpanies, indepèndent lilm•rnakers. musvans. dance troupes).. This wwdes edwative value in oxpanthThJ ihe exposure of th9 publi¢ to a variety of dramatic and arfislic endeAVrn. gl The wnning ol a licensed bar. OFW everMngs a week and during all prtxluctions and evénts. Thi$ trading activity is dgem8(I lo b8 secondary and onty in fUrtheW of tharitabl8 oEi8ctsv8s. In shapirKJ our objectives lor thg yaar and planning our adivities. Ihe Trustees have considered the Charity Commission's guide PLtbli¢ benefit. induding the guidance tx) fee cl)arging. The chaiity r81ies on tket and r9freshmgnt sales and membership subscriw'ons to cover its operating costs. In settirwJ the level of charges and concessions. the Tnjstees give careful ConderatIon to thg asSibIlity 01 thg events it programmes for th08e on low incomes.
CRITERION THEATRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Our Achl•v•m•nts and P•rfornwnc• Our Season of Production¥ W8 8ngage in adv8nlurous and chlengIng prcJrammiThJ. seknlirg ptays across the variety ol genres. which stretch actors and technic81 teams. are ielevant lo contemp)rary $lty, and enjoyat4e to awJrtts. The artist team endeavours io have the most up to dale information about new rgleases. and we arg often the first thealre in ts region to gain amateur rights lo shows. This means that we providè crriderable artislic and ed&ve value to tyJr audiences. the pu1C. Without the Crtl8rion Th8atr8, the public would not have had access to Ihes8 dramatic pieces of worf(. Behve8n January 1° and Decernr 31° 2023. we presented six main house and one sttJio prodUctiors. It was an gxtremely successful year a lull programme to capacity audiknium. Tr prograffthe irtlud8d a new drama 'Aftedrfe' which made innovatlvg Usg ol mLAtirym9dia and intgra¢tivg fdm and woieclion and wg also sla9gd our first ILdl scJ8 musical lor over a d8cade-Sondh8im's 'Sweenéy Todd rAaying to sell out h(eS and 1Cal acdwm. In 'Beryl', four actors on fixed vintage bicycles wowed us wilh their ThIlIple characterionS and physKal prowess. lellirvJ the story ol one ol the UK'S greatest sportswomen %thilg The Welkin. invcdved a large cast in a EWerfUl Foriod Fi8Ce of now drama. We endgd Ihg year wilh Ihe classic Come larce Arsenic and Old Lace whith r4ayJ to a sell-out allenCe. We staoed one studio play to a smaller caparyty audience- 'The Co of You.. a piece of brarKI-new ptesenting an inventive modem love story. 21Y23 also saw our inaugural Springk)ard Feslival which was an eight-day-long celebration ol performing arts. bringiThJ together professionals and amateurs. In.house company plays aNI ¢onmunity ¢dIaratiS ran alongside extemal attists, musicians and theatre companies.. po81ry w0shopS and art oxhibrfions. Thor8 wer8 30 perloffliances involviTrJ ovor 80 performers. with the breadih of subject matter Infor¢in9 our overnll mission aThThJ ¢fveThty and inc4usion. We Flan to make it an annual avent. SpR.NGBOARD FESTIVAL St THE WEIKIN LACE January 2023 saw the construthion ofan accessible knlet- 8$e one in 0urTedevebertVbUih1lny plan, naw projectors have been purchasod. and a plan lor Convers1 to LED lighting has been developed. Monitoring against EDI mission continues. evhd8nced in programming choices arKI increased diVorty ol casls {26% of octors from global majority backgrounds compared to 16% last year}. Over1 fiwr6s avèrag&J 80% across the corg productions in 2023 {nol In¢ing the Festiv1, wthich is ba(* to pre-pandemic le¥ds.
CRITERION THEATRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Our Eduealional Activiti•8 As part ol thjfilling our tharitatA8 objectives to gdu¢ale pro7)ote appre(yati ot the drnmatlc arts, we engage in a programme of educalional al¥lties. ama Clos¥88 Part of our vision involves irtspiring the n generation of actOf5 and th8atro audiences. and Ihe Criterion Theatre provides a valuablg ed[atr in the dramatTrc arts. and appwlatiC ot Itatre for young people wthin the local area. Overthe reportiNJ pewiod our drama dasses have gonefrcth Strength to strength th large numbers attending. These classas teach a rang8 of thoatrical skils to thldr8n aTrJ Pe8. are open to the public. They involve vdunteer lutor8 drawn from Iha acting Company, and vthile there are Ilw)se Ihal regularfy lead the dasses, Lrtors are al80 diaym on to deliver speciJisI sessions suth as on mime. stage fighling aThJ voice ctiacknJ. Wa run two diama dasses SabJrday momirwjs in ieffli times. ¥lit by schocA yaar aga (Class 1: Year 4 to 6.. and Class 2: Year 7-111. Parents, caws, and family are inviled to come and she in the drama dass leaming al various opportunilios 1hrgh ihe year. Play Reading8 Every woduction in Ihg season tHS an inits reairvJ belore the aLKlilion and castirwJ process starts which is open to the public. This is an opw)rtunity tof PWF48 to hear a aY read 01, partsopate in taking parts and gain a great8r understanding ofa particular play. This prowdes educaiive valueand the appredati¢)n ofdramatic arts to the public. It also hglps to enwrage peoFAe to rne al¢yu and get more involved in woJuctiQ. other on slage by auditioning or in the Multit18 of backstage arKI other support roles. In a(klition. the play reading group has organised regthar online rAay rgadings which have ntributed to keeimng the Company come¢ted and gngaggd in aibstic acbwlies and arg usefvl activib&s guidirwj forthcomirrfj seasons. We are passlonale 8b(xrtCovm arKI OuraCe inthe commurity. Wtilew8 are limited byoui kny produclion schedule and thè spac8 restrictions ol our bubldiThJ. we do our besl to accommoda18 and SUFP)rt aitislic and dramatic acbvilies taking place in the local COMMlty When possiL48. We provide a free of chaige, re8cMJrced spa¢x for *ithin the hxal commurity lo woduce and promote w0S of cultural valuè such as local dance troupos a1 th8 WarMck Fdk Festival. In tha lead up to the Springboard Festival thare has bagri a regulai poetry. new llIng group me8tiNJ once a month. We have also provided a venue fow a community bereavement group connected to Ur•vergty Ho$tal. Earfsdon SdM)oI PTA aThY the nats.onal LFtUe Theatre Guikl committee meeting. In addition. we provide a resourced venue for nalional arxl intemational th8atre companies and 0lh9r artistic organisations to perfom) l•.g., travelmng thaatrg Companies. indgpendent ftm-makers. mugoan8, darKe troupes). This year has seen us host a communlty VeOn of Tr Vagina NlonLlogues', a lcd groLV produc4r¥J 'City of Buming spi$. A Flock Opera.. and th8 Uriversty ol WapHi¢k Bu Band.
CRITERION THEATRE LIMrrED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Equality Diversity and Inclu8ion Th8 Critsrion Theatre is committed to a core asFiration lo b8 a demonthble ace of opportunlty for all diverse and brilliant plays on stage and indusive company and memb8Tship. The EDI W01n9 Group provides dir8Ction. support and guidance to ts Board and all volunteefs, on EDI Is$ and we have set ab)th imeMenting and reporting on our annual EDI Action Plan. Every play anncwJrbc•J has an EDI Assessm8nt on our websit8. irKlicatiThJ covgrage ol diversity issues and any speLilic castlng requffements Iga)derlgeNJer Tdentity. racelethnwity, di8atMlity, age. Sexu 0ri8ntationl that might be diff8rent to Jr usual polw of neutral arKI OF castiThJ. The thic8 of F4ays is now ajso partty guided by diversity criteria, wilh softtargets to ensure that Ihern is iepresentatNM (4 diverse storfes. female playwibjhts aTra that at lea51 one play in every season by a PlaY[gh1 ol African aThJ Caribbgan: Agan. Soulh Asan, East AsÉan: or South-East Asian heritage. Wè ar6 tracking dNersty thin castirKJ are pleased to report some rwogression. Wilh regard to ethnicity. Ythi in 2017 w8 had no global majority actor within wr casts. we were very pleased to report ttwt in Ihe 2023 prtyJramme, 26% of our aclors were from a global majority bacgrOund. We aro workiThJ on an acceblty an and ensuring Ihat disabled visitors have the best gxperignce posgble. Our Volunt••rs We rely lolally on a volun18er worktorce and have no paid employees. Thwe are opp)rtunthes forthe pthlic lo be involved in all aspects of theatre aclivty Ihrough volurrteer rdes (all volurrteers musl also be memb8rs of the Theatre). Thls t)ntributeS to the promotion of appreciati(x) of dramatic arts to the w1¢. offwing considerable OprtUnitIeS for important altwistiG. artistic, dramat and 's8rious18isure' activibfts. to people's well-being. To encourage membership and volunteering, it is talty important that we provide a cre8tNe. social. inspirational. and supportivg space Iof anyone who comes in our dwr. arnl we are open to people of all ages, exp8rienc8, background and walks of life. We pride ourselves on strthYJ se ot communty arKI famity. W8 hop8 through our volunt88ring aclivitigs that we can demonstrate that ttwtre matters. arnl that Iheatre is fun to be invow in. We ar8 so lur to have a strg and loyd group of oThmitl8d vol180rS are prepared to pul in considerable and significant lime effortftYtheTheatre. Ak)ngside the 151>21M) Company members who are directty invofved in proJuction6. there are also around members. many of PfoNrydo a varw of support rdes in tho Tratre li.e.. Box Oltice, Coffee Bar, Front of Hou8el. Publ1¢ Benefft The charity has had due regard to guidance wblished ty the Chwity CommissM)n on publ benefit and consider the charity complies with the requirements. Flnan¢lal po•ltlon At the end of tha reportiThJ pericJ. the chanty had accumulatod cash r8seN8s of £172,013. This puts the charity in a strong nandal p0Son against its committed The level of unres1cted funds is Mntained at a mirimum of 3-6 months opèrational o)sts.
CRITERION THEATRE LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Prlclng Policy The charity relies on lickd and refreshment sales and membership subscrbplions to cover its yratiThJ costs. Th8 Truste8S consider the highe charge for mwnbership subscriOion aThJ for ticket prices to be affordable and a 'l¢)w fee.. Coneessions are available loi those aged under 18 years of a. Tl¥s opini(m is bawj C an assessment of the highest lee charged propoitonate lo UK average eamings. The licket prices ot Ihe Critwion Theatre Limited are comparable other non- professional Ihealres in ts region. Membership Subscriptio are very h)w aThJ have not inwsgd for over 5 years (Company £20.. Club £10, Youth £51. The ration@ for charging a membersh'p subscriplion has b8en carefulty consider8d by the Trustees. B8ing involved in the areas ol production requires a18vel of commilment to the Theatre that is cemented by membership and the sm811 ffinancial cost of membersFHp. In athjition, the Theatre must invest ID those members who volunteer for productions in terms of training and insurance. M8mbgrs g&n Ihe b8fft of discounted lickats whith ar8 a way of gen8Tating ropeal visits and increased nnNlmenl lo the Tatre. and are of Inan(aal hdp to Ihose people vtho le to see mulliple wl10n8. Ticket Prices are £10 lor m8mb8rs arKI £12.50 for rw)n•membeTS. b8iThJ tth¥ th8 av8rage price at sister amat8ur thoalrgs in Ihe area. FcAlowng a review of costs and inflaticxiary iises, we have increased the bar pricas in line with inftation. StrUCles Goveman¢e and Managemnl The Crileiion Theatre Limited Coltte$ a limite(I company. limited by guaranlee. as define(I by thg Companies act 2006. It 1$ contrc4led by its govgmirKJ dumert thg memoiaTrJum and artidos usng an aFf•roved govemiThJ document Undetten by the National Op8ralic and Dramatic Asscoation INODA). It is regbstered as a charity wtth th8 Charity Commission. Organisati¢)n Appointmont ol Tru8toe8 This is based on the voting of m8mbws las defin8d in dausa 10} at a lY consliluted general meeting. Under clause 33, the charity may by or(finary resolution.. 11) apprynl a person who is wlling to acl lo bg a tnJstsdthre¢tor. and 2) deiemiine the roiation in 7htii¢h any additi¢ywl trusteeldire¢tors are to retir8. Th6 resignation of trnsteesld"rects in rotation is dotermin8d by dausa 31 and 32. Th8 minimum nIml of trustees is 3 and is Curr not sutr48Ct to any Maxim1. Tralning and Inducti¢yn of Tru8tee To stand for apnIMenI. trustees must meet the requirements of the Charity Commtssion. Induction will be condvcled by present trustees. under the stswardship of Ihe s9etary. Voling rights within the charity All Company members ol the tharity. v4lb)se membership b$Cptitift is to date are eligible to vote at a dLdy cijnstitut8d gora1 meeting.
CRITERION THEATRE LIMrrED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2ff23 Related Partieb I r91atsd int9rgsts of TrLtslegs rggardiThJ transactions and arraThJements have been declared at the duly constituted Board meetings and PT(Kee(thngs dertaken in acdan Clause 8 and 9 01 Ihe gOVwrng thxument. Risk MaMg•m•nt The ITUStees have a duty to kntify and leW the risks to wfvch the tharity is exFwd and lo ensurg appropriale controls are in place to provide leasble assurance against fraLKI and error. Plans lor the Fu1¢ The Trustees are reSkY)sie for establishing Ihe Strategic Business Plan lookirKJ fonvard over the next Ir¥8-yoar p8ri0d. We are a successful Theatrg. With a Ihviving company aThJ much oPPg01 in Ihg wider Lxmmunity. HOW91. our core actie$ ar6 s réstsicted ty the capatity arKI stste of our thealTo buildg. Our plan over th8 last five years has involved COmete replacement of our lighting rig. which was finished in 2020. Our theatre building is still in ne8d ol reluTbishment. Major ongoing defiL¥enaes indude backstage areas and building structures to tho rear whth ale in a FW)or stslo ol repair. and la(* ol eifeclive and con&slenl h8alin9 for winter and Mfort-&)0lIng for Summer. In Order to lulh'l our ambitions of m&ntaining our current performance standards plus significan11y gxpanding and developing our acliwties. our plan of wort for the short- and long-tem futu is to gage in fundraising in order to generate ahemative swrces of ino)m8. which can be us8d lo: Refuthsh and red810P the $lIng Likng infrastru. Complete intemd dera110n and ielurt#shment Improvg healing and coding fvnc11cfflty. Redevelop the backstage aroas. Develop new construction al the r of the theatre vknere there is existing unVelOped land. To progress these an$. wè havè $6t up a FurKlraising Committee. arKI w9 hav9 a Dgvglopm9nt Committ99. Igd by the Chair. The trustees. rewrt was approved by the Board of Trustees. Trustee
CRITERION THEATRE LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CRITERION TEHATRE UMITES I report to the trustees my examinalion of finaThial slatements of Ciiteri¢M Theatre knmited (the arity) for the year ended 31 December 2W. Re8pon•ibililies and ba818 of report As the tnjstees ol the char7ty land also its threctors for the WTPOS8S of company law) you are responsible lor the preparation of the financial statements in accordance %%ith the r4uirements of the Companies Act 2006 Ilhe 2(XJ6 Act). Having sa11sfd mysdf that the finanoal slatsments of ts charity are not required to be aJitod under Part 16 of the 2CX)6 Act and are eligble for independent examinat, I reFK*rt in respect ol my examination ol the charity's linanaal statomenls catried out under section 145 ol th8 Chwities Act 2011 (the 2011 Act). In carrying oul my examination I have IcAlowed an the apKAi¢able Chrecticrt given by the Charrty Commis&on ur+der section 145(5)Ib) of the 2011 Act. Independenl ox•minee8 8tatempnt I have completed my examination. I confirm Ihat rKS matl¢rs hav8 como lo my atlonlion in conneclv)n the examination giving me cause to bdieve that in ary material respectr. accounting records were not kepl in TesFeCt of the (l)arity as required by seclicm 386 of the 2C#)6 Act. or the ffinanc# statements do Th)t accofd wilh those reco. or the linantial statements do not CoMpY with Ihe a(xountirvJ re4uiiements of section 396 of the 2006 Act other than any requirement that Ihe accounts sive a tru8 aThJ lair Ni8W wtich is not a matter considered as part ol an indep8nd8nt examination.. or Ihe finanal slatsments have not b88n prgpared in accordance with Ihg methods and principles of Ihe Statement ol Recommended Pracb"ce lor accounting and reporting by charilie5 applicat4e to charities preparing their accounts in accordance with the Financial Reportirtg Standard applicable in th8 UK and Republic of Ireland IFRS 102). I have no concems aThJ have come across NJ other matters in c%neCtiOn with the &xamination lo which altsnti should be dravm in this report in order to gnable a proper urKlgrstan(lirvJ of thefinwxial statements lo be Teached. Plumb Ac¢ountant 2 Mews Cottages Cloistgi Crofts Leamington Spa CV32 6QQ United King(k ILIQ(
CRITERION THEATRE UMITED STATEmEr OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 2022 Nole8 Income From: Donations and legacies Charitable activities 4,546 8.523 Production and performan Membership fees (Xh8r income 54,189 5,862 34.001 5.423 42.296 28.486 Int&t re¢eNable 882 150 Total Income from bu8lne88 107.775 76,583 Lega¢y If)me 64,4( Total Income 171181 76,583 nditure on: ProductK)n and perlomHn¢o Olh•r charitable 31,007 67,165 12,552 50.374 Net {exp¢nditureYin¢ome lor the ywl Net movement In funds 74,009 13,657 Fund balances at 1 January 2023 349,222 335,565 Fund balances •131 December 2023 423,231 349222 The statement of financ4al actvtlies includes 1 gains and los recognised in the year. All income and expendilure derive from continuing acbvibes. The slalemenl of finanaal acteS also g)mplb8s reqLurem8nts for an income aThJ expenthluro account under the Companies Act 2CrfJ6. 10-
CRITERION THEATRE LIMrrED BALANCE SHEET AS AT31 DECEMBER 2023 2022 Fixod Assots Tangiblè A$ts Current A880ts 2SO.243 248,177 Stocks 2.730 Debtors Cash at bth( and in haTrJ 172.013 1C#),7S7 11Y2.8 174.743 Credllor8: amounts lalllng due withln one year {1.756) 11,756) Net current assets 172.987 101.044 Total asset8 l•s8 eurrrnl Ilablllll•8 423,230 349,221 Income lunds unles1ted funds 423.230 349,221 349,221 423.230 The company Is emilled to the exen1pti from th8 at¥Jit reqreMent contsined in SeCtiC 477 of the Compani88 Act 2006. for the year ended 31 Decemter 2023. The directors acknowledge ttHr responsbrfiknes for COmF4j with th8 rewlremts of the Companies Act 2006 wlth re$pgct lo a¢wunting rerdS and lh9 prgparation of finanual statements. The m9mbors have not required the compary to obtain an a[1 of its ffinwKial stalements for the ygar in question in accoidance with secliM 476. These ffinanaal staternents have been wepared in accord with the wowsions apph'cable to companies subject lo the Sm1 companies regime. The finanthal statements were approved by thè Twsiees on .... J Elves Tru¥tsè Con¥>any Reg18tratlon No. 1643977 11
CRITERION THEATRE LIMITED NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Charlty Information Criterion Theatre Limtled is a pvivate Ctthpany lim[d ty guarantee irtorpxat&J in EThJland and Wales. The registe1 off8 is Befkelw Road sJth. Eadsdon, Coventy, West Midlands. CV5 6EF, Uniled Kingd¢)m. 1.1 Acc11n9 convenllon The accounts have b88n wepared in accordance vrith the charivs goveming drtument, the Companies Act2006 aThJ "Accounting arKI Reporting by Charities.. Ststement ol Recommended Practice applicatrAe to charities preparing their accounts in accordarKe th the Finanoyal Reiting sts[ard applicatAe in the UK and Republic of Iroland IFRS 102}" las amended for anIing perirth conwn8rKing fr(Mn 1 January 2016). The charity is a pu1¢ Ben8fii Entity as d8lirwd by FRS 1Wd. Charity has takgn athiantage ol ts pwsions in Ihe SORP fcrf charities applyw FRS 102 Update 8ulletin 1 not to prepare a Statement ol Cash Flows. The financial slalemenls are prepared in sterling,vthich is the lunctifmal currency ol the charrty. Monetary amounts in Ihase ffinanci statemants are rounded to the nearesl £. The financial statements have been prepared under the histoiical cost convention. modified to includa the revaluation of freehold properties and to indude investr)wl prop&e5 aThJ certain tinancaal instruments al fair value. The prmpal accounting policies adopted are set cxrt below. 1.2 Going ¢onwn At Ihe time of approng the acccMJnts. the trustees have a 8$Ortable exrectation that the charity has adequate resources to continue in operational exislence for the for8seeatAe future. Thus the trustees conllnue to adopt the going concern basis of accountin9 in prepariThJ the accounts. 1.3 Charitable lund unrestn.cted lunds are available foruse thed1$crItift of the trus in lurtheranee oftheireharilable obje¢tNes unless the funds have been dgnated lor oth8r wryN)88s. Restrictwj lunds are Sthiect to spaofic coThSti(ffis ty dornts as lo how they may be used. The wrposes and usgs of the restricted lunds ar8 sot out in the notes to Ihe finla1 statements. EndOWnI fuThts e subject to speryffic (x)rKttlions ty d(wrs that the Capit musl b8 maintained by the charity. 1.4 Incoming re80urce& Incomè is Tecognised when the drity is legally entiled to it after any performance conditions have been met. Ihe amounts can be measured Idiy, and it is probabl8 that income will be receivthj. 12-
CRrrERION THEATRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (coKnNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting polici (Conllnued) Cash donations are ognIsed M receipt. Other donations ar8 recognised once the charity has been notified ol th8 donation. unless performarKe ¢(dItic$ rgquirg dg19rral ol thg amount. In¢omg lax recoverabl8 in relation lo donatiS received under Gift Aid oi deeds ol covenant 1$ recognised al the time of ih8 donation. Legacies are recogntsed on r8C8iPt or 01¥1 rf Ihg dwrity has been notified of an imnthng distribulion, the amount is known and receipt is expected. If the amounl is rt krN)wn, the legacy is treated as a contiThJant asset. 1 R•soure•s •xp•nded abilities are recogrused as expenditure as swi as Ihere is a legal or constnKbve otrAigalion committtng the charity io thai expendIre. It Is probaNe thai a transfer of eCl0m1¢ benefits wll be required in Sèttlement and the arnount ot the obligathon can be measured reliakAy. Expendrlure is accounted lor on an accruajs basis and has been clasgligd under headirvjs that aggregate all cost rglalgd to Category. whe costs cannot be directly attributed to particular headirvJs they have been auocated to aclivilies on a ba$ conssstenl with the use ol TesouTce$. 1.6 Tanglble lixed aa8ets Tangible lixed assets are iThbally measured at cost and subsequenty measured at cost or valualicffi. of depieclation and any Impaimient losses. Depre¢iation is recogTrsed so as to V4rite off the cost or valuation of assets les5 their residu valu85 over th8ir useful lives on the Icllowing bases.. Land and tHJildings Compul8r equipmenl Fixtures. littings & equipmenl 2% on cost 33% cost 15%Mcost The gain or loss arising on 1he disposal of an asset is d8tenmined as the drflerence belween the sale Proceeds and the carrying vdue ol the asset. arKI is reccJnised in net irOme/10xpendltUr8I lor tha y&ar. 1.7 Impairnient of fixed assets At each reporting end date. the charity rovigws Ihe carryng arUnts ol its bngitle assets lo determine wher thgre is any indicati1 Ihat those assets have suffered an impaim)enl loss.11 any such indication exists. the recoverable amcMJnt ol the asset is esth"maied in order to determine Ihe extent of the impairment 10s5 [11 any). 1.8 Stocks Stocks are stated at the l¢Jwer of ¢¢)St and estimated sdling price less costs to ccrfnFl8te and soll. Cost comprises direct materials and. vthere apKAicatAe, direct laiKUf Costs and those overheads that have been Incurred in bnnging the stc(s lo Ihw"r piesenl locatson aNJ condilion. Items held lor thstsibution at or nominal cOndration are measured Ihe low8r of replacemerbt cost and cost Net realisatAe value is the eslimated selliThJ price less al 8stimatsd costs of comFdetion and ¢osts to be incurred in marketing. s811ing and distribution. 1.9 C•¥h and ¥h equivalents Cash and cash equivalents indude cash in hand. dep)sits held at cam banks. other short-term liquid investments with lnal maturibes of three Months or less. and bank overdrafts. overdrafts are shown within borrowings in txjrrant liatrxlitiès. 13-
CRITERION THEATRE LIMITED NOTES TOTHE FINANCIALSTATEMEKrs (coKnNUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢1[9 pollcles (Contlnued) 1.10 Finan¢lal In•trument• Thg charity has 91gQtod to apply Ihe proviwons of Sedion 11 'Basi¢ Finanoal InslruThnls' and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial instrLMnents. Finanoal inslnjments are recognised in the charTVs balare Sheet when the dwrity OrneS party to the contractLBI provtgons of the instrument. FinanLaal assets and liabilities are offset. Vth the net amtyjnts prented in the financial statements. when thora is a legally enforceable right to set off Ihe re¢ognised amunts and there is an intènlion to settle on a net basis or to realise the asset and setlle Ihe liabdity MUltaneo. Baslc Ilnandal assets Basic ffinancid assets. vhith Indje debtors and Cash bank balances, a initially measured at transaction pri( indudirvJ Iransaclion costs and are subsequenty carried at amortis8d cost using the effective interest methcKI unless the arrangement conslitutes a financing transaciion. where Ihe transaction is measured al Ihe piesent value of the fulure rerripts discounted at a marf(et rate ot intere81. Financial assets dassified as receivable within one year are not amortised. Ba$1¢ linan¢l•l Ilabilltles Basic financi liabilities, indudirKJ ¢yeditors and bank loans are intlially recognised at transaction price unless thg arranggmgnt conslitutes afinanung Iransaction. the d9bt instrument is measured atthe present vdue of the future payments disctyjnted al a m8thet rale of interest. FThal liaim'liiies classrfi8d as payabl8 within one y8ai arg not amorlised. Debt instrum8nts are sUbSeqL led at amorlis8d cost. using th8 eff8ctive inler8St rab mgthod. Trade creditors are obligations to pay for goods or SeNiS that have been acquired in the ordinary course of operaliMs fiom suppliers. Amounts paythe a classtfied as cuwenl liabiltbès if payr1 is due within one year orlgss. If nol. they are presented as non-cJJrrent liabilities. Trade creditors are recognised inilialty at transaction price and SubSeqY m8asuwd at amoitised ¢xJst using the effeclive interest mettwxl. D•r8¢ognidon of finan¢ialllabllhA•s Finanaal liabilitigs ara d8racwi$gd when th8 tharity contractyal clIgatiOr&S expire or are discharged or cancelled. Critical accounting estimates and judgThnts In the application of the charity accounting [1?$. the trustses aT8 requirgd lo mak Ijg9M9nts. estimales and assumptions about the carrying amount of assets and liabile8 that a not Teadily aFparent from other sources. The gstimates and associated assumptiS ar8 based on histori¢J experience and other laclois Ihat are considered to be relevant. Actu results may 1Sff&r trom these estimates. eslimales and derfng assumpti are reviewed an ongoing basis. Revisions to accountirvJ estimates are recognised in the period in which the estimate is rwsed where the revision affocts onty that p10d. or in the period ol the rewsion arKI lulure periods where the revision affects both ujrrent and future periods. 14-
CRITERION THEATRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Donatiom •nd legJcie• Unrestrlcted Unrestricted Fund8 Funds 2022 Donation8 and gifts 4.546 8.523 4,546 8,523 Charitable activities Produdlon and M•mb•rship Totrl perfonnances Income 2023 21Y22 Box offiee sals 51.717 51.717 32.149 Subscriptions Orama dass 5.862 5.862 5.423 2.472 2,472 7.201 1.852 Sundry CeIpts Lottery Bar Sales 7.201 4,839 2,515 2,515 32.580 21,262 54,189 5,862 42,296 106,893 67,910 64,406 Intsre8t recelvable Unr•strl¢t•d Unretrl¢ted Fund8 Funds 2023 2022 Interest Recolved 150 15-
CRITERION THEATRE LIMrrED NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Ch*rit•ble a¢ti¥iti08 Produ¢On •nd Total Total 2023 2022 Script Costs Wardrobe 858 299 2.887 2,887 731 2,672 1.287 Propèrties Publiiity 14oyallies Set construction 731 1,807 3.140 2.244 529 7.151 7.151 1.878 9.4(KS 1.878 ghling and sound usio and bands 2.7¢XI 2,413 31,007 2.7CKI 2,413 31.007 574 Sundry pl0ction costs 12,552 Share of support costs (s88 note 71 Shale of govemance costs {see note 7) 67.166 67.166 50.374 31,007 67,166 98,173 62,926 Analysis by lund Unrestricled funds 31.7 67.166 98,173 31,IX)7 67,166 98,173 For th8 year ended 31 Docemtor 2022 Unrestricted funds 12.552 50,374 62.926 12.SY2 50,374 62.926 16-
CRITERION THEATRE UMITED NOTES TO THE FINANCIAL STATEMEKfs (CONTINUEO) FOR THE YEAR ENDED 31 DECEMBER 2023 Support ¢o¥ts Support Governance 2023 2022 88$1$ of Allocation Depreciation Bar and coff89 20.934 13,270 14,186 435 Actual 17.682 17.682 420 Acttjal Floom hire 420 Actual Waste disposal Li¢9nses 570 Actu Actual Rates 1.875 1,875 9.552 1.765 1,421 6.010 1.889 Actual Light and heat Telephone Insurance 9.5S2 Actual 1.765 4.792 3.017 Actual 4.7W2 4,416 3.053 766 Actual Repairs Wabsita gxponses Sundry expenses 8ank tharg9S DeYel(¥)ment Costs Accotarry and legal 3.017 766 Actual Actual 2.513 2.513 2.165 Actual 27S Actual 1.170 1,170 S14 Actual ActLtal 67.166 67.166 50.374 Analysed betsyeen Charitable acliwbe8 67.166 67,166 50J74 Tru¥te81' remuneration and bwngfits There were rn) trustees, remuneration or othor b8neffts lor th8 year ondgd 31 Oecember 2023. Trustees. •xp•ns•s During the year, the charity Mbur9ed exp8nses lo the following trustees.. A Greene £935 in respecl of scripts and production expenses12022- £1.103) K Sowefby t1,9 in iespect ol admin & d&velopment costs {2022- £1.1361 C Firth £3S in respect publicity and athivity12022- £170) S Sharpe £0 in r9spect of set construction and mntnCe {2022 - £1Crf)) J Elves £0 in respect of sr*>al activity12022 . £321 These transactions werg all wndwtgd * aTm's1gngth. 17-
CRITERION THEATRE LIMITED NOTES TO THE FINANCIAL STATEMEKrs (coKnNUED) FOR THE YEAR ENDED 31 DECEMBER 2ff23 Employ••s The average m(xthly number of employees durirvJ ts year was: 20223 Numb 2022 Number Total 10 Tangible fixed assets Land and Comput•r bull(Ing8 •qulwnent Hxtur fftllngs & ¢qulpn¢nt Total Cost At 1 January 21)23 228.924 3,787 178,936 411,647 At 31 December 2tr23 228,¥24 3,787 201,936 434.647 D•pr•¢i•ti¢n and •mylrment At 1 January 2023 Depreciation tharged in Ihe year 36.624 4,578 3.787 123.059 16,356 163.470 20,934 At 31 December a723 41202 3,787 139,415 184.404 Carrylng amount At 31 December 2¢Y23 187.722 62.521 250.243 At 31 December 2(Y22 192.3(KJ 55.877 1.447 11 Sto¢k# 2023 2022 Aaw mal8rials and consumables 2,730 2.043 12 Debtor8 2023 2022 Amounts f•lling due within on• yw: P19payments arKI ac¢nMI irthm6 18-
CRITERION THEATRE LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 13 &edltor8: amounts f•Ming du? wilhin •)ne year 2023 2022 Accruals and d8feried incomg 1,756 1.756 14 Relatsd party tran8actl¢)ns There were di8dosatAe relatsd paty transaefons durirvJ ts ygar (2022 . 19