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 2C￿6, 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 sm￿18[ Entities {th8 FRSSEI (effective 1 January
2015>.
The linanc4al statement8 cx)mpty wlth th8 Chaiilies Act 1993. th8 Memrandum and A￿￿88 cl AS￿latiOn and the
Statement of Recommended PraCthce.AcC￿n1ln9 and ReportiNJ by ch￿TtieS ISORP 20051.
R•f•r•nce and Administrative Detail•
Regisler8d Charity Name: Critorion Thgatro Linited
Regist8r8d Charity N￿nber. 1161430
Regislered Company Number." 01643977
Address ol pr1r￿aPa1 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
Approv￿1 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 b￿lding 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.v￿￿￿￿al theatre company in the West Midland8, prcrflucing exemplary
theatrical exPerie￿8S 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 fina￿￿al ald￿ by ts a g￿rOUS bgqugalh Irom ong ol thg IowKling members of
the th8alre and look fO￿ard oplimisticalty to th8 fU￿re.
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 ￿ pl￿1¢ 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 p￿JL￿1onS.' Prothbons a￿ o￿lty 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 pu￿le. adL￿a￿Ve. and develop¥n9ntal wtfjnti￿ ol tho programme. This varied programme
also offers ad￿a￿va opportuntlies to the cast and Crew in developing their on- aThJ off-stag8 skills and compgtoncies.
bl
Volunteeiing Oppor1￿1￿es. 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.. r￿nIng the bar. i￿X off￿e. front ol hr￿e. 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).. O￿Th 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 stUd￿ts to partiopata in relevant in-hou$g produclions. Core educative vajue lor childran
in educating them about drama. plays. actirKJ and develcwiro aFpreoatiM for dramabc arts into th￿r lives.
dl
Training opportunities in Ihg dramati¢ arts". Th9 Theatre h)sts regulai New Memb8r8 Nights when the publ￿ can
come along and find out atM)ut vthat acbwbes the Theatre is er¥Jag8d in. In(*vidua15 ar8 encourag8d to bocome members ol
Ihe Theatre lo W invdved in all on stsge and off-stsge a$p￿ts of prod￿tIon regardless of levels ol previous experience.
Relevanl in-house tr￿niThJ is offered.
Involv8m8nt in the local Coventy rjynmuntty: This i￿ludeS providing a fr88 01 tharg8 on8voff mogting venue for
local gr￿ps. The Theatre is also invofved in the annual Earfsdon commuryty festival. Q￿nectionS wth Ihe Coventry Resource
CenlTe for th8 Blind have t￿n established. This facilitates thg Theatre's commuTrty invofv8m6nt and expands tho publio
reach ol the dramatie ac11￿1[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 endeAV￿rn.
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 t￿ket and r9freshmgnt sales and
membership subscriw'ons to cover its operating costs. In settirwJ the level of charges and concessions. the Tnjstees give
careful Con￿deratIon to thg a￿sSibIlity 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 ch￿lengIng prc*JrammiThJ. seknlirg ptays across the variety ol genres. which stretch actors
and technic81 teams. are ielevant lo contemp)rary $l￿ty, and enjoyat4e to awJ*rtts. The artist￿ team endeavours io have
the most up to dale information about new rgleases. and we arg often the first thealre in ts region to gain amateur rights lo
shows. This means that we providè crriderable artislic and ed￿&￿ve value to tyJr audiences. the pu￿1C. Without the
Crtl8rion Th8atr8, the public would not have had access to Ihes8 dramatic pieces of worf(.
Behve8n January 1° and Decern￿r 31° 2023. we presented six main house and one stt*Jio prodUctior￿s. It was an gxtremely
successful year a lull programme to capacity audiknium. Tr prograffthe irtlud8d a new drama 'Aftedrfe' which made
innovatlvg Usg ol mLAtirym9dia and intgra¢tivg fdm and woieclion and wg also sla9gd our first ILdl scJ8 musical lor over a
d8cade-Sondh8im's 'Sweenéy Todd rAaying to sell out h(￿￿eS and ￿1￿Cal acdwm. In 'Beryl', four actors on fixed vintage
bicycles wowed us wilh their Th￿IlIple characteri￿￿onS and physKal prowess. lellirvJ the story ol one ol the UK'S greatest
sportswomen %thilg The Welkin. invcdved a large cast in a E￿WerfUl Foriod Fi8Ce of now drama. We endgd Ihg year wilh Ihe
classic Come￿ larce Arsenic and Old Lace whith r4ay*J to a sell-out a￿llenCe. We staoed one studio play to a smaller
caparyty audience- 'The Co* of You.. a piece of brarKI-new ptesenting an inventive modem love story. 21Y23 also saw our
inaugural Springk*)ard Feslival which was an eight-day-long celebration ol performing arts. bringiThJ together professionals
and amateurs. In.house company plays aNI ¢onmunity ¢dIa￿rati￿S ran alongside extemal attists, musicians and theatre
companies.. po81ry w0￿shopS and art oxhibrfions. Thor8 wer8 30 perloffliances involviTrJ ovor 80 performers. with the breadih
of subject matter ￿Infor¢in9 our overnll mission aThThJ ¢fveThty and inc4usion. We Flan to make it an annual avent.
SpR.NGBOARD
FESTIVAL
St
THE
WEIKIN
LACE
January 2023 saw the construthion ofan accessible knlet- ￿8$e one in 0urTedeveb￿￿ertVbUih1lny 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 diVor￿ty ol casls {26% of octors from global majority
backgrounds compared to 16% last year}. Over￿1 fiwr6s avèrag&J 80% across the corg productions in 2023 {nol
In¢￿ing the Festiv￿1, 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 a￿l¥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 It*atre 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 Pe￿8. 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 sh￿e in the drama dass leaming al various
opportunilios 1hr￿gh ihe year.
Play Reading8
Every woduction in Ihg season tHS an inits￿ reai*rvJ 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 ￿0￿1, 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 Multit￿18 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 Our￿aCe 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 COMM￿lty When￿ possiL48.
We provide a free of chaige, re8cMJrced spa¢x for *ithin the hxal commurity lo woduce and promote w0￿S of cultural
valuè such as local dance troupos a￿1 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$￿tal. Earfsdon SdM)oI PTA aThY the nats.onal LFtUe Theatre Guikl committee meeting.
In addition. we provide a resourced venue for nalional arxl intemational th8atre companies and 0lh9r artistic organisations to
perfom) l•.g., travelmng thaatrg Companies. indgpendent ftm-makers. mugoan8, darKe troupes). This year has seen us host
a communlty Ve￿On of Tr Vagina NlonLlogues', a lcd groLV produc4r¥J 'City of Buming spi￿$. 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 W0￿1n9 Group provides dir8Ction. support and
guidance to ts Board and all volunteefs, on EDI Is$￿ and we have set ab)th im￿eMenting 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 bac￿grOund. We aro workiThJ on an acce￿b￿lty ￿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 w￿1¢. offwing considerable Op￿rtUnitIeS 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 str￿g and loyd group of oThmitl8d vol￿180rS 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 peric*J. the chanty had accumulatod cash r8seN8s of £172,013. This puts the charity in a strong
nandal p0S￿on against its committed
The level of unres1￿cted funds is M￿ntained 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 b￿8fft of discounted lickats whith ar8 a way of gen8Tating ropeal visits and increased
nnNlmenl lo the T￿atre. and are of Inan(aal hdp to Ihose people vtho l*e to see mulliple w￿l10n8.
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.
StrUC￿les Goveman¢e and Managemnl
The Crileiion Theatre Limited Co￿lt￿te$ a limite(I company. limited by guaranlee. as define(I by thg Companies act 2006. It
1$ contrc4led by its govgmirKJ d￿umert thg memoiaTrJum and artidos usng an aFf•roved govemiThJ document Unde￿￿tten
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"rect￿s in rotation is dotermin8d by dausa 31 and 32.
Th8 minimum nIm￿l of trustees is 3 and is Curr￿ not sutr48Ct to any Maxim￿1.
Tralning and Inducti¢yn of Tru8tee*
To stand for ap￿￿nIMenI. trustees must meet the requirements of the Charity Commtssion. Induction will be condvcled by
present trustees. under the stswardship of Ihe s9￿etary.
Voling rights within the charity
All Company members ol the tharity. v4lb)se membership ￿b$C￿ptitift is ￿ to date are eligible to vote at a dLdy cijnstitut8d
go￿ra1 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 ac￿dan￿ ￿ Clause 8 and 9 01 Ihe gOVwr￿ng 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 leas￿￿ble assurance against fraLKI and error.
Plans lor the Fu￿1¢
The Trustees are reSk*Y)si￿e 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.
HOW￿91. our core acti￿￿e$ ar6 s réstsicted ty the capatity arKI stste of our thealTo build￿g. Our plan over th8 last five
years has involved COm￿ete 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 red￿810P the ￿$lIng L￿ik￿ng infrastru￿.
Complete intemd de￿ra110n and ielurt#shment
Improvg healing and coding fvnc11cffl￿ty.
Redevelop the backstage aroas.
Develop new construction al the ￿r of the theatre vknere there is existing un￿VelOped land.
To progress these ￿an$. 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 sa11sf￿d mysdf that the finanoal slatsments of ts charity are not required to be a￿Jitod 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 CoMp￿Y 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 finan￿al 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
STATEmE￿r 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 act￿eS 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$￿ts
Current A880ts
2SO.243
248,177
Stocks
2.730
Debtors
Cash at bth( and in haTrJ
172.013
1C#),7S7
11Y2.8
174.743
Credllor8: amounts lalllng due withln
one year
{1.756)
11,756)
Net current assets
172.987
101.044
Total asset8 l•s8 eurrrnl Ilablllll•8
423,230
349,221
Income lunds
unles1￿ted funds
423.230
349,221
349,221
423.230
The company Is emilled to the exen1pti￿ from th8 at¥Jit req￿reMent contsined in SeCtiC￿ 477 of the Compani88 Act
2006. for the year ended 31 Decemter 2023.
The directors acknowledge ttHr responsbrfiknes for COmF4￿￿j with th8 rewlrem￿ts of the Companies Act 2006 wlth
re$pgct lo a¢wunting re￿rdS 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 Sm￿1 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
registe￿1 off￿8 is Befkelw Road s￿Jth. Eadsdon, Coventy, West Midlands. CV5 6EF, Uniled Kingd¢)m.
1.1 Acc*￿￿11n9 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 Re￿iting sts[￿ard applicatAe in the UK and Republic
of Iroland IFRS 102}" las amended for a￿nIing perirth conwn8rKing fr(Mn 1 January 2016). The charity is a
pu￿1¢ 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 appro￿ng the acccMJnts. the trustees have a ￿8$Ortable exrectation that the charity has adequate
resources to continue in operational exislence for the for8seeatAe future. Thus the trustees conllnue to adopt
the going concern basis of accountin9 in prepariThJ the accounts.
1.3 Charitable lund*
unrestn.cted lunds are available foruse ￿thed1$cr￿Itift of the trus* in lurtheranee oftheireharilable obje¢tNes
unless the funds have been d￿gnated 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 fin￿la1 statements.
EndOW￿nI 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 d*rity is legally entiled to it after any performance conditions have been met.
Ihe amounts can be measured Idi￿y, 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 donati￿S 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 im￿nthng distribulion, the
amount is known and receipt is expected. If the amounl is r￿t 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 expendI￿re. It Is probaNe thai a transfer of eCl￿0m1¢ 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 recc*Jnised in net ir￿Ome/10xpendltUr8I lor tha y&ar.
1.7 Impairnient of fixed assets
At each reporting end date. the charity rovigws Ihe carryng ar￿Unts ol its bngitle assets lo determine
whe￿r thgre is any indicati￿1 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 laiK*Uf 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
cOn￿d￿ration 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 ￿l￿nal 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 balar￿e Sheet when the dwrity ￿OrneS party to the
contractLBI provtgons of the instrument.
FinanLaal assets and liabilities are offset. V￿th the net amtyjnts pr￿ented 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. v*hith Ind￿je 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$1¢ linan¢l•l Ilabilltles
Basic financi￿ liabilities, indudirKJ ¢yeditors and bank loans are intlially recognised at transaction price
unless thg arranggmgnt conslitutes afinanung Iransaction. the d9bt instrument is measured atthe present
vdue of the future payments disctyjnted al a m8thet rale of interest. FTh￿al liaim'liiies classrfi8d as payabl8
within one y8ai arg not amorlised.
Debt instrum8nts are sUbSeqL￿ ￿￿led at amorlis8d cost. using th8 eff8ctive inler8St rab mgthod.
Trade creditors are obligations to pay for goods or SeNi￿S that have been acquired in the ordinary course of
operaliMs fiom suppliers. Amounts paythe a￿ classtfied as cuwenl liabiltbès if payr￿￿1 is due within one year
orlgss. If nol. they are presented as non-cJJrrent liabilities. Trade creditors are recognised inilialty at transaction
price and SubSeq￿Y m8asuwd at amoitised ¢xJst using the effeclive interest mettwxl.
D•r8¢ognidon of finan¢ialllabllhA•s
Finanaal liabilitigs ara d8racwi$gd when th8 tharity contractyal c￿lIgatiOr&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 I￿jg9M9nts. estimales and
assumptions about the carrying amount of assets and liabil￿e8 that a￿ not Teadily aFparent from other sources.
The gstimates and associated assumpti￿S 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 ￿derf￿ng 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 p￿10d.
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 sal*s
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
Unre*trl¢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 pl0￿ction 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
Acco￿tarry 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 m￿nt￿￿nCe {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