Charily Registration No. 1161430
Company Registration Nc*. 1643977 (England and Wales)
CRITERION THEATRE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

CRITERION THEATRE LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustea8
J Elves
A Greene
K B Sowerby
C Firth
Simon Sharpe
Emma Padfiedl
Georgia Kelly
Secretary
S Sharpe
Charlty number
1161430
Company number
1643977
Regl8lered offlce
Berkeley Road Soulh
Earlsdon
Coventry
West Midlands
United Kingdom
CV5 6EF
Independent examiner
John Plumb

CRITERION THEATRE LIMITED
CONTENTS
Page
Trustees, report
Independent examln8rf8 report
Statement of flnanclal aciivilies
10
Balance sheet
11
Notes to the financial statements
12-19

CRITERION THEATRE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Report of Ihe Tru8tee8
Introduction
The Trustees who are also directors of the charity for the purposes of the Companies Acl 2006, are pleased to pr8s8nt their
report with the financial statements of tho charity for the year end8d 31 December 2024. The trustees have adopted th8
provisions of Accounting and Fleporting by Charities: Statement of Recommended Practice applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard for Smaller Entities {the FRSSE) (effective 1 January
2015).
The financial statements comply with the Charities Act 1993. the Memorandum and Articles of Association and Ihe
Statement of Recommended Practic8-Accounling and Reporting by Charities (SORP 2005).
Reference and Admlni81ralive Deta118
Registered Charity Nam8.' Crit8rfon Theatre Limited
Registered Charlty Number: 1161430
Aegist8red Company Number: 01643977
Address of principal offlce.. Criterion Theatre, Berkaley Road South, Coventry, CV5 6EF
Dlr•ctor8 and Tru8t••8
The names of Trustees who have seNed during the reporting period are as follows..
Jonalhon Elves
Anne-marie Gr88ne
Simon Sharpe
Barbara Sowerby
Georgia Kelly
E Padfield
Chris Flrth
Company Secretary
E Padfield
Independent examinor
John Plumb, Accountant
Approved by order of the board of truslees on .
by:
1617.1.25..................
and signed on ils behalf
J Elves
Twstee

CRITERION THEATRE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Chalr's report
The Crit8ri0n Theatre is 'The Little Theatre with Big Ambitions,. We own our Iheatre bullding and have been producing
theatrical 8nt8rtainm8nt of th8 highest quality for over sixty years. We are totally rellant on volunteers for all our activities
both on and off stage. Our vision is to be the b8St amateur th8atr8 company in the W8St Midlands, producing 8xemplary
theatrical experiences and developing thealr8 artists, thus fulfilling our charitable objectives of promoting th8alre and the
dramatic arts in Coventry, Warwickshlre, and the West Midlands.
2024 has been a very successful and innovative year and we have staged six main house productions and one sludio
productlon to strong audience numbers. Wa have kept ihe Company and wider membership community connected with
regular online play readings and social events. Our Children's drama classas have gone from Sirength to strength with very
healthy numbers. We have made some measurable progress on our ambitious Equality. Diversity. and Inclusion Aclion
Plan, and our Redevelopment Plan. We have ended the year In a solid financial positlon and look foDNard Opiimistlcally to
the future.
Jon Elves, Chair

CRITERION THEATRE LIMITED
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Our Objective8
The charitable objectives of Th8 Criterion Theatre Limited are:
1. To educate Ihg public in the dramatic and operatic arts
2. To further the developmenl of publlc appTeclatlon and taste In the sald arts.
We achieve these oblecllves through the following means:
An annual programme of in-house productions: Productions are openly presented to the public. This is s8lect8d
carefully to present a wlde variety of dramatic genr8s and the use of work by both classic playwrights and the most up to
date writers, This ensures the widest public, educative, and developmental potential of the programm8. This vari8d
programme also offers educallve opportunities to the cast and crew in developing their on- and off-stage skills and
competencies.
b)
Volunteering opportunlties: The Theatre runs $018ly on the basis of volunleer aclivity. There are opportunlties for
the publlc lo be involved. by joining as members, in all aspects of Theatre activlty. This involves the core activily of
productions (cast and crawl, but also support functions18.g., running the bar, box offlce, front of hou8e. haallh and safety,
cleanin9, events team 8tc.). This has educalive value in allowing people to be involved In how a theatr8 works, increasing
appreCIa￿On for dramatic arts.
clchlldren's drama classas from school years 3 to 11 (aged 7 to 16),, Open lo the publlc. Workshops iaaching a range of
drama skills. A showcas8 of their learning over the year is presented towards the end of tha summér tarm. There are
opportunities for drama class students to participate in relevant In-house productlons. Cor8 8ducative value for children in
educaling them about drama, plays, acling and developing appreciation for dramatic arts into their lives.
d)
Training opportunities in the dramalic arts.. The Theatre hosts regular New M8mbers Nights when the publlc can
come along and find out about what actlvities Ihe Theatre is engaged in. Individuals are encouraged lo become members of
the Theatre to get involved in all on stage and off-slage aspects of production regard18ss of lev81s of previous experience.
Re18vant in-house training is offered.
Involvement in Ihe local Coventry community: This includes providing a free of charge one-off meeting venue for
local groups. The Theatre is also involved in the annual Earlsdon community f8stival. Established conneclions with the
Coventry Resource Centre for the Blind have been continued. This facilitates the Theatre's community involvement and
expands the public reach of the dramalic activities undertaken by the Theatre, thus contributing to achieving its charitable
objectives.
f) A venue for external Iheatre companies and other artistic events (e.g., travelling theatre companies. Independent film-
makers, musicians, dance troupes).. This provides educative value in expanding the exposure of tha public to a variety of
dramatic and artistic endeavours.
g)
The running of a licensed bar, open Iwo evenings a week and during all productions and events. This trading
activity is deemed to be s8condary and only in furtheran￿ of our Charitable objectiV8S.
In shaping our objectives for the year and planning our activities. the Trustees have consid8red the Charity Commission's
guide on publlc benefit, including the guidance on fee charglng. The charity relies on ticket and r8fr8shm8nt sales and
membership subscriptions to COV8r its operaling costs. In setting the level of charges and concessions, the Truslees give
careful consideration to th8 accessibility of Ihe events it programmes for those on low incomes.

CRITERION THEATRE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Our Achlevement8 and Performance
Our Season of Production8
We engage in adventurous and challenging programming, s818Cting plays across the variety of genres, which stretch actors
and technical teams, are relevant to contemporary society. and enjoyable to audiences. The artistic team endeavours to
have Ihe most up to dale information about new releases, and w8 ar8 Often the first theatre in the region to gain amateur
rights to shows. Thls means Ihal we provide considerable artistic and educatlve value to our audiences, the public. Without
the Criterion Theatre, the public would not have had access to these dramatic pieces of work.
Between January 141 and December 31 2024, w8 pres8nt8d 6 main house productions and 1 studio production. It was an
extremely succassful year with a full programme to capacity auditorium. The programme included a youth studio production
of the hard-hitting drama 'The Trlals,. Maln house shows Included comedy in 'DIIty Great Love Slory,, powerful classics
'1984, and 'The Homecoming,, a one man show 'Every Brillianl Thing. and finally an Innovatlve female-led verslon of
Dickens A Christmas Carol,. 2024 saw us run our Springboard F8Stival for Ihe second year, comprising an eight-day-long
Celebration of performing arts, bringing together professlonals and amateurs. In-house company plays and community
collaborations ran alongside external artists, musiclans and Ihaatre companies: poetry workshops and art exhibitions. There
wera 40 performances Involving over 60 performers, with the breadth of subject matter reinforcing our overall misslon
around divarslty and incluslon. It has now become a firm part of our season.
SPRINGEIOARL)
FESTIVAL
GREAT
£Q:VE
STOR:,
IALS
b*A•rA POIT*f 1*1
1984
Monitoring against our EDI mission continues, evidenced in programming choices and increased diversity of casts. Overall
aUdIen￿ figures averaged 74°A across the core productions in 2024 (not including the Festival), which is back to pre-
pandemic levels.

CRITERION THEATRE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Our Educallonal Activities
As part of fulfilling our charitable objectives to educat8 and promote appreciation of the dramatic arts, we engage in a
programme of educatt'onal activities.
Drama Cla8se8
Part of our vision involves inspiring the next generation of actors and theatre audiences. and the Crlterion Theatre provldes
a valuable education in the dramatic arts. and appreciation of theatre for young people wlthln Ihe local area.
Over the reporting period our drama classes have gone from strength to strength wilh large numbers attending. These classes
teach a range of theatrical skills to children and young people. These are open to the public. They involve volunteer lutors
drawn from the acting Company, and while there are those that r8gularly18ad the classes, tutors are also drawn on to deliver
specialist S8sslons such as on mlme, stage fighting and voic8 coaching.
We run two drama classes on Salurday mornings in school t8rm times, split by school year age (Class 1: Year 4 to 6; and
Class 2: Year 7-13). Parents, carers, and family are invited lo come and share In the drama class learnlng at various
opportunities through the year.
Play Readlng8
Every production in the saason ha$ an initial reading before the audition and casting process starts which 18 open to the
public. This Is an opportunity for people to hear a play read aloud. participate In taking parts and gain a greater understanding
of a particular play. This provides educalive value and the appreciation of dramatic arts to Ihe public.11 also helps to encourage
people to come along and get more involved in producllons. either on stage by auditioning or in the multitude of backstage
and other support roles.
In addition, the play reading group has organised regular online play readings which have Conlrlbuted lo keeplng the Company
connected and engaged in artistic activities and are useful activities guiding forthcoming seasons.
Our Community Actlvltle8
We are passionate about Coventry and our plac8 in th8 local community. While we are limited by our busy production schedule
and the space restrictions of our building, we do our b88t to accommodate and support artistic and dramatic aclivities taklng
place in the local communlty whenever possible.
We provide a free of charge, resourced space for people within the local community to produce and promole works of cultural
value such as local morris danc8 troupes, role playing society, and Earlsdon Wl. In the lead up to the Sprlngboard Festival
Ihere has been a regular poetry. and n8w writing group meeting once a month. We hav8 also provided a venue for the book
launch from the Coventry Resource Centre for the Blind.
In addition. we provid8 a r8sourced venue for national and international th8atr8 companies and olher artistic organisations to
perform (e.g.. travelling theatre companies, independent film-makers, musicians, dance troup8s). This year has seen us host
local group producing 'City of Burning Spires: A Rock Opera,. PUSH rock band, an 'Piskie' by BoonDog Theatre.

CRITERION THEATRE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Equality Diversity and Inclusion
The Criterion Theatre is committed to a cor8 aspiration to be a demonstrable plac8 of opportunity for all with div8rse and
brilliant plays on stage and Incluslve company and membarship. The EDI Working Group provides direclion, support and
guidance to the Board and all volunteers, on EDI issues and we have set atK)ut implementing and reporting on our annual
EDI Action Plan. Every play announced has an EDI Assessment on our website, indicating coverage of diversity issues and
any specific casting requirements (genderlgender identity, racelethnicity, disability, age, sexual orientation) that mighl be
diff8r8nt to our usual policy of neutral and open casting. The cholce of plays is now also partly guided by diverslty Critaria,
with soft targ8ts to ensure that there is representation of dlver8e stories. female playwrights and that al least one play in every
season by a playwright ot African and Carlbbean; Asian, South Asian, East Asian. or South-East Asian heritage. We are
tracking diversity within casting and are pleased lo report some progression. With regard to 8thnicity, while in 2017 we had
no global majority actor wlthln our casts, we were vary pleased lo report that In the 2024 programme, 199/0 of our actors ware
Irom a global majority background. In addition, 3 main house plays were by female playwrights, 8 of the 9 plays al Springboard
were by female identifying playwrights while 2 were from playwrights of global majority origin.we are working on an
accessiblllty plan and ensuring thal disabled visitors have the best experience possible.
Our Volunteers
We rely totally on a volunteer worklorc• and have no pald employees. There are opportunllle8 for the publlc lo be
Involv•d In all a8peet8 of theatre acllvlty Ihrough volunt•er role8 (all volunt••r8 mu8t a180 b• member8 of the
Theatre). Thi8 contribut•8 to th• promotlon ol appr•elatlon of dramatlc art8 to th• publlc, off•rlng con8lderabl•
opportunltle8 for Important altru18tl¢, artl8tlc, dramallc and '8eriou8 l9i8ure' actlvitle8, Vital to people'8 well-being.
To encourage member8hip and volunteering, il 18 vilally importanl that we provlde a creatlve, 80clal, In8plrallonal,
and Supportlve space for anyone who comes In our door, and we are open to people ol all age8, experlence,
background and walk8 01 lile. We prlde our8elv08 on our 8trong Sense ol communlty and famlly. We hope Ihrough
our volunteerlng actlvitie8 that w• can d•mon8trate that theatr• matt•r8, and that theatre18 fun to b• Involvod In.
We are go lucky to have a Strong and loyal group of committed volunteer8 who are prepargd to put in eon8ld•rable
and 81gnlflcant Ilme and •ffort for the Theatre. Along85de the 250 Company member8 who are dlrectly involved In
productlons, thero are also around 200 member8, many of whom provide a variety o18UPPOrt role8 In the Theatre
(l.e., Box Office, Coffee Bar, Front ol Hou88).
Financial po8ltion
Al the end of the reporting period, the Chgrlty had accumulatsd cash reserve8 of £485,712. Th18 Put8 the charlty In
8trong flnanclal po8ltlon agaln8t 118 ¢ommitled expendfture and allow8 the charity to embark on Some nece88ary
development to secure tho fabric of Ihe building and improve the experience for vlsitor8 and volunteer8.
Re8erve8 policy
Th8 level of unrestrict8d funds is maintained al a minimum of 3-6 months operational costs.

CRITERION THEATRE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Pricing Policy
Th8 charity relies on ticket and refreshment sales and membership subscriptions to cover its operating costs. Thè Trustees
consider the highest charg8 for membership subscription and for ticket prices to be affordable and a 'low fea., Concessions
are available for those aged under 18 years of ag8. This opinion is based on an assessment of the highest fee charged
proportionate to UK average earnings. Th8 ticket prices of the Criterion Theatre Limited are comparable with other non-
professional theatres in th8 region.
Membership subscriptlons are very low and hav8 not increased for over 5 years {Company £20; Club £10. Youth £5). The
rationale for charging a membership subscription has been carefully considered by the Trustees. Being Involved in th8 areas
of production requires a level of commitment to the Th8atr8 that is cem8nt8d by membership and the small financlal cost of
membershlp. In addition, th8 Th8atr8 must invest Sn those members who volunteer for productions In terms of training and
insurance. Members galn the benefit of dlscounted tlckets which are a way of generating repeat visits and Increased
commitmant to tha Theatre, and are of financlal help to those people who like to see multlpl8 productiong.
ricket pric8s are £10 for members and £12.50 for non-members, being below the av8rag8 price at sister amaleur theatres In
the area.
Following a review of costs and inflationary rises, we have increased the bar prices in line with inflation.
Structures, Govornance and Management
The Criterion Theatre Limited constitutes a limited company. limited by guarantee, as defined by the Companies act 2008. It
is controlled by its governing document, the memorandum and artl¢le8 using an approv8d governing document undeNrltten
by the National Operatic and Dramatic Association (NODA). It is r8gistered as a charity with Ihe Charfty Commission.
Organl8allon
Appolntment of Tru8te08
This is based on the voting of members {as defined in clause 10) at a duly constituted general meeting. Under clause 33, the
harity may by ordinary resolution..
(1 > appolnt a person who is wllllng to act to be a trustee/dir8ctor; and
(2) determine the rotation Sn which any additional Irusteeldirectors ar8 to r8tir8.
The resignation of truste8sldireclors in rotation is determined by clause 31 and 32.
The minimum number of trustees is 3 and is Currently not subject to any maximum.
TralnSng and Inductlon of Tru8tees
To stand for appointment, trustees musl meet Ihe requirements of the Charity Commlssion. Induction will b8 conducted by
present trustees. und8r the stewardship of the Secretary.
Voting rlghts within the charity
All Company members of Ihe charity, whose membership subscription is up to dat8 ar8 81igible to vote at a duly constituted
general meeting.

CRITERION THEATRE LIMITED
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Related Partie8
All related interests of Trustees regarding transactions and arrangements have been declared at the duly constituted Board
meetings and proce8ding5 undertaken in accordance wlth Clause 8 and 9 of the governing document.
Ri8k Management
Th8 trustees hav8 a duty to identify and r8Vi8W the risks to which the charity is expos8d and to ensure appropriat8 controls
are in place to provid8 r8asonabl8 assurance against fraud and error.
Plan8 for the Future
The Trustees are responsible for establishing the Strateglc Bu￿nesS Plan looklng forward over the noxt live-year period.
We are a successful Theatre. with a Ihrlving company and much appeal in the wider community.
However, our core aclivities are restricted by the capacity and state of our theatre bullding. Our thealre building Is still In
need of r8furbishm8nt. Major ongoing deliciencies include bar, foyer and backstage areas and building structures to the
rear which are in a poor state of repair, and lack of effective and consistent heating for winter and comfort-cooling for
summer.
In order to fulfil our ambltions of maintaining our current parformanca standards plus signlficantly expanding and developing
our activities, our plan of work for the short- and long-tem) futur8 is to engage in fundraising in order to generate alternative
sources of income, which can be used to:
Refurbish and r8d8V81op th8 exlstlng building infraslructure.
Complete internal decoration and refurbishment
Improve heatlng and cooling functionality.
Redevelop the backstag8 areas,
Develop new construction at the rear of the theatre where there is existing undeveloped land.
We have set up a new Fundraising Commillee, and we have a Development Committee, led by the Chair. A generous
legacy by a founder member plus ongoing fundraising mean that plans for building development work are now well
progressed to begin in 2025 and on which we will report next year.
The trustees, report was approved by the Board of Trustees.
J Èlves
Trustee
Dated .

CRITERION THEATRE LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CRITERION TEHATRE LIMITES
I report to the trustees on my examination of the financial statements of Criterion Theatre Limited (the
charity) for the year 8nded 31 D8c8mber 2024.
Re8pon8ibllitle8 and ba818 ol report
As the trustees of the charity (and also its directors for the purposes of company law) you ar8 rasponsible for the
preparation of the financial statemènts In accordance with the r8quir8ments of the Companies Act 2006 (the
2006 Act).
Having satisfied myself that the finanaal statements of the charity are not required lo be audited under Part 16 of
th8 2006 Act and are ellgible for independgnt 8xamination, I report in respect of my examination of the charity's
flnancial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out
my examination I have followed all the applicable Directions given by the Charity Commission under section
145(5){b) of Ihe 2011 Act.
Independent examlner's 8tat8ment
I have compl8t8d my examinalion. I confirm that no matt8rs have come to my attentlon In connection with the
examination giving me caus8 to b81i8v8 that in any materlal respect:
accounting records were not kept in respect of the charlty as required by section 386 of the 2006 Act:
or
the flnanclal statemenls do not accord with those records., or
the financial stalemenls do not comply with th8 accounting requirements of section 396 of th8 2006 Act other
than any requirement Ihat the accounts give a Irue and lair view which is not a matter considered as part of
an independent examination,. or
the financial statements have not been prepar8d in accordance with the methods and principl8s of the
Statement of Flecomm8nd8d Practic8 for accounling and reporting by chari118s applicable to charilies
preparlng iheir accounts in accordance with the Financial Fleporting Standard applicable in the UK and
Republic of Ireland (FRS 102).
I have no concerns and have com8 across no other matters In conn8Ctlon with the examlnation to whlch
attention should be drawn in this report in order to enable a prop8r understanding of the financial statements to b8
reached.
John Plumb
Accounlant
2 Mews Cottages
Cloisler Crofts
Leamington Spa
CV32 6QQ
united Kingdom
Dated..

CRITERION THEATRE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Note8
Income From:
Donations and legacies
Charitable activities
4,864
4,546
Production and performances
Membership fees
Other income
46,280
5,920
39,485
1,132
54,189
5,862
42,296
882
Interest receivable
Total Income from bu81ne88
97,681
107.775
Legacy Income
306,637
64,406
Totsl Income
404,318
172,181
•ndltur• on:
Production and performance
Other charitable
22,102
90,386
31,007
67,165
Net (expendilure)fincome for the yearl
Net movemonl In fund8
291,831
74,009
Fund balances at 1 January 2024
423,231
349,222
Fund balanc•s at 310•cemb•r 2024
715,061
423,231
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure d8rive from continuing activities.
The statement of financlal aclivilies also complies with Ihe requirements for an Income and expenditure
account under the Companies Act 2006.
10.

CRITERION THEATRE LIMITED
BALANCE SHEET
AS Af31 DECEMBER 2024
2024
2023
Not08
Fixed A88et8
Tangible Assets
Current A88et8
229.349
250,243
Slocks
2,608
2,730
Debtors
Cash at bank and In hand
483,751
172,013
486,360
174,743
Credltors: amounts falllng duo wlthln
one year
Nel currenl assels
(648>
(1,756)
485,712
715,061
172.987
Total a88et8 le88 currenl Ilabililie8
423.230
Income fund8
Unrestricled funds
715,061
423,230
423,230
715,081
The company Is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006. for tha year ended 31 December 2024.
The directors acknowledg8 thelr responsibilblies for complying wlth the requirements ol the Companies Act 2006 wilh
respect to accounting records and the preparalion of financial statements.
The members hav8 not required the company to obtain an audit of its financlal stat8m8nts for the year In
question in accordance with section 476.
These financial statements have been prepared In accordance with the provisions applicab18 to companies
sublect to the small companies regime.
The financial statements were approved by the Trustees on ...
i.s..i.i. l u.
J Elves
Trustee
Company Rogistration No. 1643977
11

CRITERION THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policie8
Charlty Information
Criterion Theatr8 Limited is a private company Ilmited by guarantee Incorporated In England and Wales. The
registered office is Berkeley Road South, Earlsdon, Coventry, West Midlands, CV5 6EF, United Kingdom.
1.1 Accountlng convenllon
The accounts have been prepared in accordance with Ihe charity's governing document, the Companies Acl 2006
and °Accounting and R8POrting by Charitl8s: Statement of R8comm8nded Practic8 applicable to chariti8S
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 1021" (as amended for accounting periods commencing from 1 January 2018>. Tha charity is a
Public Benefit Entity as defined by FRS 102.
Th8 charity has taken advantage of the provislons In tha SORP for ¢harStles applying FRS 102 Update
Bulletin 1 not to prepare a Statemenl of Cash Flows.
The financial statements are prepared In sterling,which is the functlonal currency of th8 charity. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the
revaluation of freehold properties and lo include investment properties and certain financial instruments al fair
V8Iu8. The principal accounting polici88 adopted are set out below.
1.2 Golng concern
At the time of approving the aocounts, the trustees have a reasonable expectation that the charity has adequate
resourcas to conlinue In operational exislence for the foreseeable future, Thus the trustees contlnue lo adopt
the going concern basis of accounling in preparing the accounts.
1.3 Charitable fund8
Unrestrlcted lunds are available for use al the discretion ot the trustees in furtherance of their charitable objectives
unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors thal Ihe capital must be maintained by the
charity.
1.4 In¢omlng re•ource8
Income is recognlsed when the charlty is legally entitled to it after any performance condilions have been mel,
the amounts can be measured reliably. and it is probable that income will b8 received.
12

CRITERION THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
(Continued)
Cash donations are recognised on receipt. Oth8r donations are recognised once the charity has been
notified of the donation, unlass performance ¢onditions require d8f8rraS of the amount. Income lax recoverable
In relation to donations received under Glft Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on recelpt or otherwise if the charity has be8n notified of an impending dislribulion, the
arnount is known and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset.
1.5 Re8ource8 exponded
Liabilities are recognlsed as expenditure as soon as there is a legal or constructive obligation committing the
charlty to that expenditure, it is probable thal a Iransfer of economlc benefits will be requir8d in sett18ment and
the amount of th8 obligation can be measured reliably. Expenditure is accounted for on an accruals basis and
has b88n classilied under headings that aggregate all cost related to the category. Where costs cannot be directly
attribuled to particular headings they have b88n allocated to activities on a basis conslstent with the us8 of
resources.
1.6 Tanglble flxed asset8
Tangible fixed assets are inltially measured at cosl and subsequently measured at cost or valualion, net of
depreciation and any impairment losses.
Depreciationls recognised so as to wrile off Ihe cosl or valuation of assets less their residual valu8s over Iheir
useful lives on the following bases..
Land and buildings
Compuler equipment
Fixtures. fittings & equipment
2°A on cost
33°/o on cost
150/0 on cost
The galn or loss arising on the disposal of an asset Is detemiined as tha diffarence botween the sale
proceeds and the carrylng value of Ihe asset, and is recognised in net incomellexpendilure) for Ihe year.
1.7 Impalrmenl of flxed a88018
At each reporting end data, the charity reviews the carrying amounts of its tangibl8 assets lo delermine
whether there Is any indlcation that those ass8ts have suffered an impairment loss. If any such indication exists,
the recoverable amount of th8 ass8t 18 estimated in order to detemine the extent of the impairment loss (if any).
1.8 Stock8
Stocks are stated al the lower of cost and estimated selling price less costs to complete and sell. Cost
comprises dir8Ct materials and. where applicable. direct labour costs and thos8 overheads that have been
incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nomlnal
consideralion are measured the lower ol replacement cost and cost.
Net realisable value is th8 estimated selling price less all estimated cosls of completion and costs to be
incurred in marketing, selling and distribution.
1.9 Cash and caBh oquivalent$
Cash and cash equivalents include cash in hand. deposits held at call with banks. olher short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in curr8nt liabililies.
13-

CRITERION THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng policies
Icontlnued)
1.10 Financial in8trument8
The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and S8Ction 12
'Other Financial Instrum8nts Issu8s' of FRS 102 to all of its financial Instruments.
Financial instruments are recognlsed In the charitrfs balance sheet when the charity becom8s party to th8
Contractu￿ provisions of the instrument,
Financial assets and Ilabilities are offset, wilh the net amounts presented in the financial statoments, when ther8
Is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basi8
or to realise the asset and settle the liabllity simultaneously.
8a8ic linAnclal a880t8
Basic financial assets, which include deblors and cash and bank balances, are initially measured al
transaction price including transaction costs and are subsequ8ntly carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transaction, wh8r8 th8 transaction is
measured at the present value of the future r8C8ipts discounted at a market rate of interest. Flnancial assets
Classih'ed as recelvabla within one yaar are not amortised.
Ba8lc Ilnanclal Ilabllltle8
Basic fi'nancial liabilities, Including creditors and bank loans are initially recognised at transactlon prlce
unless the arrangement constitutes a financing transaction. where the debt instrument is measured at Ihe presenl
value of the future payments discounted at a market rate of interest. Financial liabiliti8s classified as payable
within on8 year are not amortiS8d.
Debt instruments are subsequently carrled at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classlfied as current liabilities if payment is due within on8 y8ar
or less. If not, they are pr8sent8d as non-currant liabilities. Trada creditors are recognised initlally at transactlon
price and subsequently measured at amortised cost using ihe effeclive interest melhod.
Derecognition of flnanclal Ilabllltle8
Financial liabilities are derecognised when Ihe charity contractual obligations expire or are discharged or
cancelled.
Crftical accountlng 08tlmate8 and ludgemonls
In the application of the charity accounting policies, the trustees are required to mak judgements, estimates and
assumptions about tha carrying amount of assets and liabilities that are not readily apparent from other sources.
The estimales and associated assumptions are based on historical experience and other factors Ihat are
considered to be relevant. Actual results may differ from Ihese estimales.
Tha estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are r8cognis8d in the period in which the estimate is revised where the revlsion affects only thal period,
or in Ihe period of the revision and future periods where the revision affects both current and future periods.
14-

CRITERION THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Donalion8 and legacie8
Unrestricted
Unrestricted
Fund8
Fund8
2024
2023
Donations and gifts
4,546
4,546
4,864
Charitable actlvltle8
Productlon and
Member8hlp
Fees
Other
Total
Total
performance8
Income
2024
2023
Box office sales
43.626
43,626
51.717
Subscriptions
Drama class
5,920
5.920
2.657
3.113
5,862
2,472
7,201
2,515
2,657
Sundry recelpis
Lottery
Bar Sales
3,113
2,315
33.017
2.315
33.017
32.580
46,280
5,862
42,296
96,5491
106,893
Legacy
306,637
306,637
64,406
Interest r•celvable
Unre8trlcted
Unrestricted
Funds
Funds
2024
2023
Interest Received
1,135
882
15-

CRITERION THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Charitable a¢llvltle8
Productlon and
Other
Total
Total
performances
charltable
2024
2023
Script Costs
Wardrobe
1,075
2,800
1,520
2,926
3,524
3,664
2,500
1.075
858
2,800
1,520
2,926
3.524
2.887
731
Properties
Publicity
Royalties
Set constructlon
2,983
7.151
3,664
2,500
1,878
9,406
2.700
2.413
Lighting and sound
Music and bands
Sundry production costs
4,093
4.093
22,102
22,102
31,007
Share of support costs (see note 7)
Share of governance costs (see note 71
90.386
90,386
67,166
22,102
90,386
112,488
98,173
Analysis by fund
Unrestricted funds
22,102
22,102
90,388
90,386
112,488
112,488
For the year ended 31 December 2023
Unr•8trlcl•d tund8
31,007
67,166
67,166
98,173
98.173
31,007
16-

CRITERION THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Support costs
Support
C081
Governance
2024
2023
Ba8ls of
Costs
Allocatlon
Depreciation
Bar and coff88
20,894
17,494
20,894
20.934
Actual
17,494
255
17,682
420
Actual
Room hir8
255
Actual
Waste disposal
Licens8S
Actual
945
945
1,404
1,875
Actual
Rates
2,417
12.288
1,208
5.189
16,241
1,106
2,417
Actual
Llght and heat
Telephone
Insurance
12,288
1,208
5,189
9,552
1,762
4,792
Actu81
Actual
Actual
Repairs
Website expenses
Sundry expenses
Bank charges
Development Costs
Accountancy and legal
16,241
1,106
4.095
3,017
766
Actual
Actual
4,095
259
2,513
268
Actual
259
Actual
7,740
7.740
1,170
60
Actual
Actual
90,386
90,386
67,166
Analys8d between
Charitable activities
90,386
90,386
67,166
Tru8tee8
Tru8tee8' remuneration and benellt8
There were no truste8s' remuneration or olher benefits for the year ended 31 D8C8mber 2024.
Trustee8' exp¢n8•8
During the year. the Charity reimbur8ed expenses to the followlng trustees:
A Greene £1.373 in respect of scripts and produetlon expenses (2023-£935)
K Sowerby £1,250 in respect of admin & development costs (2023- £1,229)
C Flrth £219 In respect of publicity and social activft (2023 - £35)
S Sharpe £522 in respect of set construction and ma
J Elve8 £0 In respect of social aclivity {2023 - £0)
ntenanee (2023 - £0)
Th858 transactions were all conducted at am's length.
17-

CRITERION THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Employee8
The average monthly number of employees during the year was:
20223
Number
2023
Number
Total
10 Tanglble flxed assels
nd and
bulldlng•
Compul•T
•qulpmMt
Flxtur•8,
Ilttlng8 &
•qulpment
Totsl
Co81
At 1 January 2024
228.924
3,787
201.936
434,647
At 31 December 2024
228,924
3,787
201,936
434,647
Depreclatlon and Impalrment
At 1 January 2024
Depreciaiion ¢harged in the year
41,202
4,578-
3,787
139,415
16,316
184,404
20,894
At 31 December 2024
45,780
3,787
155,731
205.298
Carrylng amount
At 31 December 2024
183,144
62,521
250,243
At 31 December 2023
187,722
46,205
229,349
11 Stock8
2024
2023
Raw materials and consumables
2,608
2,730
12 Oebtors
2024
2023
Amount8 falllng due wlthln one year:
Prepayments and accrued income
18-

CRITERION THEATRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13 Crediiof8: amounts falling due within one year
2024
2023
Accruals and deferred income
648
1.756
14 Related party transactlon8
There were no dlsclosabla rslated party transactions during the year {2023 - none).
19