2025-03-31-accounts

Charity registrntioD bllmber 1165519 (England and Wal&8) CHEQUER MEAD ARTS AND COMMUNrrY TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CHEQUER MEAD ARTS AND COMMUNITY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustee5 Cllr. F Obsorne 1ex-chairm8￿I Cllr. J A Mockford S G Cole lindepettdentl Cllr. H Farren Ichaimian) N S Gibson lindependtrtttrreasurer) Cllr S Barnel¢ Cllr T Hughes Charity nllrnbtr 1165519 Registered offEtt Chequer Mead Theatre DC La Warr Road East GTinstead RH193BS Indepcndent examiner Darren Harding ACA FCCA DChA RiGhaTd Place Dob50n Services Limited Ground Floor 1-7 Staiion Road Cr&wley West Sussex RHIO IHT

CHEQUER MEAD ARTS AND COMMUNITY TRUST coiYrENTS Page Trustees, report Independent cx¥rninetrs rerK>rt Statement of fin￿Cial activities B￿￿J1¢e s[￿et Statement of cash flows 10 Notes to the financial statements

CHEQUER MEAD ARTS AND COMMUNITY TRUST TRUSTEES, REPORT FOR THE TrE4R EIVDED 31 hL4RCH2025 The trust¢¢s wesenttheir annu￿ T¢Wrt and fllwjcial st&emenis for the year ended 31 March 2025. The financial 5tstthnents have been prepared in accordance with thc accounting policics set out in notr I to the tir]ancial statemenis and comply with the charity's CIO Foundation Model, the Charities Act 2011 and Accounting and Rtwning by Charitics.. Statetnent of Recommended PTaciice applicable to charities preparing their accounts in accordance with the Finan¢ia] Rewriing Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191" Objective$ and A¢tivitie5 The Charity's objects ar.. To advanc¢ pllblic eduration by fostering and protnoiing for the benefit of the public the improvement and dtveloptnent of artistic knoTh'ledge and taste, understanding and appreciation of the art5 and ¢raft8 among the inhabitsnts of the ATt& of Benefjt. To provide and as5jSt in the provi510D of community facilities foT recreatioll aT￿ otheT leisure occupation of the inhabitants of the A￿a of Benefit in the iniert8is of social ￿'elfare and w'ith the objeci of irnproving their conditioD5 of lifc in particular but not exclusively by the provision and rnailltenance of a CoTn]nuniryAns Centre. To ￿rther such otheT charitable PUTP)ses for the benefit of the inhabitants of the Area of Benefit as thc Managing Trusiees 5¢¢ fit from time to tim& To contribute to the quality of life of the people of East Grinstead and the w'ider area by expanding iheir horizons through the provision of exciting. ch311engittg and accessible professional gnd comrnunity arts even The rnain objectives tach year are thc promotion and fosteFittg of artistic knowledge and the appTtciation ot the art5 by the provision of facilities for the cducaiion and entertainment of the public in the fields of arL craft, TnU8iC and dram& The strategies employcd to achiev¢ the Charity's objects 3r¢ to.. Offer opwrtimities for 3 broad range of sections of the comtnunity to get involvd in arts and perforrnanct activiti¢s exploring a￿d developing their creativ¢ skills and potentiaj., Provide facilities for amateur and professional artists to develop. ATnateur groups are given discounted Tat¢s foT hire of space and access to PTofegsional adi'ice., Concentrate on involvirtg young ￿ople in the arts to help encouTa8e a culture in whith different age Tanges play a complementary pths; Celebrate the dii'ersity of cllliures in our Society by prograrnming presentations by, 8nd with. arti8ts of differettt cul. tural backgrounds, and prestntinga broad Tangt of arts ￿OrkS. Create and tnaintain parthership5 Wlth local orgaDisations and partners to maintsin dialogue and create new pmjects and opportiinities. P￿bItC benefli The trllstees havc paid due regard to guidance issued by the Charity Cotnmission in deciding what activities the charsty should undertake. Acfiviiies The threc rnajor areas of activlty are.. concerts and stsge perfortnanccs,. educational pro-grammes, and stutho hire5 for community group rehearsals and meetings. The artistic prograTnm¢ geeks ro combine amatrur community events together with profession￿ events includtng classical plays. light optr& music. ballet, artd dramatic modem perfO￿anceS to suit a range of pllblic tsste5 with tht emph&%i5 on rnairttsining a popular programme, which underpins the viabilitv of a Chequermtad that reaches out to the cornmunity. page I

CHEQUER MEAD ARTS AND COMMUNITY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YE4R ENI)ED 51 A£4RCH2025 Events Thc annu￿ Chrtstmas pantomime r¢tnaitL8 Chequer Mead's flagshtp even4 from Eoth a finwlcial and a wmmurtity perspectiv Following the enomou5 success of the fiill in-house prodllction. 'Snow Whit4 the Trustees decided to continue with in-hous¢ pantomime prodllction& and the December 2024 pantolliime. 'Beauty the Beast, continued the trend of suettssfi Christsna5 show4 improving revenue to previous y¢ar5. During the financi￿ y&qr. Chequer Mead Theatre in East Grinsiead successfully hosted a diverse arrny of shows that C4)tivat¢d audiences and bolstered cotnmunity engagement. Highlights included the family-friendly Big Easter Panto, which reflected a mellley of Classic pantomimes previously presented b). ChequeT Meal and a range of well know Tnusicians and comedians such as Pa￿ Youn¥ Marty Wilde. John Lydon: Lee Mead. Aled Jone5. Nick Heywgrl Martin Fry? Fr￿￿1¢ Boyle, Ben Elton and Hary Hill. The theatre's regular Comedy Club nights provided much-nteded laughter, while its jazz ev¢ning5 have a strong regular following. The diveTse range ot. west end singers, iconic tribute band8 psychic eveninJ and band and choir concens provide entertaintnent for interests across the community. Additionally, Chequer Mead teatured football Legend evenings for West Ham, ATsenaI and cryst￿ Palace which were hugely popular. Thest tvents contributed to Chequer Mead Theatrt's Strong repuration, reflected in its impressive 4.6 out of 5 rdting on Gooole TtipAdvisor. and 920/ts of Facebook reviews reco]ntnend us, indicating high levels of audience sattsfaction and community support. Despik cornmercia] PTe5sures to drive tiGket saics from popular siK>WS- our charitsble objects dictste that we are required provide a very wide Jnd baianctd programme of types and styles of events to suit the public needs. Therefort, all programrning is divided into eight different caiegorics of.- Music, Dance, Comety, Musicals & Dram4 Event Cinem4 Fatnily, T￿13, Film. Many of our Town and District Primary at]d secondary Schools continue to use Chcquer Mead Theatre for their plays and productions, at discounted hire rates. We look fotivard to this continuitjg as a key demonstration of how we can support the loca] communiry. We are also looking to introduce mott workshops to encour4oe children to participate in going tonvard. We have hosted many amatrur dramatic grou￿ al￿ there are a host of 8Jnateur youth dance sehools and groups that are now hiTing the theatre. We are happy to see more of these uroups choosing Chequer M¢ad &8 their vtnue and we want to strongly encourage more of these groups to choose Chequer Mead. The A]bro The Apron Bar and Coffee House started trading in September 2019 as an in-house subsidiary trading to provide an inicgrated and Infom)￿ structure for the provision of hot beverages, catering and bar operations. for events and ￿ a corttmunity provision at other times. Profits gencrated by the trading company arc gifted to the TTUSt as a charitsthle don&tion. The Trustees are happy with thc perfonnancc of the trading company. which fIni5hed the year 2024_2025 with a gross profit of £48.902 before the donation to the CIO (previous year a tradinu profit of £55,640). AfteT alltswance foT ILK'es. a donation of £48.90? was rnade io the CIO by the trading subsidiary following the year end (previo￿8 year a donation of £55,640). TheApron Continues to valued &88et to the community and goe8 from $treDgth to strength, supporting the work of the CIO. Wc strongly encourage rnembers of the tommuniry 10 cotne ￿Ong and enjoy it for themselves, whether it be lunch in th¢ garden coutyard. coffee and cake inside, or drinks from the bar in the evening. Volllntetrs Friends Our very loya] band of Sixty core volunteers eontinue to providc a marv¢llous scrvice to Chequw Mead operating the box ofic¢, as theatre steward5, and 8ellitt8 icc cream. Bar a¢tivities are now held within the trading subsidiary, and use of volunt￿5 th¢Te ha5 ceas&t Ch¢quer Mcad Premium Club.. for a rnod¢st yearly membership fee members enjoy a range of benefits such a5 ticket di8cowIts and discounts at the Apron. page 2

CHEQUER MEAD ARTS AND COMMUNITY TRUST TRUSTEES, REPORT (CONllNUED) FOR THE YEAR EM)ED 31 AL4RCH 2025 Athievements and perfomgnce GtDer&l Manager #ttd staffing The Trustees would like io extend their heartfelt thanks to 311 of the energetic current 3nd fomier staff. foT their ¢ftorts and dedication during the year. W¢ have built a new and very capable aroup of staff w'ithin the CIO. Staffing for the trading company Icmains acontirtuing challengc, in cotnmon with the rut of the hospitslity industy. The General Manager and new staff Ine[n￿[S conltnue lo prioritise the Safety and well-bc1￿0 of our staff and customers. whilst looking fon¥ard to buildin£ a new and engaging event schedule. With staffing now in place, we can strengthen and restore ow outreach to the Community. as well a5 re.focu8ing on necessary impTOVtments to the fabric ofthe building.. CAPital Invtstmtnt and building works The Trust remains a Icnant at Chcquer Mead. with the freehold being held by East Grinsiead Town Council. The Trustees, continuing objectiv¢ is 10 improve OT enhance the property ivhere this either incrtases the attracliveness to Cotnrnunity patrons or proi'ides a Cle￿ cost benefit to th¢ TTU8L Wlth the spin-off benefit Eh￿ the COTnmurrity ultimately owns an assEf of which the v￿ue is maintained and enhanced. Marketing braknding The Truste¢s' objeciivt is to deliver more effective and innovztive marketing in order to promote the brand furthw and to attract more agents, promoters, acls, hirers. cotnmunity gTQUPS, amatrur dTatnatic groups etc - &$ well 35 to drive this PTI)cess into increased ticktis S￿e8 and r¢veAue. Looking fonvaTd, social rnedi& digital m3rketing and targeted tmai15 have continued this year aDd will bccome ever rnOTe CTiti¢al io the rnarkeiing of the Theatre. howevei the two main traditional rnarketing iools remain the w¢bsi(e and the Venue Guide- of which two are now produced each year (Jan to June and July to DecemF£rl. Financial review Dursng the year the Trust rnade a profit of £2J.411 afier the &)JJation Tectivcd from the trading COTnpany (previous year's1055 £90.828). This shoH'8 thai after a re￿, years of continuing Ios5 the tn]st has no￿, athieved profitability 4oain. The building has unavoid2blc base-line costs, whether or not revenue is Ecnerated from events, frotn mandatory mainteny￿ce to insurance. The Trustee5 3re Krateful to Eagt Grinstead Town Council for Ihtir continued support 3nd allnU￿ grant. Chequ¢r Mead normally Tectives no othtr grants that 5up-wrt core rutjrting costs and ￿ to earn income to enable dJe theatre to be self- 5upponing in nortnal times. The TTUSI will continlle io make applications to grant funding bo(be8 to improve our existing faciliiies. Projert fimding will also be pursllcd to continut our programme of arts development and youth projed$ which were proving a popular additiop to oiir work. We had successfully obtairted 't￿lunCe back loans, of £50,000 each for the Charity and the trading c4)mpany duTing the pandemic, M'hich after an interesl-free period, continue to charge & very low Tatc of intere5L We have b¢¢n repaying approxirnately £850 per month, which is obviously reflected in the result for the period. The balance at the year-eDd for the Charity stsnds at £17,310 including interest {prtvious ye4T £27,388). page 3

CHEQUER MEAD ARTS AND COMMUNITY TRUST TRUSTEES, REPORT (CONTINUED) FOR THE ￿ EJWDED 31 AL4RCH2025 Going concern It is the Trustees, view that it is prudent to ensure thzt there are sufficient reserv¢s to provide financial flexibility over the cowge of each financial year. The policy sets a taruet of £150.000 in unde51￿ed r£8erves representing approximately six months, expenditure in the absence of any tvents or hires {as in the pandemiel. The target date for achieving the ￿get was Set &8 Marth 2024. This target has been reached with undesignated reserves being £153,366. Whilst the TtiJstees budgeted for a r¢bJm to profit for the year 2024-2025. we face lin common with the rest of the county) uncertainties around costs, particu]￿lY in Tespect of energy and logi8tlC5.' we also face uncertainty in respect of the potenti impact of infIation and interest rates on the discretionary sptniting of the iheatr¢-going public and room hirers. We TeTry￿n comfortable that we have adequate reserve5 to covtr the charity against unforeseen and indeterniinate rises in costs andlor reductions in revenue for the wming year and will continue to budget to be profirable for thc ytsr 2025-2026. After making appropTiate enquiries, the Trustees have a Teaqonable expectation that the Charity has adequate re-sources to continue in operational existence for the foreseeable fvture. For thi5 reaqon they continue to adopt the 80ing concem basis in prtpaTing the financial statements. Further detsils regarding the adoption of the going ￿ncern bL%iS Gan be found in the Attounting Policies. Struttur4 governaknte and rnanagement The Tn]st's affairs are overseen by the Board of Trustees. There is & mix of Council-appointd Tn]stees {"Nominattd Trustees.) and Independent Trustees, and the Trust's atTairs arc govemed by its Mritten Con8titt]tion which was revised and rc-adoptcd during the y&ir. Changts were to rcvise Bovemance, but not thc chaTity's objectives or operations. The Trustets tneet monthly. Nominees appointed by East Grinstead Town Council are subject to the appotntment process of this Eody and the guidelines on appointsnent to public office &8 they apply to loca] government nominees. Both Nominated and Independent Trustres arc vetted and interviewed by the Board prior to appointmtnL All appointrnents are for fixed krnis. It Is important to emph&%ise that the Chequer Mead Arts and Community Trust la Ch￿table Incorporated OTwisa-iionl is a to[￿[Y separate and independent leg￿ and trading entity frotn East Grinstead Town Council.. the Council is the 12ndlord and fre£hold Site and builditig 0*￿er. and appoints half of the Trustees. The ChaiTmao who Garries a C&8Ung vot¢ must be a Nominatcd Tru5t¢e. CheqllcT Mead ArL8 artd Community Tnjst j5 lega]ly b)und princikktly by the ChaTities Act 2011 - and is required to retort directly to the Charities Commission with an Annual Report including yearly actounts - as well a5 periodit211y on other administrative matters. The Trustecg who Served duting the year and up to the date of Signature of the firwiciaj statt]nents were.. Cllr. F Obsome lexthirman) Cllr. JA Mockford S G Cole (independentl Clir. H Farren {Chwmian) N S Gibson 1]ndependen￿[reasuTerI Cllr D Duly Cllr S Barnett Cllr T Hugh¢s (Resigoed 12 Deccmber 2024) page 4

CHEQUER MEAD ARTS AND COMMUNITY TRUST TRUSTEES, REPORT {coiYfJNUED) FOR THE YE4R EIVDED 31 AL4RCH2025 Recruiiment andtwpoinlmenl Dfirwrees Board dtcisions are usually unanitnous. In the event of a disagretment decisions are put to a vote of a $imple tnajoTity, with dissenting vicws recoTd¢d in the Minutts. The Chairtnan h&8 the casting vote. The day-to-dav running of the Twst ls the rcspon5ibiliry of the Genera] Manager, who is accountable io the Board of TTUStees and reports 10 the Board at each monthly meeting on operaiional 3nd financi￿ issiics. Each year thc GeneTJ MatJa8er Produces a detailed blldget in conjunction with the T￿￿te¢s, 3nd rwrts on ptrfomJance against budget cach month. Dttsiled policies are in place for discharging all tnatidatt)ry responsibilities le.& Health and Safety. Diversity, Safeguarding eicl. Risk m*ttagement The Board and General Manager h&% a risk managemeni strategy that tompri8es.' Identifying and recording the risk5 that the Ch￿lty may face in a detailed risk regisicr. Th¢ establishment of wilicie5. 5yStetns and procedures to mitigate those rssk5. The implem¢tJtation of pro¢edurcs desigDd to minimi5e an), wtential imtAci of the Charity should those risks materialise. Particlllar attention kn been given by the Tn￿tte5 to non-financial rigks ariging from health and safety and artistic programmcs. A Ley eletnent in the management of the financial Tisk is the setting of a re5erv¢s policy and its regul￿ r¢view by all Tru8iee5. The riskregister is freqllently reviewed Concl￿10￿ The year to 3 1st March 2025 characterised by both challenge5 and achievetncnts. With the bonus ot a profit of £21.411 the Trusiee5 and the Iw'ger community continue io see the benefit8 of the decisions rnade in 2019 and 2021 to bring the catering operaiion aTd our pantOmiTn¢ production in.house, while tnaiThtaiwng high-quality events and improving our service standards. The Truste¢s extend iheir heartfelt thanks to the GEneral ManageT and all of our staff for their iinii'averiDg efforts io improve the Chequer Mead experience 3nd furiher engage with ihe corntnunity. The leedback we Teceii'e clearly indicates that the ommunity oveTwhebnittgly 5uppoJts and values Chequer Me3d as an integra] and Vit￿ part of the tom￿. Lookin£ ahead to the 2025-2026 financial year, wt are optimistic atK>ui our prospecrs. We are implementing 5trattgic iniliativts aimed at increasing itvcnue and reducing costs, and we are confident thai these tfforts will Icad to a more stable fiTw¢ial POSjtion. The Trustee5 aTe dedicated to tnsuring that Chequer Mead continues to thrive and serve &q a cultur31 hub for East Grinstead. ILLL Cllr. H FaTren Ichairtllanl Trnstee Date.. page 5

CHEQUER MEAD ARTS AND COMMUNITY TRUST

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHEQUER MEAD ARTS AND COMMUNITY TRUST

I report to the trustees on my examination of the financial statements of Chequer Mead Arts and Community Trust (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.

I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity's gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS I 02[) ] in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on I April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

• I accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011.

• 2 the financial statements do not accord with those records[; ] or

• 3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities[(] Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part ofan independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Darren Harding ACA FCCA DChA

Richard Place Dobson Services Limited Ground Floor 1-7 Station Road Crawley West Sussex RHI0 IHT Date 21/11/2025

page 6

CHEQUER MEAD ARTS AND COMMUNITY TRUST STATEMENT OF FINANCL4L ACTIvrrJES INCLUDING INCOME AND EXPENDITURE Accou￿[ FOR THE YE4R ENDED 31 A£4RCH2025 Current financial ye4r Unrestricted UDre5tricted fuknds fund5 general designated RtstrÉcted funds Totgl Totsl 2025 2025 2015 2025 2024 Notts In¢0￿e endowments from= Donations aDd grants Chari In Housc Produtions Theatre OPCTations Studio Hire Tenant income Film & Events Cinema Investment5 Other income 71,809 29,349 101,158 132,660 246,080 95,861 90.470 61,882 4,634 8,049 142,560 246,080 95,861 90,470 61,882 4,634 8,Q49 142.560 164,514 61,415 65,466 76,595 4,103 7,645 59.148 Total income 721,345 29.349 750,694 571,546 enditure on.. Raising ti￿d5 hariiable act tit Theatre operat￿0￿$ 709,289 14,781 5.213 729,283 662,374 Total chxritY4ble expenditure 709,289 14,781 5213 729,283 662.374 Net incominglloutgoing) resources before trlnsfers 12.056 24,136 21,411 (90,8281 Gross transfers between 30,202 (30,202) Net incomlngl(outgoingl resourcés 42,258 16,0661 21,411 (90.8281 Fund balances at l April 2024 116,321 436,880 123,054 676,255 767,083 FuDd balance5 at 31 March 2025 158,579 422.099 116,988 697,666 676,255 The Statement of finaticial activities includes all gains and Iosscs reCO￿￿5¢d in the y￿. The statetn¢ttt of fiDaneial activitie5 includes all gains and losse5 Tecognised in the year. All ineome aJLd cxpertditure derive from continuing activities. page 7

CHEQUER MEAD ARTS AND COMMUNITY TRUST STATEMErir OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR TIIE YEAR EJVIJED 31 JURCH2025 Prior fin#￿tIll year u￿￿$trIcted UnrestrRcttd funds funds general 2024 Restritted funds Totsl 2024 2024 2024 Notes rneomt 2nd endowrynents f Donations and grants rable activities In House Produtions Theatre operation5 Studio Hire Tenant income Fsltn & Events Cinema Invesrments Other in¢otne 131660 132.660 164.514 61,415 65,466 76,595 4.103 7.645 59,148 164,514 61,415 65,466 76.595 4,103 7,645 59,148 Total incorne 571,546 571,546 eknditure Raisinu filnds Charita Theatre operation5 640.929 21,445 662.374 Total charitsble expendltsre 640,929 21.445 662,374 Net ineomiLgl{outgoing) resourees befor¢ transfers 169.383) {21,445) (90.8281 Gross transfer5 between fi2nds 48,101 (48,1011 Ntt ineomiknglloutgoinol reSoU￿tS (21,2821 169,5461 {90.828) FL￿d balances at l ApTiI 2023 137.603 506.426 123,054 767,083 FuDd balantes at31 March 2024 116,321 436,880 123,054 676,255 Thc statement of financial activitits intlude5 aIl gains and losses rccognised in the year. The Statement of financi￿ ¥tsvitie5 include8 all gains and Ioss¢s reco￿lSed in the yw. All income and expertditure ¢Jerive froTn continuing aciivilies. p4e8

CHEQUER MEAD ARTS AND COMMUNITY TRUST BALANCE SHEET ASAT31 M4RCH2025 2025 2024 Notes Flxtd issets -.ble assets Inv¢sttnents 13 14 503,252 10,000 482,962 10.000 513.252 492,962 Current g$$ets D¢btQT5 Cash ai bank and in hand 15 107,139 401,148 76,275 422,018 508.287 498,293 Creditors- amounts falling due within one y¢8r 17 (316,8951 {297,6891 Net eurrent assets 191,392 200,604 Totsl *ssets less cDrrebt liabilitie5 704,644 693.566 Creditors: amounts f&llikng due Y4fter more thsn one year 18 16,9781 Net gS5ets 697,666 676,255 The fullds of the cbarlty Restricted income funds Unresiricted tunds- general Unrestricted funds- designated 21 23 22 116,988 158.579 422,099 123,054 116,321 436,880 697,666 676.255 The financial statem¢nts were approved by the tTUSttts on.. Cllr. H Farren IChairTnanl Trustee Page 9

CHEQUER MEAD ARTS AND COMMUNITY TRUST STATEMENT OF CASH FLOWS FOR THE YL4R EJVDED 31 hURCH2025 2025 2024 Notes Cash flow5 from operating atti¥itie5 Cash 8CneYdttd frotD operations 28 30,55) 91,033 ILve$ting actisryties Purchase of tsngible fixed assets Investment ineome received (49,3961 8.049 7,645 Net (ustd Tnvgenerated from ibvestinu activiti (41.3471 7,645 Financing actrvitie$ Repayment of Ix)nowirtg$ (10.0781 (9,819) Net tash used in financing a¢tivitits (10,078) 19.8191 Net {de¢reaseVincrease ID eAsh and cash equivalents (20,8701 88.859 Cash and c&%h equivalents at begi[￿ing ofyear 422.018 333.159 Cash tash tquivalents at end of year 401.148 422.018 pagc 10

CHEQUER MEAD ARTS AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE ENDED 31 AURCH2025 Ac¢ouDting politles Chxrity information Chtquer MeadArts and Community Trust is 8 r¢gisteied Charitsblc Ino)rporated Organisation ICIOI. 1.1 Accounting £ottventioD The fi]wicial slaternent5 have been prepared in accoTdartce with the charitys CIO Foundation Model, thc Charities Act 2011, FRS 102-'The Financial Reporting Standard applicablt in the UK and Republic of Kreland-' I'FRS 102,1 and the Charitie5 SORP "Accounting and ReTK)rting by Charities.. Statetnent of Recomrnended Practice applicable to charities preparing their accountg in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Jrtland IFRS 1021 leffeciii'e l JanuaTV 20191. Thc charity is a Publi¢ Benefit Entity as defined bv FRS 102. The financial statetnents have dep8Aed froTn the Charities (Accounts 3nd Rwrtsl Rcgulations 2008 only to ihe extent required to provide a 1￿C and fair view. This departure has involved following thc Siaiement of Recornrncnded Practice foi charities applying FRS 102 rather than the version of the Ststement of R¢commended Practice whirh 1$ refeffcd u) in the Rt8ulaiions but which has since been withdraiN￿. The financial statements are prepaTed in stcrling. which is the functional currency of the charity. Monetary ajnowits in these financi￿ sraiements are Tound¢d to the nearest £. The firtancial statements have tten prepared under the historical cost convention. Tht principal aGwunting Jx)licies adopted are set out below. Prepargtion of CoDsolid2ted Financial Stst¢￿t￿ts The f￿nancial statements contain iThfor]naiion about Ch¢quer Mead Artg and Con]munity Trust as an individual charity lld do not contain consolidated f￿ancial infomiation Bs the parent of a group. The Charity is exetnpt from the qUTrttncni to prep8re consolidated aceounis on the b￿15 It qualifies as a small group. 1.2 Going conc¢rn At the lime of approving the financial gtatemenis. the trustees have a r￿￿Onable t%￿ctatIOn that the charity has adcquate resourcts 10 continue in OperatioT￿ exisience for the for¢￿eabIC future. Thus the trusiets eoniinue to adopt the going concern basis of accounting in preparinE the financial statetnents. Chsrlt&ble fund5 Unresiricted fvnds are available for use atthe distreiion of the tru5t¢es in fithherance of their charitable objectivcs. Designated Funds are unrestricied funds earmarked by the trustees for particular purpo8¢8. Rcstricitd funds are subject to specific conditions by dontsr$ or grantors as to how they may be used. Th< putposes and use5 of the re811icted funds 3re set oui in the rK>t¢s to the financial siatements. Incomt Income is re£ogniscd when the charity 15 le8a]ly entitled to it afier any wfotmance conditions hai'e been me¢ the amounis can measuT¢d reliably. and it is wobable that income will be reGeive(L pag¢ 11

CHEQUER MEAD ARTS AND COMMUNITY TRUST NOTES TO THE FINANCIAL sTATE￿[lYTs (cowrINUED) FOR THE YE4R ENI)EI) 31 J£4RCH2025 Accounting policies IcontiTJued) Gr8nt income provides fvnding to supwrt performance activitie5 and is recognised where there is entitlemcnL certainty of receipt and the atnount can bt measured with $uffi¢ient reliability. Income is defe￿ when adrnis5ion fees or performance related are rettived in advance of the perfonnants or eventts) whidi they rela*. Investment intome is reCO￿lsed0ll aTeceivables basis. Activities in fiwtherance of dwitable objtets includes thtatre operations. studio hire, in-house produGtion5 and teJ￿il income. ch￿itable In￿Me is r￿gniSed on th¢ date of the p¢rforn)Hnce or a% the room is hired. Do]]ation5 and similar incoming resources included in th¢ year in which they are receivabl4 which is when the clwity becomes entitled to th¢ re8OUTCe. Other Income Other income c4)nsists of Spektrix commission5, income from tnarketing and ￿$tage and ineoffte from the premiurn club. It is recognised in the accounts when the charity has earned ¢ntitlcmtnt to the incom4 it is probable the incon)¢ 11 be rectived and the amount cart k reliably measurtht Legacy Illrorne For Legacies entitlement is taken at C￿ller of.. - the d3tr on which the charity is aware thai probate hes becn gtanted. - the estate has been finaiis¢d and notification has been made by the executor to th¢ charity that a distribution will be - when distribution is received from the estate. Receipt of a legary, is whole or in par¢ is only considtted probable when th¢ amount can be reliably me&8UTed and th¢ charity has beeD notified of the executotrs intention to make distribution. Wher¢ le￿leS have been notified to the charity, or the ch8xity is aware of granting probate, and the criteria for income recognition have not bttn mel then the le8acy is treated as a contingent a5S¢t and disclos¢d if tnaterial. IS Exptlldi￿T£ Expenditure is rtcognisd once thcrt is a legal or construciivt obligation to transfer economie benefit to a third party. it 15 probable th2t a transfer of e£4)nomic benefits will bc required in settlcmetsL and the amount of the obligation cart b¢ measured rcli2bly. Expendittir¢ is cl&%sified by activity. The costs of ¢aGh activity arc made up ot the tots] of direct costs and shaTed costs. including 5UPPOrt Costs involved in undertaking each activity. Direct Costs attributable to a sinole activity are allocated dirtctly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to 2 single activity art ap￿rtiOned be￿.e£n those aGtivities on a basis wnsistent with the use of resources. Central staff costs are allocated on the basis of time speni aEd depreciation charues alloLXted on the portion of tht &%set's use. Liabilities are recogniscd as expenditure &$ soon &8 there is legal QT constrndive obligation eommitting the charity to that expendiLur< It is probable that a transfer of economic benefits will bc Tequired in settlemctst 2nd the arnount of the obligation can be measured reliably. Expenditure is acts)unted for on an accrLd5 basis and has been cl&%sified under headings that agJeJic a]1 cost related to the category. IlTrJere costs catjnot be directly attribllted to particuler headings they have been allocated to aGtivities on abasis Consistent with the use of resources. Allocgtion and apportlonment of costs Supp)n costs arc those functions that &8si$t the work of the charity but do not directly undertake charitsble activities. Support eosts in¢lude uovemance costs. page 12

CHEQUER MEAD ARTS AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE FEAR ENDED 31 M4RCH2025 Accounting polities {Contillued) 1.6 Tangible fixed a55ets Tangible fixed asstis are initia]ly tneasured at C05t and subscquently TllE3sured at cost QT valuation, net of depreciation and any impairDieni losses. All assets costing more than £1,000 are capitalised at cosL Tangible fixed a55ets are stated at tost Ics8 depreciation. Depreciation is provided at rate5 ca]cula(ed to wThte off the cosi Itss estimated residual value ot ca¢h asset over its expetttd usetul life, ￿ follows.. Le&%ehold itnprovements FixtU￿S, fittings & equiptn¢ni Cornputtrs Over Ihe tern] of thc lease 10-33/D p.a Straight line I￿330/0 p.a. SIr￿ght line The gain or 1085 a115ing on the di5P05d of an a55et is d¢tern)irted ￿ the differenct between the sale proceed5 atd the carrying value of ihe a55¢1 and is recogni5ed in the 8iatement of fi[￿le1a1 a￿ivitIes. 1.7 Fixed asset investment5 Fixed ￿8¢t invesltnents 9re initia]ly meaqured at tratsaction price excluding transaction costs, and ￿e subsequently M￿ured at fair value at each re￿rtIng dare. Ch3nges in fair value ar2 reco￿lSed in net 2ncomdlexpenditurel for the ear. Transaction costs 8re eX￿nSed as incurrcd. A subsidiary is an entits, eontrolled by the charity. Control 15 the p0￿'tr to govern the fjnancial and Oper￿1ng policics of the entity so Lq to obtsin benefits from its actii?jties. 1.8 Cash And eash equlv&lents Cash and cash equivalents include cash in harf deposiis held at call with banks, other short-term liquid investment5 with origir￿1 rnaturiiies of three months or less. and batik overdrafts. B￿￿k overdrafts are shown ivithin borrowuw in urrenl liabilities. 1.9 FTnanci*I Instrument5 The charit). has eSecled to apply th¢ provisions of Section I I 'Basic Financial Instrurnents, and Section 12 '0theT Financi21 Instruments Issues, of FRS 102 to all of its financial in5trL]rnents. Financial instruments are Tecognised in the charity's b￿anCe sheet when the charity, becoTn¢S party to the contraettjal PIOVlsions of the irtslrument. Financial assets and liknilities are offset, with the net atnounts presented in the financial statemenrs, when thcre is a legally enforceable right to set off the recognised amounts and there i8 an iniention to settle on a net basis or to reali5e the a55et and settle the liabiliry girnulNqneously. B&sicfinanciGI tsssets Debtors Trade and other debtorg are rteogni5ed at the stttlernent aniount dut aftcr any discount offered. Prepaytnetsts are valued at the k￿nOUn1 prepaid net of arty irade thscount offered. Br7sicfiNttntialliAbilifyes Crediturs 2nd provisions Creditor5 and provision5 arc recognised where the charity ha5 a prcsent obligation Tesulting frotn a past event that will probably Tesuli in the transfeT of funds to a third party and the aTnount due to Settle the obligation can be mt&sured reliably. Creditors and provi8ion5 are normally recogDi5ed at their settlement value atter allom'ing for any discounts offered. page 13

CHEQUER MEAD ARTS AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (cowfiNUED) FOR THE YEAR ENDED 31 J£4RCH2025 A¢¢ounting polities {Contilluedl Fin3ncial liabilities are dtsecognised when the chariry's contractua] obligation5 expire or art discharged or cancelled. 1.10 Taxation The charity is not subject to tOTPK>f3tion or any other taxes on ￿¢0￿¢ or gains arising from its Glwitable objectives. 1.11 Employee beknefits The costs of shon trmi employee benefits are recognised as a liability aJLd expens The cost of any unused holiday etJtit]ement is recognised in the ￿riod in which the employee's sery1C￿ ase received. 1.12 Retirenient benefits Post Costs other post-retirement benefits The charity Optrates a defined contribution ptnsion scheme. Contribution5 payable to tht charity's pension scherne arc chargtd to the Statetnent of Financial Activities in the period ts which they relate. 1.13 1rrecov¢rable VAT All re8OUTCeS expended are classified under aciiviry headings that gate all cosrs related to the cateuory. Irrtcoveydble VAT is chaJged agwnst the cattgory of resource5 expended for which it wa% incurred. 1.14 Operating L¢ase8 Rentals payable under operating leas¢s are Gknged against income on a Straight line basis overthe pcriod of the lease. Donated assets Goods dotjated for on-going use by the charity in CaTrying out its activities are recognised tangible fixed assets with the conesponding gain recogtused Is income from doTL4tions when goods are above the charities ¢apitali5ation limit of £1,000. Donated goods are M￿ured at theiT faiT valu¢. Volunteer time The charity makes usc of volunteers in carrying out the charitable activities. It 15 impractical to value the costs of the volunteer involvtd. No xtnount for volunteer time are included within the accowit& Critical a¢cDuntillg tstimates #ttd judgements In the application of the charity's accounting policies, the tntstees are rquired to make judgcmtnts, tstim3tes and &ssumptions about the ¢XTrying aJnount of &8seL8 and liabilities that are not readily apparent frotn other source5. The estimates and assoGiat¢d assumptions are b&qcd on historica] experience and other factots that are considered to be relei'ant. Actllai results may differ from these estimates. The estimates and underlyirtg assumptions are reviewed on an ongoing basis. Revisions to aecounttng estimates are recognised in the period in which Ehe estitnate is reNiscd where the revision affects only that perio(L or in the period of the revision and fvture periods where the revision affects both current and futtwe periocL8. page 14

CHEQUER MEAD ARTS AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS {coiYrtNUED) FOR THE YEAR ENDED 31 fvL4RCH 2025 Income from donations ¥nd legicies Unrestricted f￿lldS 2025 Restricted rund5 2025 Total Uhrestricttd fuDds 2024 Restricted f￿lld5 2024 TotAI 202S 2024 Donations and gilts Grants 1,809 70.000 29,349 31,158 70.000 62,660 70.000 62,660 70,000 71.809 29,349 132,660 132,660 Grants Other 70,000 70,0(XI 70,000 70,OOG 70,QOO 70,000 70,000 70.000 ChAritable ctlvities Studio Hire Tt￿allt Fllm & EveThts CiDern ProdutioDs OPeYa¢5ons 2025 2024 2Q25 2025 2025 Z02S Income froTll charitable 246.080 95,861 90,470 61,882 4,634 498.927 372,093 For th¢ y¢llr ended 31 March 2024 In Hoy5e PrtsdutitJDS Srndio Hire Te￿A￿t illiojtse Film & Ev¢Th CillÈttsa Toi*l 2014 operatio￿9 Income from charitable activitie$ 164,514 61,415 65,466 76.595 4,103 372,1193 Analysis by fund Unre5trict¢d fvnds- generaj 164.514 61,415 65.466 76,595 4.103 372.093 page 15

CHEQUER MEAD ARTS AND COMIIIUNITY TRUST NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YE4R ENDED 31 A£4RCH2025 Income from iknvestments Unrestrlcted Uknrestricted fund5 fvnds 2025 2024 Interest incom¢ 8.049 7,645 Otherincome Unrestritted Unrestricted funds funds 2025 2024 Booking protect income Postage Premiutn club 7,375 53,274 81,911 7,295 5,648 46.205 142,560 59.148 page 16

CHEQUER MEAD ARTS AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31 J£4RCH 2025 Expenditllre on Chxrttable activities Theatre OpeTati0115 Theat Operation5 2025 2024 Direct Costs Staff w8 Dcpreciation and impairment Production & Even15 tnanagcmeni Advertising IT, Repairs & Maintenance Siaff Training Daily running costs Oiher costs 319,871 29,106 32,690 157,402 43,554 306 132.757 1,542 261,151 33,620 15.765 138.563 35,585 167.528 717,228 652,212 Shgre of support and goverD&Dce costs Is¢e note 8) GovcTnance 12,055 10.162 729,283 662,374 Analysis by fund Unre5tritted funds- geneta] Unrestricted fUn￿- designated Restricted fijnds 709,289 14,781 5,213 640,929 21,445 729,283 662,374 Support Costs Support costs Governance Costs 2025 2024 Independent Examiners fE¢ Lega] and professional 3,763 8,292 3,763 8.292 2,438 7,724 12,055 12,055 10.562 At]alysed between Charitable activiti¢s 12,055 12.055 10.162 page 17

CHEQUER MEAD ARTS AND COMI￿[uNITy TRUST NOTES TO THE FINANCL4L STATEMEiYfs (CONTINUED) FOR TIIE YE4R ENDED 31 A£4RCH2025 movem¢Dt in funds 2025 2024 The net movement tn funds i5 Stated after charginWIcTeditLng).' Fees payable for the independent examination of the Gharity's financiat staternents D¢pr¢ciation of owned tsngibl¢ fixed ￿setS 3,763 29.106 2.438 33,620 10 Trnstees None of the trustee5 lor any persons conneded with them) received any retnuneration during the year and none of them were reimbursed 8￿Y expenses {2024- no expenses were reimbursed}. li Employees Th¢ av¢Tage monthly number of employee5 during the year was.. 2025 2024 Number Number Theatre management Tec[￿Ic￿ 8tsff Administrdtion Total Employment ttssts 202S 2024 Wages and 5a]ari¢s Social security costs Other pension costs 289.422 25.947 4,502 238,079 16,703 4.985 319,871 259,767 There were no employees whost at)nua] remutjeration was more than £60,IKIO. Remuneration of key managemtbt ptr50nnel The remuneration of key msn2gement personnel w&% &8 follows= 2025 2024 Aggregate wmpensation 35.228 54,463 The charity has a close working relationship with East Grinsiead Towtt Coun¢il. This body nominates the m40rity of tn]siee8 {scc the trllst¢¢s re￿rtI and provides fijnding to enable the charity to cary out its charitabl¢ activities. Grant irtcome rtrtived in the year tOt￿led £70,IKIO {2024.. £70,000). A subsidiary trathng eompany Cheq￿r Mead Trading Limited ￿8$ incorporated on 15 May 2019 artd began trading in September 2019. A donation of £55.64012024: £38.247} mad¢ frotn the trading subsidwy to the charity during the year. At 31 MaTGh 2025 £48.902 w&% owed io the charity from the trading subsldiary. pagc 18

CHEQUER MEAD ARTS AND COMMUNITY TRUST NOTES TO THE FtNANCIAL STATEMEiYfs (CONTINUED) FOR THE ENDED 31 J£4RCH 2025 12 Taxation The Charity is exempt from taxation on iL8 activities because all its income is applied for charitable pwses. IJ T8ngible fixed #ssets Lt￿hr1]dFtr￿rt4 fittill¥s & eqolpmtDt Cojnpllttrs Totsl Cost At l Aptil 2024 Adthiions 486,110 47,789 218,223 16,078 1.607 720,511 49,396 At 31 March 2025 533,999 218,223 17.685 769,907 Depr¢ciatiou #nd impairment At l Aprtl 2024 Depreciation charged in the year 86.455 14.781 136.647 13,612 14,447 713 237.549 29,106 At 31 March 2025 101,236 150,259 15.160 266,655 Carrying #mount Ai 31 Marrh 2025 432,763 67,964 2.525 503,252 Al 31 March 2024 399,755 81.576 1.631 482,962 page 19

CHEQUER MEAD ARTS AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENfs (CONTINUED) FOR THE YE4R ENDED 31 K4RCH2025 14 Fixed 8sset investments Other investments Cost orvAIu2tion At l ApTÉI 2024 & 31 M￿ch 2025 10,000 CarryRkng #mount At 31 MaTch 2025 10,000 At 31 March 2024 10,000 2025 2024 Other invcstments comprisc.. Notes Inv&stmtnts in 5ub5idiaries 27 10,000 10,000 IS Debtors 2025 2024 AThoDnts falling d￿t within one year Trade debtors Amounts owed by subsidiary undertaknngs Other dcbtors Prepeyments and at¢n]ed income 1.060 65,718 18,180 22,181 4.082 48.179 24,014 107,139 76.275 16 gnd overdrafts 2025 2024 Other logns 17,310 27,388 Payable within one y¢ar Payable after one year 10.332 6.978 10.077 The iK)unce back loan with Natwtst bank w2S taken out durit)g the Covid-19 pandemic. The amount knrtowed was the n]ax aV￿lable of £50,000 at a fixed interest rate of 2.5tyA. The loan which is repayable fvlly within 5 ycars had no intertst chaTged in the first year and thereaftcr charged at the applicable rate above. page 20

CHEQUER MEAD ARTS AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMEiYfs (CONTINUED) FOR THE TrE4R ENDED 31 A£4RCH 2025 17 Creditor5: amouLts falling dut within one year 2025 2024 Note BoTrowingx Other L￿al￿On a[￿ social security Deferred inconie Trade creditors Other creditors Accruals 10.332 16.841 27.733 95,826 21,691 144,472 10,077 19.419 33.386 60,469 7,352 166,986 19 316,895 297,689 18 Creditors= #mounts falling due after mon thY4n one yegr 2025 2024 Borrowings 6.978 19 Deferr¢d thcome 2025 2024 OtheT deferred income 27,733 33,386 Deferred intome is Includ￿ in the financial 5tat¢ments Lq follows: 2025 2024 Deferred income is included within-. C￿￿etst liabilitie5 27,733 33,386 Movements in the year.. Deterred income at l April 2024 Released from previous peTiO Resources defcrtd in the ye4r 33,386 133,3861 27,733 33,386 Dcferred income at 31 March 2025 27,733 33,386 20 Retirem¢Tht be￿tfit schernes 2025 2024 Defintd contribution $cheThes Charge to profit or loss in re5PeCt of defined contribution schemes 4.502 4,985 pa8¢ 21

CHEQUER MEAD ARTS AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (coNfil￿ED) FOR TFTE YEAR EMIED 31 AL4RCH2025 20 Retirernent be￿tfit sclternes (Continued) The charity operate5 a defined contribution wsion scheme for all qua]ifying employees. The a%sets of the scheme are held sepa￿telY from those of the charity in an independently admittistered fun 21 Restrict¢d funds The restricted fimds of the charity cotnprise the unexTrendtd balanc￿ of donations and grdnts held OD tr￿8t subje¢t to specific conditions by donors as to how they may be us At l April 2024 Incoming res0￿ree5 Re50urce5 expended Transfers At 31 March 2025 EGTC Building Project Lighting fund 123.054 15.2131 (853) {29.349) 116.988 29349 123,054 29,349 {5,213} (30.2021 116,988 Previous Y￿r. At l April 2023 Ibtoming rtsources Resource5 expended Transfers At3J Marcb 2024 EGTC Bul¢ting project 123,054 123.054 EGTC Builditjg Project fund- This fund represents rnonie5 grdnted to the chaJity to carry out redevelopment work on the Lighting fi]nd - This fvnd reprcgenls rnonies granicd to the tharity 10 rcplat£ outdated tungsten theatre lightitig with rllodern. t￿¢r￿-t￿lC]¢nt LED lighting at Chquer Mead. page 22

CHEQUER MEAD ARTS AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEIR ENDED 31 JL4RCH 2025 22 Unregtricted funds- dt5igDat¢d Thest are unrestricted fi]nds which are material to the charitys activltits. At l April 2024 Resources eIpended Tran5frr5 At 31 March 2025 D0T￿ted Equipment L¢￿ebo]d Improvernertts 37,154 399,726 17.4311 17.350} 29,723 392,376 436.880 {14,7811 422,099 Previous ye4r= At l April 2023 Resource5 txpended TraD5ftrs At 31 March 2024 Donated Equipment Leasehold Improvernents Boiler Theatre Seats 52,015 413,613 20,IM]O 20.798 17.4301 113,858} 17,431) 1291 120.0001 120.6411 37,154 399,726 506,426 121,4451 148.101) 436,880 Theatre Seats Fund, RLK)m ch￿rg Fund and Screen PiojectOT fund all represents assets purchased with designated fimd income. The balanc£s are in line with the Nei Book Value of these a55ets. Leasehold improvernents fund represents amounts that have bttn spend on leasehold improvements out of the EGTC building project grant including the ?￿nY31 depTeciation ¢h3Tge. The boiler fund represents fvnds set aside by tht Trustees to upkeep the VM)ilers on a regular basi5. 23 Unrestricted funds Th¢ ￿￿eStrICted funds of the charity compiise the Unex￿nded balances of donations and grants which are not Subject io specific conditions by donoTS artd y2ntOT5 ￿ to how they mai. be uged. These include designated funds which have been set aside out of unrestricted funds by the trustees for specifiG pUT￿Ses. At l April 2024 Incoming resources Resources expended Tran5f¢rs At 31 March 2025 General fllnds 116,321 721,345 1709.2891 30,202 158,579 Prtvious year: At l April 2023 Incomin¥ resource5 Res0￿re¢S espeDded Transfers At JI March 2024 Unrestricted F￿d5 137,603 571,546 1640,929) 48,101 116,321 pAge 23

CHEQUER MEAD ARTS AND COmI￿uNITy TRUST NOTES TO THE WINANCIAL STATEM£Nfs (CONTINUED) FOR THE YE4R EIVDED 31 h14RCH2025 Akn21ysis of net assets betsveen funds Unrestricted Unrn5tiicttd Jbds funds geheral designated Restricted fllnds Total 2025 2025 2025 At 31 March 2025: Tangible &8SeL8 Investments CuTrent as5etsllliabilitiesl Long teTm liabilities 81.153 10.000 69,191 {6,978) 422,1)99 503.252 10.000 191,392 16.978} 122,201 153.366 422,099 122,201 697,666 Per bulttftteskeet 158.579 5.213 422.099 116.988 (5,213) 697.666 Unrestiicted Unr¢stricted funds fllnds general designgted 2024 Restricted fund$ Total 2024 2024 2024 At 31 March 20Z4: Tanoible assets Investments C[￿rent assetsl(liabilities) Long temi liabilities 46.082 10,0 77,550 436.880 482,962 10,000 200.604 123.054 116,321 436,880 123,054 676,255 25 Finxntial cornmitments> guxMTttt¢s and contihgent liabilities COntin￿¢￿t Liability The S106 orants ieceived from Mid Sussex District Council is Potentially repayable if wit1￿n 14 years the theatre facility ccases to be used for leisure activities OT if any other eonditlOll5 of the grant are not complied with. 26 Related p￿rtY transaetiokns Th¢ Glwity h&% a close working relationship with East Grinstead Town Council. Thi5 Eody nominates the niajority of trustees (sec the tTUStees report) and provides fjjnding to cnable the charity to tarry out IL8 charirable actii'ities. Grant income received in theyear tota]led £70,01)0 (2024.. £70.0001. A subsidiary trJding company Chequer Mead Trading Limited was incotpotsted on 15 May 2019 and beaan trading in Sepiembtr 2019_ A donation of £48,902 {2024-. £55,183) was made from the trading subsidiary to the charity during the year. Ai 31 March 202S £65,71812024.. £4S,1791 was owed to the ¢haTity from the trading subsidiary. page 24

CHEQUER MEAD ARTS AND COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YE4R ENDED 31 hURCH2025 27 Sllbsidiarie5 These financial statements are Separate charity financial statements tOT Chequer MeadArts and CommuDity Trust Details of the charity'5 5ubsidiarics at 31 March 2025 are as follows.. Name of undtrtsking Registered office Natu￿ of b￿SInesS Class of shares held O/• Held Direet Indi￿ct Chequer Me3d Trading Lirnit¢d De Lz Warr Road, Hot beverages. food & caiering Ordinary East GTinstead. and b2r service to benefii the W'est Sussex. image of the Chequer Mead Theatre brand. 100.00 RH193BS The aggregate Capit￿ and reserve$ and the result for thc year of sub5idiarie8 excluded frotn con801idation was as follow5.. Name of undertaking ProfJtl{iA)s$1 Capitgl and Reserves Chcquer Mead Trading LimiLcd 10,000 28 Cash generated from operntions 2025 2024 Surplusl{deficitl for the year 21.411 I￿,828) Adjustments for= Inve5tmenl income recognised in Statement of financial aciivitie5 Depr¢tiaiion and itllpairtnenl of tsngible fixed assets {8,0491 29,106 17.6451 33,620 Movements in working cY4Pital: Ilncreasel in debthrs Increase in treditors IDecrea8tllincrease in dtfcrred income {30.8641 24,604 15.6531 {3,201) 125.701 33,386 Cash generattd from operations 30.555 91,033 29 Anlllysis of changes In net funds At l April 21J24 Cash flows At31 March 21125 Cash at bank and in hand 422,018 120,8701 401.148 ans falling du¢ within one y& tnans falling duc after more than one year 110.0771 1255) 10,333 110.3321 16.978) 394,630 110,7921 383,838 page 25