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