Charity Rrfistration No. 1166010 Cwny WISE￿A No.(W92391IEn8land ar41 Wales) EAST RI(N14G THEATAE LIMrrED ANNUAL REPORT ANDVMAUDIVED HNANOAL WATEMEri FOR THE YEAR ENDED 30JiINE 2024 BUSINESS ADVISORS 72 Lairgate 6everfey East Yorkshire United fingdorn H1117 SEU EAST RIOINGIHEATRE LIMITED COP4TEFirs Company Informètion Trusrees, report Independent exaffliner5 rew>rt Siaiement of financi81 auwviries Balance sheet 9-10 Notesto the financk31 statements 11-24 EAST RIOINGIHEATRE LIMITED COMPANYINFORMAIION Iru5tee5 Mi55 C H Wade Mr V Fegan Ms A E Cooper Mr5 H O HughE5 Mr M A Lijncaster Mrs K l Jorda (Appointed 22 September 20231 Mr D LGIad¥￿fft (Appoin￿d l February 20241 Chartty mjmber 116WJ20 Companynumber 08092391 RegIste￿d￿￿te 10 Lord Roberts Road 8e¥erley Ea5tYork5hire Unitet Kingdom HL117 9BE Independent examlner TC Group 72 LaI￿ate 8e¥erfey Easi Yorkshire Unirert Kingdorn HU17 8EU EAST RIOINGIHEATRE LIMITED IRUSTEES. REPORTIINCLUDING DIREcfoRS' REpoirtl FOR TMEYEAR ENDED30JUP4E2024 Ihetrustees pr￿ent their annual report andrin3￿la1 staternentsforlhe yeai ended 301une 2024. The finanool 5totements have been prepared in occordaTrce with the accountingpolicies 5etout in note I tothe financial statements and cns. EAST RIOINGIHEATRE LIMITED IRUSTEES. REPORTIINCLUDING DIREcfoRS' REpoirtiicoffflNUEDI FOR TMEYEAR ENDED30JUP4E2024 Achlevernettts and perF(￿nCe Easr RidingTheatre opened its doors li t>et¢xnber 2014and has had great sutcess in presenting ttigh qualitv. profe55ion31ty produced dr3Th3 The thoalro a150 hosfs rnusic and CDrnedyeventS and providÉs fr3ining and development opportunities for communitiesin the EBst Ridingof Yorkshire. ERT 3 Yearstrategv During the year 2023124 trustees agreed 3 3YearStr3tegy_The r>Verarc￿inE ?dm of the Strategyis tts befinancially 5elf-5ufficient with no Jepletion of reserves. This airn was achieved in 2023124. Ihe 5trateyi covers the fDlIowingBre￿-. People prograM￿lnE Finance IT/Tech Go¥ernancE Marketing Ouire3ch ERT Truste￿ also agreed a 2 yearbudiet forthe pefiod from l JuNf 2024to 30June 2026 in supportof the Strate8Y. EAST RIOINGIHEATRE LIMITED IRUSTEES. REPORTIINCLUDING DIREcfoRS' REpoirtiicoffflNUEDI FOR TMEYEAR ENDED30JUP4E2024 ERT piesents high dass entertalnmentfromseveral sourtes.. In.Hwse Ptoductions-ln-houseshows are )r0d￿ed by ÉRT. 3ndall costs ard revenues are managed by £RT. The choice of what to proiknce is made by OurArtisriC Director in tonsulration the B￿rd. This yearERT hascreated two in.house shows- cOnfJ5￿ns and our Cyristmas p'oduttioTr Tood0￿ the Wola%. Aswclate Compar•le5-SHEproducrions are novi an 35SOClate company stoEing shows for knth adults and children. They also provide a regular comrfturtity theatreforadutsat ERT. Ourother a$S￿l8te£0Mp1AV Other Lwes also mnrrihiirpqin nijrrparh wnrk Incomlng Shows- ERTis a recei¥F)È house for sY¢ws produced byothercomoan*. Thtcompany has developed re13tionghiw with other cornpanies including thejahn Godber Ct>mp3ny and fhèatre Rarfal Wakefield_ Vislting companies receive a share of tx>¥office sales with EAT and cover al their own produnion c05t5. Festivals- ERT h05t5 festiva15, I￿lUding thE b￿n￿la1 Be4Èrley Pupppt Festival and Sta8e4Be¥Èdey music festival. Progr2mrring and planning fesrivals Sitg h the festN31 orsanisergand ERT £h3rge a fee for use ofthe buildiw and let￿nical staff. Muslc and Comedy- Hosting in¢omin8 MUSK. ¢omedyand spoker word shows pro￿deS3 more varied programme encouraginE those who might norotherwise attend the theatre as well as being financially beneficial to ERT These shows help to devplop and broaden Ou"aud￿n[e a5well a5 expanding it geographKally. with aud eyces often corning from Iurther 3fie d than regulartheètre èudiences. The ￿s￿li￿e ttrmP2nies and performers rete￿e a share of box oflice salès wrch ERT coverall their Own produrtion tosts. Clnema- In 2023124 ERT introdbced an eclert￿ oNem¥ proEramrneto broathn our offw. Leamlrg and Development- ERT isct)mmilted to devdopng talent ￿rtICUl￿vaM0ng joung people who would not otherwise have had the opwrtunrLV to eXper￿n(e theatre. and in devek)ping personal 5ki115 tyrough participation in didnid diid niU51E. Durin8 202312024 ERTur8diiised Lliiev suri7iei s(hvols IGI childieii arid youiig adull5. Recognition- The theatre has co"tinued to be a key ceTrtrefo"-heperforminE art5 in East Yorkshire. The Theatres Trust has stated thar-Easr IdingThe*re *as becomea valued and itrpDttènt culrur31 and soual asset'or BevÈdey since it opened in 2C14. operated by a charitable trust and prim3rilysTaHed by ¥olun-.eers. It provides local peoplè With at¢ess to theatre the arts. offering (pw>rtunitsesfor participation and engagement. It produces Itsown work and has a mlxed progyarnme oft1eatre. IlVernu￿c. comedy. poerry and orherfunctlts￿.- The recwl=lon of ERTS imrA)rt3nce has spread beyond the entert3inrneni world.The Huiifra1Th5' railway carriage de￿(tIng t￿e ￿or5 of Beverley has 3n irnage of ERTtogelher with those ol Beverley Min51eT and Beverley Westwood. Thi55hows how ERT ha5 rnade it5 tnark since 20J4. Re5ewve5 pDIicy It is rhe wlicy of Easi Riding The3tre ro hold a reserve ol ai least£lW.(KXI to mit--gaie the risks assooaied with income failingto tiateri3li5e. Ddring Z023124 the theatre was 10 ffl31ntain funés ol over f IW,O(M) but we remain vigilant to $uèrd against reduction below thts level. InveMmentpoli¢y and objeaives ERT holds cash in ils Current accounts and orl deFosiI. The truste￿ have adopied a prudenL fisk averse pdiry in respect of it5 cash thldings. EAST RIOINGIHEATRE LIMITED IRUSTEES. REPORTIINCLUDING DIREcfoRS' REpoirtiicoffflNUEDI FOR TMEYEAR ENDED30JUP4E2024 sk management Ihe irustees h3vÈ a dutyto identfy and rÈviewihe risks towhich the thariry Is exposed and io ensure appropriate ontro15 are in place to prO¥￿e reasonable a5sur3nceagainst fraud and error. part of the 0ry8tyngmanagernent ofthe tyganisation ERT hasproduced a risk regiqterto identify rhe key rigks it faces 3ncl indicate how each risk is maroged. The risk wster has been drawn in consuhatk?n with the ERT Br￿rd. key tnember5 of Staff and Yolunleer5. Each risk and its a550ciated rnitigations are monitored bythe Board and the ManaÉemeTrt tÈam to ensure they are properly manaEed and remain upto date and relevani.The risk r￿l$ler is formalw reviek¥ed annually by ihe Board. Future plans By 30 June 2024, ac'.ivKty had returned to pre-wndemil ￿Ve153nd the theatre is now rna ing Board skill set 2nd provide3 diverse Board. EAST RIOINGIHEATRE LIMITED IRUSTEES. REPORTIINCLUDING DIREcfoRS' REpoirtiicoffflNUEDI FOR TMEYEAR ENDED30JUP4E2024 0￿￿$•1￿181 strutbjve Ihe Board has overall aurhority and reSponsi￿lIty forthÈ manaEementof the￿ganisa11on. including the artistic programmeand rnaintaining its finanaal health. Day todayrnanaEement 15 delegated to the theatre manager. who in turn is supported by 3 of paid 3nd vdunteer staff. 1ndl￿p)n and trainin8 of r*wtrusiees Easr BidingTheatre puts in place bespoke induttion prrwkrammes for new tru5reek Related partks Noneof the Trustees receive remunÈratioD orothef benefitfrom thÈirwork as Trustees Any tennertion be￿'Èt￿ Irustee with a production Company, contracied actor. Ktrfomierc* exhibitormu5t be discbsed to the full board of trustees in the sarne wa¥35 anyither contractual re13tk?nship with a related party. In the turrentyearthe folk7wing trustees reported a connection". Mi55 C H Wade Thi5 1Sthe Se￿nth year of operation for ERTCaterinE Lmited, a wholNf owned 5ubsidiaryof East RidinE Theatre Limited. Ihe company was forrnetj to operate the bar and cafe facilities at ihe theatre. ERT Catering bmited donates its profits io East Riding Theatre Limited, Ur￿er GIft￿d rule5. The afftount rEceived durln8theYE￿ amaunted to£58,376. ThÈtrustees' rewrt Was approved bythe ￿3rd ofTwst*s. Mr D L Gla¢Trwin TrustÈe Oated.. IOJ3nuary 2025 EAST RIOINGIHEATRE LIMITED INDEPENDEMf EXAMINER'S REpoKr IDThETRU5TEESOF EAKf RIDING ThEATRE UMrrED I report to the trustees on my exaninètK)n (*thefinar*ial statements of EastRidingTheatre brnit*l (the charityl for the year ended 30 June 2024. RespOn￿ball1¢Sa￿ bèsts of rewt As the trusteesof the charity land also its directors for thÈ wrpDSes of tornpany lawl ytyj are respDn￿b1e fortt)e preparation of the financial statemenis in a(cordancewiih rhe rewirements of rhe Cornpanies Aci 2006 (the 2(X)6 Act). Having satisfied myself thai ihe finarKial sia*ft*nts of the tharity are w required to be audited ￿der Part 16of ihe 2006 Act arKI are eligible for independent ex3ThinatK￿, I report in"espect of my ex3mInat￿ of the charity's financK41 ststernentscarried out under Sèdion 145 olthe Chaiit1è5 Art 2011 Ithe 2011ArtI. In tatrying out my examination I h8ve followed all the applicable Thrertionsgfrjen bv the Charity Commisyon Lmder sedion 14515llbl of the 2011 ACL IndependEnt exaffliner's statement Since the ¢hariW$ gross income exceeded £250.￿ yourexaminw must be amemberoFa body listed in settion 145 of ihe 2011Act. I confm) that l am qualified to undertake the examination because i am a membei of ICAEW, %vhich is one of the listed bothes. I hawe complered rnyexarnin3thw. I conhrmthat no matrers havecorneto my attentionin connection with the xamination ￿lIng mecause to b￿l@￿e that in any material respect- accounting records %vere noi kept in re5Pett of the charity a5fequired by5ection 386 of the 21¥)6 Att,. or the financial Statements (lo not accDrd with thosere1￿￿S.' QT the financial statements do not complywith theaccounting reouiremerts of sediLX) 396 of tt)e 2￿5 Actother Ihan any reguirement rhat rhe accounrs ￿ve a true and fairview whith s not a rnatter cODsid￿d as part of an independernr examinarion- c Ihe financial $18iements ha* noi been ye￿red in accordarte wilh lh* meihods and prin0p￿S of ihe Statetnent of Recornmended Practice for aicounting and ￿porting by charities applicable to Iharities preparing their aCCOLJnts in atcordante with the Finèrtti31 Rew>rting StJ)d3rd applitable inthe UK and Rtwblic of Ireland IFRS 1021. I have no cancern5and have coffle 3tro55 noother matters in connection with the examination towh￿￿ atterrtK>n Should be drawn in this report in ￿dErtO enablea pri)per undefstanding of the finanaal statements to bE reached. TC Group 72 Lairgate 8everlev East Yorkshire HU17 8EU Unired Kingdom Dated.. 13 january 2025 EAST RIOINGIHEATRE LIMITED STATEMENT OF FINAf4CIALAcfiwnES INCWDING INCOME AND EXPEMDITURE Accouf4T FOR THE YEAR EAIDED30JUNE2024 Total Unrestricted Restricted lunds fund5 Total fund5 2024 2024 2024 2023 2023 Moles Income and endowmentsfrom: Donations legacies haritsble acrivitie5 Investments 61.443 410.3 726 61.543 450,439 726 43.343 258.47] 43.343 283,650 40,059 25,179 Other income 5.029 5.029 3.174 3.174 iotal kncome 477.578 40.159 517.717 304.990 2S.I79 330.169 Expenditure on.. 33 Charitable activities 473.334 425f4J 515.894 310.266 29.117 339.383 lotal expenditurt 4F3.367 42.SKJ 515.927 310.266 29,117 339,383 Ilet I￿￿￿e/[eXpendil￿eI and movement in funds 4,211 12,4011 1.810 15,2761 13,9381 19,2141 Raconclllatlon of futKk= Fund bakncesat i July 2023 110.646 11.782 J22.4Z8 IL5.9Z2 15,720 131.64Z Fund balan￿$ * 30 JwÈ 2024 114,857 9.381 124.238 110.646 11,782 122.428 Ihe statement of fina￿la1 actiVitk￿ irKlude5all gain5and Ios5e5 ￿￿O8￿15ed in the year. All irKornp and expenditure deri%e from tontinuing attivities. EAST RIOINGIHEATRE LIMITED BALANCE SHEEr ASAr￿ju￿￿Z021 2023 Flxed 8SSÈts Tangible 3s5eis Investments 4.OYJ Ico 12.274 Joo 4,150 12.374 Current assets Sto(k5 260 DpbtDrs 28, 149,652 16,334 136.579 Cash at bank and in hand 178,736 153,173 rgdltors.. amoyntsfallng¢w vlithln onq 17 158.6481 143.1191 Net currentassets 120,088 110,054 iotal assets less tutyent Ilabiiithes 124.238 122.428 Intomelunds Pe5tricted fuTrd5 19 9,3BI 114.857 11,782 110.646 Unresrricted funds 124,238 122,428 EAST RIOINGIHEATRE LIMITED BALANCE SHEErlC(hNTINUEDI ASAr￿ju￿￿Z021 Ihe compathy ￿ entitl￿ to the exernption from the autht re4uirementcontained in section 477 olthe COm￿nieS Act 20(￿, for the year ended 30June 2024. Thedirectors acknoW￿d¥e theiT reSpon￿bIlitieSfUr(ornP￿1￿ with the reguirements ofthe Companie5Act 2￿￿ with re5ped to *ctyJntin8 records and the preparat￿Tr ol ffnantNIl 5taietnents. Ihe member5 have not required the cornparyto Dbtainan audit olits finanihil Statements lorthe year in question in 4ccotdancewith 5ection476. Thesefinan¢ial statements have been prepared ￿ accordance wrth rhe kw￿L￿on5 applicable tocompanies subjecr ro the 5nYll companies regime. The financi81 statements were approved by the Trustees on iojanuary 2025 Mr D L Gladwin Ir￿Stee CompanyRe8istration Ng. 08092 10- EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPItS FOR TMEYEAR ENDED30JUP4E2024 Acawnlknepolltles Charity ihfomi*itin Ea# p.idingTheatre limited is a prNatec<*npany lirnited by gvaraniee irnwrporated in El￿10rd and Wales The re815tered office is 10 Lord Roberts Road. Beverley. East Yorkshire. HU17 9BE. United Kingdorn. 1.1 AcCtyJntintton￿flOn The financial staternpnt5 hale been w-pared in aciordatKewrth theihaTity's governing docufflent, theCOm￿nieS Att 2LK16. FRS 102 ￿be Finaniial Reptyting Stanthid appli(¥Je in ihe UK and RepublK of Ireland- l~FRS 102-1 and rhe Chariries 50RP'A¢counring and R¢wnin8 by Charilie5." 5t3iemenr of Recomryended Pra¢iice applicable io charities preparing their accounts In accordance with the Fil￿ncIal Reportin8 Standard alpliiable in the UK Appijblit of Ireland IFR.S In?). l*ffertn* I IxThuXry ?0191. Th* thtyrity is a Puhlit Rprtpfit FnityAg definpd hy FRS IOY The charity has tsken thntageof the prwsions in theSORP for thar￿￿ noi to prepa￿ a siatementof Cash Flows. The financial statemenis are pwared in sterlini Vjhich is ihefvnuional wrrencyof the tharity. Mor*rary amounis in th￿e financial statements are rounded to the Treare5t E_ The financi31 stat￿[nOThts try)arÈd under tho histoiiial lost tOn¥ention Tho printiP31 actOuntinE poI￿lÈg adopled are Set aut beli>w. 1.2 Going tonctrn Atthe time of apprown8 the fiT￿n(￿lI statements, thetru5tees have a rea51)natAe expecratKm thatthe charity has adequate resources to continue in operational existence forthefore5eeaMe future. Thu5thetrustee5 continue to adopithe Éoing toncérn basis of actountino in pwanngthe fina￿thI statements. 1.3 Chartsble funds UnresiriLied funds a[ea¥ailèb￿ use al Ihe diSLreiiDn the Lfusiees in luflheraiKe ol Llieif LlidriiaNè obieLiives. ReStr￿ted fundsare subject to specifit conditK)ns by(k)nor50r8rantors 35 to howthey may be used. The purposes nd USÈS of the restricted funds artrset out In thertotesto the linancièl statemÈnt5. Endoi¥meni funds are subiert io speclic Conditity￿ by4Jorm that thecapiial must be maintsined by the charity. 1.4 Income Incorne is reco8nwd *hen the ch3fiVi is entirW io ir after any performance Condi￿05 have been met, rhe amounts can beffleasured leliab￿. and it is probab￿that income ¥&ill bE re￿￿e￿. Cash donat￿5 are recogni5ed on receipt. Other lknation5a￿ recOgn￿ed once the tharity ha5 been notified of the donation. unless performaThce (￿ditionS require deferral of the amount. Income tax reroveraNe in ￿￿tIon io donation5 received under Gift Aid ordped5 olcol'enant 15 rv￿gniSed al the rime of the donation. EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 A￿￿￿8POlI￿Os ICwrlnu4dl Le8aue5 are reco8nised on receipt or otherw5e if the charity ha% been notified of an ifflpendin8 disiribuiion. Lhe amount is known. and recepr isexpecred. tftheamwni is known. the legary is ireated a5 a contyngpnt asser 1.5 Expendiiure Ewen¢Jiture is recognised wce there is a ￿Kar orconslrucr￿e obfigaiiw to transfer economic benefit 10 3 third parry. it is probab￿ that atransler OF ecanomit tr£nefiiS ￿11 be required in setdement. and the amountof the obligation can be measured reliab￿. Expenditure isclassified byactiwty.Tr costs of eath actvity are made up¢f the total of dirertcosts and sha￿d Costs. inclvdinE SVPPOrt co#s invofvedin undert*ing eath attwrty. Thrett costg attn￿￿tableto a single 3ttivity are allocated directly to that artfvity. Shared Costsvjh￿h Contri￿te to more than one activity and supwrt rx)sts ¥¥hich are noL attributable to a sIr￿e atiNityare apporrioned between tho5eanN￿e5On a ba515 consistent with the u5eof resource5. Central gtaff (￿ts ère3llooted on the basis of ti￿e spent. *d depreciation tharBe5 are allocatèd on the portv)n of ihe asseys use. abililies are rewgnised as expenditure as scthi asthere isa legal or c¢nsiructive obliÈation £ommithn8 the charity ro thar expendirure, it 15 probable r￿ta rran5ferof economic b￿ef￿ will be required in setilemeni and the amouni af thE obligatK>n can be measured TeliaNy. Expendrture I5￿[0U￿red fi￿ on an acuuals basi5 and has been classified undei headin85 rhat 3gsre8ate all cost related to the c3tegory. Whereiost5 Cann￿ be directly attributed to particularheadings they have been allocatedto ￿NItres0n a b￿$ tortsistent withthe use ￿ resourtes. 1.6 Tangible fixed?5sets Tangib￿ fixed assets are initially measured at costand subsequently ffleasured atC05t or valuation. net DI depreciatian and any itnpairrnent losse Depreciation is reCOgn￿e￿ so as to wrrte off rhe orvaluarion of assets less thtyr residual values over their u5elul lives on the folltr*ing base* Leasehold improvements Plant and equipment Fixtures and fitting5 Cornputers 33%on c051 33%on cost S%on c05t 3YAon cost The gbin or I￿$ ari&ng on the disposalof an assec is deteTmithed as the difference between the salt kyoteeds and rhp c3rryifbg valip of thp as%pi. and 1.1 Ipcreni%pd in ihp graipmpnr of ffinan¢ial artivitiP% 1.7 Fixeda5set investments Fixed asset Investments are initially rneasured at transact￿ p￿e excluding tran&xtK)n costs, and are 5ubsequentlv measured at fairvalue at each reporting date. Change5 in faiTvalue areretOgTri5ed in net incornellexpenditurel for the year. TransartKyn costs are expensed a5 incurred. A sUbsid￿ry is an entity tontrolled bythtr chèrity. cor￿01 i% iht powerrogovern the financk4 and operèting policies of the entity $0 zsto obtainbenefiis frorn itsacrifftie 12- EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 A￿￿￿8POlI￿Os ICwrlnu4dl 1.8 IMpawme￿ offued assets At each reporting etKI date. the tharity re￿ewS the GirryingarnDunts of it5 rangible assets todeterffline whether thÈrei5 8n¥ indicatien that Ihostrasset5 have 5uMered an irDJairtTrEnt1055. If any such indKation exi5t5, the recovèrable amount of ihe asset Is esbmaied in ¢rder 10 dethrmine t￿eXtent of the impairrneni loss lif anvl- 1.9 Stu(ks Stocks are stated at the k)￿raf c05t and e5tirnaled selling price ￿55 COSt5 to iorTWete and Sell. C05t cotnpr15e5 direct materials and. whereapplicaWe. dirett labour costs and Ihose overhead5 tl4t have bten incurred in bringing Ihe siocks to Ih*r pre*ni bcaiion and condibon. Irems held for disiribufion ai no or niyninal consideraiion ale measured the lowerof rep14cementcost and cost. Net realisable value 15 the estimated 5dling prKe le55 all e5tirnated costs of ￿￿VIPtion and costs to incurred in marketin& sellit*and dstribuiion. 1.10 Cash and cashe4UN31ents C?sh and cash equiyalents include cash in harbd. de[￿511$ hekj at call Wilh banks. other shon-temi liquid inve51rnems with on￿nal rnaturities of three monthsor kn. bank 0￿rdraft& Bank overdrafts are shown within borrowin85 in current liabiirfoes. 1.11 FlnanLial Instruments The charity has elected to applythe prowi5iot)50f Se(tK)n 11 Financial In5tnffnEnt< and Settion 12'(Jther FinèrKial Instruments Issues. ol FRS IQ2 to all of its finanoal in5trumEni5. Fina￿la1 instruments are re£oEnised in ihe tharity's balance sheet whw the charity becomes party to the contractual pro￿510n5 of the Instrum￿1. FIna￿la1 assets and141bilit*s are offset. With rhe net amoLM)ts presented in the finanoal starement5, when there isa legallyenfor(eable right to ser oft the recognised arrthnrs and there isan intention tosettle on a net basis or to reall￿ the asset and Settle the lia￿lityS1m￿lt3ne0USty- fr051cAIRondolo5sets 88sicfinantial 8ssets. whith irKlude debtots and osh and bank balances. are initklty measured at transaction price including rransartion costs and are subsequenuycarried at 3mMised cost usin8 the effettive interest method unless the arrangerneni constiiute5 a finanon8transactK>n. whe￿.her[ansa{1ion is measured at tlE presenr Iralue of the future recÈipts dtscthjnted ata mèrket rète of interest. Finènuèl issetsdassrf*d as rÈtÈW3blE within one yÈ3r are not amtsrtised. 13- EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 A￿￿￿8POlI￿Os ICwrlnu4dl Èu51cfJftuncknlllnbrlltks 835ic financi31 Iiabiliiies, including ueditor5 and bank loans are initialty recogni5edat tran5atlion prKe un￿55the arrangetnentconstitute5 a linanong ttaD5action, where the dpbt Instrument 15 measured atthe presèntvalue of thè future ￿yMentS dscwnted ai a markei raie of inieresi. Fin3r*ial1obib"lies das>fi￿ as payable wlhin one yearare not arnorti*d. Debt instruments arÈ sub5equenttyfcarried at arnDrti5ed co( ￿ngtheeffeC1Ive interest rate Thethod. Trade ueditors ire DbliEatKJns to pay for goods OrseThi￿S that have been acquir￿ inthe ordinarycourse of operatK)ns from SUppl￿r5. Arnounts payable areclasstfieda5 current liabil￿e& if payment is due Mthin one year or less. 11 nDI. Ihey dr¥ pre5¥ntEd d5 non£uii¥nt lidbilitlE5. Trdde IiEYlilow5 die rLrognised initidlly dt trdn5dCtiDn PlilE and 5ubsequentty rnea5ur8d at am(Ybsed c05t U51nE theeffective interest rnethod. FinuYK-ial liobilitlcs orc dcrcYogni5cdthcnthc tharirf5 contracrual oW¥ations cxpirc QTarc di%h4rgcd orunccllcd. 1.12 Enwltyee beneffts The cost of any unused hul1dayeniti￿Meni ts retDEni5ed in the petiod In whith ihe employee's servicesare received. Terminarion benefi15 are recognised imff*diaidyas an expwsevihen ihe charityis demonsiraw commitred io terminate the Etnplo¥mentof an ernpknyee Dr to pro￿de termination ￿neFIt 1.13 Retlvement bpnefft5 Payments to defined tontributK)n rÈtirÈment bÈDefit sthÈmes are char8Èd as èn expense as thèyfall due. Critical accountiw estimatesathj In the application of the charity'5ac£oJnting policie5, thetrLStees are required to tnake judgements, estitnates and assumptions about rhe carrying amount of assets and liabilitiesthai ale readily app3rentfrom othei sourtes. The estimates and 8ss¢ciored assumptionsare based on historical experientr and other factors that are c¢nsidered to be r¢￿vaTht. Acwal result5 may differfrorn these estimates. The estimates and undedwng a55ump1ians are re¥￿Wed on an ongoing basis RevsiOll5 to accounting estirnate5 are recognised in the penod Inwhith the estimate is tewsed where the reviyon affert5 only that period. or in the period of the wsion and future perilids wherethe wis￿n affectsboth curmt and future periods. 14- EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 IncDrne fr(ffi th)natlons and le￿leS T•tal lknrestricitd RestrittÈd T•tal d5 futhds nds lund5 2024 2014 zoz> zozj Donations and gifts 61,443 l(K) 61.543 43.343 43.343 15- EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 charftableact1v￿Ie5 Th••tr* Theatre 2024 2023 Ticket 5ale5 386,575 12.292 38.559 12.702 311 245,937 6.703 22,179 8.799 32 Ice cream PerfrurrnaD￿ related grant5 Sponsorships Merchandising 450.439 283,650 Analysi& by fund Unrestrirted funds- genera ReStr￿ted funds 410.380 40.059 258.471 25.179 450.439 283,650 Forthp yeorended 30JunÈ2023 Unrestricted fund5- gener ReStr￿ted funds 258.471 25.179 283.650 Performance retstsd 8rants Be¥eiley Cultural Network Easi R￿Ing of Yorkshire Council Beverley Town Council Hull & East Aidirychantabletrust D'oyly Carte Charitable Trust HAF Summer Grant James Reckitt Foundation Other 22.638 20,179 921 38,559 22.179 Grants re¢￿Ved Induded in incorne from tharftable are a5 di5dosed above. 16- EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 IncDrne fr(ffi iTh¥esbnents Unrestrthd UhrtstrietÈd lunds frjrds 2024 zozj Interest recty¥able 726 UnrestrKted Unrestri(ted funds fuTrJs 2024 2023 Advert151￿ RODM Hire and Commi5sion5 5,029 3.174 Expenditu￿ on rni5iry fvnds Unrestrkted UnrestrlctÈd funds futKIs 2024 20Z3 FundBlsInKa￿dpYbnoty Staging fundra￿1￿8 events 33 17- EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 charftableact1v￿Ie5 2024 2023 Staff costs DepreciatK>n and ifftpairment Rate5 and water 92,473 12,219 10.542 7.619 18.288 1.579 638 66,(X)2 18.WB 7,211 6.363 11.23S 13,6221 900 Insurance ght and heat Telephone Postage and Stationery Advertisin8 Sundr￿5 30.656 9,302 E 11 Bar and cafe purchase5 Cast and costume5 3.994 51,017 17.112 12,6d6 196.968 6.023 s￿72 12.182 35.583 2,785 38,361 12.075 12,653 122.354 1.682 4,477 4.725 24.(E6 Prop4 set de4n and building Stage tnanaEor DirÈrtion and production PRSand PPL licencefees Repair5 and Safety expenses Royahies Other Charita￿eexpendl￿re 515A94 339,383 515,394 339,383 Analysls by hjnd Unre3tricEed lund5- genera Restrtied funds 473,334 42.560 310,266 29,117 515,894 339,383 Forthe yearwded 30June2023 Unrestricted funds- genera RestrKted funds 310.266 29,117 339.383 18- EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 Net movwent kn 2014 2023 The net movemtnt in fundsiSStstÈd after(hawhyJlcrtdthY%)". epreciarion of owned ran8i￿ef￿ed assets Iz.z 18.1¥)8 10 Trustees Noneof the trustees lor any persoris connened with theml re(ewed any rernuneration or bpnefit5 from the charity during thE year. li Ernpknyvs The averase monthly Thum￿r of @m￿0¥e￿%￿Ur1ng t￿¥@3[ was.. 2024 NUffi￿r Number Theatre and caiering li li Emp￿¥me￿tc05t5 2024 2023 Wage5 and 5alanes Social security£osts Other pension costs 84,793 6,298 1.382 59.688 5,322 992 92,473 66.iY)2 There were no employees whose annual rernuneratKJn was morethanÉFA).(AI). 12 Taxatioii The charity 15 PXEThPt froffl taxation OTh its artI￿t￿5 becausÈall its irKomÈ 15 applied fOrCharitab￿ purposes. 19- EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 ij TanEtsle ftxedassets ToLIl Cost At l July 2023 A(klition5 12.903 129.394 3.677 6.956 4.470 153,723 3,677 At 30June 2024 12.903 133.071 6,956 4,470 157.4C Deprecl*loD and Impalrment At l July 202J Depreaation thar¥ed in the year 12.901 117.580 11,826 6.956 3,692 393 141.131 12.219 At 30June 2024 12.9D3 12g.4( 6.956 4.085 153.350 tarrying amounr At 30June 2024 3.665 385 4.(60 At 30June 2023 11,814 460 12,274 FIxeda5$￿ irThestments other InvestmeTrt5 orvaluatlon At ljuty 2023 & 30 June 2024 100 Carrwn8 amtyjnt At 30June 2024 ICM) At 30June 2023 100 ZOZ4 2D23 Other investments comprise". Investmenrs in subsid￿r￿S 100 EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 Sto(ks 2024 2023 5tocko) hand 94 260 16 Debtor5 ZOZ4 2023 Amowts falllngduewlthknor* yea Tradp debtors S￿81 17,438 2.671 2,501 10.659 3,174 Amounts owed by subsidory undertaknnES Prepayrnenis and accrued income 28,9 16.334 17 Credltoys: amountsf*Ilw4knwlthiD￿e year 2024 2023 other taxation and sociil security Trade creditors 4.291 16.896 37.461 2.587 3.$48 36,984 Othei creditor5 58.648 43.119 Retivement benefft 5chernes 2024 2023 ned ￿ntril￿tIon sthen*s Char8e to profit Dr k)s5 in res￿ of defined contribution 5chpme5 1382 992 The charit¥ operaies a defiThed coniribJtion pensb)n scheme for all qualiknn8 emF4oyees. The assets of ihe scheme are held separatety IroTh those of the charity in an independèntlyadmimistered lund. 21 EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 iy Restrfcted funds The re5tntted funds of the charty compri5ethe unexpert*Jed balances of donations and grants held on trust subject ro specific conditions by donors as to how they Tray be used. Atljuty 2023 In¢￿￿E Re5wY¢esAt 30June 2024 eMpeThded Horn(astle Famity FoundatlDn East R￿In8 ofyorkshire County Ceuntil- Marketing GrailL Beveiley Ti>wn Council- PartTrerGrant SIrJam￿ Reikitt Charity HAF Summer Grant 1,5Th) 15851 3.715 16.3501 14.5921 12.Lh)01 14.3301 12.3(K>l 250 1.908 3382 921 473 O'oyly Carte Chiritable Trust Hull East Riding Charitable frust Beveiley Cultural Network Other 700 22,638 122,3031 11(K>l 335 11.782 40.159 142.5601 9.381 Prevlokns yw. ReswrcesAI 30June 2013 Expended SclKJa￿hlp fund Kirk5tart Fun lJ,7(K>l 11.0441 14,9881 18.4881 11.3501 i? In41 12,5(M>l ERYCWarm Spate5 IAM Fund 4,988 ERYCC- MarkeiiThg Grant ERYfc- Vnliintgprs firAnt 3.950 14?71 Beveiley Town Council- Partner grant Sir JamL% Reckitt Foundatith) 5(K) HAF Summer Grani 10,624 16,7421 3.882 15.721J 25,179 29,117 11.782 EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 19 R45tritted fvnds ICwrlnu4dl Horn(3StlÈ Fami￿ Found3tion fundin8SUPWrt isth•&JmmÈr Schorl programme, providin8gchDlarships and covering some efthe Sumn*rSthool Costs. The D'OOeQrte Chaiirable Tvusr ga¥e a yaot to help fund Our￿mm￿ 5chod 2024 and Youth Ambassadors programmes. Hull & E45t Ridiry(haritablpTru5t- a grant awarded to helpdeli¥erour"youn8 playwriBhts' Sumrnerschool. Children aged 7-11 were ewed in vKiiing their(FWn play. k*rformir¥with professional actors and de￿gnIng and tnakinB sets and costutlle5. Beverley Cultural Network- ERTwas W apF4icanr fora grantto piloi a heMrking oreanisètyon for rhe cultural sector in Beverley. The grant was awarded by the UK Shared PrDspertyFund and the project was succecsfulty delivered and th> evaluatian h35 been actepted bythe lunder East R￿Ing of Yorkshire pr(Y4ide an Art5 grant to helpwith rNarketin8costs. Beveiley Town Council atiepled ERT￿ tL5 SlwategK Partne￿hIPsschetTre, whKh prO￿deS fuTrdi￿ on a 3-year rollin8 Si5. The first gTant wag retwved on 29June 2022. SirJaM* Reckitt Charity have proYi(led furwJirEfor corÈcosts to 5UPW>rt our ongoing In-hou5È produttM)ns. maximise income generar￿￿. rebuild audientrs ond create r*ewones. Connect and eng8ge With yovng people. and aS￿stwIth our ir,tergenerational volunteer prL¥ramrne.The fund5 are cornfflittedto a writing comm15sion for our 2023 Chri5trna5 production. Twc youn8 peO￿e will be en￿a￿d inthe wadu(tion. Holiday AcrDiities Fund- delNered ERYL Thislund5 summer 5tho(A actwitE5 fora8es 7-11 and include5 lunch. oihei reserves ¢ompri5e varievs individual dty)otswtrM) ha¥Èger*roustyilonated to ERT. to fund oui yjmmer xhwls and other Education and ￿treaCh projects. 20 UMe5tsicted fvnd5 The unre5trKted fund50f thp Ihartycomprise unexpefided balance50f donation5 and grant5 whichare not 5ubjerttQ specific condition5 by dDnor5 and grantDf5 asto hDwthey may be u5Ed.ThE5e indude de%gnated fund5 which have been sei aside our of unresiricted furds by rhe iwsiees for specific wrwses. At1J￿Yl0 IrKDrnif¥ Res(wrLE5 TranSle￿ At 30June 2024 General funds 110,646 477.578 {473,3671 114.857 -23- EAST RIOINGIHEATRE LIMITED NOTESTO THE FINANaAL StATEMEPITS ICOPfflNUEDI FOR TMEYEAR ENDED30JUP4E2024 io Unrestyi¥-wl lunds ICwrlnu4dl At I JL4y 2012 Ir*omiry Resource5 Tran51etsAt 30 June 2023 Provis￿ for P￿￿uCtK)ns General funds 32.212 83,710 132,2121 32,212 304.99) 1310.2661 110,646 115.922 304,99] 310.266 110,646 East R￿1ngTheatre produces it5 Dwn showsand this carries a substantial risk. Exh show hasto be funded up front and lost5 will On￿ be covered rfthereare 5uffioentticket5aes or project grants. Therefore, Ihe directors have adopled a new policy of designating funds tsj coverbudgeted production costs within the next fcurfflorths. No produciions were planned wthin 4 mwths of 30June 2024.$0 no rese￿￿ is required. 21 Analysis ol net a55et5 betwYenfund5 Total Tthl 2023 2024 2024 2014 Fund baknces at 30 lune 2024are rewesented bv". Tafvgib￿ assets Investments 4,050 12.274 100 110.054 ILXb JIO.707 9.381 120.088 I14￿S7 9.381 124,238 122,428 22 Related partytransaclio There were dl5dL&ib￿ rplated partytran5acbon5 during theyearl2023- ThJnej. 23 Sub5idlariE5 Detai15 of the chartty's sU￿d￿ne5 at 30June 2024are as fdk)w5'. Name of vndertaklng Class of % Meld offKe shares held Direct Indlre£l ERTCaterinE Limited Engtsnd & Wales Barand cafe fxlilies Ordinary 100. -24- This document was delivered using electronic communications and authenticated in accordance with ihe registrar's mles relating to electronic fomi, authenticatior and manner of delivery under sectioi) 1072 of the Companies Act ?006.