2023-12-31-accounts

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					Page
Trustees' report
Reference	and administrative			details
Structure,	governance	and management
Objectives	and activities
Review of	achievements		and	public benefit for the year	10
Financial review and results for the year					16
Reserves policy					18
Fundraising	policy				19
Investment	policy				19
Plans for future years					20
Statement	ofTrustees'	responsibilities			22
Statement	of disclosure		to auditor		23
Auditors' report					24
Consolidated statement of financial				activities	28
Charity statement	of financial		activities		29
Consolidated and	charity balance sheets				30
Consolidated and	charity cash		flows
Notes to the financial statements					32
2023 Season					48

								2023	2022
					Unrestricted		Restricted	Total	Total
InCOme and	endOWmentS			frOm:	Note	E	E	E	f
Voluntary	income
Donations,	legacies and		Friends' subscriptions			15,922		15,922	22,770
Charitable	activities
Income from theatre					1&.6
Minack	productions				2	645,617		645,617	436,821
Visiting	companies				2	311,752		311,752	429,238
Education income					6	45,517		45,5'l7	4,801
l3ooking charges						112,042		112,042	113,155
Visitor admissions						986,589		986,589	864,957
Catering						368,165		368,165	385,216
						2,469,682		2,469,682	2,234,188
Other trading activities
Commercial	trading	operations			3	68,786		68,786	73,821
Investment	income					75,665		75,665	7,898
Other
Theatre Tax Relief reclaim					2	114,570		114,570	73,533
Total						2,744,625		2,744,625	2,412,210
Expenditure	on:
Raising funds
Commercial	trading	operations				33,839		33,839	4'l,772
Charitable	activities
Minack productions					2,5&6	645,267		645,267	466,320
Education	projects				2,5&6	180,694		180,694	95,208
Operating	the Theatre and			Visitor	'l,5,6&7	1,865,934		1,865,934	1,681,220
Centre						2,691,895		2,691,895	2,242,748
Total						2,725,734		2,725,734	2,284,520
Net income					4	18,891		18,891	127,690
Transfers between funds
Net movement in funds						18,891		18,891	127,690
Total funds brought forward						4,665,253		4,665,253	4,537,563
Total funds carried forward					20	4,684,144		4,684,144	4,665,253

incorporating	theincome	Ltt	expenditure	accoun	t for the yea	r ended 31D	ecember 2023
							2023	2022
					Unrestricted	Restricted	Total	Total
Income and	endowments		from:	Note	f	f	f	f
Voluntary	income
Donations,	legacies and Friends' subscriptions				15,922		15,922	22,770
Charitable	activities
Income from theatre
Minack	productions				645,617		645,617	436,821
Visiting	companies				311,752		311,752	429,238
Education income					45,517		45,517	4,801
Booking charges					112,042		112,042	113,155
Visitor admissions					986,589		986,589	864,957
Theatre and Visitor catering					368,165		368,165	385,216
					2,469,682		2,469,682	2,234,188
Other trading activities
Commercial	trading operations				24,600		24,600	21,200
Investment	income				82,271		82,271	15,156
Total					2,592,475		2,592,475	2,293,314
Expenditure	on:
Charitable	activities
Minack productions				2,58t6	535,629		535,629	395,572
Education	projects			1,2,58t6	180,694		180,694	95,208
Operating	the Theatre	Bt Visitor Centre		1,5,68t7	1,857,261		1,857,261	1,674,844
					2,573,584		2,573,584	2,165,624
Total					2,573,58-'I		2,573,584	2,165,624
Net income					18,891		18,891	127,690
Transfers between funds
Net movement	in funds				18,891		18,891	127,690
Total funds brought forward					4,665,253		4,665,253	4,537,563
Total funds carried forward				20	4,684,144		4,684,144	4,665,253

					The Group	The Group	The Charity	The Charity
					2023	2022	2023	2022
Fixed assets				Note	f	f	f	f
Tangible assets				9	2,514,194	2,234,095	2,514,194	2,234,095
Investments				10			2	2
					2,514,194	2,234,095	2,514,196	2,234,097
Current assets
Stocks				1&.11	25,057	26,868	8,133	9,321
Debtor				12	182,821	138,181	246,572	180,819
Short term investments					1,021,707		1,021,707
Short term deposits					1,070,048	2,453,146	1,070,048	2,453,146
Cash in hand	and at bank				77,308	71,937	24,511	41,420
					2,376,941	2,690,132	2,370,971	2,684,706
Creditors
Amounts falling due within		one year		13	(206,991)	(258,974)	(201,023)	(253,550)
Net current assets					2,169,950	2,431,158	2,169,948	2,431,156
Total assets less current		liabilities		15	4,684,'l44	4.665,253	4,684,144	4,665,253
Funds
Unrestricted	Designated			1&20	1,650,000	1,650,000	1,650,000	1,650,000
	Capital		reserve	1&20	2,514,194	2,234,095	2,514,194	2,234,095
	General			1&20	519,950	781,158	519,950	781,158
Total funds				20	4,684,144	4,665,253	4,684,144	4,665,253

			The	Group	The	Charity
			2023	2022	2023		2022
			6	f	6		f
Cash flow from operating	activities		(30,203)	233,393	(59,089)		214,185
Cash flow from investing	activities
Investment income			75,665	7,898	82,271		15,156
Purchase of tangible fixed	assets		(401,482)	(78,990)	(401,482)		(78,990)
Proceeds from disposal of	tangible	fixed assets
			(3Z5,817)	(71,092)	(319,211)		(63,834)
Net change in cash and cash equivalents			(356,020)	162,301	(378,300)		150,351
Cash and cash equivalents	at start	of the year	2,525,083	2,362,782	2,494,566	2,344,215
Cash and cash equivalents	at end	of the year	2,169,063	2,525,083	2,116,Z66	2,494,566

		The Group		The Charity
		2023	2022	2023	2022
		6	f	6	6
Net income for the year		18,891	127,690	18,891	127,690
Adjusted for:
Fixed asset depreciation		109,355	99,726	109,355	99,726
Loss on the sale of fixed assets		12,028		12,028
Investment income		(75,665)	(7,898)	(82,271)	(15,156)
Movement in stock		1,811	1,843	1,188	2,558
Movement in debtors		(44,640)	(36,573)	(67,050)	(46,574)
Movement in creditors		(51,983)	48,605	(51,230)	45,941
Cash flow from operating	activities	(30,203)	233,393	(59,089)	214,185

2.1	Income
					2023	2022
					f	f
	Rental income due		to	Minack Theatre Trust CIO	311,752	429,238
	Minack production		income (see note 2.2)		760,187	510,354
					1,071,939	939,592
2.2	Minack Productions
					2023	2022
					f	f
	Minack production		income		518,042	307,206
	Minack Productions		Limited Theatre Tax Relief reclaim		114,570	73,533
	Storytelling	income			127,575	129,615
					760,187	510,354
	Minack production		expenditure		(625,326)	(454,451)
	Storytelling	expenditure			(19,941)	(11,869)
					(645,267)	(466,320)
	Net Minack	production		income	114,920

			2023	2022
Turnover			f	f
			68,786	73,821
Cost of sales			(33839)	(41,772)
Gross p ro fit			34,947	32,049
Administrative	costs and	interest payable	(641)	(616)
Governance			(3,100)	(2,975)
Net income from trading			31,206	28,458
Net income	in the year for the group
Stated after	charging		2023	2022
			f	f
Auditors' remuneration		—audit	12,245	10,925
Auditors' remuneration		—other services	1,600
Depreciation			109,355	99,726
Loss on the	disposal of	fixed assets	12,028

Cost of op	er	ating the	Theatre,	Education	Programme	BtVisitor C	entre
The Group							2023	2022
				Theatre	Education	Visitors	Total	Total
				f	f	f	f	f
Purchases				70,611		89,322	159,933	162,472
Visitor tour	costs					29,381	29,381	27,562
Wages				321,728	40,531	398,526	760,785	695,514
Salaries				74,892	35,517	91,221	201,630	139,756
Printing and		stationery		2,340	111	2,849	5,300	6,434
Promoting	the Theatre's		activities	16,979	802	20,677	38,458	34,807
Repairs and	maintenance			66,666	3,150	81,182	150,998	159,415
Light, heat,	rates and water			18,465	873	22,484	41,822	32,506
Insurance				11,492	543	13,994	26,029	20,450
Motor and	travel			1,887	89	2,299	4,275	3,791
Telephone	and postage			1,622	77	1,976	3,675	4,401
Sanitation				17,9'I 5	847	22,385	41,147	34,881
Miscellaneous				13,604	643	16,567	30,814	17,047
Bank charges				1,714		2,169	3,883	3,208
Credit Br debit card charges				31,662		40,052	71,714	65,945
VAT (Unrecovered Input			Tax)	13,995		17,703	31,698	27,969
Depreciation				48,281	2,282	58,792	109,355	99,726
Loss on disposai offixed			assets	5,310	251	6,467	12,028
				719,163	85,716	918,046	1,722,925	1,535,884
Management		&administration
Salaries				46,400	8,500	58,365	113,265	102,288
Professional		fees		10,389	491	3,967	14,847	32,004
Trustee expenses				276	13	337	626	119
Miscellaneous				188	9	229	426
Governance		(note 7)		6,113	289	7,443	13,845	10,925
				63,366	9,302	70,341	143,009	145,336
				782,529	95,018	988,387	1,865,934	1,681,220

The Charity						2023	2022
			Theatre	Education	Visitors	Total	Total
			f		f	f	f
Purchases			70,611		89,322	159,933	162,472
Visitor tour	costs				29,381	29,381	27,562
Wages			321,728	40,531	398,526	760,785	695,514
Salaries			74,892	35,517	91,221	20'I,630	139,756
Printing and stationery			2,340	111	2,849	5,300	6,434
Promoting	the Theatre's	activities	16,979	802	20,677	38,458	34,807
Repairs and	maintenance		72,196	2,954	75,519	150,669	159,157
Light, heat,	rates and water		18,465	873		41,822	32,506
insurance			11,492	543	13,994	26,029	20,450
Motor and	travel		'I,887	89	2,299	4,275	3,791
Teleph one an d postag e			1,622	77	1,966	3,665	4,401
Sanitation			17,915	847	22,385	41,147	34,881
Miscellaneous			7,721	316	22,777	30,814	17,021
Bank charges			1,107		1,937	3,044	2,441
Credit Br debit card charges			31,618		39,996	71,614	65,945
VAT (Unrecovered Input		Tax)	13,995		17,703	31,698	27,969
Depreciabon			48,281	2,282	58,792	109,355	99,726
Loss an disposal of fixed		assets	5,310	251	6,467	12,028
			718,159	85,193	918,295	1,721,647	I,534,833
Management Bradministration
Salaries			46,400	8,500	58,365	113,265	102,288
Pro fess i on a	I fees		10,389	491	3,967	14,847	32,004
Trustee expenses			276	13	337	626	119
Miscellaneous			188	9	229	426
Governance	(note 7)		2,097	104	4,249	6,450
			59,350	9,117	67,147	135,614	140,011
			777,509	94,310	985,442	1,857,261	1,674,844

The Group						2023	2022
			Theatre	Education	Visitors	Total	Total
		Note	f	f	f	f	f
Dimct income		2	957,369	45,517	986,589	1,989,475	1,735,817
Booking charges	Minack	events	43,369	2,049	52,812	98,230	98,068
Booking charges	external	events	13,812			13,812	15,087
Catering			162,546		205,619	368,165	385,216
			1,177,096	47,566	1,245,020	2,469,682	2,234, 'l88
Direct Expenditure		2	(645,267)	(180,694)		(825,961)	(561,528)
Charitable Expenditure		5	(782,529)	(95,018)	(988,387)	(1,865,934)	(1,681,220)
			(1,427,796)	(275,712)	(988,387)	(2,691,895)	(2,242,748)
Net income/(expenditure)		by activity	(250,700)	(228,146)	256,633	(222,213)	(8,560)
The Charity						2023	2022
			Theatre	Education	Visitor.	Total	Tota I
		Note	f	f	f	f	f
Direct income		2	957,369	45,517	986,589	1,989,475	1,735,817
Booking charges	Minack	events	43,369	2,049	52,812	98,230	98,068
Booking charges	external	events	13,812			13,812	15,087
Catering			162,546		205,619	368,165	385,216
			1,177,096	47,566	1,245,020	2,469,682	2,234,188
Direct Expenditure		2	(535,629)	(180,694)		(716,323)	(490,780)
Charitable Expenditure		5	(777,509)	(94,310)	(985,442)	(1,857,261)	(1,674,844)
			(1,313,138)	(275,004)	(985,442)	(2,573,584)	(2,165,624)
Net income/(expenditure)		by activity	(136,042)	(227,438)	259,578	(103,902)	68,564

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		2023	2022
		f	f
Wages and salaries		991,505	845,679
5ocialsecudty	costs	71,469	62,839
Pension costs		32,956	29,040
		1,095,930	937,558

(the Group and	the Charity)	Land 8r Buildings	Fixtures Br Fittings	Total
Cost		f	f	f
At 1st January	2023	2,847,199	584,522	3,431,721
Additions		174,451	227,031	401,482
Disposals		(19,947)	(111,318)	(131,265)
At 31st December 2023		3,001,703	700,235	3,701,938
Depreciation
At 1stJanuary	2023	724,049	473,577	1,197,626
Disposals		(9,120)	(110,117)	(119,237)
Charge for the	year	55,755	53,600	109,355
At 31st December 2023		770,684	417,060	1,187,74'-l
Net book value
At 31st December 2023		2,231,019	283,175	2,514,194
At 31st December 2022		2,123,150	110,945	2,234,095

nvestments
				The Group		The Charity
				2023	2022	2023	2022
100%investment in The Minack Theatre		Limited		f	f	f	f
and Minack Productions Limited, companies
incorporated in England and	Wales
At 31"December 2022 and 31"December			2023
A summary ofthe trading results of The Minack				Theatre Limited	is shown	below:—
				2023	2022
				f	f
Turnover				68,786	73,821
Cost of sales and administrative	expenses			(61,580)	(66,363)
Interest payable				(600)	(200)
Amount gifted to the charity				(6,606)	(7,258)
Retained in the subsidiary
Current assets and liabilities of	the subsidiary		were:
Current assets				29,843	32,186
Creditors: amounts due within	one year			(29,842)	(32,185)
Total net assets
Aggregate share capital and reserves				1	1

						2023	2022
						f	f
Turnover						503,713	284,162
Cost of sales and			administrative	expenses		(618,283)	(357,695)
Taxation						114,570	73,533
Retained		in the subsidiary
Current	assets and		liabilities of	the subsidiary	were;
Current	assets					173,306	121,095
Creditors:		amounts	due within	one year		(173,305)	(121,094)
Total net		assets
Aggregate		share capital and reserves

			The	Group		The	Charity
			2023		2022	2023		2022
			f		f	f		f
Goods	for	resale	25,057		26,868	8,133		9,321
			25,057		26,868	8,133		9,321

Debtors
					The Group		The	Charity
					2023	2022	2023		2022
					f	f	f		f
Accrued	income and prepayments				178,813	138,181	46,948		32,964
Other debtors					4,008		4,008
Amount	due from Minack Productions			Limited			169,010		118,744
Amount	due from Minack Theatre		Limited				26,606		29,111
					182,821	138,181	246,572		180,819
Creditors
Amounts	falling due within	one year
					The Group		The	Charity
					2023	2022	2023		2022
					f	f	f.		f
Trade creditors					18,279	46,661	18,144		36,301
Taxation	and social security				13,521	60,551	13,521		70,608
Other creditors					22,464	19,426	22,464		19,605
Amount	due to Minack Theatre	Limited					487
Accruals	and deferred income				152,727	132,336	146,407		127,036
					206,991	258,974	201 023		253550

				The	Group		The Charity
				2023		2022	2023	2022
				f		f	f
Brought	forward			114,773		'119,817	114,773	119,817
Amount	released	to	income	(44,466)		(46,152)	(44,466)	(46,152)
Amount	deferred	in	year	55,559		41,108	55,559	41,108
Carried	forward			125,866		114,773	125,866	114,773

Analysis of group net as As at 31"December 2023	sets between fund	s
	Unrestricted	Restricted	2023
	fund	fund	Total	2022
	f	6	6	f
Tangible fixed assets	2,514,194		2,514,194	2,234,095
Net current assets	2,169,950		2,169,950	2,431,158
At 31st December 2023	4,684, 14'-I		4,684,144	4,665,253

			The Group		The Charity
			2023	2022	2023	2022
Operating leases commitments			f	f	f	f
Payable	within	one year	659	659	659	659
Payable	within	one to two years	659	659	659	659
Payable	within	two to five years	988	1,647	988	1,647
			2,306	2,965	2,306	2,965

The Group				Balance at 1 Jan 2023	Incoming Resources	Incoming Resources	Resources Expended	Transfers	Balance at 31 Dec 2023
				E					f
Unrestricted
Designated
Winter cash		outflow		150,000					150,000
Losses from		reduced	visitors	400,000					400,000
Unexpected		repairs		500,000					500,000
Education	&.productions			600,000			(228,146)	228,146	600,000
Capital reserve				2,234,095				280,099	2,514,194
General				781,158		2,744,625	(?497,588)	(508,245)	519,950
				4,665,253		2,744,625	(2,725,734)		4,684,144
The Charity
				Balance at 1 Jan 2023	Incoming Re sou rces		Resources Expended	Transfers	Balance at 31 Dec 2023
Unrestricted
Des ig nated
Winter cash		oufflow		150,000					150,000
Losses from		reduced	visitors						400,000
Unexpected		repairs		500,000					500,000
Education	&productions			600,000			(227,438)	227,438	600,000
Capital reserve				2,234,095				280,099	2,514,194
General				781,158		2,592,475	(2,346,146)	(507,537)	519,950
				4,665,253		2,592,475	(2,573,584)		4,684,144

Dates	Production	Production		Author / Composer	Author / Composer	Company
February 17-	Annie Jr.	in St John's	Hall,	Strauss, Meehan	and	Rising Stars
18	Penzance			Cha min		(Minack Education)
March 28 to April 14	The Massive Tragedy Madame Bovary		of	John Nicholson		Minack and Ha Hum Ah Theatre
April 2-13	Giants			John Brolly and Sutcliffe	Ben	Minack Education
April 20 to	Further Than the Furthest			Zinnie Harris		Minack Production
May 4	Thing
May 7-10	One Man 8.His Cow			n/a		Living Spit
May 14-18	Battling	Butlers		n/a		Bash Street Theatre
May 23-2S	Shake it	Up Shakespeare		n/a		Shake it Up Theatre
						Barnes &
May 29to June 2	Kipps			Fellowes, Stiles	Br Drewe	Richmond Operatic Society
						Minack in cahoots
June 7-22	Calvino	Nights		n/a		with Mike
						Shepherd
June 26-28	Glassworks Murder Ballades			Philip Glass Bryce Dressner		Minack with Cheap Date and Kevos
July 3-6	Measure	for Measure		Shakespeare		Moving Stories
July 10-11	Lullaby	ofthe Tides		Jan Stroud		Minack Education
July 12-13	Antigone			Sophocles		Minack Acting Academy

Dates		Production					Author / Composer	Company
July 1S		Stars on the	Cliffside				n/a	Minack Musical
								Theatre Academy
July 16-21		Twelfth Night					Shakespeare	lllyria
July 24-27		Blithe Spirit					Noel Coward	llkley Playhouse
July 30to August 3		Captain Corelli's			Mandolin		Adapted from Louis de Berniere by Rona Munro	Shattered Windscreen
August 6-10		A Streetcar	Named			Desire	Tennessee Williams	Next Stage Theatre
								Company
August 13-17		Everybody's Jamie (Teen	Talking Edition)			About	Tom Macrae and Dan Gillespie	British Theatre Academy
August 18-19		13:the Musical					Jason Robert Brown, Dane Elish & Robert Horn	British Theatre Academy & Minack
August 22 September	to 1	Tom's Midnight		Garden			Adapted from Philippa Patterson's book by David Wood	Minack
September 4-8		Evita					Andrew Lloyd Webber	Helston Theatre Company
September 11-15		The Threepenny		Opera			Bertolt Brecht & Kurt WeiI I	Ovo
September to October	20 5						Adapted from Jim Dodge's book by Simon	Minack and o-region
							Harvey
October 17-18		Tre					Sarah Connors	o-region
October 27-28		Madagascar	Jnr				Kevin Del Aguila, George Noriega and Joel Someillan	British Theatre Academy &.Minack
December	21-	A Christmas	Carol				Adapted by David Mynne from Charles Dickens	David Mynne