REGISTÉRÉD COMPANY IIUM8ÉR: 09703111 (ETr*•nd •nd Wi1•1)' REOISTEREO CHARrrY IwM8ÉA.. 1117811 Rgport of th• TnMts•g and Flnanclal Statom•nts for th• Y•af End•d 31st Juty 2025 for Park 8troet Pgrfornilng Arts C•ntr•
8tr••t P•rfornilng Art• C•ntr• Cont•nts of th• Hn•nelil 8tit•ffl•rftl for th• y••r •nd•d 31it Juty 2025 Pag• Rehr•nc• •nd Admlnl8trntlv• D•tallg R•port of th• Tru•t• 2 to S Report of th• Ind8p•nd•nt Examln•rs Statsm•nt of Flnanclal Actlvitle8 B•lanc• ShMt Nots8 to th• Flnancl81 Statements 9 to 13
Park Strèet Porfomilng Arts Contr• Referenc• and AdmlnlBtr8tlv• Dotall8 for tho year Onded 31st July 2025 TRUSTEES Jamie Penn Mlchael J Allen Emma J Lewis Chair (Resigned 8 Juty 2025) Chair (Appointed 9 July 2025) Treasurer (Appointed 9 July 2025) (Appointed 1 October 2025) (Appointed 1 October 2025) Angela Thornton Julle Blackie Robert Milner REGISTERED OFFICE 29 Park Street Hull East Riding of Yorkshire HU2 8RR REGISTERED COMPANY NUMBER 09703276 (England and Wales) REGISTERED CHARITY NUMBER 1167611 INDEPENDENT EXAMINER Samantha Hesford BANKERS TSB PO Box 373 Leeds LS14 9GQ Page 1
Park Street P•rfomilng Arts C•ntrn Report of th• Tru8te•g for tho y•ar end•d 31•t July 2026 The trugtees who 8re 8130 dlrectors of the charlty for the pury)oseg of the Companleg Act 2006, pr89ent thelf report th the fin8ncial statements of the charity for the year ended 31 gt July 2025. The trustees hav8 adopted the provigions of Accounting 8nd Reporting by Ch8ritles: Statement of Recommended Practice applicable to charltieg preparing their accounts In occord8nce wlth the Fln8ncial Reporting Stand8rd 8ppIic8ble in the UK and Republic of Ireland (F 102) (effective 1 J8nuary 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Gov•mlng document The organisation is a charitable company Ilmited by guarantee, Incorporated on 25th July 2015 and reglstered as a charity on 25th July 2015. The company wa8 egtablished under a Constitution which established the objects and pcme of the charitable company and is governed under its Articles of Association. Recrultment and appolntment of new tru8te88 The directors of the company are also charlty tru8tee8 for the purposes of charlty law. All trustees are provided with a welcome pack upon appolntment Including a copy of Park Street Performing Arts Centra (PSPAC) Constitution, Articles of Association, pollcles, procedures, and other relevant trustee Information. New Trustees are also directed to read all avaolable relevant Informatlon on the Charity Commisslon website. New trustees a mentored by an existing Trustee for any queries on govemance or procedure until they both feel confident this is no longer required. PSPAC also encourages further relevant training I courses (including extemal providers) for any Trustee who requires I requests it to progress their knowledge, benefiting the organisation as well as the individual. All confllcts of interests are duly considered prior to trustee appointments. In the Artides of Associatlon it is stated that all declsion maklng must be quorate. Any decisions of the trustees must be a majority decision and quorate to eliminate major risk. OBJECTIVES AND ACTIVITIES Objectives and aims Our charity's purposes as set out in the objects contained in the company's Articles of Association are; 1) to advance the education and promotion of creative perfomiing arts and to foster, 2) encourage and sxovide opportunities for people of all ages to paiticipate, 3) incxease their confidence and enjoy being involved in creative perfomiing arts, in particular but not exdusively by offering dasses, workshops and staging local perfOrmanS. PSPAC is a not-for-profit charity; any monies made by the charity are reinvested into achieving its objectives. PSPAC has not been involved in (or has yet required) any policy on grant-maklng - this will change as necessary. PSPAC relies heavily on the contribution of volunteers and therefore Is fvlly committed to assisting with their personal and continuous development. The volunteers mainly consist of local people with previous relevant l interchangeable skills, however PSPAC offer trainlng wherever relevant or requested. Page 2
Park Str•et Porfomlng Arts Centr• Roport of the Trugtee8 for the year endod 318t July 2025 OBJECTIVES AND ACTIVITIE8 Maln actlvltl•• The main activities undertaken by PSPAC in relation to the objectNeg are to provide a safe, inclusive and inspirational Space for chIldn and adults within the local community to practice and enjoy perfomiing arts and associated creative skills. This Space allows all attending to be involved In various discussiong and experiences involved in the planning, preparation, production and presentation of theatric81 productiong, leading to increased seff-dlscovery, empathy and social connections. PSPAC aims to improve the mental health and well-being of all involved, including students, volunteers, audience members and others. PSPAC endeavours to achieve this wlth the provision of varlous workshops, performances and communrty events. The performances and events are advertised to the public and PSPAC will continue to build relats'ons with both the public and other groups in the area. This will increase awareness of PSPAC and its offerings to the widef community. Public benefit All charity trustees have had due regard to the Charity Commission's Public Benefit Guidance en exercising any powers or duties to whlch the guidance is relevant. ACHIEVEMENTS AND PERFORMANCE Main achievements At the start of this financial year, we welcomed two new roles, a Financial Director and a Creative Director to run as a senior management team. The role of the management team was to take over the day to day running of the charity and put more robust financial procedures in place. During this year PSPAC obtalned an Income of £57,100 through class fees. This was a steady income stream throughout the year with notsble reduction in August and April which is when the school's typical closed period falls for Summer and Easter breaks. The classes provided were in the areas of performance, slnging, dancing, spoken word, adult musical theatre, SEN musical theatre, set design and theatre technician skills. In September 2024 we continued to offer free enrolment to all students and a first class free trial. We continued our collaboration with local organisation CASE providing an SEN class until July 2025. We trailed a pay what you can scheme for selected shows to help keep ticket costs low. The students who wished to work towards examinations in their chosen area were fully encouraged and assisted by PSPAC, working closely with the examining bodies on the students, behalf. Exams were held in March, June and December 2025. Our students obtained 100 % in merits and distinctions. PSPAC continued the development of both volunteers and young people by keeping the mentor scheme in place. PSPAC contlnued to engage with the local community, children from the charity were also invited to perform at another local charity ball (December 2024) raising the profile of the charity with local businesses. We continued to collaborate with a number of local organisations providlng venue hire for events and shows. We had a regular dance fitness class hire the studio between October and May. We also offered space to local company Jon Godber company for rehearsal space. Page 3
Park Street P•rtornilng Artg C•ntr• Report of th• Tru8t••9 for th• year •nd•d 31•t July 2028 Maln achl•v•m•nts (contlnuod) The ch8rlty continued th the opportunlty to buy PSPAC merchandlse guch ag t-ghirtg and hoodiei. Thege contlnue to be offered at cost prfce to the studentg to encourage a 8enge of group identity and Identify and promote PSPAC students and volunteerg when at events. The charity continued with the volunteer reward scheme for thoga volunteer9 who devote their time to Support the charlty. We also accrued 661 hours in volunteer support for a renovation over the Summer. Thig saw the reception area decorated, toilet8 painted, exterior of the building lidied up, Stage reinforced and a new fire system put in place. We held a number of fundralsers In local 8hopplng centre, a danceathon and a member of the trust ran two local race events for the charity. Overall, during 2024125 PSPAC has met its objectlveg of involving the community in the arts whilst fostering a safe Inclusive space for all and raislng enough fvnds to continue successfully into the future. FINANCIAL REVIEW Financial posltion The charity achieved an Income of £115,534 (2024: £105,935). This Is the result of the charity receiving more grants to support the charity. In addition, the working relationships of the trust, management team and volunteers remained committed to fundraising and supporting the charity to find additional income streams. £57.100 income was achieved through Class Fees (2024: £51,667). This increase was the direct impact of having the management team in place who could arrange cover for classes and encourage participation from our members to join various classes on offer. The ongoing use of class manager and regular monitoring of class fees enabled the charity to collect class fees in a timelier fashion and prevent income loss from lack of payments. The continuous operation of the café and bar allowed us to generate an income of £10,030 (2024: £10,978). This decrease may be accounted for the change in licensee and temporary Closu of the bar during August and September 2024. Ticket sales raised income of £16,335 (2024: £26,221). This is a significant decrease from the previous year, this may be accounted for by: popularity of the show choices, a decrease in events that relied heavily on volunteers to support such as Halloween paty and Easter paty. Specific one-off shows in the prevlous year that we had the rights gifted to us to perform, change to collaborations with local creatives who would produce shows in retum for space hire and production support and finally the financial loss due to temporary school closure for 3 weeks in the summer months. The charity has met all its expenditure requirements this year, the largest being similar to previous years - staff costs of £36,809 (2024: £32,559) to cover professional tutors who run the classes, then the rent £20,035 (2024: £20,035). A total of £12,516 was spent on royalties and rights to various shows throughout the year. This was a significant increase and reflects our opportunity to purchase more expensive shows through grants and funding. The trustees consider the financial position of the charty at the end of the year to be acceptable, however continue to tske steps to improve the position of the charity and ensure that a small surplus can be made most years. This additionally will help to futureproof the charity against any unforeseen circumstances. Reserves policy As a not-for-profit organisation, it is the aim of the charity not to build extensive reserves. Inevitably, this cannot always be the case and there will be nominal reserves at year end; these are reinvested into the charity and used for the benefit of current and future students. During the 2025 financial year, PSPAC made a small surplus of £5,576 which is money raised and ringfenced for renovations and essential repairs. Page 4
Park stmt P•rfornilng Arts Centr• Report of th• Trustèe8 for the y•&r ended 31•t July 2025 STATEMENT OF TRU3TEE8' RESPONSIBILITIE8 The trusteej (who •re 8150 the directorn of PSPAC for the purposeg of compary law) are responsible for preparing the Report of the Trustees and the fin8ncial statements In accordance with 8pplicable law and United Klngdom Aceountlng Standards (United Klngdom Gener81ty Accepted Accounting Practice) including Flnanclal Reporting Standard 102 Yhe Financi81 Reportlng Standard applicable in the UK and Republic of Irelanrf. Company law requires the trustee8 to prepare fin8ndal statements fof each financial year vthich géve a true and tsir vfew of the state of 8ffair8 of the charitable company and of the Incoming resources and application of resourceg, indudlng the income and expenditure, of the charilable company for Ihat perlod. In preparing those financial st3ternents, th trustees are reqUId to; select suitable accounting policles and then apply them congistently; obseNe the methods and principle8 in the Charlty SORP; make judgements and estimates that are reasonable and prudent; prepare the financlal statements on the going concem basis unless it is inappropriat8 to presurne that the charitable company will contlnue in business. The trustees are responsible for keeplng proper accounts'ng records which dlsclose wth reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements compty Nfflth the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for tsklng reasonable steps for the prevention and detection of fraud and other Irregularities. Approved by order of the board of trustees on IS May 2026 and signed on its behalf by: E Lewis - Trustee Page 5
R•port ol th• Ind•iMftd•ffi È•mlTr•rn to th• knib•f• ol p 8trn•t P•rfonTrlng Art• C•ntr• Ind•p•nd•ftt È%•fflln•e• R•port to th• tnMl••• ol P•f 8tr••t P•floftnlng Art• C•ntr• I report to the eh•rlty trusteei on my •x•mln•tkni of th• •¢¢tt ol elrft8bh eompary for th• ye•r éflded 31 st J(fy 2025 vthlch •rn W out on pw 7 to 13. R•pon•lbllftl•• Ind 11• of r•port the ch•rrt8ble mP&ny,$ truslees (•nd •l•o fts dtreet ft the SXffPOStt ol eornpary i> •f• f Ihe prep•r8llon of the •ccounts In •ce4rd•nce the reryttements of the Chafitfies Act 2011 ('fv Arf) and Cofflwng Acl 2008 ('the 2006 Act). H8vlng B•tlified myseff th8t the •c¢T9 of tho charftSb Cofwry we nol feqwed to the I111•d undef Part 16 of tho 2006 Act 8nd are ellglble for Independenl examln8tion, I report in regped of my examinatlon of your charltable cofflpaftf• •ccounts as carried out under 8ectlon 145 of the Ad. In c8rying (xrt rrry examination I have fofffftd the DérecOonJ gfve by the Charity Comrnl8$lon under sectic 145(5)(b) of Act. lftd•p•nd•nt •x•mln•rf• gtat•m•nt I have completed my ex8minatlon. I confirm that no materfal mattern have come to my 8ttentkM fft connection the examlnatlon glving me cause to believe: amjntlng rwds ere not W In regpecl charltth Cry as re(pJr&l ty 130 crf ty Secfj 386 ofthe 20C6 . c 3. actOLmts do c<xnFy wth the 8ppltabie requirements of SedKm 396 of the 2C kt I ary trwt the 8cEtyJnts glve a Ve and falr vw vh)rJ)1g not a mattff consKlered 89 part of an indeperKlent exThth; cy aca)unts have not been prePad in xcordarKe with ntIKXts aTrJ PripIeS of Staterrnrt of Recc¥M PrxtKe ICY axountry reFXXtirrfJ by charities (aN)ftse to charloes rKeparfng their xcwrts n xccrfttarte vath FnwKial Rwbng StaTr3wd appllcable UK Repubk of Ireland (FRS102)). I have no concems and have come across no other matters In connection with the examination to which atteritTh ShId be drawn in this report In order to enable a proper understanding of the accounts to be reached. S Hesford FCCA I S May 2026 Page 6
Park 8tr•et Porfornilng Arts Centr• Stat•m•nt of Flnanclal AcUvltl•g (Includlng Income and •xpendlture account) for th• yoar •nded 31st July 2025 2025 Tofal funds 2024 Total fvnds Unrestricted funds Restrlcted funds Notes INCOME AND ENDOWMENTS FROM Donations, legacies and grant8 Charitable activitie8 Other trading actlvities 26,131 76,645 11858 1,000 27,131 76,545 11858 11,083 81,592 13,260 Totsl 114,534 1,000 115,534 105,935 EXPENDITURE ON Raising funds Charitable activities 4,290 104,668 4,290 105,668 6,525 99,037 1,000 Totsl 108,958 1,000 109,958 105,562 NET INCOMEI(EXPENDITURE) 5,576 5,576 373 Transfers between funds Net movement In funds 5,576 5,576 373 RECONCILIATION OF FUNDS Total funds brought forward 8,470 8,470 8,097 TOTAL FUNDS CARRIED FORWARD 14,046 8.470 All unrestricted funds are general funds. The notes fom part of these financial statements Page 7
P•r* 8tr••t P•rtoffilng Art• C•ntr• (R•gl•t•r•d numb•r: 0gT032761 Bil•nc• 8h••t 3191 July 2026 2029 Totsl lund• 2024 Total fijnds Unregtrkt Regtrkted Notes CURRENT A83ET8 Stock Debtorn Cash at bank 11 12 1,318 1,S84 12 287 1,318 1,884 12 1,182 8698 15,189 16,189 12,484 CREDITOR8 Accruals and deferred income 13 1,143 1,143 3,994 NET ASSETS 14 046 14 046 8470 FUNDS 14 unstrICted funds: General fund 14,046 8,470 Restricted funds TOTAL FUNDS 14 046 8470 All unrestricted funds are general fvnds. For the financial year in question the charitable company was entltled to exemption under 477 of the Companies Act 2006 relating to small companies. No members have required the charitable company to obtain an audit of its accounts for the year in question In accordance wlth section 476 of the Companies Act 2006. The trustees acknowledge their responsibilty for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts. These financial statements have been prepared In accordance with the provisions applicable to charitable companies subject to the small companies, regime. The financial statements were approved by the Board of Trustees and authorised for issue on IS May 2026 and were signed on its behalf by: E Lewis - Trustee The notes fomi part of these financial ststements Page 8
Park Str•et P•rfomilng Art• C•ntr• Note8 to th• Fln8ncl818tatemontg fr>r th• y•ir •ndèd 31•t July 2025 ACCOUNTING POLICIE8 Ba818 of proparlng tho flnancl81 statem•nts The financial statements of the Ch8rltable Company, limited by guarantee, whlch18 a public benefit entty under FRS 102, have been prepared in accordance wlth the Charitieg SORP (FRS 102) 'Accounting and Reportlng by Charities: Statement of Recommended Practice applicable to chaflties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repubfic of Ireland (FRS 102) (effedNe 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Iland, and the Charities Acl 2011. The flnancial staternentg have been prepared under the hlstorfcal cost convention, with the exceptlon of Investments whlch are included at market value, as modified by the revaluatio of certain asset9. The twstees con8ider that there are no material uncertainties about the Charity's ability to continue as a going concem. Income recognltlon Income is measured at the fair value of the conslderation received or receivable. The policies adopted for the recognition of income are as follows: Income from donations, govemment and other grants, whether capital or revenue, is recognised when the charity has entitlements to the funds, any perfomance conditions attached to the grants have been met and it is probable that the income will be received and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, It is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. All expenses including support costs and governance costs are allocated to the applicable expenditure heading. Allocatlon and apportlonment of costs Support costs have been allocated between administratlon and govemance costs. Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice such as costs related to bookkeeping and independent examination fees. There has been no apportionment of costs. Taxation The charity is exempt from corporation tax on its charitable activities. Debtors and creditors recelvablelpayable wlthin one year Debtors and creditors with no stated Interest rate and are receivable or payable within one year are recorded at transaction price. Any losses arising from impaiment are recognised in the statement of financial activities allocated to the appropriate heading. Stock Stock is Included at the lower of cost and net realisable value. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fvnd is included in the notes to the financial statements. Page 9 continued...
P•rk Str••t P•rtofftlng Art• C•ntr• Not•• to th• Fln•nel•l 8t*t•ffl•ftts • fot th• y••t •nd•d Jl•l July 2028 DONATIONS AND LEGACIES 2028 2024 Doniiioni Gr•nts 6,820 21 7.8S8 27 131 11083 Grnntj recèlved, Included In thè above. 8ro 81 followg: Arnle5t Slr J8me8 Reckltt Ch8rlty Dechra Ph8miaceutlcali Llmlted Clty He8lthcare 8A95 1,000 9,316 21311 CHARITABLE ACTIVITIES INCOME 2025 2024 Theatrical Perfomiances Class Feel Exam Fees Summer School Fees 16,335 57,100 2,070 26,221 51.867 2,654 1050 76 S45 81.592 TRADING ACTIVITIES INCOME 2025 2024 CafélBar Merchandise Venue Hi 10,030 828 1000 10,978 947 1335 11858 13,260 RAISING FUNDS 2025 2024 CafélBar stock 4290 6,525 Page 10 continued..
Par 8tr••t P•rfomilng Afts C•ntrn Not•• to th• Flnancl•l 8tat•m•nts & contlnu•d for th• y••r •nd•d 31•t July 2025 CHARITABLE ACTIVITIE3 CO3T8 Support cost8 (see note 8) Dlrect cogti T31 Dlrect charltable 8cttvltles Suppof1 co3t8 65,151 65,1S1 40 40 $17 17 105 668 40 $17 65 151 SUPPORT COST8 Communication Servlce Charge Rent Rates Electricity Cleanlng Decorating Card Feel Office Supplie8 Gas Accountancy Insurance 1,232 4,127 20,035 3,959 7,158 $4S 160 TT2 1,912 593 NET INCOMEI(EXPENDITURE) Net Incomel(expenditure) is stated after chargingl(creditlng): 2025 2024 Independent Examiners, remuneration 115 245 Page 11 continued...
rk Strn•l P•rfoinilng Artg C•ntrn Not•• to th• Flnincl•l 8tst•m•nt• . conUnu•d ft>r th• y•at •nd•d 31•1 July 2028 TRUSTEÈ8' REMUNERATION AND BENEFIT8 Thère arn no trUit, r•muneratlon Of Ott*f btrtI lof fv P•fknd •nded 3191 Juty 2025 Of 31gt Juty 2024. fru•to•g' •xp•n••g There were no truit•e•' expènse• pald f(x thé year ended 31 Juty 2025 nof fcrf the perfod ended 31 It December 2024, 10. COMPARATIVES FOR THE 8TATEMENT OF FINANCIAL ACTivrriE8 (RESTATED) Unrestrlcted Regtrlcted fundg fvndg Tcrtal funds INCOME AND ENDOWMENT8 FROM Donatlon8 and legacleg Charftable actfvities Theatrlcal performance8 Other trading 8Ctivltie• 11,083 55,371 26,221 13260 11.083 55,371 26,221 13260 Total 105,935 105,935 EXPENDITURE ON Raislng fundg Charitable actlvltles 6,525 99,037 6,525 99,037 Totsl 105,562 105,$82 NET INCOMEI(EXPENDITURE) 373 373 Transfers between funds Net movement In funds 373 373 RECONCILIATION OF FUNDS Totsl funds brought forward 8,097 8.097 TOTAL FUNDS CARRIED FORWARD 8,470 8470 Page 12 continued...
Park Str••t P•rfomilng Art• C•ntr• Not•• to th• Flnanclal 8tat•mont8 . ¢ontlnu•d for th• y••r •nd•d 318t July 2025 8TOCK8 11. 2028 2024 CafélBar Stock 1318 1182 12. DEBTORS 2025 2024 Accrued Income Other Debtorn 322 2,262 1,584 2584 13. DEFERRED INCOME The deferred income for 2025 relates to summer school feeg vthich takes place over the summer after the year end. In 2024, deferred income also Included musician sponsorship income for a post year end sh(M and a grant received for summer renovatlons. 14. FUNDS The general fund represents fvnds which have no specffic deslgnation and are simply for the chartsble purpose and objectlves of the charltable company. The restricted fvnds represent a grant recelved In year for SEN Classes whlch was fvlly expended against teachers wages for the SEN classes. 15. RELATED PARTY DISCLOSURES The son of one trustee recelved remuneration of £60 (2024: £nil) during the financial year for his role as a receptionist. The daughter of one trustee recelved remuneratlon of £nil (2024: £50) during the financial year for her role as a teaching assistant. Both roles were paid at the standard rate paid for this work In Park Street. All trustees made some payments to Park Street Perfomilng Arts Centre throughout the year to participate in the actNlties Park Street puts on, however these were at market value, the same prices other non-trustees will pay and therefore do not require disclosure. Page 13