Company Registration Number: 07841365
The Charity Registration Number: 1170509
Spinning Wheel Ltd
Report and Accounts
30 November 2025
## **Spinning Wheel Ltd**
## **Report and accounts for the year ended 30 November 2025**
## **Contents**
||**Page**|
|---|---|
|**Charity information**|1|
|**Trustees' Annual Report**|2|
|**Statement of directors' responsibilities**|8|
|**Independent Examiner's Report**|9|
|**_Funds Statements:-_**||
|Statement of Financial Activities|10|
|Movements in funds|11|
|Income and Expenditure account|12|
|**Balance sheet**|13|
|**Notes to the accounts**|14|
## **Spinning Wheel Ltd**
Company Registration Number - 07841365
## **Trustees' Annual Report for the year ended 30 November 2025**
The Trustees present their Report and Accounts for the year ended 30 November 2025, which also comprises the Directors' Report required by the Companies Act 2006.
## **Reference and administrative details**
The legal name of the charity is Spinning Wheel Ltd.
The charity is also known by its operating name, Spinning Wheel Theatre.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1170509.
The charity is constituted as a company limited by guarantee, registered under the Companies Acts. The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
The trustees are all individuals.
## **The principal operating address, telephone number, email and web address of the charity are:-**
9 Barley Birch Drive Botesdale Diss, IP22 1FP Telephone: 07812130064 Email Address: becca@spinningwheeltheatre.com Web address: http://www.spinningwheeltheatre.com
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
## **The Trustees in office on the date the report was approved were:-**
Harriet Brill Elizabeth Downie Rebecca Gibbs (Appointed 18 June 2025) Polly Ingham-Watts Brian Manley Amy Potter Roger Stubbs
The trustees who served as a trustee in the reporting period were as shown above.
## **Directors of the Company:**
Harriet Brill (Appointed 17 June 2025) Elizabeth Downie (Appointed 17 June 2025) Rebecca Gibbs Polly Ingham-Watts (Appointed 17 June 2025) Brian Manley (Appointed 17 June 2025) Amy Potter Roger Stubbs (Appointed 17 June 2025)
1
## **Spinning Wheel Ltd**
Company Registration Number - 07841365
## **Trustees' Annual Report for the year ended 30 November 2025**
## **Annual Summary 2024-25**
This financial year has been one of the most significant in Spinning Wheel Theatre’s history. A year in which we have grown as an organisation, deepened our artistic ambitions and reached new audiences across East Anglia and beyond. From the completion and full touring of our first fully devised, non-verbal production, to the beginnings of an exciting new heritage project and the commissioning of our work as part of a regional arts festival, this year has been marked by creativity, courage, and community.
A particularly landmark moment this year was the securing of our first dedicated office space; a permanent home for the company. After years of working remotely and across borrowed spaces, having a physical base of our own represents a significant step forward in our growth, our sense of identity and our capacity to do the work we love. It has given us space to create, collaborate and plan with renewed focus and ambition.
We are grateful for the continued support of our board of trustees, our partners, and the funders who have made this year’s work possible. These include Arts Council England, The National Lottery Heritage Fund, Suffolk Community Foundation, Cambridgeshire Community Foundation, The Foyle Foundation, Leche Trust, Boshier Hinton Foundation, The Chivers Trust, Kerrison Trust, The Geoffrey Watling Charity and the Alfie Carpenter Charity for the Creative Arts. This year also marks our first unrestricted grant towards core costs from the Postcode Places Trust.
## **SPINNING WHEEL THEATRE'S PURPOSE AND OBJECTIVES**
As set out in our governing document, our purpose and objectives continue to be to advance education in the arts, in particular the art of drama by the organisation and production of touring plays and activities in rurally isolated communities in East Anglia and the surrounding area for in particular, but not exclusively, young people between the ages of 5 and 25.
Our vision and values, launched last year, continue to guide everything we create and how we create it:
## _**Spinning Wheel Theatre - Big stories in small places**_
We co-create inclusive, accessible theatre and creative experiences with and for children and families, shaped by their voices, experiences, and ideas. We make work that travels, that welcomes, and that meets families where they are — whether it’s in a school hall, a rural community centre, a library, or an arts venue. Everyone deserves a front row seat, and a story told just for them.
## **OUR VALUES**
**Connection** - by building meaningful relationships with our audiences, collaborators, and communities at every stage of the process we ensure our work is responsive, rooted, and shared.
**Authenticity** - by creating work that reflects real voices, lived experiences, and the communities we collaborate with, we honour
their stories with honesty, care, and integrity.
**Playfulness** - by embracing curiosity, imagination, and joy throughout our creative process, we invite experimentation, delight and surprise into every stage of the work.
**Generosity** - by sharing time, space, and ideas openly; with our collaborators, participants, audiences and peers, we create a culture of care, respect, and mutual support in everything we do.
**Kindness** - by leading with empathy, patience, and respect; we foster environments where everyone feels safe, valued, and able to contribute fully.
2
## **Spinning Wheel Ltd**
Company Registration Number - 07841365
## **Trustees' Annual Report for the year ended 30 November 2025**
These values have been woven into every project and partnership this year, and continue to shape the culture of our organisation from the inside out.
We’re an East Anglian based rural touring company, creating work with and for families and communities across the region. We have been a registered charity since 2016 (1170509), and a Company Ltd by Guarantee since 2011 (7841365). We are a small, nimble organisation, led by co-artistic directors with a combined 38 years of experience creating professional theatre and project management.
## **OUR ACTIVITIES, ACHIEVEMENTS AND IMPACT:**
## **A New Home for Spinning Wheel Theatre**
One of the most significant developments of this financial year was the securing of our first permanent office space. For a company that has, so far, always operated without a fixed base, working from homes, borrowed desks, and shared spaces, this represents a meaningful and long-awaited milestone.
Having a dedicated space has already had a tangible impact on how we work. It has given our team a stable, creative environment in which to collaborate, plan and make decisions. It has strengthened our sense of identity as an organisation and signals our commitment to sustainable, long-term growth. It is, quite simply, a place we can call home, and that matters enormously to a company whose work is so rooted in the idea of welcome and belonging.
## **FIVE LITTLE DUCKS**
This year saw the completion and full touring of _Five Little Ducks_ , Spinning Wheel Theatre’s first fully devised, non-verbal, immersive production for early years audiences: a show that has been one of the most ambitious and rewarding projects in our company’s history.
## **The Production**
Created with a team of six devising specialists, three performers, a composer, movement director and Makaton and access specialist, _Five Little Ducks_ used live music and song, puppetry, dance, Makaton signing and participatory play to create a warm, immersive world for children aged 1–4 and their families. The show was designed to be fully inclusive, welcoming children with and without additional needs, and with English as a second language, with no traditional theatre conventions or expectations placed on behaviour. Children were free to vocalise, explore, move around and engage with the story entirely in their own way.
The production was resident at Ipswich Library throughout December, with 42 performances, the majority of which were sold out. It then toured to The Workshop in King’s Lynn (10 performances in January) and the Angles Theatre in Wisbech (13 performances in February). In total, 65 shows were performed, attended by 1,028 people.
In a significant commitment to accessibility, one third of all tickets were offered free to families in need, distributed through Jobcentre Plus and Children’s Services. 47 of these tickets were taken up, enabling families who might not otherwise have been able to attend to experience live theatre, many for the first time.
## **Audience Impact**
- 76% of parents and caregivers told us this was their child’s first experience of live theatre.
- 97% said attending the show had sparked an interest in attending other performances in the future.
- 93% said the production had allowed their child to have fun and experience new things.
- 88% of parents said the experience had entertained them and made them feel more connected to their child.
- 75% said it had put them in a good mood; 61% said it made them feel uplifted
3
## **Spinning Wheel Ltd**
Company Registration Number - 07841365
## **Trustees' Annual Report for the year ended 30 November 2025**
## Audiences said:
_“I felt the attention to detail throughout the whole production was incredible, extremely high quality. The way the set was created meant that it felt like sitting in a whole different world - a warm cocoon where magic and adventure happens. Thank you for a gorgeous and joyful 45 minutes.”_
_“A perfect introduction to ‘theatre’ for my 3-yr old grandson. Fast moving enough to hold his attention without being too long. Well done to the very talented performers.”_
_“Creative, beautiful, age appropriate, talented young actors who were lovely to all the children. Wonderful props and scenery. Amazing performance. Music superb. We as a family loved it so much.”_
## **New Partnerships & Legacy**
The project established significant new relationships with The Workshop in King’s Lynn, Cambridgeshire Children’s Services, and Jobcentre Plus across Suffolk and Norfolk, while deepening our existing partnerships with Suffolk Libraries and the New Wolsey Theatre. Ticket sales averaged 80% across the entire run, proving the appetite for this kind of inclusive, early years work. The total number of people engaged across co-creation and production phases was 1,138.
This production has opened a new chapter for Spinning Wheel Theatre. Having documented our learning from the creative process, we are exploring how to bring the show to more audiences in the coming years and further explore this accessible practice.
## **JUBILANT! YOUTH ARTS FESTIVAL 2025 — ‘ROOTS’**
This year, Spinning Wheel Theatre was commissioned as one of several creative practitioners to contribute to the _Jubilant! Youth Arts Festival 2025_ , organised by Stowmarket Culture Group. Working collaboratively with Abbot’s Hall Community Primary School and Fox Yard Studios in Stowmarket, we designed and delivered a multi-disciplinary art and sound project on the theme of “Roots”, engaging 60 children across 16 hours of sessions.
The project began with the children listening in nature, using both simple and high-tech devices; cupped hands, ear trumpets, and hydrophones buried in soil, to capture hidden underground sounds such as insect activity. These recordings were then explored creatively through poetry writing, with each child crafting a poem imagining the underground world the sounds represented.
Children then translated their poems into a shared visual artwork: each child was given a section of canvas bearing an outline of a root network, connected to all the other canvases in the class. Using drawing, collage, paint and mixed media, they created their own underground world. When brought together and installed in the gallery space, the individual canvases reassembled to reveal a complete underground root system; a powerful visual metaphor for connection and collaboration.
The children’s poems were recorded and edited together with their underground sound recordings to create an immersive soundscape, played throughout the gallery during the festival, bringing their whole underground world to life for visitors.
4
## **Spinning Wheel Ltd**
Company Registration Number - 07841365
## **Trustees' Annual Report for the year ended 30 November 2025**
## **LET’S MAKE MORE HISTORY!**
Building on the success of our _Let’s Make History_ programme (delivered in 2024), this year we launched _Let’s Make More History!_ - an extension of the project, incorporating the learning from the original programme alongside a response to the changing cultural landscape in the East post-Covid and cost of living crisis.
This new iteration works with children aged 6–11 to explore the history of the Iceni and other Iron Age tribes in Norfolk, co-creating an exciting ‘horrible history’ style theatre performance. With support from the Norfolk Museums Service, the project includes artefact handling workshops at Ancient House Museum in Thetford and Lynn Museum in King’s Lynn, as well as guided historical walks in both towns led by newly trained volunteers. These walks highlight archaeological sites and key historical moments, helping children place their learning in a real-world context.
The project is designed to make history accessible to children who face financial barriers to participation, and to support SEN students and those with different learning needs through immersive, alternative educational experiences that bring the past to life.
_“This [would] allow the students to make tangible links with history. It brings history to life and makes it real. It allows for greater engagement from all children especially those for whom the classroom environment can be challenging or for those with SEND needs.”_
## — St Martha’s Catholic Primary, King’s Lynn
In 2024–25, we delivered the research and development and co-creation phases of the project, with facilitators leading workshops with 11 children at Ancient House Museum’s Junior History Club, to introduce artefacts and historical context, generating 68 hours of participatory activity. The co-creation R&D and performance phases will be delivered in the next financial year.
## **2024–25 Engagement at a Glance**
- **Total audience numbers:** 1,028
- **Total number of service users:** 1,117
- **Number of new service users:** 1,107
- **Total hours of participatory engagement:** 1,857.5
- **Number of volunteers:** 7
- **Volunteer hours contributed:** 52.5
## **STRATEGIC GROWTH & PARTNERSHIP**
This has been a year of real organisational progress. The securing of our own office space for the first time marks a new era for the company, one in which we have the infrastructure to match our ambitions.
We have continued to develop and deepen our partnerships across the region, including with Suffolk Libraries, the New Wolsey Theatre, the Norfolk Museums Service, Hightide and Stowmarket Culture Group. Our commissioning by the Jubilant! festival is a testament to the growing reputation of our work, and our continued investment in community-led, participatory practice.
The success of _Five Little Ducks_ has opened doors to new venues and audiences, and demonstrated the value and appetite for genuinely inclusive early years work. Meanwhile, _Let’s Make More History!_ builds on our proven heritage model, extending our reach into Norfolk and deepening our relationship with the museum sector.
5
## **Spinning Wheel Ltd**
Company Registration Number - 07841365
## **Trustees' Annual Report for the year ended 30 November 2025**
## **LOOKING AHEAD**
As we look to the year ahead, we carry with us the momentum and learning of an exceptional twelve months. We are excited to continue developing Let’s Make More History! towards its full performance phase, to explore new opportunities as a result of Five Little Ducks, and to continue building the partnerships and relationships that make our work possible.
We are proud of what we have achieved this year and excited by what lies ahead. With a home of our own, a growing body of work and a community of partners and supporters behind us, Spinning Wheel Theatre is in the strongest position it has ever been.
## _**Public benefit**_
The trustees confirm that they complied with the requirements of section 4 of the Charities Act 2011 and have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
## _**Structure, governance and management**_
Spinning Wheel Limited is a company limited by guarantee. The company incorporated on 9th November 2011, and registered as a charity on 1 December 2016.
New trustees appointed during the year are familiar with the work of the charity and have been issued with the Commission's guide "The Essential Trustee" in order to familiarise themselves with the role of a trustee.
6
## **Spinning Wheel Ltd**
Company Registration Number - 07841365
## **Trustees' Annual Report for the year ended 30 November 2025**
## _**Financial review**_
## _**The charity's financial position at the end of the year ended 30 November 2025**_
The financial position of the charity at 30 November 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|Restricted Revenue Funds
**Total Funds**
**Net income**
Unrestricted Revenue Funds available for
the general purposes of the charity|**2025**
**£**
(25,211)
35,606
2,033
37,639|**2024**
**£**
44,249|
|---|---|---|
|||37,035
25,815|
|||62,850|
## _**Financial review of the position at the reporting date, 30 November 2025**_
The trustees consider the financial performance by the charity during the year to have been good with grants being obtained from a wide range of funds. This has enabled the charity to meet its objectives in advancing education in Arts within East Anglia.
## _**Policies on reserves**_
The company endeavours to maintain a level of reserves that will enable it, if the situation arises that funding is curtailed, to carry on its activities whilst alternative sources of funding are obtained.
## _**Availability and adequacy of assets of each of the funds**_
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## **Details of The Independent Examiner**
Claire Bisset Chartered Accountants The Oaks Broad Road Stowmarket Suffolk IP14 4HR
7
## **Spinning Wheel Ltd**
Company Registration Number - 07841365
## **Trustees' Annual Report for the year ended 30 November 2025**
## **Statement of the Directors' and Trustees' Responsibilities**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP).
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
- prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
## **Method of preparation of accounts - Small company provisions**
The financial statements are set out on pages 10 to 21.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016).
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
his report was approved by the board of trustees on 10th August 2026.
A POTTER Director and Trustee
8
## **Spinning Wheel Ltd**
## **Independent examiner's report to the directors of Spinning Wheel Ltd**
I report on the financial statements for the year ended 30 November 2025 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
## **Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report**
The charity's trustees (who are also directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's directors consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the Act)) and that the financial statements are subject to an independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
- a) examine the financial statements of the charity under Section 145 of the Act;
- b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Basis of Independent Examiner's Statement and scope of work undertaken**
My examination was carried out in accordance with the General Directions given by the Charities Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented within those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts and my report is limited to the matters set out in the statements below.
## **Independent Examiner's Statement, Report and Opinion**
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
- accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;
- have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of
- Recommended Practice for Accounting and Reporting by Charities) (The SORP).
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.
## **Signed:-**
Claire Bisset - Independent Examiner Chartered Accountants The Oaks Broad Road Stowmarket Suffolk IP14 4HR
This report was signed on 10th August 2026.
9
## **Spinning Wheel Ltd - Statement of Financial Activities for the year ended 30 November 2025**
## _**Statement of Financial Activities (including the Income and Expenditure Account for the year ended 30 November 2025)**_
|**Income from:**
Donations & Grants
A1
Charitable activities
A2
Investments
A4
**Total income**
**A**
**Expenditure on:**
Charitable activities
B2
Tax on loss on ordinary activities
B3
**Total expenditure**
**B**
**Net income for the year**
**Reconciliation of funds:-**
**E**
Total funds brought forward
**Total funds carried forward**
**SORP**
**Ref**
**Net movement in funds**|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
10,250
6,751
143
|**Current year**
**Restricted**
**Funds**
**2025**
**£**
41,494
-
-
**41,494**
65,276
-
**65,276**
**(23,782)**
**(23,782)**
25,815
**2,033**|**Current year**
**Total Funds**
**2025**
**£**
**51,744**
**6,751**
**143**
**58,638**
**93,421**
**(9,572)**
**83,849**
**(25,211)**
**(25,211)**
**62,850**
**37,639**|**Prior Year**
**Total**
**Funds**
**2024**
**£**
99,679
4,000
190|
|---|---|---|---|---|
||**17,144**|||**103,869**|
||28,145
(9,572)|||78,939
(19,320)|
||**18,573**|||**59,619**|
||||||
||**(1,429)**|||**44,249**|
||**(1,429)**
37,035|||**44,249**
18,600|
||**35,606**|||**62,850**|
A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.
All activities derive from continuing operations.
10
## **Spinning Wheel Ltd - Statement of Financial Activities for the year ended 30 November 2025**
**Statement of Total Recognised Gains and Losses for the year ended 30 November 2025**
|**Surplus for the year :-**
**_Income from operations before tax in the Statement of Financial Activites_**
**Net Movement in funds before taxation**
Taxation refund arising in the year
Prior year tax adjustment
**Funds generated in the year as shown on Statement of Financial Activities**
Net excess of income over expenditure from operations before tax|**2025**
**£**
(34,783)
**(34,783)**
**(34,783)**
9,572
-
**(25,211)**|**2024**
**£**
24,930|
|---|---|---|
|||**24,930**|
|||**24,930**
20,518
(1,199)|
|||**44,249**|
## **Movements in revenue and capital funds for the year ended 30 November 2025**
## **Revenue accumulated funds**
|**Unrestricted**
**Funds**
**2025**
**£**
Accumulated funds brought forward
37,035
(1,429)
**35,606**
**Closing revenue funds**
**35,606**
**Summary of funds**
**Unrestricted**
**and**
**Designated funds**
**2025**
**£**
Revenue accumulated funds
35,606
Recognised gains and losses before transfers|**Unrestricted**
**Funds**
**2025**
**£**
37,035
(1,429)|**Restricted**
**Funds**
**2025**
**£**
25,815
(23,782)
**2,033**
**2,033**
**Restricted**
**Funds**
**2025**
**£**
2,033|**Total**
**Last year**
**Funds**
**Total Funds**
**2025**
**2024**
**£**
**£**
62,850
**18,600**
(25,211)
44,249
**37,639**
**62,850**
**37,639**
**62,850**
**Total**
**Last Year**
**Funds**
**Total Funds**
**2025**
**2024**
**£**
**£**
**37,639**
62,850|
|---|---|---|---|
||**35,606**|||
||**35,606**|||
## **The notes attached on pages 14 to 21 form an integral part of these accounts.**
11
## **Spinning Wheel Ltd - Statement of Financial Activities for the year ended 30 November 2025**
## **Spinning Wheel Ltd**
## **Income and Expenditure Account for the year ended 30 November 2025 as required by the Companies Act 2006**
|**_Income_**
Income from operations
Interest receivable
**Gross income in the year**
**_Expenditure_**
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Governance costs
**Total expenditure in the year**
Tax on loss on ordinary activities
**Retained surplus for the financial year**
**Net (expenditure) / income before tax in the financial year**
Investment income
**Net (expenditure) / income after tax in the financial year**|**2025**
**£**
58,495
143
**58,638**
**92,234**
**-**
**1,188**
**93,421**
**(34,783)**
(9,572)
**(25,211)**
**(25,211)**|**2024**
**£**
103,679
190|
|---|---|---|
|||**103,869**|
|||**77,899**
**-**
**1,040**|
|||**78,939**|
|||**24,930**
(19,320)|
|||**44,249**|
|||**44,249**|
All activities derive from continuing operations
**The notes attached on pages 14 to 21 form an integral part of these accounts.**
12
## **Spinning Wheel Ltd - Balance Sheet as at 30 November 2025**
|Note
**SORP**
**Ref**
**Fixed assets**
A
Tangible assets
10
A2
**Current assets**
B
Debtors
11
B2
Cash at bank and in hand
B4
**Total current assets**
**Creditors: amounts falling due within**
**one year**
12
C1
**Net current assets**
**The total net assets**
**Restricted funds**
Restricted Revenue Funds
15
D2
**Unrestricted Funds**
Unrestricted Revenue Funds
15
D3
**Designated Funds**
Designated Revenue Funds
15
D3
**Total charity funds**
**Funds of the Charity**|
**2025**
**£**
-
10,080
163,205
173,285
(135,645)
37,639
37,639
2,033
26,457
9,150
37,639|**2024**
**£**
-
20,952
69,963
90,915
(28,065)
62,850
62,850
25,815
37,758
(723)
62,850|**2024**
**£**
-
20,952
69,963
90,915
(28,065)
62,850
62,850
25,815
37,758
(723)
62,850|
|---|---|---|---|
|||||
||||62,850|
||||25,815
37,758
(723)|
||||62,850|
The directors are satisfied that the company is entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 9.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
## **A POTTER**
Trustee
Approved by the board of trustees on 10th August 2026.
**The notes attached on pages 14 to 21 form an integral part of these accounts.**
13
## **Spinning Wheel Ltd**
## **Notes to the Accounts for the year ended 30 November 2025**
## **1 Accounting policies**
## **Basis of preparation and accounting convention**
The accounts have been prepared in accordance with Accounting and Reporting by Charities: statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.
Spinning Wheel Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **Going Concern**
There are no material uncertainties about the charity's ability to continue.
## **Income**
All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income can be measured reliably.
## **Recognition of liabilities and expenditure**
Expenditure, is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates.
## _**Tangible fixed assets**_
Tangible fixed assets are initially recorded at cost, with the exception of those valued at £250 or less. These are expensed through the Statement of Financial Activities.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Plant and machinery
20 % straight line basis
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor.
## **2 Liability to taxation**
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the Statement of Financial Activities.
14
## **Spinning Wheel Ltd**
## **Notes to the Accounts for the year ended 30 November 2025**
## **3 Significance of financial instruments to the charity's position**
The charity has no financial instruments
## **4 Net surplus before tax in the financial year**
|**4**
**Net surplus before tax in the financial year**|||
|---|---|---|
|Depreciation of owned fixed assets
Trustees' remuneration
**5 Taxation**
UK corporation tax
**6 Staff costs and emoluments**
**_Salary costs_**
Trustees' Remuneration for governance as detailed in note 7
Trustee's Remuneration for fees associated with charitable activities
**Total salaries, wages and related costs**
The net surplus before tax in the financial year is stated after charging:-|**2025**
**£**
-
54,100|**2024**
**£**
-
31,281|
||**2025**
**£**
(9,572)
**2025**
**£**
-
54,100|**2024**
**£**
(19,320)
**2024**
**£**
-
31,281|
||**54,100**|**31,281**|
The details of remuneration paid to trustees is shown in note 7
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
## **7 Remuneration and payments to Trustees and persons connected with them**
|**_Remuneration payable to trustees or connected persons_**
A Potter
R Gibbs
R Stubbs
**Total remuneration**|**2025**
**£**
20,338
20,812
12,950|**2024**
**£**
12,847
10,654
7,780|
|---|---|---|
||54,100|31,281|
Amy Potter, Roger Stubbs and Rebecca Gibbs were paid fees and reimbursed expenses in relation to their work as theatre directors, facilitators and set designers in the course of the normal charitable activities of Spinning Wheel Ltd. This is in accordance with the Charity's governing documents.
15
## **Spinning Wheel Ltd**
## **Notes to the Accounts for the year ended 30 November 2025**
## **8 Deferred income - Non-Public Bodies**
|**Restricted funds**
Small grants individually less than £1000
Alfie Carpenter Charity
Geoffrey Watling Charity
Kerrison Trust
**Total**
**These deferrals are included in creditors**
**Deferred income - Government and public bodies**
**Restricted funds**
Small grants individually less than £1000
The Arts Council
National Lottery Heritage Fund
**Total**
**These deferrals are included in creditors**
**Tangible fixed assets**
**Cost**
At 1 December 2024
Additions
**At 30 November 2025**
**Depreciation**
At 1 December 2024
Charge for the year
**At 30 November 2025**
**Net book value**
At 30 November 2025
At 30 November 2024|**Opening**
**Deferrals**
**£**
-
-
-
-|**Released**
**from prior**
**years**
**£**
-
-
-
-|**Released**
**from prior**
**years**
**£**
-
-
-
-|**Received**
**less released**
**in year**
**£**
-
2,000
2,500
5,000|**Deferred**
**at year end**
**£**
-
2,000
2,500
5,000|
|---|---|---|---|---|---|
||-|-
**Released**
**from prior**
**years**
**£**
-
(26,728)||9,500|9,500|
||**Opening**
**Deferrals**
**£**
-
26,728
-|||**2025**
**£**
9,500|**2024**
**£**
-|
|||||**Received**
**less released**
**in year**
**£**
-
-
124,722|**Deferred**
**at year end**
**£**
-
-
124,722|
||26,728|(26,728)||124,722|124,722|
|||||**2025**
**£**
124,722|**2024**
**£**
26,728|
|||||**Plant &**
**Machinery**
**£**
3,581
-|
**Total**
**£**
3,581
-|
|||||**3,581**|**3,581**|
|||||3,581
-|3,581
-|
|||||**3,581**|**3,581**|
|||||**-**|**-**|
|||||**-**|**-**|
## **9 Deferred income - Government and public bodies**
## **10 Tangible fixed assets**
16
## **Spinning Wheel Ltd**
## **Notes to the Accounts for the year ended 30 November 2025**
|**11 Debtors**
Prepayments and accrued income
Other debtors
**12 Creditors: amounts falling due within one year**
Trade creditors
Accruals
Deferred Income - Restricted funds
Corporation tax
Other creditors
**13 Income and Expenditure account summary**
**At 1 December 2024**
Surplus after tax for the year
**At 30 November 2025**|**2025**
**£**
508
9,572|**2024**
**£**
434
20,518|
|---|---|---|
||**10,080**|**20,952**|
||**2025**
**£**
422
950
134,222
-
53|**2024**
**£**
422
863
26,728
-
53|
||**135,646**|**28,066**|
||**2025**
**£**
62,850
(25,211)|**2024**
**£**
18,600
44,249|
||**37,639**|**62,850**|
## **14 Related party transactions**
There were no transactions with related parties in the year, except with regard to trustees' and directors' remuneration and trustees' expenses which are fully disclosed in note 7 above.
## **15 Particulars of how particular funds are represented by assets and liabilities**
|**At 30 November 2025**
Tangible Fixed Assets
Current Assets
Current Liabilities
**At 1 December 2024**
Tangible Fixed Assets
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
-
27,881
(1,424)|**Designated**
**funds**
**£**
-
9,150
-
**9,150**
**Designated**
**funds**
**£**
-
-
-
**-**|**Restricted**
**funds**
**£**
-
136,254
(134,222)|**Total**
**Funds**
**£**
**-**
**173,285**
**(135,645)**|
|---|---|---|---|---|
||**26,457**||**2,033**|**37,639**|
||**Unrestricted**
**funds**
**£**
-
39,243
(2,208)||**Restricted**
**funds**
**£**
-
51,672
(25,857)|**Total**
**Funds**
**£**
**-**
**90,915**
**(28,065)**|
||**37,035**||**25,815**|**62,850**|
17
## **Spinning Wheel Ltd**
## **Notes to the Accounts for the year ended 30 November 2025**
## **16 Analysis of movements in funds over the year**
|**_Unrestricted and designated funds:-_**
Unrestricted Revenue Funds
Designated Revenue Funds
**_Restricted funds:-_**
Grants and donations funding specific
theatrical productions|**Income**
**2025**
**£**
27,017
(9,873)
41,494|**Expenditure**
**2025**
**£**
(18,196)
(377)
(65,276)
**(83,849)**|**Other**
**Gains &**
**Losses**
**2025**
**£**
-
-
-|**Movement**
**in funds**
**2025**
**£**
**8,821**
**(10,250)**
**(23,782)**|
|---|---|---|---|---|
||**58,638**||**-**|**(25,211)**|
## **17 Ultimate controlling party**
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member.
18
## **Spinning Wheel Ltd**
## _**This analysis is classsified by conventional nominal descriptions and not by activity.**_
## **18 Donations and Grants**
|**Donations and Grants**|||||
|---|---|---|---|---|
|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
**Donations and gifts from individuals**
250
**250**
**Revenue grants from government and public bodies**
-
The Arts Council
-
Heritage Lottery Fund
-
**-**
**Revenue grants and donations from non-public bodies**
Small grants individually less than £1000
-
Foyle Foundation
-
Leche Trust
-
Suffolk Community Foundation
-
Cambridge Community Foundation
-
Kerrison Trust
-
Sylvia Waddilove Foundation
-
Boshier Hinton Foundation
-
Chivers Trust
-
Postcode Places Trust
10,000
**10,000**
**10,250**
**Total donations and gifts from individuals**
Small donations individually less than £1000
**Total public sector revenue grants**
Small grants individually less than £1000
**Total private sector revenue grants**
**Total Donations and Grants**|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
250|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
**-**
-
32,942
5,552
**38,494**
-
-
-
-
-
-
-
1,000
2,000
-
**3,000**
**41,494**|**Current year**
**Total Funds**
**2025**
**£**
**250**
**250**
**-**
**32,942**
**5,552**
**38,494**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**1,000**
**2,000**
**10,000**
**13,000**
**51,744**|**Prior Year**
**Total Funds**
**2024**
**£**
-|
||**250**|||**-**|
|||||-
33,410
49,969|
|||||**83,379**|
|||||2,300
5,000
4,000
1,000
2,000
1,000
1,000
-
-
-|
||**10,000**|||**16,300**|
||||||
||**10,250**|||**99,679**|
## **19 Income from charitable activities - Trading Activities**
|**Primary purpose and ancillary trading**
Ticket Sales
**Total Primary purpose and ancillary trading**|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
6,751|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
**-**|**Current year**
**Total Funds**
**2025**
**£**
**6,751**
**6,751**|**Prior Year**
**Total Funds**
**2024**
**£**
4,000|
|---|---|---|---|---|
||**6,751**|||**4,000**|
19
## **Spinning Wheel Ltd**
## **20 Total Income from charitable activities**
|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
Total income from charitable trading
6,751
**Total from charitable activities**
**A2**
**6,751**
**21 Investment income**
**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
Bank Interest Receivable
143
**Total investment income**
**A4**
**143**
**22 Expenditure on charitable activities - Charitable trading**
**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
Props and costumes
-
Venue Hire
-
Subcontract labour
20,759
Hire of equipment
-
**Total charitable trading costs**
**B2b**
**20,759**
**23**
**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
**_Employee costs not included in direct costs_**
447
306
**_Premises Expenses_**
2,371
1,200
80
**_Administrative overheads_**
21
242
45
652
77
578
296
**Support costs for charitable activities**
Training and welfare - staff
Travel and subsistence - staff
Rent payable
Room hire for meetings and storage costs
Light heat and power
Equipment expenses
Postage
Stationery and printing
Software licences and expenses
Advertising and marketing
Liabilty and contents insurance
Sundry expenses|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
6,751|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
**-**
**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
**-**
**Current year**
**Restricted**
**Funds**
**2025**
**£**
1,115
3,582
50,721
257
**55,675**
**Current year**
**Restricted**
**Funds**
**2025**
**£**
296
8,289
-
-
-
32
438
191
26
178
-
-|**Current year**
**Total Funds**
**2025**
**£**
**6,751**
**6,751**
**Current year**
**Total Funds**
**2025**
**£**
**143**
**143**
**Current year**
**Total Funds**
**2025**
**£**
**1,115**
**3,582**
**71,480**
**257**|**Prior Year**
**Total Funds**
**2024**
**£**
4,000|
|---|---|---|---|---|
|||||**4,000**|
|||||**Prior Year**
**Total Funds**
**2024**
**£**
190|
|||||**190**|
|||||**Prior Year**
**Total Funds**
**2024**
**£**
3,430
1,873
59,538
300|
||||**76,434**|**65,142**|
||**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
447
306
2,371
1,200
80
21
242
45
652
77
578
296||**Current year**
**Total Funds**
**2025**
**£**
**744**
**8,595**
**2,371**
**1,200**
**80**
**52**
**680**
**235**
**679**
**255**
**578**
**296**|**Prior Year**
**Total Funds**
**2024**
**£**
96
8,118
-
1,595
-
42
692
873
586
84
420
62|
20
## **Spinning Wheel Ltd**
## _**Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees**_
|**_examination fees_**|||
|---|---|---|
|_150_
_150_
**_Professional fees paid to advisors other than the auditor or examiner_**
34
-
**Total support costs**
**6,498**
**9,601**
As detailed in Note 24
Other legal and professional|**300**
**34**
**16,099**|_325_
189|
|||**13,083**|
## **24 Other Expenditure - Governance costs**
|Independent Examiner's fees
Board Meeting costs
**Total Governance costs**|**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
888
-|**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
-
**-**|**Current year**
**Total Funds**
**2025**
**£**
**888**
**-**
**888**|**Prior Year**
**Total Funds**
**2024**
**£**
650
65|
|---|---|---|---|---|
||**888**|||**715**|
## _**Professional fees paid to the Auditor or Independent Examiner in addition to audit and examination fees**_
|Assurance -Non audit or examination
Tax advisory fees
**Total other fees**
**Taxation**
Corporation tax
Corporation tax - prior year adjustments
**Total taxation costs**|**2025**
**£**
-
150|**2025**
**£**
150
-
**150**
**Current year**
**Restricted**
**Funds**
**2025**
**£**
-
-
**-**|**2025**
**£**
**150**
**150**
**300**
**Current year**
**Total Funds**
**2025**
**£**
**(9,572)**
**-**
**(9,572)**|**2024**
**£**
-
325|
|---|---|---|---|---|
||**150**|||**325**|
||**Current year**
**Unrestricted**
**Funds**
**2025**
**£**
(9,572)
-|||**Prior Year**
**Total Funds**
**2024**
**£**
(20,518)
1,199|
||**(9,572)**|||**(19,320)**|
## **25 Taxation**
21
## **Issuer**
**Issuer** Claire Bisset **Document generated** Mon, 10th Aug 2026 18:01:14 BST **Document fingerprint** a5ff0399c7eb7983f5cd9b7e8a74d694
## **Parties involved with this document**
## **Document processed**
## **Party + Fingerprint**
Wed, 12th Aug 2026 10:41:55 BST Ms Amy Potter - Signer (9138c9b28b40f9ab90b1074243d476a6)
## **Audit history log**
**Date Action** Mon, 10th Aug 2026 18:01:14 BST Envelope generated with fingerprint e07ba69e8a8a1c93168cce8bfd6c7486 (35.176.231.177) Mon, 10th Aug 2026 18:01:15 BST Document generated with fingerprint a5ff0399c7eb7983f5cd9b7e8a74d694 (35.176.231.177) Mon, 10th Aug 2026 18:01:15 BST Ms Amy Potter has been assigned to this envelope. (35.176.231.177) Mon, 10th Aug 2026 18:01:26 BST Document emailed to party email Wed, 12th Aug 2026 10:40:40 BST Ms Amy Potter viewed the envelope (92.40.219.225) Wed, 12th Aug 2026 10:41:55 BST Ms Amy Potter signed the envelope (92.40.219.225) Wed, 12th Aug 2026 10:41:55 BST This envelope has been signed by all parties (92.40.219.225) Wed, 12th Aug 2026 10:41:55 BST Signed document confirmation emailed to party email (92.40.219.225) Wed, 12th Aug 2026 10:41:55 BST Signed document confirmation emails have been sent to all parties (92.40.219.225)