R•9l•tsr•d numb•r. 09021628 Chartty numb•r: 1173766 CHINA PLATE THEATRE LTD (A company Ilmlted by guarantee) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CHINA PLATE THEATRE LTD (A ¢)mpany I￿. The TTu$iees confirm that the Ann[￿( re¢￿ and financial st8lemenl¥ ol the charitable company CoM￿Y with the cUrT￿t statutory requirements. the requiremnls of tho tharitable CC￿panY'S goveming document and th8 prtivis¢ons of the Ststement of Reo)mmended Practte ISORPI apphcgble lo charitie8 prepanng their accounts in accordance wrth the Financol Ropo￿n9 Standard ar4)￿10 in th• UK and Republt ol IrelarKI IFRS1021 leffectrye 1 Janugry 20191 Since the charity qualffjes as small under se¢f*)n 382 cl the Comp4Thies Act 2008. the Siraiegic report wuired of medium and 18r9e ¢ompani•s urKler the compan￿ Acl 20(% Istratsgic Report and Directors. Reporti Regu￿1￿1$ 2013 has been ¢)mitted. In reFQrting on tho Period 1 Aw"A 2024 10 31 M•rch 2025. tho Tru8le# of China Pllto would Ilke to off•r thanks lo th@ fund•fs, 8lakehokkn, p8rtn•rs. staff. and free￿¢￿￿ WIK) 8UPFQryed the ￿n￿anY thi8 y•8r. Obl•ctlv•• and •ctl¥lll . Pollcl•• •nd obkn To Jo%tance tho •rts for tho puts1￿ bonefft by the in pathihr, but not exduoivaty. of the arts or drama. In setting ot4'¢th4w •nd P￿Aning for activitw. ts Tru8to6s hav• gi￿ o)n•aderation to general 9UKlanc8 pul￿1$hed by the Charlfy commi￿on rol4b'ThJ to Publ￿ benefft 4r£luding the gYKlan￿ 'Publi¢ b•nefii', running ¢hanty IP821' The Comp4nYs mission 1$ lo d•vek¥> "a new mcthl of creating and prc*Jutyng Ihot wn$ up thè way perfomancè 18 made, WI￿ rn8keJ rt and who experie￿d by". In doing go. China Plate works t￿￿T[l$ 118 $ion of 'creolive cornmunili88 w¢J*ing trgethef to dol%fjr •xEr￿linary th•atr• 0xporlene￿ th81 fire the imagination, affect PO$￿e change and are open to all." b. Actlvltl•• und•rt•k•n to further th• ch•rlty* for th• publlc b•n•fft China PW 18 an art• chanty ts0￿d in &'nmingh*n and Juoss ts Wmt M￿lands. the UK. and intematsonalty We were eslablished in 20C6 and t￿arne a charity In 2017. We Pfodueofs.. w• work people lo make ere8bv¢ projects happen. from theatre and audK) anth)logigs. to training programmes and bu8 stop g•llefW. Cr•alNe Ccxnmunitses Making Chan98.' At China Plato. we bdi•ve trbat tho arts can th a cxu¢ial ml8 in making tho world a ljetteT ploce. We colL9b)ralg w*th different communit*$ to o>cr•at• cunural exper￿nceS that fire th& imaginabon and affect posilNe change ProJe¢ts in 2024QS irclud•d p￿•• Do Not T¢JKh, *thi¢h s•w Casty Bai* {Bimiin*kam Po81 Laureats 202 221 Wofking wrth National Trust voFunteers and young people from Feltham Young Offender InslitulKJn and free@last in Nechells to dev8*i a scnpl exploring cok)nHI hi$tOn6$ and syslernic wism. Talling the story of young Black acliv18t who ￿ imprisoned after stealing an Afn'can comb from a stately homo. Ihe pLgy premiered al 88￿ra0? Theatre Cov•ntry in Septarnter 2024 before being perfofm8d at Nab"ono1 Trust propert￿$ Attlngham Park and Upton House. and at HMP Oakwood lac£ompon*d by a weekbng work$hop delivered In p•rtnerydhip with Geese Theatrè). The prcfj.ect raised thvaren88$ and **K¢ated for charwJe, and had a profound impact on partr)ers and p8rt4cynts. Pa98 1 CHINA PLATE THEATRE LTD {A company 11m1t￿ by g￿Tant•e} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 Objectlvm •nd *etivltiM (conlinu•dl Yhis woJe¢t ha5 helped rw in vays I {￿Idn￿ imagin8. I ha￿ neurrMINerno tssues and can often become distant because of it, but this project has helped me to d￿eknp ways to cope and express myself confidently." y￿ng partipant frnm free@last 'Whal imm do Y￿ the prwect M￿ht have your "I have mm Vie￿ on institutk)nal rarjsm." HMP Oakwcxjd parbapant "I wanted to buikj our confKlence In Wofking drfferent per5pethe5 on our oS*tK)ns- expk)ring of b)nialism and empire...So, for me this Pfoject helFed us build confideft￿ and feel we can do more of this type of work ' Emma Havrthome. Assistsnt Director, Consutsncy- m￿￿ndS & East RegK)n. Nat¥)nal Trust In 2023 we supported Iheatre maker Chrts Ttwe to oslat*)raie senior fyures behind the Treaty on the Pfohibfoon ol Nu¢￿ar Wear•￿s and young pecpk from Youth4Disarmamenl lo find new ways to ra15e a4rdreness around nudear weaFh)ns and advocate tor disarnament. The resutt was Talking Atoul The Fire, which premwed at the Royal Court "puts the 'alNe' into 'lNe theatre. Time Outl. In 2024-25 toured the Sh￿ nab'onalty lo 12 UK venues as well as Internat￿alty, including b*'ng presented as part of the Osbo Pea¢e Days lalongsth the 2024 Nobel Peace Prize). trE PruKeton Prc¥Jrarnr￿ on Sc4e￿e and Global Secunty. and by invitatvJn of the Nuclear ￿ Peace Foundakn. "Talking Al￿1 The Fire is one of the ffk)st sonrftanl conln"butsons to aoh4anung the discussion on TruC￿ar weapons relaled nsks and the Treaty on the Prohibthn of Nuclear Weapons since tr£ Treaty itself was rwobaled arKI adopted in 2017." iknthe Laugh) Ostem. N(￿e9￿n Pwle's AKJ China Plate tour5 the UK and internat￿nalty, cdlat#)ratsng and making change wth communiks In 2024125 you could also find our work at bus slops ak)rwJ Soho Ro•J and 9e￿￿x8ted xross Handsworth In North Bwmingham, a5 part of ¢)ur k￿95￿ndIng wblic art proj'ects On Our Way and Soho Settlers.. in Edinbur9h al the Royal Col*e of Nursing. who h05ted our ¢Wre￿ aud￿ anthokw Humans Not Herces as part of Ihwr Unmaske(l exhib￿"On.. at the Nal]￿al Theaire. ¥rt￿re W￿ conts.nued to wh)rkshop To The Streets. our major Mus￿1 cekbrating crwl ryhls xtK)n. We also began a three-year prc*Jramme of work in WashWc￿xj Heath in 8irmingttam. HS2 and Ballour Beaty WNCI offe￿d funding for arts tygantsats)ns to ddNer projects in areas direcly impacted by HS2 wryks.. we are wK>rkiThJ wrth o)mmunty partners to undersland what they think the ne￿hbourt￿I needs and wts apwoxhes can help to ach*ve this. Opening Up the Arts.. China Plate also VKrts to change tr* cuknral sector. Our C4Kleati￿ apy0￿h opens up the way that art gets made, sharing the dwwn-making and InvoM"ng a wder range of Pwe In the prttess. In doing so. rt helps us break down barrieis that prevent from ￿e$￿'n9 arts as makers and &Jd*nces. Our work is indusNe, wekoming people Into cultural spaces. For example, 58% of Please t)0 Not Touch a￿d￿nCeS al our National Trust venues h&J never atterKled events at those venues befo￿. On average, on 20% of audierwJ who attend events at these propert￿ are under 65,. 58% of our audiences were under 65. 78% of the youry peo* Irom c￿r parts￿r (￿9￿￿alK￿ free@18St who vorted Atbryham Park had never visted a henlage property before. "l thought Ihal the art arHJ the house were EKeathtskwbg. not to mentkyb the garden. I think they shoubj do more events so more people wll be ab￿ lo exFef*nce what we dKI.- Young part￿1pant from free@last Abngsth our creative progrnmme, ¥￿ run training and develO￿nt inthtsves *thich nurture tslent - us on suptKirb'ng those from marginalised grtyjps underrepresented in the Cunural workforce. The Optimists, our annual Introduct￿7 to Prc#Ju¢ing. has been running since 2(K19 antl has SUPFX)rted over 350 emefgirKJ pr￿￿l￿rS across the UK In 2024 we delwefed the course in partnership venues ￿$$ Ihe Wesl Midknds.. Page 2 CHINA PLATE THEATRE LTD IA company Ilmlt•d by gu•rants•> TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 ObJectfv•8 •nd acll¥ltl•8 {contlnu•dl 8èk3r* Theatre co￿1￿. &nningham Hippc#lrome, Birmingham Rep. MKJlaryJs Arts Centre. Wolverhampion Ajls Centre. Warwick Arts Centre and Arena Theatre. 45% of path"pants were from the Global Majority. 53% were Oldeaf andlor d￿abled, and 55% neurodNerse. Ttrese Fercenta9es are far h￿her than the most recent Arts Council data for the Nabonal PcrfttolKI Myk￿. demonstrab.ng that are tackling UndeTrepreSentst￿ ￿lIe emp(y*en'ng the next generatr￿ of arts prc*Jucers. This year V*e were commissboned lo run besFoke versions of The Opb"mtsts SeSs￿n5 for Derty CAN. West M￿landS Combined Authority las part of their Ath"vale pwramme for creative freelaneersl. and Wofverhamplon Arts Centre. Whe￿ we delrvered their fifst ever New Producers wograrnme desyned io nurture the Ws ¢￿tr￿ communty. "Thi8 was a14fe-chan9ing expertnce. that I don't think I can c%>mpliment erM)ugh." Opb'mLsl 2024 "The Opts'mtsts reojgnised fast trxk to prcxlucing for your bxal indepermlent s￿. if you want to devek)p your Ic￿5 arts ecoksy giving the gfft of Tr Optmtsts is cM)e of best things you can do.. Ben Anderson, Diréctor of Lincoln Arts Centre Company perfomi•n¢• . Key ￿rforn￿Thce Indkator• 2024125 was a year of devebpment toured and shared sMaller-sca￿ projects layiro the groun(tr￿rk major inrtkgtives in lUfv￿ years. We reached 18,541 people across our live and dKdrtal w)fk. 3056 of whom were parb"cipanls in our engagement, training. and devewneni programmes. As *ell as the 10 stsff members we employed. ￿ worked vnth 86 freelan￿ ¢￿a￿"Ve5 lo ¢Jeliver (yjr pwrarnme across the year. 52% of our freelance creatNe workforce from Glob31 Majonty bxkgn)unds and 3￿ V•tre Dldeaf. disabled, andlor Income from grants arKI dOna1K￿.. £ 592.762 (2023r24: £ 581,4751 £ 158,788 {2023r24. £ 207.5391 £16.864 (2023r24. {£SS.384)) surplu￿(De￿r￿t>. Other incx)me from chafrtable xlivibes includes c¢Wod￿1lOnS with artists. whereby Arts Council England Proiect Grants and other inc¢)me is transferred to China Pugle Theatre to wjuce, njn and dose productions. In dJng $0 China Plate L8 &bvety eng4ed in the deoswi-making during the wcxjuction, wnning and closing phases of PToJuct￿￿s', makes effeth.ve ¢￿tive. technical and arb.stic ccffltributions lo the Ju¢tyon$ and dif￿ negotsates, contr¥ts and pays ts nghts. goc¥Js and Serv￿ in relatson to Ihe calU￿￿)n$. strand of income varies annuaty, derArKliThJ on how prOj￿ts are struthjred coyoducers. b. Or9anl8atlonal R•vl*df China Plate's vtsion and missw)n are underpinned by our dynarn￿ 202>26 Business Plan and our cg)mmitment lo progressive, inclusNe, and access¢ble working wxbces. In 2024r25 ¥￿ selected lor Wesl MKllands Combined AulhonVs Future Boards ￿￿eterator. ChaM￿.0n1n9 inclusNe govemance across the regw)n. We o)nkn'nued our Inlernatsonal Tounng and Enwronmental Responsibility forum peers from xross the UK and Oenmark, funded by Arts Council England and the Danish Arts Fouftdat￿n. We JO￿ Lena Davies. wrt￿ will evaluate China PL4te's workin9 model and impact on communities over the next *ght year5 as part of an AHRC-fvnded m￿land84C￿"eS ColLgborats"ve O¢xtoral Award PhD, $upeM"sed iointy by the Uniwersty of Bimiingham and the UnNersity of Wawck We continued our ongoing Asscoate Producer5 pn)gramme, and hosted an intemship through UnNersty of Birmingham's &ExFenen¢ed I￿(sary scheme Page 3 CHINA PLATE THEATRE LTD IA ¢tynp•ny Ilmitod by guarant•e) TRUSTEES. REPORT {COPrnNUED} FOR THE YEAR ENDED 31 MARCH 2025 Company p•rfornunce (¢ontlnu¢dl 2024r25 was the sK4)nd year of our sec¢y)d Nati(￿al Portkkn agreement Arts CtyJnol England We also continued our ongoing fundbng re￿tiOnshipS the John Elknnan FOundat￿n and the Binks Trust, and we dr￿r$￿￿o our ir￿rne by securing partnefships wth ¢ommefual wcrfJuceTS and classical music venues, tenders lo delNer training on behalf of West MKllands comly.ned Aulhcyity and kcal arts partners, and a major contrxt IrThn Balfour Beatty VINCI to deliver TAryk in Wash￿￿)J Heath (wer the next Ihree ￿8[3 Flnanclal rnvl•w . Resorv•s polky It is the of the charty to maintain un￿trthd fvnds, which a￿ the free rese￿e$ of the tharity, at a level that equates to nol ￿sS than three months ￿re unreslricted expendilure. This provides suffiaent fvnds to cover managemen( administratM)n and suppcKt P￿Sts. At 31 March 2025. our deS￿nakn1 owating reseTh￿ stooj at £125.(KM) {2024'. £125,0(M)) rewesenbn9 three months. running costs. This is Ind￿ in Dwnated Reserves. The Board has 8pwov&I a wherety up to £20.(￿ of our op8rnb.ng reserve may be teMp￿￿nIY rdeased then reinflated cashllN wrposes rf requiral. subject to approval ￿￿e$s. A hjrther £155,C(Q {2024". £150,OC(l) has been Included as deswnated produclw reserves being funds commrtted to projects and proJuCt￿nS for 2025126. ThB ts tKoken dcr•m across". Artist and Facilitation Costs 15%), Pr￿l￿Ong Costs146%). Deveh¥ment Prograrnme Pr(Kluang Costs124%1 & Project Support Costs124%1. The balan￿ of unrestr¢W reser¥es ￿ £21.13412024'. £22.3461 b. Prfnclp•l rf8k• and unc•rtalntl•8 In 2024r25 the (x)mpany managed the folkl￿.￿ r*ks. c(mts.n￿ to be reknnl into 2025126". Financ￿ risk.. UK Ecmyny The W￿er finan¢wl srtuabon, Including increases In intlation and cost of liwrKJ, [￿e5 a sunrfKant risk to the arts sector as a whole. We conb.nue to our budgets and rAans lo resrond to increased Ca￿taliSat￿1n costs, and the increased costs our slaff will be faced wth (to help ensure staff retent￿> Finanoal risk.. Reduct￿ ￿ arts fvrttying (ind￿Jing tnjsts and fwndations. cr the Inductlon and tralnlng of TnNt¢es New trustees receNe Onentat￿ informakn to tK*f trem on their legal oblyatkins under chanty and company law. the content of the c0nsb.tut￿ft, Ihe deCiS￿n making pnxesses, the business ￿an and recent financ*1 pertomiance of the chanty. The Company holds events iM)ard mèmbers have th¢ ¢)PPOrtunty to meet employees, other trustees and see examples of the compatys VA)rk. Trustees are encouraged to attend appropnate extem* trainin9 events wlwe these will faulrtate the un(lertak￿9 of Ih&'r Tole. Plans for luturn p•rfrJd• In 202Y26 China Plate *ill c4)nlinue kn open up the Way that wlrnnc* is male. cdlat#)ratrng wth C4)mmunrt*s to deliver eXtr￿inary vA)rk that the imaginakn and affects FThiti've change. ThB year ¢yJr Fyryjuctions Talking Fire and Please Do Not Touch WIN tour rrwe w￿y. engaging a￿llenCeS across country and Internat￿lty fft vtsl convef5atsTh around nLthar dtsamament and tackling p￿e5 CHINA PLATE THEATRE LTD (A comwny limilod by guarantse) TRUSTEES. REPORT IcoKnNUEDI FOR THE YEAR ENDED 31 IAARCH 2025 Plan8 for fthuro p•rlod• (contlnuodl systern￿ ￿l$m. We'm devew p8rtnership With oryanisatNJns. orcheslras. and universittes. Our woth in wash¥￿0d Heath will see three art￿ts-1n-resKjence pathering wth local ¢omrnunty groups to create pYqeL#s. and *e'U delNer famity frwdty actrrfrt￿ for the neryhbOurt￿d xross a￿￿Mn. We'll Continue to delNer our UK4eading ￿ucer trainirKJ prc*Jrammes The Optsmists and Peop￿F0¢{l$ed ProdvThng in the West MKllands and te￿. We ￿11 prc#Juce our b￿nI81 Mustsl Theatre Workroom, supporting artists from the Global Majonty to develop new mush3Ls for the st•3e In partnership wth Fuel Theatre V*E'II also launch a major new strate9￿ partnership.. Touring Tc4Jether ￿11 see us ¢ollaiK*rate with Royal & Demgate N¢ythamplon, Oxft)rd PLgyhouse. WarvKk Arts Centre, Leed5 Playhouse. and Bnghlon Oomt to deveknp a and more suslainaile mc#Jel for mh4s¢ale theatre tounng In recent years our work wth communitss aryoss the UK ha5 exparyjed China Plale's horizons. From ¢)ur ongin5 as a theatre CAynpany. we rw pr(¥Juce across a ran9e of artfoms- including perf0M￿nce, film, digital projects, and publt art - in response lo th8 needs aThl ￿aS that encounter. In 202Y26 we will further explore this potents.al as come to devebp our BU￿neSS Pk3n for 2027 on￿ardS. Refernn￿ and •dmlnlstr4llve detsll8 of th• charlty, Its Iruste•• •Thl •dviMr4 Tr￿ta•S S Preece. Chair K.C. Stsnw R. M. Carter N. Le￿kY (res¥jr￿ 4 December 20241 C. A. Eile5-Murray C. H￿S P.B. Healett Company r•gl•tsr•d numb•r 09021628 Charlty r8gl•t•r•d numb•r 1173766 R•gl•t•red oflko Zell Gibb Street Birn)ingham 89 4AT Company ••¢r•lary C.R. Ctyjrtriey Drennan & Co Chartered ArAX￿ntants 64 Belsoe Pwk London NW3 4EH Artl•lle Dlr•ctorn Ed Collier Paul Wap￿k Page 6 CHINA PLATE THEATRE LTD (A company Ilmlt•d by guarantee> TRUSTEES. REPORT {COKTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 M•mbord' Ilablllty The Memtefs of the charity guarantee lo contribute an a￿￿)Unt not ex¢%eding £1 to the assets of the chanty in the event of wnding up. The Trustees {who are also the directors of the chanty for the wrp)5e5 of company lawl are restx)nsible for preparing the Trustees, ￿pyt and the financwl statements in aP￿icable Lgw and United Kingdom Accounting SLqndards Iuniled ￿ngdorn Generalty Accepted A¢¢ovnbn9 PractKel Company law requiw the Tfustees lo prepare financial ststernents for e&h financial . Under company law. the Trustee$ must not approve Ihe financial statements Un￿$5 they are satisfied that ty give a true and fair v￿W of the stsle of affairs of the charty and of ts Incoming resources and applica￿￿ of rex)urces. inctuding its income and exrendtture. for that perK#J. In preparing these financial siatements, the Tntstees are raquired to. Se￿ surtabte a¢counbrKJ Fdic￿ and Ihen appty them o)nsistenty.' otsseThe the methcds and prinupks of the Chantss SORP {FRS 1021,. make jth1gments arKI aCc￿nI￿ estsmaies tllat are r&3sonable and prudent state ￿ether ap￿•ble UK Acc￿n￿rtg StarKJards {FRS 102} have twi frAbyA*d. subl￿t to any material depa￿re$ dixjosed and ex￿air￿1 in the financ￿1 statements. prepare the finanual statements ￿ the gThng ba￿ un*s it is inapwopriate to presume that the charity will conts'nue in ￿sIness. The Truslees are reSp)n￿ble ft)r ke8piThJ adequate aCt￿n￿'r￿j recx*d$ that ate 5Lrtfic￿I to sh(yw and expkgin the charity's Iransactsons and disclose wth reasonable accuracy at any b'me the financkil pow1￿n of ihe chanty and trnab￿ them to ensure that the financol ststements compty the Compan￿$ Act 2006. They are also resFL)nwble for safeguarding the assets of the tharny and hence for taking reasonable steps for the preventson arKI detect￿ of fraud ar￿ cther irwulant*s. roved ty order of the members of the t*)ard of Trustees on 27 No4omber 2025 and on th•r behalf S. Prnec• Page 7 CHINA PLATE THEATRE LTO {A company limit¢d by guarantso) INDEPENDENT EXAIAINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Indep•nd•nl •Mminerfs rnport to the TnMt•M of Chln• Platg Theatrn Ltdllho ¢h•rlty'l I report to the chanty Tnjsiees an my examinalM)n of tr*e &counts of the chanty for the 31 Ma￿h 2025. Respon¥ibilili•8 and ba•ls of report As the Trustees of the charty larKF its directors for the PufF¥￿e$ of u)mpany l*wl you are responsible for the p￿parat￿)n of the ￿e￿rtts in ac¢tytsrKe wth the requifements of the Companies Acl 2C(6 I'trtre 2006 Acr Having satisfied myseff that the actt)unts of the chanty are not required to te audrted under Part 16 of Ihe 2006 Act and are ej￿Ible for Inder￿efit eXaminat￿n, I report in ￿SpeCt of my examination of Ihe charitys accounts camed out under SeC￿n 145 of the Charities Act 2011 2011 Acl'l. In carrwng out my eXaMinat￿n I have followed the Direcl]ons gNen by the Charty CommisS￿n under sectron 145lSllbl of the 2011 Act. Independent •x•min•rfs st•twn•nt Since the chanvs gross Income exceeded £250.OCrf) yY)ur examiw must be a member of a btsay ltsted ift sett￿n 145 of Ihe 2011 A£t l ¢))nfimi that l am qualffied lo undertake the ex3minatv)n L￿use l am a member of ICAEW. which is one of the listed t<*J*s. I have completed my examination. I Confi￿ Ihat no matters have ctsme to my attenlK)n in c￿ne¢ll￿ with the eXaMinat￿n giving me cause to believe accounting records were not kept in fespect ol the chanty as required by seclh)n 386 of the 20(￿ Act.. or the accounts do not accord wrth those records." or the ac(y)unts do not comply the ￿c￿ntsn9 requirements of Sect￿ 396 of the 2Cth Act other than any requirement that the accounts gNe a Ynje arml fairf not a matter 0)nS￿ered as part of an Independent examInat￿n". the accounts have not teen prepared in acJ)ydwtt *ryth the meth￿IS and prmples of the Statement of Recommended Pract￿ for aC￿nts"n9 and reportsn9 by charitss [appl￿ble lo Chan1￿ FKeparing thwr accounts In ac¢ofdan¢e Finanual ReiKKtsng Stsndard app1Ka￿e in the UK and ol Ireland IFRS 10211 I have no con¢em5 and have come across no other matter5 in COnnec￿n *Aryth the examinabon to which attent￿ shouk4 be drawn in thLS rerth in order lo enable a Pfop*r understanding of the ￿nts to be reached. This report is made sokly to the chafttys Trustees. as a LK4Jy. In accordance vthh Part 4 of the Chafrties (Accounts an¢J Report51 RegulalKJns 2008 P•fy *vrk fias teen undertaken so that I rn￿h1 state to the charivs Trustees those matters l am required to state to them In an InOeFendent examineff s report and for no other purpose. To the ftillest extent F¢rrnrtted by L7*. 1 do not a¢¢ept or assume reSrMY)si￿'Ity to anY￿e other than the charity and Ihe charitys Trustees as a bcty. for my work or for this report Syned.. Dated.. 27 NryrfemLw 2025 R G Drennan FCA. ICAEW 64 BelsLze Park, London NW3 4EH Page 8 CHINA PLATE THEATRE LTD (A company Ilmlied by guarante•) STATEMENT OF FINANCIAL ACTNrriES (INCORPORATING INcoMe AND EXPENDrruRE Accouprri FOR THE YEAR ENDED 31 MARCH 2025 Unr•strictsd R•stricl•d lund8 lund8 2025 2025 Totsl fund• 2025 Tot81 funds 2024 Income from: DonalKffis and grants Chantable ath.vit Investments Olher inco 288,582 132,788 331 141.084 163.096 26.000 451.678 158.788 331 141,084 393.851 207.539 187.624 Totsl In¢om• 562.785 189.098 751,881 789.014 Expendllur• on: Chantsbie aclmtss 558.997 176,020 736,017 855,398 Tol•l exwndilurn $58,997 176,020 735,017 855.398 N•t movom•nt In lund8 3,788 13,076 16.864 (66.384) RKonclll•tlon of funds: Totsl fvnds brought fopKard Not movement in lunds 297.346 3,788 297.346 16,804 363,730 (66.384) 13,076 Totsl fvnd• ¢arrl•d lomrd 301.134 13.076 314.210 297,346 The Statement of financial xtr¥1￿ I￿JudeS am gar￿ armfj los￿ recy)gnised in ytar. Page 9 CHINA PLATE THEATRE LTD IA company limtted by guarnntse) REGISTERED NUMBER: 09021628 8ALANCE SHEET AS AT 31 IAARCH 2025 2025 2024 Flxed amel• Cufv•nt aM•is D8blors Cash at bank and in hand 11 116,830 155.263 212.809 111.917 351J93 324, 726 Cufr•nt Ilabiliti Credrtors.. amounts falling due V*ilhin one 12 (37,683) (27,380) Net curr•nt a•••ts 314210 297.346 Total as••ts108• currnnt Il•bllltt 314,210 297.346 Not assets 314.210 297.346 Total nat awts 314.210 297.346 Ch*rlty lunds Restncted funds Unrestncled fvnds 13.076 301.134 297.346 Total fund• 314.210 297.346 ¢hanty was enlitled to exemptrrfb Irrxm 8￿JIt uThJer seLtN)n 477 of the C(¥npanies h£t 2(X]6. The mernbers have not required Ihe compwry to obtan an a￿111 for the year in qufrst￿ in accordance seC￿n 476 of compan￿ kt 2( The Tnjstees acknovledge their responsibilrt*s for c£ffiptyin9 *ith the requirements of the Ad ¥￿th respect to ac￿n￿n9 records and preParat￿n of financ￿1 statements. The financial statements have teen oYepar•J in ￿(￿08n￿ wth the apPl￿ble to entities subl￿t to the Sm￿1 Compan￿ regime. The financial statements apwov&J and author￿ fN issuti ty the Tn￿te85 on 27 Novembfrr 2025 arKI s￿ned on thar behaw by: S. Pro•co Page 10 CHINA PLATE THEATRE LTD IA company Ilmlted by guarnrrte•> NOTES TO THe FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 G•n•ral Infomiatk)n The ¢hanty is a UK limrted cwipany registeA&J at comp￿*& H(xtse in Engla￿1 & Wabgs and with the Chanty Commi$sM)n. counting polki 2.1 Bash of pr•p•r•llon of flnancl•l •tat•m•nts The finanaal statements have been prepared in acct*rdanee ￿ the Charities SORP {FRS 1021- Accounb"ng and Reporb"ng by Chanks.. Statement ol Recommended Pffxt￿ appluble to ¢harit p￿Pann9 their a¢¢ounts in accordance wth the Finanaal ReFQrting Slandard applicable in the UK and Repu￿￿ of Ireland (FRS 1021 leffectNe 1 January 20151, the Financ￿1 ReFortsng Standaro ap￿leable in the UK and ReWbI￿ of Ireland IFRS 102) arKI the compan￿ Act 20(￿. China Plate Theatro Ltd meets Ihe aefinrtI￿ of a wblt benefft entrty under FRS 102. Assets and 1rd￿"11t￿ are inrtk41ty reccsnL8ed at histoThA cost or transaction value unbess otherwise stated in the relevant accountsry pow. 22 Incom• All InC￿e is re￿niSed once the chanty has entitle￿1 to the income. bt B probabb that the income Grants are included in the Statement of finanoal on a recerrfable basis. The balance of income received for speufic purpjses but not expended dunng the pericxj is shown in the ￿levant fuThJs on the Balar￿e sheet Where income is recaved in advance of entrtlement of receipt. its reccgnition is deferred and induded in eredrtors as deferred in(¥yne. IAlhere entsuemenl occurs befo￿ income ￿ receNed. Ihe income is accrued. Other income frtyn charitable activibes indudes c(wr0d￿tI)nS vrith athsts, whereby Arts Countsl Engknd Grants for the Ajts I ProJe¢t Grants and other income ts transferred from ccpprc#Jucers to China Pme Theatre to prtsjuce. Tun and ctse In dTh'ng so China Plate is active engaged in". the deCiS￿akIng during the prcéuctwjn. running arvj ¢b)sing phases of prc¥Juctions.' makes effectNe Creative. techntal arKI arIts￿ ¢ontrTr"bLthns to the prcxJuctKJns, and difecty negot￿te$, contracts and pay5 for nghts, goods and Selv￿e5 In relat￿n to the prfrductions. This strand of income Va￿ ￿nualty. d￿ndIng on h(Mt pr￿￿ts are structured wth COthpfc*Ju¢8fS. Page11 CHINA PLATE THEATRE LTD IA company limit•d by guarant••) NOTES TO THE FINANCIAL STATEIAENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ountlng pollclo8 l¢ontlnu•dl 2J Ex￿￿1￿1* Expendrture is recognK%ed 0￿e there 15 a legal CY constnxtrle obligaticm to transfer econom￿ benefft to a third party. rt is probabbe that a transfer of ￿onom￿ benefits will be required in setdement and the amounl ol the can be measured Expenditure is classified by xts.vty The costs of each ath.wty a￿ made up of the tolal of direct costs and shared costs. Induding support costs inVo￿ed in undertaking each thty. Direct costs alln"butable to a ￿ngle acknvty are allocated directly lo that acbvty. Shared costs contribule to more than one actiwty and supFort costs wh￿￿ a not attributsb￿ to a singbe acbvty are apFrf)rt￿ned those actiVrt￿S on a basis consistent wth the use of resources. Central staff costs are alkxated on the basss of tsme spenL and deprwatson charges alkxated on of ￿ assefs use Expendthre on chwtable aclJYths bs inujrred on directy undertaking the xtr4itses which further the ¢hanVs oityectrth. as V&ell as any assctoted supp)rt costs. 2A Interest recelvab reliabty by the ¢h8rty, thts is nomwlty up)n rKJtrfi¢ation of the interest Pa￿ or payable by the Inslrtulion th fvnds are deF#Xrted. 2.5 D•trtov• Trade and otlw debt(￿ are recc*)nLwJ at SettleTh￿ a￿1)Unt after any trade d￿OUnt offered. Prepayments are valued at the amount prepaKI r*t of any irnde dwounts due 2.6 Cash at bank and In hand Cash at bank and in hand irKIth cash aThJ $tAy14erm highty IiquKI invesbnents with a short maturity of thw Thjnlhs or less from d*e of acqufyt￿ or ¢)pening of U)e derwt CK simikr a¢xount 2.7 L￿bIlItIe* and wovl8lon• LBbilit￿ are recognised there is an oblw8tTh at the sheet date as a tesult of a past event, rt is probabbe that a transfer ol benefft will te required in setdement, and the amount ol the selUem￿ can be eslimated reI￿bty Liabilit*s are recognised at the am[￿nt that the chanty an1￿1paleS it will pay to setue the debt or the amount rt ha) recxved as thanced payTnents for the gr￿d¥ or servKes it must provth. ProvL*v)ns are measured at the ￿$1 estsmate ol the amounts rffjuired to setye the o￿19a￿.0n. Where the effect of the ttme value of money ￿ maten81. the provish)n ￿ based on the present value ot those amounts. di$￿un￿d at th8 pre-tax dL8a)unl rate Ihal refiects the risks specthc to the Iwbilty. The uMrKling of the d*Cl￿nI ts reco9nis•J in the State￿t of financial as a finance cost Page 12 CHINA PLATE THEATRE LTD (A company Ilmilod by guarnnts•) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ac¢ounllng poll¢le8 l¢ondnuod) 2.8 Fund accountlng General funds a￿ uno5trthd fvnds are availabbe ft)r use at the discretion of the Trustees in purposes. Desunated lunds comprise Unrestri￿ funds that have teen set asth by the Trustees for partthlar purFoses. The aim and use of each desKJnated fund is set out in the notes to the financml Restncted fvnds are furKls are to ￿ used in accordance wth restn"th"ons irnp)sed by donors or whth have been raised by the Chanty for part]oJlar purFQ5es The costs of raising and JmIn￿lefin9 such funds are charged against the specfft fvno. The aim anL1 use of each reslrKled fund is set out in notes to the financial statements. Incom• from don•tion• and lryaci unrns1rl￿ Ro8trlct•d funds funds 2025 2025 Total lunds 2025 Grnrrt• Arts Council EngL8nd John Ellemian FoundatM)n CommiSs￿n IncAYne Nat￿￿1 Lottery Henlage Fund Danbsh Arts FourKlat*)n 253.582 136,403 389,985 30.000 8.760 9,941 7,992 9,941 Subtotal 283.S82 163.096 448,678 Binks Trust Subtotal 5,000 Total 2025 288,582 163,096 451.678 Restricted Arts Council Income.. whereby Axts CwrKil England PrO￿¢t Grants i￿)Me is transferred from ctrprodLtet5 to China Plate Theatre to prcrfluce. run and ck)se productK)ns. Page 13 CHINA PLATE THEATRE LTD (A company limiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ITr￿￿? from donatlon• and legacl•• Icontlnu•d) fvnds 2024 nds 2024 fynds 2024 Grnnts Art5 Counal England John Ellerman Commissb)n ItKc*ne 253,582 40,569 294.151 51.069 17.131 68.2C Subtotsl d•l•ll•d dl•¢lo•ur• 334.651 57. 709 392.351 Grants Sutrtotal Total 2024 334.651 59.2 393.851 Other grants received frcffl Unlimrted £1.SIXI. China Plate thanks all ts fu￿r5 tphK6e supwl makes our th FI)￿ble. Page 14 CHINA PLATE THEATRE LTD IA company Ilmlled by guarantsè) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2025 Incom• from charilable actlvltlo8 UDmtrlct•d Rmtrklod funds fund$ 2025 2025 Totsl funds 2025 T￿ket saies and other inccme 132.788 26.fKM) 158,788 UnrnsfrKted Rest￿ted funds funds 2024 2024 Total funds 2024 r￿ket sales aThJ other iTh>)me 115,355 92,184 207,539 Inv•stment Income UnrKtricted fund8 2025 Total lund$ 2025 Total funds 2024 Investsnent In¢on* . dep)%'t aCC￿nt 331 331 Other Incomlng r••ourc Total fundi 2025 funds 2025 Theatre tax relief 141,084 141,084 Page 15 CHINA PLATE THEATRE LTD (A company Ilmlt•d by guarnnts•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2025 Other Incomlng r••ourcos Iconllnuodl Unrnstffthd Total fvnds fvnds 2024 2024 Theatre tax reli8f 187.624 181.624 Anafy81• of •xpondlturn by xtlvltl•• undertak•n dir8Ctty 2025 Support cosls 2025 Total fund• 2025 176,020 440,943 118.054 294,074 616.963 118.054 735,017 undertaken Total Supw costs fvnds 2024 2024 2024 373.256 351.443 127,699 500.955 354.443 727.699 127,699 855.398 Page 16 CHINA PLATE THEATRE LTD IA company limit•d by g￿r•nt•8 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Indep¢nd•nt ex•mln•rf• rnmun•r•tlon 202S 2024 examinat￿ of the Char￿ al 31 March 2024 Balancè al Trnnsf8 IApn12023 Ift￿ Eywthre in/oul Des￿nated funds General fvnds Restricted funds 271.tX(I 51.855 37.875 275.OLKS 22.346 637.630 151.384 (482. 142) (373.256) f187.997) 183.997 363.730 789.014 (855.398) 297.346 Page 18 CHINA PLATE THEATRE LTD IA company limited by guarantee) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S 14. Anaty815 of n•1 assets b•iwe•n fund• An•ty•l• ol n•t ••ut• b•tw••n fund• . Cufrnnt y••r Unr•strfct•d Ra8trf¢tod funds funds 2025 2025 Total fund• 2025 Currenl assets Creditors due withn one year 338.817 {37,683 13.076 351.893 137,683) Tolal 301.134 13,076 314210 Analysls of not as8Ot8 bot¥MM fund• . pflor ymr Tot funds 2024 fvnds 2024 Current 8ssets credi￿ due *rythn one year 324,726 (27,3WJ 324, 726 (27,380J Totsl 297.346 297.346 Page 19 **(A company limited by guarantee)** ## **CHINA PLATE THEATRE LTD** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025** ## **14. Analysis of net assets between funds** ## **Analysis of net assets between funds - current year** |Current assets
Creditors due within one year
**Total**
**Analysis of net assets between funds - prior year**
Current assets
Creditors due within one year
**Total**|**Unrestricted**
**funds**
**2025**
**£**
338,817
(37,683)
301,134|**Restricted**
**funds**
**2025**
**£**
13,076
-
13,076
_Unrestricted_
_funds_
_2024_
_£_
_324,726_
_(27,380)_
_297,346_|**Total**
**funds**
**2025**
**£**
**351,893**
**(37,683)**
**314,210**
_Total_
_funds_
_2024_
_£_
_324,726_
_(27,380)_
_297,346_| |---|---|---|---| Page 20