REGISTERED COMPANY NUMBER.. f0492115 (England and Wales)
REGISTERED CHARITY NUMBER: 1174253
THE BA
PANY
N THEAT
MIT
PROJECT
UA
Reguktory Avdit
Vurage Court
160 Emwn Street
SN3 4NE

THE
TH
TRE PROJECT
Conients of ihe Financial Statements
f￿ the
ear en
1 Decern￿r 2024
Page
Referen￿ and Adminislralive Details
Report of Trustees
Report ol the Independent Au¢Yilors
Stste￿￿nl of Finanaal Activit
10
Balance Sheet
Cash Flow Statement
12
Notes to the Cash Fl(yw Statement
13
Notes to tha Financial Statements
14 to 21
PagÈ 2

Reference and Administrative Details for the year ended 31 December 2024 

## THE BARN THEATRE PROJECT 

**Trustees** I Carling - Trustee and Chairman C A  Carling S J Thackaberry J K Hayward **NM** Hornby J M C Manasseh (Resigned 17 November 2024) CF B Woodd R J Benton CJ Burton **Leadership team** I Carling - Trustee and Chairman I Lewis - CEO/Artistic Director R Wright - Executive Director L McMullen - Executive Director **Registered office** Tanners Solicitors Lancaster House Thomas Street Cirencester GL7 2AX **Registered company number** 10492115 (England and Wales) **Registered charity number** 1174253 **Senior statutory auditor** Robert Stokes FCCA ACA **Independent auditors** Regulatory Audit Vicarage Court 160 Ermin Street Swindon SN34NE 

Page 3 



THE BA
THEATRE PROJECT
Re n of tne Trustees
ear end
31 Decem
for the
r 2024
The Trustees who are a150 directors of the charity for the purposes of the Companies Ad 20(E, presenl th￿r report wilh
the financial slalemenls of the ¢haiity lor the yèar ended 31 December 2024. The Trustees have adopted the provisions
ol Accounting and Repofb"ng by Chaflties. Stalemer)t of Recomrrended practi￿ applicab￿ lo charities preparing their
accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021
(effective 1 January 20191.
Objectivès and activities
Objectivès and aims
Our charity's purposes as sel out in the objects coitained in the company's Memofandum ofAssoc4alion are as follows..
'The Charity's objecls are restricted specifically. In each case only for the public benefit to promote, maintain. improve and
enhance ac¢e5S to all aSFecls ol profes510nal and amateur perftsrmirg art ancl the devebpment of public appreciation of
such art and to advance public e(lucalion in relat￿n to rt."
Significant activities
It has bÈuhme very clear over the last 2 years that Arts Counul England IACEI porrfolio funding will remain highly unlikely.
in spite ol the Bam Theatres consistent artislic perfomiance anil ieputabonal achievements as one ol the UK'S foremost
produclion houses. since its launch in 2018.
Over the last 2 years our efforts have thus b*n very fimity focused on generating additional income streams working with
comma¥cial producers to secure enhancement fvnding our productions in retum for their ￿CeIVing a share of future life
opportunlties We are also wodting ever more closely wilh oiher iheatfes who are attracted by the qualrty of our Ihealrical
product and receiving payrnents toward5 our prixluction costs in ￿tUrn for 8am productions bein9 made available.
Finally we are increasingly teing approached by theatrical producers lo cteale digrtal media content for them. All of this is
proceeding al a good pa￿ - indeed In 2025 our Art*stic Director and CEO and newty apwinted Executive Diroctor Liam
Mcmullan, have already secured In excess of £2QO.000 in new income streams which ttyey ale hoping vrill compensate for
our recent performance in fundraising which is becoming increasingty diffiojlt in the current climate.
Funijraising contin￿eS lo be a challenge and thè Barn Is cufrènlly seeking a top level head ol development lo help
spèarhead new initialives in this essential area and to match the quality of1eadership with Ihat in the Charily as a whole.
As In all other areas ol the Chanty our propensity lor proa¢iiv*ty. Innova110n and blue sky thinking remain our most valuable
attnbutes
The Charily has a subsidiary company Bam Theatre EnleTprises Limited whose resuW5 are not Consolidated ifj ItrEse
accounts as the Tru5t*s feel that the Company's resulls are iiol material to the Charity. Bafn Theatre Entreprises Limited
opeiale5 tne cinerna oflenng that ulilises the dark weeks of the Theatre.
Public benofrt
The Trustees have due regard to the guidance on public ben&frt PLJblished by the Charib'es Commission and beI￿Ve the
objectives meel this guidance. Our main activities and who we try to help are described below. All our charstable activilies
focus on furthering OLJr Charitab￿ puwes for the public benefft.
Who used and benéftted frorn our $•rvices7
The people ol Cirencester, Ihe Cotswokls and further afield who saw our perfovvnances. The yOLtry people who benefited
from our Youth and training prc¥Jrammes, and Ihe amateur and community groups who benefited from our outreach
programmes. We considei the Barn lo be al UK ￿a￿eT in Innovation and rep￿atIOn sharing rts producbons w¢th olh9rs and
thereby enhancing the UK theatrul S¢er￿ as a whole.
Finan¢ial p0S￿On
As th& Barn ha5 now established income continL￿1 to irk(xease110.6%1 albeit not al the 5ubslanlial growth rates
achieved in previous year5, reflecting the need lor new iniliatrves to altract more saSes from further ar￿Id
Overall thè ¢harily Trgislered a defityl for the year of £2.604 wnpared WAlh a surplus in 2023 of £5.270. The inC￿aSe in
G¥05s Incixn6 was insufficient to cover the inC￿aSe in costs
Inv8stm•nt poliey and objectivos
Asmde from felaining. where possible. a prudent amount in Teserves ead) year most of the charity's funds are lo be spent
in the short lerm so there are currelltly limiled available for reserve5 and long terrn invesknenl.
ReseN•8 poITCy
The Trustees have examined the char¢ty's requiremenls for reserves in light of the main risks to the organisalion. Oui aim
is lo fomi carl￿d forward reseives amounlir¥J to three mot)Ih5 of expendrture lo sLwp)rt the contsnued operation5 of the
charity.

THE &4RN THE4T
31
Strntsgic report
Futur• plan
The plans outlinwj earl￿[ in ￿pOrt alre* n ha￿1, arvj rel* a large part ofthe Charl￿5 future strategy.
OveTall the Bam, due to the strategies des￿￿ed above. and a fir51 cjass W¢)3ramme for 2025 drawing accLaim from all
quarters, together with the strengthening of rts management team. which has transforn￿ the ability of the A￿"stIC Director
and CEO to ma¥imise CwnrM￿iaI deal. 15 in a fat 5trww Fostth)n tnan a year ago. are making progress and ar•
increasingty o)nfKl&nt for the future.
At the dale of ￿ning, rt is dear that the ur¥Jerfyiro need for a rew business mc#Jd in the absen¢* of ACE sup
(t￿ tr•Jit￿nal roLrte lor a theatre of this type) 1$ still the rrraior d￿llenge for the TNslees. Commercial partnerships an(1
touring. previousty an inlefestirffJ option. now appeal lo be a very necessary part ol the Bam's plannirKJ. Muth wottt
beiro do￿ on this and the initial results from T￿nI lou(s arKI transfers have demonstrated a hLsge intefest fr¢)m
commercial partnws in working with the Barn. Al the s>ne time ts Trustees have made a conscious deUs1￿ Io feuuil
nb)re exp8rien¢ed and Capable 18aders into our proJuung aThJ pr￿￿u¢bOnnechn*￿l teams, in oth thal our CEOIArthslic
Dir8clor is free lo play to hi8 strengths in findi￿ and negotiatry C(￿merc￿al aThY cwo partnerships.
Our trad1th￿ core suppMws continue to provk* transiliond support txrt the Truslets believe that an innovatNe and
more Fwmanent partrering arrangement an organi8a1￿ interestgd in the Barn's excellent and consistent ttealr¥e
product oulpul may be an attractNe way forward. These cpb'or6 are beirg &aively examinad. albeit until then, degp
the usual financial pressures. the Bam remains in a safe posI￿n du8 largety to the continued support of the FouThJers.
StrUc￿re. govwnanc• and manayment
Go¥•rnlng doeum•nt
The organisat￿n is a charitable e4)mpany liffthd by guarartee. irworatsd on 22 N￿arnber 2016 ¥nd regislwed a5 a
charity on 15 AL¥JUSt 2017. The cowny was 8stsblish￿l under a Meffrtwandum of Associalion which established th¢
obie¢ls and F#)wers ofthe charitsble ¢>Jfr¢)any axl is govern￿ underits Artides ofAs50cialK)n. In the event of the c¢>npany
beiNJ wound up r￿rnbets are rwuired to contr*>ute an awthnt not exceeding £10.
Recruitin•nt and appointment of Tr￿te•S
The <lire¢tors of the ccThpany are also chafity Trustees for ts wrposes of chanty la4¥ and under the company's A
are known as rrnn*ers of ts Leadershp Tewn. U￿￿eT the raqutrerr￿ts of the MemraThJum and A￿deS of As%￿atiOn
the members of the Leadership Team are requwed to rth.re by rotatiM. J K Hayward and N M Hornby have so retired arKI
have been unarmmousty re￿leCted.
Due lo the nature tsf the ch•iiy. muth of charit*5 work locuses on your¥J people. The L8adarship Team gèÈks to
ensure that th8 needs of ttM$ 9roup ￿ apprcwately ref18clwJ in rts pdicies. Young peop￿ form a I￿8 part of tho Bam
Theatre's manageft*nt 8UPPOrt tsams h¥tty WNoFrfeAI people are dc*ety consulied regarding the d?￿s￿r
of the Management Team.
OryanS8ational •lructuv•
The Theatre has a Leadership Team that 18 reSF￿s￿le for ltr* stratsgic dtreclion aNI poky of ts cthanty. At th• dale of
signing tha C¢)rnmitlee has t4en enhan￿d ty 2 membws wrih othets undw cOnsKjerat￿n having due regard to
improvg diversity as well a5 bringirwJ in additional ￿￿lIaL$l￿ expertKse and experiwce to tho w¥Je ¥ar￿ty of profess#)nal
baeWur#ds alTraly on ts committee.
A scheme of dele9ation is in plaGe day to day rEspcrfisbdty for th8 provision of the servw rest wth the CEOIArtistic
Director and EXe￿tiv0 Director supported by Prtslurlon. Technul. MarketirKJ and Financ8lAdrnini%lfalion stsff. T
CEOIArtislic Director is resFOftsi￿ fc* ensurir#J that th8 chanty d8livefs the seThw 8peafied arKI that key Ferfomance
indicators are mat i) line with good pra¢io and artstic excel*rKe. He is also rgsFonslb￿ for driving the imF4)rtanl new
fundraK%ing initiative.
Indu¢tlon and tr*ining ol n•w Trustees
Tnjstees arg already familiar wrth the praclical work of Ihe th¥bty. Athlilw4ty. Trusbes are invited arKI encotsraged to
attend meetings to familiari5e themskn with thanty tr* context wiitun it operates. These are by th
Chair of the Leadership Team and cover.
The eblh3ations of Leadership re￿ memberd.
The main docuTh¢nts wtiith set out the owatxmial for the charity indLKlirKJ the Memorandurn
Articles.
Resourang and the curreth financial po￿On 85 58t out in the latest p￿lIShed accounts.
Future plans and objectrves.

THE &4RN THEATRE PRO
Trustees
eaf ended 31 EÈGember 2024
for the
Structure. govarnance and management
Related parties
The Trustees are satisfied that Iransaclions wrth related part￿S are on advantageous am￿-￿ngth terms and materially
benefit the charity. Independenl Trusiees oversee any such arfangements. All transactions wrth related parties a
disclosed in the notes to the accounts
Risk management
The Leadership Tearn has conducted a review of Ihe major risks to wh￿h the Charity is exposed. A risk register is
eslablisheé and will be updated al least annualty. IM)efe appropnale. syS￿S or procedures have been establishèd lo
mitigate the risks the charty laces.
Significant extemal risks to statutory tunding have led lo the devebp￿nt0f a strategic plan which will allow the LeadeTrhip
Team to concentrate on deveSoping donations from Trusts ar)d Foundations. indivlduals and busiresses in addilic)n to other
plan5 to diversify funding and aclivit*s. Intèrnal control risks are minim*ed by the impthentation of prO￿￿re$ for
aulhorisalion of all transactsons and projects.
Procedures are in place to ensu￿ compliance with heatth and safety of staff. volun￿r5. dients vis"rtors lo the Iheatfe.
Statement of Trustses. responsibilitie5
The Trustees (who are also the directors ol The Barn Theatre Projecl for the purposes of company lawl are responsible
for preparing the Report of the Trustees and the financial statements in accordance wth applicable law and United
Kingdom Accounting Standards {United Kingdown Generally AC￿pIed Accounting Practi￿)
Company law require5 the Trustees to prepare financial slalements f￿ each financial year which give a true and fair view
of the slate of affair5 of the tharilable company and of the Incoming resources and application of resource5. Including the
income and expenditure. of the chantsble corrtpany for that PQAod In preparing ihostr financial statenienib. Lhe Ttustees
are required to
select suitable accoLlnling policies and +hen apply Trhejn cons4Stently.
observe the methods and principles In the Chanty SORP.
make judgements and eslima'.es that are reasonable and prudent".
prepare the financial statements on ihe going concern basis unless it Is inappropriate lo presÈJme that the chaiilable
comr)any will continue in blis,￿s$
Thè Trustees are responsible lor keeping proper accounting iecords which disclose with reasonable accuracy al any b'me
the financial position of the charitable company and to enable lhp_m to pnsur@ that finanoal statemants cornply with the
Companies Act 2006. They are also responsible lor safeguarding ihe a55els of the clarilable company and hence fot
taking reasonable steps lor the prevention and detectson of fiaud and otlEr Irregulalihes.
In so far as the Trustees afe aware"
there Is no relevant audit information of which the charitable company'5 a￿￿110r$ are unaware. and
the Trustees have taken all steps Ihal they ought to have taken lo r[￿(e themselves aware of any ￿levant audit
inlonnalion and to eslabltsh that the auditors are aware ol thal informatK)n.
Auditors
The audilofs, Regulatory AudiL were appointed during the year army will be proposed for re-appointment al the forthcoming
Annual General Meeting.
Report ol the Trustees. incof
directors, on
ratsng 9 $118legic reFX)rt. aF4)roved by order of the i￿rd of Trustees, &8 the company
and signed on the board's behalf by..
rtin
stee
Page 6

rKJent Audrtors to th
Opinlon
We have audited the finarrial stateTh*nts of The Bam Thealre Propd Its 'charitabla co￿vrhy,) for yoar er¥Jed
31 EÈcernt¢r 2024 whKh ¢rynpw the Statement of Finanaat Adivrties, the Balan￿ Sheet. the Cash Fl(Mf Statement
and notes to the financial stalen*nts, indudirvJ a SUMM￿ of s￿ni￿ant accounlirwj policies. Tr finanaal reporting
fram￿01* that has b8en applied in th*r prePara1￿n is applicthbe Saw aThJ Unrted KI￿)M A￿oUnting Stsndards (United
Kingdom Generally Accepted Ae£ountw Prackel.
In our opinion Lhe fInana￿ ststements..
grve a true and fair view ol ￿ slate of ts thariL3bkn affw'rs as at 31 D•c•mber 2024 cl 118 inrA)miNJ
resources ar¥J application of resources. I￿vIjIr￿j ts ￿¢￿￿e and expenditure, for the period then ended.,
have been proFerty pre￿red in &eordarKe wth United ￿"n9th)rn Generally Acceptwj knnling Pradic*'. and
have been pfepared in accordance the reqU1￿MEnts of the Ccmpanies Acl 2C(6.
Basi• for opinion
We rLJnducted our audit in accordan￿ with Intefnational StaNJards on AL41iting IUKI IISAS (UK)) arkl aFplicabk law. Our
)nsibilitbe5 uThJer those staTrSard5 ore fvrther d8scribed in the Audtlors. respon$it¥ltti8s for the audit of the financial
statements section of our reF¢Xt a￿ independent of the charitth ￿Mparty in accordance wrth ethul
quir8mgnls that are relevant to our audit of financial Stalen￿nts in th8 UK induding Ihe FRC'S Ethul Stsndard, and
we have fvifilled our ¢)ther ethvl ￿p￿sibIlItieS in ￿CordanCe wth fw requirements. betieve that the audit
•VpdÈn￿ we have obtairrtd is SLknt aFKI *prowalE to prgvide a basls tor Ouf opinion.
ConcI￿lon• rnlatlng to going conc•rn
In a￿Aiting the finanrAal stslements, we have conduded that Ihe Trustses. w of ts goirvj c¢)nc8rn basi8 of accouniirg in
the preparation ofthe finanaal slalwn￿ is approwiate.
Basej on Ihe work wa have pwfonmd. ha￿ not Traentified any materral uncertainties relating to vvents or conditbns
that, individually or colwryefy, may s*Jnificant d￿bI on charitabje Company's abilty to Contin￿ as a g(xng
concorn a Per￿ d at least twelwt months when th8 fina￿al slatwrnnls *e aUlh￿l￿ for w.
Our r0sponsibilit￿ and the f•¥X￿&￿"llb￿s ol th8 with I￿Port to going Conc￿ are dtiscriw in ts t8knvant
sections of thi5 reFQrt.
Oth•1 Inforniatlo
The Trusle8s are respons10￿ for the otr*r inf0m￿ti0Th Tr* other irformakn urywises the infommlirm ÉrKlwJwJ in th•
Annual Report other than the fina￿1￿ statWTwts CAtr Re￿1 crf the If¥Jep8rthnt A￿11th thwem.
Our opinlon on the financial stslmnts does c￿r ￿ other inlomwtion and. except lo the èthnt otheThvis8 expktsy
slated in our repo¢ we do not express form of assurance condusm thwoon.
In connecbon with our a￿ff( of the financaal Staterr￿ts. our resFonsibility is to read the other infomiation and, tn doing so,
con¥bJer whether the other infiymation is Ma￿laIty inconsis*ni with the financial statements ￿ our knowbyge obtsinod
in th• audit Cf Othe￿1￿) appears to be materially misstated. If we Njentsfy suth Mat￿la1 4nconsistenc*s Qr apparent
materFal rnisslalements. we are required lo delefftine whether this gives rtse to a material misslalement in the financial
statements themsdw. If. based on the work we have p*rforrrnd. we condLth that there 1$ a material misstaterrenl
this other infom)atlon. we are requiral to ropLYt facl have r#)thing to rewt in this regard.
Oplnion8 ¢)n other mAttern prescribèd by th• Compani•8 Ad 2006
In ￿r cpinion, basad on the work urthrtaken in the coursa of the a￿151..
the infomialion given in the Report of the Trustges for the fina￿181 year forwtic*¢ the statwwts aro prepaf&J
is cL)rtsistenl with the fina￿tal stateff*nts', arxl
Report Dfthe Trustees has been prepared w) accordance wilh ￿l[￿b[8 l•gal wuirenwts.
Ilatl•rn on *thlch wg are v•qulr•d lo r•pixt by •x¢•ption
In the IEqhl of the knth￿ethJe and unde￿landing ol the charitable c(ryny ar¥J ts envirfyy))ent in the CQLtrse of
the aixliL we have not #Jentrfth maknial misstatements in the Repul ￿the Tr￿.
We have nothirvj to rwt in respect of thè k4kAvirKJ mattw¥ whwe tr* Cryanies Act 2tth requires us to rer*)rt to y¢
rf, rn our opinion..
Jequate accounting records hav• not kept or ralums &Jequate for our audit have not been reraved from
branches not vKsited by us", or
tha finanG￿l statements ar¢ not in a9reen*nt ¥rith acLTJurknJ r￿C￿￿8 aThl reiums: iy
certain di5dosu￿s of Trustees, remuneratK)n speof*d Lry ￿ a￿ not m*., or
V*P have rnt received all the inl¢NmatK)n 8fKI exFAaroti¢)ns we ￿Vire for our audL

Re
rt of the Inde
ndenl Auditors to the Members of
The Bam Theatre Pr
ecl
Responsibilities of Trustees- administrator
As explain8d more fully in the Slalernent of Trust￿5. Responsibilities. the Trustees (who are also the dire¢to¥s of the
¢harilable company for the purposes of company lawl are we5ponsib￿ for ihe preparation of financial slalemenls and
lor being sath'sfied that they give a true and fair V￿￿. and for such intemal control as the Trustees delemine is necessary
to enable the preparation of financial staiements that are f￿e from rnatenal misstslewTEnt. ￿￿ther due to fraud or error.
In preparing the financial statements. the Trustees are ￿SponSible for assessing the charitable company's abilily to
continue as a going con￿rn, disdosing, as applicable. matters related lo going con¢ein and using the going concern basis
of accountin9 unless the Tru=tecs either int¢nd to liquKlate the charitab￿ CDmpany or io ￿ase operaiions. or have no
realistic alternative bul lo do so
Our responsibilities for tho audlt of the financial ststements
Our objectives a￿ lo obtain reas0Trab￿ asSUTanc£ aboutwhelherthe financial statements as a whole are fr* from material
misslalement. whether due to fraud or error, and lo tssue a Report of the Independent ALbJitors that Includes our opinion.
Reasonable assurance Is a h￿h ￿Ve1 of assurance. bul is not a guarantee that an audit conducied in aC￿rdan￿ with
ISAS IUKI will a￿ayS detect a material misslalernenl when rt exists Misstalemenls e2n arise from fraud or error are
considered material il, Individually or in the aggregate. they cotsld reasonabty tyg expected to inftuence the economic
decisions of users taken on the basis ol these financk31 slalements_
The extent lo which our procedures are capable of detecting irregularities. incJudirNJ fraud is dètailed below..
the nature of the sector. control envir￿Ment and the Company's perf0mlan￿".
iesulls ol our enquiries of management and the board a￿ul their own identification and as5es5menl of the risks of
irregularilies-,
any matters we ￿entIr￿ having Obtai￿ and re¥￿Wed the Company's documentation of their policies arxl
proc£dures relating lo". Idenlifying. eval¢Jatbn9 and comptying with laws and regulation5 and whelher they were aware
of any instances of nM-compliance, detecting and responding lo the risks ol fraud and whether t￿Y have knowledge
of any actual, suspected or alleged fraud., the internal contrds estabStshed lo milgale rtsk5 of fraLyJ or non-compliance
with laws and regulations.,
the matters discussed amonq the au¢Jit engagèment team reoardtng h(Av and whefe fraud might *xcvr In the financial
slalernents and any potential Indicators ol fraud.
As a resulr ol these procedures we conslefed the opportunitie5 and incentives I￿at p.ay eyisl ivtlhin the organiialion for
fraud. which Included Irtcorrect rècognition ol revenue, managernent over¥ide ol controls using manual iournal entries,
Pfoeuremenl and payroll. Vve identrified the greatest potential fol fraud as Incoriecl recognilioft of revenue and management
override using manual journ31 entries.
In common with all audits under ISAS IUKI. we are 3150 requwed lo perform Specif￿ orocedures lo respond lo the risk ol
anagement override We also obtained an ur.derslanding of the legal and iegulatory 113meworks th81 the Company
operaTes in, focusing on provisions ol those laws and regulations that had a direct effect on the oleterminaiion of material
drnounts disclosures In tne rinancial slalements. The key laws and regulations we Considered In this ￿￿text includ
UK Companies Act and lax legislation.
In addition. we considered provisions ol other laws and regulations that do not have a éirect effect on the financial
slalements bul cornplian￿ with which m8y be fundamental to the Company's ability lo operate or 10 8void a maleri
penalty These in¢luded data protection regulations. oceupatsonal health and safely regulalitins, building legislation and
employment kgL8lalion.
Our pr(xedures to respond lo Tisks KJentrfEd included tho folltrwing..
viewin9 the financial sla1￿1 disclosures and tgsling TO SUPP)rnng docun*ntsb"on lo asse5$ coffpliance with
provisions of relevant laws and regulattons descrkned a5 having a direct effect on finanual slalements".
reviewing the finanrAal slalen*nt disdosures and testing lo supporting documentation to a5se5s the recoJnition of
revenue..
enquiring of Dire¢tor5 and management conceming actual and potential litiyation and claims"
performing analytical prO￿d￿reS to Klenlify any unusual or unexpected relat￿hipS that may Ind￿ate iifjks of matersal
mlsstatement due lo fraud.. and
in addressing the risk of frawj through rnanagemenl overrAle of controls. lesling the appiopiiateness of journal entries
and other adjustments., and assessing W￿ther the IL￿geMents made in making accountin9 eStiM￿eS are indicative
of a potential ￿"as.
We also communicated relevant Identified faws and regulations and wlential fraud risks to all engagement team
n*mbers, an¢J remained a￿rt to 3ny indications of frawj or nOr￿Orn￿1¥nce with laws and ￿gUlationS throughout t
audrt.
A further desciiption ol oui responsibilities for the aLKlil of the financial slalemenls is located on Ihe Finanaal Reporlir4J
Council's websrte at wvM.frG org.ukjaudil0rsresponsib￿S1Ies. This desCrip￿n fonTJS part of Ouf Report of the Independent
Auditors.
Pa98 8

of
A￿JItorS to
• of our report
This report 15 made to the ch¥ital￿e corrparfs M￿b¥s. 85 a bLvty. in accordanc• with Chapt& 3 of Part 16 ofth8
Companies Act 20C6. Our audit wuk has been uTrJert*en so that wa might stale to the charitable ccvnpany's members
those matterswe are require(I to Stale trj them in an audit￿5, report and for no other purpose. To the fvllest extent ￿m)rtled
by law. we do not accept or assu￿ iesponsibility to anyor* other than the dwrilable company and the ￿ntable
C4)mpany's mwntm as a fv)r our 4￿Irt trf for Ihis report or for ts opiniors wè ha¥8 fo￿*d.
FCCA ACA (Senior Statuty Audit￿)
for and on behaK of Regulatory Audrt
Chartered Acccwnlarts arKI Stabjtw Authtors
Vicarage Court
160 Emiin Street
sW￿d{￿￿
SN3 4NE

THE
N THEATRE PROJECT
Statement of Financw5 Activity6s
31 fknmber 2024
2024
2024
2024
2023
Unrestri¢tèd Rèstrict•d
funds
fvnds
Total
funds
Total
funds
Notes
In¢omo and èndowments from
DL)nalions and legacies
211,641
273,355
484,996
608,330
Charitable aclivilies- prcKJuctions
Invesbnent inccThe
1.449,696
3.765
1,449,696
3,765
1,139.806
Total
1.665.102
273,355
1.938.457
1,749,525
Exp9nditure on
Fund raisin9 Costs
37,S10
37,510
83,614
haritable activitles
Charitable activities overh8ads
Charitable aGlivittes- produclions
135,719
1,489,311
271,676
407,39S
1.489.311
260,￿2
1,399,739
Total
1.662.540
271,676
1,934,216
1,144.255
NET INCOME
2.562
1.679
4.241
5.270
Reconciliation of funds
Total funds brought forward
193,708
193.708
188.438
Total fund5 carried fopward
196,270
1,679
197,949
193.708
The notes tom part of these financial St￿rr￿nts
P•38 10

E &4RN
lan￿ Sh
2024
2023
Fixed assets
Tangible assets
Investm
12
13
7,109
8,109
2,oa2
Curr•nt as••ts
Oebtor¥
Cash at bart( and in hand
14
260.126
194.786
153.543
675.940
454,912
Creditora
Amounts falling due within one y
15
1266.0721
1637,867)
Net current •M•ts
191616
Tt)tal amets currnnt liabillti••
197.949
193,708
NET ASSETSIIUABILrtlESI
197.949
193,708
Fund•
U￿￿tri￿e￿ fuiid5
RestrKted funds
16
196.270
193,708
Total fun(
The finanrAal stat
and were sig
it5 beh
approv￿1 by the Board ofTnJstees and authori6ed forissue ¢)n *.llpxi. .. ....... ...... ......
I Carting -
C Woodd . Tru6teo
Tr* notes fom) part of these fina￿la1 ststanents
P•J8 11

THE BARN T
EATRE PROJECT
C h Flow Statement
r ended
ember 2024
for the
2024
Notss
2023
Cash flows from operating activilies
Cash oenerxted from operab.ons
Inleiest paid
1475,3721
89
445.722
742
Nel cash provided byllused in) operating acb'vitie5
475,4611
444,980
Ca$h flows from invèsting a¢ti¥iti8s
Purchase of tangible fixed assets
Repayment of related party loans
Inter￿1 received
9,458
118,9161
3,764
118.6001
1.389
Nel cash used in investing activibes
5.694}
17.2111
Change in cash and cash equivalents in
the roporting period
Cash and cash equivalents at the
beglnntng of the reporting period
1481.154)
427.769
675.940
248.171
Cash and cash equivalents at the end of
the reporting period
194,786
675.940
Th8 notes form part of these financia Stat￿nents
Page 12

RN
PR
R•conclllatlon of n•t incom• to n•t ca•h fl(Y• from oparnting activitios
2024
2023
N•t incom• for the rnporting p•rlod {as p•r th• Slat•m•rt of FThncial
A£tivltie¥)
Adjustments for.
Depreualion charges
Inlèrost receNed
Interest pafv
DeueasellinrJeasel in debtc
{Decrease)rtnuease in credito
4241
S.270
3840
{3.764)
751
1.389}
742
139,4931
1106.583)
Not c••h provid•d by1(￿*d in) op•rnllon•
445,722
Anatysls of ¢hang•¥ In not fund•
At 31112r23
Cash flow
At 31112124
ca•h
G8sh at bank and in haThY
Tol*l
481.154
194.786
The notes fomi part ofthese finartial slatwnents
Page 13

TH
&qRN THEATRE PROJE
Notes t the Financial Sta
nl
for the ear ended 31 tknmber 2024
Accounting policies
Basis of preparing thè financial $tatements
The finanoal slalements of the charitable company, which is a pubFic bènefit entity under FRS 102. have been
prepared In accordan￿ wilh the Charities SORP IFRS 1021 Accounting and Reporting by Charities" Statement of
Recommanded Practice applicable to prepariii9 11)eii accounts in accordan￿ with the Pinancial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,. Financial Reporting
Standard 102 The Financial Reports"ng Standard applicable in the UK and Republic of Ireland. and the CompanEs
Act 2(X6 The financial statements have been prepared under the hislorKal cost convention, with the exception of
investments which are included at mart(et value.
Goin9 concern
The Trustees continue to aJopt tho going concem assumption as the basts of preparab'on of ￿ charity's financial
stalemenls. In doing so. the Trustèes confirm they believe Ihal no material uncertainb.es exist in the foreseeable
tu￿ regarding the charrtls ability to continue as a going concem.
In addrtion. the charty has the support of Mr I Ca￿ThJ WIKJ has indicated hi5 intention to support the chafity in
meetings its liabilities as they fall du8 for a peri(*J of 12 months from the dale of approval of thès& financtral
staiemenls.
Preparatton of consolidated financial statomènts
The financial statements contain information about The Barn Theat￿ PrL¥ect as an individual charity and do not
cnntsin corEolidated financial information as the parent of a group. The charity is exempt under Section 24.13A of
tho Charities SORP IFRS 1021 from the requirèments to prepara ¢&)nsolidated financial statements as the
subsidiary Is not material for the purwse of giving a true fair VEW
Ineome
All in¢oming resour￿S are inclLded in the Statement of Financial Activitie5 ISOFAI when the tharty is le9ally
enlilled lo Ihe ncoiiiè 21,
Ler any pertofmance condit￿n$ have ceen nEt. Ihe arr.ounl can be measured reliably and
1115 probable that the income wi11 be received.
For donations to be rec(yJnised the ¢harrty WFII have been nOtif￿d of the amunts and the selllemÈnt date in wribng.
If tnere are conditions atlached lo the donation and this requires a level of pertormance before enti+lèmen; "?n be
ob'.ained =hen IiicoTre Is dererreo Jniil tiose conditson.s are fully met or the lullilmeDt of ihose conditions is wilhin
the Control of the cha¥ily and it ￿ probable 1hai they will be fulfilled.
Incc*ne from iraoing activities indudes Inco￿ eamed fiom fundraisin9 events arKI trading actiwlvas lo r815e funds
for the charity. Income Is weived in exchange for SUPPtying go(xJs and services in order to raise funds and is
recognised when entitlen*nl has occurred
Expenditure
Liabilities are recognised a5 expenditure as soon as the￿ a ￿81 or constructive obloation committing the charity
lo that expenditure, It is probable that a transfer ol econom￿ kenefits will ￿ r￿uIred in settlement and the amount
of the obligation can be measured relk8bly. Expendrture is accoun￿ tor on an accruals basis and has
dassified under headings that agjregate all cost related to If* category. Where costs cannot be directly attribulgJ
to parb"cular headings they have been allocated to activibes on a basts consistent with the use of reSotJ￿S..
Irrecoverable VAT is charged as an expense against the adivity for whith expw)diture arose.
Allocation and apportionmont of costs
Support costs are those that assist the woth ol the chanty but do not directly represent charitable activit￿$ and
indude office costs, governance costs. administrative payroll costs They a￿ incuired directly in SUPPDrt of
expenditure on the objects of the charity and incjude proje¢l manageffEnt carrEd out at Headquarters. Where
support costs cannot be directly attributed lo Part￿Ular he*liThJs they have been allocated to Cost of raising funds
and expendrture on charilabk aclivit*s oft a basis cortsistent use of ihe ￿sOUrceS Premises costs and olher
overheads have bean allocated as appropiiate..
Fund-raising Costs are Ihose incurred in seeking voluntary ￿ntrIbulK￿$ and do not include the costs of
dtsserninatirKJ informabon in support of charilable activities.
The analysi8 of these costs is included ￿ the note5.
Paje 14
continued...

EURN
PR
tslemen
A¢cotsntlng p￿1¢1•% - continu•d
Tangiblé fix•d ass•ts
Depwalion L8 provthl at the lol(miry annud raies in order to write off eath asset its estimated useful lilo.
F￿tUfftS and ffttings
20% on cost
Cc¥nputer equipnw
33% orb Cost
Fund *ctounling
Unroslrirthd fiJr¥J5 can be used in accordance with the charitable at the discretion of Iho T￿1￿05.
Restncted fvnds can onty tre used for partrJJlar restrided purposes within the Obi￿ts of charity. ReslrKtion$
aris¢ when spe0f￿d by the donor ty w￿n fur#Js #rn raiwj ft)r particular restrict8d purposes.
Further explanation ofthe na￿re and purFxxe ofexh furKI 15 I￿￿￿ed in thB to ts finanrAd staterrnnts.
Hlr• pui¢has• and ltrasing c¢)mmitmonts
Rentais patrj ur•J&r OFer*in9 be85es Ch￿ed to Ihe Siatw*rt of Financial ActiMl*s on a stra*3ht lirn ba818
over the FerTrcAY of the lease.
Fixed as￿ investments are a form of financ4al I￿trUMertt af¥J are inilially rew3nised at their transaction cost and
subsequently m8asured at fair Va￿ at the Balan￿ sw date. unless fair Val￿ cannot be measured ￿liablY in
which case it is measured at cost le$5 impaim*rrt. Inveslmert gair6 aThJ losses, whether rèaltsed or unrealtsed,
Intor￿t r•c•ivable
Inte￿$1 on fvnds hehj on depc6it i* inclth WI￿ receIvab￿ arKI the amount can b• relially ty tho
corryrry., this i% nornalty LW Mtifi¢ation of thè interest pa*J or payablg by the Bard(.
P•n8ion•
The CLryany ￿raI¢S a defintra cLJnth'bulion Fension schem. The 855ets ofts sc1w￿ aTr held separatety from
Ihose of company in an independertty administered fvnd. The pension ¢ost charge repr￿nts contra)ution$
paYa￿e by tr* company to the fiJTrJ. cv emplcryees. personal schemes. as appr¢)priate.
O•btrn and cr•ditorn r•c•1vablthlpa￿b￿ within one y•ar
D8blors and ￿editOrS with no ststed inleresl rate and re￿¥a￿A8 or payat4e wrthin one year are recorded al
transaction wice Any losses arising fr£￿ Wnp•M￿l are reo>3ni8•J in expe￿Iltur?.
Cash •t b*nk •nd in hand
Cash at bank and in haTrJ i￿1￿je5 cash ar*1 short tem) hwjhty IKiuhd invesknents with a SI￿1 matwty of three
rnc￿ or less from Ihe date of acquisifyon or opening thFM)5it or sinMl¥ account.
Donatlons and lryaci
2024
t)onalw)ns
Grants
459.3S6
588.177
20.153
484.996
Grants recepml, in ts abow. are as folows..
2024
2023
Cthr grants
20,153
PaJ8 15

THE BARN THEATRE PR
JECT
Note5 to t
for the
Fin
nc
ear ended 31
iements - conbnued
cember 2024
Donations and legaeies Icortinuedl
Induded in donabons is a donalK¥n ol £nil12023 £30.OCIJI frtyn Ihe Foyle Foundalion to assist in the day lo day
nning of the Ba.'n Theat￿.
InclLJded in donations are reslncted donations tolalling £13.35512023 £9.4621 in respect of 'Play il Forward,
inrlkne.
Theatrè Tax Relief IThRI has been ￿￿assIfIed from donat￿nS lo charitable ath"vits"es. including the prior year
comparative.
Charitabl8 aetivitios - productions
2024
2023
Ticket Sales
Enhancetllent Income
Dislribulion5 r￿1Ve￿ from Co-Pr(Klucb"ons
Advertising Income
Theatre Tax Relief IThRI
976.S45
59,867
141.778
7,284
264.222
1,085.619
12,943
41,244
1,449.696
1.139.806
Theatre Tax Relief ITTRJ has been ￿laSsIfIed from donalK)ns to charilable aCb"vit￿s. induding the prior yeor
comparative.
Investmènt income
2024
2023
Oeposrt account interest
3.765
1,389
Fund raising costs
Raising donations and tegacios
2024
2023
Fund raising costs
37.510
83,614
Charitable activitiès Costs
Support
costs (see
note 71
Direct
Costs
Totsls
Charitable activibes - ovefheads
Charitable activities- productions
395,921
1.489.311
11.474
407,39S
1489.311
1.885.232
11,474
1.896.706
Page 16
onlinued...

E&4R
TH
TR
te5tot
for
Fi
ear eftd￿l
Supportcosts
Govwnance
Flfianca
Tots
74
11A74
SuFPOrt costs. indu¢tsd in tr* atthie. ￿ as folkn￿.
Flnanc•
2024
Charilable
*ctiviti•s
overheads
2023
Charitab
activiti
overheadj
Bar￿ th8pJes
Ba￿ interest
3,385
89
1.880
742
Gov•rnaftc• ¢￿ts
2024
2023
Charitsble
Chartlable
a¢tivities
a¢tivities
. o¥•rt*ad8 4bv•rth••d•
Auditors Remur￿atiQn
750
Not ineom•l{•xp•ndlturnl
Net ir￿￿￿1(8xp8ndll￿le> is stated aftsr chani@(credilirwJ):
2024
2023
Aurfilor5 Remuneration
8.000
8.750
751
Hire of ￿ant aThJ machinery
P•J817
onlinL*d...

THE BARN TH
TRE PRO
CT
Noies to the Fi
I Statements- continued
for the
ear ended 31 December 2024
Trustees, remuneration and benefrts
There were no Twstees. remuneraiion or oU*r benefits for the year ended 31 December 2024 nor for the year
ended 31 Oecember 2023.
Trustegs. expens
There wer¢ no Trustees. expenses pawJ for the yeaf ende(1 31 December2024 nor for the yeac ended
31 De￿mber 2023
10.
Stsff costs
Staff costs weie as fo51ow5'.
2024
2023
Wa9ès and salaries
Social security costs
Other pènsion Costs
480.443
42,229
370.498
30,865
6.831
529,518
408.194
The average monthly number of empbyees during the perw)d was as foll¢)ws".
2024
20
Theatre basod
2023
15
No employees recèived errjolumenls In excess of £60.000.
Comparativos for the ststèment of financial acts"¥ib"e5
un￿strICted
funds
Income and endoNwTnents from
nonalions and 109ac￿S
608.330
Charitable activities- production5
1,139.8C
Investment income
1.389
Total
1,749,525
Expenditure on
Fund r31s1ng costs
83.614
Charitable activities
Charitable activities- overheads
Charitsble activities - prcKluclions
260.902
1.399.739
Totsl
NET INCOME
5,270
Reconciliation of funds
Total funds brclughl foThward
188,438
Total funds caryied fO￿ard
193.708
Page 18
continued...

TrEP
Ihe Fin
"n
12.
Tanglble fixed asMIs
Fixiur•s
and
fftiings
Computer
aquipm•nt
Tota
At 1 January 2024
Additions
9,913
10J77
At 31 D8cen*er 2024
19
20.43S
Depreciation
Al 1 January 2tr24
Chaige for ygar
9,149
3.228
9,885
213
At 31 DeceM￿r 2023
376
13.326
N•t book ¥alu•
At 31 December 2024
At 31 C*cen*)er 2023
328
764
13.
Shar•s In
group
undertaklngB
M•rk•t valu•
At 31 E*cembeT 2024 and 31 C*cwrthr 2023
N•t book Valu
At 31 Oecember 2024
At 31 Oeeemb•r 2023
Thar• V•*re no investrrnnl assets outshle the UK
Th8 CLJnpany's inNtslJrnnts at lh8 balance st*et date in the sharn wital of conyank*J indud8 foll¢xirs.'
Bam Th•atr• Ent•rpriM• LiM¢t￿l
RegiSte￿d office: Tanners Soliators Lancaster House. Thtynas Strert Qfer￿￿, GloueAstershire. Englarny.
BS14AG
Naiure of bu*ne5S'. FJUPPOrt ac*vFt*s to porftyrnwy arts
Clus ol #harn..
Ordinary
holdv
2024
2023
A￿regate capital arKJ reserves
(Lossllprofrt for year
(9.579)
(1.937}
17.642)
11,183)
Pag8 19
rA)ntinued...

THE 8ARN T
TRE PROJECT
i)cial Statements - con
for the ear ended 31
cem
r 2024
14.
Debtors.. amounts falling duè wrthin onè year
2024
2023
Trade deb1015
Other debtors
Accrued Income
Prepayments
43,457
93,481
6,379
123,446
119,680
23.718
260,126
153,543
15.
Creditors: amounts falling due within one year
2024
2023
Trade creditors
Social security and other iaxes
VAT
Ottter creditor5
Accruals and defeffed inccme
90.589
8,496
1,406
17,800
146,781
148.881
99.456
9.071
265.072
637.B67
Deferred income
Reloa$ed to
incomlng
resources
Asat1
January 2024
Defor￿d in
Asat31
the year December 2024
Tickei sales
350.621
1350.6211
119.032
119.032
Total
350.6211
129 1?6
129.126
Al the balance sheat dale the chanty was ho5ding fund5 re￿iVed in advan￿ fgr shows dLt8 lo be deliveied after
the year end and fof which entit￿ment ￿ the i￿orr* 15 not received until the seThice is delivered.
Movement in fvnds
16.
Balanc8
blf
Incoming
resources
Resource8
expended
Balance
Transfers
Unrn$triGt¢d
General fuTrJ
193,708
1,665.102
11.662,5401
196.270
Restricted funds
Fairford
Play rt Forward
260.000
13.355
1260.0001
11,6761
1.680
193,708
1.938.457
1.934,216
193,708
Fairford inctjrne is a restncted I￿natiOn for the cperaliThJ costs of the charity.
Play it Fonvard income is restricted donations received and exwded to make qualty theatre accessible to
everyone. regardless of income, health. or age.
Page 20

THE aARN TH
lin
for
ear
31
17.
Rglalod party dlsclosurns
￿￿ring FWiC#J Sa￿ of £1.673 {2023 - £nil} wwe to Inglesmlg Her(tage Limited. a company in which a
Tn4St80 of The 8am Th￿tTe PrqeL# a dire(*crf Trre was £255.11 (Krtstsnding al the perlod end12023 Ènil).
During thè Keri￿5 sa￿S of £10.319 (2Q3. £7.315) were m*18 to Bam The*e Entwprises ￿MIted, a compary in
whth a frustge of Th? Barn Theaire Project a thrector. At Ir* Feriod end a balance of £nil 12023 £1,209)
remained ¢JutstaTrJiw There is also a working taprtal ban bakn¢e of £21.4E6 12023 Q1,466 in rew of
transactK>n beh¥een the trading sut6NJiary ar￿ its parent
Duftng the sales of£nil12023. £42.2911 were made to Ass￿lated T￿￿tr8S L¥nrted, a ts)rrpany in whTth a
Trustee ofThe Bam TI￿tre Piciect is a director. At the penoj end a batancg of £nil12023- £1.CK]O.(KJl remained
outstsnding
During the period purchases of £184.66212023- £254.689) were made from Ingles*Je Heritage Limited. a company
in which a Tnjstee of The Bam T￿tre Proiecl is a director. At the peri￿ a balan¢8 of £4.78812023. £4,576)
remained outstanding. Thex wrrkn ace (or Theat￿ HI￿ £108.417 12023 - £143, 1191. thè costs of uts"lJb"8s
used in operatiw the theatre £18.98012023- £65.9851. management tharggs£28.7631£2023 £nill arKI fo(*J, drink
and accommtrdation SUppl￿d to the Theatre £27,742 {2023- £45.585}.
During the purchases of £12.Im {2023. £3.CLKII were made from F¢)sse*ay Properti6s Ltd, a cwpany in
whrch a Tws18e of The Bam Theatre Prqe¢t is a dir￿￿￿. Atth• peritsj •rKI a balanc* of £ nil (2023 £nill r•mairJed
outstsnding.
During the Feric•Y purchases of £78,890 (2023- £84.2601 were made from Techsmart Theatre SeTh+1￿$ Limit8d
company in whith a TNstge ofThe Bam Tratre Proieci ¥ direclor. The￿ was a balance of £1,61012023- £nil}
outslaThJing at yèar wd. Th• ￿[Chase$ werè for lechnical 8upF￿ to tr£ Theatre.
t￿rIng the peri￿1 donations were received of £58.25012023. £89.841} from Techsm&t Theatrè Se￿1￿8 knmited.
L￿ring the period purchase5 of £40.71912023 - £34.984) made trom Oldfield PAtsines5 SeThices Limited,
company in which a Tru$tse of The Bam TI￿re Prryed 15 a dirxtcrf. There was a balar￿ wtstar*Jirg at t
year end of £591 12023- £22.384).
Dtsrrng peiicxl, Trustse lan Carling pro￿d￿j a donat￿￿ of £2eO.(KM) (2023 £3￿).(￿). At tho perioj a
balance of £ nil12023 £niJ) remained OL￿ta￿lI1¥J.
Page 21