Company Registration Number 07799494 Registered Charity Number 1185967
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE)
REPORT AND ACCOUNTS For the year ending 31 March 2025
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT For the year ended 31 March 2025
The Trustees, who are also Directors for the purposes of company law, present their Annual Report together with the financial statements of Common Wealth Theatre for the year 1 April 2024 to 31 March 2025.
The Annual Report serves the purposes of both a Trustees' Report and a Directors' Report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Common Wealth Theatre Charity registration number 1185967 Company registration number 07799494 Registered office 20 North Parade, Bradford, England, BD1 3HT
Trustees
For the purposes of the Companies Act 2006, the Board of Trustees is the Board of Directors of the charitable company and is referred to as the Trustees throughout this report.
The Trustees of Common Wealth Theatre during the period and to the date of signing this report are as follows:
D Beadle A Letman S Mahmood E Manning F Mukulu Mukiibi Appointed 9 July 2024 J Phillips E Robinson, Chair A Westle R White
Independent Examiner
Pete O’Hara FCA , Chartered Accountant, 26 La Sagesse, Jesmond, Newcastle upon Tyne NE2 3AF
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COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT For the year ended 31 March 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Documents
Common Wealth Theatre is a charitable company limited by guarantee, set up by a Memorandum of Association and incorporated on 6 October 2011 and registered as a charity on 24 October 2019
The Directors of the company are also Trustees of the charity.
Eligibility for membership of the charity, and membership of the Board of Trustees, is governed by the Articles of Association. There are no restrictions in the governing document on the operation of the charity other than those imposed by general charity law.
Structure and Governance
The charity currently has a board of nine non-executive Trustees.
The Board meets a minimum of four times per year, and a finance sub-committee also meets quarterly. Detailed written Board reports and an agenda are prepared by the Executive Director and circulated in advance of meetings.
Recruitment and Appointment of Board of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
The Charity Commission has granted approval for Co-Artistic Directors, Evie Manning and Rhiannon White, to be both Trustees and remunerated employees and, while this is the case, there will always be a minimum of five Trustees on the board in order that the number of other Trustees exceeds that of paid employees at all times.
Policies and procedures are in place to ensure that all conflicts of interest are properly managed.
A Trustee holds office for three years from the date of appointment at the end of which they may be reappointed for a further term or terms up to a maximum of nine consecutive years.
Board members are selected for their skills and experience but also with a view to having a Board that is diverse, balanced and representative of the communities Common Wealth Theatre works within. Trustees are elected to the Board based on discussions and recommendations offered by Trustees and outside advisors to the organisation, as well as through a range of advertising channels.
Trustee Induction and Training
New Trustees are inducted by the Chair of the Board and executive team and are provided with a range of resources to support their understanding of Common Wealth Theatre activities.
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COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT For the year ended 31 March 2025
OBJECTIVES AND ACTIVITIES
Charitable Purpose and Objects
Common Wealth's objects are:
1 - The advancement of the arts for the public benefit, with particular but not exclusive reference to the performing arts and:
2 - To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society in particular but not exclusively by providing:
a) Opportunities to understand their own lived experience and that of the community around them and:
b) Public spaces to share those experiences either formally or informally to encourage society's better understanding and acceptance of those who are currently excluded. For the purpose of this clause means being excluded from society, or parts of society as a result of one or more of the following factors: unemployment, financial hardship, youth or old age, ill health (physical or mental), substance abuse or dependency including alcohol and drugs, discrimination on the grounds of sex, race, disability, ethnic origin, religion, belief, creed, sexual orientation or gender re-assignment, poor educational or skills attainment, relationship and family breakdown, poor housing (that is housing that does not meet basic habitable standards), crime (either as a victim of crime or as an offender rehabilitating into society).
Strategies for Achieving Objectives
To achieve our objectives, we collaborate with people new to the arts and established artists to create high quality and experimental theatre where personal experience is championed, respected and valued.
Our vision is a society where people normally underrepresented are valued and championed in the arts and all walks of life. Our values are expressed in our name Common Wealth, which points to the wealth of experience, stories and imagination in places and communities often dismissed as poor or in need of cultural development; and in being common and in common with those we collaborate with, and our audiences where we create riches to share.
Activities undertaken to achieve Objectives
Common Wealth undertakes four main activities in order to achieve its objectives:
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We create high quality, multi-disciplinary, experimental theatre where process is as important as form.
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We facilitate meaningful, creative experiences for working class people as protagonists, audience, performers and participants.
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We collaborate and share our practice with arts and non-arts partners nationally and internationally with the aim of being a leader in socially engaged practice.
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We strengthen our organisation as a relevant, sustainable and equitable arts organisation operating in the UK
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COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT
For the year ended 31 March 2025
OBJECTIVES AND ACTIVITIES (CONTINUED)
Public Benefit
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
The Trustees understand and have discussed the implications of the provisions of the Charities Act 2006, which state that all charities must demonstrate that they are established for public benefit and have had due regard to the public benefit guidance issued by the Charity Commission. The Trustees believe that the charity meets both of the key principles.
– Principle 1 There must be an identifiable benefit, or benefits
Prioritising and reinventing access and engagement is at the heart of all Common Wealth's activity and explains why our purposes are for public benefit. We believe in art for and work to change the profile of who is engaged in decision-making, artistic production and performance in the arts. We recognise the importance of process and co-create theatre with our communities to drive positive social change.
The Warwick Report (2015) showed us that only 8% of the population access the arts, and these are generally people who are white, middle-class and older. This means that usually the best educated and wealthiest in society are benefiting from the arts. We want to push for change in an industry that undervalues and distances itself from working class people, culturally, socially and economically.
We place huge value on long-term partnerships with the voluntary and charity sector. We see theatre as a vital part of the public realm, and we start every new venture by engaging people who are the experts of the subjects we are exploring. This includes members of the public and staff in social services, health, police, unions and community centres.
Whilst tickets are available to everyone, we work hard to ensure that people who face additional barriers to attending theatre can experience our work. We heavily discount tickets so that people on low incomes can purchase tickets at a fraction (10%) of the face value and we invite community groups who have charitable purposes which are linked to the subject of the performances, to attend for free.
The State of the Arts Report (2024) by the University of Warwick and Campaign for the Arts states significant arts engagement gaps between disabled adults and the population as a whole; and that is some parts of the UK, there are significant arts engagement gaps between adults from ethnic minorities and the population as a whole.
We also know that arts education in England has experienced significant decline, with the arts – marginalised in state-funded secondary schools with engagement amongst 11 15-year-olds falling by 23% in arts & crafts, 24% for drama, 26% for music and 29% for dance. Since 2021 in England, the Government has segregated arts subjects from other, ‘strategically important’ subjects in Higher - Education, and imposed 50% cuts in ‘high cost subject’ funding.
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COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT For the year ended 31 March 2025
OBJECTIVES AND ACTIVITIES (CONTINUED)
Public Benefit (Cont.)
The UK has one of the lowest levels of government spending on culture among European nations and was one of a small minority of countries to reduce total culture spending per person between 2010 and 2022. Between 2009-10 and 2022-23, in real terms, core grant-in-aid funding of the Arts Councils per person decreased by 18% in England, 22% in Scotland, 25% in Wales and 66% in Northern Ireland. Public arts funding in Wales is a source of concern and debate, with multiple reports suggesting that spending on culture and sport is among the lowest in Europe. A cross-party Senedd committee found "historic underfunding" of the arts in Wales.
This happens even though ‘Engaging with the arts improves quality of life and supports our health and wellbeing’ (World Health Organisation Report (2019); despite the creative industries generating £124bn in GVA to the economy in 2023, and employing 2.4 million people in 2022; and despite 72% of business leaders saying creativity is among the top five applied skills sought by business leaders (The Conference Board’s Ready to Innovate Report, Forbes).
We continue to have our work cut out…
Principle 2 - Benefit must be to the public, or a section of the public
Our work benefits members of the public locally, nationally and internationally:
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As audiences of our high-quality, experimental and inclusive work;
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As participants and volunteers to whom we offer opportunities to engage;
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As artists and arts professionals at all stages of their careers, to whom we offer fairly paid work, and share our socially engaged practice.
We have a focus on people from working-class backgrounds and specifically those who are marginalised or intersectional people that face social injustice of inequity.
We also have a strong focus on young working-class people and communities in our local areas in Bradford and Cardiff, to whom we offer paid work, and participation and volunteering opportunities, as a way of supporting the next generation of working-class artists and arts professionals, continuing Common/Wealth’s ‘movement’.
Our work offers opportunities for those we engage with to understand and value their own lived experience and that of the communities around them.
Common Wealth Theatre’s beneficiaries are therefore entirely appropriate to its aims and the public as a whole benefit from its work. All of these benefits are clear, evidenced and relate directly to Common Wealth Theatre’s aims. In addition, the Trustees do not consider that any significant detriment or harm flows from Common Wealth work.
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COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT
For the year ended 31 March 2025
OBJECTIVES AND ACTIVITIES (Continued)
Risk Management
The Trustees of the charity regularly review the major governance, operational and financial risks which the charity faces as part of its annual business planning process and confirm that systems have been established to mitigate these risks.
Common Wealth Theatre has a risk management strategy in place which comprises:
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an annual review of the strategic risks the charity may face via the business plan, plus quarterly monitoring
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the establishment of systems and procedures to mitigate those risks identified
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the implementation of procedures designed to minimise any potential impact on the charity should those risks materialise.
The Trustees are satisfied that appropriate financial systems and controls and employment policies and practices are in place.
The Trustees consider the key risks facing the charity at this time and the mitigating actions taken to be as follows:
Workload of core staff and freelance team becomes unmanageable/team burn-out:
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Weekly staff check-ins in place to identify any workload issues at early stage and implement mitigating actions
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Annual activity of company mapped out to understand any potential ‘pinch - points’ and additional resource/staffing built into project budgets and arranged as required; and role descriptions directly linked to business plan
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Supported by green-lighting processes
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Health and wellbeing of team prioritised to ensure a positive and supporting working culture.
Resignation or long-term absence of key staff members/Trustees due to illness/other:
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Appointment of maternity cover for co-Artistic Director (Bradford) in place May 2025-February 2026. Appropriate induction, supervision and support in place
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Staffing capacity, performance and training requirements monitored by co-Artistic Director, Executive Director and board during this period
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Ongoing Trustee recruitment improves resilience and Trustee succession planning, as well as providing consistency
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Good board capacity supports executive team.
Not delivering artistic excellence:
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Engaging reputable and experienced creative teams, including more artists from diverse backgrounds, reflecting our communities
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Sharing work-in-progress with audiences and peers to gain and listen to critical feedback
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Evaluating artistic achievements and shortcomings for every project and using our evaluation to continually improve artistic practice.
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COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT
For the year ended 31 March 2025
OBJECTIVES AND ACTIVITIES (Continued)
Risk Management (Cont.)
Not achieving audience ambitions:
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Dedicated communications plans and strong audience development work with local audiences supported by community partners
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Supporting communications teams with experienced PR consultants
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Developing a robust strategic Communications Plan for the organisation
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Projected income from tickets sales is modest and reflects current financial climate.
Reputational risk: Common/Wealth deliberately address social injustice, which sometimes attracts criticism:
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We carefully craft communications materials/assets around our work
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We develop Risk Plans for projects that we anticipate might attract negative attention or criticism and often offer media training and support to our core and project team members
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We carefully consider our responses to criticism, protecting the people we employ, those we collaborate with, those who support us and the reputation of the organisation we have built, whilst staying true to our charitable aims and calling out injustice.
Not achieving income targets (trusts and foundations, earned income):
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Robust Fundraising Plan in place with a ‘whole organisation’ approach, plus recent multi -year successes with key trusts/foundations supporting core costs
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Development of new ‘conscious’ partnerships, with charity/third/public sector organisations, alongside continuing to value and nurture relationships with arts/cultural partners, locally, nationally and internationally
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Opportunities to diversity income further currently being explored via commercial activity/new markets, individual giving and sponsorship opportunities.
The Trustees also manage the general financial risks arising by ensuring that:
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Prudent but realistic budgets have been set for the next financial year, including appropriate contingencies
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The charity maintains a low-cost base and cost efficiencies are explored through the artistic programme, including re-purposing/up-cycling, supporting our climate justice aims too
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Regular management accounts are provided, showing the performance against budget, and scrutinised by a Finance Sub-Committee comprising Trustees and the executive team
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Contingency plans are in place for the actions which would be taken if income appears unlikely to reach its target
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Reserves policies have been adopted which provide an appropriate amount of uncommitted reserves which will always enable the charity to meet all its liabilities even if income targets are not achieved
Grant Making Policy
The charity does not currently engage in grant-making activity.
The Contribution of Volunteers
The charity makes use of volunteers within its productions and to support its general activities.
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For the year ended 31 March 2025
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT
ACHIEVEMENTS AND PERFORMANCE
Summary of the main achievements of the charity during the year
In January 2024, we engaged our Performance Collective in Bradford, a group of 9 working-class young people aged 18-30, whom we employed until December 2024, to develop their skills as facilitators and performers. Between April-December 2024, they continued research on our project for Bradford UK City of Culture 2025, taking part in several R&D processes. They also collaborated on a new piece of devised work, In Common , supported our Youth Theatre Lab, and developed their own performances for a showcase in December 2024. We continue to collaborate with and support many of the collective, most of whom have taken up further opportunities in the arts, either in employment or through further training.
“ It's given me a lot of confidence and real skills, and I’m already using what I’ve learned. I’ve matured, especially in how I communicate ”
Following the success of The Posh Club in Cardiff in December 2022, we collaborated with Duckie to bring it back for a series of 5 seasonal Posh Clubs in 2024/25, with the addition of smaller Posh Club boutiques in between main events. The events attracted audiences of 1,120, all of whom were aged 65+, with around 60% local to East Cardiff, Wales.
“Events like this don’t normally exist for my age group. Such an excellent experience”
We were commissioned by Bradford Industrial Museum to develop an exhibition featuring elements of Fast Fast Slow, which we’d presented as part of the British Textile Biennial in Blackburn and as part of Bradford Festival in 2023. The exhibition, which opened in June 2024, is a permanent feature in the museum’s family gallery. In 2024/25, it attracted c.17,500 visito rs.
Throughout 2024/25 we collaborated with our Performance Collective and campaign partner JENGbA on Public Interest, undertook casting and rehearsals for Public Interest , commissioned by Bradford UK City of Culture. We presented it in May 2025 to sell-out audiences and received positive audience and media feedback, with interest for re-staging in other locations.
“ An engaging production that puts the audience at the heart of the action. The whole cast excels ”. The Stage ****
We carried out a series of R&D processes throughout the year, developing our major new production Demand the Impossible throughout the year, which we’ll present at the Corn Exchange, Newport, Wales in October 2025. Originally supported by National Theatre Wales, Demand the Impossible is co-produced with Wales Millennium Centre. We have also successfully - applied to Arts Council Wales’s Create fund and Immersive Arts to realise this production. Part performance, part punk gig, part-sensory experience, Demand the Impossible, created in collaboration with activists directly spied on, explores police injustice and the undercover infiltration of activist networks, from the 1970’s to date, from the blacklisting of miners, through to animal rights and climate change activists to the Black Lives Matter movement. It challenges us to question truth, trust and power, focussing on the futures stolen from all of us – we’ll never know what our world would have looked like if we’d been allowed to change it.
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COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT For the year ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achievements of the charity during the year (Cont.)
In May 2024, in response to a Race Equality Taskforce report that identified a lack of representation and engagement in political processes across Global Majority young people in Cardiff, we designed and delivered a pilot of Take Your Place , an arts and activism leadership project for working-class young people. The project developed confidence and networks so that local young people are seen, heard and listened to, in order to bring about change. We worked with 28 young people, 87% from Global Majority backgrounds. The project will continue into 2025/26 with support from Cardiff Council.
“ I really enjoyed it, I loved the activities and making new friends. I feel more confident, and I feel heard when talking about my views ”.
In July 2024, we hosted our first 29% youth festival in Bradford, where, at the time around 29% of Bradford’s population were under 20, making it one of the youngest cities in Europe. We offered over 75 paid commissions to young working-class creatives, to facilitate, develop and present new work, including performance, music, DJ’ing, dance, and poetry. The festival attracted audiences of over 400 young people, and the work was received well, engaging with many young people completely new to us, including from the Roma community and young people from Sanctuary seeker backgrounds.
We have an ambition to deliver 29% festival annually and this is already planned in at the new Bradford Arts Centre in November 2025, led by a young people’s advisory board and a stakeholder group including Bradford 2025, Child Friendly City, Give Bradford and the Race Equality Network.
As part of 29% in 2024, we tested a new performance developed with our Performance Collective. In Common is built around camps of people with shared skills and experiences in common and is based on the format of a citizen’s assembly with performative moments that intersect with the - conversational. Designed to ‘pop up’ on any residential street as outdoor theatre, we’re aiming to further develop In Common and present it in the UK and internationally from 2026 onwards.
We were invited by Healthy Minds/NHS Bradford & Craven to co-create a performance with its service users for an audience of health professionals and members of the public to mark mental health week in autumn 2024. We developed Still Waiting , which was based on the concept of In Common, and integrated seven languages plus BSL. It sold out and was received well by healthcare professionals, the public, ESOL and deaf students. A full-length video was also produced which is being used for training by Healthy Minds.
In September 2024, we shared a ‘scratch’ version of How to Build a Town , which was our response to Cardiff City Council’s Local Development Plan. Crafted using testimony from interviews with over 25 local people, How to Build a Town was seen by over 60 people, the majority of whom are residents or those who work in East Cardiff, plus policy and decision makers. The sharing was followed by conversations facilitated by our Sounding Board, with responses being fed into the LDP.
“ - Really inspiring, and raised the bar for me on how people can connect …stunning community grounded work ”
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COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT For the year ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achievements of the charity during the year (Cont.)
In collaboration with Fuel, we presented Peaceophobia at Gloucester’s Strike a Light Festival in September 2024. There was strong advance engagement with schools, colleges and car enthusiast groups and as a result the show was well attended and received positively by audiences.
We participated in West Yorkshire’s Creative Growth Programme, run by Creative UK, taking part in mentoring and workshops to explore commercial or entrepreneurial opportunities for Common/Wealth, and attending West Yorkshire and National Summits to share C ommon/Wealth’s approach and work.
In April 2024, Common/Wealth spent a week in Berlin, exchanging our practice with peers and - colleagues, Gob Squad arts collective. We went on to use some of the ‘task based’ devising techniques in a Youth Theatre Lab production later in the year, and with our East Cardiff Sounding Board, and it hugely influenced our approach to Public Interest.
In January 2025, Gob Squad visited Common/Wealth in both Cardiff and Bradford, developing versions of their Dancing About performance, which we shared with members of our Sounding Board, Cardiff and Performance Collective, Speakers Corner and Youth Theatre Lab in Bradford, and local artists/interested parties in both locations, all with varying levels of performance experience.
We’ve learned lots during this year of exchange with Gob Squad, especially about rules and templates/blueprints, and together we’ve explored the idea of concept touring. It has and will continue to influence our thinking and practice. We plan to continue our exchange of ideas and practice and look for ways to collaborate in the future.
In February 2025, we held a series of free workshops at Llanrumney Hall, funded by a grant from the UK Prosperity Fund. These workshops were created in response to conversations with ‘Into Work’, a local service that supports people starting or getting bac k into work, who had been struggling with engagement. We wanted to create a series of workshops that focussed on getting people out of the house, having fun, whilst addressing how people might be feeling about the world, themselves and everything around them - looking at injustice through a lens of care. Common/Wealth, Taylor Edmonds and Scottee delivered the workshops.
In February/March 2025, we participated in an R&D process for Black Metal Mabinogion , inspired by The Mabinogion, an anthology of stories thought to be Wales’s earliest folklore tales, a project led by visual artist S. Mark Gubb, with Steve Burrows from the National Museum, which involved visiting Blaina Ffestiniog and Harlech, examining locations relevant to the Mabinogion, as potential performance sites, plus a writing workshop and a workshop involving handling the museum's collection. We are continuing this collaboration in 2026, exploring further ways performance, community curation and historical artefacts can feature together.
In this period, we recruited three new members of our East Cardiff Sounding Board. The Sounding Board participated in our Climate Justice Stay Day, took part in the R&D for Black Metal Mabinogion, and a 2-day workshop by peers Gob Squad, and curated artists for Everyone is an Artist. They also hosted conversations during How to Build a Town following training in facilitation and public speaking, were hosts for The Posh Club and regularly participated in Welsh Book Club.
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COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT
For the year ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achievements of the charity during the year (Cont.)
Youth Theatre Lab continued weekly (term-time) throughout 2024/25, presenting The Games we Play, based on work with Gob Squad, at 29% festival, as well as hosting and collaborating with a cohort of young people from Erfurt as part of a German Exchange project. This project will continue into 2025/26, with our young people from Youth Theatre Lab undertaking a return visit to Germany in summer 2025.
Speakers Corner also continued throughout 2024/25, developing and hosting a programme of practical self-defence classes and talks under the theme of Know Your Rights , a programme that set the context for Public Interest . Talks, delivered in partnership with the Race Equality Network, included from No More Exclusions and Adele Oliver, around the criminalisation of music.
Young people from both Bradford and Cardiff, from our Performance Collective, Youth Theatre Lab and Take Your Place project, took part in an online international conference around activism and climate change, 100 Agents of Change , delivered by In Place of War.
We continued to work on our first book, Do It Yourself: making political theatre , which will be published by Manchester University Press in September 2025.
Common Space in Bradford was used regularly throughout the year by local artists and community organisations, with weekly music and DJ sessions from All Star Entertainment, plus for rehearsals, performances, podcasts, training, workshops, meetings, and residencies. The majority of this has been programmed by co-tenant Castles in the Sky. The council-owned building that Common Space is part of will be demolished soon, so Common/Wealth will leave in December 2025, and temporarily use co-working space at Assembly, Bradford, until summer 2026, when we hope to move into new city centre premises.
We delivered a variety of talks and workshops, including for a range of universities, colleges and schools, as well as for The British Council, A New Direction, Wales Millennium Centre, Chapter, Wales Arts International, Hong Kong Film Festival (Cardiff), The Power of Storytelling Festival in Bucharest and The Royal Society for Architects.
We are grateful to our funders for their support during this period, including Arts Council England, Bradford Council, The Paul Hamlyn Foundation, Arts Council Wales, The Leap, The Manjit Wolstenholme Fund via Give Bradford, The Network for Social Change, Horizon, Wales Arts International, Necessity UK/S.H.E.D., Trowbridge & St Mellons Together Trust, UK Shared Prosperity Fund via Cardiff Third Sector Council, John Ellerman Foundation, Esmee Fairbairn Foundation, Garfield Weston Foundation, Media Cymru, Cultural Bridge via The Goethe Institute, Immersive Arts and The Stephen Clark Trust.
During 2024/25, we delivered 4 projects; premiered 3 brand new theatre productions; and restaged 2 productions; collaborated with over 120 people/artists; engaged 2,282 people as participants; with audiences of c. 3,500 experiencing our work with a further 40,000 experiencing our exhibitions.
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COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT
For the year ended 31 March 2025
ACHIEVEMENTS AND PERFORMANCE (CONTINUED)
Summary of the main achievements of the charity during the year (Cont.)
Financial Review
The out-turn for the year is an unrestricted surplus of £186,606 (2024: Deficit £36,740). The surplus will leave a balance on Unrestricted Funds at 31 March 2025 of £442,338.
Going Concern
The accounts have been prepared on a going concern basis on the assumption that the charity is able to carry on operating as a going concern in the foreseeable future, which the Trustees consider appropriate
Reserves Policy
Common Wealth Theatre is committed to building an appropriate level of reserves for the organisation’s needs.
We have calculated that £130,000 is sufficient to cover a combination of 3 months running costs and meeting all our liabilities should a wind-up need to occur.
Total Unrestricted Funds at 31 March 2025 stand at £442,338, from which the Trustees have agreed to designate £25,000 for each of the Bradford and Cardiff locations to develop new projects.
Free reserves, defined as non-designated Unrestricted funds (£392,338), minus the value of Tangible Fixed Assets (£5,340) are therefore £386,998, which exceeds our reserves targets.
However, due to funds being received in financial year 2024/25 for activity in financial year 2025/26, the Trustees have set a budget for 2025/26 which anticipates a deficit of c£237k for new projects, as well as strategic investment in staff infrastructure, communications and information systems.
This will reduce free reserves to above the target figure by c£20k by the end of 2025/26, which is felt to provide a sensible degree of contingency, given a challenging funding environment at present.
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COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT
For the year ended 31 March 2025
PLANS FOR FUTURE PERIODS
2025/26 is a major year for delivery, including premiering Public Interest (May 2025) as part of Bradford UK City of Culture; as well as premiering Demand the Impossible in partnership with Wales Millennium Centre (October 2025); and development of plans for re-staging both productions in 2026/27 and beyond.
Alongside, Manchester University Press will publish our first book: Do It Yourself: making political theatre , and we’ll develop a programme of public and academic workshops alongside.
We’ll deliver creative programmes for young people including 29% festival , a satellite version of Youth Theatre Lab in a community setting, and a new Collective for young working-class artists in Bradford; alongside a new version of Take Your Place in Cardiff. In both locations, we have youth exchange projects with separate German partners.
Developing individual creativity, opportunities and pathways for artists and local people of all backgrounds and ages remains a priority for us, delivering Everyone is an Artist and The Posh Club boutiques in Cardiff and the Collective in Bradford; and we’re imagining a new shape and public outcomes for Speakers Corner in 2025/26.
Our Sounding Board in Cardiff will continue to shape our programme, who we collaborate with and take part in training and development opportunities, whilst we put more solid plans in place for a festival in East Cardiff in 2026/27.
We were honoured to be invited to curate a public programme, Grenfell: we stand with you, alongside the screening of Steve McQueen’s Grenfell at Chapter in Cardiff, one of 6 national venues hosting the work between 2025-27 to draw attention to the tragedy and inaction that has followed.
We’ll continue to support and advocate for our sector, and most importantly continue to make and collaborate in brave, important, urgent artistic work that highlights social injustice, platforms working-class people and demands accountability and change.
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COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) TRUSTEES’ REPORT
For the year ended 31 March 2025
RESPONSIBILITIES OF THE TRUSTEES
The Trustees (who are also the Directors of Common Wealth Theatre for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgments and estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the Trustees
Emma Robinson (Sep 14, 2025 11:38:19 GMT+2)
E Robinson (Chair of Trustees)
Jenny Phillips Jenny Phillips (Sep 11, 2025 12:14:54 GMT+1) J Phillips (Trustee)
Company Registration Number 07799494
11 September 2025
15
INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF COMMON WEALTH THEATRE FOR THE YEAR ENDED 31 MARCH 2025
I hereby report to the Trustees of Common Wealth Theatre (Charity Registration Number 1185967) on my examination of the accounts for the year ended 31 March 2025 set out on pages 17 to 30.
Responsibilities and Basis of Report
As the charity’s Trustees (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under sectio n 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent Examiner’s Statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the accounts have not been prepared in accordance with the methods or principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)).
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 accounts to be reached.
Pete O’Hara, FCA, Chartered Accountant Fellow of the Institute of Chartered Accountants in England & Wales
26 La Sagesse, Jesmond, Newcastle upon Tyne NE2 3AF
11 September 2025
16
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Note Income Income from Investments 3 Income from Donations & Legacies 4 Income from Charitable Activities 5 Other Income 6 Total Income Expenditure Expenditure on Charitable Activities 7 Total Expenditure Net Income/(Expenditure) Balance brought forward at 1 April Balance carried forward at 31 March 14 |
Unrestricted Funds Restricted Funds Total 2025 Total 2024 £ £ £ £ 3,442 - 3,442 3,255 1,105 - 1,105 120 618,952 87,963 706,915 497,270 48,305 - 48,305 4,841 |
|---|---|
| 671,804 87,963 759,767 505,486 485,198 70,752 555,950 502,083 |
|
| 485,198 70,752 555,950 502,083 |
|
| 186,606 17,211 203,817 3,403 255,732 28,234 283,966 280,563 |
|
| £442,338 £45,445 £487,783 £283,966 |
The notes on pages 19 to 30 form part of the financial statements.
All of the activities of the company are classed as continuing.
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.
17
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL POSITION/BALANCE SHEET AS AT 31 MARCH 2025
| Notes Fixed Assets Tangible Fixed Assets 9 Current Assets Debtors 10 Cash At Bank & In Hand Creditors– Amounts Falling Due Within 1 Year 11 Net Current Assets/(Liabilities) Total Net Assets 12 Represented by: Unrestricted Designated Funds 13 Unrestricted General Funds 13 Restricted Reserves 13 |
2025 2024 £ £ 5,340 4,586 57,887 25,519 448,302 270,764 |
|---|---|
| 506,189 296,283 (23,746) (16,903) |
|
| 482,443 279,380 |
|
| £487,783 £283,966 |
|
| 50,000 139,015 392,338 116,717 |
|
| 442,338 255,732 45,445 28,234 |
|
| £487,783 £283,966 |
The notes on pages 19 to 30 form part of the financial statements.
The Trustees are satisfied that for the year ended 31 March 2025 the charity was entitled to exemption under section 477(2) of the Companies Act 2006.
The Trustees also confirm that the Members have not required the charity to obtain an audit in accordance with section 476 of the Companies Act 2006
The Trustees acknowledge their responsibilities for:
(i) ensuring that the charity keeps adequate accounting records which comply with section 386 of the Act, and
(ii) preparing financial statements 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 its profit or loss for the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the charity.
These financial statements were approved and signed on behalf of the Board of Trustees on 11 September 2025.
Emma Robinson (Sep 14, 2025 11:38:19 GMT+2) E Robinson (Chair of Trustees)
Jenny Phillips Jenny Phillips (Sep 11, 2025 12:14:54 GMT+1) J Phillips (Trustee)
Company Registration Number 07799494
18
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies
Basis of Accounting
These financial statements have been prepared in accordance with applicable United Kingdom – accounting standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102'), and with the Companies Act 2006 and the Statement of Recommended Practice (Charities SORP FRS 102) "Accounting and Reporting by Charities" and the Charities Act 2011.
The financial statements have been prepared on the historical cost basis, modified to include certain financial instruments at fair value.
Advantage has been taken of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a statement of cashflows.
The financial statements are prepared in sterling, which is the functional currency of the charity.
Taxation Status
Common Wealth Theatre is a Charity registered under the 1960 Charities Act and is accorded exemption from liability to taxation on its income under S505 Income and Corporation Taxes Act 1988.
Going Concern
There are no material uncertainties about the charity's ability to continue.
Income
All income is included in the Statement of Financial Activities when the charity is entitled to the income, any performance related conditions attached have been met or are fully within the control of the charity, the income is considered probable and the amount can be quantified with reasonable accuracy.
The following specific policies are applied to particular categories of income:
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Donations and legacy income is received by way of donations, legacies, grants and gifts and is included in full in the Statement of Financial Activities when receivable.
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Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
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Investment income is included when receivable.
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Income from charitable trading activity is accounted for when earned.
-
Other income is accounted for when receivable.
19
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies (Continued)
Operating Leases
The charity classifies the lease of certain types of equipment as operating leases as the title to the equipment remains with the lessor. Rental charges are charged against income on a straight-line basis over the period of the lease.
Tangible Fixed Assets and Depreciation
Depreciation is provided on any fixed assets at rates calculated to write off the assets over their remaining useful lives as follows:
IT & Stage Equipment
- 33% per annum straight line
A full year’s depreciation charge is applied in the year of acquisition and no charge is made in the year of disposal.
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial Instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost where there is a material adjustment.
Fund Accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the purposes of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for specific purposes.
Restricted funds are subject to restrictions on their expenditure imposed by the donor.
20
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
1. Accounting Policies (Continued)
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
There are no significant judgements or estimation uncertainty included within the financial statements.
Pensions
Common Wealth Theatre contributes to a defined contribution pension scheme. Further details can be found in Note 9. For the defined contribution scheme, the amount charged to the Statement of Financial Activities in respect of pension costs is the contributions payable in the year. Differences between contributions payable in the year and contributions actually paid are shown as either accruals or prepayments in the Balance Sheet.
2. Legal Status
The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1. The company law members of the charity are the members of its Board of Trustees.
3. Income from Investments
| Interest on Cash Deposits | Unrestricted Funds £ Restricted Funds £ 2025 £ 2024 £ 3,442 - 3,442 3,255 |
|---|---|
| £3,442 £- £3,442 £3,255 |
The 2024 total of £3,255 related wholly to Unrestricted Funds.
4. Income from Donations & Legacies
| Donations - General | Unrestricted Funds £ Restricted Funds £ 2025 £ 2024 £ 1,105 - 1,105 120 |
|---|---|
| £1,105 £- £1,105 £120 |
The 2024 total of £120 related wholly to Unrestricted Funds.
21
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
5. Income from Charitable Activities
| ome from Charitable Activities | |
|---|---|
| Grant Income Arts Council England–National Portfolio Organisation Arts Council England–Posh Club Arts Council of Wales - Core Arts Council of Wales–Create– Organisational Development Arts Council of Wales–Posh Club Bradford Council - Core Bradford Council–Fast Fast Slow Bradford Youth Fund Cardiff Third Sector Council - Nourish Cardiff University–Media Cymru Seed Grant–Demand the Impossible Esmee Fairbairn Foundation Garfield Weston Foundation–Public Interest Goethe Institute–Act Your Age John Ellerman Foundation Manjit Wolstenholme Trust - Public Interest Mind The Gap–29% Festival Necessity UK– Speakers’ Corner Network For Social Change Paul Hamlyn Foundation Stephen Clark Trust The Leap–29% Festival Wales Arts International–Gob Squad Exchange Earned Income Commissions & Performances Workshops & Events Other Project Income Miscellaneous Income |
Unrestricted Funds £ Restricted Funds £ 2025 £ 2024 £ 147,668 - 147,668 147,668 - 4,500 4,500 - 195,000 - 195,000 - 1,000 - 1,000 9,000 - - - 3,803 15,000 - 15,000 15,000 - - - 15,000 - - - 9,911 - 4,837 4,837 - - 10,000 10,000 - 48,000 - 48,000 - - 25,000 25,000 - - 6,211 6,211 - 10,000 20,000 30,000 - - 10,165 10,165 - - - - 7,815 - 2,500 2,500 - - - - 17,480 - - - 107,842 - - - 1,000 - 4,000 4,000 - - 750 750 15,750 |
| 416,668 87,963 504,631 350,269 180,200 - 180,200 118,145 13,910 - 13,910 18,690 6,318 - 6,318 9,503 1,856 - 1,856 663 |
|
| 202,284 - 202,284 147,001 |
|
| £618,952 £87,963 £706,915 £497,270 |
Of the 2024 total of £497,270, £432,612 related to Unrestricted Funds and £64,658 to Restricted Funds.
22
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
5. Income from Charitable Activities (Cont.)
| Earned Income Commissions & Performances Box Office Income Workshops & Events Other Project Income Miscellaneous Income |
Unrestricted Funds £ Restricted Funds £ 2025 £ 2024 £ 181,050 - 181,050 117,680 (850) - (850) 465 13,910 - 13,910 18,690 6,318 - 6,318 9,503 1,856 - 1,856 663 |
|---|---|
| 202,284 - 202,284 147,001 |
|
| £618,952 £87,963 £706,915 £497,270 |
Of the 2024 total of £497,270, £432,612 related to Unrestricted Funds and £64,658 to Restricted Funds.
6. Income – Other
| Theatre Tax Relief | Unrestricted Funds £ Restricted Funds £ 2025 £ 2024 £ 48,305 - 48,305 4,841 |
|---|---|
| £48,305 £- £48,305 £4,841 |
The 2024 total of £4,841 related wholly to Unrestricted Funds.
23
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
7. Expenditure on Charitable Activities
| Production/Project Costs Salaries & On Costs Creative Team Production Team Production/Project Costs Workshops & Training Project Travel & Subsistence / Per Diems Other Project Costs Support Costs Rent Other Premises Costs Depreciation ICT Costs Insurance Travel & Subsistence Irrecoverable VAT Other Administration & Running Costs Governance Costs Accountancy / Independent Examination Legal & Professional Fees Board/Compliance Costs |
Unrestricted Funds £ Restricted Funds £ Total 2025 £ Total 2024 £ 332,387 22,430 354,817 261,399 43,461 16,172 59,633 60,246 5,719 - 5,719 46,783 21,015 18,825 39,840 35,141 1,381 800 2,181 4,303 3,639 - 3,639 20,343 4,000 - 4,000 - |
|---|---|
| 411,602 58,227 469,829 428,215 6,325 - 6,325 5,895 5,024 - 5,024 7,170 2,390 - 2,390 7,482 5,460 - 5,460 4,674 1,951 - 1,951 1,810 20,224 7,984 28,208 31,370 3,466 - 3,466 - 16,826 4,541 21,367 4,984 |
|
| 61,666 12,525 74,191 63,385 8,841 - 8,841 6,472 2,674 - 2,674 3,998 415 - 415 13 |
|
| 11,930 - 11,930 10,483 |
|
| £485,198 £70,752 £555,950 £502,083 |
Of the 2024 total of £502,083, £434,384 related to Unrestricted Funds and £67,699 to Restricted Funds.
24
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
8. Net Income/(Expenditure)
| Net income/(expenditure) is stated after charging/(crediting): Independent Examiner’s Fees –current year Independent Examiner–Other Services Independent Examiner–additional previous year fees Depreciation of owned Fixed Assets Operating Leases–Land & Buildings |
2025 £ 2024 £ 1,680 3,150 720 3,322 4,525 - 2,390 7,482 6,325 5,895 |
|---|---|
9. Staff Costs & Trustees’ Remuneration
| Gross Salary Costs Employer’s National Insurance Employer’s PensionContributions–Defined Contribution Scheme |
2025 £ 2024 £ 328,176 241,749 20,742 14,607 5,899 5,043 |
|---|---|
| £354,817 £261,399 |
No employee received remuneration of more than £60,000 during the year (2024 - Nil).
The average number of staff employed during the year, calculated as full-time equivalents, was as follows:
| was as follows: | ||
|---|---|---|
| 2025 | 2024 | |
| No. | No. | |
| Artistic Production and Support | 9 | 6 |
The total amount of employee benefits (including employer pension contributions) paid to Key Management Personnel, defined as the Senior Management Team of the charity, was £127,323 (2024: £114,869)
During the year remuneration has been paid to two Trustees/Directors as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Evie Manning | 43,938 | 42,000 |
| Rhiannon White | 41,549 | 32,974 |
25
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025
9. Staff Costs & Trustees’ Remuneration (Cont.)
The Charity Commission has agreed previously that the two founding Artistic Directors can remain as Trustees. Whilst this is the case, there will always be a minimum of five Trustees such that the number of other Trustees exceeds that of Trustees who also serve as paid employees of the charity.
A further fee of £200 (2024: £Nil) was paid to Fahadi Mukulu, a Trustee, for attending a funders ’ meeting in accordance with Common Wealth’s constitution which says that Directors/Trustees can be remunerated for their services as Directors.
In addition, reimbursement of Travel and Subsistence expenses of £1,366 was made to 4 Trustees in respect of their attendance at meetings of the charity and work for the charity in the year (2024: £2,219 to 3 Trustees).
Pension benefits are provided through a Group Personal Pension Scheme, which is a defined contribution scheme. The assets of the scheme are held separately from those of the company in a separately administered fund. In the year to 31 March 2025 Common Wealth Theatre made an employer's contribution of 3% of pensionable pay, provided that the employee makes a minimum contribution of 5%.
These amounts are paid over to the scheme on a monthly basis. No contributions were outstanding at 31 March 2025 (2024: £Nil).
10. Tangible Fixed Assets
| Cost At 1 April 2024 Additions in year At 31 March 2025 Accumulated Depreciation At 1 April 2024 Charge for year At 31 March 2025 Net Book Value At 31 March 2025 At 1 April 2024 |
IT & Stage Equipment £ Total £ 35,762 35,762 3,144 3,144 |
|---|---|
| 38,906 38,906 31,176 31,176 2,390 2,390 |
|
| 33,566 33,566 |
|
| £5,340 £5,340 |
|
| £4,586 £4,586 |
26
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
11. Debtors
| 11. Debtors |
|
|---|---|
| Trade Debtors Other Taxes & Social Security Costs - VAT Other Debtors Prepayments 12. Creditors– Amounts Falling Due Within 1 Year Other Taxes & Social Security Costs–PAYE/NI Trade Creditors Other Creditors Accruals |
2025 £ 2024 £ 55,390 24,773 2,073 - 34 746 390 - |
| £57,887 £25,519 2025 £ 2024 £ 6,711 5,642 9,996 5,090 1,374 221 5,665 5,950 |
|
| £23,746 £16,903 |
13. Analysis of Net Assets between Funds
| Fixed Assets Debtors Cash at Bank and In Hand Creditors–Amounts Due Within 1 Year |
Unrestricted Funds Restricted Funds Total 2025 Total 2024 £ £ £ £ 5,340 - 5,340 4,586 57,887 - 57,887 25,519 394,974 53,328 448,302 270,764 (15,863) (7,883) (23,746) (16,903) |
|---|---|
| £442,338 £45,445 £487,783 £283,966 |
27
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
| 14. Analysis of Charitable Funds Unrestricted Funds General Funds Bradford Core Cardiff Core Company Core Designated Funds Bradford Cardiff Total Unrestricted Funds Restricted Funds The Together Trust–Posh Club Arts Council Of Wales–Create– Organisational Development Cardiff Third Sector Council - Nourish Cardiff University–Media Cymru Seed Grant – Demand The Impossible Garfield Weston Foundation–Public Interest Goethe Institute–Act Your Age John Ellerman Foundation–Demand The Impossible John Ellerman Foundation–Public Interest Manjit Wolstenholme Trust–Rights / Public Interest Network For Social Change The Leap–29% Festival The Leap / Necessity UK / SHED– Speakers Corner Wales Arts International–Gob Squad Exchange Total Restricted Funds Total Funds |
Fund at 1 April 2024 £ Income in Year £ Expended in Year £ Transfers £ Fund at 31 March 2025 £ 6,499 346,949 (251,632) 75,953 177,769 5,699 205,299 (136,299) 13,062 87,761 104,519 119,556 (97,267) - 126,808 |
|---|---|
| 116,717 671,804 (485,198) 89,015 392,338 115,953 - - (90,953) 25,000 23,062 - - 1,938 25,000 |
|
| 139,015 - - (89,015) 50,000 |
|
| 255,732 671,804 (485,198) - 442,338 - 4,500 (4,500) - - 1,873 - (1,873) - - - 4,837 (4,837) - - - 10,000 (10,000) - - - 25,000 - - 25,000 - 6,211 - - 6,211 - 10,000 (9,185) - 815 - 10,000 (10,000) - - - 10,165 - - 10,165 17,480 - (17,480) - - 5,820 4,000 (9,820) - - 2,256 2,500 (1,502) - 3,254 805 750 (1,555) - - |
|
| 28,234 87,963 (70,752) - 45,445 |
|
| £283,966 £759,767 £(555,950) £- £487,783 |
28
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Analysis of Charitable Funds (Cont.)
Name of Designated Fund
Description, Nature & Purpose
Bradford
Towards the costs of artistic projects originated by the Bradford team over the next 2 financial periods
Cardiff
Towards the costs of artistic projects originated by the Cardiff team over the next 2 financial periods
Name of Restricted Fund
Description, Nature & Purpose
Arts Council England – The Posh Club Towards the cost of The Posh Club events in Cardiff
Arts Council Of Wales – Create – Towards the cost of organisational development Organisational Development for the Cardiff operation
Cardiff Third Sector Council – Nourish
– Cardiff University Media Cymru Seed Grant – DTI
Towards the cost of Nourish programme in Cardiff Towards the cost of Demand The Impossible
Garfield Weston Foundation – Public Towards the cost of Public Interest (engagement Interest of young people) Goethe Institute – Act Your Age Towards the cost of Act Your Age in Cardiff
John Ellerman Foundation – Demand The Impossible
Towards the cost of Demand The Impossible
Manjit Wolstenholme Trust – Public Towards the cost of Public Interest in Bradford Interest (engagement of young people)
Network For Social Change
Towards the cost of Bradford’s youth programme, including staff salaries
The Leap – 29% Festival
Towards the cost of the 29% youth festival in Bradford
– The Leap / Necessity UK / SHED Towards the cost of Speakers Corner programme Speakers Corner in Bradford Wales Arts International – Gob Squad Towards the cost of Gob Squad Exchange exchange/residency in Berlin, including staff time, travel, accommodation and subsistence
29
COMMON WEALTH THEATRE (A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
15. Related Party Transactions
There were no related party transactions during the current or previous financial periods.
16. Taxation
The company is a registered charity and no provision is considered necessary for taxation.
17. Financial Commitments
No material financial commitments have been made in respect of future financial periods.
18. Company Limited by Guarantee
The charity is incorporated under the Companies Act 1985 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding £1 as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.
There are currently 9 members of the company (2024 - 9 members).
30