A Charitable Incorporated Organisation ## **Report and Financial Statements Year ending 31[st] March 2024 Charity Number: 1188662** Palace Theatre Oxford Street Manchester M1 6FT Sensitivity: Internal Use ## **Trustees** |**Name**|**Date of appointment**| |---|---| |Pippa Campbell|19 July 2021 (second term commenced 01 August 2024)| |Hollie Coxon|01 August 2021 (second term commenced 01 August 2024)| |Anthony Hallwood|17 March 2020 (resigned 01 May 2023)| |Chris Keady|01 August 2021 (resigned 14 August 2023)| |Thomas Aaron Kirk|01 August 2021 (second term commenced 01 August 2024)| |Elizabeth McCarthy-Nield|30 January 2024| |Chloe McMackin|30 January 2024| |Claire Louise Rick|01 August 2021 (second term commenced 01 August 2024)| |Peter Robertson|01 August 2021 (second term commenced 01 August 2024)| |Laura Whitehurst|30 January 2024| |Julian Woolford|01 August 2021 (second term commenced 01 August 2024)| |Kui Man Gerry Yeung OBE DL 01 August 2021 (second term commenced 01 August 2024)|| ## **Purpose of the CIO** The PT&OH Trust (the Trust) is an independent trust working to advance education, arts and culture by supporting educational and participatory activities inspired by the programmes, history and heritage of the Palace Theatre & Opera House Manchester. Our vision is to bring the Palace Theatre & Opera House back into the heart of the city and the lives of its people. To re-ignite Manchester’s long love affair with two of its oldest and most famous theatrical buildings. We will open up these theatres and what goes on in them. We will transform them into the places where a new generation of Mancunians can play, learn, explore and discover what theatre and performance means for them. ATG Entertainment is the owner and operator of the Palace Theatre & Opera House. ATG Entertainment supports the work of the PT&OH Trust through providing access to its facilities, producing a Creative Learning programme which delivers on the Objectives of the Trust as outlined in its constitutional documents, and liaising with the Trust through attendance at regular meetings. ## **Objectives:** - Open up the two historic theatres to local people through increasing daytime access and creating dynamic educational heritage projects. - Deliver a programme of educational and participatory activities for people of all ages, inspired by the theatres’ touring productions musicals, drama and dance. Sensitivity: Internal Use - Increase the opportunities for schools, students and young people, to learn more about the business of theatre, the creative and technical production processes and industry careers. - In accordance with our equal opportunity best practice, to optimise the experience for anyone with health, disability or additional learning requirements or for those who may need financial assistance and/or socially accompanied visits ## **Achievements** This period has seen the first significant fundraising successes for the Trust following its remobilisation after the pandemic. Most significantly, two grants were secured during the course of the year from Manchester City Council to support specific projects. As a consequence of this success and some other fundraising, the Trust has been able to begin support for some participation and outreach activities at the theatres in line with its mission. Most notably, the Trust have funded a new group: Relaxed Young Company, at the Palace Theatre for young people aged 13 - 18 on the autism spectrum. Introductory taster sessions engaged 15 young people in musical theatre activities during school holidays, before going onto host "core" sessions for 8 young people who became regular members. This group provided key support to a group of young people, in particular with developing skills in drama, confidence, teambuilding and friendships. The Trust has also been able to support some subsidised places for young people from underprivileged backgrounds to join ‘Masterclass’ sessions held at the theatres during school holidays. These Masterclass sessions help young people to develop their skills through musical theatre focussed activities. During this period, the development of the Trust’s activities has been mirrored by, and has helped to foster, the ongoing development of the wider Creative Learning programme at the theatres. A particular highlight of the wider programme this year was ‘Eduham’ Hamilton Schools’ Performance at the Palace Theatre on Tuesday 6 February 2024. This performance was not open to the general public, and aimed to welcome young people aged 14+ to see Hamilton who otherwise would not have the opportunity. Following the performance, there was a 20 minute Q&A session led by a member of the company, as well as a technical demonstration which revealed the inner workings of the show which gave students an invaluable insight into theatre careers and support Gatsby Benchmarks 4 and 5. In total, the event accommodated c.1250 young people from across Greater Manchester and Lancashire. Some key statistics from the theatres’ Creative Learning Programme for the year are also included below: Sensitivity: Internal Use |Overall Number of Partcipants|5036| |---|---| |Total Number of Sessions|143| |Total Number of Targeted Audience Development Tickets Distributed|1585| |Total Number of Creatve Learning produced Shows|7| |Total Number of Audiences for Creatve Learning Produced Shows|1320| |Total Number of Schools engaged|69| |Total Number of Tours/Talks|42| The Trust also undertook a targeted round of Trustee recruitment during the course of the year, which was focussed on needs identified during a Skills Audit. This led to the appointment of three new Trustees in January 2024. Finally, the Trustees collaborated in the creation of an Annual Plan for the 24-25 year. ## **Note on Finances** The Trust has made important progress in its financial activities this year. It has begun active fundraising, and seen particular success in being awarded two grants from Manchester City Council. In turn, the Trust has been able to commence making its own grants in order meet its own objectives, by supporting participation and engagement work at the theatres during the course of the year. ## **Future plans** Since the end of the period in question, the Trust has been working to deliver its Annual Plan, with activity particularly focussed on fundraising, communications, and youth engagement. The Trust is also working with the theatres’ Creative Learning team to plan activities which will be funded by the second grant which it received from Manchester City Council during the course of the year, to deliver a retrospective legacy programme to commence next academic year. With the resignation of Trust Chair, Claire Rick, in July 2024, Thomas Kirk has recently taken over as Chair of the Trust. The Trustees are planning a Vision Day on 28 January 2025, to continue to develop and refine their work. Sensitivity: Internal Use ||**Palace Theatre & Opera House Trust**
|**Palace Theatre & Opera House Trust**
|**Palace Theatre & Opera House Trust**
|**1188662**|**CC16a**| |---|---|---|---|---|---| ||**For the period**
**from**|1-Apr-23|**To**|31-Mar-24|| ||||||| |**Section A Receipts and payments**|||||| |**A1 Receipts**
Donations
**-**
Grant - Relaxed YoungCompany
**-**
Grant - Greatest CityProject
**-**
Bank interest
**27**
**-**
**-**
**-**
**-**
**27**
None
**-**
**-**
**_Sub total_ -**
**_Total receipts_ 27**
**A3 Payments**
Bank fees
**15**
Trustee expenses
**179**
Trustee training
**150**
Grantpaid - Relaxed YoungCompany
**-**
Grantspaid other
**-**
Marketing& Comms
**460**
**-**
**-**
**-**
**_Sub total_ 804**
None
**-**
**-**
**_Sub total_ -**
**_Total payments_ 804**
**_Net of receipts/(payments)_ - 777**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**9,510**
**_Cash funds this year end_ 8,733**
**Unrestricted**
**funds**
**to the nearest £**
**_Sub total_**_(Gross income for AR)_
**A2 Asset and investment sales,**
**(see table).**
**A4 Asset and investment**
**purchases, (see table)**||**to the nearest £**
**900**
**5,000**
**7,000**
**-**
**-**
**-**
**-**
**-**
**12,900**
**-**
**-**
**-**
**12,900**
**-**
**-**
**-**
**5,000**
**1,340**
**-**
**-**
**-**
**-**
**6,340**
**-**
**-**
**-**
**6,340**
**6,560**
**-**
**440**
**7,000**
**Restricted**
**funds**|**to the nearest £**
**Endowment**
**funds**|**Total funds**
**to the nearest £**
**900**
**5,000**
**7,000**
**27**
**-**
**-**
**-**
**-**
**12,927**
**-**
**-**
**-**
**12,927**
**15**
**179**
**150**
**5,000**
**1,340**
**460**
**-**
**-**
**-**
**7,144**
**-**
**-**
**-**
**7,144**
**5,783**
**-**
**9,950**
**15,733**|**Last year**
**to the nearest £**| ||||**-**|**900**|**-**| ||||**-**|**5,000**|**-**| ||||**-**|**7,000**|**-**| ||||**-**|**27**|**14**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**12,927**|**14**| ||||||| ||||**-**|**-**|| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||||| ||||**-**|**12,927**|**14**| ||||||| ||||**-**|**15**|**59**| ||||**-**|**179**|**-**| ||||**-**|**150**|**-**| ||||**-**|**5,000**|**-**| ||||**-**|**1,340**|**-**| ||||**-**|**460**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**-**|**-**| ||||**-**|**7,144**|**59**| ||||||| ||||**-**|**-**|| ||||**-**|**-**|| ||||**-**|**-**|**-**| ||||||| ||||**-**|**7,144**|**59**| ||||||| |||**6,560**|**-**|**5,783**|**- 45**| |||**-**|**-**|**-**|**-**| |||**440**|**-**|**9,950**|**9,995**| |||**7,000**|**-**|**15,733**|**9,950**| ## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
**B1 Cash funds**
**B2 Other monetary assets**
**B3 Investment assets**
**B5 Liabilities**
**B4 Assets retained for the**
**charity’s own use**|**Details**
Held at bank
**Details**
None
**Details**
None
**Details**
None
**Details**
None
**_Total cash funds_**
(agree balances with receipts and payments
account(s))|**to nearest £**
**8,733**
**-**
**-**
**8,733**
OK
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Unrestricted**
**funds**
**Unrestricted**
**funds**
**Fund to which**
**asset belongs**
**Fund to which**
**asset belongs**
**Fund to which**
**liability relates**|**to nearest £**
**7,000**
**-**
**-**
**7,000**
OK
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Restricted**
**funds**
**Restricted**
**funds**
**Amount due**
**(optional)**|**to nearest £**
**Endowment**
**funds**| |---|---|---|---|---| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||OK| |||||**to nearest £**
**Endowment**
**funds**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**Current value**
**(optional)**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**Current value**
**(optional)**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**-**| |||||**When due**
**(optional)**| ||None||**-**|| ||||**-**|| ||||**-**|| ||||**-**|| ||||**-**|| Signed by one or two trustees on behalf of all the trustees Signature Date of Print Name approval