SPA PAVILION THEATRE FOUNDATION ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022 **SPA PAVILION THEATRE FOUNDATION** ANNUAL REPORT AND ACCOUNTS Charity Information Trustee Report **SPA PAVILION THEATRE FOUNDATION** CHARITY INFORMATION ## Chair of Trustees Charity Number ## **SPA PAVILION THEATRE FOUNDATION** TRUSTEES’ REPORT Please see Appendix ## **SPA PAVILION THEATRE FOUNDATION** Independent Examiners’ Report to the Trustees of Spa Pavilion Theatre Foundation for the Year Ended 31 December 2022 ## Remit We are retained to carry out an Independent Examination of the Books and Records of the Foundation and to produce these accounts from those records. We are qualified by experience and formal accountancy qualification to carry out this work. We have been guided in this by Charity Commission Guidance Note for Examiners CC32 and the relevant legislation including the Charities (Accounts & Reports) Regulations 2008 and the Charities Act 2011 (Accounts & Audit) Order 2015. ## Background and Scope The Spa Pavilion Foundation is responsible for accurate record and book-keeping, we have not carried out an Audit and these accounts are solely based upon the records as maintained by the Foundation.. ## Opinion Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I a member of the Institute of Chartered Accountants of England & Wales, which is one of thelisted bodies. I have completed my examination. In my opinion, these accounts represent a true and fair record of the Charity trading and financial position for the year. We saw nothing of concern in any of the records and have nothing to report to the Charity Commission under our duty to disclose. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. 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 4. the accounts have not been prepared in accordance with the methods and 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 (FRS 102)]. 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. Signed: Name: Jeremy Swann FCA Address: Square Mile Strategy Suite 23, 5th Floor 63-66 Hatton Garden London EC1N 8LE Date: 21 September 2023 SPA PAVILION THEATRE FOUNDATION INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022 2022 Turnover Cost of sales 763,802 1394,5031 Gross profit 369,299 Administralivtr expenses 1369,2991 Operating profit Profit on ordinary activities before taxation Tax on profil on ordinary activities Profit for the financial year SPA PAVILION THEATRE FOUNDATION STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2022 2022 Notes Current assets Debtors Cash al bank and in hand 5,$49 30,639 36,188 Creditors= amounts falling due within one year 136,1881 Net current assets Net assets Trust Funds **SPA PAVILION THEATRE FOUNDATION** Spa Pavilion Foundation is a Charitable Incorporated Organisation, registered with the Charity Commissioner, registration no. 7,653 28,535 APPENDIX - TRUSTEES’ ANNUAL REPORT ## **SPA PAVILION THEATRE FOUNDATION** ## **Trustees’ Annual Report for the period** **From 1 January 2022 To 31 December 2022** **Charity name: Spa Pavilion Theatre Foundation** **Charity registration number: 1192609** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|To ensure the advancement of performing
arts for all members of the public in
Felixstowe and further afield, and
especially those who may not otherwise be
able to access the arts. To do this through
the preservation, promotion and production
of live theatrical and musical entertainment
at the Spa Pavilion Theatre and in the
community or other venues.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The preservation of the Spa Pavilion
Theatre building, the production and
promotion of theatrical and musical
entertainment| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The Trustees have followed all guidance.| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|The charity has been granted a tenancy of
the theatre building and operates to provide
financially sustainable entertainment and
theatre for the benefit of the local and wider
community, including residents and those
wishing to perform or otherwise engage in
the arts.
2022 was the first year of taking over the
operation and a careful launch was
enacted to ensure a breakeven position,
which was achieved. This is to enable a
solid platform to be built, and for reserves
to be created in future, to safeguard the
future of the building and the provision of
theatre in Felixstowe for the long term.| ## **Financial Review** |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity is in the fortunate position of
taking over from a very favourable landlord
and it was ensured that in year one a break
even position was inherited. This required
the landlord to absorb some previous
losses as the recovery of theatre and
performing arts from the covid related
audience downturn has been slow and
difficult. 202 4 is targeted to provide a
surplus and begin the creation of reserves.| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Unrestricted Reserves are targeted at 10%
of turnover. The creation of a restricted
fund, for financial resilience, of 5% of
turnover, is also targeted.| |Amount of reserves held|Para 1.22|£0| |Reasons for holding zero
reserves|Para 1.22|2022 was the first year of operation, it was
a year of taking over the building, and
growing into the space, with the support of
the landlord to ensure losses were not
made at a time when theatre remains
challenging. Surpluses, and the creation of
reserves which will in turn enable some
reinvestment in the arts on offer, are
targeted for 202 4 and beyond**.**| |Details of fund materially in
deficit|Para 1.24|None| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|The only uncertainty is around any return of
covid and associated lock downs or
restrictions which may further undermine
the provision of performing arts| ## **Structure, Governance and Management** |Description of charity’s
trusts:||CIO| |---|---|---| |Type of governing document
(trust deed, royal charter )|Para 1.25|Constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Every trustee must be appointed for a term of
three years by a resolution passed at a properly
convened meeting of the charity trustees.
In selecting individuals for appointment as
charity trustees, the charity trustees must have
regard to the skills, knowledge and experience
needed for the effective administration of the
CIO and will conduct and open and inclusive
searchprocess .| ## **Reference and Administrative details** |Charity name|Spa Pavilion Theatre Foundation| |---|---| |Other name the charity uses|| |Registered charity number|1192609| |Charity’s principal address|Spa Pavilion Theatre
Undercliff Road West
Felixstowe
Suffolk
IP11 2DX| ||| **Names of the charity trustees who manage the charity** |1
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20|**Trustee name **|**Office (if any) **|**Dates acted if not**
**for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**| |---|---|---|---|---| ||GaryWright|Chair||| ||Sophie Kennelly|Box Office Manager||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| Corporate trustees – names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** Description of the assets None held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Exemptions from disclosure** Reason for non -disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s) **
**Full name(s) **
**Position (eg Secretary,**
**Chair, etc) **
**Date**||| |---|---|---| ||Gary Wright|| ||Chair|| ||19.09.2023|| ||19.09.2023||