MAYFLOWER ACADEMY LTD (A eornpany limited by guarants•) THE REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 30 March 2026 Company Registered number." 12809454 Charity Registered nurnber: 1194797 111 •AEfw12$1• 1e410r2025 COMPANIES HOUSE A11 #103 MAYFLOWER ACADEMY LTD {A company limited by guarantee) THE REPORT OF THE DIRECTORS AND FINANCIAL STATEMENTS for the period ended 30 March 2025 CONTENTS Pages Rep)rt of the Directors 2-20 Auditorfs Report 21-22 St*menl of Financial Activth"es 23 Balance Sheet 24 Statement of Cash Flow 25 Notes lo the Financial Stslements MAYFLOWER ACADEMY LTD (A company limited by guarantge) REPORT OF THE DIRECTORS For the period ended 30 March 2025 The Directors p￿Seftttheir report arKI conscAKlate(F financk4 statements forthe pentsj frcth 1 April 2024 to 30 March 2025 Referenee and Administratiye Delai15 Company Registered number: 12809454 Charity Regbslered number. 1194797 Oireclors l Trustees: M R Wright Ichairl R D Harrison P Hewitt {resigned 12 November 2024) J Low Ideeeased November 20241 H R MeBoyle L Mrtchell M D Ockwell {ex-offici)I S W Panlling Iresgned 23 January 20251 S Sesodia P Swindale (resigned 29 April 20241 Members: -.The Mayfloww Theatre Trust M R Wrighl R D Harrison P Hewitt Ire*gned 12 November 2￿4) J M Low (deceased November 20241 H R McBoyle L Mrtehell S W Panlling Iresoned 23 January 20251 S Sesodia P Swindale {resigned 29 April 2024) Company Secretary: H E Downey Chief EX￿UtiV8. M D Ockwdl Auditors- Haysmac LLP 10 Queen st￿et Place London EC4R 1AG YFLOWER ACADEMY LTD (A Company limited by guarantee) REPORT OF THE DIRECTORS (continu￿) For the period ended 30 March 2025 Reference and Administrative Details (conlinuedj Bankers: Sanlander UK PIC Bridle Road Boolle Merseyside L30 4GB Solicitors.. Paris Smilh LLP 1 London Road Soulhamplon Hampshire S015 2AE Registered off￿•.. Mayflower The*re Empire Lane Southampton Hampshire S015 1AP Sfte Addrnss MAST Maynower Slud 142-144 Above Bar S¢yJthamplon Hampshire S014 7DU Board of Oirectors The 6oard of Directors throughout the peri￿￿ arKS up lo ts date of Ihvs report was made up as follows.'- M R Wrghl {Chair) R D Harrison P Hewitt (Tesigned 12 November 2024) J M L(M (deceased November 2024) H R McBoyle L Mitchell M D Ockwell {ex-officiol S W Pantling Ire5igned 23 January 20251 S Sesodia P Swindale (resigned 29 A￿.12024} The Board's members serve as Dwectofs for the purposes of company l*w, and Tiuslees for the purposes of chanty law. They are referred lo as Oireclors throughoul this retort. MAYFLOWER ACADEMY LTD IA company limited by guarantee REPORT OF THE DIRECTORS I￿ntInl$edl For the period ended 30 March 2025 Structu￿. Governance and Managemenl Governin nt The company is 1nc0rpc￿ed in England and Wales as a priv*e ccvnpany limrted by guarantee and registered as a charity with the Chanty Commission under number 1194797, governed by its Articks of Association The financKal stalements are prepared in accordance with cu￿nI slalutory requirements. the goveming document of the company and the Charr(ies SORP. The primary obJ"eth'ves of the Trust as ¢Jefined by the Ath'cles of AsscKialiDn a￿ the encouragement of the arts. the pronN)tKJn and advancement of &luc*v)n and the cullivalion and impTovement of public education in drama, mime. opefa. singing. music, darKe. painting & sculptu￿, cinema, literature and other arts. nt f Dir Directors are approved by the Board. The Board rewew5 the h.sl of members from lime to lime lo ensure that all skills are covered rf a vacancy arise$. The follo4ving Criter￿ for all future Board members have been appfoved by the Board of Oirectors.. cle8r busiress sense and Strategic busin￿ planning." keen interest in perfom)ing arts. communty theatre edl￿*￿n aThJ outreach.. twne available for Board actNibes: locallreghjnal residence.. communrty fc%used with kn¢y•¥kdge of businesses and ￿￿al leaJers'. repfesentation in one of the folk)wing skill sets.. pfoducing. education, communty devekjpmenl, retail, finance. legal, environmental SLF$tainabilty'. and commrtment lo diversity and inclusK)n. Director Induction and Trainin New Directors undergo an"orientatioA'session"with the Company Secretary to brief them on their legal obligations- under Charity and Company Law. the contents of the Articles of Asscckation, the committee and decision-making processes. the three year rdlin9 business plan and recent ffinancial perfomiance of Mayflower Academy Ltd I￿ALl. They are also issued wrth an inductK)n pack. Regular training and updates on govemance is undertaken throughout DirectOTS' term of office. Related Parties The ma￿lOWer Theatre Trust IMThI is eurrentty a Member of MAL aklng with 5 indtviduals. shares some resources wrth MAL which are managed by a serV￿e Level Agreement and includes the sharing of key roles. The MTT Chief Executive and Chief Finance Officer wll ￿rry out their respective functions for MAL and there is further shared resource with MTT, whKh includes all members of the wider Executive Management team {C￿8t1Ve Director, Chief Operating offi￿r, Head of Sales & Markeb"ng, Head of Parttip*ion. Head of Customer Operations, Head of People & Culture and Head of Programming), arKI Company s￿retary, as well as 5UPPOrt from the Programming. Finance. Perwle & Culture. IT, and Sales teams whth are all managed the same Service Level Agreement. Furthermore. there is an agreed Benefits in Kind statement refiecting shared resources to the benefit of each organisation. The Mayflower imp* strategy is delivered I￿ntlY by MTT and MAL. In some points in this report we use the term 'lheatre' wh￿h refers to and 'studios' which refers to MAL. anisali MAL is organised so that the Directors meet regularty to direct the management of 11$ affairs. The Chief Executive is appointed by the Directors of to manage the day lo day wralions of ￿L. To facililale effective operations, the ChEf Executive has the delegated authority. within tems of delegalK)n approved by the Directors. for operational matters including Finance & Administrat￿n, Sale5 & Markets"ng. Techn￿1. Faciliiies. Partiipalwjn, P￿pIe & Culture. Producing and Programming actNIty. Remuneration 01￿ for ke mana ment The remuneration of the Cl)ief Executs've is agreed by the P4ffT Board. taking account of the financial performance of both MT[ and MAL, achievement of key perfomiance Ind￿10r$ Ic#3elher with benchmarking against salaries of comparable positions in the industry. The rernunerat￿n is COM￿￿￿sU[ale with similar charil*s. A proportion of the costs associated with this role are rechwged lo via the Service Level Agreement. MAYFLOWER ACADEMY LTD {A company limited by guarantee) REPORT OF THE DIRECTORS (conlrnuedl For the period ended 30 March 2025 Introduction from the Chalr We are p￿aSed lo be reporting a surplus of £117.489 for Mayfi￿er Studios. ex¢eedirv4 original expectations, and continuing to reflect encouraging gr(y￿h trends since we fifst opened our dLKJrs. We saw further gr0￿h in our audience numbers welcoming 63,344 customers, surpassing previous years. Our ticket income was £900,000 of which we retained 31.S%. We are proud of the traJ"ectory of the resutts. ref*ting posrtIve￿ on our strategies lo develop the operation of our oiganisats"on. Programming of the venue remains challenging as is the nature of mid-scaie tt)ealre. Family shows were again a strong genre for our audiences with our lop 5 MO￿ huhty attended shows in year being a famity production, with shows such as The Very Hungry cate￿illar Chnstmas Show.. Room on the Br￿M., The Gwffalo's Child,. Zog and the Ftylng Doctors,. as well as our ¢)wn Christmas Youth Production of The Wind in the Wdlows. In conversation style shows We￿ popular and included An Evening with Sir Geoff Hu￿tr, Aggers.. Paul ￿e￿on,. and Carf Fro¢h as well as The Makings of a MUrde￿r- The Real Manhunter. We also presented a variety of pkiys with productKJns includin9 spiffi￿ Girts,. Dracula.. A Mk*surnmerNighl's Dream.. and Coming lo England. Danee perforrnances included Acosta Danza Yun￿, K8lhakalff'. and Mariposa. NwJhts wrth music andlor bands were popular with 19 drferenl sh¢)ws Including Queenz.. Dfftg Me to Ihe Disw." Pop P￿r￿eSses.. Country Roads and The Mersey Beatles. C(Imedians, added to the variety of the programme including Chris Mcclausand," Omid Djali,. lain Sbrfing.. Fem Brady.. Maisie Adams,. and Sarah Keybvorth as well as Con￿dY shows such as ...Earrest?. An Evening olBurtesque,' and Dad's Anny R8dio Show. As part of our communty prc¥Jramming we wefe pleased to present Operaupclose produdion of R￿ets to the Sea," Soulhampt¢Ys Fringe," and UK Shaolin's Chinese New Year2025.' as well as numerous newty created wot*s supporting the development of I￿al artists. 11 was the second year of our National Portfol￿ fvnding agree￿nt with Arts Council EngLAnd with £950.000 received in the year for which we.are very grateful. We equally appwi*e the support we are fewving from Soulhamplon Cty Council, with £261,000 received in the year. We have secured a fvrther, final. Commit￿nI from the council lo Marth 2026 at a level of £234,900. We also acknowledge Ihe support we receNed from Mayfiower Theatre Twsl for services provided via a Service Level Agreement which equated lo £316.798 in year abngside additional support to the value of £530.820 provided a5 Benefit in Kind. Mayflowef Studios provKled Maynower Thealre wlh use of th￿r spaces as part of the Benefit in KirKI agreement lo delrver styne of their Part￿1Pation activity {including community, eL¥ucalion and outreach) under this afiangen*nt. to the value of £126.624. Our partnerships with other cuttural organtsalions in the wi￿. creating a cumural hub for the cty. continued wilh seven cornpanLes basing their (peralions with us and collaborating on numerous programming, producing and participation projects. We are very grateful to Artswork. ZoeLogic Dance Theatre. Artlulscribe. Southampton & low Music Hub. Operaupclose, Our Vers￿￿ Media and Sound Academy for their continued engagement and commitment lo the vision of Mayfiower Stud￿. Mayflower takes its social, environmental and tton0M￿ impact senOUs￿ and these three areas are at the heart of what we do. MayfhJwer Studios, alongside Mayftower Theatre, offer a programme of partiCipat￿n events which aim to ignite passion and creativity in people, sparkirKJ in them a ktve of theat￿ and the perfoming arts. In the year we delivere£l over 45.000 engagemenls through our part￿ipatIon work in both venues wh￿h included 7.4* audience members who attended the partic¥)ants work. As part of our Creative &hwls strategy, we Continl￿ to fctus ¢)n disadvantaged communrties in the city with over 70% of the school$ we worked with having more than 15% of their stLKlents re￿VIng free $chwl mea15. We worked wrth 51 primary schools. 69 secondary schools, 10 alkthrough-schwls, 19 further edUCat￿n colleges and 2 universities. We delivered 35 workshops, 8 talks and 15 backstage tours. 613 students sfvjned up for Maynower Student Nights and we delivered our third Illuminate Drama Texhers C￿lerer￿e. There ￿ more delail further cffi in Ihe Report of the Directors. Progress continues lo be m￿e on our Environmental and Sustainability strategic aims wrth improved data vi$ibilty at both the studios and theatre. Data continues lo infom our deci5ion-making and the development of greater understanding and insights. consumpt￿ d*a for the stL*Jios highluhted improvements to the lighting controls xross MAYFLOWER ACADEMY LTD IA company limited by guarantee) REPORT OF THE DIRECTORS Iconlinued} For the period ended 30 March 2025 the building with new lighting levels prOgramn￿ based on people movement and ambvant lighting levels. Air handling units have also received energy saving rr￿aSure$ lo improve Ser¥￿e life lo switch to energy saving mode when not required. These works have helFed lo achieve an 8% reduction in energy usage &ross the venue. A revtew of re¢y¢ling in the year has seen u5 ach￿ more than 60% recycling 5ucce5s across l)olh venue5, with the studios recycling 7.2 tonnes of waste saving a total of 4.09 tonnes of C02. We have introduced reusable cups across our bars remowng approximalety 127.0(Kl single use plastic cups from our waste streams across both $rtes. Acr055 Mayfiower. our peop￿ continue to be a key f￿U$. and we were again pleased to be able to award pay increases in April 2024 and continued our c¢)mmrtment lo pay the Real LNing Wage. Mayftower promote$ a posrtive employee experience wthin an environment Whe￿ employees feel engaged and inspiod. We were delighted when our recent Staff Engagement Survey received a posth.ve ￿$￿)nse of 91% to Ihe question "l am proud to WO￿ for M3yffowert. We have invested over £52,000 across both venues in Iraining and development of our 51aff within the financial year, wrth a signrficant focus on.. security, hea￿h & safety, management devek)pmeni & eoachin9, and professional development. In April 2025, the UK govemment enacted the new Matyn's La4¥ *gis18tion. &med at enhancing safety and secur measures al krge venues in reswnse to the tragic events at Mancheslw Arena in 2017. We take our responsibilities for safety and security seriousty and are deepty commitled to ensurin9 the safety of our guests and staff and had proactwely impkmented several enhanced security measures ahead of the law's fO￿nal introduction. We continue lo mnitor devebpmenls d05ely and regularty re￿eW our prot￿01$ to uphokl best practice standards. We thank our sponsors Paris Smith LLP. who also generousty Sponsor the theat￿. We wntinue lo welcon Strengthening links with other buynesses in Ihe eommunty we serve. provKling them wrth the opportunrty lo engage with the Mayftower brand in the cty and the wion. Finally. I pay tribiite to my fellthv Direetors and our Company Secretsry. for their conlribulTrons at meetings and support of myself and the venue. This ensures excdlent governance and a posrtNe approach, xross the whole company, to all aspects of the business. We are looking forward to continuiTrJ gf(Vrth and excrting limes ahead. Michael Wright, Chair MAYFLOWER ACADEMY LTD (A company limited by guarantee) REPORT OF THE DIRECTORS Iconlinuedl For the period ended 30 March 2025 Objectlvos and Activities The objectives ol the chari18ble trust are" the encouragement of the arts. the prornt￿n and thance￿￿nI of education and the cumivation and improvement of public educat￿n in drama. mime. Lyra, singing, music, darte. painting & sculpture, cinema, literature and ¢Xher arts: the development of prts1￿ aFpreciation of such art by the provIsK￿ of a theatre and the yesentalion of public pertoman￿S.. and furthering the sccial and cultural welfare of the local communty. lis neighbouthood and visrtors lo the city. The strateg￿S employed to xhieve the charity's objectives are lo.. presenl a broad Tange of artistic work," ensure that the deals wlh promoters t*e fa¥c￿r￿)le to the eharrty will ensu￿ the return of a surplus al the end of the financial year. focus on involving young people in the arts through part￿lpat￿)n and engagement to ensure cumure plays an integral part in persor￿1 devel¢Jpment: introduce aclmty to e￿oUrage sedors cl the ￿munty to experience Ihealre. who Tnay not have engaged befofe. and .support sector devdopment through artist devdcyment, open calls and resident and assochqle company collaborations. The major areas of actNty are.. musts15. famity s￿￿$. opera. dance. drama and comety. Publlc Benefit The Directors have had due regard lo the Charty Commission's gu*Jar￿e on public benefrt. Working wrth Mayfiower Theatre, one of MayH￿￿e￿S 4 f￿￿$ areas in ¢)ur combined Strateg￿ aThJ business plan is Corrffiunty which has the key objectives of. Grow our Partiupalion progranme to drrve attendance, en9agement and learning to devekjp audiences for the future- all activity in Part￿1patIOn to link to the main programme., Offer young people the ¢)pportunty to engage wrth the ats. whilst nurturing and developing skills" Offer engagement opportunrties to all schoofs and ffijrt￿r ed￿tiOn colleges. particulady targeting schools above national average free school meals and college bursaries." Provmde access to Mayftowerfs pr0grarnff￿ and herrtage for all ages. enriching the experience for current theatre goers., Prioriti%e the safety. comfort and secuiity for our audiences parttcipants.. Work with the comnwnty to identfy and enable those who do nLX usually altend or Pa￿1pate lo feel Maynower venues bebTrJ to them, addressiThJ barrier5 and reaching OLrt lo ￿mmUnitIeS. Work cc41aborabvely wrth bcal Cultural ¢yganisatKJns acting as an enabler and facililalor to the wider sector and. through Mayfiower Studios. offer a cullural hub for the region and W￿er sector sup￿1.. Be the Theétrn of Chwe for patrons and vtsiting ¢￿par1e$ by cultivab.ng and ¢aptNaling dwerse, enthusiast￿, arbd loyal stakeholdws. MAYFLOWER ACADEMY LTD (A company limited ty guarantee) REPORT OF THE DIRECTORS (continued) For the period ended 30 March 2025 Soclal. Envlronmen¢al, Governance Social Impact Mayfiower provides an extensrve Pèrb"eipation prc*Jrwnme delwered across bolh Mayftower Theatre and Mayflower Studios. We offer $0 much more than Stages f¢x actors and prc•J￿erS to showcase their tslents and delight audiences. We are a fr￿ ￿ good, here lo ignrte passion and creativity in wple. To give them opportunities they never thought possible and bring them together in a love of theatre and the Ferforming arts. Over the year Maynower Theatre invested £530,820 via Benefrt in Kind and ￿harge{l £316,798 vTra the serv￿ Level Agreemènl to Mayftower Studios. Mayftower Studios prov¢ded £126.624 in Benefil in ￿'nd lo Mayflower Theatre. We delivered 45,090 engagements across our participation wo￿. This included 37.594 part￿1panI engagements and we welcomed a further 7.496 audience members lo enjoy this work. We connected wrth a WKle range of young people, schools, universities, communty groups, adutts and regional artists lo eng•3e them with the live theatre offered al both venues. A sample of what we delivered and the impact rt had is summarised in the folbwin9 table". ctivity realive Schools Engagements 15.877 lrnpact 70% of the schooLs we worked with had above national aVer￿e free school meals 58% of young people who attended the theatre through the transrM)rt bursary scheme were fitsl time theatre goers My Paper Boat was seen by 2,015 Children ￿roS 21 primary schc(Jls 85% of schwls rated the performance of'my PaperBoal as 5 OLrt of 5 and woukl bt>Jk the perfomanee again 93°A of part￿1panIS who look part in our CreatNe Schools programme enjoyed the adNity 1.906 young pecyle attend￿ an all school matinee of SIX 19 schwls benefrtted fr￿ the free transport bursary outh 19.464 11 Stsged iwo youth productions. 8ugsy Malone & Tlp Windin Ihe Willows, with 219 participants 10 schoolsfyouth groups and 157 participants lo part in our National Theatre Connection$ Festival 5 Elevate Ensemble ft￿MberS gained pl&es al top UK drama schools resutting in an 830A success rate Launched ne4V inclusNe Youth Theatre for young peeple with special needs delivering 194 engagement5 22 lor 13%) Chrislfnas YtsJth Production (CYP) participants were recrurted through outrea workshops 93010 of p8rttipanls from Summer YoLrth ProdUCt￿n ISYPI would take part in the project again part￿1panIS scored our drama outreach workshops as 4 out of 5 across I￿reased eonfklence. improved eommunication, and helped to be creative lopment MAYFLOWER ACADEMY LTD {A company limited by guarnnteo} REPORT OF THE OIRECTORS IcMlrnued> For tho period ended 30 March 2025 Place for All 4.262 924 engagen*nls through our singing for welbeing. choir for carers arKJ Caribbean dance project5 50 volunteer SesS￿nS delivered through our hentsge work 501 engagerr￿nIS via our backstage trmjr U¥saTies 1 $4 burs8￿$ issued 6 students received higher education tuition fee grants 779 tickets Iss￿￿ through our Communty First NKJhts scheme 53 bur$ar￿S issued through our Youth Proj&ts 83 bUr$a￿S issued through our Youth Theatre 19 schwls and 1.042 students accessed our free transport bursary lo see 11 shvws utreach 3.916 50% of Commvnty First Nights participants also Iwk part in another outreach projecl ndrush Ce￿bratIon work ￿Sutted sn the establishment of a regular Carbbean dance group 1.827 engagements acros5 3 Famity Fun Days 75% of part￿1pantS in our Christmas exhibition takeover continue to . ¢)n average members of the public sco￿1 our touf 4.7 oul of 5 rtist Development 1.571 Arti%1 Nets￿rk mertiership InC￿aSed by 255 members. now at 430 members A 10% increase in Artisl Nefvrfork memb&ship of those wrth protected characleri%tics C(xmpleted 71 mentoring $ession$ 26 seed eelnmissions issued Creative Schoo As summarised above. 70% of the schwls we worked Wbth had above 15% of their studenls receNing free school meals, targeting disadvantaged Communit￿ in the ¢rty. We worked with 51 wimary schools. 69 secondary schools, 10 all-through-schtx)Is, 19 further educati(￿ colleges and 2 univerS￿es. We delivered 35 workshops, 8 talks and 15 backstage tours. 613 students signed up for Mayflo*ef Student Nights. with 483 sltsdenls accessing discounted theatre t￿ketS via the scherne. We delivered our thrfd Illuminate Drama Teachers Conference with 60 teachets in allendance. We also delivered our second Feder*1￿ of Drama s¢￿1$ InsKJht Day with 15 01 the 18 lop UK drama schools in attendance. 330 further educatK)n student5 attended to lake part in w￿kShopS and gain insighl into the worfd of drama schools. We delivered a free MO sch￿1.5 concert ￿th 1,417 in attendan￿ from 21 primary schools. We toured our own production of My Pa￿r 808110 21 primary schools and lo ￿r Famity Furt Day. which was seen by 2.015 children ross our region. We delivered an alkschc*)I matinee ol SIXwith 1.9L% students in attendance from 37 schools. We delivered Production Insights workshops partnering wrth Nthv Adventures, Whe￿ we offered an extensive programme of engagement including a Tech Taster, schools. wofkshops, backstage work expenence and delivering their Take Flight programme with a lolal of 330 engagements. We ￿unChed our sCh￿IS free transport bursary wrth 1.042 students from 19 schools attendtng I I shows ￿rO$S both venues. To see our students slep out of their comfort z(MJes and ty something new is very heart wamiiry, this young lad slwggles on a daily ba&s to I(￿u$ and to watch him leam thi's dance routine is phenomgn*- tsacheron Aladdin w0￿Sh(p (allstudenls a￿ in Ca￿). MAYFLOWER ACADEMY LTD IA company limited by guarantee) REPORT OF THE DIRECTORS Iconlinued} For the perlod ended 30 March 2025 Youth Pro ects We delivered our Summer YoLrth Project prc¥1uCt￿Tr of 8ugsy Malone with 307 young people attending auditions and 162 east in produclion. 118 young people audiéioned for our Christrnas Youth Production. The Wind in the Wrflows, with 57 young people being cast in the pr(yJuct￿n. We delive￿ 3,768 engagemenls through our Youth Thealre provision. Our drama group look part in the Nat￿nal Theatre Connections Youth Theatre Festival and staged Periodicals and our Musical Youth Theatre group stsged Fame Jr. We fxilrtated the National Thealre Connections Festival as a host theatre wrth 157 participants from 10 schoJls and youth groups. We continued our Production Arts group, offering young people workshops in I￿hling, sound. slage management, desvJn and practical opportunities to apply this to youlh productions, delNering 346 engagements. We conts.nued our actor training initiative Elevate Ensemble for those underrepresented in the arts. deliverirtg 464 engagements Including regular training se5sion5. industry rna51erclasses. and trips lo see Iwe Iheatre prc*Juct￿n$. Of the 6 young people supported by the programme who audrtioned al UK drama schcols. 5 gained places. wrthout Mayflower I wouldn I have the conf￿nCe ￿ diiie to pU￿ue a career in the Perfom7ing Arts and attend dtsma sclKK4 th￿ year. Mayffower Theat￿ has È*en mypath lo the Ca￿er of my d￿amS- P0th"¢ipant We continued lo work wlh our Iccal Ass¢xiate companies. Crty Eye and Artfulscribe, delivering Young Filmmaker sessions wi(h 50 engagements and Young Writer $eSs￿nS wth 729 engagements. We Lgunched our new inclusive Youlh Theatre for those with learning drfficultes with Blue Apple Theatre delivering 194 engagements. In January 2025, the group performed in a showcase organi5ed by 81ue Aryle Theatre where they presented a joyfvl pl￿e f¢xused on friendship and confKlence. One of the part￿1panIS. who was norFverbal in sessions in September, spoke tsyo lines to a packed audience at the showcase. A testament to the ConStst￿t support given and Confbyen￿ gained through just one term as part of the group. CoMpan￿S like Blue Apple are nol in the business olquick-frxes or iiiirdculous tumarounds. we re about the slow and steady r8m(wing ofbarriers lo and ra￿Ing olaspiralion.. partnering with Mayflowergives Ihe sense Ihal even we are qU￿11Y moving away from the margins. Thal has Téal value and realinpacl- A￿$t￿ DKeclorol8lue Apple A Place for ALL We delivered 501 engagements through ovr b&kslage tour progr￿￿￿ and added prc4u¢tion imagery and facts about Mayfiower to the walls of oui backstsge space to enharfe our lour expenence. We delwered 2,784 engagements through our show events. including a curated Q&A programme and access events. We deltvered 924 engagements through our Southampton City Council funded adult leaming work including singirtg for wellbeing projects, a carers choir and our new Caribbean dance workshops. We delNeraJ 50 herilage volunteer se$sKJns and 38 outreach heritage talks. Really good experience anLI eye opening, just wish it lasted I0￿er- tourattendee I have1om￿l the ￿rerS choKand thatgreat (dthough my &TrJing isn'tj but rf's bein9 together WAth like-minded people, dotng something djfferenl and haviru fun Ihat really matters. So, as ycu can see the MayftowerstudK￿ Imayflower Theatre are very special to us. you could even say a lifeline- memberofcarprs Ch￿r & wrfe ofattendee ofserendpty rs8ries & Subsidi ma￿OWer delivered 154 bursaries and subsidies lo a total of £65.420 (£23.119 studios. £42,301 theatre} which were awarded across our yOLrth projects. h￿her edUc*￿n bursary stheme. and our transport bursary. This enabled supp)rt for 21 DA ol participants in our Youth ThealTe-, 23% in the Summer Youth Project pr¢>Ju¢lion at the theatre.. and 20Yv in our Christmas Youth Pioduction al the sludios. We laurKhed our transport bursary in partnwship with Xelabus offering free transport lo 19 schools who have students above national average free school meals and 2 communty group5 SO they access Mayl¢Jwer. 1.042 students accessed the schwne wrth 58% being first tr.me theatre goers. 10 MAYFLOWER ACADEMY LTD IA cornpany limited by guarant￿} REPORT OF THE DIRECTORS I￿ntInued) For the period ended 30 March 2025 779 communty members access8J disccNJnted tckets thrcwh our Communty First Night scheme. 6 higher education students received payments totaling ￿2.8￿ against their bursary awards to support them wf(h lurtion fees at accredited drama schods. The trip had an amazing impact on a chtild with a(klitional needs who had never been to the theats? before. Shg was so excited and in awe through the whcrfe SIKJW. Despite herhaving speech and larnjuage diffKuIt￿s, she was able lo talk animatedly about herfavoun.te part of the show the next day whAch was a gr8at aGhievement br her- school teacher. Transport Bu￿ry ￿¢1p￿nt A couple ofour Year 9 ￿y$ never l)een lo Ihe fheatre befo￿. Theirparenls signed Ihem up lor the Inp and I don t think th8y really knew whal to exwl. But they came away brimming wrth thas to take back to Iheirown practical wor* and a tonne of cultural capital. This may be the onty time they ever visrt the theat￿ and this wkll be fixed in theirmenw fO￿Ver- school teacher, Transport Bursary yienl This year we delivered 3 bespoke. co-conslrLKted projects ¥￿h our Iccal wmmunity, and embedded a further 3 visual arts projects wrthin these, totslling 658 engagements. We worked closety wrth groups who face barriers lo cultural access, and who are often Under￿preSented in our audiences. This inclLMled working with our refLtgee communities lo offer our weekly Creative Language Cale with partners ArtfulS¢ribe. delNering a number of Dementia Arts workshops in care homes &ross the New Forest, and wtyking c105ely wrth members of our t￿1 ￿ndrush generation lo support them in developing an event for Windrush Cekbralion Day. Our relalTronship with the kxal Windrush generation has -seerLU5.partner with Our VersK)n Media, liew Testament Church of Goj, Priory Road Lunch Club and Black Herrtag8..- _. Southampton lo share in a weekend of celebTatsons, IncO￿Orating dance, art and music. The success of this project has nlinued, as we now run weekty Caribbean dance classes al the studios, where participants are working towards creating a dance that will be shared at the next Windrush CelebralK)n event. We hosted our fourth Community Exhibrtion Takeover Project al Christmas where we partner￿ local artists wlh groups from demenlk? care homes in the New Forest, No Limits, Time4U and Safe House groups. and 3 I(￿al pnmary schools wilh a high percentage of young people in rec&pl of free school rreals. delrvering 761 engagements. you￿8 changed my lrfe in England. gr(wp hplps me to rellect ￿ my emotions- refugee. Creafive Language Cafe Everyone f6els welcome and i￿luded. I do feel anxious in th￿ group. If il wasny forthis group. I wouldnl gel oul It￿ I￿￿se as much- Serendipltypart￿Pant Our Community First A1￿hÉS progtamme achEved great success this year, with 779 tickets given to members of local community groups who would otherwise be unable lo access live performance. This year we worked ckJsely with refugee and asylum seeker supwrt charrtie$ such as Southampton and Winchester Visrtors Group ISWJGI and The Clear Project. as well as Southampton's Social Services team, Southwnpton HAF ambassadors. Allegra Care Homes and No Limrts, Time4U and Sale House groups. Membws of these groups enjoyed a wide variety of perfomiances and activrties a¢ross both our venues including our Famity Fun Days. The Wind in the Willows, Nutcracker. Aladdin, Coming to England and Bimiingham Royal Ballet's Cinderella. It is hard to describe the andN)y we see when we bring our ￿fugee friends lo the ts￿atre. We see 8 ￿81 drfle￿nce in people when they can engage with ac1wil￿$ which aTr a POSAtive distract￿n for them duriTr3 a flighten￿g and challenging lime in theirlwes but also allow them lo leam about the UK. The Mayftowerfs generous. (pen hearted and creative support are an importanl swn of 8￿p1a￿￿- Southomplon and ￿nchester VisrfoTr Group fSWVGJ We partnered with New Adventures lo delwer their Take Flighl projecl. which enabled us to connect with young people who had never danced before. or who are underrepresented in dance, offering bespoke workshops in their community settings. and an invital*)n to join the Takè Flyht days at the studic6. In total we delNereA 104 erowJements for this MAYFLOWER ACADEMY LTD (A company limited by guarante•} REPORT OF THE DIRECTORS (continued) For the poriod ended 30 March 2025 project, and worked with groups such as Youth OplK)ns, Zo*L(>3K Dance Theatre, SCC Young CaTefs, No Limts Time4U and Safe House groups and the PEER Youth Prc4eLL We delivered 3 Fami￿ Fun Days aThJ 2 Open Days at the studK)s across the year. linked to performances of The Lion Ins￿& and Rude Sc￿nCe. In total we had over 1.827 visTrtors across all our Family Fun Days. and offered aclivty from resident partner companies. communty partners. bcal arts organisalions. and a￿$1$ from our artist development programme. rtisl Deve ment- Pro Across the year we supported 44 Itxal artists and theatre companies through artist meetin9S. to provkle menlorshp support. including hosting an artist nthork session on the Isle of Wght. as part of the Ccmes Fringe Festwal. We hosted 2 Scratch Nights. suppoth.ng 16 arti51s to devdop their work. These events were attended by 109 people. who gave valuable feedback to those perforTning. a￿Ing them in the development of their work. We also saw the culmination of our Prcpel Assocrale programme, wrth 7 of our associates part￿￿PatIng in ¢JJr Propel Associates celebration evening. performing to a sell-out audience in Studio 2. Art15ts shared segments of their pieces in developmenl and spoke about hty¥ the svpport of the Propel ASS￿late prDJramme had irnpacled them. We also opened applications for our nex1 Cohort. where we are keen lo connect with arttsts who identify as disabled, from the global rna1￿1ty. or are Creating famity work. l ￿allY appreciate all the fyme spent expknng next d￿￿11￿ forlhe company and defining my artistK vision- Propel Ass(tfftle Our Propel Assock11es also benefrt from Mayfiowerfs skilled technul team supporting them with their new or developing prcJT employees in all aspects of their Iwes. a￿lOwer is corrnirtted lo ensuring an inc￿$￿* re￿ant workpthe where all emptyees are valued and respected. We have engaged wilh Ramps on the Moon to prowde support to embed anti-ableism, training staff on the social model of disability. We have ieinvigorated our employee Tecognition scheme. Applause Awaftls, with colleagues being recognised throughout the year for outstanding achievement, culminating in an end of year ¢e￿bratIon. We have invested £52.486 in training and development of our staff within the financial year, with a signrficant focus on_. securty, heatth & safety126°A of budget spend), rnanagement development & coaching1260￿) and professional development {160AI. Training Spend by Category 2024125 Digital Systems Food & Bevernge 3% 1% Divetslty... Tech & Facilities Specialist 1( Security Health & Safety iHasco leLearning that cannot bè separated) 14% Professional Development & Job Specrfic 16% Management Development& Coaching 26% 13 MAYFLOWER ACADEMY LTD IA cornpany limited by guarantee) REPORT OF THE DIRECTORS Icontinuedl For the period ended 30 March 2025 Envlronmental Impxt The business is committed to making a posrtive impact through outsknding 8nvironff*ntal sustainabilty perf￿n￿. our str*egy focuses on six pmrty areas.. Carbon emissions from our venues- r&Juce cathn emissions related lo our energy consumption lo a minimal level Sustainable rnsource use - reduce the environmental imp&ts of our consumption and suppty Chain Travel - limit transport emissions by reducing the need to travel, through allemalive working arrangements, encouraging walking, cycling and the use of publ￿ transport and managing the demand lo travel by car Biodiversity - idenlfy and 8thJress Mayfknwerfs principal biL*Jiversity imp&ts through i(5 operations and supply chain Water management- to Conserve water through effick?nt use and ongcitng management Inveslmenl$ - ensu￿ that lthayfiower. as an investor. is part of the solution lo climate change and biodiversrty loss The strategy is supported by the folkA¥ing foUr..ena￿￿s': Govemance- embedding envIron￿￿￿tal sustairtabilty in MaY￿e￿$ governance and decision making Reporting - developing a system of annual reporting of cartK)n emtssions and biodiversty impact whKh will be included in the the81￿,$ annual report and financial accounts Funding - making funds availab￿ for sustainabilrty initialwes over the next 10 years, to finance the programme of action required to reduce our environmental mpact . Offsetting - e*ablshing a pdicy to gurde our use of carbon.and biOdNersit￿0ffsettlng Environmental key perfomiance ind¢*ors are rewrted lo the Board. Environmental Mana emenl At Mayflower, we are committed to a¢kn￿￿d￿'ng and mit￿at[n9 our environmental inpact. We are dedicated lo comprehenslve Ca￿On reduction inrtiatwe, collaborating wrth our partners. Col￿agUes, and suppliers to dminish our carbon footprint. Progress continues to be made on this imF4)rtant strategic aim wrth improved data visibilty at the theatre and the sludi0s. Data continues to infomi our d￿ls￿)n-MakIng and the developmenl of greater understanding and insights. Our Mayfiower Environrrenlal & Sustainability team Contin￿ to deliver posrtwe changes across the venues. Meeting every 8-week5, they have made great progress with the Theatre Green Bcok, achieving Sustainable Operations. Bas Standard for the theatre and studios in 202412025. A green Thyer has been developed for visiting Companies lo encourage them to lake responsikn.lrty fortheir env￿onmental impact and to ¢halenge them to improve the sustainabilty of their shows. Waste Stream Mana Improved recyclin9 points have be￿ pl&ed in key Ictations throughout the auditorium with clear sfgnage to encourage customers lo wycle. This has assisted our waste management and sorting actNrties and enabled Maynower lo achievg recycling rate of over 60% in th8 year across bolh venues, saving just under 15 lonnes of C02 al the theatre and the studios saving 4.9 lonnes of C02.. We have also rnanaged lo recycle over 1_273 tonnes of paper hand towels sinco joining the Toth Paper Circle in August 2024 wh￿h ha5 saved an addrtional estimated S51kg of CO2. Electrie81 Baseload R ucti¢ Spend lo save investments continued al our venues in an effort to reduce electr￿81 consumplhJn. The studios is undergoing a prograrnme of energy assessmenl and investment to repl￿ lighting systems with LED units and improvements lo the building management system to enable grealer conlrds of our spaces. ble Cu Mayflower took another positive slep to renKJving single-use plasti¢ from rts venues the inlroduction of reusable CUP5 in the theatre bars. 11 is anticipated that thks will re￿￿)ve over 127k single-use cups from our wasle streams in 202512026. 14. MAYFLOWER ACADEMY LTD (A company limit8d by guarantee) REPORT OF THE DIRECTORS (continued} For the wrlod ended 30 March 2025 Governance We have fobLbSt govemance in place overseen by our Audrt & Govemance Cormiittees, one exh for and MAL. which meet for a total of five limes a year acfQSS both ccmmittees. rewrting into their respective Board. We have adopted the Charty Govemance Code and undertake regular audits by extemal providers to ensure we have best practice In place. The Audit & Govemance Commrttee reviews a schedule of policies on a timetabled basis including but not limited lo poliues on anlFbribery. safeguarding. heaf(h & safety, pay. treasury. and reserves. The MTT Remuneration Committee is responsible for ￿viewIng and recommendin9 to the Board the Chief Executive's remuneralKJn. The Service Level Agreement provides for a charge lo MAL and the Benefrt ￿ K¥)d stalement recognises seNice not Charg￿1. The Committee and the Leadership Team of Mayifower. made up of the ex￿ul1Ve and senio¥ rnanage￿, prepare the Govemance Handbooks Wh￿tt are then recommended to and approved by the ￿ spective Board guiding all governance issues relating lo both or9anisat*)n$. The Boards undertake ￿￿lar updating on charrty ar¥J corp¢y*e 9o¥eman¢e both Intemal￿ and through exlernal advi50r5. The Boards are commitied lo diversifying their membership and endeavour lo achieve this through the wo of the Nomination5 Committee which m*es re¢ommendatK)ns t*)th as to the membership of the Board and ils 5￿ceSSion. STRATEGIC REPORT Achievements and Perfornian MAL'S strategy is Unde￿inned by a key focus on the Arts Council England's four investment principles.. Ambbtion & Qualbty- lo achieve the misS￿n of Inspiring Expeneneès through dwerse prcgramming reèching underserviced audience5." to use monrtored data to evaluate artislic qvalty and diversty ol staff, p*ron$ and sloTies,' and lo see positive aud￿nCe and participant leedback. return ¥i￿ls. growth of ticket sales and increase in diversity. Environmental Responsi￿"¥1ty- lo reduce environmental inpact across OFeratK)ns", use artistic platfomi lo en9age aligned partners and creatively ￿POnd lo climale crisis through the work we programme and produ￿. lo grow audiences aThJ participants for this work.. and regular￿ mnrtor emissions, xhieving a 30% decrease in our carbon lootprint. Dynamism- to be robusl and tynamically ￿te to withstsnd challer¥Jes and se￿e opportunits"es', monitor resilience and use data lo drbve innovation.. deliver the busine55 model between Mayficwei Sludios and Mayfiower Theatre maximk8ing opportunities, and lo estsblish a ¢reatwe, engaged 4wrkforce- low staff turrK)ver and measurable skills developmènt. Inclusivity and Releva￿e- reflecl wr communrty and te recognised for charyioning voices less heard across all aspects of our work.. and rneasure success by monitoring percentage increases of those with protected characlerislics al Board. staff & volunteer level. as well as across ow audiences. particl￿nIS and patrons. Our artistic vision for Mayfiower is key lo our stralegy. Maynower provides a prc#3ramme of performances, evenls and activities that is wide-ranging and eclectic %Mth "something for everyone- as our aim. We offer a vibrant, ￿tsI￿.0U$, and inclusive programme and present and produce the best in art and enlertainff*nt. Escape- ￿en aUd￿CeS see work in our venues. we *Kpe they wll be captlvated as we trdnsport them lo new worlds, far-flung lands, journeying into the and unknNn. Entèrtain - We seek to excite our audiences. to mo¥e them lo tears, to move tr￿M to laughter, to Connect them with u$ and to each other. Challenge- Our work bwll pmvoke. sometimes rt may educate and scrtimes it may push our audiences into new Kleas, new thoughts and be unsettling. Amplify- We will tell stones less told. Introducing new v(xces and explonlng the unkn(￿n and unexpected. 15 MAYFLOWER ACADEMY LTD IA company limited by guarantee) REPORT OF THE DIRECTORS {cMtinued) For the period ended 30 March 2025 The Boards and the Leadership team of Mayficmef havecontinued to deliverthe slr*egic areas of focus". People. Stages, Comrnunity and Venues, brief details of which are sel out under the Plans for Future Per￿)dS seth.on on pages 16-17. We have identrfied a number of key performance ind￿al0[5 {KPls} lo measure success and rep)rt on Pfogress of our strategic objectives * each Board meeting. These include monrtoring attendance, tumover. latour percentage alongS￿e initiating a Nel Promoter Score INPSI for all prc*Juct¢ons that Vi5rt. Financial Review- Mayflowgr Academy Ltd Mayflower Academy Ltd Va MAST Mayflvwer stud￿ (M4L) is funded by both Arts Council England and Southampton Cty Council. During the reriod we receNed £950.0(￿ from Arts Council Erpland and £261,000 from Southampton Cty Council and we are very grateful lo both organisations for Iheir support In addrtion. we received £33,000 in grants from Soulhamplon Cty Councrl. National Theatre and Theatre Trust whi¢h was grealty appreciated. A further £30,000 in donations was received from the general publ￿. vras gfeatty appwiated. We presented 251 performances in the perh>J xross $tudK)s, wilh 207 in Studio 1. The 5 top shows by attendance for the year included The Very Hungry Calerpillar Chnslmas Show with 5.678 in attendance.. our Christmas Youth Production of The Wind in the ￿l/ow$ wrth 4,390," R(x)m on the 3,305." The Gnrffalo's Child 2,904". and Zog and the Flying Doctors 2.485. Our tclal attendance for the year was 63.344 with ticket income of £878,297. Our cal&bar offering has also prowded another a￿a of grNth wlh spend per head InC￿a$ln9 by 4p across the year as we continue to strive lo meet the needs of our dNerse audiences. Ihhilsl our family shcNts Contin￿ in popularTty they prov￿le the lowest levels of ancillary spend creating a challenge for our teams lo be innovative in our offering. Music n￿h1 and wmedy nights achieve spend levels that are 34 times higher than famity 5h¢)ws. We have seen a doubling of revenue from hiring out our spxes lor corferences attracting new business and will continue lo develop this area wi(hout conflicting with our Sh(￿ progranmne. We invesled £139.377 in dire¢l ¢ost$ lor Ouf Part￿1pat￿n work $UPFQrting artisl devekjpment. participat￿n activrtie5 and supporting resident partners. with an addthonal £142.789 in overhead costs. This was in conjunction with Mayflower Theatre investing an additional £412.540 in its Part￿ipatIon direct and overheaj wsts, as the tsvo organisatsons work together lo provide opportunities and ddiver aclNities to our Iccal communitbes and culiural partner5. Overhead investment has been fttussed key areas to support Ihe business". carryin9 Out ongoir*J repairs and maintenance linvesling a further £110.3141. matheling1£95.4321 and investment in staff tra￿ing and ensuring the IT infrastructure is robust and fil for PUfP05e toth being subsi(Jised by Mayflower Theatre. The ongoing and increasing L8sues with the buihjing in lem)s of repairs and maintenance remain a financial distraction polentially reducing our ability lo ddtvef even greater swKal impact. We continue to inveslKJale funding opportunities to support these requirements, as well as holding ongoing dtscussions wth our landbrd, so we can focus on providing benefrt lo our communty. Total income for the year was £2,818,394. a grcvAh ofju51 under 5%, wth costs of £2,71J).905 ￿8ving a surplus of £117,489 after deprecK4lion. We have a general reserve bala￿ of £588,783. Plans for Future Periods Whilst we remain focussed on delivering tsJr artistL wsion amns lo provide inspiring experiences by maintaining the standard and quality of shows for which Maynower has established its reputation, we are also very focussed on continuing to grow our audiences and developing our staff body. We are continuing to bjild on ¢JJr strong foundations and move forward with delivenng our strategy. We wll do this Ihrough our operatKJnal plan for 202512026 which Supports our 4 areas of organisatb)nal fc¢us". People- to be recognised as Empbyers of Choice in our sector and region.. recruit from a broad range of backgrounds to further strengthen our commitment lo diversity and inclusion. inve$l in training and ¢onlinuou$ professional development." pronY)te wellbeing benefits of leading a heamhy and aclNe lrfestyle., and ensuring our Safeguarding strategy 15 continualty develcped arLd eff￿ted to ensure COry*liance wrth legislakn'Dn and best praclice. Stages~ programme in a creative arKI imaginalNe way ensuring the best touring prcmjuctions perform on our stages., broaden the prcgrarnrne to ensure young people and family groups attend perfomiances on our 16 MAYFLOWER ACADEMY LTD {A company limitèd by guarantee) REPORT OF THE DIRECTORS {continuedJ For the period ended 30 March 202S stages.. wi¢Jen the provisi(￿ of dance wrthin the programn*. to ensure inclusion aThJ diversty are reftecled on our stages and we can appeal lo a wmler demo9raphic ensuring laThJuage and hearing impediment are not a barrier lo attendance. enhance the theatre's repulotion nalionajty and inteinalionally and idenlify investment opportunities and cfrproducing projects.. ensure the programme appeals to the mixed. dNerse ecob)gy of our community and is refiected on the stages," SVPFQrt creative sector development lo ensuce the future growth ofwork for our stages. Give clear progression routes into the industry. recognising disadvantage. and addressing inequalrties to support a diverse workforce_ Nurturing new and existing talent to support artists to devebp, create and produce new work al small and mid-scale level ￿COgnISing IhL% develops fulure krge-scale work. Cornmunity- grcw our Part￿IpatIon progTamme to drive attenda￿, participation and leaming to develop audien¢es for the future.. offer young people the opportunty to engage wrth the arts, whilst nurturing and developing skills., offer engagement opportunrties lo all SCh￿IS and further education col*es, parti¢ul8rty largeling schcre cyber aware and are kept infomied of latest advice from bodies such as Action Fraud {Ihe National Fraud and Cyber Crime Repth'ng Centrel as well as local police. We have developed a Security Incident Response plan that sets oul how to deal with a cyber-fraud attxk wrth a number of scenarios addressed. Flnancial Risk Mana9emont Objective5 and Policies MAL finances it$ operations through retained surpluses supported by Substrnts￿ core fundirKJ. Tho management's objectives are to retain Suff￿￿nI liquid funds lo enable rt to meet rts day-to-day obligabons as they lall due whilst oplimtsing relums on surplus fund$. Hedge &counting is not Ltsed by MAL. 19 MAYFLOWER ACADEMY LTD IA Company limited by guafanteel REPORT OF THE DIRECTORS (continued) For the period ended 30 March 2025 STATEMENT OF DIRECTORS. RESPONSIBIUTIES IN RELATION TO THE FINANCIAL STATEMENTS The Directots are responsible for preparing the Report of the Directors and the financial statements in aceordance with applicable law and United KIngdC￿ Accounting Stand￿s (Unrted Kingdom Generalty Aetepted Aecounting Praetiee). Company law requires the Dyectors to prepare finanual ststemenls for each financial periDd which gNe a true and fair view of the state of affairs of the charitsble company and of the incoming resou￿$ and application of resources. including the income and expendrture, of the chantable group for Ihal peric#J. In preparing these financial ststemenls. the Oirectors are required lo.. select suit*Jle accounting p)I￿•eS and then ¥pty Ihem conststentty.. observe the m81hods and principles in the Charrties SORP.. make judgments and estimales that are reasonable and prudent., state whether applicabk UK Accounting Standards have been followed, subjecl to any material departure5 disclosed and explained in the financk81 slatemenls." and prepare the financial statements on the going o)ncem basis unless it is inappropriate lo presume that the horitable group wll continue in business. The Directors are responsible for keepin9 pfoFer accounting records that disclose with reasonable accuracy al any lime the financial posithjn of the charrtable group and enab￿ them to ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company, and the group, and hence for taking ieasonable steps for the prevenb.on deleth.on of fraud arKI other irregularitie5. In so far as the oireclors.are alvare: there 1$ no relevant audit infomation of which the charitable group's auditor is Unawa￿,. and the Direclois have taken all steps that they ou9ht lo have taken lo make themselves aware of any re￿vant audit inlomialion and to establtsh that the audiior is wmare of thal inforni*ion. Member5, Interest The liability of every member is limrted to £25 in the event of MAL being wound up. In preparing this report. the Directors have taken advantsge of the small companies exenwtions provpded by secl*)n 415A of the Companies Act 2CQ6. On behalf of the Board Mich3el Wri£ht IO¢).¥25 1 Michael Wright Director 43.'S2GMT411 mayfi￿Ver Academy Ltd Empire Lane Soulhamplon Hampshire SOIS 1AP Date.. 0311012025 20 MAYFLOWER ACADEMY LTD IA Company limited by guarnnte& INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MAYFLOWER ACADEMY LTD Opinion We have audited the financial sialements of Mayfiower Academy Limrted for the period ended 30 March 2025 whi¢h comprise the Stalement of financial activitie5. Balance sheei. Statement of cash fflow and notes lo the finan(ial statements, induding a summary of significant accounts'ng polries. ThÈ financial reports.ng framework that has been applied rn their prèparatitrn is applieable law and United lQngdom Accounting Standard5. induding Financial Reporting Standard 102 The Financial Repofting Standard applicabl8 in the UK and Reptsblic of Ireland (United knngdom Generalty Awpted Acttjunling Practice). In our opinion. Ihe ffnanGral statement$." give a true and fair view of the State of Ihe thartlatAe company's affairs as al 30 March 2025 and of the charrtable company's net movemenl in funds, induding the income and expenditu￿. for the year then ended.. have been properly prepa￿d in accordance wth United Kingdom G￿erallY Accepted Acojunting Practice". and have been prep¥ed in a¢¢ordance T￿lh the requiremems ofthe C(Ampan￿$ Act 2C(6. Basis for opinion We conducted our audrt in accwdance wlh Intemat￿naI StsrKlards on Aydititvj IUIQ IISAS IUKII and applicable law. O iesponsibilities under those standaTds are fvrther dewbed in the Audrtorfs resp￿SibIlrt1es lor the audit of the financial statements section ol ovr report We ale indÈpendent of the charitable (*mpany in accordance with the Èthical requirements that are relevant lo our audit of the finanual statements in the UK. including the FRC'S Elhitxl Stsndard, and we have fulfillèd our othèr ethical responsibilities in accordance wrth these requiremellts. We bel*¥e th81 th$ aLKlil evId￿Ce we have obtained Is sufficient and appropriate lo provide a basis lof rAJf opinion_ Conclusions ￿lating to going concern In auditing the finanaal statements. we have condud&J thal the tfUStees' use of the going cmcem basis of ￿trunts.ng in the preparation of the financial staiements is appropriate. Based on the work we have perf0M￿d. we have ngt idenlifietl any material uncertainties relating to events or conditrons that, individually or collecbvety, may Ixst significant doubt on the ¢hanlable companys a￿'Irty. to cot)b'nue as a going concem for a period of at.least1welveThotXhs from when thè finantsal statemènts *e authorised for issue. Our responsibility.es and the resp￿sibilitieS of the t￿￿eeS wilh to 90ing concem are descrthd in the relevant section$ of thi5 report. Other inforniation The trustees arÈ responsible for the Oiher infornation. The other infomaik)n o)mprises the infomalion induded in the Report ofthe Direclors. Our opinion on the ffinanrjal 5tstements does nol coverthe other informabon and. exwt to Ihe extent olheThvise expliolty slated in our report. we do not express any lom of assuran￿ ￿ndUS1On thèreon. In conneth'on with our audit of the finanoal Statements. t￿r resp)nsibifrfy ts to read the other infommts.on and. rn doing SO, consider whether the other infonnation is materially in¢￿￿$ten1 with the ffinancial st4tÈments or to our knowledge obtained the audit or othemise appears to te materialty misstaled. If we idenlfy sL￿h material in￿nsIStenI)eS or apparent rnalerial misstaternents. we are requi￿ to delerrnine W￿ther there is a rnaterial rnisstatemenl irt Ihè financial statements or a material misstatement of the other information. If, based on Ihe work we have perfonned. we conclude Ihal theie is a material misstatement of this other infomation, we are required lo report that facl. We have nothing to report in Ihis regard. Oplnions on other matters pY•scribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course ol the audié: the infofmalion given in the Report of the Directors forlhe financial year for7*thich the fmancial slatements are prepared is consistent wrth the finanaal statements". and Ihe directors, report has been prepa￿ in a(%oidarte arpk"rab*18gal requirements. Matters on which we are required to report by exception In the light of ihe knowledge and understsnding of the chartable company and rts enwronment obtsined in the COUf5e of the audit. we have not identnled material rThsstatements in the Report of the Directots. We have nothing to report in ￿SPect of the fdlowin9 matiers in relation to which the Compar4es Act 2(K16 requi￿$ us to report lo you if, in our Opin￿.. adequale acxounling record$ have not been kepl by the tharrtable company.. or the charitable company finanual statements are not in agreernent with the accounting records.. Of ertain disclosures oltrustees, remuneration speufied by law are Trjt made". or we have not received all Ihe informatton and explanats'ons we Tequire for our awjit.. or the trustees were not entiued to prepare the financial statements in accordance with the sm811 ￿MpanieS, regime and lake advantage of the small companies. exemptions in weparin9 Ihe Iwslees, report and frcrfn the reqvirernent lo prepare a strategic rep￿1. 21 MAYFLOWER ACADEMY LTD (A company lirnited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF MAYFLOWER ACADEMY LTD Responsibiliknes of trustees for ihe financial slatements As explained more fully in the trustees. responsibilities statement set ryjt on wje 20. the tnjstees (who are also Ihe directors of the Charitable company lor the purposes ol company Liwl are reSponsi￿e for the preparats'on of the ffinancial slalements and for being sats"$￿￿ that they give a true arbd tsir view. and foi such inlemal C￿trol as Ihe trustees determine is nece55ary lo enatrje the preparation ol ffinanaal statemerbts that afe free from matelial mis5tatemèrrt. wheiher due to fraud or error. In ￿paring the financial slalements, the trustees are responsibk for assessing the charitable company's ability to continue as a going con¢em, disdosin9. as appI￿￿e. matters related Io g￿n9 Co￿eM and using the going concern basis of accounting unless the Irvslees eithef intend to liouidale the tharitabte company ¢y to cease operations, or have no ￿311$11¢ allemative but to do so. Auditor's responsibilities for the audit ol the f￿￿n¢101 statements Our objectives are to obtain reasonab￿ assurance aboul whelher the financaal statements as a whc4e are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that indudes our opinion. Reasonable assurance is a high lèvel of assurancè, but is not a guarantee thal an audit conduc(ed in a￿rdance with ISAS IUKI will a￿ayS delecr material misstatement when rt exists. Misstatements can arise from fraud Of error and a￿ Conside￿ material rf, individually or in the aggregate. they (x)ukl reasonably be expecled to influence the el￿n0M￿ deosK)ns of users taken on the bas¢s of these f￿anCIaL $lalements. Irregularities. Incr￿ing fraud. a￿ instances ol non-ctsnplkince with laws antl regulat￿)n$. We design procedures in line with our responsibilities, outlined above, to detect material misstatemenis in resF*Ct ol irregularities. including fraud. The exient lo which our pr£￿eduleS are capable of detecttng irr8gularitses. induding fraud is detailed bel￿Al.. Based on our understsnding of the group and the environment in which il operales. we Klentiffied Ihal Ihe principal risks of non- cornpliance with laws and regLtlations relaled to heatth and safety and data protection legislation and we conwdeied the extent lo which non-compliance M￿ht have a material Èffect on the finanoal statements. We also considered those lav4s and Tegulalior4s".Ik*. haye'& direct impact on Ihe preparnkn.on of the ffinancial statements such as thè Companies Act 2(Th and the - Charities Acl 2011. We evaluated managemenvs ￿cent￿leS an¢J OPFthuNties for fraud￿ertt m*ipulatK)n of the finan¢i81 Slalements (induding the risk of override of controls). Audit procedures perfonned by the engagement tearn I￿Uded.. Discussions with rnanagemenl induding con5ideiats.on of known or suspeL#ed inslance5 of nOn-Corn￿lan¢e with laws and regulth'on and fraud,. Reviewing the controls and procedures relevant lo the preparatson ofthe finanaal statements to ensure that these were in place throughout the yeaf, Including during the Covi&19 remote working period.. Evaluating management's Cc￿trOl$ designèd lo pfevent and detect irregularikn"es", Identifying and testing journals. induding using dats analyb¢S sollware in pa￿"Cular joumal entries posted with unusual accounl comtinations. postings by unusual users or wth unuslsal de5c￿pt￿nS,. and Challenging assumptKJns and judgements made by management ￿ thwr ¢yth'cal accounting estimates. as described in the accountin9 poliaes. Because of the inherent limitations of an audit. there is a iisk that we will not detecl all irr&Jularrties. including those leading lo a material misslalemenl in Ihe financial st*ements or non-complkgnce with regulation. This risk increases the more that compliance with a law or reguLqtion is removed from the events and transactions reflected in the financial statements. as we will be less likety lo become ware of instsnces of non-compliance. The risk is also greater regarding irregularities occurrin9 due lo fraud rather than efror. as f￿ud invofves intenlirmal concealment, forgery, collusion, omission OT misrepresentation. A fvrther descripiion of oui responsibililies for the audit of the financiJ slatements is located on the Financial Reporb"ng Coun¢il'$ website at: vKww.Irc.or .U￿aU￿rtQrS￿S nsibl1￿"eS. This dèscripb.on forms part of our auditorfs rewl. U$e of *)ur report This report is made solety lo the ¢haritaNe company's membeTS. as a btyjy, in accordan(* with Chapler 3 of Part 16 01 the Companies Act 2006. Chjr audrt wort has been undertaken $0 that we rnvJht st*e lo the chartsb￿ company's rnembers those matters we are required to state to them in an Auditorfs report and for no other purpose. To the fvllest extent pemirtted by law, we do not accept or assume responwbilty to anyone other than the charitable company and the chariiable company's members. as a body. for our audft woth. for this repon, or for the opinions we have fomed. Jane Askew (Senior Statutory Auditor) For and on behalf of Haysmac LLP. Stslthry Audrtor 10 Quèen Street Flace Londort EC4R 1AG Dale-. 16.10.25 MAYFLOWER ACADEMY LTD {A company limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (Incorporating the Income and Expenditure Account and Statement of Total Rgcognlsed Gains and Losses) for the period from Incory￿ratIon until 30 March 2025 Total 2025 Total 2024 INCOME FROM: Funding & Donations Investments Chari(able activrties- shcA¥ incomg 1,277,387 33.122 1.507.885 1,264.174 22.966 1,390,911 Total Income 2,818.394 2,678,051 EXPENOITURE ON: Raising funds.. sponsorship Charitable activities.. theatre programmes - edueatson and Out￿￿h 1,650 29 2.559.878 139.377 2.524,619 137,664 Total expenditur• 2,700.905 2.662,312 Net income for the period 117.489 15,739 TOTAL FUNDS AT 31 March 2024 471.294 455,555 TOTAL FUNDS AT 30 Ma￿h 2025 588.783 471,294 All income and expendrtuie in the Current and wior year vras unrestricted. The group statement of finanual ath"￿t￿ has been prepared on the basis that all opwations s￿ continuing operations. The notes on pages 26 to 34 fomi part ofthese financial $tateffents. 23 MAYFLOWER ACADEMY LTD IA company lirnited by guarantee) BALANCE SHE For the period ended 30 March 2025 2025 2024 Note FIXED ASSETS Tangible assets 167,376 154,285 167,376 154.285 CURRENT ASSETS Stocks Debtors Cash at bank arKI in hand 15,278 312.681 669,494 13,109 298,930 480.705 10 997,453 792,744 CREDITORS: Amounts falling due within one year 1576,046) 1475,7351 NET CURRENT ASSETS 421.407 317,009 NET ASSETS 14 588,783 471,294 ACCUMULATED FUNDS Unrestricted income funds General reserve 588,783 471.294 TOTAL FUNDS 588.783 471,294 The finanual ststemenls were approved by the Board of Directots on 3 0(tober 2025 and signed on its beham ty.. Directors The notes on pages 26 to 34 fomi part of these fjnanoal statwnents. 14YFLOWER ACADEMY LTD IA company limited by guarnntee) STATEMENT OF CASH FLOW for the period ended 30 March 2025 2025 2024 Note CASH FLOWS FROM OPERATING ACTMTIES 224,939 170,394 CASH FLOWS FROM INVESTING ACTIVITIES Interest re¢eived Purchase of tangible fixed assets 32.875 169,0251 22,966 {23.0451 CHANGE IN CASH AND CASH EQUIVALENTS IN THE REPORTING PERIOD 188,789 170.315 RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN CASH AND INVESTMENTS Increase in cash in the year 188.789 170,315 MOVEMENT IN CASH AND INVESTMENTS FOR THE PERIOD 188.789 170,315 Net cash and investments al the start of the period 480,705 310,390 NET CASH AND INVESTMENTS AT END OF PERIOD 669.494 480,705 2S MAYFLOWER ACADEMY LTD IA company limited by guarantee) NOTES TO THE FINANCIAL STATEP•lENTS For the period ended 30 March 2025 STATUS The company is Iwniled by guarantee. the liabilty of each member being limiled to £25. ACCOUNTING POLICIES Basis of accounting The financial sl*emenls have been prepared in accOrdar￿e with Acc￿ntsng and Reporting by Charrt*s." Statement of Recommended Praclte appI￿ab￿ to chanties preparing th￿r accounts in accordance wlh the Financial Reporting StsrKlard appltsble in the UK aThJ Republ￿ of IreLiThJ IFRS 1021 (second edith)n- effective 1 January 2019}- ICharitE5 SORP IFRS 1021, the Financk41 Reporting SlaThYard applicable in the UK aThJ Republic of IrekThJ IFRS 1021 arKI the Ccfftpan￿S Aci 20CE. Mayfiower Academy Ltd tla ￿ST Mafver StudbJs IIAAL} meets the definition of a publK benefit entity under FRS 102. Assets and lobilrties are inrt￿1ty recognised at histOTuI cost or transaction value unless otherwise slated in the relevant accoLrnling polw note(s). Preparation of accounts on a going Concern basis The Directors remain confident, with ongoing support from Arts Council England. Southampton City Council, and The Mayfiower Theatre Tru51. in MAL'S abilty lo contrnue as a going concem. The review of our financial position for the forthcoming financk81 years, wrth some prcrfJramming and Ihe funding agreement alre&Jy in place. gNes the Directors confhjence MAL remains a going concem for the foreseeable future. -.lfjcoJDe..._- Income primarily represents show in¢(xn8 and funding received during the year. Grants and donations Grants and donatic￿$ are recognised where the￿ is entitlement, probabilty of rec*pl and the amount can be measured wrth suffiuent reliabilty. Such income 15 only deferred when.. The donor specrfies that the granl or donation must onty be used in future accounting periods," The donor has imposed conditions th* must te ffet before MAL has unconditional entIt1en￿nt. Expenditure Charrtable activrt*s indude expenditure assLKiated with provision of communty and edwlion xtivily (part￿lp¥t1￿l and include l)oth the direct costs and 5upw1 costs relating to these actvit￿. Governance costs include those incurr&J in the govemance of IAAL and its assets ar￿ are primarily ass¢xialed with constilulional and statulory requiremenls. Operating lease agreements Rentals applicab￿ lo operats.ng leases substantialty all of the benefits risks of ownership remain with the lessor are Charged against the Statement of Financial Activrties on a 5traighl-line basis over the peri(xl of Ihe lease. Changes to FRS102 effe¢ts"ve January 2026 will bring operating ￿Se8 onto the balance sheet in the future. Tangible fixed assets and deprecialion Tangible fixed assets are slated at cost. ￿"n9 purchase pr￿, les5 accumulated depreciation. Items are caprtalised if their indivKlual value exceeds £500 or rfthey combine to form an asset whose entire value exceed5 £500. Depreciation L% pfovKled on all tangole fixed assets. olher than k>ng ￿aSehOkl knd. at rates calculated lo write off the cost or Valuat￿n, estimated residual value. of each asset evenly over rts expected useful lrfe, as follows.. Plant and machinery Fixture5 and fittings Compulefs and communi￿tKInS Leased assets (other than buiklings) 5 to 20 years $travJht line 3 to 25 years straight line 3 to 10 years straight line over the of the kase MAYFLOWER ACAOEMY LTD {A company limited by guaRnteel NOTES TO THE FINANCIAL STATEMENTS For Ihe period ended 30 March 2025 Stock Stock is valued at the lower of cost, being purchase price. and net realisab￿ value. after making lowance due for obsolete and slcmf rnoving items. Debtors Trade and other debtors are iecognised al the selikmenl amount due after any trade discount offered. Prepayments are valued at the amount prepaHd net ol any trade discounts due. Cash at bank and In hand Cash at bank and cash in hand Inclu¢Jes cash and short temi highly liquid investrnenls wth a short maturity of three months ￿ less Ir(Mn the date of a¢qU￿1t1(￿ or opening of the deposit or similar account. Creditors and provisions Credrtois and provisions are recL)3nised where MAL has a present oblig4￿ resulting from a pa51 event Ihat will probably resutt in the Iran5fef of funds to a thir(I party and the amount due to settle the obl¥ab'on can be rneasured or estimated reliabty. Credrtors and provisions are r¥)mially recLw3nised al their settlement amount after allowing for any trade discounts due_ Financlal instruments MAL only has financial assets and financial liabilities of a kind that qualfy as basic financlal instruments. Basic financial instruments are inrtialty iWJognised al Irans&tK)n value and subsequenuy measured al their settlement value. Pension costs MAL operates a defined contribulion pension scheme for employees. The assets of the scheme ¥e held 4eparately from those of MAL. The annual4ontribulioRsyayable a￿ charged lo the Statement ofi.. FinancBI ActNities. Fund accounling The nature and purpose of e¥h fund is descn.bed in n(*e 16 and ￿ page 18 in the deS￿ipli0n of reserves. Liquid resources Liqu￿￿ resour￿ indyde Cyr￿nt asset investn*nts. being monies hekl in fixed term deF¥)sil ac￿unts. Critical accounting Sudggments and estimatlon uncertainty There are no crrtical judgements and eslimales. FUNDING AND DONATIONS 2025 2024 Arts Council Soulhamplon Cty Counol Other Donations 950.(N)O 261,CQO 66,387 950.000 290,000 24.174 1,277,387 1,264.174 INVESTMENT INCOME 2025 2024 Bar* interest receivable Investment R￿Um$ 32,875 247 22,*6 33,122 22,966 MA YFLOWER ACADEMY LTD (A cornpany limited by guarantee NOTES TO THE FINANCIAL STATEMENTS For the period ended 30 March 2025 INCOME FROM CHARITABLE AcnvmES 2025 2024 Ticket sales and audrtoriLKn fees Booking f Rental income Ancillary trading income In•house production income Engage incon Miscelkna)us income 878,297 68,335 79.202 212,607 171.249 50.811 47.384 763.499 58,193 70.731 173,282 231,212 50,703 43,291 1.507.885 1,390,911 Mtscellaneous income indudes mainty recharged expenses to Visbting cryanies as well as small amounts of sundry Incon*. ANALYSIS OF EXPENOITVRE Support costs Other support Governance costs costs .2025 2025 Direct costs -2025 Total 2ri25 Raising funds.. 4ponsorship Charitable activities.. - theatre programmes - education and outreach 1.650 1,650 2.123,698 139.377 418.280 17.900 2.559,878 139,377 2.264.725 418.280 17,900 2.7￿,905 Support costs Other support Govemance costs 2024 . Direct Total 2024 2024 2024 Raising funds.. -sponscwship Charilabk activil￿S.. - theatre projrammes - education and outreach 29 2.060,502 137.664 443,282 20,835 2,524.619 137.664 2.198.195 443.282 20,835 2,662,312 MAYFLOWER ACADEMY LTD IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the period ended 30 March 2025 2025 2024 Supwrt cosls CLMSiSt of the folk)wng.' Other staff cos1¥ Finance 5,547 10,306 346.493 55,934 17.9CKI 12,209 10,802 368,033 52,238 20,835 Building Depreciation Govemance 436.180 464,117 Govemance costs C￿$15t of the followro" Audrtor's remuneration (excluding VATI Other professional fees 13.2¢XI 4.700 13,300 7.S35 17,900 20.835 NETNOVEMENT_.IN F.UNDS 202S 2024 This is slated after charging.. Audi(ors' remuneration." audit Audrtors, remuneration.. non-audit fees Depreciation of owned fixed assets Operating ￿ase renlals - land and buihlings 13.200 4,700 $5.934 27.591 13.300 7.535 52,238 26,536 101,425 99.609 STAFF COSTS 2025 2024 Wages and salaries SLKial security costs Other PenS￿n costs )0.653 63,175 39.224 907,483 69,215 43.974 1.C63.052 1,020,672 MAYFLOWER ACADEMY LTD IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS Foi the peri<￿ ended 30 March 2025 The average number of full-time equivalent empbyees lincludiThJ casual part time slaff) during the perioj was as follows.. 2025 Number 2024 Number FTE Leadership team Other staff 25 41 23 31 29 No remuneration was paid durirwJ the pwiod to men*er of the Board of Dire¢tor$12024'. £Nill. During the Feriod MAL did nol reimburse any Iravelling eynses of the Board of Directors. {2024.' £Nil}. There were no empbyees whose emlumenls amounted to over £60.Cw)O. 2025 Number 2024 Number £60.001 - £70.000 £70.001 - £80.000 Tolal Leadership team (6 employees) 12024.. 9) remuneration {induding salary. pension. b(￿￿$ payments and hea￿hC8re) is £149,341 12024. £276.912). TANGIBLE FIXED ASSETS Fixlur9S and r￿Ing$ Land and buildings Plant and machinery Total Cost: Al 1 Aprd 2024 Additions 8.518 2,079 167.410 40.935 115.316 26.011 291,244 69.025 At 30 March 2025 10.597 208.345 141,327 360.269 Depreciation: At 1 April 2024 Provided during the period 2.252 1.114 .628 33.516 38,079 21,304 136,959 55,934 At 30 March 2025 130.144 59,383 192,893 Net book value: AI 30 March 2025 7,231 78.201 81,944 167.376 At 1 April 2024 6.266 70,782 77,237 154.285 MAYFLOWER ACADEMY LTD (A company limited by guarantee) NOTES TO THE ANANCIAL STATEMENTS For the period ended 30 March 2025 10. DEBTORS 2025 2024 Trade debtors Other debtors Prepayments and accrued ine 1,523 226.550 84,608 260, 112 38,818 312.681 298,930 Other deblcffs includes amounts due from Maykner Theatre primarity for tickets sokl ¢)n behaw of MAL via their ticketing system March and VAT refund due. 11. CREDITORS: amounts falling du• within one year 2025 2024 Trade credit¢Ns Other taxes arKI social securty Other credi(ors Accruals and deferred irKome 194.673 9.326 35.111 336,936 156.660 20.363 5,930 292,782 576,046 475,735 12. ANALYSIS OF DEFERRED INCOME 2025 2024 Deferred income brovghl forward Amounts released lo income in the peric4J Amounts deferre¢J in the perlod 226.334 {226,334} 186.394 176.414 1176,4141 226,334 Deferred Ir￿orne carried foThvard 186.394 226,334 Defefred income relates to advarKe I￿ke1 sa￿S for Sh(Y￿ on Sa￿ teyond Ihe end of the financial year. 13. RELATED PARTY TRANSACTIONS The MayNo•ver Th&*re Trust is a rnember of Mayfiower Acadery Ltd. DUri￿j the financial year Mayflower Academy Ltd paid £510.421 {2024.. £2S1,1601 to ma￿er Theatre Trust made up of the proVis￿n of support. services under the terms ol a serv￿ Level Agreement {£316.7981 and the remainder being the recharge of other costs incurred by Mayfiower Theatre Trust on behalf of Mayfiower Academy Ltd. Al the year end, Mayfiower Academy Ltd owed Mayftower Theatre Trusi £68,63012024'. £40.740). In addit￿￿. £80.45312024'. £145,982) was owed by Mayflower Theatre Trusl to Mayfltrwer Academy Ltd. Mrs J Ockwell. spouse of Mr M Ockwell. Chief Executive of Mayfiry4¥er Academy Ltd, was paKI £5,8￿) in the year for the provision of creative servw (2024." £9,210). Chris Bennett. partner ofsara Scott. Executive Dire£tor of MayncMerAcademy Ltd. was paid £1,928 in the year for the promsion of cre*ive Se￿￿(2024.. £3.6771. There were no other rel*ed paty transaL#ions in perb)d. 31 MA YFLOWER ACADEMY LTD (A ￿rnPany limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the period ended 30 Idarch 2025 14. ANALYSIS OF NEf ASSETS BETWEEN FUNDS UnrestrKted Genèrnl accumulated fund 2025 Fixed assets Current assets Current liabilities 167,376 997,453 1576.0461 588,783 Unrestricted General accumulated fund 2024 Fixed assets Current assets Current liabilit 154,285 792.744 {475.735} 471,294 15. FREE RESERVES The free reserves of Mayflower Academy Ltd sland al £421.40712024.. £317.009) as al the period ended 30 March 2025. This figure is made up of. 2025 2024 UnrestrKted general lundesignated) fuThJs Less fixed assets hehj in general undesignated funds $88,783 (167.3761 471.294 {154,285) 421.407 317,009 32 MAYFLOWER ACADEMY LTD IA company limited ty guarantsel NOTES TO THE FINANCIAL STATEMENTS For the period ended 30 Ifiarch 2025 16. RECONCILIAnON OF FUNDS AND MOVEMENTS ON RESERVES Unrnstricled Genoral Total At 31 March 2024 Income Expenditure 471,294 2.818.394 (2.700.905) 471,294 2.818,394 12.71J).9051 At 30 March 202S 588,783 588.783 General Res•The This fund Includes the surplus for Mayftower Ac&Jemy Ltd for perKid ende(130 March 2025 to be ulilised in the mission and activities of the organisth"on. 17. PENSION COMMITMENTS ayfiowef Academy Ltd operates a deffined contribut￿n pensN)n scheme for fts employees. The assets ofthe scheme are held separaldy frLyn those of the company in an independenlty administered fund. The charge in the acLounls wa5 £39.224 12024". £43.974) and an wx)unt of £3,896 12024.. £5.9301 was included in creditors at the peiiod end. 18. OPERATING LEASE COMMITIENTS AI 30 March 2025 the charity had the fotkmng commitn￿ts under operating leases, prepaid during the year.. Leasehold •￿IldIng$ 2025 Leasehold buiklings 2024 Amourtls falling due wilhin one year Amounts falling due in 1-5 yea 10.060 10.060 10,060 10.060 20,120 33 MAYFLOWER ACADEMY LTD IA cornpany limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS For the period ended 30 March 2025 19. NET CASH INFLOW FROM OPERATING ACTMTIES 2025 2024 Nel income Inlerest receivable Depreciation Decreasellincrease) in debtors IDecreasel/increa$e in credit￿$ De¢reasellincreasel in stctk 117,489 {32.8751 55.934 113.7511 100,311 12,1691 15,739 22.9661 52,238 16.714 112.544 13,875) 224.939 170,394 20. ANALYSIS OF CHANGES IN NET DEBT At30 March 2025 At 1 April 2024 Other non- "cash changes Ca$h 480.705 188,789 669,494 480.705 188.789 669.494 Loans due within one yèar Loans due after more Ihan one yeaf Total 480.705 188.789 669.494