Comp4t)y registration number.. 08821450 Chwity registration numkr: 1199099 Nonsuch Theatre Limited (A wnpany limitcd by guarantee) forthe YcaT Ended 31 Marth 2025 RWB CA Limited Northgate House North Gatc New B&sford Nottin8ham NG7 7BQ
Nonsuch Theatre Limited Contents 2to 11 Ind¢p¢nd¢nt Examin&s Res 12 Stalement of FiDancial Artivities 13to14 Balan¢¢ SI 15ts16 Notes to tbe Fina101 Statements 17to30
NoD3uch Theatre Limited Reference and Administrative Detsi13 Cbair Cbrity ReglstTtlofj Number 11990Y) Company Regutratioll Number 08821450 The ClJ8rity is itio)rported in EDd & Wal¢s. D-FIr Broadway Cinema 14-18 Broad Street Noningham NGI 3AL Regi5t¢r¢d Independettt Eumin¢r RWB CA Limited Northga* House North G¢ New Ba5ford Nottingham NG7 7BQ Page I
NoDsu¢h Theatre Limited Trustees Report The ITh¢¢$, wlw) ar¢ dir¢ttors for the purpjses of company law. prtseni th¢ annual report together with the financial srotemeots of the charitable company for the yelr endtyj 31 March 2025. The accoutts have been pttpwd in K¢ordance with the accounting policies set out in NOTE I to the accounts and comply with the charity's governing documeDL the Companies Act 2006 8nd "AecountiDg al ReportiThg by Charitie5'. Staternenl of Recommended Practice applicable to clwtties PTeparing their accounts in accordance with th¢ Financial Reporting Sthndard applicable in tt UK 8j Republic of Ireland (FRS 1021" (&$ amended for accounting p¢riods CODllneDcin8 frotth l January 20191. The AaDual Report represents Nottsh Studios (th¢ trading Darne of No$ll¢ Theatre Ltd), a Tegist¢r¢d chaTity, and its wholty owned 5ub5idiary NO£ Sti10s Trt4Jing Lbl. AdmiDiStrative de¢*iJ8 l Nonsuch Theatre Ltd Charity registrntion number: 1199)99 (Registered on the 26 May 2022) Company Limit¢d by GuaraDttt without share c4)itsl. Number.. 08821450 Principal & Re8i5teted Office: I>FI)[. BrnfAlway 14-18 Broad Street, NOttitigb NGI 3AL TnteelrettOI5 . Cath¢rin¢ MahTn(M)d (Chairl Alex Millingknn {App)int¢d 01112r2024) Tarnily Cookson Courlney Nettieford Christopber Sewell Mtirtiti Valentine Syaitia ShaTrthndI OIArtiStie Director: 2 NoMM¢b sdI0# Tnding Ltd Private Limited Compw)y Numb¢r. 14125308 (Re on 23 May 2022) Principal & Registered Office.. LFI(r, Broadway Cinem4 1&18 Broad StreeL Noititigkn NGI 3AL Edward Bty)tt Courtsw Nettjeford Marthn Valeo¢in¢ S¢¢r¢tBry .' Pa8e 2
IYoDsuch Theatre Limited Trustee5 Report Strnctsre. governattee •nd m*Dxg¢ment Nonsuch Tr¢•tre LAd Nonsuch Theatre Limited was regisiered OD 19 December 2013 as a c4)rnpany limiled by guarantee and its governing document ¢ompris¢s Memorandum and Articl¢s of Association. Non5ucb TheAtr¢ Limited beume a registered charity on 26 May 2022. TnLStces arc re¢rnit¢d through a forniak pri)cess in¢le9 open inVitsn apply aDd with due recognition of the ¢harity'5 requirements foi skJ"Ils and experience and of its diversity bl¢t. The r¢rniitment process includes diss¢mination of a Trustee R¢¢Tuittnent PacK intervi, a1 iDitial oprtUnity tts attend a Board rneetin8 in Obsetv¢r status. An induction is provided for new tru5tee5 thmugh the Chair and CEOIArtisti¢ Dir¢¢tor and training is PTovid¢d in malters a5 nccdcd e.g. fe81ding and finanriti] nniring. The organisationa15tructure allows for a CEO and Artistie DireCr with a small 5UPWJrting senior mana8¢m¢nt t¢am, who tnanage day to day operdtions of the charity. Trustees approve a]1 stsff salaries and Wdges. The Trustees meet forniaily on a quarterly basi5 #nd also attend xtivitic5 and events. The CEOIArti5tic Dlrecior report5 to the Chair of the Tru5tces in addition to attending a] reporting at Tn]stee meetings. Decision nkIng include5 defmed delegated authority. Nonsucb Stsdios Trnditig Ltd Nonsuch Sttjdios Trading Limited was re8iStertd OD 23 Mty 2022 as 8 wholly owned subsidiary of Nowuth Theatr Lid. and manages any COMM¢181 or nonwcharttsble &tsvity on behf of the charity. Directors of Nonsuch Studios Trading Ltd are lloMin by the Trustees of Nonsuch Theatre Ltd. Dir¢¢tors meet fornhaily on 4 quarterly basis with attenda0¢¢ and a report from the CEOIArtistic Dirtttor. Decision making ineludes defined delegated autlbjrity al thy key dxisions are Teferrrd to the Board of the parent company, Nonsu¢h Theatrt Ltd. Public benef To the besi of th¢ir abilty the charity Trustees have, in exercising their WerS. compilcd with the guidance on public benefit published by the Charity Commission. The Trustees have ensured compliance with public ben¢fit by ()ve¢Ing the delivery of the activitie5 identified below. The trustees conffirn thot th¢y have complied with the rtquirem¢nts of section 17 of the Chariti¢$ Act 2011 to hav¢ due regard to the publi¢ benefit 8uidaDce publi5hcd by the Charity Commission for EngiazKb and Wal¢s.
Nonsuch Thtre Limited Trustees Rew•rt Objtttives and activitits The charity's objects per the Arti¢les of A55ociation are as follows.. The advan¢¢meot of tbe arts of drdW perforn)an¢¢, music. ¢o118boratiYe ans. Cont¢mrary visual arts and tnedia arts for th¢ publie benefit in Nottinglwm prinwily, atHI the midlands regiotL Dau0nlY aThd internationally by the presenln of artworks, workshop5. concetts. perfornwKe4 exhibithOn5 and festivals and by encowaging and d¢Y¢loping public participation in these art forn. Our WAI xnd visio Non$u¢h sthdios believe that CREATIVITY IS POWER aThJ our is see a world transfom]ed through ¢ultural and ¢r¢ative freedonL Acr05$ all our proBranyDes aim to empDfT ¢uhurnl and ueiv¢ freedoms through unlocking creativity and celcbrnting life. We fillaInetttallY beti¢ve th¥ the powrr of crealivty can benefii the lives of everyone re8ardlc55 of a8c. culturnl backwund or access ty opportlity. We watht to make sure that everyone h8s th¢ chance to explore their creativity. artistic exyre5sion and culturnl freedotm and, by doing so. we strive to empower ¢ommuniti¢s to make p051tive changes to ¢¢lebrat¢ life, and the world in whi¢h th¢y liv¢. Whxt we do •We 8Te QDe of the leading cre1¥¢ producers. theatre compaDies and cotwnunity ans $pecia]i$ts in the Midland5. •W¢ produce oriwal theatre. perfornthttce, experiences and events that launch in N0ttitigl and tour lO$S the UK and beyond. •We work with thousands of indivithia15 evtty year w develop skills and unlock creatiye potentid through our creative classes artd transftirnwional ernwe[Ment program ill scknls and aeross the community. •W¢ support artists, theatre ttLaker5 and creIVeS at aoy sts8e of their carEer to m£ their best IrL fmd their p3th and support their CnOMi¢ developmenL Strategic objtttiw •To empower individuals to unk)ck their potential •To supp)rt communities thrive •To pVIde OPFd)rtUDitics for ewwmic development •To improve mental bealth WEllbein8 •To act as champioD5 of 11 justice. Page 4
Nonsuch Tbeatre Limhed Trustees Rep)rt Achievements and peTforniD¢e B¢lween l April 2024 and 31 Mar¢h 2025, NJDsu¢h Sbjdios deliv¢r¢d the fol]oiDg xtivities: NONSUCH STUDIOS PRODucfIoiY DEVELOPMENr Over the COUTse of 2024r25 Non5uch Studios focussed on the redevelopment of our produLXion of new th¢atr¢ and work rettwning very much to our roots as a theatre compaDy and producing organisation. T0 Set the dire¢iiot) of travel for our fi]ture produdion d¢vekJpmcnt we Horked over th¢ summer of 2024 to develop OUT Future ProductioDs Plar4 outlinin8 the key areas for development over the 2024-2026 period. This placed our prioriiies in the following key areas: New Contemporary Devised Perfonnance Th¢atr¢ & Perfornwi¢e for Early Y¢ar5. Children & Famili¢s Digital Proj¢¢ts & InnovatiODS These key areas built on Nonsuch's str¢D8th5 a5 & deviwj and physicd theatre-l¢d wrnpany aJyJ our intemaiional approach to kIng new Work was ide1cd a5 a key b¢Defit (Dr future suc¢ess and partnership development. From these plan5 we began to ld Conver10 our trust p8rtDer4 orgatiisational friend5 and past ommissioners and Prtsgram of our wts to utthTstalld ktw we can collaboratr on the ideas and plaTh8 we're beginning to put in place. The5¢ Conversation5 were focussed on exploriD8 ¢oThmissionin8 and (PrOduCtion relationships that will support the development of n¢w productions as 11 &8 explore ncw opportsinities fi>r collaiN)rations that take into accouDt Nonsuch's expertise in pla¢evba5¢d atMI MmunIty-1¢d cottUDi55ioning and producing. OUTLAWED TOUR • As Nonsuch Studios. most recent produ10 created in 2023, oirrLAWED a rab4ret and clown reimagining of Robin Hood was identifi¢d the most artionable piece of produ¢¢d work to begin rebuildin8 relationships with venu¢s and adIenceS on tour. In early 2025 we be8an to prorne 8 tour for the AuttJJDn 2025. DIGITAL PROGRAMME: WONDERGROUND Following on from the success of our di8ita] itiStsil0 of iDtothEclouds for NottiD8ham City Libraries, Non5uch Studios Tradin8 Limited Wds sUccessfi 5unD¥ fiwdiDg from Innovate UK to develop a range of digital videos for early-years. WONDERGROUND. Working with early years participants we esed a series of vid$ fo¢51ng on set)sory e10TliOn themes: BREEZE. SHtNY. TUBES. BOXES. SHADOW & SCKUNCH. Whilll this projeGt was a R¢search and Development project and not for publie sharing. it enabled us to really develop expertise in the creation of digital content and understand thc capa¢ity of the rnarket for fiknjre exploitation of our pmduced work and creative intellectual property. ARTisf DEVElnPMENT . We continued to k a flagship parnr for In Good Compony - the FA5t Midlands. artist development programn l¢d by Derby Theatre. As memb¢rs of IGC $upp)rt¢d artists xros5 the East Midlands to receive 5UPPOrt in the development of their worK iu p*ti¢ular offerin8 5UPP)rt fD)m n)¢mbers of the Non5u¢h Studi05 ieam WIDER STRATEGIC & CREATIVE PARThERSHIPS Nonsuch Studios remaincd a key patther of th¢ folloThin8 DettTk$. wrking to support the wider cultural offer in the plac¢5 in whbch we work.. Nottingharn StregI¢ Culnwa] Partn¢r5bip
Nonsu¢h Theatre Limited Trustees Report The Mansfield & A5hfi¢ld Cultwal Partrp A5hfi¢ld Arts Patknership ommuDi Over the Course of 2024125 our CotDmuuity Progra¢ ba5 Continued to 8row at scale as 4 result of a concerted fundraising and development effort in51igated and enabled by the closure. CEiYfRE STAGE Centre Stage 15 Qur t]agsbip progranun¢ for suppDztiDg attd developing new cont¢mpoTary perfornwice for 12-18-year olds working in patthership with schools and colleges acros5 Nottitighhmshir¢. • This programme h&5 had mgny guises over the years li h&5 {since 2017) and is & key offer that has been maintained throughout OUT variou5 operational Glrrullt5ta. In its initial period of delivery we ured work to unexpected venues in Nottingh•n Sch15 and colleges trnvelling se¢ show5" then when we had our own Yenue 5choo15 came b) see shows in house: and w. in the 226 deliv¢ry window we are touring show5 into schools. . At the heart of the prowdmme is the desire to prent wyjrk that is iD41iTed by yOUDg lives and genuinely relevanl and interestiD8 to the yOUDg people of ttyjay. Young audience5 are in5pÉred by thc 5b)ws we present and then unpack and un]ock theatre craft and coniextt41 insight throu8h a ran8e of workshops that they 0Se] through for th¢ r¢st of the day. This year w¢ presented two 5how3 ovEr two weeks of touria8.' one in the Autumn and one in the Spritig. Ea¢ sfftk)w toured to 4 SCI15 and to over 400 Styjdettts each week The first sbow, Kinder by multl-awth-winni Smokiug Apples Theatre, saw school venues tran5fonned into an immersive train Criage for a puppety-led p¢rf0rnwt aknut the Kinder Trbnsp)rt mov¢menl at the stsrt of World War 2. Workshops foc$Sed on pupp¢try skill4 j0urn¢y-bd Darratives, devisin8 and how to tell stories through puppets. • The 5e¢ond sFw)w. GRIP by PUSH Physical The&tr< att intwionalty reTr)wned physical theatre company from New York State. unpA¢k¢d the complex I)r1d of toxic masculinity and the difficult relationships and cha]len8es young men face. Workshops explored physical theatre skills including mime. lifts and wunt¢rbalan¢es. ¢ont¢x2l explordtions and understandkng and unpackin8 the themes of the pcrfonnanc¢. IAX)kiD8 ahead to our 25126 delivery, the two show5 we will pr¢1 will be led by Nonsuch SttLdios' 8rtistic team and be earty devclopments of new Nonsllch Studi05' slw5 in¢rtdibly excillng offer and ¢hans a major Mileone in our organisationaE development post v¢nuwpK0ns seeiD8 U5 be able to expand upon our charithble airn5 and objectives. In preparnion for th¢ development of these sb)ws. 11 be r]8 a rattge of worksIp$ in s¢hools over Sunknner 2025 to hear young voico and ideas on what they w4at to see in these piece5. TAKEOVER In 2023124 we Concluded the TAKEOVER YouDg Volunteers S¢h¢me Captiva* and Inspire Culture. But in 2024125 we have colnUed this partnership working and were su¢¢essful with fund5 from the UK Shared Prosperity Fund to prodwe another edition of the TAKEOVER Festival in MaDsfield ID March 2025, continuiog our tole festival producer ill the largest YOU1 festival in the E&st Midlands. Nonsuch Swdios. rol¢ &8 festival produttr Saw us Work with 10 cohorts of young-¢reatives (who wer¢ in njm workin8 with artists aTMI ¢reatives on projects) as 11 as a team of YOW Festival Volunteers to tske over Fd larg¢ disused shop in the Four Seasons Shopping Centre in Mansfield and transfomi it into the festival Venue. Pag¢ 6
Nonsucb Theatre Limitwl Trnstees Report •We programmed local artists alIVe5 for the TAKEOVER STAGE which was ID the ¢etttre of the Shopping Centre Ma]1 Concourse •The total festival reh¢o an audie¢ of 2475 which att ill¢$e of 1200 on the first year of the frstival. AT THE BANDsfAND Nonsuch Swdi05 were succcssfirl irt being awarded funds from Historic England 85 part of their WoTking Clasg Heritage fund io pdUce a projecl explorillg the social aTKI ¢uityral history ol the Victoria Embankment Bd$land ID Notiin8kn. . This Iwation was selected as a venue that NoTrwch Studios Iwve a history of wY)rknD8 in, h8vitig be the site for OL5r NonsUCh-Trent Fe51iva] - a covid-5af¢ outdoor perfornwice venue over 3 weeks in Au8USt 2021. At The Bandstand.. 80 Year5 of Story fo¢ussed on reinlning what the b8ndstsnd ealh be used foT. exploring its rolc as a local and ¢ultural landmark and how its hi5knry and heritsge Can help galvanise community and professional organisaiions to Shape its firture as 8 cultural space. Working with a ¢reative heritage fa¢ilitrwr estab]i5hed a of local-b¢rita8c enthusiasts The Bandstsnd Archivists who ¢ollaborated to record so¢ial and oral historie5. intrrviewtd ffsidents and bands who presented their rinding5 in a touring exhibition. The exhibition that was Creed presented at both Notttngham Central LiTr+r8ry and The MeoWS Library. both for a two-week period and had over 9000 visilor5. . A5 Pprt of the celebrnion ofthe Bands1 we prodwed Pw #t The B8lldSt- a Comrnunity cclebrntion event thai brought together over 1,449 audieDce aDd participants to feed into thc project and experience the bandstand a5 Inusic and perfoA¥ll¢e venu¢. This day-event particularly sucf and important for th¢ local ¢ommunity it was the only free event happening at the Bandsta1 for the whole yw- provin8 the challenges that public veDue5 face in the curYeDt xow. ASHFIELD CREATES In 2023124 Non5ucb sd10s started wY)rkin8 in a consultsn¢y Capxty Ashfield Distri¢t Council to develop and fidraISe for atl Arts Council England Place Partncr5hap Funding Bid - a strategic lin¢ of fimding to 5UPPOrt Arts Coun¢il's Priority Places- which Athfield District had been id¢t)tified &$ in 2021. In Summer 2024 il w&s announced that the bid had bn suxessfvl and £lmil]ion been secured by Ashfield District Council to supp)rt a three year programrne of to dr¥mati¢ally increase and Msthin the arts and culbjral offer in A5hfield. To kick-start Ashfield Crcate5. Nonsu¢h Stydios al¢)n85id¢ a numb¢r of other members of the A5hfi¢ld Arts Parnership underwok pr¢liminary engdgcTheTrt a¢tivities with communities across Ashfield itt order to b¢gJn the ¢o-creation and CdeSign pr¢s$ of the progr8mme. In this hosted 12 cornmunity and artist-focussed workshops, delivered a public engagement survey 8nd Sponed the creation of a Culttwol Strategy for A5bfield - the first time the district has had swh a documenL A public tendering PTDC¢SS opetted by A5hfield Distrid Council in Novcmber 2024 to appotnt a projeci management organisation for the Ashfield Cr¢at¢$ projcct 8nd Nonsuch Studios successful in being awarded thi5. Proj¢d management Tespon5ibilitics commenc¢d in February 2025 ahead of forEtLal delivery Starting in June 2025. The Ashfield CTeate5 prograrnme will see Nonsuch Studi05 cwrdititite events, progrwnme5, OpportiltieS and activities that will reach over 157,700 live allence memtr& I6.0( participaDts and work wtth over 750 voluDte¢rs, creatives and artists. The se¢uring of this delivery wntra¢t is a hu8¢ tnarker in Nonsu¢h Studios. bu5ill¢Ss transition and will see US 8row dramaii¢ally in 2025126 with funds securing the growth of our team, providing manwent Costs and facilitating new delivery ¢apa¢ity for our wwk. P4e7
Nonsuch Theatre Limited Trnsteeg Report STACE THE crry Over the course of 2024125 the Nonsu¢h Studi05 team began to reimagine our relationship with the city of Nottingham following the end of our venue operntions and Iked to develop a new way of working in the city that built on p&%t relationships and fOCed on the ¢r¢aiive and community &spects of our pr¥ti¢e. Sts8e The City was therefore devised a new programme would see LLS work with local communities in thr¢¢ wards of the City wher¢ we had strong CODTKdiolls.. Sneinton (close to old venue premi5e5), BU]11 (wh¢r¢ we delivered a thc Wondcr Woods pTo8rarnme Preid) The Mea$kn OK)me of both NoDsurh ott Trent Festival and At the Bandsnd projertl. • At the end of 2024125 we were su¢5Sfi in bein8 awatded £IS0.1)c from Esmee Fairbairn FourthD to bring this Projert to lif4 with an anti¢ipatrd swt dats of June 2025. RECULAR CLASS PROGRAMME Through the year we ¢ontinued ts run our longThStsndJg regular class PfQ8TamtDe and successfiY transitioned our programme from our OWTL venue to new l(KatioDs amss Noitillgbam City Centre. Nonsuch Young Compally- we¢kJy yoth theatre for agcs 5-9 Home Rangers - ckdaY youth theatre aDd creatiyc xtivity sessions for the home edated community aged 5-13. Script Read¢rs- a wtekly Script reading up HOLIDAY ACTI FUND (HAF) . Working with MetrO)Ilta[I Tham¢5 Valley Ho10& Nosuch Sti105 produrcd 3 weeks of Holiday Aclivity for yow peopl¢ WIDER COMMUNITY PARTNERSHIPS Nonsuch Studios remained a key partDer of both Cb8lleNGe and Captivate Culturat Education Partncr5hips, working extensively with schoo]s and ¢biidr¢n and yo18 people acw55 Nthtitigham City. A5hfield and MaDsfield respectively. Page 8
Nonsuch Theatre Limited Trustees Report Financigl Review Across 2024125 Nonsueh Studi05 Boar(L ScDior Team aThJ Stsff worked to continue the work esthbliSh in 2023124 in changing and reorienting the charity'5 busine55 Model followit)g the ending of venuc opcrdtions at 92 LA)wer Parliament Street. Ov¢r the course of 2024n5 the d¢¢isions tskeD in the previous financial year continued to prove thcntselves to be the ¢one¢t one5. with the organisations financial health CODtÉnuiDg to improve ond or8anisational capacity frecd up droaticallY w focus on the ncces5ary fiuthising and d¢Yelgptthent work required maximise the opportwiities pr¢sented by this shill attd focus whol¢heart¢dly on projccts meet and our charitable purposes. It's also worth noting that whi15t the fll1al pictw¢ for Non5uch Sbjdios ¢ontinu¢s to improve, the operatkonal environmcnt ¢ontinues to be a diffiruh one with the inwct of iDfi&titsn affe¢tin8 th¢ costs of PrJuCtion and delivery. and comp¢tition for 8TaDt funding remaining a key risk in the kng terni. Throughout this year, the focus has been on the ¢on501idation of tsur aTrJ inv¢51m¢nt of time in busine development. fimdr8isin8 arml changing our business plan. A5 such the organisation has rem¥ined frugal in our expenditure beyond designaied PToject costs and maintsined a Sm1 stsff team (3.6FfE) and established a Iow-wst ad ly)c busin¢ss prerni5es model with Iow•COSt offi¢¢ spaL% attd ad tr¢ hires for studio and Storage space. Oyeratl incom¢ for the year is £319,686 compared tsy £403.101. Over the wutse of the financial yeaT doftations And grani income Teduced to £115.712 rnpartd to l&st year £250.921 mainly due to r¢duced 8overnrnerrt and ¢otnmunity 8rants. However last year incom¢ includes charitable and trJing income su¢h ¥$ income from kitchen and caierin8, Studio hire rclated to Icasehold prmises operated in last ye. Expenses for th¢ year is £195.044 compared io last year £509.612. last yetr expenses included rent. rate5 and maintenan¢e expenses in relation to 92 Lower Parliameni Street WLtiI the charity rnved out from the buildin8 in January 2024. Al$0 included in last year expenses is th¢ loss on le1]01d irnprovements of £105,890 on 92 IA>wer PaTliarneTrt Street. With th¢ reduced activities. Staff costs w¢r¢ reduced to £90.485 frorn £204,314. The over1 result h&5 been an opernting swplu5 of £124.642 wmpartd to the deficit of £106,511 in 2024. The total funds that caThy forward to 2025ll6 is Iiegativ¢ £21,385. Thi5 consists of negative unr¢stri¢t¢d fimd5 of £53.252 and r¢stri¢ted fimds of £31,867. The Tru5tces are aware of and approve this newive res¢rves b21aDce aDd nots the preth)minant fa¢tor in thts negative P05Ltion in the unrestricted acCOt l5 the presence of a number of IA)ans held by the organisation. Comprisin8 one 50cial inves¢m¢nt loan {relatin8 to venue opcralions) and one c0vid-tynce back loan the current repayment balance of £100.891 has budgeted repayments and is factorcd into the organisations futs¢ firwJ¢ial plannin8. Other crcditOTS at the year end point he cleaT route5 to cleaT*ll¢¢ in QI of 2025126 given the succe55 of funding bids. The ¢urrent poli¢y of the TrStee5 is to grow unrestri¢t¢d res¢rves equivalent to thrcc month$ redu¢¢d openting osts. At th¢ ¢nd of this year. 3 month5 of opcrating Costs Mt)uld set th¢ reserves level at £48.000. A5 the or8ani5ation grows in the ¢omin8 year due to wider dclivery (PaTti¢ularly from Ashfield Creates) this figure will incre&8e to approximately £86.000. Our iaTg¢t is io wntribute £21,500 per year to this 8moullt over the coming 4 fJnan¢ial years and will be reviewed t¢gular]y. In 2024125 w¢ submitt¢d our fw5r Theatre Tax Relief claim for the produ¢iion of OUTLAWED in 2023. tbis bught in over £16.C4)O the organisation that helped secure the venue transilioJ4 and we hop¢ in the fijture further levern8e creative t&x relief a5 the main method through which we can rebuild our r¢s¢rves l¢Y¢l- ¢$pe¢iaUy wnsideriD8 th¢ increL8e in pmduced wyjtk we hope ts fulfill in the future. Pa8e 9
Nonsuch TheY4tre Limited Truxtees Report Tnjstees remain confident in th¢ resiliente of Nonsucb StLbJios as a going wttcern, especially Since overwming very challen8in8 cirrum51an£¢$ and att anticipated and apprvv¢d deficit in 2023124. As prf of this the finan¢iaJ picture achieved by the end of 2024125 slKwT clear and marked progress in enabliti8 the SU5Lainability of the organisation and evidence that the alOn$ taken in the past h&v¢ led tc the stsrt of positive imp#¢ts in the ac¢ounts. ¥Tri15t the fiTwn¢ial position improved Silficant1y, it IS Still imFKJrtaDt to tte the Current overdrawil Frfjsition reached at the end of th¢ finan¢iai year. Thi5 fi8ure ts 5]lficantIY 1¢55 than at the end of the previous financial year and we exyect thi5 to further improve over the course of the 2025126 f1ala1 year the results of the work on fundraising ond pro8r8tDme development wmes to fruition. As part of the orgaDisatiOtt'$ drive for future su5tainknilty there will always need to be a clear focus on the d¢v¢lopment of unrc51riGI funding and the covering of core opernionai ¢osts thin any restricted project fimding to eD5ure the daY.tY otmtiC4L5 of thE ¢harity ar¢ nIntried. The Trustee5 colnue th monitor th¢ financial health of the organisalion c105ely. rnertillg regularly to ¢nsllre fundraising and income generating t8r8ets are being tnet aDd provid¢ addttional support to the staffing team where n¢ce5sary. Trusttts ar¢ updat¢d quarterly order to A5%55 Pmy risks that may arise due to potential reduction in FuDdrAising xchievtments Nonsuch Studios have be8un lo see Clear tiCk3 in our fundr8isillg effort5 over the course of 2024125. ltsspire CulturHI L¢8rning and Librarie5 continued to be a key parkner in filnding Nonsuch sdi0 io deliver the Takeover ptojed alollgsid¢ wider Work for the Captivatr Cultutal Education Partner5Illp. H"LStori¢ England Ba¢ksta8e Trust re new fimders in this fuwicial year with Arf5 CcrtuKil contiDUiD8 to be a kcy supporter of ow ¢r¢8tive work Our Telationship Ashfield Distri¢t Council h&$ owll a1 our appointtnent &$ the Programme Monagets of Ashfi¢ld Create5 will See us Maage a £1.2million prorn until Autrjnw 2027 with £969,0 of thY4t secured tbrough delivery contract. Key *re considered ts be: . The conlinued redevelopment of the Organisl0n business Trymkl the need to continually increas¢ fjjndraised income for Core organisational costs and COTnmer¢ial income to reduce the reliance of th¢s¢ costs on fijnding. - EnsiJrin8 the Nonsuch sd10s team has the capacities S+pOrt deliver all elements of the prOamMe and workload effectivety. . To wntinue to fundraisc. lev¢rage incomc WMI build donations in order to Tnove the organisation to build up fre¢ Teserves levels. All trustees and senior tDanagement wrk together to orgaDisaiional risk re8i5ter whicb is reviewed and updated regularly at Tnlee board meetin85 with a¢tiODS minuted and implemcnta b) mitigat¢ any potential ri5k5. P88e 10
NoDsuch Theatre Limited Trnstees Report St8tement oftrnstees. r¢sponsibi]ities Th¢ trustees {who are a150 the dire¢tors of NoDsuch Theatre Limit¢d for the purposes of compaDy law) are responsible for preparing the tru5tec5' reF ond th¢ flnancial ststements in acrdanCe with applicable law and United Kingdom Actowiting Standards (United Kingdom G¢n¢rally Accepted Accounting Prn¢ti¢e), including FRS 102 "The Financial Rrporting Sthndard applicable in the UK #nd Republic of I13nd.. Company law requires the tru5tec5 to prepare finan¢iaJ statements for eath financial year. Under company law the tnjstees must not approve the fi[wl81 statetnents unless they ar¢ satisfied that they give a tNe and fair vi¢w of the slate of affairs of the ctmritable company and of the incoming Tes0U¢S and applÉcalion of re50ur¢¢s. in¢ludin8 its income and ¢xp¢nditure. of the cbaTitsble Company for that period. In preparin8 the5c financial stym¢nts, the tru5tEC5 are required to.. sel¢¢t suitable ac¢ouniing p)lici¢s and appty them ¢onsist¢ntly. observe the methods and principles in the Ckwities SORP.. make judgements and estimtS that are renable and pruden¢ State whdhcr applirable a¢counting staDdard% Comprising FRS 102 have been followed. subjed to any materi81 departure5 disclosed and explained in the financi sthments; and prepare the fanCIal statements on the going concern basis uttless it is inappropriate to presume that th¢ charitable company will continue in busin¢s5. The tnjstees are responsible for keeping proper ac¢ouMing r¢cord5 that caD dtsclose with ¥S0nable accuracy at any time the finan¢ia] position of the charithbl¢ ¢ompany and enable them to ¢n5we that the fan¢la1 statements cornpty with the Companies Art 2006. They are also resp005ible for Safeguarding the wets of the charitable company and hence for taking reasonable sieps for the prcyention and detedion of fraud and other irr¢glllaritie5. The tte¢S ar¢ responsible for the mainienaDce znd InteIty of the Corporate and financial itifom)ation included on the charitsble ¢ompany's website. Legislation Bovernin8 the PparatiOn and dissemi0 of financial Mat¢m¢nts may differ from legislation in other jurisdictions. The annual r¢tKJrt wa5 approved by the truskes of the Cbarity on 16 De¢¢mber 2025 and signed on its behalf by.. Ca/Aenii¢ Chair Page li
Nonsuch Theatre Limited Independent Emiller,5 Report to tbe trustees of Non$uth Theatre Limited ('the Company,) I report to the CIMrity tntsttts on my exami0 of the of the Company for th¢ year ended 3 1 March 2025. Responsibilities 815 of report A5 the Charity'5 trustees of the Company (and dso its directors for the pryses of company law) you are responsibl¢ for the pr¢par&tion of the accounts in aceordatte with the requirements of the Companies Act 2006 ('the 2(N)6 A¢t'). Havin8 satisfied myself that the accounts of thc Company a Mt requited to be #j1t¢d under Part 16 of the 2006 Act and are eligible for ind¢p¢ndent exami[0 I TCPOrt in respect of my examination of your Chariry's aut5 as ¢Ti¢d out under 5Xtion 145 of th¢ Clwities Ath 2011 ('the 2011 Aa.). En WiDg out my examinatiott I have followed th¢ Directions 8iven by the Charity conun110ll utbkn sedion 145(5Xbl of the 2011 Act. IDdepeDdettt emminer's stxt¢m¢nt Sin¢e the Compan5 gross income ex¢eeded £250.0 your examiner must be a member of a Ix>dy listed in section 145 of the 2011 Act. I confitm that I am qualffied to undeTtske the cxamtttatson because I am a member of , which is one of the listed bodi¢5. I bavE completed my examiDation. I confirni that no mott¢Ts have come to my attention in COt¢¢t10ft with the examination givitsg me ¢aus¢ believe". . acwurtting re¢ords were not kept in re5PC¢t of Theatre Limited as rcquired by seaion 386 of th¢ 2006 A¢¢ or 2. the accounts do th)t accoyd with those records" or 3. the accounts do not mPlY the &¢ouniing requirements of s¢¢tion 396 of the 2006 Acl other than any requirement that the acCOts give 8 'true snd fair view wbich is not a matter considered a5 Part of an ind¢pendent examination" or 4. the a¢counts have not been prepfired in w1d8e the metlvyJ$ and prin¢ipl¢s of the Statement of RQMMended Practice for accouthting and reporting by charitie5 [appli¢able io ¢hariti¢s pr¢parin8 their accounts in accordance with the Fina181 Reporting StaDdard applicable in the UK #Thd Republic of Ireland (FRS 102)]. I have no concerns and have come a¢$S no other matters in connection with the ex8min8tion to wbi¢h attention hould be drawn in this report in order to enable a proper undeTStsnding of the accounts be reached. N Bonnello FCA Northgate Hoe North Gat¢ New Basford Noitingham NG7 7BQ 16 December 2025 Pa8e 12
Nonsu¢h Theatre Limited Statement of Finan¢i81 Activities for the Year Ended 31 March 2025 ncluding Income and ExpeDditure Account and StatemeDt of Total Recogniged Gains and Lthses) Unrestricted Restri¢t¢d rwids Totsl 2025 Ntste Incozne Ind Endowm¢nts from: Donation5 and legacies Charitable activities Investment income 27,655 203,916 58 88.057 115,712 203,916 58 Totsi incorne 231,629 88.057 319,686 EipetsdAtur¢ on: Charitable activitie$ 109,079) 85,965 (195.044) Total exp¢nditi Nei incom¢ (109.079) 185,965 195,044 122.550 2.092 124,642 Net movement in furtds 122.550 2.092 124.642 Reconcili*tion of fwids Tothl funds brought forward (175.802) 29.775 146,027) Totsl fimds ¢aTried forward 22 53252 31.867 21,385 Page 13
Nonsuch Theatre Limited Statement of FiDaneial Aetivities for tbe Year Ended 31 March 2025 Un¢ludiDg Income and Expenditure A¢U0t and Statement of Total Reeognised Gains alld Losses) Unrestricted funds Restricted fTwds Total 2024 Nott Income gDd Endowments from: Donations and legacie5 Charitable a¢tiviti¢s Other trading a1VItieS Inve5tttLent income Other income 123.779 94,713 39,501 2.689 8,077 127,142 7200 250.921 101,913 39.501 2,689 8,077 268.759 134,342 403.101 Exp¢Jdithre OD: Raisin8 fimds Charitable a¢tiviti¢8 (18,5441 (344.466) (3) (146,599) (18,547) (491,0651 Total expenditur¢ (363.010 (146.602) (509.612) Net eywditUfE 94251) 112.260 106,511 Net m0vent in fiu (94251) {12,260} (106,5111 Reconciligtion of fund5 Total fillkd5 brought for4ward 81,551) 42,035 39,516 Tots] fimds carri¢d forward 22 175,802 29.775 146,027 l of the CbaTity'i activities derive from continuing operations dwitig the aiM)ve twYJ periods. PaBe 14
Nonsueh Theatre Limited (Regiitration number: 08821450) Balance Sheet at 31 March 2025 2025 2024 Ntst¢ Fixed s5ets Tangible Investyn¢nts 15 16 11.736 1,222 11,737 1.223 Current 55ets DebtOf5 Cash at bank snd in h8Dd 17 18 154230 413 36.426 283 154,643 36,709 Creditors: Amounts fllittg due within one ymr 19 113.279 98,364 Ntt current assttsl(IiAbilities) 41.364 61,655) Tot81 usets less currtnt liAbiliti 53.101 (60,432) Creditorg: Amounts fllinK dut #fter mor¢ than one 20 74.486 85,595 N¢t liabilities 21.385 146,02 Funth ofihe Cbarity: Res¢ri£ted income funds Restheted funds 22 31.867 29,775 Unrestriet¢d income fuDds Unrestricted funds 153.252) 175,8021 Totsl fuDds 22 21,385 146,027 For the fmancia] year endin8 31 Marrh 2025 the Charity m thttitled to ¢x¢rnptiOD from alIt under section 477 of the Companies Act 2006 r¢latin8 lo sma]I compoDies. DirKttsTS' r¢sponsibilitics'. The member5 have not requir¢d the Charity kn obtsiffj sn audit of its counts for the Y in question accordance with section 476. and The directors acknowledge their responsibililie$ for ¢oD]plyiD8 with the requirements of th¢ Act with respect to ounting rttords and the preparation of xcounts. Pw15
Non8ueh Theatre Limited (Registration Dumber: 08821450) Balance Sheet w at 31 March 2025 Th¢ finatKiai staternents on pages 13 ty 30 were appToved by the InLStees. and authorised for issue on 16 December 2025 and SigTLed on their behalf by.. Chair Page lfj
Nonsuch Theatre Limited Notes to the Financial Statements for the Year Ended 31 March 2025 I Chlrity gt•tus The Charity i5 limited by guatantee, incorwjrated in Engiajyj & Wales, and consequcntty does not have sha ¢apital. Each of the trustees is liable io contribute an not ex¢eedin8 £1 towards thc assets of the Charity in th¢ eveni of liquidalion. The address of its registered office 15.. D-Floor Broadway Cinema 14-18 Broad Street Nottingham NGI 3AL 2 Accountitig polities Summiry of signifiexnt aecouDtiDg policie5 #Dd key iccrJuntiDg estimates Th¢ principal accounting poli¢ies applied in the preparation of these financial staterntnts arr set out below. Th¢5e policies have bttn con5isiently applied to ail the ycars PTesented. unless otherwise stht¢d. StRttmtnt of compliaN¢t Th¢ financial statements have bc¢n pr¢pat¢d in accordaDc¢ with A¢¢ountin8 and Reportin8 by Charities.. Statllent of Recommended Practice (applicable to charities preparing their aceounts in accordan¢e with the Financial R¢porting Standard applicable in the UK and R¢public of Ireland IFRS 10211 (issL in October 2019) - {Charities SORP IFRS 102)), the Financial RetM)rtin8 Standard applicable in the UK #nd Republic of Ireland (FRS 102) and the Cotnpanies A¢t 2006. Basis of prepArxtio Non5u¢h Theatr¢ Limited rnerts the definition of a publi¢ benefii entity under FBS 102. Assets and liabilities are initially recognis¢d ai historical w5t or Innsaction v4luc unl$ Oth¢rse 5thted in the rel¢vant accounting policy note5. Going ¢oDcern The trustees consider that there are no Men01 uThcertaintie5 about the Charity$ ability to continue as a going Concern nor any significant treas of wi¢ertainty that affect the ¢arrying value of assets held by the Charity. Exemption from preparing * e•$b ljovl statemetst The Charity opted io early adopt Bulletin I published on 2 February 2016 and have therefott not iD¢luded a c&%h flow stsi¢m¢nt in these fina1&1 stst¢ments. Income ind endowmtnts Ail incom¢ is recolSed once the Charity h&8 entitlement ty th¢ itKome. it is probable that the inwme will be received and th¢ amount of the inGome r¢¢¢iv8ble ¢aD be measured r¢liably. Py17
Nonsuch Theatre Limited Notes to the FinaD¢ial Statements for the Year Ended 31 March 2025 Donalions ¢wnd le84¢1 Donations ore recoyJi5ed when the Charity has been notified in WTiting of both the amount and settlement date. In the event that a donation 15 subject to conditions thai require a level ol perfomw)¢e by the Charity beforc thr Clwity is ¢ntitled to the fullds. the income is deferred and wt recogThised until either those ndItIONS ar¢ fvlly met, or th¢ rlfi]ment of those coDditions is wlM)Ily within the ¢ontrol of th¢ Charity and il is probable thAt these conditions will be fiLlfLllcd in the reporting period. receivoble Gratlts are rewgnis¢d wh¢n the Charity has ath ¢ntit]¢m¢nt 10 the fimds and any conditions link¢d to the gr8nts have been mel. Vlh¢r¢ p¢rfomwJce conditions #re atts¢h¢d to the &Tant and are yet kn be mel the income is recognised &$ a liability and included on the balance sheet deferred incom¢ to be rele. Deferredillco•Ne Deferred inctsme r¢pr¢s¢nts amounts received for futtty¢ p¢riods and is reled to incoming reg)ur¢es in the period for wbiel it has been r¢¢¢iwed. Such income is Only dcfeTr¢d when.. - The donor specifics that the grant or donatioD must only be used in full¢ a¢counting periods: or - The donor h&$ irnTM)sed conditions whi¢h m1 be met befo the Clwity Iw CondillOnal entitlement. Imvulmentincome Dividends are recognised on¢¢ th¢ dividend been decId nlfi¢atIon h&s been received of the dividEnd due. Expenditure Ail expendÉture is regniSed (bnce there 15 a legal or consttvctive obligation to that expenditure. Lt is probabl¢ Settlement i5 required and the anM)Unt can be rneasured reiiobly. All eo$ts are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs catsnot be diredy attributed to particular headings they have b¢en allocated on a b&sis cOn5iSte wtth the Use of resources. with centrdl Staff costs allocated on the b&si5 of titne spettL atsd depre¢iation charges allocatcd on the portion of the 85S¢t's use. Other 5UPPOrt cosLs are allocated b&%ed on the 5pr¢&l of stsff costs. These are costs incurred in attracting volunwy income. the rnanagement of investments and those incurred in trading activities that raise funds. ChorilÈTble Qaivilies Charitsble expendifure ¢ompri5es those costs incurred by the Chrity in th¢ delivery of its actiYitie5 and 5ervL¢e5 for its beneficiaries. It includes both costs that be allocated directly to such activitie$ and th(Ke cort8 of an indirect nattire Decessary to support thern. Governanee costs These in¢lude the c(Trsts attributable to the Chartty's compliance tb con5titutsonal and sthwtory requirements, including audiL sifdtegi¢ management and trustees rneetitigs and r¢imbursed expeTLse5. Page 18
Nonsuch Theatre Limited Notes lo the Financial Statements for the Year Ended 31 March 2025 Government ErgDts Govertlln¢nt grant$ r¢cognised bd on the aGcnl Tnodel and are measured at the fair vaiuc of the a55et received or receivable. Gnnts ¢ ¢18ssifi¢d as relating either to r¢venu¢ or 10 assets. Grants relatin8 to revenue are re¢ognised in incorne over the p¢riod in which the lated costs are r¢wgni$¢d. Grat)ts relatin8 to &$5ets are r¢cognised over the expected usefut lif¢ of the a¢1. Where part of a 8Tant relating to an asset 1$ d¢ferred, it is r¢cognised as deferred income. Taxation The Charity is con5iderEd to pass the tests set out Paragraph I Schcdule 6 of the Finance Act 2010 and thercfore it meets the definition of a charitable company for UK TporatiOn tLX purwses. A¢¢ordingly, the Charity is potentially exernpt frorn taxation in sPeCt of incornc or capitsl gains re¢¢ived within categories covered by Chapter 3 Part I l of the Coryoration T&x Act 2010 or Se¢tion 256 of the TLUtion of Ch8Tg¢able Gatns Act 1992. to the extent that such income or gains are applied exclusively ch8Titable purp05e5. T8IIEible flled 955ets IndiWdu red &sset5 are initially recordeA at cos( les5 any subsequent aUmulat depreciation and subs¢qu¢nt accumulated lmpalrnnt losses. Depreci#tion and morti5atiott DeprjatIOn is prnvided on tsngibl¢ red assets so as to write off the wst or Valuatio 1¢55 any eStim¢d residual value. over their expectcd useful e¢onomi¢ life as (DI10= BusineyJ towbin8tions Bllsines5 Cotnbinalions ar¢ accountrd for under the purchase method. Wh¢r¢ necessary. adjustments ar¢ made to the financial statements of subsidiaries to bring thr a¢£owitjTh8 policics used iTrto line with tknse used by the Ch8riry. All intra-group trdnsactions. balan¢¢s, income and expenses ar¢ eliminated on Consolidalion. In ace<)rd8nce with S¢¢tion 35 of FRS 102, Se¢tion 19 of FRS 102 has Th)t been applied in these finwKial Statements in resp¢ct of business ¢ombination5 effected prbor to the date of tsan$iiion. Fixed ¥sset investments Fixed asset investtnents, other than programnw related iDYc5knents, are included * market value at the balanc¢ $h¢¢i date. Reali5ed gains and losses on invr5knents are ca]culated as the difference between Sales proceeds and their tnaTk¢t value at the start of the year. or their subs¢qu¢nt COsL and charged or credited to th¢ Ststement of Financial Athivities in the peri(Ml tsf dispos81. Unrealised gain5 and losses r¢pre5ent the rnovemem in markct vaiucs during th¢ year and are credid or ¢harged to the Siatement of Financial A¢tiYities ba5cd on the market value at thc year end. Pa8e 19
NoDSUth Theatre Limited Notes to the FiDaneial Statements for the YeAr Eoded 31 March 2025 Tr8de debtorj Trade debtots ar¢ amou[ due from cuslomers for mercbaThlis¢ sold or services perforJn¢d in the ordinary course of busine55. Trade debtor5 ar¢ r¢cognised initially at th¢ traDsactioD price. They are 5ub5equently measured at arnorti5ed (x)st using the effective inter¢st method. less provision for impainncnt. A provision for the impaimient of trade debtors is established when there is objective evidence thai the Charity will not be able to collect all anjounts due acwrding to the original ternhs of the receivables. Casb tsd usb equivleDts Cash and c&sh eqUi¢ts comprise cash on hand and call deposits. and other short-lenn highly liquid iovestsnents th8t are readily conv¢rtibl¢ to a knowil amount of ¢h and art subjcrt to an insignificant risk of chpmg¢ in value. Trnde creditor5 Trade creditors are obligations to pay for goods or services thai h8ve been acquired in the oidin8ry course of busines5 from suppli¢TS. Accounts payable att classified current liabilities if the Charity does not have an un¢onditionai rigFLL at the end of the reporting period, w defrr settlement of the crediior for le&8t twelve months after the reportin8 date. If there is an unconditional right to defrr 5ettlernent for at least ¢w¢lve months after the reponing date. they are presented &8 Mn-current liabiliti¢s. Trade Creditors are reco8Di5ed imlially at the tr2Etion pri¢¢ and subsequently measured at amortised cost using the effertiY¢ interest rnethod. Borrowin Interest-bearin8 F)rrOwing5 are irtili]y Tec(Jrded ai fair value. nct of ttansathion cosLs. lDteSt-b¢arLnB borrowings are subsequently carried at amortised m %*ith the dIfFeree bchY¢¢n the proceed5, net of transaction costs. and th¢ mount due on r¢demption beitlg recogni5cd os a charge to the Statement of Finan¢iai Activitie5 over the period of the relevant EKJrrowing. Interest expense is recognis¢d OD the b&sis of the effective inte1 metlKMI and ts included ID int¢r¢st payable and similar Cha5. Born)wing5 are ¢lassifi¢d as current liabilities unlcs5 th¢ Chatiry has an uDconditional right to defrr 5ctt]¢ment of the liability for at leth twelve months after the rertIng date. FuDd structure Unrestricted income gelleTri fimds that are available for use at the trustees discretion in firtherdnce of the objectives of the Charity. Restricted incottte funds those donat¢d for in a particutsr area or for specific purposes. the of which L5 restricted to that area or PUTW)se. Page 20
Nonsuch Thegtre Limited Notes to the Finatteial Statements for the Year Ended 31 March 2025 PeD5iOn5 xnd oiher pom retiren)ent obiiytions The Charity operates a d¢fined contribution pension hem¢ which is a pension plan UDder which fixed contributions are paid inio a pension fid and the Clwity has th) legal or ¢onstructive obligation lo pay further ¢ontributions even if the fimd do¢$ t)ot hold suffieient a55ets to pay a]1 ¢mploy¢¢$ the benefits rclating to ¢mploye¢ service in the current and prior periods. Contributions defined contribution plans are re¢o8nised in the Statement of Finan¢ia] Activitie5 when they are due. If Ctsntribution payTh¢Dts exceed the contribution due for Service. the excess is recogni5¢d a prepaymenL Financial assets and fiDaneial liabiliiies are r¢¢ognis¢d wlwh the Cbarity becomes a pany to the contractual provisions of the instrument. Financial liabilities and Equity instnEm¢nts art clas51fi according to th¢ Substance of the contra¢tsJal arTangements entered into. An equity instrument is contract that ¢VIde a Tesidua] interest in the &ssets of the Charity after deducting ail of its liabillties. 3 Income from donations #nd legacies Unre5triet•JJ funds Generl Restricted funds Tot1 202S Donations and lecle$- Donation5 from individuals Grants, includin8 grants. Government 8Tants Grants from other clwitie5 801 801 51.377 36.680 51.377 63,534 26,554 27.655 88,057 115.712 Unrestrieted ReJtrirted fuDds Trjtal 2024 Ge¢1•] Donation5 legacies" tk)nations from individuals Grants. including capilal . &)vernment 8fdnts Grant5 from oiher ¢hariti¢5 24,515 24.515 32.714 66.550 79,5¢JO 47,642 112,214 114.192 123,779 127.142 250.921 Pa8e21
Nonsuch Theatre Limited Notes to the Financial Ststements for the Year Ended 31 March 2025 4 Income from charitsble adiviti¢s Unrestri¢t¢d Tot¥1 2025 General Communty & edu¢*ioD Studio hire Ptrforman¢¢ aDd events Consultancy & event management 25.437 1.777 3,489 173,213 25,437 1,777 3,489 173.213 203,916 203,916 UnreJtrirted fund5 Gèner#1 Restritted funds Total 2024 Communty & education Studio hire P¢rfornJance 8j SubscripiioDS 14.512 50,245 29.616 340 7,200 21,712 50.245 29.616 340 94.713 7,200 101.913 S Income from other tnding gclivitigs 6 Investment ineome UDTeStri¢t¢d Dds GeDer¥l Totsl 2025 Total 2024 Interest receivable and similar iThcome- Int¢r¢5t receivable on bank deposits 58 58 2,689 7 Otber in¢ome Totxl 2Q25 Tota 1024 (hbtr itteom¢ Gift aid claimed Insurance claim re¢eiv¢d 5.167 2.910 8.077 Pa8e 22
Nonsucb Theatre Limited Not to the Financial Statements for the Year Ended 31 March 2025 8 Eipenditurt on rnisillg funds i) Costs of tr8dillg &ctivitKs Totsl 2025 Total 2024 Note Kitchen and food supplies 18,547 18,547 9 EspendItre rjn charitable actiyitwj Ur¢Stricted fun Gener•1 Restritted funds Tot81 2025 Communty & educaiion PerforniaThce and events Rates and water Rent LL8ht and heat Insurance Telephone & Internet Office exp¢nse5 Cotnputer and software Printin8 and 5tatioiiary Licence and 5ub%riptions G¢neral expen5e5 Cle18 seThice5 Travelling expense5 Advertising & Marketing Eniertainmeni Consulting Lcgal ¢xpenses Bank ¢harges and interest Depreciation Siaff costs 12,284 19.958 830 3.190 1.625 10,663 13,909 30,621 830 3,538 1.109 3.231 2.056 22 5,333 1,750 1.033 948 14461 2.242 3,927 780 10.835 346 14.398 4.802 90,485 348 3231 2.056 22 5 J33 1.737 1.033 629 (446) 2.102 3,329 780 10,835 346 14,398 1.837 21,191 13 319 140 598 2.965 69.294 105.784 85,965 191,749 Page 23
Nonsucb Theatre Limited Notes to the FinaDcial Ststements for the Year Ended 31 March 2025 UDregtri¢ted funds Gentrxl Rtttricted fllDds Totgl 2024 Communty & ¢dllcatio PerfonnaDE¢ and ev¢nts Rate5 and water ReTJI Light and h¢at Insur¢ Repairs and maintenance Telephone & Internet Office expenses Computer and software Printing and stationary Lic¢nce and subscriptions Cleanin8 5ervice5 Travelling expenses Advertising & Marketing Ent£rtaiiimeDt Consulting Legal expenses Bank ¢harges and interest Depr¢¢iation Staff ¢osts Loss on di5pKssal of property improvements 4.614 44.537 2,889 25.436 10.261 8.151 3.166 3.783 960 4.733 2 J23 2.175 3,764 4.725 5.924 755 8.OlJ) 1217 14,962 1201 107.420 79,948 133 16,094 4.747 60.631 2.889 25,436 10.261 8.151 3.166 3,783 960 4.733 2.323 2,223 3,764 4,838 7,976 755 13.500 1.217 14.962 1,201 204.134 105,890 48 2,052 5,500 96.714 25.942 340.944 146.596 487,540 In addtti¢)n b) the expenditure analy5ed tb)ve, there are a150 goveman¢e costs of £3295 (2024 - £3.525) whi¢h relate direct]y to Charitable activiiie5. See note 10 for fvnher details. Pa8e 24
Non5uch Tbea¢re Limited No¢es to the Financial Siatements for the Year EDded 31 March 2025 10 Analysis of governnce And Jupport eogts Govtrn•n¢e Costs UDrtstricted funds G¢Derl Tot1 funds Independent examiner fees Examination of the financial staternet)ts 3,295 3.295 Tot81 for 2025 3,295 3295 Total for 21124 3,525 3,525 11 Net incomittWoutgoiDg resourtes Net incomingJ(outgoingl resources ftir the year include.. 2025 21124 D¢preciatioTh of fixed assets 4.801 1,201 12 Tru5teey reniiiDer•tioD nd expeDJes No tru5t¢es. nor any persons conne¢*d with them. have received any remuTher8ti0n from the cIlty during the year. 13 Stsff cost5 The ag8rewdte payroll wsts were &$ follows.. 2025 2024 Staff costs during the yeAr were: Wages and salaries So¢io] se¢uriry costs Ptnsion ¢osts her staff $ts 86.220 2.460 1.631 174 191.638 8,529 3,482 485 90,485 204.134 No ¢mployee rexeived ernoluments of llwre than £60.OIXI during the yezr. Page 25
NoDsu¢h Theatre Limited Notes to the Financial Statem¢Dts for the Year Ended 31 March 2025 14 Taxition The Charity is a registered clwity and is therefore exempt froTn IOn. IS TaDgibl¢ red &ets FurnitUTe Ind equipment TotAI Cost At l April 2024 Additions 14.380 15,316 14,380 15.316 At 31 March 2025 29.696 29,696 Depreciation At l April 2024 Charge for the year At 31 March 2025 13.159 4.801 13.159 4.801 17,960 17,960 Net book value At 31 March 2025 11,736 11.736 At 31 Mar¢h 2024 1,221 1,221 16 Fixed assd iDwe5tmettts 21125 2024 Shares in group ulldertakiw and participatiD8 interests Shires in group UDdeMkillgs od rtiCIPating inter¢sts Subsidiry undertakings Total Cost At l April 2024 At 31 March 2025 Net book value At 31 Mar¢h 2025 At 31 March 2024 Pagc 26
Nonsuch Theatre Limited otes to the Finantial Statements for the Year Ended 31 March 2025 Detai15 of undert•kitig$ Details of the investments in which the Charity holds 21n6 or nKJre of the norninal value of any c1&$5 of share Gapital are Is follow5.' CouDtry of incorportiO Proportion ofvotiDg rigbts Prlnctpal •nd $h•res held ¢tivitv UndertxkiDg Holding 2025 2024 Sub5idiry undertAkiDv Nonsuch Sbjdios Trading Lld England & Wales lo/ loo% Theatre productlons Sub$idiariu The loss for the finanrial period of Non5uch Studio$ Trading £2,421 12024 - £Nil) and the 488re8ate atnount of eapital and reserves ai the end of the riod was q2,4201 (2024- qll). 17 Debtors 2025 2024 Trade debiors PT¢payments Accrued in¢om¢ Oth¢T debtors 13.384 2.774 138.072 24,775 2,341 5,952 3,358 154.230 36,426 18 Cgsh And cash equivltuts 2025 2024 Cash on hand Cash at bank 200 213 200 83 413 283 Page 27
Nonsuch Theatre Limited Not to the FittADcial Ststement5 for the Yerdr Ended 31 March 2025 19 Creditors: ithoutsts falling dllt within otse year 2025 2024 Bank loans Trade creditors Other t&Kation aTKI wcial Srity Vat creditor Other creditois Accru$ Def¢rred in¢ome 26,405 46.029 24.676 44,130 9,461 4.640 17.724 2.770 13,246 5.000 113.279 9B,364 20 Creditors: •moutsts f*llAng due •ft¢r yur 2025 2024 Bgnk loans 74.486 85.595 21 Penjion #Dd othtr Jehemes D¢faaed ¢ootribulioD p•DJion Thc Charity opernt¢5 a defined Contribution pension scheme. The pension cost charge for th¢ y¢Br repre¥ents contributiorts payable by the Charity tht scheme and amounted kn £1.631 (2024 . £3,482). Page 28
Nonsueh Theatre Limited Noles to tbe Finan¢ial Ststements for the Year Ended 31 March 2025 22 Fllnds B•lDte t I April 21124 In¢oming r¢goyr¢¢s Balante ¥t 31 M%rcb 2025 expeDded L'nrestricted General General fund (175.302) 231.629 (109,0791 (53,252) Restricted funds Takeover fuThd The heritage lottery fund C¢ntr¢ Stag¢ fijnd Bandstsnd (Everyday Heritsge) UKSPF Capits] gTalll 400 (400) {9.275) (57.045) (16.280) 2.965 9275 20.500 59.611) 16.280 23.055 8,8 12 Total restricted fun(L 29.775 88.057 185,965) 31.867 Totil funds 1146,027 195,044 21.385 BAiaDce 41 1 April 21123 lts¢omiDg ruovrtes Re50urees expended Balante at 31 Mlreb 2024 Ltnrestricted funds General Gen¢ra] fiuhd 181.551) 268.759 1363.010) (175.802) Restricted Cultural recovary fiu Holiday a¢tiviry fund Inspire Cu1wr learnÉng & libraries Th¢ hEritage lollery fund Ccntre Strge fund Thoma5 Farr Chairty ACE Audience Development Pun¢hdnmk fimd Culiural re¢ov¢ry fund 25.5(M) {25,500) 118,0351 (10.0001 19251 (32.000) (4,000) (27.000) (3.200) 25.942 18.035 10.(M)O 10.(M)O 200 9,275 20.500 52,500 27,(]0 3200 25,942 Tot*1 restricttd funds 42.035 134.342 (146.602) 29.775 Tot41 fwnds 139,5161 509.612 146,027 P#ge 29
Nottsuch Theatre Limited Notes to the Financial St&temeDts for the Year Ended 31 March 2025 Cetttre Stgge Fund Centre Stage is our fla8shÉp programme for 5UPPOrtin8 and developing contetnpow perfonnanc¢ foi 12-18-ycar olds WOTking in partnership with s¢hools and college5 across Nottinghamshire. We have been Y4ward¢d a 8ent of 99,000 under National IA)ttery Projea Grants for a period of thr years witil 2025126. The final payrnent of £9,900 is exp¢¢t¢d to receive in 2025126. UKSPF C%pitAI GTaDt Culttlfdl. Heritage ATMI Creative Capital Grant te¢eived der Notttngham City CowKil's UK Shared Prosperity Fund IUKSPF} Programme to purchases assets LLsed in creative projects. 23 ADaly5is of net 5sets between fundj Llnre5tricted fllnds Genenl Total fuDd5 Y4t 31 MAr¢h 2025 Rulrirt¢d fund5 Tangible fixed assets Fixed asset investments Cunent assets Current liabilitie5 Creditors over l year 2.924 8.812 11,736 131.588 (113279) (74,486) 23,055 154.643 1113.279) (74.486) Total net L85ets (53,252) 31.867 {21,3851 Lnrestritted funds General Total funds 9t 31 Mreh 2024 Restricted funds Tan8ible fixed a5 ProgTarnme rel&t¢d investt))¢nts CLurent assets Current liabilities Creditor5 over l yur 1222 1.222 6.931 198.3611 185.5951 29,775 36.706 (98,3611 85,595 TO1 net wets {175,802 29,775 146.027 24 Rel•ted party trnsctiOll5 There w¢r¢ no related party tranwtiOnS in the year. Page 30