Charity reglstratlon numb¥r 1206822 (England and Walasl
CIDERMILL THEATRE TRUST
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025

CIDERMILL THEATRE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trust•
Mrs S Steele
Mr5 D Lodge
Mrs B Grègory
Mr G Barrett
Mr D Gale
Mrs J J8mes
Mrs M Ja¢kson
Mr M Pleasance
(Appointed 6 November 20241
(Appointed 6 Novèmber 20241
(Appointed 6 November 20241
(Appointed 6 Novernber 20241
(Appointed 6 Novernber 20241
(Appointed 24 March 20251
(Appointed 28 January 20251
Charity number IEngland and Wales)
1206822
Prlnclpal addréss
Cidemiill Lane
Chipping Campden
Glouce51er5hire
GL55 6HU
Auditor
CKCA Lirnited
No 4 Castle Court 2
Castlegate Way
Dudley
West Midlands
DY1 4RH

CIDERMILL THEATRE TRUST
CONTENTS
Pag•
Trvstees, report
Statament of trustees, re5ponsibililies
Independent auditof s report
7-10
Stslemenl of financial activities
Balance sheet
12
Notes lo the financial statements
13-21

CIDERMILL THEATRE TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 AUGUST 2025
The trustèes present their annual r6port and financial stslernents for the year ended 31 August 2025.
The financial 51alernenls have been prepared in accordan￿ with the accounting policies set out in note 1 to the
Inancial statements and comply wf(h the charity's constitution, the Charities Act 2011 and AccoLJnting and
Reporting by Charities.. Statement of Recommended Practice applicable to charits'es preparing their accounts i
accordance with the Financial Reporting Stsndard applicablè in the UK and Republi¢ of Ireland IFRS
1021" (effective 1 January 20191.
Objectives and activities
The purpose of the ¢harity is the advancemeril of performance art for the public benefit al amateur and professional
level, in particular by the provision of perf0mlan￿ arts facilities for the students of Chipping Campden School and
the inhabilanls of Chipping Campden and the surrounding area.
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in do¢iding what actiwlies the
charity should undertake.
The Cideirnill Thèatrè stands out within the region for ils dislinclive dual-use model. serving both as a school facility
for Ghipping Cempden School ICGSI students and as a community resource open to local residents and Insitors.
This unique arrangement ha5 brought about considerable public benefit, as demonstrated by stakeholdèr fèèdba¢k.
which highlights the positive impact across a wide range of performing arts events hosted at the venuè.
A¢hievem•nts and p•rfomiane
During the academic year 2024- 25 the Cidermill Theatre Tnjst celebrated several significant accomplishments.
The Theatre delivered a much-enhancèd programmé of Èvenl$. broadening ts cU￿￿ra1 offer lo the school and wider
public community, and developing an outrèach progiamme.
Among its achievements, the Theatre was selecled as a national finalist for the Royal Institution of Chartered
Surveyors IRICSI Award, in the Community Benefit category, r8fleeting its contribution to the local are8.
The Final RICS Awards Ceremony look place in London in October 2025, w((h the Cidemiill prominently featured.
We were honoured lo participate.
During 2024-25, a period of restructuring occurred, which induded changes lo key stsff. A new Operations Manager
was appointed by the Trustèes togèthèr with a SeniorTechnical Manager who is employed by the School.
The Trustee body was expanded in 2025 to incorporate additional areas of expertise in financ8. marketing and
programming,. posrtively influencing the strategy and dirèction of thè théatrè.

CIDERMILL THEATRE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Financial review
Total income for the year was £298,63812024.' period £107,8771 and total expenditure was £375,925.
The financial period 2024 -25 has seen a strong irnprovemenl in performance frtsm 2023 - 24 following the
restructuring, a focus on events, and careful expenditure.
The Trust's strategic focu5 during this lirne was on curating a well-considered prograrnrne of events. This in¢luded a
varièty tsf professional productions, screenings of National Theatre Live and Royal Opera House pèrformance5. as
well as 5econd-run cinema screenings. Although the programme succeeded in delivering a culturally rich experience
lo the comrnunity, the Trust recognisès that there is scope lo improve trading pèrfortnance based on the review ol
each production's outcomès.
Musi¢ and Dance events have featured prominently. as w811 as a very successful Conversation with series.
The Theatre is regularly hired lo local oiganisalions for talks, screenings, awards evenings, dan￿ and music
events.
The Tru51 works closely with local organisations to promote Lileralure, Plays and Music Festivals.
The Trust notes that the programme has provided a culturally diverse offering to the local comrnunity and identifies
opportunitiès foi further improvement in trading performance.
There have been no significant evènl$ requiring disdosure in the period.
The Cidermill Theatre has made a valuable and positive contribution Its both the students of Chipping Campden
School Academy and the broader community. The theatrè's defi¢il and cash flows are supported by the school's
r05erves. as the school is the ultimate parent entity of thè Trust. This arrangement aligns with the inlellded dua
purpose function of the Cidemiill Theatre, sèNing as both an educational and community facility.
R&s&￿S ptrli¢y
It is the policy of the ¢hority that unre51ricted funds which have not been designated for a specific use should be
maintainèd at a level equivalent to beMeen three and six month's expenttilure. The trustees consider that reserves
at this level will ensure that, in the event of a significant drop in funding. they will be able to continue the charity,
current activities while consideration is given to ways in which additional funds may b6 r8*sed. This level of reserves
ha5 been maintained throughout the year.
Plans for future periods
The Trust plans lo continue offering the programme of events dgscribed above while also proactively exploring
additional u5e5 of the Theatre building.
Current opportunities under consideration include both catered and non-catered event hire, as well as fijrther
development of live music performances, second release cinema screenings. and a comedy club.
During this period, live music, the Conversation with series, and pantomime have produ¢ed the greatest commercial
revenue for the Theatre. The current plan 15 to concentrate efforts on continuèd prornolion of these activities.
The Trust aims to engage with local musiaans and pro￿de a plaffoirn for emerging talent to be showcased.
The Trust intends lo collaborate with a Youth Theatre group to establish a regular programme and support ils
outre8ch activitie5.
In the summer of 2026, as part of Community outreach efforts, the Theatre and the School will serve as the hub for
the biennial Town Twinning events trom 14th to 18th August 2026. There are plans to develop this inb an annual
summer festival wrth a focus on youth and families, incorporating the biennial Town Twinning visits as an additional
ornponenl. The programme may also includè youth theatre workshops.
Structur•. govemance and management
The Cidermill Theatre Tru51 is a Charitable Incorporated Organisation governed by it's Conslitution document. 11 is
règistered a5 a charity with the Charrty Commission. Mernbership of the CIO is open to anyone who is illteTesled in
furthering 115 purposes. There is currently only 1 member, Ghipping Campden School. a charitable company. The
member has no liability to ¢¢nlribule lo Ils assets in the event of the CIO winding up.

CIDERMILL THEATRE TRUST
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
The trustees who served during the year and up to the date of signature of the financial statements were..
Mr P Jackson
IResigned 24 March 20251
MrA J Sunderfand
IResigned 5 November 20241
Mr$ S Steele
Mr G M Burton
Mrs D Lodge
Mrs B Gregory
Mr G Barrett
Mr D Gale
Mrs J James
Mrs M Jackson
Mr M Pleasance
Mr D J Q Greenwell
IResigned 5 November 20241
IAppointed 6 November 20241
(Appointed 6 Novemb&r 20241
IAppointed 6 November 20241
(Appointed 6 November 20241
(Appointed 6 November 20241
(Appointed 24 March 20251
IAppoint8d 28 January 20251
(Appointed 28 January 2025 and resigned 3 November 2025}
Rectuitment ancl aPp￿ntM&￿t ortwslees
As the Cidermill Theat￿ Trust develops. there will be the requirement to expand the number ol Nominated Truste6s.
This pro￿55 is driven by the Trustees Skills Audit. Posts a￿ advertised and a full selection process followed to
ensure that appropriate personnel are recruited, iTFline with the Trustees Skills Audit.
Organisational sttucture
The board of trustees, which can have up to 8 members13 elected Iruslees and 5 nominated Irusteesl, administers
the charity, and the board normally meets 6 times annually.
An Operations Manager is appointed by thè Trustees to manage the day to day operations of the charity. To
farililate effective operations. the Operation5 Manager has delegated authtsrity, within tèms of delegation approved
by the Trustees, for operational matters induding finance. employment and attisli¢ performance related activity.
A Senior T&chnical Manager is èmployad by the School.
A Marketing Con5ullanl is engaged lo work on slralegie5 to promote the theatre across many channeb. an81y5e the
performance ol events, and provide input to future direction.
Remuner&tt"on pglffcy
Thè pay of the senior staff is rèviewed annually and normally increased in accordance with average earnings.

CIDERMILL THEATRE TRUST
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
othermatte
In-line with the Charitie5 Commission, the Cidemiill Theatre Tru$l 1$ structured as follows..
3- Elected TtU51ee5
Mrs D Lodge Ichairpersonl
Mr G Barrett (Vice Chairperson and Trustee of CCS)
Mrs B Gregory
5- Nominated TTUStees
Mr D Gale
Ms J James
Mr M Pleasance
Mr D Greenwell Icurrently stood downl
Mrs M Jackson
In addition to thé abové. al 811 ft>rmal meetings, the following are in attendance..
Mr P Jackson (Chief Operations and Finance Officer al CCS)
Meetings of the Ciderrnill Theatre Tru51 are held six times annually. Sub Cornmittee Meeting5 are hdd regularfy..
Marketing.. Finance.. Programming.. Operations
Risk management
The trustees have a risk management strategy which comprises..
An 8nnu81 review of the principal risks and uncertainlies that the charity faces
The establishment of policies, systems and procèdures lo mrtigate those risks identified in th6 annual ￿VIeW
The implemenlalion of procedures designed to rninimise or manage any potential impact on the charity should thosè
risks materialise.
Financial sustsinability 15 the major financial risk for the charity. The risk is being managed by support from Chipping
Campden School as the ullirnate parent undertaking. A key elément In the management of financial risk is a regLJlar
review of the performance of all events hosted by thè Cidermill Theatre which has now been embedded in the
meetings of the goveming bodies ol both the CIO and Chipping Campden School.
Relationship Mth related part￿S
None of our Iru51ees receive remuneration or other benefit from IheiT WOTk with the charity. Any connection btheèn
Iruslee or senior manager of the charity with a productitsn cornpany, contracted actor, performer or exhibitor must
be disclosed to the full board of trustees in thè same way as any other contractual relationship with a related party.
Related party transaction5 are reported in note 18.

CIDERMILL THEATRE TRUST
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGusf 2025
Auditor
In accordance with the company's articles. a resolution proposing that CKCA Limited be reappointed as alsditor ol
the company will be put at a General Meeting.
Disc105ure of information to auditor
Each of the trustees has confimed that there is no information of which thèy ar8 aware which is relèvant lo the
audit, but of which the auditor is unawarè. Th6y hav& further eonfimed that they have taken appropiiale 51ep5 to
identify such relevant information and to establish that the auditor is aware of such information.
The trustees. report was approved by the Board of Trustees.
MrsDLo
Trustee
2 Oecember 2025

CIDERMILL THEATRE TRUST
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 AUGUST 2025
The trustees are responsible for p￿ParIng the Ttuslees, Report and the financial slalemenls in accordance with
applicable law and Unitèd Kingdom Acoounling Standards (United Kingdom Generally Accepted Accounting
prad1￿).
The law applicable to charities in England and Wales requires the trustees to prèpare fin8n¢ial stslernenls for each
financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and
applieation ol resources of the tharity for that year.
In preparing these financial slalements, the trustees are required to..
select suitable accounting policies and then apply them consislenlly..
observe the methc)ds and principles in the Char((ie5 SORP..
make judgements and estimates that are reasonable and prudent.,
slate whelhei applicable accounting Standards have been followed, subject to any material departures disdosed
and explained in the financial stalemenls., and
prepare the financial slalements on the going concem basis unless it is inappropriate lo presume th81 the charity
will continue in operation.
The Iru51ees are responsible fLir keeping 5ufficAent accounting records that disclose with reasonable accuracy at 8ny
time the financial position of the charity and enable them to ensure that the financial statements eomply with the
Charities Act 2011, the Charity IAccounts and Reports) RegLJlations 2008 and the provisions of thè trust deed. They
are also responsible for safeguarding the assets of the char(ty and hence for taking reasonable steps for the
prevèntion and detection of fraud and other iiiegulaiilies.

CIDERMILL THEATRE TRUST
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF CIDERMILL THEATRE TRUST
Opinion
We have audited the financial statements of Cidermill Theatre Trust (thè 'charity'l for th& year ended 31 August
2025 which comprise the statement of financial activities, the balancé shèèt and notes lo the fin3naal slatemenls,
in¢luding significant accounting policies. The financial repotting framework that has been applied in their preparation
Is applicable law and United Kingdom Accounting Standards. induding FinancAaS Reporting Standard 102 The
Financial Repothng Standaffd applicable in the UK and R8publiG of Ireland (United Kingdom Generally Accepted
Accounting Practice}.
In our opinion, the finanaal statements..
give a true and fair view of the state of the charity's affairs as at 31 Au9USt 2025 and of its incoming resources
and application ol resources, for the year then endèd",
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿."
and
have been prepared in accordance with the Charities Act 2011.
Basi$ for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are furthèr desGribed in the Audilorfs responsibili1195 for the audit ol
thfj fAnancNal statèm&nts section of our report. We are Independent of the charity in accordance with the ethical
Tequirernenls that are relevant to our audit of the financial slalemenls in the UK, including the FRC'S Ethical
Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate lo prowde a basis for our opinion.
Concluslons Nlatlng to golng concern
In auditing the financjal statements. we have conduded that the trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work w8 have pèrformad, we havè not identified any material uncertainties relating lo events or
condition5 that, individually or wllectively. may ¢asl significant doubl on the charity's ability to continue as a going
concern for a period of al least twelve month5 from when the finanoal staternents are authorised for issue.
Our responsibilities and the responsibilities of Ihe trustees with respect to going concern are dos¢rib&d in the
relevant sections of this report.
Other information
The other information wmpFises the infomation included in the annual report other than the fina￿la1 statements
and our auditor's report thereon. The trustees are responsible for the other information contained within the annual
report. Our opinion on the financial statements does not cover the other information and we do not express any forrn
of assurants conclusion thereon. Our responsibility is to read the other information and, in doing so. consider
whether the other information is materially inconsistent with the finan￿al slalemenls or our knowledge obtained in
the oourse of the audit, or othénvisè appèars to be materially misstated. If we identify such material inconsistencies
or apparent material mi55taternenls. we are required to determine whether this gives rlse to a materHI misstatement
in the financial statements themselves. If. based on the work we have performed, we conclude that therè is a
material misstatement of this other infomiation, we are requirèd to report that fact.
We have nothing lo ￿pOrt in this regard.
Mattarn on whSch wè arn required to report by •xceptlon
We have nothing to report in respect of the following matters in relatitsn to which thè Charities (Accounts and
Reports) Regulations 2008 requires us to report to you if, in our opinion".
the infomiation given in the financial slalements is inconsistent in any material respect wrth the Iruslees.
port,. or
sufficient accounting records have not been kept., or
the financial 51aternenls are not in agreement with Ihe accounting records., or
we have not received all the information and explanations we require for our audit.

CIDERMILL THEATRE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CIDERMILL THEATRE TRUST
R￿Ponsibl11tieS of trusto•s
As explained more fully in the statement of tiuslee5' responsibilities. the trustees are ie5ponsible for the p￿paratIon
of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as
the Iru5tees determine is necessary to enable the preparation of financial 5taternents that are flee from material
misslalement, whether due to fraud or error. In preparing the financial slalements. the trLJStéès are responsible for
assessing the charty's ability lo continue as a going concern. disclosing, as applicablè, matters related to going
concern and using the going con￿rn basis of a¢wunling unless the trustees eithèi intend lo cease operations. or
have no rèalistic allernalive but to do so.
Auditorfs responslbilitie$ for the audit of th8 financlal statèments
We have been appointed as auditor under section 144 of the Charities A¢t 2011 and report in aeeordance with the
Act and relevant regulations made or hawng effect thereunder.
Our objèctives are lo obtain reasonablè assuiance about whether the financial slalemenls as a whole arè free from
material misslalement, whether due lo fraud or error, and to issue an auditorfs report that indudès our opillion.
Reasonable assurance is 8 high level of assurance but is not a gijaranlee that an audit condu¢ted in accordance
with ISAS IUKI will always delecl a rnaterial misststement whÉn il exi51s. Misstatements Can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influenee
the economi¢ decisions of users taken on tho basis of these financial statements.
The extent lo which our procedure5 are capable of detecting irrègularities. including fraud. is dètsiled below.
Extènt to which the audit was consld•rèd capable of detecting irrngularftlès. In¢luding fraud
We identified and assessed the risks of material misststemenl of the financial siatements. in respect of irregularities
whether due to fraud or error, or non compliance with laws and regulations and then designed and performed audit
procedurès responsive lo those risks, including obtaining audit evidence that is sufficient and appropriate lo prowde
a basis ft>r our opinion.
In identifying and assèssing risk5 of material misstatement in respect of irregularities, including fraud and non-
compliance with laws and iegulalions, our procedures included the following..
We obtained an undeislanding of the legal and règul31ory frameworks that are applioable lo the Charity by
discussion and enquiry with the trustees and managernenl learn and our general knowledge and experience of the
th8atre and drama sector.
We focused on spètyfic laws and regulats'ons which we considered may have a direct m*erial effect on the financial
statemènts or the operations of the company, induding the Charits'es SORP, production licensing regulations,
employment, and health and safety legi51alion.,
We a55essed the extent of compliance with the laws and regulations idenlrfied above through m3knng enquiries of
rnanagernent and reviewing other relevant information.

CIDERMILL THEATRE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CIDERMILL THEATRE TRUST
Audit re$pens8 to rlsks identified
Wè assessed the susceptibility of the Charity's financi81 slalèmènts to material misstatement, including how fraud
might occur. Audit procedures performed included but were not Iirnited to..
Discussions with Irustees and management as lo where they ¢tsnsidered there was susceptibility to fraud,
their knowledge of actual, suspected and alleged fraud.,
Confirming our understanding of controls by performing a walk through le51 or observation and enquiry.,
Performing analytical procèdurès to identify any unusual or unexpected relationships..
Challenging assutnplions and iudgemenls made by management in its significant accounting e51irnales'.
Identifying and testing joumal entries..
Reviewing unusual or unexpected transactions.. and
Agreeing the financial statement disclosures to underlying Supporting documentation.
Owing lo the inherènt limitations of an audit, there is an unavoidable risk that we may not have detècted some
material rnisslalement5 in thè financial statèmènts, even though we have property planned and performed Qui audit
in accordance with auditing stsndards. The mole removed that laws and regulations are frorn financial Iran58clion5.
thè less likely il Is that we would become aware of non-compliance. Audrting standards also limit the audit
procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other
manageFnent and the inspection of regulatory and legal correspondenoe. if any.
Material misstatements that arise due to fraud can be harder lo detect than thosè that arise from error as they may
involve deliberatè concealment or collusion.
A further description of our re5ponsibililies is available on the Financial Reporting Council's website al.. https'.11
www.frc.org.uklauditorsrespon5ibililies. This description forms part ol our auditorfs report.
othèr matters
Your attention is drawn lo the fa￿ that the charity has prepared financial statements in accordan￿ with 'Acoounling
and Reporting by Charities.. Slalemenl of Recornmended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in thè UK and Republic of Ireland {FRS 1021 las
amended) in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice issued
on 1 April 2005 which is referred to in the extant regulations bul has now been withdrawn.
This has been done in order for the financial slalements to provide a true and fair view in accordance with current
Gènerally Accepted Accounting Practice.
Use of our rèport
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 01 the Charities IAccounts
and Reportsl Regulations 2Q08. Our audit work has been undertaken so that we might state to the charity's trustees
those matters we ale required to state to them in an auditor's report and for no olhei purpose. To the fullest extént
permitted by law, we do not accept or assutne 18sponsibility to anyone other than the charity and the charrty's
trusteès as a body, for our audit work, for thi5 report, or foi the opinions we have formed.

CIDERMILL THEATRE TRUST
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF CIDERMILL THEATRE TRUST
CK Audlt
2 December 2025
Chartèrèd Accountants
Statutory Auditor
No 4 Castle Court 2
Castlegat& Way
Dudley
We51 Midlands
DY14RH
CKCA Limited is eligible for appointment a5 auditor of the charity by virtue of its eligibility for appointment as auditor
of a company und6r section 1212 oflhe Companies Act 2006.
10-

CIDERMILL THEATRE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2025
Unrestricted
funds
202S
Restrl¢tsd
funds
2025
Totsl
Unr•strlct8d
funds
2024
2025
Notes
Income from:
Donations and legacies
Charitable adiviti&s
8,822
261.757
28,059
36.881
261.757
778
107.099
Totsl income
270,579
28,059
298,638
107,877
Expenditure on:
Raising funds
Charitable actiwties
28.0
297,315
28.096
325,374
13,288
166,568
28,059
Totsl expenditure
325,411
28,059
353.470
179.856
Nèt 8xpendltyJre and movement in funds
154,8321
154,8321
171.9791
Reconciliation of fund$=
Fund balanees at 1 SÈptÈmb6r 2024
171,9791
171.9791
Fund balances at 31 August 2025
1126,8111
1126,8111
171,9791
The statement of finanual activities includes all gain5 and losses re¢ognised in the year. All income and expenditure
derive from continuing activities.

CIDERMILL THEATRE TRUST
BALANCE SHEET
AS AT31 AUGusf2025
2025
2024
Nots$
Current assets
Slod(s
Debtors
Cash al bank and in hand
11
12
2,469
1Q,287
18,240
2,175
2,752
9,073
30,976
14.000
CreditOTS: amounts falling du• wlthin
one year
13
1157.78n
185,9791
Nèt eurr¢nt liabilities
1126.8111
171,9791
The funds of the charfty
Unresliicled funds
16
1126,811)
171,9791
1126,8111
{71,9791
Thè finaneAal slalements were approved by the trustees on 2 Decembèr 2025
Mrs D Lodge
Trust88
12

CIDERMILL THEATRE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting poli¢ie$
Charity inforniation
Cidermill Theatre Trust is a Charity governed by a trust deed approved by the Charity Comrnission.
1.1 Rèportlng p•rlod
The charity was registered with the Charity Commission 01 February 2024. The comparativè period ol
accounts were prepared up lo 31 August 2024 to fall in line with the rest of the group. rlleaning Ih8t the
comparative accounting period is le55 than 12 months. As a rèsult, the comparats've figures are not neces58rily
Comparable with the 12 month period for the ￿rrent a¢ix)unting yèaf.
1.2 Basis of preparation
The financial Statements have been prepared in accordance with the charity's trust déeds, the Charities Act
2011. FRS 102 'The Finanaal Reporting Standard applicable in the UK and Republic of Irèland. I'FRS 102,1
and the Charities SORP Accounting and Reporting by Charities.. Statement of Recommendéd Practi
applicable to charities preparing thèir accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ir&land IFRS 1021" (effective 1 January 20191. The charity is a Public
Benefit Entity as defined by FRS 102.
The charity has tskèn advantage of the provisions in the SORP for charities not lo prspare a Statanent of
Cash Flows.
The financial statements have departed from thè Charities (Accounts and Reports) Regulations 2008 onty lo
the extent required to provide a true and fair view. This dèparturè has involved following the Statement of
Recomrnended Practice for charities applying FRS 102 rather than the version of the Statement of
Recomrnended Practicé which is referred to in the Regulations bul which has since been withdrawn.
The financial statements are prepared in sterfing, which is the functional currency of the tharity. Monetary
amounts in th6se financial slalernen15 are rounded to the nearèst £.
The financial stslements have been prepared under the historical cost convention. The principal accounting
poIic4es adopted are sel out bel(>w.
1.3 Going ¢on¢om
At thè timè of approving the financial slalemenls. the Ituslee5 have a reasonable expectation that the charity
h85 adequate rèsources to continue in operational existence lor the foresee3ble future. Thus the trustees
continue lo adopt the going concern basis of accounting in preparing the financial statements.
Net current liabilities al the end of the period are £126,811, of this balance £68,320 is owed to other entities
within the Chipping Campden School Group. The Cidèrmill Thèatrè Trust continues to provide a comrnunily
facility for members of the local community and beyond. The Cideirnill Thèatre is a young facility and is
exploiing a wide range of programming to identify the needs of the local area. Plan5 ale being prO9￿SSed to
increase the commercial viability of the Cidermill Theatre Trust which will be done while balancing the need to
protect the cultural offering lo the community.
1A Charltabla funds
Unrestricted funds are availabl& for use at the discretion of the trustees in fvrtherance of their tharilablè
objectives.
Restricted funds are subject to specific Gondilions by donors or grantors as to how they may be used. The
puiposès and uses of the restricted funds ale sel out in the notes lo the financial statements.
Endowmènt funds are subject to specific conditions by donors that the ¢apitsl must be maintained by the
charity.
13-

CIDERMILL THEATRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST2025
Accounting poli¢1
IContinu•dl
1.5 Incomo
Income is re¢ognised when the charity is legally enlilled to it after any perforrnance conditions have been mel,
the amounts can be measured ieliably, and it IS Probable that incomè will be received.
Cash donations are recognis8d on receipt. Other donations are recognised On￿ the charity has been notified
ol the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations re¢eived under GiftAid or deeds ol covènant is recognised at the lime of the donation.
1.6 Expenditure
Expenditure is recognised once there is a lègal or constructive obligation to transfér economic ben&fil lo a
third party, il is probable that a transfer of econornic benefits will be required in sèttlement, and the amount of
the obligation can be rneasured reliably.
Expenditure is classrfied by a¢tivity. The costs of each activity are mad8 up of the total of dIr￿t costs and
sharèd costs. including supptsrt costs involved in undertaking each activity. Direct costs attributable to a single
actiwly are allocated di￿dIY lo that activity. Shared costs which contribute to more than one activity and
5UPPOrt costs which are not attributablè to a single activity are apportioned behvèèn those activitiès on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time Spent, and
depreciation charges are allocatèd on the portion of the asset's use.
1.7 stocks
stocks are stat8d al the lower of cost and estimat&d selling price less co$15 to complete and sell. Cost
comprises direct materials and, where applicable, direct labour costs and those overheads that have been
incurred in bringing the stocks lo their present location and condition. Item5 held for distribution at no or
nomin81 consideration are measured the lowèr of replacement cost and oost.
Nèt realisable value is the estimated selling price less all èstimated costs of completion and costs lo be
incurreLf in rnarketing, selling and distribution.
1.8 Cash and cash equivalents
Cash and cash equivalents include cash in hand, dÈposils held at call with banks, other short-lerm liquid
investments with original matLJrities of three months 01 less, and bank overdrafts. Bank ovèidrafts are shown
within borrowings in current li8bililies.
1.9 Financlal instruments
The charity has elè¢led lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Inslrurnents Issues, of FRS 102 to all of ils finaricial instruments.
Financial instruments ar8 recognised in the charity's balance sheet when the charity becomes party lo the
contractual provisions of the instrument.
Financial assets and liabilitiès are offset, with the nel arnounls presented in the finanaal stslements, when
there 1$ 8 legally enforceable right lo set off the recognised amount$ and there is an inl&nlion lo settle on a nel
basis or lo realise the asset and settle th8 liability simultaneously.
Basle financial assets
Basic financial as5els, which indude debtors and Cash and bank balances, are initially measured at
transaction pri￿ including transaction costs and are subsequently cairied al amortised cost using the effective
inleiesl method unless the arrangement constitutes a finanojng transaction, where the transaction is
measured at the present value of the future receipts diseounled at a market rate of interest. Financial assets
classified as receivable within onè year are not amortised.
14-

CIDERMILL THEATRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Accounting pollcles
Icontlnuedl
Basic financial liabilities
Basic financial liabilities, including creditor5 and bank loans are initially recogni5ed al transaetion price unless
the arrangement constitutes a financing transaction. whera the debt instrument is measured al thè present
value of the future payments discounted at a market rale of interést. Financial liabilities cJa55ified as payable
within one year are not amortised.
Debt instruments are subsequently carrièd at amortised cost, using the effeclivtr interest rate method.
Trade creditors are obligations to pay for goods or strtvices that have been acquired in the ordinary course of
operations from suppliers. Amounls payable are classified as current liabililies if payment is dLJe within one
year or less. 11 not. they are presented as non-currenl liabilities. Trade creditors are recognised initially al
transaction price and subsequently measured at amortlsed cost Using the effective interest rnethod.
Derecognltion of flnancial liabilities
Financi81 liabilities are derecognised when the ¢harty's contractual obligations expire or are discharged or
cancelled.
1.10 Employee benefits
The cost of any unLJsed holiday enlillement is recogni5ed in thè period in which the employee's senric8s are
received.
Tèrmination benefits are recognised immediately as an expense when the charity is demonstrably comrnitted
to terminate the employment of an employeè or to provide termination benerts.
1.11 Retirement benèfits
Payments to defined contributs'on retirement benefit schemes are charged as an expense as they fall due.
Incomè from donation$ and lègacles
Unrestricted Rèstriet8d
funds
funds
2025
2025
Total Unrestri¢t¢d Rastrlcted
funds
funds
2024
2024
Total
2025
2024
Donations and gifts
Membership fees
7.547
1,275
28,059
35,606
1,275
478
300
478
300
8,822
28,059
36,881
778
778
15-

CIDERMILL THEATRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
Income from eharitable activities
Unrestricted
funds
2025
Unrestricted
funds
2024
Theatrlcal pèrforniances
Sale of tickets
232,738
97,581
Booklng and èxternal hire
Sale of tickets
29,019
9,518
261,757
107,099
Expendltur¢ on raising funds
Unrestricted unr￿triCted
funds
funds
2025
2024
Fundraising and publicity
OlheT fundraising costs
28,096
13,288
Expenditurè on ¢haritable activitlos
Theatrical
perfornianc•s
2025
Thèatriral
performances
2024
Direct costs
Staff costs
Production Costs
rickel offi￿ Costs
63,950
161,997
371
51,800
63.154
226,318
114,954
Sharo of $upport and govemanco eo¥ts (see note 61
Support
Govemance
94,2
4,800
47,214
4,400
325,374
166.568
Analys1$ by fund
Unrestricted funds
Restricted funds
297,315
28,OS9
166,568
325,374
166.568
16-

CIDERMILL THEATRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Support costs allocated to a¢tivÉtie$
202S
2024
Staff costs
23,717
11,379
3,500
1,301
5.130
35(1
455
8,285
2.103
425
8,392
5,894
4.400
Maintenance
Cleaning
Water
Staff tiaining
Advertising
Support & Bought-in services
Stationery
IT Licences l ¢onsumablès
Inler-company support
Governance costs
753
27,672
5.715
168
11,392
24,839
4,800
99,056
51,614
Analys•d be￿oe￿.
Theatrical performances
99.056
51,614
N•t movement in funds
2025
2024
The net movemant in funds is stated after chargingllcredilingl..
Fees payable for the audit of the charity's finan¢ial statements
4,800
4,400
TTu$tsos
None ol the trustee5 (or any persons connected with Iheml received any iernuneralion or benefits from the
charity during the year.
EmployeeB
The average monthty nurnber of employees during the year was..
2025
Numb•r
2024
Numbar
17-

CIDERMILL THEATRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUEDI
FOR THE YEAR ENDED 31 AUGUST 2025
Employees
Icontinuedl
Employment costs
2025
2024
Wages and salaries
Social security costs
Other pension costs
80,216
5,811
1,640
55,561
4,301
3,377
87,667
63,179
There were no amployees whose annual remun&ralion was more than £60.000.
R•mvneration of key managèmènt personnel
The rernuneialion of key managemènt personnel was as follows..
2025
2024
Aggr8gate cornpensation
29,749
26,292
10 Taxation
The charity is exernpl frorn taxation on its activities because all its in¢orne 15 applied for charitsble purposes.
11 Stocks
2025
2024
Finished goods and goods for resale
2,469
2.175
12 Dèbtors
2025
2024
Amounts falling due within one year..
Trade debtors
Amtsunls owed by fellow groLJP undertakings
P¥epaymenls and accrued income
3,915
4,322
2.030
125
2,627
10,267
2,752
18-

CIDERMILL THEATRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
13 Cr•dltors: amounts falling due within one year
2025
2024
Notes
Oeferred income
Trade credrf(ors
Amount owed lo paienl undertaking
Amounts owed to fellow group undertakings
Accruals
14
57,820
6,018
68,320
12,626
2,123
22,591
33,507
15,132
25,629
157.787
85,979
14 Deferred income
2025
2024
Other deferred income
57,820
12,626
Deferred income is induded in the financial statements as follows..
2025
2024
Deferred income is induded wilhin_'
Current liabilities
57,820
12,626
Movements in the year..
Deferred income at 1 September 2024
Released from previous periods
Resources dele[￿d in thè yèar
12,626
{12,6261
57,820
12.626
Deferred income at 31 August 2025
57,820
12,626
16 R•tlr•mènt bènofit schemes
2025
2024
Defined contribution schemes
Charge lo profit or loss in respect of defined contribution scheme5
1,640
3.317
The charity operates a defined ¢ontribulion pension scheme for all qualifying employees. The assets of the
scherne are held separately from those of the ¢harity in an independenly administered fund.
19

CIDERMILL THEATRE TRUST
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
16 Unre¥trictsd funds
The unrestricted funds ofthe charity comprise the unexpended balances of donations and grants which are
not subject to specific conditions by donors and grantors as to how they may be used. These include
dèsignated Ikjnds which hava baen sèt aside out of unrestricted funds by the trustees for sperAfic purposès.
At1
September
2024
Incoming
resources
Resources At 31 August
expended
202S
Genèral funds
171,9791
270,579
1325.4111
1126,8111
Previous period..
At1
September
2023
Incoming
resources
Resources At 31 August
expended
2024
General funds
107,877
{179,8561
171,9791
17 Operating lease commltments
L*s$è•
At the reporting end date tha charity had outstanding commitments for future minimum leasè paymènts LJnd8r
non-¢an¢ell8ble operating leases. whlch fall due as follows..
202S
2024
Wfithin onè year
Be￿een fv40 and five years
972
243
972
1,215
1,215
2,187
18 Relatsd party tran$a¢tlon$
Transactions with related parties
During the year the charity entered into the following transactions wf(h related parties..
Recharged staff costs
Utility costs and cleaning
servlcès
2025
2025
2024
2024
Entities With control. joint contToI OT signific3nt
inffuence over the company
Other related parties
15,925
86,063
40,840
86,063
40,840
15,925
.20-

CIDERMILL THEATRE TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
18 Related paity trdnsactlons
(Continued)
During the year the Trust purchased sundry goods lo the value of £24 from Mid(leton Hills Fami, a company
¢onlrolled by one of the TIu51ees. There were no balances outstanding between the Trust and Miekleton Hills
Farm al the end of the year.
21