Registered number.. 00317560
Charity number: 229396
YORK CITIZENS, THEATRE TRUST LIMITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

YORK CITIZENS, THEATRE TRUST LIMITED
CONTENTS
Page
Reference and administrative details of the charity* Its Trustees and advisers
Trustees, report
3-10
Independent audltor's report on the financ5al statements
11-14
Consolidated statement of financial activities
15
Consolidated balance sheet
16-17
Charity balance shèet
18-19
Consolldated statement of cash flows
20
Notes to the financial statements
21-49

YORK CITIZENS, THEATRE TRUST LIMITED
REFERENCE ANO ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2023
Trustees
Ann M Green CBE, Chair
Cath Clelland MBE (appointed 14 August 20221
Tiggy Clifford (resigned 17 April 20231
Craig Colton (appointed 14 August 20221
Avijit Datta Iresigned 6 December 20231
Steven lackson-winter lappointed I january 20231
Richard Jagger (resigned 17 April 20231
Saira Khan (appointed l January 20231
Matthew Noddings (appointed 14 August 20221
Maggie Pavlou (appointed 14 August 20221
Katie Posner
Romana Shah Iresigned 25 April 20221
Richard Smith (resigned 3 August 20231
Paul Smith
Will Zhuang
Matthew Hunnybun (appointed l March 20231
Company reglstered
number
00317560
Charlty reglstered number 229396
Registered office
St Leonards Place
York
YOI 7HD
Company secretary
Julie Crampsie
Chlef execut5ve offlcer
Paul Crewes (appointed 9 October 20231
Independent auditor
BHP LLP
Chartered Accountant5
Rievaulx House
I St Mary's Court
BIos50m Street
York
Y024 IAH
Bankers
HSBC Bank PLC
13 Parliament Street
York
Yol 8XS
Page I

YORK CITIZENS, THEATRE TRUST LIMITED
REFERENCE ANO ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
Solicitors
Rollits LLP
Forsyth House
Alpha Court
Monk5 Cr05s Drive
York
Y032 9WN
Investment Manager5
CCLA
Senator House
52 Victoria Street
London
EC4V 4ET
Page 2

YORK CITIZENS, THEATRE TRUST LIMITED
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2023
The Trustees are pleased to present their annual report together with the consolidated audited financial statements of
the charity and its subsidiarie5 for the year ended 31 March 2023
The financial statements comply with the Charities Act 2011. the Companies Act 2006, the Articles of Association and
Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their
accounts IN accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland IFRS 1021.
Since the charity and the group qualifies as small under section 383. the strategic report required of medium and large
companies under The Companies Act 2006 Istrategic Report and Direttor's Reportl Regulation$ 2013 is not required.
Objectives and Actlvities
a. Polities and objectivès
Objects of the Charlty
The Articles of Association of the Trust detail the primèry objects of the Charity,. these can be surnmarised as..
To conserve, develop and enhance York Theatre Royal for the benefit of the public, as a working theatre, for the
sole purpose of advancing the education of the public in the appreciation and understanding of the dramatic and
musical arts in all their forms.
To promote and advance education by the encouragement of the arts, to improve the general standard of
dramatic productions in York and elsewhere, and to provide the Charity's theatre to be used for public lectures.
cinematic performances or other entertainments and exhibitions tonsidered to be of educational merit.
To receive, educate and train students in the arts of drama, mime, dance, music, ballet, opera, puppetry, painting
and sculpture. photography, cinema, literature and poetry.
Idl
To acquire interest in copyright and rights of representation and other rights of or in plays, music, son8s, word5,
operas, comedies and compositions of an educational merit or calculated to improve the general standard of
dramatic productions in York and elsewhere for the benefit of the public.
lel
To carry on the business of the Sale of food, drink and programmes, such activities to be solely ancillary to the
furtherance of the Charitrfs Objects.
Ytsrk Theatre Royal is a producing theatre. The theatre premises are owned by York Conservation Trust and are leased to
the Charity. The premises include the Main House 1761 capacity) and the Studio 186 capacity), with extensive foyer
catering areas served by a full production kitchen. The Charity also rents a unit in Osbaldwick for the purposes of costume
hire and production storage. We acquired space at Hargrave House that houses our making wardrobe. The 3-year lease
was signed in Ortober 2022.
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YORK CITIZENS, THEATRE TRUST LIMITED
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
b. Stratègit Context
The Charity receives revenue funding as an Arts Council England National Portfolio Organisation INPOI and normally aligns
its strategic planninE with that funding c¥cle.
In November 2022 YCTh wa5 informed that our application had been successful and that we had been awarded an
investment of £598,059 for a 3-year period from 2023 to 2026. ACE stated 'Overall York Theatre Royals 2023-26 octivity
will consolidt7te work to dote with o cleor plan to deliver a pluce-bosed high quolity cret7tive and cultural progrumme
underpinned by comrp7unity Co-cfefjtion ond CYP eng￿geMent.,
The or8anisation's core purpose statement reads as follows:
York Theatre Royal is a brave treative hub at the heart of the tity, and it is here for you.
These stages, buildings and our city will thrive with live theatre Df exceptional quality made with you the world's most
exciting artists- with more of the world's most exciting artists.
We will be known and admired everywhere for our work with you.
The organisational values we adopted in 2018 remain in place..
We are ambitious, throughout the organisation
We are sturdy
We care about the climate
We are welcoming
We are ambassadors for York
We celebrate the city's diversity,. it makes us bloom
We are creative in every context
We pull together
How the charity delivers its tharitable cause..
The Charity seeks to further its purposes for the public benefit through its core programme of creative activity including..
its production, co-production and presentation of drama and other performing arts events together with its extensive
learnin& engagement and participation programmes with young people and adults, developed through well defined
regional, national and international relationships.
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YORK CITIZENS, THEATRE TRUST LIMITED
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
c. Review of attivities
Achievements in 2022-23:
Creative Engagement planned to establish three community hubs but in fact established five in New Earswick, Acomb.
Dringhouses, Tang Hall, and York St John University.
Highlights in artist development included GREEN SHOOTS, the commissioning and presenting of local artist work in the
Main House, and TAKEOVER. working with York St John students to plan and present a festival at the theatre.
Delivered the mid-scale comrnunity play THE COPPERGATE WOMAN surpassing the nurnber of planned new participants.
The goal had been 33% but in fact 46% of the participants were new.
Appointed three very Impressive Resident Artists to work alongside Artistic Associate John Wilkinson. Their input has
proved extremely valuable to the artistic life of the theatre.
They work with the Creative Director and CEO in the future artistic planning of the organisation. They are Misha Duncan-
Barry, Gus Gowland and Mingyu Lin.
Continued to rebuild our audience for Pantomime following the pandemic. This year was our second production in
collaboration with Evolution of ALL NEW ADVENTURES OF PETER PAN.
Brought dance to the YTR Stage with BALLET BLACK and PHOENIX DANCE and welcomed KIEV CITY BALLET for the first
time to York.
We produced our own production of a YTR commissioned play. GUY FAWKES in the autumn, as well as co-producing with
Pilot Theatre a very successful production of NOUGHTS AND CROSSES, and the world premiere of RUN REBEL.
We continued to present a range of touring productions including THE MIRROR CRACKED, OTHELLO by Frantic Assemblv
and GIRL FROM THE NORTH COUNTRY which has achieved great success in London and New York and launching the tour
of Stewart Lee.
The new re-designed Patio Garden was opened to the public.
Tom Bird left York Theatre Royal in February 2023 having been Chief Executive for 5 years. An interim CEO Michael Slavin
was appointed from the Senior Management team whilst arrangements were made to recruit a new Chief Executive. Paul
Crewes has been appointed as the new Chief Executive of York Theatre Royal and took office from 2 October 2023.
d. Plans for Future Period5
To deliver the commissioned work SOVEREIGN at Kings Manor with a large community cast. building on the success of The
Coppergate Woman.
To continue to build relationships with touring companies like Wise Children, Frantic Assembly, the Royal Shakespear
Company and Original Theatre, as well as continue to build new relationships with companies like Rambert Dance.
To start work on LAYER 9, the development of the backstage area of the theatre, creating accessible and structurally
stable infrastructure to allow u5 to continue operating in a safe and pleasant environment better suited to our needs. The
fundraising planning will start in earnest by the beginning of 2024.
To increase our offer of food and beverages throughout the day.
Page 5

YORK CITIZENS, THEATRE TRUST LIMITED
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
e. Investment policy and performance
The Trustees have determined a Low Risk / Low Return financial investment policy. Low Risk is defined as only investments
on which capital is guaranteed. The terms of any investment will be easily accessible with no long term commitments.
Investrnent accounts and investment vehicles rnust be agreed by the Chairman and the Chair of the Finance and Capital
Committee.
Any investment opportunities that arise that are outside the definition above, and could be considered Medium Risk Ifor
example where the capital is not guaranteed but a reasonable return is expected) will be reviewed ON a case by case ba515.
A decision on Medium Risk investments will be made by the full Board.
Financial rèvièw
a. Going concern
The activities of the Group, together with the factors likely to affect it5 future development and performance, are Set out
in the Report of the Trustees. The financial position of the Group, its cashflow and liquidity are described in the Financial
Statements and accompanying notes.
At the year end the Group had cash reserves of £849,821 plus £487,810 liquid investments together with reported net
assets of El,818,230. However, for the year ended 31st March 2023 the Group reported a General Fund deficit of
£299,148 and forecasts based on current projections report a similar deficit for following financial year. As a result, the
Group could experience cashflow challenges in early 2025.
As Noted IN the Tru5tees' Report, the Group has not experienced what might be considered normal condition5 since the
Covid-19 pandemic. Theatre attendances and income for the period have not increased back to 2019 levels while inflation
and the Ukraine conflict have increased costs.
The Trustees recognise that there is much uncertainty, and the economic climate continues to be challenging. Constant
work is ongoing to seek new operating income opportunities and other funding options. Together with new initiatives in
2024 the Group plans to reduce the annual deficit and continue delivering live theatre of exceptional high quality in the
heart of York.
Intensive work is ongoing to maximise every financial opportunity. The cashflow challenges mentioned above in early
2025 would reflect the traditional low point in the cash cycle. Additional funding plus the interventions would manage the
cash shortfall in 2025 but more work is required to secure the position.
b. Reserves policy
The trustees have agreed that it is necessary to maintain sufficient reserves in its General Funds to enable the organisation
to respond to short term fluctuations and to provide sufficient liquid reserves to meet fixed costs plu5 any foreseeable
capital expenditure. The theatre's current target free reserve is to endeavour to maintain positive free reserves.
c. Finantial position
After the challenge5 P05ed by Covid-19, the theatre has continued a recovery that was underpinned by efficiency savings
across the organisation in 2020-21, as well as the Culture Recovery Fund & ACE EmerEency Fund.
The theatre ends 2022-23 with a deficit of £291,841 before depreciation. Free reserves will be £234,957.
Page 6

YORK CITIZENS, THEATRE TRUST LIMITED
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
At the year end, unrestricted funds are El,512,71312022.. £1,835,9051, including designated fund5 of £1,277,75612022..
£1,301,800) and restricted funds are £305,51712022'. £460,230).
Fundraising policy
We raise a small percentage of our funds from the public and our aim is to ensure we do this in both a respectful and
compelling way that is consistent with our values.
The charity 15 a member of the Institute of Fundraising and supports it5 purpose and activitie5. All fundraising conducted
on behalf of the charity, whether by committees, volunteers or staff, must comply with the Fundraising Regulator and The
Code of Fundraising Practice together with all relevant legislation. The Trustees are not aware of any failure in complying
with the new Code and legislation.
The charity did not employ a professional fundraiser nor any commercial participator in fundraising in the year.
The charity has a Development and Communication% Committee that includes in its membership both trustees and co-
opted rnembers. This comrnittee monitors all fundraising by and for the charity. The Trustee5 monitor the Developrnent
Subcommittee via reports and minutes on a quarterly basis.
The charity has received no complaints about its fundraising activity in the year.
The charity insists that all members of the public will not be subject to fundraising activity that is an unreasonable
intrusion on that person's privacy. is unreasonably persistent, or places undue pressure on a person to give money or
other property.
Structure, governance and management
a. Constitution
The charity and the group is registered as a members limited liability company and was set up by a Memorandurn of
Association on 15 August 1936. subsequently brought up to date by Articles of Association adopted on 21 April 2016.
The charity and the group 15 constituted under Articles of Association dated 21 April 2016 and is a registered charity
number 229396.
Thè printipal objetts of the charity and the group arè:
To conserve, develop and enhance the premises known as York Theatre Royal for the benefit of the public. as a working
theatre and a place with historical associations and to acquire for any consideration or interest, construct or maintain
theatres in York or elsewhere and to alter, iebuild, reconstruct, refurnish, work, maintain and carry on any theatre for the
time being owned or taken on lease by or otherwise in the occupation of the Charity, for the sole purpose of advancing
the education of the public in the appreciation and understanding of the dramatic and musical arts in all their forms.
To carry on any theatre for the time being owned, leased or occupied by the Charity to promote, maintain, improve and
advance education by the encouragement of the arts, including the art5 of drama, rnime, dance, music, ballet, opera,
puppetry, painting and sculpture, photography, cinema, literature and poetry and to improve the general standard of
dramatic productions in York and elsewhere, and also if and in so far as may be practicable to provide the Charity's
theatre or permit the same to be used for public lectures, tinematic performances or other entertainments and
exhibition5 considered to be of educational rnerit.
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YORK CITIZENS, THEATRE TRUST LIMITED
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
To receive, educate and train Students in the arts of drama, mirne, dance, music, ballet, opera, puppetry, painting and
sculpture, photography, cinema, literature and poetry and to promote recognition of and encouragement of exceptional
merit in students by the institutional presentation of scholarships. exhibitions, grants. medals or other prizes or
benefactions.
To purchase or otherwise acquire and obtain exclusive and other interest in copyright and rights of representation and
other rights of or in plays, music, songs, words, operas, comedies and compositions of an educational merit or calculated
to improve the general standard of dramatic productions in York and elsewhere for the benefit of the public.
In furtherance of the above objects to carry on in connection with any theatre owned or for the time being in the
occupation of the Charity in York or elsewhere the business of the sale of refreshments, food and drink and publications.
such activities to be solely ancillary to the furtherante of the Charity's Objects.
The Board of Trustees meets ordinarily four times each year. The Charity has resolved to dispense with an Annual General
Meeting. In addition, Trustees have established the following committees to report to the Board of Trustees on aspects of
the Charity's business..
Finance and Capital
Audit
Development & Cornmunications
Personnel and Governance
The roles of Equalities Champion and Environmental Champion are each assigned to an individual Trustee. A Trustee
observes the ChariWs Health and Safety Committee meetings.
The Charity has two trading subsidiaries which form part of the group and in which it is the sole shareholder.. York Theatre
Royal Enterprises Ltd and York Theatre Productions Ltd.
All profits generated by the Trust's subsidiarie5 are 'gifted' to the Charity.
The Trust and its subsidiaries operate as a group for VAT purposes. The relationship between the Charity and its
subsidiaries is clearly set out in a relationship agreement under which the Charity provides a range of services to its
subsidiaries. These include lease and buildings maintenance, strategic mana8ernent, employment and provision of staff,
administration (including HR and Finance), insurance and the provision of assets for use by the subsidiaries. The
subsidiaries receive a Management Charge to cover the cost of these services.
b. Method of appointment or elertion of Trustees
The management of the charity and the group is the responsibility of the Trustees who are elected and co opted under
the terms of the Articles of Association.
c. Policies adopted for the induction and trainin8 of Trustees
New Trustees are inducted into the organisation through a series of meetings. The Btsard has terms of reference for all
Board meetings and Board Committee5. There 15 an annual review of the Board skills base and open recruitment for all
Trustees. There is an intent that the Board is representative of the UK community. Each year Trustees aim to hold an Away
Day with the Executive to review the strategic direction of the Trust.
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YORK CITIZENS, THEATRE TRUST LIMITED
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
d. Pay policy for senior staff
The pay of senior staff is reviewed annually and normally increased in accordance with average earnings. The Trustees
benchmark against other provincial producing theatres of a similar size run on a voluntary basis. The remuneration
benthmark is the mid point of the range paid for similar roles.
e. Organisatlonal structure and declsion making
The Trustees determine the general policy of the Charity. Under the overall dirertion of the Trustees the day-to-day
managernent 15 delegated to the Chief Executive.
f. Rlsk management
The Trustee5 have a55e55ed the major risks to which the Charity and the group is exposed, in particular those related io
the operations and finances of the Charity and the group, and are satisfied that systems and procedures are in place to
mitigate exposure to the major risks. The Charity maintains a Risk Register, which is reviewed regularly by the trustees.
The trustees retognise the finances of the Charity will continue to benefit from the valuable support of Arts Council
En8land.
Trustees. responslbllltles statement
The Trustees (who are a150 directors of York Citizens, Theatre Trust Limited for the purposes of company lawl are
responsible for preparing the Trustees. report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Cornpany law require5 the Trustees to prepare financial statements for each financial year. Under company law the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state
of affairs of the charitable company and the group and of the incoming resources and application of resources, including
the income and expenditure, of the charitable group for that period. In preparing these financial statements, the Trustees
are required to..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charitie5 SORP,.
make judgments and accounting estimates that are reasonable and prudent,.
prepare the financial Statements on the goin8 concern basis unless It 15 inappropriate to presume that the
charitable group will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
charitable company and the group's transactions and di5c105e with reasonable accuracy at any time the financial posltion
of the charitable group and enable them to ensure that the financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charitable company and the eroup and hence for taking
reasonable steps for the prevention and detection of fraud and other irregulaiities.
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YORK CITIZENS, THEATRE TRUST LIMITED
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
Oistlosure of information to auditor
Each of the Trustees at the time when this Trustees, report is approved has confirrned that..
so far as that Trustee is aware, there is no relevant audit information of which the charitable group's auditor is
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant
audit information and to establish that the charitable Eroup's auditor is aware of that information
Auditor
The auditor, BHP LLP, has indicated its willineness to continue in office. The designated trustees will propose a motion
reappointing the auditor at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and 518ned on their behalf by:
Ann M Green CBE
Trustee
Cath Clelland MBE FCMA
Trustee
Date: 20-Dec_2023
Page 10

YORK CITIZENS, THEATRE TRUST LIMITED
INDEPENDENT AUDITOR'S REPORTTO THE MEMBER5 OF YORK CITIZENS, THEATRE TRUST LIMITED
We have audited the financial statements of York Citizens. Theatre Trust Limited Ithe 'parent charitable company'l and its
subsidiarie5 (the 'group'l for the year ended 31 March 2023, which comprise the con501idated statement of financial
activitie5, the con501idated balance sheet, the company balance sheet, the consolidated statement of cash flows and
notes to the financial statements, including significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial
Reporting Standard 102 The Finantial Reporting Standard applicable in the UK and Republic of Ireland Iunited Kingdom
Generally Accepted Accountin8 Practice).
In tsur opinion the financial statements..
give a true and fair view of the State of the group's and parent charitable companrfs affair5 a5 at 31 March 2023, and
of the group's incoming resources and application of resources, including it5 income and expenditure, for the year
then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls 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 further described in the auditor responsibilities for the audit of the financial
statements section of our report. We are independent of the group and parent charitable company in accordance with
the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'5 Ethical
Standard, and we have fulfilled our other ethical respon5ibilitie5 in accordance with these requirernent5. We believe that
the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Material uncertainty relating to going toncérn
We draw your attention to note 1.2 in the financial statements, which sets out the Trustees, assessment of going concern,
which notes that audience numbers have not yet recovered to pre pandemic levels and that general inflationary pressures
have increased the c05t base of the theatre. In light of this, the current forecast for the year to 31 March 2024 is for a
deficit in the region of £420,000, some of this will relate to designated and restricted funds, however it is expected that
the charity will have used the balance of its free reserves as at 31 March 2024 and the balance will be a small deficit in
funds.
Budgets for the 202412025 year ends have been prepared and include a number of rneasures which will both increase
income and reduce costs such that if successful a balanced unrestricted funds movement would be delivered and as at 31
March 2025 free reserves would return to a very small surplus. Much of this is however contingent on securine income
from fundraising activitie5 and the Trustees recognise that Significant uncertainty exists in respect of the anticipated
fundin8 sources and their timin& and no amount5 have yet been secured.
These events or conditions. along with the other matters included in note 1.2, indicate that a material uncertainty exists
that may cast significant doubt on the Group'5 and parent tharitable company's ability to continue a5 a going concern.
Other Informatlon
The other information tomprises the information included in the trustees. report, other than the financial st3tements and
our auditor's report thereon. The trustees are responsible for the other information contained within the trustee5' report.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise
explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read
the other information and, in doing so, consider whether the other inforrnation is materially incon515tent with the
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YORK CITIZENS, THEATRE TRUST LIMITED
INDEPENDENT AUDITOR'S REPORTTO THE MEMBER5 OF YORK CITIZENS, THEATRE TRUST LIMITED
financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially
misstated. If we identify Such material incon5iStencies or apparent material mi55tatement5, we are required to determine
whether thi5 give5 rise to a material misstatement in the financial statements themselves. If, based on the work we have
performed, we conclude that there is a material misstatement of this other information, we are required to report that
fact.
We have nothing to report in this regard.
Oplnlons on other matters prescrlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report (incorporating the directors, reportl for the financial year for which the
financial statements are prepared is consistent with the financial statements,. and
the directors, report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Eroup and parent charitable company and its environment
obtained in the course of the audit, we have not identified material mi5Statements in the directors, report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to
report to you if, in our opinion..
adequate and sufficient accounting records have not been kept by the parent charitable company, or returns
adequate for our audit have not been received from branches not V151ted by us; or
the parent charitable cornpany's financial statements are not in agreement with the accouNtiNg records and returns,.
or
certain disclosures of directors, remuneration specified by law are not made- or
we have not received all the information and explanations we require for our audit,. or
the trustees were not entitled to prepare the financial statements in accordance with the small companies, regime
and take advantage of the small companies, exemptions in preparing the directors, report and from the requirement
to prepare a strategic report.
Re5ponsibilitie5 of trustees
As explained more fully in the trustees. responsibilities statement, the trustees (who are also the directors of the parent
charitable company for the purposes of company lawl are responsible for the preparation of the financial statement5 and
for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary
to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or
error.
In preparin8 the financial statement5, the trustee5 are responsible for assessing the group and parent charitable
company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the
Eoing concern basis of accountinE unless the trustees either intend to liquidate the Eroup or parent charitable company or
to cease tsperation5, or have no reali5tit alternative but to do so.
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YORK CITIZENS, THEATRE TRUST LIMITED
INDEPENDENT AUDITOR'S REPORTTO THE MEMBER5 OF YORK CITIZENS, THEATRE TRUST LIMITED
ICONTINUEDI
Auditor responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error. and to issue an auditor's report that includes our opinion.
Reasonable assurance 15 a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISA5
IUKI will always detect a material misstatement when it exists. Misstatement5 can arise from fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instance5 of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, including fraud. The
extent to which our prtscedures are capable of detecting irre8ul3rities, including fraud is detailed below..
the engagernent partner ensured that the engagerrent team collectively had the appropriate competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations..
we identified the laws and regulations applicable to the Éroup and parent charitable company through discussions
with rnanagement and trustees, and from our knowledge and experience of this organi5ation,'
we focused on specific laws and regulation5 which we considered rnay have a direct material effect on the financial
statements or the operations of the group and parent charitable company, including the Charities Act 2011, the
Companies Act 2006, data protection, health and safety legislation, CQC regulations and employment law.,
we assessed the extent of compliance with the law5 and regulations identified above through making enquirie5 of
managernent and trustees;
We assessed the susceptibility of the group and parent charitable company's financial statements to material
misstatement, including obtaining an understanding of how fraud might occur, bv,.
making enquiries of management and trustees as to where they considered there was susceptibility to fraud, their
knowledge of actual, suspected and alleged fraud.. and
considering the internal controls in place to mitigate risks of fraud and non-compliance with law5 and regulations.
To address the risks of fraud through management bias and override controls, we..
performed analytical proceduie5 to identify any unusual or unexpected variances,.
tested journal entries to identify unusual transactions,.
assessed whether judgments and assumptions made in determining the accounting estimates set out in note I
were indicative of potential bias,. and
investigated the rationale behind Significant or unusual transaction5.
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which
included. but were not limited to-.
agreeing financial statement disclosures to underlying supporting documentation,.
reading the minutes of meetings of those charged with governance.,
enquirin@ of mana@ement as to actual and potential litigation and claims.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the
more that compliance with a law or regulation is removed from the events and transactions reflected in the financial
staternent5, a5 we will be le55 likely to become aware of instances of non-compliance. The risk 15 also greater regarding
Page 13

YORK CITIZENS, THEATRE TRUST LIMITED
INDEPENDENT AUDITOR'S REPORTTO THE MEMBER5 OF YORK CITIZENS, THEATRE TRUST LIMITED
ICONTINUEDI
irregulaiitle5 occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion,
omission or misrepresentation.
A further description of our responsibilities is available on the FRC'S website at.. www.frc.org.uk/auditorsresponsibilities.
Thi5 description form5 part of our auditor's report.
Use of our report
Thi5 report 15 made solely to the ch3ritabl8 comp3riy's member5, 35 a body, in accordance with Chapter 3 of Part 16 of the
Cornpanies Act 2006. Our audit work ha5 been undertaken so that we rnight state to the charitable company's members
those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent
permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the
charitable company'5 rnembers a5 a body, for our audit work, for thi5 report, or for the opinions we have formed.
Laura Masheder (Senior Statutory auditorl
for and on behalf of
BHP LLP
Chartered Accountants
Statutory Auditor
Rievaulx House
I st Mary's Court
Blossom Street
York
Y024 IAH
Date:
2011212023
Page 14

YORK CITIZENS, THEATRE TRUST LIMITED
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES IINCORPORATING INCOME AND EXPENDITURE
ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2023
Unrèstrided
fund5
2023
Rèstrided
fund5
2023
Total
fund5
2023
Total
funds
2022
Note
Income from:
Donations and legacies
Charitable activities
711,863
2.495,440
700,799
3,012
77,498
106,705
818,568
2.495,440
700,799
3,012
79,728
1,358.636
1,495,386
418,510
other trèding activities
Investrnents
1,326
262.631
other income
2,230
Total income
3,988,612
108,935
4,097,547
3,536,489
Expenditure on:
Raising funds
Charitable activities
9.10
857,388
32,357
889,745
747.780
11,12
3,604,556
71,185
3,675,741
2,710,560
Total expenditure
4,461,944
103,542
4,565,486
3,458,340
Net lexpenditurellincome beforè nèt
losses on investments
1473,3321
19,9661
5,393
1467,9391
19,9661
78,149
12.2241
Net losses on investments
18
Net lexpendlturelllncome
Transfer5 between funds
1483,2981
160,106
5,393
1160,1061
1477,9051
75.925
22
Net movement in funds
1323,1921
1154,7131
1477,9051
75,925
Reconciliation of funds..
Total funds brought forward
Net movement in funds
1.835,905
1323,1921
460,230
IIS4,7131
2,296,135
1477,9051
2,220.210
75,925
Total fund5 carried forward
1.512,713
305,517
1.818,230
2,296,135
The Consolidated Statement of Financial Activities complies with the requirements for an income and expenditure
account under the Companies Act 2006 and includes all gain5 and1055es recognised in the year.
The notes on pages 21 to 49 form part of these financial statements.
Page 15

YORK CITIZENS, THEATRE TRUST LIMITED
REGISTERED NUMBER.. 00317560
CONSOLIDATED BALANCE SHEET
AS A T31 MARCH 2023
2023
2022
Note
Flxed assets
Tangible assets
Investments
17
1.041,916
1,065,960
18
487,810
497.776
1.529,726
1,563.736
Current assets
stocks
19
10.261
9,175
421,506
1,111,681
Debtors
20
604.596
849.821
Cash at bank and in hand
25
1,464.678
1,542,362
Creditors.. amounts falling due within one year
21
11,176.1741
1809,9631
Net current 3$5ets
288,504
732,399
Total nèt assets
1,818,230
2,296.135
Charlty funds
Restricted funds
22
305,517
460,230
Unrestricted funds
Designated funds
General funds
22
1,277.7S6
234,957
1,301,800
534,105
22
Total unrestricted funds
22
1.512,713
1,835.905
Total funds
1.818,230
2,296,135
Page 16

## **YORK CITIZENS' THEATRE TRUST LIMITED** 

REGISTERED NUMBER: 00317560 

CONSOLIDATED BALANCE SHEET (CONTINUED) _AS AT 31 MARCH 2023_ 

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. 

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. 

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: 

Ante Green — _Cthete_ Ann Green ( 7c 20, 2023 14:44 GMT) Catherine Clelland (Dec 20, 2023 17:51 GMT) _ctettand_ 

**Ann M Green CBE** 

Trustee 

**Cath Clelland MBE FCMA** 

Trustee 

Date: 20 December 2023 

The notes on pages 21 to 49 form part of these financial statements. 

Page 17 



YORK CITIZENS, THEATRE TRUST LIMITED
REGISTERED NUMBER.. 00317560
CHARITY BALANCE SHEET
AS A T31 MARCH 2023
2023
2022
Note
Flxed assets
Tangible assets
Investments
17
1.041,916
1,065,960
18
487,813
497.779
1.529,729
1,563.739
Current assets
Debtors
20
635,528
533,994
965,243
Cash at bank and in hand
679.319
1,314.847
1,499,237
Creditors.. amounts falling due within one year
21
11,176,174)
1797,7741
Net current assets
138,673
701.463
Total net assets
1.668,402
2,265,202
Charity funds
Restricted funds
22
305,517
460.230
Unrestricted funds
Designated funds
General funds
22
1,277,756
85.129
1,301,800
503,172
22
Total unrestricted fund5
22
1.362,885
1,804,972
Total funds
1,668,402
2,265,202
Page 18

## **YORK CITIZENS' THEATRE TRUST LIMITED** 

CHARITY STATEMENT OF FINANCIAL POSITION (CONTINUED) _AS AT 31 MARCH 2023_ 

The charity's net movement in funds for the year was a deficit of £596,800 (2022: surplus of £117,466). 

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. 

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. 

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: 

Ann Green _Ctenne_ Ann Green 0, 2023 14:44 GMT) Catherine Clelland (Dec 20, 2023 17:51 GMT) _ctettand_ 

## **Ann M Green CBE** 

Trustee 

## **Cath Clelland MBE FCMA** 

Trustee 

Date: 20 December 2023 

The notes on pages 21 to 49 form part of these financial statements. 

Page 19 



YORK CITIZENS, THEATRE TRUST LIMITED
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
Note
Cash flow5 from operating activities
Net cash provided by operating activities
24
1102.8521
711.338
Cash flows from Investlng aetlvltles
Bank interest
3.012
1162,0201
1,326
1156,6521
1500,0001
Purchase of tangible fixed assets
Purchase of investments
17
Net cash used in investin8 artivities
1159.0081
1655,3261
Change in cash and cash equivalents in the year
1261.8601
S6,012
Cash and cash equivalent5 at th8 beginning of the year
1,111,681
1,05S,669
Cash and cash equlvalents at the end of the year
25
849,821
1,111.681
Page 20

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles
1.1 Basls olprepumtlon oAflnanclolstotements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021- Accounting and
Reporting by Charities.. Statement of Recornmended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective
l January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the
Companies Act 2W6.
York Citizens, Theatre Trust Lirnited meet5 the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recogni5ed at historical cost or transaction value unless otherwise stated in the relevant
accounting policv.
The consolidated statement of financial activities ISOFAI and consolidated balance sheet consolidate the financial
staternent5 of the charity and its 5ub5idiary undertaking. The result5 of the subsidiary are con501idated on a line by
line basis.
The charity has taken advantage of the exemption allowed under section 408 tsf the Companies Act 2006 and has
not presented its own statement of financial activities in these financial statements.
1.2 Going concern
For the year ended 31 March 2023 the Group has sustained a loss of £477,905 and reduced its General Fund to
£234,957.
As noted in the Tru5tees' Report, the Group has not experienced what might be considered norrnal conditions
since the Covid-19 pandemic. Theatre attendances and income for the period have not increased back to 2019
levels while inflation and the Ukraine conflict have increased costs.
Current forecasts for the year ended 31 March 2024 show the Group will report a deficit of £420,000. At the
balance sheet date of 31 March 2024, cash reserves are expected to be £650,000 but after reserve transfers the
General Fund would have no free reserves. Without intervention the Group is forecasting a similar deficit for the
vear ended 31 March 2025.
The Trustees recognise that there is much uncertainty, and the economic climate continues to be challenging.
Constant work is ongoinE to seek new operating income opportunities and other funding options, but these take
time.
To help improve the financial posltion in the short-term the Trustees have identified the following action5'.
Increasing theatre ticket prices.
Reduce losses on own productions.
Invest in fundraising activitie5.
Consolidate management team.
Explore funding from significant regional benefactors.
The Trustee5 recogni5e that significant uncertainty exists in respect of the anticipated funding sources and their
timing. The cash flow challenge will be at the end of the winter period in early 2025, when the theatre goes black.
With the above actions. the Group would be breakeven for the year ended 31 March 2025.
Page 21

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles Icontlnuedl
1.2 Going concern fcontinued)
Whilst the Trustees recognise the challenges and uncertainties that the theatre faces. they believe that with
continued 5UPPOrt from Art5 Council England and with the action5 above, and continued scrutiny by the Trustee
Board, the Group and parent charitable cornpany will continue as a going concern. The Trustees therefore continue
to adopt the going concern basis of preparation for the financial statements.
1.3 Compony status
The charity 15 a company limited by shares, incorporated in England and Wales. The company's registered office is
as stated in the Trustees. Report.
The liability of eath shareholder on winding up is limited to £1 for each share held.
1.4 Fund occountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of
the general objective5 of the Group and which h3ve not been designated for other purposes.
Designated funds comprise unrestricted funds that have been Set aside by the Trustees for particular purposes. The
aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or
which have been raised by the Group for particular purpose5. The cost5 of raising and administering such funds are
harged against the Specific fund. The aim and use of each restricted fund is set out in the notes to the financial
statements.
1.5 Intome
All income 15 recognised once the charity ha5 entitlement to the income, it 15 probable that the income will be
received and the amount of income receivable can be measured reliablv.
Charitable trading activities
Income from theatre admission fees net of Box Office commission is included in charitable activity income in the
period in which the relevant show takes place.
Commercial trading activities
Income from commercial activite5 is included in the period in which the group is entitled to receipt within raising
funds.
Donation5 and grants
Income from donations and grants, includin8 capital grants, are included in income when these are
receivable, except as follows..
When donors specify that donations and grants are given to the charity must be used in future
accounting periods, the incorne 15 deferred until those periods.
When donors imp05e condition5 which have to be fulfilled before the charity becomes entitled to use
such income, the income is deferred and not included in income until the pre-conditions for use have been
Page 22

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles Icontlnuedl
1.5 Income (continuedj
met.
Grants received in relation to the government Coronavirus Job Retention Scheme (Furlough) have been
retogni5ed within other incoming re50urce5. The grant is accounted for on the accruals basi5 once the
related payroll return has been submitted.
When donors specify that donations and grants. including capital grants. are for particular restricted purposes,
which do not arnount to pre-condition5 regarding entitlement, this inctsme is intluded within restricted income
when receivable.
Interest receivable
Interest is included when reteivable by the tharity.
Other income is recognised in the period in which it is receivable and to the extent the 8oods have been provided
or on completion of the service.
1.6 Expendlture
Expenditure is retognised once there is a legal or construrtive obligation to transfer economic benefit tts 3 third
party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the
obligation can be measured reliably. Expenditure is classified by activity.
Certain expenditure 1% directly attributable to specific activities and has been included in the relevant cost
categories.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include
central functions that have been allocated to activity C05t categoiies on a basis con51Stent with the use of
resource5.
Governance costs are those incurred in connection with compliance with constitutional and statutory
requirement5.
Expenditure on stage properties, scenery and effects is not capitalised (unless the properties, scenery and effects
can be used in future productions), as it is considered that such costs more truly reflect direct production costs and
are, therefore, written off in the financial year in which the relevant production opens.
Expenditure on raising fund5 include5 all expenditure incurred by the Group to raise fund5 for its charitable
purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertakine the activities which further the Group's
objectives, as well as any a55OClated support e05ts.
All expenditure is inclusive of irrecoverable VAT.
Page 23

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles Icontlnuedl
1.7 Basis of consolidotion
The financial statements consolidate the accounts of York Citizens, Theatre Trust Limited and all of its subsidiarv
undertakings I'subsidiaries'l.
The charity has taken advantage of the exernption contained within section 408 of the Companies Act 2006 not to
present its own Income and expenditure account.
The income and expenditure account for the year dealt with in the accounts of the tharity Wa51£596,800112022..
£117,466).
1.8 TanglbleAixed ossets anddepreclatlon
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are
probable and the c05t or value of the asset can be measured reliably.
Tangible fixed assets are initially reco8nised at cost. After recognition, under the c05t model, taN8ible fixed a55et5
are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to
bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation 15 charged 50 35 to allocate the cost of tangible fixed a5%et5 less their residual value over their
estimated useful live5,
Depreciation is provided on the following bases..
Signal Box Theatre
Leasehold improvements
Il% straight line
Over expected life of the asset, varying from 6%-
43% straight line
Over expected life of the asset, varying from lO%-
50Yo Straight line
20Yo Straight line
Plant and equipment
Motor vehitle5
1.9 Investments
Investments in subsidiaries are valued at cost less provision for impairment.
i.io stocks
Stocks ère valued at the lower of c05t and net realisable value after making due allowance for obsolete and slow-
moving stocks.
1.11 Debtors
Trade and other debtors are recoenised at the settlement amount after any trade discount offered. Prepayments
are valued at the amount prepaid net of any trade discount5 due.
Page 24

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Accountlng pollcles Icontlnuedl
1.12 Cash ¢7t bank ond in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity from the
date of acquisition or opening of the deposit or similar account.
1.13 Creditors andprovisions
Creditors are reco8nised when there 15 an obligation at the balance sheet date as a result of a past event, it is
probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can
be estimated reliably.
Creditors are recognised at the arnount that the charity anticipate5 It will pay to settle the debt or the amount it
ha5 received a5 advanced payments for the goods or services it rnust provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of
the time value of money is material, the provision is based on the present value of those amounts, discounted at
the pre-tax discount rate that reflect5 the ri5k5 specific to the liability. The unwinding of the di5eOUnt 15 recogni5ed
in the consolidated statement of financial activities a5 a finance c05t.
1.14 Flnonciul Instruments
The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic
finantial instrument5 are initially recognised at transaction value and 5ub5equently rneasured at their settlement
value with the exception of bank loan5 which are subsequently measured at arnortised cost Using the effective
interest method.
1.15 Penslons
The Group operates a defined contribution pension scheme and the pension tharge represents the amounts
payable by the Group to the fund in respect of the year.
1.16 Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
The c05t of any unused holiday entitlement is recognised in the period in which the employee's service5 are
received.
Termination benefits are recogni5ed immediately as an expense when the tompany is demonstrably committed t
terminate the employment of an employee or to provide termination benefits.
Page 25

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Critital attounting estimates and arèas of judgment
Estimates and judgrnents are continually evaluated and are based on historical experience and other factors,
including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions..
The charity makes estimate5 and 3s5umption5 concerning the future. The resulting actountirig e5tirnate5 and
assumptions will, by definition, seldom equal the related actual result5. The estimates and assurnptions that have
significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next
financial year are discussed below.
lil Support costs
staffing and administration support costs are allocated across the activities of the theatre. Support costs are
allocated on a basis consistent with the use of resource5.
Page 26

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Income from donations and legacies
Unrestrlcted
funds
2023
Restrleted
funds
2023
Total
funds
2023
Total
funds
2022
Donatlons
Arts Council England, Yorkshire
Individual Giving and the 1774 Club
Audrey and Duncan Savage Fund
Creative Engagement
Richard 111 Commission
598.OS9
61,3CNJ
598.OS9
61,3CNJ
10.0
23,488
598,059
68,503
10,000
23,488
5,485
7,000
NT Connections
7,477
35,000
7,477
35.000
12,073
13.440
13,713
3,825
35,000
13,210
2,333
Patricia and Donald Shepherd Charitable Trust
Community giving donation5
Corporate giving
Website development fund
Gmnts
12,073
13.440
13,713
Culture Recovery Fund Grant
other donations
619,241
5.980
26.991
17,027
44.018
711.863
106,705
818.568
1,358.636
Total 2022
684,701
673.935
1,358,636
Page 27

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Income from charitable artivities
Unrestrleted
funds
2023
Total
funds
2023
Total
funds
2022
Admission fees (box office receipts)
Co-production income
Education and outreach
2.260,344
112,008
2,260.344
112.008
1,270,144
119.248
123,088
123.088
105,994
2.495,440
2,495.440
1,495,386
Total 2022
1,495,386
1,495,386
Income from other tradin8 activities
Income from fundralsSng events
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Props. electrical hire and merchandising
Lettin85, room hire and corporate entertainment
Costume hire and making
3,023
10,311
35,447
3.023
10.311
580
1,197
35.447
19.012
48,781
48.781
20.789
Total 2022
20.789
20.789
Page 28

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Income from other tradlng artlvltles Icontlnuedl
Income from non charitable trading artivities
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Other income
11,1301
190,045
179,904
71,346
11,1301
190.045
179,904
71.346
Bar sales
110,406
120,472
35,685
Catering sales
Ice cream and sweet sales
Merchandise and programme sales
Box office services
33,388
178,465
33,388
178.465
18,218
112,940
652,018
652.018
397,721
Total 2022
397.721
397.721
Total income from of fundraisin8 and other charilable tradin8 activities ha5 been 5ummarised in note 6.
Summary of fundraising and tharitable artivities
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Fundraising events
Charitable trading activitie5
48,781
48.781
20.789
652,018
652.018
397,721
700,799
700.799
418,510
Page 29

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Investment income
Unrestrleted
funds
2023
Total
funds
2023
Total
funds
2022
Bank interest
3,012
3.012
1,326
Total 2022
1.326
1,326
Other Income
Unrestrirted
funds
2023
Restricted
funds
2023
Total
funds
2023
Total
funds
2022
Sundry income
Gift aid income
55.769
21.729
55,769
21.729
60,590
Coronavirus job retention scheme income
Coronavirus business support 8rant
Holiday Activity and Food Programme
124,562
71,625
5,854
2,230
2,230
77.498
2,230
79,728
262,631
Total 2022
222,652
39,979
262,631
Page 30

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Expenditure on raisin8 funds
Fundrulslng tradlng expenses
Unrestrirted
funds
2023
Restrirted
funds
2023
Total
funds
2023
Total
funds
2022
Marketing and fundraisine
Tradin8 activitie5
Costume hire and making
Fundraising tradin8 expenses- wages costs
Fundraising trading expenses- Nl
Fundraising tradin8 expenses- pension costs
193.677
25.600
5.207
120.733
11.259
4.077
4,753
198.430
25.600
5.207
148.337
11.259
161.898
38,719
5.095
116,227
9.692
2,810
27,604
4.077
360.553
32,357
392.910
334,441
Total 2022
269,328
65,113
334,441
Page31

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Expendlture on ralslng funds Icontlnuedl
Other trading expenses
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Bar purchases
Catering purchases
Event5, hire and performance cost of sales
Ice cream and sweets purchases
Merthandi5e and programme purchases
Box office service costs recharged
Box office service costs of sale5
63,341
76,383
874
63,341
76.383
874
37,597
49,555
846
21,806
21.806
9,712
29,461
64,516
45,172
34,325
160,957
29,461
64.516
45,172
34.325
160,957
14,021
50,799
42,347
40,151
168,311
Administration expenses
Administration staff costs
496,835
496,835
413,339
Total 2022
413,339
413,339
Total costs of raising funds have been summarised in note 10.
io.
Summary of ralslnB funds
Unrestrittèd
funds
2023
Rèstritted
funds
2023
Total
funds
2023
Total
funds
2022
Fundraising trading expenses
Other trading expense5
360,553
496.835
32,357
392,910
496.835
334,441
413,339
857.388
32,357
889.745
747,780
Total 2022
682,667
65,113
747,780
Page 32

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
SplSt between dlrect and support costs
Dirert C05t of
activities Support costs
2023
2023
Total
funds
2023
Total
funds
2022
Cost of generating funds
Fundraising trading costs
Subsidiary trading tosts
294,155
27.633
41,681
29,441
335,836
57.074
295,722
38,719
496,835
496,835
413,339
818,623
71,122
889,745
747,780
Ttstal 2022
662,739
85,041
747,780
ii.
Analysls of expendlture on charltable actlvitles
5ummury byAund type
Unrestrirted
funds
2023
Restricted
funds
2023
Total
2023
Total
2022
Admission fees (box office receipts)
Theatre tax relief
3,659.896
1267.4151
191.487
3,945
3,663.841
1267.4151
258.727
2,624.497
1138,3571
206.317
Education and outreach
67,240
Governance
20.588
20.588
18,103
3,604.556
71,185
3,675.741
2,710,560
Total 2022
2,310,283
400,277
2,710,560
Page 33

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
12.
Analysis of expenditure by activities
Actlvltles
undertaken
dirertly Support wsts
2023
2023
Total
funds
2023
Total
funds
2022
Operation of theatre
Theatre tax relief
2,765.085
1267,4151
200.540
898,756
3,663.841
1267,4151
258.727
2,624,497
1138,3571
206,317
Education and outreach
58,187
Governance
20,588
20,588
18,103
2,718,798
956,943
3,675,741
2,710,560
Total 2022
1,911,475
799,085
2,710,560
Page 34

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
13.
Allocation of support costs
The trust allocates its support costs as shown in the table below. The support costs are allocated on a basis
consistent with the use of resources.
Allocated to
Operation of cost of raising
Theatre
funds
2023
2023
Total
funds
2023
Total
funds
2022
Administration salaries
165.046
111.704
30,030
2,597
195.076
114.301
188,690
97.535
other staff costs
Premise5 Costs
440.145
24.069
440.145
25.364
320,899
26.657
Computer. stationery and postage costs
Travelling and sub515tence costs
Legal and professional costs
Other sundry expenses
Irrecoverable VAT
1,295
405
2.538
462
3.000
1.317
27.411
28.609
7,153
942
34.564
29.551
29,749
25.476
Depreciation, loss on disposal and impairment of
fixed assets
157.421
28,643
186.064
193,398
Tot¢712023
956.943
71,122
1,028.065
884,126
Total 2022
799.085
85.041
884.126
14.
Net Incomellexpendlturel
This is stated after charging..
2023
2022
Depreciation of tangible fixed assets..
owned by the charitable group
Auditor's remuneration- audit
186,064
193,398
17,175
2,825
13,125
2,S75
Auditor's remuneration- other Services
Page 35

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
15.
Staff costs
Group
2023
Group
2022
Charlty
2023
Charity
2022
Wages and 5al3ries
Social security costs
Contribution to defined contribution pension
5cheme5
1,203,827
79.578
1,074,466
70,901
1,203,827
79.578
1,074,466
70,901
24.023
21,784
24.023
21,784
1,307,428
1,167,151
1,307,428
1,167,151
The average number of persons employed by the charity during the year was as follows..
Group
2023
No.
Group
2022
No.
Average monthly headcount
147
105
The average headtount expressed as full-time equivalents was..
Group
2023
Group
2022
Average full-time equivalent
59
44
No employee received remuneration amounting to more than £60,000 in either year.
The average number of key management personnel in the year was for I role12022'. 1) and total key management
personnel remuneration including employers Nl and pension was £75,27812022.. £68,812).
16.
Trusteès, rèmuneration and èxpènses
During the year, no Trustees received any remuneration or other benefits12022- £NILI.
During the year ended 31 March 2023, no Trustee expenses have been incurred12022. £NILI.
Page 36

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
17.
Tanglble flxed assets
Group and Charity
Slgnal Box
Leasehold
Theatre Improvements
Plant and
equipment
Motor
vehicles
Total
Cost or vuluotion
At l April 2022
Addition5
954
1.446.724
1,101.587
7,000
2,556,265
157.282
4.738
162,020
At 31 March 2023
954
1,604,006
1,106,325
7,000
2,718,285
Depreclutlon
At l April 2022
Charge for the year
903
712,205
94.383
770,197
91.630
7,000
1,490,305
186,064
51
At 31 March 2023
954
806.588
861.827
7,000
1.676,369
Net book vulue
At 31 March 2023
797,418
244.498
1,041,916
At 31 March 2022
51
734,519
331,390
1,065,960
Page 37

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
18.
Flxed asset Investments
Investments
in subsidiarv
tompanies
Llsted
investments
Total
Charity
Cost or vuluotion
At l April 2022
Revaluation5
497,776
19,9661
497,779
19,9661
At 31 March 2023
487,810
487,813
Net book v¢71ue
At 31 March 2023
487,810
487,813
At 31 March 2022
497,776
497,779
The historical cost of the investments is £500.00012022- £500.0001
Principal subsidiaries
The following were subsidiary undertakings of the charity..
Names
Companv
number
Holdlng
Included In
consolidation
York Theatre Royal EnteTPfises Limited
York Theatre Productions Limited
02909939
09308382
100% Yes
100% Yes
The financial results of the subsidiaries for the year were-
Names
Income
Expendlture
ProfitllLossl
for the year
Net assets
York Theatre Royal Enterprise5 Lirnited
York Theatre Productions Limited
1,201,893
717,351
1,052,065
988,066
149,828
1270,71SI
180,763
Page 38

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
19.
Stocks
Group
2023
Group
2022
Finished goods and goods for resale
10.261
9.175
20.
Debtors
Group
2023
Group
2022
Charity
2023
Charity
2022
Trade debtors
39.384
81.131
39.384
81.131
Amounts owed by group undertakings
other debtors
438.336
9.892
249,177
417.296
136.689
Prepayments and accrued income
147.916
203,686
147.916
203,686
604,596
421,506
635,528
533,994
21.
Creditors.. Amounts falling due within one year
Group
2023
Group
2022
Charity
2023
Charity
2022
Trade creditors
127.078
19,605
156.565
872,926
121.312
19,611
68.111
600,929
127.078
19,605
156.565
872,926
109.123
19,611
68.111
600,929
Other taxation and social security
Other creditors
Accruals and deferred income
1,176,174
809,963
1,176,174
797,774
Page 39

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Group
2023
Group
2022
Charlty
2023
Charity
2022
Deferred income at l April 2022
Resources deferred during the year
Amounts released from previous periods
181,969
552.015
1390,4551
181,969
390,455
1390,4551
390,455
552.015
1390,4551
181,969
390,455
1181,9691
343.529
181.969
552.015
390.455
Deferred income comprises admission fees received in advance and grants which the donor has specified must be
used in future accounting periods.
Page 40

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
22.
statement of funds
Statement of funds- turrent year
Balance at I
Aprll 2022
Transfer5
Inlout
Gain51 Balance at 31
(Losses) March 2023
Income
Expenditure
Unrestricted
fund5
De5igngtedfunds
Designated Fixed
A55et Fund
1,065.960
1186.0641
162,020
1.041,916
Designated Fund-
Community
Production5
221.664
221,664
Designated Fund-
Creative
Director
14.176
14,176
I,301.8C￿7
1186.0641
162,020
1.277,756
GenerolAunds
General funds
503.131
30.933
2.786,719
1.201,893
13,223.8161
11,052.0641
29,019
130,9331
19.9661
85,087
149,829
Enterprise5
Share capital
41
41
534.105
3.988,612
14,275.8801
11,9141
19.9661
234,957
Totol Unrestricted
lund5
1,835,905
3,988,612
14,461,944)
160,106
19,9661
1,512,713
Page 41

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
22.
statement of funds Icontlnuedl
Restritttdfunds
City of York
Capital Fund
Patricia & Donald
Shepherd
Charitable Trust
399,454
1154,4381
245,016
15,872
11.427
35,000
9,632
135,1701
13.7S41
15,702
17,305
Access All Areas
Patio Project
NT Connections
5,668
3.825
15,6681
7,477
19.4951
1,807
Development
Support Fund
ICOVID 191
Holiday Activitv
and Food
Programme
37 Play5
13.891
13,713
127.6041
2.001
I,ocNJ
2,230
13,000
11.OSS1
110,1221
3,176
3,878
Commission
3.711
11.8791
13.9451
11.2501
1,832
Pay It Forward
Julius Caesar
675
4,080
810
5,000
3,750
Theatre Trust- VR
Grant
4,753
14.7S31
Audrey and
Duncan Savage
Fund
10,000
10,000
Other restricted
funds
2.706
4,050
14.5151
2,241
460.230
108,935
1103.5421
1160,1061
305,517
Total ofAunds
2,296,135
4,097,547
14,565,486)
19,9661
1,818,230
Page 42

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
22.
statement of funds Icontlnuedl
Statement of funds- prior year
Balance at
31 March
2022
Balance at
l April 2021
Transfers
in/out
Gains/
(Losses)
Intome
Expenditure
Unrestricted
fund5
DtsignottdAunds
Designated Fixed
A55et Fund
1,102,706
1193,3971
156,651
1,065,960
Designated Fund-
Community
Productions
221,664
221,664
Designated Fund-
Creative
Direttor
14,176
14,176
1,102,706
1193,3971
392,491
1,301,800
Generalfunds
General funds
470,360
2,370,347
12,378,258)
1421,2951
42,906
172,4741
12,2241
503,131
Enterprises
Share capital
72,474
41
452,228
30,933
41
542,875
2,822,575
12,799,553)
129,5681
12,2241
534,105
Totol Unrestricted
fund5
1,645,581
2,822.575
12,992,950)
362.923
12,2241
1,835.905
Page 43

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
22.
statement of funds Icontlnuedl
Restritttdfunds
City of York
Capital Fund
Patricia & Donald
Shepherd
Charitable Trust
531,002
1131,5481
399,454
1,949
9,480
35,(￿0
1,314
121,0771
12,8461
13,8481
15,872
11,427
Access All Areas
3,479
Patio Project
NT Connections
9,516
5,668
3,825
3,825
Development
Support Fund
ICOVID 191
Holiday Activitv
and Food
Programme
37 Play5
13,891
13,891
5,854
I,(￿0
13,8531
2,001
1,000
Commission
7.000
13,2891
11,0951
3.711
Pay It Forward
Arts Council
Culture
Recovery Fund
The Berwick Kaler
Foundation
1,770
675
1661
619,241
1387,8001
1231,3751
3,587
13,5871
The Platform
Project
Theatre Making
3,507
1281
13.4791
2,500
12,5001
Kickstarter
Programme
other restricted
funds
34,125
134,1251
1,763
2,285
11,3421
2,706
574,629
713,914
1465,3901
1362,9231
460,230
Total offunds
2,220,210
3,536.489
13,458,340)
12,2241
2,296.135
Page 44

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Restrlcted funds
City of York Capital fund a donation of funding to support the Theatre with it5 ongoing capital costs and capital
redevelopment projects. The transfer relate5 to the transfer of fixed assets from restricted to unrestricted fund5, as
the assets are held for general purposes.
Patricia and Donald Shepherd Charitable Trust Fund funding received to support the provision of an Outreath
Director to work with disadvantaged groups acr055 the City.
Access All Areas- funding has been made from the Ed De Nunzio Charitable Trust to support the Access All Areas
drama group. The group work5 Wlth a group of young people aged 12-16 who are vulnerable, socially excluded or
disadvanta8ed in some way and would not usually acces5 Out rnain5tream Youth Theatre.
Patio Project- these funds have been generated through a variety of appeals and events. The funds will we be
used for the redevelopment of the Patio area.
NT Connections- these funds were received from the National Theatre to support the'connections Project, at
York Theatre Royal.
Development Support fund ICOVID-191 Thi5 donation from a private individual wa5 received to support the
ongoing cost of Fundraising and Marketing during the COVID-19 pandemic.
Holiday Activity and Food Programme- funding reteived from City of York Council to support holiday activitie5 for
disadvanta8ed children.
37 Plays- funding from the R5C to support a nationwide playwriting project. working with 12 theatre partners
aeros5 the country with the aim to get the nation writing.
Richard 111 Commission funding from the Richard111 Society CLG to support the creation and commission Df a new
play about Richard 111.
Pay it Forward this fund relates to individual donations from customers for the provision of free tickets for
disadvantaged groups to see a number Df productions across the year.
Juliu5 Caesar- Funding 5UPPOrting the formation of a community chorus to perform in the RSC production working
alongside a local musical director.
Theatre Trust- VR Grant- Funding from Theatre's Trust Small Grants Programme tts capture immersive recordings
of live performances and deliver them using VR technology.
Audrey and Duncan Savage Fund- To support small capital projects.
Arts Council Culture Recovery Fund- Thi5 funding reflects the grant received and due for the round I bid for
Cultural Recovery Fundin8.
Page 45

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Kickstarter Programme- a government funded initiative to create work experience opportunities for 16 to 24 year
olds on Universal Credit who are at risk of long term unernployment. The Theatre worked in partnership with the
Muslim Council of Great Britain to provide six placements during 2021122.
Other restricted funds include the Name a Seat fund, YTR Bookclub, Theatre for Wellbeing Programmes,
Coppergate Woman fund, Street Life Project and the Terry Bound5 Donation.
Transfers
Transfer5 in the year represent the release of capital grant funding and the transferlrelease of funds previously
designated by the trustee5.
23.
Analysis of net asset5 between funds
Analysis of net assets between funds- current year
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
1.041,916
1.041,916
487,810
487,810
Current assets
1.159,161
11.176,1741
305.517
1.464,678
11.176,1741
Creditors due within one year
Totsl
1.512,713
305.517
1,818,230
Analysis of net assets between funds- prior year
Unrestricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Tangible fixed assets
Fixed asset investments
1,065,960
1,065,960
497,776
1,082,132
1809,9631
497,776
1,542,362
1809,9631
Current assets
460.230
Creditors due within one year
Totol
1,835,905
460,230
2,296,135
Page 46

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Reconciliation of net movement in funds to net Cash flow from operating activities
Group
2023
Group
2022
Net incomelexpenditure for the year la5 per Statement of Financial Attivitiesl
1477,9051
75,925
Adjustmentsfor..
Depreciation charges
L05se5 on inve5tment5
186.064
9,966
13.0121
11,0861
1183.0901
366,211
193,398
2,224
11,3261
15,8421
1137,3411
584,300
Bank interest
Intrea5e in stotks
Increase in debtors
Intre35e in creditors
Net cosh pmvldedby opemtlng actlvltles
1102.8521
711.338
25.
Analysis of cash and cash equivalents
Group
2023
Group
2022
Cash in hand
849.821
1,111,681
Totol cash andc95h equivqlent5
849,821
1,111,681
26.
Analysis of changes in net debt
At l April
2022
At 31 March
2023
Cash flows
Cash in hand
1,111,681
1261,8601
849,821
1.111,681
1261,8601
849,821
Page 47

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
27.
Capltal commltments
Group
2023
Group
2022
Charity
2023
Charity
2022
Contructedfor but not provided in thesefinanciol
statements
Acqui51tion of tangible fixed assets
152,913
152,913
28.
Penslon commltments
The Eroup operates a defined contribution pension scheme. The assets of the scheme are held seperately from
those of the group in an independently administered fund. The pension c05t charge represent5 contributions
payable by the group to the fund and amounted to £24,02312022'. £21,784). £8,31712022- £7,031) was payable to
the fund at the Balance Sheet date and are included in creditors.
29.
Operating lease commitments
At 31 March 2023 the Group and the charity had commitrnent5 to make future minimum lease payments under
non-cancellable operating leases as follows-
Group
2023
Group
2022
Not later than I year
Later than I year and not later than 5 years
Later than 5 years
29.331
29.331
109.OiXI
297.479
111,081
324.729
435.810
465.141
Of the commitments above, £433,72912022.. £460,979) is payable to the York Conservation Trust IN relation to
rent.
Page 48

YORK CITIZENS, THEATRE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH 2023
Rèlated party transactions
York Theatre Royal Enterprises Limited is a wholly owned subsidiary of York Citizens, Theatre Trust Limited. Some
of the trustees of the charity are also directors of the company. At the year end, amounts owed from York Theatre
Royal Enterprises Limited were £30,933 12022.. £112,489). During the year the charity received income from a
managernent charge of £33,34412022.. £32,S321. In addition, the charity allocated grant of £nil12022.. £nill to the
subsidiary. During the year total gift aid donation were made from York Theatre Royal Enterprises Limited to the
charity totalling £30,93312022'. £72,474).
Ytsrk Theatre Productions Limited is a wholly owned subsidiary of York Citizen5' Theatre Trust Limited. Some of the
trustees of the charity are also directors of the company. At the year end, amounts owed frorn York Theatre
Productions Limited were £407,40312022.' £136,688), this amount reflects tax credits due from the subsidiary.
During the year there wa5 income of £20,40412022.. £19,075) and expenditure of £2,39112022.. £8901 relating to
York St John University, an or8ani5ation in which Cath Clelland was a trustee of during the year and Dr Avijit Datta
was a Foundation Committee member. A balance of £113 is owed from12022'. £5061 the University to the charity
as at the year end.
During the year there was income of £5012022: £nill and expenditure of £nil12022= £nill with York Music Hub, a
charity in which Ann M Green was also a trustee during the year.
During the year there wa5 income of £nil12022.. £nill and expenditure of £11,93612022.. £2,928) with Make It
York, a charity in which Will Zhuang was also a trustee during the year.
During the year there was income of £8212022.. £nill and expenditure of £755 12022.. £2,198) with York BID
Limited, a company in which Will Zhuang was also a director during the year.
During the year there was income of £27,23012022'. £5,854) and expenditure of £34412022- £7791 with City of
York Council Limited. a company in which Will Zhuang was also a director during the year.
During the year there wa5 income of £15012022.. £nill and expenditure of £nil 12022.. £nill with RAR Colton
Consulting Limited, a company in which Craig Colton was also a director during the year.
During the year there was income of £9,613 12022.. £nill and expenditure of £49,75212022= £nill with Frantic
Assembly, a charity in which Matthew Hunnybun wa5 also a trustee during the year.
During the year there was income of £nil12022.. £nill and expenditure of £40012022.. £nill with University of York,
a eh3rity in which Tom Bird, the former Chief Executive, was a trustee during the year.
During the year. expenses were paid to Trustees totalling £32912022.. £nill.
There are no other related party tr3nsaetion5 to disclose.
Page 49