)?*
Registered number.. (K)317560
Charity number- 229396
YORK CITIZENS, THEATRE TRUST UMITED
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
"AcIzwJfK•
2311W2023
COMPANIES HOUSE
A17
*164

YORK aTIZENS' ThEATRE TRUST UMITED
CONTENTS
Paee
Reference and zdmini51ratl¥e details of the charlty, ItsTrustees and ad¥isers
Trustees. report
3-10
Independent auditor's report on thefinan¢ial statements
11-14
Con501idated 5taternent of finandal actl¥ities
Is
Consolldaied balance sheet
16-17
tharlty balance sheet
18-19
Consojidattd statemÈnt of ffto¥
Notes to the flnandal Statements
21-49

YORK cfTIZÉNS'THEATRETftUST UMITED
REFERENCE AND ADMINISTRATtVE DETAILS OF THE CHARITY. ITS TRUSTEES AND AOVISERS
FOR fHE YEAR ENDED 31 MARCH 2023
Trustees
Ann M Green CBE. Chair
Cath Oelland MBE lappointed 14 Au8VSt 20221
Tiggy Clifford Iresigned 17 April 20231
Crai8 Colton lappointed 14 Augusr 20221
Avijit Datta IresiEned 6 December 2023
sie¥en Jackson-winter lappointed l January 20231
Richard JaBger (resigned 17 April 20231
Saira Khan (appointed l January 20231
Matthew Noddin8s lappointed 14 August 20221
Maggle Pavlots lappointed 14 August 20221
Katie Posner
Romana Shah (resigr￿ 25 April 20221
Richard 5miih (resigned 3 August 20231
Paul Smiih
Will 2huane
Mairhew Hunnybun lappointed l Marth 20231
Company regSstered
number
C#)317560
tharity registered number 229396
Registered office
St Leonards Place
Y￿k
YOI 7HD
Company secretary
Julie Crampsie
Chief executive officer
Paul Crewes lappointed 9 Oclober 20231
Independent zuditor
BHP LLP
Chariered Accountants
Ilievaulx House
I St Mary's Court
B105$0m sireet
York
V024 IAH
Bankers
HSBC 8ank PLC
13 Parliament Street
York
Yoi 8XS
PaRe I

YORK OTIZENS. THEATRE TRUST UMITED
REFERENCE AND ADMINISTRATrVE DETAILS OFTHE CHARITY, ITSTRUSTEES ANDADVISERS ICONTINUEDI
FOR THE YEAR ENDED31 MARCH 2023
Sollcltors
Rollits LLP
For5Vth House
Alpha Courr
Monks Cross Drive
York
Y032 9WN
Investment Managers
CCLA
Senator House
52 Wittoria Street
London
EC4V 4ET
Pagt 2

YORK cmzENS' ThEATRE TRUST UMrrED
TRUSTEES. AEPORT
FOR THE YEAR ENDED 31 MARCH2023
The Trustees are ￿eased to present their annual report iogether with ihe ¢¢)nsoiidated audited financial statements ol
the charity and its subsidiarie5 for the year ended 31 March 2023
The financial slatement5 corn￿¥ with the Charilies Att 2011. Ihe Companies Act 2CXJ6. the Articles of Associat￿0￿ and
Aicounting and Reportin8 by Charities Statement of Recornmended Practice applicable to charities preparing their
actounis in accordance w*th ihe Financial Reportine Standard applicablè to ihe UK and Republic of Ireland IFRS 1021.
Sinte the charity and the group qualifies as small under section 383. the strategic report required of medium and large
companies under The Cornparties Aci zc*)6 (Strategic Report and Director's Reportl Regulations 2013 is not required.
Objertives and Acli¥ities
. Policies and objerti¥es
Oblerts of ihe Charlty
The Articles of Assooation of the Trust detail the primary objects of the Charity.. these can be surnmarised as..
To conserve, develop and enhance York Theatre Royal for the benefit of ihe public. a5 a working Iheatre. for the
sole purpose of advancin8 the education ol the public in the appreciarion and under5tandin8 of the dramatic and
musical art5 in all their forms.
To promote and advance education by the encouraÉemerf of the arts, to improve the general siandard of
dramatic produttions in York and elsewhere. and io provide the Charity's theatre to be used for public lectures,
cinernatic performances w other eniertainments and exhibitions considered to be of educational merit.
To ¥e£ENe, educaie arKI irain students in the arts of drama. mime. dance. music. ballet, opera. puppetry, painting
and stulpture. photography. cinema. Itterature and poetry.
Idi
To acouiie interest in copyright and rbBhis of representation and other right5 of or in plays. music. songs, word5.
operas. comedies and £omposition5 of an educaiional rnerit or calculated to improve ihe general siandard of
dramatic prodvctions in York and dsewhere fof Ihe bertefit of the public
TL) carry on the busines5 Of the Sale of food. drink ar¥J pfo8rammes. such activities to be solely ancillary to the
furtherance of the Charilvs Oty'ects.
York Thearre Royal is a producing theatre. The theatre premises are owned by York Conservation Trust and are leased to
the Charily. The premises include the Main House 1761 capacity) and the Studio 186 capacity). with extensive foyer
catering areas served by 3 full production kilchen. The Charily also renls a unit in Osbèldwick for the purposes of costume
hire and product*on 5tora8e. We acquired space at HaT8rave House that house5 our rnakin8 wardrobe. The 3-year lease
wa5 518ned in October 2022.
Page 3

YORK cmzEN5' THEATRE TRUST UMrrED
TRUSTÉES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
b. Strate8ic Cfmtext
The Charity feceive5 revenue funding as an Arts Council Eng13nd National Portfolio OrgaThsation INPOI and normally aligns
Its strategic planning with that lunding cycle.
In Novernber 2022 Ycrr was inlorrned that our application had been successful and that we had been awarded an
investrnent of E598,059 for a 3-year period from 2023 to 2026. ACE stated '(￿r911. York Theatre Royol's 2023-26 octivity
wtll consolidote work to dore with o cleor plon to deliver J ploce-bosed high quoltty ¢reattve ond culturol proqramme -
underpinned bytommunity co<re0t￿n ond CYP eng09ement.'
The or8￿1$ation.s cwe purpose stattmenl rEad5 as foll(V￿.
York Theaire Royal is a brave treative hub at the heart of the tity. and it is here for you.
These sta8es. buildings and our oty will thrr4e with live theatre of exceptional quality made with you - the world's most
exciting artists- with more of the world's most extiting artists.
We wlll be known and admired e¥erywhere for T*oik wlth Vou.
The or8anisaiional values we adopted in 2018 remain in ￿aCe.
We are ambitious. throughout the Qfganisation
We are sturdy
We Care about the climate
We ale welcomin8
We are amba55adors for York
We celebraie the Citvs diversity- it rnakes us bloom
We are creative in e¥ery coni
We pull togethef
Howthe tharity deli¥ers its tharitable
The Charity Seeks to further rts purposes for ihe wblic benefii through its core programme of crEaiive actimty including..
its production. co-producrion and presentarion of drama and other performinR arts events together with its extensive
learnin& engaRemenr and pariicipation pr￿ramme$ with young people and adylls. developed throuRh well defined
regional, national and international relationships.
Pa£e 4

YORK OTIZE14S' THEATRE TRUST LIMITED
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2023
c. Revlew of ¥afvI￿e$
Achievements in Xl22-23..
Creative En8a8ement planned to estèblth three community hubs but in fau established five in New Earswick, Acomb,
Drin6house5. Tan8 Hall. and York St John Unwersity.
Highlights in artist developrnent included GREEN SH(KJTS. the commiss￿•r￿ and pre5entin8 of local artist work irs the
Main House, and TAKÉOVER. workin8 With york St John students lo plan and present a festival at the theatre.
Delivered ihe mid-scèle community play THE COPPERGATE WOMAN surpassing the nurnber of planned new participants.
The goal had been 33% but irt lact 46% of ihe participants were new.
Appointed three very irnpres5ive Resident Arbsts lo work alongstde ArDstic Associaie John Wilkinson. Their input has
proved extTernely valuable to the artistic life of the theatre.
They work with ihe Creative Director and CEO in the future artistic plannin8 Df the organisation. They are Misha Duncan-
Barry, Gus Gowland and Mingyu ￿"n.
Continued to rebuild our audience for Panlomime following the pandemic. This year was our second woduction in
collaboration with Evdulion ol ALL NEW ADVENTURE5 OF PETER PAN.
Brought dance to the YTR sta8e vrrith BALLET BiACK and PHOENIX DANCE and welcomed KIEV CITY BALLET for the first
tirne to York.
We woduced our own produrtion of a YfR commissioned play. GUY FAWKES in the autumn. a5 well as co-producin8Wlth
Pilot Theatre a very successfvl produuirffi of NOUGHTS ANO CROSSÉS. and the world premiere of AUN REBEL.
We continued to present a range of touring Pfoductions includingTHE MIRAOR CRACKED. OTHELLO by Frantic Assembly
and GIRL FROM THE NORTH COLINTRY which has achieved 8￿at success in London and New York and launching the tour
of Stewart Lee.
The new ie-designed Patio Garden was opened to the public.
Tom Bird left York Theatre Royal in February 2023 having been Chief Executive for S years. An interim CEO Michael S13vin
was appointed from the Senior Management tearn whilst arrangErnents were rnade to recfult a new Chief Executive. Paul
Crewe5 has been appointed as the new Chief Executive ol York Theatre Royal and took office from 2 October 2023.
d. Plans for Futuie Periuds
To deliver the commissioned work SOVEREIGN at Kin85 Manor ¥￿th a large cornmunity Cèst. building on the success of The
Coppergate Woman.
To continue to build relatronships with tourin8 companies like Wise Children. Frantic Assembly* the Royal Shakespear
Company and Original Theatre, as well a5 continue to build new TelatlOll5hips with cornpanies like Rambert Dance.
To start Wofk on LAYER 9. the development of the backstage area of the theatre, cfeatin8 acce55ible and 5tructurallv
Stable inlrasiructure to allow us w coniinue operatin8 in a safe and ￿easant environrnenl belter suited to our needs. The
lunéraisin8 plannin8 will start in earnest by the be8bnnin8 of 2024.
To Increase our offer of food and bevErages throughout the day.
Pa8e S

YORK cmzENS' ThEATRETRusf UMffED
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED31 MARCH2023
e. Investment poli07 and perf(*m•n
The Tru5tee5 have determined a Low Risk l Low Returo financial investmenl policy. Low Risk is defined as only inve5trnent5
on which Capital is guaranteed. The terms of any investmeni will be easily accessible with no long term commitrnents.
Investmeni accounts and in¥e5unent Veludes myst be agreed by the Chairrnan and the ChaTrr ol the Finance and Capital
Commitree.
Any Investmeni opportunities ihai arise that are outside the definition above, and could be considered Medium Risk (for
e¥ample where the capital is not guaranteed but a reasonable return is expectedl will be reviewed on a iase by case basis.
A detision on Medium Risk inve5trnents will be m3de by the full Board.
Financial re•iv*4
. Goirrf cOn￿rn
The activitie5 of the Group. together with the factors likely to affeu its future developmet)t and performance. are set Dut
in the Report of the Trustee5. The financial position of the Group. its cashflow and liquidity afe described in the Financial
Statements and accornpanying notes.
At the year end the Group had cash reserve5 of £849.821 plus £487.810 liquid in￿trnents together with reported net
assets of £1.818.230. HLSwe¥er. for the year ended 31st March 2023 the Group reported a General Fund deficit of
£299.148 and forecasts based on current projertions repgrt a similar deficit for following financial year. As a result. the
Group could experientE cashnow challenges in early 202S.
As noted in Ihe Trusiee5' Report. the Group has not experienced what m*hl be considered norrnal tondilions since the
Covid-19 pandernic. Thealre attendances and incorne lor the period have not irKreased back to 2019 leve15 while inflation
nd the Ukraine conflict have incrt35ed c05t5.
The Ttuslees recognise that there is much uncert3inty. and the economic dimate continues to be challenging. Constani
work is ongoing to seek new operating income opportunities and other funding Options. Together with new init13tives in
2024 the Group plans to rethjce the annual deficit and continue delNerin8 live theatre of exceptional high quality tn the
heart ol York.
Intensive work 15 ongo¢ng to maximise every financial opportunity. The cashflow challen8es ment¢oned above in early
2025 would reflect the traditional low point in the cash cycle. Addilional funding ￿u5 ihe Interventions would manage the
cash shortfall in 2025 but more work is required to secure the position.
b. ReseNes policy
The trustees have agreed that it ¢5 necessary to maintain sufficient reserves in its General Funds to enable the organisation
to respond to Short term fluauations and to provide sufficieni liquid reserves to meei fixed costs plus any foreseeable
capitsl expenditure. The theatre's current target free resewve is to endeavourio mainiain positfve free reserves.
c. Flnanclal posltloft
After the challenges posed by Cowd-19. the theatre hès continued a recovery that was underpinned by efficsency 5aving5
across the organisation in 202￿21. as well as the Culture Recovery Fund & ACE Emergency Fund.
The theaire ends 2022-23 with a defioi of E291.841 before deweciation. Free ￿SelVeS will be £234,957.
Page 6

YORK cmzENS' THEATRE TRUST LIMITED
TRUSTEES, REPORT ICONTINUEOI
FOR THE YEAR ENDED31 MARCH 2023
At the year end. unresiriaed funds are £1,512,71312022-. £1.83S.90SI. indvdinB de5iBnaied funds of £1,277.75612022:
É1.301,80013nd restricted fuftds are E305.51712022.. £460.2301.
FundralslnK poll£v
We ièise a small per£entsge of our funds from the public and our aim is to ensuTr we do thi5 in both a re5pecifvI and
compelling way that is consistent with DUV value5.
The tharity is a member of ihe Institute of Fundraising and supports lis purpose and activities. All fundraising conducred
on behèlf OF the charity. whether by committees. voltsnteers or staff, must cornply with the Fundraising Regulator and The
Code of Fundraising Practice tO8ether wilh all relevant legt51ation. The Trustees are not aware of any lailure in complyin8
with ihe new Code and legislation.
The charity did not employ a professional fundraiser nor any commercial parricipator in fundraisi￿ in the year.
The charity has a t)evelopment and Communications Committee that indude5 in its membership both trustees and co-
opled rnembers. This commillee monitors all fundraising by and for the charity. The Trustee5 monitor the Development
Subcommittee wa reports and minuies on a quartedy basis.
The tharity has received no complaint5 aboui its fvndraiyng activity in the year.
The charity insists that all members of the PU￿1( will not be subject to fundraisire art¢¥ity that is at7 unreasonable
intrusion on that person's privaryi is unfea50nably persÉstenL or places undue pressure on a person to give money or
other PTopertv.
Structure, go¥emante manageme
a. Constltutlon
The chzrily and the group is reeistered a5 a members lirnited liability company and was set up by a Memofandum of
Association on IS August 1936. subsequentfy broughi up ro date by Arricles of Associati¢n adopted on 21 April 2016.
The charity and the group s c￿511tUted under Arttdes of A5SOCiation dated 21 April 2016 and 15 a registered charity
number 229396.
The printipal objerts of the ¢h•rity the growb are:
To conserve. develop and enhance ihe premises known a5 Ywk Tr*aire Royal for the tjenefit of the publiG as a working
thealre and a place with hisiorical a$50ciations and to acquire for any consideration or interp5t, construci or maintain
theatres In York or elsewhere and to alter. rebuild. reconsirutt. 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 rhe sole PUTpose Df advancin8
the education of the publit in Ihe apweciation and understandin8 01 the dramatic and musical arts In all theii forms.
To carry on any theatie for the time being owned, leased or occupied by the Charity to promoie. maintain. irnprove and
advance edycètion by the encouragEment of ihe arts, induding the arts of drama. mime. dance. music, ballet. opera,
puppetry. painting and sculpture. phoio8raphvt cinerna. literature and poetry artd to improve the 8eneral standard of
dramatic productions in York and elsewhere. and also if and in so far as rnay be praclicable to prwde the Charity's
theatre or permit the same to be used for public lecture5. cinematic performances or other entertainments and
exhibilions £on5idered to be of educational rnerit_
Page 7

YORK CITIZENS, THEATRE TRUST iIMITED
TRUSTEES, REPORT ICONTrNUEDI
FOR THE YEAR ENDED 31 MARCH 2023
To receive. educate and irain students in the arts of drarna. rnime. dznce. rnusit. ballet. opera, puppetry. painiing and
sculpture. photography, cinema. literature and poetry and to promote recognition of and encouragement of exceptional
merit in students by the institutional we5entation of scholarships. exhibitions. grants. medals or other prize5 or
benefactions.
To purchase or otherwise acquire and obtain exdusNe and other inieresi in copyright and rights of representation and
other rights of or in plays. rnusic. songs. words. operas, comedies and compositlDns of an educational merit or calculated
to improve the general siandard of dramatit produttions in York and elsewhere for the benefit of the public.
In ftsrtherance of the above objecis to carry on in connection wilh any iheaire owned or for the time being in the
occupation of ihe Charity in York or elsewhefe ihe busine55 of the sale of refreshments. food and drink and publications,
such activities to be Sole￿ ancillary to the furtheran￿ of the Charity'5 Objerts.
The Board of Trustees meets ordinarily four times each year. The Charity has resolved to dispense with an Annual General
Meeting. In addition, Trusiees have established the following committees to report to the Board of Trustee5 on aspecis of
the Charity's business..
Finance and Cawtal
Audit
Oevelopment & Comrnunications
Personnel and Governance
The roles of Equalities Champion and Environrnental Champion are each a55igned to an indiwidual Trusiee. A Trustee
observes the Charity'5 klealth and Safety Committee meetings.
The Charity has two trading subsidiaries which form part of the group and in whith it IS Ihe sole shareholder.. York Theaire
Royal Enterprises Ltd and York Theatre Produttions Ltd.
All profiisgenerated by the Tivsys subsidiaries are'gifterf to the Charity.
The Trust and its sub&diaries operate as a group for VAT purposes. The relationship between the Charity and its
subsidièries is clearly ser out in a relaiionship agreement under which the Charily promdes a range of servi￿5 to its
subsidiaries. These intlude IEase and buildings mèintenance. strategic rnan4ement. employment and provision of staff,
administration lintluding HR and Finance). insurance and the provision of assets for use by the subsidiaiies. The
subsidiarie5 receive a M3nagernent Charge to cover the costof these services.
b. I￿ethOd of appointment orelertion of TNstees
The management ol the charity and the group is the responsi￿11￿ of the Trustee5 who are elected and co opted under
the terms ol the Articles of Association.
c. Policies adopted f(* the induction and irainin8 of Trustees
New Tru5tee5 are inducted into the or8anisalion throu8h a series of meetin85. The Board has rerms of reference for 311
8oard rneeting5 and Board Cornrnittees. There is an annual rewew ol the Board ski115 base and open recruitrnent for all
Trustees. There is an intent that the Board is repre5entati¥e of the UK cornrnunity. Each year Tru5tee5 aim to hold an Away
Day with the Executive to review the strategic direction of the frust.
Pa8e 8

YORK CITIZEP45' THEATRE TRUST LIMITED
TRUSTEES, REPORT ICONTINUEDI
FOR THÉ YEAR £NDE031 MARCH2023
d. Pay policy for senlor staff
The pay o15enior staff 15 rewewed annually and normally increased in accordance with average earnings. The Trusiees
benchmark against other prowncial producing theatres of a sjmilar slze run on a VDlunièry basis. The remuneratio
benchmark 15 the point of the range paid for simrlar role5.
e. Qry*isational stryrture and dedsim maki
The Trustees determine the general polity of the Charity. Under the overnll direction of ihe Trustees the day-to-day
management Is delegated to the Chief Executive.
f. Risk management
The Trustees have assessed the rnajor risks to which the Charity and the grovp 15 exposed. in partitular those rdated to
the operations an¢J finances of the Chariiy and the 8roup. and are sat15fied that 5V51ems and procedures are in plate to
mili83te exposure to ihe rnajor risks. The Charity maintsins ? Risk Ftegister. which is reviewed regularly by the trustees.
The irustees recognise the finances of the Charity will ¢￿tinUe io benefit fTom the valuable support of Arts Council
Eneland.
Trustees. respon$llM1ities statement
The Tru5tee5 Iwho are also tlirettNs of York ￿tilen$. Theatre Trust tirnited for the purposes of company lawl are
responsible fot preparing the Trustees. report and the finanaal statements in accordance with applicable law and United
Xingdorn Accounting Standards (Uniied KinedL*n Generally Accepted Accounling Practice).
Company law requires the Trustees to prepare fihanoal statements for eath financial year. Under company law the
Trustees must not approve ihe fjnancial siatements Unless ihey aTe $3ti5fied that they 8ive a true fail wew of ihe state
of afiairs of the charitable company and the group and of the incoming re50urtes and application of re50tsrces, 1￿cluding
the incDrne and expenditufe. of the charitable gtoup for that period. In preparin8 these financial starements. the Trustees
re required to:
selea suitable atcounting policies and then appty them consistently.
observe the methods and prinaples in the tharitie5 SORP..
make judgments and accounti￿ estimates that are reasonable and prudent..
prepare The finanoal ￿3t￿rnents on the 80ine toncern ba515 unle55 It is inappropriaie ro presume ihat the
charirable group will continue in operatlDn.
The Trustees are responsible for keepinR adequate accounting records ihat are suffitient to Show and explain the
haritable company and the group's transactions and disclose with reasonable accuraty at any time the financial Posliion
of the charitable group and enable them to ensure that the financial 5tsternents comply with the Companies Act 2005.
They are also responsible for safeguarijing the asset5 01 the chantable company and the Broup and hence for taking
reasonable steps for the prevention and detection ol fraud and other irre8ularities.
Page 9

YORK CITIZENS. THEATrE TRUST LIMrrED
TRUSTEES, REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH2023
Dlsclosure of Snfomiatlon io audiior
Each of the Trustees at the tirne when this Tru5tees' report is approved has confirmed ihat..
so far as that Ttusiee is aware. theTe is no relevant audil Inf¢ymation of which the charitable group's auditor is
unaware. and
thai Trusiee has taken all the steps that ought to hève been taken a5 a Trustee in order to be aware of any rdevant
audit information and to establth that the (haritable group's auditor is aware of that informatson
Audltor
The auditor, BHP LLP, ha5 indicated its willingness to continue in offKe. The designated trustee5 will proposÈ a rntstion
reappointing the auditor at a meeting of the Trustees.
Approved by order of the members of the board of Trustees and signed on their behaw by:
70. 202314..41fjMn
Calherin*CldtsndlDe{￿.1O23 J7..51GIIT)
Ann M G**en CBE
Cath Cldland MBE FCMA
Trustee
Trustee
Date.. 20-Dec-2023
Page 10

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'uJaJuo? 3uio8 Jo iuawssèsse.saaisnJi a4J )no sja$ 4314M'sJu3waieis ieoueuy a4J Ul Z"T ol uoiiuaue JnoA Mejp am
wa)uo) oigurywaj Awley￿￿ Iwaie
"UOIUIL10 Jno Jo4 siseq e apiAoJd oi a)e!JdoJt1de pue iuaoyjns si pau!e)qo aAe4 am a)uapiAa iipnp a41
)eyi aAaiièq èm 'sJuawaJinbaJ asa414iiM a)uepJoJJe ui saliiiiqisuodsaj ie)14>a Ja4w Jno paiiijini aAe4 PUE 'pJepue)s
ieJ14)3 ayi 8uipni)ui 'xn ayi ui siuawaipis ieijueuy a4110 iipne Jno oi JueAaiaJ aje ie41 sJuawaJinbaJ ieJi4ia ?4J
411M a)UEPJO))e ui aiqeiiJe4) iuajed pue dnoJ8 a41 Jo iuapuadapui aje am 'uodaJ Jno io uolpas siuèwaie15
IEiJueuiJ ayi Jo iipne ay) Joj saijiiiqisuodsaj Joiipne a41 ui pwiJ)sap Ja4yni aje spjppupis aso41 Japun sèijiliq￿UodSaj
Jno 'Mei èiqe)Iidde pue Ilxnl svsil Ixnl 8oiiipny uo SPJEPUEIS ieuo!ieuJa)ui 41IM aJuepJo))e u! iipne Jno paijnpuo) am
uoluido Aoi5lSEg
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PUE ..￿*1)ejd guuuno)Jy paidaJJy AIiEJaua9 wop3uiJ pailun LHIM aJuEPJO)JE ui paJEdaJd Ay6doJd uèaq aAe4
papua ua4J
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PUE 'ÉlOI il)Jew TE Je se sJ!eJJe s Juedwo) aiqeiiJe4J iuajed pue s.dnoJ8 a41 Jo a)eis aui io Maln Jlej pue anji e aAI?
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wop8uii paiwnl PUEiaJi Jo )IiqndJ¥ PUE xn ay] v! aiqeJiiddE Pjepupis ￿l￿Dda¥ Ipi)UEUI J è4L ZOT pjeputis 8uiuodè¥
IEIJUEUI4 8uipni)Ul 'SPJEpueis 8uiJuno))v w0p8u1￿ pajiun pue Mei aiqe)Iidde si ￿￿)e￿YdaJd Jia41 ui paiiddt uèèq
SP4 ipy) iJoMèweJJ 8ui)J¢xlaJ ieoueuij a41 "sai)!10¢ 8uiJuno))p iue)iJiu8is 8vipni)ui 'siuawa)eJ5 IP!)UPU JI 341 01 5alOIJ
PUE SMOII y5e? 10 iuawaiEI5 Paltpiiosuo) a41 ')aa4s a)ueieq AuEdwo) a4J 'ièa4S èjueieq paiepiiosuo) au) 'sai]SAIi)e
iei)ueuiJ 10 iUaLUaJEJS paippiiosuo? a4J a51Jdwo? 4J14M 'gio£ 4)Jeby TE papua JEaA a41 Joj I,dnoJ8. ay)) saijeipisqns
511 pu? I￿￿e￿wo) aiqeiiJe4) Juajed. a411 pailwii )5nJi aJjea￿,$UOzlII) 4JQA 40 siuawaieis ieiJuEuiJ ayi paiipnt aAe4 am
aiiiNii isn¥1 3¥1V3HI.SN3ZIII) X¥OA 40S¥38W3W 3HI OII¥Od31J s.yoiianv iN3aN3d3QNI
Q3AJV41I Isn￿3¥1Y)H￿,s￿3ZIIn X¥OA

YORK cmzENS' THEATRE TRUST UMITED
INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OF YORK CITIZENS, THEATRETRUST LIMITED
rinancial siatemenis or our knowledge obtained in the course of the audit or otherwise appears to be materiallv
misstated. If we idenfify such maierial inconsistencies OT èppaient material rnisstatements. we are required to determine
whether this gNes rise lo a rnaterial misstaternent in the financial statements themselves. If. based on ihe work we have
performed, we conclude that there is a rnaterial fflis5tstement of this other information. we arp iequired to report that
fart.
We have noihing to report in this regard.
Oplnlun5 on other mattws Fwes¢ribE41 bythe Companie5 Art 2006
In our opinion. based on the work undertaken in Ihe course of the audit..
the information 8iven in the trustep5' report Iincorpjrating the directors. report) for the financial year for w￿Ch the
financial staternents are prepared is consistent with the financial statements.. and
the direttors, report has been prepared in accordance applicable legal requirements.
Matters on which we are required io leport by exceptio
In the lieht of the kn¢)wledge and UnderSt￿ding of ihe erovp and parent charitable cofflpany and its ènvironment
obtained In the course of the audit. we have not identified rnarerial missiatements in the dirertors, report.
We have nothing to report in respect of the follo￿"ng mjtters in felatw to whKh the Companies Act 2006 requires us to
report to you if. in our opinion=
adequate and suffioent acttrjnting records have not been kept by thè parent tharitable company. or returns
adequate for our audit have not beefi recewed from branches not visited by us,. or
the parent charitable companvs fbnancial statements are not in aefeement with the accounting records and returns..
certain disclosures of director5. remuneration specified by law are not made.. or
we have noi received all ihe informatii)t) and explanations we require for ovr audit: or
the rrusiees were noi eniirled io prepare rhe financial statements in accordance with the srnall tompanies, regime
and lake advanrage of the small companies, exernpvrms in preparing the dirertors, report and from the requirement
to prepare a strategjc report.
Responslblltles of trnstee5
As explaine& more fully in the trustees. responsibilities siatement. the trustees Iwho are also the directors of th2 parent
charitable company for the purposes of company lawl are ￿pONsible for the preparaiion of the financial statements and
lor being sat15fied that they give a true and fair view, and for such internal control as the trustee5 determine is necessary
to enable thÈ prÈpafation of finantial StateMer￿ that arè frÈè from material rnisstatement, whether due to fraud or
error.
In preparing ihe financial statements. the trustees are responsible fEN assessing the group and parent charitable
company's ability ro continue as a going concern. disclosin& as applicable. maiters relaied to going concern and using the
going concern basis of accountin8 unless ihe trustees either intend to liouidate ihe group or parent charitable company or
to tease opeiations. or have realistic alteMat￿lE but to dDSO.
Page 12

YORK cmzENS' THEATrETRUST UMfTED
INDEPENDENT AUDITOR'S REPORTTOTHE MEMBERS OF YORK CITIZENS, THEATRE TRUST LIMITED
ICONTINUEDI
Auditor responsiblliiles for the aud•t of the finarxial ststefflents
Our objective5 are to obtain reasonable assurance about whether the financial statement5 as a whole are free from
material misstatement. whethw due to fraud or error. and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a h*gh level ol èssurance. but is not a guarantee that an audit condutted in accordance with ISAS
IUKI will always detect a rnatefial misstatement when it exists. Misstatements tan arise from fraud or error and are
considered mateti31 if. individually or in the aggregate. they could reasonably be expected to influence the economic
decisions of u5er5 taken on the basis ol these financial staiements.
Irregularities. induding fraud. are in5t3nces of non-tomplianee wth laws and reeulations. We design procedures in line
with our responsibilitie5, Outlined above. to detert rnateri31 rnisst*ernents in respect of iiregularitie5. including fraud. The
xtent to which our procedures are CaPa￿e of detecting Irregularit￿5. intlvding fraud is detaileo below=
the eneagement partner ensured that the engagement team collectwely had the appropriaie competence,
capabilities and skills to identify or recognise non-compliance with applicable laws and regulations..
we identified the laws and regulations applicable to the group and parent eharitable company throu8h dlscusslons
with management and trustees. and from our knowledge and experiente of this organisation-
we focused on specific laws and regulations which we considered rnay have a direct material effect on the finanoal
statements or ihe operations of the group and parent charitable COM￿ny, includine the Charities Act 2011, the
Companies Art 2006. data protection. health and Safety legislation. CQC fegulations ènd employment law-
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of
managernent and tru5tee5"
We assessed the susceptikn.lity of the group and parent Charitable companrfs financial 51atements to material
misstaternent. including obtaining an understanding of how fraud m*hi occui. by,.
making enquiries of management and trustees 35 to where they considered ihere was susceptibility to fraud, their
knowledge of artual. suspected and alleged fraud,. and
onsidering the internal contr￿5 in place to rnitigate risks of fraud and non-compliance with laws and regulations.
To address the risks of (raud through management bia5 and override tontrois. we..
performed analylical procedures to identify any unusual w unexpected variances-
tested jDurnal enrries io ider)iify unusual iransactions..
assessed whether jud8ments and assumptions made in determining the a￿OUntIng e5tirnates set oul in note I
wefe indicative of potential bias- and
inve5tigèted the rationale behind 5ignifitant or unusual transattions.
In response to the risk of iNegulariiies and non-compliance with laws and regulations. we designed procedures which
included. but were not limited to-
agreeing financial statement disc105ures to undertying supporting documentation,.
reading the minutes ol meeiin8s of those charged with governance-
enquirin8 of mana8ement as to actual and poiential lirigaiion and claims.
8ecause of the inherent limitations of an audil. there is a risk thai we will not delect all irregularities. including those
leading to a material mi5St3tement in the financial staternent5 or non-cornpliance with regulatlDn. This risk increases the
more thai compliance with a law or regulation is removed from the events and transactions reflected in the financlal
statements. as we will be less likely to become aware of Instar￿e5 of non-compliance. The risk is also greater regarding
Page 13

YORK cmzENS'THEATRE TRUST UMITED
INDEPENDENT AUDITOR'S REPORTTOTHE MEM8ERS OF YORK CIT12ENS' THEATRE TRUST LIMITED
ICONTINUEDI
ir￿guI311tles occurring due to fraud rathei than error. as fraud involves intentional concealmeTht. for8ery, collusion.
omission or m1srepre5en￿tIOn.
A furthef desiription of Ouf fesponsibifities is available on the FRC'S website ai.. www.frc.or8.uk/auditorsresponsibililies.
This descriptTon forms part of auditor's report.
Ust of our report
This report is made solely to the charitable company's members, as a body. in accordance with Chapter 3 of Part 16 of the
Cornpanie5 Act 2006. Our audit work has been undertaken so that we might state to the charitable company s mernbers
those matters we are required to state to them in an auditorf5 report and for no other purpose. To the fullest extenl
permitted by law. we do not ac(ept or assume responsibility to anyone other than the charitable company and the
charitable compamrfs members as a body. for our audit work. for this report, or for the opinion5 we have formed.
Laura Masheder (Sen￿r stat￿ory audrtofl
for and on behalf of
BHP LLP
Chartered Accountants
Starutory Audiror
Rievaulx House
I St Mary's Court
Blossom Street
York
Y024 IAH
Oate-.
2011212023
Pège 14

YORK ClnZENS' THEATRE TRUST iIMrrÉo
CONSOLIDATED STATEMENTOF FINANCIALACTIVITIES (INCORPORATING INCOME AND EXPENDITURE
ACCOUNTI
FOA THE YEAR ENDED 31 MARCII 2023
Total
fvnds
1013
Total
funds
2022
funds
2023
fund5
1023
Note
Income fwofft:
Donations and legacie5
Chaiiiable activities
711
106.705
818.568
1495,440
700.799
3.012
1,358,636
1,495,386
418.510
1.326
WSA40
7110,7Y9
Other trading activities
Investrnents
3.012
77.498
Other income
79.n8
262.631
Toial income
3.988.612
108,935
4.(197.S47
3,536,489
E¥pendlture on..
Raising funds
Charitable acriviues
9.10
11,12
8S7.388
3.604.556
31J57
71.185
889,74S
3.675.741
747,780
2,710,560
Totsl expenditure
4,461.944
103.542
4565.486
3,458,340
Net (expendl￿Tellin¢Offte before net
losses ￿ In¥estmen15
14733321
19,9661
5,393
1467.9391
19,9661
78.149
12.2241
Net1055es on investments
Net lexpendItu￿>11nCaffle
Transfers between funds
1483,2981
160.106
S.393
II60.1061
1477.9051
75.925
22
Net mtr4ement in funds
1323,1921
1154.7131
I4?7.￿5)
75,925
Reconciliatlon of fvnd5-
Total funds brought fofward
Net movement in fvnds
I￿5.￿15
1323.1911
460.230
1154.7131
2.296.U5
1477,X151
2.220.210
7S.925
Total lunds carrled forward
1.512,713
305.517
IA18,230
2,296,135
The Consolidated Statemenl ol Financial Attivities COrnF4ies with the requiremenis for an income and expenditure
account unt1ei the Compantes Act.21AJ6 and rndudes all gains and105ses recognised in the year.
The notes on pages 21 to 49 fc￿ part ofthese financial statements.
Pa8e 15

YORK cifuENS' THEATRE TRUST LIMrrED
REGISTERED NUMBER= (KJ317560
CONSOLIDATED BALANCE SHEET
ASA T31 MARCH 2033
2023
2022
Note
Flxed asgets
Tan￿ble asset5
Investment5
17
1.041,916
487.810
1,065.960
497.776
18
1.529,726
1.563,736
Current assets
Stocks
19
10.261
604.596
9.175
Debtors
20
421,506
1.111,681
Cash at bank and in hand
25
S49￿21
IA64.678
l.S42,362
Credttors.. amounts falling due wit?Mn one year
21
IL176.1741
1809.9631
Net turrent ass￿$
I￿.504
732,399
Total net assets
IA18.230
2,296.13S
Charity lunds
Restritted funds
22
305.517
460,230
Unrestricted funds
De5ignaied funds
General lunds
22
1.277.756
134.957
1,301.81XJ
22
534.105
Total unrestritted lunds
22
l.S12.71J
1,835,905
Total lunds
1.818.230
2,296,135
Pa8e 16

YORK CITIZENS. niEATRE TRU￿ UMITED
REGISTEAEO NUMBER: 00317560
CONSOLIDATEO BALANCE SHEET ICONTINUEDI
ASAT31 MARCH 2023
The Tr*Jstees acknowledge their responsibilbtse5 for complwng wTrth the requirements of the Act with respect to Kcounting
records and preparation of finanual Statements.
The financial Statements have been prepared in accordance with the PrO￿90n5 applicable to entittes subject to the small
ompanie5 rewrne.
The financial statements were appfo¥ed and auihorised f+X issue by tr* Tru5tee5 and 5wied on their behalf by:
20, 2023 14.44GIffj
'C4thtri￿(1th￿fidIDe( 10.3013 17..SI Gmn
Ann M Gi*en C8£
Trustet
Cath Cle11￿ MBe FCMA
Trustee
Date: 20 December 2023
The notes on pages 21 to49 lo￿ part of these financial siaternents.
Page 17

YORK aTIZENS' THEATRE TRUST UMITED
REGISTEREO NUMBER-. (KJ317560
CHARITY BALANCE SHEET
ASA T3J MARCH 2023
1023
2022
Note
FIJEed assets
Tangible a55et5
Inve5trnents
17
1.041.916
487,813
1.065,960
497,779
18
L529.729
1.563,739
Cuirenl assets
Debtors
20
635528
679319
533.994
965.243
Cash at bank and ￿ hand
1314,847
1,499,237
Creditors: amounts falling due within one year
21
11.176.174)
I￿?,7741
Net current assets
I￿.673
701.463
Total net assets
1,668.4102
2,265.202
Charity funds
Restricted funds
22
305.517
460,230
Unrestricted funds
Oeyehaied fvnds
Genefal funds
22
1.177.756
85.129
1,301,8(XJ
503.172
22
Total unrestri£ted funds
22
lJ62.885
1,804,972
Tot•1 funds
1,668,402
2,265,202
Paee IB

YORK cmzEN5' THfATrE TRvsf UMITED
CHARITY STATEMENT OF FINANCIAL POSITION ICONTINUEDI
ASA T31 MARCH 2023
The tharity'5 net movement in fund5 for the yearwas a deficit of £596.8Q)12022= surplus of £117.4661.
The Trustees acknowled8e their respon5ibilitie5 for ¥Mlh the requirements of the Aci with reweci to aCCOUnts'ng
records and preparatiLM of finanoal statements.
The finanaal staternerfs have been prepared in accordance with the pro¥isions applicable to enlities subj.ett to the small
companie5 regime.
The financial Statements were apwoved and auihorised for issut by rhe Trustees and signed on their behalf bv..
20.1023 11..44GMn
'CathwneCldland [De(20.￿l3 1151 GM
M Green CBE
Trustee
Cath Clelland MBE FCMA
Trustee
Date: 20 DecÈynber 2023
The notes ￿ pa¢e5 21 to 49 f¢ym part of these financial statemffits.
Pa8e 19

YORK CITIZENS. THEATRE TRUST UMITÉO
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED31 MARCH 2033
Z023
2022
Ilote
Cash flows from operatlng actl¥ltles
Net cash provided by operating actiwties
24
11018521
711.338
Cash Ilows from investing artivilies
Bank interest
3,012
1162,0201
1.326
1156.6521
1500.0￿)
Purthase of tangible fixed assets
Purchase of investmenis
17
Nef cash used in Investing artbvikne5
1159.0081
1655.3261
Change in ￿$h and cash equivalents in theyear
1261.8601
56.012
Cash and cash equivalents ai the be8innin8 of ihe year
1,111,681
1,055.669
Cash a￿1 cash equivalents at the errfl ofthe year
25
849.821
1,111.681
Pa8e 20

YORK cmzENS' THEATRE TRUST UMITEO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Accountln8 polktes
1.1 8osts oApfepGrrflon olfino*Klrylstgttments
The financtal statements h￿e been preparerj in accordance with the Charities SORP IFRS 1021- Accounting and
ReportinR by Charities." Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS ID21 lelfective
i January 20191. the Fjnantièl Reportin8 Standard applicable in the UX antl Republic of Ireland IFRS 10213nd ihe
Companies Act 2tM)6.
Yofk Citizens. Theatre Trust Limited rneets the definits.on of a public benefit entity under FRS 102. A55ets and
Iièbililies are initially reco8rtised at hisiori¢al tost or tyansactTron value unless oihenwise stated in the relevanr
accountin8 policy.
The consolidated staiernent of financial aciNities ISOFAI and con501idated balance sheet consolidate the financial
statements of the charity and it5 Subsidiary undertakin8. The result5 of the subsidiary are consolidated on a line by
line basis.
The charity has taken advaniage of the exemption allowed under section 408 of the Companie5 Act 2006 and has
not presented it5 own staternent of financial attiNrytie5 in ihe5e financial statements_
1.2 Golng wicern
For the year ended 31 March 2023 the Group has sustained a 10s5 of £47?.90S and reduced it5 Geneial Fund to
£234.957.
As noted In the Trusiees. Aeport. the Group has not experiented what rnight be considered normal conditions
since the Cowd-19 pandemit. Theatre attendances and Income lor the period have not inueased back to 2019
levels while inflation and rhe Ukraine conflict have increased costs.
Curreni forecasts for the year ended 31 March 2024 show the Group will report a deficit of £420,(KKI. At the
balarnce sheet date of 31 March 2024. cash reserve5 are expected to be £650.LMX) twt after reserve transfers the
Genefal Fund would have no free reserves. Wrthout interventKJn the Group is forecasting a similar delicit for the
year ended 31 March 2025.
The Trusiees re¢Dgnise that there is much uncertainty. and ihe economic climate continue5 to be challenging.
Constant work is ongoing to seek new operatin8 income opportunilie5 and gther funding options, bui ihese take
time.
To help improve the financial position in the short-iemi the Trustees h3ve identified the following artions..
Increasing iheatre ticket prices.
Reduce losses on own productions.
Invest in fundratsin8 actNities.
Consolidate management team.
Explore fundin8 from signilicant regional tenefactors.
The Trusiees reco8nise that significant uncertainty e￿ts in resped of the anticipated funding souyces and their
timing. The cash flow challenge will be at the end of ihe wirtier period in earty 2025, when the theatre goes black.
With the above adions. the Group wtyjld be breakeven for the year ended 31 March 2025.
Page 21

YORK CITIZEN5' THEATRE TRUST UMrrEO
NOTESTO THE FINANCIALSTATEMENrs
FOR THE YEAR ENDED 31 MARCH2023
Accounting pcAiae5 Icontinuedl
1.2 Golng conrem Icontinue4J
Whilst the Trustees reco8nise rhe challenges and uncertainties that the theatre faces. they believe that with
continued suppori from Arts Council Eneland and with the actions above. and continued scrutiny by the Tru5teE
Board. the Group and pareni charitable company will continue as a Roing concern. The Trustees therefore continue
to adopt ihe g￿ne ¢￿te￿O basis of preparatiuh for the finanoal s￿teMents.
1.3 CMIp4my Stutus
The tharity is a company limited by shares. inc¢xporated 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 eath share held_
1.4 Fund artounting
General funds are unresificred funds which are available for use at the discretion of the Trustee5 in furtherance of
the 8eneral objeaives of rhe Groyp and which have nor been designated for other purposes.
Designated funds comprise unrestricted funds that have been set aside bythe Trustees for ￿rtIcUla1 purposes. The
airn and use of each designated lund 15 Set out in the notes to the financial statements.
Restricted fvnd5 are funds whith are to be used in actordan¢e wilh specific restrittions irnposed by donors or
which have been raised by the Group for pèrticular purposes. The costs of raising and administering such funds are
char8ed against the specificfund. The aim and Use of eath reStr￿ted fund is set out in the notes io the financial
statemenls.
IJ Income
AJI income is reco8ni5ed once the charity has entitlernent to the income, it is probable that the income will be
received and the amount of income receivable can be rnEasured reliablv.
Charitable tvadin8 aclivitie5
Income from theatre admission fee5 net ol Box Office commission 15 included in tharitable artivity income in the
period in whith the rele¥ant show takes F4ace.
Commeroa1 iradin8 ac11￿tieS
Income from commertial aetr¥iies is iv*luded in the pefiod in which the 8roup is entitled to receipt within raisin8
funds.
Donations and 8rant5
Income from donations and grants. includire capital grants. are induded in income when th￿e are
receivable. excepr as lollows=
When donors specify that donaiions and eranis are wven to the tharity Must be used in future
a¢countin8 periods. the income is deferred uniil those periods.
When donors impose conditions which ha¥2 to be fulfilled before the charify becomes entitled to use
such incorne. the income is deferred and not induded in income until the prtyondifions for use have been
Pagè 22

YORK cmiENS' ThEATRETRUSTiIMITEO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31 MARCH 2023
Accounting polioes Irontlnuedl
1.5 Inr(Mne {continuedl
Grant5 received in relaiion w the governmeni Corona¥irus Job Retention Scheme (Furlough) have been
reco8nised within other Incoming resources. Thegrant 15 accounted for on the accruals basis once the
related payroll retum has been subrnitled.
When donors Specify that donations and erants. indud1r￿ capital grants, are for particular restricted purposes,
which éo not amount to kvfrcondili¢￿s regarding entitlemenl. this income is induded within restricted income
when receivable.
Interesi receivable
Interest is included when receivable by the charity.
Other intome Is reco2ni5ed in the period in which li is reCeiVa￿e and to the extent the 8ood5 have been provided
or on completion of the 5eryice_
1.6 Expenditu
Expenditure is recoeni5ed once there is a le8al or construttbve obligation to transfer economic benefit to a third
party, it is piobable that a transfer of economic benefits will be required in sertlernent and th? amount of the
obligation can be measured reliably_ Expenditure is classified by activity.
Certain expenditure is drrettlyatiributable to specific activilies and has been included in the relevant cost
c3tegorie5.
Support tosts afe those costs incurred direttty in support of expenditure on the objects of the charity and Include
central functiorts that have been all￿ated to activity cost categones ¢)n a basis cOn￿Stent with the use of
resources.
Governance costs are those inCu￿ed in connection with ¢ompliance with Constitutional and statutory
requirements.
Expenditure on stage properties. scenery and effetts 15 not capitali5ed lunle5S the propertie5. scenery and effects
can be used in future productions). as it is considered that such c95ts rnore truly reflect difecr production costs and
are. therefore. written off in the financial year in which the relevant produdicffi opens.
Expenditure on rai5in8 funds includes all expendituie incurred bv the Group tg raise funds foc its charitable
purposes and indudes costs of all fvndraising artmlies events an(1 non-charitable tradin8.
E¥penditure on charitable activilies i5"incurred on directly undertaking the acti¥itieswhith fvrther the Group's
ot>jeclives. as well as any assuoaied 5UPPOIt Costs.
All expenditure is inclusive of irreco¥era1￿e VAT.
Page 23

YORK OTIZÉNS, THÉATrE TrUST UMITED
NOTESTO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED31 MARCH 2023
Accountlllg polides (Con￿￿ed￿
L7 Basi5 olwnsolidotion
The financial statements consolidate the accounts of York Olizens'Theaire Trust limiied and all of its subsidiary
underiakin8s I'subsidiaries'l.
The tharity has taken ad¥anta8e of the exemoion contained within seclion 408 of the Companies Art 2rJ)6 not to
present its own Incorne and expenditu￿ account.
The incorne and expenditure actwnt for thè year dealt with tn the accounts of the charity was1£596,800112022..
£117,466).
1.8 Tvngiblefixedossets deprttioti
Tangible lixed assets costing £l.LMXJ or rnore ave tapitalised and recogni5ed when futuie economic benefits are
probatAe and thÈ tost or ¥aluÈ of the assÈt can be measured reliably.
Tangible fixed asseis are initially reco8nised at cost. After reco8nilion. under the cost model, taneible fixed a5set$
are measured at cost less accumulaietl depreciation and any accurnulated impaitrnent losses. All costs incurred to
brin8 a tèngible fixed assei into ils inlended workin8 condition should be Included in ihe measurement OF cost.
Depreciation is charged so as to all￿ate the c05t of iabwWe fixed assets less their resKlual value over their
estirnated useful lives..
Deweciath)n is pro￿ded on the following bases..
Signal 8ox Thealre
Leasehold improvemenls
Il% straight li
Over expected life of the 355et. varying from 6%-
43% straight line
c￿er experted life of the asset. varwnE from lO%-
50% straight line
straight line
Plant and equiprnenl
Motor vehicles
1.9 Investments
Investment5 in subsidiaries are valued at C05t ￿ prowision for impairmenL
i.io Stocks
Stocks arevalued at the lower of cost and net ￿alisable value after makin8 due allowance for obsolete and slow-
moving stocks.
1.11 Debiors
Trade and other debtors are ￿cognised at the seitlernent amouni after any trade discount offered. Prepayments
re ¥alud at the amount prepaid net of èny Ifade d15counts due.
Page 24

YORK cmzENS' THEATRE TRUSTUMifED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31 MARCH2023
Accounting poli¢ies Ic¢￿1th￿ed
1.12 Cvsh otbonk vnd in h￿rf
Cash at bank and in hand includes cash and shcrt-term h￿hlY liquid investmEnts with a short maturity from the
date ol acqui51tion or opening of the deposit orsimilar acttyjnl.
1.13 Creéitors gndpmvisiMS
Creditor5 are recognised when there is an obligation at the balance sheet date 35 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
be estimated reliably.
Cr2ditor5 are recogni5ed at Ihe arnount that Ihe charity antiiipètes it will payto settlè the debt or the amount it
has recerved as advanced payments for the goods or servfces li must pro¥ide.
Provisions are measured ar the best estimaie of the amounts required to settle ihe ob1iRation. Where the effed of
the time value of money is material. the provision is based on the presenl value of ihose amounts. discounted at
the pre-tax discount raie that renerts the risks specific to the liability. The unwinding of the dwount is re￿gnIsed
in rhe consolidated staiement of finanoal activiries as a finance cost.
1.14 Finonclallnstruments
The Group only has finanoal as5et5 and finanoal Iièbilities of a kind that qualify as basic financial insiruments. Basic
financial instruments are initially reco8ni5ed at transaction value and subseouently measured ai their setilement
value with the exception gl bank loans whith are Subsequent￿ rneasuTed at arnortised cosr using the effective
interest methud.
1.15 Penslons
The Group operates a defined contribution pension stheme and the pension charge represents the arnounts
payatye by the Group to the fund in respect of the year.
1.16 Employee benefv
The costs of 5hort-tenn emplDyee benefits are recognised as a lia￿lity and an expense.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termrnation benefits are recognr5ed immediately as èn expense when the company is demonstrèbly committed to
terminate the employment of an employee or to proTrMde termination benefit5.
Page 25

YORK CITIZENS. THEATMETRUST UMrrED
NOTES TO THE FINANCIALSTATEMENTS
FOR fHE YEAR ENDED 31 MARCH 2023
itical accwnting estimate53nd weas of judgment
Estimates and Judgments are continualty eval￿ated and are based on historical experience and other factors.
includin8 expectations of future events thai are believed to be reasonable uThJer ifve orcurnsiances.
Cfilical accouniing estimates and assumpiions-
The tharity makes estimaies and assumptions concerning the future. The resulting accounting estirnates and
assumptions will, by definition. seldom equal the related actual Tesulls. The estimates and assumptions that have
significant risk of causin8 a material adju5trnent to the wrying amounts ol a55ets and lia￿.111Ve$ within rhe next
financial year are di5CU55ed below.
lil Support cost5
Staffing and administration support Costs are allocaied across the actiwties of the theatre. Support cost5 are
allocated on a basis consistent with the use of resources.
Page 26

YORK CITIZÉNS, ThEATAETRUST UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31 MARCH2023
Incorne fr¢Jm donatio￿and le8aae5
Umestrirted Restrirted
fund5
funds
XJ23
2023
Total
ful￿$
2023
Total
funds
2022
Arts Council En8land. Yorkshirt
Individual Givine and the 1774 aub
Audrey and Duncan Savage Fund
Creative EnBa8ement
Richard111 Commission
598.059
613(Kl
598.059
61.300
io.ty)o
598.059
68.503
lo.￿
5,485
7,000
3,82S
35,000
13,210
2,333
Mr Connections
7.477
35.otxi
7,477
35.000
12.073
13,440
13.713
Palricia and Donald Shepherd Charitable Trust
Community 8i¥ing donation5
Corporate 8ivin8
Website development fund
Grants
11.073
13.713
Culture Recovery Fund Grant
Other donaiions
619,241
5,980
26.991
17.027
44.0
711,863
106.705
818,568
1,358,636
Total 2022
684.701
673.93S
1.358,636
Page 27

YORK CITIZE145' THEATRE TRUST UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR fHE YEAR ENDED31 MARCH2023
Income from charltablÈ a¢U¥ltles
Unrestrirted
lunds
2023
Total
fvnds
2023
Total
fund5
2022
Admi55i0n fee5 It#Jx office receiptsl
Co-production income
Education and wtreach
2.260.344
112.1108
123.088
2.260344
IiU108
123A188
1.270.144
119.248
105,994
2.495,440
2￿95.440
1,495,386
Total 2022
1,49S.386
1.495.386
In¢ome Irom othw iradinK adivttits
Income Irom fvndr4lsins e¥eAts
UnrestT•cled
funds
2023
Total
fvnds
2023
Toial
funds
2022
Props. eledrical hire and merchandising
Lettings, room hire and corF4Jrate enlertainment
Costurne hire and making
3A123
10,311
35.447
580
10311
35A47
1,197
Ig,012
48,781
48.781
20,789
Totsl 2022
20.789
20,789
Page 28

YORK CMZENS, THEATRE TRUST UMrrED
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH2023
Incorne from othertrading artl¥ltles Icontinuedl
Incoffle from non tharlfable IradI￿ arttvltles
Unresirfrted
funds
2023
Total
funds
2D23
Total
funds
2022
Other income
11.130)
I￿.045
179.gm
71,346
11.1301
190,04S
179.904
8ar sales
110.406
120.472
35.685
18,218
112,940
Caiefing sales
Ice cream and sweet sales
71346
33.388
178,465
Merchandise and pro8ramme sales
Box office services
178,465
65Z.018
652￿13
397,721
Total 2022
397.721
397,721
Total income from of fundraising and other tharitable trading actiwties has been summarised in note 6.
Summary of fundraiyng and d4ritaWe •rtNil
uTrre￿rirted
funds
2023
T¢>tal
funds
2023
Total
funds
2022
Fundraising events
Charitable tradinB activities
48.781
652.Q18
48.781
651￿18
20.789
397.721
7rAI.799
700.799
418.510
Page 29

YORK CITIZENS. THEATRE TRUST UMrrEO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH2023
Investment income
Unrt5twkled
fund5
2023
Tvtal
funds
2023
Total
funds
2022
Bank iniefest
j.oiz
3,012
1.326
Total 2022
1,326
1.326
Other Incorne
Unrestrlrted RestWKled
fvrrfls
fund5
2a23
2023
Total
funds
2023
Total
funds
2022
Sundry income
Gift aid income
55.769
55,769
60,59)
21.729
21,729
Coronavirus job retention scheme income
Coronavirus business support grant
Holiday Activity and Food Programrne
IZ4.562
71.625
S.854
2.230
77.498
2.230
79,728
262.631
Total 2022
222.652
39,979
262.631
Page 30

YORK cmi£NS' THEAfRETftUST UMifED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH2023
ExpendItU￿ on ffaislng fvnds
Fundrnislng trading expeftses
Unrestrfrted Ilestridtd
fvhds
fund5
2023
2023
Total
funds
20
Total
funds
2022
Marketing and fundraising
Trading activities
Cosiume hire and making
Fundraising tradin£ expenses- w38es costs
Fundraising trading expenses- Nl
Fundraising trading expenses- pension cosrs
193.677
4.7S3
198A30
161.898
25.6
25.600
5.207
148.337
11.259
4x177
38.719
5.095
116,227
9.692
2.810
120.733
11,259
4,077
27
360553
32.357
391910
334,441
Total 2022
269.328
65.113
334.441
Page 31

YORK CITIZENS, THEATRE TRUST UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH2023
Expenditure on raising lunds Icontlnued)
Othertrcdlng expe￿
Unrestrl¢ted
fvnds
2023
Yotal
funds
1023
Total
fund5
2022
Bar purchase5
Catering pur£ha
Events. hire and performance cost of sales
Ice cream and sweets purthases
63341
76.385
874
63,341
76383
874
37,597
49,555
846
21,806
21,806
9,712
14.021
50.799
42.347
40.151
168,3ll
Merchandise and programrne purchases
Box office service Costs recharged
Box offite service costs of sales
29,461
64.516
45.172
3432S
160,9S7
29,461
64.516
45,172
34,325
160,957
Administration exPe￿e$
Administration staff costs
496A35
496.835
413.339
Total 2022
413.339
413,339
Tot31 costs of raising funds have been summari5ed tn nole 10.
io.
Summary ol raSsln8 funds
UnrestrTrcled
funds
2023
Re5trided
tuTrds
2023
Total
fund5
2023
Total
funds
2022
Fundraising rrading expenses
Orher tradin8 expenses
360.553
32.357
392.910
334,441
496
4%.835
413,339
857,388
32.357
889.745
747.?80
Total 2022
682.667
65.113
747,780
Page 32

YORK CITIZENS, THEATRETRUST UMITÉD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31 MARCH2023
Spllt between direcl and support costs
Direct <ost of
artNltles Support Costs
2023
2023
Total
lunds
1023
Total
funds
2022
Cost of generating lunds
Fundrai￿￿8 tradine cosis
Subsidizry tradin8 costs
294.15S
27.633
49603$
41,681
29.441
335.836
57.074
496.835
295.722
38,719
413,339
818.62J
71.122
889.745
747,780
Total 2022
662.739
85.041
747.780
ii.
Analysis of eNpendrf¢u￿ on charitable adi¥it*s
Summ¢Try byfvnd type
Unrestricted
fvnds
20
Restrided
furM15
2023
Total
2023
Total
2022
Admissi(￿ fees (box office receipt51
Theatre tax rdief
3.659A%
1267.4151
191,487
3.945
3,663.841
1267.4151
158.727
20.588
2.624.497
1138,3571
206,317
18,103
Education and outreach
67240
Governance
20y8
3.604,556
?i.Iss
3.675,741
2,710,560
Total 2022
2.310.283
4LN).277
2.710,560
Paee 33

YORK CITIZEN5' THEATRE TRUST UMITEO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH2023
12.
Analysis of e¥penditure by •rti¥ilies
ArtNlties
undertaken
directly Support ¢osts
2023
2023
Total
funds
2022
lund5
1023
Operation of iheaire
Theatre tax relief
2.765.085
1267,4151
898,756
3,663,841
1267,4151
258,727
Xl,588
2,624.497
1138,3571
206,317
18.103
Education and outreach
58.187
Governan
20588
2,718,798
956,943
3,675.741
2.710.560
T￿31 2022
1.911,47S
799.085
2,710.560
Pa8e 34

YORK aTrzENS' ThEATRE TRUST UMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31 MARCH 2023
13.
Alboration of 5UPPOrt COSts
The trust allocates its wpport costs as shown in the table below. The support eosts are allocated on a basis
consistent with the use of resources.
Allocated to
Optration of tost of Taisini
Theatre
funds
2023
2023
Totsl
funds
2023
Total
funds
2022
Administration salarie5
S.046
111.704
440.145
24.069
30.030
2.597
195.076
114,301
440.145
25,364
188.6
97,S35
320.899
26,657
Other staff costs
Premises costs
Computer. stationery and postaee costs
Travelling 2nd 5ub515tence costs
Legal and professional costs
Other sundry expenses
liretoveratAe VAT
405
462
3,iWJO
34,564
19551
1,317
29,749
25.476
27,411
7.IS3
942
Depreiiètion. Ioss on di5P05al and impairment of
fixetj assets
157A21
28.643
193.398
rota12023
956,943
71.122
1,028,065
884,126
Tutal 2022
799.08S
85.041
884.126
14.
Net in¢omellexpend•turel
Thls is stated after th31gine'.
2023
2022
DÈpre£iation of tareible fixe(l assets:
- owned by the charIta￿e group
AuditOl'5 rernuneration- audit
186A164
193.398
17.17S
U25
13,125
2.575
Auditor's remuneration- other servtces
Page 35

YORK CITIZE145' THEATRETRUST UMITED
NOTES TOTHE FINANCIAL STATEMENTS
FOA THE YEAR ENDED 31 MARCH2023
15.
Staff c05t5
Gruup
2023
Group
2022
Charity
2023
Charitv
2022
Wages and salaries
Social security costs
Contribution io defined contribjtion pen&on
sthernes
I203￿27
79578
1,074.466
70.901
1.203,827
79,578
1,074,466
70,901
24A123
21.784
24.023
21.784
1.307.428
1,167,151
1.307,42B
1,167.151
The average nurnber of persons employed by the tharity during the yearwas a5 follows:
Group
2023
No.
Group
2022
No.
Average montNy headtount
147
ios
The average headtount expressed as full-lime eouivalents was..
Group
2023
Group
2022
Average full-time equivalent
59
No ernployee rec•ved remuneration amountin8 10 more ihan £60.OLKI in eitheryear.
The average numbef of key marta8emeni personnel in ihe year was for I role12022.. 11 and total key managemènt
pefsonnel remuneration including employers Nl and pension was £75.27812022= E68.B121.
L6.
Trustees. remuneration and expense5
DUri￿g the year, no Trusttes reteived any remufteratl(￿ or other benefits12022- ENILI.
Ouriwd the year ended 31 Marth 2023. noTrustee expenses have been incurred12022- £NILI.
Page 36

YORK CITIZENS. THEATRETRUSTUMITEO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED31 MARCH2023
17.
Tan8lble fixed ass￿$
Group and Charlty
Signal Box
Leasehold
Theatre lrnprovements
Plant and
e¢uipmenl
Motor
¥ehicles
T¢tsl
At l April 2022
Additions
954
1.446.724
157282
LIOI.517
2.556.265
162.020
At 31 March 2023
1.604,W6
1.106.325
7.000
Z.718.285
Depreciotion
At l April 2022
Charge for the year
711205
770.197
1￿00
1,490J05
51
94383
91.630
6J164
At 31 M3rch 2023
806588
861￿27
7￿00
1.676.369
N¢t1￿0k value
Al 31 March 2023
797.418
244.498
1.041.916
Al 31 March 2022
si
734.519
331.3
1.065.960
Page 37

YORK CITIZENS, THEATRE TRUST LIMrrED
NOTES TOTHE FINANCIALSTATEMENTS
FOR THE YEAR ENDE031 MARCH2023
Flxed asset bn¥esimenlS
Investments
In subsidiary
¢omp•nies
sted
Investments
Totsl
Chgrity
C05tor ￿l￿otIOn
At l April 2022
Re¥aluations
497.776
19.9661
497.779
19.9661
At 31 March 2023
487JlO
487AIJ
Netbook vokne
At 31 March 2023
487,810
487.815
At 31 Mafth 2022
497,776
497,779
The historical cost of the investments is ES￿.0￿012022- E51)J.(XJOI
Princip315ubsidiaries
The followin8 were subsithary urwJenakin85 of the tharity..
Names
Companv
n¥mber
Holdlng
Induded In
con5011datlon
York Theatre Royal Enterprises ￿Mited
York Theatre Productions Limiied
02￿9939
09308382
IOOX Yes
lo￿ Yes
The financial results of the subsidiaries for the yearwtre=
Names
Income
Ex￿nditUTe
Profltlllossl
for the ytar
Net assets
York Theatre Aoyal Enterprises ts'mited
York Theatre Production5 Umited
L2111J93
717J51
I￿2.06s
gM066
I49￿8
1270,7151
180.763
Page 38

YORK crnzENS' TrIEATRE TRUST iIMITÉD
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDE03J MARCH2023
Stocks
Gr*)up
2023
Group
2022
Finished goods and good5 for resale
10,161
9,17S
De￿Ix$
Group
2023
Group
2022
Charlty
2023
Charitv
2022
Trade debtors
39384
81.131
39.384
438336
81,131
249.177
Arnounts owed bygroup vndertaking5
Other debiors
417,296
147,916
136.689
203.686
9A92
147.916
Pfepayments and actrued income
203.686
604.596
421.506
635.528
533,994
21.
Credltor5: Am¢wnts falliw thie ¥rtl¢hin one year
Group
2013
Group
2022
Charily
2023
Charitv
YJ22
Trade creditors
127x178
121.312
127.078
109.123
Other taxalion and social secunty
Other c¥editor5
19,605
156,565
872,916
19.611
68.111
6(NJ.929
19.605
156.565
872.926
19.611
68.111
6(N).929
Accruals and deferred income
1.176.174
809.963
1,176.174
797,774
Page 39

YORK CITIZENS. THEATRETRUST UMITED
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Group
2023
Group
2022
Charity
2023
Charirv
2022
Deferred income at l April 2022
Resource5 deferred during Ihe year
Amounts released from prewou5 peric*Js
181,969
390.455
552.015
1390.4SS)
181.969
390.455
1181,9691
55Z.015
390,455
1390.4551
1390.4551
343.529
181,969
S52,015
390,45S
Oeferred income comprises admission fees received in advance and grants which ihe donor has specified must be
used in future accounting periods.
Pa8e 40

YORK CITIZENS, THEATrE TRUST LIMITED
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENOEO 31 MARCH2023
22.
Stèiemeni ol funds
Staiement ol fund5- cwrent year
831ance at I
April 2022
Transfers
Inlout
Gaiftsl balarKe at 31
(Lossesl
Mèrch 2023
Inrorne Éxpenditure
Unrestrkted
fvnds
{￿jg￿otedfvnds
Desienated Fixed
Asset Fund
L065.960
162.020
1,041.916
Desi£nated Fund-
Community
Produrtions
221
221.664
Desi8nated Fund-
Creative
Dtrecior
14.176
14.176
1.301
(186,064)
162.020
1,277,7S6
Generolfvj
General funds
503.131
30.933
41
2.786,719
I.201￿5
13.22J,8161
11.052.064J
29.019
1309331
199661
85,087
I49￿29
41
Enteiprises
Share tapital
534.105
3.988.612
14.275J801
11.9141
19.9661
234.957
Totol Unrestrirted
fvnds
I￿35.905
3.988.612
14N61.9441
160.106
19.9661
1.512.713
Page 41

YORK CITIZENS, THEATRETRUST UMITED
NOTESTO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
22,
Statement of funds {tonlinuedl
RestrKtedfvnds
.City ol York
Capital Fund
Patricia & Oonald
Shepherd
Charitable Trust
399.454
1154,4381
245.016
IS.872
11.427
3S.(#)O
9.632
135.1701
13,7541
15,702
17,305
Access All Areas
Palio Proiert
NTConnections
15.6681
3￿25
7.477
19,4951
1.807
Development
Support Fund
ICOWD 191
Holiday Activity
and Food
Programme
37 Plays
Rithard111
Commission
11891
13.713
127.6041
2JKII
2.230
{1.0551
110,1221
3.176
3.878
3.711
IA32
Pay It Forward
Julius Caesar
675
lJ.9451
11.2501
810
3.750
Theatre Trust- VR
Grant
4.753
14.7531
Audtey and
Duncan Sava8e
Furtd
10.000
10.0(
Olhef resiricted
funds
145151
Z.241
108.935
1103.S421
1160.1061
305.S17
Tot41oAJunds
1296,135
4.097.547
14.565.486)
19,9661
1,818.230
Page 42

YORK CITIZENS. THEATrE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
12.
Statement ol fvnd5 (continued)
Staiemeni of fvnds. prlor ye¥
Balance at
31 March
2022
Balance ai
l AprLI 2021
Translers
inlout
Gains/
IL¢ssesl
Income
Expenditure
UnrestrKted
fvnds
i￿￿￿ted1v￿&S
Designated Fixed
Assei Fund
1,102,706
1193,3971
IS6.6SI
1.065.960
Designated Fund-
Cornmunity
Productions
221,664
221,664
Designated Fund-
Creative
Llifector
14.176
14,176
1.102,706
1193,3971
392.491
1.301.800
Geftemlfvnds
General funds
470.3
2.370.347
452,228
12.378.258)
1421.2951
42.9C6
172,4741
12.2241
503,131
Enterprises
Share capital
72.474
41
30,933
41
542.875
2,822.575
12.799,5531
129,5681
12.2241
534,105
rotal Unrestrkted
fvnds
1.645.$81
2.822.S75
12.992.950)
362.923
12.2241
1,835,905
Pa8e 43

YORK CITIZENS. THEATRE TRU5TUMITED
NOTES TO THE FINANCIAL STATEMENT5
FOR THE YEAR ENDED 31 MARCH2023
21.
Slatement of funds Icontinyedl
Restrktedlunds
ty of York
Capital Fund
Patricia & Donald
Shepherd
Charitable Trust
531,002
1131,S481
399,454
1.949
9.480
35.LK
1,314
121.0771
12,8461
13,8481
15,872
11,427
5,668
3,825
Access All Area5
3.479
Patio Project
NT Connections
9.516
3￿25
Development
Support Fund
(COV10 191
Holiday Actiwty
and Food
Programme
37 Plays
-chard 111
Commission
13.891
13,891
S.854
13.8531
2.001
1.000
13.2891
11.09SI
3,711
Pay It Forward
Art5 Council
Culture
Recovery Fund
The Berwick Kale
Foundation
1.770
675
1661
619.241
I387.8(￿)
1231.3751
3.S87
13,S871
The Platform
Project
Thealre Makin8
3.507
1281
13.4791
1.s￿)
I2.SC￿l
Kickstarter
Programme
other restricted
funds
34,125
134.1251
1.763
2.285
11.3421
2.706
574.629
713.914
1465.39))
1362,9231
460,230
TOt￿OIfvftdS
2,220,210
3,536,489
13.458,3401
12,2241
2.29S,135
Page 44

YORK OTIZENS. THEATRE TRUST iIMITÉD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH2023
Restrirted funds
City of York Capital fund- a donation of fundingto support the Theatre wilh ils ongoing capital costs and capital
redeveloprnent projects. The transfer relates to the transfer of fixed assets fiorn restricted to unrestricted funds, as
the assets are held lor general purposes.
Patricia and Donald Shepherd Charitable Trust Fund- lundin8 weNed to support the provision of an Outreach
Director to work with disa(fvantaged groups acr05S the City.
Access ASI Areas- funding has been made from the Ed De NunLiO Claritable Tru￿ to support the kce5s All Areas
rjrarna group. The group works with a group of young people aged 12-16 who are vulnerable, socially excluded or
disadvantaged in some way and would not usualty access out mainslrearn youth Theatre.
Patio Project- these funds have been Benerated through a variety of appea15 and events. The funds will we be
usÈd for thÈ redevelopment of ihe Palio area.
NT Connections- these fvnds were received frcvn the National Theatre 10 5UPPOrt the'Conne(tion5 Projeci. at
York Theatre Royal.
Oevelopment Support fund ICOVIO-1g1 This donation from a private individual was received to support the
ongoing cost ol Fundraising and Marketing during the COVID-19 pandemic.
Holiday Aciivify and Food Prograrnme- fvnding received from City of York Counol to support holiday activities for
disadvanraeed children.
37 Plays- funding from tfre RSC to support a nationvthlltle playwriting projett. working with 12 theaiye partners
across the counrry with the aim to get the natitsn writing.
Richard 111 Comrni59on- fun¢lingfrom the Rithard 111 Society CLG to supwrt the ueation and commisslon ol a new
play about Richard 111.
Pay it Forward- this fund relaies to indiwidual donations from customers for the provision of free tickets IL
disadvantaged groups to see a number of produciions auoss iheyear.
Julius Caesar- Funding Supporti￿ the formation of a tommunrty thorus to perfocm in the RSC prt#Yuction wofking
alongside 3 l¢xal musical director.
Theatre Trust- VP Grant- Funding from Theatre'5 Trust Small Grants Pvogramrneto capture immersive recording5
of live performances and deliver them using VR technology.
Audrey and Ouncan Savage Fund- To suppjrt small capital projects.
Arts Council Culture Rec(5¥ery Fund- Thi5 funding reflects the grant received and due for the round I bid for
Cultural Recovery Fundin8.
Page 45

YORK OTIZENS. THEATRETRUST UMrrÉD
NOTES TO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
Kickstarter Programme- a eovernmerf funded initiative lo create work experience opportunities fur 16 to 24 year
olds on Universal Credit who are at risk ol long terrn unemployrnent. The Theatre worked in pèrtnErship with the
Muslim Council ol Great Britain to provide six placements during 2021122.
Other restricted fund5 include the Name a Seat fund. YTR Bookclub. Theatre for Wellbeing Programme5.
CopperBate Woman fund. Stfeet Lile Project and the Terry Bovhds Donarion.
Tiwsfers
Tiansfers in the year represent the release of caprlal Brant funding and the transferlrelease tsf funiss previouslv
designated by the trustees.
Analysis ot net assets bet¥Yeen lunds
Anal￿$ of net assets between funds. tufftnt year
Unre5trkted Restrfrted
funds
funds
2023
2023
T*)tsl
funds
2023
Tan￿ble fixed assets
Fixed asset investments
L041.916
487.810
I.IS9.161
11.176.174)
1.1141.916
487010
1.464.678
11.176.174)
Current asset5
305.517
Creditors due vrrithin one year
Totql
1.512,713
305.517
1.818.230
Analysis of net assets between fvnds- prlor year
Unrestricted
funds
2022
Restricted
funds
2022
Toial
funds
2022
Tan8iblE fixed assets
Fixed assei investments
1.065.960
1,065,960
497,776
1.542,362
1809.9631
497.776
1.082.132
1809.9631
Current assets
460.230
Creditors due wthin one year
Totol
1.83S,90S
460.230
2,296,135
Page 46

YORK cmzENS' THEATRETRUST UMrrED
NOTESTOTHE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH2023
Re¢oncili*ion of net mo¥ement in fvnds to net cash Ilow ¢)peratikVa adr¥itie5
Group
2023
Group
2022
Net incomelexpenditure for the year las per Statement of Financial Activities)
1477,9JS1
75.925
Adjustmentslor
Oepreciarion charges
Losses CM) inyesiments
186,064
193.398
2,224
11,3261
15.8421
1137.3411
584.3(
9,966
13,0121
11,0861
1183.0901
366.111
8ank interest
Increase in stocks
Increase in debtors
Increase in creditors
Net Cosh provlded ty operoting1￿I¥itles
1102.8521
711,338
25.
Analys15 of ush and cash equNalents
Group
2023
Group
2022
Cash in hand
849,821
1,111.681
Totolcosh trndtash equiwolents
849,821
1,111,681
26.
Analysis of Cha￿e$ in net debt
At l Aprfl
zz
At 31 fvlarEh
2023
Cash flows
Cash in hand
1.111.681
1261,86Ql
a49￿21
1.111.681
1261.8601
849A21
Pa8e 47

YORK OTIZENS, THEATRE TRVSTUMITÉD
NOT£STO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 MARCH2023
27.
Capltal commltments
Group
2023
Group
2022
Charity
2023
Charitv
2022
Contrortedlorbut nDtwovi&din t•￿Sefing￿ri￿I
stotements
Acqu15ityon of tanBible fixed a￿ets
152,913
152.913
Pension ¢ommitments
The group operaies a defined contribution pensi￿ stheme. The assets of the scheme are held seperately from
those of the group in an independently adminisiered fund. The pension cost charge represents contributions
payable by the group to the fund and amounted 10 £24.02312022.. £21.7841. E8.31712022= £7.0311 was payoble to
the fund at the Balante Sheet dale and are included in creditor5.
Operatln8 lease ¢omnknnents
At 31 Marth 2023 the Group and the tharity had commrtments to make future mintmurn lease payments under
non-￿nCelIable operating leases as follow5..
Gruup
2023
Group
2022
Noi later than I year
Latef Ehan I year atxl not later than 5 years
Later than 5 years
29.331
109.0(K
29,331
111.081
324.729
297.479
435.81Q
465.141
Of the commitments atThte. £433.72912022.. £460.9791 15 payable lo the York Consewvation Trust in relation to
rent.
Page 48

YORK cmzENS' THEATRETRUST UMITEO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH2023
RelatEd party tr*sactlons
York Theatre Royal Enterwi5es Limited is a wholly owned subsidiary of York Citizen5' Theatre Trust Limired. Some
of the trustee5 of the charity are a150 dire(tors of ihe company. At the year end, amounts owed f¥orn York Theatre
Royal Enterprises Limited were £30.93312022: £112,489). During the year the charity received income from a
management charge of £33.34412022: £32,532>. In addition. the charity allocated Rrant of Énil12022.. £niS1 to the
subsidiary. During the year total 8ift aid donation were made from York Theatre Royal Enterprises Limited to the
charily tolallinB £30.93312022.. £72.4741.
York Theatre ProductlOn5 Limited is a wholly owned subsiithary of York Citizens. Theatre Trusl Lirnited. Some ol the
trustees of the charity are also directors ol the company. At the year end, amounts owed from York Theatre
Productions ￿mited were £407.40312022.. £136.6881. Ihis amount refierts tax credits due from the subsidiary.
rinR the year there was income of É20.40412022.. £19.0751 and expendiiure of É2,39112022.. E8901 relating to
Yofk sr John University. an organisation in which Cath Clelland was a trustee of durin8 the year and Dr Avijit Dattz
was a Foundation Committee member. A balance of £113 is owed frorn12022.' £5061 the University to the charity
as at the year end.
DurinR the year thefe was income of £5012022.. £nill and expendrture of £nil12022'. Enill with York Music Hub. a
harity in which Ann M Green was also a trustee during the year.
Ourin8 the year there was income of £nil12022.. £nill ar)d expenditure of £11,93612022= É2.9281 with Makè It
York. a chirity in which Will 2huang was also a trustee during ihe year.
During the year there was income of £82 12022." £nill and expenditure of £755 12022-. £2.1981 with York BIO
limited, a CC￿panY in which Will Zhuang was a150 a director during the year.
Ourinz the year there wa5 income of £27.23012022: E5,8541 and expenditure of £34412022.. £7791 with City of
York Council Lirnited. a comp3ny in which Will Zhuangwa5 also a director during the year.
Ouring the year there was income of £150 12022- Enill and expendiiure of enil 12022.. £ntll with RAR Colton
Consultin8 Limited, a cornpany in which Craig Colton was also a dirertof during the year.
Ouring the year there was income of £9.613 12022-. £nill and expenditure of E49.752 12022.. Enill with Frantic
Assembly. a charity in whith Maithew HUnnyI￿n was a150 a trustee during the year.
Ouring the year there was incorne of £nil12022= £nill and expernditure of £40012022.. £nill with University of York.
a charity in which Tom Bird. the lormer Chief Execulive. was a trus￿ durinR the year.
Ouring the year. expenses were paid to Trustees totalling £32912022.. £nill.
There are no other related party transactions to disdose.
Page 49