Company RtgistratEOn Number: 650220 Regi5t¢red Clkarity Number.- 234229 GLOUCESTERSHJRE EVERYMAN THEATRE COMPANY LIMITED (a company limited by gu?t#ntee REPORTS AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS Page List oEoffiteL% lid xdvisei Rcport OE tlie Tnistees RepoLI of the IAdcpendent ￿[uditOr ID-12 CDnsoLidated Ststejnent of17it)aiickal Actiiryties CliaEity.%i#tement of I,inancial Activiiieb 14 Coiisolidilted xnd a)firity Statimcnts of Financial Position 15 Consobd%tcd CAsh Ploiy StAtement 16- 17 NotLAs to rl)e Finaiicial Si3teineiits GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED OFFICERS, COMMirrEE MEMBERS AND ADVISERS DIREcfoRS/TRUSTEES C R T])om*s- Cliair Z. Alhincd J BIAckbui S IJIAAchfield ,1 Botkoivbki W E A F.divaid% C F lLted by an expctienced teain nf dcpaiiiiien¢al nianAgetS And st1Ff.'Ihe Bolid of trustccs, Ivhich cillLendy nuinbeis I I, adtninisrers Ilic cl)aiity,. Ilioy It)clude nieii]beLq IVLth a ivide 18J)ge of piofc5biuxixI Lixpcitise. expeLiLnce local kiioivlcdge. I'lie BoArd ond tlie coin￿treeS tesponsible Eoi finanic and cxt¢iitig ￿ttet qUAlterly. In Addiiion, tlielc ale ad8rJsory biJAid5 Cntnpti¥itig Boaid ineinbeis. Staff and exteix)Al Adv1501%. Oiie focuscb oil sirategy deliverujg igajsist tlie Alts Cuiil)ca's OutCOlllCS And Invtshnent pr￿C5P1es, and the secojia focuscs oa dL'velopmLint And fund Thi5ing. Tlie advisoty b03Lds al$n tnect qu#tleily. Tlie Chicf Lixecurive ha% delLbFaith Authurity. Ivithin teir)$ Aiithoiised by tlic tiustfcb, foL a￿[Atio]i￿1 mntiets uicludiiig fiiiatice. eJt]pbymcnt aiid i)xownitt]c cliuice. Key MaiiAgement PetSOJ2J2elRemii¢ierAtso Ihc Ttu¥tets consideL the Hot1Ld of 'l'w¥tees, Ihe ChielF.'xeciitive ana tlie sertiot inatli4 g£M￿lt tL'41in compiisiAg Ilic kcy iii?nfigLm¢tit peisojinel. £lll T1115rees give OE tliesl iimc fLeLIy And no"I'nJsret reJniiiiciRtiOn paid Jn tlie ycir. Dctaiis of 'lLUSteL' expenses Lylated paity trrynsactLOllS qie (9isclosed iij iiote 32 tu the financJAI st￿[el￿entS. Tjie y of tlie Chief F.xecuuve ii)d seiiioL n]Anigeittent t'eAJiI IS Lekryeived ansiually. T'hc COA%JdeLS a niinibct ol fxc¢oL iiidiiding the fiiiai)ci81 pi)%itioii of tl)e 'I]Ic2tie. the gener21 irtfl21ioii Late And p%y Thrts for %imilRr pu¥itsons 111 otli¥r UL%fini%Auoii%. GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED REPORT OF THE TRUSTEES- contitiued FOR THE YBAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT- continiied ReJAtedParties Tlie cliArity, 113s Iliiee ivholly oivnLd sub5idthLy coinpRni¥ts." TlJe C.loucestetsl)ire Evekyi)i#n I'hcatre Calerii)% CompRIis' l.imÉted, Ivho%c object is to provide bai cil¥ring facdities at tlie F.vei?rmaA 'fJicatre in C.lidtenham' 1.11¢ GloucesteLsluKt F.verym?Th 'llieAt£e Productions C.ompaJiy I.Illlited, Nvlii)s£ objeil is io pLoduce the parttoinime and oil)ei slioivs 8t tlie LlYeryinaJi TJ)e%ire in Clieltenhain. and Cyloucc5tCLbliiLe F_v¢ryinAJi TheRtre I"1)u￿]g Coinp?ny Litnited, Ivh05e object IS 10 PLoduce And tuui productsoJ15. T]ie subsidi*L}T coinpanie&' resulrs li%Ye beej) included iii the cunsulidited finAAci21 sr?temttnts as requitcd bi, ChRtiiies %i#temcnt Cjf IlecoEnmended l)ractice ipplkcablc to cliai'itjcj. prcpaLing their accuunts iii accotdancr ivith Il)e Financial Ilepr)rtirLg standard applicobk iii thc UIC ai)d Republic ￿£ Tielond (I.'IISIO¥ leffectlVL 1 Jxnuary 201)LI. Ilic Arts Coiittcil E.nglii tid and Cheltenli?m BoLough Couiicil provide coie Eujidiijg for Ihe TlieAtre #nd its educAtitsII #nd commuillty actswtics. Tlie Evetyman-I'htarre Cheltei]ham Dcvdoi)Inent 1'Ku%t ivxs esrablished to IRisc fiindb foL tlie Lveiyiniii Tl)eatte and oivlls the Pl1V￿lLy Acccss h.leInbei"ship %cl)eine, Ivluch CLcHlcd iii June 2022. The De1￿lOPment TLUSt is itsclla iegjstered c110tity and ktb tmstees #re drAivn fLom tlie tiu.stC￿ OE tlic F.veryinaii'fheAtIe. 8kMAnagement I'l)c'FLllStecs haire R L15k tn#iiAgement stt8i¢¥y wl)icli cottipri5CS'. quarterly L¢vieiv of the ii51is tl)e cl)aLitir may Eace. the esixblj4hmp.nt of sybrtiMs and piDccdutCS tt) Anitigii t¢ tl)rJse Lisks identifted ll1 tht ievieiv. and thL impleinentxtion ol ptocedu¥es desibryicd to mirLilnlbe #511, PotC￿tIal iinpAct on the chaLJty .4hould di(Isc tlbkb F'or the yeAL tu fv12rch 2025, thc mrJ$t significaiit iisk Eicijis the buiirtcss ivas high intkntioii, Ivliich xncrta%cd QPLL?tJAg costs reduccd dir piofitabdiry 2nd aVAiI?bility ol touling pioduciioiis. genelallir tlie key r15ks faced by th busiAc55 aic a Lrduction iti house piofit% diie 10 econoiDic f8ctOL% OL clianging t2Stc%, A iduction in giant tncome. pliy¥icxl disasier4 such as fite OL l¢>ss olp)ivei ind rc£ul2tory cotnp]iance. llje Ttustee% #LL confident Ihal I¢4SOA?blc ¥y8lem$ liave been estkblislied 10 idenufy ntiv risks aiid to initi%￿te And m2nage t￿StIllg risks. and tliat foLivxYd p1ftnn￿g ivill eiiable the chqLity to br pr¢pJred ALtULe eventiiahue5. I11¢8e sir¥iein$ include.. qU2ltedy revieiv vf Ilie ii5k tegislcL by thc iyJaJlA￿me￿t And Tru%iees,' a forecast of thc full Te2L FiiiaiiciAI irsu115 IhrLe umes a ye2E' close iDoJ]ttoting OE c2.qhfkniv knd cfi5h mkiixgeineni. InUt￿[￿ring of re%etvc IciTLls ivith redistribution of gtneril and designated re8cnrcs ivhete L'equired. a monthly ievioiv tif Ilie EinAnciAI Lesulig ag01115t budget. 8dditioIial plai)nLi)g xn¢ctitigs ivhen ieqiiiied 10 djscuss ¥iaffing levd3 aad iesoiiirc rcqullEinents' IPPLopriate ii)suranee cc)vct, Ivhich is revieived %iJJiiiAIIyJ LL'Kulir traulltig fol Staff.. attd leghl, HR and fmianciil Lnpllt ELDM exyert ii dvisors as i'¢quiiTd. GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED REPORT OF THE TRUSTEES - continued FOR THE YEAR ENDED 31 MARCH 2025 OBJECTtVES AND ACTIVITIES PLllftcipxI objective of the cliatity accoiaing to tho NletnoLaiidum of Ag$¢KiAUOI) is fo PLOttiote, Iniiniaiii, Imi)ruv¢ aiid advfince educ?Lially paiucuLqLI}, by tlie PLoductioii of plAyS c>f an cducHliQS1)al chaLaCtei Aiid the encouragtm¢iil 0£ the Aits, including the 2Lis of dLamo, mJJne, diAciJi¥, singing, Inubl¢ ill)d poctLy. atd tv forinulare, pr¢pii Lr and cstablisli appLOPLiAte scliL'mes. 'I'l)e chiriry sets uut to ￿chieve the8c objcctivcs by tlie runnit]8 of tlie Glouce%tcrshiL'e r,veLymATh'l'lieRtre in Lhelieiil)am and bi, the pie5entatian of tvutin& pLodiicuon8 8Ad in-huuse PLoductioiis. Ihe chqtiry lias tlie gei)eri11 gjm of conlLtsbutit]g tu the quii hry OE tife OF ¢l)c I￿ople uf Clielienh?m and Gl(Juce8tttshitr by cipajiainx t}ie￿ lial￿oll8 tIIiou8h the P￿)￿$11)rt of excitiiig, c112llcngiAg RAd Accesqiblo PLofession21 coinnJuIUry alts eveiiis. The mait] objectives fot rht iyeat continue to bc ilic promtstioil nnd fosteiing of 2rtistic knoivledxe and the Apprecinti(In of tl)e by Ihe proiTiSAL)n of facilitles Er)r the education and entert2uiinent oEthe pubhc in tlle fields uf ati. c¥2lt, musi aiid draina, Ivitli specific (ocus oIi dic youth uf OiiL Cliiinry. The %tiateges ￿￿p10yed 10 2chievo tht chArl￿& ubjectlircs aic to,. offer ()ppormftiues fof a bioad (Jf ￿01)le ro get ￿nvOlved in atls ALfiviry L'xploring thejr ciivn crttuv¢ poivers. piovtdc facdiues foi Hiiiatcui ajid PAol¢$8ioJiAI Arti51s/ivtiters to dLvelop ilieii aitistlc 5kills- encouLxge th¢ development of diveiskty of cultutrs Ililougliout the activities ()f Ihe Tlieqire. aiid pie*eAt H bioRd tasJ¥e of #¥ts ivoyk. Tjie inajor ifeAS of actirrity ale piesentatsoi) uf pLofeS%Lonal perlorn)2t]ces and educatioIial Il)eF1tLe and Atts ptogLanunes. PUBLIC BENEFIT III plaiiiiiiiLt Ilie cliaiity's Rctiiities for Il)¢ IreAr, Ilie trustee£ kci)l ill tnii)d tlyc CliaL￿ty Cuiniiiisgiort's guidaiice oil piibhc benlfit. Tl)e F.verJTman 11)efiiLe piovtdes A ivide IAJige ol i¥is 2nd enterlzitllnent fol the pr)pu]ouon of Gloiice%iei'shii lid beyoIid. Tl)e PTogLaniine of perfoiininces Ihi5 year liad a lin1v￿￿￿1 appeal Ivith ceitAin shoKv% Aiined bpecIfic8lly At l#mily iudIei)ces. e.g. E¥ivlul Auiirie. HThirspL?y iiid l?eppR Pig. hlusi£AI piDdiiction3 Ecatured l)eaviiy. indudAng Il)c UK toui 0£ Je5U5 Cliiisi SupcL$tar. CliÈcago and Douy l)911011'¥ Flere You Coine Agli in. 'lThe aiinuAI pintoinime AladdiIi, EeatULlll)gTivecdy tlie cloivn- PlOlTed A very POPLd2¥ pioductioii f()i %cI)ool y￿lipS and farniliLb IhLoughout the cnutjry. nie tlie&tre also play¢d liost to tlie LoThdun CLI}, Ballet, Fjiiglisli 1 ouling Ope¥a. 4fLd high-piofjlc dL2tna productions includillg The l(it¢ Run￿eL and A i&IaA fol All S¢ason$, 111 3ckn(Jivle(Igtineni ol Ili¢ current ]aclc ul t¢JuriJig productic)sis, IlJe BvLryiTr)811 112d opened a pindiicijoti ()f JidsiitnsnerNi¥lit's Dreani" in Mfircli 2024ivlllcli st tUllLedkt to vcnueb fitOLuid tlie countL)p in 2Ipril 4Trnd ML Hy> to piovide n accessible and enjuyable PLX)duction of Sli?kespcarc. Ih%s year qaiv rhe 2.fjth Annivetsai)r irwvai OF Sttri)eq ￿ l-Iis l)ockets, oji ivhich the LireLyman collabr)ialed ivitli The B2Lii Iheqtie. C.iLCiiCCSteA. In tlic Studio Tlieatre Rv¢ ivoiked iii paitner%hip IVLtlI Bl?E ck Houtid l)iodiiction% on Thvv Iittiv adii)tHtioiis'. %hoilr)ck Iluhnel & A C.IILibfiy)88 fvIy5tery it lid I'l Elves &. Ilio Slioe*]iaker. Tlie theAtie CfJAtitiued Ats policy of eJiAbling tho%c ivhu ale less able 10 pay In Attend Ilie l.Iveiyinaii- urAder 16s and over iv￿l. all oEleYed concessiut]s. Ileduccd price Pi111tamitiie tickets ivere made available tu byoiden the itAcli nf tlivse Ivlio could 2ttttid. Ive ivcre able to oEleL free PAntomimt iickei.s lo two lucal $chools fruin higli dcpEiwalton. To devclap future auth"enc¢¥. Ive have a illembettship schLine of[eLll￿ fret Uckets to 16 to 2.fj yc*i olds. ,.1Cce￿ ivas offered to mejnbers of the public its ivheclchiii. aiid tE￿Ie ALE Legdar si%ned, capuvIied ii nd Audio-desctibLd peifoiin311¢e5, touch roiiLS. Ivjth thE hclp uE# fioi)i BArni8roL)d I'ru$L in tlie yeAi ive iveLe Able to rtp11ce 8nd gLeotly inipi'ove nui ii udio sy5tcin lor the dcif Al￿ hThid ()f he1f ring. AdditlOlll1 lly, tliL hnusc Pii Xlt()iniii]e And both Siuclio Chiiblllliis slioivs iioiv l)IlVQ AiilluAI 'Lelaxcd' pcrfonnAnce¥. GLOUCESTERSHIRE EVERYMAN THBATRE COMPANY LIMITED REPORT OF THE TRUSTEES- cotstitiued FOR THE YEAR ENDED 31 MARCH 2025 Public benefit- continued T'he educ3tioA and cotninw)ity team, 2 newlleAd of Dei)aruneni, co)niiiiued to oEfeL An extortsjve i?n%e of cout$e$ d Nvotksl)ops foi local actoIs. wtiteis, childien and young people c(JJnmLiWry gLOUPS, ivcll aeliirelll¥ c1151llL'nging Aiid dcvelapmeiitsl work in the Studiu Thextre. EDUCATION AND COMMUNITY PROGRAMME Our yOLlth th£i4 tre gioups continue lo exparjd 2nd develup, Ivitli i?Ll)gLTrl711nCb 11imed not jllsl st ytsiing ictots, biit also vnters And daAceL%. ()ur 'Lvenrinovt" c]as%es and 'EvetyNvrire" scliejiie alungside our esiabli%hed groups, I'tsutji Tlitatic mcmbers l]ad the opporiijnity ro perform in botli OiiL Stuaio"fiie?tie and (iii the LvtfjTM￿I)'b Injio slo￿. 'I'liey als(i ivoiked ivith youth gtuups from HeieEoid atjd IXlorce%tor ￿ 2 Festival OE Youth, at)tiual collfiboration ivitli tlir CourtyaAd Theitre 3nd the Sivan'IlicArre. As ivith previDIi& y￿LS, Ive ofl¢red jUJliDL find %enio h,Iusic311'h¥Atre SuiDmer,%chools. Regular iVOLkshnp5 fol LEfi]geL COMMU￿tiCS iveLe offered in e()llaborxtioti ivirli Clicltetdiain Welcomes 11efu￿eb. led b), tlie EiietyiLAn's {￿l)￿rJun]ryr Arts ￿,[￿1]￿￿er. Wc cnniiIiued ()ur lli¢er-genciatioJial ivoi'k ivkrh lileftnvtlLtiI I"Ric Flome and Hesttr'5 WRY IILltn8Ly 8chool atd expanded tn aLqo Rvoik ivitlTr Kiinbrosc Catc Hume and St Peler's Primxry Scliool. Once a￿111, we $upporied over fAfry young peoplc un theiL iltls.IIvArd iouriiey> ofteIi a$ Ptitt of a PLDject piuductioii. Out iyoik ivith tlic Rock youtli piojett IOL di£*ffecred yOULig%ters yielded a iJLiinbeL of AIrs Awfitds. Likeivise, 1 fJ]nicd i)ieseniation ivith students ft()m tlic Naiional StXT CDllcge {younK people ivjth disabilitie5) cut￿lIlated th a li￿nber of the p1rtiCLpqnts gaining Ails Jlivii Ld$. 'Lcildensrei)" our daiice yc>ups lor niatu¥c dtinctrs. c(Jiitinui,d Aiid Miembe¥8 1)Ad rlie cipportiillity, 10 pcrE(Jrm At A nwi)ber o( public cvents. 'bvetyirOlCe" r cuint]iuniti' choi[¥, CL)i)iinued to CA￿ge ivitli ovcr IUO sinxeis ivbo PAItiCLPAted sn reheaL5xIs, 5i*igiiig ivoiksliops HIid peLforirJanccs ovei tlie tOllLqe of the yeai. Tlie clioiLS performcd u) thtLe pubbc concert3 at a SLILCtkUii C-,loiicestershiLe veiiuts. Tn *ddiiion to hosung small-scale pLofcssioAal IOULiiig qhniv£, tlie Studio I"heAlic ivas used ro create Ajid develop work by local thextir Compl￿e￿. siicludiiig Flicked 'FhuLDbs, HAintncipuzzle 31)d Tr.veLybody Panic. Iht UnivtLSiiy OF CloucesteL%luie iva% giipen 2 ILsideiicy iii tl)e Stiidio to blioivcasc tlic iv¢Jik of Licativc Illntiiig i)￿deL￿￿duthtéS.. 11 selectian of studcnts, pla}rs ivis dilccted and peLftsttned by local professi()rLiI creRtiTrTe¥ ind pci(oiiners. C)ur B"fEC studcAts AL50 perf0th￿ed & rlutnbei oEtime$ hele ovei the coursc af thL yeai. Dulljg this ive cteated tlie Threo c.ounties T*ltAt FIub ii) coUiboLaUon ivith hI*lvern Theqtres Riid IVut¢esteL I'lieatiLs. Tl)e object c>f ihc schtine i% to cvmiJiis5ioiI locAI Pl￿￿￿rrIg11ts (from Wit1￿ C'lauccstL'Lshi*, Heiefurdsl]iie Jid Iv￿LeeSte￿¥h1lf) to cttate neiv plays, stRKe them ivith locil pioEessional pciEomiei% and creAtiveq' expiid the cach ol the ivork thiDugliout die tliree coiisiiie¥. GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMETED REVORT OF THE TRUSTEES- coniillued FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENfs AND PERFORMANCE Dy blFiging hs£li quAIity ￿fta vaJJed perfoll￿nceS, antl cxe8t￿S a ivide-iencbiiig F.ducarioii Rnd Ctyn￿n￿t)IlY pruBtamille, tlie 'fi￿atle mi't its fiindoment21 tArgcts iIi le￿n8 OE quahty aiid piibb"c iJ)vOlvctn￿]l. Over ihc COULse of thc year Il)c LveryinAii sraged and/oi LecLiired a hjgh standaLd of touiing i)IDdiict, Ivith eitellent tscket sile%, cspecsall)p EoL"profilE" ¥hvNvs like CknC2￿. We ivete &ivnrded the south Ivest Cirde to Succe%s C.ommuiiity Aivaid for OUA ivork witliin IOCAI cuiniiiuiJitiES 'IIL ye*1 siaLted iwtli 11sslJights iftcluding ii ivard-IviniiLI)g lyllcist Sjr Tiin Ricc tcflccting an his cxieer, tht Ori￿n￿l CASt nlDrop thL De￿a Dnnkc}r In a stag¢ adaptatiui) olthe bliow, Corlo%.Icobta ptoiridll)ga Q&.A to aecoxnpany Iliirnisigham Iloyat BRllet's perfomiances uf his ivotk, Ind aivaid-Ivinnin% sl)oivs, Lif¢ of Pi aAd'tht l(ite Illlniier. JI inore dif&cult petiod Inllawed.. 14onoie & Cli,de ivas cancelled at short notice by tlie pioducer%, and hvo petfoLtnances ofJesus Chtist Siipcrst8L iv¢¥ecancelled; ()iie duc to rumuured tic)ts, ajid anoithet due 10 a Incal i)uiveioutagc. tsl $lioLtage of p￿duct led to difticuEtie5 iii scheduling the Autiiin1i 3casoM #Dd gLeRtei fiiiiiicsAI risk ivith Jnc>iE prodiiccLS requiiing A 8UOiantee. Our fortuneg tULned ivitli this year's in-liousc iiantrjmime of A12dd£rt'. the i)aJito ivas once figain a huF success, bcing i)ominatcd for multiple t￿li01￿al XiVaLds Ifol PLodiictioA desIgn. cosruiiics ALid PeLfoLll]AJice) qnd rccesKryng ieiqeivs over 45,(K)O puople illtejided fLUln #ll ovet the country. iiiduding oveL 150 schnol parueb, aiid thc fiJiAI qu11rei' of tlie YCAI IVA8 veLy SIL￿￿85 iwth produciioiis includittg Clu"c2go, Il foL All %eAsOllS. Roek5' FlotEur Slioiv, Six, And C)Ld on tht Tnin. 'I'lie nutnbei of perloLmaiice$ pie5Cllted iii tl)e hlAlll IliiditOLiULn and Studio 55612023/24.. 54.51 Nvith RttcJJd4fiiices iotalliIJg 240,042,12023124.. 196,CJ381. ,ItteJ)dances ivLLr dtxwn 85fj111 12023124.. 84,1,) fron] Gluucestershire ￿nd 15(/b 12023124.. 16.1.1 from ouisid¢ rh¢ cnunty. Wheii 22.264 PaLticipii)ts CilV¥itig ivitli EducAti()n atid Commiinii3p cou15tS, PLojectg xttd pe¥forminces added, the tLil¥l fittendAnces foi thc y¢%r aiL 262.306 (202Tr124.. 215.43C)l. FINANCIAL REVIE Tiie coiLsnlidated iebuli> oltlie chArity nd its QgfL?Ung subsidiArics loE the year are set out Osi p￿￿ 13. I'lie l$dt of touyiiig product, ¢2ncelled piodiictif)ii, ancl IiJ*h iatc OE infliltlon CLeAted considtrxble flliancial pieq%iiLf in rlie ye8r. HoivcvcL, Ive bcnefitted fioin tht successlul pLograminLng of A nui]Ibei ullarKe and popiilfir shoiv$ 8Jid >iifjde 0 5uiplus OE £136,017. 'lliis 5uipliis ivill be us¢d to help the chAJJry AclTrievc its vbjecuvcs. Ab det14 ded iii the Resctve ecuoii. SI)OJlSOTship cliHtitl1 ble dOnAt￿On$ remaui an tmpoitfint part of tlje 11]eAtre'$ iiiconie.'Ilie Everyir#tt 1% PArticiilady gixfeful 10 it$ tiiatly SPOnS(JL%. ill Pjtticulxt tlie tslits Cuiincsl LtigilAnd aiid Chclieiih?tn BoiouglJ C.ouiicil foi d]LiL coniiiiued siii?pori. Tjie i)etiod coiieLed by the CiiLrellt ALts C()uiicil EJigE)i)d bcen exiejided to ApLQ 2027. nnd fi fiinding agieement ivsth Clieltefthnin Botougli Coiincil is in place foi 2025126. A key eltmeni of UUL Stritttgy is to exP￿Ad prvvisiorl of iVOLk ift the coniiniujity, and Oct¢Jbei 2024 ive PiiLcIIAbLd PIOPCLty iIi Grove Sti'eet, Chelt¢nliam tri re£iiLbisli l)dp ug Lneet tliis objective. I'he £374,0(K) PLopeity acqulled for £274,0110 di8nk% lo die siippott qnd £efteLQblty ts( tlic Sell￿, the C.helrenhain Kvesl Ltid PaLliieL%hip Lrd. A fuiiclrqisiag camp21￿ beei) mouiited to ineLt Ilic refvrbislimcnt and opeiatiiig costs. Tl)e IcEutbisl)ment Ivc>ik conllnenced m September 2025. GLOUCESTERSHIRE EVERYNIAN THEATRE COMPANY LIMITED REPORT OF THE TRUSTEES - totstitiued FOR THE YEAR ENDED 31 MARCH 2025 Investittent Powers *nd Policy lknc'l'niste¥s ivid¢ investmcnt puwers, And niay exciastt all poiveis ol Ilie charity siibject to the chfitity's ch?titfible ubjeciive %tlt¢d llboiTe. Reserves Policy The TNstees btKive to Stiike a ba1211ce behveLsn misntauung LeseLves tn cnsuLL the conijnuiry ofopetation%, %upport rhe objecti1￿S of the chArsry, and to masnt8111 the (Fradc 11 Ji5ted biuldingivitlwi ivliich it opeiates.'IThL fjr)Ilowing pll13¥aphs piovidt ￿rther nlL13tsve %ULrDiiiidiIig tlie putpose ol CAch reberve. 8$ detRiied in Iivtr 2114 nd 22 01 tlie 2cetsiints:. Tlie Continuiry & Excepiionals CircumBtances Fund is £950,1)00 8iid ivviJd covei tlirce moiith% of Cot￿nItted exp￿id￿t￿Le, Allowll)g ihe'11iefitre tu maiiitjiti (Iperxtioiis and meet it% obligAtiun¥ iEan exception21 cIrcuinstante tiused I sudden of ￿C￿Me. ThÉs fund Kvill be Icvicived Eegu]ailip to ensuEe it i$ miintaittcd at ihi¥ [ql￿tcd levcl. I"lie Major Mainfenance Fiiiid 1$ 1-.SOU,UUO. Mie trustees liavc idcjitilied a scliedule of £l.400,II￿ of re4uii.ed ivoik5 c)vei the nexr IO+ years ivliich 114ll be dciiveied in a io]]itig piowini]IL. b#%ed on kry prioiiiies. DuLing 2024/15 tlio F"'Lollt oEHouse ivindtsivb Ma￿ house dy)]nier5 iiAdcLiVCnt ECPRiY xnd teplacement tu staLI off this i)laii, and 2025126 vill See i￿veStMent it) tlie fLoni of hoiise lift and ail hRAdlir%g. £120,262 iv%s utili$ed in thc Ipeat xxid h1$ been ieitnbiilyed vith 2 txansftr fLOtn Undesi￿￿ted FLJnd5, The objccuve jb to incrcAse tlIL ILVLI ol this fund tu £8%0k OVCL rl)c iieii .5 y¥11 LS to eiisurc all business-cntsc#I aslets undetgo x tliorrjugli rcTr4ew {othei exitnples Jjiclude the 5cciic dock lift. tkLe iouf aiid tlie boiteL T]Je Grove Stteet Fiittd iv2s cie2ted in 20931J? Ivith i [, 400.Ot)O traiisfLr fiom uiidesiy)at¢d ieser¥es ivhicl) thcluded a ¥tneroiis £45.000 bLqU¢$t fxoin Lady Jiine IvlArycIIuLcII. kry objecuve of the cliAllty to toiltmbute to tl)e qiiaii4' of Ikfe nf thc people Cl)elienhAm GluucestL1511iic by expHIidii)g rheii hotizons thr(>u*l) high quabty cotninunity Lt% ACtiNrytics, evciit¥, aiid piojects. 'fo expajid oui provision of ivork irt ("Iielttnliiiin ive pyrcliased 2 pioi)erty irl CJrc>ve Strett, Clielteiiham iii OctubLI 2024. 'fhc prrjperry will be kjioivii as tlie Ei*ry1na￿ LducAtion Certiit Il]fs fund, Ivhicli has bEen LtnAnicd the Everyjman Education Cejitre F41nd, eJiAbled us to coinmit lo lrfutbis1￿￿g the piop¥tty wlijle ive %eek fund*ng paitners And donatioiis for tliL PlOjCCt, and Kvill ilso be u%cd foi expai)sion. Tlitt Community Work Ptojects Fund lias L135.000. Duriiig 2U24125 £9,706 ivas illVLStL.d in * coininuillty pLojecL eiigaging Il)e refugee ¢ommunLry kite fe$tiv#l, aiid in a coilabniation iviih other local orgatUSAti0115 to cdcbrHte tlie life ¢if local composeL, CJU5tav l-lolat. The liind lias btten Lesioicd 10 £135.OW with a ttaSlsFet ftom uJidesi¥n?ted reseNe&, as thi5 futd ivill lielp u5 PLoiryde moLc pLosects it) d)e cott)Jnu￿tIy. Tlie fund fot In-Hous¢ Ptoduttiotks & Tours iv2$ cre3ted to supi)01l OUL 111-hou5¢ It)d cc>-pt(>duciknn ivvrk, due Irj tlie inhctcnt finxxicial JniTc>lved ij) 8ucli piojtcts. Ive ivere succc8sfuL in 2024125 ajid receiired iticuine of £161,L113 ELOM OUL cn-pioductioi)s in'lthe 14ull fvloJ)ry iiid Haitspiny. 1'1u% gam IiAb been tLEnsEcrLcd to uiidesignateJ reseivcs t lexive Ilic In-FIouse Productions & I'ours FLind ivitli £65.000 ivl)icli 15 deeined Ali apptc>pllale level foL 202512C?, Ivh¢I ve 81¢ inircsting in a co)-PLodiiction of Nlilitiry Wivcs bui ale not uiidcilakii)g the iJqk5er Activity r)Ebcing style i)LY)diicei OE a nAtionHI tOllL, GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED REPORT OF THE TRUSTEES- continued FOR THEYEAR ENDED 31 MARCH 2025 Tradiug 5ubsidiat&e8 Despite conceLns sn rlie tlikLxI quartei af thr yLAt tl)al custoiners, disclytiuiiaty spcnd ivas ieducLll£ due to ecr)iJonuc pressures. 6(Ir the full yeat, tlie Glouce%tcrslllre Eveiyman'I'hcatrc Calctuig Comi)arAy Lirnited pLtsOiiced A 4 10 ti)cYEa4e in 5Rles Dve£ the pievsoiis ye*r. Ir ilso iinprov¢d it% globs mHrgii) peiloLtnatice fLOm 71.(V/o to 72.7n/ts. Tliere ivas liigli vage ittd cosi infliuoj) duriiig il)e year, but the business ilsL) Inana￿d tu llnprove its nct plofit perEoLinance ftum 9.31Tr/ generating a profit fo£ tlie yexr (>f £()6,5l)O which Lt d()natcd to thL' tII¥Atre12023/24: 03,827). DutiIi¥ the year. tlie C.loucesteishiie F.,'tteLryman Theatrc Productions CDIiIPlny J.td cKeated a wbra￿l pLoduciiiJts ol ,{ladd￿ iji the Maia JKuditaiiurA ivhich ivas ejijoycd by fatnilieg ai)d sc1)0￿1 paLtiLb fiom Jll PAii¥ ul tl)e county. 1-Iie CFoveLriment LetRIiILd uIie fsJJal year, the ￿£re￿be￿ Ixtes ol'l'licarre TIN Relief that liad been broiight in ts) lielp the sectOL AEt¥L tlie CovLd pxndemic, and diis uratly bciicfktkd t1￿ company, ￿labbI]g st to dosi8re £180,581 1202412.4 '.£174,147} lo tlie tl)eaiLe. Ift Jlpril 9nd hlay of 2Q124, thL Gloute$iershiii Everyjnii tiTI￿at[c.￿,0ujjn£ Crjmpatty Ltd touied nationally il¥ ptoaucuD oE,.l LktidsunllnerNJght's DieAtn ivhkch lii£ d opentid ai tlic'LlieatEe in fvltirth 2024, Ui)furtuiThtdyJ de￿pIte ￿e#t %uccess lid Iiigli sales IA Cheltenliam the productiun did A()t fttrt a9 Ivell xt utl)eL venucs aiid innde 2 IL)ss of £83,770. Tlic lus l)Ad been recogTus6d iii tl)e 2023124 Accounts xna th¢reloic the subsÉdiAiy bLoke cven tsi rhe yeai. PLANS FOR FUTURE PERIODS "L'he majuL Focus cc>iitiniie.% lo bc a disiitictive, Iiigh-quality charactcr iii Ihe Fveryinaii's PLDgtxiivne, Ittr2ctin stiong irl<ing ptoductiuns aiid pxoduciiig hi8h-piofde iVOLk in-house 8iid for Ir)ullng. To addrc48 the Lisk uf yp% sn dje sclicdulc fruth * lack of ivail?ble pIoduct the Lisll olreduced 2udieiice numbets due to ittflation2Ly pres%uLlS, tcgulaL revieiv% oEthc business ivill cojitiiiue to tAke place to erL8UIC aii5r nLcesbXiy chinges aLtt iinpLL'mentcd quickly. A siKniftt2At focus dU￿￿g 2025/2C) Ivdl be fundtaisiftg for rhe neiv EVCL yiiiin LlducxtivJJ Cenue ￿ Grove Siieci ai In*na￿ng the refurbislitnent UF thL' piopcrty 211d eKponsion of Ol￿ Ediicatiott & Community team to dcknvei. InoLc ivork IA tlie cotnniunity, ￿￿th R iryeiv to Il)¢ centsc opejiink in,%pritig 2026, eyond thar, tlie Lveiyman 14 looking lo cbtablisl) 41 flo￿61e. Inulti-putpv%e baqe iji Glo)uc¢steL, Ivliichivi]l a creAtive hub fvl pe￿[01￿1￿g aits oEall slxApLs, S￿05 Aiid foYinÈ in tlie C.iry, Inteiing Ili¢ needs of as locgl groups xs i)0s￿I￿1C. It 21s0 #Ct as a ba.%0 of DpeLititiiifi foi 2 dedicRtcd F.ducauon ajid cO￿l￿￿nity I"eam to reacli our ?ciDs5 Glouce.%ter to sch￿1$ and coix)JnUlllty groups asid build on th2 Lelatioiisl)ips alreidy bting forxed in tlie f.ity. In conclusi()n tlie Bo¥ird xvould like io expiess its apprecittiiotj to il)e 1heatie's Chief Extcuuve, Illark Gouchei., the JnAnigeintnt teain aIid xll Ilie si¥ff. for tlieiL I)aLd ivork 8Jid coiiunitmeAt ivhich mxde 2Q24125 sucli a satisfyiiig aiid valding yeii i fal oiir audiences And pALti)ei¥. GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED REPORT OF THE TRL'STEES - contittued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, RESPONSIBJLITIES IN RELATION TO THE FINANCIAL STATEMENTS I'lje purpose of Ihis statement is to distin¥L]ish tl)e ILll$tee4' Lrsponsibibties telautjn ti) financjal statemeJ)ts and Iccountiiig Lecoids tlirise of tl)L Auditnis As stated in their icpott. Cl)Aiity #nd compai)y laiv requ￿eS the trustee5 lo preparc tLLiaAEial btatemcnts fol eacli fJnAnci*l perii)d ivhich £ive a tLIIL Aiid (xii y￿1v ol the state uf afE?ilS And of thc iThcoiniJiK tr,wuices 2nd appiicAti(>n ol resourcLts of Ilie ch?tily Evt that pttllod. lil prepAring tliosc financial statcineKXiS tli¢ trustees kie requiied tth.. sÈlect S￿[￿ble AccoijrLt￿g polkcies aiid Ilieti apply tlwtn coAstst￿)I1y. obsetvL tlic n]cihods And PLjI)eiple$ itk the ch%iiry SORP.. ike judbFancn15 Hnd estllD¥te$ that ale re28un3ble ai)d prudcnr. PLepate tlie firtAJltsal st#temeixr8 011 x go>iiiK conceiii basis unlesb It 1$ inappr(Jpiiate to Assiifne that rhc clJ2rity Iv%ll caniinue io opeThte. In addition, the TLtyStees responsible &)r keeping piopcl accouJ)tinK records ivhich disclose iviili Lrasoiiable qccutAC}' at 2ny isme IliL fAn2Acial pnsitinn of tlie cli#rity aiid to enable thein to ensure rh21 the fiJiancAal statcinesits coinply ivith ielev&nt l¢gi%]atson. The TLll$tees ate Also rÉspo&issblc lui. $8feguaiding thc asbets OF the di2LXty &nd lience fol taking ie25011able Steps foL the i)ievciitioti aiid detecuon (J£ Eraud aiid otlieK iiregLd8iltie5. STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS So r As tlie t¥u%iees ?IVALE, theLe no idcvRlIt audIt iiJEorniatsoll las defiiied by Section 418 of the Cnmpaiiies Act 20061 of ivlucli rlie chaLjty'S Ruditot5 arc unaryvaLL, al)d cacli tnistee l)A.% tAktiJ au flie step5 tliat hc/%he uugl)t to Iiave tAkeii as 2 trustett IA ordei to inakc liiinselllheL%elf ?IV2LL of AAY LelevAllt oiidit knfonnaiioii and to e¥tiblish Ihxt tliL chAlity'% &uditois Hrc aivxKe of that iAfolliiauoii. AUDITORS BIC PILiS Iludit Lynited havt beei) rtapposntcd foi a tIILee-}TeaL term. until the xudil far thc ytai t(J 31 fv1)LclI 2026. This Lcpnrt has becii pt¥Pi1LLd in ?ccord2tice witli t[￿ ￿peCial pruirlSlOI)s oFPaLt 15 of the Coinpanies Acr 2006 LEkiitJ£ to S￿&1[ eiititie5. ON BEHALF QP E'BOARD Tnistcc CLI OM DHtc'. 27 0 REPORT OF THE INDEPENDENT AUDITOR TO THE MEMBERS OF GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED Opxnton VL lixve audited the fin&t]CiAI Statements of Gloucestek8luLe Éve4TmAn Theatre C.oinpAny lthiited {thc cl)4LLtable ¢otnpi￿y,I fot the yLai' endLd 31 h.Iaieh 2025, Ivhscll coinpiise tlie Consc)l1(141Yed %tAttm¢nt of Fiijiaiicial Activities, d)e CoJisulidAted JAd C.hatity Statrincijts of Pti)aiiciai PositiOJJ, the ConsobdAttt.d SraieineAr of Cash Floivs notes to Ilie finAnciRI 5tatemcnt5, iiicluaii)g 2 siiinn¥iry OF 5È8JiificAnt iiccountuig pohci¢s. The fiAILncAHI teporung ELameivoik thAt h2s bccii xpplitd iii t11e￿ picparatioii is applicfjble kniv aiid Ui]Lted lin Accounung StAndaLds (Uniied Kin%dom CJcneially Accepted Accounting Pr#cuctl. lrt our opinioii the fiJ)iincial $tateincnts'. giv¢ a iri￿ %iid EAit vieiy oFtl?e siAte olthc youp's Aiid the chatiiAble Coinpii IIY'S 8f6akL5 a% At 11 N4xich 202.5 of the gtoup's incorlung resources Riid applicauon of rt.%ource¥, ￿ClUdi1]S it& illCOLne and expenthtuic, fot Il)e }reit then endcd. haiTe be￿) piupeTly prL'PALtd in accoLdaIice iviili United KiJ)gdom Q7ciie.rally Acc¢ptEd Accouiitijig PLiCtice' ajid have been picpalrd iti RCco￿d%ftCC ivitli tlic Le4uiiements of Ihe Comp8JlilS ilct 2006. Basis for Opinion We Co1￿[1¢ted oui ￿uall £n accutd#ncL Ivlth IntCLnariun&l 8ifiidaids on Auditiilg {UKI (ISAS UJIQ) Ipplicable laiv. Our LespoA5ibiiities iirtder thc>sc 5rhndaids ii rc fuLihci described in Ihe itSPow.fibi/¢liesftsi' tlje 4iiAil of KJitfiiiait¢io1 rroieipiepiir sectic>tt ol oui iepoti, We Ate it]dependci)t of Ilio cl)atttable cuinpany in 2ccord2nce ivitli tlie eth￿￿1 cquitcinentb tligt ote relevant to our Rudit of t1￿, lit)ancJal statements in die UIK, iiicludii¥ Ilic rKc'$ EthicAI Sraiidqrd, 8nd ive l)ave fulfdLed oui othet etliicil Lespon.%ibilitics Jji accoid*ncc ivith tliese Lequiieinents. We believe tl)0r the audit evidcncc ive liave obt2ined is sufficsenr 2nd Apprupiilte to piowde biists EOL Out Opi￿￿￿. Conclusions telating to Going Concerh In Auditiiig the fiARJicial stRtcmrnts, i¥e 114217e conduded thxt Il)e 1 iustce¥' use of i1￿ going concern bosis oEAccounting in tIIE piepRtation vf tl)c fii)2ncial st8tcmentS 18 approipLJ*Ie. 14a5Ld oti the ivork we Iiave peifoimed, Ive llave not i(kiitlf￿d HAY mxtenAI unCoLt8￿tie5 rel￿ting to eVLI)ts oi conditiuii thqt. individually c>i collectively, cRbt significaAt doubt on tlw Q.11oLiIAble Comp*tty'% ability to c()ntinue 2$ x going concein foi a period of at Itast twdvc mc>ndi% froi¥K ivlwtt the finTrIicsal stjtctnents are Autliotised Fot issue. Out iesponsibiiittC8 AAd tlje Ltspon8ibdilEcs oFtlie Triistees iviili tuspect ro going coticeti) Are descillbed iii rhe iilcvajit sections of tlii5 teport. Other informatio T]ie Tiustee5 LrspoJi¥ible for Ilie oti)CL mE(ILmAti(>n."Ihc orliti JiifonnquorL COmPti5eb tl)e inlonnAtion itkcludtd isi the Triinuai icpott, other than tiic fjnincial stAtemeiits and oui Report rjf thc IndepLiidei)t Auditor Ilieieon. OIiL OPitiioti oti tlie finincsil %iateineiits does iiTrt covet tl)e other ￿f￿1￿￿tiO]1 oiid, except to the extciit f)dieLTrvise ¢X1)Ikudy stated I￿ oiir iepoii, Ivc do iiot exiiLe8% Eoiii] ul nssiirance coiidusiuji thereon. Oiii respon%xbih-ty is to Lead Ili¢ otheL iiifoLiT11tion ind, doiiis so, con%idci Ivhcili¢i Il)e otKcL inf()IM￿l￿on 15 In0reriThlly iiic¢>ttsisteni iviili Ilie fthajicial %tstement$ tsr oiir 11rtoivled￿ obtAincd tli¢ course ol ￿le audit. oi othcrnvise 8Pp¢￿15 to tn8ieiiAlly ini$$l8ted. If idLiitify buch m2tLiiol incoiisistciickr3 OL APP14 ieiit inAteLiAI misqtkteintnts, Ive Jre ieqvir¥d tc> deteimllie ivl)Lthei tlJis yves Lise LO A JnAteLial ini55tHteiiieiit Jji the finAncial st2ieinertts tlietnsel1￿s. IE, bxsed oti tlie voik ive hAve perfoimed, Ive c()idd cuncludr that IlieLe ÈtLAteiial missiArtineiii of this c>tlier iiifoimatIon. Nve arc iegllLLLd 10 repoLt that FTrct. We liave nothing lo tepoit Sn this Ltg4Ld. Opxnion ott othet m￿tter& presctibed by the Companies Act 2006 In our opu￿0￿, bRsed on the ivork ui)deriikeii iii tlie coiirqe of the iiidit.. tlie iiifollttAtion giveii iii Ihtr RepDLt OE the'I'iu£tees foi tlle finjncial ycal foi ivhicli tlie finAI)ciJl 51arem¢nt% ale prepaied As coii¥isteiit ivith tliL. fmIAI)Ci￿ stateineIlts' iiid the Repoit oEthe'1'i￿tee$ hAS boEn prepaLed accvLdance ivfitl) Apijlicfjble legii I rttquiLtnicIits. io- REPORT OF THE INDEPENDENT AUDJTOR - continued TO THE MEMBERS OF GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED Maiters on which w¢ atc t¢quired to report by exception III tlie hglii of the kllolvledge fiiid iindeigtanditiBF ￿E tlie Lhatiiablc compiilly al)d its enillyollineni ubt￿l￿ed in the c(iurse uf the iiydit, Ive havc nut identified miteEiAI misst8teineni$ rl)e RepoLt of tlie TrLlbtees. We ntsthing to ￿poLt in respect cif tlic fvllo1￿￿g mitte[8 ivhere the C.oinpRn*es Klct 2006 requLies u5 tu report t you JE, In our opuuuii.. AdequAte accounting tCCf)Lds11ov¢ not beeli kept ()r rttiittib ad4U?te EOL Out Audti l)Ave iiot been £eccived fLoin biaAches lryblteLi bir us. OL Ilic finaiicial siftLeniclltS aLe not in agteemtiit ivitli tl)e occouniiiig Aecoids ai)d retLiLn$' or certaiii discbsuies (If tLU8tecs reinunei8lioA si)ccified by laiv arc not inAde: r)1 Ive liave not receivcd all (he l￿fO[l￿all0￿ explanations ive iequire fot our 11 uth"t' or the Trustees iveLe not tniirled to PLcpaie tlie lji)Ancio1 £lAtemesits sn accoidH￿ct Ivith die sinAII comp21ULS L¢gitnc nd lake 2dvant8ge oEthe ￿liall cornpatues, LXLlllPticJn frotn the t¢qilll¢Lnellt tu ptepkre % Stiqtcgtc Kcpurt Of Lll ptepaLin¥ the Repnit oftlie T*usrceg. Respon8ibilitie8 of tr115tees A* expL11n￿d niorc fd]y in the %tAtciucAt olTiu$tccs Re¥pOAsibi￿.lles, Il)e Triistce8 {Ivho Ire olso tlie dlieciots uf Il chArir2ble con]pany foi Ihc putposcs ol compiny lalvl #Le respoii¥ible for tlie pAcpaL?tioii of the f￿AnCiAl SL?tetnet]t5 Jid foL beiAg satisficd tliat they A tiue Al)d fail vieiv, 111d foi such intexnxl crjnttul R$ the 'fiusiees deteiinine ss necc553ry ttj ejixble the pEep2rAtioft of finaIiciAI sroteinents tl]at liee ELoin mllteisAI itiiÈsiai¢inctti, Ivlictl)ei due 10 fLiud erTOL. Ill PLePALllJg thL. fmaiicJ21 statements, the I'£u*tei's #Le iEsponsible IOL aSSf&bing thc chajytable comp81)y,￿ Ability tts eontinue is & goijig concein, dx5clossn%. aq 4?ppkcable. Jn3tteis rclHtrd to gotsjg cusieein iIid USLI)¥ the going coi)cerii basis tsf accouiiun£ uJde&s dic TinsteLs eJtheL Illtend to Jiquidatc Ili¢ ¢l)atttable cuinpartir oi to ceH5e npciativns, or knve iio reabstic alteLiiative biit to do so. Auditors responsibilities for the ttudit of tlie fitt4tkcial st*temenis ()ur objectives to obtain icasvniblc assurance abr)ut ivljttlier tlie ftsiatlciiil btlitements is 2 ivl)ole are f¥te froiii mattti?I illi5Statement, IvhLthtr duc to fiAud oi ertor, 1nd to i5*ue g RcpoLt of tlie Independeni Audittsr tllat Jjicludtts OIIL npinioiL. ReasonAbl¢ .?SSlJlAJice 18 2 high Itvel of assuiaiice but is not fi waiantcc tliHI 111 aiidit conducted iii accotdHnce ivith 18As (UK) will it livays delect a inqtcJ]al n]isstAtemontivlieti it extsts. h,tis¥ixieinexits cAn ￿L￿e fEoin (t￿Lid ot ¢LLnY aiid considered n)arerial if. LtJdividLIAlli' or in tlie figgiiegqte, tlicy i¢asoJiably be exp￿clea to influenc¥ tlie ecoiiomie decision8 ofuseis taken uii the b4.qis Df these f￿anCIaL 3tatclne￿tS. Iriegularstie5, iAcludiAg fiaud, are Inst2Jices of non-compbiiKe i¥itli law￿ And tegulaiivtis. We desi￿1 piL)cedures irt line Iviili oiii rcspon5ibilities, oijtlsned 2buve. to dctcct i#Rterial I￿Sstate[￿en1l ift Le¥pect of iLrcgulAAllues. ￿ClUdIng IIttuLI. 'I'lic Lxtent tt) which OiiL pyuceduies aic cApable of detecting iLLegi￿LiUcS, iiirllldii)g fiAud 1% de12iled beloiv.. Tn idenrifyitsg and A%se%siAg ii5ks of mater121 misstAteineni In Lespcct uf ir¥egulauties, including (Mud qlld nort- Cf)mplinnce ivith18IV% nd iegulAiion%, oui piucediites iiicliLaed thc Eollviving.. enquiries of mAnagcinriit ii)cludit]g a pte kiidii tnteiifig. obtaitung and rLvieNving supportitlE dacuiLentAtiort (Jf policses ci)IiccrniiJx Ilic IRIv& IiAd regulaiiviis api?licable ti) tlie cl)21'itAblt coinpany'5 biisiaebs: uiidtt&tALidiiig liow tlie cltsLii#ble cg)mp8n)r coinpliLb ivi¢I) Its Eeyl*tory fLaJncivotk by inaking cnquiiJL'% fjf C()A5idLLitJ¥ the cultute iiiljerent sn rhe chAritAble cuihpany and ivlietlier tkns iepicscnt¥ a ciiliure of hLTriiesty i)J el1￿C21 beliaiTlOilt ivitli 1 5troiig ￿nphi￿1S oji dclectiuii ￿ttd prcvejition of EIRlId. li REPORT OF THE INDEPENDENT AUDITOR- continued TO THE MEMBERS OF GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED Ive assesstd tlie suscepubll.ily of tlie chxiilable cotnpani % fLnaJicial stxtcmcnts to mis$rat¢nient RAd ctsijsidcred hoiv fiaud might QCCUL. Ti)e audit ptocedures perEomitd kiicluded, but ive£e rtot iimit¢d to.. chRUenging moAagethttIit 3ssulnpt￿lIS 2nd estiJnatCb' idenufying ajid testing uAu5uRI jouixial erltries.. SSCS3ing liow the LelevAiit Igivs and Legu12lltriis have beeji comphed irritli Iitjilljg 011y instArtce8 f)f non Compha￿ce. IEvieiving tl)e f5llii nctal st2temeAt% coinpb"giice ivitli the ielevaiit Accounting Sr3t)ditds Alld RCCOUnting It￿sI￿tion applicable to eliArErable coinpAriy: t()A8iderii)& lioiv those cl)aL¥ed ivjih g¢)vernan¢e IIAve adLILessed tlie possibi]ity of ii) overllde oif essentiil contro15 OL Othel snfliience ovei tlie fiiiai)ci&l iewriitlg l)Locesses. ITh addktiuji, Ive al%0 considered othcl iioji Fthancial Ixivs relevant to the cl)31Ltable cuinpaJ)y. 'Il)e5e do Atst nctr8¥ara}' haiie n direci uiflu¢nc¢ vil the flli#ncial statcmetits hut n]iEht affeci Ilie chatit2ble coinp8nls abdity to opciate. fuLrliei desctiptic>nof oiTi r¢%i)ollsibi)itJeg foi tlic Audit of tlie f￿aliCial siat¢inentS Js locatcd OTh tl)e F4inaiicial Repotting Cvuncd's ivebsite at iwviv.ftc.org.uklAuditOf8tespoIisibdities. Tl)is descriptioo Fgllllg PRIt E)F OUL Repoil Cbf the IndL'peJident Audktor. Use of out teport I'his iepoil XS tni1ae 501cly to tlie chAiiiible company'5 membeib, Is a body, in Accord*iice iviili C'hAPteL 3 of PALt 16 oif the Coinpajues ilct 2036. OUL aiidii ivork h85 been usidvr11& ken so tliat we miglii slate to the cliAritable company s IneiYJbers Ilio8e inatters we ALE ELquiird to %tAtc tu them ￿ A Report nl rhe Indepcjident iludilai and fc>r nii otliei pU￿o$c. 'lo tlie fidle9t exttnt periDiiicd by ]aiv, Ive do not Actept (>1 a98uine resporLsibility 10 firly01￿ ot1￿1 thHI) tlic cIIAf£table eompxny and the chaLllable coinpiinST s n￿l￿berS as a b¢xly, (QIL audAt Kvork. fot thi4 iepori, OL lol the upinions ive hAve foimed. ROGER DOWNES FCA (S¢tiior StaThitory Audito*) B KPLLS AUDIT LIMITED Ch*rteted Cettified Accoiiniants and StatutoryAuditor 6 Manor Patk Business Cenire Mackenzie Way CheltEnha Gloucestetslix 12 GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED CONSOLIDATED STATEMENf OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 To¢31 Futkds 2025 Tot*] Fiiiids RestriLtedUntesiticted Funds Fund$ 2024 INCOME FROM DoiiAtiOA5 ajid IL'WA¢xes Inole 291 Otlier tlathng 2Ctiwties It]ote 2bl liivostineJiE Jncome (note 2cl 76.728 558,713 23,609 172,113 635,441 823,609 172,11.3 673,872 781J,847 143,41C) 76,728 1,554.435 6,576.684 295,250 I,C)31,163 6,57(i.C)84 295.250 1.607,135 6,328,4"1 255,451 Inco)tne fiom Cl)aiit2ble J¥ctivities {noie 3) Othei ijicume {note 4) Toial 76,728 8,426,3C)9 8.50.3,097 8.191,064 EXPENDITURE ON RAising fui)ds (note 5) Cli8tt18ble acuiotses 687,1fi8 7.603,1)( 4 687,'158 7,705,339 679,504 7,16U,952 102,145 Toial 102,14.5 8,290.352 8J92,497 7,840.456 NET INCOME/(EXPBNDITURE) BEFORE TRANSFERS Tr3118feLS bcttvcen Eunds lijote 21) 125.417) 136.017 110,6(N) 350,608 NET MOVEMENT OF FUNDS INYEAR RECONCILIATION OF FUNDS Bal8tLte brought fonyard ai l Aptil 2024 {25,4171 136,017 110,600 350,608 .58C),107 2,436,4C)3 3.025,% 7Q 2,674.962 Balance cattied fonY*td at 31 Match 2025 563.690 2,572,480 3,1.IC?.170 3,02.5,570 Aiialy8¥s of (unds (note 21).. Uiiiestllcred byeiielxl fisndq Desi￿)￿ted flind5 Re%iLicied capiral fiinds IlcsrLicied iiicome Fujids 522,48CI 2,050,000 477.427 86,263 386,463 2.050,000 501,663 87,444 3.136.17CI 3,02S,570 13 GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED CHARITY STATBMENT OF FINANCLAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 Total Fund5 202S Tot*1 Funds 2024 RestTi¢ied Untestricled Futtd6 Funds INCOME FROM D(iiJit uons Itgacits (note 2a) liivesttnent iAcame lijote 2dl 76,728 558.713 489.145 635,441 489,145 C)73.872 427,906 76,728 1,047,858 6,576,(184 1.124,586 6.576,()84 1,101,778 6,328,478 liicome fi'om Cliaiitable ilEtivitie8 (iiote 31 Utlici iiicome Total 76,728 7,624,542 7,701.270 7,430,256 EXI>ENDITURE ON RiisiAg funds llloie 5) Cliariiable activities IAI)te 61 102,145 7.488,5 7,590.C)70 7,079,612 Tot&l 102,145 7,488,S2.5 7,590,670 7,U79,612 NET INCOME/25,570 2,()74 1)26 Balance cartied forward at 31 Matrch 2025 563,690 2,572,480 3,130,170 3,U25,570 iatysis of futLds: UuL¢%tJxctcd %ertttLtsI fiiftds Desi￿?ted funds Restticted CAPltAI fund5 Rttsiricted inc()Inc funds 522,480 2,050,001) 477,427 86.263 386,4CI3 2.050,0 501,063 87,444 3,13().l70 3,02S,670 'Ibe triiPnF5 18 lo 33JoRiiJfv711 ofil)￿¢fIl1u￿￿￿I￿l￿Ie/il&llj 14 GLOUCEgfERSHIRE EVERYMAN THEATRE COMPANY LIMITED CONSOLIDATBD AND CHARITY STATEMENTS OF FINANCIAL POSITION AS AT 31 MARCH 2025 Group Chirity 2025 2024 2025 2024 FIXED ASSETS Taiigil)le a%%tts Inofe 12) Inirestittents IAI)te 13) 1,665,061 1,36.3,759 1,6(16,45C> 1,327,782 1,665,061 1,-16.1,7.fjt) 1,606,4(10 1.327,786 CURRENT ASSETS Stocks Debtors (note 14) Cash Al bank aild in liand 10,308 719,929 4.+10,700 18.C788 809,183 4,666,780 5411,937 4,378,4_fj0 681,1.31 4,576,214 5,170,9.37 5,494,651 4,919,387 5,2S7,345 CURRENT LIABILITIES Cteobiois.. Ainouilt% Eiilliiig due iviihiii one year li)oit 151 3,448,681 3,484,-51)2 3.138.-%.10 3,212 ?23 NET CURRENT ASSETS 1,722,2_5C? 2,009,149 1,780,8S7 2,045.122 LIABJLYfiES CreditotS.' Amouiiis fAlling duc RfteL tnore ihaTh on¢ ycai (note 161 251,147 347.358 251,147 347,338 NET AssEfs (notr 17) 3,136,170 3,025,570 3.13C).170 3,029,570 FUNDS OF THE CHARITY (note 21) Re%iticted funds Capitr&il lunds Orlier resttiLted lunds 477,427 501,663 87,444 477,427 86.263 501,663 87,444 Total restticted hJnd5 503,6(JO 589,107 -4(13.690 $89,107 Ujjiestiicted ixicomt futtds-. C7eiie¢al Desi£ntsied fuiids 522,4811 2,050,000 386,463 2,U.50,000 522,480 386,463 2,050,11011 TOTAL CHARITY FUNDS 3,136,170 -4,112S.570 3,116,170 3,02S,570 Approved l)y tli siees 011 27 OLtok'r 2025 Trnsiee Tm8tee G Milrter For aud on behalf of the ttL¥Stee6 Ili¢ ￿11$ 7J lo J5forNifvi/ ofFth&ing co1￿￿rn is the poteijiinuy d¢tLSmental Lffect customei dcinand the cilrreni econrjiiiic uiiceLtaiiity and inflxbonaLy I)ressUL￿5. The tLUStec¥ h*ve consLdeLed tlie stnpact of t￿.5 on tl)e Tl)eatrt's c￿tLe1}t aiid fiitlire 15iiaiiuRI positlall. at 31 LI,1ILcl¥ 2025, IhL Theatie holds unr¢strictcd general LE5¥tves ol £fj22,480, desi￿￿￿￿tEa LCSCnTrs tliat caJJ be dLAiVii doivn, if nccesb8ry. ol £2,050,000, and Ri*J]2blc cash bAlince of £,? 473,834. Tlie Nl?0 8£311t frtrin Arts C(>ui)cd Englaiid Iii& s bec exr¢t)dod to.4piil 2027 AThd t1￿ Tl)¢21tr l)*q a8ieeineni iiiirh Cl)eltenliTrni Bolougli Council £oL tlie yeai 202.5126. Il detailed pLDjcctivi) h*$ beeji mAde thi% supports the vI￿V 0£ the ttvstecs thAt tlie TheAut h28 sufficient unre%tL.￿ted re5eLTrres knd cash floiv 10 coiitiiiue as R Xolrtg conceLJ) fuL a PCLiod of xt le?qt 12 Jii()iitlis ELOtn the date cl￿ IV￿"Ch ihetse finiiicial Statem￿tt¥ Are iipproved. Pc>L tl]is itHsoJi, tlie FmaIicl￿) statenieiits l)ave becn ptepaied a going cc>n¢eKn b%£is. (b) Basis of Ac¢ounting Thc finfiAcial stRtemettis h8ve beet) PLepiicd iii accriLdilrtce Accoui)tii)g nnd IlepoLUn£ b}, Clialliies.. StRtanei)t tsE Recnmtnended P1￿CtiCe HpplicHblr to cl)atttie5 prepAElI)g tlieii. ACCOUI)t8 IA aCCOLdl& lice Kvitli The ￿￿1￿cJaI Reporting %iaiidRtd iipplicablc Jn tile UK Kcpublic of lLclatid IFRS1021 (eflective I J2nui¥, 20151 {C.h1titics SORP IFRS111211, tlie Ftijaiicijl IlcpoillJ)¥ Siandaid appljcii blc iti the UK *iid Repubhc of Iit]HIid IFR4102) And the CompaThies Aci 2006. C.louccsteL7hiLt Foveiirm?ti'llieAtLe Coinpany Lunxted meets tl)c defijiititsii oEi public benefit entiry Utjdei FR5102. A154cls atdlsabslities Ate ii)iiially rttcowi%ed 8tlii&toJicJl cost or rrAnsActiuThvaluc unlc55 Oth¢iivisc stxted iti tlie EelevAnt 3CCOUnting policy i)ote{sl. {c) Gtoup Financial Statemettts Tlié financial s(%tcineiits consolidate the LEsiilt& of rlie chqllty and its Iliree subsidiAry compansts, Gloucrsierbhiie Llverymaji TheaiLQ C.atenn¥ CDtiipAn}, LiinLtLd, Tlle C.InucesteL¥l￿Ie Everyiiixji Til￿t[C Productions CompAny Idimited ana Gloucesteishitc Eirerymill.fi￿%tre TuuT%ng Cotnpxny l.rd. OA a ]ine- by-lii)e b1SiS. (dl Income DonatioTh$> leg*cie8 and grants Doiiations, ￿Et$ aiid legacies ieptesent 14 mouiirs teceived dutyÈ¥ the }rLXK, I￿￿tIler ivitli ny a5socialeLI t#x LLEui)d. Donation it)d Legicy incoine is shoivji glos5 befoTe dtductiuii Df Eiind-raiblJl¥ expcndituie. I£g2cieg 2te reco￿]Sed iv1￿11 ii is piobiiblc that thLy ivsll bc irccivgd Riid t1￿ amount ol the legAg' i knoivt] ivith Leas￿11￿ble certainly. (Jronl Giantb receivable EOL specific purposcs ?1 ie CLediLed to tIiL Siateiiiellt tif F'ijiaiiciil Ilcllviues ii) lh¢ ycai to Iv1￿cl) they telate as soon as coiidLUons f(JL LlCL'iPt hjve bccn met. GLants IOL itnmcthote (In￿licIal 5UPPOft 01 Lrceived aSAinst costs i)rLVi(Jiisly iiiciiired aLE recngjllsed iinmeth-alLly ii) the StaECnlCJlt oEFirtincial Activ£ties. 11 capital giajits teceived ALe Lec0￿1£%￿a iji djc Stxtet7)eiit of L,itiaJicial,IcuvitJes ?tid CLYdiied lo H ¥rparii¢e re$ltictcd fund. .kiiir deprecation chALELd oji Il)e elemejit OE tlie co%1 assets fwided by giHnt% ¢11iLged tts LLSt¥icted fil￿d￿. Othet ttading activxties Incrjmc ILX)Ln other trading #cuviucs rcpreseiits tlie ainoui]ts, excludii¥ #dded tax, iecLivable durii)g Ihc yrat loi gnrJd8 ind sLivices bupplityd. ReVe￿￿e 18 ittc(>gni8ed At tliL P()inr olpiuduci conS￿￿p11(Ml ind Service dehve￿. 18- GLOUCEsfERSHIRE EVERYMAN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS - cotttinued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued {d) Income (continiied} iii) Chotitable activities PLoduction ￿ve]Ille is JncludL.d JJI tlie Sttitcmcjit of FIsJ1351CSAI ilctiipiiies ivhcii the public pe¥Eo¥tnAnce ul pioduction 1$ complete. Advance rcvcjiur IS Iticluded iii ACCLuals aiid deftried incuiije. licveiiiiL Atising Erom (he Lducfiuon and Coinmuiiity, PLfJgrAiiinie ss included iii the stat￿￿¥ThI ol [IinAllciAI klctivitie5 in tho ￿rIOd wlien the actiirytirb jie coinpleled. iv Interest Intexest is rtcogjiised ift t]￿ perÈod to ivhicli ir IdAtes. Donated Services and Facilities WlieLt goods OL seLVlCCS that ivould i)OLf18lly be pulc1￿5Cd ILOIIJ biipplÈeL'8 2Le provided to rhe chaiity as don#uoi), contLibutiOii is iAcliided ￿ tlie Statement olYs1)xncial ActiJ4ties At on cstim8te bascd upon rlie value OE ti)e contLibiitii)i) tn the chayity. ifj Expendirure pertdiwre is reco£ni%cd ivhcn a liiL)airy is incuLied, Cn5ts oEtaiging lunds ate those co$ts inciirred in attLaCtingvoliiniary income lind tlitrse incii¥Lcd iti tKading acttwties that 18ise Eui)d5. CliaiitAble aciiNrytie8 include txi)eidituir asstsciJied ivith the Sti￿]￿ oEptodLlCtIOJ)S Aiid tlie Lducarion aiid Cummuniry pioyanune aiid iiiclude both tlie alL￿Cl COEts aiid $iiPPOLt C05t5 Lel*tLI)g io Ihe5¢ 3ctilTitsL5. Suppoit costs ]ncludL centrAI futictic>As and IIRYe bcen 2lli)cAted to Acuvity cost CAtegories on x bAsi5 consi¥leiit iviih tlie use uf Le.s(iiiicc8, c.g. allocit￿g PLopeity c¢>sis by floo¥ aLeRS or peL CAPlta, staff crJ$ts by the Lime spent and othcl cost¥ by th¢ii usage. I'h¢ cos1% r)f a ptoductsoii ale ch2Lgyed Aq cxpeIiditute Ln the StAtemei)l ¢)f fLI)ancial ilctiiryti¢s xvlieii tlie pubhc PVLlorinaiic2 of a piudiiciioii is coinplete. Co¥t5 trE fuiuro production% aLE cariyed fotivatd as otlier debturs. 'lThe costs as$oci#ted ivith rhe FAlucation ("oMtnU￿ry PLogThirnnc air cliar￿d AS expendituie Jn Ilie Statcment olFAn%ncial Activities iji Il)e perjod when the activities xic completea. (g) Ta%ation -nie chRrity benr.lits fi'niii 12teS Le]ic£aiid 1% cxcinpt Erutii c()iporxiiuii tix nn 113 cl)*titable aciiwtie%. It not. huiveireL, extinpt froin IIA"I' iiiccoverAble V£l'l' LS 11)clu(l¢d in the Cubt ol tl)ese itein% t() ivliicl) it Lelatcs. (h) Operating Lease5 'rhe Cubt of 11 nd mc¢JJne froin 01)eLxuiig Ic?8es Iiave been cliiL¥ed to thc StRteJn¢Jit of F-,InAnci11 l Acrirrities OII A StAMight-lÈntt bASi4 oi>e¥ tlie leti¥e ieLIn. 19 GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMfrED NOTES TO THE FINANCIAL STATEMENTS- contEttu¢d FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- continued T3ngible Fixed AB6et5 Dcp£eciaiion is calcidared tu ivrite uff the cost or val￿￿0￿ less estsinated rc5idual vfilue of tall￿ble A£4ets ovel thcll ¢stimated uscful live$ xi Il)e fijlloxvllig rates.. Plant ond cqliiii￿cs1[ JA,lotur vchides -40/0-33 /fi ¥tr11ght ]iiie 334)/o Sttaight liiie SIIoLt leAseh(Ild p¥operty itnyroveii]¢iits Hre d¥pLe£inted ovet WAryiJig teritts i)ot lrt cosi¥ (not¢ 7) BRt Aiid cllteldiig 687,158 679.504 087,158 679.504 lThe2rrL'_ suP￿￿t costs liiote 7) 22 GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED NOTES TO THE FINANCJAL STATEMENTS - continised FOR THE YEAR ENDED 31 MARCH 2025 EXPENDrruRE ON CHARITABLE ACTIVITIES - CHARITY Tlie chaiiry uiideitake8 diLYct cli1& IltAI)l£ >ctiviues only. Cottcctts Ediicatioii And Stage Coiknmiinary Petfoimattces Pttsgt*mmL 2025 Total 2024 Total Direct PLoduciiun co%ts Backstage and uil)er ptodlicuon cosis l)roducuoii/Aciivity aLlvertisin£ and matketiii% Box officc 21Id fiojit of house Deplrciauoiilloss on dispu*al of Assets C¢iilLiI pLeLnises costs Supputl costs (ntste 71 4,467,580 612,079 427.220 272,237 110,802 418,190 832,509 4,581,902 612,07() 427,220 272,237 133.4C)6 503,843 1,0.4<),BCJ3 4,345,419 541,-523 427,026 239,717 128,41)2 388,717 1,008.718 22,694 85,653 227.384 7,140,617 450,053 7.590,670 7,079,612 'rhe equipment irt the frant olhouse lift IVRS ob%r)lete and it hAd bccotne llicreasinRly difficult tu ¥ouire sp2ies. To ertsiiie cu5tomei safery, a ct)l￿pIetC oirciliaul been plAnned duiiJi¥ 2025126 ivitli a Iii))I pl)05e duLIIIK 2026127, follt)iwng advice frorn ali indLpefjdei)I blt cnnsu]tAnt. Tlie cost L% C5titllRted xt £IIIO,000 And Il)ig c(Jst h25 beeii accrued iii 2024/2S due tu its sigi)Ific.#nt size qna the obkngitioii undtj.. oui buddiiig leASe to rei)aiL Ot replacc the hft. ALLOCATION OF SUPPORT COSTS - CHARITY The cliarity AllocAle% its supputt costb 17$ %hoivn iii tlie table beloiv And rheii fui'ili¢t gpi)oitions the cost8 beThveen the tivo charitablc actiirytiLS undett8kcn (see siote 81. Support cosis ale 111ocoted on a b3bls coi1sisle￿t Kvith Ilie Usc of trs()uLrcs. Theatte Opei'aiioji lirtt EdiiLatiotx) Support costs GeJ)eiAI office Fiiiance office Iiifoiiiiation tecliiiL)logy Fund*aAsiiig LixteLsial audit IEgal and othci profeb&lOAl&il Eecs 686,500 171,540 51),064 8,270 112.088 1,0$9.8()3 ANALYSIS OF NET COST OF CHARITABLE ACTIVITIES - CHARITY This ttsble %liow% the cust of tliL' hvo in2iJi chaLXtgblc actÈvitiL¥ Hiia t1￿ %ources uf revenue th"tectly to .8iipi)ort tho%¢ acuvities. Conceits Ediitation & and StAge Coiniiiunity Perfotmances ProgAAinme 2025 Total 2024 Total Costs .Idtnib'8iOtJ cl)Arges 7,140,617 C).425,681 450.053 7,59(1,670 6.57C).C)84 7,079,612 6,328.478 Net cost funded ficiin othLt income 714,936 29<),050 I,(J13 lJ86 7.51,134 23 GLOUCESTERSHJRE EVERYMAN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ANALYSIS OF STAFF COSTS 2025 2024 S%lxries )Jid ivages Social SCCUlkty ctssis Pe115ion cost% 2,702,3D8 11)4,923 89.076 2.4()C).750 167,041 83,313 2.98C),307 2,717,105 Tl)e*e iveLe two einployees12024.. 2 einployecsl whose einolujnents fr)i Iht yeiL were ui iYCLSS ol£1g),(YX). 'rhe tiu2nbeL (>f stAfltmployed by the gtoiip dtsL￿g tlie IrLai IVAS as follows.. 2025 Nuinbet Toial 2024 Numbet Total Full-time Part-time C0511al BaL and c0rerÈti¥ CLlllCtrts 3tAgL perfottnallce (House 8tHEg ?ducition *tth CommuAit}, Pin￿￿1￿1￿¢ FundiMIs 34 40 36 15 26 103 io 144 16 136 14 23 31 125 201 1117 io. MOVEMENT IN TOTAL FUNDS FOR THE YEAR Tl]is is %tRted Alter clLirpg/lci'editing] the fvlloiving.. 2025 2024 Audit(Ir's reinutteThtiE>ii Pen%ion coniLibuuon8 Depicei?uoi) of tgjiyble fLYed assets ierk Projecis I'und ivill help to A]Jid ptojects aiia thc Iiyoduction pliiy¥ ivliicli CnCOULY lucol people ICJ CtIKii¥e ivith die Arts, I'he In-liouse Pt(JductiL)iis ?nd'l'oiits fiind iv?s c￿eated to suppox'i our iA-liou8e And co-prodiictioii iyork. due to tlie iiil)eient firtanciAI Lisk ￿vOlv￿d in sucli ptujects. RESTRICTED CAPITAL FUND GtOlLP & Chortsty 2025 2024 Bxlfince b￿￿81]1 foThvatd Depiccieiion Cli￿rgC rely￿1 liicd bAlaftee, fiansfeKttd in yeor from IJicoii)e E'und GK8nt ILCCiI?t 501.C)63 535,899 (34,23()} 10,000 (34236) 477,427 501.6()3 31 GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS- tonttnued FOR THEYEAR ENDED 31MARCH 2025 CAPITAL COMMITMENrs 2025 2024 CapslAI cummiiiknent% 2CJ.356 26. OTHER FINANCIAL COMMITMENTS 2025 2024 nnual coininiiineiiib under nDn-cat]cellAble OP¢LOting lea5es'. laiid buildings cxpilliig in tsveL fJve 5reAL 72,750 72,750 Cuininilmcnts of £157,(￿OI2024.. £nil) riisied •l tli¢ balajice sl)eet date, telquiig to guRLRnteed future PAyments agrecd ivjtli rravelljns 5how% ptiot 10 the yeaL ￿ld. fur peiforjnances 8(ier the )TCAL ettd. 27. CONTINGENT LLABILETIES "rJ)e ch*iLty IIAS eiiteLrd into a Icgal chai'ge ivith tlie N3titsnal Hetitag￿e hJIemDrial l-ujid ivitl) IC￿ld to Il)e gLXSIt veil by the P"und iii conn¢ctioJi Ivitli thc'I'hL'atte'q tl)OjOI LefurbLs1]meiit, RELATED PARTY TRANSACTIONS During tlie yeal, £96.59012024'. £73,827) of PLDfit8 KvrK¢ paid up to the llielltre froin itb Iroding subsidsoL},,'fhe Gloucestershiti. F.veryman'fhe2tre C2tellng Cojnpxny J.¢d Itlie CAtu'inx comi)anyl. ChirEC8 of £230,93112024.. £318,208) weLe 17)ade to t1￿ CatCLing cvn)pirty IOL tlie PIL)￿$1￿11 of rent, utilities nAd oth¥t expct)ditULe SiiCULicd ort rhÈ subsidjaiy's bel)Alf. C￿&t5 of £69,07212Q124.. £57.9941 ￿(i￿rLd ijii behalf OE the pAret)t cOmpa￿Y by Ilie Citeiing compfiny Nvclc rccliaigcd In tlie TheAtre. Ill tht 17el1 r end, L52,43312024.' £-16.071) Iva% due lioiii the LRtcllng cvmp£iny. Duiing t1￿ yefiL. £180.581 of p￿firS ivere paid lip iu thL. I'lwitie fioin its tLAding 5ubsidiaLry,'llJe Glvucesteysliire LveLyJnan TheAtie l)tr)ducuviis Company Ltd (the l)LY)ductlUilS conii)Hiii'l {2024'. £174.1471. 'I'lie Th¢alie LethiLged costts of £273,79.3 {2024.. £265,7C)_Sl to the PLoduction¥ CE)Inp#ny thRt liad bcen iiiciiried oil the %ulJsidi2ry's belialf. Tlic'lleatte ieceiiied cliar￿5 Df £940,10612024.' £874,98()I fLum fhc Producti(IAs cump2115' IL) Aesi)ect af pioductiOiJS JnAde oil tlie 1'heAtIC'5 bclJalF. Ilt yeAL end, £30,-44412024., £181,263 oived by) w3S oived to tile l)iuductioi)q compAt]y. During t1￿ ye21 Gloucestetbhire F..veLymaJi T'heAtLe C.xteAing Coinpany Ltd sold to the v#luc £CAI 12024.. £121 to Thc CyloucebteislllLC Llveryinart I'heafte PLoaiiciioiis C.oinpaiJ}, l.td, oti ai) arm's lengili b/sis. DutiIig tlie yexi thc 'l&eatre ivroie bxdi £1,057 12024.. £84,6.59 IVLltten doivii) oivtd by its tr2dll% sub%idiA4' Q-.louce%t¢LsliiiL LveLymin'Ithe41tre Tuiiiing CoinpiiJy I.td, bolAntt ttt yL*r end oived tts the'fhcRiiL by Ilie'l'rJUfitl8 of £6,41712024". £62,888). J Blackbuin, Ltust¢e OE the 'l'liextre, is Il)e I.IeAd OF lundi?isiiix Ht Ixlellchild, Kvho pnid £1,008 ￿clud￿liA V.4'1' tci ihe 1'1ieii tre's Ciiteiing 4iibsidS&l15, for 11 functioii airiAgcd vn Ai) xJy)1s' leiigth bfisis. J IVoTkiiian. a trustee of tlie'lThe.Atti. J5 a PaLlncL IJI BPF. Srjlicitois, who PULchased tickets ana ct)lertiiiiinent package sold to him Jn ii n leAgili biblb to the vilue c)E£120 iJiclu¢ling IIA'I. {20?4.' pi()vided le￿[ na￿c￿ 10 the ThLl1 tre to rhe valu¢ of Ll,848 iIicludts¥ VAT ond piid si)onsL)tsliip JncoTre 0£ £l,R411 incliidinglTII1" tfj tlie I'licxtrel. RefJ'e51]meThts of £62.4 includiiig VJl'f 12024.. £".51.S JJicludiiiK ITJl'I) Ivere iiiiTojILa t() BPL by the 'I'lieatre'b Cii leLing sub3k(liit Ly. 32 GLOUCESTERSHIRE EVERYMAN THEATRE COMPANY LEMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 RELATED PARTY TRANSACTIONS- continued G Ivoodcock. a tiu¥t¢e OF the Theiiie, is the cliaiL oItLUStces fui the boldier4 of Gluuc¢%tersl)iie Luubeiim. Ivh piircliastrd refieshnitJJls rJF£320 including ITtsll' ftom Ihe'LheAtIL'S Cai1reritTrg subsidi#fy An qrmb, lengtlL bass.4. P Blackburii, the ivife of J BIAckbuiii. Ivho 2 triistL'e of tl)t Theatyc, PfOlTided secLttt?riil scliryces lo the'llicii r¥¢ during the yeaL invoiced £2?512024.' £1 SD) 011 *ttns' let)£ili bASI%. C T])otnAS, A Irust¢¢ of the Theit¥C. Was fEllnbur%ed £713 of expen5e% kncutted On beli2lf Of th¢ Theatil. Thetc Iveie ni) att]OL1111S nutstanding to OL froitt tlit The8tie at tlle year end (2024.. £42 oived to the I'he2ticl. l Golicl￿L, cliiel ¢Kecuiive of thc Thei1tL'e. ts al%0 tl)e directoi offvlxtk Goucl)eL I)¥r)du¢tian5 Limsted TrIC"PLI. N,larkettiig seL￿ceS uf £1,700 plus Vjll. Ivere invoiced to that company by tl)e'll)eatre12024.' c()StS InCULLrd (>f £321 plus I'IIT, trfieslunents uF£744 pl￿% V,I'r iYL*e invoiced tfi Ihat conii?any by the CAteLing subsidiaL)' 12024.. £J75 plus ITAD. fvIC.I)L did not11oVe llly tLTrnb#Ctions with tlle l)Lt)ductinJiS bubsidiaL)' {2024.. h,IC.PL Iv2S resjnbiiiscd cxptns¢s of £147 plus ITAT aiid ivas pAid £32,209 plus I1tsI1- foi se￿Ice$ pruwded OA ail arnis. leiib>rli [JU￿ng the yeai, b,IGPI. iAvoiced the I￿e￿Ire £147 plus IIA'I. ofexpeiises iACUlLLd on its behAlf ai)d £5..500 plu% V.IT fo£ %eThryces proirydcd rJJi A1) 8LlnS' length ba%i¥12024.. £niil, Ai rli¢ ITeai ciid, £1,448 oive(I by tlie1'heitte to NICJPL12024.. £iiiLI. I CTouchet Ib also a director of TFhfj On StAgL Ltd (YFkg. DuLing the yeAI,'I'III,I rep3id the f￿Al J-S,0(X> uf the £150,000 Ihe TlieAtse invr3teJ ivfiili tIIis Cf)mp31Jy in 2024, tu Ca-PLI)duce # narivrLal tc>ut of'l'he Full fvluIity. TFfvI Also p3ia the'lliriltKe £0.940 plu% VAT. In royiltie&12024.. £22,583 plu¥ 11.{'l), LLttirn oil ijJirL5tinent of £137.98512024', £nil). 1.hete ivctL no oilici tian¥xcuons iwtli'fi=h,l ii) riic yeai l?024.. 1Tih,l itjvoiccd £163,011 plus ITA"r bI￿gIng the pioducijon r)f 'l'lxe Full hJIonty io tlie The?tie un an *Lms' leAgili bA%l£.'I'lie I'l)e2tr cliaiEed £"36.E84 plus X,. AT Iv TEilyl fur te¢l￿￿Cal 8iid inatketiiig seLTrTice5 1)Lovided OA 3n *m]s' length b*bAS. JI Goucl)eL is 14 Iso a ditect(J¥ of shirk On StAgr I,Id ISOS). £,57,554 ITAT ivas invoiced by SOS for a producti4n of Slirek tlie Nliisic31, biouglit t(} Ilic IlicatLf. all Jl'tns, Iciigtli bxsi812024.. £113,5.54 plus IIAI, And1.'24,582 plu8 IIATiir#S ChaL￿d to diat coinpany by tlic'lhexlre foi t¥cl)Iiic01 and 11714 Ikeusig.8CLITices prnvideJ alln.4' lexigth bA%is). fvl Goucl)tL Js xlso a diLECtox of c.akes ort %t3xe l.ld ICOSI. DuLin% thc year, COS AniTosced lh¢ I)Ei)duction4 Bubsidiary £32,074 plu8 V£lT for setvices ptovided OA Rna rms, len&tli bxsiy12024.. £1]il), M Gourlier i5 diiectui. of FlaiLspiay UK ToLir Ltd IHU'I). Duiiiig tl)e yeAr, tlie ThcAtLL %iivested £7.5,000 vitli tllls cojnpany tu co-pioduce ? natioiial Ifjur of HniLSPt%y. -Ike tHpitxl iviib ietulncd in Eijl diiting the ycki aAd R teturn on iftvestmetit OE £15,625 ivis receivcd. HU'I. Inirviced £14%,421 pliis V,IT biytiging tlie ptoduction OE H21LSPrny tn tlie Tl)e11Le oll An arinb IcIi8th Tlie TlicAtre chfiyd £20,361 plus IIJIT t FIUT For iecliijical aod marketing sen7Jce% i)tovided oli An ittns, length bAsi8. 33