Rggistered number: 00355871
Charity numbèr: 234993
MADDERMARKET THEATRE TRUST LIMITED (THE)
(A company limited by guarantee
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

MADDERMARKET THEATRE TRUST LIMITED (THEI
{A ￿MpanY limited by guaranteg)
CONTENTS
Page
Refefence and administrative details of the Company. its Tru8to0s and advisors
Tru$teas' report
Independent examinerfs report
9-10
Statement of financial activities
11
Balance sheet
12-13
Statement of cash flo
14
Notes to the financial statements
15-31

mADDERMAR1￿ THEATRE TRUST LIMITED ITHEI
(A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 PAARCH 2024
Trustees
Lesley Batts (resigned 2 April 2023)
Sue Bergin (re￿gned 2 April 2023)
Dawn M Brindle lapwTrinled 2 April 20231
Caroline A Churchill Ireygned 2 April 20231
John Dixon, Chair larwnled 2 April 20231
Anthony FUl￿￿)0d
Greg¢xy Hayman laptK)inted 1 April 2024. reygned 2 April 20231
lan R Henson Iresgned 2 April 20231
Laura Landamore (resigned 2 April 2023}
Dr Christine M Lloyd Ireygr*d 2 April 20231
Joanne E Myers {resigned 2 April 20231
Thomas D Porteous lapwinled 2 April 2023}
Phillip Ros%E laptM)inled 31 March 20241
Stephen W Scase lapKX)inted 2 April 20231
Paul Slimpson {apFL)inted 2 April 2023. resigned 26 June 2023}
Nicholas Wright Ireygned 2 ￿)[11 20231
Company registered
number
00355871
Charlty reglstered
number
234993
R¢gistered office
The Maddemiarket Theatre
St John's Alley
NO￿lCh
NR2 1DR
Accountants
Larking Gowen LLP
Chartered Accountanls
1 st Floor, Pro$￿Cl House
Rouen Road
Nc¥wi¢h
NR1 1RE
Page 1

MADDERMARKET THEATRE TRUST LMITED ITHE)
IA ¢ompany limited by guarantw)
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together wth the finanual 4alements of the Company for the 1 April
2023 10 31 March 2024. The Annual report serves the putpK)ses of both a Trustees, ￿POrt and a directors, report
under company law. The Trustees confimi that the Amnual report and financial 5talemenls of the charitable
company comply wlh the current statutory requiremenls. Ihe requirements of the charitable company's
governing document and the provisions of the Sl8lemenl of Recomrnended practi￿ ISORPI applicable lo
charities preparing their accounts in accordan￿ with the Finan(ial ReFthing Stsndard applicable in the UK and
Republi¢ of Ireland IFRS102) leffeclive 1 January 2019). The comparative figures are for the 16 months ended
31 March 2023 and therefore the results are not gntirety comparable.
Since the Company qualifies as small under section 382 of the CLYnpanies Act 2rx)6, the Strategic report
required of medium and large companies under the Companies Act 20￿ (Strategic Report and Dire¢tors'
Report) Regulations 2013 has L￿n omitted.
Objectives and a¢tivitiOS
a. Pollcles and objectives
The 0￿.eCt$ of the Trust are the proviyon of activities that improve lives and ￿nnect communities through
creative arts, and for that Purpo￿ to do any of the followng as are necewry..
(al To provide an indusive, safe, and caring environmenl by ensuriro deep, lasting and respectful partnerships
th our community.,
Ibl To provide for the production of plays of Shakespeare. representative plays of other English dramalisls or
authors including modem plays. and translations of represenlalive plays of fofeign dramab"sls, ancient or
modern.,
Ic) To carry on a￿1 cOndL￿1 the Ma(klemiatket Theatre. Nwch. oi any other theat￿ in or near Norwch. as a
centre of education in the dramatic art. and for the erthuragemenl of public interest therein.
Idl To do all such other things as are in￿dents1 lo or necewry for the attainment of the said objective.
The Trustees have given due regard to Ihe Charity C(Ynmisgon's guidance on public benefit and in settling the
level of charges aTKI cOnCe￿onS the Trustees give careful consideialion to the acces5ibilily of the Theatre lo
as wide a community as possible. Concessions a￿ offered on individual lickels. Membership of the Company
is entirely free. allowing acting training and experience, and the OPFOrtunity to gain experien￿ fionl- of-house
and backstage", this is available lo anyone who wshes lo be involved. The Theatre is regularly let, al a
competitive rate, to a variety of local groups. primarily bul not excluwvely linked lo the Arts.
b. Strategles for achieving oblectivgs
The Vision and Mission Statements are as follows..
Vision Statement
Enriching Norfolk lives thr(yJgh live performance and partiupation.
Mission Ststgm9nt
Our charitable mission is to enrich our region and the lives of those living and working within it, by providing the
opportunity to expenence, participale in and be trained lowaids live perfomance. Our approach is lo engage by
prcducing, hosting and educating.
Page 2

mADDERmARK￿ THEATRE TRUST LIMITED ITHEI
IA company limited by guarantee)
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Oblectlves and activities {conlinu8d)
We aim to do this accessibly a￿1 innovakn"vety. Our driving ambition is to SsElcome all lo our theatre and lo
reach all through our work. To this end ￿ work both within and with our Eocal Community.
c. Premlse8
The Theatre was acquired as a gift from the late W Nugent mOr￿k in 1939. The main complex 15 a grade11
listed building. The main auditorium is based on a chapel and dales from 1794. An exlension was added in
1 ￿ including a bar, a fully aFwinled wardrobe atMI costume store and an extended foyer. almost doubling the
size of the building. The auditorium fulty iefurbi5hed in 2003 when new 5ea15 were installed Ihioughoul.
The bar was refurbished in 2014. Outbuilding5 indude a V*Drkshop and offi￿5 and small meeting rooms in an
adjacent cottage building. Thefe are paved coutyards al both the ncth and soulh ￿deS ol the building offering
access by means of steps or a ramp.
The property has been included in the financial statements at an eslimale of orvJinal co4 al the dale of receipt
of the gift covering land and buildings.
Achievements and perforniance
. Review of activities
The AGM on 02 April 2023 saw members elect new trustees and not ￿InStale co-opted Iruslees which
culminated in the resgnalion of the majority of previous trustees. the General Manager and all part-lime staff,
except one.
Finances being the prime concern. the new trusl*s ifflmedialety engaged an accountancy firm to ensure
diligence in the Mana￿ment of the Ihealre's finances and then Commen￿ ensuring that the theatre remained
viable. The Iruslees, focus was keeping the Ihealre or*ralional. *lressing legal and health & safely
requirements, resolving the financial po%lion, volunteer wuitrnenl and completing the workshop renovation
U￿ng allocated grant monies
With a ￿vISed business model. well-cKdered administrabon, astute prcoramming, disaplined finances and
dedicated volunteers this has been achieved," the theatre has thankfully returned to full operation. The trustees,
part lime staff and volunteers have all ￿gnIfIcan￿Y contributed lo ensuring the ongoing financial stability of the
organi￿tIon in fulfilling our charitable obJ"ectives.
The resident theatre company delivered 48 perf0mlan￿S of six different plays in meeting our charitable
objective to provide for the production of plays and. where required. providing education to support volunteer
roles. Alhough the theatre does not ￿rrentlY have a youth theatre there have been perfomiances from four
drfferenl external youth companies. in¢luding involvement in the resident company Christmas show. The
remainder of the progiamme was an eclectic mix.. from poetry. jazz. and recitals in the bar lo tribute bands,
light opera. magic, comedy, story-telling and presentations in Ihe auditorium.
Overall, the thealre oversaw 99 productions. accounting for more than 200 performances and selling in excess
of 28,000 seals. All this fai ex￿edIng expectalions from the poglion inherited from 31 March 2023.
Page 3

MADDERmARl￿T THEATRE TRUST LIMITED (THEI
(A company limited by guarantee)
TRUSTEES. REPORT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Financlal revlew
a. Going concèrn
After making appropriate enquiries, the Trustees have a rea$￿able expEclalion Ihat the cornpany has
adequate resources to continue in operational existen￿ for the foreseeable future. For this reason, they
continue to adopt the g)ing cDncÉm basis in preparing Ihe financial stslemenls. Further detsils regarding the
adoption of the going concern basis can be found in the a￿oUnting pjliues.
b. Financial review
Results for the peTlOd'.
A net surplus of £233,624 was made in the year {16 months to 31 March 2023.. £168,679 deficit}.
In the year to 31 March 2024 grants, stM)nsorship, legaaes and donations brought in £110,422116 months to 31
March 2023." £46,348> Total expenditure for the year was £531,033 {16 months to 31 March 2023". £713,160>,
included wlhin lotsl costs are outside show costs of £268.127116 momlhs lo 31 March 2023.. £269,765).
The year to 31 March 2024 was the secornl full post COMD peri￿1 of c4)eration and follows the significant
changes made in the prior period as noted in the gcmng concem review above.
c. Material investments policy
The investment policy is to invest a proportion of the trust's cash rese￿e$ that it considers lo be available
withoLJt depriving il of working capital over the medium temi, which is assessed as 3 to 5 years, in order to
maximise ils investment return and in particular its capital grO%￿_
Any such inve5trnent musi however allow prompt acce&8 to incL¥ne caiytal if required. il must nol be of
undue speculative risk and il must be judga lo be a safe h(wse for iTrvestment.
The over811 investment return musl be expected to exce&l the relevant rate of inflation, net of costs, and must
be paid gross of tax in reccyJnition of the trust's charita￿e status.
The Theatre is looking to move g)me investments lo achieve the ixl rates of interest available with
consideration given lo the legislated deposit guarantee levels.
d. Reserves policy
The reserves fund represen15 both unfestricled funds arising from past operating results and designated funds
sel aside by the trustees for future ptojects. Restricted fund5 are fuThJs received for a specjfic purpose and are
ulilisecl accordingly.
The trustees wognise that reseryes are required to be available lor repairs lo the Ihealre, and any sudden
drop in funding. The current reserve position is a surplus of £226,130, induding Teslricled funds of £105.600,
and the trustees are comfortable wth this postion.
Structure, govornance and management
Page 4

mADDERPAAR1￿ THEATRE TRUST LIMITED (THE)
{A company limitgd by guarnntso)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governanc¢ and management Icontinuedl
a. Constitution
The Maddemiarkel Theatre Trust Limited Wds established urKler the goveming document, the Memorandum
and Artides of Asswialion dated 5 August 1939. and subsequently amended by special resolutions 0130 Ma￿h
1955, 30 Novembe¥ 1997 and 30 March 2021. The charity is registered with the Charity Commission and
incorpofaled as a company limited by guarantee.
All the Trust's members are liable to contribute a sum not exceediThJ one pound eath, if required, in the event
of the Trust ￿Ing wound up.
b. Methods of appointment or 01g¢tion of Twstees
The lolal number of trustees shall be determined by the Injst al a general meeting but should not be less than
three. As sel out in the Memorandum and Articles of Assctiation the Iruslees shall have power al any time to
appoint any person as a Iruslee. either lo fill a casual vacancy or as an addition lo the existing Board of
Trustees. Any trustee so appointed shall hold Offi￿ only until the next following annual general meeting and
after th* shall ￿ eligible for redeth"on.
Trustees are recruited through open adverts'sing in the Iwal area. specifying desiied skills when gaps in the
existing Board are identified.
¢. Organisational structure and de¢ision-maklng policles
The Theatre is managed by the board of trustees. wpwted by volunteers and staff members as required.
The trustees are in regular contact and meet once a month to discuss activities. Any decisons are then
aclioned appropfialety.
d. Policies adopted for the induction and training of Trustees
Prospective Iruslees are invited to m*1 existing Iruslees and senior offi￿rS and to see first-hand the work
carried out al the theat￿. They are provided with relevant documents relating to the govemance of the charity
and the lalesl financial statements and management a￿o￿nIS. The infom)alion and advice available from the
Chaiily Commission is also made available to any prO$￿¢t1Ve trustee who does not have previous experience
of the duties and responsibilities placed on a Gharity Iru51ee.
e. Key management P¢f8onnel
There is no pay policy for key management ￿rsonnel. as from April 2023 no member of management is
salaried.
Page 5

mADDERMAR1￿ THEATRE TRUST LIMITED (THE)
(A company limited by guarantee}
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, gov•rnance and management (continued}
f. Rlsk management
The trustees have identified and considered the maj'or risks to vthith the twst is exposed. Systems have been
established as far as is practical arKI possble lo mitig*e those risks a￿1 the risk policies that have been
developed are ￿gUlarlY reviewexl and updated as circumstances require.
The major extemal risk to Ythich the Tfusl is exposed is:
Health & Safety - Regular health & safety reviews have been undertaken and all departments are lully aware
of the implications. Included in this is fire prevention. There is a risk register which is updated at least annually.
Procedures are in pla￿ lo ensu￿ compliance wth health and ￿fety of staff. volunteers and visitors. and
procedu￿$ are periodically reviewed to ensure their relevan￿ to the ne￿S of the theatre.
Internal financial controls are in place and are continually under review. Internal risks are considered carefully
by the trustees and minimised by a prctess of authorisalion of tran58¢tions and pr￿sses.
In the areas of governance. finarbcbal arHI Lx)mpliance risk the tnjstees have considered both the systems
controlling nsk and the senior staff vtho implement and Monit￿ the risk control systems. The Iruslees consider
that the risk systems in place u)mbined wlh the skills of those responsible for implementing the policies
minimise the exrK)sure lo risk as far as is practical and tKMble. lThJemnity Insuran￿ is paid on behalf of the
Iruslees.
Page 6

MADDERMARKET THEATRE TRUST LIMrrED ITHEI
(A company limitgd by guarantso)
TRUSTEES. REPORT (CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future periods
Our prime COn￿M was to keep the theatre oFen and all prc*luclions, inlemal and external. were adequately
resourced to run. Future trKiokings were (onfim)ed lo enable a ne￿ brochure to k developed and pr(￿oled by
our Marketing team al minimal cost.
A professional accountancy firm were immediately engaged to assisi in resolving the finanaal concems and by
Augiist we became self-sufficienl. The resignation of staff, except one, proved benefiual as the staff payroll
costs were effectively removed conlfibuting significanUy to reducing outgoings.
Our resident company has thrived,. we have deliveied 6 main house prcmyuctions including the Christmas show
which returned signrficantly more than the p￿VIouS year. Amost all the roles required in planning, prodkJ¢ing
arKI operating the perfomiances ￿tre undertaken by voiunlew5 and aside from prcKlu¢lion costs retumed 100%
of lickel sales lo the theatre.
External prcrfluclions required ￿rtain paid roles ￿1¢h were kept lo a minimum, offering 4hours of free
technical assisiance wlh the remainder being paid for by the visiting company." again reducing the oulgoings.
As new contracts were established all externals were also charged for PRS and box office administration
amounting lo 9% of lickel sales, which the theatre h*1 previousty picked up.
The fwus on bookings ￿ntrnUed beci)ming more selective. building relationships wth local groups and
promoters. and determining the ￿$t income sI￿aM$ for the Ihealre. Bookings are now being tsken
provisionally for 2025.
Concurrently, we have mel with the ￿lCe, I1￿￿ng authority, environmental health l¥thich includes health &
safety) and fire safely officer to ensure all legal obligatsons and best pr&tice are fuKilled.
Our volunteer base has steadily grown through self-prrMnotion and volunteer organisations. The volunteers are
critical to the success of the Ihealre. We have also completed 8 WOtksh(y renovation, SUKPOrted by grant
funding. and have signed a lease agreement for new occupants who ale in le￿den￿.
The most 51gnificant change has been to utilise Ihe 'uneamed income. a(£ount. This has taken almost a year lo
irllplement, but we are now In a w)silion whwe ticket sale5 for future shows a￿ ring-fenced until the show
completes and monies are then released to pay the promoter and transfer oui %profil lo the Iheatie's cuirenl
account.
The future now looks powlive. The resident company has a publish￿ season and will continue to be volunteer
led., the basis of Ihe'communiV theatre. This will also afford educab.onal opportunities in all aspects of theatre.
We will continue lo recruit volunleers and a￿ looking lo streamline a prctess lo ensure that all volunteers are
adequately informed. educated and trained in the roles they are performing.
Health and safety continues to be a fwus a￿a for the Board and we will complete the outstanding ilems that
we have committed to resolve and will continue lo improve as best piath"ce.
External productions bwkings will continue to provide an eclecti¢ mix of genres and altracl new audiences, but
also continue becoming more selective lo derive the best income streams for the theat￿. Our prqeclions for
2024-2025 are conservative in the number of external productions we target. bul our ambition is to use income
from visiting companies lo operate a small piofewonal adminislralive team_
Additional income st￿arn$ are provided by barlfronl of house, property rental and Swdrdrobe & props hire. plus
fundraising opportunities that arise along&de our own initiab.ve
Page 7

PAADDER1AARl￿ THEATRE TRUST LIMITED ITHEI
(A Company limited by guarante•}
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Plans for future perfod8 (continued)
Directed appropriately we patently have the me￿$ to 0￿rate and maintsin the theatre as has been
demonslraled this year.
Having secured a sound financial base are lookin9 to establish rdationships wlh local colleges and schools,
arts and well-being charities, together wlh promoting the historical sgnificance of the theatre and establishing a
pr(xJramme lo maintaintimprove the building.
ststement of Trustees, r•$ponsibilities
The Trustees (who are a150 the directors of the Company for the purposes of o)mpany lawl are responsible for
p￿parIng the Trustees. report and the finanual *atements in a¢xordan¢e wth applicable law and United
Kingd(¥n Accounbng Siandards (United Kingjom Generally AC￿pted Accounbng Practice}.
Company law requires the Trustees to prepare financial statements lor each financial . Under company law, the
Trustees must not approve the financial statements unless they are sakn'sfied that they give a true and fair view
of the slate of affairs of the Company and of its ino)ming resources and application of resources, including ils
income and expenditure, for that perbod. In preparing these fina￿la1 slalements, the Trustees are required to.
select suitable acwunling policies and then apply them consstenlly."
observe the melhcKls and principles of the Charities SORP IFRS 1021..
make judgments and accounting eslimales Ihat ale reasonabje aThY prudent,.
state whether applicable UK Accounting Standards IFRS 1021 have been followed. subject to any
maleriaS departures disclosed and explained in the financial statements,.
prepare the financial stslements on the going cOn￿M bags unless it is inappropriate to presume that the
Clxnpany wll continue in busness.
The Trustees are restK>nwble for keeping adequate w)unting T￿l￿d5 that are sufficient lo show and explain
the Company's transactions and disclose wth reasonable accuracy at any lime the financial position of the
Company and enable them lo ensure that the financial slalements (x)mply with the CompanEs Act 2006. Thèy
are also responsble for safeguarding the assets of the Cornpany arKI hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and on their behalf by".
John Dlxon
Dale..
Page 8

PIADDERAIARKET THEATRE TRUST LIMITED (THE)
A company limited by guaranteè>
INDEPENDE￿r EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Independent examinerfs report to the Trustees of Madderniarket Theatre Trust Limited (The)
{'the Company'l
I report lo the charity Trustees on my examination of the ￿C￿nIS of the Company for the year ended 31 March
2024.
Respon81bllitie$ and basis of report
As the Trustees of Ihe Company ils directors for the purposes of company law} you are responsible for the
preparabon of the accounts in aCCL¥dan￿ with the requirements of the Companies Act 2006 {Ihe 2006 Act.).
Having satisfied myselF that the ￿0￿nts of the Company are not required lo be audited under Part 16 of the
2006 Act alld are eligible for independent examination, I rerx)rt in respect of my examination of the Companys
accounts carried out urKler section 145 of the Charities Act 2011 ('Ihe 2011 ACVI. In carrying out my
examinalion I have followed the Directions given by the Charity Commission under section 14515}Ib} of the
2011 Act
Independent •xamine¢8 statement
Since the Company's gross income ex￿eded £250.000 your examinet musl be a member of a iK¥Jy listed in
section 145 of the 2011 Act. I confim that l am qualrfied to undertake Ihe examination because l am a member
of the Inslilule of Chartered Accountants in England and Wales, is one of the listed Ixdies.
I have completed my examination. I mifirm that no matters have come lo my attentKJn in connection wth the
examination giving me Cause lo believe".
accounting records ￿re not kept in respect of the CLynpany as required by section 386 of the 2006 Act;
or
the accounts do nol accord w71h those records.. or
the accounts do not compty with the accounting requirements of section 3￿ of the 20(6 Act other than
any requirement thal the accounls give a 'true and fairf view which is not a matter considered as part ol
an independent examination," or
the accounts have not b&n prepared in accordan￿ vrith the methods and principles of the Slalemenl of
Recommended practi￿ for accounting and rewrting by charities lapplicable lo charities pieparing their
accounts in accordan￿ whlh the Financial Reporting Standard ap￿icable in the UK and Republic ol
Ireland IFRS 10211.
I have no concerns and have come acr0&8 no other matters in connection with the examination lo which
allenbon should be drawn in this report in ordei lo enable a propef understanding of the accounts to be
reached.
Larking Gowen LLP have provided services lo the charity that indude assistan￿ with compiling figure5 101
these finanoal statements, and bookkeeping and payroll proce&8ing In the period In conducting the
independenl examination, we have applied exemplions for small enlilies in the FRC'S Ethical Standard.
Page 9

mADDERmARK￿ THEATRE TRUST LIMITED ITHEI
IA company Ilmitgd by guarantso)
INDEPENDENT EXAMINER'S REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
This report is made solely to the Companls Trustees, as a t(Kly, in accordance wth Part 4 of the Charities
(Accoun15 and Reports) Regulations 2008. My work has been undertaken so that I might Stale lo the Company's
Trustees Ih05e mallers l am required to stsle lo them in an Independent examinerfs report and for no other
purpose. To the fullest extent pemiitted by law. I do not ￿pt or assume responsibility lo anyone other than
the Company and the Company's Trustees as a body, for my work or for this report.
Signed..
Giles Kerkham
¢(LL
D81ed 15 March 2025
FCA DChA
Larklng Gowen LLP
Chartered Accountants
1st Floor. Prow House
Rouen Road
Norwch
NR1 1RE
Page 10

MADDERMARKET THEATRE TRUST LIMITED (THEI
(A company limited by guarantse}
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2024
Total
funds
16 months
ended
31 March
2023
Unrestricted
funds
Restrictsd
funds
Totsl
funds
31 March
2024
31 March
2024
31 March
2024
Note
Income from:
Donations and legacies
Charitable activities
Investments
4.822
653.271
105.600
110,422
653,271
964
46,348
496,533
1.600
Total income
659.057
105.600
764,657
544,481
Expenditure on-
Charitable activities
$31.033
$31.033
713. f 60
Total expanditure
531.033
$31,033
713, f 60
Net incomellexpenditure}
Transfers bet¥%een funds
128.024
93.377
105,800
193.3771
233.624
(168.679)
15
Net movement in funds
221,401
12.223
233,624
(168, 679)
Reconciliation of funds:
Total funds brought forvrard
Nel movement in funds
{7.494)
221,401
{7,494)
233,624
161, 185
(168,679)
12.223
Total funds ¢arri9d foThvard
213.907
12.223
226.130
(1,494)
The Slalemenl of financial activitie5 indudes all gains and losses recognised in the year.
The notes on pages 15 10 31 form part of these finanual statements.
Page 11

MADDERMARKEf THEATRE TRUST LIMITED ITHE)
{A ￿mPanY limited by guarantee}
REGISTERED NUMBER: 00355871
BALANCE SHE
AS AT 31 MARCH 2024
2024
2023
Nole
Fixed assets
Tangible assets
10
133.877
46, 764
133,877
46. 764
Current ass•ts
Stocks
Debtors
Cash at bank and in hand
11
12
6.184
31.084
202.534
2.000
13,246
135,975
239.802
151,221
Creditors.. amounts falling due within one
year
13
(117,448)
(169,415)
Net current assets I liabilites
122,354
(18, 194)
Total assets 16ss currgnt liabilities
256.231
28,570
Creditors. amounts falling due after more
than one year
14
(30,101)
[36.064)
Totsl net assets
226.130
(7,494)
Charity funds
Reslricled funds
Unreslricled funds
15
12.223
213.907
15
(7,494)
Total funds
226.130
(7,494)
Page 12

MADDERMARKEf THEATRE TRUST LIMITED (THE)
IA company limited by guarantee}
REGISTERED NUMBER: 00355871
BALANCE SHEET IcoKfiNUEDI
AS AT 31 MARCH 2024
The Company was entitled to exemption from audit under secbon 477 of the C(#mpanies Act 2￿.
The members have not required the c(Knpany to obtain an audit for the year in question in 8ccordan¢e wlh
lion 476 of Companies Act 20(E.
The Trustees aC￿r￿)WIe￿Je Iheir req)onsibililies for comptying %wth the requirements of the Act with fespecl lo
accounb.ng records and preparation of finanual slatements.
The financial slalemenls have beerb prepared in ￿cordanCe wth the provisions applicat￿e to enb.lies subject lo
the small companies regime.
The financial statements were approved and aulhorised for issue by the Trustees and ￿gned on their behalf by..
John Dixon
Dale..
Iy. .
The notes on pages 15 to 31 form part of these financial statemen
Page 13

MADDERMARKET THEATRE TRUST LIMITED (THE}
IA ￿MpanY limited by guarante8}
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
16 months
ended
31 March
2023
31 March
2024
Cash flows from operating actrvities
Nel cash used in wraling activities
171.176
(34,216)
Cash flows from investing actlvltlos
Pr￿ed$ from the sale of intsngible assets
Purchase of tangible fixed assets
176
(2,287)
198.063)
Net cash used in investing actlvltles
198.0631
(2,1111
Cash flows from financlng activities
Repayments of bO￿o￿1ng
16,540)
(6,819)
Not cash used in financing activities
16,5401
16.8191
Change in cayh and cash equivalents in the year
Cash and cash equNalentS at the beginning of the year
66,573
143,1461
179, 107
135,961
Cash and cash equivalents at the end ofthe y￿r
202.$34
135,961
The notes on pages 15 to 31 form part of these finanual statements
Page 14

mADDERMAR1￿ THEATRE TRUST LIMITED (THE)
(A company limited by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General infomi*ion
The Maddermarkel Theatre Trust Limited is a registered charity limited by shares domiciled in England
and Wales, charity wistralion number 234993 and company regislfation number 00355871. The
registered office is The Mad(*rniarkel Theatre. Sl John'sAley, Norwch. NR2 1 DR.
A¢¢ounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepaied in 8ctordan¢e wth the Charities SORP IFRS 1021-
Accounting and Reporting by Charities." Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Finanaal Reporting Standard applicable in the UK
and Republic of Ifeland IFRS 1021 (effective 1 January 20191. the Financial Reporting Standard
applicable in the UK and Rewblic of Ireland IFRS 1021 and the Companies Act 2006.
The financial ststements are presenled in Steding {£) and rounded to the nearest £.
Maddermarkel Theatre Trust Limited IThe) meets the definition of a public benefit enlily under FRS
102. Assets and Iiabilitses are initially rec(KJnised al historical cost 01 transaction value unless
olherwse slated in the relevant a￿o￿ntIng policy.
2.2 Going concern
In approving these accounts, the Trustees have assessed whether the use of going concern is
appropiiate and whether Ihete are any malerial ￿n￿rtaInlieS related lo events 01 conditions that
may cast significant doubt on the ability of the Charity to continue as a going concem. The Trustee5
make this assessment in respect of a ￿￿(￿1 off one year from the dale of approval of the financial
slatemenls.
Taking into account the expecled level of inc(me and exttnditure, and the levels of unrestricted
funds and liquid assets, the Trustees consider the organisalion is in a stable finanoal position. The
Trustees consider that the bthlgeted cashflow and the level of unrestricted reserves are sufficient for
Maddermarkel Theat￿ Trust Limited lo be able lo meet Ils liabilities as they fall due for al least 12
months. For thi5 reason, the Tiuslees consider il appropriate for the financial slalemenls to continue
lo be prepared on a going con￿￿ basis and that there are no material uncertainties.
Page15

MADDERMARKET THEATRE TRUST LIMITED ITHEI
(A company limited by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued}
2.3 Incom•
l income is reccgnised once the Company has entitlement to the income, it is prL*8ble that the
income wll be received and the amount of income receivable can LE measured reliably.
The recognition of income from lewes is dependent on esiablishing entitlement, the probability of
rec￿P1 and the ability to estimate with suffiaent accuracy the amount receivable. Evidence of
enbllement to a legacy exists vthen the Company has suffiuent eviden￿ that a gift has been left to
them (through knowledge of the existen￿ of a valid wll and the death of the benefaclorl and the
executor is 5ali5fied that the propety in queth.on wll not be required lo satisfy claims in the eslale.
Receipt of a IwJacy musl be rec(NJnised when it is probab￿ that il wll be receivecl and the fair value
of the amount receivable, whicl) wll generally t* the expected cash amount to be distributed lo tho
Company, can be reliably measured.
Grants are Includ￿ in the Slatement of financial aclivities on a weivable basis The balan￿ of
inwme received for specific purposes but tKJt expended during the period is shown in the relevant
funds on the Balance sheet. Where income is received in advan￿ of enlitlemenl of receipt, ils
recognition 15 deferred and included in creditors as deferred income. Vvhere entitlement wcurs
before income is re￿ived. the Inc￿ne is acuufyl.
Income from ticket sales is recognised at the date of the relevant performan￿.
In accordance wlh the Charities SORP IFRS 1021, the general volunt￿[ lime is not rewgnised.
The trustees, annual report provides more infomiation about th￿r conlribuliLX).
2.4 Interest receivable
Interest on funds held on depO￿t is IndUd￿ when receivable and the amount Can be measured
reliably by the Company, thss Is nomially UFon nOtrfl￿ty.0n of the inlerest paid or payable by the
inslilulion with whom the furKls are depogted.
2.5 Expenditure
Expenditure is recognised on an 8￿rual$ ba&s once there is a legal or constructive obligation lo
transfer economic benefit to a third patty. il is probable that a transfer of economic benefits will l)e
required in selllemenl and the amount of the obligation can ￿ measured reliably. Expenditure is
clasglied by activity. The costs of each acts.vity are made up of the lolal of direct costs and shared
sls, including support cos15 involved in undertaking each activity. Direct costs attributable lo a
ngle activity are allwated directly lo that activity. Shared cosis which contribute lo more than one
aclivily and support costs which are not attributable lo a gngle activity are apFK)rtioned between
those aclivilies on a basis consistent wth the use of reSOu￿S Central staff costs are allocated on
the basis of lime s￿nI. and deprEriatson Gharges allocated on Ihe ￿￿rtiOn of the asset's use.
Expend1ture on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives, as well as any 8s80cialed support costs.
All expenditure is inclugve of irrecoverable VAT.
Page 16

MAODERMARI￿T THEATRE TRUST LIMITED ITHEI
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEME*￿s
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies (continued)
2.6 Pensions
The Company 0￿rateS a defined contribution p*nsion scheme and the pengon charge represents
the amounts payable by the Company lo the fund in respecl of Ihe year.
2.7 Tangible fixed ass•ts and depreciation
Tangible fixed asset5 are initially rwnis&J al cost After recognition, under the cx)st model,
tangible fixed assets are measured at cost accumulated depreciation and any accumulated
impairment losses. All costs incurred to bring a tangible fixed asset into its intended working
condition should be induded in the MeaSur￿nent of cosL
DepT￿latIOn is charged so as lo allocate cost of tsngIb￿ fixed assets less their residual value
over their eslimaled useful lives.
Dep{￿latIOn is providgj on the followng bases
Freehold property
Plant and machinery
Fixtures and fittings
Compulef equipment
Menscfaft workshop
- 25 years straight line
15% reducing balance
15% reducing balan
33% straight line ba￿$
25 years straight line
2.8 Stocks
Stocks aTe valued at the lower of cost and net realisable value after making due allowan￿ for
obsolete and slow-moving slod(& Cost includes all direct costs atxl an appropriate pr(portion of
fixed and variable overheads.
2.9 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amounl prepaid net of any trade discounts due.
2.10 Cash at bank and in hand
Cash at bank and in hand includes cash and short-lerm highly liquid investments with a short
malurily of three months or less from the dale of acqui511ion or opening of the deposit or similar
8c¢ounl.
2.11 Liabilities and provisions
Liabilities are recognised ￿en there is an obligation al the Balance sheet date as a result of a past
evenl, il is probable that a transfer of economic benefit will be required in settlement. and the
amount ol the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates il will pay lo sellle the debt or
the amount il has received as advanced payments for the goods or servi￿$ il musl provide.
Page 17

MADDERmARl￿T THEATRE TRUST LIMITED {THE)
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies {continuedl
2.12 Flnanclal Instryments
The Company only has finanual assets and financAal liabilities of a kind that qualify as basic
financial instruments. Ba￿C financial instwments are inrtialty recryJnised at transaction value and
subsequently measured at their 5etdemenl value.
2.13 Fund accounting
General funds are unreslricted funds which are availabte for use al the discretion of the Trustees in
furtherance of the general 04"ectives of the Company arml which have not been designated for other
purposes.
Designated funds comprise unrestri(aed funts that have ￿en set aside by the Trustees for
particular pur[￿$. The aim and use of each designated fund is sel out in the notes to the financial
statements.
Reslricled funds are funds which are lo be used in accordan￿ wth specrfic restridions imposed by
donors or which have been raised by the Company for particular purposes. The costs of raisng and
administering such funds a￿ charged against the specific fund. The aim and use of each restricted
fund is sel out in the notes lo the financial statements.
Incom• from donations and legacies
Unrestricted Restricted
funds
funds
Total
funds
31 March
2024
31 Mareh
2024
31 March
2024
tlonalions
Grants
4.822
10,252
95.348
15,074
95.348
4,¥22
105,600
110,422
Page 18

MADDERMARKET THEATRE TRUST LIMITED ITHEI
(A Company lifflited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Income from donations and legacies {continued)
Unr&stricf8d
lund
16 months
ended
31 March
2023
Reslricted
funds
16 months
ended
31 Ma￿h
2023
Tolal
funds
16 months
ended
31 March
2023
Donations
9. 100
8.548
8.200
10,5L
19,600
8,548
18,200
Legacies
Grants
10.000
25,848
20.500
46.348
Income from charitsble activities
Total
fuTKI$
16 months
ended
31 March
2023
Unrestricted
funds
Total
funds
31 March
2024
31 March
2024
Thealre
Front of house
525,123
128,148
525,123
128.148
362, 777
133, 756
653,271
653,271
496, 533
Investment Income
Total
funds
16 months
ended
31 March
2023
Unrestri¢ted
funds
Total
funds
31 March
2024
31 March
2024
Interest re￿Ved
964
1, 600
Pa9e19

MADDERMARIEf THEATRE TRUST LIMITED (THEI
(A company l•mited by guarantgel
NOTES TO THE FINANCIAL sTATEmE￿s
FOR THE YEAR ENDED 31 MARCH 2024
Charitable expenditure
Actlvltios
undertak•n
directly
Support
costs
Total
funds
31 Mar¢h
2024
31 March
2024
31 March
2024
Theatre in-house
Outside shows
Training & education
Front of House cost of sales
Governance
77,581
268.127
1,199
48,301
76,982
154,563
268.127
1,199
48.301
$8,843
58,843
395.208
135,825
531,033
Acl1vil￿S
undertaken
d1￿cl1Y
16 months
ended
31Ma
2023
Support
costs
16 months
ended
31 March
2023
Total
funds
16 months
ended
31 March
2023
Theatre- in house
180.809
269, 765
14,498
55,343
133, 137
313,946
269, 765
14,498
55,343
59,6Q8
Outside show5
Training & education
Front of House cosl of sales
Governance
59,608
520,415
192, 745
713, t60
Page 20

MADDERmARl￿T THEATRE TRUST LIMITED (THEI
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Charitable expenditure (continued)
Analysls of dirn¢t ¢osts
Outside Training &
shows
education
Ancillary
sales
Total
funds
Theatre
31 March
2024
31 March
2024
31 March
2024
31 Ma￿h
2024
31 March
2024
Irrecoverable VAT
staff costs Inole 81
Cost of visiting companies
Production
Cost of theat￿ ancillary sales
Cost of education
23.213
13.777
23,213
22,510
259,394
40,591
48,301
1.199
8.733
259,394
40,591
48,301
1.199
77.581
268.127
1.199
48,301
395,208
Oulside
shows
16 months
ended
31 March
2023
Trnining &
education
16 months
ended
31 March
2023
Ancillary
S81es
16 months
ended
31 March
2023
Total
funds
16 months
ended
31 March
2023
Theatre
16 months
31Ma
2023
Irrecoverable VAT
Staff costs (note 8)
Cost of visiting companies
Production
Cost of theatre ancillary sales
Cost of education
11,077
131. 104
11,077
147, 644
253,225
38.628
55,343
74,498
16,540
253.225
38.628
55,343
14.498
180,809
269.765
14,498
55,343
520,415
Page21

MADDERmARl￿T THEATRE TRUST LIMITED (THE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL sTATEME￿rs
FOR THE YEAR ENDED 31 MARCH 2024
Charitable oxpondlturo (¢ontinued)
Analysis ofsupport Costs
Total
funds
Theatre Governance
31 March
2024
31 March
2024
31 March
2024
Accountancy costs
Premises Costs
Establishment costs
30,386
30,366
19,741
20,294
19,873
5.018
28,477
9.671
1.106
1.279
19.741
20,294
19.873
5,018
General Offi￿ costs
Communications
Legal & professional
Depreciation
Bank and ¢redil ￿rd charges
Loss on disposal of awts
28,477
9.671
1.11
1.279
76,982
58,843
135,825
Page 22

MADDERMARKET THEATRE TRUST LIMITED (THE)
(A Company limited by gvaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Charftable expendFture (continued)
Analysis of support costs Icontlnued)
Total
funds
16 months
ended
31 March
2023
The81￿ Goveman
16 months
16 months
ended
31 March
2023
31 March
2023
Bad debts
Accountancy wsts
Premises costs
Estsblishmenl costs
General Offi￿ costs
Communications
Legal & professional
Depreciation
Bank and credit card charges
Profil on disposal of assets
1,401
28.527
1,401
28.527
21.939
53, 127
2g,036
15,087
29,680
11,428
3,044
(524)
21,939
53,127
29,036
15.087
29,680
11,428
3,044
(524)
133, 137
59,608
192,745
Indepèndent examinerfs remuneration
The independent examinerfs remuneration amounts lo an independent examiner fee of £6,500 (2023
- £5.500). and other bookkeeping a￿1 advi￿ry servi￿$ of of £23,615 {2023- £5,038>.
Page 23

mADDERMARl￿T THEATRE TRUST LIMITED {THEI
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Staff costs
16 months
ended
31 March
2023
31 March
2024
Salaries and wages
Social security costs
Other wages costs
13.1SO
128,340
1,285
1,479
379
13,777
131, 104
The 8ver*Je number of persons employed by the Company during the year was as follows..
16monlhs
ended
31 Msrch
2023
No.
31 March
2024
No.
Employees
10
No employee received remuneration amounting lo more than £60.000 in erther year.
The charity consders its key management personnel in the year lo comprise the trustee&
The company operates a defined contribution pension scheme. The assets of the scheme are held
separately from those of the company in an independently adTninislered fund. The pension cost charg
represents contributions payable by the c￿MpanY to Ihe fund and amount￿ to £379 (period ended 31
March 2023- £1,479).
Trustees, remuneratlon and expense
During the year, no Trustees received any remuneration or other benefits (2￿23- £NIL).
During the year ended 31 March 2024, expenses totaling £NIL were reimbursed or paid directly lo
Trustees (2023- £237 to l Twstee). These expenses reimbursed were in relation to costs incurred for a
Trustees meeting.
Page 24

MADDERMARKET THEATRE TRUST LIMITED (tHE)
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEmETr￿s
FOR THE YEAR ENDED 31 MARCH 2024
10. Tangible fixed assets
Fr•¢hold Plant and
Fixtures
Computer
property machinery and ffftings equipment
Kemps
Rost
Total
Cost
Al 1 April 2023
Additions
69.750
221.014
3.367
13,201)
13,860
1.319
312,624
98,083
16,221)
93.377
Disposals
(3,0201
Al 31 March 2024
66.730
221,180
15.179
93,377
404,466
Depreciation
At 1 April 2023
Charge for the year
On disposals
2.667
427
63.045
1,129
12.2451
187.848
7,033
12.6971
12.300
1.082
265,860
9,671
14,9421
Al 31 March 2024
61,929
192,184
13.382
270.589
Net book value
Al 31 March 2024
4.801
28.996
1,797
93.377
133,877
At 31 March 2023
5,333
6.705
33,166
1.560
46, 764
Kemps Rest is a prr4)ety asset in the course of conlwction al the year end, and therefore no
depreciation has been charged for the year ended 31 March 2024.
stocks
2024
2023
Finished g%yxls and go(Kts for resale
6.184
Page 25

MADDERmAR1￿ THEATRE TRUST LIMITED ITHEI
IA Company limit￿ by guaranto•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. Debtors
2024
2023
Due within one year
Trade debtors
Prepayments and accrued income
Tax recoverable
14,113
4.457
5,025
3, 764
7.023
31.084
13,246
13. Creditors: Amounts falling due within on• year
2024
2023
Bank overdrafts
Bank loans
14
7.117
14,270
1,668
23,399
122,947
6.540
25,352
Trade creditors
Other laxalion and social security
Other creditors
Accruals and deferred income
11,951
73.60S
117,448
169,415
2024
2023
Deferred InC￿e al 1 April 2023
Resources deferred during the year
Amounts released frcyn previous periods
122.947
73,605
{122,947
34, 774
122,947
(34, 774)
73,605
122,947
Deferred income is in relation lo lickel sales in the period for shuws being held in future years.
Page 26

MADDERMARKEf THEATRE TRUST LIMITED (THE)
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEmE1￿s
FOR THE YEAR ENDED 31 MARCH 2024
14. Credttors: Amounts falling due aft•r more than one year
2024
2023
Bank loans
30,101
36.064
The bank loans relate lo a Coronavirus Boun￿ W Loan. The loan of £50.Crf)O was granted in year
ended 2021 with a 12 month capitsl payment holiday, Whe￿ the Inte￿$1 is paid by the Govemmenl. The
loan is then repayable over a 120 month period wth repayments of £600 monthly. Inte￿$1 is charged al
2.5% per annum. Repayments started January 2022.
15. Statement of funds
Statement of funds - Current year
Balance at
31 March
2024
Balance at 1
April 2023
Transfers
inlout
Income Expendlture
Unrestricted funds
Designated funds
Designated Funds
33,167
{7.537)
3.366
28,996
General funds
General Funds
140,6611
659,057
1523.496)
90,011
184,911
Total Unrestricted fund5
17.4941
659,0S7
1531.0331
93,377
213.907
Restricted funds
Kemps Rest property
105.600
{93,3771
12,223
Total of funds
17,494)
764.657
1531,033)
226,130
The year end de&gnated fLtrrKls repr￿nts Ihe bocA( value of fixtures and filtings.
The resliicled Menscraft Workshop fund has been funded from grants and ¢Jonalions for conlruction of
Ihe workshop The transfer of £93,377 made from reslricled lutNYs lo unresiricled funds represents the
capital spend made in the year.
Page 27

MADDERmAR1￿ THEATRE TRUST LIMITED ITHEI
(A company limited by guaranteo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 IAARCH 2024
15. Statement of fvnd$ Icontinuedl
Statement of funds - prlor year
Balan￿ al
l De￿mber
2021
Bal8nce al
31 March
2023
TTrnsfe
in/oul
Income Ex￿ndItUre
Unrestri¢tgd funds
Designated funds
Designated Funds
274,660
(299)
(241,194)
33, 167
General funds
General Funds
(131.475)
523,981
(664.945)
231, 778
(40,663)
Total Unrestricted funds
143, 185
523,981
(665.244)
(9,416)
(7,494)
Restricted funds
Norwich Consolidated Charities
- Keeping Company
Boiler Repairs
Cottage refurbishment
18,
(18.000)
fO.500
iO,(kKJ
(19,416)
9,416
18.C
20.500
{4T.916)
9,416
Total of funds
161, 185
544,481
(713. 160)
(7.494)
Page 28

MADDERmAR1￿ THEATRE TRUST LIMITED (THE)
(A Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16. Analy818 of net assets between funds
Anatysis of net assets ￿tWeen fund8- currnnt period
Unrestricted Restrict
funds
funds
2024
2024
Total
fund5
2024
Tangible fixed a&8ets
Current assets
Creditors due within one year
Creditors due in more than one year
133,877
227.579
1117.4481
(30.1011
133,877
239,802
{117,4481
{30,1011
12,223
Total
213,907
12,223
226.130
Analysis of net assets between funds- prior period
UnTrstrKted
funds
2023
Tolal
funds
2023
Tangible fixed assets
Current assets
Creditors due wthin one year
Creditors due in more than one year
46. 764
46, 764
151,221
151,221
{169.415) (169,415)
(36,064)
{36,064J
Total
(7,494)
(7,4g4)
Page 29

MADDERmARl￿T THEATRE TRUST LIMITED ITHEI
(A Company Ilmlt•d by guarnntee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
17. Reconclliation of net movement in fund8 to net cash flow from operating activities
16 months
ended
2023
2024
Net inc0melexpendltu￿ for the twi￿1 las Fer Slalement of Finanryal
Activities}
233,624
(168,679)
Adjustments for:
Depreciation charges
Loss on the sale of fixed assets
Increase in stocks
Decreasellincre8sel in debtors
Increasel{decreasel in creditors
9.671
1.279
{4,1841
{17.8381
{51.376)
11.428
(2,OOQ)
9,476
115,559
Net cash provided byllused in) operating actlvltles
171.176
(34,216)
18. Analysis of cash and cash equivalents
2024
2023
Cash in hand
Overdraft facility repayable on demand
202,534
135,975
(14)
Total cash and cash equivalents
202,534
135,961
19. Analysis of changes in net debt
Other non-
cash At 31 March
chang&s
2024
At 1 April
2023 Cash flows
Cash al bank and in hand
Bank overdrafts repayable on demand
Debt due wlhin 1 year
Debt due after 1 year
135,975
66,559
14
202.534
17.117}
136,064)
15,963)
5.963
16,$40}
130,101
92.780
73.113
165,893
Page 30

MADDERMARKET THEATRE TRUST LIMITED ITHEI
(A company limitad by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. Relatod paity transa¢tlons
The Company has not entered into any related paty transaction during the year, nor a￿ there any
outstanding balances owng bets%Een related parties and the Company al 31 March 2024.
Page 31