The Bury St. Edmullds Theatrp Man<igement l.imited
IA company limited by guarantee and not having Share capital}
Report and Financial Slalemenls
Year ended 31 March 2023
Cornpany nLJmber.' 842455

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIMITED
(A company limited by guarantee and not having share capital)
Annual report and financial statements for the year ended ?1 March 2023
Contents
Page..
Chairinari s Report
Report of the directors
Independent auditor's report
Consolidated Slalemenl of Financial Activities {including income and expenditure account)
18
Consolidated Balance Sheet
19
Charity Balance Sheet
20
Consolidated Slalemenl of Cashflows
21
Notes forming parl of the financial slalemenls
Directors
R Quince {Chairman}
S Wliybrew
E Fisher
Piccaver
M Codrinolon Fernandez
E Michie
G Kirk
B Lilllefair
J Ho￿ett
Chief Executive aiid Artistic Director
O Calverl-Lyons
Company Secretary and registe:'ed office
P Turner
Weslgale Street, Bury Sl Edmunds, Suffolk, IP33 1 QR
Company iiumbor
842455
Registered charity number
242977
Auditors
RSM UK Audit LLP, Blenheim House, Newmarket Road, Bury Sl Edmiinds, Suffolk, IP33 3SB
Bankers
Lloyds Bank Plc, 9 Bullermarkel, Bury Sl Edmunds, Suffolk, IP33 1 DB

THE BURY ST EDMUNDS THEATRE WIANAGEMENT LIMITED
{A company limited by guarantee and not having shale Cdpilall
Chairman's Report
l am delighted lo say Ihal the 202?123 financial year was a very positive one with most things returning lo pretty
well normal with some notable achievements. Staffing levels gol back lo full complement Thiilh sc)me great new
appoinlmenls, easing the burden on some of our senior staff, in particular Owen, and putting us in a strong
position for the future. We produced some fantastic own productions, not least the Panlo, which as well as
delighting audiences engaged many young people on stage. Our community and education work expanded,
area5 that the Boar(5 wants lo see develop further in future years, and youth lhp.alre is thriving.
Thanks lo 01 Ir very SULcessful ovjn produ¢liuns and thoughtful and high quality programming of visiting artis15
and comprinies box office income increased significantly, giving us some breathing space after a difficult Covid
and posl-C,ovid period. Vve continued lo be blessed by the finatTrcial support we received froin public bodies,
donors, patrons and sponsors. Despite the pressure Ilial they themselves were under our two councils Iwest
Suffolk and Suffolk County) continued their grant funding al very similar levels as in previous years and our
business sponsors were even more generous. The Board are deeply gratefu5 for this support, wilhoul which we
would have found il very difficult lo undertake the range of activities that we did.
None of what we achicved during the year would have been possible wilhoul the huge eflorl all our staff, and the
support provided by our many volunteers. I woiild like lo thank them all. Can l also express my gratitude lo my
fellow Iruslees who not only seek lo ensure Ihrough good governance that the Theatre stays on Iraok bul 2150
provide practical help in all sorts of ways.
Since the end of the financial year we learned that we were lo be granted National Porllolio Organisalion INPOI
status by Ai Is Council England. This achievement is leslimony lo Ilie great work that Theatre Royal undertakes
land of course the high Quality of our bid). Not only does NPO status bring prestige il also provides financial
supporl lo allow us lo further develop our work with schools, young people and our broader community.
Looking lo the future, we are investigating how we might develop oi. acquire some additional space for our youth
and community work atTrd also for reh?arsals The lack of such space ha:. been a growing issue for the Theatre
and as our aclivilics incredse this situation will only iworsen. We are not yel clear how this issue might be
resolved bul hope that by this lime next year we will al least have a plan a5 to how we might proceed.
Roger Quince,
Chairman

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIMITED
IA company limited by guarantee and not having share capital)
Report of the directors for the year ended 31 marc.h 2023
The directors present their annual report together with the audited financial slalemenls for the year ended 31
March 2023.
Structure, governance and management
Governi17g docLinienl
The Charilablc Company was formed on 24 March 1 g65 to manage the Theatre Royal, Bury Sl Edmunds, which
Is sub leased from The National Trust. The Charitable Company is a reoislered charity, has no share capital and
Is limited by guarantee. Each member of the Charitable Company is liai)le for an amount not exceeding £1 and
lolal members may not exceed oo.
Organisation
The directors of tho Theatre determine the general policy of the Charitable Company. The day lo day
nianagemenl of the Theatre is delegated lo the Chief Executive and Artistic Director and the Senior Management
Team, with the support of a sub-commillee of the directors, the Finance, Risk, Audit aand Resources Committee
IFRARI
Further delai15 have been given in accordance with Charities SORP FRS102 and can be found on page 2.
Appointment of directors
The directors of the Charitable Company are ils Iruslees for the purposes of charity law and throughout this
report are collectively referred lo as the directors. They serve terms of office in accordan¢e with the Charitable
Company's constitution and are appointed by the directors themselves. Directors ai e recruited through open
advertising and interv￿eW. Prior lo advertising the directors carry out an audit to identify gaps in expertise or
reprpsenlalion among their number and advertise for suitable candidates a¢cordingly.
The directors of the Charitable Company who have served since 1 April 2022 or dale of appointment if later, were..
R Quince
A Wayne (Resigned 181111221
B Lilllefair
M Codringlon Fernandez
B Howard IResigned 191101?31
J Howlell IAppoinled 161031231
G Kirk
E Michie (Appointed 251061221
E Fisher
S Whybrew
S Henderson {Resigned 1810Jf1221
M Piccaver (Appointed 161031231
The Directors meet bi-monthly.
l)irector induction and Irairiing
New directors unt5ergo an induction which provides Iheni with Information about the organisalion, ils work and
aspirations, their legal obligations under charity and coinpany law", the conlenl Df the Memorandum and Articles of
Association," the committee and decision-making proce5se5," the busiiiess plan and iecenl finaiici81 performance ol
the Cliarilable Company. They are also invited lo meet key employees and discuss aspects of the Charitable
Company s work relevant lo their expertise. Guidaiice and induction is given by fellow Board members and the
executive team.
The Charitable Company works closely with Greene King pl¢, the ultimate owners of the Theatre Royal building,
and the National Trust, wlio lease the building from Greene King and lo the Charitable Company. Tl)e building is
a National Trust registered properly.
The Charitable Company was in receipt ol annual funding from Suffolk County Council and We81 Suffolk Council
during the year, both of whorri appoint observers lo the Board. The National Trusl also appoints an observer.
PriiiGipal risks and unGertaintiFs
The directors review and approve a budget and ijpdale the Busiriess Plan of the Charitable Company annually.
The Business Plan looks al a period of up lo five years thhead, and ils associated process is undertaken every
three lo five years and is a comprehensive and strategic plan selling out the major opporlunilie5 available lo the
Theatre and the risks lo which il Is exposed. The directors assess the major risks lo which the Charitable Company
is exposed lo salisly themselves that systems are in place lo miligale, as far as is practical, exposure lo identified
major risks. The Charitable Company has a Risk Register which is periodically reviewed by the Finance, Risk,
Audit and Resources IFRARI Committee with any area5 thought to be a major unmiligaled risk brought to the
allenlion of the full Board of Direelors. Included in the Risk Register are issues that the FRAR Commillpe

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIMITED
IA company limited by guarantee and not having share capitall
Report of the directors for the year ended 31 March 2023 (continued)
consider lo have the highest risk profiles. These are listed below together with actions lo mitigate the relevant
risk., the fesulling miligaled risk level is dlso shown.
Risk
Level
Mitigating
action
Sufficient funding resources reserved lo sustain core
staff for a period of 6 1nonlhs, Investigate and lake up
any and all relevaiil national & local government
financial and other support. Create and follow a robust
maintenance plan.
Develop and implement a strong purposeful
communication slrale
To actively work and build enhanced relationships with
funders.
Regular monitoring of H & S practices. Training for
51aff as necessar
Hold regular reviews with funders lo assess likelihood
of reduLlions in funding. Implement an annual
reserves policylprocedure with a view lo gradually
growing the charitable company reserves lo balance
ublic subsid
over 5
ie2rs.
Knowledge of norm rates. Build team approach with
staff and maintain overall workin
environment.
Theatre Safeguarding Policy. Staff training, DBS
Checks. External licensin
where re
uired.
Closely monitor bills. Implement regular cost analysis
and usage comparisons. Closely monitor visitor
numbers and trends. Regular reviews of pricing
slruclures. Develop and implement a strong
ur
oseful communications slrale
Skills and knowledge sharing sessions held bi-
monthly between tecims lo avoid silo workiiig and
sin
le ownershiE.of knowled
Mitigated
risk
Mediuml
High
Unable lo operate the theatre
physically due lo circuimslances out
of our Control. i.e Pandemic Flu,
Natural Disaster and maintenance
issue.
Unable lo grow 2nd diversify our
Audiences
Reduction of revenue grants
High
Medium
High
Medium
Breaches of Heallli & Safely
Low
Additional loss of public 8ubsidy in-
year deslabili5ing the operational
plan
High
Medium
Salaries & fees falling below industry
norms
Child and vulnerable adult protection
Medium
Low
High
Low
Impact of Cost of Living and Ener9y
Crisis and high inflation
High
Medium
The organisalion is unable lo meet
operational objectives due lo the
loss of ke staff
Medium
Low
Public ben&fit
The directors have referred lo the guidance contained in the Charity Commission's general guidance on public
benefit when reviewing aims and objectives and in planning future aclivilies. In particular, the directors consider
how planned a¢livilies will contribute lo the aims and objectives they have sel. Directors consider that public benefit
is achieved through the following slralegie5'.
Offering a wide range of artistic programming, aiming lo appeal lo all sections of the ¢ommunily',
Support lo education, the community and amateur sector. offering space and resources for their
productions and aclivilies".
Programming captioned, signed and audio described performances, and relaxed perforrllances where
possible, enabling deaf, hard of hearing, visually impaired people and people with dementia and other
disabilities lo enjoy live theatre-.
Providing access lor wheelchair users and those with mobility difficultie5',
Offering a wide range of heritage tours and talks in and around the Ihealre,.
Delivering creative workshops with community partners working with minority, vulnerable and
disenfranchised groups and providing enga9emenl wilh the work on stage and wider opporlunilies offered
by the Charitable Company.,

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIMITED
IA company limited by guarantee and not having share capital)
Repotl of the directors for the year endp.d 31 Idarch 2023 (continued)
Working with schools on curriculum and cultural engagement projects al the theatre and in schools.,
Providing drama and theatre activities for people of all ages and ability al Ilie theatre and in commuiiily
venues enabling a wide range of people throughout the retjion lo benefit",
Offering subsidised and free places available lo those in need.,
Offering a broad range of lickel prices, and further concessions for largeled groups, lo enable all se¢lions
of the community lo access performance5 al the Ihealre.
Objects and Activities
The mission of the Charitable Company is..
Entertaining, exciting. enriching creatively L&ngaging audiences.
The Bury Sl Fdmunds Theatre Management Limited,.
r charitable objectives are lo..
'promol&, m&inl&in, improve and advanc8 educalion particularly by the production of educafional plays a17d the
Ql?Gouragem&nl of th& Arts including Ilie arls of drama, ballet, IT7USiC, singing, liferalure, sculplure a17d iJainlii?g
and to formulate, pi"epare and @slablish SGhe177es tliereforo provided that all the objects of the coinpany s17all be
of a charitable nature.
The Charitable Company is commilled lo deliveriiig great 'l-healre for All, through the presentation of a year-round,
high quality, entertaining programme ol theatre an(S other performances al Theatre Royal Bury Sl Edmunds and
acros5 the region. 1115 commilled lo bringing the be:-,I theatre and enlerlainmenl lo audiences and conlribules to
the national arts ecology.
The C.h8rilable C*ompany works in coll-boralion with ar1151s and partners lo ensure work of the higherl quality is
accessible for people in the region.11 offers emploympnl, learning and creative development for artists and 11)e
wider community through ils parlicipalory, artistic and education programmes.
The Charitable Company manages the Theatre Royal, Bury Sl Edniunds, a unique, inlimale, 350 seal Grade 1
listed building and National Trust Properly silualeo, iii a historic town in Suffolk and the only theatre biiilding
re-
maining Irom 11)e Regency period. 11 therefore h2s an artistic dnd historic role lo play within the cultural and educa-
lional landscape.
The aims and the activities provided are designod lo".
Develop the quality, diversity and reach of arlislic, community and education work.
Increase and reach more audiences and develop Ilieir engagement with the Charitable Company's work.
Provide excellent customer care across all areas of op£ralions.
Increase the income generated and piovide sustained investment for operations.
Provide cultural leadership within the region.
Further the skills and abilities of staff and volunteers,

THE BURY ST kDMUNDS THEATRE MANAGEMENT LIMITED
IA company liniited by guarantee and not having share capltall
Report of the directors for the year ended 31 March 2023 (continued)
Achievements and Performance
This was our first full-year of operation since the global pandemic and continues lo be a period of recovery. We
have focussed upon building our team back lo pre-pandemic levels. This has included the appointment of our first
Head of Producing, Zoe Fox, who has significantly improved our ability lo produce high-qualily, in-Fiouse
productions. As a result, this has been a prolific year as we produced 4 in-house productions, 2 co-productions and
invested significant additional resources into our productions by children atTrd young people. This slralpgic
approach lo 'produce our way out of the pandemic, through big and bold pi"oduclions has been a success. We
allracled 76,953 audiences Ihis yoar, a 380/0 increase on last year and only 100/. below our lasl non-covid affected
year. This is beller than the national average of 15-200/0 below pre-pandemic leve15. Our success in altia¢ling
audiences back lo the theatre is leslamenl lo the skill and passion of the entire Theatre Royal team of staff,
Iruslees, artists and volunteers. Our approach has been further validated by our successful application lo become
a National Porffolio Organisalion of Arts Council England from 2023-2026.
Own Artistic Productions
rhe SeGret Garden by Nicola Werenowska
Our annual Community Production goes from strength lo strength. This year's production featured 26 young
people including 6 children playing the lead roles, supported by an excellent cast of 4 professional actors.
This was the first play Commissioned by our Commissioning Circle, with five local donors covering the cost of
the commission. The play was written by East Anglian playwright, Nicola Vverenowska with an original score
by Ivor Novello Award winning composer, Oliver Vibrans. Feedback for the production lias been
overwhelmingly positive, with the Bury Free Press describing il as 'a stunning success,.
The Legend of Robin Hood by Chris Hannon
This year's pantomime was a huge success and was norllinaled for four UK Pantomime Awards (Best Script,
Best Costume, Best Newcomer and Best Pantomime Under 500 Seats). The production featured 16 local
childreri alongside a professional cast of 7. Audience feedback wa5 particularly positive, reaching a Nel
Promolor Score of 88Q/o. Suffolk News said "The Legend of Robin Hood delivers on every level.. humour,
stellar performances, a talented young cast, strong vocals, a lighl script, simply stunning costumes, oodles
of fun and plenty of custard pies. What more could anyone want?. The production allracled an audience of
24,734, a 100/0 increase on last year.
Where s Santa? by Owen Calverl-Lyons
To complement our pantomime we constructed a log cabin in Bury Sl Edmunds Town Centre (Charler Squarel
lo house a new production for children under 7. This was a beautifully designed and professionally performed,
miniature play120 minulesl, created in partnership with The Arc Shopping Cenlre. The Christmas Cabin was
designed lo engage children who are below the largel age of our pantomime. It was also designed lo give
Theatre Royal a greater presence in the town centre over Christmas. 1,543 people attended the production,
540/0 of bookers were new to Theatre Royal.
The Children by Lucy Kirkwood
No.3 in The Guardian's .50 Best Plays of the 21 sl Century,, Lucy Kirkwood's play explores generational
responsibility in the aftermath of a nuclear meltdown on the East coast of England. This award-winning play
from 201 fj formed parl of our Artistic slrale.gy lo stage the best play5 of the past len years. Our high-profile
cast featured Imogen Stubbs, Gillian Bevan and Michael Higgs all of whom gave powerhouse performances.
Our East Anglian creative team included new collaborations with Sound Designer, Helen Atkinson and Lighling
Designer, lan S¢oll. The production was designed lo allracl our Drama Audience back lo the theatre post-
pandemic. 3,208 audiences allended the production, a 23Q/o increase on 1Sie same slot last year. The Bury
Free Press said, 'This &xcellenl The2tre Royal Bury Sl Edmunds gripping production leaves you pondering
one's very existence and futur&."
The Birds and The sees by Mark Crawford
An last Anglian co-production between Theatre Royal Bury Sl Edmunds, Theatre Royal Norwich and New
Wolsey Ipswich Originally staged in Canada, this comic story of environmentalism was relocated lo Norfolk by
local playwright James McDermoll. This production has helped lo forge strong relationships with two important
regional Ihealres and paved the way for future co-productions.

THE BURY SI EDMUNDS THEATRE NIANAGEMENT LIMITED
IA company limited by guarantee and not having share capital)
Report of the directors for the year ended 31 March 2023 (continued)
The Lies You Tell by Yolanda Mercy
Through support from Suffolk CDunly Council and Suffolk Mind, we were able lo cominission Suffolk playwright
Yolanda Mercy lo wi'ile a new play for young people. The Lies You Tell was co-produced with Highlide and New
Wolsey Ipswich. Tlie play was designed lo improve young pp.ople's mental health following the pandemic,
encouraging young people lo talk about their mental health and seek help when lleeded.
Vi.8iting Productions
Amidst the huge challenges facing tho touring and independent theatre sectors, Theatre Royal supported a huge
number of productions lo lour their work lo Bury Sl Edniunds. Highlighlc of (he year included Boeing Boeing by
Londoii Classic Theatre, As You Like It by Northern Broadsides, Slierlock Holines and The V&llpy of Fear by
B12ckeyed Theatre, The Canlerville Gl?osl by Tall Stories, Shakers by Wakefield Theatre Royal and Tiine & Tide by
Relish Thealro.
Creative Learning
SENsory Youth I healre
Our first year of delivery of non-verbal youth theatre for learning disabled and neurodivergent children aiid
young people, in partnership with the Geevvizz Charity, has been a great success. ltye liave now re-branded
Ilie groups as SENsory youth Ihealre. "Oiir child 17as l?ad a wonderful lime enjoying every session. Her self-
confidence has grown with eacl? week, so n?uch so 11?al during the fvarin up, she tiles lo lead fr17e activity. Sl?e
has made friends with all the olher children atlendi17g and the staff. She has becoine so relaxed thal ear
defenders are no lonoer needed during the sessions.
Youth I'healre F-estival
Members of OLir four youth theatre companies look lo Ilie stage lo perform in Stay Brave Brian C7ravy by Carl
Grose and Brighl Young Things by Georgia Chrislou. This year we raised the production values and arlislic
ambition of these productions by employing Designer Isabelle Nicholson to work with our team of Youth
Theatre Directors.
Tiny Plays, BIG IDEAS 2
Following the 8uc¢ess of last year's pilot, this was the second edition of this education projerl, funded by the
Periscope Cultural Education Partnership and Arts Council England. The project is designed lo improve
literacy and self-expression and support primary school pupils most affected by the impact of Covid-19.
Thedlre Royal sent a team of playwrights (lain Gonoude, James M¢Dermoll and Killy lthorganl into 13 Suffolk
primary schools lo leach Ihem lo write their first play. 380 children look parl, each submilling 3 play, from
which 12 plays were chosen lo be performed by a casl of professional actors on the Theatre Royal stage.
"Our Ghildren absolutely loved being involved in the theatre intervention. 11 really brought some our pupils out
of their shells and gave them an opportunity lo express themselves through performing arts.
Doorstep Festival
Now in ils fifth year the ACE-funded Doorstep Festival toured children's theatre productions lo schools across
Suffolk in parlneiship with Half Moon Theatre. This was our m051 ambitious year lo dale, with additional funds
provided through Suffolk County Council enabling us lo co-produce our own production and lo reach
significantly more schools. We toured Party IKS1121 alongside our co-production The Lies You 7ell which
enabled us lo reach re¢ondary schools for the first lime on this project IKS2131. These productions toured lo
31 schools across Bury Sl Edmunds, Stowmarkel, Newmarket. Thetford & Sudbury and engage(5 3,389
children. This year's festival also included two Suffolk libraries for the first lime. "The performance Ihal we
walGhed was the first Iin7e we 17ad had visitors in school for 2 very long lime. The children were so excited lo
be walching the performance and were captivated throughout.

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIMITED
(A company limited by guarantee and not having share capital)
Report of the directors for the year ended 31 March 2023 (continued)
Financial Review
The Group's Slaleinenl of Financial Activities shows that the Unreslricled Fund has seen a nel inflow for the
year of £40,532. Total Unreslricled Funds 3131 March 2023 are £697,129. In the year £68.633 has been
transferred from the Unreslri¢led General Fund lo the Unrestricted Designated Fund. Al 31 March 2023
Unreslricled General Fund had increased lo £492,265, the Unreslricled Designated Fund had increased lo
£204,864 and free reserves stood al £194,379.
Al 31 March 2023 group nel current assets stood al £459,374, an increase of £1,089 from £458,285 al 31 March
2022. The Directors have reviewecl the issue of going concern once again, with the steps taken by the Board to
assure themselves of this together with explanatory notes are shown in Note 1.
The Theatre continues lo be supported by agreed revenue funding from Suffolk County Council and Wesl Suffolk
Council, and will be suppoiled as a National Portfolio Organislion of Arts Council England froin 2023 - 2026. The
Bury Sl Edmunds Theatre Management Limited Would like lo thank ils stakeholder partners for their continued
support and will work closely with local authority funders lo ensure that il provides excellent investment, 81 a lime
when the public purse is under increased pressure.
Overall fundraising income for core expenditure, which includes specific Trusts & Foundations, Friends scheme,
donations, sponsorship and fundraising events, lolalled £229,341 12022 - £207,727). This excellent result, as
highlighted above, reflects the hard work of the Development Team.
Al 31 March 2023 the Reslricled Capital Development Project Fund stands al £3,818,496, refle¢ling the investment
in the building, whicli is being amortised over the life of the lease from National Trust. Heritage Lollery FLJnd retains
a legal charge over the building, reflecting their grant investment from 2005, this charge expires In 2030.
Significant reslricled funds I"eceived or taken as accrued income in the year were from the Arls Council England,
Bury Town Council, Suffolk County & Wesl Suffolk Councils and Councillors Locality. The balance ol non-building
reslricled funds al 31 March 2023 stood al £97,275. Further details are shown in Note 17 Icl. We would like lo
record our thanks lo all those organisalions who provided reslricled funds in the year which greatly assists us in
achieving our charitable objectives.
Total reslricled funds al 31 March 2023 stood al £3,915,771.
Invesln?enl powers
Under the Memorandum and Articles of Association, the Charitable Company has Ilie power lo make any
iniieslmenl which the directors see fil.
Reserves Policy
The Theatre's Reserves Policy, sel by the Trustees, is lo work lo acliieve free reserves within the general fund
balance, i.e.excluding those amounts represented by fixed assets of £385,00012021122 £350,000) and which
would allow the Charitable Company lo manage unforeseen event
Al 31 March 2023 the general operational
fund balance stood al £492,26512021122.' £472,396), of which £194,38012021122'. £174,511) were free reserve.
The Trustees policy going forward will be lo grow the rèserves as trading conditions allow.
Senior Mai?agement Pay Policy
Senior Management rernuneralion is reviewed and sel by the Finance, Risk, Audit and Resources Committee
ulilising current market levels of p8y reward for similar posts in similar organisalions as a benchmark.

THE BURY ST EDMUNDS TFIEP.TRE MANAGEMENT LIMITED
IA company limited by guarantee and not having ohare capital)
Report of the dirertors for the year ended 31 March ?.023 (continued)
FUndra￿sing
Bury Sl Edmunds Theatre Management Limited operates with a Head of Development whose responsibilities lie
primarily in orgaiiising fundraising events and pursuing individu81 giving, sponsorship and Trusts & Foundali()ns. All
fundraising a¢livilies are undertaken in line with the fundraisers code of conduct as sel out by the Charilies
Commission. The C.harilable Company does not use any external profLJ8sional fundraisJThr or involve any
commercial parlicipalors. There have been no complaints about fundraising aclivilies this year.
Plans for Future Periods
20L3124
Theatre Royal Productions
The Wonderful Wizard of Oz by Mike Akers
August ?023
A new adaplalion of this classic story, commissioned via our Commissioning Circle. Our legendary ¢ommunily
production will fealurtt ir larger community cast this year, includirig non-professional adults as well as children, all
supported by a professional cast of 5. Additional funds through our NPO grant will allow us lo grow the ambition of
this production, taking on a music.al with original songs.
Snow White by Chris Hannon
Noverllber 20?3
Theatre Royal's famous pantomime will again play lo 25,000 audiences. Chris Hannon's new adaplalion explores
age dnd beauty, with a strong female-lead.
Theatre Royal Chrigtmds Cabin
November 2023
Following the success of this year's pilot, IhL Christmas Cabin will return with a new story for under 7$ co-written
by Hally Ashton and Owen Calvert~Lyons.
Creativo Learning Projects
Tiny Plays, BIG IDEAS 3
April 2023
Following the success of this year's project, we plan lo deliver anollier edition of this schools. education project,
leaching 380 children lo write Ilieir first play.
Small Fry by Neil Duffield aiid Changing Room by Chris Bush
April 2023
Theatre Royal Youth Theatre will lake lo the stage for a week-long Celebration of young people's Ihealre. We will
stage these Iwo brilliant plays, both wrillen specifically for young actors, in double-bill over four nights.
luesday by Alison Carr
April 2023
Our Senior Youth Theatre will lake part in the National Theatre Connections programme, staging this newly written
play al Theatre Royal and al The Garage in Norwich.
Visiting Companies
Our visiting programme will include high-qualily dram2 alongside a diverse programme of music, comedy and
dance. Productions will include Brief Encounter by New Wolsey Ipswich, The Faith Healer by London Classic
Theatre, Oh What a Lovely War by Bla¢keyed Theatre and Frankenstein by Tilled Wig.
10

THE BURY ST IDMUNDS THEATRE MANAGEMENT LIMITED
IA company limited by guarantee and not having share capital)
Report of the directors for the year ended 31 March 2023 (continued)
Directors. responsibilitias
The Directors (who are also Truslees of The Bury Sl Edmunds Thealrc Management for the purposes of charity
lawl are responsible for preparing the Trustees, Annual Report and the financia5 slalemenls in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepled Accounting
Praclicel.
Company law requires the Trustees lo prepare financial Dlalemenls for each financial year which give a true and
fair view of the slate of affairs of the charitable company and the group and of the incoming resources aiid
application of resources, including the income and expenditure, of the charitable group for that period. In preparing
these financial slalemenls, the Trustees are required lo..
select suitable accounting policies and then apply them con8iStenlly'.
observe the methods and principles in the Charities SORP.,
make judgments and eslimales that are reasonable and prudent.,
slate whether applicable UK Accounting Standards have been followed, subject lo any nialerial departures
disclosed and explained in the financial slalements., and
prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that the
charitable company will continue in business.
The Directors arci responsible for keeping proper a¢¢ounling records that disclose with reasonable a¢cur2¢y al any
lime the financial position of the charitable company and enable them lo ensure th81 the financial slalemenls
comply with the Compaiiies Act 2006. Tliey are also responsiLle for safeguarding the assets of the charitable
company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Statement as lo the disclosure of information to auditnrs
The directors who were in office on the dale of approval of the financial slaterments have confirmed that as far as
they are aware, there is no relevant audit information of which the auditors are unaware. Each of the directors has
confirmed that they have taken all the steps that they ought lo have taken as direolors in order to make Iheinselves
aware of any relevant audit information and lo establish that il has been communicated lo the auditors.
Auditors
A resolution lo appoint Larking Gowen LLP, Chartered Ac¢ounlanls, a5 atjdilors will b6 put lo the members al the
annual geiieral meeting.
This report has been prepared in accordance with the provisions applicable to companies enlilled lo the small
comp?nies' exemption.
On ljehalf of the Board on
Roger Q
ince, Director

THE BURY ST EDMUND"
THf.ATRE IqANAGEMENT LIMITED
IA compc4ny limited by guarantee and not having share capital}
INDEPLtktDEN"r AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF BURY ST EDMUNDS
'rHEATRE MANAGEMElTrJT LIMITED
Opinion
We have audited the financial slalemenls of The Bury Sl Edmunds Theatre Managemènt Limited Ilhe 'parenl
charitable company'l and ils subsidiaries Ilhe 'gfOUP'I for the yeai ended 31 March 2023 which comprise the
Consolidated Statement of Financial A¢livilies (including the incume and expenditure accounlsl, the Consolidated
and Charity Balan¢e Sheets, the Consolidated Slalemenl of Cashflows and nolos lo the financial slaleiiTrenls,
including significant accounting policics. The financial reporting framework that has been applied in their proparalion
is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard
applicable in Ihe UK and Republic ol Ireland" (Unilod Kingdom Generally Accepted Accounting Practi￿).
In OLJr opinion the financial s181emenl5.'
givè a true and fair view of the slate of the group's and Ilie parent charitable company's affairs as al 31 Mai'ch
2023 and of the group's incoming resource% and application of resources, including ils income and expendi-
ture, lor the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities Act
2011.
Basis for opinion
We have been appointed auditors under the Companies Act 2006 and section 151 of the Charities Act 2011 and
report in accordance with Ihose Acts.
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of
the financial slalemenls section of oui report. We are independent of the groijp and parent charitable company in
accordance with the ethical requirements that are relevant lo our audit of the financial slalemenls in the UK,
including the FRC'S Ethical Standard and we have fulfilled our other ethical responsibililieB in accordance with
these requirements. We believe that the audit evidence we liave obtained is sufficienl and appropriate lo provide a
basis for our opinion.
Conclusions relating to going concern
In auditing the financial slalemenls, we have concluded that the Iruslees, use of the 90ing concern basis of
accounting in the preparation of the financial slalemenls is appropriate.
Based on the work we have performed, we have not identified any material uncerlainlies relating lo events or
conditions that, individually or collectively, may cast significant doubl on the group's or parent charitable company's
ability lo continue as a going concern for a period of 81 least twelve month5 from when the financial slalemenls are
aulhorised for issue.
Our responsibilities and the respon5ibililies of the trustees with respect lo going concern are described in the
relevant sections of this report.
Other information
The other information comprises the information included in the Report and Financial Slalemenls other than the
financial slalemenls and our auditor'5 report Ihereon. The Iruslees are responsible for the other information
contained within the Report and Financial Slalemenls. Our opinion on the financial slalemenls does not cover the
other Information and, except lo the exlenl otherwise explicitly slated in our report, we do not express any form of
assurance conclusion Ihereon.

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIMITED
IA company limited by guaranteg and not having share capital)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF BURY ST EDMUNDS
THEATRE MANAGEMENT LIMITED Icontinuedl
Our responsibility is lo read the other information and, in doing so, consider whether the other information is
materially inconsislenl with the financial statements or our knowlp.dge obtained in the COLJrse of the audit or
otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material
misslalemerils, we are required to determine whether this gives rise lo a material misslalemenl in the financial
slaleTnenls themselves. If, based on the work we have performed, we conclude that there 15 a material
mis51ale.menl of this other information, we are required lo report that fact.
Vve have nothing lo report in this regard.
Opinioiis on other matters pre5crlbed by the Coirpanies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the iiiformalion given in the Report of the Directors., which includes the Trustees Report prepared for the
purposes of charity law, for the financial year for which the financial slalemenls are prepared is consi51ent
with the financial slalemenls., and
the Directors, Report, has been prepared in accordan￿ with applir,able legal requirements.
Matters on which wo are required to report by exceptinn
In IIIL light ol the knowledge and understanding of the gioup and the parent charildble Company and their
environinenl obtained in the course of the dudil, we liave not identified malerial misslalemenls in the. Directors. Report
included will)in the Report of the DireclDrs'.
We have nothing lo report in rcispecl of the following mallers where the Companies Act 2006 and the Charities Act
2011 require us lo reporl lo you if, in our opinion..
adequate and sufficient accounting records have not been kept by the parent charitable Company, or returns
adequate for our audit have nDI been received from branches not visiled by us., or
the parenl Charitable company financial slalemenls are iiol in agreement with the accounting records and
returns., or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require lor our audii, or
the Directors were not enlilled lo take advantage of the sma51 companies, exemption from the iequiremenl
lo prepare a Strategic Report or in preparing the Report of the Directors.
Responsibilities of trustees
As explained more fully in the Directors, responsibilities sel out on p2ge 11, the directors Iwho are also the Iru51ees
of the charity lor the purposes of charity lawl are responsible for the preparation of the financial slalement5 and for
being satisfied that they give a true and fair view, and for such internal eonlrol as the Iruslees determine is
necessary lo enable the prpparalion of financial slalemenls that are free from material misstalemenl. whether due
lo fraud or error.
In preparing the financial slalemenls, the Iruslees are responsible for assessing the group's and parent charitable
company's ability lo continue as a going concern, disclosing, as applicable, mallers related lo goitTrg concern and
U8ing the going concern basis of accounting unless the Iruslees either intend lo liquidate the group or parent
charitable company or lo cease operations, or have no realistic alternative bul to do so.

THE BURY ST EDMUNDS THEATRE MANAGEMF.NT LIMITED
IA company limited by guarantee and not having &Dhare capital)
INDEPE-NDENT AUDITOR'S REPORT TO THI MEMBERS AND TRUSTEF_S OF BURY ST EDMUNDS
THEATRE MANAGEMENT LIMITED {continuedl
Auditor's respontroibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole arts free from
material niisslalemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit condLJcled in accordance
with ISAS IUKI will always detect a material misslalemenl when il exisls.
Misslalemenls can arise from fraud or error and are considered mcilerial rf, individually 01 in the aggregate, they
could reasonably be expeclecl lo influence the economic decisions of users taken on the basis of these financial
slalemenls.
The ext&nt to which the audit was consldered capable of detecting irregularities, including fraud
Irregularities are instances of non-compliance with 18w8 and regulations. The objectives of our audit are lo obldin
sufficient appropriate audit evidence regarding compliance with laws and regulations that have a dire¢l effect on the
delern)inalion of material amounts and disclosures in the financial slalemenls, lo peiform audit procedures lo help
identify instances of non-compliance with other laws and regulations that may have a material effect on the financial
Slalemenls, and lo respond appropriately lo identified or suspected non-compliance with laws and regulalioiis
i(Jenlified during the audit.
In relation lo fraud, the objectives of our audit are to identify and assess the risk of material misslalemenl of the
financial slalemenls due lo fraud, lo obtain sufficient appropriate audit evidence regarding the assessed risks of
material misslalement due lo fraud through designing and implementing appropriate responses and lo respond
appropriately lo fraud or suspected fraud Identified during the audit.
However, Il is the primary responsibility of management, vvilh the oversight of those charged with governance, to
ensure that the enlily's operations are eondu¢led in accordance with the provisions of laws and regulations and for
the prevention and detection of fraud.
In identifying and assessing risks of malorial misslatemenl in respect of irregularities, including fraud, the group audit
engagement team..
obtained an understanding of the iialure of Ilie sector, including the legal and regulatory frameworks that the
group and parent charitable company operate in and how the group an(J parent charitable company are
complying with the legal and regulatory frameworks,.
inquired of management, and those charged with governance, about their own idenlificalion and assessment
of the risks Of Irregularities, Including any known actual, suspected or alleged instances ol fraud..
discussed mallers about non-compliance with laws and regulations and how fraud mighl occur including
assessment of how and where the financial slalemenls may be SLJsceplible lo fraud.
As a result of these procedures we consider the most significant laws and regulations that have a direct impact on
the financial statements are FRS 102, Charities SORP IFRS 1021, Companie5 Act 2006, Charities A¢1 2011, Ihe
parent charitable company s governing document, lax legislation and Charities IProleclion and Social Inveslmenll
Act 2016. We performed audit pro¢edures lo delecl non-compliances which may have a material impact on the
financial slalemenls whicli included reviewing the financial slalemenls including the Directors, Report. remaining
alert lo any new or unusual transactions which may not be in accordance with the governing documents and
evaluation of compulalions provided by external lax advisor5.
l-he group audit engagement team identified the risk of management override of controls and completeness of certain
income streams as the areas where the financial slalemenls were most susceptible lo material misslalement due lo
fraud. Audit procedures performed included bul were not limited lo lesling manual Journal entries and other
adjuslmenls, evaluating the business rationale in relation lo any significant, unusual transactions and Iransaolions
entered into outside the normal Course of business and performing lesls of detail in relation lo completeness of
income.
14

THE BURY %T EDMUNDS THEATRE mANAcEM￿NT LIMITED
IA company limited by guarantee and not having share capitall
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF BURY ST EDMUNDS
THEATRE MANAGEMENT LIMITED Icon(inued)
A further des¢riplion of our responsibililieb for the audit of the fiiiancial slalemenls is provided on IhL Financial
Reporting Council's website al htlp.'Ilwww.Irc.org.uklaudilorsresponsibililies. This description forms part of our
auditor's report.
Use of our repnrt
This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Parl 16
of the Companies Act 2006. Our audit worlc ha£ heeii underlal,,en so Ihal we might slate lo Ilie charitable company's
members those matters we are requirpd lo slate to them in an 3udilor's report and for no other purpose. To 11)e
fullest exlenl permilled by law, we do iiol accept or assume resporisibilily lo anyone other than the r.harilable
company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we
have foi"med.
CLAIRE SUTHERLAND (Senior Slalulory Aiidilorl
For and Dn behalf of RSM UK AUDIT LLP, Slalulory Auditor
Chartered Accounlanls
Blenhoim House
Newmarket Road
Bury Sl Edmunds
Suffolk
IP33 3SB
8 December 2023
RSM UK Audit LLP is eligible lo act as an auditor in terms of s?clion 1212 of the Companies Act 2006.

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIMITED
IA company limited by guarantee and not having share capital)
Consolidated olateinent of Financial Activities lincluding income and expenditure account) for the year
ended 31 March 2023
Unrestricted Restricted
Funds
Funds
Tolal
2023
Unreslricled Reslricled
Funds
Funds
Total
2022
Note
Income from
Grants. donations and
legacies
273,612
142,101
415,713
379,771
115,903
495,674
Other trading activities
Fu17drdising
Front of House gctivilies
Sponsorship
Other Income
54,225
191,343
64,504
29,2fj6
54,225
191,343
64,504
29,266
39,100
150,389
59,417
29,785
39,100
150,389
59,417
29,785
Investments
Other Income
3,894
155,751
3,894
155,751
214
111,090
214
111,090
772,595
142,101
914.696
769,766
115,903
885,669
Charitable aclivilies
Operation of theatre and
arlislic programmes
1,083,788
1,083,788
960,469
960,469
Total
1,856,383
142,101 1,998,484
1,730,235
115,903
1,846,138
Expenditure on
Raising funds
Fundraising cosls of granls
and doiiations
Front of House activities
105,721
129,656
105,721
129,656
146,991
95,286
146,991
95,286
Charitable activities
Operation of theatre and
artislio programmes
1,580,474
246,600 1,827,074
1,511,473
23?.,969 1,744,442
Total
1,815,851
246,600 2,062,451
1,753.750
232,969 1,986,719
Net movement offunds in
year
40,532
1104,4991
163,9671
123,5151 1117,0661 1140,5811
Reconciliation of funds
Total funds brought forward
656,597
4,020,270 4,676,867
680,112
4,137,336 4,817,448
Total funds carried forward
697,129
3,915,771 4,612,900
656,597
4,020,2.70
4,676,867
The notes on pages 20 10 34 form parl of these financial slalemenls.

THE BURY ST IDMUNDS THEATRE MANAGEMENT LIMITED
IA company limitf:d by guarantee and not having share capitall
Consolidated Balanue Shevt at 31 March 2023
Note
2023
2022
Fixod assets
Tangible assets
4,153,526
4,218, Jf82
Current assets
Stocks
Debloi's
Cash al baiik and in haiid
S,744
?79,101
808, 193
14,522
107,707
873,119
14
1,093,038
995,348
Crèdilors.. amounts ialling due
wllhin one year
633,664
537,063
Net currgnt assets
459,374
458,285
Net assets
4,612,900
4,676,867
Represented by
Funds
Unreslricled..
General fund
Designated fund
492,265
204,864
472,396
184,201
697,129
656,597
Reslricled funds
17
3.915.771
4,020,270
Total funds
4,612,900
4,676,867
The financial slalemenls on pages 16 10 34 weie approved by the board of directors and aulhorised for issue on
7 December 2023 and are signed on ils behalf by..
Rog
Quin
Director
The notes on pages 20 10 84 form part of these financial slalemenls

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIMITED
IA company limited by guarantee and not having share capitall
Charity Balance Sheet at 31 March 20£3
Company no.. 842455
Note
2023
2022
Fixed assetr
Tangible assets
Investments
11
4,153,526
100
4,218,582
100
4,153,626
4,218,682
Curreiit assets
Stocks
Deblors
Cash al bank and in hand
5,744
279,001
808,193
14,522
101,607
873,119
14
1,092,938
995,248
Creditors= amoiints falling due
within one year
633,664
537,063
Net current assets
459,274
458,185
Net assets
4,612,900
4,676,867
Represented by
Funds
Unreslricled..
Geneial fund
Designated fijnd
17
492,260
204,864
472,396
184,201
697,129
656,597
Reslricled fund
17
3,915,771
4,020,270
Total funds
4,612,900
4,676,867
As permilled by S408 Companies Ael 2006 the Charity has not prescribed ils own Slalemenl of Financial Activities
and related notes as Il prepares group accoun15. The Cliarily's deficit for the year was f63,967
12021122 deficit.. £140,5811
The financial statements on pages 16 10 34 were approved by the board of directors and aulhorised for issue on
7 December 2023 and are signed on ils behalf by..
Roger
uince
Dir
tor
T he notes on pages 20 10 34 form parl of these financial slalemenls

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIMITED
IA company limlted by guarantee and not havinq share capitall
Consoll(iated Statement of Cashflows at 31 March 2023
2023
2022
Noto
Cashflows generated by/(u5ed by) operating activities
24
{62,8831
51,461
Cashfloivs from investing activities
Interest income
Purcliase of tangible fixed assets
3,893
15,0361
214
155,2801
Nel cash (used Inllprovided by investing activities
12,0431
155,0661
Change In cash and cash equivalents in the year
164,9261
{3,6051
Cash and cash equivalents at the beginning of the year
873,119
876,724
Total cash and cash equivalents at tlie end of the ye¢ ."
2.5
808,193
873, 119
Casl) and cash equivalents relate wholly lo balan￿$ held in current and deposit accounts.

THE BURI" ST EDMUNDS THEATRE MANAGEMENT LIMITED
{A company limited by guarantee and not having share capital)
Notes forming part of the fii)anclal statements for the year ended 31 March 2073
1. Accounting policies
Basis of accounting
The financial slalemenls have been prepared under the historical cost convention and in a¢oordance with
Accounting and Reporting by Charities.. Slalemenl of Recommeiided Practice applicable to cliarilies preparing
their accounts in accoi"dance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS1021- (Charities SORP IFRS10211. the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 and the Conipanies Act ?_006.
The Bury Sl Edmunds Theatre Management Limited is an incorporated charity domiciled and registered in
England, which conslilules a PubliG Benefit enlily as defined by FRS 102. Assets and liabililics are initially
recognised al rost or transaction value unless olherwise slated in the relevant accounting polic31 iioles.
BasiTr of consolidatioi)
The consolidalcd finai)cial Slalemenls incorporate the accoLinls of the Charitable Company and those of ils
trading sijbsidiary, E3ury Sl Edmunds l-healre Productions Lirlliled for the year ended 31 March 2023 on a line
by line basis. A stspardle Slalemenl of Financial Activity ISOFAI Is not preBenled because the charity has
taken advantage of the exemplioiis afforded by Section 408 of the Companies Act 2006. Under qection 479A
of the Companies Act 2006, Bury Sl Edmund5 Theatre Productions Limited is exempl from the requirement for
il% financial slalemenls lo b@ audited.
Going Concern
Whilst the financial slalemenls have been prepared on the going ¢on¢ern basis there are, due li) Ilie impact of
the energy and cost of living crisis on the cultural sector, slill some uncerlainlies facing 11)e organisalion which
are highlighted bolow. However, Ilie organisalion's financial position stands il in good stead lo dp.a5 with the
possible impact of thes0 lo the exlenl they liave been budgeted and no material uii¢erlainties ii"I respecl of
going concern have been ideiilifed.
Overall unreslricled funds increased by £40,532 during the year leaving an unreslricled fund balan￿ of
£697,129 al 31 March 2023. Of this lolal, £492,265 relates lo the operational element of the Unreslricled Fuiid
and £204,864 to Ilie designated element.
The SLJbsidiary company, Bury Sl Fdmuiids Theatre Production5 Limited allows the Theatre lo lal(e advantage
of the HMRC'S theatre lax relief, which in the year ended 31 March 2023 l'esulls in a nel benefit of £155,7fJ1
after c0515 which is included in the re5uIIs of the Cliarilable Company.
Detailed financial projections including cash flow have been prepared for the year lo 31 Iv1arch 2024 and for
the year lo 31 March 2025 which Ihp Directors have considered in their assessment of the goinq con¢erii
position.
kurlher details of the organisalion's plans going forward are included in the Report of the Directors,, Plans for
Future Periods.
On the basis of the detailed budgets the Directors are satisfied that the financial slalenienls should be
prepared on a goiiig concern basis, however. whilst the theatre has unreslricled reserves 2nd Ilie forecasts
have included prudent assumptions regarding ongoing business operalions and a return lo more normal
conditions the following uncertainties should be highlighted..
Whilst the operational environment has shown significant improvement, we are in Ilie midst of an
energy and cost of living crisis resulting in general and ongoing economic uncertainly.
Whilst the organi5alion is in regular contact willi our local aulhorilies no formal iiolificalion has been
received regarding ongoing revenue funding for 2024125.
20

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIN41TED
IA company limited by guarantee and not having sFiare capital)
Notes forming part of the financial statements for the year ended 31 March 2023
1. Accounting policies (continued)
Reduced dis¢losurcs
The C,hdrilable Company has taken advantage of the exemption from disclosing the following information, as
permilled by the reduced disclosure regime within r.RS 102
Section 7 'Slalemenl of Cash Flows, Presentation of a Slalemenl of Cash Flow and related notes and
disclosures.
Financial inqtrliments
The Charitable Group only has financial assets and finan¢i31 liabilities of a kind that qualify as basi¢ financial
inslrumer)Is. Basic financial instruments are initially recognised al transaction value and subsequently
measured al Ilieir setllemeiil value.
Debtors
Trade and other debtors are recognised al the selllenienl amount due after any diqcounl offered. Propaymenls
are valued al the amount prepaid nel ol any discounts due.
Cash at bank and in hand
Cash al bank and in hand includes cash and shorl-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 account.
Creditcrs
Creditors payable within one year that do not conslilule a financial transaction are initially measured al the
transaction price and subsequently measured al amortised cost, being the transaction price less any aniounls
settled.
Tangible fixed assets and depreciatlon
Tangible fixed assets are slated al cost, less depreciation. Depreciation 15 provided on all tangible lixed assets
al rates calculal@d lo wrile off Ilie cost, less eslimaled residual value, of each asset on a slraighl-line basis
over ils expected useful life, as follows..
Equipment
3-5years
Motor veliicles
3-4years
Properly improvenients
over the period of the lease
Properly improvemen15 in excess of £10,000 and equipment addition5 in excess of f 500 are capilalised al the
discrelioi) of the directors.
Inve5tmonts
In Ilie Charitable Company balance sheet, investments include the investment in the subsidiary which is
recordcd al cost.
Income
Income is recognised when the Charitable Group has enlillemenl lo Ilie funds, any performance condilions
allached lo the ilemlsl of income has been mel, il is probable that the income will be received, and the
amount can kie measured reliably.
Income from government and other grants, whether 'capilal' grants or'revenue, grants, is recognised when the
C.harilable Group has enlillemenl lo the fun(Js, any perforimance conditions allached lo the grants have been
mel, Il is probable that the income will be received, and the amount can be measured reliably.
Income from front of house activities is recognised on exchange of goods.
Income received In advance of a Ihealrical perlormance or provision of other specified service is deferred until
the criteria for income recognition are mel, this is normally on the performance dale.
Interest receivable
Interest on funds held on deposit is includpd when receivable ai Id the amount can be measured reliably by the
Charitable Group, this is normally on nolificalion of the intere51 paid or payable by the Bank.
21

THI BIJRY ST FOIMUNDS THEATRE MANAGEMENT LIMITED
IA company limiled by guarantee and not having share capitall
Notes forming pail of the financial statements for the year ended 31 March 2023 (continued)
1. Accnunting policies (Continued)
ixpenditure
Theatre expenditure is recognised on an accrual's basis. Conlraclual arrangements and performance related
grants are recognised as goods or sei'v.ces are supplied.
Costs of Faising funds are those costs Incurred in allracling grants and donations, and those incurred in
trading Jolivilie5 that raise funds.
SLipporl costs include central funclions and have been allocated lo activity cost categories on a basis
consislenl with the use of resources.
Expenditure on charilahle activities includes the costs of performances, exhibitions and other educational
activities undertaken lo further the purposes of the ¢Fiarily aiid their associated supporl costs.
Pensions
The group operates a Peoples Pension Plan for the bonefil of il% eniployees. The asset5 and liabilities of the
schemE: arp. held 8eparalely lo those of the group. The annual contributions payable are included in the
Statement of Financial Aclivilip.s.
Loa=Inq L'ommitments
Rentals paid under operating lea4es are charged against income on a slraighl-line basis over the lease term.
Payments to volui,teers
The Ihealre's nperalion relies heavily on voluiileer5, willi advantage lakeii of exemptions awarded lo
charitable organisalions in respect of the Minimum Wage regulations. Volunteers are engaged in all aspects of
Ilie operation, bul most extensively in front of house operations. The Chai ilable Conipany's directors are also
engaged in a voluntary capacity. The Charitable Coinpany ofiers oul-of-pockel expenses to all volunteers, with
many claimiiig modest travel expenses. No olliei payments are offered in respect ol their worli as volunteers.
Stocl(s
Stocks are valued 21 the lower of cost and nel realisable valu?.
Eniployee bx)nefits
The costs of shorl-term ernployee benefits are recognised as 3 liability and an expense. The holiday year for
the Charitable Company ends al the reporting dale, liowttver in cerlain circumstances employees are eiilillod
lo oarry forward unused holiday. The cost of any unused enlillemenl is recognised in the period in which the
einployee's servi¢es are received.
Fund accounting
Unreslricled funds comprise accumulated surpluses and deficits on Ilie General Fund and a Designated Fund.
They are available for use al Ilie discretion of the direplors in furtherance of the Charitable Company's
charitable objectives. Reslricled funds are created when grants or donalioiis are made available for a
particular purpose, the use of which is restricted lo that purpose.
Critical accounting estimates and ?% leas of judgement
The Charitable Group makes eslimaies and assumptions concerning the future. The resulting accounting
cslimales and assumptions will, by definition, not always equal Ihe related actual results. There are not
considered lo any eslimales or judgements that have a significant risk of causing a material adjuslmenl lo
the carrying amounts of assets and liabilities within the next financial year.
22

THE BURY SI" EDMUNDS THEAI'RE MANAGEMENT LIMITED
IA company limlted by guarantee and not having share capital)
Notes formlng part of the finaiicial statgments for the year ended 31 March 2023 (Continued)
2. Income from grants. donations and legacle5
Unrestri¢ted
Funds
Rostricted
Funds
Total
2023
Total
2022
7rants
Suffolk County Council
Wesl Suffolk Council
Cultur21 Recovery Grant
102,000
61,000
102,000
61,000
102,000
61,250
107,311
Ti-usts & Foundations
National I rust
Alfred Willianis Charitable Trust
Foyle Foundation
Thealrcs Trusl
Norfolk & Norwich Festival Trust
5,450
500
20,000
5,000
2,000
2,000
Donations
Friends of Theatre Royal
Others
15,258
95,354
15,258
235,455
17,776
176,387
140,101
273,81?
142,101
415,713
495,614
3. Income from charitahle actii itiLJs
ljnrestricled
Funds
Total
Total
2022
Funds
Profc58iondl events
Pantomime
EduLation programme
Amateur events
Agency events
14erilage Tours
Other
499,087
484,528
39,642
46,801
3,408
3,990
6,332
499,087
484,528
39,642
46,801
3,408
3,990
6,332
4 Jf2,757
440,151
15,588
658
29,665
1,083,788
1,083,788
960,469
23

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIMITED
IA compaiiy lirnited by guarantee and not having shdre capitall
Notes formis19 part of the financial stalements for the year ended 31 Marclj 2023 (Continued)
4. Allocation of support costs
The Charitable Company allocates ils support Costs ￿S shown in the table below and then further apportions
those costs between the charitable aetivilies undertaken. Support Costs are allocated on a basis consislenl with
the use of resources.
Fundraising
costs of
qrants and
donations
Tlieatre
operation
2023
Total
2022
Total
Support costs
Adminislralion staff
Adminislralion costs
Premises costs
93,766
416,057
144,133
18,753
5,662
112,519
421,719
144,133
137,526
50g,605
128,574
6of3,g56
24,415
678,371
775,705
S. Analysis of charitable expondi:ure
The Charitable Company undertakes direct charitable activities only and does not make grant payments.
Productions
and
perforniances
Education
programme
2023
-rotal
2022
Total
Professional events
462,188
462,188
418,264
Co-Produclions
Pantomime
Education & Community
proqramme
Artistic staff
Box office
Marketing
Technical
Operations
Support costs Inole 41
5,804
239,578
5,804
239,5 18
185,542
16,476
221,449
199,276
185,542
37.506
5,Jf80
79,852
37,507
75,013
5,580
111,677
79,498
8,238
653,9.fj6
34,381
3,971
87,727
53,594
7,285
702,019
31,825
3,895
8,238
571,245
82,711
1,485,594
J41,480
1,827,074
1, 144,442
6. Analysis of cost of raising funds
Other
costs
Supporl
costs
2023
Total
2022
Staff costs
Fundraisingj costs uf grants
and donations
Front of house activities
38,950
41,165
42,356
87,891
24,415
105,721
129,656
146,991
95,286
80,715
130,247
24,415
235,377
242,277
24

THk BURY ST ELIMUNDS T14EATRE MANAGEMENT LIMITED
(A company limited by guaranteè and not liaving share capital)
Notos forming part of the financial statements for the year ended 31 March 2023 (Gontinued)
7. MovemLnt in total funds for tlie year
This has been arrived al after".
Re.ceivino
2023
2022
Government Grants tjusiness Reslriclions Granls
Coronavirus Job Retention Scheme Cranls
43,600
14,4 Jf6
Ch3rging
2023
2022
Depreciation
Operating leases
- Owned
Land & buildings
Plant and machinery
Auditor's remuneration Slalulory audit of charity & consolidated
accounts
70,992
12,500
2,016
19,995
76,600
16,500
2,016
16,995
Tax compliance services
Audit rclaled assurance services
2,450
1,750
2,000
8. Employees
The average monthly iiumber of employees of Ihe group during Ihp year, excluding directors, was as follows..
2023
2022
14uinber
Nuinber
Full lime
Parl lime
55
46
72
66
Staff costs consist of".
Wages and salaries
Social =ecurily costs
Pension costs
812,084
55,573
7?8.283
48,512
19,552
888,008
796,347
No employee earned more than £60,000 in Ilie year.12022.' no employee earned more than £60,000)
Key Management Persoiinel of the Charilak>le Company and Group comprise of the Directors, the Chief
Executive and Artistic Director, the Finance Director and the Head of Fiiiance., HR and Operalioris. The 10131
employee remuneration ol Key Management Personnel wa
f.137,959 during the year 12022 -£129,3221
9. Directors
No directors received einolumenls lor their duties as dire¢lors during the year {2022 - none.l. No expenses
wore reimbursed lo the director's during either year.
10.Taxation
The Bury Sl Edmunds Theatre Management Limited is a registered charity and as such ils income and gains
are exempl from corporation lax lo thè extent that they are applied lo ils charitable objectives.
25

THI BURY ST EDMUNDS TFIEATRE MANAGEMENT LIMITF.D
IA company limited by guarantee aiid not having share capitall
Notes forining part of the financial statements '.or the year ended 31 March 2023 (Continued)
11.Taiigible assets Icharity and Group)
Long
Leasehold
property
mprovements
Motor
Vehicles
Equipment
Total
Cost
Al 1 April 2022
Addilioiis
Disposals
5,041,255
14.846
111,550
5,935
5,167,651
5,935
At 31 March 2023
5,041,255
14,846
117,485
5,173,586
Deprtrcialion
Al 1 April 2022
Charge for year
Disposals
866,896
57,977
14,846
67,326
13,015
949,068
70,992
At 31 March 2023
924,873
14,846
80,341
1,020,060
Nel book vali1& - owntrd assets
At 31 March 2023
4,116,382
37,144
4,153,526
Al 31 March 2022
4,174,359
44,224
4,218,583
12.Investmen(s (Charity only}
Total
Cosl
1 April 2022 and 31 March 2023
100
Subsidiary
Bury Sl Edmunds Theatre Productions Limited
Country
England
Holding Principal aGtivity
1000/.
Theatre Productions
The Charitable Coinpany oivns the whole sliare capilal of Tl"ie Bury Si Edinunds Theatre Productions Limited
(company number 092407861. The principal activities of the Company are theatre productions. The address of
ils registered office is the saine as Ihe Charitable Coinpany as nDled on P3ge 2.
Al 31 March, the Company had..
2023
2022
Turnover
Profil afler lax
Nel Assets
474,687
473,469
100
100
26

THE BURY ST EDMUNDS THEATRF. MANAC?EMENT I.IMITED
IA company limited by guarantee dnd not having share capitall
Notes forming part of the financial statements for the year ended 31 March 2023 {ContlnuedJ
13.otncks Icharity and Group)
?.023
2022
Goods for resale
,744
14,522
14.Debtors
2023
Group
2023
Charity
2022
Group
2022
Charity
Trade debtors
Other debtors
Prepayments and accrued income
Amounts owed by group undertskings
11,595
237,46fj
30,275
1fj,595
28,446
30,275
?08,785
12,592
81,639
13,477
12,592
18,934
13,477
62,605
279,101
279,001
107,708
107,608
All amounts within debtors fall due for payment williin ono year.
1 Jf.Lredilnrs'. amounts ialling due within Line year
2023
Gi'tsup
20?.3
Charity
2022
Group
2022
Charity
Trade creditors
'Faxation and social security
Other creditors
Accruals
Deferred income Isee note 191
37,189
27,211
3,598
166,762
398,904
37,189
27,211
3,Jf98
166,762
398,904
47,893
16.984
24,005
128,4?6
319,755
47,8g3
16,984
24,005
128,426
319,755
633,664
633,664
537,063
537,063
16.Peri￿1onS
The ch2rily c.onlribules lo a defined contribution schcme for ils einployees.
The charge far the year is £20,3J1 12022.. £1 g,5221 and al Ilie balance sheet (Jale there were £3,598 of
oulslanding contributions (2022.. £8,722> wliich were included within creditors.
17.Funds
(a) Charity and Gi-oup Unrestricted Funds
Unreslri¢led funds Consist of the gener21 funds and designated funds.
At 1 April
202?.
March
2023
Income
Cxperiditure
Transfers
General funds
Designated funds
472,396
184,201
1,856,383
11,767,881)
147,9701
168,6331
68,633
492,265
204,864
656.597
1,856,383
11,815,851)
697,129
27

THE BURY ST EDMUNDS I"HEATRE MANAGEMENT LIMITED
IA company limited by guarantee avld not having share capilall
Notas forming part of the financial statements for the year ended 31 March 2023 (Continued)
17. Funds Icontinuedl
(a) Charity (ind Group Unrestricted Fuiids (continued)
At 1 April
2021
At 31 Nfjarch
2022
Income
Expenditure
Transfers
General funds
Designated funds
611,578
68,534
1,-K30,235
11,753,750)
1115,6671
115,667
472,396
184,201
680,112
1,730,235
{1,753,7501
656,597
(l)) Charity and Group Deslgnated Funds
At l Aprll
2022
Income Expenditure
2023
2023
At 31 March
Transfers
Artistic fund
Operational fund
131,255
137,7551
110,2151
124,0051
92,638
69,4g5
135,3Cg
184,201
147,9701
68,633
204,864
At 1 April
2021
Income F.xperhdltuYe
2022
2022
At 31 Ivlarch
2022
Transfers
Artistic fund
Operational fund
33,500
35,034
97,755
17,912
131,255
52,946
68,534
fj15,667
184,201
Arlislic Fund.. The directors have agreed ID reduce funds by £24,005 10 £69,495, Ihpse will provide assistance
with lulure Theatre Royal produclions and the visiting programme.
2021122.. £97,755 was designated lo the Ariisti¢ fund.. this was lo c.over the guarantee for the Beyond W<ills
proje¢l and lo provide assis12n¢e with future Theatre Royal productions.
Operational Fund.. The dire¢lors have agreed lo increase funds by £92,638 10 £135,369 whirh will assist with
operational requirements in equipment and building maintenance.
2021122.. £17,912 was c5esign?led lo the Operational fun(l.' this wds lo assist with operational requirements in
equipment and building iinprovemenl and maintenance.
28

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIMITFD
IA company limited by guarantee aiid not having share capital)
Notes forming parl of the financial statements for tho year elidèd 31 March 2023 (Continued)
17. Funds Icontinuedl
(G) Ch<?rity and Group Restricted Funds
At 1 April
At 31 March
2023
Income
F.xpenditure
Capital L)evelopmenl Projecl Fund
Capital Boiler Replacemenl Fund
Access Project Fund
Beyond Walls Fund
Seating Fund
318ck Tliealre Live Project Fund
Youth Bursaries Fund
Dooislep Project
Realising Ambitions Project l-und
Artistic Directors Fund
Ickworlh Volunteers Project Fund
SEN Youth Theatre
YouthlLocal Eiigagemenl
Head East
Tiny Plays Project
Commisgioning Circle
Downlighlers
3,876,473
16,000
7,571
34,870
7,997
157,9771
14,0001
16,3571
134,8701
3,818,496
12,000
1,214
7.997
5,882
1,106
6,665
1,686
33
16fj 31
118,9851
(?.5,7011
25,701
11,060
1,825
5,858
10,000
500
6,780
504
5,000
63
11,060
15001
Ig,rJ921
18,455
14,121
10,000
15001
{16,1931
193 il
15,0001
1631
(10,0001
17,5001
11J,,7021
1881
12,OOUI
126.0281
15,0001
17,733
fja,000
8,320
9,573
Secret Garden
Youth -l-healre l)roduclion 22123
Shared Pfosperily Fund
Teachei s CPD F.venl
Vulnerable Groups
Christmas Cabin
Warm Spaces Project
10,000
5,000
14,702
2,500
7.412
2,000
26,028
5,000
4,020,270
142,101
{246,6001
3,915,771
29

THE BURY ST EDMUNDS I HEATRE MANAGEMENT I.IMITED
IA company limited by guarantee and not haviiig share capitall
Notes forming part of the. financial statements for the. year ended 31 March ?023 (Continued)
17. Funds Icontinuedl
(G) Charity and Group Restric¢ed Funds (¢ontiniJed)
At 1 April
2021
p.t 31 March
Income
Exponditure
Capital Development Project Fund
Capital Boiler Replacement Fund
Access Project fund
Beyond Wa115 Fund
Sealing Fund
Black Theatre Live Project Fund
'Holes' Production
Youth Bursaries Fund
Doorstep Project Fund
Realising Ambitions Project Fund
Artistic Directors kund
Ickworlh Volunteers Project Fuiid
SEN Youth Tho.alre
YoulhlLocal Fngagemenl
Head East
Tiny Pl,?ys ProjeLI
Cominissioiiing Circle
Dowiilighlers
Defibrillator
YoLJlh Theatre Production 22123
Covid Reslarl
Small IquipinenlFund
3,934,450
157,9771
14,0001
14,6161
191,0581
3,876,413
16,000
7,.571
34,870
7,997
b,S82
20,000
12,187
105,121
7,997
5,882
20,807
16,5001
1,686
13,910
21.085
11,060
3,075
7,98g
10.000
1,686
8,415
b,uoo
122,3251
13841
25,701
11,060
1,825
5,858
10,000
500
6,780
504
b,000
63
2,500
{1,2501
{7,3621
5,231
500
30,600
10,000
5,000
123,8201
19,4961
11,2871
1,794
1,100
11,7941
11,1001
4,137,336
115,903
1232,9691
4,020,270
Capital Development Project Fund.. In 2002 the Charitable Company launched ils Resloralion Appeal lo raise
£5.1 million lo restore and dtrvelop the Regeiicy Thedlrp Royal BLJI'Y Sl Edmunds. The projeLI cotllmenced in
October 2005, Ihis fund coiilains all the monies raist.d for the project and all the expenses relcTrling lo it. 'I'his
fund is annuall31 depreciating on a slraighl..line basis ovcr the remaiiiing term of the lease.
Capital Btsilp.r Replacement Fund". During 20211?.2 the boiler and Iddialor system was replaco.d. Funding was
provided by Fuyle Foundation. This fund is annually depreciating on a slraiglil-line basis uver five years.
Access Project Fund.. Funding provided by Sl Edmunds Trust towards providing audio described and captioned
performances and for equipment for the visual and hearing iinpaired.
Beyond Walls Fund". Associate Artis15 workinu with Associations and Organi5alion= providing an ongoing series
of projects working with Vulnerable adults both young and old, with disabilities or circumslanlial Iiinilalions.
Funding provided by.. Arts Council England. Funds were fully expendod in Ilip year. 2021/221.. Arts Council
Ingland, Bury Town Council, We51 Suffoll( Council, National LollcJf51 kunding, local Councillors locality funds
Sealing Fund.. Funding towards the refurbishment ol the Theatres ￿eatIng. Funding provided by.. Tlie National
Trust. 2021122.. Funding provided by.. The National Trust.
Black Theatre Live Project Fund. project lo pron7ole and celebrate diversity. Funding provided by.. Tara Arts.
2021/22". Funding provided by.. Tara Arts.
Youth Bursaries Funding.. Funding which enables the provision of Bursaries plaoes for Youlli Theatre and the
Summer S¢hool Production Funding provided by." Alfred Williams Trust and The Theatre Royal Supporters
Group. 20.1122. lunding provided by.. Alfied William: Trust, and The I'healre Royal Supporters fjroup.
30

THk BURY ST ED1￿umDs THEATRE MANAGEMENT LIMITED
{A compaiiy limiled by guarantee and not having share ¢apitall
Notes forming part of tho financial statements for the yoar ended 31 March 2023 (Coiitinued)
17. Funds Icontinuedl
(c) Charity and Group Restric.led Funds (Continued)
Door Slep Project Fund.. Funding towards delivering a Children's Arts Festival lo ?0 schools 3cro<'s East Anglia.
Funding provided by.. Arl8 Council l..ngland, Suffolk Libraries, Wesl Suffolk Council Locality Funds and Theatre
in Education. 2021/22.. Fundinq provided by". Arts Council England.
Realising Ambitions Project fund". Fiiiiding towards ciealing a parlner%hip that brings logplher skills of primary
care staff, educalionalists and arts praclilioners lo inspire and supporl young people in exploriiig wellbLJing
topics. Funding provided by.. the Suffolk C,omtMuiiily Foundation aiid Suffolk County Council. Tliis fund was fully
expended in the year. 2021/21.. Funding provided by.. the Suffolk Community Foundation and Suffolk County
Council.
Artistic Director Fund.. Funds donated during Ilic 200th anniversary year towards local comniunily artistic
projects Grealed by the Artistic Director. Funding provided by pledges fi om individuals. 2021/22.. Funding
provided by,. pledges from individuals.
Ickworlh Volunteers Projec.1 Funds". Funding towards supporliiig Ickworth House engage Ir ddilional visitors
through encouraging the next geneialion of advocates. Funding Provided by.. National Trust. 2021/22.. kunding
provided by.. National Ti'usl.
EN Youth Theatre project". Funding provided towards Ilie setup an(5 crealion of a SEN Youth Thealro Group.
Funding provided by Sl Edmunds-friisl, local couiic.illors locality funds and GeWhii£ 2021122 Fijndiiig provided
by Sl E.dmunds Trust, local councillors locality flind5 and Gewhizz.
YouthlLo¢al Engagement Fund.. funding towards supporting and Ljngaging the local wmmunily. Funding
provided by the Thealres Trust. 2021122 Fuiidiiig provided by Theatres Trust.
Head East Campaign.. Funding towards production of Tourism Films. Funding provided by New Anglia Cultural
Board Mark¢ling Consortium. Funds were fully expended in the year.: 2021122 Funding provided by New Anglia
Cultural Board Marketing Consortium.
Tiny Pliys.. Funding towards the Tiny Plays project which delivers workshops leaching and facililaling 450
childi'en lo write their first play. Fiinding provided by.. Arts Council East.. 2021122 Funding providLd by.. Periscope
and Arts Council East.
Commissioning Circle." Fundiiig provided lo support the commission of the Auluffin 23 production of Wi7ard of
Oz. Funding provided by.. five individuals. Now Fund 2022123.
Downlighlers.. Fuiiding provided lo upgrade Ihe downlighlers throughout the. Thcalre lo bring in liiie with ¢urrenl
fire regulations. Funding provided by.. Theatres Trusl. lunds were fully expended in the year. 202012?.. kunding
provided by.. Theatres Trust.
Defibrillalor.. Funding provided for the provisioii of a defibrillator on the Theatre Royal sile. Funding provided by.,
Bury Abbey Rotary. Funds were fully expende(5 in the year. 2021122.. Funding provided by.. Bury Abbey Rotary.
'Secrel Garden, Produ¢lion.' Funding towards supporting the Young Company in the Theatre Royal Production
of 'Secrel Garden,. Funding provided by." Bury Town Council. New Fund 2022123.
Youth Theatre Production". Funding towards supporting the Young company in the annual Youth Theatre
Production. Funding provided by.. Anglia Suspended Ceilings and Wesl Suffolk Council. 2021122.. Funding
provided by". Anglia Suspended Ceilings.
Shared Prosperity FLind.. Funding towards supporting the Creative Learning delivery for the last quarter of
2022123. Funding provided by '. Wesl Suffolk Council. New Fund 2022123. Funds fully expended in year.
31

T14E BURY ST EDMUNDS THEATRE MANAGEMENT L IThqITED
{A company limited by guarantee and not having share capital)
Notes forming part of tlie firiancial statements for tho year endoti 31 March 2023 (Coiptinued)
17. Funds Icontinuedl
(c) Charity arid Group Restricted Funds (continiied)
Teachers CPD Fund.. Funding toward5 developing and delivering a teachers CPD event. Funding provided by.
Suffolk County Council. New Fund 2022123.
Vulnerable Group5.' Fuiiding towards providing lickels lo the Pantomime for Vulnerable Groups. lunding
provided by.. Bury Town Council. New fund 2022123. Funds fully expended in the year.
Christmas Cabin". Fundino provided towards creating a Clirislmas experience foi. young children in the ARC
shopping area. Funding provided by". Our Bury o?1 Edmunds and Bury Town Council locality funds. New fund
20221?.3. Funds fully expended in the year.
Warm Spaces project.. Funding towards crLaling a warm welcoming environment for the public, once a week
throughout the winter. F.unding provided by". Wesl 8uffoll( Council. New fund 2022123. Fundq fully expended in
the year.
18.Anal Jisls of group net assets between funds
General
Dosignate(I
Ftinds
Restricted
l-uiids
'roldl
2023
Tangik)le fixed assets
Nel ¢urrenl assets
297,886
194,379
25,145
179,719
3,830,495
85,276
4,103,526
459,374
49i,265
204,864
7,915,771
F,61?,900
General Designated
Funds
Funds
Restricted
Trunds
Total
2022
Tangible fixed assets
Ilel rurrenl assets
297,880
174,511
28,224
155,977
3,892,473
127,797
4,218,582
458,280
47?,396
184,201
4,020,270
4,676,867
19.Analysis of charity net assets botween funds
General Designated
Fuiids
Restric.ted
Total
2023
Tangible fixecj assets
Inveslmenls
Nel curreiil assets
297,886
100
194,279
25,145
3,830,495
4,153,526
100
459,274
179,719
85,276
492,265
204,864
3,915,771
4,612,900
General
Funds
Designatod
Funds
Restricted
Funds
Tot(il
Tangible fixed assets
Investmeiils
Nel current a55ets
297,885
100
174,411
28,224
3,892,473
4,218.582
100
458,185
155,977
127,797
472,396
184,201
4.020,270
4,676,867
32

THE BURY ST EDMUNDS THEATRE MANAGEMENT LIKnll FD
IA company limited by guarantee an(S not having share capitall
Noteo forming part of the fin. ncial statements for the year ended 31 March 2023 (Continued)
20.Def&rrttd income (Charity and Group)
2023
2022
Bdlai Ice al 1 April
,Iinounl released in year
Amount deferred in year
310,755
{319,7551
398,904
387,251
1347,2511
319,755
398,904
319,755
DL,ferred income is made up of £348,365 box office receipts and £50,539 deposils received in advance.
2021122.. £240,70S box office receipts and £79,050 deposits received in advanoe.
21.LumMitmonts of Charity & Ciroup undor operatinri leases
Thp lolal future minimum lease payments under non-cancellable operating leases for Plant and Machinery are
as follows..
2023
20A?.
Amounts due..
within one year
belwpen one and five years
2,016
2,016
2,016
4,032
4,032
6,048
The total future minimum lease payments under non-cancellable operating leases for Land and Buildings are as
follows..
2023
2.022
Amounts due..
within one year
between one and five years
After five years
12,500
50,000
841,500
12,500
50,000
850,000
904,000
912,500
22.Contingent Ilability
The Trustees of the National Heritage Memorial Fund INHMFI hold a lega5 charge over the properly occupied
by The Bury Sl Edmunds Theatre Managernenl l_imited for the amount of £1,950,000. This sum becomes
payable under the following Conditions..
A change Df ownership of the whole or parl of the properly
A material change in the slalus of The Bury Sl Edmunds Theatre Management Limited
A deviation from the Approved Purposes or Approved Usage of the HLF grant or
The Bury Sl Edmunds Theatre Management Ltd ceases lo operate due lo ils merger with or the transfer of
ils functions lo another body.
In any of these circurnsl8nces The Bury Sl Edmunds Theatre Management Limited, the new body or new owner
must, within 90 days of the relevant breach. submit a revised application lo NHMF for consideration. This
charge automatically expires on 2 March 2030. The directors consider that these conditions are unlikely lo arise
and as such there is rio probable outflow of funds lo be provided for within these financial slalemenls.
Under group regislralion, the Charitable Company is jointly and severally liable lo Value Added Tax with the
subsidiary company, The Bury Sl Edmunds Theatre Productions Limited. Al 31 March 2023, there was no
33

TIIE BURY ST EDMUML)S THEATRE MANAGLMENT LIMITED
IA company limited by guarantee and not having share capitall
Notes forming part of the financial statements for the year ended 31 March 2023 (Continued)
73.Related party transactions
During the year Ilie following Iransa¢lions look place with The Bury Sl Edmund8 Tliealre Prodiiclions Limited,
who ai"e considerecs lo be a related party of I'hc Bury Sl Fdmuiids Theatre managerne.nl Liniiled as a wholly
owned subsidiary.
2023
Costs recharged
Management charges paid
Owed by BqE Theatre Productions Limited
633,1jl 5
477,174
209,015
526.503
473,469
62,605
21.Recoiiciliatioii ot net Inuvempnt in lunds to net iriflow from operatiiig i*Ctivity
2020
2022
Nel Inuvemenl in funds
Interest received
Dpprecialioii
Iln¢re.dsellde¢rL'ase in stock
IOe¢rpasel iii cleblors
Increaselldecredsel in creditors
163,9671
13,8931
KO,992
8,778
1171,3941
g6,601
1140,5811
12141
76,600
114,5221
89,592
40,586
Nel rasli flow from operating activities
162,11831
51,461
25.P.nalysis of chang(Js in nct fvnds
2022
Cash Flow
2023
Cash al baiik and in hand
873,119
164,9261
808,193
26.AgenLy arraiigements
The Charitable Coinpany ?cl.'
as an agent providing box office serdices in ihe year for other enlilies, the
following Iransa¢lions have taken place in the year.
?.023
2022
Collected
Fees ¢l)arged
Amovnl included in crodilors at 31 March
49,038
2,759
32,741
7,458
658
3,232
34