**REGISTERED COMPANY NUMBER: 00699933 (England and Wales) REGISTERED CHARITY NUMBER: 245054** **Report of the Trustees and** **Financial Statements** **for the Year Ended 31 July 2025** **for** **The Crescent Theatre Limited** Locke Williams Associates LLP Chartered Accountants Registered Auditors Studio 2 50-54 St Pauls Square Birmingham West Midlands B3 1QS **The Crescent Theatre Limited** **Contents of the Financial Statements for the Year Ended 31 July 2025** ||**Page**| |---|---| |**Reference and Administrative Details**|1| |**Report of the Trustees**|TBA| |**Report of the Independent Auditors**|TBA| |**Statement of Financial Activities**|10| |**Balance Sheet**|11 to 12| |**Cash Flow Statement**|13| |**Notes to the Financial Statements**|14 to 22| |**Detailed Statement of Financial Activities**|23 to 24| **The Crescent Theatre Limited** **Reference and Administrative Details for the Year Ended 31 July 2025** **TRUSTEES** K Middleton (Chairman) Mrs J Cunningham (resigned 4.2.25) S Davis (Treasurer) Mrs J P Blackwood Miss E R Plumpton Mrs J J J Thurston (resigned 4.2.25) Miss K Maynard A M P Davenport (resigned 4.2.25) Mrs R A Snape Mrs V E Dean A Elkington D C A Johnson (co-opted) (resigned 4.2.25) R A Duddin (co-opted) (resigned 4.2.25) R V Natkiel Director (appointed 19.8.24) S C Message (appointed 13.8.25) P W Hodgetts (Secretary) (appointed 4.2.25) ## **PATRON** We acknowledge Ruby Turner as our president during the year and thank her for her support. |**COMPANY SECRETARY**|P W Hodgetts| |---|---| |**REGISTERED OFFICE**|20 Sheepcote Street| ||Birmingham| ||West Midlands| ||B16 8AE| |**REGISTERED COMPANY**|00699933 (England and Wales)| |**NUMBER**|| |**REGISTERED CHARITY**|245054| |**NUMBER**|| |**AUDITORS**|Locke Williams Associates LLP| ||Chartered Accountants| ||Registered Auditors| ||Studio 2| ||50-54 St Pauls Square| ||Birmingham| ||West Midlands| ||B3 1QS| |**PRINCIPAL OFFICERS**|K Middleton - Chairman| ||S Davis - Treasurer| |**SENIOR EXECUTIVE TEAM**|J Booth – Theatre Manager| ||J Harper – Technical Manager| ||G Bouhayed – Accounts Administrator| ||Luke Sheppard – Front of House Supervisor| Page 1 ## **The Crescent Theatre Limited** ## **Statement of Financial Activities for the Year Ended 31 July 2025** |**31.7.25**
**Unrestricted**
**fund**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**14,381**
**Charitable activities**
4
Charitable activities
**884,861**
Investment income
3
**4,284**
Other income
5
**77,425**
**Total**
**980,951 **
**EXPENDITURE ON**
**Charitable activities**
6
Own productions
**334,639**
Theatre hire & facilities
**621,470**
Governance
**4,300**
**Total**
**960,409**
**NET INCOME**
**20,542**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**398,893**
**TOTAL FUNDS CARRIED FORWARD**
**419,435**|31.7.24
Total
funds
£
13,347
628,068
4,920
53,007
699,342
226,721
421,055
3,455
651,231
48,111
350,782
398,893| |---|---| ## **CONTINUING OPERATIONS** All income and expenditure has arisen from continuing activities. The notes form part of these financial statements Page 10 ## **The Crescent Theatre Limited** ## **Balance Sheet 31 July 2025** |Notes
**FIXED ASSETS**
Tangible assets
13
**CURRENT ASSETS**
Stocks
14
Debtors
15
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
16
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
17
Unrestricted funds
**TOTAL FUNDS**|**31.7.25**
**Total**
**funds**
**£**
**81,807**
**8,101**
**42,827**
**597,835**
**648,763**
**(311,135)**
**337,628**
**419,435**
**419,435**
**419,435**
**419,435**|31.7.24
Total
funds
£
75,115
4,224
18,854
556,362
579,440
(255,662)
323,778
398,893
398,893
398,893
398,893| |---|---|---| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025. The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an audit of these financial statements. The trustees acknowledge their responsibilities for - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. The notes form part of these financial statements Page 11 **The Crescent Theatre Limited** ## **Balance Sheet - continued 31 July 2025** These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. K Middleton - Trustee The notes form part of these financial statements Page 12 ## **The Crescent Theatre Limited** ## **Cash Flow Statement for the Year Ended 31 July 2025** |Notes
**Cash flows from operating activities**
Cash generated from operations
21
Net cash provided by operating activities
**Cash flows from investing activities**
Purchase of tangible fixed assets
Sale of tangible fixed assets
Interest received
Net cash (used in)/provided by investing activities
**Change in cash and cash equivalents**
**in the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end**
**of the reporting period**|**31.7.25**
**£**
**55,797 **
**55,797 **
**(18,608)**
**-**
**4,284 **
**(14,324)**
**41,473**
**556,362 **
**597,835**|31.7.24
£
153,379
153,379
(500)
98
4,920
4,518
157,897
398,465
556,362| |---|---|---| The notes form part of these financial statements Page 13 **The Crescent Theatre Limited** ## **Notes to the Financial Statements for the Year Ended 31 July 2025** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Principal activities** The nature of the charity's operations and principal activities are to promote, maintain and improve and advance education, particularly by the production of educational plays and the encouragement of the Arts, including the arts of drama, dramatic authorship, mime, dancing, singing and music to formulate, prepare and establish schemes thereof including the provision of a library and reading room. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. No amount is included in the financial statements for volunteer time in line with the SORP (FRS 102). - Voluntary income by way of grants, donations and gifts is included in full in the Statement of Financial Activities when receivable and when the amounts are known with certainty and are measurable. - Grants, where entitlement is not conditional on the delivery of a specific performance by the charitable company, are recognised when it becomes unconditionally entitled to the grant. - Grants, where related to performance and specific deliverables, are accounted for as the charitable company earns the right to consideration by its performance. - Where income is received in advance of performance it is treated as deferred income and included within creditors. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. ## **Allocation and apportionment of costs** All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity comprise both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Charitable expenditure comprises those costs incurred by the charitable company in the delivery of its activities and services for its beneficiaries. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charitable company and include audit fees and costs linked to the strategic management of the charitable company. ## **VAT** The charitable company is partially exempt for VAT. Value added tax which is not recoverable by the charitable company is included in the relevant costs in the Statement of Financial Activities and tangible fixed assets. Page 14 **The Crescent Theatre Limited** **Notes to the Financial Statements - continued for the Year Ended 31 July 2025** ## **1. ACCOUNTING POLICIES - continued** ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |Improvements to property|- Straight line over 20 years| |---|---| |Theatre and production equipment|- Straight line over 7 years| |Fixtures and fittings|- Straight line over 7 years| |Computer equipment|- Straight line over 3 years| The charitable company capitalises fixed assets over a value of £300. ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. ## **Debtors and creditors receivable/payable within one year** Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. ## **Recognition of liabilities** Liabilities are recognised when an obligation arises to transfer economic benefits as a result of past transactions or events. ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **Going concern** The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. Page 15 **The Crescent Theatre Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 July 2025** ## **2. DONATIONS AND LEGACIES** |Donations
**3.**
**INVESTMENT INCOME**
Deposit account interest
**4.**
**INCOME FROM CHARITABLE ACTIVITIES**
Box office, touring and programmes
Theatre and facilities hire
Bar and catering operations
Subscriptions
**5.**
**OTHER INCOME**
Other sundry income
**6.**
**CHARITABLE ACTIVITIES COSTS**
Own productions
Theatre hire & facilities
Governance|Direct
Costs (see
note 7)
£
**49,570**
**92,058**
**-**
**141,628**|**31.7.25**
**£**
**14,381 **
**31.7.25**
**£**
**4,284 **
**31.7.25**
**£**
**178,078**
**492,285**
**201,854**
**12,644**
**884,861 **
**31.7.25**
**£**
**77,425**
Support
costs (see
note 8)
£
**285,069**
**529,412**
**4,300**
**818,781 **|31.7.24
£
13,347
31.7.24
£
4,920
31.7.24
£
181,662
267,331
165,422
13,653
628,068
31.7.24
£
53,007
Totals
£
**334,639**
**621,470**
**4,300**
**960,409**| |---|---|---|---| Page 16 **The Crescent Theatre Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 July 2025** ## **7. DIRECT COSTS OF CHARITABLE ACTIVITIES** |Production costs
Bar purchases
Irrecoverable VAT|**31.7.25**
**£**
**66,167**
**70,959**
**4,502 **
**141,628**|31.7.24
£
79,018
54,122
4,925
138,065| |---|---|---| ## **8. SUPPORT COSTS** |Own productions
Theatre hire & facilities
Governance
Own productions
Theatre hire & facilities
Governance|Premises
Staff
costs
costs
£
£
**109,402**
**147,394**
**203,177**
**273,731**
**-**
**-**
**312,579**
**421,125**
Finance
Governance
costs
costs
£
£
**5,249**
**-**
**9,748**
**-**
**-**
**4,300**
**14,997 **
**4,300**|Office
costs
£
**23,024**
**42,756**
**-**
**65,780**
Totals
£
**285,069**
**529,412**
**4,300**
**818,781**| |---|---|---| Where support costs can be specifically identified as being related to an activity they have been allocated on that basis. All other support costs have been allocated to activities on a percentage basis that reflects where the expenditures have been incurred. Support costs, included in the above, are as follows: |Own
productions
activities
£
Rent
**53,324**
Rates
**389**
Insurances
**10,145**
Heat, light and water
**30,775**
Repairs and
maintenance
**10,909**
Security costs
**496**
Cleaning
**1,733**
Sundry expenses
**1,631**
Salaries and wages
**139,437**
Social security
**6,206**
Pensions
**1,751**
Telephone
**887**
Stationery and general
printing
**1,404 **
Carried forward
**259,087**|Theatre
hire &
facilities
Governance
£
£
**99,030**
**-**
**723**
**-**
**18,842**
**-**
**57,152**
**-**
**20,261**
**-**
**921**
**-**
**3,219**
**-**
**3,029**
**-**
**258,955**
**-**
**11,525**
**-**
**3,251**
**-**
**1,646**
**-**
**2,606**
**-**
**481,160**
**-**|**31.7.25**
31.7.24
Total
Total
activities
**£**
£
**152,354**
**44,000**
**1,112**
**(5,241)**
**28,987**
**23,352**
**87,927**
**90,354**
**31,170**
**18,463**
**1,417**
**3,397**
**4,952**
**5,240**
**4,660**
**5,163**
**398,392**
**244,825**
**17,731**
**9,369**
**5,002**
**2,937**
**2,533**
**1,587**
**4,010**
**3,269**
**740,247**
**446,715**| |---|---|---| Page 17 ## **The Crescent Theatre Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 July 2025** ## **8. SUPPORT COSTS - continued** |Own
productions
activities
£
Brought forward
**259,087**
Computer expenses
**8,310**
Irrecoverable VAT
**900**
Legal and professional
fees
**337**
Licence and
subscriptions
**7,015**
Depreciation of tangible
fixed assets
**4,171**
Bank charges
**5,249**
Auditors' remuneration
**-**
**285,069**|Theatre
hire &
facilities
Governance
£
£
**481,160**
**-**
**15,433**
**-**
**1,672**
**-**
**625**
**-**
**13,029**
**-**
**7,745**
**-**
**9,748**
**-**
**-**
**4,300**
**529,412**
**4,300**|**31.7.25**
31.7.24
Total
Total
activities
**£**
£
**740,247**
**446,715**
**23,743**
**18,854**
**2,572**
**2,814**
**962**
**1,007**
**20,044**
**16,423**
**11,916**
**11,580**
**14,997**
**12,318**
**4,300**
**3,455**
**818,781 **
**513,166**| |---|---|---| ## **9. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): |Auditors' remuneration
Depreciation - owned assets|**31.7.25**
**£**
**4,300**
**11,916**|31.7.24
£
3,455
11,580| |---|---|---| ## **10. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 July 2025 nor for the year ended 31 July 2024. ## **Trustees' expenses** Reimbursements of £3,240 were made to nine Directors in the year (2024 - £501) for purchases made on behalf of the charitable company. ## **11. STAFF COSTS** |Wages and salaries
Social security costs
Other pension costs|**31.7.25**
**£**
**398,392**
**17,731**
**5,002 **
**421,125**|31.7.24
£
244,825
9,369
2,937
257,131| |---|---|---| Page 18 **The Crescent Theatre Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 July 2025** ## **11. STAFF COSTS - continued** The average monthly number of employees during the year was as follows: |Technical Support
Front of House
Management and administration
Cleaners|**31.7.25**
**12**
**21**
**8**
**3**
**46**|31.7.24
10
6
7
2
25| |---|---|---| No employees received emoluments in excess of £60,000. In addition to the above paid staff, there are a large number of volunteers who assist duty staff with ushering and catering tasks and the technical team with event presentation. The total amount of employee benefits received by key management personnel is £140,950 (2024 - £121,122). The charitable company considers its key management personnel comprises of 5 individuals, being Theatre Manager, Deputy Theatre Manager, Technical Manager, FoH Supervisor and Accounts Administrator. ## **12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** All income and expenditure for 2024 related to unrestricted funds. ## **13. TANGIBLE FIXED ASSETS** |Improvements
to
property
£
**COST**
At 1 August 2024
**219,016**
Additions
**-**
At 31 July 2025
**219,016**
**DEPRECIATION**
At 1 August 2024
**172,267**
Charge for year
**2,862 **
At 31 July 2025
**175,129**
**NET BOOK VALUE**
At 31 July 2025
**43,887 **
At 31 July 2024
46,749|Theatre
and
production
equipment
£
**59,428**
**15,704 **
**75,132 **
**32,540**
**8,179**
**40,719**
**34,413**
26,888|Fixtures
and
fittings
£
**25,499**
**1,966**
**27,465**
**24,857**
**343**
**25,200**
**2,265**
642|Computer
equipment
£
**5,976**
**938**
**6,914**
**5,140**
**532 **
**5,672**
**1,242**
836|Totals
£
**309,919**
**18,608**| |---|---|---|---|---| |||||**328,527**| |||||**234,804**
**11,916**| |||||**246,720**| |||||**81,807 **| |||||75,115| All fixed assets are held for charitable purposes. Page 19 **The Crescent Theatre Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 July 2025** |**14.**
**STOCKS**
Stocks
**15.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
Prepayments and accrued income
**16.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Other creditors
Accruals
Deferred income - hire deposits in advance
**17.**
**MOVEMENT IN FUNDS**
At 1.8.24
£
**Unrestricted funds**
General fund
**398,893**
**TOTAL FUNDS**
**398,893**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**980,951**
**TOTAL FUNDS**
**980,951 **|**31.7.25**
31.7.24
**£**
£
**8,101 **
4,224
**31.7.25**
31.7.24
**£**
£
**17,066**
1,624
**2,748**
753
**23,013**
16,477
**42,827**
18,854
**31.7.25**
31.7.24
**£**
£
**116,475**
139,954
**43,229**
22,239
**40,905**
28,208
**12,740**
13,400
**97,786**
51,861
**311,135**
255,662
Net
movement
At
in funds
31.7.25
£
£
**20,542**
**419,435**
**20,542**
**419,435**
Resources
Movement
expended
in funds
£
£
**(960,409)**
**20,542**
**(960,409) **
**20,542**| |---|---| Page 20 ## **The Crescent Theatre Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 July 2025** ## **17. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |At 1.8.23
£
**Unrestricted funds**
General fund
350,782
**TOTAL FUNDS**
350,782
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
699,342
**TOTAL FUNDS**
699,342|Net
movement
At
in funds
31.7.24
£
£
48,111
398,893
48,111
398,893

Resources
Movement
expended
in funds
£
£
(651,231)
48,111
(651,231)
48,111| |---|---| ## **18. TAXATION** As a charitable company, The Crescent Theatre Limited, is exempt from tax on income and gains falling within section 478 of the Taxes Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen within the charitable company. ## **19. MEMBERS LIABILITY** Every member of The Crescent Theatre Limited undertakes to contribute to the assets of The Crescent Theatre Limited in the event of the same being wound up while they as a member, or within one year after they cease to be a member, for payment of the debts and liabilities of The Crescent Theatre Limited contracted before they cease to be a member, and of the costs, charges and expenses of winding up and for the adjustment of the rights of the contributors amongst themselves, such amount as may be required not exceeding 12 ½p. At 31 July 2025 there were 250 members of the company (2024 - 260 members). ## **20. RELATED PARTY DISCLOSURES** The Crescent Theatre Limited operates from a building leased from The Crescent Theatre Trust Limited, a separately owned and managed company and registered charity. One director of the company was a trustee of The Crescent Theatre Trust Limited during the year. Rent is charged by The Crescent Theatre Trust Limited to The Crescent Theatre Limited for use of the building amounting to £24,000 (2024 - £24,000). At the year end there was a balance of £2,748 (2024 - £753) owing from The Crescent Theatre Trust Limited. During the year The Crescent Theatre Limited paid £132,294 to the Old Rep Theatre Limited, a company limited by guarantee, whose directors are also trustees of the charity. Old Rep Theatre Limited (ORT) holds a 15 year lease on The Old Rep Theatre, Station Street, Birmingham. ORT has asked the charity to operate the building on its behalf. ORT costs, such as rent and utilities will be passed on to the Charity on a cost plus 1% basis. Any operating surplus will be retained by the charity. Page 21 **The Crescent Theatre Limited** ## **Notes to the Financial Statements - continued for the Year Ended 31 July 2025** |**21.**|**RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM**|**OPERATING ACTIVITIES**|**OPERATING ACTIVITIES**| |---|---|---|---| |||**31.7.25**|31.7.24| |||**£**|£| ||**Net income for the reporting period (as per the Statement of**||| ||**Financial Activities)**|**20,542**|48,111| ||**Adjustments for:**||| ||Depreciation charges|**11,916**|11,580| ||Interest received|**(4,284)**|(4,920)| ||(Increase)/decrease in stocks|**(3,877)**|70| ||(Increase)/decrease in debtors|**(23,973)**|5,799| ||Increase in creditors|**55,473**|92,739| ||**Net cash provided by operations**|**55,797 **|153,379| ## **22. ANALYSIS OF CHANGES IN NET FUNDS** ||At 1.8.24|Cash flow|**At 31.7.25**| |---|---|---|---| ||£|£|**£**| |**Net cash**|||| |Cash at bank and in hand|**556,362 **|**41,473**|**597,835**| ||**556,362 **|**41,473**|**597,835**| |**Total**|**556,362 **|**41,473**|**597,835**| Page 22 ## **The Crescent Theatre Limited** |**Detailed Statement of Financial Activities**||| |---|---|---| |**for the Year Ended 31 July 2025**||| ||31.7.25|31.7.24| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|**14,381**|13,347| |**Investment income**||| |Deposit account interest|**4,284**|4,920| |**Charitable activities**||| |Box office, touring and programmes|**178,078**|181,662| |Theatre and facilities hire|**492,285**|267,331| |Bar and catering operations|**201,854**|165,422| |Subscriptions|**12,644**|13,653| ||**884,861**|628,068| |**Other income**||| |Other sundry income|**77,425**|53,007| |**Total incoming resources**|**980,951**|699,342| |**EXPENDITURE**||| |**Charitable activities**||| |Production costs|**66,167**|79,018| |Bar purchases|**70,959**|54,122| |Irrecoverable VAT|**4,502 **|4,925| ||**141,628**|138,065| |**Support costs**||| |**Premises costs**||| |Rent|**152,354**|44,000| |Rates|**1,112**|(5,241)| |Insurances|**28,987**|23,352| |Heat, light and water|**87,927**|90,354| |Repairs and maintenance|**31,170**|18,463| |Security costs|**1,417**|3,397| |Cleaning|**4,952**|5,240| |Sundry expenses|**4,660**|5,163| ||**312,579**|184,728| |**Staff costs**||| |Salaries and wages|**398,392**|244,825| |Social security|**17,731**|9,369| |Pensions|**5,002 **|2,937| ||**421,125**|257,131| This page does not form part of the statutory financial statements Page 23 ## **The Crescent Theatre Limited** |**Detailed Statement of Financial Activities**||| |---|---|---| |**for the Year Ended 31 July 2025**||| ||31.7.25|31.7.24| ||£|£| |**Staff costs**||| |**Office costs**||| |Telephone|**2,533**|1,587| |Stationery and general printing|**4,010**|3,269| |Computer expenses|**23,743**|18,854| |Irrecoverable VAT|**2,572**|2,814| |Legal and professional fees|**962**|1,007| |Licence and subscriptions|**20,044**|16,423| |Depreciation of tangible fixed assets|**11,916**|11,580| ||**65,780**|55,534| |**Finance costs**||| |Bank charges|**14,997**|12,318| |**Governance costs**||| |Auditors' remuneration|**4,300**|3,455| |Total resources expended|**960,409**|651,231| |**Net income**|**20,542**|48,111| This page does not form part of the statutory financial statements Page 24