Charfty regl•tr4tlon numb•r 247D05 Compthy rngl•tratlon numb¢r 00646151 (England •nd Wal•il GEORGIAN THEATRE (RICHMOND) TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Tru¥te¢$ Mrs K Field The Hon. C Stanley Mr M J Robinson Mr J Brown Lord Cralhome Mr C Grant M$ A Shields Honornry Secretary Mrs P Ka55ell Honornry Tr•asur•r Mr M Roblnson Patrons HIS Malesty ChaTles11! and Her Majesty Queen Camilta Prnsld•nt Dame Judl Danch Chalmi*n Mr C Grant Ch•rfty numb•r 247005 Company numb•r 00648151 Prlnclpal addres• Vlcloria Road Richmond North Yorkshire DL10 4DW R•gl•tsrnd offl¢• cioria Road Richrnond North Yorkshire DL10 4DW Audltor Xolnadln Audit Ltmhed Oak Hse Market Place Bedale North Yorkshire DL8 1AQ Bank•v8 CAF Bank Ltd 25 ng$ Hill Avenue Klngs Hlll West Malling Kent ME19 4JQ Inv•8tmbnt advisors Brewin Dolphin Lirnited 12 Smithfield Street London EC1A9BD
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED CONTEMrs Pag• Trusl8e8' report Statsment of twslee8' rgspon8Sbillllès Indapend•nt audi6 roport 7-10 sial•menl of flnandAI actlvlll•8 11 8Alanc4 8heel 12 Not•• lo th• flnanclal •18lemenli 13-24
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The tru$l•e8 pre8ent thelr annual r8POrt and ftnane481 stalemgnts for thg year ended 31 March 2024. The ffinan¢lal $talemen18 have been prepared in accordance wilh the 8ceounllng policies sel out In note 1 to the flnancSal statements and comply with the charity's Memorandum and Artide8 of Assooation. the Comp8nSes Aci 2006 and "AccounlSng and RaporJng by CharfUos.' Slatemenl of Recommended Practice applicable to chorf1I88 praparfng Ih&lr gccount8 In ats>)rdanc8 wllh the FlnancAg1 Reporting Standard applicèblè in tha UK and Republlc of Ir•land IFRS 1021" {eff8cllve 1 January 2019). ObJ•ctlv•¥ and •¢ttvlO•• Th• tharlV8 oble¢t8 are the m8nagom•nl of th• Georglan Theatre. Rlchmond. North York8hlre, lo re•lor8 #nd pr8s8ry0 the bulldlng, and to odv8nc& aducallon by entrjuraglng and promollng thè study, kn¢)wled9•. under8landlng and appred8llon of Dramatlc Art. In partlcular al the bulldlng known a8"Thg Georgian The8lre" In th8 town of Rl¢hmond. North York8hlre. Th• tntJle88 hav• pald duo regard lo quldonce i•su•d by tho Charfty Cornmlsslon In deddlng whjl &cll%AII08 th• chadty 8hould undertfjke. Georgl•n Th&alre (Rlchmond) Tw8t Llmiled 8x1818 lo pr•8erv• The Georglan Thaalre Royal for the benefit of the nallon and as o 8t6 of hl8lorfcal Interest. The Georglan Th&alrè Royal 18 the only 6urylwng ex8mpla of an olghleènlh century county playhou8& and as 8uth18 a liwng theatre museurn. VI•1¢ and Aotlvltl•• The 9on ol the ¢h8rfly18 to prode o range of opportunltlos for people across all age provp8 lo experf8nee, l&arn abtsul and enjoy The Georglan Thèatrè Royal and lo undèrstand ils hlstorlc context, 118 unloue 81gnlfinC8, and ilB ¢onlrfbullon lo modem day Iheatro. Tho 61gnlficanl dvllle8 undertaken lo 8thiove this v181on Includ¥ the dellv8ry of Youth Thèalro Ms8lon8- 10 100 young people per woek- pro¥Adlng th& membeis tralnlng In all are8s ol thaalrg nd 81oge crafl. Th•re are also lols ol p8rformanca opportunltles lor yiwng people, whlch indude worklng wllh local ichools. perfomilng In the In-house p8nlomlme. And partnershlp work wlth local organisguons. Thè Th•alre further prOdeS edu¢pllon through Ils pvrpose a8 a museum whgr?11 pre8eN68 and exhlblls icen•ry, plgybllls. 8rKI InlormUon fmm elghte8nlh and nineleenlh century thegtre 10 8duc8le and entertain Ihtr public. The Gtrorglan The•tre Royal ha8 Art8 Coundl museum accredllg1Son. For mo81 of th8 y08r the Theatre'8 dedlcaled te#m of volunteer gulde8 offer8 UP to 36 UrS per weBk, allowlng 8cce88 to numerous vl8ll0r$ and groups, Includlng toud$l8. udents, 8odellei, and memb•T3 of the local communtty. Th• chartiy's mi•¥lon IB lo bulld on pa818utte88 In Consen9 and developing Th& Gèorglan The8tr• Royal 8$ A d18Unctlvo Ih•atra wlth somethlng eXlIng for everyone. Th18 58 o¢hleved through imaglnallve and creallve appro8che8 toloamlng, lour18m and our Georglan herttsge whllo conlinulng lo pro8 a v8rl•d artislic prograrnme. Tho Georglan Th¢4tra Royal produ¢e8 an 8nnu?I prograrnmo of bolh prof8581onal and communlty work that l¥ both dIr$? and of hlgh qualty. The Company provfjdai An anlert8ln5ng mlx of acts and events acro88 all art forrr$ w oompanylng outreach, work8hcp8, and educallon act1119¥ where po¥8lble, The ¢*#rity offers an opportunlty lo the ¢ommunity lo particlpala in parformanee8 through the Youth Theatre, local 8chool$, 8nd through local fasllval8 In a hl¥tortG lheat $upported by profe88lona18 in th& thtro bu81ne88.
GEORGIAN THEATRE IRICHMOND) TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Achlev•ments and perfornwnc• The main aim of the 2023r24 financial year was to sustain and build Dn the increased income generation from the tharity's eamed Irwjme. Teducing the naed for Support funding. Substantial progress has been made in Ihis objectpie since 2016. where Ihe gap betsyeen income and expenditure has closed significantly. The Theatre's new auditorium sealing and improved assels provtde the platt0 far an increased and more diverse range of adimties. and Incrgased revenuè. Posllive feedback has been receiv9d throughout the year for all public aaS ol the the81, induding excellent feedback for'Th8 Georgian Theatre Experience. touis a¥ well as live performanc8s. Audiences have enjoyed a wide varioty of perfonn8nces from a laigo array of companies. including The John Godber Company, Elysium Theatre Colledve, Lucy Adlinglon, and Oui Stsr Theatre Co- to name but 8 few. We have added an additional Amateur perfomiance company to the programme. with Tre Castle Players now taking to the Georgi8n Sta - they performgd a wonderful show calle(1 Our Town. which sold out for iwo perfomaneas. As w&ll as our usual 81aples of Richrnond Amateur Orarnalic Souety wilh Whisky Galore and Macbeth and Rkhmond Operatic Society who performed their Centenary Concert and HMS Pinalore. The ThtrO On again hc8led some wonderful productions from Rithmond School and Sth F¢m, indudlng exam pleces and pgrfomiances from their drama club. Mowbray School - local prlmary school that cares for childr8n leaming d6ffiCU88- performed a lovety Serles of choral songs. They are already booked In for another show In 8aty 2025. Th& IrhoUse pantomime thls ygar wgs 'Rapunzel'. which was extremety welkreceived by audiences #nd brok8 box offi¢8 rswrds again. Nlck O'connor not only wrote the script, bul relumed as the dame. and Ihere wa$ a mix ol provlous performers and newcomers to the Georgian as well as the Youn9 Company who as usual were an 9xcellenl team of10¢81 perfomiors. Youth Theatre members have been vary Active enjoying regular sessions and addFUonal guest workshops. They worked tirelessly to ensure $01Sd productions of theiT six shows. The senior group Igckiing Some thought provoking plays th81 looked at both the good and bad influerbce of soctal media as well as a pirate themed show for the Juniors. Th& largest of the Ytsulh Theatre classes are the Musical Theatre groups who performad a beautiful show alled Ohl Be My Mu8vical which ran for Iwo nights and sold extremelywell. They go from strength to slrength. The Georgian Theatre Royal continues to play a vital part In the artisllc and sooal lives of the various cornmunilles il serves. We rernain gf81eful to the support received from our Friends, and for Ihe partnership working we undertake th lo1 attractions and communlty groups. The many and vartod achlevemenis continue to bè dèlivgrad by a committed and passionale Igam ol staff and volunteers at The Georgtan Theatre Royal. ThefÈ are currenuy eight members of stsff and 90 volvnleers who work tireles81y lo deliver the Theatre's educational. ojllural and herilage provtsion. Tho team is 8upported by 8 most engaged and re80urcgful Board of Trus18es. 11 is through the dedication and hard work of all Ih05e involved 81 Thè Georgian Theatre Royal Ihat the charity's objectives continue lo be fulfilled. and the board, staff and volunl88rs may bg 6gen as an extended le8m who trnly love this unlque thealro. Fln•n¢lal Mvléw The Statement of FSn8ndal Activill&$ shows net expenditure for the period of £130.425 {2023'. net expendllurè of £72,558). Indudlng totsl Inve¥lrn&nt galns of £20.49412023'. net108ses of £10,854). The unrestricted fund recordad nel &xpendllure Ibefore transfers and investment gains) of £120,899 {2023.. £83,659). Total funds al 31 March 2024 were £1,094.270 ojmpared lo £1,224,695 in 2023, In¢ludlng resldcied lunds of £80,739 (2023.. £112,991) and unrostricted fund8 of £1,013,531 12023: £1,111,704). The piinclpal fvnding sources of the tharity In the year were: Don8llons and voluntary Income of £56,874. box office incomtr of £248,136 and proled grant Sncomè of £34.100. The grartt ino)mo was primarily provided by Syfvia Cralhome Memorfal Trust lo ffin8n¢è tho gmploym9nt costs of the Chlel Executive. Thg SUPPOrt of our grant providers and prlvate donors 1$ essenllal to supplement th9 8ox Office Income and enablg thg Gharity to provide a thverse and hSgh quallty programmo.
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 11 1$ the pollty of th• charfty that unre8lrlcted fund8 whlch have not been deBSgnaled for a SpefiC us& Should be malntalned at 8 level equivaienl lo be09n three and slx month's expendlture. The Iruslees considers that re8erves al Ihl8 level will on$ure that. in the event of a 819nlficanl drop in fundlng. Ihey will be able lo continue the charfty'8 current adlMtte$ while con51d8ralion18 glven to way8 In whlch addlllonal fund8 may be ralsed. Thls levgl of reserve8 ha8 been malntalned thToughoth Ihg year. Inv••trn•nt Pollcy The 8Dard of Tru810g¥ hav8 delegated ded8ion maklng on Inveslmenl m8118rs lo the Chief Executive and thè Hon. Treasurer who meet with th• TN81'8 Investment manag8r8 al least annualty lo di$¢u$$ the perftsmance. The TN81'8 Investment Polley18 rethwwed by the Flnance Committee and approved by the Boafd ofTrustg95 annually. The cashfl¢)w for•eABI IA revlewed regularfy lo en8ur8 Ih6re18 suffldenl Ilquldlty for operational neeils. A 8ignifi¢onl part of thg Tru$l'8 08$•1818 Invested through118 InStmen1 managers for the long tgrm on a 10181 relum approach. In dlver81fled r8ng• of assel da8sa$. The aim Is lo g6nerale 8 eapllal ralum over th& long term and after 8xpèn$as of al least Ihg RPI In ordgr to maintsln the real value of the Tru81'8 08$¢18. The Invoslm8nl managgrs 8180 alm lo el l•a8t match Ihe F•rform8nca oftho fflalor btrnchm•rk Indlces and Ihelr own composllfj bgnthmark. Rl•k factorn The chorfty's fundral$lng campalgn-'A Lllng Th•alre'. Give for Then. Now and Tomorrow'_ continued throughout the year and donor8 malntalned th•ir generous monthly donallon8. Ca8h flow remalns stablg and ¢onlinug8 lo be a focu8 for the Flnance Commlttee. The Fulvre Funding Group. a sub-commi11g8 of the Board, conllnues lo actlvely seek lundralfjlng opportunities lo wnsure tha defldl gap for•ca8t from beyond 2026 wlll be fl11gd. The Import8ncg of18go¢108 W88 highllghlad dudng the y•ar and a le9acle8 drfv• li Unde9Y Ihrough the 8allOn ol brocure. Cople8 are 8vollabl• 81 the Theatro and hav• b•on dlslribul•d lo local 8011cllois. An InformalSon 8venl IJ In th• plannlng Stage wlth local $oll¢Rori to bo held 41 th• Thoalrn. Phn• for futur• p•rfod• Th• Tw8l•es have IJl8CU88od Ihglr vl8lon and 8mblllon for how the Theatre Should devglop over th• néxt l•n y•ar8 and are curfentty looklng al gn9rgy co¥1 savSng inlli•llve8 and loM8rd p18nnlng for iep8lr8 and mainlenan. North Yorkshlre Coundl UK Shared Pr08pedly Fund has reGgnlly ¥upported 8 fe8sibllily study Into the polenli81 of In8ulgtlng th8 audllorfum loft sp4e8. and the 81udy18 ongolng. In Aprfl 2024, a large 'expression of Inlere81' ha8 gone Into The Art8 Coun¢S1'# Rtsund 4 MEND fund for fundlng lo cover conslderable works requlred In th& toilet and foyer area and other bulldlng malnlgnance. Keeping In Ilne wbth the current Ihree&y•ar 8u$iness Pl¥n 1202>20201 th• theatr• ¥lm8 to progr•s$ IhSs vIon by focusBlna on th• followlng key aroal ov8r th• three year$.. Profll•: RalBO Iho pmfil• locally, r•glonally, and n4llonally through the Art1811c Programme, P8rtnership8 gnd a solid Marketbng Strategy. P•opl•: Ensure w• have 00h p•ople wllh the dghl 8klll8 on tha Staff Team and among81 Ihe Volunteers and Trustee8. Bulldlng: Malntsln the hlslodc buSldlng. Improvg Envlronrngnlal Suslalnablllly, and further explore Ihe polenlial for Capltal workl projec18 on Ihe tollet and foyer area lo improve th& 8110[ experlence and Inuease commfjrcial Income. Flnanclal 8u8talnablllty: Inu8ase &xSstbng 8amed Incom8 straAms. Idgnttfy now onas, and lo£ on Inueaslng regular glvlng. donalon8 and legacles.
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) ICONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structurni qoYMrnanc• nd man•gemont The ¢harity18 a company Ilmited by guarante8. and 1$ go¥wnod by a IAemoranthJm and Artidès of AssocIan. The tru8te•i. •r• 4180 the tJlr•dor¥ Ihe pwpos• of coftpAny I, wtho s•nffjd during the year up lo thg dat• olgnature ofts Ilnandal slalernwts were: Mr M J Bryant Mrn K Fleld The Hon. C SlanFey Mr N Tooze Mr M J Robln8on Mr J Bfown Lord Cr8thome Mr C Grnnl Ms A Shleldi {R88igned 28 Juty 2023) {R•sgned 28 JY 2023> The board of truste h•s the p(yr to appolnl addiUonal tru8lee8 as rt conskleTS 4pproprt81è. None of th8 Iru8tee8 any beneffldal Int•resl Sn Ihg ¢ony•ny.AJ of th• •r8 membern of ihe MpanY and guaranl•e lo contrfbuts £1 In t •v•nt of a wlndlng up. Th• Trust rnember• appolnt 8 81rat•glc bo8rd whlth CUfTenty ¢on51s1¥ ol elght Tru8teeg Irom a variety of b•ckground$ r818vant to tho goveTnanc• of the chority. Th• board meets quartorfy and has ov8rall responsibility lor the opero1Son of tho tharfty. Thè l)08rd li v'matY respon81& for th• slr•l•gic dlreL#lon of Ihe Georgian Theatre Royal and work6 through an agr buneSS Ptan, whth h•8 bean drawn up in the first Inslancg by the The8tré's ChlefExecth. Thg ChSef Ex8wtJIfjad1 a 8m#ll 8taff team and h•8 ov•raN lPonSIbl11ty for th•lr p8rformanc• and management. She18 hekl lo by tht bo8rd through Ihe PS1on of detailed reports 41 m801Sng and the board work8 closoty wlth h•r lo on8uro Ihal the Lor6ty8 obJ•ctlv•s are met, and lef¢eS deployed as &ffodively and trffidenlly a8 PolbI•. Membern ol the bo9 r•c•w inductson from Ihe Chair and Chief Executive and the bo8rd reclves occ88ional Ir8inlng in relallon lo its rn8ponbillb'68 and organl$8tion. The Tw$te98 are mgmb8rs of various sU¢0Mmittee$ lo prowde a rnore delailed on $pedfi¢ are¥8. such 98 Fln8nce and Fulure Funding. When required, ju¢0mmittee WHI b8 introduc•d to ovorme a prthca, to prnde gre8ter fooJ$ and lo en8ur• eJ)ntrS are Mi p19eO Around c08ts and incomg. Poy gnd remvnrAllon ol thè Chief Ex•ort and 8t4ff we •nnuaty t4klng aco)unl of relev•nl comparators. the businus rAan and thal18 u8u41ty a thalengI fmnd81 position. In recent ygaT8 thg Ch¥lr Immrd h•¥0 Undtytsk a ofth¢ varitius knnds of s8 eXpIen that are deerned relevant lo the operallon of the Theatre. and we belle¥e we ha¥e been very Suc¥51 in Fwlting log¢th6r members ol a board who woth well 8s a 1•8m In vJn}unthon wlth Staff and vc4unteers allk8. The tru8lee• we Indebted lo the volunlews for Ihok cwnmitment 4nd supporL As fjver we rafflaln o$p8dally grateful for the cLYnmiimenl. hard work and Strategic Igadership ovgr the past eioht years. of our Chief Exe(>Jtive, Clare Alen. who teft in Decomb¢r to takfj up a new challenge. In eady 2024 we W•kA)rn our CEO. Jo Ma*thlnnoy. Audltor In accordance vAlh the companys artldgs. a r•soluborb wwlr4J that Xeknadkn Al Umltgd be reappoSnted as auditor ofth8 cornpany wll be PLrt at 8 General Meeling.
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Disclosure of Infomiation to auditors Each ol the IrvstÉes has confirmed that there is no information ol which they are aware which is relevant lo the audil, bul of which the auditor is unaware. They have further confirmed thal they have taken appropriate steps to identify such relevant infom31ion and to establish that the auditor is aware of such inforrnation. The Iruslees. report wa5 approved by the Board of Trustees. Mr C Grant Trustee 26 July 2024
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Iw$lees. who are also the dlrectors of G8orgian Theatre (Richmond) Trust Limiled for the purpose of oompany law, are responsible for preparing the TNsteos' Report and the ffinanrAal statements in accordance with appllcable law and United Klngdom A¢LyJunting Standards {Unlied iQngdom GeneraJlyAccepted Accounling Practice). Company Law requlres the Iruslees to prepare finandal statements foT each finanaal year whlch give a true and fair ew of the 8lale of affairs of tho Charity and of the in¢Ing resour¢es and application of resourc98, induding the incomo and expendlture, of the Chtable company for that year. In preparfng th¢$e financial statements, the Irusl99s are required to". Select sullablg anting poli¢Sè8 and then apply them conslstenlly.. - observe Ihe mèthod8 and prtndples in tha Charities SORP., - make judgements and estimates Ihal arè reasonable and prudent., statg whether appficablè UK Accounllng Standards have been fd1owts, subjecl to any material dep8rtures dlsdosed and oxplained in the ffinandal staloments- and prepare the Ilnan¢ial ststements on the going n¢9M basis unless It 15 inappropriate lo presume that (he tharity vAll conltnue In operalon. The trustees are responsible for keeping adequat8 aceounting reeords that disclose with reasonable ac¢ura¢y at any Ilme th8 finanaal position of the d)8rity and enabte them lo ensure that the financlal $talemenls comply with the Companles Aci 2006. They are also responsible for safeguarding Ihe assets of the charity gnd hgnce for taking roa¥onoble Steps for the prevention ond d8lection of fraud and other Irregularlties.
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF GEORGIAN THEATRE (RICHMOND) TRUST LIMITED Oplnlon We have audked the finaneAal statements of Georgian Theatre (Richmond) Trust Lrmiled lihe 'charitll for the ygar ended 31 Marth 2024 which comprisè the statement of finanryal activities. the balance sheet and the note8 lo th8 finanoal statements, Induding a summary of signifi¢8nl a¢counting polieies. The financial reporting frarnework Ihal ha$ be&n applied in Ihelr preparalion is applicable law 8nd United Kingdom Accounting Standards. induding Flnancial Raporting Standard 102 Thg Financial Reporting Standarf Sl¢able in thg UK and R8public of Ir91and Iunlted Klngdorn G¢nerallyAccepted Ac¢ounting Practice). In our opinion, the ffinanclal $laloments'. giva a true and fair view of the stale ol the charitable company's affalrs as al 31 March 2024 and of its incoming resources and application of resources, for the yg8T then end8d.' hav8 been properfy prepared In accordance wilh Unlled Kingdom Generalty A¢¢epled Accounting Practice.. and have beon prepared In accordance with the requlreman¢s of the Companies Aci 2006. Basls for oplnlon We ndUCted our audit in accordance wSlh Inleinotional Standards on Audlllng (UK) IISAS {UlQl and applicablè law. Our responsibil1b under those 8t8ndards ar8 further described in the Audttoffs Trsponsibililies for the 8udll ol th8 fin8nc181 st8tem8nls $gGtion of our report. We are indèpendent of the charity In accordance wth the ethical rgquir8menls that are relevant lo our audit of the finandal statements In Ihg UK, induding the FRC'$ Ethical Standard, and we have fiJlfilled our other ethi¢al responsibiliti85 in accordance wllh these requirernen15. We believe that the audll evldence w8 havo obtained is SUffient and approprial8 to provide ¥ basls for our opinion. Conduslons rnlatlng to golng ¢on¢em In auditing the ffinancial slatemenls. we have conduded that the trustees, u$8 of the going concem basis of ocwunting in the preparatlon of the llnaneial statemen13 is appropriatè. Based on the woth we have perfonn8d. we have not Idenllfied any material uncertainlie8 relating to events or ondilions that. nd18[1Y or colleclively. may cast slgnlficanl doubl on the Charity's ability lo ntInue as a going ooncem for a period of al Ist Iwelve months from when the finantsal Ftalements are authorised for Iu6. Our responsibilsbgs and the responsibilities of the Iruslees wilh respect to going concern are described in the relevant strclons Df thls repoiL Oth•r Informatlon The trustees are responslble for 0th8r infornation. The other infomiallon comprlsos the information included in the annual report, other than th8 financial statements and our auditor'.5 report thereon. Oui opinion on the finano81 statements does not cover the olher infomialion and we do not expre88 any fam of assurance condusion Ihereon. In ry)nnection with our audit of the flnandal statements. our rponsibl11tY ts to read the other infomiatson and, in dolng so, condar whethèr the other infomiallon Is materially Inconslstent with the finan¢i81 slalemenls or our knowledge obl8lned in the audil or olherwise appears to be materially ml88lated. 11 we idgnlify such material incon$tendeS or apparent materlal mls$lalemenl$. w8 are requirgd lo determine whether there Is a material misstgtomenl in the finandal slalements or a malerlal rnis$lalemenl of the other Inlomialion. 11. based on the work we h8ve perfomed. we eondudè that there is a m81erfal mi88tslemenl of this other Infornialion, we are required to report Ihot fact. We havg nothing lo report in this regard.
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GEORGIAN THEATRE (RICHMOND) TRUST LIMITED MAtt•rn on whlch w• r• rnqulrnd to v•port by oxG•pU¢>n have nothing lo reyt in ro$pect ol the fCd[fNn9 matters in relakn lo whith the Charitiés IA¢¢ountB and Reports) Regulations 2008 raquirg us lo report lo you rf, In our opinlon: the Inforn)alion given in Ihe finenfial 8talèments 1$ Inconsistent In any matedal ith the Irust$, repoi( or lufficionl aetsjuntlng rncord8 ha not b•8n kept.. or the fingn17BI stst•ments are not in 8gwm8nt ilh the •¢o)untlNJ reo)rds,' or we hovo not recd4•d 411 th• Infornatiw 8xpknatM)n# wt r•qulrn for our aud R•gpon8lbllltt•• of tru•t••8 As explained more fulty In tho $talemenl of trusteès, responslbllliles, the trustees, who ar6 8180 tha dlrectors of the hgty for tho PUfPO8e of company . are rgsponsiblè for thè preparnfjon ol the finanual stalem8nl8 and for belng $8118fi8d th8t they g1 a true and folr ¥lthv. and for suth inlemol conirol as th8 Iru8le&s delam)ina 18 necessary lo enable the preparalion ol finandal statements th¥1 are free from material m1861alemenl, whether due to fraud Of In préparfng th• fin•neJ•l •1ol•m8nl8. th8 Iruslees arn re8pM8itle for assessln9 thfj tharivi ability lo conllnue as o golng concem. d68do8STha, 03 ¥pplS¢abl&. matters relaled lo going concm and Un9 lh• going CAJncem basis of accounting unlou thg Iru#lètrs •lther intend lo Ilquidale the thgrltat40 ¢)ynpany or to operallons, OT h?vg no r••llillc 411•maUv• but to do 80. Audltorf• rvpon•lbllltlM for th• audlt of th• flnan¢l•l •l•l•m•nl• have been appolnled ¥8 ¥udilor under $8ction 145 of Ihe Chathi•8 Acl 2011 and report th xctyd•n wlth th• Ad and rel•vanl r•gulalion8 mode or havlng eff8(a thereunder. r obJectlv•s arg lo obtsln reasonable assurance abtyjt whether th• finandll ilalttm•nl$ as • whole are free from malerfal mlJstotemenL wh¢th•r due to fraud or error, ¥nd to i38u• an audilorf$ report thal Include$ our oplnlon. Reasonae assurance 18 8 hlgh levd of assurance bLrt 18 not * guarnnlee th•1 an audrt ndUcted In accordance wlth ISA8 {UK) w1 alway• dglgct a fflat•rf mlBBtalemwl li $1. Mlsstal•menl$ can arije from fraud or ormr are conitdored malerfal H, Indmduauy or in the aggr8gale. thty c))uld rnasonably bo eXpt• to Influ•nc• the econofflk dgdjlons of uw8 tak•n on the ofthesg fin8ndg1 ¥tal•m•nts. The •xlenl lo whlth our pro¢•duro8 c•p4bl& of dolethi lff•guladUe8, Indudlng fraud. h dal811 bel(M. Th• •xt•ntto whlch the audltwa• ¢on•ld•r•d c•pabh of d•t•ctlng 1rr•guI•rftb Includlng frnud Our appro8¢h lo Identifylng and assèssing the ri%s of materi81 mi8Statemet)I In reip•(4 of irrggularit6è1. Indudlng fraud and n0nHcompln wllh laws and regulab'tsn$. was 88 follcAv8' tho ong8men1 wndpd ensured that the engagemert team had thfj approprtale competence. capabllllkj and lo Idrfy w Tecogni80 rwmplanca applicab law¥ and regulaJon8', we idenlffied th• laws and re990n3 apF4icable lo th• wmpany IhTough disiyJssion$ vAth truslee8 and m•nagemen( and from our knedge and w41ienc• of th8 chaiiiabl8 and th8atre sedors: . we foojsed on Spedfic laws and gaOn5 whls w• r>)shJered may ha a dlred material effèct on I fin8noal statements or the oporn$ of the company. induding Ihe Companies Acl 2006. laxatsjn 1ogiBlath)n and dala prol•dlon. antMbery. •mpknym8nl. environmental 8nd health and safety legislation,. . we as8988ed the exlenl of ¢omrliqn(* wlth the laws and regulallon8 klgnufied above throuth mthng enquiries ofmanagement and Inydng1•gal Wresponden. identified law8 and re9ulations were cfynmuni1¢d titiln the audit team rngularty and the loam r•main8d algrt to itant of n¢)n4omplianc6 throughoui the aud
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED INDEPENDENT AUDITOR'S REPORT ICONTINUED) TO THE TRUSTEES OF GEORGIAN THEATRE (RICHMOND) TRUST UMITED IA assessed the SuSlb1ty of the ¢omparfs fmanual slalements to material mtst8lemenl. induding obtaining an understsndlw ofhow fraud mwhl occur. by. maknng enquiries of management as to where they nsid1 there wa8 suscapliknlity to fraud, their knowl8dge of adual. susperted and aoeged fraud: . o)nsiding the inteml COntrS ui K4ac to nwiigate risks ot fraud and nonPrnpllanCe with laws and regulolions: and under8tsndlng th• design of Ihe ¢JJnparrfs remuneration )[e$. To addre88 the rfsk of fraud through managemenl and ovenide of ccffltrols. we: rfonngd an1 wocedures to identify any urwjsual or unexrthd relationships,. tègled joumal entrl8s to identify unusual trwsactkns: . we68ed whetherjudgarn8nts and assumptkx)s made in drfermining the accountkng estimates We indicali of potenlial bias: aThJ Vestigated the ration918 behind signifirant or unusual transa(aThs. In resp$¢ to th8 risk of 5ffegu11lIeS and nc¢1mIanc0 wilh laws Tegulations. we designed procedures which indudgd, but were not limited to: . agreeing ffin8nd stalemenl disdosures to Lmdwlbryng supporling drAaNnentslion; . re8rfing the minutes of rneetings of tkwjse charged wilh govwrw1. . enquiring of managemenl as to actual and potential I9311 and daims.. and . re9 c¥Jrre3pondence wilh HMRC. the compan6 legal advisors and any other relevant regulator ot body. There are inherent limitations in our audll pro¢eflures desuibed above. The more removed that laws and regulation$ are from finanaal transathons, the less likety Ft is that we w(wJEd beme aware of nonrycompliance. Auditing slandards also limit the audit procedu5 fyquired lo identify norb&compfi8n¢e wlh laws and regulations to gnquiry of the directors and ¢)thgr management arNI the inspe¢YiM of regulatory and legal corygspondence. rf any. Matgrial misstatements Ihat arise due lo fraud ran be haryler lo dete(l than Ihose thal 8r18e from efftjr as Ihey may Invofve dellbeTate concealment or coHu$ion. A fijrther description of our responsibflibes is awdilable on the Fin8n¢ial Reporbng C¢yJnd's webgte al.. htty>s:11 wM¥.frQorg.uudl1OrnIe5p0nsibilIllès. This de%tyiM fcrfms part of our audIS reporL Use of our r•port This report Is made solety to the tharitys trustees. as a body, In 8tt)?rda ith part 4 of the Ch8rNies IA¢¢ounts and Reports) Regulations 21118. Our audit work has been undertaken so that mighl slaie lo the Irusleas those matters w& wa raquir•d to state to them in an auditorfs report and ts no other purpose. To the fullest exlenl pemltted by Eaw. we do rt apt or assume respongbity to anyone other than the tharity and the d)ar(ty's tntslees as a body, for our auditwryK fLYthi8 TepL¥L Lftythe li10n8 we Iwe fomxd.
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED INDEPENDEKf AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF GEORGIAN THEATRE (RICHMOND) TRUST LIMITED Xelnadln Audlt Umlted k2d countants Statutory Audltor Oak House IAathet Place Bedalè North Yortshire DL8 IAQ Xeinadin Audit Limitgd is eligible for appclnbment as audilor of the tharity by virtue of Its digibility f¢y apppintmenl a8 auditor of a company under section 1212 of the CompaniesAct 2006. . 10-
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrn•trlct•d Rèstrlctsd fund$ funds 2024 2024 Total Unro9tr]ctfrd R••trf¢t•d lund$ funds 2023 2023 Totsl 2024 2023 Nots• Incom• from: Donations and1ggacl8s Charitable acUvRie$ Oiher Iradlng oth'viti88 Investments 56,674 268,928 49.526 3,810 56,674 303,026 63,102 3,610 88,043 250,786 58,980 3.309 88.043 312.786 72.592 3.309 34.11]0 13.576 62,000 13,612 Totsl Income 378,936 47.678 428.812 401.098 75.612 478.710 Expend5turn on: Ralslng lunds Charflablg 8diwlie$ 18.044 4B1.781 18,044 559,487 15.476 469.281 15,476 523,138 77.706 53,857 Tolal expgndltur• 499.825 77,706 577,531 484.757 $3,857 538,614 N81 gginslllossesl on Snvestrnents 10 20.494 20,494 110.654) (10,6541 Net pendIturn (100,3951 130.0301 (130,425) 194,313) 21.755 172.558) Transfers between funds 2.222 12,2221 N•t movement In funds (98.173) 132,2521 1130,4251 194,3131 21,755 172.5581 Re¢onclllatlon of fundi: Fund balances at 1 Aprtl 2023 1.111,704 112,991 1,224.695 1.206.017 91.236 1,297.253 Fund balanc•8 at 31 March 2024 1.013,531 80.739 1.094.270 1.111.704 112,991 1,224.695 Tho Btalement of flnandal actlwlles Includes all gains and105ses recognised in the year. Al income ond expenditure d8rive from conllnulng adknties.
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Not•s Fixed assets Tangible assets Investments 12 13 825.213 208.752 900,248 186,235 1.Q33.965 1.086.483 Current assets Stocks Debtors Cash 81 bank and in hand 14 1S 2,807 19.329 113.471 3,497 18.017 186,714 135,607 208.228 Creditors.. amounts falling dut withln one yèar 175.3021 170,0161 Net current assets 60.305 138,212 Total assets less current liabilities 1.094.270 1,224,695 Income funds Restricted income lunds Unrestricted funds 17 80.739 1.013.531 112.991 1,111.704 1,094.270 1.224.695 The cornpany is entitled lo the exemption from the audi( requirement contained in section 477 of the Companies Act 2006. for the year ended 31 March 2024. allhough an audrt has been carried out under section 144 01 the Charities Act2011. The directors acknowledge their responsibililies foi complying wrth the requirements ol the Cornpanies Act 2006 with respect to accounting records and the preparation of finanual 51alements. The members have not required the company to obtain an audit of it5 financial statemenls under the requirements of the Companies Act 2006. for the yeai in quests'on in accordance with section 476. These financial slalemenls have been prepaied in aco)rd8nce wlh the pro$10n$ applicable lo companies subjecl lo the small companies regime. The finanual stalemenl5 were approved by the trustees on 26 July 2024 Mr C Grant Trustee Company regislralion number 00646151 (England and Wale5) 12-
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A¢countlng poli¢1 Charfty Inforniatlon Georglan Theatre (Richmond) Trust Limited 18 a prfvate company limited by gu8r8nlee inoorporated in England and Wales. The regi81ered office is Mdoria Road. Richmnd, North York$hir8, DL10 4DW. 1.1 Accountlng ¢onv•ntlon The finanrAal slalemenls have been prepared in accordanc9 With th& charity's Memorandum and Articles of Association. th& Companies Act 2006. FRS 102°The Financial Rèporting Standard applicable in the UK and Republic of Ireland" fFRS 1021 and the Charities SORP-Accounling and Reporting by Charities.. Stalemenl of Recommended Practice applicable to charities preparing Ihebr accounts In aOrdanCe with the Financial Repon9 Standard applicable in the UK and Republic of Ireland IFRS 102)" (effective 1 January 20191. The arity 1$ o Public Benefrt Entity as deflned by FRS 102. The charity has tsken advantage of the provlsions in the SORP for d)arfUes nol lo prepare 8 Stalement of Cash Flow8. The financial stslements 8T9 prepared In stertlng, whlth is the functional c#Jrrency of Ihe ¢harity. Monetary amoynls in Ih&se finandal ststemenls are rounded lo the n8are$t £. The accounts h8v8 bgon prepared under the historical cost nventIOn, modlfied to indude certain fin8noal Instrurnenls at fair value. The principal accoltIng polirigs adoptèd are set out below. 1.2 Golng conc•m Management hav8 developed the 2023 - 2026 Business Plan to guide the charity through the next thrge years and thls is monitored dosdy by the Bogrd and CEO. On Ihe basis ol their assessment ol the chanty's current ffinana81 posKlon. the Business Plan. committed granlsldonalions and cash liow foreGasls through lo 31 March 225 and beyond, the Tfusl8e$ have a reasonable exp8ctstion that the charity will be able lo conllnue in operalional existence for the foreseeable future. As a resuli the finanGial statements have begn prepared on a going concem basis. 1.3 Gh•rftsbl¢ fund$ Unr88tricted funds are aYJllablo for use al thè dts¢rellon of the trustees in further8nce ol their charitable objectives. Reslrfctad funds can onty be u88d for particular restrtcted purposes wllhln tho LTrbjects of the ch8nty. Restridlons arise when spe¢ified by tha donor OT when funds are recelved for a partioJ5ar purpose. The pu0888 and uses of ihe restrided funds are sel out in the not¢$ lo th¢ accounts. 1A In¢om• Incorne is recognised when the charity Is legally enlilled lo il after any performance conditions have baen me( the amounts be mèasured reliably. and il Is probabl8 that income will be received. Cash donatlons are recognlseil on receipt. Other donations are reeogni¥ed on¢e the charity has been notified of the donation, unless perfomiance condOn$ require deferral ol the amount. Inexjme lax recoverable in rdalion to dLmallons rgcgfved undgr Grfl Aid or deeds of0Janl is recognised at the rne of th8 donation. LegaLag8 ar& recognised on receipt or othernvise if the dwrity h8$ bèen ntitifièd of an impending dislribulion, the amount is known, and receipt Is expected. If the gmount Is not known. th¢ legacy is Irealed as a e4Jniingent asset. Grant Income Is recognlsed when re¢oivablo except when the donor imposes conditions which have yel lo be fulfilled b&fore the Charfty t4comes ¢nJUedlo use such Income. 13-
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcl•s IContlnu•dl Deferred Income also rolates to Box Offlca and w8dding income deftrred to the period in which the event il rglales to OCLuf8. Ino)me from bar sales, gulded tours and other Iradlng18 recognisgd whgn ieceivable by the tharity. Investment Income 1$ recognlsed when receN8blg by the charity. 1.5 Expendlturo Expendilure is recognised on an accwals basis as a liability is Incurred. Expenditure indudes #ny VAT whi cannot be lulty recovered, and is reported as part of Ihg expendibjre to which il relates. Costs of raising fund8 Mp89 the costs assodaled wilh 8ttracllng donalions and the Costs of Iradlng for fundT8lsSng purposes. Charitable oxpendilure comprises th08e costs wi¢urred by the tharity in tho dalivery ol its activltles and for ils nefiCian8S. 1.6 Tanglbl• fixed •$s•ts Tanglblg fixed a$set8 are In1Ual me8$urqd al co81 and subsequenuy measured al ts)5t. nel ol dapr8cAation and any Impalmienl1056es. DepredaOn is rgvjgnised $0 a$ to wrfle off Ihg cost of 8$sats less Ihdr residual value$ over Ihair useful livo$ on Ihe followlng bas8s'. Freehold Property & IMpMMents Leasehold Property Improvements Llghling Equipment Fixtur8& Fittings & Equlpment 50 years tstralght Ilne basls Slr8ighl lu)e basis over the un&xpired lease tenr¢ 20% reducAng balance ba818 20 years 8lr81ght Ilnè basis The gasn or 1055 arising on the dlsposal of an as8et is detemiined as th8 difference belween the sole proceeds and the carying value of the assel. and is rgcognised in the statement of finaneial actimlies. 1.7 FSxed a88•t Inve$lm•nl8 Flxed ass8t investrnenls are initi8lly measured at Iransaciion price excluding Iransaotlon CAJsIs. and are subsequenuy measured at fair valuo at 08ch reporting date. Changes in fair value are recognised in nel Inme1(eXpendiiUre) forthe year. Transaclion eosls are expensed as in¢xrred. 1.8 Impalnnent of fix•d •s$•ts Al each reporung dale. the charity reviews the Can9 gmounts of ils tangible assets lo ijelermine thetlw there is any indi¢alion that those assets have suffered an imp8irm8nt loss. 11 any such indicallon exists, th¥ rgL>)vgrable amount of the a56el is eslimaled in order lo determine the extant of the impairment 88 lif any). 1.9 Sto¢k• Stor*s are staled at tha lower of cosl and estimated selling price less costs lo Comet8 and sell. 1.10 R•tlr•m•nt b•nefits Payments to defirvad conts5bution retirement beneffil 8cheme$ are charged as an expense as they foll due. 14-
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donatlon•,1oga¢l•• Ind cor• grants Unrnstrlct•d Unrnstrfctsd lund¥ lund8 2024 2023 OonaUons and glfts Legad¢$ recelvable GranlB ieealvable for Te ad11108 53,174 1,000 2,500 71.015 14,684 56,674 88.043 Grnnts rncelviblo for cor• actSvltlo• Rlchmond Town Councll Rlchmond8hlr• D181rtct Coundl. COVID Support J H Rouslng Twsl Apprenllc88hlp Scheme 1.500 1,125 1,059 10.000 2.500 1.000 2,500 14,884 15-
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charltable acuvltl Chorttable Charltable •ctivitle$ actty1Es 2024 2023 8ox office inc¥)me Ytyjth theatre inGon Proied gr8nl$ 248.138 20.788 34.1(K] 232,396 18,370 62,000 303.026 312.786 Analysls by fund Unrestrirted funds- general Restr*#e(l fvnds 268.926 34,100 250,766 62,000 303,026 312,766 Performance rolattsd grants The LrL and Terry Bramall Foundatlon arKI Syhfja Crathm Memorial Trusl Fund The Normanby chItable Trust The Jack Bwnton Charitabl8 Trust Theatres TrusVThg Linbury Tru51 NYCC UKSPF Feasibilty Study 50.000 5,000 2.000 5.000 9.1(KJ 34.100 82.000 Incorne frnm oth•rtradlng actlylti Unrgstrlcted Restrict•d funds funds 2024 2024 Talal Unr•gtriGted Re8trl¢t•d fund$ funds 2023 2023 Total 2024 2023 Bar. lee ueam and catering income Rentsl inojme Anallory tradlNJ Ino)me Re8trwatlon18 39.236 2.1C 8.1 39.236 2.100 8.190 13.576 36.260 36.260 8.300 14.420 13.612 14.420 13.576 13.612 Other trading acb¥ttie8 49,52e 13.578 63.102 13,612 72,592 16-
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 Inc¢)m• from Inv••tm•nts Unmtrl¢ted UnreBtrlctsd fund$ fund8 2024 2023 Incom• from118ted Inwjtrnents Inler••l r8colv•ble 3.276 534 3,060 249 3.810 3.309 Exp•ndltuM on ral•lnq fvnd• Unmtrl¢t•d Unr•*trl¢t•d fund• lund• 2024 2023 Trndlng ¢o•t• Bar, l¢e cream and 18.897 14,159 Inve•lm•nt manag•m•nt f 1.347 1,317 Total 1• 18.044 15.478 17-
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Charftabl• aGtl¥lilo• Charftable Charftsble Expendlture Expenditure 2024 2023 Staff trjsts Depreciation and impaimient Property Tunning costs Office suppl1 and Nnning co8t$ MarkelSng and advertislng costs Repalrs and mainlenance Computer nSUmable 8xpensoS Legal and prof8$sional fees 196.551 75.489 37,188 8,118 10.057 34.595 2,673 14,385 199.402 78,620 29.977 5,711 12.071 10.201 2.369 14.728 E 11 St8ff recruitment and trainin9 Sundry expenses Irrecoverable VAT Bank Charge$ Production share to SitIng companles In house production expenses Youth thtre expenses Brothure publl¢ation ojsts 75 3,312 24.120 3.263 78.227 60,806 4.976 7.852 2,662 15,937 3.455 76,867 59.827 3.946 8.720 559.487 523,138 Analys1¥ by fvnd Unrestricted funds- general Restricted fvnds 481,781 77.700 469,281 53.857 559,487 523,138 Included In thg above is £96,406 12023-. £101,$45) relallng lo support C081s of the ¢h8rity. Legal and professional fees indudes payrnenls lo the auditors of £4.89512023: £4.6001 for audit fees and £8.79012023: £8,465) for olh*r 8ervlces. TNste•8 Nonè of the Iruste8s lor any per80ns conngcled vrith Ih¢ml recefved ony romun8r8lion or benefits from the charity dur6ng thè year. 18-
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Emplo•8 Number ofemployws Tho average monthly number of employee$ during Ihg yg8r was.. 2024 Number 2023 Number Adminlstralive Finance Managgm¢nt Employmont¢osts 2024 2023 Wages and saEarie$ Social security eosts other pension costs 182.234 10.316 4.1)01 184,381 11,139 3.B82 196,551 199.402 Thare were no emptoyees whose annual remLFn8ralion was £60,000 or mor8. 10 G•ln¥ and loss•i on Inv•stmonts Unrnstri¢tsd Unrnstrlcted funds funds 2024 2023 GainslUosse8) arlsSng on.. Revaluation of investments Sal8 of investments 20.300 110.1631 14911 20,494 110,6541 11 Taxallon Tha company. by being a regi8lered tharity, is not liable to UK Corporation Tax or Capital Gains Tax so long as the incomg it rec8ives is applied for th8rflabl$ purpose$. There is therefore no tax charge in Ihe finanoal 8tstemenl$.
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 12 Tanglbl• flxed amo1• Fro•hold Prop¢rty & Proporty Improv*n•ttt• Improv•mwts Llghtln9 Equlpmgnt Flxtum. Fltttng8 A Equlpmant Tothl Ct Al 1 April 2023 AddWon8 501,925 2.028,200 189.850 159.758 454 2,937.531 454 At 31 Marth 2024 561.925 2,026,200 189,650 180,210 2.937,985 D•pr•clatlon and Impalmi•nt Al l 2023 Depr8dallon ¢h8rgod In tho ar 230,289 1.556.472 8,335 51,311 130.920 11.745 119,802 4,098 2.037,283 75,469 Al 31 Mfjrch 2024 238.624 1,807.783 142.885 123,700 2.112.772 C•nylng amount At 31 M•rth 2024 323.301 418,417 48,985 ,510 825,213 Al 31 M8rch 2023 331,638 469.728 58,730 40,154 900,248 13 Flxgd •ry••t Iw••tsn•nts Ll•t•d InvMtm•nt• 1gh In portlollo Tolal t or lUatIOn Al 1 I)rll 2023 Additl¢Ms Valuallon thange8 D18po8al$ 177,628 26.487 20.300 121,593) 8.407 188.235 28,487 20.300 124.270) 12.8771 At 31 March 2024 203,022 5,730 208.752 Canylng amount Al 31 Marth 2024 203,022 5.730 208,752 At 31 March 2023 177.828 8.407 186,235 14 Sto¢k• 2024 2023 Finistrd go(Kl$ and goods for resale 2.807 3.497 -20-
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 D•btorJ 2024 2023 Amounts f4lllng du• wlthln on• year: Other d8blors Prepayments and accruod Income 253 17,764 19,322 19,329 18.017 16 Crtdltorn: amounts falllng due wlthln one year 2024 2023 Othertaxauon and s181 securfty Trade creditors other creditors Accruals and defeThed income 4.212 2,950 5.486 62.654 3.059 1,940 6,155 75,302 70,016 Income récelved and deferred in the ¢Ufrenl year amounted Its £49.630 {2023 - £44.1851 and Ihe amounl rgleased from the pr•¥Aous period amounted 10 £43,86512023 . £43.255). 21
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 17 R••trlGt•d lund• The incomtr fuftds ofthe th•rfty indude rostslded fund8 comprl8lng the foll¢Milng unexperthd balanceB of18gades and grants held on trust for 8peclfic purpo$e8: MDv•iIMint In fund• Incomlng R••oyT¢ Blane•at •xppndod 1 Aprfl 2023 Mov•m•nt In lund• Ro8ourc•• TThm•f•rn •xp•nd•d Balane• at 31 MArch 2024 l Aprtl 2022 nour¢o• Paul1188 Leamlng Cantre Fund The Llz and Terry Bramall FoUr#t10n arKI SYM• Cralhomg Mamortal Tru81 Fund Reslorallon Fund New Flre Alann System NYCC UKSPF Feèslblllty Siudy Other 16,3S1 16,351 16.351 72,584 79 50.IMX) 13,612 12,0 (46,9231 (8.834) 75.681 6,757 12,000 25.000 13,578 146,5921 {19,114} {12,000) 54,089 1,219 9,100 9,1 2,222 2.222 12,222} 91.Z30 7S,612 153.85n 112,991 47.876 177,7081 12,222) 80,739 The Paul Ile8 L¥amSng Centr8 Fund was establlshgd in 2012 by a legacy roc•ld from thè estale of Pgul Iles. a fomer as8o¢lalg dlredor of the charSty, lo fund the development of a new Laaming C•ntre at the Georgian Theatre. Th• Llz and Tery Bramall Found41ion and Sylvia Cralhome Memorfal Trust Fund was 8818blish&d by grants from the ts¥0 charities towards the rfjcruitment and ongoiftg amployment costs ofthè Chlef Exe¢ullve of tho Georgian Theatre Royal. A grant was recelved frorn North Yorkshire Coundl lo fund a feasibilsty study inio Ihe Insulation and ven11aOn of Ihe audliorium, and how services in the loft Void could be raknonalised. Monies raised from Ihe rèstoralion l•vy charged on Box office lic&el sales are allttaled lo the Resloralion Fund whtL* is used for $tOrIng and rnainlaining the thèatre. Gr8nl$ were received in the previous year from.'The NoThnanby Charitablg TSt. Thè Jack Brunlon Trust and Theatres TnFstThhe Linbury Trusl towaS a new fire alami 3yStem. This fund has been fvlty expended in th& year.
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 Anal1* of n•t •180ts b•tw•¢n fvnd• Unrn#trlcted fund• 2024 R••trl¢t•d lundi 2024 Total 2024 At 31 Mah 2024: T8nglbla a$set8 InveBlmenls Current 88s8ts1(IlablllUo81 825,213 208,752 120,4341 825,213 208.752 eo.30S 80,739 1,013,531 80,739 1,094.270 ' Unrn•trlct•d fund• 2023 R••trl¢t•d lyndi 2023 TotAI 2023 At 31 M•rch 2023: Tanglble afj Inve8tmgnlB Cuffent 88$•lJlOl8bllltb881 900.248 186,235 25,221 900.248 186,235 138,212 112,991 1,111,704 112,991 1,224.695 11 Op•rntlng l•a•• commllm•nt• L•g8•• Al the r•portlng end d819 the tharity had outslarmllng eomm6lm¢nls for fthur8 mlnlrnum lease p4ymenl8 und•r noTr¢8n¢ellabl• op•r•ling l•aie•, whlch fall du8 88 follow8.. 2024 2023 Ihln ono year 8&e8n two and fve ygarn In over five year8 101 402 2,950 4,101 403 3.050 3.453 7,SS4 23-
GEORGIAN THEATRE (RICHMOND) TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 20 Relat•d party transactlon There w9rg no dlsdosable rglaled party transactS during the year12023- none). Remunorntlon of k•y manAgeml pernonnel The remuneration of key management pernn81 was as follows.. 2024 2023 Aggreg8t8 (xJrnpen8atlon 46,5¥2 46.923 Th¥e were no disdosable related party transaclions during tho yoar12023- none). -24-