Charity registration number 247005 (England and Wales) Company registration number 00646151 THE GEORGIAN THEATRE (RICHMOND) TRUST LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ¢? ¥p.inndin THE GEORGIAN THEATRE {RICHMOND) TRUST UMrrED LEGAL AND ADMINISTrATIVE INFORMATION lkns K Pffjld ltrJ Brrp*n CGrnrt 26 W 21r24) (Ap&b)kn￿ 26 2024) LmD¢￿ (W1551 CL1040W rx104rwi ME194JJ EC1A9BD THE GEORGIAN THEATRE {RICHMOND) TRUST LIMITED CONTEKrs Tnwt••$' I 7-10 8t*thm•ni￿￿￿￿1II •(th4 11 12 8t•thm•rt d¢••h ftr 13 THE GEORGIAN THEATRE (RICHMOND) TRUST UMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The wuonl arn￿1 rwrtaNI ffln•rthl 8W¢morts hrlha y•w ond8d 31 Mw¢h ￿5. The finandal gla1•￿￿ ￿¥8 been wqpgrod In oecudance wllh Ihe accoty￿ng poMeB 801 oui in not¢ 1 10 flnandal #latèméras and vAlh ¢1￿￿￿9 gO￿ing d0￿menL ts C¢yrp0nks Act 2006. FRS 102 Tr Fhan*l R•portlng StaThl3rd apF41L*bfè In th• I￿ and Republk of IrelarKf thg ¢hthU8s SORP "Acuunkng •nd Rwrllng by Ch8rftles: Statement ol Ro¢omm¢nded Pracllc8 appficable to thgriuos preparfng 8oxAmts occordartc• vAlh th8 FlnBndal Slartdord appllcable In Ih UK and RepubnG of IFRS I￿2r. ¢)bJ8cllves and acil¥llleB Tho tho rwnagum•ftt of ts G•n Theart R1duK￿. Norlh YoF*8hlre. lo 8nd the bulldlry. to educatsn by eThxuraBin9 and wty)wOr#J tho s￿dY, k￿tr. derstsndlng and 8pwodaUon of Lhmalto In parttrxdar althe bulldlng Tr GaorglanTheth° In the dwrfty 8hwkl urthrtak G8orgkn (RJthmoTha) TNSI Llmlted •¥lsts to we2•r¥0 Th* Gaty￿Th Thè8tr0 Royal for ts benefi¢ of the n8IDn ar￿ as a place of hh10rfl￿ Inte￿L The Georglan Ttsatre Roy811s th& I￿￿Y Wn4Jl? 018n hteonth centsjry thintry pla￿ and as Is a Imng theatre museu V181on and AGll¥lllo5 Thg vtsion of the chwlty Is tr* provlde 8 rnnge of oppartunttles for pooplg awls all gmups io 8xperfenca.18am •bout and en￿￿ The Gwlan Theats Royal ¥nd to undèrntand Its lll8twi¢ cuitexL fts mksu8 61gnlfkanc8, and tts c¢ntrllyJlon ¢0 modern day theatre. Tho slgnfftcwtt undert#k¢n 10 8d)l•wo thls vthn Inch￿ the delfvery ofYuJth Tho0tr• 1os*tns- lo 100 p8opl8 pertA*d(- pffjvWng thè membets lrnlnlng In 811 aro8s of thootro ¢nd stage Thera are 41KJ lois olpwforn￿ opporfunmles foryJun9 pe¢ple. ththlth in&wJe fo(xl 8chool& perfrjmil￿ In the Invhou6e paniornlme. and ￿￿*S￿1p local OTganls8ltsn& aybifJ8, And Inlomidon 8We8nth And ftlneteanlh e•fttury thath bj ekni• and enlerPAln pubk The Géorylan Th•atr• Royat IAsAtts ￿n￿l nwswm 8euedttAlon. Formost dlh• ye8rtheTr￿atre* dedtcated t•am voluntetr guhl¥s offers up to 36 tours per weeK act4￿ to numer¢K￿ ar￿ growss. knirisls. sludents. ￿1?￿$. 8nd membws ofthe lot81 c4Thmurty. Th8 CW mls8ion 16 to bulld 4)n past succ*ts in &x88rbing and Thè TIMtr• ROYAI 48 8 dlstindve theatre wAlh a lar rnxhing and Indusive cr•ativs Vlskn. Th15 Is adtlgvad through ImaglnaU¥e And tnftoval￿ apwoath ID1oamkn& taurfsm and I￿r Georgkn h¢rilo9s WMO lo pr¥yJdo a wrlad 81ti8 Ihe Georykn Theatre Royal produt*s an 8nN81 pmgr4mme of l)rth profe88lon81 and L))mrnunMy th81 IB both d￿r9e and of hlgh quayty. The cmpany w￿deS an ￿tert#[nI[￿j mix ol a(ts and e¥ents all art fomw 7Aith a￿￿￿panyIng outreath. wothshops, and educatirm 8d¥ilie5 where posth The offers 8n opports£nlty to the cisThwnunity to parudpate In partomiances through ts Youth Theatre, IoL* s(knolB, ￿Ik e4y•￿¢¢ woty*mme 8Th1 through local fesUv* In o Nstortctheatre supported bywoles%onaLs In the tsatre twthess. THE GEORGIAN THEATRE (RICHMOND) TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORY REPORn (CONTINUED) FOR ThIE YEAR ENDED 31 MARCH 2025 Ackl•¥om•ni• porf¢rm Th• fflaln th 01 fv 2024r2S fffland￿ >wr to •nd bulld on tho Inc*ea8•d kn¢xth• q•n•rnllon trom th* ¢hadtys e￿￿d ￿￿0M•. r•duthg th• n8ed fe¢ support fundlng. Pjjbll•n￿al progre8¥ h•• tM•n INS obiecfvg Blnco 2016, the gap boiwaen Incomg and •xpendltsJr• ha# do8•d slgnM•. Poth lo•db￿k hu bwi rncsfv•d lh• for all of Iho th•8ty•, In¢Wtfio •xc•ll•)t leedb#¢k for Th• G•or*an Theatre ExperIen￿'t0￿￿oI well p•rfiKnonw. Audlefices have JnJo>*d a wtd• varf&ty of perf0nDan￿• from o larg8 •ny ol John Godb•r c￿llpa￿. E5plum Th09tr9 Cdleclh. Lvcy*Alllngtw oTh1 Dyad Th￿trO Co-to naffle • fow. We had our uwel Ammlaur th•atro 8t8plo• ol Ilknmond hJn8i•ur Drnmattc Sctysety ￿1h 'ShrKt Siorte• t ind '8luo St(￿dngj. 18 wèll as Rlehmond Op•r•tlr Sod•ty wlK4 perfoThad ¥ lo S b¢Ah arn book￿ Sn for 2025 •hwB. Wo havo rnth•d The Cmtle Playern •rn ncw I￿n9 ID the G6orglRn •tsg• 4rmug1ty- th8y pwfomwd Ihe••Thlny Do HApw' In 2024 and or• *1 lo bFlng • fvrthr thow kn 2025. Th? oJTh aootn ho•l•d Mm¢ wor￿•rful p￿su¢l0n8 from Rk*mand 8th001 #nd 81xth Forni. Inrluthg m plac*8 and perfolrnjr￿ from Ihatr dr•rn• dub. M￿AY Sthfy)l - • loc•1 wlm•ry lthool ltrai ern lor thI￿￿￿￿1th1o•rnIfig dbltuJtde•-pwf¢rnwd • lov•￿ Mrfe• ol thornb •orvJ Tho In•￿1• was 7r•aiur• Ml•ftd'. w*lch extr￿ety well49c￿ by 8udlences and brd(• bDX offl¢e wrds •ooln. Jo M•*thlnney vffol• thtr KrfpL Y•ltsh nomln#W br • Nthnel Pantomlme Aw•rd. Th4(• w•• • mlx of pre¥lou• pwlrnr¥ •nd nawr￿rI 10 Ilw GooTgTr4n w•ll u th• yo￿9 Comyny o M uw•l *v• an •xcallenttsftm ol)YJung. pw10￿*￿. Youth Thuty• ￿￿•r1 b••n v•ry Ath•, qnjth rnwlAr Ind •dthilon•l 9￿1 Th•y rk•d Ireludy to •niuro produ¢#lono ol Ih•lr 8 •hw. Th• fyonEor gffjup t•ckW Ihwhl pnJ¥okJng pl•y8 In￿dIng,An￿•I F•mi' artd ¢h• ￿Tdorn took on • day ￿lled.JUngl0 Coov. The l•rq••l ofth• Youlh The•tre dau•8 Iha 141wlcd Th•81rn group• *lK* pwlormed • wonderful •huw ￿lI•d 'A Murfer •1 ML4l¢d•'. ¥thlc* ran lor 2 and Idd opjl cornplot*. They ¢onllnu• Io Ihfv•. Vl• w¥Ju￿ llk• ￿ look Into I1￿n0 8om• ol th• YouthThMty• ts p•rfmi kn ¥$￿¢￿1 dr•m• 11th•￿ trK4udlng Edlnburyh Frfng• In th• lufvr•. Tho G•orylon Th••tr• Royal fAinUnuu to play a ¥llal part In th• artkntk ￿d01 fivm oflhe vartou• v)mmunlUe•11 •w¥u. W• rnmlln wi8lul to lh• •upport r•cd¥•d I￿rn ow Frl•nd•, •nd lor lh• pgrbwrthlp womng we und•rtake tA4th kjral 8llrndloM fjr￿ r•JmMEtyw¢wJp. Th• w ?nd vwknd ?thIDvements rtsthue to b• do114*rad by a c¥JM￿lt8d Ind twn ol thll and ¥olurrt•wJ #lThe G90￿￿n Thvatrg Royol. 8r• ojrrgnlty glghl momkn of•l•ff ond go ¥dunt••rn #r•l•88ty lo dd¥er lh• Th•8tr•'8 •du&•donal, rJJltur•l and h•rftBga provlthn. The teAm Is Support￿ ty • mojl en9•ged end rewurc•ful eoard of TNslees. It18 through th• d￿le41(an ￿ hard olAII tho•e In}￿l¥ad At Th• Georglqn Theatre Royal that lh• obl*kn• ￿n￿nUe to b• fvlflll•d, •nd th• boord, •laff and NYlunt••rn nmy be 8egn Bn extondod Ivwn WI￿ INly10¥o t￿ uniquo Ilto0tr•. An•ncl•l rnwl•w Tho sthwkenl d Ftrw¥J•l 8htrM eyndthJrn for thg pwlod ol £95,804 (2024.. rf eygendllur• of £130.4251, Indudlng iolal In¥esknant galns of £4,17712024.' nèt galn of £20,494). Th• Un￿￿L￿d lurtd rtcordqd n•1 expe￿j11￿1O (Wore transf8r8 and In¥e8tmant 98kn81 of e114.611 (2024: £120,899). Total furth al 31 Ma 2025 ¥%wt E998,468 r￿mpar9d ¢0 £1.094.270 In 2024, Induo7ft9 ro*itt•J fund8 al £gS.36912024: UO.7391 and vnr•Btrlthd funds of£g01097 (2024: £1,013,$31 prfndpal lundlng ￿UrCeS ofthe tharfty In th• year wer•.. DonaU¢)ns and vdunlary Inc4Jme 01£58.814, box offic• IrKAme 01 £260,239 and prBj8Ct grant tn¢w¥ of £128.307. The grant Inrm prtmartly pr￿ded by Syl￿0 Crnthomo P•l•mrfBI Trust •nd Uz and Tery Braman Fo￿d￿￿On lo fln•T￿ lh• 8mwo￿l cosb of lh• Execuuve, and re8t¢rnUon to thè ￿18[8. The support ol our granl and wfv4¢e doncrs Is e8s•ntlil to THE GEORGIAN THEATRE (RICHMOND) TRUST LIMITED TRUSTEES. REPORT (INCLUOING DIRECTORS. REPORn (CONTINUED) FOR ThIE YEAR ENDED 31 MARCH 2025 1115 lh9 pollcy ofthe tharity thal unrestrtthd (unds VA￿* hwe not bo8n dwlgf4t•d a spadftc usa orlrN¢sled 1•w1b￿ fixed assets th¢)uld be malnl8ined 018 lov81 equ￿418￿ to b¢1￿￿ three and rmnth's wen1￿￿j[•. Th& trusw Ihai resth￿ 8tthl$ lovel will wthire tha( In the ov8nt ofa slgnhlcanldrop kn fundlng. tlwwll bo abl8 to ¢*ntlnuo th8 current acdvilles ¢on5tderalon15 glven to In ￿ 8dd6Oon81 lunds may be r&lsed. Th* b8lanc8 hold as un￿$ti￿rted (unds at 31 2025 was £903,097 of*l&ch £142,515 are wardod 0$ fr•8 reseThw o98h￿￿nres1[1¢￿ lex¢￿dry￿ depTeoaltonl InrAttred of£449,113 for the year. Th#rofty• th￿UghOU1 the yepr. Th8 Board ol Tw¥to8s do*8ted ded51oTrmklng on lThy•st￿l maiierB to Ihg Cld¥l Exa￿11¥8 Ind Iho H￿. Trea￿Ter*hO meèlthth ts Trusts bwèxt￿I mnay5 ai toast annudtyts the performanc•. Thg Tn￿rI Thè rashfthv foreEDBt Is rv•hwed rnguLgty to therB Is su111d￿ Ilquklmy lor Cf¥aral(ml neods. AIgn￿¢￿nI pgrt 01theTh￿ts 9&89151# in¥8stad thr• tts knve9tsn8￿ mwagws fc*thg long iemi OD B lotsl wroach. In o dr4er8W range ofawfs d0¥8es. Th& alm ￿ner•th a wlt¥l rntrmi I)￿r￿a term and ¥ft•r •4)8rn•S ol at l•astthe RPI In orfer to maknlaln real value rf Ih8TN8V$ asse1& Th8 In￿s￿ment 10 91 10osl matth Ihp wrftyman¢a ofthg ffwjorbencthrnark ITr￿1￿$ thdr0￿ ￿mpOS￿6 bendvnBr Th• (Iwlty¥ funth?SslrwJ ¢8mwlon-'A Ll¥tr4 Theatre: Glvo for Tkn. Nw and Try1Mwr￿- cMUnued tl*oui the year And (lonors malntalrsed Ihdr o¢wous Cash ftfA¥ Mnalns h• and Is ¥nbdpo¢•d 10 ramaln stable for at least the nort y*ars. The Future Fundlng Gmup. a SU1￿¢0MMIttee of th? BD8rd, ra￿A￿¢S to acthkniy 8eakfim1NWThJ ty)pfy1w￿08S1o 8MWe the doffdtgop lo￿* from trey￿d 2025M￿l ￿ fiif8d. Th• Imptyt8n¢8 of legades was hlghwited Iho yw and a fega(les drlw Is underwgy thrtrffjh Ih? brad ¥rKI lelfflels, Cotyes arn avallable at IheTheatre arnl have tjeen dlthbuw lo I(￿1 l￿dI0 Tho TnAtees have d18￿61$￿ Ihelr ¥i¥on ano ¢mbMkn tho Theatre shtyJld the nexi 10 yews and arn omnty lookthg at WL¢tgy vJ8t savtrvJ Initial￿5 and forward plarmrr¥J lor and maInter￿ce. The theatre rgrynuy wthrwent a succ8ssful. SIZ￿blO tollet renDvafjon to ffix a promlntytt and developthg damp188Ue. Nc4th Yth*shlrn Councl UK Shored Prosperfty Fund supported a thdy Into Ihe ￿81 of Insutalln9 th? Budlto loft Sp8￿ Whlje 8re nol gotng ah+￿ wlth th8t- w8 arg ImplwrtenYn9 rec(m￿lID1￿frorn th• prof85$1on8ts that 8har•J thelT advlcg Ihro¥Jgh the There Is 5th1 m￿￿te￿an¢8 th to be Indudtftg v8rfw$ rnpays al￿ Rdecualton. We are hopeful to be in a to submil some fundiTrJ appr￿a￿)n8 *J¢n. We need lo expfore the potsntl81 tr PUTdwse or It￿ ol Ihe bar onnex we8, on tho te8se ￿d¥ In 2027. We we n¢ of ts The81rn Gr•8nbooK a POBlfve ￿VIrOnments1 Ih881re %hwe •MI as 8 re￿￿L ￿ 8re n¢ c4rnmitled l) redudryJ IWrfn¢ 46 nvjch Keeplng In llne *lth the c4Nrent t￿e￿year Buslness Plan1202￿028￿ Ihe theatr0 tyj wow•s8 tra• th by lo￿$￿9 on the follo￿ key weasover Ihe ne)rt Ihree J￿rg. Prnfflo: Palt• proffi8 loca￿ roglon8fy, ano nalcmtly ttYtyJgh th?fvrtlJOc Progr4mrn p*tr￿$￿P6 and a 8dld Matholng Strntegy. Peoplw. Enwty * love erwuqh people wlih tho rjght s￿1& the Staff Twn and ¥rn¢W tho Vdunl¢w8 Trnsloes. Bylldlng: Melnlatr* htstwl¢ bulk1hw. hNiro¥e E￿rOnM•￿1 Suslak*Mty. Futhw •xpkn ts pot•thl fur PlnwrJal Su•talnablllty: Inc*•ats fjxwng ••nqd Ir*•m• streams, Idénffji ¢)ffi￿. Artd fw$ on lnrJ¢￿nq rogularglvln9. dcnauons ¥nd leqades. THE GEORGIAN THEATRE (RICHMOND) TRUST UMrrED TRUSTEES. REPORT (trICLUDING DIRECTO￿ REPORT) (CONTIMUED) KFldd MrJBrn IAr C Gr￿ tr M J IR¥W 26 ￿4) IR* 26 ¥ 2024) rnntoe lo c￿l￿but•£1 kn Ihe backsmurth relev￿ to oftho ¢lwlty. and ha5 owrnII Teswilbiltty for THE GEORGIAN THEATRE (RICHMOND) TRUST LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The tru51ee5' reportwas approved by the Board of T¥us¢ees. Mr C Grant Trustee 25 Juty 2025 THE GEORGIAN THEATRE (RICHMOND) TRUST UMfTED STATEMENT OF TRUSTEES. RESPONSIBILrrEs FOR THE YEAR ENDED 31 AIARCH 2025 any fflnorthl oo4lrm ¢lth• ¥*wrfty aThl erth tr) th•t tr* IlrwKl•l comptry th• THE GEORGIAN THEATRE (RICHMOND) TRUST LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE GEORGIAN THEATRE (RICHMOND) TRUST UMrrED Oplnlon W• ha¥• audIt￿ tho lh￿fida1 stalen￿ts of The GeorglAn Th￿tra (Rlthmond) TNst Llrrthod lth$'tharfty) lor tho y￿r •rrfl•d 31 Marth 2025 7hfilch c¢mprfB? fv 81alomant oftlngndg18thAtkn. thg bala￿ slwL the $tat•ment ol cash 11Th8 to the fflrta￿￿al slatsrnenls. Ind(Kltro *rdnwt a￿unu￿9 p)Ild•$. Th• flnordil repwung Ihpl haj b•on ￿pIE•d In thotr wopwauon * appOc•bb18w •nd Urffted langdom Accgwrrtlnu Slandwd Indudlng FInand￿ Rep)￿ng St•ftdwd 102 The Flnan¢tsl Repwlty Slwthdop• In lh• UK•AI R•pubKc of 1rn18ndlUnlled Wdom G9r¢oratyAc¥*ptadAca￿nIlftg Prncucgl. In 0uroplr￿n. the st#loment&' 91¥0 a INO f•lf th of th• Bla1• ol th• d•rft•bl• CDmpJty• •ffo1rn u at 31 Mrrti 2025 •nd ol Inc￿l￿a and •P￿IC￿lton ofrn8Our￿ for lh• y•Brthgn ended: have pwopgrfy prapar•d In ACCOTdanc• Unlbj Klngdom G•nor* fvml•d Pracfj¢a: 8•11•1or•plnlon W• conductod our audt tn •vAdonrx *lth Irrtaffl•Uon￿ St*r#J•￿0 on Audllk4 IUKI 0$￿ IUK}I •ppllc•bl• low. &Jr ￿pon￿￿11#•I und•r th0￿ 11ond8rd$ ar• lurthgr d6$ul￿d In th• fortho •udl ol lh• kncl81 ￿lI￿￿nI$ of our rnporL W• *r• lrKl•pwd￿l of lh• th•rtty In •C¢ord￿¢t wllh th• •lhlr41 rnqulrements tho1 •rn rolw8nt to our audll of tho fln&ncW •t•tsmgnts In tho UK, Indudlfig Ihe F￿* Eth1￿1 81anderd. ond w• h•w fulfilled ¢ur elher 8th1￿1 r••p¢)n*bll#lM kn 0¢¢4rd¢nr* ¥Alh r¢qUIrqn￿. W• bollo th•tth• 8wltt•vhJ•nc• ￿ have Obtath￿ l• ￿ffi￿￿t ond appro￿ to pwvAd• • b•th trour*¥ln ¢onclu•lon• wthllng t• golnB In au¢thg Iln•nd•l slal8rn•n￿ w• hsv• ￿nd￿l¢d Iht the Iru•t•u' of ts gotng con(•m ol •￿QU￿￿n9 In th• y¢pgrnlon ofth• fir￿dI1 ststwn•Thts 1$ j￿r0￿1?￿. b•oed on th• wtyk w• p*1onMd. w• h•w not IdenIm￿ any m•l•rtd uncwtabW•• r•lNfjftg to •v•nts or IdWon8 thal Ind￿d￿lI￿ or coll8thoty. may ¢4Bt •1gnMcMt doubt on th• rlbwW• aNlty to a• • gotr ¢onrom for • perlod ol It1oa•t monlh• from whon lh• fin8r¢dal •tsi•menl• arn athotl•8d for IM￿. Qur r•wMlbllllu and the of th• tru•i•u 14•p¢¢l to gdng c(me•m w• d••uts•d In th• rnlavlnl Mrthn• ol Ihls repryL Th• tru•lees qre reB￿lIN0 fw lh• olh¢r Intomwkn. Tha olhw InlamNqttM tr)mprkn•• Ihe InlomwlloD Induded In th• annual T•pori othor th¥n th¢ flnan¢to1 st*m•nt6 And our aud(torf8 report ther￿1. opknhm ￿ th• ftn•ndEI it•twn•ts doN rnt ¢4)vw lh• oth•rlnfomMtlon •nd do not eypr•u •Thy forni of*•wrnft￿ th•r•tyL ￿1h our audlt ol th• fimnclal 8tal•rnqnts, our T4￿n￿ll6ty l• to read the ouw Inftymabon and, In ddng K, ¢on8ld•r vthth•r Iha oth•r Inform8ltoTh 18 m•twkqlbt Inconslit•nl wRh the fln•ndal ilalom*ts ¢y our kntrhledge oblalned In lh¢ eudtt or othwwl$¢ 8ppearn to b8 mat￿9￿Y ml$8tstsd. 11 ￿ klenllfy iuth mBt¢rl81 In￿n￿918￿de$ or appar￿1 moietsl ￿￿late￿¢￿1S. ￿ 4r¢ requlr¢d to d¢t¢milfte ther• 1$ a mat•rfal mls*otwt In Ihe ffnandal statements or a fflaterf81 m188tatement of the other lnfomwU￿. ff. ba•¢d th• work ha¥• perfomwd. w• condud• Ihal ther• h • matartjl mh•l•lrnt of Ihl8 olhw InlonnJUon. w• •r• rylrgd io porttholts We ￿trI￿910 r¢w In thIB reg•rf. THE GEORGIAN THEATRE (RICHMOND) TRUST LIMrrED INDEPENDENT AUDtroR'8 REPORT (CONTINUED) TO THE TRUSTEES OF THE GEORGIAN THEATRE (RICHMOND) TRUST LIMITED MatW• on whlch we ar• rnqlllY•d to Nport by •x•llon We hB¥e nolhlng to iewt In rnBpod of th• foIk)*%ng mallorn tn refalknn to 7Athl¢h Ch4rf11ts Ilttourts •nd Reports) Rogul￿On¥ 2008 rnqutr88 to rwt to you N, tn oui oplnlon.. th• hthinth In th• •t&tafflants kn InLX4rM4l•nl h •ny mJl•l•l rew>oct wfth ts bwlo18' ffldent accounung Mt boon k•pL' fffjondd slaloments ar• notln 8gTOOmgrrt*41h th• arA*￿tIng m￿rds., OT we have not r•c•W Jll tho Infommlkn And •xp*natlonswe re9￿￿tre￿aUdlL oxpbh•d morn lulty In th8 8ialomeDt ol tru•*g1' rnwsTblllllw. th• tr￿9* arn •lw tho dlrnaor• of th• chartty forlhg pwpofte of cryy lllw. #o rv•pon￿blO forth• pryrnllon ofthe Ilnond81 SWth•nt$ end for bolThJ 1fiod lh￿ thay glvg a truo ond lalr th. tor wth Inlomgl control u th• biJbiau doi¢nnlng ￿ noC•$88ry to •nth ** pr•pwthi of ffn1nd￿ 6i•l•mwts Il¥1 arn lrn• firyn ftthrf•l mW•t•m￿L whelh•r du• lo lrnud or In pr•P•rt￿ th• flnlnthl •tst•m•rts, th• InwtM• •r• re•pwwlbkn Iw•••* tho Cha￿￿8 •bllty lo o)ntlnu• ￿ • gdng dlththg, M app￿L¥ble. m#ltern to golng (xY￿rn ar¢d U￿n0 the gojng ¢xn¢•m of •¢￿￿Tr￿n9 unl•M tho tru•t•M •llher Irtt•￿ to luuldglo th• th•rfl•bh comF4ny or to C•8￿ opw#ttoM, or hiw no Awdltoh r••pon¥lbblltl•a forth• audll of th•lln•n¢l•l •l•l•rn•nl• W• ho￿ baan appdntsd •B •udltor undw 145 of th• Ch•rtU•• Act 2011 •nd rnport ITr YAth th• Acl and Ido￿1 mad• or ha¥lng •ffect lhOr•￿deI. Our obJecd¥w ar• lo obl8ln r•alor￿)re awJThnc• •bout tAtsth•r thg fin•ftd¢l 8t•knonl• •B • *th01o fr•• from mat4rtd mls8tatemenL *thelher duo io frnud ty •ffty. and lo hiu• •n 8udlo¢• report th•1 Includ￿ Iwr oplrton. Rea￿atrIO ••wrnnc• h a Ngh IMI of bui kn nol a gugr•nl¢¢ Ih•l #n •udll ecThlucknd In 4ccord Ith ISAS IUKI atww det•L* • mat#rl#l mlMiat8ment Et 8xlits. Mkthwr•nt• con Irom fraud or 4YTorand con•tdered materfol W. or In th• 8gorn9•18, th•y could r•aWn•b￿ bo expethd to Inlbj the oconomk do￿￿0￿$ ofumrn tak¢n tyi b•sts oflhu• llnw)d•l •1otwn•nlA. Th• •xiwl oyrplo￿dumi •rnw•bl• of d•t•dnq knrthjthngfmud. h delall￿ b•kn¥. Our 8pproMth 10 IdonUWg •nd •w88lng ol rn1t•rt￿ ffA••lat*nAnl In ro•pKI ol Irr•guL•rfllw Inchhllng fraud•nd nOr￿lI￿rt￿ *lth aThJ rngukntlon8. loll0￿.. . lh• •ngag•rn•nt •nwr•d th•t lh• •ngymwrt t•wn ¢all•thAy the apwoptst• Mmpetw¢M, t•￿tIN¥•I 8nd lo Id￿ or r0￿nE80 nonllc0m￿￿n￿ ￿1b •PF41rable IM and r•gul•kn • w• Id•nlllled ¢he laws and requ￿￿0￿ Op￿1¢￿ble to the ccffjpony ltrmgh dknj8o1o￿ vlth IN•is$8 •nd m8nagomenl, ond from our kno*ledge and •xpthen¢e Oltr￿ dMrflabl• and It￿tre oectorn: . we wdn¢ L•wi and rngulth 7Athh x thn￿d￿ed h•v• 4 dlrnca mAt•rf•l offect ¢11 tho llnand41 tht•monts or lh• op•r4ltong of th• Yeparats￿ of finanoal stolemenls. Th¢ members have not required Ihe cornpany to obtain on audit of Ils finantsal siaiements the requirernents ol Ihe Cornpanies kl 2CIK. lor Ihe year in quests￿ in ¥coydan¢e ￿1h SeC￿n 476. These finanoal Slalemenis have be￿ wepgred ￿ amydance ￿¢h the probis*ys applicabte io companie5 Subject the srnall companies regime. The finanoal slatemenls approved by Ihe IN51ees C￿ 25 Jjly 2025 Mr C Grant Trustee Company registr8ti0Tr nwt*er 006461551 IEngLwM1 and Wa*sl THE GEORGIAN THEATRE (RICHMOND) TRUST UPAITED STATEMEiif OF CASH FLOWS FOR THE YEAR ENDED 31 AIARCH 1025 rr4A76) {1.391) (49,8681 (4541 4J75 frn243) 113.471 1￿714 117.470 111471 13. THE GEORGIAN THEATRE (RICHMOND) TRUST UMrrED NOTES TO TrIE FINANCIAL STATEMEKrs FOR THE YEAR ENDED 31 AIARCH 2025 •ppleth In tho UK WKI RIP￿¢ of (FRS 102r. clwmy Ib a PubDc 8onofft Enttty ￿ d8lrod ty FRS 1ff2. 12 Ilolng ¢¢￿¢•M •nd IhlB ¢hx•ky Bo•rd w¥J CEO. On tho b••l• •wMThnl al lh• ¢uff•ni 1J Ch•rfl*bl• obleth•. IA In¢qm• 14- THE GEORGIAN THEATRE (RICHMOND) TRUST UMtfED NOTES TO THE FINANCIAL STATEMEiifs (ClJ¥rn4UED FOR THE YEAR ENIX• 31 IAARCH 2025 {¢•nthu¢d) IJ Expendtts -15- THE GEORGIAN THEATRE (RICHMOND) TRUST UMifED NOTES TO THE FINANCIAL STATEAEKfs (CONTINUED) FOR ThE YEAR ENDED 31 AIARCH 2025 fithd• fund• 014 14OL 51174 58,514 $4674 fvnd• 2025 20 240.130 248.138 20,788 34.100 I2)￿)? 1a307 34.100 281159 128 411,486 2e8,VIO 34.100 303.028 Cth•rftth ¢h•rll•bl¢ 2025 2024 Fund 1•>)7 25,000 9.100 34.100 THE GEORGIAN THEATRE {RICHMOND) TRUST UMrrED NOTES TO THE FINAMCIAL STATEMEKrs (coKriNUED) FOR THE YEAR ENDED 31 MARCH 2025 lngomefroffl othorlrn¢llnA actmlles Totsl fvndj fund• 2024 2024 Blr, Ic* u•omand 45.102 4&102 39,236 2.100 8.190 11576 Rental InryJme ndlknry tnrA%r 2,100 8.19 9.374 9J74 15.081 1&081 13.576 $4,476 15.081 69.551 49.526 I3￿76 &1.102 4.143 232 4,375 3.810 Unmtrlct•d Unr••trlthd nd8 2026 15.g18 18,697 1.493 1,347 Total c• 17,411 18,044 17- THE GEORGIAN THEATRE (RICHMOND) TRUST LIMrrED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCM 2025 ExPthdSts￿• Exp•ndliur• 2024 DlTr¢t ¢o•ts St•ff costs DewgdJU¢Jn and lryalnn•nl Pmpety wunnkn9 Office ￿pp￿lAnd runnlng cull Ntsrk•ffng ond Repah and milnlonanc• Crylerconwmpbh •xpgr Lfjgd •nd profu￿onal f••• Stsff reuullmonl arKI lrntnTng Sundry •xpono 190151 75189 37.108 8,116 10,057 86.022 4S.9SO 7.142 8.253 2,98e 2S,664 450 2.787 29,303 2.873 14.385 75 3,312 24,120 3,283 78,227 eonk dwrg8• Pmdudlon ohav•l• C4JTryml•i In h(xM• p￿d￿tIOn exporw• e5.709 61,609 4.8eS 7204 4,970 Bfothurn publk•iion An4lyg1• ty fvnd 497,724 128.75e 481,7e1 77,706 628.482 $59A87 In￿A￿d In th• l• £92,785 (2024: £96,406) r￿l¥j to WPFQrt co1￿ of ts dwlty. Lo981 •nd proleMknn•l f¢M Indudo8 ￿Y￿nIs to th• •udknrn of £&150 (2024: £4.88s) for fe08 •rtd t11,049 024: £8.7801 for olh•r Norffj d th• trust￿1 l<* any persor• IIMMI rncd%*d •ny ben•fj* from tho durfng lh• yew. THE GEORGIAN THEATRE (RICHMOND) TRUST UMITED NOTES TO ThE FMNCIAL STATEMENTS (C014ThUED) FOR THE YEAR ENDED 31 MARCH 2025 1￿.181 182.234 1Q31e 4,rA1 4.114 196.551 fvndo in8 20JOO 194 4.177 11 T•x¥lon 19. THE GEORGIAN THEATRE (RICHMOND) TRUST UMITED NOTES TO THE FINANCIAL sfATEIENTS qcoKf*iuED) FOR THE YEAR ENDED 31 MARCH 2025 Talal At 1 Awl 2024 561.925 11126aX) 1W50 1W10 2.837J85 1J91 At31 Much 2025 5619X Z0263(KI 189.W 161,601 2.939J78 Al 1 2024 ZX624 1.fy)7.763 &33S 44298 142.665 123.71X) 2.112.772 3.993 86.022 At31 3)25 1.651￿1 1SZ061 127.893 11rnPJ4 Al 31 Marth 2025 314J86 374.119 37W9 33.906 M,$82 At 31 IA*th 2024 323Xt1 418,417 36,510 825213 At 1 1024 2￿752 49.868 4nB r2285) (46. (44.5011 31 Pl•th 2025 211127 215.592 31 MaKth 202S 212.127 215 31 March 2024 S.730 208.752 14 8to¢k* 1807 THE GEORGIAN THEATRE (RICHMOND) TRUST UMrrED NOTES TO THE FINANCIAL STATEMEiifs (CONTINUED) FOR ThIE YEAR ENDED 31 AIARCH 2025 16 l>•lA 19,322 19J2• 2024 4.815 1321 4,212 89.193 101887 1US1 18.351 Uz And Tffj 8ramo1 Fwid•llon SytrA• {U487 (1Q3841 100 n.102 6.916 1219 9.1 NYCC UKSPF Fmlblty 8bJ 1U380 {128.758) THE GEORGIAN THEATRE (RICHMOND) TRUST LIAqrrED NOTES TO THE FINANCIAL STATEMENT8 ICONTINUED) FOR THE YEAR ENDED 31 MARCH W26 (Conllnu•d) Prn¥lou* y•or: At I Incofflthg R•low￿• Tran•l•rn At31 Much 2024 Paul It￿ Le•mlng Ckn Furkl Tho Uz •r•J Tery 8raThll Found•llon ond Sylrf• Crathonw M•m0rfalTTh￿I Fund R••¢oratton FUNI Naw Flr•hJomi 8y*twn NYCC UKSPF Feo•lblDty SW 18351 14351 7￿61 6.767 12.000 2S.000 13,576 148,S921 119,1141 (110001 64.069 1210 9.IlJO 9.100 2222 12.222) 112.991 47.076 (n.7Q6) 12,2221 Tha Paul Iles L￿mIng Fund wu ••t•blb*rfd In 2012 by• ltyKy recelNvd fromthe e•t•t• ofPoul It••. a form•r •••od•ts dlr•clor of ¢h•rlty. to lund the dMhwn•nt of • now Lo&MIr￿ C•ntro at tho Go0ry10 Thv Uz ond T•ry Foundalten SylvlD Cmihorn? M•morW Fund was eBl•bNth•d by Irnn Ir¢m th• two th•rtt1•8 tow•rd& th• r•uulthiwrt 4nd ongdng •mptyn•nl coli• ol th• Cht8f Exer￿fv• ef the G•orW•nTheatr• Ro￿L Agrnnl rq¢•W from 14Jrth Yowk•hlr• ¢￿fid1 to lurtd • t••￿bIlIty￿jdY Inio lh• Imjlallon And vondl•lbn ofiho •udRorfum, And h1￿ w4lc•o h lh• ￿ vold could b• r￿¢￿•1•8d. Ihl# was fuuy •¥ponded h the ￿&r. Mon￿1 r•lwd lrnm th• rn•tothn thwgod ¢n Box offlt• tt(&•l w• •ll￿(ld to th• R••ior•lt4n Fund Wh￿ l• for rmtorfl￿ and rnalntilfithg th• Ih••wa. Grwts t•e•W In th• PTh¥￿Ul yeor from'.Tha Normrnby Chfyrftth TnAL Th• J8d( Trust and Theotr•8 TN•VTh• Unknry Th￿t towwdl a •lwrn #￿t￿M. fvnd hA• b••n futy •xpwdad In th• pve¥lousyg•r. Agranl r•¢d¥od from th• Sylth Crnthom• Tru•1 Fur￿ lor lh• rn#{x￿lon ofthe toJot•. Ihl• ful￿*Xp￿d•d In yw. 18 An*il• oln•t b•tw•on fund• Tolal lund• 2025 thJnd• 2025 At 31 Il•r¢h 2026: Tanglblo 4¥8911 780.582 216.$92 22,292 21&W2 Curnnl as8•1￿lIabl￿Os) 95J89 9￿097 96.369 998.488 THE GEORGIAN THEATRE (RICHMOND) TRUST UMrrED NOTES TO THE FINANCIAL STATEMENTS (coiifiHuED) FOR THE YEAR ENDED 31 fiARCH 2025 IConthiu•d) 2024 At 31 M•r¢h 2024: 825213 2Qa752 120,4341 825213 208.752 6oJos 1.013MI 80.739 1,004270 101 In 04v fv• y• 1849 Dqficrttrtr* >wr 198￿04) (1>).4251 (4,37SI (439) (3.Th1 PO101 PD2001 11631 (1,312) S,286 3ffi8 (74.S761