Registered number: 00499076
Charity numbar: 249169
WILTSHIRE CREATIVE
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ishop Fleming

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Refergncg and Adminlstratlve Detsils of the Charity. its Trustees and Advlsers
Trustses, Roport
Indopondènt Audltors. Report on the Financlal Statsments
17-20
Consolldated Statement of Flnanclal AcUvlOoS
21
Consolldatsd Balancè Sheet
22
Charity Balance Shggt
23
Con¥olidatsd Statement of Cash Flows
24
Notes to the Flnanclal Statemènts
25-44

WILTSHIRE CREATIVE
{A COMPANY LIMITED BY GUARANTEEI
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrfY, TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
H J Birchenough1
D A H Bos8om, Chair1
V J Broom (resigned 19 June 20241
T F Clay1
M Curteis
N H Fr8nkfort Iresigned 14 Decembgr 20241
M Fr￿r (resigned 15 July 20251
V Hickey1
N Jenkins
J G R Perry Iresignad 14 De¢ern￿r 202411
E Wills (resigned 1 May 20251
R Macdonald (appointed 25 November 202411
D Chapell (appointed 15 May 20251
N Humby lappointeA 15 May 202511
R McCay-Hines lappolnted 15 May 20251
B Mesler (appointed 15 May 20251
C Marbn {appOint￿ 1 September 2025)1
Finance Committee
Company registered
nurnber
00499076
Charsty registerèd
number
249169
R•glstsréd offlc8
qxli<hiJry Pl2yhousÈ
Matthouse Lane
Salisbury
Wittshire
SP2 7RA
Obseriers
wI￿shIre Councll.. T Earfey
Salisbury City Council.. S Charteston
Arts Council England: T Gore
Jolnt Chief Executives
G Machin (Artistic Director}
R Corbishley (Executive Director- appointed 14 October 20241
Senlor management
tsam
J Coveney (Senior Producer)
S Gregson (Take Part Director- appointed 7 April 20251
J Davies (Operations Director- resigned 12 December 20241
J Wood (Operations Director- appointed 1 January 20251
S Coleman (Finance Director- appointed 12 August 20241
S Lock (Director of Audiences- appointed 12 February 20251
H Taylor (Developrnenl Director)
J Trtcombe (Products'on & Technical Director)
K Vaughan (Head of People & Resources}
Pa9e 1

LTSHIRE CREATIVE
IA COMPANY LIMrrED BY GUARANTEE)
REFERENCE AND ADMINISTRATIVE D￿￿Ls OF THE CHARtTY, ITS TRUSTEES AND ADVISERS
(CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Independant auditors
Bishop F￿MIng Audit Limited
Chartered Accountants
10 Temple Back
Bristol
BS16FL
Bankers
National Westminster Bank plc
48 Blu8 Boar Row
Salisbury
Witishire
SP1 1BG
Page 2

WILTSHIRE CREATIVE
{A COMPANY LIMITED BY GUAIiANTEE}
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
CHAIR'S REPORT
l am delighted to introduce the Trustees, Report for 21724125. a year in which Wlltshire Creative made
significant progress, wf(h many indicators that we are heading forwards with confidence, heighten￿ ambrtion
and increased resbllence. Agalnst a deficit budget of £148,000, the hard-wgrking team has been able to
produce an inuease in free reserves of £146.360 to £213,601, a remarkable result. This successfvl outcome
was achieved by an energetic and committed staff producing and presenting a myriad of diverse activities
across rnuRiple venues. while being increasingly focussed on new revenue streams and careful cost
rnanage￿ent.
1am constantly astonished at the range and volume of activty that Wiltshlre Creative generates (in 2024125.
over 350 shows and events in our venues). But nol all of this is seen widely.. there is much work that goes on
largely behind the s￿neS with groups of specific ages, abilities or location and this is just as important to us
as the high profile, main stage theatre. In 2024, our Take Part team provided 736 engagement and leamlng
sessions, enriching the lives of over 15.000 people from 811 ages and backgrounds. These in¢luded over 200
free events, many of which were held outside our venues and often in partnership with Ioc81 communsty
organisalions.
BLrt as alway$. the headlines are dominated by Ihe work that we originate oursefves, averaging seven
prodLJCtions per year. Amongst this home-produced work in the spring of 2024 was Ajan Ayckbourn's ever
popular A Chorus of Disapproval, directed by Gareth Machin, our Artistic Director. The third besl-selling play
that we have ever prOdU￿d. this show heralded a retum to larger casts on our main stage. with 13 actors.
Our co-production of the new jazz musical Play On! with T8lawa Theatre Company, fusing the music of Duke
Ellington with 8 contemporary re-lelling of Shakespeare'sTweh2h Night. played LJP and down the country from
Liverpool to Bristol lo London. Over al the Salisbury Arts Centre in July, our youth theatre Stsge 65
presented a bold reimagining of Philip Pullman's Ghosts and Grirrirn Tales, starring 65 young actors. In 2025,
Stage 65 will celebrate sixty years of creating life-changing opportunities for young people. In Sepl8mbar. wa
presented Birdsong. a co-produced adaplalion of Sebatian Faulk's epic story of love and loss th81 exceeded
our revenue largel. This was followed by another co-production, Stones in His Pockets, a FAay by Marie Jones
imagining a cultural Collision betsveen Hollywood film-makers and tsyo Irish extras.
Pantomime is the most high-profile production of our year, and in 2024 Sleeping Beauty, directed by Ryan
McBryde, played to capacity audiences lover 25,000 in totsll. helping to generate income that can be used to
subsidise other productions and activilies around the year. The Show won a national award for costumes, was
nominated for set design and received a &star review in The Stage. Ryan also directed our hugely successful
0￿prOdUGt1on of The 39 Steps. from the novel by John Bu¢han, which played in February and M8rch 2025.
This proved a tremendous hil wf(h audiences and we were proud to send il on its way lo Colchester and
Bolton. Meanwhile, our 2023 production of The Girf on the Train began a national tour.
Getting work out into the streets of Salisbury where it can be seen and enjoyed by the local population (often
for freel is another important component of what we do. The 2024 Salisbury International Arts Festival
opened with Patch's Parade. an ambf(ious large-scale pEce of street theatre, featuring a six-metre t811
puppet, nine puppeteers and 8 small amiy of musicians, singers and dancers rocking the route. This huge
cornrnunity project drew more than four thousand people onto the streets of the city. As usual. the 2024
Festival feaiured a large varlety of differerrt experience5 inGluding ￿medY, circus, dan￿. spoken word and
Mus￿, and was attended by 6,446 people.
For six months of this financial year, we were without an Executive Director and I was partiojlarly grateful lo
Garelh Machin. Arb'stic Director, for keeping the show on the road throughout the interregnum. continuing the
delivery of a high-quality artistic programme while keeping an eye on all of the many other moving parts of the
org8nisation.
In October 2024. after an extensive recnjitrnent process, we were absolutely delighted to welcome a new
Executive Director, Rosa Corbishley, who had most ye￿ntly come from Bristol Beacon. Rosa has brought
new energy and enthusiasm to Wiltshire Creative and her impressive track record in fundraising will be
invaluable as we look forwaTd to starting a capital project in 2025r26. Rosa is already building strong
Page 3

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
GOVERNANCE STATEMENT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
relationships wth key stskeholders, induding our public funders and local philanthropists. The latter strand of
revenue will become increasingly important in the future.
The refreshed and rejuvenated Joint Chief Executive team of Gareth and Rosa is well supported by a strong
Senior Management Team in which the year saw the appointrnenl of a new Finan￿ Diie¢tor, Take Part
Director, Operations Director and Director of Audiences. Together, the management have engaged in a root-
and-branch review of costs, efficiencies arml new revenue streams and this is already contributing significantly
to the bottom line. as seen in this yearfs increase in general funds, which will allow us to make a welcome
ddition to our rÈsÈrves. Thè régime in the Finance Department has already overseen the successftjl
implementation of new accounting software, improved finanaal processes, and greater Board visibility.
The Board itself has been subject to reinvigoration during this year. We sald 8 sad farewell lo long-
serving Trustees, John Perry and Nick Frankfort. Jo Broom, Mat Freer and Eleanor Wills also left us during
the year. We were pleased to welcome five new members to the Board. We are fortunate that we were able
to find suitably qualified Trustees from an enlhusiaslic pool of applicants and this year we have impioved our
strength in the areas of finan￿, corporate culture, capitsl projects. fundraising and youth-focussed theatre
production.
So the 2024125 year ended very positwely. with new energy and momentum driven by our excellent Joint
Chief Executives, their very capable Senior Management Team and a re-energised Board of Trustees. At the
time of wrib'ng, a significant project lo identify and redefine the organisalion's core mission I'Purpose'} and
deliverables I'Goals'l is nearing completion ￿th the help of the Fly A Kf(e consultancy. In the light of this
greater confidence and ambition that is visible throughout Wihshire Creative, we have been able to approve a
modest surplus budget for 2025126.
As Usual, I would like lo thank the Trustees of Wiltshire Creative for their eontributions and support during this
year. Trustees freely give their time and prtsfessional skills to oversee the welfare and prosperity of Wiltshire
Creative. Despite the economic and poif(Ic81 headwinds which have brought some dark douds over regional
arts organisations, I believe that Wiltshire Creative has sufficient loyalty and commrtment from the many stsff,
Tru$lees and volunleers who embrace the importance of cutture in our community, to thrive in the years
ahead.
Doric Bossom- Chair of Trnstees
Paga 4

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
GOVERNANCE STATEMENT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
OBJECTIVES AND AcTIV￿lEs
The objects of the chartty as set out in the Memorandum of ASSO￿at￿on are:
For the public benefit, to promote atyj advance education induding by the productKJn and presenlation of and
public participation in the arts and culture, and in parbcular through the performing arml M5ual arts and a
festThial.
Our Vision
To enrich the cultural and creative life of Salisbury and Wiltshire
Our Mission
To create and present a dynam￿ and inclusNe range of cultural experien￿ for the people of Salisbw,
Wiltshire and beyond. including our role as a South West hub for tslent development and leaming and
participation
Our Values
CreatNe
Inclusive
Ethical
Our Strateglc Alms
To Pfoduce and present new, diverse and original work balanced with our commitment to the classic
repertoire
To act as a hub of diverse talent development for the South West
To colebrate our work, by promotin9 our id•ntity and vision and ￿Suring w• build und•rstanding and
recognition of our work at local. regional and national levels
To broaden the dNersty of audiences and participants experiencing and involved with the work of
Wiltshire Creative, thereby extending our reach. profile and relevance
To embed Arts Council England's Let's Create strategy and ils associated Investment Principles into
the fabric of Wiltshire Creative
To operate within a financially sustainable business model, which maximises income and balances
financial prudence with calculated artistic risk
To act as environmental champions, sharing goc¥J sustainable practice, advocatiro for the
envlronmental cause and working towards a zero-carbon footprint
To ensure the well-being of those people who work wrth Witshire CreatNe, induding support for skllls
development and career progression
To act as a dynamic and inventive cuttural partner within the aty
The core objectives of 2024125 were as follows=
To produce a popular Main Stage programme that maximises income F)Otential.
To continue integrating the year round communitylparticipatory activity within the core artistic
programme.
To develop our perfomance and participatory offei for young people.
To stabilise and build on our financial position.
To develop a thriving culture within our work force.
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WILTSHIRE CREATIVE
IA COMPANY LIMrrED BY GUARANTEE)
GOVERNANCE STATEMENT ICOTrtnNUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Itshire Creative is a mutti-art fom organisation that celebrates both the distinctiveness of each art form and
the OPF)Ortunilies afforded lo explore the interaction btheen them. Our produced and presented work is
rooted in and draws inspiration from Will$hire within which we are the largest cultural org8nisalion. We also
continue lo be an exemplar on the national stsge. with a reputslion for collaboration, innovation and
excellence. We forge International links, bringing the worfd to Wifishire and showing off our county to the
world. Our programme is seen In our tsvo buildings, Salisbury Playhouse and S81isbury Arts Centre, as well as
across the city as part of Salisbury International Arts Festival. Elements of our programme travel around the
wider county. country and inleTnationally through a WKle range of partnerships within the subsidised and
commerci81 sectors.
From the arbsts with whom we work. to the audiences with whom we eonnecl. we support, nurture and rejoic
in leaming at all levels. We seize opportunities lo engage with a greater range of socio-oconomic groups,
including militsry families, those living wfth disabilities and those living in rural isolation. The charity ensures
that its activities are accessible lo as diverse a range of users as possible. We offer a wide variety of
participatory work to a range of ￿1MMUn￿ and schi)ols' groups, thereby increasing the dwersity and numberg
of OUT Participants.
Will¥hlrè Cr88tiva rac8Nes fvnding from Arts Coundl England. Wittshire Council and Salisbury City Council_
We are grateful for the continued support of our statutory funders bul il is vital that the charity maximises
other income streams, to ensure that the organisation continues to thrive well into the future. For example,
profits from the Front of House IFOHI operation at our tsyo venues and as part of the festival are directed back
into the charty's core purpose of making art.
Fundr8islng continues lo be a key element of our finanaal strategy.
The organisatioll has 8 wmmitted, hard-working and highty skilled staff as well as a dedicated team of
volunteers led by Joint Chief Executives supported by a Senior Management Team.
ACHIEVEMENTS AND PERFORMANCE
Sold 91,803 lid(ets
Offered 15,549 discounted tickets
Distributed 7,486 complimentary tickets
Sold 24.219 Sleeping Beauty tickets, achieving 840h capacty
220￿ of Sleeping Beauty bookers were first lime bookers
Arti5￿C Programme
Our artistic programme across both Salisbury Playhouse and Salisbury Arts Centre as well as other extèmal
venues was Inade up of a mixture of home-pr0du￿d and presented work.
Home Produced work
A Chorus of Disapproval - A major revNal of Alan Ayckboum's dasslc comedy about an amateur theatre
group presenting The Beggarfs Opera. Programmed as an early summer blockbuster, the production
enabled us lo offer a large cast in an ambitious musical performance that attracted our third biggest ever
audience for a play.
Ghosts and Grimm Tales A thrilling r&imagining of Grimm Tales adapted from Philip Pullman by fomier
Artistic Director. Philip Wilson and with additional material from Jayne Vvocdhouse. A large cast of young
people brought the tales to lif8 at Salisbury Arts Centre with an inhouse creative team led by director. Clare
Threadgold.
stones in His PoGkels - A co-production with Bam Theatre Cirencester and Octsgon Botton, this acdaimed
pri)duction was directed by the authorfs son, Matthew McElhinney.
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WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEE)
GOVERNANCE STATEMEMf {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Play On - A co-products'on wth Talawa Theatre Company, the British premiere of the successful Broadway
reinvention of TweKth Night. Reviewed in the Guardian as a 'sparkling musical, which luxuriates in its
musicality and movemenf the production subsequently travelled to Bristol Old Vic and Lyric Hammersmith.
Sleeping Beauty - With a stunning design from Katie Lias whose work was reojgnised at the National
Pantomime Awards. winning Best Costume Designer, this beautiful production br￿Jght great joy for old and
young alike.
Th8 39 Steps - A mAjor reviv81 of Patrick Barfow's brilliant adaptation of John Buchan's novel. Co-produced
with Mercury Colchester and Octsgon Theatre Bolton, we are cUrren￿Y discussing a future intemational lrfe
for the production.
In addition to these brand new pr¢JJuctions, commercial producer Simon Friend successfully produced a
national tour of our 2023 revival of The Girl on the Train directed by Loveday Ingram.
Presontgd programm• at Sali$bury Playhouse and Sallsbury Arts Cgntrg
Throughout the year, the Main Stsge at the Playhouse and Salisbury Arts cent￿ hosted 8 wide variety of
presented music. comedy, theatre, dan￿, family shows and spoken word. Highlights induded Stuff and
Nonsense, The Mousetrap, Omid Djalili, Reginald D. Hunter, Mark Watson. Pam Ayres, Rupert Everett, Billy
Billingham, Maggie Alphonsi, James Wilton Dan￿, Alexandra Shulman. Cara Dillon, Jenny Eclair, Scummy
Mummies, Graffib. Classics and Pasadena Roof Orchestra.
Sallsbury Intematlonal Arts Festlval 2024
Our 2024 edition saw us draw inspiration from the centuries old tradrf(ion of the Salisbury Giant. This year an
audience of 5,000 welcomed a new Giant to our city, Patch and their companion Penguin, who par8dèd down
Milford Street, accompanied by music and dance heralding the stsrt of our City Encounters weekend -
days of free family activty in and around Market Square.
Within our buildings, a vibrant programme of music, circus, comedy, spoken word 8nd theatre entertained
audiences over a week period. Highlights included Anton Lesser and Orchestra of the Swan's celebration
of Laurie Lee with music from Elgar. Vaughan Willians, Walton, Holsl, Britten, Albeniz arKI De Falla and
Ockham's Razor's groundbreaking circus adaplalion of Thomas Hardy's dassic novel Tess of the
d'urbervilles. The wider programme saw perfomiances and events featuring Celebrat￿j writers and
perfomers induding Juliet Stevenson, Ruby Wax. Anthony Hofowitz, David Baddigl, Punt and Dennis and
Barbara Dickson.
Artist Support
Wiltshire Creatlve's Artist Support programme aimed to support and build relationships with artists of drfferenl
dlsciplines at all stages in their careers who were based locally and nationally and whose work fed into the life
and work of the organisation.
Research & Development space al Salisbury Playhouse and Salisbury Arts Centre was given lo the followlng
artists:
Mel Hulland
Louise Voss
Arran Juty
Millie Booth
Louise Jordan
Vic Briggs
Finn Lacey
Krislina Stephenson
Laura Jasper
Michael Scott
Sasha Frost
lona Johnson
Anna Harriot
Wiltshire Creative commissioned the following-
Stephen Sharkey- The House in the Woods
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WILTSHIRE CREATP4E
IA COMPANY LIMrrED BY GUARANTEEI
GOVERNANCE STATEMENT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Wilsher, Plested & Brown- Jack and the Beanstalk
DIVERsrrY AND INCLUSION
Diversity and Inclusion are at the heart of our mission and business plan and are actively promoted by the
Board and Executive. We champion diver5f(y and a￿58 in the broadest sense atxl value people's
differences. We are commiited to providing a working environment in which everyone feels safe and
suptK)rted and is able lo realise their full potential and to contribute to the organisalion's success, irrespective
of what mKJht mark them out as 'different'.
Over the past year, Wimshire Creatwe has made signrficant progress in embedding inclusion and access
across our organisation. We have re-engaged with our valued volunteer nthork, including Young
Ambassadors and Trustees, to identify sUPPOrt needs and integrate diversity and inclusion into recruttmenl
and training processes. A skills audf( has been completed for Trustees, and a refreshed induction plan is now
in place.
Through deepened community partnerships, wfth Exeter House, Sarum Academy, and others, we've
reaclivaled projects supporbng young people and those with additional needs. This includes new drama
groups b&in9 launched in several local schools, and projects involving perfomiance opportunities and creative
design opportunities for SEND students.
Our Inclusion Working Group is now embedded, wrth a sub*roup actively reviewng aC￿sS provision. The
group have continued lo ensure that all access provision informalion is up to dale and readily available to
assist in booking shows that cater for the appropriate audien￿. The groups have also been researching
captioning screens and developing 8ccessible maiketing materials such as British Sign Language flyers and
audio programmes.
Staff training has focused on mental health and neurodiversity. with policies updated to reflect best pra¢tie8. A
new inclusive recruf(ment prO￿sS is in place, supported by an applicant tracking system launching in
2025126. As part of leadership thanges, the Executive Director has been identified as Access Lead to ensure
strategic 8ccountakn.lity going foNard.
This work strengthens our organisational curture and our abilty to serve diverse communities wth creativity
and (xre.
TAKE PART
During the year Wltshire Creative's Take Part programme continued to deliver a wide-ranging and inclusive
programme of creative engagement, with 8 focus on five strategic priorili8S:
Developing skills and opportunities for young people
Building sustained relationships in areas of socio-economic disadv8ntsge
Improving access for people with Special Educational Needs and Disabilities {SEND)
Reducing social isolation and enhancing wellbeing throL￿h creative participation
Youth Arts and Education
Youth Theatre
Stage 65 Youth Theatre delivered over 540 sessions for p8￿CIpants aged 6-21. A highlight was the July
2024 production of Ghosts and Grimm Tales. 8n Immersive, site-specific performance created by over 60
young people in collaboration with a local playwright. This marked the first full-sozle youlh production since
the pan¢Yemic and contributed to a 10Yo increase in memt*rship.
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WILTSHIRE CREATIVE
IA COMPANY LIMrrED BY GUARANTEE)
GOVERNANCE STATEMENT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Young Technicians
The Young Techniaans programme supported 12 participants aged 14-18 in developing technical theatre
and live music production sknlls. Parbcipants gained hands-on experience through placements and shadowing
opportunllles, Including work on yOLrth theatre. live tnU5iG events, and the professional pantotnime. A
dedicated CrealNe Careers Week connected 20 young peopte to further training and employment pathways.
Youth Muslc
Youth Music activity expanded through Band Nights and Jam Nights, offering plafforms for young musioans
lo develop and perform. A Rap Masterclass provided intensive training for four participants. culminating in a
Festival perforrr58nce.
ltshlre Creatlve Academy
Wiltshire Creative Academy which we deliver in partnership with Witshire College, enroll&J 33 students
across Level 2 and 3 UAL Diplomas. In e8rly 2025, students devised and toured perf0m18n￿ to local
schools and care homes, integrating education with community engagement.
Communlty Engaggmgnt
Take Part maintained ils commitment to worktng with individuals faang barriers lo particApation, including
NEET (Not in Education. Employment, or Training) young people and those with mental health challenges.
The 2024 Festival's Patch's Parade exemplified this approach. engaging over 100 community performers
through 22 workshops and performances.
8emerton Heath
In B8merton Heath, the programme delivered targeted activity including the Play in a Day holiday scheme.
weekly drama club at Sarum Academy, and the Family Fiesta, which engaged 260 residents. These initiatives
led to further engagement, including bursary pl8￿MentS and ac￿6 lo the annual pantomlm8. which
wel¢om&J 8CK) attendees ftom marginalised ba¢kgrounds.
Early Years
For eady yeaTS. Under 5s Fridays offe￿d 37 sessions of free and low<ost creative play, including arts. crafts,
dance, and yoga.
Well City
As a Well City partner. Wiltshire Creative supported people with mental health need5 through personal project
sessions, online art dubs. and artist training. The Well City Symposium in September 2024 shared learning
from the Ihree•year programme.
Special Educational Needs and Dlsabllities (SEND)
Access for people with SEND was enhan￿d through 20 accessible performances and the launch of a
satellite youth theatre at Exeter House Special Needs School. An inclusion assessment framework was also
developed.
Older People
Work wlth older peO￿e included the Mind the Gap programme, Dan￿ 60, and events such a8 the Jazz Socaal
and Vinyl Café, now a user-led initiative. A total of 85 volunteers sUPPOrted delivery across the year, many of
whom are older adults, contribLrting lo both programme delivery and community cohesion.
DEVELOPMENT I FUNDRAISING
Fundraised income continues to play a vital role in supporting Wimshire Creative's financial sustainability and
our ability to deliver a rich and inclusive programme of work for our communities and beneficiaries. We are
deeply grateful lo all those who supported us during 2024125-our long-standing donors, new supporters,
corporate partners, trusts and foundations, and public funders. Their generosity enables us to expand access
to the arts. deliver participatory and outreach programmes, and ensure our venues remaln welcomlng spaces
for all.
Paga 9

WILTSHIRE CREATIVE
IA COMPANY LIM￿ED BY GUARANTEE)
GOVERNANCE STATEMENT ICOKnNUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Fundraising 15 undertaken by Wiltshire Creative's dedicated ￿0-perSOn Development team, and all
ndraising activity is carried out in line with the Fundraising Regulalorfs Code of Practi￿. Wiltshire Crealwe
is voluntarily registered with the Fundraising Regulator and is committed lo upholding the highest stsndards
of ethical fundraising. We also maintsin a clear and rolyjsl complaints process to ensure the protection of
vulnerable people and the wider public from any undue fundraising pressure 01 inappropriate practi￿$. No
fiJndTaising complaints were re￿iVed in the financial year 2024125.
Our fundraising income streams include..
Individual Giving.. Through oneaoff donations, ticket point-of-sale contributions, and our tiered Supporters
scheme, which encourages regular annual giving. All donations are made freely and any discretionary
benefits are lully compliant Nwth HMRC guidelin&s.
Corporate Support- We are grateful lo k)cal busines5 partners who proviéed sponsorship throughout the year,
including a three-year pantomime Sponsorship arrangement that supports our most popular annual
production.
Trusts and Foundations.. We continued to secure grants from 8 range of charitable trusts and loeal
foundations. particularly to support our participatory and community outreach activities.
Appeals.. Our 2024 Christmas Appeal was especially successful, enabling us lo provide over 800 free tickets
to famil￿$ experiencir@ hardship, ensuring equitable access to the joy of live performan￿.
Inlefnally, we have poliryes and procedures in place to ensure our fundraising practices meet both GDPR
requirements and standards expected by the Charity Commission. Our Ethical Fundraising Policy guides all
fundraising decisions. and staff receive regular Iraining lo ensure Complian￿ and best practice.
We are Sin￿relY thankful for every conlribulion made lo Wlltshire Creative this year. The generosity of our
supEk)rters directly enhances our ability to inspire, engage and eonnect comMun￿eS through crealwity.
PUBLIC BENEFIT
When p18nning the charity's aclivtties for the year the Trustees have considered the Charity Commission's
guidance on public kknefft, including the guidan￿ on fee charging. Wiltshire Creative relies on grants and the
income ftom fees and charges to cover ts operating costs. Signtficanl consideration is given lo those with low
incomes when setting the level of ticket prices, conGessions and other charges.
FINANCIAL REVIEW
Group Results
2024125 was a positive year for the wI￿shIre Creative Group, resulling in an increase in free reserves from
£67.241 to £213.601. This was achieved by increased income from Take Part activity through the year, a
higher than projected ThR claim for production in 2023124, increased commercial aclivf(y and proff( from
Playhouse Services Ltd IPSLI, and signrficant savings in overheads costs- mainly in stsffing due to vacant
roles.
Investmènt Pow•rs and Pollcy
Under the Memorandum and Artlcles of Assoaation. the charity has the power lo invest in the name of the
charity, lo dispose of or change any such investments, and to Lrtilise the income from those investments in the
furtheran￿ of the objects of the charty in any way the Trustees wish. Such investrnents are carefully
considered to ensure that the inherent risk of the investment is low. and that any potential reductions in the
value of the investments are minimised. It is with this in mind that currently funds are held in cash.
Page 10

WILTSHIRE CREATIVE
IA COMPANY LIM￿ED BY GUARANTEE}
GOVERNANCE STATEMENT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Principal financlal rfsks and strategles
The Executive 8nd Senior Management Team, together wth the Tnjslees are fully aware of the risk profile of
the business and monitor financial performance closely. A sub-committee of the main Board of Trustees
meets at least four limes a year for this purpose.
Rosèrves Pollcy
The reserves policy is to hold free resefves sufficient lo cover 3 months of overheads which is calculated al
£600,Ct)O. The airn is to attain this target within the next 4 years. Free reserves. as set out in note 17 as
General Funds, in 2024125 grew from £67,241 10 £213,601.
Restrict&J Reserves
These reserves represent amounts gNen by donors for a specific purpose fof which the funds must be used.
Once the funds have been used and the restrictions mel. the reseNes are transferred into General Funds. At
the Balance Sheet date there were no unspent Reslricted Reserves.
Designated ReseNes
Designated reseNes are those unreslrided funds which the Trustees have specrfied are lo be used for 8
particular purpose. Wiltshir8 Crèative has no specific designated resetves at present other than the
Designated Reserve equivalent to the Net Book Value of the Fixed Assets at the Balance Sheet date. These
reserves are invested in these assets and are therefore not freely available lo invest in the Group activities.
Dullng the year, the Trustees agreed to merge the previously designated Fixed Assets Reserve with the
previously designated Restricted Capital Funds lo presenl a clearer allocation of the historical funding of
current Nel Book Value of the Fixed Assets. The change of presentation was backdated to the end of 2023124
and the prior year comparisons restated. At the Balan￿ Sheet dale, the Designated Reserves invested in
Fixed Assets were £3,945,414 as sel out in Note 17.
Unre8tricted I"Fre8"} Ro8orves
These reserves are available, at the discretion of the Trustees, to be used for such purposes as the charlty
may require. Financial year 2024125 reported an increase to the free reseNes figure of £146,360 to £213,601.
PLANS FOR FUTURE PERIODS
2024125 saw Willshire Creative steady ff(Se￿ in a fast moving and volalile landscape. To ensure we are ready
for our next challenge we are looking at a fresh articulation of our mission and purpose to help us focus on
what is most important. WoTking wtth sector specialists Fly a Kite we consulted with hundreds of our 51aff.
stakeholders, Trustees, funders and audience members. We hav8 defined the following..
PURPOSE:
Wikshire Creative brings people together for life-enhancing and enriching perfomances. We create joyful
opportunities lo explore and grow creatively in Salisbury and tEyond.
WHAT WE 001 OUR GOALS..
Produce performan￿5 that brfng pride and joy lo our region and beyond
Invigorate our venues and clty spaces with a diverse range of creative eXper5en￿ thal deliver surpri88,
delight and wonder
Spark imagination through a wide range of parbclpatory opportunities, inviting MO￿ wple In our region lo
live creallve lives
Grow talent development ar￿ skills pathways to nurture new work and new volces
Priorilise people and planel aThJ build a ￿$111ent business that can take opportunities in a wodd that is
changing fast
Page11

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEE)
GOVERNANCE STATEMENT {CONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
With the organisation continuing to be under considerable financial pressure we must remain flexible and
nimble in developing our plans, to ensure that we rnitigate risks as much as possible and that we are able to
respond to the fast-changing landscape. We will continue to make work in a financially efficient way,
preserving our resources in a volatile environment and, where possible, ensure that our work is seen in
Salisbury and well beyond.
The core objectives of 2025126 are 8$ follows..
1. Develop popular Main Stage pr(￿raMMe maximising income through commércial partnerships.
2. Celebrate the 60th anniversary of Stage'65 through a Main Stage produclion.
3. Deliver a memorable and artistically bold Salisbury Intemalional Arts Festival
4. Build 8 resilient business model and improve our reserves position
5. In full consullalion wi(h aUdien￿S, stakeholders and staff articulate a tÉ)Id and inclusive mission and
purpose leading lo a clear and engaging business plan, working with sector leading specialists Fly a Kite.
6. Kick start our capital ambitions, working with Reed Watts Archrtects
Our future programme of work will indude the following Main Stage productions..
Home Produced work Including the following..
The Da Vinci Code- A brand new production of Dan Brown's best selling novel, adapted by Rachel Wagstaff
and Duncan Able and directed by award winning Chelsea Walker. Co-produc&J with Mercury. Colchester.
The Jungle Book - Stage '65 Youth Theatre will produce Sonali Bhattacharyya's adaptation of Rudyard
Kipling's classic story. Directed by Clare Threadgold, the production will be the first posl-pandemic Main
stage expellence for the Stage'65 and will marf( the group's 60th 8nnwersary.
81ilhe Spirit- A major revival of Noel Coward's classic play, difected by Anthony Banks and co-produced with
Blackpool Grand Theatre. PrOdu￿r Lee Dean will then tour the production nationally throughout 2026.
Don't Look Now- hAajor new production of Daphne Du Maurierfs classic story, adapted by Nell Leyshon. In
collaboration with the Du M8urier Eslale, this new version will address issues around disabled representation
within Pfevious dramatisalions. It will be co-produced wrth New Wolsey Ipswich and directed by Doug Rinloul.
Jack and the 8eanstslk- Our annual pantomime by Plested, Brown and Wilshire directed by Artistic Director,
Gareth Machin.
Rock and Roll Man - The European premiere of a thrilling new Rock and Roll musical, co-produced wtth
Julian Bird and Caiola Productions ahead of 8 national lour.
Sallsbury International Arts Festival 2025
The 2025 Festival will see an ecleGti¢ programme of work inside and outside our buildings. Highlights include:
Gorilla Circus presenting their exiraordinary aerial show Unity in Salisbury's Market Square
Darkfield's brilliant immersive experience Flight, performed inside a 40ft shipping container
Orchestra of the Swan will celebrate the Ilfe of Thomas Hardy in a unique performance at Stonehenge with
actor Anton Lesser
A special Festival Evensong will mark the fifft'elh anniversary of the transformation of St Edmund's Church
into Salisbury Arts Centre
- On the Playhouse stage, dancer Aakash Odedra will perform Songs of the Bulbul
Swanse8 city Opera w511 brlng their moving new Ple￿ Shoulder to Shoulder to Salisbury working in
Ilabor81ion with Local Men's Shed groups
Ballet Central will showcase a new generdtion of dan￿rS to audiences across our region
- Welcome for communities and families with a free Open Day at S81isbury Arts Centre
Family shows for 811 agas
Year round vlslting programme
Alongside home produced and Festival work will be an extenswe visiting programme of music, Ihealre and
comedy presenled In both the Salisbury Playhouse and Salisbury Arts Centre.
Pa9e t2

WILTSHIRE CREATIVE
IA COMPANY LIMrrED BY GUARANTEE)
GOVERNANCE STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE. GOVERNANCE AND MANAGEMENT
Govemlng document
Witshire Creative is a company limf(ed by guarantee and is a registered charity. Ils governing document is its
Memorandum and Artlcles of Asswation daled 31st January 2018. It Is regisleied as a charily with the
Charity Commission.
Appointment of Trustees and organlsatlonal structur8
As set out in Article 10 of the Articles of Association, DirÈctors (who 8re the charity Trnsleesl retire and are
elected annually, al the first Trustees, meeting of the financial year. One-third lor the number nearest one-
Ihirdl of Directors retire from office each year, those longest in Offi￿ retiring first and the cholce bel￿een any
of equal service being made by drawing lols. Reliring Directors may be reappointed but any director who has
served continuously as a Director for nine years may not be reappointed until one year after their retirement.
One B08rd observer is nominated by Wiltshire Council and one by Salisbury Cty Council lo attend Board
meetings. with no voting rights. As a key slakeholder, Arts Council England also has the right lo send officers
as observers to attend Board meetings. The Board of Directors can have up lo 12 members and meets six
lima8 pèr annum. Tha Joint Chief Executives are appointed by the Trustees to manage the day-tisday
operations of the charity and attend meetings of the Board. In line with the relevant contracts, the Trustees
further delemiine amounts due under the contracts annually and thereby monitor the perfornianee of the Joint
Chief Executives.
To facilitate effeciive operations, the Joint Chief ExecutNe8 have delegated authority, within terms of
delegation approved by the Trustees. for operational matters, including finance, employment and arbslic
perfornance related aclivity.
Itom8 aro routinely minuted that are required lo be brought to the attenlion of the Board for decision, so that
effective control is maintained over the appropriale strategic, finand81. organisalional and compliance issues.
The Trustees further approve the annual budget including any increase in remuneration awaided to the
charity's Staff. Staff remuneration levels are determined by the financial perfomiance of the organisation and
ference to peer oroanisations and curient levels of inflation.
New Trustees undergo 8 planned induction. This briefs them on their legal obligations under charity arKI
company law, the Charity Commission guidance on public benefit. content of the Memorandum and Arbc1es
of Assouation, the committee decision-making pro￿$Se8, the Business Plan and recent financial
performance of the charity. They will also te introduced to key employees and the other Tru8tee8.
Relatsd parties
The Charit￿S wholly owned subsidiary. PLAyhouse servI￿s Limited IPSL) is a limlted company and wholly-
owned subsidiary of Wiltshire Cre8tlve. estsblished lo provide event catering activities and operate licenced
restaurants for Wiltshire Creative. 11 operates the Salisbury Playhouse and Salisbury Afis Centre bars, cafes
and Front of House sales. All profits from these aCtiV￿e5 are transferred to Witshire Creative Limited by
means of gift aid.
A second wholly owned subsidiary, Salisbury Playhouse Productions Limited, (SPP Ltd) is a limited company
and wholly-owned subsidiary of Wiltshire Creative operating in the performing arts sector. SPP Ltd is the
producing company for all Wiltshire Creallve In-house productions and primarily 0￿raleS lo collect Theatre
Tax R8li8f ITTR) on behalf of the charbty_
None of the Directors or Trustees ￿ceNe remuneration for their work wlth the charfty in their capaaty as
Directors.
Dir￿lorS, interests in transactions wrth relaied parties are detailed in note 24.
Page 13

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
GOVERNANCE STATEMENT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2025
Rlsk management
The Joint Chief Executives of the company produce a Risk Register whlch is monitored quarterly by Ihe
Board of Tnjstees and also Arts Council England. Activity and progress is also managed quarterly through
Arts Gwncil England Investment Principles and Actlvf(y Plan.
The Joint Chief ExecutNes also produ￿ a yearty budget p18n for the charity which is monitored quarterfy by
the Trustees. The Joint Chief Executives are required to make charoes to areas of operation if the quartoriy
finance review shows a significant ovèr811 variance from budget. This procéss ènsures that rf any of the
identified risks materialise, Ihay are readily identified and their impact on the charity minimised.
Principal risks and uncertainties
1)
RlskJuncertainty- Ongoing Cost lnfl8ts.on induding Energy, Materials and Staff Wages.
Mitigation
Review of spend values and robust budget control.
Inveslvjate processes for reducing overhead3 in other areas and postponing of rnaintenan￿ where
possible.
InveslwJate funding opportunf(ies in relation to increasing energy costs.
Deferral of all projects not fully funded. until funding is secured.
21
RisklUncertainty- Failure to Reach High Income Targets (Sales. Development, Commercial In¢ome)
Miligatio
further investment in income generating teams
training and mentodng for teams.
coherent organisational strategy to support sales and development, where a clear case for support is
essential.
31
riiaklunGt>rtainty- Btaff Wellbeing and Rctcntion
Mitigation
We continue to offer flexible working
We continue lo listen lo the team through all staff meetings. regu18r team meetings and monthly 1:1s
with 811 staff.
We offer other benefits such as comp tickets. moments of shared celebration such as the summer
staff party, cycle Scheme etc
Our holiday allowan￿ is above statutory requirement at 26 days year + bank holidays.
Voluntggrs
Willshire CreatNe is generously supported by 120 volunteers who ether all Front of House and Ushering
duties at Salisbury Plsyhousa and the Arts Centre. They also steward a variety of events at Salisbury
Intemational Arts Festival each year.
Our volunteers are gener811y retired and 95¥0 live locally to Salisbury centre, with many able to walk to the
Playhouse and the Arts Centre.
During 2024125 we asked them to compble a questlonnaire regardir@ their motivations and the three main
options that were fed back lo us were..
i) many felt isolated and lonely and volunteering helped ease this
ill many love the theatre and their connection to Wiltshire Creative was important to them
iii) some couldn't afford theatre tickets and volunteer ushering gNes them a way of seeing the shows.
Page 14

WILTSHIRE CREATIVE
(A COMPANY LIMrrED BY GUARANTEEI
GOVERNANCE STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The volunteers play a key role generating income, raising nearfy £30,1X)O in their programme sales (along
with the Head Usher) and are the main sellers of £80.000 of ice-creamsl
They play a key role in evacuating the audience if needed and the Volunteer Manager undertakes detailed
training sessions each August during the theatre's dark period. This year we will also be adding on a section
in the training about selling techniques and customer care.
During the last few months we have undertaken a reoyuitment process and have 14 new volunteers who have
joined the training recendy. This year we startèd a Volunteer Costume Group which meets for a couple of
hours each Wednesday morning. The aim is to better organise our costume resources and be more
environmentally sustainable. The mo¢xl amongst the volunteers is ￿SitiVe and buoyant and they have taken
technical developmerrts wtth new credrt card mathines and the Introduction of li¢*et scanning In their stride.
Sustalnabllity
Wiltshire Creative remains proudly commrtted to environmental responsibility, both as an organisation and as
an actnie voice wKÉhin the wider cultural sector. In 2024125, we continued to build on our sustainability journey,
aligning our pra¢lie8S With tho Arts Council England's Investment Principles, particularly Environrnental
Responsibility, and working as an affiliate of Culture Declares Emergency. We have declared a climate
emergency and continue lo seek every opportunity to reduce our environmentsl impact and inspire
awareness through our work. Our Enwronmenlal Responsibility Working Group, chaired by Finance Man8ger
Caroline Corkill and sponsored by Artistic Director G8reth Machin. provides consistent leadership in this area,
suptK)rted by Trustee Nicky Jenkins.
The oryanisation has an orgoing commitment to reduce emissions and adopt best practices in line with the
Theatre Green Book standards. Wiltshire Creative is a rnember of Julie's Bicycle, through which we track,
port and ev8luale our environmental data. We are dedicated to transparent reporting, and our latest carbon
results have been submitted to their national database.
Our artistic programme reflected our green values throughout the year. In parbujlar, our Patch's Parade
project celebrated lorAI community and environmental consciousness through sustainable maleTials and
storytelling. Meanwhile, the Youth Theatre's production of Ghost and Grimms Tales achieved Theatre Green
Book basic level, using repurposed set and costume elements and Iow-energy lighting design.
We also partiapated in the Act Green Audience SuNey, giving us valuable insigms into the values and
priorities of our Gommunity. and helping us to tailoi both messaging and operation8 lo foster behavioural
change and greater environmental awareness among audiences.
As we look ahead, Willshire CreatDie remains resolutely committed to further reducing our environmental
footprint. embedding sustainability in everything we do. and contributing meaningfully to a greener cultural
future.
For 2024125, our carbon output was 493.4 tonnes, a reduction of 39.6 tonnes approx.17%1 from 2019120.
Doric Bossom
Chgsr
Dale: q Q £)2%
Page 15

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
ICONTINUEDI
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Tfuslees (who are also the directors of the Charity for the purposes of company law} are responsible for
preparing the Trustees. Report including the Strategic Report and the financial statements in accordan￿ with
applicable law and United lfjngdom Accounting Standards Iuniteij lQngdorn Generally Accepted Accounting
Practice).
Company law requires the Trustees to prepare financial slalements fof each financial year. Under company law,
the Trustees must not approve the financial statements unless they are satisfled that they give a true and fair
ew of the stale of affaiTS of the Group and the Charity and of their incoming resources and application of
reSou￿e8, including their income and expendilLbre. for that period. In preparing these financial statements, the
Trustees are required to..
select suitable accounting policies and then apply them consistenty,
observe the methI￿S and principles of the Charities SORP IFRS 102}',
make judgements and accounting estimates that are reasonable and prudent,.
stale whether applicable UK Accounting Standards IFRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the
Group will continue in business.
The Trustees are responslble for keeplng adequate accourrting that are sufficient to show and explain
the Group and the Charitys transactions and disclose with reasonable accuracy at any time the financial posttion
of the Group and the Charity and enable them to ensure that the financial statements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the Group and the Charty and
hen￿ for taking reason8ble steps for the prevention and detection of fraud and other irregularities.
Page 16

WILTSHIRE CREATIVE
IA COMPANY LIMrrED BY GUARANTEE)
INDEPENDENT AUDrroRS' REPORT TO THE MEMBERS OF WILTSHIRE CREATIVE
OPINION
We have 8udiled the financial statements of Willshire Creative (the 'parenl charitable companll and its
subsidiaries Ilhe group'l for the year ended 31 March 2025 which comprise the Consolid8ted Statement of
Financial Activities, the Consolidated Balance Sheet, the Charity Balance Sheet, the Consolidated Slalement of
Cash Flows and the related notes, including a summary of significant accounting polic￿$. The financial reporting
framework that has been applied in their pr8paration is applicable law and United Kingdom Accounting
Standards. including Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK
and Republ￿ of Ireland, (United Kingdom Generally Accepted Accounting Practi￿1.
In our opinion the financial statements..
give a true and fair view of the state of the Group's and of the parent charitable companvs affairs as at 31
March 2025 and of the Group's incoming reSoUr￿S and applKalion of resour￿. includiNJ its income and
expenditure for Ihe year then ended.,
have been properly prepared In accordance with United lfjngdom Generally Accepted Accounting
Practice,. and
have ￿en prepared in accordan￿ with the Tequirements of the Companies Act 2006.
BASIS FOR OPINION
We conducted our audit in accordance with Inlemational Stsndards on Auditing (UK} IISAS IUK}l and applicable
law. Our responslbililies under those standards are further described in the Auditors, responsibilvcies for the audit
of the financial statement8 section of our report. We are independent of the Group in accordance with the ethical
requirements that are relevant lo our audit of the financial statements in the United Kingdom, including the
Financial RepDrting Council's Ethical SlandaTd, and we have fulfilled our other ethul responsibilities in
accordance wf(h these requirements. We believe that the audit evidence we have obtsined is sufficient and
appropriate to provKle a basis for our opinion.
CONCLUSIONS RELATING TO GOING CONCERN
In auditing the financial stslemenls, we have concluded that the Trustees, use of the going concem basis of
accounting In Ihe prepaiatlon of the fIna￿C[dI ￿Lal￿TTle17(¥ ￿ dVViVVlicile.
Based on the work we have performed, we have not Identified any material une£rtslntles relating to events or
conditions that, individually or co1￿ctive1y, may cast significant doubt on the Group's or the parent charitable
cornpanvs ability to Continua as 8 going concern for a period of at least ￿e1ve months from whèn the financial
statements a￿ 8Uthorised for issue.
Our responsibilities and the responsibibties of the Trustees wf(h respect lo going concern are described in the
relevant sections of this retKJrt.
OTHER INFORMATION
The other infomiation comprises the information included in the Annual Report other than the financial
statements and our Auditors, Report thereon. The Trustees are responsible for the other information contained
wi(hin the Annual Report. Our opinion on the financial statements does not cover the other information and,
except lo the extent olhewse expI￿ltIY slated in our report, we do not express any form of assurance conclusion
thereon. Our responsibility is lo read the other information and. in doing so, consider whether the other
infomation is materially inconsistent with the financial 8t8tements or our knowledgc obtained in the course of the
audit, or otherwise appears to be materially misstated. If we identify such material inconsL8lenaes or apparent
material misstatements, we are reqUI￿d lo delerniine whether this gives rise lo a rnalerial misststemenl in the
finanual statements themselves. If. based on the work we have performed. we conclude that there is a rnalerial
misslalement of this other information. we are required to ￿pOrt that fact.
We have nothing to report in this regard.
Page 17

WILTSHIRE CREATIVE
IA COMPANY LIMrrED BY GUARANTEE)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WILTSHIRE CREATIVE (CONTINUED)
OPINION ON OTHER MArrERS PRESCRIBED BY THE COMPANIES ACT 2006
In our opinion, based on the work undertaken in the course of the audit..
the inforrnalion given in the Trustees, Report including the Strategic Report for the financial year for which
the financial ststemenls are prepared 18 consistent wth the financial stalem¢nls.
the Trustees, Report and the Slrateglc Report have been prepared in accordance with applicable legal
requirements.
mA￿ER8 ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
COLtrse of the audit, we h8ve not identsfied material misstatements in the Trustees, Report including the Strategic
Report.
We have nothing lo report in respect of the following matters in relation to which Companles Act 2006 requires
us to report lo you if, in our opinion..
the pa￿nt charitable wmpany has not kept adequate and sufficient accounting reeords, or returns
adequate for our aLKlit have not been re￿iVed from branches not visited by us", or
the parent charitable company financial statements are not in agreement the accounting records and
returns., or
certain disclosuTQS of Trustees, remuneration spgcrfied by18w are not made; or
we have not received all the information and explanations we require for our audrt.
RESPONSIBILITIES OF TRUSTEES
As explained more fully in the Trustees, Responsibilities Statement. the TTuslees Iwho are also the directors of
the charitable company for the purposes of company lawl are ￿sponSible for the preparation of the financi81
statements and for being satisfied that they give a true and fair view, and for such intern81 control as the
Trustees delemiine is ne￿SSary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsib￿ for assessing the Group's and the parent
charitable cornpanls ability lo continue as a going concern, disclosing, as applicable, matters related to going
ncern and using the golng concern basis of accounting unless Ihe Trustees either intend to liquidate the Group
or the parent charitable company or lo cease operations, or have no realist￿ altemative bul to do so.
Page 18

WILTSHIRE CREATIVE
{A COMPANY LIMITED BY GUARANTEE}
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF WILTSHIRE CREATIVE {CONTINUED}
AUDITORS, RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misst8temenl, whether due to fraud or error, and lo issue an Auditors, Report that includes our
opinion. Reasonable assuran￿ is a high level of assuran￿. bul is not a guarantee that an audst conducted in
accor¢an￿ with ISAS IUKI wll a￿ayS delect a material misstalernenl when it Exists. Misstalefnenls can arise
from fraud or error and are considered material if, individually Dr in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities. including ftaud, are instances of non-compliance with laws and rogulatior*s. We dèslgn proceduras
in line with our responsibilities, ouUined above, lo delecl material misstatements in reS￿cl of irregularities.
including fraud. The extent lo which our procedures are capable of delecling irregularities, including fraud is
detaI￿d below..
The procedurès undertaken in order to identify and assess risks of matertal misstalemgnt in respect of
irregularities, including fraud and non-compliance wth laws and regulations, are as follows..
We have consK1ere(J the nature of the industy and sector. control enwronment and business
performance.,
We have considered the results of our enquiries of management and the Board about
their own idenltfication and assessment of the risk of irregularities.,
For any matters identified we have obtained and reviewed the parent charitable companls
documentation of their policies and procedures relakn'ng to.,
Identityng, evaluating and complw.ng wrth laws and regulats.ons whether they were aware of any
instances of non-complian￿.,
Detecting and responding to the risk of fraud and whelhef they have kn￿￿￿e of actual, suspected or
alleged fraud., and
The intemal controls established tr) mitigate lh8 risks of fraLtd or non-complian￿ with laws and
regulations.
We have considered the matters discussed among the audit engagement team, including intemal tax
specialists regarding how and where fraud mKJht occur in the financial ststements and potential Indlcators
of fraud.
As a result of these procedures, we have Consider￿ the opportunities and incentives that may exist within the
organisation for fraud and identrfied the highest area of risk to be in relation to income recognition. wth a
parbcular risk in relation tts year-end cul off. In common wrth all audits under ISAS (UK) we are also required lo
perform speeffie procedures lo respond to the risk of management override.
We also obtsined an understanding of the ￿gaI and regulatory fraffleworks that the Charitable Group and
Company operates in, focusing on provisions of th¢)se laws and regulations that had a direct effect on the
determination of material amounts and disclosures in the financial statements. The key laws and regulations we
considere(l in this context included Ihe Charits"es SORP IFRS 1021- Aw)unting and Reporting by Chaitbes and
the Financial Reporh'ng Standard applicable in the UK and Republic of Ireland IFRS 1021. In addition, we have
considered provisions of other laws and regulations that do not have a direct effect on the financial statements
but compliance with which may be fundamental to the Charitsble Group and Compan¥s abilty to operate or to
avoid 8 materi81 penalty. These indude data Pfotection regulations. health and safety regulations. li¢*nsing acts
and employment legislation.
As a resutt of perforyning the above procedures. we have completeness and cut-off of revenue recognthon as a
key audit malter related lo the potential risk of fraud. Our procedures to respond lo risks idents'fied included the
followng=
t>ocumenting and validating the control environment for income and debtors and carrying out
walklhrough testing.,
Undertaking substsntive 8ample-based testing or proof in total calculations on all material revenue
streams lo ensure revenue has been recognised appropriately and accurately,
Considering manual income journals as part of our work on fraud risks documented above.,
Reviewng the financial statement disclosures and testing lo supporting documentslion.,
Page 19

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEE)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF WILTSHIRE CREATIVE (CONTINUED)
Enquiring of management concerning actual arKI potential litigation daims.,
Perfomiing analyts'cal procedures to identify any unusual of unexpected relatK)nghipg that may indicate
risks of material misstalemenl,.
Reading minutes of meeb'ngs of those charged with governance., and
In addressing the risk of fraud thfough management override of controls, testing the appropriateness of
journal entries and other adjustments,. assessing whether th8 judgamants made in making ac(x)unting
estimates are indicative of a potential bias and evaluating the business rationale of any signrficant
transactions that are unusual or ouls*Je the normal course of business.
We also communicated relevant laws and regulations and potential fraud risks lo all engagement team members
8nd remained alert to any indications of fraud Of non<ompliance with laws and regulations throughout the audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities. includino
those leading lo a material misstatement in the financial slalemenls or non-compliance with regulation. This risk
increases th8 mor8 that compliance with a law or règulation is removed from the events and transactions
reflected in the financial slalements, as we will be less likely to become aware of instan￿8 of non-compliance.
The risk is also greater feg8rding irregularities occurring due to fraud rather than error, as fraud involves
intention81 concealment, forgery, collusion, ornission or misfepresenlalion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.Irc.o
.uklaudilorsres
onsibilities. This description fomis part of our
Audrtors. Report.
USE OF OUR REPORT
This report is made solely lo the charitable compangs members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable
Gompanys members those matters we are required to state to thern in an Auditors. Report and for no other
purpose. To the fullest extent perniitted bylaw. we do not a￿pt or assume responsibility to anyone other than
the charitable company and its mernbers, as a body, for our audit work, for this report, OT for the opinions we
have fomed.
David Butlor FCA DChA (Senior Ststutory Auditor)
fDr and on behaW of
Blshop Flgmlng Audit Limited
Chartered Accountants
statutory Auditors
10 Tample Back
Bristol
BS16FL
Date.. 16 December 2025
Page 20

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND
EXPENDITURE ACCOUNT}
FOR THE YEAR ENDED 31 MARCH 2025
Unrostrlcted
fund$
2025
Totsl
funds
2025
Totsl
funds
2024
Nots
Income from:
Grants, donations and legacies..
Grants
Donations and18ga¢ies
Charitable activities
Other trading 8Ctiwtses
Investments
1,542,163
291.659
3,178.918
456.485
6.533
1.542.163
291.659
3.178,918
45fj,465
6,533
1,684,753
255,598
2.911.231
497.333
5,826
Total incom8
5,475.738
5,475,738
5.354.741
Expenditur8 on:
Raising funds
Charitsble activities
266.163
5,234,891
266,163
5.234.891
305,624
5.195.497
Total oxpenditure
5,501,OS4
5.501,054
5,501,121
Nèt mov•mont in funds surpluslldeficit)
125,3161
125.3161
1146,3801
Reconclllation of funds,.
Total funds brought foNaTd
Nei movement In funds
17
4,184,331
125,316)
4.184.331
125.3101
4.330,711
1146.300}
Total funds carrigd forward
17
4.159.015
4,159,015
4,184,331
The Consolidated Statement of Financlal Activities indudes 811 gains and losses recognised in the year.
The notes on pages 25 10 44 fom part of these financial statements.
Page 21

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
REGISTERED NUMBER:00499076
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2025
2025
2024
Note
Flxed assets
Tangible assots
Current assets
11
3.945,414
4,117,090
Stocks
Debtors
Cash at bank and in hand
13
14
25,610
925,300
811,738
23,134
640,421
766,516
1,762,648
1,430,071
Current liabllltiès
Creditors.. amounts falling due within one
15
11.525,7871
11,304,570)
Net current assets
236,861
125,501
Total assetslgss current liabllitles
4,182,275
4,242,591
Creditors.. amounts falling due after more
than one year
16
123,2601
158.260)
Total not assots
4,IS9.015
4,184,331
Charity funds
Unrestricted funds
Designated funds
General funds
17
3,945,414
213,601
4.117,090
67,241
17
T￿al unfeslricted fun<Js
17
4,159,015
4.184,331
Total funds
4,159,015
4,184,331
The Trustees acknO￿edge their responsibilities for comply'ng with the requirements of the Act wlh respect lo
accounting records and preparation of financial stslements.
The finanaal statements were approved and authorised for issue by the Trustees and signed on their behalf by..
tloric 8ossom
Chair
Date.. q £>Lf
The notes on pages 25 to 44 form part of these financial slatemenls.
Page 22

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
REGISTERED NUMBER:00499076
CHARITY STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Note
Flxed assets
Tangible assets
Investments
3.926,352
101
4,104,077
101
12
3.926.453
4.104,178
Current assets
Stocks
Debtors
Cash at bank and in hand
13
14
11,801
955.543
787,935
12,265
830,763
55Q,367
1,755.279
1,393,395
Current Ilabilitlg5
Creditors.. amounlg falling due within one
year
15
11.499.457)
11,254,982}
Net currgnt assots
255,822
138,413
Total assets ￿55 current Ilablllties
4,182.275
4,242.591
Credttors.. amounts falling du8 aftar more
than one year
16
123,2601
(58.2601
Total net a6sets
4,159,015
4,184,331
Charfty funds
Unrestrtcled funds
Designated fund8
General ftjnds
Totsl funds
3,926,352
232,663
4,104,077
80,254
17
4.159.015
4.184,331
The Charivs nel movement In funds for the ypar was £{25.316112024- £{156.81011.
The Trustees acknO￿edge their resrA)nsibililies for complwng wrth the requirements of the Act wth respect lo
accounting records and preparation of financial statements.
The financial ststemenls were approved and authorised for issue by the Trustees and signed on their behalf by.
Doric Bossom
Chair
Date..
The notes on pages 25 to 44 form part of these financial stslements.
Page 23

WILTSHIRE CREATIVE
IA COMPANY LIMrrED BY GUARANTEE)
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
Z024
Cash flows from opgrating acUvltles- soo note 19
Net cash tjsal in operating aotivitiÈs
225.239
469,775
Cash flov￿ from Investing activities
Interest re￿ived- see note 6
Purchase of tsngible fixed asse￿ see note 11
6,533
1145.496)
5.826
134,1451
Not cash used in investing activltles
1138,9631
128.3191
Cash flows from flnanclng actlvltles
Repayments of borrowng- see note 16
Interest paid
{35,0001
16,054)
135.0001
18,7031
Nol cash used In flnanGing activitios
141,0541
(43.7031
Change in cash and cash oquivalents In the yoar
Cash and cash equivalents at the beginning of the year
45,222
397,753
766,516
368,763
Cash and cash ￿u1valents at the end of tho year
811,738
766,516
The notes on pages 2510 44 form part of these financial statements
Page 24

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
GENERAL INFORMATION
Witshire Creative is a charitable company limited by guarantee, incorporated in England and Wales. Its
registered office is Salisbury Playhouse. Mallhouse Lane. Salisbury. Wiltshire, SP2 7FL4.
ACCOUNTING POLICIES
2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial slalemenls have been prepared in accord8nce with the Charities SORP IFRS 1021-
Accounting and Reporting by Charities= Statement of Recornmended Practice applicable to charities
preparing their accounts in accordan￿ wth the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 20191. the Financial Reporbng Stsndard
applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006.
W1￿hlre Creative meets the definition of a public benefit entity under FRS 102. Assets and liabilities
are initially recogni8ed al historical cost or transaction value unless otherMse staled in the relevant
accounb'ng policy.
The Consolidated Ststernent of Finanaal Activities (SOFA) and Consolidated Balance Sheet
consolidate the financial statements of the Charity and its subsidiary undertakings. The results of the
subsidiaries are consDlidatÈd on a line by line basis.
The Charity has taken advantage of Ihe exempllon allowed under section 408 of 1he Companies Act
2006 and has not presented its own Statement of Financial Activities in these financial stslemenls.
22 GOING CONCERN
The Truslees assess whether the use of going con￿rn is appropriate i.e. whether there are any
material uncertainties related lo events or conditions that may cast signrficant doubl on the ability Df
thA amijp to continue 8s a ooing concern. The Trustees make this assessment in respect of a period
of at least one year from the date of aulhorisation for issue of the financial stalemenls. Having
considered budgets and forecasts, including cash flows, as well as the group's future funding and
plans, the Trustees have concluded that the group has adequate reSoUr￿S lo continue in operational
existence for the foreseeable future and there are no material uncertainties about the group's abilty
to continue as a going COn￿rn, thus they Gontinue to adopt the going Goncem ba818 of accounting in
preparing the financial slalements.
2.3 INCOME
All income Is recognised once the Charity has enlillemenl to the incorne, it is probable that the
income will be received and the amount of income receivable can be measured reliabty.
Grants are included in the Consolidated Statement of Financlal ActNthes on a re￿1vable basis. The
balance of income received for speGtfic purposes but not expended during the period is shown in the
relevant funds on the Balan￿ Sheet. whe￿ income i8 received in advan￿ of entillernent of receipL
its recognition is deferred and included in creditors as deferred income. Where entitlement occurs
tefore income is re￿1ve￿, the income is accrued.
Income tax recoverable in relation to investment income is rewnised at the lime the investrnent
income is receivable.
Page 25

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES {contlnuedl
2.4 EXPENDITURE
Expenditure Is recognised once there Is a legal or constructive oblig*ion to transler economiG benefrt
lo a third party, il 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 classified by aclivily. The costs
of each activity are made up of the total of direct costs 8nd shared Costs, including support costs
involved in undertaking each activity. Direct costs attributable to 8 single activity are allocated directly
to that actTvity. Shared costs which contribute lo more than one activity and support costs which are
not attributable to 8 single activity are apportioned beknn those activities on a basis consislenl with
the use of reSoUr￿s. Central staff costs are albcaled on the basis of time spent. and depreciation
Charges all{￿ated on the PDrbon of the asset's use.
Expenditure on charitable activitie5 is incurred on directy undertaking the actiwties which further the
Group's objectives, as well as any associated support costs.
A51 expenditure is itKlusive of irrecoverable VAT.
2.5 INTEREST RECEIVABLE
Interest on funds held on deposf( is included when receivable and the amount can be measured
relk4bly by the Group., this is normalty upon notrfication of the interest pa￿ or payable by the institution
with whom the funds are deposf(ed.
2.6 TANGIBLE FIXED ASSETS AND DEPRECIATION
Tangible fixgd assets costing £500 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset C8n be measured reliably.
Tangl￿e fixed assets are initially recogni8ed al cost. After recognition. under the cost model. tangiblg
riA¥d are niea6urtd at cost less aGGumulJted depreciation and any occumuloted impairment
losses. All costs incurred lo bring a tangible fixed asset into ts intended working condition should be
induded in the measurement of cost.
Depreciation is ¢h8rged so as lo allocate the cost of tangible fixed assets less their residu81 value
over their estimated useful lives, using the straight-line method.
Depreciation ig provided on the following bases..
Freehold property and
improvements
Leasehold propety and
improvements
Plant, equipment and motor
vehicles
betsyeen S and 50 years straight line
befv￿n 10 and 40 years slraighl line
10OA to 33% 01 cost per year
2.7 INVESTMENTS
Fixed asset investments are a fomi of financi81 instrument and are In￿allY recognised al their
transaction cost and subsequently measured at fair value at the Balance Sheet date. unless the value
cannot be measured reliably in which case it is measured at cost less impaimienl. Investrnenl gains
and losses, whether realised or unrealised, are combined and presented as 'GainsllLossesl on
investsments, in the Consolidated Statement of Financial AclNilies.
Inveslments in subsidiaries are valued at cost ￿$$ provision for imp8imienl.
Page 26

WILTSHIRE CREATIVE
(A COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES Icontlnuedl
2.8 STOCKS
Stocks are valued at the lower of cost and net realisable value after rnaking due allowan￿ for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and vallable overheads.
2.9 DEBTORS
Trade and other debtors are recognised 81 the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.10 CASH AT BANK AND IN HAND
Cash at bank arid in hand includes cash and short-tem highly liquid investments with a short maturity
of three months or les$ from the date of acquisition or opening of the deposit or similar account.
2.11 LIABILITIES
LiabiliOes are recognised when there is an obligation al the Balance Sheet date a5 a iesult of a past
event, il is probable that a transfer of economic benefft wll be requiTed in setuement. and the amount
of the settlement can be e5ti¥nated ieliably.
Liabilities are recognised al the amount that the Charity anticipates it will pay lo settle the debt or the
amount il has re￿iVed as advanced payrnenls for the goods or serwces il must provide.
2.12 FINANCIAL INSTRUMENTS
The Group only has financial assets and financial liabilities of a kind that qualrfy as basic financial
instruments. Basic financial instruments arè ints'ally recognised al transaction value and subsequently
rnea5ured at Ilieli ¥elll¥iiitriil value with the Extsption of bank loana which are ¥ubacgucntly
measured at amortised cost using the effeclThie interest method.
2.13 OPERATING LEASES
Rentals paid under operating leases are charged to the Consolidated Ststement of Fin8nclal
Activities on a slraight-line basis over the lease tem.
2.14 PENSIONS
The Group operates a defined ¢onlribulion pension scheme and the pension charge represents the
amounts payable by the Group to the tund in respect of the year.
2.15 FUND ACCOUNTING
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Group and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been sel aside by the Trustees for parbcular
purposes. The aim and use of each designat￿ fund is set out in the notes to the financh?I
statements.
Reslricled funds a￿ funds which are lo be used in accordance specffic restrictions imposed by
donors or which have been raised by the Group for particular purposes. The costs of raising and
administering such funds are charged against the $￿c￿lC fund. The aim and use of each restricted
fund is sel out in the notes lo the financial stslements.
Page 27

WILTSHIRE CREATNE
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
INCOME FROM GRANTS, DONATIQNS AND LEGAGIES
Unrestrlcted Rostrlctsd
funds
funds
2025
2025
Totsl
funds
2025
GRANTS
Arts Council England- South W881
Wiltshire Council
Salisbury City Council
1.301,458
195.765
44,940
1.301,458
195.765
44,940
1,542,163
1,542,163
Donations
291,659
291,659
1.833,822
1,833,822
Unrestricted
funds
2024
Reslricled
funds
2024
Toial
funds
2024
GRANTS
Arts Council England- South West
Wiltshire Council
Sali8hury Ctty Council
Wiltshire Community Foundatlon
1,301,458
198,750
H.940
124,605
10,000
1,426,063
208,750
44,940
5,000
5,000
1,545,148
139,605
1,684,7S3
Donalons
255,598
255.598
1.800.746
139,605
1,940,351
Page 28

WILTSHIRE CREATIVE
{A COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
INCOME FROM CHARITABLE AGTIVITIt"S
Unrestrlcted
funds
2025
Total
funds
2025
Total
ftjnds
2024
In HouselCo-productK)ns - Titel income and programmes
Visiting Companies - Ticket Income
Education and Outreach Work
Events and Hiring
Miscellaneous Income
2,103,880
788,529
158,185
107.662
20.662
2,103.880
788.529
158,185
107,662
20.662
2,014,032
733,809
77,278
23,107
63.005
3,178,918
3.178,918
2,911.231
All prior year amounts relate to unreslricled ftjnds.
INCOME FROM OTHER TRADING ACTivrriES
In¢oma from non ¢haritable trading actlvitios
UnrEStrictsd
funds
2025
Total
funds
2025
Total
funds
2024
pla￿OUSe Services Limited Sales
Theatre tsx relief recelvable
456,465
456,465
441,86S
55.468
456,465
456,46S
497,333
All prior year amounts relate lo unrestricted funds.
INVESTMENT INCOME
Unrestridgd
funds
2025
Total
funds
2025
Total
funds
2024
Interest Receiv
6,533
6.533
5,826
Page 29

WILTSHIRE CREATIVE
IA COMPANY LI￿￿ED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
EXPENDITURE ON RAISING FUNDS
OTHER TRADING EXPENSES
Unrnstricted
funds
202S
Totsl
funds
2025
Total
funds
2024
Cost of sales
Admini8tralion expenses
Cost of sales staff costs
Administration depreciabon
138.615
14,140
109,871
3.537
138,615
14.140
109,871
3,537
16S,507
31,131
106,230
2,756
266,163
266,163
305,624
ANALYSIS OF EXPENDtruRE BY ACTIVITIES
tivities
undertaken
dlrectly
2025
Support
costs
2025
Totsl
funds
2025
Theatre production and education
2,955,196
2,279,695
5.234.891
Actwities
undertaken
directby
2024
Support
costs
2024
Totsl
funds
2024
Theatre production and education
2,773.995
2.421,502
5.195,497
Pa9e 30

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ANALYSIS OF EXPENDITURE BY ACTIVITIE5 ICQNTINUEDI
ANALYSIS OF DIRECT COSTS
Thaatre
productSons
and
education
2025
Total
funds
2025
Total
funds
2024
Staff costs
Depreciation
Other Dire¢l Costs
724,757
303,035
1,927,404
724,757
303,035
1,927,404
805,722
306.701
1,661.572
TOTAL 2025
2.955.196
2.955.196
2.773,995
ANALYSIS OF SUPPORT COSTS
Total
funds
2025
Total
funds
2024
staff costs
General office costs
rinonce ¢￿ts
1,756.969
394,199
1.647.058
533,074
121.891
109,479
Professional fees
21,082
2.279.695
2,421,502
STAFF COSTS
Group
2025
Group
2024
Charity
2025
Charity
2024
Wages and salarie8
Social securTty costs
Contribution to defined contribution t*nsion
schemes
2.382.458
164.589
2.375,586
140,514
2.279.606
158,989
2.275,757
135,532
44,550
42,910
43,131
41,491
2.591.597
2.559,010
2N81.726
2,452.780
Pa9e 31

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
STAFF COSTS (CONTINUED)
The average number of persons employed by the Charity during the year was as follows..
Charlty
2025
No.
Qroup
2025
No.
Group
2024
No.
Charity
2024
No.
Theatre
Cafe, bar & shop
93
23
83
11
93
83
116
93
83
The average headcount expressed as fulklime equivalents was..
Group
2025
No.
Group
2024
No.
Charity
2025
No.
Charity
2024
No.
Theatre
Cafe, bar & shop
55
56
55
60
60
55
The number of employ90¥ whose employee bonefrts lexduding employer pension costs) exceeded
£60,000 was:
Group
2025
Group
2024
No.
In the band £70,001- £80,000
In the band £110,001- £120,000
The key management personnel of the Charity comprise the Trustees (who do not receive remuneration
for their iole as TTusleesl, the Joint Chief Executives and the Senior Management Team as listed on
page 1. The total amount of employee benefrts (including employeT pension Contributions and employer
National Insuran￿ conlribulions) received by key management personnel for their services lo the Charty
was £482,199 - 13 personnel 12024.. £531,297 - 10 personnel). Included in the 2025 total are stsff
restructuring costs amounting to £NIL 12024.. £30,000) and additional costs from employing interim
finance directors for part of the year.
10. TRUSTEES. REMUNERATION AND EXPENSES
During the year, no Trustees recelved any ￿M￿neratiOn or other benefits {2024 - £NIL}.
During the year ended 31 March 2025, expenses lotslling £NIL were reimbursed or paid direcuy to
Trustees fr&r training and travel12024- £177)
Page 32

WILTSHIRE CREATIVE
IA COMPANY LI￿￿ED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11. TANGIBLE FIXED ASSETS
GROUP
Long-tsmi
19asehold Flxture$ and
property
ffttSngs
Freehold
property
Total
COST
At 1 April 2024
Additions
4,101.040
4,284,280
2.184.120
145.496
10.569.440
145,496
Al 31 March 2025
4.101.040
4.284,280
2,329,616 10.714,936
DEPRECIATION
At 1 April 2024
Charge for the ￿ar
2,991.835
96.508
1,640.486
130A67
1.820,029
90,197
6.452.350
317.172
Al 31 March 2025
3,088.343
1.770,953
1,910,226
6,769,522
NET BOOK VALUE
At 31 March 2025
1.012,697
2,513,327
419.390
3,945,414
At 31 March 2024
1,109,205
2,643,794
364,091
4,117,090
Page 33

WILTSHIRE CREATIVE
IA COMPANY LIMrrED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
11. TANGIBLE FIXED ASSETS {CONTINUEDI
GROUP (CONTINUED)
CHARITY
Long-tenn
leasehold Flxtur9s and
property
flttlngs
Freehold
property
Total
COST
At 1 April 2024
Addltions
4.101,040
4.284.280
2,142,061
135.910
10.527,381
135,910
Al 31 March 2025
4101,040
4.284,280
2,277.971
10,663,291
DEPRECIATION
At l April 2024
Charge for the year
2,991.835
96.508
1.640.486
130,467
1.790,983
6,6fj0
6,423,304
313.635
At 31 March 2025
3.088,343
1,770.953
1,877,643
6.736.939
NET BOOK VALUE
At 31 March 2025
1.012,697
2.513.327
400,328
3.926.352
At 31 March 2024
1.109,205
2.643,794
351,078
4,104,077
Wiltshire Creative owns the freehold of Salisbury Playhouse. For a period of 80 years from the last day of
1977 if Salisbury Playhouse ￿aSeS to be used for the purposes set out for it in its planning application,
Willshire Council has the right lo repurchase the s((e for £1 on one month's notice
Page 34

WILTSHIRE CREATIVE
{A COMPANY LIMrrED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. FIXED ASSET INVESTMENTS
Investments
In
subsldlary
companie$
CHARITY
COST OR VALUATION
At l April 2024
101
AT 31 MARCH 2025
101
NEf BOOK VALUE
AT 31 hhARCH 2025
101
AT 31 MARCH 2024
101
13. STOCKS
Group
2025
Group
2024
Charlty
2025
Charity
2024
SioCKS ana goods ft)r resale
29,010
23.134
11,601
12,265
14. DEBTORS
Group
2025
Group
2024
Charity
2025
Charity
2024
DUEWITHIN ONE YEAR
Trade debtors
Amounts owed by group urMlertakirvJs
Other debtors
Prepayments and accrued income
Theatre Tax Relief Isalisbury Playhouse Ltdl
68,606
19,621
61.030
46.004
673,164
175,345
7,719
175,641
4f6,491
170.912
15,446
175,345
665.903
76,549
170,912
373.339
925,300
640,421
955.543
830,763
Page 35

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15. cRED￿oRs.. AMOUNTS FALLING DUE W￿NIN ONE YEAR
Group
2025
Group
2024
Charity
2025
Charity
2024
Other loans
Trade creditors
Amounts owed tr) group undertakin99
other taxation and social ￿u￿tY
Other Creditors
Accruals
Deferred income
35.000
206.740
35,000
164,256
35,000
196,639
4.995
16.468
60,842
368.803
81fj,710
35,000
147,618
17,423
64,105
385,809
816.710
91,271
86,561
104,486
22,998
91,271
64,611
93.486
822.996
1.525.787
1,304,570
1,499.457
1,254,982
Group
2025
Group
2024
Charity
2025
Charity
2024
Deferred income at 1 April 2024
Resour￿ deferred during the year
Amounts released ftom prevK)us periods
827.196
491.101
822,996
491,101
816,710
827,196
816.710
822,996
{827,196) 1491,1011 (822.9961 {491,1011
816.710
827,196
816,710
822,996
16. CREDITORS: AMOUNT8 FALLING DUE AFTER MORETHAN ONE YEAR
Group
2025
Group
2024
Charfty
2025
Charity
2024
Other loans
23,260
58,260
23.260
58,260
The bank loan relates to the Comnavirus Business Intemiplion Loan Scheme, the amount is repaydble
rnonthly over a term of 6 years and has an interest rate of 2.62¥0 over the base rale per annum. The loan
is secured by way of a ￿al charge over the freehold property held at 100A Fisherton Street, Salisbury.
Page 36

WILTSHIRE CREATIVE
(A COMPANY LIMITED BY GUARANTEE}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17. STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balance at
31 March
2025
Balance at 1
April 2024
Transfgrs
Inlout
Income Expendlturg
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Fixed assets
4,117,090
{314,0491
142.373
3,945,414
GENERAL FUNDS
General fund
SPP Non&charitable trading
funds
PSL Non-charitable trading
funds
67.241
3,933,295 {3.865.0511
78.116
213,601
1.085,978 11,058.3941
127,5841
456,465
1263,560) 1192.9051
FREE RESERVES
67.241
5,475,738 (5.187.005) (142.373}
213,601
TOTAL UNRESTRICTED
FUNDS
4.184,331
5.475.738 15,501,054}
4.159.015
Page 37

WILTSHIRE CREATIVE
IA COMPANY LIMITED 8Y GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17. STATEMENT OF FUNDS (CONTINUED)
STATEMENT OF FUNDS- PRIOR YEAR
As restated Balance at
Transfers
31 March
inlout
2024
Balan￿ at
1 April 2023
Income Expèndltu
UNRESTRICTED FUNDS
DESIGNATED FUNDS
Fixed assets
904,932
{104,2041 3,316.362
4,117,090
GENERAL FUNDS
General fund
SPP Non-charitsble Iradlng
funds
{80,430} 4,717,803 (4,748,059)
177,927
67.241
110,4301
497,333
(302.9211 {183.982)
FREE RESERVES
190,8601 5.215,136 15,050.9801
16,0551
67.241
TOTAL UNRESTRICTED
FUNDS
814,072
5.215,136 {5,155,184} 3,310,307
4,184,331
Page 38

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
17. STATEMENT OF FUNDS (CONTINUEDI
As feslated
Transfers
Inlout
Balan￿ at
31 March
2024
Bal8n(y3 at
1 April 2023
Income Expenditure
RESTRICTED FUNDS
Theatre Developmgnl Fund
Eda Moore Lega¢y
National Lottery Capital Grant
Capital Building Campaign
ACE - Small Scale Capitsl
Capital works inc extemal
lighting
Salisbury Arts Centre 2018
remedial works
Breathe Project
Youth Theatre Bursaries
ACE Strategic review
ACE National Lottery Project
Grant- The Island
247,626
47,329
95.805
475,746
41.$47
13,9871 (243,6391
(1,1961
146,133)
{35,946}
159,859)
{25,0091
1450,7371
116,1831
125,3641
2,453,933
1105,5751 12.348.358}
127,113
27,540
{17.3561 1109,757)
127,5401
5,000
35.000
(5,000}
(36.080>
1,080
99,605
199,6051
3,516.639
139.605
1345,9371 13,310,307}
TOTAL OF FUNDS
4,330,711
5.354,741
1S,501,121 }
4,184,331
Page 39

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THEYEAR ENDED 31 MARCH 2025
17. STATEMEN I OF FUNDS (CQNTINUEDI
DESIGNATED FUNDS
The Designated Funds have b￿n reinstated this year, together wf(h the prior year comparisons, to merge
the previously described Unreslricled Fixed Assets Funds with the Restricted Capital Funds set out
below that have historically been invested fully in the Group Fixed Assets. The Board considers that on
these fvnds were invested in the Company Fixed Assets the restrictions had been mel, and (f is much
clearer lo show the direct connection between the Funds and the historical Net Book Value of the Fixed
Assets. As the Company undertakes a new phase of Capital Fund raising and Asset development over
the next few years, individual funds will be recognised as Restricted Funds until fully invested in the
completed new Frxed Assets,
The previous Fixed Asset funds now merged into Designated Funds wefe=
Theatre Devekjpmenl Fund: This fund arose from capital donations and grants received in order to fund
the building of the theatre and extension together with subsequent specrfic fundraising appeals have
en launched to help finance the theatre's various refurbishment programmes. The balance transferred
at end of 2023124 to De8ignated Funds was £247,626.
Eda Moore Legacy.. This fund arose from the legacy of the late Eda Moore who bequeathed funds to the
theatre fof the repair 8nd restoration of the theatre building. The balance transferred al end of 2023124 10
Designated Funds was £47,329.
National Lottery Capital Grant was given to fund the 1996197 refurbishment of Salisbury Playhouse. The
balance transferred at end of 2023124 to Designated Funds was £95,805. This grant included a restriction
that the grant shall be repayable lo the National Lottery if the recipient ￿aseS trading or is placed into
receivership or liquidation. The balance outstsnding on this restricted reserve stood al £23,913 St 31 Mar
2025 and wll be fulty depreciated by the end of the calendar year and the Trustees have concluded that
this reslriclion is not material.
CaDital Buildinq Campalon.. This arose in 21J)5 for the campaign to raise ftjnds to build a rehearsal space
and communty and education spa￿. The balan￿ transferred at end of 2023124 to Designated Funds
was £475,746.
ACE Small Scale Capital.. This arose in 2015116 from Arts Council England small scale G4pilal fund
towards improvements in the Salberg. This included new seating. IKJhting and sound as well as improved
insulation. The balance transferred 81 end of 2023124 to Designatsd Fund5 was £41.547.
Capital Works." These grants were made in respect of capital expenditure on St. Edmunds Church whlch
had been funded mainly by grants fTom the Arts Council Lottery Fund, the Heritage Lottery, Salisbury
District Council and a variety of trusts and individual donors. The balance transferred al end of 2023124 to
Designated Funds w88 £2,453,933.
Salisbury Arts Centre Remedial Works.. This fund comprTses grant fundiny from Witshire Council,
following the m¢rger in February 2018 towards the central capit81 Èxpenditure on Salisbury Arts Centre
including work on lighting, drains, fire systems and technical controls. The balance transferred al end of
2023124 to Designated Funds Was £127,113.
GENERAL FUNDS
General Fund.. Thi8 represents funds which have not been given fof a specffic purpose.
Non4haritable Tra¢Jing Funds.. This represents the net assets of the subsKliary companies.
Page 40

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18. ANALYSIS OF NET ASSETS BEfwEEN FUND5
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
Unrastricted
fund$
2025
Totsl
funds
2025
Tangib5e fixed assets
Current assets
Creditors due wrthin one year
Creditors due in more than one year
3,945,414
3.945,414
1.762,648
1,762,648
{1,525.787) 11.525,7871
123,2601
123.2601
TOTAL
4,159,01 S
4.159,015
ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assèts
Current assets
Creditors due within one year
Creditors due in more than one year
4,117,090
4.117,090
1,430,071
1,430,071
11,304,570} (1,304,570)
158.2601
158,2601
4,184,331
TOTAL
4,184,331
Page 41

WILTSHIRE CREATIVE
{A COMPANY LIMITED BY GUARANTEE}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLI￿￿ FROM OPEIiATINO
ACTIVITIES
19.
Group
2025
Group
2024
Nel expenditure for the year {as per Ststemenl of Fin8naal Activf(iesl
125,3161 1146,380)
ADJUSTMENTS FOR:
Depreciats"on charges
Loss on the salè of fixed assets
Decreasel{increase) in sltxks
Incfease iri debtors
Increaselldecrease) in credrtors
InleTesl Teceived
Interest Paid
317,172
309,456
1.630
5,316
165,4351
362.311
{5.8261
8,703
(2.476)
(46,2431
{17,419)
16,533)
6,054
NET CASH PROVIDED BY OPERATING ACTMTIES
225,239
469,775
20. ANALYSIS OF CASH AND CASH EQUIVALENTS
Group
2025
Group
2024
Cash in hand
811,738
766,516
TOTAL CASH AND CASH EQUIVALENTS
811,738
766,516
21. ANALYSIS OF CHANGES IN NET DEBT
At 1 April
2024 Cash flows
At 31 March
2025
Cash at bank and in hand
Debt dve within 1 year
Debt due after 1 year
766,516
135,000)
158,2601
45,222
811.73
{35,000)
123,2601
35,000
673,256
80.222
753,478
22. PENSION COMMITMENTS
The group operatss a defined contribution pension ￿heMe. The assets of the scheme are held separately
Page 42

WILTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEE}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PENSION COMMITMENTS IGQNTINUtDI
from those of the group in an independently administered fund. The pension cost charge ￿preSentS
contributions payable by the group to the fund and in the year amounted lo £44.500 12024.. £42,910).
£9.704 {2024.' £7,725) was payable lo thé fund at the balance sheet date and is included in other
creditors.
23. MEMBERS. LIABILrrY
Each member of the charitable eompany undertakes to contribute to the assets of the company in the
event of it beiThJ wound up while they are 8 member, or within one year after they ￿ase to be a mernber.
sijch amount as may be requiTed, not exceeding £10 for the debts and li8bililies contracted before they
C￿e to be a member.
24. RELATED PARTY TRANSACTIONS
During the ye8r. the Group re￿iVed a donation amounting to £3,000 from Salisbury Cty Almshouse, an
enlily in which a Trustee of Wiltshire Creative is a Trustee.
The Charity has taken advantage of the exemptlon in FRS102 Sectk)n 33.1A and not discbsed
transactions with group enllttes.
CONTROLLING PARTY
The Ch8rty is controlled by its Trustees
Page 43

LTSHIRE CREATIVE
IA COMPANY LIMITED BY GUARANTEEI
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
26. PRINCIPAL 5U651DIARIEèi
The folk)wing were subsidiary undertaknngs of the Charity and induded in the consolmlation..
Namès
Company
numbar
Ragist•r8d office or principal Class of Holding
place of buslness
shares
Salisbury Playhouse
Prcxluctions Limited
09217165
Salisbury Playhouse, Makhouse Ordinary
Lane, Salisbury, Willshire, SP2
7FIA
Salisbury Playhouse. Malthouse Ordinary
Lane, Salksbury. Wiltshire, SP2
7FA
100%
Playhouse Services Llmked 02694718
1000
The financial results of the subsidiarigs for the year were..
Names
Incorno
Expendlture ProfitllLoss)
for the year
Salisbury Playhouse Prc￿uct1OnS Limited
Playhouse servi￿ Limited
1.721.693
456.465
11.694,1081
(263,5601
27,585
192.905
Page 44