HEMLEY FortThEYEAII
KENTON ThEATRE HENL£Y-ON.ThAMES MANAGEMEPIT SOQEVY UMIYED 31 Page Legal and AdministratTr¥e lnfrjmwt1n Report of the Tfustees and Directors 24 Statement of FiTrarKial Actmties Statement of FinarKTral PositTr Noies forminK part ol Financrdl 51atements 7-13 Indendent Examtner's Report 14
NT IRE HENLEY-OfkTHAME MANAGEMENT Eo iEGAL AND ADMINSTrATIVE INF MA FOR THE YEM TO UST 2025 Constitutlon= Kenton Thearre {Henleyn-TharneS) Management Society Limited is a company limited by guarantee and a registered charity gtsverned by its rnernorandum and ariKtes of associaiion. Company Number 9(6767 Charity K[stered Number 253021 Tru$tees: The Trustees during the fina*Kial year aNI sirKe theyeorend were as lolknws.. Tara Macleod Oennis OINer Ant)nY Sanderson Fion3 Sanderson Julie Deadman IAppointed 12 June 202SI Rathael 0.lIan IAppointed 4 June 20251 Kathryn Siegel (Appointed 19 June 20251 Suzanne Yeates IAppointed 30 May 20251 Sarah Bell IReswined 11 June 20251 Julie Huntin8ion (Resigned 25 September 20241 StephaniÈ Maxwe51 IRe51gned 10 Sewember 20251 Chalr.. Tara Macleod Treasurer.. AntirtY Sander50n Theatre Manager.. Lottie Pheasant Registered Offlce= 19 New Street, HenleYThIrne5. RG9 2BS Bankers: Borclays Hart Stceet Henley-on-Thas RG9 IAX CCLA Senator House 85 Queen VKtorKI Slreet London EC4V 4ET Indepefidtnt Examiner N M Srnith BFP.AC4, Villars Hayward LLP Chartered Accountarbts Chartered Tax Adviser5 Registered Au¢Jitor5 Boston House Henley-on-Thames RG9 IDY PaBe I
NT THEATR MANAGEMENT SOCIETY LIMITED REPORTOF THE TRUSTEES A14D DIREcr FOR THE YEAR TO 31 AUG The Trustees. who are also the direciorsof the charrty lor the PUTkWS of the CornparHes Acts. are pleased to present their rePrt iogethei with the financral Starnts of charity forthe year ended 31 Augusi 2025. The legal and admini5tratNe inforrnalion Set oul on page i forms part ol this rèport. The finaTrcrdl 5tstements comply with current stotutory fe4uiremerbt5. the mtrrorandum and articles of assoctKIn ènd the Chorities SORP 'Accounting and RekM)rtinE by Charities.. Statement of Recomrrnded praCte appIab to charities preparing their financial statements in accordance with the Finar131 ReportiDg Standard FRS102 Yhe FinarKial Aeporting Standard applKable in the UK and RepublK of Ireland including the pfovtsions ol Seciion IA-SnHII Entis- and the Companies Aci 2W6. Stvucture The Charity is con5tilLrted ès a company lirnited guarantee and is therefo ¢o¥erned by a memorandum and articles of ssociation. A board of trustees of up to nine members èdmini5ters the charity. and they are emrx)wered to apwlnt a Manageffent Committee to carry out the day-to-day work of running the theatre. ThE Tru5tee5 are appointed by the members at the Afjm and reti rotaiitin. Casual vacancie5 may be filled by co-option by the existing Board. subject to formal elect) ai the nertAGM. The trusteescontinuousty reviewthe towhKh the the3irEmaybecome liable and the implemeniatlonof legal and other requirements. Ob ertl¥es and Ivki tompany wa5 forrned in 1967 and the memorandum was aAde<l IA ?( to read Yhe company is established to promote. maintain. irnprove and advarKe educatthjn. partularty by produttw of educational play5 and the encouragetnent of the Arts, Including the arts of drama, mime, dance. singi and music. and to fofmulate, prepare and establishxherne5therefoie. andto promote the repair. restoratA)n and pie5ervationforthe benefitof the naton of bvildings of bEOUty or historK interest and in partKularof the Kenton Theat. Hen1ey--Tharne5 111 the County ol Oxfor(r. Section 4 of the Charit$ Act 201112CI)6 requires the charity trustees lo compty with their duty to have regard to it public benefit guidance published try the thaTity Commi5s)n in exercsing their powers or dufies. The trustees confirm that they have referred to ihlsBuidènce Tr reVieng the OOat)n'$ aims and objectives and in planning fvture acrivities. A(hSe¥ements Ind Performa The linancial year 2024-2025 will be NMbelI as orE of th chaInge and transf0mlaift-a year where The Kenton was challenged by rising costs afid 4 iJildirbg that 5tubt(*rnty continues to show its age. And yet. despite tse pre5sure5. the team learned io walk that tightrope wilh 8reaterconMerKe. steadier footin& and a renewed sense ol purpose. Our ftnanci81 p)5ition is moving in ihe rht dirertw. The 31 August 2023 restatement showed a defkit of £189k. However. the 2024 year-end deficlt has improved to E32k. Historic linarla1 isstses have been addressed. irKludln8 a maKJr VAT matter now covered by a long-term payment an. Repayrneniof the HTC loan has stsrted. Financial contTols processes coniinue to stren8then. Thouzh liquidity remains tBht and margins ihin, dye w carelul rnanagernent and disciplined measurernent. the finarKial traie(tOry is FOSttNe. and have achieved a breakeven posltloTh for the year endi 2025. The buildin& at 220 years old. while still full of character, continues io demand major refvrbishrnent. This year we have placed the boilers and completed stages one and iwo of the14ghbng replacement. We are raising funds to complete srages 3, 4 and S. We will replace the11 alarm system in the newyeai. Space limitatiorscontinue to restrict new intome stre)rDS. Yet these challenges have not stopped us-they have sharpened our focus. Our Operat5 team while small. with prethjminantly time staff. 15 Stron& now solidly in place and reattr to meet the challengesol delivery. At the same time. we gained clarity about the help we needed from our Trustee board and with careful recruitmen( we brought in exactly the expertise required toeTrhance an already strong team. The ttsmbined irnpact of these rneasures Is already being felt. Page 2
KENTON THEATRE HEP4 MANAGEMENT IETY LIMITED REPORTOF THE TR es ANO DIRÉcfoR5 CONTINLIED FOA THÉ YEAR T I AUGUST 2 opelatioftal this has been cxjr mD5t successful year Wlth a total revenue of £887.505. This has been accomplished by strong ticket revenues which have inireased by 25%. Bar revenue sknwed è gain of 27%. Against all odds. The Kenton Hoi onty survNed the year-il thTived. And now. vrith arnkn"iious targetsset. the year aheadcalls v5 to even greater heights. Programming rewnains a challenge for a theatre wth ontyone perlormante 5paie. but thi5 year The Kenton truly found Its voice. The theatre put on 241 perfoTmances which is a 16% IaSe and sold an exces5 of 35.CKXI tickets. Perceptions ol the theatre programme have a150 changed Irom being seen as tri11t band relwnt to providing a stron& dNerse. balanced. and ie5pected afray of shows. We are still community group focussed whKh accounts for 42% of productKsns. Our professitsnal pro8ramme, including our much-loved paniornime. now tepre5ents SOX of the calendar. Commercial hlres acc¢)vnt for 8%. Headline comedians and hTgh-prolile ce1$. bring noth01 attent0 to our stage. Fundraiyry Grants r fundraisir efforts have been wKrediLqy successful. and we are 8rnteful for the supwrt we've iecewed. We are thrilled to have enrolled patrons. whose generous Contribut$ have provided Vital unrestricted income. This has gnificantly inc¥ea5ed our flexibility and trufy made a world of diflerence to oui work. In addith)n, we launched our Friends Proyamme, whKh asks forcorrtritrtJtKS rangingfrom £40 to El. Nearty 3(1 people sfjgned up, raing just under £IO,(KKI, which 15 an outstanding resuk and a testament to the strength of our tommunity. Thanks to these efforts, we raised an N))pressive £48.653 rthe year. Looking ahead. we a excited to CONinue these successful iniiiatwes. while also explorin8 MO 1ftvattye and ambnvjus fundfaisln8 a¢rtieS to build on this momentum. Moreover, we were fortunate to have secured several grantslor capital ¢jpment projects totslling £129.500. which are helpin8 us drfve forward essential refurlyshments and provide seed funding for future development. These grant5 are laying the fouTrdat)n lor a proKre55ive and su5tsinaWe luiure fof The Kenton ensuring its continued success and growth lor years io come. Volunteers We remain a front of house run organisation and our group of voluner$ continues to bo vital io OUT 5uiiess. We currently have a slightly reduced p(x)l of just over peoe. The decllne is due to retirement. 411ness and moving away fTom the area. We are artNely and succe55fulty recruitine rnore ¥olunteers and will Contifit to do so. The Board isverygrateful for the invaluable ContributTr this team makes. This has been a year of resilience. reimientK)n, and arnbit)n. We Still walk a tyghtrope-but we do so now with balarKe. poise. and a vision that grows clearer every day. With renewed enEr8y in our ovefations. Stronger aderShiP, a b)Id programming identity. a community that continues to believe in us, The Kenton is sieppivBconfidently toward a lutufe that is brhter. Ix)Idei. and brillkinlty within reach. Finan This year was s4gnificantfortheTheatreas it rnarked ourreturTr toa breakeven result. A small surpltss was achiÈved ol ES.119 12024 Delicit E31,5991. This importatbt milestone was rnet on the back ol incfeased turrtovei rising from £718,451 in 2024 to E887,505 in the year under review. AD increase of 23%. The StatenEnt of Financval POSItTr was also improved by ¥eaching aereement with HMRCto settle a bn8OUiStandin&VAT liability o¥era nurnberofyea15the¥eby reducingtheTheatre'scurrent The Tnjstees are confKlent that the steps b" taken to Kun on a profess)nal 15 and return the theatre to break-even pD$1tWll1cOntiue to Show benefits in theyears (oMe. A 5iKnifKont element in the improvement iTrfinancl performance continues to come Irom subscription donat5 8rant5 which were £74,701 in the year12024 - E72.7271. The Tru5tee5 are extrerne graieful for SUPPDrt given by the many people and organisai¢ons to the Theatre. and this will remain an imkxjrtant partof the Incort of the theatre going Iofward. Mefflbers will be awaie that the theatre requires snrfont ratal investrTnt in the near fvture and TrL15tees are Working hard to secure grant lundin8 In support of thi%. Pa8e 3
KENTON TrIEATRE HENLEy-THIEs MANAGEMENTSOCIETY UMITED REAT0F THE TRUSIEE AP40 DIRECTORS CONfiNUED FOR THE YEPJI T The Theatre has uniestricted reserves of £295.632 and re5tricied reserves of £53.497. The company h05 reieived a terrn hjao from HeQyT0WTh Cor11 whKh will allow the theatre the oprx)rtunity to bUIld its serves. Repayment of thi5 knan commenced bn SeptembEr 2025. Ti 'lities In Relat the Fin ents Company law requires the trusiees io prepare tlJI stsiements that 8tve a tr and fair view of the slate rjf attars of the charityatthe end of ihe linarKo1 ye6rand ol its surF4usor dthiibr the flnarfia1rK)d. Indoin850 Ihe trustees are required to.. select suitable accounting policie5 and then apply them con51Stentlv.' make judgentS and est¢maies that are reasonab and prudeTrt- prepare the financial staiements on the 801CorKern basis Un$S It Is Inappfopriaie to pie5urne that the charltywill contsnue to operate. The trustees are responsible for rnoiTriaining proper accounti record5 whirh dClOSe with reasonable accuraty at any tirr the flnancial posith)n of the chafity and enae them to efwre thatthe financial 51atements compty with Companies Act 2006. The Trustees are a150 respon51ble for saFeguardinB ihe assets of the charity and hence frjr taking reasonable Steps for the prevention and detection ol fraud and tr 1rre6ularit5. Reserves P The Board olTnJstees have ieviewed the companTrls ServeS policy. The trustees consaer that the company should retain ie5erve5 suffKient to cover three Months basic runnin8 Costs. Whilst the Theatre has sulficient uThrestrKied resetves to Ireet this kK•licythe liquidityol the Theatre tight and subject to seasonal fluctuation. The Net Current Asset position at balance sheet date rellects this fluctvatKn a5 the year end comes at the end of ouf yearly mnth-kn annual cbsure. The cash position of the Theatre at yeaf end include5 a s¥nificant amount of grant money ieceived for (apital projK15 1£11S.C(K)I whKh kn*re CoMpted just before year end and ihere is a corresponding liability in creditors for the work done. However. sincE the year end. the cash position improved. and the trustees are ol the opinion that the ieser¥e5 POSItK)n is satisfattory. Inde enden Exam A resolution will proFQ5ed at the Annual Ge[01 Meetiw that Hayward LLP be -aPpOInted as independent examinerto the charrty for the ensuing itar. Byorder of theTrusiees T M Macleod Chair of theTrustees Oate- 2025 Page 4
NTOA THEATrE HEf4LEY MANAGEMENT STATEMEI4T INCLVDING INCOME EXPENDIYUAE ACC FOR THE YEAR ENDED 31 AUGUST 2025 FurAs Note Unrestricted Unrestritted Gerwal To¢aT Funds ai.8.24 INCOME AND ENDOWMENT5 FROM: Subscriptions. doTrations & gran 74,701 74.701 72,727 orher trodino uctiwties Tr?ding operations 141.591 141,591 111,906 Inve5trnents 1.251 1,251 CharItae arti¥ities Income Irtsm opEration of the theatre 636.234 33.728 669.962 533,816 Total 853.777 33.728 887,505 718,451 EXPENOITURE 014 = Charitable aCthles.. Trading operations Costs of opeiation of the theat Management and administr*ion c05tS GOvernae costs 40.021 467,9 323.023 3.750 40,021 515.592 323.023 3.750 32,185 484,347 229.768 3,750 40.923 Total 1834.7031 16.7601 140.9231 1882.3861 1750.050). Net incornellexpendliurel bef¢)re tran51ers 19,074 16.7601 17.1951 5.119 131.5991 Gross transfers between fvrK15 Other retognised gainslllossesl Gains/lbsse51 on investment assets io Net Incomellexpètiditurtl aftertransfevs 19.074 16.7601 17.1951 5.119 131,5991 Peconrillation of funds.. Total Funds brought forward Tffjal Funds orrfed loTh¥ard 254.S33 273.607 28,785 22,025 60,692 53,497 344.010 349.129 375,609 344,010 Page 5
KENfopi THEATRE HENiEY-ON.THAMES MA14AGEMEKf 50aETY LIMITED ATEMENT OF FINAP4CIAL POSTION AS AT31 AUGU57 2 25 31A25 31A.24 FIXED ASSErs Tangible Assets for aritY ijse 13 620375 536,637 CURRE ASSETS Stock Debtor5 Short Temi Deposits Cash ar Bènk and In Hantl 14 15 16 6.670 48.461 115.237 163.119 8.387 51.836 237 123.435 333.487 183.895 CREDITORS Amount5 lallinB due vrrithin one year 17 1331.817 281,5211 CUARENT ASSETSIILIABILMES) TOTAL ASSEfs LESS CUAREP IIABIUTIES 1.670 197,6261 622.545 439.010 CREDThORS Amounts falling due after more than one year 1273.4161 95,0(K)I NET ASSEfs 349.129 344,010 FUNDS OF ThE CHARITY Unrestritted Restriite 19 19 295.632 53.497 283,318 60,692 TOTAL OIARITY FUNOS 349.129 344.010 The company is entitled to exemoion from audit under Seaion 477 ofthe Companies A£t 201 for the year ended 31 August 2025. The trusteesldirectors have not required thecompany toobtain an autht of its financial $thMentS for the year 31 August 2025 in accordance with Secrion 476 01 the Companies Act 26. The trustees/direttor5 acknowledBe th•f reskx)nsitNlities for.. lal ensuring that the Company keeps accountiiy records whith comply with Settion5 386 and 387 of the Companies Act 2LMJ6 and Ibl preparing financial statements which give a true and fair view ol ihe state of affairs of the cornpanv 5 at the end ol each financial year and of lis surplus or deficit for each financial year in accordance with ihe ¥equirement5 01 Sections 394 and 395 and which otherwise cimmply with the requirements oFthe Cornpanie5 Act 2( re1ing tofinancial Statements. so far a5 aPicable to the company. These financial Statements have beert prepared in xcordance ¥¥ith ihe prov4SiOnS applicable to companies subjeci io the srnall companies regirne. The financial statements were approved by the Board of Trustees and authorised for issueon . 2025 and were si8ned on its behalf bv.. T M Mcleod Chair of the Trustees A Sanderson Trustee Page 6
KEffftiN TrIEATRE IIOTE5 FORMIIIG PART OF THE FINANCIAL ATEME FOR THÉ YEAR E OED 31 AUGUST ZO ACCOUNTING POUQES The principal accounting are summarlsed be. a. of preparlng thÈfinn¢ial statemerrts The financol statements he been prered in accordance wtth the Charities SORP IFRSSEI'AccountingaTrd Reporting by Charities". Stslernent of Recommended Practice applicable lo charities preparing their financial ststements in accordance with the Finantial ReportTrng StaftdaTd FR5102 Yhe Flnancial Rewrting standard appIable in the VK and Republi¢ of arend tlUding the PTOV15ion5 of Settion IA-Small Entities" and the Companie5 Act 2¢. The linancial statements have ljeen prepared underthe historKal cosi convention. b. Fund a¢uuntlng General Fund5 are unrestrtied fvnds. which are availabk for at the di5cvetion ol the trustees tn lurtherarKe of the gener31 objectives ol the charrty. Thè Designated Fund is an unrestrKd fund created truttees at their discretn for a specific NJrp05e. Restricted funds ale fvnd5 whiEh are to IR used in accordance with specifK restrktions imposed bv donors or which have been raised by the charity for part?cutsr pufpose5. The cosi of raising and adrniniste¥ing such funds are charged ardin5t the srf1¢ fvftd. The aim and use of each restricted lundare set out in the notes to the finarKval statements. £. lrt¢ome All income t5 recogfiised in tl Statementol Financial Attivits once the tharity has entitlement to the funds. it is probable thai the irKoffE will be rÈceNed. and ihe arTr)unttaA be ffasured relk•bty- The folbwing 5pecthc kKTrlKJes are to parttcukr cateBorie5 of irKome'. Voluntary i10 is weived by way ol rrErnbers' subscriptKn5. donatty)ns and grants. Members. subscriptions income is credited io the Statement of Fina471 A£twities when it is received. No adju5tmEnt is rnade in $ct of Subscript5 lYJtstandinK ty reoived in advance. Donations are ncludeiS in irKomin8 resources when they are received. Grants are irKluded in incoming rÈsource5 when ihey are rectNable exceptwheTe the donors. cond4tions in respect ol giant5 received for Specific 5ervKes have been fulfilkd, then irKome is deferred until receipi, or kne the 8rant is intended to cover a per ol time beyond the date of the Balae SheeL in such cases income is allocated on pro rata basi5. fjrft reclaimae ofi tlonations to the charity 15 included as received. The value of services PTovhJed by volunteer5 has not teen indut*d in these financial statements. Investment income is irKluded when received by the charity. The income from lundraisiTrE is shown gross. th the aSlated cost$ irtluded in fundraising costs. Incoming resources from Charitab aCtNit$ ale iecer¥ed by way of theatre Tenta15 and productn5 which are i¥Kluded in year in whh tting or 0dtion takes place and all other income is included in the perk)d In whKh it is ewed. d. Expenditure Liibilit5 are recognised 0$ expendY<ure as 500n as there is a leeal orcon5trnctNe obligation committing the charity to that expendrture. it is probable that a transfer of e[oNrnic beTrefit5 will be required in settment and anK)unt of the oblytmmtan be ffasured reIbfy. Expenditure h accounted fof on an accrLJals ba51S 35 a liabllity is irKurred. f[ ol VAT. All cosis are allocated between the expenditure categories of the Statement ol Financial AciivitiES on a basis Ilesigned to reflert the use of the resource. Where costs cannot be directly attributed to partKylaT headings. they have been allocated to artNities on a basi5 con51Stent with vse of the restyjrce. The nettio8-oIFof experses and rekited irKome isonly undertaken where the values are Tt matenal. Page 7
THEATRE HENLE¥4)TNAS MAP4AGEMENTSOOETY UMITED PX•IES FORMI PART THÉ FI AIEMENTS contlnued Foft 7KE YEAR END IAUG ST2 EJÈpenditure {contled> Costs ol generati4 fundscofflwise the Costsa$I#ted with attrathnK¥olunlary inco and thecosts of fundraising. Charitable expenditu comwisesthose costs ihcurred bythe charity in the delivery of its attivit5 and seThfiCeS lor f15 bEnefKiacies. It includes th costs that can be allocated directfy to such activit5 an(J th)se costs of an indirett natuie eSsary io support Ihem. Governance costs include those costs a5131ed with etIng the constitutional and starutory requirernents of thecharity and iKlude Independent Examinerfsfees and costs linked to the strateyc mana8ementof the charty. Tangib fixed assets ènd depre(i*ion Fixe(5 assets are recorded at C05t kn accUmuted deweciation. The costs of minor additions are Trot capitalised. Depreck8tiorb 15 provided on tar4ible tsed assets at annual rate5 cakulated to write off the cost over their expected u5efvl ecorth7 &fe 05 folbws.. FreelKJld Property Improvernents to Prokvty Fv%tures & Filtings Computer equipt over 25 years 15% on reducinK baLHnce 33% strai8ht lir Sto Stock 15 cluded ai the kknErotcost or net 311$ab value. LEGAL STATU5 OFTbf CHARITY The charity Is a company limited by8uarantee and has shafe capital. The liabilityof each rnemter in the eveftt of Wind1 up 15 lirnited to El. Page 8
THEA HEN EM IETY NOIES FOftMING PARTOFIHE FINANCIALSYATEMENT5 (ontiThJed FOR THE YEAR EPIDEO 3 Volunt¥y income. 5ub5cf1pnS. donati¢% yants Unrestr• Funds General De51Knated Restrkted Fund5 Funds Funds Total .8.25 Total Grants Theatre Friend5, 5ubxriptions Donations 26.048 9.951 38.702 74.701 26.048 9,951 38,702 74,701 31,963 1,405 39,359 72,727 Trathrq opei•tlons Income from bar saS and of confectionery and coffeeltea 141.591 141.591 111.906 Cost of bar 5ale5 and sales of confectK)nery anLI coffeeltea 40.021 40,021 32.185 In¥estment In¢¢*h• Interest on COIF Cash Deposil Bank interest 1.240 li 1.240 li 1.251 1,251 In¢ome frorn operation of thetheatre Letting incorT Productlons and bjokifig fee5 Pantomirne tKket sales Fundraisin8 and SFonsorship Other incorne Communty fund Recharged technKal servKes RestOratn ¥ 72.232 373.727 134.675 S.476 16.052 8.432 25.640 72,232 373.727 134,675 5.476 16.052 8.432 25,640 33,728 63.098 293.341 114,274 11,555 10.139 6.990 6,460 27,960 33.728 636.234 33.728 669,962 533,816 c1$ of op•r•tion of the theatre Productions. costs Irrecoverab VAT- Pro(110Th costs Caretakerlcleaning Legal, professlonal and consultary fees Fundraising C0$15 Repairs and renewo15 Marketin& and advertising TelephonÈ Ll8ht and heat Rètes and rubSh cdlectKyTr Inetl IT & ThnICal 8ox office administration Provision for doubtlul debt Irrecoverab VAT Hire of eouipment Depreciation and amorti5ation 355.766 355.766 246,870 25,956 7,955 8,006 3,102 36,836 50.431 1,840 28,740 5,563 19,314 4.009 3,585 15291 28.056 28.056 33.498 2,207 24.712 33.498 2.207 24.712 17.619 17.619 4,054 250 15,518 1,840 21,808 250 15.518 13,918 3,505 18,301 2.181 6.760 12.867 467,9 6.760 40,923 515,592 484.347 Page 9
KENT THEATII EMEiifsoaETY UMITED RMIN PART THE FINAPKIALSTAIEMENTS (oftt5ntsed FOR ThE YEAA ENDED 31 AUGUST 2025 Manaiement and adrnlnlstrat costs Unrestrirfed Funds Total 31.&25 Total Fund5 Fund5 Theatre Management- salaries et Insurances Bank & credit card charges Interest on VAT paid late Box Office Mana8errent Bookkeepin Box office computer costs Support for comMnity gfOUPS Fines and peftaliies hrtixellaneous expenses IrFecoverabie VAT 204.317 14.777 15.879 3.582 204.317 14.777 15.879 3.582 30.304 21.522 24.585 131.457 10.495 13,451 27,288 14,067 20,555 I,sio 775 5,049 5,121 229,768 21.522 24.S85 8.057 8.057 323.023 323 023 Governance costs Independent Éxaminer's lees 3.750 3.750 3.750 10. G•lmVILtsssesl <)n In¥tnt A55ets Total Total 31.8.24 Funds Funds Funds Unrealised gainll105$1 on re¥aluation of invesimenfs 11. St•ff costs and tru5tee5' remuneration lil The average number of employeesduritya year wa5 1212023- 71 Vnrestiicted 1les1¢rtd Rèrtrirted Funds Funds Total 31.8.25 Total 31.8.24 Costs of 5tatt. including Employerfs NIC 234.621 234.621 158.746 lilll No Trustee of ihe tompany we£esved reMrration in reswof their trvsteeship orfor any other 5ervice5 duringthe year. Trustees rnay be 1mbr5ed for tra¥d andsimikrcosis irKucred (where claimedl. cring the year £424 was re1 to trustees12024 £nill_ 12. Mo¥em¢rt l# totsl for the year 31.&25 31.8.24 Thi5 IS stated after char8ln8'. Depreciation and AmortisatK)n 21.808 18,301 Independent ExaMir.$ Fee- extemal scrutiny 3.750 3,750 PaBe 10
NTON 7MfATRE AIthGE141ÉNTSQCIEIY UMITED MIP PAATOF ATE¥ENTS IIDued FOR ThÉ YEAA ENDED 31 AUG 1025 13. TaWffi%ed a55ets NxEUrnS & At 15eoember 2024 Addrtion5 294.721 6.713 7.272 5,697 194.199 50,623 822.781 106,046 43.013 At 31 Aulust 2025 301,434 43.013 26589 12,969 244,822 928.827 Depre0.. At I Septernbei 2024 Char6Èfor theytar 104fJ LO,974 26.589 1.193 3.550 150,358 7,284 2H6.144 21.808 t 31 August 2025 118.978 26.589 4.743 307,952 Net Book Valu?.. At 31 August 2025 182.456 43,013 8.226 87,180 620.875 At 31 August 2024 186.717 6.079 43.841 536,637 14. 5t0 31.8.25 31.#.24 iiemsfot resale in 8a¥ and Coffee 6,670 8,387 15. Debtovs 31.8.25 31.8.14 Prepaympnts and Accrwd kncame Deferred Iniefest tkn To IIMRC Tr31Je Debtor5 Other Cyblors 22,636 15.632 10.034 159 47.930 3,744 162 48.461 51,836 31A.25 31.8.24 CIYF Charii*s Deposlt Fund LL5,237 237 17. tsethtry5: Arnountsfalllni duo withkn one¥ 31.8.15 31.814 Socièl Securhy& (AherTaxes Deferred Incom Oeferred Grants fteteNed Olhercreditors T¢adÈ Credi¢ Afuuals Ba13ncewiih Kenrw Theatre P¢eseThtsrn5 LfftKed Loarns 18.509 92.017 27,702 67,457 IIK).290 20,842 102.308 78.069 44.533 30.922 15,500 5,190 5.ClJO 331.817 281,521 Page 11
KENTONThEATRE HE141EY-ON.THAMES MJ4AGEMEI T( LIMITED NOTES ThE F114A14CIAL STATEMENT5 ntiThJed FOR THE AR EN UST 2025 18. CdItorS.. thounts falllnl th mort than one ytar 31.&25 31.8.24 Loans.. 1-2 years 2-5 years (r S years 5,0 15,OC 75.0(X) 75,( 95.0( 95,CWJO Social Security & Othef Taxes: 1-2 years 2-5 year5 {er 5 years 14.211 47.241 19,215 80,666 Defèrred Grant5'. 1-2 years 2-5 years lknr 5 years 15.383 37,540 44.828 97.750 273,416 95,0 19. Movement tn fund5 In¥•Mment 8alnsl losses At 1.924 Expendff<ure At 31.8.2 Unrostrfrt•d funds General 254.533 853.777 1834.7031 273.607 Desl8nated Fund Kenton fof Keeps- Gereral Fund 28.785 16,7601 22.025 Total Unre5trKted Fund5 283.318 853.777 1841.4631 295.632 R¢strirted fund5 General Restrjration Levy Fund Property Improvement Futhl 43.536 16.156 33.728 140.9231 36.341 16,156 Totsl Restricted Funds 60.692 33.728 140.9231 53,497 Total Funds 344.010 887.505 882.3861 349.129 Pa8e 12
IIIUN THV4T HENLEy7HAmES MANAGEMEPIT UMITÈO S FORMING PARTOF THE ANANCIAL STAItMEins SOR IHE YEAR ENDED 31 AUGU5T2025 19. Mobpment In fvnds (ConrtUed) ed lynd The Kenton for KeepsGeneral Fund consists of fvnds rnsedto ensure the fvture of thE theatre. and tQ a55iSt in the cost of future improvements. Restrirted funds The General Fund resulted from the SLKiety's l8@r wtth the Kenton Theatre Socty and represents a sum that was originallv gNen to tktm to be held as an Income producing in¥e5tment. The Restoration Fur represents the amwnts levd overand ab)ve the cost of theatre tlckets to a$St in future resrorètitsn project5 and ongoing paIrS lo the Theat. The PrOrrY ImpTo¥ement Fund represents tl* fjet amounr raised forthe caKspy Inow fulty deprecsatedl and ongoing improvernents to the PreMe$. 20. T•x¥tlon The Company is exemptfrom Corporation Ta¥ on charitable actryit. 21. Goltyg conrn The Trusiees have continued to prep3re the finarKk11 statements on a going cthKern basis and the Trustees deem thts to be appropriate. The Trustee5 do consider that a material rertaInty about the company's toirbg corKerTh status currently exist5. In makin8 this assessrnent the Trvstees have consided the knkely tradire conditn5 for a wiod of twelve months from the da of approval ol these linarKial 5taternents. 22. Sered Loan A loan received from Men Town Council a Wl char8e against freehold propety owned by the Chartty. Page 13
KENTON TH TRE MANAGEMENT INDEPENDENT EXAMINÉA'S RE TO THE TRVSTEES OF THEATRE MEI4LÉY-ON.TH MENT SOUETY UMITED l pOrt on the financial siatements of the charitable company IOT yeaT ended 31 Av8ust 2025, whh are set oui on pages five to thirteen. Respertivt respowlbilltlesof trnstees •nd txarniner As the charit¥ls trustees of the cornpany land also its diieuors for tlE purw5e5 of company kw) ycw are respon51ble for the p¥eparath?n of ihe linèn£ial staternents in accordance wfth the ie4uirerrents of Ihe Companies Acr 26<~the 2(M)6 Act"l. Havin8 been sat151ied thatthefinarKval staternentsof the company3 r1 required to be audited under Part 16 of the 2006 Act and are eligible for independent eMInation. I report ift respect ot my exarninatn of yfxjr charivs finaThcial statements a5 carried out vnder sectiofi 145 of the CharitiÈs 2011 ItIE-2011 Acfl. In carrylng out my examinatson I have followed the Directions given by the Charity ComMissnerS under sectKn 14Sl5llbl of the 2011 Aci. examine the financsal statements under5ection 145 of 2011 Art.. ro folkjw the procedures laid ¢knwn in the General DirectiOTrS KNen by the Charity Commission under section 145lSllbl of the 2011 Act. and to state whèther particulaf matters haVeco to rny atterfw)n. 8a515 01 independent examirttt5' report My examination was carried tsut in accordarKe with Geretol DIrertn5 given the Charity Cornm155Th. An examlnation includes a review of the accounting re£ord5 kept by the chaiity aTrd a companson of the finarKial statements presented with those record5. It also includes consideration of any unusual item5 or dr0$ureS in the financial statennts, and the seeking of explanations from you as trustees concemin8 aJ)y such matters. procedures undertaken (lo Trot provide all the Èvidence that would be required in an audit and, cortsequentty, Th)opin*)n iS8Nen as to whether the fiDarKkil statements present a'true and fairvlew. and the feport is limle to those fflatters set oul in thÈ 51atemerbt bew. Independent examirtrfs%taternent In connectKJn With my examination. matter hascome to my anerfKy)'. which 8Nes Me reasonable cause to believe that. in any material respect. the requsrements.. to keep accountin8 reiord5 in acwidarKe with sectKJTr 386 387 of the Cornpanies Att 2(X)6.' and to prepare finarKial StarenTrts whKh accord wilh attounting records. comply wrth the accounting requirements of SectlQn5 394 and 395 of the Compan5 Act I6 and with the rnethod5 and principles of the Accounting and Reporting by charIts". Statement of Recommended Practice applicab to chanifjes preparing their financial staternents in accordance with the Financial Rewrtin6 Standard for srnalr EntitiÈs (the FRSSEI lellective l Janttary 20151 have not been met: or io whKh. in rny opinn. attentton 5Pwld be drawn in rjrder to efiat a woper uThJerstandingof the financial staternentS to be reached. N M Srnith BFP. ACA. Villars Hayward LLP Chartered AccDuntant5. Registered Auditors and Chartered Tax Advisers Boston House Hen1ey-0n-Trn RG9 IOY Date.. I t 2025 Page 14