EGISTERED COMPANY NUMOER.. 00815227'IEngland ond Walesl 11EGISTERED CPIARITY NUM8ER.. 253606 ANNUAL REPORI AND CON50LIDATED FINANCIAI STAIEMENT5 FOR THE YEAII ÈNDED 31 MARCH 2024 FOR 5CARBOROVGH niEATRE TRUST UMITED TRADING AS srÈpHtN J05tPH THEATRE 'DIFUWK 21112r2024 ¢(*APANIES HOUSE A31
13)
SCAR8OROUGN THEATRE TRUST UMITED TRADING AS STEPYEN IOSEPK IHEAIRE CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENT5 For the Yeur fnded 31 March 2024 Poge rieport ol the Tru5tèe5" Report ol Ihe Independenl Audlor5 Consotldoted Sl(Ilemenl'of Financiol Aciivmi .10 ton501idiited 6(¥lonce Sheel Consolidaled eash Fiow51olemenl Noles lo the consoda1ed C05h" Flow Slolement 13. N¢)t05 to thèCon501idated Finon¢iol Stotements 14 Tti 27
SCARBOItOLIGM THEATRE TRUST LIIAlfeD
TRADING AS STEPHEN JOSEPH TKEATRE
REPORT OF THE TRiISTEES
For the Yeoi Ended 31 Moieh 2024
7he livslees who ore d50 ¢irecl¢ys QI Ihechorijty for Ihe pvrpose5 ortFE Comoonie5 Act 2CK)6. k¥esent their rerjort
wilh tha fin0ncl slolements of Ihe chority fcr veor erKled 31 Mtych 2)24. Iruslees hove odopted Ihe
provisions ol Accounling ond R?portiry by ClIeS.. 5Toterient of Pec<nmende
SCARUOROUGH THEATRE TRUST LIMITED FRADING AS STEPHEN JOSEPH THEATRE REPORT OF YHE IRUSTEES For Ihe Year Er¢ded 31 Morch 2024 the Second holl ot the yeor. we were delighled to see out progi(Thme of wcmk recogni4ed in the UK Theolre Aworcjs lo notiond ncjustry (Jwcrcll prc(ILftwM of Comety ol Efftys lfft(xe ¢¥J25sI wa5 nominolèd lor Btrst Remvol. whilst one ol the cost member5 v Ihe Ayckboth) rmece Albln) WC¥I 8esl AcI(y CC. Overoll. tre Eyouromme on int05e of over Cl 31.COJ of box office incw from ow p0V$ tmghest Ye(¥120191201 tsnd on ircre05e of over f503.(KX) Ir(yn 2{Y221. OutSiLY the progiornme of on ovr sloges. wr txggest locus been on the reptocement ol-ovr a ndling unrts on(S roof. In5tdled neuty 30 yeors ogo 05 Port ol Ihe {gin01 relurbi5hment ol tr theotre. Ihese ve rK)w reocFd end-014te. A fundroi%ry comr)opJn securely tre mqority of the £l.IM reede¢ to clelver Ihe fyst. ond m05t crihcol. phose of Ihese wotks. wilh the finol gont5 FJ(Ke by the fitsl holl 012024125.. the woth5 will now be comDlele¢ before end o12024A25. However. wider proiecl. inclvoln9 0 refvrbishmenl of Ihe hAcCorthy au¢Ji1Urn ono S[0n1 ¥nprovemenls lo it5 occessibilty. remaw5 a plltsiity and 15 like lo rermin 50 in Ihe comirg yeors. 2023124 Saw vestment beiro made in sfov le(>m. n recognilion of the wrportonce these indivi¢Ywfs ploy in the defivery ofourwsion orQ busi55 model. in poltculor gweAthe strong positionlV theolre hos estobk"sfed. p05t-pon(jem A de101d poy on¢Y slof STfvciure rewew WQS c(Jrried oul whch enaued us to oddre55 0 number of hi%loiic or)omolies on¢Y to creofe o miye tiorw@nl pertomonce monogement oré Word sy51em. Al¢)r¥J5ide Ihi5. we invested in compory wde Irornng 5cheme5. Mlh o focus on 5UPPOrting a Strong tY9ontsolioriol culture. onc5 we hove contin lo consult ond devebp our wicler plon5 in coll0bali0n wilh ovr stofl. We fove cd50 creoted o rKmbei Oi. troiruro ol enlry level ond one for on emwging ortis1 director - ond we hope to be oble lo contirnje to proviLfe Ihe5e kirKts ol oppUnieS within otK commuTrlies in Ihe future. The c)r DI Ihe B{d of Tnolees. Hthlen Booden. ached e1 of Ir tewe cjurirg 223/24. G¢ven Ihe incieosing reqviremenis of the fo and Ihe profi or the theotre, the Boord ogreed to emDloy on industry corbullanl lo lèod recwilmènl process ond lo ensvre besl lil. 5eorch helped to cl(xify Ihol industry exoertise wos e[emelY importcnl. given the Crn9S beirg Foced by Iheohe5 ocross covntry. orKS we weie extremely fortun(Jke thol Sorah NOknn - ho<J previousty heid senior rde5 01 OrorYJtr Tree 7heolre. hMond. the Young Vic. 5heffie4d Theolre5 Ihe Dormor Worehovse omorost olhers- occepled Ihe s)tssition. She 055ume(J Ihe role of Chow in Wuch. ot the kjst Board meetry of 2023124. The new unilory aulhTty. NLYth Yorkslire Ccuncd. come into emect ot Ihe stixt o13)23124. folowiffj o peilod ol Locol Govemment ReorgopisotM)n Ihol scw 5cort)(KOLgh 8(ugh Covrril. olon9 With 9X Other covncls. bein9 mergecl into the larger orgorisolK)n. Ihis reoigorMsolx)n ineMtoW creoted a degiee of wcertointy. wilh epartmenlol restrvclutes Still not ccxrDleted by Ihe etKI of Ihe yeor.. concems dso remoin oknt the theolre's Ivlvre signiff¢cnce wlhin CJ much wdei geogrophcol tyeo'.hon f previous beeri Ihe cose. However. the org0Th50tion 0150 poved the way fcr o dev(Mulion deal beTween Nortt) Yolkslire ond York. opering up signiticons opporturriies for the region with the fi1 Moyor electe¢ in MUY 2024. The theotre hos dreo¢Yy buill str¢JThJ ielotion4N?s IIE Cour. supported by ils involvemenl in o nwnber of key ir)ithoiives 5UCh OS lh& r4oflh YOSre Cullvfol stro1Y. North Yothsfmre DeslimtKJn Momgemenl Plon cmd Ihe Lory Term Plon for lown5. ond 15 OptimlIC ijbovt u knruer-leim partnw5hp beirvJ lorg8d. Oui donors ona members continvee lo be fftcredw 9enerous to V5 ltsovghoul Ihe ye¢y orKJ witr their hewwe We Ob to exceed ovrurre5iDCied lunctrooirKJ lorgel. This Iery v5 to incre05e owinveslmenl our critic ccylol tundroi%irYJ compoon 05 well 0$ COI)n of on AssOCle Dwec1or posl. We femcin groteful lo ¢)ur two stOi¢Jlory funders - Arts CovrKil Erofond ond N¢)th Yck5hire Cowol . for their ongoing svDpcKt ot ltre eompony. Art5 C11 remoirs in plcre unlil ol leost 2025126. with on eXterlon into 2612? offe ot Iho very slortoi new finoncK31 ye¢J. North Yotksfyfe fvndng wil finish al thè end 012024125 bui we cye hopelvl Ihol Ihe vcaue ihe theotre lyirwjs lo Ihe region 0J its ecC41C impoct in the town wil ensure ongcNng support fr¢vn The e(MJncl. FINANCIAL REVJEW The Iru51 mode o SurU$ Ity veor ¢)n vNestKled t$ of tr98.264 IlJ23 deficil 52.4491. incluthg £5.944 of èxpendilure allocated ogixnst the voiycw5 designoled funds. Dvrirg yeor. a desigroted Copital Proiecl luné lolollirvJ £200.000 wos creote¢. Thè ckJs¥)g unreslricl&d reservès were £775.99612023 £677.7321 ond ttstol resetve5 £1.250.53712ff23 £1.126.5851.
SCARBOROUGH THEATRE TRUST LIMrrED
TRADING AS STEPHEN JOSEPH IHEATRE
REPORI OF VHE TRVSTEES
For Ihe Yeor Ended 31 ftknrch 21Y24
Prlncipcjl ILindng source$
The Trusl's tunrfir¥J for its cforilotrAe operotior6 conliwed lo b& kNwYorty through ACÉ ond North yOsh¥e
Council. kk)wever. lunding lo ern0 speeft orfistic 0jectS Tr$ btsen CeNed trom o number ot indiwduol
don0 ond locol buwe55es'. f. lagetherwth o ffltser of one-off legacies Il contirxjed supF¥J1 of our
regLdc¥ (Jonor5 011 conlnbuled to Ihe TnJ51's firwJrr.'cl v¢knlity.
Inveslment po4i¢y ond objective5
Undèr the M&m(xondvrn ond ArtS Oi Associolion. the charity hos the power lo invest in Wtsy the trusteès
wish.
The Tru51ees look lo mointon on upwoprfe Ve1 ol #i cosh barreS for the operoting reqLKrements
ol Ihe Chority. FfJids in excess ol Ihose reqLAred for Ihe Chcmity's sfK)rt-term operoling reoLriremenl ore invested,
on cr behali. by CCLA. The lunds monaged by CCLA ore held separate p(ytfds wilh cfilierenl
investment ciilerio. 8tsth podfol5 ote regorL4ecl 0$ coutiovs ond om ol pTovKJing growth for the Chority's
inveslmenl. Invè51menl occowt deCfjns wl mode by Ihe Brmyd tXJ5ed o cOMfDendQtI0rn from th8
Choir ond Ihe ChLY¢ ol the Finonce Tosk Group.
Reserves policy
The frrvstees exomined Ihe [eqLKets resee5 IvJhl Ot the m<yn risks lo the Clrity. Svffjcienl
Secured ndIng Is in p1oce to ensvre I1 IIE Iheotre 15 able to cOntir to operate (JThJ be eryoyed ¥y it5
510keho1. 11 Ire t)06cy ol Scorb(xotoh I0$[e Trvs'i lo hokl re52e5 eqtjbvalen? to 3-6 monlh5 opeioling
Costs. At 31 Morch 2024 free @serves weie P132.72312m ar 72.7111.
FUTURE PIANS
AS previovsty stalèd. the Iru51's portiCLkn locus over the comrg yeors ts ils CO1¢ proieci- Ihe rerjkjcement
of ils end-of-life cwr hon(JSng urN15 on(J flol roof. together with o ILII reflrftsshmenl of the Mccorthy ouditorium
whrh will sigrNlrortlly imorove ils cccessR)17tly. fvndng lor Ihe fff51 ph75e wos secLKed in 2024125 with worts 10
be corried ovt ot Ihe ene ol thol fimrLicI yety IkKJt wl secwe It operolion ofthe tIEotFe." however. sigriliconl
sums still remoin to be rased to coMpte the wcxks.ll s expected tl)ol Ihs project wfjl continue For the nexl 3-
S yeots.
More broodty. Ihe Twsl's pokcy conlinues lo be ¢yp of montonrYJ an¢)I Mobilify olorvJ5ide its 51r¢ng otlisli
Vision. Alongsioe these meosures. 0 9tudenl opprooch conliThJe lo be odopted lowords bvdgeliro oncj
sellry iK(yne large15 for the orr4Jcd pruMme or work. omhough Ihe Ttuslee5 howe been delighted to see
5trorE growth in oudiences in the earfy holf ot X)23124. It ts I)Ped t1 tris growth wl ccntinue. en5ur¥Y4 Ih)t
the Iheotre con conlnue lo creobe hign-ovdity woth witrmn ils fin0ncl pome1e.
STRUCIURE, GOVERNANCE AND MANAGEMENT
Governing docvmènl
Scorborough Tneatre Trust Luntled is o ctsnpony fmilecl by g¢Jorontee govemeo by its Memoronclum oncl
Arttles of A550ciolion daled I l Augu51 196a cnd omerKSed lo oHty¥ cwrenl gov8rnonce arr1xMenI5 on
29 August 2(M)7. M is regislerecj 0$ o chorily with Ihe Chorily CommNx)n.
Appointment of new Iruees
A5 set oul in Ihe Articles of Assocolon the of Injslees i% nK}led by the Boord. North York5hwe Covnty
Council norn1rleS one trustee. Al m¢mber5 ore cKcU1eW1I1WiVI1QtIonS lo rvninate trrustees priorto Ihe AGM
odvi5in9 them ol ihe reliriro tnJsiee5 ¢eoue51irg nomi110n5 for Ihe AGld. wfn considefing Irustees. Ihe
8oord h05 regord lo the ieoviremenl for orry specÈcl$l skflb needed.
Orgunlsation
The board of tiuslee5 0dm1rys1e the choitiy. The tx)c¥d meels ¢we ond there svb
'SCARBOROUGH 7HEATRE TRIJST LIMITED TRADING AS STEPHEN JOSEPK THEATRE REPORT OF THE TRUSTEES For the YerFW Ended 31 Mtsr¢h 2024 rwstee induction and training New Irustee5 Linclergo Irtyrig to brte'i Ihem on Ihew oblagI10nS under chty ond CPanY kn4. the content ol the MemryorKJum orKI Adcle5 of A550ciOli(. the c(Knmillee on¢ decisKJn mokiw processes. I buyness an and recerit finortiol pertomonce oi Ihe choity. Trv51ees ore aclwely eOLy09ed tg allerKI oppropriote &xtemol troiniro evenT5 whece IrÉ5e tocilitote the undgrtcking of ther01. In addititsn. specilic Ihealfe finorKe IrixrwrvJ 15 gven lo those joirung the Fiwre 5ul>ccYM)ittee. Key munogemenl iemunerotion Ihe trustees co1der t1 the boorfj with the setx¥ monogement Tecm Com5& key momgemenl ersonnei ol Ihe chorily ond rye In chu9e ol (breclw conlrcifvJ. nJMing ond opefolry the Trust on o dcry lo doy ba$. Al the tTuslees give Ihew l¥ne freetyond rone ore remuneroteu. DètoQs of expenses re¥nbutsed durirYJ yeor rye shownin the note5 lo Ihe occoun15. The poy ofsenicy staff s reTrAewed onnuomy orLI rK)rmol irreed in occordance wlh avero9e eoiryrKJs. In vew of 1he notLKe of the chority. Ihe tnthtee5 benchmork ogoin5t poy levels in other gmlor orgoni50ton5 in Ihe Ntsrth of ENJkyKI lo er6ure thoi the mUneration s loir ond not oul ol firÉ wth thol gènerally POKJ for s¥y)iknr rcles. Risk mpnogemenl Thettru5tees hove o risk monogenient 51rotegy whrh comtYse5: o quortety review of th8 ri5k5 the chority )Y foce. betier foctoled by o lonyliSed risk iegister whth i uposoled regulcxty.. the estobSshment of sy51em5 0r¥j pfoceOu¥es to nNtigote Ihose risks iclenlified in the register". the imyèrnenlclion of proeeduies designed to mNnise ony potentiol Knpoct on Ihe chority s)d th05¢ risks moteriolse. Hisloricolty. Portr01 otienlion h05 focu*d on norFknCl risks Iw<)m file. heullh sofelv ol arti515 on(S audience. monogement ol perfoimiro fighls tood h¥grE. A key ement in the mcnogement.of Inonciol risk is the eslobk5hment of reserve5 ond the ¥egulor vIeW of a restsrve5 ¢v.bY Irustees. PcyJe 4
SCARBOROUGH IHEATRE TRUST UMIIED TRADING AS STEPHEN JOSEPH THEATRE REPORT OF Trlt TRUSTEES Fow Ihe YeuE EndÈd 31 Morch 2ty24 REFERENCE ANO ADWNISTRATIVE OETAIL5 Regl$tÈrod Compony number C0815227 IErolond Wole51 RegOstere¢J Churity nvmbw 253606 Reglstered olnce stephen Joseoh Theotre Ihlestborovgh Scorborovgh North Yorkshire Yoii ijw Irustèes Ms H Boaden Iresi2ned 31.3.241 M5 K A Cotmichoel Iresiqned 31.3.241 Mr D A Chttnce Covncllty MS C. ¥it2POtrick Ire5igned 8.12.231 Mr A H Wilson Mr T s0er loppoinled 15.3.24} bAr J Lee Mr R S Lumby Ms S K S Wr(ght Mr O T Wornèr MBE M5 A Oonkor Mr J Wilkinson MS S L F Nicho150n {aphnld 8.12.231 Dr G Dowes lopoointed 8.12.231 rs T A ColcraH Icppointed 14.6241 Compony 5ecielory M5 C Roulh Avdilors Fortvs Auclt LLP Chortered Accovnlonls & STOlUtOry Aurt5 5&6 Manor Covrt Monor G(Jrth SCOOrOugh Norlh Yortshre YOI 13TU Poge S
SCARBOROUGH THEATRE TRUST UMITED IRADING AS STEPHEN JOSEPH THEATRE REPORT OF THE TRUSTEES Ihe Yeor Ended 31 Moich 2W24 Joinl Chlel Execulfves Ms C Rovlh Mr P Rc>tin50n Bank• 8orclays Bonk Ilc st. Nichobs Strèet Scurborough YOI 1 22L Inves1me Manager5 CCLA Invèstment M¢yKYJèmenl Ltd 85 Qveen v100 ste1 Loon EC4V 4Er STATEMENT OF TRIJSTEES. IIESPON51BILmES The trustee5 Iwho ore 0150 th8 (hreclory of 5cC¥bh Theol Trust L¥milecl purposes ol cornpony Icv•l orè responsti for weparwy th? Report ol Ihe Trustees QYJ Ihè finonciol stoternents in occordorKe Wth aptyrtY)le low ond United KirKJdcm Accwntin9 Stondards (Urited knrodom Generolly Acceptèd Accounthro Procltel. Comrony low requires Ihe trustee5 to prepore firr¢Il stolemen15 lor eoch firnrtiol yeoi wfich give o true ond fow TeW ol Ihtr sto8 of aNLYrs of Ihe ehcwitoblt compony oncl OF thè irKom¥YJ iesource5 opofItin ol rèsources. inciudiro Ihe Iorne ond expendlure. of chtaÈ ccrnpory for thol perKxJ. In preporir those fTh)rtiol 5totement5. Ihe tW5tees rewed to select suit0e occcLntiro poScies oThJ IfLen them con5iltenlty; ob5erye the rnelhod5 ond EwirciF4es in the Chjrity SORP: moke jLKl9ement5 orKI elMOe5 thot ore re05¢xe ond pnxlent.. preFore the financid stotement5 on the gcr¥J concem ba5 urlèss it 15 irxiprxor)riote to eSuMe thot the chc3ilob5e compory Conlin n bltsness. The trustees ore lespo1 e for keeptrig rKoper ocCClI rec(wds whch disc105e wilh re050noble occwocy ot any time the financ1 posdion of tP charilaiye CLYnFx)ry cyyj to ènobk them lo enswe Ihat the financiol 51atemenls compty with t} Comparie5 Act XKJ6_ They ore also re5porfjilYe for sofeguording the asset5 of the choiloble ccxnpany or%1 for folirwJ re050not4e steps tcK pventIOn ond detect# ol ond 01 IguI0[111eS. $0 laT 05 th& trv5tees ore oware.. there is no lev<t ¢Judil In11all)n ofwhth ch)Itobè cc¥mp(NVs ou(lots ore unwre.. onrl the tIU5tees hove t<en al step5 t ought lo taken lo moke Ihemsdves owore of ony relevont ou¢Jl informotn orKI to e$lobsh Ihot I outhors rye cThvc¥e ol Ih)t nIcmo110n. AUDITORS Ihe (Xh10. FctLO Audit LLP.wll be esed forre4Jpwnlmenl ollhè fott¢JThrvJ AnnwlGenerol Mtteti. Thls rewl 5 p(epad in ets¥donce thè exemptKJis alluded to smdl compons Approved by or<*r OF t boord of twslees ........ .. . . on it5 bÈhdl by: Ms C Rwth- Secrelary Poge 6
REPORT OF THE INOEPENDE NT AVDITORS TO THE MEMBERS OF SCARbOROUGN THEATRE TRUST LIMITED Oplnlon We hove oudited the lir1 stotemenis of scothroah Theotre Irvsf Lmiled Itts porenl cnIoble comDony'l ond it5 5ub5icrJry 'giovp'l for the veLY ere 31 Morch 3)24 wPith ccmgri5e tt)e consdidoted Slotement of F¥nCl Acliwlies. Ihe grwp ond porenl ccmpany Balorce sheets. Ihe conSoLIaled C05h Flow stolemenl ond note5 10 the finarriol 5tdemeni5. IrtIL1 o summory ol y9n1ant occounting ples. The f4ioncol rewrling Iromework ihGI hos betsn ooplcl n Ihew prewrolion is oppficoble low ond United Kingdcm A¢COLmlino Slondoid5 iurwled Kw£5(xn GeneJolf Accepled AccounlJrYJ Pioclrel. In our opruon the finoncKI stal?menl5= give o truè ond fow View ol the stole of Il group's (Jnd ol Ihe pcxenl cfK]ritoble ctsmpcnvs offoirs os ot 31 Mcxch 2)24 ofKI of the grotJP'5 re50LJrces oncs OpOIn of resources. includiro its income onrj e&oendilvre. foi the yeor Ihtn ered." hove been propety prepored In IKcordarte with Urmled KwvJLknI Gereroty Acceple¢Y A¢Coun1 Proclice". ond hove been prep(yed in occe¢jOe wilh qlrem$S of Ihe Comporie5 Act 2ti)6 Bosis opinion We conduclett ouroucfit in c(x(CWittt Intemaliowisiondud5 ¢)nAuditiro IUKI IL8A5 IUKII OrxjlcCje law. Our re5ponsbi It15 un¢er slondords ore htrther described in Aucfilors, responsibilYie5 lor the oorfit ol the grovp f5n01th 51alemenTS 5ectDn olourp(y1. We ore incJeperLfent ol Ihe groyp orKI oorent chorituble comwny in occordonce witrh the elhcol requrement5 thol ore relevtsnl lo our 0j11 of thè fi101 slatemen15 in Ihe UK. tsicI19 the FRC'S Elfmcd s10ndc. ond we ho I1(1 ow otYr ettmcol resp51411es in occordonce with th- -se requirernenis. we beSeve Ihof Ihe 011 evKlence we lyjve oblair suffictnl oncl oppropriate to provicje a bo5 for our 0K)n. Conclusion5 relolin9 10 goin9 concern In oudiling the tinancl 5toternen15. we hove eonclucle(J Ihol the IrLtslee5 use ol gokig concèm bosts ol accovnlvig in the preporolion of Ihe fu11¢ stotemenls is oppropiole. 8tsse¢J ori Ihe woth we hove performed. we hove not idenlifed ony Me[lO1 UertainlieS rekJtirE io event5 or condition5 Ihol. individUd or colective. cost ygniliconl dwbl 5ccxborcvgh Theolre Trusl Limifred's obility lo cOn1È os o gong conctsm TOr01xI ol 01 0$t twetve months from when the fiTh)rxKI 5totements ore outhori5ed for i55ue. responst)ililie5 gr(J resp15 of Ihe tru51ees wilh respeci to g<xro correffl ore described n th& relevont sectvJns of thts F)0¢1. other informollon The twstees orÈ re5p¢anse fw the other inFcMmciiCAI. The inloffnafKJn ccmrx15es Ihe inlomioiion itluded in the AnrnJol Re[. other'.fKJn Ihe fine1cl Sioiements our Ileport of the Intyependenl Aut5 thereon. (r otxrmon on Ihe gsoup fir0laj slolernen15 does nol cover Ihe other infomotion oncj. except lo lh8 exlent othefv4i5e eiJrilly stoted sn ovr report. we e¥press orry fom OT as5vroe conclu5K)n thereon. In connection wlh our ov¢S1 oi Ihe group tsnorcid slolemants. owresoMytYSty is lo reod the othei informolion ond. in doiThJ so. conwdei whether tl olher In1M0110n s mOteri(J ncon5i51enl wlh the group fin0101 slotements or ovr knedge obtaned in Iheovdil orolher¥vise wkw5toimolerith misslaled. Ifwe iolenlify such moleriol 0151eCle5 01 opp¢yenl moierid mis5foleme.Its. we ore reouwed lo deleimine wther Ihis gives llse to o molerid mi551Gtemeni in he group hroncl slolem•nts themselve5. If. txjsed on the work we have performecl. we Concl(e thol ihere is o molerid mis5totemen1 of th5 Otfer inlcmiotK)n. we ore reoured to ¢port Ihot facl. We hovL nolhiro to pOrt thts 9ts¢. Oplnlons on othw motleis we5cribed by the Componie5 Acl 2006 In our otxnion. i)u5ecl on Ihe wcrtk undertoken in the COLrse of the ov(St'. Ihe inlormolion given in Reporl ol'.he Truslees lor the finono<A Yerx lor whrh Ih8 fimnciol 5tolernents ore or-oored is consstent wilh the fiThJnciol slolnenls." c the Report ol the Tivslees been prepored n accordonce w¢lh r3pp1Ob1è legol requirements. Poge 7
REPORT OF THE INDEPENOE NT AUDITORS 10 THE MEMBERS OF SCAR8OROVGH THEAIRE TRUST IIMITED Matters which we ore required lo report by exception bi the lighl ol the knovAedge oncl underslon¢ro of Ihe group oThJ porenl th10b1 compony ond the environmenl oblttined n Ihe cow5e ol I avdt. Wè ve rL)t identified moteftol misslctemenls in Ihe Report ol the TnJstees. We hove nolhiro to report in respect Folbwro rnoiten thre the Compones ACI YX)6 requws v5 to report lo you if. in our optryon". odeqvote occounting records hove no¢ been kepl by fhe pent ch)rilobbe compory. ot reknns adequoiÈ for our audit hove rK)t been receNed Irom txanc15 1 votted by vs.. the porenl chorilot4e ccxmpony fnoncd slolements ¢ye noi in ogoement wth the ¢¢cotmling fecorcls ond @tuS.. ( certoin disclosu$ of tru$1ees' ryJerotw specifed by )w (ye made.. or we have rot received ol the informolKJn ond ew0n0in$ we reqvffe lor w oucfit: or the tDJslee5 were r+ot enlilled lo toke odvontoge of IIE Smal compoThes' exemplion from requremenl to prepore o Strolegc Rrport u in prepoirg tts Reptyt OF If Tw51ees Responslbllilie$ 01 tru¥tee5 AS exPirEd m(Ke in the Stolemenf of Tru51ees' Re5EK)n5TbWies. the Iruslees Iwlw) ole ¢Jso the d1clor5 ol the porent chori10b compon¥ lot the pww5e5 of ccmpony l¢)wl ore responble for the preporolion ot Ihe finorciol 5tolgmenls ond for oe+rg solrIe¢ '111 they gwe o twe oThY loir view. cffjd lor such inlemol conlrd 0$ Ihe tfU5tees deleimine is necessorv lo en¢t) the preporotb)n of fin0ncl 51alernents that ore free fr(xn moteri ms1Oernent. wtslher dve TO IrTrJd effcw. In preDariro the fin0ncl slolements. tnJslee5 ore re5ponst1 for 0$5etsi the group'5 Ond ttre porent choriloble comwry's OllY lo ctinUe 0$ o gouig coeM. dsckJgn9. 09 Oppcotle. Motte ieloled lo gino COern ond using gg concerrst)OSi5 oloccountiro urle55 the trv5tees eilhef ternd lo Iuld01e the group or Ihe poren chcritoble com$n¥ or to ceose operotions. or hove no rea511C allèrnative but to do so. Our responslbilitie5 t Yhe oudit gl Ihe finunciol stgtements Our otyeetiv2s are lo obloin reosonob ossurcrnce otx5 whether7he linonci¢J stolernent$ 05 0 wh¢Je ore tr&e from moteiiol misstoiemenl. wheiher due lo froud or errry. oncl Io ISSLE a Per1 of thp Independent Audito that incKJde5 (Kjr opinion. Reosorbobk Ossvrorce 15 0 level of ossurorce. but 15 nol o gvorantee Ihol on ovdit condvcted in occoiclonce with LSAS IUKI wal oKYoys delect a motengl mi551otemenl when it e515. sstoiÈmÈnls con are trom froud or eKr¢yond orÈ considered moterid it. indivKJud or in the oggregote. they ov1dieason0b be expecled toinflLErtè the eCorK)M IYÈei5KxEofv5W5 takenon Ihe tosisof these firn¢la1 stolemenls. ltt&gvlorilies. i}Uding frtsjd. ore $&or(e5 of rKpcwipliorcewithkNs 0stiOnS. Wè design procedwes in line wilh our responsityh"1È5. tsJlb"rEd obove. to delect molerid mi55iolemenls in speCt of irreguk3rities. Ivdin9 fvwt. The exlent io whch ovr prwedure5 ole c¢)poUe ol delecliw ¥reoJloritEs. includiffj frovd eloiled below.. We obtoined on undeI0¢s1 of Ihe iegG4 ond fromewiths th¢Jt are (pFc()le lo Ihe group orKI eteimined thot the m051 sgThlront Iromewoths whh e direclty Jelevcnt to specific assertion5 in the fironciol stolements ore Ihosè lha relote Io The rep(ylirYJ frtynewc¥t (UK GAAP and the Componies Act 20061 one thè relevonl tox ctrnple re90•k)n$ in the UK. We LrKerslood how the grovp s comptyuig 1h itYJse fvomeworks by mokng enqvirie5 of monogefftenl oncj those respons1e torlegd ondc(ynpfiorce rKocedure5. we coffo>oroled ourerK4uuies through revEw of board rninvles ond chscussiorn with Ifo5e c19ed th goverr0e. We 05sessed Ihe 5usceptitxkty of the group oncl ptyenl ctsnpory's fii(5neial 5tolements lo moleriol mi55tolernent. includini how fvoud mi¥il occw. by dtscltsON mtsnogement from vorious port5 of the busines5 lo understoncl wnere Ihey conydered ihere wos a suscepliblfy to fvoud. We .considered Ihe procedure5 ofKScontrols thol ihegroup oThJ porenl chori10b carOnY h05 e51oblshed to pievenl and delecl froud. how ihese ore moritoredby monogemenl. on(S also anyenhonced risk loclots Such 0$ pertomance lorgèis. We also pertoimed oudrf woth over the risk of morK)gemenl overtide of c¢)nlrd5. including testing ol journol erslries ond other o¢jv5tmen15 tor Op0llene$S. eV(oIg the IMJsifEs5 rolioncde of sigrihcont trLinsoc1ions outside the noimol coutse of bU51rsS ond rÈviewirYJ OCCOLntlr lIoIeS for tia5. PcwJe 8
EPOR T OF THE INDEPENDf Nf AtfOITORS TO fHE MEM8ÈRS OF SCARBOROUGH THEATRE TRUST LIMITED A further descriplK)n of ovr iespcnsbflites lor'.he ouc51 of ftrTh)nciol stotements is k)coteO on Ihe finorriol Repo¢1 Cou11.5 wet>51te ol wWW.fr¢.org.uklovOtO responsibdifres. Trys de5¢riPtion forms port of our Report ol the Independenl Avdito(5. Use ol oyr report This report 15 rnodg lo the cFvJiloYe c¢wony'5 rnembe. 05 0 t. in occordorre with Cfrnptef 3 of Port 16 01 Ihe CompoThes Act %X)6. Ouroudil hos beendertoken$O Ih¢Y we rnh1 stote to th? chafiloble compony's memtsers those motkers we ore ieqLrired to sl¢Ye lo I in on Qudito. report oncl For no other o.urp05e. To the fullest exlent permitted by Icw. we do rol occepl or Osswne reswnyl>fity lo onyone otherthorj Ihe chotiloble c(xnpcny onL1 lh= ctOb ccmpony's members os o body. for our ou¢St loi I repoti. or for the opuiK)ns we hove T(ymed. Fronces Howord FCA ISenKJr SlolvS0ry ALKfitoil lor on befKJIfr of Fortu5 Auctr LLP Chartered Accounlonls & SlolLrtW Aucfito 5&6 Monor Court hAoroi Gorth Scothrough Ncmlh Yorkslire YOI 13TU Dole.. Pege 9
SCARBOROUGH THEATRE TRUSI IIMrrED TRADING AS STÈPHEN JOSEPH THEATRE CONSOIIDATED SVATEMENT OF FINANCIAL ACIIVlllE5 IINCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI For Ihe Yeoi Ended 31 Morch 2024 2024 Totol lund5 2023 Totol funds Unre5tttled lunds Restrtted nds Noles NCOME AND ENDOWMENTS FROIA Donoliorn and legac5 162.719 3SA84 198.103 128.025 Charilatyle actlvlties Operolion ol IhEOtr8 other trodiro oclwilies Iriveslmenf itome Thpofre lox credit 2.107.162 214.127 9.687 165.774 131.466 2.238.628 214.127 9.687 165.774 .73.1,210 123.728 729 346.163 Tolul 2.059.469 166.89) 2.826219 2.329.855 EXPENDITURE ON Rasiro hJncts 109. 109.5X) 78.840 Chtsrltob gctlvJNts Operation ol IOIre .2.464.520 141.16? 2.605.082 2.351.469 2.574.OY) 141.162 2.715.212 2.430.309 NEI INCOMEI(EXPENOITUREI 8S.419 25.688 1100,4541 Net golns ¢n inveslments 12,845 12.84i 433 Tfonsltis b¢lw•en lunds 21 Nel movement in funds 98.264 25.68B 123.952 1100.0211 RECONCItIATION OF FUNDS Total funds brought forward 77.732 448.8&3 1.126.585 1.226.&A)6 TOTAL FUNDS CARklED FORWARD 775.996 474.541 1.2S).537 1.126.585 The rleS fryrn port OfISe 51otements PoJe 10
5CAIIBOROVGH INEATRE IRVST IIIAITEO IIIAOING AS STEPHEN JOSEPH IHEAlliE CONSOIIDATEO AND CHAMTY BAiANCE SHE$ 31 MARCH 2024 Grovp Conwony 2024 24 )23 2023 Notss FIXED ASSEIS TOng1e ossels e51ment5 3)4.232 112.278 185.468 I.433
)4.232 113.278 185.468 100,433 15 417.510 285,901 417,510 285,901 CIIIgENT ASSETS si¢cks Debtors C05h ol bar in hond 16 17 5523 1491Jl4 923,423 2416 749225 619L65 .5.523 639,048 576.240 2.416 568.162 617,908 1,.43)21 1,370,826 ),220AI I 1,188.546 CREDITORS Amounts fo11r ttjeknilhinore ye 18 1587.2331 1530.1421 1453.7261 1423.1271 NET CURRENT ASSETS 707.C5 705,419 IOTAI ASSET5 LESS CURRENT UASILTTI 1.2X)537 1.120.S85 1.184.595 F.051J20 TOTAI FUhlDS ].237 1.126. 1.184.S95 1,051,3)) FuI4DS UnreslKleLI Ivnd5 R85tric18d IvrtrY5 21 775.996 474.541 677,732 448.853 710.054 474.541 602,467 448A53 TOTAI FUND5 I.).$37 i.120.5 1.184.595 1.051220 The fThinciol slotement5 wefe opprove(Iby Ihe Bowj olTwsle¢5 OtKloutWserJ frwtssue on 6 December 2024 and signed on 115 bekdf by:. M5 S Nick450n-Trustee ?he note3 l¢wn of these fiClIt01ernents Poge 11
5CARBOROUGN TrfEATRE TRUST UMITED TRADING AS STEPHEN JOSEPH THEATRE. CONSOLIDATED CASH FLOW STATEMENT Fow the Yegi En<fed 3) March 2024 2024 Nole5 Cash Ilows from operoting aclfvthes Cosh geneioled fiom opèral¢on5 455WJ 86.287 Nel cash lused in11prove by opwoling Octiwties 455.8(K) 86.287 Cosh flows from Investing oclfvilies Purchose ol torot)le fvKec5 ossets Purchase ot fi¥ed o55et investments Interest ceiVed 132.0751 .9.687 729 Nel c.o"sh used in veIlr octivrtP5 151.4621 31.3461 Chon9e in cash ond cash equ¥v¢Jlents in th? reportyng period 4.338 1117.6331 Cash ond c05h equlvalents al Ihe bt9inning of the Tepryling pwiod 619.085 736.718 Cosh etish eouivolents ulthe end of the reporttng perlod 923.423 619.085 Ihe nofes lonTS pod of these ffnoncwj stclements Poge 12
SCARBOROUGH THEA71tE TRUST LllhlTED TRADING AS SIEPHEN JOSEPH IHEATRE NOTES 70 THE CONSOLIDATED CASH FLOW STATEMÉNT. For the Yeoi Ended 31 Morch 2024 RECONCIUAnON OF NET IEXPENDITVREIIINCOME TO NET CASH FIOW FROM OPERAIING ACTIVITIE5 2024 X123 Net lxpendltur¢ll¥icome for the reporting wio(I Itss per Ihe Sl¢)lement of Finoncial Acllvitie51 1100.4541 .Adjustrneiits for. Depreciation chorse& Interest received I1re0$e1 in stock5 Decreoselllncreosei in debto Incr8a5e in cieditor5 42.385 19.6871 13.1071 258.011 s7.1 73.288 17291 130S.1201 246.315 Nel cgsh Ivsed in)Iprovided by operglion5 455.8(M) 86.2871 ANALYSIS OF CHANGES IN NET FUNOS At 1.4.23 Cosh fiow Al 31.3.24 Net c<ish Cosh ol bonk ond in hono The noles"1(ym pert cl Ilese ne1cl Sioemen15 Po9e 13
SCARBOROUGH INEATRt TRUST LIMITEL)
TRADING AS STÉPHEN JOSEPH IHÉATRÉ
NOTES TO THE CONSOLIDATEO FINANCIAL 5TATEMENT5
For the Yeai Ende¢J 31 Morch 2024
ACCOUNIING POLICIES
Bos15 01 preporlng the Ilnan¢ial statèments
The finoncial 51olemeri15 O'i Ihe choiitoble ccvnpony. whch 15 a berEft entity undei FRS 102. hove
t>een p¢eoored in occordorce wilh Ihe Ch¢y51ies SORP IFRS I021'AccnIlnQ ond Reporttng by Chorities..
51oiemenl of Reconmencied Proclte app5c0e 10 ClnIES preparpng their occount5 in occordance
wilh Ihe Finonciol ReK>oriry Ston¢crd 102 'fv1 rin01 Reportino Slondoffl OpiC0e in th& UK oncl
Reuublr of Iren and lh2 Componitrs ACT 2006. Tr fin0ncl 5tctemenls hove been pitrpored vnder
the thsloiTrcol cos1 conventionwilh Ih? eXceptn ol investments whch ore includecl ot morket VOILE.
Scorborough Theotre Trus1 limiled is o CniOle private c¢yY¥pony linited by guoiantee in Englond. The
oddrtr55 ploctr of buse$S is gven the cFw)rily ¥ilorrnalion wilhfft thè tru5tee5' itporf ol these
linonci& slotemenls. The nohjre of chcmrfy's operotions princiDol oclivities ore lo odvonce Ihe
art5. cvllure orQ YEritage ol the bLY¢JJgh oi ScotXKWgh by prolqdng on Internolionoly recognise
theatrè.
The accoun15 cre pre5enl8d in £ Stèthrva wh.eh 15 furtticwl CthTeKy of the chofitv.
Bcsi5 01 con5didgtion
Tha consoldotecj fin¢1 statemenls trtcorwoie Ih05e or korborough fvotre Twsl limited ond ils
5ubsidtory li.e_ the enirfy Ihot Ihe grovp contro15 IOugh ils rthyei to govem Ihe fin0101 oncl operotiro
pleS $0 QS to obtoin et(Kxn berfi151.
All fifjanciol stolemenls ofE mode up lo 31 Movch X)24_ Whe necessory. odju51rnents ore mode lo thè
fin0101 stotements ol the $SlOory lo brirg Ihe occounlirg polces thed in Inè wlh those used by the
gioup.
All ¥itrtrgroup tronsoclions. bcAorces 01 urKeo15ed g01r ¢m tror6ct1l between group cornponies
ofe ewminoled on c0n5c4idotl.
Income
All income is recoGfxsed in Stotamenl of fimncid Ac11Tr$ orte Ihe chority hos entitlement to the
fvn(Is. it i5 probtse Ihot the irte i)e receNed <¥¥J tre can bé meosvied relv.
F(y donotions ond gTontS io be recogrwsecl the chcthly WPJ hove been Th)tifa of th2 omovnts ond th
seltlemeni dole in wriling. If there ore con¢iIior ollocmed lo the dorolh?n or gronl oTha requires o
l•vel of perlomore before enlillem&nl con be oblord then Kome is def&e unll trhose concfilion5
ore mel or lulfilmenl of trSe concfitions & wilt¥n thè cortrol of the cl)arsty il is probtsble that
Ihey wll be lfilled.
Income frwi tro¢W 4xINilie5 rKhJdes Orne eijmed Irom lun(Sraisiro evenl5 ond Irodiro octilIeS lo
roi5e Ivnes lor chority. Income is received in exchorge for 5vpptyir¥ gooa5 and 5erv¢e5 order to
roise fund5 and T&cogn¢sed entilement trw)S OCCUEre
SCARBOROUGH IHEATIIE TRUST UMITED IRADING A5 STEPHEN JOSEPH THEATRE NOTES TO THE CONSOIIDATED FINANCIAI STATEMENTS - conthnued For the Yeor Ended 31 Moich 2Q24 ACCOUNTING POIICIES - ¢onllnued Expendilui• LiabilIeS ore recognfjecj 05 expendilwe 05 500n os Ihere o legol or con5truclive obligotM)n cunmitling the chofjty to bhoi expendrfwe. il s proboble Ihol o tr(Jnsler af econom benefi15 wll t)e ie(wired in settlemenl ond Ihe om0$ of otrAvJolK)n con be meosvred ref#Jbl5,. Expendituie is accounlecl lor on on occruois b0515 h05 t)een cla55ified Vle[ heoding5 thol Qggregole au c05t Feloled lo the caTegory. cosis ccnrol be drec1 Gllribuled lo pcNlicvlar heodings tty )ve r)een allocoled to octiviles on o btssi5 con5tstent 1 the use ol reswces. Irfecoverode VAT is chge 0$ on expense ago1 the oc11ty for wfych eyn(h"turÈ orose. Roisln9 fund5 C05ts of generatiThJ IL5 ore Tt¥)5e cost5 wicurr8d oltfoch.rg vothlory Ome crld gronts. and those Incued n tr<XJI octivtlEs tIKJ'. roise fur¥Js. Choiituble uclhfities Choritoble oclivilies irclude expenditlwe ossoclofed 1h Ihe 51ogin9 of stoge yoduction5. lours. exhibitions oncj educohowl progrommes oncl irclude l)oth the cSrecl cosls cmd suppfyl c051s reb1tt lo these octivitEs. Support Cosls Support CQs15 incde ISe ncwred in the gove& of Ihe chcyity its as5e15 ofKJ ore yinori 055OClOte¢ with constitvlKJrkil ond stoiulory wirements. Tangible fixed ossets De0ClO110n 15 provtded o., the f¢kniro roles (n cKd&.f io wrile off eoch ossel over 115 eslimoled us8fLA rite. Improvemenis Io k¥operty Furnilure. fixtLYes. fillng5 ond equi5)ment Motor velicle5 Cfver remcinro wiod of the (35t stioighl over 6 yeors ¢JI C051 Tongible nxed osset5 Ote sloted ot C051 or volu0tn less occvrrMJloled dep[eentn ond tXCLmvloled irnpoirmenl10sse5. C05t inck•ts5 Costs rfirectNr Ottribuioble to mokirYJ the 0s5et copcble of operating 05 intended. Stocks Stock5 ¢ye vdued ol the towerot cost ond ret sCore v¢R. oflefmok¥g dve oNowonce fof 0tr5dele tsnd sknw morrir#J itèms. Cost irtluée5 dl cosls ol pwch05e ond is cctvbted ustrya thè fwsl4n. fr51out tXJ5i5. Prowon is mode lor dom09. obsokle ond slcKk Whe OpOrjriote. Taxolion The chority is trxernpl trom corr)oroton lox its ch7ilob octie5. The ClonY 15 iegi%terecJ for VAT on o portiol exernDIK)n basts. Fund occoyntln9 Unrestricted hJn¢Y5 ovoHobk to soertj on octMtie5 IJ1 lurIr ony ot the purposes of Ihe chorily. Designoleé lur(ts ore unre5iricled ivndsol Ihe chcKily whch tr* Iru5tee5 hove decided ot they discretion lo sel oside lo vse for o speciFC purpose. Reslrcled Functs a gront5 oThY ¢Yonolior6 which Ihe frjs specilied lye to be s¢Sety u5e¢ ior otsliculor oreos of Ihe Trvsl's wth lor specific projects ty?ng undertoken by the Tw51. Page 15 contirvJed...
5CARBOROIJGH THEATRE IieusT UMITED TRADING AS STEPHEN JOSEPH THEATRE NOTES TO THE CONSOLIDA TED FINANCIAI SIATEMÈNT5 - contlnued For Ihe Yeor Endpd 31 Maieh 2024 ACCOUNTING Pol1E5 - continued F4yei9n curyen¢i¢5 Assels oncl liotslties in foreign currencies are l¥onsbled uilo slet1ing ot Ihe rote5 of exchor¥Je njliro ol I tsare Sheet dtsiE. Trs0th0n5 in fgnCLtÉl4 cies ore lionsbted into slefing ot The rute ol exchonge ftjiro ot Ihe dole of lior60Ction. Exchonge divierertes ore tokeninto occovnlin arrivir¥J at operating re5uIt. Pension ¢osts ond other p051-retiremenl benelits Thè chorilile compen¥ operctes o tssfineé conlThbvlK)n pensK)n scheme. Conlribvtw)ns poyabb to the -horiloble compcny's perswtr scheme orr cwd to the 51ulement of nClJI Activi15 irs th8 period to wkuch they rdole. 'Golng concem 8ecov5e of tne noture of ils oc1wit5 TS1. in common with sinilor orgoni5alion5. dependent on grant5 tor its contirrtNvJ erJlen¢e an<J there no guafontee I1 such a. wrfl contirL¢ indefinitely. Th compony is olso deperKlenl on ils bonkers fot Wotknro cak¥td at certan times. These account5 hOY8 been drown up on o Covrwn bosi5 on Ihe ossuxptw thol gront fun(Sng and sUPPOrt from Ihè Trust's banke will conl¥xe. loon5 and b0QWingS Loons cxxj botrowtry ore ITh1? recagr45ed ot ihe tronsoct)n lce sncknyry l¥orGuclK)n cost5. Oeblots cieditors receivoble / payable withln ohe yeoi Deblors and cieditor5 wilh no slcled leeSt role oThY reCetIe or kWOtJle one year ore recorded ot tron50clion price. Any tjsses cJisiro lye Ce9rs& in the profit ond loss account. OONATIONS AND LEGACIE5 2024 2023 Donutior 198.103 128.025 198.103 128.025 01 the eonolions e•Ve¥ yeor a5.384 rebte5 I0$1le fu5())23- £8.0871. OIHER TRADING AcnvinES 2024 2023 PiogicrThne soles Swee15 and ice cream5 6or soles 14.993 61.584 137.SXJ 13.996 32.885 76.847 2)4.127 123.728 Poge 16 conh"nL*d...
SCARBOROUGH THEATRE TRUST LIMITED TRADING AS STEPIIEN JOSEPH TTrIEAfRE NOTES TO IHE CONSOLIDATED FINANCIAL 5TAIEMENTS . eontinued Foi Ihe Year Ended 31 Morch 2024 INVESTMENT INCOME 2024 2023 Dep05il occount inleresl 9.697 729 INCOME FROM CHARITA&IE ACTIVITIES 2023 Aclimty Oyerotic)n ol IOI1e Operoiion of Ifeotie Operotion of Iheotre Operolion of IoI1e l)peration of Iheaire Operctw ol Iatre 8ox olfce tncome loulln9 Iorne University inccne Cion15 Theolie 1115 Miscelbreovs ircorr Oulreach deportment income 1.019.439 $17.590 75.0)) 18.(KK> &39.467 17.(M)O 897.519 5.884 210.305 242.111 OperoiKin ol Iheotre 28.481 25.392 2.238.628 1.731.210 Grants received. Iljded in aboe. ole 05 io1ows- 2024 2023 Arls Courncil ScorDorough 8orough Council North Yotssriie C¢xmty C¢JJrtl Other gronls Phillip Corne Tnjst Mccoin. Mein Trust 049.449 649.449 116.604 43.114 )D 214.287 3.783 Is.(xrf) 897.519 839.467 ot fhe gronl reeeived 3)24. £131.466 ¥eloled lo resfttle¢J furSs IX123- £73.114I. PrJJe 17 conlinved...
SCARBOROUGN THEATRE TRUST UMTrED TRADING AS STEPHEN J05EPN THEATRE NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - contlnued for the Year Ended 31 Morch 2024 RAISING FUNDS othw tsadlng ocll¥llies 2024 2023 Btii. shop. Sweets and crecxn pur¢hoses Progrommes Devebpmeni cos15 85.787 8.395 15.348 46.760 6.880 25.200 109.530 78.840 CHARITABLE ACTIVITIE 5 COSTS (Arecl C05t5 Isep r19 81 Svpport Costs 15èe note 91 Tol(45 2024 Operatn ol Iheotrè. 2.590.732 14.9 2.605.682 2023 OpeialDn of thelFlre 2.342.374 9.095 .2.351.469 DIRECT COSTS OF CMARITABLE ACMVITIES 2024 2023 stoff costs Rent Woter rote5 Insvronce L5ghl and héol Teèphone Posioge ond 5tolioFty Pvblicify ond mortetro Guésl (fJreclor5. desgrts orKI viytiffj comDor¥es' iees Comrnsssions one roydfies Production expenses Outreoch depcthenl eJpen5e5 TourirwJ expen5e5 Molor expenses rickel prinling Theotre Icences ond subsciiolions Repon arvj r8newo$5 Cleoning 5celloneovs odm¥Klrolion Legd on¢J profesyonol fees Bonk charges ond inlere51 Merchonl ond speklrix C(ge5 IC9vr0e VA T Boo aebls Fundioisng costs Gront expenditure ano tron51tK)n colts Oesignoleé fund exoencfilLKe DepClI4 973.02i 2?.51X). 11.052 35.717 88.245 7.020 7.252 106.472 231.159 68.098 489.789 20.687 28.725 4.657 3.174 15.229 82.578 11.539 31.307 4.271 1.712 40.092 109.279 888.622 27.500 10.467 31.644 82.990 6.589 6.412 80.957 202.733 41.963 465.7( 14.852 27.741 .3.504 3.263 11.629 61.484 10.647 23.703 4.049 75.152 419 6.148 9P.441 53.484 73.288 6.516 137.207 5.944 42.385 2.590.635 2.342.374 PryJe 18 Contird...
SCARBOROUGH IHEATRE TRVST LIMITED IRADING AS STEPKEN JOSEPH THEATRE NOTE5 70 TNE CONSOLIDATED FINANCIAL STATEMENIS - conltnued For Ihe Year Ended 31 March 2024 SiIPPORT COST5 G0vem0e Costs Operolion of theotre 14.950 Gov•mcrc8 cosls. Ihed in obove. ore 05 fokthf5'. 2024 2023 Aurlilois. remvnerclon Avdilon. femunerolion tor noTrgJch"t wo T2.P50 7.095 14.950 9.095 io. NET INCOMEIIEXPENDi7uf¢E} Net ircomellexpen¢StLvel is slcied Oiter crgIr11creChIIjl= 2024 023 Aud¢lor5' rernvwotH Audilors. reMUrlo110n fornon-outh v4(¥k OeDreciolion- owned ossets 12.950 2.000 42.385 7.095 73,288 TRUSTEES. REMUNERATION ANO OENEFrts There We no trustees. renKJr*rolion crf other benehts thè Very er(lecl.31 3)24 fKY fly Ihe yeor endeu al Morch 2023. Trvstee5' e¥penses There were w trustees. exr)en5e5 PLid the ye(y enaed 31 M(rh 2024 mr l(x the veor Enoled 31 Morch X>23. 12. STAFF COSTS 2024 23 Wage5 antl 5¢Joiies Sociol sectjrily c05t5 Olher penlon costs 8gQ.811 74.627 17.585 a02.302 71.385 14.875 973.023 888.622 Po9e 19 cOntind...
SCARBOROUGH THEAIRE TRUST UMIIEO YRADING AS STEPHEN JOSEPH 7HEAIRE NOTES TO THE CONSOLIDATED FINANCIAI SIATEMENTS - conlinued For Ihe Yeor Ended 31 Morch 202d 12. STAFF C05rs cont¢nued The overoge montw nLrn¥ei of emitres drj the ye¢ywc6 os Idkm.. 2024 2023 FundroNng of vokjntory income Operotion of.theolie 73 71 74 72 No emF0Vees reteivecl emcknienls exce55 Ob £I.C(0 in erfher the cwersl or yior yèor.. cosl ot key monogeriienl peonr*I fu tlp yeorwos £329.601 12U23: £294.8431. OMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrriES 2023 lotcd funds Uryeslricled rvncls. Restrcted fund5 INCOME AND ENDOWMENTS FROM Oonotion5 on¢ legocie5 119.938 8.(kY7 128.025 Choritoble octNilles Operolk)n of theot Olher Ir<xJiro oclmlies lriveslmenl income Theolre lax cr&dt 1.658.OP6 123.728 729 346.163 73.114 1.731.210 123.728 729 346.163 Tolal 2.248.654 81.201 2.3?9.855 EXPENDITURE ON Roi5iw lund5 78.840 78B40 Charllable ocllvthes oper01 ot Iheotre 2.221696 128.773 2J5).469 lotol 2.Xll.536 128.773 2.430.309 NEI INCOMEIIEXPENDITUREI Tr?nsffer5 behveen funds Net gokns on Investmenls 152.e821 147.5721 I IW.4541 433 .433 Net movement tn funds 152.4491 147.5721 I IfX).0211 RECONCIiIATIQN OF FUNDS Total funds t¥ovghl foTword 730.181 496.42i 1.226.606 TOTAL FUNDS CARRIED FORWARD 677.732 448.853 1.126.585 Poge continued...
5CARBOROUGII THEATRE TRUST IIIAITED TRADING AS STEPHEN JOSEPH THEATRE NOTES TO THE CON50LIDATED FINANCIAL STATEMENTS . ¢ont6nued For Ihe Year Ended 31 Alarch 2024 14. GROUP AND CHARITY TANGIBLE FIXEO ASSETS F711re, fwlLffe5. Im0VeMen15 httir@s to ond pro4)th eoxrxnant MOtOf vehrle5 Totds cosi At l Apil 2ff23 Addilon5 155.167 142A24 613.276 18.325 13.5th) 781.943 161,149 Al 31 Morch 2024 297.991 631.601 13.500 943.092 DEPRECIATION AI I April 2023 Cboige foryeor 18.622 5.549 564.353 36.836 13.X)O S96.475 42.385 Al 3) Morch 2024 24.171 001.189 13.500 638.860 NET BOOK VALUE Al 31 Morch 2024 273.820 ).412 304.232 At 31 Morch 2023 136.545 46.923 185.468 Is. GROUP AND CHARIIY FIXED ASSEI INV£5TMENIS Unlisted investmenls MARKET VAIUE Al l April 2023 RevduolKJns ICQ.433 12.845 Al 31 Morch 2024 113.278 NET BOOK VALUE At 31 Morch 2024 113.278 At31 mOh 2023 IOQ.433 TTh& were no w)vèslrnent 05set5 outsiye UK. The htstoicol c051 of inveslments omrxtnled lo £l(KJ_(KQ12023 £1(Q.coII. Th porent coms)orv's jilvestmenls ol bLlor£e theet dole in the COt of compani&s Iade the iolkwry. investmenl 15 ILthy stepher Joseph Theotre EnterPSe5 Limited Registered oltice." Sierthen Joseph Theolre. We5it)¢yough. Sc¢yborough. YOI I IJW Noluie of bvsine5s". Trotre ProthJciK)ng Closs o15hore." (Jthnory HoldirKJs- lOO% lurnover.. 95.3) Expenditure £770.4127 Loss lor the Year.. ¢9.323 Nel 0s5els .' £65.942 21 Contwd...
SCARBORQVGH IXEATRE TRUSY LIMITED TRADING AS STEPHEN JOSEPH THEATRE NOTES 10 TFIE CONSOLIDATEO FINANCIAL STATÉMENTS - ¢ontinued For the Year Ended 31 Muieh 2024 14. STOCK5 2024 2023 stocks 5.523 2.416 DEBfoRS Group Compony 2024 2024 X>23 23 Amounts loNirg dve e yex. Trade debtors Other deblcrfs Prepoymenls accr1 inrome 15.795 20.487 13.772 47.546 10.000 530.519 15.795 20.487 451.506 47.546 10.ODO 349.350 340.054 288.065 487.788 406.902 Amounts foifiro duo ohei more Irn yeor. Other debt5 151.21 161.260 151.260 161.260 Aggregole gmounts 491.314 749.325 639.048 .568.162 Olher debt5 rolling dje Oi'lef more Ihon orE yeor reloles to a mode to karborovgh Theotre Oevelopmenl Twsl er c kjon ooieemenT Iyoleo 9 Jonuory %Jis. Under the Ogreement. the loan was repoYote in ItAI by 31 Jonuory 20 and m inleresl is due if repoid in fum by Ihct eate. The Iwn was ienegotioled in JLtne 17 jo be rerxxl otier 25 yeor5 WiTrh inleresl role otO.25%. 18. CREDITORS.- AMOUNTS FAILING DUE WThHIN ONE YEAR GfOUP Company 2C124 2024 2)23 2023 Receipt5 in adV0e Trode creditor5 Social 58curity arKJ o'ihw ioxes Amounts owed lo grwp vndertok AecpJecJ experbes 170.164 33.148 .365 170.164 33.148 .20.365 12.040 187.410 57.917 16.743 57.917 16.743 12.040 175.914 321.461 6.465 587.233 530.142 453.726 423.127 IEASING AGRtEMENTS MirimLxn le05e pcJymèn15 uiJernQn<oÈlOfe operotry leoses fol dve 05'idlows: 2024 WillNn or4e year Befvleen one und live ye¢y5 In more thon five yeoF5 27.5CKI I10.) 1.031.250 27.5Crf) I i o.o(M) 1.058.750 1.168.750 1.196.250 The obove iell lolol cxntsJnts poyotAe ovw the lemi of Ihe kose theolie prem¢s•s. P¢y 22 conlnJed...
SCAR8OROUGH THEATRE TRUSTUMITED TIIADING AS STEPHEN JOSEPH TNEATAE NOIES TO THE CONSOLIOATED FINANCIAI STATEMENTS- COAlinved For the Year Ended 31 Moich 2024 ANAIY515 OF NET ASSET5 BE7WEEN FUNDS {GRQUP) Unresiricted Re$ltea fund5 Tolgl lun¢s 2024 Fixed ossets irive51menT5 Cvrrenl o$5etS Cvrrenl lablitie5 169.?40 13.278 1.080.011 587.2331 134.292 4.232 113.278 1.420.2 587.2331 340,249. 775.996 474.541 Unreslrcted lunds ResIled Tolol fu5 2023 Fixed 055ets Investments Current OS5ets Current lobaities 48.072 l(n.433 1.059.369 530.1421 137.396 185.468 100.433 1.370.826 530.142 Ji 1,457 677.732 448B53 l.l26.585 Poge 23 contwuJeo...
5CARbOROUGH fHf ATRE TRUST LIMNEO TRADING AS SIEPHEN JOSEPH THEATRE NOTE5 70 THE CON50IIDATED FINANCIAI STATEMENTS - conlinved Foi the Yeoi Endéd 31 hlorch 2024 21. MOVEMENT IN FUNDS Nel movemeni in funas Tronsfe15 tsteen und¥ Al 31.3.24 At 1.4.23 Unreslricted funds Generol fvThJ Innovolion IvrKJ Humon resource5 cfKJ sovemonce fund Audience davelopmenl lu1 Copilol prc4ect Coptoin Jack fun¢ 521.216 67.9CQ 28.616 104.208 1209.4831 415.941 67.gCQ 22.155 50.OCO 200.00) 15,9441 xo.oc 77 99 Restricled funds BenefoCt5 occ(xJrA Arts C(yJncil- Smon Copitol Gffcnt5 New Wort & Tolenl Fvr¥J Theotres Trust Phllp Come Trvsl Mccorn's Proiecl cultu Rets"et FvtKI Garfield Weston Foundotfjon COAST Mein Tw51 Eryly Yeor5 Prapcl YkSre i? Bu581S Oemenlto Flien Eostfjeld PACT Alex Smith Town Centre Tecn) KIbY Foundolion DemenlK) Frien 20.935 l.(X>2 13. 1041 29.227 21.937 352.2C() 36.504 1.595 7.277 1.595 I2.7) 23.787 2.760 18.7871 18501 I s.cm 35 8.833 17.920 7.292 135 17.785 7.292 131.5181 31.518 475 475 894 4.371 25 4.371 3.395 18.9101 10.ooo 3.395 18.9101 10.000 448.853 25.688 474.541 IOTAL FUNDS 1.126.585 123.952 1.250.537 Poge 24 continued.,.
SCARBOROVGH THEATRE IRUST LIMITED TRADING AS STEPHEN JOSEPH THEATRE NOTES TO THE CONSOIIDATED FINANCIAL STATEMENTS - continued For the Year Ended 31 Morch 2024 21. MOVEMENT IN FUND5 - conlinued Nel movemenl in lunc15, irKluded obove ore 0$ l¢YIcws: Goirs ond 105ses Movement funds hK¢yne ExperKSIu Unr85ts1¢ted funds General Ivnd Human resovrees ond g0vem0e fund 2668.695 12.508.CITrI 944 I2.45 113.531 Reslrlcted lunds 8eneloclors occovnl Arts Council . Smoll C¢Jpilol Gronts New Work & TOnI Fv Prllip Corrne Trvsl Mccgn's Project CvllLffe Refiel COAST Man Irv51 y Yeor5 Pr¢ieci Deffjenl Friendty IblYCI Eoslfield PACF Equity cnIOle Irvsl Alex Smith Town Cenlre Tecm) Kiikby Foundolion Demenlio Frieno 13.1041 12.1541 14.2401 123.7871 18511 127.2151 17081 13.1041 29.227 2.760 18.78?1 18501 17.785 7.292 31.381 15.C(() 19751 25 4.371 3.783 13.7831 37.INXI 133.6051 18.9101 3.395 18.9101 10.( 10.c 166.850 141.162 25.088 TOTAL FUNDS 2.835.545 2.715.115 ?2.845 132.275 Compgrolive5 for rnovemenl lunds Nèl movement funds Iron5fer5 beh¥een funds Al 31.3.23 Al 1.4.72 Unrestricted lunds Generol Ivnd Innovalion fu Humon re50LKces ond govemor£e fLThY Avdiènce devek>prnent Coptin Jock fijnd 730.181 1.035 132.IlY)I 121.3841 1210.OCDI i(x).oc 521.216 67.91 28.616 S0.0(X) 449 677 732 Poge 25
SCARBOROUGH THEAIRE TRUST LIMITED TRADING AS STEPHEN JOSEPM THEATRE NOTES 10 THE CONSOLIDATED FIN4hTCIAt STATEMENTS - conlinutd F+y the Year Ended 31 Morch 2024 Cornparotlves IOF movernent Ml lunds- conlinued RestTrcted Ivnds Benefoctors occount Art5 Covncil- Smoll CopitGI Gronls New work & Talent Fu eotre5 Tru51 Pbdhp Corné Trust Mccoin's Project Cultuie Refief Fuj Goffieky Weslon FourKlolion COAST hrtein Trus1 Eorfy Yeors Proiect Fe051 INYCCI Y0rh1re in Bv51r*ss Dement Fiienc 24.982 20.935 355.304 7.277 1.595 12.7001 23.787 13.104 11.9041 9.181 "1.675 12.240 115.QXII 23.787 128.0701 142.5411 .28.955 51.37d 135 670 5.560 2.760 475 16701 25.958 12.7601 31.518 475 869 d96.425 47.572 448.853 TOTAI FUND5 1.220.t1>6 100.0211 1.126.585 Comporolive net movement in functs. incIed n Ine cknve ctre os folows.. Goiw ontj losses Movement in fund5 ome E¥peneiturp UThestrictèd Ivnd5 Generol fv Innovotion fun Human resovrces ond govemorce 1248.654 12.248.0521 132.1001 21 433 1.035 132.1(X)I 43 Resmcled luftds 8eneioclors accounl Arts Covncil- sma Cffjilcl Gronls New Work & TOnI Fur Theolres T(usl Phllp Caine Trus¢ AAcCain's Project Cullvre Refiel Fu GarfEld Weston Fo¥ndation COAST Arteln Tru5f E¢¥ Year5 Project Feosl INYCCI Oementio Friencty INYCCI 14.8581 13.1041 14.0471 13.1041 11.9041 1801 115.CKJOI 23.787 128,0701 142.51 I I 7.277 1801 115.ClJOI 16.2131 128.0701 142.5411 16701 114.4861 14.3601 1.069 2() 10701 25.958 12.7601 809 40.444 81.201 1 ?8.7731 47.5721 IOYAL FUNOS 2.329.5 12.a30.3091 433 100.0211 Poge 26
SCARBOROUGH THEA7RE TRUST UMrrED IRADING AS STEPHEN JOSEPH fHEATRE NOTES TO THE CONSOUOATED FINANCIAL STATEMENTS . eonlinued for the Year Ended 31 March 2024 22. RELATED PARTY DISCL05UIIES One dfector dso. sits on the tootLI of sCEXoh Ialre Devewrnenl Trust. wf#) c>wn the freehokl proF)erty Iri)rn wtrich the group opwoies. ring the yeor. lent of £27.5C¥) 12023.. -27.) w05 wid lo Sc<xbofOLyh" Iheotre Development Trust undei the term5 of tl* le05e. A loon eiist5 trÈweeA the Iwo compor•es 0$ shLw4n in note 17 to. I occnts. 23. UIIIMATE CONTROLIING PAIIIY 'The chority thder conlid of b(NJrd of trustee5.