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2025-07-31-accounts

Trustees’ Annual Report for the period

From 1/8/24 Period start date To 31/7/25 Period end date

Charity name: Studio Theatre

Charity registration number: 253957

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To prepare, maintain, improve and
advance the education of the public by
their involvement in the production of
plays and other arts such as mime,
dance, singing and music.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Production of at least 5 plays per year,
with a minimum of 5 performances each
involving an average of 50 volunteers.
Hosting of activities of local youth and
arts groups.
Support of the local Fire Brigade events.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 All trustees have been made aware of
the guidance and have all been asked to
read the published guidance.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 Studio Theatre does not make grants.
Policy on social investment
including program related
investment		 Para 1.38 Studio Theatre did not make any
investments for this accounting period.
Contribution made by
volunteers		 Para 1.38 All positions within Studio Theatre are
voluntary as we have no paid staff. All
activities performed by the theatre are
therefore subject to a contribution of
time made by the volunteers.
Other Nil

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Five main play production events:
• Night Must Fall (Emlyn Williams)
• Little Women (Louisa May Alcott)
• Be My Baby (Amanda Whittington)
• Bram Stoker’s Dracula (adaptation
by Richard M Sharpe)
• Noises Off (Michael Frayn)
Hosting of External Lettings – Total of
50 events (including local Youth Groups
and Dance Groups)
10 monthly C@ST (Creative @ Studio
Theatre) events consisting of free
creative and educational activities for
the benefit of members and the public.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 Nil
Performance of fundraising
activities against objectives
set		 Para 1.41 Nil
Investment performance
against objectives		 Para 1.41 Nil
Other Nil

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 We are in a strong financial position and
made a profit for the financial year.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 The current policy is that sufficient cash
is held in the bank account to cover 6
months of normal operations and costs.
Amount of reserves held Para 1.22 £35,000
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 None
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 Staged productions throughout the year
– normally 5 to 6 main shows
Club Membership Fees
Venue hire
Donations
Fundraising
Bequests
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 Studio Theatre currently does not invest
funds.
A description of the principal
risks facing the charity		 Para 1.46 None
Other None

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Club Status
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Elected by members at an Annual
General Meeting

Additional information (optional) You may choose to include further statements where relevant about:

Nil Policies and procedures adopted for the induction Para 1.51 and training of trustees Nil The charity’s organisational structure and any wider Para 1.51 network with which the charity works Nil Relationship with any related Para 1.51 parties Nil Other

Reference and Administrative details

Charity name Studio Theatre
Other name the charity uses
Registered charity number 253957
Charity’s principal address Studio Theatre
Ashley Road
Salisbury
Wiltshire
SP4 7TN

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Anthonyvon Roretz Chair Membership
Joanna Daniel Secretary 22/10/24 – 31/7/25 Membership
Hugh Abel Membership
Rowena Greenaway Membership
Brian Waddingham Membership
Alistair Faulkner Membership
Peter Mitchell Membership
Jackie Pilkington Membership
Lorna Matthews-Keel Membership
Tamsin Jacson 22/10/24 – 31/7/25 Membership
Paul Chalmers 22/10/24 – 31/7/25 Membership

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 None
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 None
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets		 None

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of
adviser
Name
Address		 Type of
adviser
Name
Address		 Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

None

Other optional information

None

|Signature(s)|||||| |---|---|---|---|---|---| |Fullname(s)
Position(egSecretary,
Chair, etc)|(|Nvrll[:.-^tf<a.r
('Ft$.rG*||'a^ie
AA.+\$ 6€f.-€frArft-t/|| |Date||i1i,t|LcTb|||

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

Charity registration number 253957 (England and Wales)

STUDIO THEATRE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees H Abel R J Greenaway B Waddingham A R Faulkner P J F Mitchell A J Pilkington L F Matthews-Keel J Daniel (Appointed 22 October 2024) K T Jacson (Appointed 22 October 2024) P R Chalmers (Appointed 22 October 2024) A von Roretz Charity number (England and Wales) 253957 Independent examiner Shirley Hollis 35 Chequers Court Brown Street Salisbury Wiltshire United Kingdom SP1 2AS

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

CONTENTS

Page
Trustees' report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 12

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 JULY 2025

The trustees present their annual report and financial statements for the year ended 31 July 2025.

Basis of preparation

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011, the Charities Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".

Objectives and activities

The purposes of the charity are to prepare, maintain, improve and advance the education of the public by their involvement in the production of plays and other arts such as mime, dance, singing and music.

A summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts:

Public benefit

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

Significant activities and achievements against objectives

Financial review

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

The trustees who served during the year and up to the date of signature of the financial statements were: H Abel

R J Greenaway B Waddingham A R Faulkner P J F Mitchell A J Pilkington L F Matthews-Keel J Daniel (Appointed 22 October 2024) K T Jacson (Appointed 22 October 2024) P R Chalmers (Appointed 22 October 2024) A von Roretz

Recruitment and appointment of trustees

Trustees are appointed to an Executive Committee to consist of up to 13 Trustees The Executive Committee will consist of 3 Officers - Chair, Treasurer, and Secretary The Executive Committee may consist of up to 10 other members All members are appointed and can serve up to a 2-year term Trustees may stand for multiple sequential terms

Trustees are elected annually by (qualifying) Studio Theatre Members during the Annual General Meeting held during the months of September to November

None of the trustees has any financial beneficial interest in the company. All trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Payment policy for trade creditors

The company's current policy concerning the payment of trade creditors is to follow the CBI's Prompt Payers Code (copies are available from the CBI, Centre Point, 103 New Oxford Street, London WC1A 1DU).

The company's current policy concerning the payment of trade creditors is to ensure trade creditors, especially local suppliers, are paid promptly, and ahead of their terms. There are very rarely any outstanding creditors.

Trade creditors of the company at the year end were equivalent to zero day's purchases.

Organisational structure

Studio Theatre is a wholly Voluntary Membership Society (approximately 175 members at the end of this reporting period).

Studio Theatre is Governed by a Committee of up to 13 Trustees – Chair, Treasurer, Secretary, and (up to) 10 members.

The trustees' report was approved by the Board of Trustees.

A von Roretz

Trustee

28 February 2026

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STUDIO THEATRE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STUDIO THEATRE

I report to the trustees on my examination of the financial statements of Studio Theatre (the charity) for the year ended 31 July 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 and the Charities Act (Northern Ireland) 2008. You are satisfied that the financial statements of the charity are not required by charity law to be audited and have chosen instead to have an independent examination.

I report in respect of my examination of the charity’s financial statements carried out under section 65 of the Charities Act (Northern Ireland) 2008 and section 145 of the Charities Act 2011. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northern Ireland) 2008 and the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Shirley Hollis

35 Chequers Court Brown Street Salisbury Wiltshire SP1 2AS United Kingdom 28 February 2026

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 JULY 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
2
2,592
-
Charitable activities
3
64,210
-
Total income
66,802
-
Expenditure on:
Charitable activities
4
41,259
-
Total expenditure
41,259
-
Net income and movement in
funds
25,543
-
Reconciliation of funds:
Fund balances at 1 August
2024
110,492
671,973
Fund balances at 31 July
2025
136,035
671,973		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
2,592
4,245
-
64,210
65,315
-
66,802
69,560
-
41,259
56,387
-
41,259
56,387
-
25,543
13,173
-
782,465
97,319
671,973
808,008
110,492
671,973		 Total
2024
£
4,245
65,315
69,560
56,387
56,387
13,173
769,292
782,465

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

BALANCE SHEET

AS AT 31 JULY 2025

Notes
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: amounts falling due within
one year
12
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
13
Net assets
The funds of the charity
Restricted income funds
14
Unrestricted funds
15		 2025
£
5,691
83,393
89,084
(2,949)		 £
726,873
86,135
813,008
(5,000)
808,008
671,973
136,035
808,008		 2024
£
-
75,703
75,703
-		 £
711,762
75,703
787,465
(5,000)
782,465
671,973
110,492
782,465

The financial statements were approved by the trustees on 28 February 2026

A von Roretz Trustee

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025

1 Accounting policies

Charity information

Studio Theatre is an unincorporated charity.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011, the Charities Act (Northern Ireland) 2008, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it 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 activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings No depreciation Fixtures and fittings No depreciation

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

2 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Donations and gifts 2,561 4,245
Legacies 31 -
2,592 4,245

3 Income from charitable activities

Income Income
2025 2024
£ £
Production sales 33,865 31,773
Fundraising revenue 1,367 2,119
Bar revenue 19,382 16,892
Interest income 1,286 1,247
Donations - 8,414
External hire 3,185 -
Memberships 5,125 4,870
64,210 65,315
Analysis by fund
Unrestricted funds 64,210 65,315

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

4 Expenditure on charitable activities

Admin Admin
expenses expenses
2025 2024
£ £
Direct costs
Cost of sales 14,960 17,049
Advertising and marketing 263 144
Audit and accountancy fees 1,908 888
Bank charges 75 79
Cleaning 1,158 1,834
Consultancy 420 420
Insurance 3,896 3,538
General expenses 704 68
Light, heat and power 9,450 10,036
Loan interest payable - 1,100
Printing, postage and stationery 288 212
Repairs and maintenance 6,780 19,788
Subscriptions 484 330
Staff training 200 315
Telephone and internet 673 586
41,259 56,387
Analysis by fund
Unrestricted funds 41,259 56,387
5 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements - -

6 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

7 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Total - -

There were no employees whose annual remuneration was more than £60,000.

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

8 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

9 Tangible fixed assets

9
Tangible fixed assets
Freehold land
and buildings
Fixtures and
fittings
£
£
Cost
At 1 August 2024
671,973
39,788
Additions
-
15,112
At 31 July 2025
671,973
54,900
Carrying amount
At 31 July 2025
671,973
54,900
At 31 July 2024
671,974
39,788
10
Debtors
2025
Amounts falling due within one year:
£
Trade debtors
3,127
Prepayments and accrued income
2,564
5,691
11
Loans and overdrafts
2025
£
Other loans
5,000
Payable after one year
5,000
12
Creditors: amounts falling due within one year
2025
£
Other creditors
209
Accruals and deferred income
2,740
2,949		 Total
£
711,761
15,112
726,873
726,873
711,762
2024
£
-
-
-
2024
£
5,000
5,000
2024
£
-
-
-

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

13 Creditors: amounts falling due after more than one year

Creditors: amounts falling due after more than one year
2025 2024
£ £
Borrowings 5,000 5,000

14 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 August At 31 July
2024 2025
£ £
General restricted fund 671,973 671,973
Previous year: At 1 August At 31 July
2023 2024
£ £
General restricted fund 671,973 671,973

15 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 August Incoming Resources At 31 July
2024 resources expended 2025
£ £ £ £
General funds 110,492 66,802 (41,259) 136,035
Previous year: At 1 August Incoming Resources At 31 July
2023 resources expended 2024
£ £ £ £
General funds 97,319 69,560 (56,387) 110,492

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2025

16 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 July 2025:
Tangible assets
54,900
671,973
Current assets/(liabilities)
86,135
-
Long term liabilities
(5,000)
-
136,035
671,973
Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 July 2024:
Tangible assets
39,789
671,973
Current assets/(liabilities)
75,703
-
Long term liabilities
(5,000)
-
110,492
671,973		 Total
2025
£
726,873
86,135
(5,000)
808,008
Total
2024
£
711,762
75,703
(5,000)
782,465

17 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

Docusign Envelope ID: ACD5CCBC-E518-87C8-81C8-7955F782E0E3

STUDIO THEATRE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF STUDIO THEATRE

I report to the trustees on my examination of the financial statements of Studio Theatre (the charity) for the year ended 31 July 2025.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 and the Charities Act (Northern Ireland) 2008. You are satisfied that the financial statements of the charity are not required by charity law to be audited and have chosen instead to have an independent examination.

I report in respect of my examination of the charity’s financial statements carried out under section 65 of the Charities Act (Northern Ireland) 2008 and section 145 of the Charities Act 2011. In carrying out my examination I have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charities Act (Northern Ireland) 2008 and the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Shirley Hollis

35 Chequers Court Brown Street Salisbury Wiltshire SP1 2AS United Kingdom 28 February 2026