Compny rntistration number. 932254 Charlty regthtlon number. 257318 SHEFFIELO THEATRES TRUST (A¢ompany limit•d by 8uarnnt•e} CONSOUDATED ANNUAL REPORT YEAR ENDED 31 JULY 2024
SHEFFIEU> TIEATRES TRUST ANNUAi REPORT YEAR ENDED 31 JULY 2024 CONTENT5 Chalrfs Report Oirecttys. Rep(vt Statement of Trustees. Respon5iWies li Independent Audlttys. Report 12 Account8 Pollaes Con591idated stsiement of Flnanflal Artivities 17 Charltable Coffwny Ststemeftt of FanCial P£lltres Balan Sheeis 19 Comsolldaied Cash Flow Ststement 20 Notes on Accwnts 21-38
SHEFFIELO THEATRES TRLlSr CHAIR'S REPORT I'm deli8hted to report that Sheffiekl Thealre5 has enjoyed Other Successf year In 202>24. Fol)wln8 a pubmc search I was appointed a5 Chair in the of 2024. and took up the p05t formally on 1° July. My thanks 80 to Arnle 5in8h for hls excellent leadtrship a5 Intwlm chw between Jtht 2023 and June 2024. l am deli8hted that Arnle contlnues on the board in the role of Oeputy Chalr. I'd Ilke to take thrJ OPPOrtunlty to pay tribute lo Bob. Lord Kerslake. for hls superb leadership of the thealres as Chalr belween 2015 and 2023- hets grely missed by all of vs. In 2023.24 we ¢on¢inued to have an extraordinary irrwrt wthin our community. 429.621 audience members attended our theatres thls year, inclLKling a record 82.927 at Christmas. Meanwl. we con1ued Lwr wperb work with women's and men'5 8roups In Arbourthorne. as well as our Launchpad prO&ran for aduhs with learning disabilities andlor Autism- to name on two elements of our exceptional Creathve Ery8emtht in iheuty. DurNw ihis year we receNed the that Rob Hast. Artistr Oirector. WLwld be leavi 5heffbeld Theatres in order to take up the vole of Deputy Artistic Dlrector at the National Theatre. Rob's elRhi year tenure vi Sheffdd brou8ht a ¢o10ssal amounl of artlStic success lo the theatres. from Olver Atards to 8roadway Iransfers- and even an Honorary De8ree from Sheffleld Hallam Unfversity. Rob left us with a grippin8 and movry prothcl#?n of alt5 of Flre. Rob's departure meant that we began a reuuitmeni process for a new All Director durfj 2024. and we were overknd to appoint Ellzabeth Newman after an e¥cellent pr¢Jces& Elizabeth join5 U5 frorn t10chry Festival Theatfe and take5 up her role In December 2024. We had another superb year onsta8e ai Sheffield The•tres- mèkln8 lfftIn& spÈctatul¥ work Ilke Whtte Chrhtmw. superb lassics suth as The CnKlble and memorable new drama like We Perfvrt. Sadty. the theatre10st a much4ov&J staff member In January 2024. when ftos Moore. our Learnin8 & Producin8As5islanL passed away followln8 a lon8 baitle with caneer. Ros was far too young to leave us. and exceptlonalty popular In ihe or8anisatlon. She joined us In 2016 as Assistant Sta8e Mana8er. and she too Is hu8ely mtssed by us all. Everyone at STh would lie to thank our major funders. Arts CowKIl En8land aTrJ theffield Clty Council, whose SUPPDrt 15 hu8ely appreciated. We continue lo use ACE'S Let 5 Creote Invesiment Pfinciples to 8ulde theway In which we use iheArts Council fund5 we receive. and we contlnue to enjoy an excell1 relationship with ihe city council across many areas. My final thanks 80 to all the team at Sheffield Theaires. ndu(lathefredarKeartIstsWe workwlth- for thelrsklll and dedlcatlon. I'm very proud ol everythlne the theatre5 achieved thbs yw. Dame Julle A Kenny CbE DI Sh•ffleld Th•atr•s Trust
SHEFAÉLD THEATRESTRUST DIRECTORS, REPORT FOR THE YEAR ENDED 31 MY 2024 The TrUee$ and OiTectors of the charitable eryany wesort thdr report abnB wlth the finathtsal statÈment5 of the charity for the year ended 31 Asly 2024. The financial ststements have ltn prepared in aC¢ord thryth the accouniin8 pollcle5 set out OTr page 18 of the Ilnancial staiements cornply wbth the char#Vs Memorandum and Artides and appllcable law. The trustees have adopted ihe piovision5 of ihe Slatemenl ol Recommended PradKe ISOAPI 'Accountln8 and Reporting by Charities" IFRS 1021 In Wepar1 the amual repwt OYKI I1?a1 stsltsnents ofihe drIty. Lwl and admlnlstrltlon drt•lls offid Th•m• of tharlty. SheffJd The31 Trust tharhy r*tr•tlon nufflbor: 2S7318 Conyany r•glstratlon 932254 55 Norfolk Siré Shelfidd Mr Stefftn Belts Ms Ruth Bourne Dr Anni Domir Mrjames G Mr Brlan Holmshaw Darnè Je Kemv Ms Elearr Mr Ned MacDonald Ms Klrsten Mèior Ms Ruth McDDnald Ms Lawa Moynahan Ms Rosle Neave Jthi Pkkerir Mr Singh •As AM Woolhouse Tom Blrd Bardays Bank I St Paufs Pl&è Norfolk Street Si 2JW Siafviw Audi¢ois Pe8•sus H(e 463a aossop Road gtheld SIO 2QD
SHEFFIELD THEATRES TRUST DIREcfoRS' REPORT FOR THE YEAR ENDED 31 JULY 2024 {wnlinued) Struclur•, Go¥ernanceand Mamymont Go¥erfilty document 5heffleld Theatres Trust LInle ISThI1s a re8iMered ch¥tty a ccThpany Ilmited by 8u•rantee governed by it5 Mernorandum and Articles of Association dated 17 May I8 and amended to allow for currentgo¥ernarte arrangementson 21 Decembef 2011. Anyone ovei the age of 18 can become a membef of the Crjnpany there are currently 15. IJ2 in 20231. membeis. each of whom a8ree to contrIle £1 In the event ol the charlty winth8 UP. Oblects The prIM objects ofthe charlty 5pe¢ifd in the Memoranthm and Mides ofAssociation are: To promote, maintain. irnprove and advance education. partiojlarly by the production of educat1 plays and the encouragernent of the arts. indudirv4 ihe arts of drama. mime. dance. sinw'ng aThl nluslc and to formulate. prepare and eStatlSh schemes thereol. To receive. educate and train st4rdents In dr•ma. dan¢iTh& music and and to proThIe the recOltIOn and en¢oura8ement of special merit in 5tudert5 by the in5titutMJn antl pre5entalion of 5tholarships. exhibitKmS, grant5, medals or other piiies or benefacins. Oynlsatlon The board of trustees. which can have up io 15 members. admislers the charity. The boawd meets qu1¥ and there are sub- mmittees covering finance aNI 8udlt. human resour$ and trusiee n¢)mlnation& A ch Executive Is appolnled by the tW5tees to manage the day to day operaiions of ihe charity. To facAitate effectv¥e operations, the Chtef Execuiive ha5 delegated authority within ieims ol delegation approved by the trustees. for opwatal matlers incbJ fmance. eryloyment and artistic performance relaled artivity. Appolntrneni oftrustees As set out In the Articles of Assoclallon the dwlr of the trustees Is elected by the dliectrys. Wlth the exceptim of three trusiees nominate(I bysheffield titycouncil, trustees are dected bythe rnernbers of the tharitable company alter1Thg thejanuary Annual General Meeting. All elected trustees serve lor an initial term of ihree year5 and may then $er¥e for a further three year5. On explry of the second term an elected trustee may be knvlted to be reelected for a lurther year and thts procedure can be repealed e¥ery year provlded that the trustee does not seNe for more than twelwe years in total. Nomlnees appolnted by Sheffbeld fjty C¢)unul I subiett to the appoiniment ¢eSseS of those bothes and Ihe 8uldellnes on appointment to public office as Ihey apply to Local Govemment nomsnees. Tr¥stee Indurtlon and tralnlr New trustees are invited to ihe rtystered office of STh 10 meet with the Sth)ior Mana8tment Team to brief them on their le8al obligations vnder charity and company law, the content of the Memorandum and Articles of Associatts)n. the committee and declsion.m?kin8 proce55es, the business plan and receN financial Performce of the charity. Any trustees eleaed to serve M the Finance Sub Committee re¢t a more deialled financial induction fdlowing appolntment.
SHEFFIELO THEATRES TRiIST DIRfcfoRS' REPORT FOR THE YEAR ENDED 31 IULY 2024 Icontirnd) ruCre. Governance and Man•8emert (Cont1rn) Related partles The charliy ha5 a ¢k)se relationship w#h Shefliekl Lycewn Thèatre TnJs¢ a dwrity which owns the freeholdof builditw known as The Lyceum Theatre. Theatre5 Trust rents •id mafia8es The charilvs whcAly owned subsidiary. Offsta8e Limited was established to operate the commercial bar. caterfng and ret•illn8 facllllles at 5the1d Theatres. Offsta8e81ft alds all otlts wofits wlthln the (seenote 3 to the accounts). A separate tradSng company. tsudble Enterwtses Lirtuted wa5 Set upto rwi Cruable Corner- a separate cafélbar on Tudor Squ•re. Crudble Corner dKI not trade durlng the year. the lease to the bullding was Surrendered on l July 2023 and an appllulion to strlke off and di$soe wa5 made on 20 September 2024. The results for the <ompany are Incorporated into these accounts. Shellleld Theatres Cruuble Tru51 and Clty ol Sheffield Theatre Tnjst are substdiary trusts incorporated to mage the operatlons of the Crucible Theatre and Lyceum Thefe. Sheffield Theatres Trust Is the x4e corporate member of boih trusts. Slffield Crudble ProthKiions Linted acts as agert Investsvthts and prothJcW tours and productlon for ihe group COM¥. oblertS 4nd aGrfvlde5 The maln obAectives for the organisation were ¢tyHinue to be the womolion and f05terin8 of artIlt krtovAed8e and the appreciation of the arts by the Provislon and futyie of fa(dities for theeducatkn and entertainment of ihe wblic the fields of art. craft. music and drama. 7he straie8les employed to athl the dwrIt$ obJerti¥rsare to.. offer opportunittes for a ra of people to get invol¥ed wi arts acti¥lty explth their own creatlve powefs. Dvlde facilities for amateur and professloNI •rtlsts to develop. Groups in the uty are gl¥en dI$Unted rates for hlre of space and acces5 to professional a(fvke: concentrate M invabAn8 Yn6 people wi the arts io help encoura8e a culture In whkh (4fferent age ran8ès play a ¢ompllmentary part: celebiate the dlvevsty of udtures in our S by y08rammi presentstws by. and wlih. artists of dlfferent cultwal bacounds.. present a broad ran8e of arts wor The thaiitv seek5 to maximise attendan and partiopatlon in its activlties to ensure that audiences are drawn all every sodo. economlc youp5 and age rae$. It does thls by aertISin6 to the pthllc throueh the n*di•. print sodal network and leachin8 out to the I(1 ¢ommunlty. Our accesslble per(ormonce5 indude the fflontNy I)eMa Tea thr•ces. We cixthue to offer tkkets at ÉS under the Live for S scheme lo everyone between ihe a8e 0116 and 26.
SHEFHELD THÉATrES TRUST DIRECTORS. REPORT FOR THE YEAR ENDED 31 JULY 2024 (¢Mti•xd) Str•ie8lc Report The Trusiees present their Strategk RepNt for the ye ended 31 JU 2024. ProdvrtloTrs In Sepiember 2023 we produced ihe world première of We Could AM •e Perfvrt. Ruby Ckrke's wthyuctlon of South YoTksNre wrlter Hannah Morws debut play {•••• The 5toge). Our detemlnation to PrOduexCeptIonaI reAvof¢lasskplJystas a8ain evidencedwith The•typdftkn, Roger McGou8h's adaptation ol the Molièrè orlelnal. dlrected by Shelfidd-lmsed threttor Sarah Tippk and starrbng k>cal aclor Ethward Ho88 In the lead. I Whoi's On Stoge. Telegrophl. Paul Foster returned to Sheffield to direct IrviFE Berlin's Iwrfte ChAstm•s in the Crutible as our Christmas musical. lohuge ultlcal Success I •* Ooilymail; •••• Whol s On Stoge- The fme5." Thestsgel. Our pantomime In ihe Leum, co-produced with E¥olut•on prOdtIOns. was eeauty & the Beost (•• The stage). The show slarred Duncan Jaffles. lennle Dale and Bessy Ewa. Is welF a5 our le8end)ry dame Oamian Wllllam5. We be8an 2024 with our laiest ctrproduction 4wth Theatre Cwltre. Wtsh You Wererft Here, a w play by Katie Redford about a mother and daughter on holiday kn Scarborou8h. The Guardlon expecied to see It "workin8 well as a stlmulus to conversatlons around the corwlexitie5 of parent4een relalions-and not BlSt for youry people but foT adult5 too." {••• Yorkshlre P05tl Another world premlère wlth a I1-stanr p¥ther. Urtes. lo110v1 kn the Tanya mo11W11$¢h PlaW)ou5e. A collaboration with Roots MbHI and Remote Theater Project, John Rwothomacvs play eyplored kncarcerntion in diffefenl setlin8s around ihe world • TheStO9e sIn 2020, Anthony Lau hasworked superbly in iheroleof A5S0Ciate Arti51ic Dirertor irb 51PPOrt of Rob Hastje. final producthjn In this role was a sharp, hard-hlttin8 flwival of Arihur Millerfs The Cnxlble. slaged in the theatre wlth the same name. The show was an Immense ¢fitical success I ••• Guorthon: Daifymoil.. ••• fimes). Rob Hastle's flnal prodvctlon as Artistic Director was the mo¥in8 Chortots oyFlre in ihe Crucible {••• Observer. ••• The Stt7gel. Spe¢lally revlved lo colncldewlth the IIXI, anniversaryof the Paris Olympics Iwhere theaction take5 place). the show was a fittin8 and speclal end to Rob's except101 tkne wilh us. Gu•st Produrtlons In the Lyceum, we presented a fabulous programme of ihe finest touring work. Hi8hli8hts included- the retuin of our very own LlfeolPlfollowin8 Its Tony Award.winning Stint on Broadway. And Thtft Theft Were None; The Wlzordoloz: 2'.Z2 A Ghost5tory. rhe 8oy ot the Ba01 the Closs: rhe KlteR¥mr-as wel asOther returning Sheffield production, Everyborf$ Tallrlft4Abwt Jumle. In the Playhouse we continued to host the exceplional Mu55¢ in the Rwnd and Sheffield DocFest. while at Chrlstmas we were dell8hled to tr#)st WrorVn*lS A Town Calledthrknnos for youn8er chlkbe
SHEFFIELD THEATRES TRUST DIREcfoRS' REPORT FOR ThE YEAR EIKIED 31 JULY 2024 Icontknued) (r Work Bviond Sheffleld St4ndlno Qt the Stys Edge enjoyed an excellenl rw) In the West Enrfs Theatre. co.produced by National Theatre PfO(ludions and Various Produ¢tions. LlleoAPland Everyborfs TalHrtgAbthrtlamle contiNed thetr extTaor(knarysutcess wlth runs on Broadway In the West End respectivety, as well as playing in a huge number of toUrIvenueS auoss the UK beyond. Wlsh You Weren? Here enjoyed a Lon(knn run at SO Iheatre. as well as at N(¥thern sia8e and tourln8 5dw)ols. Indu5fv5ty& Relevance In 2023-24 we Cmtinued to tharnpion mar8inalised voiceson owstages and beyond. A yficant proportion of thework detalled above was made with. for and by member5 of communths haNtnot traditionally engaged with the art& Alorwskle oth¢r aits Nganisatkns in the city. we are dermd to on the recommendaflons ol Ihe Sheffield ftace Equality Commisslorn repor( which was published in June 2022. This prthides for a of actions that must be lrnplemented In ofder for ys to truly cal Sheffleld an anti&radst dty. Recornmendaticffl S of REC Calls sp1 & culture to r(wrilyJte io Sheffd beirq an antl-radst clty. We were very woud In 2023 24 to host an ex¢epts"onal ¥rI. event lor the MW Awards. In conjunllion wilh Siambari and Paitem + Push. We ¢ontin4Jed to coroduce ¢c41al)orate wlth Afrkan diaswa communities throuBh our rtnerShipS with Utopla Theatre and Roots Mblll. We also be8an work (rf) a malor new theatfe Wole focusln8 on South As4 communities in Sheffield. Audlenc•s We enlopj a record4reakiffd year as regards pantomlmea4thns-iV5l ovew 53.CKA) people attended Beauty& the 8e•st i the Lyceum. Another strperb alence breakthrou8h wa5 on The CnKI&-while we srarted the year with some concerns about recovery levels lor drama èudienos post.pandemi4 we ended It with The Cwclble pla>iry to Just under 15.(Ul peo. an exceptional fetum for drama. Durin8 the yeai we were delhted to welcome Jenna Ckneltschenko as Learnirq & Participation Director. Jenna was previously Head of National Parinerships at the N•tlonal Theatre. Once again. are yalef•Jl lo Andre4¥ Wilcox for leading the team on an interim basis before Jenna could lake up her role. The team's a¢hlevements thls in 202>24 MKhJde: . the relah 0fSheffd Peoplés Theatre with asn Au8usI 2024 wi)durtJon ent1tledsmthI tyd, Spnwlhln• New; - summer schods fw chlldren & youn8 people a8ed between 9 arnl 17- - a number of schools. response proie¢ts.' - tontlnued partnersNp with the Natlonal Theatreon theii Connertkns y¢8rammè: . UrqentlA Tlmetyploy by Nicolejoseph dlreaed by Oavm RlcPffiond-Gordon for Sheffield Theaires. Youn8 Companv. . Totol RIP Effert, created by Laura Guthrie and the compan¥: the latesi wofk in our exhllafatin8 & InspITlng Laurthpad programme for adts with learnlr disabifities andlor AUtm.. . the relaunth of our Cojne to 0{P10amrne. a free Thtl¥e comrnunity ¢tropin.
SHEFFIELD ThEATRES TRUST DIRECTORS, REPORT FOA THE YEAR ENDED 31 JULY 2024 {¢ortiMed) Talent Deyelvpment Our artlsts. space. The Bank. contwiue<l to thrive in 2023.24. 3 writers. 3 dlreciors and 3 producers wwe reuuited Into the Bank Cohort 2024. The cohort members received guidance and fund in order to pursue creatl¥e rffojetts, l¥le being rnentod bv Ihe ST team. In addition. The Making Room continued to ofler a supportr4e ndwork development opportunitie5 for artist5 based in Sheffield and the surToundln8 areas. and to promote the Jxovi5ion of wti5t dv¥ePrnenl in knjth Yorkshire more widely. Funthalsl The fundraisire team has contued to relorm after the effects of the pknt. aalre Fletcher joined as Member5hlp Coordinator, while the team also began the process of reuullhwa new Fundralslng Manager. The fundraisin8 gala performance of Clwrlots olFk In Juty 2024 was 4 new experlment for the leam- ralsln8 Susl over £52,000. 2023.24 saw the implemeniaiivn of • ne membershlp 5trate8Y 3nd $18niftant yowth In membership nuners. We saw increase of 25X. brlnginR the nvmber of mÉ*nl)er5 over 3.(KKI for the first tlme. We treat donor5 fairly and ensure they can make an l0ed deasion aboul any donatiOD. In line with the Code ol Funtha151ng ctice. we take into account the needs of any pos1 donw who •TW be in vulnerable circumstance5 or need extra care and SUPPOTt to make an Informed decislon. Sheffield Theatre5 15 re8i5tere(I wilh the FundraislngRwlator and is complit with thecode of Fundraising Practlce: the Codè is Used to support staff tralning and referred to when plannry fimdraismvd campatgns. There were no ¢ompllan¢e15sues Sn 2023-24. Our fUndraIng is legal, open and h(1. and we are clear atKI respectfvl in our fundraiskng communlcatlons. Our supporters ale at the heari of oui relaiionshlp.led approath to fundralsin8. World Snooker Champlonshlp The WNld Snooker Champtonsl¥p ran successfully in May 2024. We tontinue towork alolde partners at Sheffield Citv Council and Worfd Snooker to explore ways in which the trnaMeTht can be developed In the fviure.
SHEFFIELD ThEATRES TRUST DIREcfoAS' REPORT FOR THE YEAR EIWJED 31 JULY 2024 (cont} Ow Stsff The Trusiees are Very proud of our current W0forCe, al spedalists In thelr who ltlalY show their Passio creativity. skllls and experiee across our the¥tre5 •KI prothdions. In 2023-24 the stall ieam conlinued to be reb lo1¥the effects ofthe pc. We were hwy to be able to pay all rtaff ) minimum 3% pay rise on l Au8ust 2024. as wel as a'wintrf b(XMts in IloverTbber. Envlronmont41 S¥y•knablllty We contlnued to make and present work that highlighted environmental issues In this year: We CouldAMae Perfert and ilnes in partlcular had a si8nifKaDt amount olsuch content. We a150 contlnued towork with co-produclng partners ro exploresusiainable tourlng optbons for W4dfir¢ R¢od. Eve Leigh's playabwt the¢knate ui515 thatwe produced In 2023. In ou¥ NPO bKI we set out a path to a 9% reductlon in ener8y-retsted effthions 2026, and we ore currently workln8 on a new target as part of our straie81¢ pknnl for 2030. Our Operatlons te led by John Bates Ioperatlons Oirecwrl condnued to rnOnh our energy usage. WaMe. materlals use and other environmental Impacts. TIMS work is Th)w re8ulaty monitored by trustees th¥5 to Environmentsl ReSpOr1b]IltY beln8 established as one of Arts C¢)unal EnglaThfs knvesiment Prlftdple We conlitiue tts monltor each Sheffield Theatres, prOdlOn.$ perforniahce ¥lnst TheJire Green 8ook ixgets. in order to uNJe¥stsnd thè environmentrl impact o11hetrt we make in house. We have applled for fundln8 from the UK Sh¥ed Pro$ity Fund Lw tyct to make a s¥nifi¢anl posltlve Ira¢1 on the ener8y eflklency ol our noTrtheatre lryhtrt. The board c¢ntirwed to rtd ¥e8ul¥ty and on Schedule throuthout ther. The trustees are hugely grateful to Arnie Sln8h for stepplng In as knterim Chalr dwi18 2023. The trustee< thank5 are due to Ruth Bourne. Peoe ad at rd level. for her leadershp ol the sutttssful a)ak recrultrnent proce55. and to 1 1fttee$ for their respectfve roles In theArtistk Direct¢r recrnitment wocess. We retaln committees coveM¢ ihese areas: - peop & Culture - Flnance & SustalnabllmT . Fundrsin8 . Leaming & Partidpatlon Board meetin8$ ¥re observed by our iwo funders. Arts Cnl of Eov8iand and Sheffleld Qty Councll.
SHEFRELO THEATRES TRLIST DIRECTORS, REPORT FOR THE YEAR ENDED 31 JULY 2024 lcontlnued) Flnan¢lal Revlew 2023-24 resulted in a surplu5 of unrestrlcted funds 01 £585.029. Tr surp$ achleved thls year was helped by the 8enerou5 extenslon by DCMS of the hi8herTheatre Tèx Rellef at 45W50%for non-tourMw•)d iourin8 produttions. We also benefted from contlnued high Interest rates wilh advanced ticket sales makln8 a $18nlficant proportlon ol the É13.7m bank IMlan¢e. We received a total of £70250312023.. £410.9601 in bank interest. The charltV'5 wholly owned subsidlaries Offsta8e Ltd delivered net profits of £703.48112023= £871.2361. The Offstage profrt5 are rfred back to 8roup. Sheffield Crucible Produ¢tions Limlted 8eneraieil a nei deficit of £7779S(2023.' £799.620} which repre5enl5 the ta¥ credit due back for the Theatre Tax Relief claim. Oftstage Ltd nt¢S to dellver 8al resuks. from the re1th¢d café and other in¢(Nne Keneratin8 adi¥itie5. The funding sources were from proflts from ihe tradn8 subsltha. ticket fe¢elpts. revenue yanls of £1.303,415 from Art5 Councll and a grani of £291,433 from Sheffield aty Councl. Prfncw R15ks and UnArtalntl•s The Trustees are commltted to the identifi&ition mwent of the major strat* busirbes5 a1 operatlonal rlsks whkh the charlty faces. The prlndpal Ilnan¢lal risks revdve around the failure of a production at the Box Office, the risk of audiences not returnin8 In sufficient Nmbers for whatever rèason. and potentially adverse ÈffÈrt on both profjtabllity and cash Il¢)W. Thi5 is particularly relevanl M theatre bUSesS where a completety new programme of works is embarked on eh year. The Trustees and Senior Management are fulty aware of the risk prOffi in the bus1r. and a multl-functlon leam of managers within the ganisatIon is tasked with cLvnmunicaiir4 wrth all levels of the or8an•sativn 1¢ Identify all risks and re&ularW update a detaSled risk ieglster klentlfylnÉ Ilkeliho(yJ impa¢t. IORether with artions necessary t¢ mtti8aie the risk. This is consldered by the Finart & Sustainabilily Committee•KI ihen presenied to the main Board. Arts Counchl England National Portfolio is in place subpd io the terms of our funding agreement and ha5 now been extended to March 2027. Sheffield City Council fundin8 is agreed in wKiple until March 2026 and is confimied for 2024125. Future plan5 As we wiite ihi5 reporL Chri5 Bush's eycepllonal adaptati of A Ilwse, dlreded by Elin Schoflekl. ha5 lust closed In the Crucible. It recelved Superb reviews. Dlzry. a new play by Mohaffled Zain.Dada (our latest co.productlon with Theatre Centre) Is tOWKI8 Schools and returning Week to the PlaYIe. We are weparingfor another busy Christmas. with Amy Hod8e'5 woduction of ia¢leSlw?oSllorrors in the CrLFcible. Snow Whlte in the Lyceum and Tutti Frutti's undern • MoqkolAloon in the Play1. In the new year, weare dellghted thatjosh Seymour will direct a Ma new woduction of Tennessee Wllliams, AStreet¢•rllomed £lesire In the Cruclble. We WMI co-produce PloHe•rt Boy in the Playhouse. in Conjunction with ihe lknicorn Theatre and Childrtn's Theatre Partnership. This project will also see collaballOn with two children's hospitals.. Sheffield Chlldren's HospStal and Great Ormond Street-in line with the themes of the play. Ellzabeih Newman has WOTked a number of days for SI11 Theatres thro the autumn. In order to develop J major new pro8r4rnme ol work that we wiu announce in February 202S.
SHEFFIELD TTRE$TRusT DIREcfoRS' REPORT FOR THE YEAR ENDED 31 JULY 2024lcontlTrlj Under Memorandum Artldes olAssoclatth. the has the power to Imesi In any way the trustees wish. Rerv¢$ poll¢y Trustees have taken a risk.based apwoath to theTeseThes poli(y and wwe need to maintaFn sufflclent flnwcial and cash ieserves to safeguard ourfinancial pItIOn and provide a buffer a1$1 identifd arml unexperted e¥eDtualilies also ènabling us toaddress essential upital expenditure ènd invest in future opportunliles that mayarsein the coThMng years. Thè pace of chanBe is Increaslng and our abrlity io be an ganIzatIon that ha5 the resources to be able to adapi is Critical to our SU5tainablllty. The Trustees have re¥1ed its approFKiateness of ihe reserves pollcy and tsr8e¢ reserves are Sel at £4.Im. At 31 July 2024 vndesi8nated unresiritted reserves were E4.2m. 2024-25 wlll be a ch¥lenBine year ryth the economlc sltuatlon with costs of production increa51 and cost of INiTha irrwry aUrf spend. this levd of unrestrkted luTrJs wlll. therelor¢ be vital. In adthtlon io ihis we contbnue lo use Oesignated fvnds to invest in artstlc research & development w0$h for plays prior to full coThmissionln& lo support increased produdlon tosts to allow for utwlanned Major buHdin8 TepaSfs aNI mainknan¢e wojects for the three theaties. prodKtlon & iechnical equlpmeni as all Jr theatre5 are In Grade 11 listed buildwy that requlre slgnlficant upkeep audiwKe developnt and information technololy to buikl audience loyalty and enharKe customei experlence As sd out kn rn)te 12, the current levd of Deswed Funds is £IAm. Dlr•rfors The dkectors. who are 0 tru5tee5 ofthe charity. the and io the date olthls pOrt were as follows: Mr Stephen Belts Ms Ruth Boume Or Anni Domin80 Mr James Gamett Mr Brian Holmshaw Oame Julie Kenny Ms eleanor Lan8 MF Nell Ma¢Oonald Ms Kirsten Major Ms Ruth McDonald Ms Laura MoynJhJn Ms Rosle Neave Mrjohn Plckerln8 Sloned Rlchards tr Arvn Sirqh Mf Peter Price Ms Ann W(K4house (Appoinied 21 Au8USt 20231 (Appolnted ljuty 20241 IAppoiled 25 June 2024) {ReSied 21 Auwt 20231 IRe5igned 4 Awist 20231 {Appolnted 21 Aulust 20231 The ComnY Is a company hrnited by 8uarantee and not Iwlng a share capital. Each member gives 3 guarantee to coniribute a Sum not exceedln8 £1 to the Company should it be wow)d up. At 31 Juty 2024 there were 15 rnembe. 10
SHEFFIELD THEATRES TRUST DIREcfoRS' REPORT FOR ThE YEAR ENDED 31 JULY 2024 Icontlnuedl Statement olTru5t¢¢¥ RespMbIlltles The trustees (who ave also dffectors of Sheffleld Theatre5 Trust for the purposes of CoMpY lawl are re¥>onslble for weparing the Tru5tees' Annual Reporl Ilncludlng the Strate8ic Report) and the financlal statements In accordance with applicable law and Unlted Klngdom AccotIrestand8rds Iunlted Kingdorn Generalfy Accepted Amntiryd pract1}. Company law requires the trustees to prepare flnanclal statements for ea¢h financial year. which glve a true and falr view ol the state of affèlfs of the dwitable Company and of the in(onMr re50vrces and application of resources. IndlIng the income and eXpendIre, of the charltable company for that period. In preparirva these financial statements. trust5 are requlred to= seleci suitable accounting polldes and then apply them ¢ctent. observe the rnethod5 and prlPleS in the ChariiiÈs SORP IFRS 102): make judgement5 and estimaies thai are rea4onable prthi. state whether appllcable UK A¢countin8 Standards have been followed.. prepare the financialstatements on the8oryconcern basis unless it is InapprwiatÈ to presume ihat the charlt3ble comp•ny 11 continue in operatlon. The irusiees are re4)onslble fo¢ keepry adequate KcOUnti fecords that dlsclose wlth reasonable accuracy at any time the finandal positlon of the charitable company and enable them toensure thai the financial statements comply with the Companles Act 21. They are also responsible for safeBuardNry the assets of the charilable company •)d hence for tak1 reasonabfe steps for the prevention and detertion of Iraud and other irre8ularits. Stat•ment of dlKlosure ol Inlorm•tltsn tOftlS In so far as the tru5tee5 are aware- there is no relevant autht Information of which the charitable conv5 auditors is vrth¥are: and the trustees have taken all steps that they ought tohave taken to make themselves aware of any reknant audit Informatlon and to establish that the auditor is aware of that Infofmallon Audlt¢Ys A solUtIon ro re4ppoknt Hawsons as authtors wil be prOSe0 at the ann¥al general nwt In appiovln8 the Trffjtees, Annual ReporL also approée the Stratqk Reptyi kn¢lwled thereln. In our upadty as wmpany dlr¢tors $ld ¢)n behallolth• board Dam JulSe A K•nny CBE DL 5h•llleld The¥tr¢s Trust Date: 21 201
SHEFFIELD THEATrES TrUST INDEPENDE14T AUDrroRY REPOATTO THE TRUSTEES OF SMEFAEtD THEATRES TRUST Oplnlon We have audlted the finala1 stsiements of Sheffield Theatres Trust lthe'parent chaTltalJle Corn) and Its subsldlarles Ithe '8roup'l for the year ended 31 July 2024 which comprise the Consolldated and Parent Company Statement of Flnancial Activlties, the Consolldaw and Parent Company 8alan¢e She¢L theConsof¥lated Statement of Cash Flows. the notes to the financSal stalements and è suwrfnary InchIng slgnlficant ¥countlry pokies. The reporti f¢amework that has been applied In they preparation is applKable Iw and Urdted Ac¢ounlin8 Stsndwd5. indud11 nal)rIal Reportin8 Standard 102 Yhe Flnanclal Reportlng St•ndard appllcable In the UK aTrd Rewbk of lidand ILknited TedOM GeneraltyAccepted Accountln8 Practlcel. In our opinlon the {knala1 ststements: Èlve a true and lalrvlew ofthe ste ofthe erourfs p¥tht th¥iiabkcompanVs affalTS as at 31 July 2024. and ofthe group's Incorning re50urcesand applicatkn of reos. in(Win8 its incornè and expendlture, lor the year then ended.. h4ve been woperty wepared In ac¢wd•Ke with Imed KingdGenerallY Accepted Ac¢ouniing Practice: a•vJ have been ePad in accordaKe ith the requlrements of the Cornpanie5 Act 2CK6. èasls for oplnlofi We conducted our audlt in accoidan¢e Iniemattonal Standards on Auditsng I1) IisAs {UKII and applicable law. Oui responslbllltle5 under those standards arE further descrlbed in the Audttor's reSpSIbltieS for ihe audit of the financial statements sectlon of our rep)rt. We ale Indepe1 of the group a)d puent tharilable (janY in accordance with the ethlcal requirements that are Televant to our audit of the finanaal statements in the UL indudw the FRCS Ethlcal Standar(l. and we have fvlfilled our other ethical responslbthties Sn a¢¢ordance with these requirements. We beuevethat the awlit evSdence we have obtained 15 5uffident to pro¥tyde a basts for our ¢plnlon. In audlting the flnandal ststem&)ts, we have concluded that the irustees. use of the80iTrx ¢onwn basis of accntin8 in the preparatlon ofihe fina141 staternents 15 approwiate. Based on the work we have performed. we have not ideniified w matwial uncertaint5 relatin8 to events OT conthtions that. indlvidually or collectivety. may cast signlhcant doubt on group or p¥ent chxltable COTrwny's ability to contlnue as a 8OiIV4 concern for a perlod of at least Iwelve months from when the financial statements are 4hrIsed for issue. Our re5ponslbilitles and the responsibilitie5 01 thetrustees *ith respect to 8oiw concern a described in the relant seciions ol this report. The oiher informatbn comprises the inlorma¢ion Included kn the true anrwal reporL other than the financlal stentS and our audltorfs ieport thereon. The trustees are responsible for the other [omIall0n contained withln the annval report. &Jr plnion on the IlnarKlal staiements doe5 not cover ihe ¥thJTffiation and. ewpt to the extent otheTh¥lse expliotly stated In our repor¢ wedo noi express any fomi of assurance conclusion thereon. Our responsibility is to read the orher information and, In doing so. COAsider whether the other Informaliorty is materlally inKonsisteAt wlth the fInala1 statements or our knowledge obtèlned in the course of the audit or otherwise appe?T5 to be materlally mi55tated. If we iderttify such rnèterial Inconslslencles or aPPJTent material mlsstatemeAls. we are required io determine whether this glves rise to a material misstatement In the finandal statements themselves. If. based on the Wa we hwe perf(Ymed. We(Kd that there 15 a materlal n$statement of this Other inforniation. we are required to rept that la. We have nothlnB to report in thls regard. 12
SHEFFIELD THEATRES TRUST INDEPENOENT AUDITORS, REPORT TO THE TRUSTEES OF SHEFAEiD THEATRES TRLIST (contlnuedl Oplnlons on gther matt•rs prescrlbed by the Cryrpanles Ad 21J06 In our oplrnon, based on thework vrrtlertaken in ihe course of the auth.. the Snlofmatlon 8en In the trustees. repcvt Ilncorpofaik¥the sirat report and the directors. report} for the financial yeai for whl¢h the financial statements are prepared Is ¢¢)n4sient 1¢h the fthinclal $latements.' and the strateuk repori and ihe rfirector< report been yep¥ed in accordan¢e with appficablelegal requlrements. Matters on we are regul¥ed toreport byexceptkn In ihe118hi of the knowl8d8e and understanding of the 8roup and parent charitable company and its enwonment obtalned In the course of ihe audiL we have not wjenirfied material rni551alements in the strategic report and thedirectors. report. We have nothin8 to report in respect of the followi matters in relation to the Companies Art 2(K16 requkes us to report to you if, in our oplnion- adequate ac¢Wnt1 records have noi been keN ty the parent tharitable company. or retums adequaie for our audlt have not been recdved from bra5 nol brysited by u5: or Ihe parent Charitable company financial siattsmnts are not kn a8reemÈntith atcounikn8re¢ords and returns. or certaln d15closures of dlrectors. remweratlon speCd by law are not made: or we have not re¢el¥ed all the Infomiation and expl•)aiknis we rewtre for our dll. R•spon$lbllltles of trnsi As explatned more fulty In the trustees. respMs#)ilities siatement set out on page 11, the trustees (who are also the dlrertors of the parent tharltable Company for the purpose5 of company lèwl are responslble for the preparatlon of the finantlal statements and for being satisfied that they glve a true and fair view. and for 5uth lntemalc0ntr a5 the Irustee5 deterrnine 15 necessary lo enable the preparation of fmanaal Statements that are free fvom material misstatement. whether due to fraud or error. In preparlng the fin3n¢ial statements. the trustees are resmible lor assessw* the group's and parent charltable eompany's abillty to contlnue as a 8oing con¢ern, thsdosln& as applicable. matters related to 80in8 conwn and u4n8 the 8oln8 concern basis of a¢¢ountin8 unless the trustees either intend io bwidate the youp Or p¥eni charitable company or to (ee operations. or have no realistic altemati¥e but to do so. Audltorf5 r•sponsllHlltle5 lor lh• dIt of th• fftnanC ¥tTr•nts We have been appolnted audltor under the Cwanleg Acl 2(th and report In accord•KevAth thts Act. Ouf oblecllves are to obtakn reasonable assurance about whether the fina1?1 statements as a whole are free frorn malerial misstatemth)t, whether due to frau(J or error. and to Issue an audltorfs port that indudes our oplnlon. Reasonable assurance is a hl8h level of assurance. bJt is not è 8uarantee that audii conducted in a¢cordènce wilh ISAS IUKI will always dete¢1 a materlal misstatement when it exlsts. Misstatemenls can arise Irom fraud or elf and are cOnSered materlal il. Individually or in the a8gre8ate. they could reasonably be expected lo influen¢e the economi¢ decisions of users iaken on the basts olthese financlal statements. 13
SHEFAEiD THEATRES TRUST
INDEPENDEI4T AUDITORS. RepoRTTO TRUSTEES OF SHEFFIELD THEATRES TRUST lcont1}
The parent tharltable company tsmbject to lawsand re8110 ihai dirttty and Indkectlyafftct the thancial statements. Based
on our understandlng of the ch¥ity and the envwonment it operates within. we determined that the laws and regulations whkh
were nN)st $18ftlficant included FRS 102 and the CompaniÈs Aci 2(. We considered the emtent to which non-compliance with
Ihese laws and re8ulatlons ml8ht have a maierial effea on the financial 5ts1ements. inthdin8 fraud nmght occur. We
evaluated mana8emeni's In¢enti¥es and oswtunlties lorfravduleni mlPulatIon of the flfiancial st41ements {IAcludlne the risk
of override of contro151. and determined thal the principal rbsks werÈ related to the postin8 of iTrapproprlate ioufnal entrles to
improve the charltvs result for the period. and management blas In key accountsre esttmates.
Audit procedures performed by the eAeement team in¢kthd.
DiScl0n5 With mement and le$pSIble fN W tompliarKe pi¢xedures wlthln the pèrLMt charltable company
to obtaln understandingof the le8alaNI rwlatory 1mework appllcable to the charlty and howthe charlty complieswith
Ihat fiame•Kk. Induding wnider•kn ol kry•m or suspected instarKe5 01 non
SHEFFIELD THEATRES TRUST ACCOUNTING POUCIES The followin8 a¢counW poli¢ie$ have been used nsistenIty In with items whKh are cty)sidered maierial to Ihe companVs aflalrs. statutory Intrn•t10 SheIe1d Theat Trust is a chaF•ty INO. 2S73181 and a wany fThRed by @yarfee (No 9322541 domlciled In En8land and Wales. The re8iSt£fed office is at SS Norfdk Street. Shefheld. Sl IDA. Attountlng Con¥entlo The charity constitutes a pybllc benefrt entity as defired ty FR5 102. The finandal statements ha¥e been prepared in accordan¢e with Accounting and Reportin8 by Charities.. Statement of Retommend Practitt applitable to charities preparin8 their accounts in accordan¢ewith the Financial Reporting Siandard apph'cablein the UK and Republic Df treiand issued Oclober 2019, theFinancial Report&Standard applKable in the United Kingdom and Repubk of Ireland {FAS 1021. the Comparmes Act 2006 and UK Generallv Accepted Practi. The present•tlon currency bs United K@doM pouThts Sterfl wlwth Is the fwKtional currency of the tharitv. The financial statements have been prepared M a Wng Concern basLs assumes that the company wlll conllnue In operational existence for the foreseeable l¥ture. Basls of COnlIdatIon The group financlol statements comylse the finandal staiements of the (harlble corryjany and ils svb51dlarle5 made up to the end of the financral period and are ¢Msc4idated on a fme Ime basts In a¢cordan¢e with FASIO2. InwMI ft•50ur5 From G¢nrated Funds Volunlary Income primarily represent$ grants receivabk Re4er¥Je gfants are recognised at fair value when ihe company ha5 entitlement after arty performance conditions have been mei. it ts probable that Ihe irKcme will be received and the amouni can be measured reliabty. Grants to finance tapiial e¥penditUTe are tre(lited to restrlcted frjnds uslng the same crlteria as revenue 8Tanls. Incomln8 resources frt)m dritab actmties represent tick salts and relaied fees for performances conducted In Ihe year. Any tickets sold In advance are luded In cash and deferred Income. LeBacles are rew8ni5ed at i p(Nnt that t1 are quantifiable and thtte is reasonable certalnty that they will be recelved. On Ia$lOn le8acie5 wlll be notified to the Charlty IQ is not possl>le to measure the Thunt experted io be d15tributed. Charltabh AdlTAtles Charltable activities indude expenditure associated primarly with Theatre Produrtions and Learrwng actlvitles and include both the dlrect COSts and support costs relat8 to these actlvitles. oth•r Costs Other costs Intlude those Incurred in the Bovemance of the and irs asseis and are primarily assoclaied T•Ath conS1ilUtional and stalutory requlrements. Depreclatlon Long Leasehold property- This is deweciated In equal amual Instalments over the 99 year period of the lease. Short Leasehold property-Thls b depreclated In equal onrwal Inslalments o¥er the LO year period of the lease. Equlpmeni and fumiture-These are depreciated n equal annual insiahY*nts over their estimated useful Ilves which ran8e from 3 to 10 years. No deprecSation is provlded in the year ol acqu•sition. Is
SHEFFIELD THEATRES Tiiusr ACCOUNTING pouaES Icontinued) Inveslments kn Sybsklly Compw The Investments in the Whol owned subsidKary companies •revalued at cost less ary diminution In value, whieh In directors, oplnlon 55 not materlally different fr¢m market value Stocks siocks are valued at the lower of cost and net reallsable vaJe. Reser¥es Re5trfrted R¢nds- Amounts recelved to finance catal expenthture or•we a donty speclfies the precise purpose for thkch Ihe amounts donated must be used are (rediled lo Restri¢ted Funds. Depreciation on the as5etsfinanced bythe Restrfrted Fd5 ischJKed i&wectly tothetrICted Fund in theStatent ol Financial DeslDated Funds-Amounts that have been specified by TrUStt0 be used for a particular Pufptsse are Credited to t)esignated Fund5. This Indudes a sinking fvnd for untAanned major bulkllr4 repairs and rr¢h and developmertt workshop ICY new plays prior io full commisslonlfi& Also Snduded Ss the desi8nation of some of ihe5e funds lo a Productlon Reserve Audience DevelownÈnt fwd. Unrestrlcted Fund5- These are reser not desi8nated or res¢rKied for a spe1 oSe. Tlw ¥e available at the discreliDn of the Trustees for suth purpose5 as the Thealre rewke. TheTrustees' alrn 15 to malntaln wflldent unrestricted reser t¢ 5afe8uèrd the fInala1 viability of the Company. PMslon Costs Pefision costs charged in the financlal Stalennts reswesent thecontTibuti(X)s payable ty the company durln8 the year. The Trust Operat a defvd contri1 pensloft Kheme for efflployees. Renlals payable under operating leases arechar8ed in the siatement ol knandal Artr¥ryties in the year ln wNth they are Incurreil. Tamawon Theatre Tax Credits arSsin8 from ¢ore eXPeIlure on produrtlons have been accounted for In line wlrh the provisions of the Fin•n¢e kt 2014 at the applicable rate. Contern After due conslderatlon of all relevant factors the company's incorne a¥J cash flow fore¢asts and Ole¢ll5 dICate that the CO)Y Should be able tocontiNe to operate for the foreseeable future. The trustee5 thefefore ha4* a reasonable expecta that the has adequale resources ¢0 continue In operatlonal exlstence lor the fore5e&ible futurÈ. Attordith, c(tynDnue to adopl the golng concern basis in preparln8 the h"nandal statemenis. 16
SHEFFIELO THEATRES TrUST CONSOUDATED STATEMENT OF ANANCIAL ACTMThS YEAR ENDED 31 JULY 2024 2024 2023 Not•s Funds Funds Total Total In¢omlw resourtts Incomin8 resreeS from generated Ivnds: l)onatlon5 and legacies er trading a¢ti¥ities Investment Income In¢omin8 resources Irom charllable art14rfties Total Incomkn8 r•sourc•s L910.935 2.169,IXKJ 701503 10.210,196 14.991634 370.1 2.280.935 1169.( 702.$03 10,260.083 ISA12,521 1753,319 2.101,046 410.960 10.446.553 I5,71178 49J87 419A87 ftes0ur expended Ralslne funds Fundraisln8 tradln8: Cost of8oods sold and oiher c05t5 Charitable aalvilies Otr costs 22.981 22.981 23.406 2.188.324 12.945.846 28.350 .185JOi 2.188.324 13.455.383 28.350 15.695,038 2.024.862 13.496.165 28.000 15,571435 io li 509.537 Totsl resources expended $09,537 Net IOulpSn8lllncomlni Relr<e$ 119U67) 189ffj50) 1282,5171 139A45 Tax credil on ordinary activities Not Incofflln8 Resowees before transfers 777.896 585.029 777.896 495,379 799,620 939Jl65 189,6501 Translers between funds Net Movement In Funds 515.029 (89W) 495,379 939,065 Fund Balances brought fonvard at l August 5.466,450 5.643,450 11.109,900 10.170.835 Fund Balance5 Carrled Foard ¥t 31 July 12 6051,479 5,553AOO 11,605279 11,109,900 17
SMEFAELD THEATRes TRUST CHARrrABLE COMPA STATEMENT OF FINAt4aAL ACTiiimES IINauDING INCO AND EXPENDITURE ACC(XW YEAR ENDEO 31 JULY 20Z4 1024 2023 To Total Incomlng resources from 8*)eratln8 funds: Donations and legaths Other trading actmties Income ffom intercompany rechar8e5 Investment Income Incomin8 re59urce5 from charilable actlvltles Total Inromlry 678.034 32.S 4.676.514 168. 370.cw 1.048.034 32.500 4.676,514 168.844 1S7.976 32,5CM) 4,S37.859 131.813 562.685 49.887 612,572 676.259 6.118.577 419.887 6,538,464 5.536,407 R•sour¢es Eythlded Ra151 funds Charitable actl4ltles Other costs 22.402 5.433.575 18.250 S.474.227 21402 S.568.502 18.250 5.609.154 22,942 S,943,706 18,8CrfJ S.985.448 io 134,927 li Total resourctt eMp•bxled 134.927 N•1 Incomlryl(Oul8oltrwl fte$rtes 644.350 284.960 929.310 {449.0411 FWMI balance% broutht foTh¥ard at IAu8Urt 3.328.956 3.328,956 3.777.997 Fd balanAsc•rrfed lorn•ffd at 31 J 3.973.306 4.258,266 3,328.956 There are no recogntsed 8ains and1055es otherthan the results for the setw above. There b5 no dlfferen¢e bethen the amounts stated abts¥e and thew tr¥s¢or11 cost equivalents. 18
SHEFFIELD THEATRES TRUST COMPANY REGISTRATION NUMBE(1932254 8AiANCE SHEETS 31 JULY 2024 Motes 2024 2024 2D23 2023 Company Compa Group FIXED ASSET5 Tanilble assets Imiestments in subsidiaries 14 5515.853 5.687.628 15 90.234 90.234 90,234 .234 5.515.853 5.6B7,628 CUIiREP4T Awrs stocks Debtors 16 f(1.613 2,461.824 13.671,508 16.193.945 6J.116 1,592.182 14,462.423 16,115,721 17 1.294,508 6.912.764 .207,272 1,627.292 8.059.421 9,686,713 C05h at bank and in hand 18 CREDITORS Amounts falllng dve wlthln one year 19 {10.104.5191 14.039.240) 110.693,449) 16.447,9911 IIETCUPRENT ASSETS 6.089.426 4.168.032 5.422.272 3,238,722 NET ASSETS AL605279 4,24266 11,109,900 3,328,956 RESERVES Re51rlcted funds Des18nated fund General Fund 12 5.553.8(MJ 1.80S.013 4,246.466 11,605279 284.960 880.9 3.092,316 4258.166 5.643.450 1.618.768 3.847,682 11.109,900 636.768 2.692,188 JJ28,956 22 202¥ These linandal statemenis were apprgved auttKWi5ed for Issue by the board of dlre¢tors on .............. . ......... ................... and si8ned on its behalf by: Dame Julle A nnY CBE DL- Dlrector 19
SHEFFIELO THEATRESTRU5T CONSOUDATED sfATEMENT OF CASH FLOWS YEAR EIIDED 31 JULY 2024 2024 2023 11,242,221) 2.321.156 Cath flow Irom kweslkn8 •rtl¥ltl•s Capital expenditure Bank intefesi received 1251.1971 702.503 4SI.306 1689.1171 410,960 1278,157) Net eash Il¢Jwfrom In¥es¢kng artl¥ldes N•t {d•u•awVknvease In cash and <•sh •qulvaberts 1790,9151 2,042.999 Cash Jnd o5h equlvalents at l Awst 14.462.423 12.419.424 Cash and cash eoulvalents at 31 lY 13fi71.$08 14.461423 Cash at bank and li hand I371.508 14,462,423
SHEFSIELD THEATRES TRUST NOTES ON ACCOLNrs YEAR ENDED 31 JULY 2024 I DONATIONS ANO LEGACIES Sheffield Theatres fvndin8 to M•r¢h 2027 h•s been ¢onf¥med bykns C¢>uncil and Sheff*ld CSty COU11 fvnding 1$ tonfifmed to March 2025. Z DONATIOIIS AND LEGACIES 2024 2023 Cobyanv Group Companv UnT•5trfct•d Arts cou{1 ErN8land Sheffleld Clty Councll Arts Councll En8land - Ramps on the Moon Departmeni for Work Penslons- Access to Wtyk Directots Scheme IRTYDSI Glft AKI L>)3.415 291A33 1,303.416 291.600 479.251 11.240 2.918 44.783 1.766 2.918 43S.618 35.( The Mackintosh Fo)datIOn 35.IKKI The MackintQ5h Foundati¢)n- Reeional Theatre TecMK31 Apprentice Pro8ramme F¥ey Famlly Foundatbon HM Burdall Charity Sheffield Town Trust 30.355 30.355 3.5 L7CQ Sheffield Lyceum Theatre Trust Donatlons. Gifts and Le8acieS 164.749 1,910.935 164.lJ35 678.034 160,215 2.248,640 155,058 IS7,976 R•strfrt•d Arts Councll EnaThd Ramps on the Moon Esmee Fairbairn Ramps on the Moon Sheffield Lyceum Theatre Trust Arts Council England Small Capltal Fund Art$ Counctl En8land Kickstart GRI Group Ltd The Freshgate Trust Foundation JG Graves Chaiiiable Trust Shelfield Churth Burgesses Trust Sheffield Town Trust 280.IXX) 280.(Y)O 20,829 385.250 52.6C 20.IKKI 2,5CQ 5,000 11.500 504.679 Other Donation5 370.0 370.oc Tot•1 2.280.935 1,048.034 2,7S3.319 157.976 21
SHEFFIELO TTrUTRES TRUST NOTES ON ACCOUNTS l¢ontlMd YEAR E+40ED 31 JULY 2024 3 OTHER TRAOING AcnviriÉs 2024 2024 2023 2023 Companv Group Comp•ry Group Fundralng Tradin8- Offstage LlmSted (note 4a} Mana8em•nt Fees 1166.5LN) 2.098546 325 32.500 32.$00 32,51J) 2,169.OC 2,101,046 4 INCOME FROA• C1I4RITAUiE Acfm 2024 rP CoMny 2023 Z023 fyoup CompV Unr¢strl¢ted Tlcket and related sales 10.210.196 561685 10,446.553 676,259 ft•strlrt•d Rarnp5 on the Moontohort fees 49.887 49.887 Total lo.260,(3 612,572 10,446.SS3 676.259
SHEFFIELD ThEATRES TRUST NOTES ON ACCOUNTS (coThilnued) YEAR ENDED 31 JULY 2024 4a FuN(S•NG TRADING FR(Wa TRADIPK AclivfoF 5UOSWIES Offsta8e limited operates all non.prlmary purpose fthdrabslng aetMties withln the Crucible aNI Lyceurn Theatre Bulldings. It gives its taxable profits by way of &ft AKI to Group Companies. A summary of It5 trading results is show bel1)w. OffsIa Llmlt•d. Profit •nd L055 Aruwnt 2024 2023 Turnover 2.166XKJ 2,098,$46 Cost of Sales Dlstrlbuilon Costs Admknlstrailon Interest fte¢elvae Net Pfofit 1669.2791 1704.2901 1116,8591 27,409 703.481 1625,1021 1544.4841 173.9721 16,248 871,236 Retained earnln8s brought forward 871.236 236.437 Glft ald paymenis to Sheifiekl Theatres Trusi Retained in Offsla8e LlmSted 1871.2361 703.481 1236.437} 871,236 Cost of 8oods sold aThJ oiher costs Ided In ¢)lIted statemenl of financial activities.. 2024 2023 Group Group Cost ol Sales Dlstrlbuilon Costs 669.279 625.102 544.484 35.164 1.204,750 {8.6001 1.196,150 Admlntstratlon 36.859 1.410.428 I7.(} 1,403,428 Les5 amounts Induded in go¥ernan¢e¢osts 23
SHEFFIELD ThEATRES TrUST OTES ON ACCOUNTS (¢ontlnued) YEAR ENDED 31 JULY 2024 4b FUNDRAISING TRADING FROM TRADING AcfMYIÉS OF SiIBSKNA The aPiCation was made to Ctywafties Housefor re off and ds5dutk)n olcruolAe Enterprises Limlted on 20 September 2024. A sun¥n of Its IradibVA results Is shtr bel. 2024 2023 Twno¥er Cosl of Sales Distributlon Costs 7.912 128.4041 Adrnlnistrat)n Inter¥t Receblable Net loss 117.593) Retalned in Crucitle Enterpr15es Umlted 117.593} Cost of good5 sold and other costs inchJded in ton5ofthted stat•mnt of finantlal activities: 20 2023 Group Group Cost ol Sales Dlstribution Costs AdmiThstration 17.912) 28.404 20,492 Less amounts indvded In 8ovemance costs 20,492 24
SHEFFIELD THEATftES TRiIST NOTES ON ACCOUNTS l¢ontlny¢d) YEAR ENDED 31 JULY 2024 4e FUNDRAISING TRAOING FROM TRADIMG ACTMTIES OF SUBSIE$ Sheffield Crudble Productlons Lknlted acts asan agent facitbtalwy in¥estments in. ar produdn& tours productlon for the group company. A summary of ils trading results shovm below. Shefflfjld CrKhl• Producolons Lknlt•d. Prollt LossA¢cwnt 2024 2023 Produdion AThrtt Income 2,171,172 2,450.657 Cost of Sales Production Costs Staff Costs Administration {2362,4761 (681,1121 15,4801 {777,8961 12.338.1801 1906.7331 15.3641 1799,6201 Net Loss Tax Credit on Ordinary Activities Retained In Sheflield Crucible Produaior6 Limited 799,620 Cost of goods sold and other costs induded in consolKlated 5talement of fknanclal adlvitles: 2024 2023 Group Gmyp Cost of Sales Productlon Costs 1362.476 681,112 2,338.180 906,733 5,364 3.250,277 15,3501 3,244,927 Si)ff Cosis AdmlnlstratSon 3.049.068 15.4Crt)I 3,043.668 Less amounts Included In 8overnarbce ¢osis
SHEFAELD TMtATRES TRUST NOTES ON ACCOUIITS (contlnued) YEAR ENDED 31 JiILY 2024 S STAFF PARTICULARS ZOZ4 C4xnp•ny 2023 2023 Companv Growp 6rwp Staff cosls comprised.. Wages sèl¥hes Social 5ecuiity costs Pension costs 4.135.681 319.160 242.412 4.697.253 3.482.460 285.749 224.886 3.993.ry)s 3.796.481 287.117 213.415 4.297.013 3.C85.410 262,763 201,222 3.559.395 The average number offull-time e4uivalenQ lor the year was.. 2024 23 zy Group Companv Numb•r Mumb Gmyp Comp r14wnber Mana8ement. lthan¢e aNI lmknlstrion Proyankne. woducllon and lechnl& Education and 0reaCh Marketing and audlence development Maintenance. deanin8 and support service5 Caterin& bar5 and commerdal Front of house li li li li 62 60 25 25 25 25 25 26 25 5S $5 255 191 241 182 The fvll time equivalent numbef ofstaff who received emnts wi ex¢ess of£60.CW exduthng pen51on contributlons were as shn bdow: 2023 £60,0 . £69.999 £70.IJXJ. É79.999 £80.000 . £89,999
SHEFAELD THEATRES TRUST NOTES ON ACCOUNTS Icontlnued) YEAR ÉNDED 31 JULY 2024 6TRUSTEES' AIID KEY MANAGEMENT PER5014MEL AEPWNERATION AND EXPENSES One dlrector wlthin ihe group ts p £6.OCKJ12023: £6.c(Kil per as a consuttant to provide comrnerclal production advlce to the trust. Ourin8 ihe year the some dlrector received £3.219 Df Profit Share12023.. £2.1641. No remuneratlon was paid during theyear to any directors of the company tyother threctors of the 8roup. The total amount of employee benefits recewed by key manaBement person1 is £573.22412023: E546.9911. The company conslders its key mana8emenl pw%Jnnel comwise.. Chlef Executfve Cusityw EXKe Dirertor Finance Director Artistic Dlrector Deputy Chief Executive A550clate Artlstl¢ Direetor Operalions Director Producer Learnin8 & Ptption tir¢ctor' Communlcatbns Dkector role Induded in key mana8ement Pwsonnef from Isl Au8USt 2023. 7 14ET INCOMING RESOURCES 2024 2024 2023 2023 GrP Company Company Thls b ststed after charg1((1eItlngj. Audltors. remuneration as wdltors 40.750 421972 18.2SO 41.950 399.025 18,800 Oepreciitlon Operatin8 lease rentals- Land and buTrldings Other And after ¢rethtiNg: Interest receivable 60.076 6.196 86.058 6,677 6.1% 6,677 702.503 168.844 410.960 131,813 27
SNEFFIELD THEATRES IRusr NOTES ON ACCOUNTS (contlnuedj YEAR ENDED 31 IULY 2024 8 RECONCIiIATIOM (% IIEf INCOT0 NET CASH FLOW FRIXI OPEIIATING AcfMTIES Recondll4tlon of nel Incom] resource5 to net cash loutnowwinllcM fr*)m ¢perntln8 activities: 2024 2023 Grijup el incomln8 resources Bank Interest rec•vable Net lout8oln8lfin¢omin8 resources operatKms Oepredaiion Oecreasellincrea5el In stock Il#creasel/decrease in debtors IDecreaseifin(rease in creditors Net cash louifknv)finfflow from operatitw attiMtTres 49S,379 1702.503) 1207,124) 422.972 S03 1869.6421 IS88,9301 11.242.221) 939.065 1410.9601 528,105 399.025 137,7631 286.369 1,145.420 2321.156 9 COST OF IIAISIMG FUMDS 2024 2023 GMup Fundralslng 22.981 22.402 23.406 22,942
SHEFFIELD THEATRES TRUST NOTES ON ACCOUNTS (contlnued) YEAR ENDED 31 JULY 2024 10 EXPENDITURE ON CIIARITAOLE AcfiviTIES zo 2024 2023 Gnx4 lknip Campany Produdlon Costs Wages and salaTles Scenery. Costumes. matwia15 Production servlces Royalties and ¢ommissionin8 fees Additional dwectors.. des18ners' and other guests. fees. IndIct productlon consumables Mlscellar)euu5 C05t5 Education projecl staffing costs Education proiett costs WltIng($)mpanle$ fees other costs Re.¢har8e to ¢O-Pfoduters visiting companles Hlre costs 8.497 194.132 I54.543 103,963 8.497 11146 {13951 16,299 292.942 2.360,862 88.117 16,299 429 11.3691 79 143.101 128.377 103.035 18,360 55,(#]7 91.059 120,868 62.888 s.0722 1726.217) 1.686 17.572 120.868 229 S9.673 164,168 108,969 53,880 s.1,804 1806.6731 18121 30.094 108.389 4.459 85,343 111,887 Pro8ramme $t$ Llcence and subscriptions 29,991 1,953 7.012.587 29,766 1.350 431,169 51.525 969 49.606 7.594.570 311,061 5t•ff Cosos Stafflng cosls• Trainin& recrullment and other costs 3.461.420 35.647 3,497,067 3.461,552 27,220 3,488.772 3,104.938 33,164 3.138.102 3,104.468 24.757 3,129.225 Establlshment Costs Ren¢ rates and insurance Heat and power Electricity Repairs and renewals Waste disposal Depreciation 32131 57.116 252.175 312.612 38.084 374.610 1,356.428 316.199 89,431 222,507 229.223 31.639 337.949 1.226.948 32,810 66.822 86.923 107.14 119.633
SHEFFIELD TIUTRES TRUST NOTES ON ACCOUIITS (¢ontiNd) YEAR ENDED 31 JULY 2024 2024 20 2023 Gro¥p Coiyny Grwp Companv Sellth8Costs Publicity and advertising Box ofhce computer systans Tkket printin Miscemaneous sellin8 Costs Ciedit card commlsslon Telephone. postage. stationery and phot• Tra¥el and entertaning 545.916 104.216 539.198 119.216 574.085 82,921 11.85S 9.477 142.558 42.9S4 4.585 868,435 $88,501 97,921 11,8S5 9.237 150.940 46.441 2.945 859.695 9.321 150.940 44.603 2.532 865.810 142.S58 42.933 4.524 897.976 sUprt Costs Wages and salaries Trainin& recruiiment and other costs Depre¢lation Telephofte. $tage. stati¢wry and Fthotocopyi IT maintenance and peripP*rals Travel arKI entertalnln8 Professiona tharge$ 03nk thar8es LICen and subKriptions Miscellaneous 402.178 93.6SO 48.362 402.178 93.246 330,239 78.6% S8,570 16.664 76323 28,136 20,060 10,304 35.723 12,895 668.110 330,239 77.897 6.774 52,167 16,561 72.897 26.722 18,297 10.250 35.723 12.786 601,372 s2.1 24551 43.237 11.291 39.814 6.723 729.606 43.1 11.291 38.720 4.733 675.645 Iyonation to subsidlary thèrity 884.439 Total costs of chariiable actV4ilies 13A55.383 S,$68.502 13.4%.165 5.943.706 tyExpense headings include restrirted eupenditwe of: All tharitable costs are prlmailly lor Theatre PrI)j1 and Education ¥tNitie5 and thus al support costs are all¢xaied •5 such. 509,537 134.927 337,949 11 OTHER COSTS 2023 2023 Comp•nv Gro4> Clxnpany A1¢01$, remuneratlw: tharitable Companv 28.350 18.250 28,W) 18.800 Auditors, rernuneration for Oltstage Limlted and Sheffleld Crucibfe Prothclions Llmited are irKluded in note 4 and make up part of the cost of goods sold and other w5ts in the consolldaied stalement of financial activities.
SHEFFIELD THEATRÉS TRUST NOTES ON ACCOUNTS Icontinued) YEAR ENDED 31 JULY 2024 12 RESERVES Gioup At l Auffttyt 2022 Intomlr Resources Tf•sftts Al 31 Jwlv RUTRicfED cumulated Buildin8 FLd G¥field Wesion Culture Fund Capltal Redevelopment Fund IlymI Capital Redeveloprnent Fund (Crucible) Total Re5trkled Fund5 605.191 136,954 112.4341 127.3911 592.757 lo9.3 217,183 20029 1104,010 134.W2 4.332.953 48350 1194.114) 184.439 4.807.128 5292281 So479 1337,949) 184A39 5,643,450 UNRE5TRicfED General OesiBnated- 11$11¢ Research and Development Desi8naled- Mai¢v Repairs DesSgnaled- Audience Developrnent Designated- Produ¢tion Desl8nated- Special Projects Totsl Unrestrlcted Funds 3.801.219 I6.6.819 15.234,4841 172S.8721 3.847,682 226.335 (39.3351 187.0(X> 255.(xJJ 240.(KM) 495.orA) 165.207 165.207 300.000 1124,4391 1184N59) 3CKI.O)O 471.561 5,466,450 596.fy)0 4A78554 141>)6I19 (152540141 Total Fund5 lo.1705 16511.498 {15.572.4331 IL109.%0 31
SHEFFIEiD THEATRES TRUST 140TES ON ACCOUNTS (contlnued) YEAR ENOEO 31 JULY 2024 12 ReseRVts leonolNed) Atl Autyst Groyp Ouipl Transf•rs At 31 Juty 2024 RESWRILTED A¢cumulated Buildw Fund Ga¥fie Weston Culture Fund Ramp5 on ihe Moon Capltal RedlOpment Fund ILyUM) Capltal Redevelopment FwKI Icruclblel Total R•stfkled Funds 592.757 109.$63 1114341 127.3911 1134.9271 580.323 82,172 284,960 419.887 134.(X)2 1108,1751 25.827 4A07.J28 1226.6101 4.580.518 5A43h50 419 I50931) 53S3AOO ut4REsTricfED General Deslgnated Artistlc Aeseafch and Developmeni Oe5ignated. Ma)r Repairs Oesl8nated-Audience Development Desl8nated- Piod¥cti¢n Deslgnaied- Speclal Projects Oesignated- Emilvs Welcome T•tsl ilnr•strl¢ted F$ 3W7.682 15.770.530 115.170.215) 1201,5311 4.246,466 187.(XXI 187,tsJO 495.LlXI 165.207 {IL850) 13.436 (5L1981 57.658 431,952 219,429 300,tyJO 661,561 S,071 61151,479 471561 I,000 5,071 15.770,SYJ 115.185.5011 Totsl Funds ILA09.9110 16.190,417 (ISffi95m8) I1$.179 The accumulated l)uildin8 fund is nounts rKd¥ed to finat wnpr0vemts to leasehold premlses ind wrthase furnItre and equlpment The Gaffleld We51on culture lund 15 the lunds recelyed to flnaKe purthases oldl•tal equipment now capltal)sed. The capllal rede¥elopmeTht funds a for the re(k¥elopwt work on the Crucle a1 LeuM Theatres. The desi8nated fund for artistie re5earth & develo1 is for reseaffth and dlOpment ofnew plays and muslcals prior to full cMinsslonin8. The desvdnated fund for mr repairs and renew is a sltin8fund (or pnThed major repairs, In¥esim)t Into new equlpment OT the refurbtsh•Thent of the theatre. The productlon fuThl Is to supwl Kreased produuion costs. Emlly's wel¢ome fuNI has been set up in memory of our10m aNI Particyation mana8er. Emily Hutthinson. to support access to ovr Creaiive Engagement work The transler offunds beiween neral map)r repw$C1akn a transfer of £lSO,cKKJ from 8val funds to major repairs. and a transfer 01 £251.198 from malor repalrs to general lunds for the purchase of capltgl assds wh•ch IrlUde Ightln8 and sound vp8rades ond ad¥eiti5emq screens around theCruclAe Theatre.
SHEFFIELD THEATRES TRUST NOTES ON ACCOUNTS (contlnue41) YEAR ENDED 31 JULY 2024 12 RESEf¢vES Icontlnyedl C4Mnpany At 31Juty 202a Aesour Transfers UI4ftESTRKTED General De518na¢ed- Authence Developmeni De51gnated- Capital and Special ProSeci 3.18L997 5.536.407 15.985.448) (40,7681 2.692,188 165,207 165,207 596.( {124,439) 471,561 Totsl lffirstrlrtd Funds 3.777.997 s36.407 15,985.4481 3.328,956 Total Fund5 3,777,997 S36801 IS,5,448) 3,3Z8.956 Companv At >1 July 2024 2023 Tran5f•rs RESTRICTED Ramps on the Moon Totsl R•StrIrt Funds 419.887 4197 (134.9271 (134.9271 284.960 284,960 UNRESTRI General Desl8naled- Audlence Development De518n¥ted- Spedal Proiert T4)tal Unre5trfcted Funds 2.692.188 6.118.577 IS.470.7911 1247,658) 3,092,316 165.207 13A36) 57.658 219.429 471.561 3328P56 190.(MXJ 661.561 3.973306 6.118577 1SA74327) T•tal Funds 3328J56 538 15.609.1541 4258,266 The Aarw on the Moon restrirted fund is lor the cmtinuatknn of Ramps on the Moon to mainstream anti.ab1els1 practice and develop opporiunitie5 and equity for disabW people in the perfomiiny arts sector. The audi•)ce development fund Is lo8row and develop our audlences The sped* wolects fund Is tosupport or84$tn31 de•elopnn1 wolects includiw expansion of our work wlth children and youn8 people. and additi¢)nal irtvesiment into ted0108¥.
SHEFFIELD THEATRES TRUST NOTES ON ACCOUNTS (umtinuedl YEAR ENDED 31 JULY 2024 13 A14AIVSIS OF METASSETS 8ETWEEN FUNDS GrP Restrlctd Fwds 2023 Funds 202> Tot•1 2023 Tangible fixed assets Current assets Credltors 44.178 16,IIS,721 110.693,449) 5.466.450 5,643.450 5.687.628 16,115,721 110.693,449) 11.109,9 S.643.450 ft•strkntd Funds 2023 Funds 2023 Total Investment In Subsidiaries 9)234 9,686.713 16.447.991) 3,328.956 90,234 9.686,713 16.447,9911 3.328,956 Current assets Credltors ANALYSIS OF NEf ASSETS 8ETWEEN FUNDS Group Funds FuAds 2024 Total 2024 2024 Tan8ible fixed assets Current assets Cwieni Ilabllhtles 256.176 IS.89922 110.104,5191 6.051.479 5.259.677 294.123 5.515.853 16,193,945 (10.104.519) 11,605,279 5.553m> Company Fund5 2024 2024 Tan8ible fixed as5et5 vestnnt and subsidi Current assets Creditors 90.234 7.921312 14.039,2401 3.973.306 90.234 8,207.272 (4,039,240) 4.258.266 284.960 284,960
SHEFFIELD THEATRES TRUST NOTES ON ACCOiINTS Icontlnued} YEAR ENDED 31 JULY 2024 14 FIXED ASSETS- TANGIBLE Land and Equlpme GAQUP (io L•uehold) Total Furnllure At I Au8USt 2023 Addition5 Dtsposals At 31 July 2024 6,854,510 9.265.226 251.197 16.119,736 251,197 6W.S10 9.S16,423 16,370,933 At l August 2023 Charge for the year Dlsposals At 31 July 2024 1.998.672 126.943 8,433,436 296.029 10.432,108 422,972 1125.61S 8.729.465 10,855,080 Nei Boo Value Al 31 lY 2024 4.728.895 786,958 5.515,853 At l August 2023 4,855.838 831.79) 5.687.628 35
SHEFFIELD THEATRES TRUSV NOTES ON ACCOUNTS (contlrnd) YEAR ENDEO JI JULY 2024 IS INvesTMENT IN SUBSKIIAAIES Cowntry ol 2023 Offstage Limited (wholly ownedl Sheffletd Theatre5 Cruthie Trust (limited by gwanleel Clty olshetlldd Theatre Trust (limited by 8uar•wl Crucible Enterprlses Lirnited (wholly owned) Sheffield Cr¢1ble Produciitsns timited Iwholly •yawdl Eland 9).222 9D.222 ETr¥land England En8land io io 90.234 90,234 Sheffldd Theatres Cruclble Trust w35 incorporaled on 21 (lecem as è dHtitab Ilmlted by guarantee. It commenced opefaitons on 8 May 2007 when the owaiion of the Cructile Theaire was trsIerred from the company together wlth the related assets and restrKted 14Jnds. It is wmler thecmtrol of Sheffield Theatres Trust Is treated as a subsidiary. Clty of Sheffleld Theatre Trust was incorpwated 10 July 2IX)7 as athaiitabk limlted by Éuarèntee. It commenced operalSons on l August 2(K)7 when ihe operation of the Lyceum Theatre was Iransferred from the Company together wlth the related assets. It Is under the control of Shellkk17heatres Trust and is trealed as a sub5Kliary. 16 STOCKS 2023 Grwp Caterln8 supplies 60.613 61,116
SHEFFIELD THEATRES TRUST NOTES ChN AccouKfs (¢ontlnued) YEAR ENDED 31 JULY 2024 IY 8TORs. OUE WITHIN OIIE YEAII 2024 2024 2023 Group Company Trade debtors Other debtors Amount due from stA)sidiary cOmnieS Prepayments and ac(rued Income 452,449 958.367 314,043 3.$82 587.072 389,811 1,294.508 219.432 899,061 13,439 5,893 1,396,286 211,674 1,627,292 1.05L008 2.46L824 473.689 1,592,182 18 CASH AT BANK AND IN IIAND 2024 202> Gmup 2023 C<fftpanv Company Cash In hand Cash ai bank 17.980 13.653.528 13,671.508 810 14.666 14.447.757 14.462.423 i.iio 8,058,311 8,OS9.421 6.911.954 6.912.764 19CREDITORS- DUE WITHIN ONE YEAR 2024 2023 2023 Group Cryny oup Company Trade credlioF5 Other creditors Taxatltsn and sotial ulIty ArnOt due Io SUbdIary comwies Accruals and deferred income 63378 291,216 577.878 33.983 194.802 551,794 367.023 2.891.638 4.039.240 902.952 194.802 714,917 IL*,164 194,802 551,348 1,566.689 4.028.988 6,447.991 8.601.$47 10.104.519 8W.778 10,693.449 20TAXATION Ihe company is a register Charity al as such is not normaly f5able to corporaiion tax. There 15 a tax debtor of £777.896 12023.. £799,620) arlslng from Theatre Tax Relief introduced as part of the Finan¢e Act 2014 which is claimable as a Theatre Tax Credlt. The Theatre Tax Relief rate durlrythe yeay was 45 37
SHEFHELD THEATRES TRUST IIOTES ON ACCOUNTS Icontinued) YEAR ENOW ai JULY 2024 21 FINAt4QAL COMMITMENTS 2024 2023 Flnancial commitments due wilhln Thie yeir under operating leases'.- e wltNn l ¥•w other Land & Building5 Du• wlthkn 2 kn S years Othef Land & Bulhjlnas Dy• In ne than 5 y5 Land & 11 Grnup CtyTh)•ny 6.196 5.068 83.238 79.550 4.341 4J41 5.599 270,2fy) 5.599 1.169.621 1,513.9 1,233.171 1,597.276 10.537 10,667 22 DEANED CONThIBimoN PENSION PLAPI The company operates • defined contrlbudon pensK>n p*for Its ernPb. The amount retognbsed as an expense in the perlod was E24141212023: £225576). 23 IILTIMATE CONTROLLING PARTY The ultimate et)ntrollln8 party is thÈ board of directtys. 24 TftA14SXrnNS WITH ItELATED PART In acc¢Ydano wh FRS 102 pafJ8raph 33.IA the company has taken a¢trrfantaBe of the exemption from dbcloslr transartlons wlth Its parent cornpany and its felloWth0 0r subsidlary companles. Grants of£291.433 were e1ved from sheffld City Councl. Lease payments of£16.1MIO were made to the Sheffd Oty Council for the Crucible Theatre. Sheffield fjty CourK4 ha representatives on the bjard of twstees Gf Shelfleld Theatres Trust. Lease p•yrnents of £20,300 were made to the Lyceum Theatre Trust aThJ mana8ement fees were received ofÉ2.500. The City of Sheltw Theatre Trusi holds a 35 year lease of the Lyceum Theatre.