Commi4ion
ROYALTY THEATRE SUNDERLAND
(Charlty Number 258246)
ANNUAL STATEMENT OF ACCOUNTS
YEAR ENDED 31 MARCH 2024

ROYALTY THEATRE SUNDERLAND
AY4NUAL STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
CDnt¢ttts
Pages
Tn￿s, report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the annual statement of acCO￿ts
8-14
The followlng page does not form part of the
Statutory ac¢ount5
Bar profit and loss ￿OUnt
15

ROYALTY THEATRE SUNDERLAND
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Reference and Adminirtration Detai
Palron:
D. PaTfitt
BAFTA and oscar Winning Film Prtsjucer
Trustees:
P. Reynolds
M. Waine
C. Kilvington
Ch4ir.'
A. Barella
Artistic Direelor:
H. Bowie (Resigned 2810712023)
Secrelary:
M. Waine
Treasurer:
C. R. J. Chapman. FCA
R¢gis¢eredAddress & Pl4¢e ofBusiness:
25 The Royalty
Sunderland
SR2 7PP
Bankers:
Royal Bank of Scotland plc
l Redheugbs Avenue
Edinburgh
EH12 9JN
Soltciiors:
Peter Dunn & Co
20 Athenaeum Street
Sunderland
SRI IDH
Independent EYami*er.
A. M. Henshaw FCCA
Tor8ersens
Chartered Ac￿UntantS
East Suite, Ground Floor
Avalon House
St Catherine's Court
Sunderland
SR5 3XJ
si4lus-
The Charity is registered with the Charity Commissioners as number 258246.
Pag¢ I

ROYALTY THEATRE SUNDERLAND
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Structure, Governan¢e and Management
Contsts'lulion:
The Royalty Theatre Sunderland ("the Charity") is incorporated under a CoDstitution which s¢ts out the objectives and
purposes of the Charity. The accounts comply with current statutory requirements and the requirements of tbe
Conslitution. The ultimate responsibility for the management is vcst¢d in the Trustees who delegate the manag¢m¢nt
to the Executive Committee.
Trmstees:
The Constitution provides for a maximum of four TTUStees, such Trustees to be nominat¢d by a resolution of m¢mbers
at all Annual ot Special General Meeting of the Charity. Tn￿*¢$ hold office until deatl T¢$ignation, or removal from
office.
Eyecutlve Compnittee."
The Executive Committee, to whom the Trustees delegat¢ the day to day management of the Cjwity. comprises the
chairnia￿ Vice Chairman, Secretary. Treasurer, Artisti¢ Director, three Trustees, alld seven oth¢T m¢n]bers a]1 of
whom, with the exception of the TTUStrKs, are elected annually at the Annual GenerAI Meeting.
The Execub'v¢ Committee meets once a month throughout the year to review. monitor a))d disc￿$$ the affairs of the
Charity. Sub-conmiittees deal with certain aspects such as play selection. castingj productio￿ and Marketll￿ reporting
lo the Executive Committee.
The Trustees would like to take this opportunity to thank all the members of the Ex¢cutive Committee And the Sub
Committees for their efforts during the year.
RelutedParties:
There are no fomal links betwttn the Cl￿rity atxl any other charities or org8nisations. However. th¢ Charity does
donate the tickets for the first rright of each main theatr¢ production (except the pantomime) to some 9 or so charities
with local rq)T¢sentation.
Smiements olTrMst¢e's Responsibilitiesfor theAccoMnts:
The Charities Act 2011 requires the Tn￿te¢S to keep proper books of ￿0￿￿t with respect to the affairs of the Charity,
and to prepare statements of account for ea¢h accounting period consisting of an income and expenditure ￿COUnt and
& balaDce sheet. The Tn￿te¢S also responsible for safeguarding the Charity's assets. and hence for tsking
reasonable steps for the preventt'on and det￿tion of error, fraud and other irregularities.
tn preparing the accounts the Truste¢s are ¢xp¢cted to:
S¢l¢d Suitable Accounting policies and apply them consistently.
Make judg¢nwits and estimates that ar¢ r¢asonable aDd prudent"
Follow the recommendations of the Clwity Commission and of the ￿countIng profession with regard to fomi
and content of the accounts or to disclose and explain any departures Iher¢fri)rn' and
Prepare the accounts on the going concern basis unless 1¢ is inappropriate to assume that the clwity will be able
to continue to meel its objectives.
Pag¢ 2

ROYALTY THEATRE SUNDERLAND
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
Objecdves and Artivlties
The objectives of the Charity are to promote the art of drama and to develop the publi¢ appreciation therein, and
towards these PUTPOSeS. to accept subscriptions, donations, and gifts of all kinds. So &s to achieve its objectives the
CbaTity, through its members, perforn)s several amateur drama productions during the year either in the main theatre
(capacity 216) or the studio theatre {capacity 60).
Income arises from membership subscriptions, ticket sales, sponsorship, donations. ¢xt¢rnal hires of both the main
theatre and the studio theatre, raffles, entertainment and social evenings, sales of coffee. 1¢¢ ¢r¢ams, sweets and from
bar profits.
The Charity continU￿lY Seeks sponsors for its pr(Mluctions and opportunities for the external hire of both theatres.
Achlevement and Perforniance
We hav¢ perforn)ed a diverse variety of plays tl)is year which has introducgd some new actors to our th¢atr¢.
Audiences for both the mustc tttght and pantomime were again excellent and this provides the main reveDU¢ for the
th¢atre. Our n￿1n stage productions have b¢¢n acclaimed for the actors performance and we have seen improved
audience numbeTS, but still not back to PTe-¢ovid l¢v¢l5.
We held the Dwham and Sunderland One Act drama festival at the end of Febnwy which saw six entrie8 from I{￿81
th¢atre groups a5 well as our own enty, a veTsion of 'Far From The Madding Crowd.. This brought in a different
audience which w¢ hope has showcased our theatre.
2025 sees us celebrnte l(Kl years ai our present location. We are hoping to put on a s¢l¢¢tion of the plays that we have
previously perfornjed over th¢ coming two seasons, such as 'Private Lives, and June 2025 will see perforni 'The
Wedding Singtt, musical. which will also be showcased durlng the National Little Th¢atre Guild conference also
being held at our theatre.
We look forward to another sU¢¢¢$$fi￿ y¢ar and hope to see our audiences again. We look forward to s¢¢in8 YOU
Publi¢ Benefit Statement
The trustees have had regard to the ChaTity Conllnission guidance on their legal duty on public benefit, alld #re
satisfied that the charity delivers public benefit, and regard is paid to the guidance on public benefit when deciding
on what new projects the ¢haTity should undertake.
FlnanclAI Revlew
Reserves..
The financial results for the year to 31 MaT¢h 2024 show a profit on unrestricted reserves of £3,807 (2023: Loss
£17.923). Of this profit £7.671 (2023: £6.051) T¢lai¢d to the bar activities, meaning that the theatre made a small lo&$
for the year of £3,864 (2023: £23.974). There has bttn a large ￿sItIve swing during the year of the theatre's
profitability.
During the year we used £22.32] on the construction of att accessibility toilet from funds rcc¢ivcd from Catherine
Cookson which had b¢¢n held on deposit until we were ready to complete the proje¢L This eXp￿dIt￿re has been
another 8l¢p forward in making our theatre accessible lo all.
Next y¢ar we plan to iJ)stall a riser lift so that it will make it easier to take people into dLe auditOTium rdther than th¢
cu￿ent steps. which can be an issue. We will again use the balance of the Catherine Cookson money to fund this.
Membership income has reduced again this year, we think that it is due to lower audien¢¢ numbers. meaning there is
always room to sil, so no need to book seats in thrance even if they got one play for free. We are looking to
rest￿¢t￿re our membership sch¢m¢ to m&ke il more enticing and provide rnOTe benefIts for members.
Page 3

ROYALTY THEATRE SUNDERLAND
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
At the ¢nd of the last financial year we changed gas provider for the theatre and this bas significantly reduced our bills.
Bank re8erves at 31 March 2024 were £98.426 (2023.. £114,695) and total Te5erYes to cany forward were £308,639
{2023.. £304.832). The Royalty Theatre reserves policy is well met with r¢serves.
Ruk Assessment..
The Trustees assess the major risks to whi¢h the Charity is exposed on a continuaL basis and are satisfied that the
admiDistrativ¢, investment and financial procedu￿$ which are in place minimise the risk of any loss to the Cl)aTity.
Signed on behalf of the Trustees
M. Waine
Se¢ret8ry
Date:
Pag¢ 4

INDEPENDENT EXAMINER?S REPORT TO THE TRUSTEES OF
ROYALTY THEATRE SUNDERLAND
I report to the trustses on my examination of the financial ststements of The Royalty Theatre Sund¢Tland (*h¢
Charity,) forthe year ended 31 March 2024.
Responslbllltles and basts of report
As the tsustees of the charity, you are responsible for the preparation of the financial stst¢m¢nts in accordanrK Ivith th¢
requirements of the Charities Act 2011 {'the Act.).
I report in respect of my examination of the charity's fmancial stal¢ments CWTi¢d out und¢r section 145 of th¢ 2011 Act
and in carying out my examination I have followed all th¢ applicable Directions given by the Charity Commission
under s￿tIOn 145(5)(b) of the ACL
Independent e￿Miner'S statement
I have completed my examination. I confimi that no material matters have come lo my attention in connection with the
examination giving m¢ Cause to believe d￿1 in any Mat￿la1 respect..
. a￿oUntIng re¢4)rds were not k¢pt in tespe¢t of th¢ ¢lwity as required by section 130 of the Act. or
2. the f]nancial statements do nol accord with those reconts. or
3. the financial statements do not comply with the applicable requirements conc￿]ng the forni and ¢ont¢nt of
accounts set out in the Clwities (Accounts and Rq)orts) Regulations 2008 other than any requircm¢nt that the
accounts give a ,tn￿ and fair. view which is not a matter consid¢red as part of an independent examination.
I have no concerns and have come across no other matters in connection with th¢ exgmination to Nvhirh att¢ntion
should k drnwn in this report in Order to enAbl¢ a proper undwstanding of the aecounts to be reached.
A. M. Henshaw FCCA
Torgersens
Chartered A¢￿￿￿tants
East Suitfy Ground Floor
Avalon Hou%e
St Catherine's Court
Sllnderland
SR5 3XJ
Date: Oz 1071
Page 5

ROYALTY THEATRE SUNDERLAND
STATEMENT OF FINANCIAL AcfiviTIES
FOR THE YEAR ELYDED 31 MARCH 2024
Total
FuDds
2024
Total
Funds
2023
Unrestricted
Funds
Restrieted
Fvnds
Notes
INCOME
Donations, legacies and similar incoming resouTces
6.781
6,781
17
Income from charitable activities
Theatre receipts
Bar sales
Other income
37,865
18,988
5,121
37,865
18,988
5,121
37.290
17,988
2.839
Income from investments
1,457
1,457
526
TOTAL INCOME
70
EXPENDITURE
Expenditure on charitsble activities
Theatr¢ running costs
Cost of running bar
Other expenditure
51.751
11.317
3.337
51.751
11.317
3,337
62,562
11,937
2,084
TOTAL EXPEY4DITURE
Net Incomel(eIpenditure)
3,807
3,807
(17,923)
Transfer between fijnds
22,321
{22,321)
Net movement in funds
Funds brought forward at A April 2023
244.845
59,987
304,832
322.755
FUNDS CARRIED FORWARD AT 31 MARCH 2024
The notes set out on page5 8 to 14 forni part of these acwunts
Page 6

ROYALTY THEATRE SUNDERLAND
BALANCE SHEET AT 31 MARCH 2024
Notes
2024
2023
FIXED ASSETS
Tangible assets
12
206,460
189.141
CURREY4T ASSETS
Stock
Debtors and prepa￿nents
Cash 8t bank
C&qh in hand
1,275
4,786
98.426
280
986
3,468
114,695
180
13
14
15
li
CURRENT LIABILITIES: amounts falling due
withfin olle year
Creditors and accrLthIs
16
NET CURRENT ASSETS
115691
TOTAL ASSETS
17
R¢5tri¢tcd
Unrestricted
- designated
- g¢n¢ral
37,666
59,987
206,460
189,141
270 973
The accounts were approved by the Tn￿eS on ts llo l ty
and signed on their behalf b
A. Barella
Secretary
M. Waine
Treasurer
C. R. J. Chapman
The notes set out ori page5 8 to 14 forni part of these accounts
P88e 7

ROYALTY THEATRE SUM)ERLAND
NOTES FORMtNG PART OF THE ACCOUNTS
FOR THE YEAR DED 31 MARCH 2024
ACCOUNTThG POLICIES
Basis ofPrepurnrion
These accounts have Ixen Prepar￿ under the hisloricol cost ¢onvention and in accordaw¢ with:
the Statement of R￿9mmeDd¢d Practice: Accounting and Rep)rting by Charities preparing their
counts in accordance with the Financial Reporting Standards applicabl¢ in the UK and Republic of
trcland (FRS 102) ¢ff¢ctive l January 2015 (SORP 2015)
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
the Charities Act 2011.
The accounts are prepared in sterling. which is the fimctionaI aurency of the charity. Monetary amounts
in these accounts Are rounded to the rJ¢arest £.
The Principal accounting p)lici¢s adopt￿ are..
Accounttng for in¢ome
Cash donations. legacies. income from prod￿tiOnS in tern￿ of ticket sales. bar income, membersbip
subscriptions and other income are treated &$ income ill the year An which they are received. Jn¢ome from
the sal¢ of coffees, ice creams, Sweets, raffles and theatre and sttjdio hire are included in the statement of
financial activities, net of directly related ¢xpenditure, in the yw to which they relate.
Income from Investments
Bank interest is included in the Statement of Financial Activities on the a¢¢n￿l'S basis.
b)
Expenditllre
All rev¢nu¢ expenditure is accounted for when incurred. Expenditure relating to specia]ist activities or
projects is showD under Charitable Activities. Expenditure relating to tk general nmnin8 of the cltsrity
and to ailhere to laws and regulations is shown under other costs.
Flxed assets
Ftxed assets are slat¢d at C05t l¢ss depreciation.
Depreciation is provided on the tangible fLxed assets. at the following rntes. based on the estimated useful
life of thes¢ fixed assets and their anticipated residual value..
Fffehold theatre
Newb
Bar fixtures and fittings
Theatre fixtures and fittings
Technical fixtures
20/ty straight lin¢
IO/ straight line
l 0/0 straight line
IOO/o stralghi line
IOO/o straight line
d)
Bar stoeks
Bar stock is vajued at the lower of cost and net realtsoble v&lu¢. Cost is detennin¢d on a first-in, fnt-out
basis. Net realisable value is based on estimated selling price, less any further cost of realisation.
Page 8

ROYALTY THEATRE SUNDERLAND
NOTES FORMING PART OF THE Accouwrs
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUIYTING POLICIES {contiDued)
Funds
Funds held by the charity uwl for..
Unreslricted fimds comprise those fund5 which th¢ tn￿tee$ are free lo use in accordaJ)ce
with the clwitable objeclive5.
Designated funds are unrestrict¢d fiujds by th¢ trustees for particular pwposes.
Restricted fillmts are funds which aT¢ to b¢ used for specific purposes as laid down by the donor
or by specific ternis of the appeal under which the funds are raised. Expenditure which meets
this criteria is charged lo the fund, with a fair allocation of management and support costs.
GolDg concern
The trustees consider that there are no material uncertainties over the cl)arAty's ability to
continue as A going ¢onc¢rn.
DONATION& LEGACIES AND SIMILAR INCOMING RESOURCES
Restricted Unre5trirted
Fllnd8
2024
Total
Funds
2023
2024
Donations
Legacies
102
6,679
17
Income for the year ended 31 March 2023 ronsist¢d of £17 unrestricted funds
Unrestrlcted Unrestrlcted
Fundg
Funds
2024
2023
INVESTMENT INCOME
Bank intertst (gross)
1.452
Unrestrieted Unrestricted
Funds
Funds
2024
2023
THEATRE RECEIPTS
Membership subscrlptions
Ticket sales {net of commission)
HiTe of main the&tr¢
3,8
29,560
3.725
29,205
Page 9

ROYALTY THEATRE SUNDERLAND
NOTES FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Unre5trirt¢d Vnregtricted
Funds
Funds
2024
2023
OTHER INCOME
EntertaI￿ent committee
Insurnnce monies Teceived
Net income from sal¢ of sw
Coffees, ice creams and raffle tickets etc
17
3,277
1,726
THEATRE RUNNING COSTS
2024
2023
Production costs
Royalties
Publicity (net of grants)
Wages and cleaning
Repairs and renwals
Insurance
Prtnting. postage and ststionery
Rates and council tax
Heat. light and water
Telephone
Depreciation
LTG conference costs
Bank charges
Sum up charges
Website
Scripts net of sales
Donations
TV licence and sotiware
Loss on distrf)sal of assets
Flowers for foyer
Worldpay charges
1.510
1,830
1,199
11,352
4,898
5,351
182
973
10.506
477
10,775
1,724
4,045
2,378
10,167
7.153
5.545
374
1.157
15.088
543
9,802
143
411
298
607
615
1.590
294
475
134
19
445
359
65
488
1,039
302
Theatre rullning costs weTe £51,751 (2023: £62,562) of which £51,751 w&s ￿￿estrICted (2023: £62.562) and
£nil was r¢stiiGted (2023: £nil).
Unrestrlcted Unrestrfttted
Fllnds
Funds
2024
2023
COSTS OF RUIYNING BAR
Cost of bar sales
Expcnses
Depreciation of fixbjres and fittings
10,313
796
11,138
591
208
Page 10

ROYALTY THEATRE SUNDERLAND
NOTES FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Unrestricted
Funds
Funds
2024
2023
OTHER ExPE￿,D1TuRE
Subscriptions and licences
Sundries
Professional fees
AGMIChrAslmas refreshments
1,608
39
1,650
285
54
1,715
30
EMPLOYEES
During the curyent and preceding year The Royalty Th¢atr¢ employed no key manageEnent personnel.
I)urin8 the c￿￿ent and preceding year the Royalty Theatre eniployed one member of ststy.
The employee has had no employee benefits in ex¢ess of £60.(M)0 {2023.. £nil).
10. TRUSTEES
No Trustee received or is due to receive any remun¢Tation or reimburSeM￿t of expenses directty or indirectly
from the chaTity fun(L8.
11. TAXATION
The charity considers its activities t4) be exempt from ¢on)orntion tsx by virtue of Sertion 505 of the ]ncome and
Corporation Taxes Act 1988.
12. TANGIBLE FIXED ASSETS
Freehold
Theatre
Ttthnlcll
Equipment
New Bar
Theatre
Total
Cost
At l April 2023
Additions
Disposals
At 31 March 2024
204.863
22.321
7,784
106.730
5.888
12,923
93
3,465
335.765
28.302
Depreciation
At l April 2023
Cbarge for yellr
Disposals
At 31 March 2024
52,873
4.544
7.783
76,866
5.076
6,959
1,155
2.143
208
146,624
10,983
Net Book Value
16
At 31 March 2024 ￿7
At 31 March 2023
Pagell

ROYALTY THEATRE SUNDERLAND
NOTES FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
13. DEBTORS AND PREPAYMENTS
2024
2023
Other dcbtors
VAT
1.016
1291
136
3,053
279
Prepajinents
14. CASH AT BANK
2024
2023
Royal Bank of Scotland plc
15. CASH IN HAND
2024
2023
Theatre float
230
50
280
130
50
16. CREDITORS . Amoullts filling due
wfthln oDe year
2024
2023
Other creditors and a¢¢n￿lS
VAT
2.588
3,621
17
Page 12

ROYALTY THEATRE SUNDERLAND
NOTES FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
17. FUNDS
Blfwd
@ 01.04.23
Balance
@ 31.03.24
Income
Expendlturt Transfers
Unrestrlcted Funds
Designated
Capital account
189,141
(10.983)
28,302
206.460
General fund
981
Total Unr¢strict¢d Funds
Restricted Funds
Refurbisllment fund
Total Funds
70
FUNDS _prior year
Blfwd
@ 01.0422
BAlxllce
Income
Expendltsre Trxnsfers
@ 31.03.23
Unrestricted Funds
D¢sipted
Capitsl account
184.532
(10.485)
15.094
189,141
General fund
78
Total Unrestricted Funds
244
Restricted Funds
Refurbishment fimd
Total Funds
The capital account repre8¢nts the net book value of t￿gible fixed assets held at the balan¢¢ shcct datc. Transfers
repreS￿t the movement in L8sets during the year.
The r¢stii¢t¢d refi￿b1$hmettt fimd represents donations and grants received fr{￿ll fLllKIr￿g undertaken
specifically for refi￿bIShrne￿t plans.
18. A￿'ALYSIs OF NET ASSETS BETWEEN FUNDS
Re%trlct¢d
Unre5trlcted
General
De8ign4ted
Total
Fixed assets
Net current assets
206,460
206,460
102.179
37,666
64,513
Page 13

ROYALTY THEATRE SUNDERLAND
NOTES FORMING PART OF THE Accouwrs
FOR THE YEAR ENDED 31 MARCH 2024
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS {contillued)
ANALYSIS OF NET ASSETS BETWEEN FUNDS- prior year
Restrlcted
Unrestricted
Gentral
Designated
Totsl
Fixed assets
Net current assets
189,141
189,141
115,691
59,987
55,704
55
Pog¢ 14

ROYALTY THEATRE SUNDERLAIYD
BAR PROFIT AND U)SS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
SALES
18.988
17,988
DEDUCT: COST OF SALES
Siock at l Aprit 2023
Add: Purchases
986
608
11260
12.124
Less: Stock at 31 March 2024
947
986
GROSS PROFIT
{45.5•/
8,675 (38.10/0)
6,850
DEDUCT: EXPENSES
Thmblers
Wastage
Cleaning & Stationery
155
128
513
796
591
7,879
6.259
DEDUCT: DEPRECIATION
FixtUT¢S and fitting$
208
208
NET PROFIT
Page 15