ROYALTY THEATRE SUNDERLAND
(Charity Number 258246)
ANNUAL STATEMENT OF ACCOU]YTS
YEAR ENDED 31 MARCH 2025

ROYALTY THEATRE SUNDERLAND
ANNUAL STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Contents
Plges
Tiwstees. repoTI
Independent exaininer's report
Sialement of financial activities
Ba19n¢e sheet
Notes lo tlie annual statement of accounts
8-14
The followin% poge does not form part of the
statutory accounts
Bar profit and loss aceount
15

ROYALTY THEATRE SUNDERLAND
TRUSTEES, REPORT
FOR THE YEAR ENDED 3J MARCH 2025
Reference and Administration Detalls
Patiojt:
D. Parfitt
BAFTA and Oscar Wimiing Film Producer
Triislees:
P. Reynolds
M. Waine
C. Kilvington
Chair..
A. Barella
Ai¥istic Dli'¢crtsr:
None at present
SecretBJy",
M. Waine
Treasiiwer:
C. R. J. Cl)apman. FCA
ReglsleredAddi'¢ss & Plftce of Biisines.s:
25 Tlie Royalty
Sundci'l8nd
SB2 7PP
Baiikei's:
Royal Bai)k of Scollgnd plc
l Rcdl)cuglis Aveniie
Edinbur81)
EH12 9JN
Solicitois:
Pet¢T Dunn & Co
20 Athenaeuin Str¢¢t
Siinderland
SRI IDH
liidepeiideiit Examiiier:
A. M. Henshaw FCCA
Torgerseiis
Cliartered Accountants
East Suile, Ground Floor
Avalon House
Si Catherine's Court
Sunderland
SR5 3XJ
Stutiis:
The Charity is registered witli the Charity Commissioners as number 258246.
Page I

ROYALTY THEATRE SUNDERLAND
TRUSTEES? REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Structure, Governanee And Management
Constliuiioii:
The Koyalty Theatre Sunderland ("Ihe Charity,) is incorporated linder a Constitution wl)icli sets oiit the objectives and
purposes of the Cliarily. The accounts coiiiply witli eiirrent statutory reqiiireiiients and tlie rcquireinenls of tli¢
Constitttlion. The ultimate responsibility for the manageinenl is vested in Ilie Truste¢s who delegate the management
to the Executive Cominill¢¢,
Ti'uslees:
The Constitution provides for a maximuin of foiir Trustees, such Trust¢es lo be noininaled by ll resolution of members
l an Ar￿Ual OT Special General Meeting of tlie Charity. Trust¢es hold offLce iinlil death, resignation, or reinoval froin
office.
Execiirfve Coifriiiiittee..
The Executive Comiiiitlee. to wliom tlie Trustees delegate tlie day to day managetnenl of Ilie Charity. comprises tlie
Cliainnan, Vice Cliainnan, SecTetary, Treasurer, Artistic Director, Iliree 'l'nistees, and s¢v¢n oil)er members all of
whoiii. willi the exception of Ilic T￿￿te¢s, are elected annually at tli¢ Annual General Meeting.
The Executive Coinmittee meets once a month Il)rougl)oul the year lo review, monitor and discuss Ihc affaii's of the
Cliarily. Sub-coinmittees deal willi certain aspects such as play s¢l¢¢tion, casting, production. and maTk¢ting reporting
to Ilie Exccutive Coiiiinittee.
Thc Ti'uste¢s woiild like to lake this opportunity lo thank all tli¢ ineinbers of the Execulivc Committee and the Sub
Comniittees for their cfforts durin¥ the year.
Relftled Purlies:
There are no fonnal links between the Cliarity and any other charities or organisations. However, the Cl)arity does
donate the lickets for th¢ first night of each inain theatre production (except ihe pan¢oiMim¢) to soine 9 or so cliarities
willi local represenlalion.
StaleiNeiits of n'iistee's Respoiiylblllilesfor ilie A¢¢oiiiits:
The Cliarities A¢1 201 I r¢quire5 tlie Trustees to keep proper books of aecoiinl with respect lo Ilie affairs of tlie Charity,
and (o prepare slaten1enls of account for eacli accounting period consisting of an incoine and expenditure account and
ll balance slieel. Tlie Trustees are also r¢sponsible for safeguarding Ilic Charity's assets, aDd hence for taking
reasonable steps for the prevention and detection of error, fraud and oilier irregularities.
In preparing tli¢ accounts tlie Trustees are expected to:
Sclccl suitabl¢ accountiiig policies and &pply them eonsi$tently'
Make.judgeinents and estimatcs Iliat are reasonable and prudent;
Follow the recommendations of th¢ Charity Commission and of the accoiinting profession with regard to fom
and content of Il)e accounts oi. lo disclose and explain any departures therefrom: and
Prepare Ilie accoiints on the going concern basis unless il is inappropriate to assume Ihal Ihe charity will be able
lo continue lo meet 118 ubjeclives.
Page 2

ROYALTY THEATRE SUNDERLAND
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Objectives and Activities
The objectives of the Charity are lo promole the art ol thania and to develop the public Appreciation therein, and
towards tliese piirposes, lo accept subscriptions, donalions. and gifts of all kinds. So as to achieve its objectives the
Cl)arity. tlirougli its Members, pcrfonns several amateur drama productions durin￿ the year eitlier in th¢ niain th¢atre
(capacity 216} or the studio theatre (capacity 60).
Income arises from niembership subscriptions, licket sales, sponsorsliip. donations. external hires of both the main
theatre and the sMdio theatre, raffles, entertaininenl and social evenings, sales of coffee. ice cream5. sweets and from
bar profits.
The Charity continually seeks sponsors for its productions and oppormnities for the external hire of both theAtres.
Aehievement and Performance
This Season. wewe successfully inodernised the theatre by updating Inany aspects, signiticantly improving
a¢ce55ibility for aiidieiices with additional needs. Expandin8 our technical capabilities hus been o major a¢hi¢v¢ment,
offering & widcr raiigc of lighting and audio options. This opens up new revenue streams Ilirough incoming hires and
traiiiing opportunities. Our volunteers continue to strive towards improving the Ihealre experience and all do this while
being conscious of the positlve impacts on our audiences, whilst concentrating on keeping Gost minimal.
We Continue to advertise the theatre lo new audiences and potential new members. This is done Ihroughoui the
coinmunity and in rollaborution will) oilier draiiia groups in the wider Sunderland area. We are committed to
Continuous learning and collabvralion lo eiisur¢ Ilic on8oin8 su¢cess of The Royally Theatre.
Publlc Benefit Statement
The Irusi¢es have had regard to the Charity Conimission guidaii¢e on their legal diity on public benefit, and are
salisficd Ihal tlic cliarity delivers public benefit. and duc regard is paid to the guidance on publi¢ ben¢fit wli¢n d¢¢iding
on what new projects the ¢h&rity should undcrtake.
Financlal Rtvleiv
Resei'ves:
The Financial resiilts for the year to 31, March 2025 show a profit on unrestricted reserves of £1,675 {2024..
Profit £3,807} Of this profit £ 7,349 (2024: £7,671) related to bar activities, meai)ing that the Theatre losl
£5,674 (2024,. £3,864)
Diiring the year essential repairs were caiTied oiil to the toilets iii the foyer whicli a¢coiinted for tlie loss
above.
Page 3

ROYALTY THEATRE SUNDERLAND
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
In the corniiig financial year, we are refurbishing the baT top at a cost of around £ 1000 and installing new
hand 17ils on the sleps inlo the auditorium at a cost of around £500. We had intend¢d to install a riser lift into
the foyer, but the costs of this w¢r¢ prohibitive. Our inteiition during the closed season in August is to
redecorate the public areas of the theatre and carry Oiit any repair work needed. Wc will also be iipdating
some of oiii. older tccli eqiiipment. As always we try to maintaiii the theatre in good ord¢r.
We hope that oiir audieiices are iit last start111g to increase and Iiad a sell out for our Musical 'The Wedding
Singer" on the last night in June 2025.
At the end of the financial year the bank reserves were £106,815 (2024 £98,426) and total r¢serves to cany
fonvard wcrc £310,314 (2024 £308,639) We hope to use some of tliese reseNes to iipgrade the décor and
tecli equipment. The Royalty Th¢atr¢ reserves policy is well Inet with rcscrves.
Rlsk Asse$5111eiit.'
The Tru51ees assess Ili¢ in8jor risks to whicli the Charity 18 exposed on a Continual basis ELnd are satisfied that the
administrative, inv¢stiii¢nt and financial procedures which are in plthce miniittise the risk of any loss to the Charity.
Signed on behalf of the Trustees
M. Wain¢
Seeretary
Dale..
Page 4

INDEPENDENT EXAMINER'S RFPORT TO THE TRUSTEES OF
ROYALTY THEATRE SUNDERLAND
I report lo the trustees on my examination of the financial stateinents of The Royalty Theati'e Sunderland ('the
Charity,) for the year ended 31 March 2025.
Responsibilities and basls of report
As the trustees of tlie Cliarity, you are responsible for the preparation of tlie financial statenient$ in accordance with the
requireinents of the Charities Act 2011 ('Ihe Act.).
I report in Tespect of my examination of the chariiy's financial statements catried out under section 145 of the 2011 Act
and ii) carying out Iny exan1ination I have followed all tlie applicable Directions given by the Charity Commission
uiider section 145(5)(b) of Il)e Act.
Independent exAmincr's stAtement
I liave completed my ￿aMination. I contirm that no inalerial matters have come to my &tt¢ntion in connection with the
examination giving me cause to believe ihat in any iiiateriAI respect:
accounting records were not kept in respect of th¢ charity as required by seclion 130 of the Act: or
2. the financial slaleinents do not accord wilh Ih05e records. or
3. the financial slaleiiienl8 do Trol coinply with the applicable requireinenls concerning 11)e fonn and coiitent of
accounts set out iii Il)e Charities (Accounts and Reports) Regulations 2008 oih¢r than 8ny requirement iliat the
accounts givc a 'lrue and fair, vicw which is not a matter considercd as parl of an indcpendent exaiiiination.
have no conccrns aiid have con1c aeros8 nu othcr maller$ iii connection with tlie examination to wliicli attention
should b¢ drawn in this report in order to enablc a propel. under51andiiig of Ilie accounts to be reached.
A. M. l.lenshAw FCCA
Torgersens
Chartered Accountants
EASt Suito, Ground Floor
AvAlon House
St Catherine's Court
Sunderland
SR5 3XJ
Date: la1g/zg
Page 5

ROYALTY THEATRE SUNDERLAIYD
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
Total
Funds
2025
Total
"unds
2024
Unrestricted
Funds
Restrlcted
Funds
Notes
INCOME
Don741ions. legacies and similAr incoming resources
343
343
6781
Income froin cliarilable activities
Tlieatr¢ receipts
Bar sales
Otlier income
47,711
20.516
1,875
47.711
20,516
1,875
37,865
18.988
5,121
Incoiiie from investinenis
1,391
1,391
1,457
TOTAL INCOME
LL36
EXPENDITURE
Expeiiditure 01) charitable activilies
Theatre running costs
Cost of rnnning bar
Odicr expenditure
54,647
13,167
2,347
54,647
13.167
2.347
51,751
11,317
3337
TOTAL EXPENDITURE
Net Incomel(expendlture)
1,675
1,675
3,807
Transfer between ￿ndS
Net movement In funds
1675
Funds brought fonvgrd at l April 2024
270,973
37,666
308,639
304,832
FUNDS CARRIED FORWARD AT 31 MARCH 2025
T1￿ notes Set out on pages 8 to 14 forn) pBrt of Iliese accotsnis
P¥Jg¢ 6

ROYALTY THEATRE SUNDERLAND
BALANCE SHEET AT 31 MARCH 2025
Notes
2025
2024
FIXED ASSETS
Tangible assets
12
199,853
206,460
CURRENT ASSETS
Stock
Debtors and prepayments
Casli at bank
Cash in hand
1,930
4,910
106,815
344
1.275
4.786
98,426
280
104 767
13
14
15
CURRENT LIABILITIES: amounts fAlllng due
wlthin one yellr
Creditors and accruals
16
NET CURRENT ASSETS
TOTAL ASSETS
FUNDS
17
Restricted
Unrestricted
dcsi&mated
general
37,666
37,666
199,853
206,460
270
The accoiints were ttpproved b the Trustees on &. t .2S
and sign¢d on their
¢half
Chair
A. Barella
Secretary
M. Waine
Treasurer
C. R. J. Chapman
Th¢ notes set out on pages 8 to 14 fonn of the¥0 accouThls
Pag¢ 7

ROYALTY THEATRE SUNDERLAND
NOTES FORMING PARI. Oli 'l'HE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
Basis ol'Pi-eparalion
These accounls have been pr¢par¢d iind¢r tlie liistorical cost convention and in accordanc¢ with..
Ih¢ Stateinenl of Recoinmended Practice.. Accounting aiid Reporting by Cliarilies preparing their
accounls in accordai)ce with the Fiiian¢ial Reporting Standards applicable in tlie UK and Republic of
Ireland (FRS 102) effective l January 2015 (SORP 2015)
tlie Financial Reporting Standard applicable in tlie UK and R¢publi¢ of Ir¢laiid (FRS 102)
tlie Cliarilies Act 2011.
Tl)e accounts are prepared in sterling. wliich is the functional currency of the charity. Monelary gmounts
in these accounts are rounded to th¢ nearest £.
The principal accounting policies adopted are..
Accountlng for Income
Cosh donations, legacies. income from production8 in tenns of ticket sales. bar incoine, memb¢rship
subscriptions and other iiicome are treated as income in the year in wliich Ilicy are received. In¢oxn¢ tsom
the sale of coffees, ice crcaiiis, sweets, raffles and Il)eatre and sttidio hire are iiicliided in the stat¢inenl of
finoncilll acLivities. net of directly related expendilure. in ilie yeAr to wliicli they relate.
Income from Investmenls
Bunk iiileresi is included in tlie Statement of Financial Activities on Ilie accrnal's basis,
b)
Expendlture
All rcvcniic cxpcndimre is accountcd for wl)cn iiiciirred. Ixpendittire i'elalingy lo specialist activities or
proj¢cts is sliown uiidcr Charitabl¢ Activities. Expcndilure rclating to thc gcncral ninning of the charity
and to adhere to laws and regulations is sl)own under other costs.
Fixed assets
Fixed assets are Staled al cost less deprccialion.
Depreciation is provided on the tangible fixed assets, at the following rates, bascd on the cstiinated ugeful
life of these fixed &ssets and their antlCiP2ted re$idulll value=
Freehold the&tr¢
New bar
Bar fixtures and fittings
Tlieatre fixllires and fiiiings
Teclinical fixtures
2 /9 5traiglil line
loo/
slruiglit line
l 01)/tr straight line
l O /0 Straight line
l O /0 Straight lili¢
d)
Bar stocks
Bar stock is valued at th¢ lower of cost and net realisable valiie. Cost is d¢t¢rniin¢d on a first-in, first-out
basis. Net realisable vtslue is based on estimated selling price, less any further cost of realisation.
Page 8

ROYALTY THEATRE SUNDERLAND
NOTES FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES (Continued)
Fuftd5
Funds held by tlie charity 8re used for..
Unrestricted fiinds comprise those funds which the twstees ar¢ free lo use in accordance
with the churitable obj¢¢lives.
Designated funds are unrestricted thnds eAmArked by th¢ tNstees for particular piirposes.
Reslricted fiinds llre fi]nds whi¢h are lo be used for specific purposes as laid down by the donor
or by specific tern)s of the app¢al under which Ilie tunds are raised. Expenditiire whicl) Iiieels
this criteria is charged lo Ili¢ fund, with a fair &llocalion of management and support Costs.
Going concern
The trustees consider tl)at tliere are no inaterial uncertainti¢s over the charfftty's ability lo
continue as a 80ing coiic¢rn.
DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES
R¢strl¢ted
Unr¢stricted
riunds
Total
Funds
2024
2025
2025
Donations
Leggcies
343
102
6,679
Income for the year cnd¢d 31 March 2024 consisted of £Nil Un￿strICted fiinds
Unre$tri¢ted Unrestrlcted
Funds
Ilunds
2025
2024
INVESTMENT INCOME
Bank interest (gross)
Unrestrlcted Unreytrlcted
Funds
Funds
2025
2024
THEATRE RECEIPTS
m￿nberShIp subscriptions
Ticket sales {nel of commission)
Hire of main Iliealr¢
3.618
36.068
3.800
29,560
Pagc 9

ROYALTY THEATRE SUNDERLAND
NOTES FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Unrestrieted
Funds
Funds
2024
OTHER INCOME
2025
Eiitertainment ¢ominittee
Insiiranc¢ monies received
Net in¢om¢ from sale of sweets
Coffees. ice Gr¢ams and raffl¢ tickets etc
33
17
3,277
THEATRE RUNNING COSTS
2025
2024
Production ¢o$ts
Royalties
Piiblicity (net of grants)
Wages and cleaning
Rep&irs and renewals
liisurance
Prinliiig, postage and slationery
Rates and council lax
l.Leai, ligl)t and water
Tclcplione
D¢pr¢ciation
LTG coiifereiicc costs
Bank cl)arges
Suiii up char8e$
Website
Scripts iiel of Sales
Donations
Loss on disposal of a5s¢IS
TV Licence and Software
2,010
3,136
811
12,486
5,946
5,712
280
1.028
9,271
609
11,067
357
359
440
16
543
1,510
1,830
1.199
11,352
4,898
5,351
182
973
10,506
477
10,775
445
359
65
488
1,039
258
318
Tiieatre ninning costs We￿ £54,647 (2024: £51,751) of whi¢li £54,647 was unrestricted (2024: £51,751) and
£nil was restricted (2024.. £nil).
Unrestricted Unre5trlcted
Funds
Funds
2025
2024
COSTS OF RUNNINC BAR
Cost of bar sales
Expenses
Depreciation of fixtures and fittings
12,222
737
208
10,313
796
208
Page 10

ROYALTY THEATRE SUNDERLAND
NOTES FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
Unres¢ritted Unrestritled
Funds
Funds
2025
2024
OTHER EXPENDITURE
Subscriptions and licences
Sundries
Professional fccs
AGMICliristmos rcfreshmcnts
473
124
1,750
1,608
39
1,650
40
EMPLOYEES
During tlie current and preceding year Tlie Royalty Theatre employed no key management personnel.
During the current aiid preceding year the Royalty 'fhealre employed oiie member of staff.
The employee hAs had no employee benefits in excess of £60,000 (2024.. £nil).
10. TRUS"fLES
No Trustee received oi. is due to receive any remuneration or reinibursement of expenses directly or indirectly
from the cl)arity funds.
11. TAXATION
The charity Co1￿lderS ils activities lo be exeiiipl from coryoration tax by virtu¢ of Section 505 of the Income and
Corporation Tllxes Aet 1988.
12. TANGIBLE FIXED ASSETS
r(rechold
Theatre
TeehnlcAI
Equlpment
New Bar
Theatre
Bar
Total
Cost
At l April 2024
Addilion5
Disposals
At 31 March 2025
227,184
7,784
112.618
4,855
42
13,016
71
3,465
364,067
4,926
LJA
Depreciation
Al l April 2024
Charge for y¢ar
Disposals
At 31 March 2025
57,417
4,544
7,783
81,942
5,384
685
8,114
1,139
2,351
208
157.607
11.275
976
Net Book Value
At 31 Marcli 2025
Ai 31 March 2024
Pagell

ROYALTY THEATRE SUIYDERLAND
NOTES FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 1025
13. DEBTORS AND PREPAYMENTS
2025
2024
Other debiors
VAT
157
1,015
738
1,016
1,291
Prepajrynents
14. CASH AT BANK
2025
2024
Royal Bank of Scotland plc
15. CASEI IN HAND
2025
2024
Theatre float
Bar
314
30
250
30
16. CREDITORS Amounts f*lllng due
wltliln one year
2025
2024
Other creditors and accruals
Page 12

ROYALTY THEATRE SUNDERLAND
NOTES FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
17. FUNDS
Blfwd
@ 01.04.24
Balance
@ 31.03.25
Income
Expenditure Transfers
Unrestricted Funds
Designated
Capital account
206,460
(10,299)
3,692
199.853
Gen¢ral fund
Total Unrestricted Funds
Restri¢t¢d Funds
Refurbisliment fui)d
Total Funds
FUNDS- prlor y¢ar
Blfwd
@ 01.04.23
Balanee
@ 31.03.24
Income
Expendlture Transfers
Unrestrlcted Funds
D¢sTgi)atsd
Capital account
189,141
(10,983)
28,302
206,460
General fiind
0 212 IS1422)
L13
Total Unrestrlcted Funds
Restricted Fiinds
Refiirbishm¢nt tund
Totsl Funds
The capital account represents the net book value of tangible fixed assets Iield al tlie balance sheet dale. Transfers
represent the movement in a5set5 during the year.
The restrECted refurbisknnent fund represents donations and gryants received from fundraising undertaken
specifically for refurbisl)ment plans.
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Restricted
Unrestricted
General
Designated
Total
Fixed assets
Net current asseis
199,853
199,853
110,461
37,666
72,795
P&ge 13

ROYALTY THEATRE SUNDERLAND
NOTES FORMING PART OF THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS (continued)
ANALYSIS OF NET ASSETS BETWEEN FUNDS- prior yeAr
Restricted
Unrestricted
General
Designated
Total
Fixed assets
Net current assets
206,460
206,460
102,179
37,666
64,513
Page 14

ROYALTY THEATRE SUNDERLAIYD
BAR PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
SALES
20,516
18,988
DEDUCT: COST OF SALES
Siock at l April 2024
Add: Purchases
947
986
12
13,597
11,260
Less: Stock at 31 March 2025
GROSS PROFIT
(40.40/0)
8,294 (45.6 /)
8.675
DEDUCT: EXPENSES
Tumblers
Wastage
Cleaning & slalionery
167
133
437
155
128
513
7,557
7,879
DEDUCT: DEPRECIATION
Fixtures and fittings
208
208
NET PROFIT
Page 15