COMPANY REGISTRATION NO. 00998688
REGISTERED CHARITY NO. 262257
THE APOLLO THEATRE IISLE OF WIGHTI
TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE APOLLO THEATRE IISLE OF WIGHT) TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGE
CONTENTS:
Member5 of the Board and Professional Advisers
Trustees {Council of Management} Annual Report
Accountanfs Independent Examiner's Report
Statement of Financial Activities {incorporatlng Income and Expenditure Account)
Balance Sheet
Notes lo the Financial Statements
8-14
The following pages do nol fonn part of the financial slalements..
Details Staiemenl of Financial Activities
15

THE APOLLO THEATRE (ISLE OF WIGHT) TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS
Trustees
Chairman
Members of the Councll of Management
Mr P M Jennings
Mts A K Burns
Mr O J Burns
Mr P Cardew
Mr T D J Hilton
Mrs J Jones-Evans
Mrs G Kennedey
Mrs VA Orrey
Mrs S Paul
Mrs E MacKenzie
Mr R W Simpson
Mr G UThJeThvood
Mr M J Whitehead
Registered Offlce
Apollo Theatre
Pyle Streat
Newport
Isle of Vmght
P030 1JT
Company Registration Number
Charity Number
00998688
262257
Bankers
CAF Bank Ltd
25 Kings Hill Avenue
King5 Hill
West Malling
Kent
ME19 4JQ
HSBC Bank PIC
101 St James Square
Newport
Isle of Vmght
P030 1 HX
Lloyds TSB
22 St Thomas, Square
Newport
Isle of Imght
P030 1SQ
Solicitors
Glanvilles
The Courtyard. St Cross Business Park
Monks BrooK Newport
Isle of Wght
P030 5BF
Independent Accountants
Moore (South) LLP
9 Sl John's Place
Newport
Isle of Wight
P030 1 LH

THE APOLLO THEATRE (ISLE OF WIGHT) TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES {COUNCIL OF MANAGEMENT) ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees {who are aL80 dire¢tr)rs for the purposes of company lawl, have pleasure in presenting their
reFM)rt and the unaudiied finan¢ial stalemenls of the charity for the year ended 31 December 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Reference and administrative details are shown in the schedule of members of the board, and professional
advisers on Page 1 of the financi81 statements.
The Trustees
The Councll of Management at 31 De¢embgr 2023 was as follows:.
Mr P M Jennings (Chaimian}
Mr D J Burns
Mr T Hilton
Mrs G Kennerley
Mrs V A Ofrey
Mr R W Simpson
Mr M ￿ltehead
Mr M Clump (resigned March 23>
Mrs A K Burns
Mr P Cardew
Mrs J Jones-Evans
MTS E Mackenzie
MTS S Paul
MT G UndeNood
Mrs C Crump
Mr D Barnard
(CO+OPted 1111r231
(co-opted 11111231
(c04)pted 111 Ir231
(co-opted 11111231
(co-opted 11111231
(resigned March 23)
(resigned June 23)
Mr Jennings is also the Director of the Players so that position is not Co-opted.
Following agreement wilh the Apollo Players, the Tfust is in the process of converting lo a Charitable
Incorporated Organisation (CIO). A draft Consti￿110n for the CIO has been created and Trustees for the
CIO have been identified and co-opted onlo the TrusL
For the conversion to a CIO to be approved, the new trustees must be in place as trustees of the existing
Trust. The majority of the existing ttustees will sland down al the next AGM However. as the currenl
minimum number of trustees is seven, sufficient of the existing trustees $I￿Uld remain in place to meet
thal minimum requirement until the CIO conversion is approved.
Once the convers￿n is approved the new Trustees will be joined by four ex-officio members of the Players
executive committee. i.e. The Director, The Arts Manager. The Business Manager and the Operations
Manager.
srRUCTURE, GOVERNANCE AND MANAGEMENT
The charity {Ihe Trust) is constituted as a company limited by guarantee not having a share capital. The
objects for which the Trust is established are the promotion and encouragement of education In the arts
among the public. This includes the administration and maintenance of the Apollo Theatre silualed in Pyle
Street, Newport. Isle of Wght plus Ihe adjacent property 124 Pyle Street and an industrial uniL 11 Dodnor
Park, Newport, Isle of Wwht (the Unit). The theatre was constructed in 1804 as a Methodist Chapel, and
was listed as a Historic Asset Grade Il" in 1953 by the then Department of the Environment. 124 Pyle Street
is also li%ted as Grade11.
The Trust was originally the major shareholder in a separale company which owned the Apollo Theatre. In
2002. the Trust by gift arKI purchase acquired the remainder of the sha￿$ and. on winding thal company
up, took direct ownership of the Theatre buildings in Pyle Street. Thls acquisition is recognized in the Tnjst
accounts as a permanent endowment fund staled at the original book cost expended by the former
subsidiary company. In 2012 the Trust, with the aid of a mortgage, purchased The Unil lo free up storage
space in the theatre and provide an additional rehearsal area.
The Tmst is managed by the Council of Management which consists of belween seven and fifteen members
of the Trust elected at Annual General Meetings. Additionally. the Director of the Apollo Players may be co-
opted and from lime to b'me anolher, such as a Project Manager. may be co-opted.

THE APOLLO THEATRE {ISLE OF WIGHT) TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES {COUNCIL OF MANAGEMENT) ANNUAL REPORT
YEAR ENDED 31 DECEMBER 2023
OBJEcfivES AND AcfiviTIES
The Players, with the cooperation of the Trust. operate the Theatre in a professional manner. They provide
an annual season usually of seven drama productions drawing on all theatrical sources and styles. This
helps fulfil the objects slated above not only by promoting the performall￿S to the public but in educating
all who take part in the differenl skills involved on-stsge, off-stage. and front of house. No participant, except
th the occasional use of semi-professional musicians, is paid for hislher services. There is also a vigorous
and actnie young membeis group which proviées opportunities and instruction in dramatic art,. Ihey perform
in suitable main stage produclions. and they also stage their own devised work. Workshops are held on
various aspects of theatre. both acting and technical. The stage and technical facilities are increasingly
being hired out to visiting companies as well as local groups, often for the benefit of various charities, and
by local schools for their drama exams at times when the theatre and stage are not required for in-house
productions. The Newport {IOWI Jazz Club uses the theatre on a monthty basis. A Gateway group has
been fom)ed and meets every week to engage in play readings. poetry and singing. An Art exhibition is
mounted during each production.
Following the lockdown imposed as a result of the Covid-19 pandemic, the theatre re-opened in July 2021
and has continued to opgrale normally since with Covid pr￿aUtionS in place in line with govemment
guidance.
All materials used in sets and costumes and all other thealfe-related running costs are paid for by the Players
out of their box off￿e re￿ipts. The Trust pays for the major building overheads such as insurance,
maintenance, and improvements to the theatre's equipment and facilities which come under the heading of
capital expendriure.
In planning our activf(ies for this year, we kept in mind the Charity Commission's guidance on public benefil
at our Trustee meetings. The focus ofour activities remains the maintenance and development of the Apollo
Theatre's building and equlpment. This benefits the community of the Isle of Nghl through the provision
of cultural activities, adding to its education in the arts. A grant making policy for the Trust is in place,
offeTing financial assistance to Apollo member students occupied in full b'me study in any aspect of theatr8
WOTk. The grants are to be limited to the amount of interest that the Twst may earn on its funds or a higher
f￿Ure if agreed by the Trust.
FINANCIAL REVIEW AND RESERVES POLICY
Our major SOLsrce of funding continues to be the donation made by the Players of their surplus funds. A
mortgage for The Unil is held with HSBC. The loan repayments are paid, on behalf of the Trust, direedy
from the Players. funds. The accounts reflect the permanent endowment fund representing the original
book cost on acquisition plus additional works on the theatre by the Trust. During the lockdown varioug
grants were applied for and received to compensate for the loss of earnings.
The cash funds of the Trust are held with the Charities Aid Foundation (CAF) on current and deposit
accounts wh￿h carry slightly better interest than can be obtained from high street banks. A small account
is tnaintained with Lloyds handling the receipt of fvnd-raising activities.
The Trust generated a deficit on unreslricled funds of £(5.966) (2022 - surplus £3.508) based on income
from the Players. and investment income. The Endowment Fund which represents the Theatre building was
depreciated al £4.568 in the period.
The Trust has free reserves of £8.66712022 - £12,896) ￿presenting the unrestrlcled funds, less the fixed
assets, whilsttaking into consideration the endowment fund and loan. aswell as removing the Apollo players
debtor and designated funds. This represents 6-9 months of normal running costs, based on the 2023
accounts, and is considered a reasonable reserve by the Trustees.

THE APOLLO THEATRE (ISLE OF WIGHn TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
TRUSTEES {COUNCIL OF MANAGEMENT) ANNUAL REPORT
YEAR ENOED 31 DECEMBER 2023
PLANS FOR FUTURE PERIODS
Transition lo a CIO - the proposal will shortly be submitted to The Charity Commission for approval. Once
approved The Apollo Theatre Ilsle of Wight) Trust Limited will be wound up and the assets transferred to
the CIO with the prO[x￿ed title The Apollo Theatre (Isle of Wghll Trust (subject lo the agreement of the
Charity Commission).
An investigation is undei way to update the theatre's lighting system lo move away from incandescent lights
to the much more environmentally efficient option of LEDS which is now the standard for theatres This will
require replacement of all the theatre's lighting equipment and the associated wiring. This has become
increasingty urgent as the price of electricity has escalated to such an extenl thal funding from ihe resetve
has been agreed for implementation early in 2024.
Plans are in pla￿ tojoin the buildings in Pyle Street at first floor level, providing improved egress from
the theatre's balcony and additional bar storage area. As part of this work. a Gomplele set of digital plans
of the theatre were commissioned and used as the basis of current and fuiure development. Following
discussions regarding accessibility ihe plans have been modified to include a second accessible toileL
Planning pemisslon has already been granted and once Building Control have approved the plans, the
work will be put out to tendei.
There conlinue to be problems with the flat roof over the Dressing Room. Plans are being developed to
replace and improve the roof incorporating additional space for Wardfobe and Dressing Rooms. There is
an ongoing need for professional upgrading of the theatre's domestic electrical installation.
RESPONSIBILITIES OF THE TRUSTEES
The Iruslees are responsible for preparing the Trustees {Coun¢il of Management) Annual Report and the
financial slalemenis in accordance wlh applicable law and Uniled Kingdom Generalty A¢¢epted Accounting
Practice.
Company law requires the trustees to prepare financial slatements for each year which gwe a true and fair
view of the slate of affairs of the charity and of the surplus or deficit of the charity for that perKKI.
In preparing these financial stalemenls, the trustees are required to..
select suitable accounting policies and then appty them consistently
make judgements and estimates thal are reasonable and prudent., and
prepare the ffinancial statemenls on the ongoing basis unless it is inappropriate to presume that the
¢hanty will continue in operation.
SMALL COMPANY PROVISIONS
This report has been prepared in 2ceordance with the speaal provisions for small companies within Part 15
ofthe Companies Act 2006. In approving the Trustees, Annual Report, we also approve the Strategic Report
contained therein. in our capacty as Company Directors.
On behalf of the Board
Mr P M Jennings
Chair of Trustees
Date......25June 2024................

THE APOLLO THEATRE (ISLE OF WIGHD TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
CHARTERED ACCOUNTANTS REPORT TO THE TRUSTEES ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE APOLLO THEATRE (ISLE OF WIGHT)
TRUST LIMITED
YEAR ENDED 31 DECEMBER 2023
In order to assist you to fulfil yourduties under the Companies Act 2006, we have prepared for your approval
the financtal statements of The Apollo Theatre {Isle of Wight) Trust Limited for the year ended 31 De￿mber
2023. which comprise the statement of financial activities, balance sheet and the related notes from the
charity's accounting records and from information and explanations you have given us.
As a practising member firm of the Inslilute of Chartered knounlanls In England and Wales, we are subject
to its ethlcal and other professional requirements wh￿h are detailed at https:IAMv.kaew.comlregulation.
This report is made to the charity's trustees, as a body, in accordance with the temis of our engagement
letter dated. Our work has been undertaken solely to prepare for your approval the financial statements of
The Apollo Theatre Ilsle of Wight) Twst Limited and state those matters thal we have agreed to slate to the
charity's trustees, as a body, in thls report in accordance with ICAEW Technical Release 07116 AAF. To the
hjllest exlenl permitted by law. we do not accept or assume responsibility to anyone other than The Apollo
Theatre (Isle of Wight) Trust Limited and the charity's trustees as a body. for our work or for this reporL
It is your duty to ensure that The Apollo Thealre {151e of Imght) Trust Limited has kept adequate accounting
records and to prepare statutory financial statements that give a tnje and fair view of the assets, liabilities.
financial position and sur￿uS of The Apollo Theatre Ilsle ol Wght) Trust Limited. You consider that The
Apollo Theatre Ilsle of Wght) Trust Limited is exempt from the stalulory audit requirement for the year and
is not required to obtain an independent examinerfs report.
[IJLI L
Moore (South) LLP
ChartOTed Accountants
Isle of Wight

THE APOLLO THEATRE {ISLE OF WIGHT) TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
STATEMENT OF FINANCIAL ACTIVITIES {INCORPORATING THE INCOME AND EXPENDITURE
ACCOUNT)
YEAR ENDED 31 DECEMBER 2023
Total
Unrestrletod Endowment Funds
Funds
Funds
2023
Total
Funds
2022
Note
Income and endowmonls from:
Donations and legacies-
100 Club membership
2,007
2,007
2,250
Investment income- Bank interest
933
933
180
Incoming resour
From charitable activities
12,051
12.051
14,740
Other income
Total income and endowments
Expendlture on:
Raising funds- 100 Club prizes
15391
1539)
11,250)
Charitable actNities
Total expendlture
Ngt incomellexpondlture}
(5.498)
(4.568) (lo.1￿6)
{1,0601
TTan$for between funds
Not movement In funds
Reconciliatlon of funds
Total funds brought forward
151270
276 337
Total funds carried foThiard
145.772
271,769
417,541
427,607
The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of
total recognised gains and losses has not been prepared.
In the comparative year, all the income and expenditure related to unrestricted funds except £4,568 charged
to the endowment fund for deprecation under charitable activilies a5 explained in note 3. The comparative
surplus on unrestricted funds was £3,508 and deficit on endowment fund was 1£4.5681. Therefore no
¢omparaltve Statement ol Financial Activities is included with these a(￿unIs.
All of the above amounts relate to Continuing activities.

THE APOLLO THEATRE (ISLE OF WIGHD TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
YEAR ENDED 31 DECEMBER 2023
2023
2022
Note
Flxed Assets
Tangible assets
Current A8sèts
Debtors- Apollo Players
Prepayments
Cash al bank and in hand
13,906
4.384
11,415
349
Credltors- Amounts falling due wlthln one year
Accruals
Loan
I￿0)
(895)
Net current ass8ts11liabilities)
Total assets less current liabilltles
Credltors- Amounts falling due
after more than one year
Loan
437,430
449.347
Net assetsllllabilitios)
417,541
427,607
Charfty Funds
Endowment funds {permanent)
Unrestricted funds
271.769
145 772
276,337
151270
Total charity fundsl{defi¢il)
417.541
427,607
For the financial year ended 31 De¢ember 2023 the company was entitled to exemption under section 477
of the Companies Act 20LE ￿lating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in
accordance wtth section 476 of the Companies Act 2006.
The directors acknowledge their resF)onsibility for complying with the regul￿MentS of the Act with respe¢t
to accounting records and for the preparation of accounts.
These accounts have been prepargj In accordance with the provisions applicable to companies subject to
the small companies, regime.
These financial statements were approved and authorized for issue by the Board.
Slgned on behalf of the Board ofTmstees'.
Mr P M Jennings
Dale. .25June2024..............
The notes on pages 8 to 14 form part of these financial statements
Company Registration NUm￿r. 00998688

THE APOLLO THEATRE {ISLE OF WIGHTI TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
(a) General Inlormatlon and ba$ls of preparatlon
The Apollo Theatre (Isle of Wghtl Trust Llmited is a Charitable Comp8ny Limited by Guarantee in the United
Kingdom. In the event of the charity belng wound up. the liability in respect of the guarantee is limited to £5
per member of the charity. The address of the Tegislered office is given in the charity information on page 1
of these financial statements. The nature of the charity's operations and principal activities are the provision
and maintenance of a herilage theatre.
The charity constitutes a publi¢ benefit entity as defined by FRS 102. The financial statements have been
wepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practi
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 102) issued on 1 October 2019, the Financ￿1 Reporting
Standard applicable in the United Kingdom and Republic of Ireland IFRS 102), the Charities Act 2011, the
Companies Act 2006 and UK Generally Accepted Practice as it applies from 1 January 2019.
The trustees have taken advantsge of the exemptions from including a cash flow stalement in the financi81
statements on the grounds that the ¢harity is small.
The financial statements a￿ p￿Pared on a going concern basis under the hlstorical cost conventK)n,
modified to include certain items at fair value. The financial statements are prepared in sterling which is the
functional currency of the charity and rounded to the nearest £1.
The sunificant accounting policies applied in the preparation ofthese financial slalemenls are set out below.
These policies have been consistenuy applied to all years presented unless otherwise staled.
(b} Funds
Unrèstri¢ted funds are available for use al the discreb'on of the trustees in furtherance of the general
objectives of the charity and which have not been designated for other purposes. Monies raised by the
Apollo in respect of general development of the buildings have been treated as UnreStr￿ted funds. General
funds indude a designated fund for emergency repairs.
Deslgnated funds comprise unrestricled funds that have been set aside by the trustee$ for particular
purposes. The aim and use of each designated fund is set out in the notes io the financial statements.
Restrlctedfunds are fvnds which are to be used in accordance with specific restrictions imposed by donors
or which have been raised by the charty for particular purposes. The cost of raising and administering such
funds are charged against the specific fund. The aim and use of each reslricled fund is sel out in the notes
lo the financial staiements.
Endowment funds represent those assets which must be held permanentty by the charity, principalty the
book cost of the buildings previously paid for out of fund raising by the Trust. The buildings were original]y
held by The Apollo Theatre {Isle of Wghll Limited and were 18ken over by the Trust in place of the Trust's
shareholding In that company on ils dissolution. It is accounted for as a herita9e asset.
Income arising on the endowvr£nt funds can be used in aC￿rdan￿ with the objects of the charity and Is
included as unrestricted income. Any capital gains or losses arising on the investments form part of the
fund. Investment management charges and legal advice reLating to the fund are charged against the fund.

THE APOLLO THEATRE IISLE OF ￿GHT} TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEM8ER 2023
1¢) Income recognition
All incoming resources are included in the Statementof Flnancial Activities (SOFA) when the charity is legally
entitled to the income after any performance conditions have been met. the amount can be measured rellabty
and il is probable that the income will be received.
For donatH)ns to be recognised the charity will have been notlfied of the amounts and the settlement date in
writing. If there are conditions attached to the donation and this requires a level of performance before
entitlement can be obtained then income is deferred until those conditions are fulty met or the fuifilment of
those Gondilions is within the control of the charity and it is probable that they will be fulfilled.
Donaled facilities and donated professional seNices are recognised in income al their fair value when thelr
e¢onomic benefi't is probable, il can be measured reliabty and the charity has control over the item_ Fair
value is determined on the basis of the value of the gift to the charity. For example the amount the charity
would be willing to pay in the open market for such facilities and se¥vices. A corresponding amount is
re¢ognised in expenditure.
No amount is included in the financial statements for volunteerllme in line with the SORP {FRS 102). Further
detail is given in the Trustees. Annual Report.
For legacies, entitlement k8 the earlier of the charity being notified of an impending distribution or the legacy
being received. Al this point income is recognised. On occasion legacies will be notified to the charity
however il 15 not possible to measure the amounl expected to be distributed. On these occasions, the legacy
is Irealed as a contingent asset and disclosed.
Income from trading activities includes income earned from fvndraising events and trading activities to ralse
funds for Ihe charity. Income is received in exchange for supplying goods and sewvices in order lo raise funds
and is ￿e￿gnised when entillement has occurred.
Ir￿oMe from Govemment and other grants are recognised atfair value when the chaiity has entitlement after ary
perfomance conditions hava been met. it is probable that the income will be received and the amount can be
measuwd reliably. If entitlement is not met then these amounts are deferred.
(d) Expendlture recognltlon
All expenditure bs accounted for on an accruals basis and has been classified under headings that aggregate
all costs relaled to the category. Expenditure is recognised where there is a legal or constructive obligation
to make payments to third parties, il Is probable that the settlement will be required and the amount of the
obligation can be measured reliably. It is categoTised under the following headings..
Costs of raising funds in¢ludes costs relating to the 100 Club draw.
Expenditure on charitable activities includes maintenance and operation of the building- and
Other expenditure represents those items not falling into the categories at￿*Ve.
Irrecoverable VAT is tharged as an expense against the activty for whlch expenditure arose.
Grants payable to third parties are within the charitable objectives. vin)ere unconditional grants are offered,
this is accmed as 500n as the recipient is notified of the grant, as this gives rlse to a reasonable expectation
that the recipient will receNe the grants. ￿There grants are conditional relaling to performance then the grant
is only accrued when any unfvlfilkd ¢ondilions are outsKle of the control of the charity.

THE APOLLO THEATRE (ISLE OF WIGHT) TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
{•) Support costs allocatlon
Supwrl costs are those that assist the worf( of the charity bul do not directly represent charitable actbjities
and inGlude office costs. governance costs, administrative payroll costs. Where support costs cannot be
direcdy attTibuted to particular headings they have been allocated to Cost of raising funds 8nd expendi￿re
on charitable actNities on a basis consistent with use of the resgurces.
Fund-raising costs aTe those incurred in seeking voluntary contributions and do not indude the ¢osls of
disseminating information in support of the chariiable activities.
{fj Tanglble fjxod assets
Tangible ffixed assets are slated at cost lor deemed cost) or valuation less accumulated depreciation 2nd
accumulated impairment losses. Cost includes costs dire¢Uy attributable to making the asset capable of
operating as intended.
Depreciatron 1$ provided on all tangible fLxed assets. at rates ¢al¢ulated to write off the cost. less estimated
residual value, of each asset on a systematic basis over its expected useful life as follows..
Land
Freehold property
Plant and machinery
2% straight line
10% reducin9 balance
The Freehold propety has been separated from the land value and depreciated as above.
{gl Debtors and croditor¥ receivablelpayable wlthln one year
t)eblors and creditors with no stated interest rate and receivable or payable within one year are recorded at
trans￿li0n price. Any losses arising from impairment are recognised in expenditure.
(h) Loans and bomwlngs
Loans and borrowings are Initially recogniwj at the transaction price including transaction costs.
Subsequently, they are measured at amortised cost using the effective Inte￿St rate melhc4J, less
impairment. If an arrangement con5tilules a finance transaction it is measured at present value.
{il Conc8881onary loans
Concessionary loans include those re￿1vable from the Apollo Players which are interest free and are made
to advance charitable purposes for Apollo Players. productions. All loans are repayable on demand within
one year. the loan measured at cost, less impai￿nent.
io

THE APOLLO THEATRE (ISLE OF WIGHT) TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
U) Impairrnent
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each
balan￿ sheel date. If such indication exists, the recoverable amount of the asset. or the asset's cash
generab'ng unit. is estimated and compared
Ik) Tax
The charity is an exempt charity wthin the meaning of schedule 3 ofthe Charlues A¢t2011 and is considered
to pa5S the tests sel out in Paragraph 1 Schedule 6 Finance Acl 2010 2nd therefore it meets the definition
of a ¢haritable company for UK corporation tax purposes.
11) Going ¢oncern
The financial statements have been prepared on a going concem basis 88 the trustees believe that no
material uncertainties exist. The trustees have considered the level of fvnds held and the expected level of
income and expenditure for 12 months from aulhorlsing these financial Statements. The budgeted income
and expenditure is sufficient with the level of reserves for the charity lo be able to continue as a going
concem.
INCOME FROM CHARITABLE ACTIVITIES
Year to
31 August
2023
Yearto
31 August
2022
PLAYERS PRODUCTIONS
Players productions and other income
Production Gosts and expenses
64,433
50,593
(Defficilysurplus for pgriodlyear
12,062
14,784
AdjustnEnt in ￿Spect of mortgage paym8nt made by Players
11
12,051
14,740
The theatre is operated on a friendly arrangement wlh a related pafty,. the"Awllo Players Association.,
an unincorp)rated society, the members of which are all A$S￿late members of the Trust. Theatre hife
is charged to the Association and is equal to the profits made by the AssocFation in the year. They own
no equipment or other fixed a$sets', all such purchases being made by the Trust The Ass0¢iation's
accounts are made up to 31 August each year.
Income from charitable activities was solely attribvtable lo unrestricted funds.
li

THE APOLLO THEATRE IISLE OF WIGHT) TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
COSTS OF CHARITABLE ACThIITIES
2023
Unr8strletsd
Fund
2023
2022
Endowment Unrestricted
Fund
Fund
2022
Endowmont
Fund
Establishment- Repairs 8nd maintenance
Establishment- Insurance
Depreciation
Sundry
Bank charges
Grant
Legal ar¢d professional fees
Loan Interest
3.022
1.988
5.251
13
2,807
3,538
5,612
161
81
4,568
4.568
500
5.098
18,967
4.568
13,965
4.568
Govornance costs
Accountancy fees
983
19.950
4.568
15,117
4.568
STAFF COSTS AND PAYMENT TO TRUSTEES
No salaries or wages have been paid io employees, including the Counc￿ of management {truste8s).
during the year. Toial payments to senior management personnel was Nil (2022- Nil).
TANGIBLE FIXED ASSETS
Theatre
Land and
bulldlngs
storage & Other plant
rehearsal
and
buildlng machin•ry
Total
COST
At 1 January 2023
Addrt￿ns
285,473
99,939
104,887
490,300
At 310ecember 2023
285,473
99,939
104,887
490,300
DEPRECIATION
At 1 January 2023
Charge for the year
9,136
21,988
72,362
103,485
At 31 December 2023
13,704
23,987
75,614
113.304
NET BOOKVALUE
At 31 De￿rnber 2023
271,769
75.952
29,273
376,995
Al 31 Decemttr 2022
276,337
77,950
32,526
386,813
12

THE APOLLO THEATRE (ISLE OF WIGHT) TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
LOAN
The Trust has a loan in respect of the purchase of the storage and rehearsal building_ The repayments
have been paid in the year by the Players. The loan is secured on the storage building, which makes
up part or Freehold property.
2023
2022
Amounts due within one year
Jnounts due after more than one year
2,607
1.777
22,496
23.517
Ofthe amounls due. £13,937 (2021-£16.212) would be payable in nY)re than five years by instalmenls.
ENDOWMENT FUNDS
2023
2022
Tho Apollo Theatre buildings Pyle Street Newport
Pemanent endowmenis at 1 January 2023
Net movement in fund
276,337
280.905
At 31 Dècember 2023
271.769
276,337
UNRESTRICTED INCOME FUNDS
Balance at
1 January
2023
Transfer
between
funds
Net
Balance at
Incomlng 31 December
resources
2023
Designated general reseNe fund
General funds
40,000
111270
40,000
105 772
151,270
{5,498)
145,772
COMPARATIVE UNRESTRICTED INCOME FUNDS
Balance at
1 January
2022
Transfer
bgtweo
funds
Net
Incomlng
resources
Balance at
31 December
2022
Designated general reserve fijnd
General fvr¢ds
40,000
107 762
40,000
111270
147,762
3,508
151.270
The DesSgnated General Reserve Fund represents a sum set asKle to meet emergency needs such as
repairs or loss of in(x)me due to enforced closure of the theatre. The amounl of £nll {2022 - nil) has been
transfetred lo the unresifKted (Jesignated reserve lund in the year.
13

THE APOLLO THEATRE {ISLE OF WIGHT> TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
NOTES TO THE ACCOUNTS
YEAR ENDED 31 DECEMBER 2023
9. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible
Flxed assets
Net current Long torm
assets
Total
Endowmont funds:
The Apollo Theatre buildings
Pyle Street Newport
Designated repair fund
271,769
271.769
40,000
40,000
Unreslri¢t¢d in¢ome funds
105224
105769
Totsl Funds
376,995
60,434
(19,889)
417,073
COMPARATIVE ANALYSIS OF NET ASs￿s BETWEEN FUNDS
Tangible
Fixed assets
Net current Long torm
assets
liability
Total
Endowment funds:
The Apollo Theatre buildings
Pyle Street Newport
Designated repair fund
276.337
276.337
40.000
40,000
Unre8trtcted in¢om¢ funds
110476
111 270
Total Funds
386.813
62.534
(21,740)
427,607
14

THE APOLLO THEATRE {ISLE OF WIGHn TRUST LIMITED
COMPANY LIMITED BY GUARANTEE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2023
2023
2022
VOLUNTARY INCOME
100 Club receipts
D(Thtions
2,007
2,250
2,007
2,250
INVESTMENT INCOME
Bank interest recewable
933
180
INCOME FROM CHARITABLE ACTIVITIES
)Ilo Theatre Players
12,062
14.784
Adjustment in respect of mortgage payments by Apollo Players
(11)
(44)
Other inGome
TOTAL INCOMING RESOURCES
EXPENDITURE
COSTS OF GENERATING VOLUNTARY INCOME
100 Club prizes
539
1,151
COST OF CHARITABLE ACTIVITIES
Repairs and maintenance
Insurance
Legal and Professional
Grant
Bank charges
Lo8n interest
Depreciation
Sundry
3,022
1,988
5,098
500
60
3,035
5,251
13
2.807
3,538
81
1,766
5,612
161
GOVERNANCE COSTS
Accountancy fees
983
TOTAL EXPENDITURE
NET IDEFICITYSURPLUS FOR THE YEAR
15,498)
3,508
During the year capital additions of £Nil (2022 £1.1361 were irKurred in respect of the burfding and
equipmenL
This page doe5 not form part of the staiutory financial Statements
15