Roglstered Charlty Numbor 262257
Charltabl• Incorporatod Organlsatlon
THE APOLLO THEATRE (ISLE OF ￿GH￿ TRUST
TRUSTEES ANNUAL REPORT AND
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED
31 DECEMBER 2024

THE APOLLO THEATRE {ISLE OF WIGHT) TRUST CIO
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
PAGE
Trustees. Annual Report
Independenl Accountsnts Report
R￿1p1S and Payments Acthunt
Statement of Assets and Liabilibes

THE APOLLO THEATRE (ISLE OF WIGHn TRUST CIO
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 310ECEMBER 2024
TRUSTEES. ANNUAL REPORT
The Trustees have pleasure in presenting theff reptyt and the unaudlled finanoal slalements of the charity for the
period ended 31 December 2024.
REFERENCE AND ADMINISTRATION DETAILS
The principal address of the chaiity is:
Apollo Theatre. l¥e Street. NewporL I￿e Of￿￿ht. P030 1JT
Tha Trustees
The Board of Trustoes at 31¥1 December 2024 was as follows:.
Mrs Liz Mackenzie
Mr Geoff UndeNood
Mrs G Kennedey
M5 Julie Jones-Evans.
Prof Phil Cardew
Ex-offi¢io'. Mr S J Reading
MrDJBums
Readin9
Miss V Cook
Following agreement wth the Apdlo Players the TnJst converted to a Charitable Incorporaled Organisalion {CIOI c
23rd July 2024. thus merging the activities of the Trust and The Players inlo a single organisation. Future accounting
yeaTS will change lo 31* August in order to ￿ing tho accounts ￿ h.ne with the Apollo PLgyers season.
STRUCTURE, GOVERNANCE AND MANAGEMEKr
The objects of the CIO remain as prevityJs yeats under Trust which are the promo1￿1 and encouragement of
education in the arts among the put￿lC. This indudes the administralion and maintenance of the Apollo Theatre situated
in Pyle Street. Newport. Isle of Wrght plus the adjacent propety 124 W Street and an industrial unit. 11 Dodnor Pak.
Newport. Isle ol Wight (thg Unil). The theatro 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 Street is also listed as Grade 11.
In 2012. the TnJ51 purchased The Unil to Iree up storage space in the theatre and provmye an additional rehearsal area.
The Unit 1$ still under mortgage.
Upon transitioning to a CIO the Trust eeased lo be a limtted wnpany and is henceforth known as the Apollo Theatrg
Trust (Isle of TKight) with the working tiue of Apolk* Theatre Players.
The CIO is govemed by four elected ex-officio trustees by Ihe membership arKI overseen by five cTropled trustees.
Trustees will rotate retsremenl by 113rO each AGM.

THE APOLLO THEATRE {ISLE OF WIGHT) TRUST CIO
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT (contlnued)
OBJECTIVES AND ACTIVITIES
The Players now operate the Theatre in a profess￿al manner. They provide an annu81 season usually of seven drama
productions drawing on all theatrical sources and styles. This help5 fvlfil the objects staled above not only by promoting
the perfomiances lo the public but in educating all who take part in the drfferent skilts invoFved ofvslage, off-stage, and
front of house. No participant. except with the occasK)nal use of semi*professional musicians. is paid for histher seivices.
There is also a vigorous and active young members group which provides opportunities and inslNclion in dramatic art.
they perform in suitable main stage productions and also stage Iheir own devised work. Workshop5 are held on various
aspects of theatre. both acting and technical. The stage and technical facilities are occasionally hired out lo visiting
companies as well as local groups. often for the benefit of vaiious Charities at limes when the theatre and stage are not
required for inthouse productions. A Gateway group 15 now well established and meets every week to engage in play
readings. poety and singing. An Art exhiLNb'on 15 mounled during each production. The Apollo Theatre is now a NT Live
venue and screens NT Live perf0mlan￿$ to regular full h)vses. Recently. streenings of opera have been introduced.
All materials used in sets and costumes and all other theatrfrrelated running costs are paid for by the Players out of box
office receipts, including the major building overheads such as insuran￿, maintenance, and improvements to the
theatre's eouipm&nl and facilities wh￿h ¢ome under the heading of capitsl expendilure. This had previously been
covered by the TrusL
In planning our activitles for this year. we kept in mind the Charity Commission's guidan￿ on public benefft al our
Tnjstee meetings. The focus of our activities remains the maintenance and development of the Apollo Theatre's building
and equipment. This ben8fils the community of Ihe Isle of Wight through the provision of ¢ultur81 activities. adding lo its
education in the arts. A grant making Fdicy is in place, offering financial assislance lo Apollo member students occupied
in full time study in any aspect of theatre work. The grants are to be Ibmited to the amounl of interest that the CIO may
eam on its fvnds or a hoher figure rf agreed by the CIO .
Major upgrades to our stage lighling and systems have resulted in lowering our carbon kntyrint and hence cost of
utiltbes.
FINANCIAL REVIEW AND RESERVES POUCY
Our Major Source of fijnding continues to be at our box office. A mortgage ft)r The Unit is held wilh HSBC with loan
payrnenis made directfy from the Players. funds. The accounts rellect the pemianenl endowment fund representing the
original book cost on acqvisition plvs additional W￿kS on the theatre by the TrusL
The cash fvnds of the CIO are held wth the Charilies Aid FoundalM)n {CAFI on current and deposit a(vJunts whith
carry slightly better interest than can be obtained from hKJh street banks. The cash revenue account is held with HS8C
and a small account is maintained with Lloyds handling the receipt of fvnd-raising activities.
Al the year end. the Trusl held cash and bank balances of £13.968 (2024 - £45.712). The TDJstees consider this level
of available funds lo be sufficient lo cover approximately 10 months. njnning costs. based on the 2024 expenditur8. and
is considered a reasonable reserve by the Trustees.

THE APOLLO THEATRE {ISLE OF WIGHD TRUST CIO
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES, ANNUAL REPORT Iconllnuod)
PLANS FOR FUTLIRE PERIODS
Plans are in Pla￿ to joln the ￿ buildings in Pyle Street al first floor level. provldlng Improved egress from the Ihealre's
balcony and addil+onal b8r storage area and an accessible toilel for palTons Ilhe cuttenl one is backslagel As part ol
this work. 8 complete set of dHJital plans ol the theatro were commissioned and used as the basis of eurrent and future
dev91opmenl. Planning permission has already been granted and onca 8uildin9 Conlrol has approved the plans. the
work will be divided into phases and pul CAAI to lender when il ig deemed the CIO has suificienl furmls to engage
contractors. Taking into account our c￿rrent cash position. this work15 unllkety lo proceed for a number of years wilh(Krt
grant 5UPPOrt. There are olher priorit￿5 to consider regarding the malnlenance of the lacililles. Ther8 continu8 io be
problems wilh Ihe ffat ri)of over the Dressing Room. Plans are being developed Io T8place and improve Ihe roof
Incorporating addilional space forwardrobe and Drèssing Rooms. There is an ongoing need for professional upgradin9
of the Ihealre's d¢Mw5tic 8le¢trical ins¢allation. Again. wilhout 9rant supp￿, those costly w0￿S will take some years lo
ful￿.
On behaw of th8 Board
Stephen Reading - Theatre Director
Dated

THE APOLLO THEATRE (ISLE OF WIGHT) TRUST CIO
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
INDEPENDENT ACCOUNTANTS. REPORT TO THE TRUSTEES OF THE APOLLO THEATRE (ISLE OF WIGHT
TRUST CIO
I report lo lh8 charity InJslees on my examlnatiw ol Ihe receipts and payments accounts ol the charity for the period
ended 31 December 2024. which are set out on pages 5 to 7.
R•sponslbllltlg5 and bas1$ of rgport
As th& Chari￿$ trustees you are respons￿ble for the preparation of the accounts in aceord8nce wllh the requirements of
the Charities Act 2011 ('the Act'l. I report in respect of my examination of Ihe charity's accounts carried out under section
145 of the Act and in carying out my examination I have followed dl Ihe ap￿Icable Dir*¢lions 9iv8n by the Charity
commissi￿ under secb'on 145{5Xbl of the Act.
Independent oxaminarfs statement
I have completed my examination. l confim that no material rnatters have to my atten1V￿ in connection ￿th Ihe
examination giving m8 cause lo believe that in any rnaleiial Tespecl:
acc￿)nt1Thg records We￿ not kept in respect of thé charity as required by section 130 Irf the Act., or
2. tho accounts do not accord wlh those records.
I have no concerns and have corne across rKJ Other matters In ￿nnectIOn with the examinatson lo which attention should
be drawn in this report lo enatr￿e a proper understanding of the accounts lo be reached.
Wicky Drayton BA ACA
For aThJ on behalf of
Moore (South) LLP
Chartered Accounlants
9 St John's Pla¢0
Newport
Isle of Wight
P030 1 LH
Dated

THE APOLLO THEATRE (ISLE OF WIGHT> TRUST CIO
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
RECEIPTS AND PAYMENTS ACCOUNT
Total
Unrgstrfctad Restrict￿ Year
Funds
Funds
•nded
Total
Unr•strlctgd Ro$trlctod Yèar
Funds
Funds
•ndod
2024
2024
2024
2023
2023
2023
RECEIPTS (InGom•>
Grants and donationg
100 Club membership
Donations
1.980
1.980
2.007
2.007
21.511
21.511
2.007
2,007
Income from Charitable A¢tiviti8$
Players productions and other Iricome
Memb8rship
18.321
405
18,726
18.321
405
18,726
10,697
10,697
10.697
10.697
Trading Incom•
Sale of goods
2.335
In¢¢)m• from Investments
Bank interest
372
372
933
933
TOTAL RECEIPTS
42,944
42,944
13.637
13.637
PAYMENTS {Ex￿nd11Ur•)
Fundraising
100 Club prizes
1,823
1.823
539
539
Direct Charitable Aclivltieg
Production costs and expenses
7.158
Establishment- Repairs and maintenance 5.803
Establishment- Insuran¢e
4.119
Sundry
525
Bank charges
1.721
Grant
Legal and professional f
Loan repayments
Equipment purchases
7,158
5.803
4.119
525
1.721
3,022
6,021
13
60
500
5.098
4,060
3,022
6.021
13
60
500
5.098
4,060
1.043
4.241
4.241
65.452
65.452
19.910
19.910
Support Costs
Rates
Heat and Light
Telephone and IT costs
Printing. postage and stationary
Subscriptions
Entertainrnent
766
3.004
438
929
70
766
438
929
70
66
5.273
5.273
Cthvd
72.548
72,548
20,449
20.449

THE APOLLO THEATRE (ISLE OF WIGHT) TRUST CIO
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
RECEIPTS AND PAYMENTS ACCOUNT (contlnued...)
8lfwd
72,548
20,449
20.449
Tradlng Activittes
Goods for resale
400
4Lh)
Governance Cosls
Accountancy lees
1.740
1.740
918
918
TOTAL PAYMENTS
74,688
74,688
21.367
21,367
NET SURPLUSIIDEFICIT)
OF INCOME OVER EXPENSES
131.744)
131.744)
(7.7301
{7.730J
Transfer belween funds
Cash fijnds al 1 January 2024
Cash funds at 31 De¢embfrr 2024
13.968
13.968
45.712
45.712

THE APOLLO THEATRE (ISLE OF WIGHT) TRUST CIO
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024
STATEMENT OF ASSETS AND LIABILITIES
Total
Unrnstrlcted Restrlcted Year
Funds
Funds
ended
Tolal
Unrestrlct•d Restrided Year
Funds
Funds
énded
2024
2024
2024
2023
2023
2023
FIXED ASSETS
Tangible Assels
404.259
404,259
376.995
376,995
BANK AND CASH FUNDS
Bank Accounts
13,968
13,968
45.712
45,712
OTHER ASSETS
Debtors- Apollo Players
Prepayments
13.
13,906
2.746
2,746
18.290
18.290
420.973
420.973
440.997
440,997
OTHER UABILMES
Accruals
Loan
1.450
1,450
960
496
960
22.416
22,416
23.456
23.456
ENDOWMENT FUNDS
2024 Fund Movement
&lfwd
N¢t movement C1fv4d
The AkM)Ilo Theatre buildings W Street Newport
271.769
(4,568)
267.201
These re￿pts and payrnnt accounts were approved by the Trustees and signed on their behalf.
Signed..
Name.- Stephen Reading,
Role.- Theatre Dlrector