R8glsttrréd Charlty Nurnber.. 262267 Chatltable Incorporated Organlsation THE APOLLO THEATRE (ISLE OF WIGHT) TRUST TRUSTEES ANNUAL REPORT AND RECEIPTS AND PAYMENTS ACCOUNT FOR THE 8 MONTH PERIOD ENDED 31 AUGUSY 2026 THE APOLLO THEATRE (ISLE OF WIGHT) TRUST CIO RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2025 CONTENTS PAGE TFUStees' Annual Report Independent Accountants Report Receipts and Payments Account Stalemenl of Assels and LIa1￿litIeS THE APOLLO THEATRE (ISLE OF WIGHT) TRUST CIO RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2025 TRUSTEES. ANNUAL REPORT The Trustees have pleasure in Pfesonting their rewt, and the unaudited financral Statements of the churity for th8 penod ended 31 August 2025. REFERENCE AND ADMINISTRATION DETAILS The prÉnupal addie5s ol the charity IS.. Apollo Th&atre. F*te Street, Newport. Isle of WghL P030 IJT The Trustees The Boarfl of Trustees at 31Tt August 2025 was a5 follgws=_ Mrs G Kenfierley Ms Julie JOnes-￿Van$, Mis Liz Mackenzle Mf Geoff Underwood Prol Phil C81dtr Ex-officio.. Mr S J Reading Mr D J BuTns Mrs H M Reading Miss V Cook Following agreement with the Apollo Players the Trvst converted to a Charitable Incorporated Organisatson (CIO) on 23rd July 2024, thus li￿rgIng thé acllvillès of the Trust and The Playets Into a slngle organisation. The accounting year has now changed to 1st SeptembeT to 31st AugusE In oTder to bring the accounts in line with tho Apollo Players season. This set of accounts covers the transitional period from 1 January 2025 to 31 August 2025. rellecting the fflove to the new OCCDunting year. STRUCTURE. GOVERNANCE AND MANAGEMENT The objects of Ihe CIO iemain th& sarne as previous Yea￿ under the Truslwhieh ar61hg womotiDn and encouFag8rnent srtuated in F*le Street, Newport, Is18 of Wjghl plu5 the adjacent property 124 Pyle Street and an industrial unit, 11 l)odno¥ P8k, Newporl, Isle of Wight Ilhe Unit). The the8tre was conslfucted in 1804 05 a Melhodtrsl Chape5 and was bsted as a Historic Asset Grade It. in 1953 by the then Department of the EnvironfflenL 124 Pyle Street is also Ilsted as Grade 11. In 2012 purchased The Unit to free up St￿age space the theatre and provide an add￿0￿31 rehearsal orea. The Unll Is SUII ui)der mthgaye. Vpon transitioning to a CIO the Trtjsl ceased lo be a Ilmlted c(Rnpany and is henceforth kn¢)wn as the Apollo Theatre Trust Usle ol Wlghtl wth the worting ima otThe ApDtto Theatre Players. The CIO is govefned by fouF elected ex-offieio trustses by Ihg membership and oveTseen by five co-opled IrLFStees. Trustees will rotale ietirement by 113td each AGM. THE APOLLO THEATRE (ISLE OF IMGHn TRUST CIO RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2025 TRUSTEES. ANNUAL REPORT Icontinued) OBJECTIVES AND ACTIVITIES The Players now operate the Theat￿ in a professional rnannei. They provide an ar￿U81 season usualty OT seven arama prc*Yuthons arawing on tneairi¢al sovr¢es and stytes. Th15 help5 fijlfil the oi)jects sialeu 8i)ove not by profflots.ng the perfoTrnance5 to the public bul iii educatino all who take part in the diffefent sktlls involved on-slege. off- stsge, knd tront of hovse. No participant, ex¢ept with the o¢c8sion81 use of semi-professional musicians, is paid foi hisffter services. There Is also a vTrgotous and active young rn8mbers group which p￿VideS opportunities and in8lruction in dramatic art.. they pertorm in suitable main stage productions and also stage Iheir own devised work. WoTkshgps are. hekj various aspects of theatre, both a¢ling and le¢.hnico1. The $lage gnd lechnicgl ra￿lItIeS are occasionally hlred out to vlsftlng companies as well as local grovps. often for the beneflt ol varlous tharilies at itrnes when Ihe theatre and stsge are nol fequlred for in-house pro(Fu¢rions. A Gèteway yrovp is novi èstdbllshèd 8hO meets every week to engage in ￿aY ￿adIng$. poetry arHJ singing. An Art exhibilion is mounted during each production. The Apollo ThÈatre Is now a NT Llve venue and screens NT L￿e perforrnances. Recenlty, screenlngs ol opera h8ve been introduced. Al! melptials vsed in sel$ @Dd Go51v.ffjes an¢J olher Ib¢alre-relele¢ fijnning wsts o.ro poid for by Ihe Players out of box office receipts. Includlng the major buildlng overheads such as inwran¢e. fflaintenance, and improvements to the theètrè S e4tsiPfhefEt and fatiMiè5 which come undef trie heath.ng of capilal expenditure. Tit5s hat5 p¥evic)usty bee c(wered by th8 Tru81. In planning our activities for this yeai, we kept In Fnind the Charity Commission's on public benefit at our Tru$iee meetings. The locus ol our activities remains the maintenance and development of the Apollo Theatre's bull￿1￿g and equip￿¢￿1. Tbi¥ benefits the Gommunity tif tho Islg of Wghl Ihrough Ihe provision of cultural adivibÈs, dd5ng to education in the aris. A gr2nt making PDltcy is in place, offerlng financial a5slstance to Apollo m8mbeT stuttents o¢¢upieO in fulltime stu(ty in èriy of theave worK. yianls afe to be limited to the amourji of 4nteiesl Ih8l the CIO may ealn on its funds or a higher figuie rf agre8d by the CIO. FINANCIAL REVIEWAND RESERVES POLICY Our maior source of iunding continues to be at our box offic¢_ A m¢ylgage for The Unil is hekl wlh HSB¢ wth loan payrnenls made dlie£lly Irtstn the Players, fund5. The cash funds of the CIO are held with the Charities Aid Foundation ICAFI 011 CUTient and detKlSit accounts which ¢arry slightly belter Interest Ihan can be obtalned from hSgh street banks. The Cash revenue accour¥t Is held wllh IISBC and a small a¢coLtnt is malntained with Uoyds handling the receipt of fund-iaisinu activth"es. At the year end, the CIO held cash attd bank batances of £24,SS2 (2024.. £23.049}. The Trustees consider this level of available funds to be suffioent to cover appro￿rnately g months. running c05t5. The CIO has a9ieed a reserve of ttO.Cth) whicli represerits a￿1rDX￿m￿ttfy &6 fflc*ith$ wnnkng costs. based on cu¢ie?It outgolngs. aitd Is cbn8ithreO 8 reasonable reserve by ihe Tfustees. THE APOLLO THEATRE (ISLE OF WIGHTI TRUST CIO RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2025 TRUSTEES. ANNUAL REPORT Icontinuedl PLANS FOR FUTURE PERIODS Plan5 are in place to join the iwo buildings in Pyle Street at firsl floor level, PFoviding improved egress from the theatre's iiaicony ana additional b3r storage area anii an a¢￿ss[de toffeT for patrons ilhe current one is i)ackst8gel. A> Ptirt ol Ihis viork, a complete set ol digital plan5 of ihe theatre were commissioned and used as the basis ol current and future development. Planning perrnission has already been granted and Building CoThtrol has now approved the plans. The work will be divided into phases and put oul to tender when il is deemed the CIO has sufficient funds to engage contracttsrs. Takt"ng into acco￿nI ouf cuirent cash position, this work is unlikely to pioceed for a number of years withotst gf8nl support. There gFe Qlhor pfiorilieg lo conside.r regarding the mpintenance of the fa¢ililies. There continue to be problems with the tlat roof over *he Dressing Room. Plarbs ale being developed lo repla￿ and imwove the Toof Inctsrptsr￿ing addibonal spaceforW*rtrobe ahdDfÈsslng Rooms. There Is an ortgtisng heÈ¢Jfof ty01è5sional tJpgra(svn9 of the Iheatre's domestic electrtcal install*ion. Again, without grant support, th85E Costly works wsll take some yea¥s to lund. The CIO plans to undertake a fund raising project whlch will take into account the financial needs of preparing and xorubDg prioD.ty woiks lo en¥ure fvlvro generoLionF eDj(by opoiale the Apollo Theatre efficienuy. On beh3M Oft￿ Boar Re?.ding- Thealte D1￿Clo[ Oated THE APOLLO THEATRE IISLE OF WIGHT) TRUST CIO RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2025 INDEPENDENT ACCOUNTANTS. REPORT TO THE TRUSTEES OF THE APOLLO THEATRE (ISLE OF WIGHT TRUST CIO l ￿port to the ¢harlty trustees on my examlnatlon ofthe recelpts and payments accounts of thE charrty for the perfod ended 31 Augiisl 202& which are set oul QD. pageg S to 7. RospDM51bllttlos and bas1¥ of rgport As the charity's trustees you are responsible for the preparation ol the accounts in accordance with the requirements of IhÈ Ch8rit es A¢1 2011 I'the Act'l. I report in respect of my examinatitsn ol the charity's accounts carried out L¥nder secllon 145 of the Act and In carrylng out my examlnation I have followed all the appllcable t)Irectlons glven by the Charity Commis$4on under nfirm that no malerial matters have come to my attention in conllecb.on with Ihe ex8mÉnation giving me cause to believe that in any malwial resFect.' accounting records were not kept in respect of the charity as required by section 130 01 the Acl., or 2. the accounts 60 not accord w￿th those recorus. I have no conceTns and have come 3cross Tro olher rnatt￿s in conneclion with the examination lo vthich aitention should be drawn in this report lo enabte a propel understanding of the accounts lo be rea¢hed. Wtcky Drayton BA ACA For aad on behalt of Mooie Isouihl LLP Chartered Accountants 9 St John's Place Newport 151e of Wight P030 ILH D8ted 0> lot l ioz THE APOLLO THEATRE IISLE OF WIGHT) TRUST CIO RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2025 RECEIPTS AND PAYMENTS ACCOUNT Total Tothi Unreglrlcled Regtrlcted Perlod UnTestrlcted Regtrlcted Year nds nd5 elKled August December December December 2026 2024 2024 2024 AS R￿lated As Restated A8 Restated August August 2026 2025 RECEIPTS Ilncome) Grants and donatlons 100 Club ¥nernbEt5hlp Donations Evenl lakings on behalf of others 1,480 11.993 13,473 1.480 1,980 1,980 13,473 17.511 17.511 Income from Charltable Activltles Players W(￿li¢110n$ and other income mem1￿[Ship Theatr8 Htre Eventtakings on behalf of others 26,247 3,469 2,037 26.247 3.469 2.037 18,321 405 18,3?.1 405 38,158 38,158 18,726 18.726 Trading Income Sale ol goods 19.313 19,313 20,073 20,073 Income from Investments Bank inlere8t 49 372 3T2 TOTAL RECEIPTS 70,993 70,993 ,682 56,682 PAYMENTS (Expenditure) Fundraising too Club prizes 700 Dlreet Charltable Actfvitie8 Profluction costs and expenses 14.909 Event takings patd to others 6,404 Establishment- Repairs and maintenance 7.389 Establishment- Insurance Sundry Bank Charges Giant Legal and wofessional fees Loan repayments Eqvipmenl pvrcheses 14.909 6,404 7.389 7.158 7.158 5.803 4,119 525 1.721 5.803 4.119 525 1,721 3.018 3.018 1,043 4.241 1,043 4,241 2,799 2,799 44,251 44,251 65.452 65.452 Support Costs Rales Heal and LHJht Tdephone arKI IT costs Ptinting, poslage and sl&tionary Sybscdptlons Entènalnmè 1,402 7.967 1,649 523 520 1,402 7,967 1,649 523 520 54 12.115 766 766 3.004 438 929 70 438 929 70 12.115 5,273 5,273 Cttwd 57,066 57.066 72.548 72,548 THE APOLLO THEATRE {ISLE OF WIGHT) TRUST CIO RECEIPTS ANO PAYMENTS ACCOUNT FOR THE YEAR PERIOD 31 AUGUST 2025 RECEIPTS AND PAYMENTS ACCOUNT (Gontlnved...) Total Total Unyestrlcted Restrlcled Perlod Unrestrlcled Re8lrsCted Yèar Funds Funds endod Funds Funds ended Augu¥t August August 2025 2025 2025 2024 2024 2024 As Restated As Regtoted AS Restated Blfvid 57,066 57,066 72,548 72,548 Tradlng Aetlvitlès Goods fof 12.424 12,424 10,976 10.97fj Governance rosts Ac¢ourtantyfee8 1.740 f.i40 TOTAL PAYMENTS 69.490 69,4 85.264 85.264 NET SURPLUSIIDEFICITI OF INCOME OVER EXPENSES I.S03 t.503 (28,582) Transfer b81ween funds Cash fijnds at l January 2025 Cash funds at 31 August 2026 24,552 24,552 23.049 23,049 THE APOLLO THEATRE (ISLE OF WIGHT) TRUST CIO RECEIPTS AND PAYMENTS ACCOUNT FOR THE PERIOD ENDED 31 AUGUST 2025 STATEMENT OF ASSETS AND LIABILITIES Total rotal Restricted Perlod Unrestrleted Restrlcted Year Funds ended Funds Funds ended August August 2025 2025 Unre8trlcl•d Funds AugMsT 2025 2024 2024 2024 As Restated As Restated As R¢5tated FIXED ASSETS Tangib￿ Assets 399,301 399,301 404.259 404,259 BANK ANO CASH FUNDS Bank Accounts 24.552 24.552 23,049 23.049 OTHER ASSETS Debtors- Apollo Players 2,746 2.746 423,853 423.853 430.054 430,054 OTHER LIABILITIES Accruals feditors Loan 1,450 100 1.450 1,450 1,450 966 21,187 22,416 22,416 ENDOWMENT FUNDS 2025 Fund Movement Blfwd Net movement Cfftyd The Apol10 Theatre bvildings Fye Street Neww>rt 267.201 14,5651 2W2,636 Prror Year Adjustment The pr&)r year comparative figures have been re5tOted to ￿Clude the bar oper8tion and rdated bank balafKe, whith were omitted from the oliglnal These ￿￿ipts and payment account5 weTe arproved by Ihe Trusiees and 5tgned on their tehatf. S￿ned.. Dated.. Name.. Stephen Reading, Rolè.. Theatre Direcior