THE PALACE THEATRE CHARITY
Charity Registration No 263658
ANNUAL REPORT & ACCOUNTS
YEAR ENDED 31st MARCH 2025

THE PALACE THEATRE CHARITY
Charity Registration No 263658
Year Ended 31. March 2025
Contents
Trustees Annual Report
Statement of Trustees. Responsibilities
Independent Examinerfs Report
Ststement of Financial Activities
Balance Sheet
Notes to the accounts

THE PALACE THEATRE CHARITY
Charity Registration No 263658
5t
Year Ended 31 March 2025
Trustees Annual Report
The Trustee is pleased to present their report and accounts for the year ended 31 March 2025.
The accounts have been prepared in accordance with the accounting pollcles set out in note 2 to the
accounts and comply with the Trust's governing document, the Charities Act 2011 and the Statement of
Recommended Practlce, Charities SORP IFRS1021.
Objertives and activities
The Palace Theatre was conveyed to the Council by Mrs. G.E.Mouillot in a deed of gift dated 31 December
1942, as an expression of her interest and goodwill towards the then County Borough Council, through
donation to the charity.
The Palace Theatre Charity owns the Palace Theatre and meets landlord's expenses such as building repair
and maintenance. It is not involved in the day-to-day operation of the theatre, which is in the hands of the
City Council. who contracted out this work to HQ theatres from l August 2006 for a period of 30 years.
Over the years 1980181- 1982183 the theatre was extended to include a large entrance area incorporating
a bar and the new Dixon Studio. This exten5i0n remains in the name of the City Council and was not
conveyed to the Palace Theatre Charity.
Capital expenditure incurred on the theatre is met In the flrst instance by the City Council if the Trust ha5
no funds and recovered from the Trust from any surplus which may arise on the Trusvs revenue account
over the ensuing years.
Administrative services are provided to the Trust by the City Council. for which a charge Is made.
The charity is administered and maintained for the objects set out in its governing document by the City
Council, which meets any deficit incurred each year on operating the facility.
The Trustees in making decisions about the Trust make those decisions with due regard to the objects of
the Trust,
In addition they have due regard to their legal duty to carry out tfre Trust's charitable purposes for the
Public Benefit and the Charity Commissions, guidance thereon.
Achievements and performance
The Palace Theatre is currently maintained to allow the purposes in its Governing document set out below
to take place during the financial year 2024-25.
The Trustee considers that the performance of the charity during the year was sat15factory.

THE PALACE THEATRE CHARITY
Charity Registration No 263658
st
Year Ended 31 March 2025
Plans forthe future
The Trustees intend to continue with the current activity and maintain the standards of the Palace Theatre
Charity.
Flnancial review
The cost of maintaining the Palace Theatre exceeded the net income and the operating deficit of £48,192
{2024 £36.9801 has been funded from the Southend-on-sea City Council General Fund.
Reserve5 Poli¢y
The trust does not need to hold reserves as any deficit which arises on the operation of the trust, should
the trust have no funds to meet it, is funded by Southend on Sea City Council, which is sole trustee of the
trust.
Going concem
The Palace Theatre Charity meets the definition of a public benefit entity under FR5102. There are no
material uncertainties about the charity's ability to continue as a going concern.
Structure, governan￿ and management
Governlng d(Kuments
The Trusvs Governing document is in the form of a deed signed on 14 April 1943.
Trustee recrultment and truining
Southend City Council elected members are corporate Trustees. Therefore, Councillors once elected
become a corporate Trustee of the Trust.
Risk Assessment
The city council, when carrying out risk assessments for its own artivities, includes Wlthin the assessment
the activities of the trust. so any major risks applicable to the trust are covered by the council arranging
appropriate Insuran￿ or having In place strategies to cover other contingencies.
Reference and admlnlstrative detsils
TTh5tees
SoUthend￿n-5ea City Council
Secretarynreosurer to the Trust
Southend-on-5ea City Council
Address
Civic Centre
Victoria Avenue
Southend-on-sea
Essex
SS2 6ER

THE PALACE THEATRE CHARITY
Charity Registration No 263658
Year Ended 31 March 2025
Independent exomlners
TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
Statement of Trustees, Responsibllities
The Trustees are responsible for preparing accounts which give a true and fair view of the state of affairs of
the Charity as at the end of each financial year and the income and expenditure of the Charity for that
period.
In preparing those accounts, the Trustees are required to:
Select suitable and applicable accounting policies and then apply them consistently.
Make judgement and estimates that are reasonable and prudent.
Prepare the financial statements on a going concern basis unless it is Inappropriate to p￿sUMe that
the organisation will continue in business.
The Trustee5 are also responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Charity and enable it to ensure that the financial
Statements comply with charity legislation and the relevant governing instrument5. They are responsible
for safeguarding the Charity's assets and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Results
The Trust's financial results are as per the annexed accounts.
By order of the Trustees
Signed
oe Ckéstgktoh
Joe Chesterton (Jan 27. 2026 16-45..19 GMT)
Joe Chesterton. Executive Director IFinance &
Resourcesl
Date 27101126

THE PALACE THEATRE CHARITY
Charity Registration No 263658
Year Ended 31" March 2025
Independent Examinerfs Report
I report on the accounts of the Trust for the year ended 31st March 2025, which are set out on pages 5 to
12.
Responslbilitie5 and basls of report
As the charity trustee5 Of the Trust you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Att 20111'the Act,).
I report in respect of my examination of the Trusvs accounts carried out under section 145 of the 2011 Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 14515llb) of the Act.
Independent examlnerfs statement
I have completed my examination. I confirm that no material matters have come to my attention in
connettion with the examinatlon glvinE me cause to believe that in any material respect:
l. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records: or
3. the accounts do not comply with the applicable requirements concerning the form and content of
account5 set out in the Charities {Accounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and falr view which is not a matter considered as part of
an independent examination.
I have no concerns and have come across no other matters in connection with the examinatlon to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Mark Cummin5 FCCA FCIE
For and on behalf of TC Group
Office: Steyning, West Sussex
Dated:
Zq

THE PALACE THEATRE CHARITY
Charity Registration No 263658
st
Year Ended 31 March 2025
Statement of Financial Artivities
2024125
2024125
Unrestrfcted Endowment
2024125
Total
2023124
Total
Funds
Funds
Funds
Funds
Note
Income From
Donations
48.192
41
48,192
41
36,980
33
Investments
Charitable Activities
Total Income
12,500
60,733
12.500
60.733
12.500
49,513
Expenditure on
Charitable activities
Total expenditure
60.733
60.733
39.493
39,493
100.226
100,226
65,782
65,782
Revaluation
198,957
Net incomelexpenditure and
net movement in funds
139,433)
(39,493)
182,688
Reconciliation of Funds
Total funds brought lorward
Total funds carried forward
1,258,004
1.258.004
1.218,511 1.218.511
1.075.316
1,258,004
All income and gains for the year are recognised on the statement of financial activities. All the Charity's
activities are classified as continuing.

THE PALACE THEATRE CHARITY
Charity Registration No 263658
Year Ended 31° March 2025
Balance Sheet
Z024125
Totsl
Fund5
2023124
Total
Funds
Note
Flxed Assets
Tangible Assets
Total Fixed A55ets
1,218,511
1.218,511
1,258,004
1,258,004
Current Assets
Cash at bank and in hand
950
840
Total Current Assets
950
Llabilities
Creditors: Amounts falling due within one year
Net current assets
(950}
18401
Total assets
1,218,511
1,258,004
The fund5 of ihe charlty
Endowment funds
1,218,511
1,258,004
Total charity funds
1.218,511
1,258,004
Approved by the Trustee and signed on it5 behalf by an authori5ed signatory.
Signed
oe Cheitgrto
Joe Chesterton (Jan 27, 2026 16.'45-19 GMT)
Joe Chesterton, Executive Director (Finance & Resources)
Date 27101126

THE PALACE THEATRE CHARITY
Charity Reglstration No 263658
Year Ended 31 March 2025
Notes to the accounts
Note l Legal Status
The Palace Theatre Charity is an unincorporated charity registered in England and Wales Icharity number
2636581.
Note 2 Accounting Policies
Ba515 of preparation
The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20191-
{Charities SORP IFRS 102)), and the Charities Act 2011.
The Palace Theatre Charity meets the definition of a public beneflt entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy notelsl. There are no material uncertainties about the charity's ability to
continue as a going concern given the continued support of Southend City Council.
The financial statements are prepared in Pounds Sterlin& which is the functional currency of the charity.
Monetary amounts In these financial statements are rounded to the nearest POLbnd.
Cosh Flow Statement
In accordance with the Charities SORP IFRS 1021 the charity 15 claiming exemption from the requirement to
prepare a cash flow statement on account of it being a Small charity.
Income
Donation5 and other forms of voluntary income are recognised as incoming resources when receivable,
except insofar as they are incapable of financial measurement.
Investment income is accounted for when receivable.
Expenditure
Expenditure is accounted for on an accruals basls exclusive of the element of VAT which is recoverable by
Southend City Council in accordance with VAT Notice 749 para 7.5.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and
services for its beneficiaries.
Tangiblefixed ussets und depreciation
Tangible fixed assets are capitalised at cost. Land is not depreciated. Building5 & equipment are being
depreciated on a straight line basis at variou5 rates.

THE PALACE THEATRE CHARITY
Charity Registration No 263658
Year Ended 31" March 2025
Note 2 Attountlng Policies (continued)
C05h ot ljank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments. No separate bank account
is maintained by the Trust, therefore all income and expenditure passes through the City Council's account,
and its cash balances are held within the City Council's general bank account.
Creditors andprovlslons
Creditors and provision5 are recognised where the charity has present obligation resulting from a past
event that will probably result in a transfer of funds to a third party and the amount due to settle the
obligation can be measured or estimated reliablv.
Funds
Unrestricted fund5 are available for use at the discretion of the trustees in furtherance of the general
objective5 of the charity. These funds are used to support the day-to-day operations and any other
activities that align with the charity's mission.
Endowment funds are held In perpetuity, with the capital being invested to generate income. The income
from these investments is used in accordance with the donor's wishes or the charity's governing
documents to support specific projects or activities. The capital itself remains intact to ensure long-term
financial stabllity.
Crftical accounting estlmate5 andludgements
In the appSication of the charity's accounting policles, the trustees are required to make judgements,
estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on hlstorical experience and
other factors that are considered to be relevant. Actual results may differ from these estimate5.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised.
The trustees do not consider that there are any critical estimates or areas of judgement that need to be
brought to the attention of the readers of the financial statement5.
Note 3 Income from Donatlons
Donatlons of £48,192 {2024: £36,980) were from Southend City Council as the funding required to make up
the operational deficit for the year. This donation is equitably apportioned across all operational trust
expenditure.
Note 4 Income from Investments
Represents interest from cash balances held within Southend City Council.

THE PALACE THEATRE CHARITY
Charity Registration No 263658
Year Ended 31" March 2025
Note 5 Incorne from Charltable Activrrles
2025
2024
Rentsl Income
12.500
12.500
12,500
12,500
Note 6 Cost of Charltsble Activities
2025
2024
Buildin8lGround Maintenance
Insurance
29,934
29,3(Kl
39,493
950
19,122
29,050
16,269
840
Depreciation
Governance costs
Administration
549
501
100,226
65,782
The support costs incurred are the 3dmini5tration services provided by Southend City Council and
governance costs. Total support COSts for the year were £1,49912024: £1.3411.
Governance costs comprise solely of fees paid to the independent examiners. During the year £95012024:
£8401 was paid to the independent examiners in respea of audit services.
Employee costs relate to employees of the Council.
No staff are remunerated over £60,000 in the year.
The charity is managed by Southend City Council and doesn't have any key management personnel.

THE PALACE THEATRE CHARITY
Charity Registration No 263658
st
Year Ended 31 March 2025
Note 7 Fixed Assets
Freehold
Land &
Bulldir)gs
Equipment
Total
Asset cosl valuation or revalued amount
Balance as at 01104124 and 3V03125
1,058.500
407.764 1.466,264
Accumulated depreclatlon and Impalrment revlews
Balance brought forward @ 01104124
Ch3r8e for the year
Balance carrled foNiard @ 3V03125
208,260
16,269
224,529
208,260
39.493
247.753
23.224
23.224
Net Book Value
Brought forward @ 01104124
Carried forward @ 31103125
1,058,500
1,035,276
199,504
1,258,004
183.235 1,218,511
The freehold land and buildings represent the value of the Palace Theatre which wa5 revalued by Jamie
Redden MRICS on 31 March 2024.
Note 8 Creditor5
Amounts falllng due within one year
20Z5
2024
Other Creditors
950
840
Note 9 Endowment fund
The endowment fund arose from the donation of The P3lace Theatre.
Note 10 Trustee remuneratlon
No trustee wa5 paid in respect of their services as a trustee in 2024 or 2025 and no expendlture was
reimbursed.
io

THE PALACE THEATRE CHARITY
Charity Registration No 263658
Year Ended 31" March 2025
Note 11 Related Party Transactlon5
During the year the trustee Isouthend City Council) donated £48,19212024: £36,980) to the Trust in
respect of the funding required to cover the operational deficit for the year. Southend City Council
collected a further £12.54112024.. £12,533) on behalf of the Trust in respect of investment and rental
Income. The Trust paid the Council £59,783 in respect of operating costs for the year12024: £48,674).
Note 12 Comparative Funds
2023124
Unrestricted
Funds
2023124
Endowment
Funds
2023124
Total
Funds
Income From
Donations
36,980
33
12.5CIO
49.513
36,980
33
Investments
Charitable Activities
12,5C(J
49,513
Total Income
Expenditure on
Charitable activities
Total expenditure
49.513
49,513
16,269
16,269
65,782
65,782
Revaluation
198,957
198,957
Net income and net
movement in funds
182.688
182,688
Reconciliatlon of funds
Total funds brought forward
Tot31 funds carried forward
1,075,316
1.258,004
1,075,316
1,258,004
li

THE PALACE THEATRE CHARITY
Charity Registration No 263658
Year Ended 31" March 2025
Note 13 Net A55ets Between Funds
Yeor Ending 31st March 2025
Unrestrlcted
Endowment
Total
Flxed A55ets
1,218,511
1.218.511
950
Current Assets
950
Current Liablllties
(9501
19501
1,218.511
Total
1.218.511
Yeur Ending 31" March 2024
Unrestricted
Endowment
Total
Fixed Assets
Current Assets
Current Liabilities
1,258,004
1,258,004
(8401
1840}
1.258,004
Total
1,258,004
12