Chlpplng Norton Thealre Llmlted (The)
Reghtered Company Number: 1179918
R•gl8t•r•d Charlty Number: 268164
Aceounts
For tho yo•r ond•d
31•t March 2025
Wenn Town8end
Chartered Accountants
Oxford

Chipping Norton Theatre Llmlted (The
Contents
Pago
Logal and Administrative Information
Rapjrt of the Council of Management
Report of the Independent Audrtors
Statement of Financial Acllvities
10
Balance Sheet
11
Statemenl of Cash Flows
12
Notes
13-22

Chlpplng Norton Theatre Llmlted (The)
Leg•1 and Admlnlstrative Information
Company Numb?r:
1179918 (England and Wales)
R?918tfrred Charlty Numbèr:
268154
Tru•loe8:
C Gordon lappoinled 4 July 2024)
R Greaves (Chair)
H Hotchkiss
R Ndhlovu (appointed 4 July 20241
C Peake
S Prangnell
T Sumner
L Whordlgy-Hughe6 {resvJned 1 July 20251
Socrntary:
J Robinson
Regl8tered Offlca:
2 Spring Street
Chipping Norton
Oxfordshire
OX7 5NL
Audltor•:
Wenn Townsend
Chartered Accountants
30 St Gi18S
Oxford
OX13LE
Bank•r8:
Barclays Bank PIC
Flnancial Servtis Section
P08ox11
Oxford
OX3 9YD
Thoatro Art18tlc Dlr•etor.
J Terry
G•n•ral Manager.
J Robinson

Chipping Norton Th••tro Limited {Thel
Roport ofthe Councll of Management
for the year ended 31st March 2025
Members of the Council of Management present their ￿POrt with the financial statements of the charitsble company
for the year ended on 31 sl March 2025.
The financial statements comply with the current stalulory requirements. the Mernorandum and Articles of
Association and the provisions of the Statement of Recommended Practice ISORPI Accounting and Reporting by
Charities. IFRS 1021 in preparing the annual report and financial stslements of the charity.
Referenc￿ and Admlnlstratlon Detall8
Constitution
The Chipping Norton Theatre I Id is a Company limited hy giiarant8e and a registered charity Number 268164,
Company Number 1179918 IEn9lan(J and Walesl.
Dlrector8 and Trust￿8
The members of the Council of Management, who are directors for the purposes of Company Law and trustees for
the purposes of Charity Law. are referred to interchangeably as such.
As set out in the Articles of Association, the Chair of Council 1$ elected by its members. After three years, service
members of Council retire by rolalion al annual general meetings and may. if willing to act, be ￿appointed. The
members ofthe Gharitable Company may by ordinary resolution appoint a person who is willing lo act, to be a member
of Council, either to fill a vacancy or as an additional member.
The members of Council who served during the year and since the year end were as shown on pagè 1 and that page
also provides the legal and administrative information.
Day to day managem8nl. under the direct ¢onlrol of the Council of Management, is delegated lo The Theatre's Art18tic
Director.
St ucture Governance and Mana
emen
The Chipping Norton ThealTe Limited was incorporated on 6th August 1974 as a private company, limited by
guarantee and not having a share capital, under a Memorandum of Association dated 12th September 2024.
Members of Council musl be a memb8r of the ¢haril8ble company. Prospective members of Council may be invited
to observe Council meetings, but if elected to full membership mu51 also become M8mber8 of the Company,
The present membership ol Council represents a wide range of the necessary knowledge and experience- theatre
management, finance, fundraising, legal mallers - and continuity of relevant experience 15 ￿garded as important,
combined with a regular audit of skills.
On appointm8nl, new members of Council are provided with an information pack and a full briefing from the Chalr,
the Thealre's Arb'stic Director and the General Manager. Members of Council are regular attendees al the various
events that are put on In The Theatre.
Council meetings are also attended. as observers. by representatives of The Theatre's regular statutory ftjnding
bodies, including local authority botJie$.
The Council of Management administers the charity. The Council normally meets quarterfy and there are sub-
committees covering fundraising, finance and audits which also meeting quarterly. A Director is appointed by the
trustees to manage the day-lo-day operations of the charity. To facilitate effective operations, the Director has
delegated authority, within terms of delegation approved by the trustees, for some operational matters lo members
oflhe Senior Management Team.
All member of the Council of Management give of their lime freely and no Iruslee received remuneration in the year.
Details of directors, expenses and related paty transactions are disclose(J In note 11 to the accounts. The pay of the
senior staff is reviewed annually and normally increased in accordan¢e with average earnings. In view of the nalu
of the charity. the levels are benchmarked against pay levels in other Provincial theatres of a similar syze run on a
voluntary basis. The remuneration benchmark is on the lower end of the range paid for similar roles. If recruitment
has proven difficult in the recent past a market addition is also paid with the pay maximum no greater than the highest
benchmarked salary for a comparable role. Senior 51aff were paid a total of £125,08D12024'. £118.6601.

Chlpplng Norton Theatre Llmlted (The
Report of the Coun¢ll of Management
forthe yearended 318t Maich 2025
Structurg Governance and Man•
¢mont
continued
Th8 Theatre benefits from the sUPPOrt of over 1000 Friends and The Chipping Norton Theatre and Friends Trust,
tsvo of whose Iruslees are appointed by Council. They provide significant and invaluable financial support to The
Theat￿. It is worth nots'ng that without significant additional fundraising in each year, the resources of the Trust
will be depleted,. The Theatre therefore has an important fundraising function to deliver in Ihe short lo medium
term.
th regard lo risk. insurance cover 1$ in place for the normal risks of operats'ng The Theatre. Beyond this th8
principal uninsurable risks are,.
the loss of, or signifi'cant reducts'on in total revenue funding from statutory and local authority bodies and
Irom private trusts and individuals..
short-lerm adverse trading conditions affecting the locality.,
the building is particularly old and could at any lime require significant funds to be spent, of which the
Theatre currently does not have enough reserves to cover.,
failure lo raise sufficient Gharitable donations lo maintain liquid asset levels.
The occurrence of the first of these risks would necessitate major changes lo the ways in which the Theatre
operates and would almost certainly lead to a reduction in the range of activities in the medium term Against the
second category of risk, the strats9y Is lo constitute an appropriate general reserve divided be￿een the charitable
company itself and the associated Theatre and Friends Trust. The relevance of these 51ralegies is kept under
review by the Council.
Ob
g¢tlvo8 Actlvltle8 and P bll 8
ne
The Company is established to promote. maintain, Improve, and advance education, particularly by the promotion
and producbon of educational plays and ¢oncert5 and the encouragement of the Arts. We are a theatre, an
arthouse cinema, 8 gallery, a concert hall and a local hub. The Theatre is a resource for our community and a
professional venue welcoming, supporting an(J developing exciting artists and performances, and together we
welcome over 50.000 customer visits every year lo over 500 events. Our extensive and decades strong Take Part
programme sees hundreds ol community memb8rs take their place within our building every day of the year.
In Sep 2024 The Theatre passed a resolution lo adopt a new set of Article8 01 Association,. bringing the official
purpose of the charity up to dale and covering the scope of work that the arts Is now Involved with. During the
year under review, the Theatre sel out lo..
bring our community log&ther to enjoy a varied programma of innovative, exciting and accessible, sought-
after artistic productions
Spark creativity and build community through excellent parti¢ipalory aclivilies and workshop8 acr088 all
art forms
promote inclusion, equality and diversity in all areas
Activities included..
The Theatre re￿iVed 112 live performances and screened 91 fi'lms and 39 live streamings along with 21
private hires, S off site live performances and 3 weddings.
The annual produced panlomirne J8Gk and the Beanstalk was perfomed 95 times, with an average 74%
capacity, and seen by 16,446 people, including relaxed, captioned and audio described performances.
An aMbit￿uS double bill of Lark Ris8 and Barn Dance,. produced lo celebrate rural Oxford5hire for the 50th
anniversary of The Thealre. This included 116 people. from local volunteers to professional actors. and
involved turning the auditorium into the inside of a barn.
Murder for Two was produced and performed for 2 weeks in the Autumn and toured the UK for 6 weeks
to 10 other venues,. featuring 2 actor musiGians who play a grand piano throughout.
A series of outdoor 'AI Fresco, live events were planned during the summer around a range of private
gardens and al an in house produced walk about show called As I w8S 8 W81king perfomed around the
beautiful surroundings of Farm Ed.

Chlpplng Norton Theatre Llmlted (The)
Report of the Councll of Pllanagement
for the year ended 318t March 2025
Ob
ectlve8 Actlvltles
nd Public Benefit
contlnu•d
Take Part al the theatre thrived with year-round, weekly session across our Youth Theatres. CrealNe
Writing groups, Adult Drama, Dance 50, Youth Musical Theatre groups, Saturday Drama groups. the
Chipping Norton Singers, relaxed screenings, Holiday worf(shops, Can Sing training ¢hoir and Great
Company group for adults with learning disabilities. We launched Youth Theatre Open, a fully funded,
supported group for neurodivergent or anxious young people and those who needed extra support. A
total of 280 people 'Take Part. in youth and adult classes every week.
Free School Meals provision grew from 132 to over 170 young people each sch¢>Jl holiday. The
programme was supported financially and via volunteer support with prep and collection days from Wise
Invoplmenl's staff. Our Fr88 School Maals cultural programme wag supported by Chipping Norton Town
Council, and offered over 1,000 free art and craft packs, 215 f￿e family film lickels, 264 free I￿￿et5 to six
different live performances at the theatre, 135 free pantomime tickets, th￿e free art and craft work5hop$,
our popular Easter trail and much-loved visit from Father Christmas.
A full butsary ￿heme is in operation thanks lo the long-sighted support of multi-year lunding from Tony
and Judith Yarrow. The Tony and Judith Yarrow Bursary Scheme gave out 39 bursariès awards as well
as funding addition81 support workers and Iran5POrt when needed lo enable young people may need lo
participate.
The Theatre organised and ran Chippy Creative Partners.. 8 group of Gommunity, statutory. creative and
education organisations that meet quarterly lo share resources, priorities and needs. Out of these our
Community programme's priorities of supporting low-income Ghildren and families. youth mental health
and inclusion were reinforced, and a new need lirmly exp￿388d for activities lo &ngage i501ated adult6,
particularly older adults.
The Theatre's focus on youth Mental Health grew, with groups running weekly workshops from January
through til Ihe following May for year 7s, year 8-9s on the CAMHS wailing list or experiencing mental
health struggles al Chipping Norton School, as well as supporting the nurtu￿ room students, transition lo
secondary school from Sl Mary's primary school AlongsKle this, we launched our first SEN mental health
drama group for young people at Chipping Norton School who are supported on the SEN Register and
experiencing mental health needs, and partnered for the first lime with Park School, which is our local
Social, Emotion and Mental Health school lo deliver the sessions in school to their cohort. Two Parent
Support Groups continued, with monthly art and peer support for parents. one foGusing on parents of
children with mental health needs and the other as 8 SEN Parent group.
We were very happy to expand our summer holiday workshops with HAF IHolid8y and Food) programme
funded by Oxfordshire County Council. We ran intensive HAF opportunities running concurrent
fortnighl-long groups this summer.. Play Makers and Stage Magic. both of which culminated in a young
people's swimming and day of fun followed by a whole Family Fun Day at Chipping Norton Lido. Places
booked out immediately, and we were delighted lo be able to support children who needed some help
this summer. 600/0 of our HAF participants had additional needs ranging from mild sensory needs lo AS,
ADHO and ARFID. 32% of the cohort had care experience andlor were actively being supported by
Children's Services this year.
Offered community ti¢ket61o new audience rnembers including families supported via the Branch, mental
health services. our local Ukrainian cornrnunity, local SEMH School Park School, car6 homes, older adults
support groups and more.
4 art exhibition8 were ¢Jisplayed by local professional artists and local amateur groups and schools in the
gallery
Following successful feasibility study funding a lease was negotiated and signed lo refurbish and operate
an additional building in town Currently silting as a lost community resource. Plans for the coming year
involve work to reopen the premise and to expand and develop rn0￿ work with the elderly and disabled
with fvlly arcessible space5.
During the year an area of roof was repaired following a significant leak and an office was refvrbished for
hire.
In the Autumn, continuing ils work to reduce carbon emissions and control utilities costs, The Theatre
installed a fully LED lighting rig in the auditorium. Many thanks go the VCSE Energy Efficiency Scheme
Funded by UK Govemmgnl and Theatres Trust for funding this project.

Chlpplng Norton Theatre Llmlted {Thel
Report ofthe Council of Managemont
for the year ended 31st March 2025
The Theatre would like to thank all of its sponsors and funders that have supported activities throughout the year,
and all of the individuals, Friends and Patrons for their ongoing support.
The Theatre was sponsored by..
Bruern Farms {Barn Dan¢el
Big Cheeks Wellbeing
Cleenol Group Ltd (Cleaning Partner)
Cotswold Seed5 (Lark Ri5el
Cottsway
Dragon School
FWP Mallhews ILark Ri5el
Gallagher Developments ITake Parti
Hedges Law
Hook Norton Brewery
Kingham Hill School IPantomim81
Reform IT
OpenDoorz
Wigwam Self Storage
Wine Freedom (House Party)
se Investment (The Theatre 8nd Free Holiday Lunch Programm81
The Theatre was funded by:
The National Lottery through Arts Council England
Chipping Norton Town Council
Commissioning Circle
Oxlordshire County Council {Holiday Activities Fundl
Parish Councils (Churchill & Sarsden, Enslone, Oddington. Kingham}
Patrons and Friends of The Theatre Chipping Norton
VCSE Energy Efficiency Scheme Funded by UK Government
West Oxfordshire District Council
Albion Trust
Aldi
Aird Clabon Charitable Trust
Arts Society of Wesl Oxfordshire
Banbury Litho
Cash for Kids (Holiday Hunger)
Charlbury Overseas and Community Projects
CHK Charities
Churchill Car Show
Cotswold Arts Through Schools
Collisford Charitable Trust
Doris Field Charitable Trust
Dragon School
Elizabeth Jackson Charitable Trust
Whistlers Restaurant
Esmée Fairbairn Foundation
Glasgow Foundation
Glyme Hall
HDH Wills 1965 Charitable Twst
Michael Bishop Foundation
Ormonde Foundation
PF Charitable Trust
Pye Charitable Trust
Schusler Charitable Tru$1
Singer Foundation
Stella Symonds Charrtable Trust
Tackley Horse Trials
Theatres Trust
Walter Higgs Charitable Trust
Our thanks to all our generous indivKlual donors, including those that wish lo remain anonymous and a special
menlK)n lo Tony and Judith Yarrow for their ongoing multi-year support for the Tony and Judith Yarrow Bursary
Programme and to Anthony Peters for supporting our Take Part Programme.
The Theatre benefits from the invaluable support of around 75 volunteers as theat￿ ushers and also has
volunteers within archiving, fvndraising, general adrnin and coslurne. Thanks is a150 given lo the members of the
Friends Support Group who arrange even15 and sales throughout the year to ra15e much needed funds. The
Theatre would be unable lo funcbon in ils current form wilhoul the support of Olsr volunteers and their lime and
contribution 18 hugely appreGiated.
The Theatre would like to thank the team of pemianenl and casual staff arnounling lo 36 individua15 and its team
of freelance Take Part practitioners., all of whom have worked incredibly hard throughout the year

Chipping Norton Theatre LlmSted (The)
Report of the Councll of Management
for the ye•r ended 3181 March 2025
Fundrllsln
Members of The Theatre's fundraising department organige events and carry out fundraising a¢tivilies in order lo
generate funds for the charity. The Theatre does not use professional fundraiser5 or involve commercial
partlGlPators. There have be8n no complaints about fundraising a¢tivity this year.
All the charity's marketing aotivities are undertaken direclly to ensure that is not unreasonably p8rsi5tenl or
intrusive. Marketing materials contain clear details of how to unsubscribe lo future communicab'ons and care is
tsken lo limit the level of communications being sent out.
Flnanclal Revlow
This year The Theatre generated an unrestricted surplus of £43,381 12024.. surplus of £18,755) which will be
invested in the coming year in the refurbi6hmonl of additional workshop space.
The Council of Management has an agreed Reserv85 Policy in place and as al 31st March 2025 total funds were
£1,210,984 including reslricled funds of £51,293 and designated funds of £987.019. The Theatre's free reserves
were £172,67212024. £129.2911.
The Chipping Norton Theat￿ Trust. an independent charity providing grant support to The Theatre. made funding
payments of £10,000 to The Theatre. The Friends of Tho Theatre schem8 raised £64,635 12024.. £64,420) in
membership income, whiGh has supported the core costs of the theatre and various repairs of the building.
tatement of the Co
nell of Mana
ement's r98
n8lbllltl•8
The Council of Management are required by law lo prepare financial sta18ments for each financial year which give
a true and fair view of the slate of the affairs of the charitable company and of the charitable company's activities
for that period. In preparing those financial statements the Council of Management a￿ requir&d to lollow best
practice and..
select suitable accounting policies and then apply them consistenlly.,
make judgements and estimates that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless il is Inappropriate to presume that the
company will continue in business.
The Council of Management are responsible for keeping proper accounting records which disclose wrth
asonable accuracy the financial position of the charitable company and which enable them to ensure that the
financial slalemenls comply with the Companies Act 2006. They are also responsible for safe9uarding the
charitable company's assets and hence for taking r8asonable steps for the prevention and detection of fraud and
other irregulaNlies.
So far the Trustees are aware,.
there is no relevant information of where the charitsble company's auditor is unaware., and
the Trustees have taken all steps that they ought to have taken to make themselves aware of any ￿levant
audit informab'on and to establish that the auditor Is aware of the information.
Audltors
A resolution will be proposed al the Annual General Meeting that Wenn Townsend be re-appointed auditors lo
The Theatre for the ensuing year.
This report was approved by the Board of Directors and the Council of Management on 1st December 2025.
R Grnav•8
Trust0¢
2 Spring Street
Chipping Norton
Oxfordshire OX7 5NL

Chlpplng Norton Theatre Llmlted (The
Report of the Independent Auditor8
To Tho Members of Chlpplng Norton Theatre Limited Icontlnugdl
Oplnlon
We have audited the financi81 statements of The Chipping Norton Theat￿ Limited Ilhe 'charilable company'l
for the year ended 31 st March 2025 which compfise the Statement of Financial Aclivilies, the Balance Sheet,
the Cash Flow Statement, and notes to the financial statements, including a summary of Significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and
United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Finan¢i81 R8POrting
Slandard appI￿able in th8 UK and R8public of I￿land Iunited Kingdom Generally Accepted Accounting
Praclicel.
In our opinion the financial statements..
give a true and fair view of the stale of Ihe charitable Gompany'5 affairs a5 al 31st March 2025, and of ils
incoming resources and application of resources, including ils income and expenditure, for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted AGGounting Practice.,
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Bails for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the fi'nancial stslemenls section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial 51alernenls in the UK. including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these
quiremenls. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Conclu8lon• rel•tlng to golng concern
We have nothing lo report in respect of the following matter8 in relation to which the ISAS IUKI require us to
report lo you where..
the Trustees, use of the going conc&m basis of accounting in th8 preparation of the financial stalem8nls Is
not appropriate., or
the Trustees have not cjisclosed in the financial statements any identifi'ed material uncertainties that may
ca$1 significant doubt about the charitable company's ability to continue to adopt the 90ing concern basis of
accounting for a period of at least tsvelve months from the date when the financial statements are authorised
for issue.
Oth•r Informatlon
The Trustees are responsible for the other information, The other infom)ats'on comprises the infomalion
included in the Trustees, Annual Report, other than the financial 5talemenls and our auditor's report Ihereon.
Our opinion on the financial slatemenls doe5 not cover the other informats'on and, except lo the exlenl olhewise
explicrtly slated in our report, we do not express any form of assurance conclusion Ihereon.
In connection with our audit of the financial stalemenls, our responsibilty is to read the other information and.
in doing 50, consider whether the other infomialion is materially inconsistent with the financial statements or our
kn¢)wledge obtained in the audit or otherwise appears lo be rnalerially mi$51ated. If we identify such material
inconsistencies or apparent material misstalemenls, we are required to delermine whether there is a rnalerial
misstalemenl in the financial ststements or a material misstatement of the other information. If, based on the
work we have perfomied, we ¢on¢lude that there is a material mi55talern8nt of this other inforrnalion, we are
required lo report that fact.
We h8ve nothing to report in thi5 regard.

Chlpplng Norton Theatre Llmlted (The)
Rèport of the Independent Audltorn
To The Memb•rn of Chlpplng Norton Theatre Llmtted {continuod
Opinions on othef mattern prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audrt..
the information given in the Trustees, Annual Report lineorporaling the Directors. Report) for the financial
year for which the financial statements are prepared is consistent with the financial staternents.. and
the Oire¢lors' Report has been pwpared in accordance with applicable legal requirements.
Mattern on whlch we arg rgqulred to r•port by exception
In the light of our knowledge and understanding of the charitable company and ils environment obtained in the
course ofthe audit, we have not identified moterlal misstatements in the slr&legic report and the direclors. report.
We have nothing to report in respect of the following mallers in relallon lo which the Companies Act 2006
requires us lo report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been ￿ceiVed
from branches not visited by us., or
the financial slalemenls are not in agr8emenl with the aGGounling records and relums.. or
certain disclosures of directors, ￿muneration specified by law are not made, or
we have not received all the InfOrrnat￿n 8nd explanations we require for our audit.
ReJpon•lbllltle8 of trustees
As explained more fully in the Truslee5' Re$pon8ibililies S18tement sel out on page 6, the Trustees (who are
also the diwlors of the charitable company for the purposes of company lawl are ￿SpOnsIble for the
preparation ol the fi'nancial gtalemenls and for being satisfied that they give a true and fair view, and for such
internal control as the trustees determine is necessary lo enable the preparation of financial statements that are
free trom material misstatement, whether due to fraud or error.
In preparing the linancial statements. the TTusle6s 8re ￿spOnSible fora$se$ging the charitable company's ability
lo continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the trustees either intend lo liquidate the charitable company or lo cease
operations, or have no realistic alternative bul lo do so.
Audtt0￿• re8ponslbllltloJ for the audlt of the flnanclal ¥tatom•nts
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are Iree
from material misstalemenl, whether due lo fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audit Conducted in
accordance with ISAS IUKI will a￿vaYS delect a material misstatement when il exi5t5. Misslalements can arise
frorn fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to Influence the economic decisions of users taken on the basis of these financial slatemenls.
A further description of Oltr responsibilities for the audll of the flnancial statements is locatèd on the Financial
Reporting Council's website al.. www.frc.org.ukJauditorsresponsibilities. This description forms part ol our
8udrtor'8 report.
Irregularilie5, including fraud, are ins18nces of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above. lo detect material misstatements in respect of irregularilie5.
including fraud. The specific procedures for this engagement and the exlenl lo which these are capable of
detecting irregularities, including fraud is detailed below..
Enquiry of management, those charged with govern8nce and management around actual and potential
Iiligalion and ¢laims",
Reviewing rninutes of meetings of those charged with governance.,
Reviewing financia1 statement disclosures and testing to supporting documentstson lo assess compliance
with applicable laws and ￿gUlatIonS",
Performing audit work over the risk of management override of controls, including testing of journal entries
and other adjustment5 for appropriateness, evaluating the business rationale of significant transactions
outside the normal course of business and reviewing accounting e5tirnates lor bias.

Chipping Norton Theatre Limlted (The)
Report of the Independènt Auditorn
To The Mernbern of Chlpplng Norton Theatre Limitèd (continued)
Audftor's reBpon8lbilltles for the audit of the flnanclal statements {contlnuedl
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading lo a material misslalement in the financial statements or non-compliance with regulation. This
risk increase5 the more that compliance with a law or regulation is removed from the events and Ir8nsaclions
reflected in the financial slatemenls, as we will be less likely lo become aware of instances of non-compli8nce.
The risk is also greater regarding Irregularities occurring due lo fraud rather than error, as fraud involves
int8nlional concealment, forgery. collusion, omission or misrepresentation.
U•0 of our report
This report is made solaly lo the charitable company's members, as a body. in acGordanGe with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might stale to the charitable
company's members those mallers we are required to stsle to them in an auditor's r8POrt and for no other
purpose. To the lullesl extent permitted by law, we do not accapt or assume responsibility lo anyone other than
the charitable company and the charitable company's members as a body, for our audit work, for this report. or
for the opinions we have formed.
Mr Lo0 Baker FCA
Senlor Statutory Audltor
For and on behalf ofW•nn Townsend
statutory Audltor
Oxford
Date.. 191 December 2025

OCO(FJ
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Company Numb¢r: 1179918
Chlpplng Norton Theatre Llmlted (The)
Balance Sheet
at 31st March 2025
Nots
2025
2024
Tanglble flxed assots
Tangible assets
13
987,019
892.290
Current assots
Stocks
Debtor5
Bank accounts
Cash accounts
14
15
4,798
249,499
202,804
488
5,485
266,166
125,344
2,492
457,589
399,487
Current Ilabllltle•
Creditors.. Amounts falling due
within one year
16
1233,8241
1232,2051
N?t current assets I Ill•bllltle•}
223.965
167,282
Not a••ets
1,210.984
1,059,572
R•pr••ented by:"
Capltal fund•
Unrestricted funds
Designated lunds
Reslricled lunds
17
17
17
172,672
987,019
51,293
129,291
892,290
37,991
Total fund•
1,210,984
1,059,572
The financial statements have been prePa￿d in accordance with the speoial provisions of part 15 of the
Companies Act 2006 relating lo small companies.
Approved by the Council of Management on 1 st December 2025 and soned on their b8half by..
R Greav88
TruBteo
The annexed notes fomi part of these financial statements.
-11-

Chlpplng Norton Theatre Llmlted (The)
statement of Cash Flows
for the year ended 3181 March 2025
Note
2025
2024
Ca8h usgd in operatlng actlvltks
167,432
14S,8381
Ca8h flo￿ from inveoting actlvltlos
Interest income
Fixed asset purcha9es
2,753
194,7291
1.676
112,2901
Cuh (u8od) I provlded by Inve•tlng actlvltl•s
191,9761
110,6141
Increa5elldecrea5e) In cash and cash equivalents
in the year
75,456
156.4521
Cash and cash equlvalenls al the beginning of the year
127.836
184.288
Tot•1 cash and cash •qulval•nts at tho end of tho y•ar
203.292
127,836
-12-

Chlpplng Norton Theatre Limited (The)
Notss to the Iln•nclal Statements
for the year ended 31st March 2025
Accountlng pollcle8
al 8a8is ol preparntlon
These accounts have been prepared on an accruals basis and include income and expenditure as they
are eamed or incurred, rather than as cash is received or paid. The financial statements 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 Ihe UK and Republic of Ireland issued in October 2019, the Financial Reporting
Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Ch8nlies Act 2011,
and UK Generally Accepted Accounting Practs'ce.
The accounts include all the transactions, assets and liabilill8s for which the Charity is ￿SpOnsible In law.
The Charity conslilutes a public benèfit entity as defined by FRS 102.
bl Income
Voluntary income, including donations, gifts and grants a￿ recognised where there is enlillemenl.
certainty of receipt and the amount can be reliably measured. Voluntary income is deferred where the
donor has specified that the donation or grant musl be used in a future accounting period.
Investment income 1$ recognised on a receivable basis.
Income from charitable acts"vilies is recognised as eamed through the provision of goods and services.
l income is staled nel of VAT.
Income is deferred where admission fees or performance reLqled grants ar8 received in advance of the
perfomiances or events lo which they relate.
cl D•prèclatlon and dlmlnutlon In valu• of a889ts
Tangiblè fixed assets are staled at cost le88 depreciation.
Depreciation is provided at rates calculated lo write off the cost or valuation of fixed assets, les8 their
eslimaled resi¢Ju81 value, over their expected useful lives on the following bases..
Freehold buildings
Theatre equipment
Vehicles
None
25%
25%
reducing balance b8SIS
reducing balance basis
No depreciation is provided on the freehold buildings to the extent that the residual value is in excess of
the cost.
dl Stocks
Stock is included al the lower of cost or nel realisable value. Donated ilems of stock are ￿Cognised al
fair value which is the amount the charity would have been willing lo pay for the Items on the open market.
•) Loasing
Renta15 paid under operating leases ar& charged lo the income and expenditure account on straight line
basis over the term of the lease.
fl Accountlng dl8¢108uro8
In commn with many other companies of our stte and nature we use our auditors lo assist with the
preparation of the accounts.
g) Irrecoverablo VAT
The Charity is treated a5 partially exempl for VAT purposes and as such is not able to reclaim all of its
input VAT. The amount of irrecoverable VAT is included within support costs.
-13-

Chipping Norton Theatre Llmlted (Thg)
Notes to the flnanclal Statements {contlnuedl
forthe ye•r ended 318t March 2025
Actountlng pollcles Icontinued)
h) Expendlture
Expenditure is recognised when a liability is incurred.
Costs of generating funds are those costs inCUr￿d in altracling voluntary income in the form of donations
and gifts.
Charitable activities include 811 direct costs and support costs asso¢ialed with the staging of performances
and part￿ipatIon or education activities.
Governance cos15 represent those costs incurred in the overall governance of the charities and are
primarily 8ssocialed with the Gost ol complying with conskn'lulional and statutory requirements.
Support costs fepresenl central function costs and overheads, These costs have been allocated to
category using a suitable apportionment percentage based on the costs directly allributsble to each
category,
i) Ponslon co•t•
The charity operates a defi'ned contribution scheme for the benefit of qualifying employ8es. The costs of
contributions are recognised in the year in which they become payable.
Jl Fund accountlng
Unreslricled funds consist of a general fund which th& Trustees may use al their disc￿li0n for the
furtherance of the objects of the Charity.
Reslricled funds affj subi8ct to specific conditions Imposed by the donor or by the terms of an appeal.
those conditions being legally binding upon the Trustees.
k) Int•rn8t recelvable
Interest on funds held on deposit is included when receivable and the amount can be m8asured reliably
by the charity,. this is normally upon notification ol the inter851 paid or payable by the Bank.
11 Operatlng loa8e¥
The charity classifies the lease of printing. specialist lighting and audio equipm8nt as operating leases.,
the title lo the equipment remains with the lessor and the equipment is replaced every 5 years whi151 the
economi¢ life of such equipment is norfn8lly 10 years. Rental charges a￿ charged on a slraighl line basis
over the tem) of the lease.
rnl Debtorn
Trade and other d8blor$ are recognised at the 5elllement amount due after any trade discount offered.
Prepayments ar& valued al the amount prepaid net of any trade discounts due.
n) Ca•h at bank and In hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturlty of
three Tr￿nthS or less from the dale of acquisition or opening of the deposil or similar account.
ol Croditorn and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably result in the transfer of funds lo a third party and the amount due to settle th8
obligation can be measured or eslimaled reliabty. Creditors and provisions are normally recognised al
their selllemenl amount after allowing for any trade discounts due.
p) Financial inslrum•nts
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments Basic financial instruments are inil12lly recognised at transaction value and subsequently
measured at their settlement value with the ex￿ptIOn of bank loans which are subsequently measured at
amortised c05t using the effective interest method.
-14-

Chlpplng Norton Theatre Limited (The)
Notes to the flnanclal Statement8 Icontlnuedl
for the year ended 318t March 2025
A¢¢ountlng pollcles Icontinuedl
ql Golng concern
The Trustees are satisfied that the Theatre has adequate resefyes and that the forecasts for the next
tAvelve months and beyond are suilably positive for the accounts lo be prepared on a going concern basis.
L&go1 statu8 of Ihe charlty
The Charity is a wmpany limited by guarantee. incorporated in England and Wales. The liability of the
members in the event of a winding up is limited lo an amount not exceeding £1 per member.
Not movem•nt of funds
2025
2024
This is stal8d after charging..
Auditors, remuneration
audit of the financial slalemenls
lax compliance seryices
accountancy services
Depreciation of owned assets
8,400
500
14,300
7.800
500
14.300
1.489
Donatlons and leg•cl••
Unre•trlct8d Restrlcted
2025
2024
Fundraising and donalK*ns
Chipping Norton Theatre and Friends Trust
Friends, Committee Funds
Revenue grants
Government grants
- Chipping Norton T¢)wn Council
Enstone Parish Council
- WODC annual support funding
88,084
10,000
45,635
103,189
20,000
108,084
10,000
45,635
247,782
72,6C6
55,000
64,420
60,660
144,593
3,000
200
25,900
246,908
184.593
411,501
281.786
-15-

Chipplng Norton Theatre Llmlted (The)
Note8 to the Flnanclal Statements {conlinugd}
for the yearended 318t March 2025
Actlvltle8 for raSslng fund8
Unro8trlcted Restrlcted
2025
2024
Sponsorship
Front of house trading
Lettings income
External seNKes provision
22,320
138,111
74,742
2.419
22,320
138,111
74,742
2,419
20,441
125,044
40,454
856
237.592
237.592
186,795
In¥e8tm•nt ineomo
All of the investment income arises Irom Interest ￿ceiVed on interest-bearing deposit and current accounts.
Ineomo from ch•rlt•ble activities
Unr08trlctod RMtrl¢t•d
2025
2024
Pantomime
Live programme
External Event income
Cinema
Take Part programme income
Productions and projects Income
Booking fee and other income
Theatre Tax Relief
405.103
169.963
13,002
48,890
110,453
120,128
48,095
190,911
405,103
169,963
13,002
48,890
110,453
120,128
48,095
190,911
411.626
175,676
38,114
61,041
98,216
1 S,465
36,445
93,796
1,106,545
1.106,545 930.379
Co•t8 ol ralilng voluntary Income
Unro•trl¢ted Re•trlcted
2025
2024
Fundraising
51aff
other costs
30,600
14,701
7,181
30,600
14,701
7,181
5S,568
6,360
5,126
Support costs Isee note 12}
52,482
52.482
67,054
Costs of activiti•8 for ralslng funds
Unrgstrlcted Restrictod
2025
2024
Front of house
staff
other costs
28,457
58,667
40,783
21,544
28,457
58,667
40.783
21,544
80,942
52,D08
18,494
15,378
Lettings
Support costs
149,451
149,451
166,822
-16-

Chlpplng Norton Theatre Llmlted (The)
Notes to the Financlal Statements {continuedl
for th8 year ondod 31st March 2025
10. Expenditur• on charitablo activities
Unrestri¢tod
Rostrictod
2025
2024
Pantomime
234,803
234,803
218,603
Live programme
114,8S6
114,856
121,077
External and ¢ollaborative events
10,533
10,533
29,285
Productions and projects
146.134
146,134
10.981
Take Part
staff
other
48.559
101.179
54.025
56,367
110,392
Clnema
27.039
27.039
33.266
Box offi'ce
staff
other
36,437
35,395
36,437
35,395
59,655
33.265
Support costs
889,262
195
689,457
492,115
1.348,484
56.562
1,405,048
1,147,985
11. Staff eosts
The avèrage numter of persons employed by the ￿MPanY ¢Juring the year was as follows..
2025
2024
Production
Adminislralion and management
43
47
46
50
The aggregate payroll Costs were as follows..
2025
2024
Wages and salaries
Social security
Employers Pension
478,647
30,166
8,823
424,958
24,364
7,749
522,756
457,071
No member of staff received total employee bènefi'ts of more than £60.000 during the current or previous
financial year.
No remuneration was paid. nor any expenses reimbursed. to any Trustee during the current or previous
financial year.
During the year, the Theatre paid £6,995 {2024.' £nill in redundancy payments to one employee.
The charity's senior management team represent their key management personnel. Total remuneration for
the year was £125,07912024'. £118,660).
-17-

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C CD

Chlpplng Norton Theatre Limitèd {Thel
Notes to the Financlal Statement8 (continued)
forthe year ended 318t March 2025
13. Tanglble fixod assgts
Freehold
Land and
Theatre
Buildings Equlpment
Total
Cost:
Al 1st Apfil 2024
Additions
892,290
294,897
94,729
1.187,187
94,729
At 315t March 2025
892.290
390.082
1.187,187
Deprnclatlon
Al 1st April 2024
Charge for the year
294,897
294,897
At 31st March 2025
294,897
294,897
Net book v•lu•:
Al 31st March 2025
892,290
94,729
987,019
Al 31st March 2024
892,290
892,290
14. Stock•
2025
2024
Goods for resale
4,798
5,485
10. D•btorn and propaym•nt8
2026
2024
Amounts falllng due wlthln one year:
Trade debtors
Prepayments and accrued income
Theatre lax relief recover8ble
6,582
50,792
192,125
15.868
38.971
211.327
249,499
266.166
16. Cr•dltorn
2025
2024
Amounts falling du• within one year:
Trade creditors
Accruals and deferred income
VAT creditor
Other creditors
66,631
119,743
995
46,255
46,070
144,097
1,443
40,595
233,624
232,205
-19-

Chipping Norton Thoatr• Llmlted (The)
Notes to tho Financlal Statement8 {contlnued)
for th• year ended 31st March 2025
17. Re8qrves
Balance at
1st April 2024
Balance at 31st
March 2025
2025
Income Expondlture
Transfers
Unrestricted
129,291
1,593,798
11,550,417)
172,672
Des@n8t8d
Property Fund
892,290
94,729
987,019
Restricted
LED Project
Foundation Stones
Bursaries
Take Part Projects
94,729
{94,729)
900
24,591
12.500
900
33,239
17,154
22,848
47,016
114,2001
{42,3621
Total Restricted
37.991
164,593
156,5621
194,7291
51,293
1,059,572
1,758,391
11,6C6.9791
1.21a,984
Bal•nco at
18t Aprll 2023
B•l•n¢o at 3181
Mar¢h 2024
2024
Income
Exp•ndltur•
Tran8forn
Unrestr¢ted
87,501
1,383,367
11,321,577}
129,291
Désignatod
Proparty Fund
880.000
12,290
892,290
Reslricled
Foundation Stones
Wel Room
Bursaries
Take Part Projects
900
15,401
32,207
24,788
900
4,538
soo
32,231
17,6491
18,1161
144,5191
{12.2901
24,591
12,500
Totsl Reslricled
73,296
37,269
160.2841
112,2901
37.991
1,040,797
1,400,636
11,381.8611
1,059,572
The Property Fund represents the nel book value of the theatre building.
During the current and previous financial years, a number of other restricted funds were received in respect
of specific projects that have either been completed or will be completed. These are clearly name(J above
and include,. LED Project. Foundation Stones, Wel Room. All fvnds are expected lo be fully expended in the
next financial year.
Bursaries is a holding fund for the Tony and Judith Yarrow Bursary Fund used lo fund places and support for
people lo access the Take Part programme. 11 also funds in ils entirety the cost of the SEN Youth Theatr6
group
The Take Part Projects fund is used fof ftjnding given for 8 range of community and oulreaoh projects
spanning multiple years.

Chlpplng Norton Th•¥tr• Limited (The)
Notes to tho Flnanclal Statements Icontinufjd)
forlhg year gnded 31st Mafch 2025
18. An•lysis of net ai$o18 botwwn funds
Unrestrictsd
funds
Ro8trl¢tod
funds
Doslgnatgd
funds
Total
funds
2025
Tangible fixed assets
Current assets
Current liabilities
987,019
987.019
457,589
1233.6241
406,296
1233,6241
51,293
Net assets at 31st March 2025
172,672
51,293
987.019
1,210,984
Llnrnstricted
fund•
R•8tri¢tod
funds
De61gnated
funds
Total
fund8
2024
Tangible fi'xed assets
Current assets
Current l￿bilitIeS
892,290
892,290
399,487
1232,2051
361,496
1232,2051
37,991
Net assets at 315t March 2025
129.291
37.991
892,290
1,059,572
19. Rol•ted party tran8•ctlon•
During the year, the Th8alre entered into the following related party Iransactton8'.
The Theatre invoiced £4,69112024.' £7201 lo Cleenol Group Ltd, a cornpany in which R Greaves is diwlor,
for theatre hire. The balance due from Cleenol Group Ltd al the year end was £nil12024'. £7201.
The Theatre invoiced £nil12024.' £801 to Lawrence Home Nursing Team Ltd, a charity in which R G￿aVe$
18 a director, for room hire. The Theatre also paid £nil {2024.' £5,945) to L8WTen¢e Home Nursing Team
that had been raised on ils behalf. The balance to from Lawrence Home Nursing Team Ltd al the year end
was £Nil12024. £1991.
The Theatre was invoiced t3,11612024.. £3,054) by Robinson Technical SeNices Ltd, a company in which
J RObin￿n is a D1￿ClOr, for building maintenance services. The balance due lo Robinson Technical
S&rvices Ltd at the year end was £nil12024.' £nill.
The Theatre was invoiced £nil (2024.. £2,509) by Grayling Thomas Architects Limited. a company in whSch
A Thomas is a Director, for professional services prov￿ed. The balance due lo Grayling Thomas Architects
Limited al the end was £nil12024.' £nill.
The Theatre received £30,00012024." £nil} of reslricled donations from the CHK Foundation. a charity of
which C Peake is a Tru519e.
The Theat￿ al80 ￿CeIVed £2,529 12024.. £nil} of unrestricted donations from a charity with 8 shared
Trustee.
-21-

Chipping Norton Theatre Llmlted {Tho1
Not•s to the Flnanclal St•temonts Iconllnuodl
for the year ended 31st March 2025
20. Reconclllation of nel mov8m8nt In funds to n•t ca8h flow from operatlng actlvltle•
2025
2024
Nel movement in funds
Add back depfeciation charge including loss on disposal
Deduct interest income shown in investing activitses
Ilnorea$clldocrooGo in stock
Ilncreasel in debtors
Oecrease in creclitors
151.412
18,775
1,489
11.6761
13.1191
186,251}
24,944
{2,7531
687
16,667
1,419
Ngt cash u•od In op•rntlng activltl••
167.432
{45,8381
-22-