**Charity number: 276271** 

## **RICHMOND SHAKESPEARE SOCIETY** 

## **UNAUDITED** 

**TRUSTEES' REPORT AND FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 30 JUNE 2025** 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **CONTENTS** 

||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 7|
|**Independent examiner's report**|8 - 9|
|**Statement of financial activities**|10|
|**Balance sheet**|11|
|**Notes to the financial statements**|12 - 25|





## **RICHMOND SHAKESPEARE SOCIETY** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2025** 

|**Trustees**|F Abbott,  Custodian Trustee|
|---|---|
||S Bartlett,  Chairman until 14 October 2024; Custodian Trustee|
||A Medawar, Chairman from 14 October 2024 (appointed 14 October 2024)|
||M King, Hon. Secretary to 31 January 2025 (resigned 31 January 2025)|
||C Phillips, Assistant secretary from 21 August 2024 to 31 January 2025;  Hon.<br>Secretary from 1 February 2025|
||D Campbell, Assistant secretary until 21 August 2024 (resigned 14 October 2024)|
||J Pyle, Assistant secretary from 1 February 2025 (appointed 1 February 2025)|
||E Hertzman, Hon. Treasurer|
||M Pearce|
||R Figaro|
||S Gascoine|
||E Moles (resigned 28 August 2024)|
||J Gilbert (resigned 14 October 2024)|
||T Bedell (resigned 14 October 2024)|
||T Byrne (resigned 14 October 2024)|
||M Graham (resigned 14 October 2024)|
||L Stenson (resigned 13 February 2025)|
||G Warren (appointed 14 October 2024)|
||C Messum (appointed 14 October 2024)|
||C Horobin (appointed 14 October 2024)|
||R Bentley (appointed 16 December 2024)|
||A O'Keeffe (appointed 26 February 2025)|
|**Charity registered**<br>**number**<br>276271<br>**Principal office**<br>Mary Wallace Theatre<br>The Embankment<br>Twickenham<br>TW1 3DU<br>**Accountants**<br>Feltons Chartered Accountants<br>1 The Green<br>London<br>TW9 1PL<br>**Bankers**<br>National Westminster Bank plc<br>22 George Street<br>Richmond<br>TW9 1JW<br>CCLA Investment Management Limited<br>One Angel Lane<br>London,<br>EC4R 3AB<br>CAF Bank Ltd<br>25 King's Avenue<br>West Mailing<br>ME19 4TA||



Page 1 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **TRUSTEES' REPORT FOR THE YEAR ENDED 30 JUNE 2025** 

The Trustees present their report with the financial statements of Richmond Shakespeare Society for the year ended 30 June 2025. 

## **Objectives and activities** 

## **a. Main activities undertaken to further the Charity's purposes for the public benefit** 

The rules of the Society provide that the objects of the Society are: 

The promotion of knowledge and appreciation by the public of drama and of the works of Shakespeare in particular, and poetry generally, within the area of Richmond upon Thames. 

In furtherance of the above object but not otherwise the Society shall have power to engage in the production of Shakespearean and other dramatic works for the purpose of fulfilling the first stated object. 

The encouragement amongst members of the Society and of the public at large of the study and discussion of the works and historical background of Shakespeare. 

The study and teaching of all or any matters relating to amateur theatre. 

In furtherance of these objects the Society produces each year a season of plays and related activities. 

The Trustees confirm that they have had due regard to the public benefit guidance published by the Charity Commission in exercising their powers and duties as required by section 4 of the Charities Act 2011. 

Membership of the Society is open to all members of the community and all members and their guests are entitled to attend performances and other events that the Society mounts in furtherance of its objects. Anyone wishing to be cast in a production must do so via the open audition process for the show. If cast they must become full members of the Society. 

Part of the Society’s activities is to run the RSS Young Actors Company and the RSS Junior Actors Company for persons aged between 9 and 18 years. Membership of these companies is open to all and each Company meets weekly. Members of the RSS Young Actors Company and RSS Junior Actors Company each partake in an annual production at the Mary Wallace Theatre. 

The Society is a member of the Church Street Association in Twickenham and partakes in events organised by such associations. 

The Society is a member of The Little Theatre Guild of Great Britain and is represented at the Guild's conferences. 

Page 2 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** 

## **Achievements and performance** 

## **a. Main achievements of the Charity** 

In early 2025, we applied to become a Charitable incorporated Organisation (CIO). Being a CIO will simplify operations and reduce personal risk for trustees. It allows the charity to act in its own name for contracts and property ownership, whilst still providing a continued streamlined regulatory experience overseen by the Charity Commission. 

We completed work to ensure the building meets up to date legal and best practice standards for fire prevention and for health and safety. We have also taken steps to improve our accessibility, particularly for partially hearing people by working on the introduction of captioned performances. Training and team development has been delivered in support of improvements to how front of house, box office, intimacy support, stage management and other teams provide their services. 

Artistically we have delivered a comprehensive and popular season including _Cyrano de Bergerac_ (our outdoor production), _American Buffalo, Arden of Faversham, The Unexpected Guest, Table Manners, Tis a Pity She’s a Whore_ and _Joseph K and the Cost of Living_ , and our Best Production Swan nomination Rattigan’s _While the Sun Shines_ . The two Youth Theatre productions for each of Junior and Young actors were well received. Across all these shows, we have welcomed new actors and directors and backstage crew while maintaining our commitment to inclusive casting and equal access for all. 

## **Financial review** 

## **a. Going concern** 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 

## **b. Financial review, risk management objectives and policies** 

All receipts and payments are recorded using a commercial accountancy software system. The accountancy record files are backed up on a cloud storage facility. Electronic and paper copies of all invoices or claim forms are maintained and paper copies of all receipts submitted with claim forms are retained. There is a robust system used for authorising and paying claims and monitoring payment receipts. This enables the financial position of the Society to be recorded accurately and monitored. 

The Society recorded income less expenditure of £ 18,718 for the year ending 30 June 2025. The split of this amount by fund is shown in Table 1. 

Page 3 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** 

## **Table 1 Income and expenditure £ 2024/25** 

|Income<br>Expenditure<br>Income less<br>expenditure<br>General fund<br>120,785<br>(123,577)<br>(2,792)|Income<br>Expenditure<br>Income less<br>expenditure<br>General fund<br>120,785<br>(123,577)<br>(2,792)|Income<br>Expenditure<br>Income less<br>expenditure<br>General fund<br>120,785<br>(123,577)<br>(2,792)|Income<br>Expenditure<br>Income less<br>expenditure<br>General fund<br>120,785<br>(123,577)<br>(2,792)|
|---|---|---|---|
|Legacy fund|68,278|(45,600)|22,678|
|Contingency fund|-|-|-|
|Leasehold Property fund|-|(1,168)|(1,168)|



The Society recorded income less expenditure of £ (6,417) for the year ending 30 June 2024. The split of this amount by fund is shown in Table 2. 

## **Table 2 Income and expenditure £ 2023/24** 

|Income<br>Expenditure<br>Income less<br>expenditure|Income<br>Expenditure<br>Income less<br>expenditure|Income<br>Expenditure<br>Income less<br>expenditure|Income<br>Expenditure<br>Income less<br>expenditure|
|---|---|---|---|
|General Fund|121,161|(122,700)|(1,539)|
|Legacy fund|10,000|(13,710)|(3,710)|
|Contingency fund|-|-|-|
|Leasehold Property fund|-|(1,168)|(1,168)|



The income less expenditure of the General fund reflects the underlying performance of the Society. It excludes any legacies received in the year, the cost of assets purchased by the Legacy fund and fully recognised in the year, depreciation on assets previously acquired by the Legacy fund and depreciation on the leasehold property. 

The income less expenditure of the General fund in 2024/25 showed a small decrease from that in 2023/24; both years showed a small negative result. Donations (which exclude legacies) in both years were similar. There was around a £5,000 decrease in investment income, due to reductions in interest rates. There was around a £5,000 increase in profits from theatrical activities. This was due to: 

- A small improvement in the result for the summer show in 2024 compared to 2023; the summer show still 

- showed a loss, but smaller than the loss in 2023 

- a September production took place in 2024; the September 2023 production did not take place because 

- of the work on the foyer refurbishment 

- a gradual increase in the seating capacity of the MWT during 2025. 

The legal costs in 2024/25 of setting up the CIO were charged to the legacy fund, so did not impact the results of the General fund in that year. The overhead costs were very similar between the two years, but there were large increases due to the H&S work, offset by reductions in other areas. There was a much smaller year to year change; the previous two years showed around a £12,000 year to year increase in overhead costs both between 2021/22 to 2022/23, and between 2022/23 to 2023/24.  We have identified areas where we believe we can achieve savings next year, so it is hoped that we can move gradually to a position where the income less expenditure of the General fund does not depend on investment income to show a positive result. This source of income is not a long-term feature, as the proceeds of legacies, which generate this income, will decrease as amounts are invested over time. It may not be possible to reduce overhead costs sufficiently to compensate for 

Page 4 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** 

this loss of income, and other methods may need to be considered. Ticket prices were increased this year, as that was one method we were able to use to improve the result of the General fund. 

The total funds as on 30 June 2025 are £792,986. The split is as follows: 

- General fund £ 64,377 

- Legacy fund £ 589,376 

- • Contingency fund £75,000 

- Leasehold Property fund £ 64,233 

The free reserves on 30 June 2025 are £43,960. This is derived as the General fund (£64,377) less tangible fixed assets allocated to the General fund (£20,417). 

The Society’s reserve policy is to maintain a minimum level of free reserves of £20,000. This reserve policy is reviewed annually. In addition, the Contingency fund stands at £75,000, which is available to cover exceptional expenses and losses. 

## **Structure, governance and management** 

## **a. Constitution** 

The Society is a registered Charity and is governed by the rules of the Richmond Shakespeare Society as amended at the special general meeting held at the Mary Wallace Theatre on 6 July 1987 and subsequently amended at various AGMs and SGMs. 

## **b. Methods of appointment or election of Trustees** 

Trustees are elected annually by the Society in General Meetings from ordinary or honorary life members who are willing to be so appointed. 

## **c. Organisational structure and decision-making policies** 

The Society is managed by the Officers (Chairman, Secretary, Assistant Secretary and Treasurer) who, with eight members of the General Committee, meet monthly to conduct the business of the Society. They are assisted by the Membership Secretary and various permanent and ad-hoc groups, appointed as the need arises. These include the elected Play Selection Committee, the Health and Safety Committee, the Equality, Diversity and Inclusion Working Group and the Summer Show Working Group. 

## **d. Financial risk management** 

Major risks to which the Charity faced have been identified. The Trustees have set up the appropriate and robust financial procedure and budget for the coming year. Committee members have regular meetings in order to monitor, control, analyse and review business activities. By doing so, the Charity is able to identify risks and develop remedies to deal with them in an effective and efficient way. 

Page 5 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025** 

## **Plans for future periods** 

As part of our continuing work to ensure that the charity is fit for the future, we are currently finalising the changes that will see the charity re-born as Richmond Shakespeare Society CIO and the closure of the Mary Wallace Theatre Club. 

At the same time, we are making sustainable improvements to the operations of the Society’s home, the Mary Wallace Theatre. Building on the improvements we made in the last year, we will in 2025-2026 explore options for creating wheelchair access, and we have begun discussions with Richmond Council about the potential for the theatre, as an asset of community value, to the implementation of the Richmond Climate and Nature Strategy (2025-2030). 

Finally, as we approach the centenary of the Society’s foundation by Mrs Gladys Louise Eriksen and through the combined efforts of our trustees and volunteers, we will continue to strive to deliver an artistic programme that blends the best of modern theatre with new interpretations of the works of Shakespeare while, through our Young Actors’ Company, we will continue to work hard to inspire young people to fulfil their potential. 

## **Funds held as custodian** 

The lease of the property is held by two of the Trustees on behalf of the Charity. 

Page 6 



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Pag& 7

## **RICHMOND SHAKESPEARE SOCIETY** 

## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 JUNE 2025** 

## **Independent Examiner's Report to the Trustees of Richmond Shakespeare Society ('the Charity')** 

I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 30 June 2025. 

## **Responsibilities and Basis of Report** 

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). 

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent Examiner's Statement** 

Your attention is drawn to the fact that the Charity has prepared the accounts 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. 

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 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 accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' 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 examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. 

Page 8 



RICHMOND SHAKESPEARE SOCIETY
INDEPENDENT EXAMINER'S REPORT ICONTINUEDI
FOR THE YEAR ENDED 30 JUNE 2025
Dated-.
IL&Izs
Richard Rhodes
Chartered accountant
1 The Green, Richmond, Surrey TW9 1PL
Page 9

## **RICHMOND SHAKESPEARE SOCIETY** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2025** 

|**Note**<br>**Income from:**<br>Donations and legacies<br>3<br>Charitable activities<br>4<br>Investments<br>6<br>**Total income**<br>**Expenditure on:**<br>Raising funds<br>7<br>Charitable activities<br>8<br>**Total expenditure**<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>Net movement in funds<br>**Total funds carried forward**|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>**88,067**<br>**79,188**<br>**21,808**<br>**189,063**<br>**1,500**<br>**168,845**<br>**170,345**<br>**18,718**<br>**774,268**<br>**18,718**<br>**792,986**|**Total**<br>**funds**<br>**2025**<br>**£**<br>**88,067**<br>**79,188**<br>**21,808**<br>**189,063**<br>**1,500**<br>**168,845**<br>**170,345**<br>**18,718**<br>**774,268**<br>**18,718**<br>**792,986**|_Total_<br>_funds_<br>_2024_<br>_£_<br>_29,447_<br>_73,997_<br>_27,717_<br>_131,161_<br>_1,403_<br>_136,175_<br>_137,578_<br>_(6,417)_<br>_780,685_<br>_(6,417)_<br>_774,268_|
|---|---|---|---|



The Statement of Financial Activities includes all gains and losses recognised in the year. 

The notes on pages 12 to 25 form part of these financial statements. 

Page 10 



RICHMOND SHAKESPEARE SOCIETY
BALANCE SHEET
AS AT 30 JUNE 2025
2025
2024
Tangible assets
12
300.069
229.577
229,577
Currnnt
Debtors
Cath * arKI in haThl
13
20N28
485.728
40,460
515,013
608,156
55&473
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y￿r
14
113229)
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491927
544.691
Totsl ••••ts 1•9• curront Il•bllltlo1
792.988
774.268
N•ta880ts
792,986
774,268
Total n•t M••l•
792.986
7T4,268
Ch•rfty fvnd•
Restrithd fund8
Unr•8lrided l￿d8
15
15
791986
TT4,208
Total fund•
791986
774,268
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Pag011

**RICHMOND SHAKESPEARE SOCIETY** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **1. General information** 

The Society is a registered Charity and is governed by the rules of the Richmond Shakespeare Society as amended at the special general meeting held at the Mary Wallace Theatre on 6 July 1987 and subsequently amended at various AGMs and SGMs. 

The address of the principal office of the Charity is given on page 1 of these financial statements. 

The nature of the Charity's operations and principal activities are detailed in the Trustees' Report. 

## **2. Accounting policies** 

## **2.1 Basis of preparation of financial statements** 

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. 

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

Richmond Shakespeare Society meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

## **2.2 Income** 

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Incoming resources from charitable activities are accounted for when the production takes place. 

Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. 

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured. 

Page 12 



## **RICHMOND SHAKESPEARE SOCIETY** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **2. Accounting policies (continued)** 

## **2.3 Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. 

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. 

All expenditure is inclusive of irrecoverable VAT. 

## **2.4 Interest receivable** 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 

## **2.5 Tangible fixed assets and depreciation** 

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. 

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. 

Depreciation is provided on the following bases: 

|Long-term leasehold property|- Straight line basis over 99 years|
|---|---|
|Leasehold Improvements|- Straight line basis over 30 years|
|Stage Refurbishment|- Straight line basis over 30 years|
|Fixtures and fittings|- Straight line basis over 5 years|
|Equipment|- Straight line basis over 5 years|



## **2.6 Debtors** 

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

Page 13 



## **RICHMOND SHAKESPEARE SOCIETY** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **2. Accounting policies (continued)** 

## **2.7 Cash at bank and in hand** 

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **2.8 Liabilities and provisions** 

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. 

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 

## **2.9 Financial instruments** 

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

## **2.10 Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. 

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. 

Investment income, gains and losses are allocated to the appropriate fund. 

Page 14 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **3. Income from donations and subscriptions** 

|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>Donations<br>9,766<br>Legacies<br>68,278<br>Membership subscriptions<br>10,023<br>88,067|**Total**<br>**funds**<br>**2025**<br>**£**<br>**9,766**<br>**68,278**<br>**10,023**<br>**88,067**|_Total_<br>_funds_<br>_2024_<br>_£_<br>_9,384_<br>_10,000_<br>_10,063_|
|---|---|---|
|||_29,447_|



## **4. Income from charitable activities** 

|Box Office - Main and Youth Productions<br>Young Actors and Junior Actors Companies<br>Other Theatrical Activities|**Unrestricted**<br>**funds**<br>**2025**<br>**£**<br>71,392<br>6,176<br>1,620<br>79,188|**Total**<br>**funds**<br>**2025**<br>**£**<br>**71,392**<br>**6,176**<br>**1,620**<br>**79,188**|_Total_<br>_funds_<br>_2024_<br>_£_<br>_66,966_<br>_5,506_<br>_1,525_|
|---|---|---|---|
||||_73,997_|



Page 15 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **5. Theatrical Productions** 

|2025<br>Income<br>2025<br>Expenditure<br>2024<br>Income<br>2024<br>Expenditure|2025<br>Income<br>2025<br>Expenditure<br>2024<br>Income<br>2024<br>Expenditure|2025<br>Income<br>2025<br>Expenditure<br>2024<br>Income<br>2024<br>Expenditure|2025<br>Income<br>2025<br>Expenditure<br>2024<br>Income<br>2024<br>Expenditure|2025<br>Income<br>2025<br>Expenditure<br>2024<br>Income<br>2024<br>Expenditure|
|---|---|---|---|---|
|Box Office-Main and Youth Productions|71,392|39,401|66,966|38,364|
|Young Actors and Junior Actors Companies|6,176|7,803|5,506|7,927|
|Other Theatrical Activities|1,620|524|1,525|1,603|
|Sub-total|79,188|47,728|73,997|47,894|
|Total expenses|(47,728)||(47,894)||
|Net Production Income|31,460||26,103||



## **6. Investment income** 

||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2025**|**2025**|_2024_|
||**£**|**£**|_£_|
|Interest Received|21,808|**21,808**|_27,717_|



## **7. Expenditure on raising funds** 

## **Costs of raising voluntary income** 

||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2025**|**2025**|_2024_|
||**£**|**£**|_£_|
|"Rumour" Costs|1,500|**1,500**|_1,403_|



Page 16 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **8. Analysis of expenditure on charitable activities** 

## **Summary by fund type** 

|Main and Youth Productions<br>Young Actors and Junior Actors Companies<br>Other Theatrical Activities<br>Other Theatrical and Establishment Costs|**Unrestricte**<br>**d funds**<br>**2025**<br>**£**<br>39,401<br>7,803<br>524<br>121,117<br>168,845|**Total**<br>**2025**<br>**£**<br>**39,401**<br>**7,803**<br>**524**<br>**121,117**<br>**168,845**|_Total_<br>_2024_<br>_£_<br>_38,364_<br>_7,927_<br>_1,603_<br>_88,281_|
|---|---|---|---|
||||_136,175_|



## **9. Analysis of expenditure by activities** 

|Main and Youth Productions<br>Young Actors and Junior Actors Companies<br>Other Theatrical Activities<br>Other Theatrical and Establishment Costs|**Activities**<br>**undertaken**<br>**directly**<br>**2025**<br>**£**<br>39,401<br>7,803<br>524<br>-<br>47,728|**Support**<br>**costs**<br>**2025**<br>**£**<br>-<br>-<br>-<br>121,117<br>121,117|**Total**<br>**funds**<br>**2025**<br>**£**<br>**39,401**<br>**7,803**<br>**524**<br>**121,117**<br>**168,845**|_Total_<br>_funds_<br>_2024_<br>_£_<br>_38,364_<br>_7,926_<br>_1,603_<br>_88,282_|
|---|---|---|---|---|
|||||_136,175_|



Page 17 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **9. Analysis of expenditure by activities (continued)** 

## **Analysis of support costs** 

|Depreciation and impairment charge<br>Business and water rates<br>Cleaning<br>Costumes and props for stock<br>Light and heat<br>Printing, postage stationery<br>Insurance<br>IT expenses<br>Telephone and internet<br>Staff training and subscriptions<br>General expenses<br>Repairs and maintenance<br>Publicity<br>PRS and PPL<br>Hire of rehearsal rooms<br>Front of house expenses<br>Sound & lighting equipment<br>Set building general expenses<br>Health and safety and off-site storage<br>Bank charges<br>Legal and Independent examiner's fees - governance costs|**Other**<br>**Theatrical**<br>**and**<br>**Establishme**<br>**nt Costs**<br>**2025**<br>**£**<br>18,400<br>1,026<br>6,053<br>438<br>4,887<br>4,949<br>8,364<br>587<br>1,343<br>1,152<br>1,340<br>3,771<br>5,118<br>-<br>11,755<br>1,095<br>720<br>3,022<br>15,168<br>211<br>31,718<br>121,117|**Total**<br>**funds**<br>**2025**<br>**£**<br>**18,400**<br>**1,026**<br>**6,053**<br>**438**<br>**4,887**<br>**4,949**<br>**8,364**<br>**587**<br>**1,343**<br>**1,152**<br>**1,340**<br>**3,771**<br>**5,118**<br>**-**<br>**11,755**<br>**1,095**<br>**720**<br>**3,022**<br>**15,168**<br>**211**<br>**31,718**<br>**121,117**|_Total_<br>_funds_<br>_2024_<br>_£_<br>_15,517_<br>_786_<br>_5,888_<br>_2,006_<br>_6,324_<br>_4,726_<br>_8,486_<br>_638_<br>_1,163_<br>_1,018_<br>_1,992_<br>_3,911_<br>_13,444_<br>_575_<br>_7,705_<br>_1,696_<br>_612_<br>_759_<br>_6,476_<br>_60_<br>_4,500_|
|---|---|---|---|
||||_88,282_|



## **10. Independent examiner's remuneration** 

The independent examiner's remuneration amounts to an independent examiner fee of £1,170 ( _2024_ - _£1,110_ ), and preparation of the accounts of  of £1,181 ( _2024_ - _£1,110_ ). 

Page 18 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **11. Trustees' remuneration and expenses** 

During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ . 

During the year ended 30 June 2025, expenses totalling _£_ 12,531 were reimbursed to 10 Trustees _(2024 - £16,352 to 10 Trustees)_ The expenses comprised reimbursement for production expenses, costumes, health and safety, off site storage, stationery, software licence fee, technical equipment, set building, publicity, cast sheets, repairs & maintenance, front of house, scripts and meeting expenses. 

## **12. Tangible fixed assets** 

|**Cost or valuation**<br>At 1 July 2024<br>Additions<br>At 30 June 2025<br>**Depreciation**<br>At 1 July 2024<br>Charge for the year<br>At 30 June 2025<br>**Net book value**<br>At 30 June 2025<br>_At 30 June 2024_|**Long-term**<br>**leasehold**<br>**property**<br>**£**<br>**115,663**<br>**-**<br>**115,663**<br>**50,262**<br>**1,168**<br>**51,430**<br>**64,233**<br>_65,401_|**Leasehold**<br>**Improveme**<br>**nts**<br>**£**<br>**218,750**<br>**79,395**<br>**298,145**<br>**102,576**<br>**6,652**<br>**109,228**<br>**188,917**<br>_116,174_|**Stage**<br>**Refurbish**<br>**ment**<br>**£**<br>**30,000**<br>**-**<br>**30,000**<br>**8,583**<br>**1,000**<br>**9,583**<br>**20,417**<br>_21,417_|**Fixtures**<br>**and fittings**<br>**£**<br>**32,725**<br>**-**<br>**32,725**<br>**24,508**<br>**2,054**<br>**26,562**<br>**6,163**<br>_8,217_|**Equipment**<br>**£**<br>**62,765**<br>**9,487**<br>**72,252**<br>**44,397**<br>**7,526**<br>**51,923**<br>**20,329**<br>_18,368_|**Total**<br>**£**<br>**459,903**<br>**88,882**|
|---|---|---|---|---|---|---|
|||||||**548,785**|
|||||||**230,326**<br>**18,400**|
|||||||**248,726**|
|||||||**300,059**|
|||||||_229,577_|



Page 19 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **13. Debtors** 

|**Due within one year**<br>Balance with Mary Wallace Theatre Club<br>Other debtors<br>Prepayments and accrued income|**2025**<br>**£**<br>**16,612**<br>**18**<br>**3,798**<br>**20,428**|_2024_<br>_£_<br>_29,263_<br>_1,616_<br>_9,581_|
|---|---|---|
||||
|||_40,460_|



## **14. Creditors: Amounts falling due within one year** 

|Trade creditors<br>Accruals and deferred income|**2025**<br>**£**<br>**10,878**<br>**2,351**<br>**13,229**|_2024_<br>_£_<br>_8,562_<br>_2,220_|
|---|---|---|
||||
|||_10,782_|



Page 20 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **15. Statement of funds** 

## **Statement of funds - current year** 

|**Balance at 1**<br>**July 2024**<br>**£**<br>**Unrestricted funds**<br>**Designated funds**<br>Legacy fund<br>**566,698**<br>Contingency fund<br>**75,000**<br>Leasehold Property Fund<br>**65,401**<br>**707,099**<br>**General funds**<br>General Funds - all funds<br>**67,169**<br>**Total Unrestricted funds**<br>**774,268**|**Income**<br>**£**<br>**68,278**<br>**-**<br>**-**<br>**68,278**<br>**120,785**<br>**189,063**|**Expenditure**<br>**£**<br>**(45,600)**<br>**-**<br>**(1,168)**<br>**(46,768)**<br>**(123,577)**<br>**(170,345)**|**Balance at**<br>**30 June**<br>**2025**<br>**£**<br>**589,376**<br>**75,000**<br>**64,233**|
|---|---|---|---|
||||**728,609**|
||||**64,377**|
||||**792,986**|



Page 21 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **15. Statement of funds (continued)** 

**Statement of funds - prior year** 

|**Unrestricted funds**<br>**Designated funds**<br>Legacy fund<br>Contingency fund<br>Leasehold Property Fund<br>**General funds**<br>General Funds - all funds<br>**Total Unrestricted funds**|_Balance at_<br>_1 July 2023_<br>_£_<br>_570,408_<br>_75,000_<br>_66,569_<br>_711,977_<br>_68,708_<br>_780,685_|_Income_<br>_£_<br>_10,000_<br>_-_<br>_-_<br>_10,000_<br>_121,161_<br>_131,161_|_Expenditure_<br>_£_<br>_(13,710)_<br>_-_<br>_(1,168)_<br>_(14,878)_<br>_(122,700)_<br>_(137,578)_|_Balance at_<br>_30 June_<br>_2024_<br>_£_<br>_566,698_<br>_75,000_<br>_65,401_|
|---|---|---|---|---|
|||||_707,099_|
|||||_67,169_|
|||||_774,268_|



Page 22 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **15. Statement of funds (continued)** 

## **Purposes of the designated funds** 

The purposes of each fund are as follows: 

## **Legacy Fund** 

Legacies received by the Society are credited to the Legacy fund. Legacies of £68,278 were received in the current year, and total legacies received to date are £ 727,121. The objective is to spend the legacies received on projects which it would be difficult to fund out of normal operations. This fund also enables the spending of legacies to be separately identifiable. 

Over the years, fixed assets and expenses costing £353,154 with a net book value at 30 June 2025 of £215,409 have been purchased with legacies received by the Society. Depreciation on these assets is charged to the legacy fund. 

The Trustees are currently considering a range of possible projects to utilise the balance of  £589,376, less amounts required for depreciation on existing purchases of £215,409. 

## **Contingency Fund** 

There are risks that unforeseen expenses could arise from, for example, unexpected repairs being needed to the Mary Wallace Theatre or adverse weather conditions leading to the cancellation of performances of the Summer Show, thus giving rise to losses. The Trustees consider it prudent to set aside an amount to cover expenses and losses which the Trustees consider to be exceptional. 

The Contingency Fund is £75,000. 

## **Leasehold Property Fund** 

The leasehold property fund is closely associated with the lease held by the Society on the Mary Wallace Theatre. It is not available to fund expenditure. 

The Leasehold Property Fund is currently £ 64,233. 

Page 23 



## **RICHMOND SHAKESPEARE SOCIETY** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **16. Analysis of net assets between funds** 

**Analysis of net assets between funds - current year** 

|Tangible fixed assets<br>Current assets<br>Creditors due within one year<br>**Total**<br>**Analysis of net assets between funds - prior year**<br>Tangible fixed assets<br>Current assets<br>Creditors due within one year<br>**Total**<br>**17.**<br>**Capital commitments**<br>**Contracted for but not provided in these financial statements**<br>Acquisition of tangible fixed assets|**Unrestricte**<br>**d funds**<br>**2025**<br>**£**<br>300,059<br>506,156<br>(13,229)<br>792,986<br>_Unrestricted_<br>_funds_<br>_2024_<br>_£_<br>_229,577_<br>_555,473_<br>_(10,782)_<br>_774,268_<br>**2025**<br>**£**<br>**-**|**Total**<br>**funds**<br>**2025**<br>**£**<br>**300,059**<br>**506,156**<br>**(13,229)**<br>**792,986**<br>_Total_<br>_funds_<br>_2024_<br>_£_<br>_229,577_<br>_555,473_<br>_(10,782)_<br>_774,268_<br>_2024_<br>_£_<br>_23,174_|
|---|---|---|



Page 24 



**RICHMOND SHAKESPEARE SOCIETY** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025** 

## **18. Related party transactions** 

The Mary Wallace Theatre Club (MWTC) is an unincorporated association which runs the Theatre bar and it is considered to be a related party on the basis of common control. Transactions with MWTC are donations of bar receipts of £7,773 (2024: £5,892).  An amount of £16,612 (2024: £29,263) was owing to the Charity at the year end. 

## **19. Post balance sheet events** 

The Charity Commission registered Richmond Shakespeare Society CIO on 16 July 2025. On the completion of certain legal formalities, the Trustees will transfer all of the assets and liabilities of the Society to Richmond Shakespeare Society CIO. 

Page 25