Charity registration number: 279453 **THE PORTSMOUTH PLAYERS TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** The Running Accountant Limited 2 Farmers Way Horndean Waterlooville Hampshire PO8 9GY ## **The Portsmouth Players Contents** ||**Page**| |---|---| |Trustees' Report|1—5| |Independent Examiner's Report|6| |Statement of Financial Activities|7| |Comparative Statement of Financial Activities|8| |Statement of Financial Position|9| |Notes to the Financial Statements|10—15| ## **The Portsmouth Players** ## **Trustees' Report For The Year Ended 31 December 2025** The trustees present their report and the financial statements for the year ended 31 December 2025. ## **Objectives and Activities** ## **Aims and Objectives** The principal object of the charity is to educate the public in the dramatic and operatic arts and to further the development of public appreciation and taste in the said arts. To achieve this the Portsmouth Players: a) produce high quality musical productions from professional venues using professional costumes, scenery and directors. b) produce a variety of operatic and dramatic arts in the Portsmouth area of a kind that would be unlikely to be brought to the city by touring professional companies. c) set competitive ticket prices for all its productions d) offer membership to a broad range of people to get involved in dramatic arts. ## **Significant Activities** During the year the charity was able to produce one show at The Kings Theatre, Southsea and four shows at the Barn Studio Theatre. ## **Public Benefit** The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities. The trustees refer to public benefit throughout this report. The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit. ## **Achievements and Performance** ## **Main Achievements** **Shows 2025** - The last year were pleased to be able to produce five successful shows. ## **– Legally Blonde February 2025 Kings Theatre** Director and Choreographer - Lee Thompson Musical Director - Lou Helyer The first show of 2025 we welcomed back Lee Thompson and he was ably supported by Louise Helyer who returned once more as MD. They were joined by Ellie Thomas and Ellie Scott as Dance Captains. The set was once again created with pink style by Caroline Moloney, and she went above and beyond to furnish the set. Jenny Edwards joined us as Wardrobe lead for this show with great effect. Creatively the show was very successful with a strong cast led by a strong creative team. It was well received with a good profit made ## **The Good Life – June 2025 Barn Studio Theatre** Director Miles Eden ...CONTINUED Page 1 **The Portsmouth Players Trustees' Report (continued) For The Year Ended 31 December 2025** ## **Main Achievements - continued** We welcomed back Miles Eden as Director. Miles brought life and humour to the play which was thoroughly enjoyed by good audiences. Tammy English led on costumes, bringing the 1970’s back to life with great style. Caroline Maloney recreated the Good’s and Leadbetter’s home to life with wonderful effect. Scott Dowell and Paul Moroney led our technical team. This was very well received and made a good profit. ## **Love You, You’re Perfect Now Change – July 2025 - Barn Studio Theatre** Director Jo Alldridge and Charlie Frame Musical Director Harry and Lou Helyer Jo and Charlie joined forces on this lesser-known show. It was a show of joint efforts with Harry and Lou sharing the musical leadership too. We welcomed Meg Dickson as the assistant on this show. The space was effectively transformed by Caroline Maloney and Tammy English once again led an excellent set of stylish costumes. Scott Dowell led on the sound and projections which had been created by Katie Bosher and Paul Moroney was the lighting designer. Although the show was very well received, sadly the houses were slow, and we made a small loss overall. ## **Company- October 2025– Barn Studio Theatre** Director and Choreographer - Tim Quinlin Musical Director – Lou Helyer Tim and Lou were once again ably at the helm of this piece with Rosy Stephens as Assistant Director. The simple and effective use of the space and costumes brought the piece alive with Scott Dowell taking the lead. A profit was made and the show was very well received. ## **The Vicar of Dibley, Christmas - November 2025 - Barn Studio Theatre** Director – Miles Eden Once again Miles returned to direct this iconic piece. He was supported by an excellent cast and technical team of Caroline Moroney and Scott Dowell. The life like set, costumes, sound and lighting were spot on. The play was well attended and received and made a welcome profit. ## **Future Shows** We currently have planned the following shows for 2026: - Miscast Again – March 2026 – Barn Studio Theatre - Avenue Q – May 2026 – Theatre Royal - The Sound of Julie – September 2026 - Barn Studio Theatre - Joseph and his Amazing Technicolor Dreamcoat - October 2026- Theatre Royal Theatre ## **2026** ## **Our Centenary year** - We launched our new website and branding style at the end of 2025, in readiness for the centenary year • Open Weekend and Centenary Celebrations 27&28 June 2026 - Centenary Ball – Queens Hotel Friday 13 November 2026 ## **Financial Review** ## **Reserves Policy** The trustees are continually monitoring the level of reserves held by the charity. The trustees consider that the charity needs to retain a level of reserves approximately equivalent to the complete loss on one major production. The trustees therefore consider that holding a reserve of approximately £50,000 is sufficient for that purpose. Page 2 **The Portsmouth Players Trustees' Report (continued) For The Year Ended 31 December 2025** ## **Structure, Governance and Management** ## **Governing Document** The Portsmouth Players is a registered charity (registration number 279453). The charity is an unincorporated organisation and its constitution is laid down in its rulebook. ## **Trustee Selection Methods** The executive committee, who meet regularly administer the charity. The Committee stands for re-election at the Annual General Meeting and any changes proposed have to be made in writing to the Hon Secretary and have a proposer and seconder then to be voted on at the meeting. ## **Reference and Administrative Details** ## **Trustees** Mrs Jo Alldridge - Chair Mr Charlie Frame - Hon. Secretary Mr Brian Johnson - Hon. Treasurer Miss Hannah Douglas - Business Manager Mrs Katherine Guthrie - Production Secretary Mrs Fiona Morris - Membership Secretary Mr Stuart Warner - Admin and Technology Mr Mark Wilson - Finance ## **Other Personnel** Caroline Maloney - Barn Manager Beth Evans - Publicity Hannah Douglas - Front of House Kayleigh Pendry - New Members ## **Charity Number** 279453 ## **Principal Address** 26a Wheatstone Road Southsea Hampshire PO4 0LJ ## **Independent Examiner** Mark G Wilson FCCA The Running Accountant Limited Chartered Certified Accountant and Tax Consultant 2 Farmers Way Horndean Waterlooville Hampshire PO8 9GY Page 3 **The Portsmouth Players Trustees' Report (continued) For The Year Ended 31 December 2025** ## **Bankers** Natwest Bank Plc 130 Commercial Road Portsmouth Hampshire PO1 1EJ Page 4 **The Portsmouth Players Trustees' Report (continued) For The Year Ended 31 December 2025** The trustees' report was approved by the board of trustees and signed on its behalf by: Mrs Jo Alldridge Trustee 13th April 2026 Page 5 ## **The Portsmouth Players Independent Examiner's Report to the Trustees of The Portsmouth Players For The Year Ended 31 December 2025** I report to the trustees on my examination of the accounts of The Portsmouth Players (the Trust) for the year ended 31 December 2025. ## **Responsibilities and Basis of Report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’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 Act. ## **Independent Examiner's Statement** I have completed my examination. I confirm that no material 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 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 contents 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. Mark G Wilson FCCA 13th April 2026 2 Farmers Way Horndean Waterlooville Hampshire PO8 9GY Page 6 ## **The Portsmouth Players Statement of Financial Activities For The Year Ended 31 December 2025** |**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Barn Studio Productions
Fame
Legally Blonde
Investments
**4**
Other
**5**
**EXPENDITURE ON:**
Charitable activities:
**7**
Barn Studio Productions
Fame
Legally Blonde
**NET EXPENDITURE BEFORE INVESTMENT**
**LOSSES**
Net gains on investments
**NET EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**15**|**Unrestricted**
**funds**
**£**
13,352
39,758
-
71,498
390
5,795|**Restricted**
**funds**
**£**
-
-
-
-
-
-|**2025**
**Total**
**funds**
**£**
13,352
39,758
-
71,498
390
5,795|**2024**
**Total**
**funds**
**£**
9,449
20,731
32,821
-
574
2,600| |---|---|---|---|---| ||130,793|-|130,793|66,175| ||(43,370 )
-
(81,523 )|(2,969 )
-
(2,970 )|(46,339 )
-
(84,493 )|(38,567 )
(64,366 )
-| ||(124,893 )|(5,939 )|(130,832 )|(102,933 )| ||5,900
1,100|(5,939)
-|(39)
1,100|(36,758)
604| ||7,000|(5,939 )|1,061|(36,154 )| ||7,000
50,024|(5,939 )
143,545|1,061
193,569|(36,154 )
229,723| ||57,024|137,606|194,630|193,569| The notes on pages 10 to 15 form part of these financial statements. Page 7 ## **The Portsmouth Players Comparative Statement of Financial Activities For The Year Ended 31 December 2025** |**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Barn Studio Productions
Fame
Investments
**4**
Other
**5**
**EXPENDITURE ON:**
Charitable activities:
**7**
Barn Studio Productions
Fame
**NET EXPENDITURE BEFORE INVESTMENT LOSSES**
Net gains on investments
**NET EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**15**|**Unrestricted**
**funds**
**£**
9,449
20,731
32,821
574
2,600|**Restricted**
**funds**
**£**
-
-
-
-
-|**2024**
**Total**
**funds**
**£**
9,449
20,731
32,821
574
2,600| |---|---|---|---| ||66,175|-|66,175| ||(35,598 )
(61,396 )|(2,969 )
(2,970 )|(38,567 )
(64,366 )| ||(96,994 )|(5,939 )|(102,933 )| ||(30,819)
604|(5,939)
-|(36,758)
604| ||(30,215 )|(5,939 )|(36,154 )| ||(30,215 )
80,239|(5,939 )
149,484|(36,154 )
229,723| ||50,024|143,545|193,569| The notes on pages 10 to 15 form part of these financial statements. Page 8 **The Portsmouth Players Statement of Financial Position As At 31 December 2025** |**Notes**
**FIXED ASSETS**
Tangible Assets
**11**
Investments
**12**
**CURRENT ASSETS**
Debtors
**13**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**14**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted Funds
Unrestricted Funds
**TOTAL FUNDS**
**15**|**Unrestricted**
**funds**
**£**
6,348
2,516|**Restricted**
**funds**
**£**
136,606
-|**2025**
**Total**
**funds**
**£**
142,954
2,516|**2024**
**Total**
**funds**
**£**
153,372
1,416| |---|---|---|---|---| ||8,864
7,564
46,567|136,606
-
1,000|145,470
7,564
47,567|154,788
13,468
34,503| ||54,131
(5,971 )|1,000
-|55,131
(5,971 )|47,971
(9,190 )| ||48,160|1,000|49,160|38,781| ||57,024|137,606|194,630|193,569| ||57,024|137,606|194,630|193,569| ||||137,606
57,024|143,545
50,024| ||||194,630|193,569| On behalf of the board Mrs Jo Alldridge Trustee 13th April 2026 The notes on pages 10 to 15 form part of these financial statements. Page 9 **The Portsmouth Players Notes to the Financial Statements For The Year Ended 31 December 2025** ## 1. **General Information** The Portsmouth Players is an unincorporated charity registered with the Charity Commission, registered charity number 279453 . The principal address is 26a Wheatstone Road, Southsea, Hampshire, PO4 0LJ. ## 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)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. ## 2.2. **Incoming Resources** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## 2.3. **Resources Expended** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## 2.4. **Tangible Fixed Assets and Depreciation** Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Leasehold In accordance with the property lease Fixtures & Fittings 25% to 10% ## 2.5. **Cash and Cash Equivalents** Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts. ## 3. **Income from Donations and Legacies** Page 10 ## **The Portsmouth Players Notes to the Financial Statements (continued) For The Year Ended 31 December 2025** |Donations and gifts
Member subscriptions and sponsorships
Gift aid
4.
**Investment Income**
Bank interest receivable
Dividends from investments
5.
**Other Income**
Rental and other income from property
6.
**Net Income/(Expenditure)**
The net income/(expenditure) is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned|**2025**
**Unrestricted **
**funds**
**£**
3,308
9,182
862|**2024**
**Unrestricted**
**funds**
**£**
824
8,030
595| |---|---|---| ||13,352|9,449| ||**2025**
**Unrestricted **
**funds**
**£**
361
29|**2024**
**Unrestricted**
**funds**
**£**
531
43| ||390|574| ||**2025**
**Unrestricted**
**funds**
**£**
5,795|**2024**
**Unrestricted**
**funds**
**£**
2,600| ||**2025**
**£**
10,848|**2024**
**£**
11,943| Page 11 **The Portsmouth Players Notes to the Financial Statements (continued) For The Year Ended 31 December 2025** ## 7. **Analysis of Expenditure** |Barn Studio Productions
Legally Blonde
Barn Studio Productions
Fame
.
**Support Costs**
Premises expenses
General administration
Depreciation
Premises expenses
General administration
Depreciation|**Activities**
**undertaken**
**directly**
**£**
25,585
63,738|**Support**
**costs**
(see note 8 )
**£**
20,754
20,755|**2025**
**Total**
**£**
46,339
84,493| |---|---|---|---| ||89,323|41,509|130,832| ||**Activities**
**undertaken**
**directly**
**£**
18,173
43,964|**Support**
**costs**
(see note 8 )
**£**
20,394
20,402|**2024**
**Total**
**£**
38,567
64,366| ||62,137|40,796|102,933| ||**Barn Studio**
**Productions**
**£**
7,195
8,135
5,424|**Legally**
**Blonde**
**£**
7,195
8,136
5,424|**2025**
**Total**
**£**
14,390
16,271
10,848| ||20,754|20,755|41,509| ||**Barn Studio**
**Productions**
**£**
6,536
7,887
5,971|**Fame**
**£**
6,539
7,891
5,972|**2024**
**Total**
**£**
13,075
15,778
11,943| ||20,394|20,402|40,796| ## 8. **Support Costs** Page 12 **The Portsmouth Players Notes to the Financial Statements (continued) For The Year Ended 31 December 2025** Support costs are allocated equally to productions. ## 9. **Independent Examiner's Remuneration** |.
**Independent Examiner's Remuneration**||| |---|---|---| ||**2025**|**2024**| ||**£**|**£**| |Independent examination of the financial statements|2,880|2,880| ## 10. **Average Number of Employees** Average number of employees during the year was: NIL (2024: NIL) ## 11. **Tangible Assets** |**Cost**
As at 1 January 2025
Additions
As at 31 December 2025
**Depreciation**
As at 1 January 2025
Provided during the period
As at 31 December 2025
**Net Book Value**
As at 31 December 2025
As at 1 January 2025
2.
**Investments**
**Cost or Valuation**
As at 1 January 2025
Revaluations
As at 31 December 2025|**Land &**
**Property**
**Leasehold**
**£**
296,959
-|**Fixtures &**
**Fittings**
**£**
88,168
430| |---|---|---| ||296,959|88,598| ||154,414
5,939|77,341
4,909| ||160,353|82,250| ||136,606|6,348| ||142,545|10,827| |||| ## 12. **Investments** Page 13 ## **The Portsmouth Players Notes to the Financial Statements (continued) For The Year Ended 31 December 2025** ## **Provision** |As at 1 January 2025
As at 31 December 2025
**Net Book Value**
As at 31 December 2025
As at 1 January 2025|-| |---|---| ||-| ||2,516| ||1,416| he above represents the charity's investment in Barclays Bank Plc shares. The movement in the year represents the unrealised gain or loss during the year. ## 13. **Debtors** |**Due within one year**
Prepayments and accrued income
Gift Aid recoverable from HMRC
Future production expenditure|**2025**
**£**
1,883
900
4,781
7,564|**2024**
**£**
1,874
900
10,694| |---|---|---| |||13,468| 14. **Creditors: Amounts Falling Due Within One Year** |Accruals and deferred income
15.
**Movement in Funds**
**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Space '99'
Bursary Fund
**Total restricted funds**
**Total funds**|**As at 1**
**January**
**2025**
**£**
50,024
142,545
1,000|**Income**
**£**
130,793
-
-||**2025**
**£**
5,971
**Expenditure**
**£**
(123,793 )
(5,939)
-|**2024**
**£**
9,190| |---|---|---|---|---|---| ||||

||**As at 31**
**December**
**2025**
**£**
57,024
136,606
1,000| ||143,545|-||(5,939 )|137,606| ||||||| ||193,569|130,793||(129,732 )|194,630| Page 14 ## **The Portsmouth Players Notes to the Financial Statements (continued) For The Year Ended 31 December 2025** |**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Space '99'
Bursary Fund
**Total restricted funds**
**Total funds**|**As at 1**
**January**
**2024**
**£**
80,239
148,484
1,000|**Income**
**£**
66,175
-
-|**Expenditure**
**£**
(96,390 )
(5,939)
-|**As at 31**
**December**
**2024**
**£**
50,024
142,545
1,000| |---|---|---|---|---| ||149,484|-|(5,939 )|143,545| |||||| ||229,723|66,175|(102,329 )|193,569| ## 16. **Transactions with Trustees** No trustee expenses have been incurred. ## 17. **Related Party Disclosures** There have been no related party transactions in the reporting period that require disclosure, except for those disclosed in the Transactions with Trustees note. Page 15 ## **Issuer** The Running Accountant Limited **Document generated** Mon, 13th Apr 2026 23:20:55 BST **Document fingerprint** 24877eda2676a7f92ee9f4254008d08f ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Tue, 14th Apr 2026 8:46:11 BST Tue, 14th Apr 2026 13:43:37 BST Mrs Jo Alldridge - Signer (cea115a7a3343fc28e90dfd4c6db718d) Mr Mark Graham Wilson - Signer (854a4126fa98e573019871911eb9a111) ## **Audit history log** ## **Date** ## **Action** Mon, 13th Apr 2026 23:20:55 BST Mon, 13th Apr 2026 23:20:55 BST Mon, 13th Apr 2026 23:20:55 BST Mon, 13th Apr 2026 23:20:55 BST Mon, 13th Apr 2026 23:20:55 BST Mon, 13th Apr 2026 23:21:08 BST Mon, 13th Apr 2026 23:21:08 BST Mon, 13th Apr 2026 23:21:09 BST Tue, 14th Apr 2026 8:45:34 BST Tue, 14th Apr 2026 8:46:11 BST Tue, 14th Apr 2026 8:46:12 BST Tue, 14th Apr 2026 8:46:12 BST Tue, 14th Apr 2026 13:42:53 BST Tue, 14th Apr 2026 13:43:37 BST Tue, 14th Apr 2026 13:43:37 BST Tue, 14th Apr 2026 13:43:37 BST Tue, 14th Apr 2026 13:43:37 BST Tue, 14th Apr 2026 13:43:37 BST Envelope generated with fingerprint cf28cf8822c5c1a2655a0bfac3b824d3 (18.133.63.166) Document generated with fingerprint 24877eda2676a7f92ee9f4254008d08f. (18.133.63.166) Mrs Jo Alldridge has been assigned to this envelope. (18.133.63.166) Mr Mark Graham Wilson has been assigned to this envelope. (18.133.63.166) Envelope has been set to automatically remind the active signer every 3 day(s). (18.133.63.166) Envelope generated Sent the envelope to Mrs Jo Alldridge for signing Document emailed to party email Mrs Jo Alldridge viewed the envelope (82.19.254.140) Mrs Jo Alldridge signed the envelope (82.19.254.140) Sent the envelope to Mr Mark Graham Wilson for signing (82.19.254.140) Document emailed to party email Mr Mark Graham Wilson viewed the envelope (145.40.158.189) Mr Mark Graham Wilson signed the envelope (145.40.158.189) This envelope has been signed by all parties (145.40.158.189) Signed document confirmation emailed to party email (145.40.158.189) Signed document confirmation emailed to party email (145.40.158.189) Signed document confirmation emails have been sent to all parties. Document URL: https://api.signable.app/shareable/envelope?t=c608f32d-f320-4c5b-b4d1-d 6227828ed82 (145.40.158.189)