2025-03-31-accounts

REG￿ERED COMPANY MJMBER: 01458421 Wales) VE NDINDEP IMIT Pthtrhem Gordon ILP 43 CoDis¢liff¢ Rwl DarliD8ton DIJ 7EH

rEDded31 M Paze Ex•Nbln¢rfJ R¢prt ststeffje4t ofFkndNI Athlths 10 Notu to the Cath Flw St*latteMt 12 w 21 22 kn 23

VELAND INDEPENDEKr IJMITED The tN5t¢M WIMJ are also dirrttors of the eharity tsr th¢ puTpMu of th¢ Crynppnim A¢t 2(￿9 prtsait their report with the financial statements of the clwrity for th¢ y¢Ar endd 31 Mtrch 2025. The truAees hav¢ a(bpt¢d the provisions of A¢¢ountin8 and iieporrin8 by Chfiriiies.. St•t¢rn¢nt of R¢wrnmthdcd Practice 4)plicable to chArities prepyring th¢ir acc(HJnts in a¢cordanc¢ wsth the FIDWKi￿ Rtp)rtill8 Stsnd¥d applithle in the UK and R¢publi¢ of Irel￿d (FRS 102) (effective l 2019). Slruethr& IOV¢rnAn¢• #d Govtrnlry document The ehvity is controlled by its governing • deed of ¢th￿l￿t¢s • limitrd canpany. limited by SUITJnl¢4 u dtfined by the Comp￿1¢3 Ad 2L¥J6. In th¢ ¢vent of the ¢I￿ltable mpwj b¢1￿ up. membeis rwulred to ¢¢ntribut¢ ￿ •mount not ¢xc¢¢din8 £1. Refernn¢¢ A￿d Admlnlstr•dv• d•tAI Rrflitered CompAWJy numlJ¢r 01458421 (En8lnd Waks) Re¢¢red Ch•rlty number Rrylrt•red offl¢e The Hullaba]00 Borou8h Road Darfing DLI ISG Trwrt•e• M J Cost¢lloE-Ftr¥uson T J Courtney Ir¢siwKd I Iiir25) A l Holt {resi8ned I Iiir23) S J James {fEsi8ned 618r25) SNwi K S Roberts A R Lyons (apwjinted I Iiir2S) (resi￿1 61W25} J R Todd {wointrd 19r2r25) L R Cue (appM)int¢d 2914r25) A Fawdin4lon (appoin￿ 26￿)ll5) Indrye•d¢nt Eumloer Mihell Gordon Ll 43 Coniscliffe Ro Dorlingtort DL3 7EH Approved by orderof the I)￿d of trust¢es on....i. G.{.i%./.A&...... and si8n¢d on behdf by: 8¢1

LAP4D INDEPENDENr ObJe¢llvu lod ¢dvltk• Obje¢livu •Dd •lmi Theatre Hull¥EAkrf) believe8th¢￿1yity 4xxddbeptofev•yiKtychild1￿XL We D)&<presethandadvoc4t¢for kn8h year& we have estsblished our5¢1ve$ 85 one of th¢ UK'5 l¢•Jing ¢hildr¢n's •rt5 ¢hllriti¢4 with a p8rticular specialism in In 2017, we rulil the drethn of opthill8 • pwwJse&ilt the•tre for childr¢n 4nd fwnilies in Dariingknn. Fr￿ The HullAb1k￿ we rK¢s¢at 4 pro&ram of pttforrn￿ emtive play insm]lrtW)￿ family evm and exhibiliow. We tr&Ve￿ILY)MtyJ more th1 130,(￿chIldre￿a￿I theirgrowTrupstoTh¢ HullaikwJ todth. TheHuliabdoo is• Me¢t1￿ pkn¢¢ rtyall stskeknld¢rs in¢hihlbo(l and we believe inwllAiw)rntion a(wss all arns of thrivin8 cffl a dialogu¢with ¢(rn￿lI]eS •hJ kthe best tschiifv yw pty)plg tour our work natKJtully. Ow sector l¢admhip ext¢Dds to f•tnity prow¥mmiti8 and stwrt for the family w¢kcrfn¢ in change. Ourvision is ofa H￿r1d whctt art and creativity fiyr¢hildren is# ￿lIll￿t inspiring •sitry xe. Childm h•ve • right to ￿ thgt r¢flectS WKI eha]lett8es their experiences and helps them to undtTStsnd knd make meaning in ￿ incrtasingly ¢(xnpli¢thl world. W• undert•nd th¢ orti3¢i¢ 4￿￿¥ty of our Mt)rk and its s￿1•1 imp￿1 ar¢ in¢xtricably linked. We ¢r¢ptivity to supp)rt children and the grnwnvUPJ in their liv# to have ioyfvl. atTmnin8 experientts tog¢ther thst Styllkttt Arttvld Hull•b•loo kn the PArk Hullabal￿ in the P¥rk 2024 m from Fr￿lY 26- Swthy 28 July. offering ¢ivi¢i¢s for Children •wl f￿10 yeus their farnilie8 in South Park. Dtrlin8ion. The wymme m•de up of 34 ¢vents. delivered by 19 comp￿1¢9 (52 artisty involved within tho% Comp￿1¢5) w¢g¢n¢e4 119 individual sessions on 13 stage5. Th¢r¢ were 3 new mmi59ions.' W¢av4 our Littk Wonders Commission in P4TtsJership with the Tide& Hullab￿00 in Wonderland. • Little Wondtts Commiuion in partnership with NS7rthrrn S¢lkn)l of A¢ Build it Beauti￿1. d¢5i8n and produced by The4ty¢ Huilttbdoo. An ejtinwd 13.iIXI people 47%of •￿41tn¢es wep Dew to the festival I7￿￿¢ Hull•bJloo. I I now0d1v￿¢llt-frI¢nd1y tsgged s¢8sioM: 17 s¢ssiMs idMtifi¢d u ttotrverbai. c4ynsideTations around wh¢d¢hair ac¢es5 in ¢ommi35ions •ttd tlM)mu8h inforn￿l0￿ rnade a￿l￿ble online in •dvance. CrelldvePI•y l¥)ut5 in a way that SU515 the4n brsL Within thi5 ytsr. wt pres¢nt¢d a mixture of new and ¢sthbI1￿￿d playscpe rtpwtyire includin8 Zxn Garden whi¢ ¢ny8ed 2.654 viiiti)r& 5 NDFsession5 &i¢ved of 7￿OrW￿1ty. ilding envirrunent cer5 well to old<¥ children ettg•ged in inwinkn plty. we hod •n i￿lUsive 8￿Met offerford% wlKle f￿lly. 95%of NDF spKa were i￿￿. Blojm waJ our new ueativ¢ pl•ysw for this ￿r. developed through our PhD R¢s¢treh with Lucy c￿ldY in coll•borntion with ebildm from Bor￿￿ knbd Nurw Sch￿1 over a year•lon8 puiod of monthly ¢Qvcreation sesslons. S¢O¢rnbrr ¥aw the owtomt of this week with the desi8n And instsll of Bkw)rn fiDm the end of S¢pt¢mber witil mi&Nov¢mbv. This bld 3.11)O visits and 100% of NDF stt4ions wetE IN)oke4L Dr¢amlart4 a sleepinspiffd immersiv¢ playxape desi8TKd 4Jc¢ifi¢41ty for babi¢5 And toddlers. rnn ftom the end of Novembcr through tr) the end of J￿￿•ry with attendwjees of2299. We maintsin¢d l(wN6 bwkings forNDF sessions. P•8¢ 2

Quffier 4: We r¢thm?ed k) Blo(rfn * th¢ stthof Fe&iwy in ord¢rw refine and troubkslKxAthe d¢sign making it even more us¢r-fri¢ndty. and offering extrn opiK>rtunitie5 for families ty play. u visiwr numbers had been very high during its pr￿1¢[¢. It 1469 visit(Ks ￿ the erd of m￿th. W¢ hNve ￿18#y¢￿'S fi8wes with avisitor of 14.009 (c(qnpued ty 13.(W). HulknbAloo Progr•ffjw¢ •nd Viiitinc C•mp•ni Theatre Hullabalo) Preset￿ & year.round progrAmm¢ of thekn d•Dc¢ kff ￿10 yar old$ thptr f•nxili¢si plus wide Tan8e of family ¢v¢nts and activitie5 #t our Ilome in Dvlftn8tcrfi. The Hulhbakn. the only purpos¢•design¢d th¢•tr¢ forchil&e fwnilies north of Qulrter I.. We hosted 2 professional Sh￿ kickin8 off the E&r IKJlid4ys with criti￿lY a¢¢laimed North E&st based Balld with V¢lvete¢n Rabbit with 3 wfOrm￿c8 ftr under 38 and 3 perfornwic¢s for 4+. 10 in th¢ B¢d by H￿f Moort Th¢•tre delivettd 2 perforn)aTKU in M•y. In eddition. we hJ 2 fjmily workshops (including SEN.friendly session with iDt¢y¢d M•kth)n) i ￿01¢ week of 'Spa¢¢ k) Pkny. tt￿T Ktivity ID June. Perfornpnces aehieved 78% ￿p￿lty. and workshops Khiev¢d 83% w¥ity. ju# I visitin8 company. M6 The4tre Company with A Ti8¢r's Tale ￿ iunch tht wtumn ￿&sOn. This dan¢¢ theth produdion in¢lud¢d • wf0rn￿¢¢ with int¢yt•J BSL. Ovttthe No wfornwic¢5 w¢ athi¢v¢d 66% cycity. W¢ d¢liv¢Ted a ran8e of summer W￿9￿0P Ktivity with Cre•tr • Hullabaloo on for 4 ￿ts1¢ w¢¢k en8a8in8 63 youn8 p￿)1•. I￿•rter 3.. This our main thethlf¢#iv¢ 5¢Jstsn with S visitin8 WmP￿1¢S.' The Sticky D￿¢¢ by Second Hand DwKe- a durntionAI exp¢¥i¢w Daisy D0Th￿d by kn41 Dwlin8ton company Bl•ckbird CrM¢iv¢ Art Th¢ C1llonicl¢s of Atom & Lum by Funnelwi¢k Limb ID 0550ciBtiw wlth Thutrc Porto and Eastern An8le4 ChiffonDad¢ by intan8tional 0￿￿1$￿tion T¢atyO 4G•roups •nd our Chriknu prnduction Cloud Man by Con3t¢ll•tion Pothty. The avernge iK)x office 65% sli8htly lower exP￿d due to •tt¢Ddw durit)8 the half trrn? ￿rfOrnian￿. Qu4ner 4: There w¢r¢ 5 vigi¢in& compMi¢5 d¢liv¢rin8 24 pfornunees: The TAie of Nobjdy Nos¢ by (k￿ruS The (• s¢lIq0￿￿ When The W¢xld Turns - • spe¢i81ty desigrd producti￿ for 6 children at A time with Profound and Muluple I￿rnin8 Difficulties (PMLD) and Great BIB Tiny World for babi￿ both by Oily Cort & Poly810l Skydiver by Little Big DwKe. Soft OT Splky by H￿r Moon & Polk Theatre and The Bench by inl¢rnitionil ¢omp4ny Tater Refl¢ksion which included * d￿le•l¢d ￿1￿13 pufornwbC¢ arA In •rtirfi workshop. The achieved Capacity 75%. 3 fwnily worksw and 2 drcpoff half t¢Tm wothlws hi¢ved IOOY• C4)xity. Durin8 Creative play c•)ver weeK we and delivered 'SpK¢ th S￿W Play, saw T¢￿¥d thily vi$itor numb¢r8 to the bulldlttl. of the oth¢r •divltltt In the buildln8. We tre ¥rnieful ￿ Atts Council Engl￿d fortheir fundin8 of 1nl¢rn•tion￿ pn)8rw¢ ¥ Thc Hullobaloo. enablin8 us to D•veloplnz prAdlet & 14ll¥en¢e Th¢ Hull•ba]w ij a medin8 pl#¢ for wtist& children and wlte uDden￿￿1n8 th¢ impoct of creitivity 4)n ¢hildr¢n'i develwit is • key prtof th¢ wti#i¢ rn. Acrnss this peri(& we cwtiThKd to supput PhD research stydems in a p•rtsxrship with the ltistitute of Socia] Justtce th York St JOI￿ University. Lucy Ca5sidy'$ prtiee-b*xed PhD itity the C￿r￿tIon of artistic work with very young thildrn in¢lud¢d a resetrch colla￿rati￿ with B￿0u￿ Ro•J Nwsery 5thwJL adj8cert kn The Hullabolw. Elizabeth Fawcett's rt%ar¢h ioto th¢ social irllpa¢t of the creative plwcapes coniinued with swdi¢s tsking plarx with fwnilies at The Hullab41oo. w0v1di￿ inswhts itito the y￿uc plxtsj on the cr¢•tive progra￿¢ by our loc (hr pioneerir4 rts¢￿£￿ In￿ the imp¥t of gxially wibed music urativ¢ play on Post Natal Depre55ion and birth traum4 a collthiration with athi¢g •t the Vnivcrnities of ixtds and Huddersfield. selected to be part of the British AMdetny summer SI￿¥¢￿.

CLEVELAND INDEPEiYDE rrED A 3wond p¢vmiew¢d iLwllntil ￿l¢le ab￿ the Ixt's Ply socialfy We￿Ibed w45 publ1th￿ •nd cijntributed to the 8rowin8 ¢videA¢¢ bue for this work Uttle Wonders Littl¢ Wondcn is • of W¢iX ¢tynJnissths for th¢Iqb1￿ their erosmth praLIiLY in m￿1Th8 Work for In 202415. Theatre HuUabakx> made th¢ followw8 Littl¢ Wixth ¢4)mmiMions' (D WMv¢ • new pl•ys¢•p¢ fy IMbie5 Lxldlers (orth¢ Out&￿[S featur￿ * Hullabaloo in th¢ Pork. (11) HDllhkn in Wonderlatsl an interthe pmm¢aad¢ pufornwKe on the Lewi5 Cnoll sw delivered in partnenhip with The Northern S¢hLK)l of Art u pan of Hull4bAloo in the P4Tk. (iii) Wishmu Skies. u audio play e￿1¢￿¢¢ in the Cl￿ for yowi8er ¢hildrto. (iv) Build it B¢wiifvL 4 ¢onstry¢ti¢n4h¢m¢d pl•ysup¢ duigtted w womote imigini(iY¢ play and play Kbema d¢v¢lopnertt in Children •8ed 3-10 Ye￿$. (v) Cb)ud SYmphc￿y. a new ￿rfO￿￿On¢e for b¥bi￿ •8cd ￿18 month¥and thcir 8rowtrup4 d>out a day in the life of a Clo￿. This comrnission fo¢uyed on ffiists •T¢ from the MBjority. Llttte Wondm ¢ommiui¢N povide ￿ Import￿ ¢FSW)rtwty to x•J fund ide•4 Mwlemcni the Pm8Twnme or fill gaps identified in temis of theme. content or diversity •j￿ li • p•rt of th¢ way Theth Hullabal￿ ptA)rt Inists in the developrnentof thetr Pf¢¢i¢ Pllee to Pl•y Pl￿¢ to PIAY 15 • iti¥tsli¢ pl¥A8¢d pmi¢¢¢ IIMtrt Hull•bdoo'J cre•tive playwes w • broad of g¢ttin88 a¢ros$ South Tees. paniculvly th¥￿9￿ pwth¢r5hip whh Famlly Hubs •ttd Atstytory xrvic¢s en8aged wlth Vwy yOUn8 child￿n and their fwnili It bttn 8 $18Dific•nt of over the larf year. investment froTn Ttts Valley Combined Authority. Arts Coun¢il Pla¢¢ Pwtrerthip and Boftkr￿ CPP to deliver r¢8ular Cr¢iv¢ Pl&y insthllations in Family Hubs •croM Middlesbrou8h Pxdc•r & Cl¢v¢l•nd. tkn8 this fil￿nCl￿ y¢Ar we instsll¢d DreWDl￿d. F¥irylale {x21 Dttp Su Adventure in 4 Fffjiily Hub4 with over 4,1)(Kl visitori. We also d¢livu¢d ov¢r Make & Do fDlly Workth￿￿e1tkvC xlivttsu and 2 cycl¢s ofL&'• Pkny, pl•y QD prncrfyion. We were 4180 Commission￿ by Teu v￿lry Group ￿ part of the Pro￿•M￿¢ to ¢r¢i¢ • new instyltstim to tow th¢ 5 myseum si1¢8 1)ver A 2.yetr puiod. This ￿an in Q4 with a pmcem with Grwdown Primary Schts)l irt Redw led by PhD Stud¢nt Lucy Cu5idy and loc•1 Middl#brwgh ffiist Blla D¢w. who bxwn¢ known to •ho Publle b•D•At We h•v¢ r#ferr￿ to the 8uidknc LY)rttsi￿ iti the Commimion's B¢n¢rnl muld￿Ce on public bertcfrt when revi¢win8 our aims aTrJ objethives plannin8 our fvDJre xtiviti¢s. In PArti¢ulpr. th¢ tru#¢¢S consid￿ how planned ￿1vItI￿ wlll to th¢ iiths Ind obj¢eti¥¢s IlKy I￿ s¢L Flnn¢ll Review Flnllleknl wltk)D This year. the ch￿1t￿ gross in¢fjme Ixlow the wdit so the I￿Unts hve been subi¢¢t to thJrin8 the year the charitys reserves were reviewed and the fiumi •U()eatiotts cojthrnwd as adequate in line with the awity Comrnission guid¢linN. ID •¢crye•¢¢ with be# wxtice the ff%rves ￿11¢Y will be r¢viEwed annMlly in line with new budget setting. For this year. th¢ s¢1 •n •¢rytsbl¢ w¢ry¢ of £39,0￿ w# believe wThthl adquthly of the (mptny if it had trs be dissolved. This w•s ID June 2W miewed *mualty. Arts Council Ettglarf North E&q provid¢d a r¢v¢nu¢ y¥nt of £389924. Th#e futtds wue use4 to support th¢ wre ivity of the chatity in its ¢r¢atioo Ind tourin8 of thekn fLY young audien¢¢s r¢8ioDaliy. nationalty and

CLEVELIND tNDEPENDENr LIM￿ED . Futtdin8 of £240.(KY) fnjm Te¢s Valley Combined Athmy b) suppxt Hullabakn in the Park in 2023 & 2024. - A wJnmilm¢iht of £350,(KJO from T¢¢$ V¥ll¢y Combitt￿ Authority for the Place ￿ Play pro$r￿n￿e brinBiftg creative play offers to Family Hubs in Middlesbmu8h md Redcar & Ckveland. I£175.￿0 ty b¢ rK¢ived in 25126 irt 2 iAtslm¢nts £140.¢￿ (kth2025 with a fizNI On rt4%ipt of fmd TE￿ of £35.1110). Fa¢tsr• v¢l¢mlto Ihe chlevement •f the ehtty# •bJodlv•B Wt ar¢ 8rat¢fid for thc on8oin8 Jupp(Kl of ptDie¢t fundern and p•rnm durin8 the 2024125 year such V￿1¢Y Combined Auiknity. Cowity Durb￿ Grant FundinB Morriwns Foundation. The &TrOfftive. our Cor￿rate Slip￿r￿ voluDteer5 Ind wivate donor5 fo Prim￿ fillth. Arts Council FJL8lw¥J. InVejtm￿t ￿1￿Y obJ•e¢fve4 dep)sits meet theirrequit¢nKnts of a r¢asooabl¢ rate of with04rt risK atsd with predicthbl¢ accessibility to th¢ funds. The trustees review this ￿l1¢Y on A regulu bui& Fh•ndl Revlew R#trvu Polky G¢o•nl Rtlemi Polky &￿VerUn￿tiC1pthd expaJitiw¢. The8aml ffwv¢8¥•t31 2025 is £￿.187 (2024.. £1 IC478). The p)IivJ w05 r¢vi¢w¢d in Jun¢ 2¢)23 •nd the minimum fund upllfted frcyn £45.￿0 k £39.000. Ar￿U Notsble2026. P¢ndin8 ISN￿l¢t￿l t) be •pproxim8t¢ly £792.000: Forec45t Silfy lev¢ts: I. Jwm￿2026-?.95 FIE 10 IrbJiv¥1￿18 l April 2026- 832S FIR 11 ￿￿1VIdUal5 £89.(W.

i#tPJ Re rt to the T dDd Inde dent Theatre Co Cothpny.) I r¢pryt to th¢ ¢hJrity trusteu on my exami￿ of thc p(thittts of the CLXllPAny forth¢ year eDded 31 Marth 2025. As the charit￿$ In￿¢3 of the Cornpany (knd ￿ its directhTS for the purp)ses of compnny jaw) you Hre r¢s￿nSIble for the preporation of the a¢¢ordth¢¢ with th¢ r¢4uir¢ments of tht COMp￿)eS Act 2[￿ Ilh¢ 2ty)6 Adl. HviA8 Mtisfied myself that th¢ of the Cowy •r¢ Tr)t Tryuired to be ￿lted under Part 16 of th¢ 2(K16 Act Ortd are eligible for irtdepcrtdent examin￿lott, J rew in res￿ of my ¢xaminalion of your ¢hgrity'J ¥courtts ￿ carried out und¢r S¢¢tion 145 of the Ch•Tities Act 2011 (the 2011 AL). lo curying ￿t my ¢Xam1a￿10ll I hAv¢ folluw￿ the Dir¢¢tions Biven by th¢ Chrity Commimxjn ¥ttder SeLXiOn 145(5) (b) of the 2011 ACL Ind¢pw)deDt exam1•e￿I ￿¢•￿¢￿¢ Since your ¢hirity'$ 8Yoss inc4)me exceeded £250.000 y(rtw¢xamizKr b¢ • ffj¢rn￿ of * listed body. I c4n confirni that I qualified to und¢fvk¢ th¢ ¢x•minicm t¢¢•w¢ l •m a rnembu of the Associoti(m of Chwwed Ccrtifi¢d Accountants, which is on¢ of the lirted EK)die$. I ￿ve ￿MPled my exuniT￿on l ¢Mfm that hAV¢ eune to my Attenti￿ in L¥)nnection wlth th¢ ¢xaminadon givin8 me cws¢ to believe: the a¢counts th not with tho% re¢¢rd¥" th¢ do noi c4Mnply with the Kcountin8 r¢quir¢tn¢nts of Seaion 396 of the 2006 Act othu •rty requirement th¢ •¢¢ounts give a true md fair view which is nol N as pth of an th¢ ¥couMs have not been rnred in with the methoth princip1¢5 of the StstcThen¢ of Fwmm¢nd¢d pr￿lie for ￿countIn9 and re￿)rtIng by tharIti￿ {•pplicable to chvitiei pr¢pvinB their counts in with th¢ FitititiC1￿ RepxtiD8 StsDdud ￿pIl￿ble in the UK Republic of Irelmd IFRS 102)). K M FCCA Mikhell Gorkn LU> 43 Cortiliffe Ro Dulin8toti DL3 7F

sliilzoZS

￿1￿ THEATRE COMPANY rtlo Ineome r Emded 31 March 2025 3113n5 Total 3113f24 Totsl Ek)nations and k￿1¢5 2,939 ChATltsbi¢ Atllvlt1¢4 Charithble ￿tIvItieS 837,671 857.671 570.523 l)ther trndin8 activiti Itwesthient incoft 103J93 103.393 195.217 Totsl 29,045 29.045 33,998 Cb•rl¢•bl¢ •¢tMd To¢#1 NET INCOMEIIEXPENDITURE) Trnmfen Ix¢vM4 1.781 115 9431 (1.713) (6.925) (22.197) 21 Net movan￿1 lth (114.1551 107230 (6.925> (22.197) R¢thbtllltloi of fuo Totsl fvnds brought fonvard 345.T25 345.725 367.922 Totsl urrled fornrd P•8e 7

VELAND INDEPEND MITED 3113125 Totsl 31rJ124 fund5 T4Thgibk •M¢ 14 12J24 12.524 7230 15 79.135 208 528 115319 264.454 208 528 279.435 188 968 Cash at bank and in bmd 287.663 185J19 471982 468.403 Cre41itor4 AnK)UDts f•llio8 du¢ within ye 16 (16.617) (16.617) (48.309> N•t currnit •••ts 185 319 456 365 420 094 Totsl leu eurreot MbSlld 283.570 18SJ19 468.889 427,324 Crodlto Atsb)u￿ falllo8 du •ft¢r moffe y¢ar 17 {78.089) (78,089) (61123> Aefruits •lld d¢ferTed lth¢w• (51000) (52.OlXI) (19.476) ASSETS 107 21 Unr¢strid¢d fw R¢#rictsd fut 231.570 107 345.725 T+)tsl fuwl• 345 725 The ¢hvitsble CoMp￿Y is entitled frcqD wdit Section 4T1 of the C4JnF4ni¢s A¢¢ 21Y)6 ft¢ the ye ¢Dded 31 M¢h 2025. Th¢ m¢mb¢rn hv• require41 the ¢tMnp•ny ￿ ottixi w wdii of ts finaDcid for the y¢•r ¢ttded 31 Marth 2025 in wlth 476 of the clmnp￿I¢S ALJ)6. Th¢ ¥knowltd8e their respJt)sibilities for {•> ensuring th¢ th¥itabi¢ +XthPW kws x(¥)uth8 rt&ixds that wmpty with S¢¢tiLW 386 and 387 of the Comp8ni¢5 Art 2006 whd Ib} pI¢pArll￿ fw¢i015tsm￿ts which give atrue and faiT viewof the stsfe of affairs ofthe chaTitsbl¢ ¢unp￿Y as at the end of e#h fina￿181 ye•r of its wrplus or d¢fici¢ for each firthncial ye4T in a¢cordwKe with the requirane41ts of S¢¢tion$ 394 and 395 ond which otherwise r￿pIY with the requir¢meDts of the Companies Act Page 8

VELAND INDEPENDE￿ TH Dce Sheet- eoDtittued subj￿¢ to th¢ wll ¢4JmpaDiEs re8im The financial stat¢nMts w¢r¢ •pprov¢d by th¢ Bwd of TNstees and for issue on ..1l1.242S.......... aThl wett Si8ned OA its beh￿r ty.. LRCas¢.Th

EPE 31n125 31rJr24 Cash generatrd from operations Taxoriott refimd 5.069 {36,120) Nd ry￿ided by￿uled in) opun8 •Livits llows from knveSti￿ ctlviti¢¥ I￿[chuC ofwible fixtd wets (8,002) (5.569) N¢t ¢4th in inveJtin8 athili¢s r¢wm¢nty In y 55 Nrt ¢•sh w¢d in fuun¢in8 ￿tiVitI 12 Ch•lli• ltt ind I th¢ nportkn8 perlod Cih eMh equlnleots •t the ofthe rportth8 perlod 19.5 (51034) 241002 C￿h Dd tyulvthots It the end or the perlod Pwio

CLEVELIiYD INDEPEND RECONCILIATION OF EXPÉNDrnJRE TO NET CASH FUIW FROM OPERATING AalVITIES 3113tt5 3113n4 Net up4dltMr• for th• nporfthl perlod per th¢ Ststs•emt or F5ind•l Actlvttkg) Adthwtmthts for. Dep￿X￿lI0￿ ¢hary¢s Interest rettived Theatre relief Adjusimettt to prtiart value of lo Interest payable (6.925) (22.1971 2.708 {2.902) (36.020) 15232 21,733 10.411 832 674 {2.212) (19J91) 8,251 (20.969) Inu¢u• in qvdito Net provld¢d byl(wed Iw) opera¢lon• ANALYSIS OF CHANGES IN NET FUNDS At 114r24 Cuh fjow At31rJn5 N¢t ¢ Cash 4¢ i•nk •lld in band 208 528 Debts f￿littl du¢ •fter l y¢ T•tAI 126 845 ￿94 130 439

INDEPENDENf THEAIRE COMPANY Notts to the Floneil S ACCOiJNTING POLlaES Bwis of prep•rM¥ the r￿DelI] The fllW?¢ial 5tthm¢nts of th¢ charitable cornpHny. ￿1¢h 15 4 wbli¢ bM¢fit ¢ntity und# FRS 101 have been PT¢p8rn1 in •cLwdw with the awities SORP (FRS I02)'Ac￿￿rttin8 arml R¢p)rtin8 by Charities: Ststement of R￿Qmmend￿l Pr•rtice wplic4bk kn clJarili¢s preparing th¢ir in with the Financial Re￿￿ti$ Stsnd8Yd gpplicknle in the UK and Republic of Ir¢land IFRS 102) (¢fft¢tive l 20191,. FingD¢1￿ R¢wrtin8 Standvd 102 The Finatici￿ RwrtinB Standard wp11￿1¢ in the UK ￿ Republic of crnvention. IDeome All income is tecognised in the Ststw¢nt of Fin•rt¢A￿ A￿1ville$ once the chvity Iw entitl¢Tnwtt to the fiwds, it Is pn)bAbJe that the income will be re£eived ￿dthe WDDUllt w bt reliabty. ExpNdltyrn Liabilities •r¢ reco8nis¢d 4$ ¢xp•Jitur¢ 0$ As there is • le8￿ or wnstrU￿1¥c obligth wnmltthi8 ¢harity to that eXp￿dI￿re. it is probable that a trwtsf¢r ol ¢¢onomi¢ knefits will be required in settl¢m¢nt Ind the 8mouni of the obliwion be measured ￿liablY. FWitstre is ￿COUn￿d for on ￿ ac£ru8is b851$ #nd has b¢¢n classified under heldiny 411 (/)Jt T¢lat¢d to the 80ry. Where ¢￿￿Tht b¢ directly TAnglbl¢ nxed ••¢ts DeprKI￿IOn 15 tr folbwin8 rthi in ord# to wri* off ¢•¢h over its e#im•ted u%ful Ilf¢. Fixtiwes and ffftiny equipmert . 20%on 33%onaxt Restrictrd Mly be uwj for p￿1￿1•r restr1d￿ puryThu within th¢ objxts of the charity. Further expknation of th¢ purpose of ¢¥h Ilmd is in¢ltsde4 in the to the 5141¢m¢iity. The ¢huitable compAny operate5 8 defined cofjtributioti ptssion sclKme. Contributions wable to the charitable COMp￿Y'￿ PEWiDn s¢lmc are CW ty the Ststellw¢ of FitiwKial Aaivities in the period to whi¢h they rEIAte. P•8¢ 12

CLEVELAND INDEPENDENf TH OMPANY DONATIONS AND LEGACIES 3113Q5 31n124 10,803 353 2,939 Gift aid OTHER TRADING ACTtVrnES 3113r25 3113ll4 14.(X19 103230 11,533 61.063 s￿nSorShips Pnjthiciion income Theatre tsx relief 53.364 103 393 195 INVEsrmE￿ INCOME 3113r25 31rJ124 D¢posli a¢wini intrre5t 1725 2212 INCOME FROM CHARITABLE ACT1vrriES 3113r25 31ntt4 Core f￿dIn9 Gr•n 529,924 327 747 389.924 180 Charitsbk xtiviiies 157 671 570 $23 (3r￿ts r¢ceiv¢4 inc1￿1¢d in the •re as follows: 31rJr25 3113r24 Tm v￿ Combined Athity Gillian D1¢kIn*￿ Trnst 11.550 8.300 156269 16.600 2,730 307 697 327.747 180599 P•g¢ 13

EVELAND IN tothe for the YeAr EDded 31rJr25 3113124 Staff costs Sunthi¢s 28.793 252 33.746 252 29.045 CHAR￿ABLE Acnvrrirs COSTS Jts (5¢¢ not¢ 8) ChritalAe x¢ivities 261536 SUPPORT COSTS Govern•nc¢ vitAbl¢ &livitit4 167 261336 NET INCOmFJ(EXPEND￿uR￿J Net inMmrf¢xwdinue) il After ch8mnw(ry¢ditin￿. 31nr25 3113r24 7.5Crf) Oth¢r notwdit servi Depr¢¢i•tion. owned (*erntin8 le4x r¢nts 1788 2,708 674 IQ. TRusfEES' REMUNERAIIOIY AND BENEFrrs 31 2024. There wut ￿ tnLqteu expattes for the yt4r ended 31 Mwra 2025 nor for the y¢¥ ended 31 March 2024. Pa8e 14

ii. 31rJr25 3113r24 Wa8es and salaries Social 3¢CUTity ri￿# Other pension ¢￿ts 414236 28J31 294.530 18351 451 318912 3113r25 3113r24 Management Charitsble Activities 31 21 No ornploytts r￿e1ved ¢mohun¢nts In ¢x¢¢8sof £60.thXI. 12. COMPARATIVES FOR THE STATEMENf OF FINANCIAL AcfiviTIES Unresvided Restyi¢wd Totsl ID¢Om• ¢kneDts fro 2.939 2.939 397.653 172J70 570.523 Other tradin8 KlivitKs Inv￿lment inujmt 195217 195217 T•¢AI 17 Expemdhuvt •th RAisins funds 33,998 33.99 CTharknbl¢ ALthItI¢¥ Ch8rit•bk ￿)Viti 180 759 090 Totsl 61 180 793 088 IYET INCOMEJ(£XPENDITURE) {14.780} {7.417) (21197) Nel JD•vqmen¢ in (7.919) (14278) (22.197) Totyl brought r(fiV•Td 353.644 14278 367.922 To¢•l e*rrltd fornrd 345 725 Pyl5

VELAND INDEPENDENf THEATRE IJMfTED 13. IKrANGIBLE FIXED ASS Cornputer COST At l April 2024 31 21)25 AMORT￿￿oN At l Awll 2024 •Th4 31 Mtrch 2025 NET BOOK VALU Ai 31 m￿¢￿ 2025 At 31 Ma￿h 2024 I& TANGIBLE FIXED A%8ETS Fithre4 Computsr equiprn¢nt fittinp Tot•ls cosr At l April 2024 Additio 15,956 21.964 37,920 Ai 31 Mw¢h 202$ DEPRECL4TION Ai l Awil 2024 Chv8e ftiry 8,726 50 21,964 151 30,690 At 31 March 2025 NET BOOK VALUE At 31 Mar¢h 2025 At 31 March 2024 I& DEBTOILS 3113r15 3113n4 Amounts fallin8 due wlthin one yer. Tr*k debtOTS Tts 6.073 44.942 39.441 41.070 PB8e 16

EVELAND INDEPENDENT TH LIMrrED e FinaDtial Stxteme - contin IS. DEFTORS- ￿￿thind 31nn5 3ln124 Am04mts fallin8du¢ after more one yetr. Other debtors 185319 193 761 279 435 10. CREDrroRS: AMOitNTS FALLING DUE wmiip4 OP4E YEAR 3113tt5 3113124 Trade crediwrs Social security other taxes (hher Credi￿rS N¢t wages 8.615 4.096 27.998 SJ65 1.317 250 (104) 48 17. CREDITORS: AMou￿rS FALLING DUE ￿ER MORE THAN ONE YEAR 3113n5 3113124 chl￿r lomi (￿ no 18) LOA]¥S An analy$h of th¢ m•tirity oflowjs is liven below: 3113r25 3113n4 Amounts fallin8 due in more five yws: Re￿y￿1¢ by insthlm¢nty: 78,089 62,123 19. LEASING AGREgMEKrs Minimurn lekqe p•yments under A(￿￿￿11•b￿ Opernti￿ le#es fall s*J¢ a5 follo￿. 31rJr25 3113ll4 Within QD¢ yry Bctween on¢ and fiv¢ y¢ In th4tt five years 30.740 82,520 334 977 33,425 91.829 448 Page 17

. I StAtements- eontiD ACCRUALS AP4D DEFERRED INCOME Deferrtd ineottie LX)mprises of anK>Unts fiuths hove paid the Chthity in *JYarK¢ for w(Yk that either h•d not y¢¢ Ithrt￿ or iDtthd¢d for y¢ars. This itt¢ludes: 3113124 31n123 BalaD¢¢ •$ at 1st Awil 19.479 (19.479) Amounts deferred Bal1Th￿ u at 3 1st Mv¢h 21. MOVEME￿ IN FUNDS Net At 31rJ125 At 114r24 U•rwtrld¢d f4tsds 116.471 113.304 {26291) 28.079 90.187 141J83 tk$i8n•kd fimd Preseni value 345.T25 1,788 (115.943) 231J70 Rtstrkted Prvxlli Y•1￿ fynd. T#trl¢od (8,713) 115,943 107230 Net movem￿1 ID included in the above tr¢ ￿ follo￿.. Incomin8 Resour￿ Movement expend in funds Gener81 fiu 591.076 (617J67) 126291) 975.122 (973J34) 1.788 (8.713) (8.713) PAge 18

VELA]YD IN LIMfrE to the FknDeiil 21. Tra￿re￿5 movwnent Ai 31nr24 At 114r23 UDrestAe¢ed fwMI• Genernl fund 183.370 45.5 (0.039) (60.853) 67.714 116,478 113304 115943 Pruent valu¢ fiu 353.644 (14.780) 861 345.725 Capital Plojeet Hull•b•ioo in the P￿ Play on Pr¢wiptir 6.861 7.011 399 (6.861) (7.018) 399 14 417 COmp￿tr￿ n¢t in the at•)vt x¢ u follows: In￿mIn8 ReFA)urcw Mc¥v¢rnent resources expend in 598.021 (604,060) {6,039} 741 598.021 (612JOI) 114.780) R•strltted f•* Hullabaloo in the P Play on Pr¢scriOi Cre￿1Ve Play 122.868 (129,886) (399) {7.018) (399) 17 180 770 891

D INDE DENf IHEATRE COMPANY 21. A ¢yrrnt year 12 month wioryear 12 cornbined p)si¢h)n ij 4$ follows: Net ovrnl Transfers Ai 3113125 At 114r23 UnrU¢r1rt￿ hnd¥ Gener•1 fund 183J70 45,51XI (32J30) (60.853) 67.714 9).187 141 J83 Present VAiue fiuba 741 353.644 (11992) {109,082) 231 J70 capit￿ project Hullabako in th¢ Pk Play on Prescription Pr¢sen¢ v￿u¢ fvnd. r¢stri¢t¢d 6.861 7.018 399 (6.861) 17,018) (399) 107 14 109082 107 TOTAL FUNDS A ¢urrent yw 12 months and pri(ff year 12 mLmthi LJnbi￿J D# movement in f￿th, include4J in the Abov¢ ar¢ ftillowj; Incomin8 Rty)ur¢M Movement Uthrtltr￿td 1.189.097 384.046 (1,221,427) (355.967) 741 (32J30) 28.079 tk5i&n•t¢d fi￿d Pr¢wit Val￿ fund lJ73.143 {] J86,135) {12.992) Hullthloo in the Pxk Play on Pr¢sryip¢ioii Creative Play Pr¢8ent v4lu¢ fund. Yewicted 122,868 (129.886) (399) (50.002) (7.018) {399) s0,iJn 713 17 1746013

NDE to the F5MDtll r Endtd 31 Mreh 2•25 21. At the yqw th¢ ¢bty's ¢k)sin8 fimds b•ve be¢n allo￿ts1 in a¢coTdw with r¢5tridion5 md the R¢strlcted £107J30 valu¢ of gD intryest.frte discountsd at 6%. Ind the cortesrwdinB iY¢%nt.v4ly¢ d¢bit bdance, diseauDted at This Iw from Lhrlin8ton BomuBh CounciL n￿￿1Thg yDtii 2042. is ini¢r¢#.free athl is therefore discountsd usin8 the governm￿l-b￿￿ed loan rnt¢ of 6% The m￿Chin8 dtbit bAlanc¢ is di5￿￿ted using the org•nisJtion's J•viw inty¢# rntr of 1% The timiti8 giv¢9 rise k) the fwid of £107230. Th¢ lo￿ wu ￿0VId￿ to rneet the of * I￿e S￿1¢ witsl pmixt IMd8¢t for development of Th¢ Hull•b41oo that provides a bAse for the operntr in; however. Is the orqaniswtion Iw no economi¢ Interest in the prnperty. no ￿lible uset C4n t¢ on th¢ balan￿ th¢eL This ￿￿￿tIll8 tr¢•tmeni follow$ 4)teific ￿VIce pn)vided w the orylniution by the ICAEW. This •mcwnt rtprestnu the mitiimum level of ftt¢ rtserves the dwtiy is required to I￿10 under its R¢s¢tves Policy. It is inteaded ￿ eDSWe the oryAD1￿10ll ¢h eye￿11 ob1i8at¥￿ in the everA it mu51 eea8e operntions and be wound up. A￿lIAble for FMt•re Ux: £142J70 After xltin8 uid¢ testri¢t¢d md th¢ mitiimum r¢ser¥u r¢quir•J by the ReseThes Policy, the remaining unrestrided funds rep￿￿nt the r¢8our¢es available ty the dwity for use. Th¢s¢ are used ¢0 support 0118Oln8 Idivities ￿)Ver the dtythlay LM)sts. Thii ￿1(#i0￿ ¢nMY¢s e(xnpliati¢¢ wlth ttmirttains fimncial thility in line with the rtxrvm ￿11￿. ¢lwity on th¢ •v•l]•bk fw futswt ¢hvithble RELATED PARTY DISCLOSURES P•8e 21

DEPENDENr Detailed Ststtmtht for tbt Y 3113r25 3113124 IDrome ind Dop•tiO¥ JMI ieyeltj DoDationJ Gift old 10.803 353 2.939 2.939 Other tr4ti4 ie¢lvhb Sales Spon50f5bip$ Produrtion incom¢ Th¢atre tax relief I4.￿}9 103.230 11.533 61,063 53,364 103J93 195.217 Investment Ineome D¢tQSjt accourtt interest Other int¢re# re¢eived 2,721 2212 2,902 2.212 Chritsble iethltles Core fuDdin8 Grants 529.924 327 747 389.924 857 671 570 523 Total In¢omlNi rt•oure 975,122 770.891 Rats1￿ dontlo•8 •nd Wages Social S￿￿rity Pen5iOt Sundries 25.312 2.824 657 252 29,882 3.097 767 252 29.045 33,998 ChArlt*lJk Af¢lvltl Wases SOCI￿ s¢¢urity Pensions Production costs Directors artd desigrK 5¢ts attd props Actors ￿￿1 artist fe Carried forward 286.502 15.256 5.398 16.365 20.170 76.820 S6,793 477.304 170,784 9,865 3.477 19,528 19.989 28,711 56,781 309.135 Page 22

IIVELAND llNDEPENDE￿ THEATRE C ror the Ycr Faded 31 Mreb 3113125 3113n4 Ch•ritsbl¢ •c¢ivi¢i Brou8hi ftinvvd Musicians f Royalties Mark¢tin8 TouriTh8 compjny fees Towing trav¢1 and subsirn Prnjed statTm8 Costs L¢#rniDg 4nd pthi¢ip4tsty1 ReseAr¢h and develoWn￿¢ 477JIM 2.0¢)0 1465 50.490 57,737 37.545 31588 13.354 309.135 3JOO 48.593 61.578 64.240 37.833 22.092 691.466 558.622 Supp)rt eo Mn•gemen¢ 48.330 5.433 lJ75 2.766 2J94 366 24.127 1,465 37.734 56,746 3218 1.179 1,458 1,977 SJ71 Social security Ptnsions Other stsffln8 ¢OSts Jnsurni¢¢ Advertising Sundries Rent and utiliti Subs¢riptions IT suppjrt Jnd m*irtt¢ttW4 R¢paiT¥ 4nd m•int¢nin¢¢ Profession￿ fe Consultancy f Training ond ￿lfare Travel and 8ubJistenc¢ Reawitsn¢Tht expenses Rtfreshments Volunteer costs FixDJres fittings 2,183 36.460 312 7.172 1385 8.062 211 2J04 1,760 2271 5.989 9.091 lJ31 9.161 2JSO 1.681 3,835 4290 1,547 lJ35 674 167292 142.359 Wa8es Social Pensions Freelattc¢ stsff 54.092 4,818 1245 37.118 2.071 708 86,888 41,638 Audittsn, remun¢Mion Carried forwaTd 7,500 7JOO P88e 23

CLEVEIAND INDEPENDENf THE 3113r25 3113ll4 Gtsyernanet c•sts Brought fonvknj Auditon, r¢munezaiiort ts non audit 7.500 2.788 Net expndl¢ur• 22 197) Pw24