| Unrestricted | Designated | Restricted | ||||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total Funds | Total Funds | ||
| Yearended | Yearended | Yearended | Yearended | Yearended | ||
| 31 March | 31 March | 3'lMarch | 31March | 31March | ||
| 2025 | 2025 | 2025 | 2025 | 20ì24 | ||
| Ê'000 | â'000 | €'000 | Ê'000 | g'000 | ||
| lncome | ||||||
| Donationsandlegacies: | ||||||
| Sponsorship &donations | 2,965 | 5,659 | 8,624 | 3,698 | ||
| Arts Councilfunding | 2 | 2,376 | 3,369 | 5,745 | 4,617 | |
| Charitable activities: | ||||||
| Theatrepresentations | 22,976. | 134 | 23,110 | 28,603 | ||
| Activitiesforraising funds: | ||||||
| Trading income | 3,861 | 3,8ô1 | 3,332 | |||
| Other income | 858 | 28 | 886 | 935 | ||
| lnvestmentincome | 914 | 165 | 1,079 | 572 | ||
| Totallncome | 33,950 | 9,355 | 43,305 | 41,757 | ||
| Expenditure | ||||||
| Charitable activities: | ||||||
| Expenditureonpresentations | 3 | 22,608 | ,l | ,625 2 |
25,234 | 30,23;4 |
| Theatre overheads | 3 | 5,390 | 63 | 2 ,527 |
7,980 | 6,245 |
| Activitiesforraising funds: | ||||||
| Fundraising'costs | 3 | 1,156 | 86 | 1,242 | 980 | |
| Trading | 3 | 3,294 | 101 | 3,395 | 2,738 | |
| Total Expenditure | 32,448 | 64 | 5,339 | 37,851 | 40,197 | |
| Netlncome before lnvestrnent Losses | 1,502 | (64) | 4,016 | 5,454 | 1,560 | |
| Unrealised Loss on Investment Properties | (26) | (26) | .(85) | |||
| Other Recognised Gains and TheatreTax Relief |
589 | 204 | 793 | 742 | ||
| Netlncome | 2,091 | (64) | 4,194 | 6,221 | 2,217 | |
| Grosstransfers betweenFunds | (2,345) | 2,459 | (114) | |||
| NetmovementinFunds | (?54) | 2,395 | 4,080 | 6,221 | 2,217 | |
| NetFundsat1April2024 | 4,734 | 435 | 1,701 | 6,870 | 4,653 | |
| Net Funds at3lMarch2025 | 4,480 | 2,830 | 5,781 | 13,091 | 6,870 |
| Ba | lance | sheetas at 31 | March20 | 25 | ||
|---|---|---|---|---|---|---|
| 2025 | 2025 | 2024 | '2024 | |||
| Gonsolidated | Gharity | Consolidated | Charity | |||
| Note | â'000 | 9r000 | Ê'000 | €'000 | ||
| FixedAssets | ||||||
| Tangible assets | 6 | 41 | 30 | 57 | 43 | |
| lnvestment Property | 7(b) | 1,580 1,539 |
1,114 1,144 |
1,565 1,622 |
1,140 1,183 |
|
| GurrentAssets | ||||||
| Stockforresale | 150 | 60 | 90 | .27 | ||
| Debtors | B | 6,374 | 9,068 | 6,135 | 6,621 | |
| Current assetinvestment Cashatbankandin hand |
23,620 30,144 |
20j82 29,310 |
1,500 14,276 22,001 |
1,500 12,558 20,706 |
||
| GreditorslAmountsFalling DueWithinOne Year |
I | (14,530) | (13,260) | (12,385) | (10,651) | |
| Net GurreptAssets | 15,614 | 16,050 | 9,6;16 | 10,055 | ||
| Long termLiabilities | 10 | (4,103) | (4,103) | (4,368) | (4,368) | |
| TotalAssets Liabilities |
Less | 13,091 | 13,091 | 6,870 | 6,870 | |
| Funds | ||||||
| Restriôted | 18 | 5,781 | 5,781 | 1,701 | 'l,701 | |
| Unrestricted-Designated | 18 | 2,830 | 2,830 | 435 | 435 | |
| Unrestricted | 18 | 4,480 13,091 |
4,480 13,091 |
4,794 6,870 |
4,734 ,6,870 |
| Year ended3l | Year ended31 | Year ended31 | ||
|---|---|---|---|---|
| March2025 | Ma¡ch2024 | |||
| Note | Ê'000 | €'000 | ||
| Netcashflowsfrom operatingactivities | 12 | 6,927 | 2,054 | |
| Cashflows frominvestingactivities | ||||
| Cash receiptsfrominterest anddividendsreceived | 079 | 572 | ||
| Movement incurrentasset investments | 500 | (1,500) | ||
| Purchaseofproperty, plantandequipment | (18) | |||
| Netcashprovidedby(used in) investing activities |
2,579 | (e46) | ||
| Gashflows from financing activities: | ||||
| Repaymentsofborrowing | (162) | |||
| Netcash (usedin)financing activities | (162) | |||
| Netchange in cashandcash equivalentsinthe period |
9,344 | 1,108 | ||
| Movementinnetcashintheperiod | 9,344 | 'l,108 | ||
| Netcash and cash equivalentsat1April2024 | 14,276 | 1 | 3,168 | |
| Netcashandcash equivalentsat 31March2025 | 13 | 23,620 | 14,276 |
| During 2025,thecharityhas recognised funding | fromtheArtsCouncilfor: | |
|---|---|---|
| 2025 | 2024 | |
| Ê'000 | Ê:000 | |
| NPO core funding | 2,376, | 2,376 |
| Restricted: | ||
| . NYDC | 495 | 450 |
| .Stratford | 2,828 | 1,332 |
| .Breakin'Out | 282 | |
| .Message inaBottle | 40 | 164 |
| .What'sNext | 6 | 13 |
| 5,745 | 4,617 |
| .Message inaB .What'sNext .Expenditure on |
ottle support |
costs | 40 6 5,745 |
164 13 4,617 |
|||
|---|---|---|---|---|---|---|---|
| Theatre | 2025 | 2024 | |||||
| Presentatipn €'000 |
Overhead Ê'000 |
Fundraising Ê'000 |
Trading Ê'000 |
lotai â'000 |
Total Ê'000 |
||
| Executive Office | 857 | 124 | 59 | 167 | 1,207 | 1,021 | |
| Finance | 1,330 | 192 | 92 | 260 | 1,874 | 2,868 | |
| People | . | 462 2,649 |
67 383 |
32 183 |
90 517 |
651 3,732 |
488 4,377 |
| 2025 | 2024 | |
|---|---|---|
| Ê'000 | Ê'000 | |
| Audit- currentyear prioryear |
53I | 41 |
| Taxation - currentyear | 3 | |
| prioryear | 3 | 1 |
| Non-auditservices | 1 | |
| 67 | 43 |
| 5.Staff costs | ||
|---|---|---|
| Gonsolidatedañdcharity Wages and salaries |
2025 €'000 10,395 |
2024 Ê'000 '8,849 |
| Social security costs | 1,069 | 847 |
| Pensioncosts (note16) | 341 | 282 |
| 11 805 | 9,978 |
| oyee remuneration for employees e | arning morethanÊ60, | 000fellinthefollowing | bands: |
|---|---|---|---|
| t | õltf¡Ê 2025 |
2024 | |
| Ê200;001-Ê210,000 | 1 | ||
| Ê170,001-€180,000 | |||
| Ê160,001-Ê170,000 | 1 | ||
| e110,001.-[120,000 | 1 | ||
| €100,001-Ê110,000 | 1 | ||
| €90,001 - €100,000 | 2 | 2 | |
| Ê80,001 - Ê90,000 | 1 | ||
| Ê7o,0ol- Ê80,000 | 7 | 3 | |
| €60,001 - Ê70,000 | 3 | 7 |
| alentstaffemployed(including part-timestafF) | :.' | |
|---|---|---|
| 2025 | 2024 | |
| Theatre ândFrontofHouse | 74 | 88 |
| Box office | 17 | 11 |
| Marketing | 23 | 21 |
| Technical | 62 | 53 |
| Administration | 24 | 23 |
| Development | 11 | 13 |
| Events | b | 4 |
| Catering | 31 | 24 |
| 248 | 237 |
| .Tangiblefixed asset | s | |||
|---|---|---|---|---|
| Consolidated | Leasehold | Gomputer | Fixtures& | 2025 |
| lmprovements | Equipment | Fittings | Total | |
| ['000 | c'000 | Ê'000 | €'000 | |
| Cost | ||||
| As at 1April2024 | 110 | 307 | 154 | 571 |
| Additions | ||||
| As at 31March2025 | 110 | 307 | 154 | 571 |
| Depreciation | ||||
| Asat 1April2024 Charge fortheperiod |
80 7 |
?80I | 154 | 514 16 |
| As at 31March2025 | 87 | 289 | 154 | 530 |
| Net bookvalue | ||||
| As at 31March2025 | 23 | 18 | 41 | |
| Asat31March2024 | 30 | 27 | 57 | |
| Gharity | Leasehold lmprovements |
Computer Equipment |
Fixtures & Fittings |
2025 Total |
| Ê'000 | €'000 | Ê'000 | Ê'000 | |
| Cost | ||||
| At1April2024 | 110 | 289 | 46 | 445 |
| Additions | ||||
| At 31March 2025 | 110 | 289 | 46 | 445 |
| Depreciation | ||||
| At1April2024 | 80 | 276 | 46 | 402 |
| Charge fortheperiod | 7 | 6 | 13 | |
| At31March 2025 | 87 | 282 | 46 | 415 |
| Netbookvalue, | ||||
| At 31March 2025 | 23 | 7 | 30 | |
| At31March2024 | 30 | 13 | 43 |
| Yearended | Year ended | |
|---|---|---|
| 3lMarch | 3lMarch | |
| 2025 | 2024 | |
| Profit andLossAccount | t'000 | Ê'000 |
| Turnover | 9,388 | 9,795 |
| Cost of sales | (1,111) | (87e) |
| Production expenses | (3,960) | (6,03e) |
| GrossProfit | 4,31,7 | 2,877 |
| Administration expenses | (2,257|(1,764) | |
| Bankinterest | 68 | 21 |
| Taxation | 793 | v42 |
| Other recognisedgainsandlosses | (25 | |
| Result for thefinancialyear | 2,921 | 1,85'l |
| Retainedearningsbrought forward | ||
| Charitable.distributiontoparentcharity | (2,e21) | (1,851) |
| Retained earnings carried forward | ||
| 3lMarch | 31 March | |
| 2024 | 2024 | |
| The assetsandliabilities of the subsidiary were: | €'000 | c'000 |
| Fixed assets | 436 | 440 |
| 'Currentassets | .5,654 | 3,150 |
| Creditors: amounts falling duewithinoneyear | (6,0e0) | (3,590) |
| Total netcurrentassets |
| valuationswere reviewe fair valueatthebalance |
dintheyearand theT sheetdate. |
rusteesconsid | er thatthisisthebe | st estimateof |
|---|---|---|---|---|
| Consolidated | Charity | Gonsolidated | Gharity | |
| 2025 | 2025 | 2024 | 2024 | |
| Fairvalue | Ê'000 | €'000 | €'000 | €'000 |
| At1April2024 | 1,565 | 1,140 | 1,650 | 1,200 |
| Revaluation loss | (26) | (26|(85) | (60) | |
| Asat31March 2025 | 1,539 | 1,114 | 1,565 | 1,140 |
| 8.Debtors | ||||
|---|---|---|---|---|
| Consolidated | Gharity | Consolidated | Gharity | |
| 2025 | 2025 | ?024 | 2014 | |
| f'000 | €'000 | €'000 | ['000 | |
| Trade debtors | 2,539 | 2,075 | I,985 | 1,440 |
| Amounts owedbyrelatedunder,takings | 7 | 4,829 | 2 | 1,858 |
| Other debtors | 70 | 62 | 484 | 449 |
| Corporation Tax Receivable Accruedincomeandprepayments |
1,534 '2.224 |
2.102 | 741 2.923 |
2.874 |
| 6,374 | 9,068 | 6,135 | 6,621 |
| 9.Creditors: amountsduewithi | noneyear | |||
|---|---|---|---|---|
| Consolidateä | Charity | Consolidated | Gharity | |
| 2025 | 2025 | 2024 | 2024 | |
| e'000 | Ê'000 | Ê'000 | €'000 | |
| Loan | 325 | 325 | 137 | 137 |
| Tradecreditors | 1,848 | 1,789 | 750 | 710 |
| Social security and othertaxes Othercreditors |
936 2,475 |
936 2,475 |
1,011 586 |
1,011 586 |
| Accrualsanddeferredincome | 8,946 | 7.735 | 9,901 | 8.207 |
| 14,530 | 13,260 | 12,385 | 10,651 |
| Gonsolidated | Gonsolidated | Gharity | Consolidated | Charity | |
|---|---|---|---|---|---|
| ' | 2025 €'000 |
2025 €'000 |
2024 Ê'000 |
2024 Ê'000 |
|
| Balances broughtfonrard at1April | 6,335 | 4,674 | 5,741 | 4,805 | |
| Releasedinyear | (6,021) | (4,362) | (5,400) | (4,465) | |
| lncome deferredinyear | 5.971 | 4,786 | 5,994 | 4,334 | |
| Balance carried forward | 6,285 | 5,098 | 6,335 | 4.674 |
| Gonsolidated | Gharity | Consolidated | Charity |
|---|---|---|---|
| 2025 | 2025 | 2024 | 2024 |
| Ê'000 | €'000 | €'000 | Ê'000 |
| 4.103 | 4.103 | 4.368 | 4.368 |
| Gonsolidated | Consolidated | ||
|---|---|---|---|
| &Charity | & Gharity | ||
| 2025 | 2024 | ||
| t'oo0 | t'000 | ||
| Payable | within1year | 32.5 | 137 |
| Payable Payable |
2-5 years over5years |
4,428 1,298 805 |
__l!91_ 1,092 3 276 |
| 12. RêconciliationofNetlncoming Resourcesfr | omOperatingActivities | omOperatingActivities | toNet Cashflow |
|---|---|---|---|
| Consolidated | Gonsolidated | ||
| & | Charity | & Gharity | |
| 2025 | 2024 | ||
| Consolidated | Ê'000 | Ê'000 | |
| Net inconle forthe reportingperiod Dividends, interestandrentsfrominvestments Depreciation |
'16 | 6,221 (1,079) |
2,217 (572) 16 |
| lmpairment | 26 | 85 | |
| Finance costs | B5 | 85 | |
| (lncrease)instock | (60) | (1e) | |
| (lncrease)in debtors | (23e) | (2,982) | |
| lncrease in creditors | 1,957 | 3,224 | |
| Netcashinflowfrom operatingactivities | 6,927 | 2 054 |
| At1April | Non-cash | Cash | At31March | |
|---|---|---|---|---|
| 2024 | Flow | Flow | 2025 | |
| Ê | c | Ê | Ê | |
| Cashatbankandinhand | 14,276 | 9,344 | 23,620 | |
| Borrowings | ||||
| DCMS loan' | (4,505)' | (85) | 162 | 4.428| |
| Netdebt | 9,771 | (85) |
9,506 | ____ße_ |
| 17.Netmovementinfunds Forthey |
earended | 31Marcn2025 | 31Marcn2025 | ||
|---|---|---|---|---|---|
| At1April | lncomeExpenditure | Transfers/ | At3lMarch | ||
| 2024 e'000 |
Ê'000 | €'000 | Gains/Losses Ê'000 |
2025 €'000 |
|
| Restricted Funds: | |||||
| National Youth Dance Fund | 182 | 555 | (654) | 45 | 128 |
| DameHilda BracketFund, | 124 | (4) | (25) | 95 | |
| \MatNext?Fund | 33 | 56 | (8e) | ||
| Stratford | 2,829 | (2,819) | (10) | ||
| DOPODO | (32) | 108 | (60) | (16) | |
| Breakin'Out | 2 | (2) | |||
| CreativeDevelopment Fund | 1,112 | 1,112 | |||
| Development | 12 | 76 | (64) | (15) | 9 |
| Learning andEngagementFunds | 461 | 687 | (721) | 98 | 525 |
| Programming,Producing&Touring | |||||
| Funds | 52 | 108 | (ee) | (1) | 60 |
| Rose Choreograph ic Prize | 803 | 3,773 | (765) | (4) | 3,807 |
| DataAcceleratorProject | 54 | (54) | |||
| Otherrestricted funds | 10 | 51 | (8) | 45 | |
| 1,7019,355 | 5,339) | 64 | 5,781 | ||
| Unrestricted Funds: | |||||
| Desig.natedFunds | |||||
| PeacockTheatreFund | 58 | (64) | 106 | 100 | |
| Sadler's WellsTheatreFund | 750 | 750 | |||
| Transitionand ResilienceFund | 1,603 | 1,603 | |||
| The Shakespeare's HeadFund | 377 | 377 | |||
| 435 | (64) | 2,459 | 2,830 | ||
| GeneralFund | 4,73433,950 | (32,448',) | 1,756) | 4,480 | |
| 6,870 | 43,305 | (37,851) |
767 | 13,091 |
| 18.Analysis ofNetAssets | betweenfunds | |||
|---|---|---|---|---|
| Fixedassets | Gash | Other net liabilities |
Nettotal assets |
|
| c'000 | Ê'000 | ['000 | €'000 | |
| Unrestrictedfunds | 981 | 14,660 | (11,161) | 4,480 |
| Designatedfunds Restrictedfunds |
425 174 |
2,405 6,555 |
(948) | 2,830 5,781 |
| TotalFunds | 1,580 | 23.620 | (12,109) | 13,091 |
| 21. Gomparative net movementinf | undsyeare | nded 31l{iarch2024 | nded 31l{iarch2024 | ||
|---|---|---|---|---|---|
| AtI | lncome.Expenditure | Transfers/ | Ar3l | ||
| April | Gains | March | |||
| 2023 ['000 |
Ê'000 | Ê'000 | €'000 | 2024 €'000 |
|
| Restricted Funds: | |||||
| National Youth Dance Fund | 124 | 600 | (706) | 164 | 182 |
| Dame Hilda Bracket Fund | 126 | (2) | 124 | ||
| VúhatNext?Fund | 36 | 129 | (132) | 33 | |
| Stratford Mobilisation | 1,337 | (1i329) | (8) | ||
| DOPODO | 5 | (32) | (5) | (32) | |
| Breakin'Out | 18 | 402 | (418) | 2 | |
| Development | I | 42 | (23) | (15) | 12 |
| Learning andEngagementFundS | 276 | 768 | (57e) | (4) | 461 |
| Programming, ProducingandTouring | |||||
| Funds | 301 | 545 | (7e4) | 52 | |
| RoseChoreographicPrize | 992 | 37 | (226) | 803 | |
| DataAcceleratorProject | 89 | 25 | (60) | 54 | |
| Otherrestricted funds | 25 | 3 | (18) | 10 | |
| 2,000 3,888 | (4,319) | 132 | 1,701 | ||
| Unrestricted Funds: | |||||
| Designated Funds | |||||
| PeacockTheatreFund | 58 | 58 | |||
| The Shakespeare'sHeadFund | 402 | (25) | 377 | ||
| 402 | 33 | 435 | |||
| GeneralFund | 2,251 37,869 | (35,878) | 492 | 4,734 | |
| 4,653 41,757 | (40,197) | 657 | 6,870 |
| 22.Comparativeanalysis | ofnetassetsbet | weenfundsy | earended31 | March2024 | |
|---|---|---|---|---|---|
| Fixed | assets | Cash | Othernet liabilities |
Nettotal assets |
|
| Ê'000 | €'000 | €'000 | E'000 | ||
| Unrestricted funds | 1,020 | 11,540 | (7,826) | 4,734 | |
| Designated funds Restricted funds Total Funds |
. | 1,622 402 200 |
14,276 33 2,703 |
(1,202\ (9,028\, |
6,Ü0 435 '1.701 |
| 23. Comparative fundandstâtbmen 2024 |
t of financialac | tivitiesbalance | syear ended 3 | 1 | March |
|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Total | ||
| Funds | Funds | Funds | Funds | ||
| Yearended | Yearended | Yearended | Yearended | ||
| "3lMarch | 3lMarch | 31 March | 3lMarch | ||
| 2024 | 2ß24 | 2024 | 2024 | ||
| t'000 | Ê'000 | Ê'000 | €'000 | ||
| lncome | |||||
| Donationsandlegacies: | |||||
| Sponsorship & donations | ,2,297 | 1,401 | 3,698 | ||
| Arts Councilfunding | 2,376 | 2,24'l | 4,617 | ||
| Charitable activities: Theatrepreseqtations |
28,478 | 125 | 28,603 | ||
| Activities forr:aisingfunds: | |||||
| Trading income Otherincome |
3,332 851 |
84 | 3,332 '935 |
||
| lnvestmenti'ncome | 535 | 37 | 572 | ||
| Totallncome | 37,869 | 3,888 | 41,757 |
||
| Expenditur | |||||
| Charitable activities: | |||||
| Expenditureonpresentations | 27,731 | 2,503 | 30,234 | ||
| Theatre overheads | 4,583 | 1,662 | 6,245 | ||
| Activities forraising funds: | |||||
| Fundraising costs | 900 | 80 | 980 | ||
| Trading TotalExpenditure |
2,664 35,878 |
74 4,319 |
2,738 40,197 |
||
| Netlncome before lnvestment Losses | 1,991 | (431) | 1,560 | ||
| Unrealised LossonInvestment |
|||||
| Properties | (60) | (25) | (85) | ||
| OtherRecognisedGains.andTheatre | |||||
| TaxRelief | 553 | 189 | 742 | ||
| Net lncome | 484 2 |
(25',) | (242) | 2,217 | |
| Grosstransfersbetween Funds | (1) | 58 | (57) | ||
| Netmovement in Funds | 2,483 | 33 | (2ee) | 2,217 | |
| NetFunds atIApril2023 | 2,251 | 402 | 2,000 | 4,653 | |
| NetFunds at31l.fiarch2024 | 4,734 | 435 | 1,701 | 6,870 |
| Theatre | 2024 | |||||
|---|---|---|---|---|---|---|
| Presentation | Overhead | Fundraising | Trading | T.otal | ||
| Ê'000 | â'000 | .â'000 | â'000 | Ê'000 | ||
| Executive Finance People |
Office | 786 2,204 375 |
,67 191 '33 |
59 167 28 |
-109 306 52 |
1,021 2,868 488 |
| 3 | 291 | 254 | 467 | 4,377 |