Company No. 01509049
Charity No. 280885
Theatro Technls Company Limited
Report and Accounts
For the year ended 31 March 2025
26 Cmwndalg Road
Camden Town
London NW11

Th8atro Technis Cornpany Limited
Llmited by Guarantee Charlty
Contents
Page
L8gal and administrative informalicjn
Trustees. report
I ndependent examinerfs report
10
ststement of financlal actlvltl88
11
Balanc8 sheet
12
Notes to Ihe a¢count5
13-15

Th&￿r0 Technls Company Llmited
Legal and Administratlve Informatlon
For th• year ended 31 March 2025
Charity Name
Theatro Techni8 Company Limited
Charoty reglstration number
280885
Company reglstratlon number
0150￿9
Roglstered offlcfr and opgratlon8
addrnss
26 Crowndale Road, Carnden Town,
London NW1 1 rr
Directors {Trust8•s)
Chrislos Araclides
Steve Constantine
Lucy CtwiatofL
Marilyn Panayl
Andr6as Gavn'olido8
Michaftl Const8ntin8
Panos Saw4ides
Constantin8 Louls
Dorota Krimmel
Aristophanes Eugenlou
re8igned 27 January 2025
appointed 28 November 2025
S•er•tary
George Eugeniou
deceased
Independent Examlmr
Bridget Kalloushl ACIE
Independenl Examiner
6 Linden Road
Lt)ndon N10 3DH
Bankor$
Lloyds TSB
160 Camden High Street, London NW1 ONG

Thoatro Tochnis Company Llmltad
Trustees. R6port
For th8 year endod 31 March 2025
CHAIR'STHANKS
This year sadly108t Goorge Eugeniou the founderand artstiG dir8G*or of Theat￿ Technis. His
funeral Serv1￿ toth Pla￿ at the Theatre was attended by many members of the ￿mrnunty
whoso lives he tOLKhed. He has left an indelible legacy.
We continuè with Our commitment to a wido range of independent artlsts and the
communities who live and work tx)th locally, across London and furth8r afi81d. Despite the
(Jffficult challenges we faca, and our communities suffer economically, wè r8main steadfast
in our mission and adhere lo the values that are to our organization.
As we enter our seventh decade. w& are det8rmin8d to fost8r resilience both within the board
of trustaes working togethèr with our committed team of staff. K6ry Kyriaoos Michael MBE
continues his stellar work as our Creative Director and has developed the skills of his team.
Our ambition is to develop our capltal plans for Theatr6 Technis for the next l 00 years began
to take its flrst stage steps with appolntment of Wild knhltects. The plan is to increa3e the
footprint of our site by a third, building for the future new wings 'From East to West,. The
buslness plan indudes not only adding capacity to our activities but al80 a secondary income.
Located in the heart of Ihe King'8 Cross and Somerd Town regeneration, our re-imaglng of
the publlc space around us is key and places us shoulder to shoulder with the ambition8 of
this unique London hub of creative, economic and strategic development zone.
The board of Trustees would like to expr8s3 their sincere thanks to all the slaff m8mbers led
with great skill by Cr88tive Director Kerry Kyrlacos Mlchael MBE, and his small part-tlme team
of dedicated fre0lane￿ staff. Thanks al80 go to rny fellow trustees, who continue to offer theSr
expertise, knowledge. and energies voluntarily to support and develop our vislon.
We extend our gratitude to all those who support and work wlth us, including the continued
support of our anchor tenants Over this period. We were joined by The London Sinfonietta.
The Production Exchange, MENA ARTS UK, SGene and Heard Hnd Kyriacos and Company.
Speclal thanks go to our funders, trusts and foundations and indlvldual donor8. Year on year
we have seen an increase in both the numb8rs and dIVe￿ty of our audlences and users bringing
public benefit in(Juding joy, [￿OMOting wellbeing and economic opportunty through the crealive
arts. W8 re-launch￿ our friends, ycial friends and Patrons. schem8 and thank them 6SP8cially
for their supp(yt and engagement. Thes& membws ofour communlty are integthl to owsuccess
and to realising our future development.
Dr Marilyn Panayi
Chair

OBJECTS AND ACTMTIES
The objects of Theatro T6chnis are".
VISION
1. Shape a bold, pioneering and relevant creative vision for tha pèople of London and
beyond, building on the values of Theatro Technis (rr) and George Eug8niou
2. Create. programme and commission an artrstic programme of WOrtd￿8sS theat￿.
3. Develop and nurture diverse talent, particularly from ethniGally diverse communities
including Cyprk)ts and other Global Majority a￿"St$.
4. Ensure that wa aré A $&Ctor-18adina c8ntr8 for a ojmmunity of p2rt1clDants. artists and
audiences Inieresled In the widei dlaspora.
5. Consolidate our positlon as a key cultural v8nue in Camden and London, providing
opportunities for olher Theatre and Performing Arts Companies with similar values.
6. Champion exceptlonal creaijve learning, artist development, wmmunity engagemonl
programmes and performance opportunits"8s.
7. Engagg, grow and insplr8 audiences.
8. Nurture partners and fundérs to invest In our work.
MANAGEMENT VALUES
1. Provide inspirational leadershlp that brtngs 10 Ilfe the companvs ambitions.
2. Advocate the wotk of Th at every op￿rtunity.
3. Create a balanced programme that dellvers both artlstically and financlally to ensure
is a viable and sustalnable business for the future.
4. Create and oversee the implementation of rr's strategic plan, includlng any Capital
developments.
5. Overseeing annual budgets, en8urlng that Income targets are met, costs controlled.
and opportunltles maxlmlz8d.
6. Bulld productive extemal partnBrship3 wfth stakeholders. potential funders and CO•
producers.
7. 88Gure fundlng from Art3 Counc51 England and other fundeT3, inGluding tTU3tS end
foundatlons, C¢yporate partnership3 and Individuals that can support the artistlc
vision.
8. Be an effective ambassador for rr's values, methodology and pioneering work In
the wider arts landscape locally, nationally, and internationally.
9. Ensure exceptional go¢)d govemanGe, Including but not limitèd to charty lawg.
PUBLIC BENEFIT
Th8attD TeGhnis is a theatre rooted in ils neighbourhood in north London. Our producing and
presenting programme brings people together and reflecls the vibrant cultural diversity. identity
and experiences of the people and communities in our area. Vve wholeheartedly believe in the
importance and power of the art8 in peopl6's lives. Our events promote (x)mmunity cohe3ion,
Gonnect people, and inspire joy.
We incubate local creative talent to support and platfonn the next generation of diverse artists
who are contributing to Ihe broader arts eGology and the UK as an innovative sector. We also
prioritise working with new and ernerging companies wlio want to break Into the mainstream
and soe us as a stepping ston8. We also focus on new writing and new voicos.
Sm811-scale, grassroots venues Ilke ours, are p8rf8Ctly posittoned to éngage and support
paople in Iheir lives or careers. and our dired connection to the local c￿ativeS that come
through our Spa￿ gives us a unique insight into their needs.
In 24125, we hosted over 48 productions and events, vKJrking with 34 different ￿rnpanIeS and
individual artists. We managed to keep our tsckot prices accessibl& and low, with an average of
£16, and we sold over 6000 tickets. Making our average capacity stay steady and grow to
over 81 on average.
We actively respond to the aspirations, demands, and challenges of working in on8 of the
largest social housing estates, Somers Town. This is most clearly explained by highlighting

examples of how we are embedded within our communty, including our work with Dldeaf
artists and audi8nc8s, women's groups. and Queer praGtitioners. Once agaln, we ttlebrated
our commitrnent to emerging artists through our involvement with the Camden Fringe Festival
and our pride in our foundatians and history with our annual Cyprus Week Festival, which
showcased the new work.
Other examplos includ8 our ongoing p4rtnership with Scene and Heard, who vlsit us three
times a year, showcasing the short n8w plays by children from the Somers Town estates.
Trusteas have paid due attention to the guidance of the Charlty Commlssion in ensuring Ihat
all of these aGtivities dre unclertaken for Ihe public b8nefit andlor preparing the charity for its
primary adivities,
ACHIEVEMENT AND PERFORMANCE-
The key achlev8mentS in 2024125 have been:
The Sultcase
A new play looking at mlgration What do you take wlth you when forced to leave your home?
ORANGES AND STONES
Told solely through physical action, a play that conveys a moving image of occupation in Pal-
estine spannlng 75+ year5.
Infinlty & Beyond - The Boundless Plays
Ten short play5 written by Scene & Heard Member Playwrights aged 10 -11 and perft>rmed by
professional actors.
What's Funny About Oxbow Lakes?
School is in sesslonl Thirteen hours, six students, one i51and - can they weather the storm?
Candles on the Cake - The Wlshing Plays
Ten short plays written by Scene & Heard Member Playwrights aged 9-11 and perforrned by
professlonal actors.
The Trojan Women- a Stsged readlng
A one-off performance of Euripides, Classic Greek play to comrnemorate Cyprus Weok
Staged Readlng: Perseus
What makés a hem? Who are the ￿al mon5tersP How does a pet50n become a god?
Blrthday Animals
Ten short plays written by Scene & Heard Member Playwrights aged 9-10 and performed by
professlonal actors
Passa8e
A show about memory, the passing of time and how the ordinary and extraordlnary sit side
by side.
The Interpretation
A famou5 retirin8 conductor grapples with hi5 ego and past regrets.
See It. Say It. Sorted. The Musical.
Presenting the UCL Musical Theatre society's ORIGINAL Musical See it. Say it. Sortedl
Brnlnstorni
A unique theatrlcal investigation into how teenagers, brain5 work. and why they're designed
to be the way they are.

The Trylng Rooms
A dance theatre double bill about turbulent relationships and motherhood, told by a mother
and daughter duet.
Hotel Paradi30
The clas51c French farce performed by students from Drama Classes London.
Staged Reading: The Martyrs
A new play reading of a darkly cornic, British-lranian thriller about hitmen, artivists and
Persian Discotheques.
The Cyprla- a stsged readlni
A minor retelling of the epic Ilfe of the semi-legendary Stasinu5. lost poet of Cyprus
The Rape of Aphrodite - Our Journey- My Story
An evening of theatre followed by song and dance
Majnun
Work In progress sharing of a modern, relma8ined tellin8 of thc Arabian classic "Layla and
Majnun" set in London.
For The Love of Cyprus- Martha & Eve and Guests
Martha D. Lewi5 and Eve Polycarpou Invite you to a special evening of music and songs
Including:
Toula
A verbatim theatre performance based on real interviews with Liasii performed In Cypriot
Greek wlth Inglish surtitles.
Jullu5 Caesar
The Factory production of a new take on the classlc play.
Under Every Sky
A powerful Journey through love'5 many forms, from the classical and unrequited to the
hateful and unspoken.
Where We Meet
An interactive dance instsllafjon where audiences experience the inner thoughts of dancer5
as they walk close to them.
Good Boy
A shockingly funny debut play about trauma, the Social politfcs of hook-up apps, and suicidal
rabbits.
Stand By Me
The winter. three women far from thelr homeland intertwine their Ilves.
Pandora's Box
A Greek Cypriot woman revisSts her childhood horne, now inhablted by a Turklsh Cypriot
family, sparklng a poignant encounter.
The Duchess of Buckingham Regrets to Infonn You That Her Husband is Dead
Love, death and pocket-watches - the regency story you weren't expecting.
Lear's Shadow
A mischievous, engaging reflection on Shakespeare'5 great domestic tragedy.
Ending Ihterval
A fusion of absurd acts and a touch of (probably) serious thoughts

From Camden to Enfield - A Cyprfot Migration Story
A film looking at the migration across London of North London Greek Cypriots, and how they
bullt a community.
Who Do We Thlnk We Are?
WHO DO WE THINK WE ARE? Is in-person seminar and conference that explores the health
of British Cypriot representation within the wider cultural malnstream of the Live and Rec-
orded Arts.
Sécond Hand Problems
Three storie5 of women stuck in limbo. A wacky, honest and moving tragi-comedy, celebrat-
in8 Sisterhood's Joy and 8rief.
Wish You Were Here
The Gate Theatre presents the UK prernie￿ of Pulltzer Prize winner Sanaz Tooss1'5 "Wlsh You
Were Here"
King Lear
City Academy Actors Company present King Lear by William ShakÉspeare.
Pan Metron Ariston
A satirical new play written and directed by George Eugeniou, Artistic Director of Theatro
Technis.
Galentlne s Day
Thought Small tslk with your hairdresser was bad? Thlnk a83in.
Ind180 Giant
Indigo Glant revisit5 a forgotten moment in British hlstory and a moment in Bengali history
that will never be forgotten.
The Unlcorn in Captivty
As F and M's ￿lationShip deepen5, M discover5 F has been keeping a secret, drlvin8 him into
an obsessive exploration.
The Circular Play- A Writeback Productlon
Scene & Heard present a unique production in collaboratton With The 8rltSsh Library this
autumn.
FINANCIAL REVIEW
Results for the yaar
The financial model for Theatro Technis is ts achieve at least a break*even Position on
activities or programme that is undertaken. Any surplus incoma from tickot sales, hires or
adiviti8s will be used to build up reserves in line with the reserves policy, and to further the
charity's aims and objectives.
Tha cost-of-living crisis has continued to impact our communities, Iow8ring thgir disposabl8
income. Audien￿ behaviour is unpredictable. and attendance remains lower than it was
pre-GOVID resulting in lower audi8nGe numbers than we predicted.
In the year 2024-25 income was £224,fA1 of which £224,641 was unrestricl8d and £NIL
restricted. In Gomparison, in the year 2023-24 income was £385,933 of which £385,933 was
unreslricted and £NIL restricted.
Expenditure in 2024-25 was £218,592 of which £218,592 was unrestricted and £NIL
restricted. In comparison, in the y8ar 2023-24 expenditure was £175.462 of which £175.462
was unrestricted and £NIL r8Stricted.

The detailed figures are included in the financial statemenls. Al 31 March 2025 the charity held
a general fund of £346,666 and a restricted fund of £NIL. Total fvnds held at the 31 March
2024 were £340,617.
Golng Contsm
The budgets and current managetnent accounts for 2024-25 have been reviewed by the
Trustees and the independent 8xaminer, with modalling carried out to include a worst-case
scenario.
The Trust805 consider that the fundraising generated in thi5 year. alongside the fundr8i8ing
and revenue generation plans in place, will b8 Sufficient to cover planned expenditure.
Therefore, based on the information available to th8m gt th8 point of signing of this document
it is the Truslees opinion that the organisation Gan Gonb"nuo to operate as a going concem for
the next trf4elve months.
Roser¥es posfcy
The Company will work towards building roserrfe8 equivalcnt to 3 months of operations.
This would amount to £25.000 to include:
a) Three months salaries
b) Any redundancy payments due to staff
c) 3 months building operating wsts (e.g. heat, light, m81nlenance)
Dur reservés posltlon at 31 MArch 2025 w83 a general fund of £348.668 and restricted funds
£NIL. Tolal funds held of £346.666.
FUTURE PLANS
Produce four in-house full-sixle productlon: These include new plays by Phillp da Voni,
Che Walker and Hannah Khalil
Roll out our public consultation on the capital plans for the theatre
our partnership with: s￿ne and Haard, The Produdion Exchang6, and London Sinfonia
Lauch our Assoclate Programm@ and our trainee Associate Programme who 8re all
Camden residents.
Growing our Friend and Patron support.
Growing on the hugely successful conference for the Cypriot CreatFve . Who Do You
Think You Are: Who Do You Think You Are.
Further develop our Green Policy and procedures.
We will continue to work with our local stakeholders to develop our capital plan8 and
work towards submlttlng our proposals.
LONG.TERM OBUGATION
Th8 long-term obligation has bean r81eased to the charity vrilh the understanding that,
should the building be sold for a profrt, this Would be reviewed.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governlng document
The organisation is a charitable company limited by guardntee, incorporated on 24 July
1980.
The company was established under the Memorandum of Association which provided the
objects and powers of the charitable company. It is govefft8d under the Articles or
Association. In the event of the Gompany b8ing wound up members are rèquired to

contn.bute an amount not exceeding £1.
Recruitmont and appointment of new trustees
The charity is governed by its board of trustees who are appointed under the leTms of
the wnstitutitsn. The Board must consist of at lea3t five but no more than fifteen trustees.
New trustees are propx)sed by serving truste8s arid elected with a majority vote by Ihe
6XiStsng trustees. Proposed trustees are invited to tneet with the chair, tnjstees ano
executive team and to observe a quarterly meeting. If. after this, potential trustees wish to
S8rv8 on tho board, tho oxi8ting trustees will then decide wh8ther to invlte them lo b&com8
a trustee.
When Ix)n8idering appoinling new trustO8S, tha Board has regard both to the charity's need
for any speclallst skllls and to the diversity of the Board's membership.
InduGtion and trainlng of n8w trustogs
Newly appointed trustees undergo an Induction proce&8 including briefing them on their
responslbilhles as truste68, docigion-making processes. thè charity's govemlng document.
Ihe strategic plan and recent flnanclal performance, and the latesl set of accounts of the
charity
Organisational struclu
The board of trustees meets at least four Um88 a year. Durfng these meetlngs, all matters
regarding th8 managwfient and the furtherance of the OTganisation's charitsble aims and
objectives are di3eussed and decldad upon. A Finance and General Purposes Exocutlve
Team has also been established.
Decislon maklng
Decislons are reached by consengus or, when necessary, by majorfty vote or quorum of
membars attending.
Risk Mana￿ment
The trustees have a duty to identfy and review the risks to whiGh the organisation Is
exposod and to ensure appropriate conlrols ar8 In pla￿ lo provide reasonabl8 assurance
againsl fraud aTKI error.
The Tru3t8es' risk management strategy comprises of a comprehensive budgeting and
planning system with an annual budget. regular m88ting of the Finan￿ team: monthly
review of the managemeni accounts v8 budget.
The Trustecs have identiried and reviewed the major risks to which the chartty Is exposed
on a rogular ba816. Rieko Ihat are bein9 reoularly monltorgd Inclutso..
Rcductd incomo du• tu dudlgncglhlr9r appgtlto aue to tho Coat-crt-Li¥rng cr131s
Reliance on Prlvatg Hira8 aciivty.
Reliance on 6uccessful fundraising and public subsidy and the Increasingly
competitive market
Lack of tourlng theatr@ product
Parsonnal capacity and well-being
Mitigations Incluue:
Cautious budgeting ground Incomo targgtg
Regular review of management accounts vs budget
Offering in-kind support with rehearsal spac£ and help with funding appllcations for
theatr8 makefs nurtunng creation of artistic product
Developing a robust fundralsing plan cov8ring both corg and projects
The Trusteés are satisfied that Sy3tems are in place to mitigate the charity's exposure to
the major rtsks. Cotnpany policigs and proCedU￿S are dosely monitored. A key elem8nt in
the management of flnanGial risk is the settirKJ of a res￿ve5 policy and its regular reviaw.

The Trustees foster an environment in which the team are able to take appropriate artistic
risks as part of the development and innovation of new artistic approaches.
The financial statements Gomply with current statutory requlrements, the charity's
memorandum of association. Acmunting and Reporting by charities.. SORP applicable to
charities preparing their accounts in accordance With FRS 02.
Independent Examlner
A resolution proposing that Brfdget Kalloushi ACIE be appolnted as Indep8ndent examiner
of the charity has been put to the members and approved.
The report was approved by the board on 3 Doc8mber 2025 and ¥vas signed on Its behalf
Dr Marllyn Panayl
Chair of Trustees

Theatro Technis Company Limited
Independent Examinerfs report to tho trustees of Theatro Tochnls Company Limlted
For the year ended 31 March 2025
I ieporl on the accounts of thé company for the year ended 31 March 2025 set out on pages
8 and 12.
Respoctlve rnsponslbllltl•s of INst￿9 and •Mmln•f
The trustees (who are the directors of the company for the purposes of company law) are
roswjngiblè for the proparation of the Accounts. The tru$te&s consider that an audit is not
required for this year under section 144 of the Charities Aot 2011 (the 2011 Act) and that an
independent 8xamination is needed.
It Is my responslbility to:
Examlne th8 accounts undw section 145 of the 2011 Act..
To follow Ihe pro￿dureS laid down In the gen8ral Diiectlons glven by the Charity
Commlssion under seclion 145(5){b) of the 2011 Act; and
To state whether matters have come to my attention.
Basls of Inde￿ndent Examlnèrfs staloment
My examination was carriad out in accordance wlth the
eneral directions given by the
Charity Commission. An examinatlon includes a review of lh8 accountlng records képt by
tho charity and a comparison of the accounts presented with those records. It also includes
consideratlon of any unusual ftems or dlsclosures In the accounts and secking explanations
from you as trustees concernlng any such matters. The procedures undertaken do not
provlda all tha 8vld8nco that would be required in an audit and consequently no oplnion Is
glven as to whethor the gcoounty present a 'true and fair view, and the repart 13 limlt8d to
thube Tnatters set out In th8 Statément below.
Independent Examiner's statern4￿t
In oonnection y￿th my examination. no mattel has come to my attention to Indicate that:
accounting records have not been kept in accordancè with 88ctlon 386 of th6
Companies Act 2006;
the a(zounts do not accord with such records;
where accounts are prepared on an accurate basls, whether thèy fail lo comply with
relevant accounting requirements under section 396 of the Companies Act 2006, or
are not consistent with the Charities SORP {FRS102>;
any matter whlch the examlner beligveg should be drawn to the attention of the reader
to galn a pft)per understanding of the accounts.
Bridgat Kalloushi ACIE
Independent Examiner
6 Linden Road
London N10 3DH
3 DeG8mber 2025
10

Theatro Technls Company Limited
Statement of Financial Activities (including Income and Expenditure Account)
For tha year endgd 31 March 2025
Total Funds
Unrèstricted
2025
Total Funds
Unrestricted
2024
Note
INCOME
Donations and grants
13,357
20,556
Charilable activities:
Theatre hifts
Letting of offi'ce space
Other incom8
Overprovision of creditors
Total income
175,g80
34,875
449
127,146
66,500
2.440
169,291
385 933
EXPENDITURE
Charitable activities
Totsl exp8nditur8
218.592
218,592
175.462
175462
Nei income and net movement in funds forlhe year
ended 31 March 2025
6.049
210,471
RECONCILIATION OF FUNDS
Total funds brought foMard at 31 March 2024
Total funds carrled fonuard ai 31 Msrch 2025
340,617
346,666
130,146
340,617
Net income is also net in(JJme for Companies Act purposes
APPROPRIATION ACCOUNT
Fund at 1 Aprll 2025
Excess of income over gxpendlture for the year
ended 31 March 2025
Transfor from long-tsrm obligation
Balance Shéét at 31 March 2025
340,617
6,049
130,146
41,180
169 291
MAri4n PoNAyi IckAir)
11

Theatro TeGhnis Company Limited
Balance Sheet
For the year ended 31 March 2025
Note
2025
2024
Fixed assets
Freehold building
Fumitura. fittings 8nd equipment
Tolal r￿ed assets
298,331
4.143
302 474
298.331
1,706
900,037
Currenl a3set8
stock
Cash at bank and in hand
T￿al current assets
5,000
61,385
68.385
5.000
59,397
Creditors: amounts failing due within one year
Net current assets
22,193)_
44.192
123,787
Totsl a$sets le￿ ¢urrent liabiliti
346,666
340,617
Creditors: amounts falling due after mor8 than on8 y8ar
Total net asserts
Funds
Unrèstrlcted funds
Total charlty funds at 31 March 2025
346,666
346.666
340,617
12

Theatro TeGhni8 Company Limitsd
Notes to the Accounts
For the year ended 31 March 2025
1. Accounting pollcies
Basls of accounting
The accounts (financl81 statsmenls) h8V8 been prepared in accordance wfth Accountlng
and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their acLounts in acc￿rdan￿ with the Financial Reporting Standard applicable
in the UK and Republic of Ireland {FRS 102) (effective 1January 2015)-(Charities SORP
(FRS 102)), the Financial Reporting Standard applicabl8 in the UK armj Republic of
Ireland (FRS 102) and the Cornpanies Act 2006. The charity Gonstltutes a publlc beneftt
entity as defined by FRS 102.
The accounts have been prepared on a going con￿rn basis as the trustees believe that
no m8teriBI uncertainties exist. The trustees have cx)nsidered the level of funds held and
the expected level of income and expendlture for twelve months from authorising these
accounts and have decided that the charity is able to continue as a going con￿rn.
Incom• r•Gognltlon
All income 18 recognlsed once the charlty has entltlement to the income, there18 sufflcient
cartainty of r8¢8iPt and so it is probable that the income will be received, and the amount
of inGome rec£ivable cAn be measured r81iably.
Expenditure reoognition
Expenditure Is recognised once there 19 a legal or constructlve obllgation to make
paymenl to a third party. It is probable th8t a Settlement will be requlred and the amount
of tho obligation can be mea3ured ￿lIablY.
Fund accountlng
Restricted funds are incoming resource5, which are to b8 used for specifiG purposes as
laid down by the donor. Expenditure which meets these criteria is charged to the fund.
Unrestrlcted funds are gran15, donation5, and other incoming resources receivable for
the objects of the charty without further specified purpose and are available as general
funds.
Tanglble flxed assets
Depreciation is provided al rates calculated to write off the cost of each asset less Its
estimated residual value, over the useful economic lrfe of that asset as folhjws.
Furniture & equipment
15°h reducing balan
An assessment of the net realisable value of freehold buildings at historic cost has been
undertaken. On thg basis that freshold buildings will b8 W811 maintained and such repair
costs will be charged to the Statement of Financial Activiti8S, it is the view of the directors
that the net realisable value at historic cost equatès to cost. Depreciation is charged on
freehold buildings on th8 cost less the estimated residual value over 100 years. On the
basis of the above no charge is deemed necessary. An impairment review is carried out
on an annual basis to assess whether the marked value of the building5 is at least as
much as the carying value in the ac£ounts. Provision is mad8 for any permanenl fall in
value.
13

Dobtors
Trade and other debtors are ￿OgniSed at the settlement amount due after any trade
discounts off8r6d. Prepayments are valued at the amount prepaid after taking account of
any trad6 discounts due.
Creditors
Credltors and provisions are recognised where the charity has a present obligatlon
resulting from a past event that will probably result in the transfèr of funds to a third party
and thè amounl due to $8tt18 the obligation can be rnoa8urod or estimated reliably.
Credltors and provisions ara norrnally re(x)gnised at their settlement arnount after allowing
for any trade discounts due.
2. Expendlture on charitable actIvI￿O5
Total Funds
Unrestrlct
2025
33,775
7.364
1,612
50.498
40,160
15,302
16,028
3,408
1,324
8,911
17,578
3,429
3,028
8,587
1,500
2,215
2,500
1,701
1,417
255
218,592
Total Fund3
Unr•#trictad
2024
32,886
Production costs includlng artlst fees
PR and m8rketing
Small equipment
Front of house
Management and produclng fees
Bar oxpansas
Repairs and malntenance
Claaning
Business and water rates
Insurance
Lighl and heat
Fire and securty
Telephone and fax
Office overheads
Bookkepping fees
Subscriptiorbs and licence3
Goverr)ance cost3 - Indep8ndent examiner's f8es
Bank charges and tlckets commission
Other expenses
Dopreciation of furniturn and equipment
42.760
34,856
8.064
13,640
5,295
1,305
5,954
6,467
4,890
2,535
8,512
1,500
2,164
2,500
822
3,012
300
175,462
3. Net oxpenditure for th• y•ar
2025
2024
This is after charging..
Independent examiner's fee
Depreciation
2,500
255
2,500
350
4. Staff costs and numbers
No employ88 received emoluments of more than £60.000 per annum.
No remuneration was paid to the trustees and no 8xpenses We￿ reimbursed to them
during the y8ar.
14

Tangible flxed assets
Furniture,
fittings and
equlpment
Freehold land
and building8
Totsl
Cost
At 1 April 2024
Additions - improvements
As at 31 March %)25
298.331
91.041 389.372
26g2 ￿2
392 064
Depreciation
At l April 2024
Charge for the year
At 31 March 2025
89,335
255
89,335
255
Net book value
At 31 March 2024
Al 31 March 2025
298.331
298,331
1.706
4,143
300,037
302,474
The market value of freehold land and buildings is signtficantly more than the carrying
value and has been estimated by the trustees to be over £2m.
Cradltors: amounts falllng due
within on• y•ar
2025
Croditors and accruals
22,193
23,787
Creditors: amounts falling due
after more than tsn• yèar
2025
2024
Relatèd party transartlons
There were no related party transactions in 2024125. In 2023124 there were no related
party transaclions.
15