BREJNTW, THEATRE BRENfwooD THEATRE TRUST (A company limited by Guarantee) REPORT AND FINANCIAL sTATEME￿rs FOR THE YEAR TO 31 JULY 2025 Charity Number 285716 Company Number 16ts034 BRENTWOOD THEATRE TRUST COMPANY INFOINATION FOR THE YEAR ENDED 31 JULY 2025 PRESIDENT The Lord Petre VICE PRESIDENTS Audrey Longman Jean McGinley Mary Rodman DIRECTORS Ml¢hael Hawkins IChaiTI Staph•n Abbott (Hon. Troasur•r) Michael Bond Keren Cooke lappoiftt•d 11103120251 Anno Elllss Paul Freeman18ppoint•d 15107120251 Penelope Hollington Robort Southg¥te IDeputy Ch•lrl Patrlek Stwons Alan Wolls14ppolnt•d 0910912025) Wllllam W•ll$ COMPANY and MINUTES SEUIEfARY Jos Holllngton REGISTERED OFFICE 15 Shonfleld Road Brentwood Essox CM15 8AG COMPANY NUMBER 16690341England & Wales) CHARrrY NUMBER 716 BANKERS HSBC Bank plc 91 High Street Brentwood Essex CM14 4RU REPORTING AccouMfAMr Rlehard Lamboumo BRENTWOOD THEATRE TRUST DIRECTORS. REPORT FOR THE YEAR ENDED 31 JULY 2025 The Directors Submit their rewrt and the financial statsmonts of the company for the year ended 31 July 2025. CHAIRMAN'S REPORT l am pleased to report that the the8tre has had another good year. resulting in a surplus before depre¢i8tion of £14,984, representing a continuing strong recovery from the difficult Covid ye8r8. and from the ongoing economic challenges fa¢ed by the country over the p8riod - owing much to the hard work and dedication of the theatre team. headed until recently by lan Southgate. lan has moved on to an exciting appointment at a London thealr8. and we have been pleased to welcome new theatre manager Jake Bedson. This positive outcome reflects ex¢8llent results in increasing theatre hirings - up to £114k from £103k the previous year. We have b8nefit8d from sponsorships by our princip81 sponsors. Tees Law and Baker Lab81s, and from a very active fvnd-raising pro9ram. headed by our involvement in the consortium which organi8e8 the annual Brentwood Half Marathon. During the year wa also received a grant of £30,000 from the government's UK Shared Prosperity Fund. which w88 used lor a major upgrado of the theatre's lighting system. W8 have continued to open the c8fe Mond8V to Wednesday from 108m4pm but ke8P this under review from a viability point of view. Theatregoers ¢ontinue to recoive a full serwice from tha bar. l am pleased also to reportthat we hav8 made some progress with the S-year plan, the outline of which was provided to us by Sarah Nazum, to whom we are grateful for all the work she did. That has given u8 a firm foundation to develop it into a working document. Th•atr• Managwn•nt l offer thanks and Congra￿latIonS lo Theatre Manager. lan Southgats. who had a good year before accepting the offer of an excellent role in a London Theatre. for which he left shortly after the end of the reporting year. He le8ves 8n excellent legacy and did much to guide the th8atr8 through the difficult Covid years through to a full re￿very. leaving the theatre in good shape. He is succeeded by Jake Bedson. who comes with impressive industry credentials. having most recently been involved with the Towngate Theatro. Basildon. He has many ideas for upgrading the theatre's facilities and programme offerings. He inherits 8 golid and dependable team behind him. including Bryony Colton as Front of House Manager. Clara Moss. Guy Lee, Mark Roberts and L6wis Browning. Our thanks are also due to the Administration & Support tearn, Liz Southgate. Steph Ironmonger and Wicky Morris. Volunteers We are alway$ grateful to the army of ex¢ellent volunteers without whom th8 Theatre could not operate. The brilliant support they give us is very much appreciated. And we plan to have another 'thank you. evening event to recognise all they bring to the theatre and to show how much we value their tontribution. BRENTWOOD THEATRE TRUST Finances I began by emphasising the excellent finanrA81 outcome for the year surplus before depreciation of £14.984. The provisional forecast for the year ahead also looks promising. This trend is a demonstration of the continuing recovery ihe theatro has been making from the difficult Covid years and against a backcloth of economic uncertainty. We also saw a v￿lCome continuing increase in theatre hirings. including community hires and cinemas scre8nin9s. W8 are already taking bookings well into 2026 and. indeed. into 2027. Communlty Involvemont The Theatre continua$ to have a strong involvement with the local (ximmunity - Arts Trail. Half Marathon. Get into Art8 Festival, alongside supporting th8 many organisations that call us "home". Outgoing theatre M8nager lan Southgate was on the Executive Commlttee of the Brentwood Busine$$ Partnership, and. in tum. heavily involved with Brentwood Connect- Bren￿od'S BID (Business Improvoment Dislrictl - which is bringing much needed investmenl into making our Community a more vibrant place in which to do bu3iness and live. It is exp8Cted that new Theatre Manager. Jak8 B8dson. will be invit8d to join the Bid Board. thus engjring that the Theatre. as the primary arts hub of th8 Borough. will feature prominently in future p18n$ for the BID. Theatro Sho We had 8 full year of community and ¢omm8rcial hirn8 and professional touring shows lup on last yearl. In fact, the theatffj hosted over 400 performances and. when taking into account community hires, the total was over 470 - another busy year by any standards. The Christmag 8how of 2024, The Night Belor8 Christm8s. wem down very well with audionces. with 2.500 tickets sold. and there is a full pre-christsnas programmo tor this coming December. including the Chrislmas show. Jingle B8114 already promising to b8 a great 8ucces8. spOn￿r$hip We hwle been fortunate to enjoy (x)ntinuing sponsorship by our partnership with two prominent local firm8. Tees Law and Baker Labels. who both renewed their sponsorships for a further calendar yoar to end 2025. You will see their logos on all th8atre promotional material and in the foyer. We very much valu8 their involvement. We are very grateful for their support. Fund41aising I have al￿adY alluded to our fund-raising progr8mme. which. apart from the half marathon. included a Cinema matinee The Second-Best Exotic Marigold Hotel with Indi8n Inspired Afternoon Tea. Also. a Burlesque Life Drawing hosted by Sue. aka Curly Cloud Art. pr8sented as part of the Brentwood Art Trail 2025: and 8 Theatre Quiz. My thanks go to Penny Hollington, Bill Wells and their committee. Our involvemenl in the Brentsvood Half Marathon owes much to Vice Chaimian Bob Southgate and Peter Herrirwn. for their enthusiastic involvement in the consortium. BRENTWOOD THEATRE TRUST The Theatre Board I would like to express my grateful thanks to the members of the B08rd who are all volunteers and brin9 valuable and valued exp8rtise from many fields. as well as great enthusiasm. for the benefit of the Theatre. They range from the Headmaster of Brentwood School to the Executive Partner of Tees Law in Brentwood and encompass many other disciplines. including HR experts and former city financiers. We ar8 also grateful for Bren￿d Council's support. symbolised by the presence of two Councillors on our board as ex officio members. Towards the Ènd of last year. a stalwart of the Board. Peter Mayo. decided to step down after many years of valuable service. We thank him for his years of service and wish him vtsll for the future. Our President. Lord Petre. has also been a staunch supporter for many y88rs. To him. to all th8 Board members. and to all our friends and $upporter$. l ofler heartfelt thanks. It has. of cour88. been particularly Sad that one of our fom)er theatre managers. Mark Reed. died tragically early lin his 50'sl. He had been at ih8 the8tr8 for many years. including as joint manager with David Za1￿ from 2001 to 2017. doing much to bring the arts to Brentwood during that period. Mark was a Coun¢illor for many years. a former Mayor and a very popular local figure. He will b6 sadly missed. Mlk• Hawkim Chalmi¥n BREpifwooD THEATRE TRUST PRINCIPAL ACTivrrY The company operates a local theatre for the purposes of eno)ura9ing and promoting local Arts and Drama and the education of local youth. FINANCIAL REVIEW A very good ye8r from a financial wint of view with a surplus before depreciation of £14,984. This is slightly down on 2024 - £17.869. but that included £11.000 in legacies, which while very welcome. are not sources of regular income. Income from hire of iheatre 1$ up more than 10%. and expenses by less than 7%. largely due to a fall in energy costs. Barlcafe produced a surplus this year which is pleasing after years of losses. The viabilty of tha caf8 is under continual review. We are budgeling a small surplus again forthe coming ye8r which will be eh811engin9 as we are r81ianl on sponsorship and fvndraising. Cash re80urce8 have decreased by £41L Bs we have now spent the grants received. m8inly the £30k for the lighting upgrade. The more meaningful mea$ure of financial strength. net current 8888ts. ha8 incr8888d by £1 k to £85 RESERVES POUCY The aim of the Theatre is to generale a small surplus b8fore Long Leasehold Deprecialion. The Theatre'$ Reserve Policy is to maintain a minimum of £20.000 fr88 cash to meet unforeseen circumstsnces such as emergency repairs or an unexpected shutdown. PLANS FOR THE FinlRE In the n8ar term. we will be working on refining and finalising our 5-year plan, the draft outline of which we now have. albeit 8 Irttle later than envisaged: this will naturally brlng new projects and workstream$ to keep us busy 8nd progressive. Initial findings suggest this will focus on growing and diversifying income streams. including seeking more grant funding and securing additional spongorships beyond thoge of our existin9 'Partner companies.. The development of the plan will, of course. be driven by our new Theatre Manager who will be giv8n plenty of Board support while he settles into the role: however. he has already begun to make his mark wth a number of positive chang8s mad8 to the theatr• and has more plans to put to the Board in the coming months. DIRECTORS The directors who served during the year are as follows: . Michael Hawkins Stephen Abbott Michael Bond Keren Cooke (appointed 11th March 20251 Anne Elliss Penelope Hollington Peter Mayo (resigned 16th November 20241 Robert Southgate Patrick Stevens William Wells BRENTWOOD THEATRE TRUST DIREcfoRS' RESPONSIBILMES Company18w ￿quiTe$ the directors to prepare financial statements for each financial year which give 8 true and fair view of the stats of affairs of the company and of the profit and lo$s of the company for the period. In p￿parIng those statements the directors are requirgd to: _ selert suitable accounting polici8s and then apply th8m ￿nsIs￿ntlY. make judgements and estimates that are reasonable and prudent; follow applicable accounting standards. subject to any material d8parlures disclosed and explained in the financi81 statements; prepare the financial statements on the going (y)nc8m basis unless it is inappropriate to presume that the company will continue in business. Tha directors are responsible for the keeping of proper accounting records which disclose with reason8ble aeturacy ot any time the financial position of the company and to enable them to ensure that the financial statemenls comply with th8 Companies A¢t 2006. They are algo responsible for safeguarding the assets of tho company and hence for tsking reasonable step$ for the prevention of fraud and other irregu18rities. dl RISK MANAGEMENT The directorg have a ri$k management strat8gy in pla¢e and undertake an annual roview of the risks to the Trust and procedures in pla(* that mitigate those risks identified from ihe review. The most recent review id8ntlfled stsff suc(*ssion. given the very small number of employee8 Iwhich proved salient given the recent change of Theatre Manager), volunteer numbers, financial sust8inability (continuing economic and ￿¥1 of living pressur881. 8nd the theatre's infrastructure (some now agingl as b8ing the major risks. Th• Theatre 8oard continues to review its financial sustainability at each Board m88ting. partiwlarly the viability of the café. The above report has been preparèd in accordance with th8 $pe¢ial provi8ion8 of Part 15 of the Companies Act 2006 rel￿1ng to small Companies. Approved by the Board on 4th November 2025 BRENTWOOD THEATRE TRUST INCOME AND EXPENDITURE FOR THE YEAR TO 31 JULY 2025 2024 INCOME 8ox Oflice Less Payments to Playeys Hire of Theatre 230.955 205,969 34,931 102,925 173.533 147.001 1.106 2.277 12.739 10.(11)O 17 137,856 300 12,058 12,766 10,000 28 Interest Donations and Grants Fundraising Sponsorship Gift Aid 173.140 173,008 BAR Accourir Bar Takings Les8.' Bar Purchas68 Bar Wages 69.575 131,0841 134.0741 62.518 131,2161 134.9221 Bar SurplusllDefiGit) 4A17 13,6201 TOTAL INCOME 177.557 169,388 EXPENSES Wages Christmas Show Expensos Own Show Expenses Maintenance Rates and W8taT RatOS Insurance Bank Charges and Credit Card Charge8 Book-keeping and Payroll Cle8ning Printing Postage & Stationery Misco118neous Telephone & Digital Servi¢e$ Healing 8nd Lighting Advertising Training 80.459 13,211 1.141 8.752 2.358 4A11 74.023 12,331 910 2.271 4,152 973 5,Crf)O 11,908 233 8.081 747 16.076 7,164 6.310 12,355 314 7.973 12.466 8.765 TOTAL EXPENSES 162.573 151,519 SURPLUS FOR THE YEAR BEFORE DEPRECIATION Depreci8tion of Equipment Depreciation of Long Leasehold 14984 17,869 6276 8.028 SUIIPLUS FOR THE YEAR AFTER DEPRECIATION 2,172 APPROPRIATIONS Provision for Major Maintenance 13.IKIOI 12,0001 IDERCM I SURPLUS FOR THE YEAR BRENTWOOD THEATRE TRUST BALAPII% SHET AT31 JULY 21125 Long Le88ehold Pmperty Equipment 291.568 41190 299,237 43,846 333.758 343.083 Debtors 8nd Pfepaymenls Bar Sto¢k Cp¥h at Bank Cash In Hand 13.607 11A66 1.685 142m8 428 156A07 72.709 118.071 33.159 CREDrroRS DUE wrrFIN ONE YEAR NEf CUllREpifAssETS 84.912 83,698 2.750 415.920 417.881 C4prrAL AND RESERVES A¢cumul￿ed Fund Bffwd IDefi¢ltl I SurpluB for the year 417.881 11.9611 417.709 172 415520 417M81 For the year ended 31 July 2025 the coryyny wag entided to exemption under Sertion 477 of th Compansgs Act 21) Members have not required tho Company to obtsin an audit in a¢ have its accounts audrted. TANGIBLE FIXED &SSErs Long Lwmhold COST Equlpmont Total As at l August 2024 Additions 702,715 164,482 867,197 4.620 As at 31 July 2025 702.715 169,102 871,817 DEPRECIATION As 8t 1 August 2024 Charge for the year 403,478 120.636 6.276 524,114 13,945 As at 31 July 2025 411.147 126,912 538.059 NET BOOK VALUE 31 July 2025 291,568 42.190 333.758 31 July 2024 299.237 343,083 Additions are shown net of grants received of £30.(I)O BRENTWOOD THEATRE TRUST NOTES TO THE Accoulirs FOR THE YEAR TO 31 JULY 2025 FIXED ASSEfs- THEATRE BUILDI The long leasehold property reftected in these accourrts represents the historical cost of the construction ol the building which was lunded from donations and contributions received at the time. The cost of the building is being depreciated over the period of the lease of the land on which the building is ¢onstructed. A new fifty-year lease was entered into on 31 o￿ober 2013 and the net book value at that d*e has been depr￿lated over the perlod of the rthv leaso. 2025 CAprrAL AND RESERVES The Th88tre's capitsl and raservas arn raprasanted by 4ssOts and liabilities and ar8 split as foll0v￿. Fixed Assets Cash Balances Liabilities less Current Assets 333,758 101,834 119.6721 143.076 168,2781 PROVISION FOR MAIOR mAlKfENAh￿E As at 1 August 2024 Charge For Year Expenditure AB at 31 July 2025 8,900 3,000 8,000 2.000 2,750 CHRISTMAS SHOW Box Office Income Expenses SURPLUS ON CHRISTMAS SIM)W 23.187 20.012 Expenses include £1.00012024.. £1.5001 in respect of an internal charge for the hire of the theatre. which is included in Hire of theatre in the Income ?nd Expenditure Account. OWN SHOWS Box Offi¢e Income Expenses 9.551 14,468 SURPWS ON OWN SHOWS BOX OFFICE INCOME Box Office Income includes: £23,18712024- £20,012) in resFeCt of Christmas Show and £9,551 12024- £14.4681 in respect of Own Shows. 10- BRENTWOOD THEATRE TRUST ACCOUNTANT'S REPORT TO THE DWIECTORS ON THE UNAUDITED ACCOUNTS OF BRENTWOOD THEATRE TRusr l rnport on the accounts IOT the ￿￿¥ eThd￿ 31 Jtsly 2026 #et out on pages 6 to 111 AS d88crib8d In th• DirgCtor8' RoporL th• companvs Dlroctorn 4rn r••ponsiblo for the PTgparation of the a¢count8. and they conyider that the company is Èxempt from 4n audit It i• my rfj8pon8ibility to C8rry out procaduro# d¢$ign8d to 8nab58 ma to report my opinion. Ba￿* of Oplnlon My work wa8 conduetod in accordanco with the StstBmont ol StJndard¥ tor Roporting A¢countant$, and so my procedurgs con•i8tad uf ¢omporing tha oe¢ounts vitth the 8ecounting r￿OrdS kept by the company, and making 8ueh limitad enquiri6s of th• offi¢er8 of the c