Charity Rfrgls¢rat* No. 291344 Cryany Reyi51ratlun No. 01B71300 {EnThd arKI Walesl THE ITrEN THEATRE COMPANY LWAITED ANNUAL REPORT AND UNAUDrrED FIIIAPKiAL STATEMENTS FOR THE Y&4R ENDED 31 IAARCH 2025
THE OPEN THEATRE COMPANY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Managom8nt Commltt H B1 ¢EStut R Carter AL A Gohr V Ha4'inestoros krn8n KJReKty xm'nled 17 0(aobpr 20241 IAtpynted 17 Cktober 2024) IArrfx)inted 17 202LI Ex•cutlvg Dlractor R Ha>•KMf Charity number 291344 Company number 018713LM) Prlnclpal address DaTrr Powerlh)Jse Unit 4 Santy Le Bu9rss Pa Coventry CV1 4DQ eglstered office DalMr Powerse Unit 4 BUS$$ Park Coventry CV14DQ Independent examlner KerKJ311 wa0Y LLP PAerevde 27 Sansorne wak IV(ceSter iVR1 1NU Bankors HSBC 11 VKtotia Dthiwth WR9 8DH
THE OPEN THEATRE COMPANY LIMITED CONTENTS ManagetnentC(xnmrftee'5 relxmt Indedent exane¢S ret Stai8menioffvarMi81 aciMi*S 9-10 Balance 5h8et St8tsmeniof ¢Ashff 12 Notes to the aCCots 13-24
THE OPEN THEATRE COMPANY LIMITED MANAGEMENT COMMrrTEES REPORT INCLUDING THE REPORT OF THE DIRECTORS) FOR THE YEAR EPIDED 31 MARCH 2025 mageml c(xnmittee wesgnt Ihey annu¥ r8wKtaThY finarKwl slatemgnls the ar erhyed 31 Marth 2025. The finantial statements havÈ been tyyred in atttyJnbrwJ set (xrt notÈ 1 to thÈ nancIal $18lements and cornFAy with Ihe Crit$ MeThKYanduTr atvj AxbclBS ufAsstKiabon. ihe Cornpanies kn12006 aryj "Accounlkyg and Reporting by ChieS.. sraternenl al ReC0mrnded Pr1 apple lo chartses prepanng ccounts In cordCe wrfh the Fiar1¥ Rfwtrvj StaKlard aprlrable In Ihe UK Repth1 Iidand IFRS 1021 lettectwe 1 jaary ly?. ObjedNes and activths Frx Dver thrèe detsdes. On Thèatre has ljeen a dti¥irwJ th¥xrvJ Ihp West MThd$ as a ( best praclKe in indwve arts f(r thldren pe(ylewith dab1t5 IYPWLDI Is t¥¢LwJnwd as Df s few 8rts Organ10n$ wlh its VAn unKiue rrnrAKe. r Missi 15 rix)t&l in the belfthat C[eatsty ts a eX[esS. 1xxwctim. and liSfOrMoD. We Chap the artXCe of yD. enatAiry Ihem t0X. andenrith aj1[al life I(alty. natK>nally. and i&matsonaiy. I the heofwr wcrt a dtstntttve non-verb¥J phystsl the that places the crealiwty egencyof youn9 people Trntre stage Throu9h this appro¥h. w celealP drfference. nthure wsonal deveknwienL and ¢thallen9e ErptiOnS ofdisaL¥lty. As one ofoniy a few PrIKe, we wntiThJe lo le cherye across educabon. the Wts8 knder8(ty Ortrsh) kn Lwiby irK4uswe sysiemsthèi rece9Nse and support the cr8alive entI of th Osat4ds. Achl•vAffl•nts and porformanc• All our ¢harii& xtmties ¥e for benefil. ywr¥ peOe leamFI9 disabaiDes. The Trus h8ve considerwj the Charityconnssicn's wbli¢ berrt sh8pAig ihg strateg frx6 ofactmbos and appropriate use ol funds. as well 3s the key required to ddwerlhis work. Jr mn &tivilS during 202¥2025.. S¢hoots Programmt-weIIl1Èd to offer eeve wJraM 4fY)tk in wial and mainstrÈ8m across Coventr5'. BIrnry. Rugby. fAKly. Wasal and TaThxHth duriro 24125 WklY with over 1340 youry people auoss 22 drfTerent 5ctrK Weekly YOndChool Groups. in patht4Np &"trntnghaTn H[Lne. BIrlIngharll Rep. MidlsNJs Arts Cenire ar Enirttsl ca Thshp. we provth %veekty gwps young early youvj u118 ¥Vllh ie8ming dis8bilil$ lo take part In rKTrverW Phys81 Itreatre sessvn$ 8nd devdop pwformaices and Shng 0pwrtUnes wPre apFxowiate. These grp5 aYeraJe 15 orliupantseach Teaching DiNprpndy- furbJe(J by thePaul FOUatiDn. a 3 tryrattyne ta train teachers n our piaciice and research hiw4 can bifvwce tea¢Nw in specral siwb. The second year of the wramMe started in Septenknr 2024. 3 s¢hr%)b rw part. Two Rivers & Libety- We wprorted Two Rweis Suc$$ful bhy ts Arts C¢1 lun(StYJ fora 3 year piogramtne. wlh weeY Ow ThÈatre se$S$0en¥J m&)knrvJ op[¥)rtlI1es stalt ai LbÈtyinclusive youth mmunily org¥ni$8lw)n. Next steps. Wthing in partn1p The WrTheatre. Cortry. tris ts OLY seo)nd yegr ofw0rrVj with yourwJ people from 2 kncal secondary speual sch to gana brD of roks in thearts and devdiy perforrnarK% skilba Confide. leamng Kx4. Unbounthd. ¥orknry in pknetstrip Enlru5tCaE PartrP io Gontinue I0<er a ouigfschDd group lor YPWLD hi the Sdihull area. • Live Music Research & DeveloprneTrt- a seriesofsessions ith lEfree nwsuans. worknng alongside our piacli1e[S to explore the Ynpact and FbrtieS tKOVKled by live MUS as an aative to [X)rdd tnusic in sassions and performances. W8 havethed •Jults c(¥nF4ex reds at Focus Day C6ntr8, Hb)m8 to extyore ihB ne¥T ap[a¢h.
THE OPEN THEATRE COMPANY LIMITED MANAGEMENT COMMrrTEES REPORT ICONTIMUED) INCLUDING THE REPORT OF THE DIRECTORS) FOR THE YEAR EPIDED 31 MARCH 2025 hltsperh)g 110¥ IMme¥t PerfomiarKe- a seies ofsumwwwtshcps exping tts Ihemes and ÈraGtÉrs of Wnd thè Wlllows wlh YPWLD hped us i)ur ImrrtsivÈ show. Vlothng with 8 egrber. created an atnaarvj imttErsNe set fN young peove to be patofth2 St. Perfomed by 3 Df our 8¢1(xs and a liyp rnwtian ai The Ctesceni Theatre fcra wetrk to sdK¥J and KxJbh"caJdienttes. WÈ then knured 10 Bsrrow-in-Fumess and to sch¢oL4 in ihe Wesi IAdL¥MYs. Falllrng- a trand-nth¥ lull knglh showwas created by rFlaY members.W 18- 35 years. vA)rked 109èlher 8$ an enS6Mb 10 cre F8lin9. VAS over 2 nKJ)Is Mi Th8 Docff &'miirWam Rap ID nearly SDld-ouI audnces. Opèning Up Tralnlng. we up tsJr aptoat 10 aesiiis and ueaiNvJ ertr woth to ffts81ar artists in the area. to expl(Ke (W Theatre sntwFvert) prth. Culturp Volunteers West mIdnds-e fina of tIMs rffjgrarnlr. Ythvig ith Cumure CntrHJ. &awthp contsnuaiw ¢fr access 5UFVOrt fty regH)rd Ve9 and (Ygan6atAY6 and creation ol a rtw $$ i(KJkit. I'm Me- Dy Yotk St John unNew 7 Qtw arts Cygantsatths auoss COLty. I'm Me 1$ 8 2-yaar Arts and Hurnan lies Research Courril woie(xY>rkYw wth Mrj disaNed aUbSt artists to expknre qu1$ of eIlty. represPntabon and vol. Inclusive Irnmew5ivp- folLwng on froTn Ihe 5G proie(X. this latation I¥een Open Theatre, Ash Brown, 19¢xl GamKw and Coventy Universty saw ddNwyof a wes ofueatiye leCt)nY sessK>r6 in 3 CU¥t?lrY 111(Judviy i11u[ Iv uli1vtY. 41[ d yiuup ufwr diiLYs iiivEs1iydtiiiy real and virtual vnrld and effects on Itwwh molpIUre suits. lnlevnat1on Y•Jrk. We Vre lo lake ourThrector atKI a Raffl PT&1thne lo thb Nelhetsnds to work ¥vith jeu9ltheatersctrM kl)St in knsterdam. ThLS is a partnershr> aeveloped ¢ver several year$ 8ndw&s an opwrtunity lo train n&Y methers of u1[ youth utre learn in I.¥erba prac1e. Artists Support- We wnthnue to supp(1 artists'mth dithlthfs thrOh othstic reside&3, dei'eloprnent of perfome Ideas and a¢¢es¥ suppxt for atbst dBvebptrenl Kwramths awsKle appli¢abons fOrfUlng. ThByear this inclu(d supportrvJ 3 arDsts iotravel 10 Madrhy ftrihe ForlWithlBy Festiv they perfomied and ian wothshops. Work PlacerneTrts & Exwience. We Illve run a woyrnmrr atThe &"rrryryh Rep, $peufKalty foryourvj rorA& in spatsal sth(x hay& SUfWrt&l 3 pheemts and 2 Intemshys Wilh the ctyrpany. Ths 8xlensrie anIOrtao5s the year by a ski18d le ofw80811si Wactibr$ in Schts) 8nd beyond-schwl settings in Saari rOs. akKwside a leaffl (#frean artts and ass1 praCti1K)rr many ot whom enlrfy as d15ilily 10[$. AIorysiBethis a tearn and expÈnpntÈd opÈratxinal Stsff who dèlrrfertne Other 85pts Of the (nY atKI pth[ Wu. We have abk lo athy ¥ br rew rok of Adv¢caleto the learn Ihs year thich has W essential for the support 0r artist5. TFWS has enabled ConsisnI and expert suptKwtwilh aspects of Ihe Iwes of our young people. arbsts and free1ce etnployees. wch a5 berEfft paywtsupwrt namgalng systerns sdf-assesstnenl fottn5. deery of Edutalitin FÈalth Care PL3ns, A¢£ess io Wts, hsn9 and mental nealth. We recognise the Importan of ou. beymd IMndi area have cnnlnued tDwork thItemalK)nal partners 35 delaibd. ournatwal work has IncKJdwl Irain9 perfOrar ¢)PFKKiunities In East knglia and BarrLVW-in-Fumess. We havtr wntinuad to n8w wcessas systemsvlllhn tho (ryar¥satity) as well as ini&mal ¢ommunicaii tOLls. We deliver in-h(rfJse trwnirwJ 1¢ oJram. 1¢ make I bewke l) IheTrth that ¥Y8 do. in trallh safety, GOPR 8ThJ safewardiThJ. SafeUaldiry 15 key io 1 arBas DfourwrTk, aTvJ we have 2 DESITle SaFEowdirN OffitreTs for IhForgaTh5abOn, supwrted by 2 mernbets of ¢MJr 608rd 0fTrUs$. Everyx)r safe9uJNJ at It881 once a ye8ral we 81$0 rovide 8thilb)n81 besp)ke sessorts Tri".h a partK¥LAr apwoproto
THE OPEN THEATRE COMPANY LIMITED
MANAGEMENT COMMrrTEES REPORT ICONTIMUED)
INCLUDING THE REPORT OF THE DIRECTORS)
FOR THE YEAR EPIDED 31 MARCH 2025
We have wke¢ wilh 8n extern ¢wlant bdevelop the wJrie
THE OPEN THEATRE COMPANY LIMITED MANAGEMENT COMMrrTEES REPORT ICONTIMUED) INCLUDING THE REPORT OF THE DIRECTORS) FOR THE YEAR EPIDED 31 MARCH 2025 Looking ahead to Year3. we anlKipale a relJ77 to efOre¢as1Sd re5fj 18Ws. We are kTrpIvIb"ryJ a KevEe reserves strJcture. sewraling lurKts intoiwo catewrn". Design£led FLd5- to Supw>rtstralegcinvestmI In Iwtatniiies 31wed with oUr(rganafKI a[tiOnS TPis awroach ensuresthai Open Theatrè rema9 gJsiain. 8ThJ PtiYd to continue leadThJ 8rts practsce foryouno oerfle 1 leam•)g dsabdil> A¢¢ru8d Plans affe¢tkng 2024-25 final grant Payr¢ tor th@ spa to ExFth {u@d duivvJ Ihp 2022- 23 yoar of£12.gTJ was Credrted m the 202425 year. Plans lorfuture porfods In the folowiw year, Open Theatre wll Conti to d2velop and creative otvYtuneS for yourvJ pgople %vilh amin9 disilibe5, through ow partnerstrmps the aris. and n vater s(KEty. thilsl rethIng the iryact of ur work. PLgns iude a ne%v web&ie thai betw rqxesents our Yk and breadlh of young peoJe we work wth,. conliwing ID Invest In ItnmetsNe events and that are elY accessth to yowg peoje in sp8cial schDoIs 8nd families.. developwenl of ae#het of perfr]rn) wcwk wth Open Theatre Ensembk.. dev4opin9 our leadErs training t[aMMe in nEW schcK)barKI to a gsaler depul and to to supwKt Indi¥al artists to aeSS arbsliG QPPQrtuneS. develop Ihewuniwe Crealltyd Kces5 fu19. Stru¢tur¥. gov8man¢• 8NJ managem¥ Iwn Tratr? ts a mlknr-p'ofil Chlab ¢cmpany by 9Jarani88. It iyas Ir¥x¥w81ed m 12 Decmb81 1984 8 fomially regwered as a chwty on 12 1985. The ¢y1$abo7 cyera¢e5 ufvjw a MrarUm of Assooats"on, wfiich culines ts CharIth rt4"ecliYes ard [X>Y45. and 15 9)vetr)ed tyrtSArtS of &s50cHhon. In the evenlof the cowny wAJund up. 15 ta Qirrtrft a sum nDt ex11 £10. maTwement cornmittee. wlx) are dred0f0[th2 putPU5e a[ sd during Ihe year 8nd up Io Ihe date of s¥naiure lhe stslents %¥ere'. M Guillo8 {ResIed 27 Jawary 2DZ5) R Hawley (Chairl (Resiwed JaThJary 2D251 H Blad¢ww Rose J Vaughan L GreeDwLKJd C E Stutl)s R C8rter ILe A Gohir V Hadjineory J krn8n K J Reidy (Flwed 15 Novenr 20241 {ReSie0 23 Jawary 25} 17 Ombv2024} 14po•lted 17 Oc-2024} Iwted 17 (knJb¥20241
THE OPEN THEATRE COMPANY LIMITED
MANAGEMENT COMMrrTEES REPORT ICONTIMUED)
INCLUDING THE REPORT OF THE DIRECTORS)
FOR THE YEAR EPIDED 31 MARCH 2025
In accordaThx with chanty la¥V and wiynysArtbYes ol +iss(N)abw. (>4en Tlwtre'stnjstees a150 swve as member5
of the manernent ComThMltee Ireferred to as Board rTrembers1 As OUrd In our (JDCUtnpnts. one third of the
ge5t-servhng Board member5 are requywl to Tetre annualty. th tIE (¥¥Mty for rfrelection 8t the subsequent
AnrwJal Gen8ral MeelitvJ
Durin9 2024-25. w8 su¢¢8sÈfuly axpaed ¢J dNorthd wr 8od. rpfia(ty our Conrtml 10 indu¥iv8 9DvwrAn¢8
and broadening the range ol terspectsves guKfiry Ihe cfftJanwtw. Looknro thead, Flan to uThJerte a tvrther rou
of Board recltrent to reath ourlarget ol Iwelve members. Ihe Chai)ers0n.
In addthon. we arn to apwnl a rEw Chairperson in th2comirG w-an Imrthl slep in strerylheniry leadership aThl
ensuring th& lonte[ sustainablity arml Strateg direckn ofthe cany.
Rlsk managwnent
l)pen Theatre maintair6 a ¢mpra%Ve rtsk regtster. 1d (wartthty in line With thjrfundirs ageMeTht Arts
Council England. This prL8sserthr8s Ihat anerywvJ kS arè jd. Jthesd in a timdy and
straiegc m8nner.
To slrerylhen wr risk mtigatiw atvoach. lo Im¥Tlt rw sysths pl(le$. n¢ludiry
adopti ofthe Charity Exlnce FraThewotk as intemal arwl benthrnark9 to Th sup[5 our cijmmitmenl
to conbnwus itnprovernent gwemance.
IniÈmÈl tontrd risks arÈ minwni%pd thrwgh a off[xxj Y)tknrvJ wps and de¥authmsatK
prDcethJres l(r all transaci1t$ and pt4B¢I a¢9$. Th9 sfwJuatd Ihe intsgrity ofour offttions and
ensure accountilty xross the (xgani5atx.
Tr S8nic L8aa8rsny Team ISL T) Th0#$ iespwDlIty S)r seryKes ano ir athe¥8meni of key
perrmae kidicalor& In aldilhin to oversedry day.ltstsy Opera15. the SLT rKo¥ des indrvklual sUpervI5n to staff
énd ewres Ihai team met[$ ale sUp[Kd to devebp Iheir sk1& and ¥thng in I2 Kryth sector bBSI
praclKe.
statm•nt of mana9•mrtl ¢ommitt4' r¥ApMlbllts
In accordaTrTr wilh wtnpany law, Manager1 is reswtr4bfo[ tKepariryfinGl Statets for eath
finarKi¥l year that wesenl a true far vw ol the cha'dabk ¢¢)nynys fin8rrfyal posilKffj as atthe balance srtel dale,
as well as its Income. eXnlure, aid overa I res *utiMthrwghc>utlhe year.
Th8 C[rtte8 is aso lasked with maintsinry [alea[l timdy nti)re(S Ihal refied the financ1 status of
Ihe organisation and ensure cofflOrae the cIMwsAa 1. In 11 015 resFX)nstsknty ts safeguarding
Ihe charity'5 assets taking rnea5ures lo wevent deled al othWffinaJa iegLan1ies.
As partofour
THE OPEN THEATRE COMPANY LIMITED MANAGEMENT COMMrrTEES REPORT ICONTIMUED) INCLUDING THE REPORT OF THE DIRECTORS) FOR THE YEAR EPIDED 31 MARCH 2025 Tlys rep(Yl has bew wepwgd takirvJ aomlagg OfU Wl by Ihe CompanSAct 2006. Signed by order dtrE Board 15 2025. C E Stubbs Diractor
THE OPEN THEATRE COMPANY LIMITED STATEMENT OF MANAGEMENT COMMIThEE'S RESPONSIBILMES FOR THE YEAR ENDED 31 MARCH 2025 Cotnpany l&y require5 the [agEnI uxnrywtteeto prEparEknad slalefflBnts foreth thatvial year which gNe a Itue 8nd fair vwi ofthe ate 881rS of the Chwty olthe lic0rg restyJr¢eswd aK¥t of re¥W$. inckndiThJ Ihe Icorne and eKpwditure. of the tharily forthal year In preparing these finantial statements. the managem c(Knmittee e required io.. - 5elecl sultable arxountiry aDd theD apply IheT (YXbSiStenlW. - d)serve the MelhcJsand prin)¥es In (>arils SORP". - makeludrents estimatesthat are reasonth pr1 . state tther applicab uKActiry h&e been fokned. suw to any rnaterial departure5 di5cb5ed and explained in the statemerrts", a . wepare lh& fiDartk81 ststsTtts goYwJ b¥>s il 18 p[p$u9 Ih¥t the Chsrity Mll continue in operalith). 8¢¢ura¢y al any lim& fin8n¢rdl ptrsixyi Oft Charityarpj enable thn to suia thaithe financ 81 statemènts ¢oryty wth ihe Compan$ Aci 2006. They are a0 res[$¢* safeguarthrvj trtasset5 of ts Charity aThJ hence for takirg reasonaNe steps forllE rKeventicffl 8ThY detection offra (trr YTeguWitES.
THE OPEN THEATRE COMPANY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE OF THE OPEN THEATRE COMPANY UMITED I r8Wrt to tnanag8ment wttwnlitee1 myexatninakn irflhe fwwrKial Slat18 of Th8 Op8n Theatr8 Cotnpany Lirniled ItheCNqrityifv the year ded 31 W25. R$sponbIllIFy arKI basls of report As Iho mana9meni comittee ofthè Charity land 81s0 Is direct$fcrf lh& pJrtA)sesof ccftw8nylawl. you a re¥K>wbk fty the prepJatson oflh8 fin&)¢k4 slatemts in r>7¢8 wth rwJuifw8nts of CoMp)SA¢1 2006. Hawry salEfied m)seWthat the fin3noal StatetS of the Charity arp reqwed to be au(ted und2r Part 16 ofthp CompaniesAcl 2006 and are elyble lur ¥vJweTwJenl elanaL. I rwt re5iEd of rny exaTnitthun of th6 Charitys fi81 staityments wned cul under sethk)n 145 ofthe 2011. In ¢Irj out my examinath)n I have follo%v8d Ihe Dif8cIKjr gwen by ts thrity er Sec1K 145(5Kbl thI thritigs Act 2011. Independent examinees statement Since the Charity's grD5S irLome exce £250.(KX). lePeteXarrMrI mISt bp a meThber DI a b(xty li51ed in section 145 of ihe Charitses Act 2011.1 confvrD Ihal l aTncualffied tc urthtake Ihe exatn1nal bGaLe l aTn a cf ICAEW, which É of ihe ied toJEs. I have CoMpted rny exaThinalion. I confirrn that M matt¥s have cne to rnyattentiDn in rnnnectkM th the exÈmw)aiion giving tnecau$8 to bVe thai in any rnaterk41 accounbry recorts were notkepl in respttldthe (knnty aswuir&l tysedon 386afthe Compank5Ad 2CQ6. the firhancial 3alemenl3 do notxcryd Ihoje r¢cords." or the fin3nGial ststernents do nol COtAY th Ihe ofseGtion oflhe cpaniesACt 2006 otr¢r than wy requirement thai the sknieftwlsgve a trued f8Arvttv. Is nol 8 matter cwsKJgred as part ol 8n IndeFntlent ewirwtiw." Ihe financial stalements have been preped in3ccordar yitth Ihe Melhts and pripSOf the Statement of RecDmmende¢J PrKg for xcountwg arwj repthig by dwrti9s ap1¢able to chanties prepariry Ihgir fnanogl 5tsterrnnts n acoJrdanTr Ihe Fnanual Rwb"ThJ SlarKl¥¢ apphcth UK and RePU1C of Ireland IFRS 1021. I have no uncems anrt h8ve WmerO$S no other mws in TeaM)n the exInab0n to atteniion should be dram In rgrort n wder to enle a w¢)per derstaJ* oflhe rrt8nrial stslements lo b& rfjaC. S¥ah Motr1oyACA for8n(J on ty•ha0f Kwdall Wadloy LLP Merevde Hoe 27 SansLKNe Walk WOrter WR11NU Dated". 15 NDvembpr 2025
THE OPEN THEATRE COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EPIDED 31 MARCH 2025 Current financi year T¢al Tdal nds genera deslgnated 2025 202S frJnd5 2025 2025 Income frnm: DoTraliorbs and gac5 Ch¥liab *bwl18s Inveslrnenls 453.503 319.860 181 128,<MKJ 1.7S) 581.503 321.610 181 577.533 406.341 Total IncoTh• 773.544 129.750 903.294 983.874 enthture on= Raising funds ¢hwtab 13.2ty) 729.085 13.2(Y) 8T1.068 11.796 754.863 141.983 Total ¥xynthtur• 742285 141.983 884.268 766.659 Gross transfer5 fuTKIs 12 1S).(M)01 N8t1oxp8ndltuvvyln¢•mo forthe Not movemenl in lunds 118.7411 1122331 19.026 217.215 Fund balances at 1 April 2024 235.(65 54.592 289.657 72.442 Fund balancgs 0131 w8h 2025 216.324 42.359 308.683 289.657
THE OPEN THEATRE COMPANY LIMITED STATEMENT OF FINANCIAL ACTIVMES ICONTINVED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR EPIDED 31 MARCH 2025 Prior financial year Total frJnd5 frjnds 2024 2024 2024 2024 Income frnm: DoTraliorbs and gac5 chtab Xbwlles 463,358 391.(Q1 114.175 15.340 577.533 406.341 Total IncoThe 854.359 129.515 983.874 enthtur? on.. Raising funds 11.7 667.267 11.796 754.663 7.280 80.316 Total exp9&tur 679, 7.280 80.316 766.659 NBt Incomin1¢)19lngTr restyJr bvft8 tran$f¢rs 175 11.2801 49.193 217.215 Gross translers betwe fuTKIs 12 19.6731 7.280 2.393 Net lexpendltureylncome forthe ye¥1 Net movenwnt in fvnd5 165.623 51.592 217,215 Fund balare5 al 1 April 20TJ 69,442 3.0Tr) 72.442 FurKI balancfjs * 31 March 2024 235.[5 54.5 289.657 10-
THE OPEN THEATRE COMPANY LIMITED BALANCE SHEET ASA T31 AIARCH 2025 2025 Currbnt ass•ts Debto Cash 2t barth and i) ha 14 46.288 261.728 &57.481 308.016 Cr&dltOV5: amowtsfalllng th• within on• yEar 15 148.7981 11B.3591 Net assets 308.883 289.657 In¢omo fynds Restricted fu5 DesvJnai8d Iwds Unrestricted furKIs 19 42.359 54.592 216.324 235.[5 289.7 The c(MKpany entrued to the exeryK from IheaLlil rewirernErtCla1led wi secti 471 ofthe CorYyanE5 Act 20. for Ihe year endgj 31 Merch 2D25. Thè dirèctots acknitr their reskth$lMlrfi3s fte(Mnprvj 1lh requwetnents otthe cOmpanA¢t2(m)6 re$pÈ to accountiry records énd the prepara Tlan81 slatw). mmbws nava rot r•qulreo the ¢(¥Y to obtain an 8udil of its fnancial ¥w8mwts forTh ywin Ql90n In accordanWth seclK)n 476. ThÈse fina81 aternents hÈ W prepad auX)rd withihe KWOVtsiOnS trj tthiparmes subpct to the small Companies ra91ft. Ihe fin8ncl staterrnts e apwtyed bytrt MarwYrt c(nIUee cl) 15 Novem2025 C E siubbs TrLO Company Registration No. 018T131A)
THE OPEN THEATRE COMPANY LIMITED STATEMENT OF CASH FLOVVS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Cash llowsfrom opornung aCtlt10S 64.436 224.(1 Inv•$tlng actlvOt1•8 InveslmeTrl recwved Net Ga5h gqner*Bdfrornllu5ed Inve 8cUvltles t Incr0 In cash cash equlvalAnts 64.617 224.(1 Cash Gash equwdlents at twinThng of 261,728 37.667 Cash and cash equivaents at end of y 326.345 261.728 12-
THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 AOUnt9 pol195 Charity inlarmBtit The on TTrEalre Corryany rrled a wvale c(Nnpany Ihwitd by gk-ranl irKt3rtx)rated in Engld and W81gs 8nd a chty registerEO In &9d W5. The registered 01 DaMP(Ert5e. Unit4 Sarvjy Lane 8Us1T Pa. Coveniry, CV14DQ. Bas15 01 prnparatlon The finantial starfftnts hait in a¢¢rdarte wth the Charity's Merynr¥rfJum & Artic$ ofAssociairJn. e CwpanEs Act 21kn, FRS 102 Tr Finaroal RepyDro Stsntyd apFlscle trE UK aid Republic of Ireland" I-FR< 102.1 and the Charibes SORP-AcUntg Rewrtry by Charit5". Statementof ReLX)rnmend&J Practi appliraile to che5 wepaM9 Ihe FnarKial Rep(xbng StaTrd&d applirA)le in the UK and Republic of 1rdd IFRS 1021- leff8¢tiYe l janu 20191. The Cwty is a PJ)IK 8fil Enity as d8fined by FRS 102. The finanaal starpts are wq>3red sterfirvJ, ¥th(ch is IhB fal curTencyofthe Charity. Mmetaty amoun15 in Ihesefinanckil te[nlS &e rauted to the nearest £ The financi81 have urthe t(]>0Th. The wnci)8I8rntirg pOtte5 adoplad ar8 sel (wt be. 1.2 Golng ¢Ortem Al the Iirne of approwry Iheftnanrial statements. the manasrntc(Ynnrftee have a reaSCab1e expectation that the hanty has atequale resr to COn".e opuabona eXtsten forthe toreseeabè future thal there are no rnalen unrtaInlS a(1 itsabltiy tOCone Tms the nBnagemenl ujrnmrtlee continup to a(knptthe gtxryJ ncem bas ofaccotingin the fiar1 s13tnis. 1.3 Charitable lunth Unf¥¥iri IL¥ids aTe avatsL fc¥ use al lh8 ofuie Lx¥riwlLe8 In fLYUwraiKeol Uitrli oharitable 0eCio$. Deted fund5 COttPri5efutKJsthlNch have b setasKleat Ihp deti of the Manam2n1 coteE for SpefiC purposes. The wrw5es uses ofthe ate set oul in the rvJle5 10 Ih8 finarK4alstaternents. Restrted furwJ50fft subi&cito speCificLjyjtbYdorS a5 to may usgj. 1.4 In¢omg IrLcorne 15 recognised when the Chariiy L5 legally enbtlEd to ti after any perforrna CtIDn5 have been mel the tK)unts can be measured relabty. a[ it15 [K{thb thal in{X)n il berwENed. C8shdwaJc)s ¥8 r6(J1j ¢)n r8¢ept. Othor¢knp¥ we rÈ(yywthJ IrIty has bn nobfi8d oflhe do10n. unleSSkwlrrnarKe condth"LY6 requY¥ifwr the anxwL 1.S Expondltur¢ E4)endilure Is reccwjnised ce there isa ¥8nsterethioth¢ benefit Ir)a third party, Il Is Frt8ble ilEI 8 transfer ol e0)r be$ wil be reqwrE(I m seltyerwl. ar tre amountof he oblwabon can Tneasured rdrably. ExpÈndi¢u is da$srfEd by attiwty. Tr costs Of &bvity ¥È m*le up0f1 tolal of directtosts shared Induding 8Lpporf o)sLs inYol¥Bd in utvJ8rtakry eath thty. o)5ts BI1[9 lo a st¥Jl8 a1vIty ale allwaled diredy lo that aclmty. Sharee costs ttmlribjte la more than one 1¥ty and 5UFVIrt costs are nol attributab to a ryle are ap[Xthd be&¥een ttKse lMtieS a ba5 ¢nSistl Kith the useof iesource&. Central slaff costs ate JrAted on th8 baw5 oflime s1. chatg&5 ate alkKBt on th8 portlDn ofthe asset's use. 13-
THE OPEN THEATRE COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS IcopillNUED)
FOR THE YEAR ENDED 31 MARCH 2025
ACcoUntw pol•e$
(Continued)
Flesre4 expended are InUded in the Statement OF FvwKiol on on ocuvols b$. induwve of VAT whh
cannd bfy recovered Lthlilh3s are rwnised as tsy (wr. Expendrture within the ¢ategw lo whKh il
dlates.
1.6 Tangible fixed a55ets
Tangib red assots intsly rrwsupd * txsst arKI sub5equentyffloawrd ai Eost orvaluabon, netol depre¢iatiDn
3nd any itryairrnrt losses.
Tarw)ib fixed 85s81s ar8 8iatsd ai cast K8ss dwe¢1. It1$ art t•tslts8d 4vhtr¥ tho purehase price xesed$
£100 DetKeaation is prowded al rate5calcaled to WTrte off Ihe cost kn esbrnat£d residua val of eath a55et over
its expeGl8J Lseful lrfe as ftll(Ms.
C
THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 ¢rttl¢al aOnn9 •stims and lyd9prnonts In the 8pplicabon oflhe Chertys 8cwunbry the rnawNwtunrntttec ere wuKed lo mekcjthgemcnls. e$laleS and aosurnpbs atoul Ihecarry1 arrwnl of asseis and hatilils thai3re rewjly appareni from olh SoUrs. The estrnates and asated a55umpkns are based on htOral eXwIe arKI other lactorsthal are consKJered its be rdevant. Aciual rÈs5 may (fferfr(Th esbmaiè Thp Fthd iJrlptyryJ 1¥e. rpvh¥erf rjn an In aruAJnhrrfJ p¢limqrps arp. recognised in the p8rk in ¥Jh¢h Ihe esDmaie is tsre revi8kJl aff1$ tyily Ihal pwitrj. or in the pariod of Ihe rwisx)n Tuture perS whpre Ihe revi&on affects tx>th currrt future peri(xl5. come fwom Irbyesbnenls Vnwvstri¢tpd funds 2025 nds 2V24 Interest rNaIle Donations and Total Unreslricted Restricted fiJnds funds T(al rH ge genei 2024 2025 2025 2025 2tr24 24 Donalk)r*aThl 9ils Grants awarded. ACE olhers 243 243 1.641 1.6¢1 453260 128.fxKI 581.2 461.717 114,175 575.892 453.503 128,( 5BI.503 463.358 114,175 577.533 15-
THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 Donatitinsond (Continued) Total Unrestricted 2fy25 2tr24 Restricled 2tr24 Trtsl 2024 3025 2025 The L(Yd MW5 Charity The Patiick Trust ACE- Naliw81 Ptrf(AKI OrganisabiJns Johrw LC Tlusi Gerrd Weston Fndati Barbafd Ward Fwndalion 2,WO 2.MO 452.780 452.7 452.760 500 453.760 10,(X)O 10.(110 6,rA)D S JLltrs Ch8rit Trust Edward CadburyTrust PostCDde FLrdir Paul H8Trlyn F(rtJndation John Feeney Trust Grimil Tru51 Birtningham City nl- IS)D 3,COO 16,975 65,WO 5.tX)D ,200 18.975 65.(N)O EHCP The GOlg FourthbL Leatraay Founrtal The Eveson Trust The Qteven Bk)ch Imege ol DIs8tAlity Chariide TrLtsI 5.957 5.957 2.OOD 453,260 128.LKK> 551.26D 461.717 114,175 575.892 16-
THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 In lurthwan¢e of tho obiocts 2025 Perftvrnan¢È fees Trwotksbop (x? 321.610 406.341 Analysis by fund UnreStrd fimd5- genera Restrthd 319.880 1.750 321.610 Forihe year ended 31 Mah 2024 UnwIrld Iwds- generJ Restncied fwds 391.1 15.340 406.341 Rai51rn9 fund5 Unrp51ricted Unrestricted fUS 2024 2025 Fundr31sin and ubl Olherfundraising cu515 13,2LK) 11.PJS 13.2(N) 11.796 17-
THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 Chaitableactibities 202S Stalt¢osts Execubve dir8clor Asswaks. artists and traiws Travd and gJbsdsknce Bad debts 499,716 60,197 207.249 39,642 343 465.825 52.284 152. 38.238 807.147 717.727 Share of 5UPPQrt o¥Jsts Isee rwJte81 Share of W¥ernar costs Isee note 81 27.ZJ2 21,810 871,(h8 754.Fh3 Anatysls by fund unreStrd knd5- general untrd kntts- dPSEt1ed Re8trthd fthds ng,085 667.267 7,280 80.316 141.9B3 871.[8 754.863 Suppurt Gost5 allted lo xtiviti?5 2025 2024 ompuler costs Administrabve expenses Insuran GovemarKe 3.066 34.361 4.684 21.810 2.147 21.200 3.885 63,921 37.136 Anatysad bètt.. charitab activthes 63.921 37.138 18-
THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs alhxated lo activbtie5 (Continued) 2025 2024 G(wern8n¢¥ ro•ts ¢QIIIPWi80: Legaland Fofeson A(Lountancy Sundry 192 6.4TT 127 21.810 A¢countaw costs Iu¢Js f88s¢f £IWW I4.. £1.yyJ) wj Inaepw)aeni kn8nner faes ef£ 30012024. £1.1LIOlfN granl aid taxalKm ServiS prOed. Man•JwTrnt Commltte8 Dunng ihe ye¥, no drector312024. rK)TrwÈre refinded expenses. 10 EnWpyee$ Numbor of •rnpty40S The &erage Thonihty rvJmb8r ofeffpkyffies durirwj thB year ¥dS: 2025 Number Executiv8 Oirecior A&sociate Direclor Assouate IBu$1[ & P¢AviÈsl OperalK1 Suppcrt I Pr¥cMKwTeaft 16 16 20 2025 Wages and sal¥ws Socwl secunty a75ts OtherpensKJn costs 506.786 4D.273 12.855 465.825 35.377 559.914 513.138 11 Taxation The charity is exew frumlaxon in(x)me atKI gainsfaliry %Yithin sec1 5D5 of theTaxes Act 19B8 orsectx)n 252 Ihe TaxatK)n of chryab Gan5 Acl 1992tothEexterrt that1tr e appl to its thtabloblects. 19-
THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tra10[5 Dunn9 the ye¥ undcr re%ryew £SO.LKm)wtrn8fWTed lofcrfm 8 de3i9ned web8itefiJnd. In the prec¢diry yeer trangler 1rf£7.280 made from unrtsrtlwj furK15 to resiriued ctyer re51rd o¥e[sp9ling wnp1819d projects. 13 Tanglble Nxed assets CornTruMraqu1pmt Cost 1 2024 519 At 31 March 2025 51 Deprecialion At I Wl 2024 519 At 31 March 2025 519 Carr>ing At 31 March 2025 and 31 K18rch 2024 14 Dobtors 2025 2024 Amounts falling due wrthin ye¥. Trade debtys 0erdebtarS PreyMents and acc ir 16,647 14.4(M) 46.288 31.136 46.288 15 CreditOf5'. amounts lallingthnwithin one 2025 2024 Other bxalh)n and sttial writy Trade ¢rglitors 0th8ru8diiC*S Accruals and defer 1D.611 30.352 2.649 5.186 s.3 2.491 3.587 48.798 18.349
THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Rotlr•m¢nt bon•fit 2025 Z024 Charoe lo profit or Ioss in 18sO[e[ (xXthbul 5L4 12,855 11.936 Clyarily ¢jpwaI a t1r)n SCI8 r(K all a180[ are held SePatelY fr(Mn Ihose ofthe Cknrty in an mirStered tund. 17 UDr•strf¢ted fuTrds- Do¥6gnats These are ureStr1ed funds have been dwnated tythe Tntsteeskntmtain wwes.. At l 2Q24 Rewx¢•s Transfws At 31 March 202S Webste Fu 50,0 50,(00 P¥bauS year". T515 At 31 MarGh 2024 Teaching Drfferènly 17.2801 7280 We have desnaled £50.0 to tre deggn u>ation ne 0[ Theatre website. better represents the brea(Ih ork knatwe do athy wr CMmentIO tr Ctt%Y ofywty peOe ¥ith amYig Uwbilibes. 18 Capital ¢ommhmo 2025 2024 AMnts ¢traded for WOVwJtiJ n tr fin*Ka¥ sia ef hratYJibbe assets 35,0(M) 21
THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 19 R¢strl¢t0411unds The r¢eln¢ted fundsoflhe therity cnprisethC ur¢xpcrhYed b8ncetr¢c$8nd grontshdd on trusl subject to SP8ufic co1119 by¢M(YJ as to hthty Ihey rnay be wd. At1 Apyil 2024 ¢tyMing Transf8rs At 31 March 202$ (hrt &Ab(xrt Te8¢hin9 Diifewly Leanlay Intem5hip ¢&arnMac Tuesday GrDup The Eveson Wu 7.75] 17.7501 I11.233) 12.0(M)I {4.LWI 12.OWI 120.0001 52.5¥2 40.359 54.5V2 129.79) 1141.9831 42.359 Pr•vv)us y•ai'. At1 April 2023 Tran$fars At 31 Mah 2024 Friday GTO Onè ofa Kwid Oparnmac Core A¢tMlies Coventry sc1K5 Out Ab(rtJl Te8chill9 Differty Tuesday Groups AlTrtsve Voice5 10.r 1.200 I10.0} 11.5051 I6.0} 110.(KK)I {3.0551 10.QOO 19.315 127.4081 52.592 13.0231 2.OTJ 129.515 180.3161 2.393 54.592
THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 Re$trictedlunth (Continued) Friday GroLV. fvn¢4n9 recLYved to suppyttxYryLy 9roup For Ccdlegc $ents youry 8dutts. Induding fu1n9 recefved to suwd gjmmw 2023 1¢Y¢e$. On8 of a Kwid. fun(rw retved ftttyjfwtekty wp mtir¥J ai th8 &miinyhn FlppcQromt. Orp.nNlsr.- Ihks rrylarwppkty EyrAlP Oh A 8- 14 yp.ar8whn mppl al 18ndS Arts Cenlre. The Sess are rLn by ourdranw [ter$. and the fU1j g08S ttyyards lh& o)8t of the staff arKI tnateri3Js needed forlhe gri)up. Cor8 A¢tThilies. lthJirwJ tOSL¥VNt oflho thairty. Coventry Schoo15 Pro1. Fundiw rewed for ts InterACT prryarnnE. brir&YrvJ Ir4etsryouig reopk wilh the most complex nEeds in 3 specKHI Sc5 Coventry to conTrxt drama. ung the Cen Theatre ?ractice alond8 INe t1 Abwi. Funow ieceN811 frrm post L( f¢r th8 d8lvwyrfgJfftwwt¥slw IN YPfftDacioss comwnity venLS and parks. Tching Drfferenly. A >y¥dr p&te. tutvJ8d Ihwjh Paul Hatyn FOU[tion to exF4ore and L¥ebp hcy we tran support b8chrs 17 wr TrMth 1 s¢W in ye¥ 1. 8ThJ a futhr 2 s¢ho)Is ar$ 2 3. LcarrPlay Limited- fuTrry intcnthpw I6.YearS For4rwJnths for S4> who nswJ8rs lo have a leamry disablity.8ubD 8ThW(ratp ne[gert. teM spent liTna w(wking wilh several members of the tearn across tkith S¢X)b. arKI woie(xs. Tuesday Gruup.A wknlprv4rawYTre UruY lvJ thnbfya5aubsbG to eNIFd what thr6 M85 forlheTn nd hTrw Ihpy mkjhl wrrt Iop.Ihpr thrrmjgh cJp.atNP. 7AYxth)r Airnative vores. Sw)wrbro AtfveVoKes Ttrwtre C<ryany %¥ith the maweTrwioflheirgrani furing. Eve$on Trust- Ihts is 8 ¢¢Y)iribubon i(yh¥ds thè tunnmy Costs the Tr$an. Wè use Ihts I0ppOrt the salanes oftr 8SS8ntia re5 01 c(4nY Coordirotiy Fw¢e Offw. Anatysis of nttassets betwn furK15 Unrestsi¢ted Uwestrthd Restricted fvnds fvnds ds Total 9trwral 08skJnat• 2025 2025 2025 2025 At 31 Mareh 2025.. CJrr8ni a5setSlll*t4l851 218.324 42.359 308.683 42,359 308.683 -23-
THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 Anatysits of net assets betefi funds (Continued) Total fund8 4w)eral d8sWJn*¢d 2024 2024 2024 At J1 20X. Current 8ssetsll101thesI £35.rh5 54.592 289.657 3S.( 54.5¥2 289.&57 21 Relètsd yrty tAll8a¢tw)ns Remunerawon ofkey managenwi pBrsonnel The key manawent penn Ed8a[d to bethe dyth. emp1 (X)5ts total £60.197 (2024.. t52.2841. 22 Cash gelleIed fro opevatlLW 2025 SuryAus filhe year 19.026 217.215 Adw51ments for. InvestrnentirKotne recogtmsed in slatement Offi4 h¥eS move15 in w0ing raimkl". Decre8se in debtty5 IrKrpaselldecrÈ&e) In tredlo 15.152 30.439 14.177 Cash gollprat from opqr3tion5 64.436 224.(1 -24-
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