Charity Rfrgls¢rat*￿ No. 291344 Cryany Reyi51ratlun No. 01B71300 {En￿￿Thd 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 B￿*￿￿￿1 ¢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 Da*Tr￿r Powerlh)Jse Unit 4 Santy L*e Bu9r*ss Pa Coventry CV1 4DQ eglstered office DalM￿r Power￿se Unit 4 BUS￿$$ Park Coventry CV14DQ Independent examlner KerKJ311 wa0￿Y 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 Inde￿dent exa￿￿ne¢S ret Stai8menioffvarMi81 aciMi*S 9-10 Balance 5h8et St8tsmeniof ¢Ashff 12 Notes to the aCCo￿ts 13-24 THE OPEN THEATRE COMPANY LIMITED MANAGEMENT COMMrrTEES REPORT INCLUDING THE REPORT OF THE DIRECTORS) FOR THE YEAR EPIDED 31 MARCH 2025 ma￿￿gem￿l 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 C￿rit￿$ MeThKYanduTr atvj AxbclBS ufAsstKiabon. ihe Cornpanies kn12006 aryj "Accounlkyg and Reporting by Ch￿ieS.. sraternenl al ReC0mr￿nded Pr￿1￿ apple*￿ lo chartses prepanng ccounts In ￿cord￿Ce wrfh the Fi￿ar￿1¥ Rfwtrvj StaKlard aprlrable In Ihe UK Repth1￿ ￿ Iidand IFRS 1021 lettectwe 1 ja￿ary ￿ly?. ObjedNes and activths Frx Dver thrèe detsdes. O￿n Thèatre has ljeen a dti¥irwJ th¥xrvJ Ihp West M￿￿*Thd$ as a (* best praclKe in indwve arts f(r thldren pe(ylewith d￿ab￿1t￿5 IYPWLDI Is t¥¢LwJnwd as Df s few 8rts Organ￿￿10n$ wlh its VAn unKiue rrnrAKe. r Missi￿ 15 rix)t&l in the bel￿fthat C[eats￿ty ts a ￿eX[￿esS￿￿. 1xxw￿ctim. and li￿SfOr￿M￿oD. We Cha￿p￿ the art￿￿￿XCe of y￿D. enatAiry Ihem t0￿X￿. andenrith aj￿1[al life I(￿alty. natK>nally. and i&matsonaiy. I the he*ofwr wcrt ￿ a dtstntttve non-verb¥J phystsl the￿￿ that places the crealiwty egencyof youn9 people Trntre stage Throu9h this appro¥h. w￿ cele￿alP drfference. nthure wsonal deveknwienL and ¢thallen9e ￿Er￿ptiOnS ofdisaL¥lty. As one ofoniy a few Pr￿IKe, we wntiThJe lo le cherye across educabon. the Wts8￿ knder8(￿ty ￿Ortr￿sh￿) kn Lwiby irK4uswe sysiemsthèi rece9Nse and support the cr8alive ￿￿entI￿ of ￿th Osat4d*s. Achl•vAffl•nts and porformanc• All our ¢harii&* xtmties ¥e for benefil. ywr¥ peO￿e leamFI9 disabaiDes. The Trus￿ h8ve considerwj the Charityconnssicn's wbli¢ b￿errt sh8pAig ihg strateg￿ fr*x6 ofactmbos and appropriate use ol funds. as well 3s the key required to ddwerlhis work. Jr m*n &tivil*S during 202¥2025.. S¢hoots Programmt-weI￿Il1￿Èd to offer* e￿e￿*ve w*JraM￿ 4f*Y)tk in wial and mainstrÈ8m across Coventr5'. BIrnry￿￿. Rugby. fAKl￿y. Wasal and TaThxHth duriro 24125 W￿klY with over 1340 youry people auoss 22 drfTerent 5ctrK Weekly ￿YOnd￿Chool Groups. in patht4Np &"trntnghaTn H￿￿[L￿ne. BIr￿lIngharll Rep. MidlsNJs Arts Cenire ar￿ Enirttsl ca￿ ￿Thshp. we provth %veekty gwps young ￿￿early youvj *u118 ¥Vllh ie8ming dis8bilil￿$ lo take part In rKTrverW Phys￿81 Itreatre sessvn$ 8nd devdop pwformaices and Sh￿ng 0pwrtUn￿es wP*re apFxowiate. These gr￿p5 aYeraJe 15 orliupantseach Teaching DiNprpndy- furbJe(J by thePaul FOU￿atiDn. a 3 ￿ tryrattyne ta train teachers n our piaciice and ￿ research hiw4 can bifvwce tea¢Nw in specral si*wb. The second year of the w￿ramMe 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 wee￿Y Ow ThÈatre se$S￿$0￿en￿¥J m&)knrvJ op[¥)rt￿lI1es stalt ai LbÈtyinclusive youth mmunily org¥ni$8lw)n. Next steps. Wthing in partn￿1p The Wr*Theatre. Co*rtry. tris ts OLY seo)nd yegr ofw0r￿rVj with yourwJ people from 2 kncal secondary speual sch￿* to gana brD* of roks in thearts and devdiy perforrnarK% skilba￿ Confide￿￿. leamng ￿￿Kx4. Unbounthd. ¥*orknry in pknetstrip￿ Enlru5tCaE Partr￿*￿P io Gontinue I0<￿￿er a ouigfschDd group lor YPWLD hi the Sdihull area. • Live Music Research & DeveloprneTrt- a seriesofsessions *ith lE*free￿￿ nwsuans. worknng alongside our piacli1￿￿e[S to explore the Ynpact and F￿b￿rtieS tKOVKled by live MUS￿ as an a￿ative to ￿[X)rd￿d tnusic in sassions and performances. W8 havethed •Jults c(¥nF4ex r*eds at Focus Day C6ntr8, H*b)m8 to extyore ihB ne¥T ap[￿a¢h. THE OPEN THEATRE COMPANY LIMITED MANAGEMENT COMMrrTEES REPORT ICONTIMUED) INCLUDING THE REPORT OF THE DIRECTORS) FOR THE YEAR EPIDED 31 MARCH 2025 hltsperh)g ￿110*¥ IMme￿¥t PerfomiarKe- a se*ies ofsumwwwtshcps exp￿ing tts Ihemes and ÈraGtÉrs of Wnd ￿ thè Wlllows wlh YPWLD h￿ped us i)ur Imrr*tsivÈ show. Vlothng with 8 ￿e￿grber. created an atnaarvj imttErsNe set fN young peove to be patofth2 St￿. Perfomed by 3 Df our 8¢1(xs and a liyp rnwtian ai The Ctesceni Theatre fcra wetrk to sdK¥J and KxJbh"caJdienttes. WÈ then knured 10 Bsrrow-in-Fumess and to sch¢oL4 in ihe Wesi IAdL¥MYs. Falllrng- a trand-nth¥ lull knglh showwas created by ￿rF￿laY members.W 18- 35 years. vA)rked 109èlher 8$ an enS6Mb￿ 10 cr￿e F8lin9. VAS over 2 nKJ)Is Mi Th8 Docff &'miirWam Rap ID nearly SDld-ouI aud￿nces. Opèning Up Tralnlng. we up tsJr apt*oat* 10 aesii*i*s and ueaiNvJ er￿￿￿tr woth to ffts81ar￿ artists in the area. to expl(Ke (W Theatre sntwFvert)* prth. Culturp Volunteers West mId￿nds-￿e fina of tIMs rffjgrarnlr￿. Ythvig *ith Cumure C*ntrHJ. &awthp contsnuaiw ¢f￿r 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 COL￿ty. I'm Me 1$ 8 2-yaar Arts and Hurnan lies Research Courril woie(x*Y>rkYw wth ￿Mr￿j disaNed aUbSt￿ artists to expknre qu￿1￿$ of ￿e￿Ilty. represPntabon and vol￿. Inclusive Irnmew5ivp- folLwng on froTn Ihe 5G proie(X. this ￿lat￿￿ation I￿¥een Open Theatre, Ash* Brown, ￿￿1￿9¢xl GamKw and Coventy Universty saw ddNwyof a wes ofueatiye leCt)n￿￿Y sessK>r6 in 3 CU¥t￿?lrY 111(Judviy i1￿￿1￿￿u[￿ Iv uli1v￿￿tY. 41[￿ d yiuup ufwr diiLYs iiivEs1iydtiiiy real and virtual vnrld and effects on Itwwh mol￿￿pIUre suits. lnlevnat1on￿ Y•Jrk. We V￿re lo lake ourThrector atKI a Raffl ￿ PT&1thne￿ lo thb Nelhetsnds to work ¥vith jeu9ltheatersctrM￿ ￿k￿l)St in knsterdam. ThLS is a partnershr> aeveloped ¢ver several year$ 8ndw&s an opwrtunity lo train n&Y methers of u￿1[ youth u￿tre learn in I￿.¥erba prac1￿e. Artists Support- We wnthnue to supp(￿1 artists'mth dithlthfs thrO￿h othstic reside￿&3, dei'eloprnent of perfom**e Ideas and a¢¢es¥ suppxt for atbst dBvebptrenl Kwramths awsKle appli¢abons fOrfU￿lng. 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, $peufKalty foryourvj r*orA& in spatsal sth(x* hay& SUfWrt&l 3 pheem￿ts and 2 Intemshys Wilh￿ the ctyrpany. Ths 8xlensrie a￿￿nIOr￿￿ta￿o5s the year by a ski18d le￿ ofw80811si Wactib￿r$ in Schts)￿ 8nd beyond-schwl settings in Saari￿ rO￿s. akKwside a leaffl (#fre￿an￿ art￿ts and ass￿￿1 praCti1K)r￿r￿ many ot whom enlrfy as d15*ilily ￿10[￿￿$￿. AIorysiBethis ￿ a tearn and expÈnpntÈd opÈratxinal Stsff who dèlrrfertne Other 85p￿ts Of the (￿nY atKI pth[￿￿ Wu￿. We have abk lo athy ¥ br￿ rew rok of Adv¢caleto the learn Ihs year *thich has W essential for the support ￿0￿r artist5. TFWS has enabled Consis￿nI and expert suptKwtwilh aspects of Ihe Iwes of our young people. arbsts and free1￿ce etnployees. wch a5 berEfft paywtsupwrt namgalng systerns ￿ sdf-assesstnenl fottn5. de￿￿ery of Edutalitin FÈalth Care PL3ns, A¢£ess io Wts*, h￿sn9 and mental nealth. We recognise the Importan￿ of ou. beymd IMn￿di* area ￿ have cnnlnued tDwork ￿thI￿temalK)nal partners 35 delaibd. ￿ ournatwal work has IncKJdwl Irain￿9 perfOr￿ar￿ ¢)PFKKiunities In East knglia and BarrLVW-in-Fumess. We havtr wntinuad to n8w wcessas systemsvlllhn tho (ryar¥satity) as well as ini&mal ¢ommunicaii tOLls. We deliver in-h(rfJse trwnirwJ 1¢ oJr*am. 1¢ make I bewke l) IheTrth that ¥Y8 do. in tr*allh safety, GOPR 8ThJ safewardiThJ. Safe￿Ualdiry 15 key io ￿1 arBas DfourwrTk, aTvJ we have 2 DESIT￿le￿ SaFEowdirN OffitreTs for IhForgaTh5abOn, supwrted by 2 mernbets of ¢MJr 608rd 0fTrUs￿$. Everyx)r* safe9u*JNJ at It881 once a ye8ra￿l we 81$0 r*ovide 8thilb)n81 besp)ke sessorts Tri".h a partK¥LAr apwoproto THE OPEN THEATRE COMPANY LIMITED MANAGEMENT COMMrrTEES REPORT ICONTIMUED) INCLUDING THE REPORT OF THE DIRECTORS) FOR THE YEAR EPIDED 31 MARCH 2025 We have wke¢ wilh 8n extern* ¢w￿lant bdevelop the wJrie Or￿lS31K￿ INPOI. As È result. preW0￿Y app￿)Ved al(KatK)n of £irKJ.oxJ frum ￿r￿e5f(￿ w(YJtstrwne devekiptwil was not requred. Instead. wBro abl@ to r￿nveSt[SI.o￿ bad( into strBngthwitVJ OLrfinanBkal Tr5ili8nc8. MAor expervjitures th￿Yea ir￿Ud￿." £50.OW on Ihede%EkynBnt crfa Y4thit9 ladwsted 10 iIM$ foamal fftrl £33.000 on Ihe 13unch da Immwst* Prc4•* liril31 pro1￿￿￿.. £40.0(KJI Totsl Inwme for trt year stooj ¥l£WJ.294. 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 kTrpI￿vIb"ryJ a KevEe reserves strJcture. sewraling lurKts intoiwo catewrn". Design£led FL￿d5- to Supw>rtstralegcinvestm￿I In Iwtatniiies 31wed with oUr(rgan￿afK￿I a[￿￿tiOnS TPis awroach ensuresthai Open Theatrè rema￿9 gJsiain**. 8ThJ ￿￿Pt￿iY￿d 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 otvYtun￿eS for yourvJ pgople %vilh amin9 dis*ilibe5, through ow partnerstrmps ￿ the aris. and n vater s(KEty. thilsl re￿thIng the iryact of ur work. PLgns i￿ude a ne%v web&ie thai betw rqxesents our Y￿￿k 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 a￿eSS arbsliG QPPQrtun￿eS. develop Ihewuniwe Creall￿ty￿d Kces5 fu￿1￿9. Stru¢tur¥. gov8man¢• 8NJ managem¥ Iwn Tratr? ts a mlknr-p'ofil Ch￿lab￿ ¢cmpany by 9Jarani88. It iyas Ir¥x¥w81ed m 12 Dec*mb81 1984 8 fomially regwered as a chwty on 12 1985. The ¢y￿1$abo7 cyera¢e5 ufvjw a M￿rar￿Um of Assooats"on, wfiich culines ts CharIth￿ rt4"ecliYes ard [X>Y4￿5. and 15 9)vetr)ed tyrtSArt￿S of &s50cHhon. In the evenlof the cowny wAJund up. 15 ta Qirrtrft￿ a sum nDt ex￿￿11￿ £10. maTwement cornmittee. wlx) are dred0￿f0[th2 putPU5e a[￿ s￿d during Ihe year 8nd up Io Ihe date of s¥naiure ￿lhe stslen￿ts %¥ere'. M Guillo￿8 {ResI￿ed 27 Jawary 2DZ5) R Hawley (Chairl (Resiwed JaThJary 2D251 H Blad¢ww Rose J Vaughan L GreeDwLKJd C E Stutl)s R C8rter ILe A Gohir V Hadjine*ory J ￿krn8n K J Reidy (Flwed 15 Noven**r 20241 {ReSi￿e0 23 Jawary ￿25} 17 Ombv2024} 14po•lted 17 Oc-￿2024} Iwted 17 (knJb¥20241 THE OPEN THEATRE COMPANY LIMITED MANAGEMENT COMMrrTEES REPORT ICONTIMUED) INCLUDING THE REPORT OF THE DIRECTORS) FOR THE YEAR EPIDED 31 MARCH 2025 In accordaThx with chanty la¥V and wiynysArtbYes ol +iss(N)abw. (>4en Tlwtre'stnjstees a150 swve as member5 of the man￿ernent ComThMltee Ireferred to as Board rTrembers1 As OU￿r￿d In our (JDCUtnpnts. one third of the ge5t-servhng Board member5 are requywl to Tetre annualty. ￿th tIE (¥¥M￿￿ty for rfrelection 8t the subsequent AnrwJal Gen8ral MeelitvJ Durin9 2024-25. w8 su¢¢8sÈfuly axpa￿ed *¢J dNorthd wr 8o*d. rpfia(*ty our Con￿rtm￿l 10 indu¥iv8 9DvwrAn¢8 and broadening the range ol terspectsves guKfiry Ihe cfftJanwtw. Looknro thead, ￿ Flan to uThJert*e a tvrther rou of Board rec￿ltr￿ent to reath ourlarget ol Iwelve members. Ihe Chai)ers0n. In addthon. we arn to apwnl a rEw Chairperson in th2comirG w-an Imrth￿l slep in strerylheniry leadership aThl ensuring th& lon￿te[￿ sustainablity arml Strateg￿ direckn ofthe c￿any. Rlsk managwnent l)pen Theatre maintair6 a ¢m￿pra￿￿%Ve rtsk regtster. ￿￿1￿*￿d (wartthty in line With thjrfundirs ag￿eMeTht Arts Council England. This prL*8sserthr8s Ihat anerywvJ ￿￿kS arè ￿j￿*d. *Jthes*d in a timdy and straiegc m8nner. To slrerylhen wr risk mtigatiw atvoach. lo Im￿¥T￿lt rw sysths ￿ pl(￿l￿e$. n¢ludiry adopti￿ ofthe Charity Ex￿l￿nce FraThewotk as￿ intemal arwl benthrnark￿9 to￿ Th￿ sup[￿5 our cijmmitmenl to conbnwus itnprovernent gwemance. IniÈmÈl tontrd risks arÈ minwni%pd thrwgh a off[xx￿j *Y)tknrvJ wps and de¥authmsatK prDcethJres l(r all transaci1t￿$ and pt4B¢I a¢￿￿9$. Th9* s*fwJuatd Ihe intsgrity ofour offttions and ensure account*ilty xross the (xgani5atx￿. Tr* S8nic* L8aa8rsny Team ISL T) Th0￿#$ iespwDlIty S)r seryKes ano ir* athe¥8meni of key perr￿ma￿e kidicalor& In aldilhin to oversedry day.ltstsy Opera1￿5. the SLT rKo¥ des indrvklual sUpervI5￿n to staff énd ewres Ihai team met￿￿[$ ale sUp[K￿d to devebp Iheir sk1& and ¥thng in I￿2 Kryth sector bBSI praclKe. stat*m•nt of mana9•m*rtl ¢ommitt4*'* r¥ApM*lbllts* In accordaTrTr wilh wtnpany law, Manager￿1 is reswtr4b￿fo[ tKepariryfin￿G￿l State￿￿￿ts 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. eX￿n￿lure, aid overa I res￿￿ *utiMthrwghc>utlhe year. Th8 C￿￿[￿rtte8 is aso lasked with maintsinry ￿[alea[￿l timdy ￿￿nti￿)re(￿S Ihal refied the financ￿1 status of Ihe organisation and ensure cofflOra￿e the cIMw￿sAa 1￿. In 11 ￿01￿5 resFX)nstsknty ts safeguarding Ihe charity'5 assets taking rnea5ures lo wevent deled al￿ othWffina￿Ja i￿egL￿an1ies. As partofourard ￿Ve1. 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 Compan￿SAct 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 [￿agE￿nI uxnrywtteeto prEparEknad slalefflBnts foreth thatvial year which gNe a Itue 8nd fair vwi ofthe *ate ￿8￿81rS of the Chwty olthe lic0￿rg restyJr¢eswd a￿K¥t￿ of re¥W￿$. inckndiThJ Ihe Icorne and eKpwditure. of the tharily forthal year In preparing these finantial statements. the managem* c(Knmittee *e required io.. - 5elecl sultable arxountiry aDd theD apply IheT (YXbSiStenlW. - d)serve the Melhc*Jsand prin)¥es In (>aril*s SORP". - makelud￿r￿ents estimatesthat are reasonth pr￿1 . state *t*ther applicab￿ uKAc￿￿￿tiry h&e been fokned. suw to any rnaterial departure5 di5cb5ed and explained in the statemerrts", a . wepare lh& fiDartk81 ststsTt￿ts goYwJ b¥>s il 18 p[p$u￿9 Ih¥t the Chsrity Mll continue in operalith). 8¢¢ura¢y al any lim& fin8n¢rdl ptrsixyi Oft￿ Charityarpj enable th*n to *suia thaithe financ 81 statemènts ¢oryty wth ihe Compan￿$ Aci 2006. They are a￿0 res[*￿$¢* safeguarthrvj trtasset5 of ts Charity aThJ hence for takirg reasonaNe steps forllE rKeventicffl 8ThY detection offra￿ (trr YTeguWitES. THE OPEN THEATRE COMPANY LIMITED INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT COMMITTEE OF THE OPEN THEATRE COMPANY UMITED I r8Wrt to tnanag8ment wttwnlitee1￿ myexatninakn irflhe fwwrKial Slat￿￿18 of Th8 Op8n Theatr8 Cotnpany Lirniled ItheCNqrityifv the year ￿ded 31 W25. R$spon￿bIllIFy arKI basls of report As Iho mana9*meni comittee ofthè Charity land 81s0 Is direct￿$fcrf lh& pJrtA)sesof ccftw8nylawl. you a re¥K>wbk fty the prepJatson oflh8 fin&)¢k4 slatem￿ts in ￿r￿>7¢8 wth rwJuifw8nts of ￿ CoMp*)￿SA¢1 2006. Hawry salEfied m)seWthat the fin3noal State￿￿￿tS of the Charity arp reqwed to be au(*ted und2r Part 16 ofthp CompaniesAcl 2006 and are elyble lur ¥vJweTwJenl ela￿naL￿. I rwt ￿ re5iEd of rny exaTnitthun of th6 Charitys fi￿￿￿81 staityments wned cul under sethk)n 145 ofthe 2011. In ¢￿Ir￿j 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). ￿lePe￿*￿teXarrMr￿I ￿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￿￿ b￿GaL￿e l aTn a cf ICAEW, which É of ihe i*ed toJEs. I have CoMp￿ted rny exaThinalion. I confirrn that M matt¥s have c￿ne to rnyattentiDn in rnnnectkM ￿th the exÈmw)aiion giving tnecau$8 to b￿￿Ve thai in any rnaterk41 accounbry recorts were notkepl in respttldthe (knnty aswuir&l tysedon 386afthe Compank5Ad 2CQ6. the firhancial 3*alemenl3 do notxcryd Ihoje r¢cords." or the fin3nGial ststernents do nol CO￿tAY th Ihe ofseGtion ￿ oflhe c￿￿paniesACt 2006 otr¢r than wy requirement thai the sknieftwlsgve a true*d f8Arvttv. Is nol 8 matter cwsKJgred as part ol 8n IndeF*ntlent ewirwtiw." Ihe financial stalements have been prep￿ed in3ccordar￿ yitth Ihe Melh￿ts and pri￿p￿SOf the Statement of RecDmmende¢J Pr*Kg for xcountwg arwj repthig by dwrti9s ap￿1¢able to chanties prepariry Ihgir fnanogl 5tsterrnnts n acoJrdanTr Ihe Fnanual Rwb"ThJ SlarKl¥¢ apphcth UK and RePU￿1C of Ireland IFRS 1021. I have no uncems anrt h8ve Wme￿rO$S no other m*ws in ￿TeaM)n the ex￿Inab0n to atteniion should be dra*m In rgrort n wder to en*le a w¢)per ￿dersta￿J*￿ oflhe rrt8nrial stslements lo b& rfjaC￿. S¥ah Motr1oyACA for8n(J on ty•ha￿0f Kwdall Wadloy LLP Merevde Ho￿e 27 SansLKNe Walk WOr￿ter 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 ￿gac￿5 Ch¥liab￿ *bwl18s Inveslrnenls 453.503 319.860 181 128,3red ￿ sterfirvJ, ¥th(ch is IhB f￿￿￿al curTencyofthe Charity. Mmetaty amoun15 in Ihesefinanckil *te[n￿lS &e raut￿ed to the nearest £ The financi81 have u￿￿rthe t￿(]>￿￿￿0Th. The wnci)8I8r￿ntirg pO￿tte5 adoplad ar8 sel (wt be￿. 1.2 Golng ¢Ortem Al the Iirne of approwry Iheftnanrial statements. the manasrntc(Ynnrftee have a reaSC￿ab1e expectation that the hanty has atequale res￿r￿ to COn".￿￿e ￿ opuabona eXtsten￿ forthe toreseeabè future thal there are no rnalen￿ un￿rtaInl￿S a￿(￿1 itsabltiy tOCon￿￿e Tms the nBnagemenl ujrnmrtlee continup to a(knptthe gtxryJ ncem bas￿ ofacco￿tingin the fi￿ar￿1 s13t￿nis. 1.3 Charitable lunth Unf¥¥iri￿ IL¥ids aTe avatsL* fc¥ use al lh8 ofuie Lx¥riw*lLe8 In fLYUwraiKeol Uitrli oharitable 0￿eCi￿o$. De￿￿￿ted fund5 COttPri5efutKJsthlNch have b￿￿ setasKleat Ihp d￿eti￿ of the Mana￿m2n1 co￿￿￿￿teE for Spe￿fiC purposes. The wrw5es uses ofthe ate set oul in the rvJle5 10 Ih8 finarK4alstaternents. Restr￿ted furwJ50fft subi&cito speCificL￿j￿yjt￿bYdo￿rS a5 to may ￿ usgj. 1.4 In¢omg IrLcorne 15 recognised when the Chariiy L5 legally enbtlEd to ti after any perforrna￿ C￿*tIDn5 have been mel the tK)unts can be measured relabty. a[￿ it15 [K{thb￿ thal in{X)n￿ *il berwENed. C8shdwaJc*)s ¥8 r6(J￿1￿j ¢)n r8¢ept. Othor¢kn*p￿¥ we rÈ(yywthJ I￿rIty has b*n nobfi8d oflhe do￿10n. unleSSkwlrrnarKe condth"LY6 requY¥i*fwr* ￿the anxwL 1.S Expondltur¢ E4)endilure Is reccwjnised ￿ce there isa ¥8nsterethioth¢ benefit Ir)a third party, Il Is Frt*8ble ilEI 8 transfer ol e0)r￿￿ be￿$ wil be reqwrE(I m seltyerwl. ar￿ tre amountof he oblwabon can Tneasured rdrably. ExpÈndi¢u￿ is da$srfEd by attiwty. Tr costs Of￿ &bvity ¥È m*le up0f1￿ tolal of directtosts shared Induding 8Lpporf o)sLs inYol¥Bd in utvJ8rtakry eath thty. o)5ts BI1[￿￿￿￿9 lo a st¥Jl8 a￿1vIty ale allwaled diredy lo that aclmty. Sharee costs ttmlribjte la more than one ￿1¥ty and 5UFVIrt costs are nol attributab￿ to a ￿ryle are ap[Xth￿d be&¥een ttKse ￿lMtieS a ba￿5 ¢￿nSist￿l Kith the useof iesource&. Central slaff costs ate ￿￿JrAted on th8 baw5 oflime s￿￿1. chatg&5 ate alkKBt￿ on th8 portlDn ofthe asset's use. 13- THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 ACcoUntw￿ pol￿•e$ (Continued) Fles￿re￿4 expended are In￿Uded in the Statement OF FvwKiol on on ocuvols b￿$. induwve of VAT wh￿h cannd bfy recovered Lthlilh3s are rwnised as tsy (wr. Expendrture within the ¢ategw lo whKh il dlates. 1.6 Tangible fixed a55ets Tangib￿ r￿ed assots intsly rrwsupd * txsst arKI sub5equentyffloawr￿d ai Eost orvaluabon, netol depre¢iatiDn 3nd any itryairrnrt losses. Tarw)ib￿ fixed 85s81s ar8 8iatsd ai cast K8ss dwe¢1*￿. It￿1$ art t•tslts8d 4vhtr¥ tho purehase price *xesed$ £100 DetKeaation is prowded al rate5calc￿aled to WTrte off Ihe cost kn esbrnat£d residua val￿ of eath a55et over its expeGl8J Lseful lrfe as ftll(Ms. Ck ¥ahJe The or lo￿ the lisposal of arb as%d i5detwrnit10s the¢Yffererte between Sale prweeds and Ihe carryng ¥dup ofthe a&%ei. is re(x￿L￿ in Ih2 stalernertolfinan(ia activthes. 1.7 Cash cash equlvalw Cash cash ￿￿1valentS Indude cash in hand. and held atial ￿lIh bants. 1.8 Flnanclal knstruments The Charity h8S t18¢L￿ 10 8rWy the pioworts ￿se(*￿) 11'Basi¢ Fin￿￿ Instru))8nts' and Section 12'01h8r Financial Inslrnrnents Issues. of FRS 102 to al of ts finaici* I￿￿Ments. Financial in8trurtYèntsare rwised ID the ChariW8 b#￿Tr￿She81th IhB Ch￿ty L*C(¥1￿ party tothe COn￿lUa1 prov￿1)r& ¢fthe iwrunEnt Bask finon¢lal as$ets Basrfinan¢￿1 as*is. Ir￿￿j8 debltys Cash bank baL8rw. inffjally nwsur8d al I￿$￿t￿)n pric Induding trdnsadon costs arKI are S￿enty1z￿ed at aThWbs￿. ￿K￿nCl￿ as5et5 dassified as wthin one yearare not amrtised. 8asifinancial liabilities. hYCl￿lIng crpdit(Ms initialy Tec0gTr￿I at trar￿athn w. FinatKi4 lithilthesdassified a5 p8y&qe within on* year ar8r*)t anw%bwJ. Trade ueditcrfs ere 0￿1981￿￿$ to ft￿9￿$ orseNtes been a(4wreé ￿ tre Ndinary Course of opera1￿5 Ir(wn Supp￿¢[5. J¥Mounts para￿ are cb59fed as IwtAhties If payment is due wrthin year or less. If not, they are preserrted as r￿)rb￿rrEnt lablrfi2 Financial li8bilthCS ort threcawised Charty's C¢)Thtrth￿ I*AvJabons exwc dI5(*ar9￿ Ix ￿n￿l￿d. 1.9 benfffits The co* of any unused hc4thy entil*ff*nl is reco)ni5ed in the Fer1￿ the eTrwksyee8S8t*1cesa￿ r8¢ei¥e 1.10 Retirement benefits Paywls to defned co)Irtv1￿rt retiremnl twefit sthem8sare charg•J as an expew8S I￿Y fall due. 14- THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 ¢rttl¢al a￿O￿n￿n9 •stim*s and lyd9prnonts In the 8pplicabon oflhe Chertys 8cwunbry the rnawNwtu*nrntttec ere wuKed lo mekcjthgemcnls. e$l￿aleS and aosurnpb￿s atoul Ihecarry1￿ arrwnl of asseis and hatilil*s thai3re rewjly appareni from olh SoUr￿s. The estrnates and as￿ated a55umpkns are based on h￿tOr￿al eXwIe￿ arKI other lactorsthal are consKJered its be rdevant. Aciual rÈs￿5 may (*fferfr(Th esbmaiè Thp Fthd iJr*lptyryJ ￿￿1￿￿￿￿¥￿e. rpvh¥erf rjn an In aruAJnhrrfJ p¢limqrps arp. recognised in the p8rk* in ¥Jh¢h Ihe esDmaie is *tsre revi8kJl aff￿1$ tyily Ihal pwitrj. or in the pariod of Ihe rwisx)n Tuture per￿￿S whpre Ihe revi&on affects tx>th curr￿rt future peri(xl5. come fwom Irbyesbnenls Vnwvstri¢tpd funds 2025 nds 2V24 Interest r￿NaIle 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 Gerr￿d Weston F￿ndati 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 ￿n￿l- IS)D 3,COO 16,975 65,WO 5.tX)D ,200 18.975 65.(N)O EHCP The GO￿l￿g FourthbL Leatraay Founrtal The Eveson Trust The Qteven Bk)ch Imege ol DIs8tAlity Charii*de 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 UnreStr￿d fimd5- genera Restrthd 319.880 1.750 321.610 Forihe year ended 31 Ma￿h 2024 UnwIr￿l￿d Iwds- generJ Restncied fwds 391.￿1 15.340 406.341 Rai51rn9 fund5 Unrp51ricted Unrestricted fU￿S 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 unreStr￿d knd5- general un￿tr￿d kntts- dPSEt￿1ed Re8trthd fthds ng,085 667.267 7,280 80.316 141.9B3 871.[￿8 754.863 Suppurt Gost5 all￿￿ted 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 F￿ofes￿on A(Lountancy Sundry 192 6.4TT 127 21.810 A¢countaw costs I￿u¢J*s f88s¢f £IWW I￿￿4.. £1.yyJ) wj Inaepw)aeni kn8nner faes ef£ 30012024. £1.1LIOlfN granl aid taxalKm Servi￿S prO￿￿￿ed. Man•JwTr*nt 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 OperalK￿￿1 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 th￿tabl￿oblects. 19- THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Tra￿10[5 Dunn9 the ye¥ undcr re%ryew £SO.LKm)w￿tr*n8fWTed lofcrfm 8 de3i9ne*d web8itefiJnd. In the prec¢diry yeer trangler 1rf£7.280 made from unrtsrtlwj furK15 to resiriued ctyer re51rd￿ o¥e[sp9￿ling ￿ wnp1819d projects. 13 Tanglble Nxed assets CornTruMraqu1pm￿t 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 0￿erdebtarS Pre￿yMents 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 18s￿O[￿e￿[￿ (xXthbul￿ 5L4 12,855 11.936 Clyarily ¢jpwaI￿ a ￿t￿1r)n SCI￿￿8 r(K all a￿180[ are held SePa￿telY fr(Mn Ihose ofthe Cknrty in an ￿mir￿Stered tund. 17 UDr•strf¢ted fuTrds- Do¥6gnats These are ur*eStr￿1ed 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". T￿￿51￿5 At 31 MarGh 2024 Teaching Drfferènly 17.2801 7280 We have des￿naled £50.￿0 to tre deggn u>ation ne* 0[￿ Theatre website. better represents the brea(Ih ￿￿ork knatwe do athy wr C￿M￿mentIO tr C￿tt%￿Y ofywty peO￿e ¥*ith *amYig Uwbilibes. 18 Capital ¢ommhmo* 2025 2024 AM￿nts ¢￿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 c￿nprisethC ur¢xpcrhYed b8￿nc￿etr¢c￿$8nd grontshdd on trusl subject to SP8ufic co￿111￿￿9 by¢M(YJ as to hthty Ihey rnay be wd. At1 Apyil 2024 ¢tyMing Transf8rs At 31 March 202$ (hrt &Ab(xrt Te8¢hin9 Diifewly Lean*lay 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$fars At 31 Ma￿h 2024 Friday GTO Onè ofa Kwid Oparnmac Core A¢tMlies Coventry sc1K￿5 Out Ab(rtJl Te8chill9 Differty Tuesday Groups Al*Tr￿tsve Voice5 10.r 1.200 I10.0￿} 11.5051 I6.0￿} 110.(KK)I {3.0551 10.QOO 19.315 127.4081 52.592 13.0231 2.OTJ 129.515 180.3161 2.393 54.592 THE OPEN THEATRE COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2025 Re$trictedlunth (Continued) Friday GroLV. fvn¢4n9 recLYved to suppyttxYryLy 9roup For Ccdlegc $￿ents youry 8dutts. Induding fu￿1n9 recefved to suwd gjmmw 2023 1￿¢Y￿¢e$. On8 of a Kwid. fun(*rw ret*ved ftttyjfwtekty wp m*tir¥J ai th8 &miinyh*n FlppcQromt. Orp.nNlsr.- Ihks rrylarwppkty EyrAlP *Oh A 8- 14 yp.ar8whn mppl al ￿￿18ndS Arts Cenlre. The Sess￿ are rLn by ourdranw [￿￿*t￿er$. and the fU￿1￿j g08S ttyyards lh& o)8t of the staff arKI tnateri3Js needed forlhe gri)up. Cor8 A¢tThilies. lthJirwJ tOSL¥VNt oflho thairty. Coventry Schoo15 Pro1￿. Fundiw rewed for ts InterACT prr*yarnnE. brir&YrvJ Ir4etsryouig reopk wilh the most complex nEeds in 3 specKHI Sc￿5 ￿ Coventry to conTrxt drama. u￿ng the C*en Theatre ?ractice alon￿d8 INe t￿1 Abwi. Funow ieceN811 frrm post￿ L(￿ f¢r th8 d8lvwyrfgJfftwwt¥*slw IN YPfftDacioss comwnity venL*S and parks. T*ching Drfferenly. A >y¥dr p￿&￿t￿e. tutvJ8d Ihwjh Paul Ha￿tyn FOU[￿tion to exF4ore and L*¥ebp hcy we tran support b8ch*rs 17 wr TrMth 1 s¢W in ye¥ 1. 8ThJ a futhr 2 s¢ho)Is ￿ ￿ar$ 2 3. LcarrPlay Limited- fuTr*ry intcnthpw I6.￿YearS For4rwJnths for S4>￿￿ who nswJ8rs lo have a leamry disablity.8ub*D 8ThW(ratp n￿￿￿e[gert. ￿teM spent liTna w(wking wilh several members of the tearn ￿ across tkith S¢￿X)b. arKI woie(xs. Tuesday Gruup.A wknlprv4rawYTre Ur￿u￿Y *lvJ thnbfya5aubsbG to eN*IFd what thr6 M8￿5 forlheTn nd hTrw Ihpy mkjhl wrrt Iop.Ihpr thrrmjgh cJp.atNP. 7AYx*th)r Ai*rnative vores. Sw)wrbro At￿￿fveVoKes Ttrwtre C