REGISTERED CCQIPANY NUMBER: 01810563 IEngland and Wal&Jl REGISTERED CHARITY NUMBER: 295093 ud d31 arch 2025 Th Th Con ents of the Financial Stslements they Page Report ol the Trustees 1 to 11 Indepe1￿ent Examinerfs Report 12 Statement ol Financial Aetsvities 13 Balance Sheet 14 to 15 Cash Fl¢)w Ststem¢nt 16 Notes to the Ca¥h Flw St•tement 17 Notes to the Fln¥rt¢fial Statements 18 to 28 Detaled Ststemenl gf Financial Athtièa 29 to 30 Ea5tem An le5 Theatre Com Re rt of the Trustees for the Year Ended 31 March 2025 The trustees vjho are also directL)rs of the charity for the purposes of the Companies Ad 2006, present their report wth the finanaal statÈmènts of thè tharity for thÈ year èndèd 31 March 2025. The trustèès hav8 adopted the provisitsns of Aeeounting and Reporting by Charilies.. Statement of Recommended Piactice applicable to ¢haritie$ preparing their accounts in acttjrdance wilh Ihe Finantial RÈportin9 Standard appIl￿ble in th¢ UK and Republic of Ireland {FRS 1021 leffectr¥e 1 January 20191. Obl•ctlves and attNIti•s Oblectlves and aims Our rni¥sion i¥ to.. Create ambitious, innovative high*uality theatre • celebrate a'sense of plate. in both rural and urban settin9S Use heritage themes to make creative WO￿ mixing past. present and fviure . Tour to a wide range of Ihtatre, comrnunty. and site-specific v*nuts • Dèliv•r incluslve, cemmunity-focused aetivrties and opportunthes Be en¥ironment81ty r*$ponsiblt Our work take$ 118 in$piralOon from the regi¢n ol East Anglia. wNch Sn¢lud*s vllages. mathet towns cltles. over 40 years we have listened to peopk's experienr*s. often recording Ihem and putting them ¢Jur shows. vo￿8 range from East coast herring flshemen to Peterborough warehouse Krkers and South Asian taxi-driv•rs. A prlndpal f•atur• Is our ability to mak• an auditorium in amost any spxe and track data by selling direct to the public using our oym Box Office By51em. We del￿er work in areas of low arts engagement across rural and urban areas. We know that th•r• af• souo econonNc challèngès aeross our patch from tiny ham￿t5 to city Èstates. The EAC is in one of Ipswch's most cullurany diverse and underserved wards Iwestgatel with 60% of household¥ ￿l￿gOn$e￿ most deprived This makÈs us Ideally placed to make a real differeN2 in our local communty. Vve collaborate exlen$fvely Sn Ipswch and Peterborough and the rural area betsveen, are in solid financial shas)e Ideswte Ihe pandemic), wlh a IOO*ear lease on our IPS￿l¢h base Page 1 Eastern An les Theatre Com Ltd Re rt ofthe Trustse$ for the Year Ended 31 Ma￿h 2025 Objectives and activitios Significant a¢ti¥iti•s Eastem Angles Arli$tic Progrnmmo Rgvigw 202￿026 Eastem Angles Annual Rgvi•w ?02￿2026 The 2024-2025 year has been a landmath lor Eastem Angbs, rnarked by bold production5. innovab"v• ornmunity proj¢d$. and Ihe wthued grovAh ofour en9agement programmes. We began the year building on the success of Stones in His Pockets, which continued to tour to enthusiasti¢ audiences across the fegh)n, re¢ewin9 Outstanding feedback and strong attendance figur•s. "It always fllls mo wlth ¥vond•r th• maglc you usw to transfomi our vlllage hall hjto a dMf•r•nt worfd and introduce u¥ to ¥uch • wi(le range ol ch•racler6. Just • eouple of hours then they Ire 011 gone andyou can tak• th• maglc to anoth•rspac•" Vlllag• Hall PTomot•r. Across the year, Eastern Angles presented work in 43 venues, dtliv•rin9 146 pèrft*m￿n¢￿ acmss 17 i**trieta and S Coun￿0*. reaehin9 11,135 p•ople both at our base and on tour. Autwnn Tour- The D••p Our Autumn Tour $aw us present the UK Premiere of Thè Do&p by Jon Atli Jonasson, a haunb.ngly beaubfvl play that tourèd eoastsl communitles across the East of England. We partnered wth local RNLI ststi¢)ns to highlight the Ihemes of sur¥lval, re$ilience, and comrnunty spirit at tht hèart of thé production. Ah)ng$ide performances, we hosted wothshops In Sholley.. a newty commis&oned hymn performed by a bxal choir, and a movement session exploring ow bodies in relation lo lh* sea. "Dlr•¢lor Jo*0 Smllh k￿p$ • strong. conlident hèndon thè tillor. Th•n. at th• eoneluslon, som•thing 4bsolut8ly be*utMul happens as reglonal eholrs slng the lishemian home. It was unexpe¢t¢(£ tend•r •ndpowerful, and embraces the communitySPITrit Eastem Anglès bullt Its rnputatlon on." Marf(•t Bound Our Market Town Bound projed conts"nuefl wth a vibrant programme in Hadleigh. In partnership wih primary school$ 8nd Benlon End Museum, children creatèd artworks inspired by their heritage, ￿1¢h we projected onto the Deanery To%ver. The event attracted an audience of over 300 peopk. who also engaged in worksh)p$ and ccrfnmunity celebrabJn5. We also Cowcrealed an audio trail with Eyè Arts Cèntrè, local rasidents, and school pupiL8. This trail ha3 since been adopted by the local counel as part of the* tourism offer. ensuring a lasting legacy for the proleeL In Sudbury. V￿ worked wlih Sudbury Arts Centre and storyteller Jusline De'miere to g•thei oral hlstorfes from residents, transforming thtm into a telèphone box installation and culminatir4J in an aftemoon of fjve sttsrytèlliTYJ perfomiances. Across the Market Town Project, we ￿SIted Eye. Sudbury. Shottgy and Stowmark•( provldlng arts a¢twilies to over 190 people. from audits trails to storytelling f8sth"vals, movement 8es$iong and ￿ThJIng workshops. Chrtstmas 2024- A Chrlstmas Coml This yea￿$ Christmas produth.on ol A Christmas Carol was a resounding success. delighting audlences and cementing Eastern An9le$' reputabon for dgfvering fe¥tN* theatre thal iesonates aeross generations. "I have been to many Eastem Angles Christfftas ¥how¥ ovpr th• y•8ts. butl hav• to say that t1￿$ o i# reèlly up wfjth thè bèst of th•m." British Th•atr• Guide Thè produth.on also enabled us to make measurable pro9￿95 toward our strategic aims. Our Love Local campaign significanlly increased eng?g¢mentwith lo￿1 residents within a five.milE radius of the theatre. wtt) 300A of total book•rn coming trom nearby postcodes. The rnajoriiy of audiences were b85ed in IP1 and IP4 494 ¢ustom•r8 from IP4117.6%1 and 416 from IP1 114.8%>. c¢Jmpared with Rumpelstiltskin's IP4 totsl of 228 and IP1 total of 260. This &Juate8 to a combined increase of 86.5% In local bookers. Page 2 Eastern An es Theatre Com rt of the Trustees forthe Year Ended 31 March 2025 Objectives and activities We also expanded our wch among younger audiences. For Rumpejstthskin. 290 pgoplè undar 25 aitended114.10h under 16 and 2.5% aged 17-251. Foi A Chnstmas Carol, this rose to 386 p•opl• under 25 17.2% under 16 and 3% aged 17-251, an oveiall 33'A increase. Accesslbllity remained central, wilh two Inte9rat¥d BSL porformancés 130 NovembÈr and g January) and two Audio Captioned p8rformant•s. ensuring that Dldeaf and hardthofthearing audiences could fully experfence the productlon. Our aTnbth'on to grow our digital ￿8¢h also continued. vAth the production Ilvo stre4m¢d to 53 bo¢koff& buildin9 Ihe foundation¥ for future growth in online engagement. N•w Anghs EngJ9gm¢nt Progrnrnm• *t thè East•m An9￿$ C•ntr• 2024 also saw the launch of New Angles. our engagement programme Supported by the UK Sha Prosperity Fund. This has al￿w￿d us to.. Develop newwriting through Playwiting Club19 sesslons. 61 attendancesl. . Establlsh a drama ￿MpanY frjr people aged 50+ Ihrough ThirdAct118 $98$lons, 44 4ttgnd•n¢gs}. Launch yearryround Youth Theatre133 $•sslons, 310 att•ndanc•sl and a YoLry Company IZO se68lons. 172 attèndancgsl. Pilot Play. Pizza, P￿t eveniNJs, whlth aeross 3 sh¢)ws soI(f 229 tl¢kets vmh an average attendarKe of 97.4% capaclty. Our Youth Theatre eapped the year with a Family Festival in the centre of Ip8wi¢h. attended by 1.585 people, and performed their orig¥ial produelion The Who GrAerJ Shuck, inspired by the East Anglian Black Shuck myth. Meanwhile, our Young Company proudly represented Easl¢m Angle$ in the Nati¢)naJ Theatre Conneclions Festival in Ipswch and Norwch. The UK Shared ProsFerity Fund also enabled us to provide £30,000 in 20 pald bursar1￿ for •m•rying artists acr055 Ipswich, administered through our Engagement Project Coordinator, fvrther cementing our commitment to talent development in thè région. Contlnulng Comrnunlty Support Alon9side produetions, our Homewort( Club has continued to gUPPOrt young Children in the We$lgat• area ilh 777 att•ndantès tr>r homèw?￿ support and •xtra-curricular acth"wties. We also provided a summer holmlay cbjb in Ipswich118 sesslons, 270 attendance$l and two holiday clubs in Peterborough durlng the ¥umm*r and February h*W-twM {10 $os$lons, 70 att•ndanc•61 hosted at tho Bharat Hindu Samaj Mandir Temple. We ddivered a yearbng Young Creatives programme138 sessions, 86 attendanc￿1. giving porticipants access to masterclasse$ from industry prof•s$i¢nals. Th• programm• uJlmlnat•d In th• cr8ation of a Theatre4n￿du¢at10n piece perfonned wth Handford Hall Primary School. Our team also partnered wrth Wolsey 550 to produce Wh8tA Lvondgrful WoFld. a stnsory prtsduCth￿ created Ih fN¥ across Ipswich. In addition, we ploted OLW fitst Nourish Fyogiamme, running frorn September to January, focused on crèxiwè heatth and welljeing. The programme delivered 21 sesslons with 1SB #ttendanees. N)cluding yoga, cooknng. rnassage, and mul41 painting btoadening access tts ueativity as a tool for wellbeing across our eornmunities. Sprlng 2025- Sophia The Spring season br￿jght Soph￿. a powerful new play about Princess Sophia Duleep Singh- strffragette. revolutionary. and daughter ol the last Maharaja of the Punjab. The production brought tO9elher themes of heritsge, identity, and actlwsm. speaking direcuy to our mission of telling stories that connect the kncal to the global. Page 3 Eastem An les Theatre Com an Lld Re ort ofthe Twstees for the Yeai Ended 31 March 2025 Objectives and actlvltie "An ITmpoTtsne play abtxrt a phee olsuffolk hlstory aftda loiyott•n ehamplon of women's rights thal Iw•s nol aw•rn of untilnow." Suffolk Theatre Th• Eagtem Angleg Centre Our building continue5 to grow a5 a creatbve and community hub. In 202ts2025, it ￿elComed 8.373 ugerg attending sessions run by hiring ￿mpanIeS including Ipswch Reggae Choir, Ablè Health Care, Insida Out, Ip&wi¢h Palaeography Group, Cohere Arts, S[￿01k Art Link, NHS, and South Sireet ￿d$. We hosted 24 perfonnanc05 from visiting eompani•s, bringing 1,199 audlence members into the Sludio E& Our outdoor Playgmund prograrnme 81$0 attracted 1,585 attendees across the yèar. S•ctor D•v•lopm•nt and Support for Arthts Ea¥lem Angle¥ ha¥ provided vrtal support for arbsts and Independent Companies through rehearsal space. crealve development, and in-kind asslstance. In 2024-2025, we $upported or w*re involved In 15 R&D projg¢ts, ￿rkIng Mrith o¥er 350 ¢r••tlv8* and audl•nc•s. Vve eontracted 93 Indép•nd•nt fr•olanc•rs and artlsts. of ￿1¢h 24 wère based in the EaBt of England. relnlorcing our regional lrnpacL Volunteers were also central lo delivery. Mmpleting 315 Front of Housg ¥hift8- equal to 1,260 hours olvolunt•èrfng. Our staff undertook 263 hours of tralnln9 In Carbon Lrteraey, AntO-Bias, ￿￿t￿Ing. Safeguarilng, and Engagement Delivery. In-klnd support included the loan ofan estimatsd £2.000 worlh of equiprn8nt to Ixal 9roup8, enabling new work tts fltsurish across the règion. "This was lirst elass théatre on our dootstep but serlousty worthy of a West End Stage" Audlen¢e CO￿lUSIon Thi5 h85 been a year ol growth. e￿alIV￿, and deepened community eonnection. From bold new pro(kncthons and revivak to grassroots engagement, creative heatth initiatives. and emerging artist development. Eastern An9￿$ Theatre Cornpany continué8 to dèlivèr work Ihat is both rooted in place and Ou￿•rd4j0knng in ambition. Artlst & Partn•r D•v•lopment Work: Alongside Our produdong and eommunty angagèment, Eastam Angles has continued to play a vltal rde supporting artists, companies. and the wider theatre ecology acr085 the East of Engbnd. We provided rehearsal space and directing SUPPOrt lo the Ink F•stival in HalesvA>rth, reheorsal Spaco to Splnnlng IAhè•l Th•atr• an¢J the N•w Wolsèy Th•atr•. and supportèd Matth•w LIn￿Y and Funn•lTr*hck Llmb on projects including the tour of Alom and Luna. We w¢)rted cbsety with Del Singh and Beth Kapila on Bal oul orp9te￿9rQugh, and wth Hannah Kurnarl on SophR, a new play that both received a workshop and sharing at the Key Theatre and Metal in Peterborough. Our collaborative ethos extended lo a new adaptation of Thg GD-88lween, developed with Ben Mu$9rave. NorwiGh Theatre, ￿lUe Sh•ringharn Th•atr•, and St G•org•'s Th•atre. Great Yjrniouth. We al$D partnered wth Highfide, Harlow Playhouse, and Theatr• Royal Bury St Edmunds to support Ghost Stoli85 by Candlelwht, wele proud to host the Natlonal Theatre for a Meet the Artists event across Ihe East ol England. connectr'ng regional ialenl with a national platform. This development strand remains central to our mission.. nurturing independent productions And regional voi¢es by providing in-kind support such as Tehearsal space, vehicles, and ac¢e$s to our eXperien￿d staff, as well as bespoke ¢￿ative input when needed. In doing 80, Eastem Angles enables projects to tour and Ilourith. ensuring that 4rnbiti'DU¥. high44u4hty work conlinues to reach audiences atross the fegion. Objectives and activtli•s We have commissioned rwi s¢ripts that ¥pg¥k dire¢tty to our misslon.. Page 4 Easlem An les Theatre Com Ltd rt of th8 Trustees for the Year Ended 31 March 2025 Obje¢tlveÈ ond aetivitiès Voieè of My Own by Ekn1￿ Pennycott, based on the true story of local teenager Daniel Jillings and his 8uccessful petition for the introduction of 8 British Sign Language GCSE. This pro&uctKJn celebrate young activism and Ihe vi5ibilty ol Dldeaf communities. rooted in a pDwerfvl local story with national resonance. . An adaptstion of The ofher Slye of the Whale Road by Suffolk author K.A. Hay￿. adapled for the 8tsge by local pkywight Sharnsher Sinh8. This piècè brings a contemporary young adurt novel into dialogue wth East An91ian history and myth. offerirvJ a ihnling theatrical enty point for younger audiences. . A new adaptstson of The G￿BetW8en by Bèn Musgrave, dèvèloped in collaborats.on vAth ￿gIonal partners. This clas51C tale, rooted in Norfolk's landscape and history. offers audience$ a chance to rediscover a beloved story throu9h 8 fresh ¢onternporary ￿n$, vthile continuing our commttment to exploring narratives of place and rnerr￿ry. Through th•sè projects, 8bn98ide our touring productions. fesb'vals. and engagement programme$, Ea$t¥m Angles Theatre Company continues lo meet its objeth"v•$ of ¢￿atrng work that is locally grounded, nationally relevant, and artlstiealty ambith)US. OUR PREMISES Eastsrn Anglgs Centr• The Eastem Angles Centre has completed rts third full year ol operatr'on, rAmenting itself as a vfjral erèat and commuryty hub. welcorning 6,373 Use￿ acT05S a wde range of aclivili•s. At its heart are our focused thildren's programmes. including Èxtensive holiday activities IActivths Unlimited Fund) and thè Homewo￿ Club Ilpswich BOr0￿h CgunrAI Wèstgate Ward and UK Shartsd Prosptrrty Fund), vJhi¢h provide free food. ueatNe sessions, and tsibred support for young people, many from disadvanta9ed backgrounds or with special t7eeds. Led by ewerienced lacilrtat015, these dub5 are now a petm84)enl fixture in the building. The Centre also hosts year-round programmes including Youth Th•atrn and Young Company offering consistent opportuni£ies for ygung people to engage in creative development (UK shar￿ Prosperity Fund). A thriwng vlsltlng theatr• programm• in thg Studio Theatr• has established the venue as a key destination for perforrnance in Ip5wch and across the East ol England, wekoming 24 visiting perfr•miance# YAth 1,199 audfjenc• m•mbgrs in 202￿25. The Cenlre ¢gnlinue¥ to provide dl9ltal drop.ln fa¢lllilo9 free printing. photocopying, and laptop use- and support5 8 broad lange vl communrty groups. includin9 the Ipswch Palaeography Group. Amateur Theatre Companie$, Inside Out Arl8 & Mental Health, HighTide Theatre Company. South Street Kid5, Let'5 Talk Reading, and the Ips¥vich Reggae Choir. Supportèd by a dedicated team of 4S ¥olunt••rs. Ihe Ea¥tem Angle$ Centre thrive$ •$ an N)cbJshkn. dynamic hub lor Creativity. leaming. and Cuttural •ngagement. Workshop, Foxhall Our Foxhall workshop fomis a Mtal part of our resource infrastru￿vre, ¢urrenUy hou$in9 our s•ating. domé. and previously used sets. Thi3 fa¢ilty albws us to r•¢y¢lo and Mpurpos• mai•rfals lor luture productions, reducing wastè and ¢osts. In the face of rislng malerial prices, the workshop has bec¢)me an èssèntial flnanclal resource. supporting both Sustainabilty and operational effieleney. It also ensures our practice align5 With Theatr• Gr••n Book guld•lSn•s, reflecting Ea$tern An9le$ commitment lo environm•ntal responsible theatre-makn'ng. OUR PEOPLE Objoctiv•$ and a¢ti¥iti•8 St•ff - Easiem Angles has a core staff of 8 wth a FTE of 8. led by CEOIArtistic Di￿tOr Jake Smilh a General Manager Jess Baker. Eastern Angks has a Board ofTrustéès lèd by our Chair ￿lsoN Stewart MBE. Our workf0￿e i¥ 60°h femak, 40% disabled or li￿n9 with a long term heatth cOnd￿'0n. 20% LG8TQ+ and 20°A Iiom a GIDbal Majority background. We are striving to maintain a workforce that is 16% ethnicalty diverse lin line the bcal Ipswich population.) We recognise we deliver much of our work in rural area$ with an 80% White Biiti$h demograph￿ and respond by ensuring our cast and crèativt tèams are ethicAIIy diverse lin 24r25 we worked with 93 creativelcast members with 29% DisabledlNeurodivergenl, 24°k Gbbal MajoTity, 16% LGBTQ+ 52% Women and 48% Men. We also understand Ihat rural audiÈnees have their own diversity in terrns of age, disabilty and soci04eonomic chaI￿ngeS. 11 is our role to provide these people 8cce¥s to high4ualrty and accessible artg provision. Page 5 Eastern An les Theatre Com a Ltd Re ort of the Trustees for the Year Ended 31 March 2025 Oblectlves and activitiès has been a steady year for staff retumlng from long term slck. Our Peterborough Project Coordinator re$KJned at the end of January 2025 and our Finance Manager re51gned al the end of ￿￿mber 2024. Staffin9 feel$ at fijll strenglh and utilises freelaneers to increase eapacity at busi￿ times Ihroughout the year. Board - There are 9 Trustees. 3 were recrutted in 202412025. They have had a successful induction and have been invofved in subsequent Board awaydays and Str£teg￿ planning. Thèy understand the vahjes and Investment principles of the ACE Let's Create Strategy for NPO organisations. Volunt••rn- are essential to ¥%that we do, our touring and wlhin the Eastern Angles Centre. In 202412025 we had 45 volunteers, wth an incrèasing shfft in agè rangÈ$ and b#ck9round$. Freelancers and creatives - wth an incre88ing nurnber of produ¢lions and engog*ment ¥n¢J partfi¢ipal¢n programme at the Eastem Angles Centre 93 freelancers and ¢reafjves have been supported and paid appropriately for their ¢ontributitsn$. Audi•nce$ - The 202ts25 yèar saw East•m AngF•s r•aeh n•w holghts In audlènco •ngaym•rt V+Yth our box office under direct control nearly doubling in both sales and attendance. Full-price tickets rose from £34.678 to £74.246. youngèr audiène¢s grèw dramalitally.. und•r-25 attendance Increased more than tenfold, and stuilent participation surged from just 2 to 820 attendees. Local comrnunities ￿Te at the heart of this gro%th, with audiences frorn Ipswi¢h posl¢od*$ IP1 and IP4 n&aty doubling to ov•r 2,000 residents, highlighting the suecess of inltlatives like our Love Local ￿Mpaign. Across age groups. participation expanded across the board, from middb4gèd lo older au(￿¢￿£, reflecting the %￿de appeal of our productions. This years figures demc*nstrate not just a grow1ng audl•n¢•, bul a community increasing connected to E8Stem Angles, 8trengthening our r¢le as a ¢uAural hub that Is a￿&$$[b￿. lrnlual¥•. and dfrèpty rooted In plac•. Envlronm•ntal Poll¢y- Eastem Aryles takes it5 Environmenkl Policy very $eriou$ly and Pla￿ to build on tts already Strong green £redentia15 01 ￿CYcling rnaterials. touring to venues where audiences often walk to Ihe performance. Further to our installation of 84 Solar panels on one side of the accgmpanyin9 roof of the Records Management Centre wth whoffl we share the building. This year we saw a parallel development made by Sulfolk County Council along wilh a battery storage facility in the car park. We hope to install an electric vehicle ¢hargiry point in the tu¢ure. Alongside the Fit FOT Fuiure peer network and the Theatre Green book we have focused our strategies as part of a climate reciprocity manifesto written in partner¥hip Andrew Burton whg received arb Arts Council Devolop Your Ciaalivfr Practice to d&vek*p Ihls manlfesto vthh East8m Angles. FINANCIAL OVERVIE stratsgl¢ r•wrt Flnanclal posltlon 2024125 marked the second year of our thiet-year Nalional Portfolo Organisation INPOI fundlng agreement for 2023-2026. During Ihi5 year we also secured the NPO exten8ion from Arts Council Eryl3nd for 2026127, provbjing an addilh?ng1 layer of stability lor tht organi$8tion'£ medium4em firtLWe. As part of our bu&ness plan, we remaln ￿MmItted to Investlng £90.000 of our reserves over the current fundng period, using this as a vrtal match to attrad fvrther inveslmènt_ This stratègy is already showing results. Grant income rose from £333.918 In 2023124 to £389,313 In 2024125, reflecting both increased actwity and success￿1 partnershipa. Alon95ide this, tsur box ofHc• Income more than doubled. climbing from £59,472 to £120,920. mafklng a signfficarrt improvement in wr earned income position and wdience engagement. The year presented a more stsble $laff environment to manage finantes withln budget. Salary co$ls iema#ied steady, administration and overheads were controlled. and while projects inevitably Carried variances, these bal8n¢ed out over the cour3e of tht year. lrnportantty. the implemèntètion of the UK Share Prospenty Fund through Ipswich Borough Council and Ihe revised allocation ol Theatre Tax Relief IThRI tg the year of pr0dUd￿ ￿¥ts have prowded fijrther fe*'lience in managin9 oul resources. Page 6 Easlem An Theatre Com rt of the Trustees lor the Year Ended 31 March 2Q25 Objectives and activities This grovth in actlvity has brought both arhstic and financAal buoyancy. However, we remain alert to the anging funding kgndscape. The loss of £21.200 In corè fundin9 frorn Suffolk Courtty Couneil. vthich %¥il be felt in 2025126, presents a eh8llen9e. Nevertheless. the StrO￿er box office, diversffied income, and our refLtI financial management give us COnfider￿ for the fvtU￿. Overall. 2024125 was 8 9uccessful year. bu1￿1n9 stability and grovth whilè conts"nuing to deliver ambrtious work across the East of England. We remain sanguine about the company's ￿tUre committed 19 deliverin9 impact. liviro our value8, and engurin9 the $UStsinabilty of Eaatérn Angks lor the coMmun￿"e5 we serve. Publlc bon•fft In setting objectives. developing strate9ies and undertaking activitstrs, Ihe Tru$t¢e$ have glven Ca￿fvI conslderatlon to the Charity Commission's guidance on publlc benefll. Strat•glc r•port Financial po#ition The financial acco¢Jrrts are set out on pages 11 to 25. The financial statements have be?n prepared in accordance with Accounb'ng and Reporting by Chariti*s.' Stat•m•nt of R•¢ommended PractS¢e applicable to charlties preparing their accounts in accorilance wth the FinanrAal Reportin9 Standard appIl￿bkn in th• UK and Republ1¢ of Ireland IFRS 1021 leffe¢tive 1 January 2019) The trustees c¢n$kler the ¢hariV$ finan¢K41 p*rfoman¢• during Ihe year to be posthve and encouraging. Mown9 ffom a deficit posrtion of £SS,000 in 2023124 to achieving a balanced outcome in 202412S reflects strong budgetary discipline and the su¢¢e$$fvl grO%￿h of rev¢nye St￿0m$. The board also notes beneffts of a more focussed approach to delivering the or9￿1$atK1n's core activities, bthich has $lrengthened bolh ffinan¢ial resilience and operational ¢ff¢Gbv¢ness. The $talement of Flnanci81 Attr￿tIeS ghows a nel Inflow of ￿SoUrceS for Ihe year of £20.0012024 ouifflow £54,T781. The total reserves at the year*nd are £419,770 12024 £419,750). The board ol Trustee5 is satisfied that the tharities as5et$ are available and adwuate lo fvffil il¥ obkgations. Prlnclpal fvndlng ¥ourc?¥ Eastem Angles Theatre Company 9ratelully acknowledges financial as$islance from Arts Council ENJland as ￿￿11 as th? County Coun￿1 of Suffglk and IPW￿¢h Borvugh Councl. Invg¥kngnt pollcy and oblgcuvgs The majority of the organisation s available cash ￿Serve$ are required to finan￿ its ongtiing workln9 capft21 needs. This the cornpany ha5 limitèd f*seiv8S to inv•st in the long term. An Investment Policy wa5 adopted on 201h Octob8r 2011. The policy was r•viewed In Jvly 2024 by the Finance. Audit and Risk Committee and thi5 policy is still considered lo be relevant during these challenghg times. The Trustees recogniÈe th8 need for an Investment Polley In order to ensure ihe overall exposure to risk is acceptable and Ihat the best use is made of all available ￿sourCe5. The charity's assets lover and above working CaP[ta￿ con only be invested In aceordanee with Trustee Act 2000 and the charfty's Memorandum & Articles. A cautious risk aFyroach 18 to be adopted in the management of the charity's asset% In the main this will mean placing resources Icashl over and al)ove w0￿1ng capital into appropriate high interest aeeounts. All in¥eslment$ - other Ihan investin9 mormej in a high interest aeeount - are to be approved by FARC (Finance, Audlt & Rlsk Commiiteel VAI be regularty monitored by the Same and the Board. No investmenl will be made in products or comp8nie$ whojo r¢pregentatiDn rnight prove damaging, dwectly or iNlireety. to the purposes or yeputsb.on ol the ch¥ity. P•ge 7 Easlem An Theatre Com Re rt of the Trustees for the Year Ended 31 March 2025 Strat•gl¢ r•port Flnanclal revlew Reserves policy The company wll balancg it8 fvnds and gr8nts to ensure that sufficient reserves are avauable to cover tontingent costs and projects which have started. The Trustees consider that for a company ol this ￿01¢ involved in artistic development it 15 appropriate to carry Ihe folk)wng level$ of reserve$. A Contingen￿ fund within the General Fund of £95k to cover redundan¢y ctysl$, los$ of a major gfant, income sourte or bad debt and cover 3 months operating costs. Current General Fund= 105k. - Note 19 in the a¢￿￿nts give¥ further clarification of the fvnds and their use over th? next fewy8ars. It is likely the designated g?neral reseNe wlll be on thjring the next three years as w* commrt to futhl the goals and objectNes ofthe charity- Out of a total of £419,770 total hJnd¥, a tot81 of £18,200 are restrlcted and £401.570 unrestricted. out of which £296k are d¥8iqnaled reseNes. Fulur• Pla 202>2026 Our $urKes¥fvl applicalion to Arts Council England for 2023-202fj Includ￿ a commrfm8nt to Invest £90,000 from our designated reserves, over threè years. whlch was accepted as part of our business P￿n. Thls investment underpins oui abllity to deliver theatre wth a strong sense 91 place, continuts our comnxjnty engagement Work at the Eastern Angles Centre, and sustsln our arts provision in PetertXYQU9h all of which ali9n ¢b8ety bwth the ACE Let's Create strategy. Under Ihe bodership of our CEO and Artistic Director. we are reinvigoraling the legacy of Eastern Angles and strengthening the organisation for the luiure. Our fo￿ts is on building a robust Charitable company that withstan¢ the w¥Jer decline in public funding. b￿ornIng wnore sustainable. envitonmentally conscious. inclusive, and financi8ly resilient. The Eastern Angles Centre has develtsptd into 8 ￿MMUnty hub in West Ips¥vich ¥5 well as a recogThsed studio theatre destination. In Peterfoorough, through gur work ￿￿th the Peterborough Cullural Alliance, we are collaborating wth parb)èrs to estsblish a new creative education nitiative, lurther embedding our role in the Peterborough'8 cuttural life. Thi$ year havè also Suceessfulty dNersified ow in¢ome, securing n•w funéing slreams from the UK Sha￿d Progperity Fund 1£68,0001, ActI￿tI•S Unk'mited IE4,5001, Fulure Arts Centr¢s {£15,0001, and tho Serious Viobnce Fund 1£15,SOOI. Together, the¥e deMC￿¥tratt the eompany's ￿5111enCe and provlde 8 strong platlomi forthè yèar ahèad. Struclur•. govornanc? and manag•m•nt Governing docum•nt The organisation is a charitablè company Ilmit•d by guaranlee, incorporated on 24 April 1984 and reglster•d as a charity on 15 October 1986. The company was establithed under a Memorandum ofAssociation, whi¢h established the objèets and powerg of the charilable ￿MpanY and 18 govemed Lmder its Aiticles of Association as amended on 25 July 2011. The rtvi$ed articles of associat￿￿ have been prepared In accotdance Companies A¢ts 1985 and 2006. AI 31 March 2023 there were nin? truste•s. In the event of company being wound up members are required to etsntsibute an amount as may be required, n¢t exceeding £1. RgcrLltment and 4ppolntm•nl of naw trusts•s The directors of the crjmpany are also Charity Irustees fer the purposes of chaity law arbd under Ihe company's Arbdes are known as the Board ol Trustee$. The company 1$ YK*Mng to ensure that a ￿￿e range of buwne8$ and artist￿C skills ar• r•pr•sented on the board and currentty has artistic, local aulhowity. ffinanelal, hwitage, educalton, business and legal ¥knlls. Page 8 Eastem An es Th&atre Com rt of the Trustees for the Year Ended 31 March 20 Structwe, 90￿M)n¢4 and management Organl8atlonal stnKturo The management ol the charity 15 vested in the Board of TrusteeB Clhe Board'}, consisting ol a rywnimum of 2 members with no maxmum number. The Board meets at least 4 times per year to d¢terrnin¢ th¢ pol'cy and organisational slwcture and to review and rnonitor the managernent of Ihe charity. The board is current ¢hairod by MrsAlson Stewart MBE. The Board and its Nvo subcommittees, the FinanrR. Audii and Ri$k Committ¢¢ IFARCI arKI the Marketing, Audience Development and Artistic Review CoTnmittee IMADAR} continued to meet regularty both personally and on zoom and to mon¢ior the financial and strategic rneasuTe$ tak¢n to guide the company through this year. The Board recrurf(ed three Members to reflect the recent chan9es in the Company's actNlties, like thg new Eastsrn Angles Cenlre. the Arts Counal's new Strategy for 2020-30, Lef¥ Create, reduced local authority funding and the prospect of further chalenges In the eomin9 years. We were pleased lo welcome Irusteos vAth expertise in markdng, the law 8nd thealre production. All of those report to th• Board and all TN$tee$ 811 on at bast one sub-committee. Th• subsidiary East•m Angles Production Ltd Tegul8rly dellvers its aecounls towards Ihe Theatre Tax Relief thr￿gh Corporatlon Tax and is run to the same standard of procedure and $crul'ny as the main Charity. The Board is curienlty examinlng Its govemance documents, recruitrnent of a new Chair kn 2026 and how to improve indudion for new Iw$tè¢$. Jake Smith, Chief Ex•¢utNt, is appolnted by the trustees to manage the day-to-day operations of the charlty. To facilitate ellective operations, the Chief Executive. has delegated authgrity, bwthin t•ms of dt]tgath approved by the tru¥tee¥, for opefab'onal matters including finanee, employment and artistic perforrnance rtlaled activity. The Chair of the Company and the Chief Executive meet regularty, and the Chièf Exeuthive 18 a3si5ted in the day-tfyday running of the charity by the staff team. The Ea8￿M Any￿ stsff eost represents approximatety one third of the oryanisatvJn's tumover and FeLyle ale recognised as our key resource. The Compony reco9nises the imptsrtance of staff continuous professiona5 developmenl lincludin9 training, mentoring. attending events, Confe￿nceS etcl and a budget has been allocated for thi$ purpose. All staff have 8nnu81 appraisab wilh Ihe Chief ExecutNe at vthich CPD objectwe¥ are identified. The Chief Executive participates in an annual appraisal process with the Chair, and the Board undertake a selFt v￿h reasonable certainty. - Inv•stment Income is Ineluded vthen reedvable. . IbKemlng resourees Irorn Charitab￿ activities are accovnted for when eamed. Box offirA and other income reteived in the current finaneixl yèar, but rèlats.ng to èvénts to b• wrformed after the year end. are Included under credttors on the balance sheet. comin9 resources from grants. where r*ted to perfonnance and spedfic del￿eTable$. are ac¢xJunted for as the charity eams the right to con5idèrnfjon by tts pèrfom)anc•. . IncAxning re90urces from trading activitvès are acerMJntéd for whèn Èamèd. All¢xatioh and apportlenmènt of costs Liabillies are rerjognised as expenditure as 800n as Ih¢re is a kgal w constructive obligab"ot) eommffting the chanty to that expendrture, it is probable that a transfer of eunomic benefits will be required in settlemenl and the amount of the obligation Gan be me?sured relrdbty. Expenditu￿ 1$ accounted for on an accwals basis and has been classthed under headings that aggregate all cost related to the category. ￿￿ere costs ￿nn01 be directly attributed lo parti¢ulai headings they have bèert auoeated to &tivthes on a basis consistentwitt) the use ol resources. Expèndrture ineludès any VAT which cannot be lully recovereil, and is reported as part of the expenditure to which it relates. - Costs of raising funds Comprise the costs Ir￿U￿¢d In gentrrab'ng ￿dIng Ineomtr per Ihe SOFA. Page 18 Continued... tem An les Thea Ltd Note5 to the Financial Statements- continued r the Year Ended 31 March 2025 ACCOUNTING POLKIE8- cgntlnu•d Allocation and apportionment of costs Chaiitable expendituie cornprises those costs inujrred by the Charity in the delvery tsf its •ctNitie$ and services for ils beneficiaries. It includes both ￿sts that can te allocated directty to such actpiities and Ihose ￿sts of an indirect nature necessary to support them_ Govemance c0515 incltyje those ¢0gt$ associated ￿th meeting Ihe constrtutional statutory requirements ol the thaTAy and indude the audit fees and costs linked to tt)e stralegK management of the charity. AII c05t5 are allocated betsveen the expenditure categorie5 of the SOFA on a basls designed to reftect ihe use of the resource. Costs relating lo a parb"eular aclivty are allocatsil direcuy,. others are apportion8d on an appropriate basis e.g. estimated usage, as set out in a gep¥r*• note. Long term I￿* Intangible fixed a$￿t¥ ar¢ m¢a$ured at cost less accum￿at￿e *nortlsalon and any a￿U[W￿l￿￿ impaim)ent losses. Th• l•ase is for a perlod of 100 years. Tanglbb fix•d ass•ts Tangibk fixed a8¥et¥ ¥r• stated at cost less deprecktm. assets wilh a value below £500 are not tapitallsed. Oepreaalion has be￿ ryovided al the trAlowNig rale$ in order lo writ¢ off Ihe assets Iless their expecied residual vaiuel over their estimated useful economic Ives. An annual review of the likdihood of asset impaimient is undertaken_ Leasehold Improvements Office Equiprnent LX and Souftd Equipment Computer Equipment Seating Motor Vehith$ Sits Equrpment 10% - 20% straioht h.ne 10% - 25% straight line 10% strai9ht line 25% straighl line 10QA straight Ilne 25% straight line 10% straight lin• Stocks Work In progress Is valued at Ihe knyer gf cost and nel realisable valu•. Cost Indud•$ all direct expendknre and an appropriate prOport￿n of fixed and vwiabl• oveth•ads. Taxatlon The charity is exempt fr¢m eorporatt.on tax on its charitable adivrt4es. Fund *CeOLmting Unrestricted funds can be used in ￿￿rdance wlh the charitabb objeetw•s at the discrelion of the Injstees. Des￿rtaI*d funds comprtse wresirkted funds that have been ￿ 8SKle by th8 Tnjstèès for pa￿"¢￿L9r purposes. The aim and use ofeath designated fund 1$ s*t cut in th8 notes to the financial ststements. Restricted fvnds can onty be uged for particLdar reslricieil purp05e5 ￿th￿ the objects ol the charity. Rèstrictions aN%e when specified by the donor or when ftJnd$ are raised for particular restrKted purpose3. Further explanation of the n¥tur¢ #r¥J purpose of •ath fund is included in the nG4es to the ffinancial Page 19 conlinued... Eastem An les Theatre Com Ltd Notes to the Financial Statemènts- wntinued for the Year Ended 31 March 2025 ACCOUNTING POLICIES - ¢ontlw•d P•n$Son costs and othor post4•tlr•m•nt b•n•ffts The Charitsble cornpany operates 8 defined contributlDn pension scheme. Contributions payable to the chawitabte wrnpany's pensson scheme are chaiged to the Ststemenl of Finanaal Activities ￿ th• per#)d to whi¢h th¢y rel?te. I)ONATIONS AND LEGACIES 31.3.25 31.3.24 Donations Gr4nt5 Friends and Compani(￿$ 24,525 389,313 11.367 333,918 417 339 Grants rec•ived. ineluded in the above, are as folh)ws.' 31.3.25 31.324 Councll England East Suffolk County Council Norfolk County Couneil Ipswich Borough Council- Rttvenu¢ grant Mid Suffolk District Council Babergh Oi$lrict Council O & H Hampton SLrffolk County CourKil Holiday A￿1￿*￿Au Historic England National Lottery Hgrilagtr Fund SLfftolk Community Foundats" Mid Suffolk Distrkt Counril- Development Grant Babergh District Council- Development Grant Cambridgeshire Cornmunity Fund Future Arts Gentres Ltd Wolsey 550 CIC Arts Council Engla￿1 East- Other 224,457 28,820 224,457 21,420 500 14.SOO 1,000 400 3.035 18,797 8.500 33,309 84,500 4.799 4,600 6,464 14,400 4,800 3.200 2,OQO 1,233 6,000 12.040 389 313 333918 OTHER TRADING ACTIVITES 31.3.25 31.3.24 Other pr(xluctirm income Page 20 ¢onlinued... Easteffl An les Theatre Com an Ltd Notes to the Financia Statement5 - continued for the Year Ended 31 March 2025 INVESThIENT INCOME 31.3.25 31.3.24 Intere31 ￿¢t1¥able- trading 10,006 6,740 INCOME FROM CHARITABLE ACTMTIES 31.3.25 31.3.24 Aebvity Fees and bc+X office re￿Ip￿ Fees and box office r•ceipts Hiring Progr?rnrne and refreshment sale Letting ISJM) Artistle Programme 120,920 59,472 Education and Outreaeh Trading operalion8- Raising Funds 450 12,050 2,930 Tr$din9 opefaioons- Raising Funds Tiadlng operations- Raising Funds 14,112 9,028 19,392 165.497 100.392 CHARITABLE ACTIVITIES C08TS Support Direct costs (see Costs note 71 Totals Artistic Programme Trading operations- Rafjsing Funds 275,894 20,241 343,056 618,950 20,241 296135 639 191 SUPPORT COSTS Govemance costs Martagement Totals Artistfjc Progranme 317377 NET INCC￿E1{ExPEmDlTuREl Net incomellexpenditurel is sLited after chargingllcrediting).. 31.3.25 31.3.24 DepreciBtiortr- owned 889*ts LT Lease amortisatlon Web$tt* amortlsats.on 15,411 1,000 19,054 1,000 Page 21 continued... Eastern An le$ Theatre Com Notes to the Financial Stslemenls - continued for the Yeai Ended 31 March 2025 TRUSTEES. REMUNERATION AND BEMEFITS There wère no trustèts, rnNlMrat￿ or other beneffits for Ihe year eThged 31 March 2025 nor for the ye81 ended 31 March 2024. TnMt•è8' 0xpan￿8 Travel expenses of £272 12024 £2711 were pahl to L Miller £111 to H. Rose. No other T￿￿teeS were paid. 10. STAFF COSTS 31.3.25 31.3.24 Wages arvj salaries SocK81 security costs Other penslon costs 223,707 14,028 233,462 12,793 13,818 249 369 The averagg monthty number ofemployees during the yelr was as follows- 31.3.25 12 31.3.24 14 Total No employee8 receNed tmolumènts n excèss ot £60,000. The key management personnèl tsfthÉ tharity eomprlse the trustees and the Chlef Execulve. 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrtlES In preparing theBe accounts, thtt Trustees have consldered vl)etheT In applying tha a¢countir policie$ required by FRS 102 and the Charthes SORP FRS 102 restatement of comparative items was required. The pol￿￿e$ applied under the prewous accounting frarne￿￿k are not materially thff•rant to FRS 102 and have not impacted luThls or the Statement of Financial Actrviles. 11 IMTANGI8LE FIXED ASSETS LT Lease Website Totsl$ Co$t Al 1 April 2024 Additlons loo,000 100,000 At 31 March 2025 100000 105216 Amortl$allon At 1 April 2024 charge for year 4,000 1,000 4,000 1,159 At 31 March 2025 Net book value At 31 March 2025 95,000 4.057 99.057 At 31 March 2024 96,000 Page 22 continued... Eastem An les Theatrt Com an Ltd Notes to the Financial Statements - continued for the Year Ended 31 March 2025 Il TANGIBLE FIXED ASSETS Leasehold Site improv8m8nls Equipment LX & Sound Sealing Equipn*nt C05t At 1 Awil 2024 Addthons 19,237 74,315 59,292 70.145 5.194 At 31 March 202S 59 292 D•prg¢*tlon At 1 April 2024 Charge for y¢?r 19,237 33.592 59.235 33 53,602 At 31 March 2025 60 000 Net book VI￿¢ At 31 Mareh 2025 24 15,339 Al 31 March 2024 40.723 57 16.543 Motor Computer vehicles equipment Equipment Total$ Cog1 At l April 2024 Additions 15.647 599 39,423 48,346 1,044 326.405 6,837 Al 31 March 2025 39,423 49,390 333 242 D•pr•¢latlon Al 1 Aprfl 2024 Charge for year 15,647 150 39,423 44.312 265,048 At 31 March 2025 39.423 280 459 Not book valuè At 31 March 2025 449 52,783 At 31 Marth 2024 4,034 61,357 14. FIXED A88ET INVE8TMENT8 Unlisted investments Mark•t ¥•lu• At 1 2024 8nd 31 March 2025 Not book value At 31 March 202S At 31 March 2024 Th•re were no invesknent assets outside the UK. Page 23 continued... Eastern An les Theatre Com a Ltd Notes lo the Financial Statements- continued for the Year Ended 31 March 2025 15. STOCK8 31.3.25 31.3.24 Work4ft•progresg 16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Tr8de Ilebtors other debtor¥ Tax Prepayments and accrued ina>rne 5.310 3,000 71,032 14,926 13,113 5.911 87,882 3.495 94.268 110.401 17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade cr8dilors Amounts owÈd to group undertakmg¥ Social security and other taxes VAT Accruals Deferred In¢ome 26,732 18,081 4,736 6,844 103,426 5.660 9.990 96,990 146 957 168,120 18. AIIALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.25 Total funds 31.3.24 Tol funds Unrestricted Restricted fund8 funds Fixed 8ssets InVest￿ntS Current assets CuffTent habi1￿"eS 128,446 23,394 151,840 157,367 414,886 141,783 414,886 146,957 430,512 168.120 401570 419770 419750 Page 24 conts'nued... Eastem An ks Theatre Com Notes lo the Financial Statements - continued for the Year Ended 31 March 2025 19. MOVEAIENT IN FUNDS Net Tran$fers movement befv4een In fund$ fund8 At 31.3.25 Al 1.4.24 Unrestrfcted f￿d* General Fund Artistic Development Fund Deprèrial￿ft *)d Maintenance Fun¢J Premises Fund Dtvebprhent Furbd Access and Inclu&on Fund Swcession FUNI Communrty Engagement Fund A￿llence and Th'9kal Devebpment Fund Environmental Fund R•athirng Communities Fund Easlem Angle5 Centre C4ptsl D•v8Sapment Fund 99,163 49.823 75,135 81,195 20,000 30,066 s,ooo 10,¢100 4,949 1,202 105,314 49,823 175,1351 181.1951 120,0001 30,066 25,000 20,000 110.0001 25,037 25,037 so,000 10,000 50,000 10,000 106 330 106,330 395.419 4,949 1.202 401,570 Restrlcted funds National Lottery H•rrtage Fund Theatres Trust Vvolfson Fund 5,331 19,000 14,1291 800 11.202 18.200 24.331 TOTAL FUNDS 419750 20 419.770 Net movement in lund8, induded in the above are as follows.. Incoming Resources Movement resources expended in funds Unr•strict•d lunds General Fund 839,211 {634.2621 4,949 R•$trlct•d funds National Lottery Herrtage Fund Thèatres Tmst Woifson Fund 14,1291 800 14,1291 800 TOTAL FUNDS 839,211 639 191 20 Page 25 continued... Eastem les Theatre Com Nthes to the Financial Stslements- conlwiued the Year Ended 31 March 2025 19. MQVEMENT IN FuN￿- ¢ontlnu Comparatlv•$ for mov•m•nt In tsnds Nel nTh)vemenl in funds Transfers betsveen lunds Al 31.3.24 At 1.4.23 Unre$trf¢tsd fvnd$ General Fund Arti$lic Developm¥nl Fund Depreckation and Maintenance FuThJ Premises Fund Devek)pment Fund Access and Indusion Fund Covid Reconstrucb"on Fund SLKces¥ion Fund Community Engagernent Fund Audienc¢ and Digtsl D¢v¢h)pmgrrt F￿d 137.865 49,823 75,135 81.839 20,000 15.066 55,000 20,000 158,6651 19, 99.163 49,823 75.135 81,195 20.000 30.066 16441 15,000 (55.000) {15.0001 10.000 5.000 10,000 25.037 25,037 454.728 159,309) 395.419 Roslrfctod funds Nabonal Lottery Heritage Fund Theatres Trust Woifson Fund 5,331 800 5.331 TOTAL FUNDS 474.528 54 778 419.750 Comparative net movement in fvnds. included in the abr>ve are as follows.. Incoming Resources Movement resources expended in fuThJs Un￿strICted fund¥ General Fund Prernises Fund 453,244 1511,9091 644 (58.8651 453.244 1512.5531 159.3091 R•strlet•d funds National Lottery Heritage Fund rh•atr•s Trust Woifson Fund 33,309 127,9781 aoo 5.331 800 TOTAL FUNDS 486,553 541,331 Designatèd funds Eastem Angles mainlains designated reserves tr) ensure the kJng4enn resiliewk and 81Taleglc growth f the organisalion. Thest rèservès are ring-fenctd for specific purposès, ènabling the company to plan ahead, respond to opportunrties. and deliver ils mission sustainably and Tesponsitsly awss the East of England. Page 28 continued... Eastern An s Theatre Com a Ltd Notes to the Financi￿ Si*ements- continued for the Year Ended 31 March 2025 VEMENT IN FUNDS- eontinuod Artlsilc D•v•lopment Fund- £49.823 The ArtistK D&velopmant Fund is Easlem Ang￿s. d8dicated investment In commisslonlng bold, Original work from underrepresented voices and discoverin9 ernerging talent across the East ol EThJland. By supporting new Vrriting and artist4ed projects, the fund helps arnplify diverse perspo¢lv¢$ and se•d innovatNe idea$ that ￿ect Ihe richne55 of our re9itsn. It also strengthens the organisation's ability to plan ahead, ensuring a pipeline of inclusive, arbsticalty ambikn'ous production$ and a¢bvi￿e$ at resonate vrith audienrAs and comrnunibes both hjeally and nationalty. East•m An91￿ C•ntr• Capitsl Developmont Fund B £106,330 This reserve supports Ihe futufft capital development and ongoiThJ improvement of the East•m Angl•s Centre in Ipswich. 11 is inlended to fund upgr8de5. essenlial maintenance, and fu￿re expansion Ihat will enhance the building's aceessibilty, functionality. and sustainability ensuring Ihg Q¢nlre remains a welcoming and wellry8quipped crèative hub for arttsts, audienees, and eommunities. Envlronm•ntsl Fund w £50,OOQ This ig dedi¢*ed to reduclng the enwronmental impact of Eastern Angles. touring and operational wjrk. l* enables Investment In eeo