REGISTERED COMPANY NUMBER: 02163378 (England and Wales) REGISTERED CHARITY NUMBER: 298436
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 March 2025
for Prime Theatre
Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
Prime Theatre
Contents of the Financial Statements for the Year Ended 31 March 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 16 |
Prime Theatre (Registered number: 02163378)
Report of the Trustees for the Year Ended 31 March 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
As set out in the charity's governing document the charity's objectives are:
To promote, maintain, improve, and advance public education, appreciation and understanding of the arts, particularly by the formulation, preparation, establishment and production of educational plays, festivals and production.
The principal activity of the charity is a theatre company. The charity uses the medium of drama to educate young people about social issues which directly affect their lives.
Public benefit
The trustees have paid due regard to the Charity Commission's guidance on public benefit in deciding what activities the charity should undertake. The trustees consider that they have acted in the public benefit.
Prime Theatre advances education, understanding, inclusion and artistic skills development though the making of theatre. By specialising in theatre and theatre-making projects for children and young adults, Prime Theatre celebrates, inspires and challenges young people to secure the best possible future for us all. We give voice to a major and often-unheard section of our society and work to promote their health and happiness.
ACHIEVEMENTS AND PERFORMANCE
This was second year of Prime's re-appointment to Arts Council England's National Portfolio with a 135% uplift in funds. We used this increase to invest large scale in Swindon's young people through an expansion in Youth Theatre through subsidy and the creation of Swindon's first ever town-wide youth arts festival: Signal Festival.
Prime continues to deliver all its charitable objectives and spent more strategic energy planning an intended transformation into Prime Arts to increase charitable impact, reach, partnership opportunities and economic growth. We continue to work towards a world in which young people have faith in themselves and their artistic contributions and those in power equally value them and their civic contribution.
Governance
Leadership at Prime beyond the core staff team sits with the volunteer board of trustees. Three long standing trustees left in this year - Children's author Jamila Gavin and Erin Fletcher and Jacob Tyrell who became trustees after being member of Prime Youth Theatre. Erin stood down when appointed as one of the team of Young Producers who designed and delivered Signal Festival. We thank them for their insight, energy and input. Prime is grateful to all trustees and volunteers for their collective vision, commitment and contribution to creative education.
Swindon
Prime contributes annually to the important national role of youth theatre and youth voice, but we remain rooted and committed to the communities of Swindon. We know that with care, creativity & confidence our young people overcome Swindon's many economic and cultural challenges. These details are listed in the excellent Wiltshire Needs Analysis from the Wiltshire and Swindon Community Foundation. This insightful evaluation of data and challenges influences our programme. It's a pleasure to make a difference on our doorstep with both cultural and civic partners.
We worked again in a commissioning relationship with Swindon Borough Council's Children's Services to train, educate and mentor priority groups: Care Leavers, Looked After Children, Youth Justice groups, Disabled Young People and those Not in Education, Employment or Training (NEET). We're pleased to be in strategic partnership with the local authority when many other councils have withdrawn income for creative and cultural activities. Prime uses arts as a social and personal development tool as well as a method of expression and influence. Our work with Swindon Borough Council makes a huge difference to the younger generations of our town, present and future.
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Prime Theatre (Registered number: 02163378)
Report of the Trustees for the Year Ended 31 March 2025
National Contribution
This was our 6th year as a National Good Practice Centre for Arts Award qualifications. 1000+ young people enjoyed a series of developmental projects, 1-2-1 mentoring and Arts Award qualifications at all levels - from introductory level to university entry point. The ever-increasing partnerships we use to deliver Arts Award benefit a wide diversity of young people, their interests, skills and lived experience. These accredited and accessible qualifications improve both education and employability prospects for Swindon's young people. We share our learning with others across the country using Arts Award to improve the prospects of young people.
We continued to work with London-based Company 3 to deliver Raising the Game; online free training for emerging and established practitioners online and in person. We also secured Strategic Funds from Arts Council England to be one of 6 youth theatre behind The Youth Theatre Census 2024. This first national survey of youth theatre since 20111 shows the incredible range and scope of youth theatre, its importance to young people and the impact it has on their lives. 414 youth theatre groups contributed to this survey and its results attracted headlines and further support from government. The census began the creation of new national development body for youth theatre: Youth Theatre Together. Prime staff and our young people remain at the centre of this planning, administration and testing.
Prime also represented English youth theatres at the European Buzz Conference.
Youth Theatre training:
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Weekly workshops and rehearsals continued for Prime Youth Theatre's emerging artists. This year included residentials, performances and holiday projects
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Members (and other emerging artists) benefited from our fourth year of LAMDA's Pathways Programme encouraging young creatives into formal training with free workshops/auditions
Productions & Artistic Output:
Prime Youth Theatre performed 'Grimms Tales by Philip Pulman' at Swindon Arts Centre. This was the largest investment in youth theatre (with no additional fees to participants) that Swindon had seen in 5 years. The production also launched the Signal Festival
The Order of the North Star by Mike Akers was funded by the GWR Community Fund and played at STEAM Museum of Railway Life for over 500 young people. This play explored the scientific and social change pioneered by Brunel's railway works and village in Swindon and challenge primary pupils (one class at time) to apply such vision to their own lives and communities.
Meet Mrs Smith was an actor-in-role interaction for communities in Swindon's Railway Village Museum. Mrs Priscilla Smith welcomed visitors to her 1901 terraced house and through detailed research and song (using her own euphonium) brought this Victorian railway community to life.
We provide the creative teams behind another series of National Trust podcasts dramatizing young people in history and employing professional actors who trained with Prime Youth Theatre.
Young people from Swindon's Youth Justice team contributed to a new verbatim script dramatising their own experiences with county lines and knife crime.
Education and Community Programme:
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We programmed a second year of STEM to STEAM (Science, Technology, Engineering, Arts and Maths) events with the Swindon Science Festival delivering public workshops in the science of lighting and sound in theatre
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We continued supporting Tangle African Caribbean Theatre working with emerging artists from the global majority - We ran more writing, design and performance projects with Kelmscott Manor (William Morris's summer home) for young people in care
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We worked with South Swindon Parish Council to offer more free arts and heritage activities in Swindon's historic Town Gardens - placing Young Queen Victoria in the park to engage with school and youth groups
Signal Festival:
Prime used monies from the Listening Fund to consult, employ and empower Swindon's young artists to design and deliver this first major festival celebrating youth talent and artistic achievement. Prime acted as a central hub encouraging and convening cultural partners across 7 strands: dance, theatre, music, digital, words, visual arts and heritage. 18 partners delivered 70 events over a 2-week period - platforming and offering free opportunities to over 4,000 young people through workshops, exhibitions, showcases and performances across the town; inside, outside and online.
Access for All
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We continued to provide free and discounted access to our programmes thanks to a multiplicity of trusts and foundations
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We extended our bespoke offer for young people with moderate learning disabilities thanks to continuing support from Children in Need. This strand has its own Prime Youth Theatre group, performance and inclusive holiday activities
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Prime Theatre (Registered number: 02163378)
Report of the Trustees for the Year Ended 31 March 2025
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We supported a wider range of young people and emerging artists in making their own applications to funders, increasing resource and aspiration for our town
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We worked with Voluntary Action Swindon and Swindon Mentoring for Young People to create an ongoing free to access Youth Voice programme for creative young from vulnerable groups.
FINANCIAL REVIEW
Financial position
At 31 March 2025, total funds were £399,528.
Designated Funds remain held at agreed levels to meet any appropriate redundancy costs and fees related to any business closure.
Reserves policy
The trustees are committed to building reserves that would enable the charity to fulfil its obligations, statutory and otherwise, in the event of a cessation of operations. At 31 March 2025 the trustees had designated funds of £75,000 to meet this objective. A designated fund of £7,556 has also been made for emergency replacement of equipment and programming contingency. Total unrestricted funds were £351,507 which includes £67,485 of tangible fixed assets. The amount of free reserves held (excluding restricted funds, designated funds and tangible fixed assets) are £201,466. These funds are in excess of our policy. The trustees acknowledge that with the proposed development of a new cultural quarter in Swindon the charity may need to move premises. These excess reserves will allow the charity to cover the financial costs of any move.
Going concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
Day to day management of the charity's affairs is delegate to the Management Team, comprising professional advisors and administrators.
Induction and training of new trustees
The charity provides an induction pack and appropriate training for new trustees.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
In satisfaction of this responsibility, the charity has prepared a Three Year Plan that identifies issues, many of them financial, which might impair the fulfilment of the charity's objectives, unless countered successfully. The Three Year Plan is reviewed annually.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02163378 (England and Wales)
Registered Charity number
298436
Registered office
The Wyvern Theatre Theatre Square Swindon SN1 1QN
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Prime Theatre (Registered number: 02163378)
Report of the Trustees for the Year Ended 31 March 2025
Trustees
E Carter J E Gavin (resigned 1.5.24) S Hodge P Horwat J Tyrrell (resigned 27.8.24) E M P Fletcher Rowbotham (resigned 24.4.24) N R Capstick L K Goulden Miss A L Batty (resigned 20.10.25) Miss J Bennett G E Leighfield (appointed 20.10.25) M A Newton (appointed 20.10.25) B L C Seymour (appointed 20.10.25)
Independent Examiner
James Gare Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
Approved by order of the board of trustees on 10 December 2025 and signed on its behalf by:
N R Capstick - Trustee
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Independent Examiner's Report to the Trustees of Prime Theatre
Independent examiner's report to the trustees of Prime Theatre ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
James Gare
Monahans Chartered Accountants Hermes House Fire Fly Avenue Swindon Wiltshire SN2 2GA
12 December 2025
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Prime Theatre
Statement of Financial Activities for the Year Ended 31 March 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3 230,548 Charitable activities 6 Professional performances 30,549 Youth Theatre 13,464 Outreach & education 9,834 Other trading activities 4 3,686 Investment income 5 962 Total 289,043 EXPENDITURE ON Charitable activities 7 Professional performances 42,008 Youth Theatre 122,678 Outreach & education 126,114 Total 290,800 NET INCOME/(EXPENDITURE) (1,757) RECONCILIATION OF FUNDS Total funds brought forward 353,264 TOTAL FUNDS CARRIED FORWARD 351,507 |
Restricted funds £ 49,866 - - 1,973 - - 51,839 47,812 19,267 84,802 151,881 (100,042) 148,063 48,021 |
2025 Total funds £ 280,414 30,549 13,464 11,807 3,686 962 340,882 89,820 141,945 210,916 442,681 (101,799) 501,327 399,528 |
2024 Total funds £ 375,084 15,439 6,622 18,734 603 825 417,307 101,488 53,997 178,558 334,043 83,264 418,063 501,327 |
|---|---|---|---|
The notes form part of these financial statements
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Prime Theatre (Registered number: 02163378)
| Balance Sheet 31 March 2025 Notes FIXED ASSETS Tangible assets 14 CURRENT ASSETS Debtors 15 Cash at bank and in hand CREDITORS Amounts falling due within one year 16 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 18 Unrestricted funds Restricted funds TOTAL FUNDS |
2025 £ 67,485 17,205 331,017 348,222 (16,179) 332,043 399,528 399,528 351,507 48,021 399,528 |
2024 £ 98,769 48,900 374,428 423,328 (20,770) 402,558 501,327 501,327 353,264 148,063 501,327 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 10 December 2025 and were signed on its behalf by:
N R Capstick - Trustee
The notes form part of these financial statements
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Prime Theatre
Notes to the Financial Statements for the Year Ended 31 March 2025
1. STATUTORY INFORMATION
Prime Theatre is a charitable company limited by guarantee, without share capital, incorporated in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office address can be found in the Trustees' Report.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest pound.
There are no significant areas of judgements or key sources of estimation uncertainty.
Going Concern
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken exemption from preparing a cash flow statement under the charities SORP (FRS 102) as the charity constitutes a small charity.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Stage and office equipment - 20% on straight line basis Motor vehicles - 20% on straight line basis
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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Prime Theatre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
2. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Financial risk management
The charity has minimal exposure to customer credit risk, liquidity risk and market risk. Please refer to the risk section of the trustees annual report for information on how risks are managed. The charity does not have any non basic financial instruments.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
3. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Arts Council England Other grants Swindon Borough Council Wiltshire Community Foundation Children in Need Listening Fund South Swindon Parish Council British Museum GWR Community Fund |
2025 £ 1,738 278,676 280,414 2025 £ 217,555 6,975 19,300 19,875 14,971 - - - - 278,676 |
2024 £ 4,415 370,669 375,084 2024 £ 217,555 5,000 19,300 9,975 14,761 41,000 6,368 5,460 51,250 370,669 |
|---|---|---|
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Prime Theatre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
4. OTHER TRADING ACTIVITIES
| 2025 £ Other income 3,686 5. INVESTMENT INCOME 2025 £ Deposit account interest 962 6. INCOME FROM CHARITABLE ACTIVITIES 2025 Activity £ Professional productions - ticket sales and other income Professional performances 30,549 Youth Theatre activities - workshop and other income Youth Theatre 13,464 Professional productions - ticket sales and other income Outreach & education - Outreach & education activity - workshops and other income Outreach & education 11,807 55,820 7. CHARITABLE ACTIVITIES COSTS Support Direct costs (see Costs note 8) £ £ Professional performances 22,700 67,120 Youth Theatre 41,744 100,201 Outreach & education 60,957 149,959 125,401 317,280 8. SUPPORT COSTS Governance Management costs £ £ Professional performances 66,717 403 Youth Theatre 99,460 741 Outreach & education 148,878 1,081 315,055 2,225 9. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): 2025 £ Depreciation - owned assets 33,787 Accountancy and Independent Examination 2,225 |
2024 £ 603 2024 £ 825 2024 £ 15,439 6,622 240 18,494 40,795 Totals £ 89,820 141,945 210,916 442,681 Totals £ 67,120 100,201 149,959 317,280 2024 £ 33,278 1,965 |
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Prime Theatre
Notes to the Financial Statements - continued
for the Year Ended 31 March 2025
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.
11. STAFF COSTS
| Wages and salaries Social security costs Other pension costs |
2025 £ 183,886 11,796 3,824 199,506 |
2024 £ 144,687 9,561 2,733 156,981 |
|---|---|---|
Key management personnel for the charity comprises the Chief Executive and the trustees. The total employee benefits for key management personnel of the charity were £63,718 (2024 - £64,428).
The average monthly number of employees during the year was as follows:
| Management team Artists Creative Arts and Arts admin assistants |
2025 2 1 1 4 |
2024 2 1 1 4 |
|---|---|---|
No employees received emoluments in excess of £60,000.
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 236,270 Charitable activities Professional performances 15,439 Youth Theatre 6,622 Outreach & education 18,734 Other trading activities 603 Investment income 825 Total 278,493 EXPENDITURE ON Charitable activities Professional performances 98,050 Youth Theatre 11,191 Outreach & education 147,559 Total 256,800 NET INCOME 21,693 RECONCILIATION OF FUNDS Total funds brought forward 331,571 |
Restricted funds £ 138,814 - - - - - 138,814 3,438 42,806 30,999 77,243 61,571 86,492 |
Total funds £ 375,084 15,439 6,622 18,734 603 825 417,307 101,488 53,997 178,558 334,043 83,264 418,063 |
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Prime Theatre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
| 12. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| £ | £ | £ | |||
| TOTAL FUNDS CARRIED FORWARD | 353,264 | 148,063 | 501,327 | ||
| 13. | GOVERNMENT GRANT INCOME | ||||
| Arts Council England | 2025 £ 217,555 |
2024 £ 217,555 |
|||
| Swindon Borough Council | 19,300 | 19,300 | |||
| There were no unfulfilled conditions or other contingencies attached to these grants. | The charity has not directly | ||||
| benefited from any other forms of government assistance. | |||||
| 14. | TANGIBLE FIXED ASSETS | ||||
| COST | Stage and office equipment £ |
Motor vehicles £ |
Totals £ |
||
| At 1 April 2024 | 174,732 | 36,200 | 210,932 | ||
| Additions | 2,503 | - | 2,503 | ||
| At 31 March 2025 | 177,235 | 36,200 | 213,435 | ||
| DEPRECIATION | |||||
| At 1 April 2024 | 100,543 | 11,620 | 112,163 | ||
| Charge for year | 26,539 | 7,248 | 33,787 | ||
| At 31 March 2025 | 127,082 | 18,868 | 145,950 | ||
| NET BOOK VALUE | |||||
| At 31 March 2025 | 50,153 | 17,332 | 67,485 | ||
| At 31 March 2024 | 74,189 | 24,580 | 98,769 | ||
| 15. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Trade debtors | 2025 £ 884 |
2024 £ 42,561 |
|||
| Other debtors | 12,513 | 1,784 | |||
| VAT | - | 1,193 | |||
| Prepayments and accrued income | 3,808 | 3,362 | |||
| 17,205 | 48,900 |
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Prime Theatre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Social security and other taxes VAT Accrued expenses 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted funds £ Fixed assets 67,485 Current assets 300,201 Current liabilities (16,179) 351,507 18. MOVEMENT IN FUNDS Unrestricted funds General fund Designated fund - core costs and redundancy costs Designated fund - Emergency replacement of equipment and programming contingency Restricted funds Inclusive Youth Theatre - Children in Need Wiltshire Community Foundation Young leaders Listening fund ACE English Youth Theatre Census GWR Community Fund Science Richard Jefferies Project Arts Award TOTAL FUNDS |
Restricted funds £ - 48,021 - 48,021 At 1.4.24 £ 270,708 75,000 7,556 353,264 15,390 4,975 7,057 64,829 8,000 47,812 - - 148,063 501,327 |
2025 £ 4,297 1,032 10,850 16,179 2025 Total funds £ 67,485 348,222 (16,179) 399,528 Net movement in funds £ (1,757) - - (1,757) 9,306 (1,525) (7,057) (64,829) (8,000) (47,812) 15,465 4,410 (100,042) (101,799) |
2024 £ 7,688 - 13,082 20,770 2024 Total funds £ 98,769 423,328 (20,770) 501,327 At 31.3.25 £ 268,951 75,000 7,556 351,507 24,696 3,450 - - - - 15,465 4,410 48,021 399,528 |
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Prime Theatre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
18. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Inclusive Youth Theatre - Children in Need Wiltshire Community Foundation Young leaders Listening fund ACE English Youth Theatre Census GWR Community Fund Science Richard Jefferies Project Arts Award TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Designated fund - core costs and redundancy costs Designated fund - Emergency replacement of equipment and programming contingency Restricted funds Inclusive Youth Theatre - Children in Need Wiltshire Community Foundation Young leaders Youth Wellbeing Officer - Postcode lottery Listening fund Youth Wellbeing Officer - TNL Community Fund ACE English Youth Theatre Census GWR Community Fund TOTAL FUNDS |
Incoming resources £ 289,043 14,991 - 5,000 1,973 10,000 - 15,465 4,410 51,839 340,882 At 1.4.23 £ 241,571 75,000 15,000 331,571 7,081 - 3,811 25,000 41,000 9,600 - - 86,492 418,063 |
Resources Movement expended in funds £ £ (290,800) (1,757) (5,685) 9,306 (1,525) (1,525) (12,057) (7,057) (66,802) (64,829) (18,000) (8,000) (47,812) (47,812) - 15,465 - 4,410 (151,881) (100,042) (442,681) (101,799) Net movement At in funds 31.3.24 £ £ 29,137 270,708 - 75,000 (7,444) 7,556 21,693 353,264 8,309 15,390 4,975 4,975 3,246 7,057 (25,000) - 23,829 64,829 (9,600) - 8,000 8,000 47,812 47,812 61,571 148,063 83,264 501,327 |
|---|---|---|
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Prime Theatre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
18. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Designated fund - Emergency replacement of equipment and programming contingency Restricted funds Inclusive Youth Theatre - Children in Need Wiltshire Community Foundation Young leaders Youth Wellbeing Officer - Postcode lottery Listening fund Town Gardens project Youth Wellbeing Officer - TNL Community Fund ACE English Youth Theatre Census British Museum GWR Community Fund TOTAL FUNDS |
Incoming resources £ 278,493 - 278,493 14,761 4,975 5,000 - 41,000 6,368 - 10,000 5,460 51,250 138,814 417,307 |
Resources Movement expended in funds £ £ (249,356) 29,137 (7,444) (7,444) (256,800) 21,693 (6,452) 8,309 - 4,975 (1,754) 3,246 (25,000) (25,000) (17,171) 23,829 (6,368) - (9,600) (9,600) (2,000) 8,000 (5,460) - (3,438) 47,812 (77,243) 61,571 (334,043) 83,264 |
|---|---|---|
Designated funds:
Core costs and redundancy costs - a fund has been set up to designate 3 months of core costs plus redundancy costs.
Emergency replacement of equipment and programming contingency - a fund has been set up to designate . costs for the emergency replacement of equipment and programming contingency.
Restricted funds:
Youth theatre - various donations received to help young people take part in youth theatre including funding from Children in Need for inclusive youth theatre.
Youth Wellbeing Officer - Funding from TNL Community fund & Postcode Lottery for a new Youth Wellbeing Officer to give mental health support to Young People across our projects
Listening Fund - Funding to creative leadership opportunities for young people within the creative sector
Town Gardens Project - Funding from South Swindon Parish Council for events & food in the Town Gardens for those within their priority groups
GWR Community Fund - To engage children and young people with Railway history
Science Richard Jefferies Project - In development to celebrate Swindon's Victorian naturalist and creative writer.
Arts Award - Wiltshire Community Foundation Arts Award Programme for vulnerable young people.
ACE English Youth Theatre Census - Strategic Funds for this research
Young leaders - Matched fund to compliment the development of the Signal Festival
Wiltshire Community Foundation - Wiltshire Community Foundation Police and Crime Commission County Line project with Youth Justice
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Prime Theatre
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
19. EMPLOYEE BENEFIT OBLIGATIONS
The charity operates a defined contribution pension scheme. The costs for the period was £3,824 (2024: £2,733). At 31 March 2025, overpaid contributions of £1,847 are due to be refunded (2024: £1,748 debtor).
20. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
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