Theatre Alibi
Unaudited Annual Accounts
Year ended 31 March 2025
CONTENTS
Page
Report of the Board of Trustees
Independent Examiner's Report lo the Members
Statement of Financial Activities
Balance Sheet
9-13
Notes and Accounting Policies
Company Number: 2265919
Registered Charlty Number: 299S65

Annual Accounts
Year ended 31 March 2025
Report of the Board of Trustees
The Board of Trustees submits its directors, report and the unaudited financial statements for the year
ended 31 March 2025.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the
Memorandum and Articles of Association and Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporhng Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January
20151.
Status
The Company was formed on 8 June 1988 as a company limited by guarantee, having no share capital
(Company Registration number 22659191- The governinE document is the Memorandum and Articles
of Association, amended on l October 2021. Under the provisions of Section 30 of the Companies Act
1985 the Company is entitled to omit the word limited from its name.
The Company is a registered charity (number 2995651 and is not subject to Corporation Tax in its
ordinary activities.
Address and Registered Office
Emmanuel Hall
Emmanuel Road
Exeter EX4 IEJ
Trustee5
Emma Hogg (Chair)
Jules Offord
Julia Robinson (TreasU￿rI
Anna Valentine-marsh
Erin Walcon
Objects and activities
Our vision is of a place where all children can explore their creativity and imagination, in a world
where everyone under5tand5 the importance of creativity and imagination to happy, healthy and
fulfilling lives.
Our misslon is to create playful, safe and inclusive spaces where children can explore their creativity
and discover themselves and the world in imaginative way5. Through live performances, engaging
experience5 and hands-on activities, we provide families, schools and communities with creative
ways to inspire and empower their children and young people. We're here to celebrate the power of

imagination and champion the importance of creativity in children's lives. In carrying out these
objects the trustee5 have regard to the Charity Commission guidance on public benefit.
Our Values
Welcoming
Curious
In5pirin8
Joyful
Brilliance
Our achievements in 2024-2025
The first half of the year was focused on the refurbishment of the building funded by Arts Council
England's Capital Grant. The primary objective was to install a black box theatre space in the main
hall that was easy and quick to set up, ensuring that the hall could continue to be used for a variety
of purposes. The ACE grant paid for 3 flexible tiered seating system, blackout tabs and a theatrital
lighting rig, along with a new sound system, projector and remote-controlled screen. It also allowed
us to purchase additional furniture to enhance the upstairs Studio space as well as paying for a new
outomatic door and ramp at the Library entrance which improves accessibility and environmental
sustainability.
We were also delighted to welcome Zero Miles Gardens, a local CIC, to take up residence at
Emmanuel Hall where a well-used and highly productive community garden has blossomed from
bare earth at the stsrt of April.
From September onwards we launched an exciting programme of events and activities, including our
Christmas offer Winterwood.
This immersive and interactive experience- which saw a pirse forest spring to life inside Emmanuel
Hall- was co-created with primary school children throughout the city, and ran throughout
December ènd early Jonuary. Winterwood welcomed 1950 public audience members and 360
children in school groups. We smashed our box office income target, and the feedback from both
audiences and teachers was exceptional.
"I think it was o reolly enriching experiencefor them ond really
ollowed them to See thot uctU1711y ideos that start really small...can
build ond then create something t7mazing. Especially my lowest 20%
attaine￿, children who might not nece55t7rilyfeel very confident
within themselves or their ideas" Partbclpating teacher
"(WinterwoodJ-..was wonderful and completely
exceeded all expectati(Jns. It gifted us the
magic that only reGTI humun interactive
experience ctin give...we oll knew it was
hGrppening in the momen¢ justfor us, euch
performt7nce completely unique. Exactly whot
theatre should be" Audience Member

stsffing Analysis1202312024 figures in bracketsl
Permanent Oirectors Ifulltime equivalentl
Chief Executive
10.81
other employees (fulltime equivalentl
General Manager
Producer Imarketing and Comsl
Producer IProgramme and Productions)
10.61
10.61
In/al
Pay Ratios and Income Equality
Theatre Alibi is committed to men and womerb receiving equal treatment in the terms and conditions
of their employment contrart5. The Board annually reviews the pay policyi which includes all
employees being pald at or above the Living Wage.
Theatre Alibi is not required by legislation to report on the pay gap between male and female
employees, but where a like for like comparison is possible there was no pay differentiol in 2024125.
The differential between Theatre Alibi's lowest and highest paid employees, or Pay Ratio, was 2=3 in
2023124.
Environmental Performance and Progress
We are committed to reducing any negative environmental impacts from our activities. Our
Environmental Policy is updated and reviewed on an annual basis by the Board. The policy is
supported by an Environmental Action Plan, which is communicated to all staff. We continue to work
closely with the Theatre Green Book team as plans for the venue develop and the entire production
process for Winterwood was undertaken to Theatre Greers Book standards.
Capital work undertaken over the first half of the financial year, had a Sustainability Project Manager
attached to it, ensuring that the environmental impact of all changes linclvding suppliers & origin of
products) was a key factor in all our choices.
Financial Review
A5 the second year in our three-year transitional Business Plan. a loss had been forecast for 24-25
and approved by the Board of Trustees in advance, with the knowledge that there were sufficient
funds in our general reserve to cover it. At the end of March 2025 we were pleased to report that the
loss wa5 not so great as that originally forecast, this was thanks to careful financial management as
well as to the Theatre Tax Credit scheme.
We were delighted with our success rate for applications to Arts Council England IICK)%l. As well as
our first time reteiving a Capital Grant, it was also the first time we received a project grant for over
£30,000. The success rate for applications to Trusts ond Foundations was not as high, but the total
income was over seven times more than the previou5 year.
Earned Income across nearly all strands also increased from 2023-24, Ipartly due to the restriction5
on activity for half of 23-24, as part of the terms of the ACE Transition Funding) including income

from our programmed activity, building hire, catering sales, and consultancy work. Naturally this
huge increase in activity led to a correlating increase in direct operational costs. However, support
costs were greatly reduced as the tore staff team wos reduced.
Please note that the sum Df £106,762 Ithe Capital Grant Award from Arts Council England) has been
capitalised on the balance sheet as restricted funds, as per the term5 and conditions of the grant.
Rlsk Revlew
The Board of Trustees has considered the major risk5 to which the company is exposed. Currently the
8reatest of these is reliance on project funding, with no guaranteed core funding. A mitigating factor
is that the new model has the potential to attract a broader range of funders.
A series of Key Performance Indicators, with regular revlew dates are in place to morbitor the planned
fundroising and other income-generating activity.
The Board of Trustees is satisfied that insurance cover and health & safety procedures are in place to
adequately mitigate other risks.
Reserves Pollcy
The Board of Trustees has reviewed the charity's needs for reserves in line with the guidance Issued
by the Charity Commi55ion. Dèsignated funds have been established for the following:
Operational Fund (to cover the cost5 of unforeseen event5,' approxlmately 3 months
operating costs)
Employee Commitment Fund lequal to the contractual redundancy obligatlons of current
permanent employees)
Building Contingerbcy Fund la fund for investment in the building's redevelopment)
The remaining balance of funds 15 held as a General Rese￿e.
Governance and Management
Theatre Alibi is a registered charity and a company limited by guarantee. The Chief Execudve Officer
Is responsible to a Board of Trustee5.
Theatre Alibi undertakes to ensure that all the people with whom the company has contact are
treated fairly and with respect. This includes job appSi¢ants, employees (including freelance
practitioners), volunteers, trustees, participants, venue staff and audience members. Anyone who
works for the compary is encouraged to develop and maximise their true potential irrespective of
age, disability, race, religion or belief, national or ethnic origin, gender reassignment, marital status,
caring re5pon5ibilities, gender and sexual orientation. The company has a Diversity & Equality Policy
and Action Plan, Safeguarding Policy and Action Plan, and Data Protection Policy and Procedures
which are reviewed annually by the Board of Tru5tee5.
Staternent of Board of Tru5tee5' Re5pon51billtles
The Trustees (who are also dirertors for the purpose of company lawl are responsible for preparing
the annual report and financial statements in accordance with applicable law and the United Kingdon
Generally Accepted Accounting Practice (UK GAAPI

Company law and the law applicable to charitie5 in the United Kingdon requires the Trustees to
prepare financial statements for each financial year which give a true and fair view of the state of
affairs of the Company and of the profit and loss of the Company for that period.
In preparing those financial statement5, the Trustees are required to select suitable accounting
policies and then apply them consistently, observe the methods and principles in the Charities SORP,
make judgements and estimates that are reasonable and prudent, state whether applicable
accounting standards have been followed, subject to any departures disclosed and explained in the
financial statements, and prepare the linancial statements on the going concern basis unle55 It is
inappropriate to presume the company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Company and to enable it to ensure that the
finantial 5tatement5 comply with the Companies Act 1985. The Trustees are also responsible for
safeguarding the assets of the Company and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice..
Accounting and Reporting by Charities IFRS1021 and in accordance with the special provisions of Part
Vll of the Compariies Act 1985 relating to small entities.
Approved by the Board of Trustees on 16 September 2025 and signed on its behalf.
Emma Hogg
Chair
Julia Robin50n
Treasurer

Independent examiner's report to the trustees of Theatre Alibi {'the Companv)
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
A5 the charitV'5 trustees of the Company land also its directors for the purposes of company lawl you are responsible
for the preparation of the account5 in accordance with the requirements of the Companies Act 20061'the 2006 Act'l.
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
tarried out under section 145 of the Charitie5 Act 20111.the 2011 Act'l. In carrying out my exarnination I have
followed the Directions given by the Charity Commission under section 145151 Ibl of the 2011 Act.
Independent examlner's statement
Since the Company's gr055 income exceeded £250.000 your examiner must be a member of a body listed in section
145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the
Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed mv
examination. I confirm that no matters have tome to my attention in connection with the examination giving me
cause to believe..
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
3. the accounts do not comply with the accounting requirement5 of section 396 of the 2006 Act other than anv
requirement that the accounts give a 'true and fair view which 15 not a matter considered as part of an
independent examination; or
4. the accounts have not been prepared in accordance with the methods and principle5 of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their
accounts in accordance with the Financial Reportirig Standard applicable in the UK and RepL¢blic of Ireland
IFRS 10211.
I have no concerns and have come across no other matters in connection with the examination to which attention
should b
awn in thi5 report in order to enable a proper understanding of the account5 to be reached.
Paul
teele FCA
Chartered Accountant
18 Newport Street
Tiverton
Devon EX16 6NL

Theatre Alibi
Statement of financial activities
Income and expenditure account
Year ended 31 March 2025
Notes
Unrestrfctsd
General
Designatgd
Restrlcted
funds
Total
2025
Total
2024
Income
Charitable activitle$:
Perfomiances and events
Granls,donalions and commission
Other income
Investment income-
Interest receivable
23,762
158,297
73,085
23,762
263,059
73.085
4,329
203.586
40,545
106,762
2,229
255,373
2.229
362,135
3.519
251,979
108,762
Expendlture
Charltsble activltles
Direct operational costs
Support costs
Redundancy payments
Depreciats'on
93,634
177,722
93,634
177,722
30,778
210.591
24,220
6,999
3,457
26,691
30,148
274.813
26,691
301,504
272,588
Total expendlture
274,813
26,691
301,504
272,588
Net In¢omel expondltur¥ for
the year
Transfers between funds
Net movement in funds
Fund balances brought forlvard
-19.440
80.071
60,631
-20,609
-19,440
41,641
80,071
60,631
135,231
-20,609
155,840
93,590
Fund balance$ Carrled forward
22,201
93,590
80,071
195,862
135.231
The statement of financial activities includes all gains and losses in the year.
There were no acquisitions Dr discontinued operations dunng the current or preceeding year.

Theatre Alibi
Balance sheet
31 March 2025
Notes
2025
2024
Tangible r?xed assets
88.668
2,964
Current assets
Debtors
Cash al bank
Cash in hand
87,013
94,345
718
182,076
23,207
130,111
393
153,711
Credltors
Amounts falling due within one year
74,882
21,444
Net current assets
107,194
132,267
Net ass8t$
195.862
135,231
Re8erve8
Restricted fund
Unreslricled funds
Designated funds
General fund
10
80,071
12
93,590
22,201
93,590
41,641
115,791
135,231
Total income funds
13
195.862
135,231
For the financial year ended 31 March 2025 the company was enitled to exemption from audit under section
477 Companies Act 2006, and no notice has been deposited under section 476.
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records
which comply with section 386 of the Act and preparing accounts which give a true and fair view of the stsle
of affgirs of the company as al the end of the year and of ils profil or loss for the financial year in accordance
with the requirements of section 396 and which olheNise comply wtth the requirements of the
Companies Act 2006 so far as appli¢able lo the company.
Approved by the Board of Trustees on and signed on its behalf
Chair

Theatre Alibi
Annual Accounts
Year Ended 31 March 2025
Notes to the Accounts
Accounting Policies
Basis of Accounting
The financial statements have been prepared in accordance with Accounting and
Reporting by Charities. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Stsndard
applicable in the UK and Republic of Ireland IFRS1021 leffeclive 1 January 2015}
(Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 and the Companies Act 2006.
Theatre Alibi meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless
otherwise stsled.
The Trustees consider that the charity has adequate resources to continue ils
operations for the foreseeable future and accordingly have adopted the going
concern basis in preparing the accounts.
Income
Income is recognised when the charity is enlilled to the funds, any perfomian
conditions have been mel, it is probable that the income will be received and the
amount can be quantified with reasonable accuracy. The following policies are
applied lo particular categories of income..
Incoming resources from theatrical performances and related aclwities are included
when perfor[nan￿$ are carried out and as goods and services are invoiced.
Grants and donations are included when the conditions for receipt are met. Grant
income is delerred when performance related grants are received in advance.
Investment income is included when ￿ceivable.
Where services are provided as a donab'on that would olhefwise be purchased from
suppliers, this contribution is included in the financial statements as incoming
resources with an equivalent amount included as expenditure.
Expenditure
Expenditure is recognised on an accrual basis when a1iability is incurred.
Charitable activities include all expenditure associated with the produ¢lion of
theatrical performances, including both direct and support costs.
Governance costs include those costs associated with meeting the constilulional and
slatulory obligations of the charity, including examination fees.
Rentals payable under operating leases are charged in the stslement of financial
activities on a slfftighl line basis over the lease term.
Creditors are measured al settlement amounts less any trade di￿unIs.
Assets
Tangible fixed assets costing £500 or more are included at cost and are depreciated
by equal annual instalmenls over their estimated useful lives al the following rates'.-
Leasehold improvements
Over the life of the lease
Motor Vehicles
250
Office Equipment
25Yo
Production Equipment
25%
Debtors are measured on initial ￿Cognition at settlement amounts. Subsequendy
they a￿ measured al the cash or other consideration expected to be received.

Theatre Alibi
Annual Accounts
Year ended 31 March 2025
Notes to the accounts
202412025
202312024
Unrestricted
Restri¢t
Vnr8strlct¢d
Restrictsd
2. Grants, donations and commission
Arts Council England. Project grants
Arts Council England. Capital grant
Arts Council England. Transition grant
Exeter City Council
Oevon County Council
Other grants
Theatre Tax Credf(
Donations and sponsorship
68,000
30,000
106,762
143,528
1,500
2.000
33,192
48,609
2,996
4,630
12,083
13,345
156,297
106,762
203.586
3. Other income
Consultancy
Profrl on sale of equipment
Catering sales
Equipment hire and other sales
Employerfs Nl allowance
HI￿ of premises
10,100
17,917
2,653
5,930
5,000
31,485
6,753
3,700
755
2,230
5,000
22,107
73,085
40,545
4. Direct operatlonal costs
Production cost5
Programming costs
Project sundries
Documentation
Evaluation
Freelancer travel and subsistence
Fees and commissions
FOH operating costs
Technical support costs
Catering and merchandise co$ls
Publicity
Motor expenses
10.743
15,936
1,259
450
1,500
1,685
45,531
4,707
555
2,101
6,358
2,809
1,557
3,450
20,914
692
4,165
93,634
30,778
10

Theatre Alibi
Annual Accounts
Year ended 31 March 2025
Notes to the accounts
202412025
202312024
Unre8tr1tted
Re8tr6cted
Unrestrlctsd
Restricted
S. Support costs
Employment ¢osts'.
Core staff salaries
National insurance
Company pension contributions
85,199
7,349
3,146
95,694
2,800
20,951
11,959
18,946
115,137
10,000
5,624
130,761
Fundraising costs
Rent, rates and water
Heat, light and power
Property maintenance and cleaning
Propety refurbishment
Telephone
Postage, stslionery and computer
Company development fees
Consultancy fees
Admin travel and motor expenses
Training and recruitment
Hospitality costs
Insurance
Subscriptions
Accountancy and independent examination
Sundries
20,612
8,869
7,155
11,104
2.201
5,119
7,345
2,583
4,419
3,608
4,812
627
39
72
4,624
381
5,075
1.132
177.722
2,227
1,707
4,545
830
6,625
1,491
210,591
Support costs include govemance costs of £12,00012024.. £12.0001
Governance costs include independent examinerfs fees of £1,60012024'. £1,600)
202412025
202312024
6. Employee infomiatlon
numbor
number
The average number of full-time equivalent employees during
the year was as follows..
Project related personnel
Core staff
Staff costs for the above persons were..
Wages and s81aries
Redundancy payments
Social security costs
Pension Costs
88,917
115,137
24,220
10,000
5,624
7.691
3,146
99,754
154,981
No employee earned rn0￿ than £60,000 per annum12024-nonel
The charity operates a defined conlributuion pension scheme. The contributions to the scheme
are allocated be￿een production and support costs according lo the staff involved.

Theatre Alibi
Annual Accounts
Year ended 31 March 2025
Notes to the accounts
7. Tangible flxed a8$9ts
Lea86hold Productlon
Offi¢•
mprovements equipment 0quipment
Motor
vehlclos
Total
Cost
At 1 April 2024
Additions
Disposals
Al 31 March 2025
75,585
100.579
12,072
14,923
16.295
350
32,437
136,389
115,852
32,437
219,804
32,437
176,164
26,995
16,645
D8pro¢lation
Al 1 April 2024
Charge for the year
Eliminated on disposals
Al 31 March 2025
75,585
25,145
12,072
3,731
13.331
1,272
32,437
133,425
30,148
32,437
131,136
32,437
100,730
15,803
14,603
Net book amount8
Al 31 March 2025
75,434
11,192
2,042
88,668
At 31 March 2024
2.964
2,964
8. Debtor8
2025
2024
Trade debtors
Other debtors
Prepayments and accrued intere81
18,167
1,572
67,274
87,013
2,051
1,927
19,229
23.207
9. Cr•dltorn- amounts falllng duo
wlthln one year
Trade creditors
Tax and social security
Accrued pension contributions
Accruals
Other eredilors
Income received in advance
10.955
5,126
437
6,837
4,414
47,113
74,882
4,029
1,811
6S3
6,625
1,046
7,280
21.444
10. Movements In fund8
At 1 Aprll
2024
In¢orning Outgolng
At31
re8ource• rnsources Tran8fer8 March 2025
R•¥tricted Fund
Designated Funds
Employee Commitment Fund
Building Conlingeney Fund
Development Fund
Capital Equipment Fund
Unrestricted Genèral Fund
106,762
-26.691
80,071
7,306
25,827
18,650
41,807
41.641
135.231
3.626
-20,827
55,099
41,807
3,909
10,932
5,000
73,749
255,373
362, 135
12
-274.813
-301,504
26,110
195,862

Theatre Alibi
Annual Accounts
Year ended 31 March 2025
Notes to the accounts
11. Restricted fund - Grants for flxed assets
Grants for fixed assets are credited to this fund and depreciatDn on the fixed assets
financed with this fvnding is charged to the fund.
12. Designated funds
Employee Commitment Fund
This fund represents reserves set aside lo meet unforeseen costs associated with employment,
for example sickness. maternity and redundancy.
Building Contingency Fund
This fund was set up lo provide for costs associated with the occupation of premises.
Development Fund
This fund 15 to provide means for the company to respond to opportunities not induded in
annual budgets
Capital Equipment Fund
A fund to provide for the replacement of capital equipment
13. Analysis of net assets betweBn funds
Tangible
rixed
assets
Net
current
assets
Total
Restricted fund
Unreslricled funds..
Employee Commitment Fund
Building Contingency Fund
Development Fund
Capital Equipment Fund
General reserve
80,071
80.071
10,932
5,000
73,749
10,932
5.000
73,749
8,597
17,513
26,110
88,668
107,194
195,862
14. Commitments under operating leases
At 31 March 2025 the company had annual commitments of £20,000 (2024.. £20.0001 under
non-cancellable operating leases expiring be￿een and five years in respect of land and buildings.
15. Contingent asset
The company is enlilled to make claims for Theatre Tax Credit under the Theatre Tax Relief legislation.
Claims are outstanding for the year ended 31 March 2024. This claim is expected
to yield about £10,000 for the year and is dependent on negotiation with HMRC.
16. Related Party Transactions
During the year, payment of expenses to Trustees for attending meetings amounted lo £nil12024'. nil)
There have been no other related paty transactions.
17. Theatre Alibi Is a company limited by guarantee, incorporated in England and Wales (number 2265919}
Registered office." Emmanuel Hall, Emmanuel Road, Exeter EX4 1 EJ
13