Charlty registratlon number 501935
Company reglstrntlon number 01077617 (England and Wales)
DUKES PLAY HOUSE LIMITED (THE)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

DUKES PLAY HOUSE LIMITED (THE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
R Gauld
T J Booker
M J Collins
G E Murphy
W P Bancroft
S Chadwick
AECOX
S Thomberry
Secretsry
C Lawson
Charity number
501935
Company number
01077517
Prfnclpal address
The Dukes
Moor Lane
Lancaster
United Klngdom
LA1 1QE
R•g1St•r￿ offlce
The Dukes
Moor Lane
Lancaster
Unfted ￿'r￿jd0rn
L41 1QE
Audltor
2ets Audit Services
Fleet House
New Road
Lanoster
Unit8d Kingdom
LA1 1EZ
Bankers
Natvvest Bank
68 Church Street
Lancaster
United Kingdom
L411LN
Solicitors
Holdens
2 Castle Hill
Lancaster
United Kingdom
LA1 1YR

DUKES PLAY HOUSE LIMITED (THE)
CONTENTS
Page
Trustees, report
Statement of trustees. responsibilities
Independent auditor's report
8-10
Statement of finandal activities
Balance sheet
13
Statement of cash flows
14
Notes to the financial statements
15-31

DUKES PLAY HOUSE LIMITED (THE)
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
REPORTTO THE COMMIThEE OF MANAGEMANT FOR THE YEAR ENDED 31 MARCH 2024
The commlttee of management, who are directors of the company and truste88 of the charity, present their annual
report on the affairs of the charity, together with the financial ststements and audltors, report for the year ended 31
March 2024. This ￿port has been prepared in accordance ￿1th the provisions applicable to small cOm￿nieS
entiued to the Small companies, exemption.
Structure, governance, and management
Dukes Play House Limlted {The) (referred to either as 'The Dukes Playhouse" or "The Dukes" throug1￿Ut these
financial statements) is a company limited by guarantee incorporated under the Companies Act under company no.
1077517 and is governed by the Memor8ndum and Artides of Association dated 19th October 1972 88 amended
dated 21 January 1999, 6 September 2005, 7th November 2017. 18th October 2018 and 21st November 2022.
The company Is also a registered charity, charity no. 501935 and operates on 8 not-for-profit basis.
Its registered office is The Dukes Playhouse Ltd, Mcor Lane. L8ncaster. LA1 1 QE. Its princip81 operating address is
The Dukes, Moor Lane, Lancaster, LA1 1 QE.
The company is governed by the Board of Trustees fBoardl 8$ Directors of the company. Board members a
appK)inted by the committee by simple majority. There are a maximum of 12 Trustees who may serve a maximum
temi of 4 years and then reappointment for 4 years. All are independently appointed members. Representatives of
the major funders ar8 invited to attend Board meetings.
The regular Lycle of Six fonnal m88tings was maintained with an addltlonal slx subcommittee meetirys to oversee
Finance.
The Board is responsible for the overall policy and scrutiny of the financial perfomianc8 of the organisation. The
Board ensures the accountability to key fund8r8 and stakeholders and the appointment of the DirectorlCEO and pay
and remunerab'on of the DirectorlCEO.
The day-tOThday management of the company is delegated by the Board to the Director overseeing the senior
management team of Head of Finance, Head of Marketing & Sales, Head of Creative Communities, Head of Fllm,
Head of Technical & Production, Talent Development and Programme Manager and Head of Visitor Experience.
Objectlves and actlvltias
Revlew of the Year
The Dukes, Mlsslon
To bring the best in live performance and cinema to th8 communities of Lancashire in our venue and other spaces.
To create and actively support the opportunities for communltles, individuals. and artists to develop their own
creative work and Its delivery.
The Dukes, Vlslon
The Dukes creates and present8 a div8r88 collection of storytelling through a range of art fomis that delivers
excellence. inspiration, and challenge. The Dukes is a catalyst for communities. individual8, and artists to develop
their own ueativity and practice. The Dukes is a place of cultural leadership and imaginative conversation.

DUKES PLAY HOUSE LIMITED (THE)
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and performance
Artistic and Audience Development
The Dukes continues to develop its artistic programme and grow audiences through our own programmes and
partnership working.
Our key achievements over the last financial year include..
Welcoming over 70k audiences to film or a live performance both at the Dukes and off-site events across
Lancaster and Morecambe.
Our perfonnance programme saw a total of 1,213 events.
Our Play in the Park show saw audiences totsling 9.888 with 40% being visitors from outside the dislrict.
Co-dellvered Llght Up Lancaster in p8rtnershlp wlth Lancaster BID and Lancaster Clty Coundl which
brought intemational artists to Lancaster.
Continuing tmo new film festivals, Dark Dukes and Green Screen with audiences of over 5,500 enjoying
films, workshops, talks and themed activities. We partnered with the BFI to offer film makers opportunities.
Sunset Screenings returned to Williamson Park with total audiences exceeding 1,000.
Launching our first Family Fest. with workshops and family screenings over two ￿￿eks.
Our new cinema programmes including food and film. film quiz, film talks and continued to work with LA1
Shorts film festival.
Blast Fest our new work festival supporting North INest based artists was launched and commissioned 6
artists to create new work. Over 130 people attended a free sharing at the Dukes.
Lancaster Playwriting Prize in partnership with Lancaster University had saw entries from 2 age categories
under 18, winners received prizes valued at £1500 and sharings of their work by professional actors.
Partnering with our first Creative Collaborator cornpany One Tenth Human as a part of an 18-month support
programme.
Supporting 30 artists locally with space for R&D and exhibitions space free of charge.
This year saw our best attended Christmas Production - A Christmas Carol, with audiences totaling 13628
across 55 perfomiances. It also saw the show well received by audiences and critics alike, with praise for
innovative set design 8nd exc8I18nt storytelling.

DUKES PLAY HOUSE LIMITED (THE)
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
The Dukes is an audlence focused organisation. making the arts and creativity available and aCC￿￿ble to all
members of our community. and dev81oping a diverse and highly engaged audien￿ base. INe achieve this through
long-tenn committed community engagement, and strategic marketing communications, and creating a range of
access points for people to take a joumey V¥ith us from participating in a session, through to attending a film or
show, through to creating VK•rk. We are working to reach deeper into our communities and position the Dukes as a
key cultural asset and talent hub for Lancasterlmorecambe.
In 23r24 we:
Supported young people to explore creative careers in partnership with Lancaster Universty through our
MAKE programme and Memorandum of Agreement
completing paid and volunteer intemships,
placements, and yearlong programme. Many have now gone on to secure full time roles in the creative
sector, education. the third sector and business.
Welcomed 64 schools to performantss and clnema at the Dukes.
Had 13,000 partiapations across 430 Creative Communities sessions induding young carers, older people,
schools. students and young people across Lancaster and Morecambe.
Continued our successful partnership with Lancaster City Council and Arts Councll England as core
funders.
Secured funding for 3 years for Prime Time, our working with older people.
Delivered 40 weekly Young Company workshops for over 90 local young people (aged 8-21).
Staged a Youth Theatre production of The Dream Collector involving around 50 young people (aged 8-18)
perfomiing to around 220 audience members
includlng an invited dress rehearsal for vulnerable
communities includlng young carers, S.E.N pupils and older p80ple with health issues.
64 schools attended our production of 'A Christmas Carol, this winter.

DUKES PLAY HOUSE LIMITED (THE)
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Financlal review
Organlsatlonal Development
We experienced an imF(*rtant change in leadership durlng the year. with Karen O'Neill stepping down as Chief
ExecutivelDirector in November 2023. to take up the role of Executive Director at HOME in Manchester. Karen
guided the organisation through a challenging period induding the pandemic and Ive are grateful for her strong and
dedicated leadership during this time. Karen was su￿Reded in January 2024 by Chris Lawson. Chris joined the
organisation after leadership roles at the Almeida Theatre in London, Oldham Collseum, and Traverse Theatre
in Edinburgh.
We also welcomed new trustees who brought a range of skllls In education, local government. technology, theatre
direction, research and public health. As ever, V￿ are grateful to our retiring trustees who have ccntributed
enomiously to the organisation. This was also the first year of our streamlined govemance, with the trustees also
appointed as the members of the charlty. Our thanks to the retired members who similarly gave their time and
commitment to the Dukes.
The advent of the Eden Project in the comirKJ years is an important moment to strengthen the city's attractiveness
for visitors. In 2023124, we began an ongoing pro*ss looklng at options for renewing and modernising the Dukes
buildings, which are currently leased from Lancaster City Council. We want to improve our customer experience,
access for people with disabilities. reduce our environmental perfomance, and ensure a resilient and vibrant
cultural ￿ntre for fijture. Vle look forward to playing a meaningfvl role in the district's visitor and cultural offer as
vital attraction for local people as well as growing numbers of visitors to the dlstrlct.
Vve enjoy a very positive retationship with our stskeholders, Lancaster University, Arts Council Ergland, and
Lancaster Cty Council. i*Ve value their support and partlcularly the ongoing financial backing the Ccxjncil provides
despite the constralnts on local authorFty financ*s.
The trustees are very grateful to the staff team, whose energy and abilities underpin our achievements. We are also
grateful to our dedicated volunteers for their vital work.

DUKES PLAY HOUSE LIMITED (THE)
TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure* governance and management
The Year Ahead
The Duke5 is looking forward to 2024125 and beyond with a renewed sense of focus and determination to move
forward. Vle are renewing our programming model with even more opportunitie5 for audiences to experience the
best in touring theatre, build on the sUc￿$S of our film festivals and screenings, and further embed our work with
local communities and the creative sector. Recognising the challenges in sustsining and growing audiences, we are
confident that our refreshed programming model will allow us to build even more audience loyalty whilst operating
even more efficiently.
Trustse Inductlon and Tralning
All Trustees are given a complete welcome pack including information on the Organisational Plan, information of the
Trust's work and achievements, copies of the Artides of Association, key organisational policies. Charity
Commission - The Essential Trustee- What You Need To Know and a skill and contact audit. All Trustees are invited
to meet the Director and have a tour of the building.
Risk Management
The trustees have documented processes in place for review and manage risk, including Scrutiny by the Finance
and Audit Committee. These include clearly delegated Financial Authorities, Buslness Continuity Planning, and
finanaal reporting. A regular risk assessment is carried out by the board with actions to mitigate risks.
The major risks facing the Dukes are:
Finance - the prevailing economic climate and rlslng operatlng costs mean that the Dukes needs to grow
eamed income beyond current levels, arKI focus on profftability in the ooming y8ars. We recognise that
neither local or national funding for culture is likely to increase. The charfty holds cash reserves but cannot
continue to operate with a trading deficit.
Buildings - the need to improve our premises and the experience for all bulldlng users, whilst inL7easing
financial opportunities and reducing environmental impact.
Capacity and capability - the stsff team is lean and delivers a high output and that Investment in training
and professional development has been limited in recent years. We need to ensure we have the resour￿8
and skills to achieve our ambitions.
Invèstment powers
The Trustees have wide powers of Investment within the constitution.
Reserves policy
The Trustees aspire to retain 12 weeks operating costs in rese￿e.
The trustees who served during the year and up to the date of slgnature of the flnancial ststements were:
N J Townsend
(Resigned 16 October 2024)
R Gauld
T J Booker
D Rigby
M J Collins
G E Murphy
W P Bancroft
S Chadwick
AECOX
S Thomberry
(Resigned 18 July 2023)
(Appointed 23 May 2023)
(Appointed 23 May 2023)
(Appointed 23 May 2023)
(Appointed 19 September 2023)
Audltor
In acKordance with the company's articles, a resolution proposing that kets Audit Seryices be reappointed as
auditor of the company will be put at a General Meetlng.

DUKES PLAY HOUSE LIMITED (THE)
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Dtsd05ure of Informatlon to audltor
EaGh rl the trustees ha5 confimed that there is N) 1rrfomwt1L￿ of which they are aware whSth is relevant lo the
auth( but of whith the 8￿rtor is unaware. They have futhw <xmfirmed that they have taken approprlate steps to
identlfy 8LKh relevant information and to e8tablish that the audllor Is aware of suGh Inftirmation.
R Gauld
Chalr
12 December 2024

DUKES PLAY HOUSE LIMITED (THE)
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees. vtho are also the directors of Dukes Play House Limited (The) for the purpose of company law, are
responsible for preparing the Trustee5' Report and the financial statements in accordance with applicable law and
United ￿"ngdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company Law 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 charity and of the incoming resoUr￿S and application of resour￿5, including the
income and 8xpenditur8, of the charitable company for that year.
In preparing these financial slatements, the trustees are required to:
select suitable accounting policies and then apply them C￿nSIstenI1y.
- obseNe the methods and principles in the Charities SORP"
- make judgement8 and estimates that are reasonable and pruden( and
prepare the financial statements on the going COn￿M basis unless it is inappropriate to presuwe that the charity
will continue in operation.
The trustees are responsible for keeping adequate accountlng records that disdose with reasonab18 accuracy at
any time the financial position of the charity and erk3ble them to ensure that the financial statements comply viith ttr
Companies Act 2006. They ar8 also responsible for safeguarding the assets of the charity and hence for tsking
reas￿able steps for the preventlon and detection of fraud and other irregularities.

DUKES PLAY HOUSE LIMITED (THE)
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF DUKES PLAY HOUSE LIMITED (THE)
Opinlon
We have audited the financial statements of Dukes Play House Limited (The) (the 'charity'} for the year ended 31
March 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and
notes to the financial statements, including significant accounting policies. The financial reporting frarnework that
has been applied in their preparation is applicable law and United Kingdom Accounting Standards, induding
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of I￿land
(United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements=
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources, induding its income and expenditure. for the year then
ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi￿.
and
have been prepared in accordan￿ with the requirements of the Companies Act 2006.
Basls lor oplnlon
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable
law. Our responsibilities under those standards are further described in ihe Auditorfs Trsponslbilities for the audit ol
the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is suffident and appropriate to provide a basis for our opinion.
Concluslons relatlng to golng concorn
In auditing the financial statements, we have concluded that the trustees, use of the going con￿￿ basis of
accountlng in the preparation of the financial statements is appropriate.
Based on the work we have performed. we have not identified any material uncertainties relating to events or
conditions that. individually or collectively, may cast slgnificant doubt on the charity's ability to continue as a going
concem for a pertod of at least ￿e1ve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilrties of the trustees with resped to going concem are descrlbed in the
relevant seciions of this report.
Other Inforniation
The other information comprises the information induded in the annual report other than the fina[￿la1 statements
and our auditols report thereon. The trustees are responsible for the other information contained wthin the annual
report. Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any fomi of assurance conclusion thereon. Our
responsibility is to read the other information and, in doing so, consider whether the other information is materialty
inconsistent with the financial statements or our knowledge obtained in the course of the audit, or othewise appears
to be materially mi5Stated. If we identify such material inconsistencies or apparent material misstatements, Y￿ are
required to determine whether this gives rise to a material misstatement in the financial statements themselves. If,
based on the work we have performed, we conclude that there is a material misstatement of this other inft)rmation,
we are required to report that fact.
Vle have nothing to report in this regard.
Oplnlons on other matters preserlbed by the Companles Act 2006
In our opinion, based on the work undertaken in the course of our audit:
the infomiation given in the trustees, rewrt for the financial year for which the financial statements are
prepared, which indudes the directors, report prepared for the purposes of company law, is conslstent with the
financial statements,. and
the directors, report included within the trustees, report has been prepar8d in accordance with applicable legal
requlrements.

DUKES PLAY HOUSE LIMITED (THE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF DUKES PLAY HOUSE LIMITED (THE)
Matters on whlch we are required to report by exceptlon
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the
audit. we have not identified material misstatements in the directors, report included within the trustees, report.
Ne have nothing to report in respect of the following matters in relation to which the Companies Act 20CE requires
us to report to you if, in our opinion:
adequate accounting records have not been kept, or retums adequate for our audit have not been received
from branches not visited by us: or
the financial statements are not in agreement ￿1th the accounting records and returns" or
certain disclosures of trustees, remuneration specified by law are not made; or
have not received all the infomiation and explanations we require for our audit; or
the trustees V￿re not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies, exemptions in preparing the trustees, report and from the
requirement to prepare a strategic report.
Responslbllltles of trustees
As explained rn0￿ ful￿ in the statement of trustees, responsibilities, the trustees, who are a180 the directors of the
charty for the purpose of company law, are responsible for the preparation of the financial statements and for belng
satisfied that they give a true and fair view. and for such intemal control as the trustees determine is necessary to
enable the preparation of financial statements that are free from material misstatement, vrfhether due to fraud or
error. In preparing the financial ststements, the trustees are responsible for assessing the charitys ability to
continue as a going concem, disclosing, as applicable. matters related to going concem and using the going
concem basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations. or have no realists"c alternative but to do so.
Auditor's responsibilitles for the audlt of the flnanclal ststements
Our objectives are to obtain reasonable assuran￿ about Nthether the financial statements as a whole are free frorn
material misstatement. whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or
error and are considered material rf, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users tsken on the basis of these financial statements.
A further description of our resFonsibilities is available on the Financial Reporting Council's website at.. https:11
V4+VM.frc.org.uklauditorsresponsibilities. This de￿ription fomis part of our auditorfs report.

DUKES PLAY HOUSE LIMITED (THE)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF DUKES PLAY HOUSE LIMITED (THE)
Extent to whlch the audlt was considered ¢apabb of detectlng irregularltles, includlng fraud
Irregulaiities. includlng fraud. are instances of non•compliance withlaws and regulations. We design kyocedures in
line viith our responsibilities, ouuined above and on the Financial Reporting Council's webslte, to detect material
misstatements fn respect of irregulartties. induding fraud.
We obtsin and update our understsnding of the entlty, its activities, its control environment. and Ilkely future
developments, includlng in relation to ltr￿ legal and regulatory framework applicable and how the entity is complying
wilh that framewoth. Based on this understanding, we identify and assess the risks of material mlsststement of the
flnancial statoments, whether due to fraud or error. design and perfomi audit procedures responsive to those rlsks.
and obtain audit evidence that is sufficient and approkyiate to provlde a basi8 for our oplnlon. This includes
conslderation of the risk of acts by the entity that were contrary to appli(3ble laws and regulations. induding fraud.
In response to the risk of irreguLaritles and rK)n-compliance with18ws and regulatlons, includirKJ fraud. we designed
procedures which induded:
Enquiry of management and those charged with governan￿ around actual and potential litigation and
daims as well as actual. suspected and alleged fraud.
Reviewlng minutes of meetings of those charged with govemance,.
Assessing the extent of compliance wmh the laws and reguktions considered to have a direct material
effect on the financial statements or the operations of the entity through ewuiry and inspection:
Reviewing financlal statement disclosures and testing to supporting documentation to assess compliance
with applicable laws and regulations.
Performirg audit work over the risk of management bias and override of controls, induding testing of
joumal entries and other 8djustm8nts for appropriateness, evaluats'ng the business rationale of significant
transactions outside the r￿rffla1 course of business and reviewing accounting estimates for indicators of
potential bias.
Because of the inherent limitatlons of an audit, there Is a risk that we will not detect all irregularities, Induding those
leading to a material misstatement in the financial statements or non*compliance with regujation. This rlsk
increases the more that compliance ￿th a law or regulation is removed from the events and transactions reflected
in th8 financial statements, as we will be bss likety to become aware of instances of noTrcompliance. The rfsk of
not detecting a material misstatement resulting from fraud is higher than for one resutting from error, as fraud may
involve collusion, forgery, intentional omissions, misrepyesentatlons, or the override of intemal control.
Use of our report
This report is made solely to the charitsble cornpanls members, as a body, in accordan￿ with Chapter 3 of Part 16
of the Companies Act 2006. Our audit work has been undertaken so that we might stste to the ¢haritalJe Companys
members those matters VIP are required to state to them in an audito¢s report and for no other purpose. To the
fullest extent pemiitted by law, we do ￿t accept or assume responsiblllty to anyone other than the charitable
company and charitable companls members as a body, for our audit for thls report, or forlhe opinions we
have fom)ed.
fiv￿) Ico/J
Susanna Cassey Isenlor Stalutory Auditor)
for and on behalf of Azets Audlt Servlces
..2o..C&' 21
Chartored Accountsnts
Statutory Audltor
Fleet House
New Road
Lancaster
Unlted Kingdom
LA1 1EZ
10-

DUKES PLAY HOUSE LIMITED (THE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Current financlal year
Unréstricted Restrlcted
funds
funds
2024
2024
Total
Totsl
2024
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
316,451
1.135,950
145.943
8.373
128.475
11.780
38,887
328,231
1,174,837
145.943
8.373
128,475
292,422
1.145,243
138,873
2,902
97,367
Total income
1,735,192
50,667
1,785,859
1,676,807
Raising funds
166,697
166,697
146,590
Charitable activities
1.577,432
12,813
1,590,245
1,443.680
Other expenditure
12
76,549
76,549
71,589
Totsl expenditure
1.820.678
12,813
1,833,491
1,661,859
Net (outgolnglllncoming resources before transfe
(85.486)
37,854
(47,632)
14.948
Gross transfers betw88n funds
9,691
(9,691)
Net (expendlture}Ilncom• for the yearl
Net movement in funds
175,795)
28,163
(47,632)
14,948
FurKI balances at 1 April 2023
647.138
1,943
649,081
634,133
Fund balances at 31 March 2024
571.343
30,106
601,449
649,081
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditur8 derive from continuing activities.
The statement of financial activities also complies with the requirements for an income and expenditure account
underthe CompaniesA¢t 2006.
11

DUKES PLAY HOUSE LIMITED (THE)
STATEMENT OF FINANCIALACTIVITIES (CONTINUED
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Prior financial year
Unrestrictsd Restrlcted
funds
funds
2023
2023
Total
2023
Notes
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other income
292,422
1.073,544
138.873
2,902
97.367
292.422
1,145.243
138.873
2.902
97.367
71,699
Total Income
1.605,108
71,699
1,676.807
Raising funds
146,590
146,590
Charitable activities
1,373,532
70,148
1,443,680
other expenditure
12
71.589
71,589
Totsl expendlture
1.591,711
70.148
1,661,859
Net {outgolngVln¢oming resources before transfers
13,397
1.551
14,948
Net (expenditure)Ilncome for the yearl
Net movement in funds
13,397
1.551
14,948
Fund balan￿S at 1 April 2022
633,741
392
634,133
Fund balances at 31 March 2023
647,138
1,943
649,081
12-

DUKES PLAY HOUSE LIMITED (THE)
BALANCE SHEET
ASAT31 MARCH 2024
2024
2023
Notes
Flx¢d assets
Tangible assets
14
19,061
37.415
Current assets
15
16
1,484
174,081
615,220
2,313
173,394
597,914
Debtors
Cash at bank and in hand
790,785
773.621
Creditors: amounts falling due wlthln
one yoar
17
{208,397)
(161,955)
Net current assets
582,388
611,666
Total as8•ts1oss current Ilabllltlès
601,449
649,081
Income funds
Restricted funds
Unrestricted funds
Designated funds..
Operating reserve
Other designated funds
19
30,106
1.943
200,000
150,000
200,000
150,000
20
350,000
221,343
350,000
297,138
General unrestricted funds
571,343
647,138
601,449
649,081
The financial statements were approved by the Trustees on ...
Mr Roderlck Gauld
Company Registration No. 01077517
13-

DUKES PLAY HOUSE LIMITED (THE)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notès
Cash flows from operntlng aCti￿tIeS
Cash generated froml(absorbed by)
operations
24
8,933
(85.579)
Investlng activities
Investment income received
8,373
2.902
Net cash generated from Investlng
actlvltles
8,373
2,902
Flnanclng actlvltles
Repayment of bank loans
(250,000)
Net cash used In financlng actfvitles
(250.000)
Net increasel(decrease) in cash and cash
equlvalents
17,306
(332,677)
Cash and cash equivalents at beginning of year
597,914
930.591
Cash and cash oqulvalents at end of year
615,220
597,914
14-

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcies
Charlty Informatlon
The Dukes Playhouse Limited is a private charitable company limited by guarantee and is incorporated and
domiciled in England and V*ales. The address of the registered office is The Dukes, Moor Lane. Lancaster.
LA11QE.
The nature of the Its operations and its prinaple activities are detailed in the trustees report attached to these
financial statements.
1.1 Aecountlng convenllon
The Charity is a Public Benefrt Entity as defined by FRS 102. The finanaal statements have been prepared in
accordance wth 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) issued in October 2019. the Financial Reporting Standard applicable in the
Unlted Klngdom and Republic of Ireland (FRS 102), the Charltles Act 2011, the Companies Act 2006 ar￿ UK
Generally Accepted Accounting Practice.
The financial statements are prepared in sterling, vthlch is the functional currency of the charity. Monetary
amounts in th&se financial statements are rounded to the nearest £.
The financial ststements have been prepared under the historical cost convention. The principal accounting
pdicies adopted are set out below.
1.2 Golng concern
These financial statements str￿ net unrestricted expenditure of £75,795 and unrestricted funds at the year
end of £571,343. The trustees have prepared finandal forecasts and budgets which incorporate the ACE
funding to March 2026 and the service level agreement with Lancaster Cty Council vthith demonstrate the
future viabilty of the charitsble company and its ability to meet its debts as they fall due.
Therefore at the time of approving the financial statements, the trustees have a reasonable 8xpectation that
the charity has adequate reSoUr￿S to continue in operational existence for the foreseeable future. Thus the
trustees contlnue to adopt the going concem basis of accounting in preparing the financial statements.
1.3 Charltsble funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable
objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met,
the amounts can be measured rellably. and it is probable that income will be re￿ived.
Income in respect of productions is recognised in the period in which the production occurs.
Cash donations are recognised on recEipt. Other donatlons are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation to donations received under GiftAid or deeds of covenant is recognised at the time of the donation.
Legaci88 are recognised on recelpt or otherwise if the charity has been notified of an Impending distribution,
the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a
contingent asset.
15-

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng pollcles
(Contlnued}
Income from Government and other grants, whether capitsl grants or revenue grants, is re￿gnised ththen the
charity has entitlement to th8 funds, any performance conditions attached to the grants have been md. 5t is
probable that the income will be received and the amount can be reliably measured.
Income received in advance of a theatrical perfomiance or provision of other specified service is deferred until
the criteria for income recognition are met.
Other trading income is recognised on a receivable basis.
Investment income is recognised in the SOFA in the year in which it is recevable.
1.5 Expenditure
Expenditure is recognised once there is a constructive obligab'on to make a payment to a third party, it is
probable that settlement will be required and the amount of the obligation can be reliably measured.
Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to
which it relates.
Costs of raising funds comprise the costs of trading of the bar arKI catering facilities.
Expendilure on Gharitab18 activiti8s comprises those costs incurred by the charity in the delivery of its activiti88
and services. It includes both costs that can be allocated directly to those activities and those of an indlrect
nature necessary to support them.
Other costs represent those items not falllng into the categories above.
Support costs relate to those functions that assist the work of the charfty but do not d1￿CtlY undertake
charitable activities. Support costs Include back office costs, finance, personnel, payroll and go￿rnan
costs which support the Charity's programmes and activities. These costs have been allocated between costs
of raising funds and expenditure on charitable activities. Support costs are apportioned on an appropriate
basis eg floor area, per capita or estimated usage.
1.6 Tanglble flxed assets
Tangible fixed assets costing more than £1,000 are initially measured at cost and subsequently measured at
cost, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases:
Leasehold improvements
Fixtures arKI fittings
term of lease
4-10 years
The gain or loss arising on the disposal of an asset is determined as the difference be￿een the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impalrrnent of fixed assets
At each reporting end date, the charity revlews the carying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impaimient loss. If any such Ind￿lon
exists, the r8coverable amount of the asset is estlmated in order to determine the extent of the impairment
loss (if any).
16-

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollclfts
Icontlnued)
1.8 Stocks
Stocks are ststed at the lower of cost and 8Stim8ted selling. Cost is based on the cost of the purchase on
first in first out basis.
1.9 Cash and cash equlvalents
Cash and cash equivalents include cash in hand. deposits held at call with banks, other shorkterm liquid
investments with original maturltles of three months or18ss, and bank overdrafts. Bank overdrafls are shown
within borrowings in current liabilities.
1.10 Financial instruménts
The charlty has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'other Financial Instruments Issues. of FRS 102 to all of its financial instruments.
Financial instruments are recognised In the charity's balance sh&t when the charlty becomes paty to the
contractual provislons of the instrument.
Financial assets and Isabilities are offset, with the net amounts presented In the financial ststements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc flnancial assets
Basic financial assets, which Include debtors and cash and bank balances. are initially measured at
transaction pri￿ including transaction costs and are subsequently carried at amortised cost using the effective
interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the fLrture receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Basic flnanclal liabilitles
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transactp)n, where the debt instrument is measured at the present
value of the future payments discounted at a market rate of interest. Financial liabilltles classified as payable
within one year are not amortised.
Debt instnjments are subsequently carried at amorti88d cost. using the effective interest rate m8thod.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordin¥y course of
operations from suppliers. Amounts payable are classthed as current liabilities if payment is due wlthin one
year or less. If not. they are presented as non-current liabilities. Trade credltors are recognised initially at
transaction prlce and subsequently m8asured at amortised cost using the effective interest method.
1.11 Taxation
The charity Is an exempt charity viithin the meaning of schedule 3 of the Chariti88 Act 2011 and is considered
to pass the tests set out in Paragraph 1 SckEdule 6 of the Finance Act 2010 and therefore meets the definition
of a charitable company for UK corporation tax purposes.
17-

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
(Contlnued)
1.12 Employee benefts
V¥Then employees have rendered seprftces to the charity, short temi employee benefits to which the employee
is entitled are recognised at the amount expected to be paid for that seniice.
The charity operates a defined contribution pensbon plan for the benefft of its employees. Contributions are
expensed as they become payable.
The cost of any unused ￿lIdaY entitlement is recognised in the period in thich the employee's services are
received.
Temiination beneffts are recognised immediately as an expense when the charity is demonstrably committed
to tenninate the employment of an employee or to provide termination beneffts.
1.13 Retlrement b8nofits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Donations and legacles
Unrestrlctsd R•stricted
funds
funds
Total Unrestrl¢ted
funds
2024
2024
2024
2023
Donations and gifts
Arts Council England
55,547
260,904
11,780
67,327
260,904
31,518
260.904
316,451
11,780
328,231
292,422
18-

*0)
*co
)r
¢y ¢0
c) tr) e4

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Other trading actlvlties
Unrestrtcted Unrestrlct
funds
funds
2024
2023
Fundraising events
Trading activity income.. Bar and Catsring
28,102
117,841
39,203
99,670
Other trading activit188
145,943
138,873
Investments
Unrestrlcted Unrostrlcted
funds
funds
2024
2023
Interest receivable
8,373
2,902
Other Income
Unrestricted Unrestricted
funds
funds
2024
2023
Other income
Theatre tax credit
17,213
111.262
22,241
75,126
128,475
97,367
-20-

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Raising funds
Unrestrlcted Unrestricted
funds
funds
2024
2023
Tradin costs
Other trading activities
staff costs
Depreciation and impairment
Support costs
51.749
73,652
558
40,738
48.252
58,465
558
39,315
Trading costs
166,897
146,590
21-

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0>04V-

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Trusttss
None of the trustees (or any persons connected with them) re¢eNed any remuneration or expenses from the
charity durlng the year. All trustees can re￿1ve ￿ free tickets for the guest nigm perf0mlan￿ of a Dukes
th8atre production.
11 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Technical - Full time
Technical - Part time
Front of house - Full time
Front of house- Part time
Administrative - Full tlme
Adrninistrative- Part time
Creative communities- Full time
Creative communities - Part time
13
14
Total
32
33
Employment costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
812,628
43,636
23,735
782,261
44,268
20,956
879,999
847,485
The average number of full tlme equivalent employees is 26 (2023: 23). This is calculated using half the
number of part time staff.
There were no employees whose annual remunerats'on was more than £60,000.
12 Other expenditure
Unre8trlctsd Unrestrlcted
funds
funds
2024
2023
Flnancing costs
Other expenditu
25,104
51,445
23,227
48,362
76,549
71,589
-24-

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Taxatlon
The charity is exempt from tax on income and gains falling ￿thin section 505 of the Taxes Act 1988 or section
252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are ap￿led to its charitable objects.
14 Tanglble fixed assets
Leasohold Flxtures and
improvoments
flttlngs
Total
Cost
At 1 April 2023
730.701
548.286
1,278,987
At 31 March 2024
730,701
548.286
1,278,987
Depreciatlon and impalrment
At 1 April 2023
Depreciation charged in the year
730.701
510,871
18,354
1,241,572
18,354
At 31 March 2024
730,701
529,225
1,259,926
Carrylng amount
At 31 March 2024
19,061
19.061
At 31 March 2023
37,415
37.415
Included in leasehold property improvements is conversion work carried out on a derelict church to create a
Moor Lan8 Additional Building. The net took value of Moor Lane Addltlonal Building at the year end was £nil.
The vKrk orlglnally undertaken amounted to £280,750 and was funded by a National Lottery grant of
£194,750 from Arts Council England and a grant of £86,000 from Lancaster City Council. The Dukes
Playhouse Limited, as part of its charitable aims. supports Moor Lane Additional Building in its work In
providing participation activities for local young people.
Included in leasehold property improvements is refvrbishment work to the 'round' theatre. The net book value
of the studio refurbishment at the year end was £nil. The work originally undertaken amounted to £380.583
and was funded by a grant of £260,383 from North West Development Agency and a grant of £99,100 from
Arts Council England.
15 stocks
2024
2023
Goods for sale and consumables
1,484
2,313
-25-

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
16 Debtors
2024
2023
Amounts falllng due wlthln one year.
Trade debtors
Other debtors
Prepayments
7,573
133,152
33,356
7,689
140,205
25,500
174,081
173,394
17 Cr•dltor3: amounts falllng due wlthln one year
2024
2023
Other taxation and social security
Deferred income
Trade credit¢xs
Other creditors
Accruals
27,904
68,924
41,809
14,876
54.884
17,418
34,374
31,381
26,520
52,262
18
208,397
161,955
18 Deferred Income
2024
2023
Arising from government grants
Arlslng from Relating to post year end
productions
17,208
17,216
51,716
17,158
68,924
34,374
Deferred income is included In the financial statements as follows:
2024
2023
Deferred income is included within..
Current liabilitles
68,924
34,374
Movements in the year:
Deferred income at 1 April 2023
Released from previous periods
Resources defe￿ed in the year
34,374
(34,374)
68,924
57,883
{57,883)
34,374
Deferred income at 31 March 2024
68,924
34,374
-26-

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
18 Deferred Incomè
(Contlnued)
The income in the above note has been deferred as it relates to box Offi￿ productions which occurred after 31
March 2024 or grants with unfulfilled condits.ons at the year end.
-27-

O O L()
O o U>LUV

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Deslgnated funds
The Income funds of the charity include the follo￿Ing designated funds which have been set aslde out of
unrestricted funds by the trustees for specific purposes:
Movement
Movement
In funds
In funds
Balance at Movem•nts to
Balance at Movements to
Balance at
1 April 2022 31 March 2022 1 Aprll 2023 31 March 2023 31 March 2024
Operating reserve
Capital programm8
Artistic Programme Investment
Audience Development
Capacty Building
200.000
80.000
30,000
20.000
20,000
200,000
80,000
30,000
20,000
20,000
200,000
80,000
30,000
20.000
20.000
350,000
350,000
350,000
Operatlng Resorves - £200,000
Removed from the general cash flow and designated as an operats'ng reserve for use when approved by the
Board. This is equ81 to 12 weeks of the Dukes pre COVID tumover.
Capltal Programme - £80,000
In light of the Dukes ongoing capital needs and also its future ambitions that thls resenie is established and
the funds used only for major capital emergency needs (Including purchasing of equipment vital to operatlon)
and as match funding for any other major capital bids {including pre bid requlrements).
Arthtlc Programme Investm•nl - £30,000
This fund would be used for investment in artistic programme in the future that would return a level of financial
C8prtal back to the organisation. Examples could be futher investment in digital programmlng, matth funding
for co-productions or to support the growth of the Dukes Hom&grown productions.
Audlence Development- £20,000
The Dukes faces an uncertain future with regards to audlences. This fund would be used to support audlen
development and marketing prograrnmes outsid8 the nomlal marketlng budget with clear goals and
mllestones of delivery. Th8S8 programmes vffjuld be focused on incr8a8ing audiences and investlng In rew
marketing practices or tralnlng.
Capacity Bulldlng - £20,000
The Dukes capacity wlthin the stsff team is an ongoing challenge which would benefit at times from additional
capacity on 8 short term basis however budgeting for this support is challenging within the current budget
mc#lel. This fund would be used to fund additional capaclty on short term basis particularly in areas of
development such as fundraising. marketing and financial management.
-29-

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
21 Anatysls of net ass•ts between funds
Unrestrfctad Restrlcted
funds
funds
2024
2024
Totsl Unrestrfctod R•stricted
funds
funds
2023
2023
Total
2024
2023
Fund balances at 31
March 2024 are
represented by..
Tangible assets
Current assetsl(liabilities}
19,061
552,282
19.061
582,388
37,415
609,723
37.415
611,666
30,106
1,943
571,343
30,106
601,449
647.138
1,943
649,081
22 Operatlng lease commltments
At the reporting end date the charity had outstanding commitments for future minimum lease payments under
r￿r￿cancellab1e operating leases, which fall due as follows:
2024
2023
wthin one year
20,500
21,074
23 Related party transactlons
Remuneration of key management personnel
The remuneration of key management personnel is as follows.
2024
2023
Aggregate compensation
59,711
e6,548
24 Cash generated from operatlons
2024
2023
(Deficit)Isurpus for the year
(47,832)
14.948
Adjustments for.
Investment income recognised in statement of financial activities
Depr8ciation arKI impaimient of tangible fixed assets
(8,373)
18,356
(2.902)
18,936
Movements in working capltal:
Decrea881(increase> in stocks
(Increase) in debtors
Increasel(decrease) in creditors
Increasel(decrease) in deferred income
829
(687)
11,890
34.550
(18)
{66,196)
(26,838)
(23,509)
Cash generated froml(ab8orbad by) op8ratlon8
8,933
(85,579)

DUKES PLAY HOUSE LIMITED (THE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
25 Analysls of changes In net funds
The charity had no debt during the year.
31