Registration Charity Number 506677
PRIORY THEATRE COMPANY
ANNUAL REPORT & STATEMF.NT OF ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2024

PRIORY THEATRE COMPANY
Contents
Page
rustees and Advisers
nnual Report
ndependcnt Examiner's Report to the Trustees
eceipts & Payments Account
tatement of Assets & Liabilities
otes to the Accounts
etailcd Receipts & Paynicnts

PRIORY THEATRE COMPANY
TRUSTEES & ADVISERS
31 MAY 2024
slees
J Evans (Chairman)
D Main
T Boulton
asurer
D Main
ependent Examiner
Wayne Guttcridge ACA FCCA
Ha￿lSon Beale & Owen Limited
Seven Stars House
I Wheler Road
Covenlry
CV3 4LB

PRIORY THEATRE COMPANY
ANNUAL REPORT
31 MAY 2024
Const
ution
Pri()ry
in Scp
Its add
lieatre Cumpany is constituted by a Con51ilUtion dated 16 June 1977 and amended
mber 2018. It is a registered Charily, Number 506677.
ess is at Priory Theatre. Rosemary Hill, Kenilworth. CV8 IBN.
Trust
's & Advisers
ies of the present Trustees and Advisers are shown on page l.
Trust
' Responslbilities
TheT
fund a
ustees are responsible for preparing annual accounts, safeguarding (he assets of the
d keeping proper accounting records.
Chari
y objectives
Topr
Covci
vide and promote appreciation of dramatic arts locally in the area we serve. Kenilworth,
I'y, Leamingion Spa, Warwick , Rugby, Balsall Common and local villages.
L<il¢ and train children and young pcoplc in all aspects of dramatic and musical
ance.
mote, within the community. high quality amateur theatre througli membership and
liince opportunity.
perf()r
To pr(
perfo
Publi
benefit
The
stees have considered the charity Commission's guidance on public benefit,
Revl
of the year
Inco
Com
Bart
Direc
Over
The
£3.17
Thet
for the year totalled £163,922 up from £120,993 in 2023.
ned box office income tor the year totalled £9?.270. cornpared co £74.869 in 20?3.
ings for the year totalled £37.918, an increase from the figure of £31,070 in 2023.
costs have risen from £58,685 in 2023 to £87,872 in 2024.
eads have increased from £59,137 in 20?3 10 £71,495 in 2024.
erall surplus of receipts over payments for the year was £4.555, compared to
in 2023.
tal balance on the general fund incrcased to £282,?60 (2023: £277,705).

PRIORY THEATRE COMPANY
INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES
Ire
ort on the accounts of the charily for the year ended 31 May 2024 which are sel out on
s4to6.
pag
Res
The
ective Responslbilities of Trustees & Examiner
Charity s TTU8tees are responsible for the preparation of the accounts. The Charity s
t¢es consider chat an iiudit is not required for this year under Section 144(2) of the
'lies Aci 2011 (the 2011 Act) and that an independent examination is needed.
Tru
my responsibility to..
Examine the accounts under Sectioii 145 of the 2011 acl.
Follow the procedure5 laid down in Ihe general Directions given by the Charity
Commission (under Section 14.5{5)(b) of the 2011 Act. and
State whelher particular m&tter5 hdve come to my Mttention
of Tndependent Examlner's Statement
exiiminution wa8 Larried out in ac¢ordance witli general Directions given by the Charity
Inission. An examination includes a review of rhe accounting records kepi by the Charity
a Lomparison of the a¢eount8 presented within tho8e records. It al.80 includes consideration
'f any unusual items or disclosure8 in the accounts, and seeking explanations from you
'iee.q concerning any lueh matters. The procedure8 undertaken do not pi'ovide all of the
cnce that would be required in an audit and consequently no opinion 18 given as lo whether
Iccount8 present a 'true and fair view" and the report is limited to those matters set out in the
ment below.
My
Ci)
an
as
Ti'l
evi
sta
ependent Examlner's Statement
onnection with my examination, no matter has come to my attention..
Which gives me rea.qonable cau8e to believe that, in any material respect. the
irements.,
to keep accounting rec()rds in accordance with Seclinn 130 of Ilie 2011 Act; and
to prepare accounts which accord with accounting rccords and comply with the
accounting requirements ol- Ilie 201 l ACL
e not been mel; or
to which in my opii)ion, attention .81iould be drawii in order to enable a proper under.8tanding of
accounts 10 be reached,
th
yne Gulteridge FCCA ACA
rris(>n Beale and Owen l.imited
artered Accountants
en Slars House
heler Road
veDtry
34LB
ted:

PRIORY THEATRE COMPANY
RECEIPTS AND PAYMENTS ACCOUNT
FOR THE YEAR ENDED 31 MAY 2024
2024
2023
eceipts
163,922
120,993
irect costs
(87,872)
76,050
(58,685)
62,308
verheads
(71,495)
(59,137)
urplus for Ihe year
4.555
3,171

PRIORY THEATRE COMPANY
STATEMENT OF ASSETS AND LIABILITIES
AS AT 31 MAY 2024
2024
2023
F.D ASSETS
chc)Id property
provements to property
rniture and fJx¢ures
168.000
141,154
3,748
168,000
150,836
5,893
312,902
324,729
RRII NT ASSETS
sh at bank
sh in hand
epayments and Aecrned income
17,144
808
2.605
2,091
1.565
119.231
808
1,719
r stocks
1,458
124,213
123.216
URRFNT I.IABII.ITITr S
ade creilitors
LLruals and deferrcd income
1,447
1.763
AT
16,091
115,7741
108,439
(11,1.59)
92,057
ET CURRENT ASSETS
421,341
416,786
nds and reserves
encral fund
on- distributable reserves
282,260
139.081
421,341
277.705
139,081
416,786
pproved
th
.&G.-9-.2.14. &
signed on thcir behalf by
R Evans
Main

PRIORY THEATRE COMPANY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2024
ccounting policies
,,financial statements have been prepared under the histoiical cost convention, as modified by the
luation of assels. and are in accordance wilh applicable accounting Standards and thc Charitics
unting Statement of Recommended Practice (SORP). The financial statements have been prepared
r FRS102 section IA "small entiues."
Tev
und
'.principal accounting policies adopted are listed below:
'Il expenditure is accounted for excluding value added tax. and when incurred.
irect charitable expenditure includes the direct costs of the activities.
ther expenditure ¢omprises service costs incurred in Support of the Charity's Work.
eehold property is 51aled at market value in 2001 approximaiely.
b)
d)
rustees, Expenses
xpenses were reimbursed in 2024 (2023 - £nil}.
ruste¢ received remuneration.
ixed Assets - Freehold Property
Theatre
Library
Total
ST
June 2023
31 May 2024
Al
120,000.00 48,000.00 168,000.00
120,000.00
48.000.00 168,000.00
an
PRECIATION
l June 2023
31 May 2024
At
T BOOK VALUE
l May 2024
At
120,000.00
48,000.00 168,000.00
At
31 May 2023
120,000.00 48,000.00 168.000.00
t or valuation at 31 May 2024 is represented by:
Freehold
Property
aluation prior to 2002
139.081
28.919
168,000

PRIORY THEATRE COMPANY
DETAILED RECEIPTS AND PAYMENTS
FOR THE YEAR ENDED 31 MAY 2024
2024
2023
COME
x office
x uifice charity Dights
ffet sales charity nights
87.743
4,527
73,969
54
31.070
6.834
5.653
37.918
6,820
18,501
5.000
1,771
1,304
338
163,922
creams
catre and outside hires
nalions
bscriptions
nk intere8t
iscellaneous
1,699
239
575
120,993
IRECT COSTS
i eonslruction
ompliance
ulside hires costs
uffei expense Clnights
ograrnmes
dvertising
ound and music
lay licences
ropertie8
ardrobe and costumes
ighting
ar purchases
e creams
cripts
Oth Birthday
14,999
16,104
11.760
17,863
160
1,250
6.571
2,114
1.646
129
3,632
843
16,940
2.392
711
4,434
58,6115
1,345
3.911
5.392
2,410
820
3,786
3.541
18.518
2,465
2.821
87,872

PRIORY THEATRE COMPANY
DETAILED RECEIFfs AND PAYMENTS
FOR THE YEAR ENDED 31 MAY 2024
2024
2023
VERHEADS
tationcry and printing
08tage
leaning and refuse
elcphone
as and electric
cpairs and TerLewals
iscellaneous
104
1.860
60
4.430
5,278
765
35.422
5.098
i.ioo
3,243
1.475
2.845
284
22,832
1,825
873
2,850
1,525
1,506
713
llSUTances
ater charges
icences
rofession￿ fees
epreciation
rrecoverable VAT
4,053
11,828
6,136
12,155
1,731
59,137
71,495