Registration Charity Number 506677 

## PRIORY THEATRE COMPANY 

ANNUAL REPORT & STATEMENT OF ACCOUNTS 

FOR THE YEAR ENDED 31 MAY 2025 

## PRIORY THEATRE COMPANY 

## Contents 


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||||||||
|---|---|---|---|---|---|---|
|Page|
|Trustees|and|Advisers|||
|Annual|Report|2|
|Independent|Examiner's|Report|to|the|Trustees|3|
|Receipts|&|Payments|Account|4|
|Statement|of Assets &|Liabilities|5|
|Notes|to|the|Accounts|6|
|Detailed|Receipts &|Payments|‘ij|

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## PRIORY THEATRE COMPANY 

TRUSTEES & ADVISERS 31 MAY 2025 

Trustees 

Treasurer 

Independent Examiner 

J Evans (Chairman) DR Main T Boulton D Main 

D R Main 

Wayne Gutteridge ACA FCCA HB&O Ltd Seven Stars House 1 Wheler Road Coventry CV3 4LB 

## PRIORY THEATRE COMPANY 

## INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES 

I report on the accounts of the charity for the year ended 31 May 2025 which are set out on pages 4 to 6. 

Respective Responsibilities of Trustees & Examiner The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 

It is my responsibility to: 

- e Examine the accounts under Section 145 of the 2011 act. e Follow the procedures laid down in the general Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act, and 

- © State whether particular matters have come to my attention 

## Basis of Independent Examiner's Statement 

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented within those records. It also includes consideration as of any unusual items or disclosures in the accounts, and seeking explanations from you Trustees concerning any such matters. The procedures undertaken do not provide all of[the] evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view" and the report is limited to those matters set out in the statement below. 

## Independent Examiner's Statement 

In connection with my examination, no matter has come to my attention: 

1. Which gives me reasonable cause to believe that, in any material respect, the requirements: 

- e to keep accounting records in accordance with Section 130 of the 2011 Act; and e to prepare accounts which accord with accounting records and comply with the accounting requirements of[the][2011][Act] 

have not been met; or 

2. to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

Wayne Gutteridge FCCA ACA Fuo ZO AF HB&O Ltd Chartered Accountants Seven Stars House 1 Wheler Road Coventry CV3 4LB 

## Dated: ZY [ 4/ LOTS 

## PRIORY THEATRE COMPANY 

ANNUAL REPORT 31 MAY 2025 

## Constitution 

Priory Theatre Company is constituted by a Constitution dated 16 June 1977 and is a registered Charity, Number 506677. 

Its address is at Priory Theatre, Rosemary Hill, Kenilworth, CV8 1BN. 

## Trustees & Advisers 

The names ofthe present Trustees and Advisers are shown on page[1,] 

## Trustees' Responsibilities 

The Trustees are responsible for preparing annual accounts, safeguarding the assets of the fund and keeping proper accounting records. 

## Charity objectives 

To provide and promote appreciation of dramatic arts locally in the area we serve; Kenilworth, Coventry, Leamington Spa, Warwick , Rugby, Balsall Common and local villages. To educate and train children and young people in all aspects of dramatic and musical performance. 

To promote, within the community, high quality amateur theatre through membership and performance opportunity. 

## Public benefit 

The Trustees have considered the charity Commission's guidance on public benefit. 

## Review of the year 

Income for the year totalled £189,126 up from £163,922 in 2024. Combined box office income for the year totalled £121,736, compared to £92,270 in 2024. Bar takings for the year totalled £39,703, an increase from the figure of £37,918 in 2024. Direct costs have risen from £87,872 in 2024 to £105,292 in 2025. 

Overheads have decreased from £71,495 in 2024 to £61,680 in 2025. 

The overall surplus of receipts over payments for the year was £22,154, compared to £4,555 in 2024. 

The total balance on the general fund increased to £304,414 (2024: £282,260). 

## PRIORY THEATRE COMPANY 

## RECEIPTS AND PAYMENTS ACCOUNT 

FOR THE YEAR ENDED 31 MAY 2025 


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|||||
|---|---|---|---|
|2025|2024|
|£|£|
|Receipts|189,126|163,922|
|Direct|costs|(105,292)|(87,872)|
|83,834|76,050|
|Overheads|(61,680)|(71,495)|
|Surplus|for the year|22,154|4555|

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## PRIORY THEATRE COMPANY 

## STATEMENT OF ASSETS AND LIABILITIES 

AS AT 31 MAY 2025 

||2025||2024||
|---|---|---|---|---|
||£|£|£|£|
|FIXED ASSETS|||||
|Freehold property|168,000||168,000||
|Improvements to property|162,767||141,154||
|Furniture and fixtures|22,502||3,748||
|||353,269||312,902|
|CURRENT ASSETS|||||
|Cash at bank|96,230||117,144||
|Cash in hand|1,064||808||
|Prepayments and accrued income|1,988||2,605||
|VAT|-||2,091||
|Bar stocks|2,008||1,565||
|||101,290||124,213|
|CURRENT LIABILITIES|||||
|Trade creditors|5,073||1,447||
|Accruals and deferred income|4,589||14,327||
|VAT|1,402||-||
|||(11,064)||(15,774)|
|NET CURRENT ASSETS||90,226||108,439|
|||443,495||421341|
|Funds and reserves|||||
|General fund||304,414||282,260|
|Non- distributable reserves||139,081||139,081|
|||443,495||421,341|




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by<br>Va & signed on their behalf<br>J Evans AD Main<br>Se<br>**----- End of picture text -----**<br>


## PRIORY THEATRE COMPANY 

## NOTES TO THE ACCOUNTS 

## FOR THE YEAR ENDED 31 MAY 2025 

## 1. Accounting policies 

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of assets, and are in accordance with applicable accounting standards and the Charities Accounting Statement of Recommended Practice (SORP). The financial statements have been prepared under FRS102 section 1A "small entities." 

The principal accounting policies adopted are listed below: 

a) All expenditure is accounted for excluding value added tax, and when incurred. b) Direct charitable expenditure includes the direct costs of[the][activities.] 

c) Other expenditure comprises service costs incurred in support of the Charity's work. d) Freehold property is stated at market value in 2001 approximately. 

## 2. Trustees' Expenses 

No expenses were reimbursed in 2025 (2024 - £nil). 

No trustee received remuneration, 

|3.<br>Fixed Assets - Freehold Property||||
|---|---|---|---|
||Theatre|Library|Total|
||£|£|£|
|COST||||
|At | June 2024|120,000.00|48,000.00|168,000.00|
|and 31 May 2025|120,000.00|48,000.00|168,000.00|
|DEPRECIATION||||
|At<br>| June 2024||||
|and 31 May 2025|-|-|>|
|NET BOOK VALUE||||
|At 31 May 2025|120,000.00|48,000.00|—168,000.00|
|At 31 May 2024|120,000.00|48,000.00|168,000.00|
|Costorvaluationat31May2025isrepresentedby:||||



|||||Freehold|
|---|---|---|---|---|
|||||Property|
|||||£|
|Revaluation|prior|to|2002|139,081|
|Cost||||28,919|
|||||168,000|



## PRIORY THEATRE COMPANY 

## DETAILED RECEIPTS AND PAYMENTS 

## FOR THE YEAR ENDED 31 MAY 2025 

||2025|2024|
|---|---|---|
||£|£|
|INCOME|||
|Box office|117,186|87,743|
|Box office charity nights|4,550|4,527|
|Bar sales|39,703|37,918|
|Ice creams|9,490|6,820|
|Theatre and outside hire|10,264|18,501|
|Donations|2,000|5,000|
|Subscriptions|2,706|1,771|
|Bank interest|1,617|1,304|
|Grants|1,000|-|
|Miscellaneous|610|338|
||189,126|163,922|
|DIRECT COSTS|||
|Set construction|24,063|14,999|
|Compliance|12,990|16,104|
|Outside hire costs|12,432|11,760|
|Programmes|1,543|1,345|
|Advertising|3,617|3,911|
|Sound and music|2,724|5,392|
|Play licences|5,837|2,410|
|Properties|928|820|
|Wardrobe and costumes|3,063|3,786|
|Lighting|4,937|3,541|
|Bar purchases|22,472|18,518|
|Ice creams|4,211|2,465|
|Scripts|6,475|2,821|
||105,292|87,872|



## PRIORY THEATRE COMPANY 

## DETAILED RECEIPTS AND PAYMENTS 

## FOR THE YEAR ENDED 31 MAY 2025 

||2025|2024|
|---|---|---|
||£|£|
|OVERHEADS|||
|Stationery and printing|15|104|
|Cleaning and refuse|4,695|5,278|
|Telephone|920|765|
|Gas and electric|23,870|35,422|
|Repairs and renewals|5,784|5,098|
|Miscellaneous|1,638|1,100|
|Insurances|3,372|3,243|
|Watercharges|2,103|1,475|
|Licences|1,857|2,845|
|Rates|616|284|
|Professional fees|834|4,053|
|Depreciation|15,976|11,828|
||61,680|71,495|