CHADS Theatre Company
Charity No. 507253
Trustees’ Report and Unaudited Accounts
Year ending 30 June 2025
Charity No. 507253
CHADS Theatre Company
Contents
Trustees’ Annual Report ............................................................................................................................................... 3 **Independent Examiner’s Report** ............................................................................................................................... 6 Receipts and Payments ................................................................................................................................................. 7 Statement of Assets and Liabilities ............................................................................................................................... 9
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Charity No. 507253
## CHADS Theatre Company
Trustees’ Annual Report
The trustees’ present their report with the unaudited financial statements of the charity for the year ended 30 June 2025
## REFERENCE AND ADMINISTRATIVE DETAILS
CHADS Theatre Company was registered with the Charity Commission as a charity under the name of the Cheadle Hume Amateur Dramatic Society on 24'" February 1978. Following subsequent amendments to its constitution it is now known as the CHADS Theatre Company.
Charity No. 507253
## **Principal Office:**
CHADS Theatre Mellor Road Cheadle Hulme Greater Manchester SK8 5AU
## **Trustees:**
The following Trustees served during the year:
M Hutt - Chairman P Birch – Honorary Treasurer PR. Burt- Finance Chairman A. Quaife – Honorary Secretary
## **Accountants**
Jean Lunt MAAT Balanced Creations Ltd 50 Sandstone Drive Whiston L35 7NJ
## **Independent Examiner:**
Rev’d. A. A. Clements MA, ACIB, FCIE. 15 Carleton Road Great Knowley Chorley PR6 8TQ
## **Bankers:**
National Westminster Bank 699 Wilmslow Road Didsbury Manchester M20 6NW
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Charity No. 507253
## **CHADS Theatre Company**
The objective of the charity is to promote the advancement and improvement of general education in relation to all aspects of the art of drama and the development of public appreciation of such art. During the past year the Society has fulfilled the following activities in pursuit of this objective:
The Theatre returned to its usual opening month of September with _Pack of Lies_ . A full season of six main stage plays was produced and 3 studio productions. We finished the season with _Sense and Sensibility_ .
We had a good season artistically, recognised by Greater Manchester drama Federation (GMDF) with 13 nominations in the Fulllength Festival. We were successful in receiving four awards which spread across the company’s range of excellence. One for male actor, one for director, one for best play and one for technical skill.
The 20224/2025 season AGM was held 14[th] August 2025. Representatives for all committees were duly elected for the 2025/2026 season although the Executive position of Technical Co-ordinator remained vacant.
The executive and other committees continued to meet on regular basis during the 2024/2025 season.
We have no youth theatre as part of our own organisation though we enjoy good links with a commercially run Youth Drama Group housed in our theatre premises and run by two of our members.
Our Membership numbers have increase over last year’s number and stood at 134 at the time of the 2025 AGM.
Our goal of moving to become a CIO has progressed significantly during the year. The CIO has been registered for Chads Theatre Company and at the AGM on 14/8/2025 the membership of Chads Theatre Company charity agreed the following resolution to add a rule 29 to the current rules to facilitate the transfer of assets to the CIO:
_“the Charity” means CHADS THEATRE COMPANY (registered charity number 507253)_
_“the existing governing document” means the Rules of the Charity adopted on 22 January 1978 as subsequently amended, the current version of which, incorporating all approved amendments, is dated 16[th] December 2019 and is attached to this resolution._ _**BEING** satisfied that it is expedient in the interests of the Charity_ _**we resolve** , pursuant to the power of alteration contained in Rule 26, that the following powers will be added as Rule 29 to the existing governing document with immediate effect: POWERS_
_29. In addition to any other powers they have the Executive Committee may exercise any of the following powers in order to further the objects (but not for any other purpose):_
_29 (a) to acquire, merge with or enter into any partnership or joint venture arrangement with any other charity formed for any of the objects and_
_29 (b) to do any other lawful thing that is necessary or desirable for the achievement of the objects_
_The Charity is to be administered in accordance with its existing governing document as amended by this resolution._
The resolution was passed with a show of hands. There was no abstention.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Trustees are the Chairman, the Honorary Secretary, the Finance Chairman and the Honorary Treasurer who are all members of the Executive Committee. The management of the Society and its funds are vested in this Executive Committee which also includes the President, the Artistic Coordinator, the Technical Co-ordinator, the Chairs of the Bar, Finance and Publicity committees together with three members elected at the Annual General Meeting. The Executive Committee meets a minimum of five times per year. To aid with the communications and time-sensitive decisions we continue to use a WhatsApp group for the executive. Decisions made with the use of that in that group are recorded as such in the minutes of next executive meeting.
It is considered that all the trustees and any others who could be considered as managers within the charity are deemed to be fit and proper persons under the terms of the Finance Act 2010.
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Charity No. 507253
The contents and obligations of the Equality Act 2010 and GDPR 2018 are known and complied with to the best of the Trustees’ ability. The Trustees recognise that in respect of Risk Assessment, they accept the term 'risk' includes any circumstances that may, or do, have an adverse effect, and is wider than financial matters.
They have been observing the advice given by the Charity Commission in respect of Public Benefit and are conscious of their responsibility regarding fire and accident safety. Documents promoting safe practices and the safe use of equipment are displayed in appropriate areas of the premises. An accident book is maintained. There is a protection policy in place with regard to children. Checks are made with the Disclosure and Barring Service in respect of persons dealing regularly with young people and vulnerable adults.
## FINANCIAL REVIEW
We were able to clear the loan we had taken to help post-Covid recovery and now have no loan debt to service.
A major item of expenditure was the replacement of the bar lounge roof ensuring the area remained watertight and at the same time enhanced insulation.
The financial results of the Charity are presented on pages 7 to 10.
## RESERVES POLICY
Reserves: The Society aims to maintain sufficient working capital for the purposes of the daily running of the Society and this is equivalent to three months of income. Any funds above this amount effectively constitute a reserve which is held against future requirements for capital investment. All funds are unrestricted income funds.
## FUTURE PLANS
We will continue to progress the move of the Charity to a CIO and anticipate its completion during the season 2025/2026. The trustees are confident that the Society will generate sufficient future cash flows to both meet existing liabilities as and when they fall due and to continue with ongoing plans to enhance the theatre. This will be done by careful management of all discretionary spending to protecting existing reserves.
A programme of maintenance, increasing security and improvement of the premises has been drawn up and elements are executed as time and funds allow. We will continue to seek funding support for equipment and refurbishment to enhance our artistic and social offering to the local community.
This report was approved by the Trustees on 30[th] March 2026 and signed on their behalf by
M Hutt, Chairman
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Charity No. 507253
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Charity No. 507253
## CHADS Theatre Company
## Receipts and Payments
for the period 1 July 2024 to 30 June 2025
|
**Income **
|Unrestricted
to nearest £
|
|
Restricted
to nearest £
|
Restricted
to nearest £
|Endowment
to nearest £
£
|This Year
to nearest £|This Year
to nearest £|Last Year
to nearest|
|---|---|---|---|---|---|---|---|---|
|Bar income|21,250||-|||21,250||23,797|
|Teas & Coffees|1,886||-|
||1,886|
|1,902|
|Members lunches|||-|||||-|
|Subscriptions|3,771||-|||3,771||3,210|
|Tuition Fees (Youth Group)|||-|||||-|
|Carpark|1,943||-|||1,943||5,460|
|Donations and fundraising|863||-|||863
659||3,853
1,506|
|Gift Aid|659||-||||||
|Presidents Fund|800||-|||800|||
|Wardrobe Hire|4,214|
|-|
||4,214|
|2,868|
|Plays / Productions|64,984||-|||64,984||59,595|
|Theatre Hire|4,264||-|||4,264||3,698|
|Grants|-||-|||||2,000|
|VAT|-||-|||-|
||
|Advertising Space|-||-|||-||-|
|Interest Received|458||-|||458||444|
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Charity No. 507253
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Other Income|355||-|
|||355
105,447|
|156|
|Sub total|105,447||-||||||108,488|
**Asset and investments**
|Loans received from
Members|-||-
||-
||-
|
|---|---|---|---|---|---|---|---|
|Loans received|-||-||-||-|
|||||||||
|Sub total|-||-||-
||-|
|Sub total|-||-||-||-|
||||||-||
105,477|
|**Total Receipts**|105,477|||||||
|||||||||
**Payments**
|Ground Rent|25||||
||25||25|
|---|---|---|---|---|---|---|---|---|---|
|Rates|63||||||63||58|
|Water|2,551||||||2,551||2,485|
|Insurance|6,320||||||6,320||5,431|
|Electricity|21,202||||||21,202||20,366|
|Waste Management|1,107||||||1,107||1,381|
|Telephone|1,084||||||1,084||759|
|Postage & stationery|||||||||-|
|Printing & Publicity|6,369||||||6,369||5,921|
|Licenses|393||||||393||240|
|Maintenance|17,367||||||17,367||4,707|
|Stage Expenses|6,316||||||6,316||10,333|
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Charity No. 507253
|Subscriptions|747||||||747||636|
|---|---|---|---|---|---|---|---|---|---|
|Front of House Expenses|801||||||801||1,254|
|Sundry Expenses|-||||||-||9|
|VAT|-||||||-||-|
|Accountancy|998||||||998||1,914|
|Royalties|5,743||||||5,743||5,416|
|Scripts|1,181||||||1,181||1,747|
|Bar Expenses|||||||||-|
|Ticket Source fees|4,959||||||4,959||-|
|Bank Interest Fees on loans|||||||||-|
|Wardrobe Expenses|357||||||357||558|
|Presidents Funds|1,174||||||1,174||372|
|Other|45||||||45||34|
|Bar expenses|10,379||||||10,379||11,324|
|Sub Total|**89,181**||||||**89,181**||**74,354**|
**----- Start of picture text -----**
Asset & Investment Purchases - - - - -
Fixtures & Fittings - - - - -
Loan Repayments 7,598 - 7,598 20,711
Members Loans payments - - - - 15,580
Sub Total 7,598 7,598 36,291
96,779 96,779 110,962
Total Payments
-
**----- End of picture text -----**
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Charity No. 507253
8,668 8,668 - 2,474 Total Profit/Loss 55,499 55,499 57,973 Total Fund Last Year **Total Funds This Year** 64,167 64,167 **55,499** ~~S86GE~~ Other Monetary items Unrestricted Restricted Designated Total Bar Stock 2,323.78 2,323.78
**Charity Funds** 25,096.67 **Saver account** 10,605.27 **Main Account** 15,399.96 **Reserve Account** 12,173.96 **Bar account** 891.20 **Cash in hand Total Cash at bank and in** ~~ae~~ **hand** 64,167.06 Signed on behalf of all the trustees by: M Hutt Chairman Date: 30th March 2026
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Charity No. 507253
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Charity No. 507253
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