REGisfERED COMPANY NUMBER: 01528576 (England and Wales
REGISTERED CHARrrY NUMBEL. 51100(K)
Re rt of the Trustees and
Unaudited Financial Statements
for the Year Ended 31 DeceffltEr 2023
for
The Con
est Theatre Trust LTMI
Thome Widgery Accountancy Ltd
Chartered Accountants
2 WyevaLe Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

The Con uest Theatre Trust Limited
Contents of the Financial Statements
for the Year Ended 31 December 2023
Page
Report of the Trustees
1 to 7
Independent Examinerfs ReFQrt
Statement of Financial Activities
Balance Sheet
10
Notes to the Financlal Statements
11 to 16
Detalled Statement of Financial Activities
17 to 18

The Con est Theatre Trust Limited
Re
rt of the Trustees
for the Year Ended 31 December 2023
The trustee5 who are also directors of the charity for the purwses of the Companies Act 2006, present their rewrt
with the financial statement5 of the charity for the year ended 31 December 2023. The trustees have aijopted the
provision5 of 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 Republlc of
Ireland (FRS 1021 (effective l January 20191.
OBJECTIVES AND ACTIVITIES
Objectlves and aims
The primary object for which the TrLSSt was establlshed is the promotion, maintenance, improvement and
advancement of education. particularly by the production of educati¢)nal plays and the encouragement of the arts,
including the arts of drama, mime, dance. singing and music, literature, poetry, painting, sculpture, photography,
cinema and all other graphic arts and the fine arts.
As the main ancillary. The Trust presents, promotes. organises, provide5, manages and pr0dl￿e5 plays, dramas,
comedies, operas, operettas, burlesques. fil￿, radio and television broadcasts. concerts. musical pieces, puppet
shows, ballet, and rtational. folk and classical dancingi entertainments and exhibitions and performances.
The Trust's objects are all of a charitable nature.
Page 1

The Con
est Theatre Trust Llmlted
Re
rt of the Trustees
for the Year Ended
1 December 2023
OBJECTIVES AND AcnviTIES
Public benefit
From 2(X)8, The Trustees, Annual Report of a Charfty has had to include a statement or statements of public be￿1¢.
demonstratlng that the Charity Commission's principle5 have been adhered to. The statements may be dlffused withln
the body of the Report rather than explicit. the foliowlng, however. shows how the guidance refers to Conquest
Theatre step by step.
The two Principles of Public benefit are:
11 There must be an identifiable benefit or tenefits.
al It must be clear what the benefits a￿.
b) The benefits must be related to the aims.
c} Benefits must be balanced agalnst any detriment or harm.
21 Beneflt must be to the public, or a sectlon of the public.
al The beneficiaries must be appropriate to the aims.
b) Where benefit is to a section of the public, the opportunity to l)enefit must not be unreasonably restricted by
geographical or other restrictions.
c) People in poverty Must not be excluded from the opportunity to l)enefit.
dl Any private beneflts must be incidental.
1.a} What benefits do we offer?
The Conquest Theatre offers opportunlties for attending and participating in a wide varfety of artistic prodLftion,
particularly drama, but including cinema, Ilve streaming, music and graphic arts, among others. Its Youth Section is
an important and thri￿ng section of its activities. We also offer a gathering space for cultural societies such as Lc(al
Hlstory and Flower-Arran8ing.
The theatre is fully equipped with lightlng, sound, projection, changing and
refreshment facllities. The nearest equivalent venues for a similar range of activities are half an hour or more's drive
away.
1.bl How do the benefits relate to the alms?
The Charitable Objects of the Conquest Theatre Trust are currently stated to be:
-to promote, maintain, improve and adVa￿e education, particularly by the productlon of educational plays and the
encouragement of the arts, including arts of drama, mime, dance, singing and music, literature, poetry, painting,
sculpture, photography and all other graphlc arts and the fine arts, and to fomiulate, prepare and establish schemes
therefore."
The opportunities offered by the theatre clearly relate directly to these aims. Although it may be said that
Involvement in almost any artlstlc activity is educational, this aim is specifically addressed by the Youth Theatre, and
the opportunity for adults to improve thelr acting, backstage or front-of.house ability by expertence and the Drama
club which meets regularly for just this purpose.
1.cl Is any detriment or harm attributable to the theatre?
In a word, no. The theatre does not detract from any other local actlvlty whlch might be enhanced by its closure, and
causes no more dlsruption to the environment than would ensue were it closed or replaced by something else.
2.a) Our beneficiaries.
The variety of activities carried out at the Conquest Theatre means that all members of the publlc are p)tential
beneficiaries of the education in and encouragement of the arts offered by the Charfty. Membership of the Theatre is
open to anybody, and within the membership, everybody has the opportunity to becon** a member of the
Nonagement Committee.
Geographically• the population of Bromyard (about 5C4JOI is within ten minutes walk. Although there is M longer a
Lack of theatre5 in Leominster and Tenbury playgoers from those areas also patronise the Conquest, and various
reasons bring people in from the Kiddermlnster. Worcester, Malvern, Ledbury and Hereford areas as well. In terms of
artlstlc Interest, opportunities are offered as spectators, participants las performers, technician5, Stage designers,
costume designers or in dlrection and rnanagerr￿nt of a strH)w), or as part of a leisure facility rnanagen￿nt team. The
range of activities Include those of particular appeal to a wide range of ages (from pre-primary school to wartime
sing-alongs and meetings for the Herefordshire care￿ or8anisation) and artistic tastes.
Page 2

The Con uest Theatre Trust Limited
rt of the Trustees
for the Year Ended 31 December 2023
oWE￿IVEs AND ACTIVITIES
2.b} Restrictions.
Obvio￿lY. any particular activity of the theatre may be of interest only to a minority of the public, but the range of
actiwities offered over a year means that nobody of any artistic enthu￿asM is excluded. For those who have difficulty
attending evening performances matinees are offered for popular shows in the aftemoon, and special events (such as
film showings) for people who may have mobility problems are also arranged during the day. The Conquest Theatre is
fully accessible to wheelchairs, and a hearing loop system is installed. Belng in the centre of town, and surrounded by
a car park, the Conquest Theatre is convenient to all its patrons. Occasionally, where appropriate, vehicuLar transfer
Is arranged for particular groups.
2.c) The ability to pay.
The Conquest Theatre costs about £10,000 a year to malntaln, a staggeringly small sum thanks to its charitable status
and the enormous contribution of Its volunteers. Nevertheless, without any maintenance grant, almost the full cost
must be n￿t by ticket sales. A nomial full-price ticket is about £10, which is cheaper than the equivalent at any
other theatre within a very wide radius, and concessions are offered for those on pension5, Students and the unwaged.
Being a local theatre. most of the audience has a minimal travel cost. The c05t of hire of the theatre by local schcois
and soaeties is negotiable and reflects the income of the organisation. so that lack of funds is, a5 far as possible, not
an obstacle to the use of the theatre.
2.d> Private benefits.
The 'private benefits. provided by the Conquest Theatre consist of fees payable to profes5i0nal slw)ws brought in,
payments for se￿iceS relating to the upkeep of the theatre, and minor incidental costs also dlrectly relating to the
aims of the Charity.
Page 3

The Con uest Theatre Trust Limlted
Re ort of the Trustees
for the Year Ended 31 December 2023
ACHIEVEMENT AND PERFORMANCE
Charitable activities
In many ways 2023 was quite a normal one for the Conquest Theatre, but then, how do we define 'normal? The
theatre was open for perfonnances for Just over one third of all the day5 of the year, seating an average of just under
60 at each perfomance. Over the year, that came to about 74￿ "bums on seats." These days V￿re split about half
and half betvRen live and recorded or transmitted shows.
Of the transmissions, about half were films, and tT¥)St of the rest opera, ballet, live-streamed plays from the National
Theatre, exhibitions of paintings, and concerts from s￿h as the Berlin Philharmonic and André Rieu. Of the live
sknys, just under half were musical perfonnances, mostly our regular Folk in the Foyer series, under the guardianship
of Roger Pugh" with a couple of concerts by the Bromyard Wind Band and visiting musical groups. Two other *ries
vthich seem to have set up home here are the lectu￿5 hosted by the Bromyard and District History Society, and a form
of Local Desert Island Discs, vthen well-known Bromyard characLers, sL￿h as John Silver and Mike Cresswell. tell us
re than tly were expecting to about their fasanating life-stortes.
Wonderful. Tnteresting and various though all these were, almost half the tickets sold were for live performances on
the stage, of which the biggest. m05t popukr and highest-eamer was Camelot The Panto, direrted by Nikki Ivison.
closely followed by Biq The Musical. directed by Becky Cook. Both V￿re slightly unconventional in their way, but tK)th
were huge SLKce55es and both eamed nominations for the West Midlands section of the National ODeratic and
Dramatic AsxKiation awards.
We were also pleased to host Ludwig Theatre Art5 youth production of the Wizard of Oz. and Our Star Theatre's
pantomime, hbther Goose, which was a collaborative production mstly involving regular Conquest actors and
technicians. Our ovm Youth Theatre produced a Summer Showcase, our whole Drama Group produced a Winter
Showcase, and in between there was an entertaining circus-based community theatre production about the famous
Bromyard elephants.
Add to these various idiosyncratic events such as Poetry In Performance and the Ilve stream of the Coronation of King
Charles, and there we have a 'normal' year of production at the Conquest.
Less easy to quantffy, mostly because I cant get the data from ticketsource, our prlncipal income stream, are our
non-production activities. Our foyer hosts an ever changing art exhibition, and our Saturday coffee-mmings attract
regular trtrtings of variou5 local groupsi from the Town Councll to the Women's Institute. Behind the scenes, the
coffee-club burrow away constructing scenery and endless little improvements to the infrastructure, and up in the
wardrobe, our extremely knowledgeable costume ladies guide a succession of renters through requirements they
sometimes havent even realised they needed.
In February we were granted planning ￿mIsSIOn for extendlng the COff￿-shOP area of the Theatre Foyer In both
length and width, and fTlling the space betV￿en the two sides of the L with a ralsed patio. Although funds have
accumulated over the Last few years. they are not adequate on their own for the completion of the task, and grants
have not been as forthcoming as we had hoped, so consideration has been given to completing the job in stages, and
builders have been consulted regarding how to do it.
In June we were deeply saddened when Trevor Smith, our former Treasurer and Coffee-club coordinator died after a
short illness. From the mment he and Anne arrived in Bromyard. he brought an expeiienced and analytical eye to
every aspect of the Theatre, and especially to its finance5, $0 that it was difficult to spend trM)re than a penny Trmthout
his querying whether it couldn't have been better spent, or it5 end achieved nK)re cheaply. Although this approach
could be frustrating. it bore extremely satisfactory fruit, saving u5 huge aff￿unts in overheads, streamlining our
procedures and keeping u5 Up-to-date with recent developments in theatrical affairs. Shortly after his arrival on the
management team years ago, he l(K)ked forward to day when the theatre V￿ULd open its doors to public every
w￿kend. I think he must be pleased with the progress he has helped to oversee - except that cofflplacency was never
a part of his character, and I'm sure he would have had plenty more ideas if he was still with us. Each in our different
ways, we miss his input and his energy.
Page 4

The Con
est Theatre Trust Limited
e rt of the Trustees
for the Year Ended 31 December 2023
FINANCIAL RErfIEW
rinancial position
The results for the year show net income £25,739 {2022: £29,073). Income increased from £107,613 in 2022 to
£134,208, this was mostly due the increase in box office income. Expenditure also increa*d from £78,540 in 2022 to
£108,469 due mainly due to higher production and licences costs.
Net assets amounted to £456,88412022: £431,145).
Reserves and Investment policie5
The current Guidance from the Charity Commission starts from the assuTnption that all Charities S￿uld spend their
income as soon as possible and need to explain why they are retaining some of that income.
In the first instance the Theatre has a general policy of retaining about £5.0￿ in its Current account to cover day to
day expenses. Amounts above this will generally be transferred to a savings account such as that with the Cambridge
& Counties Bank. Further details on why we are continuing to increase our Cash sifjsets are dealt with below.
At the balance sheet date the charity's reserves sttsjd at £456,884 (2022: £431,145), of this balance C24,n8 12022:
£19,848) was held in restricted funits.
At the balance sheet date "free reserves" were £176,431 {2022: £150,791), these excludes fixed assets, along with any
designated and restricted funds at the year end.
FisfuRE PLANS
The theatre continues to look forward to a major extension to its footprint, following the purchase of part of its
adjoining carpark. Planning permlssion for Phase 1, involving the enlargement of the foyer and enhancement of the
area Just outside, has been received, and quotations are being sought from builders. This has taken longer than
hoped, and it is not clear when we will actually be able to commence work, particularly as we may have to set aside a
'dark' window In our schedule for it to happen wlthout disruption.
From a theatrical activity point of view, we hope to increase our number of local amateur productions, eskEcially
involving young people from local Youth Theatre organlsations, and to improve and formalise many of our operatlng
pollcles, sL￿h as chaFeroning and safeguardlng.
Some modernising of equipment, particularly stage lighting and film projectlon, is also underway.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by
guarantee, as defined by the Companies Act 2006.
Organisational structure
The Conquest Theatre Trust Limited is a Charitable Company originally founded in 1980, whose governing dc(ument.
the MerTh)randum and Articles of Association, was redesigned to fit the current Charity Commission rThJdel and adopted
by the members nem. con. at the Annual General hketing on 15 September 2021.
The Trust is govemed by a Management Committee. each Mern￿r elected for a nominal three-year temi, with the
option to volunteer for re-election, who are also the Directors of the Company and the Trustees of the Trust. Their
names are set out below. New member5 of the Management Committee are continually sought, and one third of the
current committee have seNed for fewer than five year5.
The newly adopted Memorandum and Articles of Association is an amalgam of a previous Memorandum and a
succession of Constitutions, of which the last was designed to prepare the Trust to be converted to a Charitable
Incorporated Company, which in the end turned out not to be as suitable as we had hoped. The two documents
Suffered from several small inconsistencies which have been rectified.
The new constitution allows for the￿ to be between 5 and 15 Trustees. These Trustees a￿ ￿sPonSIble for ultimate
strategic decisions, and they exerci* financial control through regular financial reports.
Page 5

The Con uest Theatre TNst Limited
rt of the Trustees
for the Year Ended 31 December 2023
STRUCTURE, GOVERNANCE AND IiANAGEMEKr
Induction and training of new trustees
New Trustees wtll be gTven induction and train7ng by a mentor appointed by the Management Committee, who wll
show them their legal obligations under Charity and Company law, the Charity commission guidance on public benefit,
the content of the Theatre's Memorandum and Articles of Association, all of which are available online, instruct them
In the prc(e5ses of the board and give them copies of recent financial statement5.
Related partie5
The constitution d￿S not permit any of the Trustees to be employees of the Trust. Reimbursement of expenses does
not violate the constitution, and nor does payment for services ￿ndered, provided those semces have been properly
put out to tender and clearly represent the best interests of the Trust. Such a seThice, the regular cleaning of the
foyer, auditorium and dressing room5, was undertaken by a Twstee for some mnths during the past year.
Risk management
The trustees have a duty to identify and rewew the risks to which the charity is exposed and to ensure appropriate
controls are In place to prowde reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE D￿AlLs
Reglstered C(Mnpany number
01528576 (England and Wales)
Reglstered Charity number
511(XlOO
Registered offlce
1 Rowberry Street
Bromyard
Herefordshire
HR7 4DU
HMSFarey
S J E Handley (resigned 28.3.241
P R Rimell
S Thomas
S Handley
J Hugfflan
D Lloyd (appointed 3. 5.231
D Duignan (appointed 31. 5.231
S Smith
J Thomas
R Brown
M Dallow
A Burke (resigned 28.3.241
P Davies (resigned 28.3.241
The trustees are also directors of the charitable company for the purposes of Company law.
Company Secretary
HMSFarey
Page 6

The Con
est Theatre Trust Lirnlted
rrt of the Trustees
f he Year Ended 31 December 2023
REFERENCE AND ADMINISTRATIVE D￿AlLs
In*endent Examiner
Mrs Lisa Weaver
Thome Widgery AccountarKy Ltd
Chartered Accountants
2 Wyevale Business Park
King5 Acre
Hereford
Hereford5hlre
HR4 765
Sollcltors
Lanyon Bowdler
44 High Street
Bromyard
HR7 4AE
Humfrys & Symond5
1 St. John Street
Hereford
HR12ND
Bankers
Lloyds Bank PLC
13 Broad Street
Bromyard
Herefordshire
HR7 4BS
Cambridge & Countie5 Bank
New Walk
Leicester
LE16TE
Redwood Bank
The Nex*Js Bldg
Broadway
Letchworth Garden City
SG6 3TA
Apwoved by order of the t￿￿rd of trustees on ..
'Io '2 *..... and signed on its behalf by:
H M S Farey- Secreta
Page 7

Inde endent Examlnerfs Re ort to the Trustees of
The Con
uest Theatre Trust Llmited
Independent examiner's report to the trustees of The Conquest Theatre Trust Llmlted I'the Company
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31 December 2023.
Responsfbllltles and basls of report
As the charitls trustees of the Company land also its directors for the purposes of company law) you are resFonsible
for the preparation of the accounts In accordance with the requirements of the Companies Act 20061.the 2006 Act.).
Having satisfied myself that the accounts of the Company are not required to l)e audited under Part 16 of the 2006 Act
and are ellglble for independent examination, I report in respect of my examination of your Charit￿s accounts as
carried out under Section 145 of the Charltfes Act 2011 1.the 2011 Act'}. In carrying out my examination I have
foll0v￿￿ the Directions given by the Charity Commisslon under Sectlon 145(5) {b) of the 2011 Act.
Independent examlnerfs statement
I have completed my examlnation. I confirm that no matters have come to my attention in connection with the
examinatlon giving me cause to believe:
accounting records were not kept in respect of the Company as required by Sectlon 386 of the 2CIJ6 Act" or
the accounts do not accord with those records. or
the accounts do not comply with the accountlng requirements of Section 396 of the 2LKi6 Act other than any
requirement that the accounts give a true and fair vlew whlch is not a matter considered as part of an
independent examination. or
the accounts have not been prepared in accordance with the methods and princlples of the Statement of
Recommended Practice for accounting and reporting by charities (applicable to charities preparlng thelr
accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021).
I have no concerns and have come across no other matters in connection with the examination to which attention
should be drawn in thls rewrt in order to enable a proper understanthng of the accounts to be reached.
Mrs Lisa Weaver
Thorne Widgery Accountancy Ltd
Chartered kcountants
2 Wyevale Business Part<
Kings Acre
Hereford
Herefordshire
HR4 7BS
Page 8

The Con uest Theatre Trust Limited
Ststement of Financial Activities
Llncorporatin
an Income and Ex nditure Account
for the Year Ended 31 December 2023
31.12.23
Total
funds
31.12.22
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
4,061
835
4,896
6,586
Other trading activities
Investment income
121,315
3,952
4,045
125,360
3,952
99,693
1,334
Total
129,328
4,880
134,208
107.613
EXPENDITURE ON
Raising funds
10,717
10,717
6,565
Charltable activities
Theatrical Costs
97.752
97,752
50,035
Other
21,940
Total
108,469
108,469
78,540
INCOME
20,859
4,880
25,739
29,073
RECONCILIATION OF FUNDS
Total funds brought forward
411,297
19,848
431,145
402,072
TOTAL FUNDS CARRIED FORWARD
432,156
24,728
456,884
431,145
The notes form part of these financial statements
Page 9

The Con
5t Theatre Trust Limited
stered number: 01528576
Balance Sheet
31 December 2023
31.12.23
Total
funds
31.12.22
Total
funds
Unrestrlcted
fund
Restricted
funds
Note5
FFXED ASSETS
Tangible assets
255,725
255.725
260,506
CURRENT ASSErs
Stocks
Debtors
Cash at bank and in haThJ
10
11
1.210
1,661
176.836
2.039
177.787
2,039
202,515
24,728
181,270
24,728
205,998
179,707
CREDITORS
Amounts fallir4 due wthin one year
12
(4,8391
14,8391
19,1168)
Nrr CURRENT ASSErs
176,431
24,n8
201,159
170,639
TOTAL ASSETS LESS CURRENT LIABILITIES
432,156
24.728
456,884
431,145
NET ASSErs
432,156
24,n8
456,884
431,145
FUNDS
Unrestficted fun(14
Restricted funds
13
432,156
24,728
411,297
19.848
TOTAL FUNDS
456.884
431,145
The charitable company Is entltled to exemption from audit under Sectlon 477 of the Companie5 Act 2CQ6 for the year
erKled 31 Oecemter 2023.
The mefflbers have not required the company to obtain an audit of its financial statements for the year ended
31 December 2023 in accordance with Section 476 of the Companies Act 2CQ6.
The tru5tee5 ackrn)wledge thelr r￿ponsIbl11t7es for
lal
er￿uring that the charitsble company keep5 accounting records that comply with Section5 386 and 387 of
Companies Act 2006 and
preparing flnancial ststements which give a tnje and falr ￿eW of the state of affair5 of the charitable compary
as at the end of each financial year aThJ of its surplLS or deficit for each financial year In accordance with the
requirements of Sections 394 and 395 and which otherwise comply ￿th the requlrements of the Companies Act
2[￿ relatin8 to financial statements, so far as applicable to the charitable company.
bl
These financial statements have been prepared in accordance with the provisions applicable to charftable companbes
subject to the small companies regime.
The financial statements were approved by the Board of Trustees and auth0ri5ed for issue
.1.4.th..ff)qg...@Q.,X.+.......,...... and were signed on Its kehalf by:
S Thomas . Trustee
The note5 form part of these financial statements
Page 10

The Con
est Theatre Trust Limited
Notes to the Financial Statements
for the Year Ended 31 December 2023
ACCOUNTING POLICIES
Basis of preparlns the financial statèments
The financial statements of the charitable company) which is a public benefit entity under FRS 102, have teen
prepared In accordance with the Charities SORP {FRS 102) 'Accountlng and Reporting by Charities: Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financlal
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,.
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
IreLand' and the Companies Act 2￿6. The financial statements have been prepared under the historical cost
convention.
Going Concern
The trustees assess whether the use of going concem 15 appropriate i.e. whether there are any material
uncertainties related to events or conditions that may casl significant doubt on the ability of the company to
continue as a going concern. The trustees make this assessment in respect of a period of at least one year from
the date of authorisation for issue of the financial statements and have concluded that the company has
adequate resources to continue in operational exister￿e for the foreseeable future and there are no material
uncertaintie5 about the charitvs ability to continue as a going concern, thus they continue to adopt the going
concern basis of accounting in preparing the financial statements.
Income
All income is recognised In the Statement of Financlal Activities once the charity has entitlement to the fund5,
it is probable that the income will be received and the amount can be measured reliably.
Expendlture
Liabilities are recogni5ed as expendlture as S{￿ a5 there is a legal or constructive obligation commlttlng the
charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement
and the amount of the obllgation can be measured reliably. ExFenditure is accounted for on an accruaLs basis
and has been classified under headings that aggregate all cost related to the category. Where costs cannot be
directly attributed to particular headings tlw have been allocated to act7Vities on a basis conslstent with the
use of resources.
Tan8lble fixed assets
Depreciation is provided at the followng annual rates in order to V￿lte off each asset over its estimated useful
life.
Debtors
Trade and other debtors are recognised at Settien￿nt amount due.
Cash at Bank
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturlty of three
r￿nthS or less from the date of opening of the dep051t or similar account.
Creditors
Creditors and prowsions are recognised where the charity has a present obligatTon resulting from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the obligation
can be measured or estimated reliably. Creditor5 and prowsions are nonnally recognised at their settlement
amount.
Fixed Assets and Depreciation
Depreciation is calculated to write off the cost of all fixed a55ets over their estimated useful lives.
The rates in use are as follows:
Freehold land
Theatre buildings
Installed Plant
Fixtures and fittings
Plant and Equipment Ilncluding Theatre Equipment)
Nil
1% straight line
5% straight Ilne
10% straight line
20% straight line
Page 11
continued...

The Con
est Theatre Trust Llmlted
Notes to the financial Statements - continLpd
for the Year Ended 31 December 2023
ACCOUNTING POUCIES - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after makin8 due allowance for obsolete and
slow movlng items.
Taxatlon
The charity is exempt from corporation tax on Its charvtable activvties.
Fund accountln8
Unrestrfcted funds can be used in accordance with the charftabie objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for partlcular restrlcted purposes.
Further explanation of the nature and purp)se of each fund is included In the notes to the financial
statements.
DONATIONS AND LEGACIES
31.12.23
31.12.22
Donations
Grants
mbers subscriptions
1,740
1,279
2,667
2,640
3,156
4,896
6,586
Grants received. included in the above. are as follows:
31.12.23
31.12.22
Herefordshire Councll
2,667
OTHER TrADING AcfiviTIES
31.12.23
31.12.22
Fundraising
Box Office
Bar sales
Coffee. sweets and Icecream
Hire
Sundry receipts
NPower feed in tariff
9,576
82,187
20,811
8,134
3.519
938
195
10,951
60,536
14,541
6.214
5,251
140
2.060
125,360
99,693
Page 12
continued...

The Con uest Theatre Trust Limited
Notes to the Flnancial Statements . continued
for the Year Ended 31 December 2023
INVESTME1￿ INCOME
31.12.23
31.12.22
Deposit account interest
3,952
1,334
CHARITABLE ACTIVITIES cosrs
Direct
Costs
Supwrt
osts
Totals
Theatiical Costs
70,597
27,155
97,752
Nrr INCOMEI(EXPENDITURE)
Net income/(expenditurel Is stated after char8ingllcrediting):
31.12.23
31.12.22
Independent examlnation
Depreclatlon - owned assets
2,136
12,157
12,912
TRUSTEES. REMUNERATION AND BENEFTrs
There were no twstees. remuneratlon or other benefits for the year ended 31 DeceffltEr 2023 nor for the year
ended 31 December 2022.
Trustees. expenses
During the year reimbursed expenses totalling £15,854 was paid to 7 trustees12022: £11.753 to 8 trustees),
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacles
6,586
6,586
Other trading actlvities
Investsnent income
88,792
1,334
10,901
99,693
1,334
Total
96.712
10.901
107,613
EXPENDrruRE ON
Raising funds
6,565
6,565
Charftable artivities
Theatrical Costs
48,703
1,332
,035
Other
21,940
21,940
Totsl
77,208
1,332
78,540
INCOME
19,504
9,569
29,073
Page 13
continued...

The Con uest Theatre Trust Limited
Notes to the Financial Statements - continLEd
for the Year Ended 31 December 2023
COMPARATIVES FOR THE ¥fATEMENT OF FINANCIAL AcnviTIES- contlnued
Unrestricted
fund
Restricted
funds
Total
funds
RECONCILIATION OF FUNDS
Total funds brought forward
391,793
10,279
402,072
TOTAL FUNDS CARRIED FORWARD
411,297
19,848
431,145
TANGIBLE FIXED AssErs
Fixtures
and
flttlngs
Installed
Plant
Theatre
Buildings
Plant and
machinery
Totals
COST
At 1 January 2023
Additions
97,646
218,438
66,081
58.264
7,376
440.429
7,376
At 31 December 2023
97,646
218,438
66,081
65,640
447.805
DEPRECIATION
At 1 January 2023
Charge for year
51,786
1.812
59,911
611
21,317
5,736
179,923
12,157
3,998
At 31 December 2023
50,907
53,598
60,522
27,053
192,080
NEf BOOK VALUE
At 31 December 2023
46,739
164.840
5,559
38,587
255,725
At 31 December 2022
50,737
166,652
6,170
36,947
260,506
Included in cost or valuation of T￿atre Building5 is frtrhold land of £20,333 which is not depreclated.
further piece of Land was purchased in h•Ay 2022 costing £13,001 which is also not depreciated.
10.
STOCKS
31.12.23
31.12.22
Stocks
1,210
11.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Prepayments and accrued income
2,039
1,661
Page 14
contlnued...

The Con uest Theatre Trust Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
12.
CREDITORS: AhlOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Trade creditors
Accruals and deferred income
2,344
2,495
7,268
1,8
4,839
9,068
13. MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.23
At 1.1.23
Unrestrlcted funds
General fund
411,297
20,859
432,156
Restrfcted funds
Restricted fund
19.848
4,880
24,728
TOTAL FUNDS
431,145
25,739
456,884
Net mvement in funds, included In the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted fund5
General fund
129,328
(108,469)
20,859
Restrlcted funds
Restricted fund
4,880
4,880
TOTAL FUNDS
134,208
(108,469)
25,739
Comparatives for movement in fund5
Net
movement
In funds
At
31.12.22
At 1.1.22
Unrestrlcted funds
General fund
391,793
19,504
411,297
Restrfcted funds
Restricted fund
10,279
9,569
19,848
TOTAL FUNDS
402,072
29,073
431,145
Page 15
continued...

The Con uest T￿atre Trust Limited
Notes to the Financial Statements - continued
for the Year Ended 31 December 2023
13.
MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
96,712
IT7,208)
19,504
Restricted funds
Restricted fund
10,901
(1,3321
9,569
TOTAL FUNDS
107,613
178.540)
29,073
14.
RELATED PARTY DISCLOSURES
Mrs Janet Hugman, trustee, was paid £nil as a part time cleaner in the year to 31 December 2023
{2022:£515.001. No amounts were outstaniling at the year end12022: £Nill.
Mrs Soffe Smith, trustee, was paid for cleaning seryices £571 12022:£230}. No amounts were outstanding at the
year end (2022: £Nill.
Page 16