REGISTERED COlaPANY NUlaBEK' 01528576 (E￿￿nd and Wales) REGisfERED Ctri4Rif( NUMBER: 5110000 Unaudlted FIna￿la1 Statements for Y r Ended 31 Decernt￿r 2024 The Con uest Theatre TNst Llmlted T￿rne Widgery Accountsrq Ltd Chartered Accountants 2 Wyevale Business Pa Klngs Acre Hereford Hereford5hi HR4 7BS The Con est Theatre Trust Limite Contents of the Financial Statements f the Year Ended 31 December 2024 Page Rep)rt of the Trustees Indepen(lent Examlrws Rewrt Statement of FIna￿la[ Actlvltles Balance Sh&t 10 Notes to the Financial Statements 11 to 16 Detalled Statement of FinaTKial Activitie5 17 to 18 Thecc st Theatre TNst Limited of ￿ Trustees for the Year Ended 31 December 2￿4 The trustees who are also dlrectors of the charlty for the purposes of Companles Act 21J)6, present their reFrfXt wfjth the fina￿la1 statements of the charfty for the year ended 31 December 2￿4. The tNstees have adopted the provisions of Attounting and Reportlng by Charitie5: Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffectlve 1 January 20191. OBJEcfivES AND AcfiviTIES Objectives and alms The wmary object for whlch the Tnjst was establlshed Is the promotlon, rnalntenar￿e, Improvement and advancement of education, particularty by the prcmluction of ed￿ational play5 and encoUrage￿nt of the arts. Includir￿ the arts of drama. mime. dance, singing and musk, Ilterature, tKetry, palntfng, sculpture, photography, cir*ma and ali other graphic arts and the fine arts. s the main ancillary, The Tntst presents, prOTh￿teS, or8anises, provides, manages and prod￿e5 plays, dramas. comedies, operas, operettas, burlesques, films, radio and televisTon broathasts, concert5, musical pieces. puppet shows. ballet. a￿1 natlonal. folk and classlcal dancing, entertainments and exhibitions and perfo￿nanCeS. The Trust's objects are all of a charitable nature. Page 1 The Con stTh Tnjst Limited Retxrt of the Trustees for the Year Ended 31 December 2024 O&JECTIVES AND ACTIVITIES Publlc beneflt Fmm 2CN)8. The T￿￿tee$, Annual Report of a Charity has had to i￿lUde a statement or statements of public benefit, demorstratlng that the Charity Commission's principles have b￿n adhered to. 5taternents may be dlffused within the bo(ty of the Report rather than explicit; foilowfng, Mwever. s￿)W$ how the guidance refers to Conquest Theatre step by step. The two Prfndples of Public benefit are: 1 > There be an identifiable tenefit or benefits. a) It must ￿ clear what the benefits are. bl The benefits must be related to the aiThs. cl Beneflts must be bala￿ed agairst any detriment or harm. 21 Benefit must be to the public, or a section of the pubiTC. al The be￿fICIa￿e$ must be appropriate to the aTms. bl Where beneflt Is to a section of the public, the opportunity to benefit must not be unreasonably restricted by geOgra￿lCal or other re5trictlon5. cl People in poverty musl not be excluded from the opportunity to tsnefit. dl Any prfvate ￿nefIts must be incidentsl. l.al What benefits do we offer? The Conquest Theatre offeT5 Opportunities for attending ar￿ partidpatlng In a wfde vartety of artistlc prcrfluction, partlcuiariy The ablllty to pay. Cowuest Theatre costs atrxsut £10,000 a year to maintain, a sta8geringly srnall sum thanks to Tts charitable status and the eFKJrmw5 contrlbutlon of Its volunteers. Wertl*less, without any maintenance grant, almost the full cost must ￿ met by tlcket sales. A mrnial full-￿1Ce tkket is alx)ut £15, which is cheaper than the equivalent at any other theatre wthin a very wide radius, and conce5sion5 are offered for those on penslons, stu(lents arKf the unwaged. Being a I(￿aL theatre, nwJ5t of the audience has a minimal travel cost. Tr cost of hlre of the theatre by local sclthls and 9)cieties is wotiable and reflects the income of the organisation, so that Lack of funds 15, as far as pjssible, not an otfjtacle trj the use of the theatre. 2.d) Prlvate benefits. The 'wivate tEnefits' pmwded by the Conquest Theatre consist of fees payabLe to professional shows brwght in, payments for servlces ￿latIng to the upkeep of the theatre, and mI￿r incidental costs also directly reLatir8 to the alms of the Charity. Page 3 The Con t Theatre Trust Limited of the Trustees for the Year Ended 31 December 2024 ACHIEVEMEKf AND PERFORMANCE Charltsble actlvttles 2024 saw the CofKJue5t continuing to on the soild base establisl*d over p￿￿ouS years. sometimes straining. it has to be sald, at t￿ limlts of our capabllities in tern￿ of volunteers to staff the front of h)use, and to present live actI￿tieS for the enjoyment of the publlc. The theatre was open to one event or another for over 35% of the days of the year, with live events 51i8htly outnumberirw3 frITr6 and streamlngs. Tlcket sales were up by a t￿and, there was a better average of tickets per Perfo￿ar￿e than last year. The CoTrJuests wimary focu5 is on prvaent7Th3 theatrical ￿rformanCeS, arKI 2024 was outstandiry In thi5 respect, the adults produclng Blackadder 11, Cheshire Cats, Edl￿atIng Rita, Shrek the Musical and our ￿Kular pantomime coILatrf)ratlon wlth Our Star Theat￿, whlch this year was Jack and the Beanstalk. Btackadder wa5 ￿rnInated for the Natlonal Operatlc and Dramatlc Association {NODA) award for Best Play in Herefordshire, Educat?ng Rita won Best Play, Best Director, Best Set, Best Actor Best Actress In the Hereford Cwnty Drama Festival, and StrMEk won Pest Musical at the Hereford5hlre NODA awards ceremony. In the Foyer V￿ presented a single cameo perfomiants of H￿l Coward's Still Life, the theatrical precU￿r to the better known film. Brlef Ertounter. Amongst these the Y(Krth Theatre produced OrclEstra (which went on tour to Northampton a5 part of the National Theatre Connectiors festfval) and The BFG" and ￿￿ welcon*d Queen Elizabeth Hi8h School with The Nameles5 Notse, One Vislon School of Arts wtth SIX the h*luslcal and The Little ￿e￿nald, Tr Er￿hanted Group with Snow White: Happlly Ever After and Star T￿atre with Deaths at Sea. Apart from plays, our other main attractlon ts rock Cor￿erts, and wr aUdIe￿e$ were hu8e and delighted with Trigger. Abba. and Queen. while the Enchanted Group's Movie Mu5icaLs and our own Bromyard Wind Band atso fllled tre auditorium. The Foyer continues to provide a useful altemative Stage. and Iv)sted seven of our ever popular Folk in ￿ Foyer cO￿ertS, a My Life in Music, interview with Dr Kevln1151ey and a Poetry Evening. Of the screened pre5entatlons, the most wwLar were wews of Art Exhibition5 such a5 Impresslon15ts and Van Gogh, followed by play5 from the Nat30nal Theatre. and there Is a smaller but ￿gular audien￿ for opera5 a￿1 ballets. The Tnost popular fllm was Six Inche5 of 5011. Ixrt wtrEther thls was ass(Kfated by free food that accompanied it I couldn't 5ayl On top of all thls, V￿ continue to open a very ￿pUlar coffee slw on Saturday r￿MIngS, and h)st variou5 ￿￿etingS of varThts organlsatfors during the daytime. and it all wts qulte a straln on the small band of regular volunteer5 wh) have. not alway5 as tFy expected or ortyinally desired, fouThJ theM￿ve$ a wond home here at least days week. Tr Tru5tee5, ¥¥ho are also pretty hands-on. as I'm sure you kntyy, a￿ IMM￿lY grateful10 all those who offer tkElr services, or are cajoled into offering them. reguiarty or irregularly across the year. Backstage the costume departM￿t and construction department have welcomed w blwd, and it was excitTn8 that four of our TTrhouse productlons were directed by first.timers, and several new actors i￿CaMe Involved as well, of wknm some have become re8ular5. Out front, the coffee-slK*P bar offer opwrtunTtie5 for people who Ilke people. and stewarding lets volunteer5 See shows for free, as tlw have to sit in with the audience. As wlth Just aLKwt all volunteer organisations, help, even irresuLarly. Is always wannly appreciated. Groping towards enlarBln8 our premises continued slov*iy, major development telrrf4 purchase of the carpark adjacent to the front of the theatre from Town CourKil, but plan5 were slTghtly thrown by the discovery that althcwh a completely separate bulldlng mlght ￿t be Ilable for VAT. an extension certainly would be. As the VAT Is likely to be a minlmum of £20,(￿, this is a major consideration and resulted In our adjusting our plar6 towards a separate con5tructfon, whlch will be chea￿r anyway, as a significant part of prevlous qL￿tationS was for linklr¥A the new build to the old. Other Imwovements have ￿en the replacement of of our sets of stage curtairs, and the arrival of some state-of.the.art LED stage Ilghts, which were ￿ed to great effect for the production of Shrek Musical. rd like to fTnish by offerfng a trI￿te to Davld VethThJer, who played ￿ dame in numerous pantomime5 In the distant past Ixrt VRS rmre recently locally farrrf)u5 for hts VKA* at Nozstwk, who died recently and Left us a genern￿4 legacy. We re￿￿nber hirn wth a chuckle. Page 4 uest Tl*atre T￿￿t Limited rt of the Trust for the Year Ended 31 Decanbw 2024 FINANCIAL REVIEW FIna￿la1 positlon The results for year sh)w net income £64.661 12023: £25.739}. IrKome It￿reaSed from £134,208 in 2023 to £188,911, this v￿5 mostly due the Increase In LN)x office Income. W￿ltUre also I￿reaSed from £108.469 in 2023 to £124,250 due rroinly due to hlgher production and LIC￿￿e$ costs. Net assets amounted to £521,54512023: £456,884). Reserve5 and Investment w>licies The cu￿ent Guidance from the Charity Commission starts from ￿ assumption that all Charities S￿Id swd their Income as xKJn as wjsslble and n*d to explain why they are retainlng some of that income. In the first irtsta￿e the Theatre has a general policy of retain1￿ ab)ut £5,CO) In its CuThent account to cover day to day exPer￿es. Amounts at#)ve this will generally ￿ trarsferred to a 5avtrgs account s￿h as that wth ￿ Cambridge & Cwntles Bank. Further detalis on why ￿￿ are contlrnrfng trj Increase our Cash Assets are dealt with I￿low. At ￿ balarKe sheet date the charitys reseNes stood at £521,545 12Lf23: £456.884). of thls baiarKe £23.11)6 (2023: £24.n8} was held in restricted funds. At the baiaTKe sw date "free reserves" were £229.713 (2023: £176.4311. these exdude5 fixed assets. along any designated and restrfcted funds at the >Ear end. FUTURE PLANS The future will see us looking for quotations from a wider ray of consttvction companies, and eventually FKoceeding th the rwi building, which. eSt￿TallY in the light of the irKreasing use of the t￿tre for live events, we are sure will benefit the charity and ttr￿ community which it wves. STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing ¢Jxument, a deed of trust. and constitutes a limited company, limlted by guarantee, as defi￿1 by the Companies Act 2CQ6. (k8anisational structure c(w￿t Theatre TnBt Llmlted Is a CharltsNe Comparty orlwnally fourthd In 1980, whose governing (hxument. the Alemorandum and Articles of A59xiatkn, was redeslgned to fit current Charity Commlsslon mr￿et and adopted by the members nem. cm. at the Annual Ge￿ra1 hAeetfng on 15 Septemlkr 2021. The Tntst Is govemed ty a Nonagement Commlttee, each ff*mber elected for a rvJmlnal three.year term. with option to volunteer for re.election, wh) are also the Director5 of the Ccffipany and TNstees of the TNst. TIETrlr names are set out below. New memt*s of the MaThageff￿nt Committee are contlnually s(Aryht, and one thlrd of the cu￿ent committee have served for fewer than five years. The newly aeJ)pted MenK>ran¢￿m and Articles of Ass(KiatTon Is an amalgam of a trnlws 1*4Emorandum and succe55ion of Constitutions, of which the last was de51gned to prepare the Trust to be converted to a Charitable Incorporated Company, which in the end turned out not to be as SUTtabie as y￿ had hoped. The documents suffer&J from several small I￿or￿lSta￿leS which have been rectified. con5titutTon all0v￿ for ￿re to be between 5 and 15 Trustees. These Trustees are resporsibie for ultimate strategic declsions. they exerdse financial control through regular financial rep)rts. Inductlon and tralnlTra of new trustees New Tnjstees will be given inductlon and trafnlng by a mentor apwlnted by Managen*nt Committee, wll sh(w their legal obligations under Charity and Company law, the Charity commission guldantr on public benefit, the content of the Theatre's hlemornn(knm and Articles of AS5￿1atIon, all of vA)Ich are avallable online, instnKt them in the processes of the LM)ard give them coples of ￿cent flnanclal statements. Page 5 The Con st Theatre Trust Llmited Re ort of the Trustees for the Year ErKied 31 December 2024 STRucfuRE, GOVERNANCE AND MANAGEMENT Related parties The corstltutlon does not penmlt any of the Tnjstees to be employees of the TNst. ReImbu￿ment of expenses does rKJt viokte the constitution, and nor does payment for seTrices reThlered. provided those service5 have Ixen properly wt c4Jt to tender and clearty represent the test interests of the Trust. Such a serwce, the regular cleanirg of the foyer, auditorium and dressing rooms. was u￿rtaken by a Trustee for some ￿nthS durfng the past year. Rlsk management The trustees have a duty to identlfy and re￿eW the rfsks to whlch charfty is exposed and to ensure ap[￿Opl1ate controls are in Nace to provtde reasonable assurance a8airst fraud aThl error. REFERENCE AND ADMINISTRATNE D￿AlLs Reglstered Company number 01528576 {England and Wale51 Registered Charfty number 5110000 Registered office 1 Rowberry Street Bromyard Herefordshire HR7 4DU Trustees HMSFarey S J E Handley {resigned 28.3.241 P R Rlmell S Thmas S Handley J Hugman D Lloyd D Duignan S Smith J Th)ma5 R Brown M Dallow A Burke (resigned 28.3.24) P Davies Ireslgned 28.3.24) The tr￿ a￿ also dirertots of charitable company for the Pur￿Se5 of Crynpany law. Company Secretary HMSFarey Mrs Lisa Weaver ThOrr￿ Widgery Accountarry Ltd Chartered Accountants 2 Wyevale Business Part( KiTh3s Acre Hereford Herefordshire HR4 7BS Page 6 The Con est Theatre Trust Llrnlted of the TnBtees for the Year Ended 31 December 2024 REFERENCE AND ADMINisfRATIVE D￿AlL$ Solkltors Lanyon Bowdler 44 High Street Bromyard HR7 4AE HUM[￿ & Symonds 1 St. John Street Hereford HR12ND Bankers Lloyds Bank PLC 13 Broad Street Bromyard Herefordshire HR7 4BS Cambridge & Counties Bank New Walk Leicester LE1 6TE Redwood Bank The Nexus Bldg Broathay Letchworth Garden City SG6 3TA Approved byorder of the board of tNstees on ..................... . and Sig￿ on 7ts behalf by: M S Farey - Secretary Page 7 Inde dent ExamIne￿5 Re to the Trustees of The Con est Theatre Trust Limited Independent examlnerfs report to the trustees of The Conquest Theatre Trust Llmlted {'the Company.) reFKNt to the charity tru5tee5 on my examination of the accounts of the Company for ￿ year ended 31 December 2024. Resportslbllltles and basls of report As the charitys tru5tee5 of the Company land also Its direttots for the wrp05es of company lawl you are reS￿)nsIbLe for the preparation of the accounts in accordance with the requirements of the Companles Act 2(KJ6 (the 2CKk) Act). Having satisfied myself that the accounts of the Company are not required to audited under Part 16 of 2(￿6 Act and are eligible for Independent examination. I reFQrt in respect of my examinat70n of your charftys accounts as carried out under Section 145 of the Charities Act 2011 {'the 2011 Acf). In carrying out my examination I have followed the Directions given by the Charity Commission under 5ectlon 14515) {bl of the 2011 Act. Independent examlnerfs statement I have completed my exarnination. I confirm that no Matte￿ have come to my attention in conrEction with t examination giving me cause to believe: accwnting r￿ordS were not kept in re5F*rt of the Compary as required by Section 386 of tfrE 2C(J6 Act. or the accounts do not accord Vrfith thjse records. or accounts do not comply with the accountirq requirements of Section 396 of the 2CQ6 Act oU￿r than any requirement that the accOUf￿ give a true and fair wew which TS not a matter considered as part of an iThJependent examirtation; or accwnts have not been prepared in accordarKe with the methods and principles of the Statement of Recommended Practice for accounting aThJ rewrting by chwities (applicable to charities preparing their aCc￿nts in accordance with the Fina￿TraI RetM)rting Standard applicable in the UK and Republlc of Ireland {FRS 102)). I have no COTKerr6 and have come acr055 no other mattets In comection with the examination to which attention sIK)uld be drawn In thls report in order to enable a proper understandln8 of trE accounts to te reached. LknL Mrs Llsa Weaver T￿rne Wldgery knountancy Ltd Chartered Accountants 2 Wyevale BUSI￿ Park Kiros Acre Hereford Herefordshlre HR4 7BS 21 st May 2025 Date: Page 8 The Con est Theatre Trust Limited Statement of Financlal ActMtle5 Incor an Income and Ex nditure Accou c( the Year Ended 31 Decem 2024 31.12.24 Total funds 31.12.23 Total funds Unrestrlcted Restrlcted fund funds Notes INCOK AND ENDOWMENTS FROM Donatiorts and legacies 4.672 4.6TL 4.896 Charltable artlvltles Theatrical Costs 8,421 8,421 OtIEr tradlng aCtI￿tIeS Investment Income 156,387 12,827 169,214 125,360 3,952 Total 176,084 12,827 188,911 134,208 EXPENDITURE ON Raising fund5 12.368 12,368 10,717 Charltable actlvltles Theatrical Costs 111,882 111,882 97,752 Total 124,250 124,250 108,469 NEf INCOME 51.834 12.827 64,661 25,739 RECONaLIATION OF FUNDS Total funds brought fO￿ard 432,156 24,n8 456,884 431,145 TOTAL FUNDS CARRIED FORWARD 483,990 37.555 521,545 456,884 ￿te5 forni part of these fina￿la1 statements Page 9 The Con t Theatre Trust Limited R Tstered number: 01528576 Balar￿ Sl*et r 2024 31.12.24 Total fund5 31.12.23 Total funds Unrestricted Restricted fund fun¢ FIXED ASSErs Tangible assets 254,271 254.277 255.n5 CURRENT ASSErs Stocks Debtor5 Cash at bank and in hand 10 11 1,387 11,218 227.819 1.387 11,218 265,374 2,039 202,515 37,555 240,424 37,555 2TI,979 205,998 CREDrroRS Amwnts faUlr4 wfthln one year 12 (10.711 > {10,711) (4,8391 NEf CURREKf ASSErs 229.713 37,555 267,268 201,159 TOTAL ASs￿s LESS CURRENT LIABIUTIES 483.990 37,555 521,545 456.884 ASSErs 37,555 521.545 456.884 FUNDS Unrestricted funds Re5trfcted funds 13 483,99) 37,555 432,156 24,n8 TOT￿ FUNDS 521,545 456,884 The charitable compary Ts entitled to exempti￿ from audit under Section 471 of the Companies Act 2006 for the year eThded 31 Decemttr 2024. The memba3 have ￿t required the company to obtaln an audlt of Its fInar￿la1 statements for the year ended 31 Decemi*r 2024 In acCOrdar￿ with Section 476 of the Companies Act 2(1)6. The tntst￿ ackThledge their respor￿1b1l{t7e5 for la) ewring that the charitable company keeps accounting records that comply Sections 386 and 387 of the Companies Act 2￿6 and preparing financial statements which give a tnje and fair vlew of the state of affa1￿ of the charitable company as at the end of each financial year and of its surplu5 or deficit for each fina￿la[ year in acCOrda￿e with the requirements of Section$ 394 arKI 395 and which otherwise comply vlith the requirements of the Companie5 Att 2l￿ reiatlng to financial 5tatemersts, 50 far as appiicabie to the charitable compary. {b) These financial statements have been p￿pared in accordarKe the FKovision5 applicable to charltsble companie5 subject to tIE small companies regime. The financial statements were approved by the Board of Tntstee5 and auth)rised for issue and were s11r￿d on its t￿￿lf ty. S T1￿M35 . TnJ5tee The notes fonn part of these finandal 5taterF*nts Page 10 The Con t Theatre Tnjst Llmlted Note5 to the Fi[￿r￿jaI Statements for the Year Ended 31 December 2024 AccouKllNG POLICIES Basls of preparlnq flnarKlal statements The financial statements of the charitable comparty, which is a publlc benÈflt entlty urKler FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Repjrting by Charitie5: Statement of Recommended Practice applicable to charitles preparing tFEir accounts In accoroance with the Flnanclal ReFQrtiny Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective 1 Jawary 2019>,, FInar￿la1 Reporting Standard 102 Tr FinarKial Rewrting Standard applicable ln the UK and Republlc of Ireland and the Companles Act 21J)6. The financial statements have been prepared under the historical cost convention. Goiw Concern The trustees as5es5 whether the use of going concern is apFrfDpriate i.e. whether there are ary material urKertainties ￿lated to events or condltlons that may cast signlflcant doubt on the ablllty of the company to continue a5 a going concern. The trustees make thls assessrrEnt In respect of a perfod of at least one year from date of authorfsation for issue of the finwKkl statements have concluded that company has adequate resources to contlnue In operational exister￿e for the fore￿able future and there ro mat￿la1 uncertainties about the charitys ability to continue as a goiTrd concem, thus t￿ continue to adopt the goir Co[￿eM basis of accounting in preparing the fina￿la( state￿￿Trts. Im)me Ail income is recognTsed Tn the StsterrEnt of Fina[￿la1 A£tivitie5 once the charity has entitlement to the fund5, it is probable that tlE Income wlll be recelved and tt* amount can tE measured reliably. Expenditure Llabilities are recognised as expenditure as soon as there is a le8al or con5tructiYe obllgation cormiltting the charity to that exFenditure, it is probable that a transfer of ecommic benefits will be requlred In settlement and amount of the obligation can be measured reliably. Ex￿nditUre 15 accounted for on an accwa15 basls and has been classified under headlngs that aggregate all Cost ￿lated to the category. Where costs camot te dlrectly attiibuted to particular headir45 tfv have been allocated to artMtle5 on a basls conslstent wSth d Use of resources. Tawble flxed assets DeFKKiation is prowded at the foliowir8 annual ratss In order to wrfte off each asset over its estimated useful Ilfe. Trade and other debtor5 are recognlsed at the settIeff￿nt arn￿nt due. Cash at Baftk Cash at bank and in hand includes cash and short te￿ highly liquid investments ￿th a short maturity of three months or less from the date of o￿nI￿ of the de[￿￿t or similar account. Credltors CredIto￿ and provislors are recognised w￿e the charity has a present obligation resultlng from a past event that wlll probably result in the transfer of fuThJs to a third party and the amount due to settle the obligation can measured or estimated reliably. Creditors and tmisions are norn￿llY recognised at t￿1r settlement amount. Flxed Assets and Depredatlon I￿p￿lation Is caLcuLated to vrtite off the cost of all fixed assets over their estimated useful live5. The rates In use a￿ as foll0v￿. Freehold land Theatre bulldlngs lrn%tslled Plant Fixtures and fittings Plant and Equlpment {Includlng TI￿atre E(wipThEnt> 1% straight lir 5% straight line 10% straight ITne 20% straight Ilne Page11 continued... The Con t Theatre Tntst Llmlted Note5 to the Find￿la1 Statements - contlN*d f(￿ the Y ar Ended 31 December 2024 AccoupmNG POLiaES - contlnued stocks Stocks are valued at the lower of cost and net reallsable value. after making due allowarKe for obsolete and slow nK>ving items. Taxation The charity is exempt from corporation tax on its charitable activitie5. Fund accounting Urtrestrlcted funds can be used In acCOrda￿e wlth the charitsble objectlves at the discretion of the tNstees. Restrfcted funds can only be Ltsed for partlcuLar restiicted wrposes wtthin the objerts of the charity. Restrictions arise when sFEcified by the donor or vthen fund5 are raTSed for particular restricted wrpose5. Further explanation of the nature and purpose of each fund 15 included in r￿te5 to the financial State￿Ents. DONATIONS AND LEGACIES 31.12.24 31.12.23 Donations Member5 5utscriptio 1,082 3,590 1,740 3,156 4.672 4.896 OTHER TRADING AcfiviTIES 31.12.24 31.12.23 Fundraisin8 Box Office Bar sales Coffee, sweets and icecream Hire Sundry receipts NPower feed in tariff 12,882 111,038 20.851 9.n9 5,9n 4,757 3.985 9,576 82,187 20.811 8,134 3,519 938 195 169,214 125,360 INVESTMEfrif INCOAIE 31.12.24 31.12.23 Det#)sit account interest 6.604 3.952 Page 12 continued... The Con st Theatre Trust Llmited Notes to the Financial Statements - continued for the Year Ended 31 December 2024 CHARITABLE AcfNITIES COSTS Direct Jpport Costs Totals Theatrical Costs 86,126 25,756 111,882 INCOMEI{EXPENDITURE) Net T￿me/(eX￿ndItUre) 15 Stated after chargirsl(creditin8): 31.12.24 31.12.23 Independent examlnatlon Depreciation - owned assets 2.284 14,375 2.136 12,157 TRUSTEES. REMUNERATION AND BENEFrrs re were no trustees, remuneration or other benefits for the year ermled 31 December 2024 nor for the year ended 31 December 2023. thjring the year reimbursed expertses totalling £10.7(Kl was pald to 11 trnJstees12023: £15,854 to 7 tnsteesl. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfMTIES Unrestricted fund Restricted fund5 Total fund5 INCQK AND ENDOWAIENTS FRI)M tk)nations and legacies 4,061 835. 4,896 Other trading activities Investment income 121.315 3,952 4.045 125.360 3,952 Total 129,328 134,208 EXPENDITURE ON Raising fun 10,717 10,717 Clorftable actfvltles Theatrical Costs 97,752 97,752 Total 108,469 108.469 NEf INCOME 20,859 4,880 25,739 RECONCILIAMON OF FUNDS Total funds brought foTh¥ard 411,297 19,848 431,145 TOTAL FUNDS CARRIED FORWARD 432.156 24.n8 456,884 Page 13 continued... The Cf est Theatre Tnjst Limlted Notes to the FinarKial Statements - contlrn￿d for the Year Ended 31 December 2024 TANGIBLE FIXED ASSErs Fixture5 and flttlngs In5talted Plant Theatre Bulldings Plant and machlnery Totals COST At 1 Jawary 2024 Additions 97.646 218.438 66.081 65,640 12,927 447.805 12.927 At 31 Detrmber 2024 97.646 218.438 66,081 78,567 460,732 DEPRECIATION At 1 Jawary 2024 Charge for year 50.907 53.598 1,851 60,522 1,568 27,053 6,962 192,080 14.375 At 31 December 2024 54,901 55,449 62,090 34,015 206.455 NEf BOOK VALUE At 31 December 2024 42,745 162,989 3,991 44,552 254.2T/ At 31 December 2023 46.739 164.840 5,559 38,587 255,n5 Included in cost or valuation of Theatre Buildings is freeknld land of £20,333 whlch Is N)t depredated. further plece of Land was purchased in May 2022 costlr4 £13,CQ1 whlch Is also not depreclated. 10. STCKKS 31.12.24 31.12.23 StrKks 1.387 DEBTORS: AMOUltrs FALLING DUE WITHIN ONE YE4R 31.12.24 31.12.23 Other debtors PrepaytrEnts and accrued income 8,421 2,797 2.039 11,218 2,039 Page 14 continued... The Con est Theatre T￿￿t Limited te5 to the Financial Statements - continued fc￿ the Year Ended 31 December 2024 12. CREDITORS: AMOUNTS FALLING DUE WIThIN ONE YEAR 31.12.24 31.12.23 Trath creditor5 Accruals a￿1 ￿feffed income 8.594 2,117 2,344 2,495 10,711 4.839 13. hlOVEMEiif IN ¢uNDS Net nwement In funds At 1.1.24 31.12.24 Unrestricted funds General fund 432,156 51,834 483,91X> Restrlcted fund 24,n8 12,827 37,555 TOTAL FUNDS 456.884 64.661 521,545 Net MoV￿l in funds, i￿lUded in the above are as foll0v￿. I￿ornIng Resource5 resources exp￿￿ Movement Tn funds Unrestrkted funds GerETrl fund 176,084 {124,2501 51,834 Restricted funds Restricted fund 12,827 12.827 TOTAL FUNDS 188,911 {124,250) 64,661 Comparatlves for movomont In funds Net At 31.12.23 At 1.1.23 in funds Unrestricted fund5 General fund 411,297 20,859 432.156 Restricted fwKts Restrlcted fund 19.848 24.T28 TOTAL FUNDS 431,145 25.739 456,884 Page 15 contlnued... The Con st Theatre Tnjst Llmlted Notes to the FIna￿la1 Statements- cOntir￿ed for the Year Ended 31 Decembér 2024 13. MOVEMENT IN FUNDS - contlnued Comparatlve net movement In funds. included In the above are as follows: Incomlng in funds Unre5trlcted fund5 General fund 129,328 (108,469) 20.859 Restricted fuThJ 4.880 4.880 TOTAL FUNDS 134.2t {108.4691 25.739 14. RELATED PARTY DISCLOSURES Mfs Sofle Smlth, trustee, VRS pald £nll as a cleaner In the year(2￿3. £5711. ￿ aTh￿Unts were outstandlng at the year end121r23: £Nil). Page 16 Thecon st Theatre Tnjst Limited Detalled Statement of FIna￿la1 Actlvfties for the Year Ended 31 December 2024 31.12.24 31.12.23 INCOME AND ENDOWMEi¥rs Donatforts and legacles Donatiors lernbe￿ wbscriptions 1,082 3,590 1,740 3.156 4,6ll 4.896 Other tradlng actlvltles Fundraislng P*)x Office Bar sales Coffee, sweets and Icecream Hire Sundry receipts NPower feed in tadff 12,882 111,038 20,851 9,T29 5,9T2 4.757 3,985 9,576 82,187 20,811 8,134 3.519 938 195 169,214 125,360 Investment Income DeFN)Sit accc4Jnt interest 3.952 Charltable acttvltles Grants 8.421 Total incomlThJ r￿lOUr￿S 188,911 134,208 EXPENDITURE Other tradiF¥3 ￿ti¥ltIeS Bar Supplies Coffee bar supplies 8,458 3,910 7,519 3,198 12,368 10.717 Charitable actfvltles Cost of ovffl productlor Licen5es and fees Advertising and promotTon Sundries Depreciation of tangible fixed assets 9,954 57,030 3,571 1,197 14,374 46.T25 4.172 12,158 86.126 70,597 Support Costs Flnance Bank charges 550 Other Print, stat, tel,post Canled foThiard 1,369 1,369 1,990 1,990 Th75 page (k)es Th)t forni part of the statutory fina￿la1 statements Page 17 The Con est Theatre Tntst Llmlted Detailed Statement of FInar￿la1 ACti￿tieS for the Year ErKled 31 December 2024 31.12.24 31.12.23 Other Brought fO￿ard Light, heat & water Repaits. maintenance & hire Rent. rates and InsuraKe Bank charges ACcounta￿Y fees 1.369 13.321 4,n7 3.079 426 1.990 13.666 5.479 3.369 66 22.922 25,019 Inde￿ndent examlnatlon 2,284 2,136 Total resource5 eX￿ded 124.250 108,469 Net income 64,661 25,739 Thi5 page doe5 not form part of the Statutory financial statements Page 18