REGIsTED COMPANY NUMBEK" 01528576 IEwlard and Wales REGISTERED CFL4RITY NUMBER: 511000 Re rt of the Tnjstees and Unauthied FInala1 StaterIts ConeSt Theatre T¢ MIled Thjrne Wldsery £countaKy Ltd Chartered Accountants 2 Wyevaie Bu5ine5s Park KinES Acre Fkneford Hereford5hire HR4 7B5
The Con tre Trust Lirni Contènts of FInala1 StatetrEnts for the Year Ended 31 December 2025 Rep)rt of tt Tru51ee5 I ro 7 lTrTh*nt Examinefs ReFL)rt Statement of FInala[ Activities BaLae sheet 10 to 11 Hote5 to Fina71 Statements 12 to 17 Detalled Statement of Financial Actiwties 18 to 19
The Con ue5t Theatre Tnjst Limited ort of the Trustee5 for the Year Ended 31 Decemw ZOZ5 The tru5tee5 whD are also dlrector5 of the charfty for the wryn5es of the Companles Acl 2CIJ6. wesent t1[ rew)rt wlth finarKial ststements of the chadty for the year ended 31 December 2025. trustees have adopted the provlsion5 of and Re[Krti8 by Charitie5.' StaterTMt of Recomrnended Practice applicable to charikne5 prepadng the1r ounts In accordarKe with the FInala1 Reporting StaThdard applicable in the UK and Republic of Ireland IFRS 102 (effective 1 January 20191. OWEcfivES AND ACflVtnES Objecttyes and alms primary object for vthkh TnJ5t wa5 established 15 the protion. rnaintenance. inyovement and a{aemEnt of edLKation, particularly by the VodtIon of educatlonal plays and the encOurdgerYt of the arts, inciudlng arts of thanNa, min, éarte, slwlng atKI sic. literatwe. wÈtry, painting, sculpture, pFx)tO8raphy, cirma and all other 8raphic art5 arKI the fine arts. As tl maln antiliary. Tr TnJ5t presents, wurntes, organises, w0des, manages ar prod( th, drnmas. tondes. opera5. opereitas, burteswes, fllms, radlo and telewsion broadcasts, concerts. rnu5ical pleces, s, ballet. and ThaOal, folk and classical darKing, entertainments and exhibitions perforn)ances. The TThAst's objects are all of a charftable nature. Page 1
Con t Theatre Trust Llmlted of the Tru5tee5 for Year En¢Jed 31 DeceMr 2025 OBJECTIVES AND AcnvmES Publk From 2CQ8, Th2 Trustees, Amual Rewjrt of a Charfty has had to IlUde a statennt or statements of publlc beneflt, ijemonstrating Charity Corntnis5ion's pri7p[e5 have ien adher&J tg. The ststements rnay te dffused thIn t bxty of the Report rats tFon expliclt. the f¢Aln 5tw)W5 tIE bldance refers to CorNue5t Tratre step ty step. The 7cIpleS of Public benefit are.. 11 Tlwe mt be an Identifiable terEfit w benefits. al It t I dear what the belfIts are. bl The LEtEfits fflu5t be related to aims. cl Beretits must be balaKed agaIt any detdment w hami. 2} Benefit must be to JxJbLlc. Dr a tiOn of wblic. a) tfICIanes nmtst be approprfa to alms. bl WIEre benefit is to a section of the public, the opPnity to benefit wroJ51 not Unrea5CbiY re5trKted by 8eo4raphical or otr restrfthors. cl People in PK>verty rrML%t not be exclthded frcrfn OPFWtunlty to benefit. dl Any Vate refIts nxjst irKideDtal. 1.al What bereflts do we offer? The Conquest Ttre offets OkV)rtunltles for attendlw and particltkitinq in a wide variety of artistic production. 4rt1culttly drama. Ixjt Incllldlng cinerna. Ilve streamlng. rnU51e and graphk a, atrK)ng others. Its Youth Se£Ucth Is an Imwrtant and thrfvlng sectn of its actMls. We also offer a qathetin8 space for cultural srKletles such as Lccal His armj RolPiayin8 Gar$. The theatre is fully equipped lighting, %nd. Projection, chaN4iry and refresfvnent facilities. The nearest equivaLent veNes for a similar ranp of activities are half an mores thwe away. l.bl Hcw th the benefits relate to aims? The Charitsble Objects of Conquest Ttratre Tntst are currently stated to . "to Pro[te, malntaln, irnprove and advance edat7, particularly by the prodlI0n of edwip)nal plays and the er1rageEnt of the arts, irrludlr4 arts of drama, rnime, dance. sir41 and rnusic. liteoture. PLEtry. palntlrnA, sculpture. tOgraPhY arKS all other graphic arts and flne arts, aThJ to fOrnte, prepare and establish SCrreS oprxjrtunities offered by the tFatre clearly relate directly to these alm. AItYw)u#h 1t May be sald that Involvement In almost any artlstk aCtIty Is edatIOnal, this aim 15 srKiftally addre55ed the Youth TIEatre, and tf opprKtunity for adults to irnKYuve t1r aCting,direCll, backstage or front.of.knuse ability by experience in ow Increasi rvJmber of in.h(Moe rxfxduCtior. l.tl Is any detriffnt or hann attributable to the tstre? In a no. The tIatre Ik)e5 not detraci frLYll any Ot trKal aCtIty hthich mi8ht enhanced ty its cioyjre, and causes no more ithsnjption to environment than would ersue re It c195ed replaced fy somethln8 else. 2.a} Our bficiae5. The Yarfety of tI¥tte$ carfed (Art at Cowuest Theatre mears that all mernber5 of the public a poal bfficIaes of the edatIon In and eKtyJragement of the arts offered by the Charity. MeffliErship of ihe Theatre is to anftKKty, and vAlhln the membership. everyioty has the OFPOrtun?ty to Èecome a rnerrter of the Manaeement C¢>mmlti. Geo8raphicalLy, the FA)pulation of Byard labout s()1 1$ thfjn minlrtes walk. Althwh tkwe is m Loer a lack of theatres in Leomirtster and TentrAJry tAaygoer5 frL¥n thLEe area5 also patron15e the Cotyjuest, and varfous rea bring ple In frtyn Kiddermirster, Worcester, Malvem. Ledbury Herefd areas as weil. In terrn5 of arknstic interest, oppcKtunities are offered 35 5pectator5, paTtiapants la5 krfonners, techniciarts. staEe de.r$. costume de5i8rÈr5 or in di¢70n and rnanagernent of a showl, or as part of a lelsure facillty rnanasetrnl tearn. The of actitIeS I1Je those of parkncuiar appEal to a wde rarrye of ages (from we-prtmary sch)ol to wartlme sin4-alongs and meeting5 for the Herefordshlre Caret5 IY8antsatlonl and arttstic taste5. Page 2
est Theatre Trust Limited Rem of the Trustees Year Ended 31 emter 202 OPJECTIVES AND AcnvmES 2.bl Restrictio. Obvlously. ary rtICUlar aCtIty of theat WOY te of Interest only to a mlThthty of Alc. IMJt the rary of actItTe5 offered over a yw means that nobLxty of any art15tic enthLtslasm is extiuded. For t1 who have dlffkulty attejInI evenin8 perforrnères matirees are offered for pular in the afte[rn, and special events Isuch as fllm sh)winRsl for people wk) nmy have mob1111y woiderrs are al arrdnRed the day. Tr cOnqt Thearre is fully ccessiNe to wheelchairs, and a hearing loop $teM Is installed. Belw In the cenire of town, aThY surrwnded by a car park. the Corque5t Tratre 15 convenient to all its patro. Occasionally. where appropriate, vehicular trarsfer Is arTatwi partkular Rrout 2.cl The ability to pay. The Conquest Theatre costs allt £10.COJ a year to matntapn. a Staggerfy 5rnall wjm thanks to Its chatitable status ar¥J eMrmcAJs contJlbutl¢)n of Its vgiunteets. Neverthele$5, any maln¢enancÈ grant. almost the full cost rmst t by ticket sales. A wmal full-prfee ttckei is aix)ut £15, whlch Is caper than Ul¥alt at ary otr atre thin a very radlLS. and corKes5ion5 are offered for those on pe10n5, sUwJent5 and uWaged. Being a local ttre. m05t of authence has a minim&l travel cost. cost of hire of the Iatre by local $chiS and sttietie5 15 rggtiable and refiects the Incorr of the organlsatlon, so that lack of furMJ5 Is, as far as Fossible, an rtstacle to Use of the theatre. 2.dl Pate ber*flts. 'private tEnefits' prwded ty the Conquest Tlwtre corslst of fees payable to professional sh)ws brwt in, PayTrthts for sertes reLatir4 to the upkeep of ttre, minor i7dents1 costs also directly relatinq to the airn5 of the Charity. Pasè 3
Trcon t Theatre Tntst Llmited Rel of Tnjsiees Year Wed 31 tkcember 2ff15 AcFIEVEAlE AND PERFORAIINCE Charltable a¢tMtles of the rneawre5 of a SCeSSful organi5ation ITh rny opinion 15 the average aye of its managellnt, and are all familiar wth verEratAe Local institutions. e5[laIlY votuntary orEs. which are teeterftYA toward5 exunctlon SI[nY due to length of serte of thw"r committees and the difficulty of acqulrtng yourv4er volunteers. So as l embark on my eighth (knade I'd like to pay to. and offèr my WaMsE gratltttdè to. all my fell trustees of this theatre are youTrd emiqh to be my children, aThJ to hope, I tdieye wlth ConfIdee, that wlll te able to say the same in future. Ir fnflLnte and enthusiasm. cwrAed to the 5th)m and eyrience of the ottE. ha5 led yet agaln to an increa In the num of day5 we were Dpen, the wmber of ilckets we scld, the wmber and Vaety of the pro(Ktior6 mounted In 2025. We be8an a retum io Shakespeare after twelve year5 and a Sarnur3i therned [QdtIOn of Placth, which was followed by Mlke Lelgh's tlasslc, Ablgall¥ Party, dlrected ty Kaz Lloyd. auil¥)rldlrector Stubts itrttoduced u5 to the elderly ladle5 of The Silver Club in the foyer, which wa5 Sh a 5LKce55 that a greatly expan collettlon of their Centhc exploits was presen later In tIE year on tIE rnaln Stage. io great acclaim. Our nxjsical was Sister Act, an alr1t sell.out knutnph by ¢thrertor Lisa Legge, which eamEd us a tlatioN for the National OperdC and Dramatic Association (West Midland516est NM6ical Award. the, our Youth Tkeatre treated to Shut Upl and Allce In wonderi. We akn treated Brornyard to an unwally iwoad setection of profe5wonal events, fr(xn tFE mLKh.antiopated retuin of the Oddsocks Tkeatre Cotnpary. th Laty th the Hamrner. to the pular Our Star Theatre company. who brought U5 Last Stand at the beginning of the year, and regular pro.arn colLabat70Th pant0rne - Snow who thts year n Decernber. Laura Gale. the &Khanted Group and fn lkntfon brought Yrn$ dance to our Stage, and we were delighted that we could add gjckiey Pt1mary SchLNA to EllzÈbeth Fmgh Sclthl 35 fAJr sts)wca5es of lttal actir eXr[e[e. Not only that, bui a'Battie of the Ban¢Ls.' a Medium. a Burrs Night haws supper. a communlty COKert version of Joseph and tIE Arnthng Technicolor Dreamcoat, a couple of Fa5hioTr Slw: armj of course our very wpular ecen of trtte bands and local musical gnxjrts . all Ilve on Stage - a5 WEII a5 the tifty-four films, live streams. operas. ballets and art exhlbltlorB. on screen. all bear ample tr that Conquesi TrEatre truly prowdes [nethIng for everyor. thats not aLII We host Lctal Hl$tory Socfews reBuiar pre5entstlO. 5altrnath worr.5 ItItute. aThl informal gathertngs of Bromyard Town Coundl at wr Saturday coffee rr¥ynirgs. If the sheer nurnber of these events seerfts qultÈ ovehelM1nq ltseif, then Imagiftlry t1 JKJurs of kn reIe1 voluntarily - to maintain them. absolutely takes ts,$ breath away. It humble5 n to see how many Fwie <knte so much of ilme to the building and Its actlvitles, bjt at the same tirw rnakes me irnrrrfjely prwd that Brornyard. ti 111 ol. Brornydrd iLKked away ITh the backvffjods of Hereford5hire and so often put (k)wn even ty its ¢)wn itthabitants, particularly in social metha, can foster ar su51ain a significant centre of the Arts. I thar rny fellow Trustees, all those pass thrcwh our drTh5 thmugh)ut year, the wlder comrNnlty frthn and its envlrons, for illr ongoing prt. FIIIANCIAL REVIFII FlnarKfjal posltfon TIE results for the year sh)w IOrne £53.970 12024.. £64,661). Incon decse fn)m £188,911 In 2024 to £175,171, this was rr&Btiy due to a communlty Infrastructure gfatat received last year of £8,421 froTn Herelord5hire Courril. E¥4bJre ¢*creased from C124.250 in 2Q4 to £123,879. Net assets arnounted to £575,515 I24. £521.5451. Page 4
nCo t Theatre T Rep)rt ol Tnjs for the Year Ended 31 December 2025 FINANaAL REVIVII R•5erv05 and Inve5tmvnt pDIici•5 current GdarKe f[l the Charfty C(¥ntni%ion srarts frun the atyjmptlon that all Charltle5 Should ttEir IrTh) a5 500n as pJs5ible to explain why ty are retain1r 50ffle of that itKorTE. In the tir5t InstarKe the Tatre has a 8ereral )lIcY of retalnlryl alyMJt £5.0 in its Current acctyjnt to cover day to day Atrx)unts aix)ve Ihi5 wll getErally be trarsferred to a 5a¥Ar4s aCcnt such as that th the Carnbridge & CoLntie5 Bank. Furtkn detsiis rffi why we are continuir to irease our Cash Assets a dealt with lOw. At the balance slwt date the charitys re5erve5 Stthd at E575,51512024: £521.5451, of this bae £18,660 12024.. £37,555) was [d in restricted fuTh. At balae sFEet date 'free reserves. were £314.686 04. £229,713), these excludes fixed asséts, alorw wlth any 5ignated and restricted furmls at the yearerKI. FIITURE PWS The search for ways of expan(lin4 flIxN5pace of the theatre continues. but the cost of achi4 the siTr tCeSSary for a prorer rthal rootn seern5 to increase faster ihan we thlrdL we can keep up Vwith, so we have adjusted to the irnprrNerrEnt of StIra facilities. such a5 repThrE the coffee bar wnd05 and In5taiLlw alr.¢(liti1x. STRucfuRE. GRNIE AND MANAGEMEtr Goyernlw documpnt The charfty ts controlled by its gownln8 dr£uwent. a ¢knd of tnst. and constitute5 a limited company, Llmlted by quarantÉe, as defined by the Companies Act 2(X)6. Or8antsatlonal structur¢ COr15t Theatre Tntst Llmlted Is a Charttabie Cornparty thiginally founded in 1980. ¥th)se governing docunMt, the Memoranthm and Artfcies of AoCIall, was redeslErd to fli the current Charity Commlsslon [Te[ adopted by t rnber5 nem. con. at Amual Gereral Weetlrry on 15 Septernber 21. Tt 1$ govemed by a Management Cornmittee, each member elected for a nomlnal thretryear temi, wlth the opil to volufiieer for re.election. who are a&0 Directors of the Company and the Tnjstees of the T¢. T1r nanE5 are set out telow. New nHnbers of Managem Commlltee are continually sryjght. and one third of current cornrnittee have seNed for few than flve yea. nthtsly a(k)pted VenY)randum and Articles of Association is an amalgam of a preViL5 knoranLkn and a teSSIon of COn5tul1Or, of whlch tl last was tslgned ttk prepa tf Tnjsi to te corwerted to a tharitable Irr[Alrated Corry)any. whlch In the end iumed out not to be as suitable as had hoped. The two docu[Tnts suflered frem several small I£$1st1eS whkh have been rectlfled. The CtitUtIOn aLlohE for there to be tetween 5 and 15 Trlee5. These Tntstees are resporfjlbie for ulttmate strategic dlS1or6, and tw exercise finarKial contrnl through regular finarKial repK)rts. Indn aTrJ tralnlng of new trteeS Tntstees wlll given induction arKI ts71n1r by a fntor appJinted ty the managellt Cornmiltee, 11 st them their legal obiigatior6 uThr Charity and Cornparry law. the Chaty commlsslon 4uidance on wblic berefit. t cteTht of the Theatres memOravrn and ArtKle5 of As50Ciation. au of whlch are avaiiaL4e onlirE, inStrL tFm In the presSeS of b)ard and gfve coFe$ of recent finandal statgnents. Related partles C¢M5btution dJe5 t peIt any of the Tru5tee5 to be ernployee5 of Tnst. ReiTrknr5ement of enSeS (bes Th)t vioLate the constibjtion. and Th)r (k5 payment for semces rendered, prowded tlYJ5e 5eMce5 have been wowiy put wt to tender and clearly represent the Interesrs of the Twst. ch a seThi, the regular cleanin8 of the foyer. auditorfum aThJ (kessiry was utthrtaken by a Trustee f£Y tT¥Jntlfy ¢knlr* pasi year. Page 5
The Con uest Tknbp T$t Limited Report of the Tnjstees for the Year EnLd 31 Decemiw 2025 STRUCTURE. GOvEcE AND AIAIiAGEAIENT Risk mana8ement have a duly to Identlfy and revlew the rtsks to whlch the charlty Is expjsed and io ertswe apwDwiate contro15 are in Fla to prOde re350nabie asyjrartt agairst fraLMI awMI error. REFERENCE AND ADjWNIsTrAm DEfAILS ReBistered Company nwthr 01528576 (Erfand and Wales) Reilstered Charlty nber 511CO) Re8iStered office 1 Rowrry Strt Bromyard Herefordshlre FMU 4DU Trustees HMSFarey P R Rlmeil SThrnas S Handley J Hu8man K Lloyd D WorkKk S Smith J Th)rnas R Brown M Dailow L M Legge I3Onted 21.5.25) M A Stubbs law01nd 21.5.251 Tt tnstees are also dirertus of the ChartlIe tompary for of Ctynparry law. C•mpany Secretary HMSFarey Independent Examlner Mrs Lisa Wea TrrE Wldgery kcountaro Ltd Chartered Acctyjntants 2 Wyevale 51[ Park Kirvds Acre Hereford HereforLtshire HR4 7BS Pw6
The Con frusr Limlttd ReJx)rt ot the Trustee5 lor the Year Ended 31 Decemlr 2015 REFERENCE ANOADMINisfRATIYE OETIJLS Solk•rs t)rw>n Bowdlrf 44 Hlgh Streei &)myard R7 4AE Hrfry5 & t 5t. John knei Hereford HRI 2ND B•nk• Uoyd5 8)k PLC 9 54uwe LenITY$ter efoTd5hlre HR6 KT CbrId1 & Cowtf*¥ B•nk 5B Ntsv Walk L•lcoSter LEI 6TE ftedwd Jtynk The 14exus Bidq Bv¢)•thay L•ichwtsrth G4rdEn City 3TA A1 ty Ofderof b)ard of tiusrees ............2Q May.2026 . and slwd on (ts bÈhalf by: Farey. 5ecrtLary Page 7
Inde dent Examinerfs Re to the Trustee5 of The Con uest Theatre Trust Limited lftd4pondont •xamln•rfs r•port to the trusteès of The Conqu•st Thèatr• Trust Llmlt•d I'thè Company'l I rewt to the charity trtee5 on my exarnination of th? accounts of the Company for the year ended 31 Decemter 2025. Respon51bllltle5 and basls of repgrt As the charily's tru5tee5 of the Company land a19) its directors for the purposes of ccfflpary lawl are resF)Mble for the Prepara0 of the accounts in accordance with the rewirernents of the cOrnpan Act 2)6 {Ihe 26 kt'l. HavlnR satisfled ryself ihat the acc(wnts of tlE Company are not requlred to te authted under Part 16 of t1 20C6 Act and are eligible for IndeFndeni examlnatfon, I rewt in re5kVt of my examination of wur th3ritls aCCts as carried under Sectlon 145 of Charitie5 A£t 2011 I'lhe 2011 Act'l. In carrying out my examination I ha fcllowed the DfiretttcS Siven by the Charity CommissN)n under Section 145151 Ibl of the 2011 kt. In&Fnt eyAmlner's Statement I have cornpleted my examinatlon. I confirm that no maLters have ccne w my att1? in ({c£t70n YAth the examlnation Si9 me cause to believe: accounti records were Mt kept In re¥rt of the Company as reryjired by Sectfon 386 of the 2W6 Act; or the accounts do not accord wlth tho records.. L the accntS ¢) not comply with accountlng requirements of SertioTh 396 of the 26 Act other than any Irement that the accounts giye a tnje and fair view wlich is fKt a matter consldwed a5 part of arb irKkpendent e¥aminat(c. or the accounts have not prepared In accordance wlth thp rrth(Jds and prfnclples of Stateent of RecLwYwnended Practice for accwThting and repK¥rting by charities larolicatrAe to charities prepthng thelr accounts In Kcordance with the FinaKlal ReportiTr4 Standard applicable Tn the UK and Reputlic of Ireland IFRS 10211. I haNp c(rn5 aThJ have come a¢ross no olher matters in connectlon with examlnatfon to which attenlw should be drawn In thi5 reF in order to enable a proper ndStanr4 of the actLxmts to be reached. Mrs Lisa Weaver Thorne Wldgery Accountsrq Ltd Chartered *£countants 2 Wyevaie Bu5WLess Park Kings A£re Hereford Herefordshlre HR4 7BS Date.. i.9.1.6J.iolG. Page 8
Con st TheatreTnJst Llmlted Statement of Flnandal Acimtles IOr attn an Inc(The and Ex ndltwe Accourt 31.12.25 Total fuNJs 31.12.24 Total Uwe5trlcted Restrfcted fijr Note5 INCOME AND ENDOWMENTS FROM Lk)natk>[ arKI leBaae5 4,4 4,4 4,6n Charftsble actMtle5 atrical Costs 8.421 Other tradlng actIeS InvE5trnent irorr 162.864 8,661 164.264 8,661 169,214 Totsl 176,449 177,849 188,911 EXPENDMJRE ON Rahsir4 fur 14.124 14.124 12,368 CharTtable actlvltles Theatdcal Costs 109.755 109,755 111,882 T<>tal 123,879 123,879 124,250 NEf IIXOME Trarsfers beiien fund5 52.570 20.295 53.970 64.661 13 120.2951 Net Th)¥effnt fn funds n,865 118,8951 53,970 64,661 RECONCIUATION OF FUNDS Total fund5 brou8hl forward 483,9 37,555 521,545 456,884 TOTAL FUNDS CARED FORWARD 556,855 18,660 575,515 521,545 The rKJtes fom part of these finarKial statew*nts Page 9
Con est Theatre Trust Llmlted Re tered Njmber. 01528576 BalarKe Sheet l DeceMr20 31.12.25 Total fund5 31.12.24 To1 fund5 Uwe5tricted fund Restricted fund5 FLXED ASSErs Tanglble assets 242,169 242,169 254,277 cURRENTSErs Stock5 Debtors Cash at bank aEMI In hand 10 1,625 3.558 313,203 1,625 3.558 331.863 11,218 265.374 18.6 318,386 18,6 337,046 277,979 CREDITORS AJrnMts fallin8 due wthin 0 year 12 13.7COI 13,Th11 110,7111 NEf CURRE1 ASSErs 314.686 18,660 333,346 267.268 TOTAL ASSEfs LESS CURRENT UABILMES 556,855 18,6fr 575,515 521,545 N15sr5 556,855 18.6EI) 575,515 521,545 FUNDS Unrestrfcted fu5 Resttlrted fuThJs 13 556,855 18,660 483,W) 37.555 TOTAL FUNDS 575,515 521,545 charitable company is entled to exemption frnm aLMIIt under SectiDn 477 of the CO[npa Act for the year ended 31 De[rthr 25. TIE rrembers have Th)t required compary to obtaiH an au<lit of ils finaKial 5tatenwts for the year erKled 31 De£ernLr 2025 in accordarKe settl1 476 of the Companies Act 2(K)6. TIE trustees acknowledge thelr re¥]ortsibilities for lal that the charftable C0rnpaY keeps accountin8 CordS that comJAy %ith Secti5 386 and 387 of the CompaTrie5 kt 2(th and preparing finarrial Stat£ents thich live a arKI fair of the state of affairs of th2 charitaE4e cornpany as at the end of each flnatKial year and of its surplus or det for each fina73( year in accordarKe Wth the reqLiiremènts of Sections 394 and 395 whfich OtheSe comply the re{wIrenrts of the Cotnpanles kt 2(lJ6 relatlng to financial Statets. so far as applicable to the charitable cornpany. {bl The mtes forni pan of t fInI[al rtatements Page 10 contlnued...
57 5heÈt- 31 Decemter 202 tln The IInala[ Slements have bÉeTh wepawd acct)rdance wlth Ilie wovlsmry akwkable to charltaile comwie$ subject to the %rnall compJnkn5 reyime. finarKia( statements we 3pwoved by Il Board of Ttw*e5 •rtd autlww 10T Ive on . andwere SI on Its bphalf ty: The r¥Jte5 fom) part of these flnarthl siatements Page11
The Con est Theatre Trust Limited lthites to the Financlal Statements 31 DecernLEr 202 ACCOUNTING PCiICIES asls of preparlw the fi111 statements The financial Statements of charitable company, which a putllc refIt entlty FRS 102. have been prepared in accordatKe wlih the Charities SORP IFRS 1021 AccouThtiny ar Replit[ by Charities: Statement ol RecommetKfed Practice applicable to charities preparing their accounts in accordaKe Nwith the Fina[al Reportln¢ Standard appllcatle in the UK aThJ Republlc of Irela IFRS 1021 leffKtive 1 Jaryjary 20191.. Financlal Reportlng 5tandar£l 102 Tr Fina1[ Rwrting Standard appllcatAe In the UK and RewNic of Ireland and the Cotnpanles Att 2LK6. The flnarrial stateMets have teen prepared uth historftal cost conventlon. Concern The tnJ5tees assess %thether ol 8OTn8 concern 15 appropriate i.e. whether there are any material urKertaintfes lad tts events or corylitior6 that may cast significant doubl on the ablllty of the company to continue as a going concem. The trlstees make thi5 assesst in re5W of a rETh)d of at least ore year from the date of auttKsrSsatkn for issue of the tinarcial statements and have colu&d that cornpany ha5 adewate resources to continue in operational existence for the foreseeable future and there are no material UertainbeS atwt the charltls ability io continue as a going COern, thus ty cortinue to adopt the goi[4 wKern ba515 of aCcnrrI In preparing financial statents. All )re is recognised in the StateTTEni of Fina73( ArtivitFes 0e the trity has entlilerrEnt to th? fd5, it 15 wobabie that the IrKon lI be recelved the amcAJnt can be measured rellatly. Expendbture Liabilities are recOgned as eXpdite a5 as there ts a legal or cOrtstnvt oblf8ation cornmittinE the charity to that e%nditure, it Is pmbatle that a trdnsfer of éronomic Lkneflts 11 te rewired In settlerrnt and the amcAJnt of the obl14atsn can be measured reliably. EynthturÈ is accounted lor on an accruals basis and has been classified under heathr5 that aggregate ail cost related to tlE category. wre costs canmt dItLY ttributed to parttthr l*adirw tly have been allocated to actiwtie5 a ba515 con515tent Le of Tawibie lixed assets tkprecfjatkn 15 provided at the flthn9 &nr¥Jal Rte5 in order to bvrite off each asset over its e5tirnated useful Trdde and otr debtor5 are rec09rSed at the seitlernent arrt (bje. Cash 4t nk Cash at bank In harwj iKILKle5 cash shjrt temi hlgNy Il<prfd Ients a short mathrtty of the months or less from thè date of 0[78 of dekytslt or similar account. Crethtor5 and ffisiorts are wThlsed where the charity has a presert otllgatlon resulting from a past event that VAII probatly reyjit in the trarofer of funds to a third party the armunt due to settle the obl19aOn can be measured e5tirnated reliatrAy. Creditors and proYtsh)ns are MrfflaLLy rKcgnlsed at 1r settlemert amount. Flx¢d and Depreclatbon Depreciation 15 calculated io off thè tosl of all fw &ts over thelr estlmated u5efd lfve5. rates in use are a5 foll. FreelKlIJ land Tatre buildi Installed pnt 1% stralght Ilne 5% strai8ht li Page 12 corttnued...
Con wt Theatre Tnjst Lim5ted Notes to FInatal Statemènts. clIed for the Year En(kn 31 eMtr 2025 AccouKnNG POLiaES- contlrwad Tarqknle flxed assets F1xtures alld fittiry5 PLant and EwirAnent lILudinE Theatre E¢w1wrt1 IO% straight line 2Cffk straight line Stocks are vald at the lowtr of cc6t and net realtsable value. after maklng due allowaKe for obs(lete aThJ sl itern5. TayAtlon The charity 15 exertyt fn)m corporation tax its chafitabie aCtitieS. Fund accountl Utrntricted fu5 can used in ac¢canCe with the charitable objectives at discretion of tnstees. Restrfcted fund5 can gnly be used for particular re5trkted wrp05e5 thIn the objects of the cNirfty. Restrictlon5 t1se specified by the dLwr cr when furK15 are raised for particular re5tricied wtP05e5. Further explan& of the nature arKI kxrpose of each fuThJ 15 included in Thjtes to finarKiai stsierrent5. DOTIcls AND LEGAaES 31.12.25 31.12.24 tkjnatior Il£mLEr5 SUbPU0rS 3,423 3,5 4.924 4.672 OTkER TrADING VrnES 31.12.25 31.12.24 Furbjraisir lx offi.ce Bar sale5 Coffee, sweets and Icecream Hire Sundry recelpts Adverti51r NPower feed in taiiff 2,731 118.904 24,1tlJ 11,020 4,271 297 12.882 111.038 20,851 9,T29 4,757 2,481 3,985 164.264 169,214 Page13
Con uest Tlatre Tnjst Llmlted k)tes to thè Ffjnandai Ststèmenls. t(tInl INVESTMENT INCOME 31.12.25 31.12.24 Dep)5it account interest 8,661 CFL4RrrABLE AcnvrriES cosrs rect Costs Totals Theatrical Costs ).380 19.375 109.755 IKOh1EIIEXPENDuREl Net IrK0/{eXpenthlUreI is stated after Charg11(¢realttn9l. 31.12.25 31.12.24 Ieperyrt examination twiation. a$5ets 2,854 14,610 2,284 14,375 TRu¥fEES' REMUNERATION AND BENEFITS There were rK) tru5tees' Trneration cf other benefits for the year en¢d 31 December 2025 Mr for the year enthd 31 De£ernber 2Q4. Tru5tees' expenses trir¢ the >tar reimtyjrsed expenses totallinB £7.795 wa5 paid to S tnEtee5 Q024: t10. to 10 tnEtee51, COMPARAThES Fcli THE STATEMENT OF FINANCIAL AcrtVlTIES Unrestricted fund Restricted fu Total fund5 INCOME AND ENDOWAIEkrrs FROIA t4)n8tlons and lee$ 4,672 4,6 Ch4t1Ubl¢ •¢iMtles TtrIcal Costs 8,421 ,421 Othw trading acti¥itie5 156.387 12,827 169,214 Total 176.1)84 12,827 188,911 EXPENDITURE ON Ralsir* fw¢ts 12,368 12,368 Charltable actlvltles TFEatrfcal Costs 111,882 111,882 Total 124,250 124,250 Page 14
Th2 Con t TheatrE Trust Lirnited 11)tes to the Finarrial Staternents. ttffjtinued f Year 31 DeMr 2025 COAIPARATIVES FOR THE ¥fATEMENT OF FINANCLIL AalVmES- cijntinued LIr1)icted Restricted fuThJ funds Total fuThds NEf INCOME 51,834 12,827 64,661 RECONCILIATION OF FUNDS Total fut5 bught forward 432,156 24,n8 456,884 TOTAL FUNDS CARAED FORWARD 483,990 37,555 521,545 TANGIBLE FLXED ASSErs Flxtures and fittir45 Ir6talled Tal Buil<ling5 Plant aThJ mhir1 Totals At 1 January2ff25 Additions 97.646 218.438 66.081 78.567 I,732 At 31 pttemr 2025 97.646 218.438 66,081 81.069 463,234 DEPRECON At 1 Jatwary 2025 Charge for year 54.901 3,979 55.449 1.851 62. 1,568 34.015 7,212 2C6,455 14,610 At 31 DeCeMr 2ff25 58, 57,3LKI 63,658 41,227 221,(¥J5 NET BOOK VALUE At 31 DÈcember2025 38.766 161.138 2.423 39,842 242,169 At 31 DeCeMr 2024 42,745 162,989 3,991 44,552 254,277 Iluded in cosi or valuation of Tlwtre PAtlldings Is f}Id land of £20,333 which is not dèpreciated. A further piece of LaTrJ was rAJrchased In May 2022 c05ting 113,W1 whlch Is ai) rKt deplated. 10. STOCKS 31.12.25 31.12.24 Stocks 1,625 1.387 Page15
TCO TFatre Tnjst Llmlted Notes to Flnanclal Staterrnts- Cont1Th Year Ended 31 December 2025 DEBTORS: AhlOUNTS FALLING DUE wrtHIN ONE YEAR 31.12.25 31.12.24 Other debtors Prepawrthts and acc iKome 8,421 3,558 3.558 11,218 12. CRED¢TOR&' AlAoUr5 FuNG DUE WTHIN ONE YEAR J1.12.25 31.12.24 Trnde creditors knruais and defeed 1.305 2,395 2,117 10,711 13. MOVEI+ENT IN FUNDS Net Tran5fer5 nw)vement between ITh fur¥Js fuTh At 31.12.25 Atl.1.25 Unrestrkted fuy General fur 52.570 20,295 556,855 Re5trkted fu5 Restrirted fund 37,555 120,2951 18,660 TOTAL FUNDS 521,545 53.970 $75,515 Net [rernent In funts, I[KlUL In aLw are as foll.. IrThni regjurces In fuThYs Unrestrfcted funds General fur¥1 176.449 1123.8791 52,570 Restsicted fund TOTAL FUNDS 177,849 1123,8791 53,970 Page 16 contlnued...
Con uest TIEatre Trust Limited Note5 to the Finaal Statements . cotLtinLkd f the Year En 31 13. h1OVEME1 IN FUNDS. cortiNed Comparatlves for mov•ffntln funds moverrent in furbJ5 At 31.12.24 Atl.1.24 Unrtstricted fund5 GerEral fund 432,156 51,834 483,99fl Restritted futwj 24,728 12.827 37.555 TOTAL FUNDS 456,884 64,661 521,545 Compardtive net movwwit In fund5, included in the above are as follows: Iwnirq Resources expended Movement in fwds Unrestricted fund5 Gerpral fuThJ 176. 1124.2501 51,834 Restrlcted furkls Restrfcted fund 12,827 12,827 TOTAL FUNDS 188.911 1124,2%) 64,661 Restrirted funds related to fundraisir8 and donat[ f( property extension. TraMfew5 betvmn funds A trar6ferof fur5 ha5 made in the art0 adjust the clo51 balae to agree to xcountiNa records. 14. RELATED PARTY DISCLOSURES T1 were Tr) related party tnn$atti(yts fcf the yeareThJed 31 Dernber 2ff25. Page17
Theco st Theatre Twst Limited Lktalled Ststeme17t of FlnarKlal ActitIeS f r th2 Year Ended 31.12.25 31.12.24 INCOME AND ENDOWMEKrs Donatforts and legacie5 tbjnatior subscrfpiions 3,Q3 4.4 4,6n Other tradinB actlvlite5 FuTrJraising PLSX Offlce Bar sales Coffee, 5wEets and icecream 2,731 118. 24.160 11.020 4,271 297 12,882 111.038 20,851 9,ll9 5.972 4,757 Jndry rEceipts Advert151r NPor feed In tarfff 2,481 3.985 164.264 169.214 Investment Income Deposit attount Interest 8,661 Charltabl• a¢tlvttl•s Grants .421 Total IMimln8 re501Tces 177,849 188.911 EXpENTURE Other tradtry actlvltles Bar ppLIeS Coffee bar SUFfJlles 10,262 3,862 8,458 3,910 14,124 12,368 Charltlble activltles Cost of own prodLI0[ Licenses aThJ fees Athertising and pmmotlon rxJrie5 Depreciation of iaTh4lbte ftxed assets 9,347 62.219 2,845 1,359 14,610 9,954 57.030 3,571 ,747 14.374 90,3 86,676 Support ¢05ts Thi5 page thes rK)t fomi part of the statuw finalal statsments Page 18
The c. Ttratre Tnjst Limited Detailed Statanent of Financial ActitIeS 1 December 2025 31.12.25 31.12.24 Support ¢¢)sts Other Print. Stat. tei.post Light, heat & water Repaiws. rnalntenarKe & hwe Rent. rates and 1rnUrae Bank charges 1,3% 1,369 13,321 4,n7 5,421 3,235 562 426 16.521 Inltrndent examination Total resources eXded 123,879 124.25) Net IKO 53,970 64.661 This page nor forrn partof statutory finaKial statelYts Page 19