REGIsTE￿D COMPANY NUMBEK" 01528576 IEwlar*d and Wales REGISTERED CFL4RITY NUMBER: 511000 Re rt of the Tnjstees and Unauthied FIna￿la1 StaterI￿ts Con￿eSt 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 FIna￿la1 StatetrEnts for the Year Ended 31 December 2025 Rep)rt of tt* Tru51ee5 I ro 7 lTr*Th*nt Examinefs ReFL)rt Statement of FIna￿la[ Activities BaLa￿e sheet 10 to 11 Hote5 to Fina￿￿71 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 t￿1[ rew)rt wlth finarKial ststements of the chadty for the year ended 31 December 2025. trustees have adopted the provlsion5 of and Re[Krti￿8 by Charitie5.' StaterTMt of Recomrnended Practice applicable to charikne5 prepadng the1r ounts In accordarKe with the FIna￿la1 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 pro￿tion. rnaintenance. inyovement and a{￿a￿emEnt of edLKation, particularly by the Vod￿tIon of educatlonal plays and the encOurdgerY￿t of the arts, inciudlng arts of thanNa, min*, éarte, slwlng atKI ￿￿sic. literatwe. wÈtry, painting, sculpture, pFx)tO8raphy, cir*ma and all other 8raphic art5 arKI the fine arts. As tl* maln antiliary. Tr TnJ5t presents, wurntes, organises, w0￿des, manages ar￿ prod(￿ th, drnmas. ton*des. opera5. opereitas, burteswes, fllms, radlo and telewsion broadcasts, concerts. rnu5ical pleces, s￿, ballet. and Tha￿O￿al, 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 DeceM￿r 2025 OBJECTIVES AND AcnvmES Publk From 2CQ8, Th2 Trustees, Amual Rewjrt of a Charfty has had to I￿lUde a staten*nt or statements of publlc beneflt, ijemonstrating Charity Corntnis5ion's pri￿7p[e5 have i*en adher&J tg. The ststements rnay te dffused ￿￿thIn t bxty of the Report rats tFon expliclt. the f¢Al￿n￿ 5tw)W5 tIE bl￿dance refers to CorNue5t Tr*atre step ty step. The ￿7￿cIpleS of Public benefit are.. 11 Tlwe m￿t be an Identifiable terEfit w benefits. al It ￿￿￿t I￿ dear what the bel￿fIts are. bl The LEtEfits fflu5t be related to ￿ aims. cl Beretits must be balaKed agaI￿t any detdment w hami. 2} Benefit must be to JxJbLlc. Dr a ￿tiOn of wblic. a) t￿￿fICIanes nmtst be approprfa￿ to alms. bl WIEre benefit is to a section of the public, the opP￿￿nity to benefit wroJ51 not ￿ Unrea5C￿biY re5trKted by 8eo4raphical or ot￿r 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 T￿tre 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 sect￿n of its actMl*s. We also offer a qathetin8 space for cultural srKletles such as Lccal His armj Rol*Piayin8 Gar￿$. The theatre is fully equipped lighting, %￿nd. Projection, chaN4iry and refresfvnent facilities. The nearest equivaLent veNes for a similar ranp of activities are half an mores thwe away. l.bl Hcw th the benefits relate to aims? The Charitsble Objects of Conquest Ttr￿atre Tntst are currently stated to ￿. "to Pro[￿te, malntaln, irnprove and advance ed￿at7￿, particularly by the prod￿lI0n of edwip)nal plays and the er￿1rage￿Ent of the arts, irrludlr4 arts of drama, rnime, dance. sir41￿ and rnusic. liteoture. PLEtry. palntlrnA, sculpture. ￿tOgraPhY arKS all other graphic arts and flne arts, aThJ to fOrn￿￿te, prepare and establish SC￿rreS oprxjrtunities offered by the tF*atre clearly relate directly to these alm. AItYw)u#h 1t May be sald that Involvement In almost any artlstk aCtI￿ty Is ed￿atIOnal, this aim 15 srKiftally addre55ed the Youth TIEatre, and tf* opprKtunity for adults to irnKYuve t￿1r aCting,direCll￿, backstage or front.of.knuse ability by experience in ow Increasi￿ rvJmber of in.h(Moe rxfxduCtior￿. l.tl Is any detriff*nt or hann attributable to the tstre? In a no. The tI￿atre Ik)e5 not detraci frLYll any Ot￿ trKal aCtI￿ty hthich mi8ht enhanced ty its cioyjre, and causes no more ithsnjption to environment than would ersue ￿re It c195ed ￿ replaced fy somethln8 else. 2.a} Our b￿ficia￿e5. The Yarfety of ￿tI¥￿tte$ carfed (Art at Cowuest Theatre mears that all mernber5 of the public a￿ po￿￿al b￿￿fficIa￿es of the ed￿atIon 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 B￿yard labout s(￿)1 1$ ￿thfjn ￿ minlrtes walk. Althwh tkwe is m Lo￿er 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 Heref￿d areas as weil. In terrn5 of arknstic interest, oppcKtunities are offered 35 5pectator5, paTtiapants la5 k*rfonners, techniciarts. staEe de￿.￿r$. costume de5i8rÈr5 or in di￿¢70n and rnanagernent of a showl, or as part of a lelsure facillty rnanasetr￿nl tearn. The of acti￿tIeS I￿1￿Je 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 aCtI￿ty of theat￿ WOY te of Interest only to a mlThthty of ￿￿Alc. IMJt the rary of actI￿tTe5 offered over a yw means that nobLxty of any art15tic enthLtslasm is extiuded. For t1￿ who have dlffkulty atte￿jInI evenin8 perforrnèr￿es matirees are offered for ￿pular in the afte[r￿n, and special events Isuch as fllm sh)winRsl for people wk) nmy have mob1111y woiderrs are al￿ arrdnRed the day. Tr cOnq￿t 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 a￿llt £10.COJ a year to matntapn. a Staggerf￿y 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 c￿aper than ￿Ul¥al￿t at ary ot￿r ￿atre thin a very radlLS. and corKes5ion5 are offered for those on pe￿10n5, sUwJent5 and u￿Waged. Being a local t￿tre. m05t of authence has a minim&l travel cost. cost of hire of the I￿atre by local $ch￿iS and sttietie5 15 r*ggtiable 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 P￿ate 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 ￿ t￿tre, minor i￿7dents1 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 S￿CeSSful organi5ation ITh rny opinion 15 the average aye of its managell￿nt, and are all familiar wth verEratAe Local institutions. e5[￿laIlY votuntary orEs. which are teeterftYA toward5 exunctlon SI[n￿Y 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 WaM￿sE gratltttdè to. all my fell￿￿ trustees of this theatre are youTrd emiqh to be my children, aThJ to hope, I tdieye wlth ConfIde￿e, that wlll te able to say the same in future. Ir fnflL*nte 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 Va￿ety of the pro(*Ktior6 mounted In 2025. We be8an a retum io Shakespeare after twelve year5 and a Sarnur3i therned [￿Qd￿tIOn of Plac￿th, 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 S￿h 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 alr1￿t sell.out knutnph by ¢thrertor Lisa Legge, which eamEd us a t￿l￿atioN for the National Operd￿C 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 colLab￿at70Th pant0￿rne - Snow who￿ thts year n Decernber. Laura Gale. the &Khanted Group and fn lkntfon brought Y￿rn$ 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 eX￿r[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 ￿ec￿en of trt￿te 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$tory Socfews reBuiar pre5entstlO￿. 5altrnath worr￿.5 I￿tItute. aThl informal gathertngs of Bromyard Town Coundl at wr Saturday coffee rr¥ynirgs. If the sheer nurnber of these events seerfts qultÈ ove￿helM1nq ltseif, then Imagiftlry t1￿ JKJurs of kn re￿Ie1 voluntarily - to maintain them. absolutely takes ts￿,$ breath away. It humble5 n* to see how many Fwie n Bowdlrf 44 Hlgh Streei &)myard R7 4AE H￿rfry5 & t 5t. John knei Hereford HRI 2ND B•nk• Uoyd5 8￿)k PLC 9 54uwe Le￿nITY$ter efoTd5hlre HR6 KT C￿brId1￿ & Cowtf*¥ B•nk 5B Ntsv Walk L•lcoSter LEI 6TE ftedw￿d Jtynk The 14exus Bidq Bv¢)•thay L•ichwtsrth G4rdEn City 3TA A￿￿1 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 tr￿tee5 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 Prepara￿0￿ of the accounts in accordance with the rewirernents of the cOrnpan*￿ Act 2￿)6 {Ihe 2￿6 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 IndeF*ndeni examlnatfon, I rewt in re5kVt of my examination of wur th3ritls aCC￿ts as carried under Sectlon 145 of Charitie5 A£t 2011 I'lhe 2011 Act'l. In carrying out my examination I ha fcllowed the Dfiretttc￿S Siven by the Charity CommissN)n under Section 145151 Ibl of the 2011 kt. In&F￿nt eyAmlner's Statement I have cornpleted my examinatlon. I confirm that no maLters have cc*ne w my att￿1￿?￿ in ({￿c£t70n YAth the examlnation Si￿￿9 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 acc￿ntS ¢*) not comply with accountlng requirements of SertioTh 396 of the 2￿6 Act other than any Irement that the accounts giye a tnje and fair view wlich is fK*t 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 ￿ State￿ent 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 ￿nd￿Stan￿r4 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 I￿Or 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 ac￿￿tIeS InvE5trnent ir￿orr 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 beii*en fund5 52.570 20.295 53.970 64.661 13 120.2951 Net Th)¥eff￿nt 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 CAR￿ED 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 DeceM￿r20 31.12.25 Total fund5 31.12.24 To￿1 fund5 Uwe5tricted fund Restricted fund5 FLXED ASSErs Tanglble assets 242,169 242,169 254,277 cURRENT￿SErs 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 N￿15s￿r5 556,855 18.6EI) 575,515 521,545 FUNDS Unrestrfcted fu￿5 Resttlrted fuThJs 13 556,855 18,660 483,W) 37.555 TOTAL FUNDS 575,515 521,545 charitable company is en￿tled to exemption frnm aLMIIt under SectiDn 477 of the CO[npa￿ Act for the year ended 31 De￿[rthr 2￿5. TIE rrembers have Th)t required compary to obtaiH an autar 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 le￿￿e$ 4,672 4,6 Ch4t1Ubl¢ •¢iMtles T￿￿trIcal 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 D￿eM￿r 2025 COAIPARATIVES FOR THE ¥fATEMENT OF FINANCLIL AalVmES- cijntinued LIr￿￿1)icted Restricted fuThJ funds Total fuThds NEf INCOME 51,834 12,827 64,661 RECONCILIATION OF FUNDS Total fut￿5 b￿ught forward 432,156 24,n8 456,884 TOTAL FUNDS CARAED FORWARD 483,990 37,555 521,545 TANGIBLE FLXED ASSErs Flxtures and fittir45 Ir6talled T￿al Buil