Company registration number: OL664358
Charity registration number. 513275
Pendle Hippodrome Theatre Limited
li
li
(A company limited byguarantee)
Annual Report alld Finaticial Statements
for the Year Ended 31 Decen]ber 2023
1st Floor. Block C
The Wharf
Manchester Road
Butnley
Lancasbir
BBII IJG

Pelldle Bippodrome Theatre Limited
Contents
Reftrence and AdmiDi5trative Delails
Tn￿tees, Report
2to5
Independent Examinevs Report
Statetllent of Financial Activities
Balance Sheet
Notes to the Financial Ststements
9t015

Pendle Hippodrome Theatre Limited
Referenee and Administrative Details
Trnstees
Mr M D Cleaver
D Fa￿¢T
MrN J Goodall
Mrs P L Manley
S C MaDley
Mr Kmason
Mrs H L NelsoD
Mr P S Thompson
K Walton
Mr J M Whittam
K Wilson
Secretary
P L MaDley
Charity Registration Number
513275
Company Registration Number
01664358
The charity is incorpordted in England.
Newrtwket Street
ColDe
Registered Office
BB8 9BJ
Independent Eiaminer
1st Floor. BloGk C
The Wharf
Manchester Road
Burnley
BBII IJG
Bankers
Bar¢lays Bank
72 St Jat1￿ Street
BBII 114H
Page I

Pendle Hippodrome Theatre Limited
Trustee5' Report
The trustees, who are directots for the purposes of CoM￿Y law. present the anm￿l report together with th¢
financial 5taternents of the cbaritable company for the year ended 31 D￿ernber 2023.
Trustees
Mr M D Cleaver
MT D FatTcr
MrN J Goodall
Mr M Harg[￿V¢S
Mrs P L Manley
Mr S C Manley
Mr Kmason
Mrs H L Nelson
Mr P S Thompson
Mr K Wa]ton
MT J M Whittanl
Mrs K Wi150n
Objective5 and activities
Object5
To PTomoK IDaintaI￿ improve and advance pub]ic education by th¢ production and presentation of the
perfoTming arts.
To operate, maintain and promote tbe premi￿ knm as P¢tLdle Hippodrome Theatre, New Market Stre¢¢
Colne.
Revfiew of the year
This year was another succe5sfiIl and exciting year for the Hipp0dr0n￿. A packed and varied calendar of
entertainment vms provided, and the redevelopment V￿rk finally started on th¢ fo[M￿ Derby Arn￿. Booking
enquiries surged du¢ to the closure of Co]lle MUDI, however we were only able to accommodate a few due to our
a]ready busy calendar of events.
Event5 comprised the usual S¢hoo]s, Cinema ll1gb￿ Crn? Fair. musicjdance events and OD¢ new type of event
to us. wrestling. These events plus our regular n￿inte￿allCe, cleanin& refiwbislment work and meetings all
saDdwi¢hed between the Theatre compry and Youth Theatte sbows meant that ￿ rarely had a chance to takn
breatlL
Financially. every grant available to vrns obtained to help nllintsin the c&8b flow. and the prudence of the
directors in maintaining healthy cash reseryes over the years meant we were able to continue without any
serious fjnattcial hardship. The TheatrB Board have worked tirele551y to COM￿lt to the smooth nU]DI￿ of the
theatre, enswing the sustainability of the theatr¢ for all that use IL The growing teaD] of maintenance volunteers
undertook numerous tssks throughout th¢ year, aslde from the roufine cleaning and po]isbing after every event
the otber jobs ￿qll]red to maintain and irnPTove the theatre facilities 15 never ending but witb the help of these
volunteers we managed to undertake all the key tasks.
Major income again cattle from the biters, Craft Fair, Blues. bar and wardrobe departmenL FA￿ seem to be
costuming shows fiwther and further afield every year Such is their growing reputation.
Page 2

Pendle Hippodrome Theatre Limited
Trustees, Report
Volunteers
The Theatre continues to operate a IOO/o volunteer fi￿ctiOn and engage5 no paid staff on any Occasio￿ The
Theatre could not run without its strong team of volunteets who contribute sigllificantly to the ruDniDg of th
Organisatio￿ The volunteers come froro a diverse range of backgrou1￿, sharing a coll]mon love of the arts and
inclusivity. Many volunteers have attended the Theatse Company or Youth Theatre which forms part of our
Theatr¢ thetDselv¢5.
Theatre Conwany
The P¢ndle Hippodrome Theatre Company stsged 2 musical productions aThl a play through0￿ the yw and
welcomed oldermembers from the Youth Theatre aloDgwith any new members vkno I￿shed to be part.
Youth Theatre
The Pendle Hippo¢jrOD￿ Youth Theatre is managed by a Subcommittee apprnved by the Theatre Board, the
committee's role includes supporting the children and young people within tb¢ weekly worksbops, leading
aotivities and helping WAth the plaThisng of the artistic programme alongside the Artistic teanL The Youtb
Theatre works with the volunteers to build their ¢ODfidence, offer them development and training and help
signpost the￿ to wider educ&tion alld employll￿&t opportunities in the borougb.
The Youth Theatre n￿IntaInS a thriving n￿mberShiP open to all cbil(Iren 10 yeats and abov
Derby Arffts Refitrbishment
Last year saw the start of the long-awaited tedevelopment of the Dethy Alln5. With plaDs fmalised at the elld of
2022 the work went out to tender in February with Readstone COnstn￿tiOll being the successful bidder. We had
a few fiDancial ¢oncerns due to rnajor increases ill time and materials but with the help of Pendle Borougb
Council these were overcome, and work started in July. with an ¢xp¢rted completion being July 2024.
Management
The Board ha5 dealt with all aspects of maDag¢ment atLd financial control over the year with the theatre f￿anCeS
and investments are well managed and healthy balaDc¢s are ll]aintained. The self-ftmding operation of the
Theatr¢ conttnues to work well. with the Board having total control of finances and assets, the policy of
volunteer only operation remaing absolute. The main source of revenue remains constant, include theatre hire.
bar sale4 annual craft fair. wardrobe and prop bire. Grant assistance for specific prOje￿￿Capital items ar¢
sought when appropriate. The Board does not consider operatioll￿ ￿t aid to be prdcticaL
The building fimd will renmin active to belp prow Ivith the Dthy ArnL8 integration building project and is
anticipated to be fully utilised by the end of 2024.
Future plans
The Board will continue to investigate fi￿Y all areas of rne generation and will promote th¢ Theatre and its
Groups to the fvll¢st advantage. The extent of community involvement in the theatre is evident frotll the usage
of the building, Requests forbiTing are healthy for the cO￿l￿g year with severnE new hirets which we are hoping
to turn into regvlats.
Page 3

Pendle Hippodrome Theatre Limited
Trustees, Report
Pub]ic benefit
The charity Pendle Hippodrome Theatr¢ Ltd can display its Tublic Benefiv in several specifiG ways.
Its con]mitment of service to the commurity with the provision of opportunity for all to tske part in or ob5¢rve
many aspects of the Performing Arts.
Its commiln]ent to the preservatio￿ we aud d¢v¢lopment of a UDique building in the interest of the advancement
of Arts. CuItL￿¢ and Heritage.
Its con]mitmeDt to th¢ encouragement and education of youth through its own youth group freely open to all to
experlence the perforn]ing arts and work alongside peers and adults to enhattce petsonal and ￿mMUnity
developmenL
Its commitment to op¢rat¢ on a self-fimding and total volunlary basis encouragi1￿ any person to take part in its
activities.
Its commitment to work alongside fornMI education to provide young people with a wider experience of Arts,
Culture and the role played by volunteer groups in the wider comtllullity.
Its lollg ternl Commit￿ent to seek outnew opporti￿ltieS to reacb a wider sector of the community.
The tmsÉees confirni that they have complied with the re(wirements of section 17 of the Charities Act 2011 to
have due regard to th¢ public benefit guidance published by the Clwity CoMmi￿10n for England and Wale&
FinaDcAal revielv
Total unrestrcted income amounted to £157.392. with expenditure of £132,834 genetating a sU￿lUS of £24,558.
Expenditure includes £5.008 met from own fimds of the redevelopment projecL A grdnt of £ll.100 was
Teceived from PeDdl¢ BC for the project wbich was fully uti]ised.
Policy on reserves
ID view of the natt￿e of the in¢ome and expenditure of the charity there is a need to match v8riable incom¢ with
fixed commitments and the nature of the reserves. The directors collsid￿ that to Gontinue the ￿￿ellt a￿]Viti¢S a
general resetye of £80.000 should bo maintained. The directors bave agreed to use the ren￿]ning reserves for
development of tbe Theatre, and the Derby Anns projecL This wll impro￿ facilities for our ovm ¢otnpani¢s
and our hirets to fjJrther our objects in the w0n￿tiOn of theatre arts and also provide In￿roVed facilities for the
disabled.
Reserves at the year end are as follows:
General fimd £204.858
Fxxed assets reserye £145,142
Building reserye £l10.630
Principal funding sources
The ch&ity gellerates the majority of its revenue from theatre hire. bar sales at events. youth theatre
perfom)ance5 and tbe annual craft fair.
Illvestment policy and objectives
The charity holds surplus funds in interest bearing bank accoun
Page 4

Pendle Hippodrome Theatre Limited
Trusteesl Report
Strutturei governance and Duwigemenl
N￿￿re of governing documcnl
Th¢ Lharily is conlrolled by its Articles of A$50CTalion daled 15ih ScNember 1982.
Rccruitment and appointmcnt ofiru￿Ccs
The directors are elcctcd by Pendl¢ Hippodrome Th¢atrc Colnpany {an unincorporatcd association).
or￿n1S8110n￿l struclure
The dircctors mcl r¢gulJrly Éhroughout thc year.
Major risks #nd manaEement of those ri5
Thc Irustccs have a risk managemcnl pmccss th ￿￿esS b￿lnesS risLs a￿1 are implemenling &yslcms lo miligate
Ihese risks. Intcrnal risks are minimised b! the implementation of procedurcs for allthorization of all
iransaclion5 and projecTS and to ensurc consistent quality ofdc]ivery for all operational aspects of ihe chariiable
ompany. As parl of an ongoing improvement polxcy ihese risk procedure5 are reviewed on an annual basis and
corrcclcd l amendcil whcn ncecssary.
Small ctsmpani¢s provision ststement
This r¢port bccn preparcd in ac¢ord?ncc with ihc small companics regimc undcr tk Companies Aci ?(KJ6.
Th¢ annval report uys approved by ihe iru%iees ofihe charily on 23 April 2024 and signed on ils b¢hdifby.
Mr K Mason
Tn￿1¢¢
Page 5

Pendle Hippodrome Theatre Limited
Independent Examiner's Report to the trnstees of Pendle Hippodrome Theatre Limited
('the Co]npany')
I report to the charity tW5tee5 on my uaminaliou of the accouots of the Company for the year ended 31
December 2023.
Re5pollsibllitie5 and basi5 of report
As the charity's trustees of the Comp8ny (and also its directors for the putposes of company law) you
reSPOD5ibl¢ for the preparntion of the accoullts in accordau¢e with th¢ requi￿¢llts of th¢ Companies Act 2006
('the 2006 Act.).
Having satlsfied myself that the accounts of the CoD]pany are not required to be audited under Part 16 of the
2006 Act and ar¢ ¢ligibl¢ for independent examinatio￿ I report in respect of tlly exan]ination of your charity,
accounts as carried out under section 145 of the Charitles Act 2011 ('tbe 2011 Act.). In ¢anJiDg out my
examination I have followed the Directions given by th¢ Clwity CoJnmiwon under section 145(5)(b) of the
2011 ACL
Independent examiner's statement
I have completed my eXami￿tiOn. I CODfilln that no matters have come to my attention in CODnethion with the
examination giving me cause to believe."
accountillg records were not kept in respect of Pendle Hipp0dr0n￿ Theatre Limited as required by section
386 ofthe 2006 Act" or
2. the accouEts do not accord with thosB records: or
3. the accounts do not comply vrith the accounting requirements of section 396 of the 2006 Act other tILan
any reqUirell￿nt tlmt the accounts give a 'true and fait viev/ wbicb is not a matter considered as part of an
independent examination" or
4. the accounts have not been prepar￿ in a￿[dance with the method5 and pEin¢ip1¢5 of tb¢ Statement of
RecotDmended Practice ftir accountiDg aDd reporting by clwities [appIicable to Ch￿ltIeS preparing their
3ccoiints in a￿Ordance with the Financial RepoIting StaDdard applicable in the UK and R¢pubIiG of
Jreland (FRS 102)].
I have no concerns and have acTOSS no other ll￿tte[s in connection with the exqmination to which attention
thould be thawn in this report in 0￿er to ￿le a proper utuktstanding of tbc accounts to b¢ rnched.
MarkHeaton FCCA FaE DCbA
1st Floor, Block C
The Wharf
Manchester Road
Bwrnley
LaDcashire
BBII IJG
23 April 2024
Page 6

tr4 V) W p¢
'111111:11

Pendle ￿1ppodrome Theatre Limited
(Registratlon number: 01664358)
Balance Sheet as at 31 December 2023
2(123
2022
Note
Fixcd a55ots
Tangible asscis
Inv&slmenls
12
13
445.142
IXI.789
144.31¥
99.154
245.931
243,472
Current assets
Srocks
Debtors
Cath at bank and in hand
1 3.835
.472
211.755
3.843
15,780
175.406
14
?17,062
195.0?y
Credltors: Arnounts falllD£ dDe withln one vear
15
12.3631
(2.429)
'et eyrrent assets
14.699
ko.630
192.600
Net assets
436.072
Funds ofthe charilr.
Unrestricted income TuDd5
UnrL'strictrd funds
460.630
436.072
Tothl funds
16
0.630
436,072
For il)c financiiil ycdr ¢nding 31 Deccmbcr ?023 the charity was ent111￿ to exemptio￿ from audit under section
477 ofihc Companios Act ?oa6 rclaiing to small companie&
DireLlors' r¢spDnsibililie
Th¢ m¢mbttrs have nol required the charily lo obtain an audit of Its acwunts for the year in question in
aceordlu￿C wilh section 476: and
Thc dircclors acknowled￿ ihcir rcsponsibilili¢s for complytng with lh¢ requirements of ihe Aet with respe
to y￿OuntIng records. and Ihe pttpafttiort ofaccounl&
Thc financial $trtemenis on pagcs 7 10 15 were approved by thc trustees, and aUthori￿d for i&qu¢ on 23 April
?024 Dnd si¥ned on their behalf br.
Mr K Mason
Trll5tce
The noies on pages 9 10 15 fomi an inlcgral part ofthese financial s
Page 8

Pendle Hippodrome Theatre Lin)ited
Notes to the Financial Statements for the Year Ended 31 December 2023
I Charity 5tatU5
The charity is limited by guarantee, incorporated in England, and consequently does not have shaTr capital. Each
of the trustse5 is liable to contnThute an amount not exceeding £1 towards the wets of th¢ GbaTity in th¢ eV￿t of
liquidation.
The address of its registered office is:
Newmarket Street
Coln¢
Lancasbire
BB8 9BJ
These fll]anci￿ statements were authorised for issue by the tsvstees on 23 April 2024.
2 Accounting po]icie5
Summary of $igDificant attoullting policies and key ateowiting estiwatrs
The ptincipal accounting policie5 applied in the piepardtion of these financial state[t￿llts are set out below.
These po]icies have been consistently applied to all the years presented, w)less otherwise state
Statement of comp]iallcÈ
The financial statements have been prepared in accokn with Accounting and Reporting by ChaTities:
Statement of Recommended Practice appticable to cbaTities prepariDg their accounts in accordance wÉth the
Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l Jojll
2019) - (ChaTities SORP (FRS 102)). the Fittancial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102). They also complywith the CorDpa￿¢S Act 2006 and Charities Act 2011.
BAS15 of preparatlon
Pendle Hippodrome Theatre Limited meets the defmition of a public benefit entity under FBS 102. Assets and
liabilities ate initially I￿0g￿S￿ at bistoriGal cost or Iransaction v81ue unle&s otheTwise stated in the relevant
ac¢ounÉing policy notes.
Going eoncern
The trustees consider tbat thete are no material uncertainties about the charity's ability to continue as a going
concern nor any significant ar¢a5 of uncertainty that afftct the Ca￿l￿g value of assets held by the charity.
Income
All illcome is Tecogoised once the cbarity ha5 entitlemeDt to the income. it is probable that the income will be
received and the aTnount of the income Teceivable canbe measured ￿lIablY.
Expenditure
All eXpendit[￿e 15 recognised onre the￿ 15 a legal or constnthve ob]igation to that expenditur4 it is probablg
5ettlernent is required alld the amount can be meas[￿ed re]iably. All costs are allocated to the appltcable
expenditure heading that ag8reEate similar costs to that category.
Page 9

PendIe Hippodrome Theatre Linlited
Notes to the Financial StateLuents for the Year Ended 31 December 2023
RaiNngfund3
These are costs incutTed in attrdcting voluntary incollK the management of investments and those incutred in
trading activities that raise fimds.
Chan'lable acltvities
Charitable expendikn comprise5 those costs incutred by the ¢haEity in the delivery of its activities and services
for Its beneficiari¢s. It includes both costs that can be allocated diTrctly to such activities and those costs of all
indirect nattwe necessary to sUppOrttb￿
Taxation
The charity is consider¢d to pass the tests set out itt Par8￿ph I Schedule 6 of the Finance Act 2010 and
therefore it meets the definition of a charitable company for UK CO￿O￿tion tax PlJTposes. Accordingly, the
clwity 15 POt¢ntially exempt from tsxation in respect of income or capital gains r¢ceiYed within categories
¢overed by Chapter 3 Part I l of the Co￿Oration Tax A¢t 2010 or Section 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gal￿% are applied exclusively to charitable putposes.
Depreci4tion
Depreciation Is provÉded on tau￿blE fixed assets so as to write off the cost OT Valuatio￿ less any estinTrted
residual value, over their expected weful economic ]ife as follows:
Asset class
Freehold ptopety
Equipment
Depretiation method and rate
2D/o On Cost per aDDU
33/0 on c05t per aDDu
Trade debtors
Trade debtors are all￿u￿ts the from for m¢￿hth sold or services perfornied in the ordinary
course of busin￿.
Trade creditors
Trade creditors ate obligations to pay for goods or services that bav¢ been acquired in the ordinary COU￿ of
business from Suppli￿S. Accounts payable are classified as current ]iabi]ities rf the Gbatity does not have all
unconditional rigbl at the end of the ryorting period, to def￿ settlement of the creditor foi at least twelve
onth5 after the reporting date. If there 15 an unwnditiojjal right to defer settlement for at le&st twelve months
after the reporting date, they are presented as non-current liabilities.
und structure
UnTestricted incom¢ funds ate genernl funds that are available for use at the trustees discretion in furtherance of
the obiectÉves of the charity.
DesigDated fjmds are unrestricted fL￿d$ set aside for specific purposes atthe discretion of Ihe th￿te¢s.
Page io

Pendle Hxppodrome Theatre Iimited
Notes to the Financial Staternents for the Year Ended 31 December 2023
3 Income from donatioDs
Unrestricted
TotAI
2023
Total
2022
Ceneral
Restricted
Donations
Government grants
3.634
3.634
ii,ioo
1237
28,615
29,852
i i.ioo
3,634
ii.ioo
14,734
4 1n¢ome from eh2fAt2ble aetivities
Unrestricted
Total
2023
Total
2022
General
Theatre Operntions
Youth Theatre
32,554
33.363
32.554
33,363
38,647
18,178
65.917
65917
56,825
5 Income from other trading activities
Unre5trided
TotaI
2023
Total
2022
General
Trading income:
Bar sales etc
Craft Fatr
50.602
35.085
50,602
35,085
42.739
35,989
85.687
85.687
78,728
6 Jnvestment incoD
Total
2023
Total
2022
Ceneral
Interest receivable onbank dwsits
2.154
2,154
671
Page 11

Pendle Hippodrome Theatre Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
7 Expenditure on raising funds
Pd) C05t5 of trading activities
UDrestrictsd
Total
2023
Total
2022
General
Fundrhising trading
22.794
22,794
24,269
8 Expenditure on ehArllt2ble aetivlties
U]restrieted
Total
2023
Total
2022
General
Restricted
Theatre Operations
YoLttb Theatre
Levelling up expenditure
88.256
16.776
5,008
88256
16,776
16.108
74.632
13,030
25,948
ii.ioo
110,040
i i,ioo
121.140
113,610
9 Net in¢ominWoutgoing resources
Net incoming resources for the year include:
2023
2022
DeW￿latiOn of fixed assets
Ind¢p¢nd¢nt ¢xamineTh fee
4,725
1,400
4,725
1,360
10 Trustees remuneration and expenses
No trustees. nor any persons CODnected with then4 have received any remurntion from the cknty during th¢
yeat.
No trustees have received any teiD]butsed expenses orany otherbenefits fro]n the clwity during the year.
11 Taxation
The clmrity is a registered chatity and i8 therekn exempt ftom taxatio
Pag¢ 12

Pendle Hippodrome Theatre Limited
Notes to the Financial Statements for the Year Ended 31 December 2023
12 Tall￿711e fized assets
Freehold
property
Equipment
Total
C05t
At l January 2023
Additions
237,494
93,775
5,549
331269
5,549
At 31 December 2023
237,494
99.324
336,818
Depreciation
At l January 2023
Clwge for th¢ year
At 31 December 2023
93,176
4,725
93,775
186,951
4,725
97.901
93.775
191,676
Net book value
At 31 December 2023
139.593
5.549
145.142
At 31 December 2022
144.318
l44.318
13 Fixed asset investments
21)23
2022
100.789
99.154
Other investments consists of a deposit account with Cauthidge & Counties Bank
14 Debtors
2023
2022
Trade debtors
Other debtors
1.472
14,400
1,380
15,780
1,472
IS Creditors
2023
2022
TEade creditors
ACC￿al$
104
2259
708
1.721
2J63
2.429
Page 13

Pendle Hippodrome Theatre Lijnited
Notes to the Financial Statements for the Year Ended 31 December 2023
16 Funds
Balance at
31
December
2023
Balance at I
January
2023
Incoming
resources
Resources
expended
Transfers
Unrestrlcted funds
GeneMI
General Fund
181.124
157.392
(132.834)
(824)
204,858
Desigiiated
Fixed Assets
Building Reserve
144318
110.630
824
145,142
110,630
255.772
254948
824
Total nnrestrlcted funds
436,072
157.392
(132,834)
460.630
Restricted fun(Is
Levelling up ￿t- Pendle
BC
ii.ioo
(i i,ioo}
Total fund5
436.072
168,492
(143.934)
460.630
Balance at
31
Balance at I
JaDUllry
2022
Incoming
re50ur¢es
Resources
expended
December
Trgnsfers
2022
UDrestrictsd fvnds
General
General Fund
148202
140.128
(111.931)
4.725
181,124
Deslgnated
Fixed Assets
Building Reserye
149,043
110,630
(4,725)
144,318
110.630
259.673
(4,725)
254.948
Total UDre5trAeted funds
407.875
140.128
(111.931)
436.072
Restricted funds
Levelling up grant- Pendle
BC
25,948
(25,948)
Total funds
407.875
166.076
(137.879)
436,072
Pa￿ 14

Pendle Hippodrome Theatre LiDJited
Notes to the Financial Statements for the Year Ended 31 December 2023
17 Anatysis of net assets between funds
Unres¢rirted
Total funds
at31
De¢enther
2023
General
Deslgllated
Tall￿￿1e fixed assets
Fixed asset investments
cU￿ent assets
CU￿¢Trt liabilities
145,142
100,789
9,841
145,142
100.789
217,062
(2.363)
207221
(2,363)
Total net assets
204,858
255,772
460,630
Unr&strieted
Total fun(18
at31
Decellther
Cenerat
Designated
2022
Tangible fixed assets
Fixed 2S5et inYestmeThts
CUr￿nt assets
Current liabilities
144J18
99,154
11.476
144,318
99,154
195.029
(2,429)
183.553
(2,429)
Total net assets
181.124
254,948
436.072
Pag¢ 15