Charity registration number: 900417
**WHARF THEATRE DEVIZES TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **Wharf Theatre Devizes Contents**
||**Page**|
|---|---|
|Trustees' Report|1—3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Statement of Financial Position|6|
|Notes to the Financial Statements|7—11|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities|12—13|
## **Wharf Theatre Devizes**
## **Trustees' Report For The Year Ended 31 August 2025**
The trustees present their report and the financial statements for the year ended 31 August 2025.
## **Objectives and Activities**
## **Aims and Objectives**
The Charity's governing document states that its charitable objective is to promote, maintain, improve and advance public education in relation to all aspects of the arts of drama and music and development of public appreciation of such arts. This is done through the maintenance and stewardship of a dedicated theatre where entertainment for all generations and ages is offered. In addition, we provide a space for other local amateur dramatic societies to perform their productions alongside shows produced in-house.
## **Public Benefit**
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
## **Achievements and Performance**
## **Main Achievements**
The theatre has had a very successful 12 months with four sell out shows and 76% of tickets for in-house productions sold. There have been increases in volunteers in all areas of the theatre, but there is a call for more people who are willing to work on organising social events or revue shows such as The Wharf Awards.
The Wharf has worked with multiple local groups over the year including Devizes Beer Festival, The Devizes to Westminster canoe race, Devizes Film Club, Devizes Carnival and Devizes Eistedfodd Festival. This is also the first year for some time that the Devizes Arts Festival have used The Wharf as a venue.
Feedback from the Little Theatre Guild of their visit was that they were stuck by how much The Wharf provides in the year with many other local groups averaging at one of two in-house productions a year.
The youth theatre has maintained its successful streak with this being the second consecutive year achieved distinctions in their LAMDA exams. The Senior Youth group also performed "Girls Like That" which received a lot of praise from its audiences and as well as an increase in uptake of the youth groups. Looking ahead, the youth theatre will be working on a youth performance for 2025/26, while Lou Cox is set to introduce summer youth workshops for the first time this year.
## **Financial Review**
## **Financial Position**
Overall income in 2024-25 was £103,170. The income sources are; Membership fees £5,441, ticket sales £66,812 (internal £62,404, external £4,408) and bar sales £30,917. The total costs for producing shows run by the charity were £42,964 and the running and admin costs totalled £27,036 in the year. There was a net surplus in the normal operation of £33,171.
At the year-end we hold a total of £47,641 in cash split between the charity's bank account and paypal.
## **Reference and Administrative Details**
## **Trustees**
L Taylor L Cowen A Newton (appointed 01/04/2025) A Wheeler (appointed 01/04/2025)
## **Charity Number**
900417
## **Principal Address**
Wharfside
Page 1
**Wharf Theatre Devizes Trustees' Report (continued) For The Year Ended 31 August 2025**
Devizes Wiltshire SN10 1EB
## **Independent Examiner**
Charlton Baker Limited 7-7c Snuff Street Devizes Wiltshire SN10 1DU
Page 2
## **Wharf Theatre Devizes Trustees' Report (continued) For The Year Ended 31 August 2025**
The trustees' report was approved by the board of trustees and signed on its behalf by:
L Taylor Trustee Date
Page 3
## **Wharf Theatre Devizes Independent Examiner's Report to the Trustees of Wharf Theatre Devizes For The Year Ended 31 August 2025**
I report to the trustees on my examination of the accounts of Wharf Theatre Devizes (the Trust) for the year ended 31 August 2025.
## **Responsibilities and Basis of Report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- �. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Charlton Baker Limited Date 7-7c Snuff Street Devizes Wiltshire SN10 1DU
Page 4
## **Wharf Theatre Devizes Statement of Financial Activities For The Year Ended 31 August 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities
**4**
Investments
**5**
**EXPENDITURE ON:**
Raising funds
**7**
Charitable activities
**7**
**NET INCOME**
Extraordinary items
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**15**|**2025**
**Unrestricted**
**funds**
**£**
5,441
97,729
1|**2024**
**Unrestricted**
**funds**
**£**
6,874
73,437
-|
|---|---|---|
||103,171|80,311|
||(42,964)
(27,036)|(52,256)
(27,488)|
||(70,000)|(79,744)|
||33,171
-|567
(660)|
||33,171
18,581|(93)
18,674|
||51,752|18,581|
The notes on pages 7 to 11 form part of these financial statements.
Page 5
## **Wharf Theatre Devizes Statement of Financial Position As At 31 August 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**11**
**CURRENT ASSETS**
Stocks
**12**
Debtors
**13**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**14**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**15**
On behalf of the board
L Taylor
Trustee
Date|**2025**
**Unrestricted**
**funds**
**£**
2,632|**2024**
**Total funds**
**£**
3,948|
|---|---|---|
||2,632
1,528
1,853
47,641|3,948
1,528
1,646
11,459|
||51,022
(1,902)|14,633
-|
||49,120|14,633|
||51,752|18,581|
||51,752|18,581|
||51,752|18,581|
||51,752|18,581|
||||
The notes on pages 7 to 11 form part of these financial statements.
Page 6
## **Wharf Theatre Devizes Notes to the Financial Statements For The Year Ended 31 August 2025**
## 1. **General Information**
Wharf Theatre Devizes is an unincorporated charity registered with the Charity Commission, registered charity number 900417. The principal address is Wharfside, Devizes, Wiltshire, SN10 1EB.
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Incoming Resources**
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
- income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
## 2.3. **Resources Expended**
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
- expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
- other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
## 2.4. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings
25% straight line
Page 7
## **Wharf Theatre Devizes Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
## 2.5. **Stocks and Work in Progress**
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.
## 2.6. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 3. **Income from Donations and Legacies**
|Donations and gifts
Member subscriptions and sponsorships
.
**Income from Charitable Activities**
Internal shows
External shows
Bar sales
.
**Investment Income**
Bank interest receivable
.
**Net Income/(Expenditure)**
he net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned|**2025**
**Unrestricted**
**funds**
**£**
-
5,441|**2024**
**Unrestricted**
**funds**
**£**
10
6,864|
|---|---|---|
||5,441|6,874|
||**2025**
**Unrestricted**
**funds**
**£**
62,404
4,408
30,917|**2024**
**Unrestricted**
**funds**
**£**
51,403
2,820
19,214|
||97,729|73,437|
||**2025**
**Unrestricted**
**funds**
**£**
1|**2024**
**Unrestricted**
**funds**
**£**
-|
||**2025**
**£**
1,316|**2024**
**£**
8,987|
## 4. **Income from Charitable Activities**
## 5. **Investment Income**
## 6. **Net Income/(Expenditure)**
The net income is stated after charging/(crediting):
Page 8
## **Wharf Theatre Devizes Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
## 7. **Analysis of Expenditure**
|Raising funds
Internal shows
External shows
Bar sales
Ice cream sales
Raising funds
Internal shows
External shows
Bar sales
Ice cream sales
.
**Support Costs**
Employee costs
Premises expenses
General administration
Depreciation
Employee costs
Premises expenses
General administration
Depreciation|**Activities**
**undertaken**
**directly**
**£**
-
4,784
12,106
8,028
2,118|**Support costs**
(see note 8)
**£**
42,964
-
-
-
-|**2025**
**Total**
**£**
42,964
4,784
12,106
8,028
2,118|
|---|---|---|---|
||27,036|42,964|70,000|
||**Activities**
**undertaken**
**directly**
**£**
-
7,055
14,425
5,162
846|**Support costs**
(see note 8)
**£**
52,256
-
-
-
-|**2024**
**Total**
**£**
52,256
7,055
14,425
5,162
846|
||27,488|52,256|79,744|
||||**2025**
**Raising funds**
**£**
73
14,896
26,679
1,316|
||||42,964|
||||**2024**
**Raising funds**
**£**
107
21,905
21,257
8,987|
||||52,256|
## 8. **Support Costs**
Page 9
## **Wharf Theatre Devizes Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
9. **Independent Examiner's Remuneration**
|.
**Independent Examiner's Remuneration**||||
|---|---|---|---|
||**2025**|**2024**||
||**£**|**£**||
|Independent examination of the financial statements|1,985||193|
## 10. **Average Number of Employees**
Average number of employees during the year was: NIL (2024: NIL)
## 11. **Tangible Assets**
|11.
**Tangible Assets**|||||
|---|---|---|---|---|
|**Cost**
As at 1 September 2024
As at 31 August 2025
**Depreciation**
As at 1 September 2024
Provided during the period
As at 31 August 2025
**Net Book Value**
As at 31 August 2025
As at 1 September 2024
12.
**Stocks**
Stock
13.
**Debtors**
**Due within one year**
Other debtors
14.
**Creditors: Amounts Falling Due Within One Year**
Accruals and deferred income|**Plant &**
**Machinery**
**£**
5,617||**Fixtures &**
**Fittings**
**£**
32,051|**Total**
**£**
37,668|
||5,617||32,051|37,668|
||5,617
-||28,103
1,316|33,720
1,316|
||5,617||29,419|35,036|
|||-|2,632|2,632|
|||-|3,948|3,948|
||||**2025**
**£**
1,528
**2025**
**£**
1,853
**2025**
**£**
1,902|**2024**
**£**
1,528|
|||||**2024**
**£**
1,646|
|||||**2024**
**£**
-|
Page 10
## **Wharf Theatre Devizes Notes to the Financial Statements (continued) For The Year Ended 31 August 2025**
## 15. **Movement in Funds**
|**Unrestricted funds**
General:
General unrestricted fund
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1**
**September**
**2024**
**£**
18,581|**Income**
**£**
103,171|**Expenditure**
**£**
(70,000)|**As at 31**
**August 2025**
**£**
51,752|
|---|---|---|---|---|
||18,581|103,171|(70,000)|51,752|
||**As at 1**
**September**
**2023**
**£**
18,674|**Income**
**£**
80,311|**Expenditure**
**£**
(80,404)|**As at 31**
**August 2024**
**£**
18,581|
||18,674|80,311|(80,404)|18,581|
## 16. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
## 17. **Related Party Disclosures**
There have been no related party transactions in the reporting period that require disclosure.
Page 11
## **Wharf Theatre Devizes Detailed Statement of Financial Activities For The Year Ended 31 August 2025**
|**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Donations and gifts
Membership subscriptions
**Charitable Activities:**
**Internal shows**
Ticket sales
**External shows**
External ticket sales
**Bar sales**
Bar sales
**Investments**
Bank interest receivable
**EXPENDITURE ON:**
**Raising funds**
Staff training
Travel and subsistence expenses
Rent
Rates
Light and heat
Cleaning
Repairs, renewals and maintenance
Insurance
Advertising and marketing costs
Telecommunications and data costs
Independent examiner's fees
Subscriptions
Bank charges
Sundry expenses
Depreciation
**Charitable Activities:**
**Internal shows**
FOH purchases|**2025**
**Total**
**funds**
**£**
-
5,441|**2024**
**Total**
**funds**
**£**
10
6,864
6,874
51,403
51,403
2,820
2,820
19,214
19,214
-
-
80,311
-
(107)
(2,578)
(5,907)
(9,031)
(4,389)
(5,342)
(2,723)
(6,979)
(765)
(193)
(330)
(802)
(4,123)
(8,987)
(52,256)
(179)
...CONTINUED|
|---|---|---|
||5,441
62,404||
||62,404
4,408||
||4,408
30,917||
||30,917
1||
||1||
||103,171
(73)
-
(3,320)
(1,126)
(6,978)
(3,472)
(9,441)
(2,970)
(10,023)
(878)
(1,985)
(247)
(417)
(718)
(1,316)||
||(42,964)
-||
Page 12
## **Wharf Theatre Devizes Detailed Statement of Financial Activities (continued) For The Year Ended 31 August 2025**
|Programme costs
Costumes
Set building
Props
Scripts
Premises costs
Royalties and licence fees payable
**External shows**
External shows
**Bar sales**
Bar purchases
**Ice cream sales**
Ice cream purchases
**NET INCOME**|(760)
(317)
-
(1,700)
(256)
(141)
(1,610)|(901)
(779)
(586)
(641)
(618)
(186)
(3,165)|
|---|---|---|
||(4,784)
(12,106)|(7,055)
(14,425)|
||(12,106)
(8,028)|(14,425)
(5,162)|
||(8,028)
(2,118)|(5,162)
(846)|
||(2,118)|(846)|
||(70,000)|(79,744)|
||33,171|567|
Page 13