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THE CRITERION THEATRE TRUST

Registered charity 1014891 · accounts filings on the Charity Commission register

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Latest income
£3.0m
Latest spending
£3.2m
Registered
1992
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure of £232,212 for the year, driven by lower-than-predicted audience attendances and extraordinary costs for 150th-anniversary celebrations. Despite this deficit, the trustees confirm the charity has adequate resources to continue as a going concern, with unrestricted reserves of £2,208,559 held against a policy target of six months' expenditure.

What the accounts disclose

Reserves policy: six months of unrestricted expenditure (held: £2.2m)
“It is the policy of the company that its free reserves should be maintained at a level equivalent to a minimum of six month’s expenditure” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Criterion Theatre Piccadilly Limited
“Criterion Theatre Piccadilly Limited has been dormant throughout the current and previous year.” — page 26
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Gerald Edelman LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£3.0m
Total spending
£3.2m
Reserves (reported)
£3.1m
Employees
38

Reported reserves equal ~11.6 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: City Of Westminster

Income and spending

Financial year endIncomeSpending
31/12/2024£3.0m£3.2m
31/12/2023£3.3m£2.9m
31/12/2022£3.3m£2.7m
31/12/2021£1.9m£1.8m
31/12/2020£1.3m£1.7m

Common questions

Is THE CRITERION THEATRE TRUST financially healthy?

The accounts state that the charity reported a net expenditure of £232,212 for the year, driven by lower-than-predicted audience attendances and extraordinary costs for 150th-anniversary celebrations. Despite this deficit, the trustees confirm the charity has adequate resources to continue as a going concern, with unrestricted reserves of £2,208,559 held against a policy target of six months' expenditure. Its FY2024 accounts were audited by Gerald Edelman LLP.