BUNGAY ARTS AND THEATRE SOCIETY
The Charity provides and assist in the provision of facilities for the recreational, educational, cultural, artistic and other leisure occupations in the interests of the social welfare of the inhabitants of the town of Bungay and surrounding communities.
Financial health, per its FY2025 accounts
The accounts state that free reserves of £49,829 are below the charity's stated policy target of approximately £70,000, representing a shortfall the trustees are actively addressing. Despite a surplus for the year, the independent examiner reports a material uncertainty regarding future income due to economic pressures on costs. The trustees maintain the going concern basis based on recent fundraising improvements and cash flow, though they acknowledge the need for continued grant support.
What the accounts disclose
“It is the charity’s policy to maintain, as far as is possible, sufficient reserves to meet day to day requirements for a period of six months, estimated at approximately £70,000.” — page 6
“As described in note 2.2. there is material uncertainty over the future income of the charity as a result of significant pressure from future cost increases as a result of current economic environment.” — page 10
“During the year purchases totalling £2,205 (2024: £6.060) were made from Darren France, a trustee of the charity. The services provided were advice and support on the theatre programme. As at 28 February 2025 there were no amounts outstanding.” — page 29
Property (HM Land Registry)
Trustees
- Darren Ashley France
- Frances Charlotte Betts
- JEREMY GUY DAVIES FCCA
- JOHN MICHAEL PUTMAN
- Jeremy Bryan Thompson
- Nigel Clifford Lubbock
- Paul Baker
- Peter Roy Holmes
- Roger Charles Yaxley
- SANDRA COX
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £347k | £330k |
| 29/02/2024 | £240k | £271k |
| 28/02/2023 | £219k | £260k |
| 28/02/2022 | £125k | £192k |
| 28/02/2021 | £234k | £131k |
Common questions
Is BUNGAY ARTS AND THEATRE SOCIETY financially healthy?
Per its FY2025 accounts: The accounts state that free reserves of £49,829 are below the charity's stated policy target of approximately £70,000, representing a shortfall the trustees are actively addressing. Despite a surplus for the year, the independent examiner reports a material uncertainty regarding future income due to economic pressures on costs. The trustees maintain the going concern basis based on recent fundraising improvements and cash flow, though they acknowledge the need for continued grant support. Its FY2025 accounts were independently examined.
Who funds BUNGAY ARTS AND THEATRE SOCIETY?
Funders whose own accounts filings name BUNGAY ARTS AND THEATRE SOCIETY as a grant recipient include BUNGAY TOWN TRUST CIO.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| BUNGAY TOWN TRUST CIO | FY2025 | £1k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 03/08/2020 | £30k | "COVID19: Bungay Arts and Theatre Society" |
| The National Lottery Community Fund | 19/01/2007 | £9k | Fisher Theatre Community Project/Film |
| The National Lottery Heritage Fund | 21/11/2003 | £335k | "Fisher Theatre Project" |
Funders of similar charities
Charities like this
- BURY METROPOLITAN ARTS ASSOCIATION
- TRINITY THEATRE AND ARTS CENTRE LIMITED
- NEWCASTLE ARTS CENTRE TRUST LTD
- HODDESDON (COMMUNITY) SOCIETY OF PERFORMING ARTS LTD.
- WOTTON ARTS PROJECT
- The Montgomery Theatre and Arts Centre Limited
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BUNGAY ARTS AND THEATRE SOCIETY | £347k | — | 0 | unclear | — | material uncertainty |
| BURY METROPOLITAN ARTS ASSOCIATION | £1.2m | — | 0 | below | — | no doubt |
| TRINITY THEATRE AND ARTS CENTRE LIMITED | £1.2m | Under £60,000 | 0 | unclear | — | material uncertainty |
| NEWCASTLE ARTS CENTRE TRUST LTD | £175k | — | 0 | unclear | — | no doubt |
| HODDESDON (COMMUNITY) SOCIETY OF PERFORMING ARTS LTD. | £319k | Under £60,000 | 0 | above | — | no doubt |
| WOTTON ARTS PROJECT | £102k | — | 0 | unclear | — | no doubt |