THE NEW WOLSEY THEATRE COMPANY LIMITED

Registered charity 1082016 · accounts filings on the Charity Commission register · also known as THE NEW WOLSEY, THE NEW WOLSEY THEATRE

With a stated mission of presenting high quality, diverse and accessible work, the New Wolsey Theatre Ipswich has emerged as a national leader recognised for the diversity of its audiences; for engaging with a broad cross-section of theatre-going and non-theatre-going communities; for nurturing and developing black and minority ethnic artists; and for its style of actor/musician productions.

Causes: Arts/culture/heritage/science · website · Get email alerts

Latest income
£3.4m
Latest spending
£3.3m
Registered
2000
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a net surplus of £52,788 for the year ended 31 March 2025, with total income of £3,356,965 against total expenditure of £3,304,177. Per the trustees' report, free unrestricted reserves stood at £1,067,155, which is above the stated policy target range of £750,000-£850,000. The trustees confirmed adequate resources to continue as a going concern for at least twelve months from the date of approval.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Charitable activities (96% of income)
“Turnover in 2024-2025 amounted to £3,356,965 of which 35% (£1,167,728) was received in unrestricted core grants from our major funders, 1% (£41,185) was received in restricted activity project grants with the remaining 64% (£2,148,052) received in income generated by charitable activities (box office, donations, fundraising and investments).” — page 12
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: £750,000-£850,000 (held: £1.1m)
“The Trustees’ current assessment of free unrestricted reserves needed at the end of a financial year is within the range of £750,000-£850,000.” — page 12
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The charity provided free use of space within the Theatre to the spouse of a member of key management to deliver ‘Wolsey Writers’ (community projects) and also hired out space in the NW2 community building to deliver writing workshops. The charity charged £148 for the service of processing the income for both strands of activity and £120 in hire charges. As at 31 March 2025, the charity owed £934 (2024- £233) in respect of matured sales less charges.
“During the year, the charity provided free use of space within the Theatre to the spouse of a member of key management to deliver ‘Wolsey Writers’ (community projects) and also hired out space in the NW2 community building to deliver writing workshops. The charity charged £148 for the service of processing the income for both strands of activity and £120 in hire charges. As at 31 March 2025, the charity owed £934 (2024- £233) in respect of matured sales less charges.” — page 50
“During the year the charity incurred costs of £450,187 (2024 - £653,188) from New Wolsey Theatre Productions Limited. The charity also received fees of £607,649 (2024 - £849,093) and payroll reimbursement costs of £Nil (2023 - £93,765) from New Wolsey Theatre Productions Limited. The balance owing from New Wolsey Theatre Productions Limited at the year end is £220,943 (2024 £109,220).” — page 50
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The charity incurred costs of £450,187 from New Wolsey Theatre Productions Limited. The charity also received fees of £607,649 and payroll reimbursement costs of £Nil from New Wolsey Theatre Productions Limited. The balance owing from New Wolsey Theatre Productions Limited at the year end is £220,943.
“During the year, the charity provided free use of space within the Theatre to the spouse of a member of key management to deliver ‘Wolsey Writers’ (community projects) and also hired out space in the NW2 community building to deliver writing workshops. The charity charged £148 for the service of processing the income for both strands of activity and £120 in hire charges. As at 31 March 2025, the charity owed £934 (2024- £233) in respect of matured sales less charges.” — page 50
“During the year the charity incurred costs of £450,187 (2024 - £653,188) from New Wolsey Theatre Productions Limited. The charity also received fees of £607,649 (2024 - £849,093) and payroll reimbursement costs of £Nil (2023 - £93,765) from New Wolsey Theatre Productions Limited. The balance owing from New Wolsey Theatre Productions Limited at the year end is £220,943 (2024 £109,220).” — page 50
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Larking Gowen LLP. Discloses 4 of 6 completeness components.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2025)

Total income
£3.4m
Total spending
£3.3m
Cost of raising funds
£39k
Reserves (reported)
£1.1m
Employees
38

Reported reserves equal ~3.9 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Charitable activities (97% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 1.1% of total income — below the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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

Operates in: Suffolk

Income and spending

Financial year endIncomeSpending
31/03/2025£3.4m£3.3m
31/03/2024£3.3m£3.2m
31/03/2023£3.5m£3.8m
31/03/2022£2.9m£3.7m
31/03/2021£3.0m£1.8m

Common questions

Is THE NEW WOLSEY THEATRE COMPANY LIMITED financially healthy?

Per its FY2025 accounts: The accounts state that the charity generated a net surplus of £52,788 for the year ended 31 March 2025, with total income of £3,356,965 against total expenditure of £3,304,177. Per the trustees' report, free unrestricted reserves stood at £1,067,155, which is above the stated policy target range of £750,000-£850,000. The trustees confirmed adequate resources to continue as a going concern for at least twelve months from the date of approval. Its FY2025 accounts were audited by Larking Gowen LLP.

Who funds THE NEW WOLSEY THEATRE COMPANY LIMITED?

Funders whose own accounts filings name THE NEW WOLSEY THEATRE COMPANY LIMITED as a grant recipient include THE THEATRES TRUST CHARITABLE FUND.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
THE THEATRES TRUST CHARITABLE FUNDFY2025£11k

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
UK government13/12/2021£953kNational Portfolio Organisations
The National Lottery Community Fund01/04/2015£8kRaising Aspirations
The National Lottery Community Fund24/11/2006£6kNew Theatre Writers Project
The National Lottery Community Fund23/03/2006£4kYoung Peoples Storytelling

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with ALTERNATIVE THEATRE COMPANY LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE NEW WOLSEY THEATRE COMPANY LIMITED£3.4m——unclear—no doubt
ALTERNATIVE THEATRE COMPANY LIMITED FY2025£2.7mGreater than £60,0001below—no doubt
NORTHERN BROADSIDES THEATRE COMPANY FY2025£530k—0unclear—no doubt
WORCESTER THEATRES CHARITABLE TRUST LTD FY2025£2.6m—0unclear—no doubt
NEWCASTLE UPON TYNE MUSICAL THEATRE COMPANY FY2024£174k—0unclear—no doubt
ARCHWAY THEATRE COMPANY LIMITED FY2025£186k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.