MARINA THEATRE TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £70,257 for the year ended 31 March 2025, with free reserves increasing to £250,134. Per the trustees' report, the charity considers it has sufficient reserves to manage the impact of a short theatre closure required for redevelopment works. The trustees confirmed that no material uncertainties exist regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Trustees agree that this is the level of reserves the Trust is aiming for. For the Marina Theatre Trust this is £120,000 - £240,000.”
“During the period the Trust received £150,000 (2024: £150,000) from Lowestoft Town Council in accordance with the management agreement.” — page 26
“The property occupied by the Trust is owned by Lowestoft Town Council and during the year rent was paid to the Council of £20,000 (2024: £20,000).” — page 26
“During the period the Trust received £150,000 (2024: £150,000) from Lowestoft Town Council in accordance with the management agreement.” — page 26
“The property occupied by the Trust is owned by Lowestoft Town Council and during the year rent was paid to the Council of £20,000 (2024: £20,000).” — page 26
“During the period the Trust received £150,000 (2024: £150,000) from Lowestoft Town Council in accordance with the management agreement.” — page 26
“The property occupied by the Trust is owned by Lowestoft Town Council and during the year rent was paid to the Council of £20,000 (2024: £20,000).” — page 26
“During the period the Trust received £150,000 (2024: £150,000) from Lowestoft Town Council in accordance with the management agreement.” — page 26
“The property occupied by the Trust is owned by Lowestoft Town Council and during the year rent was paid to the Council of £20,000 (2024: £20,000).” — page 26
“During the period the Trust received £150,000 (2024: £150,000) from Lowestoft Town Council in accordance with the management agreement.” — page 26
“The property occupied by the Trust is owned by Lowestoft Town Council and during the year rent was paid to the Council of £20,000 (2024: £20,000).” — page 26
“On 26 January 2017 the Trust incorporated its wholly owned trading company, Marina Theatre Trading Limited, which carries out the operation of the café and bar within the theatre.” — page 8
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- DAVID BLYTH
- HAZEL CLOVER
- MIKE PINNER
- NORMAN CULLINGFORD
- Robin Rudd Townley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.2m | £2.1m |
| 31/03/2024 | £1.8m | £1.9m |
| 31/03/2023 | £1.6m | £1.7m |
| 31/03/2022 | £1.3m | £1.2m |
| 31/03/2021 | £725k | £556k |
Common questions
Is MARINA THEATRE TRUST financially healthy?
The accounts state that the charity reported a surplus of £70,257 for the year ended 31 March 2025, with free reserves increasing to £250,134. Per the trustees' report, the charity considers it has sufficient reserves to manage the impact of a short theatre closure required for redevelopment works. The trustees confirmed that no material uncertainties exist regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Lovewell Blake LLP.