MARINA THEATRE TRUST
To advance the arts by the development of the Marina Theatre in Lowestoft by providing a wide range of arts and live performance activities befitting Lowestoft audiences and the surrounding area. To promote the presentation of and engagement in the arts for public benefit in the Theatre and in the Lowestoft area.
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
Leadership, per the charity’s website
- Sam Vallerius — General Manager
Funders the charity credits
- Lowestoft Town Council
- Arts Council England
- Great Place Scheme
- Heritage Lottery Fund
- Historic England
- Theatres Trust
Property (HM Land Registry)
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?
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. Its FY2025 accounts were audited by Lovewell Blake LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE THEATRES TRUST CHARITABLE FUND | 3 | £57k |
| THE RANDAL CHARITABLE FOUNDATION | 1 | £300k |
| BARNWOOD TRUST | 1 | £150k |
| SCARBOROUGH THEATRE DEVELOPMENT TRUST | 1 | £54k |
| THE HEADLEY TRUST | 1 | £33k |
| THE JOHN APTHORP CHARITY | 1 | £7k |
| THE AUSTIN AND HOPE PILKINGTON TRUST | 1 | £5k |
| THE GORDON GRAY TRUST | 1 | £4k |
Charities like this
- THE MAYFLOWER THEATRE TRUST
- SCARBOROUGH THEATRE TRUST LIMITED
- THE NEW THEATRE ROYAL-TRUSTEES (PORTSMOUTH) LIMITED
- LEICESTER THEATRE TRUST LIMITED
- THE BARN THEATRE TRUST LIMITED
- THEATRE@41 LTD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MARINA THEATRE TRUST | £2.2m | — | 0 | above | — | no doubt |
| THE MAYFLOWER THEATRE TRUST | £28.8m | £190,001 - £200,000 | — | above | — | no doubt |
| SCARBOROUGH THEATRE TRUST LIMITED | £3.1m | — | — | below | — | noted |
| THE NEW THEATRE ROYAL-TRUSTEES (PORTSMOUTH) LIMITED | £1.4m | — | 0 | unclear | — | no doubt |
| LEICESTER THEATRE TRUST LIMITED | £18.5m | — | — | unclear | — | no doubt |
| THE BARN THEATRE TRUST LIMITED | £243k | — | 0 | unclear | — | no doubt |