MEMORIAL HALL AND THEATRE
The Memo works with the widest group of partners to deliver support and strengthen our connection to our audiences and users of all ages and backgrounds within the context of the local social economic environment. The Memo is the largest arts centre in the Vale of Glamorgan and the only cinema in Barry.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £72,271 for the year ended 31 March 2025, resulting in a decrease in total funds. The trustees report that the charity's financial position is stable, with unrestricted reserves of £3,053,010, although free reserves excluding the building value show a deficit of £75,592. The auditors confirmed that the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“MAC has adopted a reserves policy to identify, plan and maintain five months trading expenditure, and reserves to support the maintenance of essential services, and costs reflected in the risks of unplanned closure, spending commitments and potential liabilities.” — page 8
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (21/02/2017)
Trustees
- Gemma Brown
- KAREN GHAZI-TORBATI
- Richard Thomas
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £668k | £740k |
| 31/03/2024 | £504k | £666k |
| 31/03/2023 | £562k | £614k |
| 31/03/2022 | £463k | £442k |
| 31/03/2021 | £359k | £364k |
Common questions
Is MEMORIAL HALL AND THEATRE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £72,271 for the year ended 31 March 2025, resulting in a decrease in total funds. The trustees report that the charity's financial position is stable, with unrestricted reserves of £3,053,010, although free reserves excluding the building value show a deficit of £75,592. The auditors confirmed that the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were audited by Xeinadin Audit Limited.