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CARNEGIE THEATRE TRUST (WORKINGTON)

Registered charity 1160963 · accounts filings on the Charity Commission register

Theatre & Arts Centre

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

Latest income
£607k
Latest spending
£659k
Registered
2015
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a deficit of £51,579 for the year ended 31 March 2025, resulting in no free unrestricted reserves. The trustees acknowledge significant financial pressure and uncertainties regarding the group's ability to continue as a going concern, citing low unrestricted funds and a trading subsidiary with negative reserves.

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

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“Therefore the CIO has no free reserves.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“There are uncertainties around the group's ability to continue as a going concern as the CIO only had unrestricted funds of £10,338 at the year end and the subsidiary had negative reserves of £19,500.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Audit opinion: qualified
“Therefore I am unable to express an opinion on the financial statements.” — page 10
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Carnegie Workington Limited
“Carnegie Workington Limited (CWL) is a wholly owned trading subsidiary of the Trust, which principally operates the on-site cafe.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Qualified Independent examiner's report
“The trustees are disappointed with the qualified Independent examiner's report for 2024/25 and recognise there is much work to do to improve financial processes and procedures.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Carnegie Workington Limited
“Carnegie Workington Limited (CWL) is a wholly owned trading subsidiary of the Trust, which principally operates the on-site cafe.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Corporate structure

CARNEGIE WORKINGTON LTD — per its own Companies House accounts

    Property (HM Land Registry)

    2 registered titlesin 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
    £607k
    Total spending
    £659k
    Reserves (reported)
    £50k
    Employees
    14

    Reported reserves equal ~0.9 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

    Trustees · trustee networks

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

    Operates in: Cumbria

    Income and spending

    Financial year endIncomeSpending
    31/03/2025£607k£659k
    31/03/2024£580k£671k
    31/03/2023£602k£593k
    31/03/2022£415k£396k
    31/03/2021£339k£304k

    Common questions

    Is CARNEGIE THEATRE TRUST (WORKINGTON) financially healthy?

    Per its FY2025 accounts: The accounts state that the charity reported a deficit of £51,579 for the year ended 31 March 2025, resulting in no free unrestricted reserves. The trustees acknowledge significant financial pressure and uncertainties regarding the group's ability to continue as a going concern, citing low unrestricted funds and a trading subsidiary with negative reserves. Its FY2025 accounts were independently examined.