CARNEGIE THEATRE TRUST (WORKINGTON)

Registered charity 1160963 · accounts filings on the Charity Commission register

Theatre & Arts Centre

Objects

TO PROMOTE AND ADVANCE THE ARTS AND IN PARTICULAR THE PERFORMING ARTS FOR THE BENEFIT OF THE PUBLIC.TO PROMOTE AND ADVANCE EDUCATION THROUGH THE DEVELOPMENT AND DELIVERY OF CREATIVE LEARNING PROGRAMMES FOR THE BENEFIT OF THE PUBLIC.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

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.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Corporate structure

CARNEGIE WORKINGTON LTD — per its own Companies House accounts

    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
    £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).

    Per its annual return, largest income source: Charitable activities (58% 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: 0.0% of total income — below the median for charities its size (4.9%) (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.

    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 TRINITY THEATRE AND ARTS CENTRE LIMITED.

    Side by side with its peers

    CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
    CARNEGIE THEATRE TRUST (WORKINGTON)£607k—0below—noted
    TRINITY THEATRE AND ARTS CENTRE LIMITED FY2025£1.2mUnder £60,0000unclear—material uncertainty
    NEWCASTLE THEATRE ROYAL TRUST LIMITED FY2025£16.3m——unclear—no doubt
    CUMBRIA THEATRE TRUST FY2025£4.0m—0unclear—no doubt
    BRISTOL OLD VIC AND THEATRE ROYAL TRUST LIMITED FY2025£7.6m£80,001 - £90,000—above—no doubt
    LEEDS THEATRE TRUST LIMITED FY2025£9.7m——unclear—no doubt

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