HARWICH ELECTRIC PALACE TRUST
MAINTENANCE, IMPROVEMENT AND MANAGEMENT OF THE ELECTRIC PALACE CINEMA FOR CINEMA, THEATRICAL AND OTHER SHOWS AND GENERAL USES FOR THE GENERAL PUBLIC
Objects
TO SECURE THE PRESERVATION AND PROTECTION OF THE ELECTRIC PALACE AT HARWICH PROVIDED ALWAYS THAT ALTERATIONS TO THE SAID PREMISES NECESSARY FOR THE ATTAINMENT OF THE NEXT FOLLOWING OBJECT SHALL NOT BE DEEMED TO BE PROHIBITED BY THIS OBJECT. TO EDUCATE THE PUBLIC IN THE ARTS AND SCIENCES AND IN PARTICULAR THE ARTS AND SCIENCES OF FILM, THEATRE AND MUSIC BY PRESENTATION OF PERFORMANCES AT THE RESTORED ELECTRIC PALACE.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £38,395 for the year, with total funds increasing to £90,825. However, the trustees note that current reserves are only just sufficient to cover three months of operating costs and urgent repairs, indicating a tight financial position dependent on future fundraising and surpluses.
What the accounts disclose
“The trustees consider that the current level of funds is just sufficient for this purpose” — page 4
“The trustees consider that the current level of funds is just sufficient for this purpose but additional surpluses and fundraising will be required to support further development of the building and to safeguard the archive assets after the funded Archive project ends in 2027.” — page 4
“In addition, the charity made a grant to the company in the sum of £12,500 (2023: £25,500) to assist with paying its operating costs.” — page 19
“The charity is provided with administration services by its subsidiary company. The amount charged in the year was in the sum of £nil (2023: £nil).” — page 19
“In addition, the charity made a grant to the company in the sum of £12,500 (2023: £25,500) to assist with paying its operating costs.” — page 19
“The charity is provided with administration services by its subsidiary company. The amount charged in the year was in the sum of £nil (2023: £nil).” — page 19
“In addition, the charity made a grant to the company in the sum of £12,500 (2023: £25,500) to assist with paying its operating costs.” — page 19
“The charity is provided with administration services by its subsidiary company. The amount charged in the year was in the sum of £nil (2023: £nil).” — page 19
“During the first 6 months of 2025, 3 trustees, including the Chair and Treasurer, resigned their offices and left the charity.” — page 4
“The charity undertakes the operation of the cinema through its subsidiary company, Electric Palace (Harwich) Limited” — page 4
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Register events
- Received assets from another charity (06/12/2022)
Trustees
- Billie Elizabeth Nugent
- DAVID TREVOR LOOSER
- Loriana Jaconelli
- Philip Hartwell
- Richard Brewster
- Richard Henry Bench
- Roger Cockerton
- Sanja Bahun
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £128k | £89k |
| 31/12/2023 | £62k | £117k |
| 31/12/2022 | £226k | £246k |
| 31/12/2021 | £0 | £0 |
| 31/12/2020 | £0 | £0 |
Common questions
Is HARWICH ELECTRIC PALACE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net income of £38,395 for the year, with total funds increasing to £90,825. However, the trustees note that current reserves are only just sufficient to cover three months of operating costs and urgent repairs, indicating a tight financial position dependent on future fundraising and surpluses. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 09/02/2024 | £250k | "Electric Palace Archive Project" |
| UK government | 01/04/2023 | £6k | Electric Palace Theatre, King's Quay St, Harwich CO12 3ER |
| UK government | 01/04/2021 | £116k | Electric Palace Theatre, King's Quay St, Harwich CO12 3ER |
| UK government | 01/04/2021 | £7k | Electric Palace Theatre, King's Quay St, Harwich CO12 3ER |
| The National Lottery Heritage Fund | 03/08/2020 | £11k | "COVID19: Harwich Electric Palace Trust" |
| UK government | 01/04/2020 | £3k | ALB-Historic England-The Harwich Electric Palace Trust (Covid-19 Emergency Response) |
| UK government | 01/04/2020 | £12k | ALB-HISTORIC ENGLAND - Harwich Electric Palace Theatre, King's Quay St, Harwich CO12 3ER |
| UK government | 20/02/2019 | £300k | Electric Palace Cinema, Kings Quay Street, Harwich, CO12 3ER |
| The National Lottery Heritage Fund | 22/09/2016 | £1.1m | "Restoring and improving the Electric Palace Cinema Harwich" |
| The National Lottery Community Fund | 19/01/2009 | £10k | Electric Waves |
| The National Lottery Heritage Fund | 26/09/2007 | £50k | "Essential repairs including installation of supplementary weight-bearing main metal beams" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE THEATRES TRUST CHARITABLE FUND | 2 | £30k |
| ATKIN CHARITABLE FOUNDATION | 1 | £40k |
| The Portal Trust | 1 | £16k |
| THE HAROLD HYAM WINGATE FOUNDATION | 1 | £10k |
| THE LESLIE SMITH FOUNDATION | 1 | £7k |
| The Ethos Foundation | 1 | £5k |
| THE VALIANT CHARITABLE TRUST | 1 | £5k |
| THE AUSTIN AND HOPE PILKINGTON TRUST | 1 | £5k |
Charities like this
- BLACKPOOL GRAND THEATRE TRUST LIMITED
- MERLIN THEATRE TRUST LIMITED
- THE MARKET HALL CINEMA AND ARTS TRUST
- SADLER'S WELLS FOUNDATION LTD
- HACKNEY EMPIRE LIMITED
- THE CECIL HEPWORTH PLAYHOUSE - THEATRE FOR THE COMMUNITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| HARWICH ELECTRIC PALACE TRUST | £128k | — | 0 | below | — | noted |
| BLACKPOOL GRAND THEATRE TRUST LIMITED | £227k | — | 0 | below | — | no doubt |
| MERLIN THEATRE TRUST LIMITED | £270k | — | 0 | above | 9.6% | no doubt |
| THE MARKET HALL CINEMA AND ARTS TRUST | £257k | — | 0 | unclear | — | noted |
| SADLER'S WELLS FOUNDATION LTD | £1.6m | — | 0 | unclear | — | no doubt |
| HACKNEY EMPIRE LIMITED | £3.4m | — | — | above | — | no doubt |