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
Latest income
£128k
Latest spending
£89k
Registered
2017
Accounts read
FY2024
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
Reserves position: below the charity's own stated reserves policy (held: £54k; policy: three months of unrestricted expenditure plus urgent repairs)
“The trustees consider that the current level of funds is just sufficient for this purpose” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grant to subsidiary
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Administration services by subsidiary
“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
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Waived licence fee from subsidiary
“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
Per its FY2024 accounts as filed with the Charity Commission.
Governance: Trustee resignations
“During the first 6 months of 2025, 3 trustees, including the Chair and Treasurer, resigned their offices and left the charity.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Electric Palace (Harwich) Limited
“The charity undertakes the operation of the cinema through its subsidiary company, Electric Palace (Harwich) Limited” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
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" |