PROGRESS THEATRE
The promotion of the education of the general public in Reading and elsewhere in the performing arts, and the provision and maintenance of a theatre.
Financial health, per its FY2025 accounts
The accounts state that Progress Theatre reported an excess of receipts over payments of £33,068.88 for the year ended 31 August 2025, resulting in net assets of £134,888.84. The trustees' report notes that the charity has established a reserves policy and robust financial monitoring to support informed decision-making on spending and risk. The organization remains committed to maintaining its technical infrastructure and securing future funding for major projects such as the auditorium roof replacement.
What the accounts disclose
“We now have management accounts which are reviewed every quarter and a reserves policy, both of which are vital in our ability to make informed decisions on spending and risk.”
Property (HM Land Registry)
Register events
- Received assets from another charity (09/04/2024)
Trustees
- Terence Cyril Mackaychair
- John Ronald Goodman
- Kate Mary Whiting
- Letticia June Rushaija
- MARK TAYLOR
- Stephen Guy Nicholls
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £136k | £33k |
| 31/08/2024 | £172k | £122k |
| 31/08/2023 | £129k | £114k |
| 31/08/2022 | £102k | £215k |
| 31/08/2021 | £61k | £124k |
Common questions
Is PROGRESS THEATRE financially healthy?
Per its FY2025 accounts: The accounts state that Progress Theatre reported an excess of receipts over payments of £33,068.88 for the year ended 31 August 2025, resulting in net assets of £134,888.84. The trustees' report notes that the charity has established a reserves policy and robust financial monitoring to support informed decision-making on spending and risk. The organization remains committed to maintaining its technical infrastructure and securing future funding for major projects such as the auditorium roof replacement. Its FY2025 accounts were independently examined.