SPA PAVILION THEATRE FOUNDATION
Theatre & Performing Arts
Latest income
£903k
Latest spending
£903k
Registered
2020
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves are held at £0, with a stated policy target of 10% of turnover. The financial position shows net current assets of zero, and the trustees note that the economy is challenging, requiring the landlord to absorb some losses to ensure a break-even position.
What the accounts disclose
Largest income source: none
“The profit and loss account has not been delivered to the Registrar of Companies.”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: 10% of turnover
“Unrestricted Reserves are targeted at 10% of turnover.”
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£903k
Total spending
£903k
Reserves (reported)
£0
Employees
12
Trustees
- GARY WRIGHTchair
- Sophie Kennelly
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £903k | £903k |
| 31/12/2023 | £864k | £864k |
| 31/12/2022 | £764k | £764k |
| 31/12/2021 | £0 | £0 |
Common questions
Is SPA PAVILION THEATRE FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves are held at £0, with a stated policy target of 10% of turnover. The financial position shows net current assets of zero, and the trustees note that the economy is challenging, requiring the landlord to absorb some losses to ensure a break-even position. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 28/10/2021 | £320k | Culture Recovery Fund: Continuity Support |