ORBIT THEATRE LIMITED
To promote, maintain, improve and advance education, particularly by the production of educational plays and the encouragement of the Arts, including the arts of drama, mime, dance, singing and music.To formulate, prepare and establish schemes therefore provided that all objects of the Company shall be of a charitable nature.
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted revenue funds of negative £19,433, indicating a deficit position compared to the prior year's negative £32,453. The trustees note that while financial performance improved due to the lifting of pandemic restrictions, the charity remains dependent on uncertain funding streams and has not yet achieved its required reserve levels.
What the accounts disclose
“although the reserve levels required have not been acheived the trustees believe that this will be resolved within the near future” — page 6
“The charitable activities are entirely dependent on donations, grants as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams” — page 15
Trustees
- CHRISTOPHER HUGHES
- NATALIE VIVIEN ROLLEY
- ROBERT JAMES EDWARD THORNE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £29k | £21k |
| 31/12/2023 | £53k | £57k |
| 31/12/2022 | £80k | £67k |
| 31/12/2021 | £30k | £29k |
| 31/12/2020 | £22k | £19k |
Common questions
Is ORBIT THEATRE LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted revenue funds of negative £19,433, indicating a deficit position compared to the prior year's negative £32,453. The trustees note that while financial performance improved due to the lifting of pandemic restrictions, the charity remains dependent on uncertain funding streams and has not yet achieved its required reserve levels. Its FY2024 accounts were independently examined.