CORNWALL THEATRE COMPANY LIMITED
As the most westerly, all-year round arts venue in the country, The Acorn, Penzance delivers a wide range of quality cultural activities to a broad demographic. It exists to enhance the quality of life for the people, visitors and artists of West Cornwall, though the development and presentation of diverse performing arts to local people at affordable prices.
Objects
TO PROMOTE, MAINTAIN IMPROVE AND ADVANCE EDUCATION, PARTICULARLY BY THE ENCOURAGEMENT OF THE ARTS, INCLUDING THE ARTS OF DRAMA, BALLET, MUSIC, SINGING, LITERATURE, SCULPTURE AND PAINTING.
Financial health, per its FY2025 accounts
The accounts state that the charity closed the year with net assets of approximately £444,000, providing a solid foundation for future development. Despite posting a small loss of around £5,000 due to investment in facilities funded from reserves, the organization maintained strong liquidity with current assets of over £85,000. The trustees remain confident in the charity's long-term viability and financial resilience.
What the accounts disclose
“Our reserves policy aims to maintain a risk reserve of around £40,000, equivalent to approximately three months of core running costs.” — page 5
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- 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)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- PAUL NEVILLE MULLINchair
- Alva Katrina Davey
- John Alexander Findlay
- Oliver David Hunter
- Timothy David Spencer George
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £510k | £520k |
| 31/12/2024 | £397k | £467k |
| 31/12/2023 | £440k | £422k |
| 31/12/2022 | £284k | £299k |
| 31/12/2021 | £117k | £143k |
Common questions
Is CORNWALL THEATRE COMPANY LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity closed the year with net assets of approximately £444,000, providing a solid foundation for future development. Despite posting a small loss of around £5,000 due to investment in facilities funded from reserves, the organization maintained strong liquidity with current assets of over £85,000. The trustees remain confident in the charity's long-term viability and financial resilience. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 16/03/2009 | £7k | Big Blue Club |
| The National Lottery Community Fund | 13/10/2006 | £8k | Matinee Idols |
| The National Lottery Community Fund | 03/06/2004 | £5k | Dance and theatre workshops |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE DUKE OF CORNWALL'S CHARITABLE FOUNDATION | 1 | £70k |
| DUCHY HEALTH CHARITY LIMITED | 1 | £26k |
| THE ARCHITECTURAL HERITAGE FUND | 1 | £16k |
| THE FRANCIS WINHAM FOUNDATION | 1 | £15k |
| FISHMONGERS' COMPANY'S CHARITABLE TRUST | 1 | £10k |
| THE CLARE MILNE TRUST | 1 | £6k |
| THE BEATRICE LAING TRUST | 1 | £5k |
| SKIPTON BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £3k |
Charities like this
- THE MINACK THEATRE TRUST CIO
- YMCA CORNWALL
- THE GARDENERS' HOUSE - PENZANCE
- LITTLE ACORNS PLAYGROUP PEMBROKESHIRE
- PENZANCE AND WEST PENWITH OLD PEOPLES WELFARE TRUST
- CORNWALL COMMUNITY DEVELOPMENT LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CORNWALL THEATRE COMPANY LIMITED | £510k | — | 0 | unclear | — | no doubt |
| THE MINACK THEATRE TRUST CIO | £3.0m | — | 0 | unclear | — | no doubt |
| YMCA CORNWALL | £1.3m | — | 0 | unclear | — | no doubt |
| THE GARDENERS' HOUSE - PENZANCE | £1.6m | — | 0 | unclear | — | no doubt |
| LITTLE ACORNS PLAYGROUP PEMBROKESHIRE | £165k | — | 0 | above | — | no doubt |
| PENZANCE AND WEST PENWITH OLD PEOPLES WELFARE TRUST | £425k | — | 0 | unclear | — | no doubt |