CORNWALL THEATRE COMPANY LIMITED

Registered charity 283545 · accounts filings on the Charity Commission register · also known as ACORN ARTS CENTRE, THE ACORN THEATRE

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.

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Education/training · Arts/culture/heritage/science · website · Get email alerts

Latest income
£510k
Latest spending
£520k
Registered
1982
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: around £40,000 (held: £444k)
“Our reserves policy aims to maintain a risk reserve of around £40,000, equivalent to approximately three months of core running costs.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2025)

Total income
£461k
Total spending
£520k
Cost of raising funds
£9k
Reserves (reported)
£55k
Employees
2

Reported reserves equal ~1.3 months of spending — in the bottom quarter for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Charitable activities (99% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 2.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cornwall

Income and spending

Financial year endIncomeSpending
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

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund16/03/2009£7kBig Blue Club
The National Lottery Community Fund13/10/2006£8kMatinee Idols
The National Lottery Community Fund03/06/2004£5kDance and theatre workshops

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE MINACK THEATRE TRUST CIO.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
CORNWALL THEATRE COMPANY LIMITED£510k—0unclear—no doubt
THE MINACK THEATRE TRUST CIO FY2024£3.0m—0unclear—no doubt
YMCA CORNWALL FY2025£1.3m—0unclear—no doubt
THE GARDENERS' HOUSE - PENZANCE FY2025£1.6m—0unclear—no doubt
LITTLE ACORNS PLAYGROUP PEMBROKESHIRE FY2025£165k—0above—no doubt
PENZANCE AND WEST PENWITH OLD PEOPLES WELFARE TRUST FY2025£425k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.