Leeds Heritage Theatres

Registered charity 500408 · accounts filings on the Charity Commission register · also known as LEEDS GRAND THEATRE, LEEDS GRAND THEATRE AND OPERA HOUSE LIMITED

Maintain and develop the Leeds Grand Theatre, City Varieties Music Hall and Hyde Park Picture House. Offer drama, opera, ballet, musicals, comedy, variety, pantomime and arthouse / mainstream films. Increase engagement with performing arts and with heritage of these listed buildings through innovative learning and interpretation programmes.

Causes: General Charitable Purposes · Education/training · Arts/culture/heritage/science · Environment/conservation/heritage · website · Get email alerts

Latest income
£14.9m
Latest spending
£14.8m
Registered
1970
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a surplus of £81k for the year ended 31 March 2025, a decrease from the previous year's £381k surplus, driven by high inflation and lower-than-anticipated ticket demand. Per the trustees' report, unrestricted funds are negative at £-4,425k, a position attributed to high levels of deferred income from advance ticket sales rather than operational losses.

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

What the accounts disclose

Related-party transaction: Leeds City Council provides funding and leases the LGT estate at peppercorn rent.
“Leeds City Council provides funding in support of the artistic and educational programme. In addition, the City Council owns the LGT estate, which it leases to the Company with a full repairing obligation for a peppercorn rent.” — page 16
“Leeds City Council processes the majority of the company’s payroll, creditor payments and income through its own systems. The Company reimburses the council on a weekly basis; the outstanding indebtedness balance with Leeds City Council as at 31 March 2025 was £762,211 owing from LCC” — page 30
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Leeds City Council processes payroll and creditor payments; outstanding balance owed to LCC.
“Leeds City Council provides funding in support of the artistic and educational programme. In addition, the City Council owns the LGT estate, which it leases to the Company with a full repairing obligation for a peppercorn rent.” — page 16
“Leeds City Council processes the majority of the company’s payroll, creditor payments and income through its own systems. The Company reimburses the council on a weekly basis; the outstanding indebtedness balance with Leeds City Council as at 31 March 2025 was £762,211 owing from LCC” — page 30
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Grant from Keith Howard Foundation.
“Leeds City Council provides funding in support of the artistic and educational programme. In addition, the City Council owns the LGT estate, which it leases to the Company with a full repairing obligation for a peppercorn rent.” — page 16
“Leeds City Council processes the majority of the company’s payroll, creditor payments and income through its own systems. The Company reimburses the council on a weekly basis; the outstanding indebtedness balance with Leeds City Council as at 31 March 2025 was £762,211 owing from LCC” — page 30
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services Ltd. Discloses 3 of 6 completeness components.

In the news

Recent coverage mentioning this charity by name (automated match; headlines belong to their publishers).

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2025)

Total income
£14.9m
Total spending
£14.8m
Reserves (reported)
£0
Employees
201

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).

Per its annual return, largest income source: Charitable activities (91% 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: 0.0% of total income — below the median for charities its size (3.8%) (benchmarks).

Trustees · trustee networks

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

Operates in: Leeds City

Income and spending

Financial year endIncomeSpending
31/03/2025£14.9m£14.8m
31/03/2024£15.1m£14.7m
31/03/2023£17.2m£16.5m
31/03/2022£11.1m£10.3m
31/03/2021£3.6m£4.6m

Common questions

Is Leeds Heritage Theatres financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a surplus of £81k for the year ended 31 March 2025, a decrease from the previous year's £381k surplus, driven by high inflation and lower-than-anticipated ticket demand. Per the trustees' report, unrestricted funds are negative at £-4,425k, a position attributed to high levels of deferred income from advance ticket sales rather than operational losses. Its FY2025 accounts were audited by Azets Audit Services Ltd.

Who funds Leeds Heritage Theatres?

Funders whose own accounts filings name Leeds Heritage Theatres as a grant recipient include KEN DODD CHARITABLE FOUNDATION, The Keith Howard Foundation, THE THEATRES TRUST CHARITABLE FUND.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmountPurpose (as stated by the funder)
KEN DODD CHARITABLE FOUNDATIONFY2025£125k
The Keith Howard FoundationFY2025£55kArts
THE THEATRES TRUST CHARITABLE FUNDFY2023£20kTheatre Improvement Scheme

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund24/08/2020£120k"COVID19: Leeds Grand Theatre and Opera House Ltd."
The National Lottery Heritage Fund26/07/2016£2.9m"Hyde Park Picture House - Renewing our historic cinema for all (KickstartGIA2020)"

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 LEEDS THEATRE TRUST LIMITED.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
Leeds Heritage Theatres£14.9m——unclear—no doubt
LEEDS THEATRE TRUST LIMITED FY2025£9.7m——unclear—no doubt
LEEDS CULTURE TRUST FY2024£10.3m£70,001 - £80,000—unclear—not going concern
LEICESTER THEATRE TRUST LIMITED FY2025£18.5m——unclear—no doubt
SHEFFIELD THEATRES TRUST FY2025£12.8m——unclear—no doubt
THE CITY OF SHEFFIELD THEATRE TRUST FY2025£6.0m—0unclear—no doubt

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