THE LACE MARKET THEATRE TRUST LIMITED
to promote education particularly by the provision of facilities for the production of educational plays and the encouragement of the arts and to preserve the building of historical and architectural interest known as the Lace Market Theatre
Objects
(I) 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, BALLET, MUSIC, SINGING, LITERATURE, SCULPTURE AND PAINTING; AND (II) TO PRESERVE FOR THE BENEFIT OF THE PUBLIC THE BUILDING OF HISTORIC AND ARCHITECTURAL INTEREST SITUATE IN HALIFAX PLACE IN THE CITY OF NOTTINGHAM KNOWN AS "THE LACE MARKET THEATRE".
Financial health, per its FY2025 accounts
The accounts state that the charity achieved a net surplus of £57,945 for the year ended 31 July 2025, with total income of £213,183 and unrestricted free reserves of £525,234. The trustees confirm the charity is financially self-sufficient and prepared on a going concern basis, noting that resources are adequate to continue operations.
What the accounts disclose
“Income from charitable activities: Operation of theatre 5 162,419 - 162,419 168,846”
“During the year the charity was supplied by Design Innovation Limited a company wholly owned by a trustee, Nicholas Gale and his wife Penelope Susan Gale. A description of the equipment supplied and the cost to the charity is as follows:- Improve networking and provide VOIP telephones Call out to repair Bar Lighting Control Systems Expand KNX System on First Floor Supply Connectors for the Control System Supply 24" Touchscreen LED Monitor” — page 28
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- 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
Corporate structure
- Registered company of the charity Companies House 01323050 · Financial health read from its filings
Company officers (Companies House)
- DRIVER, Nicole on trustee list
- PYKE, Jane Elizabeth on trustee list
- HALEY, Charles Bernard on trustee list
- COLEMAN, Christopher on trustee list
- RAYNER, Emma Louise on trustee list
- MARRIOTT, Jacqueline on trustee list
- VIRK, Gurmej on trustee list
- MORRIS, Gareth Mark on trustee list
- HOGARTH, Philip on trustee list
- GALE, Nicholas not on trustee list
- CROSTON, Nevil Edmund not on trustee list
Property (HM Land Registry)
Trustees
- Gareth Mark Morrischair
- Charles Bernard Haley
- Christopher Coleman
- Emma Louise Rayner
- Gurmej Virk
- Jacqueline Nicola Marriott
- Jane Pyke
- MR NICH GALE
- Nevil Croston LLB
- Nicole Driver
- PHILIP HOGARTH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £213k | £155k |
| 31/07/2024 | £203k | £160k |
| 31/07/2023 | £175k | £142k |
| 31/07/2022 | £131k | £125k |
| 31/07/2021 | £73k | £69k |
Common questions
Is THE LACE MARKET THEATRE TRUST LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity achieved a net surplus of £57,945 for the year ended 31 July 2025, with total income of £213,183 and unrestricted free reserves of £525,234. The trustees confirm the charity is financially self-sufficient and prepared on a going concern basis, noting that resources are adequate to continue operations. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 22/09/2016 | £10k | "Exploring the Heritage of the Lace Market Theatre" |