Finance Score: -2

Governance Score: 6

Support Score: 4

Accounts filed more than 5 days late: -3 times
Multiple Deficits: -2
Fundraising costs low: +3

Good trustee age range: +3
Gender balanced board: +3

Overall weighted support: +4

Overall GiG Score: 8

THE PALACE THEATRE WATFORD LIMITED

The Charitable Objects of The Palace Theatre Watford are to promote, maintain, improve and advance education by the encouragement of the Arts, including the Arts of Drama, Mime, Dancing, Singing and Music, Design and Dramatic Writing

Analysis by Giving is Great

Positives:

Fundraising costs are unusually low relative to funds raised
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender

Financial issues to consider:

Accounts have been filed late on 3 occasions over the last 5 years and the current period appears to have been extended
On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	*	£2,529	£2,824	£-295	£3	£5,342	£880	3.7	50	15
31/03/22	*	£1,936	£2,398	£-463	£1	£5,637	£757	3.8	50	8
31/03/21	*	£2,059	£1,515	£544	£2	£6,100	£799	6.3	62	10
31/03/20	*	£2,264	£2,436	£-172	£4	£5,556	£557	2.7	56	94
31/03/19		£2,588	£2,923	£-335	£15	£5,728	£628	2.6	67	120
31/03/18	*	£2,871	£3,043	£-171	£17	£6,063	£701	2.8	71	0
31/03/17		£2,414	£2,551	£-137	£30	£6,234	£604	2.8	70	0
31/03/16		£2,422	£2,677	£-255	£20	£6,371	£516	2.3	33	0
31/03/15		£3,048	£3,031	£17	£75	£6,626	£530	2.1	26	0
31/03/14		£2,618	£2,753	£-135	£45	£6,609	£578	2.5	19	0
31/03/13		£2,474	£2,680	£-205	£35	£6,744	£550	2.5	21	0
31/03/12	*	£2,670	£2,923	£-253	£27	£6,949	£594	2.4	16	0
31/03/11		£2,252	£2,473	£-222	£27	£7,246	£672	3.3	16	0
31/03/10		£2,636	£2,182	£454	£36	£7,467	£654	3.6	25	0
31/03/09		£2,588	£2,698	£-110	£45	£7,013	£805	3.6	22	0
31/03/08		£2,416	£2,789	£-372	£67	£7,123	£675	2.9	35	0
31/03/07	*	£2,201	£2,372	£-171	£59	£7,495	£899	4.5	40	0
31/03/06	*	£2,291	£2,345	£-54	n/a	n/a	n/a	n/a	n/a	n/a
31/03/05	*	£2,480	£1,695	£785	n/a	n/a	n/a	n/a	n/a	n/a
31/03/04	*	£4,596	£703	£3,894	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0.1%
Fundraising Costs/Total Spending: 0.1%
Senior Staff Costs/Total Spending: 3%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 6%
Liabilities/Income: 14%
Unrestricted Funds/Total Funds: 16%
Reserves/Spending: 3.7 months
Net Current Assets/Spending: 4 months
Quick Ratio: 2.4

Asset Split ?

Balance Sheet History

Established: 28 years

www.watfordpalacetheatre.co.uk

enquiries@watfordpalacetheatre.co.uk

01923235455

Charity Commission for England and Wales

Tweets

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Provides buildings/facilities/open space
Provides services

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Garfield Weston Foundation - WCF award - COVID19 response
£315,000	05/03/2021	Weston Culture Fund
DCMS - National portfolio organisation 2018 - 2022
£805,118	01/04/2020	The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given ....more The wider aim of the scheme is: We are the national development agency for creativity and culture. By 2030 we want England to be a country in which the creativity of each of us is valued and given the chance to flourish and where everyone of us has access to a remarkable range of high quality cultural experiences. Between 2018 and 2022, we will invest £1.45 billion of public money from government and an estimated £860 million from the National Lottery to help deliver this vision.
DCMS - Watford Palace Theatre - Culture Recovery 2020-21
£248,481	01/04/2020	To support Arts and Culture throughout England
DCMS - National portfolio organisation 2018 - 2022
£790,571	01/04/2019	£1.6bn invested in the key arts and culture infrastrucure organisations in England for a 4 year period
DCMS - National portfolio organisation 2018 - 2022
£790,571	01/04/2018	National portfolio organisation 2018 - 2022
DCMS - National portfolio organisation 2018 - 2022
£197,643	01/04/2018	To support National portfolio organisation 2018 - 2022
National Lottery Heritage Fund - Grant to Watford Palace Theatre
£10,000	09/05/2017	Elton John's Glasses - participation project

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (11)

Current Trustees appointed

Gender Split

Based on 10/11 persons

Age Range of Trustees: 29-80

AGNIESZKA KATARZYNA DYCHTON Appointed: 2022, Occupation: Borough Councillor

ANNE FENTON Appointed: 2016, Occupation: Executive Search Consultant

BINITA MEHTA-PARMAR Appointed: 2017, Occupation: Corporate Communications Consultant

BRETT SPENCER Appointed: 2015, Occupation: Broadcast

CAROL LINGWOOD Appointed: 2016, Occupation: Head Of Costume, Royal National Theatre

JAYNE TROTMAN Appointed: 2017, Occupation: Company Director

JOHN HUNT Appointed: 2014, Occupation: Retired

KENNY REBECCA DADA Appointed: 2018, Occupation: Account Executive

MARK LAWRENCE Appointed: 2017, Occupation: Executive Director

PATRICK STODDART Appointed: 2013, Occupation: Lecturer

TIMOTHY JAMES WILLIAMS Appointed: 2018, Occupation: Credit Manager

Legal constitution

Charitable company registered in England & Wales on 19/07/1996, number: 1056950
Registered at Companies House on 01/07/1996, number: 03218719

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity 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
Investing charity funds policy and procedures
Investment
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

Filing Record

20 returns made; AR23: 168 days late, AR22: 3 days late, AR21: 46 days late, AR20: 80 days late, AR18: 1 days late, AR12: 2 days late, AR07: 122 days late, AR06: 296 days late, AR05: 2 days late, AR04: 39 days late,

Main office

WATFORD PALACE THEATRE LTD
20 CLARENDON ROAD
WATFORD
WD17 1JZ

Objectives

TO PROMOTE, MAINTAIN, IMPROVE AND ADVANCE EDUCATION BY THE ENCOURAGEMENT OF THE ARTS, INCLUDING THE ARTS OF DRAMA, MIME, DANCE, SINGING AND MUSIC, AND TO FORMULATE, PREPARE AND ESTABLISH SCHEMES THEREFOR PROVIDED THAT ALL OBJECTS OF THE COMPANY SHALL BE OF A CHARITABLE NATURE (FOR FURTHER DETAILS, SEE ARTICLE 3 OF THE MEMORANDUM)

Defined Area of Benefit:

NOT DEFINED - IN PRACTICE MAINLY WATFORD HERTFORDSHIRE

Data Sources

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