MIDLANDS ARTS CENTRE

1. MIDLANDS ARTS CENTRE 1990-12-05 → present
2. CANNON HILL TRUST LIMITED 1962-03-19 → 1990-12-05

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Forvis Mazars LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Board of Trustees are required to consider whether Midlands Arts Centre has sufficient current and forecast cash resources to cover the working capital requirements of the company for at least 12 months from the date of signing this report and financial statements. The Trustees have considered the effect external pressures such as the cost-of-living crisis, salaries and inflation. Having assessed how these factors impact the going concern position, they believe the charity will continue to operate for a period of at least 12 months from the date of signing these accounts.”

Group structure

1. MIDLANDS ARTS CENTRE · parent
   1. Midlands Arts Centre Trading Limited 100% · England and Wales · catering services, event sales, venue hires and retail activities

Significant events

• “Activities were interrupted by the discovery of RAAC (reinforced autoclaved aerated concrete) which led to the temporary closure across three of our spaces.”
• “Reopened the main theatre in May 2024 and complete the necessary capital adaptations to both studios by Easter 2025.”
• “Arts Council England's announcement of a revised extension to its NPO funding, confirmed to the end of March 2028.”
• “People's Postcode Lottery generously increased our annual grant by 12% to £900,000 in recognition of our work with communities, their investment represents a major contribution to our overall income.”
• “Introduced a new payment option for families with some screenings offering pay-as-you-feel on Saturday mornings to keep our cinema affordable for families.”
• “Soft launched MAC's Accessible Bookings online.”
• “Moved to Spektrix payments which enabled our website customers online and at MAC to pay using Apple and Google pay.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -0.1%

  £2,024,482 → £2,022,499

• Cash

  +10.4%

  £2,155,974 → £2,380,765

• Net assets

  -9.5%

  £4,767,799 → £4,316,527

• Employees

  -5%

  199 → 189

• Profit before tax

  -936.2%

  £53,968 → -£451,272

• Wages

  +7.9%

  £2,774,165 → £2,992,331

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers