CUMBERNAULD THEATRE TRUST LIMITED

• ⚠

  Material uncertainty over going concern

  While the Board of trustees expect the charity to be able to meet its liabilities in a timely manner for at least 12 months from the financial statement approval date, uncertainty still exists beyond that point. The trust no longer has the certainty of multi-year funding it previously enjoyed and expects to run a deficit in the year to 31st of March 2027, although at a significantly reduced level as a result of careful planning. Due to the inherent nature of the performing arts sector there is always risk involved in estimates of audience size. As a result therefore related forecast revenues, which are the majority of the trust's overall income, cannot be relied on and are insufficient on their own to allow continued operation indefinitely.

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

Standalone (parent only)

Auditor

Morris and Young

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“While the Board of trustees expect the charity to be able to meet its liabilities in a timely manner for at least 12 months from the financial statement approval date, uncertainty still exists beyond that point. The trust no longer has the certainty of multi-year funding it previously enjoyed and expects to run a deficit in the year to 31st of March 2027, although at a significantly reduced level as a result of careful planning. Due to the inherent nature of the performing arts sector there is always risk involved in estimates of audience size. As a result therefore related forecast revenues, which are the majority of the trust's overall income, cannot be relied on and are insufficient on their own to allow continued operation indefinitely.”

Significant events

• “During the year, Cumbernauld Theatre delivered an artistic programme which included professional theatre, music, dance, comedy, spoken word and cinema performances for a diversity of audiences.”
• “Visiting company work delivered strong growth this year, with net revenue up 88 percent and attendances up 40 percent compared to 2023/24.”
• “Awards received in the year included: NLC Winner for Excellence in Customer Service, Best Bar None Gold Award, Heart of the Community Award, Shortlisted for Critics' Awards for Theatre in Scotland (CATS) 2025, Best Production for Children and Young People.”

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

  +30.3%

  £624,252 → £813,233

• Cash

  -44.9%

  £614,735 → £338,425

• Net assets

  -25.9%

  £820,943 → £608,266

• Employees

  0%

  29 → 29

• Wages

  -2.8%

  £463,484 → £450,667

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