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home >> charity search >> the palace theatre watford limited
Finance Score: -9
Governance Score: 6
Support Score: 4
  • Accounts overdue -5
  • Accounts filed more than 5 days late: -2 times
  • Multiple Deficits and declines: -5
  • Fundraising costs low: +3
  • Good trustee age range: +3
  • Gender balanced board: +3
  • Grant maker support: +4
Overall GiG Score: 1 ?

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:

  • Latest accounts are overdue for filing and returns have been filed late on 2 occasions over the last 5 years
  • Income has been volatile and on several occasions in recent years less than spending
miles

Financial Data ?

Income & Spending ?
Sources of Income ?
Y/E Income
£k		 Spending
£k		 Surplus/
Deficit		 Fundraising
Cost £k		 Total
Funds £k		 Unrestricted
Funds £k		 Mths
Rsrvs		 Staff Volun-
teers
31/03/22*£1,936£2,398£-463£1£5,637£7573.8508
31/03/21*£2,059£1,515£544£2£6,100£7996.36210
31/03/20*£2,264£2,436£-172£4£5,556£5572.75694
31/03/19£2,588£2,923£-335£15£5,728£6282.667120
31/03/18£2,871£3,043£-171£17£6,063£7012.871118
31/03/17£2,414£2,551£-137£30£6,234£6042.8700
31/03/16£2,422£2,677£-255£20£6,371£5162.3330
31/03/15£3,048£3,031£17£75£6,626£5302.1260
31/03/14£2,618£2,753£-135£45£6,609£5782.5190
31/03/13£2,474£2,680£-205£35£6,744£5502.5210
31/03/12*£2,670£2,923£-253£27£6,949£5942.4160
31/03/11£2,252£2,473£-222£27£7,246£6723.3160
31/03/10£2,636£2,182£454£36£7,467£6543.6250
31/03/09£2,588£2,698£-110£45£7,013£8053.6220
31/03/08£2,416£2,789£-372£67£7,123£6752.9350
31/03/07*£2,201£2,372£-171£59£7,495£8994.5400
31/03/06*£2,291£2,345£-54£0£0£0n/a00
31/03/05*£2,480£1,695£785£0£0£0n/a00
31/03/04*£4,596£703£3,894£0£0£0n/a00
Show more rows -->

Download accounts
Financial Ratios
Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Senior Staff Costs/Total Spending: 4%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 6%
Liabilities/Income: 17%
Unrestricted Funds/Total Funds: 13%
Reserves/Spending: 3.8 months
Net Current Assets/Spending: 5 months
Quick Ratio: 3.5
Asset Split ?
Established: 28 years

www.watfordpalacetheatre.co.uk

enquiries@watfordpalacetheatre.co.uk

01923235455

Charity Commission for England and WalesCompanies HouseFacebookInstagramX
UN SDGs
?
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 works here?
  • 50 employees
  • 8 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant 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
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
Show more rows

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: 28-79
  • CAROL LINGWOOD Appointed: 2016, Occupation: Head Of Costume, Royal National Theatre
  • JOHN HUNT Appointed: 2014, Occupation: Retired
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
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Filing Record
19 returns made; AR22: 3 days late, AR21: 46 days late, AR20: 80 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

Charity Commission for England and Wales
360 Giving
CharityBase
Authorised officials of this charity can add information to this page (including a Donate Now button) for no cost

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