Finance Score: -2

Governance Score: 5

Support Score: 6

Multiple Deficits and declines: -5
Fundraising costs low: +3

Good trustee age range: +3
Dynamic board: +3
Mainly female board: -1

Grant maker support: +6

Overall GiG Score: 9

THE NEW WOLSEY THEATRE COMPANY LIMITED

With a stated mission of presenting high quality, diverse and accessible work, the New Wolsey Theatre Ipswich has emerged as a national leader recognised for the diversity of its audiences; for engaging with a broad cross-section of theatre-going and non-theatre-going communities; for nurturing and developing black and minority ethnic artists; and for its style of actor/musician productions.

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 dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board is predominantly female

Financial issues to consider:

Income has been volatile and on several occasions in recent years less than spending

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
31/03/23		£3,550	£3,761	£-212	£31	£2,496	£2,435	7.8	45	102
31/03/22		£2,928	£3,711	£-783	£22	£2,708	£2,313	7.5	37	77
31/03/21		£3,023	£1,796	£1,227	£12	£3,491	£2,486	16.6	32	0
31/03/20		£4,496	£4,367	£129	£32	£2,264	£1,244	3.4	49	123
31/03/19		£4,544	£4,110	£433	£38	£2,134	£1,235	3.6	59	121
31/03/18		£4,440	£4,919	£-479	£23	£1,701	£1,367	3.3	64	0
31/03/17	*	£4,814	£4,344	£470	£24	£2,180	£1,402	3.9	55	0
31/03/16		£4,139	£3,839	£300	£23	£1,710	£1,204	3.8	50	0
31/03/15		£3,076	£2,861	£215	£51	£1,410	£1,165	4.9	45	0
31/03/14		£3,289	£3,594	£-304	£83	£1,195	£1,055	3.5	50	0
31/03/13		£3,455	£2,983	£472	£53	£1,499	£617	2.5	49	0
31/03/12		£2,825	£2,685	£140	£30	£1,028	£658	2.9	47	0
31/03/11		£2,550	£2,553	£-3	£189	£888	£564	2.6	49	0
31/03/10		£2,480	£2,466	£14	£171	£891	£543	2.6	47	0
31/03/09		£2,223	£2,232	£-10	£165	£877	£538	2.9	43	0
31/03/08		£2,271	£2,246	£25	£159	£887	£529	2.8	43	0
31/03/07		£2,596	£2,490	£106	£144	£863	£548	2.6	41	0
31/03/06		£2,480	£2,357	£123	£0	£0	£0	n/a	0	0
31/03/05		£2,119	£2,029	£90	£0	£0	£0	n/a	0	0
31/03/04		£1,916	£1,785	£130	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0.9%
Fundraising Costs/Total Spending: 0.8%
Highest pay band: Less than £60,000
Liabilities/Assets: 21%
Liabilities/Income: 19%
Unrestricted Funds/Total Funds: 98%
Reserves/Spending: 7.8 months
Net Current Assets/Spending: 4 months
Quick Ratio: 0.7

Asset Split ?

Established: 24 years

www.wolseytheatre.co.uk

info@wolseytheatre.co.uk

01473295900

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science

GiG Classification

Performing and visual arts

How it operates

Provides services

Where it operates

Suffolk,

Who it helps

The General Public/Mankind

Who works here?

45 employees
102 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.

Major supporters in last 5 years

DCMS	£1,548,328
Wolfson Foundation	£70,000
Garfield Weston Foundation	£40,000

Specific Donations

Amount	When Months	To be used for
Garfield Weston Foundation - Main Grants award
£40,000	12/06/2020	Creating a Scene
Wolfson Foundation - Grant to New Wolsey Theatre
£70,000	11/06/2020	Refurbishment and new participation facility. Grant converted to unrestricted funding June 2020 in response to Covid-19 pandemic.
DCMS - National portfolio organisation 2018 - 2022
£953,328	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 - NWT Culture Recovery Fund Application
£245,000	01/04/2020	To support Arts and Culture throughout England
DCMS - Cultural Capital Kickstart Fund
£227,500	01/04/2020	To support Arts and Culture throughout England
DCMS - NWT Culture Recovery Fund Application #2
£122,500	01/04/2020	To support Arts and Culture throughout England
DCMS - National portfolio organisation 2018 - 2022
£936,104	01/04/2019	£1.6bn invested in the key arts and culture infrastrucure organisations in England for a 4 year period
DCMS - New Wolsey Theatre Capital 2020
£395,000	01/04/2019	Engaging with New Communities (ENC) is an ambitious, exciting and multifaceted programme of infrastructure development that will transform the scale and scope of our community engagement & young ....more Engaging with New Communities (ENC) is an ambitious, exciting and multifaceted programme of infrastructure development that will transform the scale and scope of our community engagement & young peoples work, significantly improve the NWT audience experience and increase our resilience, relevance & sustainability.Part of a wider Theatre Square Master Plan the 2 phase project will see the fit out of a new building (The Spiral) and the refurbishment of New Wolsey Theatre front of house.The programme will catalyse seismic change across the organisation, putting participation and engagement work (quite literally) front and centre of what NWT does, repositioning our role in our local community and national arts ecology, diversifying and driving up income whilst driving costs down.
DCMS - National portfolio organisation 2018 - 2022
£936,104	01/04/2018	National portfolio organisation 2018 - 2022
DCMS - National portfolio organisation 2018 - 2022
£234,026	01/04/2018	To support National portfolio organisation 2018 - 2022
Esmee Fairbairn - Grant to New Wolsey Theatre
£140,000	16/12/2015 36	Towards the salaries of two posts working on a programme that aims to increase the presence of deaf and disabled people as theatre artists, outreach participants and audience members.
Henry Smith Charity - Grant to Unscene Suffolk
£2,610	03/12/2015	towards one year's running costs of a project providing creative workshops for adults with sight impairments in Suffolk
Esmee Fairbairn - Grant to New Wolsey Theatre
£105,756	09/10/2013	Towards a programme of work that aims to increase the presence of deaf and disabled people as theatre artists, participants and audience members.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Age Range of Trustees: 31-60

ALICE LOUISE HARDAKER Appointed: 2023, Occupation: Development Director

LAURA HERBERT Appointed: 2023, Occupation: Solicitor

MARC EDWARD BRADBROOK Appointed: 2023, Occupation: Director Of Business Development- Energy

SARAH NICOLA SHEPPARD Appointed: 2023, Occupation: Accountant

VICKIE OLIVE BRAZIER Appointed: 2023, Occupation: Fellow Chartered Legal Executive

CHARLOTTE GAIL WORMSTONE Appointed: 2017, Occupation: Solicitor

CATHERINE FROST Appointed: 2019, Occupation: Businesswoman

MATTHEW WILLIAM HARRISON Appointed: 2020, Occupation: Theatre Director

SARA JANE CORCORAN (Chair) Appointed: 2019, Occupation: Hr Director

SOPHIE JANE WOOLLEY Appointed: 2019, Occupation: Writer And Actor, Other trusteeship: TOLD BY AN IDIOT,

Legal constitution

Charitable company registered in England & Wales on 14/08/2000, number: 1082016
Registered at Companies House on 27/04/2000, number: 03982202

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment 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
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

20 returns made; AR17: 0 days late,

Main office

New Wolsey Theatre Co Ltd
Civic Drive
Ipswich
IP1 2AS

Objectives

THE COMPANY IS ESTABLISHED TO PROMOTE, MAINTAIN, IMPROVE AND ADVANCE EDUCATION, PARTICULARLY BY THE PRODUCTION OF PLAYS AND THE ENCOURAGEMENT OF THE ARTS, INCLUDING THE ARTS OF DRAMA, MIME, SINGING AND MUSIC, AND TO FORMULATE, PREPARE AND ESTABLISH SCHEMES THEREFORE PROVIDED THAT ALL OBJECTS OF THE COMPANY SHALL BE OF A CHARITABLE NATURE.

Defined Area of Benefit:

NOT DEFINED

Data Sources