PADDLEBOAT THEATRE C.I.C.

Company limited by guarantee

Company Registration Number:
09273936 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2025

Period of accounts

Start date: 1 November 2024

End date: 31 October 2025

PADDLEBOAT THEATRE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 October 2025

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

PADDLEBOAT THEATRE C.I.C.

Directors' report period ended 31 October 2025

The directors present their report with the financial statements of the company for the period ended 31 October 2025

Directors

The directors shown below have held office during the whole of the period from
1 November 2024 to 31 October 2025

Harriet Elizabeth Brown
Kathryn Louise Dash
Michael Elliott Smith


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
3 July 2026

And signed on behalf of the board by:
Name: Michael Elliott Smith
Status: Director

PADDLEBOAT THEATRE C.I.C.

Balance sheet

As at 31 October 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 796 0
Total fixed assets: 796 0
Current assets
Debtors: 4 850 1,300
Cash at bank and in hand: 94,107 21,912
Total current assets: 94,957 23,212
Creditors: amounts falling due within one year: 5 ( 4,490 )
Net current assets (liabilities): 90,467 23,212
Total assets less current liabilities: 91,263 23,212
Creditors: amounts falling due after more than one year:   0
Accruals and deferred income: ( 95,302 ) ( 20,220 )
Total net assets (liabilities): (4,039) 2,992
Members' funds
Profit and loss account: (4,039) 2,992
Total members' funds: ( 4,039) 2,992

The notes form part of these financial statements

PADDLEBOAT THEATRE C.I.C.

Balance sheet statements

For the year ending 31 October 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 3 July 2026
and signed on behalf of the board by:

Name: Michael Elliott Smith
Status: Director

The notes form part of these financial statements

PADDLEBOAT THEATRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment Straight Line 3 Years

    Other accounting policies

    Government grants are recognised as deferred income on the balance sheet and then credited to other income when the expenditure is charged to the profit and loss

PADDLEBOAT THEATRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

PADDLEBOAT THEATRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 November 2024 300 300
Additions 868 868
Disposals
Revaluations
Transfers
At 31 October 2025 1,168 1,168
Depreciation
At 1 November 2024 300 300
Charge for year 72 72
On disposals
Other adjustments
At 31 October 2025 372 372
Net book value
At 31 October 2025 796 796
At 31 October 2024 0 0

PADDLEBOAT THEATRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2025

4. Debtors

2025 2024
£ £
Trade debtors 850 1,300
Total 850 1,300

PADDLEBOAT THEATRE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 October 2025

5. Creditors: amounts falling due within one year note

2025
£
Trade creditors 4,490
Total 4,490

COMMUNITY INTEREST ANNUAL REPORT

PADDLEBOAT THEATRE C.I.C.

Company Number: 09273936 (England and Wales)

Year Ending: 31 October 2025

Company activities and impact

In this financial year, PaddleBoat has continued to create opportunities for children and their families to engage with high-quality arts experiences - whether as audience members or as participants. In November we began rehearsals for our Co-Production of Elves & the Shoemaker with Exeter Northcott Theatre. For this we worked alongside a variety of local freelance artists, including actors, set designers and stage managers. In December the show first toured the 4 main Devon hospitals - Exeter, Barnstaple, Plymouth & Torbay. This was our first time bringing theatre into hospital settings. We worked along a company called Starlight, and performed to children and young people in their ward playrooms. Feedback from staff, young people & families was extremely positive and we hope to be able to do the same in December 2025. After we had toured to the hospitals, we then had a 10 day run at Exeter Barnfield Theatre, performing to 4291 audience members in the run up to Christmas. A review from the PRSD stated 'There's cosiness in the performance that's all set in the cobbler's shop, making snug corners places of mystery and friendship. The show is recommended for 3-7 year olds and the atmosphere is laid-back and welcoming. Most of all, The Elves and the Shoemaker adds sparkle and that's alluring, whether it's shoes or wonderfully warm Christmas shows.' In March 2025 we then toured Elves & the Shoemaker to 9 Devon schools, including Primary, SEMH & SEN. We reached 1810 young people. 2024-2025 saw us continue our National Lottery Heritage Funding 'Uncertain Tides' Project, which explored young people's experiences of the coast from Exmouth to Paignton. We ran weekly term time workshops at White Rock Primary, the Deaf Academy & Haytor View, exploring their local coastal & estuary environment. We worked closely with 145 diverse young people aged 6-16 in these schools. We also worked alongside a local sculptor (Brendan Rawlings) to realise 4 sculptures born from the work with young people in schools across the project. These sculptures were placed in Paignton, Dawlish, Topsham & Exmouth. We partnered with local environmental organisations to get permission for these statues, including Dawlish Against Plastic, Turn the Tide Festival & Sideshore CIC in Exmouth. On each sculpture is a QR code where the public can reach our website where we explain the project and link to a brand new game. This game was created by Stephen Tolfrey (based in Plymouth) and co-designed by students from White Rock Primary. Game users play as a lighthouse keeper, trying to repair his lighthouse light. At the same time, they learn facts about the coast and learn more about the project. Both the statues & the game were shared with families at a free family activity day in Exeter in May, before the statues were placed in their final position. From Easter 2025 we started rehearsals for the show 'Signals of the Sea'. This was a culmination of all the work from this project. It was based on a lighthouse and encouraged young people to think about the impact of the climate crisis on local communities & how we need to adapt & protect our coastlines. We worked alongside local freelance artists, including actors, musicians, set builders & stage managers, showcasing our commitment to providing opportunities to the local arts ecology. The show toured from June-July & reached 22 schools (Primary & SEN) and 2 arts venues. We reached 4288 young audience members across Devon. Feedback from all the schools was very positive - it was our largest schools' tour to date. None of the schoolchildren or their families had to pay anything to see this performance as it was entirely subsidised by the Heritage Fund and the schools. We hope to return to many of the schools next year to embed ourselves as their go-to cultural partner. We left each school with an environmental legacy (trees to plant, wildlife boxes) to encourage young people to actively participate in protecting their local environment. We ran two 'Theatre Weeks' in the Easter & Summer holidays 2025 - working with groups of 7-11 year olds during the holidays to create a brand new piece of theatre that was performed back to families in the Exeter Phoenix. Theatre Weeks are a fantastic way for young people to engage with theatre in the holidays and have the opportunity to perform on a professional stage. In June 2025 we also started a Paul Hamlyn Foundation & Youth Music Funded Project. We will be working closely with Millwater Special School & the Deaf Academy over the coming year to gauge the impact on arts based activities on young people's oracy & confidence. We chose those schools as for each young person, oracy will look entirely different: many of the young people use a mix of BSL, spoken English, AAC talkers & Makaton to communicate. We have run some introductory workshops & will work weekly with each school throughout the 2025-26 academic year. We will be working with an external evaluator to track the outcomes of the project and hope to share our findings with the wider schools & arts community in September term 2026. In September 2025 we began preparation for our Christmas show with the Exeter Northcott Theatre. We will be sharing our performance with schools, families and possibly hospitals again this Christmas.

Consultation with stakeholders

Our stakeholders comprise three groups: theatres/arts industry professionals, schools and families. Theatres & arts organisations have supported us to provide theatre experiences for children and families - including the Exeter Phoenix, Exeter Northcott Theatre, Teignmouth Pavillions & Alibi. All these organisations have supported us to provide arts opportunities to young people in a variety of different spaces and set ups. All our arts organisations stakeholders consult with us on the design of different projects and provide us with feedback throughout. This helps us hone our work & ensure we keep it high quality. We are funded on a project basis. This financial year we were funded by The National Lottery Heritage Fund, Paul Hamlyn Foundation, Arts Council England, Exeter City Council and a variety of small trust funds. We consult with each funding body's representatives regarding our projects and complete formal evaluations following their funding. Consultation with schools is more informal - we remain in constant contact with the teachers and leadership teams of the schools that we are working in to ensure that our work continues to serve the needs of the school and its students – we are gratified that so many teachers and schools continue to have us in at a time when schools budgets are so restricted. This year saw us run our largest schools tour to date. We worked in Willowbrook, Montgomery, Fremington, Ide, Ladysmith, Bovey Tracey, Marpool, Countess Wear & Clyst Heath Primaries for the first time, alongside returning to many schools that we have an existing relationship with. Our network of schools continues to grow, and we are always seeking opportunities to extend our reach. Consultation with families has continued through the form of post-show feedback forms/notes, whereby families could share views on shows, how we ran events and the marketing. We encourage young people to feedback on our work - asking young people about aspects of shows/workshops they have liked best, and what they would like to do more of. We are dedicated to making this as accessible as possible, and use a variety of tools, such as discussions in English/BSL, written surveys, physical movement, circling facial expressions & stick figures to show how they feel.

Directors' remuneration

No remuneration was received for their role as director. None of the directors received dividends or a salary from the CIC in the financial year. In capacity as freelance artists, the co-directors were contracted by PaddleBoat throughout the year on various projects.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
6 July 2026

And signed on behalf of the board by:
Name: Michael Smith
Status: Director