Finance Score: 4

Governance Score: 8

Support Score: 8

Good reserves management: +3
Multiple Deficits: -2
Fundraising costs low: +3

12+ Trustees: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +8

Overall GiG Score: 20

SHERMAN CYMRU

The objects of Sherman Cymru are to promote and encourage art and in particular performing art for the benefit of the public by the development, production and presentation of new writing or works of any form, the provision of theatre facilities and the advancement of education of children, young persons and adults by participation in the experience of theatre, drama and the performing arts.

Analysis by Giving is Great

Positives:

Reserves management has been consistently within official guidelines
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 and dynamic in terms of composition

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity
There are 15 trustees whereas the Charities Commission recommends a maximum of 12

Financial issues to consider:

On several occasions in recent years income has been less than spending

Established: 17 years

www.shermancymru.co.uk

boxoffice@shermantheatre.co.uk

02920646900

Charity Commission for England and Wales

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	£2,412	£2,611	£-199	£49	£4,368	£1,194	5.5	38	59
31/03/22	£1,988	£2,254	£-266	£44	£4,567	£1,276	6.8	29	35
31/03/21	£2,213	£1,862	£350	£46	£4,833	£1,302	8.4	25	0
31/03/20	£2,096	£2,383	£-287	£24	£4,482	£793	4	22	73
31/03/19	£2,059	£2,388	£-329	£19	£4,769	£805	4	25	71
31/03/18	£2,087	£2,207	£-120	£40	£5,098	£967	5.3	22	0
31/03/17	£2,128	£2,255	£-127	£31	£5,218	£983	5.2	22	0
31/03/16	£2,033	£2,112	£-80	£14	£5,344	£914	5.2	22	0
31/03/15	£2,022	£2,064	£-42	£187	£5,424	£752	4.4	23	0
31/03/14	£2,277	£2,591	£-314	£222	£5,466	£599	2.8	28	0
31/03/13	£2,551	£2,371	£180	£222	£5,780	£623	3.2	29	0
31/03/12	£4,922	£1,496	£3,426	£143	£5,600	£536	4.3	37	0
31/03/11	£2,804	£1,375	£1,428	£75	£2,175	£285	2.5	43	0
31/03/10	£2,520	£2,008	£512	£151	£746	£107	0.6	55	0
31/03/09	£1,911	£2,032	£-122	£175	£234	£163	1	51	0
31/03/08	£2,151	£1,824	£327	£195	£356	£212	1.4	47	0

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Financial Ratios

Fundraising Costs/Relevant Income: 2.3%
Fundraising Costs/Total Spending: 1.9%
Senior Staff Costs/Total Spending: 6%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 11%
Liabilities/Income: 24%
Unrestricted Funds/Total Funds: 27%
Reserves/Spending: 5.5 months
Net Current Assets/Spending: 3 months
Quick Ratio: 2.1

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
Education/Training

How it operates

Provides buildings/facilities/open space
Provides human resources

Where it operates

Throughout England And Wales,

Who it helps

The General Public/Mankind

Who works here?

38 employees
59 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
Esmee Fairbairn - Grant to Sherman Theatre (Sherman Cymru)
£35,000	29/06/2021	Towards core costs from the Reinvent Performing Arts Fund
Esmee Fairbairn - Grant to Sherman Cymru
£10,870	05/05/2020 6	towards unrestricted core costs as a COVID-19 Fast Response grant
National Lottery Community Fund - Tydfil Tales
£4,807	25/07/2019 12	Project Summary :_x000D_ Sherman Cymru in Cardiff will use the grant to deliver an intergenerational project in Merthyr Tydfil which seeks to address the issues of social isolation and aspirational ....more Project Summary :_x000D_ Sherman Cymru in Cardiff will use the grant to deliver an intergenerational project in Merthyr Tydfil which seeks to address the issues of social isolation and aspirational poverty through the creation of a play._x000D_ What Money is for :_x000D_ This grant for £4,807 will fund Deviser/Writer costs, workshop materials, travel, venue, space and technical costs, admin and marketing costs, and catering.
Paul Hamlyn Foundation - Developing the Sherman 5 programme
£317,000	17/12/2018 48	Through this grant, Sherman Theatre aims to increase the social impact of the Sherman 5 audience development programme, created with support from a Paul Hamlyn Club Award. Over the next four years, ....more Through this grant, Sherman Theatre aims to increase the social impact of the Sherman 5 audience development programme, created with support from a Paul Hamlyn Club Award. Over the next four years, the theatre will develop an enhanced community volunteer programme, supported by greater partnership working and use of Time Credits.
Garfield Weston Foundation - Main Grants award
£15,000	29/11/2018	Purchase of new company vehicle
Esmee Fairbairn - Grant to Sherman Cymru
£59,870	02/07/2018 36	Towards a programme introducing young people from low income backgrounds to playwriting and promoting diversity and access to artistic engagement across Cardiff and South Wales.
Andrew Lloyd Webber Foundation - Grant to Sherman Theatre
£11,500	27/06/2018 36	Graduate Designer Placement
Paul Hamlyn Foundation - Paul Hamlyn Club Programme additional support- dissemination
£5,000	08/05/2018 7	This grant will provide additional support to Sherman Cymru as part of Paul Hamlyn Clubs.
Co-Operative Group - Grant to Sherman Theatre
£2,680	29/11/2017	We want to increase accessibility for our deaf and hearing impaired audiences by expanding the scope and reach of our Deaf Theatre Club.
National Lottery Heritage Fund - Grant to Sherman Cymru
£37,000	28/07/2016	LOVE, Cardiff
National Lottery Community Fund - Creative Learning
£211,395	23/01/2013 36	The project over three years will provide creative activities for disadvantaged people with or without disabilities. The project will improve confidence, literacy and communication while assisting ....more The project over three years will provide creative activities for disadvantaged people with or without disabilities. The project will improve confidence, literacy and communication while assisting with community cohesion and integration. The project will be based in the Sherman Cymru theatre. The grant will fund a contribution towards a Creative Learning Associate, a Creative Learning Assistant post, recruitment costs, staff and volunteer expenses, training, marketing and costs for individual activities.
Esmee Fairbairn - Grant to Sherman Cymru
£120,000	22/02/2012	Towards an audience development plan which focuses on children, families and young people.

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (15)

Current Trustees appointed

Gender Split

Based on 13/15 persons

Age Range of Trustees: 43-76

ALEXANDER SAMUEL HICKS Appointed: 2023, Occupation: Civil Servant

CERI JOHN DAVIES Appointed: 2018, Occupation: Businessman

DAVID JAMES KING MBE Appointed: 2021, Other trusteeship: CARDIFF RIVERS GROUP,

DR MARTA MINIER Appointed: 2021, Occupation: Associate Professor Of Theatre, Media And Drama, Other trusteeship: TAKING FLIGHT THEATRE COMPANY,

GARETH OWEN Appointed: 2021, Occupation: Writer

HELEN RAMONDE VALLIS Appointed: 2018, Occupation: Retired, Other trusteeship: ITALIAN CULTURAL CENTRE WALES,

HUW THOMAS Appointed: 2021, Occupation: Solicitor

IFTAKHAR KHAN Appointed: 2022, Occupation: Solicitor

JANE TYLER Appointed: 2023, Occupation: Accountant

LLINOS DANIEL Appointed: 2019, Occupation: Actor

LOUISE ELIZABETH THOMAS Appointed: 2023, Occupation: Facilities Manager

MARC GERAINT SIMCOX Appointed: 2016, Occupation: General Manager

NICHOLAS HARRY CARLTON Appointed: 2015, Occupation: Marketing Director, Other trusteeship: THE FRANK HAINES MEMORIAL TRUST,

OWEN WYNDHAM THOMAS Appointed: 2015, Occupation: Teacher/Playwright

RHIAN ELIZABETH HEAD Appointed: 2021, Occupation: Retired

Legal constitution

Charitable company registered in England & Wales on 13/03/2007, number: 1118364
Registered at Companies House on 17/11/2006, number: 06002090

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
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Volunteer management

Filing Record

16 returns made; all on time

Main office

SHERMAN THEATRE
SENGHENNYDD ROAD
CARDIFF
CF24 4YE

Objectives

3. OBJECTSTHE OBJECTS OF THE CHARITY ARE TO PROMOTE AND ENCOURAGE ART AND IN PARTICULAR PERFORMING ART FOR THE BENEFIT OF THE PUBLIC BY THE DEVELOPMENT, PRODUCTION AND PRESENTATION OF NEW WRITING OR WORKS OF ANY FORM, THE PROVISION OF THEATRE FACILITIES AND THE ADVANCEMENT OF EDUCATION OF CHILDREN, YOUNG PERSONS AND ADULTS BY PARTICIPATION IN THE EXPERIENCE OF THEATRE, DRAMA AND THE PERFORMING ARTS.3. AMCANION AMCANION YR ELUSEN YW HYRWYDDO AC ANNOG CELFYDDYD AC YN ENWEDIG CELFYDDYD PERFFORMIO AR GYFER BUDD Y CYHOEDD DRWY DDATBLYGU, CYNHYRCHU A CHYFLWYNO YSGRFENNU A GWEITHIAU NEWYDD O UNRHYW FATH, DARPARU CYFLEUSTERAU THEATR A HYRWYDDO ADDYSG PLANT, POBL IFANC AC OEDOLION DRWY GYMRYD RHAN YN Y PROFIAD O THEATR, DRAMA A'R CELYDDYDAU PERFFOMIO.

Defined Area of Benefit:

NOT DEFINED.

Data Sources