GORLESTON PAVILION TRUST LTDActive

I'm pleased to introduce this year's annual report for Gorleston Pavilion Trust, which builds on a successful period of transition in the previous year. Where 2023/24 was defined as a period of change, intervention, and getting to grips with some challenges throughout the organisation, this year has been one of building on a solid foundation set down by the CEO and Trust, readying us for growth and the new challenges that lay ahead. As Chair, I believe transparency is essential. The journey from takeover to long-term sustainability has required significant investment, patience, and resolve from all levels within the Pavilion. This year has marked a difficult one, but one which marks a clear turning point, and positions the Trust for a more stable and successful 2026. Protecting the building and securing the Trust's future A significant proportion of expenditure during the year was directed towards security, safety, and stability. These costs were neither discretionary nor unexpected, but the unavoidable consequence of assuming responsibility for a historic building that required urgent attention following years of under-investment. Two areas accounted for the majority of this expenditure: - Legal and professional fees Incurred primarily to support the successful transfer and takeover of the Pavilion from its previous owners, this was essential to ensure the process was fair, robust and properly governed, and aimed to protect the Trust's long-term interests -Emergency works to

As described in the company's latest filed accounts.