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REGISTERED COMPANY NUMBER: 11680079 (England and Wales)
REGISTERED CHARITY NUMBER: 1203467














REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

ROCHDALE MUSICAL THEATRE COMPANY

ROCHDALE MUSICAL THEATRE COMPANY






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Reference and Administrative Details 1

Report of the Trustees 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 11

ROCHDALE MUSICAL THEATRE COMPANY

REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 30 JUNE 2023



TRUSTEES D Edwards
D Heaton
G Hindle
Mrs P A Mchale
Mrs K Meredith
Mrs M Barker (resigned 6.12.22)
Miss L Bates (resigned 21.9.23)
R M Parkinson
R J Barber (appointed 26.7.22)


REGISTERED OFFICE 7 Smithy Fold
Cutgate
Rochdale
Lancashire
OL12 7NS


REGISTERED COMPANY NUMBER 11680079 (England and Wales)


REGISTERED CHARITY NUMBER 1203467


INDEPENDENT EXAMINER Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

ROCHDALE MUSICAL THEATRE COMPANY (REGISTERED NUMBER: 11680079)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The objects of the Society are to educate the public in the dramatic or operatic arts and to further the development of public appreciation of the said arts, and to support financially or otherwise such charitable institution, institutions, purpose or purposes as the Society through its general committee shall determine from time to time.

In order to further its objects, the society has adopted the policy of staging at least one production each year, drawn from the established repertoire of light opera and musical shows.

Significant activities
The charity put on one show during the year, Grease, which was very well received and a successful production generating a surplus to be carried forward for future productions.

The trustees believe that the production helped the cast and audience to more fully understand and appreciate the show..

The charity benefited from intangible income to the extent that the members and volunteers provided the cast, front of house staff and backstage maintenance of scenery, props and wardrobe for the productions staged, free of charge.

The charity also undertook a fundraising dinner during the year and as agreed part of the proceeds were donated to MIND in memory of one of the charity's members

The charity obtained formal registration with the charity commission on 8 June 2023 which confirmed the transfer of activities and funds from the unincorporated charity.

Public benefit
In shaping the objectives for the year and planning activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance on public benefits and fee charging.

The society relies on grants and the income from fees and charges to cover its costs. In setting the level of fees, charges and concessions, the trustees give careful consideration to the accessibility of the society's productions for those on low incomes.

The strategies employed to achieve the charity's aims and objectives include:
Presenting a broad range of operatic theatre productions
Providing facilities and opportunities for a broad range of people to get involved in the arts activity

FINANCIAL REVIEW
Investment policy and objectives
The trustees have considered the most appropriate policy for investing funds and have found that a building society or bank deposit account meets their requirements.

Reserves policy
It is the policy of the charity to try to maintain unrestricted funds, which are free reserves of the charity, at a level of £20,000 being the approximate costs for the production of a show over a twelve month period. This ensures there should always be sufficient working capital to put on a show should it generate no advance revenue. Reserves at 30 June 2023 were well below the required level and the trustees are monitoring future activities.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Approved by order of the board of trustees on 13 February 2024 and signed on its behalf by:




Mrs K Meredith - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
ROCHDALE MUSICAL THEATRE COMPANY

Independent examiner's report to the trustees of Rochdale Musical Theatre Company ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Miss P. A. Richards. F.C.A., D.Ch.A.

Wyatt Morris Golland Ltd
Park House
200 Drake Street
Rochdale
Lancashire
OL16 1PJ

13 February 2024

ROCHDALE MUSICAL THEATRE COMPANY

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 JUNE 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2,568 4,757

Charitable activities
Cost of shows staged 37,519 44,342

Other trading activities 2 3,177 2,219
Total 43,264 51,318

EXPENDITURE ON
Raising funds 2,236 798

Charitable activities 3
Cost of shows staged 36,179 46,771
Total 38,415 47,569

NET INCOME 4,849 3,749


RECONCILIATION OF FUNDS
Total funds brought forward 7,729 3,980

TOTAL FUNDS CARRIED FORWARD 12,578 7,729

ROCHDALE MUSICAL THEATRE COMPANY (REGISTERED NUMBER: 11680079)

BALANCE SHEET
30 JUNE 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 9 - 10

CURRENT ASSETS
Debtors 10 1,699 1,989
Cash at bank and in hand 11,504 6,193
13,203 8,182

CREDITORS
Amounts falling due within one year 11 (625 ) (463 )

NET CURRENT ASSETS 12,578 7,719

TOTAL ASSETS LESS CURRENT LIABILITIES 12,578 7,729

NET ASSETS 12,578 7,729
FUNDS 12
Unrestricted funds 12,578 7,729
TOTAL FUNDS 12,578 7,729

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


ROCHDALE MUSICAL THEATRE COMPANY (REGISTERED NUMBER: 11680079)

BALANCE SHEET - continued
30 JUNE 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 13 February 2024 and were signed on its behalf by:





D Heaton - Trustee





K Meredith - Trustee

ROCHDALE MUSICAL THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery - 25% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Fundraising events 1,982 1,502
Sale of goods 1,195 717
3,177 2,219


ROCHDALE MUSICAL THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

3. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 4) note 5) Totals
£    £    £   
Cost of shows staged 35,697 482 36,179

4. DIRECT COSTS OF CHARITABLE ACTIVITIES
2023 2022
£    £   
Cost of shows staged 31,527 43,114
Subscriptions and publications 895 818
Stationery and telephone 247 424
Insurance 1,047 1,420
Miscellaneous 353 527
Paypal charges 4 7
Wix Charges 1,614 -
Depreciation 10 16
35,697 46,326

5. SUPPORT COSTS
Governance
costs
£   
Cost of shows staged 482

Support costs, included in the above, are as follows:
2023 2022
Cost of
shows Total
staged activities
£    £   
Accountancy fees 482 445

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 10 16

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.



ROCHDALE MUSICAL THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 4,757

Charitable activities
Cost of shows staged 44,342

Other trading activities 2,219
Total 51,318

EXPENDITURE ON
Raising funds 798

Charitable activities
Cost of shows staged 46,771
Total 47,569

NET INCOME 3,749


RECONCILIATION OF FUNDS
Total funds brought forward 3,980

TOTAL FUNDS CARRIED FORWARD 7,729

9. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 July 2022 and 30 June 2023 66
DEPRECIATION
At 1 July 2022 56
Charge for year 10
At 30 June 2023 66
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 10


ROCHDALE MUSICAL THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 1,699 1,989

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Accruals and deferred income 625 463

12. MOVEMENT IN FUNDS
Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 7,729 4,849 12,578

TOTAL FUNDS 7,729 4,849 12,578

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 43,264 (38,415 ) 4,849

TOTAL FUNDS 43,264 (38,415 ) 4,849


Comparatives for movement in funds

Net
movement At
At 1.7.21 in funds 30.6.22
£    £    £   
Unrestricted funds
General fund 3,980 3,749 7,729

TOTAL FUNDS 3,980 3,749 7,729

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 51,318 (47,569 ) 3,749

TOTAL FUNDS 51,318 (47,569 ) 3,749

ROCHDALE MUSICAL THEATRE COMPANY

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2023.