REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 |
FOR |
HALL GREEN LITTLE THEATRE LIMITED |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
REPORT OF THE TRUSTEES AND |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 |
FOR |
HALL GREEN LITTLE THEATRE LIMITED |
HALL GREEN LITTLE THEATRE LIMITED |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 31 July 2023 |
Page |
Report of the Trustees | 1 | to | 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 | to | 6 |
Notes to the Financial Statements | 7 | to | 12 |
HALL GREEN LITTLE THEATRE LIMITED (REGISTERED NUMBER: 00666377) |
REPORT OF THE TRUSTEES |
for the Year Ended 31 July 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 31 July 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, aims and public benefit |
The objects of the Hall Green Little Theatre Limited are: |
- to promote an understanding of theatre and dramatic art within the community by encouraging the participation of the widest possible cross-section of the community. |
- to produce plays of a high standard which, by their varied content, uplift, educate, entertain and challenge both the audience membership and those who are directly involved with the productions. |
- to encourage members of the local community to bring to the theatre their individual skills both to teach new skills to other members and also to learn new skills from them. |
- to encourage teamwork and an environment where every member uses their individual skills to the greatest effect and every contribution is equally valued. |
- to encourage the active participation of the young section of the community through the Youth Theatre, to develop their individual skills, both technical and artistic, and through their participation, bring to the youth of our society a love and appreciation of theatre and its value in society. |
- to provide a venue for outside artistic organisations and educational participation. |
The Youth Theatre, membership is provided free of charge. The Youth Theatre, which has a multi-cultural and mixed-ability membership of upwards of 60 members attend regularly. |
Significant activities |
The charity will continue to promote plays of cultural diversity, at the same time expanding their work with young people. Hall Green Little Theatre Limited continues to provide opportunities for members of the local community, from a wide catchment area, and of all ages and dispositions, to take part in and benefit from the preparation and presentation of drama and other entertainment. |
We continued to augment our supply of equipment and an upgrade of the stage flooring, and front of house, with both artistic consideration and Health and Safety guidance being borne in mind. |
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. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
HALL GREEN LITTLE THEATRE LIMITED (REGISTERED NUMBER: 00666377) |
REPORT OF THE TRUSTEES |
for the Year Ended 31 July 2023 |
Trustees |
Independent Examiner |
P Georgiades BA FCA |
Flint & Thompson |
Chartered Accountants |
2 Manor Square |
Solihull |
B91 3PX |
Approved by order of the board of trustees on |
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF |
HALL GREEN LITTLE THEATRE LIMITED |
Independent examiner's report to the trustees of Hall Green Little Theatre Limited ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 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. |
P Georgiades BA FCA |
Flint & Thompson |
Chartered Accountants |
2 Manor Square |
Solihull |
B91 3PX |
22 April 2024 |
HALL GREEN LITTLE THEATRE LIMITED |
STATEMENT OF FINANCIAL ACTIVITIES |
for the Year Ended 31 July 2023 |
2023 | 2022 |
Unrestricted | Designated | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 1,540 | - |
Charitable activities |
12,873 | - |
Operation of theatre | 2 | 56,307 | - |
Investment income | 3 | 280 | - |
Other income | 1,183 | - |
Total | 72,183 | - |
EXPENDITURE ON |
Raising funds | 6,006 | - |
Charitable activities |
9,785 | 4,000 |
Other | 44,691 | - |
Total | 60,482 | 4,000 |
NET INCOME/(EXPENDITURE) | 11,701 | (4,000 | ) |
Transfers between funds | 11 | (295 | ) | 295 | - | - |
Net movement in funds | 11,406 | (3,705 | ) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 151,755 | 181,383 |
TOTAL FUNDS CARRIED FORWARD | 163,161 | 177,678 | 333,138 |
HALL GREEN LITTLE THEATRE LIMITED (REGISTERED NUMBER: 00666377) |
BALANCE SHEET |
31 July 2023 |
2023 | 2022 |
Unrestricted | Designated | Total | Total |
fund | fund | funds | funds |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 7 | 42,033 | - |
CURRENT ASSETS |
Stocks | 8 | 1,444 | - |
Debtors | 9 | 4,253 | - |
Cash at bank | 128,027 | 177,678 |
133,724 | 177,678 |
CREDITORS |
Amounts falling due within one year | 10 | (12,596 | ) | - | ( |
) | ( |
) |
NET CURRENT ASSETS | 121,128 | 177,678 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
163,161 |
177,678 |
NET ASSETS | 163,161 | 177,678 |
FUNDS | 11 |
Unrestricted funds: |
General fund | 163,161 | 151,331 |
Designated fund | 177,678 | 181,807 |
333,138 |
TOTAL FUNDS | 333,138 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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. |
HALL GREEN LITTLE THEATRE LIMITED (REGISTERED NUMBER: 00666377) |
BALANCE SHEET - continued |
31 July 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 |
HALL GREEN LITTLE THEATRE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 31 July 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 financial statements have been prepared on a going concern basis which the trustees consider to be appropriate for the following reasons; |
Hall Green Little Theatre has enough funds to ensure that it meets its liabilities for a period of no less than 12 months from the approval of the financial statements. |
Consequently, the trustees are confident that the company will have sufficient funds to continue to meet its liabilities as they fall due for a period of at least 12 months from the date of approval of the financial statements and therefore have prepared them on a going concern basis. |
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. |
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. |
Income from donations and grants, including capital grants, is included in incoming resources, when these are receivable, except as follows: |
a) When donors specify that donations and grants given to the charity must be used in future accounting periods, the income is deferred until those periods. |
b) When donors impose conditions, which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the pre-conditions have been met. |
Interest is included when receivable by the charity. |
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. |
Theatre buildings | - |
Theatre buildings improvements | - |
Plant and equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
HALL GREEN LITTLE THEATRE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2023 |
1. | ACCOUNTING POLICIES - continued |
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. |
Designated funds are set aside by the trustees out of unrestricted general funds for specific future purposes or projects. |
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. |
2. | OPERATION OF THEATRE |
2023 | 2022 |
£ | £ |
Production and programme sales |
Membership subscriptions |
3. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Bank interest received |
4. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
5. | TRUSTEES' REMUNERATION AND BENEFITS |
No trustees received any payments in respect of remunerations during the year. |
Trustees' expenses |
No trustees received any payments in respect of expenses during the year. |
HALL GREEN LITTLE THEATRE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2023 |
6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted | Designated | Total |
fund | fund | funds |
£ | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies | 3,858 | - |
Charitable activities |
8,309 | - |
Operation of theatre | 33,269 | - |
Investment income | 13 | - |
Other income | 641 | - |
Total | 46,090 | - |
EXPENDITURE ON |
Raising funds | 3,480 | - |
Charitable activities |
5,519 | - |
Other | 34,539 | - |
Total | 43,538 | - |
NET INCOME | 2,552 | - |
Transfers between funds | (10 | ) | 10 | - |
Net movement in funds | 2,542 | 10 |
RECONCILIATION OF FUNDS |
Total funds brought forward | 148,789 | 181,797 |
TOTAL FUNDS CARRIED FORWARD | 151,331 | 181,807 | 333,138 |
7. | TANGIBLE FIXED ASSETS |
Theatre |
Theatre | buildings | Plant and |
buildings | improvements | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 August 2022 and 31 July 2023 |
DEPRECIATION |
At 1 August 2022 |
Charge for year |
At 31 July 2023 |
NET BOOK VALUE |
At 31 July 2023 |
At 31 July 2022 |
HALL GREEN LITTLE THEATRE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2023 |
7. | TANGIBLE FIXED ASSETS - continued |
The theatre buildings represent a leasehold interest. The lease expires in 2032. |
8. | STOCKS |
2023 | 2022 |
£ | £ |
Stocks |
9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Prepayments and accrued income |
10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors and accruals |
11. | MOVEMENT IN FUNDS |
Net | Transfers |
movement | between | At |
At 1.8.22 | in funds | funds | 31.7.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 151,755 | 11,701 | (295 | ) | 163,161 |
Designated fund | 181,383 | (4,000 | ) | 295 | 177,678 |
7,701 |
TOTAL FUNDS | 7,701 | 340,839 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 72,183 | (60,482 | ) | 11,701 |
Designated fund | - | (4,000 | ) | (4,000 | ) |
( |
) | 7,701 |
TOTAL FUNDS | ( |
) | 7,701 |
HALL GREEN LITTLE THEATRE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2023 |
11. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.8.21 | in funds | funds | 31.7.22 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 148,789 | 2,552 | (10 | ) | 151,331 |
Designated fund | 181,797 | - | 10 | 181,807 |
330,586 | 2,552 | - | 333,138 |
TOTAL FUNDS | 330,586 | 2,552 | - | 333,138 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 46,090 | (43,538 | ) | 2,552 |
TOTAL FUNDS | 46,090 | (43,538 | ) | 2,552 |
A current year 12 months and prior year 12 months combined position is as follows: |
Net | Transfers |
movement | between | At |
At 1.8.21 | in funds | funds | 31.7.23 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 148,789 | 14,253 | (305 | ) | 162,737 |
Designated fund | 181,797 | (4,000 | ) | 305 | 178,102 |
330,586 | 10,253 | - | 340,839 |
TOTAL FUNDS | 330,586 | 10,253 | - | 340,839 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 118,273 | (104,020 | ) | 14,253 |
Designated fund | - | (4,000 | ) | (4,000 | ) |
118,273 | (108,020 | ) | 10,253 |
TOTAL FUNDS | 118,273 | (108,020 | ) | 10,253 |
HALL GREEN LITTLE THEATRE LIMITED |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 31 July 2023 |
12. | RELATED PARTY DISCLOSURES |
13. | DESIGNATED FUNDS |
Designated funds consist of the following: |
Small legacies for improvements = £Nil |
Large legacies for contingency = £177,678 |