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REGISTERED COMPANY NUMBER: 00844043 (England and Wales)
REGISTERED CHARITY NUMBER: 242164














Report of the Trustees and

Financial Statements for the Year Ended 31 December 2023

for

SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE)

SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE)






Contents of the Financial Statements
for the year ended 31 DECEMBER 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 13

SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE) (REGISTERED NUMBER: 00844043)

Report of the Trustees
for the year ended 31 DECEMBER 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 December 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
To promote and further education in and knowledge, understanding and appreciation of the arts of Opera, Ballet, Mime, Drama, Music and similar arts. A strong focus on youth involvement is supported with local schools offered reduced rates for the hiring of our facilities/equipment, our annual Summer School and continuous encouragement for students to play an active part in all aspects of the Trust. In shaping the general aim the Trustees have considered the Charity Commissions guidance on public benefit.

The charity is dependent on voluntary help. Besides those amateur performers who display their talents in the theatre, volunteers assist with stewarding performances, running and managing the bar, together with all the management of the charity.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
As Government restrictions due to the Covid pandemic were lifted, the charity was able to return to nearly full activity, with four shows, several fundraising events but unfortunately unable to run Summer School.

FINANCIAL REVIEW
Financial position
The profit from the four shows was £24,823 compared to £16,516 in 2022 reflecting a return to near normal activity. Overall, the charity made a loss of £2,288 compared to a loss of £3,963 in 2022. The main differences between the two years were the increase in show profit of £8,307 offset by an increased spend on upgrade projects of £8,104. The bar and catering activities generated £3,831 more profit than last year, reflecting the increase in audience attendance.

Reserves policy
The charity reviewed and updated their reserves policy on the 24th April 2024 to maintain £50,000 in an interest-bearing deposit account. Previously funds of £30,000 were held in reserve.

FUTURE PLANS
The Trust plans to continue a full range of activity in 2024 with five shows, summer school and fundraising events with further upgrade to the facility planned.

STRUCTURE, GOVERNANCE AND MANAGEMENT
The Sharnbrook Amateur Theatre Trust Limited is a company limited by guarantee and governed by its Memorandum and Articles of Association dated 1 April 1965 amended on March 22, 2023. It is registered as a charity with the Charity Commission. There were 133 members at the year end.

The Board of Trustees administer the charity. The Board meets four times a year or as required.

The Trustees have a risk management strategy which comprises:
- an annual review of the risks the charity may face
- the establishment of systems and procedures to mitigate those risks identified in the plan
- the implementation of procedures designed to minimise the potential impact on the charity should those risks materialise.

This work has not identified any major risks. A key element in the management of financial risk is the reserve policy, and the preparation and approval of a detailed budget for the forthcoming year.


SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE) (REGISTERED NUMBER: 00844043)

Report of the Trustees
for the year ended 31 DECEMBER 2023

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
00844043 (England and Wales)

Registered Charity number
242164

Registered office
155 Wellingborough Road
RUSHDEN
Northamptonshire
NN10 9TB

Trustees
A Capper
T W H Gibbs (deceased 28.11.23)
J M Goodbody (resigned 15.11.23)
S J Parrott (resigned 12.3.23)
D A L Pope
G F Stafford
C L Summerling (resigned 30.5.23)
S J Devonshire
S A Dennis
T J Jackson-Waite (resigned 11.9.23)
I Poole
K Stevens (resigned 17.7.23)
B C Thompson
R O West (resigned 18.7.23)

Independent Examiner
Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

Approved by order of the board of trustees on 14 August 2024 and signed on its behalf by:





D A L Pope - Trustee

Independent Examiner's Report to the Trustees of
Sharnbrook Amateur Theatre Trust Limited
(The)

Independent examiner's report to the trustees of Sharnbrook Amateur Theatre Trust Limited (The) ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 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.








Claire Emery

Elsby & Co
155 Wellingborough Road
Rushden
Northamptonshire
NN10 9TB

14 August 2024

SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE)

Statement of Financial Activities
for the year ended 31 DECEMBER 2023

2023 2022
Unrestricted Total
funds funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 5,685 7,126

Charitable activities 5
Productions 54,915 33,454
Workshops 305 1,500
Subscriptions 3,540 2,815

Other trading activities 3 40,338 38,499
Investment income 4 995 167
Total 105,778 83,561

EXPENDITURE ON
Raising funds 12,082 12,846

Charitable activities
Productions 30,092 16,938
Workshops 297 960

Other 65,595 56,780
Total 108,066 87,524

NET INCOME/(EXPENDITURE) (2,288 ) (3,963 )


RECONCILIATION OF FUNDS
Total funds brought forward 880,449 884,412

TOTAL FUNDS CARRIED FORWARD 878,161 880,449

SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE) (REGISTERED NUMBER: 00844043)

Balance Sheet
31 DECEMBER 2023

2023 2022
Unrestricted Total
funds funds
Notes £    £   
FIXED ASSETS
Tangible assets 8 911,166 928,933

CURRENT ASSETS
Stocks 9 1,473 1,361
Debtors 10 7,430 8,733
Cash at bank and in hand 94,818 75,307
103,721 85,401

CREDITORS
Amounts falling due within one year 11 (10,091 ) (7,250 )

NET CURRENT ASSETS 93,630 78,151

TOTAL ASSETS LESS CURRENT LIABILITIES 1,004,796 1,007,084

PROVISIONS FOR LIABILITIES 12 (126,635 ) (126,635 )

NET ASSETS 878,161 880,449
FUNDS 13
Unrestricted funds 878,161 880,449
TOTAL FUNDS 878,161 880,449

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.


SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE) (REGISTERED NUMBER: 00844043)

Balance Sheet - continued
31 DECEMBER 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 14 August 2024 and were signed on its behalf by:





D A L Pope - Trustee

SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE)

Notes to the Financial Statements
for the year ended 31 DECEMBER 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.

Income resources
Charitable Trading Activities
Income from theatre admission fees is included in incoming resources in the period in which receipts are received. Income from sales of goods and other items is included in the period in which the charity is entitled to receipt, unless paid in arrears.

Donations, Legacies and Grants
Income from donations, legacies and grants is included in incoming resources when these are receivable.
Legacies - income is included when the charity is advised by the personal representative of an estate that payment will be made and the amount involved can be quantified.

Subscriptions
Subscription income is included in incoming resources in the period that it is received.

Gifts and Intangible Income
Intangible income, which comprises donated services, is included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable.No income is recognised where there is no financial cost borne by a third party.

Interest Receivable
Interest receivable is included when receivable by the charity and is allocated to each fund on an `average balance held` basis.

Resources expended
Resources expended are included in the Statement of Financial Activities on an accruals basis inclusive of any VAT which cannot be recovered. Certain expenditure is directly attributable to specific activities and has been included in those cost categories.

Tangible fixed assets
Tangible fixed assets are capitalised at cost. Depreciation is provided for and aims to write off fixed assets over their expected useful lives on the following basis:

Freehold propertyNil
Improvement to propertyHeating 5% of cost and Cooling 10% of cost
Fixtures and fittings20% of NBV
CostumesNil

The Trustees are of the opinion that depreciation should not be charged on the Freehold Property, on the grounds that the depreciation charge would be immaterial, owing to the long useful economic life and high residual value of the building.The Trustees have considered this policy and consider it appropriate at the Balance Sheet date. Costumes are included at a conservative value and are not depreciated.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing

SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Stocks
stock to its present location and condition.

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

Deferred Taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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. DONATIONS AND LEGACIES
2023 2022
£    £   
Grants 3,000 2,667
Donations - 488
Fund the Future 2,685 529
Gift aid - 3,442
5,685 7,126


SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2023

3. OTHER TRADING ACTIVITIES
2023 2022
£    £   
RHI 7,700 6,784
Fundraising 13,073 15,795
Sales of goods 168 13
Hire of premises 4,973 6,100
Costume and Equipment hire 2,029 1,013
Bar and catering sales 12,285 8,418
Other 110 376
40,338 38,499

4. INVESTMENT INCOME
2023 2022
£    £   
Deposit account interest 995 167

5. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity £    £   
Productions Productions 54,915 33,454
Workshops Workshops 305 1,500
Subscriptions Subscriptions 3,540 2,815
58,760 37,769

6. NET INCOME/(EXPENDITURE)

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

2023 2022
£    £   
Depreciation - owned assets 17,767 17,889

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.



SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2023

8. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and
property property Costumes fittings Totals
£    £    £    £    £   
COST
At 1 January 2023 and
31 December 2023

750,000

409,499

500

91,826

1,251,825

DEPRECIATION
At 1 January 2023 - 237,930 - 84,962 322,892
Charge for year - 16,788 - 979 17,767
At 31 December 2023 - 254,718 - 85,941 340,659
NET BOOK VALUE
At 31 December 2023 750,000 154,781 500 5,885 911,166
At 31 December 2022 750,000 171,569 500 6,864 928,933

9. STOCKS
2023 2022
£    £   
Stocks 1,473 1,361

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,193 2,930
Prepayments 3,237 5,803
7,430 8,733


SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2023

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,628 2,893
VAT 742 129
Deferred income 480 430
Accrued expenses 6,241 3,798
10,091 7,250

12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 126,635 126,635

13. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 373,907 (2,288 ) 371,619
Revaluation 506,542 - 506,542
880,449 (2,288 ) 878,161
TOTAL FUNDS 880,449 (2,288 ) 878,161

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 105,778 (108,066 ) (2,288 )

TOTAL FUNDS 105,778 (108,066 ) (2,288 )


SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2023

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 377,870 (3,963 ) 373,907
Revaluation 506,542 - 506,542
884,412 (3,963 ) 880,449
TOTAL FUNDS 884,412 (3,963 ) 880,449

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 83,561 (87,524 ) (3,963 )

TOTAL FUNDS 83,561 (87,524 ) (3,963 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 377,870 (6,251 ) 371,619
Revaluation 506,542 - 506,542
884,412 (6,251 ) 878,161
TOTAL FUNDS 884,412 (6,251 ) 878,161

SHARNBROOK AMATEUR THEATRE TRUST LIMITED
(THE)

Notes to the Financial Statements - continued
for the year ended 31 DECEMBER 2023

13. MOVEMENT IN FUNDS - continued

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 189,339 (195,590 ) (6,251 )

TOTAL FUNDS 189,339 (195,590 ) (6,251 )

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.