IRIS Accounts Production v24.3.0.553 Other Company accounts True false Pounds 1.5.23 30.4.24 30.4.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false true false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh054535462023-04-30054535462024-04-30054535462023-05-012024-04-30054535462022-04-30054535462022-05-012023-04-30054535462023-04-3005453546ns0:CharitableCompanyLimitedByGuarantee2023-05-012024-04-3005453546ns15:PoundSterling2023-05-012024-04-3005453546ns11:FRS1022023-05-012024-04-3005453546ns11:IndependentExaminationCharity2023-05-012024-04-3005453546ns11:SmallCompaniesRegimeForAccounts2023-05-012024-04-3005453546ns11:FullAccounts2023-05-012024-04-3005453546ns11:CharitiesSORP2023-05-012024-04-300545354632023-05-012024-04-3005453546ns0:Trustee22023-05-012024-04-3005453546ns0:Trustee32023-05-012024-04-3005453546ns0:Trustee42023-05-012024-04-3005453546ns0:Trustee12023-05-012024-04-3005453546ns0:Trustee52023-05-012024-04-3005453546ns0:Trustee62023-05-012024-04-3005453546ns0:Trustee72023-05-012024-04-3005453546ns0:Trustee82023-05-012024-04-3005453546ns11:RegisteredOffice2023-05-012024-04-3005453546ns0:TotalUnrestrictedFunds2023-05-012024-04-3005453546ns0:TotalRestrictedIncomeFunds2023-05-012024-04-3005453546ns0:Activity82023-05-012024-04-3005453546ns0:TotalUnrestrictedFundsns0:Activity82023-05-012024-04-3005453546ns0:Activity8ns0:TotalRestrictedIncomeFunds2023-05-012024-04-3005453546ns0:Activity82022-05-012023-04-3005453546ns0:TotalUnrestrictedFunds2023-04-3005453546ns0:TotalRestrictedIncomeFunds2023-04-3005453546ns0:TotalUnrestrictedFunds2024-04-3005453546ns0:TotalRestrictedIncomeFunds2024-04-3005453546ns0:TotalUnrestrictedFundsns10:WithinOneYear2024-04-3005453546ns10:WithinOneYearns0:TotalRestrictedIncomeFunds2024-04-3005453546ns10:WithinOneYear2024-04-3005453546ns10:WithinOneYear2023-04-3005453546ns10:FurnitureFittingsToolsEquipment2023-05-012024-04-3005453546ns10:ComputerEquipment2023-05-012024-04-300545354622023-05-012024-04-3005453546ns10:OwnedAssets2023-05-012024-04-3005453546ns10:OwnedAssets2022-05-012023-04-3005453546ns0:TotalUnrestrictedFunds2022-05-012023-04-3005453546ns0:TotalRestrictedIncomeFunds2022-05-012023-04-3005453546ns0:TotalUnrestrictedFundsns0:Activity82022-05-012023-04-3005453546ns0:Activity8ns0:TotalRestrictedIncomeFunds2022-05-012023-04-3005453546ns10:FurnitureFittings2023-04-3005453546ns10:ComputerEquipment2023-04-3005453546ns10:FurnitureFittings2023-05-012024-04-3005453546ns10:FurnitureFittings2024-04-3005453546ns10:ComputerEquipment2024-04-3005453546ns10:FurnitureFittings2023-04-3005453546ns10:ComputerEquipment2023-04-300545354612023-05-012024-04-30
REGISTERED COMPANY NUMBER: 05453546 (England and Wales)
REGISTERED CHARITY NUMBER: 1115847














ACORN COMMUNITY THEATRE LIMITED

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

ACORN COMMUNITY THEATRE LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024




Page

Reference and Administrative Details 1

Report of the Trustees 2 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Cash Flow Statement 8

Notes to the Cash Flow Statement 9

Notes to the Financial Statements 10 to 15

ACORN COMMUNITY THEATRE LIMITED

REFERENCE AND ADMINISTRATIVE DETAILS
for the Year Ended 30 APRIL 2024



TRUSTEES Mrs Hayla Alison Hawes
Mrs Janet Elizabeth Hurst
Miss Gillian Marjorie Wenger
Dr Ian Richard McKeer
Mr John Edward Murdoch
Mr Andrew Darksus (resigned 12.1.2024)
Deacon Emily Hoe-Cook
Mrs Jeanette Adams


COMPANY SECRETARY Mr John Edward Murdoch


REGISTERED OFFICE Queen Street
Worksop
Nottinghamshire
S80 2AN


REGISTERED COMPANY
NUMBER
05453546 (England and Wales)


REGISTERED CHARITY
NUMBER
1115847


INDEPENDENT EXAMINER Brown & Co.
9 Sparken Hill
Worksop
Nottinghamshire
S80 1AX

ACORN COMMUNITY THEATRE LIMITED (REGISTERED NUMBER: 05453546)

REPORT OF THE TRUSTEES
for the Year Ended 30 APRIL 2024


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 April 2024. 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
The Charity's Objects are:
1) To provide and promote the Acorn Theatre as a venue for the performing and visual arts for the benefit of the people of Worksop, Nottinghamshire and the surrounding areas.

2) To promote, maintain , improve and advance education in the performing arts particularly by encouraging the arts of Drama, Dance, Singing and Music and to offer other arts experiences which assist in developing self and social awareness, self-confidence and empowerment. For the purpose of social inclusion and participation in the live arts.

In providing the only dedicated theatrical venue in Worksop and thereby contributing to the town's cultural life the trustees have had due regard to the guidance issued by the Charity Commission.

The theatre auditorium and Oak Suite are hired either for performances or rehearsals or both by amateur and professional groups or artists. These cover dance, drama, musicals, popular music and magic.

A reciprocal arrangement with the Crossing church allows groups to use the church if the theatre is fully booked and vice-versa. This benefits both parties and their hirers.

The charity is run entirely by volunteers including the Trustees. They administer the theatre, staff the box office, bar and kiosk, provide technical support for some user groups and maintain the building within the limitations of the insurance cover.

ACHIEVEMENT AND PERFORMANCE
The charity has maintained its remit to provide facilities for user groups. Twenty four events took place with a total of fifty four performances. These included four Theatre Weeks and three Schools Weeks; both for young people to put on a play a week. The events were in four broad categories; drama, dance, variety and popular music. The theatre is also used for rehearsals prior to events. Two of the founder groups rehearse regularly including The Young Theatre Company that teaches young people to act, sing and dance, enhancing their abilities and wellbeing.


The comfort of volunteers, users and the public will be significantly improved as a result of replacing the fifty year old gas boiler with a modern one using thermostatic controls. The auditorium is now heated and cooled using air conditioning units. This is anticipated to reduce the building's carbon emissions and its energy consumption. A fundraising group was formed with the aim of contributing to the refurbishment of the toilet and kitchen facilities.

FINANCIAL REVIEW
Under the provisions of S144(1) of the Charities Act 2006 an audit is not required and the accounts have been subject to independent examination. These accounts together with the independent examiner's report will be submitted to the Charity Commission along with this Annual Report and the Annual Return.

Reserves - To retain a reserve of £4k. This is sufficient to cover the running costs of the theatre should there be no income for one quarter.

The principal sources of funds are the hire of the premises and profits from the bar and kiosk.

Expenditure has supported the charity's objectives by maintaining the building in a fit state for its users and for public performances.

The charity has no investments.


ACORN COMMUNITY THEATRE LIMITED (REGISTERED NUMBER: 05453546)

REPORT OF THE TRUSTEES
for the Year Ended 30 APRIL 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Acorn Community Theatre Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 13th January 2020. It is registered as a charity with the Charity Commission.

Directors and trustees
Trustees can be elected at the AGM, nominated by one of the three founder groups or the landlord or co-opted by the board as stipulated in the M&A. Co-opted trustees are then subject to election at the next AGM.

The charity is overseen by a Board of Trustees whose members are also directors of the limited company. Specific directors have responsibility for overseeing some functions and the work of volunteers.

There are Health & Safety, CCTV, Data Protection, Safeguarding, IT, Age Verification and Conflict of Interest policies. Within Health & Safety there are Fire, Legionella and Performance risk assessments. In addition there is a Code of Conduct for volunteers and trustees plus Guidance for Trustees and a Complaints Procedure. Together these are used to manage risk.

Financial risks are controlled by adherence to a spending code.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

Approved by order of the board of trustees on 23 October 2024 and signed on its behalf by:





Dr Ian Richard McKeer - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
ACORN COMMUNITY THEATRE LIMITED

Independent examiner's report to the trustees of Acorn Community Theatre Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2024.

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.








J Brown

Brown & Co.
9 Sparken Hill
Worksop
Nottinghamshire
S80 1AX

23 October 2024

ACORN COMMUNITY THEATRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 30 APRIL 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 7,661 1,085 8,746 3,238

Charitable activities
Operation of theatre 43,764 - 43,764 59,098

Other trading activities 2 - 1,025 1,025 -
Investment income 3 122 - 122 102
Total 51,547 2,110 53,657 62,438

EXPENDITURE ON
Raising funds - 305 305 -

Charitable activities
Operation of theatre 47,831 50 47,881 36,050
Total 47,831 355 48,186 36,050

NET INCOME 3,716 1,755 5,471 26,388


RECONCILIATION OF FUNDS
Total funds brought forward 104,427 3,190 107,617 81,229

TOTAL FUNDS CARRIED FORWARD 108,143 4,945 113,088 107,617

ACORN COMMUNITY THEATRE LIMITED (REGISTERED NUMBER: 05453546)

BALANCE SHEET
30 APRIL 2024

2024 2023
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 70,128 - 70,128 41,741

CURRENT ASSETS
Stocks 8 1,345 - 1,345 1,950
Debtors 9 5,549 - 5,549 2,979
Cash at bank and in hand 37,231 4,945 42,176 71,916
44,125 4,945 49,070 76,845

CREDITORS
Amounts falling due within one year 10 (6,110 ) - (6,110 ) (10,969 )

NET CURRENT ASSETS 38,015 4,945 42,960 65,876

TOTAL ASSETS LESS CURRENT
LIABILITIES

108,143

4,945

113,088

107,617

NET ASSETS 108,143 4,945 113,088 107,617
FUNDS 11
Unrestricted funds 108,143 104,427
Restricted funds 4,945 3,190
TOTAL FUNDS 113,088 107,617

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.


ACORN COMMUNITY THEATRE LIMITED (REGISTERED NUMBER: 05453546)

BALANCE SHEET - continued
30 APRIL 2024

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 23 October 2024 and were signed on its behalf by:





Dr Ian Richard McKeer - Trustee

ACORN COMMUNITY THEATRE LIMITED

CASH FLOW STATEMENT
for the Year Ended 30 APRIL 2024

2024 2023
Notes £    £   

Cash flows from operating activities
Cash generated from operations 1 6,898 42,163
Net cash provided by operating activities 6,898 42,163

Cash flows from investing activities
Purchase of tangible fixed assets (36,760 ) (28,926 )
Interest received 122 102
Net cash used in investing activities (36,638 ) (28,824 )

Change in cash and cash equivalents in
the reporting period

(29,740

)

13,339
Cash and cash equivalents at the
beginning of the reporting period

71,916

58,577
Cash and cash equivalents at the end of
the reporting period

42,176

71,916

ACORN COMMUNITY THEATRE LIMITED

NOTES TO THE CASH FLOW STATEMENT
for the Year Ended 30 APRIL 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024 2023
£    £   
Net income for the reporting period (as per the Statement of Financial
Activities)

5,471

26,388
Adjustments for:
Depreciation charges 8,331 3,684
Loss on disposal of fixed assets 42 44
Interest received (122 ) (102 )
Decrease in stocks 605 400
(Increase)/decrease in debtors (2,570 ) 4,128
(Decrease)/increase in creditors (4,859 ) 7,621
Net cash provided by operations 6,898 42,163


2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.5.23 Cash flow At 30.4.24
£    £    £   
Net cash
Cash at bank and in hand 71,916 (29,740 ) 42,176
71,916 (29,740 ) 42,176
Total 71,916 (29,740 ) 42,176

ACORN COMMUNITY THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 APRIL 2024

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
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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

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


Fixtures and fittings - 25% on reducing balance, 15% on reducing balance, 10% on cost and 10% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


ACORN COMMUNITY THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Fundraising events 1,025 -

3. INVESTMENT INCOME
2024 2023
£    £   
Interest receivable 122 102

4. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 8,331 3,684
Deficit on disposal of fixed assets 42 44

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 1,606 1,632 3,238

Charitable activities
Operation of theatre 59,098 - 59,098

Investment income 102 - 102
Total 60,806 1,632 62,438

EXPENDITURE ON
Charitable activities
Operation of theatre 36,050 - 36,050

NET INCOME 24,756 1,632 26,388


RECONCILIATION OF FUNDS
Total funds brought forward 79,671 1,558 81,229


ACORN COMMUNITY THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   
TOTAL FUNDS CARRIED FORWARD 104,427 3,190 107,617

7. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 127,179 1,740 128,919
Additions 36,231 529 36,760
Disposals - (648 ) (648 )
At 30 April 2024 163,410 1,621 165,031
DEPRECIATION
At 1 May 2023 85,788 1,390 87,178
Charge for year 8,122 209 8,331
Eliminated on disposal - (606 ) (606 )
At 30 April 2024 93,910 993 94,903
NET BOOK VALUE
At 30 April 2024 69,500 628 70,128
At 30 April 2023 41,391 350 41,741

8. STOCKS
2024 2023
£    £   
Stock 1,345 1,950

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 5,549 -
Sundry debtors prepayments - 2,979
5,549 2,979


ACORN COMMUNITY THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,110 10,555
VAT - 414
6,110 10,969

11. MOVEMENT IN FUNDS
Net
movement At
At 1.5.23 in funds 30.4.24
£    £    £   
Unrestricted funds
General fund 104,427 3,716 108,143

Restricted funds
Charities Aid Foundation fund 1,175 (50 ) 1,125
Toilet refurbishment fund 2,015 1,805 3,820
3,190 1,755 4,945
TOTAL FUNDS 107,617 5,471 113,088

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 51,547 (47,831 ) 3,716

Restricted funds
Charities Aid Foundation fund - (50 ) (50 )
Toilet refurbishment fund 2,110 (305 ) 1,805
2,110 (355 ) 1,755
TOTAL FUNDS 53,657 (48,186 ) 5,471


ACORN COMMUNITY THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.5.22 in funds 30.4.23
£    £    £   
Unrestricted funds
General fund 79,671 24,756 104,427

Restricted funds
Charities Aid Foundation fund 1,175 - 1,175
Toilet refurbishment fund 383 1,632 2,015
1,558 1,632 3,190
TOTAL FUNDS 81,229 26,388 107,617

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 60,806 (36,050 ) 24,756

Restricted funds
Toilet refurbishment fund 1,632 - 1,632

TOTAL FUNDS 62,438 (36,050 ) 26,388

12. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the financial statements - 4,670

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2024.


ACORN COMMUNITY THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 APRIL 2024

14. POST BALANCE SHEET EVENTS

No events have taken place since the end of the year which need to be shown in these accounts.