SOMERSET YOUTH THEATRE CIC

Company limited by guarantee

Company Registration Number:
13135600 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 1 February 2023

End date: 31 January 2024

SOMERSET YOUTH THEATRE CIC

Contents of the Financial Statements

for the Period Ended 31 January 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

SOMERSET YOUTH THEATRE CIC

Directors' report period ended 31 January 2024

The directors present their report with the financial statements of the company for the period ended 31 January 2024

Principal activities of the company

Statement of Directors' Responsibilities The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: select suitable accounting policies and then apply them consistently; make judgments and accounting estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.



Directors

The directors shown below have held office during the whole of the period from
1 February 2023 to 31 January 2024

Selina Keedwell
Joanne Evans
Fiona Hulme


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
29 October 2024

And signed on behalf of the board by:
Name: Selina Keedwell
Status: Director

SOMERSET YOUTH THEATRE CIC

Balance sheet

As at 31 January 2024

Notes 2024 2023


£

£
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks:   0 0
Debtors: 3 1,010 967
Cash at bank and in hand: 27,095 34,186
Investments:   0 0
Total current assets: 28,105 35,153
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 4 ( 25,150 ) ( 34,067 )
Net current assets (liabilities): 2,955 1,086
Total assets less current liabilities: 2,955 1,086
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 2,955 1,086
Members' funds
Profit and loss account: 2,955 1,086
Total members' funds: 2,955 1,086

The notes form part of these financial statements

SOMERSET YOUTH THEATRE CIC

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 29 October 2024
and signed on behalf of the board by:

Name: Selina Keedwell
Status: Director

The notes form part of these financial statements

SOMERSET YOUTH THEATRE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

SOMERSET YOUTH THEATRE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 2 1

SOMERSET YOUTH THEATRE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Debtors

2024 2023
£ £
Trade debtors 1,010 967
Prepayments and accrued income 0 0
Other debtors 0 0
Total 1,010 967

SOMERSET YOUTH THEATRE CIC

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Creditors: amounts falling due within one year note

2024 2023
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 2,088 840
Taxation and social security 747 88
Accruals and deferred income 20,576 33,139
Other creditors 1,739 0
Total 25,150 34,067

COMMUNITY INTEREST ANNUAL REPORT

SOMERSET YOUTH THEATRE CIC

Company Number: 13135600 (England and Wales)

Year Ending: 31 January 2024

Company activities and impact

This year, we have seen 2442 children and young people being incredible Artists through our work at SYT. Using Theatre and the Arts as a vehicle to make positive change for children and young people at a time of incredible challenge, is exciting and transformative. We’re proud to be an organisation that works with the child first - it’s at the heart of all that we do. We listen to the voices of young people and endeavour to provide safer, fun and nurturing spaces. We’ve offered more fully funded and subsidised places in 2024 than ever before. We’ve exceeded our 50% ‘harder to reach’ targets and we’re managing waiting lists. We’ve invested in training programmes for all our staff and developed partnerships across Somerset communities, benefitting 8 strategic areas and acting as a creative catalyst for change. We’ve developed local skills-based opportunities, including Arts Award, internships and work experience. At a time when 1 in 5 children are living in poverty, 1 in 6 children have a probable mental health disorder and 1 in 8 children are unhappy at school, we must put children and young people first if we want to make change in the world. We have hope for the future because of them. If you want to talk to us about any of our work, after reading this - and want to get involved, please do get in touch. We’re always up for a cuppa and a chat. We believe in fun, We believe in community. We work together to make a difference

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 October 2024

And signed on behalf of the board by:
Name: Selina Keedwell
Status: Director