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REGISTERED COMPANY NUMBER: 00410481 (England and Wales)
REGISTERED CHARITY NUMBER: 208710










ELTHAM LITTLE THEATRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






ELTHAM LITTLE THEATRE LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024




Page

Trustees' report 1 to 3

Independent examiner's report 4

Statement of financial activities 5

Balance sheet 6 to 7

Notes to the financial statements 8 to 15

ELTHAM LITTLE THEATRE LIMITED (REGISTERED NUMBER: 00410481)

TRUSTEES' REPORT
for the year ended 31 July 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 31 July 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
Objectives and aims
The purposes of the charity are as follows;

- Providing a home for the arts of the theatre, drama, music, the cinema and any cognate of allied arts, to make these available to the public and to develop the cultural welfare of the community.

- Maintaining the venue and providing facilities for the theatrical mounting of productions

Significant activities
The charity undertakes various fundraising activities in order to raise additional income to keep ticket prices to a minimum.

In order to achieve the objectives of the charity the trustees have employed the following strategies;

- presenting a range of in-house productions which can be enjoyed by wide population of the local community.
- offering opportunities for people to get involved with the theatre as volunteers in a wide range of activities
- making the theatre available to other theatrical organisations for a hire charge, which allows essential maintenance of the theatre.

Through our strategies we endeavour to encourage all within the local community to take part in and benefit from activities.

Public benefit
In reviewing our objectives for the current year the trustees have considered the Charity Commission's guidance on public benefit and fee charging. The theatre relies significantly on the income from ticket sales to cover its operating costs and maintenance of the theatre, however the trustees give careful consideration to those on low incomes when setting the level of ticket prices, concessions and all off peak discounts.

The Charity also undertakes various fundraising activities in order to raise additional income to keep ticket prices to a minimum.

Volunteers
The charity is totally dependant on the services of volunteers except for the clerical officer and cleaner.

FINANCIAL REVIEW
Investment policy and objectives
It is the policy of the charity to utilise a majority of the incoming resources in the short term for the furtherance of the charity's objectives, as a result there are a few funds for new long term investment. The charity does own the freehold of the theatre which ties up most of the available reserves of the charity. This is maintained to a high standard in order to preserve and enhance the value of this investment.

Results
During the year theatre production income amounted to £67,381 an increase of £5,164 from 2023. The deficit for the year amounted to £1,563 (2023:Surplus £9,244) after deducting depreciation charges of £37,834 (2023: £38,093).

Going concern
The trustees consider the charity to be a going concern due to the fact there is approximately £154,000 in the bank.


ELTHAM LITTLE THEATRE LIMITED (REGISTERED NUMBER: 00410481)

TRUSTEES' REPORT
for the year ended 31 July 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Eltham Little Theatre Limited is a company Limited by Guarantee (company number 410481) and a registered charity (charity number 208710). The company was incorporated on 14 May 1946 under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association, as amended 22 June 1949, 20 June 1988, 23 October 2000, 24 September 2003 and 3 October 2005.

Recruitment and appointment of new trustees
The directors of the charitable company (''the Charity'') are its trustees for the purpose of Charity Law and are represented by the Chairman, Treasurer and Secretary of the board of management. As set out in the Articles of Association, if there is at any time a vacancy in the membership a new member may be appointed by the members in a general meeting.

Organisational structure
The Charity's board of management is currently made up of 9 members who meet regularly and are responsible for deciding the strategic policy and direction of the charity.

There is a scheme of delegation in place whereby the day to day responsibility for the charity and the responsibility for ensuring the long term objectives are met rests with the Chairman, Treasurer and Secretary.

Induction and training of new trustees
Most new members of the board of management are already familiar with the practical work of the charity, having been involved with it for a number of years. They also undergo a short training session whereby they are familiarised with; the obligations of the board of management, the main documents which set out the operational framework of the charity including the memorandum and article, the current financial position and future plans and objectives.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
00410481 (England and Wales)

Registered Charity number
208710

Registered office
Wythfield Road
Eltham
London
SE9 5TG

Trustees
Mrs J M Sims Retired (resigned 15.11.24)
Mrs C Williams Educationalist (resigned 20.11.23)
J F Goodwin Retired
J E Shepherd Retired (appointed 20.10.23)
D R Barefoot (appointed 15.11.24)

Company Secretary
J E Shepherd

Independent Examiner
Paul Allan BSocSc FCA
Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


ELTHAM LITTLE THEATRE LIMITED (REGISTERED NUMBER: 00410481)

TRUSTEES' REPORT
for the year ended 31 July 2024


REFERENCE AND ADMINISTRATIVE DETAILS
Members of Board of Management as at 31 July 2024

J Simms Chair
J Shepherd Secretary
J Goodwin Treasurer
D Hinchley-Robson
D Barefoot
P Martin
C Williams
S Chapman
D Mott
A Hutchinson

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 27 December 2024 and signed on its behalf by:





D R Barefoot - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
ELTHAM LITTLE THEATRE LIMITED

Independent examiner's report to the trustees of Eltham 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 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.








Paul Allan BSocSc FCA

Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

27 December 2024

ELTHAM LITTLE THEATRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
for the year ended 31 July 2024

2024 2023
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 628 - 628 10,521

Charitable activities 5
Subscriptions 3,185 - 3,185 2,390
Charitable activities 133,815 - 133,815 118,147

Other trading activities 3 36,690 - 36,690 36,589
Investment income 4 2,682 - 2,682 1,012
Total 177,000 - 177,000 168,659

EXPENDITURE ON
Charitable activities 6
Charitable activities 112,356 - 112,356 94,694

Other 8 66,207 - 66,207 64,721
Total 178,563 - 178,563 159,415

NET INCOME/(EXPENDITURE) (1,563 ) - (1,563 ) 9,244


RECONCILIATION OF FUNDS
Total funds brought forward 1,240,865 - 1,240,865 1,231,621

TOTAL FUNDS CARRIED FORWARD 1,239,302 - 1,239,302 1,240,865

ELTHAM LITTLE THEATRE LIMITED (REGISTERED NUMBER: 00410481)

BALANCE SHEET
31 July 2024

2024 2023
Unrestricted Restricted Total Total
funds fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 13 1,087,153 - 1,087,153 1,118,736

CURRENT ASSETS
Stocks 14 1,131 - 1,131 990
Debtors 15 9,428 - 9,428 15,488
Cash at bank and in hand 16 154,423 - 154,423 118,918
164,982 - 164,982 135,396

CREDITORS
Amounts falling due within one year 17 (12,833 ) - (12,833 ) (13,267 )

NET CURRENT ASSETS 152,149 - 152,149 122,129

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,239,302

-

1,239,302

1,240,865

NET ASSETS 1,239,302 - 1,239,302 1,240,865
FUNDS 18
Unrestricted funds 1,239,302 1,240,865
TOTAL FUNDS 1,239,302 1,240,865

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.


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


ELTHAM LITTLE THEATRE LIMITED (REGISTERED NUMBER: 00410481)

BALANCE SHEET - continued
31 July 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 27 December 2024 and were signed on its behalf by:





D R Barefoot - Trustee

ELTHAM LITTLE THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 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.

Critical accounting judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on the historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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.

Going concern
The trustees have reasonable expectation, giving consideration to the worldwide coronavirus pandemic (COVID 19), that the charity has adequate resources to continue for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

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.


Freehold property - Straight line over 50 years
Improvements to property - 10% - 20% on cost
Plant and machinery - 7.5% on reducing balance
Fixtures and fittings - 7.5% 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.


ELTHAM LITTLE THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

1. ACCOUNTING POLICIES - continued

Fund accounting
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
2024 2023
£    £   
Donations and grants 628 10,521

3. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Bar, coffee, confectionary and merchandising income 36,690 36,589

4. INVESTMENT INCOME
2024 2023
£    £   
Investment income 2,682 1,012

5. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
Other income Subscriptions 3,185 2,390
Theatre productions Charitable activities 67,381 62,217
Other income Charitable activities 66,434 55,930
137,000 120,537

6. CHARITABLE ACTIVITIES COSTS
Direct
Costs
£   
Charitable activities 112,356


ELTHAM LITTLE THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

7. SUPPORT COSTS
Governance
Management Finance costs Totals
£    £    £    £   
Other resources expended 17,689 2,663 8,023 28,375

Support costs, included in the above, are as follows:

Management
2024 2023
Other
resources Total
expended activities
£    £   
Insurance & licenses 10,532 10,295
Postage, Stationary & Phone 6,046 3,977
Sundries 1,086 283
Travel & subsistence 25 186
17,689 14,741
Finance
2024 2023
Other
resources Total
expended activities
£    £   
Bank charges 2,663 2,752
Governance costs
2024 2023
Other
resources Total
expended activities
£    £   
Accountancy and legal fees 8,023 9,135

8. OTHER
2024 2023
£    £   
Depreciation 37,832 38,093
Support costs 28,375 26,628
66,207 64,721



ELTHAM LITTLE THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

9. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 37,833 38,095

10. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 July 2024 nor for the year ended 31 July 2023.


11. STAFF COSTS
2024 2023
£    £   
Wages and salaries 13,377 10,661
13,377 10,661

The average monthly number of employees during the year was as follows:

2024 2023
Administration 1 1

No employees received emoluments in excess of £60,000.

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 10,521 - 10,521

Charitable activities
Subscriptions 2,390 - 2,390
Charitable activities 118,147 - 118,147

Other trading activities 36,589 - 36,589
Investment income 1,012 - 1,012
Total 168,659 - 168,659

EXPENDITURE ON
Charitable activities
Charitable activities 94,694 - 94,694

Other 64,721 - 64,721

ELTHAM LITTLE THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds fund funds
£    £    £   
Total 159,415 - 159,415

NET INCOME 9,244 - 9,244


RECONCILIATION OF FUNDS
Total funds brought forward 1,231,621 - 1,231,621

TOTAL FUNDS CARRIED FORWARD 1,240,865 - 1,240,865

13. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 August 2023 45,000 1,230,151 125,644
Additions - 550 7,440
VAT adjustment - (6,755 ) 135
At 31 July 2024 45,000 1,223,946 133,219
DEPRECIATION
At 1 August 2023 36,900 277,950 70,868
Charge for year 900 24,612 4,369
At 31 July 2024 37,800 302,562 75,237
NET BOOK VALUE
At 31 July 2024 7,200 921,384 57,982
At 31 July 2023 8,100 952,201 54,776

ELTHAM LITTLE THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

13. TANGIBLE FIXED ASSETS - continued
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 156,658 22,623 1,580,076
Additions 1,665 3,148 12,803
VAT adjustment 16 51 (6,553 )
At 31 July 2024 158,339 25,822 1,586,326
DEPRECIATION
At 1 August 2023 71,871 3,751 461,340
Charge for year 6,431 1,521 37,833
At 31 July 2024 78,302 5,272 499,173
NET BOOK VALUE
At 31 July 2024 80,037 20,550 1,087,153
At 31 July 2023 84,787 18,872 1,118,736

The VAT adjustment is a result of the charity becoming VAT registered in 2019 and making pre-VAT registration claims.

14. STOCKS
2024 2023
£    £   
Stocks 1,131 990

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 139 208
VAT 2,155 7,324
Prepayments and accrued income 7,134 7,956
9,428 15,488

16. CASH AT BANK AND IN HAND

ELTHAM LITTLE THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

16. CASH AT BANK AND IN HAND - continued
2024 2023
Total Total
funds funds
£    £   
Cash in hand 811 1,016
Bank account no. 1 2,978 2,522
Bank account no. 2 106,797 72,370
Bank deposit account 43,837 43,010
Total 154,423 118,918


17. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 8,680 10,200
Social security and other taxes 419 188
Other creditors 2,040 625
Accruals and deferred income 1,694 2,254
12,833 13,267

18. MOVEMENT IN FUNDS
Net
movement At
At 1.8.23 in funds 31.7.24
£    £    £   
Unrestricted funds
General fund 1,240,865 (1,563 ) 1,239,302

TOTAL FUNDS 1,240,865 (1,563 ) 1,239,302

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 177,000 (178,563 ) (1,563 )

TOTAL FUNDS 177,000 (178,563 ) (1,563 )


ELTHAM LITTLE THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

18. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.8.22 in funds 31.7.23
£    £    £   
Unrestricted funds
General fund 1,231,621 9,244 1,240,865

TOTAL FUNDS 1,231,621 9,244 1,240,865

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 168,659 (159,415 ) 9,244

TOTAL FUNDS 168,659 (159,415 ) 9,244

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 July 2024.

20. LIMITED BY GUARANTEE

The company is Limited by Guarantee and as such any profits are to be retained by the charity.

21. CONTINGENT ASSET

The 2019 VAT registration of the charity gave rise to VAT refunds provided for in this set of accounts. Further VAT refunds will be released at a rate of the annually calculated partial exemption percentage of the maximum reclaim of £12,521 per annum for the remaining 4 years as per the VAT Capital Goods Scheme. This has been agreed with HMRC, but to be prudent the adjustments will be made in future financial statements upon receipt of the refund.