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REGISTERED COMPANY NUMBER: 02555263 (England and Wales)
REGISTERED CHARITY NUMBER: 1000931











Report of the Trustees and

Unaudited Financial Statements
for the Year Ended
30 June 2024

for

Summerseat Players Limited

Summerseat Players Limited






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Statement of Financial Position 5 to 6

Notes to the Financial Statements 7 to 12

Summerseat Players Limited (Registered number: 02555263)

Report of the Trustees
for the Year Ended 30 June 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 June 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).

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
02555263 (England and Wales)

Registered Charity number
1000931

Registered office
Theatre Royal
Smithy Street
Ramsbottom
Bury
Lancashire
BL0 9AT

Trustees
P C Bracewell
P Larkin
R W H Marley
R Sallin
G B Sword
S P Davies
Mrs E Morris

Company Secretary

Independent Examiner
Neil Chamberlain
Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

Approved by order of the board of trustees on 21 October 2024 and signed on its behalf by:




Summerseat Players Limited (Registered number: 02555263)

Report of the Trustees
for the Year Ended 30 June 2024



Mrs E Morris - Trustee

Independent Examiner's Report to the Trustees of
Summerseat Players Limited

Independent examiner's report to the trustees of Summerseat Players Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 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.








Neil Chamberlain

Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

21 October 2024

Summerseat Players Limited

Statement of Financial Activities
for the Year Ended 30 June 2024

30.6.24 30.6.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 113,158 - 113,158 101,139

Investment income 2 6,533 - 6,533 5,930
Total 119,691 - 119,691 107,069

EXPENDITURE ON
Raising funds 33,031 - 33,031 29,902


Other 81,476 - 81,476 106,728
Total 114,507 - 114,507 136,630

NET INCOME/(EXPENDITURE) 5,184 - 5,184 (29,561 )


RECONCILIATION OF FUNDS
Total funds brought forward 793,658 20,000 813,658 843,219

TOTAL FUNDS CARRIED FORWARD 798,842 20,000 818,842 813,658

Summerseat Players Limited (Registered number: 02555263)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 658,864 - 658,864 671,586

CURRENT ASSETS
Stocks 8 3,323 - 3,323 2,424
Debtors 9 730 - 730 20,400
Cash at bank and in hand 138,007 20,000 158,007 122,548
142,060 20,000 162,060 145,372

CREDITORS
Amounts falling due within one year 10 (2,082 ) - (2,082 ) (3,300 )

NET CURRENT ASSETS 139,978 20,000 159,978 142,072

TOTAL ASSETS LESS CURRENT
LIABILITIES

798,842

20,000

818,842

813,658

NET ASSETS 798,842 20,000 818,842 813,658
FUNDS 11
Unrestricted funds 798,842 793,658
Restricted funds 20,000 20,000
TOTAL FUNDS 818,842 813,658

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


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


Summerseat Players Limited (Registered number: 02555263)

Statement of Financial Position - continued
30 June 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 21 October 2024 and were signed on its behalf by:





E Morris - Trustee

Summerseat Players Limited

Notes to the Financial Statements
for the Year Ended 30 June 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.

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

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.

Summerseat Players Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. INVESTMENT INCOME
30.6.24 30.6.23
£    £   
Rents received 4,680 4,680
Deposit account interest 1,853 1,250
6,533 5,930

3. NET INCOME/(EXPENDITURE)

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

30.6.24 30.6.23
£    £   
Depreciation - owned assets 26,774 30,416

4. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


5. STAFF COSTS

The average number of employees for the year was nil (2023 - nil).

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 81,139 20,000 101,139

Investment income 5,930 - 5,930
Total 87,069 20,000 107,069

EXPENDITURE ON
Raising funds 29,902 - 29,902


Other 106,728 - 106,728
Total 136,630 - 136,630

Summerseat Players Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
fund funds funds
£    £    £   

NET INCOME/(EXPENDITURE) (49,561 ) 20,000 (29,561 )


RECONCILIATION OF FUNDS
Total funds brought forward 843,219 - 843,219

TOTAL FUNDS CARRIED
FORWARD

793,658

20,000

813,658

7. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST
At 1 July 2023 580,337 363,651 943,988
Additions - 14,052 14,052
At 30 June 2024 580,337 377,703 958,040
DEPRECIATION
At 1 July 2023 - 272,402 272,402
Charge for year - 26,774 26,774
At 30 June 2024 - 299,176 299,176
NET BOOK VALUE
At 30 June 2024 580,337 78,527 658,864
At 30 June 2023 580,337 91,249 671,586


Summerseat Players Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. STOCKS
30.6.24 30.6.23
£    £   
Stocks 3,323 2,424

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 730 -
Other debtors - 20,400
730 20,400

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 171 710
VAT 1,411 1,965
Other creditors - 120
Accrued expenses 500 505
2,082 3,300

11. MOVEMENT IN FUNDS
Net
movement At
At 1.7.23 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 793,658 5,184 798,842

Restricted funds
Restricted fund 20,000 - 20,000

TOTAL FUNDS 813,658 5,184 818,842

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 119,691 (114,507 ) 5,184

TOTAL FUNDS 119,691 (114,507 ) 5,184


Summerseat Players Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 843,219 (49,561 ) 793,658

Restricted funds
Restricted fund - 20,000 20,000

TOTAL FUNDS 843,219 (29,561 ) 813,658

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 87,069 (136,630 ) (49,561 )

Restricted funds
Restricted fund 20,000 - 20,000

TOTAL FUNDS 107,069 (136,630 ) (29,561 )

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

Net
movement At
At 1.7.22 in funds 30.6.24
£    £    £   
Unrestricted funds
General fund 843,219 (44,377 ) 798,842

Restricted funds
Restricted fund - 20,000 20,000

TOTAL FUNDS 843,219 (24,377 ) 818,842

Summerseat Players Limited

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. 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 206,760 (251,137 ) (44,377 )

Restricted funds
Restricted fund 20,000 - 20,000

TOTAL FUNDS 226,760 (251,137 ) (24,377 )

12. RELATED PARTY DISCLOSURES

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