IRIS Accounts Production v24.1.0.578 Other Company accounts True false Pounds 1.8.23 31.7.24 31.7.24 FY FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true true false true false true 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh067988982023-07-31067988982024-07-31067988982023-08-012024-07-31067988982022-07-31067988982022-08-012023-07-31067988982023-07-3106798898ns0:CharitableCompanyLimitedByGuarantee2023-08-012024-07-3106798898ns15:PoundSterling2023-08-012024-07-3106798898ns11:FRS1022023-08-012024-07-3106798898ns11:IndependentExaminationCharity2023-08-012024-07-3106798898ns11:SmallCompaniesRegimeForAccounts2023-08-012024-07-3106798898ns11:FullAccounts2023-08-012024-07-3106798898ns11:CharitiesSORP2023-08-012024-07-3106798898ns16:EnglandWales2023-08-012024-07-3106798898ns11:RegisteredOffice2023-08-012024-07-3106798898ns0:Trustee22023-08-012024-07-3106798898ns0:Trustee32023-08-012024-07-3106798898ns0:Trustee42023-08-012024-07-3106798898ns0:Trustee52023-08-012024-07-3106798898ns0:Trustee62023-08-012024-07-3106798898ns0:Trustee72023-08-012024-07-3106798898ns0:Trustee82023-08-012024-07-3106798898ns0:Trustee92023-08-012024-07-3106798898ns0:Trustee102023-08-012024-07-3106798898ns0:Trustee112023-08-012024-07-3106798898ns0:Trustee12023-08-012024-07-3106798898ns0:Trustee122023-08-012024-07-3106798898ns0:Trustee132023-08-012024-07-3106798898ns11:CompanySecretary12023-08-012024-07-3106798898ns10:WithinOneYear2024-07-3106798898ns10:WithinOneYear2023-07-3106798898ns10:AfterOneYear2024-07-3106798898ns10:AfterOneYear2023-07-3106798898ns0:TotalUnrestrictedFunds2024-07-3106798898ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-08-012024-07-3106798898ns10:PlantMachinery2023-08-012024-07-310679889822023-08-012024-07-310679889812023-08-012024-07-310679889812022-08-012023-07-3106798898ns10:OwnedAssets2023-08-012024-07-3106798898ns10:OwnedAssets2022-08-012023-07-3106798898ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-07-3106798898ns10:PlantMachinery2023-07-3106798898ns10:LandBuildingsns10:OwnedOrFreeholdAssets2024-07-3106798898ns10:PlantMachinery2024-07-3106798898ns10:LandBuildingsns10:OwnedOrFreeholdAssets2023-07-3106798898ns10:PlantMachinery2023-07-31
REGISTERED COMPANY NUMBER: 06798898 (England and Wales)
REGISTERED CHARITY NUMBER: 1130421














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JULY 2024

FOR

THE LOWESTOFT PLAYERS LIMITED
(A COMPANY LIMITED BY GUARANTEE)

THE LOWESTOFT PLAYERS LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 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

THE LOWESTOFT PLAYERS LIMITED (REGISTERED NUMBER: 06798898)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST 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 31st 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).

ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charitable activity of the company during the year was that of an amateur dramatic society.

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
06798898 (England and Wales)

Registered Charity number
1130421

Registered office
12 Grove Road
Lowestoft
Suffolk
NR32 1EB

Trustees
N Garrod (resigned 12.3.2024)
Miss J Wright
M T Wilson
J Atkin
S R Wilson
R Takman
Mrs P C Crisp
A R Groom
Mrs D Dickson
G Jermyn (resigned 12.3.2024)
M Garrod
D J Clark (appointed 14.3.2024) (resigned 4.1.2025)
Mrs C A Warren (appointed 14.3.2024)

Company Secretary
Mrs G Warren

Independent Examiner
Edward Back
Edward Back & Co
Mancroft Towers
Oulton Broad
Lowestoft
Suffolk
NR32 3PS

Approved by order of the board of trustees on 4th February 2025 and signed on its behalf by:



THE LOWESTOFT PLAYERS LIMITED (REGISTERED NUMBER: 06798898)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST JULY 2024




M Garrod - Trustee

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE LOWESTOFT PLAYERS LIMITED

Independent examiner's report to the trustees of The Lowestoft Players Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st 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.








Edward Back

Edward Back & Co
Mancroft Towers
Oulton Broad
Lowestoft
Suffolk
NR32 3PS

21st February 2025

THE LOWESTOFT PLAYERS LIMITED

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST JULY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 11,409 14,508

Other trading activities 2 106,451 113,732
Investment income 3 612 2
Other income 46,602 27,024
Total 165,074 155,266

EXPENDITURE ON
Raising funds 4 99,601 85,180


Other 51,332 44,633
Total 150,933 129,813

NET INCOME 14,141 25,453


RECONCILIATION OF FUNDS
Total funds brought forward 385,801 360,348

TOTAL FUNDS CARRIED FORWARD 399,942 385,801

THE LOWESTOFT PLAYERS LIMITED (REGISTERED NUMBER: 06798898)

STATEMENT OF FINANCIAL POSITION
31ST JULY 2024

2024 2023
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 8 308,977 302,314

CURRENT ASSETS
Stocks 9 1,230 1,731
Debtors 10 1,375 2,025
Cash at bank and in hand 121,875 111,646
124,480 115,402

CREDITORS
Amounts falling due within one year 11 (21,248 ) (13,248 )

NET CURRENT ASSETS 103,232 102,154

TOTAL ASSETS LESS CURRENT
LIABILITIES

412,209

404,468

CREDITORS
Amounts falling due after more than one year 12 (12,267 ) (18,667 )

NET ASSETS 399,942 385,801
FUNDS 14
Unrestricted funds 399,942 385,801
TOTAL FUNDS 399,942 385,801

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


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


THE LOWESTOFT PLAYERS LIMITED (REGISTERED NUMBER: 06798898)

STATEMENT OF FINANCIAL POSITION - continued
31ST 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 4th February 2025 and were signed on its behalf by:





M Garrod - Trustee

THE LOWESTOFT PLAYERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST 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.

Financial reporting standard 102 - reduced disclosure exemptions
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

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.


Freehold property - 2% on cost
Plant and machinery - 15% 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.


THE LOWESTOFT PLAYERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

2. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Sale of tickets 104,955 111,999
Net programme sales 1,496 1,733
106,451 113,732

3. INVESTMENT INCOME
2024 2023
£    £   
Deposit account interest 612 2

4. RAISING FUNDS

Raising donations and legacies
2024 2023
£    £   
Support costs 970 1,082

5. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 10,394 11,137

6. TRUSTEES' REMUNERATION AND BENEFITS

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


Trustees' expenses

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


7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 14,508

Other trading activities 113,732
Investment income 2
Other income 27,024
Total 155,266

EXPENDITURE ON
Raising funds 85,180

THE LOWESTOFT PLAYERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   


Other 44,633
Total 129,813

NET INCOME 25,453


RECONCILIATION OF FUNDS
Total funds brought forward 360,348

TOTAL FUNDS CARRIED FORWARD 385,801

8. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1st August 2023 352,367 97,542 449,909
Additions 5,720 11,337 17,057
At 31st July 2024 358,087 108,879 466,966
DEPRECIATION
At 1st August 2023 76,220 71,375 147,595
Charge for year 6,097 4,297 10,394
At 31st July 2024 82,317 75,672 157,989
NET BOOK VALUE
At 31st July 2024 275,770 33,207 308,977
At 31st July 2023 276,147 26,167 302,314

9. STOCKS
2024 2023
£    £   
Stocks 1,230 1,731


THE LOWESTOFT PLAYERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Production debtors 375 1,025
Production prepayments 1,000 1,000
1,375 2,025

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Production creditors 678 (493 )
Trade creditors 9,626 5,573
Receipts in advance 425 296
Tax 51 51
VAT 10,468 6,207
Other creditors - 1,614
21,248 13,248

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 13) 12,267 18,667

13. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments:
Bank of Scotland loan account 12,267 18,667

14. MOVEMENT IN FUNDS
Net
movement At
At 1.8.23 in funds 31.7.24
£    £    £   
Unrestricted funds
General fund 385,801 14,141 399,942

TOTAL FUNDS 385,801 14,141 399,942

THE LOWESTOFT PLAYERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

14. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 165,074 (150,933 ) 14,141

TOTAL FUNDS 165,074 (150,933 ) 14,141


Comparatives for movement in funds

Net
movement At
At 1.8.22 in funds 31.7.23
£    £    £   
Unrestricted funds
General fund 360,348 25,453 385,801

TOTAL FUNDS 360,348 25,453 385,801

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 155,266 (129,813 ) 25,453

TOTAL FUNDS 155,266 (129,813 ) 25,453

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

Net
movement At
At 1.8.22 in funds 31.7.24
£    £    £   
Unrestricted funds
General fund 360,348 39,594 399,942

TOTAL FUNDS 360,348 39,594 399,942

THE LOWESTOFT PLAYERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2024

14. 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 320,340 (280,746 ) 39,594

TOTAL FUNDS 320,340 (280,746 ) 39,594

15. RELATED PARTY DISCLOSURES

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