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REGISTERED COMPANY NUMBER: SC258114 (Scotland)
REGISTERED CHARITY NUMBER: SC019008














Report of the Trustees and

Financial Statements for the Year Ended 30 June 2024

for

Wick Players

Wick Players






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

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 13

Wick Players (Registered number: SC258114)

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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's objects and its principal activity is that of an amateur theatre company promoting and fostering the performing arts. To this end a number of productions and fund raising events are held each year as well as participation in the Scottish Community Drama Association Festivals.

Significant activities
The charity was involved in the SCDA one act drama festivals, successfully making it through the local and divisional finals to the Scottish finals. This year's pantomime, The Snow Queen, was performed in Wick Assembly Rooms in December 2023.

FINANCIAL REVIEW
Principal funding sources
The running costs of the charity are met from the income generated from plays and pantomimes performed before live audiences and membership fees.

Reserves policy
The management committee has examined the charity's requirement for reserves in light of the main risks to the organisation. The unrestricted reserves are necessary to cover approximately 6 months operating expenditure in accordance with good practice.

The charity continues in a sound financial manner but continual review of income and cost resources is ongoing.

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.

The organisation is a charitable company limited by guarantee, incorporated on 23 October 2003 and registered as a charity on 23 October 2003. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees
The directors, as the trustees are known, during the year of review to the date of this report are listed below.

Due to the nature of the charity's work the management committee seek to ensure the needs of the members are appropriately reflected through the diversity of the committee while also ensuring that the more traditional business skills are also represented.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC258114 (Scotland)

Registered Charity number
SC019008


Wick Players (Registered number: SC258114)

Report of the Trustees
for the Year Ended 30 June 2024

Registered office
14/14A Moray Street
Wick
Caithness
KW1 5QF

Trustees
Ms J Szyfelbain
A Bruce (resigned 25.9.24)
J Steven
Ms F Yellop
Ms M C Thomson
J Alexander
Ms D Macleod
Miss G N Alexander
Mrs M B Bruce
Miss K Gunn
S Banks
Miss A E Gunn (appointed 12.6.24)
Miss J B Dunnet (appointed 27.11.24)

Company Secretary
J Alexander

Independent Examiner
Linda Cameron FCCA CTA CA
Reid & Fraser
Chartered Accountants
92 High Street
Wick
Caithness
KW1 4LY

Bankers
The Royal Bank of Scotland PLC
11 Olrig Street
Thurso
KW14 7BL

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 21 March 2025 and signed on its behalf by:





Ms J Szyfelbain - Trustee

Independent Examiner's Report to the Trustees of
Wick Players (Registered number: SC258114)

I report on the accounts for the year ended 30 June 2024 set out on pages four to thirteen.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under Section 44(1)(c) of the Act and to state whether particular matters have come to my attention.

Basis of the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations; and
- to prepare accounts which accord with the accounting records and to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








Linda Cameron FCCA CTA CA
The Institute of Chartered Accountants of Scotland

Reid & Fraser
Chartered Accountants
92 High Street
Wick
Caithness
KW1 4LY

24 March 2025

Wick Players

Statement of Financial Activities
for the Year Ended 30 June 2024

2024 2023
Unrestricted Total
funds funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 3,025 6,135

Charitable activities 5
Charitable activities 15,702 6,830

Other trading activities 3 3,575 -
Investment income 4 515 276
Other income 421 -
Total 23,238 13,241

EXPENDITURE ON
Raising funds 432 -

Charitable activities 6
Charitable activities 23,017 12,369
Support Costs 8,912 3,075

Other 2,562 100
Total 34,923 15,544

NET INCOME/(EXPENDITURE) (11,685 ) (2,303 )


RECONCILIATION OF FUNDS
Total funds brought forward 82,492 84,795

TOTAL FUNDS CARRIED FORWARD 70,807 82,492

Wick Players (Registered number: SC258114)

Balance Sheet
30 June 2024

2024 2023
Unrestricted Total
funds funds
Notes £    £   
FIXED ASSETS
Tangible assets 11 40,006 44,472

CURRENT ASSETS
Cash at bank 33,130 40,584

CREDITORS
Amounts falling due within one year 12 (983 ) (984 )

NET CURRENT ASSETS 32,147 39,600

TOTAL ASSETS LESS CURRENT
LIABILITIES

72,153

84,072

CREDITORS
Amounts falling due after more than one year 13 (1,346 ) (1,580 )

NET ASSETS 70,807 82,492
FUNDS 15
Unrestricted funds 70,807 82,492
TOTAL FUNDS 70,807 82,492

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.


Wick Players (Registered number: SC258114)

Balance Sheet - 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 March 2025 and were signed on its behalf by:





J Szyfelbain - Trustee

Wick Players

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.


Freehold property - 4% straight line
Equipment - 10% reducing balance
Computer equipment - 25% reducing balance

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.

GOVERNMENT GRANTS
Government grants in respect of capital expenditure are credited to a deferred income account and released to the profit and loss account over the useful lives of the relevant assets.

Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.


Wick Players

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

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 663 -
Grants 1,737 5,625
Subscriptions 625 510
3,025 6,135

Grants received, included in the above, are as follows:

2024 2023
£    £   
Energy Savings Trust - 5,625
Dounreay Communities Fund 1,737 -
1,737 5,625

3. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Fundraising events 3,575 -

4. INVESTMENT INCOME
2024 2023
£    £   
Investment Income 515 276

5. INCOME FROM CHARITABLE ACTIVITIES

2024 2023
£    £   
Plays and Pantomimes 15,702 6,830
15,702 6,830


Wick Players

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

6. CHARITABLE ACTIVITIES COSTS

2024 2023
£ £
Expenses of plays and pantomimes 14,981 5,200
Insurance and rates 2,479 2,141
Heat and light 1,052 362
Depreciation 4,505 4,666
23,017 12,369

7. NET INCOME/(EXPENDITURE)

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

2024 2023
£    £   
Depreciation - owned assets 4,506 4,666

8. 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.


9. STAFF COSTS

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

2024 2023
Management (Trustees) 12 11

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

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 6,135

Charitable activities
Charitable activities 6,830

Investment income 276
Total 13,241

EXPENDITURE ON

Wick Players

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

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
funds
£   
Charitable activities
Charitable activities 12,369
Support Costs 3,075

Other 100
Total 15,544

NET INCOME/(EXPENDITURE) (2,303 )


RECONCILIATION OF FUNDS
Total funds brought forward 84,795

TOTAL FUNDS CARRIED FORWARD 82,492

11. TANGIBLE FIXED ASSETS
Freehold Computer
property Equipment equipment Totals
£    £    £    £   
COST
At 1 July 2023 75,221 33,220 42 108,483
Additions - 40 - 40
At 30 June 2024 75,221 33,260 42 108,523
DEPRECIATION
At 1 July 2023 45,666 18,305 40 64,011
Charge for year 3,009 1,495 2 4,506
At 30 June 2024 48,675 19,800 42 68,517
NET BOOK VALUE
At 30 June 2024 26,546 13,460 - 40,006
At 30 June 2023 29,555 14,915 2 44,472


Wick Players

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

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 14) 234 234
Trade creditors 749 750
983 984

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other loans (see note 14) 1,346 1,580

14. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year on demand:
Other loans 234 234
Amounts falling between one and two years:
Other loans - 1-2 years 234 234
Amounts falling due between two and five years:
Other loans - 2-5 years 702 702
Amounts falling due in more than five years:

Repayable by instalments:
Other loans more 5yrs instal 410 644

15. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.7.23 in funds funds 30.6.24
£    £    £    £   
Unrestricted funds
General fund 34,854 (11,685 ) 47,638 70,807
Pre-incorporation surplus 47,638 - (47,638 ) -
82,492 (11,685 ) - 70,807
TOTAL FUNDS 82,492 (11,685 ) - 70,807

Wick Players

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

15. 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 23,238 (34,923 ) (11,685 )

TOTAL FUNDS 23,238 (34,923 ) (11,685 )


Comparatives for movement in funds

Net
movement At
At 1.7.22 in funds 30.6.23
£    £    £   
Unrestricted funds
General fund 37,157 (2,303 ) 34,854
Pre-incorporation surplus 47,638 - 47,638
84,795 (2,303 ) 82,492
TOTAL FUNDS 84,795 (2,303 ) 82,492

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

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 13,241 (15,544 ) (2,303 )

TOTAL FUNDS 13,241 (15,544 ) (2,303 )

16. RELATED PARTY DISCLOSURES

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


Wick Players

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

17. PRE-INCORPORATION SURPLUS

Pre-incorporation surplus is the accumulated surplus of the previous entity prior to incorporation on 23 October 2003. This unrestricted surplus has been transferred to the unrestricted general fund in the year to 30 June 2024.