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COMPANY REGISTRATION NUMBER: 02074376
CHARITY REGISTRATION NUMBER: 296787
Brighton LittleTheatre Company Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 August 2024
Brighton LittleTheatre Company Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 August 2024
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
5
Statement of financial activities (including income and expenditure account)
7
Statement of financial position
8
Notes to the financial statements
10
Brighton LittleTheatre Company Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 August 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 August 2024 .
Reference and administrative details
Registered charity name
Brighton LittleTheatre Company Limited
Charity registration number
296787
Company registration number
02074376
Principal office and registered
9 Clarence Gardens
office
Brighton
BN1 2EG
The trustees
Mr L M Ward (Trustee and Director)
Miss L B Thaxter (Trustee and Director)
Mr S Adams (Company Secretary)
Mr G Wicks (Non-Executive Trustee)
None of the committee has any beneficial interest in the company. Each of the committee are members of the company and guarantee to contribute £1 in the event of a winding up.
Independent examiner
Mr C Kyffin-Walton
Structure, governance and management
Governing document
The charity is controlled by its governing document, a deed of trust and is constituted as a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational structure
An elected committee of seven people run the company. There are three executive members: Chair, Treasurer and Company Secretary. The executive members hold office for a year from the date of the AGM. Members wishing to stand for election as an executive member must be nominated and seconded by other members. Existing executive committee members can stand for re-election. If more than one person stands for any position, a ballot of members is held.
There are four ordinary members who are elected for a period of two years. At the end of their two year term they may stand again for a further two year term. If more than two people stand, a ballot of members is held. All people wishing to stand must be proposed and seconded by other members and have been members for twelve months. All nominations for posts must be received at least five weeks before the commencement of the meeting.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that adequate controls are in place to provide reasonable assurance against fraud and error.
The Committee has assessed the major risks to which the company is exposed and is satisfied that systems are in place to mitigate exposure to major risks.
Public benefit
In shaping our objectives and planning our activities for the year, the Trustees have given consideration to the duties set out in Section 17(5) of the Charities Act 2011 to have due regard to public benefit. In particular, the Trustees have considered how the planned activities will contribute to the overall aims and objectives they have set.
The Trustees believe that the following paragraphs, specifically on the "Objectives and Activities" and"Achievements and Performance" for the year, relate in detail the benefit the charity provides to the public.
Objectives and activities
Objectives and aims
The Company's aims are to contribute to the cultural life of the community and to provide opportunities for interested people to enhance and improve their skills and knowledge in all aspects of theatrical performance including backstage and technical work. The policies adopted in furtherance of these objectives are consultation, openness and the valuing of all members' contributions. There has been no change in this during the year.
The charity's main activity is the putting on and performing of plays. It also provides teaching and learning facilities for children and young people and stages performances by them.It also provides training opportunities for members and bursaries to members attending suitable external courses.
Achievements and performance
Charitable activities
The Company staged 13 (2023 - 14) productions during the financial year.
Two plays were staged at Brighton Open Air Theatre.
One play was staged at The Minack Theatre, Cornwall.
Financial review
Reserves policy
The Company continues to maintain unrestricted funds of at least £15,000 expenditure so that, should it experience a significant drop in funding, it can maintain its activities.
Financial performance
A summary of the results compared with last year is as follows:
2024
2023
£
£
BLT production surpluses
34,042
20,977
Minack production surplus
18,443
Sealife Centre production surplus
2,416
B O A T production surplus
6,984
5,096
Donations
1,776
1,666
Subscriptions, bar and other net income
14,749
13,617
---------
---------
75,994
43,772
Overheads
25,235
23,421
Repairs
5,851
3,198
Depreciation
6,433
6,109
---------
---------
38,475
11,044
---------
---------
Average costs per production
Total
Average per production excluding Minack
Average per production including Minack
£
£
£
Season 2023/24
(13 productions)
Income
94,916
4,953
7,301
Costs
35,447
1,534
2,727
Surplus
59,469
3,419
4,575
Season 2022/23
(14 productions)
Income
54,639
3,903
3,903
Costs
26,150
1,868
1,868
Surplus
28,489
2,035
2,035
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 22 May 2025 and signed on behalf of the board of trustees by:
Mr L M Ward (Trustee and Director)
Trustee
Brighton LittleTheatre Company Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Brighton LittleTheatre Company Limited
Year ended 31 August 2024
I report to the trustees on my examination of the financial statements of Brighton LittleTheatre Company Limited ('the charity') for the year ended 31 August 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the 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 charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements 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 financial statements 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.
Mr C Kyffin-Walton Independent Examiner
UHY Hacker Young (S.E.) Ltd
168 Church Road
Hove
East Sussex
BN3 2DL
22 May 2025
Brighton LittleTheatre Company Limited
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 August 2024
2024
2023
Unrestricted funds
Total funds
Total funds
Note
£
£
£
Income and endowments
Charitable activities
5
120,730
120,730
77,555
----------
----------
---------
Total income
120,730
120,730
77,555
----------
----------
---------
Expenditure
Expenditure on charitable activities
6,7
82,255
82,255
66,511
----------
----------
---------
Total expenditure
82,255
82,255
66,511
----------
----------
---------
----------
----------
---------
Net income and net movement in funds
38,475
38,475
11,044
----------
----------
---------
Reconciliation of funds
Total funds brought forward
475,117
475,117
464,073
----------
----------
----------
Total funds carried forward
513,592
513,592
475,117
----------
----------
----------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Brighton LittleTheatre Company Limited
Company Limited by Guarantee
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible fixed assets
11
273,321
266,084
Current assets
Stocks
12
1,753
1,752
Debtors
13
12,202
15,795
Cash at bank and in hand
229,888
193,456
----------
----------
243,843
211,003
Creditors: amounts falling due within one year
14
3,572
1,970
----------
----------
Net current assets
240,271
209,033
----------
----------
Total assets less current liabilities
513,592
475,117
----------
----------
Net assets
513,592
475,117
----------
----------
Funds of the charity
Unrestricted funds
513,592
475,117
----------
----------
Total charity funds
15
513,592
475,117
----------
----------
For the year ending 31 August 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Brighton LittleTheatre Company Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of trustees and authorised for issue on 22 May 2025 , and are signed on behalf of the board by:
Miss L B Thaxter (Trustee and Director)
Trustee
Brighton LittleTheatre Company Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 9 Clarence Gardens, Brighton, BN1 2EG.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the trustees.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No significant judgements have had to be made by the directors in preparing these financial statements.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
4. Limited by guarantee
In the event of the company being wound up, each member, who is a member of the committee at that time, has undertaken to contribute £1.
5. Charitable activities
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Theatrical productions
94,916
94,916
54,639
54,639
Bar Income
20,111
20,111
17,523
17,523
Costume Hire
60
60
52
52
Subscriptions: Friends membership
30
30
35
35
Subscriptions: Full membership
3,213
3,213
3,195
3,195
Photos Income
624
624
410
410
Donations and legacies: General Brick By Brick
1,119
1,119
471
471
Donations and legacies: Patti Cards
69
69
Donations and legacies: Programme Donations
588
588
750
750
Donations and legacies: Other
326
326
Other Fundraising
119
119
Seat Plaques
35
35
----------
----------
---------
---------
120,730
120,730
77,555
77,555
----------
----------
---------
---------
6. Expenditure on charitable activities by fund type
Unrestricted Funds
Total Funds 2024
Unrestricted Funds
Total Funds 2023
£
£
£
£
Theatrical productions
37,766
37,766
27,012
27,012
Bar
9,289
9,289
7,633
7,633
Support costs
35,200
35,200
31,866
31,866
---------
---------
---------
---------
82,255
82,255
66,511
66,511
---------
---------
---------
---------
7. Expenditure on charitable activities by activity type
Activities undertaken directly
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
Theatrical productions
37,766
37,766
27,012
Bar
9,289
9,289
7,633
Support costs
32,927
32,927
29,434
Governance costs
2,273
2,273
2,432
---------
---------
---------
---------
47,055
35,200
82,255
66,511
---------
---------
---------
---------
8. Analysis of support costs
Theatrical productions
Bar
Total 2024
Total 2023
£
£
£
£
Premises
9,935
2,484
12,419
10,439
Communications and IT
1,251
313
1,564
1,497
General office
1,817
320
2,137
1,709
Insurance
2,580
645
3,225
3,784
Advertising
5,720
1,430
7,150
5,895
Depreciation
5,146
1,287
6,433
6,110
---------
-------
---------
---------
26,449
6,479
32,928
29,434
---------
-------
---------
---------
9. Independent examination fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
960
1,140
----
-------
10. Trustee remuneration and expenses
There were no trustees remuneration or other benefits for the years ended 31 August 2024 or 31 August 2023.
There were no trustees expenses for the years ended 31 August 2024 or 31 August 2023.
11. Tangible fixed assets
Freehold property
Plant and machinery
Fixtures and fittings
Equipment
Total
£
£
£
£
£
Cost
At 1 September 2023
60,000
171,591
159,736
190
391,517
Additions
5,635
7,641
394
13,670
---------
----------
----------
----
----------
At 31 August 2024
60,000
177,226
167,377
584
405,187
---------
----------
----------
----
----------
Depreciation
At 1 September 2023
125,385
48
125,433
Charge for the year
6,299
134
6,433
---------
----------
----------
----
----------
At 31 August 2024
131,684
182
131,866
---------
----------
----------
----
----------
Carrying amount
At 31 August 2024
60,000
177,226
35,693
402
273,321
---------
----------
----------
----
----------
At 31 August 2023
60,000
171,591
34,351
142
266,084
---------
----------
----------
----
----------
12. Stocks
2024
2023
£
£
Raw materials and consumables
1,753
1,752
-------
-------
13. Debtors
2024
2023
£
£
Trade debtors
65
Prepayments and accrued income
12,152
10,451
Other debtors
50
5,279
---------
---------
12,202
15,795
---------
---------
14. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
66
1,168
Accruals and deferred income
3,506
802
-------
-------
3,572
1,970
-------
-------
15. Analysis of charitable funds
Unrestricted funds
At 1 September 2023
Income
Expenditure
At 31 August 2024
£
£
£
£
General funds
475,117
120,730
(82,255)
513,592
----------
----------
---------
----------
At 1 September 2022
Income
Expenditure
At 31 August 2023
£
£
£
£
General funds
464,073
77,555
(66,511)
475,117
----------
---------
---------
----------
16. Analysis of net assets between funds
Unrestricted Funds
Total Funds 2024
£
£
Tangible fixed assets
273,321
273,321
Current assets
243,843
243,843
Creditors less than 1 year
(3,572)
(3,572)
----------
----------
Net assets
513,592
513,592
----------
----------
Unrestricted Funds
Total Funds 2023
£
£
Tangible fixed assets
266,084
266,084
Current assets
211,004
211,004
Creditors less than 1 year
(1,971)
(1,971)
----------
----------
Net assets
475,117
475,117
----------
----------