REGISTERED COMPANY NUMBER: 05185107 (England and Wales)

REGISTERED CHARITY NUMBER: 1108426

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

NEW MILLS ART THEATRE LIMITED

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

12

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 March 2025. 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).

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Theatre was hired out on 12 separate occasions during the year for various events, and is used on a weekly basis by a youth theatre group.

In February 2024, a complete overhaul of the stage rigging commenced; this project was completed in 2024/25.

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

05185107 (England and Wales)

Registered Charity number

1108426

Registered office

45 Union Road

New Mills

High Peak

SK22 3EL

Trustees

C Brown

P A Holt

J T Barber

Mrs B J Eaves

D B Thompson

J A Chase

N Peach

Ms C M Bannister

Company Secretary

D C Cooper

Independent Examiner

Timothy J Mourne FCA

Mourne & Co

2 Meadow Close

Whaley Bridge

High Peak

SK23 7BD

Approved by order of the board of trustees on 19 May 2025 and signed on its behalf by:

P A Holt - Trustee

Independent examiner's report to the trustees of New Mills Art Theatre Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

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.

Timothy J Mourne FCA

The Institute of Chartered Accountants in England and Wales

Mourne & Co

2 Meadow Close

Whaley Bridge

High Peak

SK23 7BD

17 September 2025

31/3/25

31/3/24

Unrestricted

Total

fund

funds

Notes

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

35,381

5,264

Charitable activities

Theatre hire

45,165

23,146

Other trading activities

2

42,349

25,878

Investment income

3

1,129

-

Total

124,024

54,288

EXPENDITURE ON

Raising funds

19,157

11,063

Charitable activities

Theatre hire

73,244

60,957

Total

92,401

72,020

NET INCOME/(EXPENDITURE)

31,623

(17,732

)

RECONCILIATION OF FUNDS

Total funds brought forward

525,550

541,237

TOTAL FUNDS CARRIED FORWARD

557,173

523,505

Surplus and Deficit Account 968

Posting discrepancies were found in the reserve accounts listed below. This is because the brought forward postings in the current year are not equal to the figures carried forward by IRIS at the end of last year. Please check your postings in the brought forward account for the surplus and deficit account 968.

Unrestricted

funds

Total funds

£

£

Brought forward - 968/1

525,550

525,550

Carried forward

523,505

523,505

Difference

(2,045

)

(2,045

)

Post to relevant accounts (see ICHA chart of accounts for further details)

31/3/25

31/3/24

Unrestricted

Total

fund

funds

Notes

£

£

FIXED ASSETS

Tangible assets

7

507,416

475,363

CURRENT ASSETS

Stocks

8

3,802

3,516

Debtors

9

7,408

7,507

Cash at bank and in hand

45,153

44,410

56,363

55,433

CREDITORS

Amounts falling due within one year

10

(6,606

)

(7,291

)

NET CURRENT ASSETS

49,757

48,142

TOTAL ASSETS LESS CURRENT LIABILITIES

557,173

523,505

NET ASSETS

557,173

523,505

FUNDS

11

Unrestricted funds

557,173

523,505

TOTAL FUNDS

557,173

523,505

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 19 May 2025 and were signed on its behalf by:

P A Holt - Trustee

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.

Long leasehold

-

2% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

20% on reducing balance, 10% on cost, 5% on cost and Straight line over 15 years

Fixtures and fittings

-

5% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2.	OTHER TRADING ACTIVITIES

31/3/25

31/3/24

£

£

Bar sales

23,669

15,741

Confectionery sales

11,394

4,337

Ice cream sales

6,775

4,880

Sundry receipts

511

848

Coffee machine sales

-

72

42,349

25,878

3.	INVESTMENT INCOME

31/3/25

31/3/24

£

£

Deposit account interest

1,129

-

4.	NET INCOME/(EXPENDITURE)

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

31/3/25

31/3/24

£

£

Depreciation - owned assets

22,634

17,521

Other operating leases

7,150

5,600

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

fund

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

5,264

Charitable activities

Theatre hire

23,146

Other trading activities

25,878

Total

54,288

EXPENDITURE ON

Raising funds

11,063

Charitable activities

Theatre hire

60,957

Total

72,020

NET INCOME/(EXPENDITURE)

(17,732

)

RECONCILIATION OF FUNDS

Total funds brought forward

541,237

TOTAL FUNDS CARRIED FORWARD

523,505

7.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Long

to

property

leasehold

property

£

£

£

COST

At 1 April 2024

-

650,000

32,428

Additions

-

-

49,630

At 31 March 2025

-

650,000

82,058

DEPRECIATION

At 1 April 2024

-

221,000

4,235

Charge for year

13,000

-

6,643

At 31 March 2025

13,000

221,000

10,878

NET BOOK VALUE

At 31 March 2025

(13,000

)

429,000

71,180

At 31 March 2024

-

429,000

28,193

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2024

20,223

10,460

713,111

Additions

4,291

766

54,687

At 31 March 2025

24,514

11,226

767,798

DEPRECIATION

At 1 April 2024

9,191

3,322

237,748

Charge for year

2,167

824

22,634

At 31 March 2025

11,358

4,146

260,382

NET BOOK VALUE

At 31 March 2025

13,156

7,080

507,416

At 31 March 2024

11,032

7,138

475,363

8.

STOCKS

31/3/25

31/3/24

£

£

Stocks

3,802

3,516

9.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

2,585

1,200

Other debtors

1,295

859

VAT

3,528

5,448

7,408

7,507

10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade creditors

376

482

Other creditors

4,147

4,765

Accrued expenses

2,083

2,044

6,606

7,291

11.	MOVEMENT IN FUNDS

Net

movement

At

At 1.4.24

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

525,550

31,623

557,173

TOTAL FUNDS

525,550

31,623

557,173

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

124,024

(92,401

)

31,623

TOTAL FUNDS

124,024

(92,401

)

31,623

Comparatives for movement in funds

Net

movement

At

At 1.4.23

in funds

31.3.24

£

£

£

Unrestricted funds

General fund

541,237

(17,732

)

523,505

TOTAL FUNDS

541,237

(17,732

)

523,505

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

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

54,288

(72,020

)

(17,732

)

TOTAL FUNDS

54,288

(72,020

)

(17,732

)

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

Net

movement

At

At 1.4.23

in funds

31.3.25

£

£

£

Unrestricted funds

General fund

541,237

13,891

555,128

TOTAL FUNDS

541,237

13,891

555,128

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

178,312

(164,421

)

13,891

TOTAL FUNDS

178,312

(164,421

)

13,891

12.	RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.