The trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016)
The charity's objects are to operate a totally inclusive theatre company which specialises in musical theatre encompassing acting, singing, movement, British sign language, confidence, self esteem and wellbeing. The policies adopted in furtherance of these objects are specialising in Musical theatre Education to people from all walks of life. This encompasses acting and acting techniques, singing dance/movement, British Sign Language, confidence and self- esteem building and improving general health and well-being and there has been no change in these during the year.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
LHMTC still maintains a loyal core of cast members and building up our numbers continues to be a challenge. Since we reconvened after the ‘lockdowns’ in 2021, we find ourselves in a similar situation this year, namely, that enquiries concerning membership have not been followed up by those making contact. We have witnessed members ‘coming and going’ and whilst we know it’s the after-effects of the ‘lockdowns’, we move this aside and focus on the positive aspects of our organisation and what we continue to stand for in the community.
We remain resolute that this situation will improve and continue to involve ourselves in community events, as well as hosting our own small events in our rehearsal venue. We had a very successful Christmas Show and have a very good working relationship with the staff of our rehearsal venue.
We have been made aware that many 3rd sector organisations think that we have folded, so it has been part of our mission this year and forwards, to reassure the wider community that we are still very much an active organisation.
Similar to last year, we remain concerned about the rising costs of rent and storage. However, our Christmas
Fundraising and donations from organisations and individuals are helping to keep the ‘roof over our heads’. Funding remains a cause for concern, but as long as we can keep our 'heads above water', we are confident of our survival. We have recently been in contact with a friend who works for a national organisation with regards to funding, so we are pursuing this avenue in order to help sustain our long-term commitments.
L Miles - Trustee
E Butler - Trustee
T Rock (Chair of Trustees)
(no additions or resignations)
LHMTC continues to adapt its two-tier structure (Production and Administration) and remains with a ‘skeleton crew’ which is working well. The ‘procedural demands’ remain small-scale and are well under control and the charity is up-to-date with its policies and financial records.
The trustees' report was approved by the Board of Trustees.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lavender Hill Mob Theatre Company for the year ended 31 March 2025, set out on pages to 13 from the charity’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made to the charity's trustees, as a body, in accordance with the terms of our engagement letter dated 8 November 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Lavender Hill Mob Theatre Company and state those matters that we have agreed to state to the charity's trustees, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lavender Hill Mob Theatre Company and the charity's trustees as a body, for our work or for this report.
It is your duty to ensure that Lavender Hill Mob Theatre Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and deficit of Lavender Hill Mob Theatre Company. You consider that Lavender Hill Mob Theatre Company is exempt from the statutory audit requirement for the year, and is not required to obtain an independent examiner's report.
We have not been instructed to carry out an audit or a review of the financial statements of Lavender Hill Mob Theatre Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Lavender Hill Mob Theatre Company is a private company limited by guarantee incorporated in England and Wales. The registered office is 48 King Street, King's Lynn, Norfolk, PE30 1HE, England.
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006 and “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)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income from grants, whether capital grants or revenue grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.
Income from subscriptions is recognised as paid.
Income from commercial trading activities is recognised as earned (as the related goods and services are provided).
Expenditure is recognised when a liability is incurred. Contractual arrangements and performance related grants are recognised as goods or services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being unavoidable.
Costs of generating funds are those costs incurred in trading activities that raise funds.
Charitable activities are those costs incurred by the charity in meeting its charitable objectives.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with the constitutional and statutory requirements.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Grants receivable
Shows and events
Management and administration
Props, sets & venue hire
Costumes
Fuel & motor expenses
Uniform
None of the trustees (or any persons connected with them) received any remuneration during the year, but T Rock and L Miles were reimbursed a total of £1,200 (2024 - £0) for work undertaken on show productions and community projects during the year.
The average monthly number of employees during the year was:
There is no tax charge for the year.
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
The Little Acorns Community Fund relates to funding for the purchase of assets microphones used within the charity.
The NCF fund relates to funding from the the Sheila Ann Day Fund for a production.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
There were no disclosable related party transactions during the year (2024 - none).