REGISTERED COMPANY NUMBER: 02555263 (England and Wales) REGISTERED CHARITY NUMBER: 1000931
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 June 2022
for
Summerseat Players Limited
Mosley & Co 14 Market Place Ramsbottom Bury Lancashire BL0 9HT
Summerseat Players Limited
Contents of the Financial Statements for the Year Ended 30 June 2022
| 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 |
| Detailed Statement of Financial Activities | 13 to 14 |
Summerseat Players Limited
Report of the Trustees for the Year Ended 30 June 2022
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 2022. 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).
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
02555263 (England and Wales)
Registered Charity number
1000931
Registered office
Theatre Royal Smithy Street Ramsbottom Bury Lancashire BL0 9AT
Trustees
P C Bracewell Costs Lawyer Mrs I Hill Certified Chartered Accountant P Larkin Retired School Teacher R W H Marley Retired R Sallin Civil Servant G B Sword Retired
Company Secretary
G J M Humphreys
Independent Examiner
Mosley & Co 14 Market Place Ramsbottom Bury Lancashire BL0 9HT
Approved by order of the board of trustees on 17 October 2022 and signed on its behalf by:
Page 1
Summerseat Players Limited
Report of the Trustees for the Year Ended 30 June 2022
Mrs I Hill - Trustee
Page 2
Independent Examiner's Report to the Trustees of Summerseat Players Limited
Independent examiner's report to the trustees of Summerseat Players Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
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
-
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.
Neil Chamberlain Mosley & Co 14 Market Place Ramsbottom Bury Lancashire BL0 9HT
17 October 2022
Page 3
Summerseat Players Limited
Statement of Financial Activities for the Year Ended 30 June 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Investment income 2 Other income Total EXPENDITURE ON Raising funds Other Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 41,959 5,440 3,044 50,443 16,423 87,195 103,618 (53,175) 896,394 843,219 |
Restricted fund £ - - - - - - - - - - |
30.6.22 Total funds £ 41,959 5,440 3,044 50,443 16,423 87,195 103,618 (53,175) 896,394 843,219 |
30.6.21 Total funds £ 22,642 4,704 52,288 |
|---|---|---|---|---|
| 79,634 | ||||
| 766 29,899 |
||||
| 30,665 | ||||
| 48,969 847,425 |
||||
| 896,394 |
The notes form part of these financial statements
Page 4
Summerseat Players Limited
Statement of Financial Position 30 June 2022
| Unrestricted Restricted fund fund Notes £ £ FIXED ASSETS Tangible assets 7 610,370 - CURRENT ASSETS Stocks 8 2,540 - Debtors 9 2,220 - Cash at bank and in hand 234,529 - 239,289 - CREDITORS Amounts falling due within one year 10 (6,440) - NET CURRENT ASSETS 232,849 - TOTAL ASSETS LESS CURRENT LIABILITIES 843,219 - NET ASSETS 843,219 - FUNDS 11 Unrestricted funds TOTAL FUNDS |
30.6.22 Total funds £ 610,370 2,540 2,220 234,529 239,289 (6,440) 232,849 843,219 843,219 843,219 843,219 |
30.6.21 Total funds £ 597,467 1,810 3,660 298,718 304,188 (5,261) 298,927 896,394 896,394 896,394 896,394 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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 notes form part of these financial statements
Page 5
continued...
Summerseat Players Limited
Statement of Financial Position - continued 30 June 2022
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 17 October 2022 and were signed on its behalf by:
I Hill - Trustee
The notes form part of these financial statements
Page 6
Summerseat Players Limited
Notes to the Financial Statements for the Year Ended 30 June 2022
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.
Fixtures and fittings - 25% 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.
Page 7
continued...
Summerseat Players Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2022
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 30.6.22 | 30.6.21 | |
| £ | £ | |
| Rents received | 4,680 | 4,680 |
| Deposit account interest | 760 | 24 |
| 5,440 | 4,704 |
3.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 30.6.22 | 30.6.21 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 10,010 | 5,710 |
| Surplus on disposal of fixed assets | (20) | (30) |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.
5. STAFF COSTS
The average number of employees for the year was nil (2020 - nil).
6.
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 22,642 - Investment income 4,704 - Other income 52,288 - Total 79,634 - EXPENDITURE ON Raising funds 766 - Other 29,899 - Total 30,665 - |
Total funds £ 22,642 4,704 52,288 |
|---|---|
| 79,634 | |
| 766 29,899 |
|
| 30,665 |
Page 8
continued...
Summerseat Players Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2022
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| fund | fund | funds | ||
| £ | £ | £ | ||
| NET INCOME | 48,969 | - | 48,969 | |
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 847,425 | - | 847,425 | |
| TOTAL FUNDS CARRIED | ||||
| FORWARD | 896,394 | - | 896,394 | |
| 7. | TANGIBLE FIXED ASSETS | |||
| Fixtures | ||||
| Freehold | and | |||
| property | fittings | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 July 2021 | 580,337 | 249,106 | 829,443 | |
| Additions | - | 22,913 | 22,913 | |
| At 30 June 2022 | 580,337 | 272,019 | 852,356 | |
| DEPRECIATION | ||||
| At 1 July 2021 | - | 231,976 | 231,976 | |
| Charge for year | - | 10,010 | 10,010 | |
| At 30 June 2022 | - | 241,986 | 241,986 | |
| NET BOOK VALUE | ||||
| At 30 June 2022 | 580,337 | 30,033 | 610,370 | |
| At 30 June 2021 | 580,337 | 17,130 | 597,467 |
Page 9
continued...
Summerseat Players Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2022
| 8. STOCKS Stocks 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors VAT Other creditors Accrued expenses 11. MOVEMENT IN FUNDS At 1.7.21 £ Unrestricted funds General fund 896,394 TOTAL FUNDS 896,394 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 50,443 TOTAL FUNDS 50,443 |
30.6.22 £ 2,540 30.6.22 £ 400 1,820 2,220 30.6.22 £ 2,437 1,523 120 2,360 6,440 Net movement in funds £ (53,175) (53,175) Resources expended £ (103,618) (103,618) |
30.6.21 £ 1,810 30.6.21 £ 400 3,260 3,660 30.6.21 £ 833 1,983 120 2,325 5,261 At 30.6.22 £ 843,219 843,219 Movement in funds £ (53,175) (53,175) |
|---|---|---|
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continued...
Summerseat Players Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2022
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.7.20 | in funds | 30.6.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 847,425 | 48,969 | 896,394 | |
| TOTAL FUNDS | 847,425 | 48,969 | 896,394 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 79,634 | (30,665) | 48,969 | |
| TOTAL FUNDS | 79,634 | (30,665) | 48,969 | |
| A current year 12 months and prior year 12 months combined position is as follows: | ||||
| Net | ||||
| movement | At | |||
| At 1.7.20 | in funds | 30.6.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 847,425 | (4,206) | 843,219 | |
| TOTAL FUNDS | 847,425 | (4,206) | 843,219 | |
| A current year 12 months and prior year | 12 months combined net movement in fund | |||
| included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 130,077 | (134,283) | (4,206) | |
| TOTAL FUNDS | 130,077 | (134,283) | (4,206) |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Page 11
continued...
Summerseat Players Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2022
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2022.
Page 12
Summerseat Players Limited
Detailed Statement of Financial Activities for the Year Ended 30 June 2022
| INCOME AND ENDOWMENTS Donations and legacies Gifts Donations Bar sales Grants Ticket sales Investment income Rents received Deposit account interest Other income Gain on sale of tangible fixed assets Insurance claim Total incoming resources EXPENDITURE Other trading activities Opening stock Purchases Bar purchases Closing stock Other Ground rent Water rates Insurance Sundry Expenses Light and heat Cleaning and consumables Telephone Carried forward |
30.6.22 £ 1 1,993 6,478 2,667 30,820 41,959 4,680 760 5,440 20 3,024 3,044 50,443 1,810 12,815 4,338 (2,540) 16,423 16 2,097 5,648 1,340 5,920 1,926 376 17,323 |
30.6.21 £ 3 330 227 22,120 (38) 22,642 4,680 24 4,704 30 52,258 52,288 79,634 1,961 518 97 (1,810) 766 16 1,024 4,835 1,201 4,115 1,353 341 12,885 |
|---|---|---|
This page does not form part of the statutory financial statements
Page 13
Summerseat Players Limited
Detailed Statement of Financial Activities for the Year Ended 30 June 2022
| Detailed Statement of Financial Activities for the Year Ended 30 June 2022 |
||
|---|---|---|
| Other Brought forward Postage and stationery Repairs and renewals Licences Advertising Subscriptions Accountancy Card transaction fees Professional fees Training costs Fixtures and fittings Total resources expended Net (expenditure)/income |
30.6.22 £ 17,323 599 56,049 298 201 140 613 1,269 613 80 10,010 87,195 103,618 (53,175) |
30.6.21 £ 12,885 438 8,786 90 111 105 483 1,291 - - 5,710 |
| 29,899 | ||
| 30,665 | ||
| 48,969 |
This page does not form part of the statutory financial statements
Page 14