2023-06-30-accounts - Summerseat Players Limited

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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 2023

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 2023

	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 2023

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 2023. 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 Mrs I Hill (resigned 27.11.22) P Larkin R W H Marley R Sallin G B Sword S P Davies (appointed 27.11.22) Mrs E Morris (appointed 27.11.22)

Company Secretary

G J M Humphreys

Independent Examiner

Neil Chamberlain Mosley & Co 14 Market Place Ramsbottom Bury Lancashire BL0 9HT

Approved by order of the board of trustees on 12 September 2023 and signed on its behalf by:

Page 1

Summerseat Players Limited

Report of the Trustees for the Year Ended 30 June 2023

Mrs E Morris - 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 2023.

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

12 September 2023

Page 3

Summerseat Players Limited

Statement of Financial Activities for the Year Ended 30 June 2023

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 £ 81,139 5,930 - 87,069 29,902 106,728 136,630 (49,561) 843,219 793,658	Restricted funds £ 20,000 - - 20,000 - - - 20,000 - 20,000	30.6.23 Total funds £ 101,139 5,930 - 107,069 29,902 106,728 136,630 (29,561) 843,219 813,658	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

The notes form part of these financial statements

Page 4

Summerseat Players Limited

Statement of Financial Position 30 June 2023

Unrestricted Restricted fund funds Notes £ £ FIXED ASSETS Tangible assets 7 671,586 - CURRENT ASSETS Stocks 8 2,424 - Debtors 9 400 20,000 Cash at bank and in hand 122,548 - 125,372 20,000 CREDITORS Amounts falling due within one year 10 (3,300) - NET CURRENT ASSETS 122,072 20,000 TOTAL ASSETS LESS CURRENT LIABILITIES 793,658 20,000 NET ASSETS 793,658 20,000 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS	30.6.23 Total funds £ 671,586 2,424 20,400 122,548 145,372 (3,300) 142,072 813,658 813,658 793,658 20,000 813,658	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

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 2023

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 12 September 2023 and were signed on its behalf by:

E Morris - 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 2023

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 2023

2. INVESTMENT INCOME

INVESTMENT INCOME
	30.6.23	30.6.22
	£	£
Rents received	4,680	4,680
Deposit account interest	1,250	760
	5,930	5,440
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
	30.6.23	30.6.22
	£	£
Depreciation - owned assets	30,416	10,010
Surplus on disposal of fixed assets	-	(20)

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022.

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 funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 41,959 - Investment income 5,440 - Other income 3,044 - Total 50,443 - EXPENDITURE ON Raising funds 16,423 - Other 87,195 - Total 103,618 -	Total funds £ 41,959 5,440 3,044
	50,443
	16,423 87,195
	103,618

Page 8

continued...

Summerseat Players Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2023

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	funds	funds
		£	£	£
	NET INCOME/(EXPENDITURE)	(53,175)	-	(53,175)
	RECONCILIATION OF FUNDS
	Total funds brought forward	896,394	-	896,394
	TOTAL FUNDS CARRIED
	FORWARD	843,219	-	843,219
7.	TANGIBLE FIXED ASSETS
			Fixtures
		Freehold	and
		property	fittings	Totals
		£	£	£
	COST
	At 1 July 2022	580,337	272,019	852,356
	Additions	-	91,632	91,632
	At 30 June 2023	580,337	363,651	943,988
	DEPRECIATION
	At 1 July 2022	-	241,986	241,986
	Charge for year	-	30,416	30,416
	At 30 June 2023	-	272,402	272,402
	NET BOOK VALUE
	At 30 June 2023	580,337	91,249	671,586
	At 30 June 2022	580,337	30,033	610,370

Page 9

continued...

Summerseat Players Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2023

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 1.7.22 £ Unrestricted funds General fund 843,219 Restricted funds Restricted fund - TOTAL FUNDS 843,219	30.6.23 £ 2,424 30.6.23 £ 20,400 - 20,400 30.6.23 £ 710 1,965 120 505 3,300 Net movement in funds £ (49,561) 20,000 (29,561)	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 At 30.6.23 £ 793,658 20,000	30.6.22 £ 2,540 30.6.22 £ 400 1,820
			2,220
		813,658

Page 10

continued...

Summerseat Players Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2023

11. MOVEMENT IN FUNDS - continued

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

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
87,069
(136,630)
Restricted funds
Restricted fund
20,000
-
TOTAL FUNDS
107,069
(136,630)
Comparatives for movement in funds
Net
movement
At 1.7.21
in funds
£
£
Unrestricted funds
General fund
896,394
(53,175)
TOTAL FUNDS
896,394
(53,175)
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
50,443
(103,618)
TOTAL FUNDS
50,443
(103,618)

Movement
in funds
£
(49,561)
20,000
(29,561)
At
30.6.22
£
843,219
843,219
Movement
in funds
£
(53,175)
(53,175)

Page 11

continued...

Summerseat Players Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2023

11. MOVEMENT IN FUNDS - continued

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

Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS	At 1.7.21 £ 896,394 - 896,394	Net movement in funds £ (102,736) 20,000 (82,736)	At 30.6.23 £ 793,658 20,000
			813,658

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS	Incoming resources £ 137,512 20,000 157,512	Resources expended £ (240,248) - (240,248)	Movement in funds £ (102,736) 20,000 (82,736)

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2023.

Page 12

Summerseat Players Limited

Detailed Statement of Financial Activities for the Year Ended 30 June 2023

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	30.6.23 £ (2) 5,496 14,480 20,000 61,165 101,139 4,680 1,250 5,930 - - - 107,069 2,540 21,188 8,598 (2,424) 29,902 16 974 7,532 762 6,677 2,091 395 18,447	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

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 2023

Other Brought forward Postage and stationery Repairs and renewals Licences Advertising Subscriptions Accountancy Card transaction fees Professional fees Training costs Computer expenses Bank charges Fixtures and fittings Total resources expended Net expenditure	30.6.23 £ 18,447 249 50,802 146 235 264 (1,354) 1,778 5,121 253 367 4 30,416 106,728 136,630 (29,561)	30.6.22 £ 17,323 599 56,049 298 201 140 613 1,269 613 80 - - 10,010 87,195 103,618 (53,175)

This page does not form part of the statutory financial statements

Page 14