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 2024 for Summerseat Players Limited
Mosley & Co 14 Market Place Ramsbottom Bury
Summerseat Players Limited
Lancashire BL0 9HT
Contents of the Financial Statements for the Year Ended 30 June 2024
| 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 2024
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 2024. 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 P Larkin R W H Marley R Sallin G B Sword S P Davies Mrs E Morris
Company Secretary
Independent Examiner
Neil Chamberlain Mosley & Co 14 Market Place Ramsbottom Bury Lancashire BL0 9HT
Page 1
Summerseat Players Limited
Approved by order of the board of trustees on 21 October 2024 and signed on its behalf by: Report of the Trustees for the
Year Ended 30 June 2024 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 2024.
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
Page 3
Summerseat Players Limited Lancashire BL0 9HT
21 October 2024
Page 4
Summerseat Players Limited
Statement of Financial Activities for the Year Ended 30 June 2024
| Statement of Financial Activities for the Year Ended 30 June 2024 |
|||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | 30.6.24 | 30.6.23 | |||||
| fund | Restricted | Total | Total | ||||
| £ | funds | funds | funds | ||||
| INCOME AND ENDOWMENTS FROM Donations and legacies |
Notes 2 |
113,158 6,533 |
£ | £ 113,158 |
£ 101,139 |
||
| Investment income | 119,691 | - | 6,533 | 5,930 | |||
| Total | - | 119,691 | 107,069 | ||||
| - | |||||||
| EXPENDITURE ON Raising funds |
33,031 | 33,031 | 29,902 | ||||
| 81,476 | - | ||||||
| Other | 114,507 | 81,476 | 106,728 | ||||
| Total | - | 114,507 | 136,630 | ||||
| - | |||||||
| NET INCOME/(EXPENDITURE) | 5,184 | - | 5,184 | (29,561) | |||
| RECONCILIATION OF FUNDS | |||||||
| Total funds brought forward | 793,658 | 20,000 | 813,658 | 843,219 | |||
| TOTAL FUNDS CARRIED FORWARD | 798,842 |
20,000 | 818,842 813,658 |
||||
| Statement of Financial Position 30 June 2024 | |||||||
| 30.6.24 | 30.6.23 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| fund | funds | funds | funds | ||||
| Notes | £ | £ | £ | £ | |||
| FIXED ASSETS | |||||||
| Tangible assets | 7 | 658,864 | - | 658,864 | 671,586 | ||
| CURRENT ASSETS | |||||||
| Stocks | 8 | 3,323 | - | 3,323 | 2,424 | ||
| Debtors | 9 | 730 | - | 730 | 20,400 | ||
| Cash at bank and in hand | 138,007 | 20,000 | 158,007 | 122,548 | |||
| 10 | 142,060 | 20,000 | 162,060 | 145,372 | |||
| CREDITORS | |||||||
| Amounts falling due within one year | (2,082) | - | (2,082) | (3,300) | |||
| 139,978 | 20,000 | 159,978 | 142,072 | ||||
| NET CURRENT ASSETS |
The notes form part of these financial statements
Page 5
Summerseat Players Limited
| TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
798,842 798,842 |
20,000 20,000 |
818,842 798,842 20,000 818,842 818,842 |
813,658 793,658 20,000 813,658 813,658 |
|
|---|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.
continued...
Statement of Financial Position - continued 30 June 2024
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 21 October 2024 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 2024
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 2024
2. INVESTMENT INCOME
| 2. | INVESTMENT INCOME | ||
|---|---|---|---|
| 30.6.24 | 30.6.23 | ||
| £ | £ | ||
| 4,680 | 4,680 | ||
| Rents received | 1,853 | 1,250 | |
| Deposit account interest | |||
| 6,533 | 5,930 | ||
| 3. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 30.6.24 | 30.6.23 | ||
| £ | £ | ||
| Depreciation - owned assets | 26,774 | 30,416 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2024 nor for the year ended 30 June 2023.
5. STAFF COSTS
The average number of employees for the year was nil (2023 - nil).
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Restricted | Total | |
|---|---|---|---|---|
| fund | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | 81,139 | 20,000 | 101,139 | |
| Donations and legacies | ||||
| 5,930 | - | 5,930 | ||
| Investment income | ||||
| 87,069 | 20,000 | 107,069 | ||
| Total | ||||
| EXPENDITURE ON | ||||
| Raising funds | 29,902 | - | 29,902 | |
| Other | 106,728 | - | 106,728 |
Page 8
continued...
Summerseat Players Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2024
| Total | 136,630 | - | 136,630 | ||
|---|---|---|---|---|---|
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | ||||
| Unrestricted | Restricted | Total fund | |||
| funds funds | |||||
| £ | £ | £ | |||
| NET INCOME/(EXPENDITURE) | (49,561) | 20,000 | (29,561) | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 843,219 | - | 843,219 | ||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 793,658 | 20,000 | 813,658 | ||
| 7. | TANGIBLE FIXED ASSETS | Freehold | Fixtures | Totals | |
| property | and | £ | |||
| £ | fittings | ||||
| £ | 943,988 | ||||
| 580,337 | 14,052 | ||||
| COST | - | 363,651 | |||
| At 1 July 2023 | 14,052 | 958,040 | |||
| Additions | 580,337 | ||||
| 377,703 | |||||
| At 30 June 2024 | 272,402 | ||||
| - | 26,774 | ||||
| DEPRECIATION | - | 272,402 | |||
| At 1 July 2023 Charge for year |
- | 26,774 | 299,176 | ||
| 299,176 | |||||
| At 30 June 2024 | 580,337 | 658,864 | |||
| NET BOOK VALUE At 30 June 2024 |
580,337 | 78,527 | 671,586 | ||
| 91,249 | |||||
| At 30 June 2023 | |||||
| 8. | STOCKS | ||||
| 30.6.24 | 30.6.23 | ||||
| £ | £ | ||||
| Stocks | 3,323 | 2,424 | |||
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 10. | Trade debtors | 30.6.24 | 30.6.23 | ||
| 11. | Other debtors | £ | £ |
Page 9
continued...
Summerseat Players Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2024
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors VAT Other creditors Accrued expenses MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Restricted fund TOTAL FUNDS At 1.7.23 £ 793,658 20,000 813,658 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 119,691 TOTAL FUNDS 119,691 11. MOVEMENT IN FUNDS - continued Comparatives for movement in funds At 1.7.22 £ Unrestricted funds General fund 843,219 |
730 - 30.6.24 £ 171 1,411 - 500 2,082 Net movement in funds £ 5,184 - Resources expended £ (114,507) (114,507) Net movement in funds £ (49,561) 730 5,184 |
- 20,400 20,400 30.6.23 £ 710 1,965 120 505 3,300 At 30.6.24 £ 798,842 20,000 818,842 Movement in funds £ 5,184 At 30.6.23 £ 793,658 5,184 |
|---|---|---|
Page 10
continued...
Summerseat Players Limited
| Notes to the Financial Statements - continued | |||||
|---|---|---|---|---|---|
| for the Year Ended 30 June 2024 | |||||
| Restricted funds | 20,000 | ||||
| Restricted fund | - | 20,000 | |||
| 813,658 | |||||
| TOTAL FUNDS | 843,219 | (29,561) | |||
| Comparative net movement in funds, included in the above are as follows: | |||||
| Movement | |||||
| Incoming Resources resources expended |
in funds £ |
||||
| £ | £ | ||||
| Unrestricted funds | (49,561) | ||||
| General fund | 87,069 | (136,630) | |||
| Restricted funds | 20,000 | ||||
| Restricted fund | 20,000 | - | |||
| (29,561) | |||||
| TOTAL FUNDS | 107,069 | (136,630) | |||
| A current year 12 months and prior year 12 months combined position is as follows: | |||||
| Net | |||||
| movement | At | ||||
| At 1.7.22 | in funds | 30.6.24 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 843,219 | (44,377) | 798,842 | ||
| Restricted funds | |||||
| Restricted fund | - | 20,000 | 20,000 | ||
| TOTAL FUNDS | 843,219 | (24,377) | 818,842 |
Page 11
continued...
Summerseat Players Limited
Notes to the Financial Statements - continued for the Year Ended 30 June 2024
11. MOVEMENT IN FUNDS - continued
| to the Financial Statements - continued e Year Ended 30 June 2024 MOVEMENT IN FUNDS - continued |
to the Financial Statements - continued e Year Ended 30 June 2024 MOVEMENT IN FUNDS - continued |
||
|---|---|---|---|
| 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 | |
| £ | £ | £ | |
| 206,760 | (251,137) | (44,377) | |
| Unrestricted funds | |||
| General fund | |||
| 20,000 | - | 20,000 | |
| Restricted funds | |||
| Restricted fund | |||
| 226,760 | (251,137) | (24,377) |
TOTAL FUNDS
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2024.
Page 12
Summerseat Players Limited
Detailed Statement of Financial Activities for the Year Ended 30 June 2024
| 30.6.24 INCOME AND ENDOWMENTS Donations and legacies £ Gifts 1 Donations 597 Bar sales 23,867 Grants - Ticket sales 81,395 Membership 4,785 External hire 2,513 Investment income Rents received Deposit account interest 113,158 4,680 1,853 Total incoming resources EXPENDITURE Other trading activities 119,691 Opening stock 2,424 Purchases 19,687 Bar purchases 14,243 Closing stock (3,323) Other 33,031 Ground rent 16 Water rates 1,142 Insurance 7,226 Sundry Expenses 911 Light and heat 16,894 Cleaning and consumables 3,654 Telephone 741 Postage and stationery 585 Repairs and renewals 17,591 Licences 1,562 Advertising 1,174 Carried forward 51,496 This page does not form part of the statutory financial statements 6,533 |
30.6.23 £ (2) 5,496 14,480 20,000 61,165 - - 101,139 4,680 1,250 107,069 2,540 21,188 8,598 (2,424) 29,902 16 974 7,532 762 6,677 2,091 395 249 50,802 146 235 69,879 5,930 |
|---|---|
Page 13
Summerseat Players Limited
Detailed Statement of Financial Activities for the Year Ended 30 June 2024
| Other Brought forward Subscriptions Accountancy Card transaction fees Professional fees Training costs Computer expenses Bank charges Depreciation Total resources expended |
30.6.24 £ 51,496 264 440 1,343 35 - 840 284 ~~26,774~~ 81,476 114,507 5,184 |
30.6.23 £ 69,879 264 (1,354) 1,778 5,121 253 367 4 ~~30,41~~6 106,728 136,630 (29,561) |
|---|---|---|
Page 14
Summerseat Players Limited
Net income/(expenditure)
This page does not form part of the statutory financial statements
Page 15