**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: 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. 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