Registered Charity Number: 1007448 LINDSEY RURAL PLAYERS BROAt>BENT THEATRE WICKENtyY Re¥t5tered CharFty No. 1007448 Presldent= Jiwn BroadbÈr*t Lindse Rural Pla ers Trustees. Annual Re ort and Financial Statements for the ear ended 31 December 2023 Lindse Rural Pla ers Contents of the Trustees, Annual Re ort and Financial Statements for the ear ended 31 December 2023 Page Trustees, Annual Report Independent Examinerfs Report on the Financial Statements Statement of Financia1 Activities Balance Sheet Notes to the Financial Statements 7-11 Appendix- Production Summary 12 Lindse Rural Pla ers Trustees Annual R8 ort for the ear ended 31 December 2023 3. Ob"ectives and Actlvltles The charity's objects are To foster, promote, improve and increase and maintain public interest and education in, and appreciation of, the dramatic arts and in co-related arts as well, by presentation of classical, cultural and educational dramatic works and recitals and by such other {charitable) means as LRP, through the committee, shall determine from time to time., - To encourage and promote the creation of and to arrange for the presentation of new dramatic works and to foster and enhance the art of affording studenl facilities for training and for gaining practical stage experience in all aspects of the production and staging of dramatic and co-related arts., To establish, subsidise, promote and co-operate with any association, society or other body whose objects are together similar to the objects of LRP., To do all such other things as are incidental to or which LRP by its committee may think are conducive to the attainrnent of any ofthe above objects and including without prejudice to the generality of the foregoing to obtain and renew as required such licences as may from time to time be required by or under the Theatres Act 1968 for any premises occupied by LRP and to comply with the provisions of the Copyright Act of 1956 and with opportunity for social intercourse and recreation pursuits for local people. The charity's activities are To stage its own amateur products'ons - To stage productions by professional touring companies. - To run a youth theatre To promote fund-raising activities, for example the annual garden fete 4. Achievements and Performance The charity's main achievements for the year are detailed in the Chairman's report and attached to these Statements. 5. Financial Review The charity made a profit of £2,659, but taking into account the £350 grant, it actually made a profit of £2,309. Reserves policy The charity aims to hold sufficient reserves to meet their objectives for a ￿e1ve month period. Going concern The financial statements have been prepared on the going con￿￿ basis as the trustees believe that no material Un￿rtaIntieS exisL The Trustees have considered the level of funds held and the expected level of income and expenditure for twelve months from authorising these financial statements. The budgeted level of income and expenditure is sufficient with the level of reserves for the charity to continue as a going concern. 6. Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees David Stacey Chairperson Mike Martin Interim Treasurer Date 2É1041L, Page 2 Llndse Rural Pla ers Trustees Annual Re ort for the ear ended 31 December 2023 1. ReferenGe and Admlnlstration Details Registered Charity Number 1007448 Charity's Principal Address Eroadbent Theatre Wickenby LN3 SAW Property Trustees Timothy Bradford Trevor Minnett Charlotte Broughton Gail Dennis Management Committee David Stacey Gail Dennis Mike Martin (Interim) Paul Adams {Interim) Kerry James James Hewson Storme Eddowes lan Rushby James Hewson Anzenna Warren Chairperson Secretary Treasurer Independent Examiners Stanbridge Associates Limited 7 Lindum Terrace Lincoln LN2 5RP Bankers Barclays Bank PLC City offi￿ Park Tritton Road Lincoln 2. Structure Govemance and Mana ement The charity's governing document is the LRP Constitution (As amended 8th May 2023)" The charity is constituted as a charitable trust. Trustees are appointed or reappointed annually at the Annual General Meeting. Lindsey Rural Players is a member of the Little Theatre Guild All trustees give their time voluntarily and receive no remuneration or other benefits. Page 1 Lindse Rural Pla ers Inde endent Examine￿$ Re ort on the Financial Statements Report to the trustees and members of Lindsey Rural Players (Registered Charity Number 1007448) on the financial statements for the year ended 31 December 2023 set out on pages 5 to 10. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(1) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act., to follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5)(b) of the 2011 Act- and - to state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordan￿ with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, snd the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention.. (1) which gives me reasonable cause to believe that in any material respect the requirements.. - to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met., or {2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mark Greenway FCCA Stanbridge Associates Limited 7 Lindum Terrace Lincoln LN2 5RP Date 25 April 2024 Page 4 Llndse Rural Pla er5 Statement of Flnancial A¢tivltles for the ear ended 31 Decemb r 2023 Totsl This Year Totsl Last Year Restricted Funds Unrestricted Funds Note Incomln resources Incoming resources from generated funds Voluntary income 5,330 5,330 3,854 Activities for generating funds 7,761 7,761 3,832 Investment income Incoming resourtts from charitable activitie8 30,186 30.186 16,615 other incoming ￿$oUr￿S 1,090 1,090 46 TOTAL INCOMING RESOURCES 44,378 44,378 24,255 Resources ex ended Costs of generating funds Gosts of generating voluntsry income Fundraising trading costs 3,711 3,711 1.156 Investment managemenl ¢osts Charitable activities 36.001 38,001 19,905 GovernanTr costs 2.007 2,007 168 (Xher resour￿5 expended TOTAL RESOURCES EXPENDED 41,719 41.719 21.229 NET INCOMING RESOURCES 2,659 2,659 3,026 Total Funds brought forward 120,997 120,997 117.971 Totsl Funds carried forward 123 656 123,656 120,997 Page 5 Lindse Rural Pla ers Balance Sheet as at 31 December 2023 Total This Year Total Last Year Unrestricted Funds Note 12 Flxed Assets Tangible fixed assets 88,225 88,225 88.002 Current Assets Stod( 309 309 258 Debtors Cash at bank and in hand 36,019 36,019 32,920 Total current assets 36,328 36,328 33,178 Creditors: Amounts falling due within one year 897 897 183 Provisions Net Current Assets 35,431 35,431 32.995 Net Assets 123,656 123,656 120,997 Funds of tho charity Unrestricted funds 10 123,656 123.656 120,997 Signed on behalf of the charity's trustees David Stacey Chairperson Date 2glo4•lio14 Page 6 Lindse Rural Pla ers Notes to the Flnancial Sts nts for the ear en 31 December 23 1. Basis of Pre aratlon The finanual statemenls of the charity, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP IFRS102) '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 (FRS102) (effective 1 January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The finanaal statements have been prepared under the historical cost c£Jnvention. 2. Accountin Policies Incomin Resources Recognition of incoming resour¢es These are included in the Statement of Financial Activities {SoFAI when.. the charity becomes entitled to the resources,. the trustees are virtually ￿rtain they will receive the resources., and the monetary value can be measured wilh sufficient reliability. Incomlng resources with related expenditure Where incoming resources have related expenditure {as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA. Grant8 and donations Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resourtss. Contractual Income and perforniance relatsd grants This is only included in the SOFA On￿ the related goods or SeThI￿ have been delivered. Glfts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribuiion are included in the financial statements only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resour￿8 when r￿1vable. Donated services and facilities These are only included in incoming reSoUr￿S (with an equivalent amount in resources expended} where the benefit to the charity is reasonably quantiffiable, measurable and material. The value placed on these reSoUr￿S is the estimated value to the charity of the service or facility received. Voluntary help The value of any voluntary help re￿iVed is not included in the financial statements but is described in the Trustees, Annual Report. Invastment income This is induded in the financial ststements when receivable. enditure and Liabilities Liablllty recognltlon Liabilities are recognised as soon as there is a legal or constructive obligation committing the chaTrty to pay out resources. Governance costs Include costs of the preparation and examination of statLrtory financial statements, the costs of Trustees, meetings, costs of OBS checks for Trustees and cost of any le9al advi￿ to Trustees on 90Vernan￿ or constitution81 matters. Page 7 Llndse Rural Pla ers Notes to the Financial Statements for the ear ended 31 December 2023 2. Accountin Pollcles continued Assets Tangible fixed assets for use by charity These are capitalised if they can be used for more than one year, and cost at least £100. They are valued at cost or, if gifted, at the value to the charity on receipt. Depreciation is applied to Fixtures and Fittings on a reducing balance basis, at 250A per annum. Depreciation is applied to Equipment on a straight line bas15, over a useful life of 10 years. Stocks These are valued at the lower of cost or net realisable value, on a First In First Out (FIFO} basis. 3. Trustees. remuneration and benefits There were no trustees, remuneration or other benefits for the year ended 31 De￿mber 2023 nor for the year ended 31 De￿mber 2022. Trustees, expenses During the year ended 31 December 2023 trustees expenses were reimbursed for £O.0012022.' £0.00). 4. Anal sis of Incomin Resources This Year Last Year Voluntary income Grants re￿iVed 350 2,667 Subscriptions 1,086 Donations 3,376 101 5,330 3,854 Activlties for generating funds Bar and I￿ cream sales 7,761 3,570 Fundraising 262 Advertising 7,761 3.832 Investment income Bank interest 11 11 Incoming resources from charltable activities Lindsey Rural Players, productions 15,545 6,320 Lindsey Rural Players, Film Nights Theatre hire 917 205 Professional louring productions Youth theatre 11,523 9,232 1,996 1,063 30.186 16,615 Other Incoming Resources Other Income 1,090 1,090 Page 8 Lindse Rural Pla ers Notes to the Financial Statements for the ear ended 31 December 2023 5. Anal sis of Resources Ex ended This Year Last Year Fundraislng trading costs Bar and ice cream Purchases 3,711 1,156 Fundraising Costs 3,711 1,156 Costs of charitable activities Lindsey Rural Players, productions 3,494 1,084 Lindsey Rural Players, Film Nights 565 Professional touring productions 9,656 5,951 Youth Theatre 2,782 651 Broadbent Singers Charitable Donations Premises expenses".- Rates and water rates 401 320 Repairs and maintenance 3,831 886 Light and heat 3,051 1,026 Insurance 1,383 1,506 Cleaning 1,245 1,206 Equipment repairs 3,334 351 Licences 70 70 Hire Telephone 71 26 Internet 180 Stationery and postsge 105 21 Advertising 223 100 First Aid Training Scenery storage Subscriptions 105 668 Sundry Expenses 692 188 Depreciation 4,993 5,671 Impairment Page 9 36,001 19,905 Page 9 Lindse Rural Pla ers Notès to the Financlal Statements f r ended 31 Decembèr 2023 5. Anal sis of Resources Ex ended cont. This Yèar Last Year Governan￿ costs Legal expenses 1,507 Independent examiners, fees 500 168 2,007 168 6. Tan ible Fixed Assets Freehold Land and Buildings Fixtures Equlpmgnt Total Fittings Cost orvaluation As at 1 January 72,932 33.601 8,725 115,257 Additions 5,215 5,215 Salès AS at 31 December 72,932 33.601 13,940 120,473 Accumulated Depreciation As at 1 January -19206 8,049 27,255 Charg8 for the year -3599 - 1.394 4.993 Impairment On sales As at 31 December -22805 - 9,443 32,248 Net Book Value As at 31 December 2023 72,932 10796 4,497 88,225 As at 31 December 2022 72.932 14395 675 88.002 This Year Last Year Restated 7. Debtors Debtors P￿paYrnents Thi¥ Year Last Year 8. Creditors Creditors 897 168 Accruals Deferred Income 15 97 183 Page 10 Lindse Rural Pla ers Notes to the Financial tatsments for the ear endod 31 De¢ember 2023 Thls Year Last Year 9. Provlslons Provision for Bad Debt Provision has been made for debts outstanding for over 12 months. 10. Movement In funds Atl.1.23 Income Expendlture At 31.12.23 Rgstricted funds Remembrance grant Unrestricted funds General funds 120.997 44,378 41,719 123.656 Total funds 120,997 44.378 41.719 123,656 11. Related paty disclosures There were no related paty transactions for the year ended 31 De￿rnber 2023. Page11