Treasurers Note: There are 12 pages in these accounts but the page numbering is incorrect Lindse Rural Pla Contents of the Trustees. Annual Re ort and Financial Statements forthè ear ended 31 December 2024 Page Trustees, Annual Report Independent Examinerfs Report on the Financial Statements Statement of Financial Activities Balance Sheet Notes to Ihe Financial Statements 7-11 Appendix- Production Summary 12 Llndse Rural Pla 8rs Trustees Annual Re ort for the ear ended 31 December 2024 l. Reference and Admlnlstration Detalls Registered Charity Number 1007448 Charity's Princlpal Address Broadbent Theatre ckenby LN3 SAW Property Trustees Timothy Bradford Trevor Minnett Charlotte Broughton Gail Dennis Management Committee David Stacey Michael Martin Kerry James Ben Harris James Hewson storme Eddowes Paul Adams Natalie Anderton Ruth Hewitt Chairperson Treasurer Secretary Independent Examiners stanbridge Associates Limited 7 Lindum Terrace Lincoln LN2 5RP Bankers BarGlays Bank PLC City Office Park Tritton Road Lincoln 2. Structure Governance and Mana ement The charity's governing document is the "LRP Constitution {As amended 24th April 2016)" The charty is constituted as a charitab5e trust. Trustees are appointed or reappointed annually at the Annu81 General Meeting. Lindsey Rural Players is a member of the Little Theatre Guild I trustees give their time voluntarily and receive no remuneration or other benefits. Page 1 Lindse Rural Pla ers Trustees Annual Re ort for the ear ended 31 December 2024 3. Ob"eGtives and AGtlvltles The charity's objects are To foster, promote, improve and increase and maintain public Inte￿$t 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 detemiine 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 student facilities for training and for gaining practical stage experience in all aspects of the production and staging of dramatic and cfrrelated arts,. To establish, subsidise, promote and co-operate wtth any association, society or other body whose objects are together similar to the objects of LRP., To do all such other things as are incidentsl to or which LRP by its committee may think are conducive to the attainment of any of the 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 charivs activities are - To stage its own amateur productions - To stage produGtions by professional touring companies. To run a youth theatre - To promote ￿nd-raising aclivities, for example the annual garden fete 4. Achievements and Perfonnance The charity's main achievements for the year are detailed in the Chaimian's report and attached to these Statements. 5. Flnanclal Review The charity made a profit of £7,019, but tsking into account the £500 grant. it actually made a profit of £6,519. Reserves policy The charity aim5 to hold sufficient reserves to meet their objectives for a ￿e1ve month period. Golng concern The financial statements have been prepared on the going concem basis as the trustees believe that no materral uncertainties exist. 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 expendilure is sufficient with the level of reserves for the charity to continue as a going concern. 6. Declaratlon The trustees declare that they have approved the trustees. report above. Signed on behalf of the charity's Irustees David Stacey Chairperson James Secretary Michael Martin T￿asurer Date Page 2 Lindse Rural Pla ern Inde endent Examiner's Rè ort on the Financial Statements Report to the trustees and members of Lindsey Rural Players (Registered Charity Number 1007448) on the financial sLitements for the year ended 31 December 2024 set out on pages 5 to 10. Respective responslbillties of trustees and examiner The charity's truste8s 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 AGtI 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 Gome to my attention. Basls of independent examlnerfs report My examination was carried out in accordance 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 lo whether the accounts present a 'true and fair view, and the report is Simited to those matters set out in the statement below. Independent examinerfs 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 Acl 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 111412025 Page 4 Llnds& Rural Pla ers Statem cla Acllvltles for the ear ended 31 December 2024 Totsl Thls Year Total Last Year Restrlcted Funds Unrestricted Funds Note Incomin resources Incoming resources from generated funds Voluntary income 500 3,521 4.021 5,330 ActivibÉs for generating funds 8,017 8,017 7,761 Investment income 41 41 Incoming reSoU￿S from charitable activrties 28,770 28,770 30,186 Other incoming resour￿$ 386 1,090 TOTAL INCOMING RESOURCES 500 41,235 Resources ex ended Gosts of generatlng funds Costs of generating Voluntary income Fundraising trading costs 3.847 3,847 3.711 Investment management costs Charitable activities 29,869 29,869 36,001 Govemance costs 500 500 2,007 Other resources expended TOTAL RESOURCES EXPENDED 34,216 34.216 41,719 NET INCOMING RESOURCES 6.619 7,019 2.669 Total Funds brought forward 123 656 123,656 120.997 Total Funds carried fonvard 130,175 130.675 123,656 Page 5 Lind8e Rural Pla ers Balance Sheet as at 31 Dacomber 2024 Total This Year Total Last Year Unrestricted Funds Note 12 Fixed Assets Tanglble fixad assets 89,679 89,679 88,225 Current Assets stock 380 380 309 Debtors Cash at bank and in hand 41.116 41,116 36,019 Totsl current assets 41,496 41,496 36,328 Crodltors: Amounts falling due wlthin one year 500 500 897 Provlsions Net Curront Assats 40,996 40,996 35,431 Net Assets 130,675 130,675 123,656 Funds of the charity Unrestricted funds 10 130,675 130,675 123,656 Signed on behalf of the charity's trustees David Stacey Chairperson Date Page 6 Lindse Rural Pla Orn Notes t th Flnancial Statements for th• ear ondod 31 Dgcomber 2 1. Bas18 of Pre ration Th8 financial statements of the di￿lty, which is a public benefit entity under FRS102, have been prepared in 8¢¢ordance with the Charities SORP (FRS1021 'Accounting and Reporbng by Charities.. Ststement of Recommended Practice applicable to chartties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS102) (effective 1 January 20151,, Financial Reporbng Stsndard 102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the histori(￿1 cost convention. 2. Accountin Policies Incomln Resources Recognition of incomlng resourees These are included in the Statement of Financjal Activities (SOFA) when: the charity becomes entitled to the resources., the trustees are vithjally certain thèy will receive the r8sourc8s,' and the monetary valije can be measur8d with sufficient reliability, Incomffing resources wlth relatsd expenditure Where ino)ming resources have related expendiiure (as wth fijndraising or contrad income) the incoming resources and related expendrture are r8Wted gross in the SOFA Grants and donations Grants and don2tÉons are only induded in the SOFA when the chanty has un¢x)nditional entitlement to the ￿SourCes. Contractual Income and performance related grants This is only included in the SOFA On￿ Ihe related goods or services have been delIve￿d. G1ft8 In klnd Gifts in kind 8re ac£ounted for at a ￿sOnable esbmate of their value to the chanty or the amount actualty realised. Gffts in kind for sale or distribution are induded in the financial stalements only when sold or distributed ty the tharity. Gifts in kind for use by the tharity are induded in the SOFA as Incoming reSOur￿S when receivable. Donated servlces and facllltle8 The9@ aro only induded in incoming ￿sOUrCeS (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, mèasurable and material. The value placed on these resources is the estimated value to the charity of the service or faality received. Voluntary help The value of any voluntary help received is not induded in the financial statements but is des¢Jibed in Ihe Trustees, Annual Report. Inve8lment income This is indude(l in the finanual statements when receivable. ndlture and Liabilltles Llablllty recognition Liabilities are recognised as soon as there 1$ a legal or ￿nStructive obligation committing the charity to pay out resources. Govemance costs Indude Gosts of the preparation and examination of ststutory finanoal sktements. the cctsts of Trustees, meetings. o)sts ol DBS thed(s ￿ Trustees and I￿st of any legal advi￿ to Trustees on g0Veman￿ or constitutional matters. Page 7 Lindse Rural Pla Notes to the Flnancial Ststements for the ear ended 31 December 2024 un in Polici continued Assets Tanglble flxed assèts for use by charlty 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 grfted, at the value to the charity on receipt Depreciation is applied to Fixtures and Fittings on a reducing balan￿ basis, at 250/a per annum. Depreciation is applied to Equipment on a straight line basis, over a usefu5 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. Trus es. remun ratlon a d beneflts There were no trustees, remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2024. Trustees. expenses During the year ended 31 December 2024 trustees expenses were reimbursed for £O.CKI (2023.. £0 00). Thls Year 4. Anal sis of Incomin Resource$ Last Year Voluntsry Income Grants re￿iVed 500 350 Subscriptsons 1.615 1,604 Donations 3,376 4,021 5,330 Activities for generating funds Bar and I￿ cream sales 7,778 7.761 Fundraising 239 Advertising 8,017 7,761 Inve8tment income Bank interest 41 11 41 11 Incoming resources from charitsble activities Lindsey Rural Players, productions Lindsey Rural Players, Film Nights Theatre hire 15,924 15,545 3.484 917 300 205 Professional touring productions Youth theatre 8,042 11,523 1,020 1.996 28.770 30,186 other Incoming Resourc88 other Income 386 1,090 386 1,090 Page 8 Lindse Rural Pla ern Notes to the Financial Statements for the ear ended 31 December 2024 5. Ana sis of R￿oUrCeS Ex ended Thi$ Year Last Year Fundraising trading costs Bar and I￿ cream Purchases 3,847 3,711 Fundraising Costs 3,847 3,711 Costs of charitable activities Lindsey Rural Players, productions 4,813 3,494 Lindsey Rural Players, Film Nights 1,711 565 Professional touring productions 5,456 9,656 Youth Theatre 634 2,782 Premises expenses'.- Rates and water rates 219 401 Repairs and maintenance 1,162 3,831 Light and heat 2,788 3,051 Insurance 1,579 1,383 Cleaning 1,034 1,245 Waste disposal 1,721 Equipment repairs 294 3,334 Licences 1,408 70 Telephone 156 71 Stationery and postage 105 Advertising 961 223 Subscriptions 105 Sundry Expenses 304 692 Refreshments 179 Depreciation 5,449 4,993 29,869 36,QQ1 Page 9 in Rural Pl ers Notes to the Financial Statements forlho ear ondod 31 Decembor 2024 nal sls of Resources Ex ended cont. Thls Year Last Year Governan￿ costs L￿al expense$ Independent examiners, fees 1507 500 500 500 2007 6. Tan Ible Fixod Asse Freehold Land and Bulldlngs Flxtures Equlpment Totsl Fittings Cost or Valuatlon As at 1 January 72.932 33,601 13,940 120,473 Additions 4,440 2,464 6.904 Sales As at 31 D•cernbor 38,041 16.404 127 376 Accumulated Depre¢lation As at 1 January -22805 9,443 32,248 Charge for the year -3809 - 1,640 5,449 Impairment On sales As at 31 Docembor -26614 11,083 37,697 Net Book Value A8 at 31 December 2024 72.932 11427 5,321 89,679 As at 31 December 2023 72,932 10796 4,497 88,225 Thls Year Year Restated 7. Debtors Debtors Prepayments This Year Last Year 8. Crèdl Creditors 51JO 897 Accruals Deferred Income 500 897 Page 10 Lindse Rural Pla ers Notes to the Flnancl I S tements for t rend 1 December 2 24 Thls Year Last Year 9. Provlslons Provision for Bad Debt Provision has been made for debts outstsnding for over 12 months. 10. Movement in funds Atl.1.24 Income Expenditure At 31.12.24 Restrlcted funds Remembrance grant Unrestricted funds General funds 123.656 41.235 34.216 130.675 Totsl funds 123,656 41,235 34,216 130,675 11. Related party disclosures There were no related party transactions for the year ended 31 December 2024. Page11