Charity registration number: 1041338 Yeadon Theatre Company Annual Report and Financial Staternent$ for the Year Ended 30 April 2024
Yeadon Theatre Company Contents (coutinued) Reference and Administrative Detsils Trustees, Report 2to3 Independent Examit)&8 Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7t013
Yeadon Theatre Company Reference and Administrative Details ChairnMn P Poole Trusttts P Poole C Almond R M Saville Charhty Re%istration Number 1041338 Prknclpvdl Offlce Clo Yeadon Town Hall High Street Yeadon LS19 7PP Independent ExAminer A D Onnondroyd FCA Independent Examiner Tarn House, 77 High Street Yeadon Leeds West Yorkshire LS19 7SP Page I
Yeadon Theatre Company Trustees, Report Tbe trustg¢s present the annual report together with the flliancial statements of the charity for the year ended 30 April 2024. ObJeetive5 and gctlvllles PubliL' benefit The charity is a society which gives the opportunity for a diverse membership to becon]e involved iti planning and stsging productions. The tnte¢S confm that they have complied with the requittmenls of sectiou 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the CbaTity ConlSsion for England and Wales. Structsre? governanct and mAnYdgement inaD¢141 Instruments Objeelives andpollcles The charity's only significant working capital requirement ts to meet the costs of stsgtng a performan¢e before th¢ fvll amount of ticket and other income has been rcalised. The charity maintains what they feel is a reasonable bank balance to mitigate this cashflow risk (and Eiquidity risk in general). The charity's princip81 financial assets are bank balan¢¢s, and it has no debt. so there is not deemed to be any significant credit risk. Page 2
Yeadon Theatre Company Trustees, Report (continued) Statement of Trnstees, Responslbllltles The trustees are responsible for preparing the ISteeS, report and the financial statements in accordance with the United Kingdom Awounting Standards (United Kingdom Genernlly Accepted Accounting Prdctice) and applicable law and regulations. The law appli¢able to cPrItieS requires the trustee8 to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resow¢es and application of resources of the charity for that period. tn pr¢pariDg these financial statements. the trust¢es are requir¢d to: Selt suitabl¢ accounting policies and then apply them consistently. observe the methods and principles in the Charities SORP. m8ke judgeD]ents and estimates that arc r¢asonabl¢ and prudent; state whether applicable accounting Standards hove been followed, subjeLt to any material departures disclosed and explained An the financial st8tem¢nts' and prepare the financial statcmcnts on the going concern basis unles8 It is inappropriate to presume that the charity will continue in business. Thc trus*es are responsible for keepin8 proper acoounting records that disclose with reasonabl¢ accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charilies Act 2011, the Charities {Accouuts and Reports) Re¥ulations 2008. and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the chaTity And hence for laknng reasonable steps for the prevention and detection of fraud and other irregularities. The trnslees are rcspon5ible for tbe m84inten8nce and integrity of the corporate and fmaDcial information includ¢d on the cbaritable compangs website. Legislation 8oveTning the prepaTation and dissemination of financial statements may differ from legislation in other jurisdictions. The annual report was approved by the trustees of the c'harity on ..1 11111.2 + and signed on its behalf by: P Poole Chairnwi and trustee Page 3
Yeadon Theatre Company Independent ExaD]iner's Report to the trustees of Yeadon Theatre Company I report to the trustees on my examination of th¢ accounts of Yeadon Theatre Company for tbe year ended 30 April 2024. R¢spoDslbllltle5 and basls of report As the charity tte¢S of Yeadon Theatre Company you are responsible for the PTeparation of the accounts in accordance with the requirements of the CbaTities Act 2011 ('the Act.). I report in respect of my examinatlOD of the Yeadon Theatre Company's Accounts carried out under section 145 of the 2011 Act and in carytng out my_examination I have followed all the applicabl¢ Directions given by the Charity Commission under section 145(5)(i>) of the Act, Independent eXaDDer'S stfttement I have completed my eLqmination. I confirn) that no mateTial matters have come to my attention in CODnection with the examination giving Ine cause to believe that in any nterial respect: accountin8 records were not kept in respect of Yeadon Theatre Company as required by section 130 of the 2. the accounts do not accord with those Tecords. or 3. the accounts do not comply with the 8¢counting requir¢meDts concerning the forn) and content of accounts set out in the Charities (Arxounts and Reports) Regulations 2008 other than any requireTnent that the accounts give a 'true and faAr view whi¢b is not a matter considered as part of an independent examination. I have no concerns and have com¢ a¢ross no other matters in connection with the examination to which attention should be (trawn in this report in order to enable a proper understanding of the accounts to be reached. A D Ormondroyd Independent Examiner Fox JenniTbgs Cullen Tarn House, 77 Higb Street Yeadon Leeds West Yorkshire LS19 7SP Page 4
Yeadon Theatre Company statement of Financial Activities for the Year Ended 30 April 2024 Unre$trl¢ted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legacies Other trading activities Investsnent income 3,503 60,975 436 3,503 60,975 436 1,004 49,244 85 Total incorne 64.914 64,914 50,333 Expendlture on: Clwitable actiiiili¢8 (46,752 46,752 T()tsl éxpcndittiré Net incorne 46.752 46.752 18,162 Net movement in fiJnd8 18,162 18,162 12,J04 Reconclllatlon of funds TotV41 funds brought forwar(I 44,273 44,273 32.169 Total funds ciwried forward 13 62.435 62,435 44,273 All of the charity's activities derive from continuing operations durin8 the above two periods. The fLm<Ls breakdown for 2023 is shown in note 13. The notes on pa8es 7 to 13 forni an integral part of these financial statements.
Yeadon Theatre Company (Registratioll number: 1041338) Balance Sheet as at 30 April 2024 2024 2023 Note FJx¢d assets Tangible assets io 71 95 Current assets eash at bank and in hand 63,007 53,888 Credltorj: Amounts falllng due wlthln one year Nè"t èurrent •$s¢ts 12 643 9,710 62,364 44,178 Net as8et8 62,435 44,273 Funds of the ¢harlty: Unrestrlcted Income thnds Unrestrictèd fiiiids. 62,435 44,273 Total funds 13 62,435 44,273 The financial slatements on pages 5 to 13 were approved by the trustees, and authori8¢d for Issue on l. I i.l.l¥. alld sigued on theyr behalf by: P Poole Chairn)an and knstee The notes on pages 7 to 13 forni an integral part of these finao¢ial statements.
Yeadon Theatre Company Notes to the Financial Statements for the Year Ended 3D April 2024 l Accountlng polleles Statement of compliance Tb¢ fioancial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice i$$u¢d in O¢tober 2019: the Financial ReportiDg StaDdard applicable in the United Kingdom and Republi¢ of lttlond (FRS 102) and the Charities Act 201 I. Ba515 of preparatlon Yc&don Theatre Company meet5 the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared Lder the historical cosi convention with items recognised at cost or transaction value unless othetwise ststed in th¢ relevant note(s) to these accounts. Golng eoneern The truslees consider that there are no material uncertainties about the charity's ability to continue as & going concern. Income and endowments Voluntary income including donations, gifts. legacies and grants thai provide core funding or are of a genernl is recognised wben the charity bas entitlement to th¢ in¢omc, it 1$ probable that the income will" be received and the amount can be measuted with sufficient reliability. Graryts receivable Grants and doTJations only included in the Income and Exp¢nditure Account when the charity has unconditional entitlement to the resources Dohoted.Tervice.s andfacilitie.I The value of any voluntary help received is not included in the accounts but is dcscribed in the trustees, anDual report. Expenditure Expenditure is recogmised once there is a legal or constructive obligation to make a payment to a third paty, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Chan"lable aclivities Chatitable expenditure comprises those costs incurred by thc charily in the delivery of its activities 8nd services for its beneflciaries. It includes both costs that can be allocated directly to Such activities and those rosts of an indirect nature necessary to support them. Support costs Support costs include central functions and have b¢¢T] allocated to activity Cost categories on a basis consistent with the use of resources, for example. allocating property costs by floor area5, or per capil4 staff costs by the time spent alld otiicr costs by their usage.
Yeadon Theatre Company Notes to the FiDancial Statements for the Year EDded 3D April 2024 {coDtinued) Governance co$t$ These include the costs attributable to the cbarity's compliance with constitutional and 8latutory requircments. includiDg audit, strategic maDagement and trustees meetings and reimbwsed expenses. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it m¢¢ts the definition of a charitable company ft)r UK corporation tax purposes. Accordingly, the chariry is POteDtially exempt from taxatlOD 111 Tespect of income or Capital gaiDS received within categories covered by Chapter 3 Part I l of the CoTporation Tax Act 2010 or Section 256 of the Taxation of ChaTg¢abl¢ Gains Act 1992, to the extent that such income or gains are applied exclusively to charitsble PU0$eS. T&Dglbl¢ llxed 4s$¢ts Fixed &ssets are initially recorded at cosL less any subsequcnt accumulated depreciation and subsequent accumulated impainnent losscs. Depretlatlon and amortSsailon Depreciation is provided on tangible fed assets so &$ to wrile off the cost or valuation, less any estinled residual value, over their expected useful economi¢ life as follows.. Asset tlAIS Equipment Deprecladon method and rate 25 /0 reducin8 balance Cash and ¢a8h equlvaleDts Casb and casb equivalents comprise cash on hand and call deposits, other short-tern) highly liquid investments that are readily convertlble to a known amount of cash and are subject to an insigmificant risk of chan8e in value, Trade credltorg Trade Creditors are recognised as soon as there is a legal or constructive obligation committing the oharity to pay out resources. Fund structure Unr¢stricted income fijnds are general funds that are available for use at the tnL8tee8 discretion in furtherance of the objectives of the charity. Page 8
Yeadon Theatre Company Notes to the Financial Statements for the Year Ended 30 April 21124 {contiDued) FAnvdDelal fin$truments 2 1DCOll* from donatlons and legacles Unrestrlcttd fynd$ General Totxl od$ Donations and legacies, Donations from iothvidua15 3,503 3,503 Total for 2024 3,503 3,503 Total for 2023 1.004 3 Ineome from other tradlng actlvltles Unrestrleted fuDdg General TotAI funds Events income. other events income Mèthbership subscriptions Total for 2024 58,495 58,495 2,480 60,975 60,975 Total for 2023 49.244 49,244 4 Inveslment Income Unregtrlcted fuods CeDer41 Totydl funds Interest receivable and similar income; Interest receivable on bank deposlts 436 436 Total Tor 2024 436 436 Total for 21123 85 85 Page 9
Yeadon Theatre Company Notes to the Financial Statements for the Year Ended 30 April 2024 (continued) 5 pendIthre on ¢hYdrAtable actlvltles Unrestrleted funds General Totfdl runds Note Depreciation, amortisation and other similar costs Allocated support costs Gov¢rnancc costs 24 1,133 2.112 24 1,133 2,112 Total for 2024 Total for 2023 3,178 3,178 6 Analysls of governance aDd support co$tS Governance costs Unre5trleted funds General Total funds Independent examiner fees ExaTnination of the fmancial ststem¢nts Other goverliance costs 642 1,470 642 1,470 TO( for 2024 2,112 2,112 Toti41 for 2023 2,586 2,586 7 Truslee8 remuneratlon and expenses No trustees, nor any persons connected with thenL have received any remunetation from ibe charity during the year. No trustees havc received any rcimbursed expenses or any other benefits from tile c'harity during the y¢ar. 8 Independent eJ4miner's remuneratlon 2024 2023 Exaininalion of the filvdncial statèrnènts 642 612 Page 10
Yeadon Theatre Company Notes to the Financial Statements for the Year Ended 30 April 2024 (continued) 9 Taxatlon The charity is a registered clwity and is therefore exempt from tsxation. 10 TAngible fixed Ydssets FurDlture and equipment Total Cost At l May 2023 800 800 AÈ30 April 2D24 800 800 Depreclatlon At l May 2023 Charge for the yèar 705 24 705 24 At 30 April 2024 729 729 Net book value At 30 April 2024 71 71 At 30 April 2023 95 95 I I Cash and cash equlvglent$ 2024 2023 Cash at bank Sbort-tenn deposits 51,622 11,385 42,800 11,088 12 Credltor$: amounts falllng due wltbln one year 2024 2023 Trade creditors Accruals 9,098 612 643 643 9,710 Pagell
Yeadon Theatre Company Notes to the Financial Statements for the Year Ended 30 April 2024 (eontinued) 13 Funds B8R2nce it I M*y 2023 Ineoming resource5 Re$our¢es expended Balance at 30 April 2024 Unrestrlcted fuDd8 44,273 46,752 62,435 Balance at I May 2022 Incomlng resourc Resources expended Balance at 30 Aprll 2023 Unre8trlcted funds General 50,333 38,229 ,273 14 Analysis of net assets belween fund$ UDrestricted funds General Total funds at 30 Aprll 2024 Tangible ied assets Current &SSets Current liabililies 71 63,007 643 71 63,007 643 Total net assets Unrutrlcted funds Ceneral Totydl funds at 30 Aprll 2023 Tangible fixed assets Cullt 8ssets cuent liabilities 95 53,888 9.710) 95 53,888 9,710) Total nét &88èts 44,273 44,273 Page 12
Yeadon Theatre Company Notes to the Financial Statements for the Year Ended 3D April 2024 {continued) IS Analysls of net funds At 30 April 2024 At l May 2023 Cash at bank and in Ind 53,888 Net debt At 30 Aprll 2023 At l May 2022 Cash at bAnk and in hand 32.816 32,816 Net debt Page 13
Yeadon Theatre Company statement of Financial Activities by fund for the Year Ended 30 April 2024 Total Total Unrestrl¢ted Unrestricted Funds Funds 2024 2023 Income and Endowrnents from: Donations and l¢ga¢ies Other trading activities Investment income 3,503 60,975 436 49,244 Total income 64,914 50,333 Èxpenditure on: Cbaritable activities 46,752 38,229 Total éxpendilwè 46,752 Net kocome 18,162 12,104 Net movement in funds 18.162 12,104 Reconc111411oD of funds Totul fia8 br(Ju8ht f()rwara Tc•tal fundy ¢affied fonyard 44,273 32,169 62,435 44,273 This pa8e does not form part of the statutory financial statements. Page 14
Yeadon Theatre Company Detailed Statenient of Financial Activities for the Year Ended 3U April 2024 Total 2024 Total 21123 Income and Endowments from: Donations and legacies (an8lysed below) Other trading activities (analysed below) Inv¢stmellt income (analysed below) 3.503 60,975 436 1,004 49.244 85 Total incornti 64,914 50,333 Expendltsre on: Chantablé a¢tiviti¢s (aDalysèd below) 46,752 38,229 Total ¢xp¢nditUT"¢ 46,752 38,229 Net income 18,162 12,104 Net rnovement in funds 18,162 12,104 Re¢onelll2tlon of funds Total funds brciught forward 44,273 32,169 Total fulldy Caled forward 62,435 44,273 Thi5 page does not fonn part of the statutory fanCIal ststements. Page 15
Yeadon Theatre Company Detailed Statement of Financial Actlvities for the Year Ended 30 April 2024 (continued) Total 2024 Total 2023 Donations and legacie Donation 3,503 1.004 3,503 1,004 Other rradinx adivlties Members subscriptions Box office - Show Non ticket salcs- Show Raffle - Show 2,480 54,940 2,430 1,125 3,085 42.106 3,198 855 60,975 49,244 Inve$lMeMI in¢om¢ Interest r¢c¢ived 436 85 436 85 Charliable acdvlrfes Costumes, makeup and PTOPS Venue Hire Sound Scenery and fittings Production and orchestra Royalties Hire of halls NODA subscriptions I9UranCe ld IA¢ens¢ Refreshments and gratuities Cost of sales - Show MD fee Producers fee Depreclation Rat¢s B8rclayc8rd tnacbine charges Printing, poslage and stationery Sundry expenses Accountancy fees Advertising &Dd marketing 1,778 7,200 2,500 5,096 8,030 9,345 1,777 245 1,794 398 1,133 2,300 3,020 24 (li) 463 629 8.000 1,950 6,582 8,439 1,950 230 2,356 65 560 1,150 3,700 32 183 281 ioi 217 612 1,192 38,229 69 642 949 46,752 This page does not forni part of the slatutory financial statements. Page 16