Charlty Reglstration No. 1052714 Company Registration No. 03149984 {England and Wales) THE MATA REGAL THEATRE COMPANY LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Lentells Chartered Certified Accounianis
THE MATA REGAL THEATRE COMPANY LTD LEGAL AND ADMINISTRATIVE INFORMATION Tw$t•¢$ hAs M HartW811 Mr C J Rendell Mr P Thompson hArs G Chamock Mr F Owen Mr L R Lintem Mrs SA Sw8nn hrtr J A Scott Mr B R Penrose Ms K J Hodgkiss (Appointed 9 October 20221 (Appointed 12 February 20231 (Appointed 16 April 20231 (Appointed 17 July 20221 Miss A TMan Mrs H M Thompson Se¢r¢tary Miss A TMan Charity number 1052714 Company number 03149984 Prln¢lpal address The Regal Theatre The Avenue Minehead Somersel TA24 5AZ Regl$tered offlce The Regal Theatre The Avenue Minehead Somer5el TA24 5AZ Independent examiner P A Sl8118rd FCA Ash House Cook Way Bindon Road Taunton Somerset TA2 6BJ
THE MATA REGAL THEATRE COMPANY LTD CONTENTS Page Trustees. report Independent examine¢s report ststemenl of financial 8¢tiwties Balance sheet Notes to the finanal statements 8-15
THE MATA REGAL THEATRE COMPANY LTD TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2022 Thè trusteès prèsent their annual rep and finanual statemènts for the yèar ended 31 Decembèr 2022. The financial stsleTllenls have been prepared in accordan with the accounting policies set out in note 1 to the financial stslemenls 8nd cornply wth the charitys MerrTandurn and Articles of AssoGiab"on the Companies Act 2006 and "Accounting and Reporting by Ch8riti"es." Ststemenl of Recommended Pr8Gtice applicable to charities preparing their accounts in 8¢¢0rdan¢e wth the Finan¢i81 Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021. leffeclive 1 January 20191. Objectives and activities The Theatre was acquired in 1994 prior to incorporation in order to follow the main purFK)5e of the charity which is to promote, maintain, improve and advan public education in the arts in general and dramatic 8rt5 in particular. 11 may also support any similar objeGts and aim5 of a charitsble nature_ The Theat has continued to provide the Minehead and West Somerset aa with a¢¢ess to the dramatic arts. The trustees ¢onfimi that they have ¢omplied wtth the reqU1MentS of section 4 of the Charities Act 2011 to have due gard to the publi¢ benefrt guidance published by the Charity Commission for England and Wales. The trustees have paid due regard to guidan iSsLd by the Charity Commission in decjding what activities the harity should undertake. Achievements and performance The year again focused on activities aime(l at restoring confidence amongst audiences as the Regal Theatre, in line with may organisalions within the culture and entertainment 5ector5. continued lo confront the challenges of emerging frorn the many closures and changes of habit induced by the pandemic. Many of the Member So¢ielies resumed their notmal programmes and audiences were treated to drama, comedy, live musi¢, live screenings and mu¢h more from them and visiting Companies. There is still some way lo go to 8¢hieve pre-pandemic levels, but avdien¢e numbers did begin lo show signs of re¢overy helped by some marvellous shows and some new inibatives induding the introdurtion of a weekly Saturday coffee morning run by Regal voluntèèrs. The main purpose was to attract peoplè into the theatre some new and som8 pr8vioLJsIy ènthusiastic attende8s- but devèloped into a lovely way to raise fijnds for theatre activities. This was further SLJpplemented by the intrcxluction of monthly screenings of classic vintage films, paCularlY targeted at the older demographic who are less willing to cnme to evening events. These have been very popular and reiVed a warm response from the local community. Uniquely for a theatre of its size. the Regal Theatre conbnues to be managed and run entirely by volunteers., an amazing achievement and one which Trustees themselves also of course volunteers - never take for granted. However, we did recognise that having been unable lo fulfil many of our nomial activilies during 2020 and 2021, we had possibly lost contacl with some of those volunteers, so undertook the adrninistrative task of writing to them all lo find out if they still wished to be active within the theatre. We also took the opportunity to ensure we had all their correct contact details so we could intr(xJuce and maintain regular communications about events and activities with the theatre. Having completed this exercise we were able lo confimi that the are nearty iwo hundred active volunteers, with more being recruited all the time. A very successful Open Day in October 2022 drew in severdl pN)tential new volunteers, many intrigued by guided tours that revealed some of the otherwse-darker recesses of the theatre, behind the scenesl If the effects of Covid 19 taught us anything, it is the inherent Importan of (y)mmunity. For the Regal this includes our Friends, but as 2021 drew lo a close we recognised that the pandemic had meant we had not maintained our regular communications wrth those 5ub%ribed as Friends of the Regal. A group of volunteer5 contscted alm051 seven hundred people. inviting them lo renew their Friendship with us. Over four hundred responded and renewed with many enhancing their subscription with generous donations. reinforcing Regal Friends as an important component of the Theatre's the community 8ttraGtion. Income from the Friends scheme helps ensure the Regal remains a thriving creative space, delivering stimul8ting events and showcasing emerging new talent.
THE MATA REGAL THEATRE COMPANY LTD TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 A third significant pmject. bègun in OCtor 2021 continued throughout 2022. and expect8d to be impl&m8nt8d in 2023. is an in-depth review of the Charity's governan_ The aim is to ensu the strLJciure of management is able trj deliver the Regal's core objectives and that its operations are fully transparent. compliant, and accountable. The first repDrt from the Governan Review, delivered in 2022, recommended the separation of strategic and operational matters into separate commiitees. The recommendation was approved by Trustees, and worf( continued through 2022 to develop the detail necessary to bring aboul a revised slructure and communications neiworf(. The Governan Review also recommended defining what is expecled of a Member Society - the founding societies that created the MATA Regal Theatre Company Ltd in 1996, bul for which no definition had previously been established. The Governan Review group ran a Consultation Day in May 2022 with Iwo objectives - to consult with a cross- section of volunteers about the governance review exercise and to provide two training sessions.. First Aid in the Auditorium,. Recognising and Managing Confiicl. It is antiapated that increased training opportunities will be available to volunteers. Interwoven throughout all the above activity has been Onoing conrn about the Theatre's financial position as, in line with all other Ihealres, the Regal conts.nues to face diminished lickel sales and concomitant loss of associated income. A new volunteer finan team provided Trustees with detailed insight into the charity's finances throughout the year, enabling us lo recognise the exlenl of the financial risks faced and the imperats.ve lo manage all expenses and optimise 811 possible income opportunities. As the 2022 ye8r-end accounts and the Treasu.$ Financial Rep)rt show. 2022 has not been an easy year, bul with the additional disciplines en¢ouraged by the finance team we have mained solvent and, most importantly, not had to call on the reserves which Trustees agreed sflould ideally be held at £40k. However, one casualty of the straightened financial circumstance has been the proposed development of thè groLJnd floor premises at 16 The Avenue. acquired by the Regal in August 2021. Trustees deemed it inappropriate to undertake such work whilst the Theatre is still overcoming the financial downtum during the pandemic. Finally, we cannot let the Trustees, report for 2022 finish without very wami thanks to Vicloria Thomas who chaired the Board of Trustees for over four years, steering the Regal Theatre Ihrough some of its most challenging and choppy times, and achieving so much despile those challenges. Financial review Income for the year on unrestricted funds amounted to £130.170 which. after production costs of £136,196, leaves a net expendilure of unreslricted funds of £6,026 for the year. compared with £5,887 income for Ihe previous year. The net deficil for the year, induding the transfer beeen fijnds of £1.003, is1£5,0231 and the general fund stands at £514,481 represented by £389,949 fixed asseis and £154.903 net current asset. Restricted fund income amounted to £13,8 during the year out of which £4,820 was expended. The Restricted funds at 31 December 2022 were £30.371. details of which are given in note 17 lo the accounL The trustees of The MATA Regal Theatre Company Limited consider that a rtain level of reserves are required in order to run the company in an orderfy and careful manner. Reserves are held by The MATA Regal Theatre Company Limited in two funds= Reslricled Funds and Unrestricted Funds. Restricted Funds represent money that has been granted for specific projects.
THE MATA REGAL THEATRE COMPANY LTD TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Unr8Strict8d Funds can used for any purposè within objects of The MATA Regal Theatrè Company Limited and represent reserves which the trustees may call upon for fijtu use. ie.. 1. The provision and replacement of equipment to enable the Company to undertake its activities in a professional manner has been made. 2. To enable the company to absorb unforeseen expenses in relation to the preservation and upkeep of the fabric of the bLJilding. 3. To fund development work in furtheran of the Company's objectives. The trustees of The MATA Regal Theatre Company Limiled consider that a certain level of Unrestricted Funds so far as represenled by cash at bank should be held as a reserve to enable the Company to absorb setbacks and to take advantage of change and opportunities. The amount of Reserves set aside by the Diredors within this policy for the year 2022 is set at £40,000 12021.. £20,0001. Structure. govemance and management The charity is a company limited by guarantee govemed by its Memorandum and cleS of Association dated 23 January 1996 and amended to allow for the current govemance arrangement on 14 November 2004. It is registered as a charity with the Charity Commission. Anyone over the age of 18 can become a member of Ihe Company, each of whom agrees to contribute £3.00 in the event of winding up. The trustees. who 8re 81$0 the 1ctOrS for the purpose of company law. 8nd who served during the year and up to the dale of sign8lure of the financial ststements were= Ms M Harmell Mr C J Rendell Mr P Thompson Mrs G Charnock Mr F Owen Mr L R Lintem Mrs SASwann MrJAScott Mr B R Penrose Ms K J Hodgkiss Miss A Toeman Mrs H M Thompson Mrs J Armin Ms S V Thomas Mr R S Newton Mr P M Rogers {Appoinled 9 October 20221 IAppoinled 12 February 20231 {Appointed 16 April 20231 IAppointed 17 July 20221 {Resigned 17 July 20221 {Resigned 15 January 20231 {Resigned 11 November 20221 {Resigned 16 Apn"120231 No person other than a Member of the Company may be appointed a Truslee. One third of the Trustees retire by rotation each year and eligible for reolection. A Member of the Company or the Board of Trustees may propose a person to be elected at any General Meeting to the office of Trustees and the Trustees may appoint any person lo be a Trustee to hold office untsl the next Annual General Meeting. Members of the Company are elected as such by the Board of Trustees.
THE MATA REGAL THEATRE COMPANY LTD TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees. report was approved by Ihe Board of Trustees. Signed on 291128 @ 18."17 Miss A Toeman Trustèè Dale..
THE MATA REGAL THEATRE COMPANY LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MATA REGAL THEATRE COMPANY LTD I r8rK)rt to the trustees on my 8xaminab.on of the finanual slatements of The MATA Règal Theatre Company Ltd Ithè charityl for the year ended 31 December 2022. Responsibilities and basis of report As the trustees of the Charity land also tts directors for the purposes of company lawl you are responsible for the preparation of the finanual ststements in accordan wth the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial ststements of the charity are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examinab"on. I report in respect of my exarnination of the charity's financial ststemenls carried out under section 145 of the Charitie5 Act 2011 (the 2011 Acll. In carrying out my exarnination I have followed all the applicable Direction5 given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement I have completed my examination_ I confimi that no matters have Come to my attention in connection with the examination giving me cause to believe that in any material speCt.. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act,. or the financial ststements do not accord with those records. or the finan¢i81 ststements do not comply with the a¢counling requirements of section 396 of the 2006 Act other than any qUirement that the accounts give a true and fair view whi¢h is not 3 matter considered as part of an independent examination". or the financial siatements have not been prepared in accordance with the methods and principles of the Statemenl of Recommended practi for accounting and reporting by charities applicable lo charities preparing their accounts in accordance wth the Finanaal RerK)rbng Standard applicable in the UK and Republic of Ireland IFRS 102}. I have no cOnM$ and have Come across no other matters in ¢onne¢tion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. P A Stallard FCA &gn&Yon291O91@ 1828 Ash House C(x)k Way Bindon Road Taunton Somerset TA2 6BJ Dated..
THE MATA REGAL THEATRE COMPANY LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 Unr¢$tricted Rostricted funds funds 2022 2022 Totsl Unrestrlcted Rèstricted funds funds 2021 2021 Total 2022 2021 Notes Income from: Donations and legacies Charitsble a¢tivities Investments 21,054 109,116 13.890 86,527 29,478 337 72.500 159,027 29,478 337 109.116 Total income 130.170 13,890 144.060 116,342 72,500 188,842 Ex nditure on: Chantable activities 136.1 4,820 141,016 110,455 6,014 116,469 Net loutgoingllincoming resources before transfers 16.026) 9.070 5.887 66,486 72,373 Gross transfers between funds 1.003 11.0031 51,809 151.8091 Net lexpèndltur•)Ilncoma for thè yèarl Net movement in funds 15.023) 8,067 57,696 14.677 72,373 Fund balances at 1 January 2022 519,504 22,304 541,808 461,808 7,627 469,435 Fund balances at 31 December 2022 514.481 30,371 544.852 519,504 22,304 541.808 The stslemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also Complies with the reqU1ments for an income and expenditure a¢count Ljnder the Companies Act 2006.
THE MATA REGAL THEATRE COMPANY LTD BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Notes Flxèd ass•ts Tangible assets 389.949 417,945 crn1 assets Stocks Debtors C8sh 8t bank 8nd in hand 10 11 2.842 61.882 175.628 832 49,441 131,295 240.352 181,568 Creditor5.' amounts falling due within one year 12 185.449) 157,7051 Net current assets 154.903 123,863 Total a$sats l•$$ ¢urr¢nt Ilabllltl•$ 544,852 541,808 Ineomt fund$ Restricted funds Unreslricled funds 30,371 514.481 22,304 519,504 544,852 541,808 The company is entiiled to Ihe exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2022. The directors acknowledge their responsibilttses for complying with Ihe requirements of the Companies Act 2006 with SpeCt lo a¢¢ounting records and the pparatiOn of finan¢ial stslements. The members have not required the company to obtain an audit of its financjal statements for the year in question in accordance wth section 476. These financial statements have been prepared in accordan with Ihe provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on ......................... ..8iyffrt&on.29m9I23 @ l8".SO Ms M Hartwell Tw$t•¢ Company registration number 03149984
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 Accountlng pollelès Charity infomiation The MATA Regal ThÈatrÈ Company Ltd is a private company limit by guarantèe incorporated in England and Wales. The registered office is The Regal Theatre. The Avenue. Minehead, Somerset, TA24 5AZ. 1.1 Accounting convention The financial statements have been ppared in aCcor(Jan with the ¢harity's Igoverning documentl, the Companies Act 2006, FRS 102 'The Financial Reporting Standard appli¢able in the UK and Republi¢ of Ireland" I"FRS 102.1 and the Charities SORP -A¢¢ounting and Repong by Charities". Ststement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 JanLJary 20191. The tharity is a Public Benefil Entity as defined by FRS 102. The charity has taken advantage of Ihe provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are ppad in steding. which is the functional currency of the charity. Monetsry amounts in these finanual ststements are rounded to the nearest £. The financAal stslements have been prepared under the historical wst wnvenlion. Imodified lo include the revaluation of freehold properties and lo indude investment properties and certain financial instruments al fair valuel. The principal ac(x)unling policies adopted are sel out below. 1.2 Going concern Al the lime of approving the financial statements. the trustee5 have a reasonable expectslion that the charity has adequate resources to continue in operaliorhal existen for the foreseeable future. Thus the trustees continue to adopt the going concem basis of accourhting in preparing the financial stalemenls. 1.3 Charitable funds Unrestricted funds are available for use at the discrebon of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to spectfic cor¥Jitions by donors that the capital musl be maintsined by the charity. 1.4 Income Income is recognised when the tharity is legally entiued to it after any perfomiance conditions have been met, the amounts can be measured reliably. and it is probable that income will be r1ved. Cash donations are recognised on receipt Other donations are recognised On the charity has been nolified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donab'ons received under Gift or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending dislribulion, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a conlingenl asset.
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policies (Continued) 1.5 Expenditure Expenditure is recognised On there is a legal or construclive obligation to transfer econornic benefit to a third party, 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 classified by activity. The costs of each aclivity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated direcuy to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those aclivits.es on a basis consistent with the use of resources. Central stsff costs are allocated on the basis of lime spent. and depciall0n Charges are 8IIoc8led on the wrtion of the 8ssel's use_ 1.6 Tangible fixed assets Tangible fixed assets are inits'ally measured at cost and subsequenuy measured at cost or valuation, net of depreciation and any impairmenl losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Plant and equipment Fixtures and fittings 2% Straight line 40 Straight line 10°A Reducing balan The gain or loss arising on the disposal of an asset is determined as the difference befvleen the sale prtteeds and the carrying value of the asset, and is recognised in Ihe statement of finanual activities. 1.7 Impairment of fixed assets Al each porting end dale, the Charity ViewS the Carrying amounts of its tsngible assets lo detemine whether there is any indicab'on that those assets have suffered an impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to delem)ine the extent of the impaimienl loss Irf any). 1.8 Stocks Stocks are stated at the lower of cost and eslimated selling pri less costs to complete and sell. Cost comprises direct materials and. where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condib"on. Items held for distribution at no or nominal consideration are measured the knwer of replacement cost and cost. Nel realisable value is the estimated selling less all estimated )SIS of completion and cos15 to be incurred in marketing, selling and distn"bub"on. 1.9 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid investments with original malurilies of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowngs in current liabilrties.
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Accounting policies (Continued) 1.10 Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Finanaal Instruments. and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of ts financial instruments. Financial instruments are recognised in the thariWs balan sheet when the charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are off5el. wth the net amounts presented in the financial slalernenls, when there is a legally enforceable right to set off the recconised arnounts and there is an intention lo setue on a nel basis or lo realise the asset and settle the liabilty simultsneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balan¢e5, are initially measured al transaction price including lransacb.on costs and are subsequently carried at arriorb"5ed cost using the effective interest method unless the arrangement constitules a financing transaction, where the transaction is measured al the present value of the future reip1S disCOUnte(l al a market rale of interest. Financial assets dassified as re1vable wthin one year are not arwK)rb"5ed. Basic financial liabilities Basic financial liabilrfcies. including creditors and bank loans are initially recognised al transaction price unless the arrangement constitute5 a finanGing transaction. where the debt instrument is measured al the present value of the future payrnents discounted at a market tate of interest_ Finan(ial liabilities classified as payable within one year are not amortised. Debt instruments a subsequendy carried at amortise(l cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, ihey a presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured al aM0.sed cosl using the effective interest method. Dere¢ognition of fin•n¢i•l liabilities Financial liabilities are derecognised when the tharity's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entiuement is recognised in the period in which the employee's seNices are received. Terminats'on benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiinatson benefits. Crltl¢al a¢¢ountlng ¢stlmat¢$ and Judgements In the application of the charity's accounting policie5. the trustees are required to make judgements, eslimales and assumptions about the Garying amount of assets and liabilrties that are not readily apparent from other sources. The estimates and assoGialed assumptions are based on historical experien and other faGtors that are NSIdered to be relevant_ Actual resu115 may drffer from these estimates. The esb'mates and undedying assumptions are reviewe(l on an ongoing basi5. Revisions lo accounting estimates are recognised in the period in which the e5b.male is reM5ed where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. 10-
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THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Charltablo actlvltlos 2022 2021 Ticket Sales- brought in shows Theatre hire Refreshments and bar sales Ticket sales- own members Charitsble rental income Other income 13,015 7.406 27,588 48,673 1,067 11,367 18,959 1.520 2,779 3,146 509 2,565 109,116 29,478 Invastm•nts Total Unrestricted funds 2022 2021 Interest receivable 337 12-
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Charltablo actlvltlos 2022 2021 Depreciation and impairment Repairs & renewals- ele¢trical & propety Refreshment and bar cosis Artist fees Printing, postage and stationary Rent Rates and water Heat and light Insurance Scripts, costumes. scores and royalties Repairs and renewables- equipment and sundry Publicty and direct printing ¢osts Other produclion cosis Box Offi costs Telephone Performing rights and linSeS Bank charges Loss on disposal of asse15 Subscriptions and membership fees Adve'sIng & promotions Accountancy 27,180 14.630 13,206 8,199 123 2,201 1,115 20.072 1,705 7,088 16,691 1.709 4,064 2,086 653 3,248 8,158 2,266 165 4,597 1,860 28,766 29,568 3,481 13,055 373 1,304 622 7,067 3,475 156 3,493 517 7,038 1,451 794 4,418 4,041 2,512 1,036 1,622 1,680 141,016 116,469 141,016 116,469 Analysis by fund Unrestricted funds Restricted funds 136,196 4,820 110,455 6,014 141.016 116.469 Tru$tO¢$ No trustees, nor any persons connected with them, have r1Ved any remuneration in respect of their ServIS as Iruslees from the charity during the year. During the year the charity made the following transaction5 Wrth tru5tees', Mr5 E Ross £012021". £2361 of expenses were reimbursed to Mrs E R05s during the year. Mr J Scott was paid £440 for GleaninWGlearing seryices 13-
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 Taxatlon The charity is exempt from tax on income and gains falling wrthin section 505 of the Taxes Act 1988 or section 252 of the Taxats"on of Chargeable Gains Act 1992 to the extent that these are applied to ils charitsble objects. Tangible fixed assets Freehold land and buildings Plant and Flxturos and equipment fittings Total Cost Al 1 January 2022 Additions Disposals 191.465 320,795 220,722 1,450 110,1421 732,982 1,450 110,1421 Al 31 December 2022 191,465 320,795 212,030 724,290 Depreciation and impairment Al 1 January 2022 Depreciation ch8rged in the year Eliminated in respect of disposals 89.516 3.359 115,488 12.832 110,033 10,989 17,8761 315,037 27.180 17,8761 Al 31 Dember 2022 92.875 128.320 113,146 334,341 Carrying amount Al 31 Dember 2022 98.590 192,475 98,884 389,949 At 31 December 2021 101.949 205,307 110,689 417,945 10 Stocks 2022 2021 Raw materials and consumables 2,842 832 11 Debtors 2022 2021 Amounts falling due within one year: Other debtors Prepayments and accrued income 48.652 13,230 49,441 61,882 49,441 14-
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 12 Cr•dltors: amounts falllng duè wlthln onè year 2022 2021 other creditors Accruals and deferred income 66,654 18.795 45,355 12,350 85,449 57,705 13 Analysls of net assets tWOn funds Unrestricted Restricted nds funds 2022 2022 Total Unrestricted Restricted funds funds 2021 2021 Total 2022 2021 Fund balances at 31 December 2022 are represented by.. Tangible assets Current assetsllliabilitiesl 389.949 124,532 389.949 154,903 417.945 101,559 417.945 123,863 30.371 22,304 514,481 30.371 544.852 519,504 22.304 541,808 15-