Charlty Roglstra11on No. 1052714 Company Reglstratlon No. 03149984 IEngland and Wales) THE MATA REGAL THEATRE COMPANY LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Lentells c r, rii,li'id l. rfili,- (l A
THE MATA REGAL THEATRE COMPANY LTD LEGAL AND ADMINISTRATIVE INFORMATION Tru$lg9¥ C J Rendell P Thompson G Charnock F Owen J A Scott R P8nro$& J Coles A De Mora L Pp8r80 MPtt H R8ndt)11 S V Thomas IAppoinled 14 July 20241 IAppolnled 14 July 20241 IAppoint 14 July 2D241 IAppolnled 14 July 2D241 IAppoinl*A 14 July 2D241 IAppoinle¢ 12 May 20241 Sgcrelary A De Mora Charity nurnber (England and Wale¥l 1052714 Company numb¢r 03149984 Prlnc1p818ddr$ The Regal Theat The Avenue Minehead Somgrset TA24 SA2 Reglstered ofllce Tha Regal Thaatre The Avenue Mln8h8ad Somerset TA24 5 Ind•p•nd•nl •xamln•r Lenle115 Limited Ash 4ous8 Cook Way indon Road Taunto Som8rs4Jt TA2 68J
THE MATA REGAL THEATRE COMPANY LTD CONTENTS Page Trust88s' r8porl Independent examiner's report Stal8m&nt of flnanclal aclvStl&s 33lance sheet Noles to Ihe fin£nclal st8tsmanls 7-14
THE MATA REGAL THEATRE COMPANY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Irust8as pr888nl th8lr 8nnllBI report Bnd fin8nclal stat8m8nts for th8 y88r 8nd8d 31 Dec8mber 2024. The fin8nci818t8t8m&nt$ have b•&n prtrp8rd in a¢cord¥nc8 with Ihts ScLInting 11¢18 381 out in nolts I Ic> Ihts fin8n¢ial st818tnent$ 8nd comply with the ch8rlVs M&morandurn 8nd Artlcles of Assoc18tlon Ihe Comp8ni8s Acl 2006 and "Accoun15ng and Reportin9 by charle5.. Staternent of Recommended Practlce appllcable lo ¢harflies preparlng their accounts In accordance with the Fillancial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021. leffective 1 January 20191. Objectivos and aclivitie6 The Thealre was acquired in 1994 prv)r to incorporation in order lo follow the mair purpose ol the charty which is lo promote. maintain, imprr)ve and advance public educats'an in the arts in general and drarnatic arts in particular. It may also support any 5imilai objerAs and 4itvs ol o Ghoritabl¢ naluie. Thé Thaalro has ¢ontinued to providé Ihè Minèh68d and Wasl Somorsèt arèa with ac¢ès$ to tha dramatic arts. rhe Irusloes conlim that Inoy have Complied with the quireMentS ol section 4 of the Charrties Act 2011 to have due regard lo the public benefit guidance published by the Charity Cornmis$ign lor England and W81$s. Public bip• The Iiustees have paid due regard ID guidance issued by the Charity Commission in decidinu wha1 activities ihe charily 3hould undertak8. Achl•v•m•nts and p•rfornian¢• SignJfir,Inl r?rtiwtlè% rir.hievem•nls iigainsl ¢>l)jectivès A tÉarn ol offÈrs chalr. vlcè thalr and company sacr£tary ware eléctèd, along wlth live nèw iruslèès to join tha btsard at the 2024 AGM on July 14. Thelr prlorllias were to conllnue and 51renglheTh ihe rfch warlely of prograrnming offe to the CDmmunily with IN¥e performance productions Iiom both in-house and pro18ssicsnal touring companie3, film. corrthy. live mu81¢ 4rtd liv• 8r.r86ning8. 10 8n$urè 4 high level ol tr8n8par8ncy 8nd a¢c&38ibilily ort thè part ol Ihè bobrd of twsle68 4rtd to con$olid8te and progro8S thè iffiport8hl Governanee Revièw, Work was carried out10 strengthen ihe slruclurg and efticiency of Ihe Operations Committee, which is re$pon51ble lor the day-l04ay fLbnning o( thè th8alr8. and lo 8n¢ourago gulonomy and sell4101orminatlOn 8mong lh8 mernbar working groups in managing Iha 8M3irs of thair own d•p8rtmènl A new and well-represented Bookings arL1 Programmlng Working GrDUP wa5 forrned lo ensure transparency, accountability and a collaborativ¥ approach to programming for thts Ihealra. A new Marktsting Working Group was lorrned wrth responsibility for all asptscls of m8rktrting and lo 8nhnco thts Ihe*lr8's r8lationship with tho eommunily. The Standing Orders were amended to make il clesr thèt any Member of The IJATA Regal Theatre Co Ltd, volLJNteer or Friend ol thè Regal Is welcome to allend 2nd observ& meetings of the Board ol Trustees M4thout giving advants notice. Addilionally, Ihe truslees are keen lo ensure the reinforc&menl ol the relevant claus8 in the Standing Orders requiring that minutes ol all the main meetillgs ol Ihtr Board ol Trustees would bo made available lo volullleors or anyon¥ belonging lo a member company. Pl8n¥ Io Cir¢ul4lo 8 rnw¥slo1191 to ktrop all volunteer8 Inform ¢11 developmen18 in Ih881ra and the d&c¥$ions of the board wer impl8monted alter the Irustees, fif81 m8alin9 As in prèvious years, the Board el Trustees were able to rely upon vdunleÈrs to deliver the day-io-day business ol the theatre. Further to thi$. the volunteers ¢ortributed to various improvement projects in the theatre ranging from maierial condilion ()1 lh• building through Io ¢L4$1om8r oxp8ri8rn¢8. NaiLiral Attrition resulted in a sllgThi reducyon In volunieers compared lo the previous year. In response, tr)e trustees 8greed to SUPFQrt a rumber ol Inlliatives proposeo L)y the Volunieer Working Group io Improve how the theaire recrults. manages ano supwjrts its volunteers. Besides regular communications. the initiatives illclude belter defined role profiles, irnproved training and increased cOgl110n ol volunteers, eflorts.
THE MATA REGAL THEATRE COMPANY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Th8 BD8rd of Tru5t885 offer th8ir h88rtr81t gr8titud8 8nd admlrallon for th8 Wort( Ggrried out thrDughout th8 y88r by 811 volunteers to keep the unlque and mull-faceted 5hov4 that 15 the Regal TheBtre on thÈ roBd. Financial r•viow Income for the year un uniestricted fund5 amounted lo E154,275 whith, afler production costs of £177,462, leaves a net expenditure Df uniestricted funds gf £23,187 for the year. compgred with nel expenditure for the previous year or £4,972. Th8 net d8ficll for Ihe year Is £23,187 and the general fJnEI staTrEIs 81 £505,077, repr858nt8d by £345.254 nxgd 8ss818 gnd £159,823 net current osset. Restr18 fund incoma afflounted lo £5.934 during Iha year oul of which £5,790 was expanded. Th8 R8stricled funds at 31 D•c•mbar 2024 wèr8 £33,668 d•lglls ollthieh 8r• givèn In not8 12 lo lh• account. The Irusteés ol The MATA RÈg81 Thodtrè CarnpÉny Llmltad considèr that h ceriÈln levèl of rèseNès brè YequlrÈd In ordar lo run the company In an orderty and carèful manner. Fi8s8rv88 ar8 h8ld by Th8 MATA R8gal Th8atr• Company Limit8d In lunds.. R881ricl8d Funds and Unr•slrfct8d Funds. R&strted Funds rèprèsènt monèy tral has bèèn granted for spocitie projects. Goln9 coneem UTrreslricled Funds can be used for any purpose wthin the objects of The MATA Regal Theatre Company Lirnit6d and represent resewes which the trustees rnay coll upon lor futu use, ie.. 1. The provision and replacement cl equipment to enable the Company10 undertake its acliviiies in a professional manner has be8n made. 2. To enable the company lo absorb unfore89en expense8 in relation lo the pres8rvalion and upkeep of Ihe fabric ol Ihg building. 3. To n developmen1 work in furtherance ol the Company's objectives. The Irustegs (trl The MATA Reg81 Th9alrtr Cornp8ny Limilgd consider Ihal a cerlainlgvel ol Unrg$lri¢ltrd Funds so lai a$ repre$&ntod by cash 81 bank Should b* hold ès a resorve lo en8bl$ th& Company 8b$o>rb selb8¢k$ 8nd Ir) t8ke 8dv8ntsge ol change ano opporturilies. R¢$&Ne$ polioy The atnounl ol Res9[v ¥91 aside by thg Dir195 within thi¥ policy for Ihg year 2024 i¥ 391 al £60,00012023.. £40.0001, structurè, governan¢e and management The charlty Is a company Ilmlted by guaontee govemed by Its Memorandum and Artldes rif Assoclatlon dgled 23 J8nuary 1996 an(J amended lo allow for the current governance arrangement on 14 November 2004. It Is giSIered as a charlty wlth tho Chaiily Comrnission. Anyon¢ over Ihe a9e of 18 bEGpwne a rnembei gf the Company, cach uf whow agrees lo covliibule E3.00 in Ihe event of winding up.
THE MATA REGAL THEATRE COMPANY LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 The Irust8as who 8r8 8IsD th8 dir8Ctors for th8 purpose of CA)mpany law, and who served during th8 y88r and up to lh8 d3t8 of signature of Ihe financlal statements were.. Hartwell C J Rerdo11 P Thornpson G Chèrnoek F Ow8n JAS¢ott B R Penr058 K J Hodgkiss A T08rnan CE K8118tt J Goles A De Mora L Pearson Prati H Rendell S V Thomas IRe51gned 21 June 20241 (Resigned 17 September 20241 IR88ign8d 14 July 20241 (Appointed 12 May 2024 and resigned 11 November 20241 (Appointed 14 July 20241 (Appointed 14 July 20241 (Appointed 14 July 20241 IApF)ointed 14 Jiily 20241 (Appointed 14 July 20241 IAppolnt8d 12 May 20241 R•crultmént and appolnlm&nt of truslaes No persor other than a Member ol Ihe Company may be appointed a Trustee. One third of the Trustees retire by rotation each year and eligible lor fft-eleGtion. A Member ol Ihe Company or Ihe eo4rd ol Truslees may propuso a Perso to be 919r19d 41 gny Gpn&ral M991ing IJ ihg offiGg oITiv¥to$$ an¢ Ihg Tru3tg9s may appgint any per¥on lo bg o Trust99 to hold offic9 until the nexl Annu81 Ggfber81 Meoting. Mombeis ol thg Company 8r9 918¢ied 88 $u¢h by tho Board ol Trusleg$. The Iru6te66' report was approved by 11)e Board of Truslees. A De Mora Tru$loè 30 2025
THE MATA REGAL THEATRE COMPANY LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MATA REGAL THEATRE COMPANY LTD I r8PDrt to th8 trust88s on my ax8mination of th8 ffin8na818t8t8m8nts of Th8 MATA Reg81 Th8atr8 CDmp8ny Ltd Ith8 chBrftyl for the year ended 31 Oecember 2024. Ro8pon8ibiliti•s and ba818 ol r•port A5 the trustees of the charity land also Its directar5 fDI Ihe purpose5 of company lawl. you ara msponslble for the preparation of thg fingncial stalements in awordance with Ihe rEquiremgnls of Ihe Cofflpgnie9 Acl 2008. Having satisfied melf Ihal Ihe financial statements ol the charity are noi required lo be audited under Part 16 ol the Comp8ni8$ A¢1 8nd are 81igiblo lor in4eipt)ndgnl kix8min81ion, I roport In respgct of my oxomin8tion of th8 charity's fin8nci81 slstemènls carried out undèr s$¢lioTh 14S ol thè Charilias Act 2011. In ¢Arrying out my èxamin8lion I h8ve followad tha Dlre¢llons glven by the Charfty Commlssion undor $a¢tlon 14515llbl of the Charlllas Ael 2011. Indèpendont •xamlnerfs statement I have cornpleted my exdminalign. I confirrri Ihal rnattor5 hava come to allenlion In connection wlth Ihe oxamlnatlon giving c8use lo believ8 that In any rn8t8ri81 r8gpecl". accounting recorijs were not kept Ir respèct ol the charlly as required by sectlon 366 01 the Companies Act 2006. Ihe flnanel81 slateffnls do nol aecord wllh those r8cords,' or Ihè flnanclal statemènts do not comply wlth the accounting requlMm&nls ol sectfion 396 01 tha Companles Act 2006 ulher than any raquirement thal thg financial $talemants give a trug and lalr vlew, which is nol a matt8r con$ldered a5 part ol an Indèpsndènl axamination", or Ihe financial statements have not beèt) PrePad In ae¢ordance wh the methods and prlnciples ol the Statèment ol Recommended Practi lor accounting and reporting by charities applicable to charitie5 preparing their financial stal8ments in accordanc8 vlilh the Financial Reporting Siandard applicabl8 in th8 UK and Republic of Iland IFRS 1021. I hovè no ¢oncèrn8 and h8ve comg o¢r0s9 no olhgr metl8r8 in connoction wilh tho 8xomination lo whid) 8llenlion Should bg drown In thls pOrt In order to enable o propèr understandlng ot the fingn¢lAI gIHlemerntg lo be réacl)ed. J M Farkas ACA Ash House Cook Way Bindon Road TaLJTrton Sornersgt TA2 6BJ Dated., 1 August 2025
THE MATA REGAL THEATRE COMPANY LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestsictqd Restrirted fund$ funds Tolal Unr?stricted Restricled funds Total 2024 2024 2024 2023 2023 2023 Notes Incom• from: Donations and legacies Charilabl a¢tivili 15,192 139,083 6.5DO 15661 21,692 138,517 25.650 130.293 24,809 14001 50,459 129,893 Tot•1 inromg 154.275 5,934 160,209 155.943 24,409 180,352 EXnditr on: Charitable a¢bvities 177,462 5,790 183,252 160.915 2,503 183,418 Toial •xp•ndltur• 177,462 5,790 183,252 160.915 2,5Q3 163,418 N•t Incom•ll•xp•ndltur•l 123.1871 144 123,0431 14,9721 21,906 16.934 Tr&nslers beNveen funds 18.754 118,7S41 Net mov6m&nt in fund8 123.1871 144 123,0431 13,782 3,152 16,934 R0¢111411On of lund$'. Furtd balafiw #t 1 January 2024 52e.264 33.522 561,7e6 514,482 30,370 544.852 Fund balances at 31 Dec•mb•r 2024 505,077 33.S66 538,743 528.264 33,522 561,788 The stalemenl of financial activities includes all qains 8nd losse9 recogniged in the year. l in¢om¢ 4nd expenditure deriv¢ from ¢ontinuing a¢livilie$. Thg $181gmgnt of fflnan¢S01 a¢tlvltl8S Fjlso ¢omplie$ wlth lh8 roqulrgmgnts for on Incom$ And 9XnllUrfj 8¢¢0unl un¢er thg Gornponles Act 2L)06.
THE MATA REGAL THEATRE COMPANY LTD BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Notes Fix•d assets Tangiblp assgls 3e7. 1TI 364,196 Current assets Stocks Debtors ash al bank and in hand 2.305 29.871 221.183 3.661 40,392 189,675 10 252,359 233.728 Credllor$: amtsunl$ fllllng duè wlthln tsnè yg8r 11 181,7931 136.1381 Net current assets 171,566 197,59) Toial a55ets less current Ilabllltles 538,743 5e1,786 Tha funds of th• eharlty Re8tvicled inoome funds Unreslrlcted fun¢s 33,666 505,077 33,522 52B,264 53e,743 561,788 The company Is enliled to the exemption from the audll requirement contalned Sn secllon 477 of Ihe Companles Act 2006, fer the year 8rded 31 Decernber 2024. The directQfS acknowledge their respon¥ibilitie8 lor ¢omplying with the reouifetnenl$ ¢1 Ihp Companiey Acl 200$ wilh SpeCt to ac¢uunting roBord$ and th8 prgpar4lion ol financi81314lemgnl8. The mernber8 havo not r8quir8d th8 cornpariy lo obtain an audit of its financial stat8m8nts lor the year in qu8stion in ecordance with secllon 476. Thes8 financial slalernents have been prepar8d in accordance with th8 provisions applicable lo cornpanies subi&cl to th8 smo11 iy)mpKJni88 regime. Th* finanoal stat4mgnt5 w4rg Jpprov¥d by th• Iru5tW4 on 30 July 2025 A Dg Mora Tru$loo Company r8g15tratiun numb8r 03149984 (England and Wa18sI
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policie8 Charity infomiation The MATA Regal Thedtrè Company Ltd Is £ private Company Ilmrted by gLJarÈntae Incorporbted In England and WÈles. The regIsted offi.ce Is The Règal Theatrè. Thè Avenu&, MlnÈh2ad. Somersat, TA24 5AZ. 1.1 Accounting conventlon The finan¢ial statement5 have been prepared in a¢cordan¢e with the charily's governing document, Ihe Companie5 Act 2006. FRS 102"Th8 Fin8n¢ial Rt)porting Stan(J8rd applicabl• In th8 UK Rtipublic ol Ir81gnd' and lh¥ Chariliés SORP 'Ae¢ountlng and Reportlng by Ch8rttl¢s. St8temtrnt ol Reeornmended Pracfjce 8pplle8ble lo ch8rltle$ prep8rfng Ihelr beeounls In accordhnte wlth the Fln8nelAI Rèportlng Standard appllcable In the UK and Republlc ol Irèland {FRS 1021" The charfiy Is a Publlc BeneYIt Enbiy as deflned by FRS 102. The charity has t8k8n odv8ntag8 of Ihe provisions in th8 SORP for Charities nol lo pr8pÈir8 Ll Stat8m&nl ol cosh flows. The financial 81at8m8nls are prepared in sl8rfing. whioh is ih8 lunclional Currenoy ol ihe charity. Mon8iBry amounts in Ih8s8 financial 81alements ar8 round8d lo the n8aresl £. The financi81 stalern8nlB hav8 be8n pr8p8red und81 the histori1 cost (x)nvenlion. The princip81 accounting policies adopted are sel out below, 1.2 Going concern Al the Ume of approving the Ilnancial glalernents, the Iruslees have a reasonable expectallon trat the charbly hag adequate resources Ip cpnlinue ITr pperatnl exi51eTrGe lor the foreseeable lulure. Thus the Irusteeg GOv.ue lo adopt Ihe going concern basis ol acwunling in preparing the financial slalements, 1.3 Charltable lunds Unrestricted fLinds 8vall8blé for u88 èl the discrotlon of th8 Iru8tées In fufihérèrcé of thèir charflArJlo obl*ctlvès, R¢$lD¢ted fund8 8r8 subjeel to 8pocrfi¢ ¢orndilions by dontr8 or or8nlors 88 to how Ih6y rn8y be u8•d Thè purp0888 and uses of the restricted lund5 are set out In the note5 10 the financial statements. Endowment funds are 5ubjecl10 specific conditions by donors that the ¢apilal musl be maintained by the charily. 1.4 In¢tsmè Inm8 1$ r¥¢ognisod whgn Ihl) d)grity 1$ Iggally ¥nlitl8d lo il 4ft8r any p8rlormanGg condilions h8v• b8on mgt. th¥ amounls can be me8sured rellably. And It Is probable that Income wlll be reIved. Cash donations ar8 recognisad On rectript. Olher dDnatiuns are recognised onc& thtr charily has been notified ofthe donaliun, unless p8rformanc8 condilion5 require dfjl8rr81 ol the amount. Incom8 lax rEeovtrmble in rtslatiDn to don¥lions recelved under GM Ald ar deeds of ttCJven8ni is rèeognised Bt the lime ol Ihe donatlon. Legacies a cognIsed on receipi or 01herlse il the charily has been notified Df an Impending distribution. the amounl is thown. receipt is ext)eGted. If Ihe amounl 15 not the legacy is treated a3 a colIn9en1 assol.
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng pollcles {Contlnuedl 1.5 Exponditurn Expenditure 15 recognised On there 13 a legal ar constructive obligation to transfer economic benefit to a third party. it is probable Ih3t a transfer of economic benefits wqll k required in setdemenl. and the amount ol Ihe obligation can be measured reliably. Exparnditurè is classifi•d by activity The cosls of aach activity are madb up of tha total of diract cosls and shar6d cosls, Induding support costs involved in undertaking each activity. Direct costs altributable io a single activity aro allocated directly to thal activity. Shared casts which contribLrte to mDre thall olle aclivity 3nd supporl CDs15 whith ar2 nut allributable to a Single 8Ctivity are 3pportigned betwepn those activities bag15 cunsislent with the use of resources. Contral sl8ff rA>815 wre alloc81gd on th8 basi5 of utn8 sp8nl, and d8prgclg11oTr tharggs arg 8110¢91gd on th8 poriion of th8 asset's use 1.6 Tanglblè flx•d assots Tanglble fixed assets are Inlllally measured gt cost and sub5equenlly measured at cost or valu2fjon, net of depredatlon ana any Impalrment losses, Depre¢l8tion is r¢cognl$od so as lo wrtttt off thè cost or vAlJAtlort of È85èts lès$ thair re8lduBI valués ovèr thèir u$eftJl lives on the lollowing base5'. Fréehold land and buildings Plant ond equlpment Fixluros and fittings 2014 Straight lin8 4Uk Straight Ilne 10°A Reducing balanc4 Thè gain or10$8 erislrnu on th8 dispo$81 of 8n 88s8118 dèt•rmirn8d 88 lh8 dilfor8nc8 b81w•8n tha s&1* proceeds and thè ¢arTr4ng value Of th8 889•1, and13 re¢ogh18•d in th• 8tat8M6nt of fih8ndal È¢tlvirlo8. 1.7 Impalrrnent of flx•d a550ts At each pOrting end date. the chanly revlews the Carn9 amounts of Its tanglble assets lo determine whether thorè is any indication that those assets have •Lthered an impairment loss. 11 any such indicaiion exists, the recoverable amount ol the as?et is eslimaied irn order lo determine the exlenl ol the imp8irmenl105s lil any). 1.8 Stocks Stocks a stated at Ihe lower of cost aThd eslimated selling price less ¢osls to Complete and seii. Cogt comprises diwl materials and, where applicable, direct labour costs and those overheads thal have been incuryed in bringing the stcths io their pres¢nl location and condition. Items held lor distribution al no or nciminal gjnsideralion are measured Ihe lower of repl&etrmenl ensl and cosl. N•1 r8alisablè Is th8 8Stltna1ed 58111ng prSca 18ss all 8s11mated costs ol Compl8(}n and cosls to incurr8d Sn marketing. sèlling and distribLJtian. 1.9 Cash ond ¢88h gqulvalgnt8 Cash and cash equlvalents Include cash In hand, deposit5 held at call banks, Other short-lerm Ilquld Investments wilh original maturitse5 uf thraa molllhs or less. and bank overdrafts. Bank overdrafts are showrn within burrowings in curienl lisbllitl85.
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounllng pollcles {Contlnuedl 1.10 Financial in8trum6nts The charity has ÈlÉcted to apply the provi5ioTrs of Section 11 'Basic Finanai81 In51ruments' and Sedion 12 '01her Fin3ncial Instwrnents Issues. of FRS 102 to all of its financial InstrurnentS. Financial inslrumants ar8 r8cogrnisad in Iho (arity's balanc$ sh86l whon lh6 ¢harily bè¢omas party to th8 conlraclual provisions DI th$ instrum8nl. Financial a55e15 and liabilities are offset. wilh the net amounts presented In the finaTrGial slalemevts, when there 15 legally enlor¢eable [ht to sel off the recognised afftoun15 and there an Irtention to settle on a nel b8819 or lo realise lh8 ass01 and selllo lh9 IlabllSty 8lmullan8ously, 889k flnanclelassets Basi¢ fin8n¢i81 a$sg18. which in¢ludtr dgbl¢r$ 4niJ ¢a8h ond bank b#lan¢g5, 419 initiolly ma$urgd 81 ir4rnsa¢tion pri¢9 indyding Ir8nsa¢tion costs and arg svbsaqu$nlly c8rriod al 8mortisod coal usillg th¢ affectivè inl8rasl method unla&% the arrangement consliiutes a flnandng transacllon. where the Iransacllon Is measured al Ihe present Yalue Of the future receip15 discounled at a markel rale ol interest. Financial as5e15 classified as rpceivablE wilhin one year are not amorlised. Ba8lc flnanclalll•bllltlo6 Basic finaneial liabilitiÈS. inelLJding credilors and bank loan5 are initially recognised at transaction price nIes$ thÈ aangeMent conslilule5 a financing transaction, where the debt In51rumenl is measured al the present value ol the future payrnen15 discounted at a market rale ol inleregt. Financial liabilities classified as payable wilhin olle year aro not amob11s•d. D•bt Inslrumants are subsequently rarrled al arnO58d cost. uslno th• •ffectiv8 Inleresl ral8 method. Tr8d8 ¢r&dilors arts obllg81ions io pgy lor Goods or garvicès Ih81 have b&8n a¢quir8d in Ihè ordlnary ¢ours8 of operatlons from suppliers. Amounts p8yable are cl8sslfled as eurrent118blllties If paymènt is due withln one ye8r or less. If not, they 2re presented as non-current Ilabllltles. Tr8de credltors sre recognls&d Initially él trènsacfior prleè ènd subsequently measured at amortlsed cost U51ng the effectlve Intere51 rnethcmj. D•rncognlllon of Ilnancl¥l Ilabiliti•5 Financial liabilities are dergcognisgd when Ihe charity's CDntractual obligation5 expire or are discharged or cancelled. Crltlcal accountlng •stlmat•s ind ludgemènts In IhÈ applie.A1ion of thÈ chAriIy 9 8cc.tsun1ing policie5. thè trnstÈes a oquir?d tn makp judqprnen15, e8timAtes and assumptions about the EarTrrynq arnounl of assets and liabilities IhBI are not readily apparent from other source5. The ¥stimatos and associalgd assumplio)ns arg basgd on hi8lori¢¥l 9xri8nc 8nd olh¥r factors that consid8rwJ to b r•18v8nt. Actual r8sults may diff•r from Ih•s• •stimat8S. The estirnates and underfying assumpoons are revlewed on an ongolng basls. Revlsions to accounbng estlmatès are recogni59d in the period In which the estirnate Is revised where Ihe re&i5ion affects only that period, or in the period of IhB r8vision fulure pBriods whèr8 the r8wision affects bulh rllrr8nl 8nd future P8riods.
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THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from charitable activities Charitable actlvltles 2024 Charilable actlvltle$ 2023 Sale ol goods Services provided under contract Sales ot 8erwi¢g$ by n911Clane$ Cfvaritable rental Inm9 other income 71.191 3,800 47.150 3,908 12,868 72.420 3,160 40.416 674 13.223 138,517 129,893 Anatysls by fund Urresirlcied funds R8Strict8d lunds 139,083 15661 130,293 14001 138,517 129,893
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Charitable a¢tiviti88 2024 2023 Depr8C4alion and impaiimenl R6pairs and rènw8ls èl•clrical and prop8rty Relreshmenl and bar costs Printing. pos1age and slationary 27.717 23,3a1 21,958 56 2.201 9,413 24,32g 10,723 13,65g 15.827 785 532 3,6Q9 720 5,427 13,649 7.246 1,500 26.103 17,855 18,819 81 2,201 1,5B9 24,670 8,857 11,862 15.707 956 1.505 4.532 1.022 4,219 11,093 9.705 2,640 Rates and water Heat aNJ light Insur8nc8 Production costs Equipni8nl r8pairs and waste disposal Publicty and dlrect prlnllng costs Sundry expenses Prole88ional fees and subscriptions Telephonè Performing rights and license8 Bank and card cfvarg85 Adveriising and proniolions Accountancy 183,252 163,418 163,252 163,418 Analysls by fund Unre51ri¢led fund8 Rostncted lunds 177,4E2 5,790 160.91 S 2.503 183,252 163,418 TNstees No irustee$. nor ony person$ Connled with them, have reiVed any remunerati¥n in re8pe¢t 91 their $eNic$ 8$ Iru8tefjs Irom thfl ¢h8rSly during thg year. During Ihe year the charty made the folluwlng Iransaellons wllh Iruslees. J Scoti- £012023.. £5671 for cleaninglcleariTrg seryices M H8rtwell - t35012023.. £1.3251 ol reimbursed expenses. P Thompson . £57712023.. £3611 of relmbursed 8xpenses. B Penrose- £1.941 12023.. £8131 ol relmbursed expenses. A Tc¢rnan - £012023.. £131 of reimbursed exFenses. C Rend811- E27412023.. £01 of reiwnkHJrsgd 8XP8n5es G Chamock- £5.90312023.. £01 of reitnbursed expenses. A De Mora - £3412023.. £0} of reirnbur8ed expenB88. K Hodgkiss- £72812023= £0) of reimbursed expenses. 12-
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Taxation The ¢h¥rily is ¥xempl from 18x on in¢om8 and g8iny f811ing wilhirn $8¢uon 505 of the T8$ Acl 1988 or $¥¢tion 252 of Iha Tax8Uon of Ch£ige8bl& Gains Act 1992 to th& extenl th8t thes8 8re &ppli9d to Ils chaiit8bl8 objec1$. Tanglbl• flx•d a88•ts FrDohold land And building5 Plant Ind oquipmont Fbxtur•¥ and fith'ny5 Total Cosl Al 1 January 2024 Addltlons 191,465 320.795 212,380 30,69e 724,640 30,698 At 3108cefflber 2024 191.465 320.795 243,078 755,338 Depreclatlon and Impalrment At 1 January 2024 Depreejalltsn charged In the year 96.234 3.359 141.152 12,832 123,058 11,526 360,444 27,717 Al 31 Oecemt¢r 2024 99.593 153,984 134,5e4 3e8,161 Carrylng amount At 31 09camb8r 2024 91.872 166.811 108,494 367,177 Al 31 December 2023 95.231 179.643 89,322 3E4,196 stocks 2024 2023 Raw materials and consumableg 2.305 3.661 Debtors 2024 2Q23 Amounts iallln9 due wlthln one year: Trade dgblorg Other debtor5 Pr8p8yrnents 8nd 81zrued incDme 149 23,722 151 39,861 2g.871 40,392 13-
THE MATA REGAL THEATRE COMPANY LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Creditors.. amounts falling due within 4)ne year 2024 2023 Other creditors Ac¢ru819 and dofgrred in¢ome 24,(hlO 57,793 16,704 19,434 81,793 36,138 12 AnalyBiS of net ajjsets belwvon fvnds Unrestrlcled Rerfcted funds 2024 Total 2024 2(J24 At 31 D•¢omtr)or 2024: Tangible assgls Current asselsllliabililies} 345,234 159,823 21,923 11,743 367,177 171,566 505,077 33,8e6 538,743 unr¢strI1 funds 2023 Total funds 2023 21Y23 At 31 Dècémbor 21J23: Tangible assels urrenl assellliablllllesl 364. 196 164,068 3e4,196 197,59) 33,522 52e,264 23,522 561,786 14-
This dociiment w'as delivered Usillg electronic Coiilliiiinicatioiis and authellticated iii accordance with the registrar's rules relating to electronic fomi, autheiitication and manner of deliiery under section 1072 of the Q"oiiipaiiies Act 2006.