TYNEMOUTH PRIORY THEATRE (A company limited by guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 COMPANY NO.3407455 CHARtrY NO. 1071165
TYNEMOUTH PRIORY THEATRE Contents Independent Examiner's Report 2-3 Report of the Directors and Trustees Statement of Financial Activities Balance Sheet 6-9 Notes to the accounts The following page does not form part of the statutory accounts 10 Detailed Statement of Financial Activities
Independent examinerfs report to the trustees of Tynemouth Priory Theatre I report on the accounts of the company for the year ended 31st March 2025, which are set out on pages 2 to 9 RespectSve responslbllltles of trustees and examlner The trnstees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The trustee5 consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. it is my responsibility to: examine the accounts under section 145 of the Charities Act: follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5){b) of the Charities Act; and state whether particular matters have come to my attention. Basls of Independent examinerfs 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 CordS. It also includes consideration of any unusual items or disclosure5 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, and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection with my examination, no matter has come to my attention to indicate that: • accounting records have not been kept in accordance with section 386 of the Companies Act 2006. the accounts do not accord with such records: they fail to comply with relevant accounting requirements under section 396 of the Companies Act 2006, or are not consistent with the Charities SORP IFRS102) there is any matter which, in my opinion, should be drawn to the attention of the reader to gain a proper understanding of the accounts J T Hogg ACA 38 Stanhope Road South Shields NE33 4BT Date: 19th August 2025 page I
TYNEMOUTH PRIORYTHEATRE DIRECTORS, REPORT YEAR ENDED 31st MARCH 2025 The directors have pleasure in presenting their report and the unaudited financial statements of the charity for the year ended 31 st March 2025 INTRODUCTION This report is both the directors report required under the Companies Act 2006 and the trustees, annual report under the Charities Act 2011. LEGAL STATUS Tynemouth Priory Theatre is a private company limited by guarantee, No 3407455. incorporated in England and is registered charity No. 1071165. It was incorporated on 23rd September 1997 and is governed in accordance with its Memorandum and Articles Of Association. and commence(l operations on 1st April 1999. The Companrfs Registered Office is Percy Street, Tynemouth. NE30 4HA. OBJECTIVES OF TYNEMOUTH PRIORYTHEATRE The principal objective of the Theatre is to promote the advancement and improvement of general education in relation to aspects of the art of Drama and the development of public appreciation of such art. STRUCTURE, GOVERNANCE AND MANAGEMENT The members appoint three trusteeldirectors being the Chaiman. Treasurer and Secretary. In addition a management committee is appointed at each Annual General Meeting to manage the operations of the charity. Th8r8 are no full time employees and no rernuneration is payable to directors or committee members for management duties. The directors who served the charity during the year were as follows: Mrs A Leake (resigned 17 September 2024) Mrs R H Hardy Miss V Lockey Ms J Hope {appointed 17th September 2024) ACHIEVEMENTS AND PERFORMANCE There were 4 productions during the year (2023 5 productions) as the theatre conlinued to recover from the effects of Covid 19. VOLUNTARY HELP The Theatre is run entirely by voluntary help. coveriNJ tkEatrical, administrative and trustee work. page 2
TYNEMOUTH PRIORY THEATRE DIRECTORS. REPORT- continued YEAR ENDED 31st MARCH 2025 PRODUCTIONS DURING THE Y There were six productions during the year Income from plays was as follows Sales Costs Surplus 5,704 8,506 4,868 6,438 9,163 7,336 Lord Arthur Savile's Crime BlaGkadder Thrill of Love Notes From A Small Island Cinderella Boeing Boeing 7228 9940 6089 7708 14432 8,606 1524 1434 1221 1270 5269 1.270 Total 54,003 11,988 42,015 RESULTS AND FINANCIAL REVIEW The results for the year and the chariivs financial position at the end of the year are sht)wn in the attached financial stat8ments.lt is the policy of management to accumulate sufficient reserves to provide for running costs and improvements to the theatre, although no specific amounts have been sel. Of the accumulated reserves, those relatig to fixed assets are not available for running costs{see note 13) PUBLIC BENEFIT As ststed above, the principal objective of the Theatre is to promote the advancement and improvement of general education in relation to aspects of the art of Drama and the development of public appreciation of such art. This is achieved not only by presenting the Theatre's ovm productions but also making the building available for other groups and societies, thus benefiting the public in the sum)unding area. Signed by order of the directors Registered office: Percy Street Tynemouth V Lockey Chair Approved by the directors on the 19th August 2025 page 3
TYNEMOUTH PRIORY THEATRE STATEMENT OF FINANCIAL ACTMTIES YEAR ENDED 31st MARCH 2025 Note Restricted Unrestricted 2025 2025 Total 2025 Total 2024 INCOMING RESOURCES Incomlng resources from generated funds: Voluntary income.. Grants and Donations Investment Income Incoming resources from charitable activities TOTAL INCOMING RESOURCES 13.032 697 67,230 80.959 13,032 697 67,230 80.959 9,061 40,712 50.253 RESOURCES EXPENDED Charitable Activitles Governance Costs 21.258 31.799 21.258 31.799 10,908 29,583 TOTAL RESOURCES EXPENDED 53,057 53,057 40,491 NET INCOMING RESOURCES FOR THE YEAR 27.2 27,902 9.762 Balance brought fotward 4.000 361.743 365.743 355,981 Balance carrfed forward 4.000 389,645 393,645 365,743 The statement of financial activities indudes all gains and losses in the year. All incoming resources and resources expended derive from continuirvJ activities. page 4
TYNEMOUTH PRIORY THEATRE BALANCE SHEET AS AT 31st MARCH 2025 2025 2024 FIXED ASSErs Tangible Assets {note 9) 304,885 306,081 CURRENT ASSETS Debtors (note 10) Cash at bank and in hand 4.528 90.073 94.601 4.739 62,416 67.155 CREDITORS:Amounts falling due within one year {note 11) 5,841 7,493 NET CURRENT ASSETSI(LIABILrriES) 88,760 59,662 TOTAL NET ASSETS 393,645 365,743 FUNDS Restricted Unrestricted (note 12) (note 12) 4,000 361,743 365 743 389,645 393 645 For the year ended 31 st March 2025 the company was entided to exemption from the audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question under section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparats'on of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordanc8 With FRS102 SORP Approved by the directors on 19th August 2025 and signed on their behalf by: Miss V Lockey Mrs R H Hardy page 5
TYNEMOUTH PRIORY THEATRE NOTES TO THE FINANCIAL STATEMEiirs YEAR ENDED 31st MARCH 2025 ACCOUNTING POLICIES Basis of a¢countlThg The fIrCIal slalements have been preped under Ihe histortcal cost ¢Vention, with items re¢ognlsed al cosl and in accordance %wth the Statement of Rècomrnndad Practice.. Acwunting and Repon9 by Charilies preparing their accwnts in accordan vrith the Financial Reporting Sl8rKlaTd 8pplicabl8 in the UK {FRS 102) issued on 16 July 2014 Change of Accounting Pollcy The accounts present a true and fair view and no changes have been made to accounting policies or estirnates. No rnaterial PfiLK year e[rU have been identified in the accountsng peri¢MI. R•cognition of income All incoming resources are included in the Staternt of Finoncial Aclivities (SOFA) when the charity is entied to the income, it is rn0 than likely that thè in¢¢yne wll bo rgC9iVgd and the monetsry value can te Tr&isured sUfficnt rekbliAy Offsetting There has been no offsetting of assets e4xI Ilthlltlgs, or irwrre and exp9nsgs. Grants and donations Grants ané donations are onty Incl in the SOFA Nthen ts general irKome recognition criteria are mel. In¢om• from Membershlp $ubs¢rlptlons Membership subscriptions which give a merrthr the rJht to servlces or other b8nefits are recognises as income from charitable a¢tivitw. Expenditure and liabilities Expenditure is recognise(l on an acuuals basis a$ a Ik?bifty is incJJrred. Charitable expenditure comprises Ih05e c0515 incurred by ts chwity in delr4ery of its activitjes and services. Govemance costs include those costs associated meeting Ihe constitutional and st2tutory reqLiirements and include all management. prernTses and administralive costs. Delerred incLvne 15 include(l as a liabilty in Ihe accounts. Tanglbl• Flx•d as¥•ts These are c8pit81ised if they can be used mrye than om aKI thgw cost is onsidered material. They a valued at Cosl. The depreciation rate5 and methc*Js used are thscbsed in rth 9. Debtors Debtors are measured on initial rewnilion at settlement amclmt and subsequenty measured at the cash or other consider8tk)n expg(#ed to be rg¢eivgd.
TYNEMOUTH PRIORY THEATRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 Income Donations and Legacies Restricted Unrestricted Total 2025 Total 2024 Donations and grfls Other 12.089 943 13,032 12,089 943 13,032 7,969 1,092 9,061 Charitable Activities Income from plays Subscriptions Other 54,003 2.125 11.102 67,230 54003 2.125 11.102 67,230 36016 1.581 3,115 40.712 Income from investments Interest on bank deposits 697 697 480 Total income 80,959 80,959 50,253 CHARITABLE ACTIVITIES Restricted Unrestricted Total 2025 Total 2024 Provision of charitable services Expenditure on plays Stage materials Donations given Cosl of ancilliary sales Other costs 11,988 1,961 11,988 1,961 6693 3,150 883 70 112 10.908 5,052 2,257 21.258 5,052 2,257 21.258 GOVERNANCE COSTS Restricted Unrestricted Total 2025 Total 2024 General overheads 31.799 31,799 29,583 31,799 31,799 29,583 TOTAL RESOURCES EXPENDED Staff costs Depreciation Other costs Total 2025 Total 2024 Charitable Activities Govemance Costs 21.258 30,603 51.861 21,258 31,799 53,057 10,908 29,583 40,491 1,196 1.196 page 7
TYNEMOUTH PRIORY THEATRE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31st MARCH 2025 INDEPENDENT EXAMINER 2025 2024 Independent examinerfs fees Other fees- consultsncy and accountancy Other expense- Software subscription 780 496 432 1708 780 412 408 1600 STAFF COSTS AND NUMBERS The Theatre does not employ stsff. TAXATION As a charity, Tsmemouth Priory Theatre is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity. TANGIBLE FIXED ASSETS Freehold Property Fixtures Fittings & Equipment Total Cost At 1 st April 2024 Additions At 31st March 2025 301,297 72,588 373,885 301,297 72.588 373,885 Depreciation At 1 st April 2024 Charge for year At 31 sl March 2025 67,804 1.196 69.000 67,804 1.196 69.000 Net Book Value At 31st March 2025 301.297 3,588 304,885 At 31 st March 2024 301,297 4,784 306,081 Depreciation Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value. over the useful economic life of that asset as follows: Fixtures fittings and equipmenl_ 200/0 per annum straight line No depreciation is provided on the freehold building as it is the charitys policy to maintain the building in such condition that ils value is not diminished by the passage of time. Such expenditure is charged in the Statement of Financial Activities. The value of the building is regularly reviewed to ensure that its market value is not lower than its book value and the trustees consider market value to be materially in excess of cost. page 8
TYNEMOUTH PRIORY THEATRE NOTES TO THE FINANCIAL STATEMEKrs YEAR ENDED 31st MARCH 2025 10. Debtors and Prepayments 2025 2024 Debtors and prepaentS 4.528 4.739 4.528 4,739 11. CREDrfoRS:Amounts falling due within one year 2025 2024 Accruals and deferred income 5.841 7.493 5,841 7,493 Deferred income {in¢luded above): Ticket sales received in advance 5.041 6,672 12. MOVEMENT IN FUNDS Opening Movement Transfer Ch)sing Unrestricted Fund General fund Bursary Tolal Unrestricted Funds 351.r19 9,964 361.743 27.902 379,681 27.902 389.645 Restricted Fund: Building extension Total 4.000 365.743 4.000 393.645 27.902 BURSARY The bursary is an unrestricted furKI donated lo help fund the theatre's activities. PURPOSE OF RESTRICTED FUND Building extension.. The fund conslsts of grants received to assist with the costs of building an extension to the theatre, work on wthich was completed during the year ended 31st March 2010. 13. ANALYSIS OF NET ASSEfs IN FUNDS Tangible Other Net Totsl Fixed Assets Assets Unrestricled funds Building extension fund 31KI.885 4,000 304.885 88,760 389,645 4,000 393.645 88.760 Of the net funds of the Gharity. £304.885 comprise fed assets and do not therefore represent liquid ftjnds readily convertible to cash and available to use for operations. TRANSACTIONS WITH TRUSTEES AND RELATED PARTIES There are no transactions wilh trustees to report . 14. COMPANY LIMITED BY GUARANTEE The liability of each member in the event of the company being Vrtnd up is limited to £1.00 pag8 9