Charity registration number 1072947 (England and Wales) MACCLESFIELD MAJESTIC THEATRE GROUP ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024
MACCLESFIELD MAJESTIC THEATRE GROUP LEGAL AND ADMINISTRATIVE INFORMATION Charity name: Macclesfield Majestic Theatre Group Charity registration number: 1072947 Charity address: 113 South West Avenue Bollington Macclesfield Cheshire SK10 5DX Trustees P Yandell D Dale J Clarke P Mauri S Clayton L Bunka L Clayton E Knutton K Clarke J Rogers J Wood D Hulme (Retired 5 February 2024) (Appointed 1 December 20231 (Appointed 1 October 2024} Independent examiner M J Pace ACA CTA Josolyne LLP Merchant Exchange Waters Green Macclesfield Cheshire SK116JX Bankers Nationwide Building Society Cheshire House Castle Street Macclesfield Cheshire SK116AF
MACCLESFIELD MAJESTIC THEATRE GROUP CONTENTS Page Trustees, report Independent examinerfs report Receipts and payments account Statement of assets and liabilities Notes to the financial statements
MACCLESFIELD MAJESTIC THEATRE GROUP TRUSTEES. REPORT FOR THE YEAR ENDED 30 NOVEMBER 2024 The trustees present their annual report and financial statements for the year ended 30 November 2024. The financial statements have been prepared in accordance viith the accounting policies set out in note 1 to the financial statements. Objectives and activities The objects of Macclesfield Majestic Theatre Group are.. To educate the public in the operatic and dramatic arts, to further the development of public appreciation and taste in the said arts (to assist and further such charitable institutions and charitable purposes, as the committee shall from time to time detemiine) and in the furtherance of this.. To promote plays, drama. comedies. operas, operettas. and other dramatic works of educative value. To purchase, acquire, and obtain interest in the copyright of, or the right to perform or show any such dramatic or operatic works. To purchase or otherwise acquire plant. machinery, fvmiture. fixtures. fittings. scenery and all other necessary effects. To sell, lease or dispose of all or any part of the property of the Society subject to any consents required of a Charity by law. To raise funds and invite and re1ve contributions from any person or persons whatsoever by the way of performance fees, donation or otheISe, providing that the Society shall not undertake any pemianent trading activities in raising funds. To co-operate with other Charities, voluntary bodies and statutory authorities operation in furtherance of the objects, or of similar charitable purposes. and to exchange information and advice with them. To establish or support any charitable trusts. associations or institLrtions formed for all or any of the objects. To do all such other things as shall further the objects of the Society. The Trustees have considered the Charity Commission's guidance on public benefit. The Theatre Group relies on performance fees and ticket sales to cover its operating costs. In setting the level of performance fees and ticket prices, the trustees give careful consideration to the accessibility of the Theatre Group and its productions to the whole of the general public. The trustees have paid due regard to guidan issued by the Charity Commission in deciding what activities the charity should undertake. Achievements and performance The Society is run by the tnjstees are all volunteers so therefore do not receive payment in Y way. We have close links with both dramatic and operatic Societies within the Borough where our members are also members of other Societies and backstage departments and assist in each other's productions. Over the past year, the society perfomied its annual pantomime in January. a concert in May and a show in September. Each production was organised by its own production team and closely monitored by the Management Committee. Financial review The Trustees have reviewed the charity's need for reserves in line vrith the guidance issued by the Charity Commission and have set the level of free reserves which should be maintained at a level equivalent to beeen three and six months expenditure. The trustees also ensure they hold £12,000 on reserve to be applied against any liability arising in respect of the original lease of the Jodrell Street premises, on which guarantors are named. This lease was drawn up in 1996 and has subsequently been reviewed in 2001. 2007, 2013 and 2018. In 2023, the lease was granted for a further 5 years to 31 March 2028. The trustees have assessed the major risks to which the charty is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
MACCLESFIELD MAJESTIC THEATRE GROUP TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Structure, governance and management Macclesfield Majestic Theatre Group is a registered charty. The charity was formed on 14th December 1998 under the Declaration of Trust executed on this date. It took over on 1 Dember 1998 the activities previously carried on by the unincorporated body Macclesfield Majestic Theatre Group. The trustees who served during the year and up to the date of signature of the financial statements were.. P Yandell D Dale J Clarke P Maurice S Clayton L Bunka L Clayton E Knutton K Clarke J Rogers J Wood D Hulme (Retired 5 Febwary 2024} (Appointed 1 December 2023) (Appointed 1 October 2024) The trustees, report was approved by the Board of Trustees. P Yande Trustee 03108125
MACCLESFIELD MAJESTIC THEATRE GROUP INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MACCLESFIELD MAJESTIC THEATRE GROUP I report on the financial statements of the charity for the year ended 30 November 2024, which are set out on pages 4 to 9. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the financial statements. The charity's trustees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examinats'on is needed. It is my responsibility to= examine the financial statements under section 145 of the 2011 Act., (li) follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5){b) of the 2011 Act- and (iii) state whether particular matters have come to my attention. Basis of independent examiner's port My examination was carried out in accordance wth the general Directions given by the Charity Comm ission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statemenls presented with those records. It also includes consideration of any unusual items or disdosures in the financial statements, and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and the report is limited to those matters set out in the next statement. Independent examinetrs statement In connection with my examination, no matter has come to my attention" (a) 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 (li) to prepare financial stalements which accord wth the accounting records and comply with the accounting requirements of the 2011 Act,. have not been met or (b) to which, in my opinion, attention should be dravm in order to enable a proper understanding of tFE financial statements to be reached. Merchant Exchange Waters Green Macclesfield M J Pace ACA CTA Josolyne LLP Chartered Accountants
MACCLESFIELD MAJESTIC THEATRE GROUP RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30 NOVEMBER 2024 Unrestricted funds Total 2024 Total 2023 Notes Donations and legacies Charitsble activities other trading activities Interest on deposit account 4,770 46,807 3,043 1,259 4,770 46,807 3,043 1,259 5,566 44,857 3,474 968 Total receipts 55,879 55,879 54,865 ments Costs of raising funds Costs of charitable activities Purchase of fixed assets Governance costs 734 48,504 6,530 1,140 734 48.504 6,530 1.140 1,068 37,790 4,536 Total payments 56,908 56.908 43,394 Net of {payments)Ireceipts (1,029) (1,029) 11,471 Cash funds brought forward 39,535 39,535 28,064 Cash funds carried fOard 38,506 38,506 39,535
MACCLESFIELD MAJESTIC THEATRE GROUP STATEMENT OF ASSETS AND LIABILITIES AS AT 30 NOVEMBER 2024 2024 2023 Notes Cash funds Current account Deposit accounts 14.515 23,991 16,240 23,295 Total cash funds 38.506 39,535 Funds Unrestricted funds 38.506 39.535 38,506 39,535 Assets retained for the Charity's use {Note 12} 64,850 58,320 01107125 e financial statements were approved by the Trustees on ......................... LknknJLQ . M(1 P Maurice Trustee
MACCLESFIELD MAJESTIC THEATRE GROUP NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024 Accounting policies Charity information Macclesfield Majestic Theatre Group is a registered charity, registered on 14 December 1998 under the declaration of trust executed on that date. 1.1 Accounting convention The financial statements have been prepared using the receipts and payments basis. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statenent of Cash Flows. The financial statements are prepared in sterling. vthich is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The principal accounting policies adopted are set out below. 1.2 Going concem At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trLStees continue to adopt the going cOnM basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtheran of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. 1.4 Receipts Income is recognised on receipt. 1.5 Expenditure Expenditure is recognised vthen payment is made. Expenditure is classified by activity. Expenditure includes any VAT and is reported as part of the expenditure to which it relates. Expenditure on raising funds indudes all expenditure incurred to raise funds for charitable purposes. Expenditure on charitable activities comprises those costs incurred by the Charity in the delivery of its activities and services for its beneficiaries. It indudes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Other costs include all expenditure which is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated on a basis designed to reflect the use of the resource. 1.6 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
MACCLESFIELD MAJESTIC THEATRE GROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Donations and legacies Unrestricted funds Total 2024 Total 2023 Donations and gifts 4,770 4,770 5,566 For the year ended 30 November 2023 5,566 5,566 Donations and gifts Sponsorship Donations Performance fees 1,225 1,225 760 2.406 2,400 3,545 3,545 4,770 4,770 5,566 Charitable activities Unrestricted funds Total 2024 Total 2023 Ticket sales Income from social events 46.807 46,807 44.608 249 46,807 46,807 44,857 For the year ended 30 November 2023 44,857 44,857 Other trading activities Unrestricted funds Total 2024 Total 2023 Income from costume hire Income from equipment and stage hire Programme sales Sundry sales Raffle sales I cream and sweet sales 50 180 725 107 809 1,172 50 180 725 107 809 1,172 218 1,246 266 331 1,413 Other trading activities 3,043 3,043 3,474 For the year ended 30 November 2023 3,474 3,474
MACCLESFIELD MAJESTIC THEATRE GROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Interest on deposit account Unrestricted funds Total 2024 Total 2023 Building Society Interest {Gross) 1,259 1,259 968 For the year ended 30 November 2023 968 968 Costs of raising funds Unrestricted funds Total 2024 Total 2023 Fundraising and Publicity 734 734 1,068 For the year ended 30 November 2023 1,068 1,068 2024 2023 Costs of charitable activities Donations Theatre hire Royalties, scores etc. Orchestra Rehearsal rooms Light and sound Stage Producersl choreography Props Gas supply NODA subscriptions Printing, stationery and postage Repairs and renewals Wardrobe Insurance Gifts and flowers Internet subscription Credit card processing charges 50 7,342 8,664 3,600 1,500 7,562 3,424 1,250 222 548 215 349 537 519 1.247 476 172 113 10,100 3,259 5,509 6,000 10,155 4,729 1,829 389 1,214 245 215 1,219 1,397 1,273 605 230 136 48,504 37,790 Analysis by fund Unrestricted funds 48,504 37,790 Purchase of fixed assets Fixed assets totalling £6.530 were purchased during the year.
MACCLESFIELD MAJESTIC THEATRE GROUP NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 30 NOVEMBER 2024 Governance costs Unrestricted funds Total 2024 Total 2023 Independent examination Loan repayment 1,140 1,140 1,536 3,000 1,140 1,140 4,536 For the year ended 30 November 2023 4.536 4,536 10 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Total 11 Trustees None of the trustees (or any persons connected yth them) received any remuneration or benefits from the charity during the year. 12 Assets retained for the Charity's use Fixed assets retained for the Charity's use are general theatre assets including lighting and sound props. There is also a photocopier and the central heating at the Jodrell Street building. These are valued at cost.