DAWLISH MUSICAL THEATRE COMPANY Annual Report of the Trustees and Receipts and Expenditure Statement of the Dawlish Musical Theatre Company (Registered Charity 1075119) For the year ended 31/07/2024 Chairn]an R.J. Walling Bank Lloyds Bank Teignmouth Branch PO Box 1000 BXI ILT Hon: Independent Examiner Mr. M Smith (ACCA) 2 Sherwell Rise South Torquay TQ2 6NG Signed Hon.Chairman: Signed on Treasurer 211212f /@-
The Annual Re ort for the ear 2024 of the Trustees of Dawlish Musical Theatre Com an This report is produced by the Committee as trustees in accordance with the guidelines set out in "The Charities Act 2011" The Company is managed by a governing committee as defmed by the Constitution of the Dawlish Musical Theatre Company. The trustees and committee were elected for the whole of 2023124 unless otherwise shown and are as follows: Trustees Chairn]an Mr R. J. Walling Vice Chair Ms D. Cart Hon Production Secretary Mr P. Spe Hon Treasurer Vacanl (Ms D. Carr - part) Hon Secretary Ms L. Smith eneral Committee Ms H. Cridge Mr S. Jackson Ms E. Harvey Ms N. Al Shawi-Dare Ms L. Timms Ms E. Chappell Ms A. Tremlett (part) The Company's objectives are: To educate the community in the dramatic and operatic arts and to further the development of public appreciation in perfomiing atts. To support any charities or charitable purpose at the discretion of the committee.
Treasurers Re ort on the Recei ts and Ex nditure Statement- 2024 Overview At the end of the Financial Year the D1C Treasurers position was vacant. This report has therefore been prepared by the incoming Treasurer based on the records provided by Ms D. Carr who was caretaking the Treasurer's role at year end on behalf of the committee. The Treasurer would like to fotmally record his appreciation for the excellent quality of records that had been maintained and provided. DMTC Treasurers Account At the beginning of the fmancial year the DMTC Treasurers Account had a balance of £8,764 and closed with a balance of £12,086. However this apparent improvement has to be considered against a 'Transfer In, of funds from the Business Instant Access Account of £40,000 and an exceptional expenditure for the purchase of Radio Mics for £29,336. Business Instant Access Account At the beginning of the fmancial year the Business Instant Access Account had a balance of £19,203 and closed with a balance of £64,609. The account benefitted from the funds transferred in when the Investment Holdings previously held were liquidated and converted to cash. £84,459 was added to the account. £40,000 was 'Transferred Out, to the Dc Treasurers Account. Interest of £946 was eamed and retained within the account. tham Store Account At the beginning of the fmancial year the Maytham Store Account had a balance of £3495 and closed with a balance of £2715. Old Mutual Wealth Account nvestments The holdings held externally and invested on behalf of the DMTC were liquidated and the resulting cash funds of £84,459 'Transferred In, to the Business Instant Access Account.
Summa of Financial Position The Income and Expenditure Statement shows an indicated excess of Income over Expenditure of £3,488. This is somewhat misleading and only bv considering all the fmancial accounts can the overall picture be ascertained. Examination of the Balance Sheet shows: Cbange in Value over the Year £3,322.00 £45,406.00 -£780.00 ' DMTC Treasurers Account Business Instant Access Account , Matham Store Account , Old Mutual Wealth Account -£84,459.00 -£36,511.00 Net,, Therefore DMTC has £36,51 l less disposable cash than at the beginning of the financial year and no other fmancial assets. The purchase of Radio Mics somewhat clouds this picture. Removing their impact shows that there was an actual excess o enditure over Income o £7 176. Drc'S October show (Frozen) made a small loss of £99, The May show (Dead Ringer For Disco) made a significant loss of £5865. The purchase of Radio Mics are assets to Dfvrrc but Income and Expenditure Reports do not require such assets to be detailed. It should be noted however that the Radio Mics will reduce future show production costs as Radio Mic rental will be saved and hire of the Radio Mics to other Production companies should generate much needed income. This should offset expenditure for loss of interest, insurance, maintenance and storage. Reporting of future depreciation is not required but should be considered. Outlook There are adequate financial resources to maintain Dc,S activities and show production in the short temi. However unless Income is increased lo reverse the CesS o the lon term DMTC'S current Inancilll model is unsustuinllbl enditure in Prepared By: Mr R. HarbottIe Hon.Treasurer DMTC
Income and nditu Statement for the r 2023124 Genernl Income Ex nditure Menbership Fees Money Tranfèrred In Noda Awards Social Events Maytham Store Insurance Ofcom ceTh Noda Membership Purchase Radio P4lics Radio Mic Repairs Radio Mic Storage Miscellaneous Expenses Accounting Package Interest Earned {Business Account) Payment Langstone Cltff {maham Account) 527.ijo 40,WJ.00 320.00 555.54 4CKJ.00 414.41 860.43 168.00 199.00 29,335.96 128.00 269.00 16.CQ 325.16 780.00 Sub Total General 42,348.98 32,895.96 9453.02 Frozen Card Payments Advertising Show Receipts Programs l Raffles Rehearsals Expenses Costumes Leaflets Banners Posters Lighting MTI Fee Professional Fees Sound and Light Radio Mikes 440.00 6.588.09 210.00 288.00 574.49 70. 242.40 11.40 1.000.(KJ 1,847.lYJ 1.OCIJ.00 2.080.01 41XJ.00 Sub Total Frozen 7,499.05 7,598.30 -9925 DRFD Deposit Sh(hV Reip1S Advertising Programs l Raffles Deposrt Dawlish Rep Rehearsals Leafiets Banners Posters Costumes True LX Professional Fees Stage Hire 155.IXI 1,826.77 375.80 1.0(X).(M) 432.00 28.00 56.00 178.80 74.40 543.40 2,2(Kt.00 3,550.¢)J 2LMI.I)J Sub Total DRFD 2.397.37 8.262.60 -s.5.23 come Total Foryear 52,245.40 48,756.86 3488.54
Ban cco nt R•con¢ iatio and alan 23124 Opening Balan Less Expenditure Closing Balance Ino)me Change DMTC Treasurers Njc 8763.71 51298.96 47976.86 12085.81 3322.10 Business Instant Ac£ess Alc 19202.94 85405.67 40000.00 64608.61 45405.67 Maytham Store Alc 3495.27 780.(K) 2715.27 -780.00 Old Mutual Wealth AJC 84459.C 84459.00 -84459.00 115920.92 136704.63 173215.86 79409.69 -36511.23
CHARITY COMMISSION FOR ENGLAND AND IVALES Independent examiner's report on the accounts R•port to th• Irust••sl m•mb•r¥ of THE DAWLISH UUSICAL THEATRE COfvIPANY On 4¢¢ounl for th• p•rlod •nd•d 31 July 2024 Charity no 10757 19 {If any) S•t out on pa9•9 Income & Expen('ture. Stattsmont ol Funds I roport lo ihc trustc.es on my exarr.inaliM of Ihe accrI7S of p.io aboyo charry j-tho TIL.si'j thc pe4od l AJgust 2023 10 31 July 2024. R•$ponsibiliti•s and As charyty trusiees of Te Tlusi. you are responsib'e for thi" pfLp2ration b•sl8 of ftpon of tre accoun in accordance w th .ho L.fefrCnts ol tho ChariLILS Act 2011 I-the Acl-l. I f6POrt in respcct of my exawinaiK)n of the TrSt'S accour¢ts canicd o ryder Secti 145 of tt)c 2011 Act ano In carrying ouc my c'xamigation. I have ftilowed tbt applicabl¢ 0cci.,0ns given by the Charity CoTr.mi55ion u4oer S)Ciion 1451 5 libi ol tho Act I nav¢ comFdelt¢J my txamlnatson I conf rTh thal no mater al mattofs havo come :o my ancnlh)n In connoction sllth t.c. oxaminalion wnich givtss me aknse lo bclsove ihat n. any Traloria. resp¢cl. acctsuP.lifjg records wore not aecordatK6 wrth ¢.04 130 of the Act or ltte accounts 00 w accord wth tn6 accotsntsng rècortss IndependEnt examinef's Statement l lave crMcerns and havo come attoss M Other matters in conn¢cbon V411tr Iho oxaminaliofj to V4hth should be drawr, In order lo enable a Pff4Jor understanding of the accounts lo t reached. Sign•d.. Dat•: 17 february 2025 Nam•'. fvlork SrThth R•l•vanl prof•ssional ACCA qualificationlsl or body {il anyl: Addr•¥s.' 3 Sheell Rise Soulh. TO[qaY Ta2 6NG Only ¢omFAelt if the examinef needs ro highli1 rnallcrs of eoDcern Isoe CC32 IndiPLidont exarninab of chariry accounts. aifections guidanco for exam Pcfsj IER October 2018
Giv• h•r• brl•f d•tails ol any itoms Ihat lh• •xamin•r wi$h•8 10 dlsclos• IER Octob¢r 2018