REGISTERED CHARITY NUMBER: 1089680
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 26th OCTOBER 2022 FOR
THE RHYL LITTLE THEATRE LIMITED
| Page | |
|---|---|
| Report of the Trustees | 1 to 3 |
| Statement of Trustees Responsibilities | 7 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 10 to 12 |
| Detailed Statement of Financial Activities | 13 |
Trustees Annual Report for the period 27[st] November 2021 to 26[th] October 2022
Charity Name The Rhyl Little Theatre Limited
| Charity Name | The Rhyl Little Theatre Limited |
|---|---|
| Charity Reg Number | 1089680 |
| Objectives and Activities | |
| Summary of the Purposes of the Charity as set out in its Governing Document |
To educate young people up to the age of 16 in the appreciation and practice of drama and the performing arts |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts |
Holding classes for children up to the age of 16 regarding the appreciation and practice of drama and the performing arts, also allowing the children to go on the stage in order to perform the skills they have learnt using shows. During this financial year we have also improved our technical facilities through use of new equipment. Increased our stock range on our refreshment bar and increased our class sizes to accommodate more children. |
| Additional Information | |
| Contribution made by Volunteers |
The work of the Society is supported by the following unsalaried voluntary appointments: A team of regular volunteers from the general public. |
| Achievements & Performance | |
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
This year the charity have performed two named productions from Musical Theatre International (MTI) both Legally Blonde jr and Oliver jr. The charity has also managed to increase the number of children attending the classes to just over 100, with more children on the waiting list. Lastly, the charity are also in discussions with the funding source Albery Gubay in regard to providing funds for a renovation of the foyer including new toilets and refreshment bar. |
| Financial Review | |
| Review of the charity’s financial position at the end of the period |
Review of the charity’s financial position at the end of the period
Statement explaining The total profit at the end of the year was £5049. The the policy for holding total reserves for the company are £47,394. The reserves stating why trustees have a reserve policy which is updated they are held regularly, the reserves are held to fund future projects and if loses begin to accumulate.
Additional Information
The charity’s principal Regular income to support the Society aims and sources of funds objectives has been generated in the main from (including any donations, subscriptions, publications sales, index fundraising) searches and Gift Aid.
Structure Governance & Management
Description of charity’s trusts:
Type of governing Memorandum and articles of association incorporated document 26 October 2001 How is the charity Incorporated Association constituted? Trustee selection Elected by Annual General Meeting/Directors Annual method Meeting
Names of the Trustees who manage the Charity
| Trustee Name | Office (If | Dates Acted | Name of person | |
|---|---|---|---|---|
| Any) | if not for the | (or body) entitled | ||
| whole Year | to appoint Trustee | |||
| (if any) | ||||
| 1 Kim Hirst |
||||
| 2 Jon Crowther |
||||
| 3 Curtis Fisher |
||||
| 4 Neil Taylor |
||||
| 5 Robert Gurney |
||||
| There are no Corporate Trustees involved with the Charity | ||||
| There is no property (real | estate) belonging to the Charity | |||
| There are no funds held as custodian | trustees on behalf of others. | |||
| Reference and Administrative Details | ||||
| Charity name | The Rhyl Little Theatre Limited | |||
| Charity Reg. Number | 1089680 | |||
| Charity’s principal | 17 Vale Road, | Rhyl, Denbighshire, LL18 2BS | ||
| address |
Additional Information
| Additional Information | Additional Information |
|---|---|
| Names and Addresses of Advisers | |
| Independent Examiner | Mr Jamie Northcott, TASK Accounting Ltd, Colwyn Bay, Conwy, LL29 7AW |
| The Charities Senior Staff Members |
Arlena Thornton and Danni Moore |
| Declarations | The Trustees declare that they have approved the trustees report above |
| Signed on Behalf of the Charities Trustees |
CAFisher |
| Signed | CAFisher |
| Full Name | Curtis Fisher |
| Position | Secretary/ Trustee |
| Date | 21/08/2023 |
Registered number: 04311942
THE RHYL LITTLE THEATRE LIMITED DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 26 OCTOBER 2022
Task Accounting Limited
The Rhyl Little Theatre Limited Directors' Report and Unaudited Financial Statements For The Year Ended 26 OCTOBER 2022
Contents
| Page | |
|---|---|
| Company Information | 1 |
| Directors' Report | 2 |
| Income and Expenditure Account | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5—7 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 8 |
The Rhyl Little Theatre Limited Company Information For The Year Ended 31 October 2022
| Directors | Mr C Fisher |
|---|---|
| Mr J Crowther | |
| Mr R J Gurney | |
| K G Hirst | |
| Mr N H Taylor | |
| Mrs S N Waddell | |
| Company Number | 04311942 |
| Registered Office | Little Theatre |
| Vale Road | |
| Rhyl | |
| Denbighshire | |
| LL18 2BS | |
| Business | 17 Vale Road |
| Rhyl | |
| Denbighshire | |
| LL18 2BS | |
| Accountants | Task Accounting Limited |
| Commodore House, 51 Conway Road | |
| Colwyn Bay | |
| Conwy | |
| LL29 7AW |
The Rhyl Little Theatre Limited Company No. 04311942 Statement of Trustees For The Year Ended 26 October
The directors present their report and the financial statements for the year ended 26 OCTOBER 2022.
Directors
The directors who held office during the year were as follows:
Mr C Fisher
Mr J Crowther
Mr R J Gurney
K G Hirst
Mr N H Taylor
Mrs S N Waddell Appointed 05/01/2022
Statement of Directors' Responsibilities
The trustees are responsible for preparing the trustees Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
Mr C Fisher
Director
Date
The Rhyl Little Theatre Limited Income and Expenditure Account For The Year Ended 26 October 2022
| Notes TURNOVER Cost of sales GROSS SURPLUS Administrative expenses Other operating income OPERATING (DEFICIT)/SURPLUS AND (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
2022 £ 74,546 (37,974) |
|---|---|
| 36,572 (44,196) 4,528 |
|
| (3,096) |
The notes on pages 5 to 7 form part of these financial statements.
The Rhyl Little Theatre Limited Balance Sheet As At 26 October 2022
| FIXED ASSETS Notes Intangible Assets 4 Tangible Assets 5 CURRENT ASSETS Stocks 6 Debtors 7 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 8 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2022 £ £ 9,600 19,048 |
2022 £ £ 9,600 19,048 |
|---|---|---|
| 440 - 19,446 |
28,648 18,746 |
|
| 19,886 (1,140) |
||
| 47,394 | ||
| 47,394 | ||
| 47,394 | ||
| 47,394 |
For the year ending 26 OCTOBER 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
Mr C Fisher
Director
Date
The notes on pages 5 to 7 form part of these financial statements.
The Rhyl Little Theatre Limited Notes to the Financial Statements For The Year Ended 26 October 2022
1. General Information
The Rhyl Little Theatre Limited is a private company, limited by guarantee, incorporated in , registered number 04311942. The registered office is Little Theatre, Vale Road, Rhyl , Denbighshire , LL18 2BS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to income and expenditure account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance Fixtures & Fittings 20% Straight Line
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: NIL (2021: )
The Rhyl Little Theatre Limited Notes to the Financial Statements (continued) For The Year Ended 26 October 2022
4. Intangible Assets
| Cost As at 1 November 2021 As at 26 OCTOBER 2022 Amortisation As at 1 November 2021 Provided during the period As at 26 OCTOBER 2022 Net Book Value As at 26 OCTOBER 2022 As at 1 November 2021 |
Goodwill £ 16,000 |
|---|---|
| 16,000 | |
| 3,200 3,200 |
|
| 6,400 | |
| 9,600 | |
| 12,800 |
5. Tangible Assets
| Cost As at 1 November 2021 As at 26 OCTOBER 2022 Depreciation As at 1 November 2021 Provided during the period As at 26 OCTOBER 2022 Net Book Value As at 26 OCTOBER 2022 As at 1 November 2021 .Stocks Stock .Debtors Due within one year Trade debtors |
Plant & Machinery Fixtures & Fittings £ £ 31,029 1,837 |
Plant & Machinery Fixtures & Fittings £ £ 31,029 1,837 |
Total £ 32,866 |
|---|---|---|---|
| 31,029 1,837 |
32,866 | ||
| 8,139 734 4,578 367 |
8,873 4,945 |
||
| 12,717 1,101 |
13,818 | ||
| 18,312 736 |
19,048 | ||
| 22,890 1,103 |
23,993 | ||
| 2022 £ 440 |
|||
| 440 | |||
| 2022 £ - |
|||
| - |
6. Stocks
7. Debtors
The Rhyl Little Theatre Limited Notes to the Financial Statements (continued) For The Year Ended 26 October 2022
8. Creditors: Amounts Falling Due Within One Year
| . Creditors: Amounts Falling Due Within One Year | |
|---|---|
| Accruals and deferred income | 2022 £ 1,140 |
| 1,140 |
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
The Rhyl Little Theatre Limited Detailed Income and Expenditure Account For The Year Ended 26 October 2022
| TURNOVER Sales COST OF SALES Opening stock and work in progress Purchases Equipment Subcontractor costs Royalties and licence fees payable Closing stock and work in progress GROSS SURPLUS GROSS PROFIT MARGIN Administrative Expenses Wages and salaries Uniform Rent Light and heat Waste Management Security costs Vehicle running costs Repairs, renewals and maintenance Insurance Printing, postage and stationery Advertising and marketing costs Training Telecommunications and data costs Accountancy fees Subscriptions Bank charges Depreciation of plant and machinery Depreciation of fixtures and fittings Amortisation Other Operating Income Grants and subsidies received OPERATING (DEFICIT)/SURPLUS AND (DEFICIT)/SURPLUS FOR THE FINANCIAL YEAR |
2022 £ 440 10,361 4,983 8,169 14,461 (440) |
2022 £ 440 10,361 4,983 8,169 14,461 (440) |
£ 74,546 (37,974) |
|---|---|---|---|
| 10,641 1,894 1,665 7,374 907 491 756 6,060 2,502 341 504 479 592 1,140 191 514 4,578 367 3,200 |
|||
| 36,572 49.06% (44,196) 4,528 |
|||
| 4,528 | |||
| (3,096) |