**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)|