Company registration number: 04311942 Charity registration number: 1089680 The Rhyl Little Theatre Limited (A Company limited by guarantee) Annual ReEth and Finala1 Statements for the riod from l November 2022 to 31 De¢emEr 2023 Aston Hughes & Co Selby Tow¢rs 29 Princes Drive Colwyn Bay LL29 8PE ACKT4ZEH 011101X$24 COMPANIES HOUSE V216
The Rhyl Littk Theatre Limited Cootents Ref¢r¢nce and Adminisirative Dthils TTUStees' Report 2to4 Stst¢menl of Trustees, Responsibilitie5 Ind¢pend¢nt Examirtevs Report Statement of Financial Activities Balance Sheet Noies lo the Finweial Ststrments 910 14
The Rbyl Little Theatre Limited R¢ferenee and Administrative DetaiLs Trustees Curtis Fish iEanne Cheryl Poole No¢1 Clements Neil Harding Taylor Jonathan Crowther t£slie M¢r¥y Broad Robert James Gurney Ashley Williams Kim Graydon Hirst Seerttry Curtis Fisher Registered Olee Little Theatr¢ Vale Road Rhyl Denbighshire LL182BS Company Registration Number 04311942 CbArlty R¢gistrtion Number 1089680 Bwnkers Natwest plc Independent Examiner Asthn Hug & Co Selby Towers 29 Princes Driv¢ Colwyn Bay LL29 8PE
Tbe Rhyl Little Tbeatre Limited Trn$tees' Report The truste¢5, wllo are directors for the pUr}seS of company law, present the annual report togeih¢r with the financial sthtemenL8 of the charitable company for the period ended 31 Dec¢mber 2023. Truste Curtis Fisher Leanne Cheryl Pool¢ (apEM)inied I l March 2023) Noel Clements {appointed 4 Septemb¢r 2024) Neil Harding Taylor JoDhan Crowther i£slie Mervyn Broad (appointed 5 July 2023) Robert James Gurney Sian Nicola Waddell (resigned 4 September 2024) Ashley Williams (appoini¢d 6 Septernlw 2023) Kim Graydon Hirst Objettives And etivities Objects and To educaie young people up to the age of 16 in the apprecI10n and prathice oldrama and the Ing arts. Obieclfves. stmlegie5 and4cdviths Holding el&sses for children up to the age of 16 Yegarding the appreciation and practice of drama and the perfomiing art5, also allowing the children to act on the stage in shows in order to perforni the skills they have During this financial year we hav¢ improved our iechnical facilities through use of new equipment. In¢reascd our stock rang¢ on our refreshment bar and increased our class si2es to accomm(xlate more children. Ptsbllc bevefit The trustees confm that they have complied with the requirements of section 17 of the chille5 Act 2011 to have due regard io the public benefit guidance published by the Clwity Commission for England and Wales. Use of volMn¢eers The work of th¢ &Kk¢ty is supp)rted by On uDsal#ried voluntary team of regular volunteers from the general public. Page 2
Tbe Rhyl Little Theatre Limited Trnstees, Report Achievements and perfonD&nce This year the charity have perforn]ed nvo produonS from m1(al Theatre International {MTI)' Frozen jr and High school rnusital jr. Th¢ charity has managed to incre&8e the number of ¢hildr¢n attending the classes to just over I. with more children on the waiting lisi. Lastty. the charity is also in discwions with the fifftding souree Albery Gubay tn regard to providing fijnds for a renowdtion of the foyer including new toilets and a refreth bar, which has DOW been Set in motion and an end dat¢ s¢¢ured for Cktober 2024. FiDncial review The total deficit at the end of the y¢ar £12.650. The total reserves for the company are £34.744. The tnjstees have a reserve policy which is updated regularly, the re5erve5 are held to fimd fvture projects and if loses begin to a¢¢umulate. Pollcy on raerv The Trustees, Reserves Policy stat¢s thai having given due consideration to the o•ional profile of the charity, The Rhyl Little Theatre Limited h&% d¢cid¢d that it is appropriate to hold a reserve that would allow the charity to discharge its liabilities and close its operation in an orderly fashion should it be unable to continue its tivities. The TNsiees estsblished that this would r¢pr¢s¢nt holding a reseTve equivalent to 3 months. op¢rational expenditure. PrtnclpalfyndlAgsoMrees Regular income to support the SoCies aims and objeciives has be¢n gen¢rnted in the main from donations. subscriptions, publication sales and index searches. Plans for future perlod$ Alms ondry objeS/QrMfyT¢p<rIod$ To ntinUe providing eduloal services io childr¢n up to th¢ 8g¢ of16 regarding the practice of dTama and the perforniing arts. Strueture? £overDllc¢ •Dd utan*gement Not¥re ofgoverning document Th¢ Rhyl Little Theatre Limited is a company iirnited by guardnt¢e a5 d¢fin¢d by the Companies Act 2006. 11 is a r¢gis¢¢red charity. The company was incoTW)rated 26 October 2001 under a Mernorandurn of Associaiion. which established the objects and powers of the charitsble company and is governed under the Articles of Association. Recrui1nK andappoinlmenl Elected by Annual General MeetingDire¢ioTS Annual Meeting. Small tomp#nifs provision 5tsternent This report has been prepared in OrdanCe with the srnall companies E[me under the Companies Act 2006. Page 3
The Rhyl Little Theatre Limited Trustees. Report The at]nual report was approved by the ITh¢s of th¢ charty on J•.g.-.Z*. and signed on its behalf by.. Leslie mer¥ Broad Trustee
The Rhyl Little Tbeatre Limited Slalement of Trustees, Responsibilities The trustees (who are also the diredors of The Rhyl Little Theatre Limited for the Purposes of wmpany law) are responsible for prepartng the trust¢es' reTM)rt and the financial 5tments in ac¢ordan¢¢ with th¢ United Kingdom Accounting Standatds (United Kingdom fjenerdlly Acc¢pted Accounting Practice) and applicable law and regulations. Company law requires the trust¢¢s to prepare fmancial staiements for each fmancial riod. Under company law the trnstees must noi approve the financial stsiements unless they are satisfied that they give a true and fair view of the stste of affairs of the clthritable Company and of its iTolg resources and application of resource& tncluding ils income and ¢XF%ndituT¢. for that period. tn preparing these fala1 ststements, the trustee5 ar¢ required to.. select $uitsbl¢ accounting wlicie5 and apply them consistently" observe the methods and prin¢iple5 in the Ch•riti¢S SORP. make judgements and estirnes that are re&%onable 8nd prud¢nL stale wheth¢r applicable UK Accounling Sthndards bave t*en followed, subject to any material depart disclosed and ¢xplain¢d in the financial ststements" and prepare the fmancial smements on the going concern blS unless it is inappropriate to presume ihat the ¢haritable ¢omp4ny will Coniinue in busin. The trust¢¢s are responsible for keeping adequate accounting records that are sufficient to show and explain the charitsble company's transactions and disclose with reasonable accuracy at any time the financial FlliOn of the charitsble company and enable th¢m to ensure that the fin3n¢ial statements comply with the Compani¢s Act 2006. They are also responsible for safeguarding the &8sets of the charitable company aThJ hen¢¢ for taktng reasonable steps for the prevention and de¢[lon of fraud and other irregularities. Approved by the tnteeS of the charity on&.-?.:.ZKt... and signed on its behalf ty. 24F_O L¢51ie Mervyn Broad Truste¢ Page 5
The Rbyl Little Theatre Limiled Independent Examiner's Report to the trustees of Tbe Rbyl Little Th¢4tr¢ Limited I report lo th¢ ¢h4rity $t¢¢$ on my ¢xamina¢ion of the accounts of the charity for the year eThJed 31 December 2023 which are sei out on pages 7 to 14. Resptetive responsibilities of IT$t¢¢5 ¢xmi#er As the charity's tDJstees of The Rhyl Littl¢ Theatre Limited (and a150 its director5 for the putix)ses of company law) you are reswTrnsible for the preparniion of the accounts in accordance with the requirements of the Cornpanies Act 2(M16 ('the 2(K16 Act,). Having satisfied myself that the accounts of Th¢ Rthyl Littk Theatr¢ Limited ar¢ not required to be audiied under Part 16 of ihe 2006 Act and are eligible for ind¢pendent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of ihe Charities Act 2011 ('the 2011 A¢i'). In ¢arying out my exatnination I have followed the Directions given by the Charity Commission under section 145(3)(b) of the 2011 ACL Independent examiner's statement- matter of eoneern ide•tifd I have completed my examination. I confm that no material rnatt¢r5 have rome lo my attentioti in connection with the examination, other than a5 disclosed below. which gives me caLL%e io believe that in any material respect: l. accounting records w¢r¢ not kept in respect of The Rhyl Little Theatre Lirnitrd as required by tIOn 386 of the 2006 Act. or 2. th¢ accounts do not accord with those recoTds' or 3. the accounts do not comply with the accounting requirements of section 396 of th¢ 2006 Act other than any requirement that the accounts give a'lnle and fair view which is not a matter considered as part of an independent examination. or 4. the accounis have noi been PTepared in accordance with the Meth15 and principles of the Statement of Recommended Praaice for accouniing reporting by tharities [applicable to chariries preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ir¢Id (FRS 102)1- The matter thai has come to my attention 15 that du¢ lo significant changes in personnel. The Rhyl Lrttle Theatre Limited have failed to fvlly record ail transactions and have failed to Tetain all documentation relating to receipts and payments. The accounis have been complded to the best of the CUTrenl tru5t¢¢s ability, based on the r¢¢ords available. confinn that th¢re are no other rnatters which yow attention should be dra to enable J proper understsnding of the accounts to be reached. G G HÉ¢kerton B ,FCA AstoTh Hughes & Co Selby Towers 29 Princes Drive Colwyn Bay LL29 8PE Date:..
The Rbyl Little Theatre Limited StatemeDt of Financial Aetivities for tbe Period from l November 2022 to 31 Deeember 2023 (Including Income and Expenditure A¢¢ount and Statement of Total Reeognised Gains and Lossu) Umrestricted fun41$ Total 2023 Tot•1 2022 Note In•t and Ettdowments from: Donations and l¢gacies Charitabl¢ ¥tivitses 6,379 129,496 6.379 129,496 79,074 Totsl income l35.875 135,875 79,074 Expenditure on: Charitsble activTrlies (148,525) (148,523) (82,170 Total expendirure Net expendiftwe Net movement in filnds (148,525 (148,525 (82,170 (12.650 (12.650) 3.096 (12,650) (12.650) (3,096) Rtconeiliatlon of funds Total fijnds brought forward Total funds ¢aTried fon¥8rd 47.394 47.394 50.490 12 34.744 34,744 47,394 All of the charity's activities derive from ¢ontinuing 0tIonS Iluring the alM)ve Thvo ptriods. The notes on pages 9 to 14 forn) an ini¢gral part of these fJnan¢ial swem¢nts. Page 7
Tbe Rbyl Little Theatre Limited (Registration Dumber: 04311942) Balance Sheet as at 31 December 2023 2023 2022 Nolt Flxed 8ssets Intsngible assets Tangible assets 6,400 15.019 9,6 19,048 21,419 28.648 Current ssets Stocks Cash at bank and in hand 200 16,025 440 19.446 19,886 (1,140) io 16.225 Creditors: Arnounts f8Jlling due wiibin one year (2,900 Net current ssets 13.325 18,746 Net assets 34,744 47.394 Funds of ¢h¢ cb*rity: Urtrestrieted ineome funds Unrestricted funds 34.744 47,394 Total lunds 12 34.744 47,394 For the fmaneial peri(Nl ending 31 December 2023 the charity entiiled io exemption from audit undeT 5¢Ction 477 of the Companies Aci 2(M)6 r¢latin8 to small companies. Directors, restKwibilities: The members have noi required the CIlty to (trbtsin an audii of its accowits ftjr the period in question in accordance with 5¢dion 476; and The directo acknowledge their rponsibIlitieS for complyiD8 with the requirements of the Act with respect io accounting records and the preparation of accounts. These a¢¢owJts have been PTep3red Tn accordance with the provisions applIb]e to ¢ompani¢$ subject to the small companios regime. The financial ststements on pag¢5 7 to 14 were approved by the trusiees. and authori5ed for issue on 1•:.9...ZIT.... and signed on their behalf by: Le51ie merv Broad TTU5te¢ The notes on pages 9 to 14 forni an integral part of these financial ststements. Page 8
The Rhyl Little Theatre Limited Notes to tbe FiDancial Statements for tbe Period from l November 2022 10 31 December 2023 l Accounting policies Summary of signif9Tht policies and kty •c¢ounting ¢s1iw#tss The printipal OUnting policies applied in the preparacion of these financial starement5 are set out below. These policies have been consist¢ntly applied to all the y¢8rs presented, unless otherwise ststed. ststement of eompliD The financial ststements have been prepared in accordance with Accounring Reporting by Charities: Statement of Recornmended Practice applicable to charities preparing their a¢Unts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republtc of Ir¢la[ (FRS 102) (eff¢¢tive l January 2015) - (Charities SORP (FRS 102)), the Financial Rewrting Standard applicable in the UK and R¢public of Ireland (FRS 102). They also comply with the Companies Act 2006 and Ch&iues Act 2011. Basis ofpr¢paration The Rhyl Little Theatre Limited meets the defmition of a public b¢nefit entity under FRS 102. Asset5 and liabilities are initially recognised ai bistori cost or ttansaction value unless otheThvise stated in the relevant accounting poliry notes. Going eoncern The tNste¢s consider that there are no mal¢rial uncertainties aiK)Ut the tharity5 ability to continue as a going concern nor any si8nAficant ar of uneenainty affect the carrying value of assets held by the chariry. Incorne and endowmettts All incom¢ is r¢(ognised once the charity has ¢nlitleThKnt to the income, it is probable that the income will be [e1ved and th¢ amounl of the income r¢¢eivabl¢ can b¢ measured reliably. ondlegoeles Donations OT¢ r¢cogni5ed when the charity has been notified in writing of both the arnount and settlement date. En the eveni that a donation is subject to condihons that require a level of perforrnance by the eharity before the charity is eniiiled io the funds, the inwme is deferred and Dot recognised until etther those cortdilions are fijlly meL or the fulfiiment of those conditions is wholly within the control of the charity and it is probable that the onditions will b¢ fulfilled in the reporting p¢rio(L Goodwill Goodwill is amortised over its w¢fid life. which shall ttot ex(¢¢d t¢n years if a reliable estimate of th¢ u5¢fiJl life cannot be made. TaDgibl¢ fixed wssets Individual fixed assets Cosiing are initially recorded co$4 1¢55 any subsequ¢nt a¢cutDulatEd d¢pr¢ciation and subsequent accumulated impairnient losses. Amorti94tlo Amortision is provided on intangible fed assets Is to *Tite off the ¢OSL less any ¢stimated residual value. over their expected use1 eorniC life &$ follows: Page 9
The Rhyl Little Theatre Lilted Notes to the Financial Statements for the Period from l November 2022 to 31 December 2023 Asset elass Goodwill AmortisattoB method aTrd r•te 2kn Straighi Lin¢ Depreeiation and amortisation Depreciation is provided on tsngible fixed assets so as to WTiie off the cosl or valuation. less any e5tirnated residual value, over their ¢xp¢¢t¢d w¢1 eCOr1¢ lift &5 folk)s.' Asset class Plant & Machinery Fixtures & Fittings Deprttiation method nte 2/7 Reducing Balance 21Y/o Straight Line Stock Stock is valu¢d at the lower of cosl and estimated selling pr&ce less costs to Comple and sell, after due regard for obsol¢tr artd slow rnoving stocks. Cost is detrrn)ined using the fiN-iffj (FIFO). Cash and cash equivalents Cash and cash equivalents compris¢ thsh on hand and call (kp05its. and oth¢r Short-temi highly liquid investments that are readily conv¢rtible to a kno amount of cash and are $ubject to an inSilfi¢3 risk of change in value. Trade ereditors Trade creditors are obligations io pay for goods or services that have been acquired in the ordinary Urse of business from suppliers. Accounis payable are ¢1)ed as cutTeni liabilities if the charity does not have an unconditional right. at the end of the reporting peri(xt to d¢f¢r Settlement of th¢ creditor for at 1¢&5t twelve months after th¢ reporting date. If there is an wjconditional right to d¢f¢r settlernertt for at least e1Ve months after the reporting date, they are presenied as noTr-CUTreni liabilities. Trade creditors are reco8nised initially at the transaction pri¢¢ ¥nd sub5equendy m¢asur¢d at amorti5¢d ¢ost using the effertive interest Meth1. Financial iDstrntyents Classif110 Finan¢ial as5eiS and fanCIal liabilities aT¢ r¢wised when the charity b¢tomes a party to th¢ contra¢tual provisions of the instrnmeni. Financial liabilities and equity instruments are classified a¢cordin8 to the substance of the Contracal arrangements entered into. An equity instrument is any contraa that evidences a residual interest in the assets of the charity after deduciing all of its liabilities. Page 10
The Rhyl Littl¢ Theatre Limited Notes to th¢ Financial Statements for tbe Period fro l November 2022 to 31 December 2023 All financial assets and liabilities are initially measured at transaction price (including transaction cosls). except for those financial &5s¢ts ¢lwified a5 at lair value through profi¢ or 105s, which ar¢ initially m¢asured ar fair value (whieh is noTrna]ly the transaction PTice excluding transaction costsx unless the arrangernent constitutes a fmanctng transaction. If an 8rrnng¢ment constitutes a finamcing transaction. the fancial asset or financial liability is me&sured at the pres¢Dt v#lu¢ of the fijture payments discounted ai a market rate of interest for A similar debt instrutn¢nl. Financial assets and liabililies are only offset in th¢ statemertt of financial Wllion whety and onty wh¢n th¢r¢ exists a lewally enforceable righi to set off the recognised amounts and the clwity inta)ds either to settle on a nei basis. or to realise th¢ a&8et and settl¢ th¢ liabilty simultaneously. Financtal assets are derecognised when and only when a) the contractual rights to the cash flows from the f]nancial assei expire or are settlrt b) the cl]arity traDsfers to another party substantially all of the risks and rewards of ownership of th¢ fancial asse¢ or c} the charity. despite having Tethined some, but not all. significant risk5 and rewards of ownership. has transferred Control of the assei to another party. Financial liabilities are derecognised only when the obligation specified in the contraa is discharged, cancelled or expires. 2 Income from donAtion$ and Jtpti¢s Unrestricted funds General Tot41 2023 Total 2022 Donations and legacies" DoJ)ations from individuals . 6.379 6,379 6,379 6.379 3 Incorne from thrltble aetivities UreStriCted funds Genernl Total 2023 Totsl 2022 129.496 129,496 79,074 4 Expendilure on eharitabk activities Vttr¢stri¢te41 rund$ Gen¢rnl Totsl 2023 Totsl 2022 Note 148.525 148.525 82,170 Pagell
The Rhyl Little Theatre Limited Notes to tbe Finaneial Statements for the Period from l November 2022 to 31 December 2023 S Trustees remuneratioll and expeTr5¢5 No trustees. nor any persons connected with them. have reeeived any remuneration from the charity during the year. 6 Taxatio The charity is a registered charity and is th¢r¢fore exempt from tsxation. 7 Intangibk fixtd assets Goodwill Total Cost At l NoY¢mb¢r 2022 16.0 16,000 At 31 December 2023 16,0¢ 16.000 Amortisation At l November 2022 Charge for th¢ y¢ar 6.4) 3.2() 3.200 At 31 Decernber 2023 9.6(K) Net book value At 31 De£ember 2023 6,41K) 6.400 At 31 October 2022 9,6 9,600 Page 12
The Rhyl Little Theatr¢ Limited Not to the Financial Statements for tbe Peri(Ml from l November 2022 to 31 December 2023 8 Tgttglble fix¢d &8Stts Fllrniture and equipment Computer equipment Total Cost Ai l November 2022 ,837 31,tr29 32,866 Ai 31 December 2023 1,837 31,029 32,B66 Depreeiatio At l November 2022 Charge for the year At 31 December 2023 1,101 367 12.717 3.662 13,818 4,029 1,468 16.379 17,847 Net book value At 31 Decernber 2023 369 14.650 15.019 Ai 31 Ociober 2022 736 18,312 19.048 9 Stock 2023 2022 Stocks 440 10 C4$h •Ld equivalents 2023 2022 Cash on hand Cash bank 3.753 15.693 16,025 16.025 19.446 11 Creditors: amou#ts f*lling due wi¢hiD one y¢4r 2023 2022 Trade ¢reditors ACcnlS 5(K) 2,400 1,140 2.91)0 Pag¢ 13
The Rhyl Little Theatre Limited Iyotes to the Finaneial Stalements for Ihe Period from l November 2022 to 31 December 2023 12 Fund5 BalxDte at I November 21122 Balanee at 31 Decernber Ineoming resourfes expended 2023 Unrestricted fund5 General 47.394 135.875 (148.525 34.744 Balan¢e at I November 2021 Ineoming reso¥rces Re50urees expended Balanee at 31 October 2022 Unr¢strlcted funds General 50.490 79.074 (82.170 47,394 Page 14
The Rhyl Little Theatre Limited StatemeDt of Finaneial Aetivities by fund for the Period from l November 2022 to 31 December 2023 UDrestricted Funds Total Tot41 Unrestrieted Unrestricted Funds Funds 2022 Ineome EDdowments from: Donations and legacies Charitable activities 6.379 129,496 79,074 Totsl income 135.875 79.074 Expenditure on: Charitsbl¢ activities 148.525 82.170 Total expenditure 148.525) (82,170 Net expenditure (12,650) (3,096) Net movement in funds (12.650) (3.096) ReeoneiliatioD of funds Total fimds brought fon¥ard Total fimds carried f{¥WaTd 47,394 50.490 34,744 47,394 Thi5 page does not forni part of the stawiory financial statements. Page 15
The Rhyl Little Theatre Limited Detailed Statement of Financial Activities for tbe Period from l November 2022 to 31 December 2023 Tot•1 2023 Total 2022 Income and EndoY4rnents from: Donations and legacies lanalysed low) Charitsble activities (analys¢d below) 6,379 129.496 79,074 Total ineome 135,875 Expenditure on: Charitable activities (analysed below) (148,525) (82.170) Totsl expenditure 148.525 82,170 Net expenditure 12,650 3.096 Net movement in knds (12,650) (3,096) R¢coneiliation of funds Total fwids brought ftjrward Toial fidS carried forward 47,394 50.490 34,744 47,394 This page does not forn) pan of the stslutory finartial staternts. Page 16
The Rhyl Little Theatre Limited Delailed Statement of Finanelal Aetivities for th¢ Period from l November 2022 to 31 De¢ember 2023 Totsl 2023 To¢#1 2022 Don*ions 6.379 6,379 Charlfable aellvllles Sales Grants and Subsidies Received 129,496 74,546 4,528 129,496 79,074 Charitsble qd¢vili Opening Stock Purchtses Equiptnent Closing Stock Contract Work Royalties & Licence Fees Payab Wages and salaries Unifomi Rent Rates and water Li&hi heal and power (440) {17,488) (440) (10,361) (4,983) 440 200 (56.139) (1.123) (30.502) {1,374) (2.087) 859 (14,949) (2.479) (8,169) (14.461) (10,640) (1,895) (1.665) (7,374) (2,502) (491) (6,060) (592) (341) Security Repairs and maintenance Telephone and fax Printing, p05tsge and stsiionery Fines Trade Subscriptions Sundry expenses Motor expenses Cleaning Adv¢rt15ing Trdining Donations Oul AG¢ountan¢y fe¢s Bank charges tkpreciation of fixtures and fittings Depreciation of plant and mathinery G(dWi11 amortisation charge (3,046) (1,261) (1.116) (1.5} (1.131) (1.473) (81) (3.054) (136) (191) (756) (W7) (504) (479) (225) (2,400) (351) (367) (3,662) (3200 (148.525 This page does Thx forni part of the stabmory financial statem¢Dts. Page 17 (1,140) (514) (367) (4,578) 3.200) (82.170)