Flash Musicals Charity Registration Number: 1094205
Report and Accounts
31 December 2021
Flash Musicals Report and accounts Contents
| Page | |
|---|---|
| Independent Examiner's Report | 1 |
| Statement of Financial Activities | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 4 |
| Detailed Income and Expenditure | 5 |
Flash Musicals Independent Examiner Report
Respective responsibilities of trustees
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is our responsibility to:
• examine the accounts under section 145 of the Charities Act,
• to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
- to state whether particular matters have come to our attention.
Basis of independent examiner's report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fare' view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with our examination, no matter has come to our attention:
(1) which gives us reasonable cause to believe that in, any material respect, the requirements:
• to keep accounting records in accordance with section 130 of the Charities Act;
• to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts be reached.
Alom Rouf FFA FTA FIPA
Pros Assist Incorporated Financial Accountants
Highstone House 165 High Street Barnet Hertfordshire EN5 5SU
23 March 2022
1
Flash Musicals
Statement of Income and Expenditure for the year ended 31 December 2021
| Notes Incoming resources Activities to further the organisations objectives: Donations Received Activities to generate funds: Direct purchases Total incoming resources Resources expended Administrative expenses Total resources expended Net surplus/(deficit) Total funds at 31 December 2021 |
2021 £ 99,236 (21,871) 77,365 (74,221) 3,144 3,144 3,144 |
2020 £ 110,364 (7,485) 102,879 (71,915) 30,964 30,964 30,964 |
|---|---|---|
2
Flash Musicals Balance Sheet as at 31 December 2021
| Notes Fixed assets Tangible assets 1 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 2 Net current assets Net assets Reserves Unrestricted funds 3 Total funds |
2021 £ 32,256 102,530 (1,310) 101,220 133,476 133,476 133,476 |
2020 £ 32,256 100,235 (2,159) 98,076 130,332 130,332 130,332 |
|---|---|---|
……………………..…………………….. ……………………..…………………….. Trustee signature Trustee signature ……………………..…………………….. ……………………..…………………….. Trustee name Trustee name
The financial statements were approved by the board of trustees on 23 March 2022
3
Flash Musicals
Notes to the Accounts for the year ended 31 December 2021
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1 Tangible fixed assets
| Cost At 1 January 2021 At 31 December 2021 Depreciation At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 2 Creditors: amounts falling due within one year Other taxes and social security costs Accruals 3 Unrestricted funds At 1 January 2021 Total profit/(loss) for the year At 31 December 2021 |
Plant and machinery etc £ 25,256 25,256 - 25,256 25,256 |
Motor vehicles £ 7,000 7,000 - 7,000 7,000 2021 £ - 1,310 1,310 2021 £ 130,332 3,144 133,476 |
Total £ 32,256 32,256 - 32,256 32,256 2020 £ 924 1,235 2,159 2020 £ 99,368 30,964 130,332 |
|---|---|---|---|
4
Flash Musicals
Detailed Income and Expenditure for the year ended 31 December 2021
| Incoming Resources Activities Gross profit Administrative expenses Operating profit Profit before tax |
2021 £ 99,236 (21,871) 77,365 (74,221) 3,144 3,144 |
2020 £ 110,364 (7,485) 102,879 (71,915) 30,964 30,964 |
|---|---|---|
5
Flash Musicals
Detailed Income and Expenditure for the year ended 31 December 2021
| Incoming Resources Den Income Grants Rents received Shows Activities Purchases Administrative expenses Employee costs: Wages and salaries Travel and subsistence Premises costs: Rent Rates Light and heat Cleaning General administrative expenses: Telephone and fax Subscriptions Bank charges Insurance Software Repairs and maintenance Sundry expenses Legal and professional costs: Accountancy fees Consultancy fees Advertising and PR Other legal and professional |
2021 £ 8,515 76,846 13,650 225 99,236 21,871 21,871 36,300 195 36,495 7,000 713 2,758 1,111 11,582 583 125 - 1,068 - 14,215 - 15,991 1,360 8,541 - 252 10,153 74,221 |
2020 £ 2,730 93,606 14,000 28 110,364 7,485 7,485 44,513 - 44,513 8,152 203 3,498 - 11,853 603 158 11 862 358 12,242 20 14,254 1,285 - 10 - 1,295 71,915 |
|---|---|---|
6