Flash Musicals Charity Registration Number: 1094205
Report and Accounts
31 December 2023
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
19 February 2024
1
Flash Musicals
Statement of Income and Expenditure for the year ended 31 December 2023
| 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 2023 |
2023 £ 184,062 (40,693) 143,369 (89,586) 53,783 53,783 53,783 |
2022 £ 99,995 (28,601) 71,394 (87,653) (16,259) (16,259) (16,259) |
|---|---|---|
2
Flash Musicals Balance Sheet as at 31 December 2023
| 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 |
2023 £ 32,256 140,104 (1,360) 138,744 171,000 171,000 171,000 |
2022 £ 32,256 86,321 (1,360) 84,961 117,217 117,217 117,217 |
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| ……………………..…………………….. | ……………………..…………………….. |
|---|---|
| Trustee signature | Trustee signature |
| ……………………..…………………….. | ……………………..…………………….. |
| Trustee name | Trustee name |
The financial statements were approved by the board of trustees on 19 February 2024
3
Flash Musicals
Notes to the Accounts
for the year ended 31 December 2023
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 2023 At 31 December 2023 Depreciation At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 2 Creditors: amounts falling due within one year Accruals 3 Unrestricted funds At 1 January 2023 Total profit/(loss) for the year At 31 December 2023 |
Plant and machinery etc £ 25,256 25,256 - 25,256 25,256 |
Motor vehicles £ 7,000 7,000 - 7,000 7,000 2023 £ 1,360 1,360 2023 £ 117,217 53,783 171,000 |
Total £ 32,256 32,256 - 32,256 32,256 2022 £ 1,360 1,360 2022 £ 133,476 (16,259) 117,217 |
|---|---|---|---|
4
Flash Musicals
Detailed Income and Expenditure for the year ended 31 December 2023
| Incoming Resources Activities Gross profit Administrative expenses Operating profit/(loss) Profit/(loss) before tax |
2023 £ 184,062 (40,693) 143,369 (89,586) 53,783 53,783 |
2022 £ 99,995 (28,601) 71,394 (87,653) (16,259) (16,259) |
|---|---|---|
5
Flash Musicals
Detailed Income and Expenditure for the year ended 31 December 2023
| Incoming Resources Den Income Grants Rents received Shows Activities Purchases Administrative expenses Employee costs: Wages and salaries Premises costs: Rent Rates Light and heat Cleaning General administrative expenses: Telephone and fax Subscriptions Insurance Repairs and maintenance Legal and professional costs: Accountancy fees Consultancy fees |
2023 £ - 152,534 16,042 15,486 184,062 40,693 39,410 39,410 7,000 1,721 6,022 1,028 15,771 676 - 1,087 22,398 24,161 1,360 8,884 10,244 89,586 |
2022 £ 2,582 63,124 23,045 11,244 99,995 28,601 44,100 44,100 7,000 379 5,248 1,752 14,379 635 150 464 20,565 21,814 1,860 5,500 7,360 87,653 |
|---|---|---|
6