Flash Musicals Charity Registration Number: 1094205 Report and Accounts 31 December 2024 ## **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** ## **Pros Assist Accountants** ## **Highstone House 165 High Street Barnet Hertfordshire EN5 5SU** ## **28 May 2025** 1 ## **Flash Musicals** ## **Statement of Income and Expenditure for the year ended 31 December 2024** |**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**|**2024**
**£**
115,180
(41,987)
73,193
(80,254)
(7,061)
(7,061)
(7,061)|**2023**
**£**
184,062
(40,693)
143,369
(89,586)
53,783
53,783
53,783| |---|---|---| 2 ## **Flash Musicals Balance Sheet as at 31 December 2024** |**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**|**2024**
**£**
32,256
133,043
(1,360)
131,683
163,939
163,939
163,939|**2023**
**£**
32,256
140,104
(1,360)
138,744
171,000
171,000
171,000| |---|---|---| **……………………..…………………….. ……………………..…………………….. Trustee signature Trustee signature ……………………..…………………….. ……………………..…………………….. Trustee name Trustee name** **The financial statements were approved by the board of trustees on 28 May 2025** 3 ## **Flash Musicals** ## **Notes to the Accounts for the year ended 31 December 2024** ## _**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 2024
At 31 December 2024
**Depreciation**
At 31 December 2024
**Net book value**
At 31 December 2024
At 31 December 2023
**2**
**Creditors: amounts falling due within one year**
Accruals
**3**
**Unrestricted funds**
At 1 January 2024
Total profit/(loss) for the year
At 31 December 2024|**Plant and**
**machinery**
**etc**
**£**
25,256
25,256
-
25,256
25,256|**Motor**
**vehicles**
**£**
7,000
7,000
-
7,000
7,000
**2024**
**£**
1,360
1,360
**2024**
**£**
171,000
(7,061)
163,939|**Total**
**£**
32,256
32,256
-
32,256
32,256
**2023**
**£**
1,360
1,360
**2023**
**£**
117,217
53,783
171,000| |---|---|---|---| 4 ## **Flash Musicals** ## **Detailed Income and Expenditure for the year ended 31 December 2024** |**Incoming Resources**
Activities
**Gross profit**
Administrative expenses
**Operating (loss)/profit**
**(Loss)/profit before tax**|**2024**
**£**
115,180
(41,987)
73,193
(80,254)
(7,061)
(7,061)|**2023**
**£**
184,062
(40,693)
143,369
(89,586)
53,783
53,783| |---|---|---| 5 ## **Flash Musicals** ## **Detailed Income and Expenditure for the year ended 31 December 2024** |**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|**2024**
**£**
-
93,539
5,000
16,641
115,180
41,987
39,220
39,220
7,000
575
7,836
988
16,399
391
396
1,161
16,787
18,735
1,360
4,540
5,900
80,254|**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| |---|---|---| 6