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.
Cedar Accountancy Limited
Santa Rosa
Broughton Road Stoney Stanton Leicester LE9 4JA
10 February 2026
1
Flash Musicals
Statement of Income and Expenditure for the year ended 31 December 2025
| Notes Incoming resources Activities to further the organisations objectives: Less cost of activities to generate funds: Total incoming resources less direct costs Resources expended Administrative expenses Net surplus/(deficit) |
2025 £ 128,951 30,770 98,181 98,842 (661) |
2024 £ 115,180 41,987 |
|---|---|---|
| 73,193 80,254 |
||
| (7,061) |
2
Flash Musicals Balance Sheet
as at 31 December 2025
| 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 Represented by: Reserves Accumulated reserves 3 Total funds ……………………..…………………….. Trustee signature ……………………..…………………….. Trustee name |
2025 £ 32,256 133,882 (2,860) 131,022 163,278 163,278 163,278 ……………………..…… Trustee signature ……………………..…… Trustee name |
2024 £ 32,256 133,043 (1,360) |
|---|---|---|
| 131,683 | ||
| 163,939 | ||
| 163,939 | ||
| 163,939 | ||
| ……………….. ……………….. |
The financial statements were approved by the board of trustees on 10 February 2025
3
Flash Musicals Notes to the Accounts for the year ended 31 December 2025
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 2025 At 31 December 2025 Depreciation At 31 December 2025 Net book value At 31 December 2025 At 31 December 2024 2 Creditors: amounts falling due within o Accruals 3 Total funds At 1 January 2025 Surplus/ (Deficit) for the year At 31 December 2025 Restricted funds Specific reserves Unrestricted funds |
Plant and machinery £ 25,256 25,256 - 25,256 25,256 ne year |
Motor vehicles £ 7,000 7,000 - 7,000 7,000 2025 £ 2,860 2,860 2025 £ 163,939 (661) 163,278 34,800 50,000 78,478 163,278 |
Total £ 32,256 |
|---|---|---|---|
| 32,256 | |||
| - | |||
| 32,256 | |||
| 32,256 | |||
| 2024 £ 1,360 |
|||
| 1,360 | |||
| 2024 £ 171,000 (7,061) |
|||
| 163,939 | |||
| - - 163,939 |
|||
| 163,939 |
4
Flash Musicals
Detailed Income and Expenditure
for the year ended 31 December 2025
| Income Grants Rents received Insurance claims Funds generated from operations Costs Direct costs of generating income Net Income Administrative expenses Employee costs: Wages and salaries Premises costs: Rent and service costs Rates Light and heat Cleaning General administrative expenses: Telephone and internet Office costs Computer Subscriptions Insurance Repairs and maintenance Legal and professional costs: Accountancy fees Consultancy fees Total overheads Deficit for the year |
2025 £ 72,325 - 26,713 29,913 128,951 30,770 98,181 36,900 36,900 7,561 436 8,632 1,214 17,843 803 369 769 175 346 40,137 42,599 1,500 - 1,500 98,842 (661) |
2024 £ 93,539 5,000 - 16,641 |
|---|---|---|
| 115,180 41,987 |
||
| 73,193 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 | ||
| (7,061) |
5