## **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