HALIFAX THESPIANS COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS 28 FEBRUARY 2025 Company registration number 05010701 CharAty Number 1103913 Streets.
HALIFIIX THESPIANS COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 28 FEBRUARY 2025 PAGE Trustees, annual report (incojporating the director's report) Independent examinefs report to the trustees Statement of financial activities (including income and exp¢nditure account) Statement of fmancial position Notes to the fmancial statements
HALIFAX THESPIANS COMPANY LIMITED BY GUARANTEE TRUSTEES, IINNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 28 FEBRUARY 2025 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the vear endcd 28 February 2025. REFERENCE AND ADMINISTRATIVE DETAIL Registered chArity name Halifax Thespians Charity registration number 1103913 Company registration Dumber 05010701 Principal office and registered The Playhouse office King Cross Street Halifax West Yorkshire HXI 2SH The trustees C J Baldock K Royston P Wadsworth PMBryan l Henderson C R Jefford-Horn J M O'Rourke A StoGkdill A M Neill R N G Billson Mr l B)ield A J Holland G P A Marc5caux J A Kendall J A Johnstone SAOld R Bi)oth C Marsh P Makh (Resigned 16 September 2024) (Resigned 5 August 2024) (Resigned l 6 September 2024) (Appointed 16 September 2024) (Appotnted 16 September 2024) (Appointed 16 September 2024) (Appointed 16 September 2024) (Appointed l O March 2025) (Appointed 14 April 2025) (Appomted 14 April 2025) (Appointed 15 September 2025) (Appointed 14 April 2025) Company seci'etary A J Holland Jndependent examiner E A Short FCA Streets Spenser Wilson (Yorkshire) Ltd Equitable House 55 Pellon Lane Halif HXI 5SP
HALIFAX THESPIANS
COIVIPANY LIMITED BY GUARANTEE
TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT)
fcoA¢iiwed)
YEIIR ENDED 28 FEBRUARY 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
GOVERNING DOCUMENT
The organisation is a charitable company limited by guarantee. incorporated on 9 January 2004 and
registered as a charity on 25 May 2004. The Company was established under a Memorandum of
Association which establtshed the objects and powers of the charitable company and is governed
under the Articles of Association. In the event of the company being wound up members are required
to contribute an amount not exceeding £1.
RECRUrrE AND APPOINTMEIYT OF TRUSTEES
The directors of the company are also charity trustees for th¢ purposes of charity law. The trustees
may appoint one or more sub
HALIFAX THESPIANS COMPANY LIMITED BY GUARANTEE TRUSTEES, ANNUAL REPORT IINCORPORATING THE DIRECTOR'S REPORT) (coii¢iiiuej YEAR EIYDED 28 FEBRUARY 2025 OBJECTIVES ACTIVITIES The charity's objectives are to promote. maintaiffj improve, and advance education, particularly by the production of educational plays and througb the encouragetnent of th¢ arts, kncludjng the arts of dram4 mime. dance. singing and music, and to forn]ulate. prepare and establish schemes therefore provided that all objects of the Charity shall be of a charitable nature. We have referred to the guidance contained in the Charity Commission's general guidance on piiblic benefit when reviewing our objectives and in planning our future activities. Th¢ theatre relies on admission fees and hire charges to cover its operating costs and when setting the level of fees, hire charges and concessions. the directors balance carefully the operating costs with accessibility lo the theatre for a broad range of the local community and for local groups wisliing to hire the theatre space. The strategies employed to further the charity's objertives include: the pres¢ntation of a broad range of theatre productions for the enjoyment and education of the local community. offer opportunities for a widc range of people to become involved in fomis of arts activity. the provision of facilities for amateur a[ professional artists and groups to present their own production. and 4. provide a venue for artistic displays. ACHIEVEMENTS IIND PERFORIWCE Halifax Thespians have continued nornial activities during the year. The company presented a varied programme of five productions on the main stage and two in the studio bar. The theatre was hired by a number of local COmTnunity groups including musical theatre societies, as well as many professional companies. The The5pians' main stage productions during the accounting period attracted an average audience of 34.90/0, which is a slight improvement on the previous year but is again very disappointing. We continue to strive to ensure that we off¢r a varied and attractive programme. Th¢ income fro hiring the theatre was very encouraging. We continuc to review our prices regularly to ensure that we offer oiir audiences excellent value for money. Second Wave Theatre, our new training group, has been established. Th¢ aims of this group are to enhance the Thespians, understanding and appteciation of theatre and ar( to improve the lives of our members through umovative and exciting perforn]ance and to develop every Inember's skills through performance. We continue to revieiv our trainÈng activities with a view to ensuring the future of our company.
HALIFAX THESPIANS COMPANY LITED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) (contuwed) YEAR ENDED 28 FEBRUARY 202) During the year, the company's business team (secretary. treasurer and business manager) has ensured that the theatre complies with all necessary licenses and regulations, managed the company's fjnances, focusing on maintaining our operating costs in a controlled way whilst seeklng ways to maintain and grow our in¢ome. Thespians, and visitors, Productions have been scheduled to accommodat¢ all requirements. The operating deficit for th¢ year was £18,164 (opeTating dcficit 2024 - £8,801) which has been deducted from reserves. R¢setv¢s at the end of the year were £240.550 (2024 - £258,714) which are used to finance additional projects, trading in th¢ ensuing year and as backup serVe. Illveytmellt policy Aside from retaining a pnldent amount in reserves each year most of the Charity's funds are to be spent in the short temi so there are few fvnds for long terni investment. Having considered the options available, the Management Committee has decided to invest the small amount that is available in a short-tenn notic¢ interest bearing account. Reserves policy The Trustees have examined the Charity's requirements for reserves in light of th¢ main risks to the organisation and have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 6 and 9 months of expenditure, in view of current economic difficultte5 and attendance not achieving P Covid-19 leve15, which amounts to approximately £70,000. Unrestricted funds are L?36,520 including a designated fund of £49,563 and fixed assets of £133,261, therefore the present level of free SerVeS available to the charity is £53,696 (2024- £68,960). The reserves are now less than the Current policy and reserves have declined in rcceut years and it is the intention of trnstees to increase the reserves and look to the long temi future of the theatre both from a perforn]ance and building utilisation perspectiTre. It is hoped that the trustees will be able to build on the reserves to ¢tble the modification and change programme to the premises and facilities both at the Playhouse and Carlton Rooms. Principal fundina sourees The principal funding sources for the cbarity are from the promotion of the art through the theatre.
HALIFAX THESPIANS COMPANY LIMtTED BY GUARANTEE TRUSTEES, ANNUAL REPORT (INCORPORATING THE DIRECTOR'S REPORT) YEAR ENDED 28 FEBRUARY 2025 PLANS FOR FUTURE PERIODS The compally aims to CODtiDue its Current activities to consolidate and build on previous successes and to explore ways in which our prcmises might bc developed to further bcnefjt our members alld the community specifically. speofically in stagc lighting, auditoriuJn seating, and eco-frien(lly heating. The trustees, annual report atd the strategic report wer¢ approved on 15 Septembcr 2025 and signed oll behalf of th¢ board of trustees by: G P MARESCAtJx Chair ERSON Treasurer
HALIFAX THESPIANS COMPANY LIMITED BY GUARANTEE INDEPENDENT EXA]KINER'S REPORT TO THE TRUSTEES OF HALIFAX THESPIANS YEAR ENDED 28 FEBRUARY 2025 I report to tli¢ trust¢¢s on my examination of the financial ststements of Halifax Th¢spians ('tlie charity,) for the year ended 28 February 2025. RESPONSIBILfrJES AND BASIS OF REPORT As the trust¢cs of the company (and also its directors for the purtK)ses of Company law) you are responsible for the preparation of the financial statemcnts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in resP¢Ct of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 {'tELe 2011 Act,). In canying out my examination I have followed the Directions given by the Charity Conunission under sectiOfL 145(5)(b) of the 201 l Act. IrqDEPELYD£IST EXAmER's srATElENT I have completed my examination. I confInn that no matters have come to my attention connection with the examination giving me caus¢ to believe: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. or the financial statements do not accord with those recoids; or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. or the fanCIaL statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for acoounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Lreland (FRS 102). I have no conccrns and have come across no other matters in comiection with the examination to which attentioii sliould be drawn in this report in order to cnable a proper understanding of the accounts to be aChed. E A Short FCA Streets Spenser Wilson (Yorksliire) Ltd Equitable House 55 Pellon Lane Halifax HXI 5SP
HALIFAX THESPIANS COMPANY LIMITED BY GUAlliwfEE STATEMENT OF FINANCLIL ACTIVITIES (INCLUDING INCOlktE IllYD EXPENDITURE ACCOUNT) YEAR ENDED 28 FEBRUARY 2025 2025 Unrestricled Restricted funds funds Total funds 2024 Total fimds Note Income and elldowments Donations and Icgacies Charitablc activitics Other trading activities Investment income 3,339 118.852 316 3,655 118.852 84 1206 31,955 91,391 216 1,115 1.206 Total income 123,481 316 123,797 124,677 Expendithre Expcnditur¢ on raising funds: Costs of raising donations and legacies Expenditure on cbaritable activities Total expenditure 220 133.258 10,11 141.590 371 141,961 141961 141.590 371 133,478 Net expenditure and net movement in funds (18.109) 55 (18,164) (8,801) Reconciliation of funds Total lldS brought fonvard Total funds carried forward 254.629 4,085 258.714 267,515 236,520 4.030 240,550 258,714 The statement of financial activities includes alI gains and Iosscs recolSed in the year. All income and expenditure derive from conttnuing activities. The notes on pages 9 to 18 form part of these financial statements.
IIALIFAX THESPIANS COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION (rontititstd) 28 FEBRUARY 2025 2025 2024 Note FLXED ASSETS Tangible fixed assets 17 133.261 142,446 CURRENT ASSETS Stocks Debtors Cash at bank and in Iwid 2,571 11273 127,942 2.771 17.762 131,148 18 141.786 151,681 CREDITORS: amounts falling due within one year NET CURRE]NT ASSETS 19 ¥497 35,413 107.289 116,268 TOTAL ASSETS LESS CURREIYT LIABILITIES 240550 258,714 NET ASSETS 240550 258,714 FUNDS OF THE cHARy Restricted funds Unrestricted funds 4,030 236,520 4,085 254.629 Total charity funds 20 240,550 258,714 For the year ending 28 February 2025 the charity was entitled to exemption from audit under section 477 of tbe Companies Act 2006 relating to sn)all companies. Directors, responsibilities: The members have not required the company to obtain an audit of its financial statements for the year in question tn accordance wlth section 476- The directors acknowledge their rwonsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. Thesc fanCIal statements have been prepared in accothe with the provisions applicable to companies subjectto the small companies, regime_ These fiDancial statements were approved by the board of trustees and authorised for issue on 15 September 2025. and arc signed on belf of the board by: I HENDERSON Tnist¢e The notes on pages 9 to 18 forni part of these financial ststements.
HALIFAX THESPIANS COMPANY LIMITED BY GUIlRèlNTEE NOTES TO THE FINANCIAL STATEivIEiYrs YEAR ENDED 28 FEBRUARY 2025 GENERAL INFORMATION The charity is a public benefit entity and a private company liinited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Playhouse, King Cross Stree( HalifaK West Yorkshire, HXI 2SH. STATEMEiYf OF COMPLIANCE These financial statements have becn prepared in compliance with FRS 102, 'The Financial Reporting Stsndard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) {Charities SORP (FRS 102)) and the Companies Act 2006. ACCOUNTllYG POLICIES Basis of preparation The financial statements havc been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and 7nvesttncnt properties nieasured at fair valiie through income or expenditure. The financial statements are prepared in sterling, which is the fiu]ctional currency of tlie entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estiwation uneertainty The preparation of the fjnancial statements requtres management to make judgements, estimat¢s and assumptions that affcct the amounts reported. These estimates and judgements are continually reviewed and are based on exFrience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial staten]ents.
HALIFAX THESPIANS COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CO14j YEAR ENDED 28 FEBRUARY 2025 ACCOUNTING POLICIES I11(¢d) Fund accounting Unrestricted fijnds are available for use at the discretion of the trustees to further any of the charity's putposes. Designated funds are unrestricted fimds earniarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the ternis of an appeal, and fall into one of two SUb-cles. restricted income funds or endowment fijnds. Incoming resourees All incom¢ is includ¢d in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: incomc from donations or grants 15 recognised H'hen ther¢ is evidence of entitlement to the gill receipt Is probable and its amount can be me&sured Teliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunt¢¢rs. 10
HALIFAX THESPIANS COMPANY LIfvUTED BY GUARANTEE NOTES TO THK FINANCIAL STATEMENTS Cconlinuedj YEAR ENDED 28 FEBRUARY 2025 AccOUNTG POLICIES (cvnfynNedJ Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: expenditure on raising funds includes the costs of all fundraising activities. events, non-charitable trading activities. and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those SUPPOrt costs and costs relating tr) the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising fiinds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditur¢ cateoories reflecting the use of the resource. Direct costs attributabl¢ to a single activity are allocated directly to that actlvlty. Shared costs ate apportioned between th¢ activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible ass¢ts ar¢ initially recorded at cost and 5ubsequcntly stated at cost less any accumulated depreciation and impairn]ent losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulatcd itnpairnient losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asseL less its residual value, over the useful economic lif¢ of that asset as follows: Freehold property Fixtures & fittings Eqiiipment Bar & kitchen 20/0 straight line l O % reducing balance Variable rates l O % reduciniF balance In)pairment of fixed assets A r¢view for indicators of impainnent is Caled out at each reporting date, with the recoverable amount being estimated where such indicators exist. Wh¢re the canying value exceeds the recoverable amount. the assct is impaired accordingly. Prior impainnents are also reviewed for possible reversal at each reporting date. 11
HALIFAX THESPIANS COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (eonfiDuedJ YEAR ENDED 28 FEBRUARY 2025 Stocks Stocks are measured at the lower of cost and estimated selling price less costs to ci)mplete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Financial instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financia] instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which ar¢ subsequently measured at amortised cost using th¢ effective interest method. LIITED BY GUARANTEE Halif Thcspians is a company limited by guarantee and accordingly does not have a share capital. Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he OT she is a member. or witbin one year after he or she ceases to be a member. DONATIONS AND LEGACIES Unrestricted Funds Restricted Total Funds Funds 2025 Sundry small donations Legacies Members subscriptions 1,564 316 1,880 1,775 1,775 3,339 316 3,655 Unrestricted Funds Restricted Total Funds Funds 2024 Sundry small donations Legacies Membcrs subscriptions 816 28,681 2,313 145 961 28,681 2,313 31,810 145 3J,955 12
HALIFAX THESPIANS COMPANY LIMITED BY GUARAThTEE NOTES TO THE FINANCIAL sTATEmErs (eoHlimied) YEAR ENDED 28 FEBRUARY 2025 CIIARrrABLE ACTIVITIES Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bar takings Box office takings Programme sales Front of house sales Hire of Carlton car park Hlre of Playhouse Miscellaneous income 36,664 34,786 198 7.565 2,335 36,887 417 36,664 34.786 198 7,565 2J35 36,887 417 26,134 31,401 269 6.858 3,336 23,115 278 26,134 31,401 269 6,858 3.336 23,115 278 118,852 118,852 91,391 91,391 OTHER TRADING ACTIVITIES Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 100 Club 84 216 216 INVESTMENT INCOME Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Bank interest receivable 1.206 1206 1,115 1,115 COSTS OF RAISING DONATIONS AND LEGACIES Unrestricted Total Funds Unrestric*d Total Funds Funds 2025 Funds 2024 Cost of fund raising events 220 220 10. EXPENDITURE ON CHARrrABLE AcfIvITIES BY FUND TYPE Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Fund5 2024 Cost of productions Bar cost of sales Front of house cost of sales Cost of hire of playhouse Support costs 28,982 20,161 3,574 8,449 80.795 28,982 20.161 3,574 8,449 80,795 141,961 27,592 18,148 27,592 18,148 3,327 10,932 73,259 10.932 73,259 141,961 133,258 133,258 13-
HALAx THESPNs COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (conlinued) YEAR ENDED 28 FEBRUARY 2025 11. EXPENDITURE ON CHARrfABLE ACTIVITJES BY ACTIVITY TYPE Activities undertaken directly Support costs Total funds 2025 Total fund 2024 C05t of productions Bar cost of sales Front of house cost of sales Cost of hire of playhouse Governance costs 28.982 20.161 3.574 8.449 77,929 106,911 20,161 3,574 8,449 2066 98,101 18,148 3,327 IlJ,932 2,75CI 133,258 2,866 61.166 80,795 141,961 12. ANALYSIS OF SUPPORT COSTS Total 2025 Total 2024 Staff costs Premises Communications and IT Finan¢¢ costs Miscellaneous expenses Repairs and maintenance Insiwance Other office costs Accountancy fees Depreciation Travelling 12.039 20,654 3,934 95 80 20,070 7,651 lJ33 2,620 12.119 200 9,294 11,844 4,977 62 21,063 4,079 2.750 11,825 128 80,795 73,259 13. NET EXPENDffURE Net expenditure is stated aftcT chargingJ(crediting): 2025 2024 Dq)reciation of tangible fed assets 12,119 11,825 14. IfDEPE1¥DENT EXLTh, UNATION FEES 2025 2024 Fees payable to the ind¢p¢ndent examiner for. Independent examination of the fil7claI statements 2,62 2,750 14-
HALIFAX THESPIANS COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMEIYTS (co YEAR ENDED 28 FEBRUARY 2025 IS. STAFF COSTS The totsl staftTcosts and employee benefits for the reporting period are anajysed as follows: 2025 2024 Wages and salaries 16,385 13,302 The average head count of employees during the year was 2 (2024: 2). The average number of full-time equivalent employees during the year is analysed as follows- 2025 No. 2024 Maintenance Box office No employee received employee benefits of more than £60,000 during the year (2024: Nil). 16. TRUSTEE REMUNEIL4TION AND EXPENSES No remuneration or other benefits from employment with the Charity were received by the trustees. No Reitnbursements for trustee expenses were made during in the year (2024 - £nil). At th¢ year-end there was a Sum of £1,000 includcd in "Other creditors" that is due to A fortner trustee for cxpenses incurred in 2018. 17. TANGIBLE FIXED ASSETS Freehold Fixtures property & fittings Equipment Bar& kitchen TotaI Cost At l March 2024 Additions 125,900 19.742 2.056 165.712 278 35,185 600 346,539 2,934 349,473 At 28 February 2025 Depreeiation At l March 2024 Charge for the year At 28 February 2025 Carrying amount At 28 February 2025 At 29 February 2024 125,900 21,798 165,990 35,785 47,842 2.518 9.449 1,374 10.823 133,372 6,052 13,430 2,175 204,093 12,119 50,360 139,424 15,605 216,212 75.540 10,975 26.566 20,180 21.755 133,261 78.058 10,293 32,340 l42,446 15-
HALIFAX THESPIANS COMPANY LIMITED BY GUAIL41YTE NOTES TO THE FINANCIAL STATEMENTS [a•nlivye YEAR ENDED 28 FEBRUARY 2025 18. DEBTORS 2025 2024 Trade debtors Prepayments and accrued income Other debtors 1.039 14,316 2.407 9,720 1,553 11,273 17,762 19. CREDITORS: amounts falling due within one year 2025 2024 Accruals and deferred income Other creditors 33.497 1,000 34,413 1,000 34,497 35,413 20. ANALYSLS OF CHARrfABLE FUNDS Unrestricted funds l Mar 2024 Incon)e Expenditure Transfers 28 Feb 2025 General funds Premises enhancement and expansion New Lighting Fund Launch into Future Theatre Roof fimd 2LI.406 123,481 (141.961) (6,340) 186.586 19,013 20,000 19,013 20,000 4,210 4310 6?40 236,149 6,340 254.629 123,481 (141,961) l MaT2023 Income Expenditure Transfers 29 Feb 2024 General fvnds Premises enhancement and expansion New Lighting Fund Launch into Future Theatre Roof fund 220,352 124,532 (133,478) 211,406 19.013 20.000 19.013 20,000 1.883 2,327 4.2lO 261.248 124,532 (133,478) 2.327 254,629 16
HALIFAX THESPIANS COMPANY L[lTED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENfs (cvnliNuEd) YEAR EIWED 28 FEBRUARY 2025 20. ANALYSIS OF CHARrrABLE FUNDS Cconfinue4) The Premises enhancernent and expansion designated fund relates to monies set aside by th trustees to carry out external impTovement to the theatre gardens and building. The Lighting designated fund relates to money set &side by the trustees to Improve the theatre ligliting systems. The fund raising programme. LIFT (Launch into Future Theatre) is coi)tinuing Nvith further fund raising ¢v¢nts, however the fid$ are not for a specifjc purposes and are designated by the trustees. Restricted funds l Mar 2024 Income Expenditure Transfers 28 Feb 2025 Playhouse stage training young people's group Bar lighting Launch into Future Theatre Roof repairs Sound equipment 1,133 1,621 1,133 1250 (371) I,33l 66 250 lJ97 250 4,085 316 (371) 4,030 l Mar 2023 In¢om¢ Expenditure Transfers 29 Feb 2024 Playhouse stage training young people's group Bar lighting Launch into Future Theatre Roofrepairs Sound equipment 1,133 1,621 1.133 1,621 2.327 1,186 (2.327) 145 1.331 6.267 145 (2,327) 4,085 17
COMPANY LIMITED BY GUARANTEE NOTES TO THE DETAILED STATEMENT OF FINANCIAL ACTtVITIES (eonflnuav YEAR ENDED 28 FEBRUARY 2025 The Playhouse stage training group is for ]nIng young people wishing to enter the theatre. No further exFndItUre has been carried out in relation to th¢ young peopl¢'s group during the year. From a donation of £2.500 received in 2015 towards the cost of bar lighting, £1,250 is still remaining towards improved lighting in the bar area. The roof fund is for a major repair which the trustees anticipate will be required sometime in the future. 21. ANALYSIS OF IYET ASSETS BETWEEN FUNDS Unrestricted Restricted Total Fullds Funds Funds 2025 Tangible fLxed assets Current assets Creditors less than l year Net assets 133,261 137,756 (34,497) 236,520 133,261 141,786 (34,497) 240A50 4,030 4,030 Unrestricted Funds Restricted Total Funds Funds 2024 Tangibl¢ fed assets Current assets Creditors less than l year Net assets 142,446 147,596 (35,413) 254,629 4,085 151,681 (35.413) 258,714 4,085 18