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← New Mills Art Theatre Limited

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 05185107 (England and Wales) REGISTERED CHARITY NUMBER: 1108426

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

NEW MILLS ART THEATRE LIMITED

Mourne & Co 2 Meadow Close Whaley Bridge High Peak SK23 7BD

NEW MILLS ART THEATRE LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 11
Detailed Statement of Financial Activities 12 to 13

NEW MILLS ART THEATRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Theatre was hired out on 12 separate occasions during the year for various events, and is used on a weekly basis by a youth theatre group.

In February 2024, a complete overhaul of the stage rigging commenced; this project was completed in 2024/25.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

05185107 (England and Wales)

Registered Charity number

1108426

Registered office

45 Union Road New Mills High Peak SK22 3EL

Trustees

C Brown P A Holt J T Barber Mrs B J Eaves D B Thompson J A Chase N Peach Ms C M Bannister

Company Secretary

D C Cooper

Independent Examiner

Timothy J Mourne FCA Mourne & Co 2 Meadow Close Whaley Bridge High Peak SK23 7BD

Approved by order of the board of trustees on 19th May 2025 and signed on its behalf by:

Page 1

NEW MILLS ART THEATRE LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

P A Holt - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW MILLS ART THEATRE LIMITED

Independent examiner's report to the trustees of New Mills Art Theatre Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts 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

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Timothy J Mourne FCA The Institute of Chartered Accountants in England and Wales

Mourne & Co 2 Meadow Close Whaley Bridge High Peak SK23 7BD

17th September 2025

Page 3

NEW MILLS ART THEATRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025

2025
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
35,381
Charitable activities
Theatre hire
45,165
Other trading activities
2
42,349
Investment income
3
1,129
Total
124,024
EXPENDITURE ON
Raising funds
19,157
Charitable activities
Theatre hire
73,244
Total
92,401
NET INCOME/(EXPENDITURE)
31,623
RECONCILIATION OF FUNDS
Total funds brought forward
525,550
TOTAL FUNDS CARRIED FORWARD
557,173		 2024
Total
funds
£
5,264
23,146
25,878
-
54,288
11,063
60,957
72,020
(17,732)
541,237
523,505

The notes form part of these financial statements

Page 4

NEW MILLS ART THEATRE LIMITED

BALANCE SHEET 31ST MARCH 2025

Notes
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Stocks
8
Debtors
9
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
10
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
11
Unrestricted funds
TOTAL FUNDS		 2025
Unrestricted
fund
£
507,416
3,802
7,408
45,153
56,363
(6,606)
49,757
557,173
557,173
557,173
557,173		 2024
Total
funds
£
475,363
3,516
7,507
44,410
55,433
(7,291)
48,142
523,505
523,505
523,505
523,505

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 19th May 2025 and were signed on its behalf by:

P A Holt - Trustee

The notes form part of these financial statements

Page 5

NEW MILLS ART THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - 2% on cost Improvements to property - 10% on cost Plant and machinery - 20% on reducing balance, 10% on cost, 5% on cost and Straight line over 15 years Fixtures and fittings - 5% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Page 6

continued...

NEW MILLS ART THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

2. OTHER TRADING ACTIVITIES

Bar sales
Confectionery sales
Ice cream sales
Sundry receipts
Coffee machine sales
3.
INVESTMENT INCOME
Deposit account interest
4.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets
Other operating leases		 2025
£
23,669
11,394
6,775
511
-
42,349
2025
£
1,129
2025
£
22,634
7,150		 2024
£
15,741
4,337
4,880
848
72
25,878
2024
£
-
2024
£
17,521
5,600

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2025 nor for the year ended 31st March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2025 nor for the year ended 31st March 2024.

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 5,264
Charitable activities
Theatre hire 23,146
Other trading activities 25,878
Total 54,288
EXPENDITURE ON
Raising funds 11,063
Charitable activities
Theatre hire 60,957

continued...

Page 7

NEW MILLS ART THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

7.

Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
TANGIBLE FIXED ASSETS
COST
At 1st April 2024
Additions
At 31st March 2025
DEPRECIATION
At 1st April 2024
Charge for year
At 31st March 2025
NET BOOK VALUE
At 31st March 2025
At 31st March 2024		 Freehold
property
£
-
-
-
-
13,000
13,000
(13,000)
-		 Unrestricted
fund
£
72,020
(17,732)
541,237
523,505
Improvements
Long
to
leasehold
property
£
£
650,000
32,428
-
49,630
650,000
82,058
221,000
4,235
-
6,643
221,000
10,878
429,000
71,180
429,000
28,193

continued...

Page 8

NEW MILLS ART THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

7. TANGIBLE FIXED ASSETS - continued

Plant and
machinery
£
COST
At 1st April 2024
20,223
Additions
4,291
At 31st March 2025
24,514
DEPRECIATION
At 1st April 2024
9,191
Charge for year
2,167
At 31st March 2025
11,358
NET BOOK VALUE
At 31st March 2025
13,156
At 31st March 2024
11,032
8.
STOCKS
Stocks
9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
VAT
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accrued expenses		 Fixtures
and
fittings
£
10,460
766
11,226
3,322
824
4,146
7,080
7,138
2025
£
3,802
2025
£
2,585
1,295
3,528
7,408
2025
£
376
4,147
2,083
6,606		 Totals
£
713,111
54,687		 Totals
£
713,111
54,687
767,798
237,748
22,634
260,382
507,416
475,363
2024
£
3,516
2024
£
1,200
859
5,448
7,507
2024
£
482
4,765
2,044
7,291

continued...

Page 9

NEW MILLS ART THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

11. MOVEMENT IN FUNDS

At 1.4.24
£
Unrestricted funds
General fund
525,550
TOTAL FUNDS
525,550
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
124,024
TOTAL FUNDS
124,024
Comparatives for movement in funds
At 1.4.23
£
Unrestricted funds
General fund
541,237
TOTAL FUNDS
541,237
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
54,288
TOTAL FUNDS
54,288		 Net
movement
At
in funds
31.3.25
£
£
31,623
557,173
31,623
557,173
Resources
Movement
expended
in funds
£
£
(92,401)
31,623
(92,401)
31,623
Net
movement
At
in funds
31.3.24
£
£
(17,732)
523,505
(17,732)
523,505
Resources
Movement
expended
in funds
£
£
(72,020)
(17,732)
(72,020)
(17,732)

continued...

Page 10

NEW MILLS ART THEATRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.23
£
541,237
541,237		 Net
movement
in funds
£
13,891
13,891		 At
31.3.25
£
555,128
555,128

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
178,312
178,312		 Resources
Movement
expended
in funds
£
£
(164,421)
13,891
(164,421)
13,891		 Resources
Movement
expended
in funds
£
£
(164,421)
13,891
(164,421)
13,891
13,891

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2025.

Page 11

NEW MILLS ART THEATRE LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Bar sales
Confectionery sales
Ice cream sales
Sundry receipts
Coffee machine sales
Investment income
Deposit account interest
Charitable activities
Theatre hire
Total incoming resources
EXPENDITURE
Other trading activities
Opening stock
Bar purchases
Confectionery purchases
Ice cream purchases
Coffee machine purchases
Closing stock
Charitable activities
Rent
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Building maintenance
Legal and professional fees
Licenses
Computer expenses
Professional fees
Cleaning costs
Carried forward		 2025
£
35,381
23,669
11,394
6,775
511
-
42,349
1,129
45,165
124,024
3,516
9,336
5,391
4,491
225
(3,802)
19,157
7,150
4,483
2,139
12,031
-
-
1,447
322
13,560
541
180
1,061
-
6,169
49,083		 2024
£
5,264
15,741
4,337
4,880
848
72
25,878
-
23,146
54,288
2,207
7,366
2,246
2,760
-
(3,516)
11,063
5,600
4,252
3,895
7,691
299
22
1,690
1,498
10,929
-
180
688
2,155
3,710
42,609

This page does not form part of the statutory financial statements

Page 12

NEW MILLS ART THEATRE LIMITED

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2025
Charitable activities
Brought forward
Depreciation - Land and buildings
Improvements to property
Plant and machinery
Fixtures and fittings
Support costs
Finance
Credit card charges
Governance costs
Accountancy fees
Total resources expended
Net income/(expenditure)		 2025
£
49,083
13,000
6,644
2,167
824
71,718
676
850
92,401
31,623		 2024
£
42,609
13,000
1,681
1,964
876
60,130
377
450
72,020
(17,732)

This page does not form part of the statutory financial statements

Page 13