Trustees’ Annual Report 2025 - ACT One (1121133)
Trustees as of 30 June 2025
Wendy Spencer Natalie Savage Joanne Hancock Nicola Powell Amy North Danielle Starkey Helen Starkey Kevin Spencer Lorna North Adrian Dobson Michelle White James White
Activity
The charitable objects remain for the benefit of children and young people in Charnwood, Leicestershire and the surrounding area: to promote education and the arts; and to provide or assist in the provision of facilities for recreation or other leisure time occupation in the interests of social welfare with the object of improving the conditions of life for the young people of the area of benefit without distinction of sex or of political, religious or other opinions.
During 2024/25, ACT One has provided the opportunity for young people aged 10-18 years to perform in an annual concert and a full musical production of The Little Mermaid.
There have not been any serious reportable incidents during this time.
Membership
Membership of the group has remained consistently in the region of 40 young people during the year. ACT One continues to operate open auditions for new members and also for principal parts within our musical productions.
Financial
The cost of staging musical productions remains as the largest expenditure. Sound financial management is key to ensuring that ACT One continues to be able to afford the opportunity for as many young people as possible to take part. The Trustees have sought to keep membership fees as low as possible given the wider economic context whilst seeking to maintain a working budget that allows us to meet overheads and plan ahead to secure licenses from rights holders to perform.
ACT One proactively seek the support from grant awarding bodies, local businesses, and other charitable organisations. During 2024/25, ACT One have been thankful to a number of organisations for their financial support. This has also attracted wider publicity and assisted in highlighting the work that we do. We have been able to use this financial support to fund new audio equipment, costumes, tools for building set, and other expenses linked to the charitable objectives.
ACT One remains in a positive financial position.
Governance
ACT One continues to be guided by its constitution. The Trustees meet to ensure that the group is well run, meeting its charitable objectives, well managed financially, and has the required governance structures/policies in place.
ACT One continues to have safeguarding policies in place and every Trustee and volunteer is expected to uphold the highest of standards.
ACT One is well placed to continue achieving its charitable objectives for 2025/26.
ACT ONE
| Detailed | Statement of Financial | Activities | |
|---|---|---|---|
| 30-Jun-25 | |||
| Unrestricted | Restricted | TOTAL | |
| INCOMING RESOURCES | £ | ||
| Voluntary income | |||
| Weekly Subscriptions | 4,310 | 4,310 | |
| Annual Fees | 2,720 | 2,720 | |
| Show Fee | 0 | 0 | |
| Show Tickets | 6,090 | 6,090 | |
| Concert Tickets | 2,318 | 2,318 | |
| T Shirts | 248 | 248 | |
| DVD's | 105 | 105 | |
| Raffle | 1,298 | 1,298 | |
| Starlight Rent & Electric | 831 | 831 | |
| Show& Concert Programmes | 235 | 235 | |
| 18,155 | 0 | 18,155 | |
| Other income | |||
| Donations& Fundraising | 2,903 | 2,903 | |
| Grants / Patrons | 6,134 | 6,134 | |
| 9,037 | 0 | 9,037 | |
| Investment income | |||
| Bank Interest Received | 213 | 213 | |
| 213 | 0 | 213 | |
| Total incoming resources | 27,405 | 0 | 27,405 |
| RESOURCES EXPENDED | |||
| Charitable activities | |||
| Costumes | 1,555 | 1,555 | |
| Printing & Advertising | 273 | 273 | |
| Band | 3,212 | 3,212 | |
| Lighting & Sound | 1,312 | 1,312 | |
| Scenery & Props | 1,941 | 1,941 | |
| Theatre Rental | 4,160 | 4,160 | |
| Tshirts & Hoodies | 294 | 294 | |
| DVD's & Photos | 102 | 102 | |
| Bingo Food | 529 | 529 | |
| Van Hire | 567 | 567 | |
| 13,945 | 0 | 13,945 | |
| Governance costs | |||
| Insurance | 483 | 483 | |
| Electricity | 400 | 400 | |
| Performing Rights | 2,598 | 2,598 | |
| Sundries | 383 | 383 | |
| Bank Charges | 70 | 70 | |
| Church Rent | 1,401 | 1,401 | |
| Storage/Lock Up | 3,439 | 3,439 | |
| Small Equipment | 133 | 133 | |
| 8,907 | 0 | 8,907 | |
| Totalresourcesexpended | 22.852 | 0 | 22,852 |
| Net income/(expenditure) | 4,553 0 4,553 ee |
This page does not form part of the statutory financial statements
REGISTERED CHARITY NUMBER: 1121133
Report of the Trustees and Financial Statements for the year ended 30 June 2025 For Act ONE
Taxassist Accountants 2b Derby Road Ashby de la Zouch Leicestsershire LE65 2HE
ACT ONE
Contents of the Financial Statements Financial Statements for the year ended 30 June 2025
| Page | |
|---|---|
| Report ofthe Trustees | 1 to2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to6 |
| Notes to the Financial Statements | 7to9 |
| DetailedStatementofFinancialActivities | 10to11 |
Act ONE Report of the Trustees Financial Statements for the year ended 30 June 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 30 June 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities' issued in June 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 1121133 Office Address 7 Combe Close
Shepshed Leics LE12 9HH Trustees Wendy Mary Spencer Kevin Nicholas Spencer Natalie Savage Helen Starkey Joanne Hancock Lorna North Nicola Sian Powell James Robert White Amy Elizabeth North Adrian Philip Dobson Danielle Wilson-Starkey Michelle Tina White Independent Examiner TaxAssist Accountants 2b Derby Road Ashby de la Zouch Leicestershire LE65 2HE
Bankers HSBC
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES Objectives and aims
The trustees have the pleasure of submitting their report and the financial statements for the year ended 30 June 2024 Objectives of the charity, principal activities and organisation of our work
FOR THE BENEFIT OF CHILDREN AND YOUNG PEOPLE IN CHARNWOOD, LEICESTERSHIRE AND THE SURROUNDING AREA: TO PROMOTE EDUCATION AND THE ARTS; AND TO PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION IN THE INTERESTS OF SOCIAL WELFARE WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE YOUNG PEOPLE OF THE AREA OF BENEFIT WITHOUT DISTINCTION OF SEX OR OF POLITICAL, RELIGIOUS OR OTHER OPINIONS.
Act ONE Report of the Trustees Financial Statements for the year ended 30 June 2025
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable organisation and of the incoming resources and application of resources, including the income and expenditure, of the charitable organisation for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that
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“the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply. They are also responsible for safeguarding the assets of the charitable organisation and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
ON BEHALF OF THE COMMITTEE:
Signature
Name of Trustee
3 -| (
Independent Examiner's Report to the Trustees of Act ONE
Financial Statements for the year ended 30 June 2025
Respective responsibilities of trustees and examiner
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 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under Section 43 of the 1993 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under
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“Section 43(7)(b) of the 1993 Act); and - to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 you as 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 fair view' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, NO matter has come to my attention:
1) which gives me reasonable cause to believe that, in any material respect, the requirements
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to keep accounting records in accordance with Charitiy Commission guidelines;
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and to prepare accounts which accord with the accounting records, comply with the accounting with
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- the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
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2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to
) be reached.
Fp —
Nigel Starkey ATA MIPA - Practice Licence 244034
TaxAssist Accountants
2b Derby Road
Ashby de la Zouch
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Leicestershire
LE65 2HE ; Date...........0....Q> /[ La [207| O26
ACT ONE
| Detailed | Statement of Financial | Activities | |
|---|---|---|---|
| 30-Jun-25 | |||
| Unrestricted | Restricted | TOTAL | |
| INCOMING RESOURCES | £ | ||
| Voluntary income | |||
| Weekly Subscriptions | 4,310 | 4,310 | |
| Annual Fees | 2,720 | 2,720 | |
| Show Fee | 0 | 0 | |
| Show Tickets | 6,090 | 6,090 | |
| ConcertTickets | 2,318 | 2,318 | |
| T Shirts | 248 | 248 | |
| DVD's | 105 | 105 | |
| Raffle | 1,298 | 1,298 | |
| Starlight Rent& Electric | 831 | 831 | |
| Show& Concert Programmes | 235 | 235 | |
| 18,155 | 0 | 18,155 | |
| Other income | |||
| Donations & Fundraising | 2,903 | 2,903 | |
| Grants / Patrons | 6,134 | 6,134 | |
| 9,037 | 0 | 9,037 | |
| Investment income | |||
| Bank Interest Received | 213 | 213 | |
| 213 | 0 | 213 | |
| Total incoming resources | 27,405 | 0 | 27,405 |
| RESOURCES EXPENDED | |||
| Charitable activities | |||
| Costumes | 1,555 | 1,555 | |
| Printing & Advertising | 273 | 273 | |
| Band | 3,212 | 3,212 | |
| Lighting & Sound | 1,312 | 1,312 | |
| Scenery& Props | 1,941 | 1,941 | |
| Theatre Rental | 4,160 | 4,160 | |
| Tshirts & Hoodies | 294 | 294 | |
| DVD's & Photos | 102 | 102 | |
| Bingo Food | 529 | 529 | |
| Van Hire | 567 | 567 | |
| 13,945 | 0 | 13,945 | |
| Governance costs | |||
| Insurance | 483 | 483 | |
| Electricity | 400 | 400 | |
| Performing Rights | 2,598 | 2,598 | |
| Sundries | 383 | 383 | |
| Bank Charges | 70 | 70 | |
| Church Rent | 1,401 | 1,401 | |
| Storage/Lock Up | 3,439 | 3,439 | |
| Small Equipment | 133 | 133 | |
| 8,907 | 0 | 8,907 | |
| Totalresourcesexpended | 22.852 | 0 | 22,852 |
| Net income/(expenditure) | 4,553 ee |
0 ee |
4,553 |
This page does not form part of the statutory financial statements
ACT ONE
Notes to the Financial Statements - continued At 30 June 2025
4 TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2025.
Trustees' Expenses
There were no trustees’ expenses paid for time or activity neither for the year ended 30 June 2024 nor for the year ended 30 June 2025.
- 9
| Net | |||
|---|---|---|---|
| MOVEMENT IN FUNDS | At 1/7/24 | Movement | At 30/06/25 |
| in Funds | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | |||
| 21,155 | 4,553 | 25,708 | |
| Restricted funds | |||
| Restricted | 0 | 0 | 0 |
| TOTAL FUNDS | 21,155 | 4,553 | 25,708 |
| a | |||
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| Resources | Expended | in Funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 27,405 | 22,852 | 4,553 |
| Restricted funds | |||
| Restricted | 0 | 0 | 0 |
| TOTALFUNDS | 27,405 | 22,852 | 4,553 |
ACT ONE
Notes to the Financial Statements At 30 June 2025
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
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.
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.
2 INVESTMENT INCOME
| 2025 | ||
|---|---|---|
| Bank Interest Received | £ | |
| 213 | ||
| =———————— | ||
| 3 | NET INCOMING/(OUTGOING) RESOURCES | |
| 2025 | ||
| Net resources are stated after charging/ (crediting): | £ | |
| Depreciation-ownedassets | 0 |
ACT ONE
Balance Sheet - continued At 30 June 2025
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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preparing financial statements which give a true and fair view of the state of affairs of the charitable company as
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b at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
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(b) requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable organisation.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable organisations and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The financial statements were approved by the Board of Trustees on signed on its behalf by:
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and were
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Signature
Name of Trustee
The notes form part of these financial statements
ACT ONE
Balance Sheet At 30 June 2025
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Notes|Unrestricted|Restricted|2025|2024|
|funds|funds|Total|Total|
|£|£|funds|funds|
|£|£|
|FIXED|ASSETS|
|Tangible|assets|6|4,240|4,240|0|
|CURRENT|ASSETS|
|Cash|in|hand/Bank|20,905|0|20,905|21,447|
|Other|Debtors|1,047|1,047|0|
|21,952|0|21,952|21,447|
|CREDITORS|
|Receipt timing|differences|7|(484)|0|(484)|(292)|
|NET CURRENT ASSETS|21,468|0|21,468|21,155|
|TOTAL ASSETS|LESS|CURRENT|
|LIABILITIES|25,708|0|25,708|21,155|
|CREDITORS|
|Amounts|falling|due|after|more|than|one|year|8|0|0|0|
|NET ASSETS|25,708|0|25,708|21,155|
|FUNDS|9|
|Unrestricted|funds|25,708|21,155|
|Restricted|funds|0|0|
|TOTAL FUNDS|25,708|21,155|
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The notes form part of these financial statements
ACT ONE
Statement of Financial Activities At 30 June 2025
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||||||||
|---|---|---|---|---|---|---|
|Notes|Unrestricted|Restricted|2025|2024|
|funds|funds|Total|Total|
|£|£|funds|funds|
|£|£|
|INCOMING|RESOURCES|
|Incoming|Resources|from|generated|funds|2|
|Voluntary|income|27,405|27,405|29,695|
|Investment|income|0|0|0|
|Income|timing|differences|0|0|0|
|Total|incoming|resources|27,405|0|27,405|29,695|
|RESOURCES|EXPENDED|
|Charitable|Activities:|
|Gifts|and|Donations|0|0|0|0|
|Other|Charitable|purposes|13,945|0|13,945|11,686|
|Governance|Costs|8,907|0|8,907|11,639|
|Total|Resources|Expended|22,852|0|22,852|23,325|
|NET|INCOME/(OUTGOING)|RESOURCES|4,553|0|4,553|6,370|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|21,155|0|21,155|14,785|
|TOTAL|FUNDS|CARRIED FORWARD|25,708|0|25,708|21,155|
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The notes form part of these financial statements