Company registration number: 06722614
The Deborah Day Theatre School Trust Company limited by guarantee
Financial Statements
31 December 2022
MYERS ACCOUNTANTS TAX AND BUSINESS ADVISERS
The Deborah Day Theatre School Trust Company limited by guarantee
Contents
| Page | |
|---|---|
| Directors and other information | 1 |
| Directors report | 2 |
| Accountants report | 3 |
| Statement of comprehensive income | 4 |
| Statement of financial position | 5 - 6 |
| Statement of changes in equity | 7 |
| Notes to the financial statements | 8 - 10 |
The Deborah Day Theatre School Trust Company limited by guarantee
Directors and other information
Directors Deborah A Shea G E Guazzelli Mr R Coral J Wilson Secretary G E Guazzelli Company number 06722614 Registered office Finance House 383 Eastern Avenue Ilford Essex IG2 6LR Business address 22 Mead Field Drive Great Hallingbury Essex CM22 7FJ Accountants Myers Accountants Tax and Business Advisers Finance House 383 Eastern Avenue Ilford Essex IG2 6LR
Page 1
The Deborah Day Theatre School Trust Company limited by guarantee
Directors report Year ended 31 December 2022
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2022.
Directors
The directors who served the company during the year were as follows:
Deborah A Shea G E Guazzelli Mr R Coral J Wilson
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 22 November 2023 and signed on behalf of the board by:
Deborah A Shea Director
Page 2
The Deborah Day Theatre School Trust Company limited by guarantee
Accountants report to the board of directors on the preparation of the unaudited statutory financial statements of The Deborah Day Theatre School Trust Year ended 31 December 2022
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2022 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Myers Accountants Tax and Business Advisers Finance House 383 Eastern Avenue Ilford Essex IG2 6LR
22 November 2023
Page 3
The Deborah Day Theatre School Trust Company limited by guarantee
Statement of comprehensive income Year ended 31 December 2022
| Note Turnover Cost of sales Gross profit Administrative expenses Operating profit/(loss) Profit/(loss) before taxation Tax on profit/(loss) Profit/(loss) for the financial year and total comprehensive income |
2022 £ 238,259 (28,794) _ 209,465 (207,512) _ 1,953 1,953 - _ 1,953 |
2021 £ 166,365 (19,552) _ 146,813 (147,681) _ (868) (868) - _ (868) |
|---|---|---|
All the activities of the company are from continuing operations.
The notes on pages 8 to 10 form part of these financial statements.
Page 4
The Deborah Day Theatre School Trust Company limited by guarantee
Statement of financial position 31 December 2022
| Note Fixed assets Tangible assets 6 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 7 Net current assets/(liabilities) Total assets less current liabilities Net assets Capital and reserves Profit and loss account Members funds |
2022 £ £ 13,066 _ 13,066 4,390 _ 4,390 (2,832) _ 1,558 _ 14,624 _ 14,624 _ 14,624 _ 14,624 |
2021 £ £ 13,066 _ 13,066 2,191 _ 2,191 (2,586) _ (395) _ 12,671 _ 12,671 _ 12,671 _ 12,671 |
|---|---|---|
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- •The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
•The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
The notes on pages 8 to 10 form part of these financial statements.
Page 5
The Deborah Day Theatre School Trust Company limited by guarantee
Statement of financial position (continued) 31 December 2022
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 22 November 2023, and are signed on behalf of the board by:
Deborah A Shea Director
Company registration number: 06722614
The notes on pages 8 to 10 form part of these financial statements.
Page 6
The Deborah Day Theatre School Trust Company limited by guarantee
Statement of changes in equity Year ended 31 December 2022
| Profit and loss account £ At 1 January 2021 13,539 Profit/(loss) for the year (868) _ Total comprehensive income for the year (868) _ At 31 December 2021 and 1 January 2022 12,671 Profit/(loss) for the year 1,953 _ Total comprehensive income for the year 1,953 _ At 31 December 2022 14,624 |
Total £ 13,539 (868) _ (868) _ 12,671 1,953 _ 1,953 _ 14,624 |
|---|---|
Page 7
The Deborah Day Theatre School Trust Company limited by guarantee
Notes to the financial statements Year ended 31 December 2022
1. General information
The company is a private company limited by guarantee, registered in . The address of the registered office is Finance House, 383 Eastern Avenue, Ilford, Essex, IG2 6LR.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment 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 accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Page 8
The Deborah Day Theatre School Trust Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 December 2022
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Page 9
The Deborah Day Theatre School Trust Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 December 2022
4. Limited by guarantee
Each member of the Charity undertake to contribute to the assets of the Charity in the event that it is wound up if he/ she is a memberor within one year after he/ she ceases to be a member for payments od debts and liabilities of the Charity contracted before he/ she ceases to be a member and the costs, charges and expenses of winding up the Charity and for the adjustment of the right of the contributories among themselves, such amount as being required, not exceeding £1.
Page 9
The Deborah Day Theatre School Trust Company limited by guarantee
Notes to the financial statements (continued) Year ended 31 December 2022
5. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2021: Nil).
6. Tangible assets
| Tangible assets | ||
|---|---|---|
| Fixtures, | fittings and | |
| equipment | Total | |
| £ | £ | |
| Cost | ||
| At 1 January 2022 and 31 December 2022 | 13,066 _ |
13,066 _ |
| Depreciation | ||
| At 1 January 2022 and 31 December 2022 | - _ |
- _ |
| Carrying amount | ||
| At 31 December 2022 | 13,066 _ |
13,066 _ |
| At 31 December 2021 | 13,066 | 13,066 |
| _ | _ | |
| Creditors: amounts falling due within one year | ||
| 2022 | 2021 | |
| £ | £ | |
| Other creditors and accruals | 2,832 _ |
2,586 _ |
7. Creditors: amounts falling due within one year
Page 10
The Deborah Day Theatre School Trust Company limited by guarantee
The following pages do not form part of the statutory accounts.
The Deborah Day Theatre School Trust Company limited by guarantee
Detailed income statement Year ended 31 December 2022
| Turnover Cost of sales Purchases and direct expenses Gross profit Less: Overheads Administrative expenses Wages and salaries Examination fees Rent payable Insurance Repairs and maintenance Costumes and presentation Photography Printing, postage and stationery Advertising Telephone Computer costs Motor travelling and subsistence Accountancy fees Bank charges Credit card charges General expenses Charitable donations - type 2 Operating profit/(loss) Profit/(loss) before taxation |
2022 £ 238,259 _ 238,259 (28,794) _ (28,794) _ 209,465 (128,669) (4,589) (35,566) (358) (1,001) (20,212) (2,246) (2,033) (1,151) (1,837) (2,303) (1,078) (2,959) (1,391) (643) (966) (510) _ (207,512) 1,953 1,953 |
2021 £ 166,365 _ 166,365 (19,552) _ (19,552) _ 146,813 (97,924) (1,024) (16,825) (331) (699) (14,593) (2,499) (927) (1,348) (2,499) (2,713) (732) (2,713) (1,483) (95) (766) (510) _ (147,681) (868) (868) |
|---|---|---|