**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)
|
|---|---|---|