Company registration number: 06722614 The Deborah Day Theatre School Trust Company limited by guarantee Financlal Statements 31 Dècèmber 2023 MYERS ACCOUNTATQTS TAX AND BUSINESS ADVISE
The Deborah Day Theatre School Trust Company Ilmited by guarantee Contents Page Directors and other infom)alion Directors report Accountants report Slalement of Comprehensive income Statement of linancial position Slalement ol changes in equity Notes to the financial statements 8-10
The Deborah Day Theatre School Trust Company limited by guaranteg Directors and other information Directors Deborah A Shea G E Guazzelli J M Maynard J O N Nnodim Secretary G E Guazzelli Company number 06722614 Registered oflice Finanee House 383 Eastern Avenue Ilford Essex IG2 6LR Business address 22 Mead Field Drive Great Hallingbltry Essex CM22 7FJ Accountsnts Myeis AccDuntants Tax and Business Advisers Finance House 383 Eastern Avenue Ilford Essex IG2 6LR Page 1
The Deborah Day Theatr& School Trust Company1Smlted by guarantee Dlrectors report Year ended 31 Dècember 2023 The directors present their report and the unaudited financ¢al statements of the company for the year ended 31 December 2023. Director5 The directors who sewed the company during the year were as follows.. Deborah A Shea G E Guazzelli J M Maynard J O N Nnodim Small company provi$lons 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 27 August 2024 and signed on behalf of the board by.. Deborah A Shea Director Page 2
The Deborah Day Theatre School Trusl Company limited by guarantee Chartered accountants report to the board of director8 on the preparation of the unaudited Statutory financial statements of The Deborah Day Theatre School Trust Year ended 31 December 2023 As described on the statement of financial posilion, the directors of the company are responsible for the preparation of the financial statements for the ye21 ended 31 December 2023 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 st2temenls in order to as51St you lo fulfil your slalulory 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 27 August 2024 Page 3
The Dgborah Day Theatre School Trust Company limited by guarantee statement of comprehensive income Year ended 31 December 2023 2023 2022 Not¢ Turnover Cost of sales 255,416 129,5331 238,2S9 128,7941 Gross profil 225,883 209,465 Adminislralive expenses 1228,2741 1207,5121 Operatlng Ilossllprofit {2.3911 1,953 {Lossllproflt before taxation {2,3911 1,953 Tax on Iloss)Iprofit Loss)Iprofit for the financial year and total comprehensive income {2,3911 1,953 All the activities of the cotnpany are from continuing operations. The notes on pages 8 to 10 form part ofthesè financial statements. Pog8 4
The Deborah Day Theatre School Trust Company limited by guarantee Statement of flnanclal position 31 December 2023 2023 2022 Note Flxed assets Tangible assets 13,066 13,066 13,066 13,066 Current assets Cash al bank and in hand 3,454 4,390 3,454 4.390 Creditors: amounts falllng due wlthln one year 14,2871 {2,8321 Net turrent Illabllltles)lassets 18331 1,558 Total assets less current IlabllSties 12,233 14.624 Not asset$ 12,233 14,624 Capital and reserves Profit and loss account 12.233 14,624 Members funds 12,233 14,624 For the year ending 31 December 2023 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 lo obtain an audit ol ils 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 wlh respect lo accounting records and the pteparation of financial slalemenls. The note5 on pages 8 to 10 form part of these financial statements. Page S
The Deborah Day Theatre School Trust Company limited by guarantee Statement of financial position Icontinuedl 31 December 2023 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 ol Ireland,. These financial statements were approved by the board of directors and aulhorised for issue on 27 August 2024. and are signed on behalf of the board by.. Deborah A Shea Director Company registration number.. 06722614 The notes on pages 8 to 10 fomi part of these financial statements. Page 6
The Deborah Day Theatre School Trust Company limited by guarantee stst¢ment of changes in equity Year ended 31 December 2023 Profil and loss account Total At 1 January 2022 12,671 12.671 (Lossllprolit for the year Total comprohonsivè Income for the year 1,953 1,953 1,953 1,953 At 31 December 2022 and 1 January 2023 14,624 14.624 ILossYprofil for the year Total comprehensive incomg for the year 12,3911 12,3911 (2.391) 12,391) At 31 December 2023 12,233 12,233 Page 7
The Deborah Day Theatre School Trust Company limited by guarantee Notes to the flnanclal statements Yearendpd 31 Decembor 2023 l. 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 compllance These financial statements have been prepared in compliance with the provision5 01 FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,. 3. Accounting policies Basls of preparation The financial slalemenls have been prepared on the historical cost basis, as modified by the revalLtation of certain financial assets and liabilities and investment properties measured at fair value through profil or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. Turnovgr Turnover is measured at the fair value of the consideration recelved or receivable foi goods supplied and services rendered, net of discounts arTrd Value Added Tax. Revenue from the sale of goods is recognised when the signif5canl risks and rewards of ownership have transferred to the buyer {usually on despatch of the goods)", the amount of revenue can be measured reliably,. il 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 me8sured reliably. Tangible assets Tangible assets are initially recorded al cost, and are subsequently staled at cost less any accumulated depreciation and impairment losses. Any tangible assets carried al revalued amounts are Tecorded al Ihe fair value at the date of revaluatio less any subsequent accumulated depreciation and subsequent accumulated impaiiment losses. An increase in the carrying amount of an asset as a result of a revaluation. Is iecognised in other comprehensive income and accumulated in capital and reserves, except lo the extent it reverses a revaluation decrease of the same assel previously recognised irl profi't or loss. A decrease in the carying 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 i respect of that assel. whe a revaluation decrease exceeds the accumulaled revaluation gains accumulated in capital and reserves in respect of that asset. the excess shall be recognised in profit or loss. Page B
The Deborah Day Thoatre School Tru$t Company limited by guarantee Notes to the financial statements Icontinu8dl Year ended 31 December 2023 Depreciation Depreciation is calcu121ed so as lo write off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset as follows.. If there is an indication that the has been a significant change in depreciation rate. useful life or residual value of tangible assets, the depreciation is revised prospgctively lo reflect the new eslimales. Impairment A review for indi¢alors of impairment is Carried out at each reporting dale, with the recoverable amount being estimated where such indicalors'exisl. 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 il is not Possible to estimate Ihe.recoverable amount of an individual asset, an e51imale is made of the recoverable amount of the cash-generaling unil lo which the asset belongs. The cash-generaling unil is the smallest identifiable group of assets that includes the asset and generates cash inflows that are [gelY independent of the cash inflows from other assets or groups of assets. Financial instrum¢nts A financial asset or a financial liability is recognised only when the company becomes a party to the conlraclual provisions of the instrumenl. Basic financial instruments are initially tOgnISed al the transaction price, unless the arrangement constitutes a financing Iransaclion, where it is recognised al the present value of the fulL¢re payments discounted al a market rate of interest for a similai debt inslrumenl. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-pullable ordinary sb,ares or preference shares are publicly traded or their fair value can olherwise be measured reliably, the investment is subsequently measured al fair value with changes in fair value recognised in profil or loss. All other such investments are subsequently measured al cost less impairment. Other financial inslrumenls, includlng derivats'ves, are initially recognised al fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a Tnarkel rate, in which case the asset is measured al the present value of the future payments discounted al a market rale of interest for a similar debt instrument. Other financial inslrurMen15 are subsequently measured al fair value, with any changes recognised in profil or loss. with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised wsl are reviewed for objective evidence of impairment al the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profil or loss immediately. For all equity instruments regardless of significance, and olher financial assets that are Indivldually significant, these are 28sèssed individually for impaiimenl. Other financial assets or either assessed individually or grouped on the basis of similar credit risk ¢haracleristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount ol the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 4. Limited by guarantee Each member of the Charity undertakes lo contribute lo the assets of the Charity in the event that it is wound up if helshe is a member or within one year after helshe ceases to be a member for the payments of debts and liabilities ol the Charity contracted before helshe ceases to be a member and the Page 9
The Deborah Day Thèatre School Trust Company limited by guarantee Notes to the financial statements Icontinuedl Year ended 31 Docember 2023 ¢08ls, charges and expenses of winding up the Charity and for the adjustment of the right of the conlribulories among themselves, such amount as being required, not exedIng £1. Page 9
The Doborah Day Theatre School T¥ust Company limited by guarantee Notes to the flnanclal statements {continuedl Year ended 31 December2023 S. Employee numbers The average number of persons employed by the company during the year amounted to Nil (2022.. Nill. 6. Tangible assets Fixtures, fillings and equipment Total ost At 1 January 2023 and 31 December 2023 13,066 13,066 Depreciation At 1 January 2023 and 31 December 2023 Carrying amount At 310ecember 2023 13.066 13,066 At 31 December 2022 13.066 13,066 7. Creditors: amounts falling due within one yeat 2023 2022 other creditors 4.287 2,832 Page 10
The Deborah Day Theatre School Trust Company limited by guarante¢ The followlng pages do not fom) part of the statutory accounts.
The Deborah Day Theatre School Trust Company limited by guarantee Detailed Income statement Year ended 31 December 2023 2023 2022 Turnover Sales 255,416 238,259 255,416 238,259 Cost of sales Purchases and direct expenses (29,5331 128,7941 129,5331 128,7941 Gross proflt 225,883 209,465 Overheads Administrative expènses Wages and salaries Examination tees Rent payable Insurance Repairs and maintenan Costumes and presentation Photography Printing, postage and stationery Advertising Telephone Computer costs Motor Iravelling and subsislen Accountancy fees Bank charges Credit card charges General eJ(penses Charitable donations- type 2 1147,245} 17,0311 136,0461 15061 12,0961 119,3801 11,4561 11,0311 11,5951 12,4641 12,991) 1312) 12,959) 11,786) 1526} 1850} 1128,669) 14,589} 135,566) 13581 {1,0011 120,2121 12,2461 12,0331 11,1511 11,8371 12,303) 11,078) 12,959) 11,391) 1643} 1966} 1510) (228,2741 1207.512} Operating Iloss}Iprofit 12,3911 1,953 (Lossyprofit before taxation 12,3911 1,953