The Globe Players
Registered company 06817967 Registered charity 1131332
Report and Accounts For the year ended 31[st] December 2022
Contents
Page 1 Independent Examiner’s Report
Page 2 Directors’ Report
Page 3 Income and Expenditure Report
Page 4 Balance Sheet
Page 5 Notes to the Financial Statement
Page 6 Detailed Income and Expenditure Accounts (this schedule does not form part of the statutory accounts)
Page 1
The Globe Players
Registered company 06817967
Statement of Financial Activities
Independent Examiner’s Report to the Directors
This report on the financial statements of the Globe Players is for the year ended 31[st] December 2022, which are set out on pages 3 to 5.
Respective responsibilities of trustees and examiner.
As the directors of the company you are responsible for the preparation of the financial statements. You consider that an audit is not required for this year under section 144 of the Charities Act 2011 (The Charities Act) and that an independent examination is needed. It is my responsibility to:
-
Examine the accounts under section 145 of the Charities Act
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To follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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To state whether particular matters have come to my attention.
Basis of this report
My examination was carried out in accordance with the general directions given by the Charity Commission. That examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanation 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 statement below.
Independent examiner’s statement
In connection with my examination no matter has come to my attention:
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(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 section 130 of the Charities Act;
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to prepare financial statements, which accord with the accounting records and to comply with the requirements of the Act 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.
25/05/2023
Signed
Page 2
The Globe Players
Registered company 06817967
Directors’ Report
The directors present their report and accounts for the year ended 31st December 2022.
Principal Activities
The company’s principal activity during the year continued to be the presentation of Shakespeare theatre for school children.
Directors
The following persons served as directors during the year
Philippa Ritchie Stephen Paul Kane Sara Butterfield Kate Allan
Small Company Provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime
This report was approved by the board on…………………………..2023
And signed on its behalf by
…………………………………………………………………………….
Name
……………………………………………………………………………..
Signature
Page 3
The Globe Players Registered company 06817967 Register charity 1131332
Statement of Financial Activities 01/01/2022 to 31/12/2022
| 2022 2021 |
|
|---|---|
| Turnover | 178,574 £ 207,802 £ |
| Cost of Sales | |
| Cost of Sales | 1,309 £ 2,946 £ |
| Gross Surplus(deficit) | 177,265 £ 204,856 £ |
| Administrative Costs | 195,121 £ 143,000 £ |
| Net Surplus(deficit) | 17,856 -£ 61,856 £ |
| movement in funds 2022 unrestricted funds as at 31/12/2021 surplus (deficit) 2022 unrestricted funds as at 31/12/2022 |
58,963 £ 17,856 -£ 41,107 £ |
Page 4
The Globe Players Registered company 06817967 Register charity 1131332
Report and Accounts For the year ended 31st December 2022
Balance Sheet
Balance Sheet
The Globe Players As at 31 December 2022
| 31 Dec 2022 notes 31 Dec 2021 |
||
|---|---|---|
| Fixed Assets | ||
| Tangible Assets | ||
| Motor Vehicles | 5,000 £ 1 5,000 £ |
|
| Less Accumulated Depreciation on Motor Vehicles | 2,000 -£ 1,250 -£ |
|
| Props and Costumes | 35,000 £ 2 35,000 £ |
|
| Less Accumulated Depreciation on Props and Costu | m 8,750 -£ 8,750 -£ |
|
| Total Tangible Assets | 29,250 £ 30,000 £ |
|
| Total Fixed Assets Current Assets |
29,250 £ 30,000 £ |
|
| Cash at bank and in hand | ||
| Business Reserve Account | 10,013 £ 3,250 £ |
|
| Current Account | 10,547 £ 46,255 £ |
|
| Total Cash at bank and in hand | 20,561 £ 49,505 £ |
|
| Accounts Receivable | 52,248 £ 3 23,280 £ |
|
| Total Current Assets Creditors: amounts falling due within oneyear |
72,809 £ 72,785 £ |
|
| Accounts Payable | 150 £ 4 - £ |
|
| Accruals | 450 £ 5 - £ |
|
| Income in Advance | 19,000 £ 6 - £ |
|
| VAT | 5,504 £ 4,975 £ |
|
| Total Creditors: amounts falling due within one year Creditors: amounts falling due after more than oneyear |
25,104 £ 4,975 £ |
|
| Net Current Assets(Liabilities) | 47,704 £ 67,810 £ |
|
| Total Assets less Current Liabilities | 76,954 £ 97,810 £ |
|
| Loan | 35,847 £ 7 38,847 £ |
|
| Total Creditors: amounts falling due after more than one year Capital and Reserves |
35,847 £ 38,847 £ |
|
| Net Assets | 41,107 £ 58,963 £ |
|
| Current Year Earnings | 17,856 -£ 61,856 £ |
|
| Revaluation of Fixed Assets | 40,000 £ 40,000 £ |
|
| Unrestricted Funds | 18,963 £ 42,893 -£ |
|
| Total Capital and Reserves | 41,107 £ 58,963 £ |
-
notes 1 motor vehicles depreciated at 20% of book value
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2 costumes and props not deprciated in 2022 as asset value has not changed
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3 unpaid invoices for 2022 sales as at 31/12/2022
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4 unpaid supplier bill as at 31/12/2022
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5 accrual for 2022 independent examination
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6 sales invoiced in 2022 for 2023 provision 7 balance of long term loan as at 31/12/2022
Page 5
The Globe Players
Registered company 06817967
Notes to the accounts
For the Year Ended 31[st] December 2022
Accounting Policies
The financial statements have been prepared in accordance with the Charities Act 1993, together with applicable accounting standards (FRS 102). The financial statements have been prepared under the historical cost convention. The financial statement includes all transactions, assets and liabilities for which the charity is responsible in law.
Funds
Unrestricted funds are general funds which can be used for the charity’s ordinary purposes.
Designated funds are funds set aside by the directors for a particular project. Funds so designated may be predesignated by the committee and so designation does not prevent funds being spent on any other purpose.
Restricted funds represent donations, fundraising and grants received for a specific object or invited by the charity for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.
Incoming Resources – Receipts
Turnover is measured at the fair value of the consideration received or receivable net of discounts and VAT. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad or doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Long term creditors include loans which are not due within a year of the date of the accounts, but which may be repaid over a period of several years by mutual agreement.
Depreciation of Fixed Assets
From 2022 motor vehicles are depreciated by the declining balance method (20% of book value each year). From 2022 costumes and props are no longer depreciated as the value of these assets is not decreasing.
Page 6
The Globe Players Registered company 06817967 Register charity 1131332
Detailed Income and Expenditure Accounts 01/01/2022 to 31/12/2022
this schedule does not form part of the statutory accounts
| Account | 2022 | 2021 | ||
|---|---|---|---|---|
| Turnover | ||||
| Donations and Legacies | £ | 4,905 |
£ | 74,140 |
| Sales | £ | 173,669 |
£ | 133,662 |
| Total Turnover | £ | 178,574 |
£ | 207,802 |
| Cost of Sales | ||||
| Cost of Sales | £ | 1,309 |
£ | 2,946 |
| Total Cost of Sales | £ | 1,309 |
£ | 2,946 |
| Gross Surplus | £ | 177,264 |
£ | 204,856 |
| Administrative Costs | ||||
| Advertising& Marketing | £ | 255 |
£ | 240 |
| Audit & Accountancyfees | £ | 1,882 |
£ | 1,082 |
| Bank Fees | £ | 624 |
£ | 545 |
| Computer Costs | £ | 182 |
£ | 396 |
| Corporation Tax | £ | 100 |
£ | - |
| Depreciation Charge | £ | 750 |
£ | 10,000 |
| Freelance Fees | £ | 159,792 |
£ | 112,482 |
| Insurance | £ | 4,738 |
£ | 8,447 |
| Interest Paid | £ | - |
-£ | 0 |
| Motor Vehicle Expenses | £ | - |
£ | 472 |
| Office and General Administrative Expenses | £ | 308 |
£ | 647 |
| Other Professional Services | £ | - |
£ | 24 |
| Printing, Postage and Stationery | £ | 23 |
£ | - |
| Rent or Lease of Buildings | £ | 500 |
£ | 4,072 |
| Subscriptions | £ | - |
£ | 27 |
| Telephone & Internet | £ | 706 |
£ | 718 |
| Travel and Accommodation - National | £ | 25,262 |
£ | 3,847 |
| Total Administrative Costs | £ | 195,120 |
£ | 143,000 |
| Net Surplus(deficit) | -£ | 17,856 |
£ | 61,856 |