# **The Globe Players**
# **Registered company 06817967 Registered charity 1131332**
# **Report and Accounts For the year ended 31[st] December 2023**
## **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 2023, 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
- 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
- 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:
- (1) Which gives me reasonable cause to believe that, in any material respect, the requirements
- to keep accounting records in accordance with section 130 of the Charities Act;
- to prepare financial statements, which accord with the accounting records and to comply with the requirements of the Act have not been met; or
- (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**22/02/2024**
**Signed**
**Page 2**
## **The Globe Players**
## **Registered company 06817967**
## **Directors’ Report**
The directors present their report and accounts for the year ended 31st December 2023.
## **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
Dr S P Kane
Miss P Ritchie Mrs S Butterfield Mrs K 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…………………………..2024
And signed on its behalf by
Name………………………………………………………………………
Signature…………………………………………………………………
**Page 3**
## **The Globe Players Registered company 06817967 Register charity 1131332**
## **Statement of Financial Activities 01/01/2023**
**to 31/12/2023**
||**2023**
**2022**|
|---|---|
|**Turnover**|**266,683**
**£**
**178,574**
**£**|
|**Cost of Sales**||
|Cost of Sales|2,901
£
1,309
£|
|**Gross Surplus(deficit)**|**263,782**
**£**
**177,265**
**£**|
|**Administrative Costs**|**255,776**
**£**
**195,120**
**£**|
|||
|**Net Surplus(deficit)**|**8,006**
**£**
**17,855**
**-£**|
|**movement in funds 2023**
unrestricted funds as at 31/12/2022
surplus (deficit) 2023
unrestricted funds as at 31/12/2023|41,107
£
8,006
£
**49,113**
**£**|
**Page 4**
## **The Globe Players Registered company 06817967 Register charity 1131332**
## **Report and Accounts For the year ended 31st December 2023 Balance Sheet**
## **Balance Sheet**
The Globe Players As at 31 December 2023
|||**31-Dec-23**
**notes**
**31-Dec-22**|
|---|---|---|
|**Fixed Assets**|||
||**Tangible Assets**||
||Motor Vehicles|12,500
£
1
5,000
£|
||Less Accumulated Depreciation on Motor Vehicles|2,000
-£|
||Props and Costumes|35,000
£
2
35,000
£|
||Less Accumulated Depreciation on Props and Costu|m
8,750
-£
8,750
-£|
||**Total Tangible Assets**|**38,750**
**£**
**29,250**
**£**|
|**Total Fixed Assets**
**Current Assets**||**38,750**
**£**
**29,250**
**£**|
||**Cash at bank and in hand**||
||Business Reserve Account|10,096
£
10,013
£|
||Current Account|55,478
£
10,547
£|
||VAT Account|10,519
£|
||**Total Cash at bank and in hand**|**76,093**
**£**
**20,560**
**£**|
||Accounts Receivable|52,392
£
3
52,248
£|
|**Total Current Assets**
**Creditors: amounts falling due within oneyear**||**128,485**
**£**
**72,808**
**£**|
||Accounts Payable|13,500
£
4
150
£|
||Accruals|3,461
£
5
450
£|
||Income in Advance|61,400
£
6
19,000
£|
||VAT|8,914
£
5,504
£|
|**Total Creditors: amounts falling due within one year**
**Creditors: amounts falling due after more than oneyear**||**87,275**
**£**
**25,104**
**£**|
||**Net Current Assets(Liabilities)**|**41,210**
**£**
**47,704**
**£**|
||||
||**Total Assets less Current Liabilities**|**79,960**
**£**
**76,954**
**£**|
||||
||Loan|30,847
£
7
35,847
£|
|**Total Creditors: amounts falling due after more than one year**
**Capital and Reserves**||**30,847**
**£**
**35,847**
**£**|
||**Net Assets**|**49,113**
**£**
**41,107**
**£**|
||||
||Current Year Earnings|8,006
£
17,856
-£|
||Revaluation of Fixed Assets|40,000
£
40,000
£|
||Unrestricted Funds|1,107
£
18,963
£|
|**Total Capital and Reserves**||**49,113**
**£**
**41,107**
**£**|
**notes**
1 new van purchased December 2023, to be depreciated from 2024
- 2 no further depreciation of props and costumes in 2023 as value is fixed
- 3 unpaid invoices as at 31/12/2023
- 4 unpaid supplier bill as at 31/12/2023
- 5 accruals for freelance fees, travel and accommodation and accountancy fees
- 6 sales invoiced in 2023 for 2024 provision 7 balance of long term loan as at 31/12/2023
**Page 5**
## **The Globe Players**
## **Registered company 06817967**
## **Notes to the accounts**
## **For the Year Ended 31[st] December 2023**
## **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 sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
**Page 6**
## **The Globe Players Registered company 06817967 Register charity 1131332**
## **Detailed Income and Expenditure Accounts 01/01/2023 to 31/12/2023**
_this schedule does not form part of the statutory accounts_
|**Account**||**2023**||**2022**|
|---|---|---|---|---|
|**Turnover**|||||
|Donations and Legacies|£|65
|£|4,905
|
|Sales|£|248,490
|£|173,656
|
|Interest Income|£|158
|£|14
|
|Theatre Tax Relief|£|17,971
|£|-
|
|**Total Turnover**|**£**|**266,683**
|**£**|**178,574**
|
|**Cost of Sales**|||||
|Cost of Sales|£|2,901
|£|1,309
|
|**Total Cost of Sales**|**£**|**2,901**
|**£**|**1,309**
|
|**Gross Surplus**|**£**|**263,782**
|**£**|**177,264**
|
|**Administrative Costs**|||||
|Advertising& Marketing|£|447
|£|255
|
|Audit & Accountancyfees|£|3,748
|£|1,882
|
|Bank Fees|£|729
|£|624
|
|Computer Costs|£|-
|£|182
|
|Corporation Tax|£|-
|£|100
|
|Depreciation Charge|£|3,000
|£|750
|
|Freelance Fees|£|207,337
|£|159,792
|
|Insurance|£|5,584
|£|4,738
|
|Interest Paid|-£|8
|£|-
|
|Motor Vehicle Expenses|£|119
|£|-
|
|Office and General Administrative Expenses|£|13
|£|308
|
|Other Professional Services|£|545
|£|-
|
|Printing,Postage and Stationery|£|71
|£|22
|
|Rent or Lease of Buildings|£|-
|£|500
|
|Telephone & Internet|£|804
|£|706
|
|Travel and Accommodation - National|£|33,388
|£|25,262
|
|**Total Administrative Costs**|**£**|**255,777**
|**£**|**195,120**
|
|**Net Surplus(deficit)**|**£**|**8,006**
|**-£**|**17,855**
|