BROMLEY LITTLE THEATRE LIMITED REPORT AND ACCOUNTS 31 DECEMBER 2023 CHARITY REG. NO. 1132561
BROMLEY LITTLE THEATRE LIMITED Report and Accounts for the Year Ended 31st December 2023 ststus: Registered Charily and a Company Limited by Guarantee Charity Registration no. 1132561 Company Registration no. 06118807 Registered Office: Bromley Little Theatre Limited North Street Kent BR1 1SB Board: Bruce Walla PaulineArmour Dave Amiour Richard Gissing Rebecca Davies Sophie Gissing Jess Jenner Chair Trustee and Director Trustee and Director Trustee and Director Trustee and Director Tiustee and Director Trustee and Director Trustee and Director Company Secretary: Richard Comwell Treasurer: Colin Martin Bankers: Santander Bank Limited Customer Service Centre Bootle Merseyside GIR OAA
BROMLEY LIThLE THEATRE LIMITED Directors, and Trustees, Report for the year ended to 31 December 2023 Structure, Governance and Management Bromley Little Theatre was established in 1938 - il is a Registered Charity and a company limited by guarantee. It is governed by its, Memorandum and Articles of Association wher8 the objectives are lo promote, maintain, improve and advan education in relation to all aspects of dramatic art and the encouragement of the Arts. The Trustees of the charity are also Directors of the company and are referred to as Trustees throughout this report. They are appointed for a 3year term, under the terms of the Articles of Associalion, but may stand for re-election al Ihe next Annual General Meeting. The Board of Trustees has the power to C¢>OPt new Trustees either to fill casual vacancies or as an addition to the existing Board but the total number of Board members shall not exceed the maximum allowed by the Articles ofAssociation. The Board of Trustees has the overall responsibility for the management of the Charity, there are no paid employees and the Charity operates with the help and assistance of many volunteers drawn from its membership. Principal Activities and Objectives The Charity's main activity is the promotion and presentation of public perforManS of dramatic art. It aims to provide opportunities for newly emerging actors, directors and designers to demonstrate and develop their talents at an early stage in their career. A¢tlvities and Developments In the year With the return of full house attendance, the Charity has had a successful year noting that audience attendancE figures are retuming to pre-covid levels. The Charity Trustees having decided to proceed with a phased re-development of the theatre. that was supported by the landlord, the theatre now has a rehearsal space that has been used by the theatre and outside charity entities lo good effect and appreciation. The Charity has had to do some 'fitting - out, to the adjacent areas of the new rehearsal space Ihat included a new kitchenette and toilet (from funds donated), in effect, dedicated to users of the rehearsal space. Future Developments Having completed the first phase of re-development, the Charity has been progressing the design of the next phase which is to be dedicated to the safe accessibility of the theatre for its, audiences, viz a new build theatre accessible staircase and a new access lift. The works involved will be demanding with the possibility of the theatre going 'dark' for a limited time. The Charity is very conscious that there exists a strong demand for funding by all charitable entities for their individual projects and the task of securing a successful funding application will not be easy. In parallèl with this task, the Charity will be looking at l assessing other funding initiatives that could be pursued. Financial Review The Charity made a trading surplus of £21,546 compared to a surplus of £12,686 for 2022 - a considerable improvemenl effected by the Charities, volunteers and Trustees. The sale of seats rose by 76 % over the previous year.
Despite the large decrease in its, funds due to the sole funding of the first phase, Ihe Trustees consider the reduced amount of available funds are adequate at the current time to maintain the financial viability of the charity and for improvements etc which may be considered necessary for the theatres, security and to maintain the Ihealre in a proper useable condition. The Charity will need additional funds to carry out the remaining phases of the re- development. The impad offunding large re-development costs is uppermost in the Charity's mind, Ihe success rate of its fundraising efforts will need Gareful management with costs as they occur. The Trustees acknowledge the leased nature of the financial regime under which the Charity operates and unless, al the lease expiry, cirCumstanS are very different to those anticipated by the Trustees, it is not expected at this moment that there will be any particular financial impact on the Charity's operations. Reserves Policy The Charity's policy on financial reserves is to ensure they are adequate to meet its obligations year-on under the current lease terms of the Iheatres, premises, to provide any irnprovements it may consider necessary and to hold sufficient contingency against risk of security of tenure as well as maintenance risk. Statement of Trustees, Responsibilities The Trustees are responsible for the preparation of financial statements for each financial year that give a true and fair view of the state affairs of the Charitable Gompany and the results for that period. In preparing those financial statements the Trustees are required to.. select suitable accounting policies and then apply them Gonsistently make judgements and estimates that are reasonable and prudent state whether applicable accounting standards and staternenls of recommended practice have been followed subject to any departures disclosed and explained in the financial statements ppare the financial statements on a going ¢oncern basis unless it is inappropriate to presume that the charitable company will continue lo operate The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charitable company They are also responsible for safeguarding the assets of the Charitable company and hence for taking reasonable steps for prevention and detection of fraud and olher irregularities. The Trustees confirm Ihal the financial statements comply with current statutory requirements, the requirements of the Charitable company's goveming documents and the requirements of the Charities, SORP. Richard Cornwell Charity Secretary
BROMLEY LrrrLE THEATRE LIMITED Independent Accountanvs Report We report on the accounts for Bromley Little Theatre Ltd. for the year ended 31 Dember 2023, which are set out on the pages S to 9. Basis of Independent Accountant's Report Our examination includ&s a VIeW of the a¢nting reLf)rds kept by the company and a comparison of the accounts presented with those records. It also includes ¢onsiderdtion of any unusual items or disdosures in the aC)unts and seeking explanation from you as the directors conceming any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit. and consequently we do not express an audit opinion on the view given by the acCnts. Independent Accountant's Statement We confim lha( WFthout perfonning an audit, the accounts are in agreement with the CoMpanS books and accounting records as presented to us. Derek Dobson & Co 10 Sturges Field Chislehurst Kent BR7 6LG
BROMLEY LirrLE THEATRE LIMITED BALANCE SHE AS AT 31 DECEMBER 2023 Fixed Fixluris. FitW ¢tc ai CL%t 62,715 4.175 1 54.9911 11.899 1.755 51.2341 11.481 fe¥s Depre¢iakn 19.528. 51,027 . 19.378 SantaNler Dep(11 AccoLUIt ND 1 DepL%it Acc¢th Nts 2 IntOSt Accwnt 37.(W6 62.1 65.442 . P1ynts VATthd by Custthys & Excl$8 Zl.1Y2 . 14.178 9.4r2 8.8TJ ¢wrRnt Llabilities Ctedtoys (due tiM (Th ye8rl Il•t Currentknts etA•ts 212.688 191,561 2(Q.IM2 Reprerted trr." 1w,Ir8 12.868 21.546 The comrwry18 errtffl&J torffj4kn frc•n S7 477 dthe cc•nw% Act tsthe 31 ember2023. Uemb8r2022 ¥cwtsrt8wilh Sertts) 476LfthèCunwrdS Acl 3)J6. lal the c¢xnwy keepa am011 rewTds tIch %%ith tbn 6 the Corn& Att 2 Ib} pr¥ finarod sl8lemwis thch fairofll state ofaffrs (IthE x)mwy a5 at oFits woftt and Itss tr&hfinatT lKoll¢0ith th? wiremerds ofs&tiM Xlh othu%Mse eomrly lIh the Of1 Act 2((6 lai to staternerts. $0 to th?tomp. Act 21r6 to Iho SM c¢%n&S jew K>ith ts Fiwci rerotirg $ld tf smalEntitS(effilApriI 2rM)8k Thesè lry the rAI&Clo and wBswl tts tehairty
BROMLEY LITTLE THEATRE LIMITED DETAILED PROF AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 In¢omtr 2025 2022 S6 ofseats terest Recelked SubscriptK tknnation 8ar 101.093 207 9,167 20,4QO 3,672 4.276 16.259 31.555 Miscellan kncomg P[09[1 Salts 715 150.557 95,957 Exp•nd1r• prodtI Cc¢ts Rent. R2te8, utding Maintenence. ae8nir¥J 29.470 33,695 31ry12 7,185 14,CW2 1466 7D29 ght and He TelephorE AdwtisiThJ Printing, PostagA Stati Web Site patrfflb• chrys Audit Fee Sundry Exwes Legal Fees Depreci&ion on assets 415 607 1115 3,7 121.712 P¥oJItm)n $wWu5 lexd TrlsJ tthdopmert costs Funds Tased k*d•dq)menl 88.412 61.113 23&132 26201 7,2991 { 2C¥J,1311 TrAai SL10£$81 21.546 1.263}
BROMLEY uLE THEATRE LIMITED NOTES TO THE Accoupirs for the year ended 31 December 2023 Accounting Polic$ Thè prtncipal accnting policies are: al Basis of Accounting The accounts are prepared under the hlstorical Gosl convenlton. b) Tangible Fixed Assets Depreciation is provided to write off the cosL less estimated r&%idual value. of eath fad asset on a straight4ine basis. The lrfe of the G3Pital items is averaged at seven years. cl Taxati( The company as a registered Chartty No 1132561 Is given exemptk)n from ¢oratiOn tax Fixed Assets The movemwtt in Ihe year was as ftifows: 2023 2022 Additions stage EqLtpment £4175 £1n5 Depreci*ion (£3756) 1£3B55> Debtots and Prepayments Rent VAT ProducEic LwiS £6875 £5500 £24303 £8678 £13257 Tolal £29604 , £38481
2023 Amounts falling due withfft one year. Accountanfs Fea Light & Heat Cleaniro Producb(m Costs £325 £325 2220 2227 £325 Retsined trading profft brought fmrd Profft (loss) for the year £203042 £21546 £11143 £12868 Accumulated Tradlng Surplus £224588 £203042