BROMLEY LITTLE THEATRE LIMITED REPORT AND ACCOUNTS 31 DECEMBER 2024 CHARITY REG. NO. 1132561
BROMLEY LITTLE THEATRE LIMITED Report and Accounts for the Year Ended 31st December 2024 Ststus: Registered Charity 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 (Chair) Pauline Armour Richard Gissing Rebecca Davies Sophie Gissing Jess Jenner Alison Shomade Simon Tyrell-Lewis Colleen Bateson Trustee and Director Trustee and Director Trustee and Director Trustee and Director Trustee and Director Trustee and Director Trustee and Director Trustee and Director Trustee and Director Company Secretary: Richard Cornwell Treasurer: Colin Martin Bankers: Santander Bank Limited Customer Service Centre Bootle Merseyside GIR OAA
BROMLEY LITTLE THEATRE LIMITED Directors, and Trustees, Report for the year ended to 31 December 2024 Structure, Governance and Management Bromley Little Theatre was established in 1938 - it is a Registered Charity and a company limited by guarantee. It is governed by its, Memorandum and Articles of Association where the objectives are to promote, maintain, improve and advance 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 Association, but may stand for re-election at the next Annual General Meeting. The Board of Trustees has the power to co-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 of Association. 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 performances of dramatic art. It aims to provide opportunities for newly emerging actors, direc,tors and designers to demonstrate and develop their talents at an early stage in their career. Activities and Developments in the year The Charity has had a successful year noting that audien attendance. figures are returning to pre-covid and better levels. With the successful completion of the first phase of the re-development in mind, the Charity Trustees decided to embark on a fund-raising initiative for the next phase of works. The aim was to raise £85k by December 2024, recognising the 85 years the theatre has been in existence. In fact, just over £90k was raised, a tremendous achievement. In addition, the theatre had received funds from outside businesses amounting to approx £1 Ook. The Charity Trustees then decided to start planning for the next phase of the re-development aiming for a works start in Augustlseptember 2025. Future Developments The next phase of the theatres, re-development 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 theatre has received much appreciation from its members and the public that the next phase of works is going ahead in the near future.
Financial Review The Charity made a trading surplus of £92,267 compared to a surplus of £21,546 for 2023 - the considerable improvement due in no small part to the amazing fund-raising efforts of last year, effected by the Charities, volunteers and Trustees. The sale of seats rose by 16.5 % on the previous year reflecting both higher audience numbers and a rise in the number of non-member tickets sold. The Trustees consider that 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 theatre in a proper useable condition. Looking ahead, the Charity will need additional funds to carry out the remaining phases of the re-development. The impact of funding large re-development costs is uppermost in the Charity's mind, the success rate of its fundraising efforts will need careful management with costs as they occur. The Trustees acknowledge the leased nature of the financial regime under which the Charity operates and unless, at the lease expiry, circumstances 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 theatres, premises, to provide any improvements 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 fofeach financial year that give a true and fair view of the state affairs of the Charitable company and the results for that period. In preparing those financial statements the Trustees are required to: select suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue to 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 other irregularities. The Trustees confirm that the financial statements comply with current statutory requirements, the requirements of the Charitable company's governing documents and the requirements of the Charities, SORP. Richard Cornwell Charity Secretary
BROMLEY LirrLE THEATRE LIMITED Independent Accountant's Report We report on the accounts for Bromley Little Theatre Ltd, for the year ended 31 December 2024, which are set out on the pages S +0 8. Basis of Independent Accountanvs Report Our examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It. also includes consideration of any unusual items or disclosures in the accounts and seeking explanation from you as the directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts. Independent Accountant's Statement We confirm that. without performing an audit, the accounts are in agreement with the company's books and accounting records as presented to us. Derek Dobson & Co 10 Sturges Field Chislehurst Kent BR7 6LG Signed Dale 17-3-2025
BROMLEY urrLE THEATRE LIMITED BALANCE SHEET AS AT 31 DECEMBER 2024 Fixed Assets 2023 Flxtures. Fittings etc 8t Cost Additions during Year less tbpTecTatton 66.890 12,574 S9.5971 19.867 62,715 4.175 54,991 ) 11.899 Current Assets Naticu 8aI4ngs Ie[rt Account Santander Deit Account No I Sentander Deposit Account No 2 CCLA Fixed Inte51 Account Equals Money Account Débtots aftd Prep8yments Githnk Current Accnt VATOVMJ by HM Customs & Excise Currènt LÉabiltti8s 19,724 152,893 47.848 7.443 287 21.415 19.$28 51,027 42,283 65,442 20.132 3,900 9.472 2,534 } Creditors (due within ort8 yeaF) NÈt Current Assèts 12.5731 296.988 316.855 212.688 224.S98 Net knts Repre*n(ed by:" Accumulated SurFAus blf rrading SuFplus for Year 224.588 92.267 316.855 203.042 21,546 224,588 ccmpany is tItled to 6xemption from a111 Stir 477 ofltte C(xnpanies Act 2(xfftor year ended 31 Decembw 2024. The memrS h&e not rU[red the company to cbtsin aLrfrt ol its thnaneAaf statements tr thè ye8r èrKl8d 31 December 2024 in accordance with Se¢lion 476 ofthe C4)mpknies Act 2006. The direcloFS ack1¥edge thÈir resnSIbIlIÈIéS for (èl ensuring the company keeps COUntIr0 re¢ords which Comrly with 3tion 386 ofthe ci)mpanKes Act 2006 Ibl pwmring ffinancial statements which gNe a and fairiiav ofthe stat8 of8ff8irs Oft company as at the end of each financial year and of tis ptofft and Icss for each financial year in accordance with the requirernenls of section 396 and wluch othetwise comply wwith thé wuirernents ofthe Cornpanies Act 2006 relating to financial staternents. so tsr as Sp1¢able lo the company. These ffna 181 statements h8Ke been prepared in a¢cord8nee wb7th the sCIal thIS1On$ of Part 15 of the Compani&s Act 200fi atin9 to companies subje¢l to the sm3]I companies gIMe and wilh the Financial reporting Standard for Smallér Eriiities leffecti¥E A11 20081. nts appr by the bDOrd ofdirs¢toys aThS sId on its behalf BDJce Wallac Diwlor Date
BROMLEY LITTLE THEATRE LIMITED DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Income 2024 2023 Sale of Seats Interest Re¢ei¥ed Subscriptions Donation from Bar Miscellaneous Income Programme Sales 117,740 1,402 13.381 25,105 475 540 101,093 499 16,259 31,555 775 377 158.644 150,557 Expenditure Production Costs Rent. Rates, Insurance Building Maintenance, Cleaning Stage Maintenance Light and Heat Telephone Ad*rtising Printing, Postage, Stationery Web Sile Patronbase etc charges Audit Fee SLJndry Expenses Legal Fees Depreciation on Fixed assets 31,876 40,013 13,446 6,298 21,710 1,098 7,810 409 715 5,549 510 9,137 29,470 33,695 8,450 7,185 14.002 1,032 7,098 415 677 5,334 2,115 8,(K)O 3,756 4,606 143,176 121,712 Production surplus (excl fvnds raised and delopment costs) 15,467 28,845 Delopment costs Funds raised for deloPMent Nel delopment income 5,969 82,769 68,412 61,113 76.800 7,2991 Total surplusl{lossl 92,267 21,546
BROMLEY LirrLE THEATRE LIMITED NOTES TO THE ACCOUNTS for the year ended 31 December 2024 Accounting Policies The principal accounting policies are.. a) Basis of Accounting The accounts are prepared under the historical cost convention. b) Tangible Fixed Assets Depreciation is provided to write off the cost, less estimated residual value, of each fixed asset on a straight-line basis. The life of the capital items is averaged at seven years. c) Taxation The company as a registered Charrty No 1132561 is given exemption from corporation tax Fixed Assets The movement in the year was as follows.. 2024 2023 Additions Stage Equipment £12574 £4175 Depreciation (£4606} (£3756) Debtors and Prepayments Rent VAT Production Licences Fund raising £6875 (£2534) £12645 £1895 £6875 £9472 £13257 Total £18881 £29604
2024 2023 Creditors Amounts falling due within one year.. Accountant's Fee Building maintenance Light and heat Production costs £350 £1665 £7022 £3536 £325 £12573 £325 Profit and Loss Account Retained trading brought fomard Profit (loss) for the year £224588 £92267 £203042 £21546 Accumulated Trading Surplus £316855 £224588