Registered number. 07839632 Registered charity number: 1145393 BINGLEY LITTLE THEATRE REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 TaxAssist Accountants 30 North Street Keighley West Yorkshire BD213SE
Bingley Little Theatre Contonts of the Flnanclal Statements For Tho Yoar Ended 31 August 2024 Content8 Page Company Information Report of the Trustees Accountant's Report Statement of Financial Activities Balance Sheet 6-7 Notes to the Financial Statemenls 11 The following pages do not form part of the statutory accounts., Detailed Income and Expendilure Account
Bingloy Little Theatre Company Information For The Year Endod 31 August 2024 Company Number 07839632 Busln88s Bingley Little Theatre Main Street Bingley West Yorkshire BD16 2LZ Accountants TaxAssist Accountants 30 North Street KehleY West Yorkshire 8D21 3SE Page I
Bingloy Little Theatre Company No. 07839632 Report of the Trustees For tha Year Ended 31 August 2024 The trusteesldirectors presents his report and the financial statements for the year ended 31 August 2024. OBJECTIVES Our aim is to entertain and educate Ihe public in the arts arKI to encourage thought and refftection through exposure to drama and a wide range of other art fomis. This is underpinned by six oty'ectives 1. Successful leadership and administration of the Arts Centre 2. Ensuring a balanced arts programme across every season. induding 'in-house' (BLT) productions 3. Valuing and promoting diversity in all aspects of our work 4. Promoting communty cohesion through a range of roles for volunteers and members, evenls 5. Developing self-confidence, selfosteem and Gitizenship skills of children and young people, particularly those from disadvantaged backgrounds 6. Providing a hub for local communty services These objectives are promoted, monitored and evaluated through the following actttle$. ACTIVITIES Deployment of a professional leader at the Arts Centre, supported by specffic ancillary staff Providing infomiation, training and support for volunteers across all departments involved In running the Arts Centre and developing 'in-house' productions Staging 'in-house' (BLT) productions in the main audrtorium and The Theatre Upstairs Promoting membership of the soclety across all sections of the communlty Providing social events that regulaty bring members and volunteers together Sustsining a varied programme of incoming events to the Arts Centre and seeking out new events that promote our objectives and that are financially viable Delivering a programme of Theatre*in-Education (TIE) induding Iraining across performing arts to chlldren and young people Mentoring and coxhing young people wrth special rlS andlor disabililles in aspects of runnlng the Art8 Centre and developing 'in-house' productions Working in partnership with local communty groups and services Securing external funding wherever possible to sustain the building, the Arts offer arKI olher services PUBLIC BENEFIT The charitable activlties for the period are in accordance with the Charity Commissions, guidance on public benefit. ACHIEVEMENT AND PERFORMANCE Charltable Actlvltles Throughout 2024. Bingley Little Theatre has managed the running of the Bingley Arts Centre. accommodating productions of a wide variety of concerts, dance shows, gigs. talks etc. both by professionals and amateur companies. In addition. the theat has staged plays and several other studio theatre productions. FINANCIAL REVIEW Financlal P081tlon The charity received donations during the year of £990. The bank balance continues to be healthy maintaining over £218.000 in the banks. which is well in excess of the £60.000 deemed safe minimum to be held in reserve. Re8erv•s pollcy To retain In cash untll further notlce a minimum amount of £60,000 STRUCTURE, GOVERNANCE AND MANAGEPAENT Governlng document: The charitable company was established under a memorandum of associalion which eslablished tts objects and powers. It is governed under its articles of association. Page 2
Blngley Littla Theatre Company No. 07839632 Report of the Trustees For the Year End•d 31 August 2024 (continuod) REFERENCES AND ADMINISTRATIVE DETAILS Bingley Little Theatre is a company limited by guarantee, number 07839632 and is a reglstered charity, number 1145393. The directors who served during the year were: John Eaton - resigned 3rd May 2024 Richard Thompson Anne Lakin Bernice Wilson Jan Darnbrough - resigned 3rd May 2024 David Kirk David Elliot Ronald Hardy - appointed 3 May 2024 REFERENCE AND ADMINISTRATIVE DETAILS The secretary who acted during the year was: Ann Lakin Registered office and principal office: Bingley Llttle Theatre Main Street Bingley West Yorkshire BD16 2HX Thls report ha8 been prepared In accordance wlth the 8pecial provisions of Part 15 of the Companies Act 2006 relatlng to small companies. Approved by order of the board of trustees on Bernice Wilson Date
Blngley Llttl• Theatre Accountant's Report For The Year Ended 31 August 2024 In order to assist you to fulfil your duties undef the Companies Act 2006. we have prepared for your approval the financial statements of Bingley Ltttle Theatre for the year ended 31 St August 2024 which comprise the Income and Expenditure Accounc the Balance Sheet. and the related notes from the cornpany's accounting records and from information and explanations you have given us. As a practising member firm of the Chartered Inslitute of Management Accountants. we are subjecl to tts ethical and other professional reqU1MentS which are detailed at httP.'Ilwww.cimaglobal.com. This report is made solely to the directors of Bingley Little Theatre in accordance wtth our temis of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bingley Little Theatre and state those matters that we have agreed to state to the directors of Bingley Little Theatre in this report in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at ht¢)..lA.C1rn8gIobal.C0rn. To the fullest extent pemitted by law. we do not acw)t or assume responsibility to anyone other than Ihe company and ils director for our work or for this pOrt. It is your duty to erUre that Bingley Little Theatre has kept adequate accounting records and to prepare statutory financial ststements that give a true and fair view of the assets. liabilities. financial position and profit of Bingley Little Theatre. You consider that Bingley Little Theatre is exempt from the statutory audit requirement for the year. We have not been instructed lo carry out an audit or a review of the financial statements of Bingley Little Theatre. For this reason, we have not verfied the accuracy or completeness of the accounting records or infomiation and explanations you have given to us and we do not. therefore. express any opinion on the statutory financial ststements. Dale TaxAssist Accountants 30 North Street Keighley West Yorkshire BD213SE Page 4
Blngley Little Th•atrn Statement of Flnancial Actlvlt588 For The Year Ended 31 August 2024 31 August 2024 Unrestrfcted fund 31 August 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charftable actlvltle8 3.907 9,002 Incoming Resources from Charitable Activrties Investment income 279,540 4.111 261,801 1,696 3,200 275,695 Other income Total 287.558 EXPENDITURE ON Charftable actlvltl 355,266 258.066 NET INCOPIIEI(EXPENOITURE) RECONCILIATION OF FUNDS (67,708) 17,629 Total fund8 brought forward TOTAL FUNDS CARRIED FORWARD 405,617 387.988 337,909 405,617 The notes on pages 8 to 10 fomi part of these financial statements. Page 5
Bingley Little Theatre Balance Sheet As at 31 August 2024 31 August 2024 Unrestrlcted fund 31 August 2023 Total funds Notes FIXED ASSETS Tangible Assets 91.202 120,898 91,202 120,898 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 2,572 82,931 219,380 2,572 12,302 307,794 304,883 322,668 Crodltor8: Amount8 Falllng Due Wlthln Ono Year (68.176> 137,949) NET CURRENT ASSETS ILIABILITIES) 246,707 284,719 TOTAL ASSETS LESS CURRENT LIABILITIES 337,909 405,617 NET ASSETS 337.909 405,617 Unrestrlcted funds 337,909 405,617 TOTAL FUNDS 337,909 405,617 Page 6
Blngl•y Llttle Theatre Balance Sheet (contlnued) Ag at 31 August 2024 For the period ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Dlrectorfs responslbllltles The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirement8 of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance wlth the provislons applicable to companies subject to the small companles, regime. On behalf of the board of trustees Bernice Wllson Date The notes on pages 8 to 10 fomi part of these financial statements. Page 7
Bingloy Littlo Theatre Notes to the Flnanclal Statements For The Year Ended 31 August 2024 1. Accountlng Policies 1.1 Basls of Preparation of Flnan¢ial Statements The financial statements of the charitsble Company. which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. 1.2 Income All income 15 recognised in the Slatement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Exponditure Liabilities are recognised as expenditure as Ssjon as there ts a legal or construcb've obligation committing Ihe charty to that expenditure. it is probable that a transfer of economic benefit will be required in settlement and the amount of the obligation can be measured reliably. Expendtture is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to a particular heading, they have been allocated to activities on a basis conststent with the use of resources. 1.4 Tanglble Flxed Assets and Depreclatlon Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value. over their expected useful lives on the following bases: Improvements to property Straight line over 5 years {previously 5% on reducing balance} Plant and machinery Straight line over 3 years (previously 20% on reducing balance) Fixiures and fittings Straight line over 3 years (previously 20% on reducing balance) 1.5 Stock8 and Work In Progress Stocks and work in progress are valued at the lower of cost and nel realisable value after making due allowance for obsolete and slow-moving stocks. Taxatlon The charity ts exempt from corporation tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charttable obiectlves at the discretk)n of the trustees. Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arlse when specified by the donor of when funds are raised for restricted purposes. Further explaining of the nature and purpose of each fund is included in the notes to the financial statements. 2. Average Number of Employeos Average number of employees. including directors, during the year was 2 (2023: 2} Page 8
Blngley Llttle Theatrn Notes to tho Financial Statement8 (continued) For The Year Ended 31 Au ust 2024 3. Tangible Assets Leasehold Plant & Improvements Machinery Flxtures & Fittings Totsl Cost As at 1 September 2023 As at 31 August 2024 143.079 246,042 23,109 412,230 143.079 246.042 23,109 412.230 Depreciation As at 1 September 2023 Provided during the period 63,394 15.946 207,338 12,913 20,600 837 291,332 29,696 As at 31 August 2024 79,340 220,251 21,437 321.028 Not Book Value As at 31 August 2024 As at 1 September 2023 4. Stocks 63,739 25,791 1,672 91,202 79,685 38,704 2,509 120,898 31 August 2024 31 August 2023 Stock - finished goods 2,572 2.572 2,572 2,572 5. Debtors 31 August 2024 31 August 2023 Due wlthln one year Prepayments and accrued income Other debtors Trade debtors 81,341 150 1,440 12.152 150 82.931 12,302 Page 9
Blngley Llttle Theatra Notes to the Flnanclal Statements (contlnued) For The Year Ended 31 Au ust 2024 6. Credltors: Amounts Falling Due Wlthln Ono Year 31 August 2024 31 August 2023 Other taxes and social security Trade Creditors Accruals and deferred income 931 1,476 55,769 747 3,757 33,445 58,176 37,949 7. Trustees, romuneratlon and beneflt8 There were no trustees, remuneration or other benefits for the period ended 311t August 2024 nor for the year ended 31 August 2023. Tru8te08' expen8as There were no twstees, expenses paid for the period ended 3111 Augusl 2024 nor for the year ended 31* August 2023. 8. Staff The average monthly number of employees during the year w88 a8 follow8: 31 August 2024 31 August 2023 Cleaner Theatre manager No employees received emoluments in exce88 of £60,000 Page 10
Blngley Llttle Theatre Notes to the Financial Statements (contlnued) For The Yoar Ended 31 August 2024 Net At 01.09.23 movement in At 31.08.24 funds 9. MOVEMENT IN FUNDS Unrestrfcted funds General fund 405,617 {67.708) 337,909 TOTAL FUNDS 405.617 (67,708) 405,617 Net movement in funds, Included in the above are as follows: Incom5ng resources Resources expended PAovomant In funds Unrnstricted funds General fund TOTAL FUNDS 285,256 285.256 (352.964) 1352,964> (67,708) (67.708) Comparatives for movement In funds Net At 01.09.22 movement in At 31.08.23 funds Unrestricted funds General fund TOTAL FUNDS 387,988 387,988 17,629 17,629 405,617 405,617 Comparative net movement in funds. included in the above are as follows: Incomlng resources Resources expended Movement In funds Unrestrlcted funds General funds 275.695 (258.066) (258,066) 17,629 17,629 TOTAL FUNDS 275,695 A current year and prior year comblned position is as follows: Net At 01.09.22 movement in At 31.08.24 funds Unrestrlcted fund8 General fund TOTAL FUNDS 387,988 387,988 (50.079) 50,079 337,909 337,909 A current year and prior year combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund TOTAL FUNDS 560.951 560.951 (611.030) (611,030) (50.079) 150.079) Page 11
Blngley Llttle Theatre Detailed Income and Expenditure Account For The Year Endad 31 August 2024 31 August 2024 31 August 2023 INCOME AND ENDOWMENTS Donatlons and legacies Donations Subscription income Gift aid 990 2,917 1,273 2.250 5,479 9,002 3.907 Charltable actlvltles Hospitality (Bar income, Tealcoffee & Kiosk) Theatre income Studio events Social events Kaleidoscope income Booking office charges Outreach & diversity Community cinerna sales 79.651 164.714 2,044 116 19,256 2,197 2.397 4.609 274.984 71,915 140,361 1.339 1,598 22,625 2,307 4,542 12,620 257,307 Investment Income Bank Interest 4,111 1,696 Other Income Grants and subsidies ceiVed Advertising and sponsorship 3,200 4,490 4.556 287,558 275,695 EXPENDITURE Charltable actlvltl•s Hospitality (Bar expenditure, Tealcoffee & Kiosk) Theatre expenditure Kaleidoscope costs Outreach & Diversity Costs Wages and salaries Rates Light and heat Cleaning Computer software. consumables and maintenance Repairs, renewalg and maintenance 40.662 87,727 18,831 3,862 28,841 5.149 28,165 25,439 61.014 25,212 23,094 3,268 19,210 18,936 4.085 21.369 37,367 ..CONTINUED Page 12
Blngley Llttle Theatre Detslled Income and Expendlture Account (continuod) For The Year Ended 31 August 2024 Insurance Printing, postage and stationery Advertising and marketing costs Telecommunications and daia costs Accountancy fees Professional fees Subscriptions Bank charges Depreciation of plant and machinery Depreciation of fixtures and fittings Depreciation of leasehold improvements Sundry expenses 10.406 2.977 19,604 2,888 2,890 450 62 3,510 12,913 837 15,946 676 7,535 1,890 8,589 2,203 2.388 476 316 3,834 11,501 877 4.215 1,211 (365.266) (258.066) OPERATING SURPLUSI(DEFICIT ) {67,708) 17,629 SURPLUSI(DEFICIT) FOR THE FINANCIAL PERIOD (67.708) 17,629 Page 13
Blngloy Llttle Theatre Company No. 07839632 Roport of th• Trust••s For the Year Ended 31 August 2024 (contlnued) REFERENCES AND ADMINISTRATIVE DETAILS Bingley Little Theatre is a company limited by guarantee, number 07839632 and is a registered charity, number 1145393. The directors who serded during the year were: John Eaton - resigned 3rd May 2024 Richard Thompson Anne Lakin Bernice Wilson Jan Darnbrough - resigned 3rd May 2024 David Kirk David Elliot Ronald Hardy - appointed 3rd May 2024 REFERENCE AND ADMINISTRATIVE DETAILS The secretary who acted during the year was: Ann Lakln RegiSted office and principal offi. Bingley Little Theatre Main Street 8ingley West Yorkshire BD16 2HX This report has been prepared in accordan with the special provisions of Part 15 of the Companies Act 2006 relating lo small companies. Approved by order of the board of trustees on Berni Wilson Dale
Bingley Llttle Theatre Statement of Flnancial Actlvltles For The Year Ended 31 August 2024 31 August 2024 Unrnstrlcted fund 31 August 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charttable activities 3,907 9,002 Incoming Resources from Charitable Activities Investment income 279,540 4,111 261,801 1,696 3.200 Other income Total 287.558 275,695 EXPENDITURE ON Charftabla aetivities 355.266 258.066 NET INCOMEI(EXPENDITURE) RECONCIUATION OF FUNDS 167,708> 17,629 Total funds brought forlvard TOTAL FUNDS CARRIED FORWARD 405,617 387.988 337,909 405.617 The noles on pages 8 to 10 form part of these financial statements. Page 5