Monmouth Music Theatre
2023 Accounts
ACCOUNTS 2023
Monmouth Music Theatre (Registered Charity 1154731)
Annual Accounts
1 January 2023 - 31 December 2023
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Monmouth Music Theatre
2023 Accounts
Table of contents
Trustees Annual Report……………………………………….3 Independent Examiner’s Report…………………………..6 Statement of financial activity………………………………7 Balance sheet as at 31 December 2023……………….8 Production Account----------------------------------------9 Notes to accounts………………………………………………...10
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Monmouth Music Theatre
2023 Accounts
Trustees Annual Report
The Trustees present their report and annual accounts of the Charity for the year ended 31 December 2023.
Objectives and aims
Monmouth Music Theatre (MMT) objectives, as outlined in its constitution, are to educate the public in the dramatic and operatic arts, and to further the development of public appreciation and taste in the said arts.
The Society’s aim is to perform at least one musical theatre production each year with live musical accompaniment, costumes, scenery, sound and lighting.
Achievements
Government restrictions on social gatherings and other normal activities finally eased in 2023 allowing the resumption of normal Society activities.
“Evita” in spring was a great success, very well attended by large audiences and much acclaimed.
“The Pirates of Penzance” in Autumn was likewise a very successful production.
Fundraising was aided by a coffee morning and a quiz night, these events also succeeding in fostering the togetherness of the Society but also in involving the local community. Some members are also contributing via purchases from Amazon and other retailers, raising money via Amazon Core and Easy fundraising. These contributions help to keep membership fees to an affordable level.
Thus the Society was able to achieve its aims in 2023.
Financial review
The Charity achieved a net gain of £2,029 for the year ended 31 December 2023. In 2022 the net gain was £3,219.
The Spring 2024 production is to be “My Fair Lady”, and work has been going on from Autumn 2023 towards this production.
At the year end the Charity had unrestricted funds of £19,156 (the 2022 figure was £17,127).
Any surplus assets are invested in interest bearing cash balances and the Trustees seek to maintain reserves adequate to finance the Charity’s activities.
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Monmouth Music Theatre
2023 Accounts
Membership subscriptions
Full subscription is £100 for the year, members can opt to pay £60 if involved in only one show.
Structure, Governance and Management
Monmouth Music Theatre is a registered charity (Charity number 1154731). It is governed by its Constitution, which was adopted at the annual general meeting of 2020, replacing the previous constitution.
The Society is managed by a committee elected at the annual general meeting. It currently consists of a Chair, Vice Chair, Secretary, Treasurer, Production Secretary, Publicity Secretary, membership Secretary, and 5 members. The committee appoints the stage director, musical director, and accompanist for each show.
The Charity Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
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Monmouth Music Theatre
2023 Accounts
Names of the Charity Trustees who manage the Charity
Stephen Brettle - Chair Dominique Walker - Vice-Chair Jane Bryant - Secretary John C Godwin- Treasurer Lynda Foster Gay Rogers – Publicity secretary Diane Webb – Membership secretary Katie Ellis Keri Russell -- Production Secretary Meriwether Maturin –Newsletter editor (from July 2023) Emma Warmington-Gardner (to July 2023) M Lavinia Ionescu (to July 2023) Rebecca Townsend (to July 2023)
Approved by the Monmouth Music Theatre Committee on the 23[rd] April 2024 and signed on their behalf by:
Signed
S Brettle,
Chairman
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Monmouth Music Theatre
2023 Accounts
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Monmouth Music Theatre
2023 Accounts
Statement of Financial Activity
| notes | |||
|---|---|---|---|
| Unrestricted funds | 2023 | 2022 | |
| £ | £ | ||
| Incoming from: | |||
| Society productions (page 9) | 23,889 | 16,813 | |
| Membership subscriptions | 3,515 | 3,440 | |
| Grants and Donations | 2 | 453 | 910 |
| Fundraising | 3 | 1,339 | 479 |
| Bank interest | 111 | 5 | |
| Total income | 29,308 | 21,647 | |
| Expenditure on: | |||
| Society productions (page 9) | 19,624 |
15,035 | |
| Rehearsal expenses | 2,034 | 1,412 | |
| Accompanist and MD | 4,520 | 1,310 | |
| Honoraria | --- | 100 | |
| Subscriptions and Licences | 460 | 72 | |
| Insurance | 417 | 392 | |
| Website | 81 | 57 | |
| Purchase of Sum-up machine | 95 | --- | |
| Sum-up interest | 12 | --- | |
| Miscellaneous | 36 | 50 | |
| Total Expenditure | 27,279 | 18,428 | |
| Net Income (Expenditure) | 2,029 | 3,219 | |
| Reconciliation of funds | |||
| Total funds brought forward | 17,127 | 13,908 | |
| Net Income (expenditure) | 2,029 | 3.219 | |
| Total funds carried forward | 19,156 | 17,127 |
*The production account on page 9 forms an integral part of this statement
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Monmouth Music Theatre
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Balance sheet as at 31 December 2023
| notes | |||
|---|---|---|---|
| Unrestricted funds | 2023 | 2022 | |
| £ | £ | ||
| Current Assets | |||
| Cash at bank and in hand | 18,868 | 16,337 | |
| Expenditure paid in advance | 4 | 558 | 960 |
| Total current assets | 19,426 | 17,297 | |
| Current liabilities | |||
| Accruals and deferred income | 5 | 270 | 170 |
| Total net assets | 19,156 | 17,127 | |
| The funds of the Charity | |||
| Unrestricted funds | 19,156 | 17,127 | |
| Total charity funds | 19,156 | 17,127 |
Approved by the Monmouth Music Theatre Committee on 23 April 2024 and signed on their behalf by:
Signed
S Brettle Chairman
Signed C Godwin Treasurer
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Monmouth Music Theatre
2023 Accounts
Production Account
| Evita 2023 £ Income Ticket sales 12,154 External adverts 200 Raffle/Programs 987 Music scores 230 Charity Collection --- Cash Donation --- Total Income 13,571 Expenditure Orchestra 4,010 Royalties 2,334 Venue hire 1,500 Sound and light 1,375 Costumes 1,080 Props, scenery 465 Front of house 452 Adv/printing 378 Music scores 1,038 Ukraine Donations --- Gifts/donations 184 Prod. honoraria --- Miscellaneous 86 Total expenditure12,902 Surplus669 |
Pirates Total 2023 Sound of Music Sounds of USA Total 2022 2023 2022 2022 £ £ £ £ £ 9,046 21,200 14,241 640 14,881 100 300 --- --- --- 1,172 2,159 1,095 217 1,312 --- 230 120 --- 120 --- 407 --- 407 --- 93 --- 93 10,31823,889 15,956 857 16,813 2,625 6,635 3,600 --- 3,600 --- 2,334 3,086 --- 3.086 1,250 2,750 1,250 72 1,322 668 2,043 1,157 --- 1,157 450 1,530 2,375 --- 2,375 415 880 790 --- 790 248 700 448 --- 448 480 858 880 126 1,006 90 1,128 284 --- 284 --- --- 500 --- 500 211 395 --- 60 60 200 200 243 --- 243 85 171 164 --- 164 6,72219,624 14,777 258 15,035 3,5964,265 1,179 599 1,778 |
|---|---|
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Monmouth Music Theatre
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Notes to the accounts
1. Accounting policies
Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value. The accounts have been prepared in accordance with the Financial reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).
Membership subscriptions
Membership of the Society is subject to an annual membership fee.
2. Grants and donations
| Cuphosco StellarGlobal Ltd Individual donations Waitrose/John Lewis Haberdashers Total grants and donations 3. Fundraising Gift aid Easy fundraising Amazon core Coffee morning Christmas hamper Quiz night Total fundraising |
2023 2022 £ £ --- 200 --- 100 53 110 300 500 100 --- 453 910 734 --- 250 72 34 20 102 175 --- 212 219 --- 1339 479 |
|---|---|
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4. Expenditure paid in advance
| 4. Expenditure paid in advance | ||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Evita licence | --- | 960 |
| My Fair Lady licence | 500 | --- |
| My Fair Lady stationery | 58 | |
| Total expenditure paid in advance | 558 | 960 |
| 5. Accruals | ||
| My Fair Lady Music Scores | 270 | 170 |
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