Monmouth Music Theatre 2023 Accounts -------------------------------------------------------------------------------------------------------------------------------------- ## ACCOUNTS 2023 Monmouth Music Theatre (Registered Charity 1154731) Annual Accounts 1 January 2023 - 31 December 2023 1 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 2 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. 3 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. 4 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** 5 Monmouth Music Theatre 2023 Accounts -------------------------------------------------------------------------------------------------------------------------------------- 6 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** 7 Monmouth Music Theatre 2023 Accounts -------------------------------------------------------------------------------------------------------------------------------------- ## **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 8 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**| |---|---| 9 Monmouth Music Theatre 2023 Accounts -------------------------------------------------------------------------------------------------------------------------------------- ## **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**| |---|---| 10 Monmouth Music Theatre 2023 Accounts -------------------------------------------------------------------------------------------------------------------------------------- ## **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**| 11