Monmouth Music Theatre
2024 Accounts
Monmouth Music Theatre
(Registered Charity 1154731)
Annual Accounts
1 January 2024 - 31 December 2024
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Monmouth Music Theatre
2024 Accounts
Table of contents
Trustees Annual Report Independent Examiner’s Report Statement of Financial Activity Balance Sheet as at 31 December 2024 Production Account Notes to Accounts
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Monmouth Music Theatre
2024 Accounts
Trustees Annual Report
The Trustees present their report and annual accounts of the Charity for the year ended 31[st] December 2024.
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
The Society put on two full musical theatre productions during 2024. “My Fair Lady” in Spring and “The Mikado” in Autumn were both successful productions with large audiences and excellent reviews.
Fundraising showed reduced Easyfundraising income but there was a very successful quiz night.
Financial Review
The Charity incurred a net loss of £851 for the year ended 31[st] December 2024. In 2023 the net gain was £2,029.
The Spring 2025 production is to be “The Addams Family” and work is ongoing towards this production.
At the year end the Charity had unrestricted funds of £18,305 (the 2023 figure was £ 19,156). Any surplus assets are invested in interest bearing cash balances and the Trustees seek to maintain reserves adequate to finance the Charity’s activities.
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, adopted at the annual general meeting of 2020 replacing the previous constitution, and amended at the annual general meeting of 2024 as notified to the Charity Commission on 19[th] June 2024.
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, Newsletter Editor, and 3 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
2024 Accounts
Names of the Charity Trustees who manage the Charity
Stephen Brettle – Chair Dominique Walker – Vice-chair Elizabeth J Bryant – Secretary John C Godwin – Treasurer Lynda Foster Gay Rogers – Publicity secretary Diane Webb – Membership secretary Katie Ellis – retired 1/12/24 Keri Russell – Production secretary Meriwether Maturin – Newsletter editor Lyn Tanner – from 24/5/24 Judith Rossiter – from 24/5 24
Approved by the Monmouth Music Theatre Committee on 27[th] April 2025 and signed on their behalf by:
Signed
S Brettle, Chairman
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Monmouth Music Theatre
2024 Accounts
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Monmouth Music Theatre
2024 Accounts
Statement of Financial Activity
Notes
| Unrestricted funds | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Incoming from: | |||
| Society productions (page 7) | 22,265 | 23,889 | |
| Membership subscriptions | 3,355 | 3,515 | |
| Grants and donations |
2 | 426 | 453 |
| Fundraising |
3 | 1,182 | 1,339 |
| Bank interest | 214 | 111 | |
| Miscellaneous | 59 | --- | |
| Total Income | 27,501 | 29,308 | |
| Expenditure on: | |||
| Society productions (page7) | 22,057 | 19,624 | |
| Rehearsal expenses | 1,925 | 2,034 | |
| Accompanist and MD | 3,412 | 4,520 | |
| Honoraria | 100 | ….. | |
| Subscriptions and Licences | 230 | 460 | |
| Insurance | 523 | 417 | |
| Website | 69 | 81 | |
| Purchase of Sum-up machine | --- | 95 | |
| Sum-up interest | 3 | 12 | |
| Miscellaneous | 33 | 36 | |
| Total Expenditure | 28,352 | 27,279 | |
| Net Income (expenditure) | (851) | 2,029 | |
| Reconciliation of funds | |||
| Total funds brought forward | 19,156 | 17,127 | |
| Net income (expenditure) | (851) | 2,029 | |
| Total funds carried forward | 18,305 | 19,156 |
*The production account on page 8 forms an integral part of this statement
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Monmouth Music Theatre
2024 Accounts
Balance sheet as at 31 December 2024
| Notes | |||
|---|---|---|---|
| Unrestricted funds | 2024 | 2023 | |
| £ | £ | ||
| Current assets | |||
| Cash at bank and in hand | 14,311 | 18,868 | |
| Expenditure paid in advance | 4 | 4,264 | 558 |
| Total current assets | 18,575 | 19,426 | |
| Current liabilities | |||
| Accruals and deferred income | Accruals and deferred income5 | 270 | 270 |
| Total current liabilities | 270 | 270 | |
| Total net assets | 18,305 | 19,156 | |
| The funds of the charity | |||
| Unrestricted funds | 18,305 | 19,156 | |
| Total charity funds | 18,305 | 19,156 |
Approved by the Monmouth Music Theatre Committee on 29[th] April 2025 and signed on their behalf by:
==> picture [285 x 11] intentionally omitted <==
----- Start of picture text -----
Signed Signed
----- End of picture text -----
S Brettle
C Godwin
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Monmouth Music Theatre
2024 Accounts
Chairman
Treasurer
Production account
| MFLLady | Mikado | Total | Evita | Pirates | Total | |
|---|---|---|---|---|---|---|
| 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |
| £ | £ | £ | £ | £ | £ | |
| Income | ||||||
| Ticket sales | 12,282 | 7,119 | 19,401 | 12,154 | 9,046 | 21,200 |
| External adverts | 280 | 0 | 280 | 200 | 100 | 300 |
| Raffle/programs | 1,299 | 895 | 2,194 | 987 | 1,172 | 2,159 |
| Music scores | 300 | 30 | 330 | 230 | … | 230 |
| Costume deposits | 60 | --- | 60 | --- | -- | -- |
| Total income | 14,221 | 8,044 | 22,265 | 13,571 | 10,318 | 23,889 |
| Expenditure | ||||||
| Orchestra | 3,495 | 2,320 | 5815 | 4,010 | 2,625 | 6,635 |
| Royalties | 2,408 | 0 | 2408 | 2.334 | ---- | 2,334 |
| Venue Hire | 1,600 | 1,560 | 3160 | 1,500 | 1,250 | 2,750 |
| Venue expenses | 395 |
109 | 504 | ---- | --- | --- |
| Sound and light | 1,686 | 1,149 | 2835 | 1,375 | 668 | 2,043 |
| Costumes | 1,839 | 315 | 2154 | 1,080 | 450 | 1,530 |
| Props, scenery | 124 |
523 | 647 | 465 | 415 | 880 |
| Front of house | 452 |
255 | 707 | 452 | 248 | 700 |
| Adv/printing | 378 |
468 | 846 | 378 | 480 | 858 |
| Music scores | 1,645 | 128 | 1,773 | 1,038 | 90 | 1,128 |
| Gifts/donations | 226 |
137 | 363 | 184 | 211 | 395 |
| Prod.honoraria | 400 |
200 | 600 | ----- | 200 | 200 |
| Miscellaneous | 175 |
70 | 245 | 86 | 85 | 171 |
| Total Expenditure | 14,823 | 7,234 | 22,057 | 12,902 | 6,722 | 19,624 |
| Surplus/(Loss) | (602) | 810 | 208 | 669 | 3,596 | 4,265 |
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Monmouth Music Theatre
2024 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
| 2. Grants and Donations | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Waitrose/John Lewis | --- | 300 | |
| Haberdashers | --- | 100 | |
| Individual donations | 426 | 53 | |
| Total grants and donations | 426 | 453 | |
| 3. Fundraising | |||
| 2024 | 2023 | ||
| £ | £ | ||
| Gift aid | 609 | 734 | |
| Easy Fundraising | 52 | 250 | |
| Amazon Core | --- | 34 | |
| Coffee Morning | --- | 102 | |
| Quiz night | 461 | 219 | |
| Raffle | 60 | ----- | |
| Total fundraising | 1182 | 1339 | |
| 4. Expenditure paid in advance | |||
| 2024 | 2023 | ||
| £ | £ | ||
| MFL stationery | 58 | ||
| Addams family Licence | 3414 | MFL licence | 500 |
| Addams Family scenery | 850 | ||
| Total |
4264 | 558 |
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Monmouth Music Theatre
2024 Accounts
5. Accruals 2024 2023 £ £ Addams family music scores 70 MFL Score 270 Cheque not yet cashed 200 Total 270 270
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