The Knaresborough Players Ltd
Charity No. 1157597
Company No. 08674831
Trustees' Report and Unaudited Accounts
05 April 2024
The Knaresborough Players Ltd Contents
| Pages | ||
|---|---|---|
| Trustees' Annual Report | 2 | |
| Independent Examiner's Report | 3 | |
| Statement of Financial Activities | 4 | |
| Summary Income and Expenditure Account | 5 | |
| Balance Sheet | 6 | |
| Notes to the Accounts | 7 to | 12 |
| Detailed Statement of Financial Activities | 13 to | 14 |
Page 1
The Knaresborough Players Ltd Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 5 April 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 08674831
Charity No. 1157597
Principal Office
Frazer Theatre High Street Knaresborough HG5 0EQ
Registered Office
Frazer Theatre High Street Knaresborough HG5 0EQ
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
D.T. Crosthwaite I.J. Hagues J.M. Pearce S.L. Pearce
Accountants
Darnbrough and Co Ltd Knaresborough Tech Park Manse Lane Knaresborough HG5 8LF
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
I.J. Hagues Trustee 03 June 2024
Page 2
The Knaresborough Players Ltd Independent Examiners Report
Independent Examiner's Report to the trustees of The Knaresborough Players Ltd
I report to the charity trustees on my examination of the financial statements of The Knaresborough Players Ltd for the year ended 5 April 2024.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
John Darnbrough (Darnbrough and Co Ltd) Institute of Chartered Accountants in England and Wales
Darnbrough and Co Ltd Knaresborough Tech Park Manse Lane Knaresborough HG5 8LF 03 June 2024
Page 3
The Knaresborough Players Ltd Statement of Financial Activities
for the year ended 5 April 2024
| Notes Income and endowments from: Donations and legacies 4 Charitable activities 5 Other trading activities 6 Investments 7 Total Expenditure on: Raising funds 8 Charitable activities Other 9 Total Net gains on investments Net income 10 Transfers between funds Net income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2024 £ 2,599 42 81,696 2,348 |
Total funds 2024 £ 2,599 42 81,696 2,348 |
Total funds 2023 £ 2,557 - 75,686 568 |
|---|---|---|---|
| 86,685 44,960 - 35,592 |
86,685 44,960 - 35,592 |
78,811 37,285 90 28,180 |
|
| 80,552 - |
80,552 - |
65,555 - |
|
| 6,133 - |
6,133 - |
13,256 - |
|
| 6,133 | 6,133 | 13,256 | |
| 6,133 304,608 |
6,133 304,608 |
13,256 291,352 |
|
| 310,741 | 310,741 | 304,608 |
Page 4
The Knaresborough Players Ltd Summary Income and Expenditure Account for the year ended 5 April 2024
| Income Interest and investment income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year |
2024 £ 84,337 2,348 86,685 66,983 13,569 80,552 6,133 6,133 |
2023 £ 78,243 568 |
|---|---|---|
| 78,811 | ||
| 51,968 13,587 |
||
| 65,555 | ||
| 13,256 | ||
| 13,256 |
Page 5
The Knaresborough Players Ltd Balance Sheet
at 5 April 2024
| Company No. 08674831 Notes 2024 £ Fixed assets Tangible assets 12 236,573 236,573 Current assets Stocks 13 767 Debtors 14 3,375 Cash at bank and in hand 84,289 88,431 Creditors:Amount falling due within one year 15 (14,263) Net current assets 74,168 Total assets less current liabilities 310,741 Net assets excluding pension asset or liability 310,741 Total net assets 310,741 The funds of the charity Restricted funds 16 Unrestricted funds 16 General funds 310,741 310,741 Reserves 16 Total funds 310,741 |
2023 £ 244,731 |
|---|---|
| 244,731 839 8,139 63,320 |
|
| 72,298 (12,421) |
|
| 59,877 304,608 |
|
| 304,608 | |
| 304,608 | |
| 304,608 | |
| 304,608 | |
| 304,608 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 5 April 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 03 June 2024
And signed on its behalf by:
I.J. Hagues Trustee 03 June 2024
Page 6
The Knaresborough Players Ltd Notes to the Accounts
for the year ended 5 April 2024
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
-
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
-
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
-
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
-
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
-
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
-
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
The Knaresborough Players Ltd Notes to the Accounts
Expenditure
-
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
-
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
-
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
-
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
-
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
2%% straight line on Freehold property buildings Fixtures and fittings 20% straight line
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 8
The Knaresborough Players Ltd Notes to the Accounts
3 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Other trading activities Investments Total Expenditure on: Raising funds Charitable activities Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Donations Grant for Technical Equipment 5 Income from charitable activities Fund raising |
Unrestricted £ 1,559 1,040 2,599 Unrestricted £ 42 42 |
Unrestricted funds 2023 £ 2,557 75,686 568 78,811 37,285 90 28,180 65,555 13,256 13,256 13,256 291,352 304,608 Total 2024 £ 1,559 1,040 2,599 Total 2024 £ 42 42 |
Total funds 2023 £ 2,557 75,686 568 |
|---|---|---|---|
| 78,811 37,285 90 28,180 |
|||
| 65,555 | |||
| 13,256 | |||
| 13,256 | |||
| 13,256 291,352 |
|||
| 304,608 | |||
| Total 2023 £ 1,201 1,356 |
|||
| 2,557 | |||
| Total 2023 £ - |
|||
| - |
Page 9
The Knaresborough Players Ltd Notes to the Accounts
- 6 Income from other trading activities
| Event income Subscriptions Theatre Hire and Sundry Income 7 Income from investments Interest Received 8 Expenditure on raising funds Fundraising trading costs Event income 9 Other expenditure Licences Employee costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 10 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 11 Staff costs No employee received emoluments in excess of £60,000. |
Unrestricted £ 75,743 1,260 4,693 81,696 Unrestricted £ 2,348 2,348 Unrestricted £ 44,960 44,960 Unrestricted £ 956 144 15,667 13,569 4,638 618 35,592 2024 £ 13,569 |
Total 2024 £ 75,743 1,260 4,693 81,696 Total 2024 £ 2,348 2,348 Total 2024 £ 44,960 44,960 Total 2024 £ 956 144 15,667 13,569 4,638 618 35,592 |
Total 2023 £ 64,926 1,135 9,625 |
|---|---|---|---|
| 75,686 | |||
| Total 2023 £ 568 |
|||
| 568 | |||
| Total 2023 £ 37,285 |
|||
| 37,285 | |||
| Total 2023 £ 488 - 9,599 13,587 3,856 650 |
|||
| 28,180 | |||
| 2023 £ 13,587 |
Page 10
The Knaresborough Players Ltd Notes to the Accounts
12 Tangible fixed assets
| Cost or revaluation At 6 April 2023 Additions At 5 April 2024 Depreciation and impairment At 6 April 2023 Depreciation charge for the year At 5 April 2024 Net book values At 5 April 2024 At 5 April 2023 13 Stocks Raw materials and consumables Carrying value analysed by activities Event income 14 Debtors Trade debtors Prepayments and accrued income 15 Creditors: amounts falling due within one year Accruals Deferred income |
Land and buildings £ 228,400 - 228,400 29,250 4,500 33,750 194,650 199,150 2024 £ 767 767 2024 £ 767 767 2024 £ - 3,375 3,375 2024 £ 3,574 10,689 14,263 |
Fixtures and fittings £ 85,399 5,411 90,810 39,818 9,069 48,887 41,923 45,581 |
Total £ 313,799 5,411 |
|---|---|---|---|
| 319,210 | |||
| 69,068 13,569 |
|||
| 82,637 | |||
| 236,573 | |||
| 244,731 | |||
| 2023 £ 839 |
|||
| 839 | |||
| 2023 £ 839 |
|||
| 839 | |||
| 2023 £ 4,000 4,139 |
|||
| 8,139 | |||
| 2023 £ 4,967 7,454 |
|||
| 12,421 |
Page 11
The Knaresborough Players Ltd Notes to the Accounts
16 Movement in funds
| 16 Movement in funds | ||||
|---|---|---|---|---|
| Restricted funds: Unrestricted funds: General funds Total funds 17 Analysis of net assets between funds Fixed assets Net current assets 18 Related party disclosures Controlling party |
At 6 April 2023 304,608 304,608 |
Incoming resources (including other gains/losses ) £ 86,685 86,685 Unrestricted funds £ 236,573 88,432 325,005 |
Resources expended £ (80,552) (80,552) Restricted funds £ - (14,264) (14,264) |
At 5 April 2024 £ 310,741 |
| 310,741 | ||||
| Total £ 236,573 74,168 |
||||
| 310,741 | ||||
Page 12
The Knaresborough Players Ltd Detailed Statement of Financial Activities
for the year ended 5 April 2024
| Income and endowments from: Donations and legacies Donations Grant for Technical Equipment Charitable activities Fund raising Other trading activities Event income Subscriptions Theatre Hire and Sundry Income Investments Interest Received Total income and endowments Expenditure on: Costs of other trading activities Event income Total of expenditure on raising funds Charitable activities Grants made Total of expenditure on charitable activities Other expenditure Licences Employee costs Staff training Premises costs Rates Light, heat and power Premises cleaning |
Unrestricted funds 2024 £ 1,559 1,040 2,599 42 42 75,743 1,260 4,693 81,696 2,348 2,348 86,685 44,960 44,960 44,960 - - - 956 956 144 144 710 11,213 2,107 |
Total funds 2024 £ 1,559 1,040 2,599 42 42 75,743 1,260 4,693 81,696 2,348 2,348 86,685 44,960 44,960 44,960 - - - 956 956 144 144 710 11,213 2,107 |
Total funds 2023 £ 1,201 1,356 |
|---|---|---|---|
| 2,557 | |||
| - | |||
| - | |||
| 64,926 1,135 9,625 |
|||
| 75,686 | |||
| 568 | |||
| 568 | |||
| 78,811 37,285 |
|||
| 37,285 | |||
| 37,285 90 |
|||
| 90 | |||
| 90 488 |
|||
| 488 | |||
| - | |||
| - | |||
| 664 3,969 882 |
Page 13
The Knaresborough Players Ltd Detailed Statement of Financial Activities
| Premises repairs and maintenance General administrative costs, including depreciation and amortisation Depreciation of land and buildings Depreciation of Fixtures and fittings Equipment repairs and maintenance General insurances Information and publications Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Legal and professional costs Accountancy and bookkeeping Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
1,637 15,667 4,500 9,069 648 2,402 368 704 76 190 250 18,207 570 48 618 35,592 80,552 - 6,133 6,133 - 6,133 304,608 310,741 |
1,637 15,667 4,500 9,069 648 2,402 368 704 76 190 250 18,207 570 48 618 35,592 80,552 - 6,133 6,133 - 6,133 304,608 310,741 |
4,084 |
|---|---|---|---|
| 9,599 | |||
| 4,500 9,087 238 2,133 180 673 15 64 553 |
|||
| 17,443 | |||
| 602 48 |
|||
| 650 | |||
| 28,180 | |||
| 65,555 - |
|||
| 13,256 | |||
| 13,256 - |
|||
| 13,256 | |||
| 291,352 | |||
| 304,608 |
Page 14