## **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