.f)I'i-. Charity Reglstralbon No. 1170429 Company Reglstration No. 10232477 (England and Wales) FRINTON SUMMER THEATRE ANNUAI REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 tc accounts. tax. legal . financial planning 92 Station Road Clarton on Sea Essex C015 ISG ABUM9ZIC' tW0112023 COMPANIES HSE
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FRINTON SUMMER THEATRE CONTENTS Company information Trustees, report Independent examiner'5 report Statement of financial activities Balance sheet Notes to the financial staternents 9-13
FRINTON SUMMER TMEATRE LEGAL ANO ADMINIRATIVE INFORMATION Truslees J Armstrong C Brill H Cole J Dias P Dias A Ellis Rmèx IAppointed 17 October 20221 (Appointed 2 April 20221 K Waltham (Appointed 13 November 20221 Charlty number 1170429 Company number 10232477 Prlncipal addsS Oak Lodge 20 Second Avenue Frinton on Sea Essex C013 9EA Re8iStered office 92 Stition Road Clacton on Sea Essex COIS ISG Independent examiner TC Grovp 92 Station Road Clarton on Sea Essex C015 ISG
FRINTON SUMMER THEATRE TRUSTEES. REPORT (INCLVOING DIREcfoRS' REPORT) FOR THE YEAR ENDED30SEPTEMBER 2022 The trusiees psent their report and financial statements for the year ended 30 September 2022. The financial sLitements have been prepad in accordance with the acCn"n8 policies set out in note I to the thnancial statements and Comp with the ¢harrty's governing dtxument, the Companies Act 2006 and "Accounting and Reporring by Charitie5.' Statement of Recommended Practr"ce applicable to charitses pparIng Iheir accounts in a¢cordan¢e with the Financial Repo.nE Standard applicable in the UK and Republic of Ireland IFRS 1021" las amended for accounting period5 commencing from l January 20161 Objectlves and ècrlvldes To promote and advance performance arts, most particular the arts of theatre, opera and ballet including through the psentatIOn of a summer season of theatrical performance5 in Frinton on Sea. Frinton Summer Theatre runs a seven-week season in July and August. Its home is the McGrigor Hall (formerly the Wl Hall). It performs one play a week in repertory I'weekly Rep'l. It ts one of the few remaining theatres in the UK to undertaken Weekly Rep. Although week Rep is now a rarity in the theatrical world, FrintLn Summer Theatre enjoys a considerable reputation in the theatrical industry. It has been the Stang point for many well- known names in the Theatre including Julie Christie. Anthony Sher. Michael Denison, Jane Asher. Vanessa Redgrave, Owen Teale, Linda Bellingham and Neil Dudgeon. Achievements and performance Following a very challenging year when the theatre had to close due to the pandemi¢. Frinton Summer Theatre produced a slightly limited season in 2021 which. wrth support from the Government's Cukural Recovery Grant. saw a gradual return in audience numbers to approximately 49% of capacrty. (Against a pre-pandemic average of 80%). Our 2021 budget was in fact based on the possibility that we Mht only achieve 50% houses. In considering 2022, it was decided by the Board of Tmstees and the Producer. that we shoukl look to a season that would see a return to normalr<y. We budgeted for a return to normal capacity, underpinned by tFe fact that we had managed io retain approximately £45.000 from the initi.al Government Recovery Grant. We therefore planned a season of six Pfoductions in the McGrigor Hall and a return to our much-celebrated musical production in a tent on the Greensward. The productions we. Ladies in Lavender Ghosts of the Titanic A Bunch of Arnateurs Home I'm Darling McM)nlight and Magnolias David Copperfield And in the tent, we were lucky enough to be the onty theatre in the UK to be granted the rights to stage "Jesus Christ Superstar" for 2.5 weeks in the musicals s year. As the summer 2022 season approached. we became aware thai industry-wide, theatre audien$ were not returning in their usual numbers in the way that we had hoped. There was a certain level of anxiety as to whether we tould recoup costs albeit with a £45.1) cushion from the previous Government Grant. As v entered the season. it became clear that induStWide. there had been a 28% drop in expected audience figures.
FRINTON SUMMER THEATRE TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORTI (CONTINUED) FOR ThE YEAR ENDED 305EPTEMBER 2022 In the event, in Frinton. we ended up achieving approximatety 64% audience attendance in the McGrigor Hall (therefore only a 16% drop in expected audience attendance) and approximate 67% in the tent 113% dropl. Overall, Iherefore. Frinion Summer Theatre achieved aUdnCeS above the naDonal average. and we are very grateful to all those a¢tor5, technicians, operating crew. trustees and volunteers - who contributed to this suctess. The Season in the h311 had mixed audience attendance IA Bunch of Amateurs was the biggest seller. David Copperfield the least) but overall wa5 hailed a critical and creative success by audiences and production staff alike. Given the increased costs to stage the musical in the tent, the Trustees took the decision to ask 10 of our supporters to become 'Theatre Angels, and provide an investment of £5,000 each. unsecured in the production. The agreement was that the money would be refunded with a dividend of IO% if the production made a proht. The production broke even. so the dividend was not paid but all the Angels were offered their money back. In the event, a total of £16.0 was donated by Angels and will be used for the future of the theatre. Jesus Chrill Superstar was acclaimed Frinion-wide and beyond and received three five-5tar reviews in local and national press. Total 2022 season Costs were over £4,(xxI. In the McGri8or Hall we made an overall loss {mainly (kne to the duced audience artendancel and in the tent we broke even. Other running costs for the year contriixjted to Ihe overall operating loss. However. the ¢ombination of a temporary increased government R (Theatre Tax Credit). the reiained ffinancial cushion from the previous CRG Icultural Recovery Grant). donatr.ons from supporters of the theatre and successful concession sale5 have enabled us to produce a profit for the year. The cash at bank figure in the account5 15 decepb.ve if taken on its own. Once we have paid the ¢dItorS linvoices received after Balance Sheei datel, repaid £34,¢YXI to the Angels and received the tax ¢dIt. FST will be in a slightly improved position from when we started the 2022 season. However ongoing fundraising and rant applications will continue to be essenn.al to our survival. as tickei sales alone onty cover Ell% of total costs. For the first time ever. the Charity inirodu¢ed an Outreach Strategy whereby young people with Special Education Needs took part in drama workshops and young people attended a special producrion of Elephant in the Garden in the tent. This was funded in part by St James's Place Found3ts"on. Other lotal businesses stepped up to provide sponsorship and adverDsin8 for the season- an 3nyt of funding we plan to develop further. Finally. changes were made to the setup of the Board of Trustees which in turn have created greater diversf(v lin terms of age, educaD"onal background. geographic reach. religious heritsge. and experiencel- Angela G05tling rekn"red, and we welcomed Andrew Ellis. Karen Wamham and Helen Cole to strengthen the running of the theatre. Our Patron, Richard Wilson also retired. and we were delighted that Jane her agreed to take over the role. Trustees have produced a 5 and 10 year straiegy which builds on our outreach work this ytsr and our approach to developing young tslent by Continuing to give jobs to young peop strnight out of drama school and technical theatrical study. Flnan¢lal review The auounts for the year show a net surplus of £40,869. Reseryes ai the balance sheet date amounted to £164.879. All the SeNeS are unrestricted. Reserve5 are held to ensure the Charily has enough reserve funding in pla¢e to cover planned expenditure, takin8 account of known future revenue streams. There S a relatively small level of unre5trirted funding at the balance sheet date, but the intentiort is to build unrestricted reserves over the next 3 to 5 years li line with the charity's, oper3b.onal plans.
FRINTON SUMMER THEATRE TRUSTEES. REPORT IINCiUDING DIREcfoRS' REPORT) ICONTINUED) FOR THE YEAR ENDED 30SEPTEM8ER2022 Strurture* goveman¢e and mana8ement Frinton Summer Theatre is a registered charity INO. 11704291. The company was established with 501ely charitable objects and has operated within these since incorporatr.on so it is treated as a charity from inception. It obtained formal registraiion with the Charity Commission on 28 November 2016. The first trustees of the charity were appointed on incorporation. Subsequent irustees can be appointed by the trustees and the is no limit to the term of offi.ce. There must be a minimum of 3 irustees at any given time. The board is responsible for the strategic management of the charity and for seth.ng polKy. The day to day operational management is delegated to the Executr"ve Directors. All trustee5 8ive their time and e¥perti5e on a voluntsry basis and receive no remuneration or other benefits. The Trustees of the charity have referred to the guidance in the Charity Commission'$ general guidance on Publi¢ Benefi"t when reviewing rts aims and objethves and in plannin8 the Charity's future ath"vities. including its guidance 'Public benefit.. running a charity IPBS21. The trusiees, who are also the directors for the purpose of company law, and who Served during the year and up to the date of 5i8nature of the financial statements were= J Armstrong H Cole J Dias (Appointed 17 October 20221 P Dias A Elli5 A Gostling Rmax K Waltham (Appointed 2 April 20221 (Resigned 17 Ortober 20221 (Appointed 13 November 20221 The Irustee5' report was appro he BRard of Trustees. C Brlll Trustee Dated.. 111ILIL
FRINTON SUMMER THEATRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FRINTON SUMMER THEATRE I report to the trustees on my examinab.on of the financial statements of Frinton Summer Theatre trhe char.ityl for the year ended 30 September 2022. Responsibilities and basi5 of report A5 the trustees of the charity land also its directors for the purposes of company lawl you are responsible for the preparation of the financial sLitements in accordance with the requirements of the Companies Art 2(J)6 (the 2006 Act). Having satisfied myself that the financial statements of the charity a not required to be audited under Part 16 of the 2006 Act and a eligible for independent examination. I report in respect of my examination of the charily's tinancial statements carried ¢)ut under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charrty Commission under section 1451Sllbl of the 2011 Act. Independent examiner's statement Since the char-rt5 gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of , which is one of the Ited bodies. I have completed my examiftation. l ¢onfirm that no Matte have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the chartty as required by section 386 of the 2006 Act,. or the h'nancial statements do not accord with those records- or the fi'nancial statements do not comply with the accounting requirements of sertion 396 of the 2(K)6 Act other than any requirement that the accounts give a true and fair view which is not a matter considwed as part of an independent e¥amination,' or the linancial statements have not been prepared in accordance wtih the method5 and principles of the Statement ol Recommended Practice for accounting and repomn8 by charittes applicable to charits'es preparin8 their accounts in accordance with the Financial Reportin8 Stsndard applicable in the UK and Republi¢ of Ireland IFRS 1021. I have no concerns and have come across no other matters in connection with the examination to whrh attention should be drawn in this report in order to enable a proper understsnding of the financial statements to be reache Simon Garner FCA Independent Examiner TC Group 92 Station Road Clacton on Sea E55ex C015 ISG
FRINTON SUMMER THEATRE STATEMENT OF FINANCIAL AcfMTIES INCLUOING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED305EPTEMBER 2022 Unrestrlrted funds 2022 Total 2021 Notes Donations and legacies Charitable activities 62,559 3W.317 174,678 138,158 Totsl Income 362,876 312,836 ndlture on: Chantable activitres 416.179 213,312 Net lexpenditurellincome Iw the yearl Net loutgoing)lincomin8 resources 153,303} 99,524 Olher recognlsed zalns and losses Other gains or losses 94,046 17,192 Net mcNement In funds 40.743 116,716 Fund balances at l October 2021 124,010 7,294 Fund balances at 30 5eptsmber 202Z 164,753 124.010 The 5tstemeni of linancial artivities includes all gains and 1055e5 recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expend*ure account under the Companies Act 2(N)6.
FRINTON SUMMER THEATRE BALANCE SHEET AS AT305EpfEM8ER2022 2022 2021 P4otes Fixed assets Tangible asseis Current assets Debtors Cash at bank and in hand 14.967 14.340 io 99.190 136.563 44,144 78.289 235.753 122.433 Credltors: amount5 falling due within one year li 185.9671 112,7631 Net current assets 149,786 109,670 Totsl assels less current Ilabllltles 164,753 124.010 Income funds Unrestricted funds 164,753 124.010 164,753 124.010
FRINTON SUMMER 7HEATRE BALANCE SHEET (CONTINUED) ASAT30SEPTEMBER 2022 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year eDded 30 September 2022. The trustees acknowledge their responsibiliknes for ensuring that the charity keeps accountin8 CordS which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at ihe end of the financial year and of its incoming resources and application of resources. including its income and expendiiure. for the financial year in accordance with the QreMentS of se¢tions 394 and 395 and which otherwise Comp with ihe requirements of the Companies A¢t 26 reb*in8 to financial staiements, $0 far as applicable to the company. The member5 have not required the company to obtain an audit of its financial statements for the Year in question in accordance with section 47& These fi'nancial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. he financial statements were approved by the Trustees on .... ias Trustee Company Registration No. 10232477
FRINTON SUMMER TrIEATRE NOTES TO THE FINANaAL STATEMENTS FOR THE YEAR EAIDED 30 SEPTEMBER 2022 Accountin8 pollcles Charlty Inlormarfon Frlnton summer Theatre is a private company limited by guarantee incorporated in England and Wales. The registered address is 92 Statr"on Road, Clacton on Sea. Esse4 C015 ISG. 1.1 Accounting convention The financial statements have been prepared in accordance wtth ihe Companies Att 2(6 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applic3ble io charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iland IFRS 1021- las amended for accounting periods commencing from l January 20161. The charity is a Publc Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities apptying FRS 102 Update Bulletin I not to prepare a Ststement of Cash Flovts. The financial Statements are prepared in sterlin& which 15 the functional currency of the charity- Monetsry amounts in these financial statements are rounded to the nearest £. 1.2" Galng concem At the time of approving ihe financial staternents. the trustees have a ¥s¢¥ble expertotion that the chariiy has adequaie resources io continue in operational existence for the foreseeable future. Thus the trustees conrinue to adopi the going concern basis of accounting in preparin8 the linancial 51atements. 1.3 Charitable funds Unrestricted funds are available foi use at the discretiorb of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restrirted funds are subject to specific conditr.ons by donors as to how they may be used. The puryx)ses and uses of the restricted funds are set out ID the notes to the financial statements. 1.4 Incomln8 resources Income is recognised when the charity is legal entr.tled to rt after any performance conditions hwe been met, the amounts can be measured reliabty. and it is probable that income will be received. Cash donations are rKogni5ed on receipt. Other donation5 are recognised once the charity has been notified of the tlonarion, unless performance condtD"ons require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of co¥enant is rewnised at the time of the donation.
FRINTON SUMMER THEATRE NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR EAIDEO 30SEPTEM8ER 2022 Account6n8 polkles Icontinuedl 1.5 Tangible fixed assels Tangible fixed assets are initially measured at cost and 5ub5equently measured at cost or ValOn, net of depreciation and any impairment losses. Depre¢iation is recognised so as to write off the cost or valuation of assets their residual values over Iheir usetul lives on the foll¢)win8 bases-. Plant and equipment Computers 25% reducing balance 25% reducing balance The gain or loss arising on ihe disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the assei, and 15 reCOgned in net incomellexpendilurel for the year. 1.6 Cash and cash eqyivalents Cash and cash equivalents include cash in hand. deposits held at tall with bank5, Other short-term liquid investments Wlth original maturities of three months or less, and bank overdrafts. Bank overdraft5 are shown within borrowings in Current liabilities. CTilical accounting ertimate5 and judgernents In the application of the charity's accounting polbcies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily app3rerbt from other Sources. The estimates and associated assumptions are based on historical experience and other facto that are considered to be relevant. Actual results may differ from these estimates. The estimates arld undertying assumptions are reviewed on an ongoing basis. Revisions to accounting estirnates are reco8nised in the period in which the estimate is revised Whe the revision affects only that period. or in the period of the revision and future periods where the revision affects both current ènd future periods. During the year no estimates or assurnptions were required. Donad¢ns and teBacles Unrestrirted funds Total 2022 2021 Donations and gifts Government grants received 49.713 12,846 11.541 163,137 62,559 174,678 10-
FRINTON SUMMER THEATRE NOTES TO THE Fif4ANaAL STATEMENT5 ICONTINUEDI FOR THE YEAR ENDED 30SEPTEM8ER 2022 Don*lons and le8aciÈs Icontinuedl Grants receivable for core activlties Arts Council Grani Tendring District Council Grant 10,000 2,846 156,000 7.137 12,846 163,137 Charitable arttIeS Charitable Income Charitable Income 2022 2021 Box office income Ice creamlprogramme and book sales 260,285 40,032 110,422 27,736 300,317 138,158 Charitable activities Ctharitable Charltsble Expenditure Expendlture 2022 2021 Depreciation and impairment ArtiSkn"c programme 4.989 350,419 4.780 190,191 355.408 194,971 Share of supwrt costs (see note I 60,771 18,341 416,179 213,312 Support costs consist of £58.125 12021.. £15.8211 of O¥Erheads and É2,64612021: £2.5201 relating to an Independent Examination. 11
FRINTON SUMMER THEATRE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED30SEPTEMBER 2022 Trustees None of the trustees lor any persons connected with them) received any remuneration or benefits frcm the charity during the year. Employees There wefe no employees during the year. Other galns or Ios5e5 Unrestrlrted fvnds Total 202Z 2021 Theatre Tax Relief 94,046 117.1921 Tan8lble fixed assets Totsi equi1 Cost At l October 2021 Additions 18,897 5,618 3.281 22.178 5,618 At 30 September 2022 24,515 3,281 27,796 Depre¢lation and irnpairnient At l October 2021 Depreciation charged in the year 6,101 1,738 386 7,839 4,990 At 30 September 2022 10,705 2,124 12,829 Carrylng amount At 30 September 2022 13,810 1.157 14.967 At 30 September 2021 12.797 1.543 14,340 12-
FRINTON SUMMER THEATRE NOTES TO THE FINANCIAL STATEMENTS {coKnNUEDI FOR THE YEAR EAIDED30SEPTEMBER 2022 10 Debto 2022 2021 Amounts falling due within one year: Other debtors PpaymentS and accrued income 96,347 2,843 17,191 26.953 99.190 44,144 11 Credloors: amounts falling due within one year 2022 2021 Other creditors Accrua15 and deferred Income 34,0)0 51,967 12,763 85,967 12,763 12 Related party transactiims There were no transactions with related part*s during the year. 13-