Treasurers Report 2024 AGM
I attach the provisional unaudited accounts for the year ended 31[st] December 2023. I only received details of the valuation of the CCLA investments and the final deposit interest on the CCLA deposit account last Saturday and so the accounts were only delivered to Tony Chilvers for auditing last Sunday.
We have made a modest trading loss of £575 after removing deposit account interest and dividends from our stated income. The actual figure is a little larger despite the fact that The Watermark overpaid us £360 box office receipts in respect of Yes Prime Minister in December in 2022 and these were repaid in January 2023, because the NODA insurance for 2023 was paid in December 2022.
It should also be noted that royalties in respect of Low Pay Don’t Pay were paid in 2023, but the effect of this is cancelled out by the fact that royalties for Accidental Death of an Anarchist, our first production of 2023 were paid in 2022.
The value of our investments rose by £3,126, giving a total profit of £3,826. Including dividends, the return on our investments was gratifyingly over 12%. This was crucial to our making a profit In 2023.
Productons
There were three productions. I attach the record for each production. In respect of Much Ado About Nothing, I have yet to be billed for the transport costs. Satisfyingly all 3 productions made a profit, although not necessarily enough to cover a third share of central overheads.
Expenditure
The overall expenditure in 2023 at £20,458, a substantial increase on the expenditure of £14,737 in 2022. Maintenance costs at Manor Gardens appear to have fallen by £573 mainly due to an illusory drop in the cost of insurance. The figure for insurance costs actually increased, but because we paid for the Noda insurance in 2022 the accounts for 2023 don’t reflect this. Production costs rose from £9,772 in 2022 to £15,703 in 2023, mainly because the Drum greatly increased our theatre hire charges, despite a nearly 25% reduction in seating capacity and the royalties paid were higher. Other costs rose a little, with the cost of social events being the main increase. However, income from social events largely nullified the net cost of social events.
Income
Income at £21,158 was broadly the same as our 2022 income of £21,191. Box office receipts fell by about £1,000 cancelling out a rise in most other sources of income.
Financial positon.
This remains fairly stable. There is a possibility that we may be able to secure more letting income on Manor Gardens next year and this would certainly counter the increasing difficulty in realising profits from our productions.. Our major financial threat continues to be the incurring of a major expense in connection with Manor Gardens.
Robert Howard
THE TAMARITANS THEATRE COMPANY
RECEIPTS AND PAYMENTS ACCOUNT For the year ending 31st December 2024
| INCOME | 2024 | 2024 | 2023 |
|---|---|---|---|
| General Income | |||
| Subscriptions | 1,981 | 1,880 | |
| Gift Aid | - | - | |
| Bequest | 5,000 | 22 | |
| CCLA Deposit Interest | 368 | 290 | |
| CCLA Dividends | 1,003 | 985 | |
| Social Events | 280 | 420 | |
| Hire of Manor Gardens | 200 | 45 | |
| Wardrobe Hire/Sale | - | - | |
| Sundry | 1 | 189 | |
| Sub Total | 8,833 | 3,831 | |
| PRODUCTION INCOME | |||
| Box Ofice Receipts | 15,310 | 15,900 | |
| Programmes,adverts and scripts | 649 | 827 | |
| Refreshment sales | - | - | |
| Sponsorshbip | 600 | 600 | |
| Sub Total | 16,559 | 17,327 | |
| TOTAL RECEIPTS | 25,392 | 21,158 | |
| TOTAL INCOME | 25,392 | 21,158 | |
| LESS TOTAL EXPENDITURE(frompage 2) | 18,465 | 20,458 | |
| SURPLUS/LOSS(before change in investments) | 6,927 | 700 | |
| ADD CHANGE IN VALUE OF INVESTMETS | 944 | 3,126 | |
| SURPLUS(LOSS) for theyear | 7,871 | 3,826 |
1
| EXPENDITURE | 2024 | 2023 |
|---|---|---|
| Manor Gardens | ||
| Rates and Water | 514 | 743 |
| Heat and Light | 927 | 881 |
| Insurance | 1,648 | 1,121 |
| Repairs and Renewals | 155 | 45 |
| Fire and Safety | 994 | 214 |
| SecurityAlarm | - | 439 |
| Sundry | 7 | 132 |
| Sub Total | 4,245 | 3,575 |
| Production Expenses | ||
| Theatre Hire Fees and staf costs | 8,981 | 10,139 |
| Printingand Publicity | 194 | 642 |
| Programmes | 504 | 825 |
| Royalties | 1,567 | 2,084 |
| Wardrobe | 386 | 449 |
| Props | 24 | 138 |
| Scenery | 431 | 173 |
| Light and Sound | 333 | 222 |
| Transport | 740 | 986 |
| Stamps | - | - |
| Events Licenses | - | - |
| Videos | 45 | 45 |
| Sundryincludingbar and refreshment costs | 22 | - |
| Sub Total | 13,227 | 15,703 |
| General | ||
| Accountancy | 200 | 200 |
| Stationaryand Postage | - | - |
| General Stocks | 118 | 146 |
| Social Events | 200 | 445 |
| Website | 161 | 132 |
| Scripts for read throughs | - | - |
| Bank Charges | 74 | 67 |
| Sundry (includingNODA membership | 240 | 190 |
| Sub Total | 993 | 1,180 |
TOTAL EXPENSES
18,465 20,458
2
THE TAMARITANS THEATRE COMPANY RECONCILIATION OF CASH AND BANK BALANCES
For the year ending 31st December 2024
| For the year ending 31 st December 2024 |
||
|---|---|---|
| 2024 | 2023 | |
| OpeningBalance | 53,790 | 49,964 |
| Add Surplus(Loss)inyear | 7,871 | 3,826 |
| ClosingBalance | 61,661 | 53,790 |
| Represented by:- | ||
| Bank Balances | ||
| HSBC Current A/c | 9,011 | 12,453 |
| COIF Charities Deposit Fund | 17,271 | 6,903 |
| COIF Charities Fixed Interest Fund /Ethical Fund | 35,379 | 34,434 |
| TOTAL | 61,661 | 53,790 |
OTHER PRINCIPAL ASSETS OWNED
- Freehold workshop and rehearsal premises at Manor Gardens (purchased in February 2001 for £35,000) and refurbished in 2002 (cost £114,549)
The committee has elected under S133 of the Charities Act 2011 to prepare the accounts on a receipts and payment basis and confirm that the accounts are in accordance with the legal requirements of that Act.
R G Howard - Hon Treasurer
Date
A Chilvers 4 Vixen Tor Close Yelverton Devon PL20 6EJ
Home tel: 01822 854608 Email: tonychilvers@sky.com
The Tamaritans Theatre Company c/o RG Howard, Treasurer, by email.
19[th] March 2025
Invoice 190325
Cost of yearend examination of accounts for the year ended 31[st] December 2025.
The sum of £220.00
Please pay directly to my bank account, details as follows:
Bank: Lloyds Bank Sort code: 30 91 83 Account number: 41393068 Account name: A Chilvers