Docusign Envelope ID: 8D95E4BD-C68B-4EFB-8B03-4B36538D37A1
Charity number 1179739
Ga Ga Theatre
Report and Financial Statements
for the year ended 31 August 2023
Breckman & Company Ltd Chartered Certified Accountants 49 South Molton Street London W1K 5LH
Docusign Envelope ID: 8D95E4BD-C68B-4EFB-8B03-4B36538D37A1
Ga Ga Theatre
Contents
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Trustees' Report | 2 |
| Statement of Financial Activities (including Income and Expenditure Account) | 3 - 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 - 8 |
Docusign Envelope ID: 8D95E4BD-C68B-4EFB-8B03-4B36538D37A1
Ga Ga Theatre
Reference and Administrative Details
Constitution
The organisation is a charitable incorporated organisation (CIO) under the Charities Act, registered charity number 1179739. The organisation's governing document is CIO - Foundation registered 30 August 2018.
Trustees
The trustees during the year and since the year end, were :
Laura Bamford Tanya Barlow Katie Russell Rachael Richards
Chief executive/day to day management
Katie Russell and Rachael Richards
Accountants
Breckman & Company Ltd, Chartered Certified Accountants, 49 South Molton Street, London W1K 5LH.
Bankers
Barclays Bank,111 High Street, Bedford, Bedfordshire, MK40 1NJ
Solicitors
Peter Korn, Interface Legal Advisory Service, 40 Wykeham Road, London NW4 2SU
Operation address
8 Hayes Drive, Bishops Stortford, CM23 2YJ
Registered office
49 South Molton Street, London W1K 5LH.
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Docusign Envelope ID: 8D95E4BD-C68B-4EFB-8B03-4B36538D37A1
Ga Ga Theatre
Trustees' Report
The trustees present their report and the financial statements for the period ended 31 August 2023.
The legal and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, its governing document and the Statement of Recommended Practice - Accounting and Reporting by Charities.
Structure, governance and management
Ga Ga Theatre was constituted as a charity on 30 August 2018. Prior to becoming a charity it operated as a limited company, Ga Ga Theatre Company Limited. All activity from the original company was transferred to the charity with effect from 30 August 2018.
Induction and training of trustees
Policies and procedures adopted for the induction and training of trustees are ongoing and incorporated indirectly into the regular trustees meetings.
Charity trustees are appointed by the existing trustees.
Principal Activity
The Principal activity of the CIO was theatre production.
Objectives and activities
The objects of the CIO are for the public benefit to advance education in, and appreciation of, theatre among children of all ages, in particular but not limited to those living in an area of social deprivation and those with special educational needs by providing them with accessible and age-appropriate theatre experiences.
Public benefit
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit : running a charity (PB2).
A review of development, activities and achievements
The Trustees have decided to close Ga Ga Theatre as funding has become unsustainable for the charity. Any funds remaining in the company will be transferred to a charity with similar objectives.
This report was approved by the Board of Trustees on 20 September 2024 and signed on its behalf by:
Katie Russell Trustee
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Docusign Envelope ID: 8D95E4BD-C68B-4EFB-8B03-4B36538D37A1
Ga Ga Theatre
Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 August 2023
| Unrestricted funds Notes £ Expenditure on: Charitable activities: Theatre - page 4 294 Total 294 Net movement in funds: Net income ) (294 Reconciliation of funds: Total funds brought forward 1,046 Total funds carried forward 6 752 |
2023 Unrestricted Total funds £ £ 294 443 294 443 ) (294 ) (443 1,046 1,489 752 1,046 |
2022 Total £ 443 443 ) (443 1,489 1,046 |
|---|---|---|
The notes on pages 7 to 8 form an integral part of these financial statements. The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
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Docusign Envelope ID: 8D95E4BD-C68B-4EFB-8B03-4B36538D37A1
Ga Ga Theatre
Year ended 31 August 2023
| Income from donations and legacies Expenditure on charitable activities Support costs - page 5 Governance costs - page 5 |
2023 £ - 144 150 294 |
2022 £ - |
|---|---|---|
| 293 150 |
||
| 443 |
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Docusign Envelope ID: 8D95E4BD-C68B-4EFB-8B03-4B36538D37A1
Ga Ga Theatre
Year ended 31st August 2023
| Support and governance costs Support costs Office overheads Telephone/internet Professional/financial Bank charges Governance costs Accountancy |
2023 £ 54 90 150 |
£ 54 90 144 150 294 |
2022 £ 198 95 150 |
£ 198 95 |
|---|---|---|---|---|
| 293 150 |
||||
| 443 |
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Docusign Envelope ID: 8D95E4BD-C68B-4EFB-8B03-4B36538D37A1
Ga Ga Theatre
Balance Sheet 31 August 2023
| Notes Current assets Cash at bank and in hand Liabilities: Creditors: amounts falling due within one year 5 Net current assets Total assets less current liabilities The funds of the charity: Unrestricted funds 6 |
2023 £ 1,052 1,052 ) (300 |
£ 752 752 752 |
2022 £ 1,496 1,496 ) (450 |
£ 1,046 |
|---|---|---|---|---|
| 1,046 | ||||
| 1,046 |
The financial statements were approved by the Board of Trustees on 20 September 2024 and signed on its behalf by
Katie Russell Trustee
The notes on pages 7 to 8 form an integral part of these financial statements.
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Docusign Envelope ID: 8D95E4BD-C68B-4EFB-8B03-4B36538D37A1
Ga Ga Theatre
Notes to the Financial Statements for the period ended 31 August 2023
1. Accounting policies
1.1. Basis of preparing the financial statements
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 charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
1.2. Expenditure
All expenditure is included on an accruals basis inclusive of any VAT which cannot be recovered and is recognised when:
-
there is a legal or constructive obligation to make a payment
-
it is probable that settlement will be required
-
the amount of the obligation can be measured reliably
- Costs of raising funds
Costs incurred in attracting donations, and those incurred in trading activities that raise funds.
- Support costs
The administrative and overhead costs associated with running the office from which the charity operates as well as governance costs. Support costs are wholly attributable to theatre production costs.
- Governance costs
Costs associated with the constitutional and statutory requirements of the charity.
1.3. Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
1.4. Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
1.5. Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
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Docusign Envelope ID: 8D95E4BD-C68B-4EFB-8B03-4B36538D37A1
Ga Ga Theatre
Notes to the Financial Statements for the period ended 31 August 2023
2. Trustees' emoluments and reimbursed expenses
The trustees received no remuneration during the year.
The aggregated amount reimbursed to trustees during the year was £nil (2022 £nil.)
3. Staff costs and numbers
During the year the company had no employees
4. Corporation taxation
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
5.
6.
| Creditors: amounts falling due | 2023 | 2022 | |
|---|---|---|---|
| within one year | £ | £ | |
| Accruals | 300 | 450 | |
| Unrestricted funds | Brought | Outgoing | Carried |
| forward | resources | forward | |
| £ | £ | £ | |
| General fund | 1,046 | ) (294 |
752 |
7. Liability of members
If the CIO is wound up, the members of the CIO have no liability to contribute to its assets and no personal responsibility for settling its debts and liabilities. At 31 August 2023 there were 4 members.
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