**Charity number 1179739**
## **Ga Ga Theatre**
## **Report and Financial Statements**
**for the year ended 31 August 2024**
**Breckman & Company Ltd Chartered Certified Accountants 49 South Molton Street London W1K 5LH**
## **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|
## **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.
1
## **Ga Ga Theatre**
## **Trustees' Report**
The trustees present their report and the financial statements for the period ended 31 August 2024.
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 and signed on its behalf by:
## **Katie Russell Trustee**
2
## **Ga Ga Theatre**
## **Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 August 2024**
|**Unrestricted**
**funds**
**Notes**
**£**
**Expenditure on:**
Charitable activities:
Theatre - page 4
405
**Total**
405
**Net movement in funds:**
**Net income**
)
(405
**Reconciliation of funds:**
**Total funds brought forward**
752
**Total funds carried forward**
**6**
347|**2024**
**Unrestricted**
**Total**
**funds**
**£**
**£**
405
294
405
294
)
(405
)
(294
752
1,046
347
752|**2023**
**Total**
**£**
294
294
)
(294
1,046
752|
|---|---|---|
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.
3
## **Ga Ga Theatre**
## **Year ended 31 August 2024**
**Income from donations and legacies**
|**2024**||**2023**||
|---|---|---|---|
|**£**||**£**||
||-||-|
## **Expenditure on charitable activities**
|Support costs - page 5
Governance costs - page 5|105
300
405|144
150|
|---|---|---|
|||294|
4
## **Ga Ga Theatre**
## **Year ended 31st August 2024**
|**Support and governance costs**
**Support costs**
**Office overheads**
Telephone/internet
**Professional/financial**
Bank charges
**Governance costs**
Accountancy|**2024**
**£**
-
105
300|**£**
-
105
105
300
405|**2023**
**£**
54
90
150|**£**
54
90|
|---|---|---|---|---|
|||||144
150|
|||||294|
5
## **Ga Ga Theatre**
## **Balance Sheet 31 August 2024**
|**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**|**2024**
**£**
947
947
)
(600|**£**
347
347
347|**2023**
**£**
1,052
1,052
)
(300|**£**
752|
|---|---|---|---|---|
|||||752|
|||||752|
The financial statements were approved by the Board of Trustees on and signed on its behalf by
## **Katie Russell Trustee**
The notes on pages 7 to 8 form an integral part of these financial statements.
6
## **Ga Ga Theatre**
## **Notes to the Financial Statements for the period ended 31 August 2024**
## **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.
7
## **Ga Ga Theatre**
## **Notes to the Financial Statements for the period ended 31 August 2024**
## **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 (2023 £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.**|**Creditors: amounts falling due**||**2024**||**2023**|
|---|---|---|---|---|---|
||**within one year**||**£**||**£**|
||Other creditors||300||-|
||Accruals||300||300|
||||600||300|
|**6.**|**Unrestricted funds**|**Brought**|**Outgoing**||**Carried**|
|||**forward**|**resources**||**forward**|
|||**£**|**£**||**£**|
||General fund|752|)
(405||347|
## **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 2024 there were 4 members.
8