## **Oddments Theatre Company Annual Report April 2022 to March 2023** Charity number: **1183188** ## **Charity’s principal address** Oddments Theatre Co. Birchfield Church Birchfield Road Yeovil BA21 5RL ## **Trustees:** Ian Stevenson – Chair, Anthony Braithwaite, Michael Cox, Brian Grimstone, Rosemarie Stewart **Charity’s principal address:** Oddments Theatre Co. Birchfield Church Birchfield Road Yeovil BA21 5RL **Charity’s CEO** : Barry Stephen Boyton, Charity Director **Independent Examiners:** Whites Charted Accountants, Suite 9 Yeovil Innovation Centre, Barracks Close, Copse Road, Yeovil BA22 8RN ## **Objects of Oddments Theatre Company** The objects of the CIO are to advance the Christian faith (particularly but not exclusively by means of theatrical productions and workshops) in accordance with its Statement of Beliefs, in Somerset and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit, and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the trust. For the purposes of these Objects, “Statement of Beliefs” shall mean the Basis of Faith of the Evangelical Alliance UK as updated from time to time. ## **Summary of main activities** The charity’s main focus is the preparation and presentation of theatrical productions in a wide variety of churches, prisons and schools as well as other venues as opportunity arises. The charity also has an educational role in training others in drama and theatre skills, through workshops, publications and other media. ## **Achievements in 2022-2023** 1. With the removal of Covid restrictions, normal touring was resumed. 2. During the year, the following productions were toured: - a. Road to the Cross - b. Amazing Grace - c. A Christmas Messenger ## **Fundraising** Funding sources for the charity include donations principally through gifts & grants, revenue from performances (fees), and regular supporters under the ‘Friends of Oddments’ prayer and support network of individuals. ## **Financial Review** Financially, we have had a moderately successful year. Due to an overspend, it was necessary to use the profits from the previous year. This did not cause any difficulties with operations. Our supporters continue to make this work possible, and we look forward to touring future productions in churches, schools and prisons in the year ahead. **Signed Chair** **Date 24[th] January 2024** Charity registration number: 1183188 ## Oddments Theatre Company Annual Report and Financial Statements for the Year Ended 5 April 2023 Whites Chartered Accountants Suite 9 Yeovil Innovation Centre Barracks Close Copse Road Yeovil Somerset BA22 8RN ## **Oddments Theatre Company** ## **Contents** |Independent Examiner's Report|1| |---|---| |Statement of Financial Activities|2| |Balance Sheet|3| |Notes to the Financial Statements|4 to 6| ## **Oddments Theatre Company** ## **Independent Examiner's Report to the trustees of Oddments Theatre Company** I report on the accounts of the charity for the year ended 5 April 2023 which are set out on pages 2 to 6. ## **Respective responsibilities of trustees and examiner** The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ...................................... Whites Chartered Accountants Suite 9 Yeovil Innovation Centre Barracks Close Copse Road Yeovil Somerset BA22 8RN 21 December 2023 Page 1 ## **Oddments Theatre Company** ## **Statement of Financial Activities for the Year Ended 5 April 2023** |**Note**
**Income and Endowments from:**
Donations and legacies
Investment income
3
Total income
**Expenditure on:**
Raising funds
Total expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
**Note**
**Income and Endowments from:**
Donations and legacies
Investment income
3
Total income
**Expenditure on:**
Raising funds
Total expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**funds**
**£**
128,601
152
128,753
(134,148)
(134,148)
(5,395)
62,050
56,655
**Unrestricted**
**funds**
**£**
156,253
31
156,284
(133,943)
(133,943)
22,341
32,428
54,769|**Total**
**2023**
**£**
128,601
152| |---|---|---| |||128,753| |||(134,148)| |||(134,148)| |||(5,395)
62,050| |||56,655| |||**Total**
**2022**
**£**
156,253
31| |||156,284| |||(133,943)| |||(133,943)| |||22,341
32,428| |||54,769| Page 2 ## **Oddments Theatre Company** ## **(Registration number: 1183188) Balance Sheet as at 5 April 2023** |**Note**
**Fixed assets**
Tangible assets
7
**Current assets**
Cash at bank and in hand
8
**Net assets**
**Funds of the charity:**
**Income funds**
Unrestricted funds
Restricted funds
Total funds
**Total funds**|**2023**
**£**
16,032
98,752
114,784
56,655
58,129
114,784
114,784|**2022**
**£**
16,347
103,831| |---|---|---| |||120,178| |||54,769
65,409| |||120,178| |||120,178| The financial statements on pages 2 to 6 were approved by the trustees, and authorised for issue on 21 December 2023 and signed on their behalf by: **----- Start of picture text -----**
.........................................
Anthony Braithwaite
**----- End of picture text -----**
......................................... Ian Stevenson ......................................... Rosemary Stewart ......................................... Michael Cox Page 3 ## **Oddments Theatre Company** ## **Notes to the Financial Statements for the Year Ended 5 April 2023** ## **1 Accounting policies** ## **Basis of preparation** Oddments Theatre Company 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 notes. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: ## **Asset class** Equipment 25% reducing balance basis ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **2 Income from donations etc.** |Gifts and donations
One off gifts
Grants
Sponsorship
Inland revenue charities aid
Other income
Church sponsorship
Children's work
Shows
**3**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits|**General**
**£**
152|**2023**
**£**
(56,232)
(21,970)
-
(1,000)
(11,014)
(7,206)
(1,387)
(1,500)
(28,292)
(128,601)
**Total**
**2023**
**£**
152|**2022**
**£**
(60,544)
(32,790)
(1,500)
(860)
(11,696)
(35,771)
-
(2,570)
(10,522)| |---|---|---|---| ||||(156,253)| ||||**Total**
**2022**
**£**
31| Page 4 ## **Oddments Theatre Company** ## **Notes to the Financial Statements for the Year Ended 5 April 2023** ## **4 Expenditure on raising funds** |Student sponsorship
Rent and premises costs
Insurance
Costumes, props, lighting and sound
Hall hire
Merchandise
Utilities
Printing, postage, stationery and advertising
Sundries
Motor and travel expenses
Exhibition expenses
Accountancy
Professional fees
Copyright
Bank charges
Depreciation|**Unrestricted**
**funds**
**General**
**£**
283
8,062
2,058
2,415
12
4,128
4,971
4,772
5,114
9,804
2,487
2,640
2,580
120
520
5,344
55,310|**Total**
**2023**
**£**
283
8,062
2,058
2,415
12
4,128
4,971
4,772
5,114
9,804
2,487
2,640
2,580
120
520
5,344
55,310|**Total**
**2022**
**£**
11,872
4,146
2,254
9,337
13
1,541
3,851
9,199
4,288
6,448
1,984
2,480
1,058
214
402
5,449| |---|---|---|---| ||||64,536| ## **5 Staff costs** The aggregate payroll costs were as follows: |**Staff costs during the year were:**
Wages and salaries|**2023**
**£**
78,838|**2022**
**£**
69,407| |---|---|---| Page 5 ## **Oddments Theatre Company** ## **Notes to the Financial Statements for the Year Ended 5 April 2023** ## **6 Taxation** The charity is a registered charity and is therefore exempt from taxation. ## **7 Tangible fixed assets** |**Cost**
At 6 April 2022
Additions
At 5 April 2023
**Depreciation**
Charge for the year
At 5 April 2023
**Net book value**
At 5 April 2023
At 5 April 2022
**8**
**Restricted funds**
Emergency funds
Team fees
Building fund
Future projects fund|**Equipment**
**£**
16,347
5,029||**Total**
**£**
16,347
5,029
21,376
5,344
5,344
16,032
16,347
**2023**
**£**
10,000
500
34,302
13,327| |---|---|---|---| ||21,376||| ||5,344||| ||5,344||| ||16,032||| ||16,347||| ||||| ||||58,129| Page 6 Charity registration number: 1183188 ## Oddments Theatre Company Annual Report and Financial Statements for the Year Ended 5 April 2023 Whites Chartered Accountants Suite 9 Yeovil Innovation Centre Barracks Close Copse Road Yeovil Somerset BA22 8RN ## **Oddments Theatre Company** ## **Contents** |Independent Examiner's Report|1| |---|---| |Statement of Financial Activities|2| |Balance Sheet|3| |Notes to the Financial Statements|4 to 6| ## **Oddments Theatre Company** ## **Independent Examiner's Report to the trustees of Oddments Theatre Company** I report on the accounts of the charity for the year ended 5 April 2023 which are set out on pages 2 to 6. ## **Respective responsibilities of trustees and examiner** The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ...................................... Whites Chartered Accountants Suite 9 Yeovil Innovation Centre Barracks Close Copse Road Yeovil Somerset BA22 8RN 21 December 2023 Page 1 ## **Oddments Theatre Company** ## **Statement of Financial Activities for the Year Ended 5 April 2023** |**Note**
**Income and Endowments from:**
Donations and legacies
Investment income
3
Total income
**Expenditure on:**
Raising funds
Total expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
**Note**
**Income and Endowments from:**
Donations and legacies
Investment income
3
Total income
**Expenditure on:**
Raising funds
Total expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Unrestricted**
**funds**
**£**
128,601
152
128,753
(134,148)
(134,148)
(5,395)
62,050
56,655
**Unrestricted**
**funds**
**£**
156,253
31
156,284
(133,943)
(133,943)
22,341
32,428
54,769|**Total**
**2023**
**£**
128,601
152| |---|---|---| |||128,753| |||(134,148)| |||(134,148)| |||(5,395)
62,050| |||56,655| |||**Total**
**2022**
**£**
156,253
31| |||156,284| |||(133,943)| |||(133,943)| |||22,341
32,428| |||54,769| Page 2 ## **Oddments Theatre Company** ## **(Registration number: 1183188) Balance Sheet as at 5 April 2023** |**Note**
**Fixed assets**
Tangible assets
7
**Current assets**
Cash at bank and in hand
8
**Net assets**
**Funds of the charity:**
**Income funds**
Unrestricted funds
Restricted funds
Total funds
**Total funds**|**2023**
**£**
16,032
98,752
114,784
56,655
58,129
114,784
114,784|**2022**
**£**
16,347
103,831| |---|---|---| |||120,178| |||54,769
65,409| |||120,178| |||120,178| The financial statements on pages 2 to 6 were approved by the trustees, and authorised for issue on 21 December 2023 and signed on their behalf by: **----- Start of picture text -----**
.........................................
Anthony Braithwaite
**----- End of picture text -----**
......................................... Ian Stevenson ......................................... Rosemary Stewart ......................................... Michael Cox Page 3 ## **Oddments Theatre Company** ## **Notes to the Financial Statements for the Year Ended 5 April 2023** ## **1 Accounting policies** ## **Basis of preparation** Oddments Theatre Company 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 notes. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: ## **Asset class** Equipment 25% reducing balance basis ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **2 Income from donations etc.** |Gifts and donations
One off gifts
Grants
Sponsorship
Inland revenue charities aid
Other income
Church sponsorship
Children's work
Shows
**3**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits|**General**
**£**
152|**2023**
**£**
(56,232)
(21,970)
-
(1,000)
(11,014)
(7,206)
(1,387)
(1,500)
(28,292)
(128,601)
**Total**
**2023**
**£**
152|**2022**
**£**
(60,544)
(32,790)
(1,500)
(860)
(11,696)
(35,771)
-
(2,570)
(10,522)| |---|---|---|---| ||||(156,253)| ||||**Total**
**2022**
**£**
31| Page 4 ## **Oddments Theatre Company** ## **Notes to the Financial Statements for the Year Ended 5 April 2023** ## **4 Expenditure on raising funds** |Student sponsorship
Rent and premises costs
Insurance
Costumes, props, lighting and sound
Hall hire
Merchandise
Utilities
Printing, postage, stationery and advertising
Sundries
Motor and travel expenses
Exhibition expenses
Accountancy
Professional fees
Copyright
Bank charges
Depreciation|**Unrestricted**
**funds**
**General**
**£**
283
8,062
2,058
2,415
12
4,128
4,971
4,772
5,114
9,804
2,487
2,640
2,580
120
520
5,344
55,310|**Total**
**2023**
**£**
283
8,062
2,058
2,415
12
4,128
4,971
4,772
5,114
9,804
2,487
2,640
2,580
120
520
5,344
55,310|**Total**
**2022**
**£**
11,872
4,146
2,254
9,337
13
1,541
3,851
9,199
4,288
6,448
1,984
2,480
1,058
214
402
5,449| |---|---|---|---| ||||64,536| ## **5 Staff costs** The aggregate payroll costs were as follows: |**Staff costs during the year were:**
Wages and salaries|**2023**
**£**
78,838|**2022**
**£**
69,407| |---|---|---| Page 5 ## **Oddments Theatre Company** ## **Notes to the Financial Statements for the Year Ended 5 April 2023** ## **6 Taxation** The charity is a registered charity and is therefore exempt from taxation. ## **7 Tangible fixed assets** |**Cost**
At 6 April 2022
Additions
At 5 April 2023
**Depreciation**
Charge for the year
At 5 April 2023
**Net book value**
At 5 April 2023
At 5 April 2022
**8**
**Restricted funds**
Emergency funds
Team fees
Building fund
Future projects fund|**Equipment**
**£**
16,347
5,029||**Total**
**£**
16,347
5,029
21,376
5,344
5,344
16,032
16,347
**2023**
**£**
10,000
500
34,302
13,327| |---|---|---|---| ||21,376||| ||5,344||| ||5,344||| ||16,032||| ||16,347||| ||||| ||||58,129| Page 6