Worcester Musical Theatre Company WORCESTER MUSICAL THEATRE COMPANY Report of the Trustees and Financial Statements For the Year Ended 31st December 2024
Registered Charity Number 1186651 Worcester Musical Theatre Company CIO Report of the trustees for the year ended 31" December 2024 Governance and Management Governing Document The Charity is governed by a constitution registered on 28th November 2019. Recruitment and Appointment of the Trustees At every subsequent annual general meeting of the members of the CIO, one-third of the cha rity trustees shall retire from office. If the number of charity trustees is not three or a multiple of three, then the number nearest to one-third shall retire from office and are eligible for re-election. Related Parties The Charity is guided by both local and national policy in so far as it follows the Charity's objectives. Objectives The objects of the CIO is to educate the public in the Dramatic and Operatic Arts, to further the development of public appreciation and taste in the said arts, and to further such Charitable Institutions and Charitable purpose as the trustees shall time to time determine. Chair's Report On behalf of the Trustees of Worcester Musical Theatre Company, I would like to thank all those who were involved with our 2024 performance "Stand by Me" Ticket sales for this production were the highest ever for our group at £28,289. Well done to all those who sold tickets. Congratulations to the 70 plus children from our partici pating schools, Himbleton C of E Primary School who were new to this performance, Flyford Flavell C of E Primary School and Harlequin Stage School. Harlequin Stage School appeared onstage regularly throughout the show and the school children were in two sections and all performed beautifully.
We thank the 35 on stage performers and our more than 70 backstage personnel. This includes Val Knight, our show produce, all of the section di rectors, the stage crew, band, call boyi lighting and sound teams, wardrobe and props teams, make- up and hair stylists, ticket co-ordinator and publicity team, photography and videography team, chaperones, the front of house team and all those I have mi55edl ! Congratulations to you all and thank you for being a part of the show. We really appreciate the support that we received from Worcester Theatre's Sarah-jane Morgan, the theatre staff and volunteers. The Mayoress of Worcester City and her Consort, along with the NODA Reps watched the Friday evening performance as our guests. All said how much they had enjoyed the show. We are also grateful to our wider network of supporters who have helped us in so many ways - the staff at the Perdiswell Young Peoples Leisure Club, staff and parents of our child performers, our fellow theatre groups in Worcester, programme advertisers, song sponsors, those who donated raffle prizes, and to all the grant donors. What a listi We have now moved on from Nunnery Wood High School to a larger storage facility. We give special thanks to Nunnery Wood High School for the loan of their storage area for many years, free of charge. New Hope Worcester and West Mercia Women's Aid were the Charities chosen to benefit from donations and both received £1,000. So now we look forward to "Shine" at The Swan Theatre 11 15, November 2025. Preparat. s are already well underway for the 6 performancesl th Chairman of Trustees, 2024
Public Benefit In planning our activities for the year, the trustees bore in mind the Charitiy Commission's guidance on public benefit. Financial Review The Charity continues to depend on monies raised through ticket sales, with no guaranteed income stream and this has been identified as a major risk area for the CIO'S continued existence. Core Reserves Policy The Trustees aim to accumulate sufficient (restricted) reserves to cover normal operating expenses for six months should funding cease. It is, however, anticipated that this reserve may, on occasion be depleted, so a shorter period of expenditure would be covered. Use of core reserves: To support funds and grants until anticipated monies are actually cleared. To cover unexpected costs on a one-off bas1S. All decisions regarding the use of the core fund will be made by the trustees with a minimum attendance at a meeting of 3 people and by a majority decision. Trustees, responsibilities in the evaluation of the financial statements. The trustees are responsible for preparing the Trustees, report and Financial statements in accordance with applicable law and United Kingdom Accounting Standards. The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each fina ncial year which give a true and unbiased view of the state of the affairs of the CIO and of the incoming resources and application of resources by the charity for that period. In preparing these fi nancia I statements, the trustees are required to: select suitable accounting policies and then apply them consistently observe the methods and principles of the Charities SORP make judgement5 and estimates that are reasonable and prudent state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue to operation. The Trustees are responsible for keepi ng proper accounti ng records which disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts Reports Regulations 2008) and the trust deed. They are also responsible for safeguarding the assets of the CIO and hence for taking responsible steps for the prevention and detection of fraud and other irregularities. Statement of Fi na ncial Activities For the Year to 31st December 2024
Worcester Musical Theatre Company Registered Charity: 1186651 Financial Statements lor the year ended 31 December 2024 Year ended 31 December 2023 Year ended 31 December 2024 INCOME 3.893 1,035 Production surplus Members subscriptions 100 Club income less prize5 Other income 1,534 1,005 966 692 EXPENDITURE AND DONATIONS 2,751 500 Storage and admin. expenses Charitable donatlOn5 3,107 Surplusldeficit for the year BALANCE SHEET Asat 31 December 2023 Asat 31 December 2024 CAPITAL ACCOUNT 34,156 Balance brought forward Surplus/deficit for the year 36.525 Balance carried forward REPRESENTED BY 2,433 Cash at bank - current account deposit account 2,490
Worcester Mus4¢al Theatre Company Registered Charity: 1186651 Financial Statements for the year ended 31 December 2024 Year ended 31 December 2023 Year ended 31 December 2024 PRODUCTION ACCOUNT Movin on Up Stand by Me INCOME 26,943 I,Q31 450 8(10 1,196 1,715 Ticket sales Programme Sales Programme advertising Spon50r a Song Show raffle Grants, donations and chidren's messages Miscellaneou5 income 28,289 1,047 350 1,025 1,278 310 145 EXPENDITURE 7.935 3,763 395 1,308 1,917 1,713 1,953 381 Theatre hire Band and musical arrangement5 Performing rights Costumes Scenery Lighting Sound 8,620 3,885 415 3,768 1,983 1.900 2,158 930 Properties Rehearsal room Publicity Choreography Hospitality Programme costs Admin Transport Other show expense5 1,681 1,698 1,200 462 2,379 1,119 800 121 1.097 822 1,490 322 1.440 477 250 770 Produrtlon surplu5