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2023-06-30-accounts

Trustee’s Annual Report

3rd June 2022 to 30th June 2023

Reference and Administration Details

Charity name: Musical Theatre Stafford

Other names Charity is known by: MTS

Registered Charity Number: 1196249

Charity principal address: 57 Ricardo Street, Stoke-on-Trent, ST3 4EX

Names of Charity Trustees:

Name Position Dates Acted (if not full year)
Roger Foxcroft Chairman
Craig Chesters Vice Chairman
Sam Parton Treasurer
Jess Smith Secretary
Lucy Travers Assistant Secretary
Laura Riddell Assistant Secretary
Laura Wattley Assistant Treasurer
Bella Dalby Assistant Treasurer
David Elliott Publicity Officer
Mike Hartley Technical Liaison
Laura Marsden Ordinary Member
Dave Phizacklea Ordinary Member

Structure, Governance & Management

Type of Governing Document: Constitution, adopted 22nd October 2021

How the Charity is constituted: Charitable Incorporated Organisation

Trustee selection methods: Trustees are appointed or re-appointed annually at the Annual General Meeting held between July and September.

Objectives and Activities

Summary of the objects of the Charity as set out in it’s Governing Document:

For the public benefit, to promote public appreciation of the arts in all its forms, and in particular of musical theatre, in such ways as the trustees shall from time to time determine, including through the staging of accessible theatre productions of artistic merit.

Summary of the main activities undertaken for the public benefit in relation to these objects:

The main activities undertaken by the Charity during the year are as follows:

Achievements and Performance

Summary of the main achievements of the Charity during the year:

3 productions staged this year:

A claim for Theatre Tax Relief will be submitted for the first time in this financial year.

A profit of just under £4,000 was reported for this financial year.

Future Plans

Summary of the Charity’s plans for the upcoming year:

Continue to review current and potential new revenue streams to maintain profits made last financial year and ensure the longevity of the group.

Declaration

The Trustees declare that they have approved the Trustee Report above.

Signed on behalf of the Charity Trustees: ……………………………………………….

Full Name: ………Sam Parton………….

Position: ……………Treasurer…………………

Date: ………………………[09.07.2023] ……………...

Musical Theatre Stafford Musical Theatre Stafford Musical Theatre Stafford Musical Theatre Stafford 1196249
Annual accounts for theperiod
From 03.06.2022 To 30.06.2023
Section A Statement of financial activities
Recommended categories by activity Guidance N
Unrestricted
funds
Restricted
income
funds		 Endowment
funds		 Total funds Prior year
funds
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations and legacies S01 15,329
-
-
15,329
5,214
Charitable activities S02 94,625
-
-
94,625
22,451
Other trading activities S03 -
-
-
-
-
Investments S04 -
-		 -
-
Separate material item of income S05 -
-
-
-
-
Other S06 11,194
-
-
11,194
11,171
Total S07 121,149
-
-
121,149
38,837
Resources expended(Note 6)
Expenditure on:
Raising funds S08 933
-
-
933
30
Charitable activities S09 105,815
-
-
105,815
25,517
Separate material item of expense S10 -
-
-
-
-
Other S11 10,474
-
-
10,474
10,287
Total S12 117,222
-
-
117,222
35,834
Net income/(expenditure) before investment gains/
(losses)		 S13 3,927
-
-
3,927
3,002
Net gains/(losses) on investments S14 -
-
-
-
-
Net income/(expenditure) S15 3,927
-
-
3,927
3,002
Extraordinary items S16 -
-
-
-
-
Transfers between funds S17 -
-
-
-
-
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the charity’s own use S18 -
-
-
-
-
Other gains/(losses) S19 -
-
-
-
-
Net movement in funds S20 3,927
-
-
3,927
3,002
Reconciliation of funds:
Total funds brought forward S21 51,687
-
-
51,687
48,685
Total funds carried forward S22 55,614
-
-
55,614
51,687
1

1

Section B Balance sheet Section B Balance sheet Section B Balance sheet
Guidance No
Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Total this
year		 Total last
year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Intangible assets (Note 15) B01 -
-
-
-
-
Tangible assets (Note 14) B02 -
-
-
-
-
Heritage assets (Note 16) B03 -
-
-
-
-
Investments (Note 17) B04 -
-
-
-
-
Total fixed assets B05 -
-
-
-
-
Current assets
Stocks (Note 18) B06 -
-
-
-
-
Debtors (Note 19) B07 34,525
-
-
34,525
10,381
Investments (Note 17.4) B08 -
-
-
-
-
Cash at bank and in hand(Note 24) B09 24,850
-
-
24,850
42,075
Total current assets B10 59,376
-
-
59,376
52,457
Creditors: amounts falling due within
one year (Note 20)		 B11 3,762
-
-
3,762
769
Net current assets/(liabilities) B12 55,614
-
-
55,614
51,687
Total assets less current liabilities B13 55,614
-		 - 55,614
51,687
Creditors: amounts falling due after one
year (Note 20)		 B14 -
-
-
-
-
Provisions for liabilities B15 -
-
-
-
-
Total net assets or liabilities B16 55,614
-
-
55,614
51,687
Funds of the Charity
Endowment funds (Note 27) B17 - -
-
Restricted income funds (Note 27) B18 - -
-
Unrestricted funds B19 -
-
-
Revaluation reserve B20 -
Total funds B21 -
-
-
-
-
Signed by one or two trustees on behalf of all the
trustees		 Signature Print Name Date of
approval dd/
mm/yyyy
S Parton 31/07/2023

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Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts
Note 1Basis ofpreparation
This section should be completed by all charities.
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value
unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
• and with* ✓ the Statement of Recommended Practice: Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) issued on 16 July 2014
• and with* ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
(FRS 102)
• and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS
102.*		 ✓
* -Tick as appropriate
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to
continue as a going concern, please provide the following details or state "Not applicable", if appropriate:
An explanation as to those factors that support the
conclusion that the charity is a going concern;		 Not Applicable
Disclosure of any uncertainties that make the
going concern assumption doubtful;		 Not Applicable
Where accounts are not prepared on a going
concern basis, please disclose this fact together
with the basis on which the trustees prepared the
accounts and the reason why the charity is not
regarded as a going concern.		 Not Applicable
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes* ✓ * -Tick as appropriate
No*
Please disclose:
(i) the nature of the change in accounting policy; Not Applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; and		 Not Applicable
(iii) the amount of the adjustment for each line affected in the
current period, each prior period presented and the
aggregate amount of the adjustment relating to periods
before those presented, 3.44 FRS 102 SORP.		 Not Applicable
Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts
Note 1Basis ofpreparation
This section should be completed by all charities.
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value
unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
• and with* ✓ the Statement of Recommended Practice: Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) issued on 16 July 2014
• and with* ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
(FRS 102)
• and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS
102.*		 ✓
* -Tick as appropriate
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to
continue as a going concern, please provide the following details or state "Not applicable", if appropriate:
An explanation as to those factors that support the
conclusion that the charity is a going concern;		 Not Applicable
Disclosure of any uncertainties that make the
going concern assumption doubtful;		 Not Applicable
Where accounts are not prepared on a going
concern basis, please disclose this fact together
with the basis on which the trustees prepared the
accounts and the reason why the charity is not
regarded as a going concern.		 Not Applicable
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes* ✓ * -Tick as appropriate
No*
Please disclose:
(i) the nature of the change in accounting policy; Not Applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; and		 Not Applicable
(iii) the amount of the adjustment for each line affected in the
current period, each prior period presented and the
aggregate amount of the adjustment relating to periods
before those presented, 3.44 FRS 102 SORP.		 Not Applicable
Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts
Note 1Basis ofpreparation
This section should be completed by all charities.
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value
unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
• and with* ✓ the Statement of Recommended Practice: Accounting and Reporting by Charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) issued on 16 July 2014
• and with* ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland
(FRS 102)
• and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS
102.*		 ✓
* -Tick as appropriate
1.2 Going concern
If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to
continue as a going concern, please provide the following details or state "Not applicable", if appropriate:
An explanation as to those factors that support the
conclusion that the charity is a going concern;		 Not Applicable
Disclosure of any uncertainties that make the
going concern assumption doubtful;		 Not Applicable
Where accounts are not prepared on a going
concern basis, please disclose this fact together
with the basis on which the trustees prepared the
accounts and the reason why the charity is not
regarded as a going concern.		 Not Applicable
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.
Yes* ✓ * -Tick as appropriate
No*
Please disclose:
(i) the nature of the change in accounting policy; Not Applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; and		 Not Applicable
(iii) the amount of the adjustment for each line affected in the
current period, each prior period presented and the
aggregate amount of the adjustment relating to periods
before those presented, 3.44 FRS 102 SORP.		 Not Applicable

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1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
Yes* ✓ * -Tick as appropriate
No*
Please disclose:
(i) the nature of any changes; Not Applicable
(ii) the effect of the change on income and expense or assets
and liabilities for the current period; and		 Not Applicable
(iii) where practicable, the effect of the change in one or more
future periods.		 Not Applicable
1.5 Material prior year errors
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
Yes* ✓ * -Tick as appropriate
No*
Please disclose:
(i) the nature of the prior period error; Not Applicable
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item affected;
and		 Not Applicable
(iii) the amount of the correction at the beginning of the
earliest prior period presented in the accounts.		 Not Applicable

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Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 2 Accounting policies
2.2 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or
additional policy has been adopted then this is detailed in the box below.
Recognition of income These are included in the Statement of Financial Activities(SoFA)when:
• the charitybecomes entitled to the resources;
· it is more likelythan not that the trustees will receive the resources;and Yes No N/a
• the monetaryvalue can be measured with sufficient reliability. ✓
Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.		 Yes No N/a
✓
Grants and donations Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).		 Yes No N/a
✓
In the case of performance related grants, income must only be recognised to the extent that
the charity has provided the specified goods or services as entitlement to the grant only occurs
when the performance related conditions are met (5.16 FRS 102 SORP).		 Yes No N/a
✓
Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant
of probate, the executors have established that there are sufficient assets in the estate and any
conditions attached to the legacy are either within the control of the charity or have been met.		 Yes No N/a
✓
Government grants The charity has received government grants in the reporting period Yes No N/a
✓
Tax reclaims on donations
and gifts		 Gift Aid receivable is included in income when there is a valid declaration from the donor. Any
Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an
addition to the same fund as the initial donation unless the donor or the terms of the appeal
have specified otherwise.		 Yes No N/a
✓
Contractual income and
performance related grants		 This is only included in the SoFA once the charity has provided the related goods or services or
met the performance related conditions.		 Yes No N/a
✓
Donated goods Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.		 Yes No N/a
✓
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair
value of those gifts at the time of their receipt and they are recognised on receipt. In the
reporting period in which the stocks are distributed, they are recognised as an expense at the
carrying amount of the stocks at distribution.		 Yes No N/a
✓
Donated goods for resale are measured at fair value on initial recognition, which is the expected
proceeds from sale less the expected costs of sale, and recognised in 'Income from other
trading activities' with the corresponding stock recognised in the balance sheet. On its sale the
value of stock is charged against 'Income from other trading activities' and the proceeds from
sale are also recognised as 'Income from other trading activities'.		 Yes No N/a
✓
Goods donated for on-going use by the charity are recognised as tangible fixed assets and
included in the SoFA as incoming resources when receivable.		 Yes No N/a
✓
Gifts in kind for use by the charity are included in the SoFA as income from donations when
receivable.		 Yes No N/a
✓
Donated services and
facilities		 Donated services and facilities are included in the SOFA when received at the value of the gift
to the charity provided the value of the gift can be measured reliably.		 Yes No N/a
✓
Donated services and facilities that are consumed immediately are recognised as income with
an equivalent amount recognised as an expense under the appropriate heading in the SOFA.		 Yes No N/a
✓
Support costs The charity has incurred expenditure on support costs. Yes No N/a
✓
Volunteer help The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.		 Yes No N/a
✓
Income from interest,
royalties and dividends		 This is included in the accounts when receipt is probable and the amount receivable can be
measured reliably.		 Yes No N/a
✓
Income from membership
subscriptions		 Membership subscriptions received in the nature of a gift are recognised in Donations and
Legacies.		 Yes No N/a
✓
Membership subscriptions which gives a member the right to buy services or other benefits are Yes No N/a

1

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recognised as income earned from the provision of goods and services as income from
charitable activities.		 ✓
Settlement of insurance
claims		 Insurance claims are only included in the SoFA when the general income recognition criteria are
met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA.		 Yes No N/a
✓
Investment gains and
losses		 This includes any realised or unrealised gains or losses on the sale of investments and any
gain or loss resulting from revaluing investments to market value at the end of the year.		 Yes No N/a
✓
2.3 EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive
obligation committing the charity to pay out resources and the amount of the obligation can be
measured with reasonable certainty.		 Yes No N/a
✓
Governance and support
costs		 Support costs have been allocated between governance costs and other support. Governance
costs comprise all costs involving public accountability of the charity and its compliance with
regulation and good practice.		 Yes No N/a
✓
Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, eg allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.		 Yes No N/a
✓
Grants with performance
conditions		 Where the charity gives a grant with conditions for its payment being a specific level of service
or output to be provided, such grants are only recognised in the SoFA once the recipient of the
grant has provided the specified service or output.		 Yes No N/a
✓
Grants payable without
performance conditions		 Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be recognised.		 Yes No N/a
✓
Redundancy cost The charity made no redundancy payments during the reporting period. Yes No N/a
✓
Deferred income No material item of deferred income has been included in the accounts. Yes No N/a
✓
Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Yes No N/a
✓
Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at
the best estimate of the amount required to settle the obligation at the reporting date		 Yes No N/a
✓
Basic financial instruments The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7
FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102
SORP.		 Yes No N/a
✓
2.4 ASSETS Yes No N/a
Tangible fixed assets for
use by charity		 These are capitalised if they can be used for more than one year, and cost at least ✓
They are valued at cost. Yes No N/a
✓
The depreciation rates and methods used are disclosed in note 9.2.
Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have physical
substance but are identifiable and are controlled by the charity through custody or legal rights.
The amortisation rates and methods used are disclosed in note 9.5		 Yes No N/a
✓
They are valued at cost. Yes No N/a
✓
Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific,
technological, geophysical or environmental qualities that are held and maintained principally
for their contribution to knowledge and culture. The depreciation rates and methods used as
disclosed in note 9.6.1.4.		 Yes No N/a
✓
Yes No N/a
They are valued at cost. ✓
Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at
initially at cost and subsequently at fair value (their market value) at the year end. The same
treatment is applied to unlisted investments unless fair value cannot be measured reliably in
which case it is measured at cost less impairment.		 Yes No N/a
✓
Investments held for resale or pending their sale and cash and cash equivalents with a maturity
date of less than 1 year are treated as current asset investments		 Yes No N/a
✓
Stocks and work in
progress		 Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable
value.		 Yes No N/a
✓
Goods or services provided as part of a charitable activity are measured at net realisable value based on
the service potential provided by items of stock.		 Yes No N/a
✓












Yes No N/a
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2

Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. ✓
Debtors Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement
amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured
at the cash or other consideration expected to be received.		 Yes No N/a
✓
Current asset investments The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents
with a maturity date of less than one year held for investment purposes rather than to meet short term
cash commitments as they fall due.		 Yes No N/a
✓
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments. ✓
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE

3

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li

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Section C Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont) Notes to the accounts (cont)
Note 3 Analysis of income
Analysis Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Total funds Prior year
£ £
Donations and
legacies:
Donations andgifts		 998
-
-
998
5,214
Gift Aid 3,036
-
-
3,036
9,930
Legacies -
-
-
-
-
General grants provided by government/other
charities		 -
-
-
-
-
Membership subscriptions and sponsorships
which are in substance donations		 15,329
-
-
15,329		 13,736
Donated goods, facilities and services -
-
-
-
-
Other -
-
-
-
Total
19,363
-
-
19,363		 28,880
Charitable
activities:		 MTS October Show 33,994
-
-
33,994		 22,451
37,521
-
-
37,521
-
23,111
-
-
23,111
-
Other -
-
-
-
-
Total
94,625
-
-
94,625		 22,451
Other trading
activities:		 MTS Concert -
-
-
-
132
MYTS Concert 1,288
-
-
1,288
326
-
-
-
-
-
Other -
-
-
-
-
Total
1,288
-
-
1,288
458
Income from
investments:		 Interest income -
-
-
-
4
Dividend income -
-
-
-
-
Rental and leasingincome -
-
-
-
-
Other -
-
-
-
-
Total
-
-
-
-
4
Separate
material item
of income:		 Other 4,287
-
-
4,287
1,837
Annual Dinner Dance 1,585
-
-
1,585
1,323
-
-
-
-
-
-
-
-
-
-
Total
5,872
-
-
5,872
3,159
Other: Conversion of endowment funds into income -
-
-
-
-
Gain on disposal of a tangible fixed asset held for
charity's own use		 -
-
-
-
-
Gain on disposal of a programme related
investment		 -
-
-
-
-
Royalties from the exploitation of intellectual
property rights		 -
-
-
-
-
Other -
-
-
-
-
Total
-
-
-
-
-
TOTAL INCOME 121,149
-
-		 121,149 54,952
Other information:
All income in the prior year was unrestricted except for: (please
provide description and amounts)		 Not Applicable
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.		 Not Applicable
Where any endowment fund is converted into income in the prior
period, please give the reason for the conversion.		 Not Applicable

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Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts) Not Applicable

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Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 6 Analysis of expenditure
This year Last year
Analysis Unrestricted
funds		 Restricted
income funds		 Endowment
funds		 Total funds Unrestricted
funds		 Restricted
income
funds		 Endowment
funds
Expenditure on raising funds: £
Incurred seeking donations -
-
-
-
-
-
-
Incurred seeking legacies -
-
-
-
-
-
-
Incurred seeking grants -
-
-
-
-
-
-
Operating membership schemes and
social lotteries		 -
-
-
-
-
-
-
Staging fundraising events 933
-
-
933
1,964
-
-
Fudraising agents -
-
-
-
-
-
-
Operating charity shops -
-
-
-
-
-
-
Operating a trading company undertaking
non-charitable trading activity		 -
-
-
-
-
-
-
Advertising, marketing, direct mail and
publicity		 -
-
-
-
-
-
-
Start up costs incurred in generating new
source of future income		 -
-
-
-
-
-
-
Database development costs -
-
-
-
-
-
-
Other trading activities -
-
-
-
-
-
-
Investment management costs: -
-
-
-
-
-
-
Portfolio management costs -
-
-
-
-
-
-
Cost of obtaining investment advice -
-
-
-
-
-
-
Investment administration costs -
-
-
-
-
-
-
Intellectual property licencing costs -
-
-
-
-
-
-
Rent collection, property repairs and
maintenance charges		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
Total expenditure on raising funds 933
-
-
933
1,964
-
-
Expenditure on charitable activities:
MTS October Show 33,471
-
-
33,471
25,517
-
-
MTS April Show 39,684
-
-
39,684
3,592
-
-
MYTS Show 32,660
-
-
32,660
-
-
-
-
-
-
-
-
-
-
Total expenditure on charitable
activities		 105,815
-
-
105,815
29,110
-
-
Separate material item of expense
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total -
-
-
-
-
-
-
Other
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total other expenditure -
-
-
-
-
-
-
TOTAL EXPENDITURE 106,748
-
-		 106,748 31,073
-
-
Other information:

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Analysis of expenditure on charitable activities
This year Last year
Activity or programme Activities
undertaken
directly		 Grant
funding of
activities		 Support Costs Total this
year		 Activities
undertaken
directly		 Grant
funding of
activities		 Support
Costs
£ £ £ £ £ £ £
MTS October Show 33,471
-
-
33,471
25,517
-
-
MTS April Show 39,684
-
-
39,684
3,592
-
-
MYTS Show 32,660
-
-
32,660
-
-
-
Concerts 933
-
-
933
1,964
-
-
Total 106,748
-
-
106,748
31,073
-
-

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Total funds £ - - - - 1,964 - - - - - - - - - - - - - - 1,964 25,517 3,592 - - 29,110 - - - - - - - - - 31,073

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Total last year £ 25,517 3,592 - 1,964 31,073

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Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts
Note 9 Support Costs
Please complete this note if the charity has analysed its expenses using activity
categories and has support costs.
This year
Support cost
(examples)		 Raising funds Social Training Activity 3 Grand total
£ £ £ £ £
Administration 1,050
-
-
-
1,050
Insurance 324
-
-
-
324
Subscription Costs 270
-
-
-
270
Annual Dinner Dance -
1,698
-
-
1,698
Other 4,400
2,092
640
-
7,132
Total 6,044
3,790
640
-
10,474
Last year
Support cost
(examples)		 Raising funds Social Training Activity 3 Grand total
£ £ £ £ £
Administration 912
-
-
-
912
Insurance 319
-
-
-
319
Subscription Costs 200
-
-
-
200
Annual Dinner Dance -
1,472
-
-
1,472
Other 4,004
1,080
-
-
5,084
Total 5,435
2,552
-
-
7,987
Please provide details of the accounting policy adopted
for the apportionment of costs between activities and
any estimation techniques used to calculate their
apportionment.

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Basis of allocation (Describe method) Basis of allocation (Describe method)

Basis of allocation (Describe method) Basis of allocation (Describe method)

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Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts (cont) (cont)
Note 19 Debtors and prepayments
Please complete this note if the charity has any debtors
or prepayments.
19.1 Analysis of debtors This year Last year
£ £
Trade debtors -
-
Prepayments and accrued income 33,065.1
8,565.2
Other debtors 1,460.3
1,816.3
Total 34,525.4
10,381.5
Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.
19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)
This year Last year
£ £
Trade debtors -
-
Prepayments and accrued income -
-
Other debtors -
-
-
-
Total
-
-

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CC17a (Excell 1410512023

Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts (cont)

y
Note 20 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.
20.1 Analysis of creditors
Amounts falling due within
one year		 Amounts falli
more than
This year Last year This year
£ £ £
Accruals forgrants payable -
-
-
Bank loans and overdrafts -
-
-
Trade creditors -
-
-
Payments received on account for contracts or
performance-related grants		 -
-
-
Accruals and deferred income 3,762
-
769
Taxation and social security -
-
-
Other creditors -
-
-
Total
3,762
-
769
20.2 Deferred income
Please complete this note if the charity has deferred income.
This year Last
Please explain the reasons why income is deferred. Not Applicable Not Applicable
Movement in deferred income account This year
£
Balance at the start of the reporting period -
Amounts added in current period -
Amounts released to income from previous periods -
Balance at the end of the reporting period -

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ng due after one year Last year £ - - - - - - - - year Last year £ - - - -

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Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts (cont) (cont)
Note 24 Cash at bank and in hand
This year Last year
£ £
Short term cash investments (less than 3 months maturity date) -
-
Short term deposits -
-
Cash at bank and on hand 24,850
42,075
Other -
-
Total 24,850
42,075

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Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 28 Transactions with trustees and relatedparties
If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such
transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are
transactions to report.
28.1 Trustee remuneration and benefits
This year
None of the trustees have been paid any remuneration or received any other benefits from an employment
with their charity or a related entity (True or False)		 FALSE
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any
remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
Name of trustee Legal authority (eg order,
governing document)		 Amounts paid or benefit value
Remuneration Pension
contribution		 Redundancy
(including
loss of office)/
ex gratia		 Other TOTAL
£ £ £ £ £
Roger Foxcroft Approved by Charity
Commission		 2,000
-
-
-		 2,000
Jessica Smith Approved by Charity
Commission		 1,800
-
-
-		 1,800
-
-
-
-		 -
-
-
-
-		 -
Please give details of why remuneration or other employment
benefits were paid.		 Paid positions are created by the trustees for director, musical director and choreographer for
our productions on a regular basis. On these occasions the trustee or related party applied for
the position as part of our usual recruitment process. After consideration (excluding the
affected trustees) it was determined that they were the correct fit for the role on this occasion,
taking into account their experience and training.
Where an ex gratia payment has been made to a trustee, provide
an explanation of the nature of the payment.		 Not Applicable
Lastyear
None of the trustees have been paid any remuneration or received
with their charity or a related entity (True or False)		 any other benefits from an employment TRUE
In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any
remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.
Name of trustee Legal authority (eg order,
governing document)		 Amounts paid or benefit value
Remuneration Pension
contribution		 Redundancy
(including
loss of office)/
ex gratia		 Other TOTAL
£ £ £ £
-
-
-
-		 -
-
-
-
-		 -
-
-
-
-		 -
-
-
-
-		 -
Please give details of why remuneration or other employment
benefits were paid.		 Not Applicable

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Where an ex gratia payment has been made to a trustee, provide
an explanation of the nature of the payment.		 Where an ex gratia payment has been made to a trustee, provide
an explanation of the nature of the payment.		 Where an ex gratia payment has been made to a trustee, provide
an explanation of the nature of the payment.		 Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
28.2 Trustees' expenses
If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there
are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".
No trustee expenses have been incurred (True or False) TRUE
Type of expenses reimbursed This year Last year
£ £
Travel -
-
Subsistence -
-
Accommodation -
-
Other (please specify): -
-
-
-
TOTAL
-
-
Please provide the number of trustees reimbursed for expenses or who had
expenses paid by the charity		 0 0
28.3 Transaction(s) with related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest,
including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box
provided.
This year
There have been no related party transactions in the reporting period (True or False) FALSE
Name of the trustee or
related party		 Relationship
to charity		 Description of the
transaction(s)		 Amount Balance at
period end		 Provision for bad debts
at period end		 Amounts
written off
during
reporting
period
Laura Foxcroft Spouse Payment for Musical
Director Role		 £1,000.00 Not Applicable Not
Applicable
In relation to the transactions above, please provide the terms
and conditions, including any security and the nature of any
payment (consideration) to be provided in settlement.		 Not Applicable
For any related party, please provide details of any guarantees
given or received.		 Not Applicable
Lastyear
There have been no related party transactions in the reporting period (True or False) TRUE
Name of the trustee or
related party		 Relationship
to charity		 Description of the
transaction(s)		 Amount Balance at
period end		 Provision for bad debts
at period end		 Amounts
written off
during
reporting
period
£ £ £ £
Where an ex gratia payment has been made to a trustee, provide
an explanation of the nature of the payment.		 Where an ex gratia payment has been made to a trustee, provide
an explanation of the nature of the payment.		 Where an ex gratia payment has been made to a trustee, provide
an explanation of the nature of the payment.		 Not Applicable Not Applicable Not Applicable Not Applicable Not Applicable
28.2 Trustees' expenses
If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there
are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".
No trustee expenses have been incurred (True or False) TRUE
Type of expenses reimbursed This year Last year
£ £
Travel -
-
Subsistence -
-
Accommodation -
-
Other (please specify): -
-
-
-
TOTAL
-
-
Please provide the number of trustees reimbursed for expenses or who had
expenses paid by the charity		 0 0
28.3 Transaction(s) with related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest,
including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box
provided.
This year
There have been no related party transactions in the reporting period (True or False) FALSE
Name of the trustee or
related party		 Relationship
to charity		 Description of the
transaction(s)		 Amount Balance at
period end		 Provision for bad debts
at period end		 Amounts
written off
during
reporting
period
Laura Foxcroft Spouse Payment for Musical
Director Role		 £1,000.00 Not Applicable Not
Applicable
In relation to the transactions above, please provide the terms
and conditions, including any security and the nature of any
payment (consideration) to be provided in settlement.		 Not Applicable
For any related party, please provide details of any guarantees
given or received.		 Not Applicable
Lastyear
There have been no related party transactions in the reporting period (True or False) TRUE
Name of the trustee or
related party		 Relationship
to charity		 Description of the
transaction(s)		 Amount Balance at
period end		 Provision for bad debts
at period end		 Amounts
written off
during
reporting
period
£ £ £ £

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Not Applicable In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement. Not Applicable For any related party, please provide details of any guarantees given or received.

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Section C Notes to the accounts (cont) Note 29 Additional Disclosures The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet. Not Applicable

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Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts
Note 10 Details of certain items of expenditure
10.1 Fees for examination of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts
and other services provided by your independent examiner. If nothing was paid please
enter '0' in the appropriate box(es).
This year Last year
£ £
Independent examiner’s fees -
-
Assurance services other than audit or independent examination -
-
Tax advisory fees -
-
Other fees (for example: financial advice, consultancy, accountancy services) paid to the
independent examiner		 -
-

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CC17a (Excel) 1410512023

Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts (cont)
Note 14 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
14.1 Cost or valuation
Freehold land &
buildings		 Other land &
buildings		 Plant,
machinery and
motor vehicles		 Fixtures, fittings and
equipment
£ £ £ £
At the beginningof theyear -
-
-
-
Additions -
-
-
-
Revaluations -
-
-
-
Disposals -
-
-
-
Transfers * -
-
-
-
At end of the year -
-
-
-
14.2 Depreciation and impairments
**Basis SL or RB (Straight
Line or Reducing
Balance)		 SL or RB SL or RB SL or RB
** Rate
At beginning of the year -
-
-
-
Disposals -
-
-
-
Depreciation -
-
-
-
Impairment -
-
-
-
Transfers* -
-
-
-
At end of the year -
-
-
-
14.3 Net book value
Net book value at the beginning of the year -
-
-
-
Net book value at the end of the year -
-
-
-
14.4 Impairment
This year: Please provide a description of the events and circumstances that led to the
recognition or reversal of an impairment loss.
Last year: Please provide a description of the events and circumstances that led to the
recognition or reversal of an impairment loss.
14.5 Revaluation
If an accounting policy of revaluation is adopted, pleaseprovide: Thisyear
the effective date of the revaluation
the name of independent valuer, if applicable

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the methods applied and significant assumptions the methods applied and significant assumptions the methods applied and significant assumptions
the carrying amount that would have been recognised had the assets been carried
under the cost model.		 -
14.6 Other disclosures
This year
£
(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed
assets and the capitalisation rate used.		 -
(ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed
assets.		 -
(iii) Details of the existence and carrying amounts of property, plant and equipment to
which the charity has restricted title or that are pledged as security for liabilities.
* The "transfers" row is for movements between fixed asset categories.
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also
rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage a

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2

Total £ - - - - - - SL or RB - - - - - - - - Last year

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3

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4

Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 22 Other disclosures for debtors, creditors and other basic financial instruments
This year Last year
22.1 Please provide information about the significance of
financial instruments (eg. debtors, creditors, investments etc) to
the charity's financial position or performance, for example, the
terms and conditions of loans or the use of hedging to manage
financial risk.
22.2 If the charity has provided financial assets as a form of
security, the carrying amount of the financial assets pledged as
security and the terms and conitions related to its pledge should
be given here.

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CC17a (Excel) 1410512023

Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 26 Events after the end of the reporting period
Please complete this note events (not requiring adjustment to the accounts) have
occurred after the end of the reporting period but before the accounts are
authorised which relate to conditions that arose after the end of the reporting
~~eriod~~
~~p~~
Thisyear Lastyea
Please provide details of the nature of the
event
Provide an estimate of the financial effect of
the event or a statement that such an
estimate cannot be made

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CC17a (Excell 1410512023

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Report to the trust••sl members of Idusical Theatre Stafford On accounts for the year ènd•d 30-.h June 2023 Charity no Irf any) 119S249 Set out on pages I report lo the trustees on my examinatson of the accounls of the above charitv ltthe Trust.) for the year ended 30° June 2023. Rèsponsibilitiès and ￿ the charty truste￿ of the Trust. you are responsible for the preparation basis of r•port of the accounts in accordance with the requirements of the Chanties Act 2011 ( theAct') I report in respett of my examinalion of the Trusts accounts carried out under secton 145 of the 2011 Act and in carying out my examination: I have folloi'ied the applicable Directions aiven by the Charity Commission under secbon 145{51{bl of the Act. I have completed my examination. I confirm that no material matters have come to my attention (other Ihan that disclosed belovJ ') in connection the examinats.on YJhich gives me cause to telieve that in: any material respect. accounting records were not kept in accordance vjith section 130 of the Act or the accounts do not accord ivith the accounts.ng records Independent examiner's statement have no concerns and have come across no other n￿terS in connectton Ivith the examination to ivhich attentson should be drawn in order to enable a proper understanding of the accounts to te reached Please ddete the 1,1 lords in the brackets if they do not 8ppIy. Signed: Date: 2110912023 Namo.. Dionne Anne Baker IER October 2018

Relevant professional qualllleatlon{sl or body (if any): l%qAAT Address.. 28 Redhill Gardens Stone ST15 8BH Op,ly coTrTplete if the exam5ner neeas tc h,'ghlight matters OT concem isee C,-?2: Independent examination of chanty accounts.. directions and guidan￿ for examiners}. IER October 2018

Give herè brief details of any items that the examiner wishes to disclose. IER October 2018