**REGISTERED CHARITY NUMBER: 1205058**
## **Trustees' Report and Unaudited Financial Statements for the Period Ended 5th April 2024 for**
## **Darlington Community Theatre**
## **Darlington Community Theatre**
**Contents of the Financial Statements for the Period Ended 5th April 2024**
||**Page**|
|---|---|
|**Reference and Administrative details**|1|
|**Trustees Report**|2-3|
|**Statement of Financial Activities**|4|
|**Statement of Financial Position**|5|
|**Notes to the Financial Statements**|6|
## **Darlington Community Theatre**
## **Reference and Administrative details**
## **for the Period Ended 5th April 2024**
**Trustees** Ms L Pattison (appointed 4 July 2023) Ms J Mason (appointed 4 July 2023) Mr P Mason (appointed 4 July 2023) Mr J Pinkney (appointed 4 July 2023) Ms N Broadhurst (appointed 4 July 2023) **Principal Address** 195-199 Northgate Darlington DL1 1UB **Registered Charity Number** 1205058 **Website** www.dctheatre.co.uk
1
## **Darlington Community Theatre**
## **Trustees Report for the Period Ended 5th April 2024**
The trustees present their report with the financial statements of the charity for the period ended 5 April 2024. The trustees have adopted the provisions of 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 2019).
## **Objectives and activities**
The charity exists to advance the education of the public in the Performing Arts by establishing and operating a Community Theatre in Darlington and its surrounding areas.
The theatre hires its facilities to local groups and dance schools, to present productions to the general public.
All trustees read the guidance on public benefit issued by the Charities Commission and considered this when exercising their powers and duties at trustee meetings.
## **Achievement and performance**
## **Review of activities**
As this was the first period since the registering of the charity, finances were predominantly put towards capital expenses to ensure the theatre was a usable space for hire.
A grant of £12,607 was received which enabled fixed assets to be purchased. These assets, plus other repairs, meant that the theatre could be hired out for its first events including a local pantomime, bringing in £2,015 from hire. These events helped to raise further fundraising income of £2,111 from donations and raffles during the shows. These events were successful and have ensured further promotion of the theatre and promise of repeat income for the next financial period. The income from these events has also ensured further works can be carried out on the theatre to make further improvements.
## **Financial Review**
At the end of the period, the charity held £1,892 in cash, and £13,765 in unrestricted reserves. The charity looks to keep its costs to a minimum but due to the initial financial outlay, there is the expectation that these reserves will reduce. The Trustees continue to monitor the financial perfomance regularly, with a view to reviewing what reserves are needed to run the charity year on year, once the inital costs are complete.
## **Going Concern**
After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
2
## **Darlington Community Theatre**
## **Trustees Report (continued)**
**for the Period Ended 5th April 2024**
## **Structure, governance and management**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes a Charitable Incorporated Organisation (CIO).
## **Trustee selection method**
A new Trustee shall be elected by the members at the next Annual, or at a Special, General Meeting of the Society, or at any other Members Meeting, provided that the Secretary has given members a minimum of ten days notice that such an appointment is proposed.
Approved by order of the board of trustees on 2 February 2025 and signed on its behalf by:
Ms J Mason - Trustee
3
## **Darlington Community Theatre**
## **Statement of Financial Activities for the Period Ended 5th April 2024**
## **Period Ending 05.04.2024**
|**Income**
Theatre Hire
Fundraising
Grants received
**Total income**
**Expenses**
Depreciation
Insurance
Repairs & Renewals
**Total expenses**
**Net Income**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total Funds**
**£**
**£**
**£**
2,015
-
2,015
2,111
-
2,111
12,607
-
12,607|
|---|---|
||**16,734**
**-**
**16,734**
963
-
963
471
-
471
1,535
-
1,535|
||**2,969**
**-**
**2,969**|
||**13,765**
**-**
**13,765**|
4
## **Darlington Community Theatre**
## **Statement of Financial Position for the Period Ended 5th April 2024**
|**Notes**
**Fixed Assets**
Fixtures and Fittings
1
**Current Assets**
Cash at bank
**Total Assets**
**Unrestricted funds**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Total Funds**
**£**
**£**
**£**
11,873
-
11,873
1,892
-
1,892
**Period Ending 05.04.2024**|
|---|---|
||**13,765**
**-**
**13,765**|
|||
||**13,765**
**-**
**13,765**|
The financial statements were approved by the Board of Trustees and authorised for issue on 2 February 2025 and were signed on its behalf by:
Ms J Mason - Trustee
5
## **Darlington Community Theatre**
## **Notes to the Financial Statements**
## **for the Period Ended 5th April 2024**
## **1. Tangible fixed assets**
|**Cost**
Additions
**Cost at 5th April 2024**
**Depreciation**
Charge for year
**Depreciation at 5th April 2024**
**Net book value at 5th April 2024**|**Fixtures &**
**Fittings**
**£**
12,836|
|---|---|
||**12,836**
963|
||**963**|
||**11,873**|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life Fixtures and fittings - 15% on straight line
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