Exeter Little Theatre Company
Trustees’ Report
The trustees present the annual report together with the financial statements of the charity for the year ended 28[th] February 2025.
Following a successful year rebuilding the company after the impact of Covid, Exeter Little Theatre Company has continued to grow its membership, and our Youth Group has almost doubled in size. Our premises have benefitted from a new stairlift (we successfully obtained a grant from the Exeter Chiefs Charity Foundation to assist with this), and we have continued to closely monitor all utilities and outgoings and secure the best deals where possible.
We are able to hire out the premises to other local amateur groups and Exeter College for rehearsals which brings in a regular hire income, and we have also made great efforts to renovate our workshop wardrobe and props departments, which we hope will enable us to help other group with hiring and the sale of set/scenery, props and costumes wherever possible.
Financially the company continues to recoup the losses incurred in previous years, largely due to the restrictions during Covid, and the new committee have made some solid decisions in relation to show titles chosen, the budgets set and the ticket prices agreed upon and, as a result, we have had 3 profitable shows. With close monitoring from Treasurer, Chair and wider committee, we are hopeful the losses will be greatly reduced within the next 2 years.
We have another 3 shows ahead of us with Blackadder: The Elizabethan Years, Kinky Boots (at the Northcott) and our long-awaited return to pantomime with Cinderella in December.
Trustees
Isobel Court – Chair
Tracy Bennellick
Robert Luke
Amanda Doherty
Exeter Little Theatre Company Registered Charity Number 204010
Income and Expenditure for the Year Ended 28 February 2025
| Income Opening Balances as at 1 March 2024 Main Account Gold Account Float Held Interest Membership Youth Group Fees Much Ado About Nothing And Then There Were None Elf The Musical Blackadder Anniversary Ball Wardrobe/set Hire Preston Street Hire Miscellaneous Donations Rose Bowl NODA Awards Social Events Other |
£ Expenditure Much Ado About Nothing And Then There Were None Elf The Musical 8,979.42 Blackadder 50,159.39 Kinky Boots 80.00 Chitty 59,218.81 Anniversary Ball Equipment Purchase 1,229.27 Gas 3,503.11 Electricity 7,706.00 Water 4,220.64 Rates 9,909.18 Broadband/Phone 61,920.54 Cleaning 228.00 Bank Charges 3,417.06 Other – Preston Street 1,840.00 Youth Group 7,205.00 Website and Social Media 0.00 Insurance 100.00 Social Events 718.65 Training 590.00 Miscellaneous 218.65 332.30 Closing Balances as at 28 February 2025 103,138.40 Main Account Gold Account Floats Held 162,357.21 |
£ 2,172.77 5,770.35 44,113.57 2,509.89 3,901.84 3,687.00 5,171.58 15,912.80 1,519.00 3,334.00 424.50 1,118.11 273.55 3,405.27 60.00 1,489.94 5,267.27 502.54 2,679.26 1,454.21 0.00 1,637.99 |
|
|---|---|---|---|
| 106,405.44 | |||
| 3,371.77 52,500.00 80.00 |
|||
| 55,951.77 | |||
| 162,357.21 | |||
| Statement of Assets and Liabilities Main Account Gold Account Floats |
2024/25 £ 3,371.77 52,500.00 80.00 55,951.77 |
2023/24 £ 8,979.42 50,159.39 80.00 |
|
| 59,218.81 | |||
| Reserves Balance at end of 2024/25 Surplus of Receipts |
£ 59,218.81 -3,267.04 55,951.77 |
||
| 55,951.77 |
The above account was approved by the Management Committee on _//__
and signed on their behalf by: ________
Exeter Little Theatre Company
Registered Charity Number 204010
Additional Information for the Year Ended 28 February 2025
| Production Profitability Much Ado And Then There About Nothing Were None Income £ £ Ticket Sales 3,300.00 19,193.00 Other 1,150.64 785.10 Total 4,450.64 19,978.10 Expenditure Theatre Costs 952.00 10,068.92 Performance Rights 0.00 1,584.00 Technical Costs 0.00 1,800.00 Other 1,652.95 4,147.81 Total 2,604.95 17,600.73 Net Profit or Loss 1,845.69 2,377.37 |
Elf The Musical £ 78,848.00 4,119.18 82,967.18 21,730.19 15,138.82 9,643.56 19,472.03 65,984.60 |
|---|---|
| 16,982.58 |
Note:
Profit and loss accounts from our productions will include income and/or expenditure from different accounting years. Therefore totals will not correspond with amounts taken from a single year's accounts.
Tangible Fixed Assets
| Cost At 1 March 2024 At 28 February 2025 Depreciation At 1 March 2024 Charge for the year At 28 February 2025 Net Book Value At 28 February 2025 At 29 February 2024 |
Land and Furniture & Other Totals Buildings Equipment Fixed Assets £ £ £ £ 177,645 7,950 23,573 209,168 |
|---|---|
| 177,645 22,050 23,573 266,548 |
|
| 25,307 5,625 20,357 51,289 3,553 2,464 483 6,500 |
|
| 28,860 8,089 20,840 57,789 |
|
| 148,785 13,961 2,733 165,479 |
|
| 152,338 2,325 3,216 157,879 |
Note:
The value of our Tangible Fixed Assets has been calculated using the same principles as used in our 2021/22 accounts, prepared and audited by Wortham Jaques Limited.
Exeter Little Theatre Company Income & Expenditure Statement for the Year Ended 28th February 2025 I have examined the Financial Statements attached in accordance with recommended practi and can make the following observations. The Exeter Little Theatre Company has had another extremely busy year with income of over £103,000. Although lower than the previous year this is still an exceptional figure. This is mainly due to the amazing success of its productions especially Elf The Musical which brought in a figure of nearly £62,000. It is also encouraging to see a significant increase in Bank Interest and small rises in Membership Subscriptions and Youth Group Fees. There was an increase in Expenditure year on year (some £14,600) but this is to be expected due to the number of productions that were presented throughout the year. In addition there was also a significant increase on Equipment Purchase and the Anniversary Ball costing over £5,100. The cost of Utilities continues to rise and these are expenses that cannot be avoided. Subject to the above, in my opinion from a comprehensive check of the Financial Statements presented, the accounts reflect a true and fair value of The Exeter Little Theatre Company's financial position as at 28th February 2025, showing a strong balance of £55,951.77. Although this is lower than last year the bottom line figure is extremely healthy considering the Company has incurred large expenditure this year. On examining the Financial Statements presented for examination the Treasurer is to be particularly commended on preparing thorough, extensive and exlIentlY prepared paperwork. lan Peters ACMA (ret'd) Examiner 26th June 2025