DorA&Sign Envebpe ID". 744C789A-D3F14FF7-ATII*(￿ÉI87g REGI TRAR Charity rngistratlon number 214249 Company r¢glstratl¢n number 00268828 (England and Wales) THE LEICESTER DRAMA SOCIETY UMITED TRVSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 JULY 2023 'ICXTV6NL• 2PIOW2024 COMPANIES HOUSE 111 A16 #167 1 Do￿s￿an En¥ek)pe ￿." 744C789￿JF14FF7A7714￿B4CE4679 THE LEICESTER DRAMA SOCIETY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Prof J HaTdirpJ (Treasurer) Mr S Dirk*n$ Ms F Harris Mr M Scott Ms J Caunt Mr J Middleton Mr T Ywng Mr D mo￿@ Ms D Gatenby ￿￿"e$ MSA Sadler (Appointed 30ApiiJ 2023) (Appointed 30 April 2023) {Appointed 26 November 2023) S•nior manag•m•nt MrGMwr MrJBa Ms C Young Secretary Mf D Motre Charity numb•r 214249 Compny numb•r 00268828 Optr•tithg n•m¢ Principal 4ddTrs$ Dover Street Leicester LE16PW Reglstered offict Leicester LE1 6PW Auditors Newby Castleman LLP West Wdlk Buildirrfj 110 Regent Road Le￿$ter LE1 7LT 8ank•ffs CCLA Investrnent Management COIF CharTty Fund 80 Cheapshle London EC2V 6DZ Virgin M 3 Eastgates Leicester LEI 5YA Ewiorth Investment m￿ageMent Limited 9 Bonhill Street London EC2A4PE Dr￿￿81￿ En￿￿pelo.. 744c785A￿3Fl4FF7.A7TI-BCOe84¢EIG79 THE LEICESTER DRAMA SOCIETY LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Soli¢lto Èightman5 LLP Wated¢)o House 71 Princess Road IAÈst L*cester LE16TR DocuSHJn EnwkJpe10'. 744C789A-D3F14FF7-A7714C08B4CE4679 THE LEICESTER DRAMA SOCIETY LIMITED CONTENTS Tru$lees' report Indeptndtnt auditorfs rewl 17-19 Statement of firkinrial acliwbes 20 Balance sheet 21 statement ol cash llows Note$ lo the ffinan¢ial slatements 23-36 Oow&"gn E￿￿)pel0.. 741C789A-D3F14FF7A771.￿oo84cE4679 THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES, REPORT FOR THE YEAR ENDED 31 JULY 2023 The Board of Twstees (the 'Bo8rd"l. who are directors of the charilabk company, has pleasure in submrtting its annual report the audited financkql sL*emerts for year ended 31 July 2023. The financial statements have been prepared n ￿￿dan￿ with the accounting p)lIC￿ set out in note 110 Ihe financial slalements and ¢t￿p￿ wtth the charity's governing document. the Financial Reporting Standard applKable in the United Kingdom and Republ¢ of Ireland IFRS 1021, A￿OUntIng and Reporting by Charit￿$." Statement of Recommended Practu for charbt*s applying FRS 102 12019}. the Charities Act 2011, the Ctjmpanies Act 2006 aftd UK Generally Accepted A¢countin9 Practice. OBJECTIVES AND ACTIVITIES Ob'ectives The objectives and aims ofThe Leicester Drama Society ILDSI areto encourage the study and practice of drama forlhe people of Leicestershi￿ and beyond and lo promote and conduct theatre and musicals. touring shows and educate volunleers in acting and techn￿al theatre skills. These objectNes are Sel out formally in the 9overnin9 document. wh￿h is rts Memorandum and ofAssocialion. LDS aims lo achieve rts ot¥'ectNes by: presenting a broad range of producti¢￿$.. offering opportunttY&s to a broad range of people to bec￿ involved in all aspects of theatre., providing facilit￿$ for amateur and professp)nals to present their productions, enabling people of all ch8raeterislies to WO￿ together in Iheatre and lo produce shows. LDS owns and operates The Lillle Theatre (the "Theatre") in Leicester cty centre and it promotes producltons and events using that name. Activrties The Board has planned ils a￿&v11￿ for the year s￿h th* a programme of theatre is presented lo appeal to a broad aul*￿e. Particular regard is grwen lo affordable ticket prices. access and audignce deVelop￿￿nt through a range of lickel sthemes. Careful consideral•)n is also gwen lo Ihe accessibilty of the Theatre wrth free art exhibitions and, as part of the Connecth)ns new wthibers. evenings. open days and backstage tours. Membership of the LDS is free in the first year of joirbing lo encourage members, and acting and technical Ihealrical training are also available to members. The LDS presents ils own programme of sh¢)ws. and also hires the Theatre lo other musical and drama societies. who we like to call our extended family. as well as touring companies. LDS also develops theatre skills of youn9 peop￿ through the LDS Youth Theatre. The LDS seeks lo develop new members, knvwledge of theatres. enwurage new audiences lo see theatre and events, and deepen engagemenl through its actors. workshcp and improvisation programme. We also encourage creative theatre and LDS orKe again hosted heats of the AlkEThJland Drarna Feslival. Docusign En￿10￿ KJ.. 714c78￿￿3FI4FF7-A771-￿84¢E467$ THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 A huge wntn"bulion as ever was made by the 394 current LDS member volunteers which enable the Society lo deliver excrting theatre ranging from directing, ackn"ng. fronl-of-house and creative lo techn￿37 support across all areas ofthe theatre throughoul the year. We also very much appreciate the valuable contributions made by our hard-working staff. LDS is a communty and we wish lo akn take this opportunty to thank all of our audiences. visitors and extended 'knily who regulaty contribute to the activit￿$. well-being and upkeep of our Theatre, tK)th crealivety and financk4ty. Our main income is from licket sales for our performances and we do not recewe any reguLgr funding or grants for our aclNities. Donations from supporters are always very gralefulty Tecewed and this year we wish to particularly Ihank Mrs Jean Tu4vnsend and The Alan Jean Gaylon Trust for a very generous dOnat￿n of £50,0(X) wh￿h will go tTh¥ards future work on our buildiThJs. Jean and Alon were very a¢tNe merrthrs for many years and we very much aPp￿￿te Jean's C¢￿tinUed support. Public 8enefrt Slalemenl The trustees confirn that they have referred lo the guKlance contained in the Charty Commission's general guidance on publ￿ ber*fit when reviwng the ch¥ity's aims and objedives. CHIEVEMENTS AND PERFORMANC Produc ions 101* Season 2022-23 We arg proud lo report on the ¢enlenary year for the Leicester Drana SGriety which was the second yéar of recovery after being closed durirvj the COVID pandem￿ and in common wrth many other theatres attendance al Ihe Little Theatre has c{￿lin￿ed to buikl up as audiertes gradually return. As in previous years. our production year runs from September to earty J￿Y wth the ck)sed season in July andAugust being used prinarityto undert*e roLrtine maintenanee ofstsge and IKJhling equipment. LDS staged its own season of 11 pL7ys plus a Pantomime and a Youth Theatre prOductic￿ in ils 349- seat Main Fh)use as listed in Table 1. LDS also hired the Main House of the Little Thealre to our extended family of Musical Societies, with whom we have long-standing working relalionshps {see Tab￿ 21. Theatre hi￿ is managed by our Facilits"es Trustee and team. We also hosted special events ir￿lUding fundraisers and touring product￿n$ as listed in Table 3. Our thanks go to Andy Crooks for his continuing efforts in arranging these evertts. As the following tables show our average audience size has ￿ntInued lo recover and has grown subslanlially lo 61Qh during this. our 2nd season since COVID ¢lo$ures. The steady recovery is very pleasing and reassuring bul c8Ution is ￿9￿[red as audience sizes are still bwer than the average of 78% which was achieved in 2018-19 (immedi*dy before COVID). The labk$ show that most LDS produth.ons li.e. plays) seem lo be impacted with hJver audience numbers than those xhieved by a number of the musicals staged by k>cal soc*t*s in the extended family of LDS and Specials from touring companie$. THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 JULY 2023 Table I: Main Ho￿8 Productions: 101st Season (2022Q31 Op¢oing Prody¢iio Author(s1 Night P•rforman¢•s Att¢ndan¢• Aud*nce Blxk Coffee The Shape c4 Thin habelwl Order Mthel F Entertaining Mi J¢x Orton S￿ane A￿ddin E(Jucalin The YoTk Realist room Fartè The Ra*way Ch1kJreTr J￿ets and the Gk8nt Peach Home I'm Dadin ncers Rernix Shakespeare in A atha Christ Nwl LaBute 1.987 81% 30c122 24 Oct 22 14 Nov 22 47% 46% 15Det22 23 Jan 23 6Feb23 Smar23 31 Mar 23 Jthn Bale Russdl Pete[ Glll AlanA ¢kboum Juban ￿￿10rd. John Roatd Dahl 24 8,052 57° 27% 58% 58% 1.416 2.414 12 28 Apr 23 704 67'A Laura Wade John Gc4Jber Mwc N(xman. Ttrn Slo TOTAL 1.326 2Jun23 3Ju123 1,223 109 23,249 17.241 61% 202142 TOTAL 104 Ha No perfor￿ tc¢* ptxe ￿ the Ha￿ stud￿ dury the year. Friends of LDS.. Visrtin Drama Societ*s & Fundraise¥s LDS hujhty values rts frEnds >n other Ixal amateur drama 3nd oper* S¢£*￿5 and yodu¢tv) tn PToducth?ns Thef¢lk)wing 5hort.run specBI evertsand prC4J￿tionswerehe￿l inthe main houseoflhe'Lrttle' during theyear. Docusign En%%lcye ID.. 744C789A-D3F14FF7-A771-8COB84CE4679 THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Table 3: Speclal Events and Touring Productions: 1iJ151 Season 2022-231 Date Productlon Performanc0$ Tickets Sold Audl•nce % 30 0¢122 1Nov22 2Nov22 3Nov22 4Nov22 18 Nov 22 14 Jan 23 14 Feb 23 17 Feb 23 18 Feb 23 19 Feb 23 21 Feb 23 24 Feb 23 Tom jones￿1¥15 Pres Slo Sle toe & Son Radio Show Nelly-A Folk Musical (Stud￿) Soul Train Three Men in a Boat His Wa Frank Sinatra Sto The Same Faces Jersey Beats. O a Nrtel LGS Bi Band Murder She Didn't Wrrte Searchers & HollTres Ex rience U9￿ Duckling & Other Stor Mar¢el Lucont's Cabaret Fantasbque The Queen St Bilty Fury Meets Efvis Presle Funn Girls on Tour Green Matthews Histo of Musi Ceri Dupree Back to the Rhinestone Top Secret Them ic of Sc￿nee Nick Cope Famity Concert Very Be51 of Tomm Cocyr Cilla & The Swin in Sixties Geor e Harrison Pr Old Time MUS￿ Hall Soul Train Sooty End-of YearAwards 209 113 600 32¥. 87% 95° 51Y. 32% 31% 710 331 179 110 109 494 257 302 172 87 87% 22% 5Feb23 1May23 3May23 4May23 319 190 155 57 910 54./0 44% 160 5May23 453 43% 30 May 23 271 78% 31 May 23 3Jun23 14 Jul 23 336 63 339 48Y 18V 97% 15Ju123 1 Ju123 7Ju123 27 Jul 23 339 702 331 217 6.238 3.113 970 67V 95% 620 TOTAL TOTAL 32 16 2021-22 Table 4: Total Perfomwnces & Seats Sold by Origin: 101" Season12022-231 Origin of Production 'Perforniances 121122 iri br•¢kets) 1091104) 010} 38127) 32116) 179 {14n Seats Sold % change 121122 in bra¢ketsl 23.249117,2411 +350A 0101 8.811 15,712) 6,238 {3,113) 38.298126.0661 +47• LOS Main House Prc4Jucli￿s LDS stud￿ Productions Friends of LDS.. Visiting Society & Fundraisers Special Events, and Toumg Productions +54(A+ +100• TOTAL DorJJ&JTh En¥dop8 ID.. 744C78W03F14FF7.A771.BC08B4CE4679 THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Youth Theat Follcwing the Teeruitment of our new Youth Theatre Leajer. Andy Longley 8fown and Deputy Youth Theatre Leader. Kate Maclntyre. the Society'5 Youth Theatre groups for both Seniors 112-181 and Juniors (&11) continue lo meet on Saturday momings during School term lime, wrth workslKJPS working on key acting skils. In the Spring term the Senior and Junior groups worked toward5 a prtrjuclion of James and the Giant Pexh which played in the main house for three perf0M￿nCeS. Both groups benefrted from being in a main house produ¢licJn thi8 year t￿ke1 sales were high for the run. Both groups also produced a showcase for family and friends in the stud￿ Theatre during the $L￿MeT term. The Youth Theatre conkn.nued to offer in depth training to young performers that developed their skills and imaginations. Youth Theatre members are also encouraJed lo auditi.on for children's parts in the Adutt S¢xiety's other pr¢xluctions, and some were invofved in Shakespeare in Love in the main house during the summer term and registered interest for rdes in other shTh¥s schedukd for Season 2023124. Our man ralin teams and their vduntee We wish lo extend a huge thank you to our many volunteers who have seen us through the difficu reopening period following COVID and have tsken cffl many additK)nal volunteer roles since the lockdowns enabling us lo rebuitd our full range of activit￿ and keep our theatre funning. INhilsl those directly involved in productions are regulaTty credited in 5hryw programmes. we detsil kesow those who Work behind the scenes that many of our avdiences are Urtawa￿ of. but who a￿ just as vital lo the Continuing 5uceess of LDS and the Litlle Theatre. This section high1￿hts the important work that they do in keepin9 the Theatre runnmig and supporting our buikling. shows and our aud*nces. Preduclions Our thanks go to those volunleers who worked on the Productions operating team lo plan LDS productions through the year. In additKin to Joe mKId￿lon {Productions Trustee) the team included Russell Hughes, Jenny Page. Jade Affld(. Alex Thompson, PAary Jayne Harding Scott Simon Butler and Doreen Woolley. FacilrtK•S The F￿ll*tIeS Tewn, 1gJ by Facibt￿s Truslee. Martin Scott, has conbnued the drive to return our buildings and systems to ¢cYnpliance wrth a whole range of regulations and requirements. Our rehearsal rooms at 52 Albion St now have a safe and certified electrical system. The redundant trrt)iler has gone from the garage and we continue to create valuable storage space for furniture in rt$ place. We have now achieved more than 30% of our general lighting across our estate, teing powered by LED sources which both reduces maintenance a¢tNty and running costs. The audience lift ha$ had a checkefed year, we have changed our service provvjer and at lasl, a￿ getting to the bottom of long-standing issues. Many specialist visrts to the heating and cwling system have marginalfy improved performance bul the system remain5 inadequate lo meet our need5. We are putting in place small temporary improvernenls and are explc¥ing altemative scAul*)ns lo this fundwnentsl set of problern5. The Faeihties Team continued to work diligenlty throughout the year with.. lan Connor leadin9 on Ernergency L￿￿1￿¥￿, General Lighting and Alam systems arKI 52 Abion Sl. &"mon Entsvislle leading DovJS¥Jn En¥eSJFe ID.. 74lc789￿D3Fl4FF7-A77l-Bc￿B1cE4679 THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 on Lffting Equipment and general lopKs. (hven Lee leading on sens￿5. measurement and recording, d Tim Neville bein9 our chairpersm and ￿adIng on IT. Rob Mullins continues to be a cntical part of our extended team and has his eyes and ears open to everything connected wrth our building. We are most grateful for his supwt. Front of H¢)use FOH Our FOH volunteers are cc*)rdinated by Fran Harris. our FOH Trustee. It has been a Suc￿ssfUl and rewarding year with e￿ellent feedba¢k from our audience members which is a credil to OUT many front of house volunteers. Sadly we have lost some FOH staff due to illness or injury but fortunatety we have gained several newcomers from the regukir new members Connections eveniThJs. New volunteers can be quickly inlegraled into the FOH teams and they receive full training from Fran and the FOH managets. This year, the cloakrocffl in the ILY•¥er fcyer has been converted into a staff rcM)m for FOH volunteers and rolas for forthcoming shcyws al￿ pantom¥ne are displayed there fcff the conveni8n¢e of the teams. The service provided by FOH volunteers 15 greatly appreck*ed by our audiences. FOH teams also keep visitors aware of forthcoming shows by giving out as many fliers as possible lthen the audience are leaving so that they are kept upto date with inf0miat1￿ aboLrt all perfomiances atThe Little Theatre. Our thanks go to the 43 ￿lUnteerS who Wofked on thè Ffonl-of-Hou5e teams through the year. In addition to Frances HarTiS as Front￿*10USe Trustee, FOH volunteers were". Sarah Allan Lance Huggett HiL4ry Sanders Rose Askham Te￿a Jone5 Isabelle Shamian Lynne Audley June Kennell Oana Simons Mike Batho Trish Kenyon lan Simons Jo Cwn ison Levy He￿n Skemp Jackie Caunt N￿k McDonald Elvzabeth Spendk)ve Geri Cawrey Sue Morrel Mary Slurgess Hilary Cooper Helen Musson David Taybr Sam Cooper Robert Parry Pat Thompson Barbara Corker Diwya Patel Kay Thompson Kerry Cubin Grace Philips Maureen Vinee Hazel Curtis Jeanette Robinson Helena Wesl Linda Gi)ode Janet Robinson Val Westbrook michel￿ Haloran Peter Robinson Kathy Imlliamson Teresa Heaps Our thanks also go to the 52 vdunteers who served our aL￿JienceS behind the Bar through the year who were". Amy Becker Ross Cathirwjhl Becca Cross-collins Aiden Davis Mrinmoy Deka Ollie Draper Rxhel Draper Teresa Jone$ Bob Parry H￿tor Julty) Castro Aarti Patel Paul Large Chet Patel Kat Lenthall DTvya Patel i Levy R￿hard Payton Calum Lu& Grace Phillips Samantha me¥h￿ R¢)berts Tom Preston Doc￿81&￿ En4*lop8 ID.. 744C78W3F14FF7A771-BCOWCE4679 THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Andrew Fiol Grah*n Muir Lisa Foster OINia Morrisey Diani Galenby-Davies Charles Moss Kane Gray charl￿ Mullins Jordan Handford Charlene Munday Jenny Harding Diane Murphy Mary Jayne Harding Scdt Palas Musmaq Sarah Higgs Richard O'connor Tim H(yarth-Jones Liz Kavanagh Knott Darkgnne Hoyen-chung Steffi Part(er Ken Huggett Tiisha Parker Btrjlah Sell Helen Skemp Izzy Skemp Caitlin Slrommen Mary Slurgess Luke Taylor Ella Thomson Val We$tbrfx)k Carotyn Young Costume Hire The Costume HI￿ Department. located in premTrses owned by the S¢xiety in Albion Street dosed lo the publ￿ on 17th March 2020 and ha5 remair& Closed since. Despite this dosure. to his Credit. the Head of Coslurnes. John B*, has managed to eam LDS some £4,690 in Costume hire fees. Marketin Marketing has been a key focus for the theat￿ thi8 year. as we have sought to n￿demiSe our public face, and seek (YA new audiènees. While we continue lo buikl back from COVID. we have not been shy about exploring new rn8rkeb.ng channds. 7*hile enh*King our existiig output Our Marketing Trustee Tom Young and a primary change this year has been to hire a local marketing company to assist our efforts. Cross Prc*JuclKJns assist with sc£ial media and handle all of our design work for print and digitsl arthrk. They have also supported on fundraising efforts, and produce our members. newsletter, s￿ne {Ihe edrtor of which. Kerry Smith. is both a Cross Productions employee and a member of LDS and varKJus operatK SOC*t￿s1. Our staple pubh'¢atM remains our six-monthty brochures. typicalty seeing 10,000 copies distributed aeross the county in shops, ￿$taUrantS, ra1￿Y stations and mo￿, aswell as an additp)n815.000 copies lo our mailing lisl of consenting audience members. An add￿Onal 5.1)00 c¢Jpies of our m¢)sl recent brochure (Autumnl￿nIer 2023-24) were placed insK4e every ¢opy of Niche M8gazine's summer issue, whtch featured the theatre as its cover story. These were distributed across the county in hotels. office complexes. and more. Elsewhe￿, we have made use of a dwJital billLwaTd in Rushey Mead. another at the Tom Jones concert at Leicestershire County Cricket Ground (reaching an aud￿nce of 10,0001. We had a printed hoarding at Leicester Ice Rink lo promote our pantomime and Easter musical. and have placed adverts in various publications such as Primary fimes and Leicester Mercury. hile previously we had one W*4ver for exh show, this year we have ertlraced a whole pool of exlernal revtewers. This encourage$ word of mouth referrals and delrvers some wonderful feedbxk on our shth¥s. Finalty, everything we do al The Lrttle T￿atre is ab￿rt communty. To that end. we have made a onscious effort to aclivety promote the members of our extended family-our selection of local amateur operatic se¢let￿$ - gong out of our way to show¢a$e thwr produth"ons, support our uNn￿nty and help present a we1140unded. conlemporary pfogramme. Docusiw Er￿￿p￿10.. 744C789A-D3F14FF7-A7714CO8BICE4679 THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 It has been hard work. but we are delighted to reptht that our average audier¢e percentage was 62% across the season, up frcffl 55% the pTevious year. This is an undeniabty posrtNe improvement. but we consider rt a foundation lo build on with pknty more work to do in the coming year Box Office Many members work during the day in the theatre offKe. supporting Graham Muir, our T￿atre Manager and Carolyn Young. our Deputy Theatre Manager. This year. we have akn prOv￿ed a t<•X office service in the main foyer, prior to each performa)ce. This has been achieve(I by the efforts of the following 14 members who we wish lo thank.. Richard Awdry Teresa Jones Jo Mugglelon Grace Phillips Beulah Sell Jack￿ Caunt OINia Morrisey Helen Mu$son Jeanette Robertson Pat Thompson Mary Jones Sue Morrell Steffi Parker Pauline Rctjertson Membershi Membership of the Srxiety increased overthe year frorn 375 on 31* Juty 2022 to 394 on 31* Juty 2023. Membership of LOS offer5 a wide Tange of ¢)pp0rtunil￿$, on $tsge. ￿kstage, front of house and in committee and administfation work. Vk offer free membership to new volunteers for the first year to gve them lime to find their interests and to decide whether membership of LDS is right for them. During this year. 128 new members joined using the firsl-year free ff*mber5hip opti¢)n, they were all eonlacted through our successful Connections evenings {organised by tyjr n*mbetship team) and by ￿￿11. Regrettabty we also lose members each year for a wvje range of reawn$. During Ihis year, 131 memberships have lapsed. The membership team is leJ ended 31 Juty 2024 which incorporate the above Measures. Based on these forecasts. the trustees are of the opin*)n that the charity will continue operating foi at lea5112 month$ from the date of approval of these financial stalemenls. On this basis, the trustees consider il appropriate to prepare tre financial slalements on the going concern basis. Reserves As is the policy. shvI￿ are chosen to maintain a level of iKJx crffKe irKome sufficient. wth proffts from ancillary aclivilies. lo cover running costs and maintain the infrastrudure of the prémises. Any surplus is used to finance improvements OT buikl reserves. Cash reserves are kept at a prudent level for unpjanned contingencies. It is the long-tem policy of the board of Iruslees lo maintain free reserves (Unrestr￿ed funds less tangible fixed assets less amounts held in designated funds) at approximately £120,000 lo cover salaries and core operational costs based on a >month period_ At 31 July 2023, unrestricted reserves excluding fixed assets and arrK*unt5 held in designated lunds. which are freety available for the charty to use, totalled £217.718 {2022- £138.8541. The chanty's reserves increased in this period due to light st management. The addttional reserves are intended to be used as a Mnlingen¢y for fuluie capilal maintenance ￿$1$. 10- DocuSi9fi En¥dcpe ID.. 744C789A￿3F14FF7￿71l-8cO8O4CE￿67g THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Investrrtnl Pu The Scciety wntinues lo invest in interest bearing accounts with the aim of maximi$ing interest eamed balanced against investment risk. Accounts are currenty held in lthy-risk funds with the CCLA COIF Charrties Investmenl Fund and the Charty A*J Foundation. al Risks and Uncertainli The Trustees have identrfied and reviewed the major risks to whith the society is exposed and documented these in a c(Xnp￿he￿sIYe risk register. The Twslees have adopted the risk regi$ler as part of their risk management strategy and have established systems and procedures lo M￿"gate the risks 4entified in the rL%k register. The COVID pandemTC is still consKlered to be a principal rtsk to the charty because the general publi ¢ontinue$ to Tem8in cau11￿$ in atlending Indo￿ events due to the prevalence of the viru5. The Truslees are mindful of their duty of care towards Ihe Swety's employees and its many vO￿nteer members. The Society has in pl&e Sickness Absence. Equal Opportuni1￿S, Harassment l Bullying. Health & Safety, Retirement. WThi$tleblw"ng. Data ProtedKsn and Working Alone Policies. 11 also has Capabilty, Grievance and Disciplinary Procedures. DI￿lPI1nary Rules and Pdicy Statements on the Recruitment of Ex-offenders and on the Secure Storage. Handlirvj. Use, Retention and Disposal of Discthures and Disthsure Inform*iC￿. As part of the S￿Iety's Commitn￿nt to safeguard and prcrfnote the welfare of children, young people and vulnerable inv¢)Ived In rts aclivrties, rt has in place a Child Proteclh)n Policy and a on the Protectson of Vulnerable Adutts. The Trustees have also issued GU￿elIneS on Appropriate Contact and Instruct￿nS on Managing Behaviour and Acceptable Resliaint. Discbsure and Barring Serv￿8 hecks are required for those wtho work wlh children on the Society'5 behèll. The Society's policies and pr￿edureS together with the Te￿$ and Condrtions of Employment are reviewed annually by the Trustees lo ensure that the provisNJns of them continue to meet the Society's legal obligations and rellecl best pr￿l￿e. The Society is a member of the Lthle Theatre Guild of Great B¥itain which provide$ advice, training epportunrties for members. and nat￿n￿ and f(￿1 conL*ts within the entertainment industry. The Society takes advu from Legal and Professional extemal bod￿ when appropriate. PLANS F R THE FUTURE LDS ha$ a full range of activities and rts artistic programme together wrth prc24 has already been published and audiences a￿ booking these already. We are ¢onlinuing lo work on increasing audience numbeTS back to pre-covid ￿v￿S. LDS will aso continue with its capital maInten￿e and development programme and continue lo seek funding to enable ddNery. DorJJS*n Efivew ID." 744C789A-D3F14FF7A771.8CO884CE4679 THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 TRUCTURE GOVERNANCE AND PAANAGEMENT The is a leading amateur dwa ¢yganisatwi. tt is a co￿1>ary limrtfjd by guarantee and registered charity. tt was founded in 1922 and incwiorated in September 1932. It is govemed by ils Memorandum and Artdes ofAssoc1at￿. rd & Senior The Board is the unpaby goveming body of the Sttiety. 11 en$ur8S that Society's work remains of the highest quality. and th* il is managed and ¢ost4ffeclivety. Board members are both directors of the company and ¢harty trustees and under Company and charity law are responsible for p)licy. adminislratK)n and general control_ The Board delegates the daY-￿daY management of the Society lo Oper*ing Teams and staff wh￿h i￿ll￿d.. Mr Graham Muir, Theatre Manager Ms Carotyn Young. Oeputy Theatre M•ager Mr John Bale. Head of Wardrobe Duriro the year, the Board met 11 limes to ensure tw were maintsining effective control over slfategic. financial. organisational and ¢(￿PIlanCe i55ue5. Board Membershi Twslees serve an inrtial lemi of three years. may be re-elecled f(* a secon¢J lemi of up to three years. Ncminalions for such ofthe roles as are due for eleCt￿)n sought prK)r lo ea¢hAnnual General Meeting {AGM). An ekth'on lake5 place at the AGM. Anyone can become a menknr of the Swiety and acquire the nght lo vote at AGMS. Details relating lo membership are sel out in the Byelaws_ The liability of the members is limf(ed lo a guarantee of an amount not exceeding £1 per member in the event of an insofvenl wnding-up of the Society. Trustee5 who served during the year are I￿18￿￿ in Tabb 5. Table 5: Tfusttes R•tifvs Honorary se¢￿ta Honofary Treasurer Mrs M Jones Prof J Hardrng Iresw 19th March 2023} 2025 Company Secretary Mr D Moore (COW as Trustee 30th Awij 20231 2025 Trustee for Productions Mr J Middkton 2025 Trustee for Marketsng and Outreach MrTYouThJ 2025 Trustee for OLrtreach MSA Sajler IcovCPted 30° April 2023. resvjned 20th Septernber 20231 Trustee for Faalrtie5 Mrm Scott 2025 Trustee for Membership Techn￿al Trustee and Chaimian Ms J Caunl 2025 Mr A Ciooks Ire5trJned 19m Marth 20231 Trustee for Fronl-of-House Ms F Harris {r￿1￿Cle(j 19th Marth 20231 2026 Trustee with iesponsibilrty for Studio Mr R Hughes {reS￿ned 19b Marth 20231 12- DorJJS¥n Envelppe10.. 744C789A-D3F14FF7A7714CO884CE4679 THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES, REPORT {CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Tiuslee with re5pon5ibilrty for Studio Ms J T¢)wers lelethd 19th March 2023. resi9￿ 11fft June 20231 Trustee without $pe¢ific responsibilty and Honora s￿rets Mr S Dickens 2025 Twstse without special responsibilty Ms D Gatenty Davies Icwted W Alml 20231 2024 All new Trustees have access Ivra MS Teams and the Websrte) to the Society's Trustee Handbook omprising the Memorandum and Articles ofAssoctalion and other key dctuments. There is a formal 'Rdes of the Trustees and Operating Teams, dccument that sets out what the Society rtself expects of Trustees. Trustees are currentty drawn onty from the mernber5hip. As such they will be familiar wrth the S¢xiety and are likety to have been invofved with the Society for many years. The Board encouT8ges Trustees to familiarise themselves %wlh aspects of the organisation that they may not know so well, in particuL2r the roles of the pefmanenl staff. Al the March 2023 AGM. LDS members ￿￿￿1¥ed and approved a new Code of Conduct. The Code clarffies for all members. staff, visrting soc*ties and touring prce (John Bale) Total Table 6lbl'. Employees- at the end of the financial year Ful time Part- time FUl￿time equivalents Administratlve & Box Office staff Theatre Manager (Gfaham Muirl Deputy Theatre Manager ICaTotyn Young) Caretaker l Handyman {Robert Mullins) Production Staff Costume Designer & Head of Wardrcth (John Bale) Youth Theatre Staff Youth Theatre Leader {Andy Longley Brvmn) Youth Theatre Deputy Leader (Kate Maclntyre} Total Freelance staff Table 7: Freelance staff Gemma Greaves (Scenic Despaner) Matt Sykes Hooban (Scenic DesKJnerl Phil Newman (Scenpc Designer) Jacob Martin (Scenic Des￿ne[} Lynsey Reilly Iscenic Artistl Dave Towers (Stage Carpenlerl David Cross (General Audition Nlbrkshop) Caroline ￿1$h Ichoreographer) 14- Dowsign Envdope ID". 7I4C789A-03F14FF7A7714C08BKE4679 THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Paul fimms (Musical Diredor) Mary Jayne Harding Scott (YT cover) The Society also needs the hard work. enthusiasm and dedtstion of a large numter of members rf rt is to continue lo Ihfive. The Sctiety's Main House prtrjuclions commonty invofve over 90 members of the SocEty. These include director, cast. stage crew. prornpters, wardrobe. lighting crew, sound Crew. wardrobe, front of house, bar and box Off￿ staff. Society members also support studio productions, special events arKt fundraisers. SocÈty members a￿ also busy wth a vafftty of tasks which help with the management and organisation of a busy venue and with recTUrting, retaining training and encouraging new members of the Society. The Society has about 394 members, and many contribute to the work of or three of the Theatre's 'departments'. during daytime or evenirBJs. STATEMETrrr OF TRUSTEES. RESPONSIBILMES The trustees Iwho are also direclots ol The Leicester Drama Society Limite(I f¢x the purposes of company lawl are responsible for preparing Ihe Trustees. Report and the financial statements in accordance with appI￿able law and Un(¢ed ￿ngdoMA¢¢0Untin9 Stsnd¥ds IUnf(ed Kingdom Generally Accepted AC￿LIntIng Praclicel. Company law requires the trustees to prepare financial ststemgnls for e￿h financial year. Under company law the trustees must not approve the financial statements un￿sS they are satisfied that they give a Irug and fair view of the slate of affairs of the chari￿le company and of the incoming resources and application of resources, including the income an¢J expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required lo.. select suitable a¢countiNJ pol¢ies and then apply them w7$iStentty'. observe the methods and princip￿$ in the Charilies SORP 2019 {FRS 102)" make judgements and esbmales Ihal a￿ reasonab￿ and prudent., state whether applicable UK A¢¢ounting Stsndards have been followed. subj'ect lo any material departures disclosed and explained in the finan¢wl statements.. p￿pa￿ the financial staterr*nts on the going concern basis unkss li inappropriale to presume that the charitsble company wll Contin￿ in Operat￿n. The Iruslees are responsible for keeping adequate accounting records that diselose with reasonable curacy at any time the financial poSit￿n of the charitable company and enable them lo ensure that the financ￿1 stslemenls comply with the Compan￿5 Act 2006. They are also responsible for safeguar(ling the assets of the charrtable company and hence for taking reasonabbe steps for the evention aTrJ detection of fraud and other irregulankn"es. In so far as the Iruslees are aware.. there is no relevant audit inf0M)ati￿ of Wfft￿h the charitable company's audilor is unaware.. and the trustees have taken all steps th* they ought to have taken lo make themselves aware of any relevant audrt information and lo establish that the auditor is a4¥are of that infomialion. 15- 00w&'￿ ErNel¢pi ID.. 714C789￿￿l4FF7￿771.8C0e84CE467g THE LEICESTER DRAMA SOCIETY LIMITED TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Auditors A resoluti¢)n for the reappointment of Ne4vby Castleman LLP as wdriors of the company will be proposed al the forthcoming Annual General Meeting. Funds held as Custodian truste• The ch*ity and rts Irustees are not &tin9 as custodian twstees. This report has been prepare41 in ac￿rdanCe with the special provisions relating lo small rnmpantes thin Part 15 of the CompaniesAet 2006. QAWI Prof J Harding IT￿asU￿r) Trustee Mr D Mocrfe Trustee 31-01-2024 On behalf of Ihe Board of Trustees 16- DoeJJSign Envdcpe ID.. 744c789A-D3F14FF74771￿oS84CEI679 THE LEICESTER DRAMA SOCIETY LIMITED INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE LEICESTER DRAMA SOCIETY LIMITED Opinion We have audited Ihe financial stalements of The Leicesler Drama Sw"ety Limrted (the 'charitable o)mpany'l lor the year ended 31 Juty 2023 whth comprise the Stalement of Financ¢al Acliwtses. the Balance Sheet. the Siatèmènt ol Cash Flows and Ihe notes to the accounts, induding a summary of signrficanl accounting policies. Tlp financial reporting framework that has been applied in their preparation is applicable law and United Kingdom A¢¢ounling Standards, induding FRS 102 The Financial Reporting Standard applicable in the UK and Republi¢ of Ir818nd Iunited Kingdom GenerallyAccepted AccoLmting Pract*21. In our opw)ion Ihe finaxial statements.. give a true and fair ￿eW of the slate of Ihe charitable company's affairs as al 31 July 2023 and of ils incoming resources and application of resources. induding tts income and expendrture. for Ihe yèar Ihen ended., have beèn property prepared in ￿COrdanCe with United lfjngdom Generally Accepted Accounting PracticE' and have been prepared in accordance wilh the reqwrements of the Compan*sAct 21JO6. Basis for opinion We conducted our audit in a¢cor*Jar)ce wrth Intemational Stsndards on Audiiing (UK) {ISAs IUK)) and applicable law. Our respgnsibililies under those stsndarils are further described in the Auditorfs responsibilth'es for the audit of the finan¢ial statemènts secb'on rjf our report. IA* are independent of the charitable company in acccTdance wth the ethieal requirements that are rÈlÈvant to our audrt of the financknil stalements in the UK. including the FRC s Ethical Standard, and we have fulfilleil our othèr ethical reSponsi￿.1rtIeS in accordance with Ihese requI￿rne￿IS. We befieve that th& audit e￿￿enCe we have obtsined is suffiaenl and appropriate to prowde a basis for our opinion. Conelusions relatlng to going eoneÈm In audits'ng the finanrial slalements. we have conduded ihal the truslee$' of the going wi¢MI basi$ of ¥¢¢ounting in the preparolK)n oflhe finawal stslemtrnts is appropn8te. Based on the wotk we have perforned. we have not identrfied any material un¢ertainlie$ relating to events or onditi'ons that. individualty or c(Alectivety. may ra$1 significant doubl on Ihe chafitable cgmpany$ ability to conlTrnue as a going con¢em fof a pèriod of al least twelvè months from w￿tt finanaal Stslemènts are authorised for issue. Our responsibilitres and Ihe responsibilities of the truste￿ wth re$ped to going ¢on¢em are described in Ihe relevant 5ectws (If this reF)O Other inftsmiation The olher infomiation ￿rnprises the information induded in the trustees. repwl, Other than the financial slatements and our auditor's rewt thereon. The injstees are Tesponstble for the other informats.on contained wilhin the trustees. report. Our opinion on Ihe financkal statements does r￿t cover Ihe other information and. exr£pt lo the e￿ent othe￿Ise expliutty slated in our report. we do not express any forn) ofassurance CO￿lus￿n thereon. Our responsibility is to read the other infom)ation and, in doing so, Cl￿S￿jer whether the other information is matefially inconsistent wrth the finanaal statements or our knth￿edge obtained in the course of the audit or olherwise appears to be Maleri￿ty misslated. W we hlenb.fy such malerial inconsislenaes or appa￿t material misstatements, we are required lo detemine whether this gNes rise to a matersal missialement in the finan¢ial statements themsèlves. If, based on Ihe work we have performed. we conclude thal there ts a malerial misstalèmènt ol this other infomiation. WÈ ale rewired to rèport that f We have nothing io repty1 in this Tegard. ?7- DocuSi9n K).. 741c789A￿14FF7.A7Tl.Bc0884CÉI679 THE LEICESTER DRAMA SOCIETY LIMITED INOEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LEICESTER DRAMA SOCIETY LIMITED Matter¥ on Twhich are required to r•port ty exceplion We have nothing to f¢POrt in respect of the fdlowing matters in relation to whth the Chant￿S {Accounts and Reports) Règulations 2008 require us to report to you if, in our opinion.. the infom)ation given in the financial slatements is inconsistent in any material respect with the trustees. report,. or the charitable company has not kept adequate acc4xJntir•J tecord$', or Ihe financial st*ements are not in agreement with the accounting recThds and retums.. OT we have not ￿Ceived all the irrfomiaknn and eX￿anationS we require for ow aLMlit. Responsibilities of trust••s A5 explained more fijlty in the tru5tees' reSponS￿lI111eS staternent set (xrt on page 15. the trustees Ivtho are a150 the directors ol the charitable cornpany for the purposes of company lawl are responsible for the prepar*ion of the financial statements and for being salisfth that they give a tr￿ and fair ¥iew. and for such intemal control as the IIv51ees determine is necEssary to ena￿e the preparation of fjnaThi#l stalements that are free from material rniS5talement, whether due to fraud or error. In preparuig the financial statements, the trustees are responsible for a55essing the chariiable I)ynpart￿$ abilty Its conlinue as a going concem. disdosing, as applKable, rnatters relaled to 90ing concem and using the going concern basis of accounting unkss the trustees either wrtend to IiquKlate Ihe charitable company or lo cease operations, or have no reabstsc altefnab.ve bjt to do so. Auditorfs responsibilities for the audit of the financial statements We have been appointed as audrtor under seGb"on 145 01 the Clwrtiès Acl 2011 ar)d report in accordance with gulalion5 rnade under section 154 01 that act. Our objectNes are lo Obta￿ reasonatle assurance about whether the financial slatements as a wh¢49 are free from material mis51atemenl, whether due to fraud or error. and lo issue an auditorfs report that inelLKlès our opinion. Re850nable a55urance is a high level of assurance but is not a guarantee thal an audit condu¢ted in accordance th ISAS {UKI will always detect a material misstatement when rt exists. Misstatements can arise from fraud or error and are considered material rf. indwklualty or in the aggregate. they ¢oukJ reasonably be expe¢ttd to influen¢e the economic deCis￿n5 of users taken on the basis of these financial statèments. Irregularilies, including fraud, are instances of non-compliance wrth kw$ and regulab"ons. We de$ign procedures in line with our responsibilities, outlined above, to detect rnaterial mis5ts1ements in respect ol irrègulafths. including fraud. The extent to which our procedures are capable of delecling irregularities. wluding fraud. is del￿￿ belryrt. Extent to wthich the audit was consid•r•d Capab￿ of detecting irr¢gularities We ￿enIty and assess the risk5 01 material mi55tatement of the financial statemenls. whether due to fraud or error. and then deslgn and perform audrt procedures responsive to Ihose rt5ks. including obtaining audrt eviden¢¢ that is $Ltfficient and appropriale lo prowde a basis for our opinrt￿. Hmver. responsibility for the PTevenl¢on and detection of Iraud uttimately rests with both those charged with govemance and management of the charitabk company. In Kleniifying and assessing risks of materia misstatement in respecl of iriegularities, including fraud and non- compliance with laws and regulat￿S, our procedures induded the follwng". obtaining an understanding of the legal and regLI￿ory framework ap￿ICable to the chartsble ¢ompany by considering the nalure of the industry in which Ihe Charrtab￿ company operates and enquiring of management., and idenlitying the key laws aThJ regulations conshlered to have a direct impact on the fIn￿Gla1 statements induding the UK Companies Act 20L￿. UK Charities Act 2011. UK Generally Acwted AcLountsng Pradi¢e and UK tax legislation. Othef regulatsons identffied whth were not ¢onsidered to have a direct impad on the financial statèmènts but which were ￿nSIdered central to the abilty of the charitable company lo operate were the ￿cenS1ft9 Act 2C4)3 and the Heawh and Safety at WorkAct 1974". and assessing how the charitable company is ry)mplyiThJ with the applicable legal and regulatory framework by making bjrthef enquiries of managemenl and obsemng Ihe tharrtabbe compan￿$ control environmgnt regarding compliance with regulations and fraud preventN)n", and 18- THE LEICESTER DRAMA SOCIE￿ LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF THE LEICESTER DRAMA SOCIETY LIMITED assessing the suseeptibiltty of the charitabte eompanys finanaal statements to material misstalemenl, including how fraud might occur. by considering the effectNeness of the eharitable company's acwunling systems and contr￿$ and hu4V these were monrtoied by management. Where the ri$k of material misststement was cnnsidered to be h￿her in certain areas. fvrther audrt procedures were de5uned lo address this increased risk. an(J discusgng amongst the engagemerrt team hcw and wknere fraud mighl occur in financial statements an(1 any potential indicators of fraud. Audlt response to rfsks of Irregularltles identffi¢d Our procedures to respond lo risks identsfied induded the folltrMrKJ." perfoming audrt work over revenue reeognth.on rt￿ling analy1ieal wc¢edures and subslanlive tests of detsil of a sample of revenue transadions.. and rewewing financial ststement disdosu￿s and lestirvJ to WFpyh'ng documentation to assess compliance W4th applicable laws and regulations.. and enquiry of charitable company staff respon5itAe tr compliano to identsfy any instances of non-compliance th laws and regulations; and enquiry of management. those charged wilh 9ovemance olher relevant parties around actual and Fotents'al lits'gation claims.. arKI reviewing minutes of meetings of those charged wth 9ovemance" and rerfomiing audit work over the risk of management ovwride of conlrds, includiThJ lesling of joumal entries and other adjustments for appropriateness. evaluating the business rationale of swnificant Ir8nsactions 0￿￿'de the norn)al course of business and rev¢ewiThJ accounting estimates low bias", mmunicating idèntified laws and regulations and polenli81 fraud risks to all engagement team members aTrJ assessing whether Ihere are any irthats.ons of fraud or rKMFcoM￿iance vith and regulations throughout the audit. Because of the inherent limitations of an audit, there ts a risk th* we wll not delect all irregularilies. induding those kading to a material misslatement in Ihe fina￿la1 statements or r￿n-UNnplIance wth regulat￿n. This risk increases the more that compliance with a law or regulation is removed from the events and transacti￿$ refteclecj in the financial ststernents, as we wll be less likely to become aware of InStan￿S of rrtjvcomplia￿e. The risk is also greater regardiThJ irregulanties oeturring due to fraud rather than effor, as fraud invdves Intentional concealment, forgery, collusv)n. omisyon (y miSre￿Sent8t￿i. A further deseriplion of our ￿spOnsIbl1￿.es is available on the FRC'S webyte at." https'.lfvA￿.frc.0r9.UkJ¥Udil audrt-assur8ncelaudilor-s-re$wnsibilrtie>for-the-audit-of-Ihe-fildewptson-of-Ihe-auth'lor%E2Qh80%99s- respongts'lilies-for. This description forms part of our audrtorfs rewl. Use of our report This report is made solely to the ehantable ￿PanY'S trustee5. as 8 body. in accordance with Part 4 of the Charities {Aecounls and Reports) Regulations 2008. Our audit has been undertaken so th81 we might stale to the charrtatle company's Iruknees those mattets we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do nol accept or assume iesponsililty to anyone other than the chari18Ue company and the charitable ccfflpany's trustees as a bc•Jy. for our audii work. for this rewrt. or for the opinions we have formed. Newby Castleman Chartefed Accountants Slalutory Audilof West Walk BLtilding 110 Regent Road Leicester LE17LT 1 February 2024 Newby Castleman LLP is eligible to act as an aLKlitor in terms of section 1212 of thè Companies Act 2006. 19- DocJJ&gn En¥eknFe10.. 744C789A-D3F14FF7-A771-8C08B4CE4679 THE LEICESTER DRAMA SOCIETY LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2023 Unrestricted fvnds Restfi¢t•d generdl d•signated funds Total 2023 Totsl 2022 Mot•s In¢omo from Donalions and legacies Charitable aclimtses Other trading adi￿lIeS Investments 59,032 572.564 12.231 13.933 5,130 2.447 6.954 71,116 575.011 12.231 13,933 33,258 385.323 12,939 12.596 Total 657.760 7.577 6.954 672.291 444.116 Expend•tur• on Raisin9 funds Charitable activbttes 2.803 553.443 7.453 553.517 6,063 412,787 74 Totsl 556,246 74 560.970 418.850 Net Income 101.514 2.927 6.880 111.321 25,266 Transf•rs bètweèn funds 20 1S0.CK))I Net movement In funds 51,514 52.927 6.880 111.321 25.266 Reconciliation of lunds Total funds brought forward 7￿.817 79, 144.269 92S,012 899.746 Total funds carried fonvard 752.331 132.833 151.169 1.036.333 925,012 The statement offmanckal a¢*vrt*$ indud¢$ JI gains losses recognised in the year. All income and expenditure derTrve from continuing acti¥1￿. -20- DocLfy'on En￿lOptIO.. 744C789A-D3F14FFTA771-eC0884CE4679 THE LEICESTER DRAMA SOCIETY LIMITED BALANCE SHEET AS AT 31 JULY 2023 2023 2022 Flx•d assets Tangible a55ets 13 617,425 644.849 Current assets Stocks Debtors Cash at bank and in hand 14 1S 4.S47 28,170 598,928 4,286 29,774 371.399 631,645 405,459 Llabilities Creditors." amounts faling due wthin one year 16 1212,73n (125,￿) Met ¢urr¢nt ass•ts 418.sl 280.163 Met a¥$ets 1.036.333 925,012 Total funds of th• charlty Restricted funds Unfèstricled des￿nated funds Unrestricled general lunds 19 151,169 132.833 752,331 144.2B9 79.906 7CQ.817 Tt)tal charity funds 1.036,333 925,012 These financial ststements have been prepared in ar￿da￿ the provisions applubl& to companies subJ'e¢t lo Ihe small companies, regime. For the year ending 31 July 2023 the o)rnpany was Èntthd to exempb'on frcrfn *Jdrt under Sectic￿ 477 of th Companies Act 2006 rdaling lo small ￿mpan￿5 bul as this company is a charty. il is subje¢t to audit under th& Charilies Act 2011. The directors ackn￿￿edge their re5ponsibili1￿5 for comptying wth the requirements of ￿ Companies Act 2006 with respect to accounting record5 and the preparation of financial slatemenls. The members have not required the rL¥npany to obtain an a￿did of its financial statements for the year in question with accordance with section 476. 31-01-2024 The financial statements were approved and a4rt￿ftSed issue by the board of Iwstees on ......................... and ale signed on its behalf by-. Prol J Harding ffreasurer) Trustee Company Registr*w No. ￿268828 The note5 on pages 23- 36 fc¥m part of these finar*ial statement5. 21 DocL*Sign Énveltye ID". 744C789A-D3F14FFT-A771-BC1I184CE4679 THE LEICESTER DRAMA SOCIETY LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY 2023 2023 2022 Cash Ilows from opèrnting atll¥ltl*s Cash generated from operalions 216.584 66,909 Investing a¢tlvltlÈs Purchase ol tangibl• fixed asse15 Investrnent income received (2.988) 13.933 11.373) 12,596 Net cash generated Irom investin9 activities 10,945 11.223 Financlng actlvlties Repayment of bank loans (so,000) M*¢ ¢ash used in fina￿¥￿9 a¢tivits*¥ (50,000) Net Increase in cash and cash equivalents 227.529 28,132 Cash aThJ cash eq￿Va￿nIS al begInr￿n9 of year 371.399 343,287 Cash and cash equivalents at end of year 598.928 371.399 Docu&.￿ En￿lope ID.. 744C789MJ3F14FF7.A7T1-BC0804CE4679 THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023 Accountlng poli¢i•s Charfty InfomMti¢ The Le￿ester Drama Society Limited is a prNate coMp￿Y limited by guaranlee incorporated in England and Wales. The address of the registered offKe and place of tr¥Jsiness is gNen in the legal and 8dministratwe infornialion page of Ihese ffinancial statement5. In Ihe event of the charity bein9 wound up. the liability in respect of the guaran18e is limiled to £1 per member of the charity. 1.1 Basi5 of prepardtion The charity is a public bènefft Èntity as defined by FRS102_ These finan(ial slalements have been prepared in accordance with.. The Finanoal Reporting Standard applicable in the United Kingdom and Republic of Irekind I'FRS 102.1, Accounting and Reporting by Charities- Ihe Stalement of Recommended Pcactice for charities applying FRS 102 120191, thé Chanties Act 2011. the Companies Act an¢J UK Generally Accepted Accounting Practice. The financial slatements are prèpared in sterting. wfM¢h 1$ the ftmctional ￿rre￿ of th¢ charity. Monetary amc¥Jnts in th8se ffinantyal statemènts ar• roLmded lo the nearesl £. The finanaal statements have been prepared the historical c05t conventh)n. The princ¥pal accounting policies adopled are sat OLrt ￿lOw. These pcliries have been consistently apph.ed to all years presented nless otherwise stsled. 1.2 Going Concem Al the time of approwng the ffinanoal statements, the trustees have a reasonable expectstion that the charity has adequate resources lo continuè ￿ operational e￿$lence for the foreseeable future. Thus the truslees conbnue lo adopt the going ¢onGem basis of accounb"n9 in preparing the financial slatements. 1.3 Charitable fvnds Unrestricted funds are awlabté for use at the dis¢Teb"on of the trustees in fUrth¥an￿ of their charitable objeclNes unless the funds have been designated lor other purposes. Designated lunds are unrestrided funds of the charrty that the trustees have deoded al Iheir discretion to Sel aside fof specific purposes. The aim and usè of ea¢h designated fund is set otrt in the notes lo the financial statements. ReslrKte(I funds arè funds whh* ￿e to be used in accordance ￿th rèstrictions imposed by donors ¢y whith have been raised by the charity for partiwkir purposes. The Gosl of iaising and administering $u¢h funds are tharged against the SpeCffj￿ fvnd. The aim and use of ea¢h restri¢ted fund is Sel oul in Ihe notes to the finan¢ial statèments. 1.4 Ineomè rneognition Income is recognised when the charty is legalty entitkd to it after any perfo￿anCe conditions have been mel, the amounts can be rneasured reliably. and it is probable that income will be received. Cash donations are recognised on receipt_ Oiher donat￿nS are rwxgnised once the charity has been notified of the donab"on, unless performance condits.ons require deferral of the amount. Income tax recoverab￿ in relation to donations received under GiftANI or deeds of covenant is recognised at the time of Ihe donats"on. Govemment grants are recognised al fair value when the charity has entitlement after any perfwman¢e conditlOn5 have been met, il is probable Ihat the ir￿rne will be received and ihe amount can be measured with reliability. If entrtlement is nol met, ihen the amounts are deferred. -23- Oocu&gn En%flwe ID". 744c789KJ3F14FFIA77j.￿O88IcE￿9 THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Aecounting poll¢lès IContlnued} Income from ¢hafitable a(ai￿e$ (x)mprises box Offi￿ perfomanc* income, front of hOl￿e income. bar sales, costume hire and yovlh thealre subscriptions. Income from perfomanc8s is recognised in the period in whith the relevant perfomiance tske5 pla¢e. Income is deferred when ￿ke1 sales are received in advance ol the perfomiance of events to whKh they rdate. OlheThvise income is reco9nised al thè point of sale. Income from trading activities mdudes income eame(l from membership 8ubscriplions and 5ponsorsth"ps. Income from subscriptions is recognised to the extenl that this re￿Ie5 to the current period, with the remairkler being deferred. Inveslment income is eawned through hokjing assets for investment purposes. It comprt5es car park rental income and interesl receivatye which are re¢ognised on an a￿rual$ basis. 1.5 Expenditure rvcognition All expenditure is accountet1 for C￿ an accruals basis and has been dassified under headings Ihal aggregate all cmts relating lo ihe category. Expendrture is recogn¢sed when there is a legal or conslwctive obligation lo make a payment to a Ihird party, rt is probable thal settkment will be required and the amount of kne obluabon can be measured reliabiv. It is recognised under the folbwing headings.. Costs of raising funds indudes costs incuryed in seeking donalions. ￿ga¢￿s. grants and fvndraising. Expenditure on tharitable actiwties notably indudes costs to fvrthef the delivery of the objectives of the charty. Irrecovefable VAT is ¢harged lo support costs {note 10). 1.6 Support costs Support wsts are those that aSSi5t thè work of the ¢harrty but do not directty represent charrtablè activities and costs of r8tsrng funds and indude office Msts. govemance ¢o$ts and admintstrative payroll costs. They a￿ incurred directly in support of expendrture on the objeds of Ihe charity. Support costs a￿ allocated to charrtable acti￿lIeS on a basis COn￿stent with use of Ihe resources. The analy$i$ ol these costs 1$ induded in note 10. 1.7 Tanylble fixed assèts Tangible fixed assets are measured at cosL net of depreciatk)n and any ¥npaim•nt losses. Depreeialion is recognised 50 as to wrrte off the ¢ost of assets le55 their reshlual valuès over thew useful lives on the folbwing bases". Freehold land & buildings Fixtures, ffttings & equipment Over 6 & 10 years on cost Over 4 & 10 years on cost Freehold latKI, payments on account aThJ assets n) the cowse of eonstrL￿tloTr arè not depreciated. Apart from certain integral fealures, no depreaatN)n is provjded on freehold ￿nd and buildings because the twstees consider the resKlual value to be higher than the caTrying amount. 1.8 Impairni•nt offix•d assets Al each reporting end date. the thanty wew5 the carrying amounts of rts tangible assets to determine whelhef there is any Indicat￿ that those asset5 have suffered an irnpairment k)ss. If any Such indication exi51s. the recoverable amount of the asset, or the asset's cash generaling unil. is estimated and compared to the carrying amo¢Jnt in order to determinè the exlent of the impairnient loss (if any). Where Ihe carrying amount exceeds its recovefatAe amount. an impairnierrt loss is recognised in the Statement ol Financial Activities I'SOFA.) unless the asset is ¢arried at a revalued amcyjnt where the impairment toss is a revaluab.on decrease. -24- Do¢uSion Enb*lwe ID". 744C789K03F14FFI-ATTI-8c0884CE4679 THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Aecountlng polltles Icontlnuedl 1.9 Sto¢ks Slocks are slated al the lower of ts)st estimate(l selling price kss ￿$t$ to sdl. Stock comprises bar and front of ho￿￿ stock and pantomime I￿h{￿. 1.10 C•$h and cash èquivalénts Cash and eash equivalents indude cash in hand. deposits hehj at call with banks, other short-term liq￿d investments wth original matunlies of three months or less. 1.11 Flnancial instrnM￿ts Financial instruments are recognised in the tharws balance sheel when the tharity becomes party to the contractual provisions of the instrument Debtors and creditors with no staled inlerest rale and receivable or payatle wrthin one yw are measU￿d al tr8nsadion price. Any1055es arising from impairrnent are recognised in the SOFA. 1.12 Employèe benefits When employees have rendered seM¢e to the charty. short-term employ•¢ benefits to which the 8mF4oyees are entitled are raco9nised at the undiscoLmtetl amount expeded to be paid in exthange for that servi￿. The cost of arty unused hdiday entrtlement is recognised in the wiod in whith the emFdoyee's seNces are received. 1.13 R•tir•mÈnt bÈnÈffts Payments lo defined contribulKJn ret¥ement benefit schemes are chwged as an expense as Ihey fall due. 1.14 Leases Rèntals payable w)d•i OK￿8h￿9 leases. induding any kase incentives received, are charged to the SOFA on a straight line basis over the term of the relevant lease_ 1.15 T•xatlon The Leicester Drama SocAety Limited is a registered charity and no taxation provision 15 required a5 its income fiom charitable actmlies falls the variou$ exemptions aVa￿aL￿e to regislered charrties. 25- DouJSHJn ErNelope ID.. 744C789A4J3F14FF7.A771-BCO8B4CE4679 THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Crftleal aecounllng estlmatss and judge11￿ts In the application of the chaiiws accouwtb.ng polioe$, the trustees are required to make judgements, estimates and assumption5 about the Car￿ng amount of assels and liats'litiès that are not readily apparent from other sources. The ests"rnales and associated assumpb.ons are based on historul experience and other factors that are considèrèd to be relevant. Aclual fesuts may differ from these estimates. The estimates ￿ Under￿'n9 assumptty5 are reiryevAd on an ongoing basis. Revisions to accounts'ng èstimalès are recognisÈd in the pe[￿d in whth thè èstimate is rèvised where the revision affects ￿)lY that per￿￿, or in the penod of the rews￿n and future periods where the revision affects both ¢uirent and future perrods. Kèy souK•s of ¢stimatlon uncèrtainty The estimates and assumptions whth have a svjnrfwt risk of causing a material adjustment to the carryiThJ amount of assets and fi3￿"1itIeS are as ftslltr*s. us+fi￿•¢0n0mlc lfvés of lrn•hold landand bulldlngs The annual depreciation charge for freehold land and buildings is sensitive lo changes in the eslimated uselul economic lives and residual values of Ihè assets. The useful economic lives and residual values ￿e reassessed annually. They are amended when necessary to rellect current estimates. Allocatlon of support Costs The allocation of support costs is Sensrt1￿ to thanges in the level of work underfaken on each activity by the charity. The allocation is reassessed annually and amended when necessary to rellect ￿rrent esbmates. Income Irom donations and kgacies Unrnstriel•d Unr•strict•d Regtrict•d 9èneral d•sigNat•d fund$ lunds 2023 Total 2023 2023 2023 Donations induding gft aid 59.032 5.130 6.9S4 71,116 59,032 5,130 6.954 71,116 Unresirithd un￿strICted general designatèd fvnds fvnds 2022 2022 ReStr￿ted Jnds Total 2022 2022 Donalion5 inthding grft aKI Legacies receivable Grant incom& 16.975 5,783 24.258 5,000 4.000 25.975 1.500 5.783 33,258 Do¢uggn En*lwe ID." 744C789WF14FF7-A771-ec0884cE4679 THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Incorne lrnm ¢haritabl• activiti•s Un￿StrICted Unrestricted general designated funds fvnds 2023 2023 Tolal un￿$t11￿e￿ Unrestrrcted general desi9nated funds funds 2022 2022 Total 2023 2022 Box office LDS shows Box office speual shows & Comedy Festival Fronl of house Bar Lettings and coslwne hire 346,562 246.507 246,507 34,117 44.947 85,933 61,005 2.447 23.677 31,741 51.735 30.021 1.642 25.319 31.741 51.735 30.021 44.947 85.933 61.005 572.564 2,447 575.011 383.681 1.642 385,323 Incom• from oth•rtradlng a¢tl¥llies Unrestricted gener41 funds 2023 Total Unrestricled general funds 2022 Totsl 2023 2022 Membership income 12.231 12,231 12.939 12.939 come from Investments Unrnstricted gener41 funds 2023 Tt)tal Unrestricted general fvnds 2022 Total 2D23 2022 Caf park and rental ￿￿Orne Interèst receivab 12,653 1280 12,653 1.280 12.027 569 12,027 569 13.933 13.933 12.596 12,596 -27- Docu&"w En¥eloFe10.. 744C789Kl3F14FF7-A771-8CO8￿É46P9 THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Expenditure on rnising funds UTrregtrlcted Unrestri¢ted genèrnl dèsignated lunds funds 2023 2023 Total Unresln"¢ted Unre51rided general designated Jnds fvnds 2022 Total 2023 2022 2022 Membership s¢hemes Fundraising expendilu 2.803 2.803 1.273 1,273 4,790 4.650 4,790 2,803 4.650 7,453 1.273 4,790 6.063 Exp•nditur• on charitsbl• activiti•s Support Costs T¢)lal 2023 Totsl 2022 undèrtaken dlr•ctly Note 9 Not• 10 Pioducb"on Front of house Bar Leth'ngs and coslumè h 305.126 19,109 43.764 6.521 119,265 13.992 26,749 18.991 424.391 33.101 70,513 25.512 333,412 22.581 43,672 13.122 374.520 178.997 553.517 412,787 Unrestricted general funds Restricted fvnds 553.443 74 383,746 29,041 553,517 412.787 -28- DoCU￿n En¥*l)pe ID.. 744C789A￿3Fl4FF7-A771-8C0o84cE4679 THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 JULY 2023 Expendlture on a¢t1vil￿ undertaken dir•ety prr￿UC*j0rl Front of hous• Bar Lettings and costume hire Total 2023 Total 2022 Staff costs Dep￿ciall0n Box Office admin Dirècl produdion cos15 Special show artistes M8rkeiing of shows Fmnt of house supplies Bar 5uppIi¢$ 123.417 25.89) 29.237 70.574 6.521 129.938 25,850 29.237 70.574 409 55,639 19.109 43.764 105,587 29,227 18.86$ 65,615 2,575 22,089 11,759 27.438 SS.639 19.109 43.764 305,126 19.109 43.764 6.521 374.520 283.135 10 Expenditure on support costs 2023 2022 Depreuation Repairs and mainlenance Rent and rates ghl & heat Cleaning and hygiene Administrats've expenses Insuranc& Irrecoverable VAT Audit, legal & profèssh?nal Other cD5t5 4,562 4.138 37,929 14,226 3,189 36.474 30,366 25,914 20.630 16.202 15.902 14,374 10,681 24.882 19,S88 8.920 5,160 5.896 5,772 178.997 129,652 Allo¢atèd lo." Chafitabte actiwties 178,997 129.652 Support C05t5 have been allocaled to activii*s on a relevant basts to ref*ct the use of the resources. Support costs indude gov¢mance cosls amDunb"ng to £5,740 (2022- £5,485). The amount thargÈd to the SOFA in resped ol aLwJrtorfs remunerabon was". stalulory audit £5.74012022- 15.485} - other serthces £1.02912022- £1.279} Do¢L&Sity) Envew ID.. 744C789A-D3F14FF74771.BCOBB4CE4679 THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 11 Tru$lÈÈs Except for the thsdo$ures below. none of the trustees recei¥*d any ￿MUn￿ation. benefits or reirtiursèments from Ihe charity durin9 Ihe year. or in the pre￿ou$ year. During Ihe ye¥. expenses were reimbursed to the folty**ing Irustees.. Prof J HardiThJ wa5 re￿I)Ursed £665 {2022- £1.1921 for m¢rchandise io be sold in the Kids Panto Bar Mr M Scott wa5 reirnbursed £1.931 12022 - £1,334) for maleriaLs for plumbirrfj repairs and stage lighting èquipmenl., Mr A Crooks was reimbursed £KI12022- £NiD for 51age lighth.ng materials.. Mf J Middlelon was reimburse(1 £91 12022- £911 for 5￿p1s. FaGebook ad5 and licences,. Mr T Young was reimbursed £19 (2022- £NID for materials for Sooty's Cerernony.. Ms F Harris was reimbursed £28 {2022- £2041 for deaning materials for Front of House operations" Mr R Hughes was reimbursed £21 12022- £Nil} for prtspertTres fof LDS prodvcb"ons.' Mrs V Jones was reimbursed £767 (2022 - £1.192) for hosprtalrfy for ￿ LTG COnf?rer￿ and properties for LDS productions. Al the year4nd, £Nil was owe(I to truslees12022- £8S7 was owed lo 2 tsustees}. 12 Employees Number of employees The avèra9è monthty number of empws during the year was". 2023 Numb•T 2022 Numb•r Management and administr¥b"on Youlh Ihealr¢ Employmènt costs 2023 2022 Wages and salaries Social seeutty cost$ Other pension costs 124,591 3,171 2,176 102.980 1.207 1.380 129,938 105,567 There werè no emptoyees whose annual reftKmeraIK￿ was £60.[￿ or more. Do¢￿￿9n Et)¥ely ID.. 744C789AiJ3F14FF7A771.BC0884CE THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 13 Tangible fixed assets Totsl land & eorAtnKlion buildings •qulpmnt Cost At 1 August 2022 Addrfions 621.513 239.461 598.199 1.459,173 2,988 2,988 At 31 Juty 2023 621,513 239.461 601.187 1,462,161 Depreciatlon and Impalrn*nt At 1 August 2022 Depreciation charged in the yèar 311.031 11.979 503,293 814.324 18,433 30,412 At 31 July 2023 323.010 $21,726 844,736 Canying amount At 31 July 2023 298.S03 239,461 79,461 617.425 At 31 Juty 2022 310.482 239,461 94,906 644.849 Ihin freehdd land and buddings. the cost is made LP of land of £156,429 and buihjings of£465,084. 14 Stocks 2023 2022 Bar Front of house Pantomime I￿t$ 4,016 391 140 3,665 621 4.547 4.286 IS Dèbtors 2023 2022 Amounts falling due within one year. Trade debtors Other debtors Prepayments and awued Ir￿Me 2.596 400 1.694 27,680 25,574 28,170 29,774 31 Docusign En*lope ID". 744c789￿D3F14FF7￿771-BC0aB4CE4679 THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 JULY 2023 16 Creditor&: •mwnts falling due within on• y•ar 2023 2022 Notr Olher taxation and socyal secJJrily Deferred income Trade c￿drtOrS Accruals 5.711 160,773 25,612 20.641 4,927 100,027 1,859 18,483 17 212,737 125,296 17 Deferred in¢ome Deferred income induded within note 16 ab)ve is as follows: 2023 2022 Advan¢e tickèt salès Membership subscription$ Unrefunded can¢elled tickets Customer credits Gfft vouchers and order deposits 134,707 3,543 14.922 2.800 4.801 69,765 3.047 14,922 8.643 3,650 160.773 100,027 18 R•tir•ment bèn•fft sehomes Defined ¢ontribution s¢hen*s The charity operales a dèfined contritrwjtion pension scheme for al quab'fying ewoyees. The charge to the SOFA in respecl of the defined contribution schemes was £2,17612022- £1,380}. all of this expense was un￿$t￿ed and all has been allocated as a direct cost. Expendilure has been allocated be￿eefi funds and activities on a rdevanl basb$ ¢0 the nature of the underfying costs in proportion to resources used. -32- DocuSi9n En*knpe10.. 744C76a44)3F14FF7-A771.BC0884CE4679 THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 19 R•strkt•d funds The fvnds ofthe ¢*arity inc*Jde Testricled fun¢fs l*ld for speufic purp)ses". Movement in funds Income Expenditure Translers Balance at 1 August 2022 Balan¢• at 31 July 2023 Improvements for the benefit of Ihe aUd￿￿n¢¥ Building fund - cash Building lund- assets LCC Business DevekJpment & Diversrfication granl 39,286 61.372 43.471 39,266 68.326 43.471 180 174) 106 144.289 (74) 151,169 lov•m•nt in funds I￿orne Exp•nditure Transfe Balance at l August 2021 B•lan¢• at 31 Juty 2022 Improvemenls for the benefrt of the audience Building fund- <*sh Building fund- assets Arts Council recovery fvnd LCC Business Development 8 Diversification giant 39.266 $5.589 43.471 28.967 39,266 61,372 43.471 5.783 {28,96n 254 1741 180 167.547 5.783 (29,0411 144,289 Improvement$ for Ihe benefft of the a￿llence - Ihis ftffid is represented by fixed assets. and relates to disabled access and improvemen15 to the box office and audrtorium. 8vilding ftjnd - thts fund represents donations sptCTfKalty gI￿n low¥ds Iht costs of bLMlding proie¢ts. This is split between amounts held a5 cash and #ssets. Ans Council recovery - Ihts fund represents amw)ts receNed from the Arls Council to help cover the ¢harity's running costs. LÈicÈsièr City Council Busine55 Devekjpment & DNersffi￿ltsft gfdnt- this fund repre$enl$ amounts reeeived Irom Lei¢esteK Cjty Council to develop or (Ji¥ersfy our cvrrent operations and to enable saler working practices. Docy&'gn Efi¥¢l¢Fe10". 744c789￿¥3Fl4FF7￿77l4cOeB1cE4S7g THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 20 Unrestrictod fvnds Tho unrestricted funds of the ¢harity indude general and designated wthich have been sel aside oul of unrÈstrKted funds by Ihe tru$teès for specffic purposes". lovement in funits kn¢omÈ Expènditurn Trdnsfe Batancè at 1 Augu$t 2022 Balance at 31 July 2023 Designated funds.. Building fLbnd- cash 7.577 14.650) SO,c￿ 132,833 General fvnds 700.817 657,760 1556.2461 150.CK)O} 752,331 780.723 665,337 1560,8%) 885,164 Movement in funds kn¢ 79,906 General fvnds 655.645 435.191 1385.019) Is,rxKJi 700,817 732.199 438.333 1389.8091 780.723 Building fund - thss fvnd represents amounts set aside towards the costs of building projects. During the year. the tharty receNed a donal1.on lotaling £50,OW arnj 8s agreed by the Trustees this h8$ been transferred to the desonated burfding fvnd. 21 Bulldlng fund Thè cUMulatr￿ amount raised On the Buikling lund nèl of Èxpèndrture incurred increased to £244.6X)12022 - £184,749) of whith £43.471 {2022 £43.4711 has been spent on planning. professional fees and archaèological invesivJations. leawing a balance carned forward to spend of £201,159 split be￿e•n restricted and designated funds. Dorxjsun En¥elope10.. 744C789A-D3F14FF7.ATT1-BCO884CE4679 THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 22 An•lysi$ of net as$•ts bet¥A•n funds Unwestricted funds ReBtrictsd gtner•l de$lgnai•d funds 2023 2023 2023 Totsl 2023 Fund balances a131 Juty 2023 are ￿￿eSented by: Tangible assets Current a5setslllialylthes} 534.613 217.718 82.812 68.357 617.425 418,908 132.833 752,331 132,833 151.169 1,036.333 Unrestricted fvnds Restricted general designatèd funds 2022 2022 2022 Total 2022 Fund balances at 31 Juty 2022 a￿ represented by.. Tangible assets Current asset￿(1￿?b￿th"e$) 561. 138,854 82.886 61,403 644.849 280,163 7(￿).817 79.9 144.289 925,012 23 Opernting le¥$¢ ¢ommitinents At the reporting end dale the charity outstsndmg commitments lor futu￿ Jymnimum kase payments under nortrcancellable operating leases, whith tsll due as follryws.. 2023 2022 Wrthin yèar Belween amd five years 1.727 872 1,727 2.599 2.599 4,326 Lease payrnents totaling £1.727 {2022.' £2,267) I￿Ve been recowi5ed as an expense dl￿ng the year. Docusgn Erwelrwlo". 744C789A-D3F14FF7-A771*LO884CE4679 THE LEICESTER DRAMA SOCIETY LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY 2023 24 Related party transa¢tl¢ns Remunèration of key man•gernenl pernonnel The remuneration of key management petsonnel is as folh)ws'. Z023 2022 Aggregate compensaboft 93,793 68.144 During the year, expenses were paid lo 212022 - 11 members of key management personnel. J Bak and G M¥Jir, for a)sluffle expenses and general Maintenar￿e to £2,29812022- £1.701). During the year, expenses were paid io MJ Harding Scott. the daughter of Mr M Scoll and Prof J Harding, for youth theatre cover and printing of show photographs amounting to £235 {2022- £Nil). During the year. expenses were paid to D Tower5, the husband of Mrs J Tower5, for stage carpentry and sel conslwuthtsn amounting to £3.78012022- £NiD. During the ye¥, expenses were paNJ lo A Crooks. the son of Mr A Crooks. for liyhlirwJ matevials amounting to £6912022- £Ndl. AddIt￿nalty, he was paid £741 {2022- £273) for as5i51ing the Crew with Iheatre Product￿n$. 25 Control r¢l•tionship The ch*ity is undef Ihe icrfnt ojntrol of the Irustee& 26 Cash gener•ted from op•rations 2023 2022 Surplu$ for the year 111.321 25.266 Adjuslmenls for". Inveslmenl income IGainlAtsss on disposal of tangible )Ixed assets DepreCiat￿n and impwrmenl oflangble assets (13.933) 112,S961 1,020 33.365 30.412 Movements in w0￿"A9 ¢awtsl". Ilncrease) in stocks Decrease in debto Increaselldecreasel ￿ ￿(￿lOr$ 1261) 1.604 87.441 11.7341 1.873 19,715 Ca$h 9¢n•rat￿ from op•ratio 216,584 66,909 27 Anatysis of ¢h•nges in net fvnds Ouring the year Ihe ¢haritable ¢ompany had no borrowings or obligalions under finance le¥se5. The ¢han9eS in nei funds of the chaiity therefore 501ely comprise of cash and cash equivaknts.