## **The Middlesbrough Little Theatre Limited** ## **Legal and Administrative Information** ## **Directors and Trustees** |Chairman|Mr R Burton (resigned April 2021)| |---|---| |Hon.Secretary|Mrs C M Henderson| |Hon.Treasurer|Mrs G.Metcalfe (resigned April 2021)| |Elected members|Mrs M L Anderson, Mr M J Crooks, Mr J. A Harrison, Mr N.J.S.Holford,| ||Mrs C A Lee, Mrs C J McEwan, Mrs C W Narey,| ||Mrs G.Sigsworth-Goulding, Mr R Tunnicliffe,| |**Company Number**|572515| |**Charity Number**|222426| |**Registered Office**|Toft House| |**and Principal**|The Avenue| |**Place of Business**|Middlesbrough| ||TS5 6SA| |**Bankers**|HSBC Bank plc| ||60 Albert Road| ||Middlesbrough| ||TS1 1RS| |**Independent Examiners**
Jones Harper|| ||Chartered Accountants| ||25 Roseberry Road| ||Billingham| ||TS23 2SD| ## **The Middlesbrough Little Theatre Limited** ## **Report of the trustees for the year ending 30th June 2021** The trustees, who are also directors of the charity for the purposes of the Companies Act, present their Annual Report and the Financial Statements for the year ended 30th June 2021. ## **Objects of the Charity, Principal Activities and Organisation of Our Work** The charity is constituted as a company limited by guarantee and is therefore governed by a Memorandum and Articles of Association. The charity’s object and its principal activity continues to be that of promoting, maintaining, improving and advancing education partially by producing educational plays and encouragement of the art of drama, mime, dancing, singing and music. The charity is organised so that the trustees, known as the Executive Committee, meet regularly to manage its affairs. The trustees have paid due regard to guidance on public benefit issued by the Charity Commission in deciding what activities the charity should undertake. ## **Structure, Governance and Management** The organisation is a charitable company limited by guarantee, incorporated on 5th October 1956 and registered as a charity on 24th September 1963. The company was established under a Memorandum of Association, which established the objects and powers of the Charitable Company and is governed under its Articles of Association. In the event of its being wound up, members are required to contribute an amount not exceeding thirteen pence. The directors of the company are also charity trustees for the purpose of charity law and under the company’s articles who are known as the Executive Committee and are elected for a period of one or three years at the Annual General Meeting. ## **Developments, Activities and Achievements** Sadly, because of the COVID-19 crisis, we were not able to perform any plays during the year, Plays that would comply with the restrictions, having a cast of one or two persons only, were chosen for autumn 2020 – Alan Bennett’s _Talking Heads, Love Letters_ by A.R.Gurney and _Twinkle_ by Philip Meeks. Unfortunately, as cases of the virus were rising in our area, the local authority closed the theatre. The plays were postponed until autumn 2021. The youth section of the company, Middlesbrough Youth Theatre, has continued throughout the pandemic rehearsing their next productions _Cats_ and _Bugsy Malone_ always following the COVID restriction guidelines. The musicals were to be performed in November 2020, but were postponed until summer 2021 and then further postponed until 2022. ## **Future Developments** The performing licence for _Love Letters_ was withdrawn by the agent. It was decided to perform _Bouncers_ by John Godber instead in July 2021. _Talking Heads_ and _Twinkle_ are to be performed in October and November 2021. The Youth Theatre will perform a review in November 2021 entitled _Crescendo._ ## **Investments policy and returns** Under the Memorandum and Articles of Association, the charity has the power to make any investment which the trustees see fit. The trustees have considered the most appropriate policy for investing funds is in building society and bank accounts. The trustees consider the return on investment to be extremely low in the current financial situation. ## **Reserves** The present level of funding is adequate to support the continuation of the productions in the theatre. It is the policy of the charity to maintain unrestricted funds at a level which equates to over twelve months expenditure, providing sufficient funds to cover management and administration. The company has maintained this level of reserves throughout the pandemic, in spite of the lack of income from productions. ## **Directors and Trustees** All trustees are also directors of the company and there are no other directors. ## **Risk management** The trustees actively review the major risks which the company faces on a regular basis and believe that maintaining reserves at current level, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational business risks faced by the Charity and confirm that they have established systems to mitigate the significant risks. ## **Statement of Trustees responsibilities** Company law requires the Trustees prepare financial statements for each financial year which give a true and fair view of the state of the financial activities of the Charity and its financial position at the end of that year. In preparing those financial statements, the Trustees are required to;- - Select suitable accounting policies and then apply them consistently - Make judgments and estimates that are reasonable and prudent - State whether the policies adopted are in accordance with the Companies act 2006 and with applicable accounting standards and statements of recommended practice subject to any material departures disclosed and explained in the financial statements - Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Charity will continue in operation The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Approval** This report was approved by the board of directors and trustees on 6th October 2021 and signed on its behalf. ## **Independent Accountant’s Report to the Executive Committee of The Middlesbrough Little Theatre Limited** In order to assist you to fulfil your duties under the Companies Act 2006, I have compiled the financial statements of the charitable company from the accounting records and information and explanations you have given. This report is made to the Charity’s Executive Committee, as a body, in accordance with the terms of my engagement. My work has been undertaken so that I might compile the financial statements I have been engaged to compile, report to the Charity’s Executive Committee that I have done so, and state those matters I have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Executive Committee, as a body, for my work or for this report. You have acknowledged your duty to ensure that the charity has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the charity is exempt from the statutory requirement for an audit for the year ended 30th June 2021. Stephen Jones ACA Jones Harper Accountants 25 Roseberry Road Billingham TS23 2SD November 2021 ## **Middlesbrough Little Theatre Limited Statement of financial activities(incorporation an Income & Expenditure Account) for the year ended 30th June 2021** ## **INCOMING RESOURCES** ## **Incoming resources from generated funds** **----- Start of picture text -----**
Restricted Unrestricted 2021 2020
Note £ £ £ £
Voluntary income:
Members' subscriptions 2 26,962 26,962 24,379
Donations 3 4,691 0 4,691 0
Activities generating funds
Fundraising 4 3,398 3,398 2,866
Investment income
Bank interest received 8 8 165
Total 4,691 30,368 35,059 27,410
**----- End of picture text -----**
Incoming resources from charitable activities **----- Start of picture text -----**
Restricted Unrestricted 2021 2020
Note £ £ £ £
Production income
Adult Theatre 0 0 1,927
Youth Theatre 0 0 19,100
Other income 5 0 0 1,480
Total 0 0 0 22,507
TOTAL INCOMING RESOURCES 4,691 30,368 35,059 49,917
**----- End of picture text -----**
## **Middlesbrough Little Theatre Limited** ## **Statement of financial activities (incorporation an Income &Expenditure Account) for the year ended 30th June 2021** ## **RESOURCES EXPENDED** |Note|**Restricted**
**Unrestricted**
**2021**
**2020**| |---|---| ||**£**
**£**
**£**
**£**| |**_Charitable activities:_**|| |Cost ofproductions:-|| |Adult Theatre|1,778
1,778
1,945| |Youth Theatre|8,742
8,742
24,647| |Theatre runningcosts
6|18,734
18,734
26,405| ||| |**_Governance costs_**|| |Management and administration
7|2,018
2,018
2,344| ||| |**TOTAL RESOURCES EXPENDED**
**RESOURCES RECEIVED LESS**
**EXPENDED**
8
**FUNDS BROUGHT FORWARD**
**FUNDS CARRIED FORWARD**|| ||0
31,272
31,272
55,341| ||4,691
-904
3,787
-5,424
8,026
165,978
174,004
179,428| ||12,717
165,074
177,791
174,004| ## **Middlesbrough Little Theatre Limited Balance Sheet as at 30th June 2021** |**Note**
**FIXED ASSETS**
Tangible fixed assets
9
**CURRENT ASSETS**
Debtors and prepayments
10
Cash at bank and in hand
**CURRENT LIABILITIES**
Creditors falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL NET ASSETS/LIABILITIES**
Represented by:-
Funds of the charity
Restricted funds
13
Unrestricted funds
13|**2021**
**£**
**£**
2,203
32,337
145,408
177,745
2,157
175,588
177,791
12,717
165,074
177,791|**2021**
**£**
**£**
2,203
32,337
145,408
177,745
2,157
175,588
177,791
12,717
165,074
177,791|**2020**
**£**
**£**
2,693
9,341
163,749
173,090
1,779
171,311
174,004
8,026
165,978
174,004|**2020**
**£**
**£**
2,693
9,341
163,749
173,090
1,779
171,311
174,004
8,026
165,978
174,004| |---|---|---|---|---| ||32,337
145,408||9,341
163,749|| ||177,745
2,157||173,090
1,779|| |||177,791||174,004| |||12,717
165,074||8,026
165,978| |||177,791||174,004| 2 MEMBERS' SUBSCRIPTIONS |2
MEMBERS' SUBSCRIPTIONS|| |---|---| |MLT
Youth Theatre
3
DONATIONS
Lew Oliver
General donations
4
FUNDRAISING INCOME
Coffee mornings
MYT fundraising
5
OTHER INCOME
Programme advertising
Others
6
COMPANY RUNNING COSTS
Rent
Rates and council tax
Staff costs
Heating & lighting
Insurance
Postage printing stationery &
advertising
General repairs
Sundries
Depreciation
7
MANAGEMENT & ADMIN.
Restricted spend
Accountancy & bookkeeping|2021
2020
£
£
3,868
3,322
23,094
21,057| ||26,962
24,379| ||4,691
0
0| ||0
285
3,398
2,581| ||3,398
2,866| ||0
935
0
545| ||0
1,480| ||625
625
712
1,047
13,203
13,205
909
1,746
988
1,218
1,433
1,741
0
5,408
371
939
493
476| ||18,734
26,405| ||400
2,018
1,944| |8
NET MOVEMENT IN FUNDS
This is stated after charging
9
TANGIBLE FIXED ASSETS
**Cost**
As at 1st July 2020
Additions
As at 30th June 2021
**Depreciation**
As at 1st July 2020
Charge for year
As at 30th June 2021
**Net book value**
10
DEBTORS
11
CREDITORS FALLING DUE
WITHIN ONE YEAR|Depreciation
Accountancy
Leasehold
improvements
17,421
-|2021
2020
£
£
493
476
2,018
1,944
Fixtures &
equipment
Total
17,203
34,624
-
0| |---|---|---| ||17,421|17,203
34,624| ||15,613
271|16,315
31,928
222
493| ||15,884|16,537
32,421| ||1,537|666
2,203| ||Prepayments
_Due after one year:-_
Loan to Theatre Club
Accruals and creditors|2021
2020
£
£
354
0
31,983
9,341| |||32,337
9,341| |||2,157
1,779| |||2,157
1,779| ## 12 ANALYSIS OF ASSETS |12
ANALYSIS OF ASSETS|| |---|---| |Tangible fixed assets
Net other assets
13
STATEMENT OF
FUNDS
Unrestricted funds
Restricted funds:
Lew Oliver fund
Building fund
**TOTAL FUNDS**|Restricted, Lew
Oliver Fund
Restricted,
Building
Fund
Unrestricted
Total
£
£
£
£
2,203
2,203
4,762
7,955
162,871
175,588| ||4,762
7,955
165,074
177,791| ||As at 1st July
2020
Income
Spend
As at 30th
June 2021
165,978
30,368
31,272
165,074| ||71
4,691
4,762
7,955
-
-
7,955| ||8,026
4,691
0
12,717| ||174,004
35,059
31,272
177,791| ## **Independent Accountant’s Report to the Executive Committee of The Middlesbrough Little Theatre Limited** In order to assist you to fulfil your duties under the Companies Act 2006, I have compiled the financial statements of the charitable company from the accounting records and information and explanations you have given. This report is made to the Charity’s Executive Committee, as a body, in accordance with the terms of my engagement. My work has been undertaken so that I might compile the financial statements I have been engaged to compile, report to the Charity’s Executive Committee that I have done so, and state those matters I have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity’s Executive Committee, as a body, for my work or for this report. You have acknowledged your duty to ensure that the charity has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the charity is exempt from the statutory requirement for an audit for the year ended 30th June 2021. Stephen Jones ACA Jones Harper Accountants 25 Roseberry Road Billingham TS23 2SD November 2021 ## **Middlesbrough Little Theatre Limited Statement of financial activities(incorporation an Income & Expenditure Account) for the year ended 30th June 2021** ## **INCOMING RESOURCES** ## **Incoming resources from generated funds** **----- Start of picture text -----**
Restricted Unrestricted 2021 2020
Note £ £ £ £
Voluntary income:
Members' subscriptions 2 26,962 26,962 24,379
Donations 3 4,691 0 4,691 0
Activities generating funds
Fundraising 4 3,398 3,398 2,866
Investment income
Bank interest received 8 8 165
Total 4,691 30,368 35,059 27,410
**----- End of picture text -----**
Incoming resources from charitable activities **----- Start of picture text -----**
Restricted Unrestricted 2021 2020
Note £ £ £ £
Production income
Adult Theatre 0 0 1,927
Youth Theatre 0 0 19,100
Other income 5 0 0 1,480
Total 0 0 0 22,507
TOTAL INCOMING RESOURCES 4,691 30,368 35,059 49,917
**----- End of picture text -----**
## **Middlesbrough Little Theatre Limited** ## **Statement of financial activities (incorporation an Income &Expenditure Account) for the year ended 30th June 2021** ## **RESOURCES EXPENDED** |Note|**Restricted**
**Unrestricted**
**2021**
**2020**| |---|---| ||**£**
**£**
**£**
**£**| |**_Charitable activities:_**|| |Cost ofproductions:-|| |Adult Theatre|1,778
1,778
1,945| |Youth Theatre|8,742
8,742
24,647| |Theatre runningcosts
6|18,734
18,734
26,405| ||| |**_Governance costs_**|| |Management and administration
7|2,018
2,018
2,344| ||| |**TOTAL RESOURCES EXPENDED**
**RESOURCES RECEIVED LESS**
**EXPENDED**
8
**FUNDS BROUGHT FORWARD**
**FUNDS CARRIED FORWARD**|| ||0
31,272
31,272
55,341| ||4,691
-904
3,787
-5,424
8,026
165,978
174,004
179,428| ||12,717
165,074
177,791
174,004| ## **Middlesbrough Little Theatre Limited Balance Sheet as at 30th June 2021** |**Note**
**FIXED ASSETS**
Tangible fixed assets
9
**CURRENT ASSETS**
Debtors and prepayments
10
Cash at bank and in hand
**CURRENT LIABILITIES**
Creditors falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL NET ASSETS/LIABILITIES**
Represented by:-
Funds of the charity
Restricted funds
13
Unrestricted funds
13|**2021**
**£**
**£**
2,203
32,337
145,408
177,745
2,157
175,588
177,791
12,717
165,074
177,791|**2021**
**£**
**£**
2,203
32,337
145,408
177,745
2,157
175,588
177,791
12,717
165,074
177,791|**2020**
**£**
**£**
2,693
9,341
163,749
173,090
1,779
171,311
174,004
8,026
165,978
174,004|**2020**
**£**
**£**
2,693
9,341
163,749
173,090
1,779
171,311
174,004
8,026
165,978
174,004| |---|---|---|---|---| ||32,337
145,408||9,341
163,749|| ||177,745
2,157||173,090
1,779|| |||177,791||174,004| |||12,717
165,074||8,026
165,978| |||177,791||174,004| 2 MEMBERS' SUBSCRIPTIONS |2
MEMBERS' SUBSCRIPTIONS|| |---|---| |MLT
Youth Theatre
3
DONATIONS
Lew Oliver
General donations
4
FUNDRAISING INCOME
Coffee mornings
MYT fundraising
5
OTHER INCOME
Programme advertising
Others
6
COMPANY RUNNING COSTS
Rent
Rates and council tax
Staff costs
Heating & lighting
Insurance
Postage printing stationery &
advertising
General repairs
Sundries
Depreciation
7
MANAGEMENT & ADMIN.
Restricted spend
Accountancy & bookkeeping|2021
2020
£
£
3,868
3,322
23,094
21,057| ||26,962
24,379| ||4,691
0
0| ||0
285
3,398
2,581| ||3,398
2,866| ||0
935
0
545| ||0
1,480| ||625
625
712
1,047
13,203
13,205
909
1,746
988
1,218
1,433
1,741
0
5,408
371
939
493
476| ||18,734
26,405| ||400
2,018
1,944| |8
NET MOVEMENT IN FUNDS
This is stated after charging
9
TANGIBLE FIXED ASSETS
**Cost**
As at 1st July 2020
Additions
As at 30th June 2021
**Depreciation**
As at 1st July 2020
Charge for year
As at 30th June 2021
**Net book value**
10
DEBTORS
11
CREDITORS FALLING DUE
WITHIN ONE YEAR|Depreciation
Accountancy
Leasehold
improvements
17,421
-|2021
2020
£
£
493
476
2,018
1,944
Fixtures &
equipment
Total
17,203
34,624
-
0| |---|---|---| ||17,421|17,203
34,624| ||15,613
271|16,315
31,928
222
493| ||15,884|16,537
32,421| ||1,537|666
2,203| ||Prepayments
_Due after one year:-_
Loan to Theatre Club
Accruals and creditors|2021
2020
£
£
354
0
31,983
9,341| |||32,337
9,341| |||2,157
1,779| |||2,157
1,779| ## 12 ANALYSIS OF ASSETS |12
ANALYSIS OF ASSETS|| |---|---| |Tangible fixed assets
Net other assets
13
STATEMENT OF
FUNDS
Unrestricted funds
Restricted funds:
Lew Oliver fund
Building fund
**TOTAL FUNDS**|Restricted, Lew
Oliver Fund
Restricted,
Building
Fund
Unrestricted
Total
£
£
£
£
2,203
2,203
4,762
7,955
162,871
175,588| ||4,762
7,955
165,074
177,791| ||As at 1st July
2020
Income
Spend
As at 30th
June 2021
165,978
30,368
31,272
165,074| ||71
4,691
4,762
7,955
-
-
7,955| ||8,026
4,691
0
12,717| ||174,004
35,059
31,272
177,791|