The Middlesbrough Little Theatre Limited
Legal and Administrative Information
Directors and Trustees
| Chairman | Mr J.A.Harrison (appointed January 2022) |
|---|---|
| Hon.Secretary | Mrs C M Henderson |
| Elected members | Mrs M L Anderson, Mr.R.Burton (appointed January 2022), |
| Mr N.J.S.Holford, Mrs C A Lee, Mrs C J McEwan, Mrs C W Narey, | |
| Mrs G.Sigsworth-Goulding (resigned January 2022), | |
| Mr L.M.Sayers (appointed January 2022), Mr R Tunnicliffe, | |
| Director | Mr M.J.Crooks |
| 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 2022
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 2022.
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 one pound..
The Trustees for the purpose of charity law and under the company’s articles are elected onto the Executive Committee for a period of one or three years at the Annual General Meeting.
Developments, Activities and Achievements
By July 2021, as Middlesbrough Theatre had reopened, we were able to resume productions by performing Bouncers by John Godber. Three of Alan Bennett’s Talking Heads were performed in October 2021, and Twinkle by Philip Meeks in November 2021, both plays having been postponed from the previous year. Twinkle received a National Operatic and Drama Association nomination for Best Actor.
The March 2022 production of Grow Up Grandad by Gordon Steel, a local playwright, won NODA awards for Best Actor and Best Play.
In May 2022 Ladies Down Under by Amanda Whittington was performed in the theatre.
It had not been possible to use our Studio theatre for performance during the pandemic because of the limited space. So I Thought I Heard A Rustling by Alan Plater at the end of June 2022 was the first Studio production since 2019.
The company youth section, Middlesbrough Youth Theatre, performed a lively showcase of drama, singing and dancing entitled Crescendo. The musicals Cats and Bugsy Malone, originally planned for 2020, were staged in the spring 2022. MYT was very successful at the NODA awards night in September 2022 winning four awards for their production of Cats and three of the students won four individual awards between them.
As in previous years several of the students have won places at colleges or universities to study for a career in theatre
The group for the youngest members of MYT, Kidstage, were in the Middlesbrough Theatre for the first time with their production of Alice in Wonderland.
Future Developments
We will continue with our usual programme of four productions a year, one in our Studio theatre and three in Middlesbrough Theatre. The Woman Who Cooked Her Husband by Debbie Isitt, The Merry Wives of Windsor by William Shakespeare, I Ought to be in Pictures by Neil Simon and Look Back For Murder by Agatha Christi have been chosen for 2023. We are pleased that two of the plays will be directed by members of MLT who are directing for us for the first time. In November 2022 MYT will celebrate their wealth of talent with a showcase entitled MYT Through The Years.
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.
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 did maintain this level of reserves throughout the pandemic.
Directors and Trustees
All trustees are also directors of the company and, currently, there is one other director.
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;-
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Select suitable accounting policies and then apply them consistently
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Make judgments and estimates that are reasonable and prudent
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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
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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 21st September 2022 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 2022.
Stephen Jones ACA Jones Harper Accountants 25 Roseberry Road Billingham TS23 2SD
September 2022
Middlesbrough Little Theatre Limited Statement of financial activities (incorporation an Income & Expenditure Account) for the year ended 30th June 2022
INCOMING RESOURCES
Incoming resources from generated funds
----- Start of picture text -----
Restricted Unrestricted 2022 2021
Note £ £ £ £
Voluntary income:
Members' subscriptions 2 29,225 29,225 26,962
Donations 3 0 0 0 4,691
Activities generating funds
Fundraising 4 1,823 1,823 3,398
Investment income
Bank interest received 0 0 8
Total 0 31,048 31,048 35,059
Incoming resources from charitable activities
Restricted Unrestricted 2022 2021
Note £ £ £ £
Production income
Adult Theatre 3,810 3,810 0
Youth Theatre 28,410 28,410 0
Other income 5 38 38 0
Total 0 32,258 32,258 0
TOTAL INCOMING RESOURCES 0 63,306 63,306 35,059
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Middlesbrough Little Theatre Limited Statement of financial activities (incorporation and Income & Expenditure Account) for the year ended 30th June 2022
RESOURCES EXPENDED
| Note | Restricted Unrestricted 2022 2021 |
|---|---|
| £ £ £ £ |
|
| Charitable activities: | |
| Cost ofproductions:- | |
| Adult Theatre | 6,877 6,877 1,778 |
| Youth Theatre | 33,697 33,697 8,742 |
| Theatre runningcosts 6 |
26,450 26,450 18,734 |
| Governance costs | |
| Management and administration 7 |
2,446 2,446 2,018 |
| TOTAL RESOURCES EXPENDED RESOURCES RECEIVED LESS EXPENDED 8 FUNDS BROUGHT FORWARD FUNDS CARRIED FORWARD |
|
| 0 69,470 69,470 31,272 |
|
| 0 -6,164 -6,164 3,787 12,717 165,078 177,795 174,004 |
|
| 12,717 158,914 171,631 177,791 |
Middlesbrough Little Theatre Limited Balance Sheet as at 30th June 2022
| 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 |
2022 £ £ 1,806 33,041 144,163 177,204 7,379 169,825 171,631 12,717 158,914 171,631 |
2022 £ £ 1,806 33,041 144,163 177,204 7,379 169,825 171,631 12,717 158,914 171,631 |
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 |
|---|---|---|---|---|
| 33,041 144,163 |
32,337 145,408 |
|||
| 177,204 7,379 |
177,745 2,157 |
|||
| 171,631 | 177,791 | |||
| 12,717 158,914 |
12,717 165,074 |
|||
| 171,631 | 177,791 |
Notes to the financial statements for the year ended 30th June 2022
- 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 Cleaning General repairs Sundries Depreciation 7 MANAGEMENT & ADMIN. Restricted spend Accountancy & bookkeeping |
2022 2021 £ £ 2,366 3,868 26,859 23,094 |
| 29,225 26,962 |
|
| 0 4,691 0 0 |
|
| 213 0 1,610 3,398 |
|
| 1,823 3,398 |
|
| 0 0 38 0 |
|
| 38 0 |
|
| 625 625 724 712 15,027 13,203 1,315 909 499 988 1,607 1,433 3,728 1,566 0 961 371 398 493 |
|
| 26,450 18,734 |
|
| 0 2,446 2,018 |
| 8 NET MOVEMENT IN FUNDS This is stated after charging 9 TANGIBLE FIXED ASSETS Cost As at 1st July 2022 Additions As at 30th June 2022 Depreciation As at 1st July 2021 Charge for year As at 30th June 2022 Net book value 10 DEBTORS 11 CREDITORS FALLING DUE WITHIN ONE YEAR |
Depreciation Accountancy Leasehold improvements 17,421 - |
2022 2021 398 493 2,446 2,018 Fixtures & equipment Total 17,203 34,624 - 0 |
|---|---|---|
| 17,421 | 17,203 34,624 |
|
| 15,884 230 |
16,537 32,421 167 397 |
|
| 16,114 | 16,704 32,818 |
|
| 1,307 | 499 1,806 |
|
| Prepayments Other debtor Due after one year:- Loan to Theatre Club Accruals and creditors |
2022 2021 £ £ 0 354 11,623 0 21,418 31,983 |
|
| 33,041 32,337 |
||
| 7,379 2,157 |
||
| 7,379 2,157 |
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 £ £ £ £ 1,806 1,806 4,762 7,955 157,108 169,825 |
|---|---|
| 4,762 7,955 158,914 171,631 |
|
| As at 1st July 2021 Income Spend As at 30th June 2022 165,078 63,306 69,470 158,914 |
|
| 4,762 0 0 4,762 7,955 0 0 7,955 |
|
| 12,717 0 0 12,717 |
|
| 177,795 63,306 69,470 171,631 |