## **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;-
- 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 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
**----- End of picture text -----**
**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|