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2023-06-30-accounts

The Middlesbrough Little Theatre Limited

Legal and Administrative Information

Directors and Trustees

Chairman Mr J.A.Harrison Mr J.A.Harrison
Hon.Secretary Mrs C M Henderson
Elected members Mrs M L Anderson, Mr.R.Burton,
Mr N J S Holford (resigned 24th November 2022), Mrs C A Lee,
Mrs C J McEwan, Mrs W Middleton (appointed 24th November 2022),
Mrs C W Narey, Mr L.M.Sayers, Mr R Tunnicliffe,
Directors Mr M.J.Crooks, Mr S Jones (appointed 24th November 2022)
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
Accountants Jones Harper
Chartered Accountants
25 Roseberry Road
Billingham
TS23 2SD
Independent Examiner J.W.Hugill – Accountants
Room101 The Grange Business Centre
Belasis Avenue
Billingham
TS23 1LG

The Middlesbrough Little Theatre Limited

Report of the trustees for the year ending 30th June 2023

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 2023.

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 and the performing arts - drama, dancing, singing and music. This involves young people, from the age of seven, as well as adults.

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

The season began with a performance of The Ladykillers by Graham Linehan in October 2022. The complex set was splendidly built by the MLT backstage team.

The production was nominated for a National Operatic and Drama Association award for ‘Best Play’. The awards ceremony will be in October 2023.

In March 2023 The woman who cooked her husband by Debbie Issit was performed. This play was a directorial debut for one of our members. Another of our members will be directing for the first time next season. We are very pleased to have new directors.

The Hound of the Baskervilles followed in May 2023. This was a gloriously funny version of Sir Arthur Canon Doyle’s story by Steven Canny and John Nicholson. It was a very lively production with just three actors playing fourteen characters.

Two of our actors were nominated for individual NODA awards.

All plays attracted good audiences and made a profit.

Sadly we were not able to go ahead with the planned production in the Studio at the end of the season. A variety show was put together entitled Party Pieces. This proved to be very popular and there were requests to make it an annual event.

The company youth section, Middlesbrough Youth Theatre, has had another successful year. Since last June they have been busy with four performances. In November 2022 they performed MYT Through the Years, a wonderful collection of songs from past MYT shows, staged in a concert setting. Following this the Year-10+ students had the opportunity to perform Everybody’s Talking About Jamie, the smash hit musical that took the North East by storm. The production was nominated for a NODA Best Musical award and two cast members were nominated for individual awards. The older students put on a play Spring Awakening in the Studio at the end of the season. The students themselves were involved in every aspect of the production. There were some very strong performances with lots of energy and tickets were sold out on the first and last nights.

The group for the youngest members of MYT, Kidstage, were in the Middlesbrough Theatre in July 2023. This was their second time in the theatre. The very talented large cast performed a version of Disney’s Aladdin. All three nights sold out at the box office.

Currently MYT has around a hundred members with a further hundred on a waiting list. The leaders are keen to take on more students, but lack of rehearsal space is preventing this. Our home, Toft House, has limited space so other venues have to be hired for rehearsals.

Future Developments

We will continue with our usual programme of four productions a year, one in our Studio theatre and three in Middlesbrough Theatre. Go Back for Murder by Agatha Christie will be performed in October 2023. The Thrill of Love by Amanda Whittington, Time and Time Again by Alan Ayckbourn, The Memory of Water by Shelagh Stephenson and A Bunch of Amateurs by Ian Hislop and Nick Newman have been chosen for 2024.

MYT are performing Elf the musical by Chad Beguelin and Matthew Skylar in November 2023.

In November 2022 Middlesbrough Council commissioned a full-scale survey of our premises. As a result of this a great deal of work has had to be carried out in the building – including installing fire doors and upgrading the alarm system. We can no longer keep our extensive wardrobe department in Toft House and have had to considerably reduce its size and find alternative accommodation for the remaining costumes. This situation will make difficulties in costuming our plays in the future and so will restrict our choice of plays.

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.

Directors and Trustees

All trustees are also directors of the company and, currently, there are two 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;-

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 7th September 2023 and signed on its behalf

The Middlesbrough L5tt1eTheatre Llmlted IndependÈnt Examiners's Report to the Executive Q>mmlttee of The Mlddlesbrou¥h LIt￿eTheatre Llmlted I report to the ExecutÈve Committee on my examlnation of the accounts of The Middlesbrough Little Theatre Limited for the year ended 30 June 2023 Responsibllltles and bè515 of report As the charity trustees and dtrectors of The Middlesbrough Ltttle Theatre Limited you are responsible for the preparation of the accounts in accordan¢e the requirements of the CharitiÈs Act 20111'the Art'l I report in respect of my exsmination of The Middlesbrough Little Theatre Limited's accounts carried out under Section 145 of the 2011 Act and in carrying out my examination I have followed all applicable dlrertions gtverb by the Charity Commlssion under sÈ¢rion 14515llbl of the Act. Independent examiner's statement I have completed my examination, I confimi that no material matters have come to my attention in connection with the examination giving MÈ cause to to believe that in any material respect: l. accounting records were not kept in respect of The Mtddlesbrough ￿ttle Theatre Limited as required by sect40n 130 of the Act.. or 2. the accounts do not accord with those records.. or 3. the accounts do not comply with the accounting requirements concerning thè forms and content of Jhe accounts set out in the Charities IAccounts and Reports) RegLElation5 2008 other than any requirement that the èccounts give a 'true and fair view. which is not a matter considered a5 part of an independent exam¢nation. I have no concerns and have come across no other matters in connèction with the examination to which attention should be drawn in this report in order to enablÈ a proper understandinE of the accounts to be reached. J.W. Hugill- Accountants Room 103 The Grange Business Centre, Belasis Avenue, Billingham. TS23 ILG. 11-Jan-24

Middlesbrough Little Theatre Limited Statement of financial activities (incorporation an Income & Expenditure Account) for the year ended 30th June 2023

INCOMING RESOURCES

Incoming resources from generated funds

----- Start of picture text -----
Restricted Unrestricted 2023 2022
Note £ £ £ £
Voluntary income:
Members' subscriptions 35,923 35,923 29,225
Donations 1 0 1,004 1,004 0
Activities generating funds
Fundraising 2 2,493 2,493 1,823
Investment income 0
Bank interest received 563 563 0
Total 0 39,983 39,983 31,048
Incoming resources from charitable activities
Restricted Unrestricted 2023 2022
Note £ £ £ £
Production income
Adult Theatre 9,413 9,413 3,810
Youth Theatre 26,132 26,132 28,410
Other income 3 417 417 38
Total 0 35,962 35,962 32,258
TOTAL INCOMING RESOURCES 0 75,945 75,945 63,306
----- End of picture text -----

Middlesbrough Little Theatre Limited Statement of financial activities (incorporation an Income & Expenditure Account) for the year ended 30th June 2023

RESOURCES EXPENDED

Note Restricted
Unrestricted
2023
2022
£
£
£
£
Charitable activities:
Cost ofproductions:-
Adult Theatre 8,446
8,446
6,877
Youth Theatre 45,861
45,861
48,724
Companyrunningcosts
4		 25,192
25,192
11,423
0
Governance costs 0
Management and administration
5		 2,064
2,064
2,446
TOTAL RESOURCES EXPENDED
RESOURCES RECEIVED LESS
EXPENDED
6
FUNDS BROUGHT FORWARD
FUNDS CARRIED FORWARD
0
81,563
81,563
69,470
0
-5,618
-5,618
-6,164
12,217
158,914
171,131
177,795
12,217
153,296
165,513
171,631

Middlesbrough Little Theatre Limited Balance Sheet as at 30th June 2023

Note
FIXED ASSETS
Tangible fixed assets
7
CURRENT ASSETS
Debtors and prepayments
8
Cash at bank and in hand
CURRENT LIABILITIES
Creditors falling due within one year
9
NET CURRENT ASSETS
TOTAL NET ASSETS/LIABILITIES
Represented by:-
Funds of the charity
Restricted funds
10
Unrestricted funds
10		 2023
£
£
2,994
17,779
147,496
165,275
2,756
162,519
165,513
12,217
153,296
165,513		 2023
£
£
2,994
17,779
147,496
165,275
2,756
162,519
165,513
12,217
153,296
165,513		 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
17,779
147,496		 33,041
144,163
165,275
2,756		 177,204
7,379
165,513 171,631
12,217
153,296		 12,717
158,914
165,513 171,631
1
DONATIONS
Lew Oliver
General donations
2
FUNDRAISING INCOME
Coffee mornings
MYT fundraising
3
OTHER INCOME
Others
4
COMPANY RUNNING COSTS
Rent
Rates and council tax
Heating & lighting
Insurance
Postage printing stationery
& advertising
Cleaning
General repairs
Sundries
Depreciation
5
MANAGEMENT & ADMIN.
Restricted spend
Accountancy &
bookkeeping		 2023
2022
£
£
0
0
1,004
0
878
213
1,615
1,610
2,493
1,823
417
38
417
38
625
625
1,455
724
4,578
1,315
866
499
1,011
1,607
5,469
3,728
9,674
1,566
1,193
961
321
398
25,192
11,423
0
2,064
2,018

6 NET MOVEMENT IN FUNDS

This is stated after charging
7
TANGIBLE FIXED ASSETS
Cost
As at 1st July 2022
Additions
As at 30th June 2023
Depreciation
As at 1st July 2022
Charge for year
As at 30th June 2023
Net book value
8
DEBTORS
9
CREDITORS FALLING DUE
WITHIN ONE YEAR		 Depreciation
Accountancy
Leasehold
improvements
17,421
-		 2023
2022
321
398
2,064
2,446
Fixtures &
equipment
Total
17,203
34,624
1,508
1,508
17,421 18,711
36,132
16,115
195		 16,702
32,817
126
321
16,310 16,828
33,138
1,111 1,883
2,994
Prepayments
Other debtor
Due after one year:-
Loan to Theatre Club
Accruals and
creditors		 2023
2022
£
£
0
0
0
11,623
16,828
21,418
16,828
33,041
2,756
7,379
2,756
7,379

10 ANALYSIS OF ASSETS

Tangible fixed assets
Net other assets
11
STATEMENT OF
FUNDS
Unrestricted funds
Restricted funds:
Lew Oliver fund
Building fund
TOTAL FUNDS		 Restricted, Lew
Oliver Fund
Restricted,
Building
Fund
Unrestricted
Total
£
£
£
£
2,994
2,994
4,262
7,955
150,302
162,519
4,262
7,955
153,296
165,513
As at 1st July
2022
Income
Spend
As at 30th
June 2023
158,914
75,945
81,563
153,296
4,262
0
0
4,262
7,955
0
0
7,955
12,217
0
0
12,217
171,131
75,945
81,563
165,513