## CHARITY REGISTRATION NUMBER 222587 COMPANY REGISTRATION NUMBER 00594927
**DILYS GUITE PLAYERS LIMITED (THE) CONSOLIDATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2023**
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Ms Vivienne Mager|
|---|---|
||Mr Phillip Claxton|
||Ms Alison Glentworth|
||Ms Anne Herbert|
||Mr Kevin Jackson|
||Mr Damon Jackson-Waldock|
||Mr Harry Rowbotham|
||Ms Hannah Burgess (appointed 7 February 2023)|
|**Company number**|00594927|
|**Charity number**|222587|
|**Registered office**|The Lantern Theatre|
||Kenwood Park Road|
||Sheffield|
||South Yorkshire|
||S7 1NF|
|**Independent examiner**|Tom Wilcox|
||Counterculture Partnership LLP|
||Ducie Street|
||Manchester|
||M1 2JW|
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees’ report (including Directors’report)|1 – 6|
|Independent examiner’s report|7|
|Consolidated statement of financial activities|8|
|Statement of financial activities|9|
|Statement of financial position|10|
|Notes to the financial statements|12 – 19|
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) FOR THE YEAR ENDED 31 MAY 2023**
The Directors present their report and accounts for the year ended 31 May 2023.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's memorandum and articles of association, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016).
The Dilys Guite Players (DGP) began in 1946 and performed in Sheffield's Library Theatre. After the rescue of the then-derelict Chalet Theatre by Dilys Guite, a local drama schoolteacher, the building was renamed The Lantern Theatre. The Lantern Theatre is Sheffield's oldest surviving and only small Victorian theatre and is a Grade II listed building. The Theatre's beautiful and intimate setting is the home of the DGP. Their members are encouraged to become involved in a variety of areas of production. These include acting, new writing, set design, set building, stage management, directing, technical (lighting and sound), publicity, props, front-ofhouse, bar work and all aspects of theatre art.
## **The DGP Mission Statement**
The DGP is a not-for-profit community theatre group which stages an energetic and diverse entertainment programme at The Lantern. The DGP aims to create, develop, and nurture theatrical skills through the performance of productions. This includes collaborations and partnerships with like-minded groups to create a programme of the utmost quality, variety, and greatest possible accessibility within a sound and sustainable financial framework.
## **OBJECTIVES AND ACTIVITIES**
The Dilys Guite Players Charity and Limited company own the theatre. Their main objectives are to further dramatic art in all its forms and to educate young people in dramatic appreciation and study. Eight directors presently organise the company, one being a Company secretary, with the aim of devoting all of the company to its objectives as set out in the Memorandum of Association. Additionally, the charity and company aims are:
- To engender a Theatre that is welcoming, inclusive and open to all sections of the community.
- To enhance the Theatre's reputation, create and maintain a high profile, and become a vital component of the public and cultural life of the local community.
- To produce work that engages the Theatre's audiences and members.
- To offer opportunities to develop theatre and performance skills to both young people and adults, developing talent through new work and new ways of working.
- To unite with external parties to enhance and extend the quality and scope of our productions and other activities.
- To maintain and enhance the fabric and building of The Lantern Theatre through the efficient running and financial viability of the organisation.
- To maintain open and effective communication within the group by creating an environment where ideas can be discussed openly and democratically and with respect for all.
- 1 -
- To support and promote the theatre, securing its future through a members' volunteer programme.
## **VALUES**
The DGP aims to work with all members towards the achievement of an artistically exciting and financially sound organisation with an enthusiastic membership in a safe and healthy environment.
The DGP Board commits to providing effective leadership through:
- Setting and communicating a clear vision of the future of the DGP and Lantern Theatre
- Sharing information
- Encouraging feedback from its members
- Raising the profile of the DGP and the Lantern Theatre
## **MEMBERSHIP**
Our members are required to:
- Contribute to the Theatre's continuing success in practical ways
- Be flexible and responsive to the needs of the group
- Behave in a safe and responsible manner
- Act as ambassadors for the theatre
- Build an environment of trust, respect, and cooperation in a friendly and welcoming environment
- Regularly review the needs of the group
- Take pride in the DGP and the Lantern Theatre
Membership is open to both paid DGP members and front-of-house volunteers (no membership fees). Paid membership applies to the creative element of the theatre and backstage opportunities. Auditions are workshop style, meaning no preparation is necessary. This encourages new actors to the stage along with experienced members and the casting decisions are made by directors and their assistants with support and approval by the DGP Board. This ensures we involve as many members as possible across various productions and experience levels.
The Directors have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.
Currently, the Charity has no employees and runs entirely on volunteers. We thank them for their continued support, expertise, and dedication throughout the year.
## **ACHIEVEMENTS AND PERFORMANCE**
In the year to 31 May 2023; we saw audience numbers rise following the initial reopening after the lockdown. It was a steady climb, with one-off hire events bringing in decent audience numbers, but plays still saw numbers that showed people were either cautious or thinking about their spending. People looking to register to volunteer or participate in shows dramatically increased over the year. COVID-19, even with careful measures being taken, still impacted productions, with some opening nights being delayed or dates being cancelled, leading to short show runs.
While the focus always remains on the productions created by the DGP, additional external hires continue to help subsidise our income. Music and magic events were very successful, and we saw a lot of interest from local school groups for tours, leading to them hiring the space for performance and learning activities. Filming and photography projects also showed interest in the venue, leading to further daytime and weekend hires.
- 2 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **FINANCIAL REVIEW**
The directors aim to maintain adequate reserves to ensure that the theatre continues in the future.
Reserves are needed due to the seasonal nature of theatre in relation to ticket sales, periods of darkness when productions do not take place, in the event of hirers cancelling their shows and being able to finance future DGP productions given all the previous. The building is an important asset, requires maintenance, and may require extended periods of darkness to allow this to occur, where no income is generated. The directors keep a reserve of £20,000 and, following last year's unexplainable insurance rise, were able to move insurers mid-year to make a significant saving on that cost.
The risks are reviewed regularly, and appropriate systems are in place to mitigate the effect of any significant risk.
## **Plans for future periods**
New furniture for the front-of-house is now being finalised.
We continue to look at the long-term future and our strategy to improve the condition of the building. Projects are still ongoing due to the continued issues of the last year regarding funding schemes and audiences slowly returning:
- Engaging with local University departments regarding the possibility of them including the work in project assignments for educational purposes and in keeping with the community aspect of the venue
- Approaching local groups regarding how we can open the venue for social interaction
- Providing technology (e.g. hearing loop system) and improving the limited wheelchair space in the auditorium
- The creation of rehearsal and workshop space on the site
The account figures show restricted funds of £10,623. This includes a generous Nether Edge Community Group donation to improve/repair the roof. These funds have not yet been used due to the amount that will be needed and will require further grants or funding, but these are included in our future plans.
Additionally, donations to the DGP have been received from our audiences via our online box office facilities and a collection box in the venue. These funds are used to support general building maintenance, productions and costs relating to the running of the theatre.
- 3 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **Structure, governance and management**
The company, a registered charity, was incorporated on 6 December 1957 under the Companies Act 1948 and is a company limited by guarantee and not having a share capital.
The Lantern Theatre was built for private use in 1893 and in the 1930s was unoccupied and falling into disrepair. In 1957 it was discovered by Dilys Guite, a local actress and drama teacher. Dilys set up an amateur theatrical group in the theatre after agreeing to a "peppercorn" rent with the then owner Mr. Richardson. Mr. Richardson was so impressed with the group’s efforts that he gave the theatre to them in memory of his wife. The theatre and its outbuildings are Grade 2 listed.
The members of the Charity are the Directors who served during the year. They were:
Ms Vivienne Mager Mr Phillip Claxton Ms Alison Glentworth Ms Anne Herbert Mr Kevin Jackson Mr Damon Jackson-Waldock Mr Harry Rowbotham Ms Hannah Burgess
The Charity may, by ordinary resolution, appoint any person willing to be a director. The directors may appoint any person willing to act as a director. The appointment of a director, whether by the Charity or by the other directors, must not cause the number of directors to exceed any number fixed as the maximum number of directors.
Positions available on the board will be advertised, and candidates will be required to attend an interview with the charity/board of directors. The applications must be sent in writing to the current board. Following interviews with selected candidates, the board will appoint the successful candidate based on appropriate skills for the role.
None of the members of the Directors has any beneficial interest in the company.
The company is occupied in the same building as Lantern Theatre Limited, a company incorporated on 10 January 2012.
The trustees' report was approved by the Board of Directors
**Mr Kevin Jackson Trustee**
Dated: **30 January 2024**
- 4 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF DILYS GUITE PLAYERS LIMITED (THE)**
## **FOR THE YEAR ENDED 31 MAY 2023**
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 May 2023.
## **Responsibilities and basis of report**
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiners statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Tom Wilcox Counterculture Partnership LLP Ducie Street Manchester M1 2JW
Dated: 31 January 2024
- 5 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2023**
|**Unrestricted**
**funds**
**Notes £**
**Income from:**
Donations
**2**
614
Charitable activities
**3**
37,340
Investment income
**4**
7,527
**Total income**
45,481
**Expenditure on:**
Charitable activities
**5**
36,841
**Total expenditure**
36,841
**Net income before transfers**
8,640
**Gross transfer between funds**
-
**Net movement in funds**
8,640
**Fund balances at 1 June 2022**
59,507
**Fund balances at 31 May 2023**
68,147|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
10,623
10,623|**Total**
**2023**
**£**
614
37,340
7,527
45,481
36,841
36,841
8,640
-
8,640
70,130
78,770|**Total**
**2022**
**£**
5,026
13,506
3,930
22,462
44,235
44,235
(21,773)
-
(21,773)
91,903
70,130|
|---|---|---|---|
||
|||
The statement of financial activities has been prepared on the basis that all operations are continuing operations. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 6 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MAY 2023**
|**Unrestricted**
**funds**
**Notes £**
**Income from:**
Donations
**2**
6,614
Charitable activities
**3**
22,657
Investment income
**4**
7,527
**Total income**
36,798
**Expenditure on:**
Charitable activities
**5**
28,254
**Total expenditure**
28,254
**Net income before transfers**
8,544
**Gross transfers between funds**
**-**
**Net movement in funds**
8,544
**Fund balances at 1 June 2022**
58,850
**Fund balances at 31 May 2023**
67,394|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
10,623
10,623|**Total**
**Total**
**2023**
**2022**
**£**
**£**
6,614
5,026
22,657
8,028
7,527
3,930
36,798
16,984
28,254
39,698
28,254
39,698
8,544
(22,714)
-
-
8,544
(22,714)
69,473
92,187
78,017
69,473|
|---|---|---|
||||
The statement of financial activities has been prepared on the basis that all operations are continuing operations. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.
- 7 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **CONSOLIDATED BALANCE SHEET AS AT 31 MAY 2023**
|**Notes**
**Fixed assets**
Tangible assets
**7**
**Current assets**
Stock
Debtors
9
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
10
**Net current assets**
**Total assets less current liabilities**
**Income funds**
Restricted funds
11
Unrestricted funds
Non-charitable trading funds|**2023**
**£**
2,234
185
70,709
73,128
(4,496)
|
**£**
10,138
68,632
78,770
10,623
68,147
-
78,770|**2022**
**£**
2,368
-
59,530
61,898
(3,120)
|
**£**
11,352
58,778
70,130
10,623
59,507
-
70,130|
|---|---|---|---|---|
For the financial year 31 May 2023, the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The accounts were approved by the Trustees on **24 January 2024**
**Mr Kevin Jackson Trustee**
**Company number: 00594927**
- 8 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **BALANCE SHEET AS AT 31 MAY 2023**
|**Notes**
**Fixed assets**
Tangible assets
**7**
**Current assets**
Debtors
9
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
10
**Net current assets**
**Total assets less current liabilities**
**Income funds**
Restricted funds
11
Unrestricted funds|**2023**
**£**
21,468
54,603
76,071
(6,724)
|
**£**
8,670
8,670
69,347
78,017
10,623
67,394
78,017|
|**2022**
**£**
12,640
49,494
62,134
(2,295)|
**£**
9,634
-
9,634
59,839
69,473
10,623
58,850
69,473|
|---|---|---|---|---|---|
|||||||
For the financial year ended 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The accounts were approved by the Trustees on **24 January 2024**
**Mr Kevin Jackson Trustee**
**Company number: 00594927**
- 9 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **NOTES TO THE CONSOLIDATED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2023**
## **1 Accounting policies**
## **1.1 Accounting convention**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
The accounts are prepared in sterling, which is the presentational currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
## **1.2 Going concern**
At the time of approving the accounts, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.
## **1.4 Incoming resources**
Grants are accounted for on a receivable basis.
Voluntary income is received by way of donations and gifts and is included in the Statement of Financial Activities when receivable except insofar as they are incapable of measurement.
Income from activities for generating funds represents amounts receivable for bar sales.
## **1.5 Resources expended**
Resources expended are recognised in the year in which they are incurred inclusive of irrecoverable VAT and are allocated to the headings in the Statement of Financial Activities based on their nature.
Costs of generating voluntary income includes expenditure relating to the raising of funds.
Expenditure relating to charitable activities includes all the costs relating to the delivery of its activities and services to its beneficiaries.
Support costs are overheads with the allocation of support salary costs and other administration costs.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
- 10 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **1 Accounting policies (continued)**
- **1.6 Tangible fixed assets and depreciation**
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Computer equipment 10% reducing balance. Land and buildings 10% reducing balance.
- 11 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
|**2**|**Donations**|||||
|---|---|---|---|---|---|
||||**Group and Charity**|||
|||**Unrestricted**|**Restricted**|**Total**|Total|
|||**funds**
|**funds**|**2023**|2022|
|||**£**|**£**|**£**|**£**|
||Donations and grants|614|-|614|5,026|
|**3**
**Charitable activities**
Programme sales
Bar Income
**4**
**Investment income**
Rental Income
Interest|**Group**
**Total**Total
**2023**2022
**£**£
22,657
8,028
14,683
5,478
37,340
13,506
**Group**
**Total**
Total
**2023**
2022
**£**
£
7,484
3,925
43
5
7,527
3,930|**Charity**
**Total**
**2023**
**£**
22,657
-
22,657
**Charity**
**Total**
**2023**
**£**
7,484
43
7,527
|Total
2022
£
8,028
-
8,028
Total
2022
£
3,925
5
3,930|
|---|---|---|---|
- 12 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **5 Charitable activities**
|
Cost of productions
Cost of bar
Support costs:
Finance
Premises
Depreciation
Insurance
Legal
IT
General admin
**Analysis by fund**
Unrestricted funds
Restricted funds|**Group & Charity**
**2023**
**2022**
**£ £**
-
3,072
6,853
3,216
1,771
2,127
15,012
21,188
1,453
1,643
3,649
6,765
1,613
681
2,655
1,268
3,837
4,274
36,841
44,235
36,841
40,130
-
4,105
36,841
44,235|
|---|---|
Finance costs includes payments to the independent examiner of £1,656 (2022: £1,440) for independent examination fees of the charity and consolidated group accounts.
## **6 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or expenses during the year (2022: £nil).
- 13 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **7 Tangible fixed assets**
|**Group**
**Land and**
**Computer**
**Buildings**
**equipment**
**£**
**£**
**Cost**
At 1 June 2022 25,561
42,972
Additions -
239
**At 31 May 2023**25,561
43,211
**Depreciation**
At 1 June 2022 22,532
34,649
Charge for the year303
1,150
**At 31 May 2023**22,835
35,799
**Net book value**
**At 31 May 2023**2,725
7,412
At 31 May 20223,029
8,323
**Charity**
**Land and**
**Computer**
**Buildings**
**equipment**
**£**
**£**
**Cost**
At 1 June 2022 25,561
37,676
Additions -
-
**At 31 May 2023**25,561
37,676
**Depreciation**
At 1 June 2022 22,533
31,070
Charge for the year303
661
**At 31 May 2023**22,836
31,731
**Net book value**
**At 31 May 2023**2,725
5,945
At 31 May 20223,029
6,605|**Total**
**£**
68,533
239
68,772
57,181
1,453
58,634
10,138
11,352
**Total**
**£**
63,237
-
63,237
53,603
964
54,567
8,670
9,634|
|---|---|
- 14 -
## **DILYS GUITE PLAYERS LIMITED (THE) NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **8 Fixed assets investments**
The charitable company controls Lantern Theatre Ltd which is a UK company limited by guarantee. This subsidiary is included in these consolidated accounts.
## **9 Debtors**
|**Group**
**2023 2022**
**£ £**
Amounts owed by group undertakings
-
-
Other debtors
-
-
Accrued income and prepayments
185
-
Trade debtors
-
-
185
-
|**Charity**
**2023 2022**
**£**
**£**
12,640
12,640
-
-
185
-
-
-
12,825
12,640|
|---|---|
## **10 Creditors: amounts falling due within one year**
|
Other creditors
Trade creditors
Accruals and deferred income
|**Group**
**2023 2022**
**£ £**
273
582
2,153
-
2,070
2,538
4,496
3,120|**Charity**
**2023 2022**
**£**
**£**
273
582
2,152
-
1,656
1,713
4,081
2,295|**Charity**
**2023 2022**
**£**
**£**
273
582
2,152
-
1,656
1,713
4,081
2,295|
|---|---|---|---|
||||2,295|
- 15 -
## **DILYS GUITE PLAYERS LIMITED (THE) NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
## **11 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.
|||**Group and Charity**||
|---|---|---|---|
|||**Movement in funds**||
||**Balance at**|**Incoming Resources Transfer**|**Balance at**|
||**1 June**|**resources expended between**|**31 May**|
||**2022**|**funds**|**2023**|
||**£**
|**£ £ £**|**£**|
|Roof Account|10,623|
-
-
-|10,623|
||10,623|-
-
-|10,623|
## **Roof Account**
Is a fund held to contribute towards roof repairs and or replacement.
## **12 Analysis of net assets between funds**
|**12**
**Analysis of net assets between funds**||||
|---|---|---|---|
|||**Group**||
||**Unrestricted**|**Restricted**|**Total**|
||**funds**|**funds**||
||**£**|**£**|**£**|
|Fund balances at 31 May 2023 are||||
|represented by:||||
|Net assets|68,147|10,623|78,770|
||68,147|10,623|78,770|
- 16 -
## **DILYS GUITE PLAYERS LIMITED (THE)**
## **NOTES TO THE CONSOLIDATED ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31 MAY 2023**
|**Charity**
**Unrestricted**
**Restricted**
**funds funds**
**£ £**
Fund balances at 31 May 2023 are
represented by:
Net assets
67,394
10,623
67,394
10,623|**Total**
**£**
78,017
78,017|
|---|---|
## **13 Related parties**
The charitable company has control of 100% of the assets and trade of Lantern Theatre Limited, a company limited by guarantee. The company has a bar with the aim of generating profits which it can donate to its parent (company number 07904582).
Details of the subsidiary company’s assets at 31 May 2023 and results for the year then ended are as follows:
|**Lantern**
Turnover
Cost of sales
Gross profit
Administrative expenses
Profit for the period
Tangible fixed assets
Stock
Cash at bank and in hand
Current (liabilities)
Net current (liabilities)
Net assets|**Theatre**
**Ltd**
**£**
14,683
(7,342)
7,341
(7,246)
95
1,468
2,234
16,106
19,808
(19,056)
752
752|
|---|---|
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