COMPANY REGISTRATION NUMBER: 00789918 CHARITY REGISTRATION NUMBER: G234288A/1
The Lindley Players Limited Company Limited by Guarantee Unaudited Financial Statements 31 December 2023
BURGESS HODGSON LLP
Chartered accountants Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
The Lindley Players Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2023
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities (including income and | |
| expenditure account) | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
| The following pages do not form part of the financial statements | |
| Detailed statement of financial activities | 16 |
| Notes to the detailed statement of financial activities | 18 |
The Lindley Players Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
Chair's report
2023 was forecast to be a promising year for the society and we met or exceeded all our targets. We staged eight Lindley Players and Youth Group productions, screened seven NT Live plays, hosted fifteen music events and five local theatre and school events throughout the year. In excess of 10,100 tickets were sold for all events. The total of 69 nights of events and an average of 80% capacity houses is an excellent achievement in a time of economic uncertainty. As a result, we had an operating surplus of £38,000 for the year (2022 figure was £22,000). During the year we did see the full year impact of the energy price rises (which came in during 2022) however but the actual spend was slightly lower than forecast due to the warmer winter of 2022/23 and better control of our usage. For the coming year we have energy contracts in place at lower rates than in 2022 so we are hopeful that we will see energy costs reducing somewhat going forward. Income from tickets sales was also higher as we had increased ticket prices in the latter part of 2022.
We are very pleased to report that our membership increased during 2023 to 407 members (2022 was 370) which included 37 student members.
We also continued our plan of continual improvement to the Playhouse with a full refurbishment of the public toilets, significant purchases of new equipment including a new lighting desk and additional versatile and efficient LED stage lighting fixtures.
Looking forward to 2024, we have already successfully staged our 2024 pantomime and there is a full program of events scheduled so we are predicting another successful year ahead.
Nick Farrow Chair March 2024
- 1 -
The Lindley Players Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2023
Reference and administrative details
Registered charity name Charity registration number G234288A/1 Company registration number 00789918
The Lindley Players Limited
Principal office and registered Whitstable Playhouse office 104 High Street Whitstable Kent CT5 1AZ United Kingdom
The trustees
Mr N Farrow Mrs C Lee Mrs P M Battson Company secretary Mr P Bressington Independent examiner Thomas Saltmer Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
Structure, governance and management
Governing documents
The Lindley Players Limited is a company limited by guarantee and is governed by its Memorandum and Articles of Association. It is also a registered charity with the Charity Commission.
Committee
The day to day operation of the charity are carried out by an appointed committee. The committee members who served during the year are set out within the Trustees report
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees are also directors of the charity for the purposes of the Companies Act 2006.
Trustees are appointed in accordance with the charity's Memorandum and Articles of Association.
- 2 -
The Lindley Players Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2023
(continued)
Committee
The trustees are assisted in achieving the charity's objectives by an appointed committee that organise and run its theatrical productions and the day to day running of The Playhouse Theatre. Members of the committee are appointed on an annual basis, or as required.
President Mr Peter Bressington Chairman Mr Nick Farrow Vice-Chairman Mrs Amanda Hunt Secretary Mrs Pam Battson Treasurer Mrs Carol Lee Front of House Mrs Geraldine Deas Publicity Miss Lucie Nash Social Secretary Mrs Tracy Parvin Committee Mrs Gemma Conway Elected 17/05/23 Mr Christy Hinchliffe Elected 17/05/23 Mrs Sarah Hinchliffe Elected 17/05/23 Mrs Alex Mitchell Elected 17/05/23 Mrs Rebecca Strike Elected 17/05/23 Co-opted Members Mrs Sandra Masters Lettings Officer Mrs Marilyn Gillanders Bar Manager Ms Mel Sacre H&S Officer (Co-opted 11/04/23) Mr Christy Hinchliffe Drama Co-ordinator (Resigned 15/02/23) Mr Dan Coles Drama Co-ordinator Elected 15/02/23
Objectives and activities
The company's principal activities during the year were the presentation of theatrical productions together with ancillary activities.
The objectives of the charity are to advance the education of the public by promoting understanding and appreciation of the arts of opera and drama in all their aspects.
Achievements and performance
Another excellent year with a full year of scheduled production and Theatre Hires as well as holding NT Live events once again.
Financial review
The Trustees and committee have again made the decision to reinvest any profits into the upkeep of the Playhouse for the next year.
Reserves Policy
The reserves of the charity represent accumulated surpluses achieved in prior years, which the charity reinvests into its activities to achieve its objectives. The charity had no designated or restricted funds.
- 3 -
The Lindley Players Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2023
(continued)
Plans for future periods
The trustees plan to continue to improve and extend the facilities of The Playhouse Theatre for the benefit of the charity's members and the public.
Public Benefit
The trustees confirm that they have complied with their duty as prescribed by section 4 of the Charities Act 2006 to have due regard to the public benefit guidance by the Charity Commission.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Nick Farrow (May 15, 2024 16:55 GMT+1)
Mr N Farrow Trustee
- 4 -
The Lindley Players Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The Lindley Players Limited
Year ended 31 December 2023
I report to the trustees on my examination of the financial statements of The Lindley Players Limited ('the charity') for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the charity’s accounts as 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 examiner's 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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting 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
-
the financial statements 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.
Thomas Saltmer
Thomas Saltmer (May 16, 2024 07:30 GMT+1)
Thomas Saltmer Independent Examiner
Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
- 5 -
The Lindley Players Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 December 2023
| 2023 | 2023 | 2022 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 7,158 | 7,158 | 5,952 |
| Charitable activities | 6 | 158,729 | 158,729 | 97,019 |
| Investment income | 7 | 2,677 | 2,677 | 3 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 168,564 | 168,564 | 102,974 | |
| ================================ | ================================ | ================================ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 8,9 | 130,344 | 130,344 | 81,004 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 130,344 | 130,344 | 81,004 | |
| ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net income and net movement in funds | 38,220 | 38,220 | 21,970 | |
| ================================ | ================================ | ================================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 335,058 | 335,058 | 313,088 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 373,278 | 373,278 | 335,058 | |
| ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 14 form part of these financial statements.
- 6 -
The Lindley Players Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 14 | 169,992 | 144,233 |
| Current assets | |||
| Stocks | 15 | 2,980 | 2,068 |
| Debtors | 16 | 14,063 | 22,573 |
| Cash at bank and in hand | 198,067 | 197,678 | |
| -------------------------------- | -------------------------------- | ||
| 215,110 | 222,319 | ||
| Creditors: amounts falling due within one year | 17 | 11,824 | 31,494 |
| -------------------------------- | -------------------------------- | ||
| Net current assets | 203,286 | 190,825 | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | 373,278 | 335,058 | |
| -------------------------------- | -------------------------------- | ||
| Net assets | 373,278 | 335,058 | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Unrestricted funds | 373,278 | 335,058 | |
| -------------------------------- | -------------------------------- | ||
| Total charity funds | 18 | 373,278 ================================ |
335,058 ================================ |
For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Nick Farrow (May 15, 2024 16:55 GMT+1)
Mr N Farrow Trustee
The notes on pages 8 to 14 form part of these financial statements.
- 7 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Whitstable Playhouse, 104 High Street, Whitstable, Kent, CT5 1AZ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
In accordance with section 1A of FRS 102, the Charity is taking advantage of the small company exemption from preparing a cash flow statement.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
- 8 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
- 9 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Freehold property | - | 2% straight line |
|---|---|---|
| Fixtures and fittings | - | 10% straight line |
| Equipment | - | 10% straight line |
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Limited by guarantee
The company is limited by guarantee and the members would be liable for an amount not exceeding 5 shillings (21/12/1963).
- 10 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 1,729 | 1,729 | 172 | 172 |
| Subscriptions | ||||
| Subscriptions | 5,429 | 5,429 | 5,780 | 5,780 |
| ----------------------- | ----------------------- | ----------------------- | ----------------------- | |
| 7,158 | 7,158 | 5,952 | 5,952 | |
| ======================= | ======================= | ======================= | ======================= | |
| Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Box Office Receipts | 90,609 | 90,609 | 58,291 | 58,291 |
| Theatre and Equipment Hire | 13,889 | 13,889 | 13,106 | 13,106 |
| Ices and Confectionery | 8,253 | 8,253 | 3,742 | 3,742 |
| Coffee Machine | 3,580 | 3,580 | 1,196 | 1,196 |
| Bar Sales | 36,846 | 36,846 | 15,229 | 15,229 |
| Cinema | 5,552 | 5,552 | 5,455 | 5,455 |
| -------------------------------- | -------------------------------- | ---------------------------- | ---------------------------- | |
| 158,729 | 158,729 | 97,019 | 97,019 | |
| ================================ | ================================ | ============================ | ============================ |
6. Charitable activities
7. Investment income
| Unrestricted | Total Funds | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 2,677 | 2,677 | 3 | 3 | |
| ======================= | ======================= | ============== | ============== | ||
| Expenditure on charitable activities by fund type | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Production | 92,286 | 92,286 | 54,336 | 54,336 | |
| Support costs | 38,058 | 38,058 | 26,668 | 26,668 | |
| -------------------------------- | -------------------------------- | ---------------------------- | ---------------------------- | ||
| 130,344 | 130,344 | 81,004 | 81,004 | ||
| ================================ | ================================ | ============================ | ============================ |
8. Expenditure on charitable activities by fund type
- 11 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
9. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Production | 92,286 | – | 92,286 | 54,336 | |
| Governance costs | – | 38,058 | 38,058 | 26,668 | |
| ---------------------------- | ---------------------------- | -------------------------------- | ---------------------------- | ||
| 92,286 | 38,058 | 130,344 | 81,004 | ||
| ============================ | ============================ | ================================ | ============================ | ||
| 10. | Net income | ||||
| Net income is stated after charging/(crediting): | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 10,270 | 8,549 | |||
| ============================ | ======================= | ||||
| 11. | Independent examination fees | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 700 ============== |
700 ============== |
12. Staff costs
No staff are employed and no trustees or committee members receive any remuneration.
The average head count of employees during the year was Nil (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
13. Trustee remuneration and expenses
No Trustee (or any persons connected with them) received any remuneration in the year. A total of £nil was reimbursed to trustees in relation to expenses paid on the Charity's behalf and then reimbursed to them.
- 12 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
14. Tangible fixed assets
| Freehold | Fixtures and | ||||
|---|---|---|---|---|---|
| property | fittings | Equipment | Total | ||
| £ | £ | £ | £ | ||
| Cost | |||||
| At 1 January 2023 | 201,276 | 61,779 | 77,349 | 340,404 | |
| Additions | – | – | 36,029 | 36,029 | |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| At 31 December 2023 | 201,276 | 61,779 | 113,378 | 376,433 | |
| ================================ | ============================ | ================================ | ================================ | ||
| Depreciation | |||||
| At 1 January 2023 | 70,611 | 61,779 | 63,781 | 196,171 | |
| Charge for the year | 4,026 | – | 6,244 | 10,270 | |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| At 31 December 2023 | 74,637 | 61,779 | 70,025 | 206,441 | |
| ================================ | ============================ | ================================ | ================================ | ||
| Carrying amount | |||||
| At 31 December 2023 | 126,639 | – | 43,353 | 169,992 | |
| ================================ | ============================ | ================================ | ================================ | ||
| At 31 December 2022 | 130,665 | – | 13,568 | 144,233 | |
| ================================ | ============================ | ================================ | ================================ | ||
| The freehold property is included at historical cost upon acquisition. | |||||
| 15. | Stocks | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Raw materials and consumables | 2,980 | 2,068 | |||
| ======================= | ======================= | ||||
| 16. | Debtors | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Prepayments and accrued income | – | 5,759 | |||
| Other debtors | 14,063 | 16,814 | |||
| ---------------------------- | ---------------------------- | ||||
| 14,063 | 22,573 | ||||
| ============================ | ============================ | ||||
| 17. | Creditors: amounts falling due within one year | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Accruals and deferred income | 11,824 | 31,494 | |||
| ============================ | ============================ |
- 13 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
18. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 Jan 2023 | Income | Expenditure | 31 Dec 2023 | |
| £ | £ | £ | £ | |
| General funds | 335,058 | 168,564 | (130,344) | 373,278 |
| ================================ | ================================ | ================================ | ================================ | |
| At | At | |||
| 1 Jan 2022 | Income | Expenditure | 31 Dec 2022 | |
| £ | £ | £ | £ | |
| General funds | 313,088 | 102,974 | (81,004) | 335,058 |
| ================================ | ================================ | ============================ | ================================ | |
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2023 | |||
| £ | £ | |||
| Tangible fixed assets | 169,992 | 169,992 | ||
| Current assets | 215,110 | 215,110 | ||
| Creditors less than 1 year | (11,824) | (11,824) | ||
| -------------------------------- | -------------------------------- | |||
| Net assets | 373,278 | 373,278 | ||
| ================================ | ================================ | |||
| Unrestricted | Total Funds | |||
| Funds | 2022 | |||
| £ | £ | |||
| Tangible fixed assets | 144,233 | 144,233 | ||
| Current assets | 222,319 | 222,319 | ||
| Creditors less than 1 year | (31,494) | (31,494) | ||
| -------------------------------- | -------------------------------- | |||
| Net assets | 335,058 | 335,058 | ||
| ================================ | ================================ |
19. Analysis of net assets between funds
- 14 -
The Lindley Players Limited
Company Limited by Guarantee
Management Information
Year ended 31 December 2023
The following pages do not form part of the financial statements.
- 15 -
The Lindley Players Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 December 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Donations | 1,729 | 172 |
| Subscriptions | 5,429 | 5,780 |
| ----------------------- | ----------------------- | |
| 7,158 | 5,952 | |
| ----------------------- | ----------------------- | |
| Charitable activities | ||
| Box Office Receipts | 90,609 | 58,291 |
| Theatre and Equipment Hire | 13,889 | 13,106 |
| Ices and Confectionery | 8,253 | 3,742 |
| Coffee Machine | 3,580 | 1,196 |
| Bar Sales | 36,846 | 15,229 |
| Cinema | 5,552 | 5,455 |
| -------------------------------- | ---------------------------- | |
| 158,729 | 97,019 | |
| -------------------------------- | ---------------------------- | |
| Investment income | ||
| Bank interest receivable | 2,677 | 3 |
| ----------------------- | -------------- | |
| -------------------------------- | -------------------------------- | |
| Total income | 168,564 | 102,974 |
| ================================ | ================================ |
- 16 -
The Lindley Players Limited
Company Limited by Guarantee
Detailed Statement of Financial Activities (continued)
Year ended 31 December 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Expenditure | ||
| Expenditure on charitable activities | ||
| Charitable activities | ||
| Activities undertaken directly | 92,286 | 54,336 |
| Governance costs | ||
| Governance costs | 38,058 | 26,668 |
| ---------------------------- | ---------------------------- | |
| 130,344 | 81,004 | |
| ---------------------------- | ---------------------------- | |
| ---------------------------- | ---------------------------- | |
| Total expenditure | 130,344 | 81,004 |
| ============================ | ============================ | |
| ---------------------------- | ---------------------------- | |
| Net income | 38,220 | 21,970 |
| ============================ | ============================ |
- 17 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Production | ||
| Activities undertaken directly | ||
| Repairs & Maintenance | 13,918 | 15,339 |
| Costumes, Make up and wigs | 2,951 | 2,424 |
| Photographs | 520 | 120 |
| Publicity and Sundries | 4,026 | 4,951 |
| Rehearsal Room Hire | 1,540 | 703 |
| Diaries | 518 | 566 |
| Training | 492 | 193 |
| Ticket Source, Credit card and Paypal Fees | 9,572 | 7,202 |
| Little Theatre Guild | 431 | 487 |
| Licenses and Royalties | 5,722 | 4,894 |
| Lighting Sounds Stage purchases | – | 1,219 |
| Programme and Merchandising | 1,255 | 457 |
| Bar expenses | 16,670 | – |
| Coffee and teas purchases | 753 | – |
| Ice cream - confectionery purchases | 4,388 | – |
| Cinema / NT live | 4,052 | – |
| House Keeping Costs | 12,221 | 4,801 |
| Printing stationary copying and computer | 2,703 | 2,810 |
| Scripts | 1,938 | 1,254 |
| Workshop purchases | 2,300 | 2,093 |
| Garage rental | 520 | 520 |
| Sets | 2,896 | 4,078 |
| Props | 2,800 | – |
| Bequests and donations | 100 | 225 |
| ---------------------------- | ---------------------------- | |
| 92,286 | 54,336 | |
| ---------------------------- | ---------------------------- | |
| Governance costs | ||
| Rates & water | 8,917 | (20) |
| Light & heat | 2,284 | 5,718 |
| Insurance | 7,625 | 6,374 |
| Accountancy fees | 2,040 | 937 |
| Telephone | 1,064 | 1,026 |
| Depreciation | 10,270 | 8,549 |
| Cleaning | 5,648 | 3,918 |
| Other finance costs | 210 | 166 |
| ---------------------------- | ---------------------------- | |
| 38,058 | 26,668 | |
| ---------------------------- | ---------------------------- | |
| -------------------------------- | ---------------------------- | |
| Expenditure on charitable activities | 130,344 | 81,004 |
| ================================ | ============================ |
- 18 -
COMPANY REGISTRATION NUMBER: 00789918 CHARITY REGISTRATION NUMBER: G234288A/1
The Lindley Players Limited Company Limited by Guarantee Unaudited Financial Statements 31 December 2023
BURGESS HODGSON LLP
Chartered accountants Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
The Lindley Players Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2023
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 5 |
| Statement of financial activities (including income and | |
| expenditure account) | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
The Lindley Players Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2023
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2023.
Chair's report
2023 was forecast to be a promising year for the society and we met or exceeded all our targets. We staged eight Lindley Players and Youth Group productions, screened seven NT Live plays, hosted fifteen music events and five local theatre and school events throughout the year. In excess of 10,100 tickets were sold for all events. The total of 69 nights of events and an average of 80% capacity houses is an excellent achievement in a time of economic uncertainty. As a result, we had an operating surplus of £38,000 for the year (2022 figure was £22,000). During the year we did see the full year impact of the energy price rises (which came in during 2022) however but the actual spend was slightly lower than forecast due to the warmer winter of 2022/23 and better control of our usage. For the coming year we have energy contracts in place at lower rates than in 2022 so we are hopeful that we will see energy costs reducing somewhat going forward. Income from tickets sales was also higher as we had increased ticket prices in the latter part of 2022.
We are very pleased to report that our membership increased during 2023 to 407 members (2022 was 370) which included 37 student members.
We also continued our plan of continual improvement to the Playhouse with a full refurbishment of the public toilets, significant purchases of new equipment including a new lighting desk and additional versatile and efficient LED stage lighting fixtures.
Looking forward to 2024, we have already successfully staged our 2024 pantomime and there is a full program of events scheduled so we are predicting another successful year ahead.
Nick Farrow Chair March 2024
- 1 -
The Lindley Players Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2023
Reference and administrative details
Registered charity name Charity registration number G234288A/1 Company registration number 00789918
The Lindley Players Limited
Principal office and registered Whitstable Playhouse office 104 High Street Whitstable Kent CT5 1AZ United Kingdom
The trustees
Mr N Farrow Mrs C Lee Mrs P M Battson Company secretary Mr P Bressington Independent examiner Thomas Saltmer Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
Structure, governance and management
Governing documents
The Lindley Players Limited is a company limited by guarantee and is governed by its Memorandum and Articles of Association. It is also a registered charity with the Charity Commission.
Committee
The day to day operation of the charity are carried out by an appointed committee. The committee members who served during the year are set out within the Trustees report
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees are also directors of the charity for the purposes of the Companies Act 2006.
Trustees are appointed in accordance with the charity's Memorandum and Articles of Association.
- 2 -
The Lindley Players Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2023
(continued)
Committee
The trustees are assisted in achieving the charity's objectives by an appointed committee that organise and run its theatrical productions and the day to day running of The Playhouse Theatre. Members of the committee are appointed on an annual basis, or as required.
President Mr Peter Bressington Chairman Mr Nick Farrow Vice-Chairman Mrs Amanda Hunt Secretary Mrs Pam Battson Treasurer Mrs Carol Lee Front of House Mrs Geraldine Deas Publicity Miss Lucie Nash Social Secretary Mrs Tracy Parvin Committee Mrs Gemma Conway Elected 17/05/23 Mr Christy Hinchliffe Elected 17/05/23 Mrs Sarah Hinchliffe Elected 17/05/23 Mrs Alex Mitchell Elected 17/05/23 Mrs Rebecca Strike Elected 17/05/23 Co-opted Members Mrs Sandra Masters Lettings Officer Mrs Marilyn Gillanders Bar Manager Ms Mel Sacre H&S Officer (Co-opted 11/04/23) Mr Christy Hinchliffe Drama Co-ordinator (Resigned 15/02/23) Mr Dan Coles Drama Co-ordinator Elected 15/02/23
Objectives and activities
The company's principal activities during the year were the presentation of theatrical productions together with ancillary activities.
The objectives of the charity are to advance the education of the public by promoting understanding and appreciation of the arts of opera and drama in all their aspects.
Achievements and performance
Another excellent year with a full year of scheduled production and Theatre Hires as well as holding NT Live events once again.
Financial review
The Trustees and committee have again made the decision to reinvest any profits into the upkeep of the Playhouse for the next year.
Reserves Policy
The reserves of the charity represent accumulated surpluses achieved in prior years, which the charity reinvests into its activities to achieve its objectives. The charity had no designated or restricted funds.
- 3 -
The Lindley Players Limited
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 December 2023
(continued)
Plans for future periods
The trustees plan to continue to improve and extend the facilities of The Playhouse Theatre for the benefit of the charity's members and the public.
Public Benefit
The trustees confirm that they have complied with their duty as prescribed by section 4 of the Charities Act 2006 to have due regard to the public benefit guidance by the Charity Commission.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Nick Farrow (May 15, 2024 16:55 GMT+1)
Mr N Farrow Trustee
- 4 -
The Lindley Players Limited
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The Lindley Players Limited
Year ended 31 December 2023
I report to the trustees on my examination of the financial statements of The Lindley Players Limited ('the charity') for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements 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 the charity’s accounts as 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 examiner's 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:
-
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting 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
-
the financial statements 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.
Thomas Saltmer
Thomas Saltmer (May 16, 2024 07:30 GMT+1) Thomas Saltmer Independent Examiner Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN
- 5 -
The Lindley Players Limited
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 December 2023
| 2023 | 2023 | 2022 | ||
|---|---|---|---|---|
| Unrestricted | ||||
| funds | Total funds | Total funds | ||
| Note | £ | £ | £ | |
| Income and endowments | ||||
| Donations and legacies | 5 | 7,158 | 7,158 | 5,952 |
| Charitable activities | 6 | 158,729 | 158,729 | 97,019 |
| Investment income | 7 | 2,677 | 2,677 | 3 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total income | 168,564 | 168,564 | 102,974 | |
| ================================ | ================================ | ================================ | ||
| Expenditure | ||||
| Expenditure on charitable activities | 8,9 | 130,344 | 130,344 | 81,004 |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total expenditure | 130,344 | 130,344 | 81,004 | |
| ================================ | ================================ | ================================ | ||
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Net income and net movement in funds | 38,220 | 38,220 | 21,970 | |
| ================================ | ================================ | ================================ | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 335,058 | 335,058 | 313,088 | |
| -------------------------------- | -------------------------------- | -------------------------------- | ||
| Total funds carried forward | 373,278 | 373,278 | 335,058 | |
| ================================ | ================================ | ================================ |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 8 to 14 form part of these financial statements.
- 6 -
The Lindley Players Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Tangible fixed assets | 14 | 169,992 | 144,233 |
| Current assets | |||
| Stocks | 15 | 2,980 | 2,068 |
| Debtors | 16 | 14,063 | 22,573 |
| Cash at bank and in hand | 198,067 | 197,678 | |
| -------------------------------- | -------------------------------- | ||
| 215,110 | 222,319 | ||
| Creditors: amounts falling due within one year | 17 | 11,824 | 31,494 |
| -------------------------------- | -------------------------------- | ||
| Net current assets | 203,286 | 190,825 | |
| -------------------------------- | -------------------------------- | ||
| Total assets less current liabilities | 373,278 | 335,058 | |
| -------------------------------- | -------------------------------- | ||
| Net assets | 373,278 | 335,058 | |
| ================================ | ================================ | ||
| Funds of the charity | |||
| Unrestricted funds | 373,278 | 335,058 | |
| -------------------------------- | -------------------------------- | ||
| Total charity funds | 18 | 373,278 ================================ |
335,058 ================================ |
For the year ending 31 December 2023 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Nick Farrow (May 15, 2024 16:55 GMT+1)
Mr N Farrow Trustee
The notes on pages 8 to 14 form part of these financial statements.
- 7 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Whitstable Playhouse, 104 High Street, Whitstable, Kent, CT5 1AZ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
In accordance with section 1A of FRS 102, the Charity is taking advantage of the small company exemption from preparing a cash flow statement.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
- 8 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
-
income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
-
income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
-
expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
- 9 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
3. Accounting policies (continued)
Tangible assets (continued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
| Freehold property | - | 2% straight line |
|---|---|---|
| Fixtures and fittings | - | 10% straight line |
| Equipment | - | 10% straight line |
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Limited by guarantee
The company is limited by guarantee and the members would be liable for an amount not exceeding 5 shillings (21/12/1963).
- 10 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
5. Donations and legacies
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Donations | ||||
| Donations | 1,729 | 1,729 | 172 | 172 |
| Subscriptions | ||||
| Subscriptions | 5,429 | 5,429 | 5,780 | 5,780 |
| ----------------------- | ----------------------- | ----------------------- | ----------------------- | |
| 7,158 | 7,158 | 5,952 | 5,952 | |
| ======================= | ======================= | ======================= | ======================= | |
| Charitable activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2023 | Funds | 2022 | |
| £ | £ | £ | £ | |
| Box Office Receipts | 90,609 | 90,609 | 58,291 | 58,291 |
| Theatre and Equipment Hire | 13,889 | 13,889 | 13,106 | 13,106 |
| Ices and Confectionery | 8,253 | 8,253 | 3,742 | 3,742 |
| Coffee Machine | 3,580 | 3,580 | 1,196 | 1,196 |
| Bar Sales | 36,846 | 36,846 | 15,229 | 15,229 |
| Cinema | 5,552 | 5,552 | 5,455 | 5,455 |
| -------------------------------- | -------------------------------- | ---------------------------- | ---------------------------- | |
| 158,729 | 158,729 | 97,019 | 97,019 | |
| ================================ | ================================ | ============================ | ============================ |
6. Charitable activities
7. Investment income
| Unrestricted | Total Funds | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Bank interest receivable | 2,677 | 2,677 | 3 | 3 | |
| ======================= | ======================= | ============== | ============== | ||
| Expenditure on charitable activities by fund type | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2023 | Funds | 2022 | ||
| £ | £ | £ | £ | ||
| Production | 92,286 | 92,286 | 54,336 | 54,336 | |
| Support costs | 38,058 | 38,058 | 26,668 | 26,668 | |
| -------------------------------- | -------------------------------- | ---------------------------- | ---------------------------- | ||
| 130,344 | 130,344 | 81,004 | 81,004 | ||
| ================================ | ================================ | ============================ | ============================ |
8. Expenditure on charitable activities by fund type
- 11 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
9. Expenditure on charitable activities by activity type
| Activities | |||||
|---|---|---|---|---|---|
| undertaken | Support | Total funds | Total fund | ||
| directly | costs | 2023 | 2022 | ||
| £ | £ | £ | £ | ||
| Production | 92,286 | – | 92,286 | 54,336 | |
| Governance costs | – | 38,058 | 38,058 | 26,668 | |
| ---------------------------- | ---------------------------- | -------------------------------- | ---------------------------- | ||
| 92,286 | 38,058 | 130,344 | 81,004 | ||
| ============================ | ============================ | ================================ | ============================ | ||
| 10. | Net income | ||||
| Net income is stated after charging/(crediting): | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Depreciation of tangible fixed assets | 10,270 | 8,549 | |||
| ============================ | ======================= | ||||
| 11. | Independent examination fees | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Fees payable to the independent examiner for: | |||||
| Independent examination of the financial statements | 700 ============== |
700 ============== |
12. Staff costs
No staff are employed and no trustees or committee members receive any remuneration.
The average head count of employees during the year was Nil (2022: Nil).
No employee received employee benefits of more than £60,000 during the year (2022: Nil).
13. Trustee remuneration and expenses
No Trustee (or any persons connected with them) received any remuneration in the year. A total of £nil was reimbursed to trustees in relation to expenses paid on the Charity's behalf and then reimbursed to them.
- 12 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2023
14. Tangible fixed assets
| Freehold | Fixtures and | ||||
|---|---|---|---|---|---|
| property | fittings | Equipment | Total | ||
| £ | £ | £ | £ | ||
| Cost | |||||
| At 1 January 2023 | 201,276 | 61,779 | 77,349 | 340,404 | |
| Additions | – | – | 36,029 | 36,029 | |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| At 31 December 2023 | 201,276 | 61,779 | 113,378 | 376,433 | |
| ================================ | ============================ | ================================ | ================================ | ||
| Depreciation | |||||
| At 1 January 2023 | 70,611 | 61,779 | 63,781 | 196,171 | |
| Charge for the year | 4,026 | – | 6,244 | 10,270 | |
| -------------------------------- | ---------------------------- | -------------------------------- | -------------------------------- | ||
| At 31 December 2023 | 74,637 | 61,779 | 70,025 | 206,441 | |
| ================================ | ============================ | ================================ | ================================ | ||
| Carrying amount | |||||
| At 31 December 2023 | 126,639 | – | 43,353 | 169,992 | |
| ================================ | ============================ | ================================ | ================================ | ||
| At 31 December 2022 | 130,665 | – | 13,568 | 144,233 | |
| ================================ | ============================ | ================================ | ================================ | ||
| The freehold property is included at historical cost upon acquisition. | |||||
| 15. | Stocks | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Raw materials and consumables | 2,980 | 2,068 | |||
| ======================= | ======================= | ||||
| 16. | Debtors | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Prepayments and accrued income | – | 5,759 | |||
| Other debtors | 14,063 | 16,814 | |||
| ---------------------------- | ---------------------------- | ||||
| 14,063 | 22,573 | ||||
| ============================ | ============================ | ||||
| 17. | Creditors: amounts falling due within one year | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Accruals and deferred income | 11,824 | 31,494 | |||
| ============================ | ============================ |
- 13 -
The Lindley Players Limited
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities
Year ended 31 December 2023
18. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | ||||
|---|---|---|---|---|
| At | At | |||
| 1 Jan 2023 | Income | Expenditure | 31 Dec 2023 | |
| £ | £ | £ | £ | |
| General funds | 335,058 | 168,564 | (130,344) | 373,278 |
| ================================ | ================================ | ================================ | ================================ | |
| At | At | |||
| 1 Jan 2022 | Income | Expenditure | 31 Dec 2022 | |
| £ | £ | £ | £ | |
| General funds | 313,088 | 102,974 | (81,004) | 335,058 |
| ================================ | ================================ | ============================ | ================================ | |
| Analysis of net assets between funds | ||||
| Unrestricted | Total Funds | |||
| Funds | 2023 | |||
| £ | £ | |||
| Tangible fixed assets | 169,992 | 169,992 | ||
| Current assets | 215,110 | 215,110 | ||
| Creditors less than 1 year | (11,824) | (11,824) | ||
| -------------------------------- | -------------------------------- | |||
| Net assets | 373,278 | 373,278 | ||
| ================================ | ================================ | |||
| Unrestricted | Total Funds | |||
| Funds | 2022 | |||
| £ | £ | |||
| Tangible fixed assets | 144,233 | 144,233 | ||
| Current assets | 222,319 | 222,319 | ||
| Creditors less than 1 year | (31,494) | (31,494) | ||
| -------------------------------- | -------------------------------- | |||
| Net assets | 335,058 | 335,058 | ||
| ================================ | ================================ |
19. Analysis of net assets between funds
- 14 -
The Lindley Players - Full & Filleted Accounts - 31.12.23
Final Audit Report
2024-05-16
Created: 2024-05-15 By: Burgess Hodgson (esign@burgesshodgson.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAfJ5cLGtMlKeo7a8GFp68acb57AF4WUj-
"The Lindley Players - Full & Filleted Accounts - 31.12.23" Histor
y
Document created by Burgess Hodgson (esign@burgesshodgson.co.uk)
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