**REGISTERED COMPANY NUMBER: 00635539 (England and Wales) REGISTERED CHARITY NUMBER: 236434**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 APRIL 2024**
## **FOR**
## **BECKENHAM THEATRE TRUST**
Spurling Cannon King Arthur’s Court Maidstone Road Charing Kent TN27 0JS
**BECKENHAM THEATRE TRUST**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**|6|to|7|
|**Notes to the Financial Statements**|8|to|13|
|**Detailed Statement of Financial Activities**||14||
## **BECKENHAM THEATRE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The principal object of the company is to advance the theatrical arts, and advance education in the theatrical arts, by the awarding of grants to charities or other community groups, projects and organisations, working to further such purposes for the public benefit.
## **Significant activities**
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
## **ACHIEVEMENT AND PERFORMANCE**
## **Investment performance**
Beckenham Theatre Trust's investment grew during the year by 2.16% to a closing market value as at 30 April 2024 of £1,287,288.
Equity markets posted solid gains for the quarter buoyed by the first interest rate cuts since the pandemic in the US and UK and then later in September the Peoples Bank of China unleashed a raft of stimulus to help address their faltering economy. Earnings growth has remained solid with 79% of S&P 500 companies reporting positive earnings per share surprises
## **FINANCIAL REVIEW**
## **Financial review of the position at the reporting date, 30 April 2024**
The trustees consider the financial performance by the charity during the year to have been satisfactory.
## **Reserves policy**
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the advent of adverse conditions. The committee have also examined other operational and business risks faced by the Charity and confirmed that they have systems in place to mitigate any significant risks.
## **Availability and adequacy of assets of each of the funds**
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
## **Recruitment and appointment of new trustees**
The management of the charity is the responsibility of the Trustee Board, who are elected under the terms of the constitution. Trustees are recruited through a formal application process and judged against the skills required for the Board to execute properly its obligations and responsibilities.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
00635539 (England and Wales)
Page 1
**BECKENHAM THEATRE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024**
## **Registered Charity number**
236434
## **Registered office**
Pond House Egerton Road Charing Heath Ashford Kent TN27 0AX
## **Trustees**
M Darbon Retired Ms L Garraway Teacher Training Ms H J Z Gilmour Freelance Arts Practitioner & Trainer (appointed 26/9/2023) Miss A Hilne Participatory Performance Practitioner (appointed 26/9/2023) M J Jones Freelance Lecturer D J Savill Artistic Director (Age Exchange) (appointed 26/9/2023) Ms F Vail Marketing Manager (appointed 26/9/2023)
The Chairman, Malcolm Jones, and Margaret Glenn have continued to liaise with Companies House and the Charities Commission to ensure that the correct procedures are complied with in converting the Charity that is Beckenham Theatre Centre Limited to a Charitable Trust. 5 new Trustees, Fiona Vail, Louise Garraway, David Savill, Astrid Hilne, Helen (Zoe) Gilmour, were appointed on 26th September 2023.
Grant Saw Solicitors continue to deal with the necessary changes to the structure of the Constitution. A Certificate of Incorporation on Change of Name was issued by the Registrar of Companies on 24th August 2023. The Memorandum and Articles of Association for the Trust which had been adopted by special resolution on 21st March 2023 together with updated Resolutions were accepted by Companies House on 2nd January 2024. The objects of the Trust to reflect its current objectives were passed on 5th December 2023 and accepted by Companies House on 28th December 2023.
Trustees' meetings continue to be held remotely by Zoom and work is in progress to design and install a new website to enable the work of the Trust to be promoted and carried out in giving grants to support small scale community arts projects in South East England.
We are pleased to report that following the dissolution of Beckenham Theatre Centre the Children's and Youth Theatre, under the leadership of Louise Garraway and Emma Berryman, have successfully continued their meetings at Azelia Hall in Beckenham. The Adult's Theatre, under the leadership of Karen Peters-Parker and Fleur Buckley, continue to hold monthly Playreadings and hold weekly meetings at St George's Church Hall.
## **Company Secretary**
M Darbon
## **Independent Examiner**
Spurling Cannon King Arthur’s Court Maidstone Road Charing Kent TN27 0JS
Page 2
## **BECKENHAM THEATRE TRUST**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2024**
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... M J Jones - Trustee
Page 3
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BECKENHAM THEATRE TRUST**
## **Independent examiner's report to the trustees of Beckenham Theatre Trust ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 April 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you 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 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:
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 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
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.
James Pritchard FCCA
Spurling Cannon King Arthur’s Court Maidstone Road Charing Kent TN27 0JS
Date: .............................................
Page 4
## **BECKENHAM THEATRE TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
Other trading activities
3
Investment income
4
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
Adult and Children Theatre Groups
Amounts below £100
Other
**Total**
Net gains on investments
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2024**
**Unrestricted**
**fund**
**£**
**-**
**-**
**10,869**
**10,869**
**4,168**
**-**
**-**
**-**
**4,168**
**27,288**
**33,989**
**1,316,118**
**1,350,107**|2023
Total
funds
£
25
185
3,258
3,468
212
10,000
210
360
10,782
-
(7,314)
1,323,432
1,316,118|
|---|---|---|
The notes form part of these financial statements
Page 5
## **BECKENHAM THEATRE TRUST**
## **BALANCE SHEET 30 APRIL 2024**
|Notes
**FIXED ASSETS**
Investments
10
**CURRENT ASSETS**
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
11
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
12
Unrestricted funds
**TOTAL FUNDS**|**2024**
**Unrestricted**
**fund**
**£**
**1,287,288**
**64,819**
**(2,000)**
**62,819**
**1,350,107**
**1,350,107**
**1,350,107**
**1,350,107**|2023
Total
funds
£
-
1,317,078
(960)
1,316,118
1,316,118
1,316,118
1,316,118
1,316,118|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.
## The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
Page 6
continued...
## **BECKENHAM THEATRE TRUST**
## **BALANCE SHEET - continued 30 APRIL 2024**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
M J Jones - Trustee
The notes form part of these financial statements
Page 7
**BECKENHAM THEATRE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared 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' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. DONATIONS AND LEGACIES**
|**DONATIONS AND LEGACIES**||||
|---|---|---|---|
||**2024**||2023|
||**£**||£|
|Donations||**-**|25|
continued...
Page 8
**BECKENHAM THEATRE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024**
|**3.**
**OTHER TRADING ACTIVITIES**
**2024**
**£**
Fundraising events
**-**
**4.**
**INVESTMENT INCOME**
**2024**
**£**
Deposit account interest
**10,869**
**5.**
**RAISING FUNDS**
**Raising donations and legacies**
**2024**
**£**
Support costs
**4,168**
**6.**
**GRANTS PAYABLE**
**2024**
**£**
Adult and Children Theatre Groups
**-**
Amounts below £100
**-**
**-**
**7.**
**SUPPORT COSTS**
Governance
Management
Finance
costs
£
£
£
Raising donations and legacies
**1,808**
**30**
**2,330**|2023
£
185
2023
£
3,258|
|---|---|
||2023
£
212
2023
£
10,000
210|
||10,210|
||Totals
£
**4,168**|
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.
continued...
Page 9
## **BECKENHAM THEATRE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024**
|**9.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Adult and Children Theatre Groups
Amounts below £100
Other
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**10.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
Additions
Revaluations
At 30 April 2024
**NET BOOK VALUE**
At 30 April 2024
At 30 April 2023||Unrestricted
fund
£
25
185
3,258
3,468
212
10,000
210
360
10,782
(7,314)
1,323,432
1,316,118
Unlisted
investments
£
**1,260,000**
**27,288**
**1,287,288**
**1,287,288**
-|
|---|---|---|
||||
||||
||||
There were no investment assets outside the UK.
continued...
Page 10
**BECKENHAM THEATRE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024**
## **10. FIXED ASSET INVESTMENTS - continued**
Cost or valuation at 30 April 2024 is represented by:
|||**Unlisted**|
|---|---|---|
|||**investments**|
|||**£**|
|Valuation in|2024|**1,287,288**|
Investments made in the year are managed by WH Ireland,a Wealth Management and Corporate Broking company. The investment is made up of Gilts and Bonds, mainly from the United Kingdom.
During the year the investment grew by 2.16%.
## **11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Accrued expenses
**12.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
**10,869**
**TOTAL FUNDS**
**10,869**|At 1/5/23
£
**1,316,118**
**1,316,118**
Resources
expended
£
**(4,168)**
**(4,168)**|**2024**
**£**
**2,000**
Net
movement
in funds
£
**33,989**
**33,989**
Gains and
losses
£
**27,288**
**27,288**|2023
£
960
At
30/4/24
£
**1,350,107**|2023
£
960
At
30/4/24
£
**1,350,107**|2023
£
960|
|---|---|---|---|---|---|
||||**1,350,107**|||
||||Movement
in funds
£
**33,989**
**33,989**|||
|||||**33,989**||
continued...
Page 11
**BECKENHAM THEATRE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024**
## **12. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|At 1/5/22
£
**Unrestricted funds**
General fund
1,323,432
**TOTAL FUNDS**
1,323,432
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
3,468
**TOTAL FUNDS**
3,468
A current year 12 months and prior year 12 months combined position is as follows:
At 1/5/22
£
**Unrestricted funds**
General fund
1,323,432
**TOTAL FUNDS**
1,323,432|Net
movement
in funds
£
(7,314)
(7,314)
Resources
expended
£
(10,782)
(10,782)
Net
movement
in funds
£
26,675
26,675|At
30/4/23
£
1,316,118|
|---|---|---|
|||1,316,118|
|||Movement
in funds
£
(7,314)
(7,314)
At
30/4/24
£
1,350,107|
|||1,350,107|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|14,337|(14,950)|27,288|26,675|
|**TOTAL FUNDS**|14,337|(14,950)|27,288|26,675|
continued...
Page 12
**BECKENHAM THEATRE TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 APRIL 2024**
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30 April 2024.
Page 13
## **BECKENHAM THEATRE TRUST**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 APRIL 2024**
|**FOR THE YEAR ENDED 30**|**APRIL 2024**||
|---|---|---|
||2024|2023|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|**-**|25|
|**Other trading activities**|||
|Fundraising events|**-**|185|
|**Investment income**|||
|Deposit account interest|**10,869**|3,258|
|**Total incoming resources**|**10,869**|3,468|
|**EXPENDITURE**|||
|**Charitable activities**|||
|Grants to institutions|**-**|10,210|
|**Other**|||
|Independent Examiner's Fee|**-**|360|
|**Support costs**|||
|**Management**|||
|Postage and stationery|**7**|-|
|Advertising|**-**|13|
|Sundries|**-**|11|
|Professional Fees|**1,549**|188|
|Subscriptions|**252**|-|
||**1,808**|212|
|**Finance**|||
|Bank charges|**30**|-|
|**Governance costs**|||
|Accountancy and legal fees|**2,330**|-|
|Total resources expended|**4,168**|10,782|
|**Net income/(expenditure) before gains and**|||
|**losses**|**6,701**|(7,314)|
|**Realised recognised gains and losses**|||
|Realised gains/losses listed investments|**27,288**|-|
|**Net income/(expenditure)**|**33,989**|(7,314)|
This page does not form part of the statutory financial statements
Page 14