REGisfERED COMPANY NUMBER: 00844043 (England and Wales) REGISTERED CHARITY NUMBER: 242164 ofth stees and Flnanclal Stateme for eye 31 December 2024 SHAR OK AMATEUR T ED Elsby & Co 155 Wellingborou8h Road Ru5hden Northamptonshlre NNIO 9TB
RNBR TRE TRiIST UMITED Contents of the FlnancAI Statements for the ar ended 31 DECEMBER 2024 Page Report of the Tntstees I to 2 Independent Examlnefs Report ststement of Flnanclal Artivitses Balan Sheet Notes to the FlrAn¢lal Statements 7 to 13 Detalled Statement of Hnancial A¢tl¥lt 14 to IS
SHARNBROOK AMATEUR THEATRE Thiisr ort of the Tnstees ar ended 31 DECEMBER 2024 for the The Trustees, who are also direttors of the charity for the purposes of the Companles Act 2006. present their report with the financial statements of the tharlty for the year ended 31 December 2024. The tru5tee5 have adopted the provisions of Accounting and Reporting by Charities: Ststement of Recommended Prartice applicable to charities preparln8 their accounts In accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Irèland (FRS 102) {effectlve l January 20191. 08JEcnvES AND ACTMTIES Objertlves and alms To promote and further education in and knowledge. understanding and appreciation of the arts of Opera, Ballet, Mime, Drama, Music and similar arts. A strong focus on yolrth involvement is supported with local schools offered reduced rates for the hiring of our fa¢ilitie51equipment. our annual Summer School and contlnuous encouragement for students to play an active part in all asperts of the Trust. In shaping the general aim the Trustees have considered the CharSty Commisslons 8UIdan on public benefit. The charlty Is dependent on voluntary help. Besldes those arnateur performers who dlsplay thelr tslents In the theatre, volunteers assist with stewardln8 performances, running and mana8in8 the bar. together wlth all the mana8ement of the charlty. ACHIEVEMENT AND PERFORMANCE Charltable actlvltles Flve show5 were perfornied, four of these were sell outs wlth the fffth (Rewlred) not so well attended but wlnners of the NODA shleld for best overall produrtlon. Summer school was restarted after Covld wlth 18 students enloylng range of actlvities FINANaAL REVIEW Flnandal posltlon The proflt from the five shows was £38,836 compared to £24,823 in 2023 refiectln8 the addltlonal show and excellent attendances. Overall, the charfty made a profft of £3.077 compared to a1055 of £2,288 in 2023. The maln dlfferences between the two years were the Increase In show profit of £14,013. Increased premlses hlre Income of £5,062 offset by an Increased spend on repairs and malntenance of £12,660. over £9.000 being spent on the demolition of the orlglnal sack holst that had become unsafe. ReseNes pollcy The charity reviewed and updated thelr resepies pollcy on the 24th of Aprll 2024 to malntain £50,000 In an interest-bearlng deposit account. Previously funds of £30.0(X) were held in reserve. Property Revaluatlon The charity reviewed and updated the ValUatn of the freehold property on the 14th Au8USt 2024 to £950,000. ThSs was based on a review of the percentage increase in value seen in the property market since the last revaluation in 2017. FLrruRE PLANS The Trust plans to contlnue a full range of actlvity In 2025 wlth five shows. summer school and fundralslng events. Page I
SHARNBROOK AMATEUR THEATRE T HE Re ort of the Trustees ear ended 31 DECEMBER 20 for the srRUCTURE, GOVERNANCE AND MANAGEMENT The Sharnbrook Amateur Theatre Trust knmited is a company Ilmited by guarantee and governed by its Memorandum and Articles of Association dated l April 1965 amended on March 22, 2023. It is registered as a charlty wlth the Charity Commission. There were 117 members at the year end. The Board of Trustees administer the charity. The Board meets slx tlmes a year or as required. The Trustees have a rlsk mana8ement strategy whSch comprlses: an annual revlew of the r15ks the charlty may face - the estsbllshment of systems and procedures to mitigate those risks Identlfled Sn the plan the Implementation of prOdureS deslgned to mlnlmise the potentlal impact on the charlty should those rlsks materlalise. Thls work has not Identlfied any major rlsks. A key element in the management of financlal rlsk15 the reserve policy. and the preparation and approval of a detalled budget for the forthcomln8 year. REFERENCE AND ADMINISTRATIVE DEfAILS ReBlstered Company number 00844043 (England and Wales) Re81stered Charlty number 242164 Reglstered office 155 Wellln8borough Road RUSHDEN Northamptonshire NNIO 9TB Trustees A Capper DALPope G F Stafford S J Devonshlre Ireslgned 26.3.241 SA Dennis I Poole 8 CThompson Ireslgned 28.5.241 J T Brown (appointed 24.4.24) D J Jones {appointed 28.2.241 Independent Examlner Elsby & Co 155 Wellingborough Road Rushden Northamptonshire NNIO 9T8 Approved by order of the board of trustees on ... . and signed on Its behalf by: G F Stsfford- rustee Page 2
Inde to the Tntss of Sharnbrook Amateur Theatre Tnsst Umlted Independent examlnerfs report to trustees of Sharnbrook Amateur Theatre Tntst limited ('the Compan) I report to the tharity trustees on rny examination of the accounts of the Company for the year ended 31 December 2024. ReSponsintIeS and basls of rtport As the charlty's trustees of the Cornpany (and also its directors for the purposes of company law) you are responslble for the preparatlon of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Havlng sattsfied mylf that the accounts of the Company are not requlred to be audlted under Part 16 of the 21x16 Art and are ell8lble for independent examination. I report In respect of my examination of your charivs accounts as carried out under Section 145 of the Charities Act 2011 1*he 2011 Act,). In carrylng out my examlnatlon I have followed the Dlrectlons 8lven by the Charity Commission under Sectlon I45) Ibl of the 2011 Act. Independent examlntrfs statement I have completed my examination. I confirni that no matters have come to my attention in connectlon wlth the examlnation givin8 me cause to belleve: accountlng records were not kept In re¥>ect of the Company as required by Sertion 386 of the 2006 Act: or the accounts do not accord with those records; or the accounts do not comply wlth the accountln8 requlrements of Sectlon 396 of the 2006 Act other than anv requlrement that the accounts 8lve a true and falr view whlch Is not a matter consldered as part of an Independent examination," or the accounts have not been prepared In accordance with the methods and princlples of the Statement of Recommended Practlce for accounting and reporting by charitles (applicable to charlties preparing thelr accounts In accordance wlth the Flnancial Reportin8 Standard appllcable In the UK and Republlc of Ireland (FRS 10211. I have no concerns and have come across no other matters In connectlM wlth the examlnatlon to whlch attentlon should be drawn In this report in order to enable a proper understandin8 of the accounts to be reached. Emlty Ames Elsby & Co 155 WellinBborou8h Road Rushden Northamptonshire NNIO 9TB Date: Pa8e 3
SHARNBROOK AMATEUR THEATRE TRUST U Statement of Finandal ActlvStles for the ear ended 31 DECEMBER 2024 2024 Unrestrirted fund5 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Donatlons and le8acles 5.685 Charftable actlvttles Pr¢)ductlons Workshops Subscriptlons 75,874 1,520 3,180 S4,915 305 3,540 Other tradin8 activStles Investment income 47,815 2,283 40,338 995 Total 133,276 105,778 EXPENDITURE ON Ralsln8 funds 14,014 12,082 Charltabl• actlvltles Pr¢)durtions Workshops 37,038 30,092 297 Other 78.247 65.595 Total 130,199 108,066 NET INCOME/IEXPENDITURE) Other re¢oznlsed Balns/llosses) Galns on revaluatlon of fixed assets 3,077 12,288) 326,635 Net movement In funds 329,712 (2,288) RECONauAnON OF FUNDS Total funds brought forward 878,161 880,449 TOTAL FUNDS CARRIED FORWARD 1.207,873 878,161 The note5 form part of these financial statements Page 4
SHARNBROOK AMATEUR THEATRE TRUST UMITED HE Balance Sheet 31 DECEMBER 2024 Unrestricted funds 2023 Total funds Notes FIXED ASSErs Tangible assets 1,093,497 911.166 CURRENT ASSErs Stocks Debtors Cash at bank and in hand 1,281 16,975 108,973 1,473 7,430 94,818 io 127,229 103.721 CREDITORS Amounts falling due within one year li (12,853) (10.0911 NET CURRENT ASSErs 114,376 93,630 TOTAL ASSEfs LESS CURRENT LIA8ILmES 1,207,873 1,004,796 PROVISIONS FOR LIABILITIES 12 (126,635) 1.207.873 878,161 FUNDS Unrestricted funds 13 1,207,873 878.161 TOTAL FUNDS 1,207,873 878,161 The charltable company is entitled to exemption from audlt under Section 477 of the Companies Act 2(M)6 for the year ended 31 December 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for la) ensurlng that the charitsble company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financlal statements which give a true and fair view of the state of affairs of the charitable company as at the end of each fInala1 year and of its surplus or deficit for eath financial year in accordance with the requlrements of Sections 394 and 39S and which otherwise comply with the requirements of the Companies Act 2006 relating to flnancial statements, so far as applicable to the charltable company. Ib) The notes form part of these financial statements Page 5 contlnued...
SHARNB OOK AMATEUR THEATRE TRUST UMITED Balance Sheet- ¢ontlnued 31 DECEMBER 2024 These flnandal statements have been prepared In accordance wlth the provisions applicable to charltable companles subject to the small companles reglme. financlal stategents were approved by the Board of Trustees and authorised for Issue on . and were sl8ned on Its behalf by: GFS fford- Tr ee The notes form part of these financial statements Page 6
SHARNBROOK AMATEUR THEATrE TRusf UMITED Notes to the Flnantlal Statements for the ear ended 31 DECEMBER 2024 ACCOUNTING pouaES 81$ of preparfnE the finandal statements The finanaal statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance wlth the Charltles SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended PrartSce appllcable to charities preparing their accounts in accordance with the Financial Reportln8 Standard applicable In the UK and Republic of Ireland IFRS 1021 (effective l January 2019),. Financial Reportin8 Standard 102 Yhe Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companles Act 2006. The financlal statements have been prepared urKler the historical cost conventlon, as modlfied by the revaluation of certain asse Income resources Charltable Tradlng Actlvhles Income from theatre admlsslon fees is Included in incomln8 resources in the period In whlch recelpts are recelved. Income from sales of goods and other Items is Included In the perlod In whlch the charlty Is entltled to recelpt, unless paid In arrears. Donatlons. Le8a¢les and Grnnts Income from donations. legacles and 8rants is included In incoming resources when these are recelvable. Legacles - income is included when the charlty is advised by the personal representatlve of an estate that payment wlll be made and the amount involved can be quantified. Subscrfptlons Subscriptlon income Is Included In Incomln8 resources in the perlod that It ts recelved. Glfts and Intinelble Inwme Intan8ible income, which comprlses donated seThices, is Included In Income at a valuatlon whith Is an estimate of flnanclal cost bome by the donor where such a cost is quantifiable and measurable.No Income Is recognlsed where there Is no financlal cost borne by a thlrd party. Interert Recel¥able Interest recelvable Is Included when recelvable by the thartty and Is allocated to each fund on an 'average balance held. basls. Resources expended Resources expended are Induded In the Statement of Financial Actlvitles on an accfuals basis indusive of any VAT whlch cannot be recovered. Certain expendlture Is directly attributable to specffic artivitles and has been Included In those cost Categories. Tanglble fixed assets Tangible fixed assets are capltallsed at cosL Depredation Is provlded for and alms to write off fixed assets over thelr expected useful lives on the following basis: Freehold property Improvement to property Ftxtures and fittings Costumes Nll Heating 5% of cost and Coolin8 IO% of cost 20% of NBV The Trustees are of the opinion that depreciation should not be charged on the Freehold Property, on the grounds that the depreciation tharge would be immaterial, owing to long useful economic life and high residual value of the building.The Trustees have considered this pollcy and consider it appropriate at the Balance Sheet date. Costumes are included at a conservative value and are not depreciated. Stocks Stocks are stated at the lower of cost and estimated selling price le5S Costs to complete and sell. Page 7 continued...
SHARNBROOK AMATEUR THEATRE TRusf UMIT HE Notes to the financlal Statements- continued for the ar ended 31 DECEMBER 2024 ACCOUNTING POUCIES- contlnued stocks Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Taxatlon The charity is exempt from corporation tax on Its charltable artivities. Deferred Taxatlon The charlty is exempt from corporation tax on capital gains where the procee(ts will be used for charitable purposes. In prior years, a deferred tsx liability was recognised in respect of unrealised gains on property revaluations. This treatment has been reviewed in the current year, and it has been concluded that no deferred tax should be recogni5ed, as no future tax Siability is expected to arise. Accordlngly, the previously recognised deferred Lix balance has been reversed in the current year. The tomparative figures reflect the previously held balance brought forward. Fund a¢¢ountlnE Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restrirted funds can only be used for particular restricted purposes within the objects of the charlty. 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. DONATIONS AND LEGACIES 2024 2023 Grants Fund the Future 1,406 1,198 3.000 2,685 2,604 5.685 OTHER TRADING ACTIVlnES 2024 2023 RHI Fundraislng Sales of goods Hlre of premises Costume and Equipment hire Bar and catering sales Third Party Shows Other 8,677 9,792 7.700 13,073 168 4,973 2,029 12,285 10.035 2.220 15,120 999 972 iio 47,815 40,338 Page 8 contlnued...
SHARNBRO AMATEUR THEATRE TRUST UMITED Notes to the Flnandal Statements - contlnued forthe ear ended 31 DECEMBER 2024 INVESTMENT INCOME 2024 2023 Deposlt account Interest 2,283 995 INCOME FROM CHARrrABiE ACTIVITIES 2024 2023 Activity Produrtlons Workshops Subscriptions Productions Workshops Subscriptions 75.874 1,520 3,180 54,915 305 3.540 80,574 58,760 NEf INCOMV(EXPENDITURE) Net Incomel{expenditurel Ss stated after charglng/{credltln8): 2024 2023 Depreclatlon- owned assets 17,669 17,767 TRusfEES' REMUNERATION AND BENEFrrs There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023. Page 9 contlnued...
SHARNBROOK AMATEUR THEATR ED Notes to the Flnanclal Statements- contlnue for the ear ended 31 DECEMBER 2024 TANGIBLE FIXED ASSErs Improvements to property Fixtures and fittln8s Freehold property Costumes Totals COST OR VALUATION At ljanuary 2024 Revaluation5 750.000 200,000 409.499 500 91,826 1,251,825 200,000 At 31 December 2024 950.000 409,499 500 91,826 1,451,825 DEPRECIATION At l January 2024 Charge for year 254,718 16,788 85,941 881 340,659 17,669 At 31 December 2024 271,506 86,822 358,328 NEf BOOK VALUE At 31 December 2024 950.000 137,993 500 5,004 1,093,497 At 31 December 2023 750,000 154,781 500 5,885 911,166 Cost or valuation at 31 Oecember 2024 Is represented bv.. Improvements to property Flxtures and fittlngs Freehold property Costumes Totals Valuatlon In 2017 Valuation in 2024 Cost 633,177 200,000 116,823 633,177 200,000 618,648 409,499 500 91,826 950,000 409,499 soo 91,826 1.451.825 If freehold property had not been revalued It would have been included at the following hlstorlcal cost: 2024 2023 Cost 116,823 116.823 Aggregate depreciation 19,422 17,434 Value of land In freehold land and bulldln8S 97,401 99,389 Freehold property was valued on an open market basis on 14 August 2024 by the trustee& Page 10 continued...
SHARNBROOK AMATEUR ThEATRE TRUST UMITED Notes to the Hnanclal Ststements- contlnued forthe ear ended 31 DECEMBER 2024 srocKS 2024 2023 Stocks 1.281 1.473 DEBTORS: AMOUNTS FAWNG DUE wmiiN ONE YEAR 2024 2023 Trade debtors Prepayments 13,048 3.927 4,193 3,237 16,975 7,430 ii. CREDrroRS: AMOUNTS FAWNG DUE wmiiN ONE YEAR 2024 2023 Trade credltors VAT Deferred income Accrued expenses 5.769 374 200 6,510 2.628 742 6,241 12.853 10,091 PROVISIONS FOR LIABILMES 2024 2023 Deferred tsx 126,635 MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unres¢rlrted funds General fund Revaluation 371,619 506.542 3,077 326,635 374,696 833,177 878.161 329,712 1,207.873 TOTAL FUNDS 878,161 329,712 1,207,873 Page 11 contlnued...
SHARNBROOK AMATEUR THEATRE TRusf UMrrED Notes to the NTrand Statements. contlnued for the ear ended 31 DECEMBER 2024 MOVEMENT IN FUNDS- contInd Net movement in funds. Induded In the above are as follows: Incoming resources Resources expended Gains and 1055es Movement In funds Unrestrlcted funds General fund Revaluatlon 133.276 1130.199) 3,077 326,635 326,635 133.276 1130.199) 326,635 329,712 TOTAL FUNDS 133,276 1130,199) 326,635 329,712 Compar•tfves lor movement In funds Net movement In funds At 31.12.23 At 1.1.23 Unrestrfcted funds General fund Revaluatlon 373,907 506.542 (2,288) 371,619 506,542 880,449 (2,288) 878,161 TOTAL FUNDS 880,449 (2,288) 878.161 Comparative net movement In funds, Induded in the above are as follows: Incomlng resources Resources expended Movement In funds Uniestrfcted funds General fund 105.778 1108.066) (2,2881 TOTAL FUNDS 105,778 1108.0661 12,2881 Page 12 continued...
SHARNBROOK AMATEUR TH THE TRusf UMITED Notes to the Flnanclal Statements- contlnued for the ear ended 31 DECEMBER 2024 MOVEMENT IN FUNDS- ¢ontlnued A current year 12 months and prior year 12 months comblned posltlon Is as follows: Net movement in funds At 31.12.24 At 1.1.23 Unrestrkted funds General fund Revaluat5on 373,907 506,542 789 326,635 374,696 833,177 880.449 327,424 1,207.873 TOTAL FUNDS 880,449 327,424 1,207,873 A current year 12 months and pdor year 12 months comblned net movement In funds, Included In the above are as follows; Incomln8 resources Resources expended Galns and losses Movement In funds Unrestrkted funds General fund Revaluatlon 239,054 1238,2651 789 326,635 326,635 239,054 {238,2651 326,635 327,424 TOTAL FUNDS 239,054 1238,2651 326,635 327,424 14. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 December 2024. Page 13
SHARNBROOK AMATEUR THEATrE TRUST UMrrED Detalled Statement of Anancial for the ar ended 31 DECEMBER 2024 2024 2023 INCOME AND ENDOWMEM Donatlons and leracles Grants Fund the Future 1,406 1.198 3,000 2,685 5.685 Other tradln8 acthAt RHI Fundralslng Sales of goods Hlre of premlses Costume and Equlpment hlre Bar and catering sales Thlrd Party Shows Other 8.677 9,792 7,700 13,073 10,035 2,220 15,120 999 972 4,973 2,029 12,285 iio 47,815 40,338 Investment Incom• Deposlt account interest 2,283 995 Ch•rltable actlvttles Productions Workshops 5ubscrlptlons 75,874 1,520 3,180 54,915 305 3.540 80,574 58,760 Total Incomln8 resources 133,276 105.778 EXPENDITURE Other tradlnz actfvltles Bar and Caterin8 purchases Purchase of goods Fund the Future Costume and Equipment hire Third Party Shows Other 9,565 6,006 177 5,364 535 39 706 3fM) 14.014 12,082 Charftable actlvftles Produrtions Carried forward 37,038 37.038 30,092 30,092 This page does not fom) part of the statutory financial statements Page 14
SHARNBROOK AMATEUR THEATRE TRusf UMITED Detslled Statement of Knanclal Activits for the ear ended 31 DECEMBER 2024 2024 2023 Charltable artlvftles Brought forward Workshops 37,038 900 30,092 297 37,938 30,389 Other Health & safety Projects Licen5 & subscriptions Irrecoverable VAT Rates and water Insurance Administration costs Publiaty Elertricity Cleaning Repalrs and maintenante Other Depreciation of tangible fixed assets 2,488 11.612 560 5,073 475 4,628 2,531 361 8,245 3,559 17.706 1,671 17,670 3,083 12,819 339 4,017 879 4,703 1,251 2,140 7,265 3,352 1,419 17,767 76.579 64,080 Support costs Governan costs Accountancy and legal fees 1,515 Total resources expended 130.199 108,066 Net Incon/(eXPendItUrej 3.077 12,2881 This pa8e does not form part of the statutory financlal statements Page 15