**CHARITY REGISTRATION NUMBER: 246831**
## **Crompton Stage Society Unaudited Financial Statements 31 August 2024**
## **Thompson Jones Business Solutions Limited**
**2 Heap Bridge, Bury**
**BL9 7HR**
## **Crompton Stage Society**
## **Financial Statements**
## **Year ended 31 August 2024**
||**Page**|
|---|---|
|Trustees' annual report|**1**|
|Independent examiner's report to the trustees|**4**|
|Statement of financial activities|**5**|
|Statement of financial position|**6**|
|Notes to the financial statements|**7 to 11**|
## **Crompton Stage Society**
**Trustees' Annual Report**
## **Year ended 31 August 2024**
The trustees present their report and the unaudited financial statements of the charity for the year ended 31 August 2024.
## **Reference and administrative details**
**Registered charity name** Crompton Stage Society **Charity registration number** 246831 **Principal office** Playhouse 2 2 Newtown Street Shaw OL2 8NX **The trustees** J Haughton E Rosebury S Bennett F Hough D Liddell P Rosebury C Sharp B Micklethwaite J Tweedie J M Tweedie C Bennett A Barnes P Ludlam
**Accountants** Thompson Jones Business Solutions Limited 2 Heap Bridge, Bury BL9 7HR
## **Structure, governance and management**
The Crompton Stage Society is governed by its Constitution and the Trustees are elected annually at the Annual General Meeting.
## **Objectives and activities**
The Objective of the society is to promote the arts to the community. The society is an amateur theatre company providing entertainment for the local community and providing theatre facilities for use of other theatre groups, schools and societies.
**1**
## **Crompton Stage Society**
**Trustees' Annual Report** _**(continued)**_
## **Year ended 31 August 2024**
## **Achievements and performance**
Crompton Stage Society at Playhouse 2 is run entirely by volunteers steered by a Management Committee of 13, also volunteers.
Throughout the year we continue to provide 5 play productions, our Gig entertainment, a successful Youth Theatre and a Golden Oldies Film Afternoon. All of these over the year have brought new people into our audiences not just locally but from far and wide.
Local schools also utilise the building and we continue to support Charities on the Monday of every play production.
Membership has grown and we gained new volunteers from Oldham Coliseum after it closed who have fitted into a number of areas such as bar, back stage and front of house.
In 2023 we introduced 3 new young Directors for our plays and held a Get Involved Afternoon which again brought new volunteers.
We continue to redevelop our building and carry out essential repairs through local tradesmen.
All in all 2023 was a successful year and one to build upon again in the year ahead.
## **Financial review**
The Charity reported an increase in income for the year of £252,599 (2023: £150,699) and expenditure of £219,945 (2023: £129,933) resulting in a profit of £32,654 (2023: £20,766).
Income for the charities activities has recovered after the fall in the previous two years because of shutdowns because of the Covid pandemic.
The charity took the opportunity when unable to open, to carry out repairs to the premises costing £18,599, which have contributed to the loss shown in the financial results.
## **Reserves policy**
To create sufficient reserves to ensure the future and stability of the theatre for future generations, the finances and future plans for the society are discussed annually by the members at the Annual General Meeting.
The members agreed in order to protect the fabric and structure of the building, that a building fund should be created to ensure funds would be available for future repairs and maintenance.
## **Trustees' responsibilities statement**
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period.
**2**
## **Crompton Stage Society**
## **Trustees' Annual Report** _**(continued)**_
## **Year ended 31 August 2024**
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the applicable Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees' annual report was approved on ……………..and signed on behalf of the board of trustees by:
B Micklethwaite Trustee
**3**
**Independent Examiner's Report to the Trustees of Crompton Stage Society**
## **Crompton Stage Society**
## **Year ended 31 August 2024**
I report to the trustees on my examination of the financial statements of Crompton Stage Society ('the charity') for the year ended 31 August 2024.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
J Roach A.C.A. Thompson Jones Business Solutions Limited Independent Examiner
2 Heap Bridge Bury BL9 7HR
**4**
## **Crompton Stage Society**
## **Statement of Financial Activities**
## **Year ended 31 August 2024**
|**Note**
**Income and endowments**
Donations and legacies
**4**
Charitable activities
**5**
Investment income
**6**
**Total income**
**Expenditure**
Expenditure on charitable activities
**7,8**
**Total expenditure**
**Net expenditure and net movement**
**in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
-
250,186
1,746|
**Restricted**
**funds**
**£**
667
-
-
**2024**|**2023**
**Total**
**funds**
**Total**
**funds**
**£**
£
667
2,136
250,186
147,954
1,746
609|
|---|---|---|---|
||251,932|
667|
252,599
150,699|
||219,945|-
-|
219,945
129,933|
||219,945||219,945
129,933|
|||||
||31,987|667|32,654
20,766|
||60,975|5,749|66,724
45,958|
||92,962|6,416|99,378
66,724|
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 page 7 to 11 form part of these financial statements**
**5**
## **Crompton Stage Society**
## **Statement of Financial Position**
## **31 August 2024**
|**Note**
**Current assets**
Debtors
**12**
Cash at bank and in hand
**Creditors: amounts falling due within one year**
**13**
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Funds of the charity**
Restricted funds
Unrestricted funds
**Total charity funds**
**14**|**2024**
**2023**
**£**
**£**
3,648
5,299
96,600
62,250
100,248
67,549
870
825
99,378
66,724
99,378
66,724
99,378
66,724
6,416
5,749
92,962
60,975
99,378
66,724|
|---|---|
These financial statements were approved by the board of trustees and authorised for issue on …, …………….and are signed on behalf of the board by:
J Haughton Trustee
**The notes on page 7 to 11 form part of these financial statements.**
**6**
## **Crompton Stage Society**
## **Notes to the Financial Statements**
## **Year ended 31 August 2024**
## **1. General information**
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Playhouse 2, 2 Newtown Street, Shaw, OL2 8NX.
## **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 Charities Act 2011.
## **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.
## **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.
## **Incoming resources**
All income is 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.
**7**
## **Crompton Stage Society**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 August 2024**
## **3. Accounting policies** _**(continued)**_
## **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:
## **Financial instruments**
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction.
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
## **4. Donations and legacies**
|**Donations**
Donations
**Donations**
Donations|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**2024**
£
£
**£**
- 667
667|
|---|---|
||- 667
667|
||**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**2023**
£
£
£
-
2,136
2,136|
||-
2,136
2,136|
**8**
## **Crompton Stage Society**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 August 2024**
## **5 Charitable activities**
|Bar Takings
Raffle
Subscriptions
Ticket Sales
Theatre Hire
Memberships
Misc. Income
Advertising
PH2 Youth
**Investment income**
Bank interest receivable|**Unrestricted**
**Funds**
£
46,102
2,898
21,285|
**Total**
**Funds**
**2024**
**£**
46,102
2,898
21,285
141,919
27,891
1,310
1,015
360
7,406|
**Unrestricted**
**Funds**
**Total**
**Funds**
**2023**
£
£
30,065
30,065
2,587
2,587
16,680
16,680
79,616
79,616
11,751
11,751
830
830
90
90
- -
6,335
6,335|
|---|---|---|---|
||141,919|||
||27,891
1,310
1,015
360
7,406|||
||250,186|250,186|147,954
147,954|
||**Unrestricted**
**Funds**
£
1,746|
**Total**
**Funds**
**2024**
**£**
1,746|
**Unrestricted**
**Funds**
**Total**
**Funds**
**2023**
£
£
609
609|
## **6 Investment income**
## **7 Expenditure on charitable activities by fund type**
|Production
Bar
Support costs
Production
Bar
Support costs|**Unrestricted**
**Funds**
£|
**Restricted**
**Funds**
**Total**
**Funds**
**2024**
£
**£**|
|---|---|---|
||139,492
35,073
45,380|-
139,492
-
35,073
-
45,380|
||219,945|-
219,945|
||**Unrestricted**
**Funds**
£
68,691
27,460|
**Restricted**
**Funds**
**Total**
**Funds**
**2023**
£
£
- 68,691
- 27,460|
||33,782|
-33,782|
||129,933|- 129,933|
**9**
## **Crompton Stage Society**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 August 2024**
## **8 . Expenditure on charitable activities by activity type**
|Production
Bar
Premises & other
**9 .**
**Analysis of support costs**
Light and heat
Rates and Water
Repairs and renewals
Insurance
Security
Office costs
Accountancy|**Activities**
**undertaken**
**directly**
£|
**Support**
**costs**
£
-
-|
**Total**
**funds**
**2024**
**£**
139,492
35,073
45,380|
**Total**
**fund**
**2023**
£
68,691
27,460
33,782|
|---|---|---|---|---|
||139,492
35,073||||
||-|
45,380|||
||174,565|45,380|219,945|129,933|
|||£
14,975
2,357
18,599
3,280
2,088
3,058
1,023|**Total**
**2024**
**£**
14,975
2,357
18,599
3,280
2,088
3,058
1,023|
**Total**
**2023**
£
8,921
731
16,924
2,945
1,676
1,681
904|
|||45,380|45,380|33,782|
|**10 . Independent examination fees**
Fees payable to the independent examiner for:
Independent examination of the financial statements|**2024**
**2023**
**£**
£
870
825|
|---|---|
**11 . Trustee remuneration and expenses**
No remuneration or expenses were received by the trustees during the year.
## **12 . Debtors**
|Prepayments and accrued income
**13 . Creditors:** **amounts falling due within one year**
Accruals and deferred income|**2024**
**2023**
**£**
£
3,648
5,299|
|---|---|
||**2024**
**2023**
**£**
£
870
825|
**10**
## **Crompton Stage Society**
## **Notes to the Financial Statements** _**(continued)**_
## **Year ended 31 August 2024**
## **14 . Analysis of charitable funds**
## **Unrestricted funds**
|**Unrestricted funds**||||
|---|---|---|---|
|**At**
**1 September**
**2023**
£
General funds
60,975
**At**
**1 September**
**2022**
£
General funds
42,345
**Restricted funds**
**At**
**1 September**
**2023**
£
Building Fund
5,749
**At**
**1 September**
**2022**
£
Building Fund
3,613
Current assets
Creditors less than 1 year
**Net assets**
Current assets
Creditors less than 1 year
**Net assets**
**Analysis of net assets between funds**|**At**
**1 September**
**2023**
£
60,975|
£
251,932
**Income**|**At**
**31 August**
**2024**
£
£
(219,945)
92,962
**Expenditure**|
||**At**
**1 September**
**2022**
£
42,345|
£
148,563
**Income**|**At**
**31 August**
**2023**
£
£
(129,933)
60,975
**Expenditure**|
||**At**
**1 September**
**2023**
£
5,749|
£
667
**Income**|**At**
**31 August**
**2024**
£
£
-
6,416
**Expenditure**|
||**At**
**1 September**
**2022**
£
3,613|
£
2,136
**Income**|**At**
**31 August**
**2023**
£
£
-
5,749
**Expenditure**|
|||**Unrestricted**
**Funds**
£
93,832
(870)|
**Restricted**
**Funds**
**Total**
**Funds**
**2024**
£
**£**
6,416
100,248
–
(870)|
|||92,962|6,416
99,378|
|||**Unrestricted**
**Funds**
£
61,800
(825)|
**Restricted**
**Funds**
**Total**
**Funds**
**2023**
£
£
5,749
67,549
–
(825)|
|||60,975|5,749
66,724|
## **15 . Analysis of net assets between funds**
**11**