CODY MUSICAL THEATRE COMPANY FINANCIAL REPORT FOR THE YEAR ENDED 30 APRIL 2025
Charity No. 257135
CODY MUSICAL THEATRE COMPANY
| Page | |
|---|---|
| Annual Report of the Committee | 1 |
| Report of the Independent Examiner | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Detailed Income and Expenditure Accounts | 5 to 7 |
| Notes to the Accounts | 8 to 9 |
CODY MUSICAL THEATRE COMPANY
Annual Report of the Committee for the year ended 30 April 2025
The managing committee of the company presents their report for the year ended 30 April 2025 The members of the managing committee during the year were:
T Canfield - Chair General Committee - E McLoughlin - Honorary Treasurer D Barrell N Stephens - Secretary L Griffiths C Armes - Business Manager S Heath P Prebble R Tickner L Ward
Objects, Organisation and Activities
The charity is established for the staging of operas, operettas, musicals and other dramatic productions with a view to educating the general public and further develop public appreciation of the dramatic arts.
Review of Progress and Achievements
The committee presents the accounts for the year ended 30 April 2025 The Autumn 2024 production, "Priscilla - Queen of the Desert", produced a loss of £1,684. The Spring 2025 show, "Singin' in the Rain" produced a loss of £9,063.
Finances
The attached financial statements show the company's income and expenditure for the year ended 30 April 2025 and the state of the company's affairs as at that date.
Bankers
The company's bankers are: NatWest Bank plc National Savings Bank
Independent Examiner
R McKee
On behalf of the committee N Stephens Date
Page 1
CODY MUSICAL THEATRE COMPANY
Independent Examiners Report to the Trustees of the Cody Musical Theatre Company
I report on the accounts of the company for the year ended 30 April 2025 which are set out on Pages 3 to 9.
Respective responsibilities of trustees and examiner
As the charity's trustees, you are responsible for the preparation of the accounts. You consider that the audit requirements of Section 144 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified by the General Directions given by the Charity Commissioners under Section 145 of the Act, whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with general directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts prepared with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures adopted do not provide all the evidence that would be required in an Audit and consequently I do not express an opinion in the view given by the accounts.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
i) which gives me reasonable cause to believe that in any material respects the requirements
-
to keep accounting records in accordance with Section 130 of the Act
-
to prepare annual accounts which accord with the accounting records and do comply with the accounting requirements of the Act
have not been met, or
ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
M Wilkins
Date: 16th Feb 2026
Page 2
CODY MUSICAL THEATRE COMPANY
Statement of Financial Activities for the Year to 30 April 2025
| Income and Expenditure Income Autumn Show 2024 Spring Show 2025 General Account Expenditure: Autumn Show 2024 Spring Show 2025 General Account Net Loss for the Year Charitable Distributions Fund Balance brought forward Fund Balance carried forward |
2025 Unrestricted Restricted Funds Funds Total £ £ £ 45,957 - 45,957 41,336 - 41,336 404 - 404 87,697 - 87,697 47,640 - 47,640 50,399 - 50,399 2,313 - 2,313 100,353 - 100,353 12,656 - 12,656 - - - 109,094 109,094 96,438 96,438 |
2024 Total £ 30,631 49,090 2,298 |
|---|---|---|
| 82,019 | ||
| 32,564 53,327 3,075 |
||
| 88,966 | ||
| 6,948 - - 116,042 |
||
| 109,094 |
Page 3
CODY MUSICAL THEATRE COMPANY
Balance Sheet as at 30 April 2025
| Notes Fixed Assets 2 Current Assets Cash at Bank and on Hand 3 Debtors and Prepayments 4 Current Liabilities Creditors and Accruals 5 Net Current Assets Net Assets Represented By: Unrestricted Funds: Accumulated reserves brought forward Autumn Show 2024 Spring Show 2025 General Account Net Assets |
£ 83,166 5,340 |
2025 1,684 - 9,063 - 1,909 - |
£ 9,507 86,931 96,438 109,094 12,656 - 96,438 |
£ 59,480 40,654 |
2024 1,933 - 4,237 - 778 - |
£ 11,185 97,909 |
|---|---|---|---|---|---|---|
| 88,506 | 100,134 | |||||
| 1,575 | 2,225 | |||||
| 1,575 | 2,225 | |||||
| 109,094 | ||||||
| 116,042 6,948 - |
||||||
| 109,094 |
Page 4
CODY MUSICAL THEATRE COMPANY
Detailed Income and Expenditure Account for the Year Ended 30 April 2025 - Autumn Show September 2024
| Income Ticket Sales Programme Sales Audition Fees Show Fees Advertising Income Properties sales T- Shirt Sales Expenditure Royalties and Band Parts Purchase of Scores and Libs Orchestra Costs Musical Director Costs Costume Costs Scenery Costs Hire of Princes Hall Princes Hall Charges and Commissions Hire of Rehearsal Facilities Sound Lighting Make-up Costs Equipment Hire Properties Costs Programme Costs Ticket Printing Costs Publicity and Advertising T- Shirt Costs Show Insurance Catering and Bar Hire Cast and Stage Crew Subsistence Presents and Gratuities Sundry Expenses Loss for the Year (2023 - Profit) |
2025 "Priscilla" £ 42,734 678 - 2,545 - - - 7,504 - 3,465 - 7,165 6,865 10,696 4,077 402 2,235 1,302 103 - 132 491 119 1,584 - 1,136 328 - - 38 |
£ 45,957 47,640 1,684 - |
2024 "Rent" £ 26,728 604 - 2,549 750 - - 6,192 - 2,000 180 769 3,672 8,669 2,566 829 1,959 726 19 710 101 693 77 1,361 - 1,136 473 102 120 210 |
£ 30,631 32,564 |
|---|---|---|---|---|
| 1,933 - |
Page 5
CODY MUSICAL THEATRE COMPANY
Detailed Income and Expenditure Account for the Year Ended 30 April 2025 - Spring Show March 2025
| Income Ticket Sales Programme Sales Show Fees Advertising Income T - Shirt Sales Expenditure Royalties and Band Parts Orchestra Costs Costume Costs Scenery Costs Hire of Princes Hall Princes Hall Charges and Commissions Hire of Rehearsal Facilities Sound Lighting Make-up Costs Property costs Programme Costs Ticket Printing Costs Publicity and Advertising Show Insurance Catering and Bar Hire Cast and Stage Crew Subsistence Presents and Gratuities Sundry Expenses Loss for the Year (2023 - Profit) |
2025 "Singin' in the Rain" £ 38,271 634 2,386 44 - 8,148 4,680 7,548 7,357 9,318 3,674 853 2,633 1,171 56 377 480 105 2,253 1,254 328 89 75 - |
£ £ 41,336 50,399 9,063 - |
2024 "42nd Street" £ 44,288 852 3,200 750 - 8,154 5,055 9,975 5,437 10,312 4,252 405 5,368 323 39 210 600 126 1,291 1,136 644 - - - |
49,090 53,327 |
|---|---|---|---|---|
| 4,237 - |
Page 6
CODY MUSICAL THEATRE COMPANY
General Income and Expenditure Account for the Year Ended 30 April 2025
| Notes Income Subscriptions Costume Sale Income Sundry Income Donations Received Fund Raising Rehearsal Refreshments Deposit Interest Received Expenditure Printing, Stationery and Photocopying Costs Web Site Maintenance Repairs and Maintenance Social Committee Subsidy NODA Medals and Awards NODA Subscription Sundry Expenses Scenery Hut Rent Donations Bank Charges (Profit)/Loss on disposal of Fixed Assets Depreciation Surplus for the Year (2022 - Deficit) |
2025 £ 170 - - - - 106 - - - - 67 299 208 - - 62 - 1,678 |
£ 276 128 404 2,313 1,909 - |
2024 £ 1,081 - - 1,013 - 105 19 - - 545 88 245 29 - - 78 - 2,072 |
£ 2,199 |
|---|---|---|---|---|
| 99 | ||||
| 2,298 3,076 |
||||
| 778 - |
Page 7
CODY MUSICAL THEATRE COMPANY
NOTES TO THE ACCOUNTS
1. Accounting Policies
-
a) The accounts have been prepared under the historical cost convention.
-
b) Fixed Assets are stated at cost less depreciation. Depreciation has been calculated using the the reduced balance method as follows:
-
Production Equipment - 25% Scenery Store - 10%
-
c) Where applicable, income and expenditure has been allocated against the relevant production. Income and expenditure not directly related to an individual show has been allocated to the General Income and Expenditure Account.
-
d) Taxation - The Company is a registered charity entitled to exemption afforded by Sections 521 to 536 Income and Corporation Taxes Act, 2007.
| 2. Fixed Assets Cost At 1 May 2024 Additions Disposals At 30 April 2025 Depreciation At 1 May 2024 Disposals Charge for the Year At 30 April 2025 Net Book Value At 30 April 2025 At 30 April 2024 3. Cash at Bank and on Hand National Savings Bank - Deposit Account NatWest Bank - Main Current Account NatWest Bank - Charity Current Account Cash on Hand |
Production Scenery Equipment Store 15,580 17,248 - - - |
Total £ 32,828 - - |
|---|---|---|
| 15,580 17,248 |
32,828 | |
| 11,848 9,795 - 933 745 |
21,643 - 1,678 |
|
| 12,781 10,540 |
23,321 | |
| 2,799 6,708 |
9,507 | |
| 3,732 7,453 |
11,185 | |
| 2025 £ 12,926 70,149 40 50 83,166 |
2024 £ 12,798 46,592 40 50 |
|
| 59,480 |
Page 8
CODY MUSICAL THEATRE COMPANY
NOTES TO THE ACCOUNTS
| 4. Debtors and Prepayments Trade Debtors Other Debtors Deposits Paid in Advance Prepaid Expenses 5. Creditors and Accruals Creditors Accruals 6. Interest Received National Savings Bank |
2025 £ - - 4,086 1,254 5,340 2025 £ - - - 2025 £ 128 128 |
2024 £ 28,631 - 10,887 1,136 |
|---|---|---|
| 40,654 | ||
| 2024 £ 675 1,550 |
||
| 2,225 | ||
| 2024 £ 99 |
||
| 99 |
Page 9
TREASURER’S REPORT 2025
Pur financial year ended 30 April 2025 does not, sadly, present a very rosy picture. The loss making trend established in 2024 appears to have continued. shows.
During the year ended 30 April 2025 our two shows generated losses of £10,747 in total.
Both of the shows we produced in the year might have been considered low risk. However, our costs have risen to such a high level in the past two years that, even with combined box office receipts of over £87,000, our costs were higher still. Much of the increased costs come from the provider of our performance venue i.e. The Princes Hall – who have reduced the various discounts that they once applied to their charges to us and, in some cases, removed them altogether.
Our General Account showed a deficit of £1,909. PLEASE NOTE THAT THE WAY WE ACCOUNT FOR MEMBER’S “Subscriptions” has changed. We now show subscriptions from performing members as income related top the relevant show. As a consequence, subscriptions from nonperforming members is all that is shown in the General Account. I will admit that the split between the different classes of members may not be 100% accurate but the overall situation between the three income and expenditure accounts that make up these accounts will be correct.
The net worth of the company decreased by £12,656 in this twelve month period. As I warned in last year’s report, the erosion of our reserves will not be sustainable if it is allowed to run indefinitely.
This report marks my retirement as the Honorary Treasurer of Cody Musical Theatre Company as this is the last time I will be presenting the annual accounts and Treasurer’s Report to the members. It would have been nicer if the financial news was a bit better. But we have been here before more than once and I am sure we will pull through and return to profitable ways.
As always, I would like to thank all the other members of the committee for their assistance during the year and indeed, over the past three decades.
Eric McLoughlin
HONORARY TREASURER
1