**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