## WESSEX MUSICAL THEATRE
## “STRATHMORE”
53 BOWLEAZE COVEWAY PRESTON WEYMOUTH DORSET DT3 6PL
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
## WESSEX MUSICAL THEATRE
## CONTENTS
I REFERENCE AND ADMINISTRATIVE DETAILS II TRUSTEES’ REPORT III ACCOUNTANTS’ REPORT IV STATEMENT OF FINANCIAL ACTIVITIES V BALANCE SHEET VI NOTES TO THE FINANCIAL STATEMENTS VII NOTES TO THE FINANCIAL STATEMENTS – Continued VIII NOTES TO THE FINANCIAL STATEMENTS – Continued IX NOTES TO THE FINANCIAL STATEMENTS – Continued X NOTES TO THE FINANCIAL STATEMENTS – Continued
WESSEX MUSICAL THEATRE REFERENCE AND ADMINISTRATIVE DETAILS
PAGE I
## **President**
Mrs Hilary Langmead
## **Trustees**
Mrs Stella Brading (Chairman) Mrs Zoe Bamford (Secretary)
## **Treasurer**
Mrs Christine Mould
## **Committee Members**
Darrell Hounsome Tom Howden Shakira Beresford Jon May Paul Brewster Mrs Sue Greenman Franz Atkinson Paul Jones
## **Press and Publicity Manager**
Graham Elliott (Production Manager) Emily Lynch (Publicity Manager)
## **Bankers**
Lloyds Bank plc 92 St Mary Street WEYMOUTH Dorset DT4 8PA
## **Accountants**
Casterbridge Hardy LLP “Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL Website: www.casterbridgehardy.co.uk Email: info@casterbridgehardy.co.uk
## **Independent Investment Advisors**
A W D Chase de Vere Wealth Management Limited 11 Seven Dials Bath BA1 1EN
REGISTERED CHARITY: 262890
WESSEX MUSICAL THEATRE
PAGE II
## TRUSTEES’ REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
The officers of the committee shall be elected for a three year period and are eligible for re-election. The Management Committee Members (other than officers) shall serve for a maximum period of three years. One lady and one gentleman of the Management Committee shall retire annually and shall not be eligible for reelection for one year.
The charity was established by Trust Deed dated 18 August 1971, and is registered with the Charity Commission Number 262890. Its registered address is “Strathmore” 53 Bowleaze Coveway, Preston, Weymouth, Dorset DT3 6PL.
## **Objects and activities**
To educate the public in the Dramatic and Operatic Arts: to further the development of public appreciation and taste in the said Arts: to donate funds when considered possible or practical for charitable purposes.
- (a) To promote plays, drama, comedies, operas, operettas and other dramatic and operatic works of educative value.
- (b) Acquire and obtain interests in the copyright of, or the right to perform or show, any such dramatic or operatic work.
- (c) To purchase or otherwise acquire plant, machinery, furniture, fixtures, fittings, scenery and all other necessary effects.
- (d) To raise funds and invite and receive contributions from any person or persons whatsoever by way of subscription, donation and otherwise: provided that the Society shall not undertake any permanent trading activities in raising funds.
- (e) To do all such things as shall further the objects of the Society.
## **2024 Review of the year**
The society has had a very good year. Following on from the staging of the Addams Family in 2023 where we made a considerable loss, we changed venues to ‘The Thomas Hardye School’ Dorchester which proved a success in many ways. A show fee of £25 for all cast members was introduced to help towards the cost of costumes & props. The show attracted full houses at every performance by the use of a very good targeted advertising on Facebook by our Publicity Team and the placing of posters around Dorchester, as we were at a private venue we were able to run our own bar, which proved to be very profitable. Overall, the show did not contribute to the fundraising for the society but we incurred a very small loss of around £500.00.
Fundraising over the summer was helped by performing at local events such as our highly successful concert at The Nothe Fort, which is always a success and a crowd pleaser. Once again, our annual Christmas Show was a success, expenditure was kept to the minimum and again by utilising booking sites such as Ticketsource, the use of Sum Up to aid transactions and through targeted advertising on Facebook, the society achieved a profit of around £6,500, which exceeded last year and is the highest ever profit achieved for a Christmas show. The show like always was well received by the Weymouth community.
As at December 2024 we had 74 subscribed members, the increase in the membership fees, the success of ‘Sister Act’, The Nothe Concert and the profit made from the Christmas Show have given the society the push to be back at Weymouth Pavilion in May 2025 for the staging of the popular musical ‘Oliver’.
## **Public benefit**
As required by section 4 of the Charities Act 2011, the trustees have considered the guidance published by the Charity Commission in respect of public benefit. They believe that the Charity’s objects, as set out above, fall within the definition of the charitable purposes set out in section 2 of the Act and the activities set out above contribute to the meeting of those objectives.
Approved by the Trustees on ………………………2025 and signed on their behalf by:
…………………………….STELLA BRADING (CHAIRMAN) TRUSTEE
## WESSEX MUSICAL THEATRE PAGE III ACCOUNTANTS REPORT TO THE TRUSTEES ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024
In accordance with the engagement letter, and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the Financial Statements of the charity which comprise the Statement of Financial Activities, and the related notes from the accounting records and information and explanations you have given to us.
This report is made to the Charity’s Board of Trustees, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the Financial Statements that we have been engagement to compile, report to the Charity’s Board of Trustees that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and the Charity’s Board of Trustees, as a body, for our work or for this report.
We have carried out this engagement in accordance with technical guidance issued by the Institutes of Financial Accountants (IFA/IPA), the Association of International Accountants (AIA), the Association of Accounting Technicians (AAT), and Federation of Taxation Advisers (FTA/PIA) we are subject to its ethical and other professional requirements which are detailed at www.ifa.org.uk and www.aiaworldwide.com and www.aat.org.uk
You have acknowledged on the Balance Sheet as at 31 December 2024 your duty to ensure that the charity has kept proper accounting records and to prepare Financial Statements that give a true and fair view under the Charities Act 2011. You consider that the charity is exempt from the statutory requirement for an audit for the year.
We have not been instructed to carry out an audit of the Financial Statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the Financial Statements.
Casterbridge Hardy LLP Financial and International Accountants, Taxation Specialists and Business Advisors
“Strathmore” 53 Bowleaze Coveway Preston WEYMOUTH Dorset DT3 6PL
## RBW/17 February 2025/W600WCH400/LGD/KTSW
|WESSEX MUSICAL THEATRE
STATEMENT OF FINANCIAL ACTIVITIES FOR|THE YEAR|ENDED 31 DECEMBER 2024|PAGE IV
Total
Total
Funds
Funds
31.12.24 31.12.23|
|---|---|---|---|
|**Income Resources**
Incoming resources from generated funds
- Voluntary income
- Activities for generating funds
- Investment income
Other incoming resources
Total incoming resources
**Resources expended**
Costs of generating funds
- Investment management costs
Charitable activities
Governance costs
Total resources expended
Net movements in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|Notes
2
3
4
5
6
6
6|Unrestricted
Funds
10857
36549
890
12075
----------------
60371
----------------
-
33023
2789
----------------
35812
----------------
24559
127034
---------- ------
£151593
====== ====||
All incoming resources and resources expended derive from continuing activities.
The charity has no recognised gains or losses for the year other than the results above.
## **The notes on pages VIII to XII form an integral part of these financial statements.**
|WESSEX MUSICAL THEATRE
BALANCE SHEET AS AT 31 DECEMBER 2024|PAGE V
**As at**
**31 December 2023**
Notes
£
£
£
£
9
2770
1037
10
143852
132904
----------
----------
146622
133941
11
-
-
23626
11748
---------
---------
23626
11748
12
1000
1000
--------
---------
22626
10748
----------
---------
£169248
£144689
======
======
26024
12448
143852
132904
(628)
(663)
----------
----------
143224
132241
----------
----------
£169248
£144689
======
======|
|---|---|
|FIXED ASSETS
Tangible Assets
Investments
CURRENT ASSETS
Debtors
Cash at Bank and in Hand
CREDITORS:Amounts falling due
within one year
Net Assets
NET ASSETS
**The funds of the charity**:-
Restricted funds
Unrestricted funds
Other Reserves
Unrestricted Income Funds
Total Unrestricted Funds
TOTAL CHARITY FUNDS||
Approved by the Board on …………………………..2025 and signed on its behalf by:-
………………………………TRUSTEE
## WESSEX MUSICAL THEATRE
## INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
2. VOLUNTARY INCOME
3. ACTIVITIES FOR GENERATING FUNDS
4. INVESTMENT INCOME
5. OTHER INCOMING RESOURCES
6. TOTAL RESOURCES EXPENDED
7. TRUSTEES’ REMUNERATION AND EXPENSES
8. NET (OUTGOING)/INCOMING RESOURCES
9. TANGIBLE FIXED ASSETS
10. INVESTMENTS HELD AS FIXED ASSETS
11. DEBTORS
12. CREDITORS: Amounts falling due within one year
13. RELATED PARTIES
14. ANALYSIS OF FUNDS
15. NET ASSETS BY FUND
WESSEX MUSICAL THEATRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
PAGE VI
## 1. ACCOUNTING POLICIES **Basis of preparation**
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities (SORP2005)’, issued in March 2005, applicable accounting standards and the Charities Act 2011.
## **Fund accounting policy**
Unrestricted income funds are general funds that are available for use at the trustees’ discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Further details of each fund are disclosed in note 14.
## **Incoming resources**
Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income derived from events is recognised as earned (that is, as the related goods or services are provided).
Investment income is recognised on a receivable basis.
## **Resources expended**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are investment management fees.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Governance costs**
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional or constitutional matters.
## **Fixed assets**
Individual fixed assets costing £0 or more are initially recorded at cost.
## **Depreciation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:-
Furniture and equipment
15% per annum Reducing Balance method
WESSEX MUSICAL THEATRE
PAGE VII
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
## **Investments**
Fixed asset investments are included at market value at the balance sheet date.
Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the statement of the financial activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the statement of financial activities based on the market value at the year end.
## 2. VOLUNTARY INCOME
|**Donations and legacies**
Donations
Subscriptions
Other income
3.
ACTIVITIES FOR GENERATING FUNDS
**Shows and performances**
Charitable Activities
4.
INVESTMENT INCOME
Investment income
5.
OTHER INCOMING RESOURCES
Gift Aid Grant with Interest
Unrealised profit/(loss) from revaluation|Unrestricted
Funds
£
173
10003
681
--------------
£10857
===== ====
Unrestricted
Funds
£
36549
-----------------
£36549
===== ====
Unrestricted
Funds
£
£890
=== ====
Unrestricted
Funds
£
1127
10948
-----------------
£12075
===== ====|RestrictedTotal Funds
Total
Funds 31.12.24 31.12.23
£
£
£
-
173
3025
-
10003
8654
-
681
550
------------------------------------------
£ -
£10857 £12229
======== ===============
RestrictedTotal Funds
Total
Funds 31.12.24 31.12.23
£
£
£
-
36549
22840
-----------------------------------------
£ -
£36549 £22840
========================
RestrictedTotal Funds
Total
Funds 31.12.24 31.12.23
£
£
£
£-
£890
£727
========================
RestrictedTotal Funds
Total
Funds 31.12.24 31.12.23
£
£
£
-
1127
1990
-
10948
11415
-----------------------------------------
£-
£12075 £13405
========================|RestrictedTotal Funds
Total
Funds 31.12.24 31.12.23
£
£
£
-
173
3025
-
10003
8654
-
681
550
------------------------------------------
£ -
£10857 £12229
======== ===============
RestrictedTotal Funds
Total
Funds 31.12.24 31.12.23
£
£
£
-
36549
22840
-----------------------------------------
£ -
£36549 £22840
========================
RestrictedTotal Funds
Total
Funds 31.12.24 31.12.23
£
£
£
£-
£890
£727
========================
RestrictedTotal Funds
Total
Funds 31.12.24 31.12.23
£
£
£
-
1127
1990
-
10948
11415
-----------------------------------------
£-
£12075 £13405
========================|
|---|---|---|---|
|||-----
===|Funds 31.12.24|
WESSEX MUSICAL THEATRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
PAGE VIII
## 6. TOTAL RESOURCES EXPENDED
|**Direct costs**
Charitable Expenses
Establishment costs
Donations
Advertising
Accountancy fees
Depreciation of tangible fixed assets
Insurance
Sundry|Investment
Income
£
-
-
-
-
-
-
-
-
--- -
£-
== =|Shows &
Performances|Shows &|Governance Total
£
£
-
28962
-
3000
1032
1032
179
179
1049
1049
488
488
-
1061
41
41
-------------------- -------
£2789 £35812
================|
|---|---|---|---|---|
||||||
|||Etc.
£
28962
3000
-
-
-
-
1061
-
-------------------
£33023
===========|||
## 7. TRUSTEES’ REMUNERATION AND EXPENSES
No trustees received any remuneration during the year.
8. NET (OUTGOING)/INCOMING RESOURCES
Net (outgoing)/incoming resources is stated after charging/(crediting):-
|Depreciation of owned assets
Profit/Loss on disposal of investments
9.
TANGIBLE FIXED ASSETS
**Cost**
As at 01 January 2024
Add:Additions
At 31 December 2024
**Depreciation**
As at 01 January 2024
Charge for the year
As at 31 December 2024
**Net book value**
As at 31 December 2024
As at 31 December 2023|2024
2023
£
£
482
177
10948
11415
=====
=====
Furniture and Equipment|2023|
|---|---|---|
||
£
7494
2221
-------
9715
-------
6457
488
-------
6945
-------
£2770
====
£1037
====||
## WESSEX MUSICAL THEATRE PAGE IX NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
## 10. INVESTMENTS HELD AS FIXED ASSETS
|
**Market value**
As at 01 January 2024
Revaluation
As at 31 December 2024
**Net book value**
As at 31 December 2024
As at 31 December 2023
11.
DEBTORS
Prepayments and accrued income
12.
CREDITORS: Amounts falling due within one year
Trade creditors
13.
RELATED PARTIES
**Controlling entity**
The charity is controlled by the trustees.
14.
ANALYSIS OF FUNDS|Listed Investments|
|---|---|
||£
132904
10948
----------
143852
----------
£143852
======
£132904
======
2024
2023
£
£
£-
£ -
==
==
2024
2023
£
£
£1000
£1000
====
=====|
|**General Funds**
Unrestricted income fund
**Restricted Funds**
Investment Drawn Down
|At 01 January
2024
£
134689
10000
-----------------
£144689
==========|Incoming
Resources
£
60371
-
----------------------
£60371
=============|Resources
Expended
£
(35812)
-
--------------- -
£(35812)
=========|At 31
December
2024
£
159248
10000
--------------
£169248
========|
|---|---|---|---|---|
PAGE X
## WESSEX MUSICAL THEATRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
## 15. NET ASSETS BY FUND
|NET ASSETS BY FUND||||||
|---|---|---|---|---|---|
|Tangible assets
Investments
Current assets
Creditors: Amounts falling due within one year
Net assets|Unrestricted
Funds
£
32
143852
340
(1000)
-----------------
£143224
==========|Restricted||Total Funds
Total
2024
2023
£
£
2770
1037
143852
132904
23626
11748
(1000)
(1000)
------------- ------------
£169248 £144689
= ======= =======|Total|
|||Funds
£
2738
-
23286
-
---------------
£26024
========|Funds||2023|