REGISTERED CHARJTY NLIMBEIL. 274782 REGISTERED COMPANY NUMBER: 14S77699 ES AND NAUDIT D FINANCIAL OR T DECEMBER 2 24 USICAL T EA RE
MUSICAL THEATRE SALISBURY Pages ReFQrt ofthe Trustees 3to6 Independent Examinels RepJrt Statement of Flnancial Activilies Balance Sheet 9t010 Notes of the Fin8nckg1 Ststements 11to17 Detailed Statement of Financial Activities 18to19
MUSIG4L THÉATRE SALISB.URY. REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 DECEM8ER 2024 The trustees present their rerx)rt with the financial statements of the charity for the year ended 31 Deoerllber 2024. The trustees have adopled the wovisions of Aecounling and ReFX)rting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financlal Reporting Standard applKable in the UK and Republic of Ireland (FRS 1021 (effective 1 January 2019). OWECTPS AND ACTIVITIES ObJectlve6 and alms The purpose5 of Musical Th8alr8 Saisbury IMTSI during the year under review remained that of staglng productions of musicals with the object ol educating the public in the Operat and d¥amalic arts and furthering the public aptKecialion in Ihe said arts. MTS is self-funding and does nol receive any glanls or stjbsidies. Musi¢al productions are cast from membets ofMTS. Show production and front of house activities are covered both from within the MTS membership and from outside volunteers. Certain show production posts ale remunerated by fees or honoraria, non8 of these posts are held by MTS memb8rs_ Membèrship of the organisalion is open to the genvral public. Public bonofit The Trustee8 confirm that they have complied with the duly in the Section 4 of the Charities Acl 2011 to have due regard to public benefit guidance published by the Charity Commission when reviewing the trust's aims and objectives aryj planning future activities.
MUSICAL THEATRE SA,LISBURY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEPIIBER 2024 FINANCIAL REVIEW Financial review and achievements The finartial statements have been Pfepared in accordance with the Unting poliues as set out in note 1. They have been subject lo an Independent Examination as it qualifies for exemption requirement to have an audtt. During the year, MTS put on tb%t) productlons that produ1 a net suWus of £5,384. In June 2024 the muslcal Klnky Boots w35 918ged at Sali8bury Playhouse. A total of 6 performances were hekj th 2,809 seals sold or 84% of total capa¢ily. A profft of £3.534 was made. In October 2024. The Addarns Family was performed al the Blackledge Thtre for 6 Fefofmanees with 403 seats sdd. A profit of £1,850 was made [ch includes the Pfofits made from the bar sale MTS members rehearsed and perfomed carol singing al varfous venues In Sallsbury at no charge. The costs of these are reflected in the Genefal Fund of the Swety. The daily &mini8traknon of MTS is funded by the "General Fund, bthich made a surplus of £39,700 during the year. This is the result of a £10.000 legacy from David Turner, a £1.500 SFonsorship, and a generous donation 01 £28,OCK) which is earmarked lo cover the costs of our July 2025 show to be perfomied al the Playhouse. Overall MTS made a surplus of £45.OB4 (2023.. 20,4621. The Trustees a r4eased that the accounts continue to slabilise and that this year it has made a healthy profl( partly due to SOTne tight budgeting and the generous sponsor and from the David Turner legacy. In order for the society to continue secullng its financial ty)sition. it has to chae its productions carefully and 11 has intrJUCed Several leve15 of'p8lronage' offering new supwrters varying levels of benefits wthin the Gift Aid ccmdilions. RosorYo$ At 31 DeCemr 2024 the unieslricted reseNè8 wert £112.053 (2023.. £66,9) which are av8ilable to the trustees lo cffj out MTS'S principal tr(les. To enEble the Trustees to prcKluce 8 Varied programme of shows, 11 requires funds to provlde the working capllal lo finance each producllon and lo provide funds to sub5idlse productions that may well not be as vlable or pxjpulai at the box offiG8. The Trustees currently require free funds in the rlon of £45.000 10 £ 60,000 lo enable MTS lo meet its obJ'8ctiV8S. The Trustees renISe the need lo ConnUe increasing the current level of reserves. For 2025 the inlenlk)n is to pul on two shows, one in the Playhouse in the summer, and one in November atthe Arts Centr8. For both, the use of backing tracks will reduce th8 production costs. Furthermore, the TnJstees have introduced carelul marketirKJ including rnore ex*ensive use of Sla1 media to improve the Chan of maknng a profil. Fund raising and the use of supporters will crtinUe to carry on improving the fundir4J situation. A tight expense budget is sel for each show,
MUSICAL.T'HEATRE SALISBURY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTUR& GOVERNANCE AND PdlANAGEMENT Govarniry document MTS was estsblished in 1908 known as Salisbury Amateur Operatic ScKiely and changed ils nam& trj Musical Theatre Salisbury Sn 2012. It became a registered charlty on 18 January 1978 and Is governed by ils oinslilution ar4d rulgs. 11 is run by thg general commltt8e Ilrustees) who deal wth the day-104Jay matters regarding finan and all aswts of the production ofthe musicals. Officets and CL)mrnitlee rnember5 are appointed in acrdanCe with the ruLgs set by the members at the annual goneral meeting. The committee is supwted by sub- committees who are chaired by offws of Mrs who represent them at the monthly general committee meetings. MTS'S committee and Su)MmitiS are all staffed by mambers ofthe charity on a voluntsry basis. The charlty Is affiliat1 lo the National Operatic and Dramatic A88ociation. The Society is represented by a President and a Vice-President both of IAhom are not Truste8s of the Society. MTS inwtes persons of stsndlng in the community lo fi11 these positions. For years, the Hon M Morrison DCVO ropT8senled MTS as President. and Mrs J Bowden as VI President. On 11 July 2025. the Hon M Morrison $looY down from this kk)sition s1 the Committee inmled Mrs J Blen lo become Presklenl of the S£IetY which she accepted. The Committee is actNely seeking a rePlarnent for the role of psident. Risk management The tnjstees have a duty to identify and review the ri8ks to which the charity is expowj and to ensure apprcfjrlale eonlrols are in place to provKl6 aS[mable assurance against fraud and error. The principal risk faced ty the charity is from losses sustslned from Ils performances. To minimise thls risk the Injstees assess each potenlial 5hov/s marketability and costs tefore il is con$idored by the meMiEhip f Ferfofmance. MTS incorporated with effect from 9 January 2Q23 to mlnlmlse the personal Tisk to the Trustees. The Charlty is a company limited by guarantee REFERENCE AND ADMINISTRATIVE DETAILS RegistsT8d Charity number 274782 ReglsteKed Company numb8r 14577699 Registered Office Glenmisl Mount Pleasant Stoford Sallsbsjry Ilshi SP2 OPP
MUSICAL THEATRE SALISBURY REPORT OF THE TRUSTEES EA ENDE 31 DECE OR Trust&os Coinniittee Chairman Mr R Gr2alhead ' Mr M Bolton . Mr D Fwrd Mrs B Potts rs N Vass IArs C Parrelt Mrs S Swindlehursl Ms H Smith Ms KAmier"'-- MT P McAuley MT J Bradley Mrs O Archer'-' Miss C Clark- Mr D Fwrd '- MrsLDufy- Ms A Howells" Ms A Harding - Mr J Stuart- Mrs J Kemm- Mrs O Archer Mr A Kerslake Treasurer Assistant Treasurer Sttretsry
Assistant Secretary ProdUctn Manager Publicity Assistant Pukl¢lty Elected Member5
*rt* ' Stood down at AGM 15 July 2024 Elected at AGM 15 July 2024 Stood down 19 June 2025 Stood (k)vm 14 March 2025
Etecled at AGM 15 July 2024 Stood down 20 June 2025
Stood down 19 June 2025 El&cled al AGM 29 July 2025 stood down al AGM 29 July 2026 The Committee are appointed by the members at the Annual General Meeling of the Charity. The offic£ts stand for eleCtn on an annual basis. Indgpendent Examlner Gemma Thomas FCCA FattS Chartered Accountants Windover House 26 Sl Ann Street Salisbury Willshire SP1 2DR Bankers HSBC Bank PIC 19 Minster Street Salisbury Wi115hire SP1 1TE Approved by order of the board of trustees on . .29 July 2025 ...... ...... and slgned ¢)n ils behalf by.. Miss K Armer- Trustee
MUSICAL T,HEATRÈ SALISBURY NDEPENDE EXAMINER'S REPORT TO THE TRUSTEES OF sic HE LISB I rekxxt lo the charity trustees on my examination of the coUnt3 of the company for the year ended 31 December 2024 Ich are set out wJes 8 to 17. Responslbllltles and basis of report As the charity tnjslees of the company land algo ts direclors for the purposes of company law} you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Having 8alisfied myself that the accounts of the company are not requlred to bè aLKlited under Part 16 of the 2006 A¢1 and are eligibl& for independent examination, I report in reswl of my examination of yourcompany's counts as carried out under secti(n 145 of the Charits'es Act 2011 I'the 2011 A¢l'). In carying out my X8mlnation I have fdloeil the Diwlions g by the Charity Commission under sectit)n 145(5)Ibl of the 2011 ACL Independent exarnlnerfs statement I have completed my examination. I confim that no matters have come to my allentlon in connecllon smth the examination giving me cause lo believe that in any material re5Fect'. accounting r8cords were not kept in of the cnmp8ny as r8quired by section 3 of the 2006 Act.. or 2. the accounts do not accord wth those re¢ord& or 3. the accounts do not comply wlh the 8c¢ounling requirgments of Sed1 396 of th8 2006 Acl ckh8T than any requirement that the accounts gNe a 'lrue and far view, whh is not a maller considergd as part of 8n irkJendent examination,. or 4. the accounts have not been prepared in )rdance with the meth¢yJs and principles of the Statement of Recommended Practice for accounting ar reporting by charities lapFAicable to charities preparing their accounts in accordance wlh the Flnancial Reporting Standard applicable in the UK arKI Republic of Ireland IFRS 10211. I have no con(*rns and have come across no other matters in connection with the examination to which attention should be drawn in this report In Orderto enable a proper understanding ofthe accounts to be reacha. Gernma Thomas FCCA FatI$ LLP Chartered Accountants Windover House Sl Ann Street Salisbury Wiltshire SP12DR Dale-. ZOL
MUSICAL THEATRE SALIS8URY ST ENTO FINANCIAL ACTMTIES DING THE INCONIE AND EXPENDITURE cc FOR HE YEAR ENDED CE 2024 UnreslrKted fund 2023 Total lunds Notes INCOME AND ENDOWMENTS FROM Donations and lega¢ies 39.688 673 Charitable activities Legally Blonde Kinky 80018 The Addams Family 78,271 70,522 24.758 Other Irome 8,621 9.280 Total 143,589 88.224 EXPENDITURE ON Charitable activities General theatre Legally Blonde Kinky Boots The Athlams Family 1.126 58,639 66.989 22.908 Other 8,608 7,997 Total 98.505 67,762 NEf INCOME 45,084 20,462 RECONCILIATION OF FUNDS Total funds brought forward 86,969 46,507 TOTAL FUNDS CARRIED FORWARD 112.053 66,969 cOrINu1NG OPERATIONS All income and expenditure has arisen from continuing activities. The n¢Xes form part ol these finandal stslements
MUSICAL T.HEATRE.SALISBURY 31 DECEMBER 2024 2024 2023 Total funds Unrestricted nd Notes FIXED ASSETS Tangible assets 1.917 CURRENT ASSETS Debtors Cash at bank 10 9,437 718 6 68341 112,123 69,059 CREDITORS Amounts falling due wlhin one year {1,987) (2,090) NET CURRENT ASSETS 110,136 66,989 TOTAL ASSETS LESS CURRENT LIABILITIES 112.053 68,969 NET ASss 112.053 66,969 FUNDS Unrestricted funds 12 112.053 66,969 TOTAL FUNDS 112,053 66,969 The charitable company is enlilled to exempti from audit under Section 4TT of the Companies Act 201 for th8 yoar ended 31 Dembar 2024. The memb8r8 have not r8quired the cornpany lo oaIn an audll of Its financial statements for the year ended 31 Oec8mber 2024 in accordance with Sectlon 476 of the Companles Act 2006. The trustees aCknedge their responsibilities for lal ensurir¥J that the charitable company keeps accounting records that comply Sections 386 and 387 of the Companies Act 2006 and Ibl preparing finarKial statements which give a true and falr view of the stste of affalrs of the charltable mpany as at the end of each linanc*al year and of its surplus or defidl for each ffnancial year in accordan with the requirements ol Sectic$ 394 and 3% and whlch otherwise compty th the quiremenls of the Companies Act 20 relatlng lo finala1 stalemenls, so far as appllcable to the chtable company.
MUSICAL T,HEATRE SA'LISBURY BALANCE SHEET Contlnued 31 DECEMBER 2024 These financial stat8m8nts have been prepared in accordance th the prowsk)ns app1kae to charitable comparlies subject lo the small companies gine. The financial slalements wère apwoved by the Board of Trustees and auth¢Jrised lor issue on 29 Juty 2025 and were si on its behalf by.. MrDFoo Mrs B Potts- rustee The notes form part of these financial stalements 10
MUSICAL THEATRE.SA'LISBURY OTE THE FINANCIAL STATEMENTS OR THE YEAR E DED 31 CE BER 20 ACCOUNTING POLICIES Basis ofpreparing the flnanclal slatemonts The financial statements of the charitable company, which is a publlc benefrt entity under FRS 102, have been prepared In accordance with the Charltles SORP IFRS 1021 'Accounling and Reportlng by Charilles.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordan wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (èffective 1 January 2019),, Flnanclal Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. MTS meets the definition of a public benefit entity under FRS 102. Flnanclal reportlng standard 102- reduced dlsclosure gxemptlons The charitable company ha8 taken advantage of the following disclosure exemptions in preparing these financial slalements. as permitted by FRS 102 'The Financial Reporting standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. Income All income is re¢ognised in the Stalernenl of Financial Activities once the charity has enltilement lo the funds, it is probable that the income wll be received and the amount can be measured reliably. Golng Concern The Trustees have prepared the financial stolements on a going concern basis. which assumes that the charity 11 conllnue to operate for the foreseeoble future. The Trustees have reviewed the charity's financial position and have concluded that the charity has adequate resources to continue In operatlonal existence for the foreseeable future. Therefore, they conlinug to adopt the golng concern basls of ac£ounling in preparing the financial ststements. Expendlture Liabilities are reccgni$ed as expenditure as soon as there is a legal or construclN8 obligation committing the charity lo that expenditure, it Is prob3ble that a transfer of economic benefits will be required in sddement and the amount of the obligation Can be measured reliably. Expenditure 1$ accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be dire¢lly attributed to particular headings they have been allocated to a¢livilies on a basis corbsislent with the use of resources. Charitable activities Costs of charitable aclivili•s are those costs incurred by the charlty in Ihe delivery of Its activities and all support costs. Debtors and creditors recelvable I payable Debtors and creditOTS with no slated interest rate ar recelvable or payable wthln year are recorded al Irarksxb'on price.
.'MUS'ICAL T,HEATRE SALISBURY TEMENTS- FOR THE YEAR ENDE Tanglble fixed assets Depreaation is provid] at the following annual rates in order to write off each asset over 6t5 esllmaled useful life. Banners Music slarKlslkeyboard Heaters Portable wardrobe Scenery trucks, curtain traGks. ropes and pulle Costumes Laminator rnrod Comms 20% on cost 10% on cost 10% on cost 10% on cost 209k on cost 1 OOA on cost 20% on cost 20% on cost Taxation The charity is exernpl from corpcfation tax on its charitable acJvilies Fund accounting Unrestricted funds can be used in accordance wth the charitable objectives at the discretion of the Iruslees. 12
MUSICAL THEATRE SALISBURY TS- In INCOME FROM CHARITABLE ACTivmES 2024 Total actMtie8 2023 Total aciiwties Klnky Boots The Addans Family Admissions Programmes Advertising in programme5 Front of house Show fees Bar and catering Sponsorship Show social 65.874 1,220 275 558 2,595 18.102 83.976 71,874 1.384 350 531 3,038 300 377 2,280 2,953 575 935 4,875 2,953 800 70.522 24.758 95,280 78,271 OTHER INCOME 2024 2023 Subscriptions - Memtser8 Subscriptions - Patrons Gif Aid tax daim Prop8 and other hire income Inet of costs) Other income 5,437 1,055 1,198 4.689 1,205 2.921 893 460 8,621 9,280 CHARITABLE ACTivrriES COSTS Dir* Costs {see note 51 Kinky Boots The Addams Family 66,989 22,908 89,897 13
MUSICAL THEATRE SALISBURY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 21)24 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Kinky Boots The Addarns Family Tolat activities Total acliwiies Cost of programmes Scenery and effecis Props Costumes Royalties and music costs Lighting Sound Backing Twk Musical director Show director and expenses Venue hire Hire of rehearsal rooms Publicity & photography Insurance Miscellaneous Ticket costs Technical support and caiering costs 970 3,360 606 4,853 13,878 3,614 5,688 820 2,225 2, 103 11,484 1,605 1,351 625 593 208 399 4,059 2.655 3.150 1,020 2,014 1.595 1953 814 5.252 17,937 S,269 8,838 1,840 4,239 2.103 15,356 2,545 1,850 571 238 12,153 3,326 978 1,075 2,450 37 1,053 16,077 2,385 5,210 820 2,408 3,912 9.500 1,750 1,536 569 7.406 10,350 3,149 499 285 108 1,463 130 10,690 3,326 978 66,989 22,908 89,897 59,782 SUPPORT COSTS Governance costs Management FinanGe Totals Other resources expended 7,477 1,020 8,608 Support costs, included in the above, are as follows.. 2022 other resources expended 2023 Total livities Storage charges Insurance Committee room hire NODA- Subs and medals Printing, postage and stationery Sundries Bank charges I card aer Independent examinevs fees DeprecHbon 4,704 570 20 531 13 1.160 111 1,020 479 3.565 567 305 1.327 1,072 81 1,080 8.608 7,997 14
MUSICAL THEATRE SALISBURY NOTES TO THE FINANCIAL STATEMENTS- contin FOR THE YEAR ENDED TRUSTEES. REMUNERATION AND BENEFITS There were no Iwslees, remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023. Tvustees. expenses There were no trustees, expenses paid for the year ended 31 December 2024 nor ft)r the year ended 31 December 2023. STAFF COSTS The charity has employment C08ts as the are no employees. All work is undertaken on a vc4unlary basis by members of the society. TANGIBLE FIXED ASSETS Banners Music Slandslkeyboard Healers COST At 1 January 2024 Ènd 31 December 2024 235 1,458 145 DEPRECIATION Al 1 January 2024 and 31 December 2024 235 1,458 145 BOOK VALUE Al 31 December 2024 At 31 December 2023 Portable Wardrobe Scenery trucks, Gurtaln Tracks, ropes and pulleys Costumes Totals COST At 1 January 2024 and 31 De¢ernr 2024 1,353 1.096 200 4,487 DEPRECIATION At 1 January 2024 and 31 December 2024 1,353 1.096 200 4,487 NET BOOK VALUE At 31 December 2024 At 31 December 2023
MUSICAL TIHEATRE SALISBURY FO ECE BER 2024 L8minator Nymrod mms Total COST Addition 504 1,892 2,396 DEPRECIATION At 31 Decernkr 2024 101 378 479 NET BOOK VALUE At 31 December 2024 403 10. DEBTORS: AMOUNTS FALLING DUE WITFUN ONE YEAR other debtors Accnjed Income prepaym18 2.819 4,036 2,582 176 542 9,437 718 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Deferred income Accrued expenses 11 1,976 395 1,695 1,987 2,090
MUSICAL T.HEATRE SALISBURY 12. moVEPdlETr IN FUNDS Nel Movement n funds At 31.12.24 1.1.24 Unmtrlcted Funds General Fund 45,084 112,053 TOTAL FUNDS Net rrKrnet in fiJnd8. irKauded in the atThe are 8s f1.. IncOmj Resources Movement ExK*nded In funds UnrE6tricted Fund8 General Fund 143,588 98.504 45,084 TOTAL FUNDS Comparatlve$ for movement In funds Nel Al Movement 31.12.23 In funds 1.1.23 Unre8trfthd Fund8 General FurKI TOTAL FUNDS CLYnparatNe net nKNement in futvjs, in atw are as fdkJ¥s'. Resources M¢)vement Eynded In funds Unrestrlcted Funds Gera Fund 224 TOTAL FUNDS 13. CONTINGEKf UA81LITIES There were no contingent liabillties at 31 December 2024. 14. RELATED PARTY DISCLOSURES There were no related paty transaCon8 for the year ended 31 December 2024. 17
MUSICAL THEATRE SALISBURY DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDE 2024 2023 INCOME AND ENDOWMENTS Donations and18gacles Donations Charltable actlvities Admissions Programmes Adverts'sing in prwammes Fiont of house Show fees 8ar and catering Spon50rship Show social 83.976 71,874 1,384 350 531 3,038 575 4,875 2.953 800 294 96,280 78,271 Other Incorne Subseriplions - Members Subscriptions - Patrons Grf Aid tax claim Props and other hire income (nel of c£Jstsl Other Income 5.437 1.055 1.198 4.689 1,205 2,921 38 893 8.621 9,280 Total In¢omlng vesourcos 143,589 88,224 EXPENDITURE Charitable activities Cost of programmes Scenery and effects Props Costumes Royalties and muslc costs Lighting Sound Ba¢king Twk Musical dIrtOr Show director and expenses Venue hire Hire of rehearsal rooms Publicity & photography Carried f(Vard 1,595 1,075 2,450 37 1.053 16,077 2,385 5,210 820 2,408 814 5,252 17.937 6.268 8.838 1,840 4,239 2,103 15.396 2,545 1,851 72,631 1.750 1.536 44,301 This page does not form part of the slalutory flnancial statements 18
MUSICAL TPtEATRE LISBURy ED 2024 2023 Charitable activlties Brought forward Insurance Mis¢ell8neous Ticket costs Technical suppNt Bar and catering costs 72,631 571 238 12,153 3,326 978 44.301 569 1,389 10,350 3.149 89,897 59.765 Support costs Management Storage charges Ir*urance Cornmittee r(x)m hire NODA- Subs and medals Printing, posl8ge and stationery Sundries Depreciab'on 4.704 570 20 531 13 1.160 479 3,565 567 305 1,327 1.072 7,477 6.836 Finance Bank charges 111 81 Governance costs Independent examiner's fees 1,020 1,080 Total resouTces expended 98.505 67,762 Net incom{expendltUre) 45,084 20,462 This page does r)ol form part of the slalutory financial statements 19