**Charity Number 279361** ## **CHELMSFORD THEATRE WORKSHOP** **UNAUDITED** ## **TRUSTEES REPORT AND FINANCIAL STATEMENT** **FOR THE YEAR ENDED 31[st] MARCH 2023** **CHELMSFORD THEATRE WORKSHOP** **31[st] MARCH 2023 CONTENTS** Page **Trustees’ report 1-2 Independent examiner’s report 3-4 Statement of financial activities 5 Balance sheet 6 Notes to the financial statements 7-9** ## **CHELMSFORD THEATRE WORKSHOP** **TRUSTEES’ REPORT** ## **FOR THE YEAR ENDED 31[st] MARCH 2023** Chelmsford Theatre Workshop is a registered charity governed by a constitution approved by the Charities Commission; Registration Number 279361. ## **Objectives and activities** The principal objective of the charity is to advance the education of the public in relation to all aspects of the art of drama and the development of public appreciation of such art. A number of amateur productions and other activities were held at The Old Court Theatre during the year. ## **Achievement and performance** The main way the principal objective was to be met was by the production and presentation of a variety of dramatic works. This is the first full year following the closure of the theatre because of the effects of Covid and did not reopen until the end of August 2021. By the end of this full financial year, the group had staged a total of 8 productions and also 4 social evenings. ## **Financial review** The charity is in a fairly strong financial position holding unrestricted funds of £142,369 at the year end. The trustees consider that a maximum of six months running costs should be held, together with adequate funds to maintain the theatre and future productions. They have under consideration the future development of the organisation and propose to continue with refurbishing parts of the property as soon as funds become available. ## **Structure, governance and management** Chelmsford Theatre Workshop is governed by its constitution dated 15 May 2010. The overall management of the charity is the responsibility of the Trustees who are elected or co-opted under the terms of the constitution. ## **Reference and administrative details** The principal address is The Old Court Theatre, 233 Springfield Road, Chelmsford, Essex CM2 6JT. Page 1 ## **CHELMSFORD THEATRE WORKSHOP** **TRUSTEES’ REPORT (continued)** **FOR THE YEAR ENDED 31[st] MARCH 2023** ## Trustees Mr. V R Bence Treasurer Mr. D Segeth Theatre Manager Mr. M Preston Secretary Mr. J Christie Artistic Director Ms. L. Johnson Social Media Vacant Publicity Manager Mr. P Wright Technical Director Mr. I Holding Sutton Membership Secretary Mr. M Sutton Member without portfolio This report was approved by the Trustees on 27 March 2024 and signed on their behalf by V R Bence (Theatre Treasurer) Page 2 (HARITY (OMMISSION FOR ENGLAND ANO WALES Independent examlner's report on the accounts Section A Independent Examiner's Roport Report to the trusle? mgmbors of Chelmsford Theatre Workshop On accounts for the ye•r ended 31bl Mareh 2023 Charlty no Ilf any) 279361 Sgt out on p•ges I report lo the trustees on my examinatKJn of the armjnts of the atM)ve Charity (Ihe Trust'l lor the yeai ended 3110312022. Responslbllltles and basls of report As the charity's trustees, you are responsible for the preparalion of Ihe a¢¢wnls in acc(xdance with the requirements of the Chafities Act 2011 (Yhe Acr). report in respect of my examination of th8 Trust's accounts carrièd OLrt under sethon 145 of the 2011 Act aTh1 in carying out my examination, I have fdlowed all the ap￿iCable DIrect￿nS given by Ihe Charity ComMiss￿n under sec*on 145(5Xbl of the Act Indopendant xamlnarfs statsmènt I have COMP￿ted my examination. I confinm Ihat rK) malerial matters hav8 eome to my attention in connection with the examination {other than that disclosed below.) which gives me cause to b81ieve that in, any material respecL the accounting records ￿[e not kept in acc￿d￿nCe wrth section 130 of the Char￿.eS Act., or the accounts did not accord with tha acCoUnt￿g records.. or the accounts did not compty with the 8p￿￿c3b￿ requiremenls concerning the form and content of accounts set out in the Ch8riti8S (Accounts and Reports) ReguLations 2008 olher than any requirement that the accounls gNe a Irue and fairf v￿W vthith is not a matter cL)ns￿ered as part of an independent examination. I have no ￿ncernS and have coffle across no other matters in connects'on ith the examination lo which attention should be drawn in this rep)rt in order lo enable a proper understandiTrJ of the accounts to be reached. ' Fyease delete the ￿ordS in the btsckets rfthey do not apply. Dats: 3rd April 2024 Slgned: Name: Karen Roddam Relevant professlonal qu•llficatlon($l or body Ilf •nyl: CIMA IER Oct 2018 Addr•8s: 2 Cornhouse Buildings Claydons Lane, SS6 7UP Section B Dlsclosure Only Gomplcic Il Ihc cxaminci nccds lo hi5lilighi mateiial ma&%crs ol GonGGin {see CC32, Independent examination of charity accounts.. direth'ons and guidarKe for examiner51. Glve here brfef detalls of any Items that the examlnor wlshes to dlsclo80. IER Oct 2018 ## **CHELMSFORD THEATRE WORKSHOP** ## **STATEMENT OF FINANCIAL ACTIVITIES** |**FOR THE YEAR ENDED 31**|**st**
|**MARCH 2023**|| |---|---|---|---| |||31.3.23|31.3.22| |||Notes£|£| |Incoming resources (all unrestricted funds)|||| |Donatons and grants||12|10,681| |Membership subscriptons||1,199|1,364| |Tax Gif aid||0|0| |Productons||31,908|18,989| |Catering||11,153|5,379| |Miscellaneous||3,215|2,397| |Bank interest||38|37| |||---------|---------| |Total incoming resources||47,525
|38,847
| |Resources expended (all unrestricted funds)|||| |Donatons||0|0| |Newsleter||0|0| |Productons||19,708|14,229| |Catering||6,206|3,588| |Old Court Theatre – running expenses**4**||23,446|22,327| |Administraton||2,291|587| |||----------|----------| |Total resources expended||51,651
|40,731| |Net (outgoing) incoming resources||(4,126)|(1,884)| |The notes on pages 7 to 9 form part of these|fnancial statements.||| |Page 5|||| ## **CHELMSFORD THEATRE WORKSHOP** |**BALANCE SHEET**|**BALANCE SHEET**|**BALANCE SHEET**||||| |---|---|---|---|---|---|---| |**31**|**st**
|**MARCH 2023**||||| ||||31.3.23||31.3.22|| |||Notes|£|£|£|£| |FIXED ASSETS||||||| |Tangible assets||**6**||73,064||75,507| |CURRENT ASSETS||||||| |Stock|||661||707|| |Prepayments|||1,572||1,533|| |Cash in bank and in hand|||67,672
||69,382|| ||||69,905||71,622|| |CREDITORS : amounts falling due||||||| |Within one year||**7**|600
||633|| |NET CURRENT ASSETS||||69,305||70,989| |||||----------||----------| |TOTAL ASSETS LESS CURRENT||||||| |LIABILITIES||||142,370
||146,496| |TOTAL FUNDS – unrestricted||||142,370
||146,496| |The fnancial statements were approved by the Trustees on 27|||||March 2024|| |and signed on their behalf by V R Bence (Theatre Treasurer)||||||| The notes on pages 7 to 9 form part of these financial statements. ## **CHELMSFORD THEATRE WORKSHOP** ## **NOTES TO THE FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31st MARCH 2023** ## **1. Basis of accounting** These accounts have been prepared on the basis of historical cost convention with items recognised at cost unless otherwise stated. The accounts have been prepared in accordance with : - The Statement of Recommended Practice : Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014 -- Charities SORP(FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011. ## **2. Accounting policies** **Change of accounting policy -** arose from the introduction of FRS 102 and no material changes arise in respect of the previous financial year. ## **Incoming resources** - Recognition of incoming resources – These are included in the Statement - of Financial Activities (SoFA) when the charity becomes entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability. - Incoming resources with related expenditure – Where incoming resources have related expenditure, the incoming resources and related expenditure - are reported gross in the SoFA. - Grants and donations – Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. - Tax claims on donations and gifts – Incoming resources from tax claims - are included in the SoFA when received. - Volunteer help – The value of any volunteer help received is not included in the accounts but is described in the trustees’ annual report. - Investment income – This is included in the SoFA when received. ## **Expenditure and liabilities** - Liability recognition – Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. - Governance costs – Included in administration relates to the cost of - trustee meetings and the cost of any advice to the trustees on governance or constitutional matters. ## **Assets** - Tangible fixed assets for use by the charity – These are capitalised if they Page 7 can be used for more than one year, and cost at least £250. Depreciation on equipment is calculated on a straight line over a period of either three or five years depending on the expected life of the asset. Buildings are not depreciated as they are maintained at a level that the trustees consider the current market value exceeds original cost. Stock – This is valued at the lower of cost or market value. ## **3. Taxation** The charity is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. ## **4. Old Court Theatre - running costs** |31.3.23|31.3.22| |---|---| |£|£| |Repairs and maintenance 7,272|11,337| |Equipment 542|522| |Rates 1,355|838| |Utlites 5,082|2,131| |Refuse Disposal 1,780|1,122| |Insurance 1,644|1,623| |Theatre Licence 180|180| |PRS 110|49| |Subscriptons 190|268| |Cleaning Services 1,597|879| |Miscellaneous 1,249|848| |Depreciaton2,443
|2,530
| |23,444|22,327| 5. Trustee expenses and fees for examination of the accounts -- there were none for the current or previous year. 6. **Tangible fixed assets** |Freehold land Equipment
and buildings
£ £
Cost
At 1stApril 2022 71,106 42,793
Additons 0 2,381
Writen Of _____0_ _____0_

At 31stMarch 202371,106
45,174
|Total
£
113,899
2,381
____0_
116,280| |---|---| |Depreciaton
At 1stApril 2022
Charge for year
At 31stMarch 2023
Net book value
As at 31stMarch 2023
As at 31stMarch 2022|0
0

0
71,106

71,106
|37,703
2,443

40,146

1,958

4,401
|37,703
2,443

40,146
73,064
75,507| |---|---|---|---| |||
|| All tangible fixed assets are used to fulfil the charity’s objectives. Land and buildings have a higher market value than cost. They have not been professionally valued but have been insured for £729,230. ## **6. Creditors and accruals** 31.3.23 31.3.22 £ £ Accruals and deferred income 600 633 Page 9