**Charity Number 279361** ## **CHELMSFORD THEATRE WORKSHOP** **UNAUDITED** ## **TRUSTEES REPORT AND FINANCIAL STATEMENT** **FOR THE YEAR ENDED 31[st] MARCH 2024** **CHELMSFORD THEATRE WORKSHOP** **31[st] MARCH 2024 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 2024** 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. During the financial year (2023-24), the group undertook a total of eight productions. Furthermore, there were also two successful members evenings held during the year. Throughout the year, there were a number of small amounts expended on maintenance and repairs but it is not necessary to detail them here. ## **Financial review** The charity is in a fairly strong financial position holding unrestricted funds of £148,748 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 2024** ## Trustees Mr. V R Bence Treasurer Mr. D Segeth Theatre Manager Mr. M Preston Secretary Ms. R Skingley Artistic Director Ms. L. Heather Social Media Ms. L Gladwin Publicity Manager Mr. P Wright Technical Director Ms. L Hill Membership Secretary Mr. M Sutton Member without portfolio This report was approved by the Trustees on and signed on their behalf by V R Bence (Theatre Treasurer) ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** **Report to the trustees/** Charity Name Chelmsford Theatre **members of** Workshop **On accounts for the** 31[st] March 2024 **Charity no** 279361 **(if any) year** remember to include the page numbers of additional ( sheets) **ended** ## **Set out on pages** I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/03/2022. ## **Responsibilities and basis of report** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. * _Please delete the words in the brackets if they do not apply._ **----- Start of picture text -----**
Date:
Signed:
Name:
Karen Roddam 5 [th] March 2025
Relevant professional CIMA
qualification(s) or body (if
any):
IER 1 Oct 2018
Address: 2 Cornhouse Buildings
Claydons Lane,
SS6 7UP
Section B Disclosure
**----- End of picture text -----**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). |**Give here brief details of**
**any items that the**
**examiner wishes to**
**disclose**.|I am unable to verify the fixed asset value, this appears to be overstated by
approx. £2000. This relates to a decreasing cumulative depreciation value,
without any noticeable sale of asset.
There is no supporting evidence to verify the petty cash amount of £1784.37.|| |---|---|---| **IER** 2 **Oct 2018** ## **STATEMENT OF FINANCIAL ACTIVITIES** **FOR THE YEAR ENDED 31st MARCH 2024** ||31.3.24|31.3.23| |---|---|---| |Notes£||£| |Incoming resources (all unrestricted funds)||| |Donatons and grants|168|12| |Membership subscriptons|1,967|1,199| |Tax Gif aid|0|0| |Productons|33,378|31,908| |Catering|10,706|11,153| |Miscellaneous|2,326|3,215| |Bank interest|130|38| ||---------|---------| |Total incoming resources|48,675
|47,525
| |Resources expended (all unrestricted funds)||| |Donatons|147|0| |Newsleter|0|0| |Productons|11,589|19,708| |Catering|5,884|6,206| |Old Court Theatre – running expenses**4**|25,146|23,446| |Administraton|1,974|2,291| ||----------|----------| |Total resources expended|44,740
|51,651| |Net (outgoing) incoming resources|3935|(4,126)| |The notes on pages 7 to 9 form part of these fnancial statements.||| |Page 6||| ## **CHELMSFORD THEATRE WORKSHOP** ## **BALANCE SHEET 31st MARCH 2024** |31.3.24
Notes £ £
FIXED ASSETS
Tangible assets**6**75,342
CURRENT ASSETS
Stock 1,199
Prepayments 1,894
Cash in bank and in hand73,279

76,372
CREDITORS : amounts falling due
Within one year**7** 2,968

NET CURRENT ASSETS 73,404
----------
TOTAL ASSETS LESS CURRENT
LIABILITIES148,748

TOTAL FUNDS – unrestricted148,748

The fnancial statements were approved by the Trustees on
and signed on their behalf by V R Bence (Theatre Treasurer)|31.3.23
£ £
73,064
661
1,572
67,672
69,905
600
69,305
----------
142,370
142,370|31.3.23
£ £
73,064
661
1,572
67,672
69,905
600
69,305
----------
142,370
142,370| |---|---|---| |||
142,370| The notes on pages 7 to 9 form part of these financial statements. Page 7 ## **CHELMSFORD THEATRE WORKSHOP** ## **NOTES TO THE FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31st MARCH 2024** ## **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 8 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** |31.3.24|31.3.23| |---|---| |£|£| |Repairs and maintenance 3,861|7,272| |Equipment 1,091|542| |Rates 1,155|1,355| |Utlites 9,503|5,082| |Refuse Disposal 1,981|1,780| |Insurance 1,705|1,644| |Theatre Licence 201|180| |PRS 129|110| |Subscriptons 224|190| |Cleaning Services 1,485|1,597| |Miscellaneous 2,387|1,249| |Depreciaton1,425
|2,443
| |25,147|23,444| 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 2023 71,106 45,174
Additons 0 2,381
Writen Of _____0_ _____0_

At 31stMarch 202471,106
47,555
|Total
£
116,280
0
____0_
118,661| |---|---| |Depreciaton
At 1stApril 2023
Charge for year
At 31stMarch 2024
Net book value
As at 31stMarch 2024
As at 31stMarch 2023|0
0

0
71,106

71,106
|40,146
1,425

41,571

4,237

1,958
|40,146
1,425

41,571
75,343
73,064| |---|---|---|---| |||
|| 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** 31.3.24 31.3.23 £ £ Accruals and deferred income 2,968 600 Page 10