Company registration number.. 1882407 Charity re8lStration number.. 291977 Ilminster Entertainments Society Limited IA company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 july 2025 Ilmlnster Entertainments Society Limited Content5 Legal and Administrative Information Trustees, Report Statement of Trustees, Responsibilities Independent Examiner's Report Income & Expenditure Account Balance Sheet Directors Statements Notes to the Financial Statements Ilrninster Entertainments Society Limited Legal and Adrninlstratlve Information Director5 who served during the year 01.08.2024 to 31.07.2025 Rodney Barge Lucy Bunyan Giuseppina de Novellis Lucy Driver Vern Dunkley Kri5sie Isaac Brian Perkins Malcolm Young Catherine Grice (elected 14 October 20241 Rachel Lawrence (elected 14 October 20241 Claire Curtis (resigned 29 June 20251 David Goodall IresiEned 14 October 20241 Reglstered Office and Operational Address The Warehouse Theatre Brewery Lane Ilminster Somerset TA19 9AD Company Registration Number 1882407 Charlty Reglstratlon Number 291977 Independent Examiner Mitchams Chartered Accountants I Cornhill Ilminster Somerset TA19 OAD Ilminster Entertainments Society Limited Trustees, Report November 2025 Governing Documents and Management Originally incorporated as a limited company on the 4th February 1985 in accordance with the Memorandum and Articles of Association dated 14th January 1985 and most recently amended 16th January 2013,. there is provision for up to twelve Trustees appointed by the Membership to serve as a Management Committee. The Trustees appoint Volunteer Managers to organise the various Society and Theatre activities. The Theatre Housekeeper and the Youth Theatre Leader are self-employed and invoice the Society for their services. Finding enough active volunteers within the Membership for the many and varied roles required to run the theatre successfully continues, on occasions, to present a challenge. Achievements and Objective5 We have had an extremely busy year at the theatre. As well as our own productions there has been a busy schedule of visiting shows, community events and theatre hire5. The renovation work on The Warehouse Theatre Bakery Studio is nearly finished and we expect to complete this and to start using the building for rehearsals, Youth Theatre and the new wardrobe in the early part of 2027. Thank you to everyone who has helped to keep this project moving and thanks once again to Malcolm Young for project managing. General maintenance has been ongoing with work to update our fire safety system plus further foyer roof repairs. Alongside arranging regular gutter and drain cleaning, this appears to have finally fixed the leaking roof issue. During the year we were lucky enough to win the community event from 8&Q which gave us four extra pairs of hands and £IOOO to spend on work in the new wardrobe and freshening up the coffee bar. New lighting has been installed in the bar area (sponsored by our generou5 members). Our thank5 to our regular Wednesday team and everyone else who has helped. Since the year end, we have spent funds on updating our theatre lighting to new LED lights which will give u5 much more versatility as we11 as being much more efficient to run. In the next year, we will 31so be looking to renovate the old wardrobe area to create more dressing room space and to complete our Front of House refresh. On the stage, we have had a successful year with our own productions with nominations and awards in all three competitions we entered. In Somerset-wide competitions, Snow White ond the Seven People of Vorying Heights received 12 nomlnatlons and won 4 awards at the Cinderella Awards while Notes on a Smolllsland and Abigail'5 Porty brought in a haul of nominations in the Pheobe Rees Awards and won Best Director for Notes on o Smoll Island. Our one act play, My Best Friend, was successful at both the Somerset Drama Festival and at the 2025 Western Area Final of the All-England Theatre Festival, where it was awarded the title of overall winners and Best Director and went on to participate in the All-England Final. In addition, Catherine Grice received the Pat Hudson Trophy for services to Youth Theatre by The Somerset Fellowship of Drama. The foyer now includes a trophy cabinet to house many of these prizesl Our Youth Theatre continues to meet weekly during term time and offers opportunities for approximately 70 children aged 7-18. The theatre has been recognised as a Trinity College Arts Award Champion Centre for the second year running and, this year, we have also assisted the Duke of Edinburgh Award with a dozen youngsters using the theatre either as part of their skills section or as part of their volunteer section. We would like to extend a huge vote of thanks to all the volunteer5 who help run this theatre. So many people put in a huge effort to keeping this theatre alive and we are deeply grateful to everyone of them. The theatre would not exist without them. Lucy Driver Chair of Trustees Ilmin5ter Entertainments Society Limited Statement of Trustee's Responsibilitles The trustees (who are also the directors of Ilminster Entertainments Society Limited for the purposes of company lawl are responsible for preparing the tru5tees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently- observe the methods and principles in the Charities SORP,. make judgements and estimate5 that are reasonable and prudent,. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable comp3ny's transactions and disclose with reasonable atcuracy at any time the financial position of the charitable company and enoble them to ensure that the financial statements comply with the Companies Act 2006. They are 3150 responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees of the charity on lo | I ,)Is and signed on its behalf by.. Lucy Driver Chair of Trustees Ilminster Entertainments Society Llmlted Independent Examinerfs Report to the trustee5 of Ilmlnster Entertalnments Society I report on the accounts of the charity for the year ended 31 July 2025 which are set out on pages 6 to 7. Respertive responsibS1ities of tTU5tees and e)taminer The trustees (who are also the directors of the company for the purposes of company lawl are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to.. examine the aetounts under section 145 of the 2011 Act,. to follow the procedures laid down in the general Directions given by the Charity Commission under section 14515llbl of the 2011 Att,. and to state whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those 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 undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination. no matter has come to my attention: 111 which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 386 of the Companies Act 2006,. and to prepare accounts which accord with the accounting records. comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met; or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr Andrew Welch Mitchams Chartered Accountants I Cornhill Ilminster Somerset TA19 OAD 20th November 2025 Ilmlnster Entertainment5 Society Limited Income and Expendlture Account For the year ended 31st July 2025 2024 25 2023 RECEIPTS.. IES Productions Visiting Productions Theatre Hire Discounts Given Youth Theatre Front of House Bar Income Merchandise Sales and Other 5ncome Members Subscriptions Donations and Fundraising Grants Old Bakery Project Income Gift Aid Profit on Sale of Asset Investment Income 35706 11868 11179 32305 14970 11936 -735 9236 7157 15944 451 2768 4322 20000 13111 5739 20851 1228 2478 9452 186 1828 2198 113626 120552 PAYMENTS IES Productions Vislting Productions Youth Theatre Front of House Bar Expenditure Stock on Hand at Beginning of Year Stock on Hand at Year End Merchandise Costs Publicity Stage arsd Lighting 100 Club Expenditure Office Costs Housekeeping 15473 5982 5202 2451 10835 3323 -3324 653 2235 8228 7474 4755 3179 10705 995 -3323 318 1795. 651 520 2240 3043 8513 3296 1654 3388 773 2566 3847 8104 4489 2024 13266 346 506 3336 103 3485 Insurance Licence5 Maintenance Professional Services Volunteer Training Bank Charges Miscellaneous Depreciation 3320 2350 84902 63874 SURPLUS RECEIPTS OVER PAYMENTS FOR YEAR 28724 56678 Ilminster Entertainments Soclety Llmlted Balance Sheet as at 31st July 2025 2024 2023 24 FIXED ASSETS Land & Buildings 114220 114220 Old Bakery Costs Additional costs in year 242914 16301 192329 50585 259215 242914 Furniture Fittings and Equipment Cost Additions in Year 107141 13699 120840 103984 3157 107141 83639 2350 Depreciation brought forward Depreciation charge for year 85989 3485 89474 31366 21152 404801 378286 CURRENT ASSETS Stock on Hand 3324 3323 Debtors 4046 3599 Bank B31ance5 Lloyds CCLA Petty Cash 26695 60061 664 26419 58232 300 87420 84951 TOTAL ASSETS 499591 470159 CURRENT LIABILTIES Creditors Trade Creditors Accrua15 Deferred Incorne 2122 822 1287 -663 1499 2687 4231 3523 NET ASSETS 495360 466636 Represented by= General funds brought forward Add Surplus of income over expenditure 466636 28724 409958 56678 495360 466636 Ilminster Entertainments Society Limited Dlrectors Statements required by Section 475 for the year ended 31st July 2025 In approving these financial Statements as directors of the company we hereby confirm.. al that for the year stated above the company was entitled to the exemption from audit under Settion 477 of the Companies Act 2006,. bl that no notice has been deposited at the registered office of the company pursuant to Section 476 requesting that an audit be conducted for the year ended 31st July 2025. cl that we acknowledge our responsibilities for.. 11 ensuring that the company keeps accounting records which comply with Section 386; and 21 preparing financial statements which give a true and fair view of the state of the company at the end of the financial year and of its profit or loss for the year that ended in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the provisions of the Companies Act relating to financial statement, so far as applicable to the company. These financial statements h3ve been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 and the Financial reporting Standard for Smaller Entities (effective April 20081 relating to small companies. Lucy Driver Director Lucy Bunyan Director Ilminster Entertainments Soclety Limited Notes to the Financial Statement for the Year ending 31st July 2025 I Charity status The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation. 2 Accounting pollcies Summary of significant accounting policie5 and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statement5 have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their aCCo￿ntS in accordance with the Financi31 Reporting Standard applicable in the U K and Republic of Ireland IFRS 1021 leffective l January 20151 Icharities SORP IFRS 1021, the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFR51021 and the Companies Act 2006. Basis of preparatlon The Ilminster Entertainments society Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transattion value unless otherwise stated in the relevant accounting policy note5. Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue a5 a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow Statement in these financial statements. Asset class Furniture and equipment Depreciation method and rate 10% reducing balance Stock Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is deterrnined using the first-in, first-out IFIFOI. 3 The Trustees believe that the furniture, fittings and equipment 3re worth more than the balance sheet states following a review in the year. 4 The Society follows a policy of maintaining not less than 3 £25,000 reserve in cash in hand and bank, following appropriate risk assessment. 5 No Member of the Management Committee received any remuneration during the year.