## St Albans Musical Theatre Company 


## **ANNUAL REPORT 2022/2023** 

## President: Clive Webb 

**Members of the Executive Committee 1 July 2022 – 30 June 2023** Chair: Joyce Smith Deputy Chair: Claire Stanley Secretary: Aditi Sawjani Deputy Secretary: Sarah Dunning Treasurer: Howard Salinger Deputy Treasurer: Danielle Agar Membership Secretary: Henrietta Richmond until 7 February 2023, Justin Jeffreys thereafter Executive Members: Elise Betts Hannah Farrer Ruaridh MacPhee Justin Jeffreys until 7 February 2023, thereafter Membership Secretary Brett Tyrrell until 7 February 2023 Cate Brooks from 7 February 2023 Vic O'Callaghan from 7 February 2023 Dom O'Hanlon from 7 February 2023 

## **Principal Office and Constitution and Governing Document** 

The Company has no office. The address of the Secretary is 9 Pipers Green Lane, Edgware HA8 8DG. The Company is governed by a set of rules, the most recent edition of which were adopted by the membership at the 2018 Annual General Meeting ( **AGM** ) (as amended at the 2020 AGM) along with a separate constitution, also adopted by the membership at the 2018 AGM (as amended at the 2022 AGM). The rules do not contain any powers of investment. 

Members of the Executive Committee are elected annually at the AGM by the Voting Members (as defined in the Company’s rules) and are eligible for re-election in subsequent years.  If re-elected, members of the Executive Committee will normally serve for a maximum of five years in the same position but may serve for longer at the discretion of the Executive Committee. If the positions on the Executive Committee are not filled at the Annual General Meeting, or when a vacancy occurs during the year, the Executive Committee may fill such vacancies by invitation.  The Executive Committee may also co-opt members as required to serve in an advisory capacity. 

Affiliated to the National Operatic and Dramatic Association The Eastern Arts Association Registered Charity No: 295795 



The Executive Committee meet once a month as well as any additional times, as necessary. Since March 2020, the Executive Committee have been meeting virtually via video conferencing facility. Having realised the benefits this has given the Executive Committee in terms of flexibility, inclusivity and creating a more eco-friendly way of meeting, the Executive Committee have continued to adopt this way of meeting, with occasional in person meetings where required. 

The following ongoing roles have been allocated to Company members by the Executive Committee: DEI representative: Dom O'Hanlon Marketing and Publicity: Elise Betts, Justin Jeffreys Social Media: Elise Betts Schools Coordinator: Hannah Farrer Workshops Coordinator: Hannah Farrer Storage: Aditi Sawjani, Natasha Baker and Joyce Smith Front of House: Henrietta Richmond 

The Executive Committee thank the above members for their continued service. 

Wardrobe Coordinator - the Company appoints a wardrobe coordinator on a show-by-show basis. 

Ticket Secretary – for our recent productions at the Roman Open Air Theatre, Abbey Theatre and the Alban Arena, we have sold tickets via the respective venue (on a commission basis). This has seen greater flexibility in making bookings, has meant that the Company has not had to block off sections of seating for “internal” sales and overall has reduced the administrative burden of selling tickets ourselves. We therefore have not had any recent requirements for a ticket secretary unless any member should wish to volunteer for this role for a future production. 

Social Secretary – Capacity within the Committee has been limited over the last 12 months and although larger social events have not been possible, the Committee hosted a number of smaller audition skills workshops which were well attended. The Committee wishes to thank Hannah Farrer for her work on these events.  At the 2024 AGM the Committee intends to appoint a specific social secretary. 

A production team is appointed by the Executive Committee for each show consisting of the Director, Musical Director, Choreographer, Production Manager, Cast Manager and Stage Manager. The production team are responsible for the operational and administrative arrangements for that particular show and are required to report back to the Executive Committee regularly. For larger scale shows (such as Shrek) we have seen value in paying for a professional stage manager, particularly where set is large and there are health and safely elements to be considered. 

Affiliated to the National Operatic and Dramatic Association The Eastern Arts Association Registered Charity No: 295795 



## **Principal Advisors** 

Bank: CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ Independent Examiner: Matthew Gregory (on a temporary basis for the 2022/2023 accounts) of 180 London Road, St Albans. 

## **Objects and methods of achieving them** 

The Company’s objects are primarily to educate the public in the operatic, dramatic and musical arts and to further the development of public appreciation and taste in these arts. Aside from the period March 2020 to June 2022, the Company puts on two high standard shows each year at the Alban Arena. The Executive Committee work to ensure that a wide variety of shows are offered to ensure that as many members as possible are able to involve themselves in a show, both on and off stage. The Company also runs a small cabaret group open to all members.. 

The Executive Committee are considering appropriate show choices as well as appropriate venues on a 12-18 month advance basis. 

## **Membership:** 

At 30 June 2023, the membership numbers were: 

|Honorary Life Members:|14|
|---|---|
|Performing Members (adult):|77|
|Performing Members (student age 16-21):|2|
|Performing Members (Junior age 5-15):|26|
|Non-Performing Members:|13|
|One Show Members:|0|



## **Nancy Booth Award** 

The annual award in memory of our late president Nancy Booth is presented annually to the member of the Company who, in the opinion of the Executive Committee, has contributed the most to the Company for that year. 

The Executive Committee were pleased to award the 2022/2023 Nancy Booth award to Rosemary O'Toole and Patricia Bunce jointly for their continued  and consistent assistance in the wardrobe team on a huge number of SAMTC shows. Their commitment to SAMTC over the years has been unwavering and the Company are truly grateful for their continued dedication to SAMTC. 

Affiliated to the National Operatic and Dramatic Association The Eastern Arts Association Registered Charity No: 295795 



## **Reserves Policy** 

The Executive Committee have worked hard to ensure that the shows are well attended by audiences and aim to select shows at optimum points in the year to ensure the Company is at the forefront to obtain licences for any new shows available on amateur licence. 

The Executive Committee are striving to strike a balance between securing shows which are likely to achieve good ticket sales, whilst being aware of making financial commitments too far in advance. The Executive Committee always consider how much money the Company has at the bank before making any further financial commitments. 

The previous reserves policy aimed to have the cost of two shows in the bank but given that this has not been achieved for several years, the Committee have re assessed this. The Committee has settled on a reserves policy of £50,000 in the bank which represents a more realistic policy in the current economic climate. 

## **Fundraising and activities** 

The Committee has not undertaking any specific fundraising this financial year as both Shrek and School of Rock made a healthy profit. 

Going forwards, the Committee plans to reintroduce social events which shall also act as fundraisers. 

The introduction of the card machine has enabled us to sell more programmes and, more recently, front of house merchandise which has generated further income as well as collecting audition fees, show fees and membership fees. 

The patron scheme remains open to anyone who wishes to join. 

## **Major risks** 

The Executive Committee have reviewed the major risks to which the Company is exposed and is satisfied that systems are in operation to minimise any major risks so far as is reasonably possible. The Company also has comprehensive public liability insurance in place. 

## **Charitable donations** 

The Company has not made any charitable donations this year. 

## **Annual Accounts** 

The accounts for the year ended 30 June 2023 were approved by the Executive Committee on 19 January 2024 and form a separate section of this Annual Report. The accounts are 

Affiliated to the National Operatic and Dramatic Association The Eastern Arts Association Registered Charity No: 295795 



drawn up in accordance with the Company’s Rules and Constitution and have been examined by an Independent Examiner whose reports, together with the Treasurer’s report is included within the AGM Pack. 

Approved by the Executive Committee on 19 January 2024. 



Joyce Smith (Chair) 

Aditi Sawjani (Secretary) 

Affiliated to the National Operatic and Dramatic Association The Eastern Arts Association Registered Charity No: 295795 



## **St. Albans Musical Theatre Company** 

**Accounts and Treasurer’s report For the year ended 30 June 2023** 

Charity Registration Number 

295795 



## **St. Albans Musical Theatre Company** 

## **Accounts and Treasurer’s** 

**For the year ended 30 June 2023** 

**Contents** 

## **Reports** 

|**Reports**||
|---|---|
|Treasurer’s report|2|
|Independent examiner’s report|3|
|**Accounts**||
|Statement of financial activities|4|
|Balance sheet|5|
|Notes to the accounts|6|



1 



## **St. Albans Musical Theatre Company** 

## **Treasurer’s report for the year ended 30 June 2023** 

With COVID-related restrictions lifted St Albans Musical Theatre Company (“SAMTC” / “the Charity”) was able to stage two full-scale musical productions very successfully at the Alban Arena during the year which received great feedback from both audiences and performing members. 

These productions both brought in significant audiences, being the key driver to the increase in income from charitable activities to £127,165 (2022: £52,247). This increase was also impacted by an increase in membership and show fees with a significant increase in the number of active members performing with us during the year. It was especially pleasing to welcome several new members to SAMTC for the first time, in particular the young members who were part of the School of Rock production. This show boasted two highly talented young casts across the performance period, and we hope they will join us again for future productions. During the year we also saw an increase in other trading activities income to £4,019 (£850), largely due to successful show merchandise and programme sales. 

As a result of the increase in ticket sales this also resulted in a substantial increase to production costs to £111,484 (£53,425), with increases in variable costs such as royalties and the venue hire costs associated with larger venues than those used in the previous year. We also incurred other costs of £2,636 (2022: nil) linked to the merchandise and programme sales which were not incurred in the prior year. Overall, this resulted in a net income for the year of £18,090 (2022: £1,798). 

As at 30 June 2023 the society had total unrestricted funds of £61,681 (2022: £43,591) and a very healthy cash position of £56,465 (2022: £31,679). The Trustees do not envisage any changes to the core activities of the Charity in the coming year but continue to look to put on a diverse mix of shows which are attractive across our membership demographic, to reach diversified audiences and to encourage further new members to join SAMTC. Our strong cash position gives us the flexibility to allow us to do this. 

During the year the Trustees have also taken the opportunity to do a critical assessment of the accounts to make sure that they align with best practice for a charity of this size. This has resulted in certain adjustments being made to the comparative year. The overall impact of these adjustments is not material to net income recognised in the statement of financial activities in the prior year. It has however resulted in a small number of changes being made, primarily in respect of grossing up income and expenditure, where gross items of income and expense were previously settled on a net basis with venues, and to defer certain items that are paid in one period but relate to another. These adjustments have no material impact on the balance sheet as 1 July 2021, which has therefore not been presented. Details of these adjustment can be found in note 1.4 to the accounts. 


Howard Salinger Treasurer 18 January 2024 

2 



## **St. Albans Musical Theatre Company** 

## **Independent examiner’s report for the year ended 30 June 2023** 

## **Independent examiner’s report to the Trustees of St. Albans Musical Theatre Company** 

I report to the Trustees on my examination of the accounts of St. Albans Musical Theatre Company (“the Charity”) for the year ended 30 June 2023 as set out on pages 4 to 11. 

## **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 Charity’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 which gives me cause to believe that in any material respect: 

- 1) the accounting records were not kept in accordance with section 130 of the Charities Act; or 

- 2) the accounts did not accord with the accounting records; or 

- 3) 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. 

Adrian Marsh FCT, FCCA The Frog Pit Sarratt Lane Loudwater Herts WD3 4AS 22 January 2024 

3 



## **St. Albans Musical Theatre Company** 

## **Statement of financial activities** for the year ended 30 June 2023 

|||Unrestricted funds|Unrestricted funds|
|---|---|---|---|
|||**2023**|2022|
||||Restated*|
|||**Total**|Total|
||Notes|**funds**|funds|
|||**£**|£|
|**Income from:**||||
|Donations|2|2,534|4,531|
|Charitable activities|3|127,165|52,247|
|Other trading activities|4|4,019|850|
|Investments||431|21|
|**Total income**||**134,149**|**57,649**|
|**Expenditure on:**||||
|Raising funds|5|-|-|
|Charitable activities|6|116,059|55,851|
|**Total expenditure**||**116,059**|**55,851**|
|**Net income and net movement in funds**||**18,090**|**1,798**|
|**Total funds brought forward**||**43,591**|**41,793**|
|**Total funds carried forward**||**61,681**|**43,591**|



All the Charity’s activities were derived from continuing operations for both years presented. *Details of restatements made to the comparative year are found in note 1.4 to the accounts. 

4 



## **St. Albans Musical Theatre Company** 

## **Balance sheet** as at 30 June 2023 

|||**2023**|2022|
|---|---|---|---|
||Notes||Restated*|
|||**£**|£|
|**Current assets**||||
|Debtors|7|6,727|42,324|
|Cash at bank and in hand||56,465|31,679|
|**Total current assets**||**63,192**|**74,003**|
|**Liabilities**||||
|Creditors: amounts falling due||||
|within one year|8|(1,511)|(30,412)|
|**Total net assets**||**61,681**|**43,591**|
|**The funds of the Charity:**||||
|Unrestricted funds||61,681|43,591|
|**Total funds**||**61,681**|**43,591**|



All assets and liabilities relate to unrestricted income funds. *Details of restatements made to the comparative year are found in note 1.4 to the accounts. 

Approved by the Trustees and signed on their behalf by Howard Salinger 


## Trustee 

Approved on 18 January 2024 

5 



## **St. Albans Musical Theatre Company** 

## **Notes to the accounts** 30 June 2023 

## **Notes to the accounts** 

## **1.1 Basis of accounting** 

The accounts have been prepared for the year ended 30 June 2023 under the historical cost convention with items recognised at cost or their initial transaction value unless otherwise stated in the relevant notes to these accounts and 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 (FRS 102) issued on 16 July 2014 (Charities SORP FRS 102), and with the Charities Act 2011. 

The Charity constitutes a public benefit entity as defined by FRS 102. The accounts are presented in pounds sterling and are rounded to the neared pound. All the incoming resources for the year are included in the statement of financial activities gross. There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. 

## **1.2 Going concern** 

The Charity meets its day-to-day working capital requirements through its existing bank facilities. The Trustees consider that the going concern assumption is appropriate for the preparation of the accounts based on forecasts made in respect of a period of one year from the date of their approval. There are no events or conditions that cast significant doubt on the Charity's capacity to continue as a going concern. 

## **1.3 Critical accounting estimates and areas of judgements** 

The preparation of the accounts requires the use of certain critical accounting estimates. It also requires the Trustees to exercise their judgement in the process of applying the Charity’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the accounts, are summarised below: 

- Gift aid receivables are recognised once a valid declaration has been made by a donor before a formal gift aid claim is made. 

- Except for membership fees which are allocated to the subscription period to which they relate, other production income and costs are recognised in the year in which the associated production takes place. Given the historical timing of productions, each production duration primarily aligns with a single financial year. Should the timing of productions change this judgement will continue to be evaluated. 

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no other material accounting judgements or estimates applied in the preparation of these accounts. There is no material difference to accounting estimates which have been applied to the comparative year presented. 

## **1.4 Prior period restatement** 

During the current year certain amendments have been made to the accounts in respect of the comparative year to make sure they are presented on a fully consistent basis with the current year. The overall impact of these adjustments is not material to net income recognised in the statement of financial activities and has no material impact on the balance sheet at 1 July 2021, which has therefore not been presented. The adjustments made and their associated impacts have been summarised below: 

- A £19,686 gross up in relation to production income and productions costs to recognise the gross ticket sales revenue and venue expenses which were received net in cash and was previously accounted for on a net basis. This also resulted in an increase to accrued income and accruals of £16,116 as at 30 June 2022. The revised presentation is considered to be more appropriate and transparent for the users of these accounts. 

6 



## **St. Albans Musical Theatre Company** 

## **Notes to the accounts** 30 June 2023 

- The removal of £1,445 of membership subscription income from charitable activities as these amounts related to membership fees for future periods. This also resulted in an increase to deferred income of £1,445. 

- The recognition of £1,800 of additional gift aid receivables in donations and debtors where a valid declaration had been made by a donor but where no gift aid claim had yet been made. Gift aid income has also been moved from charitable activities to donations in the statement of financial activities in line with the recommendations of the FRS 102 SORP. 

- The reclassification of £400 of concert group revenue and £440 of concert group costs which should have been included in charitable activities in the prior year as opposed to Income from other trading activities and expenditure on raising funds respectively. 

- The reclassification of £850 of other income associated with advertising, sponsorship and the sale of props which should have been included in other trading income in the prior year rather than Income from charitable activities. 

- The majority of the other creditors balance was reclassified to accruals to better represent the nature of the liabilities, with the exception of £150 which was reclassified from deferred income to other creditors in relation to deposits received from members that are expected to be reimbursed. 

## **1.5 Income** 

Income is recognised in the statement of financial activities when the Charity is entitled to resources, the amount can be measured reliably, and it is more likely than not that the income will be received. 

Income from charitable activities comprises income from productions, concerts, workshops and membership and patron subscriptions. 

Income from productions primarily comprises income from ticket sales, show fees and production-specific donations and is recognised in the period during which the performance of the production occurs or to which the amount received relates. 

Membership subscriptions are recognised in the period to which they relate. 

Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably. Any grants or donations that provide core funding or are of a general nature are recognised in donations in the statement of financial activities. Any grants or donations specifically for the provision of services as part of charitable activities or services to beneficiaries are recognised in charitable activities in the statement of financial activities. The Charity has not received any grants in the reporting period. 

Gift aid recoverable on donations and membership subscriptions is recognised within donations in the statement of financial activities at the point at which the associated donation is recognised and a valid declaration has been made by a donor. During the year £1,887 was recognised in respect of claims made, and amounts received, relating to previous periods. 

Other trading activity consists of other income generated from activities associated with charitable activities including advertising and sponsorship income, the sale of merchandise, programmes, and theatre props and costumes no longer required. This income is recognised at the time the sale is made and is reinvested for charitable purposes. 

Interest receivable is recognised during the period in which the interest was earned. 

## **1.6 Expenditure** 

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Expenditure is included in the statement of financial activities when incurred and includes all irrecoverable VAT. 

Expenditure comprises the following: 

7 



## **St. Albans Musical Theatre Company** 

## **Notes to the accounts** 30 June 2023 

- Expenditure on raising funds includes all costs directly associated with fundraising events. 

- Expenditure on charitable activities includes all the costs associated with the Charity's charitable activities, which includes all costs directly attributable to productions and all support costs. Production costs include royalty and licence fees, venue hire, technical, creative and rehearsal costs associated with putting on the Charity’s productions and events. None of these were of an unusual nature such that it warrants separate disclosures in the accounts. 

   - Other costs relate to the purchase of merchandise and programmes for resale. Support costs are not allocated between expenditure on raising funds and expenditure on charitable activities on the basis that support costs such as production insurance and subscription fees are primarily incurred in relation to engaging in charitable activities. Such an allocation would not be material to the users of the accounts. 

## **1.7 Taxation** 

St. Albans Musical Theatre Company falls within the various tax exemptions applicable to registered charities. It is therefore not liable to income or capital gains tax on income derived from its charitable activities. 

## **1.8 Cash at bank and in hand** 

Cash at bank and in hand represents cash in hand and accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. 

## **1.9 Financial Instruments** 

The Charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP.  Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. The Charity does not hold any complex financial instruments. 

Debtors (including trade and other debtors, accrued income and gift aid receivables) are measured on initial recognition at the expected settlement amount after deducting any discounts.  Subsequently, they are measured at the cash or other consideration expected to be received, less any provision for nonrecoverability. 

Prepayments are valued at the amount prepaid and do not constitute financial instruments. Prepayments include deposits paid in advance which may be returned at a later date. 

Creditors and accruals are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors are recognised at the value expected to be required in settlement. 

Membership and show fees received in advance are deferred in deferred income and released in the period to which they relate. Deferred income is not a financial instrument. 

## **1.10 Funds and reserves** 

Unrestricted general funds represent those funds which the Trustees may apply towards any charitable purpose that falls within the Charity’s charitable objects. 

## **1.11 Services provided by volunteers** 

In accordance with the Charities SORP FRS102, no value has been placed on services provided by volunteers. 

8 



## **St. Albans Musical Theatre Company** 

## **Notes to the accounts** 30 June 2023 

## **2 Donations** 

|**2**<br>**Donations**|||
|---|---|---|
|Gift aid<br>Donations|**2023**<br>**£**<br>2,500<br>34<br>2,534|2022<br>Restated<br>£|
|||3,987<br>545|
|||4,621|



Gift aid receivables recognised in the year of £2,500 (2022: £2,100) were not yet claimed at the end of the year. 

## **3 Income from charitable activities** 

|Production income<br>Membership subscriptions - Active members<br>Membership subscriptions - Associate members<br>Membership subscriptions - Patrons<br>Concert group event and workshop revenue|**2023**<br>**£**<br>124,119<br>2,145<br>276<br>575<br>50<br>127,165|2022<br>Restated<br>£|
|---|---|---|
|||50,494<br>1,345<br>8<br>-<br>400|
|||52,247|



In the year ended 30 June 2022 production income included production-specific donations totalling £3,420. The significant increase in production income arises from staging two full scale musical productions in 2023, with COVID-related restrictions impacting theatregoers having been lifted. 

## **4 Income from other trading activities** 

|Other income<br>**5**<br>**Expenditure on raising funds**<br>Expenditure on raising funds|**2023**<br>**£**<br>4,019<br>4,019<br>**2023**<br>**£**<br>-<br>-|2022<br>Restated<br>£|
|---|---|---|
|||850|
|||850|
|||2022<br>Restated<br>£|
|||-|
|||-|



9 



## **St. Albans Musical Theatre Company** 

## **Notes to the accounts** 30 June 2023 

## **6 Expenditure on charitable activities** 

|**6**<br>**Expenditure on charitable activities**|||
|---|---|---|
|Production costs<br>Concert group event and workshop costs<br>Support costs<br>Other costs|**2023**<br>**£**<br>111,484<br>-<br>1,939<br>2,636<br>116,059|2022<br>Restated<br>£|
|||53,425<br>440<br>1,986<br>-|
|||55,851|



There were no other costs in the year ended 30 June 2022 as there was no merchandise or programme sales for productions and events taking place in that year. 

## **7 Debtors** 

|Trade and other debtors<br>Gift aid receivable<br>Accrued income<br>Prepayments|**2023**<br>**£**<br>-<br>4,600<br>-<br>2,127<br>6,727|2022<br>Restated<br>£|
|---|---|---|
|||-<br>2,100<br>33,381<br>6,843|
|||42,324|



As at 30 June 2023 £nil (2022: £850) of prepayments related to amounts which are expected to be released or utilised in more than one year. As at 30 June 2023 £4,600 (2022: £2,100) of the gift aid receivable related to amounts where donors have made a valid declaration but where amounts have not yet been claimed. The accrued income balance as at 30 June 2022 reflects the timing of one production being immediately before the year end date and where amounts had therefore not yet been settled. 

## **8 Creditors: amounts falling due within one year** 

|Accruals<br>Deferred Income<br>Other creditors|**2023**<br>**£**<br>781<br>600<br>130<br>1,511|2022<br>Restated<br>£|
|---|---|---|
|||37,837<br>2,425<br>150|
|||30,412|



The accruals balance as at 30 June 2022 reflects the timing of one production being immediately before the year end date and where amounts had therefore not yet been invoiced or settled. 

10 



## **St. Albans Musical Theatre Company** 

## **Notes to the accounts** 30 June 2023 

Deferred income movement: 

|Balance at the start of the year<br>Amounts added in the current period<br>Amounts released to income<br>Balance at the end of the reporting period|**2023**<br>**£**<br>2,425<br>8,891<br>(10,716)<br>600|2022<br>Restated<br>£|
|---|---|---|
|||-<br>7,443<br>(5,018)|
|||2,425|



## **9 Related party transactions** 

Members of the Executive Committee (the Trustees) receive no remuneration for their services as Trustees. Expenses reimbursed to Trustees are to cover expenditure incurred on behalf of the Charity, such as payments in respect of licence applications, stationery, and publicity materials. During the year £200 (2022: £2,000) was paid to Trustees who took on key creative roles as part of show production teams. These amounts were approved by the Trustees and were considered arm’s length transactions. 

11 



## **St. Albans Musical Theatre Company** 

## **Independent examiner’s report for the year ended 30 June 2023** 

## **Independent examiner’s report to the Trustees of St. Albans Musical Theatre Company** 

I report to the Trustees on my examination of the accounts of St. Albans Musical Theatre Company (“the Charity”) for the year ended 30 June 2023 as set out on pages 4 to 11. 

## **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 Charity’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 which gives me cause to believe that in any material respect: 

- 1) the accounting records were not kept in accordance with section 130 of the Charities Act; or 

- 2) the accounts did not accord with the accounting records; or 

- 3) 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. 

Adrian Marsh FCT, FCCA The Frog Pit Sarratt Lane Loudwater Herts WD3 4AS 22 January 2024 

3