## **Report of the Trustees and** **Unaudited Financial Statements For The Year Ended 31 December 2020** for **BRIERLEY HILL MUSICAL THEATRE COMPANY** **Registered Charity No 501045** M. J. Grainger & Co. 196 High Street Quarry Bank Brierley Hill West Midlands DY5 2JP ## **BRIERLEY HILL MUSICAL THEATRE COMPANY** **Registered Charity No 501045** **Contents of the Financial Statements For The Year Ended 31 December 2020** ||Page| |---|---| |Independent Examiner's Report|1| |Statement of Financial Activities|2| |Balance Sheet|3| |Notes to the Financial Statements|4 to 5| |Detailed Statement of Financial Activities|6| **Independent Examiner’s Report to the Tru BRIERLEY HILL MUSICAL THEATRE COMPANY Registered Charity No 501045** We report on the accounts for the year ended 31 December 2020 set out on pages two to six. ## **Respective responsibilities of trustees and examiner** The members are responsible for the preparation of the accounts. The members consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under Section 145 of the 2011 Act. - to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and - to state whether particular matters have come to my attention. ## **Basis of the independent examiner's 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 members 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 members 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: (1) Which gives me reasonable cause to believe that, in any material aspect, the requirements - to keep accounting records in accordance with Section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting Requirements of the 2011 Act have not been met, or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. M. J. Grainger & Co. 196 High Street Quarry Bank Brierley Hill West Midlands DY5 2JP Date: ………………………………………… Page 1 **BRIERLEY HILL MUSICAL THEATRE COMPANY Registered Charity No 501045 Statement of Financial Activities for the Year Ended 31 December 2020** |Notes
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Members subscriptions
Income from productions
Donations
Investment income
Dinner dance
Sundry income
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Cost of Generating Funds
**Governance costs**
**Total resources expended**
**NET INCOMING/ (OUTGOING)**
**RESOURCES BFEORE TRANSFERS**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
2,600
27,965
180
209
0
0| |---|---| ||30,954
32,327
120| ||32,447| ||(1,493)| ||52,208| ||50,715| The notes form part of these financial statements Page 2 ## **BRIERLEY HILL MUSICAL THEATRE COMPANY Registered Charity No 501045** ## **Balance Sheet** ## **As at 31 December 2020** |Notes
**CURRENT ASSET**
Debtors
1
Cash at bank and in hand
**CREDITORS**
**Amounts falling due within one year**
2
**NET CURRENT ASSETS/(LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
3
Unrestricted funds
**TOTAL FUNDS**|Unrestricted
funds
£
3,847
47,068| |---|---| ||50,915
200| ||50,715| ||50,715| ||50,715| ||| The financial statements were approved by the Board of Trustees on …………………………………….. and w behalf by: ………………………………………………………………………… …………………………………… Trustee Trustee The notes form part of these financial statements Page 3 ## **BRIERLEY HILL MUSICAL THEATRE COMPANY Registered Charity No 501045 Notes to the Financial Statements for the Year Ended 31 December 2020** ## **1 ACCOUNTING POLICIES** ## **Accounting convention** **T** he FCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and with the Reg 'true and fair view'' provisions, it is also the first year that they have been prepared under FR as the applicable accounting standards and the 2016 version of the Statement of Recommen Accounting and Reporting by Charities (SORP(FRS102)). ## **ASSETS** Short Term Deposits These are the cash held on deposit at the bank. ## **Incoming Resources** Member subscriptions and income from productions are recognised when received. Interest and all other income are recognised when received. ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings th all cost related to the category. Where costs cannot be directly attributed to particular headi allocated to activities on a basis consistent with the use of resources. ## **Taxation** The Company is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds These represent the remaining income funds of the Company that are available for spending the general purposes of the Company. The notes form part of these financial statements Page 4 ||**BRIERLEY HILL MUSICAL THEATRE COMPANY**|**BRIERLEY HILL MUSICAL THEATRE COMPANY**|**BRIERLEY HILL MUSICAL THEATRE COMPANY**|| |---|---|---|---|---| ||**Registered Charity No 501045**|||| ||**Notes to the Financial Statements**|||| ||**for the Year Ended 31 December**|**2020**||| |**1**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||Debtors|||| |**2**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||| ||Creditors|||| |**3**|**MOVEMENT IN FUNDS**|||| |||||N| |||At|1.1.20|| ||||£|| |**Unrestricted funds**||||| |General fund|||52,208|| |**TOTAL FUNDS**|||52,208|| |Net movement in funds, included in the above are as follows:||||| |||Incoming||| |||Resources||| ||||£|| |**Unrestricted funds**||||| |General fund|||30,954|| |**TOTAL FUNDS**|||30,954|| The notes form part of these financial statements Page 5 ## **BRIERLEY HILL MUSICAL THEATRE COMPANY Registered Charity No 501045** **Detailed Statement of Financial Activities for the Year Ended 31 December 2020** ## **INCOMING RESOURCES** Members subscriptions Income from productions Donations Investment income Dinner dance Sundry income **Total Incoming Resources** ## **RESOURCES EXPENDED** ## **Charitable Activities** Show costs Future rights Room hire Ingrnico credit cards Sheryl Dance Windsor Telecom Dinner dance Scenery prop storage Service charges Merchant rental Insurance Others NODA Chqs Charity donations ## **GOVERNANCE COSTS** Accountancy ## **TOTAL RESOURCES EXPENDED** ## **Net Income / Expenditure** The notes form part of these financial statements Page 6 Istees of |2020
Total
funds
£
2,600
27,965
180
209
0
0
30,954
32,237
120
32,447
(1,493)
52,208
50,715|2019
Total
funds
£
2,343
65,319
400
553
580
500| |---|---| ||69,695
79,537
120| ||79,657| ||(9,962)| ||62,170| ||52,208| |2020
Total
funds
£
3,847
47,068
50,915
200
50,715
50,715
50,715
50,715
50,715|2019
Total
funds
£
6,267
59,348| |---|---| ||65,615
13,407| ||52,208| ||52,208| ||52,208| ||52,208
52,208| were signed on its …………………………………… gulations' RS102 (2016) nded Practice, at aggregate ngs they have been g on |2020
£
3,847
2020
£
200
Net movement
in funds
£
(1,493)
(1,493)
Resources
expended
£
32,447
32,447|2019
£
6,267| |---|---| ||2019
£
13,407| ||At 31.12.20
£
50,715| ||50,715| ||Movement
in funds
£
(1,493)| ||(1,493)| |2020
£
2,600
27,965
180
209
0
0
30,954|2019
£
2,343
65,319
400
553
580
500| |---|---| ||69,695| |Total
2020
£
27,082
1,320
107
540
612
0
0
143
273
1,636
224
390
0
0
32,327
120
32,447
(1,493)|Total
2019
£
69,027
4,300
628
540
583
835
0
0
297
1,493
347
1,487
0
0| |---|---| ||79,537| ||120| ||79,657| ||| ||(9,962)|