TRUSTEES Report
Year ending 31st JULY 2025
Charity number 503479
Website; maghullmtc.co.uk
FOR THE YEAR ENDING 31ST JULY 2025
MAGHULL MUSICAL THEATRE COMPANY
REPORT OF THE TRUSTEES
The Trustees are pleased to present their Annual Report together with the Audited Financial Statements of the charity for the year ending 31[st] July 2025 which are prepared to meet the requirements of the Charity Commission.
CHAIRMAN’S REPORT (Overview)
Good evening everyone, and thank you all for being here tonight. It feels as though this year has flown by, and what a year it has been. We have enjoyed two fantastic productions — My Fair Lady and White Christmas — both of which were a true testament to the hard work, talent, and dedication of our members.
Alongside our shows, we have also had an incredibly busy year of fundraising, creative projects, and welcoming new members into the society. Your support, enthusiasm, and willingness to get stuck in have been genuinely inspiring.
Awards
I had the pleasure of awarding the Anita Davies cup or the Chair’s choice to two very fine actors who showed great determination and commitment to their characters.
June: Colin Dryden (Pickering)
November: Colin Kilbride (Mike, White Christmas)
Very well deserved, and I was also honoured to announce the committees choice award and present the Joe and Davida Bentham Shield to: Chris Rimmer for all his hard work and skills with our finances this past year.
Fundraising
We have run a remarkable number of fundraising events this year, and each one has played a vital part in supporting the society. Thank you to everyone who contributed time, effort, and creativity.
A special thanks goes to:
Alex and Lee Ashall for running the Cockney Quiz Everyone who baked for the My Fair Lady bake sale
Sarah and Eric Fletcher for hosting and my husband Alex Davies for helping to cook at the BBQ
Natalie Olson for organising the Race Night, which raised an amazing £1,000 Kaley Casson and Natalie Olson for our Hot Chocolate sale
Kaley Casson for the Christmas hamper and “Name the Snowman” fundraiser Tom Avaan for making and selling bracelets The Littledale event supporters
John Coates for walking up a mountain in aid of the society Organising and raffling the Easter and Halloween hamper.
Your commitment has made a real difference thank you. Thank you to all who attended and donated towards the fundraising events. We couldn’t raise money without you donating it!
Acknowledgements
There are so many individuals who keep this society running smoothly, often behind the scenes.
Thank you to Gill and Ian for keeping us all refreshed during rehearsals with teas and coffees.
Thank you to Ian for also taking on the role of librarian and Gift Aid guru.
Thank you to Ed McKillop for being the ultimate stage manager for both MFL and White Christmas. Also supporting and mentoring in the training for Amelie on the DSM desk. That experience was such an incredible opportunity and I am so glad you were willing and able to offer that to her.
Thank you to Alex McKillop for operating the lighting for White Christmas and supporting Infinity with all their tech needs and for being such a fantastic production co-ordination on MFL and White Christmas. Working hard to source and organise costumes for both shows is no mean feat but you managed it brilliantly.
Thank you to Alexandra Ashall for helping to relaunch the Maghull Newsletter.
Lee Ashall for supporting Ed with Health and Safety.
Gaynor Hale for remaining out president of the company, supporting at the civic evening and keeping costumes and accessories in her loft for more than 20
years!
And thank you to Ingrid Cleverly for her unbelievable prop-making skills, which continue to elevate our productions.
Committee
Well, what a year we’ve had. I know there were concerns about such a big change last year, but I am incredibly proud of what we have achieved together. This committee works tirelessly for Maghull, and it is an absolute honour to work alongside such passionate, committed people.
I’m going to name just a few things as I would be here all night with amount the committee have done the past year.
Kayleigh Ginley one of our newest members, has shown great calmness and good judgement, particularly in matters relating to safeguarding.
Issy Housley, also new to the committee, has thrown herself into the role of Assistant Production Coordinator, supporting with costumes, props, backstage work and tech meetings.
Yasmin Cranny, a returning member, has worked tirelessly across box office, ticketing, front of house, and membership secretary.
Alex McKillop has shown incredible skill and understanding in the role of Production Coordinator.
Phoebe Hill, our Marketing and Publicity Manager, has been outstanding on our social media platforms, creating stunning content and organising the
programme, box office and tickets and writing our new production team contracts.
-
Ed McKillop, our Company Stage Manager, continues to demonstrate great skill
-
in all things technical. Sarah Fletcher, our wonderful Secretary, keeps everything organised and running smoothly. Making sure we had all the correct licensing for the children to be able to perform and the chaperone license. Inviting and liaising with our civic party. Chris Rimmer, with his immense financial knowledge and talent, has
-
transformed the way we work for the better.
And Natalie Olson, our Vice Chair — your support over the past year has been nothing short of incredible. You have always been there to advise, to offer a different perspective, and to support me through every decision.
- Thank you all for your hard work, dedication, and passion. We could not have achieved what we did this year without you.
Thank you once again to all our members, volunteers, committee, performers, backstage teams, tech crew, front of house, box office and supporters. This has been a year to remember, and I am so proud of what we have achieved. I am grateful for the lovely comments from our members congratulating the committee for the work we have done this year. I know we will continue to work as hard and I am excited for everything this next year will bring.
Kay Davies
Chair
OUR PURPOSES AND ACTIVITIES
The purposes of the charity are:
“ To entertain the public in the musical theatre arts and to provide a safe, enjoyable environment for people to pursue musical theatre as a hobby”.
The vision that shapes our annual activities remains the promotion and fostering of knowledge, and the appreciation of the arts.
This is done by the provision of facilities for the education and recreation of the public in the field of musical theatre. The charity also has the general aim of contributing to the quality of life of the people of Maghull and of Sefton by expanding their horizons through the provision of exciting and accessible amateur musical theatre.
PUBLIC BENEFIT:
In shaping the objectives and planning our activities for the year, the Trustees have considered the Charity Commission’s guidance on public benefit, including the guidance on public benefit and fee charging. The charity relies on occasional grants and the income from fees and charges to cover its operating costs. In setting the level of
fees, the Trustees give careful consideration to the accessibility of the theatre for those on low incomes.
To achieve the charity’s aims and objectives we:
Present two musical productions each year for the enjoyment and education of our local community;
Offer opportunities for a broad range of people to get involved in our musical activities;
Concentrate on involving young people in the arts to help encourage a culture in which different age ranges play a complimentary part.
We have two major areas of activity which are: musical productions at the Little Theatre in Southport and concerts and stage performances at Maghull Parish Hall which are fund-raising activities to support our charity.
Our programme of activities focus very much on bringing the arts to the community of Maghull and Sefton. We endeavour to encourage all within our community to take part in our activities and to attend our local theatre. The activities we provide are to be enjoyed by all, from those attending local schools and colleges to our older residents.
MUSICAL PRODUCTIONS:
In November 2024 we performed ‘The Sound Of Music’ at the Little Theatre in Southport for five performances to a supportive and appreciative audience.
In June 2025 we performed ‘My Fair Lady’ at the same venue for five performances to a supportive and appreciative we were pleased to see increasing numbers booking for both productions.
FUNDRAISING EVENTS
During the year we managed to hold several events to fundraise in support of the shows. These included a Race night, BBQ, and Cockney Quiz.
OUR VOLUNTEERS:
Our charity relies on voluntary help in all it’s activities. Beside those amateur performers who display their talents at the Little Theatre, over twenty volunteers assist with stewarding the performances. Most are members of the Company.
OUR ARTISTIC VALUES:
Tastes are not the same for everyone, but we take the views of our audience seriously. We respect the diverse ethnic, faith, sexual orientation and lifestyles of our community and audience. Any complaints are considered, we may not always agree but we do give any complaint the dignity of a response.
ACHIEVEMENTS AND PERFORMANCE:
We have seen the potential of two profitable shows. If we are to carry on in this regard, with an awareness that costs have risen over the last year, we need the full support of members to continue to support us financially.
Our key financial aim remains a financially sustainable musical theatre company. We are very grateful to our sponsors for their support.
PRICING POLICY:
Tickets vary according to the estimated cost of a production. The latest price was £19.00 with a small discount for large groups. We still have a Corporate Sponsorship Scheme whereby businesses purchase 10 tickets which are then given to schools to enable young people to experience live theatre.
RESERVES POLICY:
Reserves are needed to bridge the gap between the spending and receiving of resources and to cover unplanned emergencies.
Our aim is to have a Reserve Budget of between £15,000 and a maximum of £20,000.
REFERENCE AND ADMINISTRATIVE DETAILS:
Charity Number 503479
Address for Correspondence: The Secretary, 26 Russell Avenue, Southport, PR9 7RD
Our Advisers:
Auditors Ian Wright, Sefton Council for Voluntary Services, 3[rd] Floor, Suite 3b, Burlington House, Crosby Road North, Waterloo, L22 0LG
Bankers Lloyds Bank plc, Market Street, Wigan. WN1 1JN
TRUSTEES:
The Trustees and Officers are voted on at the A.G.M. held usually in November. They serve for one year but can stand for re-election.
In 2024/2025 they were:
Chairman Kay Davies Vice Chairman Natalie Olson Secretary Sarah Fletcher
Treasurer Chris Rimmer
And 6 Members of Committee
Yasmin Cranny Phoebe Hill Issy Housley Kayleigh Ginley Alex McKillop Ed McKillop
STRUCTURE, GOVERNANCE AND MANAGEMENT:
Maghull Musical Theatre Company is a registered charity with the Charity Commission. Anyone over the age of 16 can become a member following a successful audition. There are currently nine Life Members and fifty-five members who pay a subscription.
Maghull Musical Theatre Company has a Constitution which was last up-dated in November 2023.
The Trustees are the ten members of the Committee.
The Committee meet once a month and receive a monthly financial report prepared by the Treasurer. Minutes are taken by the Secretary and issued to all committee members.
Maghull Musical Theatre Company is a member of NODA (National Operatic and Dramatic Association). They provide support and advice together with insurance cover.
TRUSTEES RESPONSIBILITIES IN RELATION TO FINANCIAL STATEMENTS:
The Treasurer is responsible for preparing a Trustees’ Annual Report and Financial Statement which is presented and agreed by the Committee.
This gives a true and fair view of the state of affairs of the Company including the income and expenditure of the Company. The Treasurer is responsible for keeping proper accounting records
This is then presented to the Company at the annual A.G.M.
By Order of the Trustees.
K. Davies
Kay Davies - Chair
Annual General Meeting 2023 Thursday 27th November 1 st August 2024 to 31 st July 2025
Treasurers Report
Overview:
-
Our Financial year – 1[st] Aug 2024 to 31[st] July 2025.
-
Although the figures in this report must be labelled as ‘an overview’, implementation of new accounting software ‘Xero’, all but guarantee’s their accuracy. However, they will still be verified by Sefton CVS prior to submission.
-
Propose Sefton CVS – Quote £210.
-
Once the financial statement has been returned this can be presented via an Extra-ordinary General Meeting (EGM) as per the constitution. This will then be available for any member to view or have a copy sent to them if they request it.
-
This financial year covers activity relating to “The Sound of Music’ & ‘My Fair Lady’, along with all social and fundraising activities organised by committee and supported by members of the company.
-
Explain new show budgeting method and success that we’ve had
Bank Overview:
| Bank Overview: | ||
|---|---|---|
| Account Name | 2025 YE Balance | 2024 YE Balance |
| General Treasurer Account | £2,992.14 | £3,306.20 |
| 100 Club Account | £1,659.81 | £635.77 |
| Reserve Account | £27,191.54 | £9,076.82 |
| Tickets Account | £3,601.70 | £1,713.02 |
| Subs Account | £3,838.67 | £888.38 |
| Fixed Term Deposit Account | £0 | £11,000.00 |
| TOTAL | £39,528.02 | £26,638.19 |
Show related income:
The Sound of Music – Nov 2024
| Income[From Tickets] | A | £29,253.80 |
|---|---|---|
| Income[None-Ticket income] | B | £5,160.21 |
| Income[Total] | A+B=C | £34,414.01 |
| Show Budget(retrospective) | D | £25,131.10 |
| Actual Spend | E | £28,520.30 |
| Show Budget V Actual Spend | DvE | -£3,389.20 |
| Proft[Tickets v Actual Spend] | AvE | £733.50 |
| Final Proft[Total – Spend] | C-E | £5,894 |
| B- Other None-Ticket income: £5,160.21 CCSS - £1,520 FoH Cash - £1,247.80 Sponsored Walk - £409.31 Sponsors and Adverts - £480 Novembeerfest - £501.60 Audition & Show Fees - £450 Good Luck Messages - £32.50 TA Bracelets - £111 Other - £10 Float Return - £398 |
My Fair Lady – June 2025
| Income[From Tickets] | A | £28,212.15 |
|---|---|---|
| Income[None-Ticket income] | B | £6,256.92 |
| Income[Total] | A+B=C | £34,469.07 |
| Show Budget | D | £27,328.80 |
| Actual Spend | E | £28,500.77 |
| Show Budget V Actual Spend | DvE | £-1,171.97 |
| Proft[Tickets v Actual Spend] | AvE | -£288.62 |
| Final Proft[Total – Spend] | C-E | £5,968.30 |
| B- Other None-Ticket income: £6,256.92 CCSS - £760 Booking Fee’s - £1,251 Donations - £453.35 Sponsor a Page - £210 Adverts - £450 Audition Fees - £345 TA Bracelets - £127 Programmes - £589.20 Rafle Show Week - £864.70 Tshirt donation - £80 Littledale - £277.02 Bake Sale - £298.65 Show Fees - £350 Sum uptest - £1 Float Return - £200 |
Proft on Shows combined
- £5,894 + £5,968.30 = £11,862.30
Other Show Related comments
-
+£272 ‘Spamalot - Other Income’. Sat Night FoH Cash and picture donations.
-
+£3,548.91 ‘White Christmas – Ticket Income’.
-
-£200 ‘Spamalot Misc’. This was the committee’s decision to remunerate Tech Staff.
-
- £1,493.60 – ‘Spamalot Production Costs’. Incorrect payment made, returned and then made to the correct account.
-
-£500 ‘The Producers Production Costs’. Deposit for rights.
-
-£500 ‘Into the Woods – Production Costs’. Deposit for rights.
-
-£122.43 ‘White Christmas - Advertising Costs’ printing leaflets to hand out during My Fair Lady
-
-£,2,756.92 ‘White Christmas – Production Costs’. Rights for show, Initial material hire & ticket tailor credits purchased.
Net effect = -£1,752.04
None-Show Related Income
100 club £1,777.42 Membership £3,878.97 BBQ £289 Cake Sale £298.65 Cockney Quiz £683 Donations £1,632.53 HMRC / GASD £1,904.49 Interest £799.98 Race Night £680.67 NODA (Dinner) £857 Patrons £150 Raffle £1,682 Sponsored Walk £209.06* (In addition to sponsored walk for SoM) Tea Donations £486.85
Total = £15,329.62
Above combined with SoM = £5,160.21 CCSS - £1,520 FoH Cash - £1,247.80 Sponsored Walk - £409.31 Sponsors and Adverts - £480 Novembeerfest - £501.60 Audition & Show Fees - £450 Good Luck Messages - £32.50 TA Bracelets - £111 Other - £10 Float Return - £398
Above combined with MFL = £6,256.92
CCSS - £760 Booking Fee’s - £1,251 Donations-£453.35 Sponsor a Page - £210 Adverts - £450 Audition Fees - £345 TA Bracelets - £127 Programmes - £589.20 Raffle Show Week - £864.70 Tshirt donation - £80 Littledale - £277.02 Bake Sale - £298.65 Show Fees - £350 Sum up test - £1 Float Return - £200
= £26,746.75!!!
Year Overview: Proft and Loss (Inc 1 yr comparison)
| Heading | 2025 | 2024 | |
|---|---|---|---|
| Total Turnover | £86,486.57 | £72,307.52 | |
| Cost of Sales | £66,451.43 | £61,801.76 | |
| Administrative Costs | £7,145.31 | £7,684.93 | |
| Net Proft | £12,236.14 | £2,820.83 |
Did you know?
-
Rent cost avg £389 pcm (Rent in 2024/25 was £4,678, / 12)
-
Insurance costs £957.03 pa
-
NODA membership £299 pa
-
Programme / leaflet printing has increase by c30% this year
-
Advance materials cost upwards of £1,000 for each show
(scripts and band parts)
-
Theatre hire breakdown (Avg £4.5k per show)
-
£280 per day get-in / tech / dress
-
£480 per performance
-
£358+VAT for follow spot lights
-
Cloths, PRS licence, props etc
-
Rights breakdown
-
16% of ech ticket sale (+VAT) so 19.2% of each ticket
-
Band member payment - £320 per person for show week
-
Full Production Team cost - £1,550
-
Set costs - £4k-£9k (depending)
-
Costumes cost c£19 per costume – we had 160+ costumes in WC
-
Payment systems – 1.6% of ticket + 0.20p per transaction
-
Ticket system – ‘credits’ c£800 per show.
Cost to sell ticket, cost for assigning seats. Paid in advance.
Cost of full acting membership is £78 and will remain so. Show Fee’s will vary from £15 upwards.
Membership payment rules will be changing slightly – we’ll go through this later.
Maghull Musical Theatre Company
Trustees' Report and Unaudited Accounts
31 July 2025
Maghull Musical Theatre Company Contents
| Pages | |
|---|---|
| Trustees'AnnualReport | - |
| IndependentExaminer'sReport | 2 |
| Statement of FinancialActivities | 3 |
| BalanceSheet | 4 |
| Notesto the Accounts | 5 to 11 |
Page 1
Maghull Musical Theatre Company Trustees Annual Report
The trustees present their report with the unaudited financial statements of the charity for the year ended 31 July 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 503479
Trustees
The following trustees served during the year:
K. Davies
S. Fletcher
C. Rimmer
P.Hill
Y. Cranny
N. Olson
A. McKillop
E . McKillop
K. Ginley
I. Housley
Accountants
Sefton Council for Voluntary Service
Burlington House
Crosby Road North
Waterloo
Liverpool
L22 0LG
Statement of trustees' responsibilities in relation to the financial statements
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
SIGN
C. Rimmer Trustee
Page 2
Maghull Musical Theatre Company Trustees Annual Report
19 May 2026
Page 3
Independent Examiners Report
Maghull Musical Theatre Company
Independent Examiner's Report to the trustees of Maghull Musical Theatre Company
I report to the trustees on my examination of the financial statements of Maghull Musical Theatre Company for the year ended 31 July 2025.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the charity's financial statements 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 can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect:
-
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
Ian Wright Chartered Accountant
Sefton Council for Voluntary Service
Burlington House
Crosby Road North
Waterloo
Liverpool
L22 0LG
19 May 2026
Page 4
Maghull Musical Theatre Company Statement of Financial Activities
for the year ended 31 July 2025
| for the year ended 31July 2025 | ||||
|---|---|---|---|---|
| Notes Income and endowments from: Donationsandlegacies 3 Charitableactivities 4 Other tradingactivities 5 Investments 6 Total Expenditure on: Raisingfunds 7 Charitableactivities 8 Other 9 Total Netgainsoninvestments Netincome 10 Transfersbetweenfunds Netincome before other gains/(losses) Othergainsandlosses Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward |
Unrestricted funds |
Totalfunds | Totalfunds | |
| 2025 | 2025 | 2024 | ||
| £ | £ | £ | ||
| 7,475 | 7,475 | 9,542 | ||
| 73,241 | 73,241 | 58,868 | ||
| 6,809 | 6,809 | 1,525 | ||
| 800 | 800 | 243 | ||
| 88,325 | 88,325 | 70,178 | ||
| 360 | 360 | 560 | ||
| 71,182 | 71,182 | 63,012 | ||
| 4,205 | 4,205 | 2,864 | ||
| 75,747 | 75,747 | 66,436 | ||
| - | - | - | ||
| 12,578 | 12,578 | 3,742 | ||
| - | - | - | ||
| 12,578 | 12,578 | 3,742 | ||
| 12,578 | 12,578 | 3,742 | ||
| 24,024 | 24,024 | 20,282 | ||
| 36,602 | 36,602 | 24,024 | ||
Page 5
Maghull Musical Theatre Company Balance Sheet
at 31 July 2025
| at 31July 2025 | ||
|---|---|---|
| Charity No.503479 Fixed assets Tangibleassets 12 Current assets Debtors 13 Cashat bankandin hand Creditors: Amountfallingdue within one year 14 Netcurrent assets Totalassets lesscurrentliabilities Net assetsexcludingpension asset orliability Totalnet assets Thefundsofthecharity Restrictedfunds 16 Unrestrictedfunds 16 Generalfunds Reserves 16 Totalfunds Approved by the trusteeson 19 May 2026 |
2025 £ 717 717 136 39,528 39,664 (3,779) 35,885 36,602 36,602 36,602 36,602 36,602 36,602 |
2024 £ 860 |
| 860 2,143 26,638 |
||
| 28,781 (5,617) |
||
| 23,164 24,024 |
||
| 24,024 | ||
| 24,024 | ||
| 24,024 | ||
| 24,024 | ||
| 24,024 | ||
And signed on their behalf by:
C. Rimmer Trustee 19 May 2026
Page 6
Maghull Musical Theatre Company Notes to the Accounts
-
for the year ended 31 July 2025
-
1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with 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 if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year.
assets
Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
Maghull Musical Theatre Company Notes to the Accounts
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Equipment 25% Reducing Fixtures and fittings 15% Reducing
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 8
Maghull Musical Theatre Company Notes to the Accounts
2 Statement of Financial Activities - prior year
| 2 Statement ofFinancialActivities-prior year |
|||
|---|---|---|---|
| Income and endowmentsfrom: Donationsandlegacies Charitableactivities Other tradingactivities Investments Total Expenditure on: Raisingfunds Charitableactivities Total Netincome Netincome before other gains/(losses) Othergainsandlosses: Net movementinfunds Reconciliation of funds: Totalfundsbroughtforward Totalfundscarriedforward 3 Incomefrom donationsandlegacies Subscriptions Donations |
Unrestricted £ 3,788 3,687 7,475 |
Unrestricted funds 2024 £ 9,542 58,868 1,525 243 70,178 560 65,876 66,436 3,742 3,742 3,742 20,282 24,024 Total 2025 £ 3,788 3,687 7,475 |
Totalfunds 2024 £ 9,542 58,868 1,525 243 |
| 70,178 560 65,876 |
|||
| 66,436 | |||
| 3,742 | |||
| 3,742 | |||
| 3,742 20,282 |
|||
| 24,024 | |||
| Total 2024 £ 3,951 5,591 |
|||
| 9,542 |
Page 9
Maghull Musical Theatre Company Notes to the Accounts
4 Income from charitable activities
| 4 Incomefromcharitable activities |
|||
|---|---|---|---|
| Guysand Dolls Jekylland Hyde CalamityJane Sound ofMusic MyFairLady WhiteChristmas Refreshments TShirts NODA Dinner 5 Incomefrom other tradingactivities 100Club Sponsored Walk Cockney Quiz Raffle Race Night Novembeerfest BBQ Littledale Cakesale 6 Incomefrominvestments Bankinterest receivable 7 Expenditure on raising funds Fundraising tradingcosts 100Club |
Unrestricted £ - - 272 35,393 32,563 3,669 487 857 73,241 Unrestricted £ 1,777 618 683 1,683 681 502 289 277 299 6,809 Unrestricted £ 800 800 Unrestricted £ 360 360 |
Total 2025 £ - - 272 35,393 32,563 3,669 487 857 73,241 Total 2025 £ 1,777 618 683 1,683 681 502 289 277 299 6,809 Total 2025 £ 800 800 Total 2025 £ 360 360 |
Total 2024 £ 17 27,420 30,530 198 31 672 |
| 58,868 | |||
| Total 2024 £ 1,525 - - - |
|||
| 1,525 | |||
| Total 2024 £ 243 |
|||
| 243 | |||
| Total 2024 £ 560 |
|||
| 560 |
Page 10
Maghull Musical Theatre Company Notes to the Accounts
8 Expenditure on charitable activities
| 8 Expenditure oncharitable activities |
|||
|---|---|---|---|
| Expenditureoncharitable activities Productions 9 Other expenditure Amortisation,depreciation, impairment,profit/losson disposalof fixedassets Generaladministrativecosts Legaland professionalcosts 10 Netincome before transfers Thisis statedaftercharging: Depreciation ofownedfixedassets 11 Staffcosts No employee received emolumentsin excessof£60,000. 12 Tangiblefixed assets Cost or revaluation At 1 August 2024 At 31July 2025 Depreciation and impairment At 1 August 2024 Depreciationchargefor the year At 31July 2025 Net bookvalues At 31July 2025 At 31July 2024 |
Unrestricted £ 71,182 71,182 Unrestricted £ 143 3,874 188 4,205 2025 £ 143 |
Total 2025 £ 71,182 71,182 Total 2025 £ 143 3,874 188 4,205 Fixturesand fittings £ 2,866 2,866 2,145 108 2,253 613 721 |
Total 2024 £ 63,012 |
| 63,012 | |||
| Total 2024 £ 174 2,690 - |
|||
| 2,864 | |||
| 2024 £ 174 Total £ 3,114 |
|||
| Equipment | |||
| £ 248 248 109 35 144 104 139 |
|||
| 3,114 | |||
| 2,254 143 |
|||
| 2,397 | |||
| 717 | |||
| 860 |
Page 11
Maghull Musical Theatre Company Notes to the Accounts
13 Debtors
| 13 Debtors | ||
|---|---|---|
| 2025 £ Other debtors 136 Prepaymentsandaccruedincome - 136 14 Creditors: amountsfallingdue within one year 2025 £ Othercreditors 3,592 Accruals 187 Deferredincome - 3,779 15 DeferredIncome Movement ofthe deferredincomeshowninCreditors:amountsfalling duewithin oneyear 2025 £ At 1 August 1,837 Released incurrent year (1,837) Deferredincurrent year - At 31July - 16 Movementinfunds At 1 August 2024 Incoming resources (including other gains/losses ) Resources expended £ £ Restrictedfunds: Unrestrictedfunds: Generalfunds 24,024 88,325 (75,747) Totalfunds 24,024 88,325 (75,747) 17 Analysisofnet assetsbetweenfunds Unrestricted funds £ Fixedassets 717 Netcurrentassets 35,885 36,602 |
2025 £ 136 - 136 2025 £ 3,592 |
2024 £ 136 2,007 |
| 2,143 | ||
| 2024 £ 3,592 |
||
| 187 | 187 | |
| - | 1,838 | |
| 5,617 | ||
| 2024 £ - - 1,837 |
||
| 1,837 | ||
| At 31July 2025 £ 36,602 |
||
| 36,602 | ||
| Total £ 717 35,885 |
||
| 36,602 |
Page 12
Maghull Musical Theatre Company Notes to the Accounts
18 Reconciliation of net debt
| Cashandcash equivalents Net debt |
At 1 August 2024 £ |
Cashflows £ |
At 31July 2025 £ |
|---|---|---|---|
| 26,638 | 12,890 | 39,528 | |
| 26,638 26,638 |
12,890 12,890 |
39,528 | |
| 39,528 |
Page 13