Grove Park Theatre Charity No. 505339
Accounts for the year ended 31.7.2021
David A Hopkins Chartered Accountant 7 King Street, Wrexham LL11 1HF Telephone (01978) 364331
INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF THE GROVE PARK THEATRE
I report on the Accounts of the Theatre for the year ended 31[st] July 2021 which are set out on pages 1 to 7.
Respective responsibilities of members of the Theatre and Examiner
As members of the Theatre, you are responsible for the preparation of Accounts you consider that the audit requirements of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state on the basis of procedures specified in the General Direction given by the Charity Commissioners under section 43(7) of the Act whether . particular matters have come to my attention.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the general directions given by the Charity Commissioners. An examination includes review of the accounting records kept by the Theatre 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 of the Theatre concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the Accounts.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:-
- Which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the Act and to prepare Accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met,
or
- To which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached.
David A Hopkins Chartered Accountant 7 King Street, Wrexham LL11 1HF
Date
page 1
| Grove Park Theatre Balance Sheet as at 31.7.2021 Fixed Assets Freehold Property (at cost) Little Theatre Leasehold Property Pentrefelin Warehouse Fixtures, fittings and equipment Current Assets Stock in hand Debtors and prepayments Cash at bank and in hand Current Liabilities Creditors and accrued expenses Net current assets Represented by:- Accumulated Fund Balance brought forward Surplus/deficit for year Balance carried forward |
0 1016 194054 195070 480 |
2021 159587 132252 48005 334844 194590 529434 534557 -5123 529434 |
748 5998 208736 215482 4200 |
2020 139817 135675 47783 323275 211282 |
|---|---|---|---|---|
| 534557 | ||||
| 505180 29377 534557 |
page 2
| Grove Park Theatre. Notes to the Balance | Sheet as at 31.7.2021 |
|---|---|
| 2021 | |
| 1. Freehold Property | |
| Cost b/down | 139817 |
| Addition | 19770 |
| 159587 | |
| 2. Leasehold Property | |
| Pentrefelin warehouse (at cost) b/down | 203838 |
| Less Amortization brought forward | -68163 |
| Charge for year | -3423 |
| Carried forward | 71586 |
| Net book value | |
| At 31.7.2021 | 132252 |
| At 31.7.2020 | 135675 |
The above property is held on a 99 year lease which commenced on 11th September 1961. Therefore the proportion of the lease purchased by the Theatre on 31st October 1991 is being amortized over the remaining 69 years on a straight line basis
| 3. Fixtures, Fittings and Equipment | Equipment | |
|---|---|---|
| Cost. Brought forward | 408416 | |
| Additions | 0 | |
| Carried forward | 408416 | |
| Less depreciation brought forward | 360633 | |
| Charge for year | 4778 | |
| Carried forward | 365411 | |
| Net book value | ||
| At 31.7.2021 | 43005 | |
| At 31.7.2020 | 30292 | |
| The policy of depreciating Fixtures, Fittings and Equipment by 20% per | annum will be continued | |
| in the future years, but this year only 10% was applied due to lack of use of equipment. | ||
| 4. Stocks on hand (at cost) | 2021 | 2020 |
| Catering Stock | 0 | 145 |
| Bar | 0 | 548 |
| Sweets and ices | 0 | 55 |
| 0 | 748 |
page 3
Grove Park Theatre Notes to the Balance Sheet as at 31.7.2021
| 5. Debtors and Prepayments Production costs (scripts, royalties) (see note below) Advertising hoarding 6. Cash at bank and in hand Cash in hand Bank account General account Bar account Social account 200 Club account Tracker account 7. Creditors and accrued expenses Ticket sales in advance- Panto Refunds due- Panto 20/21 200 Club-received in advance 200 Club- Prizes creditor Other creditors Calamity Jane royalties Production costs in 2020 £5,998. Refund of royalty £4,982, the balance is £1,016. Scripts in hand July 2021, £1,016 |
2021 1016 0 1016 271 4041 4050 2925 1939 180828 194054 0 0 0 0 480 0 480 |
2020 5998 0 5998 607 3297 3620 2925 775 197512 |
2020 5998 0 5998 |
|---|---|---|---|
| 208736 | |||
| 0 2928 12 0 1260 0 4200 |
|||
page 4
Grove Park Theatre Income and Expenditure Account for the year ended 31.7.2021
| Income From Productions Less Production costs Sale of programmes Sales Cost Net income from Productions Other income Trading profits (Losses) Full membership-subscriptions Youth membership-subscriptions 200 Club Hire of Theatre Interest received Donations/legacies Rent/car park Hoarding & Adverts Covid & Grants Theatre running costs Establishment Administration Finance and Booking charges Cash surplus/deficit for year Depreciation (1/2 rate) Amortisation of lease Net income/deficit |
0 0 -654 0 0 1176 0 216 0 7906 1250 25000 29364 1899 809 4778 3423 |
2021 565 -309 256 0 256 34894 35150 -32072 3078 ` -8201 -5123 |
2020 69152 18168 50984 2112 -1743 369 51353 7159 5951 744 846 15 561 295 7320 500 35000 58391 109744 48929 13214 2856 -64999 44745 11945 3423 -15368 29377 |
2020 69152 18168 50984 2112 -1743 369 51353 7159 5951 744 846 15 561 295 7320 500 35000 58391 109744 48929 13214 2856 -64999 44745 11945 3423 -15368 29377 |
2020 69152 18168 |
|---|---|---|---|---|---|
| 50984 369 51353 58391 |
|||||
| 44745 -15368 |
|||||
| 29377 |
page 5
Grove Park Theatre Notes to the
Income and Expenditure Account for the year ended 31.7.2021
| 2021 1. Income from Productions Season ticket holders 0 Pantomime-Rapunzel 2019/2020 0 Pantomime- ticket waivers (see note below) 565 2019/2020 Season Darling Buds Eric Morecambe Glorious Talking Heads One Man Romeo & Juliet Youth Productions 565 |
1253 2302 3794 188 3030 90 1848 |
2020 19905 36270 472 12505 |
|---|---|---|
| 69152 |
page 6
Grove Park Theatre Notes to the Income and Expenditure Account for the year ended 31.7.2021
| 2021 | 2020 | ||
|---|---|---|---|
| 2. Production Costs | |||
| Pantomine | 9830 | ||
| 2020/2021 Season | 159 | 165 | |
| 2019/2020 Season | |||
| Darling Buds | 0 | ||
| Eric Morecambe | 475 | ||
| Glorious | 1289 | ||
| Talking Heads | 0 | ||
| One Man | 743 | ||
| Romeo & Juliet | 0 | ||
| Youth Productions | 198 | 2705 | |
| Ticket refunds plays | 0 | 532 | |
| Scripts and Royalties (see note page 3) | 0 | 3667 | |
| Technical Director | 75 | 791 | |
| Art Director | 143 | 478 | |
| 309 | 18168 |
page 7
| Grove Park Theatre Notes to the Income and Expenditure Account for the year ended 31.7.2021 3. Trading Profits Gross: Bar Takings Less: Cost of goods sold-stock loss Bar: Net Profit (Loss) Sweets and Ices: Sales Sweets and Ices: Costs-stock loss Catering/Social: Sales Catering/Social: Costs-stock loss Net Profit (Loss) 4. Establishment Expenses Insurance Ground Rent Rates, Water & Refuse Heating and Lighting Repairs and Renewals Telephone House Director's Expenses 5. Administration Expenses Transport Hospitality Printing, post, stat. & adv Subscriptions & Licences Accountancy fees Administration & Misc 6. Finance Charges Online Bookings Booking Fees Bank charges |
0 -55 134 -185 0 0 |
2021 0 -548 -548 -55 -51 -654 6501 184 2413 3276 13535 1314 2141 29364 70 0 54 203 492 1080 1899 0 811 811 |
2021 0 -548 -548 -55 -51 -654 6501 184 2413 3276 13535 1314 2141 29364 70 0 54 203 492 1080 1899 0 811 811 |
7210 -4497 1652 -464 3732 -2474 |
2020 6644 -3386 3258 2713 1188 7159 6708 184 5465 13700 17539 1011 4322 48929 |
2020 6644 -3386 3258 2713 1188 7159 6708 184 5465 13700 17539 1011 4322 48929 |
|---|---|---|---|---|---|---|
| 610 336 8914 1827 1272 255 13214 |
||||||
| 1258 1597 |
||||||
| 2855 |
page 8