2023-07-31-accounts - Grove Park Theatre

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Grove Park Theatre

Charity No. 505339 .

Accounts for the year ended 31.07.2023

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

| report on the Accountsofthe theatre for the year ended 31° July 2023.

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 our in accordance with the general directions given by the oo 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 | 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:1. Which gives me reasonable cause to believe that in any material respectthe — requirements to keep accounting records in accordance with section 41 ofthe — 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

2"¢ October 2023 ©

Page 1 :

Grove Park Theatre Balance Sheet As at 31st July 2023

----- Start of picture text -----
2023 2022
Note £ £ £ £
Fixed Assets
Freehold Property - Theatre i! 159,587 159,587
Leasehold Property - Pentrefelin Warehouse 2 125,406 128,829
Fixtures, fittings and equipment 3 33,064 38,705
318,057 327,121
Current Assets
Stock on hand 4 597 745
Debtors and prepaymetns 5 9,724 2,762
Cash at bank and in hand 6 191,947 175,465
202,268 178,972
Current Liabilities
Creditors and accrued expenses 7 8,088 6,777
Net Current Assets 194,180 172,195
512,237 499,316
Represented by:-
Accumulated Fund
Balance brought forward 499,316 529,434
Surplus/(Deficit) for the year 12,921 (30,118)
Balance carried forward 512,237 499,316
----- End of picture text -----

Page 2

Grove Park Theatre Notes to the Balance Sheet As at 31st July 2023

			2023
			£
1	Freehold Property -TheTheatre
	Cost broughtforward and carried forward		159,587
2	Leasehold Property - Pentrefelinwarehouse
	Cost brought forward and carried forward		203,838
	Less Amortisation
	Broughtforward		75,009
	Charge foryear		3,423
	Carried forward		78,432
	Net book value
	At 31st July2023		125,406
	At 31stJuly2022		128,829
	The above property is held on a 99year lease which commenced on 11th September		1961.
	Therefore the proportion ofthe lease purchased bytheTheatre on 31st October 1991 is being
	amortised overthe remaining 69 years of its life on a straight line basis.
			2023
			£
3	Fixtures, Fittings and Equipment
	Cost brought forward		408,416
	Additions		2,100
	Carried forward		410,516
	Less Depreciation
	Broughtforward		369,711
	Charge foryear		7,741
	Carried forward		377,452
	Net book value
	At 31stJuly 2023		33,064
	At 31stJuly2022		38,705
		2023		2022
		£		£
4	Stockon hand (atcost)
	Bar	413		630
	Sweets and ices	184		115
		597		745

Page 3

Grove Park Theatre

Notes to the Balance Sheet

As at 31st July 2023

		2023	2022
		£	£
5	Debtorsand prepayments
	Production costs (scripts and royalties)	5,752	2,762
	Publicityfor nextseason	3,972	-
		9,724	2,762
6	Cash at bank and in hand
	Cash in hand	539	1,066
	Bank-
	General account	3,491	4,551
	Baraccount	12,337	§.771
	Social account	5,420	4,090
	200Clubaccount	2,340	1,810
	Savings account	167,820	158,177
		191,947	175,465
7	Creditors and accrued expenses
	Ticket sales inadvance - Panto	5,844	6,153
	Other creditors	2,244	624
		__8,088_	6,777

Page 4

Grove Park Theatre

Income and Expenditure Account For the year ended 31st July 2023

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||||||| |---|---|---|---|---|---| |2023|2022| |Note|£|£|£|£| |Income| |Productions|1|75,147|4,585| |Less|Production|costs|2|(12,170)|(749)| |62,977|3,836| |Sale|of programmes| |Sales|2,006|-| |Cost|(1,176)|“| |830|-| |Net|income from|produtions|63,807|3,836| |Other|income| |Trading|profits|3|§=610,382|2,960| |Full|membership|subscriptions|3,684|.| |Youth|membership|subscriptions|330|-| |200|Club|4|512|(129)| |Hire|of Theatre/props/wardrobe|233|30| |Interest|received|643|18| |Donations|and|legacies|175|-| |Rent|for car|park|8,080|8,100| |Hoarding and|advertising|1,000|1,000| |Booking|fees|88|=| |Covid|Grants|-|6,000| |25,127|17,979| |88,934|21,815| |Theatre|running|costs| |Establishment|5|47,842|31,973| |Administration|6|3,285|6,952| |Finance|charges|7|7,348|2,438| |Other|costs|8|6,374|2,847| |64,849|44,210| |Cash|surplus|(deficit)|for the year|24,085|(22,395)| |Less| |Depreciation|7,741|4,300| |Amortisation|of lease|3,423|3,423| |11,164|dyhae| |Net income|(deficit)|"12,921,|~~|(30,118)|

----- End of picture text -----

Page 5

Grove Park Theatre

Notes to the Income and Expenditure Account For the year ended 31st July 2023

		2023		2022
		£	£	£	£
1	Income from Productions
	Season tickets		8,091		-
	Pantomime tickets		52,179		-
	2022/2023 Season
	The Graduate	1,821
	Jeeves&Wooster	3,037
	The Anniversary	2,117
	The Revlon Girl	3,497
	Darling Buds ofMay	4,405
	2021/2022 Season
	Talking Heads			1,800
	Importance of Being Ernest			2,785
			14,877		4,585
			75,147		4,585
2	Production Costs
	Pantomime		7,688		-
	2022/2023 Season
	The Graduate	1,027
	Jeeves& Wooster	593
	The Anniversary	1,001
	The Revlon Girl	761
	Darling Buds ofMay	1,100
	2021/2022 Season
	Talking Heads			79
	Importance ofBeing Ernest			670
			4,482		749
			12,170		749

Page 6

Grove Park Theatre

Notes to the Income and Expenditure Account For the year ended 31st July 2023

		2023		2022
		£	£	£	£
3	Trading Profits
	Bar: Sales	8,976		2,642
	Bar: Costofsales	(3,838)		(1,010)
	Bar: Net Profit		5,138		1,632
	Sweetsand Ices: Sales	7,884		543
	Sweetsand Ices: Costofsales	(3,973)		(298)
	Sweetsand Ices: Net Profit		3,911		245
	Catering/Social: Sales	2,040		1,333
	Catering/Social: Cost ofsales	(707)		(240)
	Catering/Social: Net Profit		1,333		1,083
			10,382		2,960
4	200 Club
	Income		1,122
	Prizes and expenses		(610)
			512
5	Establishment Expenses
	Insurance		6,338		6,113
	Ground rent		184		184
	Rates, Waterand refuse		3,787		3,861
	Heatingand lighting		14,724		9,741
	Repairsand renewals (see below)		18,003		9,728
	Telephone and internet		1,008		1,176
	House Director's expenses		3,798		1,170
			47,842		31,973
	Repairs and renewals
	Theatre		11,690		7,429
	Technical		6,313		2,650
	Warehouse	-		18,788
	Less Insurance claim	.		(19,139)
			-		(351)
			18,003		9,728

Page 7

Grove Park Theatre

Notes to the Income and Expenditure Account For the year ended 31st July 2023


		£	£	£	£
6	Administration
	Transport		360		600
	Publicity		1,169		4,315
	Subscriptions & licences		215		625
	Accountancy fees		816		696
	Administration and miscellaneous		725		716
			3,285		6,952
7	Finance costs
	Box Office software and bookingfees		4,664		1,499
	Bankcharges		2,684		939
			7,348		2,438
8	Other costs
	Ticket refunds		78		36
	Scripts and Royalties		4,451		1,484
	Technical Director		883		1,075
	Art Director		962		252
			6,374		2,847

Page 8