Grove Park Theatre
Charity Number 505339
Accounts for the year ended 31st July 2024
David A. Hopkins Chartered Accountant 7 King Street, Wrexham, LL11 1HF Telephone (01978) 364331
Page 1
Independent Examiner's Report to the Members of Grove Park Theatre
I report on the Accounts for the Theatre for the year ended 31st July 2024.
Respective responsibilities of members of the Theatre and Examiner
As members of the Theatre, you are reponsible for the preparation of Accounts. You consider that the audit requirement 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 whether particular matters have come to my attention.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general direction 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 such matters. The procedures undertaken do not provide all the evidence that would be required in a audit and consequently I do not express and 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:-
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Which gives me reasonable cause to believe that in any material repect the requirements to keep accounting records and prepare Accounts which accord with the accounting records and to comply with the accounting requirements have not been met,
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or
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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 Kind Street, Wrexham
30th October 2024
Grove Park Theatre Balance Sheet As at 31st July 2024
Page 2
| Note Fixed Assets Freehold Property - Theatre 1 Leasehold Property - Pentrefelin Warehouse 2 Fixtures, fittings and equipment 3 Current Assets Stock on hand 4 Debtors and prepaymetns 5 Cash at bank and in hand 6 Current Liabilities Creditors and accrued expenses 7 Net Current Assets Represented by:- Accumulated Fund Balance brought forward Surplus for the year Balance carried forward |
£ £ £ £ 159,587 159,587 121,983 125,406 27,727 33,064 309,297 318,057 1,117 597 8,064 9,724 234,458 191,947 243,639 202,268 12,524 8,088 231,115 194,180 540,412 512,237 512,237 499,316 28,175 12,921 540,412 512,237 2024 2023 |
|---|---|
| 243,639 12,524 |
|
Grove Park Theatre Notes to the Balance Sheet As at 31st July 2024
Page 3
| 2024 | ||
|---|---|---|
| £ | ||
| 1 | Freehold Property - The Theatre | |
| Cost brought forward and carried forward | 159,587 | |
| 2 | Leasehold Property - Pentrefelin warehouse | |
| Cost brought forward and carried forward | 203,838 | |
| Less Amortisation | ||
| Brought forward | 78,432 | |
| Charge for year | 3,423 | |
| Carried forward | 81,855 | |
| Net book value | ||
| At 31st July 2024 | 121,983 | |
| At 31st July 2023 | 125,406 | |
| 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 | ||
| amortised over the remaining 69 years of its life on a straight line basis. | ||
| 2024 | ||
| £ | ||
| 3 | Fixtures, Fittings and Equipment | |
| Cost brought forward | 410,516 | |
| Additions | 1,595 | |
| Carried forward | 412,111 | |
| Less Depreciation | ||
| Brought forward | 377,452 | |
| Charge for year | 6,932 | |
| Carried forward | 384,384 | |
| Net book value | ||
| At 31st July 2024 | 27,727 | |
| At 31st July 2023 | 33,064 | |
| Depreciation is charged at 20% of the net book value each year. |
Grove Park Theatre Page 4
Notes to the Balance Sheet As at 31st July 2023
| 4 Stock on hand (at cost) Bar Sweets and ices Catering 5 Debtors and prepayments Production costs (scripts and royalties) Other expenses prepaid 6 Cash at bank and in hand Bank balances - General account Bar account Social account 200 Club account Savings account Cash in hand 7 Creditors and accrued expenses Ticket sales in advance - Panto Other creditors |
2024 2023 £ £ 846 413 187 184 84 - 1,117 597 4,009 5,752 4,055 3,972 8,064 9,724 14,424 3,491 21,446 12,337 6,976 5,420 842 2,340 190,371 167,820 234,059 191,408 399 539 234,458 191,947 5,961 5,844 6,563 2,244 12,524 8,088 |
|---|---|
Grove Park Theatre
Page 5
Income and Expenditure Account For the year ended 31st July 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ £ |
£ | £ | |
| Income | ||||
| Productions | 1 | 93,557 | 75,157 | |
| Less Production costs | 2 | (29,086) | (25,139) | |
| 64,471 | 50,018 | |||
| Sale of programmes | ||||
| Sales | 2,507 | 2,006 | ||
| Cost | (2,004) | (1,176) | ||
| 503 | 830 | |||
| Net income from productions | 64,974 | 50,848 | ||
| Other income | ||||
| Trading profits | 3 | 15,461 | 10,382 | |
| Full membership subscriptions | 5,692 | 3,684 | ||
| Youth membership subscriptions | 1,020 | 330 | ||
| 200 Club | 4 | 520 | 512 | |
| Hire of Theatre/props/wardrobe | 999 | 233 | ||
| Interest received | 2,552 | 643 | ||
| Donations and legacies | 330 | 175 | ||
| Rent for car park | 8,060 | 8,080 | ||
| Hoarding and advertising | 1,000 | 1,000 | ||
| 35,634 | 25,039 | |||
| 100,608 | 75,887 | |||
| Theatre running costs | ||||
| Establishment | 5 | 45,668 | 41,529 | |
| Administration | 6 | 7,953 | 2,925 | |
| Finance charges | 7 | 8,457 | 7,348 | |
| 62,078 | 51,802 | |||
| Net income before Depreciation and Amortisation | 38,530 | 24,085 | ||
| Less | ||||
| Depreciation | 6,932 | 7,741 | ||
| Amortisation of lease | 3,423 | 3,423 | ||
| 10,355 | 11,164 | |||
| Net income for the year | 28,175 | 12,921 |
Grove Park Theatre
Page 6
Notes to the Income and Expenditure Account For the year ended 31st July 2024
| 1 Income from Productions Season tickets Pantomime tickets Pantomine sponsorship Ticket exchange fees 2023/24 Season - Ticket sales The Addams Family Sheila's Island Frankenstein Home, I'm Darling Some Mothers Do 'Av 'Em Animal Farm 2022/2023 Season - Ticket sales The Graduate Jeeves & Wooster The Anniversary The Revlon Girl Darling Buds of May Ticket refunds |
£ £ £ £ 13,776 8,091 53,188 52,179 500 - 113 88 5,634 2,974 4,469 4,606 5,255 3,042 1,821 3,037 2,117 3,497 4,405 - (78) 25,980 14,799 93,557 75,157 2024 2023 |
|---|---|
Grove Park Theatre
Page 7
Notes to the Income and Expenditure Account For the year ended 31st July 2024
| 2 Production Costs Pantomime 2023/24 Season The Addams Family Sheila's Island Frankenstein Home, I'm Darling Some Mothers Do 'Av 'Em Animal Farm 2022/2023 Season The Graduate Jeeves & Wooster The Anniversary The Revlon Girl Darling Buds of May Other Production costs One Act Play Festival - Blue Remembered Hills Transport Scripts and Royalties Artistic Director Technical Director Technical repairs |
£ £ £ £ 6,381 7,688 2,621 487 1,846 1,585 992 406 1,027 593 1,001 761 1,100 7,937 4,482 316 - 760 360 7,026 4,451 542 962 497 883 5,627 6,313 29,086 25,139 2024 2023 |
|---|---|
Grove Park Theatre
Page 8
Notes to the Income and Expenditure Account
For the year ended 31st July 2024
| 3 Trading Profits Bar: Sales Bar: Cost of sales Bar: Net Profit Sweets and Ices: Sales Sweets and Ices: Cost of sales Sweets and Ices: Net Profit Catering/Social: Sales Catering/Social: Cost of sales Catering/Social: Net Profit 4 200 Club Income Prizes and expenses 5 Establishment Expenses Insurance Ground rent Rates, Water and refuse Heating and lighting Repairs and renewals (Non-Technical) Telephone and internet House Director and cleaning |
£ £ £ £ 16,031 8,976 (7,089) (3,838) 8,942 5,138 9,570 7,884 (4,678) (3,973) 4,892 3,911 2,324 2,040 (697) (707) 1,627 1,333 15,461 10,382 1,130 1,122 (610) (610) 520 512 6,545 6,338 184 184 2,939 3,787 27,612 14,724 4,831 11,690 1,269 1,008 2,288 3,798 45,668 41,529 2024 2023 |
|---|---|
Grove Park Theatre
Page 9
Notes to the Income and Expenditure Account For the year ended 31st July 2024
| 2024 | 2023 | ||||||
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | ||||
| 6 | Administration | ||||||
| Publicity | 5,423 | 1,169 | |||||
| Subscriptions & licences | 1,074 | 215 | |||||
| Archive costs | 247 | - | |||||
| Accountancy fees | 150 | 816 | |||||
| Administration and miscellaneous | 1,059 | 725 | |||||
| 7,953 | 2,925 | ||||||
| 7 | Finance costs | ||||||
| Box Office software and booking fees | 5,443 | 4,664 | |||||
| Bank charges | 3,014 | 2,684 | |||||
| 8,457 | 7,348 |