Registration Charity Number 506677 PRIORY THEATRE COMPANY ANNUAL REPORT & STATEMF.NT OF ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024
PRIORY THEATRE COMPANY Contents Page rustees and Advisers nnual Report ndependcnt Examiner's Report to the Trustees eceipts & Payments Account tatement of Assets & Liabilities otes to the Accounts etailcd Receipts & Paynicnts
PRIORY THEATRE COMPANY TRUSTEES & ADVISERS 31 MAY 2024 slees J Evans (Chairman) D Main T Boulton asurer D Main ependent Examiner Wayne Guttcridge ACA FCCA HalSon Beale & Owen Limited Seven Stars House I Wheler Road Covenlry CV3 4LB
PRIORY THEATRE COMPANY ANNUAL REPORT 31 MAY 2024 Const ution Pri()ry in Scp Its add lieatre Cumpany is constituted by a Con51ilUtion dated 16 June 1977 and amended mber 2018. It is a registered Charily, Number 506677. ess is at Priory Theatre. Rosemary Hill, Kenilworth. CV8 IBN. Trust 's & Advisers ies of the present Trustees and Advisers are shown on page l. Trust ' Responslbilities TheT fund a ustees are responsible for preparing annual accounts, safeguarding (he assets of the d keeping proper accounting records. Chari y objectives Topr Covci vide and promote appreciation of dramatic arts locally in the area we serve. Kenilworth, I'y, Leamingion Spa, Warwick , Rugby, Balsall Common and local villages. L<il¢ and train children and young pcoplc in all aspects of dramatic and musical ance. mote, within the community. high quality amateur theatre througli membership and liince opportunity. perf()r To pr( perfo Publi benefit The stees have considered the charity Commission's guidance on public benefit, Revl of the year Inco Com Bart Direc Over The £3.17 Thet for the year totalled £163,922 up from £120,993 in 2023. ned box office income tor the year totalled £9?.270. cornpared co £74.869 in 20?3. ings for the year totalled £37.918, an increase from the figure of £31,070 in 2023. costs have risen from £58,685 in 2023 to £87,872 in 2024. eads have increased from £59,137 in 20?3 10 £71,495 in 2024. erall surplus of receipts over payments for the year was £4.555, compared to in 2023. tal balance on the general fund incrcased to £282,?60 (2023: £277,705).
PRIORY THEATRE COMPANY INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES Ire ort on the accounts of the charily for the year ended 31 May 2024 which are sel out on s4to6. pag Res The ective Responslbilities of Trustees & Examiner Charity s TTU8tees are responsible for the preparation of the accounts. The Charity s t¢es consider chat an iiudit is not required for this year under Section 144(2) of the 'lies Aci 2011 (the 2011 Act) and that an independent examination is needed. Tru my responsibility to.. Examine the accounts under Sectioii 145 of the 2011 acl. Follow the procedure5 laid down in Ihe general Directions given by the Charity Commission (under Section 14.5{5)(b) of the 2011 Act. and State whelher particular m&tter5 hdve come to my Mttention of Tndependent Examlner's Statement exiiminution wa8 Larried out in ac¢ordance witli general Directions given by the Charity Inission. An examination includes a review of rhe accounting records kepi by the Charity a Lomparison of the a¢eount8 presented within tho8e records. It al.80 includes consideration 'f any unusual items or disclosure8 in the accounts, and seeking explanations from you 'iee.q concerning any lueh matters. The procedure8 undertaken do not pi'ovide all of the cnce that would be required in an audit and consequently no opinion 18 given as lo whether Iccount8 present a 'true and fair view" and the report is limited to those matters set out in the ment below. My Ci) an as Ti'l evi sta ependent Examlner's Statement onnection with my examination, no matter has come to my attention.. Which gives me rea.qonable cau8e to believe that, in any material respect. the irements., to keep accounting rec()rds in accordance with Seclinn 130 of Ilie 2011 Act; and to prepare accounts which accord with accounting rccords and comply with the accounting requirements ol- Ilie 201 l ACL e not been mel; or to which in my opii)ion, attention .81iould be drawii in order to enable a proper under.8tanding of accounts 10 be reached, th yne Gulteridge FCCA ACA rris(>n Beale and Owen l.imited artered Accountants en Slars House heler Road veDtry 34LB ted:
PRIORY THEATRE COMPANY RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MAY 2024 2024 2023 eceipts 163,922 120,993 irect costs (87,872) 76,050 (58,685) 62,308 verheads (71,495) (59,137) urplus for Ihe year 4.555 3,171
PRIORY THEATRE COMPANY STATEMENT OF ASSETS AND LIABILITIES AS AT 31 MAY 2024 2024 2023 F.D ASSETS chc)Id property provements to property rniture and fJx¢ures 168.000 141,154 3,748 168,000 150,836 5,893 312,902 324,729 RRII NT ASSETS sh at bank sh in hand epayments and Aecrned income 17,144 808 2.605 2,091 1.565 119.231 808 1,719 r stocks 1,458 124,213 123.216 URRFNT I.IABII.ITITr S ade creilitors LLruals and deferrcd income 1,447 1.763 AT 16,091 115,7741 108,439 (11,1.59) 92,057 ET CURRENT ASSETS 421,341 416,786 nds and reserves encral fund on- distributable reserves 282,260 139.081 421,341 277.705 139,081 416,786 pproved th .&G.-9-.2.14. & signed on thcir behalf by R Evans Main
PRIORY THEATRE COMPANY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024 ccounting policies ,,financial statements have been prepared under the histoiical cost convention, as modified by the luation of assels. and are in accordance wilh applicable accounting Standards and thc Charitics unting Statement of Recommended Practice (SORP). The financial statements have been prepared r FRS102 section IA "small entiues." Tev und '.principal accounting policies adopted are listed below: 'Il expenditure is accounted for excluding value added tax. and when incurred. irect charitable expenditure includes the direct costs of the activities. ther expenditure ¢omprises service costs incurred in Support of the Charity's Work. eehold property is 51aled at market value in 2001 approximaiely. b) d) rustees, Expenses xpenses were reimbursed in 2024 (2023 - £nil}. ruste¢ received remuneration. ixed Assets - Freehold Property Theatre Library Total ST June 2023 31 May 2024 Al 120,000.00 48,000.00 168,000.00 120,000.00 48.000.00 168,000.00 an PRECIATION l June 2023 31 May 2024 At T BOOK VALUE l May 2024 At 120,000.00 48,000.00 168,000.00 At 31 May 2023 120,000.00 48,000.00 168.000.00 t or valuation at 31 May 2024 is represented by: Freehold Property aluation prior to 2002 139.081 28.919 168,000
PRIORY THEATRE COMPANY DETAILED RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 MAY 2024 2024 2023 COME x office x uifice charity Dights ffet sales charity nights 87.743 4,527 73,969 54 31.070 6.834 5.653 37.918 6,820 18,501 5.000 1,771 1,304 338 163,922 creams catre and outside hires nalions bscriptions nk intere8t iscellaneous 1,699 239 575 120,993 IRECT COSTS i eonslruction ompliance ulside hires costs uffei expense Clnights ograrnmes dvertising ound and music lay licences ropertie8 ardrobe and costumes ighting ar purchases e creams cripts Oth Birthday 14,999 16,104 11.760 17,863 160 1,250 6.571 2,114 1.646 129 3,632 843 16,940 2.392 711 4,434 58,6115 1,345 3.911 5.392 2,410 820 3,786 3.541 18.518 2,465 2.821 87,872
PRIORY THEATRE COMPANY DETAILED RECEIFfs AND PAYMENTS FOR THE YEAR ENDED 31 MAY 2024 2024 2023 VERHEADS tationcry and printing 08tage leaning and refuse elcphone as and electric cpairs and TerLewals iscellaneous 104 1.860 60 4.430 5,278 765 35.422 5.098 i.ioo 3,243 1.475 2.845 284 22,832 1,825 873 2,850 1,525 1,506 713 llSUTances ater charges icences rofession fees epreciation rrecoverable VAT 4,053 11,828 6,136 12,155 1,731 59,137 71,495