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CHADS Theatre Company Charity No. 507253

Trustees’ Report and Unaudited Accounts

30 June 2023

CHADS Theatre Company

Charity No. 507253

Trustees’ Annual Report ............................................................................................................... 3 Independent Examiner’s Report .............................................................................................. 6 Receipts and Payments ................................................................................................................. 7 Statement of Assets and Liabilities ........................................................................................ 9

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CHADS Theatre Company

Charity No. 507253

Trustees’ Annual Report

The trustees’ present their report with the unaudited financial statements of the charity for the year ended 30 June 2023

REFERENCE AND ADMINISTRATIVE DETAILS

CHADS Theatre Company was registered with the Charity Commission as a charity under the name of the Cheadle Hulme Amateur Dramatic Society on 24'" February 1978. Following subsequent amendments to its constitution it is now known as the CHADS Theatre Company.

Charity No. 507253

Principal Office:

CHADS Theatre Mellor Road Cheadle Hulme Greater Manchester SK8 5AU

Trustees:

The following Trustees served during the year: S. Pratt - Chairman M A McHugh – Honorary Treasurer PR. Burt- Finance Chairman A. Quaife – Honorary Secretary

Accountants/Independent Examiner:

Rev’d. A. A. Clements MA, ACIB, FCIE. 15 Carleton Road Great Knowley Chorley PR6 8TQ

Bankers: National Westminster Bank 34 High Street Cheadle Cheshire SK8 1AF

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CHADS Theatre Company

Charity No. 507253

The objective of the charity is to promote the advancement and improvement of general education in relation to all aspects of the art of drama and the development of public appreciation of such art. During the past year the Society has fulfilled the following activities in pursuit of this objective:

The Theatre returned to its usual opening month of September with Ladies in Lavender. A full season of six main stage plays was produced and 3 studio productions. A first for Chads was the unusual staging of She Stoops to Conquer. The stage was cleared completely. The first two rows of seats were taken out and the stage extended and the show was performed in the round with no furniture or set.
It was definitely a season of great variety both in subject matter and staging and it has resulted in 5 nominations for acting awards and one technical award nomination from Greater Manchester Drama Federation (GMDF)
We continued to have three socially distanced performances for each play. In fact this did not seem to make a difference to ticket sales and in future we will make all seats available for all performances.
The introduction of a matinee performance on the last Saturday has proved increasingly popular and will be retained for future seasons.
The AGM was held on 21[st] July 2022 via Zoom. Representative members for all committees were elected with the exception of the Technical Co-ordinator.
The Executive and other committees, where required, have continued to meet on a regular basis during the 2022/23 season.
We have continued the use of paid advertising on Facebook and use of other social media to engage with our wider audience. This is a very cost effective way of marketing.
The Youth Theatre currently remains suspended.
Our membership numbers remain stable at 124

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trustees are the Chairman, the Honorary Secretary and the Honorary Treasurer who are all members of the Executive Committee. The management of the Society and its funds are vested in this Executive Committee which also includes the President, the Artistic Coordinator, the Technical Co-ordinator, the Chairs of the Bar, Finance and Publicity committees together with three members elected at the Annual General Meeting. The Executive Committee meets on a minimum of five times per year. To aid with communications we introduced a WhatsApp group for the executive. Any decisions made in that group are recorded as an addendum to the next Executive meeting minutes.

It is considered that all the trustees and any others who could be considered as managers within the charity are deemed to be fit and proper persons under the terms of the Finance Act 2010.

The contents and obligations of the Equality Act 2010 and GDPR 2018 are known and

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CHADS Theatre Company

Charity No. 507253

complied with to the best of the Trustees ability. The Trustees recognize that in respect of Risk Assessment they accept the term 'risk' includes any circumstances that may, or do, have an adverse effect, and is wider than financial matters.

They have been observing the advice given by the Charity Commission in respect of Public Benefit and are conscious of their responsibility regarding fire and accident safety. An accident book is maintained. There is a protection policy in place with regard to children. Checks are made with the Disclosure and Barring Service in respect of persons dealing regularly with young people and vulnerable adults.

FINANCIAL REVIEW

The financial results of the Charity are presented on pages 7 to 9.

RESERVES POLICY

Reserves: The Society aims to maintain sufficient working capital for the purposes of the daily running of the Society and this is equivalent to three months of income. Any funds above this amount effectively constitute a reserve which is held against future requirements for capital investment. All funds are unrestricted income funds.

FUTURE PLANS

The Theatre is back into its routine of Play Selection, casting and performances. As reported last year a small team from the executive has been investigating the benefits and requirements of becoming a CIO. The findings will be put to the AGM in July 2023 and if supported by the membership we will continue to progress this objective. The Trustees are confident that the Society will generate sufficient future cash flows to both meet existing liabilities as and when they fall due and to continue with ongoing plans to enhance the theatre. This will be done by restricting all discretionary spend protecting existing reserves.

This report was approved by the Trustees on 13[th] and 14[th] March 2024 via email and signed on their behalf by S Pratt, Chairman

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CHADS Theatre Company Charity No. 507253 Independent Examiner's Report independent ExmiTherfs Report Charit$ Art 2011 Independent Examlrrfs Rep(wt to the Tvustees of Chads TIatre Company. No. 507253. 1 report on the accounts of the thanty for the year ended W Jur 2023 whKth are set out on pages 7 to 9. R•wnslbllltle¥ •nd b••l• ol rtyort As the chaniy trustees of the Trust, you are responsib fof the prwaw3tk>n rf the accounts In accordance with the reoulrernents of the Chartt$ 2011 fthe I report In re5pert of my examlnatkjn of the TnJsYs at<xxJnts Gryrrled out lr8eon 145 of the 2011 Act and in urying out my examlnatK)n. I have followed the Jpplicable Dlrecuons given by the Chadty Cornmis5ton under sectkjn 14515}Ibl of the ACL Indend•n¢ •x•mIn tst•rn• I have compltted my examinaiJoTh. I confirm that matedal mètt¢ts hove come to my attention in connettion with the exarninatknn whkth glves rre couse to belwe that in, any materl respea.. accountln9 records were not kept In accorda vith secthjn 130 of the Art or the accounts do aceonl wlth the rxctyJTrUng retovds I have no tonrerns and havemmeacross rK) other mattets In tonmÈttn virth the examlnatlon to whth attentknn shId be drown In order to enaljle • proper understandlng of the Jccounts trj be reathed. 'd. A. ¢l•m•nts ACI8, FCIE. Fellow of the As50cl•tlon of Chattty Independent exarnls*rs 15 Carleton Road Great Krwiley Chorfey PR6 8TQ DJte'. P•6ofg Page6of9

CHADS Theatre Company

Charity No. 507253

Receipts and Payments for the period 1 July 2022 to 30 June 2023

	Unrestricted funds	Restricted funds	Endowment funds	Total funds	Last year
	to the nearest £	to the nearest £	to the nearest £	to the nearest £	to the nearest £

Receipts
Bar income	17,627	-	-	17,627	11,017
Teas & Coffees	1,418	-	-	1,418	702
Members lunches	-	-	-	-	-
Subscriptions	3,285	-	-	3,285	3.731
Tuition Fees(Youth Group)	-	-	-	-	450
Carpark	4,859	-	-	4,859	3,793
Donations and fundraising	3,520	-	-	3,520	3,751
Gift Aid	2,241	-	-	2,241	-
Presidents Fund	592	-	-	592	1,210
Wardrobe Hire	2,099	-	-	2,099	1,396
Plays / Productions	51,634	-	-	51,634	37,357
Theatre Hire	2,084	-	-	2,084	3,389
Grants	-	-	-	-	2,667
VAT	29	-	-	29	-
Advertising Space	100	-	-	100	-
Interest Received	232	-	-	232	9
Other Income	-	-	-	-	240
*Sub total*	89,720	-	-	89,720	69,712

Asset and investment sales, (see table).
Loans received from members	-	-	-	-	-
Loans received	-	-	-	-	-
	-	-	-	-	-
*Sub total*		-	-	-	-

*Total receipts*	89,720	-	-	89,720	69,712

Payments
Ground Rent	25	-	-	25	25
Rates	172	-	-	172	187
Water	2,251	-	-	2,251	2,476
Insurance	4,794	-	-	4,794	4,655
Electricity	16,402	-	-	16,402	9,549
Youth Tutor	-	-	-	-	875
Telephone	1,162	-	-	1,162	1,031
Postage & Stationery	7	-	-	7	21
Printing & Publicity	5,573	-	-	5,573	3,173

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Charity No. 507253