CHADS Theatre Company Charity No. 507253 Trustees’ Report and Unaudited Accounts Year ending 30 June 2024 Charity No. 507253 CHADS Theatre Company Contents Trustees’ Annual Report ............................................................................................................................................... 3 Independent Examiner’s Report .................................................................................. **Error! Bookmark not defined.** Receipts and Payments ................................................................................................................................................. 7 Statement of Assets and Liabilities ............................................................................................................................... 9 Page 2 of 10 Charity No. 507253 ## CHADS Theatre Company ## Trustees’ Annual Report The trustees’ present their report with the unaudited financial statements of the charity for the year ended 30 June 2024 ## REFERENCE AND ADMINISTRATIVE DETAILS CHADS Theatre Company was registered with the Charity Commission as a charity under the name of the Cheadle Hume 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. McHugh – Honorary Treasurer (Retired July 2023) P Birch – Honorary Treasurer (Appointed July 2023) PR. Burt- Finance Chairman A. Quaife – Honorary Secretary Accountants Jean Lunt MAAT Balanced Creations Ltd 50 Sandstone Drive Whiston L35 7NJ Independent Examiner: Rev’d. A. A. Clements MA, ACIB, FCIE. 15 Carleton Road Great Knowley Chorley PR6 8TQ Bankers: Page 3 of 10 Charity No. 507253 National Westminster Bank 34 High Street, Cheadle Cheshire SK8 1AF ## CHADS Theatre Company 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 Educating Rita. A full season of six main stage plays was produced and 2 studio productions. We finished the season with An Ideal husband. The last night was a gala evening with some audience members dressing up in costume. Our onstage success has been recognised by Greater Manchester drama Federation (GMDF) with 7 nominations in the Full-length Festival, including two for technical. We were successful with one of the technical awards. We stopped doing three socially distanced performances on the last Saturday of the run. The 2022/23 season AGM was held on 23[rd] July 2023.Representativesmembers for all committees were elected except for the Technical Co-Ordinator for the following season 2023/24 season. The executive and other committees, where required, have continued to meet on regular basis during the 2023/24 season. The youth Theatre currently remains suspended. Stockport M.B. C’s Inspection of the kitchen and bar operations gave us top rating for food and beverage hygiene. Our Membership numbers have reduced slightly to 118. The 2023-24 season AGM was held on 1st August 2024. Our goal of moving to CIO was progressed during the year. A CIO has been registered for Chads Theatre Company and at the AGM on 1/8/2024 the membership of Chads Theatre Company charity agreed the resolution to transfer all of its assets to the CIO. The resolution is shown below. _“In accordance with Chads Rule number 27, it is agreed to dissolve Chads Theatre Company, the unincorporated charity (registration number 507253), at a date to be determined by the trustees, and to transferal of the assets to Chads Theatre Company, the charitable incorporated organisation (registration number 1208691)_ The resolution was passed with a show of hands. There was no abstention. Stephen Pratt stepped down as Chairman at the AGM and Margaret Hutt was voted into the position for the 2024//25 season ## STRUCTURE, GOVERNANCE AND MANAGEMENT The Trustees are the Chairman, the Honorary Secretary, the Finance Chairman 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 the communications we continue to use a WhatsApp group for the executive. Any decisions made in that group are recorded as an addendum to the next executive meeting minutes. Page 4 of 10 Charity No. 507253 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 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. We will continue to progress to completion the move of the Charity to a CIO. 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 and signed on their behalf by S Pratt, Chairman Page 5 of 10 Lh&ity No. 5vi£J) CHADS Theatre Compan) Jnd¢pendeni Examiner's Report Lharitses Act 2UI I Inthpendent Examiner's Report to the "I ru$t¢¢s of Cliads -rkn.alrc Conipany. No. 507253. 1 report on thc accounts of thc harity for th¢ ylar Cjmled 30 Jwie 2024 wl)J¥l) t+et oul on pag¢s 7 to l O Responsibilitics and b&sis 0[￿pOrt As Ili¥ ¥I￿)Iv ttuslers orth¢ Trusl, you &re rtr8pon8iblL ffjv IhL' pfLp#rnlion of the aLcoui)i$ in &ccurdanL¢ wilh the r¢(]UiTcments ofthe Chaniies Act 2011 I'the Act") l TeWTI in r¢bp¢d ofmy cxaminaliun ofthe Tr￿1.% ￿LOUnts Larri¢d oul undcr.4eLlI(Jn 145 (Ifthe 21)1 I ALI ond iii cerrying out my examination, I havc followcd the applicable Direction$ Biven b)t tlie (Thanly C'ommission under section 145{SXb) ofih¢ A¢1. Independenl exJTnincrfs statement Iithv¢ ¢iJinplLlud In). LXth)Inuli(>ii l confirn) ihyl no inulLrial niallLf%114ive wii)L lo li)* all¢iilioii 11) kvJ)n¢¥livn wid) die cxominalion w￿.Ch gives me cawse to believe that In, any material r¢sp¢ct accounting records were nDI kept in accordance with seclion IJO olthe Act or lh¢ aLLuwils' i￿1 #Lu)rd with I1￿ aLwunliiig r¥Lurd I have no concenis hilVL come aLTOSS no oiTher mAIILf4 in Loni)Lelion wilh Ihc e¥amiiialinn lo ivliich attention should be drawn 11) oTdei lo ¢i)uble u PlUP*l widL'rbLwidiii& i)r IliL uLLowils Iv bL rLUIliLLI. Rev'd A. A C.leine77Lq MIK ACIB. FCIE. Fellow of1￿ AJJo¥iu1i￿ ofcharily Ind¢wid¥'ni EAamin¢r¥ 15 CaTlelon Road Cjreal Knowl¢y PR6 8TQ Page6ot' io Charity No. 507253 CHADS Theatre Company ## Receipts and Payments for the period 1 July 2023 to 30 June 2024 Unrestricted Restricted Endowment This Year Last Year to nearest £ to nearest £ to nearest £ to nearest £ to nearest £ ## **Income** |**Income **|||||||||| |---|---|---|---|---|---|---|---|---|---| ||||||||||| |Bar income|23,797|
|-|||












|23,797||17,627| |Teas & Coffees|1,902|






|-|




|||1,902|





|1,418| |Members lunches|-||-||||-||-| |Subscriptions|3,210||-||||3,210||3,285| |Tuition Fees (Youth Group)|-||-||||-||-| |Carpark|5,460||-||||5,460||4,859| |Donations and fundraising|3,853||-||||3,853
1,506||3,520
2,241| |Gift Aid|1,506||-||||||| |Presidents Fund|-||-||||-||592| |Wardrobe Hire|2,868|


|-|
|||2,868|
|2,099| |Plays / Productions|59,595||-||||59,595||51,634| |Theatre Hire|3,698|
|-||||3,698||2,084| |Grants|2,000|
|-||||2,000||-| |VAT|-||-||||-||29| Page 7 of 10 Charity No. 507253 ||||||||||| |---|---|---|---|---|---|---|---|---|---| |Advertising Space|-||-||||-|
|

100| |Interest Received|444|

|-|
|||444|
|
232| |Other Income|155||-||||155||
-| |Sub total|108,488|
|-||||108,488||89,720| **Asset and investments** |Loans received from|||||||||| |---|---|---|---|---|---|---|---|---|---| |Members|||||||||| ||||||||||| ||||||||||-| |Loans received|-||-||||-||| ||||||||||| ||||||||||| |Sub total|||||||||| ||||||||||| ||||||||||| ||||||||||-| ||||-||||||| ||||||||-||| |Sub total|-||||||||| ||||||||||**89,720**| ||||||||||| ||||||||||| ||||||||||| ||||**-**||||
**108,488**||| |**Total Receipts**|**108,488**||||||||| **Payments** |Ground Rent|
25
||||
||
25||25| |---|---|---|---|---|---|---|---|---|---| |Rates|
58||||||
58||172| |Water|
2,485||||||
2,485||2,251| |Insurance|
5,431||||||
5,431||4,794| |Electricity|
20,067||||||
20,366||16,402| |Watse management|
1,381||||||
1,381||| |Telephone|
759||||||
759||1,162| |Postage & stationery|
-||||||
-||7| |Printing & Publicity|
5,921||||||
5,921||5,970| |Licenses|
240||||||
240||80| |Maintenance|
4,707||||||
4,707||3,670| Page 8 of 10 Charity No. 507253 6,066 10,333 1,535 636 1,772 1,254 0 9 4,936 - 1,520 1,914 3,567 5,416 1,402 1,747 23 1,876 |Stage Expenses|
10,333||||||
10,333||6,066| |---|---|---|---|---|---|---|---|---|---| |Subscriptions|
636||||||
636||1,535| |Front of House Expenses|
1,254||||||
1,254||1,772| |Sundry Expenses|
9||||||
9||0| |VAT|
-||||||
-||4,936| |Accountancy|
1,914||||||
1,914||1,520| |Royalties|
5,416||||||
5,416||3,567| |Scripts|
1,747||||||
1,747||1,402| |Bar Expenses|||||||||23| |Ticket Source fees|||||||||1,876| |Bank Interest Fees on loans|||||||||2,001| |Wardrobe Expenses|
558||||||
558||| |Presidents Funds|
372||||||
372||2,788| |Other|
34||||||
34||| |Bar Stock|
11,324||||||
11,324||8,364| |Sub Total|
74,671||||||
74,354||70,383| **----- Start of picture text -----**
Asset & Investment Purchases
Fixtures & Fittings - - - 1,034
Loan Repayments 20,711 - 20,711 10,740
Members Loans payments 15,580 15,580
Sub Total 36,291 36,291 11,774
110,962 110,962 82,157
Total Payments
-
**----- End of picture text -----**
Page 9 of 10 - 2,474 Total Profit/Loss 57,973 Total Fund Last Year **55,499** **Total Funds This Year** |Charity
- 2,474|No.



|507253
7,961| |---|---|---| |||| |57,973||50,012| |**55,499**||**57,973**| Other Monetary items Unrestricted Restricted Designated Total Bar Stock 1,550 1,550 ## **Charity Funds** |**Charity Funds**|| |---|---| |**Saver account**|**20,039.32**| |**Bar account**|**19805.65**| |**Cash in hand**|**981.65**| |**Total Cash at bank and in**
**hand**|**55,499.24**| Signed on behalf of all the trustees by: S. Pratt Chairman Date: Page 10 of 10