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Registered number: 01448366
Charity number: 509251
pecs | wal ee NOTOG tHeEaTRE ons © OM PAN Y NTC Touring Theatre Company Ltd (a company limited by guarantee)
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
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“Purveyors of wondrous, magicalperformances to awkward and unusual places.”
-Audience Feedback
STEPHENSON COATES AUDIT LIMITED
Chartered Accountants & Statutory Auditor West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD
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NTC Touring Theatre Company Ltd
(a company limited by guarantee)
Contents Year ended 31 March 2025
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|Reference|and|administrative|details|“b|
|Trustees’|report|2-7|
|Independent|Examiner's|Report|8|
|Statement|of financial|activities|(including|income|and|expenditure|account)|9|
|Balance Sheet|10|
|Notes|to|the|financial statements|11-17|
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NTC Touring Theatre Company Ltd
(a company limited by guarantee)
Reference and administrative details Year ended 31 March 2025
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|Registered|charity|name|NTC Touring Theatre Company|Ltd|
|Trading name|Northumberland|Theatre Company|
|Charity|registration|number|509251|
|Company registration number|1448366|
|Registered|office|The Dovecote Centre|
|Dovecote|Street|
|Amble|
|Northumberland|
|NE65|ODX|
|Trustees|Brunton,|K A (Appointed|27 January 2025)|
|Donnelly,|J|
|Greenhalgh,|C|(Appointed|27|January|2025)|
|Hambleton,|G|
|Harrison,|PM|
|Howson,|S|
|Hoy,|B|
|Morrison,|K|
|Directors|Brunton,|K A (Appointed|27 January 2025)|
|Donnelly,|J|
|Greenhalgh,|C|(Appointed|27 January|2025)|
|Hambleton,|G|
|Harrison,|PM|
|Howson,|S|
|Hoy,|B|
|Matthews,|LR|
|Morrison,|K|
|Independent|Examiner|Peter Alexander|BSc|
|Stephenson|Coates Audit|Limited|
|Chartered|Accountants|& Statutory|Auditor|
|West|2, Asama Court|
|Newcastle|Business|Park|
|Newcastle upon Tyne|
|NE47YD|
|Bankers|Lloyds|Bank plc|.|
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| NTC Touring Theatre Company Ltd ! (a company limited by guarantee) | Trustees’ Report (Incorporating the Directors Report)
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Year ended 31 March 2025
The Trustees’ present their report together with the unaudited financial statements of the charity for the year ended 31 March 2025. The financial statements are also prepared to meet the requirements for a directors’ report and accounts for the Companies Act purposes.
The financial statements comply with the Charities Act 2011, The Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102).
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Objectives and Aims
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake in order to further the charitable purposes for the public benefit. These activities are summarised below.
To make professional touring theatre of the highest quality accessible to those communities who are theatrically disenfranchised through geographic, economic, social or transport constraints, theatre which is made in Northumberland for a national audience, theatre which is accessible and relevant, is innovative and entertaining with integrity and humour. In addition to provide the highest quality training and support to new and emerging theatre practitioners in the region through on-the-job training opportunities.
For over 40 years, NTC has served as a beacon of artistic excellence in the North, bridging the gap between cultural provision and geographic isolation. Our aim remains simple but profound: to tell compelling stories, to inspire, and to build meaningful connections in villages, small towns, and communities across Northumberland and beyond.
Achievements and performance
This past twelve months saw the successful staging and touring of two productions:
“Sherlock Holmes and the Sting of the Scorpion” (Autumn 2024) — An original mystery by award-winning writer and NTC Trustee, Stewart Howson, based on the works of Sir Arthur Conan Doyle. The production benefitted from new music by Lucy Desbrow and assured directing from Alice Byrne (NTC Associate Artistic Director) and Louis Roberts (NTC Artistic Director). This production delivered a thrilling journey through the enigmatic mind of the legendary detective with a clever blend of suspense and deduction utilising the art of great storytelling and the judicious use of physical theatre. The show toured to 24 venues including community halls, schools, and churches.
- “Grimm Tales” (Christmas 2024) — yet again, NTC’s hallmark inventive staging was very much in evidence: ingeniously transforming modest village halls into immersive theatrical worlds for the night. Following a three-night premiere at The Durham Fringe Festival, the production garnered critical and audience acclaim during its Winter tour across the North East and Scottish Borders.
“Inventive, brilliant, and so “family friendly” - a great take on lots of Grimm fairy tales. The : children loved it, as did all the adults. The talent is astoundingfrom the players. PLEASE support : these fantastically talented actors.” -Audience Feedback for Grimm Tales
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NTC Touring Theatre Company Ltd
(a company limited by guarantee)
Trustees' Report (Incorporating the Directors Report) (continued)
Year ended 31 March 2025
Achievements and performance (continued)
Our productions reached over 6,000 audience members this year, many of whom had never attended a professional theatre production before. We are proud to say that over 65% of our venues were located in rural or underserved areas.
Community engagement
Our impact goes beyond performance. This year, NTC delivered:
A home for the much-needed Community Banking Hub.
Our monthly community cinema with an average audience of around 25, which continues to be a success. In partnership with Dovecote Street Arts & National Landscapes, a two-week fine art exhibition, which also engaged a poet and produced a nationally recognised book of poetry and images. On the strength of this, with have converted one room in the building into a hireable gallery space. In partnership with Dovecote Street Arts, we also deliver a monthly Art Crit which brings together many creative disciplines for lively discussion and mutual appreciation. .
We have provided a home for the Harbour Lights Choir, Amble and Warkworth WI, as well as regular exercise classes and have also provided a space for filming, photography and a polling station.
These programmes and activities continue to foster a love of culture and a sense of ownership and belonging within the communities we serve, as well as providing income towards the company’s core objectives.
Strategic developments
This year, the Board undertook a strategic review, which has led to the adoption of three key priorities for the
coming three years:
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Sustainability — both financial and environmental, aiming to reduce the carbon footprint of our touring operations and our venue, the Dovecote Centre.
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Representation — ensuring our stories reflect the diversity and richness of rural life in modern Britain.
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Resilience — strengthening our organisation’s capacity to adapt and thrive in a shifting arts landscape.
Future developments
As we look to the year ahead, we are excited to embark on new rural tours of the two adaptions of Robert Louis Stevenson: “The Body Snatcher” and “Jekyll and Hyde”, and a new adaptation for Xmas 2025 - the family friendly classic tale “Rumpelstiltskin” as well as a second shorter, small to mid-scale theatre tour of our successful Sherlock Holmes original in early 2026. Hand in hand with touring, we will expand our partnerships with local schools and community centres. We remain committed to our founding vision—that no community is too small for great theatre. In the Dovecote Centre, we expect to continue providing a community cinema, rehearsal spaces for the Harbour Lights Choir, and a home for the Amble and Warkworth WI. We expect Dovecote Street Arts to continue to run their extremely popular monthly Art Crits as well as mounting several exhibitions in our newly created gallery space and the creation of Amble Collage Collective. We are also going to be providing a surgery space for Amble’s Northumberland County Councillors.
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NTC Touring Theatre Company Ltd
(a company limited by guarantee)
Trustees’ Report (Incorporating the Directors Report) (continued) Year ended 31 March 2025
Future developments (continued)
At the end of this, my first full year, I feel the need to thank again the staff, the Board of Trustees, volunteers and the audience for walking this journey with me.
None of our achievements would be possible without the dedication of our small but mighty staff team, our talented freelance actors, our Board of Trustees, our volunteers and, crucially, our audiences and supporters. You keep rural theatre alive with your presence, your voices, and your belief in what we do.
Public Benefit
The directors and management are committed to providing a public benefit and have considered the Charity Commission's guidance in this area. The Company's principal business is to make high-quality professional theatre accessible to those in theatre-less zones, theatre with a broad appeal, affordable ticket prices and which engages new audiences. Through its training opportunities, to provide education and skills in the performing arts to anyone over 18 in the region at no cost.
In addition, this professional training benefits public audiences and the wider community when the trainees enter the profession full-time.
In summary, NTC Touring Theatre Company Ltd.'s beneficiaries are appropriate to its aims and the public benefits from its work. Benefits are evidenced and relate directly to its aims. The trustees do not consider that any detriment or harm flows from its work.
Volunteers
We have a small but growing group of volunteers that help run the community cinema, staff the theatre productions, steward the art exhibitions, and clean up the grounds (weeding and clearing). A small group have helped rationalise our huge wardrobe. These volunteers are essential to the running of any small charity.
FINANCIAL REVIEW
Financial Position
Despite a challenging funding landscape, we have maintained a stable financial footing through a blend of Arts Council support, earned income, and generous donations from individual supporters. Ticket sales accounted for 15% of our income, and 82% from fundraising efforts. The remaining came from public donations.
We are grateful for the continued support from Northumberland County Council, Arts Council England, and charitable trusts. Their commitment underpins our ability to reach those who might otherwise be left out of the cultural conversation.
Reserves Policy
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The trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charity : costscommission,relatingandto staffit is theand company'sproperty, wereaspirationalthe companyaim tounable have threeto continuemonths'operating.reservesTheto supportreservescessationpolicy is : revisited annually.
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| NTC Touring Theatre Company Ltd
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(acompany limited by guarantee)
Trustees' Report (Incorporating the Directors Report) (continued) Year ended 31 March 2025
Going Concern
The Trustees constantly review funding opportunities and will continue to accelerate its service delivery in order to meet the needs of its beneficiaries and anticipate continued growth into 2025/26.
Principle Risks and Uncertainties
The principal risk to the charity is short-term grant funding and restricted income sources. The change in funding priorities may impact the charity’s ability to meet a growing demand for services in the future. Whilst there are more opportunities for core funding, these are limited as a result of the competitive nature of these funding posts due to cost-of-living pressures.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Company is a charitable company limited by guarantee incorporated in England as the Northumberland Theatre Company Limited on 13th September 1979, was established under a Memorandum of Association which established the objects and powers of the. company and is governed under its Articles of Association. The company name was changed to NTC Touring Theatre Company Ltd on 11 April 1994.
The Board of Trustees meet quarterly to review the organisation and discuss action required for the future. The Audit Committee and Employment and Finance Committee meet twice yearly to ensure the smooth running of the organisation. The Building Committee meet as and when required. The Artistic Director is entrusted with the day-to-day running of the company and is responsible for delivering the services specified.
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NTC Touring Theatre Company Ltd
(a company limited by guarantee)
Trustees' Report (Incorporating the Directors Report) (continued)
Year ended 31 March 2025
Decision Making
The organisation is governed by a Board of Directors, which consists of nominated members. The Board is responsible for the management and control of the Charity and overall direction of its work. Directors are also appointed as Trustees of the Charity. The day-to-day operations of the charity are overseen by the Charity Manager who is reportable to the Charity Chair.
The Directors have the power to co-opt new Directors as set out in the Memorandum and Articles of Association. The Trustees, who are also the Directors for the purpose of company law, and who served during the year were:
Birkett, J Resigned 19 June 2024 Brunton, KA Appointed 27 January 2025 Donnelly, J Greenhalgh, C Appointed 27 January 2025 Hambleton, G Harrison, P M Howson, S Hoy, B Matthews, LR Director only McDermott, J Resigned 18 June 2024 Morrison, K Styring, R Resigned 17 June 2024 Traynor, K Resigned 29 April 2024 Weir, C Resigned 7 May 2025
Exemptions from Disclosure
There are no exemptions from disclosure.
Funds Held as Custodian Trustee on Behalf of Others
There are no funds held as Custodian Trustee on behalf of others.
Major Risks
Major risks have been reviewed and systems or procedures have been established to manage those
Policies and Procedures for Induction and Training of Trustees
The charity recognises that an induction programme ls vital to ensure they understand the work, demands and requirements of their role. All Trustees:
© Receive links to key documents and have access to all policies and procedures of the organisation, : their purpose and implementation. This includes general organisational policies, organisational chart, : board skills and experience, minutes of meetings, charity commission guidance, i.e., the essential trustee
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NTC Touring Theatre Company Ltd
(a company limited by guarantee)
Trustees' Report (Incorporating the Directors Report) (continued) Year ended 31 March 2025
Policies and Procedures for Induction and Training of Trustees (continued)
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e Receive training relevant to their role, responsibilities and individual needs. This includes Safeguarding, Health and Safety, Employment Law, Diversity and Inclusion, Financial Management
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e Trustees are kept up to date with regards to organisational developments, alongside updates from regulators and partners.
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e Annual appraisal and opportunities for mentoring and training.
Statement of Trustees' responsibilities
The Trustees, who are also the Directors for the purpose of company law, are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these accounts, the Trustees are required to:
- e Select suitable accounting policies and then apply them consistently;
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- e Observe the methods and principles in the Charities SORP;
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- Make judgements and estimates that are reasonable and prudent; and
e Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time, the financial position of the charitable company, and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company, and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small Company Provisions
: This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemptions.
The Trustees’ annual report was approved on 21 August 2025 and signed on behalf of the Trustees by:
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J Donnelly
Chair of th¢ Board of Trustees . ,
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NTC Touring Theatre Company Ltd
(accompany limited by guarantee)
Independent Examiner's Report to the Trustees of NTC Touring Theatre Company
Ltd Year ended 31 March 2025
I report on the financial statements for the year ended 31 March 2025, which comprise the statement of financial activities (including income and expenditure account), balance sheet and the related notes to the accounts.
Responsibilities and basis of report
As the charity trustees of the company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination, I have followed the Directions given by the Charity Commission under - section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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e accounting records were not kept in respect of the company as required by section 386 of the 2006 Act and, in any other case, section 130 of the Charities Act 2011; or
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e the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
e the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.
Peter AlexandekBSc Stephenson Coates Audit Limited Chartered Accountants West 2, Asama Court Newcastle Business Park Newcastle upon Tyne NE4 7YD
Date: 21 August 2025
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NTC Touring Theatre Company Ltd
(a company limited by guarantee)
Statement of Financial Activities (Including Income and Expenditure Account) Year ended 31 March 2025
| Note | 2025 | 2024 | |||
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| Unrestricted | |||||
| funds | Restrictedfunds | Totalfunds | Totalfunds | ||
| £ | £ | £ | £ | ||
| Income and endowments | |||||
| Donations and legacies | 18,055 | - | 18,055 | 4,156 | |
| Tradingoperations | 35,109 | - | 35,109 | 48,262 | |
| Investment income | 16 | - | 16 | 33 | |
| Charitable activities | - | 59,098 | 59,098 | 51,455 | |
| Totalincome | 3 | 53,180 | 59,098 | 112,278 | 103,906 |
| Expenditure | |||||
| Charitable activities |
110,586 | 36,100 | 146,686 | 126,924 | |
| Governance costs |
2,949 | - | 2,949 | 4,888 | |
| Totalexpenditure | 4 | 113,535 | 36,100 | 149,635 | 131,812 |
| Net (expenditure)/ income | (60,355) | 22,998 | (37,357) | (27,906) | |
| Funds broughtforward | 70,858 | 10,140 | 80,998 | 108,904 | |
| Totalfundscarriedforward | 14 | 10,503 | 33,138 | 43,641 | 80,998 |
The statement of financial activities includes all gains and losses recognised in the year. Allincome and expenditure derive from continuing activities.
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The notes on pages 11 to 17 form part of these financial statements.
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NTC Touring Theatre Company Ltd
(a company limited by guarantee)
| NTC Touring TheatreTouring Theatre Company LtdLtd (a companycompany limited by guarantee) |
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| Balance Sheet As At31 March 2025 | |||
| Note | 2025 | 2024 | |
| £ | £ | ||
| FixedAssets | |||
| Tangibleassets | 9 | 102,601 | 108,442 |
| Current Assets | |||
| Debtors | 10 | 5,920 | 5,464 |
| Cash atbankand in hand | 27,526 | 19,374 | |
| 33,446 | 24,838 | ||
| Creditors: amountsduewithinoneyear | 11 | 27,973 | 10,853 |
| Net current assets | 5,473 | 13,985 | |
| Totalassets lesscurrent liabilities | 108,074 | 122,427 | |
| Creditors: amountsdueafteroneyear | 13 | (64,433) | (41,429) |
| Net assets | 43,641 | 80,998 | |
| CharityFunds Unrestrictedfunds |
10,503 | 70,858 | |
| Restrictedfunds | 33,138 | 10,140 | |
| 16 | 43,641 | 80,998 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for:
a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
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b) preparing financial statements which give a true and fair view of the state of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395, and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relatingto small charitable companies.
The notes on pages 11 to 17 form part of these financial statements.
The financial statements were approved by the Board of Trustees on 21 August 2025 and signed on their
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: behalf by:
) Chair of the Board of Trustees
: J Donnel 7
: Company number: 01448366
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Notes to the Financial Statements Year ended 31 March 2025
| charity in England and Wales. The address and Wales. The address Wales. The address The address address of the registered the registered registered office is The The Dovecote Centre, Dovecote Street, : Amble, Northumberland, NE65 ODX. ODX. :/ The£1, as company may be requiredis limited inin the that event every of member the company undertakes being to wound contribute up while such heamount, or she is notamember, exceedingor / within 12 months afterwards, towards the cost of dissolution and the liabilities incurred by the | company while the contributor was a member. : 2. Accounting Policies : 2a. Basis of Accounting The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been : prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard : applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Charities Act 2011, the | Companies Act 2006, and UK Generally Accepted Practice.
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NTC Touring Theatre Company Ltd
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(a company limited by guarantee)
1. General Information
The charity is a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address and Wales. The address Wales. The address The address address of the registered the registered registered office is The The Dovecote Centre, Dovecote Street, Amble, Northumberland, NE65 ODX. ODX.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity, and rounded to the nearest £1.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2b. Income
All incoming resources are included in the Statement of Financial Activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
/ Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. : Investment income is included when receivable.
| 2c. Expenditure : Expenditure is recognised whena liability is incurred. Funding provided through contractual agreements and performance-related grants is recognised as goods or services are supplied. Other grant payments are : recognised when a constructive obligation arises that results in the payment being unavoidable. : Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred : in trading activities that raise funds. : Governance costs include those incurred in the governance of its assets and are primarily associated : with constitutional and statutory requirements.
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NTC Touring Theatre Company Ltd (a company company limited by guarantee) guarantee) Notes to the Financial Statements (continued)
(a company company limited by guarantee) guarantee)
Year ended 31 March 2025
2c. Expenditure (continued)
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating office property costs by floor areas, management and human resources costs by the number of staff, and finance and IT costs by work done.
2d. Taxation
The charity is an exempt charity within the meaning of Schedule 3 of the Charities Act 2011, and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010, and therefore it meets the definition of a charitable company for UK corporation tax purposes.
2e. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
- 2f. Tangible Fixed Assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. .
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows: Fixtures and Fittings 20% Straight line Motor vehicles 20% Straight line Freehold property 2% Straight line
2¢.Debtors and Creditors Receivable/Payable Within One Year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
2h.Cash at bank and in Hand
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Cash at bank and in hand includes cash and instant access bank accounts.
- 2i. Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past : event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
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NTC Touring Theatre Company Ltd
(a company limited by guarantee)
Notes to the Financial Statements (continued) Year ended 31 March 2025
2). Pensions
The charitable company has pension contributions under a defined contribution auto enrolment arrangement.
2k. Financial Instruments
The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
2. Preparation of the Accounts on a Going Concern Basis
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure are sufficient with the level of reserves for the charity to be able to continue as a going concern.
2m.Donated Services and Facilities
No amount is included in the financial statements for volunteer time in line with the SORP. Further detail is given in the Trustees’ Annual Report.
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|3.|Income|and|Endowments|
|Unrestricted|Restricted|Total|Total|
|funds|funds|2025|||2024|
|Voluntary|income|
|Donations & grants|17,488|-|17,488|3,559|
|NTC|Friends|subscriptions|567|-|567|597|
|18,055|-|18,055|4,156|
|Trading|operations|
|Box|office|income|14,248|-|14,248|18,699|
|Premises|hire|5,351|-|5,351|1,677|
|Theatre tax|relief|15,510|-|15,510|22,992|
|Small claims|refund|-|-|-|4,894|
|35,109|-|35,109|48,262|
|Investment|income|
|Bank|interest|received|16|-|16|33|
|Charitable|activities|
|Charitable|activities|-|59,098|59,098|51,455|
|-|59,098|59.098|51,455|
|Total income|53,180|59,098|112,278|103,906|
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(a company limited by guarantee)
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Notes to the Financial Statements (continued) Year ended 31 March 2025
4. Analysis of Expenditure on Charitable Activities
| Unrestricted funds |
Restricted funds |
Total 2025 |
Total 2024 |
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| Charitable activities | ||||
| Projectcosts | 38,690 | 8,400 | 47,090 | 37,339 |
| Staffing costs | 28,552 | 25,580 | 54,132 | 50,668 |
| Travellingexpenses | 4,647 | - | 4,647 | 2,309 |
| Premises costs | 17,890 | - | 17,890 | 15,972 |
| Office runningcosts | 4,063 | - | 4,063 | 4,036 |
| Consultancy | - | - | - | 567 |
| Repairsand maintenance | 8,867 | 2,120 | 10,987 | 2,805 |
| Generalexpenses | 2,036 | - | 2,036 | 808 |
| Depreciation | 5,841 | - | 5,841 | 12,419 |
| 110,586 | 36,100 | 146,686 | 126,923 | |
| Governance costs | ||||
| Professional fees Bankcharges |
1,634 373 |
- - |
1,634 373 |
3,200 730 |
| Loan interest | 942 | - | 942 | 958 |
| 2,949 | - | 2,949 | 4,888 |
5. Trustees' Remuneration and Benefits
There were no Trustees’ remuneration or other benefits for the year ended 31 March 2025 (2024: Enil). The key management personnel of the charity comprise the trustees and the charity manager who was appointed post year end. The total employee benefits (excluding employer pension costs) of the key management personnel of the Trust were Enil (2024: Enil).
6. Staff Costs
| Staff CostsCosts | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Grosswagesand salaries | 52,351 | 48,503 |
| Employers NationalInsurance | - | 630 |
| Employers Pension Contributions | 1,781 | 1,535 |
| 54,132 | 50,668 |
The average number of employees during the year was 5 (2024: 5) with all employee time involvedin providing either direct charitable services, support to the governance of the charity or support services to charitable activities. No employee received employee benefits of more than £60,000 during the year (2024: £nil)
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NTC Touring Theatre Company Ltd (a company limited by guarantee)
Notes to the Financial Statements (continued) Year ended 31 March 2025
7. Net Movement in Funds
Net movement in funds is stated after charging:
| 2025 | 2024 | ||
|---|---|---|---|
| . | |||
| £ | £ | ||
| Depreciation | 5,841 | 12,419 |
8. Independent Examiner's Remuneration for the Year
The independent examiner's remuneration amounts to an independent examination fee of £1,500 (2024 - £3,300). This includes preparation of the financial statements.
9. Tangible Fixed Assets
| Tangible Fixed AssetsAssets | Motor | Equipment | Total | ||
|---|---|---|---|---|---|
| Property | vehicles | and fixtures | 2024 | ||
| Cost | |||||
| As at 1April2024 | 110,032 | 14,995 | 36,102 | 161,129 | |
| As at31 March 2025 | 110,032 | 14,995 | 36,102 | 161,129 | |
| Depreciation | |||||
| at1fp2024 Charge fornn Asat31 March 2025 |
8,230 2,200 10,430 |
8,997 2,999 11,996 |
35,460 642 36,102 |
52,687 5,841 58,528 |
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| Net bookvalue | |||||
| As at31March 2025 | 99,602 | 2,999 | - | 102,601 | |
| As at 31 March 2024 | 101,802 | 5,998 | 642 | 108,442 | |
| 10. | Debtors | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Trade debtors | 615 | - | |||
| Accrued income | 5,043 | 4,924 | |||
| Otherdebtors and prepayments | 262 | 540 | |||
| 5,920 | 5,464 | ||||
| 11.Creditors: | 11.Creditors: Amounts falling due withinoneyear | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Trade creditors | 647 | 718 | |||
| ’ | Bank loan | 15,000 | 5,000 | ||
| Othercreditorsand accruals | 5,535 | 3,200 | |||
| Taxes and socialsecurity | 1,791 | 1,935 | |||
| Deferred income(note12) | 5,000 | - | |||
| 27,973 | 10,853 |
10. Debtors
11.Creditors: Amounts falling due within one year
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NTC Touring Theatre Company Ltd
(a company limited by guarantee)
Notes to the Financial Statements (continued) Year ended 31 March 2025
12.Deferred Income
| 12.Deferred Income | ||||
|---|---|---|---|---|
| Under1year | year | Total | ||
| £ | £ | |||
| At1April2024 | - | - | ||
| Additions during theyear | 5,000 | 5,000 | ||
| Released to the statement of financial activities | - | - | ||
| At31March2025 | 5,000 | 5,000 |
Deferred income is money received in advance for future specific events.
13.Creditors: Amounts falling due after one year
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| Bank loan | 26,933 | 32,429 | |||
| Otherloans | 37,500 | 9,000 | |||
| 64,433 | 41,429 | ||||
| Analysis ofcharitable funds | |||||
| At 1April 2024 |
Income | Expenditure | At31 March 2025 |
||
| Unrestricted | |||||
| Generalfund | 70,858 | 33,640 | (68,233) | 36,265 | |
| . | |||||
| Restricted | |||||
| Northumberland CC | 5,300 | 2,958 | (2,120) | 6,138 | |
| NorthernAngelFund | 1,840 | - | (1,840) | - | |
| Jospeh StrongFraserTrust | 1,000 | - | (1,000) | - | |
| GarfieldWeston Foundation | 2,000 | 10,000 | (10,000) | 2,000 | |
| TheArts Council | - | 8,400 | (8,400) | - | |
| Alnmouth Arts Festival | - | 240 | (240) | - | |
| TheBarbour Foundation | - | 10,000 | (10,000) | - | |
| TheJoiceyTrust | - | 2,500 | (2,500) | - | |
| Other trusts &foundations | - | 25,000 | - | 25,000 | |
| 10,140 | 59,098 | (36,100) | 33,138 | ||
| 80,998 | 92,738 | (104,333) | 69,403 |
14. Analysis of charitable funds
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NTC Touring Theatre Company Ltd
(a company limited by guarantee)
Notes to the Financial Statements (continued) Year ended 31 March 2025
| 14. Analysis ofcharitable funds(continued) | 14. Analysis ofcharitable funds(continued) | 14. Analysis ofcharitable funds(continued) | ||||
|---|---|---|---|---|---|---|
| At | 1 April 2023 |
Income | Expenditure | At31 March 2024 |
||
| Unrestricted | ||||||
| Generalfund | 96,904 | 52,451 | (78,497) | 70,858 | ||
| Restricted | ||||||
| The Adderstone Foundation | 6,000 | 1,000 | (7,000) | . | ||
| / | Northumberland | cc | - | 5,300 | - | 5,300 |
| : | Northumberland | cc | - | 1,315 | (1,315) | - |
| CarrollSavage | - | 2,300 | (2,300) | |||
| : | 1989 Wiliian Trust | - | 10,000 | (10,000) | - | |
| NorthernAngelFund | - | 1,840 | - | |||
| RayWind Farm CIC | - | 1,450 | (1,450) | - | ||
| SirJames KnottTrust | 5,000 | - | (5,000) | |||
| / | Joseph Strong Fraser Trust | 1,000 | 1,000 | (1,000) | 1,000 | |
| TheArtsCouncil | - | 15,000 | (15,000) | |||
| Hadrian Trust | - | 1,000 | (1,000) | . | ||
| / | Garfield Weston Foundation | - | 10,000 | (8,000) | 2,000 | |
| : | Capheaton Parish |
Council | - | 250 | (250) | . |
| AmbleTown Council | - | 500 | (500) | - | ||
| 7 | TheSmith Charitable Trust | - | 500 | (500) | - | |
| 12,000 | 51,455 | (53,315) | 10,140 | |||
| 108,904 | 103,906 | (131,812) | ||||
| L | 15.Analysis ofnetassetsbetween | betweenfunds | ||||
| Unrestricted | Restricted | Totalfunds | Totalfunds | |||
| funds | funds | 2025 | 2024 | |||
| i £ £ 3 £ |
||||||
| 7 Tangiblefixed assets 102,601 - 102,601 108,442 |
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| Current assets | 25,308 | 8,138 | 33,446 | 24,838 | ||
| Current liabilities | (22,973) | (5,000) | (27,973) | (10,853) | ||
| Non-current liabilities | (64,433) | - | (64,433) | (41,429) | ||
| 40,503 | 3,138 | 43,641 |
' 16. Related Party Transactions
There were no transactions undertaken by, or on behalf of the company, in which a member of the board of directors or connected person had a material interest, during the financial year ended 31 March 2025.
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