Registered number 004648 Little Theatre IGatesheadl Limited (The) Report and Accounts 31 March 2022
Little Theatre (Gatèsheadl Llmlted IThel Report and accounts Contents Pag& Company Informat Trustees. report Independent Examinevs Report sment of Finanaal Activities Balance sheet NDtes to the a¢wunts
Little Theatre IGaie$headl Llmltsd IThel Company Infowmation Dlrectors and Yruste Mr R carrtherS- Cliairinaii 1i1cied as careiakertrea5urer betyveen 7JsDuary 202? and 30 January 20?71 Mr5 N D¢ni -Trea5ur¢r- re51gned 6 101? Mrs J CAmiiheYs- Treasurer- appoiiiied i l January ?0?? Mr E Collins S Dclark Mr M Swallo Mrs S Bertie Mr H Ptitch8rd S8CYotsry Mr5SDCla It)d8pendent Exomlnor T R Dixon &. Qo Ltd Chartered Certified Accountants l Dinsdale P¢ Tvne & Wear NE8 4JR Register•d thaiity rbumb•r 510742 Regi8tor•d office Little Theatre Saltwell View G81&5head NE8 4JS Reglstored numbor 00464(8 Country of In¢orporatlon Enyland
Llttle Theatre IGatesheadl Limitsd IThel Regi5ter¢d number: 510742 Tru5tees' Reptsrt Thetrustees pre.%ertttheirreportand accounrs fortheyearended 31 March ZO22 which areprepared ro meetthe requiremertts fora dirertois, reportand accounis for Companics Act purposes. The Finartiial statements comply wilh the Charities Act 2011. rhe CompaniesAct 2006.the Memorandu and Ariicles ofAs50ciation. and Arcouning4nd Reportingby Charities.. StateTnent of Relmmended Pr3Ctite applicable th charitles preparing theiraccounts inaccordance wirh the Financial Reporring Srandard applicjble in the RepublitoFlrÈ13rt11 IFRS 1021 Reference andAdmlnlstratlve Detai15 Details ron¢erlling the ¢haritynumberand company numberand re8lStered officeare disclosed on page l ofiheaccounts. Oblectlves of the Charjry Thecompany wasestabllshed as a charity to prornoie. rnaintain.irnproveand advanceeducarioll particularly by the produrtion aFedutatlonal plays and theencouragementofthe Arts includill8 rhe ai'ts of di'ama. minie. daiice. 51nging and music and to forrnulale. prepare and e5tabli5h 5rhemÈs therefore provided thatall objecES ofthe companyshall be ora charitable narure. StrliCture.Governance aTrd Manasemeut ThèéSrociorÉ 2nd trusièes In olC at the dale of this reportand who served during rheyegr&re 115ted OD page l. Tru.stees are apptsinted or reappointed annuallyattheAnnual General Meeiin Thedirecrors have no inreresis in the shares of Ihecompany. Trustees receive no beneftt rorthelrinvolvemenrin rhe running of ihecharity. Sumtnaryolthe Main AchievemetttsoftheCharSty durlJJ8tbe year Thehuilding ofthe rehearsal rooni wo now call The Studio was coniplcicd in July 2021 Ihavingsrartd irt january 20211. Thebuild was notwithout its difficultie5 bul ha5 been very5uccessful since itwas completed. Aswell 35 being used forplay readinggartd rehearsals It has been hlred out for soc]al events. showing films and as a gathering poinrfoi'school hires The main aim of the studio w&5 tQ 311ow rehearsals to tske place on Stage while J rehearsal orperformance went on on the sta8e- this has been achieved and each event can take place withoutdisturbing theother. Wesrarted using The Srudiostraightaw¥ywith the official openingon Ocrober Isi 2021 Thi5was a very su¢¢e5sful evenin Early in 2022 with the help of membpr trhp Rliie IAll•lwgrÈ rgfiirhlqhpd thg p2inllngnf rh• eyteriorof the building was bE¥urt. We had a very Successful ouiside booking- a parttomime In Decemberwlth Lee Brannlgan productton& We werepleased tvwelcome EveTrew'sTheaEre School in forluniorAnnie and hope io beable io host rhem again. Woare happy lo repDrtweve had 5tudEnts ID from a school who rehearsed and then puitheir showon in Ihe evenin We had 2 vislt fn)rn the Newcastle and Northiimberfand History Society who came for a tour of Ihetheatre and saw two filn15- tlie ?Sih AnTriver&iry film and a film aut Our L969 produLtiOrtofThe Shlfting Hoai'i. Wechanged yearend a¢¢ountant in july 2021- weare nowwith Leanne Cook Accoullnng For thcyear end a¢¢ourtts workand T R Dlxon & Co Ltd forthe prepardiion and issue of iheexaminers report required by IheChariiiesCommis510n.
Little Theatre IGatesheadl Limitod (The) Registered number.. 510742 Truste85' Report We5eetll to have recovered well from the efiectsofbeing closed beNeen March 2020 and july 2021 and we need to build on iliis. Wedo Fatt challenges moving forward as costs are riSiA& SD farwehaveabsorbed price increases but IheyaTrconcernin To finish on a ptysidve note,we have had manyenqulrles abollrhlrtngthetheatre- so manywe have had to turrt somedown. R¢5tri¢tcd Ihcome from Trusts thlsyear toward5 the capital 3chEmc Iiytcd with thc ¢3 of rhcfvndcr> ARTS Councll England £S.000 Nanonal Lottery £50.000 Employees and volunteer5 The company eTllployed two part-timecaretaker/¢le2nerson avegedrIng theyearwlth achan8e or personnel in November 2021 and March 2022.The company coiitinues io ernploytwo parrtime iaret3ker/cleaneis. Tlie general volunteer5arethe Tnember5 ofthe Progressive Players, any of whom may beasked toasslsrin the husine55 Dfthe ch.Irlty. maiiily servan8 on the Iicenced barand sellingice cream& PtsllU(al and Charltable Donatfions Duriiigtheyearwe have rnade no charitable donation5 {2021-E5,0001.
Llttle Theatre IGatesh8adl Limitsd IThel Regi5tÈred number: 510742 Trustee5' Report Policy on reserve$ Wehold cash atbartkand on deposit ofE61.33412021 £300.4971 ofwhich E8.95412021 E242.5061 Is regarded as being resirirted foruse in rehearsal faciliries projecr. The bal3nce of e52.38012021- E57,991 I Is regaled as unresLricted and are held in orderto meeiarty unforesÈenexpendltllre that mayoccur. STh911 fOrnpxY Thi5 report h25 been prepAIEd In accordance wilh rhe provisions in Part 15 of the COmnieS Act 2006 appllcable th companies subjeci ro the small cornpanie5regime. Goln8 concern There are nomarerial uncertainties regarding thecharlty'sability ro continue forthe foreseeable fvture. Thi5 reportwa5 appraved by the board on........ nd signed byits 0er. r51 Carruthers Director
Little Theatre IGate$headl Llmitsd IThel Indepondent Exami¢r, Report Ind¢peiidefftt EKarnier'5 Report tts the TNstees on ihc Attown15 of LirtleTheAtre IGte5hÈdl Llmlted {Thel I rert to ihe (harli ttusiets on rny exainination ofihe accoun15 ofihe compaD) for the yearertded i l Marcli ?D?? Rt5PEtti¥e R(spoiislbllsises TrfTry5tees ADd EAS]er As ihe charit>'5 frustee5 ofthe comp8n% landtlso its directors for ihe purpo5e5 9fcompzn> law) sou are rpsIble for ihe preparaiion ol'the accounts in a¢¢ordJnce iTrith the Coinpanic5 Act ?fMIO I"Th¢ !006 Act"). Havin¥T satisfied m}11.thai ihe acc<)unts ofthe Coinpan) are noi required to be auditcd under Part 16 of I ?006 Act and are elibpible fLY ind¢pendeni eNaininaiioN. I repffi in re5pccI ofm) cxaminaiion ofyourcharit) 5 eiainination I have tolloed the Directions given bv Ihe charl c11715$10n under S¢ction 145151 Iblof the IndÈpendtnt E%aniintr'5 Statement I have complet¥d ni) LXaminAtion. l ¢Dnfinn that Matte have coffte to mv attenti¢ in conneciion with th¢ exarnination ¥Trjving Me ¢au5e io believe a¢¢ouniin¥b records have DL)t b¢¢n k¢pt accordance with seeiion 386 ofthe Companies Act ?006.. thL¥ accounL% do not accord 1th sucli record5'. theaccounts do not comply iiith Ihe aECOUTrting rrquiremthis ofsection 396 ofihe Act oiher than anv requirtmeni that the accounts give a true and fair vj¢w 15 a rnatterconsidered a5 part of8n indendent ¢.xamination or. the accounts have noi PTep3red In accordance wilh the methods and principlesofihe Statement of Re¢orninended Practice lor accNntin¥i and reportin UK IFRSIQ?)). I have (on(crS and havtcotne across rto other Inaners in conneciion wilh ihe exwnitLation to h1¢h atteniion Should irt Ihis repffi in orderio enable a properundel8din¥0Fthe ac¢ounts to rearhed T R Dixon &. Co Lid ClIArtered Q¢nilied Accounian15 JeSnnd T>ne & Wear NE? IBD D8te'.
Llttle Theatr• IGattsh8adl LiMd ITbo1 Statomenf of Flnanclal AcUvftles forthe year 9ndod 31 March 2022 vrt(b RqylriBtsd FundB Fwnds Totsi Fundè UnM9trkt•d Re•trfct¢d Fund FUd8 Tt)tsl FuDd¥ 2022 2022 2022 2021 2011 2Q21 Saks Rent Aant - Pwresslve Playe Inteie$iondeposiiaccouol Donation5and conlribuDon8 ovid 19 Suort grants 1S.348 5.820 9,532 15,348 5,820 9,532 910 910 14.298 124 14.298 5.000 81.0 86.0 11,934 3.5$5 270,080 270.090 44.602 7.588 44.802 3.555 Totsi Ineomlno 61.r 132.197 67.722 270,080 337.802 P•¥ourc• exponded 9,303 9.579 1,2fj0 $.522 9.3 9.579 1.260 6,522 2,401 559 3.1g9 10.214 3.199 10.214 1,800 7.2>1 8.315 534 23 2.647 WagF% and nabonal In$uri( Accountèncv Heal. l¥htand wator Insuranc T81èPh¢Mie Piintin9. poswye and Repair&and renswal$ Litentss Cleaning OthBr1è981 Bnd piofe55ionAI Sundry e¥pgnsgS Depre(lOn 7.291 fj.315 534 23 2,847 559 1S.681 fj2 774 5,174 330 14.395 6S,SOO 774 5.174 330 14.395 354 13.841 2.882 3,593 52.893 3S4 13,841 2,882 3.593 52.893 N•1 [n¢orn•lèxpondir¥l and net mo¥ernoniin fvn4• 14.829 270.080 284.909 R•¢onclli¥tiOn of TDtal funds brou9hlf0rard Netincomeiiiossi Tr8nsTerof tund8 r8laknng to reha&s1 room project 314,580 15,3QS 242, 61.(M)O 557. 65.697 197.142 75.035 270.000 272,177 2e4,909 314,SS2 I314,2) 102.609 Totsifund• Garrf•d brward 613.829 $22.783 314.580 242.506 557.096 The statemwt offin¥nri acbth& indud8g ali 9ain$ aThl loases nISed In the year.
Little Theatre (Gatesheadl Limited (The) R?gi8tered number.. 00464068 Balance Sheet as at 31 March 2022 Notes 2022 2021 Flxod 88Set8 Tangible ¥ssets s81,423 305,732 Current assets Stocks Debtors and prepaymnls Cash al bank and in hand 501 7,256 61,334 69,091 3,052 300,407 303,459 Credltors: omovnts falling due w6thln one year 146,8551 Net current assets 86.610 256,604 Total net assfrts 628.033 562.336 Capital and futhdB of the ¢harlty Called up share capital UnrÈsirKièd Income funds Re51ncted funds 5.250 613.829 8.954 5.250 314.580 242.506 Total charlty Share upltsl and funds 628,033 562.336 The director8 are satisfied Ih8t the company is enlilled 10 exemption from the requirement lo obtain an audit under seGlion 477 of the Companies A¢1 2006 The members have ml required the company to obtain an audit in accordance with sect0 476 of the Act. The directors acknovAedge their r8sponsibilities for complying with the requirements of the Companies Act 2006 with respect lo accounting records and Ihe prep8ralh)n of accounts. The accounts have been prep2red and delivered in accordanTr with the special provi*ons 2ppIable to companies subject lo the small companies re9ime. The profil and account has llot been delivered lo the Registrar of Companies CartuihEt5 Director
Little Theatre IGate$headl Llmltsd (The) Notss to the Accounts for the yoar ended 31 March 2022 1 Accountlng pollcl88 Basis of preparation The financial stalements hève been wered in aceord8nce Aeeountinp and Rewng by Chairtyds.. Staternenl of F¢ecotnmended PdiCe applicableto tharityes pr8paring Ihgil IFRS 1021 ICh8niies SORP IFRS 10211. the Finanual Reporting siandaid appliCae In the UK IFRS 10218nd the Companie5 Aci 2Q. Income 8ndrncognltlonpollcl•s Income deiwes from pioperty ntaI Incc4ne, bar 2nd Ke cream Sa5, End donations. Items of irwmeare ¢0JniS90 and included In the accounls when all o1lhgfollo¥v9 are The chariiy hasentiuemem loThe funds. Any performan condilrons attached lo the items of incoffle have bpen metare fully within the control of the charity There is sUfflent certainty that reIpl of The income is ¢onÈidered probab. The alnounl can be measured liaNY Fundaccountsng Unre$th¢le¢ (und5 ar& availawe to spend on 3divitw Ih3tfurthErany of the PU088¥ olll eharity Restricted (unds Ale tundswhlch the donor has speafied to be SOlY used foi particular areasoflh8chatitls ¥vwk ExpJdltu Expgnditurp Is regnised IhÈrè i a kga1 orcon¥truCtive obligaknon io make a pment to third paty. it IS probabthat settlement will be quired and the amouniof ihe obligation can be MeaSud relably. Tanyible lixÈdassets Tangible fixed assets ar8 measured al les5 XCUtnul¥bve depr•iw ¥nd ¥ny 3Kumulalive Impairment lossgs DeprÈtiation 1$ providèd tsn 8itianoie fixed askts at a Lakulaled t0ritefIIlie cost. less eslImal e5Ual value. of each asset evenly oyer Its eXpeCd usef4Jl life, as fDIIow6. Prope, plant and machin8ry 2.5% reducing bal¥n¢9 Sto¢k$ Slothsare measured al the Itwpr tsf CO ¥nd $timatÈd sèlling rNice e05t& to cOM•te8nd gell Cost ia detèrmined using the first In first Out method The carrying amount of $ck sold is rectynised as 2n experw In ihe period In whKh the rekled venue Is regnIsed. Cash &tb8nk 8ndln hand ¢a3h ¥t baftk and in hand ineludes cash Ènd Short term hlghly liqu Invesknentsth immedla Access.
Llttle Theatre (Gatesheadl Limitsd IThel Note$ to th¢ A¢counts for the year ended 31 March 2022 Debtors Short leTm debtors arp mtr¥$urÈd at transalort prlce lthichls U5ua11y the invoKe piicel. less any irnpairm8nt lossesfor bad and doubfful dèbts Loans and Dtherfinanual ats are Inilially renISed st Iranssction price Induding Bny transethon cos15 dnd subsequeniiy measured al amortised cost determined using the effecbve Inteigsl method. less any Itnpaitmenl losses for bad and doubtsul debts. cl0 Credilora are reco9nised véherethe chanly hasa pre5enl obligation re&uth from a past thatwill probsbty result In the transfer olfundslo a ihird party tho omDunt due to settle th$ Dbli92tion can be measured oi es1im?180 reliably 2 Numbgror employee 2022 2021 Average nurnL*r of empknyees durin9 th8 financial period 3 Operating prolit 2022 2021 This Is stated aftercharging". Oèpre¢&81ion of owned fix8d assets 14,395 3.593 Pr•ml80S, plant an equlpment 4 Tanglble flxod assets ¢08t At 1 April 2021 Additions Sutplus on revaluation Disposals Al 31 March 2022 353,060 270,086 623,146 Depreciation Al 1 Apnl 2021 Charge for the year Surplus on revaluation On disposals Al 31 March 2022 47.328 14.395 61.723 Net book value Al 31 March 2022 581.423 At 31 March 2021 205.732
Llttle Theatre IGatesheadl Limited (The) Note$ tt> the Accounts for the year ended 31 March 2022 5 Debt¢)rs 2022 2021 Prepayments VAT 3.360 3.896 7.256 3,052 6 Cr8d6tors'. amounts falling duo withln on8 y88r 2022 2021 Trade creditors Accruals 2.481 2.481 46,855 46.855 7 Share ¢aplt41 2022 2021 Allotted. called up and fully paid 5.250 Ordinary Shares of £1 5,250 5.250 8 Analysis of mDv8m8nt In fund8 2,022 Unrestdcted Restricted 314.580 242,506 Total 557.088 As at l Apnl 2021 Nel incomelexpenditurel 299,249 1233,5521 65.697 As at 31 Mar¢h 2022 613.829 8,954 622.783 9 R8lated party trnn$action$ Dunng the yearlhe comp¥ny tharoed £9.532 12021-£14.2981 by way ol reDllo Progreswve Playe16 Galeshg?J Lbmikd (Thèl Dunng the ye¥f thé company dld noi receive any coDlribWiOn$ (2021 - £01 towardslhty runru co$ts ollhe the2trefForn Progressive PlayeTS Galeshead Mrfed (The). None of the wu51ees have been any mUn2on OrCel¥ed8nY oth&r benefitsfromth8 company ora rel8led entity 10 Capltal Commitments Al the year end the tr)mpany h&Y m c8pilal commilmellts In respect of the construction of the studio In the amount of12021 - £273.7501. This has been mel by the restricted funds already held and further donations 10
Little Theatre IGatesheadl Limlted (The) Notes to the Accounts for the year ended 31 March 2022 11 Ultlmats controlllng party The company Is a wholty Lwned Subs1ry¢l Progressive Players G8le5head Limiled (th&l, a company regislered in Engignd and Walea. registrabm numbei 00380679 and chaTty number 511 The puTrose Prtt9fÈsYe Pltyen Getejhead L1mite4 Uhel i? thg thatvflhFrortwany A$ detailed wtthln theTruslees Report. The aggiege Gawtal and 18setv8s of Piugre$$ive PLqyers Geshead Limited (the) was £163,437 12021- £170,944 and its Ibssllpmffts forthe yeErthen ended %Yere IE7.5101, 12021- 1£95,08711 12 Legal entity llle Theatre IGatesheadl Limited lThel wvate limited mPnY Inc0ra104 In England. the registered office Is.. Lrfue ThEairè Sathll View Gatesh8ad NE8 13 Corporatlon Taxatbon The eh8rity IS exempi from iaxon incotne gains falling within Settn 505 olthe TAxesAct 1988 orseciion 252 of ih8Taxiun ol ¢h*tyvable Gain8Act 1%2 10 ihe extenllhallhese ale applied lo thnlable objed¥.
Llttle Theatre (Gateshèadl Limited (T> Dgtsilod profil8nd loss account forthe yearendgd 31 M3r¢h 2022 2022 Sal Sa 15.348 910 Othèr kn¢om¢ 5,820 9,532 Reni Pwres$iw Playars nn dnlS[rljnt DDnaliDnS ¢oiryd19 sUPPOrt9r8$ Furtough daims 86.000 11.934 3.555 116849 270.080 44.802 7.588 336.892 337.802 Cost Df Ba Purchas88 Movemént In statk 1.1(NJ 3.199 Adrninistr4twe ¢xFen•e Employee ¢osts Wège$ènd natiwal In$ur3n 9085 PremisescoEts" Cleaning 774 T14 G8neral 8dministr5tsYeexpeA*S. Telepho Piinbng. postage aThY stationery InSraT Repairs an¢ ren8waL 559 23 6.315 2,B47 7,291 2,401 6,522 62 Li¢ence$ Dgpre)abon Suffldry 8xp8n5es 3.593 2.BB2 23.485 330 40.410 Legèi Bnd piolessioMI $L$. AGts)unian¢y lees hpr14al of510al 1,800 13,841 15.641 6.434 52,893 Thi%pag8dD85 nDlfoThn parf OlthÈ$t4tOty&OUTrtI