Registered number 00464068
Little Theatre (Gateshead) Limited (The)
Report and Accounts
31 March 2023
## **Little Theatre (Gateshead) Limited (The) Report and accounts Contents**
||**Page**|
|---|---|
|Company information|1|
|Trustees' report|2|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance sheet|7|
|Notes to the accounts|8|
## **Little Theatre (Gateshead) Limited (The) Company Information**
## **Directors and Trustees**
Mr R Carruthers - Chairman Mrs J Carruthers - Treasurer Mr E Collins Mrs S D Clark Mr M Swallow Mrs S Bertie Mr H Pritchard
## **Secretary**
Mrs S D Clark
## **Independent Examiner**
T R Dixon & Co Ltd Chartered Certified Accountants 1 Dinsdale Place Jesmond Tyne & Wear NE8 4JR
## **Registered charity number**
510742
## **Registered office**
Little Theatre Saltwell View Gateshead NE8 4JS
## **Registered number**
00464068
## **Country of incorporation**
England
1
**Little Theatre (Gateshead) Limited (The) Registered number: 510742 Trustees' Report**
The trustees present their report and accounts for the year ended 31 March 2023 which are prepared to meet the requirements for a directors' report and accounts for 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 applicable in the UK and Republic of Ireland (FRS 102) .
## **Reference and Administrative Details**
Details concerning the charity number and company number and registered office are disclosed on page 1 of the accounts.
## **Objectives of the Charity**
The company was established as a charity to promote, maintain, improve and advance education particularly by the production of educational plays and the encouragement of the Arts including the arts of drama, mime, dance, singing and music and to formulate, prepare and establish schemes therefore provided that all objects of the company shall be of a charitable nature.
## **Structure, Governance and Management**
The directors and trustees in office at the date of this report and who served during the year are listed on page 1. Trustees are appointed or reappointed annually at the Annual General Meeting. The directors have no interests in the shares of the company. Trustees receive no benefit for their involvement in the running of the charity.
## **Summary of the Main Achievements of the Charity during the year**
We have recovered from the pandemic and are fully up and running with 10 Progressive Players’ productions and many outside hires in our theatre.
We had a very successful Pantomime in December 2022 (Lee Brannigan Productions). We have increased the number of outside hires considerably which include a second show by Lee Brannigan as well as our long - standing booking with The Caprians. We have welcomed new hirers to the theatre including a number of one - off music nights it is gratifying that so many new hirers comment on the quality of our theatre and many book to come back almost immediately.
The plan was made to replace many of our tungsten lights with LED lights and we have been successful in getting grants to part fund this. LTG and PPs have contributed too. The project is well under way and will be completed in August 2023. This project will have several benefits including: reducing our energy costs, less heat being generated by our stage lighting, thereby reducing our carbon footprint.
We have had more interest from schools who wish to come in and put shows on and have tours of the theatre.
We have had visits from various groups of adults who have heard about our theatre and want to see it for themselves. There are at least two members who go out and give talks about the theatre.
The Studio which was completed in July 2021 and reported on last year is being very well used. It has allowed much more flexibility for PP rehearsals and extended the types of outside hires we can offer.
2
**Little Theatre (Gateshead) Limited (The) Registered number: 510742 Trustees' Report**
Restricted Income from Trusts and Foundations this year towards the capital scheme listed with the names of the funders.
- Gibson Trust £3,000
- St James Place Charitable Foundation £1,500
## **Employees and volunteers**
The company employed two part-time caretaker/cleaners during the year and continues to do so. The general volunteers are the members of the Progressive Players, any of whom may be asked to assist in the business of the charity, mainly serving on the licenced bar and selling ice creams.
## **Political and Charitable Donations**
During the year we have made no charitable donations (2022-£0).
3
**Little Theatre (Gateshead) Limited (The) Registered number: 510742 Trustees' Report**
## **Policy on reserves**
We hold cash at bank and on deposit of £63,547 (2022 - £61,334) of which £6,923 (2022 - £8,954) is regarded as being restricted for use in LED Stage Lighting. The balance of £56,624 (2022 - £52,380 ) is regarded as unrestricted and are held in order to meet any unforeseen expenditure that may occur.
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
## **Going concern**
There are no material uncertainties regarding the charity's ability to continue for the foreseeable future.
This report was approved by the board on …....................... and signed by its order.
…...................................................................
Mrs J Carruthers Director
4
## **Little Theatre (Gateshead) Limited (The) Independent Examiner's Report**
## **Independent Examiner's Report to the Trustees**
## **on the accounts of Little Theatre (Gateshead) Limited (The)**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023
## **Respective Responsibilities of Trustees and Examiner**
As the charity's 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 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 charity'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:
- accounting records have not been kept in accordance with section 386 of the Companies Act 2006;
- the accounts do not accord with such records;
- 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;
- 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 (FRS102)).
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 in order to enable a proper understanding of the accounts to be reached.
…......................................
T R Dixon & Co Ltd Chartered Certified Accountants 1 Dinsdale Place Jesmond Tyne & Wear NE2 1BD Date: …..........................................
5
## **Little Theatre (Gateshead) Limited (The) Statement of Financial Activities for the year ended 31 March 2023**
|**Income**
Sales
Rent
Rent - Progressive Players
Interest on deposit account
Donations and contributions
Covid 19 support grants
Furlough claims
**Total incoming resources**
**Resources Expended**
Cost of sales
Wages and national insurance
Accountancy
Heat, light and water
Insurance
Telephone
Printing, postage and stationery
Repairs and renewals
Licences
Cleaning
Other legal and professional
Fundraiser fees
Sundry expenses
Depreciation
**Net income (expenditure) and**
**net movement in funds**
**Reconciliation of funds**
Total funds brought forward
Net income/(loss)
Transfer of funds relating to
rehearsal room project
**Total funds carried forward**|**Unrestricted**
**Funds**
**2023**
**£**
36,449
16,573
29,310
-
-
-
-
82,332
17,268
12,520
1,500
9,313
6,008
437
152
17,456
1,176
1,388
6,870
2,705
(55)
14,173
90,911
(8,579)
613,829
(8,579)
6,581
611,831|**Restricted**
**Funds**
**2023**
**£**
-
-
-
-
4,550
-
-
4,550
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,550
8,954
4,550
(6,581)
6,923|**Total**
**Funds**
**2023**
**£**
36,449
16,573
29,310
-
4,550
-
-
86,882
17,268
12,520
1,500
9,313
6,008
437
152
17,456
1,176
1,388
6,870
2,705
(55)
14,173
90,911
(4,029)
622,783
(4,029)
-
-
618,754|**Unrestricted**
**Funds**
**2022**
**£**
15,348
5,820
9,532
8
5,000
11,934
3,555
51,197
9,303
9,579
1,260
6,522
2,401
559
460
15,681
62
774
5,174
-
330
14,395
66,500
(15,303)
314,580
(15,303)
314,552
613,829|**Restricted**
**Funds**
**2022**
**£**
-
-
-
-
81,000
-
-
81,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
81,000
242,506
81,000
(314,552)
8,954|**Total**
**Funds**
**2022**
**£**
15,348
5,820
9,532
8
86,000
11,934
3,555|
|---|---|---|---|---|---|---|
|||||||132,197|
|||||||9,303
9,579
1,260
6,522
2,401
559
460
15,681
62
774
5,174
-
330
14,395|
|||||||66,500|
||||||||
|||||||65,697|
|||||||557,086
65,697
-|
|||||||622,783|
The statement of financial activities includes all gains and losses recognised in the year.
6
## **Little Theatre (Gateshead) Limited (The) Registered number: 00464068 Balance Sheet as at 31 March 2023**
|**Notes**
**Fixed assets**
Tangible assets
4
**Current assets**
Stocks
Debtors and prepayments
5
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
6
**Net current assets**
**Total net assets**
**Capital and funds of the charity**
Called up share capital
7
Unrestricted income funds
8
Restricted funds
8
**Total charity share capital and**
**funds**|**2023**
**£**
552,735
2,300
6,330
63,547
72,177
(908)
71,269
624,004
5,250
611,831
6,923
624,004|**2022**
**£**
561,423
501
7,256
61,334
69,091
(2,481)
66,610
628,033
5,250
613,829
8,954
628,033|**2022**
**£**
561,423
501
7,256
61,334
69,091
(2,481)
66,610
628,033
5,250
613,829
8,954
628,033|
|---|---|---|---|
|||||
||||628,033|
||||5,250
613,829
8,954|
||||628,033|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…...................................................................
R Carruthers Director
7
**Little Theatre (Gateshead) Limited (The) Notes to the Accounts for the year ended 31 March 2023**
## **1 Accounting policies**
## _**Basis of preparation**_
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 (FRS 102) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK (FRS 102) and the Companies Act 2006.
## _**Income and recognition policies**_
Income derives from property rental income, bar and ice cream sales, and donations. Items of income are recognised and included in the accounts when all of the following criteria are met:
- The charity has entitlement to The funds.
- Any performance conditions attached to the items of income have been met are fully within the control of the charity.
- There is sufficient certainty that receipt of The income is considered probable.
- The amount can be measured reliably.
## _**Fund accounting**_
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are funds which the donor has specified are to be solely used for particular areas of the charity's work.
## _**Expenditure**_
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at a rate calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Property, plant and machinery 2.5% reducing balance basis
## _**Stocks**_
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
## _**Cash at bank and in hand**_
Cash at bank and in hand includes cash and short term highly liquid investments with immediate access.
8
## **Little Theatre (Gateshead) Limited (The) Notes to the Accounts for the year ended 31 March 2023**
## _**Debtors**_
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
## _**Creditors**_
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
|**2**
**3 Operating profit**
This is stated after charging:
Depreciation of owned fixed assets
**4 Tangible fixed assets**
**Cost**
At 1 April 2022
Additions
Surplus on revaluation
Disposals
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
Surplus on revaluation
On disposals
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022
Average number of employees during the financial period
**Number or employees**|**2023**
**£**
2
2
**2023**
**£**
14,173|**2022**
**£**
2|
|---|---|---|
|||2|
|||**2022**
**£**
14,395|
|||**Premises,**
**plant and**
**equipment**
**£**
623,146
5,485
-
-|
|||628,631|
|||61,723
14,173
-
-|
|||75,896|
|||552,735|
|||561,423|
9
## **Little Theatre (Gateshead) Limited (The) Notes to the Accounts for the year ended 31 March 2023**
|**5 Debtors**
**2023**
**£**
Prepayments
3,667
VAT
2,663
6,330
**6 Creditors: amounts falling due within one year**
**2023**
**£**
Trade creditors
-
Accruals
908
908
**7 Share capital**
**2023**
**£**
Allotted, called up and fully paid:
5,250
**8 Analysis of movement in funds**
**£**
**£**
**Unrestricted**
**Restricted**
As at 1 April 2022
613,829
8,954
Net income(expenditure)
(1,998)
(2,031)
As at 31 March 2023
611,831
6,923
5,250 Ordinary shares of £1|**2022**
**£**
3,360
3,896|
|---|---|
||7,256|
||**2022**
**£**
-
2,481|
||2,481|
||**2022**
**£**|
||5,250|
||**2023**
**£**
**Total**
622,783
(4,029)|
||618,754|
## **9 Related party transactions**
During the year the company charged £29,310 (2022 - £9,532) by way of rent to Progressive Players Gateshead Limited (The).
During the year the company did not receive any contributions (2022 - £0) towards the running costs of the theatre from Progressive Players Gateshead Limited (The).
None of the trustees have been paid any remuneration or received any other benefits from the company or a related entity.
## **10 Capital Commitments**
At the year end the company had no capital commitments.
10
## **Little Theatre (Gateshead) Limited (The) Notes to the Accounts for the year ended 31 March 2023**
## **11 Ultimate controlling party**
The company is a wholly owned subsidiary of Progressive Players Gateshead Limited (The), a company registered in England and Wales, registration number 00380679 and charity number 511065.
The purpose of Progressive Players Gateshead Limited (The) is the same as that of the company as detailed within the Trustees Report.
The aggregate capital and reserves of Progressive Players Gateshead Limited (The) was £155,580 (2022 - £163,438) and its (loss)/profits for the year then ended were (£7,858), (2022 - (£7,509)).
## **12 Legal entity**
Little Theatre (Gateshead) Limited (The) is a private limited company incorporated in England, the registered office is:
Little Theatre Saltwell View Gateshead NE8 4JS
## **13 Corporation Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
11
## **Little Theatre (Gateshead) Limited (The) Detailed profit and loss account for the year ended 31 March 2023**
|**Sales**
Sales
**Other income**
Rent
Rent Progressive Players
Interest on deposit account
Donations
Covid19 support grants
Furlough claims
**Cost of sales**
Purchases
Movement in stock
**Administrative expenses**
Employee costs:
Wages and national insurance
Entertaining
Premises costs:
Cleaning
General administrative expenses:
Telephone
Printing, postage and stationery
Insurance
Repairs and renewals
Heat, light and water
Licences
Depreciation
Sundry expenses
Legal and professional costs:
Accountancy fees
Fundraiser fees
Other legal and professional|**2023**
**£**
36,449
16,573
29,310
-
4,550
-
-
50,433
86,882
19,068
(1,800)
17,268
12,520
-
12,520
1,388
1,388
437
152
6,008
17,456
9,313
1,176
14,173
(55)
48,660
1,500
2,705
6,870
11,075
90,911|**2022**
**£**
15,348|
|---|---|---|
|||5,820
9,532
8
86,000
11,934
3,555|
|||116,849|
||||
|||132,197|
|||9,803
(500)|
|||9,303|
|||9,085
494|
|||9,579|
|||774|
|||774|
|||559
460
2,401
15,681
6,522
62
14,395
330|
|||40,410|
|||1,260
-
5,174|
|||6,434|
||||
|||66,500|
This page does not form part of the statutory accounts
12
Registered number 00464068
Little Theatre (Gateshead) Limited (The)
Report and Accounts
31 March 2023
## **Little Theatre (Gateshead) Limited (The) Report and accounts Contents**
||**Page**|
|---|---|
|Company information|1|
|Trustees' report|2|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance sheet|7|
|Notes to the accounts|8|
## **Little Theatre (Gateshead) Limited (The) Company Information**
## **Directors and Trustees**
Mr R Carruthers - Chairman Mrs J Carruthers - Treasurer Mr E Collins Mrs S D Clark Mr M Swallow Mrs S Bertie Mr H Pritchard
## **Secretary**
Mrs S D Clark
## **Independent Examiner**
T R Dixon & Co Ltd Chartered Certified Accountants 1 Dinsdale Place Jesmond Tyne & Wear NE8 4JR
## **Registered charity number**
510742
## **Registered office**
Little Theatre Saltwell View Gateshead NE8 4JS
## **Registered number**
00464068
## **Country of incorporation**
England
1
**Little Theatre (Gateshead) Limited (The) Registered number: 510742 Trustees' Report**
The trustees present their report and accounts for the year ended 31 March 2023 which are prepared to meet the requirements for a directors' report and accounts for 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 applicable in the UK and Republic of Ireland (FRS 102) .
## **Reference and Administrative Details**
Details concerning the charity number and company number and registered office are disclosed on page 1 of the accounts.
## **Objectives of the Charity**
The company was established as a charity to promote, maintain, improve and advance education particularly by the production of educational plays and the encouragement of the Arts including the arts of drama, mime, dance, singing and music and to formulate, prepare and establish schemes therefore provided that all objects of the company shall be of a charitable nature.
## **Structure, Governance and Management**
The directors and trustees in office at the date of this report and who served during the year are listed on page 1. Trustees are appointed or reappointed annually at the Annual General Meeting. The directors have no interests in the shares of the company. Trustees receive no benefit for their involvement in the running of the charity.
## **Summary of the Main Achievements of the Charity during the year**
We have recovered from the pandemic and are fully up and running with 10 Progressive Players’ productions and many outside hires in our theatre.
We had a very successful Pantomime in December 2022 (Lee Brannigan Productions). We have increased the number of outside hires considerably which include a second show by Lee Brannigan as well as our long - standing booking with The Caprians. We have welcomed new hirers to the theatre including a number of one - off music nights it is gratifying that so many new hirers comment on the quality of our theatre and many book to come back almost immediately.
The plan was made to replace many of our tungsten lights with LED lights and we have been successful in getting grants to part fund this. LTG and PPs have contributed too. The project is well under way and will be completed in August 2023. This project will have several benefits including: reducing our energy costs, less heat being generated by our stage lighting, thereby reducing our carbon footprint.
We have had more interest from schools who wish to come in and put shows on and have tours of the theatre.
We have had visits from various groups of adults who have heard about our theatre and want to see it for themselves. There are at least two members who go out and give talks about the theatre.
The Studio which was completed in July 2021 and reported on last year is being very well used. It has allowed much more flexibility for PP rehearsals and extended the types of outside hires we can offer.
2
**Little Theatre (Gateshead) Limited (The) Registered number: 510742 Trustees' Report**
Restricted Income from Trusts and Foundations this year towards the capital scheme listed with the names of the funders.
- Gibson Trust £3,000
- St James Place Charitable Foundation £1,500
## **Employees and volunteers**
The company employed two part-time caretaker/cleaners during the year and continues to do so. The general volunteers are the members of the Progressive Players, any of whom may be asked to assist in the business of the charity, mainly serving on the licenced bar and selling ice creams.
## **Political and Charitable Donations**
During the year we have made no charitable donations (2022-£0).
3
**Little Theatre (Gateshead) Limited (The) Registered number: 510742 Trustees' Report**
## **Policy on reserves**
We hold cash at bank and on deposit of £63,547 (2022 - £61,334) of which £6,923 (2022 - £8,954) is regarded as being restricted for use in LED Stage Lighting. The balance of £56,624 (2022 - £52,380 ) is regarded as unrestricted and are held in order to meet any unforeseen expenditure that may occur.
## **Small company provisions**
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
## **Going concern**
There are no material uncertainties regarding the charity's ability to continue for the foreseeable future.
This report was approved by the board on …....................... and signed by its order.
…...................................................................
Mrs J Carruthers Director
4
## **Little Theatre (Gateshead) Limited (The) Independent Examiner's Report**
## **Independent Examiner's Report to the Trustees**
## **on the accounts of Little Theatre (Gateshead) Limited (The)**
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023
## **Respective Responsibilities of Trustees and Examiner**
As the charity's 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 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 charity'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:
- accounting records have not been kept in accordance with section 386 of the Companies Act 2006;
- the accounts do not accord with such records;
- 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;
- 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 (FRS102)).
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 in order to enable a proper understanding of the accounts to be reached.
…......................................
T R Dixon & Co Ltd Chartered Certified Accountants 1 Dinsdale Place Jesmond Tyne & Wear NE2 1BD Date: …..........................................
5
## **Little Theatre (Gateshead) Limited (The) Statement of Financial Activities for the year ended 31 March 2023**
|**Income**
Sales
Rent
Rent - Progressive Players
Interest on deposit account
Donations and contributions
Covid 19 support grants
Furlough claims
**Total incoming resources**
**Resources Expended**
Cost of sales
Wages and national insurance
Accountancy
Heat, light and water
Insurance
Telephone
Printing, postage and stationery
Repairs and renewals
Licences
Cleaning
Other legal and professional
Fundraiser fees
Sundry expenses
Depreciation
**Net income (expenditure) and**
**net movement in funds**
**Reconciliation of funds**
Total funds brought forward
Net income/(loss)
Transfer of funds relating to
rehearsal room project
**Total funds carried forward**|**Unrestricted**
**Funds**
**2023**
**£**
36,449
16,573
29,310
-
-
-
-
82,332
17,268
12,520
1,500
9,313
6,008
437
152
17,456
1,176
1,388
6,870
2,705
(55)
14,173
90,911
(8,579)
613,829
(8,579)
6,581
611,831|**Restricted**
**Funds**
**2023**
**£**
-
-
-
-
4,550
-
-
4,550
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
4,550
8,954
4,550
(6,581)
6,923|**Total**
**Funds**
**2023**
**£**
36,449
16,573
29,310
-
4,550
-
-
86,882
17,268
12,520
1,500
9,313
6,008
437
152
17,456
1,176
1,388
6,870
2,705
(55)
14,173
90,911
(4,029)
622,783
(4,029)
-
-
618,754|**Unrestricted**
**Funds**
**2022**
**£**
15,348
5,820
9,532
8
5,000
11,934
3,555
51,197
9,303
9,579
1,260
6,522
2,401
559
460
15,681
62
774
5,174
-
330
14,395
66,500
(15,303)
314,580
(15,303)
314,552
613,829|**Restricted**
**Funds**
**2022**
**£**
-
-
-
-
81,000
-
-
81,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
81,000
242,506
81,000
(314,552)
8,954|**Total**
**Funds**
**2022**
**£**
15,348
5,820
9,532
8
86,000
11,934
3,555|
|---|---|---|---|---|---|---|
|||||||132,197|
|||||||9,303
9,579
1,260
6,522
2,401
559
460
15,681
62
774
5,174
-
330
14,395|
|||||||66,500|
||||||||
|||||||65,697|
|||||||557,086
65,697
-|
|||||||622,783|
The statement of financial activities includes all gains and losses recognised in the year.
6
## **Little Theatre (Gateshead) Limited (The) Registered number: 00464068 Balance Sheet as at 31 March 2023**
|**Notes**
**Fixed assets**
Tangible assets
4
**Current assets**
Stocks
Debtors and prepayments
5
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
6
**Net current assets**
**Total net assets**
**Capital and funds of the charity**
Called up share capital
7
Unrestricted income funds
8
Restricted funds
8
**Total charity share capital and**
**funds**|**2023**
**£**
552,735
2,300
6,330
63,547
72,177
(908)
71,269
624,004
5,250
611,831
6,923
624,004|**2022**
**£**
561,423
501
7,256
61,334
69,091
(2,481)
66,610
628,033
5,250
613,829
8,954
628,033|**2022**
**£**
561,423
501
7,256
61,334
69,091
(2,481)
66,610
628,033
5,250
613,829
8,954
628,033|
|---|---|---|---|
|||||
||||628,033|
||||5,250
613,829
8,954|
||||628,033|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…...................................................................
R Carruthers Director
7
**Little Theatre (Gateshead) Limited (The) Notes to the Accounts for the year ended 31 March 2023**
## **1 Accounting policies**
## _**Basis of preparation**_
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 (FRS 102) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK (FRS 102) and the Companies Act 2006.
## _**Income and recognition policies**_
Income derives from property rental income, bar and ice cream sales, and donations. Items of income are recognised and included in the accounts when all of the following criteria are met:
- The charity has entitlement to The funds.
- Any performance conditions attached to the items of income have been met are fully within the control of the charity.
- There is sufficient certainty that receipt of The income is considered probable.
- The amount can be measured reliably.
## _**Fund accounting**_
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Restricted funds are funds which the donor has specified are to be solely used for particular areas of the charity's work.
## _**Expenditure**_
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
## _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at a rate calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Property, plant and machinery 2.5% reducing balance basis
## _**Stocks**_
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
## _**Cash at bank and in hand**_
Cash at bank and in hand includes cash and short term highly liquid investments with immediate access.
8
## **Little Theatre (Gateshead) Limited (The) Notes to the Accounts for the year ended 31 March 2023**
## _**Debtors**_
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
## _**Creditors**_
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
|**2**
**3 Operating profit**
This is stated after charging:
Depreciation of owned fixed assets
**4 Tangible fixed assets**
**Cost**
At 1 April 2022
Additions
Surplus on revaluation
Disposals
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
Surplus on revaluation
On disposals
At 31 March 2023
**Net book value**
At 31 March 2023
At 31 March 2022
Average number of employees during the financial period
**Number or employees**|**2023**
**£**
2
2
**2023**
**£**
14,173|**2022**
**£**
2|
|---|---|---|
|||2|
|||**2022**
**£**
14,395|
|||**Premises,**
**plant and**
**equipment**
**£**
623,146
5,485
-
-|
|||628,631|
|||61,723
14,173
-
-|
|||75,896|
|||552,735|
|||561,423|
9
## **Little Theatre (Gateshead) Limited (The) Notes to the Accounts for the year ended 31 March 2023**
|**5 Debtors**
**2023**
**£**
Prepayments
3,667
VAT
2,663
6,330
**6 Creditors: amounts falling due within one year**
**2023**
**£**
Trade creditors
-
Accruals
908
908
**7 Share capital**
**2023**
**£**
Allotted, called up and fully paid:
5,250
**8 Analysis of movement in funds**
**£**
**£**
**Unrestricted**
**Restricted**
As at 1 April 2022
613,829
8,954
Net income(expenditure)
(1,998)
(2,031)
As at 31 March 2023
611,831
6,923
5,250 Ordinary shares of £1|**2022**
**£**
3,360
3,896|
|---|---|
||7,256|
||**2022**
**£**
-
2,481|
||2,481|
||**2022**
**£**|
||5,250|
||**2023**
**£**
**Total**
622,783
(4,029)|
||618,754|
## **9 Related party transactions**
During the year the company charged £29,310 (2022 - £9,532) by way of rent to Progressive Players Gateshead Limited (The).
During the year the company did not receive any contributions (2022 - £0) towards the running costs of the theatre from Progressive Players Gateshead Limited (The).
None of the trustees have been paid any remuneration or received any other benefits from the company or a related entity.
## **10 Capital Commitments**
At the year end the company had no capital commitments.
10
## **Little Theatre (Gateshead) Limited (The) Notes to the Accounts for the year ended 31 March 2023**
## **11 Ultimate controlling party**
The company is a wholly owned subsidiary of Progressive Players Gateshead Limited (The), a company registered in England and Wales, registration number 00380679 and charity number 511065.
The purpose of Progressive Players Gateshead Limited (The) is the same as that of the company as detailed within the Trustees Report.
The aggregate capital and reserves of Progressive Players Gateshead Limited (The) was £155,580 (2022 - £163,438) and its (loss)/profits for the year then ended were (£7,858), (2022 - (£7,509)).
## **12 Legal entity**
Little Theatre (Gateshead) Limited (The) is a private limited company incorporated in England, the registered office is:
Little Theatre Saltwell View Gateshead NE8 4JS
## **13 Corporation Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
11
## **Little Theatre (Gateshead) Limited (The) Detailed profit and loss account for the year ended 31 March 2023**
|**Sales**
Sales
**Other income**
Rent
Rent Progressive Players
Interest on deposit account
Donations
Covid19 support grants
Furlough claims
**Cost of sales**
Purchases
Movement in stock
**Administrative expenses**
Employee costs:
Wages and national insurance
Entertaining
Premises costs:
Cleaning
General administrative expenses:
Telephone
Printing, postage and stationery
Insurance
Repairs and renewals
Heat, light and water
Licences
Depreciation
Sundry expenses
Legal and professional costs:
Accountancy fees
Fundraiser fees
Other legal and professional|**2023**
**£**
36,449
16,573
29,310
-
4,550
-
-
50,433
86,882
19,068
(1,800)
17,268
12,520
-
12,520
1,388
1,388
437
152
6,008
17,456
9,313
1,176
14,173
(55)
48,660
1,500
2,705
6,870
11,075
90,911|**2022**
**£**
15,348|
|---|---|---|
|||5,820
9,532
8
86,000
11,934
3,555|
|||116,849|
||||
|||132,197|
|||9,803
(500)|
|||9,303|
|||9,085
494|
|||9,579|
|||774|
|||774|
|||559
460
2,401
15,681
6,522
62
14,395
330|
|||40,410|
|||1,260
-
5,174|
|||6,434|
||||
|||66,500|
This page does not form part of the statutory accounts
12
CHARTERED
CERTIFIED
ACCOUNTANTS
& STATUTORY
AUDITORS
Little Theatre (Gateshead) Limited
Independent Examiners Report
Forthe year ended 31" March 2023
TR Dixon & Co Ltd
Chartered Certified Accountants
Statutory Auditors
Bermuda House
IA Dinsdale Place
Newcastle upon Tyne
NE2 IBD
CHARTERED CERTIFIED ACCOUNTANTS I STATUTORY AUDITORS
Bc.Imudii Hous.
ACCA
Ti-l 0191232 £628
CHARTERED
CERTIFIED
ACCOUNTANTS
& STATUTORY
AUDITORS
We have Examined the Annual Report and Accounts for the year enderj 31" March 2023, which have
been prepared from the accounting records, informètion and explanations provided to us by the
Accountants of the Little Theatre IGatesheadl Limited, Leanne Cook Accounting Limited. This is
under the guidance of the Charity Commission for England and Wale5.
Respective responsibilities of the Little Theatre (Gatesheadl Limited
The Little Theatre IGatesheadl Limited are responsible for keeping proper, complete accounting
records and for the preparation of the Annual Report and Accounts for the year ended 31, March
2023. The accountant of the Little Theatre (Gatesheadl Limited, Leanne Cook has undertaken these
responsibilities on behalf of the Little Theatre (Gatesheadl Limited
It is our responsibility to form an independent opinion, based on our Independent Examiners Report,
for the year ended 31" March 2023 to the fullest extent permitted by law.
An Independent Examiners Report involves obtaining evidence about the amounts in the Annual
Reports and Accounts, to give reasonable assurance that it is free from material misstatement,
whether caused by fraud or error. If we become aware of any apparent material misstatements or
inconsi5tencie5, we consider the implications for our report.
Basis of opinion
We planned and performed our Independent Examiners Report to obtain all the information and
explanations which we considered necessary in order to provide us with sufficient evidence to give
reasonable assurance that the Annual Report and Accounts for the year ended 31, March 2023
show a true and fair summary of the accounting records relating to The Little Theatre IGatesheadl
Limited and is sufficiently supported by accounts, receipts and other documents which have been
made availoble to us.
CHARTERED CERTIFIED ACCOUNTANTS I STATUTORY AUDITORS
ACCA
T..1. 0191 732 2628
CHARTERED
CERTIFIED
ACCOUNTANTS
& STATUTORY
AUDITORS
Conclusion
In our opinion, the Annual Report and Accounts for the year ended 31, March 2023
have been prepared in accordance with the accounting records, information and
explanations provided to us, and
is sufficiently supported by accounts, receipts and other documents.
is correctly stated and free of material error.
Jennifer O'Toole FCCA Ba (Honsl
(Senior Statutory Auditor)
TR Dixon & Co Ltd
Chartered Certified Accountants
Statutory Auditors
Bermuda House
IA Dinsdale Place
Newcastle upon Tyne
NE2 IBD
Date: 22. September 2023
CHARTERED CERTIFIED ACCOUNTANTS I STATUTORY AUDITORS
ACCA
0191232 2628