Registered number 00464068
The Little Theatre (Gateshead) Limited
Report and Accounts
31 March 2025
The Little Theatre (Gateshead) Limited 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 |
The Little Theatre (Gateshead) Limited Company Information
Directors and Trustees
Mr E Collins - Chairman Mrs J Carruthers - Treasurer Mr R Carruthers Mrs S D Clark Mr M Swallow - resigned February 2024 Mrs S Bertie Mr H Pritchard Mr B Brown - appointed July 2024 Ms J Downing - appointed July 2024 Mrs L Wright - appointed July 2024
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
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The Little Theatre (Gateshead) Limited Registered number: 510742 Trustees' Report
The trustees present their report and accounts for the year ended 31 March 2025 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
As well as the usual general ongoing maintenance of the theatre the following major projects have been undertaken:
Replacement of stage tower roof and green room roof. After many years of patching it became essential to do this major work.
Decoration of the theatre namely : painting the studio, completion of external painting and foyer redecoration.
Upgrade of stage lighting fuse box to improve safety.
There was no Restricted Income from Trusts and Foundations this year.
During the year an Unrestricted donation of £1,247 was received from the late Bill Clarke's Estate.
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The Little Theatre (Gateshead) Limited Registered number: 510742 Trustees' Report
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.
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 (2024-£0).
Policy on reserves
We hold cash at bank and on deposit of £115,602 (2024 - £110,854) of which £6,923 (2024 - £6,923) is regarded as being restricted. The balance of £108,679 (2024 - £103,931 ) 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
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The Little Theatre (Gateshead) Limited 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 2025
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:
…..........................................
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The Little Theatre (Gateshead) Limited Statement of Financial Activities for the year ended 31 March 2025
| Unrestricted Funds 2024 £ Income Sales 48,772 Rent 35,712 Contribution to upkeep - Progressive Players 31,452 Interest on deposit account 475 Donations and contributions 1,307 Total incoming resources 117,718 Resources Expended Cost of sales 29,332 Wages and national insurance 15,068 Accountancy 1,625 Heat, light and water 12,653 Insurance 6,518 Telephone - Stationery and website 187 Repairs and renewals 26,017 Licences 180 Cleaning 3,033 Other legal and professional 133 Fundraiser fees - Sundry expenses 986 Depreciation 14,513 110,245 Net income (expenditure) and net movement in funds 7,473 Reconciliation of funds Total funds brought forward 686,007 Net income/(loss) 7,473 Prior year adjustment (15,910) LED lighting and rehearsal room project Total funds carried forward 677,570 |
Restricted Funds 2024 £ - - - - 15,000 15,000 - - - - - - - 15,000 - - - - - - 15,000 - 6,923 - - 6,923 |
Total Funds 2024 £ 48,772 35,712 31,452 475 16,307 132,718 29,332 15,068 1,625 12,653 6,518 - 187 41,017 180 3,033 133 - 986 14,513 125,245 7,473 692,930 7,473 (15,910) - 684,493 |
Unrestricted Funds 2024 £ 41,526 46,095 31,452 208 - 119,281 24,106 12,716 1,500 11,407 6,358 - 50 10,294 229 1,476 1,697 - 387 14,885 85,105 34,176 611,831 34,176 - 40,000 686,007 |
Restricted Funds 2024 £ - - - - 40,000 40,000 - - - - - - - - - - - - - - - 40,000 6,923 40,000 - (40,000) 6,923 |
Total Funds 2024 £ 41,526 46,095 31,452 208 40,000 |
|---|---|---|---|---|---|
| 159,281 | |||||
| 24,106 12,716 1,500 11,407 6,358 - 50 10,294 229 1,476 1,697 - 387 14,885 |
|||||
| 85,105 | |||||
| 74,176 | |||||
| 618,754 74,176 - - |
|||||
| 692,930 |
The statement of financial activities includes all gains and losses recognised in the year.
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Little Theatre (Gateshead) Limited (The) Registered number: 00464068 Balance Sheet as at 31 March 2025
| 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 |
2025 2024 £ £ 566,019 580,532 3,000 1,800 6,021 5,878 115,602 110,854 124,623 118,532 (899) (884) 123,724 117,648 689,743 698,180 5,250 5,250 677,570 686,007 6,923 6,923 689,743 698,180 |
|---|---|
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.
…...........................................
E Collins Director
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The Little Theatre (Gateshead) Limited Notes to the Accounts for the year ended 31 March 2025
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.
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The Little Theatre (Gateshead) Limited Notes to the Accounts for the year ended 31 March 2025
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 2024 Additions Surplus on revaluation Disposals At 31 March 2025 Depreciation At 1 April 2024 Charge for the year Surplus on revaluation On disposals At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 Average number of employees during the financial period Number or employees |
2025 £ 2 2 2025 £ 14,513 |
2024 £ 2 |
|---|---|---|
| 2 | ||
| 2024 £ 14,885 |
||
| Premises, plant and equipment £ 671,314 - - - |
||
| 671,314 | ||
| 90,782 14,513 - - |
||
| 105,295 | ||
| 566,019 | ||
| 580,532 |
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The Little Theatre (Gateshead) Limited Notes to the Accounts for the year ended 31 March 2025
| **5 ** | Debtors | 2025 | 2024 | |
|---|---|---|---|---|
| £ | £ | |||
| Trade debtors | 600 | 370 | ||
| Prepayments | 3,850 | 3,768 | ||
| VAT | 1,571 | 1,740 | ||
| 6,021 | 5,878 | |||
| **6 ** | Creditors: amounts falling due within one year | 2025 | 2024 | |
| £ | £ | |||
| Trade creditors | - | - | ||
| Accruals | 899 | 884 | ||
| 899 | 884 | |||
| **7 ** | Share capital | 2025 | 2024 | |
| £ | £ | |||
| Allotted, called up and fully paid: | ||||
| 5,250 Ordinary shares of £1 | 5,250 | 5,250 | ||
| **8 ** | Analysis of movement in funds | 2025 | ||
| £ | £ | £ | ||
| Unrestricted | Restricted | Total | ||
| As at 1 April 2024 | 686,007 | 6,923 | 692,930 | |
| Net income(expenditure) | (8,437) | - | (8,437) | |
| As at 31 March 2025 | 677,570 | 6,923 | 684,493 |
9 Related party transactions
During the year the company charged rent of £31,452 (2024 - £31,342) to the The Progressive Players (Gateshead).
DDuring the year the company received a donation of £15,000 towards the new roof from The i h h i d ib i f £4 338 (201 £9 300) d h Progressive Players (Gateshead).
DDuring the year the company did not receive any contributions (2024 - £0) towards the running i h h i d ib i f £4 338 (201 £9 300) d h costs of the theatre from The Progressive Players (Gateshead).
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.
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The Little Theatre (Gateshead) Limited Notes to the Accounts for the year ended 31 March 2025
11 Ultimate controlling party and Parent Company
The Company is independent with single member ownership.
The Parent Company is Progressive Players (Gateshead), a company registered in England and Wales, registration number 00380679 and charity number 511065. The purpose of The Progressive Players (Gateshead) is the same as that of the company as detailed within the Trustees Report.
The aggregate capital and reserves of The Progressive Players (Gateshead) was £179,526 (2024 - £175,173) and its profits for the year then ended were £4,353 (2024 - £19,593).
12 Legal entity
The Little Theatre (Gateshead) Limited 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.
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The Little Theatre (Gateshead) Limited Detailed profit and loss account for the year ended 31 March 2025
| Sales Sales Other income Rent Rent Progressive Players Interest on deposit account Donations Cost of sales Purchases Movement in stock Administrative expenses Employee costs: Wages and national insurance Entertaining (included in sundry expenses) 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 |
2025 £ 48,772 35,712 31,452 475 16,307 83,946 132,718 30,532 (1,200) 29,332 15,068 - 15,068 3,033 3,033 - 187 6,518 41,017 12,653 180 14,513 986 76,054 1,625 - 133 1,758 125,245 |
2024 £ 41,526 |
|---|---|---|
| 46,095 31,452 208 40,000 |
||
| 117,755 | ||
| 159,281 | ||
| 23,606 500 |
||
| 24,106 | ||
| 12,716 - |
||
| 12,716 | ||
| 1,476 | ||
| 1,476 | ||
| - 50 6,358 10,294 11,407 229 14,885 387 |
||
| 43,610 | ||
| 1,500 - 1,697 |
||
| 3,197 | ||
| 85,105 |
This page does not form part of the statutory accounts
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