Registered Charity (513391) Report of the Trustees and Financial Statements For The Year Ended 31 May 2025 for Retford Little Theatre Chartered Certified Accountants Kr **----- Start of picture text -----**
, Retford Little Theatre
Contents
Charity information 1
Report of Trustees and Executive Committee 2-4
Independent Examiners report 5
Statement of financial activities 6
Balance sheet 7
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Notes to the financial statements 8-13
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-1- ## Retford Little Theatre ||Charity Information||| |---|---|---|---| |CharityNumber|513391||| |Trustees|JYoung||| ||D Cox||| ||||;| ||V Evans||| |ExecutiveCommittee|CMcGinty|- Chairperson|| ||DStamp|-Vice Chairperson|| ||JYoung||| ||D Cox||| ||S Walker||| ||S Balmer|- Ex officio|| ||M Goldstone||| ||G Satchell||| ||E Coulclough||| ||L Hawkins||| ||K Duffy||| ||D Broadhead||| ||S Lale|-Co opted|| ||PTurner-Johnson|-Co opted|| |Address oftheCharity|WharfRoad||| ||Retford||| ||Nottinghamshire||| ||DN22 6EN||| |Solicitors|Jones&Co||| ||5 Churchgate||| ||Retford||| ||Nottinghamshire||| ||DN22 6PB||| |Bankers|Virgin Money||| ||26Westgate||| ||Mansfield||| ||Nottinghamshire||| ||NG18 1HS||| |independentExaminer|Adam Kettlewell FCCA||| ||Kettlewell&Co Limited||| ||Chartered Certified Accountants||| ||Retford Enterprise Centre||| ||RandallWay||| ||Retford||| ||Nottinghamshire||| ||DN227GR||| -2- ## Retford Little Theatre Report of the Trustees and Executive Committee For the year ended 31 May 2025 ## Organisation and Operation The theatre is operated by the executive committee who meet regularly to carry on any relevant business. Day to day management is dealt with by the trustees who are the main officers of the theatre. Theatre productions are proposed by the executive committee and are organised individually under the control of a producer. The executive committee have carried out relevant risk assessments and reviews and consider that their systems and policies are adequate to mitigate any known risks to the charity, its workers and the general public who are visiting the theatre. ## Objectives and Activities The objectives for which the Retford Little Theatre was formed were:- To foster all forms of dramatic art with special reference to live performing . To produce suitable original theatre work for live performances To carry on and promote such other objectives as may be deemed by law to be charitable or educational and within the regulations of the theatre. The executive committee of the theatre have carried out these activities, within the resources available to them so as to enable them to meet the theatre’s objectives. It is the policy of the trustees to retain sufficient reserves to provide activities for at least the future year. Surplus funds are invested in short-term investments. ## Contributions by Volunteers The executive committee are grateful to ail the volunteers who contribute to the success of the theatres’ activities and to the theatre members and general public who support it at all performances. ## Achievements and Performance The theatre has undertaken a number of productions this year, all of which were a success with the attending public. The theatre is not a profit making organisation and has no other purpose than to fulfil its objectives and provide funds to continue to maintain and repair its assets, all of which are essential to the production of its plays. -3- ## Retford Little Theatre ## Trustees Report ## For the year ended 31 May 2025 ## Financial Review The net assets of the theatre at 31 May 2025 were £99,469 (£117,396 at 31 May 2024) calculated as follows: **----- Start of picture text -----**
|||||| |---|---|---|---|---| |2025|2024| |£|£|£|£| |Fixed|assets|19,815|22,097| |Current|assets| |Cash|and|bank balances|73,695|90,759| |Other current|assets|7,080|6,340| |80,775|97,099| |Current|liabilities|(1,121)|(1,800)| |Net Assets|99,469|117,396| **----- End of picture text -----**
More detailed information is available in the statutory financial statements. ## Policy on Reserves The surplus cash of the theatre is held on short-term or immediate access banking accounts providing some interest on the funds deposited. The theatre will use its reserves to continue to achieve its main objectives and carry on its main theatrical activities. ## Public Benefit Statement The trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charities Commission in exercising their powers and duties. ## Plans for Future Periods The executive committee will continue to provide the theatre facilities to enable the Retford Little Theatre to continue to produce plays and other theatrical performances during the forthcoming year. It will continue to run The Screen cinema and support a Youth Theatre group. The theatre has a 21 year lease of its premises to ensure continuity of performances from the theatre. The lease expires in 2027. Ae ## Retford Little Theatre Trustees Report For the year ended 31 May 2025 ## Trustees Responsibility The trustees and executive committee are required to prepare financial statements for each financial period which give a true and fair view of the state of affairs of the theatre and of the excess of income over expenditure, or otherwise, of the theatre for that period. ## In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that The Charitable Trust will continue in business. The trustees and executive committee are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the theatre and to enable them to ensure that the financial statements comply with the Charities Act 2011 and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## Independent Examination The theatre does not require an audit of its financial statements and has requested an independent examiner’s report which is included in these financial statements. The trustees and executive committee have prepared this report in accordance with the provisions of the Charities Act 2011. Approved by the trustees and executive committee on 18 July 2025 and signed on their behalf by: **----- Start of picture text -----**
=
Mr D CoxRaval Ore MrsJ YoungSrawi
Trustee Trustee
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Trustee ## 5- **----- Start of picture text -----**
Independent Examiner's Report to the trustees of
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## Retford Little Theatre For the year ended 31 May 2025 | report to the trustees on my examination of the accounts of Retford Little Theatre for the year ended 31st May 2025, which are set out on pages6 to 13. ## Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘the Act’). | report in respect of my examination of the Trustee’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## Independent examiner's statement | have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - (1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or - (2) the accounts do not accord with those records; or - (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. | 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. **----- Start of picture text -----**
Kol uvelh el U ‘
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A Kettlewell FCCA Kettlewell&Co Limited ## Chartered Certified Accountants ## Retford Enterprise Centre Randall Way Retford Nottinghamshire DN22 7GR ## 18/07/2025 . -6- ## Retford Little Theatre **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Statement of Financial|Activities|for| |the year ended 31 May 2025| |2025|2024| |Note|Total|Total| |Funds|Funds| |Incoming|resources|2| |Incoming|resources from| |generated|funds:| |Donations|and|Grants|600|129| |income from|principle|activities|73,282|64,242| |Investment|income|2,278|1,506| |Total incoming resources|76,160|65,877| |Resources expended|3| |Charitable|expenditure|-|-| |Costs|of principle|activities|30,415|21,825| |Management and|administration|costs|54,415|46,685| |Total|resources expended|84,830|68,510.| |Net income/(expenditure)|(8,670)|(2,633)| |)| |-| |Exceptional|items|17|(9,257)| |Net movement|in funds|~~|(17,927)|(2,633),| |Total funds|brought forward|117,396|120,029| |Total funds carried forward|99,469|~~|[117,396]| **----- End of picture text -----**
All the above figures relate to unrestricted funds. -7- ## Retford Little Theatre |||Balance Sheet||||| |---|---|---|---|---|---|---| |||as at31 May 2025||||| ||||||2024|| ||Note|£|£|E||£| |Fixed assets||||||| |Tangible assets|4||19,815|||22,097| ||||19,815|||22,097| |Current assets||||||| |Stocks|5|1,802||902||| |Debtors|6|5,278||5,438||| |Investments|7|63,408||31,131||| |Cash at bank and in hand|8|10,287||59,628||| |||80,775||97,099||| |Creditors||||||| |Amounts falling due within||||||| |one year|9|41,721||1,800||| |Net current assets|||79,654|||95,299| |Total assets less current liabilities|||99,469|||117,396| |Net assets|||99,469|||117,396| |Capital funds||||||| |Unrestricted funds|||99,469|||117,396| |Totalfunds|||99,469|||117,396| ## Audit Exemption For the year ended 31 May 2025, the theatre was entitled to exemption from the requirement to have an audit under the provisions of section 144(2) of Charities Act 2011. Approved by the trustees and executive committee on 18 July 2025 and signed on its behalf by: **----- Start of picture text -----**
LandQW
Mr D Cox — ~
Trustee
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iea:Jean ntti eee 7
MrsJ Young
Trustee
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-8- ## Retford Little Theatre ## Notes to the financial statements for the year ended 31 May 2025 ## 1. Accounting policies ## 1.1. Accounting convention 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) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note. 1.2. Going Concern The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the Charity. ## 1.3. Accumulated Funds All funds are unrestricted and can be used in accordance with the charitable objectives at the discretion of the trustees. 1.4. Fixed Assets Fixed assets are capitalised if they can be used for more than one year, and cost at least £500. They are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. - 1.5. Depreciation Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful economic lives. ## 1.6. Stocks and Work in Progress These are valued at the lower of cost or market value. t -9- ## Retford Little Theatre Notes to the financial statements for the year ended 31 May 2025 ## 1.7. Incoming Resources Investment income is accounted for as follows: (i) Listed - amounts receivable during the year. - (ii) Short Term Deposits - amounts receivable during the year. (iii) Rents - amounts receivable during the year. ## 1.8. Expenditure All expenditure is recognised once there is a legal or constructive obligations to that expenditure, it is probable settlement is required and the amount can be measured reliably. - 1.9. Donations and Grants Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. ## 1.10. Volunteer Help The value of any voluntary help received is not included in the accounts but is acknowledged in ## 1.11. Value Added Tax The Charity is registered for Value Added Tax and is therefore able to reclaim Value Added Tax on its expenses. Expenditure in these financial statements is therefore shown exclusive of Value Added Tax. -10- ## Retford Little Theatre ||Notestothefinancial statements|Notestothefinancial statements|| |---|---|---|---| ||fortheyearended31May2025||| |2. IncomingResources||Total|Total| |||2025|2024| |||£|£| |Donations andGrants|||| |Grantaidfrom Bassetlaw DistrictCouncil||0|0| |OtherDonations||600|129| |||600|129| |Incomefrom PrincipleActivities|||| |Theatre Productions||65,240|53,117| |OtheractivitieswithintheTheatre||8,042|11,125| |||73,282|64,242| |Investment Income|||| |Bank Interest||0|0| |intereston depositwith COIF||2,278|1,506| |||2,278|1,506| |Total IncomingResources||76,160|65,877| |3. ResourcesExpended|||| |||Total|Total| |||2025|2024| |||£|£| |Charitable expenditure|||| |Local Charities||)|0| |||0|0| |CostsofPrincipleActivities|||| |Theatre Productions||27,117|17,541| |Other activitieswithinthe Theatre||3,298|4,284| |||30,415|21,825| |Management and Administration|costs||| |Establishmentcosts||42,602|38,644| |Generaladministration costs||5,018|4,714| |Independentexaminersfees||0|900| |Depreciation charges||2,282|2,427| |InputVATdisallowed||4,513|0| |||54,415|46,685| |TotalResourcesExpended||84,830|68,510| A -11- ## Retford Little Theatre Notes to the financial statements for the year ended 31 May 2025 |4.|Tangiblefixedassets|Building
Refurb|Furnishings
&Equipment|Lighting&
Screen
Equipment|Total| |---|---|---|---|---|---| ||Cost||||| ||At 1June2024|19,656|125,089|15,230|159,975| ||Additions duringthe period|0|0|0|0| ||At31 May2025|19,656|125,089|15,230|159,975| ||Depreciation||||| ||At 1June2024|16,410|106,718|14,750|137,878| ||Charge|325|1,837|120|2,282| ||At31May2025|16,735|108,555|14,870|140,160| ||Net bookvalue||||| ||At 1June 2024|3,246|18,371|480|22,097| ||At31May2025|2,921|16,534|360|19,815| |5.|Stock||||| |||||2025|2024| |||||£|£| ||Stock|||1,802|902| |||||1,802|902| |6.|Debtorsand prepayments||||| ||Amountsfalling due within one year:|||2025|2024| |||||£|£| ||VAT refund due|||0|233| ||Prepayments|||5,278|5,205| |||||5,278|5,438| -12- ## Retford Little Theatre ## Notes to the financial statements for the year ended 31 May 2025 ## 7. investments ||CurrentAsset Investments|2025|2024| |---|---|---|---| |||£|£| ||COIF -Charitiesdepositfund|63,408|31,131| |||63,408|31,131| |8.|Cash atbankand in hand||| |||2025|2024| |||£|£| ||Virgin Moneycurrentaccount|9,550|59,124| ||Cash in hand|737|504| |||10,287|59,628| |9.|Creditors||| |||2025|2024| |||£|£| ||Amounts falling due within oneyear:||| ||VAT liabiltydue|471|0| ||Accruals|650|1,800| |||1,121|1,800| 1 -13- ## Retford Little Theatre Notes to the financial statements for the year ended 31 May 2025 10. Movement in funds **----- Start of picture text -----**
As at Incoming Outgoing Transfers As at
01/06/24 resources resources 31/05/25
Unrestricted Funds
General Fund 117,396 76,160 94,087 0 99,469
Total Funds 117,396 76,160 94,087 - 99,469
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11. Capital Commitments No capital expenditure was committed at the year end. 12. Other Financial Commitments As at 31 May 2025 the theatre was committed to making a payment of £15,500 under a noncancellable operating lease during the year to 31 May 2026 (£15,500 in 2024) 13. Contingent Liabilities There were no known contingent liabilities as at 31 May 2025 ## 14. Trustees Fees and Expenses One Member was paid a total of £2,000 to cover out of pocket expenses and honorarium for the year (£1,500 in 2024). ## 15. Employees The charity has paid £1,837 in wages to part-time employees (£1,914 in 2024). All other work is carried out by volunteer workers. ## 16. Fees for Examination of the Accounts The amount included in the accounts this year was £nil (£900 in 2024) ## 17. Exceptional items During the year, HMRC conducted a VAT investigation into the charity's affairs. As a result of this investigation £9,257 was paid regarding irrecoverable vat relating to previous years. =| CHARITY COMMISSION FOR ENGLAND AND WALES # Trustees’ Annual Report for the period ## From 01/06/2024 To 31/05/2025 Charity name: Retford Little Theatre ## Charity registration number: 513391 ## Objectives and Activities |Po
Summary ofthe purposes of||SORPeBeronG®
Para 1.17|Tofoster allformsofdramatic art| |---|---|---| |the charity as set out in its||especially live performance| |governing document||| |Summaryofthemain
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workfor live performances and| |purposes forthe public||to carry on and promote such other| |benefit, in particular, the||objectives asmay bedeemed by lawto| |activities, projects or||be charitable oreducational and within| |services identified in the||the regulations ofthetheatre| |accounts.||| |Statement confirming|Para 1.18|Thetrustees havecomplied with their| |whetherthe trustees have||duty to have due regard tothe guidance| |had regard to the guidance||on public benefit published bythe| |issued by the Charity||Charities Commission in exercising| |Commission on public||their powers and duties.| |benefit||;| ## Additional information (optional) You may choose to include further statements where relevant about: |a
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Policy on social investment||| |including program related||| |investment||| |||The executive committee are grateful to| |||all the volunteerswho contribute to the| |Contribution made by|Para 1.38|success ofthetheatres’ activitiesand to| |volunteers||thetheatre members and general public| |||whosupportitatallperformances.| ## ee ee Achievements and Performance |a
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Thetheatre has undertaken a number of| |---|---|---| |||productions this year, all ofwhichwere| |Summary ofthemain
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:|asuccesswiththeattending public.| |identifying the differencethe||| |charity's work has made to||| |the circumstances of its||| |beneficiaries and any wider||| |benefits to society as a||| |whole.||| Additional information (optional) You may choose to include further statements where relevant about: |Achievements against|Para 1.41| |---|---| |objectives set|| |Performance offundraising
activities against objectives|| Para 1.41| |set|| |Investment performance|Para 1.41| |againstobjectives|| ## Financial Review **----- Start of picture text -----**
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Review|of the|charity’s|The|net assets|of the|theatre|at 31|May| |financial|position|at the|end|2025 were £99,469|(£117,396|at 31|May| |of the|period|2024),|please see the|attached|accounts| |for|full|details.| |Statement|explaining|the|The|surplus|cash|of the theatre|is|held| |policy|for|holding|reserves|in|short term|or|immediate|access|bank| |stating|why|they|are|held|accounts|providing|some|interest on|the| |funds|deposited.|The theatre|will|use|its| |reserves|to|continue|to|achieve|its|main| |objectives|and|carry|on|its|main| |theatrical|activities.|It|is|the|policy|of| |the|trustees|to|retain|sufficient|reserves| |to|provide|activities|for at|least the| |future|year.| ||Amountofreservesheld| Parat22_|[g99469| |bl| |reserves|a|Ll| |Fadeficit| |uncertainties|about|the| |charity|continuing|as|a|going| |concern| |see)| **----- End of picture text -----**
## Additional information (optional) ## You may choose to include further statements where relevant about: **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |The|charity’s|principal| |sources|of funds|(including|| Pa"|1.47| |any|fundraising)| |Investment|policy|and| |objectives|including|any|Para|1.46| |social|investment|policy| |adopted| |A description|of the|principal|||Para|1.46| |risks facing|the|charity| **----- End of picture text -----**
## Sea ## Structure, Governance and Management |Descriptionofcharity's
trusts:
Typeofgoverningdocument|P|
pParet250|TrustDeed| |---|---|---| |How is the charity||Trust| |constituted?||| |Trustee selection methods|Para 1.25|Trustees appointed bymembers| |including details ofany||| |constitutional provisions e.g.||| |election to post orname of||| |any person orbody entitled||| |to appoint one or more||| |trustees||| |Additional information (optional)|Additional information (optional)| |---|---| |You may
choose to include further statements where relevant about:|| |Policies and procedures|| |adopted forthe induction|| |and training oftrustees|| |The charity’s organisational|| |structure and anywider|Para 1.51| |network with which the|| |charityworks|| |Relationship withany related | Para 1.51|| |parties|| |me|| ## Reference and Administrative details |||Retford Little Theatre| |---|---|---| |Othernamethecharityuses|
Registered charity
number|||
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513391| |Charity’s principal|address|WharfRoad| |||Retford| |||Nottinghamshire| |||DN22 6EN| |Ge||| Names of the charity trustees who manage the charity **----- Start of picture text -----**
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Corporate trustees — names of the directors at the date the report was approved
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Funds held as custodian trustees on behalf of others Description of the assets held in this capacity **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |Name|and|objects|of the| |charity|on|whose|behalf the| |assets|are|held|and|how|this| |falls|within|the|custodian| |charity’s|objects| |Details|of arrangements|for| |safe|custody|and| |segregation|of such|assets| |from|the|charity’s|own| |assets| **----- End of picture text -----**
## Additional information (optional) ## Names and addresses of advisers (Optional information) **----- Start of picture text -----**
|||||||| |---|---|---|---|---|---|---| |Type|of|Name|Address| |adviser| |Virgin|Money|26|Westgate,|Mansfield,|NG18|1HS| |[Accountants||Kettlewell& Co|_[Retford|Enterprise Centre,|Retford,|DN22 7GR| |Name|of chief executive|or names|of senior staff members|(Optional|information)| **----- End of picture text -----**
## Exemptions from disclosure Reason for non-disclosure of/ personnel details ## Other7 information Declarations The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees |Full name(s)|“Dpavin COX|Moan|Ttoun’d| |---|---|---|---| |Chair, etc)|||| |Date|40/9/25|||