Treasurer’s Report for the year ended 30th June 2024
As I sat down to write my annual report for the AGM, I was reflecting on the success of the show, Addams Family. This led me to ponder on what it is exactly that makes a show a success. Is it the camaraderie that is engendered throughout the rehearsals and show week? Is it the thrill of a standing ovation on opening night, and every night thereafter? Is it the incredible feedback from audiences? Is it the hugs and tears on final curtain? Or is it simply that the show makes a profit.
Well, I am happy to report that Addams Family was a success in each and every one of those categories. The show itself made a profit of £4,443.73, more than double the budgeted amount. This is the first time a show itself has turned a profit since Legally Blonde back in April of 2019. This profit has resulted in an overall surplus on the General Account of £5,496.83.
At a time when it has already become increasingly difficult for societies in similar situations as ours to turn a profit, this represents an amazing achievement and is due to the excellent co-operation and strategic decision making this current Committee has demonstrated. Long may it continue.
On the Show Report, you will notice that the actual ticket sales for the show were down from last year by about £4,000.00. The remaining items of income and expenditure were fairly comparable to last year. However, the show was able to make a profit because we made the decision early on to dispense with a live orchestra, which saved us over £5,000.00.
On the Balance Sheet, you will see that the net assets of the Society at the year-end are £51,515.91, represented mostly, as always, by cash in the bank, as well as deposits for future shows. This consist of deposits for Into the Woods and Shrek. Now, we have very recently completed the Into the Woods show, but it is too early for definitive results, as the books are not yet closed. This will be reported more fully in next year’s AGM, as it is strictly speaking in the new financial year. However, I can confirm that we have had some payments in and our current balances are as follows: Business Account - £50,000.00; Community Account - £4,937.37.
L. F. Brandt Treasurer – RMT 5[th] September 2024
28th February
| 28th February | ||
|---|---|---|
| Balance Sheet for the year ending 30th June 2025 | ||
| ASSETS | 30th June 2025 | 30th June 2024 |
| Balances at Barclays Bank | ||
| Premium Account | £50,186.67 | £47,128.44 |
| Community Account | £5,563.60 | £1,135.47 |
| Debtors | £0.00 | £0.00 |
| Cash held at year end | £0.00 | £0.00 |
| Deposit for future shows | £0.00 | £3,252.00 |
| Closing Net Assets Carried Forward | £55,750.27 | £51,515.91 |
| Represented by | ||
| Accumulated Surplus brought forward | £51,515.91 | £40,421.50 |
| Money held on account of Into The Woods | (£345.00) | £345.00 |
| Money held on account of Avenue Q | £0.00 | (£1,080.00) |
| Into the Woods | £2,866.88 | £1,888.85 |
| Shrek | (£4,907.51) | £4,443.73 |
| Less Refunds | £0.00 | £0.00 |
| Less Creditors | £0.00 | £0.00 |
| Surplus on General Account | £6,619.99 | £5,374.25 |
| Totals | £55,750.27 | £51,393.33 |
| General Account for the Year Ending 30th June 2022 | ||
| Income | ||
| Kinky Boots trip | £1,320.00 | £345.00 |
| 100 Club | £1,180.00 | £1,060.00 |
| Afterparty | £0.00 | £438.80 |
| Shrek trip | £385.50 | £521.60 |
| Shrek Workshop | £235.00 | £145.00 |
| Member annual fees | £2,040.00 | £2,050.00 |
| Donations | £0.00 | £157.00 |
| Gift Aid reclaimed | £1,235.00 | £1,270.00 |
| Panto trip | £210.00 | £120.00 |
| Dinner | £0.00 | £832.50 |
| Fundraising | £2,431.15 | £4,640.18 |
| Interest earned | £362.92 | £459.80 |
| Totals | £9,399.57 | £12,039.88 |
| Expenditure | ||
| Card transaction fees | £62.58 | £81.88 |
| Credit Card Interest | £0.00 | £9.16 |
| Shrek trip | £492.00 | £468.00 |
| Kinky Boots trip | £1,170.00 | £30.00 |
| Shrek Workshop | £150.00 | £180.00 |
| Dinner | £500.00 | £869.50 |
| Panto Trip | £196.00 | |
| Fundraising | £80.00 | £3,083.20 |
| General | £129.00 | £133.29 |
| Society Insurance | £0.00 | £1,565.60 |
| Examiner's fees | £0.00 | £0.00 |
| NODA Award | £0.00 | £0.00 |
| Photography | £0.00 | £0.00 |
| NODA subscription | £0.00 | £245.00 |
| Totals | £2,779.58 | £6,665.63 |
Surplus on General Account £6,619.99 £5,374.25
Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of RUTLAND MUSICAL THEATRE On accounts for the year ended TH 30 JUNE 2024 Charity no (if any) 513497 Set out on pages AACHED I report to the trustees on my examination of the accounts of the above charity ("the Trust.) for the year ended Responsibllitles and basis of report As the charitls trustees, you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 ('the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent tThe charity's gross income exeded £ and l am qualified to examiner's statement undertake the examination by b a qualified member of [insert name of applicable listed body]]. e [ ] rfnot applicable. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act" or the accounts did not accord with the accounting records; or the accounts did 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. I have no concems 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. Please delete the words in the brackets if they do not apply. Signed: Date: 4) Name: (J( fcu Relevant professional qualification(s) or body knJcQ. IER Oct 2018
(if any): Address: ?r-3u LLS Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidan for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018