9022 2023 Charity TLgi5trativn nutnTrKI'. 513769 West Kirby Musical Thcatre Company Annual Rcwrt and Financial StstrnJ¢nts' for rhe Year Etkd¢d 31 Julv 2023
West Kirby Musical Theatre Cornp#ny CoDlents (continued) Refcrcncc and Admini%ttative Details Ttu%tc, Report 2103 Statemeni of Tn]ieeq' Re%pon%ibilities Independent Extmthcrf% Report Siaienni ofFinancial Aciiviiie Balance Shcei Nol¢% to the FinanLtal Stdiemenrs 810 13
West Kirby Musical Theatre Company Reference and Administratii'e Details Chairrnan John ChTibsophcr Phippts Tru5tc¢s Fiona PhTIpo¢i Wcndy Chapman Nick Hawkswell fJtrry Jtthnston Kdiriina Youde John lThnsiopher Phipps Mich2el Ellis .8etrpl¥ry Charlty R&yl%tritlots NumbL'r 513769 Prirttip#l Office 28 Foresi Road M¢vl Wirral CH47 6AX Independent ExamiDer GRC A¢¢ouniants Lid 166 t3dnks Road WLs1 Kirby CH48 ORH Pagc I
West Kirby Musical The4tr¢ Company Tru5tce5' Report ThL tnJblCLS pfLSLmi Ihc attt)ual r¢poft IO¥Liih¢r wih IhL financial ¥ldicnKmts of Ihc Lharii> for th¢ yLar endL'd 31 July 2023. Objectives and rtiTrTrties Objects ttims Th¢ Sociely wM¥ foutKt¢(l in 1950 MRd ih¢4¢ its obj¢¢¢iic¥ 6s Iitid dowrt tts the ¢unYnl versiott ot i LonsiilUIIDn. Thl objLii of ihL Sociity is to iduLatv ihc public in th¥ dTamatlL and opLraiic arts, tt) fi]rthci thc dL'velopTnciit uf public appicciation and tastc in Ihc said artR. 10 58t and furth[ such chariiablc insiituiiikns and cliariiablc purposcs a5 Ihc Cornmill SI11 from timc lo titnc delcrtnint," ld in furtherancc of this objcci bul not oihcN'isc thc Sncicty through its Cjcncral Conimiticc %hall have th¢ folloiving powcTh.' l To promote plays. drama. comcdies. opcras, opcrcttas and othcr dramatic and opcrdlie works of eilucativc bl Tu purchase. dcquire and obiain interests in Ihe copyrighi of or lh¢ right lo p¢rlorm or show any such dramaliL operdric work Ll T() purLhd%L or i)IhL]wi%L acquirc plant. maehincry. fumiiuTC. fixturcs. fJtting%. sccncry and all oth¢T necessary ¢ff¢¢is dl To rai5c funth and inviic and rcciiv¢ CODtribuiion5 froTn any UT pir¥uns wha150Ler by of suhsLnPtii)Ii%, d()naliun ur vthL'nwse.' pn>vidLd Ihr ihL S(ILiLty shall ni)t und¢rtakc any pertnan¥Yil ITJdipg activiiics sn raL5ing funds To do 211 %tsch oiher Ihins>s as shall fvnher Ihe objccts of the Soci¢ty. Praerically spcaklng thi5 means p¢rforniing musi¢al$ annually or biennially in local theaire$ and prescnting onc¢rt% lo tai%e th¢ luttd% LO [orM thohe musica]8. Review of202J /22¥g43O11 Fi)Iliiwillg a break friiTh MarLh 2U2D due t() IhL C()vid pandLmllL, thL sI)LIL fL'L(InvLnLd in Augu 2021 for a SL'IIL'% vf VOL1 wam-up LyLniTrgs. bcforc N'gular w¢Lkly rth¢ar.vl% start¢d a¥ain, in prLpai&iion fui a Chii5tJtias C'onccrt in r)eccTnbcr 21121 at He%wll Hall. Relicarbals &iartesJ in January 2022 in pr¢par41ion for r JuTh¢ prodyrlion of Ihe Itjuhical 'C.hehh . On February 4th Russia iniaded Ukraine and there was unease airongTrsl some ol'our Inemb¢rs aboul a Enusic&l dealinbr Ith thL Lold war. and IncmbLTS playing aggrLssivL Russian ¥hdra¢rL'Tr. ThL dirLLtvr rL%tLnLd for similar TLdsons and II wu5 decided 10 £ancel Ihe produciion cornpleiely. There was no ¢harg¢ frutn th¢ ihealte and Ihe nsthis holders T¢tiIDded our d¢posit. so our finanLial exposure was limired 10 rehear%al eosls. Instd, it dLL1Ml to pur tOblLthLr a Lnn¥irt in IhL I1.'k wc wuuld bL'LIJ PLrfumiinB and this SU¢C¢55fully T31Scd tuD(Ls IthWnTd% our planned Novcmbcr 2072 mu8ical 'A Chri*mas C'arnl.. The Company invcsrcd a ncw digital piano lo r¢place our previou% keyboard which had donc ovcr 12 ycar5 raiihful .4cTh-ic¢. The ColPallY ioiiiinues ti> hc in d financial position- with a incrnbcrsliip of over sn. We could with havin¥ more younger male membcrs. bui thi5 IS true foT mo.%1 rrtusical Ih¢aiit groups. All Trust agr¢¢d io continu¢ servittg for the thle season, so there no chanw to Ihe m4kUp of the Cvrtipany Tnisiees. Structure. governance manageDnt ufxoverKi•J# Thl Q harily 1% tnanagcd and govcrned by thc Management Committce con8i8ting of Chair, Sccrctary. Trcasurcr nd 4 oiher meMr appoinled ai Ihe Annual (ieneral Meeling oCih¢ Srfieiy. Pag¢ 2
West Kirby lUSICal Theatre Company Tru$tees' Report (continued) Thc annual rcp)rt was &ppr()ved by the trustees of ihc charity oll..... and 5i8ncd on its bchalf by.. John Clirigiophtr Phippg Chaimian afjd irusiee Pagc 3
West Kirby Nlusical Thealr¢ Company Statement Df Trustces, ResponsRbilitle5 The IrusiLL'b arc rL'spon&iblc foi prLVdrin¥ IhL Iru¥lLL&' fL'Ptsrt and thi linanLldl bi&icminls in with lh¥ Unitcd Kin7d) Aiiouiitsn& Sl]dards. Iuniicd Kiiigyd(im Gcncrally A¥icpicd Aiwuntiiig Praiij¥¢l and applicable law and rtgulatinns. The lam" applirabl¢ lo charitie% requir¢% Ihe iru51ee5 lo ppare finJncil 5WleinenLs for e¢ich financial year w'hic Tive a Irue and tair view of Ihe siare of affairs of the chariry and of the incoming resources and application of &VUTC¢S uf ihL Lhatity for that PuriJ. In piipaTing ¢h¢sL" finanLiol &utL'mLnrs. thL' ttuslcls arc rLqlEITL Iu.. select suitable acci>uniing policies and then apply ihem consi%lenily' abserl'e th¢ meth(8 ?nd principles iD the Charitie% SDRP. make judgcmcnts ld cstimaics ilial arc rcasonablc and pA¢t., 4tat¥ whLih¥i JppliLdhl¢ it¢¥(iuntiii¥ %tdiiddrd% hdV¥ hLLii folluwcd, SllbjLLI to arty dLpartutLs discloscd and cxplaincd in Ihc financial ststcmcnt5', and pr¢par¢ the financidl Rldlemenis on ihe goinb concern b&s'is Lfnless it is inappropriaie io prtsume thai ihe charilv will conlinue in busine55. Thc 1rust¢¢ arc Tc4.[bIC for kccpin8 pfopcT accouniing rteords Ihat disclose wilh roasonablc zccuracy ai any iimc Ihc financial position ot Ihc chariry and cnablc thcTn to cr55we that tht financial 5tatctnents t()mply ivith the Charitic% Act 2011. the Cllarilieg (Accounts and Rcponsl Rcgulations 2008. and the provistons of ihc conqiiiuiion. The Iriisiees are also responsibl¢ for saf¢giiarding th¢ as%els of th¢ ¢hdriiy and henre for iaking r¢llsunable &leps fur Ihe pteveniiun #nd deieLliun of Irdud other irregulariiies. Th¢ tr%1¢ JT¢ rSpI}n51b1¢ li*r the Inaiplenanie dnd IiilLgTily iyf th¥ LcTrTPI)le xnd finanLial infilmli1)n iDcludcd on the charitablc cotiipany's ivcbsiic. Lcgislaiion govcrnitlg thc prcparation and dL5sclliLnalion of rjnancial ststctnents may diffcr froTR Ic8i$lation in otheT jUTisdidions. Approve4 trustees of Ihc charity on .. and qignd on ils bchaifby.. Juhn C-hri%iophcr Chaimmn and Trusicc Page 4
West Kirby Mu$ical Theatre CTrmpany Independent Examiner's Report to the tru$tee$ of West Klrb}' Mu%lcMI Thcatrc Compan}. I rLport to thL trnsicL.s on my LxiJmin>Jiion of thL' aLLI)nIS of WL%I Kirby Mts%iLdl Thedtre Cc?Tnpany fi)r th<. year ende(131 July_?O23. Rt#ptsnsibilitits and b151$ ofreport .45 Ihe Lharit! tru51¢¢5 Ot- West Kirby MusiLal Theaire Company you are responsible for the pr¢pJrdiion of ihe a¢¢tsUts Jn R¥¢v[L¢ with th¢ F¢4UIT¢lI)ents of thi ChaTilii's A¥1 2011 I'the Aa'l. I roport in Icspcct of ffly cxatnination of thc Il'csi Kirby Mu55cal Thcairc Con3pany's accounts carricd oui undcr seciion 145 of Ihe 2011 Aci and in carrying oui my examtnaiion I h2I"e followcd all the applicable Directions giien by lh¢ Charity Coinmission under seciion 14515llbl of the Aci. Indcpcndcnt txaminer's statemcnt havL LompILlL Inv ¥Xdminaliun. l ivnfimi that nu IndtLrtal mdltLrs hdvL' Ivml tv my alt¥nlivn in ¢unk¢Ltivn with Ihe ¢xainination giNiog In¢ raus¢ lo beli¢ve Ihal in Any mal¢rial respect.. atcoiTrniinbT rc¢ord% ivcrl noi kcpi in T¢8P¢Ci of Wc$i Kirby Musi¢al Th¢air¢ C"ompany ag ruired by section 110 ofilie Aci.. or 2. lh¥ noi wilh ihusL ILLurds; UF 3. Ilie accounts do n()1 comply w'iih Ilie accounliiibT requireiiienis conctmiiig Ihe lorin and conieni ofacLouni> 5¢t out in the C'haritie5 (Aoi1tS and R¢pgrtsl R¢gkilations 2008 oth¢T than any r¢quir¢Tnent that the aLL(iuni% givL a 'true and fair view whiLh is not a Inaner considered as part Df an indepcndent exomitWl<)rt. I have no eollcerns arKI have come across other matteTS ill C0121]ection wiih the examination to wthtch 4it¢tLtiort should drawn in ihis rcport in OTd¢r to ¢nablc a piopLr uiiderstanding of the aceollnts to b¢ reachLd. A/< GdrLth CPer ACCA 106 Ranks Road W¢51 Kirby Wiryal CH48 ORH 1213/14 Pagc 5
West Kirby Miisical Theatre Company Statement of Financial Activities for the Year Ended 31 July 2023 Unrestrirled furtS -I'nt¥l 2023 rlotc Incorne and Endom'ments from- t)onaiioiib and Icgacics Qiher trading 2CtJvities 7.?nS ?3,717 7.2Q5 ?3.717 Total incoTne 3Q.922 30,9?2 Expendkture on.. Ratsing fund8 C'haritable aclivitie5 131.7641 (3.¥921 131,7641 13.¥921 Total eXidi(rC 135,6561 135.6561 Nct cxpcndsturc 14,7341 14.7341 N¢1 moi'emeni in funds 14.7341 (4.7341 Keconeiliation offunds Toidl funds brougtrhi forward 25,991p Total fun(ls cJrri¢d forw&rd ?1.262 Unrrstrictcd funds 11.262 I'ot21 2022 liote Incom¢ and End0methI% from: Donations and I¢¥HLi¢s OIliL'r iradiii¥ aciiviiies Oih¢r in¢om¢ 3.140 3.140 910 910 Total inLome 15.701 15,701 Expendliure on: R3isin¥ lund Chariiablc activiiics 111.9071 111,907) 2.9441 Tolal eXndIlre Nei JnLome 850 850 Nct movcrncnt in fund5 850 850 Reeonelli8tion of fund8 Ti)t41 fut bruubrhi funvard Toial funds carri¢d fDrwaTd 15.146 25.146 25.496 25.996 .411 of the ¢haTity's aLliviti¢s drrive frum ¢onfinuing op¢ration5 during the above two p¢riods". The funds breakdown for ?022 is bhvwn in noie 12. Thc iH)tcs pag¢s S to 13 form an intc¥rnl part ot'thesc financial qtatCTnciILs. Pagc 6
West Kirby Musiegl Theatre Company (Rc%istrgtion number: 513769) Balance Sheet ss at 31 Jul), 2023 2023 2022 At Flxed assets Tangible asseis Current #55ets Dcbtors Cash ai battk atjd in haod 10 2.674 17,475 3.694 21,256 ?0.149 •4,95n el a5set5 ?5.996 Fund$ of tbe ¢harlty: Lnre5tricted income fund5 'nrebirsciod fndS ?5.996 Total funds 12 jl.262 25,996 Th¢ finantial siatemenis ort pab?es 6 10 13 were approved by Ihe Ils1¢e5. and Huihorised (or i5Sll¢ Oti and signed on Ih¢ir beh8lf by.. John ChrisiophLr Phipps Chainnan dnd tru%iLC The note.1 on pa8cs 8 to 13 form an intcgral plrt of th¢ fiTwn¢ial %tstemtnL8. Pa¥¢ 7
We$t Kirby Trlu$ical Theatre C(Jmpany Notes to the Financial Stalements for the Year Ended 31 Julv 2023 l Aerountin¥ polici¢5 StAttmtnt of tompllxntt The findnildl 51dlein¥nis hdve been prepared in aLL41rdanLe wilh the Sond edjiion of the Chdritiets Stdlvmeni of Recnrntncndd PtaitiCL i%suttd in OciobL'r 2019. thc FinanLial RLtK)rtjllB Statdard applicable ip the UniteAI Kingdotn and Republic ut Ir¢lgnd IFRS 1021 and the Chariri¢& Alt 2011. Basis of prep4ratfftTrn Wcst KiTby Musi¢?1 Thcatrc Cthmpany Mt$ th¢ d¢finition of a publit benefit cntity und¢r FRS 102. The iiccounig (financial siaieiJents'1 hai'e been pr¢pared under the hi%lorical cost coiiK¢niion with it¢m5 r¢cognised ut iusl vr Irllnsttilivn value unless oiherwise siai&l in Ihe relei'ani noidsl to Ihese aLLY)unis. ¢on¢ern The InJ%tees congiocr thai therc are no maicrial tjnccrtainries aboiii Ihc charFty'8 ability 10 coniinuc a% a going c(>ntern. Jn¢tsm¢ tthdowmttht$ ulunittry In£ome irtLlud4ng donaiions. gifts. legacses and grants thai provide core funding or art of u g¢nernl natur¢ Is Tixu¥nisid wh¢D th¢ ihdrity ¥nliilL'lnLnl lu IhL inLumL', li is probijble thai IhL income ivill bc riLL1vL wid ihL amount Laji bL mLa5urkd with sutyiciint rcliahi12ty. Dunaliutts and legaLieb llre recognised on a rtt¢ivable babis when r¢c¢ipl is probabl¢ th¢ atnowii Can be r¥ls8bly tli5u[Cd. Exp¢nditur¢ All L'XPLndiiure is rLeognisLd oncc ihLrc 1% a Iigal or Lon%truciiv¢ ohligution In that cxp¥nditUTC. it is probable .%cttlcnirnt 1% T¢quiwd and tli¢ artiDunt cali be i))casurcd rcliably. All cOS arc allocatcd ro Ilic applicablc cxpcnditurc hcadillg thai &ggrcgatc sirnilar cost5 to that catc¥ory. Whcre CO%Li eannot bc directly atir1buled 10 prtrticular headin¥¥s Ihev have been allocaied on & basi4 conNi41¢t wilh Ihe use of urCes. '11h Cefiiral %iaff Losts allvLuied OD the basis (If iinit spenl. and depreLldlion Lharbkes alloLaieJ on the portion of Ihe abbtl'b Use. Oiher support cosis are allted based on ihe spread ot stst7'costs. RaisiNNf¥nds Thc%e are costs incurrc41 in aiirdciing voluntary incomc, Ihc manag¢mtrti of invcsimenil and Ihoqe incurrcd in Ifllding aclivilitt ih8t roise lund4. Gov¢rnAn¢t ¢o$ts The InLliide rhe Losrs anribiiiable io the Lh¥rtV'8 ioillpliAnc¢ with cunsiirutional and stattilory T¥(4iiiTvmenis, inLludin¥ 8udii, stydt¥¥ll illLLtirtxs dnd rLimbiirbLd xnsl5. Pagc
West Kirhy Musical Theotre Company Notes to the Financial Statement$ for the Year Ended 31 Jul). 2023 (eontlnued) Taxatlo Th¥ ¢hdTity i¥ lon51deil to p45$ the ie5ts set out ill PJragTr&ph I .hedUle 6 01. Ihe FtnanLe ALI 2010 4knd IhLTLfi)rc li m¥bt8 thL dLfTrniiiim of d Chlabl¢ Llimpiiny r()r UK LI)[p()li(?ll lax PllTPOSLS. Acc(IrdingTIy, EhL cliarity J.5 potenti1V £NeJiipl tram Taxatii>ii IN respect of iDci>ii?e ¢apilal gains received withiJJ caregnries covcrcd by Chapicr 3 Part I l of ihc Corwraiion Tax Act 2010 or Section 25Ci of thL Taxation of Chargcablc LTains Arl 14412. 10 th¢ extent thai Such income orgain5 are applied exclusively to chaniable purposes. Tangible flxed a55e15 Individual lixed &ssets iosting £V.UO OT tnvre are initially re¥orded ai LOSI. less any subseqtjeni acLumiilaithl dLyYLiiaiion iubse4Uint accumulaicd iinpaiment IossL&. DeprecialloD and aTDortl5atloD t)eprecialion is pr01dtd on iangible fixed as4eis so as lo WTil¢ orr Iht CO51 or valuaiion. less any eslimated residudl value, oier Iheir expecied tjseful economic life as f(¥lloTh's.' Trado dtbtors TrddL d¥bior5 ainounts due frojn LY5t()erS for mffrhandis¢ wld or setViLY5 prfoTJnd in thr 05dinary ourbL of busiiJLss. Tradc d¢biors arc rccogniscd iniiially at Ihc Iransaciion pricc. Tlicy arc sub5cqucnily Incasurcd ai arnorliscd cosi ing the eff¢cliv¢ iJit¢i¢.sl Jn¢thrf provi.%ioJi for in1{JI1ejJi. A pr0TrJ50Jj for the impainT>eni of trade debiors is esiabltshed when Ihere is objeLiive eNJdenLe Ihal th¢ charity will not be able to uolleLI all amounts due a¢rording to ihe origittlll i¢rms of iht r¢¢tll"2bl¢s. Cash And cH8h equi%'aleDts Cash and cash cquivalcnts compri.%c c&sh on hand and call dcposilq, and othcr qhort-lcrm highly liquid inve%trtients that aTC fL2dily canNertible to a kmown of cash 2nd are subject to an in8ignifie211t risk of changc in valuc. Fund Strrtur¢ Unre51rieied incoine funds are generÉLI funds thai dre awailable for use ai ihe irnsiees discrelion in furtherdnce or the Objilve5 of the charity. Pagc
West Kirby Musical Theatre Company Notes to th¥ Fln#nclxl S¢alement% for the YL#r Ended 31 Jul). 2023 (contlnued) 2 IncomL' from don#tlons Skd IL7¢les Unre5trieted fttttds G¢n¢ral Total 2023 Tot%1 2022 Donatlolls and legaii¢s,' t)onalions trom individua15 Gift aid rLlaimLd Re¥iilaT BivIR¥ 2nd e&piial donatiott% 856 1.095 5.254 856 150 5.254 7205 Unrestrieted funds Celler&l 'I'otg1 fulld$ DI)tIOnS ILLTaLIL'S' Donations froni individual Gift aid Tlclainicd Regular giving and capital donaiion5 Tnt#l for 2112.1 856 1,095 5,254 856 ,09.$ 5,254 7.205 7.!05 Tot81 for 2022 3.140 3,140 3 Income from other trading 8ctii'itie5 UDre5tr1cted funds Gener1 Total funds F.vcnis income.. Oth¥r cvcnls snrornL 3,717 Tfitsl fnr 211Z3 23.717 ?3.717 Total for 2022 4 F.xptndltyrt on r&lslng fund5 o) Co$t5 of trading Actlsrytic5 Pase 10
West Kirby Music41 Theatre Companv Note5 to the FinAncial Statements for the Ylbar Ended 31 Jul) 2023 {continuLd) Unrtstritted fund5 GeneTal Total funds Trfjt¢ Costs of gfMid% %old 31,764 31.764 Ttstal for 2023 31.764 ?1.764 Total for 21122 11,907 11.907 Totsl Costs 5 Expendire on thAritable activlties Unr¢$irl¢ted funds Gtntrl Total fll#d5 rJoTrernartce costs 3.892 3,892 Tolaj for 2022 2.944 2.944 Total expendlture 6 .Inal)'515 of govirDancL' and Support cost5 GoverAAnce costs UArestrl¢ted funds Gener4J Tot41 fund5 I)¥pt¢£iatton. amvrti4ation 4t vthei.4iinilat LtsSL4 OthLr guvernanLL iosts 371 3.521 Total for 2023 3.892 3.892 Toi•l for 2022 2.944 2,944 7 Trustee5 remuneration and expense¥ Nu Itwsiees, nor 8ny persons lnneied with them. ha%* received any remuneration fr the charity during Ihe ycar. No irnstccs havc reecived any rcimburscd cxpcnscs or any orhcrbcncfits from thc chariiy during thc y¢ar. Page I
West Klrby Musical Theatre c.ompany Notes to the FiDancial S¢atement5 for tho Yl'ar Ended 31 Jul). 2023 (continued) 8 Tax¥tlon ThL Lhariry 1$ a rLgister¢d charity and is thrL.f0 ixLnpt frum taxation. 9 T9llglbl¢ flxtd 4$sd¥ urniture and eq4hlpm¢nt Total Cv$t Ai l Augubi 2022 Addiiions 1.395 438 .395 438 Ai 31 July ?{123 1.833 l.X33 Deprt¢ition Ai l Au¥u%l 2022 C"hai¥Te for die y¢aT 349 349 371 -41 31 July 2023 7*0 720 tt boolE value At 31 July ?023 -fyt 31 July 2022 1,046 1,046 10 Debtors 2023 2022 PreY[ents 2.674 3,094 I I Cash cash equlvalettt$ 2023 2022 Cash ai bank 17.47.S 12 Fufjd$ tht 31 July 2023 -lugust 2022 resour¢e5 expended Lnrestritted funds Gcncral 25.9116 30.922 135.6561 21.262 Page 12
We$t Kirby Muslcal Theatre Companv Notes lo the Financial Siatements for the Year Endgd 31 Jul). 2023 {conifinued) Balante at I ,lugust 2021 R¢snurfe5 expL'nded B•l8Thce at 11 July 2022 re50ur¢es L Trrestrlcted funds GeneTal 25.146 15.7UI 25.996 Page 13