## **WOOLSTORE COUNTRY THEATRE Charity Number 800154** ## **Trustees' Annual Report for the year ended 30[th] June 2023** The Trustees during the period from the previous report were as follows: Angus Robert Bramwell (Chairman) Mrs Sarah Archer (Secretary) Mr David North Mrs Diane Harvey Bridget Lorimer (Treasurer) William Johnson (Appointed 10 October 2022) Louise Nash (Appointed 25 July 2022), Resigned January 2024) Mike Walker (Appointed 11 April 2022, Resigned 2023) Alan Biggs (Appointed 11 April 2022) Caroline Thorton (Appointed 16 April 2021) Martin Steel (Appointed January 2023) Keith Rattray (Appointed 24 August 2023) ## Structure and Governance The Charity was established by Trust Deed in 1968 and is registered with the Charity Commission (number 800154). The Premises are the Woolstore Theatre, High Street, Codford, Warminster, Wiltshire, BA12 0NE. Contact details are: The Secretary, Woolstore Country Theatre, Hope Cottage, Townsend, Wylye, Warminster, Wiltshire BA12 0RY. Officers and Trustees are elected by the members at the Annual General Meeting. Trustees are not remunerated and no expenses are incurred. Training is provided by the existing Trustees. ## Objectives and Activities The Objects of the Charity are to educate the public in the dramatic and operatic arts and to further the development of public appreciation of the same. It is organised as an independent association of local residents who become members by subscription. The main activity is the production of plays, drama and musicals by amateurs. Trips to professional performances of plays are organised and the theatre also shows films and organises workshops and is used by local organisations for varying events. The charity received £1,910 in subscription in the year (2022: £2,069) and is focused on expanding the membership in future periods. The Trustees confirm that they have referred to the guidance contained in the Charities Commission’s general guidance on public benefit and consider that the activities and decisions of the charity are conducted in accordance with the guidance. 1 ## Achievements and Performance All the activities of the Theatre involve a large number of people who give of their time and expertise. They range from the Directors of the plays and musicals, the actors and singers to the wardrobe and props, the design and printing of the programmes, and the people who help backstage. Lastly there is the administration and the running of the bar and the cleaning. We could not function without the dedication of a large number of people, and the support of our members. We are fortunate to have this lovely Theatre on our doorstep. ## Financial review In order to ensure the ongoing success of the theatre a programme of improvements and repairs has been initiated and will continue into the current period. In the year ended 30[th] June 2023 a programme of electrical and lighting repairs and general maintenance was completed. Repairs and maintenance costs in the year ended 30[th] June 2023 totalled £8,776. Capital expenditure in the year ended 30[th] June 2023 totalled £17,573 including a considerable investment in sound and lighting equipment. A projector and projector screen costing £7,542 were acquired, which will remove the necessity of hiring such equipment in the future. During the current financial period since 1/7/2023 there has been further expenditure including new carpets throughout the theatre and new furniture. A laptop and equipment for the online booking systems has been acquired. Two Sum Up machines and a tablet to ease the functioning of the bar have also been purchased. Our current project is to refurbish and upgrade the toilet facilities. Lighting upgrades are ongoing. Net outgoing resources in the year ended 30[th] June 2023 were £14,257 (2022: £4,761). The charity has sufficient reserves to ensure that these costs can be incurred to ensure the future success of the Woolstore. The Trustees keep the risks affecting the Theatre under review and also the policies relating to child protection, equality, health and safety etc with which we have to comply. The investments, managed by professional stockbrokers on behalf of the charity were valued at £216,348 at 30[th] June 2023 (2022: £244,014). The value of these shares is under close scrutiny and regular review. The reduction in value is in line with expectations, given the current economic climate. Whilst the investment values have reduced there is no intention of selling any substantial amount of the portfolio and, over time it is felt the investment values should rise again. ## Trustee’s responsibilities statement The trustees are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing these financial statements, the trustees are required to: 2 - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the applicable Charities SORP; - make judgments and accounting 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; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees' annual report was approved on……………………………….. and signed on behalf of the board of trustees by: Signed on behalf of the Charity's Trustees ………………………………………. Chairman 3 WOOLSTORE COUNTRY THEATRE CODFORD WARMINSTER WILTSHIRE BA12 ONE (Charity Number 8001541 ACCOUNTS for the Year Ended 30 June 2023 Independent Examiner: John Nuth & Co., 12 Burymead, Codford, WARMINSTER, Willshire BA12 ONU, Bankers.. Sanlander Business Banking, Bridle Road, Boolle. L30 4GB. StockBrokers JMFinn 4 Coleman Street London EC2R STA CONTENTS Page Trustees, Report Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Accounts. 7-11 WOOLSTORE COUNTRY THEATRE Charity Number 800154 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2023 Notes Year Ended 3D￿un-23 Year Ended 30Jun.22 Incoming R8sources Volunlary Income Activities for Generèling Funds Investment Income Incorning Resources frotll Ch8rit8ble Activities Other In¢orning Resources Total Incorning Resources 4.316 8.483 e.157 18,513 5,402 3,531 6,044 8,354 37,469 23,331 Re80ur¢es Expended Fundraising trading costs Charitable Expenditure Governance Costs Other Resources Expended Total Resources Expended 3.838 10.463 840 36,585 51,726 2,024 4,595 768 20,705 28,092 Net Incominglloutgolngl Resources 114,2571 14,7611 Unrealised Nel Gains/lL05sesl on inveslmenls ProfitllLossl on disposal of investments Equalisation 110,9481 223 138,9671 {4,019} Net Movemènt In Funds 24.982 147.7471 Total funds brought forward 344,360 392,107 Total Fundj at 30th June £319,378 £344.360 WOOLSTORE COUNTRY THEATRE Charity Number 800154 BALANCE SHEET AT 30TH JUNE 2023 at 30 June 2023 at 30 Juna 2022 Fixed Assets Tangible Assets Investmenls Total Flxed Assets 85,951 216,348 302,299 78,482 244,014 322,496 cul￿nt Assets Stock Debtois and Prepayments Cash in hand Cash al banks Total Current Assets 541 2,668 634 14,516 18,359 360 2.457 655 19.656 23,128 Lass Credltors IfallSng due wlthln one yearl 1,280 1,264 Net Current Assets 17,079 21,864 Net Assets 319,378 344,360 Rapresented by.. Funds brought lorwaid Net Inflow of Funds in the Year 344.360 124,9821 392,107 147,7471 Funds carried fO￿ard 319,378 344,360 Approved by Ihe Trustees on and signed on Ihoir behalf by Trustee WOOLSTORE COUNTRY THEA TRE NOTES TO THE ACGOUNTS FOR THE YEAR ENDED 30tH JUNE 2023 Basis of Accounting The account5 have been piepaied in accordance wth FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic o15relalld",Ihe Slateiiienl ol Recommended Prsr.lice applicable to cliarilies preparing their accounts in accordance wilh the Financi81 Reporting Standard applicable In the UK and Republic ol Ireland IFRS 10?) (Charities SORP IFRS 10211 and the Chaiilie5 Act 2011. The linancial staletnerils have been prepared on IhE historical col basis a5 modified by the revalLJ81ion of listed inveslmenls lo market value. Accounting Pollcies INCOMING RESOURCES Recognition ol Incomlng Resources: These are Included in the Slalerneril ol Financial Aclivi1185 ISOFAI when the Charity becomes enlilled lo the resourrEs and the Trustees are certain they wll be received, the monetary value can be measured with suffiaenl reliability. and Incomlng Resources with related expenditure.. Where Incoming resources have related expenditure these are both included gross in the SOFA. Volunteer Help.. Thé value of any voluntary help received is not included in the accounts bul is described in the Truslees, Annual Report. Investrnent Income: This 15 included in the a¢counts when ￿￿1vable. Investment Gains and Losses.. This includes any gain tsr loss on the sale of investments and any gain or loss resutting from revaluing inveslrnent lo market value at the end ol the year. EXPENDITURE AND LIABILITIES Recognition of expenditure and liabllltle$- These have been iecognised a5 soon as Iheie is a legal obligation committing the charity lo pay. Governance Costs.. These include the independent exatnination of the slalulory accounts. accountancy costs and the costs relating to Ihe AGM. ASSETS Tanglble Flxed A55ets: These are capitalised il they t%n be used lor more than one year and cost at188St £500. They are valued al cost and depFecialed over their estimated useful life. Freehold buildings are depreciated at 41 straight line and other fixed assets are deprecialed at 20°h Slraighl Line. Impairment ievEws are compSeted annually. Investments.. Investments are valued al rnaiket value at the year end. stock: stock Is valued al the lower ol Cost or rnarkel value. WOOLSTORE COUNTR Y THEATRE NOTES I'O THE ACCOUNTS FOR THE YEAR ENDED 30TH JUPIE 2022 Year Ended 30.06.23 Year Ended 30.06.22 31 ANALYSIS OF INCOMING RESOURCES Voluntary Income Donations Raffle and Lucky Dip Willshiie Council Subscriptions and Tax redaim Gift5 and Btsquesls 2,253 153 166 3.167 2.069 1,910 4,316 5.402 Activltles for Generating Fund5 Interval Bai Inlerval Coff&e,Ice Cream & Food Adv8rtisemenls in Programmes Coslume Hire ,975 1,233 50 225 8,483 2.724 507 240 60 3. Jf31 Investm•nt Income Investment Income Bank Interest 5,192 5.279 765 6,044 6,157 Incomlng Resource5 fTom Charltable Activities Ticket & Pfogramtne Sales from Performance5 Ticket Sales from Filtns Hire of Theatre Thealre Tr4p5 13.563 4.800 150 5,470 2,884 18,513 8,354 other Incoming Re50urce8 Hire of Theatre TOTAL INCOMING RESOURCES £37.469 £23,331 WOOLSTOFIE COUNTRY THEATRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2023 Year Endod 30.06.23 Year Endtd 30.06.22 41 ANALYSIS OF RESOURCES EXPENDED Fundralslng Tradlng Co8t5 Bar cosls Coffee & ice G￿8M costs 3,087 751 3,B38 1,773 251 2,024 Ch?Tltablo ExpBnditure Cosl ol productions Cosl ol films ThEaire Iiip costs 6,261 4.202 2.011 2,584 10,463 4,595 Go¥8rnance Costs B40 768 othor Resources Expended Repairs, mainlen8nce and replacetnenls Rates & Water & Sewerage Telephone 8,776 536 471 9,022 3,226 298 2.086 60 52 1,108 36 395 155 1.155 10,104 18971 36,585 2,079 219 566 4.371 2,715 405 2,543 192 84 30 72 100 Insurance Licences Professional Fee5-J M Finn Wèbsite & compullng cosls Pos13ge & Sl8iionery Advertising Subscriptions Cleaning Bank charges MisTrllaneous Dpprecialion Profil on disposal 177 7,152 20.705 TOTAL RESOURCES EXPENDED £51.726 £28.092 WOOLSTORE COUNTRY THEATRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2023 51 Tanglbl8 Flxed A888ts Freehold Land & Bulldings Curtalns & Seats Equlpment TOTAL Computer8 Assets at Cosl Balance brought forydrd Purchases in Year Balance rArri8d forward 147.387 13.653 16,982 17,573 36,556 180,022 17,573 197,595 147.3B7 13.663 Accumulattd DopreGlatlon Balance broughl lo￿ard DepreGialion charge lor the year BalanG8 C8rried fO￿ard 70,734 5,879 76.613 13,653 17.153 4,225 21,378 101.540 10.104 111,644 13,653 Net Book Value at 30th June 203 70,774 16177 £ 85.951 al 301h June 2022 76,653 £ 1,829 £ 78.482 Depre￿allOn used 4%511 20133%125%811 61 Inv95tm8nt A55ets 30.6.2023 30.6.2022 Market value at 30 June 2021 Addilitsns lo invesim8nt8 at cost Disposals at opening market value Unrealised net gain in th8 year 244.014 31.081 147,7991 110.9481 284,292 20,146 121,4571 -38,967 Market valuo at 30 Jun? 2022 216.348 £244,014 WOOLSTORE COUNTRY THEATRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 23 30.6.2023 30.6.2022 71 Debtors & Pwpgympnls Sundry Debtors Prepaymen18 1,500 1.168 £2,66B 1.500 957 £2,457 81 Cash at Banks Sgnlander Commerelal Bank JM Finn Deposit & Income Account 13.487 1,029 14.516 14,138 5,518 £19.666 91 Cr8dltors falllng due wlthin 1 year Heal and Light Independent Ex8min81ion Water 8ar Purcha5e$ Income in Advance for Productlons Accountancy Professional Fees Telephone Adverts and Pholocopying Repairs & MainlenanG8- Light1n9 Repairs & Mainte￿an¢￿- Other 339 120 41 4QO 120 20 690 624 100 £1.280 1,264 WOOLSTORE COUNTRY THEATRE CODFORD WARMINSTER WILTSHIRE BA12 ONE (Charity Number 8001541 ACCOUNTS for the Year Ended 30 June 2023 Independent Examiner: John Nuth & Co., 12 Burymead, Codford, WARMINSTER, Willshire BA12 ONU, Bankers.. Sanlander Business Banking, Bridle Road, Boolle. L30 4GB. StockBrokers JMFinn 4 Coleman Street London EC2R STA CONTENTS Page Trustees, Report Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Accounts. 7-11 WOOLSTORE COUNTRY THEATRE Charity Number 800154 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2023 Notes Year Ended 3D￿un-23 Year Ended 30Jun.22 Incoming R8sources Volunlary Income Activities for Generèling Funds Investment Income Incorning Resources frotll Ch8rit8ble Activities Other In¢orning Resources Total Incorning Resources 4.316 8.483 e.157 18,513 5,402 3,531 6,044 8,354 37,469 23,331 Re80ur¢es Expended Fundraising trading costs Charitable Expenditure Governance Costs Other Resources Expended Total Resources Expended 3.838 10.463 840 36,585 51,726 2,024 4,595 768 20,705 28,092 Net Incominglloutgolngl Resources 114,2571 14,7611 Unrealised Nel Gains/lL05sesl on inveslmenls ProfitllLossl on disposal of investments Equalisation 110,9481 223 138,9671 {4,019} Net Movemènt In Funds 24.982 147.7471 Total funds brought forward 344,360 392,107 Total Fundj at 30th June £319,378 £344.360 WOOLSTORE COUNTRY THEATRE Charity Number 800154 BALANCE SHEET AT 30TH JUNE 2023 at 30 June 2023 at 30 Juna 2022 Fixed Assets Tangible Assets Investmenls Total Flxed Assets 85,951 216,348 302,299 78,482 244,014 322,496 cul￿nt Assets Stock Debtois and Prepayments Cash in hand Cash al banks Total Current Assets 541 2,668 634 14,516 18,359 360 2.457 655 19.656 23,128 Lass Credltors IfallSng due wlthln one yearl 1,280 1,264 Net Current Assets 17,079 21,864 Net Assets 319,378 344,360 Rapresented by.. Funds brought lorwaid Net Inflow of Funds in the Year 344.360 124,9821 392,107 147,7471 Funds carried fO￿ard 319,378 344,360 Approved by Ihe Trustees on and signed on Ihoir behalf by Trustee WOOLSTORE COUNTRY THEA TRE NOTES TO THE ACGOUNTS FOR THE YEAR ENDED 30tH JUNE 2023 Basis of Accounting The account5 have been piepaied in accordance wth FRS 102. 'The Financial Reporting Standard applicable in the UK and the Republic o15relalld",Ihe Slateiiienl ol Recommended Prsr.lice applicable to cliarilies preparing their accounts in accordance wilh the Financi81 Reporting Standard applicable In the UK and Republic ol Ireland IFRS 10?) (Charities SORP IFRS 10211 and the Chaiilie5 Act 2011. The linancial staletnerils have been prepared on IhE historical col basis a5 modified by the revalLJ81ion of listed inveslmenls lo market value. Accounting Pollcies INCOMING RESOURCES Recognition ol Incomlng Resources: These are Included in the Slalerneril ol Financial Aclivi1185 ISOFAI when the Charity becomes enlilled lo the resourrEs and the Trustees are certain they wll be received, the monetary value can be measured with suffiaenl reliability. and Incomlng Resources with related expenditure.. Where Incoming resources have related expenditure these are both included gross in the SOFA. Volunteer Help.. Thé value of any voluntary help received is not included in the accounts bul is described in the Truslees, Annual Report. Investrnent Income: This 15 included in the a¢counts when ￿￿1vable. Investment Gains and Losses.. This includes any gain tsr loss on the sale of investments and any gain or loss resutting from revaluing inveslrnent lo market value at the end ol the year. EXPENDITURE AND LIABILITIES Recognition of expenditure and liabllltle$- These have been iecognised a5 soon as Iheie is a legal obligation committing the charity lo pay. Governance Costs.. These include the independent exatnination of the slalulory accounts. accountancy costs and the costs relating to Ihe AGM. ASSETS Tanglble Flxed A55ets: These are capitalised il they t%n be used lor more than one year and cost at188St £500. They are valued al cost and depFecialed over their estimated useful life. Freehold buildings are depreciated at 41 straight line and other fixed assets are deprecialed at 20°h Slraighl Line. Impairment ievEws are compSeted annually. Investments.. Investments are valued al rnaiket value at the year end. stock: stock Is valued al the lower ol Cost or rnarkel value. WOOLSTORE COUNTR Y THEATRE NOTES I'O THE ACCOUNTS FOR THE YEAR ENDED 30TH JUPIE 2022 Year Ended 30.06.23 Year Ended 30.06.22 31 ANALYSIS OF INCOMING RESOURCES Voluntary Income Donations Raffle and Lucky Dip Willshiie Council Subscriptions and Tax redaim Gift5 and Btsquesls 2,253 153 166 3.167 2.069 1,910 4,316 5.402 Activltles for Generating Fund5 Interval Bai Inlerval Coff&e,Ice Cream & Food Adv8rtisemenls in Programmes Coslume Hire ,975 1,233 50 225 8,483 2.724 507 240 60 3. Jf31 Investm•nt Income Investment Income Bank Interest 5,192 5.279 765 6,044 6,157 Incomlng Resource5 fTom Charltable Activities Ticket & Pfogramtne Sales from Performance5 Ticket Sales from Filtns Hire of Theatre Thealre Tr4p5 13.563 4.800 150 5,470 2,884 18,513 8,354 other Incoming Re50urce8 Hire of Theatre TOTAL INCOMING RESOURCES £37.469 £23,331 WOOLSTOFIE COUNTRY THEATRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2023 Year Endod 30.06.23 Year Endtd 30.06.22 41 ANALYSIS OF RESOURCES EXPENDED Fundralslng Tradlng Co8t5 Bar cosls Coffee & ice G￿8M costs 3,087 751 3,B38 1,773 251 2,024 Ch?Tltablo ExpBnditure Cosl ol productions Cosl ol films ThEaire Iiip costs 6,261 4.202 2.011 2,584 10,463 4,595 Go¥8rnance Costs B40 768 othor Resources Expended Repairs, mainlen8nce and replacetnenls Rates & Water & Sewerage Telephone 8,776 536 471 9,022 3,226 298 2.086 60 52 1,108 36 395 155 1.155 10,104 18971 36,585 2,079 219 566 4.371 2,715 405 2,543 192 84 30 72 100 Insurance Licences Professional Fee5-J M Finn Wèbsite & compullng cosls Pos13ge & Sl8iionery Advertising Subscriptions Cleaning Bank charges MisTrllaneous Dpprecialion Profil on disposal 177 7,152 20.705 TOTAL RESOURCES EXPENDED £51.726 £28.092 WOOLSTORE COUNTRY THEATRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2023 51 Tanglbl8 Flxed A888ts Freehold Land & Bulldings Curtalns & Seats Equlpment TOTAL Computer8 Assets at Cosl Balance brought forydrd Purchases in Year Balance rArri8d forward 147.387 13.653 16,982 17,573 36,556 180,022 17,573 197,595 147.3B7 13.663 Accumulattd DopreGlatlon Balance broughl lo￿ard DepreGialion charge lor the year BalanG8 C8rried fO￿ard 70,734 5,879 76.613 13,653 17.153 4,225 21,378 101.540 10.104 111,644 13,653 Net Book Value at 30th June 203 70,774 16177 £ 85.951 al 301h June 2022 76,653 £ 1,829 £ 78.482 Depre￿allOn used 4%511 20133%125%811 61 Inv95tm8nt A55ets 30.6.2023 30.6.2022 Market value at 30 June 2021 Addilitsns lo invesim8nt8 at cost Disposals at opening market value Unrealised net gain in th8 year 244.014 31.081 147,7991 110.9481 284,292 20,146 121,4571 -38,967 Market valuo at 30 Jun? 2022 216.348 £244,014 WOOLSTORE COUNTRY THEATRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 23 30.6.2023 30.6.2022 71 Debtors & Pwpgympnls Sundry Debtors Prepaymen18 1,500 1.168 £2,66B 1.500 957 £2,457 81 Cash at Banks Sgnlander Commerelal Bank JM Finn Deposit & Income Account 13.487 1,029 14.516 14,138 5,518 £19.666 91 Cr8dltors falllng due wlthin 1 year Heal and Light Independent Ex8min81ion Water 8ar Purcha5e$ Income in Advance for Productlons Accountancy Professional Fees Telephone Adverts and Pholocopying Repairs & MainlenanG8- Light1n9 Repairs & Mainte￿an¢￿- Other 339 120 41 4QO 120 20 690 624 100 £1.280 1,264