STARMAKER THEATRE COMPANY REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
CONTENTS
PAGE NUMBER
1 TRUST ADMINISTRATIVE INFORMATION 2 TRUSTEES REPORT 3 INDEPENDENT EXAMINER’S REPORT 4 SUMMARY OF INCOME 5 SUMMARY OF EXPENDITURE 6 STATEMENT OF AFFAIRS 7 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS
Registered Charity No. 801294
Elless
Page 1
STARMAKER THEATRE COMPANY
TRUST ADMINISTRATIVE INFORMATION
Starmaker Theatre Company was established under its constitution adopted on 21st December 1988. It was registered as a charity on 26th April 1989.
Trustees:
Susan Costello Vicki Widdis
| Management Committee: | Chairperson | Susan Costello |
|---|---|---|
| Operations Director | Vicki Widdis | |
| Finance Director | Vicki Widdis | |
| Company Secretary | Vacant | |
| Production Manager | Jessica Costello | |
| Community Trustee | Vacant | |
| Membership Secretary | Trevor Underwood | |
| Welfare Officer | Vacant | |
| Event’s Manager | Molly Underwood | |
| Technical Manager | Katie Upton & Jessica Costello | |
| Artistic Manager | Katie Upton | |
| Marketing Manager | Vacant | |
| Principal Address: | 32 Reading Road, | |
| Woodley, | ||
| Reading, | ||
| RG5 3DB | ||
| Bankers: | HSBC, | |
| 26 Broad Street, | ||
| Reading, | ||
| Berkshire, | ||
| RG1 2PU | ||
| Independent Examiner: | Elless, | |
| The Dairy House, | ||
| Moneyrow Green, | ||
| Holyport, | ||
| Maidenhead, | ||
| Berkshire, SL6 2ND |
Registered Charity No. 801294
Elless
Page 2
STARMAKER THEATRE COMPANY
REPORT OF THE TRUSTEES
Just a year ago, our last AGM was online. The Theatre Company and Stage School had not been open since March 2020 and the Costume Store remained closed.
The membership of Starmaker Theatre Company had been decimated and The Costume Store was costing a pretty penny by itself. The hard decision was made that we would have to sell the Costume Store and so followed months and months of hard work. Sorting, selling, clearing out, and passing along to charities what we could. Vicki spent many hours there, along with Lucy Hutson and myself when able. Initially, we managed to reduce the 2 units to 1 and by the end of February 2022 that too was gone. We have managed to keep some costumes in a smaller storage unit in Woodley, for the use of the Company as well as in a place down Reading Road (also known as Vicki’s home). We recouped our financial losses and managed to add a little to the coffers.
As dire as things were looking in the middle of 2021, we still had a dream and a passion to get Starmaker Theatre Company back open and maybe one day be able to start putting on shows again. Vicki and I were both quite open about the skills we lacked with regards to productions but hoped we would be able to find some help along the way.
In September 2021, we re-opened the doors for Starmaker Theatre Company and Starmaker Stage School. We re-branded our look, with new t-shirts and hoodies (navy blue for Theatre Company and purple for Stage School) We had 3 returning members (Oliver, Florence and Livy) and 5 new members. We put on workshops with the help of Jessica, Matt, Elsie, Charlotte and Nathan and set about deciding what we could do in April with a cast of 7. (Olive, we already knew, would be away show weekend). So, we decided on Shine Again! A variety show, with a nod to our 2016 production of Shine!, Again to show we were back….. And what a fantastic performance these kids put on! With thanks to Katie Upton as Director and MD, Elsie Wood-Blagrove and Charlotte McGrath as Choreographers. Thanks also to Jessica and David whose help was freely given and gratefully received all weekend as well as all our backstage helpers! And I’d like to take a moment to say …. Look Vicki, we did it!
Stage School also started back in September. On that first Saturday we had 3 returning members and 6 for a trial along with 2 teachers, Jessica and Charlotte. Today, we have 27 children, 2 teachers and 2 assistants with several children waiting for a place in September. In July, they will be putting on their own little production.
And so as we look forward to the year ahead, with our first Summer School since 2019 and Into The Woods in October, I would like to thank everyone here, everyone who believes in us, helps us and stands by us. If 2021 was a year for new beginnings, then 2022 is proving to be a year of growth. I know I speak for Vicki as well when I express the sheer joy we feel as we move to a bright future.
Approved by the Trustees on 15th June 2022 and signed on their behalf by
............................................................ Susan Costello
Elless
Page 3
INDEPENDENT EXAMINER’S REPORT
TO THE TRUSTEES OF STARMAKER THEATRE COMPANY
We report on the accounts of the above Charity for the year ended 31st December 2021 which are set out on Pages 4 to 7.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is our responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view, and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Elless Chartered Accountants Elless Dated: 15th June 2022
The Dairy House, Moneyrow Green, Holyport, Maidenhead, Berks. SL6 2ND
Elless
| STARMAKER THEATRE COMPANY SUMMARY OF INCOME FOR THE YEAR ENDED 31ST DECEMBER 2021 2021 £ Box Office Income - Membership Subscription 1,853 Lamda 2,715 Costume Hire/Sale 26,380 Donations 158 Schools 1,128 Income Tax on Covenants Recovered - Grant Received 2,667 Miscellaneous 531 Bank Interest 3 £ 35,435 |
|
|---|---|
The notes on page 7 form part of these financial statements.
Elless
| STARMAKER THEATRE COMPANY SUMMARY OF EXPENDITURE FOR THE YEAR ENDED 31ST DECEMBER 2021 2021 £ Show Costs - Costume Hire/Sale 14,879 Lamda 2,398 Schools 2,393 Workshops 640 Insurance 1,196 Hire of Hall - Stationery, Postage and Office Expenses 493 Advertising and Sales Promotion 2,474 Sundry Costs 2,056 Depreciation 241 (Profit)/Loss on Disposal of Fixed Assets (577) Independent Examiners Fees 1,200 £ 27,393 The notes on page 7 form part of these financial statements. |
|
|---|---|
Elless
Page 6
| STARMAKER THEATRE COMPANY SUMMARY OF AFFAIRS AS AT 31ST DECEMBER 2021 2021 £ FIXED ASSETS Tangible Fixed Assets 236 CURRENT ASSETS Stock - Debtors 1,291 Bank 65,878 CREDITORS Amounts falling due within one year (4,237) £ 63,168 FINANCED BY: UNRESTRICTED FUNDS Net Surplus for the Year Total Income (as per Page 4) 35,435 Total Expenditure (as per Page 5) 27,393 8,042 Reserve Balance Brought Forward 55,119 63,161 RESTRICTED FUNDS (Note 2) 7 £ 63,168 The notes on page 7 form part of these financial statements. Signed: Vicki Widdis Approved by and on behalf of the Committee on 15th June 2022 |
2020 £ 978 - 1,408 56,906 (4,163) |
|
|---|---|---|
| £ 55,129 | ||
| 46,568 38,477 |
||
| 8,091 47,028 |
||
| 55,119 10 |
||
| £ 55,129 | ||
Elless
Page 7
STARMAKER THEATRE COMPANY
NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
NOTE 1 - ACCOUNTING POLICIES
(a) Accounting Convention
The financial statements are prepared under the historical cost convention, in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” (SOPR 2005) and the Charities Act 2011 and the Charity’s Constitution.
(b) Tangible Fixed Assets and Depreciation
Tangible Fixed Assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives at the following rates: -
| Musical Equipment | - 25% per annum reducing balance |
|---|---|
| Equipment and Costumes | - 20% per annum reducing balance |
| Motor Vehicle | - 25% per annum reducing balance |
| Computer Equipment | - 25% per annum straight line |
(c) Stocks
Stocks have been valued at the lower of cost or net realisable value.
(d) Income
Income is recognised in the year in which it is receivable.
(e) Expenditure
Expenditure is included on an accrual’s basis. The trust is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.
NOTE 2 - RESTRICTED FUNDS
The balance on restricted funds represents the net book value of sound equipment, purchased during 2002 for which funding was provided by the Parents and Friends Association of Starmaker Theatre Company.
Movement in the restricted fund is as follows: -
| Balance Brought Forward Depreciation of Sound Equipment Balance Carried Forward |
2021 £ 10 (3) £ 7 |
2020 £ 14 (4) |
||
|---|---|---|---|---|
| £10 |
Elless