MASKERS THEATRE COMPANY
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2023
Registered Charity Number: 900067

FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2023
CONTENTS
Page
Report of the Management Conllnitt¢c
Independent Examiners Report
Statement of Financial Activities
Baian¢e Sheet
Notes to Pinancial Slatements
9-15
Tbe following pages do Do¢ fonn part of the Flnanclal Ststements
Members DeLqiled Accounts
16
Production Accounts
17

Page I
MASKERS THEATRE COMPANY
REPORT OF THE MANAGEMENf COMMITTEE
FOR THE YEAR ENDED
31 AUGUST 2023
REFERENCE AND ADMINISTRATIVE INFOR1￿￿TIoN
The Management Conm]ittc¢ are ple&%d to ptes¢nt th¢ir annual rcFK¥rt and Financial Siatements for
the year ended 31 August 2023.
Th¢ Financial Statcments havc i￿ell ptcpated in accordance with the accounting policies set oirt in
note l io the Financial Statements and ￿mplY with the eharity's constitution. the Charities Act 2011
and Aecounling and Reporting by Cbarities: Stat¢n]cnt of Rcc4)mmcndcd Practice. applicable to
charities preparing their Financial Ststem¢nts in accordan￿ with th¢ Financial Rcporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
Charity Name:
Maskers Theatre Company
Charlty Number:
Prln¢lpal Offi¢e:
Unit I
Emsworth Road
Shirley
Southampton
'I'rustee$:
The IDJstees are elected am)ually from the memberqhip.
The trust¢¢s who served during the year were as follows..
C l Baker
JFOX
J P Desborough
R OslK¥rne
A Stsnsbridge
Our Advisors
Bankers:
N2tion21 Westminster Bank Ple
12 High Street
Southampton
Independent Examiner:
Abraham & Dobell
230 Shirley Road
Southampton
S015 3HR
Solicitor..
Hedley Visick & Co
109 Ixigh Road
Eastleigh
HampshiTe
S050 9DR

Page 2
MASKERS THEATRE COMPAIYY
REPORT OF THE MANAGEMENT COMMrrrEE
(CONTINUED)
FOR THE YEAR ENDED
31 AUGUST 2023
OBJECTIVES AND AcfiviTIES
Th¢ objrcta of thc charity for the public bcncfit arc:
To promote the advancemcnt and improvcment of public education in Telation to all &spects of
the dramatic arts and the developmcnt of public appreciation of s￿h arts.
The strategies cmployed to achieve the charity's objectives arc the presentation of quality
dramatic productions at a nunilrr of venues in the are&
To provide faciliti¢s for members to develop their skills in the dramatic arts.
ACHIEVEMENTS AND PERFORMANCE
Our objectives are continuing to be realised in bringing quality dram8 to the public in a variety of
venues and by th¢ use of mod¢rn technology.
W¢ stsged 5 full-scale productions this year, four in our studio and one in the open air. Some of our
memberg took part in a production which w&8 Sta8¢d by the youth theatrc group that us¢ our studio,
This ottercd a dittcrcnl experiencc to those memttrs and it is hO￿d that fijrther opportunities for this
cooperation will ari.8e in thc futurc.
FINANCIAL REVIEW
The Managemcnt Committ¢¢ arc pleased to report audi¢nrx numbers have improv¢d this year.
We have managed to limit our losses after depreciation to £(1.827) (2022 _ £(2.978)).
The tnjstees are exploring ways to increase our income in the coming year. whilst monitoring the
increases in wsts.
Inv¢stm¢nt Policy
Thc trustees hold any surplus funds on secure d¢posits with banks or building S￿le(leS.
Reservo9 Polley
The Management Committee ba8 examined the charity's requiremenL% for reserves in the light of the
nwin risks to the Organisatio￿ 'lTh¢ Currcnt Icv¢l of re￿rV&s is adcquatc to ensure tbe continued
operation of the charity into the foreseeable fiJtur¢. The Management Committ¢¢ believe the charity
to b¢ a going conc¢m.

Page 3
MASKERS THEATRE COMPANY
REPORT OF THE MANAGEMENT COMMITfEE
(CONTINUED)
FOR THE YEAR ENDED
31 AUGUST 2023
PLANS FOR FirruRE PERIODS
The trusfres are continuing to hold an open day each month to Incre￿ awareness of our presence in
the local arn Th¢sc have proved to k a source of new members.
C)ur audiences for our studio productions are limited so the tswtee8 ore considerin8 other venu¢¥,
which will give the OppOrti￿lty for larger audi¢nrx number&
STRUCTURE, GOVERNANCE AND MANAC.EMFNT
Governing l)ocument
Thc orsaniJation 13 an utiin¢orporatGd a330Giation. govGrllcd by a wn3tituuon ovcrsccn by trusir
and registered as a charity, number IXM)067. The association was established und¢r a constitution
which estsblished the objects and powers of the associatioL
Recruitment and Appointment of the Management Committee
The truste¢s of the association are also known as the Management COn￿littee. Under the
rcquircmcnts ofthe constitution, members of the Managemeni Committee are elected from within the
membership of the association at an Annual (ieneral Meeting and hold office for one year. after which
they must be rc-elcc￿d at an Annual G¢n¢ral Meeting. Trustees are only abl¢ Io SCTV¢ for four
consecutive years. All members are circulated with invitations to nominate trustecs prior to the
Annual G¢n¢rnl Mecting.
Trujtee IDdu¢tion and Trnlning
The Management Committce has prepared a set of Buidelines to cover the clL8rity's activiti¢s. These
are reviewed and amended as necessary. All new trustees are refenpAI to these guidelines, together
with th¢ guide published by the Charity CoD]missioL
Rijk Management
The trusle¢s have a risk management strategy which comprises a regular review of the risks the
charity n￿Y face and the establishment of systems and procedures to mitigate those risks identified.
Procedures aT¢ in tv ¥nsur¢ wmpliancc health and safcty rc8ulalions for members and
audience. These procedures are reviewed regularly.
The Management Committee set a reserves policy to ensure the clwity can continue its operations.
This policy is teviewed periodically.

Page 4
MASKERS THEATRE COMPANY
REPORT OF THE MANACEMENT COMMrrrEE
(CONTINUED)
FOR THE YEAR ENDED
31 AUGUST 2023
STRUCTURE. GOVERNANCE AND IKANAGEMENf (CONTINUED)
Organisational Stru¢tur¢
The association h&s a Management Cotnmittee of six members who meet on a monthly basis.
The Managem¢ni Committee is responsible for thc day to day management of the a￿cIation'S
activiti¢8 and for ensuring the a350ciation's pr¢mises are safe. secure and maintsined to a high
3tandard.
The Management Committee have a duty to e￿sure the charity meets its objectives.
RE&iPONSIBILITIES OF THE TRUSTELS
The Truste¢s are rcsrK)nsible for preparing the annua] Rewrt of the Management Committee and the
Financial Statements in accordance with applicable law and United KiJ8dom Accountin8 Standards
(United Kingdom Generally Accepted Accountin8 Practice).
The law applicable to charities in England end Wales r¢quir¢s the TnLSte¢s to pwarc Financial
Statements for each fllwicial perio4 which giv¢ a true and fair view of the state of thc affairs of the
harity and of its incoming resourccs and application of Ksources of the clwily for thai period. In
preparing those Financial Statements the Trustees are required to:
select suitable accounting w)licies 8nd then apply them consistently.
observe the methods and prinriplcs in th¢ Charili¢b SORP;
mgke judgements and estimates that are reasonable and Prudent.
stat¢ whcther applicable UK accounting standards have been followed, subject to any material
departures disclosed and explained in the Financial Statem¢nts; and
prepare the Financial Ststements on the going concern basis unless it is inappmpriate to
presume that the charity will continue on thai b&gis.
The Trustees are restK)nsible for maintaining proper accounting records which disclose. with
r¢a50nablc accuwy al any tim¢. the fuwKial position of the charily and io enable thcm to ensure
that the Pinancial Statements comply with th¢ Charities Act 2011, the Charity (Accounts and Reports)
Regulations 2008 and the provisions of the trLLSt 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 othcr irr¢gularitics.

Page 5
MASKERS THEATRE COMPANY
REPORT OF THE MANAGEMENT COMMITfEE
(CONTIIYUED)
FOR THE YEAR ENDED
31 AUGUST 2023
INDEPENDENT EXAMINERS
Wc appointcd Abraham & Dobell &8 the charitable association's independent exgminers during the
year and they have expressed their willingness to act in that capacity.
Approved by the trustees on 20 November 2023 and signed on their behalf by:
A ST A]YSBRIDGE
TRUSTEE

Page 6
INDEPENDENf EXAMtNER'S REPORT
TO THE TRUSTEES OF
FOR THE YEAR EIYDED
31 AUCUST 21123
I report to the t￿￿te¢S on my eXan]I￿On of the accounts of Maskers Theatre Company for thc ycar
ended 31 August 2023.
RESPONSIBILITIES AND BASIS OF REPORT
As the trustees of the chariry you are reSpO￿lbIe for the preparation of the a¢￿Unts in accordance
with the requirements of the c}￿ltieS Act 2011 ('the Act,).
I report in respect of my examination of the charily's aecounts carried out under section 145 of the
2011 Act and in carrying out my examination I have followed all the applicdble DiTeLtions given by
th¢ Charity Commission under section 145(5Kb) of the Act.
INDEPENDENT EXAMINER'S STATEMENT
I have Completed my examination. I confmn that no matcrial matt¢rs have comc to my att¢ntion in
onnection with the examination giving me cause to beli￿¢ that in any material respect..
accounting records We￿ not kept in respect of the charity as required by section 130 of the Act;
or
the accounts do not accord with those Tccords: or
the accounts do not comply with the applicable requ1￿Ments concerning ihe forn) and contenl
of accounts set out in the Charities (Acwunts and Rcports) Regulations 2008 other than any
requirement that the accounts give a 'lwe and fair view. which is not a matter considered as
part of an ind¢p¢nd¢nt ¢Xan]i￿O
I havc no conccrns and have com¢ across no other matters in conn¢ction with thc examination to
which attention Should IK drnwn in this report in order to enable a proper understanding of the
accounts lo reached.
DAVID J MANT FCA
INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAIYD & WALES
230 Shirley Road
SouthAmpton
S015 3HR
20 Nov¢mber 2023

Pag¢ 7
STATEMENT OF FINANCIAL AcfIviTIES
(INCORPORATING INCOME AND EXPENDITURE Accouiyr)
FOR THE YEAR ENDED
31 AUGUST 2023
2023
2022
Note
INCOME
Other trading activities
Investment incom¢
Charitsble acuvities
13,589
257
21,593
5,864
12
21,498
TOTAL IIYCOME
35.439
27,374
EXPENDITURE
Charitable activxties
37266
30,352
TOTAL EXPENDJTURE
37,266
30,352
L'r DEFICII"I{&•URPLUS)I
NET MOVEMENf FUNDS
(1.827) (2,978)
RECONCILIATION OF FUNDS
Funds brought forward
222,125 225,103
Total funds carried forward
£220.298 £222.125
The Statement of Financial Activities includes all gains and losses in the year. All incoming regources
and resources expended derive from continuing activities.

Page 8
MASKERS THEATRE COMPANY
BALANCE SHEET
AS AT 31 AUGUST 2023
Note
2012
FIXED ASSETS
192,015
192,837
TOTAL FIXED ASSETS
192.015
192.837
CURREN'f A&*SETS
Dcbtors
Cash and bank
1,405
31,675
.473
32,975
TOTAL CURRENT ASSF.TS
33,080
34.448
LIABILITIES
Creditors: Amounts falling due within
one yegr
4.797
5,160
NET CURRENT ASSETS
28,283
29,288
TOTAI, ASSETS LFSS CIIRRENT
LIABILITEESINET ASSETS
£220,298
£222,125
THE FUNDS OF THE CHARITY
Unr¢stri¢t¢d Ancomc funds
£220,298
£222,125
Approved by th¢ trust¢¢s on 20 Novcmb¢r 2023 and si&ngJ on th¢ir b¢half by..
A STANSBIiIDCE
TRUSTEE
C I BAKER
TRUSTEE

Pydge 9
MASKERS THEATRE COMPANY
IYOTES TO TKE FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2023
ACCOUNTING POLICIES
Th¢ principal accounting FKilicies adopted> judgcmcnts and kcy 3outCC3 of cstimation unccrtsinty
in the preparation of the Financial Statements are as follows:
(a) Basis of Prep2r4tlon
The FAnan¢ial Statements hav¢ bccn prepared in accordance with Accounting and Reporting
by Charitieg: Ststement of Recommentsj Practice, applicable to charities preparing the
Financial Stst¢m¢nts in A￿ordan￿ with th¢ Fina￿la1 R¢porting SL￿dard appliGablc in thc
UK and Republic of Ireland (FRS 102) - {Charities SORP IFRS 102)) and the Financial
Rcportin8 Standl￿d Applithl¢ in thc UK al￿ RcpubliG of Ircland (fRS 102).
The Financial Statements are prepared in Sterli￿ which is the fimction81 currency of the
charity. Monetsry amounts are to the nearest £.
Ib) ID¢om¢
All income is in¢lud¢d in the Statement of Financial Activities when the clwity is entitled
to the income and thc amounl can be quaniifie41 with reasonable accuracy.
Incom¢ from Charitsble Activiti￿ is T¢cognised a5 caTncd.
Other trading income is received by way of members, subscriptions and miscellaneous
income and is includ¢d in the Ststement of Finan¢ial Activitics wh¢n receivable.
Investtncnt income is included when r¢¢eivable.
(c) Expenditure
Ex￿ndItUre is reco8nised on an ac¢nuls basis as a liability is incu￿ed. Expenditure
includes any VAT which cannot be recovered and is reported &s part of the expenditure
to which it relates.
Charitablc activities comprise those costs incurrcd by the charity in the delivery of its
objectives.
Support Costs are those functions that assist the work of the charity but do not dircctly
undertake Ihe charitable activities. 'll]ese costs have been allocated between the
expenditu￿ Gat¢gorics of th¢ Stai¢m￿L of Financial Activitics on a b&si5 d¢signcd to
reflect thc use of the resource and are ap￿rtIoned on 8n appmprith b￿ls. eg floor 9rcas,
per capita or fbtllnat￿ usag¢.
Governance costs include those costs ￿s(￿lat￿l with the rnanagemcnt of th¢ chariiy's
F)remises and thitllstration of th¢ ￿0¢latIon'S activities.

Page 10
MASKEIiS THEATRE COMPANY
NOTES TO FINANCIAL STATEME
(CONTifrfuED)
FOR THE YEAR ENDED
31 AUCUST 2023
ACC"OUIY"I"IIYG POLICILS {COIYTINULII)
(d) Flx¢d Assets
Fixed ass¢ts are stat¢d at ¢08ts Ig36 A￿UMulat¢d dGprLKiatio
Depreciation is provided at a rate to write off the asset over its uscfid lif¢.
Dq)reciation h&$ been provided on leasehold improvements to write this off over the
primary period of thc Icasc.
No depreciation has been provided on fre¢hold property.
(e) Deblor8
Tradi l￿d othcr dcbior3 ar¢ re¢ogniS￿l ￿ thc scidemeni amount duc. Prepayments arc
valued at the amount prepaid nel of any trade discounts due.
{fj Cash At BaDk And In Hand
Cash at bank and in hand includes cash and short tenn highly liquid investments with a
short nMturity of three months QT l¢ss from the dat¢ of acquisition or opening of the
deposit or similar account.
(g) Creditors aDd ProviJion&
Creditors and provisions T¢￿gniSed where the charity hls a present obligalion
suiting from a past ¢v¢nt that will probably r¢sult in thc Irdnsfcr of funds to a third Pdrty
and the atnouni due to settle the obligation ean be mcasurcd or cstimated reliably.
Cr¢ditors and provisions atc nonnally r¢cogni3ed at their setilcmcnt amounl after
allowing for any trad¢ discounts du¢.
(h) Taxatlon
The clwity is ex¢mpi from cOry￿￿10n Tax on its ch8ritsble activities.
(i) Fund Aecounting
Unrestricted fimds consist of the general purpo￿ fund and designated funds.
Designated funds are established by the TnL%tees from time to time for speeific
projects or purposes, are not in any way res￿IC￿d and any surp1￿$ or deficit will be
transferred tolfrom the gener81 purpose8 fijnd when the designuted fund is closed.
Restricted Funds 8re fun(Lq subject to g￿lfie restrictions imposed by donor3 or by the
PUTPQS¢ of thc app¢al.
(i) Donated S¢rvi¢¢s
Donated services 8nd f￿llItieS 8Te included al the value to the charity where this Can be
quantified.

Page 11
MASKERS THEATRE COMPANY
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
FOR THE YEAR ENDED
31 AUGUST 2023
ACCOUNTING POLICIES {CONTINUED)
O() Fln4n¢ial Instrnrn¢nts
Th¢ charity only has fumncial assets and financial liabilities of a kind that qualify as basic
fllwicial instruments. Basic fuwicial i￿￿trUme1￿ are initially r¢¢ognis¢d at transaction
value and subsequently M¢￿ured at their settlement valuc.
O) Significant Judgements And E$thnates
Preparation of the Financial Statcments may r¢quirc T￿￿1¢¢S to mak¢ significant
judgements and estimates. There are no items in the Fin8nctal Statements where
jud8ementR And estimates would have 8 si8nificant effect on amounts reeo8ni$¢d in th#
rin(￿Cl￿ s￿￿men18.
IflCOME
2023
Total
2022
Total
ChAritable Activitie8
Productions and p¢rfonnanc¢s
21593
21,498
Other Trading Activiti
Subscriptions
Miscellaneous Ir￿Me
2.489
li,l(KJ
2,065
3,799
13,589
5,864
Inve8tment Ineome
Interest rrf¢ived
257
12
TOTAL INCOME
£35.439 £27.374
All incom¢ t￿lY￿ for IK)th y¢atS UDT¢StriGt¢
Thcre were no donated servic£s or faciliti&s re££ivable which would be quantifi￿ in the y￿[
{2022 - £nil).

P&ge 12
MASKERS THEATRE COMPANY
NOTES TO THE FINANCIAL sTATEmE￿￿s
{CONTINUED)
FOR THE YEAR ENDED
31 AUGUST 2023
ANALYSIS OF EXPENDITURE ON
CHAKITABLE ACTIVITIES
Produetionsl
subscriptio￿ Perf0rn19neeg
2023
TotAI
2022
Totxl
Production costs
Premi3¢5
Support costs
(ioY¢ruancc Gosts
9232
21.807
5,325
022
9232
21.807
5,605
622
9,228
15.474
5,085
565
280
TOTAL RESOURCES F.XPENDED £280
£36.986
£37,266
£30,352
All expcnditure on charitable activities was unresth¢tol for years.
ANALYSIS OF SUPPORT AND GOVERNANCE COSTS
The chArity idcntifieg the costs of its support fimctions. Tt thcn idcntifies Ihose co¥ts which
rclat¢ Lo thc govcrnanLc function. Having identified its govemancc costs, the renuining support
Costs together with thc gov¢mance costs apFK)rtioned IKiween the two key uh¢￿1(able
activities undertaken (see note 3) in the year. Kefer to the tsble below for the basis for
apportionment and the analysis of supN)rt and 8overnance costs.
Genernl
Support
Ba818 of
Apportionmcnt
Governance
Total
Equipment and maintenance
Dcpreciation
GenerAI office oosts
931
4,674
931
4,674
622
U998e
Usage
UsAg¢lGovernanee
622
£5,605
£622
£6.227

Page 13
MASKERS THEATRE COMPANY
NOTES TO THE FINANCIAL STATEMEWTS
(CONTINUED)
FOR THE YEAR ENDED
31 AUGUST 2023
NET (EXPENDITURE) FOR THE YEAR
This is stated after charging:
2023
2022
Depreciation
£4,674
£4,575
TRUSTEES, REMUNERATION AND EXPENSF.S
No remunerdtion or expenses have been paid to any trustee for their services (2022 - £nil).
FIXED ASSETS
Improvements to
Lrtaschold Freehold
Property Property Fqulpment Total
Cost
At I September 2022
Additions
Disposa13
12,630
178,241
59,152 250,023
3,852
3,852
(2,143) (2,143)
At 31 August 2023
12.630
178,241
60.861 251.732
Depreeiation
At l 8¢ptembcr 2022
Provided in the year
Eliminatcd on disposal
6.082
2,526
51,104
57,186
2,148
4,674
(2,143) (2,143)
At 31 August 2023
8.608
51.109
59.717
Iyet Book Valu
At 31 August 2023
£4,022
£178,241
£9,752 £192,015
At 31 August 2022
£6,548
£178,241
£8,048 £192,837

Page 14
MASKERS THEATRE COMPANY
NOTES TO THE FINANCIAL STATEMENTS
(CONTINUED)
FOR THE YEAR ENDED
31 AUGUST 2023
DEBTORS
2023
2022
Trade debtors
Prepayments
901
504
1,393
80
£1.405
£1,473
CRF.DITORS: Amoun18 falling due wl¢blD one year
2023
2022
Trad¢ creditors
£4,797
£5,160
10, FINANCIAL INSTRUMENTS
Financial in3trumcnts measured ￿ ￿n￿rtIS￿ ￿3t comprise the followin8:
2023
2022
Financial &%sets that ar¢ debt instivmcnts
£1,405
£1,473
Financial liabilities that are debi instruments
£4,797
£5,160
I I. ANALYSIS OF CIL4RITABLE FUNDS
At
Ineoming OutgoSng At
01.0922 Resources Resource8 31.08.23
Analysis of Mov¢m¢ntJ in Unr¢stricted Funds
General fund
222,125
35,440
37,267 220,298
Total UDr¢slrict¢d Fund8fTotal Funds
£222,125 £35,HO £37,267 £220,298

Page 15
NOTES TO THE FINANCIAL STATEMENrs
(coNrINUED)
FOR THE YEAR EIYDED
31 AUGUST 2023
I I. AIYALYSIS OF CHARITABLE VUNDS (CONTINUED)
Unrestricted Funds
Unrestricted funds comprise those fimds which tnth are free to use in accordan¢¢ with ¢h¢
charitabl¢ objects.
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
2023
General TotAI
Funds
Fund8
2022
Total
FuDdM
.1 angibl¢ fixed &8sets
Current assets
Currrnl liabilitic3
192,015 192,015 192.837
33,080
33,080
34,448
(4.797) (4.797) (5,160)
Total fillds
£220.298 £220,298 £222.125
13. RELATED PARTY TRANsA￿loNs
'll]ere were no rclated party transactions arising in the year ended 31 August 2023 (2022 - £nil).
14. CONTtNGEPIT LIABILITIES AND CAPITAL COMMITMENTS
The charity IMd no contingent liabilities or capitsl commitments as at 31 August 2023
(2022 - £uil).
15. POST BALANCE SHEET EvE￿s
Thc charity no post Balance Shed ¢v¢ots (2022 - £nil).
16. TAXATto
As a r¢gist¢red charity, the income is generally ex¢n]pt from tax on Income and gains falling
within s.524 of the Income Taxes Act 2007 and s.256 of the T￿tIOn of Chargeable Gains Act
1992. No lax char8es have arisen in the ¢harity.