Company Registration Number - NI635055 The Charity Registration Number is :- 103977
Bangor Drama Club Ltd
Report and Accounts
31 March 2024
Bangor Drama Club Ltd
Report and accounts for the period ended 31 March 2024
Contents
| Page | ||
|---|---|---|
| Officers' Annual Report | 3 | |
| Statement of directors' responsibilities | 10 | |
| Method of preparation | 11 | |
| Independent Examiner's Report | 12 | |
| Funds Statements:- | ||
| Statement of Financial Activities | 14 | |
| Statement of Financial Activities - Prior Year statement | 15 | |
| Statement of total recognised gains and losses | 16 | |
| Resources applied towards fixed assets for Charity use | 17 | |
| Movements in funds | 18 | |
| Income and Expenditure account | 19 | |
| Balance sheet | 20 | |
| Notes to the accounts | 21 |
Bangor Drama Club Ltd
Company Registration Number - NI635055
Officers' Annual Report for the period from 1 April 2023 to 31 March 2024
The Officers present their Report and Accounts for the period ended 31 March 2024, which also comprises the Directors' Report required by the the Companies Act 2006.
Reference and administrative details
The charity name.
The legal name of the charity is:- Bangor Drama Club Ltd
The charity is also known by its operating name, Bangor Drama Club
The charity's areas operation and UK charitable registration.
The charity is registered in Northern Ireland with the Charity Commission in Northern Ireland (CCNI) with charity number 103977
Legal structure of the charity
The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation.
The Governing Document is dated 26 November 2015
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
Page 3 of 31
Bangor Drama Club Ltd
Company Registration Number - NI635055
Officers' Annual Report for the period from 1 April 2023 to 31 March 2024
The principal operating address, telephone number, email and web addresses of the charity are:-
1a Hamilton Road Bangor, County Down BT20 4JP
Telephone 028 9127 0069, email address bangordramaclub@gmail.com, web address www.bangordramaclub.com
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
The Officers in office on the date the report was approved were:-
Laura Dunne (Chair) Daniel Doyle Michael Ievers Michelle Eleanor McNeill
The following persons served as Officers during the period ended 31 March 2024 :-
Laura Dunne (Chair) Dr Robert Timothy Campbell (Outgoing Chair) Daniel Doyle Laura Dunne Michael Ievers Michelle Eleanor McNeill
Page 4 of 31
Bangor Drama Club Ltd
Company Registration Number - NI635055
Officers' Annual Report for the period from 1 April 2023 to 31 March 2024
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
The club runs a theatre, which provides public performances of plays and the performing arts. The club puts on its own theatrical performances; its facilities are also used by other amateur Drama groups to stage their plays and performances, as well as by other local voluntary and community groups for their meetings, events and workshops. The public are educated concerning theatre and the performing arts and their appreciation of the performing arts is enhanced. The public are provided with the opportunity to develop their artistic talents and become involved in drama workshops and participate in the staging of theatrical Productions. The public are provided with training and education concerning the performing arts and theatre, through the provision of workshops and training provided by the charity. The general public are provided with the opportunity to attend theatrical and drama performances of artistic merit. The charity's beneficiaries are the public within Bangor and surrounding areas of Northern Ireland. There is no private benefit. The club is run by unpaid volunteers and membership is open to any member of the public wishing to join. The public in Bangor and the surrounding area are provided with leisure time facilities in the interest of social welfare.
The main activities undertaken in relation to those purposes during the period.
The charity is an amateur drama club, which runs a theatre and studio space in Bangor, County Down, providing training in drama and workshops to local people with an interest in the dramatic arts. It runs workshops and events from September to May each year for Club members and it stages plays and runs a theatre putting on theatre / drama performances for the public. Its premises are also used on occasion by other local community groups as a venue for other recreational and leisure activities. The theatre is licenced and operates a bar for performances.
The main activities undertaken during the period to further the charity's purpose for the public benefit.
The charity ran workshops and events for club members, staged plays and ran a theatre, putting on theatre / drama performances for the public.
Its premises were also used on occasion by other local community groups as a venue for other recreational and leisure activities.
In June 2023, the theatre introduced a licenced bar for performances which was also made available on request by other community groups using the facilities.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
Page 5 of 31
Bangor Drama Club Ltd
Company Registration Number - NI635055
Officers' Annual Report for the period from 1 April 2023 to 31 March 2024
The main achievements and performance of the charity during the period.
The club opened its new bar facilities in June 2023. The bar is opened during theatre performances and is also made available on request to other community groups utilising the threate and hall facilities.
As well as enhancing the experience at performances, the bar represents an additional source of income in support of the Club's charitable activities.
The local community and visiting organisations have continued to make use of the theatrical facilities for the public benefit, including visitng theatre companies, drama education for young people, Community Choir rehearsals and a number of bodies' annual meetings.
The Club has regular readings and has staged a number of their own productions during the year. In additon, the Club hosted Bangor's Summer Theatre Festival, with participation from several other Drama Groups and Players Troups.
As the Club moves into the new financial year, the calendar of events and hire is looking very positive and the new focus moving forward will be on increasing membership, reaching out to local communities to encourage involvement and making the organisation more commercial and financially sustainable.
The Club applied for two grants during the period: the multi-annual arts grant to fund administrator’s wage costs for the next two years, and a Theatre Trust grant of £5k to design and install new signage at the front of the theatre, along with the purchase of new LED lamps. Both grants were awarded in the following financial year, further strengthening the Club in pursuance of its charitable activities.
Page 6 of 31
Bangor Drama Club Ltd
Company Registration Number - NI635055
Officers' Annual Report for the period from 1 April 2023 to 31 March 2024
The difference the charity's performance during the period has made to the beneficiaries of the charity.
Through workshops and productions, members have been provided with training in a range of aspects relating to drama and the local community has been provided with experience of artistic and cultural expression.
The degree to which the achievements and performance during the period have benefited wider society.
The charity's beneficiaries include the wider society of Bangor and Northern Ireland: the answer to this point is therefore included within that above.
Page 7 of 31
Bangor Drama Club Ltd
Company Registration Number - NI635055
Officers' Annual Report for the period from 1 April 2023 to 31 March 2024
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
Following the company's Articles of Association, notice is given to all members when election and re-election of trustees becomes due. Members volunteer for service as a trustee and their names may be nominated. Election of new trustees is by secret ballot if there are more nominations than vacancies. One quarter of the trustees will step down each year to allow for such election or reelection.
The trustees' bankers and advisors
Bankers Bank of Ireland, 82 Main St, Bangor BT20 4AG Accountants Stephen Bowman Associates, Suite 3, 16 Balloo Ave, Bangor, BT19 7QT
Financial review
The charity's financial position at the end of the period ended 31 March 2024
The financial position of the charity at 31 March 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Total Unrestricted Funds Total Restricted Funds Total Funds Net income Unrestricted Revenue Funds available for the general purposes of the charity |
2023 £ 38,076 (11,294) (11,294) - (11,294) |
2023 £ 31,281 |
|---|---|---|
| (9,781) | ||
| (9,781) | ||
| - | ||
| (9,781) |
Page 8 of 31
Bangor Drama Club Ltd
Company Registration Number - NI635055
Officers' Annual Report for the period from 1 April 2023 to 31 March 2024
Financial review of the position at the reporting date, 31 March 2024
The charity's net loss was £11,294
Despite this loss, which is largely due to a depreciation charge of £11,355, the trustees consider the financial performance by the charity during the year to have been satisfactory.
Specific changes in fixed assets are detailed in the notes to the accounts.
Policies on reserves.
In line with its articles of association the trustees have elected to implement a reserves policy
Availability and adequacy of assets of each of the funds
The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.
Dr Stephen D Bowman, BA(Hons) MSc MBA DBA FAIA FFA FIPA Fellow of The Institute of International Accountants Suite 3 16 Balloo Avenue Bangor County Down BT19 7QT
Page 9 of 31
Bangor Drama Club Ltd
Company Registration Number - NI635055
Officers' Annual Report for the period from 1 April 2023 to 31 March 2024
Statement of the Directors Officers's Responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities (Northern Ireland) Act 2008, as amended and The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015
In particular, the Companies Act 2006 and charity law require the Board of Officers to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Board is required to :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The Officers are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. 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 Officers are also responsible for the contents of the Officers' report, and the statutory responsibility of the Independent Examiner in relation to the Officers' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
Page 10 of 31
Bangor Drama Club Ltd
Company Registration Number - NI635055
Officers' Annual Report for the period from 1 April 2023 to 31 March 2024
Method of preparation of accounts - Small company provisions
The financial statements are set out on pages 14 to 20.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 30th June 2024
Laura Dunne Chair, Director and Trustee
Page 11 of 31
Bangor Drama Club Ltd
Report of the Independent Examiner to the Officers of the charitable company on the accounts for the period ended 31 March 2024
I report on the financial statements of the charitable company on pages 12 to 18 for the period ended 31 March 2024 which have been prepared in accordance with the Charities (Northern Ireland) Act 2008, as amended (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by the Charity Commission in Northern Ireland (CCNI) , effective January 2015 (The SORP), under the historical cost convention and the accounting policies set out on page 21.
Respective responsibilities of the Officers and the Independent Examiner
As described on page 8, the charitable company's Officers, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice , applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The Officers consider that the audit requirement of 65(2) of The Charities (Northern Ireland) Act 2008, as amended (The Act) does not apply, and that there is no requirement in the memorandum and articles of the charity for the conducting of an audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the the Companies Act 2006. As a consequence, the Officers have elected that the financial statements be subject to independent examination.
Having satisfied myself that the charity is not subject to audit under any legal provision, or otherwise, and is eligible for independent examination, it is my responsibility to:-
a) examine the accounts under Section 65(3) of the Act;
b) follow the procedures in the Directions to Independent Examiners made by the Charity Commission in Northern Ireland and;
c) state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement and scope of work undertaken
I conducted my examination in accordance with the Directions to Independent Examiners made by the Charity Commission in Northern Ireland, setting out the duties of an Independent Examiner in relation to the conducting of an Independent Examination. An Independent Examination includes a review of the accounting records kept by the charitable company and of the accounting systems employed by the charitable company and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, asOfficers, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit , and information supplied by theOfficers in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the Independent Examination are achieved and before finalising the report I obtained written assurances from the Officers of all material matters.
Page 12 of 31
Bangor Drama Club Ltd
Report of the Independent Examiner to the Officers of the charitable company on the accounts for the period ended 31 March 2024 (continued)
Independent Examiner's Statement, Report and Opinion
Subject to the limitations upon the scope of my work as detailed above, in connection with my examination, I can confirm that :-
The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006;
This is a report in respect of an examination carried out under 65(3) of the Act and in accordance with Directions to Independent Examiners made by the Charity Commission in Northern Ireland which may be applicable;
and that no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirements :-
to keep accounting records in accordance with Section 386 of the Companies Act 2006 and Section 63 of The Charities (Northern Ireland) Act 2008, as amended;
to prepare financial statements which accord with the accounting records and comply with the accounting requirements of Section 396 of the Companies Act 2006 and The Charities (Northern Ireland) Act 2008, as amended and;
have been prepared in accordance with the requirements of Section 396 of the Companies Act 2006 and and with the methods and principles set out in the FRS102 Statement of Recommended Practice - Accounting and Reporting by Charities (effective January 2016)
have not been met or to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached.
Dr Stephen D Bowman, BA(Hons) MSc MBA DBA FAIA FFA FIPA - Independent Examiner Fellow of the Institute of International Accountants
Suite 3 16 Balloo Avenue Bangor County Down BT19 7QT
This report was signed on 30th June 2024
Page 13 of 31
Bangor Drama Club Ltd - Statement of Financial Activities for the period ended 31 March 2024
Statement of Financial Activities (including the Income & Expenditure Account for the period from 1 April 2023 to 31 March 2024, as required by the Companies Act 2006)
| Income & Endowments from: Donations & Legacies A1 Charitable activities A2 Other trading activities A3 Investments A4 Other A5 Total income A Expenditure on: Raising funds B1 Charitable activities B2 Other B3 Tax on surplus on ordinary activitie B3 Total expenditure B Net gains on investments B4 Net income for the period Transfers between funds C Net income after transfers A-B-C Other recognised gains/(losses) D1 D2 D3 Extraordinary items D3 Reconciliation of funds:- E Total funds brought forward Total funds carried forward Net gains on revaluation of fixed assets Costs of fundamental Net movement in funds SORP Ref Net actuarial gains on defined |
Current year Unrestricted Funds 2024 £ 9,462 26,222 2,393 - - 38,076 - 45,148 4,223 - 49,371 - (11,294) - (11,294) - - - - (11,294) 358,214 346,920 |
Current year Restricted Funds 2024 £ - - - - - - - - - - - - - - - - - - - - - - |
Current year Total Funds 2024 £ 9,462 26,222 2,393 - - |
Prior Year Total Funds 2024 £ 7,075 24,206 - - - |
|---|---|---|---|---|
| 38,076 | 31,281 | |||
| - 45,148 4,223 - |
- 41,062 - - |
|||
| 49,371 | 41,062 | |||
| - | - | |||
| (11,294) - |
(9,781) - |
|||
| (11,294) - - - - - |
(9,781) - 0 - - - |
|||
| (11,294) 358,214 |
(9,781) 367,995 |
|||
| 346,920 | 358,214 |
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A Statement of Total Recognised Gains and Losses is included as a primary statement in these accounts.
All the prior year transactions were unrestricted items, and no further analysis is required All activities derive from continuing operations
The notes attached on pages 21 to 31 form an integral part of these accounts.
Page 14 of 31
Bangor Drama Club Ltd - Statement of Financial Activities for the period ended 31 March 2024
| Income & Endowments from: Donations & Legacies A1 Charitable activities A2 Other trading activities A3 Investments A4 Other A5 Total income A Expenditure on: Raising funds B1 Charitable activities B2 Other B3 Tax on surplus on ordinary activitie B3 Total expenditure B B4 Net income for the period Transfers between funds C Net income after transfers Other recognised gains/(losses) D1 D2 D3 D3 Reconciliation of funds:- E Total funds brought forward Total funds carried forward Net gains on revaluation of fixed assets Extraordinary items Net movement in funds Net gains on investments Net actuarial gains on defined SORP Ref Costs of fundamental |
Prior Year Unrestricted Funds 2023 £ 7,075 24,206 - - - 31,281 - 41,062 - - 41,062 - (9,781) - (9,781) - - - - (9,781) 367,995 358,214 |
Prior Year Restricted Funds 2023 £ - - - - - - - - - - - - - - - - - - - - - - |
Prior Year Total Funds 2023 £ 7,075 24,206 - - - |
|---|---|---|---|
| 31,281 | |||
| - 41,062 - - |
|||
| 41,062 | |||
| - (9,781) - |
|||
| (9,781) | |||
| - - - - - |
|||
| (9,781) | |||
| 367,995 | |||
| 358,214 |
All activities derive from continuing operations
The notes attached on pages 21 to 31 form an integral part of these accounts.
Page 15 of 31
Bangor Drama Club Ltd - Statement of Financial Activities for the period ended 31 March 2024
Statement of Total Recognised Gains and Losses for the period from 1 April 2023 to 31 March 2024
| Surplus for the period Income from operations before tax in the Statement of Financial Activites Surplus / (defecit) as shown in the Income and Expenditure account Net Movement in funds before taxation Taxation arising in the period Funds generated in the year as shown on Statement of Financial Activities The notes attached on pages 21 to 31 form an integral part of these accounts. Net excess of income over expenditure from operations before tax / (excess of expenditure over income) |
2024 £ (11,294) |
2023 £ (9,781) |
|---|---|---|
| (11,294) | (9,781) | |
| (11,294) | (9,781) | |
| (11,294) - |
(9,781) - |
|
| (11,294) | (9,781) | |
Page 16 of 31
Bangor Drama Club Ltd - Statement of Financial Activities for the period ended 31 March 2024
Resources applied in the period ended 31 March 2024
| Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Net resources available to fund charitable activities |
2024 £ (11,294) - |
2023 £ (9,781) |
|---|---|---|
| (11,294) | (9,781) |
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
The notes attached on pages 21 to 31 form an integral part of these accounts.
Page 17 of 31
Bangor Drama Club Ltd - Statement of Financial Activities for the period ended 31 March 2024
Movements in revenue and capital funds for the period from 1 April 2023 to 31 March 2024
Revenue accumulated funds
| Accumulated funds brought forward (From)/To unrestricted revenue funds Closing revenue funds Fixed asset funds At 1 April 2023 Transfer (to)/from revenue funds At 31 March 2024 Recognised gains and losses before transfers |
Unrestricted Funds 2024 £ 358,214 (11,294) 346,920 346,920 Designated Funds 2023 £ - - - |
Restricted Funds 2024 £ - - - - - Restricted Funds 2023 £ - |
Total Funds 2024 £ 358,214 (11,294) |
Last year Total Funds 2023 £ 367,995 (9,781) |
|---|---|---|---|---|
| 346,920 | 358,214 - |
|||
| 346,920 | 358,214 | |||
| Total Funds 2023 £ - - |
Last year Total Funds 2022 £ - - |
|||
| - | - |
The purposes of the transfers to fixed asset funds are described in Note 22 to the accounts and under the accounting policy 'Accounting for capital grants and fixed asset funds'.
| Summary of funds Revenue accumulated funds Total funds |
Unrestricted and Designated funds 2024 £ 346,920 346,920 |
Restricted Funds 2024 £ - - |
Total Funds 2024 £ 346,920 |
Last Year Total Funds 2023 £ 358,214 |
|---|---|---|---|---|
| 346,920 | 358,214 |
The notes attached on pages 21 to 31 form an integral part of these accounts.
Page 18 of 31
Bangor Drama Club Ltd
Income and Expenditure Account for the period from 1 April 2022 to 31 March 2023 as required by the Companies Act 2006
The financial position of the charity at 31 March 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Income Income from operations Gross income in the period before exceptional items Gross income in the period including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Governance costs Other expenditure Total expenditure in the period Extraordinary items Tax on surplus on ordinary activities Gift Aid donations made Retained surplus for the period All activities derive from continuing operations Net income after tax in the financial period Net income before tax in the financial period |
2024 £ 38,076 |
2023 £ 31,281 |
|---|---|---|
| 38,076 | 31,281 | |
| 38,076 | 31,281 | |
| 33,093 11,335 720 4,223 |
29,583 10,869 610 - |
|
| 49,371 | 41,062 | |
| - | - | |
| (11,294) - |
(9,781) - |
|
| (11,294) - |
21,699 1,271 |
|
| (11,294) | 22,970 | |
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 21 to 31 form an integral part of these accounts.
Page 19 of 31
Bangor Drama Club Ltd - Balance Sheet as at 31 March 2024
| SORP | ||||||
|---|---|---|---|---|---|---|
| Note | Ref | 2024 | 2023 | |||
| £ | £ | |||||
| Fixed assets | A | |||||
| Tangible assets | 11 | A2 | 335,257 | 344,260 | ||
| Total fixed assets | 335,257 | 344,260 | ||||
| Current assets | B | |||||
| Stocks | B1 | 597 | - | |||
| Cash at bank and in hand | B4 | 11,891 | 15,257 | |||
| Total current assets | 12,488 | 15,257 | ||||
| Creditors: amounts falling due within one | ||||||
| year | 13 | C1 | (825) | (1,303) | ||
| Net current assets | 11,663 | 13,954 | ||||
| Net assets less current liabilities | 346,920 | 358,214 | ||||
| Net assets | 346,920 | 358,214 | ||||
| The total net assets of the charity | 346,920 | 358,214 | ||||
| The total net assets of the charity are funded by the funds | of the charity, as follows:- | |||||
| Unrestricted Funds | ||||||
| Unrestricted Revenue Funds | 15 | D3 | 346,920 | 358,214 | ||
| Total charity funds | 346,920 | 358,214 |
The 'SORP Ref' indicated above is the classification of Balance Sheet items as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.
The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
Laura Dunne
Trustee Approved by the board of trustees on 30th June 2024
The notes attached on pages 21 to 31 form an integral part of these accounts.
Page 20 of 31
Bangor Drama Club Ltd Notes to the accounts for year ended 31 March 2024
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 (as amended by the Bulletin issued in February 2016) published by the Charity Commission in Northern Ireland (CCNI) ,effective January 2016, (The SORP), and in accordance with all applicable law in the charity's jurisdiction of registration.
Going Concern
The charitable activities are entirely dependent on voluntary donations and trading revenues from theatrical performances. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Throughout the year, Covid restrictions have eased and charitable operations have started to return to pre-pandemic levels. As such, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.
Risks and future assumptions
The charity is a public benefit entity.
The Trustees anticipate that the charity will continue to support its charitable activities through donations and theatrical performances.
Policies relating to categories of income and income recognition.
Nature of income Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
Income recognition Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross before deducting any related fees or costs Membership subscriptions
The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation. The income from a membership subscription received by the charity where the subscription purchases the right to services or benefits is recognised as income from charitable activities.
Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Page 21 of 31
Bangor Drama Club Ltd Notes to the accounts for year ended 31 March 2024
Accounting policies continued
Allocating costs to activities
Direct costs that are specifically related to an activity are allocated to that activity. Shared direct costs and support costs are apportioned between activities.
The basis for apportionment, which is consistently applied, and proportionate to the circumstances, is :-
Staffing - on the basis of time spent in connection with any particular activity.
Staffing - on a per capita basis, based on the number of of people employed within any partiular activity. Premises related costs - on the proportion of floor area occupied by a particular activity.
Non specific support costs - on the basis of the usage of resources, in terms of time taken, capacity used, request made or other measures Estimation techniques used in apportioning costs - give details
Volunteers
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note 5.
Policies relating to assets, liabilities and provisions and other matters.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Plant and machinery 20 % straight line
Accounting for capital grants and fixed asset funds.
Gifts of tangible fixed assets or grants of a capital nature, given for the purposes of acquiring specific assets to be fully utilised in the furtherance of the objects of the charity, are credited to fixed asset funds after the donated asset has been received or sums have been properly expended on the restricted purpose.
Where the terms of the gift require the charity to hold the asset on an ongoing basis for a specific purpose, then the fixed asset fund so created is categorised as a restricted fixed asset fund, and the relevant restrictions are noted in the fixed asset note 9.
Where the terms of the gift are met once the asset is acquired, so allowing the charity to use the asset on an unrestricted basis, including the right to receive the proceeds of any future sale of the asset on an unrestricted basis, then the fixed asset fund so created is categorised as a designated fixed asset fund.
When assets are acquired for the furtherance of the charity's objects, utilising the charity's own unrestricted funds, a transfer is made from unrestricted funds to a designated fixed asset fund.
Whether acquired with unrestricted or restricted funds, the asset acquired is initially shown in the balance sheet at the full cost of acquisition or subsequent revaluation.
As the related assets are depreciated, in accordance with the depreciation policy,in order to reflect the dimunition in the asset,a transfer is made from the relevant fixed asset funds to either unrestricted or restricted revenue funds, as appropriate to the terms of the original gift, if any.
The effect of this policy is that the aggregate of all fixed asset funds shall equate to the net book value of fixed assets.
In the first year that this policy was adopted, a transfer to fixed asset funds was made equivalent to the net book value of the assets.
Any residual liability to the donor arising from, for example, the asset's future sale, is disclosed as a contingent liability unless the event that would trigger repayment of the grant becomes probable in which case a liability for repayment is recognised.
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
Creditors and provisions
Expenditure is recognised in the period in which it is incurred. Expenditure not paid within the accounting period is recognised as a creditor and is valued at the amount liable at the balance sheet date.
Creditors: amounts falling due after more than one year represents the value of creditors expected to be paid more than 12 months after the end of the accounting period.
Page 22 of 31
Bangor Drama Club Ltd Notes to the accounts for year ended 31 March 2024
Accounting policies continued
Cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
2 Liability to taxation
The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is recoverable by the charity, and is therefore not included in the relevant costs in the Statement of Financial Activities.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
| 4 Income attributable to outside the UK Income attributable to geographical markets outside the UK 5 Depreciation of owned fixed assets 6 Taxation UK corporation tax Deferred tax The net surplus before tax in the financial period is stated after charging:- Number of trustees to whom benefits accrued under money purchase pension schemes Net surplus before tax in the financial period |
2024 0.0% 2024 £ 11,335 |
2023 0.0% 2023 £ 10,869 |
|---|---|---|
| 11,335 | 10,869 | |
| - | - | |
| 2024 £ - - |
2023 £ - - |
|
| - | - |
7 The contribution of volunteers
Volunteers are responsible for all of the productions staged by the company, in every aspect of on-stage, backstage and front-of-house organization; in addition, they are responsible for supervision of all visiting organizations; they are further responsible for all aspects of operation of the company, to include finance management, marketing, member communications, building maintenance and development, and planning programmes for the year to specifically target community outreach. The company has a membership of approximately 100, with ages ranging
8 Defined contribution pension schemes
The charity has no paid employees ans in consequence it did not operate a pension scheme during the period.
9 Defined benefit pension scheme
The charity has no paid employees ans in consequence it did not operate a pension scheme during the period.
10 Remuneration and payments to Trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
Page 23 of 31
Bangor Drama Club Ltd
Notes to the accounts for year ended 31 March 2024
11 Tangible fixed assets
| Cost At 1 April 2023 Additions At 31 March 2024 Depreciation At 1 April 2023 Charge for the period At 31 March 2024 Net book value At 31 March 2024 At 1 April 2023 Freehold land and buildings included above: Historical cost 12 Debtors Other debtors 13 Creditors: amounts falling due within one year Accruals Other creditors |
Land and Buildings £ 314,409 |
Plant & Machinery £ 54,344 2,331 |
Motor Vehicles £ - - |
Total £ 368,753 2,331 |
|---|---|---|---|---|
| 314,409 | 56,675 | - | 371,085 | |
| - - |
24,493 11,335 |
- - |
13,624 11,335 |
|
| - | 35,828 | - | 24,959 | |
| 314,409 | 20,847 | - | 346,125 | |
| 314,409 | 29,851 | - | 353,175 | |
| 2024 £ 314,409 |
2023 £ 314,409 |
|||
| 2024 £ - |
2023 £ - |
|||
| - | - | |||
| 2024 £ 600 225 |
2024 £ 550 753 |
|||
| 825 | 1,303 |
Page 24 of 31
Bangor Drama Club Ltd
Notes to the accounts for year ended 31 March 2024
14 Particulars of how particular funds are represented by assets and liabilities
| At 31 March 2024 Tangible Fixed Assets Current Assets Current Liabilities At 1 April 2023 Tangible Fixed Assets Current Assets Current Liabilities |
Unrestricted funds £ 335,257 12,488 (825) |
Designated funds £ - - - |
Restricted funds £ - - - |
Total Funds £ 335,257 12,488 (825) |
|---|---|---|---|---|
| 346,920 | - | - | 346,920 | |
| Unrestricted funds £ 344,260 15,257 (1,303) |
Designated funds £ - - - |
Restricted funds £ - - - |
Total Funds £ 344,260 15,257 (1,303) |
|
| 358,214 | - | - | 358,214 |
15 Change in total funds over the period as shown in Note 21, analysed by individual funds
| Unrestricted and designated funds:- Unrestricted Revenue Funds Total unrestricted and designated funds Total charity funds |
£ 358,214 Funds brought forward from 2023 |
See Note 21 £ (11,294) Movement in funds in 2024 |
See Note 0 £ - Transfers between funds in 2024 |
£ 346,920 Funds carried forward to 2024 |
|---|---|---|---|---|
| 358,214 | (11,294) | - | 346,920 | |
| 358,214 | (11,294) | - | 346,920 |
Page 25 of 31
Bangor Drama Club Ltd Notes to the accounts for year ended 31 March 2024
16 Analysis of movements in funds over the period as shown in Note 22
| Unrestricted and designated funds:- Unrestricted Revenue Funds |
Income 2024 £ 38,076 |
Expenditure 2024 £ 49,371 |
Other Gains & Losses 2024 £ - |
Movement in funds 2024 £ (11,294) |
|---|---|---|---|---|
| 38,076 | 49,371 | - | (11,294) |
17 The purposes for which the funds as detailed in note 22 are held by the charity are:- Unrestricted and designated funds:- Unrestricted Revenue Funds These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
18 Ultimate controlling party
The charity is under the control of its legal members.
Every member of the charity is obliged to contribute such amount as may be required not exceeding £1 to the assets of the company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
Page 26 of 31
Bangor Drama Club Ltd
Detailed analysis of income and expenditure for the period from 1 April 2023 to 31 March 2024 as required by the SORP 2015
This analysis is classsified by conventional nominal descriptions and not by activity.
| 19 Donations and Legacies Current year Unrestricted Funds 2024 £ Donations and gifts from individuals 1,243 1,243 Revenue grants from government and public bodies 4,700 4,700 3,518 Total Donations and Legacies A1 9,462 Small donations individually less than £1000 Total donations and gifts from individuals Membership subscriptions as donations Total public sector revenue grants Ards & North Down Borough Council |
Current year Unrestricted Funds 2024 £ 1,243 |
Current year Restricted Funds 2024 £ - |
Current year Total Funds 2024 £ 1,243 1,243 |
|---|---|---|---|
| 1,243 | - | ||
| - | 4,700 4,700 3,518 9,462 |
||
| 4,700 | - | ||
| 3,518 | - | ||
| 9,462 | - |
20 Income from charitable activities - Trading Activities
| Primary purpose and ancillary trading Total Primary purpose and ancillary Letting of property for charitable purposes Ticket Sales from performance of plays |
Current year Unrestricted Funds 2024 £ 10,334 15,888 |
Current year Restricted Funds 2024 £ - - |
Current year Total Funds 2024 £ 10,334 15,888 |
|---|---|---|---|
| 26,222 | - | 26,222 |
21 Total Income from charitable activities
| Total income from charitable trading Total from charitable activities A2 |
Current year Unrestricted Funds 2024 £ 26,222 |
Current year Restricted Funds 2024 £ - |
Current year Total Funds 2024 £ 26,222 |
|---|---|---|---|
| 26,222 | - | 26,222 |
22 Income from other, non charitable, trading activities
| Total from other activities A3 Bar Sales |
Current year Unrestricted Funds 2024 £ 2,393 |
Current year Restricted Funds 2024 £ - |
Current year Total Funds 2024 £ 2,393 |
|---|---|---|---|
| 2,393 | - | 2,393 |
Page 27 of 31
Bangor Drama Club Ltd
Detailed analysis of income and expenditure for the period from 1 April 2023 to 31 March 2024 as required by the SORP 2015
23 Expenditure on charitable activities - Direct spending
| Total direct spending B2a Professional Indemnity insurance Marketing and advertising of charitable services Cost of goods and equipment for performance of plays Donations Gross wages and salaries - charitable |
Current year Unrestricted Funds 2024 £ 7,410 419 5,891 445 1,690 |
Current year Restricted Funds 2024 £ - - - - - |
Current year Total Funds 2024 £ 7,410 419 5,891 445 1,690 |
|---|---|---|---|
| 15,854 | - | 15,854 |
24 Expenditure on charitable activities - Charitable trading
| Total charitable trading costs B2b Royalty costs for performance of plays |
Current year Unrestricted Funds 2024 £ 345 |
Current year Current year Restricted Funds Total Funds 2024 2024 £ £ - - |
|---|---|---|
| 345 | - - |
| 25 Current year Unrestricted Funds 2024 £ Premises Expenses 480 258 2,477 351 4,629 Administrative overheads 442 505 698 432 1,576 412 Professional fees paid to advisors other than the auditor or Legal fees 4,317 Financial costs 318 11,335 Support costs before reallocation 28,228 Total support costs B2d 28,228 Depreciation & Amortisation in total for the period Bank charges Licences & Permits Secretarial expenses Sundry expenses Equipment expenses Telephone, fax and internet Stationery and printing Premises repairs, renewals and Rates and water charges Light heat and power Cleaning and waste management Rent payable under operating leases Support costs for charitable activities |
25 Current year Unrestricted Funds 2024 £ Premises Expenses 480 258 2,477 351 4,629 Administrative overheads 442 505 698 432 1,576 412 Professional fees paid to advisors other than the auditor or Legal fees 4,317 Financial costs 318 11,335 Support costs before reallocation 28,228 Total support costs B2d 28,228 Depreciation & Amortisation in total for the period Bank charges Licences & Permits Secretarial expenses Sundry expenses Equipment expenses Telephone, fax and internet Stationery and printing Premises repairs, renewals and Rates and water charges Light heat and power Cleaning and waste management Rent payable under operating leases Support costs for charitable activities |
Current year Restricted Funds 2024 £ - - - - - - - - - - - examiner - - - |
Current year Total Funds 2024 £ 480 258 2,477 351 4,629 442 505 698 432 1,576 412 4,317 318 11,335 |
|---|---|---|---|
| 28,228 | - | 28,228 | |
| 28,228 | - | 28,228 |
The basis of allocation of costs between activities is described under accounting policies
Page 28 of 31
Bangor Drama Club Ltd
Detailed analysis of income and expenditure for the period from 1 April 2023 to 31 March 2024 as required by the SORP 2015
26 Other Expenditure - Governance costs
| Independent Examiner's fees Total Governance costs B2e Total Charitable expenditure Total direct spending B2a Total charitable trading costs B2b Total grantmaking costs B2c Total support costs B2d Total Governance costs B2e Movements in provisions and commitments B2e Total charitable expenditure B2 |
Current year Unrestricted Funds 2024 £ 720 |
Current year Restricted Funds 2024 £ - |
Current year Total Funds 2024 £ 720 |
|---|---|---|---|
| 720 | - | 720 | |
| Current year Unrestricted Funds 2024 £ 15,854 345 - 28,228 720 - |
Current year Restricted Funds 2024 £ - - - - - - |
Current year Total Funds 2024 £ 15,854 345 - 28,228 720 - |
|
| 45,148 | - | 45,148 |
27 Total Charitable expenditure
28 Other trading expenditure unrelated to fundraising or charitable activities
| Non charity expenditure B3b 29 Total of other expenditure Non charity expenditure Total other expenditure B3 Non charitable expenditure of trading subsidiaries |
Current year Unrestricted Funds 2024 £ 4,223 |
Current year Restricted Funds 2024 £ - |
Current year Total Funds 2024 £ 4,223 |
|---|---|---|---|
| 4,223 | - | 4,223 | |
| Current year Unrestricted Funds 2024 £ 4,223 |
Current year Restricted Funds 2024 £ - |
Current year Total Funds 2024 £ 4,223 |
|
| 4,223 | - | 4,223 |
Page 29 of 31
Bangor Drama Club Ltd
Activity analysis of Income and expenditure for the for the period from 1 April 2023 to 31 March 2024
This analysis is classsified by activity and not by conventional nominal descriptions.
30 Analysis of income by activity
| Analysis of income by activity | |
|---|---|
| SOFA ref Theatrical performances Property letting A2 Bar Sales A3 Summary of Total Income, including the items above Charitable activities A2 Other activities A3 Donations & Legacies A1 Investment income A4 Other income A5 Total income as shown in the SOFA A Categories of income Income from exchange transactions Activity Total Income from other, non charitable, trading activities Income from charitable activities Total Income from charitable activities Income from other, non charitable, trading activities |
2024 £ 10,334 15,888 |
| 26,222 | |
| 2,393 | |
| 2,393 | |
| 26,222 2,393 9,462 - - |
|
| 38,076 | |
| 38,076 | |
| 38,076 |
31 Analysis of charitable expenditure by activity
| Theatrical performances Direct costs Charitable trading costs Premises expenses Administrative overheads Professional fees Financial costs Total Theatrical performances Activity |
Direct costs 2024 £ 15,854 345 - - - - 16,199 |
Support costs 2024 £ - - 8,195 4,064 4,317 11,653 28,228 |
Grant funding of activities 2024 £ - - - - - - - |
Total 2024 £ 15,854 345 8,195 4,064 4,317 11,653 |
|---|---|---|---|---|
| 44,428 |
Page 30 of 31
Bangor Drama Club Ltd
Activity analysis of Income and expenditure for the for the period from 1 April 2023 to 31 March 2024
32 Summary of charitable costs by activity
| Summary of charitable costs by activity | |||
|---|---|---|---|
| Direct costs 2024 £ Total Theatrical Performances 16,199 - 16,199 Total charitable expenditure Total Governance costs as detailed in Note 26 |
Support costs 2024 £ 28,228 720 28,948 |
Grant funding of activities 2024 £ - - - |
Total 2024 £ 44,428 720 |
| 45,148 |
The basis of allocation of costs between activities is described under accounting policies
33 Analysis of support and governance costs by charitable activities
| Activity Theatrical performances Grand Total |
Governance 720 720 |
Finance 11,653 11,653 |
Human Resources - - |
Other Overheads 16,576 |
|---|---|---|---|---|
| 16,576 |
34 Analysis of non charitable expenditure by activity
| Theatre Bar Bar costs Total Other non charitable activities Total non charitable expenditure Total costs of Fundraising activities Total Other non charitable activities Total non charitable expenditure |
Non charitable trading 2024 £ 4,223 |
|---|---|
| 4,223 | |
| 2024 £ - 4,223 |
|
| 4,223 |
Page 31 of 31