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2024-04-30-accounts

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Elgin Musical Theatre
Statement of Financial Posi�on 2024
Assets and Balances
2024 2023
Current Assets
Current Account 54,939.07 44,933.74
Represented By:
Bank Balance at 1 [st] May 2023 44,933.74 26,375.98
Profit for the Year (2024) 5,018.04 18,557.76
Uncashed Cheques (Town Hall Rent) 4,987.29 -
54,939.07 44,933.74
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Elgin Musical Theatre Income & Expenditure Report 2024

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Income 2024 2023 Expenditure 2024 2023
Membership Subs 1,810.14 2,670.00 Admin 780.49 525.97
Patron Fees 426.00 540.00 Store Rent 843.83 1,159.17
Ticket Sales 37,460.48 37,084.90 Hall Rent 10,985.90 2,653.75
Programme Adver�sement - 55.00 Addi�onal Hall Rent 655.00 1,026.00
Show Income 39,696.62 40,349.90 Admin Costs 13,265.22 5,364.89
Fundraising Income 645.60 701.70 Fundraising Expenses 175.87 689.23
Xmas Fayre 326.00 1,771.95 Show Week Expenses 1,575.90 1,142.40
Show Week (Raffles, Programme, 2,380.30 4,012.36 Programmes 225.00 345.00
Ice cream etc…)
Fundraising Income 3,351.90 6,486.01 Fundraising Costs 1,976.77 2,176.63
Dona�ons 860.00 Director Fee 600.00 500.00
A�er Show Party 256.92 Musical Director Fee 600.00 500.00
Royal�es Refund 971.97 - Choreographer Fee 600.00 250.00
Prop Dona�on 200.00 - Orchestra 2,430.00 1,930.14
Sale of Older Set 75.00 - Costumes 830.83 448.81
Misc Website Refund 35.88 - Scenery 1,488.97 501.38
Misc Income 1,282.85 1,116.92 Props 104.92 57.88
Sound & Ligh�ng 8,000.00 8,000.00
Produc�on Costs 14,654.72 12,188.21
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Show Licenses 7,519.97 7,235.14
Set/Costume Collec�on 118.01 123.00
Adver�sing 209.91 320.51
Noda Awards 502.59 731.75
A�er Show Party - 356.60
Sundry Sta�onery 46.10 192.79
Dona�ons - 605.60
Honorary Gi�s - 99.95
Dream Event Lights 200.00
New Speaker Purchased 488.00
New Keyboard So�ware 332.04
9,416.62 9,665.34
Total Income 44,331.37 47,952.83 Total Expenditure 39,313.33 29,395.07
Proft 5,018.04 18,557.76
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List of Trustees

Trustees Annual Report

1. Name of the Society.

The name of the organisa�on is Elgin Musical Theatre, hereina�er referred to as.

2. Objec�ves

The Society exists to pursue the following objec�ves:

(a) Advance the Arts: To advance public apprecia�on and educa�on in the musical, opera�c, and drama�c arts within Elgin and the wider Moray area through high-quality public performances.

(b) Develop Skills: To provide accessible opportuni�es for individuals aged 16 and over to discover, learn, and develop crea�ve talents in both onstage performance and backstage technical disciplines.

(c) Promote Wellbeing: To foster a suppor�ve, inclusive environment that enhances posi�ve mental health, builds self-esteem, and inspires personal confidence through shared crea�ve ac�vi�es.

(d) Engage Community: To bring people together and strengthen civic pride by crea�ng a vibrant, mul�-genera�onal social hub that celebrates local talent and builds las�ng friendships.

(e) Support Local Culture: To collaborate with local groups and venues to enrich the cultural infrastructure of Moray and support charitable ini�a�ves through crea�ve fundraising events.

3. Management

officers will serve for one year and may stand for re-elec�on.

Commi�ee mee�ng a�er the AGM, a Chair and Vice-Chair shall be appointed.

(c) General Mee�ngs, AGMs and EGMs will normally be chaired by the Chair Person, Vice-Chair or an alterna�ve Commi�ee member chosen by the Chair.

(d) Commi�ee mee�ngs shall occur whenever needed, as agreed by the Commi�ee members, at a �me and loca�on suitable to the members. At least seven members must be present in order to make decisions.

(e) Where possible, each year one third of the elected Commi�ee members will step down in rota�on. Commi�ee members can hold a posi�on for a maximum of three years, at which point they must step down. They may be reappointed a�er a one year break from the Commi�ee. If a Commi�ee posi�on becomes vacant, the Commi�ee may appoint someone to fill the role.

welfare,promo�on of the Society and community engagement.

(g) All Society property and assets belong to the Society and are held in trust by the Commi�ee.

(h) Alongside the Commi�ee, a Producer and Musical Director shall be appointed, alongside any other roles that the Commi�ee agree upon. These individuals may be asked to a�end Commi�ee mee�ngs when needed.

(i) For produc�ons, the Society may appoint a Cas�ng and Audi�on Panel. In such circumstances, the panel must include one non-audi�oning Commi�ee member where possible.

member to join these sub-commi�ees, and par�cipa�on is encouraged.

4. Membership

(a) Membership is open to all individuals over the age of 16 and they must comply with the Society’s cons�tu�on and Code of Conduct. Members include many on-stage and off-stage roles, produc�on team members, stage crew, front of house, fundraising team and more.

(b) Members are required to pay a Membership Fee, which will be agreed by the Commi�ee, and reviewed annually. Any individual wishing to audi�on must pay the assigned membership fee by the deadline provided by the Commi�ee. The Commi�ee reserves the right to adjust the fees for any non-performing members, or due to extenua�ng circumstances, on a case-by-case basis.

(c) Members are expected to a�end rehearsals, performances and Society events regularly. If a member cannot a�end due to illness or any other reason, they must inform a member of the Commi�ee or Produc�on team in a �mely manner. The Commi�ee and/or Produc�on Team may set a minimum rehearsal a�endance requirement for performers.

(d) Non-performing members may be asked to a�end rehearsals if required

5. Finances

its aims. No member may receive profits, dividends or professional fees from the Society funds (excluding payment for services rendered). (b) Any payments for invoices must be approved by the Treasurer or the Commi�ee.

(c) If the Society closes, any remaining money or assets will be given to a charity or organisa�on with similar aims, as determined by the Commi�ee via vote.

6. General Mee�ngs

(b) The AGM will include:

be changed by the Commi�ee if two thirds of the members agree.

(d) An Extraordinary General Mee�ng (EGM) must be called by the Secretary if

Members must receive at least 4 days no�ce of an EGM.

7. Changes to the Cons�tu�on

(a) Any proposed changes to this Cons�tu�on must appear on the AGM/ EGM agenda. If the proposal does not come from the Commi�ee, it must be sent in wri�ng to the Secretary within 14 days of the Annual Produc�on.

8. Ma�ers Not Covered

For any other ma�ers which are not covered by this Cons�tu�on, these shall be discussed and addressed by the Commi�ee members by way of vo�ng.

This current year the society has performed ‘Footloose’ the Musical in Elgin Town Hall, with a great response from the local community.

External Scru�ny

informa�on presented to be a true and fair reflec�on of the charity’s financial posi�on and ac�vi�es during the period.

Signed Leigh Sco� Managing Director at Northgate Accoun�ng

Date: 25/08/2026