ACT 1 YOUTH
RECEIPTS AND PAYMENTS ACCOUNT
For the year ended 31 July 2025 Registered No. SC046010
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Report of Management Committee
The Management Committee has pleasure in submitting the Report and Accounts of Act 1 Youth for the year ended 31st July 2025
Status and Purpose
Act 1 Youth exists to encourage youth educational development in the theatrical arts and skills and is delivered for the benefit of the community and visitors from the outlying areas. Act 1 Youth is recognised by the Inland Revenue as a Charity, Scottish Charity Number $C046010.
Organisation
The Management Committee consists of members who are elected annually. The Office Bearers during the period were:-
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Secretary
Assistant/Membership Secretary
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Statement of Responsibilities of the Management Committee Members
The Management Committee members are responsible for preparing accounts for each financial period which give a true and fair view of the state of affairs of the Organisation and of the Income & Expenditure of the organisation for that period. In preparing those accounts, the Management Committee Members are required to:-
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e Select suitable accounting policies and then apply them consistently;
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e Make judgements and estimates that are reasonable and prudent;
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e Prepare the accounts on the going concern basis unless there are indications to the contrary;
The Management Committee members are responsible for keeping proper accounting records, for safeguarding the assets of the Organisation and for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Examiner
The Organisation is exempt from Audit and i §P was appointed as Independent Examiner.
Review of the Organisation’s Activities
Act 1 Youth was formed on 15th June 2015 and is registered under the Protection of Vulnerable Groups (Scotland) Act 2007 in respect of regulated work with children and therefore not barred from that type of regulated work.
Act 1 Youth are grateful to all individuals/organisations who so generously donated to our Group.
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Review of the Financial Position
As aresult of activities this year, we are pleased to report that the Organisation had a surplus of £5,625.13 for 2025, (as opposed to a surplus of £4,404.90for 2024) for the year giving total unrestricted funds of £42,038.08 and this is considered adequate to meet its commitments for 2025/2026.
By order of the Management Committee
Date: 21 October 2025
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INDEPENDENT EXAMINER’S REPORT TO ACT 1 YOUTH
independent Examiner’s Report to the Trustees of ACT 1 YOUTH Registered No. SC046010 | report on the accounts of the Charity for the year ended 31st July 2025 which are set out on pages 4&5.
Respective Responsibilities of Trustees and Examiner
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The Charity’s Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006. The Charity Trustees consider that the audit requirement of Regulation 10(1)(d) of the Accounts Regulations does not apply. It is my responsibilityto examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of Independent Examiner's Statement
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My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. 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 seeks explanations from the Trustees concerning any such matters. The procedures undertaken do not provide allthe evidence that would be required in an audit and consequently | do not express an audit opinion on the view given by the accounts.
independent Examiner's Statement
In the course of 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: (a) to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations and
(b) to prepare accounts which accord with the accounting records and comply with Regulation 9 of the 2006 Accounts Regulations have not been met, or 2. to which, in my opinion, attention should be drawn in order to enable a proper a Date: 22\ol2N
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ACT 1 YOUTH
Receipts and Payments for the year ended 31st July 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Receipts | £ | £ | ||
| Weekly Sessions | 3,068 | 3,024 | ||
| Members Subscriptions Donations |
660 1,555 |
555 3,635 |
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| Show-Matilda | 0 | 10,692 | ||
| T Shirts | 90 | 0 | ||
| Show-Beauty | and the Beast | 17,434 | 0 | |
| Show-1514 | 17,078 | 8) | ||
| Music Gifts | 224 | 0 | ||
| Fund Raising | 1,974 | 2,424 | ||
| Sundry Income | 5 | 349 | ||
| Burns Supper | 341 | 519 | ||
| Advance Brochure Income | 1,630 | 900 | ||
| Interest | 371 | 315 | ||
| 44,430 | 22,413 | |||
| Payments | ||||
| Insurance | 793 | 749 | ||
| Hall Hire | 1,490 | 905 | ||
| Fundraising | 222 | 1,611 | ||
| Show-Matilda | 0 | 11,894 | ||
| Show-Beauty | and the Beast | 14,871 | 0 | |
| Show-1514 | 14,849 | 0 | ||
| Subscriptions | 317 | 220 | ||
| Sundries | 3,875 | 1,160 | ||
| Burns Supper | 89 | 133 | ||
| Advance Production Payments | 2,299 | 1,336 | ||
| 38,805 | 18,008 | |||
| NetMovement in Funds | 5,625 | 4,405 | ||
| All funds are | unrestricted | |||
| Statement of | Balances at 31st July 2025 | |||
| Cash inBank— | —CurrentAccount | Account | 302 | 6,048 |
| -- Deposit | Account | 41,736 | 30,365 | |
| 42,038 | 36,413 | |||
| Represented | by:- | |||
| GeneralReserves | Note2 | 42,038 | 36,413 |
The Accounts were approved by the Management Committee on 21 October 2025
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ACT 1 YOUTH
NOTES TO THE ACCOUNTS
YEAR ENDED 31°" JULY 2025
1. Accounting Policies
Basis of Accounting
The accounts have been prepared under the historical cost convention and in accordance with applicable Accounting Standards Accounting and Reporting by Charities: Statement of Recommended Practice: (SORP 2005), the Charities and Trustees Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006.
During the year 2025, 0 Trustees received any remuneration and five members received a refund of expenses totalling £957.76.
| Reserves | ||
|---|---|---|
| General Reserve | 2025 | 2024 |
| £ | £ | |
| Balance as at 31 July 2024 | 36,413 | 32,008 |
| Receipts | 44,430 | 22,413 |
| Payments | -38,805 | -18,008 |
| Balanceasat31July2025 | 42,038 | 36,413 |
2. Productions
Act 1 Youth performed ‘Beauty and the Beast in September 2024, and ‘1514’ in November 2024.
The Total Income for Beauty and the Beast was £17,434, with £900 advance brochure income the previous year, making the total show income £18,334.
The Total expenditure for Beauty and the Beast was £14,871, with £1,181 advance costs the previous year, making a total show cost £16,052. Therefore Beauty and the Beast made a profit of £2,282.
The Total Income for 1514 was £17,078.
The Total expenditure for 1514 was £14,849, with £155 advance costs, making a total show cost £15,004. Therefore 1514 madea profit of £2,074.
Dare to Dreamis the Production for September 2025, and there is £2,299 advance costs, and £1,630 advance brochure income in the accounts.