The Little Theatre
Our ongoing advice is helping a 90-year-old city centre theatre plan for the future, as it looks to expand its current premises.
The Little Theatre, on Dover Street, who have been our client for the past 5 years, called on our financial expertise as it makes plans to add an extension to provide new rehearsal space, dressing rooms, a green room and storage space for sets and props.
Paul Barnett, Charities Partner based at our Leicester office, comments: “The Little Theatre has been a successful theatre for many years, but we have been able to improve its efficiency in the production of timely information by reviewing and improving internal control systems.
Examples of this include ensuring the management team make more use of computerisation in order to make financial reporting more accurate and efficient, whilst also minimising errors.
We have streamlined internal control systems, which will save the organisation time, and the advice we are providing on the planned annexe will allow The Little Theatre to explore existing VAT legislation and reliefs to mitigate the VAT cost of the project.“
The 350 seat theatre was established by The Leicester Drama Society in 1932 and boasts Sir Anthony Hopkins and Tim Pigott-Smith as patrons.
Charles Wade, of The Leicester Drama Society, comments: “After our former accountant and auditor decided they did not want to have any charity clients, we decided we wanted a local firm that was embedded in the city and local business community, while also being a specialist in the charity field, which led us to Newby Castleman.
By providing advice on VAT, charity accounts compliance and tax legislation, we have been able to improve the efficiency of our operation.”
Paul adds: “It is a pleasure to work with such a well-established city organisation and to know that the advice and support we are providing is assisting The Little Theatre with their future plans to improve and expand its services.”
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