OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

2024-12-31-accounts

Trustees' Annual Report for the period

From

Period start date Period end date Day Day 1 January 2024 31 December 2024

To

Section A Reference and administration details

Trustee name Office (if any) Dates acted if not for whole
**year **
Name of person (or body) entitled
to appoint trustee (ifany)
1 WendyDunn
2 Victoria Emerson Chair
3 Denis Fuller
4 Lynn Fuller Secretary
5 James Reynolds
6 Nikki Reynolds
7 Heather Roberts Treasurer
8 AmyHart
9 Lamorna Webb 28/06/24 – 31/12/24
10 Erin Wilcock 28/06/24 – 31/12/24
11
12
13 Natalie Stone 01/01/24 – 30/07/24
14
15
16
17
18
19
20
~~—~~

2024

TAR

1

Names and addresses of advisers (Optional information) Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Constitution Type of governing document (eg. trust deed, constitution) Association How the charity is constituted (eg. trust, association, company) Trustee selection methods Elected at AGM (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C Objectives and activities

2024

TAR

2

The Charity is established to advance the education of the Worthing public in dramatic arts, particularly the art of music and drama, by the production of musical plays and to advance such charitable purposes as the Board of Management shall determine. Summary of the objects of the Regular workshops for the youth company, supporting their learning in charity set out in its preparation for performance and participation in the local music festival. governing document Meeting regularly twice each week to rehearse and instruct members in readiness for planned performances. Attending local institutions – church, convalescent homes, hospices – to provide entertainment for residents/members and to promote the profile of WMCS.

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

2024

TAR

3

You may choose to include further statements, where relevant, about:

Section D Achievements and performance

2024

TAR

4

Section D Achievements and performance

Summary of the main achievements of the charity during the year

In 2024 for the first time we had three highly successful productions . Two at The Connaught Theatre - This is Our Show and Nativity The Musical, both performed to sell-out houses. As a new venture to provide opportunities for younger members RENT differed from our usual productions but was very well received. We also supported our Youth Company’s performance of Spongebob

As in previous years, we took part in the Worthing Summer Carnival and in the annual Pride Parade.

2024

TAR

5

Section E Financial review The Charity operates on a non-profit making basis. Any surplus for a Brief statement of the financial period is retained to be utilised by WMCS for the benefit of the charity’s policy on reserves society and its members. Details of any funds materially None in deficit Further financial review details (Optional information) You may choose to include ~~Oo~~ additional information, where relevant about: • the charity’s principal sources of funds (including any fundraising); • how expenditure has supported the key objectives of the charity; • investment policy and objectives including any ethical investment policy adopted. ~~tL~~ Section F Other optional information ~~__~~ Section G Declaration The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)

Full name(s) Lynn Fuller Position (eg Secretary, Chair, Secretary etc)

07/10/25

2024

TAR

6

TAR 2024

REGISTERED CHARITY NUMBER: 1043845

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

WORTHING MUSICAL COMEDY SOCIETY

Galloways Accounting (Hove) Limited 15 West Street Brighton East Sussex BN1 2RL

WORTHING MUSICAL COMEDY SOCIETY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 9
Detailed Statement of Financial Activities 10 to 11

WORTHING MUSICAL COMEDY SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity is established to advance the education of the Worthing public in dramatic arts, particularly the art of musical drama, by the production of musical plays, and to advance such charitable purposes as the Committee shall determine.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Company usually produces and performs at least two shows a year at the local Connaught Theatre. In addition additional Concert programmes may be produced from time to time.

Fundraising activities

The majority of the Society's income is from the sale of tickets for its performances. Other fund raising activities may be promoted from time to time.

Investment performance

The Committee has the power to invest the Society's funds in any way the trustees wish. The trustees have regard for the liquidity requirement of operating the society and the reserves policy. They have operated a policy of keeping funds with recognised High Street Banks.

FINANCIAL REVIEW

Reserves policy

The Charity operates on a non-profit making basis. Any surplus for a financial period is retained to be utilised by the Charity for the benefit of the Society and its members and to fund the main activity of the society namely the production of theatrical performances.

Funds in deficit

There are no funds in deficit. It is the financial aim of the Board to strive to have in cash reserves the estimated cost of one entire production.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Charity was established on 2nd February 1995 by the members of Worthing Musical Comedy Society. The Charity is not incorporated but is governed by a written constitution available to all members.

Recruitment and appointment of new trustees

All members are circulated with an invitation to nominate management committee members/trustees prior to the next Annual General Meeting (AGM). They are advised of retiring board members/trustees and requesting new nominations for the AGM. Current Trustees have the right to invite new trustees with their appointment confirmed at the next AGM.

The officers and board members are elected or appointed on an annual basis. The AGM is held in the month of June each year.

Organisational structure

The Committee can have up to 12 members and administers the charity/society. The committee meets monthly. A chairman is appointed at the AGM and oversees day to day operations of the charity. To facilitate effective operations the Chairman can delegate authority for operational matters.

Induction and training of new trustees

New trustees hold an initial meeting as soon after the AGM as possible to be introduced to the management practices of the Society.

Related parties

The Society owns the entire share capital of Worthing Musical Productions Limited. This does not trade but owns the freehold to the company headquarters/rehearsals facilities. The society is looking to transfer the freehold ownership back to the charity so long as to do so does not create any tax liabilities.

All Trustees are also members of the Society and can use the Society's facilities accordingly.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number 1043845

Principal address

2a The Drive Worthing West Sussex BN11 5LL

Page 1

WORTHING MUSICAL COMEDY SOCIETY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees

Mrs V M Emerson Mr D Fuller Mrs L Fuller Miss A Hart Mrs W K Dunn Mr J W Reynolds Ms N Reynolds E Wilcock H E Roberts L Webb

Independent Examiner

Galloways Accounting (Hove) Limited 15 West Street Brighton East Sussex BN1 2RL

Approved by order of the board of trustees on 3 September 2025 and signed on its behalf by:

H E Roberts - Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WORTHING MUSICAL COMEDY SOCIETY

Independent examiner's report to the trustees of Worthing Musical Comedy Society

I report to the charity trustees on my examination of the accounts of Worthing Musical Comedy Society (the Trust) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Laura Clark FCCA

Galloways Accounting (Hove) Limited 15 West Street Brighton East Sussex BN1 2RL

3 September 2025

Page 3

WORTHING MUSICAL COMEDY SOCIETY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

2024
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
405
Charitable activities
General
-
Other Charitable Activities
1,216
Spring Show
36,214
Autumn Show
72,908
Youth Company
22,321
Other trading activities
2
11,745
Investment income
3
-
Total
144,809
EXPENDITURE ON
Raising funds
4,539
Charitable activities
Other Charitable Activities
4,637
Spring Show
20,708
Autumn Show
59,666
Governance Costs
2,219
Youth Company
15,401
Other
6,649
Total
113,819
NET INCOME
30,990
RECONCILIATION OF FUNDS
Total funds brought forward
161,286
TOTAL FUNDS CARRIED FORWARD
192,276
2023
Total
funds
£
316
2,960
917
55,772
37,340
28,679
13,660
20
139,664
8,511
4,111
49,960
30,698
2,554
24,874
7,191
127,899
11,765
149,521
161,286

The notes form part of these financial statements

Page 4

WORTHING MUSICAL COMEDY SOCIETY

BALANCE SHEET 31 DECEMBER 2024

2024
Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
6
13,939
Social investments
7
3
13,942
CURRENT ASSETS
Stocks
8
300
Debtors
9
79,069
Cash at bank and in hand
119,476
198,845
CREDITORS
Amounts falling due within one year
10
(20,511)
NET CURRENT ASSETS
178,334
TOTAL ASSETS LESS CURRENT LIABILITIES
192,276
NET ASSETS
192,276
FUNDS
11
Unrestricted funds
192,276
TOTAL FUNDS
192,276
2023
Total
funds
£
14,778
3
14,781
300
78,788
72,681
151,769
(5,264)
146,505
161,286
161,286
161,286
161,286

The financial statements were approved by the Board of Trustees and authorised for issue on 3 September 2025 and were signed on its behalf by:

H E Roberts - Trustee

The notes form part of these financial statements

Page 5

WORTHING MUSICAL COMEDY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance Computer equipment - 25% on reducing balance

No depreciation is provided for on the property held by the Society as the trustees consider the historic cost reflects the value of the property to the Society.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2.

3.

OTHER TRADING ACTIVITIES

Members Subscriptions
Hall Hire
Patrons Subscriptions
Dinner Dance Tickets
Sundry Income
Social Income
INVESTMENT INCOME
Bank interest received
2024
£
5,102
659
458
3,979
1,515
32
11,745
2024
£
-
2023
£
4,554
2,941
645
3,158
35
2,327
13,660
2023
£
20

INVESTMENT INCOME

Page 6

continued...

WORTHING MUSICAL COMEDY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

No trustee receives expenses other than to be reimbursed for any amount agreed to be expanded on the Society's behalf.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 316
Charitable activities
General 2,960
Other Charitable Activities 917
Spring Show 55,772
Autumn Show 37,340
Youth Company 28,679
Other trading activities 13,660
Investment income 20
Total 139,664
EXPENDITURE ON
Raising funds 8,511
Charitable activities
Other Charitable Activities 4,111
Spring Show 49,960
Autumn Show 30,698
Governance Costs 2,554
Youth Company 24,874
Other 7,191
Total 127,899
NET INCOME 11,765
RECONCILIATION OF FUNDS
Total funds brought forward 149,521
TOTAL FUNDS CARRIED FORWARD 161,286
6. TANGIBLE FIXED ASSETS
Fixtures
Freehold
and
Computer
property
fittings
equipment
£
£
£
COST
At 1 January 2024 and 31 December 2024
11,439
23,449
10,086
DEPRECIATION
At 1 January 2024
-
20,599
9,597
Charge for year
-
715
124
At 31 December 2024
-
21,314
9,721
NET BOOK VALUE
At 31 December 2024
11,439
2,135
365
At 31 December 2023
11,439
2,850
489
Totals
£
44,974
30,196
839
31,035
13,939
14,778

Page 7

continued...

WORTHING MUSICAL COMEDY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

7. SOCIAL INVESTMENTS

7. SOCIAL INVESTMENTS
Programme
related
investments
equity
£
MARKET VALUE
At 1 January 2024 and 31 December 2024 3
NET BOOK VALUE
At 31 December 2024 3
At 31 December 2023 3
8. STOCKS
2024 2023
£ £
Stocks 300 300
9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 1,380 1,380
Loan to Worthing Musical Prod 76,043 75,833
Prepayments 1,646 1,575
79,069 78,788
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other creditors 20,511 5,264
11. MOVEMENT IN FUNDS
Net
movement At
At 1.1.24 in funds 31.12.24
£ £ £
Unrestricted funds
General fund 161,286 30,990 192,276
TOTAL FUNDS 161,286 30,990 192,276
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 144,809 (113,819) 30,990
TOTAL FUNDS 144,809 (113,819) 30,990

Page 8

continued...

WORTHING MUSICAL COMEDY SOCIETY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.1.23 in funds 31.12.23
£ £ £
Unrestricted funds
General fund 149,521 11,765 161,286
TOTAL FUNDS 149,521 11,765 161,286
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 139,664 (127,899) 11,765
TOTAL FUNDS 139,664 (127,899) 11,765
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement At
At 1.1.23 in funds 31.12.24
£ £ £
Unrestricted funds
General fund 149,521 42,755 192,276
TOTAL FUNDS 149,521 42,755 192,276
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 284,473 (241,718) 42,755
TOTAL FUNDS 284,473 (241,718) 42,755

12. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2024.

Page 9

WORTHING MUSICAL COMEDY SOCIETY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Members Subscriptions
Hall Hire
Patrons Subscriptions
Dinner Dance Tickets
Sundry Income
Social Income
Investment income
Bank interest received
Charitable activities
Grants
Funds from Youth Company
Ticket Sales Spring Show
Ticket Sales Autumn Show
Show Fees Spring Show
Show Fees Autumn Show
Programme Income Spring Show
Programme Income Autumn Show
T - shirt Income Spring Show
T - shirt Income Autumn Show
Total incoming resources
EXPENDITURE
Raising donations and legacies
Rates and water
Insurance
Light and heat
Cleaning - 2a The Drive
Repairs to 2a The Drive
Subscriptions
Donations Made
Premises Expenses
Other trading activities
Opening stock
Closing stock
Charitable activities
Youth Company Expenses
Costumes & Makeup Spring
Costumes & Makeup Autumn
Production Fees Spring
Production Fees Autumn
Orchestra Costs Spring show
Orchestra Costs Autumn Show
Carried forward
2024
£
405
5,102
659
458
3,979
1,515
32
11,745
-
-
22,321
31,541
62,952
3,000
7,288
1,673
2,668
138
1,078
132,659
144,809
333
734
1,531
1,387
328
97
-
129
4,539
300
(300)
-
15,401
2,332
3,219
9,400
15,190
1,628
8,193
55,363
2023
£
316
4,554
2,941
645
3,158
35
2,327
13,660
20
2,960
28,679
49,091
31,688
4,670
3,933
2,011
1,719
460
457
125,668
139,664
398
1,949
3,648
1,492
572
246
170
36
8,511
-
-
-
24,874
4,913
766
9,481
11,900
3,815
2,275
58,024

This page does not form part of the statutory financial statements

Page 10

WORTHING MUSICAL COMEDY SOCIETY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Charitable activities
Brought forward
Insurance Spring
Insurance Autumn
Theatre Costs Spring
Theatre Costs Autumn
Programme Expenses Spring
Programme Expenses Autumn
Staging Costs Spring
Staging Costs Autumn
Royalties Spring
Advertising Spring
Advertising Autumn
T - shirt expenses
Royalties Autumn
Other
Miscellaneous
Post and stationery
Flowers & Gifts
Telephone - general
Computer Costs
Website Costs
Dinner & Dance Expenses
Social Expenses
Support costs
Management
Advertising
Finance
Bank charges
Governance costs
Accountancy and legal fees
Depreciation of tangible fixed assets
Total resources expended
Net income
2024
£
55,363
1,245
1,245
3,238
4,200
257
2,298
905
8,324
1,703
1,475
1,136
1,748
16,997
100,134
256
146
430
481
436
293
4,040
567
6,649
278
-
1,380
839
2,219
113,819
30,990
2023
£
58,024
1,220
1,220
14,055
5,174
2,728
514
4,413
9,363
9,335
1,457
1,562
460
-
109,525
211
271
498
467
276
203
3,516
1,749
7,191
115
3
1,440
1,114
2,554
127,899
11,765

This page does not form part of the statutory financial statements

Page 11

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WORTHING MUSICAL COMEDY SOCIETY Indèpéndent examln•f$ report to the trustees of Worthlng Wlusl¢al Comedy Socloty I report to the charity trustees on my examination of the accounts of Worthing Mijsical Comety Souety (the Trust) for the year ended 31 December 2024. Rosponslblllties and basis of report As the chanty trustees of the Tnjst you are responsible for the preparab.on of the accounts in accordan(* ¥Mlh the requirements of the Charities Act 20111'lhe ACV). I report In respect of rny examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(51(bl of the Aol. Indepondfrnt gxaminerfs statsmgnt I have completed my examination. I cenflnn that no material mallers have come lo my attention in connection wth the examination giving me cause to believe that in any rnalerial respect.. accounting records were not kept in ￿spect of the Trust as required by Section 130 of the Act,. or the accounts do not accord wlh those records.. or the accounts do not comply wlh the applicable requirements conceming the form and content of accounts sel out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accoun18 give a true and fair vitw which is not a maller considered as part of an independent examination. I have no concerns and h8ve come across no other mallers in connection wth the examination lo which attention should be drawn in this report In order to enable a proper understanding of the accounts lo be reached. Lauryd Clart FCCA Galloways Accounting {Hovel Limited 15 West Street Brighton East Sussex BN12RL 3 September 2025 Page 3