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2022-06-30-accounts

Company Registration No: 03214832 (England and Wales) Charity Registration No: 1057417

WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)

COMPANY INFORMATION

Directors:

A. Croudass S. Hall M. Larcombe A. Morgan E Petley-Jones I. Steel Company Number: 03214832

Independent Examiner:

Dr G. Smith 10 St James Terrace Winchester SO22 4PP

WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)

CONTENTS

Page
Report of the Council of Management 1 - 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Summary Income and Expenditure Account 5
Balance Sheet 6
Notes to the Financial Statements 7 - 9

WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)

REPORT OF THE COUNCIL OF MANAGEMENT FOR THE YEAR ENDED 30TH JUNE 2022

The Council has pleasure in submitting its report, together with the Accounts for the year ended 30 June 2022.

LEGAL AND ADMINISTRATIVE DETAILS

Organisation

Winchester Musicals and Opera Society is incorporated as a company limited by guarantee (company number 3214832) and registered as a charity (number 1057417). The company was incorporated on 20 June 1996 and took over the activities of Winchester Amateur Operatic Society (an unincorporated charity) from 1 January 1997.

Registered Office

Abbots Mead Village Street Chilbolton SO20 6BA

Independent Examiner

Dr G. Smith 10 St James Terrace Winchester SO22 4PP

Principal Activities and Charity Objectives

The object and principal activity of the company continued to be the education of the public in the appreciation of music and drama.

Review of Development, Activities and Achievement

Three shows were presented in the current year. In 2021 no public performances were presented due to the global Covid-19 pandemic.

The surplus for the year was 4,824 (2021 - 2,422). The results for the year are set out in detail on page 4.

1

WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)

REPORT OF THE COUNCIL OF MANAGEMENT continued

FOR THE YEAR ENDED 30TH JUNE 2022

LEGAL AND ADMINISTRATIVE DETAILS continued

Reserves Policy

The Charity now has £100,981 to provide working capital (2021 - 96,157). This is felt to be sufficient to give it a long term, financially secure future.

Directors

No director has any beneficial interest in the charitable company. All directors are members of the company and guarantee to contribute a maximum of £1 in the event of a winding up.

The following directors held office during the year:

A. Croudass

S. Hall

M. Larcombe

A. Morgan

I. Steel

The report of the Council of Management has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

By Order of the Board

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Date

2

WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)

INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS ON THE UNAUDITED ACCOUNTS OF WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)

I report on the accounts of Winchester Musicals and Opera Society for the year ended 30 June 2022, which are set out on pages 4 to 9.

Respective responsibilities of trustees and examiners

The charity's trustees are responsible for the preparation of the accounts; the trustees consider that the audit requirement of s144 of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, after examination of the accounts under s145 of the Act and on the basis of procedures specified in the General Directions given by the Charity Commissioners under s145(5)(b) of the Act, whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 the seeking of explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements:

have not been met, or:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

10 St James Terrace Winchester SO22 4PP

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Date

3

WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2022

Total Total
Unrestricted Unrestricted
Funds Funds
Note 2022 2021
£ £
Income and Expenditure
Incoming Resources
Income from trading activities within the
charity's objectives 46,173
Members subscriptions 3,020 300
Theatre Tax Credit and Gift Aid 557 1,782
Donations and covenants 890
Interest on cash investment 2,406 2,509
Other income 438
Total Incoming Resources 52,594 5,481
Resources Expended
Direct Charitable expenditure 3a 43,756
Management and administration of the
charity 3b 4,014 3,059
Total Resources Expended 47,770 3,059
Net Incoming Resources for the Year 4,824 2,422
Fund Balances Brought Forward 96,157 93,735
Fund Balances Carried Forward 100,981 96,157

4

(LIMITED BY GUARANTEE)

WINCHESTER MUSICALS AND OPERA SOCIETY

SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2022

Gross Income of Continuing Operations
Total Income of Continuing Operations
Total Expenditure of Continuing operations
Net Income for the year
Net Income for the year from Continuing
Operations		 2022
£
52,594
52,594
47,770
4,824
4,824		 2021
£
5,481
5,481
3,059
2,422
2,422

A detailed analysis of income by source is provided in the Statement of Financial Activities

Detailed analyses of the expenditure are provided in the Statement of Financial Activities and Note 3

The summary Income and Expenditure Account is derived from the Statement of Financial Activities on page 4, which, together with the notes to the financial statements on pages 7 to 9, provides full information on the movements during the year on all the funds of the company.

The notes on pages 7 to 9 form part of these financial statements.

5

WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 30 JUNE 2022

BALANCE SHEET
AS AT 30 JUNE 2022
Notes 2022 2021
£ £ £ £
Fixed Assets
Tangible Assets 6 935 1,302
Current Assets
Debtors 7 3,810 6,593
Cash at bank and in hand 99,443 90,642
103,253 --97,235
Creditors
Amounts falling due within one year 8 -3,207 -2,380
Net Current Assets 100,046 94,855
Total Assets less Current Liabilities 100,981 96,157
Financed by
General Funds 9 100,981 96,157

In preparing these financial statements:

2 preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit for the financial year, and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

These financial statements have been prepared in accordance with the provisions applicable to companies sub[j] ect to the small companies' regime and with the Financial Reporting Standard for Smaller Entities[(] effective January 2015[)] .

The financial statements were a. .[p] proved by the Council of Management on ......... .-............ . . 24--01·2021 6;��;;[·] _[· -· · --.:/' --------, -..... __ ..]

6

WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2022

1 COMPANY STRUCTURE

The company is limited by guarantee and the amount guaranteed by each member is a maximum of £1. The administration is carried out by a Council of Management who act in the capacity of directors. The company is a Registered Charity number 1057417.

2 ACCOUNTING POLICIES

a The accounts have been prepared under the historical cost convention, in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), and the Charities' Statement of Recommended Practice.

Equipment 20% straight line

e All fixed assets held are used in direct furtherance of the charity's objectives. The charity held no assets belonging to any other charity during the period.

3 ANALYSIS OF TOTAL RESOURCES EXPENDED
a
Direct Charitable Expenditure
Show Expenses
Costs of Music
Rehearsal Hall		 2022
£
30,856
9,919
2,981
43,756		 2021
£
0
0
0
0

WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30TH JUNE 2022

3 ANALYSIS OF TOTAL RESOURCES EXPENDED 2022 2021
£ £
b
Management and Administration of the Charity
Bank charges 97 79
Postage, Stationery and Printing 0 0
Stables costs and costume store 1,946 1,194
Insurance 840 820
Archiving costs 23 0
Subscriptions and Donations 185 72
Depreciation 494 469
Sundry Expenses 429 425
4,014 3,059
No remuneration or expenses were paid to any directors or staff during the year
4 NET OUTGOING RESOURCES 2022 2021
£ £
Net outgoing resources are stated after charging:
Depreciation 494 469
5 TAXATION
The company is registered as a charity and as such is exempt from Income and Corporation tax
6 TANGIBLE FIXED ASSETS Equipment
£
As at 1 July 2021 10,500
Additions 127
As at 30 June 2022 10,627
Depreciation
As at 1 July 2021 9,198
Charge for year 494
As at 30 June 2022 9,692
Net Book Value
As at 1 July 2021 1,302
As at 30 June 2022 935

8

WINCHESTER MUSICALS AND OPERA SOCIETY

(LIMITED BY GUARANTEE)

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2022

7
DEBTORS
Trade Debtors
Other Debtors
8
CREDITORS
Amounts falling due within one year
Other Creditors
9
GENERAL FUNDS
Unrestricted Funds
Balance at 1 July
Net Movement in Funds
Balance at 30 June		 2022
£
3,810
3,810
2022
£
-3,207
2022
£
96,157
4,824
100,981		 2021
£
6,593
6,593
2021
£
-2,380
2021
£
93,735
2,422
96,157

9

WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)

The following pages do not form part of the statutory accounts of the company

WINCHESTER MUSICALS AND OPERA SOCIETY

BALANCE SHEET AS AT 30 JUNE 2022

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2022 2021
£ £ £ £
Fixed Assets 934.67 1,301.88
Current Assets
Payments re future productions 3,669.95 6,265.06
CAF Savings Account 15,209.43 15,000.00
CAF Current Account 24,233.85 15,643.07
Scottish Widows Deposit Account
CCLA Investment Fund 60,000.00 60,000.00
Debtors and prepayments 140.01 327.83
103,253.24 97,235.96
Current Liabilities
Creditors and advance receipts -3,206.79 -2,380.00
100,046.45 -- 94,855.96
100,981.12 96,157.84
The Society's Funds
At 1 July 96,157.84 93,736.41
Surplus for year 4,823.28 2,421.43
At 30 June 100,981.12 �157.84
A Morgan
M Larcombe · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · · • L�.�
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WINCHESTER MUSICALS AND OPERA SOCIETY

REVENUE ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2022

Production Accounts
Me and My Girl
Chorus of Disapproval
Pirates of Penzance
General Account
Social Account
Operating Surplus
Interest Received
Surplus		 2022
£
-7,516.29
-1,438.79
11,373.31
2,418.23
-95.54
94.50
2,417.19
2,406.09
4,823.28		 2021
£
-87.88
0.00
-87.88
2,509.31
2,421.43

WINCHESTER MUSICALS AND OPERA SOCIETY

PRODUCTION ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2022

PIRATES OF PENZANCE

Income
Ticket sales 17,647.60
Sponsorship 400.00
Donations 0
Programme sales 692.00
Bar and FOH profit 1,194.99
Performance fees 1,220.00
Raffle 0
21154.59
Expenditure
Royalties
Hire of rehearsal hall 47.70
Venue hire 2,418.00
Stage Costs
Props 0
Set and Transport 1,074.77
Costumes and Transport 1,609.50
Make-up 0
Lighting, Sound and Effects 1,175.00
3859.27
Music
Production Team 1,000.00
Orchestra 1,550.00
Accompanists 200.00
Music Hire 121.03
2871.03
Sales
Advertising 280.66
Programme 133.99
414.65
Other Expenses
Gifts 170.63
After show party 0
170.63
9,781.28
Excess of Income over Expenditure 11,373.31

WINCHESTER MUSICALS AND OPERA SOCIETY

PRODUCTION ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2022

CHORUS OF DISAPPROVAL

Income

Ticket sales
Sponsorship
Donations
Programme sales
Programme adverts
Performance fees
Raffle
Expenditure
Royalties
Hire of rehearsal hall
Venue hire
Stage Costs
Props
Set and Transport
Costumes and Transport
Make-up
Lighting, Sound and Effects
Music
Production Team
Orchestra
Accompanists
Music Hire
Sales
Advertising
Programme
Other Expenses
Gifts
After show party
Excess of Expenditure over Income		 70.17
737.59
318.21
15.53
416.00		 8,102.00
400.00
221.51
960.00		 9,683.51
11,122.30
600.00
1,009.34
5,726.17
1,557.50
2,015.00
156.83
57.46
900.00
1,090.00
25.00
84.84
71.99
57.46
-1,438.79

WINCHESTER MUSICALS AND OPERA SOCIETY

PRODUCTION ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2022

ME AND MY GIRL

Income

Ticket sales
Sponsorship
Donations
Programme sales
Bar profit
Performance fees
Raffle
Expenditure
Royalties
Hire of rehearsal hall
Venue hire
Stage Costs
Props
Set and Transport
Costumes and Transport
Make-up
Lighting, Sound and Effects
Music
Production Team
Orchestra
Accompanists
Music Hire
Sales
Advertising
Programme
Other Expenses
Gifts
After show party
Excess of Expenditure over Income		 13,355.00
358.65
1,620.00
15,333.65
4,008.00
1,923.52
8,659.60
136.76
954.22
744.02
1,024.00
2,859.00
1,000.00
2,350.00
940.00
742.89
5,032.89
171.79
149.99
321.78
45.15
45.15
22,849.94
-7,516.29		 13,355.00
358.65
1,620.00
15,333.65
4,008.00
1,923.52
8,659.60
136.76
954.22
744.02
1,024.00
2,859.00
1,000.00
2,350.00
940.00
742.89
5,032.89
171.79
149.99
321.78
45.15
45.15
22,849.94
-7,516.29		 13,355.00
358.65
1,620.00
15,333.65
4,008.00
1,923.52
8,659.60
136.76
954.22
744.02
1,024.00
2,859.00
1,000.00
2,350.00
940.00
742.89
5,032.89
171.79
149.99
321.78
45.15
45.15
22,849.94
-7,516.29
-7,516.29

WINCHESTER MUSICALS AND OPERA SOCIETY

GENERAL ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2022

Income
Members subscriptions
Friends subscriptions
Donations
Fundraising income
Theatre tax credit / Gift aid
Costume hire
Other Income
Expenditure
Depreciation
Insurance
Subscriptions
Stables expenditure
Postage, stationery, copying
Bank charges
Website and social media
Donations
Costume store
Fundraising costs
AGM Costs
Archiving costs
Other expenditure
(Deficit) / Surplus before exceptional items
To Revenue Account
SOCIAL ACCOUNT
FOR THE YEAR ENDED 30TH JUNE 2022
Quiz
Tea Fund		 2022
£
£
£
2,680.00
340.00
316.14
557.10
27.00
3,920.24
493.92
468.58
840.43
819.60
185.00
72.00
1,945.68
1,193.92
96.50
78.50
332.05
356.04
35.00
23.40
63.80
70.97
4,015.78
-95.54
-95.54
Surplus/
(Deficit)
0.00
94.50
94.50		 2021
£
300.00
890.00
1,781.73
2,971.73
3,059.61
-87.88
-87.88