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
- E Petley-Jones
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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2 -0 '\ . '2o 1-3'
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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:
- to keep accounting records in accordance with s130 of the Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
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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I
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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:
- a. The directors are of the opinion that the company is entitled to the exemption from audit conferred by Section 477 of the Companies Act 2006.
- b. No notice has been deposited under Section 476 of the Companies Act 2006; and
- c. The directors acknowledge their responsibilities for:
- 1 ensuring that the company keeps accounting records which compl[y ] with the requirements of the Companies Act 2006; and
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.
- b Grants are accounted for on a receivable basis unless donor imposed conditions mean it is appropriate to treat it as deferred income.
- c Tangible Fixed Assets are depreciated in order to write them off over their anticipated useful lives as follows:
Equipment 20% straight line
- d Costs are allocated between direct charitable expenditure and other expenditure according to the nature of the cost. Where items involve more than one category they are apportioned between the categories according to the nature of the cost. Detailed analysis of the allocation of costs is given Note 3 to the financial statements.
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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--0 \. Date ::l-i.\- '2.o'2--1
## **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|