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 2023** **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 2023** The Council has pleasure in submitting its report, together with the Accounts for the year ended 30 June 2023. ## **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**_ The surplus for the year was 7,771 (2022 - 4,824). The results for the year are set out in detail on page 4. 1 WINCHESTER MUSICALS AND OPERA SOCIErY {UMITED BY GUARANTEE) REPORT OF THE COUNCIL OF MANAGEMENT continued FOR THE YEAR ENDED 30TH JUNE 2023 LEGAL AND ADMINISTRATIVE DEfAILS con¢lnued Reswves Pollcy The Charity mw has £108,752 to provith working c8pilal12022- 100,981). This is felt to be sufficient lo give il a long temi. finan￿allY secure future. Dlrs¢tors No director any beneftial ¥tterest in the charitable company. All directors ar8 members of Ihg mpany and guarant8e to contribute a maximum of £1 in thg event of a winding up. The following directors held offrce during Ihe year. Croudass S. Hall M. Larcombe A. Morgan E Pelley-Jone8 l. Sleol The report of the CouncA of Management has bggn prepared in accordance th& speual provisions relating lo small Companies within Part 15 of the Companies Act 20(6. By Order ol the Board Morg 25.0( ￿2￿￿ Date 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 Mush￿IS and Operd SOC￿ for the year ended 30 June 2023. which are set out on pages 4 to 9. R•sp•etlve responslbiittfvs ￿t￿Sta*S and examlners The charity's trustees are ￿s￿)nsIble for the preparation of the a¢¢ounts', the trustees consider that the audit requirement of s144 of the Charibes Act 2011 (the Act) does not apply. It is my responsibilty to stste, after examination of the a(xounts under s145 of the Act and on the basis of procedures specified in the General Diwtions gNen by the Charity Commissioners under s145{5llb) of the Art whether p8rtrcular matters have Come l) my attentK)n. Basls of Indopènd8nt examlnert report My examInat￿n was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes 8 review of the accounbng records kept by the charty and a companson of the accounts presented vth those records. It also includes consideration of any unLFsual items or disclosur8s in the &counts. and the seeking of explanats.ons from the trustees concerning any such matters. The proce(lures undertaken do not provide all the evKlence that would be ￿qUired In an audlt and. consequenty, I do not express an audit opinion on the view given by the accounts. Independent examlnrfs statemant In connection with my examinal*)n, no matter has come to my attention.. 111 which gives me reasonab￿ cause to belleve thal in any matenal respect the requirements.. . to keep accounting records in accordance $130 of the Act and . to Prepa￿ accounts which accord vrith the acc￿nting records and to compty with the a¢¢ounting requirements of the Act have not been mel, or. 121 lo which, in my opinion, attention should be dra*m in order to aRble a proper understsnding of the accounts to be re*hed. 10 St James Terrace Winthester S022 4PP Geo Smith .le>l3 Date ## **WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2023** |||Total|Total| |---|---|---|---| |||Unrestricted|Unrestricted| |||Funds|Funds| ||Note|2023|2022| |||£|£| |**Income and Expenditure**|||| |**Incoming Resources**|||| |Income from trading activities within the|||| |charity's objectives||21,301|46,173| |Members subscriptions||2,420|3,020| |Theatre Tax Credit and Gift Aid||6,472|557| |Donations and covenants||1,000|| |Interest on cash investment||2,505|2,406| |Other income||882|438| |Total Incoming Resources||34,580|52,594| |**Resources Expended**|||| |Direct Charitable expenditure|3a|23,157|43,756| |Management and administration of the|||| |charity|3b|3,652|4,014| |Total Resources Expended||26,809|47,770| |**Net Incoming Resources for the Year**||7,771|4,824| |Fund Balances Brought Forward||100,981|96,157| |Fund Balances Carried Forward||108,752|100,981| 4 **(LIMITED BY GUARANTEE)** ## **WINCHESTER MUSICALS AND OPERA SOCIETY** ## **SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2023** |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|2023
£
34,580
34,580
26,809
7,771
7,771|2022
£
52,594| |---|---|---| |||52,594
47,770| |||4,824| |||4,824| 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 GUARANTEEI BALANCE SHEEr AS AT 30 JUNE 2023 Notes 2023 2022 Flxed Assets Tangible Assets 441 935 Current Ass8ts Debtors Cash al bank and in hand 8.156 102.150 3.810 99,443 110,306 103,253 Credltors Amounts falliig due thin one JFar -1,995 -3,207 Net Current Assets 108.311 100.046 Total A$￿ts lèss Current Llablllllos 100,981 Flnancod by General Funds 108.752 100.981 In preparing these finan￿81 slalements= Th8 directors are of the opinion that the company Is entilled lo the exemplbn from audll conferred by Section 477 of the Companies Act 20C6. No n0￿ce has been ¢Joposiied uThSer Section 476 of th8 Crynpan￿$ Act 2006.. and The directors acknowledge Iheir iesponsibilities for.. 1 ensuring that the company keeps accounting rgcords comply vilh the requiremants of th6 Companles A¢1 2006. and 2 preparing accounts which givè a true and fair view of the state of affairs of the company as al the of the finar¢cial year and of ils profit foi the financial ygar. and which otherwise comply with the ￿QuireMents of the Cunpanies Act 2006 relating lo accounts, so faf as aP￿Icable to the c)mpany. These financial slalemgnts have been wepared in accordance wth the provisions 8ppIic8ble to companies subject lo the small companEs' regime and wilh the Financial Rewtng Siandard for Smaller Entities {effeclive January 20151. The financial statements were apwoved by the C￿nCil of Management on 2s.oI. irector- A IAorga ## **WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2023** ## 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|2023
£
15,653
5,061
2,443
23,157|2022
£
30,856
9,919
2,981| |---|---|---| |||43,756| 7 ## **WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 30TH JUNE 2023** |**3**|**ANALYSIS OF TOTAL RESOURCES EXPENDED**|2023|2022| |---|---|---|---| |||£|£| ||b
Management and Administration of the Charity||| ||Bank charges|64|97| ||Postage, Stationery and Printing|0|0| ||Stables costs and costume store|1,224|1,946| ||Insurance|865|840| ||Archiving costs|21|23| ||Subscriptions and Donations|230|185| ||Depreciation|494|494| ||Sundry Expenses|754|429| |||3,652|4,014| ||No remuneration was paid to any directors or staff during the year||| |**4**|**NET OUTGOING RESOURCES**|2023|2022| |||£|£| ||Net outgoing resources are stated after charging:||| ||Depreciation|494|494| |**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 2022||10,627| ||Additions||| ||As at 30 June 2023||10,627| ||**Depreciation**||| ||As at 1 July 2022||9,692| ||Charge for year||494| ||As at 30 June 2023||10,186| ||**Net Book Value**||| ||As at 1 July 2022||935| ||As at 30 June 2023||441| 8 **WINCHESTER MUSICALS AND OPERA SOCIETY** **(LIMITED BY GUARANTEE)** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2023** |**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|2023
£
8,156
8,156
2023
£
-1,995
2023
£
100,981
7,771
108,752|2022
£
3,810| |---|---|---| |||3,810| |||2022
£
-3,207| |||2022
£
96,157
4,824| |||100,981| 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 2023 2023 2022 Fixwj Assqts 440.73 934.67 Current Ass8ts 7.773.76 15,277.87 6,872.49 20,rNJ). 60,(￿.(￿) 381.93 3,869.95 15.%J9.43 24.233.85 CAF Sawngs Acoyjnl CAF Current Acc￿￿ CAF Gold accounl CCLA Investmwt Fwrfl Debtcys prO￿y￿n￿l$ 60.W).(X) 140.01 110.3(6.05 103.253.24 CwMt Ligblities -1,994.82 4,206.79 1C*.311.23 1¢JO,046.45 108.751.96 1￿,981.12 Th& Socletvs Funds Al 1 July SurF4us for ypor 1￿.981.12 7,770.84 96.157.84 4.823.28 At 30 June 108,751. 1￿.981.12 A Morgan M L8reombè Oatfr ## **WINCHESTER MUSICALS AND OPERA SOCIETY** ## **REVENUE ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2023** |**Production Accounts**
Sound of Musicals
The Producers
Pirates of Penzance
General Account
Social Account
Operating Surplus
Interest Received
Surplus|2023
£
2,236.81
-4,092.23
-1,855.42
6,668.31
452.46
5,265.35
2,505.49
7,770.84|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| **WINCHESTER MUSICALS AND OPERA SOCIETY** ## **PRODUCTION ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2023** ## **THE PRODUCERS** ## **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
Welcome event
**Excess of Expenditure over Income**|96.43
993.99
873.46
782.00|15,315.50
324.73
1,470.00|17,110.23
21,202.46| |---|---|---|---| |||2,756.79
1,876.50
8,779.60
2,745.88
4,449.23
441.29
153.17|| ||1,000.00
2,350.00
200.00
899.23||| ||268.30
172.99||| ||73.22
79.95||| ||||| ||||| ||||-4,092.23| **WINCHESTER MUSICALS AND OPERA SOCIETY** ## **PRODUCTION ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2023** ## **SOUND OF MUSICALS (2)** ## **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
**Surplus of Income over expenditure**|||| |---|---|---|---| ||||| ||||| ||||2,236.81| ## **WINCHESTER MUSICALS AND OPERA SOCIETY** ## **GENERAL ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2023** |**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 2023**
BBQ
Tea Fund
Quiz
Wreath making|2023
£
£
£
2,080.00
340.00
1,000.00
189.32
6,472.45
36.00
205.00
10,322.77
493.94
493.92
865.43
840.43
230.00
185.00
1,223.96
1,945.68
63.75
96.50
363.93
332.05
35.00
35.00
130.33
21.45
23.40
226.67
63.80
3,654.46
6,668.31
6,668.31
Surplus/
(Deficit)
9.22
209.41
219.98
13.85
452.46|2022
£
2,680.00
340.00
316.14
557.10
27.00| |---|---|---| |||3,920.24
4,015.78| |||| |||-95.54| |||-95.54|