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 2025** **WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)** ## **COMPANY INFORMATION** Directors: A. Croudass S. Hall M. Larcombe A. Morgan S Meanwell-Ralph 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 2025** The Council has pleasure in submitting its report, together with the Accounts for the year ended 30 June 2025. ## **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**_ Chilcomb Manor Chilcomb Winchester SO21 1HR ## _**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. The surplus for the year was 15,762 (2024 - 8,961). 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 2025 : ## LEGAL AND ADMINISTRATIVE DETAILS continued ## Reserves Policy The Charity now has £133,475 to provide working capital (2024 - 117,713). This is felt tobe — 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 S Meanwell-Ralph A. Morgan E Petley-Jones 1. 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. **----- Start of picture text -----**
By Order of the Board
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Date
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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) | report on the accounts of Winchester Musicals and Opera Society for the year ended 30 June 2025, 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 $145(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, | 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. **----- Start of picture text -----**
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Date 3 **WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2025** |Total
Unrestricted
Funds
Note
2025
£
**Income and Expenditure**
**Incoming Resources**
24,203
Members subscriptions
2,485
Theatre Tax Credit and Gift Aid
12,366
Donations and covenants
1,030
Interest on cash investment
3,882
Other income
636
Total Incoming Resources
44,602
**Resources Expended**
Direct Charitable expenditure
3a
26,236
3b
2,604
Total Resources Expended
28,840
**Net Incoming Resources for the Year**
15,762
Fund Balances Brought Forward
117,713
Fund Balances Carried Forward
133,475
Income from trading activities within the
charity's objectives
Management and administration of the
charity|Total
Unrestricted
Funds
2024
£
62,668
2,845
4,500
65
3,398
511
73,987
60,759
4,267
65,026
8,961
108,752
117,713| |---|---| 4 **(LIMITED BY GUARANTEE)** ## **WINCHESTER MUSICALS AND OPERA SOCIETY** ## **SUMMARY INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2025** |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|2025
£
44,602
44,602
28,840
15,762
15,762|2024
£
73,987
73,987
65,026
8,961
8,961| |---|---|---| 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) **----- Start of picture text -----**
BALANCE SHEET :
AS AT 30 JUNE 2025
Notes 2025 2024
es 8 £ oe
Fixed Assets
Tangible Assets 6 198 242
Current Assets :
Debtors @ 19,995 1,891
Cash at bank and in hand 116,572 118,065
136,567 119,956
Creditors
Amounts falling due within one year 8 -3,290 -2,485
Net Current Assets A392 (0 117,471
Total Assets less Current Liabilities 133,475 AAAS
Financed by
General Funds 9 133,475 AV ATANS
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## 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 comply 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 subject to the small companies’ regime and with the Financial Reporting Standard for Smaller Entities (effective January 2015). The financial statements were approved by the Council of Management on 29 January 2026 6 **WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2025** ## 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|2025
£
18,295
5,084
2,857
26,236|2024
£
47,708
8,267
4,784
60,759| |---|---|---| 7 **WINCHESTER MUSICALS AND OPERA SOCIETY (LIMITED BY GUARANTEE)** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 30TH JUNE 2025** |**3**
**ANALYSIS OF TOTAL RESOURCES EXPENDED**
b
Management and Administration of the Charity
Bank charges
Postage, Stationery and Printing
Stables costs and costume store
Insurance
Archiving costs
Subscriptions and Donations
Depreciation
Sundry Expenses|2025
£
60
0
745
1,011
0
260
80
448|2024
£
63
0
1,755
993
20
245
438
753| |---|---|---| ||2,604|4,267| |No remuneration was paid to any directors or staff during the year
**4**
**NET OUTGOING RESOURCES**
Net outgoing resources are stated after charging:
Depreciation|2025
£
80|2024
£
438| |**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 2024
10,866
Additions
36||| |As at 30 June 2025||10,902| |**Depreciation**
As at 1 July 2024
Charge for year||10,624
80| |As at 30 June 2025||10,704| |**Net Book Value**
As at 1 July 2024||242| |As at 30 June 2025||198| 8 **WINCHESTER MUSICALS AND OPERA SOCIETY** **(LIMITED BY GUARANTEE)** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 30TH JUNE 2025** |**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|2025
£
19,995
19,995
2025
£
-3,290
2025
£
117,713
15,762
133,475|2024
£
1,891
1,891
2024
£
-2,485
2024
£
108,752
8,961
117,713| |---|---|---| 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 2025 **----- Start of picture text -----**
AS AT 30 JUNE 2025 ;
2025 2024
£ £ fe £
Fixed Assets 196.92 241.58
Current Assets
Payments re future productions 5,575.66 1,672.45
CAF Savings Account 15,000.00
CAFCAF CurrentGold AccountAccount 24,682.461,889.38 41,680.571,384.13 :
CCLA Investment Fund 75,000.00 75,000.00
Debtors and prepayments 14,419.31 219.49
136,566.81 119,956.64
Current Liabilities
Creditors and advance receipts -3,290.00 -2,484.65
133,276.81 117,471.99
133,473.73 117,713.57
The Society's Funds
At 1 July 117,713.57 108,751.96
Surplus for year 15,760.16 8,961.61
At 30 June 133,473.73 AAT ASO,
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On behalf of the Council of Management **----- Start of picture text -----**
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## **WINCHESTER MUSICALS AND OPERA SOCIETY** ## **REVENUE ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2025** **----- Start of picture text -----**
2025 2024
£ £
Production Accounts
Broadway and Beyond 3,360.63 123.53
Kiss me Kate -5,395.34 2,942.91
-1,156.49
-2,034.71 1,909.95
General Account 13,449.53 3,169.47
Social Account 463.72 484.31
Operating Surplus 11,878.54 5,563.73
Interest Received 3,881.62 3,397.88
Surplus 15,760.16 8,961.61
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## **WINCHESTER MUSICALS AND OPERA SOCIETY** ## **PRODUCTION ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2025** ## **KISS ME KATE** ## **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**|16,341.00
398.62
1,920.00
18,659.62
3,137.47
2,274.07
9,270.00
66.88
1,269.49
1,948.15
1,427.00
4,711.52
1,000.00
2,350.00
791.53
4,141.53
307.77
156.25
464.02
56.35
56.35
24,054.96
-5,395.34| |---|---| **WINCHESTER MUSICALS AND OPERA SOCIETY** ## **PRODUCTION ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2025** ## **BROADWAY AND BEYOND** ## **Income** |Ticket sales
Sponsorship
Programme Advertising
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 Income over expenditure**|4,251.00
100.00
302.94
305.00
583.89
5,542.83
582.99
537.35
500.00
420.00
22.38
942.38
61.60
57.88
119.48
2,182.20
3,360.63| |---|---| ## **WINCHESTER MUSICALS AND OPERA SOCIETY** ## **GENERAL ACCOUNT FOR THE YEAR ENDED 30TH JUNE 2025** **----- Start of picture text -----**
2025 2024
£ £ £ £
Income
Members subscriptions 2,140.00 2,520.00
Friends subscriptions 345.00 325.00
Donations 1,030.00 65.00
Fundraising income
Theatre tax credit / Gift aid 12,365.70 4,500.30
Costume hire 167.70 27.00
Other Income 5.10
16,053.50 7,437.30
Expenditure
Depreciation 80.16 437.75
Insurance 1,010.75 993.38
Subscriptions 260.00 245.00
Stables expenditure 745.19 1,755.43
Postage, stationery, copying
Bank charges 60.00 62.80
Website and social media 388.66 412.22
Donations
Costume store
Fundraising costs
AGM Costs 25.21 81.95
Archiving costs 20.00
Other expenditure 34.00 259.30
2,603.97 4,267.83
(Deficit) / Surplus before exceptional items 13,449.53 3,169.47
To Revenue Account 13,449.53 3,169.47
SOCIAL ACCOUNT
FOR THE YEAR ENDED 30TH JUNE 2025 Surplus/
(Deficit)
BBQ 0.00
Tea Fund 105.25
Quiz 358.47
WMOS walk
Sewing workshop
463.72
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