Th6 @i/h6rt & (Ifu//irLfn ClfL5616ty Royal Patron: HRH The Duke of Gloucester KG GCVO President.. Cynthia Morey Founded 1924 Registered Chartty No. 1062970 www.gilbertandsuUivan8oeiety.org.uk 2020 - 2027 .P1,
Contents l. Vice-Presidents, Officers & members of the Executive Committee 2. Report of the Executive Committee including: Society Membership li. Affiliated Societies iii. The Gilbert & Sullivan Society Programme iv. Sales and Merchandise The Gilbert & Sullivan News The Gilbert & Sullivan Society Reference Library vii. The Gilbert & Sullivan Society Archive viii. Peter Parker Legacy 3. Programme of Society events The Society's financial statement for the year ending 31 st March 2021 is available separately
Royal Patron HRH Tbe Duke of Gloucester KG GCVO President Qmthia Morey Vice-Presidents of the Society Simon Butleriss Lorraine Daniels Leon Berger Prof. Andrew Goo(Iman Bruce Graham Linda Anne Hutchison Gillian Knight Pichard Suart David Mackie Valerie Masterson CBE Melvyn Tarran Honorary Officers and Trustees Ckairman Secretary Treasurer Programme Secretary Librarian Sales Webmasler John Penn Robert Gray John Tritton Angle Penn Alall PartLtt c11stIne Parfltt Stuart Box There is currently a vacancyformembership & AffIliaÉed Societies Secretary. These responyibilities have been covered by Arte Penn. Zena Wigram apzd Roberi Gr(ry The Execulive Committee appointed Zgna Wigram Assistant Membership Secretary Other Trustees & Members of the Executive Committee Katie Bames, Vic Goldin& Celia Lyons. Peter Moulltsteven, Zena Wigra Non-Trnstee Officer and other appointjneuts Consultant Archivist 1non-tntee officer) Curators of Society Archivc G&S News Editorial Board JOI Cannon (fo January) Atan & c11stIne Parfitt John Cannon, Angle & John Penn Baukers Barclays Bank PLC Hamw & Ruislip Area, 355 Station Road Harrow, Middx. HAI 2AN Investment Advlsors Cave & Sons. Lockgates House. Rusl)mills, NOrthan7PtO NN4 7YB Independent Examitier Community360 WinsLey's House, High Street, Colchester, Essex, COI IUG
The Report of the Executive Committee 2020-2021 Little did we think when we met on Frederic's birthday last year that this would be our last meeting for 19 months! Covid-19 has affected all societies but our financial situation 18 now improving and thanks to the staunch support of a hard-working committee, we have been able to weather the stonn, Create events during lockdown and move on. Particular thatQs are due to our Hon. Sec. Robert Gray> Programme Secretary, Ansie PenrA and Webmaster, Sttwt Box for arranging the altemative progratnme of Zoom meetings which proved very popular and allowed for people to safely meet and enjoy some Gilbert and Sullivan. Despite being unable to tneet in person, we have gained some new members thToughout lockdown and the GLES News continues to be well-received. Covid is still with us but hopeIlY we can now begin to recover and the Cornn]ittee and I look fonvard to returning to some sort of nonnality as well as facing the challenges that still li¢ before us. i. Gilbert & Sullivan Society Membership Membership of the Society at 31 March 2021 was as follows: 84 Life Members (88 at 31.03.20) 225 Annual subscribers (243 at 31.03.20) 18 Affiliated Societies (18 at 31.03.20) With an aging membership sadly we have lost a number of people this year. With few opportunities to recruit new tnembers we are delighted that 17 people have joind the Society, mostly through finding us on a web search. Despite every attempt to keep our members, we had to pne a few persistent low payeis who had not responded to repeated letters andlor emails. We have had som¢ success with social media and continue to use the Facebook to particularly reach young people and promote our events. One of our posts was seen by over 1700 people. We were somewhat relieved they didn't all tLn up to the meeting. li. Afrlated Societies This includes: Bath, Blackpool, Bournemouth, Godalming, Manchester, New London, Nolch, Plymouth, Preston, Sal¢, Sussex, Torf)ay, West Norfolk And overseas.. Jerusalem, New England, New York, Toronto, Victoria A number of Affiliated Societies take a bulk order of the G&S News for their members and many regularly send us reports for the G&S News. We are always d¢lighted to welcom¢ members to our main meetings and were delighted that many were able to join us in our recent Zoom events.
iii. Gilbert & Sullivall Society Programme Meetings were suspended during the first lockdown ID the period April - May 2020 losing two main meetings and Intemational G&S Day celebrations at Barat&ria. From September we offered an alternative on-line pmgramrne each rnonth via Zoom which proved extremely success1 with numbers increasing each meettng. From January 2021 we invited members of our Affiliated Societies to join us, space permitting. Zoom gave mernbers who cannot easily attend events in London, the opportLU]ity to join us and we enjoyed welcoming people from across the British Isles, Ireland, Gennany, Holland, Canada, Hawaii, the USA and in March, also Australia. On some occasions numbers we very nearly reached the maximum of l 00 with an average of around 70 tuning in. Several times we have offered the 'chat room, option after the event for rnembers in smaller groups to talk to each other - often in international groups. We have had repeated requests for some Zoom opportunities after lock down restrictions have lifted and as a result plan to offer additional zoom meetings Rv. Sales and Merchandise During nornial times the Sales table is a regular feature at Society meetings and at the Memorabilia Fair at Harrogate. Christine's cards featuring the Bess De Fries illustrations and bookmarks are popular sellers. ReettablY it was not possible to produce a Society Christmas Card for 2020 due to the pandemic but Christine has plans for 2022. v. The Gilbert & Sullivan News We were very sorry indeed to lose John Cannon In January. John had been involved with the production of th¢ G&S N¢ws for many years and a¢tively so since 2000, latterly being joiTht- editor with Angle Penn. We carried a full Oblary in the Spring 2021 edition. Angle has continued as Editor with help from the editorial board, John Penn and more re¢¢ntly. Michael Symes. In addition, considerable help with proof reading has come from Tony Gower and we have enjoyed a variety of interesting articles &lld piec¢s submitted from range of contributors. We contiThue to enjoy receiving articles from regular and new contributors as w¢ll as pieces from our President and some of out Vice Presidents. Articl&s have covered a wid¢ range of Gilbert andlor Sullivan related topics and we ar¢ grateful to everyone who has helped in any way. The News, which is sent out to all members three tinLes a year. is type set by James Howie and piinted and dispatched by Kenads vl. The Gilbert & Sullivan Society Reference Library The Society Library is housed within the Barbi¢an Music Library and provides a specialist Ilection covering all aspects of Gilbert, Sullivan and r¢lated people and topics. Books are available for study on a refer¢nce only basis to Society members and to all users of the Barbican Music Library. Alan Parfitt re8ularly reviews new books in the G&S News and adds to the collection where appropriate. The Society is most grate1 to Richard Jones and his staff for their continuing assistance.
vii. The Gilbert & Sullivan Society Archive Management of the Society archive is cared for by Alan and Clllistine Parfitt who have worked hard to catalogue and move onto digital media much of the material. The G&S News often draws on material from the archive and Christine Parfitt has made innovative use of the Bess Defii¢s illustratkons to produce a range of fLU]dTaising Merchandise for the Society. Our Consultant Archivist, John Cannon died at the start of 2021 and his support and extensive knowledge is sadly missed by all in the Society and G&S Comtnunity. The digitisation of much of the Society photograph holdings allowed Christine to quickly respond to an requ¢st from Roberta Morrell for illustrations for a forthcoming book. vlli. Peter Parker legacy Vice-Pregident, authority on all things Gilbert and Sullivan and good friend to the Society, Peter Parker, sadly di¢d in Septemb¢r 2018. During his long life he had collected many unique, interesting and important artefacts over the years concerned with Gilbert and Sullivan. Peter was keen that this collection would not be lost after his death and had everything professionally catalogued with clear provtsion recorded in his Will. Most of the really valuable material, historically andlor financially. has gon¢ to The Victoria and Albert Museum or other specific benefactors but the Society has b¢¢n left what remains which is mostly books, papers, china and some pictlwes. We have been Cataloguing this collection and once it is completed, will look at how we can preserve as much as possible within the Society archive or our book collection at The Barbican. Peter has also left the Society a substantial financial bequest of over £IOO,000. His wish was that we could use it to preserve our archive finding a pernianent home for the collection within it. Despite this being a large sum, it is not sufficient to buy som¢where pennanently. We have therefore decided to ear-mark this money for preserving the archive now and in the tle. Some money will be spent on mending and protecting existing items and creating a new website for the Society where we hope to offer a digital archive foi anyone who wants to r¢search G&S. We also plan to see if we can use some of the money to display in tA)ndon some items from the archive thus promoting the Society and G&S to th¢ general public. At the moment, our archive is stored, free of charge, at the home of our archivists, Christine and Alan Parfitt, who, as well as preserving items, some very fragtle, have been completing the manunoth task of putting photos and other material into a digital forn]at. It would be foolish to w&ste Peter's legacy by paying for new acconunodation when we currently have a safe and secwe location so the bulk of the money will be stored until such time as it will be ne¢ded by the Society in the tt¢. Jokn Penn Chainnan
IProoi'lliiiiiiE of ebeiitg april 2020 - fflar(lJ 202I Each event below tookplace by Zoom Events originally scheduled for March, April and May 2020 were either cancelled or postponed owing to CovidLock down regulations. th Wednesday 9 September AGM followed by a pr¢sentation from Martin Miln¢s about hi5 memoir, 'Wild card. which has each chapter named with a G&S Operd quote. ttd Thursday 22 October A member's event where six people offered up a favourite piece from the G&S canon and made the case for why it was a favourite. This led to an on-line vote choosing a winner. Sunday 8 November A presentation from Roberta Morrell focussing on her recent sequel, 'D'Oyly Carte Inside Out, and an opportlmity to ask questions. Tuesd¥dy I. December Vice President, Linda Anne Hutchison and her husband, BBC broadcaster and musician, Gordon Stewart selected some 'Desert Island Discs, and told fellow VP and interviewer, Leon Berger, how G&S had featured in their life. Saturday 23 January Soprano Zena Wigram entertain¢d us to a selection of G&S and other pieces. An additional event to the published proallne. tb Saturday 13 February A presentation entitled 'Recorded - Corded - Corded, from Vice President, Leon Berger of unusual, rare and on some occasions, off-beat G&S related recordings with conunentsry. Saturday 20 March An illustrated talk from Sarah Lenton, archivist, broadcaster and writer on G&S in the British Library archive.
Martin Milne Roberta Morr¢ll Linda Anae Hutchison and Gordon Stewart Zena Wiarn The Tcarn setting up a Zoom Meeting Leon Berger
THE GILBERT and SULLIVAN SOCIETY
Charity number 1062970
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
THE GILBERT and SULLIVAN SOCIETY
CONTENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |
|---|---|
| Statement of Trustees Responsibilities | 1 - 2 |
| Independent Examiner's Report | 3 |
| Income & expenditure account | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 8 |
THE GILBERT and SULLIVAN SOCIETY
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021
The Gilbert and Sullivan Society, which is governed by the rules adopted at the Annual General Meeting on 8th July 1925, incorporating revision subsequently approved up to and including 4th November 2019 was registered as a charity on 20 June 1997.
The trustees of the charity during the year ended 31 March 2021, all of whom are members of the executive committee were:
John Penn John Tritton Robert Gray Angela Penn Alan Parfitt Christine Parfitt Stuart Box Katie Barnes Vic Golding Celia Lyons Peter Mountsteven Zena Wigram (appointed September 2020)
PRINCIPLE OBJECT
The principal object of the society is to advance public education by the promotion of Gilbert and Sullivan's works. In particular, but not exclusively by the provision of lectures, concerts, the maintenance of a Gilbert and Sullivan library and museum, and the production of a regular Gilbert and Sullivan publication for members and the public.
REVIEW OF THE YEAR
The activities of the Society are reviewed by the appropriate members of the executive committee in a separate report attached here to.
FINANCIAL REVIEW
The financial statements are presented in a format consistent with the statement of recommended practice (SORP) for charities.
ADMINISTRATIVE INFORMATION
(a) Bankers: Barclay's Bank Plc, 355 Station Road, Harrow, Middlesex, HA1 2AN (b) Investment Advisers: Cave & Sons, Lockgates House, Rushmills, Northampton, NN4 7YP (c) Independent Examiner: Community360, Winsleys House, High Street, Colchester, CO1 1UP
1
THE GILBERT and SULLIVAN SOCIETY
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021
The elected committee members in their capacity as trustees of the charity are required by the law applicable to charities in England and Wales to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the financial year and of the surplus or deficit for the financial year
In preparing these financial statements, the trustees are required to:
Select suitable accounting policies and then apply them consistently;
Make judgments and estimates that are reasonable and prudent; state whether applicable accounting standard and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements;
Prepare the financial stamens on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records which disclosure with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act and the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
On behalf of the Committee and Trustees
J Penn
2
THE GILBERT and SULLIVAN SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Draft V4 10/09/19 | ||||
|---|---|---|---|---|
| Note Income Donations 2 Charitable activities 3 Investment activity 4 Total income Expenditure Charitable activities 5 Total expenditure Previous year adjustment Profit(loss) on investments Net income Total funds brought forward Total funds carried forward |
2021 Unrestricted Funds £ 109,555 6,623 2,066 |
2021 Restricted Funds £ - - - |
2021 Total Funds £ 109,555 6,623 2,066 118,245 8,028 8,028 - 7,586 117,802 70,169 187,971 |
2020 Total Funds £ 794 32,596 2,732 |
| 118,245 8,028 |
- - |
36,122 42,097 |
||
| 8,028 - 7,586 |
- - - |
42,097 (469) (10,976) |
||
| 117,802 70,169 |
- - |
(17,420) 87,589 |
||
| 187,971 | - | 70,169 |
The notes on pages 6 - 8 form an integral part of these financial statements.
4
THE GILBERT and SULLIVAN SOCIETY
BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2021
| Note Fixed assets Tangible assets 6 Investments Total fixed assets Current assets Debtors 7 Cash at bank and in hand Current liabilities Creditors 8 Total current liabilities Net current assets Total assets less current liabilities Funds Unrestricted funds |
2021 £ 918 75,613 76,531 1,085 111,247 112,332 892 892 111,440 187,971 187,971 187,971 |
2020 £ 918 66,201 |
|---|---|---|
| 67,119 1,028 2,846 |
||
| 3,874 824 |
||
| 824 | ||
| 3,050 | ||
| 70,169 | ||
| 70,169 | ||
| 70,169 |
Signed Date
5
THE GILBERT and SULLIVAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. Accounting policies
1.1 Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on Recommended Practise 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)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Cash flow
The financial statements do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard 1 "Cash flow statements".
Incoming resources
All material incoming resources have been included on a receivable basis They are included if the date receivable falls within the period covered by these accounts.
Resources expended
These have been analysed using a natural classification.
Depreciation
Depreciation is calculated to write down the cost or valuation, less estimated residual value.
| The rates applicable are: Library Books These are not 2. Donations General Donations Door Takings 3. Charitable activities Subscriptions Affiliation Fees G & S News Advertising Other Income Convention Sales income 4. Investment activities Dividends and Interest |
depreciated 2021 £ 109,555 - 109,555 2021 £ 5,265 135 849 145 - - 230 6,623 2021 £ 2,066 2,066 |
2020 £ 124 670 |
|---|---|---|
| 794 | ||
| 2020 £ 5,568 118 1,219 - 247 24,715 729 |
||
| 32,596 | ||
| 2020 £ 2,732 |
||
| 2,732 |
6
THE GILBERT and SULLIVAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Draft V4 10/09/19
| 5. Charitable activities G and S news costs Room hire Artists Insurance Sponsorship Advertising Convention Professional fees Investment fees Committee expenses Refreshments Sundry expenses 6. Fixed assets Cost At 1 April 2019 Additions At 31 March 2020 Deprecation At 1 April 2019 At 31 March 2020 Net book value At 31 March 2021 At 31 March 2020 7. Debtors Debtors Prepayment 8. Creditors Other creditors Accruals |
2021 £ 5,472 - 1,585 - - - - 282 240 374 - 75 8,028 Library Books £ 918 - 918 - - 918 918 2021 £ 845 240 1,085 2021 £ 610 282 892 |
2020 £ 5,442 2,054 1,780 183 - 150 31,137 192 240 381 342 196 |
|---|---|---|
| 42,097 | ||
| Total £ 918 - |
||
| 918 | ||
| - | ||
| - | ||
| 918 | ||
| 918 | ||
| 2020 £ 845 183 |
||
| 1,028 | ||
| 2020 £ 632 192 |
||
| 824 |
7
THE GILBERT and SULLIVAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
| 9. Investments UK investments are held as follows - Market Value as at 31 March 2020 Additions Disposals Unrealised surplus (deficit) on revaluation Increase(decrease) in cash held Market value as at 31 March 2021 |
2021 £ 66,201 176 - 7,762 1,650 75,790 |
2020 £ 89,735 - (50) (10,976) (12,508) |
|---|---|---|
| 66,201 |
10. Going concern
The charity is operating on a going concern basis
11. Related parties
There are no related parties
12. Trustee remuneration
No remuneration was paid to any Trustee or to any person or persons known to be connected with any of them.
8
THE GILBERT and SULLIVAN SOCIETY
Charity number 1062970
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021
THE GILBERT and SULLIVAN SOCIETY
CONTENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |
|---|---|
| Statement of Trustees Responsibilities | 1 - 2 |
| Independent Examiner's Report | 3 |
| Income & expenditure account | 4 |
| Balance sheet | 5 |
| Notes to the financial statements | 6 - 8 |
THE GILBERT and SULLIVAN SOCIETY
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021
The Gilbert and Sullivan Society, which is governed by the rules adopted at the Annual General Meeting on 8th July 1925, incorporating revision subsequently approved up to and including 4th November 2019 was registered as a charity on 20 June 1997.
The trustees of the charity during the year ended 31 March 2021, all of whom are members of the executive committee were:
John Penn John Tritton Robert Gray Angela Penn Alan Parfitt Christine Parfitt Stuart Box Katie Barnes Vic Golding Celia Lyons Peter Mountsteven Zena Wigram (appointed September 2020)
PRINCIPLE OBJECT
The principal object of the society is to advance public education by the promotion of Gilbert and Sullivan's works. In particular, but not exclusively by the provision of lectures, concerts, the maintenance of a Gilbert and Sullivan library and museum, and the production of a regular Gilbert and Sullivan publication for members and the public.
REVIEW OF THE YEAR
The activities of the Society are reviewed by the appropriate members of the executive committee in a separate report attached here to.
FINANCIAL REVIEW
The financial statements are presented in a format consistent with the statement of recommended practice (SORP) for charities.
ADMINISTRATIVE INFORMATION
(a) Bankers: Barclay's Bank Plc, 355 Station Road, Harrow, Middlesex, HA1 2AN (b) Investment Advisers: Cave & Sons, Lockgates House, Rushmills, Northampton, NN4 7YP (c) Independent Examiner: Community360, Winsleys House, High Street, Colchester, CO1 1UP
1
THE GILBERT and SULLIVAN SOCIETY
STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021
The elected committee members in their capacity as trustees of the charity are required by the law applicable to charities in England and Wales to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity at the end of the financial year and of the surplus or deficit for the financial year
In preparing these financial statements, the trustees are required to:
Select suitable accounting policies and then apply them consistently;
Make judgments and estimates that are reasonable and prudent; state whether applicable accounting standard and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements;
Prepare the financial stamens on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records which disclosure with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act and the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities
On behalf of the Committee and Trustees
J Penn
2
THE GILBERT and SULLIVAN SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Draft V4 10/09/19 | ||||
|---|---|---|---|---|
| Note Income Donations 2 Charitable activities 3 Investment activity 4 Total income Expenditure Charitable activities 5 Total expenditure Previous year adjustment Profit(loss) on investments Net income Total funds brought forward Total funds carried forward |
2021 Unrestricted Funds £ 109,555 6,623 2,066 |
2021 Restricted Funds £ - - - |
2021 Total Funds £ 109,555 6,623 2,066 118,245 8,028 8,028 - 7,586 117,802 70,169 187,971 |
2020 Total Funds £ 794 32,596 2,732 |
| 118,245 8,028 |
- - |
36,122 42,097 |
||
| 8,028 - 7,586 |
- - - |
42,097 (469) (10,976) |
||
| 117,802 70,169 |
- - |
(17,420) 87,589 |
||
| 187,971 | - | 70,169 |
The notes on pages 6 - 8 form an integral part of these financial statements.
4
THE GILBERT and SULLIVAN SOCIETY
BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2021
| Note Fixed assets Tangible assets 6 Investments Total fixed assets Current assets Debtors 7 Cash at bank and in hand Current liabilities Creditors 8 Total current liabilities Net current assets Total assets less current liabilities Funds Unrestricted funds |
2021 £ 918 75,613 76,531 1,085 111,247 112,332 892 892 111,440 187,971 187,971 187,971 |
2020 £ 918 66,201 |
|---|---|---|
| 67,119 1,028 2,846 |
||
| 3,874 824 |
||
| 824 | ||
| 3,050 | ||
| 70,169 | ||
| 70,169 | ||
| 70,169 |
Signed Date
5
THE GILBERT and SULLIVAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. Accounting policies
1.1 Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement on Recommended Practise 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)- (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Cash flow
The financial statements do not include a cash flow statement because the charity, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard 1 "Cash flow statements".
Incoming resources
All material incoming resources have been included on a receivable basis They are included if the date receivable falls within the period covered by these accounts.
Resources expended
These have been analysed using a natural classification.
Depreciation
Depreciation is calculated to write down the cost or valuation, less estimated residual value.
| The rates applicable are: Library Books These are not 2. Donations General Donations Door Takings 3. Charitable activities Subscriptions Affiliation Fees G & S News Advertising Other Income Convention Sales income 4. Investment activities Dividends and Interest |
depreciated 2021 £ 109,555 - 109,555 2021 £ 5,265 135 849 145 - - 230 6,623 2021 £ 2,066 2,066 |
2020 £ 124 670 |
|---|---|---|
| 794 | ||
| 2020 £ 5,568 118 1,219 - 247 24,715 729 |
||
| 32,596 | ||
| 2020 £ 2,732 |
||
| 2,732 |
6
THE GILBERT and SULLIVAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Draft V4 10/09/19
| 5. Charitable activities G and S news costs Room hire Artists Insurance Sponsorship Advertising Convention Professional fees Investment fees Committee expenses Refreshments Sundry expenses 6. Fixed assets Cost At 1 April 2019 Additions At 31 March 2020 Deprecation At 1 April 2019 At 31 March 2020 Net book value At 31 March 2021 At 31 March 2020 7. Debtors Debtors Prepayment 8. Creditors Other creditors Accruals |
2021 £ 5,472 - 1,585 - - - - 282 240 374 - 75 8,028 Library Books £ 918 - 918 - - 918 918 2021 £ 845 240 1,085 2021 £ 610 282 892 |
2020 £ 5,442 2,054 1,780 183 - 150 31,137 192 240 381 342 196 |
|---|---|---|
| 42,097 | ||
| Total £ 918 - |
||
| 918 | ||
| - | ||
| - | ||
| 918 | ||
| 918 | ||
| 2020 £ 845 183 |
||
| 1,028 | ||
| 2020 £ 632 192 |
||
| 824 |
7
THE GILBERT and SULLIVAN SOCIETY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021
| 9. Investments UK investments are held as follows - Market Value as at 31 March 2020 Additions Disposals Unrealised surplus (deficit) on revaluation Increase(decrease) in cash held Market value as at 31 March 2021 |
2021 £ 66,201 176 - 7,762 1,650 75,790 |
2020 £ 89,735 - (50) (10,976) (12,508) |
|---|---|---|
| 66,201 |
10. Going concern
The charity is operating on a going concern basis
11. Related parties
There are no related parties
12. Trustee remuneration
No remuneration was paid to any Trustee or to any person or persons known to be connected with any of them.
8