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**