REGISTERED CHARITY NUMBER: 1089254
Reportof the Trustees and Unaudited Financial Statements for the Year Ended 31 August2025
for
Bridgwater Operatic Society
Maxwells Chartered Accountants 4 King Square Bridgwater Somerset TA6 3YF
Bridgwater OperaticSociety
Contents of the Financial Statements for the Year Ended 31 August 2025
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Page
Report of the Trustees | to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
Detailed Statement of Financial Activities It to 12
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Bridgwater Operatic Society
Report of the Trustees. for the Year Ended 31 August 2025
The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Society's objectives are to advance the education of the public in dramatic and operatic arts and to further the development of public appreciation and taste in the said arts.
Public benefit
The Society provides opportunities for members to experience training and also performance opportunities in the theatrical arts. The public benefit from having the opportunity to experience live theatrical art performances in the local area.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
Bridgwater Operatic Society has once again enjoyed a rewarding and successful year, with our winter production, Elf the Musical. With strong audience response, excellent feedback, and impressive ticket sales, the show returned a healthy profit for the society. This was both encouraging and reassuring, providing a positive financial outcome.
Our main spring production was Andrew Lloyd Webber's iconic musical Cats. The show was extremely well received by audiences and reviewers alike, and we are proud to have staged a production of such scope and technical demand. The cost of bringing that scale of production to the stage was significant, however, we are pleased to report that we successfully broke even overall - a strong achievement considering the ambition behind the show and the resources required to deliver it to the high standard for which BOS is known.
We also achieved one of our strongest years to date in fundraising efforts, raising over £2400 through a variety of events, activities, and the continued generosity and support of members, patrons and the wider community. This contribution has provided a valuable boost to our financial stability and will continue to support future productions. Another area of growth for the society has been the hiring of our club room. This has proven to be a reliable and profitable source of income, and although it requires organisation and regular management, the effort has been well worthwhile and has contributed positively to our overall financial position.
Looking ahead, we enter an exciting and energetic new phase for the society. Preparations are now underway for our Winter Showcase Evening taking place this December, followed by our next spring production, Me and My Girl, which promises to be an uplifting and joyful show for both performers and audiences. With continued enthusiasm from our members, dedication from the committee, and support from our loyal audiences, we face the coming year with optimism and ambition.
In conclusion, I remain confident that BOS continues to stand on strong ground both artistically and financially, with much to celebrate and even more to look forward to. FINANCIAL REVIEW Reserves policy All monies received by the treasurer shall be paid into the Society accounts as directed by the committee. All funds which in the opinion of the committee are available for investment shall be transferred or paid into the account of the Society at such bank or building society as the committee direct. The account shall hold a sufficient reserve so that any possible loss on future productions can be fully funded and that in addition, the society is able to meet its financial commitments for the following twelve months.
The reserves held at the year-end were £100,348 (2024 - £104,885)
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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Bridgwater Operatic Society
Report of the Trustees for the Year Ended 31 August 2025
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1089254
Principal address C/O 16 Esplanade Burnham On Sea Somerset TA8 IBG
Trustees ME Peters Chair Miss G A Mear Trustee A M Edwards Trustee L White Trustee J Tucker Trustee DR Baker Trustee Mrs S I Baker Trustee Ms K Williams Trustee Mrs S Creswick Trustee Ms K Warren Trustee J Holliday Trustee (appointed 19.12.24) Mrs R J Dolding Trustee (appointed 19.12.24) N Priddle Trustee (appointed 19.12.24) M J Dodden President (appointed 19.12.24) S R Lewin Trustee (appointed 19.12.24)
Independent Examiner Gavin Roberts (FCA) Maxwells Chartered Accountants 4 King Square Bridgwater Somerset TA6 3YF
Bankers
Lloyds Bank ple 25 Cornhill Bridgwater Somerset TA6 3AY 4 er Approved by ia ul’ dc.ofthe boardoftrustees onlples. and signed on its behalfby: ME Peters - Trustee
Page 2
Independent Examiner's Report to the Trusteesof
Bridgwater Operatic Society
Independent examiner's report to the trustees of Bridgwater Operatic Society
I report to the charity trustees on my examination of the accounts of Bridgwater Operatic Society (the Trust) for the year ended 31 August 2025.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination J have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Gavin Roberts (FCA)
Maxwells
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Chartered Accountants
4 King Square
Bridgwater
Somerset,
TA6 3
Date: hot a : erst, EN
O2Crj/2026
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Page 3
Bridgwater Operatic Society
Statement of Financial Activities for the Year Ended 31 August 2025
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|||||||
|---|---|---|---|---|---|
|31.8.25|31.8.24|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|INCOME AND ENDOWMENTS FROM|
|Donations|and legacies|10|30|
|Charitable|activities|
|Presentation|of|musical|shows|81,428|49,831|
|General Fundraising|4,580|1,264|
|Other trading|activities|2|4,902|4,180|
|Investment|income|3|300|342|
|Total|91,220|55,647|
|EXPENDITURE|ON|
|Charitable|activities|
|Presentation|of|musical|shows|80,970|$8,973|
|Genera!|Fundraising|14,787|8,352|
|Total|95,757|67,325|
|NET INCOME/(EXPENDITURE)|(4,537)|(11,678)|
|RECONCILIATION|OF FUNDS|
|Total|funds brought|forward|104,885|116,563|
|TOTAL FUNDS CARRIED|FORWARD|100,348|104,885|
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The notes form part of these financial statements
Page 4
Bridgwater Operatic Society
Balance Sheet 31 August 2025
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||||||||
|---|---|---|---|---|---|---|
|31.8.25|31.8.24|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|FIXED ASSETS|
|Tangible|assets|6|72,463|73,205|
|CURRENT ASSETS|
|Debtors|7|4,486|12,227|
|Cash|at bank|24,735|27,685|
|29,221|39,912|
|CREDITORS|
|Amounts|falling|due within|one year|8|(1,336)|(8,232)|
|NET CURRENT ASSETS|27,885|31,680|
|TOTAL ASSETS LESS CURRENT|
|LIABILITIES|100,348|104,885|
|NET ASSETS|100,348|104,885|
|FUNDS|9|
|Unrestricted funds|100,348|104,885|
|TOTAL FUNDS|100,348|104,885|
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The financial statements were approved by the Board of Trustees and authorised for issue on AGAIDVDS................. and were signed on its behalf by: Qe Uc: ME Peters - Trustee
The notes form part of these financial statements
Page 5
Bridgwater Operatic Society
Notes to the Financial Statements for the Year Ended3] August 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice 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)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Treland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of Tesources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance Plant and machinery - 12.5% on cost Fixtures and fittings - 10% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
- OTHER TRADING ACTIVITIES
| 31.8.25 | 31.8.24 | ||
|---|---|---|---|
| £ | £ | ||
| Membership | subscriptions | 2,527 | 2,289 |
| Fundraising | 2,375 | 1,891 | |
| 4,902 | 4,180 |
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continued...
Bridgwater Operatic Society
Notes to the Financial Statements - continued. for the Year Ended 31 August 2025
- INVESTMENT INCOME
Interest receivable - trading
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|||
|---|---|
|31.8.25|31.8.24|
|£|£|
|300|342|
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- TRUSTEES' REMUNERATION AND BENEFITS There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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||||||
|---|---|---|---|---|
|Unrestricted|
|funds|
|£|
|INCOME AND ENDOWMENTS FROM|
|Donations|and|legacies|30|
|Charitable|activities|
|Presentation|of|musical|shows|49,831|
|General|Fundraising|1,264|
|Other trading|activities|4,180|
|Investment|income|342|
|Total|55,647|
|EXPENDITURE|ON|
|Charitable|activities|
|Presentation|of musical|shows|58,973|
|General|Fundraising|8,352|
|Total|67,325|
|NET INCOME/(EXPENDITURE)|(11,678)|
|RECONCILIATION|OF FUNDS|
|Total|funds brought|forward|116,563|
|TOTAL FUNDS CARRIED FORWARD|104,885|
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continued...
Bridgwater Operatic Society
Notes to the Financial Statements - continued forthe Year Ended 31 August 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|6.|TANGIBLE|FIXED ASSETS|
|Improvements|Fixtures|
|Freehold|to|Plant|and|and|
|property|property|machinery|fittings|Totals|
|£|£|£|£|£|
|COST|
|At|1|September 2024|64,169|10,538|1,745|361|76,813|
|Additions|-|-|309|-|309|
|At 31|August 2025|64,169|10,538|2,054|361|77,122|
|DEPRECIATION|
|At|1|September 2024|-|2,856|654|98|3,608|
|Charge|for year|-|768|257|26|1,051|
|At 31|August 2025|-|3,624|911|124|4,659|
|NET BOOK VALUE|
|At 31|August 2025|64,169|6,914|1,143|237|72,463|
|At 31|August 2024|64,169|7,682|1,091|263|73,205|
|7.|DEBTORS:|AMOUNTS FALLING DUE WITHIN|ONE YEAR|
|31.8.25|31.8.24|
|£|£|
|Trade|debtors|620|180|
|Prepayments|and accrued|income|3,866|12,047|
|4,486|12,227|
|8.|CREDITORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|
|31.8.25|31.8.24|
|£|£|
|Other creditors|1,336|8,232|
|9.|MOVEMENT|IN|FUNDS|
|Net|Transfers|
|movement|between|At|
|At|1.9.24|in funds|funds|31.8.25|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|104,885|(5,715)|1,178|100,348|
|Chitty|Chitty Bang Bang|-|(105)|105|-|
|ELF|-|1,306|(1,306)|-|
|Cats|-|(23)|23|-|
|104,885|(4,537)|-|100,348|
|TOTAL FUNDS|104,885|{4,537)|-|100,348|
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continued..,
Bridgwater Operatic Society
Notes tothe Financial Statements -[continued] fortheYear Ended 31 August2025
9. MOVEMENT IN FUNDS- continued
Net movement in funds, included in the above are as follows:
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|9,793|(15,508)|(5,715)|
|Chitty Chitty Bang Bang|-|(105)|(105)|
|ELF|31,349|(30,043)|1,306|
|Cats|50,078|(50,101)|(23)|
|91,220|(95,757)|(4,537)|
|TOTAL FUNDS|91,220|(95,757)|(4,537)|
|Comparatives for movement in funds|
|Net|Transfers|
|movement|between|At|
|At|1.9.23|in|funds|funds|31.8.24|
|£|£|£|£|
|Unrestricted|funds|
|General fund|118,331|(2,687)|(10,759)|104,885|
|Anything Goes|(1,768)|150|1,618|:|
|Chitty Chitty Bang Bang|.|(9,141)|9,141|.|
|116,563|(11,678)|-|104,885|
|TOTAL FUNDS|116,563|(11,678)|-|104,885|
|Comparative net movement|in|funds,|included|in the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|5,665|(8,352)|(2,687)|
|Anything Goes|150|:|150|
|Chitty|Chitty Bang Bang|49,832|(58,973)|(9,141)|
|55,647|(67,325 }|(11,678)|
|TOTAL FUNDS|55,647|(67,325)|(11,678)|
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continued...
Bridgwater Operatic Society
Notes to the Financial Statements - continued for theYear Ended 31 August 2025
- MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined position is as follows:
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||||||
|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.9.23|in funds|funds|31.8.25|
|£|£|£|£|
|Unrestricted|funds|
|General fund|118,331|(8,402)|(9,581)|100,348|
|Anything Goes|(1,768)|150|1,618|-|
|Chitty Chitty Bang Bang|-|(9,246)|9,246|=|
|ELF|.|1,306|(1,306)|.|
|Cats|(23)|23|-|
|116,563|(16,215)|-|100,348|
|TOTAL FUNDS|116,563|(16,215)|.|100,348|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|15,458|(23,860)|(8,402)|
|Anything Goes|150|-|150|
|Chitty|Chitty Bang Bang|49,832|(59,078)|(9,246)|
|ELF|31,349|(30,043 )|1,306|
|Cats|50,078|(50,101|)|(23)|
|146,867|(163,082)|(16,215)|
|TOTAL FUNDS|146,867|(163,082|}|(16,215)|
|10.|RELATED|PARTY DISCLOSURES|
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There were no related party transactions for the year ended 31] August 2025.
Page 10
Bridgwater Operatic Society
Detailed Statement of Financial Activities for the Year Ended 31 August 2025
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||||||||
|---|---|---|---|---|---|---|
|31.8.25|31.8.24|
|£|£|
|INCOME AND ENDOWMENTS|
|Donations and|legacies|
|Donations|10|30|
|Other|trading|activities|
|Membership|subscriptions|2,527|2,289|
|Fundraising|2,375|1,891|
|4,902|4,180|
|Investment|income|
|Interest receivable|- trading|300|342|
|Charitable|activities|
|Production|income|81,428|49,831|
|Hire of|clubroom|4,580|1,264|
|86,008|$1,095|
|Total incoming|resources|91,220|$5,647|
|EXPENDITURE|
|Charitable|activities|
|Rates|and water|470|240|
|Insurance|1,604|1,667|
|Light and heat|2,153|1,917|
|Production|costs|80,249|58,973|
|NODA|399|303|
|Admin|59|304|
|Award Expenses|683|150|
|Donation|123|185|
|Cleaning|962|688|
|Equipment|551|405|
|Repairs and maintenance|4,669|204|
|Stock purchased|262|-|
|Hospitality|490|.|
|Membership|25|25|
|Newsletters|87|-|
|Website|600|550|
|Storage|720|-|
|Depreciation|of|tangible|fixed|assets|1,051|1,101|
|95,157|66,712|
|Support costs|
|Governance|costs|
|Accountancy and|legal|fees|600|613|
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This page does not form part of the statutory financial statements
Page 11
Bridgwater Operatic Society
Detailed Statement of Financial Activities for the Year Ended 31 August 2025
Total resources expended
Net expenditure
| 31.8.25 | 31.8.24 |
|---|---|
| £ | £ |
| 95,757 | 67,325 |
| (4,537) | (11,678) |
This page does not form part of the statutory financial statements
Page 12
Notes ta the Financial Statements for the year ended 31 August 2025
Production Account
| Cats | Chitty Chitty Bang Bang |
Elf | Total | 2024 | |
|---|---|---|---|---|---|
| Income | |||||
| Boxoffice | 35,082.31 | 25,680.41 | 60,762.72 | 42,768.00 | |
| Raffle profit | 1,032.07 | 493.99 | 1,526.06 | 931.00 | |
| Programmesalesandadverts | 1,910.00 | 974.64 | 2,884,684 | 3,155.00 | |
| Showfees | 2,155.00 | 1,035.00 | 3,190.00 | 2,025.00 | |
| Sponsorship | 7,493.00 | 795.00 | 8,288.00 | 952.00 | |
| Personalsponsor | 2,405.00 | 950.00 | 3,355.00 | ||
| Refreshments | 1,421.73 | 1,421.73 | |||
| Totalproductionincome | 50,077.38 | 0.00 | 31,350.77 | 81,428.15 | 49,831.00 |
| Expenditure | |||||
| Expenses/contingency | 2,250.45 | 994.46 | 3,244.91 | ||
| Props | 281.53 | 23.02 | 600.00 | 904.55 | 4,551.00 |
| Lighting | 12,251.25 | 3,241.14 | 15,492.39 | 3,086.00 | |
| Insurance | 300.00 | 300.00 | 240.00 | ||
| Band/orchestra/backingtracks | 4,390.00 | 1,059.78 | 5,449.78 | 4,800.00 | |
| Royalties | 6,838.19 | 4,882.66 | 11,720.85 | 8,202.00 | |
| Musical Directorexpenses | 1,300.00 | 560.00 | 1,800.00 | 2,570.00 | |
| Hire ofhall/theatre | 8,043.36 | 2,992.48 | 11,035.84 | 8,676.00 | |
| Publicityandadvertising | 988,69 | 725.18 | 1,713.87 | 1,135.00 | |
| Sound | 3,241.14 | 3,241.14 | 2,712.00 | ||
| Hire/purchaseofbooks | 1,192.95 | 81.58 | 983.00 | 1,589.00 | |
| Set,SetExtrasand Flying | 5,590.41 | 6,502.28 | 12,092.69 | 13,230.00 | |
| Wardrobe | 5,142.32 | 1,875.34 | 7,017.66 | 4,462.00 | |
| Wigsand make-up | 67.47 | 67.47 | 392.00 | ||
| Audition material | 200.00 | 100,00 | 300.00 | 252.00 | |
| Cast/greenroom refreshments | 267.57 | 181.49 | 449.06 | 579.00 | |
| BoxOffice/Ticketsalescommission | 270.00 | 144.00 | 414.00 | 1,538.00 | |
| Programmes | 712.97 | 446.00 | 1,158.97 | 959.00 | |
| Stage Manager | 63.80 | 63.80 | |||
| ProjectionArtwork | 1,295.04 | 1,295.04 | |||
| LogoPack | 150.00 | 150.00 | |||
| Sweatshirts | 81.00 | 81.00 | |||
| Totalproductioncosts | 50,100.69 | 104.60 | 30,045.26 | 77,993.02 | 58,973.00 |
| Netincome(exenditure)on | |||||
| production | «23.31 | -104.60 | 1,305.51 | 3,435.13 | -9,142.00 |