REpoirr OFTHE TRUSTEES AND
FINANCIAL sfATEMEKfs FOR THE YEAR ENDED 31st DECEMBER 2023
FOR
WORCEsfER OPERATIC AND DRAMATIC soaErY
Reglstered Charlty Number: 1091564
Cover

Worcester Operatlc And Dramatit Society
Contents of the Financial Statements
for the Year Ended 315t December 2023
Page
Referen￿ and Adminsitrative Details
Report of the Trustees
2to4
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
8t016
Index

Worcester Operatic And Dramatic Society
Reference and Administrative Details
forthe Year Ended 31st December 2023
TRUSTEES
M Astles (President)
A Turner (Secretary)
A Hasnip Ilmmediate Past President)
R Price Icommercial Manager)
L Berryman
P Brown
J Field
S Gilhooly
C Holloway
C Hooper
Ajakeman {appointed 27 April 20231
PRINCIPAL ADDRESS
St Mary's Hall
Northfield Street
Worcester
WRI INS
REGISTERED CHARITY NUMBER
1091564
INDEPENDENT EXAMINER
The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
wOr￿StershIre
WRI IRU
SOUCITORS
Hal￿markwhatleY Hulme
4-5 Sansome Place
Worcester
WRI IUQ
BANKERS
Santander PIC
Bootle
Merseyside
L30 4GB
Barclays Bank
I Churchill Place
London E14 5HP
Page I

Worcester Operalk And Dramatic Soclety
Report of the Trustees
forthe Year Ended 31st December 2023
The trustees present their report with the financial statements of the Society for the year ended 31
December 2023. 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 IFRS 102} {effective I
January 2019}.
OBJECTIVES AND ACTIVITIES
The object of the Society is to educate the public in the dramatic and operatic arts, to further the
development of public appreciation and taste in the said arts, to assist and further such charitable
institution5 and charitable purposes as the committee shall from time to time determine.
Si8nificant Actlvities
The object of the Society is to educate the public in the dramatic and operatic arts. to further the
development of public appreciation and taste in the said arts, to assist and further such charitable
institutions and charitable purposes as the committee shall from time to time determine.
The principal activities continue to be the performance of three full-scale musical productions per annum
in local theatres and other smaller scale musical and dramatic works in other venues in the Worcester and
Malvern area.
Productions are carefully chosen fortheir educative value and their potential to broaden the Scope of the
theatrical and artistic provision available to the local community.
The Society particularly values its involvement with young people, organised through itsyouth Section, to
Publlc Benefft
The trustees confirm that they have complied with the duty in Section 17151 of the 2011 Charities Act to
have due regard to guidance on public benefit published by the Charities Commission when reviewing the
charivs objectives and in planning future activities.
ACHIEVEMENT AND PERA)RMANCE
During 2023, the Trustees have focused on continuing the process of stabilising our procedures and
annual cycles of activities that we had established over many years before the COVID-19 pandemic
hit us. We have continued to stage ourtraditional three shows a year- two by WODS and one by our
Youth Section WODYS. These shows were staged in April 2023 (The Sound of Music) and October
2023 {The Wedding Singer) with ouryouth Section show in August 2023 {Carousell. The hesitancy of
post COVID audiences to return in 2022 has now been replaced by financial pressures on our
customers, domestic budgets. In setting our show budgets, we have been tightly squeezed between
the relentless increase in our production costs (theatre, set and costurne hire) and the extent to
which we can increase ticket prices to compensate without scaring away our audiences.
A continuing concern has been the above-inflation annual increases In the cost of hirin8 our main
venue the Swan Theatre, exacerbated by the deterioration in some of the theatre facilities,
necessitating more hiring-in of equipment. This has pushed our break-even points even higher, We
have recently analysed our show finances over the past 10 to 15 years to try and look for areas
where we could make savings on our non-fixed costs. This has identified some areas where we can
make savings without compromisingthe quality of our shows, such as Programme costs, professional
fees and the use of more in-house costumes, sets and props.
The income on hiring out our Hall has continued to recover in this past year due to the increased
number of enquiries through our own web-site. The income from the hire of our car-parking spaces
has continued to be stable and we normally have a waiting list for spaces to hire.
Throughout the year, the Trustees have placed great importance on communication with our
membership by means of regular Facebook postings and Newsletters. We have also continued to
hold New Member evenings at the Hall to talk to small groups of potential new members about the
Society, the future shows we have planned, offer refreshment5 and give them a tour of the Hall
facilities. This has continued to be very successful in converting expressions of interest into signed-up
Membership.
Page 2

Worcester Operatic And Drnmatlc Soclety
Notes to the Financial Statements-continued
for the Year Ended 31st December 2023
ACHIEVEMEMf AND PERFORMANCE continued.
Our premises, St Maivs Hall, is a great asset for the Society but one which
requires constant upkeep. During the past year, we have commissioned a
structural survey of the building together with a drone survey of the roof. These
showed no major concerns but a small number of minor stonework issues that
need attention overthe next 12 months. A team of volunteers has continued to
meet weeklyto carry out minor repairs and cleaning. We have recently reviewed
our Buildings Insurance policy with NFU to ensure it accurately rneets our needs.
Finally, the Trustees have started to plan forthe future to ensure the Society is re-
structured to address the changing ethos of the Society from a social group to a
production-oriented enterprise. Changes tothe Constitution and the waythat key
decisions are made by the Trustees will be introduced over the next year.
Overall, this year has been one where the Society consolidated its operations and
finances, but with an increasing emphasis of planning ahead for the future to
enable us to continue to provide high-quality entertainment while maintaining a
sound financial position.
FINANCIAL REVIEW
Total Funds amounted to£118,059 at 31 December 20231£118,713 at 31 December 20221
of which £4,988 was held in Restricted Fund51£7,048 at 310ecember 20221.
Unrestricted incoming resource5 for the year amounted to £117,21412022: £108.9551 and
Unrestricted out80ing resources amounted to £117,16312022'. £119,997) resulting in net
income, after 8ains and losses on investments, of £1,406 {2022: deficit £14.6941.
Restricted Incoming resources for the year amounted to £2,799 12022: £0) and restricted
outgoing resources amounted to £4,859 {2022'. £0) resultin8 in net expenditure of £2,060
12022.. £01.
Reserves Pollcy
In normal years not disrupted by unforeseen events beyond the Charivs control cashflows
do not happen evenly month by month, but are heavily skewed around the months before,
during, and after the main Charitable Activities which are always bud8eted to be cash
neutral. Typically this is between the months of March to May and July to November.
Other cashflows in respect of the Charity's Support Activities are regarded as happening
evenly month by month. The strategy agreed by the trustees is to maintain an unrestricted
reserve fund equivaSent to approximately 9 months expenditure of Support Costs. The
Charivs general unrestricted reserves excluding fixed 355ets were £54,887 at 31
December 202312022: £55,6221, representing approximately 32 months of unrestricted
supporting expenditure, therefore the strate8y is currently being achieved.
The Trustees recognSse the importance of rigorous financial control. and they are pleased
to report that unrestricted reserves continue to be maintained at an acceptable level
despite a year of significant inflationary pressure. Audience levels continued to be
acceptable whilst it is clear the general theatre going public are becoming increasingly
discernin8 regarding which productions they can afford to support. Admission ticket prices
continue to be difficult to maintain as the financial pressure on break even points continue
to rise. The Trustees critically review every element of production expenditure whilst
ensuring that the quality of what Is being offered is maintained. Accordingly, the ongoing
challenge to the Society is to continue to present a varied and attractive programme to the
theatre going public whilst controlling its costs within its agreed budgets and thereby
maintsin its reserves at an acceptable amount.
Page 3

Worcester Operntic And Dramatlc Soclety
Report of the Trustees- Continued
forthe Year Ended 31st December 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Goveming document
The charity is controlled by its governing document, a deed of trust. and constitutes an unincorporated charity.
Rlsk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and ern)r.
Durin8 2023 the trustees continually monitored the exposure of the Society to ongoing risk in accordance with
their adopted Risk Policies, including Child Protection, Equal Opportunities and Health & Safety.
CONSTITUTION
Worcester Operatic and Dramatic Society {"the Sociev) became a registered charity on 8 April 2002 and is
governed by its constitution adopted on 24 April 2020. Charity number 1091564.
TRUSTEES
The members of the Society's committee are its trustees for the purpose of charity law and throughout this
report are collectively referred to as its trustees. As set out in the constitution the Annual General meeting
elects the trustees comprising up to ten members of the Society. two of whom retire by rotation. and are
eliBible for re*lection. In addition, the Immediate Past President and the Chairperson of the Youth Section sub-
committee are co-opted to the committee as a members.
ORGANISATION
The tru5tee5, who meet monthly. administerand managethe dayto day affairs. There is a sub-committee that
administers the Youth Section.
INVESTMENf POWERS
Under the constitution, the trustees have the power to invest funds in the name of the Society, as they deem
appropriate.
Approved by order ofthe board oftrustees on....ZAI.I..l.w........................ and signed on its behalf by.
d Skelton
PresidenVTrustee
Page 4

Independent Examiner's Report to the Trustees of
Worcester Operatic And Dramatic Soclety
Independent examiner's report to the trustees of Worcester Operatic And Dramatic Society
I report to the charity trustees on my examination of the accounts of Worcester Operatic And Dramatic Society Ithe
Trust) for the year ended 31st December 2023.
Responsibilities and basls 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 20111'the Act'}.
I report in respert of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out
my examination I have followed all applicable Directions given by the Charity Commission under section 14515llbl of the
Independent examlner's statement
I have completed my examination. I confim that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respert..
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
3. the accounts do not comply with the applicable requirements conceming the form and content of accounts
set out in the Charities (Accounts and Reports) Regulations 2008 other than any reqUi￿rnent that the accounts
give a true and fair view which is not a matter conSide￿d 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 understsndin8 of the accounts to be reached.
Melissa Godwin ACAACCA
The Richards Sandy Partnershlp
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WRI IRU
Date: .....
2&1.1..J.2s¥...............
Page 5

Worcester Operatic And Dramatic Society
Statement of Financial Activities
forthe Year Ended 3tst December 2023
2023
Total
Funds
2022
Total
Funds
Unrestricted Restrirted
Funds
Funds
Notes
INCOME AND ENDOWMEP￿S FROM
Donations and legacies
10,679
2,799
13N78
12.161
Charitsble actbvitles
Productions
Workshop and cabaret
95,702
95.702
430
85,722
195
Other trading activities
Investment income
Other income
9.211
1,089
103
9,211
1,089
103
10,303
412
162
Total
117.214
2,799
120,013
108,955
EXPENDITURE ON
Raising funds
Charitable activitles
Productions
Workshop and cabaret
206
116.291
633
4,859
121,150
119,353
438
Total
117,163
4.859
122,022
119,997
Net gains on Investments
1,355
1355
3,652
NET INCOME
1,406
2,060
14,694
RECONCILIATION OF FUNDS
Total funds brought forward
111,665
118,713
133,407
TOTAL FUNDS CARRIED FORWARD
The notes form part of these financial statements
Page 6

Worcester Operdlic And Dramatic Society
Balance Sheet
3tst December 2023
2023
Totsl
Funds
2022
Total
Funds
Unrestricted Restricted
Funds
Funds
Notes
FIXED ASSErs
Tangible Assets
Investments
23,798
34,386
23,798
34,386
24,499
31,544
13
58,184
58,184
56,043
CURRENfASSErs
Debtors
Cash at bank and in hand
14
14.871
44.564
16311
13,790
48.lll 54,640
3.548
59,435
4,988
64,423
68,430
CREDITORS
Amounts falling due within one year
15
4.548
5,760
NET CURRENf ASSETS
TOTAL ASSEfs LESS CURRENT LIABILMES
113,071
4,988
118,059 118,713
NET ASSETS
FUNDS
16
Unrestrlcted funds:
Generalfund
WODS Youth Section
Armstrong Youth Fund
104,449
6,822
94,609
15,216
1,840
113,071 111,665
Restrlcted funds
4.988
7,048
TOTAL FUNDS
The financial staternents were approved by the Board of Trustees and authorised for issue on
and were signed on its behalf by:
*712
Dr M Astles- Trustee
Page 7

Worcester Operatlc And Drdmatic Society
Notes to the Flnanclal Statements
for the Year Ended 3tst December 2023
AcCOU￿1NG POLICIES
BASIS OF PREPARING THE FINANCIAL sfATEMEKrs
The financial statement5 of the charity, which is a public benefit entity under FRS102. have been prepared in
accordance with the Charities SORP {FRS1021 "Accounting and Reporting by Charities- Statement of Recommend
Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland {Financial Reporting Standard 1021 (effective l January 2019) and the Charities Act
2011. The financial statements have been prepared under the historical cost convention, with the exception of
investments which are included at market value, as modified by the revaluation of certain assets.
The accounts are prepared in sterling, thich is the functional currency of the charity. Monetary amounts in these
financial statements are rounded to the nearest £.
The charity is exemptfrom preparing a statement of cashtlow on the ground5 that it is not a large charity.
INCOME
Income from grants {including government grants) and donations is recognised on a performance basis in the period In
which the charity is entitled to receipt and the amount can be measU￿d with reasonable certainty.
Income from charitable activities mainly relates to ticket sales and this is recognised when the service is provided to the
ustomer. Merchandise sale5 are recognised on exchange of goods.
Income from trading artivities, including rents re￿ived, is recognised on an accruals basis.
I nvestment income Is recognised when the relating investments issue notice of distribution to Its investors.
I nterest income is recognised for all interest bearlng investments on an accrual basis.
Membership subscriptions, rental income and ticket income received for periods commencing after the balance sheet
date are treated as deferred income, as the charity does not yet have entitlement to the funds.
EXPENDITURE
Llabilities are recognised as expenditure as soon as there 15 a legal or constructive obligation commltting the charity to
that expenditure, it is probable that a transfer of economic benefit 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 a88regate all cost related to the category. Where costs cannot be direttly attributed to particular headings
they have been allocated to activities on a basls consistent with the use of resour￿5.
CHARITABLE AcrivtriES
Costs of theatre productions and the costs of running the charity'5 premises are treated as charitable activities in the
accounts.
TANGIBLE FIXED ASSErs
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold Property
Improvements to property
Fixtures an fittings
2Yo on cost
- 20% on cost
- 20Yo on cost
Tangible fixed assets are induded at cost less depreciation. Purchases are capitalised and depreciated when it can be
demonstrated that the item retained a holding value atthe financial year end, and the purchase price was greaterthan
£5,OCO.
TAXATION
The charity is exempt from tax on its charitable activities.
Page 8

Worcester Operatic Arml Dramatic Society
Notes to the Financial Statements- continued
for the Year Ended 31st December 2023
Accouf4TING POLICIES- contlnued
FUND ACCOUNTING
The charity maintains an Unrestritted Fund for its day to day activities. Designated funds are maintained for the activities of
the charity's Youth Section "WODYS" and the future maintenance and upkeep of the charity's premises. Transfers are made to
or from the WODYS Fund so that the Youth Section has sufficient working capital to stage future performances prior to ticket
sales being received.
Grants received are credited to specific Restricted Funds as detemiined by the terms of their donation and expenditures are
charged accordingly against these funds.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
INVESTMENTS
Investments are included at market value at the balance 5h&t date. Any increase or decrease in market value is recognised in
the statement of financial activities.
The charity has elected to apply the provisions of Section 11 "Baslc Flnancial Instruments" and Section 12 "Other Financial
Instruments Issues of FRS 102 to all its finanaal instruments.
Financial instruments are recognised when the charity becomes party to contractual provisions of the instrument.
Financial a55ets are offset, with the net amounts presented in the accounts where there 15 legally enforceable right to set off
the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability
simultaneously.
Baslc Flnanclal Assets
B35ic financial assets which include trade and other receivables and cash and bank balances. are initially measured at
transaction pri￿ including transattion costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financial transaction, where the transattion is measured at the present value of
the future receipts discounted at a market rate of interest.
Basic Flnanclal Llabilities
Basic financial liabilites, Including trade and other payables, are initially reco8nised at transattion price unless the
arrangement constitutes a financial transattion, where the debt instrument is measured at the present value of future
receipts, discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cosL using the
effective interest method.
Page 9

Worcester Operatic And Drdmatlc Soclety
Notss to the Financial StateM￿ts- contlnued
for the Year Ended 31st December 2023
DONATIONSAND LEGACIES
2023
Total
Funds
2022
Total
Funds
Unrestricted Restricted
Funds
Fun¢ts
Donations
GIft￿d
Grants
Membership Subscriptions
2,188
1,244
510
1,264
2,667
7,720
2,799
7,247
7,247
10,679
2,799
GRANTS RECEIVED
2023
2022
Other grants
Worcester City Council - Covid19 Business Support Grant
2,799
2,667
OTHER TRADING ACTivrriES
2023
Total
Funds
2022
Total
Funds
Unrestricted Restricted
Funds
Funds
Car Park income
Hire income
Raffle Income
Sale of "History of WODS book
Sale of refreshments
Sale of promotional items
5,828
973
1,828
5,828
973
5,846
904
2,070
583
465
435
299
283
INVESTMENT INCOME
2023
Total
Funds
2022
Total
Funds
Unrestricted Restricted
Funds
Funds
Bank interest
Dividends
267
822
267
28
INCOME FROM CHARITABLE AcrivrriES
2023
2022
ricket Sales
Programme Sales
Programme Advertising
Grant from Worcester Arts Council
Sale of Costumes
Sale of Promotional Garments
Sundry Income
79,178
2,483
2,600
5(XJ
3,223
2,650
961
70
Workshop and cabaret income
430
195
Page 10

Worcester Operatic And Dramatlc Society
Notesto the Financial Statements- continued
for the Year Ended 31st December 2023
CHARftABLE ACtivrriES COSTS
Dirert
Costs Isee
note 7)
Support
Costs {see
note 8)
Totals
Productions
Workshops and Cabaret
96.457
633
24,693
121,150
633
DIREcr cosrs OF CHARtrABLE AcfMtIES
2023
7,237
2022
6,138
8,691
1,350
1,367
19,694
5,316
14,713
8,809
6,624
255
24,294
438
Advertising and promotion
Costumes and make-up
Director and choreographer fees
Entertaining and gratuities
Musician'5 fees and rehearsal materials
Programme costs and photos
Royalties
Scenery and properties
Sound and lighting
Sundries
Venue hire
Workshop and cabaret
475
1,768
20,242
5,486
14,952
8,405
7,040
125
25,147
633
SUPPORT COSTS
Governance
Costs
Management
Other
Totals
23,553
1,140
24,693
All support costs have been allocated agatnst production activities due to the minimal value attributable to
workshop and cabaret activities.
Unrestricted Restricted
Fund5
Funds
2023
Total Funds
2022
Cleanin& laundry and wardrobe
Depreciation of tangible and heritage assets
Donations
History of WODS production costs
Independent Examination
Insurance
Light, heat and water
Membership expenses
Postage and Stationery
Repairs to charity property
Subscriptions
Sundries
Telephone
1,709
701
1,540
1,709
701
1,540
1,254
701
1,909
14
7CQ
3,739
2,741
752
2,151
7,056
97
210
778
1,140
3,633
3,431
1,020
1,452
4,417
255
1,140
3,633
3,431
1,068
1,452
9.228
255
4,811
536
536
Page 11

Worcester Operallc And Dramatic Society
Notestothe FinantialStatements- continued
for the Year Ended 3tst December 2023
TRUSTEES, REMUNERATION AND BENEFITS
During the year ended 31 December 2Q23 two trustees received honoraria totalling £375 in their capacities as produrtion director
of one show each.12022.' £1901
TRUSTEES, FAPENSES
During the year ended 31 December 2023 two trustees were reimbursed a total of £163 for stationery costs
These are as permitted by the Charity's Governing Document
STAFF COSTS
12022 .' £1191.
io.
Therewere no staff costsforthe yearended 31stDecember 2023 northe year ended 31st December2022.
ii.
COMPARATIVES FOR THE sfATEMENT OF FINANaAL AcllviTIE5
Un￿StrICted Restricted
Funds
Funds
Total
Funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
12,161
12,161
Charitable activities
Productions
Workshops and Cabaret
85,722
195
85,722
195
Othertrading activities
Investment income
Other income
10,303
412
162
10,303
412
162
Total
EXPENDITURE ON
Raising funds
206
206
Charitable activities
Productions
Workshops and Cabaret
119,353
438
119,353
438
Total
Net galns on investments
-3,652-------------------- 3,652
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
126,359
7,048 133,407
TOTAL FUNDS CARRIED FORWARD
Page 12

Worcester Operatic Ar￿ Dramatic Society
Notesto the Financial Statements- continued
for the Year Ended 31st December 2023
TANGIBLE FIXED ASSETS
Improvements Fixtures
to
and
Property
Fittings
Freehold
Property
Totsls
COST
At 1st January 2023 and 31st December 2023
35,015
67.096
9,820
111,931
DEPREaATION
At 1st January 2023
Charge for Year
10,516
701
67.096
9,820
87,432
701
At 31st December 2023
11,
88,13
NEf BOOK VALUE
At 31st December 2023
23,798
23,798
At 31st December 2022
24,499
24,499
13.
FIXED ASSEf INVESTMENTS
Investments
MARKETVALUE
At 1st January 2023
Additions
Disposals
Revaluations
31,544
27,735
-26,248
1,355
At 31st December 2023
NET BOOK VALUE
At 31st December 2023
At 31st December 2022
Page 13

Wortester Operatic And Dramatic Society
Notesto the Flnancial Statements-continued
for the Year Ended 3tst December 2023
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Unrestricted Restricted
Funds
Funds
2023
2022
Otherdebtors
Prepayments and accrued income
1,050
13,821
1,050
15,261
1,800
11,990
14,
15.
CREDITORS:AMouMfs FALUNG DUE WITHIN ONE YEAR
2023
2022
Othercreditors
Deferred income
Accrued expenses
255
2,079
3,426
2,171
2,3TI
Deferred income included within the above relates to income received in advance for car park rent.
16.
MOVEMENT IN FUNDS
Net
In funds
Transfers
funds
At 1.1.23
31.12.23
Unrestricted funds
General Fund
WODS Youth Section
Armstrongyouth Fund
94,609
15,216
1,840
2,160
3,606
12,OCK)
12,0
104,449
6,822
1,800
Restrlcted funds
Instrument Fund
WODYS Benefit Fund
Upkeep of Building Fund
2,000
48
5,000
12
4,988
TOTAL FUNDS
Net movement in funds, included in the above are as follows.,
Incoming
resources
Resources
Expended
Gain5 and
losses
Movement
in funds
Unrestricted funds
General Fund
WODS Youth Section
Armstrongyouth Fund
82,161
35,052
85,676
31,446
40
117,162
1,355
2,160
3.606
117,213
1,355
1,406
Restricted funds
Instrument Fund
WODYS Benefit Fund
Upkeep of Building Fund
1,199
3,199
2,OCM)
48
12
1,612
TOTALFUNDS
120,012
122,021
1,355
654
Page 14

Worcester Operatic And Drdmatic Society
Notesto the Financial Ststements- continued
for the Year Ended 3tst De￿mber 2023
16.
MOvEME￿IN FUNDS-continued
Comparatives for movement in funds
Net
Transfers
movement between
in funds
funds
At
1.1.22
At
31.12.22
Unrestrirted funds
General Fund
WODS Youth Section
Building Repairs
Armstrong Youth Fund
111,992
10,243
2,124
2,000
-17,383
4,973
-2,124
-160
94,609
15,216
Restrlrted funds
Instrument Fund
WODYS Benefit Fund
Upkeep of Buildin8 Fund
2,lJJO
48
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resource5
Expended
losses
in funds
Unrestrfrted funds
General Fund
WODS YoLSth Section
Building Repairs
Armstrong Youth Fund
64,925
44,030
-78,656
-39,057
-2,124
-160
-3,652
-17,383
4,973
-2,124
-160
TOTAL FUNDS
108,955 -119,997
-3,652
-14,694
17.
RELATED PARTY DISCLOSURES
None during the year ended 31 December 2023.
PURPOSE OF FUNDS
UNREsfRICTED FUNDS
General Fund
The unrestricted 8eneral fund can be used for any charitable purpose within the charity's objects and approved by the
Trustees. It is largely held to provide for the future development of the Charity.
WODS Youth Section Fund
This fund is held to provide forthe futuredevelopment of the Youth Section of the Charity.
Armstrong Youth Fund
This fund is held to support the education. training. and development of theatre ski115 for society members who are under
the age of 18.
Building Repair Fund
This fund is held to cover significant repairs to the building contracted in 2021 and which was fully expended during 2022.
Page 15

Worcester Operalic And Drnmatic S¢xiety
Notesto the Financial Statements- continued
for the Year Ended 31st December 2023
PURPOSE OF FUNDS-continued
RESTRICTED FUNDS
Instrument Fund
This fund comprises grants and donations received by the Society specifically for the purpose of replacing the
rehearsal instruments when the time arises in future. and was fully expended during 2023.
WODYS Benefit Fund
This fund comprises the remaining unspent balance received by the Society from the Will of the late Mr Ray
Portman which specified that it should be used for the benefit of WODY'S members generally. This fund was
fully expended during 2023.
UpkeepofBuildin8 Fund
This fund is restricted to cover costs of si8nificant repairs to the building.
History ofWODS Book Fund
This fund comprises a donation from the Ken Dodd Foundation given specifically towards the production costs
of a book about the history of the Society written by a former President, Mr B C Wyatt.
Page 16