COMPANY IYUMBER: 04562523 CHARITY NUMBER: 1097743 BRIGHTON AND HOVE OPERATIC SOCIETY ILIMITED BY GUARANTEE) UNAUDITED FINANcL sfATEMENTS FOR THE YEAR ENDED 30TH JUNE 2022
BRIGHTON AND HOVE OPERATIC SOCIETY (LIMITED BY GUARAIYTEE) FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 21122 INDEX TO FINANCIAL sTATEMErs Leg and Adminigtrztion Inforniatio Tnstees. Re Ststemem of FinaucTaI Activities Balance Sheet 7- 11 Not¢s to the Financial Ststctnents 12 Ind¢p¢ndent Examiner's Rewrt
BRIGHTON AND HOVE OPERATIC SOCIETY {LtMITED BY GUARANTEE) LEGAL AND ADfvflNST114TIVE INFORMATION Directors 8nd TrusleÉ8 The direclors of the Charitable Comtmny are its trustecs for the purtKw of Charity Law. Throughout this rert they collectively referred to as trustce5. The society is govern¢d bv the exttutivecommittee. The trustees during the year under r¢view aJxltr}ts(*oftscfi s1#a)tWe[e. Paul Fish Andrew Stoner Clare Davis Registered offi¢e 6 Downsman Court Hangi&oll Wav Hove Company Number: 0456252) 1097743 Bankers HSBC l Kings Parade Diichling Road BRIGHTON E&5t Sussex BNI 6JT ndependeDt examiner GrahaTn Shorter FMAAT 109 Ladies Mile Road Patcham Brighton East Su55ex BNI 8TB Page: I
BIUGHTON AND HOVE OPERATIC SOCIETY (LIMITED BY GUARAf4TEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUNE 2022 The trustees, who are also d]rtOrs of the charitable company for the purrK)ses of the Companies Act 2006, present their rewrt and the financia] 5Wements for the charttable compan> for the year ¢nded JO June 2022. The financial ststements comply with currcnt stslutory requtrEments. the Memornjdum and Articles of Agsociation and "Accounting and Rewrting by Charities: Ststement of Recomm¢nded Practice applicableto charities prepartng their accounts in accordance with the Fina1] Rerrf)rting Stsndard applicable in the UK and Rcpublic of Ireland (FRS 102) (effective I st Janvao. 2019)" Obje¢tives The ObJts ofthe Society areto eduratethe public in the dramatic and 013t]C arts" to fijrther ihe development of public appre¢iation and tsste in the said arts" to assist and further such charitable institutions and charitable purposes as the committee shall from time to timedetemine. Public Benefit The trustees confirm they have rrferred kn thc duties sel out in Seciion 17{5) of the Charities Act 2011 on public irnefit when reviewing ihe charty's aims and objectives. The charity'5 aims aEt intended lo benefit the public genernlly and people in rKTrverty are not excluded from the optK)rtunity to ben¢fit. ACHIEVEMENTS AND PERFORMANCE The financial period for 202112022 finally saw BHOS returning to business as planned. As mentioT]ed in the previous accounts we staged a production of 'Bouncer5' at the Barn Theatre in Southwick in Novemter 2021 which turned a sma]I profi¢ followed by a long awaited Urn to Brighton's Theatre Royal in June 2022 with 'Calendar Girls- The Musical.. The show was a roaring sucttss in more ways than one wilh a significant sum of tnoney being raised for Martlets Hospice during il's run. So/ of the show's pmfits will also be donated to Martlets. The Show choir returned to rehearsing in person #nd Oting their 51K)wcase5 to endS and family. As always rhe perfom]Ances have iKen of a high Stsndard and rettived vy well by the audi¢nces. DoRations on the door aiso a]lowed BHOS to raise additional funds for The Martlets as well as th¢ British Red Cross Ukraine Crisis Appea]. CurreTrt production plans for 202212023 are unwnfimied at the time of writing this but hopefully we will hay¢ some news of any uoming shows s(K*n. The show choir will continue it's great work with a regular turnout of approximat¢ly 50 choir ffternr5 and wli l eTKleavour to rdise Inore funds for worthwhile caus¢s. Page: 2
BRIGHTON AND HOVE OPERATIC SOCIETY {LIMITED BY GUARANTEE) REPORT OFTHETRUSTEES FOR THE YEAR ENDED 30TH JUNE 2022 FINANCiAL REVIEW Financial Review Total incoming resources for the year amounted to £55,017 {2021: £4.320). Total rcsourc¢5 ¢xpended amounted to £48,065 {2021: £7228). The result for the year amounted to a surplus £6,952 (2021.. deficit £2,908). The Trust¢ts are of the view that the Trust is a goingrJ)nr£rn. Reserve5 Policy The trLLStees intend to keep fund8 in liquid reserves to fund firture produ¢tions. Raising The Society derives the majoriry of its fvnds b). way of MemErs' sub5cript&ons. Patrons- subscripiions and by the provision of theatrhcal ttrformances. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing IDStrument Brighton and Hove Owdtic Sle1V is a company lifftited bv guarantee (company numt¢r: 456252J) and is registered as a charity (charity nUInir. 10977431. The company was incorEx>rdted on 15th {knor 2002alld obtained charitable stat8 on 29 May 2(KJJ. On 1st July 200) the net Lssets of the Brighton and Hove 0[[3tiC Siiety (charity number: 268307) were transferred into the comtxny. The company is governed by its Memorandum and Articles of Association dated 15th Octob¢r 2002 Mhich incorp)rales the rules of the origina] ]ety. which were last amended in October 1996. The members have guaranteed to Contribu a maximum of£1 each ID the event of the company being wound up. Organisation The Charity is administered by an executive committe¢ and by two trustees. who are also on the executive cornrnittee. There 15 no sd period of tenure of office. New Board members pmvided with a pack of information containing derails of the constitution of ihe Company. budg¢ts, reccnt financial statements, minutes of ttcent Board meetings and patKts dealing with key curretrt issues, which can then be discussed in detail with other Board rnebers. Irisk ManagerneDt The trustees review the tnajor risks to which the complny is extM)sed OD a regular basis and systems are mplemented wherever possible to mallage those risk&
BIUGHTON AND HOVE OPERATIC SOCIETY ILIMITED BY CUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH JUIYE 2022 TRUSTEES, RESPONSIBILITIES The trustees (who ore also the direcloTS of Brighion and Hove Operatic Society for the purposes of comlyany law) are reswnsible for pretmrtng the Rew)rt of the Tntstees and the financial slaletnents in accordance with applicable law and Uniied Kingdom Accounting Standards (Unitrd Kingdom Generally Accepted Accovnting Prdctic£). Cgmpany law wuises the Inee5 to weFwr fmaDcial Statem foreach fiJkwia] year which give a true and fair view of the state of atTaiYs of the charitable compon> and of the incoming resources and application of resourc, including the income and exwditure. of the charitable company for ihat Effi1. In preparing those financial statetnent%, the truslees are r¢quired select suitable aounting lIcI£S and then apply them consistently; observe the methods and principles in Chartty SORP. make judgements and estimates that are reasonabl¢ and prudenL prepare the financial statements on the going conccrn bgsis unless it is inappropriate to rffesume that the charitable company wÈll ¢ontinue in busine55. The trnstees are res]x)nsible for keeping prOr a0ting Tecords which disclose with reasonable accuracy at any time the financial Erf)Sition of the chatable company and to enable them to ensure thai the financial Statements COTnply with the Companies Act 2006. They are ttlso responsible for safeguarding the assets of the charitsble company and hence for tskiTJg reasonable 5pS for the prevention and detectioD of fraud and otber irregularities. This rep)rt h&$ been preFAred in aOrdaN with the provisions of Part IS of the Companies A¢t 2(K16 relating to small comtonies. ]clJ Approved by order of the lth 0fTrust$ ............... ........ and sign¢xl on their half bv: Registered oifice 6 Downsman Court Hangleton Way Hove Piul Fish Trnsiee BN3 8ES
BIUGHTON AND HOVE OPERATIC SOCIETY (LllbUTED BY GUARANTEE) STATEMENT OF FINANCIAL AcfivITIES ONCORPORATING AN INCOME AND EXPENDITURE ACCOUIYT) FOR THE YEAR ENDED JOTH JUNE 2022 Note Unrestricted Restricted FuDds Funds Total 2022 Total 2021 INCOME FROM Charitable activities - ReCtptS from productions Subscriptions - Other reccipts Fund raising Donations Interest re¢eived 51J32 1379 30 1204 1,171 51J32 1279 30 1204 1.171 2,479 455 1,386 Totsl EXPENDITURE ON Fundraising Charitable activities 492 492 701 47 7.228 Net l¢xpenditureVincome for th¢ycar 952 6.952 (2.908) Fund balanc¢s at 1st July 2021 Fund balances at Joth June 2022 The detailed 2021 comimralive staternent of financia] activities is reported in note2. The noles form part of these financial stat¢ments Pag¢: 5
BIUGHTON AND HOVE OPERATIC SOCIETY (LIMITED BY GUARANTEE) BALANCE SHEET AS AT30TH JUNE 2022 COMPANY NUMBER: 04562523 ote 2022 2Q21 FIXED ASSEIS Tangible fixed assets 2J94 CURRENT ASSETS Debtors Cash at bank 34.191 6,514 S724 32,686 CREDITORS: Amounts falling due v/ithin one yr io NET CURRENT ASSETS 32.686 TOTAL ASSETS LESSCURREliT LIABILITIES FUNDS Unrestricted Re5trict¢d 12 34.845 27,893 The charitable company is entided to ex¢EllPtion from audit vnder Section 477 of the Companies Act 2006 for th¢ y¢ar cnded 30th June 2022. I'he rnem have not required th¢ charitsble company to obtain an audit of its financial statements for the year ended 31hh Jun¢ 2022 in aCCordaCe with Section 476 of the Companie5 Act 2(M)6. The truslees acknowledge therr respon5ibaliti¢s for: (a) ensuring that the charitable company keep5 accounting records which ¢omply with Section 386 ond i87 of the Companies Aci 26 and preparing finanrial sements which give a true and fair vi¢w of the state of affairs of the charitable company as at thc end of fdcb fina12] year and of its surplus or deficii for vdch financial year in accordanc¢ wwth the requirements of Section i96 and h]ch otherwise comply with the Comwics Act 20 relating to financial staterneT]t% so far a5 applicable to the charirable comtAny. (b) These financial Si*ements have IKen Preed in accordance wÈih the sptti&l provisions of Part 15 of the Companies Act 2006. 2 [vif=. The financial statements were approved by the B00rd of Trustees on . on ils behalf by= . and w¢r¢ signed Pa] Fish- Tn]stee The notes forn) part of these financial statements
BltrGHTOI¥ AND HOVE OPERATIC S(rtETY (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL sfATEMENIS FOR THE YEAR ENDED30TH JUNE 2022 ACCOUNTING POLICIES Basis of Accounting Thc financial 5tatcments have IKen prepared in CordanCe with Accounting and Reporting by Charitics: StateTnent of Recommended Practice applicable to charities preparing their accounts in accordance with the Statefflent of Recommended Practice: Accounting and Reporting by Charities (FRS 102, effethive l January 2019}, hereafter referred to as the C1111e5 SORP (FRS I(L?k the Finanoia] Reporting St3lldard appliubk in th¢ UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Brighton and Hove Oper&ic kniety meets the defiT]ition of a public efit entity under FRS 102. Assets and liabilities are iniiially recognised at histori(zl cost or trdnsaction value unless otherwise ststed in the relevant &ccounting lIcY note. In the application of ihe charity's accounting lIcIes. the TteeS are required to make judgements, estimates and assutnptions aknut the carryin£ amount of assets and liabilities that are not readilv appareni from other sources. The estunates and aSLated assumptio1 are b&sed on historii*l exwience and otheT factOTS that are ¢onsider¢d to b¢ relevant. Actual results may differ from these estimates. The Truste consider that there are no terIal uncertainties alx)ut the charity's ability to ¢ontinue as a going cor]cern. lrtcome All incotnc is rccognts¢d in thc Statement of Financia] Activities once the charity has ¢nli1l¢¢Trt to th¢ fund& it is probable thai the Incon will k received and the amount can be measured reliably. Fnnds Restricted fimds are to k used for the SlfIC purtx)se laid down by the donor. Unrestricted funds are genera] fimds which aTe available for use at the discretion of Éhe trusiees in furtherance of the general objeclives of the charity aTKi which have not bee desiatrd for otherpurp)ses. Page: 7
BRICHTON AND HOVE OPERATIC SOCIETY (LIMITED BY GUAIL4NTEE) NOTES TO THE FINANCIAL STATEMEhTS FOR THE YEAR ENDED 30TH JUNE 2022 Exptndititre Expenditure is included in the Statemem of FiT]an¢ial Activiti on an accruals basis. Certain expenditure is directly attrtbutsble to sKttific acrivitios and has been included in those cost categories. The main category of expenditure is: Charttsble activitits which are the costs of putting on perforTnanceg. Charitabl¢ activities also includes governance costs which are those incurr¢d in th¢ gov¢rnanc¢ of the charity. its assets and are primarily &8sociaied with constitutional and statutory reouiretnents. Fixed assets Fixed assets are used by the society in fulfilling its main cbaritable obje¢ts and are capitalis¢d and aeprecfftea. Depreciarion is Frovided on all fixed Lssets at rates tslculated io writ¢ off th¢ cost of cach assct over its estimated use1 life as follows: Fixtures. fittings and fumiture_ IOQA reducingbalanee COMPARATIVE STATEMENT OF FINANCIAL ACTIVITES UnTe5tricted Fullds Reslricted Fttds Total 2021 INCOME FROM Charitable activiti¢s - ReCeIS from producttons Subscriptions - Other e1[As Fund rdising Interest re£eived 2.479 455 2,479 455 lJ86 lJ86 Total Income EXPENDITURE ON Fundraising Charirable artivities 701 70T Total Exp¢Ilture N¢t 1¢x[ditre)rln¢om¢ for the ycar (2908) (2.908) Fund Iralan5 at 1st Juty 2020 Fund balan(xs 30th June 2021 Pog¢ S
BRIGHTON AND HOVE OPERATIC SOCIETY (LIMITED BY GUARANTEE) N(yfES TO THE FINANCIAL sfATF.MF.pirs FOR THE YEAR ENDED 30TH JUNE 2022 RECEivfs FROM PRODUCTIONS UreStriCted Restricted Total Totsl FuDds Funds 2022 2021 TickeL workshop and prOgramn sales OTHER RECEIV15 Unrfstrithd Restricted Total Funds FuDds 2022 To 2021 Hire of assets 30 CHARITABLE AcfiviTILS UDrfstri¢t¢d Funds Re5trieted Total FuDds 2022 Totsl 2021 Productions costs IT. wstsg¢ and Si*ionery Insurance Depreciati(hn of fixed a55&% Rent Donation Miscellaneous ¢X)Se$ 42J49 1549 42J49 1549 780 360 1.750 1.418 360 1,560 1,000 136 TAXATION The charity is considered to pa8S the tests sel oul Pardgrdph I Schedule 6 Fin41nce Act 2010 and theTefore it meets the definition of a charity. for UK corporatiOTJ l&x purw>5es. Accordingly, th¢ charity is w>tentially exempt from tsxation rn respe£t of income or capits] gains received within categories covered by Chapter i Part I I Corporation Act 2010 or StIOn 256 of the Taxation of Chargeable Gain5 Act 1992 to the extent that Such income or gaitLS are applied exclusively charitsblc purposes. STAFF COSTS. TRUSTEES AND EXECUTIVE COMMITFEE REMUNERATION The charity had no efflployees during the year None of the Trustc¢s or Executive Committe¢ re£eived any remuneration or expenses during th¢ year. Page: 9
BIUGHTON AND HOVE OPERATIC SOCIETY (LIMITED BY GUARANTEE) NOTES TO THF. FINANCIAL sfATEMEPtts FOR THE YEAR ENDED 30TH JUNE 2022 TANCIBLE FIXED ASSETS Fixtsres. Fitti and FurnÉtllTe Cost I" July 2021 Additions 3.594 30th June 2022 Depreciation I, July 2021 Charge for the year 360 30th June 2022 Net Book Value 3%0th June 2022 3 Jwr 2021 DEroRs 2022 2021 Payments in advance Show Deor5 6,614 io. CREDITORS 202t 2021 Show Exr*nses RESTRICTED fuf4DS BxlaDce at 1st July 2021 Balanc¢ 4t 31hh June 2022 Expenditure Ramsey-Paling rtd Bob Saini Production Fund l.(A)8 1,608 io Pagelo
BIUGHTOIY AND HOVE OPERATIC SOCIETY (LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED30TH JUP4E 2022 The Ramsey-Paling rcpresents mollies donated to the Society by the faTnilies in memorv of Mr. Ramsey and Mr. Paling which are held as an tnvestmenl. Any incoTn¢ d¢rÈved from the investment is to used only for the PUTP)se of training curr¢T]t meTnl*ts, both individual and groups. of the lety. Robert (Bob) Saint became a member of Brighton & Hove Operntic Society the age of18 an over the ¥¢ars was Artor. Director. Chairnian and Presidenl. He and hig wife. Pam. were a huge part of ttie Society and werc greatl). re5EKded by the membership. Trdgically, hs5 life was tsken by another in September 2002 and the S(Kiety' lost a true and faithful supporter. The then committee aqked Howard AbtK>t to arrange a tribute to his memory and he held a year of ndrlsing which now form5 The Bob Saint Pr(MJuclion Fund. The interest arising on the fund is to be used by the committee to put towards the cost of a production as ihev see fit. How¢ver, the funds raised are restricted 50 that th¢ fi]nd And his memory remain intacL 12. UNRESTRICTED FUNDS Balace at 30th Jllne 2022 1st Julv 2021 Expenditsre 27 065 13. AI¥ALYSIS OF NET A&SETS BETWEEN FUNDS Tangible fiied atsets Net current assets Total Restrict¢d fund5 Ramsey-Paling Fund Bob Saint Productlon Fund Unrestrirted General fund 1,608 5,939 5.939 14. LEGAL STATUS OF THE CHARITY The Charity is a company limiied by guarante¢ aTKI has no share capital. The liability of each memEer in ihc event of winding-up is limiied to £1. The Charity is registered as a company in England alld Wales and the registered number and registered office tran be found on th¢ Legal 2nd Adjninistralive inforynation pge. Page;1 I
BRIGHTON AND HOVE OPERATIC SOCIETY (LIMITED BY GUA114NTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2022 Independent exAmtner'$ report to tthe trustees of Brighton alld Hove Operatic Society ('the Company.) I rert to the charity tSteeS on my examinatton ofthe accounts ofthe Comwy for the yur ended Joth June 2022. Responsibilities and basis of it]M)rt As the charity's trnstees of th¢ Company (and also its directors for the PUTposes of company law) you arc resFonsible for the pre{ of the attounts in accordallce with the requirements of (he ComleS Act 21MJ6 ('the 2(K)6 Act,). Having satisfied myself that the accounts of ihe Company are not required to be audited un(kr Part 16 of the 2006 Act and are eligible for indettndeni exarnination. I report in respect of my examinalion of your charity's Ounts as carried out under section 145 of the Charities Act 2011 I'ihe 2011 Act')- In caing oui my examination I have followal the Directions given by the Chartty Commission under section 145(i) (b) of lh¢ 2011 Act. Independent examiller's $t3temenl I have compl¢t¢d my examination. I confirm that no matters have come to attention in comiection with the ex#1n&t]0n gtvtng me cause io lIeVe. accounting records were not kept in resp1 of th¢ Cofflpany as required by section 386 of the 2(K16 Act. or the xcounLS do not 0rd with those records. or the accounts do noi cotnply with the accounting wu1ments of Section 396 of the 2006 Act other than any require¥ncnt that the accoLmiS gtve a true and fair view which is llot a tnattcr considered as tmrt of an independent examination- or the accounts have not prepared in accordance the methixls and principles of the Staiement of Re£omm¢nded Practice lor ac¢ounting and reFK)rting by chaTities lapplicable to charities preparing their accounts in accordance with the Finanriai Rcw>rting Srandard applicable in the UK and Republic of Jreland (FRS 102)J. I have no concerns And have come no other matt¢r5 in connection wlth the examinalion to whieh attention should be drnwn IT] this rert in order to enible a proper understanding of the acco nts to be reached Graham Shontt FMAAT 109 Ladies Mil¢ Road Patcham Brighton East Suss¢x BNI 8TB Pag4lL