THE BIRMINGHAM AND MIDLAND OPERATIC SOCIETY COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 COMPANY NO= 04919401 REGISTERED CHARITY NO: 1108951
THE BIRMINGHAM AND MIDLAND OPERATIC SOCIETY (A company limited by guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Contents Pages Legal and Administrative Information Report of the Directors and Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-10 Appendix 11
THE BIRMINGHAM AND MIDLAND OPERATIC SOCIETY (A company limited by guarantee) COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 Directors & Trustees" MrPPry Mrs M L Rayrnond Mrs J E Smith Mr C J Fowler Mr J W Donnan Mrs T Mathieu Mrs N M Worthington (Chairman) (Treasurer) (Appointed 12th September 2024) (Appointed 121h September 2024) (Appointed 12th September 2024) Directors resigning prior to the approval of these aGcounts.' Miss S Morris (Resigned 12th September 2024 Ms A H G Pilcher (Resigned 12th September 2024) Mr T Sharksmith (Resigned 12th September 2024) MrRMLove (Appointed 12th September 2024. resigned 13th February 2025) Secretary: Mrs J E Srnith Registered Office.. 88 Hill Village Road Four Oaks Sutton Coldfield West Midlands B75 5BE Charity Number: 1108951 Company Number: 04919401 Bankers: HSBC PIC 67 The Parade Sutton Coldfield West Midlands B72 1PU Independent Exarniner: Thomas Haslehurst FCA Haslehursts 88 Hill Village Road Four Oaks Sutton Coldfield West Midlands B75 5BE
THE BIRMINGHAM AND MIDLAND OPERATIC SOCIETY (A company limited by guarantee) REPORT OF THE DIRECTORS AND TRUSTEES For the Year Ended 31 December 2024 The directors and trustees present their annual report and financial statements for the year ended 31 December 2024. The directors and trustees have adopted the Provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual report and financial statements of the charity. The Charity is a charitable company limited by guarantee, registered in England and Wales and was set up on 2 October 2003 and became a registered charty on 11 April 2005. GOVERNING DOCUMENT The Charity is controlled by its governing document, the Memorandum and Articles of Association and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006. ORGANISATIONAL STRUCTURE The trustees govern via the full board of trustees in accordance with Ihe governing document. RISK REVIEW The trustees have conducted a review of the major risks to which the Charity is exposed and systems have been established to mitigate those risks. Other than as disclosed below, no significant external risks to funding have been identified. Internal risks are minimised by the personal involvement of the trustees in all transactions of the company. These procedures are periodically reviewed to ensure that they still meet the needs of the Charity. OBJECTS AND ACTIVITIES FOR PUBLIC BENEFIT Objectlveg and Alms Our aim is to promote, organise and produce musical shows. and to encourage the multicultural communities of Birmingham and the West Midlands into Ihe Arts, particularly those who are disadvantaged and have limited opportunities to take part in large scale amateur productions or seeing professional productions because of the high price of professional companies, ticket prices. PUBLIC BENEFIT The Trustees confirm that they have paid due regard to the guidance given by the Charity Commission on public benefit and confirm thal the company's purpose is for public benefit. The Bimiingham and Midland Operatic Society was established for the public benefit to promote, organise and produce musical, dramatic and associated works for the purpose of fostering and developing physical and mental recreation in the world of Theatre and the Arts. FINANCIAL REVIEW The net movement of funds of £27,528 (surplus) (2023: £19,278 (deficit)) has been transferred to reserves. The accumulated surplus Caled forward at 31 December 2024 was £3,589 (2023: deficit £23,939).
THE BIRMINGHAM AND MIDLAND OPERATIC SOCIETY (A company limited by guarantee) REPORT OF THE DIRECTORS AND TRUSTEES {continued For the Year Ended 31 December 2024 GOING CONCERN A surplus of £27,528 has been recorded in the financial statements and the charity has net assets of £3,589 at 31 December 2024. The Charity plans to continue to raise funds in the forthcoming year through social events and other fund-raising efforts. Going concern is presumed in preparing the financial statements based on the measures being taken above and the ongoing support of creditors, although there can be no guarantee that such rneasures will be sufficient should creditors demand immediate payment. RESERVES POLICY The directors and trustees would ideally like to rnaintain reserves at a level sufficient to cover the following year's running costs. Any additional surplus made would be used to subsidise the following years, performances, or where a deficit occurs this would reduce the budget available for the following performances. At 31 December 2024 the reserves were £3,589 net funds. STATEMENT OF TRUSTEES RESPONSIBILITIES The trustees (who are also directors of The Birmingham and Midlands Operatic Society for the purposes of company law) are responsible for preparing the Trustees, Report and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi). Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to: select suitable accounting policies and then apply thern consistently; observe the methods and principles in the Charities SORP 2019; rnake judgements and estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE BIRMINGHAM AND MIDLAND OPERATIC SOCIETY (A company limited by guarantee) REPORT OF THE DIRECTORS AND TRUSTEES (continued) For the Year Ended 31 December 2024 STATEMENT OF TRUSTEES RESPONSIBILITIES (continued) In so far as the trustees are aware: there is no relevant information of which the charitable company's independent examiner is unaware: and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information. APPROVAL This report was approved by the Directorsrrrustees on 20 May 2025 and signed on their behalf. MRS M L RAYMOND Director and Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BIRMINGHAM AND MIDLAND OPERATIC SOCIETY (A company limited by guarantee) 31 December 2024 I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2024 which are set out on pages 6 to 10. Responsibilities and basis of report As the charity trustees of the company (and also rts directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examinerfs statement I have completed my examination. I confirm that no 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 company as required by section 386 of the 2006 Act, or the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended practi for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102)]. I have no GOnrnS 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. Thomas Haslehurst FCA Institute of Chartered Accountants in England and Wales 88 Hill Village Road Four Oaks Sutton Coldfield West Midlands B75 5BE Date.. 20th May 2025
THE BIRMINGHAM AND MIDLAND OPERATIC SOCIETY (A cornpany limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES For the Year Ended 31 December 2024 Unrestricted Funds Notes 2024 2023 Incorne and endowments from Donations and legacies Charitable activities Other income 4.468 113,233 311 9,878 81,086 483 TOTAL INCOME AND ENDOWMENTS 118,012 91,447 EXPENDITURE Charitable activities 90,484 110,725 TOTAL EXPENDITURE 90,484 110,725 NET SURPLUSI(DEFICIT) AND NET MOVEMENT IN FUNDS FOR THE YEAR 27.528 (19,278> Reconciliation of Funds Total deficit brought forward {23,939) (4,661) TOTAL SURPLUSI(DEFICIT) CARRIED FORWARD 3,589 (23,939)
THE BIRMINGHAM AND MIDLAND OPERATIC SOCIETY (A company limited by guarantee) BALANCE SHEET As at 31 December 2024 Registered Number 04919401 2024 2023 Note CURRENT ASSETS Cash at bank Debtors 2,698 2,919 5,379 5,617 5,379 CREDITORS: Amounts falling due within one year 2,028 29,318 NET CURRENT ASSETSIILIABILITIES) 3,589 {23,939) TOTAL NET ASSETSI{LIABILITIES) 3,589 (23,939) FUNDS Unrestricted fund 10 3,589 (23,939) TOTAL SURPLUSI(DEFICIT) 3,589 (23,939) For the year ending 31 December 2024, the company was entttled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements were approved by the directors and the trustees on 20 May 2025. L RAYMOND Director and Trustee
THE BIRPJIINGHAM AND MIDLAND OPERATIC SOCIETY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 December 2024 ACCOUNTING POLICIES Summary of significant accounting policies GENERAL INFORMATION AND BASIS OF PREPARATION The Birrningham and Midland Operatic Society is company limited by guarantee registered in England and Wales. In the event of the charity being wound up, the liability in respect of the guarantee is limited to a sum not exceeding £10 per member of the charity. The address ofthe registered office is given in the charity inforrnation on page 1 of these financial statements. The nature of the charity's operations and principal activities are to promote, organise and produ musical shows. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the Uniled Kingdorn and Republic of Ireland (FRS 102) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016), Ihe Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and United Kingdom Generally Accepted Accounting Practice. The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cashflow statement on the grounds that it is applying FRS 102 Section 1A. The financial statements are prepared on a going concem basis on the assumption that the company's credrtors, in particular the company's bankers and trustees continue to support the company. The signfficant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. b. INCOME RECOGNITION Income received for productions is accounted for in the Statement of Financial Activities in the period in which the production is performed. Other income and interest received is brought to the credit of the Statement of Financial Activities when it is received by the Charity. c. EXPENDITURE AND IRRECOVERABLE VAT All expenditure is accounted for on an accrual basis and has been classified under the headings that aggregate all costs related to the category. The Charity is not registered for VAT, therefore irrecoverable VAT is charged against the relevant costs.
THE BIRMINGHAM AND MIDLAND OPERATIC SOCIETY (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS (continued) For the Year Ended 31 December 2024 ACCOUNTING POLICIES {eontinued) d. FUND ACCOUNTING Unless otherwise stated all funds belonging to and generated by the Charity are unrestricted in nature, and can be expended by the trustees, for the furtherance of the objects of the charity, at their discretion. DEBTORS AND CREDITORS RECEIVABLE I PAYABLE WITHIN ONE YEAR Debtors arKI creditors receivable or payable within one year are recorded at transaction price. 2. INCOME FROM DONATIONS AND LEGACIES 2024 2023 Donations 4,468 9,878 3. CHARITABLE ACTIVITIES INCOME 2024 2023 Current year productions sponsorship Current year productions Subscriptions BMOS Ball 10,620 88,718 10,678 3,217 10,000 61,252 7,480 2,354 113,233 81,086 4. CHARITABLE ACTIVITIES COSTS Note 2024 2023 Current year productions Concert costs Insurance NODA subscription Bank charges and InteSt Sundries Governan costs Donations BMOS Ball Travel 83.391 105,008 761 843 252 630 2,038 18 2,281 270 711 209 330 1,966 216 1,630 571 90.484 110,725
THE BIRMINGHAM AND MIDLAND OPERATIC SOCIETY {A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS {continued) For the Year Ended 31 December 2024 5. GOVERNANCE COSTS 2024 2023 Accountancy 2.038 1,966 DEBTORS 2024 2023 Prepayments and Accrued Income 2,919 5,379 7. CREDITORS: Amounts falling due within one year 2024 2023 Bank overdraft Accruals and Deferred Income 2,313 27,005 2,028 2,028 29,318 8. TRUSTEES. REMUNERATION AND EXPENSES The trustees did not receive rernuneration, benefits or expenses during the year (2023: £NIL). 9. TAXATION The company is a registered charity. therefore no provision for laxation is considered necessary. 10. FUND RECONCILIATION At 31.12.23 At 31.12.24 Income Expenditure General fund (23,939) 118,012 (90,484) 3,589 All funds are unrestricted and used in Pursuan of the Charity's objectives. 11. ULTIMATE CONTROLLING PARTY There is no ultimate controlling party. 12. RELATED PARTIES The Charity has no related parties other than its directors and trustees 10
THE BIRMINGHAM AND MIDLAND OPERATIC SOCIETY (A company limited by guarantee) APPENDIX INCOME AND EXPENDITURE ON PRODUCTIONS For the Year Ended 31 December 2024 Note 2024 2023 Receipts Charlie and the Chocolate Factory 9 to 5 the Musical Peter Pan Programme, T shirt and DVD sales Production sponsorship 85,383 28,510 28,818 3,924 10,000 3,335 10,620 Total receipts for cuent year productions 99,338 71,252 Direct Costs Rent of Rehearsal Rooms Costurnes Props and Scenery Lighting and Sound Sundry expenses Production Tearn Orchestra Stage Manager Royalties Printing, postage, artwork, posters and logo designs Computer expenses Programme and DVD costs 3,729 4,554 11,366 11,704 1,301 6,600 7,484 4,422 4,385 18,461 20,838 39 8,000 12.703 700 24,616 5,009 30,762 3,783 116 1,992 5,835 Total costs for current year productions 83,391 105,008 Net surplusl(deficit) 15,947 (33,756) 11