Annual Re ort of the Trustees ros hf. The Trustees resent their annual rt and accounts for the ear ended 3 1st Jul 2022 LOS Musical Theatre is a registered charity. number 1148609. The principal address is: Market Tower. Market StreeL Sussex. BN7 2NB The Charity is governed by its amended conslitution adopted on the Twenty Seventh Day of November 2019. There are currently seven apinted trtee5. In the case of a trustee ceasing to act as such for any Teason, the remaining trustees may appoint another to take their place. New trustees are advised of their responsibilities as trustees on appointTnellt. The trustees report that in accordance with the Constitutio they have endeavourcd to cornply the aims and objects of the Cl]2rity. Following forn]ulated accounting policies. accounts for the year ending 3 1st July 2022 have been carefully prepared and follom. this ststemenL These accounts comply with the recommelldcd Accounting Standards of tbe Charity Commissioners. Reasonable and prndent judgements and estimates are used in the management of LOS Musical Theatre operations to ensure the correct application of fimds and income. The assets of the charity have been carefully managed for the advantsge of th¢ sIety. The trustees have asse&8ed the major risks to which the charity is expose and are satisfied that the systems are in place to mitig&te exposure to the major risks. OBJECtS and AcfivITIES Thc Objects of the Society are lo edu1¢ the public ID the dramatic and operatic arts, and to fiber the dev¢lopment of public appreciation and taste in the said arts. by the rformanCe of musical productions. Also, for the public benefit to promote the education and training of tnembers (or past members) in such ways as the charity trustees see fit, including awarding to such peTSOllS scholarships or grants tenable at any univcrsity, college or institution in relatioo to the trfOrn1lllg arts. REVIEW The attached accounts fully delail the financial position of the Charity. Following the pandemic we have been able to return to putting on any productions again during the rq)orting periol albeit with necessarily reded audience nuEnbers. The result for the year shows a deficit of £3289 and tbe tllL5tees consider the finatLcial position of the Charity &s at 3 1st July 2022 to be satisfactory. Reserves are maintained at a level considered appropriate by the tslee$ in ord¢r for the tharity to meet the requirements of its objects. (trustee) dated: Affiliated to the National Operatic and Dramatic Association Be Ifflspired by ihtol
LOS MUSICAL THEATRE (formerly Lewes Operatic Society) FOR THE YEAR ENDED 31 JULY 2022
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 JULY 2022
LOS MUSICAL THEATRE REGISTERED CHARITY NUMBER 1148609
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 JULY 2022
| RECEIPTS Donations Received Grants Received BursaryIncome Fundraising Events Interest on Deposit Account Membership Subscriptions Inc Gift Aid Production Receipts Hire of Equipment Total Receipts EXPENDITURE Fundraising Expenses Rent, heat & light Repairs and Maintenance Insurance Accountancy Production Costs Printing, Postage and Computer Costs Subscriptions Bursary Awards Asset Depreciation EXCESS OF INCOME OVER EXPENDITURE |
£ 6,696 4,933 1,896 2,056 180 41,020 581 334 - 1,410 |
£ 180 - 381 13,720 15 2,893 36,450 2,178 55,817 59,106 (3,289) |
£ £ 2,858 17,907 2,500 357 20 2,415 809 521 27,387 2,852 5,883 58 1,685 180 1,964 288 113 500 3,712 17,235 10,152 31 July 2021 |
£ £ 2,858 17,907 2,500 357 20 2,415 809 521 27,387 2,852 5,883 58 1,685 180 1,964 288 113 500 3,712 17,235 10,152 31 July 2021 |
|---|---|---|---|---|
| 27,387 17,235 |
||||
| 10,152 |
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SUMMARY
| Opening Balance Add Excess of Income over Expenditure Represented by: Fixed Assets Opening value at cost Additions in the year Less: opening depreciation Less depreciation in the year Closing Bar Stock Cash Funds Cash at Bank Cash in Hand Liabilities and Assets Payments made for future productions Income carried forward for future productions Uncleared payments Uncleared receipts Balance |
28,562 - |
|---|---|
| 28,562 26,420 |
|
| 2,142 1,410 |
|
| 53,273 442 |
|
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