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 ap￿inted tr￿tee5. 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¢ s￿Iety. 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 edu￿1¢ the public ID the dramatic and operatic arts, and to fi￿ber 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 t￿rfOrn1lllg 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 red￿ed 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 t￿slee$ 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_| Page 2 ## **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| ||| Page 3