)- richardson swift REGISTERED CHARITY NUMBER: 1157981 Report ofthe Trustees and Unaudlted Flnanclal Statements for the Year Endgd 31 Dg¢embgr 2023 for BATH LIGHT OPERATIC GROUP Richardson Swift Audit Limited 11 Laura Place Bath BA2 4BL
BATH LIGHT OPERATIC GROUP Contents of the Flnancial Statements for the year ended 31 December 2023 Pago Report ofthe Trustses Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Flnancial Statements Detailed Statement of Financial Activities
BATH LIGHTOPERATIC GROUP Report of the Trustees for the year ended 31 December 2023 The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The Iruslees have adopted the prowsions of Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance wrth the Financkgl Reporting Standard appIable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims The object ofthe Group is. To advance the education of the public in the Arts of Music, Drama and Dan. Slgnlflcant activities This has been an extraordinary year for BLOG. Some exiraordinary productions, achieving fantastic member and public engagement which in turn has achieved some extraordinary financial results resuking in an extremely healthy bank balance for BLOG. It has also been an extraordinarily challenging year for the Trustees and Committee. responding to the actions of a single member that effecliveSy sabotaged the electronic operation of the Group and absorbed 100s of hours of Trustee and Committee lime resolving that silualion. This included making a proposal to lemiinale a membership in accordance with our wnslilulv)n. The member elected lo resign and declined any further options and we now consider the maller closed. For a group of volunteers, our operation and OUT Peop have been severely lesled. This was high regrettable bul we look forward lo a brighter way forward. In pursuit of that, the Trustees have been busy drafting a sel of policEs this year lo assure the Safe and effective operation of the group. These will be shared wrth membership and published on the scM)n to be launched new website. The Trustees also reviewed the fundamental gtsvernan arrangements of the Group and proposed a revised model lo the membership lo achieve a more effective, clear, solution. The group did not feel positive about the solution so this will requlre some further consideration and engagement this coming year. Princlpal rlsks faclng tho Charity Trustees are cons¢ious that a huge amount of work falls on a relatively small number of volunteers shoulders and that this remains a potential risk lo the continuation of the society alongside the annual retirement of the Management Committee. FINANCIAL REVIEW Financial position The Group has a¢hi8ved a fantastic sel of figures this year. primarily because the main show, that normally allracts losses, actually broke even, so all the other profitable activities simply contributed lo improved profrtabilily. Again. a very healthy tax rebate was also achieved which also contributed lo this position. Reserves policy Reserves are needed to bridge the gap beiween the spending and receiwng of resources and lo cover unplanned emergency expenses. The Trustees consider that the hleal level of reserves lo be £60k. This is based on TRB show loss of £30k and this level would protect us for 2 poor shows. Going concern The Trustees have rewewed the posilk?n and confim the charity is and is fully expected lo continue as a going contsrn Summary BLOG has delivered an oulslanding year of activities and financial results. It also managed a rnajor shock lo ils systems and culture. The Trustees congratulate the Management Committee in achieving this and continuing lo enable BLOG to be su¢cessftJl in achiewng ils slated objective. STRUCTURE. GOVERNANCE AND MANAGEMENT Governlny document The charity is wnlrolled by ils governing document, a deed of trust and conslilutes an CIO. Page 1
BATH LIGHT OPERATIC GROUP Report of the Trustees for the year ended 31 December 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure Bath Light Operatic Gr¢)up {BLOGI 18 Structured al three levels.. Trustees, Management Committee and Group Membership. As articulated in the Group's conslilulion, the Trustees are accountable for ensuring the Group delivers ils slated purpose. The day lo day operation of the Group is delegated to a Management Committee that operates in accordance with a membership agreed C(Kio of Practice. The Group is primarily focused in the delivery of Ihealrical productions and so some key activities are further delegated to teams f(xused on aspects of these productions. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1157981 Principal address 68 Kelslon Road Bath BA1 3QN Trustees R D Canning Ms N Maynaid (resigned 28.2.23} R J McDonald Iresigned 28.2,231 H Feierabend lappoinled 28.2.231 Mrs L Matson {appoinled 28.2.231 Independent Examiner Catherine Edwards Richardson Swift Audit Limited 11 Laura Pla Bath 8A2 4BL Approved by order ofthe board of Iruslees 8A10612024 and signed on ts behalf by.. R D Canning- Trustee Page 2
Independent Examiner's Report to the Trustees of Bath Light Operatlc Group Independent examlnerfs report to the trustees of Bath Light Operatic Group I report lo the charity trustees on my examination of the accounts of Bath Light Operatic Group Ilhe Trust) for the year ended 310ecember 2023. Responsibillties and basis of report As the ¢harity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'lhe Acl'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in rrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 14515llbl of the Act. Independent examIneS statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examinalion giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the Trust as required by Section 130 of the Act,. or the 8¢¢ounts do not acwrd with those records.. or the accounts do not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities IAccounls and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair vw which is not a matter considered as part of an independent examination. I have no Concerns and have come across no other matters in connection with the examination lo which allenlion should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Catherine Edwards Richardson Swift Audit Limited 11 Laura Place BA2 4BL Date.. Page 3
BATH LIGHT OPERATIC GROUP Statement of Flnanclal Actlvitles for the year ended 31 December 2023 2023 Unreslricled fund 2022 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 10.479 5,332 Other trading activities Investment income 141,047 159 76,792 Total 151,685 82,133 EXPENDITURE ON Raising funds 124.373 117,562 Other 3.650 1,660 Total 128,023 119,222 NET INCOMEIIEXPENDITUREI 23.662 {37,0891 RECONCILIATION OF FUNDS Total funds brought forward 66.979 104,068 TOTAL FUNDS CARRIED FORWARD 90.641 66,979 The notes form part of these financial slalements Page 4
BATH LIGHT OPERATIC GROUP Balance Sheet 31 December 2023 2023 Unrestricted fund 2022 Total funds Notes CURRENT ASSETS Debtors Cash at bank 4,540 63,789 97,538 97,538 68,329 CREDITORS Amounts falling due within one year 16,8971 {1,3501 NET CURRENT ASSETS 90,641 66,979 TOTAL ASSETS LESS CURRENT LIABILITIES 90,641 66,979 NET AssErs 90.641 66,979 FUNDS Unrestrided funds 90.641 66,979 TOTAL FUNDS 90.641 66.979 The financial statements were approved by the Board of Trustees and auth0ri8ed for issue on 03106024................................... and were signed on its behalf by.. R D Canning- Trustee The notes form part of these financial stalerrenls Page 5
BATH LIGHT OPERATIC GROUP Notes to the Flnanclal Statements for the year ended 31 December 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial slaternenls of the charity, which is a public benerr( entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 1021 A¢¢ounting 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 1021 leffective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Slalemenl of Financial Aclivilyas once the charity has enlillement lo the funds, il is probable that the income will be received and the amount can be measured reliab. Theatre tsx relief is rgnised on receipt as this Is the point al which it meets all of the criteria above. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. il is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings Ihal aggregate all cost related to the category. Where costs cannot be direct allribuled to particular headings they have been allocated to activities on a basis consisleril with the use of resources. Taxation The charity is exempl from lax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the dlscretlon of the Iruslees. Restricted funds can onty be used for particular restricted purposes within the objects of the chaiity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. FLJrther explanation of the nature and purpose of each lund is included in the notes lo the financial slalemenls. OTHER TRADING ACTIVITIES 2023 2022 Fundraising events 9 to 5 & Scrooge income Mack & mabel income Evila in¢ome Sundry income Oliver Income SFTS 2023 Income Theatre tax relief 7.174 5,814 4,858 41,855 24,085 180 3,363 98,077 11,571 20,862 141,047 76,792 Page 6 continued...
BATH LIGHT OPERATIC GROUP Notes to the Flnancial Statèments - continued for the year ended 31 December 2023 INVESTMENT INCOME 2023 2022 Interest receDRble 159 TRUSTEES, REMUNERATION AND BENEFITS There were no tsuslees, remuneralK)n or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Tru$tee$' expenses There were no trustees. expenses pa for the year ended 31 December 2023 nor for the year ended 31 December 2022. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 VAT Prepayments 3.565 975 4,540 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Taxalion and social security Other creditors 5,547 1,350 1.3YJ 6,897 1,350 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2023. Page 7
BATH LIGHT OPERATIC GROUP Detailed Statement of Flnanclal Acllvllles for the year ended 31 December 2023 2023 2022 INCOME AND ENDOWMENTS Donations and legacles Patrons donations Gift aid Member8 subscriptions and donations 379 1,295 343 940 4,049 10,479 5,332 Othèr trading activities Fundraising events 9 10 5 & Scrooge income Mack & mabel income Evila income Sundry income Oliver Income SFTS 2023 Income Theatre tax relief 7,174 5.814 4.858 41.855 24,085 180 3,363 98,077 11,571 20,862 141,047 76,792 Investment income Interest receivable 159 Total incoming resource5 151,685 82,133 EXPENDITURE Raising donations and l¢ga¢les Rent Insurance Subscriptions Sundries Evila expenses Mack & Mabel expenses 8,023 1,332 452 6,398 6,845 896 318 1.282 30,430 77,791 16,205 117,562 Other trading activities SFTS 2023 Expenditure Oliver Expenditure Fundraising expenses 6,536 97,809 3,823 108,168 Support costs Governance costs Accountancy and tax consultant fees 3,650 1,660 Total resources expended 128,023 119,222 Net Incomellexpenditurel 23,662 (37,0891 This page d(*s not fom part of the slatulory financial slalemenls Page 8