Abbots Langley Gilbert and Sullivan Society Trustees Report and Accounts for the year ended 30th June 2024 Registered Charity Number: 1161215 ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 CONTENTS Charity information Trustees, Report Independent Examlnerf5 Report Statement of Financial Activities Balance Sheet Notes to the accounts 8-15 ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 CHARITY INFORMATION Trustees Lynette A Carr Andrew Currall Ifrom AGM 20231 Alex Horrox-white (from AGM 2023) Philip A Joslin Llsa A Morelli Carolyn Morrissey Ifrom AGM 20231 Claire Stephenson David Sutherland Ifrom AGM 20231 Prlncipal Address 3 Popes Road Abbots Langley Hertfordshire WDS OEY Charlty Re81stratlon Number 1161215 Independent Examlner Claire Lawrence 17 College Street St Albans Herts AL3 4PW PrlncSpal Bankers HSBC Bank plc 73 High Street Watford Hertfordshire WD17 2DS ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 TRUSTEES, REPORT The trustees present their annual report with the financial stotements of the charity for the year ended 30, June 2024. Con5tltution and objects ft>r the public benefit The charity is governed by Its cor15titution, adopted in March 2015. The constitution contains no re5trlctlons. It is administered by a committee, members of which are elerted at the Annual General Meeting each year. Induction trainlng is provided for all new Trustees. The trustees confirm that they have made reference to the guidance of the Charlties Commission general guidance on public benefits when reviewing their aims, objective5 and future activltles of the charitv. The objects of the charlty are to educate the public of Abbots Langley and surrounding areas in, and increase their appreciation of, the operatic and dramatic arts, in particular but not exclusively through.. Supporting the cultural and community life of Abbots Lan8ley and surrounding areas and to provide cultural, recreational and entertainment opportunities for all members of the community,. Producing ond presenting opera5, musicals and plays in which the community ha5 the opportunlty to participate not only as members of the audlence, but also through membership of the charlty as active participants,. Providing other opportunities. including concerts, workshops and open evenings, as well a5 Other related activities for members and, where approprlate, non-members. Review of the Development. Actlvltles and Achlevements of the Charlty, and how the Charlty dellvers public beneflt The surplus for the year amounted to £1,396 as activities returned to normal post-COVID with a major production at the Watford Palace Theatre in February 2024 and a smaller scale production at the Henderson Hub In Abbots Langley. Reserves The accumulated funds as at 30, June 2024 were £37.304 of which £nil related to designated funds. The trustees have determined that an appropriate level of available reserves should be equivalent to at least twelve months fixed costs. Investments The charit￿5 constitution requires its a55ets to be invested In Great Britain, in bank accounts or safe interest- bearing Securities. ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY I report to the trustees on my examination of the accounts of the above charity for the year ended 30, June 2024, which are set out on pa8es I to 14. Responsibllltles and basls of report As the charity's trustees. you are responsible for the preparation of the accounts in accordance wlth the requirements of the Charities Act 20111.the Arfl. I report in respect of my examination of the charivs accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Dirertlons given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examlnerfs statement I have completed my examination. I confirm that no material matters have come to my attentlon in onnection wlth the examination whlch gives me cause to believe that, In any material respect: the accountlng records were not kept in accordance with section 130 of the Charitles Att,. or the accounts did not accord with the accountln8 records; or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than anv requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an Independent examination. I have no concerns and have come across no other matters in connectlon 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. Claire Lawrence 17 College Street St Albans Herts AL3 4PW Date.. 16December 2024 ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 TRUSTEES. REPORT (continued) Major rlsks The trustees have taken steps to identify the major risks to which the charity Is exposed and systems have been established to mitigate those risks. The COVID-19 global pandemic was not a risk that the trustees could have foreseen and mitigated in advance. Future Development The officers do not anticipate and changes to the future development of the ¢haritVs operations. Trustees. Responslbllltles In relation to the Flnan¢ial Statements The trustees are responsible for preparing the Trustees. Report and the finan¢lal statements in accordance wlth applicable low and United Kingdom Accounting Standards. Law applicable to charities in England and Wales require the trustees to prepare flnanclal statements for each financial year which give a true and fair view of the State of affairs of the charity and of the Incoming resources and application of resources of the charity for that perlod. In preparlng these financial statements, the trustees are required to: Select suitable accountln8 policies and then apply them consistently; Make Judgement5 and estimates that are reasonable and prudent,. Observe the methods and principles in the Charities SORP: State whether applicable accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. Prepare the financial statements on the golng concern basls unless It is inappropriate to presLtme the charity will contlnue in operatlon. The trustees are responsible for keeping accounting record5 which disclose with reasonable accuracy at anv time the financial positiors of the charity and enable them to ensure that the financial statements complv with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for takin8 reasonable Steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the trustees L Morelli C Stephen50n Date- 18th September 2024 ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Deslgnated Fund5 Fund5 Total Total Note 2024 2023 Income and Endowments from: Subscriptions Patrons 5.365 260 5.365 260 4,180 650 Grants and donations Interest 185 185 189 609 609 216 Taxation recovered from Gift Aid Other income 921 921 951 308 537 Total Income 7,648 7,648 6,723 Expendlture on: Charitable Ex nditur Deficit on productlons 4,162 4,162 4,799 4,162 4,162 4,799 Man nd Admini Subscriptions and affillation fees Insurance ement tr tion 230 230 190 1,012 399 1,012 399 883 Internet and We￿$Ite hosting Sundry expenses 425 449 449 428 rotol expendlture 6,252 6,252 6,725 Net Incomellexpenditure) Transfer between funds 1.396 1,396 121 Net movement in funds Reconclllation of funds Total funds brought forward 1,396 1,396 121 35,908 35.908 35,910 Total fund5 carried forward io 37,304 37,304 35,908 The notes on pages 8 to 15 fom) part of these accounts ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 BALANCE SHEET 2024 2023 Note Fixed a55ets Current assets Debtors Cash at bank: HSBC Deposit account Cash at bank.. HSBC Current account Cash In hond 1,091 33,294 2,471 35,704 1,456 39,CK)4 36,856 Credltors: amounts falllng due wlthln one year 11,7001 19481 Net current assets 37,304 35,908 Net assets 37,304 35,908 Accumulated funds Unrestricted general funds Deslgnoted funds 37,304 35,908 Total funds 37,304 35,908 Approved by the Board of Trustees and signed on its behalf by . C Stephenson Date: 18" September 2024 The notes on pages 8 to 15 form part of these accounts ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 NOTES TO THE ACCOUNTS Accounting policies The account5 have been prepared in accordance with Accounting 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 (issued in October 20191- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charitie5 Act 2011. Assets and liabilities are initiallv reco8nised at historic cost or transaction value unless othernvise stated in the relevant atcounting poliry note. The financlal statements have been prepared to give a 'true and falr, view and have therefore necessarily departed from the extant Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fairf view. This departure has involved following the Statement of Recommended Practice.. Accounting and Reporting by Charities applicable to charities preparlng their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 rather than the Statement of Recommended Practice: Accounting and Reporting by Charitles effe¢tlve from l April 2005, which has slnce been withdrawn. All expenditure Is accounted for on an accruals basis and has been cla5s1fled under headings that aggregate all costs to that category. Reconclllatlon wlth prevlou5 Generally Accepted Accountlng Practlce In preparing the accounts, the trustees have considered whether in applying the accountin8 policles required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. The trustees concluded that no such restatement was required. The date of transition to FRS 102 was l January 2015. Goln8 Concern At the time of approving the financial statements. the trustees have a reasonable expectation that the charity has adequate resouros to continue In operational existence for the foreseeable future. Thus the trustees continue to adopt the goin8 concern basis of accounting In preparing the financial statements. Income Voluntary income including donations are recognised where there is erstitlement, certainty of receipt and the amount can be measured with sufficient reliability. Subscription income Is reco8nised when received from members. Production income represents the receipts net of expenditure for prodLSCtions performed by the charity in the year. A breakdown of the income and expenditure is shown in the notes to the accounts. ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 NOTES TO THE ACCOUNTS (continued) Accounting pollcles (continued} Expenditure and irre¢overable VAT Expenditure of recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required ond the amount of the obligation can be measured reliably. Irrecoverable VAT is charged as a cost against the activity for which the expenditure wa5 incurred. Investments Investments in equity instruments which are not subsidiaries, associates or joint ventures, are Initially measured at fair value. which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recogni5ed in the profit and loss a¢count5. Debtors Trade and other debtors are reco8nlsed at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepaid after takin8 Into account of any trade discounts offered. Cash at bank and In hand Cash at bank and c05h in hand includes cash and Short term highly liquid Investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Flnanclal Instruments The charity only has financlal liabilities of a klnd that qualifies as a basi¢ financial instrument. 8aslc flnanci31 instrument5 are initlally reco8nised at transaction value and subsequently measured at their settlement value, Credltors and provlslons Creditors and provisions are recogni5ed where the charity ha5 a present obligation resulting from past event that will probably result in a transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normallv recognised at their settlement amount after allowing for any trade discounts due. ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY TH ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024 NOTES TO THE ACCOUNTS (continued) Subscriptlons 2024 2023 Performing members Non-performlng members Friends 4.925 200 3,490 450 240 240 5.365 4,180 Other Income 2024 2023 Easyfundraislng Social events 302 237 295 Miscellaneous income 537 Surpluslldeflcltl on Produrtlons 2023-24 2022-23 Note Winter 2023- lolonthe Summer 2023- Comedy Tonight Winter 2024- Carmen Summer 2024- HM5 Pinofore 13,4081 11,3911 4a 13,3291 {8331 4b Total surpluslldeficitl for the year 14,1621 14,7991 io ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 NOTES TO THE ACCOUNTS (continued) February 2024 4a. Winter 2024- Cormen Ticket sales Programme sales Donations 26,633 992 Sundry income 125 27,750 Venue hlre 13,162 1,300 Director Musical director 1,300 5,235 2,081 1,045 340 Orchestra Muslc, libretto and licence fee Set, scenery and props Lighting and effects Wardrobe and make-up Publicitv Programmes Launch evening Rehearsal venue Rehearsal accompanlst After show party and 8ifts Sundry expenses 1,461 693 496 1421 1,520 2,200 1781 366 31,079 Deficit on production 13,3291 li ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 NOTES TO THE ACCOUNTS (continued) 4b. Summer 2024- HMS Plnufvre June 2024 Ticket sales Programme sales Sundry income 5.609 253 405 6,267 Venue hlre 1.700 500 Dlrector Musical dlrector 1,200 540 Orchestra Music hire Set, scenery and props Llghting and effects Wardrobe and make-up Publlclty Programmes Launch evenlng Rehearsal venue Rehearsal accompanist After show party and gifts Sundry expenses 283 66 864 116 87 62 1,440 220 22 7,100 Deficit on production 18331 12 ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 NOTES TO THE ACCOUNTS (continued) Sundry expenses 2024 2023 Patrons, receptions and cards Social events Bank charges Sundry expenses 37 124 30 71 68 194 293 449 428 Resources expended During the year, Phlllp Joslin, a Trustee, received £1,200 in his capacity as Musical Director12023.' Debtors 2024 2023 Debtors 900 951 Prepayments 944 140 1,844 1,091 Credltors: Amounts falllng due wlthln one year 2024 Z023 Creditors 1,700 800 Deferred income 148 1,700 948 13 ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2024 NOTES TO THE ACCOUNTS {continued) Movement of Funds Balance at Net Incomingl lit July 2023 (outgoing) Rewurces Transfer of funds 30" June 2024 Balance at Unrestricted funds General fund Designated funds 35,908 1.396 37.304 35.908 1,396 37,304 10. Analysls of Net Assets between Funds Unrestrlcted Funds Deslgnated Fund5 Total Funds Current assets 39.004 11,7001 39,004 11,7001 Current Ilabilities 8alance at 30, June 2024 37,304 37,304 Analysls of Net Assets between Funds Icomparatlvel Unrestrlrted Desl8nated Total Funds Funds Funds Current assets 36,856 19481 36,856 19481 Current liabilities Balance at 30, June 2023 35,908 35,908 14 ABBOTS LANGLEY GILBERT AND SULLIVAN SOCIETY ACCOUNTS FOR THE YEAR ENDED 30- JUNE 2024 NOTES TO THE ACCOUNTS {continued) 11. Comparative Statement of F5nancial Artlvltie5 Unrestricted Funds Deslgnated Funds Total Note 2023 Intome and Endowments from: Subscriptions Patrons 4,180 650 4,180 650 Grants and donations 189 189 Legacv Interest Taxation recovered from Gift Aid Other income 216 216 951 951 537 537 Total Income 6,723 6,723 Expendlture on: Charitable Ex enditur Deficit on productions 4.799 4,799 Mana ement and Administration Subscriptlons and affiliatlon fees Insurance 190 190 883 883 Intérnet and web-slte hosting Sundry expense5 425 425 428 428 Totol expendlture 6,725 6,725 Net expenditure Transfer between funds 121 Net movement In fvnds Reconclllation of fund5 Total funds brought forward 121 121 35,910 35,910 Total funds carried forward 35,908 35,908 15