LICHFIELD OPERATIC SOCIETY (CIO) FINAf4CIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Registered Charlty number 1181417 DAINS AUDIT LTD Chartered Accountants St John's Court Wiltell Road Lichfield Stafford$hRre WS14 9DS
LICHFIELD OPERATIC SOCIETY (CIO) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 INDEX Page Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements
LICHFIELD OPERATIC SOCIETY (CIO) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ANNUAL REPORT The board of Trustees present their report for the year ended December 2024 The Board of Trustees who served during the year: Mrs Helen Chave Chairman Mrs Sarah Mathias Production Manager & Vice Chairman Ms Charlotte Morley Secretary Mrs Dawn Bond Treasurer Mrs Charlotte Jetvis Publicity Manager Mrs Vanessa Blake Members, Secretary & Business Manager Mr Connor Brooks society Support Officer Miss Sarah Jordan Society Support Officer- appointed April 2024 Mrs Lucy Dufaye Society Support Officer
LICHFIELD OPERATIC SOCIETY {CIOI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ANNUAL REPORT (continued) Trustees are elected on an annual basis with the Annual General Meeting being generally held in Spring The Society is a Charitable Incorporated Organisation. The governing document is a constitution dated 21 October 2018 and it was registered with the Charity Commission on 4 January 2019, registered charity number 1181417. Objects of the organisation to promote plays, drama, comedies, operas, operettas and other dramatic and operatic works of educative value,. to purchase, acquire and obtain interests in the copyright of or the right to perform or show any such dramatic or operatic works- to purchase or otherwise acquire plant, machinery, furniture, fittings, scenery and all other effects,. to raise funds and invite and receive contributions from any person or persons by way of subscription, donation or otherwise, provided that the society shall not undertake any permanent trading activities in raising funds,. to do all such things as shall further the objects of the Society. bl dl Members and non-performinE members are required to pay an annual substription. The rates for 2024 were as follows.. Performing members Non-performing members Students £30 £20 £20 In addition, a show fee per show is payable, during this year the show fee for Calendar Girls was performed in July 2024 and wa5 £90. Revlew of progress and achievements The Society was established as a Charity in 1943 and converted to a Charitable Incorporated Organisation in January 2019. Lichfield Operatic society performed Calendar Girls at The Garrick in July 2024. The show was well received, earning glowing reviews and has subsequently been nominated for two NODA awards. Financially this show made a surplus of £8,269. The Society continues to attract new members and has further productions in the pipeline to further achieve their ongoing objectives and remain financially stable.
LICHFIELD OPERATIC soaErY Icioi FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ANNUAL REPORT {continuedl Finances The attached financial statements show the current state of the Socievs finances, which the Board of Trustees consider to be sound. Free reseNes at 31 December 2024 totalled £74,743. This falls within the range agreed by the Trustees The Charity's principal bankers are HSBC Plc, Lichfield. The independent examiner is M Gurney of Dains Audit Ltd, Chartered Accountants, Lichfield Rlsk review The Trustees have examined the major internal and external risks which the Charity faces and confirm that systems have been established to minimise these risks. Public Benefit The Trustees confirm that they have referred to the guidance contained in the Charity Commissions guidance on public benefit when reviewing the Charity's aims and objective5 and have complied with their duties under the Charities Act 2011. The accounts have been prepared in aCCOfdance with the accounting policies set out in note I to the accounts and comply with the Charitvs constitution, the Charities Act 2011 and 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 RepLsblic of Ireland effective l January 2019. On behalf of the Board of Trustees D Bond Treastjrer Date.. 10 March 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRLSTEES OF LICHFIELD OPERATIC SOCIETY (CIO) I report to the charity trnstees on my examination of the ae¢ounts of the charity for the year ended 31 December 2024, which are set out on pages 5 to 7. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the accounts in ac¢ordan¢e with the requiremenis of the Charities Act 2011 ('the A¢l'l. I report in respect of my examination of the charity'5 accounts carried out under section 145 of the Act 2nd in carrying out my examination I have followed all the applicable Dir¢¢lsot15 given by the Charity CoTnMission under section 14515)(bl of the Act. Independent examiner'5 Statement I have completed my examination. I confirn) that no material matters have come to my attention in connection with the examination giving m¢ cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act. or the accounts do not accord with those records. the accounts do not co]nply with the applicable requirements ¢on¢erning the forni and content of accounts set out in the Charitl¢5 (Accounis and Reports) Regulations 2008 other than any requirement that the accounts gÉve a 'tNe and fair view. which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matter5 in connection with the ¢xaminaiion io which attention should be drawn in this report in order io enable a proper understanding of the Accounts to be reached. M Gurney FCCA, DChA of Dains Audit Ltd St John's Court Wiltell Road Lichfield Staffordshire WS14 9DS 10 March 2025 Page 4
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Income from: Members Subscriptions Show Fees Production income Bank interest Social Activities Hoodies and T shirts 3,092 3,988 55,884 39 56 1,070 2,523 2,185 47,643 184 485 316 Total income 64,129 53,336 Expenditure on: Production expenditure Insurarycc Subs¢riptions Postage, stationery and sundries Independcnt examin¢rs fee Social activities Storage Hoodies and T shirts 47,615 ,391 245 636 830 57 1,680 1.076 47,629 1,330 230 204 900 547 1,620 324 Total expenditure 53,530 52,784 Net Ineomel{e%penditure) 10,599 552 Reconciliation of Funds: Total funds brought forward 64.145 63,593 Total funds carried fonvard 74,744 64,145 Page 5
LICHFIELD OPERATIC SOCIETY (CIO) BALANCE SHEET AT 31 DECEMBER 2024 2024 2023 Tangible Fixed A55ets Scenery, properties and equipment Brought fonvard ai cost less depreciation Current Assets Prepayments Gifi aid debtor HSBC PIC Virgin Money 7,674 1,802 66,531 5,360 1,402 25.293 32,839 76,007 64,894 76.008 64,895 Current Liabilities Creditors and accruals (1,264) (750} Net Assets 74,744 64,145 The funds of the charity: Unrestricted income funds 74,744 64,145 The accounts on pages 5 to 8 were approved by the Board of Trustees on 10 March 2025 and signed on their beh8lf by H Chave S Mathias P8g¢ 6
LICHFIELD OPERATIC SOCIETY(CIO) NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Aecouniing poli¢ies G¢ncral These accounts have been prepared in accordance with Accounting and Reporting by ChaTilies'. Staremeni of Recommended Practice applicable io ¢hariti¢s preparing their accounts in accordance with the Financi21 Reporting Standard applicabl¢ in the UK and Republic of Ireland IFRS1021 effective l January 2019, FRS 102 and th¢ Charitics Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. These accounts have been prepared on an accrnals basis. 2. Trustees remuneration, expenses and related party transactions Production team honoraT2a inelud¢ Il)¢ followiiig pyym¢nts to related parties- Charlott¢ Jervis £700 choreographer fee12023 £300- concert fee). In 2023, Patrick Jervis (husband of trustee}- director's fee re Seven Brides for Seven Brothers. No reimbursement of expenses has been made or is due to be made to any of the Memb¢rs of the Management Committee in respecr of the year. 3. Gift Aid Scheme Membership subscriptions include a gifl aid tax repaymeni of £400 {2023 £4001. 4. Charit}. Merger At an Extraordinary General Meeting held on 22 October 2018, the unincorporated charity, Li¢hfi¢ld Operatic Society, registered charity number 516576, passed a resolution to dissolve and transfer its assets to Lichfield Operatic Society {CIO). registered charity number 1181417. The transfer look pla¢e on l January 2019. Pa8e 7