LICHFIELD OPERATIC SOCIETY (CIO) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Registered Cbarity number 1181417 DAINS AUDIT LTD Chartered A¢eouDtants 2 Chamberlain Square Paradise Circus Birmingbam B3 3AX
LICHFIELD OPERATIC SOCIETY (CIO) FINANCIAL STATKMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 DEX Page Annual Report Independent Examiner's Report Statement of Financial Auivities Balance Sheet Notes lo the Finan¢ial Statetnents
LICHFIELD OPERATIC SOCIETY {CIOI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ANNUAL REPORT The board of Trustees present their report for the year ended December 2025 The Board of Trustees who Seed during the year: Mrs Helen Chave Chairman Mrs Charlotte JeNis Vice Chairman Ms Charlotte Morley secretary Miss Nicola Dawn Bond Treasurer Mr Patrick Jervis Production Manager- appointed 1414125 Mrs Charlotte Jervis Publicity Manager Mrs Vanessa Blake Members, secretary & Business Manager Mr Connor Brooks Society Support Officer Ms Sarah Jordan Society Support Officer Mrs Lucy Dufuye Society Support Officer- Stepped down 1414125 Vice Chairman/ Production Manager- stepped down 1414125 Mrs Sarah Mathias
LICHFIELD OPERATIC SOCIETY ICIOI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ANNUAL REPORT Icontinuedl Trustees are elected on an annual basi5 Wlth 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. Objerts of the organi5ation 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-performing members are required to pay an annual Subscription. The rates for 2025 were as follows: Performing members £30 In addition, a show fee per show is payable. The show fee for Anything Goes performed in April 2025 was £95 and for Rock of Ages, performed in September 2025 was also £95 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 Anything Goes at The Garrick in April 2025. The show was well received, earning glowing reviews and was subsequently nominated for a NODA award. Financially this show made a loss of £10.253. Rock of Ages, performed at The Garrick in September 2025 was hailed a great success and made a surplus of £3,146 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 SOCIETY (CIO) FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2025 ANNUAL REPORT {continued) Finances The attached financial statements show the current state of the Societls finonces, which the Board of Trustees consider to be sound. Free reserves at 31° December 2025 totalled £61,730. This falls within the range agreed by the Trustees The Charity's principal bankers are CAF Bank- www.caf0n1ine.orh0MelCaf-bank The independent examiner is M Gurney of Dains Audit Ltd, Chartered Accountants, Birmingham Risk revlew 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 objectives and have complied with their duties under the Charities Act 2011. The accounts have been prepared in accordance with the accounting polities set out in note I to the accounts and comply with the Charity's constitution, the Charities Act 2011 and Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland effective l January 2019. On behalf of the Board of Trustees NDBond Treasurer Date: 20 April 2026
INDEPENDENT EK4MINER'S REPORT TO THE TRUSTEES OF LICHFIELD OPERATIC SOCIETY (CIO) I report to the charity trustees on my examination of the accounis of the charity for the year ended 31 December 2025, which are sei 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 accordance with the requirements of the Charities Acl 2011 ('the A¢t'). I r¢port in respect of my examinaiion of the charity's accounts ¢arried out under section 145 of the Act and in caTrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5Kb) of the Act. Independent examiDer's statement I have compl¢ted my examination. I confirni that no material matters have corne to my attention in connection with the examination giving me cause to believe thal in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the Act- or the a¢wunts do not accord with those records. the accounts do not comply with the applicable requirements concerning the forn) and content of accounts set out in the Ch2rities (Accounls and Reports) Regulations 2008 other ih8n any requirement that the accounts give a 'tnJe 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 matters in connection with the examination to which attention should be drawi in this report in order to enable a prop¢r understanding of the accounts to be reached. M Gurney FCCA. DChA of Dains Audit Ltd 2 Chamberlain Square Paradise Circus Birniingham B3 3AX 20 April 2026 PABe4
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Income from: Members Subscriptions Production income Bank interesl So¢ial Activili¢s Hoodies and T shirts Salc of props 3,196 96.344 83 234 1,019 220 3,092 59.872 39 56 1,070 Totsl income 101.096 64,129 Expenditure on: Production expenditure Insurance Subscriptions Postage, stationery and sundries Independent examiners fee Social activities Storage Hoodies and T shirts 107.177 1.462 299 885 780 238 2,240 1,028 47,615 1.391 245 636 830 57 1,680 1,076 Totsl expenditure 114,109 53,530 Net {eypenditure)l income (13,013) 10,599 ReeoDciliation of Funds: Total funds broughi fon¥ard 74,744 64,145 Totsl fund$ carried fonvard 61,731 74,744 Pogt 5
LICHFIELD OPERATIC SOCIETY (CIO) BALANCE SHEET AT JI DECEMBER 2025 2025 2024 Tangible Fixed Assets Scenery, properties and equipment Brought fonvard at cost less depr¢cialion Current Aet5 Prepayments Gift aid debtor HSBC PIC CAF Gold deposit a¢¢ount CAF current account 4,246 2,202 643 25.078 32.293 7,674 1,802 66,531 64,462 76,007 64,463 76,008 Current Liabilities Creditors and a¢cruals (2.732) (1,264) Net Assets 61,731 74,744 Tbe funds of the eharity: Unrestricted incom¢ funds 61,731 74,744 The accounts on pages 5 10 8 were approved by the Board of Trnstees on 20 April 2026 and signed on their behalf by H Chave C Jervis Page 6
LICHFIELD OPERATIC SOCIETY(CIO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accounting policies General These accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Pra¢lice appli¢able to charities preparing their accounis in ac¢ordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS102) effective l January 2019, FRS 102 and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. These a¢¢ounts hav¢ been prepared on an accruals basis. 2. Trustees remunerAtion, expenses and related party transactions Production team honoraria include the following payments to related parties.. Charlotte Jervis - £700 Choreographer fee and £50 programme design (2024 £700). Patrick Jervis {husband of trustee)- director's fee £850. No T¢imbur5ement of expenses has been made or is due to be made to any of the Mernbers of the Management Committee in respect of the ye. 3. Gift Aid Scheme Membership subs¢riptions in¢lude a gift aid tax repaymenl of £400 (2024 £400). 4. Charity Merger At an Extraordinary General Meeting held on 22 October 2018, the unincorporated charity. Lichfield Operatic Society. registered charity number 516576, passed a resolution to dissolve and transfer its assets to Li¢hfield Operatie Society (CIO), registered charity number 1181417. The transfer took place on l January 2019. Pag¢ 7