# **Bristol Musical Comedy Club (CIO) ACCOUNTS** **Year ended 31 October 2022** **Charity Number 1181749** **BRISTOL MUSICAL COMEDY CLUB CIO** ## **FINANCIAL STATEMENTS** ## **YEAR ENDED 31 October 2022** |**CONTENTS**|**PAGE**| |---|---| |Legal and Administrative Information|**1**| |Trustees annual report|**2 -3**| |Independent Examiner’s Report|**4**| |Receipts & Payments|**5**| |Balance sheet|**6**| |Statement of financial activities|**7**| **Bristol Musical Comedy Club CIO** ## **Independent Examiner’s Report to the Trustees** ## **YEAR ENDED 31 October 2022** ## **Status** Bristol Musical Comedy Club is a registered charity governed by its constitution. Charity number: 1181749 ## **TRUSTEES** Eva James Rebecca Lewis Rachel Taylor ## **COMMITTEE** **----- Start of picture text -----**
Chris Burden - Lowe Chair
Sarah Bartlett Treasurer
Greg Burden - Lowe Secretary
Ian Dunscombe Vice Chair and Publicity
Phil Sim New Members Rep
Sam Mitchell Fundraising
Eva James Socials
Ellese Pegler Social Media
Jordan Brailsford Members Rep
**----- End of picture text -----**
**Registered Office** 562 Bath Road Bristol BS43 3LE ## **Independent Examiner** Leonard Curthoys ## **Bankers** Barclays Bank 55 Broadmead Bristol BS1 3EA **Bristol Musical Comedy Club CIO** ## **Independent Examiner’s Report to the Trustees** ## **YEAR ENDED 31 October 2022** 1 The Trustees present their report and the unaudited financial statements of the charity for the year ended 31 October 2022 ## **Structure, Governance and Management** BMCC has now become a CIO. This is a Charitable Incorporated Organisation. It's a new form of Charity and the main difference is that a CIO has a separate legal personality so it can enter into contracts and own property in its own right. The CIO operates under a constitution but that constitution is smaller than the constitution under which BMCC operates. The advantage of this is that it means we can adopt rules and policies easier than under the current constitution. Over the past few years, a number of changes have been introduced which mean we need to review policies and implement new policies – safeguarding policies & GDPR to name but a few. By operating under a CIO the group has the flexibility to change and implement policies for the benefit of the club. It also means that the group can operate more under a "company structure" which is essential in today's world. As the CIO has a different status to the registered charity, we have had to set up a new account. The introduction of the CIO also fits in with the changes to the financial year under which BMCC operates which has now been in operation for a year. The financial year for the CIO is set as 1 November to 31st October and this will happen immediately. We have been implanting this change over during the last financial year and as a result you will see a ‘transfer in’ from the ‘old’ BMCC, i.e. the Lloyds account. ## **Objects of the Charity** The objective of the charity is to educate the public in the arts and sciences and in particular to the art and science of music and drama by the presentation of dramatic musical productions. ## **Organisation of the Charity** A committee is elected at an Annual General Meeting of the Members, that is convened annually as soon as possible after the end of the financial year to which members shall be summoned by notice giving not less than fourteen days. The committee shall comprise a Chairman, Secretary, Treasurer and four other Members. All arrangements for the productions and other events and the control of the finances are in the hands of the committee. ## **Reserves policy and risk management** The trustees have examined the major risks to which the charity is exposed and systems have been established to mitigate those risks. These procedures will be periodically reviewed to ensure that they still meet the needs of the charity. 2 ## **Trustees’ responsibilities in relation to the financial statements** Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity’s financial activities during the ## **Bristol Musical Comedy Club CIO** ## **Independent Examiner’s Report to the Trustees** ## **YEAR ENDED 31 October 2022** year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: - Select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards and statements - recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees and signed on their behalf by: ……………………………………………. ……………………………………………. ## Date ………………………………………2022 **3** ## **Bristol Musical Comedy Club CIO** ## **Independent Examiner’s Report to the Trustees** ## **YEAR ENDED 31 October 2022** I report on the accounts of the Charity for the Year ended 31st October 2022 which are set out on pages 5 - 7. ## **Respective responsibilities of trustees and examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - Examine the accounts under section 43 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the Charity Commission under section 43(7)b of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s report** My examination was carried out in accordance with the general Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: 1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 41 of the 2011 Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Leonard Curthoys 28 Primrose Terrace Kingswood Bristol BS15 1HR Date 17 February 2023 4 ## **Bristol Musical Comedy Club CIO** ## **RECEIPTS & PAYMENTS ACCOUNT** ## **Year Ended 31 October 2022** |**INCOME**
**2**
100 Club
**3**
**EXPENDITURE**
**4**
Fundraising Costs
Noda Membership
Website
**5**
**6 Surplus/(Deficit) for the year**
General Overheads
Royalties
Accountancy
Rent & Insurance
Theatre Production Costs
Social Function Costs
Theatre production income
Members
Bank interest
Other income
100 Club Expenses|**2022**
**£**
33,768
3,809
12
1,688
601
39,878
**£**
**£**
704
17,061
714
0
4,433
185
126
51
8,765
150
32,189
7,689|**2021**
**£**
**£**
33,063
2,847
1
1,758
2,152
39,821
**£**
**£**
880
14,063
904
83
107
257
6
342
0
150
16,792
23,029| |---|---|---| **5** ## **Bristol Musical Comedy Club CIO** ## **Balance Sheet** ## **Year Ended 31 October 2022** **----- Start of picture text -----**
2022 2021
£ £
Current Account 17,763 5,086
Savings Account 28,022 33,010
45,785 38,096
Represented By:
Brought forward from previous year 39,096 16,067
Add
Net Profit/loss 2021/2022 7,689 23029
46,785 39,096
**----- End of picture text -----**
All of the activities of the charity are classed as continuing **The notes on page 4 form part of these financial statements** **6** **Bristol Musical Comedy Club CIO** ## **Statement of Financial Activities** ## **Year Ended 31 October 2022** |**Production Income**||**Sondheim**||**Rent**|**Sister Act**|**Total**| |---|---|---|---|---|---|---| |Ticket & Programme Sales||1884||15354|16529|33768| |Advertising/Other/Donations|||||0|0| ||**2**|1884||15354|16529|33768| |**Production Income**||||||33768| |**Production Expenditure**||||||| |Bar/catering|||0|0|0|0| |Costumes|||0|182|0|182| |DVD|||0|0|0|0| |Lighting/Sound|||0|5996|4969|10965| |Make-up/Wigs|||0|0|51|51| |Marketing|||0|414|224|638| |MD|||0|750|0|750| |Box Office|||0|0|0|0| |Musicians|||0|1340|320|1660| |Postage|||0|0||0| |Presentations|||0|0||0| |Programmes|||0|610||610| |Props|||0|482||482| |Rehearsals|||119|784||903| |Rose Bowl|||0|0||0| |Stage Equipment and Scenery|||0|||0| |Theatre Hire|||0|||0| |Misc|||21|799||820| |Transport||||||0| |Royalties|**4**
**5**||140|11357
4097|5564
4668|17061
8765| |**Production Expenditure**|||140|15454|10232|25826| |**Production Profit/Loss**||1744||-100|6297|7941| |**Other Income**||||||| |Members||3809||||3809| |Bank Interest|||12|||12| |100 Club||1688||||1688| |**Total**||**5509**||||**5509**| |**Other Income**|3|||||| |Social|||284|||284| |Other|||0|||0| |Fundraising|||317|||317| |**Total Other Income**|||**601**|||601| |||||||| |**Total Non Production Income**||**6110**||||**6110**| |**General Overheads**||||||| |Insurance|||384|||384| |Storage|||320|||320| |100 Club Expenses|||714|||714| |Fundraising Costs||||||0| |Social Function Costs||4433||||4433| |Noda Membership|||185|||185| |General Overheads|||126|||126| |Website|||51|||51| |Accountancy|||150|||150| |**Total Overheads Expenditure**||6363||||6363| |**Non Production Income and Expenditure Profit/Loss**||||||-253| |||||||| |**Total Profit/Loss 2021/22**||||||7689| **7**