REGISTERED COMPANY NUMBER: CE032564 REGISTERED CHARITY NUMBER: 1203451
Report of the Trustees and Unaudited Financial Statements for the Year Ended 30 September 2024
for
Chesterfield Operatic Society
Hadfields Chartered Certified Accountants Commerce House 658B Chatsworth Road Chesterfield Derbyshire S40 3JZ
Chesterfield Operatic Society
Contents of the Financial Statements for the Year Ended 30 September 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
Chesterfield Operatic Society
Report of the Trustees for the Year Ended 30 September 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
To advance, improve, develop and maintain public education in, and appreciation of, the dramatic and operatic arts in Chesterfield and the surrounding area, by any means the trustees see fit, including through the presentation of public events and the performance of shows.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a charitable incorporated organisation, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
CE032564 (Not specified/Other)
Registered Charity number
1203451
Registered office
5A Abercrombie Street Chesterfield Derbyshire S41 7LW
Trustees
J D Melloy Chair (resigned 13.12.2023) G R J Kenning A J Ashall K S Brennan P M Hindle J C Bennett (appointed 13.12.2023)
Independent Examiner
Hadfields Chartered Certified Accountants Commerce House 658B Chatsworth Road Chesterfield Derbyshire S40 3JZ
Approved by order of the board of trustees on 12 December 2024 and signed on its behalf by:
P M Hindle - Trustee
Page 1
Independent Examiner's Report to the Trustees of Chesterfield Operatic Society
Independent examiner's report to the trustees of Chesterfield Operatic Society ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection 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.
Clare Farmer The Association of Chartered Certified Accountants
Hadfields Chartered Certified Accountants Commerce House 658B Chatsworth Road Chesterfield Derbyshire S40 3JZ
12 December 2024
Page 2
Chesterfield Operatic Society
Statement of Financial Activities
for the Year Ended 30 September 2024
| Notes 2024 Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 2,096 Other trading activities 2 (2,403) Investment income 3 3,868 Total 3,561 EXPENDITURE ON Raising funds 4 9,360 Other 1,623 Total 10,983 NET INCOME/(EXPENDITURE) (7,422) RECONCILIATION OF FUNDS Total funds brought forward 96,178 TOTAL FUNDS CARRIED FORWARD 88,756 |
2023 Total funds £ 1,653 8,205 4,376 |
|---|---|
| 14,234 | |
| 8,747 489 |
|
| 9,236 | |
| 4,998 91,180 |
|
| 96,178 |
The notes form part of these financial statements
Page 3
Chesterfield Operatic Society
Balance Sheet
30 September 2024
| FIXED ASSETS Notes 2024 Unrestricted fund £ Tangible assets 8 10,058 CURRENT ASSETS Stocks 9 400 Cash at bank and in hand 78,533 78,933 CREDITORS Amounts falling due within one year 10 (235) NET CURRENT ASSETS 78,698 TOTAL ASSETS LESS CURRENT LIABILITIES 88,756 NET ASSETS 88,756 FUNDS Unrestricted funds 11 88,756 TOTAL FUNDS 88,756 |
2023 Total funds £ 10,185 761 85,448 86,209 (216) 85,993 96,178 96,178 96,178 96,178 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
Chesterfield Operatic Society
Balance Sheet - continued 30 September 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 12 December 2024 and were signed on its behalf by:
K S Brennan - Trustee
P M Hindle - Trustee
The notes form part of these financial statements
Page 5
Chesterfield Operatic Society
for the Year Ended 30 September 2024
Notes to the Financial Statements
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
- Fixtures and fittings 15% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
Chesterfield Operatic Society
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
| 2. | OTHER TRADING ACTIVITIES | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Bar sales | 2,956 | 130 | ||
| Net surplus (deficit) on shows | (5,359) | 8,051 | ||
| Clothing sales | - | 24 | ||
| (2,403) | 8,205 | |||
| 3. | INVESTMENT INCOME | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Room hire | 2,817 | 4,167 | ||
| Deposit account interest | 1,051 | 209 | ||
| 3,868 | 4,376 | |||
| 4. | RAISING FUNDS | |||
| Investment management costs | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Repairs and maintenance | 1,313 | 1,473 | ||
| 5. | NET INCOME/(EXPENDITURE) | |||
| Net income/(expenditure) is stated after charging/(crediting): | ||||
| 2024 | 2023 | |||
| £ | £ | |||
| Depreciation - owned assets | 127 | 150 | ||
| 6. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.
continued...
Page 7
Chesterfield Operatic Society
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST Freehold property £ At 1 October 2023 and 30 September 2024 9,337 DEPRECIATION At 1 October 2023 - Charge for year - At 30 September 2024 - NET BOOK VALUE At 30 September 2024 9,337 At 30 September 2023 9,337 |
Unrestricted fund £ 1,653 8,205 4,376 14,234 8,747 489 9,236 4,998 91,180 96,178 Fixtures and fittings Totals £ £ 13,572 22,909 12,724 12,724 127 127 12,851 12,851 721 10,058 848 10,185 |
|---|---|
8. TANGIBLE FIXED ASSETS
continued...
Page 8
Chesterfield Operatic Society
Notes to the Financial Statements - continued
for the Year Ended 30 September 2024
| 9. | STOCKS | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Stocks | 400 | 761 | ||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Accrued expenses | 235 | 216 | ||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1/10/23 | in funds | 30/9/24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 96,178 | (7,422) | 88,756 | |
| TOTAL FUNDS | 96,178 | (7,422) | 88,756 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 3,561 | (10,983 ) | (7,422) | |
| TOTAL FUNDS | 3,561 | (10,983 ) | (7,422) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| At | movement | At | ||
| 1/10/22 | in funds | 30/9/23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 91,180 | 4,998 | 96,178 | |
| TOTAL FUNDS | 91,180 | 4,998 | 96,178 |
continued...
Page 9
Chesterfield Operatic Society
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 14,234 | (9,236) | 4,998 |
| TOTAL FUNDS | 14,234 | (9,236) | 4,998 |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| At | movement | At | |
| 1/10/22 | in funds | 30/9/24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 91,180 | (2,424) | 88,756 |
| TOTAL FUNDS | 91,180 | (2,424) | 88,756 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 17,795 | (20,219 ) | (2,424) |
| TOTAL FUNDS | 17,795 | (20,219 ) | (2,424) |
continued...
Page 10
Chesterfield Operatic Society
Notes to the Financial Statements - continued for the Year Ended 30 September 2024
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2024.
Page 11
Chesterfield Operatic Society
| INCOME AND ENDOWMENTS Donations and legacies Donations Members subscriptions Other trading activities Bar sales Net surplus (deficit) on shows Clothing sales Investment income Room hire Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Rates and water Insurance Light and heat Sundry expenses Donations, gifts, flowers etc Comedy night Solstice concert Relaxation evening Other trading activities Purchases, adjusted for stock movements NODA awards and subscriptions Fixtures and fittings Investment management costs Repairs and maintenance |
Detailed Statement of Financial Activities for the Year Ended 30 September 2024 2024 £ 2023 £ 30 - 2,066 1,653 2,096 1,653 2,956 130 (5,359) 8,051 - 24 (2,403) 8,205 2,817 4,167 1,051 209 3,868 4,376 3,561 14,234 487 528 2,367 2,989 2,065 2,521 266 370 123 41 (100) - 75 - (30) - 5,253 6,449 2,428 257 239 418 127 150 2,794 825 1,313 1,473 |
Detailed Statement of Financial Activities for the Year Ended 30 September 2024 2024 £ 2023 £ 30 - 2,066 1,653 2,096 1,653 2,956 130 (5,359) 8,051 - 24 (2,403) 8,205 2,817 4,167 1,051 209 3,868 4,376 3,561 14,234 487 528 2,367 2,989 2,065 2,521 266 370 123 41 (100) - 75 - (30) - 5,253 6,449 2,428 257 239 418 127 150 2,794 825 1,313 1,473 |
|---|---|---|
| 1,653 130 8,051 24 |
||
| 8,205 4,167 209 |
||
| 4,376 | ||
| 14,234 528 2,989 2,521 370 41 - - - |
||
| 6,449 257 418 150 |
||
| 825 1,473 |
This page does not form part of the statutory financial statements
Page 12
Chesterfield Operatic Society
| Support costs Management Advertising Finance Bank charges Information technology Computer costs Governance costs Independent examiners fees Total resources expended Net (expenditure)/income |
Detailed Statement of Financial Activities for the Year Ended 30 September 2024 2024 2023 £ £ 114 - 24 - 286 273 1,199 216 10,983 9,236 (7,422) 4,998 |
Detailed Statement of Financial Activities for the Year Ended 30 September 2024 2024 2023 £ £ 114 - 24 - 286 273 1,199 216 10,983 9,236 (7,422) 4,998 |
|---|---|---|
| 9,236 | ||
| 4,998 |
This page does not form part of the statutory financial statements
Page 13