**REGISTERED CHARITY NUMBER: 259306** ## Report of the Trustees and ## Unaudited Financial Statements for the Year Ended 31 May 2022 ## for The Birkenhead Operatic Society Trust Corke Accountancy Services 2 Upton Road Claughton Wirral CH41 0DF The Birkenhead Operatic Society Trust Contents of the Financial Statements for the Year Ended 31 May 2022 ||Page| |---|---| |Report of the Trustees|1 to 3| |Independent Examiner's Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Financial Statements|7 to 12| |Detailed Statement of Financial Activities|13 to 14| The Birkenhead Operatic Society Trust ## Report of the Trustees ## for the Year Ended 31 May 2022 The trustees present their report with the financial statements of the charity for the year ended 31 May 2022. 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** The objects of the Trust are for the promotion or furtherance of education in, and knowledge, understanding and appreciation of the arts of, opera, ballet, mime, drama, music and singing. ## **Significant activities** The Trust stages shows of a near-professional standard. A concert party performs for community groups and concerts are performed for other charities. Members receive training in stagecraft and singing and children are introduced to theatre performance. The hall is made available for music and theatre examinations. ## **Public benefit** The Trust is committed to enabling as many people as possible to participate in its activities either through involvement in its productions or as its audiences. Since the Society was formed, they've produced over 200 shows and concerts which have been enjoyed by the local community. In maintaining high standards of production, the Society, its performing members and creative teams have won multiple awards, including those issued by the National Operatic and Dramatic Association. Throughout this period, members of all ages have benefitted from expert training in stagecraft and singing. It is well documented that taking part in groups such as choirs and dramatic societies improves participants' physical and mental well-being. The Society engages with both local and national creative talent to ensure that the members and audience benefit from the involvement of professional artistic directors, musical directors and technical crew. Wider benefits to the local community are achieved through the public deriving much pleasure from the Trust's performances - which they're able to attend at professional venues at a far more accessible cost compared to shows produced by commercial entities. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** Recovering from the uncertainties of the pandemic and being unable to safely stage a large musical in early 2021, this financial year saw two productions held in the glamorous Concert Room at St George's Hall. In December 2021 the Society produced 'The Magic of Christmas Musicals' - a staged concert encompassing many festive musical numbers from the theatrical and film worlds. The concert was extremely well received by the sell-out audiences. Following this, BOST returned to the venue in May 2022 with 'The Sounds of Liverpool' - another themed concert based on theatrical and popular music in some way connected to Liverpool. Combined, ticket sales from the productions totalled £33,860. During the pandemic, the Society made efforts to keep members engaged and continue its aims via online rehearsals, workshops and fundraising events. They also took the opportunity to maintain and improve their leased premises, whilst the space was seeing less demand. Page 1 The Birkenhead Operatic Society Trust ## Report of the Trustees ## for the Year Ended 31 May 2022 ## **FINANCIAL REVIEW** ## **Financial position** The financial transactions of the Trust continue to run satisfactorily and the position of the Trust is strong and well placed to meet its objectives. Throughout the year when planning its activities, the Trust takes in to consideration the capital reserves required to fulfil its obligations and to mitigate risk from external factors. Some of the Society's larger productions can incur costs of over £100,000, many of which need to be met before ticket income is received. The Trust's balance sheet at the year end shows the total funds of the Trust to be £120,366 (2021 - £114,407) which they consider to be more than adequate to meet the proposed commitments for the coming year, including a large-scale production of 'Shrek the Musical' at the Liverpool Empire. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **Recruitment and appointment of new trustees** The Trust is governed by its General Council who are voted in by a majority at each AGM - generally consisting of 11 trustees and up to 4 co-opted members. These roles include a Chairman, Secretary and Treasurer. Other aspects of the day-to-day running of the charity are delegated to sub-committees who report back to the General Council at their monthly meetings. These include Fundraising, Production, Building and a Social Committee. Each sub-committee includes at least one trustee. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 259306 ## **Principal address** ## **Trustees** K Blackwell C Simmons (appointed 30.9.21) M Hoile (appointed 30.9.21) M Furness L Furness L Steventon D McAllister I Lockwood (resigned 22.9.22) I Beattie K Hoile (appointed 22.9.22) R Rose (appointed 22.9.22) ## **Independent Examiner** Corke Accountancy Services 2 Upton Road Claughton Wirral CH41 0DF Page 2 The Birkenhead Operatic Society Trust ## Report of the Trustees for the Year Ended 31 May 2022 Approved by order of the board of trustees on 29 March 2023 and signed on its behalf by: Trustee Page 3 Independent Examiner's Report to the Trustees of The Birkenhead Operatic Society Trust ## **Independent examiner's report to the trustees of The Birkenhead Operatic Society Trust** I report to the charity trustees on my examination of the accounts of The Birkenhead Operatic Society Trust (the Trust) for the year ended 31 May 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do 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 any requirement that the accounts give a true 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 drawn in this report in order to enable a proper understanding of the accounts to be reached. Rachel Corke FCA Corke Accountancy Services 2 Upton Road Claughton Wirral CH41 0DF 29 March 2023 Page 4 The Birkenhead Operatic Society Trust Statement of Financial Activities for the Year Ended 31 May 2022 |Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Members subscriptions and donations
Other trading activities
2
Investment income
3
Other income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Theatre Production
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|31.5.22
Unrestricted
fund
£
920
5,624
37,321
175
-
44,040
1,411
36,670
38,081
5,959
114,407
120,366|31.5.21
Total
funds
£
-
4,697
811
104
17,431| |---|---|---| |||23,043
-
17,870| |||17,870| |||5,173
109,234| |||114,407| The notes form part of these financial statements Page 5 ## The Birkenhead Operatic Society Trust ## Balance Sheet ## 31 May 2022 |Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Stocks
7
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
8
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
9
Unrestricted funds
**TOTAL FUNDS**|31.5.22
Unrestricted
fund
£
1,752
30
119,334
119,364
(750)
118,614
120,366
120,366
120,366
120,366|31.5.21
Total
funds
£
2,061
30
113,066
113,096
(750)
112,346
114,407
114,407
114,407
114,407| |---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 29 March 2023 and were signed on its behalf by: Trustee The notes form part of these financial statements Page 6 The Birkenhead Operatic Society Trust Notes to the Financial Statements for the Year Ended 31 May 2022 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, 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 Charities Act 2011. 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. ## **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 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. ## **Hire purchase and leasing commitments** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Page 7 continued... The Birkenhead Operatic Society Trust Notes to the Financial Statements - continued for the Year Ended 31 May 2022 ## **2. OTHER TRADING ACTIVITIES** |Fundraising events
Theatre ticket sales
Programme sales
Bar sales
**3.**
**INVESTMENT INCOME**
Deposit account interest|31.5.22
£
2,072
33,860
440
949
37,321
31.5.22
£
175|31.5.21
£
126
685
-
-| |---|---|---| |||811| |||31.5.21
£
104| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 May 2022 nor for the year ended 31 May 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 May 2022 nor for the year ended 31 May 2021. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** ||Unrestricted| |---|---| ||fund| ||£| |**INCOME AND ENDOWMENTS FROM**|| |**Charitable activities**|| |Members subscriptions and|| |donations|4,697| |Other trading activities|811| |Investment income|104| |Other income|17,431| |**Total**|23,043| |**EXPENDITURE ON**|| |**Charitable activities**|| |Theatre Production|17,870| |**NET INCOME**|5,173| Page 8 continued... The Birkenhead Operatic Society Trust Notes to the Financial Statements - continued for the Year Ended 31 May 2022 |**5.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**| |---|---|---|---| ||||Unrestricted| ||||fund| ||||£| ||**RECONCILIATION OF FUNDS**||| ||**Total funds brought forward**||109,234| ||**TOTAL FUNDS CARRIED**||| ||**FORWARD**||114,407| |**6.**|**TANGIBLE FIXED ASSETS**||| ||||Fixtures| ||||and| ||||fittings| ||||£| ||**COST**||| ||At 1 June 2021 and 31 May 2022||2,801| ||**DEPRECIATION**||| ||At 1 June 2021||740| ||Charge for year||309| ||At 31 May 2022||1,049| ||**NET BOOK VALUE**||| ||At 31 May 2022||1,752| ||At 31 May 2021||2,061| |**7.**|**STOCKS**||| |||31.5.22|31.5.21| |||£|£| ||Stocks|30|30| Page 9 continued... The Birkenhead Operatic Society Trust Notes to the Financial Statements - continued for the Year Ended 31 May 2022 |**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**9.**
**MOVEMENT IN FUNDS**
At 1.6.21
£
**Unrestricted funds**
General fund
114,407
**TOTAL FUNDS**
114,407
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
44,040
**TOTAL FUNDS**
44,040
**Comparatives for movement in funds**
At 1.6.20
£
**Unrestricted funds**
General fund
109,234
**TOTAL FUNDS**
109,234|31.5.22
£
750
Net
movement
in funds
£
5,959
5,959
Resources
expended
£
(38,081)
(38,081)
Net
movement
in funds
£
5,173
5,173|31.5.21
£
750
At
31.5.22
£
120,366
120,366
Movement
in funds
£
5,959
5,959
At
31.5.21
£
114,407
114,407| |---|---|---| Page 10 continued... The Birkenhead Operatic Society Trust Notes to the Financial Statements - continued for the Year Ended 31 May 2022 ## **9. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
Resources
Movement
resources
expended
in funds
£
£
£
23,043
(17,870)
5,173
23,043
(17,870)
5,173| |---|---| A current year 12 months and prior year 12 months combined position is as follows: |At 1.6.20
£
**Unrestricted funds**
General fund
109,234
**TOTAL FUNDS**
109,234
A current year 12 months and prior year 12 months combined
included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
67,083
**TOTAL FUNDS**
67,083|Net
movement
At
in funds
31.5.22
£
£
11,132
120,366
11,132
120,366
net movement in fund
Resources
Movement
expended
in funds
£
£
(55,951)
11,132
(55,951)
11,132| |---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Page 11 continued... The Birkenhead Operatic Society Trust Notes to the Financial Statements - continued for the Year Ended 31 May 2022 ## **10. OTHER FINANCIAL COMMITMENTS** The building used by the charity is leased and 42 months notice is required to terminate the lease . This equates to a financial obligation of £12,341. ## **11. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 May 2022. Page 12 |The Birkenhead Operatic Society Trust||| |---|---|---| |Detailed Statement of Financial Activities||| |for the Year Ended 31 May 2022||| ||31.5.22|31.5.21| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Donations|920|-| |**Other trading activities**||| |Fundraising events|2,072|126| |Theatre ticket sales|33,860|685| |Programme sales|440|-| |Bar sales|949|-| ||37,321|811| |**Investment income**||| |Deposit account interest|175|104| |**Charitable activities**||| |Members' subscriptions|5,624|4,682| |Vice President's donations|-|15| ||5,624|4,697| |**Other income**||| |Grants received|-|17,431| |**Total incoming resources**|44,040|23,043| |**EXPENDITURE**||| |**Raising donations and legacies**||| |Fundraising costs|1,411|-| |**Charitable activities**||| |Insurance|858|840| |Theatre and production costs|16,328|3,109| |Costumes|-|672| ||17,186|4,621| |**Support costs**||| |**Management**||| |Other operating leases|3,526|3,526| |Carried forward|3,526|3,526| This page does not form part of the statutory financial statements Page 13 ## The Birkenhead Operatic Society Trust Detailed Statement of Financial Activities for the Year Ended 31 May 2022 |Detailed Statement of Financial Activities
for the Year Ended 31 May 2022||| |---|---|---| ||31.5.22|31.5.21| ||£|£| |**Management**||| |Brought forward|3,526|3,526| |Rates and water|2,351|1,844| |Trustee's insurance|265|226| |Light and heat|3,077|1,619| |Telephone|737|1,015| |Postage and stationery|633|-| |Advertising|4,404|60| |Sundries|360|-| |Burglar and fire alarm|462|855| |NODA subscription|163|72| |Incidental expenses|-|20| |Repairs and maintenance|570|1,338| |Fixtures and fittings|309|740| ||16,857|11,315| |**Finance**||| |Bank charges|1,101|1,184| |**Human resources**||| |Software licences|206|-| |**Governance costs**||| |Accountancy and legal fees|1,320|750| |Total resources expended|38,081|17,870| |**Net income**|5,959|5,173| This page does not form part of the statutory financial statements Page 14