SolRhull Society of Arts Report of the Trustees and Financial Statements for the Year Ended 31 August 2022 Registered Cbarlty Number 260027
Page I Solihull Society of Arts Report of the Trustees For the Year ended 31 August 2022 The Trustees present th¢ir r¢port with the financial statements of the Charity for the year ended 31 August 2022. The Truslees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005. Referenee Ydnd Administrative Details Registered Charity Number 260027 Principal Address: The Edge at Alderbrook Blossomfield Road Solihull West Midlands B91 ISN Trustees: A Moore Mrs L Lang AKScott Independent Examiner: T J Hammond 38 Dene Hollow Kin&)s Heaih Binningl]am B13 OEL Structure, Govcrnanee and MaD¥dgement Governing Doeumenl: The Charity is controlled by its Governing DocumenL a D¢¢d of Tn( and constitutes an unincorporated charity. Risk Management: The Trustees have a duty lo identify and reviemi the risks to which the Charity is exposed and to ensure appropriat¢ controls are in place to provide reasonable assurance against fraud and error. Objectives and Aetivitses Objectives of the Charity The Society was established in 1944 to foster the appreciatio improvement and. (kvelopment of the Arts amongst the inhabilants of the Borough of Solihull.
Page 2 Solihull So¢iety of Arts Report of the Truste0¥ For the Year ended 31 August 2022 Objectives and Activities - continued There att six sections of the Society- Ar( Dram4 LA)cal History, Recorded Music, Solihull on Stage and its youth sectiow Sosage Factory. Solihull on Stage and Sosage Factory were prcviously affiliated memb¢rs. becoming full members on I September 2015. Meetings and perfomiances of the various sections are open to the public, nornwlly on paymenl of an admission charge. Members pay a subscription, part of which goes lo the Socieiy as capitation and the balance goes to the individual tions to which members subscribe. Aetivities of the Charity During? the year all seciions have largely been able io resume norn]al activities, t"ollowing restrictions arising¥ from the Covid-19 pandemtc. A number of sections meet in Alderbrook School. under the temis of a l O year Partnership Agreement 01. 6 December 2002, as updatcd by tiwther Agreemenis dated 6 December 2012 and 6 Decemb¢r 2017. Undcr the Agreements the School would be due lo repay to the Society the £270,000 which was originally advan¢¢d under the 2002 AgJreement. ir Ihey terminated without agreeing a further ren¢wal. This sum was treated as a grant when il was Oribltnally made in July 2003, and. consequerttly, does not appear in the accounts of the Society. During the year the Local History secti(>n received £28.178 from a legacy, bringing thL total received from that legacy to £58,178. FiDanci41 Review Reserves Policy The Society's policy is that unrestricted funds which have not been designated for a specific use should be maintained at a level of at lea twelve months expenditure. The Trustees consider thai Rcserves at thts level will ensure thai, in the event of a SIlfICant drop in funding, they will be able to continue the Charity's CUTTent activitie5 while consideratlon is given to ways of raising additional funds. This level of funds h&s been nIntained throughoui th¢ year, and at the year end the funds are well in excess of this level. The Trustees believe that future commitments will utilise these excess Reserves. Finaneial Position The Society generated a surplus of £23,993 in the year to 31 August 2022. (Sury)lus of £35,550 for the year to 31 August 2021). Reserves amounied to £185,013 at 31 August 2022 (£161,020 at 31 Augusi 2021). On Behalf of the Board: Trustec 30 November 2022
Page 3 Solihull So¢iety of Arts Independent Euminer's Report To the Tn1¢¢$ of Solihull Society of Arts I report on the Accounts of the Cl)arity for the Year endd 31 August 2022. which are set oul on pages 4 to 7. Respective Responsibililies of Trustees and Eminer The Charity's Trustees are r¢snSIble for the preparation ofthe Accounts. The Charity's Trnstees consider that an Audit Is not qUIred for the peri und¢r s¢ction 144(2) ot.the Charities Act 2011 (the 201 l Acl), and ihai an Ind¢pendent Examination is needed. It is my TestK)nsibility to: examin¢ the Accounts under section 145 of the 2011 Act. follow the procedures laid in the Genera] Directions given by the Charity Commission under section 145(5)(b} orth¢ 201 l Act; and state whethcr particular matters have come to my attentio Basis of Independent F.xaminer's Report My Examinalion was carried oul in accordance with the General Directions given by the Charity Commission. 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 considLration 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 tequired in an audit and consequently no opinion is given &$ lo whether the Accounts present a 'lrue and fair view", and the Rewrt is limitd to those matters set out An the Statement below. Independent F.xaminer's St*temeDt In connection with my Examination, no matter h&s come to my attention: . which gives me re&8onable cause to believe thal. in any malerial respecL the requirements: to keep accounting records in a¢cordan¢¢ section 130 of the 2011 Act; and - to prepare Accounts which accord with the accounting records and Comply with th¢ accounting requirements ot.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 be reached. T J Hammond 38 Dene Hollow King7s Heath Birmingham B13 OEL 30 November 2022 AQ IL-
Solrhull Socrety of Arts ststement of Financial A¢¥$ forthts Y•arto 31 Augu8t2022 Page4 Ya¥to 31IW2022 Y•arto 31r012021 Funds Funds INCOMING RESOURCES Vdunlary In18 Inveslment In¢x)me 29.471 4.714 30.319 3.925 Furtheranc4 of Ihe Arts othor Incomlng &8,575 7.699 TrAal Incornlng R••4yJrc•s 41.852 RESOURCÉS EXPENDED Charltablo A¢tfvltl•¥ Furtherance of Ihe ArtJ 67.450 6,302 INCOIANG RESOURCES 23.993 RECONCIUATION OF FUNDS TO Brought F¢x4¥•rd 181.020 125,470 TOTAL FUI408 CARRIED FORWAIID 185.013 181 020
Sollhuif So¢fiety otArts Balanctr Shtrat as at 31 August 2022 311812022 311W2021 Funds CurrortAuots Debtors Ca$h at Bank and in hand 13.266 1n.172 185.438 17.335 143.978 161.313 Cr•dltorn.' whoyntsI•lnll du• Twthln on•y•or 425 293 185.013 161.020 185.013 Funthi Unr•stricted Funds 185.013 161,020 185 013 TOnCi¥l stOtw¢nts re •Fvfty4d tythè olTrLty•S Xl 2022 Is W8irty. Tru8ts8
Soilhull Soc1 ofArfS Note¥ to the Financial siat8monts forthe Year to 31 August 2022 Page 6 1. A¢¢ounting PotsGles Ba8b of Pr•parlon The Finanual Statements have been prepar&J utthrlh8 coslcon¥enlwJn ara)an ¥th FinancAal Reportin9 Stsndard for srn4r Enlths leffeclNe April 2CQ81. th& Charibos Aa 2011 and r8quiremer%ts of the Ststent of ReCA)MTh PradirA."Accourfing Reporfuvj ty ChaFit%¥-. In¢(1rj R•Sr• Ail InrA)miTrJ Resourw are indLAYed in the statem01Farthl A¢¥iiswtsn Iha Ch•rts li enttsj toth¢ inLX)me and tho amount can be quanlffj with fea50nabkn acruraw. Expendlture i8 indudad ort an acuuaLs bas and has been da$$rf headiroB tti agjregate am relaled to the Gategory. Where costs ¢annol be irbtrtad to Palliolr heaysngs ha¥E been alkxated ort • basis consi$tsntwth th• use olwouf Taxatlon Th¢ Charty ox•mpt tax on ita th8rikql)* Fund A¢courthg Unre6trifaed funds can té In 8ccorfanc• wilh Ihochaitable ¢t4•dhns al th• dlwekn oltP•Tru81881. Re8tridgd funds Can •nty bg usad for partAll•r r¢slnded purpxeswdhin the obiedNas of the Chwty. Rqstitlon$ ar wh•n spe¢rfd bytho dor or fiJTrJs ar• for parbujlaf resln.rw purposes. All of the Sothtys funds ar• I1 lINos FuThts. 2022 2021 Rents re Dapostt 8¢¢OUnt Intth¥t 3.745 180 3.925 28 4.714
Solihull So¢iety of Arts Notss to the FTrnancial Stat•m•rtts forth•Y•arto 31 Ajt 2022 No remuneration orotherbenefi15 r8 paRI ¢0 Tw5tees in the Yeaito 31 2022. (2021 NI}. Exppnses of£2412021 £261 re ¢EfiJnded 10 TnJse5 in the w>J. 4. Dotrtor• 2022 2021 13.2e6 17.3&5 S. Credltorn: amounts tslllng d141th1 on•y••r 2022 2021 Ohr Credrtors 425 293 6. Alovem•n¢8 In Fund• At 311VII Komlng Rtsour¢M At 311W22 UnY••trFct•d Funds General Fund Art Sectioft Drama Section Lxal History Sedk)n Rte¢rded Music Cl0 Solihull or* Sta9• Sosage P9fAory Tot•1 Fund• 81.TJ2 6.011 427 32.865 912 27.K27 11.946 161.020 4.713 1,179 3.871 10.Q)2 822 84,768 4.808 10.321 28.896 60,739 838 27,771 5.345 185,013 .518 8.137 91.443 36.374 14,738 67,450