Solihull society.of Arts Report of the Trustees and Financial Statements for the Year Ended 31 Allgust 2023 Registered Charity Number 260027
Page I Solihull Soeiety of Arts Report of the Trustees For the Year ended 31 August 2023 The Truste¢s present their retM)rt with the fllNqnciaJ statements of the Chariiy for the year ended 31 August 2023. The Truste¢s have adopied the provisions of the Staiement of Recommended Practice (SORP) "'A¢counting and Reporting by Charities" issued in March 2005. R¢fereD¢e and AdmiDiStrntive D¢tsilJ Registered Charity Number 260027 Ptincipal Address: The Edge at Alderbrook Blossomfield Road Solihull West Midlands B91 ISN Trustees: A Moor¢ Mrs L Lang AKScott Independent Examiner: T J Hammond.. 38 Dene Hollow KÈngs Heath Binntngham B13 OEL Structur4 Governance and Management Governing Document: The Charity is controlled by its Governing DocumenL a Deed of Tn( and constitutes an unincoTpofdted Charity. Risk Management: The Trustees have a duty to identify and reieW the risks to Rthich the Charity is exposed and to ensure appropriate controls are in place to Pvide re&80nable assurance against fi7ud and error. Objeelives and Activities Objectives of the Charity The Society iv&s established in 1944 to foster the apprectatiorL impTovement and development of the Arts amongst the inhabit8Dts of the Borough of Solihull.
Page 2 Solihull Society of Arts Report of the Tnte¢S For the Year ended 31 August 2023 Objectives and Aclivtties - continued There are six swtions of the Society- Art Dram iA)cal History. Recorded Music. Solihull on Stage and its youth section, Sosage Faclory. Solihull on Stsge and Sosage Factory were preViOlY affiliatcd members becoming full m¢mb¢rs on I September 2015. Meetings and perforniances of the various sections are open to the public. norn]aily on payment of an admission charge. Members pay a subscription, part of which goes to the Society capitstion 8nd the tknce goes to the individual sections to which memlxrs subscrik. Activities of the Cbxrity During the year all sections have fully resumed norn activities. following restrictions arising from the Covid-19 pandemic. A number of sections meet in AlderbTook School. under the lernis of a l O year Partnership Agreement of 6 December 2002. as UFKlated by further Agreements dated 6 December 2012 and 6 December 2017. Under the Agreements the School would be due to repay to the Society the £270.000 which was originally advanced under the 2002 Agre¢menl, if they tenninated without agreeing a further renewal. This sum w&$ treated &s a grant when it was originally made in July 2003, and, consequently, does not appear in the accounts of the Society. Financial Review Reserves Policy The Sociely's policy is that unrestricted funds which have not been designated for a specific use should be mainlained at a level of at lea twelve months cxpenditure. The Trustees consider that Reserves at this level will ensure thaL in the event of a significant drop in funding, they will be able to continue the Chariiy's current activities wh21e consideration is gtven to ways of rdising additional funds. This level of funds h&s been maintained throughout the year. and at the Jear end the funds are well in excess of this level. The Trustees believe that futtwe commitments will utilise these excess Reserves. Financial PositioD The Society generated a surplus of £11035 in the year to 31 August 2023. (Surplus of £23,993 for the year to i l August 2022). ReserYe5 amounted to £197.048 at 31 August 2023 (£185.013 at 31 All8$t 2022). On Behalf of the Board: Trustee 8 November 2023
P2ge 3 Solihull Society of Arts Independent Examiner's Report To the Trustffs of Solihull Society of Arts I report on the Accounts of the Clwity for the Year ended 31 August 2023. which are set out on pages 4 to 7. Respective Respon5ibililles of Truste¢8 and Examiner The Charity's Trustees are responsible for the preparation of the A¢unts. The Charity's TnteeS consider that ).Audit is Dot required for the wiod under section 14412) of the Charities Act 2011 (the 201 l Act). and that an Independent Examination is needed. It is my responsibility to: examine the Accounts under section 145 of the 2011 ACL" follow the procedures laid do1 in the GeneraI Directions given by the Charity Conunission under section 145(5)0)) of the 2011 ACL and -qtste whether particular matters have come to m)1 allenlion. Basi8 of Independent Examiner's Report My Examination was carried out in accordance with the GeneraE 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 consideration of any unusual ilems 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 'nrue 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 Examinatioo no matter has come to my altention". l. which gives me asonable cause to believe that. in any material respecL the requirements: to ke¢p accounting records in accordance with section 130 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 Enet; or 2. to which, in my Opinio attentton shouId be in order to enable a understanding of the Accounts to be rea roper T J Hammond J8 Dene Hollow Kings Heath Birniingham Bli OEL 8 November 2023
Sdlhuu Society of Arf¥ Statam8nt of F(nancial Activlis forthe Yearto 31 AUgt2023 Yearto Y•artr iPJ2022 311812023 Furtds INCOAIING RESOURCES Incomiry R50urc8s from G•tla FUTh Voluntary Income Investment Ir4Jr 2,246 4,317 29.471 4,714 FurlkneTrnOfthe Arts Oth•r Incomlng R•8ow¢•• 81.115 690 56.575 Tol•t Incomlty R•*Our8 RESOiIRCES EXPENDa) charltaty AcMi88 FurtherBnc• olthe Arts Gov8rnan¢8 Costs 67.450 Totsl Resour Expendod INCOPIIIIG RESOURCES 11035 23.993 RECONCALIATIIJN OF FUNDS Total Funds Brouglrt Forw• 185.013 181.020 TOTAL FUNDS CARRIÉD FORWAPD 185013
Sollhull Society rrfAfts alanceShet as at 31 Awu5t 2023 3118r2023 JiMQ022 Funds CurrentAss•ts Debtors Cash al BBnk ¥r¥J in hand 10.092 188,326 198.418 13.2e6 172.172 185.438 Credttors: amryJnts lalltng d) oney•w 425 Nrt CuwTentAs• 197.048 185.013 197.048 185.013 Funds UnreslrKd Fund$ 197.048 185.013 Shor•holdern' Fynd% 197.048 185.013 TN8t8e
SolihulE SOOfAT15 Not•sto ts Ananc471 StateMts torthe Yearto 31 AUW 2023 l. Accoutllwig Pomclos Reporting Standard for SmalkrEntlEs (eld Aprd ZC1181. the Ch15 Ac¢ 2011 at¥J the wuirements oflhe All Incorniag Resourc48 8Tr Ir (n st8tern oIFlnano81 the Chaty i& legattyantiwtolha kn¢am8 and tho amount tan bequanliftd wah reasb •wJr8W. Expendrtur8 indudwj on ort acuUa basb and has teen ¢¥8sstsY that au9rtyate costs reLqtèl to th8 rAegory. Where (axts ¢8nnot te directty attrthw to parbrJJLqr Itw been amothd on a basL4 Tax#¢ The Chatty (s exemF4 frrffi t¥x on ils aLlr4lns. Unr88tr1cl8d funds can us•d kn •x¢rd•n¢èwllh the chwabkn(tydv•*S a¢lhe ollt•Tnthes. R851rirJ•d funds can +)nty bo ts¢od for 1ClIf reslricted purp03e5hlfft the ctyclrws ofth• choty. RoJtsidkn$ •rt8• All ol Sc¢Wglund¥ are curTerdty hehl FUTh 2. tn¥8sbnwt kncorn 2023 2022 Rents rfjc¢Ned Deposit a¢¢ount intwest 3.939 378 4.317 4.686 28 4.714
solo111 Society of Arts N¢)tes tothe Financlal StatwMen18 forth&Yearto 31 August 2023 Paa8 7 No r2Mtsneratit or othef benefits EE paKI toTrt Yearto 31 20a 12022 W. Expenses of£78 (2022 £241 lo Tru5tee5 Ihe pemd. 4. D8btorn 2023 2022 Olher Debtors 10.092 2022 Oth•r Cfedtiors 1.370 425 6. Movements In Fur At 3118ra2 In¢omlng R•sourres At 3118123 UttTr8lrlctod FuMIs Gener FurKI Art SeC1)n Drama SeCtn LorAI History Section Recorded Mu51c Ck¢ki Solihull on Stage SOS8ge F8£tory Total FundB 84.766 4.808 746 60.739 4240 4.972 12.rn 754 434 4.404 12.785 878 88.572 5,316 60,675 704 3t.813 9.301 797.048 27.771 44,559 40.517 16.891 76.333 16S.013