Solihllll Society of Arts Report of the Trustees and Financial Statements for the Year Ended 31 August 2024 Registered Charity Number 260027
Page I Solihull Soeiety of Arts Report of the Trustees For the YeAr ended 31 August 2024 The Trnstees present their report with the financial statements of the Charity for the yeaT ended 31 August 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Clwities" issued in March 2005. Reference and Administrative Details Regisfrred Charity Nutn 260027 Principal AddTess: The Edge at AldeTbtook Blossomfield Road Solihull West Midlands B91 ISN Trustees". A Moore Mrs L Lang AKScott Independent Examiner: T J Hatnmond 38 Dene Hollow Kings Heath Birn)ingham B13 OEL Strncthre, Governance and Management Governing Document: The Charity is controlled by its Governing DocumenL a De¢d of Trust, and constitutes an unincoryraIed chaTity. Risk MaD2gement: The Trustees have a duty to identify and review the risks to which the Charlty is exposed and to ensure approprtate CODtrols are in place to provide re&soDabl¢ assurauce against frdud and em)r. Objectfves and Aclivlties Objectives of the Charity The Society was established in 1944 to foster the appr¢ciatiow improvement and development of the Arts amongst the iDbabitants of the Borough of Solihull.
P4e2 Solihull Society of Arts Report of tbe Trnstees For the Year ended 31 AlWt 2024 Obje¢tiv¢s and Artivities - continued There are six sections of the S(lety- ATL Drn4 Local History. Recorded Music. Solibull on Stage and its youth Sectio Sosage Factory. &)lihull on Stage and Sosage Factory were previously affiliated iCOming full members on I September 2015. Meetings and trfornwfftces of the vario$ sections are open to the public. norn]ally on payment of an admission chargc. Members pay a subscriptio part of which goes to the Society capitation and the balance goes to the individual sections to which members subscribe. Activits¢s of th¢ Charity During the year the activities of two trforn]ing arts sertions. Solihull on Stage and Sosage Factory. have been restricied by the Closure of the Core Theatre in Solihull. A numiw of sections meet in Alderbrook Sch(M)L under the tern of a 10 year Partnership Agreement of 6 December 21K)2. &$ updated by further Agrefflnents dated 6 December 2012 and 6 1)ecember 2017. Under the Agreements Ihe School would be due to repay to the S(Kiety the £270.(W which Wds OnlY advaDeed Und the 2002 AgreemenL if th¢y termina*d without agreeing a fi]rther renewal. This sum was treated as a grant when it w&$ origina]ly made in July ?(X)3. anl ¢onsequently. does not appear in the accounts of the Society. Financial Reiqr Reserves Policy The Society"s policy is that unrestricted funds whieh have not been designated for a SplfiC use should be maintained at a level of at lea81 twelve months, expenditure. The Trustees Consider that Reserves at this level will ensure thaL in the event of a $i1ficant drop in fundin& they will be able to eontinue the Charity s current activities while consideration is given to ways of raising addition21 fids. ThÉs level of funds h&q ken maintained throughout the year, and at the year end the funds are well in excess of this level. The TnLSttts klieve that firture commitments will utilise these exce&$ Reserves. FIDancial Posilion Th¢ Society generdted a SUTplus of £1 l 289 in the Y to 31 Augusi 2024. (Surplus of £12.035 for the year to 31 August 2023). Reserv&8 aMou[tt to £208337 at 31 August 2024 (£197,048 at 31 August 202J). On Behalf of the Board: TnLStee 6 November 2024
P*ge 3 Solihull SKiety of Arts IDdepeDdent Examiner's Report To the Ttee% of Sobhnll Society of Art¥ I rewirt on the Accounts of the Charity for the Year 31 August 2024. wthich set out on pages 4 to 7. Respective Responsibilit of Trustees and EXniller The Charity's Trustees are restKJnsible for the preparntion of the Accounts. The ChaTity's TnL8tees consider that an Audit is not required for the period under section 144(2) of the Cl]arities Act 2011 (the 2011 Act). and that an IndeFaent Exatnination is needed. It is my resp)nsibility to: examine the Accounts under sectton 145 of the 2011 Act; follow the procedures laid down in the General Directions given by the ClJaTity Commission under section 145(5)0)) of the 2011 ACL and state Wheth particular matters have come to my attention. Basis of Independent EumiD¢r's Report My Examination w&8 Wtied out in accordanee with the General D1ctiOnS given by the Charity Commission. An ExaMInOn includes a Thiew of the accounting record8 kept by the Cbarity and a comparison of the Accounts presented with those records. It aIso includes Consideration of any unuat itenL8 or disclosures in the Accoun and seeking explanations from you &$ TnL8tees wncernkng any such matters. The procedures undekn do not provide all the evidence that would be wuired in an audit and consequerttly no opinion is given as to whether th¢ Accounts present a'lrue and fair vIe, and the Report is Itn)ited to those Matt set out in the Ststement below. Independent Examiller's Statement In connection with my Exami7t10 llo nwter has come to my attention: . which gives me reasonable cause to believe thal in any matrrial respecL the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare Accounts which accord with the &couDting records and comply with the accounting requirements of the 2011 Act have not been met- or 2. to which, in my opiniorL attention should be drawn in order to enable a proper understanding of the Accoums to be reached. T J HaTnmond 38 Dene Hollow Kings Heath B13 OF.L 6 November 2024
Sollhull SwJetyArt$ Statement of Fjnanckl Actl¥id•s forthe Year to 31 Au9U•t2024 Yearb> 311rn24 Yeto 311812023 Futkls INCOMING RESOURCES In¢omlng Re50urn from fn•ratwJ Fund¥ Voluntary IBcomo Inveskneftt In(x)me 1.205 7.715 2248 4,317 Furthelan ofthèA .576 618 81,115 Total In¢omlng Resources 4Q114 RESOURCES EXPENDED Charitable AGtivkties Furthe oflhe 34.825 Total Restyjrcts Expertded 76.333 NEfiNCOIIING RESOURCES 1103S RECONCIUATION OF FUNDS 197.048 185,013 TOTAL FUNDS CARRIED FORWARD
Solllwll S0¢1oty of Ats Bajance Sheet as •t 31 August 2024 311&r2024 Fwids Debtors Cash at Bank 8nd M haThJ 12.592 f96.375 208.967 10.092 188.326 198.418 Credrtfj amounts falkng dtse 1,370 3)8.337 197,048 208,337 197.048 Ftsnts Unrest Funds 18.337 197,018 208.337 197.048
hull sO¢ty dArfs forth•Y•arto 31 AUgt2024 I. AcAwiiikng Pol Reporting Standarf for Srnalter Entths leffetlwe 41ri12tX)81. thg ChaniwAo12011 aTrJ IMornlng Rg$our$ All Incoming Resour are TrK4¢Kd in the Slatwfth Chartyis S) the ExpeTryitu 15 irKlud8d OTr an a¢auaL basis has da58ifJ underheadvy that 4grBgg a4 ccsts rethtsd to AU ofthe Sotsgtys funds ar?ryBntyt Fur* Ronts )stt a(t4)unt inteTrst 378 4.317 7,775
Solihull Soci•ty of Art Notes to the FinC Stai8fflerts forth• Ywto31 AhW2024 No rEmurwation orc4herberthswere paid toTrustees irt the Yearto 31 AJ12O24. (2023 NIT). Expense8 of £2712023 £781 re refvnde¢J to Tru888 thè [. Debto 2024 2023 2024 2023 1.370 6. IAobrments in FUNJS At 311&V13 Irwming R8sourc•B At 3118124 General Fur Art Section Drarna Sec"o Local History Seth Reg)rded MUS C¥de Solihull on Stag8 Sosage Factory Total Fund5 6.146 5.252 13.890 2.150 93,983 6.566 2.260 61.943 431 31.030 5.316 ,675 704 33,813 9.301 197.048 459 5.3S8 11.0¥2 34.825 4,575 13J15 46.114 208.337