## EXETER MUSICAL SOCIETY 

TRUSTEES REPORT FOR THE YEAR TO 30 JUNE 2024 

This year the Committee voted to stage the Rogers & Hammerstein Musical Carousel. 

Casting began in November and rehearsals started in earnest in December. 

Despite a wonderful, talented and engaged cast the audience numbers were disappointing resulting in an overall loss of £23,288. 

Looking to the future, the Committee is concerned about the financial position of the Society and has decided to take a break from staging productions and concentrate on fundraising activities. 

Trustee: Tina Blaker 

Date: 15th July 2024 



## **EXETER MUSICAL SOCIETY** 

## **STATEMENT of ACCOUNTS** 

## **YEAR END TO 30/06/2024** 

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## **EXETER MUSICAL SOCIETY** 

## ACCOUNTS YEAR END TO 30/06/2024 

## CONTENTS: 

EXAMINER’S REPORT Page 3 BALANCE SHEET Page 4 GENERAL INCOME & EXPENDITURE Page 5 NOTES Page 6 

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## **EXETER MUSICAL SOCIETY 2024** EXAMINER’S REPORT: 

_I have examined the financial statements and notes to the accounts on the following pages.  From the information supplied, in my opinion the financial statements show a true and fair view of the state of financial affairs of the Exeter Musical Society as at the 30[th] June 2024 and of the loss for the period ended on that date._ 

…Tony Macan………………………….. Dated:      15/7/2024 

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## **EXETER MUSICAL SOCIETY** 

## – BALANCE SHEET YEAR END 30/06/2024 

||_Notes_2024**2023**|_Notes_2024**2023**|
|---|---|---|
|**FIXED ASSETS**||£**£**|
|Radio Mics|_3_0           1,367||
|**CURRENT ASSETS**|||
|National Westminster Bank||48,150       63,236|
|**TOTAL CURRENT ASSETS**<br>**48,150   63,236**|||
|**DEBTORS & PREPAYMENTS**|||
|Gift aid & deposits<br> <br>_4_1,844         8,079|||
|**LESS CREDITORS & DEFERRED INCOME** _5_ **-600** 0|||
|**TOTAL NET ASSETS**||**49,394**  **72,682**|
|**GENERAL FUND**|||
|Balance at beginning of year||72,682        77,264|
|General Fund||-23,288         -4,582|
|**BALANCE AT YEAR END**||**49,394**  **72,682**|



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## **EXETER MUSICAL SOCIETY GENERAL INCOME & EXPENDITURE ACCOUNT YEAR END TO 30/06/2024** 

|**2024** <br>**INCOME                                                                                    £**<br>Show Income<br>49,259<br>Subscriptions/Donations from members                      3,375<br>Interest Received<br>713<br>Refund Rights deposit (Shrek, 9 to 5)<br>0<br>Income from Rental of Radio Mics                                   695<br> **54,042**<br>**EXPENDITURE**<br>Show Expenditure<br> <br>73,989<br>Stationery, Postage, Printing                                                  40<br>Noda Subscription                                                                  245<br>Insurance                                                                                 449<br>Depreciation                                                                          1,367<br>IT Expenses                                                                               586<br>Meeting room hire<br>0<br>Other Expenses<br>654<br>  **77,330** <br>TOTAL **-23,288 **|**2023**<br>**£**<br>152,628<br>5,070<br>130<br>0<br>1,235<br> **159,063**<br>161,143<br>138<br>230<br>596<br>702<br>194<br>50<br>592<br>  **163,645**<br> **-4,582**|
|---|---|



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## **EXETER MUSICAL SOCIETY** 

## **1  ACCOUNTING POLICIES** 

## **1.1 Accounting convention** 

The financial Statements are prepared under the historic cost convention. 

## **1.2 Investment Income** 

Investment income is accounted for on the basis of cash received. 

## **1.3 Depreciation** 

The radio mics , being obsolete, have been fully written off in the year. **1.4 Membership Fees** Membership fees are accounted for when cash received. 

## **2  OPERATING SURPLUS/DEFICIT** 

Operating loss (2024) is stated after charging depreciation of Radio Mics at £1,367 

## **3  TANGIBLE ASSETS** 

Radio Mics – 

|Total Cost up to 2024|£22,574|
|---|---|
|Depreciation up to 2023|(£21,207)|
|Depreciation 2024|(£1,367)|
|Net Book Value at 30/06/2024**£NIL**||
|**4  DEBTORS & PREPAYMENTS**||
|Deposits re future productions<br>£750||
|Insurance<br>£621||
|Gift Aid Due from HMRC<br>£473||
|**Total Debtors & prepayments**|**£1,844**|
|**5  CREDITORS & DEFERRED INCOME**||
|Production of 2025 Show<br>£550||
|Score Deposits not returned<br>£50||
|**Total Creditors & Deferred Income**<br>**£600**||



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## **EXETER MUSICAL SOCIETY** 

## **STATEMENT of ACCOUNTS** 

## **YEAR END TO 30/06/2024** 

1 



## **EXETER MUSICAL SOCIETY** 

## ACCOUNTS YEAR END TO 30/06/2024 

## CONTENTS: 

EXAMINER’S REPORT Page 3 BALANCE SHEET Page 4 GENERAL INCOME & EXPENDITURE Page 5 NOTES Page 6 

2 



## **EXETER MUSICAL SOCIETY 2024** EXAMINER’S REPORT: 

_I have examined the financial statements and notes to the accounts on the following pages.  From the information supplied, in my opinion the financial statements show a true and fair view of the state of financial affairs of the Exeter Musical Society as at the 30[th] June 2024 and of the loss for the period ended on that date._ 

…Tony Macan………………………….. Dated:      15/7/2024 

3 



## **EXETER MUSICAL SOCIETY** 

## – BALANCE SHEET YEAR END 30/06/2024 

||_Notes_2024**2023**|_Notes_2024**2023**|
|---|---|---|
|**FIXED ASSETS**||£**£**|
|Radio Mics|_3_0           1,367||
|**CURRENT ASSETS**|||
|National Westminster Bank||48,150       63,236|
|**TOTAL CURRENT ASSETS**<br>**48,150   63,236**|||
|**DEBTORS & PREPAYMENTS**|||
|Gift aid & deposits<br> <br>_4_1,844         8,079|||
|**LESS CREDITORS & DEFERRED INCOME** _5_ **-600** 0|||
|**TOTAL NET ASSETS**||**49,394**  **72,682**|
|**GENERAL FUND**|||
|Balance at beginning of year||72,682        77,264|
|General Fund||-23,288         -4,582|
|**BALANCE AT YEAR END**||**49,394**  **72,682**|



4 



## **EXETER MUSICAL SOCIETY GENERAL INCOME & EXPENDITURE ACCOUNT YEAR END TO 30/06/2024** 

|**2024** <br>**INCOME                                                                                    £**<br>Show Income<br>49,259<br>Subscriptions/Donations from members                      3,375<br>Interest Received<br>713<br>Refund Rights deposit (Shrek, 9 to 5)<br>0<br>Income from Rental of Radio Mics                                   695<br> **54,042**<br>**EXPENDITURE**<br>Show Expenditure<br> <br>73,989<br>Stationery, Postage, Printing                                                  40<br>Noda Subscription                                                                  245<br>Insurance                                                                                 449<br>Depreciation                                                                          1,367<br>IT Expenses                                                                               586<br>Meeting room hire<br>0<br>Other Expenses<br>654<br>  **77,330** <br>TOTAL **-23,288 **|**2023**<br>**£**<br>152,628<br>5,070<br>130<br>0<br>1,235<br> **159,063**<br>161,143<br>138<br>230<br>596<br>702<br>194<br>50<br>592<br>  **163,645**<br> **-4,582**|
|---|---|



5 



## **EXETER MUSICAL SOCIETY** 

## **1  ACCOUNTING POLICIES** 

## **1.1 Accounting convention** 

The financial Statements are prepared under the historic cost convention. 

## **1.2 Investment Income** 

Investment income is accounted for on the basis of cash received. 

## **1.3 Depreciation** 

The radio mics , being obsolete, have been fully written off in the year. **1.4 Membership Fees** Membership fees are accounted for when cash received. 

## **2  OPERATING SURPLUS/DEFICIT** 

Operating loss (2024) is stated after charging depreciation of Radio Mics at £1,367 

## **3  TANGIBLE ASSETS** 

Radio Mics – 

|Total Cost up to 2024|£22,574|
|---|---|
|Depreciation up to 2023|(£21,207)|
|Depreciation 2024|(£1,367)|
|Net Book Value at 30/06/2024**£NIL**||
|**4  DEBTORS & PREPAYMENTS**||
|Deposits re future productions<br>£750||
|Insurance<br>£621||
|Gift Aid Due from HMRC<br>£473||
|**Total Debtors & prepayments**|**£1,844**|
|**5  CREDITORS & DEFERRED INCOME**||
|Production of 2025 Show<br>£550||
|Score Deposits not returned<br>£50||
|**Total Creditors & Deferred Income**<br>**£600**||



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