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TIIE IIAI'ERIIILL & DISTIUCT OPEILITIC SOCIF'TY CONTE,NTS OF THE Tr"INANCIAL STATE,IIENTS FOR TIIE I'EAR ENDED 31 DEC EIIBER 2024 P2ge Legal 2nd administrative information Report of the trustees Report of the independent examiner Receipts and p21 ments account Statement of 2ssetS 2nd liabilities otes formin2 Part of the fin2nci21 statements
TIIE Htll'ERIIILL & DISI"RICT OPERATIC SOCIII'Y LEGAL AN'D AD,IIINISI'RATII:r. I,N'F"()RIll,ITION FOR THE YEAR EliDED 31 DECEIllBEII 2024 .%lanagement committee (trustees) ,I'ame Clair Harvey Peter Dcdman Billy Fletclier Susan Donaldson Marie Smith Ice Chairperson Vice Chaimian Sccrctary Trcasurcr Safeguarding officcr Principle office 9 Monarch Close Haverhill Suffolk CB9 9QW Bankers Lloyds Bank plc 8 High Street Haverhill Suffolk CB9 8BA Independent examiner Jonathan Griffcy FCCA cfA Streets Hackett Griffey LLP Accountants & Business Advisors 31 High Street Havcrhill Suffolk CB9 8AD
'I"Iii,' 11,,11 I,'Iiiiii.i. &, 1)15 I111(, I, ()I'I,'II,I I IC. .(iUC'II,:"I'I' RLI'()11 I. ()i.' 1111,: I"Ill,',% I'l,:L b'()II"I'IIL I'LIKII L,N' I)LI) I11)I,'CI,.,IIIILII 2024 I'lie tnislcLS prcseiit Ilieir rLpc)rt nlonbTr Iiiiil) Ilic Iiiini)Lilll siniLiiiciilS ol. Il)L Llinrily (or Ilic ycar en(ILd 31 DccLiiII)Lr ?n14. Tlie fiiiilllL ial sl4ltLIllLllts l)ave l)Lci) i)rLI)afLd In ¢?CCC)1'(14111LC Wltli Ilic acL()Iinliiig poIIciLS set oiil on pnge 7 oiid Loii)ply Ivitli IIIL Lliiirity's c()Iisl Iiiil i()11 Iiiid npJ)l icnl)Ic1l1 W. C'()nslilulion und objects 'l)L clinrily Is govcniLd by a LC)IlStitiilioii 11(l()plLd 21 Jiily 1975 aiid is rckiislcrcd cli¢1rity niiiiibcr 269885. The obJLclS of IhL clicvlty orc to cdiiLu(c tlic piiblic 111 tlic dr¢l1111lllC ujid i)i)craiic iirls iiiid lo fiirtlicr tli dLvelopniLnt of piiblic appreciati()11 <iiid taste 11) tlicsc aris. OrRanis&lion Thc trustLLS who have served diiriiigi die ycar aiid sincc Ilie year-ciid arL sct oiit 011 p,ogyc 2. TnistLcs arc eleLied and SLrvc for onc )'LQ, r (lftcr il'liich pcriod tlicy Iiiay piit Iliciiisclvcs f()rwiir(I r()r rc¢lppoiJilincTII. The trustccs mcet at (hL nionthly coiiiiiiiltLe IIILetingJs, Rei'ieli of dei'elopiiieiil, acti% ilies aLhiei'enienls The chariry continucd Its noniial scliLdulc of prodiicing Iiigli qllc11ity enlcrtainincnt for Ilie pco[)IL of Havcrhill. F'inancial rei'ieiv l)ciails of reccipts and paynicnls arc shown on pagc 5. The charily is reliant on income from sliows, granis, donations, and fund raisiiig by oiir IiiLnibers. Thcrc arc no restrictions on the charity's power to invest. Floivevcr it is Ilic policy of tlic charity to invesl surplus funds in bank and building society dL'posits. Ileseri'es pojicy It Is thc policy of the charity to maintain unrcstriclcd funds, which llrc Ihc frce rcscrvcs of tlic chliriiy, at a levcl to providc sufficicnt funds to covLr tcinporary tiining diffLrcnccs of incoi)IC cind Lxpciidiliirc and to cover modcrate shortfalls. Risk mAnaEement Tlic major risks lo which the charily is cxposcd, as Idcntifjed by tliL trustccs Ii¢lVC bccn rcvicwcd and systcms havc been cstablishcd to miligatc thosc risks. Approved by the trustees on 30.....q.: 2 and Sikiiicd on tlieir l)eliulf by:
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TIIE Illll:ERIIILL & DISTRICT 01)F'llIl'l'lC SOCIE ry STATE,IIE,NT OF ASSETS AN'I) LlIlBILII'IES AS AI" 31 DECEIllBEII 2024 2024 2023 Cash funds Bank current account Cash in hand 13,638 10,301 13,638 10,301 Approi'ed b), the trustees on 30 q.2( and signed on their behalf by:
HAVERIIILL & DISTRICT OPERATIC,SOCIETY OTES FORMING PART OF TIIE F"INANCIAL STATEMENTS FOR TIIE YEAR ENDED 31 DECEIIIBER 2024 l. Principal accounting policies (a) Accounting convention The financial statements are prcparcd undcr the 'reccipts and payments, basis. In preparing th financ stateinents the cliarity follows best practices laid down in the Statement of Rccommended Practice "Accounling and Reporting by Charitics" (SORP 2005). (b) Ini'estment income Investment income is accounted for in the pcriod in which the charity is entitled to receive it. (c) Resources expended Expenditure is included on a reccipts and paymcnts basis and includcs attributablc VAT, which i irrccoverable (d) Tangible filed assets and depreciation The policy of the charity is not to capitalisc fixcd assets. (e) Grant income Grants, includin those for thc purchase of fixed asscts are recorded in full in the receipts and payments account (fj Voluntary income Donations arc recorded in full the receipts and payments account. (g) Fund accounting Unrestricted funds r without further sp ifie used for sp ifi char ed to the fund. ants, donations, and deposit interest, gencratcd for the charity and are available as a general fund. Restricted funds are to be own the don xpcnditurc that meets these criteria is 2. Staff costs No remuneration or benefits were paid or to any trustee or connected person during the year.