BROS THEATRE COMPANY
BROS
TFIFiATKF. COMPANY
BROS THEATRE COMPANY
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

BROS THEATRE COMPANY
ANNUAL REPORT OF THE COMMITTEE
FOR THE YEAR ENDED 31 JULY 2024
REFERENCE AND ADMINISTRATIVE DETAILS - TRUSTEES AND ADVISERS
BROS Theatre Company is a regist8red charity wrth the Charity Commission for England
and Wales (no. 269985).
The Committee for thé year ended 31 July 2024 comprised the following..
President..
Lottie Walker
Chairman:
Martin Wilcox (Trustee)
Secretary".
Deborah McDowell (Trustee)
Treasurer..
Elizabeth Brignall (Trusteel
Members..
Alexander McKinven Enrico Volpi
Emma Hartnett
Caroline Hayes
Juliet Manner6 Heather Sto¢kwell
Contact Details..
BROS Theatre Company
clo The Chair
67 Grasholm Way
Slough
Berkshire
SL3 8WF
Bankers:
HSBC
67 George Street
Richmond
Surrey
TW9 1HG
STRUCTURE GOVERNANCE and MANAGEMENT
BROS Theatre Company 'the Charity, is a members, club organised in accordance with its
adopted Rules under which the fflanagement of the Charity is vested in a Management
Committee comprising the officers ofthe Charity (Chair, Secretary and Treasurer), a Deputy
Chair (if elecled), and up to 6 other members. The Management Committee are all elected
annually bythe members ofthe Charity at an Annual General Meeting. Th8 Chair, Secretary
and Treasurer are Trustees of the Charity.
The Rules are for all intents and purposes treated as the document governing the operation
of the Charity. The Management Committe8 is responsible for furthering the charitable
objectives set out in the Rule5.
Although the officers of the Charity do not undergo any formal training as trustees of a
charity, they have access to advice in such matters online and from the Charity's
Independent examiner. All are aware of the legal obligalions of the Trustees.
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BROS THEATRE COMPANY
OBJECTIVES AND ACTIVITIES
The objectives of the Society are".
to educate the public in the operatic and dramatic arts,
to further the development of public appreciation and taste in the said arts, and
to assist and further such charitable institutions and charilable purposes as the
Committee shall from time to time determine.
During the year, the Society undertook productions. Calendar Girls and Seussical were
staged at Hampton Hill Theatre, High St. Hampton.
The trustees have reviewed the outcomes and achievernents of our objectives for the year,
to ensure that they remain focused on our charitable aims and continue to deliver benefits
to the public.
RISK POLICY
The Truslees annually review any risks to the Charity and have taken the necessary
measures to mitigate any possible risks.
RESERVES POLICY
The Committee has reviewed the reserves policy and this has remained consistent with the
prior year.
Analysis of a series of 'worst-case' s￿narioS has been carried out-, given the society's
regular programme of activity, the Committee believes that the Society should hold reserves
enough to cover the following=
The payment of all non-refundable expenses following the total fingncial loss of ticket
sales & other income from an average show at Richmond Theatre: _£60.0k.
The payment of all non-refundable expenses following the total financial loss of ticket
sales & other income from an average show at the Minack Theatre.. -£22.0k.
The payment of all non-refundable expenses following the total financial loss of ticket
sales & other income from an averago show at Hampton Hill Theatre= _£17.0k.
Six continuous months of general operating expenses for the Society.. -£3.0k.
Based on the above numbers, the Committee concludes thatthe Society should hold general
reserves of -£102k in order to commst to perform shows at Richmond Theatre combined
with two further shows booked at other venues.
FINANCIAL REVIEW
Theatrical Productions
The Financial Year to 31 Juty 2024 has been another successful year for the Society. The
Society staged two full scale productions, Calendar Girts at Hampton Hill Theatre in October
2023 and Seussical also at Hampton Hill Theatre in May 2024. Both were an artistic success
and were greatly enjoyed by our local audiences and our membership.
Given the higher costs of putting on productions, particularfy in relation to theatre and
rehearsal room hire, the committee agreed to provide a subsidy of £2,000 to both of the
Hampton Hill shows in the year to 31 July 2024. This was to ensure that production values
were maintained whilst limiting the increase in ticket prices. We are able to offer this subsidy
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BROS THEATRE COMPANY
due to the eX￿ptIOnal financial success achieved in the year to 31 July 2023 on both the
Richmond and Minack productions.
Calendar Girts was performed from the 14 to 18 November 2023 at Hampton Hill Theatre,
having been postponed by a year to due to the rescheduling of The Addams Family at
Richmond Theatre to Autumn 2022. The show was a great success and very much enjoyed
by audiences and cast members. The show was fully sold before opening night and made a
profit of £2,441. The show's success was also reflected in three nomination5 for the Arts
Richmond Swan Awards, including Best Supporting Performer in a Musical in a Female role.
Best Supporting Performer in a Musical in a Male role and Best Music21 Production.
Calendar Girls also received the NODA Flame Award for District 3 for 'lnspirational
Contribution to the Pursuit of Excellenc8 in Theatr8 and Enhancement of the overall
Theatrical experi8nce'.
Seussic81 was performed from 21 to 25 May 2024 also at Hampton Hill Theatre. The show
attracted a younger company and we were delighted that 10 new cast members joined the
society. Being a lesser known show ticket sales were slower and ultimately 650/0 of tickets
were sold resulting in a loss of £2,807. This rnagical and vibrant produclion was a great
artistic success and hugely enjoyed by audiences, the cast and our membership.
The combined shows made a small loss of £366 and this should be seen in the context of
the budg&led loss of £4,000 (£2,000 for each show) as detailed above.
Othar Activitles
In addition to the staging the productions above BROS has also undertaken numerous other
activities=
BROS Academy workshops..
Fay8 Brann has r&energised the BROS Academy this year by offering an increased
number of varied Academy sessions, both as an opportunity to attract new memb8rs
and offer a means of engagement for those not actively involved in productions.
Academy events included Dan￿ workshops with Stephie Birtig and Gemma
Mehuish., A Capella singing with Hannah May Lucas.. Exploring Stagecraft with Paul
Madeley., Audttion Technique with Nikki Gerard; Discussion on Pitching a BROS
show.. and the very Big Sunday sing of the Pirates of Penzance with Chris Nash.
These events were well altended and enjoyed by members, while providing an
opportunity for members and non-members to enhance performance skills in
between shows. Thank you to Faye and to everyone for running these Academy
sessions.
Social events..
We were once again invited sing Christmas Carols by the OSO at the Barnes
Christmas Festival on Friday 8 December 2023. Lots of members joined for this
joyous occasion lead by Janet Simpson. This was followed by a Christmas Curry, at
the Haweli restaurant in Barnes which provided an opportunity for members old and
new to gel together and celebrate.
The Broscars Awards took place on 3 February 2024 at the Normansfield Theatre, a
beautiful venue which supports children with Downs Syndrome. Organised by Louise
Ellard Turnbull and Juliet Manners it was a glorious sparkling evening with singing,
entertainment, lots of laughter, awards and dancing.
Summer drinks were held at the Hare and Hounds in East Sheen on 30 August 2024
to get members together at the end of the summer holidays.
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BROS THEATRE COMPANY
Theatre trips included Crazy For You on 20 September 2023 at the Gillian Lynne
Theatre and Kiss Me Kate on 18 July 2024 at The Barbican.
Memborship
At last year's AGM it was agreed to introduce new bands of membership. Full members for
those participating in shows and Academy events pay £30 annual membership, and Resting
members pay an annual membership of £20. This has resulted in a small increase in
Membership fees in the year and we expect a further uplift in FY25 as many renewals tske
place after the year end in October. Membership numbers have held fairly steady at around
138 {FY23: 1401, with cancellations from former members broadly matched by new
members joining.
Charitable donation
Our most frequently used theatre venue, Hampton Hill Theatre, is now 25 years old and
currently undertaking fundraising for the maintenance and upgrade of the theatre. The
Committee agreed to make a donation from the Society's funds in FY24 of £5,510 providing
halfof a new lighting desk. We chose to make this donation to support Hampton Hill Theatre
following the excepiional financial success achieved in the year to 31 July 2023 on both the
Richmond and Minack productions. This donation is in accordance with our objective to
asslst other charitable institutions.
Club 24
Club 24 income has increased slightly during the year due to a number of new members.
Several numbers are available to purchase and we are seeking new Club 24 members for
these.
Summary of Other Income and Expenditure
Income for the year has been significantly enhanced by an increase in inlerest receivable
on funds held in savings accounts due both to the larger amount of funds held and the
relatively high interest rates, which has supported the increase in costs as detailed below.
The operating expenses for the Society have risen in the year primarily due to increased
expenditure on our website and the planned provision of a larger number of Academy
events. This was partially offset by lower storage costs following a move to a new storage
provider, Big Yellow, for our costumes, props and music stands. Other expenses have held
fairly steady. with inflationary increas8s.
End of year position
The Society concluded the Financial Year for FY24 with a loss of £3,287 (FY23: gain
£41,799). We note that prior lo our one-off charitable donation, a gain of £2,223 would have
been achieved for the year. The small loss on productions was £366 (FY23'. profit £41.791)
and total net assets amounted to £145,886 (FY23'. £149,173). The trustees consider that
the society remains in a strong financial position.
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BROS THEATRE COMPANY
CHAIRMAN'S REPORT ON PLANS FOR THE FUTUR
The Society intends to put on three productions in FY25=
Soho Cinders, Hampton Hill Theatre in Nov 2024
The Kids Left. The Dog Died. Now What? OSO Barnes in February 2025
Company, Hampton Hill Theatre in July 2025
'Soho Cinders, was the second of the shows to be confirmed by the 2022-23 Committee
and 'The Kids Left. Th8 Dog Died. Now What? and 'Company' have been confirmed by
the current Committee.
We have perfomwnc8 dates secured for both Richmond Theatre {Feb 2026) and Minack
(Aug 2026} and plan to have the productions confirmed by November 2024 and February
2025 respectively. Thereafter, we are considering plans for a three-year cycle of
productions from 2027 onwards which will include performances at Richmond Theatre,
Minack, Hampton Hill and the OSO.
With our EDI Policy & Statement signed-off this year, tho Committee is now considering
options to make our productions more inclusive. not just for Members, but also our
audiences. We are willing to use the Societies, funds to achieve this, rather than
increasing the pressure on production budgets.
We are continuing to invest in necessary updates to our websile, including a number of
'back-end' requirements. This is essential for us to operate efficiently as a Society,
maintain easy-to-see archives and lo present well to potential new members and the publi
generally.
Under the supervision of Faye Brann, the Committee continues to invest funds in a
programme of BROS Academy sessions. We recognise that the Academy offers a way of
engaging our Members with performance and educational workshops as well as an
effective way of attracting new members.
Ir) efforts to continue to attract and increase audience numbers, marketing remaiT%S a key
part of our future success. We will maintain the consistently high standards of materials
and approach introduced over recent years with a dedicated marketing resour¢8 for each
production.
We remain focussed on production budgets - especially with increases to many
expenditure items. As wilh the last Financial Year, the Committee has agreed to use part
of the extra-ordinary profit generated in FY23 to subsidise limited losses on productions in
the smaller venues we use, balancing increased costs with acceptable ticket prices for
Members and supporters.
Careful financial management will allow BROS TC to enjoy putting on quality productions
with the high standards and production values we have become known for. We continue
to work with shorter rehearsal periods for our productions at Hampton Hill, and now the
OSO, to help manage fixed costs alongside fees for musicians, rehearsal pianists and
MDS in line with other local Societies.
The Committee and I will continue to work on a varied programme of productions (in terms
of style and size} alongside opportunities to learn and have fun, with an aim to increase and
diversify our membership.
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BROS THEATRE COMPANY
TRUSTEES, RESPONSIBILITIES STATEMENT
The trustees are responsible for preparing the Trustees, Annual Report and the financial
statements in accordan￿ with applicable law and United Kingdom Accounting Standards
{United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare
financial statements for each financial year which give a Irue and fair view of the state of
affairs of the charity and of the incoming resources and application of resources of the charity
for that period. In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistentty.
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with
reasonable accuracy al any time the financial position of th8 charity and enable them to
ensure that the financial ststements comply with the Charities Act 2011, the Charity
(Accounts and R6POrts} Regulations 2008 and Ihe provisions of the trust deed. They are
a150 responsible for safeguarding the assets of the charity and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on
2024,
and signed on their
half b
Martin Wilcox
Trustee
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BROS THEATRE COMPANY
INDEPENDENT EXAMINER'S REPORT
TO THE MEMBERS OF BROS THEATRE COMPANY
I report to the trustees on my examination of the accounts of BROS
Theatre Company in South West London for the year ended 31¥1 July
2024.
Rosponslbllltlog and basis of report
As the charity trustees of the Society you are responsible for the
preparation of the accounts in accordance with the requirements of the
Charitie5 Act 2011 (the Act).
I report in respect ofmy examination ofthe Society's accounts as required
under section 145 of the 2011 Act and in carrying out my examination I
have followed all the applicable Directions given by the Charity
Commission under section 145{5Kb) of th8 Act.
Indepondent examiner's $tatoment
I have completed my examination. I confirm that no matters have come
to my attention in connection with the examination giving me cause to
believe that in any material respect..
1. Accounting records were not kept in respect of the Society as requir8d
by section 130 of the Act., or
2. That the accounts do not accord with those records,. or
3. That account do not compty with the applicable requirements
concerning the form and content of accounts set out in the Charilies
(Accounts and Reports) Regulations 2008 other than the requirement
thal the accounts give a 'true and fair view, which is not a matter
considered as part of an independent examination.
I have no con￿rnS and have come across no other matters in connection
with the examination to which attention should be drawn in this report in
order to enable a proper understanding of the accounts to be reached.
Mrs. Christine Asirwatham BA, CMA, CPA
263 Croydon Road
Wallington
Surrey
SM6 7LR
Date..
024
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BROS THEATRE COMPANY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 JULY 2024
Unrestrictsd Funds
Total Funds
2024
2023
2024
2023
INCOME
Income from Charitable acttvities..
Donations, Legacies & Subscriptions
Operating Activities of the Charity
Investment Income
Other Incoming Resources
TOTAL INCOME
3,355
3,308
39,459 149,687
4.893
1,643
5,969
5,600
160.238
3,355
3,308
39,459 149.687
4,893
1,643
5,969
5,600
53,676
160,238
EXPENDITURE
Activities in Furtherance of Objectives
Support Costs for Above Activities
TOTAL EXPENDITURE
50,549 112,071
6,414
6,368
56,963
118,439
50,549 112.071
6,414
6,368
118.439
NET INCOMEI(EXPENDITURE)
(3.287)
41.799
(3,2871
41,799
RECONCILIATON OF FUNDS
FUND BALANCE BROUGHT FORWARD 149,173 107,374
149,173 107,374
FUND BALANCE CARRIED FORWARD
145,886
149,173
145.886
149,173
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BROS THEATRE COMPANY
BALANCE SHEET
AS AT 31 JULY 2024
2024
2023
FIXED ASSETS (Note 2)
Fixtures, fittings & equipment
280
502
280
502
CURRENT ASSETS
Debtors and prepayments
Bank current account (Club 24)
Bank current account
Bank deposit account
95 day savings account
180 day savings account
PayPal
5,251
311
1,951
33,987
55.080
50,000
318
4,625
491
2,259
89,762
52,953
703
146,898
150,793
LESS . CURRENT LIABILITIES
Creditors and advance receipts
(1,292)
(2,122)
NET ASSETS
145,886
149,173
THE CHARITY'S FUND
UNRESTRICTED FUNDS
Balance blf as at 151 August 2023
Retained surplus l (deficit) for the year
149,173
3,287
145,886
107,374
41,799
149,173
st
Balance clf as at 31 July 2024
Approved by the Trustees on
and signed on thèir behalf by..
Ipert ty
Elizabeth Brignall
Trustee
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BROS THEATRE COMPANY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2024
NOTE 1- ACCOUNTING POLICIES
Basis of Preparation of the Accounts
The accounts (financial statements) have been prepared in accordance with Accounting
and Reporting by Charities.. Statement of Recommended Practice applicable to Charities
preparing their accounts in accordance with the Financi81 Reporting Standard applicable in
the United Kingdom and Republic of Ireland (FRS 102) (effective January 2015) and the
Charities Act 2011 and applicable regulations.
The accounts have been prepared under the historical cost convention with items
recognised at cost or transaction value unEess otheThYise staled in the notes to the
accounts
Income and Expenditure
Income and expenditure relating to a production is included in the accounts for the year in
which the show is performed. Any income or expenses relating lo future productions are
treated as advan￿ re￿ipts or prepayments on the balance sheet, and not shown in tha
income and expenditure account until the year of the show.
Income from membership fe8s is included in the accounts for the year in which the
subscription period commences, and income from Club 24 subscriptions and donations are
included in the accounts on a receipt's basis.
Other income, such as interest receivable, is recognised when the income is earned. Other
costs. such as the costs of running the society, are recognised as they are incurred.
Tangible Fixed A88ets
Depreciation is provided at the following rates:
Fixtures, fittings and equipment_ 25010 reducing balance basis
Significant items purchased by the Society are included on the balanc6 sheet as "fixed
assets. and then written-off over their expected useful life. This depreciation charge is
charged to the income and expenditure a￿oUnt each year, until the whole cost has been
written-off.
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BROS THEATRE COMPANY
NOTE 2- TANGIBLE FIXED ASSETS
Fixtures, Fittings and
Equipment
Total
Cost
At 1 August 2023
Additions
Disposals I Write offs
At 31 July 2024
13,134
13,134
(1,008)
12,126
{1,0081
12,126
Depreciation
At 1 August 2023
Current year depre¢iation
Disposals I Writes offs
At 31 July 2024
12,632
222
(1,008)
11,846
12,632
222
(1,008)
11,846
Net book value ¢arrled
fonvard
280
280
Net book v8lu8 bmught
forward
502
502
NOTE 3- DISCLOSURES
Trustee Remuneratlon
None of the trustees received any remuneration during the year, nor did they claim any
expenses.
Independent Examiner Fees
The independent examiner (Christine Asirwatham) agreed to work on a pro bono basis for
services in FY24 (FY23= £0).
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