BROS THEATRE COMPANY BROS BROS THEATRE COMPANY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025
BROS THEATRE COMPANY ANNUAL REPORT OF THE COMMITTEE FOR THE YEAR ENDED 31 JULY 2025 REFERENCE ND ADMINISTRATIVE DETAILS - TRUSTEES AND ADVISERS BROS Th•atr• Company is a registered charty wsth the Charity Commission for England and Wales (no. 269985). The Commirtee for the year ended 31 July 2025 comprised the following.. President.. Lottie Walker Chainnan.. Martin Wilcox (Trustee) Secretary.. Deborah McDowell (Trustee) Treasurer.. Elizabeth Brignall (Trust88) Members.. Jennifef Moorhead Kerry MwJee Helen Shore Caroline Hayes Al8x McKinven Contact Details.. BROS Theatre Company do 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 management of the Charity is vested in a Management Committee comprising the officers of the Charity (Chair, Secretary and Treasurer), a Deputy Chair (if elected), and up to 6 other members. The Management Committee are all elected annualw by the members ofthe Charity at an Annual General Meeting. The Chair, Secretary and Treasurer ar8 Tnjstees of the Charity. The Rules are for all intents and purFoses treated as the document governing thé operation of the Charity. The Management Committee is responsible for furthering the charitable objectNes set out in the Rules. Although the officers of the Charity do not undergo any fomial training as trustee5 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 obligations of the Trustees. Charty Commission Accounts Page 1
BROS THEATRE COMPANY OBJECTIVES AND ACTIVITIES The objectives of the Society are: to educate the public in the operatic and dramatic arts. lo further the development of public appreciation and tast8 in the said arts. and to assist and further such chantable institutions and chartiable purposes as the Committee shall from time to time determine. During the year, the Society undertook three productions. Soho cinde and Companywere staged at Hampton Hill Thealre, High St. Hampton. and The KS Left The Dog Died. Now What? was staged at the OSO in Barnes. The trustees have reviewed the outcomes and achievements 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 Trustees annually review any risks to the Charity and have taken the necessary measures to rnitigate any possible risks. RESERVES POLICY The Commtttee has reviewed the reseNes policy and this has remained consistent with the prior year. Analysis of a series of 'yrSt-case, na[loS has been carried out., given the society's regular programme of activity, the Committee believes that the Sociéty should hold reserves enough to cover the following.. The payment of all non-refundable expenses following the total financial loss of ticket sales & other income from an average show at Richmond Theatre.. -£80k. 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.. -£25k. The payment of all non-refundable expenses following the total financial loss of ticket sales & other income from an average show at Hampton Hill Theatre.. -£20k. Based on the above numbers, the Comrnittee concludes that the Society should hold general reserve$ of 4125k in order to comrnit to pèrform shows at Richmond Theatre combined with two further shows Lhxsked at other venues. FINANCIAL REVIEW Theatrical Productions The Financial Year to 31 July 2025 has been another SueSSfUl year for the Society. The Society staged three full Scale productions, Soho Cinders at Hampton Hill Theatre in November 2024, The dS Lelt. The Dog Died. Now Wh8t? at the OSO in Barnes in February 2025 and Company back at Hampton Hill Thealre in July 2025. All three shtJvs were an artistic success and were 9atlY enjoyed by our local audiences and our membership. Given the higher costs of putting on productions. particularly in relalion lo Iheatre and rehearsal room hire, the committee agreed to provide a subsidy of £2,000 to both of Ihe Hampton Hill shows in the year to 31 July 2025 and a £1.000 subsidy to the smaller show Charty Commission Arxounts Page 2
BROS ThEATRE COMPANY at the OSO. This was to ensure that production values were maintained whilst limiting the increase in tioket prices. We have been able to offer this subsidy lo support these shows in Smaller venues due to the exceptional financial success achieved in the year to 31 July 2023 on both the Richmond and Minack productions. Soho Cinders was performed from the 12 to 16 November 2024 at Hampton Hill Theatre. The show was a fabulous celebration of all things Soho with wonderful performances and this joyous production wa5 very much enjoyed by audiences and cast members. The show sold 71°A of the available tickets. and combined with good management of costs rnade a very small loss of£131, coming in well below the planned subsidy of£2,000. This show was nominated for nine Arts Richmond Swan awards, including Best Set Design. Best Costume Design, Best Sound and Lighting Design, four nominations for Best Supporting Performer and one nomination for Best Leading Performer in a Musical and Best Musical Production. The KiGls L8ft. Th8 Dog Di8d. Now Wh8t? was performed from the 13 to 16 February 2025 at the OSO at Barnes. This was a smaller show wrth a seven person cast and piano accompaniment, chosen to suit OSO and to provide BROS with an opportunity to perform a scripted show at this local venue. The show was very well performed and reGeived by audiences, but as a lesser known sht)w only 640/0 of tickets were sold and a loss of £1,297 arose on this proijuction. The loss was rnitigated by cost savings which brought the Soss loser to the planned substdy of £1,000. The show was norninated for three Swan awards including Best Ensemble. Best Production in a Non-Theatre Space and Best Musical Products'on. Company was perfomied from 1 to 5 July 2025 at Hampton Hill Theatre. This was a great show. brilliantly performed by the cast and supported by a wonderful band. Company is a well-known show but perhaps appeals to a mor8 niche following than some oth8r musicals, and despite every effort ticket sales were slower and ultimately 630/9 of tickets W8re sold resulting in a loss of £3,176. The show was very much an artistic success hugely enjoyed by audience5. the cast and our membership. The show was nominated for five Swan awards including 885t Design Element for the Orchestra and Music, three nominations for Best Leading Perfom)er in a Musical and Best Musical Production. The combined shows made a loss of £4,604 and this should be seen in the context of the budgeted subsidy of £5,0001£2,000 for each of the Hampton Hill shows and £1,000 for Ihe OSO show) as explained above, the cornmittee chose to use funds generated on the larger shows in FY23 to support these smaller shows. othèr Activities In addition to the staging the pr(xluctions above BROS has also undertaken other activities.. BROS Academy workshops.. A day of dance was held on Sunday 23 February with workshops lead by Susi Pink, Callum Taylor and Gemma Melhuish, a great time was had by everyone On 26 February BROS and Teddington Theatre Company held a BSL (British Sign Language) in theatre event. This highly informative evening was led by Wednesday Jones, a volunteer BSL translator, who works with amateur theatre groups to deliver shows to Deaf audiences. The event was well attended and provided us with ideas to give better aC$S to live theatre. Thank you to Faye and to everyone for running these Academy sessions. Charity Commission Accounts Page 3
BROS THEATRE COMPANY Social events-. Summer drinks were held atthe Hare and Hounds in East Sheen on 30 August 2024 to get members together at the end of the summer holidays. We were invited sing Christrnas Carols by the OSO at the Bames Christmas Festwal on Friday 6 December 2024. Lot5 Qf rnembers joined for thi5 joyous occasion lead by Janet Simpson. The tent almosl blew away during the finale of the 12 Days of Christmasl This was followed by a Curry, at the Haweli restaurant in Barnes. Periodic Thursday night social drinks were initiated this year, held al pubs in Bames lo give an opportunity for people not rehearsing in shows to get together. A very enjoyable Karaoke night was held on Saturday 17 May at the Four Thieves Pub in Clapham, where members had the chance to show off their vocalsl And a quiz lead by Nick Moorhead was hekl on Saturday 14 June which again was very much enjoyed by the membership. Momberghip At the N¢)vernb9r 2023 AGM it was agr88d to introduce new bands of membership. Full members for those participating in shovts and Academy events pay £30 annual membership. and Resting members pay an annual membership of £20. This has resulted in a small increase ITr Membership fees in FY24 and a further uplift in FY25 as many renewals take pla after the year end in October. Overall membership numbers have held steady at 137 (with 57 full members and 80 resting) IFY24.' 138), with cancellations from former mernbers broadly matched by new members joining. Club 24 Club 24 income has increased slohtly 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 Ihese. Summary of Other Income and Expènditure Income for the year has again been significantly enhanced by substantial interest receivable on funds held in savings accounts, due both to the value of funds held and the relatively high interest rates. In addition we have seen a slight increase in membership incom8 (delailed above) and in gift aid receipts following a relocus on gift aid 5ign-ups for new members resulting in a 70h increase in non-show relatsd income. The operating expenses for the Society have fallen slightly during the year primarily due to a reduction in expenditure on our website in FY25 Gompared to FY24, and f8w8r Academy and social events. Other expenses have held fairly steady. with inflationary increases. A positive contribution from non-show net income has minimised the overall loss arising during the year. End of year position The Society concluded the Financial Year foi FY25 with a loss of £636 {FY24.'105s of £3,287 following a one off charitable donation of £5,510 in thal year). The loss on productions was £4,604 IFY24'. loss £366) and totsl net assets amounted to £145,250 (FY24'. £145,886). The trustees consider that the SLKiety remains in a strong financial position. Charity Commission Accounts Page 4
BROS THEATRE COMPANY CHAIRMAN'S REPORT ON PLANS FOR THE FUTURE The Society has current plans to perfonn 'CharJio and tho Chocolate Factory. at Richmond Theatre in February 2026 {FY26). This will be followed by 'Anything Goes. at The Mina¢k Theatre, Cornwall in August 2026 {early FY27). We have performance dates secured for Hampton Hill Théatre in November 2026 and plan to have the production confirmed by October 2025. We have also secured performance dates (mid-may and mid-November) for 2027. Thereafter, assuming that (a) we, as a Society. wish to continue performing at both Richmond and Minack, we have reflected favourably on the different challenges of an August performance week at Minack, and that Minack wish to inviie us back again in three years. (c) We are proposing to adopt a three-year production cycle whereby: Year 1- Two perfomiances at Hampton Hill Theatré Year 2 - One performance al Hampton Hill Theatre and one performance at Minack Yéar 3 - One perft)M7an at Hampton Hill and one perfonnance at Richmond Theatre. In order not to try and 'rush through, a Rbchmond sh¢)w in 2028 (2-year gap) we propose that 2028 b8 Year 1, 2029 b8 Year 2 and 2030 be Year 3. Following the artistic SucsS ol 'The Kids Left. The Dog Dled. Now What?1 at the OSO in February 2025, we think that there will be futur8 Opportunities for The Society to perform similar small-scale productions in amongst the main productions outlined above, increasing opportunities for our Members to perfom, for new Creative Teams to produce and, in line with The Societies Objectives, continue to educate the public and further develop their appreciation of lesser-known works. These opportunities might arise during the lorbgei rehearsal periods of Richmond and Minack productions. or in bèhveen the programming of produclions at Hampton Hill. As Trustees, and with the support of the Committee, we wish to ¢ontinue to investigale ways to best use our resources for the benefit of our Members and our audiences. At this stage, we have four primary focus areas.. 1) Continuing the work started in the last financial year to increase inclusivity of our productions to the public. We plan to introduce signed performances. starting with one signed performance at our production of 'Charlie and the Chocolate Facto in February 2026, and to consider signed performances for each production going forward. 2) Giving a refresh to our Academy - re-looking at its objectives, reconsidering how sessions are structured and how thè programme can be supported better by our members and secondly be used to attract new talent to The Society. In addition, we would like lo investigate opportunitres to support Ihe education and development of prospective 'Creatives' (Directors. Musical Directors and Choreographers). 3) To continue the development work on our website and social media platft)trns. Recognising that these are the gateway to The Society it's important that these platfoms reflect who we are, what we do so well and encourage prospective Members and audiences. 4) Finally, as resources allow, to continue to subsidise limited losses on productions in the smaller venues we use, helping our creative teams to continue to deliver first- Class produdions and balancing ever-increasing costs with acceptable ticket prices for Members and supporters. Charty Commission Accounts Page 5
BROS THEATRE COMPANY We need to keep looking at new options for rehearsal venues- we are trying out three new venues for our current production - but finding suitable, conveniently located spac8 at the times we want and at a price that is acceptable will ntinUe to be a cha118nge. Careful and prudent financial management of The sIety needs to sit alongside the need to continue putting on qualty productions with the high standafds and production values we have b8come known for. The Committee will continue the recent work done on keeping our Members and supporters informed and arranging opportunities to meet away from the rehearsal room. We will also continue to work on a varied programme of productions (in terms of style and size} alongside opportunities to leam and have fun. with an aim to increase and divefsify our membership. TRUSTEES, RESPONSIBILITIES STATEMENT The trustees are responsible for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The Saw applicable to charrties in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs ofthe charity and ofthe incoming resources and application of resources ofthe charity for Ihat period. In preparing these financial statements. the Irustees are required to.. select suitable a¢counting policies and then appty them consistentty. observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent., 5tat8 whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial stalemenls., 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 keepirrg proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011. the Charity {Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Gharity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Trustees on . 2025, and sign8d on their behalf by= Martin Wilcox Trustee Charty Commisston Acwunt$ Page 6
BROS THEATRE COMPANY INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF BROS THEATRE COMPANY I report lo the trustees on my examinatton of the account5 of BROS Theatre Company in South West London for the year ended 31. July 2025. Responsibilities 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 Charities Act 2011 (the Act). report in respect of my examination of the 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 th8 Charty Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention in connection wrth the examination giving me cause to believe that in any material respect.. 1. Accounting records were not kept in respect of the Society as r8quired by séction 130 of the Act. or 2. That the accounts do not accord with those records., or 3. That account do not comply with the applicable requirements cOnrning the fomi and content of accounts set out in the Charities {AGcounls and Reports) Regulations 2008 other than the requirement that the accounts give a 'true and fair view. which is not a matter considered as part of an independent examination. I have no Concerns 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.. 2025 Charity Commission Accounts Page 7
BROS THEATRE COMPANY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025 Unrostrlcted Funds Total Funds 2025 2Q24 2025 2024 INCOME Income from Charitable activities.. Donations, Legacies & Subscriptions Operating Activities of the Charity Investment Income Oth8r Incoming Resour¢e5 TOTAL INCOME 3.743 43.897 5,099 2,540 55,279 3,355 39.459 4,893 5,969 3,743 43,897 5.099 2.540 55.279 3.355 39,459 4,893 5,969 53,676 EXPENDITURE Activities in Furtherance of Objecttves Support Costs for Above Activities TOTAL EXPENDITURE 49.748 6,167 55,915 50,549 6,414 56,963 49,748 6,167 55,915 50.549 6.414 56.963 NET INCOMEI(EXPENDITURE) (636) (3.2871 (636) (3,287) RECONCILIATON OF FUNDS FUND BALANCE BROUGHT FORWARD 145.886 149,173 145,886 .149,173 FUND BALANCE CARRIED FORWARD 145 250 145,250 145,886 Charity CommisSn Accounts Page 8
BROS THEATRE COMPANY BALANCE SHEET AS AT 31 JULY 2025 2025 2024 FIXED ASSETS (Note 21 Fixtures, fittings & equipment 210 280 210 280 CURRENT ASSETS Debtors and prepayments Bank current account (Club 24) Bank current account 8ank deposrf( account 95 day savings account 180 day savings account PayPal 23,754 245 1,475 12,000 57,289 50.000 277 5,251 311 1,g51 33,987 55,080 50,000 318 145,040 146.898 LESS . CURRENT LIABILITIES Creditor5 and advance receipts {1,2921 NET ASSETS 145,250 145,886 THE CHARITY'S FUND UNRESTRICTED FUNDS Balance blf as at 1s1 August 2024 Retained surplus l (deficit} for the year Balance clf as at 31° July 2025 145,886 636 145,250 149,173 3,287 145,886 Approved by the Trustees on ... 11......@CE(l)W... 2025, and sned on their behalf by.. Elizabeth Brignall Trustee Charty Commission Accounts Page 9
BROS THEATRE COMPANY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2025 NOTE 1- ACCOUNTING POLICIES Basis of Preparation of the Accounts The accounts (financial statements) have been prepared in accordan with A¢counting and R8POrting by Charities.. Statement of Recommended Practice applicable to Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (effective January 20151 and the Charities Acl 2011 and applKable regulations. The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the notes to the accounts Income and Expenditurè Income and expenditure relating to a production is included in the accounts for the year in which the show is perforrn8d. Any income or expens8s relating to future productions are treated as advance receipts or prepayments on the balance sheet, and not shown in the income and expenditu account until the year of the show. Income from membership fees is included in the accounts for the year in which the subscription period commences, and income from Club 24 subscriptions and donations ar8 included in the accounts on a rèceipt's basis. Other income, such as interest receivable, is recogni5ed when the income is earned. Other costs, suGh as the costs of running th8 society, are recognis8d as they are incurred. Tangiblo Fixed Assets Depreciation is provided at the following rates.. Fixtures. fittings and equipment_ 250/0 reducing balance basis Signrficant items purchased by the S(Kiety are included on the balano sheet as 'fixed asset5" and then written-off over their eXcted us8ful life. This depreciation charg8 IS charged to the income and expenditure account each year, until the whole cost has been written-off. Charty Commission Accounts Page 10
BROS THEATRE COMPANY NOTE - TANGIBLE FIXED ASSET Fixture5, Flttings and Equipment Total Cost At 1 August 2024 Additions Disposals I Write offs At 31 July 2025 12,126 12,126 12,126 12,126 Depreciation At 1 August 2024 Current year deprecialion Disposals I Writes offs At 31 July 2025 11,846 70 11,846 70 11.916 11.916 Net book value carried fi>nYard 210 210 Net ljook value bmught fornard 280 280 TE 3- DISCLOSURES Trustso R8mun8ration None of the trustees received any remuneration during the year, nor did they claim any expenses. Indepèndent Exarniner Fees The independent examiner (Christine Asirwatham) agreed to work on a pro bono basis for services in FY25 {FY24.' £0). Charty Commission Accounts Page11