Charity Number : 272621
YEOVIL AMATEUR OPERATIC SOCIETY
ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2024
YEOVIL AMATEUR OPERATIC SOCIETY
CHARITY NUMBER : 272621
ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2024
CONTENTS
| Page | |
|---|---|
| REPORT OF THE COMMITTEE | 1 – 2 |
| INDEPENDENT EXAMINER’S REPORT | |
| TO THE MEMBERS OF THE SOCIETY | 3 |
| STATEMENT OF FINANCIAL ACTIVITIES | 4 |
| BALANCE SHEET | 5 |
| NOTES TO THE FINANCIAL STATEMENTS | 6 – 8 |
YEOVIL AMATEUR OPERATIC SOCIETY
CHARITY NUMBER : 272621
REPORT OF THE COMMITTEE
FOR THE YEAR ENDED 30 APRIL 2024
The Committee present their report and the independently examined accounts of the society for the year ended 30 April 2024.
Legal information
Yeovil Amateur Operatic Society is a registered as a registered charity (number 272621).
Other information and advisers
Principal Office Edwards House 14 Buckland Road Pen Mill Trading Estate Yeovil Somerset BA21 5EA Accountants Chalmers & Co. Chartered Accountants 6 The Linen Yard Crewkerne Somerset TA18 8AB Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Malling Kent EC2N 1HT
Review of activities
The objectives of the company are to educate the public in the dramatic arts and further the development of public appreciation and taste in the said arts in Yeovil and District and to further such charitable causes that the committee shall from time to time decide.
The productions in the year were Into The Woods and Oklahoma!
Committee
The committee of the society who have served during the year are detailed below:
Mark Rudd (Chairman) Geoff Thresh Sarah Lowery Jack Ayres Simon Ball David Hallett (Treasurer) Lucy Capes Matt Parker Nick Mountjoy Shelagh Meldrum Paula Budzynski (Secretary)
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YEOVIL AMATEUR OPERATIC SOCIETY
CHARITY NUMBER : 272621
REPORT OF THE COMMITTEE (continued)
FOR THE YEAR ENDED 30 APRIL 2024
Reserves policy
It is the policy of the charity to maintain unrestricted funds not committed or invested in tangible fixed assets (the ‘free reserves’), at a level, which equates to approximately 6 months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to unexpected demands on funds.
Independent examiners
A resolution to reappoint Chalmers & Co. as independent examiners will be proposed at the annual general meeting.
On behalf of the committee
M Rudd Chairman
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YEOVIL AMATEUR OPERATIC SOCIETY
CHARITY NUMBER : 272621
INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF
YEOVIL AMATEUR OPERATIC SOCIETY
FOR THE YEAR ENDED 30 APRIL 2024
I report on the accounts of the society for the year ended 30 April 2024, which are set out on pages 4 to 8.
Respective responsibilities of trustees and examiner
As the charity’s trustees you are responsible for the preparation of the financial statement; you consider that the audit requirement of section 43(2) of the Charities Act (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, where particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in any material aspect of the requirements:
-
to keep accounting records in accordance with section 41 of the Act; and
-
to prepare accounts which accord with the accounting records and to comply with accounting requirements of the Act
have not been met, or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Simon Bachrach Date : ……………….. Chalmers & Co. Chartered Accountants 6 The Linen Yard Crewkerne Somerset TA18 8AB
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YEOVIL AMATEUR OPERATIC SOCIETY
CHARITY NUMBER : 272621
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 30 APRIL 2024
| General Restricted Total Fund Fund 2024 2023 (Capital) £ £ £ £ Incoming resources Donations & bequests 96200 - 96200 400 Patrons donations 1320 1320 1851 Members subscriptions 2420 - 2420 2250 Other Income 245 - 245 300 Fundraising 6851 - 6851 7830 Bank deposit interest 126 - 126 42 107162 - 107162 12673 Total incoming resources Resources expended Edwards House net costs 1268 - 1268 4272 Insurance 1451 - 1451 2326 Productions 28112 - 28112 13191 Administration 1715 - 1715 1678 Edwards House maintenance 10765 - 10765 818 Donations 1500 - 1500 683 Total resources expended 44811 - 44811 22968 Net movements in funds 62351 - 62351 ( 10295 ) Fund balances brought forward at 1 May 2023 157352 - 157352 167647 Fund balances carried forward at 30 April 2024 219703 - 219703 157352 |
General Restricted Total Fund Fund 2024 2023 (Capital) £ £ £ £ Incoming resources Donations & bequests 96200 - 96200 400 Patrons donations 1320 1320 1851 Members subscriptions 2420 - 2420 2250 Other Income 245 - 245 300 Fundraising 6851 - 6851 7830 Bank deposit interest 126 - 126 42 107162 - 107162 12673 Total incoming resources Resources expended Edwards House net costs 1268 - 1268 4272 Insurance 1451 - 1451 2326 Productions 28112 - 28112 13191 Administration 1715 - 1715 1678 Edwards House maintenance 10765 - 10765 818 Donations 1500 - 1500 683 Total resources expended 44811 - 44811 22968 Net movements in funds 62351 - 62351 ( 10295 ) Fund balances brought forward at 1 May 2023 157352 - 157352 167647 Fund balances carried forward at 30 April 2024 219703 - 219703 157352 |
|---|---|
157352 - 157352 167647 219703 - 219703 157352 |
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YEOVIL AMATEUR OPERATIC SOCIETY
CHARITY NUMBER : 272621
BALANCE SHEET
FOR THE YEAR ENDED 30 APRIL 2024
| Notes Fixed assets 4 Freehold property Improvements to property Equipment Current assets Debtors and Prepayments 5 Cash at Bank (Savings account) Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Total assets less current liabilities Represented by: Capital and reserves Edwards House reserve Production reserve 7 Charitable Distribution Reserve 8 |
£ 7678 25964 59140 92782 7668 |
2024 £ 115526 19063 - 134589 85114 219703 5000 204203 10500 219703 |
£ 3913 904 41402 46219 12475 |
2023 £ 115526 8082 - 123608 33744 |
|
|---|---|---|---|---|---|
| 157352 | |||||
| 5000 151352 5000 157352 |
Approved by the committee on ………………………
Chairman: M Rudd
Treasurer: D Hallett
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YEOVIL AMATEUR OPERATIC SOCIETY
CHARITY NUMBER : 272621
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
1. Accounting policies
The accounts have been prepared in accordance with generally accepted accounting standard in the United Kingdom and the Statement of Recommended Practice – Accounting by Charities. A summary of the accounting policies adopted, which have been applied consistently, is set out below.
a) Accounting convention
The accounts have been prepared under the historical convention.
b) Donations and legacies
Donations, legacies and other income are accounted for in the period in which they are received. No gifts in kind were received during the year.
c) Fixed assets
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
- Freehold property no depreciation as property is revalued on a regular basis - Improvements to property 10 years straight line (amended 2016) - Equipment 10 years straight line
2. Related party transactions
During the year the Board of Trustees received no remuneration.
| 3. Operating surplus/(deficit) Operating (deficit)/surplus is stated after charging: Depreciation |
2024 £ - |
2023 £ - |
|---|---|---|
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YEOVIL AMATEUR OPERATIC SOCIETY
CHARITY NUMBER : 272621
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 APRIL 2024
| 4. Tangible fixed assets Freehold Property Equipment Total property improvements £ £ £ £ Cost Balance brought forward at 1 May 2023 115526 8082 - 123608 Additions - 10981 - 10981 Balance carried forward at 30 April 2024 115526 19063 - 134589 Depreciation Balance brought forward at 1 May 2023 - - - - Charge for year - - - - Balance carried forward at 30 April 2024 - - - - Net book value Brought forward 115526 8082 123608 Carried forward 115526 19063 - 134589 5. Debtors 2024 2023 £ £ Debtors 500 1865 Prepayments 7178 2048 7678 3913 The above debtors without exception fall due within one year. 6. Creditors: amounts falling due within one year 2024 2023 £ £ Creditors 7678 12475 |
4. Tangible fixed assets Freehold Property Equipment Total property improvements £ £ £ £ Cost Balance brought forward at 1 May 2023 115526 8082 - 123608 Additions - 10981 - 10981 Balance carried forward at 30 April 2024 115526 19063 - 134589 Depreciation Balance brought forward at 1 May 2023 - - - - Charge for year - - - - Balance carried forward at 30 April 2024 - - - - Net book value Brought forward 115526 8082 123608 Carried forward 115526 19063 - 134589 5. Debtors 2024 2023 £ £ Debtors 500 1865 Prepayments 7178 2048 7678 3913 The above debtors without exception fall due within one year. 6. Creditors: amounts falling due within one year 2024 2023 £ £ Creditors 7678 12475 |
4. Tangible fixed assets Freehold Property Equipment Total property improvements £ £ £ £ Cost Balance brought forward at 1 May 2023 115526 8082 - 123608 Additions - 10981 - 10981 Balance carried forward at 30 April 2024 115526 19063 - 134589 Depreciation Balance brought forward at 1 May 2023 - - - - Charge for year - - - - Balance carried forward at 30 April 2024 - - - - Net book value Brought forward 115526 8082 123608 Carried forward 115526 19063 - 134589 5. Debtors 2024 2023 £ £ Debtors 500 1865 Prepayments 7178 2048 7678 3913 The above debtors without exception fall due within one year. 6. Creditors: amounts falling due within one year 2024 2023 £ £ Creditors 7678 12475 |
4. Tangible fixed assets Freehold Property Equipment Total property improvements £ £ £ £ Cost Balance brought forward at 1 May 2023 115526 8082 - 123608 Additions - 10981 - 10981 Balance carried forward at 30 April 2024 115526 19063 - 134589 Depreciation Balance brought forward at 1 May 2023 - - - - Charge for year - - - - Balance carried forward at 30 April 2024 - - - - Net book value Brought forward 115526 8082 123608 Carried forward 115526 19063 - 134589 5. Debtors 2024 2023 £ £ Debtors 500 1865 Prepayments 7178 2048 7678 3913 The above debtors without exception fall due within one year. 6. Creditors: amounts falling due within one year 2024 2023 £ £ Creditors 7678 12475 |
|---|---|---|---|
| - - - - - - 115526 |
- - - - - - |
||
| 123608 115526 19063 |
- 134589 2024 2023 £ £ 500 1865 7178 2048 7678 3913 2024 2023 £ £ 7678 12475 |
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YEOVIL AMATEUR OPERATIC SOCIETY
CHARITY NUMBER : 272621
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 30 APRIL 2024
7. Production Reserve
| 7. Production Reserve |
||
|---|---|---|
| General | Total | |
| Fund | ||
| £ | £ | |
| At 1 May 2023 | 151352 | 151352 |
| - - | ||
| Net movement for year | 52851 | 52851 |
| At 30 April 2024 | 204203 | 204203 |
| Represented by: | ||
| Fixed assets | 134589 | 134589 |
| Net current assets | 69614 | 69614 |
| 204203 | 204203 | |
| 8. Charitable Distribution reserve |
Charitable | Total |
| Reserve | ||
| £ | £ | |
| At 1 May 2023 | 1000 | 1000 |
| Transfer to Reserve | 9500 | 9500 |
| At 30 April 2024 | 10500 | 10500 |
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