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)
- 1 -
**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**
- 2 -
**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:
1. 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
2. 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
- 3 -
**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**|
- 4 -
## **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
- 5 -
**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**
**£**
-|
|---|---|---|
- 6 -
**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|
- 7 -
**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|
- 8 -