2023-12-31-accounts

ABINGDON OPERATIC soaErY

Trustees Re1￿xt lThlependent Examinerf Rewt Statementof Financial Actwibe5 Balar￿ Sheet 9t013 62 BessebleEh Road Wootton Abing£lon OX13 6DX National Westminster Bank PLC 16 Market Pl*È ChippinE Norton Oxon. OX7 5ND Ross Brooke Limited Suite I nd[￿ Court. OX14 ISY

ruste￿ Report etrustees present their re[A￿tOgether with the financial stataTr)entsforthe year ended 315t December 2023. harity InfOrn￿10n bingdon Operaticsoaety i% a ￿gIstered d￿rity in England {2731491. The ad(Iress of the regI￿red office is gi¥en irt the harity iftforrnation on page l ol these financial statements. The nabjre of the£haritys oFffitirms and principal rtivities 3reto edu(e the public irt the dramatrcand operdticarts. hecharity corstittEte5 a public benefft entity as defined by FRS 102. Thefinanaal sten7ents lTrve been rxepared In cCo￿l&n￿ with Accounting and Re￿rri￿ by Chafftie5: state[T￿Of Recommended Prath￿ applirdble to charit¢es rpparingtheir3ccounts in ￿rdan￿ w¥th the F5nanaal ReportingStar#4ard 3ppJtsr2ble in the UK and Republic of relar)d issued in October 2019. the ￿nanCial Re[￿1r* Stxndard appli(able In the United Kingdom and Republic of reland IFFiS 1021, the ChaYfttesAct 2011 arKI UK Generalty AC￿pted Acwjnting Practice. e finarrial 5tatemerts are wepared on a golng corKern ba%i5 underthe histori£al convention, modified to dudecertain items atfairwalue. Theffirtanoal statements a￿ presented insterli1￿ tlthich is the functi￿81 ojrrency of he charity and r¢yJfided to the nea￿$t£ he $4gnTrftcant account1r￿ polides applied in the weparatM￿ of th2sefirorKialStateM￿ aresetout bebw. These oliaes have been Consis￿￿Y apFdTed to all YearSpresent￿ unless otherwise stated. e Charlty Tr5 aiknini#ered bya Managemerrtcommittee o)mprisirE: oy Skeels Rosalind Mettiman Nigel Winter arah Walters a¥ry Greenaway (re￿gned 11 May 2023) aughan Roberts om Codd elen Coad Iresi£ned 22 Aug￿t2023) ara Hunt I￿18￿ed 31 October2023) ame5Tayler lappoirrted 11 May 20231 atthew Foster (appointed 22 August 20231 Chair Treasurer Chair arityObiectNe5 eTwstees confirm that they havè paid due regard tot￿ commissiorfs publlc benefitguidance. he obiertives of the SLKEty aTe to. Educatethe public in the dT3matrand operatic artsthrrwh partic7￿1[￿ and enioyment. To Introdu￿ young peopEe tothe stsge lry eno)urngite them totake part in produchors andfosterin8 their participation in the dramaticart& To a5siStothers￿etieS and s(knb by making availatle cosbjmes KffOPS.

ABINGDON OPERATicsoaETY. TRUSTEES ANNUAL REPORT FOR THE YEAR E14DED 3tst DECEMBER 2023 eview of Yea<s Atti¥its is year saw the return to our nO￿nal scheduEe followingthe interruptÉons in the previous two years a5 a result of the lobal pandemiG tage production of Carousel in Aprtl 2023. tage produttion of Chitty Chitty Bang Bang in October 2023. otal Membership.- 146 e major rtsks. to whlch the charTty 15 exposed. as identified by the truste￿, have been reviewed and systems have en put into place to minimize the risks. The Society has a chikl protettion policy. he trustee5 aim to keep a minimum of 51Y% of the cost of a production in reserve to cover the @xpenditUTe for the next h¢)w prior to tidKet sale osalind Merriman reasurer Joy Skeek Chair Page 4

tatement of Tru5teÈg Responsibllttie5 eTrustees are reswnsible for preparing theTn￿ Arlnual Rep￿t and the financial ststements in accordaft￿ wf(h pplirdble lawand Uniied ￿ngdoM ACCOU￿r￿¥ Standards (Unfted Generally Accepted PLtountin8 Practice), ntbjding FRS 102.the hnancol ReportingStaT￿3ld ap￿1£at￿e in the LIK and Republic of Ireland. e law applicableto charities in England and Wales requirestheTru51ee5 to prep3refffiancial statementsfor eath Enancial yearwhich 8iveatrue andfa￿VieWothe stateofaffwsofthe and ofthe inwmirE8 resourw and ppltcatton of resowresof the tharityforthat pernd In Freparrythesefinancial SkteM￿tt5. theTn￿ are required ObseNethe mett¥)ds and winciptes £7￿[11]eS ￿ftP: State whetherapplicable ￿0)Unting$￿t￿lardS have been fol￿wed. and Prepare the financial statements on thegrrerorthn basis unfes5 k 15 in3wWe to prwvmethatthe Charity will contintEe in bLLsine55. eTru5tee5are responsil)lefor keeping woperaccounting recordsthat tthxlowith reasonable acajraq at anytime he finanual position of the Charity and enable them to e[￿￿Te thatthefinanLial statements Comp￿ with the Urtties ct 201L the Chartty {Accounts Rep)rt51 Re8ulatN)n5 2￿ andthe provi51t￿ of the TtU5t deed. They ale atso esponsibleforsafeguardlngthe assets of d Charity fortaking reascffiable steps forthe prevention and tection of fraL￿ and other Irreg￿arIt1eS. eTrusteesare resEx)nsIblefor￿ Maintenan￿ and integrityof the charityar￿ finanaal trIforrr￿n induded on the arity's website. Le8i51atxh in the Untted Ki￿d0M 8overr4r¥the prepaEal)n and (M￿Mirabon of finaDEial ments may difFerfr(Nn l*ation in other juri51ktior ulranentstor prepari Orderof theTrust tgned:

ndependent Examiners Report othe Trustees ofAbingdon Operatickn ur report to the Trustees on our examinatron oftheactou¥rt50fthngdon OperatieSLwiety Ilhe Cha￿￿} fty the year nded 31° De£emFM2023 which crmwrisethe st4M￿Offi￿ar￿Tal thtses. the balarte theet and the re13ted notes it0￿. his report is made soletyto thech￿rty TnJstee5. a% a Ix)ty. in actordarKewtth section 145 of the ajarittes Act 2011 nd regulations maye under section 154 of thètP£L work has teen undertaken so that we rni8ht state to the harity's Trustee5those rnattersweare required to 5kte ts)them in an independent e￿[nInen of the 2011 Act; or The accounts do not acmrd with those records: or The accounts do rM)t compwwtrh the applicabte requwaeFts concerrA￿ theforni and conterrt of accounts set in the Charities IAcccMJnts and Reports} Regu￿1¢¥￿% 2(X)8 otherthan ary reqwrement thatthe accounts wve a rue nd fairview. which is not a matterconsfidered as parr ofan Fn￿texaMin￿ti0n. have no concerns and have £ome across M otherrnattws Fn con¥*ction with the examinatiDn to which attention hould be drthn inthÈs ￿k￿rtin orderto enabte a ￿derStar￿li￿Ofthe aco)untsto be reathed. Indepeftdent Examiners Report igned by: Caroline Webster BA FCA oss Br¢Joke Limtted ate: 0310512024

IHCOMEANOEXPE￿fiE 7.020 445 1.475 7.020 445 L475 7,007 365 295 245 53.710 Interest re￿&¥8b shows Tax refvnd 1.616 1.616 93595 S20 79.146 79J46 64A39 8L447 148 I3￿) 47.084 357 47.441 51.406 5923Z 357 ￿.589 47A41

Tangiblefixed aEets - . Debtors Prepayments Cash at bank and in harKI 2,761 59.982 49.731 li (1902} fl8701 46.861 Total Net Assds 59 47.441 Inton￿ Funds UnrestrKted. General Fund 59.232 357 47.084 357 47A41 The KJtesLm pages ￿13forM p3rt of tl¥saccount aThJ have Date: 3c*h Ap￿L 202 Nigd Wtnter

.1 Funds nrestrtcted fundsaTE avail¥bleforuse atthe th5(retKon of the trustees itifurtheréFKe of thegeneral objeLtive5 of the harity and which havenot Len designated forother e5tricEed fundsare funLs which 3FEto be used in accordarts th 5pÈafic restrictions imposed by donors orwhich have een raised by the chaTityforpartiL7Jlar purt)05es. The costof raising and administeting such funds are charged against he 5peuficfvnd. The alm Brml use of eath rÈstrictEd fiJFwJ i5setout in ￿ notestothefirrancial sratemen 11 incoming resources are induded inthe Statemerrtof Firts3rKial Attivitie5 (SOFA) whenthe tharlty is le8alty entÈtled to he income after any perfomance con(litions have been meL theamount L7n be rnea5ured reliabty and it is probable at the inc(kne will be received. Fordonations to be reco￿Lsed the drity wim haiP been rntified oftheanKwnts andthe5ettlement date in writin& If here are corKlrtion5 atrdched to the donation and this rew1￿3 levd of perfonnance before entitlement can be btained then Income is deferred uTrtil those condFtsOnS aref¥klfy met orthefulfflmentof those conditions is within the ntrol of the charityand it is probable thattheywill be fviftifed. 11 e￿nditu￿ is a£couErted for on an accxuais basis and has dassified under headirgs thataggregateall costs elated tothe category. Expenditure ts re(Dgni5ed vthere there is a leEal Or0￿strUct￿￿e oblwion to make pa￿entst0 hird parties, ht is probable thatthe settlernertwill be required and the aM￿t of the ¢A)ligakni can be measured liabjy. tors and ueditors wtth no stated interestrate and reteirdble or payablewwthin one year are recorded attrdnsaction ri￿. Any10ssesaiisingfrom impai¥TheTrtare recognised tn expenditure. quipmentis Capital￿e￿ when over £l(M)and c()sIde￿dto have lor%-term use and deweciation is cakulated to write he tost overthe expected usehjl lives of the assets c(XKen￿.The fdlowirE r3tesand bases have been used: Piano Equipment -25% reducirE balan￿ ba$55 -33.33% reducing balan￿ bas Going con￿rn e finarrial 5tstements have been F¥epared on a going con￿rn basts as thetrll5tees ￿leVe thèt no materral D￿rtaIntIeS exist. The trustees have considered the level of fvnds held and the eX[￿ted level of inc(me aftd xpenJiture for 12 monthsfrom 3uthorisinE thesefinan(ial stètements. The budgeted income aFMI expenditure Is ufficient wsth the level of reservesforthe charity tobe able toconti￿e as a goin8 C(m￿M.

Bank Interest Building Society irterest 23 245 Charity donation Shows- Ditect Inote 61 Rehearsal halLs 256 69,555 2316 69555 1916 56.955 3315 201 991 Irtsurance Stordge Subscript￿$ Publicty. genefal website. ￿(￿[rS SafetyequKpme¥ht Miscellaneous Depri￿10￿ {note 81 1.054 29 122 82 645 1.375 L375 1313 277 1.313 277 79J46 79J46 64.839 Bankcharges Postsge. teletthone and internet NODA awards & suFffjuiptron 557 557 496

ABINGDON OPERATIC SOCtErY FOR THE YEAR ENDED 3tst DECEMBER 2023 INCOME Chitty timtty Bary Total 2023 Totsl 2022 ricket Sales Front of HouselProgramme5/Refre5hments Libslscores Show fees Adverts 24.256 41,861 66.117 43.093 4,511 770 5.728 1.042 10.239 1.812 6.852 1.435 1,910 420 2(Kl 450 650 Totsl 53.710 EXPENDftURE Theatre hire Royalties Orchestra 7.743 8220 6.466 4320 14,049 11,367 6.800 2.770 12306 4320 1.249 Costumes 3.1 Honoraria IMD. Director. Choreogrdpherl Accompanists Libs/Scores S￿￿ery Publlcity ind P¥intiThg of flyers & posters Printing- programmes & tickets Sound Lighting Front of house- sweets/refreshments Props Photography Make Up Iwigs Postage- show specific Barkstage refreshments St John's Ambulan 1350 1.614 1,237 579 451 2.300 1094 2.795 3.956 1501 364 4.250 3.708 4,032 4.535 1.952 364 3.150 3.869 1.942 1.726 583 L036 i(M) 1.963 2,999 loo 4.303 687 2,457 710 2.860 606 359 659 50 185 240 35 760 760 1.520 1.383 40.301 69555 56.955 Excess/{dth) of income over expenditu 73 IL053 (3.246)

FOR ThEYEAR ENDED 31st DECEMBER 2023 ThE Safety EquiixneTrt Grwst is to be Spent th) item5 rel1￿ to safety. Ofd d￿ti￿stotal current assets £357 relates to this fvrKI1£457 20221. The restrirted fund baLAn￿ is ￿1￿ in cash and the remaniF¥ b3LwKe5heet iterns aTe tA￿S￿￿ted ftjr 8 Tawefued A55ets as * tst January 2023 Additlons 450 326 326 776 Chargefortheyear 245 277 Net B¢x>k Val￿e As at 3tst December 2023 531 629 2022 Debtors Prepawnertts 130 2.761 2,891 10 Cash at Ban* and in Nat West-LurrEntac£tyJnt Nat West. 5a¥ings accLKmt Newbury Building Soaety 5551 26.201 3,301 16.056 27.483 59382 Sundry Crnlitoys Defer￿d Income (note 12} L3(Kl 1,570 2,870 IA36

ABINGDON OPERATIC SOCIETY FOR THE YEAR ENDED 3tst DECEMBER 20Z3 Total At l January 2023 Additions duringthe y L570 1.436 IL5A)) 1570 1.436 {1.5701 At 31 December 2023 1.436 1.436 ITkcome ha5 been deferred the reason that ti rElate5 to show5to be Fwformed in future year5 e.g. l*Jretto income attd showfee5 receTrEdfor nextyearfs produthon. At l January 2022 Additions during the year knwnts released to income 1.020 1570 (L0201 1.020 1570 {1,0201 At 31 December 2022 1.570 1570 IntOTne ha5 been deferred forthe reasonthat tt relate%to showsto be pwfofmed in future Yea￿ I￿rett0 incomeand showfpe5 ¥p(￿ed for nextyearfs production. 13 Trustees. and related party expws 2022 2023 2022 Number Number Travel Subsisten Other 28 26 6.712 27 6.775 Page 13