ABINGDON OPERATIC SOCIETY FOR THE YEAR ENDED 31 OECEM8ER2024 REGISTERED CHARITY NO 273149
ABINGDON OPERATIC soaEtY INDEX TO THE ACCOUIITS Page Trustees Report Statement of Trustee Respy)nsibilities Independent Exarniner5' RepDrt Statement gf Financial Artivities 8alance Sheet Notestothe Accounts 9t013 Regt5twed Office: 65 West St Helen Street Abingdon OX14 58T Bankers: National We5trninster Bank PLC 16 Market Place Chippin8 Norton Oxon. OX7 5ND Independent Examlners: Ross 8rooke Limited Suite I Windrush Court, Abingdon Business Park OX14 ISY Page 2
•&000pEPATrcSDy.TR1MEEsANf¥jALPEPORT FOR TYÉYÉIJEEIIKDItstDEIEMBERID ed Rep tru5teE5pre5erttblrWortltherwiththtfinlsratWtSthevtlreAdd3tstDecwthr2OI4. ritylThftqmaibJn "rgdonOpetskn(Soctyts3Rgtsteredthr1yE1rI27JI49).TheddYQfirWeredrftISvnlthchèInfAd10DplelDfi1tse narrfiiltsleron& ThenatureofthEthariil50PEr4bNsdwknpilicmesaietoedu(ethèwblKinlhèthmatitdow#lrt echaritycorfjlibjtesaput4ben&fi1enbtyfir¢d tyFRS102TheflnanailstslernentsWbeenwfedlnaccothnwithAtltyJnlin83ndPepNb"ngbw es'.51alerthrof Rerornmeth PraLtIo4pbtoth1trtiesPreifvir£0unts1n[EwithIhtFnarK1RWtinlrdapplI1dbklnthl Kind RewL4ofliland i4uedinOctsbEr2m9,fvFinarril RewrtKgStsndirdèp1blelfitruDe1 KingdomandReput4i(oflrdandlFRSJ021,tr¢tharitie5 2011arl UKGtheft1Atptfdknng efirorth15ts1ement5aTeprEPfjnaEoireC¢ThrrnW$dertt5tfjrK¢0StrnVen0M0d11edlo1Trrle(MtlethsI1f1kVl. IhefJnan(i teMentsepnt in lled1wwN(hlsthefvtsOTh21(urMCyOIiheCanryIrrQundttO1here$lt. t51gnfficant3ccwnliO1rtIPpli 1ktheprera1hotthP5ehmIn(rIé1errLts1res#¢ytbdtsw. Thès&FdesTr•bÈThststthtappIdID1lI esenttslunknodwesMed. Skeds EbDftkn BaterIèpwlNted3Wr2Q141 Winter hW4tens lindMÈrrimanliosiwd30 12024) uBn Robert omtodd Treower Se( WKetrtr tthewF05teF arftyc18rt èTNsiees(oThfirmthiheyhrtpa¥JdLr4atOtrdW{ommlS5n,$wk1KbEfftidJrnCe. llbjetll¥esoft&x1fetr EdUcatetheIl1CmthMIc8r1or¥atirrtIthrOv£hpgtDMardeniYwTrl TointrDlu(eyQungpeopktsthe5taBEtyen(ftgigTTht0kePrtipTodudtsr6llf0Stelltssl1c1Wn1ThtdrlM*1arts. Toassstoihuscrietr5wJd 5thoDtsbymakiryi¥ailableuxlurne5Èndpffffj P4•3
ABINGDON OPERATIC SOCIEfY. TRUSTEES ANNUAL REPORT FOR THE YÉAR ENDED 31$1 DECEMBER 2024 Re¥lewof Ytarfs A<tlt41fles Thls year sawthe return to our nomal schedule followng the Interruptlons In the Previous two yeats as a result of the 8lob31 pandemi Stage production of 9 to 5 In April 2024. Stage produttion of Guys and Dolls in Ortober 2024. Total Membership.. 133 Risk5 The major risks, to whrch thÈ tharSty is exposed, as Identifi"ed bythe trustèes, have been revlewed and systems have been put into place to minirnizethe risks. The Society has a £hild protection policy. Reser¥es The trustees alm to keep a minirnum of 50% of the cost of 3 produrtion in reserve to coverthe expenditure forthe next show prior to ticket sales. For and on behalfof the Management Committee, Deborah Bater Treasurer Joy Skeels Chair Page 4
ABINGDON OPERATIC SOCIETY. TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31st DECEMBER 2024 tatement of Trustees, Responsibilitles e Trustees are responsible for preparing the Trustees Annual Report and the finantlal statements In accordance with applicable law and United Kingdom Accountlng Standard5 (United Kingdom enerally Accepted Accounting Practicel, includlng FRS 102, the Financial Reporting Standard pplicable in the UK and Republic of Ireland. e law applicable to charities in England and Wales requires the Trustees to prepare financial tatements for each financial year which give a true and fair view of the State of affair5 of the charity nd of the intomlng resources and application of resources of the charity for that period. In ieparing these financial statements, the Trustees are required to.. Select 5Ultable accounting policles and then zpply them consistentlvi 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: and Prepare the financial statements on the Boing concern basis unless it is inappropriate to presume that the Charity will continue in business. e Trustees are responsible for keeping proper accountin8 records that disclose with reasonable ccuracy at any time the financial position of the Charity and enable them to ensure that the financial tatements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 nd the provisions of the Trust deed. They are also responsible for safeguarding the assets of the harity and hence for tsking reasonable steps for the prevention and detection of fraud and other Irregularities. è Trustees are responsible for the maintenance and integrity of the Charity and financial Information included on the charity's webslte. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other urisdictions. e Trustees conflrm thatthe responsibilltles set out above have been complled with, in order to eet ihe requirements for preparing the account& by Order of the Trustees Igned: page 5
AOINGDON OPERATICSOCIEfY. TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31$1 DECEMBER 2014 ndependent Examlners Report o theTrusiees of Abin8dtsn Operatic SDclety ur reportto the Trustees on our examination of the atcount5 of Abin8don Operaric Soclety I the Charity") lor the ar ended 31 Dembr2024 which comprlsethestatement of financlal actlvltle4 the b31anceshe¥t the elated note5 1 to 13. 15 report is made Solely to the Charlty'sTrustees. as a body, in accordance With sÈttion 145 uf thecharities Act 11 and resul3tn5 made under sectlon 154of that Act. Our work ha5 bpen undenaken so that we mBht state to hecharitys TruslEe5 those matters we are required 10 State tothem in an indepEndeTrt examiner'5 reporr3nd for o other purpose. To the fullest extent permitted by law, we dL¥ not accept orassume responslNlltyto anyone her than the Charity and the Chadtys Trustees as a body. fortsurwDrf¢, foTthi5 report, or forthe oplnlons ave formed. e$pon$lbIleS and basis of rtPOrt the Charity'sTrustees you are re5pon5iblefor the preparatlon tsf tho accavnts in accordance with the equlrements of ihe Charities Act 20111.the 2011 Act'l. Vou are 5atisfd ttoryour Charty is not required bv arity lawto be audlted ènd have chosÈn instead to have an Indendent e¥arDination. è rèport ift rÈspprt Df our exaThinitioo of yourtharity's accounts ascarried out urnder sectlon 145 of the 2011 Art. n earryinB out our eXarn1natn WÈ have ftsllowedthe applicable DirectionsgNen bythe Charttycommission uthder on 145151 Ibl of the 2011 Art. nd¢pend¢ni Examlnetsstatement h3ve completed my examlnation. I confirmthat materyal matters havecorne to my alntIon In connertlon wth e exaiiiination VIng me c61r5eto belleve rhat in any material respect.. Accountingretords were not kept In respertofthe Charity 85 required by secrion 130of Ihe2011Aci,' or The account5 do not accord with those records,. or The accounts do not complywith the appllcab1e requiremernts concernlngtheform and cohtent oFa¢counts ovt in thecharities (Accounts and Report51 Re8ulaDOTr$ 2(MJ8 otherthan any requirernerntthatthe iccountS8lve 'Irue and falrvlew. which is not a m31terconsldered as part ofan Independent examlnatlon. have no wn(ems and hive come across no orher matters ih tonnectivn wth the examination io whlch attention ould be drawn in thls report In order enable a proper under5tandin8 of the accounts to be reached. ndependent Examiners Repart y.. Carollne Webster BA FCA oss Brooke Umitsd e.. (1111 P899 6
ABINGDON OPERATIcSOay FOR THE YEAR EPWED31st DEMBER Z024 sTATEMOF FINANCIALACTIVITtES INCOME AND EXPENDITUR Unre51rlded Rftstrlcted funds Fund5 Totsl 2024 Total 202a Note IncominE Resource5 Membership subscrlptions Patronage Donations Intsrest receivable Shows Tax refund Hoodie & costume sales 5,584 620 1,075 L425 74.674 528 498 5.584 620 I,D7S 1.425 74.674 528 498 7,020 445 1,475 80,608 1,616 1,540 Total IncominB Ae5gur¢as 93.595 Resour5 Expended Directcharitable expendltu M)nagÈment and administrètion 76,593 ?6,S93 1.904 79.146 2.301 Toi)l Resour Expended 78N97 78,497 81,447 Net lficomingl IOutgoinK) Resour$ Net Movernwt In Funds S.907 5,907 12.148 Fund Balan¢esasat 1stJanuary2024 59,232 357 59589 47,441 Fund Balancescarried fo?d Is at31st Decernber Z024 357 Page 7
AUINGDON OPERATIC 5ciaETY ASAT31st DECEMBER 2024 BALANCESHE Note 2024 2023 Flxed As¥ets Tangible fiKed a55ets 4,095 629 CurreNtAs5ets Debtors Prepayments Cash at bank and In hand 80 1.800 59,982 61.862 3,678 61,950 65,628 io Totsl rrent A55ets Liablities-amountsfalllng duewithin one year li 14,2271 61,401 12,9021 58.960 Net Current A55ets Total N*tAssets 65,496 Funds Income Funds Unrestritted- fjen&ral Fund Restrirted 65,139 357 59,232 357 65A96 59.589 The note5 on pages 13 form part of this account and the following slgnatorie5 have been authorised bythe Trustees. Date.. Deborah Baler Treaser Nlgel Winter Secretary Joy Skeels Chalr Page 8
ABINGDON OPERATIC SOCIETY NOTES TOTHEAccouKrs FOR THE YEAR ENDED 31st DECEMBER 2023 .1 Fund$ nre5trlcted fundsare availablèfor use at the disCtIOn of the trustees in furtheran of the general lertives of the charity and which have not been designated forother purposes. e5tricked funds 4re funds which are to be u5Èd In accordantr with specific restriction5 irnposed bv onors or whith have been raised by thè chadty for particular purposes. The cost of rèlsing and ministering such funds are charged against the specifTcfund. The aim and use of each restrict@d fund is et out in the notÈs to the financial statements. .2 Income retognltlon l incoming resources are ifitluded in theststement of Flnancial Actlvllies ISOFAI when the charily is egally entttled to the income afrerany performan¢e condition5 have bÈen met, Ihe amount can be easured reliably and It Is probable that the Income will be Trfeived. r donation5 to be recognised the chariiywilj have been notlfied of ihe arnounts and the settlement te in writing. If therÈ are condlttons attached to the donation and thls requires a level of performance efore entiyemènt can be obtatned then Income Is deferred until those conditions arefully met or the Ifilmentof those condltions is within the control of thè tharlty and it is probable that they WIIS be .3 Expenditure Recognlknon l expendlture Is accounted for on an accru31s b3515 3nd has been classified under heading5 that ggregate all costs related to the category. Expenditure 15 reco8nised where there isa legal or nstructive obli8atlon to make payments to thlrd parties. It is probable that the settlemerstwill be quired and the arnount of the obligatlon can be measured reliably. A Debtorsand credlt¢X5 r¢CeivaleI Pable one yeaf ebtors and credltors with no stated interÈst rate and receidble or payablewithin one year are recorded t itsnsaction price. Any losses arising from Imp8irrnent are reco8nised in expenditure. .5 Fixed Assets and Depre¢ladon quiprnent Is capitali5ed when over £1) and considered to have lon8-term use and depreciation is Icul4ted to wrlte off the co# over the expected useful lives ofthe assets concernÉd. The followin8 e$ nd bases have been used.. Piano Equiprnent - 25% reduciw balance bÈsls -33.33% reduung balantr ba51$ Computer Equipment -3 years 5trai8ht Ilne basi5 Page 9
ABINGDON OPEIiATIC 50aEfY FOR THE YEAR ENDED 31st DEmBER 2024 Notes to the aOunts ¢ontlnued 3 Interest Recervable 2024 2023 Bank interest Buildin8 Society interest 447 978 1,425 144 747 Vnrestrfcted ReriC Fund5 Funds 4 Dir*rt Charltable Empenditure 2024 20Z3 Charity donation Show5- Oirett jnote 61 Rehearsal halls Postage, sratlonery. telephone Insurance Storage Subscriptions Publiclty- 8ener41 incl. website, hoodies Skip Hire Miscellaneou5 Depreeiatlon (note 81 256 69,555 2,916 67,346 3.439 67.346 3.439 1,236 2,400 55 552 470 893 202 76.593 1.236 2,400 55 552 470 1,054 1,375 893 202 76,593 1,313 277 79,146 5 Mana8ement and Admlnlstration Bank Charges Postage. telephone and internet NODA awards & 5ubscriptlon Independent examinatlon fee 390 434 434 557 960 301 Page 10
ABINGDON OPERATIC SOCIErY FOR THE YEAR ENDED 31st DECEMBER 2024 Notes to the accounts continued 6 ShowAccounts 2024 INCOME Guys& Dolls Total 2024 Total 2023 9t05 Ticket Sales Front of HouselProgrammes/Refreshments Libslscores Show fees Adverts in ProBrammes 28,816 30,536 59,352 66,117 5,111 1,103 I,iii 120 5,477 960 1,200 240 10.588 2,063 2,311 360 10.239 1,812 1,790 650 Total 36.261 38,413 74.674 80,608 EXPENDITURE Theatre hire Royalties Orchestra Costumes 8,959 5,504 4,280 842 8,251 6,366 5.400 1,708 17,210 11.870 9,680 2,550 15,963 12,306 3,IC4J Honoraria IMD, Director, Choreographer) kcompanists Lib5/Scores Scenery Publicity incl Printing of flyers & posters Printing- programmes & tickets Sound Llghting Front of house- sweets/refreshments Props Photographv Postage- Show specific St John's Ambulance 1.900 2.150 2,094 2,545 1,068 1,140 640 666 4,050 3,738 4,652 1.638 1,609 903 1,130 4,250 3,708 4,032 4,535 1,952 364 2,107 570 469 263 464 2,999 100 2,589 391 2,799 283 5,388 674 4,303 840 659 300 95 395 212 1,647 17 195 824 823 1,520 Total 31,123 36,223 67.346 69,SSS Excess/ldeficitl of income over expenditure 5,138 2,190 7,328 11.053 Page11
ABINGDON OPERATIC SOCIErY FOR THE YEAR ENDED 31st DECEMBER 2024 Notes to the aDnts ¢untlnued 7 Restrlrted Funds The Safety Equipment Grant Fund is to be speffl on Items relating to safety. Of the charity, total current assets £357 relatesto this fund1£357 20231. The rtrIrted fund lance is held Tn cash and the remaning balance Sheet items are unrestricted funds. Complrter Piano Eguipment Equlpment 8 Tan8lble Flxed Assets Total Net Book Value a5 at 1st January 2024 Addftions12 Applemac Pro%) 531 629 3,668 3.668 98 531 3,668 4,297 Deprttiation Charge forthe year 25 177 202 Net Bo¢)k Value As at 31st Decernber2024 354 4.095 9 rrent Assets 2023 DebtDfs Prepayments 80 1.800 1.880 3,678 10 Cash at Bank and in Hand 2023 Nat We5t- current account Nat West- sav(ngs accourt Nat West- 35 Day Notice account Newbury Buildin8 5ocrety 5,095 11,500 16.147 25.208 5,551 26.201 28.230 61,9 59,982 11 L5ablllties- amountsfalllng due within one year 2024 2023 Sundry Creditors Deferred Income (note 121 1.177 1,466 1,436 2.902 4.227 Page 12
ABINGDON OPERATIC SOCIErY FOR THE YEAR ENDED 31st DECEMBER 2024 Notes to the accounts contlnued 12 Deferred Income LlndArlyear Total At l Jartuary 2024 Additions during the year Amounts released to income 1.436 3x150 11,4361 1,436 3,050 11,4361 At 31 December 2024 3.050 3.050 Income has been defeThed for the reason that it relates toshows to be performed in future yeats e.8. libtt0 income and shgw fee5 reIved for next yearfs production. Also the substription year has thanged in 2024. Subscriptions receNed were for the 12 months to 30 April. Therefoie 4 months has been deferred to 2025. comparat¢ve vndtriye•r IrIyar Totsl At l January 2023 Addttions during the year Amounts released to inwme 1,570 1.436 11.5701 1,570 1,436 11.5701 At 31 December 2023 1,436 1,436 Income has been deferred for the reason that it relates to 5howsto be perfornied in fvture years e.g. libretto income and show fees reiVed for next yearfs production. 13 Trustees. and rel*ed party expenses The reimbursement tsf trustees and related party expensès was as follows.. 2024 2023 Number 2024 2023 Nurnber Travel Subslstence Accomrnodation Other 26 28 9.158 7.299 26 28 9,158 Page 13