## ## ## ## |||||||Page| |---|---|---|---|---|---|---| |Trustees'
annual
report (incorporating|||the|director's|report)|| |Independent
examiner's
report||to the|trustees|||| |Statement
of financial|activities|(including||income and||| |expenditure
account)||||||| |Statement
of financial|position|||||| |Notes to the financial|statements|||||| ## ## |Reference|and administrative|and administrative|and administrative|and administrative|details||||| |---|---|---|---|---|---|---|---|---|---| |Registered||charity|name||Wells Operatic Society Limited||||| |Charity registration|||number||276308||||| |Company|registration|||number|01377655||||| |Principal|office and||registered||Little Theatre||||| |office|||||Chamberlain|St|||| ||||||Wells||||| ||||||Somerset||||| ||||||BA52PS||||| |The trustees|||||||||| ||||||P Perrin||||| ||||||K Edmonds||||| ||||||SEdmonds||||| ||||||M Scammell||||| ||||||G A Brown||||| ||||||N McGrogan||||| ||||||A Lanfranchi||||| ||||||E Russell||||| ||||||E Carey||||| ||||||J Hartley Scammel||||| ||||||R Wright|||(Resigned|26 March 2021)| ||||||T Creswick|||(Appointed|26 March 2021)| ||||||G Walker|||(Appointed|26 March 2021)| ||||||N Hope|||(Appointed|26 March 2021)| ||||||R Bass|||(Appointed|26 March 2021)| |Company|secretary||||N McGrogan||||| |Independent||examiner|||Barry Davidson||FCCA FCA||| ||||||One New Street||||| ||||||Wells||||| ||||||Somerset||||| ||||||BA5 2LA||||| ## ## ## ## ## ## ## ## # ## ## ## # ## ## ## ## ## ## ## ## ## ||||2021|2021|2020| |---|---|---|---|---|---| ||||Unrestricted||| ||||funds|Total funds|Total funds| |||Note|2|2|| |Income and endowments|||||| |Donations,
grants and subscriptions||5|29,317|29,317|11,660| |Charitable
activities||6|20,047|20,047|| |Other trading
activities||7|5,132|5,132|2,917| |investment
income||8|8|8|98| |Total Income|||54,504|54,504|14,675| |Expenditure|||||| |Expenditure
on raising funds:|||||| |Costs of other trading|activities|9|4,239|4,239|3,206| |Expenditure
on charitable|activities|10,11|34,330|34,330|22,925| |Total expenditure|||38,569|38,569|26,131| |Net Income/(expenditure)|and net movement|In funds|15,935|15,935|(11,456)| |Reconciliation
offunds|||||| |Total funds brought
forward|||218,800|218,800|230,256| |Total funds carried forward|||234,735|234,735|218,800| ## ## ## |||||2021|2020| |---|---|---|---|---|---| ||||Note||| |Fixed assets|||||| |Tangible fixed assets|||15|138,679|'i40,630| |Current assets|||||| |Stocks|||16|1,122|803| |Debtors|||17|6,923|7,506| |Cash at bank and in|hand|||92,987|76,799| |||||101,032|85,108| |Creditors: amounts|falling|due within one year|18|4,976|6,938| |Net current assets||||96,056|78,170| |Total assets less current||liabilities||234,735|218,800| |Net assets||||234,735|218,800| |Funds ofthe charity|||||| |Unrestricted
funds||||234,735|218,800| |Total charity funds|||19|234,735|218,800| ## # # # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## # # ## ## ## ## ## ## ## # # ## ## ## ## ## |Donations,
grants and subs|crlptlons|||| |---|---|---|---|---| ||Unrestricted|Total Funds|Unrestricted|Total Funds| ||Funds|2021
f|Funds|2020| |Donations||||| |Donations|727|727|395|395| |Grants||||| |Grants receivable|25,669|25,669|10,000|10,000| |Subscriptlons||||| |Subscriptlons|2,921|2,921|1,265|1,265| ||29,317|29,317|11,660|11,660| ## |Charitable|activities||||| |---|---|---|---|---|---| |||Unrestricted|Total Funds|Unrestricted|Total Funds| |||Funds|2021|Funds|2020| |Box office|sales|19,477|19,477||| |Programme|sales|570|570||| |||20,047|20,047||| ## ## ## |7.|Other trading|Other trading|activities||||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2021|Funds|2020| ||Hire oftheatre|||2,630|2,630|2,153|2,153| ||Bartakings|||2,502|2,502|764|764| |||||5,132|5,132|2,917|2,917| |8.|Investment|Income|||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2021|Funds|2020| ||Bank interest|receivable||8|8|98|98| |9.|Costs ofother trading activities||||||| |||||Unrestricted|Total Funds|Unrestricted|Total Funds| |||||Funds|2021|Funds|2020| |||||||2|| |||||4,239|4,239|3,206|3,206| ## |Expendi|ture
on charitable|activities
by fund type|||||| |---|---|---|---|---|---|---|---| |||Unrestricted|Total|Funds|Unrestricted|Total|Funds| |||Funds||2021|Funds||2020| |Theatre|account|10,402||10,402|4,728||4,728| |Support|costs|23,928||23,928|18,197||18,197| |||34,330||34,330|22,925||22,925| ## ## |||||Activities|||| |---|---|---|---|---|---|---|---| |||||undertaken|Support|Totalfunds|Total fund| |||||directly|costs|2021|2020| ||Theatre account|||10,402|23,928|34,330|22,925| |12.|Net Income/(expenditure)||||||| ||Net income/(expenditure)||Is stated after|charging/(crediting):|||| |||||||2021|2020| |||||||2|| ||Depreciation|oftangible|fixed assets|||4,359|4,426| ## ## ## ## ## |||||2021|2020| |---|---|---|---|---|---| |||||2|| |Fees payable|to the independent||examiner for:||| |Independent|examination|ofthe|financial statements|1,836|1,807| ## ## ## |||||Freehold|Plant and|| |---|---|---|---|---|---|---| |||||propeny
2|machinery|Total
f| ||Cost|||||| ||At 1 Jan 2021|||136,135|78,545|214,680| ||Additions||||2,408|2,408| ||At 31 Dec 2021|||136,135|80,953|217,088| ||Depreciation|||||| ||At 1 Jan 2021|||13,404|60,646|74,050| ||Charge for the||year|2,304|2,055|4,359| ||At 31 Dec 2021|||15,708|62,701|78,409| ||Carrying
amount|||||| ||At 31 Dec 2021|||120,427|18,252|138,679| ||At 31 Dec2020|||122,731|17,899|140,630| |16.|Stocks|||||| ||||||2021|2020| ||||||2|2| ||Raw materials||and consumables||1,122|803| |17.|Debtors|||||| ||||||2021|2020| ||||||2|| ||Trade debtors||||70|629| ||Prepayments|and accrued income|||6,795|6,877| ||Other debtors||||58|| ||||||6,923|7,506| ## ## ## ## |Creditors: amounts
falling due within one year||| |---|---|---| ||2021|2020| |Trade creditors
Accruals and deferred income
Social security and other taxes|929
3,035
1,012|1,338
5,054
546| ||4,976|6,938| ## ## |Unrestri|cted
funds|||||| |---|---|---|---|---|---|---| ||||At|||At| |||1|Jan 2021|Income|Expenditure|31 Dec 2021| ||||||2|| |General|funds||218,800|54,504|(38,569)|234,735| ||||At|||At| |||1|Jan 2020|Income|Expenditure|31 Dec 2020| |General|funds||230,256|14,675|(26,131)|218,800| ## |Analysis of net as|sets between funds||| |---|---|---|---| |||Unrestricted|Total Funds| |||Funds|2021| ||||2| |Tangible fixed assets||138,679|138,679| |Current assets
Creditors less than|1 year|101,032
(4,976)|101,032
(4,976)| |Net assets||234,735|234,735| |||Unrestricted|Total Funds| |||Funds|2020| |Tangible fixed assets||140,630|140,630| |Current assets
Creditors less than|1 year|85,108
(6,938)|85,108
(6,936)| |Net assets||218,800|218,800| # ## ##