BLODS Accounts 2023
Bexhill Light Operatic & Dramatic Society
2023 Financial Accounts
For the Period ended 31 December 2023
Prepared by Henri Hayler For submission to the charity commission by 31 October 2024
Table of Contents
- Treasurers Report ………………………………………3 2. Balance Sheet………………………………………….…4 3. Financial Activities……………………………………..6 4. Statement of Cash Flows…………………………….8 5. Authorised Page…………………………………………9
Treasurers Report
Bexhill Light Operatic & Dramatic Society (BLODS) Treasurer’s Report For the Year Ending December 31, 2023 Prepared by: Henri Hayler
1. Overview
This report provides an overview of the financial activities and position of the Bexhill Light Operatic & Dramatic Society for the fiscal year ending December 31, 2023. The report includes a summary of income, expenses, and overall financial health compared to the previous fiscal year, 2022.
2. Financial Highlights
Opening Balance
- The opening balance for the year was carried over from 2022, reflecting BLODS funds, cash on hand, and various account balances totalling £24,642.63 .
Income
-
Total Income for 2023 : £56,876.35 This includes:
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Donations: £2,269.86
-
Hall Hire: £4,914.47
-
Interest Income: £398.73
-
Sales: £1,814.34
-
Ticket Sales: £43,839.49
Expenses
-
Total Administrative Costs : £72,347.24 Significant expenses included:
-
Show Expenses: £38,667.66
-
Show License: £11,869.80
-
General Expenses: £2,146.02
-
IT Software and Consumables: £2,348.67
-
Light, Power, Heating: £3,419.55
-
Hall Maintenance: £2,555.35
Operating Profit and Net Position
-
Operating Loss : £19,075.35
-
This figure represents a net decrease from the previous year's profit of £11,457.35.
-
Closing Balance as of December 31, 2023: £49,431.46 This balance includes net current assets and charity funds, adjusted for depreciation and other operational factors.
3. Asset and Liability Overview
Fixed Assets
- Total Tangible Assets (including buildings, chairs, and theatre equipment): £9,491.65
Current Assets and Cash Position
-
Total Current Assets, including closing inventory: £157.00
-
Total Cash on Hand and in Accounts as of December 31, 2023: £39,782.81
Debtors and Creditors
- No outstanding debtors as of December 31, 2023.
4. Summary and Future Outlook
Despite a year-over-year decrease in both revenue and operating profit, the Society remains in a stable financial position, with ample cash reserves and assets. However, with the noted increase in operational and production-related expenses, further efforts may be beneficial to control costs or increase revenue through enhanced fundraising or ticket sales.
5. Conclusion
The financial performance of BLODS in 2023 demonstrates a year of active engagement and substantial production costs, reflecting a commitment to highquality productions and society activities. As we look toward 2024, BLODS will aim to strengthen its financial foundation through careful budgeting and exploring additional revenue streams.
Signed by Treasurer
Henri Hayler on 27 October 2024
Balance Sheet
| BalanceSheet | As of 31/12/2023 £ As of 31/12/2022 £ | As of 31/12/2023 £ As of 31/12/2022 £ |
|---|---|---|
| Buildings | 2116.50 | 2116.50 |
| Depreciation | -10,641.75 | -10,583.00 |
| Original Cost | 17,625.00 | 17,625.00 |
| Total Buildings | 9,099.75 | 9,158.50 |
| Chairs | 30.00 | 30.00 |
| Depreciation | -1,100.80 | -1,070.80 |
| Original Cost | 1,301.00 | 1,301.00 |
| Total Chairs | 230.20 | 260.20 |
| Theatre Equipment | 131.70 | 131.70 |
| Depreciation | -77.67 | -90 |
| Original Cost | 195.00 | 195.00 |
| Total Theatre Equipment | 105.00 | 105.00 |
| Total Tangible Assets | 9,491.65 | 9,655.40 |
| Total Fixed Assets | 9,491.65 | 9.655.40 |
| Cash | ||
| BLODS Funds | 38,939.23 | 21,341.84 |
| Cash On Hand | 522.68 | 549.98 |
| Hall Account | 292.68 | 1,341.54 |
| PayPal | 0.00 | 1,381.30 |
| Production Act | 28.22 | 27.97 |
| Total | 39,782.81 | 24,642.63 |
| DEBTORS | ||
| Debtors | 0.00 | 0.00 |
| Held Tickets | 0.00 | 78,968.50 |
| Total Debtors | 0.00 | 78,968.50 |
| CURRENT ASSETS | ||
| Closing Inventory | 157.00 | 20.00 |
| Total Current Assets | 157.00 | 20.00 |
| NET CURRENT ASSETS | 49,431.46 | 103,631.13 |
| Total Creditors | 0.00 | 53,080.00 |
| Total Charity Funds | 49,431.46 | 50,551.13 |
Balance Sheet
Statement of Cash Flows
Profit and Loss
For the year ended 31 December 2023
| Account | 2023 | 2022 |
|---|---|---|
| Turnover | ||
| Donations | 2,269.86 | 7,612.89 |
| Hall Hire | 4,914.47 | 9,272.13 |
| Interest Income | 398.73 | 16.06 |
| Sales | 1,814.34 | 400.00 |
| Other income | 0.00 | 1,068.28 |
| Ticket Sales | 43,839.49 | 47,873.91 |
| Total Turnover | 56,876.35 | 66,243.27 |
| Administrative Costs | ||
| Advertising & Marketing | 1,708.27 | 2,291.67 |
| Bank Fees | 3.20 | 335.41 |
| Cleaning | 2,781.06 | 2,391.75 |
| Corporation Tax | 358.96 | 361.50 |
| Depreciation Expense | 77.67 | 77.67 |
| Directing Fee | 3,500.00 | 1,725.00 |
| General Expenses | 2,146.02 | 1,378.64 |
| Hall Maintenance | 2,555.35 | 6,370.97 |
| Insurance | 688.59 | 658.18 |
| IT Software and Consumables | 2,348.67 | 1257.20 |
| Light, Power, Heating | 3,419.55 | 2,857.47 |
| Postage, Freight & Courier | 23.14 | 47.64 |
| Printing & Stationery | 6.00 | 0.00 |
| Rent | 477.48 | 477.48 |
| Show Expenses | 38,667.66 | 31,212.12 |
| Show Licence | 11,869.80 | 1,935.00 |
| Subscriptions | 1,330.94 | 1,047.68 |
| Telephone & Internet | 384.88 | 310.54 |
| Total Administrative Costs | 72,347.24 | 54,785.92 |
| Operating Profit | (19,075.35) | 11,457.35 |
| Profit after Taxation | (19,075.35) | 11,457.35 |
Profit and Loss Bexhill Light Operatic & Dramatic Society For the year ended 31 December 2023 5CIIOCiOF R(K Turnover Donationg 550 550 TKket Sales 40.975 40,975 Total Turno¥er 41524 Gross Profit 4L524 41524 Administrative Costs Ad*rtign8& Markrtin8 Directing Fee General Expenses Show Expenses Show kntente 1234 1234 1,650 I.6} 431 431 .380 7247 7247 Total P4Iminlstratl¥e Costs 44912 46J41 Operating Profit Profft on Ordinary Activities Before Taxatlon 15A181 15,4181 Profit after Taxation