## **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** 1. 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: - 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