Charlty reglstratlon number 513212 (England and Wales) Company r8gistration nuMr 01590354 HUDDERSFIELD LIGHT OPERA COMPANY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
HUDDERSFIELD LIGHT OPERA COMPANY LEGAL AND ADMINISTRATIVE INFORMATION Directors C M 8rearley S M Collins SEWard E M¢Kenna R Cook Secretary S M Collins Charity number (England and Wal88} 513212 Company number 01590354 Re9lstored offlce 2nd Floor, Mulegate Albert Mills Albert Streel Huddersfield HD13PZ Independent examiner Daniel McAllisler FCA clo Simpson Wood Limited Bank Chambers Market Street Huddersfield HD12EW Bankers CAF Bank Ltd Wesl Mailing Kent ME19 4TA Solicltors Ridley & Hall Legal Limited Queens House 35 Markel Street Huddetsfield Wesl Yorkshire HD12HL
HUDDERSFIELD LIGHT OPERA COMPANY CONTENTS Page Dire¢tors' report Independenl examiner's report Stalemant of financial activities Balan sheet Notes lo Ihe financial statements 6-13
HUDDERSFIELD LIGHT OPERA COMPANY DIRECTORS. REPORT FOR THE YEAR ENDED 30 JUNE 2024 The directors presènt thalr annual report and financial sta18m8nts lor th8 year ended 30 June 2024. The financial statements have been prepared in accordance with the accounting pollcies sel out in note 1 trj the financial statemenls and comply with Ihe charily's governing document, the Companies Act 2006 and "Accounting and Reporting by Charilies: Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financial Reporling Standard applicable in the UK and Republic of Ireland (FRS 102)" {effeclive 1 January 20191. Objectlves and actlvities To promote, mainlain, improve, and advance educallon by encouraglng and promoling the arts of drama, dance, singing and music. Public benefil The directors have paid due regard to guidance issued by the Charity Commission in deciding what aclivities the charty should undertake. Activities Two shows were held this year. Pantomime - Red Rlding Hood Maln show- The Hunchback of Notre Dame Achlevemonts and performance Signlficant actiwties and achievements against objéctives The directors of the company were very happy to have had 2 very successfijl produ¢lions durlng 2024. This year our pantomlme sponsors - Th8 Hudd8rsf181d Giants- decided at the last minute once again lo not perforni with the company, It was therefore decided to go ahead wilh an additional adull performance Instead - which proved to be very popular. raising more revenue than a sponsored performance. The annual main show The Hunchback of Nolre Dam8 was a diffi'cult chall8nge 8rtislically, bul the directors were extremely happy with the productlon, whlch although was not supported as expected. the company worked extremely hard showing its artistic versatilily. Thls year the company has invested in additional secondary double glazlng at its prémlses which in lime will save on energy bills and ensuring a more comfortable envlronment for its actlvitles. The company has onc8 again been successful in claiming Theatre Tax Relief for the past year. Financial review The charily had a net deficit for the year of £5.972 and al the yearend had an accurnulated fund of £84.212 together with the foundation fund of £4.276. In order to secure and oblain substantial di5wunts on the prc4Juctson costs It is necessary to make large deposits and the charity's reserv8s are used for Ihis purpose. Slru¢ture, governance and management The chariiy was formed as a company limiled by guarantee on 9 October 1981, The directors who served during the year 2nd up to the date of signature of the financial stat&menls were: C M B arleY S M Collins SEWard E McKenna R Cook
HUDDERSFIELD LIGHT OPERA COMPANY DIRECTORS. REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Recruitment and appntrnent of trustees The directors are all nominees of the Huddersfield Light Opera Company. One third of the dlredors retire each year and are elected by members al the annual general meeling. Thi5 year the following directors retire by rotation and offer themselves for re-election: SEWard RACook The directors have wlde powers of Investment. The direclors are satisfd Ihal Ihe chatity's assets are available and adequate lo fulfil its obligalions. The direclors, report was approved by Ihe Board of Directors. C M Brearley Dlrector 7 March 2025
HUDDERSFIELD LIGHT OPERA COMPANY INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS OF HUDDERSFIELD LIGHT OPERA COMPANY I report to the directors on my examinatlon of the flnanclal slatèmenls of Hudder5field Light Opera Company (the Gharlty} for Ihe year ended 30 June 2024, Rèsponslbllitlès and basls of report As the direGlors of the charity land also ils direclors for Ihe purposes of Gompany law), you are responsible for the preparation of the finanGial slaternents in accordance with the requirernents of the Compani8s Act 2006. Having satisfied myself that the financial slalemenls of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examinalion, I report in respect of my examination of thè charity's financial statements carried oul under s8clion 145 of the Charities Act 2011. In carrying out my examinallon I have folk)wed the Directions given by Ihe Charily Commission under secllon 145(5){bl of the Charities Acl 2011. Independent examiner's slalement I have cornpleled my examination. I confimi Ihat no matters have come to my attentlon In conneclion with the examination givlng me cause to believe that in any material respect.. accountin9 records were not kepl in respecl of the charity as required by section 386 of the Compani8s Act 2006. Ihe financial statements do nol accord wllh Ihose records. or Ihe financial statements do not comply wilh the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that Ihe financial statements give a Irue and fair view, which is not a matter considered as part of an indep8ndent examination; or the financial sta18ments have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial stalements in accordance wilh the Financial Reporting Standard applicable in the UK and R8public of Ireland {FRS 102). I have no concems and have come across no other matters in conneclion with the examination lo which attention should be drawn in this report in order to enable a p peF undersianding of the financial sla18m8nls to bé reached. Daniel McAllister FCA clo Simpson Wood LSmited Bank Chambers Market Street Huddersfield HD12EW 7 March 2025
HUDDERSFIELD LIGHT OPERA COMPANY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2024 Unrestrlcted funds 2024 Unrestrlcted funds 2023 Notes In¢om8 and endowménts from: Donations and legacies Charitable activilies Other trading activities Investrnenls Other income 2,690 105.871 525 1.525 23.024 3,792 114.468 675 514 9,644 Total Income 133.635 129,093 Expenditure on: Charilable adlvitles 139.607 132,751 Total expondlturo 139.607 132,751 Net expendlturo and movoment In funds {5.972) {3.6581 Reconciliation of funds: Fund balances at 1 July 2023 94.460 98.118 Fund balances at 30 June 2024 88.488 94,460 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from contlnuing activilles.
HUDDERSFIELD LIGHT OPERA COMPANY BALANCE SHEET ASAT30 JUNE 2024 2024 2023 Notés Fixed assets Tangible assets 13 2.084 2.524 Cuent a¥sgts stocks Debtors Cash at bank and in hand 14 15 100 16.570 71.508 100 15,923 77,614 88,178 93,637 Credltors: amounts falllng due wlthln one year 16 (1,774) (1,701) Net currenl asselg 86.404 91.936 Total assets less Current liabilities 88.488 94.460 Tho funds of Iho Charity Unreslricled funds 17 88.488 94.460 88,488 94,460 The company is entitled to the exemptlon from the audlt requirement conlalned in sectkjn 477 of the Companles Act 2006, for Ihe year ended 30 June 2024. The dir8clors acknowledge their responsibilities for complying wilh the requiremenls of the Companies Act 2006 wilh respecl to accounting records and the prèparation of financial statements. The members have not required the company to Dbtain an audit of its financial statements for the year in question in accordancè with sectlon 476. These financial statements have been prepared in accordance wlth the provisions applicable to companies subject lo Ihe small companies regime. The financial stalements were approved by the directors on 7 March 2025 C M Brearley Dlreclor Company registration number 01590354 IEn9land and Wales)
HUDDERSFIELD LIGHT OPERACOMPANY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024 Accounting poll¢l¢¥ Charlty Informatlon Huddersfield Light Opera Company is a privale company limited by 9uarantee incorporaled in England and Wales. The re9iStered offi'ce is 2nd Floor. Mulegate. Alberf Mills, Albert Slreel, Huddersfield, HD13PZ. 1.1 Accountlng conventlon The financial slatements have been prepared in arKordan¢e with the Charity's goveming document, ihe Companies Act 2006, FRS 102 "Th8 Financial Reporting Slandard applicable in the UK and Republic of Irèland" and the Chaiiti8s SORP "Accounting and Reporting by Charities: Ststemenl ol Recommended Practice applicable to charities preparing their acGounls in aGGordance with the Financial Reporiing Standard applicable in the UK and Republic of Ireland {FRS 102)" The charity is a Public Benefit Enlity as defined by FRS 102. The charity has taken advantage of the provisions in Ihe SORP for charities nol to prepare a statement of cash flows. The financial statements are prepared in sterling, whSch Is the functional currency of the charlty. Monetary amounts in these financial slatemenls are rounded to the nearest £. The financial statements have been prepar8d under the historical cost convention. modified to include the revaluation of freelmikl properties and to include investment properties and certaln finandal instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financial 5latemenls. the directors have a reasonable expeclalion that the charily has ad8qual8 resources to continue in operalional existence for the foreseeable future. Thus the directors continue to adopl th8 going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unreslrlcted funds are available for use at the discretion of Ihe directors in furlheranr* of their charitable ObJeCves. Restricted lunds are subject lo specific conditions by donors or granlors as to how Ihey may be used. The purposes and uses of the restricted funds are set out in the notes lo Ihe financial stalemenls. Endowment funds arè subject to specific condilions by donors that the capital musl be maintained by the ¢harily. 1.4 Income Income is recogni5ed when the charity Is legally entilled to it after any performance conditions have been met, the arnounls can be measured reliably, and11 is probable that income will be received. Cash donations are recognised on receipt. Other donations are fecognlsed once the charity has been notified of Ihe donation, unless performance conditions requlre deferral of Ihe amount. Income lax recoverable in rèlation to donallons rèceived under Gift Aid or deeds of covenanl is recognised al the lime of the donation. Legacies are recognised on receipt or olheTwise if the charlty has been notified of an impendlng dlstribulion, the amount Is known. and receipt is expect8d. If the amount is not known, Ihe legacy is treated as a contlngent asset. Tumover Is measured at the fair value of Ihe consideration received or receivable and represents amounts ceivable for goods and services provlded in th8 normal course of business.
HUDDERSFIELD LIGHT OPERACOMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng pollcles (Contlnued) 1.5 Expendlture Expenditure is recognised on an aGcrual basis as liabilities are incurred. Expenditure includes VAT and is reported as part of the expendilure lo which il relates. Charitable expenditure comprises those costs incurred by the charily in the delivery of its aclivilies. It includes bolh cosls Ihal can b& allocated directly to such acttvilies and those costs of an indirect natur8 necessary lo support them. Govemance costs includ8 thosè costs associated with m8eling th8 constilulional and statUry requlrements of the charily and include the audlt fees and Costs linked to tha strategic management of the chartty. 1.6 Tangible fixed assets Tangiblè fixed assets are initially measured at Cost and subsequentty measured at cosl or valuation. nel ol depCiall0n and any impairment losses, Tangible fixed assets are slated at cost less depCiation. Depreciation is provided at rates ¢al¢ulated to write off the Cost less estimaled residual value of each asset over ils expected useful life. as follows.. Fixtures and fittings Sound and electrics Costumes 25Ya on ¢osl 250k on cost 330/0 on cost The gain or loss arising on the disposal of an asset is delermined as Ihe difference betsyeen the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impairmenl of fixed assets At each reporling end date, the charity reviews the carrying amounts of its tangible assets lo detem)ine whether Ihere is any indication Ihat Ihose assets have suffered an impairment loss. If any such indiGation exists, Ihe re¢overable amount ol Ihe osset is estimated in order to delermine the extent of the impairment Ioss (if any). 1.8 Stocks Stocks are slated at the IDW8r of cost and estifflated selling price less costs to complete and sell. Cosl comprisès direct materials and. where applicable. direcl labour costs and Ihose overheads that have bean incurred in bringing the stocks to thelr presenl location and condition. Items held for distribution at no or nominal consideration are measured at the lower of replacemenl cost and cost. Net reallsable value is Ihe estimaled selling prlce less all eslimaled costs of complellon and costs to be incurred in markeling, selllng and dSslribution. 1.9 Cash and cash equlvalonts Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid inveslments with original maturities of three monlhs or less, and bank overdrafts. Bank overdrafts are Shown within borrowings in current liabilities.
HUDDERSFIELD LIGHT OPERA COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Accountlng pollcles (Contlnued) 1.10 Flnanclal Instrumenls The charity has elected lo apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'Other Financial Instruments Issues. of FRS 102 to all of its financial Inslrumenls. Financial instrum8nls are recognised in the charity's balance sheet when Ihe charity becomes party lo Ihe ¢ontraclual provisions of Ihe inslrument. Financial assets and liabililies are offset, with the net amounts presented in the financial statemenls, when there is a legally enforceable right to S8t off the recognised amounts and there is an intention to sellle on a nel basis or to realis8 the ass8t and settl? the liability simullaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, ar8 initially measured at transaction price including Iransaclion costs and are subsequently carried al amortiS8d cost using the effective interest method unless the arrangement constitutes a linan¢ing transaclion, where Ihe Iransaclion is measured at the present value of the future receipts discounled at a rnaet rate of interesl. Financial assets ¢lassified as receivab18 within on8 year ar8 not amortised. Baslc Ilnanclal liabilities Basic financial liabilities. including cr8ditors and bank loans are initially recognised at Iransaction price unless the arrangement constitutes a financing transaction, where Ihe debt instrum8nl is me8sur@d al the present value of the fulure payments discounted al a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debl instrumenls are subsequently carried al am¢Ytised cost. using th8 8ff8ctiv8 int8r8st rate method. Trade creditors are obli9ations to pay for goods or services Ihat have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities rf payment is due within one year or less. If not, they are presented as non<urrént liabS1iti&s. Trad8 creditors ar& recognised initially al transaction prio and subsequently measured at amorlised cost using the effective interest method. Derecognltlon of flnanclal Ilabllltles Financial liablllties are derecognlsed when the charity's contractual obligations expire or are discharged or ancell8d. 1.11 Employee beneflls The cosl of any unused holiday entitlement is rewgnised In the period in which the employee's ServIS are received. Temiination b8nefits are reco9nised immediately as an expense when Ihe charity is demonstrabty committed to lerminate the employment of an employee or lo provide termlnallon ben8fits. Donatlons and lèg8cIès 2024 2023 Donations and gifts Membership fees 397 2.293 2.337 1,455 2.690 3.792
HUDDERSFIELD LIGHT OPERA COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Charitable activilies Pantomlmo Maln show Totsl 2024 Total 2023 2024 2024 Ticket sales Programme sales Sundry income Programme adverts Raffle5 60,338 1.646 39,085 1,392 570 1.150 821 99,423 3,038 570 1,150 1,690 107,556 2,921 271 1,900 1,820 869 62,853 43.018 105,871 114,468 Income from other tradlng actlvltSes Unrestricted Unrestricted funds funds 2024 2023 Sponsorships and soclal lotteries 525 675 Income from inveslments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 1,525 514 Othèr incorne Unrestricted Unrostrlcted funds funds 2024 2023 Theatre tsx relief Sundry other income 22,824 200 9,609 35 23,024 9.644
HUDDERSFIELD LIGHT OPERA COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Expenditure on eharitable activities Pantomlme Maln Show Support costs 2024 Total Pantomime Main Show Support costs Total 2024 2024 2024 2023 2023 2023 2023 Direct costs Advertising Carriage Costumes Fees & expenses Insurance Musical scores Orchestra Rent- Theatre Royalties Staging, lighting. scenery, sound and directors costs Mak8 up. props, and the hire of rjothing Sundry expenses Other charitable expenditure 2,692 3,545 1,994 3,100 1,000 136 1.404 3.243 5,065 3,350 1,000 2,361 6,007 12.467 9,344 16,320 763 941 760 4,096 6,788 7,059 6,450 2,000 2,497 6,007 26.079 10,408 33,623 1,402 2,205 760 769 3,943 2,289 2.800 1.000 169 600 13,561 880 17.129 294 1.109 2,417 2,841 6.026 2,900 1.000 955 3.800 12.547 11.321 18,981 603 1.901 3.186 6,784 8,315 5,700 2,000 1,124 4,400 26.108 12201 36,110 897 3,010 13,612 1,064 17.303 639 1,264 46,349 63.025 109,374 44.543 65,292 109,835 Share of support and governance costs (see note 8} Support Govemance 25,500 4,733 25,500 4,733 19,942 2,974 19,942 2,974 46,349 63,025 30,233 139,607 44,543 65,292 22,916 132,751 Analys1$ by fund Unrestricted funds - general 46.349 63.025 30,233 139,607 44.543 65,292 22,916 132.751 10-
HUDDERSFIELD LIGHT OPERACOMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 Support costs allocated to actlvltles Support ¢ostS 2024 Totsl 2023 Depreciation Cleaning and waste disposal Electricity Insurance Rates and waler Rent Repairs Subscriplions Printing, postage and stationery Sundry 8xpenses Intemet costs Governance 944 509 3.498 1.139 170 13.972 3.669 255 175 565 604 4,733 1,130 1.294 1.792 843 45 12.334 240 46 2.218 2.974 30,233 22.916 2024 2023 Governance costs comprise: Accountancy Bank charges 4,657 76 2.895 79 4.733 2.974 Net movement in funds 2024 2023 The nel movement in funds is slatéd after chargingl{crediting): Fees payable for the independent examination of the charity's finanGial statem8nts Depreciation of owned tangible fixed assets 1,584 944 1.440 1.130 10 Dlrectors Directors {or any persons connected with them) receiving any remunerallon or benefits from the charily during the year are as follows.. C Brearley received honoraria tolalling £600 in recognition of hls work as producer of th8 Panlomirne and £900 of the main show. (2023 - £600 for Pantomime and £900 for the main show). 11
HUDDERSFIELD LIGHT OPERA COMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 11 Employaes The average monlhly number of employees during the year was: 2024 Number 2023 Number There were no employees whose annual remuneration was more than £60,000. 12 Taxation No Corporation Tax is payable on the resull for the year 2024 (2023 - Nil) 13 Tanglblo fixed assets Flxtures and Ilttlngs Sound and •lèctrlcs Co¥tum•8 T•lal Cost At 1 Juty 2023 Additions 6,351 504 4,993 618 11,962 504 At 30 June 2024 6,855 4.993 618 12.466 Depreciation and impalmient At 1 July 2023 Dapreciatlon charged in the y8ar 4,621 745 4,199 618 9.438 944 At 30 June 2024 5,366 4,398 618 10.382 Carrylng amount At 30 June 2024 1,489 595 2.084 At 30 June 2023 1.730 794 2.524 14 Stocks 2024 2023 Raw matertals and consumable5 100 100 12-
HUDDERSFIELD LIGHT OPERACOMPANY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2024 15 Oeblors 2024 2023 Amounts falling due within one year: Other debtors Prepayrnenls and acGrued income 427 15.496 16.570 16,570 15.923 16 Credltors: amounts falllng duo wlthln one yoar 2024 2023 Tiade creditors 1.774 1.701 17 Unr8strlcted lunds The income funds of the charity includes the designated fund of £4,276 which was created upon the transfer of assets when the charily became a limiled company. At 1 Juty 2023 Incomlng Resources resources expended At 30 June 2024 Designaled fund General lunds 4,276 90.184 4,276 84,212 133,635 {139,607) 94.460 133,635 {139,607) 88,488 Prevlous yèar: At 1 July 2022 Ineomlng rosourees Resour¢as expended At 30 Jun• 2023 Designated fund General funds 4,276 93,842 4,276 90,184 129,093 (132.751) 98.118 129,093 (132,751) 94,460 18 Related party transactions There were no disclosable related parly transactions during Ihe year (2023 - none). 13-