REGISTERED CHARrrY NUMBER: 513219 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR HALIFAX AMATEUR OPERATIC SOCIETY SMH Sheards Vcrnon House 40 New Nortli Road Huddersfield West Yorkshire HDI 5LS
HALIFAX AMATEUR OPERATIC SOCIETY CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 31 December 2024 Page Report of the Trustee5 Indcpcndent Exllminer's Report Statement of Financlal Actlvitie5 Balance Sheet Notes to the FinanclAI Statements 8 to 13 Detailed StAtement of filnanciAI Activitles 14 to 15
HALIFAX AMATEUR OPERATIC SOCIETY REPORT OF THE TKUSTEES for the year ended 31 December 2024 The trusiees present their report with the financial statements of the charity for the year ended 31 Dccember 2024. The Iruslees have adopted Ilie provisions of Accounting and Reporting by Charities.. Siaiement of Recommei)ded Practice applicabl¢ lo charities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ircland (FRS 1021 (effective l January 2019). OBJECTIVES AND ACTIVITIES Objectives and aims The objeclivcs of the charity are to educate thc piibli¢ in the dramatic and operatic arts and to furthcr the development of public appreciation and laslc in th¢ said arls, lo assist and rtIler sucli charitable Instilulion and cliaritable purposes as the Trustees shall from time lo linie delemiine. Signifieant Acllvlties Th¢ objectives arc achi¢ved by producing shows each year and inaintaining a junior section. Public benefit We have refcrred to the giiidancc conlained in the Cl)arity Conimission's general guidanc¢ on public benefit when reviewing our aims and objcclives and in planning our fulure activities. In particular. the Irustces consider liow planned activities will contribute lo the aims and objectives we have sel. Volunteer5 Voliintecrs play a key role in producing the shows and the administration of the society. ACHIEVEMENTS AND PERFORMANCE Rei'leiv of the year Following on from 2023, we moved into 2024 on a high after an incredible year. We started off the year with the absolute classic Broadway Inusical GLIYS & Dolls, which was a hit wilh both our mcmbers and the audiences wlio canie lo sce it. Thcn ii) Scplcnibcr. we prodiiccd Ilie mainmoili Cliarlie and Ilie Chocolale Faclory. This was a hii¥ely techniLal show with vcry complex props and costunies, and was a very popular family day oui. It was also a very busy year for our Junior Soci¢iy. who manag¢d hvo cnomiou5 prodiiclions, with Frozen at horne in the W¢llin8ton Rooms and th¢ incrcdible modern classic Everybody's Talking Aboul Jamie. The r¢paymenl of our mortgage is continuing, and Ihc revenue from the increased bookings continues to help support our meinbers and Ihe widcr coinmunily of Caldcrdalc. During 2024 we have conliniied lo fiindraise for Ilic cssenlial mJinlenance we need on the root. of thc Wellinglon Rooms. Our 100 club and our direct dcbit menibcrship payments are continuing lo provide reculng income to support our Inonihly overheads, which coi)linue lo iiicrease especially the energy bills. The series of workshops lo l)elp develop oiw members skills and provide support lo the wider communily have also conlinucd this ycar. FINANCIAL REVIEW Resern'es po15cy The reserves of the charily al Ihe period end lotalled £129,254 (2023 £138,723). The charity is still nol in a position lo accurnulale unreslricled reserves. bul the trustees anticipate that once the new mortgage has been repaid in 2035, we will be able lo increase the unrestricted reserv¢s to provide greater financial seciirity for the charity. Page I
HALIFAX AMATEUR OPERATIC SOCIETY REPORT OF THE TRUSTEES for the year ended 31 December 2024 FUTURE PLANS Looking forward to 2025, we are wanting to continue our busy and exciting schedule. We have two large productions planned at the Victoria Theatre in Halifax, Jesiis Christ Superstar in Spring and Chity Chity Bang Bang in Autumn 2025. Oiir junior section also has a number of p¢rfomiances plann¢d for 2025, a Spring Concert, Anastasia in lalc aiiliunn and the usual Clirislnias Concert. We will also keep improving the Wellington Rooms and we also plan to Conlinue our niembeFs workshops to help iinprove out commiinity and our meinbcrs lo devclop. We also hopc to continue our fundraising efforts for the repairs lo the roof. STRUCTURF., GOVERNANCE AND MANAGEMENT Goi'erning document The Charity is conslituled by & Tnist Deed, and its obj¢cls are to educate the piiblic in ihe drainatic and operatic arts and to ftirther the dcvelopmenl of public appreciation and lasle in the said arts, to assist and furLher siich charilable inslilution and charitable piwposes a5 the Trusl¢es shall from lime to lime detennine. There were no changes to the conslilulion during Ihe period to 31 Decernbcr 2024. Recrultment and appointment of new trustees Ncw Iruslccs urc lo bc meiiibcrs of Ilie sociely and are elected and approvcd by management. Appointmcnt of new Irusle¢s is governed by the Trust Deed of the charity. Risk management Thc Iruslees have a duty to identify and revicw the risks to which the charity is exposed and lo ensure appropriate controls are in place to provide reasonuble assiirance againsl fraud and error. RF.FF.RENCE AND ADMINISTRATIVE DETAILS Rcgistered Charity number 513219 Principal address 35 Greenlon Avcniic Seholes Cleckliealon Wcst Yorkshire BD19 6DT Trustees G Coivgill Mrs N Siniih M P Gilroy The tnjslees hold the title deeds to the property as ¢uslodians for the Charity. Indcpcndent Examiner Kcvin Sanders SMH Slieards Vernon Flouse 40 Nciv North Road Huddersficld West Yorkshire HDI 5LS Page 2
HALIFAX AMATEUR OPERATIC SOCIETY REPORT OF THE TRUSTEES ror Ibe year eDded 31 D¢¢ember 2024 Bankers Barclays Bank PIC POBOX 14 3947 Commercial Streel Halif¥ West Yorkshire HXI IBG Treosuyer H Illingsworth Approved by order ofthe board of trustee8 On. and signed on its bchalf by., G Cowgill- ste Page 3
INDEPETrIDENT EXAMtNER'S REPORT TO THE TRUSTEES OF HALIFAX AIVIATEUR OPERATIC SOCIETY Independent examiner'5 report to the trustees of Halifax Amgteur Operatic Society L report lo the charity trustees on my examination of the accounts of Halifax Amateur Operntic Society (the Trust) for the year ended 31 December 2024. Responsibilities and basis of report As the clwity Inislees of the Tn]st you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Acl 2011 ('Ihe Act,). I report in respect of my examination of Ihe Trust's accounts Carried out under Section 145 of the Acl and in Carrying out my examination I have followed all applicable Directions given by Ihe Charity Commission under Section 145(5llb) of the Act. Independent examiner's statement I have conipleled my examination. I confirni that no material matters liave Come lo my attention in connection with Ilie examination giving mc causc to belicve Ihat in any malerial Spect.. accounting records were not kepl in respect of the Trnsl as required by Section 130 of the Act. or the accounts do not accord with those records. or the aceounls do not coinply with Ihe applicablc requireinents concerning the fom] and cont¢nt of accounls set out in the Charities (Accounts and Repons) Regulations 2008 other than any requirement that the accounts give a lrne and fair view which is not a matt¢r considered as part of an independent examination, I have no concerns and have come across no other mall¢rs in connection with the examination to which aiienlion should be drawn in this report in order to enable a propcr iinderslanding of the accoiints to be reached. Kevin Sanders SMH Sheards Ven)oii Housc 40 New North Road Huddersfield FLDI 5LS Page 4
HALIFAX AMATEUR OPERATIC SOCIETY STATEMEN'T OF FINANCIAL ACTIVITIES ror the year ended 31 Deeember 2024 2024 Total nds 2023 Total fi]nds Unreslricl¢d funds Restricted fund Notes INCOME AND ENDOWMENTS FROM Doiialiol and legacies 13,555 13,555 9,385 Charitable Activities Productions Siipport costs 4,000 4,000 9,960 Other trading activities Investment income 82,118 7,612 82.118 7,612 121.065 11,160 TotAI 107,285 107.285 151,570 EXPENDITURE OY Raising funds 115,696 7,910 123,606 130,419 Charitable actlvltles Support costs ,058 1.058 Olhcr 978 Total 116,754 7,910 124,664 131,397 NET INCOMEI(EXPENDITURE) (9,469 } (7,9101 (17,379) 20,173 RECONCILIATION OF FUNDS Total fund5 brouglil fonvard 138,723 7,910 146,633 126,460 TOTAL FUNDS CARRIED FORWARD 129,254 129,254 146,633 The notes forni part of these financial statements Page 5
HALIFAX AMATEUR OPERATIC SOCIETY BALANCE SHEET 31 Deccmber 2024 2024 Total funds 2023 Total nds Unrestricted funds Restricted nd Notes FIXED ASSETS Tangible assets 128,716 128,716 128,790 CURRENT ASSETS Stocks D¢biors Cash at bank and in hand 300 7,574 25.793 300 7,574 25,793 300 9.698 51,766 33,667 33,667 61.764 CREDITORS Amounts falling due within on¢ year (3.489) (3,489) (11,851) NET CURRENT ASSETS 30,178 30,178 49,913 TOTAL ASSETS LESS CURRENT LIABILITIF,S 158,894 158,894 178,703 CREDITORS Amoiinls fallingi diie afler morc Ihan one year (29,640) (29,640) (32.0701 NET ASSETS 129,254 129,254 146.633 The notes fonn part of these fmancial slalemenls Page 6 continued...
IIALIFAX AMATEUR OPERATIC SOCIETY BALANCE SHEET- contlnued 31 December 2024 FUNDS Unresttictcd funds: G¢neral fund Revaluation reserve 12 118,754 10500 128223 10.500 129,254 138.723 Reslricled funds 7,910 TOTAL FUI¥DS 129,254 146,633 The financial statements were approveAI by the Boord of Tntee& and authorised for issue on 8nd were si¥rkcd on its behalf by., N Smith- TnJ8tee Gco sl¢e Thc notes forni part of thes¢ financial stat¢ments Pag¢ 7
HALIFAX AMATEUR OPEIi4TIC SOCIETY NOTES TO THE FINANCIAL STATEMENTS for th¢ year ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the flnancial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accord2nee with the Charities SORF (FRS 102) 'Accountin8 and Reponing by Charities.. Sialement of Recommended Practice applicabl¢ lo charities preparitig their accounts in accordance with the Financial Rcporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (effcclive l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Iland, and the Charities Act 2011. The financial slalenients have been prepared linder the historical Cost convention, as modified by the revalulltion of certain assets. Income All income is recognised in the Statement of Financial Activities once the charity has eniiilement to the fund5, il is probablc that thc income will be ieceived and the amounl can be nieasured rcliably. Exp¢ndlturc Liabilities are reeognised as expenditure as soon as the is a legal or constnJ¢liv¢ obligation committtng the charity to that expenditure, 1¢ is probable that a Iransfer of economic beiiefils will be required in settl¢ment and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accnials basis and has been classified linder hcadings that aggregate all cost relatcd 10 th¢ ¢at¢gory. Where costs ¢annot be dircctly attribiiled to partlCLilar headiiigs Ihey havc becn allocaled lo aciivities on a b&si5 consislcnl wilh Ihe usc of resources. Tanglble fixed assets Dcprcciation is provided al Ihe following annual ralcs in order lo write off each asset over ils estimated us¢ful life. Freehold property lrnprovcmcnls 10 property Fixtures aiid filtii)gs Compuler cquipmenl not provided not provided IOO/o oli reduciiig balancc 200/0 on cosl Stocks Siocks are valued at Ihe lower of Cost and nei realisable value. after makin¥ due allowance for obsolcle und slow moving items. Taxation The charity is exempt from lax on ils charitable activities. Fund llccounting Unrestricted fLd$ can be uscd in accordanc¢ with the charitable objectives at the discretion of the truste¢s. Further explanation of the nature and purpose of each fund is included in the notes to th¢ financial slaiemenls. Page 8 contiiiucd...
HALIFAX AMATEUR OPEIi4TIC SOCIETY NOTES TO THE FINANCIAL STATEMENTS - eontinued for the yellr ended 31 Decernber 2024 OTHER TRADING ACTIVITIES 2024 2023 Fiindraising Production income Bar profit 7,503 70,863 3,752 8.587 106,761 5,717 82,118 121,065 IIYVESTMENT INCOME 2024 2023 Rents received Bank interest 7,457 155 11.058 102 7,612 11,160 TRUSTEES, REMUNERATION AND BENEFITS There were no Irust¢¢s' remuneration or other benefits for the year ended 31 Decemb¢r 2024 nor for tl)e year cndcd 31 December 2023. Trustces, txptThses There were no 31 December 2023. Irustee5' expenses paid for the year ended 31 December 2024 nor for the year ended TANGIBLE FIXED ASSETS Improvements lo propety Fixtures and fittings Freehold property Compuler equipment Totals COST Ai l January 2024 and 31 Deccmber 2024 60,000 69,417 7,855 415 l37,687 DEPRE, CIATION At l Janiiary 2024 Charge for year 1,364 7,118 74 415 8,897 74 Ai 31 December 2024 1,364 7,192 415 8,971 NET BOOK VALUE Al 31 December 2024 60,000 68,053 663 128,716 At 31 December 2023 60,000 68,053 737 128,790 Page 9 continued...
HALIFAX AMATEUR OPERATIC SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued (or the year ended 31 December 2024 TANGIBLE FIXED ASSETS- continued Freehold property was valiied on an open market basis by Sanderson Wealherall Chartered Siirv¢yors on l February 2015. The trlislees are not aware of any material changes in the valiialion Ihal is currently shown in the accounts. The carying value of freehold propeity al cost would have been £49.500. STOCKS 2024 2023 Stock 300 300 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Fundraising Pr¢payincnt5 2,000 5,574 4,000 5.698 7,574 9.698 CREDITORS: VIOUNTs FALLING DUE WJTHIN ONE YEAR 2024 2023 Bank loans and overdrafts (sce nolc 10) Trade crediiors Other creditors 2,429 2,342 4,500 5,009 1,060 3,489 11,851 Page 10 continued...
HALIFAX AMATEUR OPEIL4TIC SOCIETY NOTES TO THE FINANCIAL STATEMENTS- continued for thc year endcd 31 Dccember 2024 CREDITORS: ALMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2024 2023 Bank loans (see nole 10) 29,640 32,070 io. LOANS An analysis of the maturity of loans is given below.. 2024 2023 Amounts falling due within on¢ year on demand: Mortgage 2,429 2,342 Amounts falling between one and two years.. Mortgage - 1-2 years 2,514 2,427 Amoiinls fallinsy due bclween two and five years.. Mortgage - 2-5 years 8,100 7,818 Amounls falling due in MO than five years: Repayablc by inslalments.. Mortgabwc - over 5 ycars 19,026 21.825 SECURED DFBTS The following secured debis are included within creditors: 2024 2023 Bank loans 32,069 34,412 The bank loan is s¢cured against the property. Pag¢ll conlinued...
HALIFAX AMATEUR OPERATIC SOCIETY NOTES TO THE FINAIYCIAL STATEMENTS - continued for the year ended 31 December 2024 12. MOVEMENT IN FUNDS Net movement in fiinds At 31.12.24 At 1.1.24 Unrestricted funds General fund Revaluation reserv¢ 128,223 10,500 (9,469) 118,754 10,500 138,723 (9.469) 129.254 Restricted funds Calderdale Community Foundation 7,910 (7.910) TOTAL FUNDS 146,633 (17,379) 129.254 Nel movement in funds, included in the above ar¢ as follows.. Incoming resources Rcsoiir¢es expended Movcment iii funds Unrestrlcted funds General 1]d 107,285 (116,754) (9,469) Restrieted funds Calderdale Commwiity Foundation (7,910) (7,910) TOTAL FUIYDS 107,285 (124,664) (17,379) Comparatlves for movement In funds Net movement in funds Ai 31.12.23 At 1.1.23 Unrestricted funds Gencral nd Revaluation reserve 115,960 10,500 12,263 128,223 10,500 126,460 12,263 138,723 Restricted fullds Calderdale Conimunity Fowjdalion 7,910 7,910 TOTAL FUNDS 126,460 20,173 146,633 Page 12 conlinu¢d...
HALIFAX AMATEUR OPERATIC SOCIETY NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 31 December 2024 12. MOVEMENT IN FUNDS - continued Comparative n¢t movement in fiu]ds, included in the above are as follows: Incoming resources Resowces expended Movement in funds Unrestrieted funds General fiind 141,610 (129,347) 12,263 Restrlctcd funds Calderdale Conimunity Foundation 9,960 (2.050) 7.910 TOTAL FUNDS 151.570 (131,397) 20,173 The Calderdalc Community Foundation fund provides for a number of workshops lo train and develop thc socicly's menibers. Il also provides funds to make the society's productions more accessible. 13. RELATED PARTY DISCLOSURES Thcre wcre no rclalcd party Iransaciions for Ihe year ended 31 December 2024. Page 13
HALIFAX AMATEUR OPERATIC SOCIETY DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended JI Deeember 2024 2024 2023 INCOME AND ENDOWMENTS Donations and le£acles Donations Gift aid Menibership subscriptions 2,273 7,185 4,097 4,567 ,000 3,818 13.555 9,385 Other trading actlvltles Fundraising Prodiiclion income Bar profit 7,503 70.863 3,752 8.587 106,761 5,717 82,118 121,065 Investment income Rcnls received Bank interest 7,457 155 11,058 102 7,612 11,160 Charitable #etlvltlcs Grants 4.000 9.960 TotAI Incomlng resoyr¢e5 107,285 151,570 EXPENDITURE Other tradlng actlvltles Produclion cosis Production costs - wardrobe and props Prodiiction costs - sound Produclion cos15 - royaliies and venue Production costs - advertising and printing 100 Club Ralcs and water Insurance Light and heat Telephone Mainienartce and cleaning Carried forward 42,917 6,683 18.613 23,766 630 830 857 3,518 9,673 551 10.943 118,981 42,948 4.455 30,335 29,754 1.974 495 768 3,269 7,942 523 2.087 124,550 This page does not fom] part of the slatulory financial statements P&ge 14
HALIFAX AMATEUR OPERATIC SOCIETY DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2024 2024 2023 Other trading activities Brought forward Administration expenses Rent Depreciation of fixtures and fittings Bank cliarges Bank loan inlcresl Card machine costs 118,981 835 2,080 74 92 1,184 360 124.550 1,650 2,412 82 100 1,265 360 123,606 130.419 Support costs Governance costs Independent examination fee5 1,058 978 Tolal resoiirccs expcnded 124,664 131,397 Net (expenditure)Iln¢om¢ (17,379) 20,173 This page does not fomi part of ihe statutory financial slalemenls Page 15