2020-07-31-accounts

Kinver Light Operatic Society

Report and Financial Statements

31 July 2020

Registered Charity No. 513681

Kinver Light Operatic Society

Report and Financial Statements For the year ended 31 July 2020

Contents

Page 1 Statement of the Committee’s responsibilities 2 Auditor’s report 3 Statement of financial activities 4 Income and expenditure account 5 Production Account – Sister Act 6 Production Account - Cinderella 7 Social Account 8 Balance Sheet

Kinver Light Operatic Society

Statement of the Committee’s responsibilities

It is the responsibility of the Committee to ensure:

• the keeping of a true account of the Society’s income and expenditure

• accounts are submitted for an independent audit at least once a year

• the keeping of a proper Minute book; and

• that accounts and other records are kept.

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Auditor’s Report to the members of Kinver Light Operatic Society

I have examined the financial statements on pages 3 to 8 and confirm that they are in accordance with the books, records and information which have been produced to us by the Society.

In my opinion the balance sheet on page 8 gives a true and fair view of the state of the affairs of the Society as at 31 July 2020

Signed:

M Taylor, FCCA Address: 122 Bridgnorth Road Wollaston Stourbridge West Midlands DY8 3PB

Date: 24[th] November 2020

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Kinver Light Operatic Society

Statement of Financial Activities Year ended 31 July 2020

Unrestricted Incoming resources Members’ subscriptions Production income Interest income Social Committee Sale Container Donation Total incoming resources Resources expended Direct charitable expenditure – donations Administration expenses Production expenditure Total resources expended Net movement of funds Balances brought forward at 1 August 2019 Fund balances carried forward at 31 July 2020	Unrestricted Incoming resources Members’ subscriptions Production income Interest income Social Committee Sale Container Donation Total incoming resources Resources expended Direct charitable expenditure – donations Administration expenses Production expenditure Total resources expended Net movement of funds Balances brought forward at 1 August 2019 Fund balances carried forward at 31 July 2020	Funds 2020 £ 1,507 33,453 142 375 - 3 35,480 - 3,968 24,125 28,093 7,387 33,344 40,731	2019 £ 1,763 48,324 127 550 450 -
			51,214
			- 3,684 43,965
			47,649
			3,565 29,779
			£33,344

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Kinver Light Operatic Society

Income and Expenditure Account Year ended 31 July 2020

Income Subscriptions – members National Savings account interest Sale of Container Donation Total Expenditure Secretarial expenses and administration Insurance NODA subs and badges Scenery and props for general use Charitable donations Storage Training Web Site Sundries Total (Deficit) of general expenditure over income Surplus/(deficit) in production accounts Sister Act/ Legally Blonde– page 5 Cinderella/Sleeping Beauty– page 6 Surplus on Social events – page 8 Excess of Income over Expenditure for the year	2020 £ 1,507 142 - 3 1,652 99 1,201 200 1,936 - - 274 142 116 3,968 (2,316) (258) 9,586 9,328 375 7,387	2019 £ 1,763 127 450 - 2,340 6 1,227 351 1,196 300 347 - 112 145 3,684 (1,344) (3,790) 8,149 4,359 550 3,565

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Kinver Light Operatic Society Production account – Main Show – Sister Act Year ended 31 July 2020

Income Ticket sales Front of House Profits: - Confectionery - Ice Cream - Refreshments - Raffle - Bar Programme sponsors Programme sales Show fee DVD Insurance Claim Expenditure Costumes and costume hire Rooms and theatre hire Set and props Publicity Lighting and sound Royalties, licences and scripts Orchestra etc. Presentations and Gratuities Programme Ticket secretary’s expenses Miscellaneous DVD Total (Deficit) Surplus carried to income and expenditure a/c	Sister Act 2020 56 - - - - - 12 - - - 2,583 2,651 - 846 1,000 216 - - 500 205 - 122 20 - 2,909 (£258)	Legally Blonde 2019 17,069 363 568 20 513 454 965 497 625 - -
		21,074 1,508 4,597 1,114 422 5,880 4,491 5,200 952 452 206 39 3
		24,864
		(£3,790)

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Kinver Light Operatic Society

Production account – Pantomime – Cinderella Year ended 31 July 2020

Income Ticket sales Front of House profits - Confectionery - Ice cream - Bar - Raffle - Refreshments - Programmes - Glow Sticks Programme adverts & page sponsors Show Fee DVD Donations Total Expenditure Costumes and costume hire Room and theatre hire Set and props Publicity Lighting and sound Royalties, licences and scripts Orchestra Presentations Ticket secretary’s expenses DVD PRS Miscellaneous Total Surplus carried to income and expenditure account	Cinderella 2020 26,877 527 977 217 763 72 272 276 240 580 1 30,802 3,380 5,021 1,360 430 6,191 520 2,003 1,595 277 - 323 116 21,216 £9,586	Sleeping Beauty 2019 23,428 506 1,000 271 608 113 263 142 275 640 4 27,250 2,120 3,770 1,863 367 6,258 525 2,477 1,067 277 - 281 96 19,101 £8,149

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Kinver Light Operatic Society

Social account Year ended 31 July 2020

Surpluses on events Stars in their Eyes Fish and Chips Rounders Monster Bash Hire Race Night Summer Ball 2019 Total surplus Less: General expenditure - KCA subscription - Rehearsal Refreshments - Summer Ball - Miscellaneous - Zoom Surplus/(deficit) carried to income and expenditure account	2020 £ 326 - - 109 - - 25 460 - 37 - 34 14 85 £375	2019 £ 649 24 29 - 50 42 - 794 - 6 150 88 - 244 £550

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Kinver Light Operatic Society

Balance Sheet 31 July 2020

Balance Sheet 31 July 2020
Fixed Assets Ticket system at cost 350 Less accumulated depreciation 350 _ Current assets National Savings Investment Account 17,833 Bank current account 21,847 Cash in Hand 158 Prepayments 3,041 Debtors - _ 42,879 Less: Creditors (2,148) ___ Represented by: Accumulated income and expenditure account Balance at 1 August 2019 Add:-: Excess of Income over Expenditure for the year (Excess of Expenditure over Income for the year) Total	2020 £ - 40,731 £40,731 33,344 7,387 £40,731	2019 £ - 17,691 15,928 3 2,374 431
		36,427 (3,083)
		£33,344 29,779 3,565
		£33,344

These financial statements were approved by the Committee of the Society on 24[th] November 2020

Signed on behalf of the Committee

Mrs Philippa Bishop Chairperson

Mrs Philippa Hickinbottom Secretary

P I Mills Treasurer

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