**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. 1 ## **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 2 ## **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| 3 ## **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| |---|---|---| |||| 4 ## **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)**| 5 ## **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| |---|---|---| 6 ## **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| |---|---|---| 7 ## **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 8