## **Kinver Light Operatic Society** ## **Report and Financial Statements** ## **31 July 2024** Registered Charity No. 513681 ## **Kinver Light Operatic Society** ## **Report and Financial Statements for the year ended 31 July 2024** ## **Contents** ||**Page**|| |---|---|---| |Statement of the Committee’s responsibilities||1| |Auditor’s report||2| |Statement of financial activities||3| |Income and expenditure account||4| |Production Account - Oliver||5| |Production Account - Snow White and the Seven||| |Dwarfs||6| |Social Account||7| |Balance Sheet||8| ## **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. Page 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 at 31 July 2024 Signed: M A Taylor, FCCA Address: 122 Bridgnorth Road Wollaston Stourbridge West Midlands DY8 3PB Date: 03 November 2024 Page 2 ## **Kinver Light Operatic Society** ## **Statement of Financial Activities Year ended 31 July 2024** |**Incoming resources:**
Members' subscriptions
Production income
Interest income
Social committee
Donation
**Total incoming resources**
**Resources expended:**
Direct charitable expenditure - donations
Administration expenses
Production expenses
Social Committee
**Total resources expended**
Net movement of funds
Balance brought forward 1 August 2023
Fund balances carried forward 31 July 2024|**2024**
**2023**
**£**
**£**
1,951
1,225
87,145
70,083
-
17
199
277
-
7
**89,295**
**71,609**
5,457
5,036
78,060
73,957
-
-
**83,517**
**78,993**
5,778
(7,384)
32,012
39,396
**£37,790**
**£32,012**
**Unrestricted Funds**|**2024**
**2023**
**£**
**£**
1,951
1,225
87,145
70,083
-
17
199
277
-
7
**89,295**
**71,609**
5,457
5,036
78,060
73,957
-
-
**83,517**
**78,993**
5,778
(7,384)
32,012
39,396
**£37,790**
**£32,012**
**Unrestricted Funds**| |---|---|---| |||**71,609**| |||5,036
73,957
-| |||**78,993**| |||(7,384)
39,396| |||**£32,012**| Page 3 ## **Kinver Light Operatic Society** ## **Income and Expenditure Account Year ended 31 July 2024** |**Income:**
Members' subscriptions
National savings account interest
Donation
**Total income**
**Expenditure:**
Secretarial expenses and administration
Insurance
NODA subscription and badges
Scenery and props for general use
Charitable donations
Storage
Training
Web site
Sundries
Trophies
**Total expenditure**
**Surplus(Deficit) of Income over Expenditure**
**Surplus/(deficit) in production accounts:**
Snow White/Jack and the Beanstalk
Oliver/Prriscilla Queen of the Desert
Concert Loss
Surplus(Deficit) on Social
**Excess of Income over Expenditure( Deficit )**|**2024**
**£**
1,951
-
-
**1,951**
239
629
455
3,323
-
36
-
424
351
-
**5,457**
**(3,506)**
9,880
(795)
-
9,085
199
**£5,778**|**2023**
**£**
1,225
17
7| |---|---|---| |||**1,249**| |||4
510
368
3,285
-
343
-
137
208
181| |||**5,036**| |||**(3,787)**
5,700
(9,534)
(40)| |||(3,874)
277| |||**£(7,384)**| Page 4 ## **Kinver Light Operatic Society** ## **Production Account-Main Show Year ended 31 July 2024** |**Income:**
Ticket sales
Front of House Surpluses:
- Confectionery
- Ice Cream
- Refreshments
- Raffle
- Bar
Programme sponsors
Programme sales
Show fee
DVD
Donation
**Total income**
**Expenditure:**
Costumes and costumes 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
Insurance
**Total expenditure**
**(Deficit) carried to income and expenditure account**|**Oliver**
**2024**
**£**
36,344
582
664
76
1,057
1,724
1,445
976
1,440
80
-
**44,388**
4,862
7,315
4,389
266
9,340
8,751
6,655
1,543
835
104
319
-
804
**45,183**
**£(795)**|**Priscilla**
**2023**
**£**
29,067
353
357
50
894
2,407
390
483
1,300
-
26| |---|---|---| |||**35,327**| |||7,732
7,733
4,765
1,106
9,674
5,398
5,200
1,285
455
106
211
370
826| |||**44,861**| |||| |||**£(9,534)**| Page 5 ## **Kinver Light Operatic Society** ## **Production Account-Pantomime Year ended 31 July 2024** |**Snow White and**
**the Seven Dwarfs**
**2024**
**£**
**Income:**
Ticket sales
36,372
Front of House Surpluses:
- Confectionery
701
- Ice Cream
528
- Bar
1,191
- Raffle
941
- Refreshments
177
- Programme Sales
517
- Glow sticks
267
Programme adverts & page sponsors
941
Show fee
1,110
DVD
-
Donations
12
**Total income**
**42,757**
**Expenditure:**
Costumes and costumes hire
4,124
Rooms and theatre hire
6,911
Set and props
3,990
Publicity
829
Lighting and sound
9,793
Royalties, licences and scripts
640
Orchestra etc.
3,570
Presentations and Gratuities
1,108
Ticket secretary's expenses
122
DVD
65
PRS
218
Miscellaneous
84
Programme Costs
583
Insurance
840
**32,877**
**Surplus carried to income and expenditure account**
**£9,880**|**Jack and the**
**Beanstalk**
**2023**
**£**
29,722
796
332
1,347
612
-
455
277
695
520
-
-| |---|---| ||**34,756**| ||2,953
5,983
3,737
160
9,194
575
3,500
1,124
72
20
178
214
455
891| ||**29,056**| ||| ||**£5,700**| Page 6 ## **Kinver Light Operatic Society** ## **Social account Year ended 31 July 2024** |**2024**
**£**
**Surpluses on events:**
Fish and chips
264
Friday Social Priscilla
-
Bacon Sandwiches
-
Summer Ball 2024
126
Snow White Refreshments
155
**Total surpluses**
**545**
**General expenditure and deficits on events:**
Manor of Whittington
-
Rehearsal refreshments
176
Miscellaneous
63
DVD Night
11
Stars
96
**Total expenditure**
**346**
**Surplus(Deficit) carried to Income and Expenditure A**
**£199**|**2023**
**£**
-
100
126
183
-| |---|---| ||**409**| ||100
32
-
-
-| ||**132**| ||| ||**£277**| Page 7 ## **Kinver Light Operatic Society** ## **Balance Sheet** |**2024**
**£**
**Fixed Assets**
Ticket system at cost
Less: accumulated depreciation
**Current Assets:**
National Savings Investment Account
17,980
Bank current account
18,145
Cash in hand
-
Prepayments
3,700
Debtors
738
40,563
**Less:**
Creditors
(2,773)
**Represented by:**
Accumulated income and expenditure account:
Balance at 1 August 2023
Add:
Excess of Income over Expenditure(Deficit)|**2024**
**£**
17,980
18,145
-
3,700
738|**2024**
**£**
350
(350)
-
37,790
**£37,790**
32,012
5,778
**£37,790**|**2023**
**£**
17,980
12,490
-
4,521
140|**2023**
**£**
350
(350)| |---|---|---|---|---| |||||-
32,012| ||40,563
(2,773)||35,131
(3,119)|| |||||| |||||**£32,012**| |||||39,396
(7,384)| |||||**£32,012**| **These financial statements were approved by the Committee of the Society on ?04-Nov-24** ## **Signed on behalf of the Committee** Sam Houlston-Dowell Chairperson Mrs Philippa Hickinbottom Secretary P I Mills Treasurer Page 8