Trustees’ Annual Annual Reportfor the period _ Period start date |__| ___- Period end date | July 2024 To 30th June 2025
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-__ Trustees’ Annual Annual
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From | ist
Charityname | SOUTHERN LIGHT OPERA COMPANY Other names charity is ee Registered charity number $0029172 fendi ee
Names of the charity trustees on date of approval of Trustees’ Annual Report
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Trustee : | - Dates acted if are ohLeda
name Office {if any) not for whole year {or body)aH ,
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2
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1 =3
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|Type of governing document|Constitution|7|.|.|.|
|Trustee recruitment and appointment|_|Trustees|appointed|by|majority vote at AGM. All appointments|renewed|
|annually.|
|Objectives|and|activities|
|Charitable|purposes|The|objects of the Company|shall|be to advance the education|of the|
|public|in|the|art of music and|in|particular|light opera|by|the|presentation|
|of public|performances|and|other|related|activities.|At|least 50%|of the|net|
|_|proceeds|of|all|Musical|productions|shall|be donated|to|local|charitable|
|_|organisations.|
|Summary of the main activities|Annual|public performances of|chosen works with|Musical productions|
|in|relation|to these objects|generally|held once a year|in The|Kings Theatre,|Edinburgh.|
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|Achievements|and|performance|
|Summary of the main achievements|of|With|the continued|closure|of the Kings Theatre for renovation,|this year’s|
|the charity|during the financial|period|—_production was again|presented|in|the|Festival Theatre, which|has a|
|greater|audience|capacity.|The|production was a great success,|attracting|
|both|a|large Company|of new members and|large|audiences|resulting|ina|
|healthy|overall|profit|for the|year.|
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Financial review
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Brief statement of the charity’s policy A Revenue reserve is maintained by the company for General company
on reserves business.
The Charity reserve is maintained by the company for the purpose of
collecting funds raised directly on behalf of charities either from the
company or directly from the public. Charitable donations made by the
Company are paid from this reserve.
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## Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
## Signature(s)
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Position (e.g. Chair) ; 7
Pas clon J AOS.
Date Bla2<. | = a fafaa
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$C029172
## SOUTHERN LIGHT OPERA
## Receipts and payments accounts
Forthe Period ‘st July 2023 to 30th June 2024
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Section A Statement of receipts and payments
Unrestricted Restricted Total funds Total funds last
funds funds current period period
to nearest £ to nearest £ to nearest £ to nearest £
A1 Receipts
an!See: |DaeAGN: [| [aa]
[Set][ ee]
ee een, | [eee] |
Roopbhomtniagenmesan| worlapie) 1. saa
Income ee a
land and from investmentsbuildings other than ie ne a
Rents from land & buildings mEsecarice |aerate MSN |TE
activities
At Sub total|____ 12,208 | a P_ 125,682 |
A2 Receipts from asset &
investment sales
Proceeds from sale of fixed assets aa
Proceeds from sale of investments (eee.
Az Sub total|_____|
A3 Payments
fmvesimentmanagements| YT TT
activities
erasanddonators«| ——SS*d| [00] | [soo|| [a]
LL
meme 0 |
erie eee |Caenlp eee |
A3 Sub total tors49|[ 5.454] [112,803 106,859
A4 Payments relating to asset and
investment movements
assets
Purchases oftea
Purchase ofinvesimenis [|
Aa Subtotal |
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12,889 18,270
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- §C€029172
Section B Statement of balances
sameeaie tele Unrestricted‘eruls Restricted funds Totalperiod current Total last period
to nearest £ to nearest £ to nearest £ to nearast £
a
Bi Cash funds Cash and bank balances at start of year Ls | 37,483 37,183 | 55,423
paymentsSurplus / account(deficit) shown on receipts and (969) 12,889 (18,270)
Cash and bank ba if
year
Fund to which asset belongs Market valuation Last yoar
—etails to nearest £ to nearest £
a eG |ier.
Fund to which assetbelongs Cost (if available) oe (r Last year
B3 Other assets = Debtors er ) | Unrestricted Funds “ | to nearest £ to nearest to nearest £
Details Fundto which liability relates Armountto nearestdue £ toLastnearestyear £
B4 Liabilities Unrestricted Funds 7a)
Total
Bcialie Fund to whichmeliability relates Amounttorasnearestdi7 £ toLastnearest year £
ils ——- =oa a
Signedon behaif by of one all orthe two trusteestrustees 3ignature Print NName approvalDate of
oT
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- $C0029172
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|Section|C|Notes|to|the|Accounts|
|Ci|Nature|and|purpose|of|
|funds|(may be|stated on|
|analysis|of funds|worksheets)||Please see analysis|of funds worksheets|
|Type of activity or project supported|panne|_|eee|.|
|i‘|=a|
|Total|
|Number of|£|
|trustees|
|CAb|Trustee expenses|
|=|-|Cei Ceea|
|Transaction|Balance|
|amount|(£)|outstanding|at|
|ns|eTNature|of|relationshi||naaNature|of|transaction|(ae|RNperiod|end|
|—|ore ||ii...|aan.|
|Ticket sales|i...|ee|
|a...|ae.|
|a)|
|ak.|ae|
|a...|a.|
|C6|Other information|All playing member of the company|(including|trustees are expected|to|sell|tickets|for the annual|production.|
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- $C€029172
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Additional analysis (2)
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2 Breakdown of restricted funds
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Souther Light SLO Social SLO General SLO Charity Total restricted Total restricted
Development Committee Reserve Reserve funds funds last
Fund period
Receipts et (Soames [eT :Rae eee||aN
Receipts from fundraising activities Seesaes| kena :See)ee: aeSORES | eeee| | edaRSR:
Income from investments other than land and buildings Se So eee ee eee be
Rents from land & buildings QS |ES GRRE, Me! | A
Gross receipts from other charitable activities aes | eee: omer | ane|eet
Subtotal [| ea | [4,485 [|]
Receipts from asset & investment sales
Proceeds from sale of fixed assets
Proceeds from sale of investments
Sub total
Total receipts [| ee
ExpensesPayments for fundraising activities orev oes RS | Rests|eon
Gross trading payments | (2,454 | ae |ee ee
ass S$ Se: Re
Payments relating direct to charitable activites eae ETE! Sake |See
one [3000 |__3,000| |____ 1,500 |
Audit independent examination a es paneaan a |ex e r 1 Teeae
(agar coats Pen peices ||eae 2NANETTE:
Sub total P3000} [5,454|
Payments relating to asset and investment
movements
Purchases of fixed assets
Purchase of investments
Sub total
Total payments [______=] eeeeR |
Net receipts /(payments) [___-_| Ess]
Transfers
to / (from) funds a) ee) EdFe BeeEee
Surplus
/ (deficit) for year [____ Eee
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Nature and purpose of funds
SLO Development Fund Funds relating to Development activities within the company SLO Social Committee Income and expenditure relating to Social activities of SLO SLO General Reserve Funds held for general company activities SLO Charity Reserve Funds held specifically for charitable donations and specific collections
$C029172
Additional analysis (1)
4 Breakdown of unrestricted funds
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|---|---|---|---|---|---|---|---|---|
|SLO|Production|SLO Revenue|Total|Total|
|account|Account|unrestricted|unrestricted|
|funds|funds|last period|
|Receipts|T_|[-___se2][___|sez]|[a0|
|ee||eee|||sees|
|tegages|||
|Receipts from fundraising|activities|[=]|[at00||[7|4to0}|||[1,694]|||
|iGross trading|receipts||[_105,623Ti| |Same)13,587|||119,209sand__|||||20081,822|
|Rents from|land|&|buildings|ee|(cee ||[eT][ ae]|
|Gross receipts from other charitable|activities|| aS ||”|jean|
|Subtotal|[105623]||_15,565)[|127,208)||84,133 _|||
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|Receipts|from|asset &|investment sales|
|Proceeds|from|sale|of fixed|assets|
|Proceeds|from|sale|of investments|
|Sub|total|
|Total receipts|
|Payments|
|Gross trading payments|104,007||||[3,342]|||107,349|102,969|
|Investment management costs|‘earmancacs: |aoc:||amaaet 5 wmumneaieel|
|Payments|relating directly to chantabie actives|){|[sd]|[fd]]|
|ae|Sanne||MRA” |eames|
|Audi|independent examination]|[—=d|{ sd|||
|i |ee |eee|||[Gan]|
|Legal|costs] ||P TTL|
|eeSe|eR|LoLe|;ee Se oe)|
|aaT ara||Re, Rn |SMa|[|][ EN,]|
|Sub total|104,007||| —_—-3,342||107,349|102,969|
|Payments|relating|to asset and|investment|
|movements|
|Purchases|of fixed|assets|
|Purchase|of investments|
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Sub total Total payments 104,007 407,349 402,969 Surplus/ (deficit) for year 13,859 (18,836 [Nature and purpose of funds | Production Account : contains all the income and expenses attributable to our annual production. Revenue Account: contains all income and expenditure relating to the administration of the Company, including entry fees, subscriptions etc.
- §C029172
## Additional analysis (1)
## Analysis of receipts and payments
1 Donations Unrestricted F Total current x funds Restricted funds period Total last period to nearest £ to nearest £ to nearest£ to nearest £ — eee eee ane ee |ee 2 Grants Unresticted Restricted funds 7period = funds cag Total last period to nearest £ to nearest £ to nearest £ to nearest £ Total ao=soar=
## 3 Gross receipts from other charitable activities
## Total
Unrestricted F Total current Fi Ande. Restricted funds period Total last period to nearest £ to nearest £ to nearest £ to nearest £ ane= soem
## 4 Payments relating directly to charitable activities
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Total
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Unrestricted Total current ‘ ‘hunie Restricted funds period Total last period to nearest £ to nearest £ to nearest £ to nearest £ == ==
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_Independent examiner's reporton the accounts |
Report to the
Registered charity '§C029172 i iris a 7
number ial i ees _ oop" =
On the accounts of the a = = as a an i a
charity for the period eee Py ms ie a
1ST July 2024 to 30th June 2025
Set out on pages 1to5 ae “s ea, hin |
Respective The charity's trustees are responsible for the preparation of the accounts in accordance
responsibilities Of with the terms of the Charities and Trustee Investment (Scotland) 2005 Act and the
trustees and examiner Charities Accounts (Scotland) Regulations 2006. The charity trustees consider that the
audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not
apply. It is my responsibility to examine the accounts as required under section 44(1) (c)
of the Act and to state whether particular matters have come to my attention.
Basis of ieeapenianes My examination is carried out in accordance with Regulation 11 of the Charities
examiner’s statement Accounts (Scotland) Regulations 2006. An examination includes a review of the
accounting records kept by the charity and a comparison of the accounts presented with
those records. It also includes consideration of any unusual items or disclosures in the
accounts and seeks explanations from the trustees concerning any such matters. The
procedures undertaken do not provide all the evidence that would be required in an audit
and, consequently, | do not express an audit opinion on the accounts.
independent examiner’s wes ; a
statement 'n the course of my examination, no matter has come to my attention which gives me
reasonable cause to believe that, in any material respect, the requirements ie:
* to keep accounting records in accordance with section 44(1) (a) of the 2005 Act and
Regulation 4 of the 2006 Accounts Regulations, and
* to prepare accounts which accord with the accounting records and comply with
Regulation 9 of the 2006 Accounts Regulations
have not been met.
Signed: Date: =e joy IK :
Name:
qualification(s)Relevant professionalor body a AT
(if any):
a Pe
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