IRIS Accounts Production v24.3.2.46 Other Company accounts True false Pounds 1.5.23 30.4.24 30.4.24 FY Alison McGregor McKay Gregor Douglas Lamb Shona Christine Sandison Kirsty Jane Tomassi Gillian Sarah Reilly Katharine Anne Williamson Pamela Walinck Clilverd Angela Mary Thomson Duncan Amy Elaine MacRae Pamela Walinck FRS 102 Independent examiner Small companies regime for accounts Full Charities SORP true true true true false true false false 0 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2944152023-04-30SC2944152024-04-30SC2944152023-05-012024-04-30SC2944152022-04-30SC2944152022-05-012023-04-30SC2944152023-04-30SC294415ns0:CharitableCompanyLimitedByGuarantee2023-05-012024-04-30SC294415ns15:PoundSterling2023-05-012024-04-30SC294415ns0:Trustee22023-05-012024-04-30SC294415ns0:Trustee12023-05-012024-04-30SC294415ns0:Trustee32023-05-012024-04-30SC294415ns0:Trustee42023-05-012024-04-30SC294415ns0:Trustee52023-05-012024-04-30SC294415ns0:Trustee62023-05-012024-04-30SC294415ns0:Trustee72023-05-012024-04-30SC294415ns0:Trustee82023-05-012024-04-30SC294415ns0:Trustee92023-05-012024-04-30SC294415ns0:Trustee102023-05-012024-04-30SC294415ns11:FRS1022023-05-012024-04-30SC294415ns11:IndependentExaminationCharity2023-05-012024-04-30SC294415ns11:SmallCompaniesRegimeForAccounts2023-05-012024-04-30SC294415ns11:FullAccounts2023-05-012024-04-30SC294415ns11:CharitiesSORP2023-05-012024-04-30SC294415ns16:EnglandWales2023-05-012024-04-30SC294415ns11:RegisteredOffice2023-05-012024-04-30SC294415ns11:CompanySecretary12023-05-012024-04-30SC294415ns0:Activity82023-05-012024-04-30SC294415ns0:Activity82022-05-012023-04-30SC294415ns10:WithinOneYear2024-04-30SC294415ns10:WithinOneYear2023-04-30SC294415ns0:TotalUnrestrictedFunds2024-04-30SC29441512023-05-012024-04-30SC294415ns10:FurnitureFittingsToolsEquipment2023-05-012024-04-30SC29441522023-05-012024-04-30SC29441532023-05-012024-04-30SC29441512023-05-012024-04-30SC29441512022-05-012023-04-30SC294415ns10:FurnitureFittings2023-04-30SC294415ns10:FurnitureFittings2024-04-30SC294415ns10:FurnitureFittings2023-04-30
REGISTERED COMPANY NUMBER: SC294415 (Scotland)
REGISTERED CHARITY NUMBER: SC028788














Report of the Trustees and

Financial Statements for the Year Ended 30 April 2024

for

The Bohemians Lyric Opera Company

The Bohemians Lyric Opera Company






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Report of the Trustees 1

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6

Notes to the Financial Statements 8

The Bohemians Lyric Opera Company (Registered number: SC294415)

Report of the Trustees
for the Year Ended 30 April 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
The principle objective of Bohemians Lyric Opera Company ("the charity", "the company") is to promote the advancement and improvement of general education in relation to all aspects of the study, rehearsal and public performance of light opera, choral and dramatic works with such professional assistance which may be necessary to achieve the highest possible standards.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
In August 2023, the Company staged our concert 'Absolutely Iconic' as part of the Edinburgh Festival Fringe at St Andrew's and St George's West (13 George Street, Edinburgh, EH2 2PA). A Scottish AIDS charity (Waverley Care) was granted front-of-house facilities to make daily cash collections and together with assistance from charity volunteers, £570 was realised.

In December 2023, the Company staged another 'Proper CrimBoh' Christmas concert, with 3 performances at Stockbridge Parish Church, (7b Saxe Coburg Street, Edinburgh, EH3 5BN), Craigsbank Church (19 Craigs Bank, Edinburgh, EH12 8HD) and St Matthew's Church (Tay Street, Perth, PH1 5LQ) where £90 from the interval drink proceeds was donated to the Perth Food Bank. We raised £216.48 for the local charity The Rock Trust over the 3 performances and donated an additional £283.52 from our interval drinks donations from our Edinburgh performances to them.

For our main show, under the tutelage of professional Musical and Stage Directors, 36 people (including students) auditioned, rehearsed and finally took part in 6 performances of the stage musical 'Sunshine of Leith' at the Church Hill Theatre in Edinburgh. Waverley Care was granted front-of-house facilities to make cash collections with £729.62 was realised.

FINANCIAL REVIEW
Financial position
During the year Bohemians Lyric Opera Company had income of £70,223 (2023: £50,658) and expenditure of £57,872 (2023: 43,552). This has led to a net surplus of £12,351 (2023: 7,106).

Reserves policy
Reserves are currently £88,509 (2023: 76,158), all reserves are free and unrestricted with no reserves held as fixed assets.

The Bohemians Lyric Opera Company has a reserves policy to meet the on-going needs of the charity, as well as keeping six months of costs and winding up costs provided for. The trustees are satisfied that the current level of reserves is appropriate to meet this policy.

FUTURE PLANS
Arrangements similar to those above will be put in place for our Edinburgh Fringe and Christmas concerts and a production of 'Priscilla Queen of the Desert' in the Festival Theatre, Edinburgh. A review of the arrangements with Waverley Care and The Rock Trust will take place in a spirit of mutual assistance.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity is a Company Limited by Guarantee and is governed by its Memorandum and Articles of Association, dated 13 December 2005.

Recruitment and appointment of new trustees
Trustees are recruited through club members, there are currently nine Trustees who are elected annually at the Charity's Annual General Meeting.


The Bohemians Lyric Opera Company (Registered number: SC294415)

Report of the Trustees
for the Year Ended 30 April 2024


STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
Executive Committee: This consists of the Trustees. The Committee oversees all aspects of the charity's interests.

Production Committee: This consists of a number of the Trustees nominated by the Executive Committee, a professional Musical Director, Director and Choreographer appointed by the Executive Committee plus an unspecified number of specialised technical assistants, the number of which depends upon the nature of the work being performed.

Induction and training of new trustees
An induction programme for new Trustees is in place. Training on particular aspects of governance is provided for by the existing Board of Trustees.

Risk management
The Trustees have done their duty in identifying and reviewing the risks to which the charity is exposed and have ensured that appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
SC294415 (Scotland)

Registered Charity number
SC028788

Registered office
60 Constitution Street
Edinburgh
Lothian
EH6 6RR

Trustees
Mrs A M T Duncan Resigned 01.08.2024
Mr G D Lamb
Miss A E Mcrae Appointed 04,07,2023
Mrs A M McKay
Miss G S Reilly
Miss S C Sandison
Mrs K J Tomassi
Ms P Walinck
Miss K Williamson

Company Secretary
Shona Christine Sandison

Independent Examiner
Mathew R J Gillies LLB(Hons) ACPA FCIE
Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

Approved by order of the board of trustees on 26 January 2025 and signed on its behalf by:




The Bohemians Lyric Opera Company (Registered number: SC294415)

Report of the Trustees
for the Year Ended 30 April 2024



Gregor Douglas Lamb - Trustee

Independent Examiner's Report to the Trustees of
The Bohemians Lyric Opera Company

I report on the accounts for the year ended 30 April 2024 set out on pages five to thirteen.

Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity's 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 the independent examiner's report
My examination was carried out in accordance with Regulation 11 of the Charities 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 seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement
In connection with my examination, no matter has come to my attention :

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

- 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 to comply with Regulation 8 of the 2006 Accounts Regulations

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.








Mathew R J Gillies LLB(Hons) ACPA FCIE
Full member of the Association of Charity Independent Examiners

Cowan & Partners Limited
60 Constitution Street
Edinburgh
EH6 6RR

27 January 2025

The Bohemians Lyric Opera Company

Statement of Financial Activities
(Incorporating an Income and Expenditure Account)
for the Year Ended 30 April 2024

30.4.24 30.4.23
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 20,598 16,407

Charitable activities 4
Theatre 48,955 34,002

Investment income 3 670 249
Total 70,223 50,658

EXPENDITURE ON
Charitable activities 5
Theatre 57,872 43,552

NET INCOME 12,351 7,106


RECONCILIATION OF FUNDS
Total funds brought forward 76,158 69,052

TOTAL FUNDS CARRIED FORWARD 88,509 76,158

CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.

The Statement of financial activities includes all gains and losses recognised in the year.

The Bohemians Lyric Opera Company (Registered number: SC294415)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Unrestricted Total
fund funds
Notes £    £   
CURRENT ASSETS
Debtors 10 26,395 24,307
Cash at bank and in hand 63,687 52,881
90,082 77,188

CREDITORS
Amounts falling due within one year 11 (1,573 ) (1,030 )

NET CURRENT ASSETS 88,509 76,158

TOTAL ASSETS LESS CURRENT LIABILITIES 88,509 76,158

NET ASSETS 88,509 76,158
FUNDS 12
Unrestricted funds 88,509 76,158
TOTAL FUNDS 88,509 76,158

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


The Bohemians Lyric Opera Company (Registered number: SC294415)

Balance Sheet - continued
30 April 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 26 January 2025 and were signed on its behalf by:





Gregor Douglas Lamb - Trustee

The Bohemians Lyric Opera Company

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts are presented in sterling which is the charity's functional currency, and rounded to the nearest pound.

No changes have been made to the basis of preparing the financial statements this year or to the previous year's financial statements.

Going Concern
The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern, and reserves held are in line with the reserves policy on page 1 of the accounts, and therefore the accounts are prepared on a going concern basis.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements conforms with the requirements of the Charities SORP and general accepted accounting principles. The only area in which it is considered that accounting estimates and areas of judgement have been applied is depreciation, the policy on which is outlined below.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Fixtures and fittings - 25% on cost

The policy is to capitalise assets where they have an expected useful life of over one year. All assets in the current year have been fully depreciated and have a net book value of nil.

Impairment
Assets are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Taxation
The charity is exempt from corporation tax on its charitable activities.


The Bohemians Lyric Opera Company

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

1. ACCOUNTING POLICIES - continued

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Measurement of debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net or any trade discounts due.

Cash at Bank and on Hand

Cash at bank and cash in hand includes cash and any short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and Loans

Creditors and loans are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and loans are normally recognised at their settlement amount after allowing for any trade discounts due.

VAT
The Bohemians Lyric Opera Company is not VAT registered and therefore expenditure is recognised gross of VAT.

2. DONATIONS AND LEGACIES
30.4.24 30.4.23
£    £   
Sponsors and donations 786 4,084
Gift aid 670 747
Tuck shop income - 35
Theatre tax credits 13,900 7,029
Subscriptions 2,729 2,488
Social fundraising 829 889
Raffle 1,062 557
Scores and libs 259 228
Tea sales 333 -
Noda reward refund 30 -
Sale of hoodies - 350
20,598 16,407


The Bohemians Lyric Opera Company

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. INVESTMENT INCOME
30.4.24 30.4.23
£    £   
Deposit account interest 670 249

4. INCOME FROM CHARITABLE ACTIVITIES
30.4.24 30.4.23
Activity £    £   
Charitable activities Theatre 48,955 34,002

5. CHARITABLE ACTIVITIES COSTS
Direct
Costs (see Support
note 6) costs Totals
£    £    £   
Theatre 56,792 1,080 57,872

6. DIRECT COSTS OF CHARITABLE ACTIVITIES
30.4.24 30.4.23
£    £   
Sundries 1,054 -
Sales commission - 142
Concert expenses 6,251 3,337
Costume hire and transport 1,241 1,526
Scenery hire and transport 3,129 1,745
Theatre props and labour 1,354 -
Stage and sound management 1,750 1,500
Acting rights and royalties 8,285 3,671
Theatre catering 243 176
Xmas show expenses 1,404 933
Hire of hall and theatre 12,141 8,330
Insurance 860 852
Director, music director etc 16,108 15,307
Purchase of hoodies - 426
Printing, posts and stationery 907 1,072
Advertising and marketing - 2,081
Sundry expenses 426 451
Repairs and renewals 401 -
Subscriptions 245 230
Professional fees 793 13
Donations - 500
Tuck shop expenses 200 50
56,792 42,342


The Bohemians Lyric Opera Company

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 April 2024 nor for the year ended 30 April 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2024 nor for the year ended 30 April 2023.


8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 16,407

Charitable activities
Theatre 34,002

Investment income 249
Total 50,658

EXPENDITURE ON
Charitable activities
Theatre 43,552

NET INCOME 7,106


RECONCILIATION OF FUNDS
Total funds brought forward 69,052

TOTAL FUNDS CARRIED FORWARD 76,158


The Bohemians Lyric Opera Company

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023 and 30 April 2024 530
DEPRECIATION
At 1 May 2023 and 30 April 2024 530
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 26,395 24,307

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other creditors 1,573 1,030

12. MOVEMENT IN FUNDS
Net
movement At
At 1.5.23 in funds 30.4.24
£    £    £   
Unrestricted funds
General fund 76,158 12,351 88,509

TOTAL FUNDS 76,158 12,351 88,509

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 70,223 (57,872 ) 12,351

TOTAL FUNDS 70,223 (57,872 ) 12,351


The Bohemians Lyric Opera Company

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.5.22 in funds 30.4.23
£    £    £   
Unrestricted funds
General fund 69,052 7,106 76,158

TOTAL FUNDS 69,052 7,106 76,158

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 50,658 (43,552 ) 7,106

TOTAL FUNDS 50,658 (43,552 ) 7,106

13. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 April 2024 nor the year ended 30 April 2023.