Charlty registration number 1024723
Company rcgistratioll number 02820709 (England and Wales)
CARMARTHEN AND DISTRICT YOUTH OPERA
Annual report and unaudited financial statements
For the year ended 31 May 2024

CARMARTHEN AND DISTRICT YOUTH OPERA
LEGALAND ADMINISTRATIVE INFORMATION
Trustees
Mr M Rogers
Mrs H Hughes
Mr W Davies
Mrs S Rowlands
Miss H J Thorogood
Mrs R P Lewis
Secretary
Mrs H M Hughes
Charity number
1024723
Company number
02820709
Registered office
Tremle
Idole
Carniarthen
Carn]arthenshire
SA32 8DG

CARMARTHEN AIW DISTRICT YOUTH OPERA
CONTENTS
Page
Trustees, report
Independent examiner's report
Ststement of financial activiti¢s
Balanrx sheet
Notes to the financial statements
8-17

CARMARTHEN AND DISTRICT YOUTH OPERA
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MA Y2024
The Trustees present their report and accounts for the year ended 31 May 2024.
The a￿OUnts have been prepared in accordance with the Companies Act 2006 and the Statement of
Recommended Practice, "AccountAng and Reporting by Charities" issued in March 2005.
Objectives and activities
The company's objects are to promote, maints1￿ improve and advance education particularly by the
encouragement of the art of music and other arts and to the presentation of the pcrforniances with an
cducational and charitable purpose. Thc organisation adopts policies which ensure it actively pursues any
other charitable activity which can usefully be undertaken in support of thcsc objects and there has been
no change in these during the year.
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what
activities the company should undertake.
The Charity organised a production of "Our House" during the year.
Achievemellts and performance
Since 1979 the Company has grown and it has developed an outstanding reputation for the quality of its
productions. It has provided opportunities for hundreds of young children to excel in an inclusive
environment developing skills such as motivatioffj commitment, self confidence and discipline. The
Company has perfornied at the Waterford Musical Festival, the Buxton Festival and at a Gala supportftng
perforniance at the London Palladium. It is proud to be on¢ of th¢ most highly regarded cultural youth
organisations in Wales.
Financial review
The Charity made a loss before grants and donations of circa £20,000 on the production of "Our House"
The Trustees are aware of the sensitivity grant fimding has to the continuity of future productions.
It is the policy of the company that unrestricted funds which have not becn designated for a specific use
should be maintained at a level equivalent to at least 12 months of operations, excluding ￿ant funding
and sponsorships donated for the main production, which ensures it should be able to continue 12 months
while consideration is given to ways in which additional funds may be raised.
The Trustees have assessed the major risks to which the company is exposed, and ar¢ satisfied thal
systems are in place to mitigate exposure to the major risks.
Structur& governance and management
The company is a company limited by guarantee. The Board of trustees together with eighty or so
volunteers manage the operations and development of the organisation.

CARMARTHEN AND DISTRICT YOUTH OPERA
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
The trustees, who are also the directors for the purpose of company law. who served during the year
were:
Mr M Rogers
Mrs H Hugh¢s
Mr W Davies
Mrs S Rowlands
Miss H J Thorogood
Mrs R P Lewis
The Board of trustees approach existing volunteers who have shown an interest in becoming a trustee.
Individuals are invited to a meeting to discuss their skills. The board subsequently decides if their
attributes will add value to the management and development of the association.
None of the Trustees have any beneficial interest in the company. All of the Trustees ar¢ members of the
company and guarantee to contribute £1 in the event of a winding up.
The company's current policy concerning the payment of trade creditors is to follow the CBI'S Prompt
Payers Code (copies are available from the CBI, Centre Poin¢ 103 New Oxford Street, London WCIA
IDU).
The company's current policy concerning the payment of trade creditors is to:
settle the tenns of payment with suppliers when agreeing the tenns of each transaction.
ensure that suppliers are made aware of the ternis of payment by inclusion of the relevant ternis in
contracts. and
pay in accordance with the company's contractual and other legal oblAgations.
Trade creditors at the end of the year are - accountancy services £648.00 bank charges £5.00 and storage
Costs £300.00.
Th¢ Board meets on a regular basis (at least every 2 months). Each tn￿tre has a specific role and will
often work with a sub committee of volunteers.
There are no relevant related parties.

CARMARTHEN AND DISTRICT YOUTH OPERA
TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
On behalf of the board of Trustees
Mrm
ogers

CARMARTHEN AND DISTRICT YOUTH OPERA
INDEPENDENT EXAMll¥ER'S REPORT
TO THE TRUSTEES OF CARMARTHEN AIYD DISTRICT YOUTH OPERA
I report to the Trustees on my examination of the financial statements of Carniarthen and DistrACt Youth
Opera (the company) for the year ended 31 May 2024.
Responsibilities and basis of report
As th¢ Trustees of the company (and also its directors for the purposes of company law) you are
responsible for the preparation of the financial statements in accordance with the requirements of the
Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the company are not required to be audited under
Part 16 of the 2006 Act and are eligible for independent examination,
report in respecl of rny
examination of the company's financial statements carried out under section 145 of the Charities Act
2011 (the 20 I l Act). In carying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(5)(b) of the 201 l Act.
Independent examiner's statement
I have completed my examination. I confirni that no matters have come to my attention in connection
with the examination giving me cause to believ¢ that in any material respect:
accounting records were not kept in respect of the company as required by section 386 of the 2006
the financial statements do not accord with those records" or
the financial statements do not comply with the accounting requirements of section 396 of the 2006
Act other than any requirement that the accounts give a true and fair view which is not a matter
considered as part of an independent examinatfton" or
4 the financial statements have not been prepared in accordance with the methods and principles of the
ststement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawi in this report in order to enable a proper understanding of the financial
statements to be reached.
Dated: 31 October 2024

CARMARTHEN AND DISTRICT YOUTH OPERA
STATEMENT OF FINANCIALACTIvrfiES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR EIVDED 31 AUY2024
Unrestricted Restricted
funds
funds
2024
2024
Total Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Donations and legacies
Charitable activities
Investments
30247
33,529
2,609
30,247
33,529
2,609
30,817
62,823
659
30,817
62,823
659
Total income
66,385
66,385
94,299
94,299
ndi
Raising funds
4,869
4,869
5,847
5,847
Charitable activities
53,807
53,807
81,872
240
82,112
Other
11
3,891
3,891
2,672
2,672
Total resourees expended
62,567
62,567
90,391
240
90,631
Net ineome for the yearl
Net movement in funds
3,818
3,818
3,908
(240)
3,668
Fund balances at l June
2023
142,403
20
142,423
138,495
260
138,755
Fund balances at 31 May
2024
146,221
20
146,241
142,403
20
142,423
The statement of financial activities includes a]1 gains and losses recognised in the year.
The statement of financial activities includes all gains and losses recognised in the year. All income and
expenditure derive from continuing activities.
The statement of financial activities also complies with the r¢quirem¢nts for an income and expenditure account
under thc Companies Act 2006.

CARMARTHEN AND DISTIUCT YOUTH OPERA
BALANCE SHEET
ASAT31 MAY2024
2024
2023
Notes
Fixed assets
Intangible assets
Tangible assets
13
14
161
1,403
321
1.709
1,564
2,030
Current assets
Debtors
Cash at bank and in hand
15
6,906
138,724
141,336
145,630
141,336
Creditors: amounts fallfing due
Ivithin one yeAr
16
(953)
(943)
Net current assets
144,677
140.393
Total assets less current liabilities
146,241
142,423
Income funds
Restricted funds
Unrestricted fLmds
17
20
146,221
20
142,403
146,241
142,423

CARMARTHEN AND DISTRICT YOUTH OPERA
BALANCE SHEET (CONTINUED)
ASAT31 MAY2024
The company is entitled to the exemption from the audit requirement contained in section 477 of the
Companies Act 2006, for the year ended 31 May 2024.
The members have not required the company to obtain an audit in accordance with Section 476 of the
Companies Act 2006
The directors acknowledge their responsibilities for complying with the requirements of the Companies
Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small Gompanies regime.
6/Z
The financial ststements were approved by the Trustees on ............
Mrm
Thistee
ogers
Company Registration No. 02820709

CARMARTHEN AND DISTRICT YOUTH OPERA
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR EIVDED 31 MA Y2024
Accounting policies
Charity Information
Carniarthen and District Youth Opera is a private company limited by guarantee incorporated in
England and Wales. The registered office is Tremle, Idol¢, Carniarthen, Cannarthenshire, SA32
8DG.
1.1 Accounting convention
The financial statements have been prepared in accordance with the company's tbooks and rccords],
the Companies Act 2006 and "Accounling and Reporting by Charities: Stat¢ment of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting
Standard applicablc in the UK and Republic of Ireland (FRS 102)" (as amended for accounting
periods commencing from l January 2016). The company is a Public Benefit Entity as defined by
FKS 102.
The company has taken advantage of the provisions in the SORP for charities applying FRS 102
Update Bulletin I not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the company.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to
include the revaluation of freehold properties and to include investment properties and certain
financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that
the company has ad¢quate resources to continue in operational existence for the foreseeable future.
Thus the Trustces continue to adopt the going concern basis of accounting in preparing the financial
ststemcnts.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their
haritable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. £20 was
held at the start of the year for the purpose of helping potential members who may be unable to pay
membership subscriptions due to financial hardship.
Endowment funds are subject to specific conditions by donors that the capital must be maintsined
by th¢ company.

CARMARTHEN AND DISTRICT YOUTH OPERA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
Accounting policies
(Continued)
1.4 Incoming resources
Income is recognised when the company is legally entitled to it after any perforniance conditions
have been met, the amounts Can b¢ measured reliably, and it is probable that income will be
received.
Cash donations are recognised on receipt. Other donations are recognised once the company has
been notified of the donation, unless perforniance conditions require deferral of the amount. Income
tax recoverable in relation to donations received under Gift Aid or d¢¢ds of covcnant is recognised
at th¢ tim¢ of th¢ donation.
Legacies are recognised on receipt or otherwise if the company has been notified of an impending
distrAbution. the amount is known. and receipt is expectcd. If the amount is not known, the legacy is
treated as a contingent asset.
1.5 Resources expended
Expenditure 15 recognised once there is a legal or constructive obligation to transfer economic
benefit to a third party. it is probable that a transfer of ¢¢onomi¢ b¢n¢fits will be required in
s¢ttl¢m¢n( and th¢ amount of th¢ obligation Can be measured reliably.
Expenditure AS classified by activity. The costs of each activity are made up of the total of direct
costs and shared cost& including support costs involved in undertaking each activity. Direct cost¢
attrAbutable to a single activity are allocated directly to that activity. Shared costs which contribute
to more than one activity and support costs which are not attributable to a single activity are
apportioned between those activities on a basis consistent with the use of resources. Central sta
costs are allocated on the basis of time spenL and depreciation charges are allocated on the porti(m
of the asset's use.
1.6 Intangible r￿ed assets other than goodwill
Intangible assets acquired separately frorn a business are recognised at cost and are subsequently
measured at cost less accumulated amortisation and accumulated impairment losses.
Intangibl¢ ass¢ts acquircd on busin¢ss combinations are reco￿]ISed separdtely from goodwill at the
acquisition date where it is probable that the expected future economic bcnefits that arc attributable
to the asset will flow to the entity and the fair value of the asset can be measured reliably. th¢
intangible asset arises from contractual or other l¢gal rights. and th¢ intangible asset is s¢parable
from the entity.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values
over their useful lives on the following bases:
Website
200/0 on a Straight Line basis

CARMARTHEN AND DISTRICT YOUTH OPERA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
Accounting policies
{Continued)
1.7 Tangible flxed Assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation,
net of depreciation and any irnpairment losses.
Tangible f￿¢d assets are stated at cost.
Plant and machinery
I OL)/o on a Straight Line basis
Th¢ gain or loss arising on the disposal of an asset is deternlined as the difference between the sale
proceeds and the carrying value of the ass¢L and is recognised in the statement of financial
activities.
1.8 Impairment of fixed assets
At each reporting end date, the company reviews the carrying amounts of its tangible and intangible
assets to deterniine whether there is any indication that those assets have suffered an impairnient
loss. If any such indication exists, the recoverable amount of the asset is estimated in order to
det¢rn)ine the extent of the impainnent loss (if any).
1.9 Cash and eash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tem
liquid investments with original maturities of three months or less, and bank overdrafts. Bank
overdrafts are shown within borrowings in current liabilities.
1.10 Financial instruments
The cornpany has elected to apply the provisions of Section I I 'Basic Financial Instriiments, and
Section 12 '0th¢r Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes
party to the contractual provisions of the instrument.
Financial assets and liabilities ar¢ offseL with the net amounts presented in the financial statements,
when there is a legally enforc¢able right to set off the recognised amounts and there is an intention
to Kttle on a net basis or to realise the asset and settle the liability simultaneously.
Basicfinancial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction PTice including transaction costs and are subsequently carried at amortised cost using the
effective interest method unless the arrangement constitutes a financing transactio￿ where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets Classified as receivable within on¢ year are not amortised.
10-

CARMARTHEN AND DISTRICT YOUTH OPERA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR EJVDED 31 hL4Y2024
Accounting policies
(Contlnued)
Basiefinancidl liobilities
Basic fmancial liabilities, including creditors and bank loans are initially recognised at transaction
price unless the arrangement constitutes a financing transactioffj where the debt instrument is
measured at the present value of the future payments discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost. using thc effective interest rdtc
method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordin
course of operations from suppliers. Amounts payable are classified as current liabilities if payment
is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost using the
effective interest method.
Critical accounting estimates and judgements
In the application of the company's accounting p)licies, the Trustees are required to make
judgements, estimates and assumptions about the carrying amount of assets and liabilities that are
not readily apparent from other sources. The estin]ates and associated assumptions are based on
historical expcriencc and other factors that are considered to be relevant. Actual results rnay differ
from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the p¢riod in which the estimate is revised where the revisi(x]
affects only that period, or in the period of the revision and future periods where the revision afftcts
both current and future periods.
Donations and legacles
Unrestrictsd Unrestricted
funds
funds
2024
2023
Donations and gifts
M¢mb¢rship fees
24,072
6.175
24,637
6,180
11

CARMARTHEN AND DISTRICT YOUTH OPERA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
Income from charitable activlties
Unrestricted Unrestricted
funds
funds
2024
2023
Ineome analysis
Sales within Charitsble activities
Ancillary trading income
1,511
31018
1,530
61,293
33.529
62,823
Investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest receivable
2,609
659
Raising funds
Unrestricted Unrestricted
funds
funds
2024
2023
Fundraisin
tradin
Other trading activities
4,869
5,847
4,869
5,847
12-

CARMARTHEN AND DISTRICT YOUTH OPERA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR E]VDED 31 MA Y2024
Charitable aetivities
Depreciation Depreciation
Charge forcharge for the
the Year
Year
2024
2023
Depreciation and impairnlent
Show Expenses
306
53,501
306
81,806
53,807
82,112
53,807
82,112
Analysis by fund
Unrestricted funds
Restricted funds
53,807
81,872
240
Net movement in funds
2024
2023
The net movement in funds is stated after charging/(crediting):
Depreciation of owned tangible fixed assets
Amortisation of intangible assets
306
160
306
160
Trustees
None of the Trustees (or any persons connected with them) received any remuneration during the
year.
10 Employees
The average monthly number of employees during the year was:
2024
Number
2023
Number
Totsl
13-

CARMARTHEN AND DISTRICT YOUTH OPERA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
10 Employees
(Continued)
There were no employees whose annual remuneration was more than £60,000.
11 Other
2024
2023
General Expenses
3,891
2,672
3.891
2,672
12 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable
purposes.
13 Intangible fixed assets
Website
Cost
At l June 2023 and 31 May 2024
801
Amorti5ation and impalrment
At l June 2023
Amortisation charged for the year
480
160
At 31 May 2024
640
Carrying amount
At 31 May 2024
161
At 31 May 2023
321
14-

CARMARTHEN AND DISTRICT YOUTH OPERA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR E]VDED 31 MA Y2024
14 Tangible fixed assets
Plant And
rnachlllery
Cost
At l June 2023
9,802
At 31 May 2024
9,802
Depreciation and impairment
At l June 2023
Depreciation charged in the year
8.093
306
At 31 May 2024
8,399
Carrying amount
At 31 May 2024
1,403
At 31 May 2023
1,709
15 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
3,000
3,906
6,906
16 Creditors: amounts falling due within one year
2024
2023
Trade creditors
953
943
£953 represents accountancy fees, bank charges and storage costs.
15-

CARMARTHEN AND DISTRICT YOUTH OPERA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MA Y2024
17 Restrieted funds
The restricted funds of th¢ charity comprise the unexpended balances of donations and grants held
on trust subject to specific conditions by donors as to how they may be used.
At l June Resources At 31 May
2023
expended
2024
Movement in the year
20
20
Previous yeydr:
At l June R￿ourCeS At 31 May
2022
expended
2023
260
(240)
20
18 Unrestrieted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants
which are not subj¢ct to specific conditions by donors and grantors as to how th¢y may be used.
These includ¢ deSI￿ated funds which have been set aside out of unrestricted funds by the trnstees
for sp¢cific pury)os¢s.
At l June
2023
Incomtng Resources At 31 May
resources
expended
2024
General funds
142,403
66,385
(62.567)
146,221
Previous year:
At l Junc
2022
Incoming Resources At 31 May
resources
expended
2023
General funds
138,495
94,299
(90,391)
142,403

CARMARTHEN AND DISTRICT YOUTH OPERA
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY2024
19 Analysis of net assets between funds
Unrestricted funds Restricted
funds
Total Unrestricted Restricted
funds
funds
Total
2024
2024
2024
2023
2023
2023
Fund
balances at
31 May
2024 are
represented
by:
Intangible fixed
assets
Tangible assets
Current assets/
(liabilities)
161
1,403
161
1,403
321
1,709
321
1,709
144,657
20
144,677
140,373
20
140,393
146,221
20
146,241
142,403
20
142,423
20 Related party transactions
There were no disclosable related party transactions during the year (2023 - none).
17-