##
##
|OBJECTIVES AND ACTIVITIES|
|---|
|Objects|
|Measures ofsuccess In 2021/22|
|ln April 2021 ~ we received a grant off20,000 from the Foyle Foundation
to support
Future
Directions - working|
|with young people to explore their ideas about what opera could be for them. The first programme
Included
two
residential
workshops
In April and August 2022 and will culminate
with the release oftheir own digital opera.|
|ln Autumn
2021, MTW released
3 digital
opera
commissions
by Global
Majority
artists, as part of our new|
|programme,
New Directions: The House ofJollof Opera, Somehow and Pride (A Lion's Roar). To date, the digital
operas have reached an online audience of35,000 (via social media and YouTube), and a live audience of300at|
|cinema and festival screenings,|
|The House ofJollof Opera was selected to be shown at the Focus Wales Film Festival and subsequenfiy
won the|
|Celtic Film Award.|
|In September 2022, Somehow by Krystal SLowe end Jasmin Kent Rodgman was selected for the Cardif Mini Film|
|Fes5val, gMng this piece and New Direc5ons increased
and on~oing public engagement
and recognitlon.|
|Following
a posifive response
from our colleagues
at Opera
Philadelphia,
our digital operas were presented
on|
|their digital
platform
(to a further audience
of500 viewers)
in an exchange
with us sharing
links to some oftheir|
|work, bringing an unexpected
international
profile to this work.|
|Inspired
by our New Directions pieces, BBCStudios have invited us to explore creating an actual TVsoap opera.|
|We have been approached
by a major arts venue
to explore
creating
a larger scale hip+op opera. We are|
|interested,
but only when we and the artists are reedy - one step ata time.|
|Denis & Katya - the opera we axxxnmissioned
and co~roduoed
with Opera
Philadelphia
and which won the|
|Fedora prize for Opera and for which
philip Venables won an Ivor Novello Award, has received new producfions|
|in Montpelier,
Hannover,
Amsterdam
and Cambridge
end our production
will be seen in Pittsburgh
in May 2023,|
|Alex Ho was awarded
the Young Talent Composer
Award
by The Crifics Girds Awards
with special reference to|
|AMAZON, commissioned
by Music Theatre Wales.|
|April 2021 - We received poove Press reacfion to the streaming
ofthe opera we had cowmmissioned
in Welsh
in collaboration
with Theatr Genedhmthol
Cymru: YTwr by Guto Puw and Gwyneth
Glyn. 'A real tour de force of|
|performance
and utfimately
rather moving
Planet Hugill
the direcfion by Michael McCarthy isexceptional.
„ those|
|musical motifs by Guto Puw, the rhythm,
the lullaby, those lyrical moments - there are so many. And the emotions
by the characters are very eifective, we see Caryl in tears, the 51ght on Gwlon's face, all very credible. ' BBCRadio|
|Wales:
The opera is sobering, and it is apposite. (The pkty] may have been written
in the 70s, and premiered
pre-|
|Covid, but watching
now when, for the past year, our lives have shrunk and we have been forced to think about|
|priorities, makes ital the more moving.
Wales Arts Review. It received 507views.|
|The work we Arst identified for commission
in 2017from Tom Coult and Alice Birch was premiered
in June 2022 in|
|partnership
wfih Britten Pears Arts after atwofer delay due IoCovld. We are especially defighted
that the opera|
|has already been programmed
by companies
in Germany and France, an all too rare event fora new opera and in
such a short time. It is also worth
noting that early 2022 was spent ~sfing and re-contracfing
touring venues,|
|artists and crew for Violet as post-Covid
diaries meant that most ofthe original teem was unavailable.
We were|
|delighted
with the final Violet Company
and the performance
received an excep5onal metton from audience and
press with several 5' reviews:
Violet is the best new British Opera in years' (The Telegraph).|
|The trustees have referred to the guidance
contained
in the Charity Commission's
general guidance on public benefit and
the trustees consider how planned
activities
wifi contribute tothe alms and objectives they have set.|
##
##
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||Total|Total|
||||||funds||funds|funds|
|||||Notes|||||
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and legacies|||||225,612|21,500|247,112|285,908|
|Other trading activities|||||24||24|7,109|
|Investment
income|||||25||25|52|
|Other income||||||||~57
55|
|Total|||||225 661|21 500|247 161|350324|
|EXPENDITURE ON|||||||||
|Charitable
acthrltles|||||||||
|Advancing
education||ofthe public in the|||138,519|39,127|177,648|287,647|
|appreciation
ofnew|opera and music theatre||||||||
|Total|||||135519|39127||287 647|
||||||87,142|(17,627)|89,515|62,677|
|RECONCIUAllON|OF FUNDS||||||||
|Total funds brought||forward|||159,957|79,478|239,435|178,758|
|TOTAL FUNDS CARRIED FORWARD|||||247 099|61861|308 950|239435|
##
##
##
##
##
##
|3.|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|||||
|---|---|---|---|---|---|---|---|
||||||2022||2021|
||Donations||||4,270||1,270|
||Gift aid||||||2|
||Grants||||242|842|I
264636|
||||||247|112|285908|
||Grants received, induded|in|the above, are as follows:|||||
||||||2022||2021|
||||||F||F|
||Arts Council ofWales||||221,342||222+14|
||The Foyle Foundation||||20,000|||
||The Boltini Trust||||||5,000|
||Rdelfo Charitable
Trust||||||2,000|
||Emst von Siemens Music|Foundafion|||||21,119|
||The Marchus Trust||||||5,000|
||CardifF County Council - business|||rate relief|||10,000|
||Job Retenfion Scheme||||||19,303|
||Ty Cerdd||||'I|500||
||||||242,842||284.5$|
|4.|OTHER lltADING ACllVlllES|||||||
||||||2022||2021|
||||||||F|
||Venue fees and programme
Coyroduction/commission||sales
fees||||2,100
4,934|
||Other earned
income|||||24|75|
||||||||~7109|
|5.|INVESTMENT INCOME|||||||
||||||2022||2021|
||||||R|||
||Deposit account interest|||||25|52|
|IL|OTHER INCOME|||||||
||||||2022||2021|
||||||F|||
||Gain on sale oftangible fixed assets||||||661|
||Theabe tax relief||||||~56394|
||||||||~57 255|
##
|7.|CHARITABLE ACTMTIES COSTS|CHARITABLE ACTMTIES COSTS|CHARITABLE ACTMTIES COSTS|CHARITABLE ACTMTIES COSTS||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Direct|Support||
||||||||Costs (see|costs (see||
||||||||note 8)
f|note 9)
f|Totals
f|
||Advancing|education ofthe public||in|the|||||
||appreciation|ofnew opera and music||||||||
||theatre||||||70,911|106735|177,818|
|8.|DIRECT COSTSOF CHARITABLE||||ACTMTIES|||||
|||||||||2022f|2021f|
||Producbon|and performance||||||47,676|37,88'I|
||Sales and marketing|||||||18,479|6,504|
||Commission|fees||||||4,756|12000|
|||||||||~70 911|I
56385|
|||||||||Governance||
|9.|SUPPORT|COSTS||||||||
|||||Staff and||||||
|||||associated||||||
||||||costs
f|Other
f|Depreciation|costs
f|Totals
f|
||Advancing|educatton ofthe||||||||
||public in the appreciafion
new opera and music
theatre||of||I860|19799|3782|2294|106735|
|10.|NET INCOMEf(EXPENDITURE)|||||||||
||Net incomef(expenditure)||isstated|alter charging/(crediting):||||||
|||||||||2022f|2021f|
||Depreciation - owned assets|||||||845|2,628|
||Defidt on dhposal offixed assets|||||||2,937|2,280|
||Independent|examination|fees|||||~2000|~2000|
##
##
##
|STAFFCOSTS||||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|Wages and salaries
Social security costs
Other pension costs||||||74,806
2,'992
1 554|154,065
8,900
3122|
|||||||79352|166087|
|The average monthly
number of|employees||during the year was as follows:|||||
|||||||2022|2021|
|||||||3|4|
|No employees
received emohments||in excess||ofF60,000.||||
|Total key management
personnel|ramuneration|||paid in the year was|R50,126(2021:F78.340).|||
|Termination
payments
ofanil (2021:f20,820)were paid in the year.||||||||
|COMPARATIVES FOR THE STATEMENT|||OF FINANCIAL ACTMTIES-YEAR|||ENDED 31 MARCH|2021|
||||||Unrestricted|Restricted|Total|
||||||funds|funds|funds|
||||||F|||
|INCOME AND ENDOWMENTS|FROM|||||||
|Donations
and legacies|||||256,917|28,991|285,908|
|Other trading activities|||||2,759|4,350|7,109|
|Investment
Income|||||52||52|
|Other income|||||57255||~57 55|
|Total|||||316983|33,341|350,324|
|EXPENDITURE ON||||||||
|Charitable
actlvNes||||||||
|Advancing
education ofthe public In||the||||||
|apINaciation ofnew opera and music||theatre|||247,574|40,073|287,647|
|NET INCOME/(EXPENDITURE)|||||69,409|(6,732)|62,677|
|Tranalisra
between funds|||||~316)|7316||
|Net movement
in funda|||||62,093||62,677|
|RECONCIUATION
OF FUNDS||||||||
|Total funda brought forward|||||97,864|78,894|176,758|
|TOTAL FUNDS CARRIED FORWARD|||||159.957|79478|239435|
|14.|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|---|---|
|||||Fixtures|||
|||||and|OIIIce||
|||||Ilttings|equipment||
||COST||||||
||At 1 April 2021
Dispossls|||674
~674)|3,552
~3552|4,226
~46)|
||At 31 March 2022||||||
||DEPRECIATION||||||
||At 1 Apni 2021|||11|433|444|
||Charge for year|||135|710|845|
||Eliminated
on disposal|||~146)|~1,143|~1289|
||At31 March 2022||||||
||NET BOOKVALUE||||||
||At 31 March 2022||||||
||At 31March 2021|||663|3,119|3,782|
|15.|DEBTORS:AMOUNTS FALLING DUE WITHIN||ONE|YEAR|||
||||||2022|2021|
||||||K||
||Other debtors|||||3,230|
||VAT||||6,888|7,985|
||Prepayments
and accrued|inoome|||9,891|~62609|
||||||~16 779|~73 824|
|16.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||||
||||||2022
f|2021|
||Accruals and deferred income||||4,097|~8142|
|17.|LEASING AGREEMENTS||||||
||Minimum
lease payments|under non~ncellable|operating leases fall due as foNows:||||
||||||2022|2021|
||WNlM one year||||1,948|1,948|
||Between one and five years||||~1085|~2533|
||||||3,033|4,481|
||Operating lease payments|recognised as an expense||in the year were R6,948(2021:813,448).|||
##
##
|MO'I/EMENT|IN FUNDS|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1/4/21|in funds
f|funds|31/3/22
E|
|Unrestricted|funds|||||
|General
fund||99,957|87,142|(90,000)|97,09S|
|Designated
fund - contingency||60,000|||60,000|
|Designated
fund —VK)let by Tom||Coult||90000|90000|
|||159,957|87,142||247,099|
|Restricted funds||||||
|Violet by Tom|Coult|79,478|(28,839)||50,63S|
|Future Directions|||11,212||11,212|
|||79478|17627||61,851|
|TOTAL FUNDS||239435|69515||308950|
|Nel inovement|in funds, induded|in the above are asfollows:||||
||||Incoming|Resources|Movement|
||||fesoUIces|expended
f|in funds|
|Unrestricted|funds|||||
|General fund|||225,661|(138,519)|87,142|
|Restricted funda||||||
|Violet by Tom|Codt|||(28,839)|(28,839)|
|Future Directions|||21,500|~10,288)|11212|
||||21 600|39127|~17.627|
|TOTAL FUNDS|||247 181|~177646)|69,515|
##
|Cornparatives|for move|nrent
In funds|||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1/4/20|in funds|funds|31/3/21|
||||K|K|R|F.|
|Unrestricted|funda||||||
|General fund|||37,864|69,409|(7,316)|99,S57|
|Designated
contingency||fund|80000|||80000|
||||97,864|89,409|(7,316)|159,957|
|Restricted funds|||||||
|V)oiet by Tom|Couii||77,359|||79,478|
|Denis &Kaiya|Outreach||1,535||7,316||
||||78,894|8,732|7,316|79,478|
|TOTAL FUNDS|||176768|62677||239435|
##
|Comparative
|net movement
in funds, induded|in the above are as follows:|||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|||F.||F|
|Unrestricted|funda||||
|General fund||318,983|(247,574)|69,409|
|Restricted funds|||||
|Violet by Tom
Denis &Katya|Coult
Outreach|32,489
872|(30,350)
~8723||
|||33341|~40,073|6,732|
|TOTAL FUNDS||350324|~287.847|62677|
##
##
##
##
##
|||2022|2021|
|---|---|---|---|
|INCOME AND ENDOWMENTS||||
|DonaSoris and legacies||||
|Donations||4,270|1,270|
|Gift aid|||2|
|Grants||242 842|284828|
|||247,112|285,908|
|Other trading acNvlSss||||
|Venue fees and programme|sake||2,100|
|~uction/commission|fees||4,934|
|Other earned
income||24|75|
|||24|7,109|
|Investment
Income||||
|Depose account interest||25|52|
||||861|
||||56,394|
||||57255|
|||247,161|350,324|
|Charitable actlvlSes||||
|Production and performance||47,676|37,881|
|Sahs and marketing||18,479|6,504|
|Commission
fees||4,756|12,000|
|||70,911|56,385|
|Stipport costa||||
|Staffand aseoctatsd coals||||
|Wages||74,806|154,065|
|Social security||2,992|8,900|
|Pensions||1,554|3.122|
|Staff training||960|1,200|
|Recruitment
expenses||548|450|
||||167,737|
|Other||||
|Rent, ndes and stotage||6,000|19,112|
|Instsance||1,866|4,813|
|Light and hest||11|806|
|Telephone||1,548|3,853|
|Postage and stationery||3,546|3,295|
|Premises repairs arid maintenance||3,044|4,871|
|Research and development||1~131|95|
|Carried forward||17,146|38,845|
##
##
|||||2021|
|---|---|---|---|---|
|Other|||||
|Brought forward
Subscrlpthns|||17,146
'935|36,845
2,840|
|Accountancy|fees||1,604|10,089|
|Consultancy|and legal fees|||5,641|
|Bank interest|and charges||114|111|
||||19,799|55,526|
|Depreciation|||||
|Depreciation
Loss on sale|oftangible Ixed assets||845
2637|2,828
3 141|
||||3,782|5,769|
|Governance|costa||||
|Independent|examination|fees|2,000|2,000|
|Board expenses|||294|230|
||||2264|~230|
|Total resources expended|||177646|287847|
|Net Income|||65,515|62677|