## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| |||Notes|funds
f|funds
f|funds
f|fundsf| |INCOME AND ENDOWMENTS|FROM|||||| |Donations
and legacies||3|243,082|17,542|260,624|247,112| |Other trading
activities||4|42,145||42,145|24| |Investment
income||5|509||509|25| |Total|||285,736|17,542|303,278|247,161| |EXPENDITURE ON||||||| |Charitable
activities||||||| |Advancing
education ofthe public in the||||||| |appreciation
of new opera and|music theatre||259,176|79,393|338,569|177,646| |NET INCOME/(EXPENDITURE)|||26,560|(61,851)|(35,291)|69,515| |RECONCILIATION
OF FUNDS||||||| |Total funds
brought
forward|||247,099|61,851|308,950|239,435| |TOTAL FUNDS CARRIED FORWARD|||273,659||273,659|306,950| ## ## ## ## ## ## ## ## ## ## |Fixed assets|are initially recorded at cos|t, including
the estima|ted
cost ofany donated assets.| |---|---|---|---| |Depreciation|is provided at the following|annual
rates in order|to write offeach asset over its useful economic life.| |Instruments|and accessories|-20% on a straight|line basis| |Fixtures and|fittings|-20% on a straight|line basis| |Office equipment||-20%on a straight|line basis| ## ## ## ## |3.|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|||| |---|---|---|---|---|---|---|---| |||||||2023|2022| |||||||F|F| ||Donations|||||1,055|4,270| ||Grants|||||259,569|242,842| |||||||260,624|247,112| ||Grants received,|included||in the above, are as follows:|||| |||||||2023|2022| |||||||E|| ||Arts Council ofWales|||||231,627|221,342| ||Garfield Weston|Foundation||||10,000|| ||The Foyle Foundation||||||20,000| ||RVW Trust|||||2,000|| ||PRS Foundation|||||2,500|| ||Other|||||400|| ||Ernst von Siemens Music|||Foundation||5,042|| ||Ty Cerdd|||||2,750|1,500| ||Anthem
Music Fund|||||5,250|| |||||||259,569|242,842| |4.|OTHER TRADING ACTIVITIES||||||| |||||||2023|2022| |||||||E|F| ||Other earned income|||||42,145|24| |5.|INVESTMENT INCOME||||||| |||||||2023f|2022| ||Deposit account|interest||||509|25| |6.|CHARITABLE ACTIVITIES COSTS||||||| ||||||Direct|Support|| ||||||Costs (see|costs (see|| ||||||note 7)|note 8)|Totals| ||Advancing
education||ofthe public in the||||| ||appreciation
ofnew opera|||and music|||| ||theatre||||223,315|115,254|338,569| ## ## ## ## ## |||||||||2023
f|2022f| |---|---|---|---|---|---|---|---|---|---| |Production||and performance||||||202,864|47,676| |Sales and|marketing|||||||14,577|18,479| |Commission||fees||||||5,874|4,756| |||||||||223,315|70,911| |SUPPORT||COSTS|||||||| |||||||Staff and|||| |||||||associated||Governance|| |||||||costs
f|Other
f|costs
f|Totals
f| |Advancing|education||ofthe public||in the||||| |appreciation||of new opera and music theatre||||95,710|16,990|2,554|115,254| |NET INCOME/(EXPENDITURE)|||||||||| |Net income/(expenditure)||||is stated|after charging/(crediting):||||| |||||||||2023|2022| |||||||||f|| |Depreciation||- owned|assets||||||845| |Deficit on disposal of|||fixed assets||||||2,937| |Independent||examination||fees||||2,000|2,000| ## ## ## |STAFF COSTS|||||| |---|---|---|---|---|---| |||||2023
f|2022f| |Wages and salaries||||89,414|74,806| |Social security costs||||3,929|2,992| |Other pension costs||||2,105|1,554| |||||95,448|79,352| |The average
monthly|number ofemployees|during|the year was as follows:||| |||||2023|2022| |Average
number ofemployees||||3|3| ## ||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |12.|COMPARATIVES FOR|THE STATEMENT OF||||FINANCIAL ACTIVITIES|||||| ||||||||Unrestricted|||Restricted|Total| ||||||||funds
f|||funds
f|fundsf| ||INCOME AND ENDOWMENTS|||FROM|||||||| ||Donations
and legacies||||||225,612|||21,500|247,112| ||Other trading
activities||||||||24||24| ||Investment
income||||||||25||25| ||Total||||||225,661|||21,500|247,161| ||EXPENDITURE ON||||||||||| ||Charitable
activities||||||||||| ||Advancing
education
ofthe public||||in the||||||| ||appreciation
ofnew opera||and music theatre||||138,519|||39,127|177,646| ||NET INCOME/(EXPENDITURE)||||||87,142|||(17,627)|69,515| ||RECONCILIATION
OF FUNDS||||||||||| ||Total funds brought
forward||||||159,957|||79,478|239,435| ||TOTAL FUNDS CARRIED||FORWARD||||247,099|||61,851|308,950| |13.|DEBTORS:AMOUNTS
FALLING||||DUE WITHIN|ONE YEAR|||||| |||||||||||2023
f|2022
f| ||VAT|||||||||3,639|6,888| ||Prepayments
and accrued||income|||||||2,370|9,891| |||||||||||6,009|16,779| |14.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||||| |||||||||||2023
f|2022
f| ||Accruals and deferred
income|||||||||5,424|4,097| |15.|LEASING AGREEMENTS||||||||||| ||Minimum
lease payments|under non-cancellable||||operating|leases fall due|as|follows:||| |||||||||||2023|2022| ||Within one year|||||||||1,658|1,948| ||Between one and five years||||||||||1,085| |||||||||||1,658|3,033| ## ## |MOVEMENT
IN FUNDS||||||| |---|---|---|---|---|---|---| |||||Net|Transfers|| |||||movement|between|At| ||||At 1/4/22
f|in funds
f|funds
f|31/3/23
f| |Unrestricted
funds||||||| |General
fund|||97,099|94,660|(108,100)|83,659| |Designated
fund - contingency|||60,000|||60,000| |Designated
fund - Violet|by Tom|Coult|90,000|(68,100)|(21,900)|| |Designated
fund —Prosser Rhys||—Atgof|||25,000|25,000| |Designated
fund —Street Art Opera|||||75,000|75,000| |Designated
fund —Yasuke —commission|||||30,000|30,000| |and creative fees||||||| ||||247,099|26,560||273,659| |Restricted funds||||||| |Violet by Tom Coult|||50,639|(50,639)||| |Future Directions|||11,212|~11,212)||| ||||61,851|~61.851)||| |TOTAL FUNDS|||308,950|~35,291)||273,659| |Net movement
in funds,|included|in the above are as follows:||||| |||||Incoming|Resources|Movement| |||||resources
f|expended|in funds| |Unrestricted
funds||||||| |General fund||||285,736|(191,076)|94,660| |Designated
fund - Violet|by Tom|Coult|||~68.100)|~68.100)| |||||285,736|(259,176)|26,560| |Restricted funds||||||| |Violet by Tom Coult||||9,542|(60,181)|(50,639)| |Future Directions||||8,000|~19,212)|~11,212)| |||||17,542|~79,393|~67,851| |TOTAL FUNDS||||303,278|~338,569)|~35.291)| ## |Comparatives
for movement
in funds||||| |---|---|---|---|---| |||Net|Transfers|| |||movement|between|At| ||At 1/4/21
f|in funds
f|funds|31/3/22| |Unrestricted
funds||||| |General
fund|99,957|87,142|(90,000)|97,099| |Designated
fund - contingency|60,000|||60,000| |Designated
fund - Violet by Tom Coult|||90,000|90,000| ||159,957|87,142||247,099| |Restricted funds||||| |Violet by Tom Coult|79,478|(28,839)||50,639| |Future Directions||11,212||11,212| ||79,478|17,627||61 851| |TOTAL FUNDS|239,435|69,515||308,950| ## ## ## ## ## ##