The Ripon Operatic Summer School
COMPANY REGISTERED NUMBER: 3447358 CHARITY REGISTERED NUMBER: 1065859
FINANCIAL STATEMENTS FOR THE YEAR ENDED - - 31 Dec 23
Page 1
THE RIPON OPERATIC SUMMER SCHOOL ANNUAL REPORT OF THE DIRECTORS & TRUSTEES - Year Ending 31st December 2023
Reference & Administrative Details
COMPANY REGISTERED NUMBER: 3447358
CHARITY REGISTERED NUMBER: 1065859
The charity's registered name is The Ripon Operatic Summer School. It is widely known as and referred to as ROSS or the ROSS Summer School
The registered office address is Walton, Quickley Rise, RICKMANSWORTH Herts WD3 5PE
The Directors & Trustees who served during the year were:
B Raven
J Sheppard N Scott R Wicks D Hargreaves (appointed 1 Oct 2023)
Structure, Governance and Management
The Ripon Operatic Summer School is a Company Limited by Guarantee and not having share capital. The company has Articles of Association and the Trustees retire by rotation and are appointed or reappointed at any general meeting.
One of the key decisions of the Trustees is to appoint a management team largely of volunteers to run the performance-focussed summer school for adults. The school provides a concentrated, immersive week of musical theatre during which participants learn and improve performance skills in a supportive, fun environment. The role of the management team is to deliver an effective learning environment which enables both experienced and novice performers to thrive and improve all aspects of their staging and performance craft.
Objectives and Activities
The principal activity of the company and charity is organising an annual operatic summer school. To further the education and enjoyment of theatre and the arts for adults.
The trustees have had regard to the Charity Commission's guidance on public benefit. The educational summer school is open to anyone over the age of 18 with an interest in theatre performance. The course is structured to provide significant support and engender confidence as the participants improve their understanding of producing a theatrical performance and developing performance skills. There are also significant benefits to physical and mental well-being and the participants are inspired to use their learning and improved confidence when returning to their lives at the end of the course.
In order to encourage the widest take-up, the trustees offer financial support to attendees, providing bursaries for those in education and to new attendees.
Achievements and Performance
Since 2014 the Summer School has held the one week residential school at the University of Lancaster. 2023 was a challenging year as the University were unable to confirm the booking until very late and the school was launched much later than in previous years and with a smaller capacity. The school would normally run three parallel classes but the reduced capacity meant a reduction to two rather than the usual three classes. Because of these challenges the course attendees were reduced from previous years. The management team managed costs extremely effectively and the school was delivered with no loss of standard and received positive reviews from the attendees.
Page 2
Financial Review
Following a loss-making financial year in 2022, the year ending 31st December 2023 returned a profit largely because of the tight management of the external costs. The 2023 profit has replenished most of the reserves which were reduced by the loss in 2022. The Trustees have been building the reserves to cover the external costs of one year to ensure costs can be covered in the event of an unexpected cancellation as, for example, occured with the COVID pandemic.
Significant donations were made during the year including from a Trust and individual donors, including some who attended the course and were prepared to make a much appreciated additional contribution.
The course has been successfully run again in 2024 at Lancaster University and the Trustees are confident that the charity is an ongoing concern. The Ripon Operatic Summer School's assets in cash and in the bank held at the end of the 2023 finacial year are £42,616 . The cash at the bank is held in a fixed term deposit account. There are no other assets.
The report of the directors has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006
Lisa Dick (FCCA) was appointed by the Trustees to audit the accounts and confirm they give a true and fair view for the period.
The trustees declare that they have approved the trustees’ report (including directors’ report) above.
Signed on behalf of the charity’s trustees/directors
Nicola J Scott Director
Date 06/09/24
Page 3
The Ripon Operatic Summer School Income Statement for the Year Ended 31st December 2023
| Revenue Donations to Charity Total Revenue Cost of Sales Gross Margin Administrative Expenses EBITDA Interest Receivable PROFIT/ (LOSS) |
2023 42,260 4,501 46,760 38,190 8,570 4,843 3,727 156 3,883 |
2022 45,766 4,825 |
||
|---|---|---|---|---|
| 50,590 48,785 |
||||
| 1,806 6,974 |
||||
| (5,169) 12 |
||||
| (5,156) |
Page 4
Balance Sheet for the Ripon Operatic Summer School as at 31st December, 2023
| Assets | 2023 | 2022 | ||
|---|---|---|---|---|
| Fixed Assets | 0 | 0 | ||
| Current Assets | ||||
| Debtors | 0 | 0 | ||
| Bank & Cash | 45,339 | 42,474 | ||
| Total Current Assets | 45,339 | 42,474 | ||
| Current Liabilties | ||||
| Creditors due within One Year | (2,710) | (3,500) | ||
| Accruals | (13) | (240) | ||
| Deferred Income | ||||
| Total Current Liabilities | (2,723) | (3,741) | ||
| Total Net Assets | 42,616 | 38,733 | ||
| Balance Made up by: | ||||
| Accumulated funds | 38,733 | 43,302 | ||
| Surplus for year | 3,883 | (4,569) | ||
| Total Balance | 42,616 | 38,733 |
ROSS Summer School
- Detailed Profit and Loss Account for Year Ending 31st December 2023 Not part of published accounts
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Student Fees | 38,333 | 44,295 | ||||
| Score Hire Fees | ||||||
| Car Parking | 525 | 465 | ||||
| Extra Days Stay | 1,275 | 1,920 | ||||
| Short Stay Breaks | 2,448 | 1,500 | ||||
| Discounts Given | (520) | (2,723) | ||||
| 42,061 | 45,458 | |||||
| Other Revenue | ||||||
| T-Shirt Sales | 20 | 10 | ||||
| Gift Shop Sales | 32 | 138 | ||||
| Programme Donations | 0 | 47 | ||||
| Other Items | 147 | 113 | ||||
| 199 | 308 | |||||
| Total Revenue | 42,260 | 45,766 | ||||
| Cost of Sales | ||||||
| University of Lancaster | (38,190) | (48,185) | ||||
| T Shirts | 0 | 0 | ||||
| Gift Shop | 0 | 0 | ||||
| Total Cost of Sales | (38,190) | (48,185) | ||||
| Gross Margin | 4,070 | (2,419) | ||||
| Individuals | 2,773 | 2,390 | ||||
| Collections | 179 | 921 | ||||
| 100 Club | 1,549 | 1,513 | ||||
| Gift Aid | 0 | 0 | ||||
| Total Other Income | 4,501 | 4,825 | ||||
| Gross Profit | 8,570 | 2,406 | ||||
| Expenditure | ||||||
| Companies House Registration | 13 | 13 | ||||
| Insurance | 336 | 336 | ||||
| Advertising | 0 | 100 | ||||
| Website Costs | 310 | 110 | ||||
| Miscellaneous | 25 | 116 | ||||
| Performing Rights | 0 | 0 | ||||
| Postage | 86 | 29 | ||||
| Computer Costs | 60 | 60 | ||||
| Printing Costs | 260 | 675 | ||||
| Stationery | 174 | 230 | ||||
| Refreshments | 793 | 539 | ||||
| Costumes | (107) | 533 | ||||
| Scenery | 206 | 268 | ||||
| Lighting | 0 | 0 | ||||
| Van Hire | 0 | 378 | ||||
| Travel Expenses | 1,527 | 1,860 | ||||
| Tutors Fees | 1,160 | 1,740 | ||||
| (4,843) | (6,987) | |||||
| Bank Interest | 156 | 12 | ||||
| PROFIT / (LOSS) | 3,883 | (4,569) |
The Ripon Operatic Summer School
COMPANY REGISTERED NUMBER: 3447358 CHARITY REGISTERED NUMBER: 1065859
FINANCIAL STATEMENTS FOR THE YEAR ENDED - - 31 Dec 23
Page 1
THE RIPON OPERATIC SUMMER SCHOOL ANNUAL REPORT OF THE DIRECTORS & TRUSTEES - Year Ending 31st December 2023
Reference & Administrative Details
COMPANY REGISTERED NUMBER: 3447358
CHARITY REGISTERED NUMBER: 1065859
The charity's registered name is The Ripon Operatic Summer School. It is widely known as and referred to as ROSS or the ROSS Summer School
The registered office address is Walton, Quickley Rise, RICKMANSWORTH Herts WD3 5PE
The Directors & Trustees who served during the year were:
B Raven
J Sheppard N Scott R Wicks D Hargreaves (appointed 1 Oct 2023)
Structure, Governance and Management
The Ripon Operatic Summer School is a Company Limited by Guarantee and not having share capital. The company has Articles of Association and the Trustees retire by rotation and are appointed or reappointed at any general meeting.
One of the key decisions of the Trustees is to appoint a management team largely of volunteers to run the performance-focussed summer school for adults. The school provides a concentrated, immersive week of musical theatre during which participants learn and improve performance skills in a supportive, fun environment. The role of the management team is to deliver an effective learning environment which enables both experienced and novice performers to thrive and improve all aspects of their staging and performance craft.
Objectives and Activities
The principal activity of the company and charity is organising an annual operatic summer school. To further the education and enjoyment of theatre and the arts for adults.
The trustees have had regard to the Charity Commission's guidance on public benefit. The educational summer school is open to anyone over the age of 18 with an interest in theatre performance. The course is structured to provide significant support and engender confidence as the participants improve their understanding of producing a theatrical performance and developing performance skills. There are also significant benefits to physical and mental well-being and the participants are inspired to use their learning and improved confidence when returning to their lives at the end of the course.
In order to encourage the widest take-up, the trustees offer financial support to attendees, providing bursaries for those in education and to new attendees.
Achievements and Performance
Since 2014 the Summer School has held the one week residential school at the University of Lancaster. 2023 was a challenging year as the University were unable to confirm the booking until very late and the school was launched much later than in previous years and with a smaller capacity. The school would normally run three parallel classes but the reduced capacity meant a reduction to two rather than the usual three classes. Because of these challenges the course attendees were reduced from previous years. The management team managed costs extremely effectively and the school was delivered with no loss of standard and received positive reviews from the attendees.
Page 2
Financial Review
Following a loss-making financial year in 2022, the year ending 31st December 2023 returned a profit largely because of the tight management of the external costs. The 2023 profit has replenished most of the reserves which were reduced by the loss in 2022. The Trustees have been building the reserves to cover the external costs of one year to ensure costs can be covered in the event of an unexpected cancellation as, for example, occured with the COVID pandemic.
Significant donations were made during the year including from a Trust and individual donors, including some who attended the course and were prepared to make a much appreciated additional contribution.
The course has been successfully run again in 2024 at Lancaster University and the Trustees are confident that the charity is an ongoing concern. The Ripon Operatic Summer School's assets in cash and in the bank held at the end of the 2023 finacial year are £42,616 . The cash at the bank is held in a fixed term deposit account. There are no other assets.
The report of the directors has been prepared taking advantage of the small companies exemption of section 415A of the Companies Act 2006
Lisa Dick (FCCA) was appointed by the Trustees to audit the accounts and confirm they give a true and fair view for the period.
The trustees declare that they have approved the trustees’ report (including directors’ report) above.
Signed on behalf of the charity’s trustees/directors
Nicola J Scott Director
Date 06/09/24
Page 3
The Ripon Operatic Summer School Income Statement for the Year Ended 31st December 2023
| Revenue Donations to Charity Total Revenue Cost of Sales Gross Margin Administrative Expenses EBITDA Interest Receivable PROFIT/ (LOSS) |
2023 42,260 4,501 46,760 38,190 8,570 4,843 3,727 156 3,883 |
2022 45,766 4,825 |
||
|---|---|---|---|---|
| 50,590 48,785 |
||||
| 1,806 6,974 |
||||
| (5,169) 12 |
||||
| (5,156) |
Page 4
Balance Sheet for the Ripon Operatic Summer School as at 31st December, 2023
| Assets | 2023 | 2022 | ||
|---|---|---|---|---|
| Fixed Assets | 0 | 0 | ||
| Current Assets | ||||
| Debtors | 0 | 0 | ||
| Bank & Cash | 45,339 | 42,474 | ||
| Total Current Assets | 45,339 | 42,474 | ||
| Current Liabilties | ||||
| Creditors due within One Year | (2,710) | (3,500) | ||
| Accruals | (13) | (240) | ||
| Deferred Income | ||||
| Total Current Liabilities | (2,723) | (3,741) | ||
| Total Net Assets | 42,616 | 38,733 | ||
| Balance Made up by: | ||||
| Accumulated funds | 38,733 | 43,302 | ||
| Surplus for year | 3,883 | (4,569) | ||
| Total Balance | 42,616 | 38,733 |
ROSS Summer School
- Detailed Profit and Loss Account for Year Ending 31st December 2023 Not part of published accounts
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Revenue | ||||||
| Student Fees | 38,333 | 44,295 | ||||
| Score Hire Fees | ||||||
| Car Parking | 525 | 465 | ||||
| Extra Days Stay | 1,275 | 1,920 | ||||
| Short Stay Breaks | 2,448 | 1,500 | ||||
| Discounts Given | (520) | (2,723) | ||||
| 42,061 | 45,458 | |||||
| Other Revenue | ||||||
| T-Shirt Sales | 20 | 10 | ||||
| Gift Shop Sales | 32 | 138 | ||||
| Programme Donations | 0 | 47 | ||||
| Other Items | 147 | 113 | ||||
| 199 | 308 | |||||
| Total Revenue | 42,260 | 45,766 | ||||
| Cost of Sales | ||||||
| University of Lancaster | (38,190) | (48,185) | ||||
| T Shirts | 0 | 0 | ||||
| Gift Shop | 0 | 0 | ||||
| Total Cost of Sales | (38,190) | (48,185) | ||||
| Gross Margin | 4,070 | (2,419) | ||||
| Individuals | 2,773 | 2,390 | ||||
| Collections | 179 | 921 | ||||
| 100 Club | 1,549 | 1,513 | ||||
| Gift Aid | 0 | 0 | ||||
| Total Other Income | 4,501 | 4,825 | ||||
| Gross Profit | 8,570 | 2,406 | ||||
| Expenditure | ||||||
| Companies House Registration | 13 | 13 | ||||
| Insurance | 336 | 336 | ||||
| Advertising | 0 | 100 | ||||
| Website Costs | 310 | 110 | ||||
| Miscellaneous | 25 | 116 | ||||
| Performing Rights | 0 | 0 | ||||
| Postage | 86 | 29 | ||||
| Computer Costs | 60 | 60 | ||||
| Printing Costs | 260 | 675 | ||||
| Stationery | 174 | 230 | ||||
| Refreshments | 793 | 539 | ||||
| Costumes | (107) | 533 | ||||
| Scenery | 206 | 268 | ||||
| Lighting | 0 | 0 | ||||
| Van Hire | 0 | 378 | ||||
| Travel Expenses | 1,527 | 1,860 | ||||
| Tutors Fees | 1,160 | 1,740 | ||||
| (4,843) | (6,987) | |||||
| Bank Interest | 156 | 12 | ||||
| PROFIT / (LOSS) | 3,883 | (4,569) |
To The Directors and Trustees. I have audited the accounts of The Ripon Operatic Summer Schoolfor the year ended 31" December 2023 and can confirm that they give a true and f8irview for this period. Kind Flegards Lisa Dick IFCCA) 12" August 2024.