REGISTERED COMPANY NUMBER: 03402769 IEngland and Walès) REGISTERED CHARITY NUMBER: 1095069 REPORT OF THE TRUSTEES AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 FOR NEW CHAMBER OPERA Bronsens Chartered Certyfied A¢untants Eden House Two Flvers Business Park Wilney Oxfordshire OX28 4BL
NEW CHAMBER OPERA CONTENTS OF THE FINANCEAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 Page Reference and Administrative Detsils Report of the Trustees Independent Examinerfs Report statement of Financial Activities Balance Sheet Notes to tho Flnanclal Statsments Detsiled Statgmgnt of Financial Activities 10
NEW CHAMBER OPERA REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JULY 2025 TRUSTEES Prof M J Burden Mr G Cooper COMPANY SECRETARY Ms C Atkinson REGISTERED OFFICE 4 Mansfield Road Oxford OX13TA REGISTERED COMPANY NUMBER 03402769 (England and Wales) REGISTERED CHARITY NUMBER 1095069 INDEPENDENT EXAMINER Bronsens Chartered Cerbfied Accountarbts Eden House Two Rivers Business Park Witney Oxfordshire OX28 4BL BANKERS HSBC 65 Commarket Street Oxford OX13HY Page 1
NEW CHAMBER OPERA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 The trustees who are also dIr7r$ of the charity for the purposes of the Companies Act 2006. present their report wf(h the financial statements of the charity for the year ended 31 July 2025. The Iruslees have adopted the provisions of Accounting and Reporting by Charthes.. Slalement of Recommended Practice applicab to charities preparing their accounts in accordance with the Finanaal Reporting Stsndard applicable in the UK and RepLtblic of Ireland IFRS 1021 leffe¢tive 1 January 2019}. 8a¢kground The Charty was founded in 2002 as a company limited by guarantee to provKJe high qualty performan$ of work from the neglected Chamber Opera repertoire. In 2002 il was thought desirable to update its trust deed and register as a Charty which it did on 17th December 2002. The Charty has been run by its Iwo trustees and meetings held on a gUlar basis belween them. M. Burden has been responsible for looknng after the Financial Administrab'on including the bookkeeping and the day lo day management. The Trustees, major policy decisions are made * Trustees meetings. The charity is staffed by volunteers. Any new Trustee will be mentored by the fv40 trustees and provided with the Ealest Annual Report and financrdl statements of the Trust. The new Trustee will be Verbal instructed on the Trust's administration, organisalion. financial piocedures and risk assessment. The new Trustee wll be issued with Charity Commission leafiet CC3(al or the latest update. OBJECTIVES AND ACTIVITIES Objectives and aims The object of New Chamber Opera is to provtde high quality perfomiances of works from neglected chamber opera repertoire. The Iruslees. policy is to ensure that this is done through recordings as well as perfomiances, and they have a wmmitment lo their singers whom they promote through a recil81 seNiee. The charty is staffed by volunteers. Signifi¢ant actlvltSes During the year 202&2025, the Company staged a number of productions plus Iwenty-four recitals. The Cornpanls orchestra, founded to ensure that the high qualty of the opera productions were maintained, also undertook a number of outskde engagements and Temains the Universty of Oxford's Eady Music Ensemble in residen. New Chamber Opera is a member of the Opera and MUS Theatre Forum. Investment Policies The charrty has no specffic powers of investment and does not hold any investments. ACHIEVEMENTS AND PERFORMANCE Charitable activities The normally high standard of production has been 8¢hieved once more this year. The audiences for the summer opera and the attendance at other events was eXlIent. The company's policy of working wlh young singers during the Unwersty lerFns has produced some excellent resuts, and has given a number of singers a very gorKI start to their careers. Public benefrt The Trustees have referred to the guidelines contained in the Charty Commission's general guTdarice on public benefrt when reviewng their aim and objections and in planning the fvlure 8¢tivthes. In particular the Trustees wnsider how planned actimly will Contribute to the aims and objectives they have sel. The achievement arid performan$ of the charrty are Shown in this report and (( slates that tho perfom)an¢gs give the singers a very good start to their careers. Volunteer5 are used to help stage the perfomiances and they receive valuable experience and training from this under eXpernCed and expert management guidance. The public gain great enjoyment from the high standard of production and to have new editions of old works being performed. Page 2
NEW CHAMBER OPERA REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2025 FINANCIAL REWEW ReseNes policy The Iruslees carry out regular reviews of the charrtls aclivrties and risks involved at each meeting. This is for the purpose of planning for the future 8nd assessing major risks to which the charty is exposed. The charty wtruld hopè lo have sufficient reserves to cover administration costs and funding for the next performance. The Iruslees continue to seek sponsors lo cover the costs of these and to cover deficit funding. The Iruslees have continued to meet tha charivs liabilities Sin the Balance Sheet date. Financial position and funds available The gross income in the year from donations, concerts and tours was £40,955 12024.. £42,575. The charrty reported an overall deficit for the year of £857 {2024'. £4,058). The Trustees are confident that sufficient funding will be available forthe nexi 12 nK)nths to cover the costs of staging prfxluctK)ns and performances. FUTURE PLANS The Iruslees of New Chamber Opera wish lo achieve greater financial slabilty irb future years through sponsorship ar perfomiance ticket $8les. This will ensure that they can continue to expand the repertoire and bring lo the audien new edrtions of old works. STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document Thè charity is controlled by its governing document, a deed of ITUSI, and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. This report has been prepared in accordance wkilh the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved b order of the board of trustees on 23 April 2026 and signed on ils behalf by.. Prof M J Burden - Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW CHAMBEROPERA Independent examinerfs report to the tntstees of New Chamber Opera {'the Company'l I report to the charty trustees on my examination of the ac¢ounts of the Company for the year ended 31 July 2025. Responsibilities and basis of rèport As the charity's trustees of the Company {and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordan¢e with the requirements of the Companies Act 20061'lhe 20(E Act'l. Havtng satisfied myself that the accounts of the Company are not required lo be audited under Part 18 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your chanty's accounts as carried out under Section 145 of the Charities Act 2011 Ilhe 2011 Act'l. In carryin9 OLrt my examinatDn I have followed the Directions given by the Charity Commission under Section 145(S1 Ibl of the 2011 Act. Independent examiner'$ ststement I have completed my examination. I confimi that no matters have come to my attention in connection with the examinatK)n giving me cause to believe.. 8ccounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the accounts do not accord with those records", or the aUTrts do not comply with the accountirig requirernents of Section 396 of the 20C6 Act other than any requirement that the accounts gwe a true and fair view which is not a matter considered as part of an independent examination., or the accounts have not bn prepared in accordan with the methods and principles of the Statement of Recommended Practi¢e for accounting and reporb.ng by charities (applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)). I have no concerns and have come across no other matters in connection with the examinion to whith attention should be drawn in this report in order to enable a Proper understanding of the accounts to be reached. Philip J Burton Bronsens Chartered Certified Accountants Eden House Two Rivers Business Park Wrtney Oxfordshire OX28 4BL 23 April 2026 Page 4
NEW CHAM8ER OPERA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025 31.7.25 UrbreSlred fvnd 31.7.24 Total Jnds Notes INCOME AND ENDOWVMENTS FROM Donations and legacies 47 6,111 Charitable activitles General 40,908 36,464 Total 40,955 42,575 EXPENDITURE ON Raising fiJnd5 38,665 41,901 Charitable activities General 3,147 4,732 Totsl 41,812 46,633 NET INCOMEIIEXPENDITURE) 18571 {4,0581 RECONCILIAnON OF FUNDS Total funds brought forward 5,982 10,040 TOTAL FUNDS CARRIED FORWARD 5,125 5,982 The notes fomi part of these financial stalèmenls Page 5
NEW CHAMBER OPERA BALANCE SHEET 31 JULY 2025 31.725 Unrestricted fund 31.7.24 Total Jnds Notes CURRENT ASSETS Debtors Cash al bank and in hand 5,575 23,196 16,151 28,771 16,151 CREDITORS Amounts falling due within on9 year 123,6461 {10,169} NET CURRENT ASSET5 5,125 5,982 TOTAL ASSETS LESS CURRENT LIABIUTIES 5,125 5,982 NET ASSETS 5,125 5,982 FUNDS Unrestricted funds 5,125 5.982 TOTAL FUNDS 5.125 5,982 The charitable company is entitled to exemption from audit under SKtion 477 of the Companies Act 2006 for the year ended 31 July 2025. The members have not required the company lo obtain an audit of ts financ¢al statements for the year ended 31 July 2025 in accordance with Section 476 ofthe Companies Act 2006. The Iruslees acknowledge their responsibilities for lal ensuring that the charrtable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 20[ and preparing financial statements which give a true and fair Mew of the slate of affairs of the Charitable company as al the end of each financial year and of its surplus or defi¢il for each financial year in accordance wfih 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 lo the charitable company. Ibl These financial statements have been prepared in accordance wi(h the provi%ions appIlble lo charitable companies subject lo the small companEs regime. The financial statements were approved by the Board of Trustees and authortsed for Bsue on 23 April 2026 and were signed on its behalf by.. Prof M J Burden- Trustee The notes fomi part of these financial stslements Page 6
NEW CHAMBER OPERA NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial stslements of the charitable company, whi¢h is a public benefft entity under FRS 102, have been prepared ID a(urdan¢e wrth the Charities SORP {FRS 1021 Accounting and Repon9 by Ch8fTties- Stslement of Recommended Practice applicable to charf(ies preparing their accounts in a¢cord8nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191., Financial Reporting Standard 102 Tre 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. Financial pOrtIng stsndard 102- reduced disclosure exemptions The charitable company has taken advantage of the following disclosure exemption in preparing these financk31 statements. as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland the requirements of Section 7 Statement of Cash Flows. Income All income is recognised in the Statement of Financial Actmlies once the chariiy has entitlement to the funds, (( is probable that the income will be reiVed and the amount can be measured reliably. Expènditure Liabilities are recognised as expendf(ure as soon as there is a gaI or constructive obligatDn commitbng the chanty to that expendrture, (( is probable that a transfer of economic beneffts will be required in settlement and the amount of the obligation can be measured reliably. Expendrture is accounted for on an accruals basis 8nd has been cL8ssified under headings that a99regate all cost related ID the category. Where costs Cannot be directly attributed to particular headings they have been allocated to actwities on a basis consistent with the use of resOue$. Taxation The charty is exempl from corporation tsx on ts Charitable activities. Fund accounting Unrestricted fvnds can be used in accordance with the charitable objectives al the disuetDn of the trustees. Restricted funds can only be used for particular restricted purposes wi(hin the objects of the charity. Restrictions arise when specffied by the donor or when funds are raised for particular restrirted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the finarbual statements. TRUSTEES. REMUNERATION AND BENEFITS There were no trusle85' rèmuneration or other benefts for the year ended 31 Juty 2025 nor for the year ended 31 Juty 2024. Trustees. expenses There were no trustees. expenses paid for the year ended 31 July 2025 nor for the year ended 31 July 2024. Page 7 continued...
NEW CHAMBER OPERA NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued FOR THE YEAR ENDED 31 JULY 2025 DEBTORS.. AMOUNTS FALLING DUE WtTHIN ONE YEAR 31.7.25 31.7.24 Trade debtors 5,575 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.25 31.7.24 Other credf(ors 23.646 10,169 MOVEMENT IN FUNDS Nel movement in funds At 31.7.25 At 1.8.24 Unrestricted funds General fund S,982 1857} 5.125 TOTAL FUNDS 5.982 18571 5,125 Net rry)vemenl in funds, included in the above are as follows.. Incoming resour Resources expended Movement in funds Unrestricted funds General fvnd 40,955 141,8121 1857) TOTAL FUNDS 40,955 (41,8121 1857) Comparatlves for movement in fund$ Nel movemènt in funds Al 31.7.24 At 1.8.23 Unrestricted funds General fvnd 10,040 14,0581 5.982 TOTAL FUNDS 10,040 14,0581 5,982 Page 8 continued...
NEW CHAMBER OPERA NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 JULY 2025 MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the atM)ve are as follows.. Incoming sources Resources expended Movement in funds Unrestricted funds General fund 42,575 146,633) (4,0581 TOTAL FUNDS 42,575 {46,633} 14,058) RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2025. Page 9
NEW CHAMBER OPERA DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2025 31.7.25 31.7.24 INCOME AND ENDOWMENTS Donations and legacies DonalK)ns 47 6,111 Charitsble activities Concert and tour ino)me 40,908 36,464 Total incoming resources 40,955 42,575 EXPENDITURE Raising donations and legacies Fees and expenses Costumes stage and lighting Hire and lince fees 34,601 276 870 2,918 38,146 519 3,236 38,665 41,901 Support costs Finance Bank charges 76 Govemance costs Insuran Sundries Accountancy and legal fees 1,351 200 1,520 1,351 1,917 1,378 3,071 4,646 Totsl resources expend 41,812 46,633 Net expenditure 18571 {4.0581 This page dces not form part ofthe stslLrtory financial 5talernenls Page 10