Charity registration number 1098213
THE KIRI TE KANAWA FOUNDATION (Uk)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS , FOR THE YEAR ENDED 31 DECEMBER 2021
THE KIRI TE KANAWA FOUNDATION (UK)
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Dame Kiri Te Kanawa, Chair |
|---|---|
| Chris Welch, Deputy Chair and Treasurer | |
| Gary Matthewman | |
| Gillian Newson | |
| Nicholas Payne | |
| Rachel Pilard (formerly Thomas) | |
| Fiona Rose | |
| Andrew Robinson | |
| Charity number | 1098213 |
| Registered office | Flat 23B Prince ofWales Mansions |
| Prince ofWales Drive | |
| London | |
| SW11 4BQ | |
| Independent examiner | Lewis Evans Partnership LLP |
| The Oaks | |
| 3 Village Road | |
| West Kirby | |
| Wirral | |
| CH48 3JN | |
| Bankers | Coutts &Co |
| 440 Strand | |
| London | |
| WC2R 0QS | |
| Hampden & Co Plc | |
| 9 Charlotte Square | |
| Edinburgh | |
| EH24DR |
THE KIRI TE KANAWA FOUNDATION (UK)
CONTENTS
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Page
Trustees’ report 1-3
Independent examiner's report 4
Statement of financial activities 5-6
Balance sheet 7
Notes to the financial statements 8-14
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THE KIRI TE KANAWA FOUNDATION (Uk)
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their annual report and financial statements for the year ended 31 December 2021.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".
Objectives and activities
Policies and objectives
The principal objects of the charity are to assist and train singers and musicians by way of scholarships or other means and to provide training, instruction and master classes for singers and musicians.
Activities for achieving objectives
The charity receives donations from organisations and members of the public, as well as funds raised through various fundraising events and initiatives. These funds are principally invested in grants and scholarships to individuals and other charitable activities connected with the charity’s principal objectives.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Review of activities
The charity received £52,041 (2020: £99,312) in donations in the year and generated a further £5,850 (2020: £7,500) in grant funding. The charity made charitable expenditure of £26,205 (2020: £132,241) in the year.
2021 was again dominated by the global pandemic . As with 2020 this had a major impact on the incomes of performing artists including the incomes of the singers supported by both this foundation and the incomes of those supported by the New Zealand foundation.
A joint subcommittee with the New Zealand foundation was formed in 2020 to coordinate the response and share the cost of our response to the pandemic. Significant support (including our ‘Helping Hands’ grants) was given to over 20 singers in that year.
Once again in 2021 we were delighted that the two foundations were able to provide substantial and timely ‘Helping Hands’ grants and other support to a number of singers in the early stages of their professional careers and whose incomes had been severely affected by the pandemic.
The efforts of both foundations were hugely appreciated by the singers involved.
Other strands of work during the year included:
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¢ Our long standing programme of informal pastoral care for singers who have come to London to further their training and careers.
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¢ Further administrative support for the very successful “Whanau : Voices of Aotearoa” on-line concert in December 2020 organised by a group of singers based in Britain.
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THE KIRI TE KANAWA FOUNDATION (UK)
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Financial review
The Statement of Financial Activities on page 5 shows the incoming resources and resources expended during the year. The net movement in funds resulted in a surplus of £32,715 (2020: deficit of £29,370). The financial position of the Trust is shown on page 7.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements.
Reserves policy
The Trustees’ intention is to be in a position to be able to fund exceptional singers and projects when these are identified, even if this requires funding in excess of the income in a particular year and therefore results in a need to draw on reserves. The Trustees believe that the current environment of low interest rates makes it more likely that there might be a need to draw on reserves for such purposes. The Trustees also seek to maintain a level of unrestricted funds so that, should the Trust ever cease to function, funds are at a level sufficient to be able to fund an orderly wind down of the Trust including the ongoing funding of singers who are at that time receiving support from the Trust.
At the year end the Trust had reserves of £365,850 (2020: £333,135) and the Trustees consider this to be an appropriate level of reserves.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Structure, governance and management
Constitution
The charity is registered with the Charity Commissioners of England and Wales (No. 1098213) and constituted by Deed of Trust dated 8 April 2003 as amended by subsequent resolutions, a deed of variation dated 17 May 2019 and a deed of variation and restatement dated 3 August 2020. The aim of 2020 deed was to more closely align the charity’s governance arrangements with the provisions in the Charity Commission's model deed. There have been no changes in the objectives since the last annual report.
The Charity has complied with the public benefit objective in section 17(5) of the Charities Act 2011. In the event of the charity being wound up, any surplus assets remaining after the satisfaction of all debts and liabilities will be transferred to other charitable institutions at the Trustees’ discretion.
The trustees who served during the year and up to the date of signature of the financial statements were: Dame Kiri Te Kanawa, Chair
Chris Welch, Deputy Chair and Treasurer
Gary Matthewman Gillian Newson
Nicholas Payne Rachel Pilard (formerly Thomas) Fiona Rose
Andrew Robinson
Method of appointment or election of Trustees
The Charity is managed by its Trustees who all share responsibility for its management. The Trustees were appointed by Dame Kiri in terms of clause 10 of the 2003 Trust Deed.
The management of the charity is the responsibility of the Trustees who are appointed under the terms of the Trust Deed. Whenever the number of Trustees falls below three, an appointment shall be made as soon as practicable in order to increase the number of Trustees to at least three.
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THE KIRI TE KANAWA FOUNDATION (UK)
TRUSTEES’ REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
aeecemmeeeemrneemere Policies adopted for the induction and training of Trustees The Trustees are satisfied that they have put in place satisfactory procedures concerning the proper ss governanceTrustees, and management and decision making of the charity, including the induction and training of
Related party relationships
The Kiri Te Kanawa Foundation (‘The New Zealand Foundation’). is a New Zealand registered charitable trust (Registration: CC34307) and operates in that country. The New Zealand Foundation is a related party for the purposes of these accounts,
The New Zealand Foundation was created by Dame Kiri in 2004 and assists outstanding young New Zealand singers with judicious mentoring, financial support and career assistance. That Foundation also provides opera lovers with a unique opportunity to make a difference to the lives and careers of talented young New Zealand singers.
The Kiri Te Kanawa Foundation (UK) has similar aims and objectives except that the UK Foundation's deed allows it to consider supporting singers regardless of their country of origin. Both Foundations are chaired by Dame Kiri and work closely on many projects.
The trustees’ report was approved by the Board of Trustees.
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THE KIRI TE KANAWA FOUNDATION (UK)
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KIRI TE KANAWA FOUNDATION (UK)
| report to the trustees on my examination of the financial statements of The Kiri Te Kanawa Foundation (UK) (the charity) for the year ended 31 December 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
| report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
i understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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| have completed my examination. | confirm that no matters have come to my attention in connection with
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the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
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2 _ the financial statements do not accord with those records; or 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
een Gee
Simon Evans FCA
Lewis Evans Partnership LLP
The Oaks
3 Village Road West Kirby Wirral CH48 3JN
Dated: Bific o22
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THE KIRI TE KANAWA FOUNDATION (UK)
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2021
Current financial year
| Current financialfinancial year | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||
| Notes | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 2 | 46,949 | 10,942 | 57,891 | 106,812 |
| Investments | 3 | 221 | - | 221 | 654 |
| Total income | 47,170 | 10,942 | 58,112 | 107,466 | |
| Expenditure on: | |||||
| Charitable activities | 4 | 14,341 | 11,864 | 26,205 | 132,241 |
| Other | 9 | - | - | - | 2,100 |
| Total expenditure | 14,341 | 11,864 | 26,205 | 134,341 | |
| Net incoming/(outgoing) resources before | transfers | 32,829 | (922) | 31,907 | (26,875) |
| Gross transfers between funds | (277) | 277 | - | - | |
| Net income/(expenditure) forthe year/ | |||||
| Net incoming/(outgoing) resources | 32,552 | (645) | 31,907 | (26,875) | |
| Other recognised gains and losses | |||||
| Other gains or losses | 10 | 808 | - | 808 | (2,495) |
| Netmovement infunds | 33,360 | (645) | 32,715 | (29,370) | |
| Fund balances at 1 January 2021 | 332,490 | 645 | 333,135 | 362,505 | |
| Fundbalancesat31December2021 | 365,850 | - | 365,850 | 333,135 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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THE KIRI TE KANAWA FOUNDATION (UK)
STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
Prior financial year
| Prior financial year | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | |||
| 2020 | 2020 | 2020 | ||
| Notes | £ | £ | £ | |
| Income from: | ||||
| Donations and legacies | 2 | 54,635 | 52,177 | 106,812 |
| Investments | 3 | 654 | - | 654 |
| Total income | 55,289 | 52,177 | 107,466 | |
| Expenditure on: | ||||
| Charitable activities | 4 | 80,709 | 51,532 | 132,241 |
| Other | 9 | 2,100 | - | 2,100 |
| Total expenditure | 82,809 | 51,532 | 134,341 | |
| Net incoming/(outgoing) resources before transfers | (27,520) | 645 | (26,875) | |
| Net income/(expenditure) for the year/ | ||||
| Net incoming/(outgoing) resources | (27,520) | 645 | (26,875) | |
| Other recognised gains and losses | ||||
| Other gains or losses | 10 | (2,495) | - | (2,495) |
| Net movement in funds | (30,015) | 645 | (29,370) | |
| Fund balances at 1 January 2020 | 362,505 | - | 362,505 | |
| Fundbalancesat31December2020 | 332,490 | 645 | 333,135 |
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THE KIRI TE KANAWA FOUNDATION (UK)
BALANCE SHEET
AS AT 31 DECEMBER 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | = | £ | £ | £ | |
| Current assets | |||||
| Debtors | Ws: | 9,873 | 3,416 | ||
| Cash at bankand in hand | 358,903 | 433,134 | |||
| 368,776 | 436,549 | ||||
| Creditors: amounts falling due within | |||||
| one year | 12 | (2,926) | (103,414) | ||
| Net current assets | 365,850 | $33,135 | |||
| Income funds | |||||
| Restricted funds | 13 | - | 645 | ||
| Unrestricted funds | 365,850 | 332,490 | |||
| 365,850 | 333,135 |
The financialCO)approved by the Trustees onABof2 a Chris Welch, Deputy Chalr and Treasurer Trustee
ar ee
THE KIRI TE KANAWA FOUNDATION (UK)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
- 1 Accounting policies
Charity information
The Kiri Te Kanawa Foundation (UK) is registered with the Charity Commissioners of England and Wales (No. 1098213) and constituted by Deed of Trust dated 8 April 2003 as amended by subsequent resolutions, a deed of variation dated 17 May 2019 and a deed of variation and restatement dated 3 August 2020. The principal office address is Flat 23B Prince of Wales Mansions, Prince of Wales Drive, London, SW11 4BQ.
- 1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing documents, the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. 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 charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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THE KIRI TE KANAWA FOUNDATION (UK)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
- 1 Accounting policies
(Continued)
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.
Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. Charitable activities are costs incurred on the charity's operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All resources expended are inclusive of irrecoverable VAT.
1.6 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
2 Donations and legacies
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Donations and gifts | 46,949 | 5,092 | 52,041 | 54,635 | 44.677 | 99,312 |
| The Kiri Te Kanawa | ||||||
| Foundation (New | ||||||
| Zealand) - Helping | ||||||
| Hands Covid-19 Support | - | 5,850 | 5,850 | - | 7,500 | 7,500 |
| 46,949 | 10,942 | 57,891 | 54,635 | 52,177 | 106,812 | |
| Donations and gifts | ||||||
| Other donations | 46,949 | 997 | 47,946 | 54,635 | 2,033 | 56,668 |
| WhaAanau: Voices of | ||||||
| Aotearoa donation | - | 4,095 | 4,095 | - | 42,644 | 42,644 |
| 46,949 | 5,092 | 52,041 | 54,635 | 44,677 | 99,312 |
«Qc
THE KIRI TE KANAWA FOUNDATION (Uk)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
3 Investments
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Interest | receivable | 221 | 654 |
4 Charitable activities
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Sponsorship ofBBC CardiffSinger oftheWorld | 14,400 | - |
| Whanau: Voices ofAotearoa - Payments to Singers | 4,489 | 41,272 |
| Production costs forVoices ofAotearoa | 528 | 3,598 |
| 19,417 | 44,870 | |
| Grant funding of activities (see note 5) | 4,194 | 77,893 |
| Share ofgovernance costs (see note 6) | 2,594 | 9,478 |
| 26,205 | 132,241 | |
| Analysis by fund | ||
| Unrestricted funds | 14,341 | 80,709 |
| Restricted funds | 11,864 | 51,532 |
| 26,205 | 132,241 |
Charitable activities include direct payments and grants provided in respect of student coaching and other assistance given to singers and musicians to enable them to advance their studies and/or careers in accordance with the objects of the charity.
2410 =
THE KIRI TE KANAWA FOUNDATION (UK)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
5 Grants payable
| 2021 | 2020 | |
|---|---|---|
| £ | 3 | |
| Grants to institutions: | ||
| London Handel Festival | 3,000 | 2,000 |
| Holland Park Opera -The Opera in Song | 2,000 | - |
| Birmingham Opera Company - Support for Emerging Artists | - | 22,251 |
| Bloomsbury Opera | - | 2,000 |
| Release ofunused cover roles grant to Royal Opera House | (20,253) | - |
| (15,253) | 26,251 | |
| Grants to individuals | 19,447 | 51,642 |
| 4,194 | 77,893 |
In 2021 total grants made came to £4,194. This was net of the write back of £20,253 which had not been drawn down by the Royal Opera House from the foundation’s 2014 grant to that organisation - see note 12 for more information about that grant.
Before the write back the 2021 grants totalled £24,447 inclusive of £15,000 in 2021 Helping Hands grants (2020: £77,873 inclusive £48,900 of 2020 ‘Helping Hands’ grants). The contribution from the NZ foundation towards the Helping Hands grants is shown in donations — see note 2.
In 2021 a grant of £3,000 was made to the London Handel Festival and a grant to £2,000 was made Holland Park Opera for their Opera in Song programme.
In 2020 grants of £2,000 were made to both the London Handel Festival and Bloomsbury Opera together with a grant of £22,251 to the Birmingham Opera Company to support emerging artists in RhineGold 2021. (A trustee of the charity, Nicholas Payne, is also a trustee of the Birmingham Opera Company).
All other amounts included within grants and scholarships relate to grants given to directly to individual singers.
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THE KIRI TE KANAWA FOUNDATION (UK)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
6 Support and governance costs
| SupportGovernance | Governance | 2021 | Support | Governance | 2020 | |
|---|---|---|---|---|---|---|
| costs | costs | costs | costs | |||
| £ | £ | £ | E | £ | £ | |
| Accountancy | - | 1,650 | 1,650 | - | 1,900 | 1,900 |
| Legal and professional | - | - | - | - | 6,060 | 6,060 |
| Fees paid toTrustees | - | 142 | 142 | - | 102 | 102 |
| Trustees' meeting and | ||||||
| other expenses | - | 152 | 152 | - | 517 | 517 |
| Independent | ||||||
| examination fee | - | 650 | 650 | - | 650 | 650 |
| Bank charges | - | - | - | - | 249 | 249 |
| - | 2,594 | 2,594 | - | 9,478 | 9,478 | |
| Analysed between | ||||||
| Charitableactivities | - | 2,994 | 2,594 | - | 9,478 | 9,478 |
The Independent Examiner's remuneration amounts to an independent examination fee of £650 (2020: £650), and fees in respect of assisting in the preparation of the financial statements of £650 (2020: £650) are included within accountancy costs.
7 Trustees
During the year a Trustee, Gillian Newson, received £143 (2020: £102) relating to administrative duties, which is included within governance costs.
During the year, no Trustees received any benefits in kind (2020: £Nil).
During the year one Trustee received a total of £66 in respect of the reimbursement of expenses (2020 — one Trustee received £252).
8 Employees
The average monthly number of employees during the year was:
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2021 2020
Number Number
Total - -
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There were no employees whose annual remuneration was more than £60,000.
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THE KIRI TE KANAWA FOUNDATION (UK)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021
9 Other expenses
| Total | Unrestricted | |||
|---|---|---|---|---|
| funds | ||||
| £ | £ | |||
| 2021 | 2020 | |||
| Net loss on disposal of tangible fixed assets | - | 2,100 | ||
| 10 | Other gains or losses | |||
| Unrestricted | Unrestricted | |||
| funds | funds | |||
| 2021 | 2020 | |||
| £ | £ | |||
| Foreign exchange gains/(losses) | 808 | (2,495) | ||
| 11. | Debtors | |||
| 2021 | 2020 | |||
| Amounts falling due within one year: | £ | £ | ||
| Otherdebtors | 9,873 | 3,415 | ||
| 12 | Creditors: amounts falling due within one year | |||
| 2021 | 2020 | |||
| Notes | £ | £ | ||
| Deferred income | - | 40,323 | ||
| Trade creditors | - | 4,260 | ||
| Other creditors | 626 | 52,504 | ||
| Accrued costs | 2,300 | 6,327 | ||
| 2,926 | 103,414 |
Other creditors due within one year include accrued grant expenditure of ENil (2020: £10,000) in respect of a scholarship funding arrangement with the Royal College of Music and £Nil (2020: £22,251) in respect of a grant awarded to the Birmingham Opera Company (see note 5).
At the prior year end, other creditors also included £20,253 in respect of a cover roles grant awarded to the Royal Opera House in 2014. On 31 July 2021 the term of the 2014 grant funding agreement with the Royal Opera House in respect of cover roles expired, and as the remaining £20,253 had not yet been disbursed it ceased to be a contractual liability of the charity with effect from that date, and has been released from creditors.
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