2023-09-30-accounts - Dorset Opera

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Reference and administrative	details ofthe Charity, its Trustees and Advisers
Trustees' report		2-11
independent examiner's report		12
Statement offinancial activities		13
Balance sheet		14
Statement ofCash Flows		15
Notes to the statutory accounts		16-23

Directors/Trustees	Directors/Trustees			Mr G P Batt (Chairman)
				Mr D E BGrant (appointed 8 March 2023)
				MrJ Guidera (appointed	12April 2023)
				Mr G CW Harvey (resigned 7August 2023)
				Mr P Nl Jenner
				Mr R I M Kennedy
				Mrs J MLang
				Mr M Lewis (appointed	17December 2023)
				Mr S D Norman
				Mrs S M Selby Bennett
President	Emerita			Dame Dione Digby
Vice Presidents				Mr& Mrs A Frost
				Mr & Mrs G C WHarvey
				Mr TLee
				Mr N Mansfield
				Miss RA Miller
Company	registered		number	05170704
Charity registered		number		1105318
Registered	otgce			Dorset Opera
				Cheselbourne
				Dorchester
				Dorset
				DT2 7NP
Accountants				Edwards & Keeping
				Unity Chambers
				34 High East Drest
				Dorchester
				Dorset
				DT1 1HA
Bankers				Lloyds Bank pic
				High Street
				Gillingham
				Dorset
				SP84AQ
Solicitors				Humphries Kirk LLP
				40 High West Drest
				Dorchester
				Dorset
				DT1 1UR
Website				www dorsetopere. corn

==> picture [207 x 19] intentionally omitted <==

			General	Designated	Restricted	Total	Total
			funds	funds	funds	2023	2022
		Note
INCOME AND ENDOWMENTS
FROM:
Donations and legacies			108,343		30,750	139,093	180,010
Charitable activities			382.332		(32,056)	350,276	319,776
Other trading activities			6,163			6,163	f1,601
Investments			6,239			6,239	1,116
Other income			152,000			152,000	139,484
TOTAL INCOME AND
ENDOWNIENTS			855,077		(1,306)	853,771
EXPENDITURE Ols:
Raising funds			(4,089)			(4,089)	(10,234)
Charitable activities		8,9	(659,863)			(659,663)	(611,383)
TOTAL EXPENDITURE			(663,952)			(863,952)	(821,617)
NET (EXPENDITURE)/JNCOME			(8.875)		(1,306)	(10,181)	30,350
NET MOVEMENT IN	FUNDS		(8,875)		(1,306)	(10,181)	30,350
RECONCILIATION OF FUNDS:
Total funds brought	forward		126,092	125,000	14,075	265,167	234,817
TOTAL FUNDS CARRIED
FORWARD			117,217	125,000	12,769	254,986	285,187

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			2023		2022
Net (Expenditure)/Income	for the year	(10,181)		30,350
Adjustments for.
Depreciation		852		738
(Decrease)/increase	in Creditors	(12,275)		(13,264)
Decrease/(Increase)	in Debtors	5,064		(102,463)
Net Cash Flow from Operational Activities			(16,540)		(84,639)
Increase in Fixed Assets				(1,950)
Net Cash Flow from Investing Activities					(1,950)
Total Net Cash Flaw			(16,540)		(8o,589)
Opening Cash and Cash	Equivalents		127,796		214,385
Closing Cash and Cash Equivalents			111,256		127,796

NET INCOME
			2023 f.	2022f
This is stated after charging:
Depreciation oftangible fixed assets owned		by the Charity	852	T38
EMPLOYEES
The Charity had no employees	during the year (2022:nii).
No Trustees were in receipt of	remuneration	in that role in the year (2022:nit).
INCOME FROM CHARITABLE ACTIVITIES
Opere Festival
			2023f	2022
Chorus Summer School Fees			67,550	45,203
less: Bursades Granted			(32,056)	(30,350)
Tickets			255,895	24T,409
Adver5sing and Sponsorship			16,952	17,654
Programmes and Merchandise			12,941	10,826
Bars and catering			21,904	22,149
Marquee and pavilion income			7,090	6,885
			350,276	319,776

INCOME	FROM DO	NATIONS AND LEGACIES
			2023f	2022f
Friends	ofDorset Opera		5,000	35,000
Grants from other charities			38,000	26,000
Individual	donations	and legacies	79,915	98,672
GiR Aid	received		'I8,178	20,338
			139,093	180,010

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						2023	2022
						E	E
Intw est						6,239	1,116
All ofthe investment	income related to unrestricted				funds.
OTHER INCOME
						2023	2022
						E	E
Theatre Tax Relief						152,000	139,464
All ofthe other income related to			unrestricted	funds.
CHARITABLE ACTIVITY EXPENDITURE
Opera Festival
						2023 E	2022f
Opera Production						434,654	421,178
Cast & Crew Accommodation						104,597	83,540
Emerging Artists						11,700	10,500
Outreach Activities
Marketing, Publicity	and	Hospitality				91,990	78,832
Administration						14,571	14,959
Governance						2,351	2,274
Total						659,863	611,383
All charitable activity	expenditure		was through	the General Fund.
GOVERNANCE COSTS
						2023	2022
							E
Independent examiner's		fees				2,310	2,274
AGM Expenses						41
Total						2,351	2,274

11.	TANGIBLE F		IXEDASS	ETS
					Cost	Depreciation	Carrying
							Amount
					8		8
	Equipment
	At 1 October		2021		6,570	(2,899)	3,671
	Additions				1,950		1,950
	Depreciation	charge for		the year		(738)	(738)
	Disposals
	At 30September 2022				8,520	(3,637)	4,883
	Additions
	Depreciation	charge fcr		the year		(852)	(852)
	Disposals
	At 30September 2023				8,520	(4,489)	4,031
12.	DEBTORS
						2023	2022
						8
	Trade debtors					600	17,886
	Prepayrnents		and accrued income			152,680	140,458
						153,280	158,344
13.	CREDITORS:		Amounts	falling due within one year
						2023	2022
							E
	Trade creditors					624	2,339
	Expense Accruals					11,641	19,129
	Deferred Income					640	4,388
	Tax Liabilities					676
						13,581	25,855

STATEMENT OF	F	UNDS - CURRENT YEAR	UNDS - CURRENT YEAR
		Balance at					Balance at 30
		1	October			Transfers	September
			2022	Income	Expenditure	inlout	2023
				6	5	6	E
Unrestricted funds
General Funds			126,092	655,077	(663,952)		117,217
Designated funds	(unrestricled)
Young Performers		incl. Bursaries	40,000				40,000
Wider Access Fund			15,000				15,000
Outreach			20,000				20,000
COVID Risk Fund
Anniversary Fund			50,000				50,000
Total designated	funds		125,000				125,000
Total Unrestricted		funds	251,092	655,077	(663,952)		242,217
Resti'Icted fiinds
Patrick Shelley Bursary fund - income				30,750
- applied against	income (see be(owl			(32,056)
- total			11,419	(1,306)			10,113
Opera in Education			2,656				2,656
Total Restricted Funds			14,075	(1,306)			12,769
Total offunds			265,167	653,771	(663,952)		254,988
STATEMENT OF	FUNDS - PRIOR YEAR
		Balance at					Balance at30
		1	October			Transfers	September
			2021	income 5	Expenditure	in/out	2022 5
Unrestriicted funds
General Funds			127,773	649,457	(521,517)	(29,531)	125,092
Designated Funds			95,469			29,531	125,000
Total Unrestricted		funds	223,242	849,487	(621,617I		251,092
Restricted funds
Restricted Funds -		all funds	11,575	2,500			14,075
Total offunds			234,S17	65'I,SST	(821,617)		265,167

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CURRENT YEAR	General	Designated	Restricted	Total
	funds	funds	funds
	2023	2023f	2023 6	2023 6
Tangible fixed assets	4,031			4,031
Current assets	126,767	125,000	12,769	264,536
Creditors due within one year	(13,58'I)			(13,581)
	117,217	125,000	12,769	254,986
PRIOR YEAR	General	Designated	Restricted	Total
	funds	funds	funds
	2022	2022	2022	2022
	E	5	5
Tangible fixed assets	4,883			4,ee3
Current assets	147,065	125,000	14,075	286,140
Creditors due within one year	(25,856)			(25,856)
	126,092	125,000	14,075	2S5,1S7