REGISTERED CHARITY NUMBER: 1114768
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
Devon Opera CIO
Greenwood Accountancy Ltd
5 Pellew Arcade Teignmouth Devon TQ14 8EB
Devon Opera CIO
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Income & Expenditure account | 4 |
| Statement of Assets & Liabilities | 5 |
Devon Opera CIO
Report of the Trustees for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's aims are to provide education, training and experience to young people through the medium of opera performance.
Review of the year
With a degree of confidence returning, following the Covid Pandemic, both in our support base and also the company, a gala production was organized over two nights of the Friday and Saturday 20/ 21st May at Aeolian Court , Chudleigh. Both were well supported and gave us confidence to move forward but not with a mainstage production, due to the financial risks involved.
So, the company produced “Opera for a Summer’s Evening" again at the Canonteign Estate, this time for The British Red Cross. A bought in production offsetting any real financial risk. The second performance of this production was staged for the first time in North Devon at Rosemoor,the RHS garden site. It was very well received and the dinner option popular.
Both productions were very well received, and our audiences were keen to know when a mainstage production would return. Tosca was mentioned for 2023 subject to continued support from our main sponsors, Atkins Ferrie Wealth Management and other donations.
On the basis of this years’ experience 2023 is looking promising.
Robert Hough Executive Chairman
Public benefit
The charity has regard to the Charity Commission's guidance on Public Benefit which it fulfils by offering tickets to local A Level music students and using various ticket pricing and complementary tickets as required.
FINANCIAL REVIEW
Principal funding sources
In 2022 our main source of funds was from subscriptions and sponsorship. Going forward into 2023 we hope to start performing a full opera again now the pandemic is over.
Reserves policy
The trustees aim to maintain sufficient funds each year to cover the cost of events with a balance at the year end to use for the following year's production. Currently we meet this remit.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity converted to a Foundation Charitable Incorporated Organisation on 27/10/2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1114768
Page 1
Devon Opera CIO
Report of the Trustees for the Year Ended 31 December 2022
Registered office
Aeolian Court Station Hill Chudleigh Newton Abbot Devon TQ13 0EE
Trustees
W G T Dunbar (resigned 28.2.22) R G Hough Professor R Hunt Mrs C W Lillington Mrs F E Walters Mrs A A J Foreman E A Bialick (resigned 25.7.22) C J Hampton (appointed 6.2.22)
Independent Examiner
Greenwood Accountancy Ltd 5 Pellew Arcade Teignmouth Devon TQ14 8EB
Approved by order of the board of trustees on 5[th] July 2023 and signed on its behalf by:
R G Hough - Trustee
Page 2
Independent Examiner's Report to the Trustees of Devon Opera CIO
Independent examiner's report to the trustees of Devon Opera CIO
I report to the charity trustees on my examination of the accounts of Devon Opera CIO (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts 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.
I 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 accounts to be reached.
David Rudall Greenwood Accountancy Ltd 5 Pellew Arcade Teignmouth Devon TQ14 8EB
Date: 12th October 2023
Page 3
Devon Opera Charitable Incorporated Organisation No. 1114768
Receipts and Payments Account for the year ending 31st December 2022
| Receipts Friends Gala Concerts Rosemoor Performance fee Red Cross Sponsorships and Grants Atkins Ferrie Wealth Management Bearnes Hampton & Littlewood LCP Parking Teignbridge District Council Friends & Associates Subscriptions Donations Gift Aid Tax Relief Friend's Gala Events Draws and Auction Interest Other Income Payments Fees Production directors & staff Pianists and Instrumentalists Singers Travel and Accommodation Venue Hire Staging, lighting, scenery & props Venue and Production Costs Marketing/Publicity and Advertising Printing of Tickets and Programmes Box office commission & venue charges Administration Insurances and Licences Web Site Maintenance Catering and Drinks Surplus for year Add opening bank balance Bank balance at 31/12/2022 |
2022 £ £ 2,540 4,330 5,500 12,370 6,000 625 1,000 0 7,625 3,095 511 1816 5,422 0 14 86 100 25,517 620 2,400 5,550 8,570 1,905 250 1,775 404 2,429 153 743 649 1,545 58 614 144 839 1,655 16,104 9,413 20,190 29,603 |
£ 1,000 625 - 500 |
2021 £ 1925 0 0 |
|---|---|---|---|
| 1925 2,125 4,935 1,981 |
|||
| 3,185 1,750 - |
|||
| 1,970 2 9 |
|||
| 1,400 1,600 |
|||
| 10,966 | |||
| 3,000 629 461 117 1,633 |
|||
| 350 - 111 |
|||
| 153 743 649 |
- 117 - |
||
| 58 614 144 839 |
96 707 144 686 |
||
| 5,840 | |||
| 5,126 15,064 |
|||
| 20,190 |
Devon Opera Statement of Assets and Liabilities As at 31st December 2022
| Cash Funds Lloyds Treasurers account Lloyds Business account Other monetary assets Gift aid recoverable Debtor Liabilities Creditors |
2022 2021 £ £ 694 689 28,909 19,500 29,603 20,190 880 1,816 0 40 880 1,856 0 100 |
|---|---|
Note
The Trustees confirm, that in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at the year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on the assets of the CIO.
Approved by the trustees on 5th July 2023
Signed by Robert Hough