**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:
1. 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
3. 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