REGISTERED CHARITY NUMBER: 1114768
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2023
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 2023
| 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 2023
The trustees present their report with the financial statements of the charity for the year ended 31 December 2023.
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
The company's 2023 season started with a Spring gala concert held at Aeolian Court, Chudleigh on 22nd April with International musicians Irmina Trynkos - violin and Pavel Timofeyevsky - piano to much acclaim.
This was followed by an evening of staged opera extracts from Puccini best loved operas held at The Barn, Canonteign Falls, Christow on Saturday 15th July. This was a bought- in production generating some income for the company and was extremely well received.
Last but not least was our major opera production in September of Puccini’s Tosca held over three venues:-
The Quad Theatre 26th, Plymouth Marjon University , The Flavel Theatre, Dartmouth 28th and Exeter Northcott Theatre, Barnfield 30th.
This production was rightly highly acclaimed as the finest the company had produced to date in artistic and musical quality with an inspirational director, Julia Mintzer and team.
This was a full year delivering exceptionally high standards from a very small company and applauded by a great number of opera lovers in the county and beyond.
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 2023 our main source of funds was from subscriptions and sponsorship.
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 2023
Registered office
Raddon Station Hill Chudleigh Newton Abbot Devon TQ13 0EE
Trustees
R G Hough (resigned 01.07. 2024) Professor R Hunt Mrs C W Lillington (resigned 05.08.2024) Mrs F E Walters Mrs A A J Foreman C J Hampton
Independent Examiner
Greenwood Accountancy Ltd 5 Pellew Arcade Teignmouth Devon TQ14 8EB
Approved by order of the board of trustees on 13 February 2024 and signed on its behalf by:
Anne Foreman - Trustee
Page 2
Ind dellt Examin¢rfs Re ¢Ta CIO DevoD IndepeDdent exY4tuiller's report to the trStee8 of Devott Opern CIO I rcport to the Cliariry twstees on my ¢xaminati¢)n of th¢ a¢Unts of Devon Otm CEO (the Trust) forthe year ended 31 December2023. Re5POn5ibilities ba515 of report As thc chatity trustees of the Tn yoll are responsible for the prq>oTaliOll of the oUllts iti accordance with the requiiyments of the Charities Act 2011 Cthe Acf). Ireit in respect of my eXlation of the Tn]se8 a¢rounts out under settioll 145 of the Act alld in carrying out my examination I have followed all applicable Dtre¢tiODS giYeD by Ihe Cbarliyconilon uDder sc£tion 145{5llb) of the Act. dependent e%aJlliller'5 steellt I have completed my examination. l confim that nOaterial mattets have ¢onLe to my attention in coJJnection with the examIn10n giving me cause to believe that io any o]ateriai r•.. . accoulltill8 fEconLs were Il kept iu respert of the Trustas Tequkred by scction 130 of the Act. or 2. the accounts do not aecard with those records; or 3. the accounts do not COTnplv Bitb the appliable requirements concerning the forn) atw] content of accouDts set out ill the Charitie5 (Accounts alld Reports) Regulatious 2(K)8 other than any requirement that th¢ aMts giv¢ a trne and fairview wbich 18 IK)t a matter CQDsidered as of all independent examinatio I have eoncerns and have eome across no othermatters in ¢onDecti¢m with the exaMi1¢)]j to wbith attention should be drawn ibis report in orderto eD8ble a proper llde[sLdlllg of tlLe aGcoutsts to be reached. David Rudall GTeellwood Awountan¢y Ltd 5 Pellew Arc&de TeigDmouth Devon TQ14 8EB Date: £8 / 101 I02* Page 3
Devon Opera Charitable Incorporated Organisation No. 1114768
Receipts and Payments Account for the year ending 31st December 2023
| Receipts Friends Gala Concerts Performance fees Main production - Tosca Sponsorships and Grants Atkins Ferrie Wealth Management Bearnes Hampton & Littlewood LCP Parking House of Marbles Friends & Associates Subscriptions Donations Gift Aid Tax Relief Interest Programme advertising & sales Payments Fees Production directors & staff Pianists and Instrumentalists Singers Travel and Accommodation Venue Hire Staging, lighting, scenery & props Venue and Production Costs Storage 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 31/12/2023 |
2023 £ £ 2,100 6,500 10,390 18,990 7,000 0 1,000 1,000 9,000 4,175 2,902 2497 9,574 283 264 547 38,111 4,740 8,170 11,760 24,670 6,264 4,846 1,346 2,589 330 9,111 258 763 849 1,870 181 688 163 868 1,900 43,815 -5,704 29,603 23,899 |
£ 6,000 625 1,000 0 |
2022 £ 2,540 9,830 0 |
|---|---|---|---|
| 12370 7,625 5,422 100 |
|||
| 3,095 511 1816 |
|||
| 14 86 |
|||
| 620 2,400 5,550 |
|||
| 25,517 | |||
| 8,570 1,905 2,429 1,545 1,655 |
|||
| 250 1,775 404 0 |
|||
| 258 763 849 |
153 743 649 |
||
| 181 688 163 868 |
58 614 144 839 |
||
| 16,104 | |||
| 9,413 20,190 |
|||
| 29,603 |
Devon Opera Statement of Assets and Liabilities As at 31st December 2023
| Cash Funds Lloyds Treasurers account Lloyds Business account Other monetary assets Gift aid recoverable Debtor Other assets Scenery Liabilities Creditors |
2023 2022 £ £ 1,715 694 22,184 28,909 23,899 29,603 0 880 0 0 0 880 600 600 0 0 |
|---|---|
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 13 February 2024
Signed by Anne Foreman - trustee