**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 tr￿Stee8 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). Ire￿it in respect of my eX￿l￿ation 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 Cbarliycon￿i￿lon uDder sc£tion 145{5llb) of the Act. dependent e%aJlliller'5 s￿te￿ellt I have completed my examination. l confim that nO￿aterial mattets have ¢onLe to my attention in coJJnection with the examIn￿10n 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¢ a￿M￿ts 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 exaMi￿1¢)]j to wbith attention should be drawn ￿ ibis report in orderto eD8ble a proper ll￿de[s￿Ldlllg 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