2024-12-31-accounts - Devon Opera

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REGISTERED CHARITY NUMBER: 1114768

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2024

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 2024

	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 2024

The trustees present their report with the financial statements of the charity for the year ended 31 December 2024.

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 Review of 2024-25

The Trustees and Board continue to meet regularly to ensure Devon Opera fulfils its aims of bringing professional opera, supported by a small chamber orchestra, sung in the original language and encouraging young singers and musicians. We increased the number of performances spread throughout the year, and their geographical spread to cover mid and east Devon. Our main production, La Boheme, sold well and received excellent reviews. Under the leadership of Company Director Anna Gregory our outreach to schools has increased and continues to develop. A matinee performance of La Boheme was performed for schools and was well supported. We also offered young people opportunities to develop skills in various aspects of production, lighting, costume and stage management. All our Trustees and Board Members contribute practically to the smooth running of performances and we are blessed with a committed, interested and supportive Patron and Vice Patrons.

Plans for 2026

Our main production Bizet’s Carmen takes place on 25th and 26th July 2026 at the Northcott Theatre in Exeter. As a result of the success of La Boheme performed at the Northcott’s smaller theatre, the Barnfield, we were invited to be the sole production of professional opera at the main theatre. Planning for Carmen is well in hand and auditions have been undertaken by our Company Director together with our Director of Music. Plans are also underway to expand “O” is for Opera, our outreach programme for schools, and to that end have recruited a potential new Trustee with appropriate skills who will be considered for appointment by the Trustees at their November meeting. Planning for 2027 is also on our Agenda and we are hopeful of taking our work into North Devon. We continue to search for sponsorship and are grateful for the generosity of many of our Friends and Supporters.

Anne Foreman

Chair of Devon Opera Trustees

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 2024 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 2024

Registered office

Dalwood Malt Field Lympstone Exmouth Devon EX8 5ND

Trustees

R G Hough (resigned 1 July 2024) Professor R Hunt Mrs C W Lillington (resigned 5 August 2024) Mrs F E Walters Mrs A A J Foreman C J Hampton Mrs Alison Kettlewell (resigned 17 June 2025)

Independent Examiner

Greenwood Accountancy Ltd 5 Pellew Arcade Teignmouth Devon TQ14 8EB

Approved by order of the board of trustees on 1[st] October 2025 and signed on its behalf by:

Anne Foreman - 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 2024.

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 20 l 1 ('the Act').

I report in respect ofmy 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
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: 24th October 2025

Page 3

Devon Opera Charitable Incorporated Organisation No. 1114768

Receipts and Payments Account for the year ending 31st December 2024

£ 0 0 1750 750	£ 7000 0 1000 1000	2023 £ 2100 6500 10390
		18990 9000 9574 547
3403 529 0	4175 2902 2497
539 132	283 264
0 830 1900	4740 8170 11760
		38111
		24670 6264 9111 1870 1900
1800 770 287 1684	4846 1346 2589 330
43 195 122	258 763 849
0 711 444 4261	181 688 163 868

		43815
		(5704) 29603
		23899

Devon Opera Statement of Assets and Liabilities As at 31st December 2024

Cash Funds Lloyds Treasurers account Lloyds deposit account Lloyds Notice account Other monetary assets Gift aid recoverable Debtor Other assets Scenery Liabilities Creditors	2024 2023 £ £ 446 1 715 347 1 154 21 020 21 030 21 813 23 899 1 006 0 500 0 1 506 0 525 600 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 1st October 2025

Signed by Anne Foreman - Chair of Trustees