**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
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|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:
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: 24th October 2025
Page 3
## **Devon Opera Charitable Incorporated Organisation No. 1114768**
## **Receipts and Payments Account for the year ending 31st December 2024**
|**Receipts**
Friends Gala Concerts
Performance fees
Main production - Tosca
Sponsorships and Grants
Atkins Ferrie Wealth Management
Knight Frank
LCP Parking
Other sponsorship
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 31/12/2024|£
0
0
1750
750|2024
£
4485
0
0
4485
2500
3932
671
11588
2730
627
4541
360
5416
13674
**(2086)**
23899
21813|£
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