Registered number: 06770652 Charity number: 1127392 **The Merry Opera Company Ltd UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/12/2020** **Prepared By:** Southworth and Co Ltd Chartered Accountants Treasures Four Elms Edenbridge TN8 6NE ## **The Merry Opera Company Ltd** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2020** ## **TRUSTEES** Mrs Z E Koder Mr. M E D de Styrcea Mrs. A F Hill ## **SECRETARY** Matthew Quirk ## **REGISTERED OFFICE** Vexour Farm Hampkins Hill Road Chiddingstone Edenbridge Kent TN8 7BB ## **COMPANY NUMBER** 06770652 **CHARITY NUMBER** 1127392 ## **ACCOUNTANTS** Southworth and Co Ltd Chartered Accountants Treasures Four Elms Edenbridge TN8 6NE page 1 ## **The Merry Opera Company Ltd** ## **ACCOUNTS FOR THE YEAR ENDED 31/12/2020** ## **CONTENTS** ||Page| |---|---| |Report of the Trustees|3| |Independent Examiner's Statement|5| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes to the Accounts|8 to 11| |Detailed Statement of Financial Activities|10| page 2 **The Merry Opera Company Ltd** ## **FOR THE YEAR ENDED 31/12/2020** ## **TRUSTEES' REPORT** The trustees present their report and accounts for the year ended 31/12/2020 ## **PRINCIPAL ACTIVITIES** The principal activity of the charity in the year under review was to advance the education and to promote the appreciation and enjoyment of the public in music, theatre and the performing arts with particular but not exclusive . ## **STRUCTURE GOVERNANCE AND MANAGEMENT** Public Benefit: The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## Achievements & Performance: In 2020 we staged 17 performances of Mozart's Don Giovanni, extending our touring areas into Northamptonshire, Milton Keynes and Essex before the tour was cut short by the Covid-19 pandemic. We had to cancel the final three performances of Don Giovanni and the entire spring tour (seven performances) of our staged production of Handel's Messiah. We also abandoned the planned autumn tours. As at December 31st, we remain in hibernation, planning tours for 2021 which we will deliver depending on Covid restrictions. ## Financial review: The result for the year was a surplus in unrestricted funds of £3,497 (2019: deficit of £15,861) and the surplus carried forward amounted to £11,559. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between 3 and 6 months' expenditure. The Trustees consider that reserves at this level will ensure that, if there is a significant drop in funding, they will be able to continue the charity's current activities while consideration be given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure that appropriate controls are in place providing reasonable assurance against fraud and error. Structure & Governance: The charity is controlled by its governing document, a deed of Trust, and constitutes a limited company, limited by guarantee as defined by the Companies Act 2006. The Trustees, who are also the directors for the purpose of company law, and who served during the year were: Mrs Z. E. Koder Mr M.E.D. de Styrcea ## Mrs A.F. Hill None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up. The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006. page 3 **The Merry Opera Company Ltd** ## **FOR THE YEAR ENDED 31/12/2020 TRUSTEES' REPORT** This report was approved by the Board of Trustees on 16/03/2021 Mrs. A F Hill Trustee page 4 **The Merry Opera Company Ltd** ## **INDEPENDENT EXAMINER'S STATEMENT** ## **FOR THE YEAR ENDED 31/12/2020** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MERRY OPERA COMPANY LTD** I report on the accounts of the company for the year ended 31/12/2020 . ## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER** The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of ICAEW . Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under section 145 of the 2011 Act; - follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and - state whether particular matters have come to my attention. ## **BASIS OF INDEPENDENT EXAMINERS STATEMENT** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. ## **INDEPENDENT EXAMINERS STATEMENT** In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached ................................................... Date: 16/03/2021 Southworth and Co Ltd Chartered Accountants Treasures Four Elms Edenbridge TN8 6NE 01732 700670 page 5 ## **The Merry Opera Company Ltd** ## **Statement of Financial Activities for the year ended 31/12/2020** |**Income**
Income from generated funds
Income from charitable activities
**Total Income and endowments**
**Expenses**
Costs of generating funds
Expenditure on Raised funds
Expenditure on Charitable activities
**Total Expenses**
**Net gains on investments**
**Net Income**
**Gains/(losses) on revaluation of fixed assests**
**Net movement in funds:**
**Net income for the year**
Total funds brought forward
**Net funds carried forward**|**Unrestricted**
**funds**
**£**
110,706
**110,706**
102,060
5,149
**107,209**
**3,497**
**3,497**
8,062
**11,559**|**Restricted**
**funds**
**£**
-
**-**
-
-
**-**
**-**
**-**
-
**-**|**2020**
**Total**
**£**
110,706
**110,706**
102,060
5,149
**107,209**
**3,497**
**3,497**
8,062
**11,559**|_2019_
_Total_
_£_
_200,714_| |---|---|---|---|---| |||||_200,714_| |||||_199,373_
_17,202_| |||||_216,575_| |||||_(15,861)_| |||||_(15,861)_
_23,923_| |||||_8,062_| This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities page 6 ## **The Merry Opera Company Ltd** ## **BALANCE SHEET AT 31/12/2020** |**Notes**
**CURRENT ASSETS**
Debtors (amounts falling due within one year)
3
Cash at bank and in hand
**CREDITORS: Amounts falling due within one year**
4
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CAPITAL AND RESERVES**
**Unrestricted funds**
**6**
General fund|345
12,767
13,112
1,553|**2020**
**£**
11,559
11,559
11,559
11,559|_5,515_
_44,606_
_50,121_
_42,059_|_2019_
_£_
_8,062_| |---|---|---|---|---| |||||_8,062_| |||||_8,062_| |||||_8,062_| For the year ending 31/12/2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. ## **Approved by the board of trustees on 16/03/2021 and signed on their behalf by** ............................. Mrs. A F Hill Trustee page 7 ## **The Merry Opera Company Ltd** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/12/2020** ## **1. ACCOUNTING POLICIES** ## **1a. Basis Of Accounting** The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ## **1b. Incoming Resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **1c. Resources Expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **1d. Allocation And Apportionment Of Costs** All costs relate to the single activity of the charitable company and are recognised accordingly. ## **1e. Fund Accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects. ## **1f. Turnover** Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. ## **2. EMPLOYEES** ||**2020**|_2019_| |---|---|---| ||**No.**|**No.**| |Average number of employees|2|_2_| page 8 ## **The Merry Opera Company Ltd** |**3. DEBTORS**
Amounts falling due within one year:
Trade debtors
Other debtors|**2020**
**£**
-
-
-|_2019_
_£_
_4,023_
_1,492_| |---|---|---| |||_5,515_| ## **4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |---|---|---| |Trade creditors
Other creditors|**2020**
**£**
-
1,553
1,553|_2019_
_£_
_40,506_
_1,553_| |||_42,059_| ## **5. LIMITED BY GUARANTEE** The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £, to the company should it be wound up. At 31/12/2020 there were members. ## **6. UNRESTRICTED FUNDS** |General fund|**Brought**
**forward**
**£**
8,062
8,062|**Incoming**
**resources**
**£**
110,706
110,706|**Outgoing**
**resources**
**£**
(107,209)
(107,209)|**Transfers**
**£**
-
-|**Carried**
**forward**
**£**
11,559| |---|---|---|---|---|---| ||||||11,559| ## **7. RESTRICTED FUNDS** |**Brought**
**forward**|**Incoming**
**resources**|**Outgoing**
**resources**|**Transfers**|**Carried**
**forward**| |---|---|---|---|---| |**£**|**£**|**£**|**£**|**£**| ## **Specific performances fund** A restricted fund is maintained for grants received for specific performances page 9 ## **The Merry Opera Company Ltd** ## **Incoming Resources for the year ended 31/12/2020** |**Incoming resources**
**Incoming resources from generated funds**
**Charitable Activity**
From Charitable Activities 3
From Charitable Activities 4
From Charitable Activities 5|74,296
-
22,342|**2020**
**£**
96,638
110,706
110,706|_82,220_
_7,933_
_110,561_|_2019_
_£_
_200,714_
_200,714_
_200,714_| |---|---|---|---|---| page 10 ## **The Merry Opera Company Ltd** ## **Expenses for the year ended 31/12/2020** |**Expenses**
**Costs of generating funds**
**Fundraising Trading Costs**
Costs Of Generating Funds Fundraising Trading Costs 2
Costs Of Generating Funds Fundraising Trading Costs 4
**Charitable Activities**
**Performers and other fees**
Resources Expended Charitable Activities 21
Computer costs
Insurance
Stationery & office supplies
Bank charges
**Governance Costs**
Resources Expended Governance Costs 2
Resources Expended Governance Costs 3
Resources Expended Governance Costs 4|**2020**
**£**
100,060
2,000
102,060
102,060
632
1,375
371
1,296
(40)
3,634
1,200
315
-
1,515
107,209|_2019_
_£_
_194,606_
_4,767_| |---|---|---| |||_199,373_| |||_199,373_
_11,392_
_428_
_585_
_2,132_
_87_| |||_14,624_| |||_1,200_
_1,200_
_178_| |||_2,578_| |||_216,575_| page 11