Registered nurnber: 05770652 Charity murder: 1127392
The Merry Opera CompanyLid
UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/12/2021
Prepared By: Soutworthand Co Lid Cnanered Accountants Four ElmsTreasuresEdenbridge TNB ENE
°
| TheMerryOperaCompanyLtd | |
|---|---|
| FINANCIAL STATEMENTS | |
| FORTHEYEARENDED31/12/2021 | |
| TRUSTEES | |
| MesZ E Koder | |
| Mr. MEDca Styrcea | |
| Mes_ AF Hill | |
| SECRETARY | |
| Matthew Quirk | |
| REGISTEREDOFFICE | |
| Vexour Farm | |
| Hampkins HillRoad | |
| Cniddingstone Edenbridge | |
| Kent | |
| TNS7B5 | |
| COMPANYNUMBER | |
| 06770652 | |
| CHARITYNUMBER | |
| 1127392 | |
| ACCOUNTANTS | |
| Soutworth andCo Lid | |
| CnarerodAccountants | |
| Treasures | |
| Four ElmsEdenbridge | |
| TNS6NE |
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The Merry Opera CompanyLid
ACCOUNTS FOR THE YEAR ENDED 31/12/2021
CONTENTS
| Page | |
|---|---|
| Repon ot the Trustees | 3 |
| Independent Examiner's Statement | 5 |
| Statementof Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Accounts | ae |
| OctaliedStatementofFinancialActivities | 1% |
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Pt
The Merry Opera Company
HeeEEEee eee nn Ltd
FOR THE YEAR ENDED 31/12/2021
TRUSTEES’ REPORT
The trustees present the report and accounts for the year ended 31/12/2021
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 perlorming arts with particular but not exclusive attention to opera. .
STRUCTURE GOVERNANCE AND MANAGEMENT
Public Benefit:
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| The Trustees have paid due regard to guidanceissued by the Charity Comrnission in deciding whal actvites the chanty should |
|---|
| undertake. |
| Achievernents & Periormance: |
| In 2021, despite the Covid pandemic, we staged 13 performances of Gilbert & Sullivan's Mikado in the autumn, extending our touring areas further into Northamptonshire and for the firstte intoDorset Audience sizes were as unpredictatie as ever ~ although this tme venues which previously had attracted big audiences were eclipsed by those where audiences had in the past been smaller. Muchof this we think was due to diferent management stylesof the venues, with local authorty-un theatres the least successful. Neverteless,the production was 50 wo! received fiat we will be reviving itinboth the Spring and Autumn of 2022. Our foray into Dorset atracted further business booked for 2022.We also Gelivered two gala concerts around Christmas |
| 2021, |
| The result for the year was a deficit in unrestricted funds of £3,497 (2020: surplus of £3,497) and the surplus carried forward |
| amounted to £9,815. |
| It ts the policy ofthe charity that unrestricted funds which Nave not been designated fora specific use should be maintained at& 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 dropin funding, they will be able to continue the charity's current activites while consideraton be given to ways In which additional funds may be raised. This level of reserves has been maintained throughoutthe year, |
| The Trustees have a duty to identity and review the risks to which thecharity isexposed and to ensure that appropriate controls are in place providing reasonable assurance against fraud and error. |
| Structure & Govemance: |
| The charity controled by its governing document, a deed of Trust, and constitutes a imited company, limaed by guarantee as |
| detinedbytheCompanies Act2006. |
The Trustees, who are also the Groctors for the purpose of company law, and who served Curing he year wore: Mrs Z. E. Koder Mr M.ED.de Styroea
Mrs AF. Pill
None of the Trustees has any beneficial interest in he company. All of the Trustees are members of the company and guarantee to contrute £1 in the event of a winding up.
(7
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eee
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The Merry OperaCompanyLtd
FOR THE YEAR ENDED 31/12/2021 TRUSTEES’ REPORT
The report was prepared in accordance with the special provisions within Part 15 of the Cornpanies Act 2008. This report was approved by tre Board of Trusoes on SZ SAAD | 2°22 Mrs. AF Hill | 5
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.
The Merry Opera CompanyLid INDEPENDENT EXAMINER'S STATEMENT FOR THE YEAR ENDED[31/12/2021] INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEESOF THE MERRY OPERA COMPANY LTD I report on the accounts of the company for the year ended 31/12/2021 . RESPECTIVE RESPONSIBILITIESOFTRUSTAND E XAMINERES The trustees (who are also the drectors of he 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 his year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examnation is needed. | am qualified to undertake the examination by being a qualified memberof ICAEW . Having satisfied myself that the charity is not subject to an audit under cornpany law and Is eligdle for Independent examination, it is my responsibil t o:y * exarnine the accounts under secton 145 of he 2011 Act:
- follow the procedures laid down in the general Directons given by the Charity Commission under section 145(5}(b} of the 2011 Act; and * State whether particular matters have come to my atienton. BASIS OF INDEPENDENTEXAMINERS STATEMENT My exammnation was cared out n 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. N also includes consideration of any unusual lens of disclosures in the accounts, and secking explanations trom you as Tustees 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 vew" and the report is limited to ose Matiers set out in the statement below.
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matier has come to my attention:
(1) which gives ne reasonable cause to believe that in any matenal respect the requirements:
- © keep accounting records in accordance with section 386 of the Companies Act 2006; and » % prepare accounts which accord with he accounting records, cornply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods ard principles of the Statement of Recommended Practice: Accounting and Reportingby Charites have not been met; or
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(2) to which, in my opinion, atlention should be drawn in to enable understandingof the accounts to be reached
aeee ee ee ees ——
Southworth and Co Ltd 21/1 /2ere
Cnanered Accountants
Treasures
Four Elms Edenbridge
TNS 6NE
01732 700670
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The Merry OperaCompanyLtd
| Statement of Financial Activities |
Statement of Financial Activities |
|||
|---|---|---|---|---|
| forthe | year ended 31/12/2021 | |||
| 2021 | 2020 | |||
| Unrestric Restricte tedfunds d funds |
Total | Total | ||
| £ | £ | £ | € | |
| Income | ||||
| Income trom generated fun s |
||||
| Incorna trom charitable activites | 64,785 | - | 64785 | 110,706 |
| Total Income and endowments | 64,785 | - | 64,785 | 110,706 |
| Expenses | ||||
| Costs ofgenerating fu ds |
||||
| Expenditure on Rased funds | 61,200 | - | 61,200 | 102,060 |
| Expenditure on Charitable activities | 5,329 | : | 5.329 | 5,149 |
| Total Expenses | 66,529 | - | 66529 | 107,209 |
| Net gains on investments Net Income |
(1,744) | - | (1,744) | 3,497 |
| Gains/osses) on revaluation offixed assests |
||||
| Netmovement in funds: |
||||
| Net income for the year | (1,744) | -~ | (1,744) | 3,497 |
| Total funds brought forward | 11.559 | + | 11,559 | 8.062 |
| Net funds carried torward | 9,815 | . | 9,815 | 11,559 |
| This statement of financal activites includes al gains and losses recognised in the year, Allincome and expenditure | ||||
| Cerivetromcontinuingactwtes |
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The Merry Opera CompanyLtd
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BALANCESHEET AT 31/12/2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | |||
| CURRENT ASSETS | |||||
| Dedtors (arnounts falling cue within one year) | . | MS | |||
| Cash at bank and in hand | 12,954 | 12,767 | |||
| 12,954 | 13,142 | ||||
| CREDITORS: Amounts falling due within one year | 3 | 3.139 | 1.553 | ||
| NET CURRENT ASSETS | 9.815 | 11,559 | |||
| TOTALASSETS LESS CURRENT LIABILITIES |
9.815 | 11,559 | |||
| CAPITAL AND RESERVES |
|||||
| Unrestricted funds | 5 | ||||
| General tund | 9.615 | 11,559 | |||
| 9.615 | 11,559 |
For the year ending 31/12/2021 the company was entitied io exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the cornpany to obtain an audit in accordance with section 476 of he Companies Act 2006. The directors acknowledge Mer responsibilities for complying with the requirements of the Act with respect to accounting records and the preparationof accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. Approved by the booed of trustees on L.?/.«[2.2and signed on their behall by
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4
Mrs.AF Hal
Trustee wo
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The Merry Opera CompanyLtd
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/12/2021
1, ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the hstorical cost convention,
The accounts have been prepared in accordance wath 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 Reportingby Cnantes.
1b. incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitied to the incorne ard the amount can be quantified with reasonable accuracy.
tc, 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 Girectly atrDuted to particular headings they have been allocated to activites on a basis consistentwith the use of resources.
1d. Allocation And ApportionmenOf Cos t s
All costs relate to the single activity of the charitable company and are recognised accordingly.
te. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted tunds can only be used for particular restricted purposes within the cdjects of the charity. Restrictions arise when specified by the Gonor of when funds are raised for particular restricted purposes. Designated tuncs are funds set aside by he trustees out of unrestricted general funds for the specific future purposes or projects.
It, Turnover Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2.EMPLOYEES
Average number of employees
| 2021 | 2020 |
|---|---|
| No. | No. |
| 2 | 2 |
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The Merry Opera CompanyLid
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security Omer creditors
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2021 2020
c £
1,788 -
1,351 1,553
3,139 1,553
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4.LIMITEDBY GUARANTEE The company is limited by guarantee and does not have a share capital. Each member g'ves a guarantee to contrDute a sun not exceeding £1, to the company should it be wound up, At 31/12/2021 there wore mombers.
5. UNRESTRICTED FUNDS
General tund
6. RESTRICTED FUNDS
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Brought Incoming OutgoingTransfers Carried
forward resource resource forward
s 3
c £ £ £ c
11,559 64.785 (66,529) - 9,615
11,559 _ 64.785 (66,529) - 9895
Brought Incoming OutgoingTransfers Carried
forward resource resource forward
a 4
£ £ c c c
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Specific performances fund
A resvicted fund is maintained for grants received for specific performances
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| TheMerryOperaCompanyLid | ||||
|---|---|---|---|---|
| IncomingResources | ||||
| forthe yearended31/12/2021 | ||||
| 2021 | 2020 | |||
| £ | c | |||
| Incomingresources | ||||
| Incoming resourcesfrom generatedfunds | ||||
| CharitableActivity | ||||
| Charitable activities | 17,338 | 74,296 | ||
| Grants | 47,447 | 36,682 | ||
| 64.785 | 110,978 | |||
| 64.765 | 110,706 | |||
| 64.785 | 110,706 |
page 10
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| TheMerryOperaCompany Lid | |||
|---|---|---|---|
| Expenses | |||
| forthe yoarended 31/12/2021 | |||
| 2021 | 2020 | ||
| c | £ | ||
| Expenses | |||
| Costs of generatingtunds |
|||
| Fundraising TradingCosts | |||
| Performersandotherfees | 58,765 | 100,060 | |
| Other production costs | 2415 | 2,000 | |
| 61,200 | 102,060 | ||
| 61.209 | 102.060 | ||
| Charitable Activities | |||
| Performersand otherfees | |||
| Resources Expended Charitable Activities21 | 358 | 632 | |
| Computercosts | 6394 | 1,375 | |
| Insurance | 332 | a71 | |
| Statonery&office supplies | 1,755 | 1,296 | |
| Bankcharpes | 207 | {40} | |
| 3,66 | 3634 | ||
| Governance Costs | |||
| Independentexamination | 1,200 | 1,200 | |
| Accountancy | 523 1,723 |
315 1.515 |
|
| 66,529 | 107.209 |
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