| COMPANY REGISTRATIONNUMBER | 7232736 |
|---|---|
| INDEPENDENTEXAMINER | Olayinka TomoriACA,DChA |
| Longmeade ConsultLtd | |
| Victory Way | |
| AdmiralsPark | |
| Dartford | |
| DA26QD | |
| BANKERS | tsarclaysBankplc |
| Leicester | |
| LE87 2BB | |
| SOLICITORS | CharlesRussellSpeechlys |
| 5FleetPlace | |
| London | |
| EC4M7RD |
| 31December | 3lIlecember | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | 2023 | 2022 | ||
| Notes | f | g | Total f |
Total t |
|
| (Notel0) | |||||
| INCOMEfrom: | |||||
| Donations,legacies and grants | I | 252,856 | 252.&56 | 281.577 | |
| Charitableactivities | 2 | 138,209 | 138,209 | t71,11,4 | |
| Other tradingactivities | ? 000 | ||||
| Totalincome | 391.065 | 391,065 | 454,691 | ||
| EXPEIYDITURE on: | 3 | ||||
| Raising funds | 6,046 | 6,046 | 32.r08 | ||
| Charitableactivities | 345,016 | 6,450 | 351,466 | 462,643 | |
| Totalexpenditure | 351,062 | 6,45t} | ?<7{I) | 494.151 | |
| Net income/(expenditure) and Net MovementinFunds |
40.003 | (6,450) | ??s51 | (40.060) | |
| Fundbalancesbroughtforward | |||||
| atIlaauary2423 | 150,786 | 14,000 | t64,786 | 244,846 | |
| Fundbalancescarried forrvard at31.December2023 |
f190,789 | f7,550 | fr98,339 | jYr'I |
| 3lDecember | 31 | December | ||
|---|---|---|---|---|
| Notes | 2023 | 2022 | ||
| f, | $ | |||
| CURRENTASSETS | ||||
| Debtors | 6 | 145,701 | 53,535 | |
| Cashat bank andinhand | 61,394 | l13,593 | ||
| 207.095 | 167,128 | |||
| CURRENTLIABILITIES | ||||
| Creditors:amountsfallingdue | ||||
| withinoneyear | 1 | (8,756) | (2,342) | |
| NET CURRENTASSETS | I98,339 | 164,786 | ||
| TOTALASSETS | t198,339 | f,164,786 | ||
| Representedby: | ||||
| FUNDS | ||||
| Unrestricted: | ||||
| General | 190,789 | 1s0,786 | ||
| Restricted | 8 | 7,550 | 14,000 | |
| f.198,339 | t164,786 |
==> picture [363 x 105] intentionally omitted <==
| 31December | 31December | |
|---|---|---|
| 2023 | 2022 | |
| I | s | |
| Net movementinfunds(asper the Statement of FlnancialActivities) | 33,553 | (40,060) |
| Adjustmentsfor | ||
| (Increase)indebtors | (92,166) | (48,179) |
| Increasei (decrease)in creditors | 6,414 | ( rs,387) |
| Netcashprovldedby operating activities& | ||
| Changeincasbandcashequivalentsin year | (52,199) | (103,626) |
| Cashandcashequivalents atIJanuary2023 | I13,593 | 217,219 |
| Cashandcashequivalents at31December2023 | 96t,394 | f,I13,593 |
| Analysis ofcash and cashequivalents | ||
| Cashatbankandin hand | f;61,394 | f,113,593 |
| I. | DONATIONS, LEGACIES AND GRANTS | ||||
|---|---|---|---|---|---|
| 3lDecember | 31December | ||||
| 2023 | 2022 | ||||
| Unrestricted | Restricted | Total | Total | ||
| *. | f | s | f | ||
| Trusts&Foundations | 200,500 | 200,500 | 201,100 | ||
| SpecialEvents | 11,216 | t 1,216 | 30,610 | ||
| Other charitable donations(includingGift Aid) | 41,140 | 4l,140 | 49,867 | ||
| 9252,8s6 | 9252,856 | f281,577 | |||
| Periodended3iDecember 2022 | f2t2,577 | *i9{" | f281,577 | ||
| ) | INCOMEFROMCHARITABLEACTTWTIES | ||||
| 3lDecember | 3lDecemher | ||||
| 2023 | 2022 | ||||
| Unrestricted t |
Restricted t |
Total f |
Total f |
||
| Ticketsales | 2,631 | 2,631 | 10,010 | ||
| Performancefees | 24,578 | 24.578 | 90,604 | ||
| Special Events-Auctionincome | 70,500 | ||||
| Theatre TaxRelief | I11,000 | II1,000 | |||
| -111 | f_ | f.138,209 | L17l,ll4 | ||
| Breakdown: periodended31December2022'. | f,171,114 | f- | L17r,114 |
| 3. | ANALYSISOFEXPENDITT.IRD | |||||
|---|---|---|---|---|---|---|
| 31December | 31Decemher | |||||
| Unrestricted f |
Restricted s |
2023 f |
2022 f |
|||
| Raising funds: | ||||||
| Fundraisingcosts | 2,707 | 2,707 | 6,482 | |||
| GalaandSpecial Eventscosts | 3,339 | 3,339 | 25,626 | |||
| l'otal-Ii.aising funds | 6,046 | 6,046 | 32,I08 | |||
| Charitableactivities: | ||||||
| Promotion ProductionCosts |
9,792 188,699 |
q,oit | 0?a? 193,306 |
18"657 10?q57 |
||
| Artists'fees | 124.453 | 1,84: | 125,296 | I18,4i9 | ||
| Outreach&Pertbrmance Administrationandsupport.costs Covemancecosts |
6,069 12,913 3,090 |
6,069 t?ql1 IOg0 |
6,036 12,754 2.820 |
|||
| TotalCharitableactivities | 345,016 | 6,450 | 351,466 | 462,643 | ||
| Totalexpenditurefortheyear | f351,062 | f6,450 | t35V,512 | {494,751 | ||
| 'Iotalexpenditure-31December2022 | ,408,810 | f85,941 | f494,75t | |||
| IncludedinArtists'fees above arestaffcostsof11108,009(2022: | f95.823). | |||||
| 31December | 31December | |||||
| 2023 | 2022 | |||||
| Includedinexpenditureare: | t | *. | ||||
| FeespaidtoIndepeldentExaminer(in | ||||||
| Covernancecosts); | ||||||
| IndependentExalninatiol | 1,100 | 1,050 | ||||
| Accountancy sen'ices | 450 | 440 | ||||
| fl,550 | .19 | |||||
| 4. | STAFFCOSTSANDNUMBERS | |||||
| 31December | 31 December | |||||
| 2023 | 2022 | |||||
| Total | Total | |||||
| s | T | |||||
| Staf-fcostsduringtheyearwereas f-ollorr,'s: | ||||||
| Wages and salaries Sercialsecuritycosts |
43,231 4,7r1 |
40,000 !1,499 |
||||
| Other pensioncosts | 1,098 | 1"013 | ||||
| 49.040 | 45.512 | |||||
| Consultants | 58,969 | 50,311 | ||||
| f,108,009 | fr95,823 |
| STAFF COSTSAND NUMBERS (CONTINUED) | ||
|---|---|---|
| Theaveragenumberofemployeesinthe year was: | 3lDecember31December | |
| 2023 | 2022 | |
| No. | No. | |
| Artisticdirector | 1i |
| echarity forthesupplyofprofessionalservicesonanarms-lengthbasis: | ||
|---|---|---|
| 31December | 31December | |
| 2023 | 2022 | |
| c | f, | |
| KarenPilkinglon-Miksa - RemunerationasArtistic Director |
*p: | f.45,512 |
| JanPilkington-Miksa(spouseofatrustee) | ||
| -Feespaidforadministrativework | f7,017 | f8,570 |
| SimonWeilisapartnerat thelawfirmBDBPitmansLLP | ||
| For legalservices | f.- | f480 |
| JulianFlitterisapartneratGoodmanJonesLLP,Chartered accountants Forpayrollandotherprofessionalservices |
f790 | [1,]# |
| Noexpensesincurredonbehalfofthecharitywere reimbursedtoany trusteefor phone,traveland subsistence(3IDecember 2022: none) |
f- |
| onationsfromtrustees andtheirrelatedpartiesint | heyearwasLnil(2022:fI2,500). | |
|---|---|---|
| DEBTORS | 3lDecember | 3lDecember |
| 2423 | 2022 | |
| 2 | f, | |
| VATrecoverable | 2,124 | 3,535 |
| Otherdebtors | 143.577 | 50,000 |
| Ll45,701 | f53,535 |
| CREDTTORS | 3lDecember | 31December | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| s | s | |||
| Othertaxes andSocial Security | 1,012 | 892 | ||
| Other creditors | 5,059 | |||
| Accrurnls anddeferred income | 2,685 | 1,450 | ||
| 98,756 | yv | |||
| RESTR]CTEDFUNDS | ||||
| Yearrended31December2023 | Balanceat | Balanceat | ||
| startofyear t |
Income *. |
Expenditure cf |
endofyear | |
| Funding for performances | 4,000 | (4,000) | ||
| BusinessDevelopment Fund | 10,000 | (2.4s0) | 7,5-r; | |
| f14,000 | r | f,(6,4s01 | 17,5s0 |
| heROI{'frailblazerOutreach Fundisafundes utreachactivities. |
tablishedby the R | oyal Opera Co | mpany especiallyfor | the support |
|---|---|---|---|---|
| Yearended31 December2022 |
Balanceat | Balanceat | ||
| (comparative) | startofyear f |
Income f |
Expenditure cf |
endofyear |
| Proferisional Dancer DevelopmentFunds Fundingforperformances |
29,031 | 6,500 52,500 |
(6,s00) (77,53t) |
4,000 |
| BusinessDevelopment Fund | r0,000 | - | 10,000 | |
| ROHTrailblazerOutreach Fund | 1,91; | (1,e10) | ||
| _rrlrt | f69,000 | f(85,941) | f14,000 |
| Unrestricted General tfgf |
Funds: Designated |
Restricted Funds |
Total | |
|---|---|---|---|---|
| Currentassets Currentliabilities |
199,545 (8,756) |
- |
7,550 | 207,A95 (8,756) |
| f190,789 | f- | f7,550 | f198,339 | |
| 3lDecember2022(comparative) | Unrestricted General ftfI |
Funds: Designated |
Restricted Funds |
Total |
| Currentassets Currentliabilities |
153,128 (2,342) |
- |
14,000 | 167,128 {2,342) |
| f150,786 | f,- | f14,000 | f.164,786 |
| 10.COMPAR,A,TTVESTATEMENTO | FFINANCIAL ACTIVITIES- | PRIORPERI | OD |
|---|---|---|---|
| 31 | December | ||
| UnrestrictedRestricted | 2022 | ||
| fs | Total | ||
| INCOMEfrom: | |||
| I)onations,legacies andgrailts Charitableactivities |
212,577 171,fi4 |
69,000 - |
281,577 l7l,ll4 |
| Other tradingactivities | 2,000 | - | 2,000 |
| Totalincome | 385,691 | 69,000 | 454,691 |
| EXPENDITUREon: | |||
| Raising funds Charitableactivities |
32,108 376,702 |
- 85,941 |
32,108 462,643 |
| Totalexpenditure | 408,810 | 85,941 | 494,751 |
| Net(expenditurelincomeand Net MovementinFunds |
(23,119) | (16,941) | (40,060) |
| Fundbalancesbroughtforward atIlarwary2022 |
173,905 | 30,941 | 204,846 |
| Fundbalancescarriedforward at3lDecember2022 |
f150,786 | f14,000 | f,164,786 |