##
##
##
##
##
|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|
##
##
##
||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|