CHARITY REGISTRATION NUMBER : 1138490
COMPANY REGISTRATION NUMBER: 07150053
OPERA ANYWHERE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2022
OPERA ANYWHERE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
CONTENTS
| Page | |
|---|---|
| Reference and administrative details | 1 |
| Trustees’ annual report | 2 - 4 |
| Independent Examiner’s report to the trustees | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8- 14 |
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 28 FEBRUARY 2022
REGISTERED Opera Anywhere Limited CHARITY NAME
CHARITY 1138490 REGISTRATION NUMBER COMPANY 7150053 REGISTRATION NUMBER REGISTERED OFFICE 2 The Quarry, AND OPERATIONAL Sunningwell ADDRESS Abingdon OX13 6RA
TRUSTEES
The trustees who served during the year and since the year end were as follows:
Mr. John Logan
Dr Jeanette Gordon Mr Nicholas Planas Mr John Alcock Ms Barbara Wynn (resigned 28 April 2022) Mr Mike Woodward Mrs Vanessa Woodward
BANKERS
The Co-operative Bank p.l.c.
INDEPENDENT EXAMINER
Neil Adshead FCA Creative Tax Reliefs Ltd Room F14A, First Floor, Bolton Arena, Arena Approach, Horwich, Bolton, BL6 6LB
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TRUSTEES’ ANNUAL REPORT YEAR ENDED 28 FEBRUARY 2022
OBJECTIVES AND ACTIVITIES
To advance the education of the public in music, theatre and the performing arts with particular but not exclusive reference to opera. The Company produces, promotes and performs numerous public and private events each year with the objective of enabling the operatic form to be more accessible.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Opera Anywhere Limited is a registered charity, number 1138490. The governing constitution was adopted on 8 December2010.
ACHIEVEMENTS AND PERFORMANCE
REVIEW OF ACTIVITIES
Following the disruptions of the pandemic and the inevitable loss of live performances in 2020, 2021 proved to be the beginning of a recovery and return to many live events, albeit in a rather stop-start fashion. Covid restrictions obviously played a part in the planning and implementation of our 2021 events, social distancing guidelines and general audience nervousness inevitably meant ticket sales for our public events were not as good as they would have been. However, as restrictions relaxed and outdoor events were allowed, Opera Anywhere did benefit from its ability to be nimble and quick to respond to circumstances and were able to develop a number of new relationships with venues and promoters presenting outdoor performances.
We did have to cancel some planned outdoor events and in particular our Cornwall tour was affected, mainly by lack of bookable accommodation, but the number of new bookings for performances more than made up for the loss.
We continued with our ‘G&S Festival’ concept where we promoted several of our G&S productions, sometimes in one venue during the same weekend, on other occasions two performances on the same day! We were also able to retain our Magic Flute production within our repertoire. Our production directors and cast members excelled during this crazy time and their commitment and enthusiasm carried the company through the uncertainty and concerns around Covid and adapted amazingly to the social distancing requirements during rehearsals and performances.
We were very grateful to our trustee and technical director, John Alcock, who was able to constantly keep the team abreast of the latest Covid guidelines and restrictions. There were no reported cases of Covid amongst the cast and crew throughout 2021 resulting from an Opera Anywhere event.
The general move towards online communications and the adoption of technologies such as ‘Zoom’ enabled Opera Anywhere to develop new relationships with Oxfordshire based business networking groups which resulted in several private entertainment events. With the restrictions on producing hard copy marketing such as flyers and posters we were able to focus more resources online, using ‘Facebook Events’ and ‘Twitter’.
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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 28 FEBRUARY 2022
Although grants received were much lower than during the first year of the pandemic, public and private event income increased and the lower marketing costs enabled Opera Anywhere to repay some directors loans whilst making a small nett profit.
On reflection, an extremely busy and stressful year for Opera Anywhere but delighted that we are in a position to look forward to the coming year with increased optimism, equipped with new skills, a very talented and enthusiastic team accompanied by a number of new business partnerships and an ever growing loyal and supportive audience base.
Opera Anywhere is a member of ‘Opera UK’, an organisation which has an objective of bringing together opera companies large and small in order to encourage collaboration and to develop new initiatives. Opera Anywhere is also a member of the ‘Oxford Community Business Network’ and ‘B4’ business networking groups and also members of the ‘Gilbert and Sullivan Society’ and the ‘Arthur Sullivan Society’.
FUTURE DEVELOPMENTS
As we look forward with optimism to return to a full touring programme in 2022 we are excited by the number of new venue relationships developed which we are able to integrate and expand into our schedule, providing no more pandemic setbacks, the coming year could be really good!
At time of writing Opera Anywhere has just completed the initial new production rehearsals of ‘Iolanthe’ which alongside ‘Trial By Jury’ will be included in our ‘G&S Festival’ concept.
We are also delighted to collaborate with ‘Sorelle’, who will stage the first half of our ‘Opera’s Heroines’ production fitting nicely with our one-act Puccini production ‘Sister Angelica’.
To help celebrate the Queen’s Platinum Jubilee this year we decided, along with a partnership with the Sunningwell School of Art and sponsored by our marketing agency ‘Juicy Designs’ to resurrect the ‘Sunningwell Festival’, a multi genre arts and music festival with events taking place at the Art School and at the home of Opera Anywhere, in the gardens of the Quarry!
Opera Anywhere’s aims include supporting the early career development of young musicians, directors and theatre makers through the provision of experience of working alongside a professional team, pastoral care and fairly paid performance opportunities in addition to offering occasional work experience and volunteer posts to young upcoming performers.
Our events enhance the communities we work in as places of cultural creativity, providing a year-round opera programme and helping develop a sustainable, artistic economy. We also work alongside other charities who promote opera events to raise funds for their own causes.
FINANCIAL REVIEW
The unrestricted funds of the charity were a surplus of £15,253 (2021- 12,848).
The aim of the charity is to build up reserves in order to ensure productions and education can be ongoing. The reserves policy is to review resources annually to ensure future funding needs are met. Our reserves do not meet this requirement at the present time.
The trustees have reviewed this policy in the light of their expectations for the future and have confirmed that it is prudent to maintain the charity’s current policy
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TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 28 FEBRUARY 2022
GOING CONCERN POLICY
The Trustees have a reasonable current expectation that the organisation has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of approval of the financial statements. At the date of signing, the charity had made a surplus for the period commencing 1 April 2022. For these reasons, the Trustees have adopted the going concern basis of accounting in the preparation of these financial statements. Accordingly, these financial statements do not include any adjustments to the carrying amount or classification of assets and liabilities that would result if the organisation was unable to continue as a going concern.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material
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departures that must be disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to
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presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
By order of the board of trustees
Mike Woodward Trustee Dated: 28 April 2022
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OPERA ANYWHERE LIMITED
On accounts for the year 28 February 2022 Charity no 1138490 ended
Set out on pages 6 to 14
I report to the trustees on my examination of the accounts of the Company for the year ended 28 February 2022.
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination.
Responsibilities and basis of I report in respect of my examination of the charity’s accounts carried out under report section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's I have completed my examination. I confirm that no material matters have come statement to my attention in connection with the examination which gives me cause to believe that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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.
Signed: Date: 28 April 2022 Name: Neil Adshead Relevant professional FCA. Institute of Chartered Accountants in England and Wales qualification(s) or body (if any): Address: Creative Tax Reliefs Ltd
Room F14A, First Floor, Bolton Arena, Arena Approach,
Horwich, Bolton, BL6 6LB
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STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 28 FEBRUARY 2022
| 2022 | 2021 | ||
|---|---|---|---|
| Unrestricted funds | Unrestricted funds | ||
| Note | £ | £ | |
| Income from: | |||
| Donations and | 2 | 11,739 | 43,180 |
| legacies | |||
| Charitable activities | 3 | 69,382 | 6,608 |
| Other income | 4 | 1,956 | 8,252 |
| Total income | 83,077 | 58,020 | |
| Expenditure: | |||
| Expenditure on charitable activities |
5 | 77,862 | 51,546 |
| Raising funds | 6 | 2,810 | 4,242 |
| Total expenditure | 80,672 | 55,788 | |
| Net income | 2,405 | 2,232 | |
| /(expenditure) for | |||
| the year | |||
| Net | |||
| movement in | 2,405 | 2,232 | |
| funds in the | |||
| year | |||
| Reconciliation of | |||
| funds: | |||
| Total funds | **(1,758) ** | (3,990) | |
| brought forward | |||
| Total funds carried | |||
| forward | 647 | (1,758) |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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BALANCE SHEET AS
AT 28 FEBRUARY 2022
| 2022 2021 Fixed assets Note £ £ £ Tangible assets 7 24,959 Creditors: amounts falling due within one year 8 9,706 10,950 Net current assets (9,706) Creditors: amounts falling due after more than one year 9 - Net assets 15,253 Funds of the charity: Unrestricted income funds 10 647 Revaluation reserve 11 14,606 Total charity funds 15,253 |
£ 26,000 (10,950) 2,202 |
£ 26,000 (10,950) 2,202 |
|---|---|---|
| 12,848 | ||
| (1,758) 14,606 12,848 |
The company was entitled to exemption from audit under s477 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 Companies Act with respect to accounting records and the preparation of accounts These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
These financial statements were approved by the trustees and authorised for issue on 28 April 2022, and are signed on behalf of the board by:
John Logan Chair
Mike Woodward Trustee
The notes on pages 8 to 14 form part of these accounts
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FOR THE YEAR ENDED 28 FEBRUARY 2022
1. Accounting Policies
General information
Opera Anywhere Limited is a charitable company registered with the Charity Commission in England & Wales. The office address is 2 The Quarry, Sunningwell, Abingdon, OX13 6RA.
1.1 Accounting convention
These financial statements have been prepared in accordance with the charity’s constitution, the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
At the date of approval of the accounts, the trustees are aware of the potential impact on the charity of Covid-19. The trustees have actively taken and continue to take all reasonable steps to mitigate any impact the virus may have on the charity.
1.3 Public benefit entity
The charity meets the definition of a public benefit entity under FRS 102.
1.4 Fund accounting
Unrestricted funds are funds that can be used in accordance with the objectives of the charity at the discretion of the trustees.
1.5 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
For donations to be recognised the charity will have been notified of the amounts. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained, then income is deferred until those conditions are fully met or the fulfilment of those conditions is within the control of the charity and it is probable that they will be fulfilled.
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Income from government and other grants, whether ‘capital grants or revenue grants’, are recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred. Where a grant is received for a specific purpose, it is included in restricted income and any unexpended portion carried forward as a restricted fund.
Gift Aid
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Donated services and facilities
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
1.6 Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably. All expenditure was incurred in carrying out the charitable activity of the charity, including the costs of operating.
The charity is registered for VAT and therefore all expenditure is recorded net of VAT.
There were no employees during the year (2021, Nil)
1.7 Taxation
The charity is exempt from corporation tax on its charitable activities. The charity is registered for VAT.
1.8 Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life as follows:
Costumes & sets 20% straight line Motor vehicles 25% reducing balance Equipment 33% reducing balance
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1.9 Basic financial instruments
The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS 102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS 102 SORP.
2. Donations and legacies
| Donations Grants Donated goods and facilities |
Total 2022 £ 3,739 - 8,000 11,739 |
Total 2021 £ 12,610 22,550 8,000 |
|---|---|---|
| 43,160 |
3. Income from charitable activities
| Performances ther income Creative industry tax relief Gift Aid |
Total 2022 £ 69,382 Total 2022 £ 1,765 191 1956 |
Total 2022 £ 69,382 Total 2022 £ 1,765 191 1956 |
Total 2021 £ 6,608 |
|---|---|---|---|
Total 2021 £ 8,252 - |
|||
| 8,252 |
4. Other income
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5. Expenditure on charitable activities
| Production expenditure Support costs |
Total 2022 £ 47,455 30,407 77,862 |
Total 2021 £ 22,130 29,416 |
|---|---|---|
51,546 |
Support costs include an amount of £3,492 incurred on governance costs (2021 £4,724)
6. Expenditure on raising funds
| Advertising and marketing Repairs and maintenance |
Total 2022 £ 2,810 - 2,810 |
Total 2021 £ 2,984 1,258 |
|---|---|---|
| 4,242 |
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7. Tangible fixed assets
| Costumes & sets Motor vehicles Equipment Cost £ £ At 1 March 2021 12,983 35,195 6,716 Additions - - 6,670 At 28 February 2022 12,983 35,195 13,386 Depreciation At 1 March 2021 1,983 23,195 3,716 Depreciation 2,600 3,000 2,111 At 28 February 2022 4,583 26,195 5,827 Net book value At 1 March 2021 11,000 12,000 3,000 At 28 February 2022 8,400 9,000 7,559 |
Total £ 54,894 6,670 61,564 28,894 7,711 36,605 26,000 24,959 |
|---|---|
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8. Creditors: amounts falling due within one year
| Bank loans and overdrafts Accruals and deferred income Obligations under hire purchase contracts Other creditors reditors: amounts falling due after more than one year Obligations under hire purchase contracts |
2022 £ 4,931 2,320 1,991 464 9,706 2022 £ - |
2021 £ 5,193 3,323 1,835 599 10,950 |
2021 £ 5,193 3,323 1,835 599 10,950 |
|---|---|---|---|
2021 £ 2,202 |
9. Creditors: amounts falling due after more than one year
10. Unrestricted funds
These are the unrestricted funds which are material to the charity’s activities, and are made up as follows:
| Balance at | Incoming | Resources | Transfers | Balance at 28 | |
|---|---|---|---|---|---|
| 1 March | resources | expended | February 2022 | ||
| 2021 | |||||
| £ | £ | £ | £ | £ | |
| Unrestricted Fund | |||||
| - General | (1,758) | 83,077 | (80,672) | - | 647 |
| For the year ended 28 | February 2021 | ||||
| Balance at | Incoming | Resources | Transfers | Balance at 28 | |
| 1 March | resources | expended | February 2022 | ||
| 2021 | |||||
| £ | £ | £ | £ | £ | |
| Unrestricted Fund - | |||||
| General | (3,990) | 58,020 | (55,788) | - | (1,758) |
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11. Revaluation reserve
The revaluation reserve of £14,606 (2021 £14,606) was created due to the gain on valuation of certain fixed assets in 2021. This valuation is remains materially correct at 28 February 2022.
12. Trustees’ transactions
No trustee received remuneration for their services as a trustee during the year (2021 Nil).
One trustee was reimbursed for production costs of £2,525 (2021 £400)
Michael and Vanessa Woodward (trustees) made donations totaling £3,144 (2021 £5,000) for general use by the charity, during the year. This total included the balance of £177 owed to them at 1 March 2021.
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2022-04-29
operaccounts 2022final
Final Audit Report
Created: 2022-04-29 By: Sandra Lee (sandra.lee@creativetaxreliefs.com) Status: Signed Transaction ID: CBJCHBCAABAAh2Wp5F1b7XXgMv79jZIAGTKnglCXlKlC
"operaccounts 2022final" History
Document created by Sandra Lee (sandra.lee@creativetaxreliefs.com)
2022-04-29 - 11:14:47 GMT- IP address: 212.139.0.30
Document emailed to Michael Reginald Woodward (mike@operaanywhere.com) for signature 2022-04-29 - 11:19:25 GMT
Email viewed by Michael Reginald Woodward (mike@operaanywhere.com) 2022-04-29 - 14:04:23 GMT- IP address: 217.41.9.92
Document e-signed by Michael Reginald Woodward (mike@operaanywhere.com)
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Document emailed to John Logan (john.logan6@btconnect.com) for signature 2022-04-29 - 14:05:48 GMT
Email viewed by John Logan (john.logan6@btconnect.com)
2022-04-29 - 15:12:08 GMT- IP address: 213.18.188.209
Document e-signed by John Logan (john.logan6@btconnect.com)
Signature Date: 2022-04-29 - 15:19:16 GMT - Time Source: server- IP address: 213.18.188.209
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Agreement completed.
2022-04-29 - 19:10:04 GMT