CHARITY REGISTRATION NUMBER: 1138490
COMPANY REGISTRATION NUMBER: 07150053
OPERA ANYWHERE LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIALSTATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
OPERA ANYWHERE LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
CONTENTS
Page
Reference and administrative details
Trustees, annual report
Independent Examinerfs report to the trustees
Statement of financial activities
Balance sheet
Notes to the financial statements
9-15
OPERA ANYWHERE LIMITED
REFERENCE AND ADMINISTRATIVE DEfAILS FOR THE YEAR
ENDED 29 FEBRUARY 2024
REGISTERED
CHARITY NAME
Opera Anywhere Limited
CHARITY
REGISTRATION
NUMBER
1138490
COMPANY
REGISTRATION
NUMBER
7150053
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:
Mrjohn Logan
Drjeanette Gordon (resigned March 2023)
M r Nicholas Planas
Mr John Alcock
Mr Mike Woodward
Mrs Vanessa Woodward
Ms Lesley McKie
BANKERS
The Co-operatwe Bank p.l.c.
INDEPENDENT EXAMINER
Neil Adshead FCA
Creative Tax Reliefs Ltd
Image House Farm
Sandy Lane
Lathom nr Ormskirk L40 STU
OPERA ANYWHERE LIMITED
TRUSTEES. ANNUAL REPORT
YEAR ENDED 29 FEBRUARY 2024
OBJEcfivES AND AcfiviTIES
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 numerou5 public and private
events each year with the objective of enabling the operatic form to be more accessible.
sTRUURE, 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
Introduction
We are delighted to present the Annual Trustees Report for our year ending February 2024. reflecting
another year of growth, innovation, and strategic investment. Despite encountering challenges, we are
proud to highlight significant achievements and milestones that underscore our commitment to excellence
and sustainability.
Investment in Infrastructure
We recognise the critical importance of staying ahead in a rapidly evolving landscape. Our investments in
infrastructure signify our dedication to enhancing operational efficiency. expanding our reach, and elevating
the overall experience for our patrons. These investments lay a Strong foundation for sustainable growth and
long-term success.
25th Anniversory Progromme
As we celebrate our 25th Anniversary. we are thrilled to announce the launch of a special commemorative
programme. This programme, featuring all current productions, will be available for sale until the end of
2025. It symbolises a milestone in our journey and serves as a testament to our enduring commitment to the
arts and our community.
Performonce Highlights
Our performances continue to captivate audiences, with a notable shift towards the summer season. In our
year ending February 2024, 67% of our performances took place in June, July, and August, with held in
outdoor locations. We are particularly relieved to highlight that none of our outdoor performances were
cancelled due to inclement weather, showcasing our resilience and adaptability.
OPERA ANYWHERE LIMITED
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 29 FEBRUARY 2024
Venue Relationships
We are pleased to report that 23% of the venues we performed at were new to Opera Anywhere, while 77%
represented return relationships cultivated over the years. These enduring partnerships underscore the trust
and confidence our venue partners have in our organisation. and we remain committed to nurturing these
relationship5 for mutual benefit.
Success of "The Mikodo"
Our new production of 'The Mikado, has garnered significant acclaim and attention within the Gilbert and
Sullivan community. Notably. it was featured in a two-page article in the latest issue of 'Gilbert and Sullivan,
news. further solidifying our reputation for artistic excellence and innovation.
Conclusion
In conclusion, Opera Anywhere remains steadfast in its mission to enrich lives through the power of opera
and the performing arts. While we acknowledge the temporary decline in profitability, we are confident that
our strategic investments and forward-thinking initiatives will yield substantial returns in the futu re. We
extend our heartfelt gratitude to our trustees, patrons. partners, supporters, audience members and last,
but not least our amazing performers and crew for their unwavering commitment and belief in our vision.
FUTURE DEVELOPMENTS
Looking ahead with optimism, Opera Anywhere is eager to expand its touring program and further increase
its reach throughout the UK. The recent addition of Tristan Stocks as Company Manager and R05ie Braddy as
Company Administrator brin85 valuable business and cultural experience to the table, particularly in the area
of managing and organising our various cast members. Thanks to two recent successful grant applications,
Opera Anywhere is thrilled to announce a new production of 'The Marriage of Figaro, directed by Vivi
Bayliss, initially performing in June and Ju ly 2024 with the intention of a significant tour in 2025.
Opera Anywhere is committed to supporting the early career development of young musicians, directors,
and theatre makers by offering opportunities to work alongside professionals and providing pastoral care,
fairly paid performance opportunities. and occasional work experience and volunteer posts. Through our
events, we aim to enrich the communities in which we work by fostering cultural creativity and providing
year-round opera program that contributes to a sustainable artistic economy. Additionally, we collaborate
with other charities that promote opera events to raise funds for their own causes.
OPERA ANYWHERE LIMITED
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 29 FEBRUARY 2024
FINANCIAL REVIEW
While our revenue figures reflect impressive growth, it's essential to recognise that our profits have seen a
temporary decline. This decrease can be directly linked to our intentional and strategic investment in
enhancing our inf rastructure. These investments encompass a spectrum of initiatives, ranging from the
development of a cutting-edge website to partnering with a marketing agency to bolster our outreach
endeavours. Furthermore, we've dedicated resources to deepen our relationships with venues and optimise
our ticket sales campaigns. Additionally. our commitment to innovation is evident in the creation of a new
production and the design of a special anniversary program celebrating our 25 years of artistic excellence.
We would like to acknowledge funding of £3250 to develop a new production for the Mikado and for general
touring costs and £IOOO to support production costs for a tour in the previous year.
The unrestricted funds of the charity were a surplus of £17.14112023- £15,680).
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 chariws current policy.
GOING CONCERN POLICY
The Trustees have a reasonable current expertation that the organisation has adequate resources to
continue in operational existence for the foreseeable future. being a period of at least 12 months f rom the
date of approval of the financial staternents. At the date of signing, the charity had made a surplus for the
period commencing l March 2024. For these reasons, the Trustees have adopted the going concern basis of
accounti ng in the preparation of these financial statements. Accordingly, these f inancial statements do not
include a ny 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.
OPERA ANYWHERE LIMITED
TRUSTEES, ANNUAL REPORT
FOR THE YEAR ENDED 29 FEBRUARY 2024
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:
select suitable accounting policies and then apply them consistently;
obseNe the methods and principles in the applicable CharitiesSORP;
make judgements and estimates that are reasonable and prudent:
state whether applicable accounting standards have been followed. subject to any material
departures that must be disclosed and explained in the financial statements;
prepare the financial statements on the going concem basis unless it is inappropriate to
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 ihe 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 irregu larities.
By order of
ard
trustees
ike Wo
Tru
Dated:
ward
April 2024
OPERA ANYWHERE UMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OPERA ANYWHERE LIMITED
On accounts forthe year
ended
29 February 2024
Charity no
1138490
Set out on pages
7t015
I report to the trustees on my examination of the accounts of the Company for the
year ended 29 February 2024.
As the charity's trustees of the Company land also its directors for the purposes of
company lawl you are responsible for the preparation of the accounts in
accordance with the requirements of the Companies Act 20061.the 2006 Act'l.
Having satisfied myself that the accounts of the Company are not required to be
audited under Part 16 of the 2(M)6 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 Charty Commission under section 14515}Ibl
of the Act.
I have completed my examination. I confirm that no material matters have come
to my attention in connection with the examination which gives me cause to
believe that in, any material respect:
the accounting records were not kept in accordance with section 130 of the
Charities Act; or
Independent examiner's
statement
the accounts did not accord with the accounting records,. or
the accounts did not comply with the applicable requirements concerning the
form and content of accounts set out in the Charities IAccoLtnts and Reports)
Regulations 2008 other than any requirement that the accounts give a 'true
and fairf 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:
26 April 2024
Name:
Neil Adshead
Relevant professional
qualificationlsl or body lif
any}:
FCA. Institute of Chartered Accountants in England and Wales
Address:
Creative Tax Reliefs Ltd
Image House Farm. Sandy Lane,
Lathom nr Omiskirk L40 STU
OPERA ANYWHERE LIMITED
STATEMENT OF FINANCIAL AcfiviTIES
YEAR ENDED 29 FEBRUARY 2024
Unrestricted
Unrestricted
Notes
Funds
Funds
2024
2023
INCOME FROM..
Donations and legacies
Charitable actiwties
12,060
20,770
94.323
75.564
Other income
4,846
Total income
115,027
101,180
EXPENDITURE ON:
Charitable activities
106.487
99,173
Raising funds
7,079
1,580
Total expenditure
113,566
100,753
NET INCOME
1,461
427
TOTAL FUNDS BROUGPtt FORWARD
1,074
647
TOTAL FUNDS CARRIED FORWARD
2,535
1,074
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
7
## OPERA ANYWHERE LIMITED
## BALANCE SHEET AS AT 29 FEBRUARY 2024
**----- Start of picture text -----**
Unrestricted Unrestricted
funds funds
2024 2023
£ £
Notes
Fixed assets
Tangible assets 7 18,834 22,282
Current assets
Debtors 8 4,447 1,080
Creditors
Amounts falling due within one year 9 6,140 7,682
Net current assets (1,693) (6,602)
Net assets 17,141 15,253
Funds of the charity:
Unrestricted income funds 10 2,535 1,074
Revaluation reserve 11 14,606 14,606
TOTAL CHARITY FUNDS 17,141 15,680
**----- End of picture text -----**
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 26 April 2024, and are signed on behalf of the board by:
John Logan Chair
L Mike Woodward Trustee
The notes on pages 9 to 15 form part of these accounts
OPERA ANYWHERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
l. 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, 5unningwell. 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 Standa rd applicable in the UK and Republic
of I reland IFRS 1021 and the Charities Act 2011.
The charity has taken advantage of the provisions in the SORP for charities applying FRS 102
Update Bulletin I 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 reasonableexpectation 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.
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 objertives 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 fulf ilment of
those conditions is Within the control of the charity and it is probable that they will be fulfilled.
OPERA ANYWHERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
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
G rft 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 a ppeal 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.
The contribution of unpaid volunteers is not accounted for but noted in the accounts.
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 year12023, 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 lor deemed costl 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 or reducing balance basis over its
expected useful life as fol lows:
Costumes & sets
Motor vehicles
Equipment
IO% straight line
20% reducing balance
IO% reducing balance
io
OPERA ANYWHERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
1.9 Basic financial instruments
The charlty 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
2024
2023
Donations
6,860
6,439
Grants
4,250
Donated goods and facilities
12,000
Giftald
950
2,331
20,770
Contribution of unpaid volunteers
During the year the charity was supported by time freely given by volunteers..
Mike and Vanessa Woodward, 156 days for administration and performances. at an estimated value of£15,600
John Alcock for maintenance work. at an estimated value of £3,675.
In accordance with the Charity SORP these amounts are not included within the accounts but noted.
3 INCOME FROM CHARrrABLE ACTIVITIES
2024
2023
Performances
94.323
75,564
li
OPERA ANYWHERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
4 OTHER INCOME
2024
2023
Creative industry tax relief claim
4,846
5 EXPENDITURE ON CHARITABLE AcfiviTIES
2024
2023
Production expenditure
78,872
27,615
80,745
18.428
Support costs
106.487
99,173
Support costs include an amount of £l.OCK) incurred on governance costs12023 £3.9421
6 EXPENDITURE ON RAISING FUNDS
2024
2023
Advertising and marketing
4.698
1.381
Repairs and maintenance
2,381
199
7,079
1,580
12
OPERA ANYWHERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
7 TANGIBLE FIXED ASSETS
Costumes
Motor
and sets
Vehicles
Equipment
Total
Cost
At l March 2023
12,983
35.195
14.156
62,334
Additions
Tr3nsFer
At 28 February 2024
Depreciation
12.983
35,195
14.156
62,334
At l March 2023
5,474
891
27.995
1,800
6,583
757
40.052
Depreciation
Transfer
3,448
At 28 February 2024
Net book value
6,365
29.795
7,340
43,5C(I
At l March 2023
7,509
7,2C(I
7,573
22,282
At 28 February 2024
6.618
5,4
6,816
18,834
8 DEBTORS
2024
2023
Prepayments
967
967
Other debtors
3,480
113
4,447
1,080
13
OPERA ANYWHERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
9 CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Bank loans and overdrafts
3.026
3,602
Accruals and deferred income
3,114
1,000
Other creditors
3,080
6,140
7,682
10 UNRESTRICTED FUNDS
Balance at
l March
2023
Incoming
Resources
Balance at 29
February
2024
resources
expended
Unrestricted funds
1.074
115,027
1113,5661
2,535
For the year ended 28 February 2023
83lance at
Incomir
Resources
Balan at 28
February
2023
0110312022
resources
expended
Unrestricted funds
647
101,180
1100,7531
1.074
Unrestricted funds comprise income granted or donated to or earned by the charity to be used at
the discretion of the trustees to fund any activity in furtherance of the charitvs objectives.
11 REVALUATION RESERVE
The revaluation reserve of £14,60612021 £14,606) w35 created due to the gain on valuation of certain fixed assets in
2021.
This valuation remains materially correct at 29 February 2024
12 TRUSTEES
No trustee recerved remuneration for their services as a trustee during the year12023, Nill.
One trustee was reimbursed expenses of £4812023. Nill for the purchase of equipment
14
OPERA ANYWHERE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
13 TRANSAcfioNS WITH RELATED PARTIES
One trustee, Nick Planas, received fees as a performer of £3,28712023 £2,247)
In 2023. Michael and Vanessa Woodward {trusteesl loaned £3080 to the company. At l March 2023, the balance owed to
them was £3080.
At 29 February 2024 this balance was Nil
15