2020-11-30-accounts

		Page
Report ofthe Trustees		1 to	6
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet		9 to	10
Cash Flow Statement
Notes to the Cash Flow	Statement	12
Notes to the Financial Statements		13 to	20
Detailed Statement of Financial Activities		21 to	22

						2020	2019
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes	f	E	E	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies				279,796	105,000	384,796	314,741
Charitable activities
Opera performances							259,046
Activities for generating	funds		3	825		825	53,059
Investment income			4		43	43
Other income			14	5,905		5,905
Total				286,526	105,043	391,569	626,846
EXPENDITURE ON
Raising funds				2,125		2,125	28,105
Charitable activities
Opera performances				130,684		130,684	536,605
Governance costs				10,128		10,128	10,942
Total				142,937		142,937	575,652
NET INCOME				143,589	105,043	248,632	51,194
RECONCILIATION OF FUNDS
Total funds brought forward				21,588		21,588	(29,606)
TOTAL FUNDS CARRIED	FORWARD			165,177	105,043	270,220	21,588

				2020	2019
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes	E	E	E	f
FIXEDASSETS
Tangible assets	15	2,997	27,082	30,079	14,322
CURRENT ASSETS
Debtors	16	26,658		26,658	77,440
Cash at bank and in hand		238,140	77,961	316,101	14,962
		264,798	77,961	342,759	92,402
CREDITORS
Amounts falling due within one year	17	(102,618)		(102,618)	(85,136)
NET CURRENT ASSETS		162,180	77,961	240,141	7,266
TOTAL ASSETS LESSCURRENT LIABILITIES		165,177	105,043	270,220	21,588
NET ASSETS/(LIABILITIES)		165,177	105,043	270,220	21,588
FUNDS	18
Unrestricted funds				165,177	21,588
Restricted funds				105,043
TOTAL FUNDS				270,220	21,588

				2020	2019
			Notes	E	E
Cash flows from operating	activities
Cash generated from operations				330,092	4,454
Net cash provided by operating activities				330,092	4,454
Cash flows from investing	activities
Purchase oftangible fixed	assets			(28,996)	(1,079)
Interest received				43
Net cash used in investing	activities			(28,953)	(1,079)
Change in cash and cash equivalents		in the
reporting period				301,139	3,375
Cash and cash equivalents	at the beginning
ofthe reporting period				14,962	11,587
Cash and cash equivalents	at the end	of
the reporting period				316,101	14,962

RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
				2020	2019
				f	f
Net income for the reporting			period (as per the Statement ofFinancial
Activities)				248,632	51,194
Adjustments for:
Depreciation charges				13,239	16,581
Interest received				(43)
Decrease/(increase)	in debtors			50,782	(8,959)
Increase/(decrease)	in creditors			17,482	(54,362)
Net cash provided	by operations			330,092	4,454
ANALYSIS OF CHANGES		IN NET FUNDS
			At 1.12.19	Cash flow	At 30.11.20
			f	f	f
Net cash
Cash at bank and in hand			14,962	301,139	316,101
			14,962	301,139	316,101
Total			14,962	301,139	316,101

DONATIONS AND LEGACIES	DONATIONS AND LEGACIES
			2020	2019
			f	f
Donations	and legacies		361,801	279,505
Gift Aid			22,995	35,236
			384,796	314,741
ACTIVITIES	FOR GENERATING	FUNDS
			2020	2019
			f	f
Fundraising	activities			51,730
Royalties and commission			825	1,329
			825	53,059
INVESTMENT INCOME
			2020	2019
			f	f
Deposit account interest			43

			2020	2019
			f	f
Depreciation	—owned assets		13,239	16,581
Payment to	independent	examiner	1,620	1,520
Other accountancy fees			5,308	6,422

STAFF COST	S
					2020	2019
					f	f
Wages and salaries					19,999	22,000
					19,999	22,000
The average	monthly	number	ofemployees	during the year was as follows:
					2020	2019
Management	and administration				1	1

TANGIBLE FIXED	ASS	ETS
			Improvements
			to
			property	Equipment	Totals
			E	E	E
COST
At 1st December	2019		81,551	1,079	82,630
Additions			27,082	1,914	28,996
At 30th November	2020		108,633	2,993	111,626
DEPRECIATION
At 1st December 2019			68,038	270	68,308
Charge for year			12,490	749	13,239
At 30th November	2020		80,528	1,019	81,547
NET BOOK VALUE
At 30th November	2020		28,105	1,974	30,079
At 30th November	2019		13,513	809	14,322
DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2020	2019
				E	E
Trade debtors				5,376	4,470
Other debtors				7,329	11,900
Theatre Tax Relief					60,195
Prepayments and	accrued income			13,953	875
				26,658	77,440

17.	CREDITORS:	AMOUNTS	AMOUNTS	AMOUNTS	FALLING	DUE WITHIN ONE YEAR
								2020	2019
								E	E
	Trade creditors							3,899	2,983
	Social security and other				taxes			230	239
	Trustee loans							3,424	3,424
	Accruals and		deferred	income				95,065	78,490
								102,618	85,136
18.	MOVEMENT		IN FUNDS
								Net
							At	movement	At
							1.12.19	in funds	30.11.20
							E	E	f
	Unrestricted	funds
	General fund						21,588	143,589	165,177
	Restricted funds
	New Theatre							105,043	105,043
	TOTAL FUNDS						21,588	248,632	270,220
	Net movement		in funds,		included	in the above are as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
							E	f	E
	Unrestricted	funds
	General fund						286,526	(142,937)	143,589
	Restricted funds
	New Theatre						105,043		105,043
	TOTAL FUNDS						391,569	(142,937)	248,632

				Net
			At	movement	At
			1.12.18	in funds	30.11.19
			E	f	f
Unrestricted	funds
General fund			(29,606)	51,194	21,588
TOTAL FUNDS			(29,606)	51,194	21,588
Comparative	net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			f	f	E
Unrestricted	funds
General fund			626,846	(575,652)	51,194
TOTAL FUNDS			626,846	(575,652)	51,194

			2020	2019
			f	f
INCOME AND ENDOWMENTS
Donations and legacies
Donations and legacies			361,801	279,505
Gift Aid			22,995	35,236
			384,796	314,741
Activities for generating	funds
Fundraising activities				51,730
Royalties and commission			825	1,329
			825	53,059
Investment income
Deposit account interest			43
Charitable activities
Tickets and other income		from opera
performances				198,851
Theatre Tax Relief				60,195
				259,046
Other income
Coronavirus Job Retention		grants	5,905
Total incoming resources			391,569	626,846
EXPENDITURE
Other trading activities
Fundraising trading and other costs			2,125	28,105
Charitable activities
Wages			19,999	22,000
Direct expenses ofopera		performances	1,359	433,272
Rent and service charges			36,000	36,000
insurance			1,517	1,424
Telephone			453	527
Postage and stationery			747	994
Computer costs				90
Advertising, printing and		artwork	5,066	12,142
Carried forward			65,141	506,449

			2020	2019
			f	f
Charitable activities
Brought forward			65,141	506,449
Sundry expenses			56	28
Marketing and public relations			6,792	5,504
Ticketing commission			. 6,763	3,709
Bank charges			4,091	4,334
Depreciation of improvements		to property	12,490	16,311
Depreciation ofoffice	equipment		749	270
Grants to individuals			34,602
			130,684	536,605
Support costs
Governance costs
Accountancy fees			6,928	7,942
Legal and professional	fees		3,200	3,000
			10,128	10,942
Total resources expended			142,937	575,652
Net income			248,632	51,194