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|---|---|---|---|---|
|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 tothe Financial Statements||13|to|21|
|Detailed Statement of Financial Activities||22|to|23|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|f|f|f|E|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||189,525||189,525|384,796|
|Charitable
activities||||||||
|Opera performances||||260,067||260,067||
|Activities for generating|funds||3|30,175||30,175|825|
|Investment
income|||4|7||7|43|
|Other income|||14|2,775||2,775|5,905|
|Total||||482,549||482,549|391,569|
|EXPENDITURE ON||||||||
|Raising funds||||8,684||8,684|2,125|
|Charitable
activities||||||||
|Opera performances||||570,978||570,978|130,684|
|Governance
costs||||10,452||10,452|10,128|
|Other|||||36,930|36,930||
|Total||||590,114|36,930|627,044|142,937|
|NET INCOME/(EXPENDITURE)||||(107,565)|(36,930)|(144,495)|248,632|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought forward||||165,177|105,043|270,220|21,588|
|TOTAL FUNDS CARRIED|FORWARD|||57,612|68,113|125,725|270,220|
##
|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|f|f|f|f|
|FIXEDASSETS||||||
|Tangible assets|15|203|16,830|17,033|30,079|
|CURRENT ASSETS||||||
|Debtors|16|62,945||62,945|26,658|
|Cash at bank and in hand||44,281|63,283|107,564|316,101|
|||107,226|63,283|170,509|342,759|
|CREDITORS||||||
|Amounts
falling due within one year|17|(49,817)|(12,000)|(61,817)|(102,618)|
|NET CURRENT ASSETS||57,409|51,283|108,692|240,141|
|TOTAL ASSETS LESS CURRENT LIABILITIES||57,612|68,113|125,725|270,220|
|NET ASSETS||57,612|68,113|125,725|270,220|
|FUNDS|18|||||
|Unrestricted
funds||||57,612|165,177|
|Restricted funds||||68,113|105,043|
|TOTAL FUNDS||||125,725|270,220|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|E|E|
|Cash flows from operating|activities||||||
|Cash generated
from operations|||||(182,889)|330,092|
|Net cash (used in)/provided|by operating||activities||(182,889)|330,092|
|Cash flows from investing|activities||||||
|Purchase oftangible fixed|assets||||(25,655)|(28,996)|
|Interest received|||||7|43|
|Net cash used
in investing|activities||||(25,648)|(28,953)|
|Change
in cash and cash equivalents||in the|||||
|reporting
period|||||(208,537)|301,139|
|Cash and cash equivalents|at the beginning|||of|||
|the reporting
period|||||316,101|14,962|
|Cash and cash equivalents|at the end|ofthe|||||
|reporting
period|||||107,564|316,101|
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|RECONCILIATION
OF NET (EXPENDITURE)/INCOME|RECONCILIATION
OF NET (EXPENDITURE)/INCOME|RECONCILIATION
OF NET (EXPENDITURE)/INCOME|TO NET CASH FLOW FROM OPERATING ACTIVITIES||
|---|---|---|---|---|
||||2021|2020|
||||E|f|
|Net (expenditure)/income|for the reporting|period|(as per the Statement of||
|Financial Activities)|||(144,495)|248,632|
|Adjustments
for:|||||
|Depreciation
charges|||1,771|13,239|
|Loss on disposal offixed assets|||36,930||
|Interest received|||(7)|(43)|
|(Increase)/decrease
in debtors|||(36,287)|50,782|
|(Decrease)/increase
in creditors|||(40,801)|17,482|
|Net cash (used in)/provided|by operations||(182,889)|330,092|
|ANALYSIS OF CHANGES IN|NET FUNDS||||
||At 1.12.20|Cash flow|At 30.11.21|
|---|---|---|---|
||E|E|E|
|Net cash||||
|Cash at bank and in hand|316,101|(208,537)|107,564|
||316,101|(208,537)|107,564|
|Total|316,101|(208,537)|107,564|
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|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES||||
|---|---|---|---|---|
||||2021|2020|
||||f|f|
|Donations|and legacies||169,827|361,801|
|Gift Aid|||19,698|22,995|
||||189,525|384,796|
|ACTIVITIES|FOR GENERATING|FUNDS|||
||||2021|2020|
||||f|f|
|Fundraising|activities||29,800||
|Royalties and commission|||375|825|
||||30,175|825|
|INVESTMENT INCOME|||||
||||2021|2020|
||||f|f|
|Deposit account interest||||43|
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|||||2021|2020|
|---|---|---|---|---|---|
|||||f|f|
|Depreciation|—owned assets|||1,771|13,239|
|Deficit on disposal||offixed assets||36,930||
|Payment to|independent||examiner|1,720|1,620|
|Other accountancy||fees||4,976|5,308|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||f|f|
|Wages and salaries|||||21,000|19,999|
||||||21,000|19,999|
|The average|monthly|number|of employees|during the year was as follows:|||
||||||2021|2020|
|Management|and administration||||1|1|
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|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES||||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
||||E|E|E|
|INCOME AND ENDOWMENTS||FROM||||
|Donations
and legacies|||279,796|105,000|384,796|
|Activities for generating|funds||825||825|
|Investment
income||||43|43|
|Other income|||5,905||5,905|
|Total|||286,526|105,043|391,569|
|EXPENDITURE ON||||||
|Raising funds|||2,125||2,125|
|Charitable
activities||||||
|Opera performances|||130,684||130,684|
|Governance
costs|||10,128||10,128|
|Total|||142,937||142,937|
|NET INCOME|||143,589|105,043|248,632|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought forward|||21,588||21,588|
|TOTAL FUNDS CARRIED|FORWARD||165,177|105,043|270,220|
|OTHER INCOME||||||
##
|15.|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS||||
|---|---|---|---|---|---|---|
|||||Improvements|||
|||||to|||
|||||property|Equipment|Totals|
|||||E|E|E|
||COST||||||
||At 1st December 2020|||108,633|2,993|111,626|
||Additions|||25,655||25,655|
||Disposals|||(36,930)||(36,930)|
||At 30th November|2021||97,358|2,993|100,351|
||DEPRECIATION||||||
||At 1st December 2020|||80,528|1,019|81,547|
||Charge for year|||1,022|749|1,771|
||At 30th November|2021||81,550|1,768|83,318|
||NET BOOK VALUE||||||
||At 30th November|2021||15,808|1,225|17,033|
||At 30th November|2020||28,105|1,974|30,079|
|16.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||2021|2020|
||||||f|E|
||Trade debtors||||1,188|5,376|
||Other debtors||||1,023|7,329|
||Theatre Tax Relief||||59,925||
||Prepayments
and|accrued income|||809|13,953|
||||||62,945|26,658|
##
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|17.|CREDITORS:|AMOUNTS|AMOUNTS|AMOUNTS|FALLING|DUE WITHIN ONE YEAR||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
|||||||||E|E|
||Trade creditors|||||||12,386|3,899|
||Social security and other||||taxes|||564|230|
||Trustee loans||||||||3,424|
||Accruals and|deferred||income||||48,867|95,065|
|||||||||61,817|102,618|
|18.|MOVEMENT|IN|FUNDS|||||||
|||||||||Net||
||||||||At|movement|At|
||||||||1.12.20|in funds|30.11.21|
||||||||E|E|f|
||Unrestricted|funds||||||||
||General fund||||||165,177|(107,565)|57,612|
||Restricted funds|||||||||
||New Theatre||||||105,043|(36,930)|68,113|
||TOTAL FUNDS||||||270,220|(144,495)|125,725|
||Net movement||in funds,||included|in the above are as follows:||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
||||||||E|E|E|
||Unrestricted|funds||||||||
||General
fund||||||482,549|(590,114)|(107,565)|
||Restricted funds|||||||||
||New Theatre|||||||(36,930)|(36,930)|
||TOTAL FUNDS||||||482,549|(627,044)|(144,495)|
##
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||||||Net||
|---|---|---|---|---|---|---|
|||||At|movement|At|
|||||1.12.19|in funds|30.11.20|
|||||f|f|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|
|Comparative|net movement|in funds, included|in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||f|f|f|
|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|
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||||2021|2020|
|---|---|---|---|---|
||||f|f|
|INCOME AND ENDOWMENTS|||||
|Donations
and legacies|||||
|Donations
and legacies|||169,827|361,801|
|Gift Aid|||19,698|22,995|
||||189,525|384,796|
|Activities for generating|funds||||
|Fundraising
activities|||29,800||
|Royalties and commission|||375|825|
||||30,175|825|
|Investment
income|||||
|Deposit account interest||||43|
|Charitable
activities|||||
|Tickets and other income||from opera performances|200,142||
|Theatre Tax Relief|||59,925||
||||260,067||
|Other income|||||
|Coronavirus
Job Retention||grants|2,775|5,905|
|Total incoming resources|||482,549|391,569|
|EXPENDITURE|||||
|Other trading activities|||||
|Fundraising
trading
and other costs|||8,684|2,125|
|Charitable
activities|||||
|Wages|||21,000|19,999|
|Direct expenses ofopera||performances|484,455|1,359|
|Rent and service charges|||36,000|36,000|
|Insurance|||1,491|1,517|
|Telephone|||641|453|
|Postage and stationery|||822|747|
|Advertising,
printing
and||artwork|12,703|5,066|
|Carried forward|||557,112|65,141|
##
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||||2021|2020|
|---|---|---|---|---|
||||E|f|
|Charitable
activities|||||
|Brought forward|||557,112|65,141|
|Sundry expenses||||56|
|Marketing
and public relations|||463|6,792|
|Ticketing commission|||6,319|6,763|
|Bank charges|||5,313|4,091|
|Depreciation
of improvements||to property|1,022|12,490|
|Depreciation
ofoffice equipment|||749|749|
|Grants to individuals||||34,602|
||||570,978|130,684|
|Other|||||
|Loss on sale oftangible|fixed assets||36,930||
|Support costs|||||
|Governance
costs|||||
|Accountancy
fees|||6,696|6,928|
|Legal and professional|fees||3,756|3,200|
||||10,452|10,128|
|Total resources expended|||627,044|142,937|
|Net (expenditure)/income|||(144,495)|248,632|