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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|7|
|Independent<br>Examiner's|Report||||
|Statement of Financial Activities|||||
|Balance Sheet||10|to|11|
|Cash Flow Statement|||12||
|Notes to the Cash Flow|Statement||13||
|Notes to the Financial Statements||14|to|21|
|Detailed Statement of Financial Activities||22|to|23|





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|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|REFERENCE AND ADMINISTRATIVE|DETAILS|
|---|---|---|---|
|Independent||Examiner||
|D A Sanders|BA (Hons) FCA|||
|Sheen Stickland||||
|Chartered<br>Accountants||||
|2 Oriel Court||||
|Omega Park||||
|Alton||||
|Hampshire||||
|GU34 2YT||||
|Bankers||||
|Nat West Bank pic||||
|176Fleet Road||||
|Fleet||||
|Hamsphire||||
|6U51 4DE||||
|Solicitors||||
|Keystone<br>Law||||
|Suite 4, Hyde||Park Residence||
|55 Park Lane||||
|London||||
|W1K 1NA||||






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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|fund|funds|funds|
|||||Notes|E|f|E|E|
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations<br>and legacies|||||259,313|140,000|399,313|189,525|
|Charitable<br>activities|||||||||
|Opera performances|||||418,168||418,168|260,067|
|Activities for generating||funds||3|59,265||59,265|30,175|
|Investment<br>income||||4|68||68|7|
|Other income||||||||2,775|
|Total|||||736,814|140,000|876,814|482,549|
|EXPENDITURE ON|||||||||
|Raising funds||||6|20,652||20,652|8,684|
|Charitable<br>activities|||||||||
|Opera performances|||||760,163||760,163|570,978|
|Governance<br>costs|||||12,984||12,984|10,452|
|Other||||||||36,930|
|Tota I|||||793,799||793,799|627,044|
|NET INCOME/(EXPENDITURE)|||||(56,985)|140,000|83,015|(144,495)|
|RECONCILIATION<br>OF FUNDS|||||||||
|Total funds brought|forward||||57,612|68,113|125,725|270,220|
|TOTAL FUNDS CARRIED||FORWARD|||627|208,113|208,740|125,725|





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||||||2022|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|E|E|E|E|
|FIXED ASSETS|||||||
|Tangible assets|||1,501|90,724|92,225|17,033|
|CURRENT ASSETS|||||||
|Debtors||14|170,243||170,243|62,945|
|Cash at bank and|in hand||(86,026)|117,389|31,363|107,564|
||||84,217|117,389|201,606|170,509|
|CREDITORS|||||||
|Amounts<br>falling due within one year||15|(85,091)||(85,091)|(61,817)|
|NET CURRENT ASSETS|||(874)|117,389|116,515|108,692|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||627|208,113|208,740|125,725|
|NET ASSETS|||627|208,113|208,740|125,725|
|FUNDS||16|||||
|Unrestricted<br>funds|||||627|57,612|
|Restricted funds|||||208,113|68,113|
|TOTALFUNDS|||||208,740|125,725|





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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|6|6|
|Cash flows from|operating|activities|||||
|Cash generated|from operations||||(329)|(182,889)|
|Net cash used<br>in|operating|activities|||(329)|(182,889)|
|Cash flows from|investing|activities|||||
|Purchase oftangible fixed||assets|||(75,940)|(25,655)|
|Interest received|||||68|7|
|Net cash used<br>in|investing|activities|||(75,872)|(25,648)|
|Change<br>in cash and cash equivalents|||in the||||
|reporting<br>period|||||(76,201)|(208,537)|
|Cash and cash equivalents||at the beginning|||||
|ofthe reporting|period||||107,564|316,101|
|Cash and cash equivalents||at the end|of||||
|the reporting<br>period|||||31,363|107,564|





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|RECONCILIATION<br>OF NET INCOME/(EXPENDITURE)|RECONCILIATION<br>OF NET INCOME/(EXPENDITURE)|RECONCILIATION<br>OF NET INCOME/(EXPENDITURE)|RECONCILIATION<br>OF NET INCOME/(EXPENDITURE)|TO NET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6|f|
|Net income/(expenditure)||for the reporting|period|(as per the|||
|Statement of Financial Activities)|||||83,015|(144,495)|
|Adjustments<br>for:|||||||
|Depreciation<br>charges|||||748|1,771|
|Loss on disposal of fixed|assets|||||36,930|
|Interest received|||||(68)|(7)|
|Increase<br>in debtors|||||(107,298)|(36,287)|
|Increase/(decrease)in<br>creditors|||||23,274|(40,801)|
|Net cash used in operations|||||(329)|(182,889)|
|ANALYSIS OF CHANGES|IN|NET FUNDS|||||
|||||At 1.12.21|Cash flow|At 30.11.22|
|||||E|E|6|
|Net cash|||||||
|Cash at bank and in hand||||107,564|(76,201)|31,363|
|||||107,564|(76,201)|31,363|
|Total||||107,564|(76,201)|31,363|





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||||||||
|---|---|---|---|---|---|---|
|2.|DONATIONS||AND LEGACIES||||
||||||2022|2021|
||||||E|E|
||Donations|and legacies|||368,646|169,827|
||Gift Aid||||30,667|19,698|
||||||399,313|189,525|
|3.|ACTIVITIES||FOR GENERATING|FUNDS|||
||||||2022|2021|
||||||E|E|
||Fundraising<br>activities<br>Royalties and commission||||59,119<br>146|29,800<br>375|
||||||59,265|30,175|
|4.|INVESTMENT INCOME||||||
||||||2022|2021|
||||||E|E|
||Deposit account interest||||68|7|



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|||||2022|2021|
|---|---|---|---|---|---|
||||Activity|E|E|
|Tickets and|other income|||||
|from opera|performances||Opera performances|249,476|200,142|
|Theatre Tax|Relief||Opera performances|168,692|59,925|
|||||418,168|260,067|
|RAISING FUNDS||||||
|Other trading activities||||||
|||||2022|2021|
|||||E|E|
|Fundraising|trading|and other costs||20,652|8,684|



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|||Governance|
|---|---|---|
|||costs|
|||E|
|Governance|costs|12,984|



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|||||2022|2021|
|---|---|---|---|---|---|
|||||E|E|
|Depreciation|—owned assets|||748|1,771|
|Deficit on disposal||offixed assets|||36,930|
|Payment to|independent||examiner|1,920|1,720|
|Other accountancy||fees||5,724|4,976|





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|STAFF COSTS|||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||E|E|
|Wages and salaries|||||||22,000|21,000|
||||||||22,000|21,000|
|The average<br>monthly|number||ofemployees||during the year was as|fellows:|||
||||||||2022|2021|
|Management<br>and administration|||||||1|1|
|No employees<br>received||emoluments||in excess ofE60,000.|||||
|COMPARATIVES<br>FOR|THE STATEMENT OF||||FINANCIAL ACTIVITIES||||
|||||||Unrestricted|Restricted|Total|
|||||||fund|fund|funds|
|||||||E|E|E|
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations<br>and legacies||||||189,525||189,525|
|Charitable<br>activities|||||||||
|Opera performances||||||260,067||260,067|
|Activities for generating||funds||||30,175||30,175|
|Investment<br>income||||||7||7|
|Other income||||||2,775||2,775|
|Total||||||482,549||482,549|
|EXPENDITURE ON|||||||||
|Raising funds||||||8,684||8,684|
|Charitable<br>activities|||||||||
|Opera performances||||||570,978||570,978|
|Governance<br>costs||||||10,452||10,452|
|Other|||||||36,930|36,930|
|Total||||||590,114|36,930|627,044|
||||||Page 17|||continued.<br>..|





## 

|12.|COMPARATIVES|F|OR THE STATEMENT OF FINAN|CIAL ACTIVITIES -continued|||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|
|||||fund|fund|funds|
|||||6|E|E|
||NET INCOME/(EXPENDITURE)|||(107,565)|(36,930)|(144,495)|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought||forward|165,177|105,043|270,220|
||TOTAL FUNDS CARRIED FORWARD|||57,612|68,113|125,725|
|13.|TANGIBLE FIXED ASSETS||||||
|||||Improvements|||
|||||to|||
|||||property|Equipment|Totals|
|||||E|E|E|
||COST||||||
||At 1st December 2021|||97,358|2,993|100,351|
||Additions|||75,940||75,940|
||At 30th November||2022|173,298|2,993|176,291|
||DEPRECIATION||||||
||At 1st December 2021|||81,550|1,768|83,318|
||Charge for year||||748|748|
||At 30th November||2022|81,550|2,516|84,066|
||NET BOOK VALUE||||||
||At 30th November||2022|91,748|477|92,225|
||At 30th November||2021|15,808|1,225|17,033|





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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|14.|DEBTORS:AMOUNTS||||FALLING DUE WITHIN ONE YEAR||||||
||||||||||2022|2021|
||||||||||E|E|
||Trade debtors|||||||||1,188|
||Other debtors|||||||||1,023|
||Theatre Tax|Relief|||||||168,691|59,925|
||Prepayments||and accrued income||||||1,552|809|
||||||||||170,243|62,945|
|15.|CREDITORS:|AMOUNTS||||FALLING|DUE WITHIN ONE YEAR||||
||||||||||2022|2021|
||||||||||E|E|
||Trade creditors||||||||34,515|12,386|
||Social security||and other|||taxes|||251|564|
||Accruals and|deferred|||income||||50,325|48,867|
||||||||||85,091|61,817|
|16.|MOVEMENT|IN||FUNDS|||||||
||||||||||Net||
|||||||||At|movement|At|
|||||||||1.12.21|in funds|30.11.22|
|||||||||E|E|E|
||Unrestricted|funds|||||||||
||General<br>fund|||||||57,612|(56,985)|627|
||Restricted funds||||||||||
||New Theatre|||||||68,113|140,000|208,113|
||TOTAL FUNDS|||||||125,725|83,015|208,740|
||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|||||||736,814|(793,799)|(56,985)|
||Restricted<br>funds||||||||||
||New Theatre|||||||140,000||140,000|
||TOTAL FUNDS|||||||876,814|(793,799)|83,015|





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||||||Net||
|---|---|---|---|---|---|---|
|||||At|movement|At|
|||||1.12.20|in funds|30.11.21|
|||||f|E|E|
|Unrestricted|funds||||||
|General fund||||165,177|(107,565)|57,612|
|Restricted funds|||||||
|New Theatre||||105,043|(36,930)|68,113|
|TOTALFUNDS||||270,220|(144,495)|125,725|
|Comparative|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)|
|TOTALFUNDS||||482,549|(627,044)|(144,495)|



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||||2022|2021|
|---|---|---|---|---|
||||f|f|
|INCOME AND ENDOWMENTS|||||
|Donations and legacies|||||
|Donations<br>and legacies|||368,646|169,827|
|Gift Aid|||30,667|19,698|
||||399,313|189,525|
|Activities for generating|funds||||
|Fundraising<br>activities|||59,119|29,800|
|Royalties and commission|||146|375|
||||59,265|30,175|
|Investment<br>income|||||
|Deposit account interest|||68||
|Charitable<br>activities|||||
|Tickets and other income||from opera|||
|performances|||249,476|200,142|
|Theatre Tax Relief|||168,692|59,925|
||||418,168|260,067|
|Otherincome|||||
|Coronavirus<br>lob Retention||grants||2,775|
|Total incoming<br>resources|||876,814|482,549|
|EXPENDITURE|||||
|Other trading activities|||||
|Fundraising<br>trading<br>and other costs|||20,652|8,684|
|Charitable<br>activities|||||
|Wages|||22,000|21,000|
|Direct expenses ofopera||performances|663,516|484,455|
|Rent and service charges|||36,000|36,000|
|Insurance|||1,894|1,491|
|Telephone|||701|641|
|Postage and stationery|||940|822|
|Advertising,<br>printing<br>and||artwork|13,595|12,703|
|Sundry expenses|||126||
|Carried forward|||738,772|557,112|





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||||2022|2021|
|---|---|---|---|---|
||||E|f|
|Charitable<br>activities|||||
|Brought forward|||738,772|557,112|
|Marketing<br>and public relations|||2,854|463|
|Ticketing commission|||9,832|6,319|
|Bank charges|||7,957|5,313|
|Depreciation<br>of improvements||to property||1,022|
|Depreciation<br>ofoffice equipment|||748|749|
||||760,163|570,978|
|Other|||||
|Loss on sale of tangible|fixed assets|||36,930|
|Support costs|||||
|Governance<br>costs|||||
|Accountancy<br>fees|||7,644|6,696|
|Legal and professional|fees||5,340|3,756|
||||12,984|10,452|
|Total resources expended|||793,799|627,044|
|Net income/(expenditure)|||83,015|(144,495)|