2023-11-30-accounts

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

REFERENCE	AND ADMINISTRATIVE	DETAILS
Independent	Examiner
D A Sanders	BA (Honsj FCA
Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT
Bankers
Nat West Bank pic
176Fleet Road
Fleet
Hamsphire
GU51 4DE
Solicitors
Keystone Law
48 Chancery	Lane
London
WC2A 1JF
Operations	Manager
Jane Mossop

							2023	2022
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
				Notes	E	E	E	E
INCOME AND ENDOWMENTS			FROM
Donations and legacies					361,936		361,936	399,313
Charitable activities
Opera performances					450,830		450,830	418,168
Activities for generating		funds			172,499		172,499	59,265
Investment income					127		127	68
Total					985,392		985,392	876,814
EXPENDITURE ON
Raising funds					75,619		75,619	20,652
Charitable activities
Opera performances					855,857		855,857	760,163
Governance costs					12,332		12,332	12,984
Total					943,808		943,808	793,799
NET INCOME					41,584		41,584	83,015
Transfers between	funds			17	88,554	(88,554)
Net movement in funds					130,138	(88,554)	41,584	83,015
RECONCILIATION OF FUNDS
Total funds brought	forward				627	208,113	208,740	125,725
TOTAL FUNDS CARRIED		FORWARD			130,765	119,559	250,324	208,740

					2023	2022
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes	E	f	f	f
FIXEDASSETS
Tangible assets		13		119,559	119,559	92,225
CURRENT ASSETS
Debtors		14	259,840		259,840	170,243
Cash at bank and	in hand		28,516		28,516	31,363
			288,356		288,356	201,606
CREDITORS
Amounts falling due within one year		15	(157,591)		(157,591)	(85,091)
NET CURRENT ASSETS			130,765		130,765	116,515
TOTAL ASSETS LESSCURRENT LIABILITIES			130,765	119,559	250,324	208,740
NET ASSETS			130,765	119,559	250,324	208,740
FUNDS		17
Unrestricted funds					130,765	627
Restricted funds					119,559	208,113
TOTAL FUNDS					250,324	208,740

				2023	2022
			Notes	f	f
Cash flows from operating	activities
Cash generated from operations				24,837	(329)
Net cash provided by/(used	in) operating		activities	24,837	(329)
Cash flows from investing	activities
Purchase oftangible fixed	assets			(27,811)	(75,940)
Interest received				127	68
Net cash used in investing	activities			(27,684)	(75,872)
Change in cash and cash equivalents		in the
reporting period				(2,847)	(76,201)
Cash and cash equivalents	at the beginning
ofthe reporting period				31,363	107,564
Cash and cash equivalents	at the end	of
the reporting period				28,516	31,363

1.	RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING	OF NET INCOME TO NET CASH FLOW FROM OPERATING	OF NET INCOME TO NET CASH FLOW FROM OPERATING	OF NET INCOME TO NET CASH FLOW FROM OPERATING	OF NET INCOME TO NET CASH FLOW FROM OPERATING	ACTIVITIES	ACTIVITIES
								2023	2022
								f	f
	Net income for the		reporting		period (as per the Statement	of Financial
	Activities)							41,584	83,015
	Adjustments for:
	Depreciation charges							477	748
	Interest received							(127)	(68)
	Increase in debtors							(89,597)	(107,298)
	Increase in creditors							72,500	23,274
	Net cash provided		by/(used		in) operations			24,837	(329)
2.	ANALYSIS OF CHANGES			IN NET FUNDS/(DEBT)
						At 1.12.22		Cash flow	At 30.11.23
						f		f	f
	Net cash
	Cash at bank and	in	hand			31,363		(2,847)	28,516
						31,363		(2,847)	28,516
	Debt
	Debts falling due	within		1year				(100,000)	(100,000)
								(100,000)	(100,000)
	Total					31,363		(102,847)	(71,484)

DONATION	S AND LEGACIES
			2023	2022
			f	f
Donations	and legacies		323,149	368,646
Gift Aid			38,787	30,667
			361,936	399,313
ACTIVITIES	FOR GENERATING	FUNDS
			2023	2022
			E	E
Fundraising	activities		172,031	59,119
Royalties and commission			468	146
			172,499	59,265
INVESTMENT INCOME
			2023	2022
			E	E
Deposit account interest			127	68

INCOME FROM CHARITABLE	ACTIVITIES
		2023	2022
	Activity	f	f
Tickets and other income
from opera performances	Opera performances	214,514	249,476
Theatre Tax Relief	Opera performances	236,316	168,692
		450,830	418,168

RAISING FUNDS
Other trading activities
Fundraising trading	and other costs

2023	2022
f	f
75,619	20,652

						Governance
						costs
						f
Governance	costs					12,332
NET INCOME/(EXPENDITURE)
Net income/(expenditure)			is stated after charging/(crediting):
				2023		2022
				f		f
Depreciation	- owned assets				477	748
Payment to	independent		examiner	2,120		1,920
Other accountancy		fees		5,252		5,724

STAFF COSTS
							2023	2022
							E	E
Wages and salaries							24,600	22,000
							24,600	22,000
The average monthly	number		ofemployees		during the year was as	follows:
							2023	2022
Management and administration							1	1
No employees received		emoluments		in excess off60,000.
COMPARATIVES FOR	THE STATEMENT OF				FINANCIAL ACTIVITIES
						Unrestricted	Restricted	Total
						fund	fund	funds
						f	E	f
INCOME AND ENDOWMENTS			FROM
Donations and legacies						259,313	140,000	399,313
Charitable activities
Opera performances						418,168		418,168
Activities for generating		funds				59,265		59,265
Investment income						68		68
Total						736,814	140,000	876,814
EXPENDITURE ON
Raising funds						20,652		20,652
Charitable activities
Opera performances						760,163		760,163
Governance costs						12,984		12,984
Total						793,799		793,799
NET INCOME/(EXPENDITURE)						(56,985)	140,000	83,015

12.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
					Unrestricted	Restricted	Total
					fund	fund	funds
					f	f	f
	RECONCILIATION	OF FUNDS
	Total funds brought		forward		57,612	68,113	125,725
	TOTAL FUNDS CARRIED FORWARD				627	208,113	208,740
13.	TANGIBLE FIXED	ASSETS
					Improvements
					to
					property f	Equipment f	Totals f
	COST
	At 1st December	2022			173,298	2,993	176,291
	Additions				27,811		27,811
	At 30th November		2023		201,109	2,993	204,102
	DEPRECIATION
	At 1st December	2022			81,550	2,516	84,066
	Charge for year					477	477
	At 30th November		2023		81,550	2,993	84,543
	NET BOOK VALUE
	At 30th November		2023		119,559		119,559
	At 30th November		2022		91,748	477	92,225
14.	DEBTORS:AMOUNTS			FALLING DUE WITHIN ONE YEAR
						2023	2022
						f	f
	Trade debtors					9,159
	Theatre Tax Relief					236,316	168,691
	Prepayments and		accrued income			14,365	1,552
						259,840	170,243

										2023	2022
										f	f
	Other loans (see		note	16)						100,000
	Trade creditors									12,626	34,515
	Social security	and other taxes									251
	Accruals and	deferred		income						44,965	50,325
										157,591	85,091
16.	LOANS
	An analysis ofthe maturity				of loans is given below:
										2023	2022
										f	f
	Amounts falling		due within		one year on demand:
	Otherloans									100,000
17.	MOVEMENT	IN	FUNDS
									Net	Transfers
							At		movement	between	At
							1.12.22		in funds	funds	30.11.23
							f		f	f	f
	Unrestricted	funds
	General Fund							627	41,584	88,554	130,765
	Restricted funds
	New Theatre	Fund					208,113			(88,554)	119,559
	TOTAL FUNDS						208,740		41,584		250,324
	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								985,392	(943,808)	41,584
	TOTAL FUNDS								985,392	(943,808)	41,584

		2023	2022
		f	f
INCOME AND ENDOWMENTS
Donations and legacies
Donations and legacies		323,149	368,646
Gift Aid		38,787	30,667
		361,936	399,313
Activities for generating	funds
Fundraising activities		172,031	59,119
Royalties and commission		468	146
		172,499	59,265
Investment income
Deposit account interest		127	68
Charitable activities
Tickets and other income	from opera
performances		214,514	249,476
Theatre Tax Relief		236,316	168,692
		450,830	418,168
Total incoming resources		985,392	876,814
EXPENDITURE
Other trading activities
Fundraising trading and other costs		75,619	20,652
Charitable activities
Wages		24,600	22,000
Direct expenses of opera	performances	758,183	663,516
Rent and service charges		36,000	36,000
Insurance		1,469	1,894
Telephone		548	701
Postage and stationery		1,448	940
Advertising, printing and	artwork	18,356	13,595
Sundry expenses			126
Marketing and public relations		1,276	2,854
Ticketing commission		5,856	9,832
Bank charges		7,644	7,957
Carried forward		855,380	759,415

			2023	2022
			f	f
Charitable activities
Brought forward			855,380	759,415
Depreciation of office equipment			477	748
			855,857	760,163
Support costs
Governance	costs
Accountancy	fees		7,372	7,644
Legal and professional		fees	4,960	5,340
			12,332	12,984
Total resources	expended		943,808	793,799
Net income			41,584	83,015