||||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|
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|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|
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|||||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)|
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|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|
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|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|
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|||||||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|
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|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|
##
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|||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|