CONSTELLA OPERABALLET CHARITY REG. 1154859 UNAUDtrED FINANCIAL STATEMENTS AND TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2021 (knty Rry 1154859 CONSTELLA OPERABALLEr 4-11 Indop8ndent examimrfs rep￿1 12 Statement ol financial actiwtles 13 14 15-19 CONSTELLA OPERABALLET REFERENCE AND ADMINISTrATIVE DEfAILS OF CONSTELLA OPERABALLEf. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Mr Stuart Wilgm, Trustee Chair ktr Sebaslian LoveWu(*Je, Trustee Ms PatrKia Kane, Trustee (resigned 3" June 2020) Ms P￿the Kee. Tft￿ {reSign￿j 15 sept￿ 2021) Ms Veronika Kamplade Prof. Daniel LeedFWilkinson, TnJsi8e Charlty weghternd numb•r 1154859 Principal offlco Flat 2. 8a Weniworth Road Oxford OX2 7TG Senior Management Team 19 rest￿li￿. In parknef5hip with Dar￿ Abbey Day 2021 and Daty Abtw c(￿nMunIty A$s(Xxats￿. Conslella Oper3Ballet created an exciting series of short films featuring singers. dan￿rS and thoirs from Derbyshire induding Oéd2 Youth C(NTpany. Walter Evans prirnary sthool, dancer5 from Derby Universty and indrvidual Vol￿ from ac¥oss Ihe o)unty and beyond. The wider ￿jPulatiOn of Derbyshire was involved in making bunting for the prcmjuclK￿. During the live online evenc C￿ste11a OperaBallet twk viewers on a virtual joumey of enchantsng perf0rrnan￿, S￿nning tale5 through music. dance. song, theatre and design to expkxe and celebrate Darley Abbe￿S PL￿ in hist￿ and the *ider Derwent Valley Mills World Heritage Site. Chaty Re9". 1154859 CONSTELLA OPERABALLET TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2021 Achievements and PerfOrn￿nCe REVIEW OF ACTivrtlES 8 slated above, Constella thrived this accounting year by providing meaning￿1 work to its core group of artists and makiThJ a di1[eren￿ io Ihe lives of care horne residents. The company also adapled production WO￿ to make il compliant with socia5 distan¢ing rules. while managing to maintain the community participation elemenL FUNDRAISING ACTlVtnES Constella OperaBallel's Tnjstees and directoTr have invested considerable time aThJ eneryy to dr¥er5fy tts sources of in(xMne. This has been rvKarded by r2tsiThJ via a successfvl crowdfunding campaign and oblaining 2 significant grants of £14.960 in September 2020 arKJ £56.954 in August 2021 by kn Coun(il ErwJland. The o)mpany also ger￿TrIed inccrfne through ticket sales of the Christrnas Gala virtual production to the wider public. Meanvthile the ￿rnPany also received fee income for its Spin-A-Tale mJu¢tion. srRATEGIES FOR ACHIEVING AIIAS AND OWECTIVES IN THE FLMIRE The company is wothng on a number of different projects. One of Ihe fflain obj'ectives will be to seDJre the fijture of C(Mne(Aing Slars so it becomes a ttrmanenl cx)rnmunty engage1r￿t projecl with regular funding sources. In addition, the scope of Conn8c&ng Stars is being expand&d by provKling trainir¥J and perf(xrning OP[￿unitieS lo young artbsts. With live performance gradually rebjming lo nom￿1 the company also aims tr> develop new material and productions based on researd) and development that I￿k place in previc years. THE ORCHESTRAS OF AUSCHWITZ An opera-ballel production that memori81ises Ihe Jewish musicians irnpfisoned in Aus(*Milz- Birkenau who were forced to play each day a5 slave labour (x)mmandos sel off lo and retltrmed IrcKn their work. As well as music written in the camp iL%elf, elements of the score will indude an cxNJinal CoM￿s1b.0￿ in of Sir Martin GilberL renowned Hol(xxust historian. A premiere Pf(xluction of the Genesis piece of the production was very well received al the Highgate Shul London in September 2017. The production might be induded in a EK)tentr"al television documentary. focussing on Ihe current life of Hdocaust survivors. It is hoped that performances will tour acfOSS Ihe UK and abroad in the future. LONDON PORTRAITS Following the initial CAynm￿l(￿ and prerniwe of Geyerfs Sunset in GTry for the Lan(wt Jazz Festival, Constella is developing opportunilies for performance of Geyerfs full London Portraits cyde vlith the view to creaie captivaling and bite-slzed opera-ballet Vignettes to be d￿seMinated dwitally. CONSTELLA SPACE In response to the exodus of high street businesses, Constella is developing opp(xtunilies to reimagine one suth space as a unique venue for live Ferf￿ManCe and partiiipatory aclivity. Chawty Re9.. 1154859 CONSTELLA OPERABALLET TRUSTEES. REPORT FOR THE YEAR ENDED 31 IIARCH 2021 This would also provide Constella with a perrnanenl base in which to develop audiences. retr￿15e new FKfMJuciK)ns and hire cx)mmercially io supwrt charilable acbvities. Flnancial revlew GOING CONCERN Despite the limitats'ons. as a result of the impact of the Covid-19 pandemic, the crowdfunding carnpa￿n and tunding receNed frrKn Arts C(WFKiI ETvJland lor the Connecting Star5 project have enabled Constella lo continue lo operale and provide work lo many of the freelance artists Ihe cJNnpany re9ulady engages on other productions. After making appropriate ewutries. the Iruslees have a reasonable expectation that Ihe charity has adequate resour￿ to (xintsnue in operational existence for the foreseeable future. For this reason. they I￿￿nUe to adopt the goiro c4￿CeM ba￿S in preparing Ihe financial staternents. Further details ￿gardir$g the adoption of the going concem basis can be found in the Accounting Poli(ies. FINANCIAL POSITION AT THE END OF THE PERIOD ENDED 31 IAARCH 2020 Constella made 8 small surplus of £3.043 this aC￿Unting year. the cash balanc£ has benefited from the in(x)me r￿e1ved from DVWHS only being a(zounted for. to Ihe anKJunt of work already carried out and Ix)sts in￿j￿ed. The balance of £2.376 has been arxounted for as deferTed income. RESERVES POUCY The reserves shown are small, but the overheads of the charity are equally small and projects are only undertaken when funding is identified and confimied. The Trustees are o)mmitted to in(xeasirvJ reserves going forward. Between the ￿ of the finan(aal perKMJ and the tirne of signing the charity has signifi(3nty improved its financial position thanks lo the grant received from Arts Council England for its Connecting sta￿ projed. The reserves at 31" March 2021 are £2.538. compared to a deficit of £506 al 31° March 2(120. Ch•rty R¢9." 1154859 CONSTELLA OPERABALLET TRUSTEES. REPORT FOR THE YEAR ENDED 31 PAARCH 2021 Structurn. gowmance and managoment CONSTITUTION The Charity is a (*aritable iTh)Jporated organisalion pvemed ty its on 1 June 2019. It was regislered as a charity with the Charity Commission on 4th December 2013 with nun*•er 1154859. METHOD OF AppoIKfhiENT OR ELECTION OF TRUSTEES The metrths used to recruit and appoint new charity trustees is as fonc?￿. Identification for a new trustee either due lo resignats'on or the need for speraalist Based on the criteria above. trustees will consider Ihe best method to short-list suitable and diverse candidates. Short4isting and intemews take Pla￿ against agreed UTleria. Intervithys are (xnied out by a small panel of trustees. and each candidate is asked similar questions to ensu￿ a fair and obj'edive approath. Notes are kept of ea(* intefview. Chosen Candidate is given a copy of the constitution and mosl recent report to read. Candidate is invited to a trustee meeting, Whe￿bY the trustees (thck that the candidates have nol been disqualified from acting as trustees. or have a confiict of inleresL and any a(klit1(￿l questions are resolved. TTUStees a￿ aprA￿nted for a tem of three years by a resdution passed at a tKoperty convened meetsng of the charity trustees (clause 10.1 of Ihe constitution) and Irustee details are filed with the Chwities Commission. 11 should be noted that Ihe trustees do not receive any fomi of reMu￿ratiOn or pasThit from Conslella. Onty reasonable expenses. inujrred when attending meetings and W0￿shopS for Consiella, are reimbursed based on receipts. TRUSTEES. RESPONSIBIUTIES STATEMENT The Trustees are responsible for prepanng the Trustees, report and the financial statements in acojrdance wrth a￿lcable Eaw and United Kbwdorn Accounting Standards (United Kingdom Generally Accepted Accountsng Practice). The law applicable to charities in England & Wales requires the Trustees to prepare fifTran¢i81 stalemenls lor each financial year, which give a true and fair view of the slate of affai￿ of the tharity and of the incoming reS<￿TI￿ and application of resources of the dwrity for that period. In preparing these financial statements. the Trustees are required to: select suitable accounting policies and then apply them consistently- observe the melh(yJs aThl pnncaples in the Charities SORP". make judgments and accounting estimates that are reasonable and prudentr. prepare the financial statements on the going rI)n￿rn basis unless it is inappropriate to presun* that the th￿lty *ill (x)ntinue in operation. The Truslees are responsible for keeping proper accounting records that are sufficaent to show and explain the tharivs transactions and disclose with reasonable accuracy at any time the financial p)sition of the charity and enable them lo ensure that the financial stsle(r*nts cwitAy with Ihe Charities Ad 2011. the Charity {Acu)unts and Repxts) io Charity Reg.. 1151859 CONSTELLA OPERABALLET TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2021 Regula￿n$ 2iJ)8 and the provisions of the o)nstituti(m. They are also resk>)nsible for safeguarding the assets d the dwiity and hen￿ for laking ￿aSOnable sleps f{￿ the prevention and detection of fraud and other iffegularities. In line with seclion 145 of Chaiiiies Acl 2011. as the tharitYs incorne exceeded the threthld inc4Th of £25.IXM) ￿ this accounting year. the trustees have apwinted Mr Philip Mills. as irKIeF￿￿ examiner kn this a(xx)unlKvd year. This ￿port was approved by the Trustees, on .and signed on thelr behaff by: Mr Stuart Wilson Owty R•g i 154859 CONSTELLA OPÉRABALLET INDEPENDENT EXAMINER'S REPORT I rewl to the trustees my exaMtnati￿ crf Ihe of axtydarKE *ith Ihe rwwements ol the Charitss Ad 2011 ('Ihe Ad). of the Art and In carryiry out My examinabon I have follNed all the appliczble Direclions by tr* Charity Cornmissk)n urKJer Se￿￿ 1445Mbl of the A(a. Ind•￿ndent examln*r'$ statement I have ctynpleted my examination. I ￿nffirn thal no material matters have come to my attenlK)n with the examina1K￿ gmng me cause to believe that in any matenal a(3x￿n￿￿j V•ere nol kept in resred of the Charity as required by sedion 130 ol the ACL or 2. Ihe do r¥)1 accord with ItM)se re(#yds.' c 3. the accounts do nol cornply with the applicable requirements ￿nCernIng the fom and c£￿(en1 ol aux￿nts set cwt in the Charities (Acts￿nts and ReFKNts) RegulatM)ns 21x18 other than any requirement that the a(xounls give a 'trne and fair view vthich is not matter c(m￿ldered as part of an independent examination. I have no ar)d have C¢NDe a(yt)ss no other matters in cx)nne¢tion with Ihe eXarr￿at￿ lo attenti￿ shouhj be draym in Ihis reFKNt in c￿der to enable a Fwo understanding of the aco)unts lo be reached. 17 December 2021 Phllip Mills. BSclHons), ACMA IrNJetwMJenl Exarni￿r 45 The tsmes Bwrnbt¥Jham B24 8AF 12 CONSTELLA OPERABALLEr STATEMENT OF FINANCIAL ACTivmES FOR THE YEAR ENDED IAARCH 312021 Unreslrl¢lod funds 2021 Reslrfct•d funds 2021 Total Total funds 2020 2021 INCOME FROM D￿l￿¥7S and grants 2.015 22.764 24,779 2,123 7,316 9,331 7.316 32.095 4.434 557 Tolal Inc4)me 22,764 EXPENDITURE ON 6,287 6.287 22,764 22.764 29.051 5,715 5.715 TOTAL EXPENDITURE Net Expendthre before other reco3nised gains and lo&%es Net rrK)vement in funds RECONCILITATION OF FUNDS Tola funds brought (506 (1,348) TOTAL FUNDS CARRIED FORWARD 2,538 506 13 Charity Reg.. 1154859 CONSTELLA OPERABALLET BALANCE SHEEf AS AT 31 MARCH 2021 2021 2020 Note £ CuRREp￿ ASSErs Debtors Cash at bank in hand 4.913 6.877 4.913 6,871 CREDrroRS Amounts falling due in one year (2.375) (7.383) NET CURREKf AssFrsi (UABILMES) NEf ASSEfsi (LIABIUTIES) 2.538 {506) (506) CHARrrY FUNDS Unrestricted funds 2,538 (506) TOTAL FUNDSI(DEFICIT) 2.538 The financial slatements were approved by the Trustees on and signéd on their behalf, by: Mr Stuart Wilson. Trustee Dale The notes on pages 15 to 19 fonn part ol these financial slatements 14 Charity Reg.. 1154859 CONSTELLA OPERABALLET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 1. ACCOUNTING POLICIES 1.18asis of preparation of finan(aal slatements The financial statements have been prepared lo give a 'true and faiv view and have departed from the ChwTlies (ACO￿nIS and Rep￿ts} Regulations 2(M)8 only io the extent required lo provide a 'tfue and fairf view. This departure has involved followiry the Charitbes SORP IFRS 1021 rather Ihan the A￿￿ting and Rewrting by Chariti"es'. Stalemenl of Recommended Pradice effeclive frrxn 1 AF¥il 21X15whith has since been withdrawn. The finanaal statements have been p￿pared under the historical cost convention with items reccgnised al cost or transaction value unless oiherwise ststed in the relevant notes lo these a￿thnts. The financial statements have been prepared in accordan￿ with the Statement of Recommended Practice: AC￿unts.ng and ReFK¥ts'ng by Charities preparing their accounts in accordance with the Financial Reporting Standard appIl￿ble in the UK and Republic of Ireland {FRS 102) and Financial Rewrting Standard applicable in the United Kingdom and Republic of IrelaThJ (FRS 1021 and Charities Act 2011. Constella OperaBallel constrtutes a public benefit enw as defined by FRS 102. The acwunts are prepafed on a going concern basis. The tntstees have a reasonable expedalion that the charity has adequate resources io (￿ltinue in operational existence for the foreseeable fuluTe. This is on the basis that expenses are commitled lo after o)mmitted funding is in pla￿. 1.2 Income All income is recognised once the charity has enliuement to the income, it is probable that the in(x)me ￿14 be received and the amount of income re￿1vable (zn be measured reliably. Cither income is recognised in the per1￿j in whith it Is re￿Nable and to Ihe exient the g(M)ds have been provided or on completion of the service. 1.3 Expenditure Expenditure is recognised once there is a legal or constwctive obligalion lo transfer economic benefit to a third party. il is probable that a transfer of e(x)nomic benefiis will be required in settlement and the afflount of Ihe obligation can be measured reliably. Expenditure is dassified by aclivity. The costs of each activity are made up of Lhe loial of direct o)sts and shared costs. induding SUPPK)rt costs invdved in undertaknng each acts"vity. Direct costs attnbulabl8 to a single activity aro allocated diredly to that activity. Shared costs which contribute io nK)re Ihan one activity support costs which are not altribulable to a single activity are apportioned between th¢)se aclivities on a basis consistent with the use of resources. Support costs are those costs incurred directiy in support of expenditure on the objects of the d￿ritY. Chantable activibes and Govemance costs are ￿$ts incu￿ed on the (tharitys 15 Charity Reg". 1154859 CONSTELLA OPERABALLET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 operations. induding support costs and o)sts relating to the govemance of Ihe thanty app(¥￿ to thanlable adi¥1￿s. 1.4 Inleresl receivable Inlerest on fund5 held on deposit is induded when receivable and the amount can be measured reliably by the d)arity: this is normally upon Thjtification of Ihe interest paid or payable by the Bank. 1.5 Debtor5 TBJe and other debt(Ns are recognised al the setuemenl amount after any trade diswunl offered. Prepayments are valued al the amount prepaid net of any trade di$￿￿nts due. 1.6 Cash at Bank and in hand Cash at bank and in hand includes cash and Short term highly liquid investrnents with a short maturity of three months or less from the dale of acquisitbon or opening of the der*)sil or similar a(￿unt. 1.7 Liabilities arKI provisions Liabilits'es are recognised when there is an obiigatson al the Balance sheet date as a result of a past evenL it is probable that a transfer of e(x)nomic benefit ￿11 be required in settlement. and the amount of the settiement can be estimated reliably. Liabilities are recoJnised at the amount that the tharity antbcipates it will pay to settle ihe ijebl or the amount il has received as advanced paymenls for the gc(MJs or seThices it musl provide. Provisions are measured al the besl ests'male of the amounts required to settle the obligatio￿. Where Ihe effect of the time value of rnoney is material, the provision is based on the present value of Ihose amounts, diS￿)unted at the pre-tax discount rale thal reflects ihe risks Spe()￿ to Ihe liability. The unwnding of the discount is re(wnised within interest payable and similar charges. 1.8 Finan￿al instfuments The chanty only has financial assets and financial liabilities of a kind that qualfy as basic financial instruments. Basic finanaal instruments are initsally re¢(yJnised al transactK)n value and subsequently measured at their setuemenl value with the exception of bank loans which are subsequently measured al amortised cost using the effecb.ve interest methLXI. 1.9 Fund accounting General fijnds are unrestricted funds which are available for use al Ihe discretion of the Trustees in fvrtherance ol the general objectives of the charity and which have not been designaled for other puryM)ses. Charity Reg.. 1151859 CONSTELLA OPERABALLET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 I INCOME FROM DONATIONS AND LEGACIES Unreslricled funds 2021 Restricted lunds 2021 Total lunds 2021 Tolal funds 2020 INCOME FROM Cionaiions {ind. GiftAid. Beneirity) Grants 2.015 9.819 2.123 14.960 14.960 Total IncJ)me 2,015 22,764 3. INCOME FROM CHARITABLE ACTivrriES Uniestricted Restricted fijnds 2021 funds 2021 Total hjnds 2021 Total funds 2020 Income from charitable activities 7.316 7,316 4.434 7,316 Note." Income indudes Christmas Gala ticket sales £167 to twstees 4. ANALYSIS OF INCOME FROM CHARITABLE ACTivmES BY TYPE OF INCOME Total Total funds funds 2021 2020 S%￿S{￿h1p 6.224 Ticket sales 1.092 400 Note.. Fee income includes £5,008 that had been deferred from 19120. for Spin-A-Tale related pr￿JUCtIon cnsL8 incuffed in 20121. 17 Chanty Reg.. 1154859 CONSTELLA OPERABALLET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 5. COSTS Production DIRECT COSTS Outreach Total 2021 Total 2020 Perfcrnnce Fees ProduLlion Costs Maslefclasses 10,780 3,621 5,879 14,401 5,879 4.787 10.780 9,500 4.787 Note: Connecting Stars Ferformances induded in outreach, Christrnas Gala perfOrn￿n￿ fees in Prrmduclions SUPPORT COSTS Total 2021 TOL￿ 2020 Management Administration Independent Examination Fee Marketing and Business Developrnent Sundry Expenses IT and accounb'ng Insurance 1.670 4,652 1,670 4.652 760 1,485 76 743 221 8.771 743 221 8.771 29,051 928 TOTAL COSTS 6. OEBTORS Totsl 2021 Total 2020 Trade debior5 7. CREDtfoRS: Amounts falling due wlthin one year Totsl 2021 Total 2020 Accruals and deferred income 2,375 Note.. Fees received lor Spin-A-Tale in 19120 and 20r21 for production Y￿￿k not yet delivered, the company has only rec(NJnised the i0￿me lor (x)sts that have been incurred in 20121. Charity RÈ9". I IS4859 CONSTELLA OPERABALLET NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IAARCH 2021 8. STATEMENT OF FUNDS STATEMENT OF FUNDS CURREKf YEAR 8alanc8 at 31Ma Balanrffj al 31 Marth 2020 Re5tn"ded Funds 22.764 122.764) Un￿￿kn￿ Funds Gen•ral Funds 506 2,538 ReS1rK#￿ FurKls irKJTh irKJudes a ConnecbThJ Star5 grdnl fvDm Ajts C(wNJl ErylaThl of £14. JI restricied Incnme has been spent on the Connecting Slars Project. STATEmETr￿ OF FUNDS PRIOR YEAR Balance al 31 Marth 2019 Incom Balarth at 31 Man* 2020 Unr•stricted fitnds General fuThJs 5.715 9. RELATED PARTIES TRANSACTIONS The trustees received no remuneration in Ihe year12020'. £nill. No iruslees were paid expenses In the year. Donations includes a donats'on of £800 from a senior management team w*mber and £710 from the Truslees.There were no olher related party transactions. 19