## 2021 The Music Troupe - Trustees’ Report year ended 31 March 2021 The Trustees of the Charity present their report and financial statements which have been prepared in accordance with the relevant charity regulations and best accounting practices. ## Structure, governance and management The group came into being during 2014 as a name ascribed to a team of performing singers and musicians dedicated to the art of chamber operas. It was officially recognised by the Charity Commission on 22 April 2015 according to the Constitution which had been adopted by the Trustees on 24 March 2015. The Trustees as at March 2021 were Richard Foster, Susan Holmes, Ian Caddy and Elizabeth Griffiths. Edward Lambert, reporting to the Trustees, is the officer in day-to day charge of running the group. He has attended several courses including fundraising and diversity ## Objectives and activities The Music Troupe exists for the advancement of the arts through the promotion and presentation of classical music, in particular, but not limited to, new works and small- scale opera for the benefit of the general public. To date, The Music Troupe has presented 9 new chamber operas with performances in Kintbury, Brighton, Chiswick, Camden, King’s Cross, Marylebone, Hungerford. ## Achievements In the period under review, the group mounted productions of Last Party on Earth at the Tête à Tête Festival in September 2020. During the summer of 2020 we also made a film of this opera. As we emerged out of lockdown, we were fortunate to obtain the services of several talented creatives, including film-makers and producer, sound technician, designers, directors. Performances of The Duchess of Padua in February 2021 were cancelled. ## Financial Review During the period under review, income received was £5325 mainly in the form of charitable donations, crowd-funding, etc and expenditure was £4682 mainly in respect of artists’ fees for the film. This resulted in a surplus of £643 which was added to unrestricted funds taken forward. ## Reserves policy Unrestricted funds are necessary to cover ongoing costs and to assist with the costs of future projects. ## Plans for future periods We have several pieces awaiting production. ## Public benefit The activities of The Music Troupe have benefitted the public by increasing awareness of small-scale opera and in particular new works which seek to challenge as well as to entertain. We have performed in communities not usually served by such presentations and see this as our major strength going forward. All our productions have been filmed and the videos are available online. ## Trustees’ responsibilities In preparing and approving the financial statements the Trustees are required to apply suitable accounting policies and make reasonable and prudent judgments in accordance with the law. We hereby approve the financial statements signed on behalf of the Trustees of The Music Troupe Ian Caddy (Chair) Susan Holmes Richard Foster Created 21 May 2022 **THE MUSIC TROUPE** From Date 1 April 2020 **Profit & Loss Statement** To Date 31 March 2021 **(All values reported in GBP)** ## **Turnover** |4000
General Sales
4011
Charity Donations
4012
Individual Donations
**Total Turnover**
**Less Cost of Sales**||762.18
2,413.16
2,150.00
**5,325.34**| |---|---|---| |||| |**Total Cost of Sales**
**Gross Profit**
**Less Expenses**||**0.00**
**5,325.34**| |6201
Advertising
7603
Professional Fees
7803
Premises Expenses
7901
Bank Charges
8201
Subscriptions
**Total Expenses**
**Profit Before Tax**|(221.03)
(3,971.20)
(250.00)
(69.00)
(171.00)
**(4,682.23)**
**643.11**|| ||||