2020-12-31-accounts - European Opera Centre

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Status		The organisation	is a charitable	company	limited by	guarantee,	registered
		England and Wales.
Trustees		The directors ofthe charitable		company	(the charity)	are its trustees for the
		purpose ofcharity law. The trustees and			officers serving during		the year
		were as follows:
		Ann Fiona Chambers
		Evgenia Chernysheva
		Suzanne Rebecca Klein			(Resigned	1 October	2020)
		Paul Christopher	Mark Solon
		Andrew Lyndsay	Balfour Thomson
Secretary		Kenneth William	Baird
Registered	Office	1 Haigh Street
		Liverpool
		Merseyside
		United Kingdom
		L3 8QB
Independent	Examiner	Richard I Coulthard
		Robert SBoys Ltd
		28-30Grange Road West
		Birkenhead
		Merseyside
		United Kingdom
		CH41 4DA
Bankers		The Royal Bank	of Scotland
		1 Dale Street
		Liverpool
		L22PP
Solicitors		Brabners LLP
		Horton House
		Exchange Flags
		Liverpool
		L2 3YL

CONTENTS		Page
Report ofthe Trustees		3-6
Report ofthe Independent Examiner
Statement of Trustees'	Responsibilities
Statement ofFinancial	Activities
Balance Sheet		10
Notes to the Financial	Statements	11-16
Income and Expenditure Account		17

					Notes	Restricted	Unrestricted	Total	Total
						Funds	Funds	Funds	Funds
						2020	2020	2020	2019
Income:
Donations and legacies					2a		11,500	11,500	18,379
income from charitable		activities:
Other income					2b	143	2,875	3,018	1,381
Investment income					2G		12	12	77
Total income						143	14,387	14,530	19,837
Expenditure
Costs ofraising funds; Commercial trading operations							1,906	1,906	5,816
Expenditure on charitable Other income			activities:			143	25,067	25,210	60,592
Total expenditure						143	26,973	27,116	66,408
Net income and net		movement		in	funds
for the year							(12,586)	(12,586)	(46,571)
Total funds brought	forward						27,231	27,231	73,802
Total funds carried		forward					14,645	14,645	27,231

LANCE S	HEET
				2020	2019
			Notes
Fixed assets
Tangible assets				21,250	21,250
Current assets
Debtors				8,775	16,641
Cash at bank	and in hand			8,744	18,259
				17,519	34,900
Liabilities
Creditors falling due within		one year	10	2,874	7,669
Net Current	Assets			14,645	27,231
Net Assets				35,895	48)481
The Funds Revaluation	of the Charity reserve			21,250	21,250
Unrestricted	income funds			14,645	27,23 1
Restricted income funds
Total Funds	Employed			35,895	48,481

						Restricted	Restricted	Unrestricted	Total	Total
2	Income:					Funds		Funds	Funds	Funds
						2020		2020	2020	2019
2a	Donations and legacies
	Donations							11,500	11,500	18,379
								11,500	11,500	18,379
2b	Income from	charitable	activities
	Core activities							375	375
	Education							2,500	2,500	754
	The Cunning Little Vixen Talks						143		143	627
	Pa)staf
	Performers and artists
							143	2,875	3,018	1,381
2c	Investment Income
	Bank Interest							12	12	77
								12	12	77
	Total Income						143	14,387	14,530	19,837
3	Expenditure					Restricted Funds		Unrestricted Funds	Total Funds	Total Funds
						2020		2020	2020	2019
	Cost ofraising funds: Administration costs Governance costs (note 5) Unrealised exchange movement Staffcosts							299 31 (194) 1,769	299 31 (194) 1,769	381 486 246 4,703
	Depreciation
	Bank interest	payable
	interest on late payment oftaxes							1 1,906	1 1,906	5,816
4	Expenditure					Restricted Funds		Unrestricted Funds	Total Funds	Total Funds
						2020		2020	2020	2019
	Expenditure Administration Staffcosts	on charitable costs		activities:		6,860 11,498		2,430 4,422	9,290 15,920	18,269 42,323
	Expenditure	met by unrestricted			funds	(18,215) 143		18,215 25,067	25,210	60,592

		2020	2019
			g
Wages and salaries Social security costs		34,566 1,255 35,821	45,000 2,026 47,026
Furlough	grants received	(18,132) 17,689	47,026
		2020	2019
		No.	No.
Average	number ofemployees

9	Debtors
		2020	2019
	Operating debtors Other debtors	7,875 900	15,741 900
		8,775	16,641
10	Creditors	2020	2019
	Operating creditors Social security and other taxes Other creditors Accruals	274 491 222 1,887 2,874	1,637 1,251 3,057 1,724 7,669

Analysis ofnet assets between fund	s
	Restricted	Unrestricted	Revaluation	Total
	Funds	Funds	Reserve	Funds
	2020	2020	2020	2020
Tangible fixed assets			21,250	21,250
Cash at bank and in hand		8,744		8,744
Other net current assets / (liabilities)		5,901		5,901
Total		14,645	21,250	35,895

Fixed assets - fixtures, fittings, oAice equipment	Fixed assets - fixtures, fittings, oAice equipment
at written down book value		Nil
Current assets		7,707
Cash at bank		76,487
Current liabilities	and accruals	(8,298)
At 31December 2016		75,896
Analysis between	funds:
Restricted funds		22,000
Unrestricted funds		53,896
		75,896

							2020	2019
							g
Income:
Donations and legacies							11,500	18,379
Other incoming resources							3,018	1,381
Investment income							12	77
Total income							14,530	19,837
Expenditure
Wages and salaries							34,566	45,000
Employer's Nl contributions							1,255	2,026
Furlough grants received							(18,132)
Rent and rates
Insurance							978	2,289
Accountancy services							250	400
Payroll administration							1,548	288
Independent examiner's	fees						1,200	1,200
Communication costs including				website			462	248
Office supplies								543
Postage and courier charges							94	144
Advertising and sponsorship							100	180
Hiring ofpremises and equipment								1,044
Music hire, purchase and		performing				rights	27	301
Recording, printing and	translation
Repairs, maintenance and		packaging						425
Governance costs including			trustees			expenses	31	486
Travel expenses							270	783
Hotel and subsistence							219	881
Donations and gills
Animateurs							4,140	4,788
Masterclass and audition		fees						1,797
Performer, artist fees and		expenses					200	2,200
Production								593
Bursaries
Legal and professional fees Bank charges							13 88	429 117
Bad debt
Interest on late payment	of taxes
(Profit) / loss on exchange								246
Total expenditure							27,116	66,408
Net income and net movement					in funds for the year		(12,586)	(46,571)