2021-12-31-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
		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 ICoulthard
		Robert SBoys Ltd
		28-30 Grange Road West
		Birkenhead
		Merseyside
		United Kingdom
		CH41 4DA
Bankers		The Royal Bank	ofScotland
		1 Dale Street
		Liverpool
		L2 2PP
Solicitors		Brabners LLP
		Horton House
		Exchange Flags
		Liverpool
		L2 3YL

CONTENTS	Page
Report ofthe Trustees	3-6
Report ofthe Independent Examiner
Statement ofTrustees' 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
					2021	2021	2021	2020
						g		g
Income: Donations and legacies				2a	27,500	5,000	32,500	11,500
Income from charitable Other income	activities:			2b	950		953	3,018
Investment income				2G				12
Total income					28,450	5,003	33,453	14,530
Expenditure
Costs ofraising funds: Commercial trading operations						1,776	1,776	1,906
Expenditure on charitable Other income		activities:			5,121	3,494	8,615	25,210
Total expenditure					5,121	5,270	10,391	27,116
Net income and net for the year	movement		in	funds	23,329	(267)	23,062	(12,586)
Total funds brought forward						14,645	14,645	27,231
Total funds carried	forward				23,329	14,378	37,707	14,645

ANCE S	HEET
			2021	2020
		Notes		f.
Fixed assets
Tangible assets			21,250	21,250
Current assets
Debtors			34,200	8,775
Cash at bank	and in hand		6,983	8,744
			41,183	17,519
Liabilities
Creditors falling due within one year Net Current Assets		10	3,476 37,707	2,874 14,645
Net Assets			58,957	35,895
The Funds Revaluation	ofthe Charity reserve		21,250	21,250
Unrestricted	income funds		14,378	14,645
Restricted income funds Total Funds Employed			23,329 58,957	35,895

				Restricted	Unrestricted	Total		Total
2	Income:			Funds	Funds	Funds		Funds
				2021	2021	2021		2020
						g
2a	Donations and legacies Donations			27,500	5,000	32,500		11,500
				27,500	5,000	32,500		11,500
2b	Income from Core activities	charitable	activities				3	375
	Education			950			950	2,500
	The Cunning Little Vixen Talks							143
	Falstaff
	Performers and artists
				950			953	3,018
2c	Investment Income
								12
	Bank Interest
								12
	Total Income			28,450	5,003	33	453	14,530
3	Expenditure			Restricted Funds	Unrestricted Funds	Total Funds		Total Funds
				2021	2021	2021		2020
								K
	Cost ofraising funds: Administration costs Governance costs (note 5) Unreaiised exchange movement Staffcosts				967 200 609		967 200 609	299 31 (194) 1,769
	Depreciation
	Bank interest	payable
	Interest on late payment oftaxes				1,776		1,776	1,906
4	Expenditure			Restricted Funds	Unrestricted Funds	Total Funds		Total Funds
				2021	2021	2021		2020
				g
	Expenditure Administration Staffcosts Expenditure	on charitable activities: costs met by unrestricted funds		1,979 3,142 5,121	457 3,037 3,494	2,436 6,179 8,615		9,290 15,920 25,210

5	Expenditure	Restricted Funds	Unrestricted Funds	Total Funds	Total Funds
		2021	2021	2021	2020
	Governance Costs Trustees expenses				31
					31
6	Employees			2021	2020
	Wages and salaries Social security costs			22,986 22,986	34,566 1,255 35,821
	Furlough grants received			~19,941 3,045	~(18,132 17,689
				2021	2020
				No.	No.
	Average number ofemployees

9	Debtors
		2021	2020
	Operating debtors Other debtors	34,200 34,200	7,875 900 8,775
10	Creditors	2021	2020
	Operating creditors Social security and other taxes Other creditors Accruals	526 75 2,875 3,476	274 491 222 1,887 2,874

Analysis ofnet assets	between funds
		Restricted	Unrestricted	Revaluation	Total
		Funds	Funds	Reserve	Funds
		2021	2021	2021	2021
					g
Tangible fixed assets Cash at bank and in hand			6,983	21,250	21,250 6,983
Other net current assets	/ (liabilities)	23,329	7,395		30,724
Total		23,329	14,378	21,250	58,957

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

		2021	2020
			g
Income:
Donations and legacies Other incoming resources Investment income		32,500 953	11,500 3,018 12
Total income		33,453	14,530
Expenditure Wages and salaries Employer's NI contributions Furlough grants received Rent and rates Insurance Accountancy services Payroll administration Independent examiner's fees Communication costs including website		22,986 (19,941) 710 2,090 250 1,788 1,200 243	34,566 1,255 (18,132) 978 250 1,548 1,200 462
Office supplies Postage and courier charges Advertising and sponsorship Hiring ofpremises and equipment Music hire, purchase and performing rights		4 49 378	94 100 27
Recording, printing and translation
Repairs, maintenance and packaging Governance costs including trustees Travel expenses Hotel and subsistence	expenses	89 207	31 270 219
Donations and gifts Animateurs			4,140
Masterclass and audition fees Performer, artist fees and expenses		60	200
Production
Bursaries
Legal and professional fees Bank charges		13 65	13 88
Bad debt Interest on late payment oftaxes (Profit) / loss on exchange Total expenditure		200 10,391	1 ~194 27,116
Net income and net movement	in funds for the year	23,062	(12,586