2022-04-05-accounts

			Operasonie Cyf
			Contents
Trustees'	Report			1 to 8
Independent Examiner's		Report
Statement	ofFinancial	Activities		10
Balance	Sheet
Notes to	the Financial	Statements		12to 19

The trustees	and officers serving	during	thc year and since thc year cnd	thc year and since thc year cnd	were as follows:
Triistccs:			R C Hutchings
			C Daccy
			SMahabir
			ENcrwick
			C Turner (appointed	22 January	2022)
			JN Voyle (appointed	27 April 2022)
			C R Williams
Chief Executive Officer:			R C Hutchings
Secretary:			R C Hutchings

			and Lo	sses)
				Unrestricted	Restricted	Total
				funds	funds	2022
			Note	f	f.
Income and Endowments		from:
Donations and legacies			3	39,177	65,917	105,094
Total income				39,177	65,917	105,094
Expenditure on:
Charitable activities				(25,194)	(78,624)	(103,818)
Total expenditure				(25,194)	(78,624)	(103,818)
Net income/(expenditure)				13,983	(12,707)	1,276
Transfers between	funds			10,800	(10,800)
Net movement in funds				24,783	(23,507)	1,276
Reconciliation offunds
Total funds brought	forward			5,289	44,942	50,231
Total funds carried	forward		15	30,072	21,435	51,507
				Unrestricted	Restricted	Total
				funds	funds	2021
			Note	f
Income and Endowments		from:
Donations and legacies				11,742	59,211	70,953
Total income				11,742	59,211	70,953
Expenditure on:
Charitable activities				(10,412)	(15,805)	(26,217)
Total expenditure				(10,412)	(15,805)	(26,217)
Net income				1,330	43,406	44,736
Transfers between	funds			1,104	(1,104)
Net movement in funds				2,434	42,302	44,736
Reconciliation of	funds
Total funds brought	forward			2,855	2,640	5,495
Total funds carried	forward		15	5,289	44,942	50,231

				2022	2021
			Note
Fixed assets
Tangible assets				364	486
Current assets
Debtors			12	9,738	4,148
Cash at bank	and in hand		13	42,695	46,697
				52,433	50,845
Creditors: Amounts		falling due within one year	14	(1,290)	(1,100)
Net current	assets			51,143	49,745
Net assets				51,507	50,231
Funds ofthe	charity:
Restricted income funds
Restricted funds				21,435	44,942
Unrestricted	income	funds
Unrestricted	funds			30,072	5,289
Total funds			15	51,507	50,231

				Unrestricted
				funds	Restricted	Total	Total
				General	funds	2022	2021
				f
Donations	and legacies;
Donations		from	individuals	5,051		5,051
Grants, including			capital grants;
Grants	from other charities			34,126	65,917	100,043	70,953
				39,177	65,917	105,094	70,953

				Unrestricted
				funds	Restricted	Total	Total
				General	funds	2022	2021
			Note
Direct project costs					78,502	78,502	22,596
Staffcosts				13,680		13,680
Allocated	support
costs				5,268		5,268	2,197
Governance		costs		6,246		6,246	1,366
				25,194	78,502	103,696	26,159

Support costs allocated to raising	Support costs allocated to raising	Support costs allocated to raising	Support costs allocated to raising	Support costs allocated to raising	Support costs allocated to raising	Support costs allocated to raising	funds
										Administration	Total	Total
										costs	2022	2021
							Basis	ofallocation		f		f
Costs ofgenerating			donations			and
legacies							A			5,268	5,268	2,	197
Basis ofallocation
Reference				Method		ofallocation
A				100%of		expenditure		incurred	in relation to support activities
Governance		costs
										Unrestricted
										funds	Total	Total
										General g	2022	2021f
Independent	examiner			fees
Examination		of	the	financial		statements				1,446	1,446	1,366
Professional	fees									4,800	4,800
										6,246	6,246	1,366
6 Net incoming/outgoing					resources
Net incoming		resources for the year					include:
											2022	2021
											f	f
Operating leases -			other assets								1,808
Depreciation		offixed		assets							121		58

1 1 Tangible fixed asset	s
		Furniture	and
		equipment f		Total
Cost
At 6 April 2021			1,065	1,065
At 5 April 2022			1,065	1,065
Depreciation
At 6 April 2021			579	579
Charge for the year			122	122
At 5 April 2022			701	701
Net book value
At 5 April 2022			364	364
At 5 April 2021			486	486
12 Debtors
		2022		2021
Trade debtors		9,305		3,669
Prepayments		433		479
		9,738		4,148
13 Cash and cash equivalents
		2022		2021
Cash at bank		42,695		46,697
14 Creditors: amounts	falling due within one year
		2022f		2021
Accruals		1,290		1,100

15 Funds
			Balance at 6		Incoming			Resources					Balance at 5
				April 2021 f	resources f			expended f	Transfers f				April 2022 f
Unrestricted funds
General				5,289		39,177		(25,194)			10,800			30,072
Restricted funds				44,942		65,917		(78,624)		(10,800)				21,435
Total funds				50,231		105,094		(103,818)						51,507
			Balance at 6		Incoming			Resources					Balance at 5
				April 2020	resources f			expended f		Transfers f			April 2021 f
Unrestricted funds
General				2,855		11,742		(10,412)			1,104			5,289
Restricted funds				2,640		59,211		(16,909)						44,942
Total funds				5,495		70,953		(27,321)			1,104			50,231
Thc specific purposes		for which thc funds arc to			be applied are		as follows:
Singing projects	- there are still some costs associated					with Winter		Sonic Singalongs		and Canu		Casnewydd that
were yet to bc paid at		year	cnd. Funding for this		project came from			Newport Council		and	Riverfront		Theatre.
Opera Creators (Associates - this				project was funded		by Arts Council Wales, Moondance Foundation,								Newport
Council as part of Winter			of Wellbcing. There		will	be further	work with the		Operasonic Associates					in 2022,
offering training,	and	songwriting		sessions.
Lullaby projects	were	commissioned by Arts Active				to take place		across Cardiff.		The	project	is	due	to cnd in
April 2022 and the surplus			will support the final		costs	ofthis project.
16 Analysis ofnet assets			between	funds
						Unrestricted						Total funds at
							funds		Restricted				5	April
						General f			fundsf					2022f
Tangible fixed assets											364			364
Current assets								31,362		21,071				52,433
Current liabilities								(1,290)						(1,290)
Total nct assets								30,072		21,435				51,507