Trustees’ Annual Report for the period
From 1 NOVEMBER 2023 (Period start date) To 31 OCTOBER 2024 (Period end date)
Charity name: WATERPERRY OPERA FESTIVAL
Charity registration number: 1177966
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Objects as stated in the Constitution are as follows: 1.1 For the public benefit, to promote and advance the arts, by establishing and maintaining an Opera Festival for the public’s appreciation of, and engagement with, opera, music and related arts. 1.2 For the public benefit, to promote and advance education, by training young artists in the presentation of opera, music and related arts, as part of the Opera Festival referred to in 1.1 above |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
All our activities aim to deliver in line with our agreed Mission, namely to create a unique and innovative Opera Festival based at Waterperry House & Gardens in Oxfordshire. In particular, we aim to: Make our work accessible and inclusive – by developing new diverse audiences for opera, producing work in English where possible and offering affordable tickets to our audiences Create socially relevant work – by making it meaningful to today’s audiences through an exploration of contemporary social issues and timeless themes that touch the very nature of the human condition Bridge the gap between artists and audiences - by offering innovative and site- responsive work, pushing the boundaries of the operatic form, and producing talks, masterclasses and workshops to inform, encourage and inspire |
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| Support a diverse community of young artists and creatives – by offering equal opportunity for all, growing a company from a broad variety of backgrounds and developing diverse emerging talent on our Young Artist Programme Look to the long term, by creating a sustainable company that will be here to support artists and audiences for years to come and make care for the environment central to all we do |
||
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees confirm they have had regard to the Charity Commission guidance on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
| SORP reference | ||
|---|---|---|
| Policy on grant making | Para 1.38 | Waterperry Opera Company does not make any grants. |
| Policy on social investment including program related investment |
Para 1.38 | A key objective of our Mission Statement is to develop and broaden knowledge of opera for as wide an audience as possible by providing accessible opportunity to discover, experience and participate in the art form and this is at the heart of planning all future activities |
| Contribution made by volunteers |
Para 1.38 | As always, Waterperry Opera Festival could not function without the significant support it receives from volunteers, many of whom return year after year. A wide range of roles are covered by volunteers including: kitchen/catering duties for cast and crew, cleaning’ housekeeping, box office and stewarding throughout the Festival itself, the period preceding the Festival opening and various preparatory work beforehand. Total volunteer hours were recorded as 1,061; at £11.44 per hour, the total volunteer input has been valued at £12,138 as stated and included in the CC17 financial report. |
| Other | Not applicable |
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Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | The 2024 Waterperry Opera Festival took place at the Waterperry Estate from Friday, August 9, to Sunday, August 18. Building on the successes of our 2023 festival, the 2024 festival featured a rich programme staged across the diverse and historic spaces of the Waterperry Estate, delivering a uniquely immersive experience for audiences. The centrepiece of this year’s festival was Rossini’s The Barber of Seville, conducted by festival debutante Charlotte Corderoy and performed five times in front of the main Waterperry House façade. Audiences enjoyed the vibrant open-air performances on the front lawn, with many enjoying picnics in our dining pavilion. In the amphitheatre, we staged Waterperry’s production of Britten’s The Turn of the Screw, musically directed by Festival Music Director Bertie Baigent and directed by Rebecca Meltzer. The production received high praise, with enthusiastic reviews from Opera Magazine, Opera Today, The Observer, and The Spectator. Our ballroom featured Nights Not Spent Alone, a collection of Jonathan Dove’s Song Cycles, marking the first time these pieces were staged together and underscoring WOF’s commitment to contemporary work and innovative performance. Our gardens hosted the Serenades concert series, an inclusive and imaginative program of works by Mozart and Mendelssohn, designed to create a relaxed and welcoming performance environment for all. Additionally, the gardens were the setting for a revival of our family production, Peter and the Wolf, which toured to Opera Holland Park and The Lichfield Festival. To enhance accessibility for families, we provided free craft and music workshops at both Waterperry and Opera Holland Park. At Waterperry, we also offered Come & Sing workshops, inviting the public to try singing and build confidence in performance. The festival culminated in a resounding success with our Last Night at the Opera concert, inspired by the prior year’s Waterperry Prom night. Designed especially for new audiences, the concert featured popular operatic and orchestral pieces performed by four soloists, and it was a sold-out event. |
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Our Young Artist Programme returned in 2024, welcoming a new cohort of emerging singers, directors, designers, and musical directors. The programme, led by codirectors Rebecca Meltzer and Head of Music Ashley Beauchamp, provided handson professional experience, coaching, mentoring, and career guidance. Alongside their participation as the chorus in The Barber of Seville, young artists performed in a gala concert in the ballroom, presenting a selection of opera repertoire. More information and testimonials celebrating the festival’s achievements can be found on our website (http://www.waterperryoperafestival.co.uk). The festival welcomed a total of 4,500 ticket holders in 2024, with concessionary tickets offered to unwaged individuals, disabled patrons, students, and NHS staff in line with our commitment to accessibility. Feedback from audiences was overwhelmingly positive, and we are pleased to report that the festival was also a financial success, surpassing our projected surplus thanks to strong ticket sales for The Barber of Seville and successful fundraising efforts. This financial gain has been reinvested into our charity reserves, helping to recover from the previous year’s losses. In December 2023, we hosted our first full winter festival at Waterperry, which featured our Messiah by Candlelight, with three soldout performances, a new family production of The Snowman, and a festive Christmas Jazz evening. We extend our sincere gratitude to the Waterperry Estate for their support in allowing us to host the festival in this stunning setting. We are equally grateful to our team of dedicated volunteers, who contributed in numerous ways, from kitchen catering and housekeeping to box office management, stewarding, and general assistance.
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Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | There was a continuing focus throughout the year on the financial position, from the initial assessment of the proposed budget, to close tracking and review of income and expenses throughout the year. This has contributed to the small surplus delivered in the year, which is slightly in excess of that budgeted. The primary objective of Waterperry Opera Festival is to produce a high-quality, financially stable festival that aligns with our constitution’s stated 'Objects' and 'Mission Statement'. While balancing rising revenues with increased operational costs has presented financial challenges, such as the losses experienced in 2023, we exceeded our financial goals in 2024. This success is attributed to meeting ticket sales targets, implementing more robust budgetary controls, and achieving exceptional fundraising outcomes. The team gained valuable insights into managing growth effectively, and the Board is confident that the Charity remains in a sound financial position. The festival has now established a prominent place on the national opera calendar, garnering widespread positive feedback from the opera community, local institutions, audiences, and collaborators. This support further underscores the success of Waterperry Opera Festival in delivering a memorable and impactful experience for all involved. . |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | Fundraising was continuous throughout the year, and overall delivered in line with the budget. Several new approaches were used in the year. |
| Investment performance against objectives |
Para 1.41 | Not applicable: there are as yet insufficient funds to consider investment separate from the business as usual current account |
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Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Income- £620.6k, comprised: Donations/Grants - £154.9k (Including gift aid of £25.6k) Charitable Activities - £369.9k (Including TTR of £96.7k) Other Trading Activities - £24.2k In Kind Support Valuation - £69.5k Other - £2.1k Expenditure- £588.7k, comprised: Fundraising - £11.5k Charitable Activities – £ 376.3k Other Trading - £7.8k Core Support Costs – £123.6k In Kind Support Valuation - £69.5k Net Income 2023/2024- £31.9k Total Funds Carried Forward£38.6k (All unrestricted) Cash Balance– at the end of the financial year, the combined cash balance in the two bank accounts (Virgin Money and Metro) was £11.5k. Overall summary– At the end of the year the charity carried forward funds of £38.6k, an increase from the previous year’s £6.7k. . The experience of the strengthened budgetary controls on finances will be hugely beneficial in the future and will be continued into the planning for the 2025 festival. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The current policy on this (last agreed in February 2021) identifies a target Financial Reserve of £20,000. The budgets and financial plans take account of this as best possible. As part of the planning for the 25 festival, a target surplus funds target of £100,000 has been set for year end 2027, with an annual target surplus of £30,000 In line with this policy and regardless of the level of reserves/surplus funds, the trustees review the financial situation at each board meeting, and in the early months of the calendar year make a call on the viability of that year’s festival, with the option to cancel unless the financial situation, both actual and expected, is acceptable to all. |
| Amount of reserves held | Para 1.22 | The level of reserves on the Balance Sheet at the end of the Financial Year was £38.6k |
| Reasons for holding zero reserves |
Para 1.22 | Not applicable |
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| Details of fund materially in deficit |
Para 1.24 | Not applicable |
|---|---|---|
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Based on the agreed budgets for the financial year, along with regular monitoring of the current and expected outcomes, as mentioned earlier, the trustees are satisfied the charity is a going concern. |
| Additional information (optional) You may choose to include further statements |
Additional information (optional) You may choose to include further statements |
where relevant about: |
|---|---|---|
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The primary funding sources are: Donations – individual and in the form of sponsorship Ticket Sales Grants HMRC support via Gift Aid and Theatre Tax Relief (TTR) |
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | All funds are held currently in a non interest bearing current account and an interest bearing deposit account |
| A description of the principal risks facing the charity |
Para 1.46 | The principal risks to which the charity is exposed are: Low level of ticket sales, leading to reduced income Insufficient fund-raising Delivery of poor audience/customer outcomes at the Festival, which could lead to a more challenging environment for ticket sales at the following year’s festival Bad weather which causes cancellation(s) of open-air productions at the Festival (although the conditions attached to ticket sales mitigates the financial risk of a cancelled performance) |
| Other | Not applicable |
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Structure, Governance and Management
| Description of charity’s trusts: |
Not applicable | |
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution (revised in October 2018, and again in 2023) |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | The charity is constituted as a Charitable Incorporated Organisation (CIO) |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Trustees are selected via open advertisements followed by interviews. The existing trustees make the new appointments |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures adopted for the induction and training of trustees |
Para 1.51 | |
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | John Meltzer (Trustee) has declared himself to be a connected Person, being the parent of Rebecca Meltzer (Director of the Young Artist programme) |
| Other |
Reference and Administrative details
| Charity name | WATERPERRY OPERA FESTIVAL |
|---|---|
| Other name the charity uses | NONE |
| Registered charity number | 1177966 |
| Charity’s principal address | WATERPERRY OPERA FESTIVAL C/O Orchard Barn Ilmer Buckinghamshire HP27 9RA |
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Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Judith Tew | Chair | WOF Board of Trustees | ||
| John Meltzer | Trustee | As above | ||
| Howard Gatiss | Trustee | As above | ||
| Sue Wilkinson | Trustee | As above | ||
| Roger Dix | Trustee and Treasurer |
As above | ||
| Jeremy Young | Trustee and CompanySecretary |
As above | ||
| Giles Bethule | Trustee | As above | ||
| Sebastian Munden | Trustee | As above |
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Funds held as custodian trustees on behalf of others
| Description of the assets held in this capacity |
NONE |
|---|---|
| Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects |
Not applicable |
| Details of arrangements for safe custody and segregation of such assets from the charity’s own assets |
Not applicable |
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of adviser Name Address |
Type of adviser Name Address |
Type of adviser Name Address |
|---|---|---|
| TTR adviser |
Graham Suggett | Creative Tax Reliefs Ltd, Chorley New Road, Bolton, BL1 4QZ |
| Independe nt Examiner |
Tom Wilcox | Counterculture Partnership LLP, Bank Chambers, Main Street, Hawes, North Yorkshire, DL8 3QL |
Name of chief executive or names of senior staff members (Optional information)
Guy Verrall-Withers (CEO and Artistic Director)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Not applicable
Other optional information
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Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Judith Tew Position (eg Secretary, Chair Chair, etc) Date 10th February 2025
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28.3 Transac�ons with related par�es
Name of Trustee or Related Party
Relationship to Charity Description of the Transaction
Amount Balance at period end
Provision for bad debt at period end Amounts written of in reporting period
Name of Trustee or Related Party
Relationship to Charity Description of the Transaction
Amount Balance at period end Provision for bad debt at period end Amounts written of in reporting period
Name of Trustee or Related Party
Relationship to Charity
Description of the Transaction
Rebecca Meltzer
Daughter of trustee John Meltzer
Engaged as a freelance with self-employment status in the year; all terms and remuneration agree by CEO. Her role in the year was as Director of the Young Artist programme (as last year) and Director of Turn of the Screw
£5,703 (2023: £5,630)
n/a
n/a
n/a
Howard Gatiss
Trustee
Provided a loan for liquidity during the year; this was required due to the fact a material item of accrued income for the previous accounting year, namely Theatre Tax Relief from HMRC, is payable several months into the next financial year. The loan was repaid before year end; interest rate BoE base rate less 1% simple pa
Max loan at any time £5,000
No loan outstanding at year end
n/a
n/a
Judith Tew
Trustee
Provided loans for liquidity during the year; these were required due to the fact a material item of accrued income for the previous accounting year, namely Theatre Tax Relief from HMRC, is payable several months into the next financial year. The loan was repaid before year end; interest BoE base rate less 1% simple pa.
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Max loan at any time £30,000
Amount
Balance at period end No loan outstanding at year end Provision for bad debt at period end n/a Amounts written of in reporting period n/a Name of Trustee or Related Party John Meltzer Relationship to Charity Trustee Description of the Transaction Provided a loan for liquidity during the year; this was required due to the fact a material item of accrued income for the previous accounting year, namely Theatre Tax Relief from HMRC, is payable several months into the next financial year. The loan was repaid before year end; interest rate BoE base rate less 1% simple pa.
Amount Max loan at any time £17,500 Balance at period end No loan outstanding at year end Provision for bad debt at period end n/a Amounts written of in reporting period n/a
All trustee loans are approved by the Board (with those Board members providing the loans not participating in the decision) and the interest rates payable are below market rate
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CHARIIY COMMISSION FOR ENGLA ANO WALES Fe5tNa Annual a¢counls for the 1177f eriod Poritid •j 01111rdo23 31111M2024 Section A Statement of financial activities PrfoT y funds IncomiThJ roaoWc IN¢kn 31 In¢omD and •Ddoinwth frDn FOI F04 FC 119.T25 3%.¢X11 24.214 104.ffi8 224,393 .SYJ1 24.214 247,0 341.644 574 Total 138. 63).573 615.327 EyJ•ndrtur• on.. 11,9)2 11,SW2 ,351 1,786 615,339 138. Slo 7,799 .652 12,111 629.236 Total $lZ 138. gal11105885I S13 31.921 31,921 13. S14 Net incom{0XPend1tue) Extraordlnory It S15 31.921 31.921 13. S11 818 Sl9 31.921 31.921 13.9J9 Total i$b[CL¥h1atd 6.676 38,597 6,676 .597 20,585 6,676 14
Section B Balance sheet Flxèd ass•ts F01 Fro Fr Intsnglble ass•ts Tanglbl• us•ts Herltag• u•ets Inv•trtrn?nts IPlot• 1S) (Not• 141 INot• 161 INote 17) 704 704 1.682 704 Curr8nt assets S¢o¢ks (Mot• 181 Debtor¥ (Not• 191 Inw•tm•nts INot• 17.41 Cash at bank and In hand (Not• 241 Totsi •sseis èi0 87.841 87.841 95.875 11.478 99.319 11.478 99.319 18.359 114.234 Cr•ditors: arThJunts falllng du• vjllhlts on• y•ar (Not• 201 61.426 61.426 109.240 37.893 37.893 Toll sets l•ss ¢tsJYntHablllll•s a13 38.597 38,597 6.676 Cr•dllorn: anKbunts hlllng du• •ftK¢n• year (Noto 201 PYov181ons for IlablllU•8 814 Tot1 n•1 •s&ts orll•bllld• 38.597 38.597 6,676 Funds of the Charlty EndoThnt fvnds INo¢e 271 Re8trfet•d Incorm fvnd• 27) Unr•*trfd•d funds R•valua¢lon r•Mry• Bl5 38.597 38,597 6,676 Totsl fvnds 821 38,597 38,597 6.676 InJsloB5 Pn"nl Nam8 15
f rth YarEn 24 31.1024 31.10.23 l¥otes Cash flow8 from operatkng ttlYltles Cash generated from operntions (7.585) (7.785) Net cash provided by/{used in) operating activities (7.585) (7.785) Cash flowj from invuting ¢tivities Pur¢has¢ of tangibl¢ fix¢d a55¢ts Sale of tsngible red assds Interest received 704 19 Net ea8h provlded by Investthg actlvltles 704 19 Cbange In csh and esh equlvlents in the rertfig period (6.881) (7,766) Cash cajb eqwivalentS Ilt the beginning of tbe reporting period 18J59 26.125 Cash and csh equivalents *t ¢he end of the reporting period 11.478 18359 16
tatemelli f rth Y arEnd d 2024 RECONCJLIATtOlS OF INCOMFJIEXPENDITURE) TO NET CASH FIA)W FROM OPERATING AcfivITIES 31.1024 31.1023 Net incomellexpenditnrel for the repDrtillg period (as per the Statement of AetiTr'itie5) Adju5trnents for: DepcIall0 (Gain)n055 on di5P05al of fixed 855ets Interest Te1V (IDcr¢a5¢yd¢cr¢45¢ in d¢btor5 In¢r¢as¢lld¢rr¢as¢) in creditors 31.921 (13.909) 978 978 (704) 8,034 (47,8141 119) (53,0911 58256 Net txsh provided byl(Lqed in) optT*tio 175851 17,7851 ANALYSISOF CHANCL8 IN NET FUNDS At 31.11123 Clih Trlow At31.10.24 Net ¢xsh Cash in bank and in hand 18 J59 (6J8ll 11.478 18 J59 16.881) 11,478 17
Section C Notes to the accourrt5 Note l Bas1• of w•parat 1.1 Bash of accourtlrvJ uth5s otherise ststed n the rthvanl rwsl totse xcojrts. Th8 cnts have been Rewi IFRS 1021 tys1 ty 16 J X114 1021 . th8 Charis 2011. 102.. NOT AffLICABLE -rK as QPWDpiioie 12 Gng conc•rn ff thern ar•mat8rt•luncert•lnths rel•1 lo evenls ornltIOnS that casl slgnlllcanl doubl on the chwIt abllty The W•t•rpwry OP F•¥tival is con$ider lo Going NONE ¥Vh8re accnts are Trjt pr8p¥ed cffi a cNcern basis, pkne discbse fact Icg h ba515 whih trustees prepwed the 8cc(xJnts the reason why tl thY ts IIOT APPLKABLE 1.3 Change of accountiw poky Y8$" "_rK&a$ appwknt• (4 th• n•turnof th• •¢countthqpo4£r. (li? th? why•pplfvg lh8 n¥W•¢tInqPlkny pmvld•s mornrnllable and ¥11*Vant Inft+rni•iion.' NOT APPLIWLE flll) the amount of 1h•8dJustmt for•Kh Iln• 8ff•cl8dln th• ¢ynpnlpwlod. ok¢h prtorporforfpTrstynto11 and thg a#gw•t• •mount ofth•adjuStmtMIau1 top•lods lfore those prosenl•d, 3.44 FRS 102SORP. NOT APPLWLE 18
1A Chang•s to a¢¢ountkig •$tknat•s No to acc(xJnkng e51vn5 hove wtyl13.4fj FRS 102 SORP). No" ".TKk al apprDpr•ts NOT APPLICABLE (11) th••ffKtof the thaftg•on In¢om• and •Mrf$ •ndllblllllgs lorthg ¢unwlpwlod." and NOT APPLICABLE {IlQ wh•r•prnctk•bl4 th• •ll•¢t olth•¢hw•kn on••r NOT APPLICABLE 1.5 Mtrfal No rnatw4 y8¥ ermr hava bagn Alenltsj pwtsJ13.47 FRS 102 SORPI. {4 th• rtaturt oflh•prforpknd•Yor. NOT APPLICABLE Illj loreach prforp8rtodprosenthY In the •ccounl& th• amounl oflh• coffectlon for¢ K¢ountkn ttom NOT APPLICABLe (Ilo th• •mount of th•con•¢tlon •1 th• b•glnnlnq of lh• •8rt18stprtorpwlodprnMfti•dth th•aceount& NOT APPLICABLE 19
Secten C Notes to the accounts Not• 2 2.2 INCOME Yes Y¢s ¥è Vdw•••r Wp Y•8 Y•8 mitl5.10to&12 Flfr2 SLF 20
2.3 EXPENDMJRE AND LIABILrnES Lthblllty wrlljr Yes Y•$ Yo5 Yes 2A ASSETS £1.rm us• Yes rK9.&1.4. Yes SltsrÉ Yes Yes Yes 21
IJOITKJNAI TO OR tNFFERENT FROM 22
Section C Notès to the accounts (cont Nots3 Anatysis of Incom• TJl•lkndb Prk¥y••r Oonations and 1•g•¢I. [KnaTr5 and grfls Grft 94.138 25.587 25.587 21.153 General grants provwjed ty govemrnenUolhEr tharits"8S Membership sjbxrptions and spJnsor5hps are in SUbStar dOnalS 35,2(K) 35.200 31.200 tlonated goods. raditS and ser¥icss Other 69,468 69,468 95.498 Total 119.725 104668 224.393 247.026 Charltable actlvllles- Theatre Tax Relf FundraisThJ Festival Product$ Non-FestNal Ev8nts Extemal Tour Produthon$ Young Arti81 Programme 96,721 30,654 182.772 25,754 98,721 30,654 215.772 25.754 94,505 2,000 197.135 8.522 32.513 6,969 341,644 33.¢ 1.000 369,901 Total 336,001 33,900 othertrading actlvttl•s.' Catering 14,021 6.155 14.021 6.155 17,009 6.562 Festival Programrne waterrry House BeddiTh) & Towel Hi Tkkel Inujme DonatKJns and Other InrAYne 4.038 24214 4.038 24,214 3.064 26,638 Total In¢om• from inve81rnent#: Intero$t ino)me DNkI8nd ino)m8 Rental and 3ng Other 705 705 19 Total 705 705 19 S•parato matorfal Itom ol In¢om•: her Total Olhor. convers>Tr of endowm8nt fiJnd5 into Cl? Gain on dwosal ofa tangib $d asset ho for chantys own use Gain on L1tsposal ofa kwramme 10 investment RoydttK8S from th8 exph)tstbJn of telUal prortY Thjhts Olher Total TOTAL INCOME 482.005 138.568 620.573 615.327 23
IXfJ231 *?5 £159.5nJ. tllh•ro any endoMn•nt frjnd l• eon¥ert•d Into Sn¢•rn• In th• prSor %Yithln Incom• items above th• frAlowing illlmts rnlthrial: Ipl•a¥g dlxlosg th• natyr•. 9nI and •y prlor 0nts) 24
Soction C NotP5 lo thfj 4¢rounts Not• 5 Donat•d ld& f•¢llll•8 ahd I•vC TN•y VM ol Propty dIo}. F4)•b 1 1,7S) 2S,(O) 27, ikn• of Propwty trrwt•• M•WnBS}. SutrAdVdng Pryxnm•. 5 Pl•M• Nod d•kniis ofth• pollryforth• rw)ynlty¢)n tAlukn ol (li•WSk)ok wa¢¢ tr•e ofcharyaiKkciaren Law4 m1 30%01ck8t5 £10 pPetI1•Y(6u7Utrl. 0f£$2Wp pardAyl749 •JITNs¢ SPESprc(wtss.V¥ue has50¢d Iltsts S. SutAdlllw ofF••thl PFoqrnmm• Pl•aM pro¥fjd• ¢J•lalls of any unfjJMlll•J eondllon and Olhrtlhllnynd# and not r•Cryn11 Irw•. y8r5 vut•sUnd•A)DkaTriotyQf r¢iesinthJdinq Krten duiey, Sekeepng.cah1ft9, Box CITr¢, Stswatding an09vrfra$$tyn¢9.T Wmbgrof nknrhours- 1.02B @£11 p8rhwr.th8knts1 ha5b0qnLd a1£11J08 Thr Stslbe•J PIMM g1¥• d1# oftsthr lomm dloth¥ donatsd g¢d8 and n remgnlsed In the account& eg nlribubon •l¥npwd volwTht T(4rwffO•rolbxlunwhxk7- 1.1 @£11.44 £12.138 25
S8Ction C Notes to the accounts Icontl Nol¢ 6 Anaty$l• of •xp¢ndltur• Trl¥y Anal5 end11• on ral8ln fundt: IrCUr seekiry (kna11$ & Incurr1 5kIng Optrttifv4 mèmbttship sthnos SOCI lotteri&s knc¢Mn• Tot lrturr•J en Fwdrasir¥J werts 11,2 11.S02 1.706 Stsgirg fuTrkn8iTrJ Other fundr•siThJ costs FLtt1raisiThJ Ws OpEratiTVJ a trddirvJ CP uvknakirwJ charilatle ty1 xtwity Aifvertisin& marketirJ di1 m•1 pji¢llY stsrt up ¢ts in gtir¥j r sou& of futum irt£¥nè Dalaba58 d&v8Wnt costs Other tr8ding 8clivities Investrnenl ma ent Costs.. Pcrftrdlo Mement cc6t8 C£61 of obtanSrvJ inv8Stm8rt thic6 IrN8Stm8nl aYmiThstrthcm cc6ts Int1t ClS Rent cc1¢1£. reF4s ainlenarKe chayBS Tolal ditsre on rrisi funds 11.9)2 1.706 Expendi on Gharilable aLT•ilieB: Festival Managent Marketing A¢fv£rtisiry & PLAi Waterperry AccommLthtith & Fe8s Festival ProJuCty¥ Extemal PnmjtXX Ticketir#J 1XeSti¥4 E¥wt5 Ytyjng Artist PrtJtammè Core SupFx)rt C05t5 Isee 91 In Kind ValK)n (see 51 74.28 15.392 91.352 11.547 16.9 108,261 14.797 33,298 231.101 9,847 40,637 161. 40,637 1.351 9,647 31.7%) 1S9 2S359 422 7.C481 9.070 7.081 119. 123.590 10.( 105.586 95.498 910 61 S• ¥al• matsdal It•m of• oth•r Festival P 1.810 10. 1,810 10.290 11 x*8 BdI & TtrA8 Othw Non-o Totsl othqr • ndltskr• TOTAL ExPENTuRE Is 11111 829,236 1¥568 165.410 26
Co TL*MI 27
Section C Notes to the accounts Nota 9 Support Costs Please complole thls note if the chwity has analysed Its expens uslnq acllvlty cat6gorles and has support cos Thls yoar Basls cf allocation Support cost Raisi C¢x• C0515 (and trtal IDoscrlb• method Per50nnd cts - Raisir¥J Furts Persrmnd cr*ts - CN8 1C(J.577 100,577 plnIng ffx Next Yeats FestNal lrtsUrare. Storè3&. IT casts Training 6.693 AcccunlirnJ Fees Tax Athis IrthFefKb8nt Exami11( Fees Dep1811{ 978 978 Small Asset PLwchasos 341 341 BankJDirecl Det41 Fees.. Interest 2,677 16TT Gerwal Expensos 4057 Total 123.5 123.590 28
Last year Ba81s of alkatiOn ID•$¢rlb• Support cost RalJ CLY• CoJt8 Grand t(*al P8fsonnd ClS - PasiNJ Furnls Petsonnd costs . Ccfe 91.242 91.242 Insurance, Storage. IT costs Training 5,377 4377 Accounling Fees 3.307 3,307 Tax Advisory IrepeTryenl Examinati Fees 521 521 DBpr•tiation 978 Small Asset Purctrwes 12 12 Bankltxroct Debil Fees: Interest Gengral ExrseS 1.6 Total 106.586 106,586 Please pyovlde d•talls olth• accounlTng pollcy adopl•d for th• apportlonmont of ¢osts betwo¢n aclfvld•s and any ssllmadon ts¢hnlqu•s US to ¢al¢ulal• thdr apporfonm•nt 29
Section C Notes to the ac¢¢yJnts NL10 0otall• ofcertskn erns ol•xpn¢kn 10.1 FW•forvInalknn of th• •Koun¢s Ple•sePrn detayls ollh•amountp•id lorMystJtstoryethalscnrtinyolac¢ounts •ndoihorseThk•8pmvld•dbyJvtsrthd•wd•ni •x•mlnw. Mnothlng w•¥paWplo•s• (*Trl•r the aPprnprfat•boXl. Thth year Indqp•nd•nt f••B 521 Ta¥ •dvknory Iw• Oth•rf•qs Ifor •xqmph.. •l¥tr•. ¢¢Jnw#•Yy. •m)un¢mry w¥k•l pthl to th• Indqp•nd•nt •n[nar 30
Section C Notes to accounts Icontl Not•11 Pald •mployMs 11.1 &aff Costs Thl•y Last y Salarf•s and wag Soclal 8•curfty ¢ots P•n¥lon costs Id•finod contUl10n h•rn•1 Oth8r•mployo• ljen 74,352 2.r81 Th1• Plgaw provldg dgtalls of•xpwdhurn on staff Won9 forth• who8• contra¢t8 ai• wrth and ar• pald by a rnlat•d pty La Pl•wM provkl• d91a1 of•wdttuTr staff w•thlng forth• who8• contrxts ar• and ar• pad by a rnlat•d pty PloRse gfve detalls of Ihenumb8rof •mploy•85 whosv lot&0mpkny•• beneffts {exdudln9 empIoywp&kjn cost8J ftyll within ovch bdDI U0.t frnrn £60.&% IFtIMrn arn no such trnn¥•clion plNse•nter Yni¢'in lh¢ boxpmvld8d. No 8mployeo8 r•co1¥od omployeo b8nofft8 lexthdlng empkn) ptnion costsi forthe IOrtIng Fleriod of £60.rMIo Band Nurnbnr of ern Thlg Last £60 000 to £69 999 £70 000 to £79 999 o ooo to £89 999 £gJ 000 to £99 999 £11XI 000 to £109 999 Th18 prwdg thetotpl t p•id to k•y pw¥onn•l Ilnclud•s tYuste68 and 8•nOor managm•ntl forth•lrser46cts to th• hwlty. For spq¢llk p to Ilotg 11.2 A¥•rag• h•ad C1 kn th•yov ThL yw umbqr Last y• Number Tho parts of th• Charfty kn ¥thlth th• •mploytts wo T•tal 31
11.3 Ex-gratla payments to wnployws and oth•rn l•xehKllnq tnMt•MI PI•uo •xpWn th• n•¢ur• of th• p•ymwt Thls y•¥ Pl•a8• 8tat• th• l•g•l rthorfty or w•won for rn•klng th• paym•nt Thh pl•a •tat• th• OnI ol th• paym1 lor¥alu•d any wal01& ght ¢0 asfo¢1 11.4 R•dvndaney paym•nts Totsl wnount of p•yTr Th• natur• ol th• paym•nt Icalh. aM•t Th• •xlwrt of r•dUndan1undfjng atth• bknc• ¥h••t dat• Pl•• •tst• th• accounkng polkylotany mdUndancyortIN•tI0Th Pon 32
Section C Notps to the accourrts Icontl Not• 12 contrllxrtknn 8chm•. Lalt Am•ur+t •f kn th• XIFA 2231 r4•trfcl4d and unr•trfd•d lunth. 0 Plw• th814though th• hthm• SB account•d for•5 Gontritwjtion pllln. It lsa d•firb•d b•nofft pkn. FI provbd• Auch knforniatlon I• allbl• aboth th• plan's lu19 ord•ll¢tt at)d th• Impll¢•iiott$, it •my,f•tth• porti# ¢hltyfoithyw4hd l•#y•w. Ildrff•rnnt D¢rfb• th• •Ahfit to whkh th•thy b• Ilabh to th• pkn Ioroth•r•nt. obligatKsns undqrth• t•rnw •nd condrt6on• of th• multlll•mphiy•rpkn. 11 th l• dlN•r•nt for Imt >w, provld• d•tsll• Provkl• an •xpl•nflon of how •thy It*blmy artsln9 from an agw•mn•nl wtth a mum •mployw p&n to fund a d•fi bwn d•1•In•d. Ifthil fil dKknntfor provld• d•td 33
SFCtioD C Notes to the accDunts NDt• 14 Atlh• rftroy• 3.914 3.914 T1*7. yqllr 1914 8L<vIIB SLIt SL 2232 Twf•7' 1QJ I4 34
35
Section C Notes to the accounts Icont Not• 19 D•btors and prnpaynnts Pl••se conwht• thls not• Kth• eh•thh Jyd•bto orpffBp•yrnentS. 19.1 An•ly818 ol debtorn This yur La¥¢ y••r Tr¥d• d•btor¥ Prvpaym•nts and KcN•d Incor oth•r d•btors Total 45 87.796 231 87.841 95.875 192 An•ly818 Ot debtorn w•¢o¥•rabl• In than 1 y•ar lknclud•d In d•btor8 abo¥el Thls y•ar Lalt y•ar Trnde d•btors PrnpayrnBnts and xcN•d Incom• Other dgbtor¥ Tol•l 36
Section Not•s to ¢hfy xcounts lcontl 20.1 rfcr• Arn+XWrt3IalliThJth aft•r mL• th•n or year Thy•ar Lsty•r on• y••r Thkny•r Lstyr Accruah for grarts payab Ltsar¢6 arKI ov•r(ka Trad• tr•dhorn 51 77 Paym•nts r•c•lv•d onace¢thfor or p•rfOrnianc•dr•tadartS A¢¢rupl¥ •Nlthf•rr•d ¢¥ Taxatlon and soclal S•¢LY 410 109240 81A28 20.2 Deferred Incom• •ar knduded in the ACCal$ ond fetyed Ir))'figf8 are bcketsfixthe Wnler Fe5tiv31 ) b8 held in Dec8thr2024 were >)Id during thtrfinantsal r. The prortel& netol bLkntiNJ kns. istondtrt8d dekned incoft. a tr)lal arrK)untofE9.626 La¥t •ar IrK4vded In the'AuTho15 8Thd deferred incon'fioure 818 tickets brthe Winter Festival b be h910 in December 2023 were sold during Iha finantsal year. The proceeds. netofticketing feès. i$tt)n*dtrred dèfetrtd Inco. a t¢lal 8wJntof £14,573 Thls y•ar L•st y•ar Ba• atthb $tsrt olth• MwtwvJp•rfod Amounts •¢ld•d kn ¢wr•ntp•rhxl Amoun18 r•l•a$•d to Inctyn• friwn pr•¥1 p•rW• Balgr atth• •t)dolth• r•pwthw p•rb 9.626 37
5e¢llon C Notes Ioihe accounts ThfjB> Irwn allJKonN th• TfR farlh• th• ¢harW• p¢Wtknn i•mi• gnd Mndknn• of h)•n•¢Jrth•uW Oth•dykn• to m*i4• 38
SectioTh C Notes to the accounts Icontl Not• 24 Gmh Itn and in hand Th1 y••r La•t y•v Short t•mi ¢•sh Inv•stm•nts Il••• 3 w)nth¥ thtufftyd•t•l Short t•m d•po¥ll¥ ¢•h at •thd •n h*thd Olh•r Total 18.359 11.478 18. 39
Nots2T fund* Fld 131 13&S6t 40
27 Ch PE.EE 745 41
Section C Notos to ttte accounts Not• 21 Transacllons Tlth tru•tee¥ and rthled pwli 2B.1 T$t• r•rNn•rnUon and bM•nts Th1% yvar IMr¢harftyor a rglaipd •nityifvJ• or Falw) TOTAL Ihelr rql*d (Trw IE¥fAL 42
28.2 Twu¥t••J' •Ap•nM# L•bIr Subylsl•nc• TOT 28.3 TMnMdionl¥l wlth I¢•d Plb•• Th1• y•ar oun ROrAb1P J( CEO. 11 11 WA (knr•J lh5 irt**t ratè BLE Juoth T TTrJst• 43
Joth Mdtt¢r £17.9)) WA r(wxts n&¥t 1% SKrs FALSE Amt1% Nam• oftho IDAt•• 1zIEilE1S r•l•t•drtY to(r p•rknd•TrJ p•wknd•r•J rltsd Dwhof EwHged a5atoer• WA NIA inty8ar.alrrns CEO.Herrc4èm the> wwJ•DirBrtyolthe (aslastllAnd H¢yw•rd Pthidd a k>n Iyrwty dumg the ar.lS4$ reqwred dwbthe talia 13W) acoJunbngiar.naThty HMRC.pty4bkn 80 rtYJnthsinknthèneAI 11 Judith Twi Pthid4d * bAn dunng the sw.thiswas reqLwTed duebthe tad E10JK NIA inttxrl)rb)YltsU1 atLOJnln9 bw.na HmRC.iSp s•¥• rThthinb)thwrwxt ¥Jas rtyAid b•¥•t end." hrestl&* 1% 11
dith T4 Pro•d a k) whKth rornairM knai jrnd". ENJ.fknJ 11 NIA HWIC. IS ink)the neAtfmantsal)•r. Thè h)an Li atan inr hn Meitt¢r EIOM PiIA thJrfftJ the hw.thiSWOS Tax Rrkn HMRC. ispèyAbl• rrwthsinthtne ." Inr0M 1% pa. 11 hn Mg11 E17aKI £17.YX) NIA yuiend.. 5wasrequ¥ed RWWtom HWIC. il ink>tre n8xtfmwliW. 1% %nwe pa. (¢onslder•tw iob•Wwd$0lurn*rt 45
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
| Report to the trustees/ members of On accounts for the year ended Set out on pages Responsibilities and basis of report Independent examiner's statement |
WATERPERRY OPERA FESTIVAL | WATERPERRY OPERA FESTIVAL | WATERPERRY OPERA FESTIVAL |
|---|---|---|---|
| 31 October 2024 | Charity no (if any) |
1177966 | |
| Above | |||
| I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/10/2024. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Since the Charitable company’s gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I can confirm that I am qualified to undertake the examination because I am a Fellow Member of the Association of Charity Independent Examiners, which is one of the listed bodies. |
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
| Signed: Name: Relevant professional qualification(s) or body (if any): |
17thFebruary 2025 | |
|---|---|---|
| Tom Wilcox | ||
| FCIE |
46
IER
Counterculture Partnership LLP
Address:
Bank Chambers, Main Street, Hawes, North Yorkshire, DL8 3QL
Section B Disclosure
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
47
IER