## **Trustees’ Annual Report for the period** ## **From 1 NOVEMBER 2024 (Period start date) To 31 OCTOBER 2025 (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| 1 |||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 1,047; at £12.71 per
hour, the total volunteer input has been
valued at £13,307 as stated and included in
the CC17 financial report.| |Other||Not applicable| 2 ## **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|**Chair’s introduction**
2025 saw a continuation of the success,
both artistically and financially, of the
Waterperry Opera Festival. Since our first
festival in 2018, we have created many
vibrant, innovative performances and it is
immensely rewarding to see our audiences
continue to grow. The festival continues to
receive critical plaudits, from all parties –
audiences, critics, and donors.
2025 marked the final season of our Chief
Executive and Artistic Director, Guy Verrall-
Withers, one of the festival’s founders, who
moved on within the UK Opera sector. On
behalf of the Board I would like to pay
tribute to his vision, tenacity and unfailing
belief in the Festival. He leaves an Opera
Festival which is widely acknowledged to
be one of the UK’s most original and
exciting. We welcomed his successor, John
Savournin, in September 2025.
Our Festival remains committed to
supporting the next generation of opera
artists, singers, directors, designers,
conductors and musicians and to ensuring
that opera is open and accessible to all.
We are particularly proud of our ongoing
commitment to working with young artists –
our young artist scheme is widely
acclaimed.
The accounts show that we are increasing
our reserves which continues to be a key
objective in order to increase our resilience.
The accounts show a surplus as a result of
a combination of strong ticket sales, careful
planning, budgeting, expense control and
generous donors.
Our success would not have been possible
without the support and assistance from
many people – our donors, supporters, the
people who deliver our festival – our core
team, performers, technicians, and not
least our body of volunteers - without whom
none of our achievements would be
possible. I would like to pay tribute to them
all. A special thanks from me also to my
fellow trustees, who provide guidance,
oversight and support to the whole
organisation. I am also very grateful to the
School of Philosophy and Economic| 3 Science which owns the beautiful Waterperry Estate and the Estate management team. We look forward to our ninth festival in 2026 with confidence and huge enthusiasm. **Review of the year** The main summer festival took place at the Waterperry Estate from Friday 8 August to Sunday 17 August. This festival continued the successful approach of previous years, with a rich programme staged across the diverse and historic spaces of the Waterperry Estate. The centrepiece of the festival was Mozart’s _Don Giovanni,_ conducted by Charlotte Politi, in her festival debut, and directed by John Wilkie. This was performed 5 times, with the main Waterperry House acting as the stage backdrop. In the amphitheatre, we staged Handel’s _Semele_ , conducted by Festival Music Director Bertie Baigent and directed by Rebecca Meltzer. The production then transferred later in August to Opera Holland Park, where we staged a further 2 performances. In addition to these main productions, we offered a variety of other performances, to cover all manner of tastes. Our offering for children was _Winnie the Pooh’s Songbook_ , a very familiar story, which delighted audiences young and old, performed in the amphitheatre. This production was also given at venues outside and away from the main festival. The gardens hosted another in our Serenades concert series, which this year featured Mozart’s _Gran Partita_ , conducted by Bertie Baigent. In partnership with The AnneFrank-Fonds and The Anne Frank Trust UK, there were 4 performances of _A World Turned Upside Down: The Diary of Anne Frank._ To conclude the festival, we presented another of our very popular _Last Night at the Opera_ concerts _._ Alongside these productions we provided a series of workshops, to further enhance the 4 audience participation and engagement in their time with us. Our Young Artist programme continues to be very popular and successful with the participants – as evidenced by the large number of applications received to join it and the future careers of past alumni. The programme was led as previously by Rebecca Meltzer and Ashley Beauchamp. From feedback received – both informal and formal – the festival was an artistic success and also delivered ahead of its financial budget. Ticket sales for the Summer Festival were the highest since our foundation. As a small and relatively young charity (not yet 10 years old) this is where we want to be, so we can maintain and enhance our reputation and build financial reserves to provide greater resilience and provide the opportunity to invest in new activities. In December 2024 we hosted a short winter festival at the Holywell Music Room in central Oxford, which was well received. Overall, this was a very successful year for us and we have continued to provide an exciting, varied and immersive festival and experience for all which delivers to our charitable aim of promoting and advancing the arts, along with training young artists in the presentation of opera, music and related arts. 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 trustees and our team of dedicated volunteers, who contributed in numerous ways, from kitchen catering and housekeeping to box office management, stewarding, and general assistance. 5 |**Additional information (optional)**
You may choose to include further statements|**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 surplus delivered in the
year, which is 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, we
exceeded our financial goals in 2025. This
success is attributed to exceeding our ticket
sales targets, implementing more robust
budgetary controls, and achieving good
fundraising outcomes. The team gained
valuable insights into managing growth
effectively, and the Board is confident that
the Charity continues 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| 6 ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**Income**- £747.5 K
**Expenditure**- £696.5 K
**Net Income 2024/2025**- £51.0 K
**Total Funds Carried Forward**
£77.0 K (unrestricted)
£12.6 K (restricted)
**Cash Balance**– at the end of the financial
year, the combined cash balance in the two
bank accounts (Virgin Money and Metro)
was £74,523
**Overall summary**– At the end of the year
the charity carried forward funds of £89.6k
(of which £77.0k is unrestricted) an
increase from the previous year’s
unrestricted £38.6k. The ongoing budgetary
controls on finances continue to be
beneficial in the overall financial
management process.| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|A target surplus funds target of £100,000
has been set for financial 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 £89.6k
(£77.0 k unrestricted, £12.6 k restricted)| |Reasons for holding zero
reserves|Para 1.22|Not applicable| |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.| 7 |**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 mitigate the
financial risk of a cancelled
performance)| |Other||Not applicable| 8 ## **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 a variety of
methods, depending on the skills required,
including open advertisements, personal
contacts; all candidates are interviewed.
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| ||| 9 **Names of the charity trustees who manage the charity** |1
2
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 (ifany)**| |---|---|---|---|---| ||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| 10 ## **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)** |**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**|**Names and addresses of advisers (Optional information)**| |---|---|---| |**Type of**
**adviser**
**Name**
**Address**||| |TTR adviser|Graham Suggett|Creative Tax Reliefs Ltd, Chorley New Road, Bolton, BL1
4QZ| |Independent
Examiner|Tom Wilcox|Counterculture Partnership LLP, 23 St Leonards Road,
Bexhill-on-Sea, East Sussex, TN40 1HH| |||| |||| ## **Name of chief executive or names of senior staff members (Optional information)** Guy Verrall-Withers (CEO and Artistic Director) until August 2025; John Savournin (CEO and Artistic Director) from September 2025 ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details Not applicable ## **Other optional information** 11 ## **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)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||Judith Tew|| ||
Chair|| ||12/03/2026|| ||12/03/2026|| 12 ## **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 Semele £7,930 (2024: £5,703) n/a n/a n/a ## **Jeremy Young** 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. 13 Amount Max loan at any time £5,000 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 £5,000 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. 14 CHARITY COMMISSION FOR ENGLAND AND WALES F85iN81 Annual accounts for the 1177 eriod 0111112024 3111W2025 Section A Statement of financial activities Prforyojr IncomlThJ r880urce8 INrte 31 Incom• and •ndtstym*thts frohk. F04 FOS 501 117.754 103.85) 33.Th0 Z21.ei)4 479.139 46.087 224.393 a69.￿1 24.214 46.¢A7 679 679 Tolal )7 137.6x1 747.S09 8,9n 533.987 8.973 125.0 569.351 Slo Oth•r sii Tol&l $12 S71.445 12S086 6.$01 Inslllossesl $1¥ $14 $15 12,564 51,1KJB 3t,921 N•i Incomellexpendtw•l Exiraordinary items Tran8f•rs botwo8n fvr Other recognisod gainslllossul: 1ZS84 51.008 31.921 $16 S11 Sl 0*grgwnWo5¥￿1 11564 51.008 31.921 Totsl 38.597 77.041 38.597 6.676 11564 15 Section B Balance sheet lkn#rfcityJ hth•irfei)d Totol th1* Toiil la%1 Fix•d assèts Intanglblw a88wts Tanglble assets Herftago a•sots Inv•stm•nts F01 F05 INgtg 151 (Note 141 (Note 161 IN•t• 171 Tot•1 fix•d•ss•ts 704 704 Current assets Sto¢ks IN0¢• 111 Dobtors (Note 191 Inv•stn*nts (Notg 17.41 Gash at banlE and In hand (Not• 241 105.877 105.877 01.959 167.8 12. 12.564 74.523 180AOO 11.478 99.319 Cr•ditors: amounts falllng du• wlthln on• y••r (Nots 201 .795 61.426 Mgt cunwnl ass*W(Mablllll•s) 77.041 12.564 89.605 37.893 77.041 12.564 89.605 Creditorn: •mounts fallln9 du• aft•ron• INot• 201 Provl8Son8 forllab11￿0% Bl5 Total net•8sets orll*bllltl•s 816 77.041 12,564 89.605 Funds of tho Charity Endowment funds (Not• 271 Rgstrlthd funds IN0* 2TJ Unrestrfeted funds R•valu•tion B18 12.564 12.564 77,041 a19 77.041 38.$97 Tolal fiinds Bz1 77.041 89.605 38.597 tru51ee Pmt Nam8 16 iv f rth Y rEn 31.1025 31.1024 Notes CAsh flows from operating activities Cash generated from operations 62,366 (7.585) N¢t ¢ash provid¢d by/(us¢d in) op¢rating activiti¢s 62J66 (7.585) Cash flows from InvestfiDg *etSvltles E)Jrchase of tangible r￿ed assets Sale of tangible fixed assets Interest received 679 19 Net c*8h provided by investing activities 679 19 Change ID c*sb *Dd cash equivalents ID the reporting period 63,045 (7,566) Cash #lld easb equlvalents *t the IVIn￿l￿g of the reportkn8 perfiod 11.478 26,125 C*$h *ttd ¢#sb equivxlent$ *t the end of the reporting period 74.523 18.559 17 ta RECOP*CILIATtON OF NET INCOMEJ(EXPENDITUREI TO NET CASH FLOW FROM OPERATIYG ACTtvtTtES 31.1025 31.1024 F4et income11ei￿ndl1￿e) for the re￿rtIng period {as per the Statement ofTrsn•nti*l Activities) Adju5tment5 for: Depreciation {Gainlllos5 on disp0581 of fixed 85sets Int¢T¢sI rereiv¢d {In¢i¢a5¢yd¢¢r¢a5¢ in d¢btOT5 In¢reasellde¢rease) in crediiors 51.008 31.921 704 978 (6791 {18,0351 29368 (704) 8,034 {47.814) et rash provided byl(used operatio 62J66 (7.585) ANALYSIS OF CHANGFS IN NET FUNDS At31.1024 Casb Flo At 31.1025 Net ¢x$h Cash in bank and in hand 11.478 63.045 74.523 Total 11,478 63,045 74,523 18 Section C Notes to th8 accwnts Note l B•sls of w•par•t# Th1• $•¢tlon should b• ¢omplthrf by•W¢h•lU•s. 1.1 Basis of accountirvJ unkss Othe￿i%e stsled n the rth*t ￿le(sI to these The accr*Jnts have tttn cl Ir8bTrJ IFRS 1021 eff￿1￿8 1 J￿uary 2019 ' 8rKI 1tr21 ' arxl Ch*ths Act 2011. 102." IIOT APpL￿ABLE -Tk* as app(DprHle 12 Gokng ¢onc•rn If Ih•n* •n* mat*l￿V￿C￿ta￿￿o$ Ml•ted to •¥wts ortondlllofts tr￿$ ca*tsbnlllcafti dotsbl oft Ihe •blllty Th• wat9￿Y Opwa F•stW h ￿n*bd9r￿ to b• a Goln9 Conc•m and th•rt no IAat*ial Unc¢￿1￿t*￿ Co￿k18￿ Ihatthe ch8rty ts 8 ¢c*￿M. NONE accTrJnts are Th)t F*epar*J C￿ a WJ CO￿￿M basis. disck)st Ihts factttw*tt wth the basis the trustees prepwed C￿jnts the reascffi why tha clwty * rK 1.3 Change of accounVrwJ pc4lcy '.Tw*8s approprote No. Ple•se dlsclos•.' {4 th• oflh• ch*w•th accounllng palty. NOT APPLICABLE {14 th• +¥•soAs why•ppfylftg th• *J•w•£countth#polky NOT APPLICABLE {114 th••mouAI olth• adJusbMntfor•Kh Iln• alf•ttsdh the cuffenlperfod. each prt0rpwlodpresent￿￿nd lh• aqqrngate arnountof th• adJustfft•ntTrlatln9 topwlods b¢forn thos•prns•nt¢d. 144 FRS 102$0RP. NOT APPLICABLE 19 1A Chanp8 to aCC￿*￿Il￿a 08tirnat•8 No eharw to accoun￿ estinat8s h*e ￿c￿r￿j kn th& FwbJ13.46 FRS 102 9)RPI. '.rK*as appwriDts {4 th• n•￿rn of*nych*n NOT APPLIGABLE {11) th• •ff•rt OF th•C￿n#t lfte0n￿*nd •xp•w or NOT APPLICABLE Illlj whw•prn¢lkebl4 th••ffecl of the ¢h•ng• In on•or fytyTrpwiod& NOT APPLICABLE 1.5 Matorlal prforyewo No matwd yÈar Èrr(x hav¢ (3.47 FRS 102 SORPI. ..T￿￿•S apprnprmts (11 th• n•tuTr of Ih•prforpwiodiMrnr. NOT APPLICABLE 8fl8¢t8d.' NOT APPLICABLE (114 th• •mount ofth• eon¥ctkn •tth•béglnnthB olth• NOT APPLICABLE 20 see￿an C Notes to the accounts eont Not0 2 2.2 INCOME Y85 FRS 1CQ 5Q¥IPwFF15 I¢JZ rt1&10to&12 FF151fQ SW Yas Yes W4 Y85 Yg5 dql Yes Yg p¥# Yes Wa Y9¥ 21 ** mrt1&10*5.12 FR51CQSLW)v￿1￿l￿hthJ4B 2.3 EXPENOtruRE AND LIABILtnES Ye5 Ye5 2A ASSETS byth￿ty Yes Yes Yes rth9.6.1.4. Ye5 Y¥ Yes slockn work ITr Y¢$ Yes Yes 22 POLICI￿ADOPTED *JjUTION￿ TO OR DIFFERENT FROII 23 Section C Notes to the accounts Icontl Note 3 Anatysis of income Totalfwth Pthry••r Donatlons and legacle5: Ch)Thatk￿S aThJ gifts Grft Leg¥thes General 9raTrts [￿0￿￿e￿ by 9o¥ernmenVolher tharthes M8mb8r5hip 5ubscripth?ns and SP￿s￿5h1PS are in substance donatw)n5 Donated goor15. faclibe5 and ser¥Kes Other 88.858 28.896 94,138 25,587 28,896 46,500 35,200 57.350 Total 117.754 103.850 221.604 224.393 Charttablg adiviti•¥: Theatre Tax R8hBf TKket In￿rne Fees Fundraising FestNal ProdurJ*)n8 Non-FestNal Events Extemal Tour Pr(xJu¢th)ns Young th8t Pr(vJramm8 98.301 4.163 23.761 240,591 12,860 64.283 1,410 445.369 98,301 4.163 23.761 270,561 12,860 64.283 5,210 479.139 96,721 30.654 215,772 25,754 29.970 3,800 33,770 1,000 369.901 Total Othertradlng acti¥iti•s- Catering 29.303 8.547 Festival Pro9ramme Waterperry House Bedding & To*EI HYe T￿ke1 Incorne Cknnations and Othef Incom8 .547 6.155 8.237 46,087 8,237 46,087 4,038 24,214 Tot•1 Incorno from In¥•$tm•nts'. Inter8sI ino)m8 DivNJend income Rentsl and ieawg incKJme Olher 679 679 705 Total 679 679 705 Separat material item of incom•- Other 1.360 Total 1,360 oth•r. conver￿On of endo*inent lund5 into inc¢)me Gain on Llisposal of a tsngIb￿ fixe*ar Us• of Propwty No•• I UA• of Prowty iP4rfomiAne• V•nuM).IIotrt 2 of Propqvty hlq¢b"np}.lth)t•4 sUt￿•d11￿ng of F4411¥d Pwranm•. 5 T(4• Pl•AM pro¥ld• d•tsii• ollh• x¢ounl I￿ Iorlh r•cvgnilon ¥￿Ul160￿ of 0￿￿5￿0kp￿￿￿•fr0V l1.LondL￿.kn m•knthoutyra th￿l￿￿d@.Whith Ig saièsiYp¢ioi¢m Val￿ isdiffetyn* b¢t•eè in •mo￿ni￿Orn an Inu•ax8 Inknfvomth8 pmbidEr.anda ￿5￿t￿(theM￿r￿8tV￿l ofthp benefi(b￿EdonVJnEnlwDp0sed thawB* d￿•￿￿￿ Ofuopwpor4￿ pwd*yI687 (700L*ill&l SPEsworwl•ts.Va￿￿ha$b8ln •eOmatthl riorinil IIDt• 5.sul￿dYOng olFwlfvd ProBThnm• Pleaw pro￿d* d•tsll• of any unfrJlnll•d ¢ondlfj(wK oth•r and not r¢cognlsed In¢om¢. VdUn*sufyJthkn)kavarfetyofttAèsi￿lU0ry Vdunws ur￿￿￿kaWa￿0ty¢lrts￿slr￿l￿4ITrQ Pl&i•¢ gl¥• d•lalli ol+Jth•r oloth•r donat•d gooth not r*tsJ4nl*•d th4 4CUiunty 49 Comrfbudon 01 ￿bunt•1r￿ Totsl nUthrofw￿un*orl￿r&- 1.047 Q£12.T1 asfA¥xnco Totsl nUnknrDf￿lun￿grhourS- 1th1 @£11.44 Pèrhour,knèitstsl v￿Un*rb has bogn valL*d a1£12.138.ThlsflgJre indud•6 lrnspgntby ￿1￿•￿S¥￿ hbr•th• Festival £13J07.Th1sfi9Ut¢ indL*•SbWWlbyKrth•n Styff b•tygth• F•StivalW••krry•iry wlsin 26 Section C Notes to the accounts Icontl lot• 6 Anatysls of •xp•ndliur• Th1*> knaly*l• ndlttJr• on T￿81￿ nd¥: IncurrBd sgekirvj (kYwli(xts & gr*its lrturr8d Seekity IwJ8¢ies fund* Totsiiurtd* •m•ful￿ Totsifvnd* sc¢i* It)ttwes I￿u1r8d cfi F￿j￿Si￿j everts 8.973 49n sta9r#J r￿jra¥1￿j events OtherfurKtrwsiTrJ ccéts FLtslra5ir¥J wts Op*atirvJ chty slxy Th￿4￿8ntaNtr irddirKJ AdvertisiTrJ. mwkelry thrxt m•1 *¥J wNicty Start up ccéis In n styjrce el future irtc*ne Database ¢Jevdcynent cckqls Oth¥trathry ¥tivities Investment m Portfc4b mar0j8m*￿ cc618 Cost of in¥e51m¥* Inve8tmert th)1ni8tr8tic￿ cc6ts Intdl¥tual prtyety I￿￿1r￿d Rent ¢dI￿t￿. wcwty rews ndlbjrn on ra8ln Js 11.502 Expqndllur• on Ch￿l￿bI• Festival M￿￿ment Math￿1￿, Advtrtisir*J & Pull￿rtY water￿ry AccMimc#JalhM & Fe8S Festival Prr¥JLKtw Extern￿ PrryknotKXLS Ticketi N￿-F&￿tIVa Event8 Yourmj Artist Prcgramme Cwe Sutvyt Cost$1sg9 kn 91 In Kir￿ SupFKXt Valuati￿15￿ Sl Totsl txp1rtd￿r* on charoiab 120,6&fj 17.410 125.741 17,410 74.(>28 15.392 40.637 161.365 159 40,637 19).877 39.131 42.XX) 39.131 7.244 7,208 123.590 10.1KK) 126.9ty 119. 12&056 S arat• malwlal Itom of Total Festival P Cat8ri Wat Other PhloTrO Total other e TOTAL EXPENDMJRE 4.330 21,583 21.583 $8 Beddi tst5 nditur¢ & T¢yA*Is a485 511.445 7.799 124056 .501 13B.568 27 T. IT Costs Training 7.393 AccountiNJ Fees 1746 2.746 Tax Athisryy IndepeThJgnt Examinali{￿ Fges 816 816 Oepreciation 703 703 Stsff Recruitm￿1 1.135 BankID1￿cl Da￿t Fe8s.' Interest 2.553 General Expenses 3.138 3.138 Total 126.W2 124902 29 Last year Basls of al￿atIon Support cost RalBI furKkn Cor• Costs (¥and total ID•s¢rib• Perscmnel costs - RaisiThJ FLThJs Pers￿ne1 CCk%ts - Ctye 1￿.57T 100.STI PlannirYJ for Next Ye8¢s Festiv Insurance, Slow. IT ￿lS aThJ Trainir 6.699 ACc￿ntIng Fe8S 1643 Tax Advisc Independent Exarninalic￿ Fees Depreciation 978 978 Small Asset Pwcha5es 341 341 BankID1￿ct Detrit Fees., Interest 2.677 Gener81 Expwses 4057 Totsl 123.$92 123.592 Please provlde detalls of the accounong poll¢yadopt8d for Ihe appordonmgnt olcosts betW8•n actlvltles and any osllmadon tKhnlqu•s us¢d ¢0 ¢al¢ulats ththlr apptsrfonm•nt 30 Section C Not8$ to the accourts Not• 10 Dotaf* of cortakn11•ffis of •xp•ThJ*w• 10.1 Fe88 for•x*nlnatlon of acwjnts Pl•As•pffjvld• d•i•lts ollh• **ountpSYlor*ys&•tulOryL¥t•m4¥¢nrtlnyof x¢ounts t¢rll'ln th¢wrnprfat• box(u). Th￿Y•¥ L•Jt y••r Ind•pqndqnt •K•nln•ffi fw 816 AMuranc• oth•rth*n audlt •r Ind•pththt •A*nln*tlon 31 Section C Notes Its tho a¢¢tsurrts co Not• 11 Pald •mplry• 11.1 *•ff C•st• Thls y•¥ La%t y Salwiu and wag0¥ So¢lal *gGurlty cost• n#ion costs Idefined tyJntr*ution •th•m•l oth•r emplo￿ be￿￿ts 74.352 2,160 2,231 eu• prgvld• d•twls ol •wnditur¥ on ¥tsff worklng fwth• who8• contracts ar• with and ar• W bya rel*•d p*ty P￿TAppucA￿LE Pl•&￿ pro¥ldè dotdli ol•Xpnd￿rn on #taff WO￿A0 fafth• ¢h*lty whoso contracts aro whh and aro pdd by* rolat•d pwty )T*pPUC￿LE Pl￿￿• glvo d•talls orth• numborofffmpknrns whose total•mpIo>wl￿•ftts (VXGludlry ernplo*wpvn¥k¥n costJJ ftyll wlthln lrnjn upw•rf* su¢h tw¥4dlon* pl•w Ihg No tmpk+y•es rtctiv•d tmploy•t bènefits Itxduding empknyw n¥lon ¢98tsl forth• r8portbn9 perfod of rnvrnth￿ £60,000 IKIT *PPLIC Bwbd Nurnbwofwn Th1$ £60 ODO to £69 999 £70 fy)0 to £79 999 £80 WO to £89 999 £90 WO to £99 999 £100 OQD to É11J51999 Thls 1Igas• provld• th• totsl amount pald to k•y rnana9gm•n¢ pwwnn•l Ilnclud•& tru8t1•8 and wnlor manay*n•ntl lorthelr••r¥lcts to the thwlty. Forsp•dfic ￿QU￿￿ pakl ¢0 M• Not• 2& 32 11.2 Avwage heMI Munt in the Thhy Nurnbor Last year Number Th• p*t* of th• ¢harlty In whl¢h th• empl¢)ye•& wo Total 11.3 Ex*ratla paym*rt% to •mpltsy••*and oth•r% l•xdudkng tfutsl*•*l Pl••s• compl•t•M•n •x-orn￿•pamtt￿tlSM•d Pl•as• •xplaln th• natur• of th• paym•nt Th18 yoor Pl•a8e Stat• th• f•gal tArthorlty or r••aon for Ma￿Tr9 the Pl•ax s141• th• wnount of th• pwi•nt lor¥4lu• of w•i¥•rof rfght to an aM•ti 11.4 Redundancy payments Tot•1 amount of paym•nt Th• natur• of th• Payrn￿t lea•h, etc.) Th55 Th• gxi•nt of rndundancy fvndlng •t th• bthc• sh••t d Pl•asa stal• th• x¢ountlng polky for •y Y•dund￿¢y ortwrnln•tknn paym•nts 33 Section C Notes to tho accounts Icontl N(kn12 cortslxrtlon sch•m•. contrlth ￿mIOnS¢￿•m• or d•lk*d b•n•ft8ch•m• accwtsdfor*s a d•fln•d Lxt Amount of GontrlbutlDn• rnroynlmd In th•8OFA •Apqn 2.1&J 2.rJ1 drf••d ¢ontr1butltyn xh•m• b•tw••n •¢U¥lth• b•iw•• rèBtrict•d and unrnstriGted funds. ct are th cue exrmses, hence aro ch¥ged there aL%o Pl•#• ¢onlkm th•t 4lhough th• %h•rn• accounted foraB a dellned corblr pIAn. dqfin4d b4n4fft Wan. Pl•aM provld• quch tnfonnknn as15 avallabh about th• pl•n'* surplus ordqficlt Ind th• knplkaii•n$. M *y. loith• rèporting charityforthl¥yw4￿d IHIyov, 11 dwlerent D￿￿bOth+ •xhntto whkh th• ¢h**y can b• fjabl• to thq plan tor oth•rqntbllB%' cond6tlon• of th• muttb•mphywplan. Ir th1¥ l¥ forl•* yw, dDtailB PID￿d* an •xplanation of how Ilabluty arlslng IrrAn an 4r4•m￿t wmh * *nploy•rpl•n to fund a d￿kIl h*¥ d•t4mbln4d. ￿th￿ l* dthr•nt forlaBtyw. P￿￿d• d•lall• 34 Soction C Notqs to the accounts Nol• 14 Tangfjbh lfjx•d To 1914 3,914 AthSU( Al 914 SLryFS SL At 1210 1210 Al￿￿￿th•Y 1914 I&J Nlt book¥￿u* t L￿k Va￿ a 14A Imp*wmi 1&5 35 14$ 1)th•r￿￿0￿r• 36 Section C Notes to the accounts leonti Not• 19 D•btors and prèpaymw Y••s9 conwl•¢• thh not• IFth• ¢h•rfty •ny¢l•btw orprnp8yn￿ts. 19.1 Anatyslts of d•btorn Th1• y•ar Last year Trad• debtors Prepaym&t)t8 and accrned Incom• oth•rd•btora 85 105.792 45 87.796 To¢•1 10S.877 87.841 19.2 AnatysS¥ of d•btorn ￿0¥￿￿￿1# In th•n 1 y•ar Ilnclud•d kn d•b¢or4 abgvel Thls y•ar Last y•ar Trade dobto PrnpayThnts ind iccrued Incon• Othvrdobto Total 37 S8¢tion C Not85 to the accounts Icontl 20.1 ofcredtorn Amourts f•lllng thJ• aft•r mLY• than yezr Th1& y••r L48t y•ar onE year Thll y••r L**ty•*r Loan6 aThl ¢J¥orthaft* Trad• ¢r•dIt￿l 10 51 porfornianc04•tat•d grants Accru•l• and d•lerr•d h%•m• 35 27 Taxatkn atwJ8Lxkg1 Mcurlty 514 90.79S T(*al 8IA26 Note". IhofyLtMs shown for6•ch of whkh hwe Ih•trown ac¢ounlhwtrMtsn•n¢ •ar Induded in the Accruals and deferr8d inwf*' figure are ti(*gtsk>rlhe Wnler Festiwdl to be held In Dec8mber2024 w•re sold during the financial year. Thè proc*èds. ntioftiLknting f888. 18 c¢n*dered d8f8rr8d In￿rr*. a b)tal arnuntof£9.626 duded in the'Acwals and deferred ino)n*'figure are kets k)rthe Wfinter Festival h8ld in Dactsmb6r2025 ¥ihith were sdd during the finantsal ytar. Tho proctÉd$, n8toftid¢8tin9 fees. 18 conwdered deferred k)lal arr￿n10f£a.8?3. addibon,a restric*d graniof £10.000 was rec8i%*d durir the period has b86n deferred t• tre 2025r26 per1￿j asthe 9enerdl in￿rne ret09fi￿on Cond￿On8 ha%* Mt tb••n m•t TN8 yoar La$tyoar Balanc• atth• •tsrt olth r•pwtknll p•rknl add•d In p•rh)d Amounts to knwn• prevlm p•rkrtl• Balanc• attha •ThJLrfth• r•pNur4pOr￿d 9.626 18,823 9,626 38 Section ¢ Notes to ltre accounts l¢onll th•¢hwiWi po¥It￿n af pwtonn•Trr4. tor•umpbp.th• tornw and Mndmon• olloans*wth•u•o olJ*dgSng wm• 212 Mlh•¢h•t¥ h•b prob*d •bf4t•u ol I￿￿Y*￿ Ibet•rrn• w¢J ¢oDWonstyi*•dto l• pkndg••bw 39 Section C Note5 to the accounts leonti Nots 24 Cash at bank and In hand Th1$ y•ar Last y•ar Short tsmi Cash In¥e8tmènts I1•￿ than 3 mDnth8 matuiity dat•l Short torrn dgpo$tts Cash at bank and an hand Other Total 74.523 11.478 74.523 11.478 40 Piotpsto Jicounts Ilot•27 FuNd Fund 13A 41 Not•27 tund T￿￿E￿ 42 Sethon C Notss lo the accounts Ironll Nol• 2B Ihe chaltyhasar￿transaCi￿x￿hr•l•t•￿￿O•S (oth•rtrAnth• trusth?•xpww•x*kndknwAt•nc• Mt•sJ d•t•ls of5￿h Ih•lr ora rrrw LY Fakn•} TrUE TOTAL L•yl l•g¢Yd•r. ft•ll•x NOT ApPL￿ABLE NOT APnKABLE NOT APnKABLE Lasty¢4r TRIIE R•Ounow lknthdkn9 •of TOTAL N4m• oltriiii•• NOT APPLKABLE 43 NotrwIM•x￿nk4$￿Y• b••n1￿￿T•dryn￿wFaIl•) True TNb y••r Tr•v•l sL￿￿ter￿0 *p•eKyl'. •xp•Mu NOT APpL￿ABLE NOT APPL￿ABLE 2&3 Transadon(sl wlth Th1• FALSE N•m•rfth• I￿￿t•0 ¢1 r•iTt•dpJrty Prty¥bSknfw￿ddjtsts •t rknd ￿9bP￿M9￿r Dsughbrgf trustse John Mdtter £7930 NIA In the￿ar, all wrrtsand r•rnurher44on a9￿ Dy CEO. Harr￿@ inthq youThJArtistpro￿1r1llQ las l151￿ar)•Tro thry(*r olserfg JarèryYoun9 Provi￿ a loantrliquHIity duriwthe ￿r.￿l$waS required WA NIA aLtthq t￿t Inancial)*at.The k) Wa$repa￿ be*re b*ar end'.inlJreslra* BOE bxo £S.C WA NIA 11 F*LLSE rn•olth•trult•• ar r*￿t*d pArty wrKt•n loc￿rkY p•rlOd•￿j pvrknd Rebett4 Mefq Daughtèiof ETh2aged asateelarK• E5.703 WA NIA few￿nera￿0ThAgroe by CEO.Horrolfrin th• wasasDirBtholknB y{￿n9 ArtsirKtyrammè la5 lastyearland Direc*x oITum o1kngS(XBW TNS PNded a knrlv4wdity dunng th• yoar.thiswas Ir8d dupbth8fxta m&*rial i*mofact¥L*d £5.1￿) EO WA NIA ¢JxyJntyng>wr, nanwty Th￿tr8 Tax Rdielkn HMRC.IS ptyable sebw nthSin￿￿e ne firhancial wr.Th• wasr8paid y8ar ènd".ln*ts￿rd* BOE b 1%9ffyle p 11 JudthTwLV Tru PThid8d k)ansknIHiu￿ty durirtg the)*4r.thesèwÉ re9j1￿ duebthe facia ma*rial i*mofac£mJed É30.( EO 11 NIA NIA Th￿tre Tax Rdielkn HMRC.is payats￿ sew thsinbtsngxt finanaal ￿&r.The W&$repa￿ bekne e￿.. InlBresiBoE baseol &5 1% P John Melt￿r Prowd¢d a knan SJrlv4Lthy durirykne ￿•r.￿lS r8quI￿d duebthe facta nia*rtBI i*rnOfacts￿O inr4)mÈ*yihe yewous acujunlng y￿.na￿ty E17X*J NIA MRC.Ispayat4e se%* nthsinkntsngxt finatiti￿ fftr. Thè loan ¥Jas mpaid beth year end". Lw• raiè 1% pa 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**|WATERPERRY OPERA FESTIVAL|WATERPERRY OPERA FESTIVAL|WATERPERRY OPERA FESTIVAL| |---|---|---|---| ||||| ||31 October 2025|**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 31/10/2025. **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** 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. **Independent** Since the Charitable company’s gross income exceeded £250,000, your **examiner's statement** 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):**||12/03/2026| |---|---|---| |||| ||Tom Wilcox|| |||| ||FCIE|| **IER** 46 Counterculture Partnership LLP **Address:** 23 St Leonards Road, Bexhill-on Sea, East Sussex TN40 1HH ## **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** . **IER** 47