.Y-_
I roses
opera
Rose Opera
A Charitable Incorporated
Organisation (cio)
Report and Financial Statements
5T
YEAR ENDING 31 OF DECEMBER 2023
Charity Number1179516
www.roseopera.co.uk


## **Rose Opera** 

## **Contents of the report and financial statements For the year ended 31 December 2023** 

|Trustees and administrative details|-|-|-|-|-|-|3|
|---|---|---|---|---|---|---|---|
|Report of the Trustees||-|-|-|-|-|5|
|Statement of financial activities|-|-|-|-|-|-|15|
|Balance sheet<br>-<br>-|-|-|-|-|-|-|16|
|Notes to the financial statements||-|-|-|-|-|17|



## **Trustees** 

Rose Opera’s Trustees: 

Andrew Evans (Chairman) – Resigned in summer 2023 Tamara Ravenhill (Treasurer and Artistic Director) Alethea Tabor (Chorus Master) – Resigned in summer 2023 Paul Ravenhill (Director) – newly appointed Chairman 

## **Reference and Administrative Details** 

Charity Number: 1179516 Registered with: The Charity Commission of England and Wales Correspondence Address: 56 Pine Tree Hill, Pyrford, Woking, Surrey GU22 8LY Charity Form: Charitable Incorporated Organisation (CIO), Foundation Model 

All Trustees were appointed on the incorporation of Rose Opera on 10[th] August 2018. 


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rose
opera
Songs of
summer & love
July 14th
(Friday) 7pm
Great opera
composers in song
September 21st
(Thursday) 7pm
Schubertiade
November 10th
(Friday) 7pm
rose
opera
Reeital
Rose Opera in Recilal Posler
Page 3


## **Contacting Rose Opera** 

Rose Opera can be contacted through the email address: info@roseopera.co.uk. More information about Rose Opera can be found on our web site, www.roseopera.co.uk. 

## **Structure, Governance and Management** 

Rose Opera is governed by its Constitution, which is available for download from the Charity Commission web site. 

## **Appointment of Trustees** 

Apart from the first charity trustees, every trustee has been appointed by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees have considered the skills, knowledge and experience needed for the effective administration of the CIO. 

## **Rose Opera** 

## **Report of the Trustees for the year ending 31 December 2022** 

The Trustees of Rose Opera are pleased to present their annual report, together with the financial statements of the charity for the year ending 31[st] December 2023, which have been prepared under the accrual basis method. This report and the accompanying accounts have been prepared to meet the requirements of the Charity Commission. 

Rose Opera was incorporated as a Charitable Incorporated Organisation based on the Foundation Model on 10[th] August 2018 and is registered with the Charity Commission of England and Wales, registration number 1179516. This annual report of Rose Opera covers full financial year, which is the period from 1[st] January to 31[st] December 2023, a period of 12 months. 

More information about Rose Opera is available on our web site, at www.roseopera.co.uk. 

Rose Opera’s 2023 programme included three concerts from its ongoing series ‘Rose Opera in Recital’ concert, project dedicated to the genre of the Art Song initiated in 2021. 

Songs of summer and love presented a diverse programme of romantic songs including a contemporary Ukrainian composer, Myroslav Volynsky.  September programme explored the theme of opera composers writing for both opera and songs; it included a well curated selection of lieder and opera arias. Schubertiade in November was the best attended concert, fully dedicated to Franz Schubert and featuring is less known Italian arias. 

The venue for all three concerts was Leighton House Museum in Kensington, London.  The venue’s history, look and feel are aligned to the artistic agenda of Rose Opera.  Audience and critic reception of the concerts were overwhelmingly positive. 

2023 programme didn’t include a fully staged opera. 


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## **1. Objects, Organisation and Activities** 

The purpose of Rose Opera is to advance the arts for the public benefit through the promotion and presentation of opera to the highest possible standards for the benefits of the local communities in which the company performs; and to advance the education of the public in opera and classical song through outreach to educational institutions, and young performers in the early stage of their careers. 

Along with performing opera and classical song, Rose Opera strives to use the medium of opera to foster social inclusion and to engage young people in the performing arts. 

The trustees confirm that they have, with regard to the Charity Commission’s guidance on public benefit, implemented plans to promote opera and as an art form and to increase the scope and impact of the charity on accessing members of the public not previously reached. 

## **2. Review of activities** 

In 2023, we continued to see a slow return of our audiences to life events.  Despite the rising costs and continued economic uncertainty, Rose Opera planed and delivered several 3 successful recitals at Leighton House, London. 

‘ 

14/07/2023 Songs of Summer and love 21/09/2023 Great opera composers in song 10/11/2023 Schubertiade 

In addition, Rose Opera commenced preparation for a busy 2024 programme which would include, along with three Rose Opera in Recital concerts,  a fully staged production of Tosca in May 2024.  The preparation process included auditions and bringing onboard and mobilising a strong creative team. 

- **2.1 Rose Opera in Recital at Leighton House** 


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As already mentioned, three concerts at Leighton House were very positively received by both critics and audiences. 

6 Soloists, accompanied by the piano presented a diverse programme of songs and operatic arias (September, November). The November concert featured Schubert’s “Shepherd on the Rock” and was performed as an ensemble piece with a clarinet obligato. 

“Rose Opera are clearly a very talented and give every sign of having what it takes to produce a full Tosca with orchestra, soloists and chorus next May.” – Mark Aspen Reviews 


Songs of summer and love 


Schubertiade 

## **2.2 Sponsorship** 

Rose Opera is pleased to have attracted a number of important sponsors throughout the financial year. The key ones are: 


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- _**Big Yellow Storage (Sheen)**_ – we are very grateful for the continued provision of two storage rooms on a charity basis by Big Yellow Storage, Sheen. This is such an important facility for an Opera Company, allowing for secure, safe storage of costumes, sets, props, lights and other items. We are proud to advertise this partnership in our programmes, on our web sites and in our marketing literature. 

- **Capgemini UK** – as a part of the Group’s community outreach programme. 

- _**Sponsor contributions**_ – we are grateful for the ongoing support from our sponsors and supporters. 

## **2.3 Community impact and inclusivity** 

Rose Opera is committed to maintaining inclusivity in all of its productions and to ensuring that our impact in the local communities in which we perform is valued and positive. In particular, we focus on generating positive impact through: 

- _**Local audiences**_ – three concerts on a smaller scale were attended by an estimated 230 audience members. 

- _**Young artist scheme**_ – we continue to attract young performers both on stage and in the stage management positions. 

- _**Language coaching**_ – all performers, especially soloists, are provided with language coaching if they need and want to take advantage of this. 

## **2.4 Contribution of artists and volunteers** 

We greatly value the contribution made to the charity in time, skills, commitment and money by artists and volunteers. Without this contribution the charity would not be able to achieve its objects or activities in any kind of capacity such as have been done. The sense of collective goodwill and community spirit is at the heart of what Rose Opera represents. 

## **3. Principal sources of funds** 

The charity is supported by private donor funding, by income from admissions to productions, and by tax reliefs. In 2023 we secured private donations, income from ticket sales and tax relief income and gift aid claims where appropriate. 


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## **4. Risk review** 

The Trustees carry out: 

- A regular review of the risks the charity may face; 

- The establishment of systems and procedures to mitigate those risks; and 

- The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. 

## **5. Principal activity** 

The principal activity of the charity is that of an opera company. 

## **6. Trustees** 

The trustees who held office during the period were: 

Andrew Evans (Chairman) – resigned in early summer 2023 Tamara Ravenhill (Treasurer and Artistic Director) Alethea Tabor (Chorus Master) – resigned in early summer 2023 Paul Ravenhill (Director) 

Andrew Evans and Alethea Tabor stepped down as Trustees of Rose Opera.  As the cofounders of the charity, their contribution was essential to the success of Rose Opera, especially during the challenging pandemic times.  We would like to thank them for their work and commitment. 

Post reporting period event: a new Trustee, Andrew Robinson was appointed in early 2024.  Andrew is an experienced and well established pianist and coach, a faculty member at the Royal College of Music.  We are thrilled to have his expertise and in-depth knowledge of operatic and, especially, lieder repertoire to inform and guide our future artistic plans. 

Appointment of directors is by ordinary resolution of the members at a general meeting. 

Signed by: 

Tamara Ravenhill – Artistic Director, Treasurer and Producer 

Paul Ravenhill – Chairman 


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## **Rose Opera Statement of financial activities** ~~**Year ended 31 December 2023**~~ 

## **Section A   Statement of financial activities (including summary income and expenditure account)** 

|**Recommended categories by activity**|**Recommended categories by activity**|**Unrestricted**<br>**funds**|**Restricted**<br>**income**<br>**funds**|**Endowment**<br>**funds**|**Total funds**|**Prior year**<br>**funds**|
|---|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|**£**|
|**Income**||F01|F02|F03|F04|F05|
|**Income and endowments from:**|||||||
|Donations and legacies||500|-|-|500|7,060|
|Charitable activities||4,667|-|-<br>|4,667|6,608|
|Other trading activities||-|-|-|-|-|
|Investments||-|-|-|-|-|
|Grant Funding||-|-|-|-|-|
|Gift Aid & Creative Tax Relief||3,066|-|-|3,066|2,852|
|**_Total_**||8,233|-|-|8,233|16,520|
|**Expenditure**|||||||
|**Expenditure on:**|||||||
|Raising funds||-|-|-|-|-|
|Charitable activities||3,720|-|-|3,720|7,037|
|Professional fees||923<br>|||923|5,219|
|Support costs||1,713|-|-|1,713|2,342|
|**_Total_**||6,356|-|-|6,356|14,598|
||||||||
|**Net income/(expenditure) before tax for**<br>**the reporting period**||1,877|-|-|1,877|1,922|
|Taxpayable||-|-|-|-|-|
|**Net income/(expenditure) after tax before**<br>**investment gains/(losses)**||1,877|-|-|1,877|1,922|
|Netgains/(losses)on investments||-|-|-|-|-|
|**Net income/(expenditure)**||1,877|-|-|1,877|1,922|
|**Extraordinary items**||-|-|-|-|-|
|**Transfers between funds**||-|-|-|-|-|
|**Other recognised** **gains/(losses):**|||||||
|Gains and losses on revaluation of fixed assets for the<br>charity’s own use||-|-|-|-|-|
|Other gains/(losses)||-|-|-|-|-|
|**_Net movement in funds_**||1,877|-|-|1,877|1,922|
||||||||
|**_Reconciliation of_**<br>**_funds:_**|||||||
|Total funds brought forward||4,618|-|-|4,618|2,696|
|**_Total funds carried forward_**||6,495|-|-|6,495|4,618|




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## **Rose Opera Balance sheet As at 31 December 2023** 

## 

||**Unrestricted**<br>**funds**|**Restricted**<br>**income**<br>**funds**|**Endowment**<br>**funds**|**Total this**<br>**year**|**Total last**<br>**year**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|**Fixed assets**|F01|F02|F03|F04|F05|
|**Intangible assets**|-|-|-|-|-|
|**Tangible assets**|-|-|-|-|-|
|**Heritage assets**|-|-|-|-|-|
|**Investments**|-|-|-|-|-|
|**_Total fixed assets_**|-|-|-|-|-|
|**Current assets**||||||
|**Stocks**|-|-|-|-|-|
|**Debtors**|-|-|-|-|-|
|**Investments**|-|-|-|-|-|
|**Cash at bank and in hand**|6,494|-|-|6,494|4,617|
|**_Total current assets_**|6,494|-|-|6,494|4,617|
|||||||
|**Creditors: amounts falling due within**<br>**one year**|-|-|-|-|-|
|||||||
|**_Net current assets/(liabilities)_**|6,494|-|-|6,494|4,617|
|||||||
|**_Total assets less current liabilities_**|6,494|-|**-**|6,494|4,617|
|||||||
|**Creditors: amounts falling due after**<br>**one year**|-|-|-|-|-|
|**Provisions for liabilities**|-|-|-|-|-|
|||||||
|**_Total net assets or liabilities_**|6,494|-|-|6,494|4,617|
|**Funds of the Charity**||||||
|**Endowment funds**|-|||-|-|
|**Restricted income funds**||-||-|-|
|**Unrestricted funds**|6,494||-|6,494|4,617|
|**Revaluation reserve**||||-||
|**Fair value reserve**||||||
|**_Total funds_**|6,494|-|-|6,494|4,617|




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## **Rose Opera Balance sheet As at 31 December 2022 – continued** 

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ending 31 December 2020. 

No notice has been deposited under Section 476 of the Companies Act 2006 in relation to its financial statements for the financial year. 

The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. 

These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies’ regime and in accordance with FRS102 SORP. 

## **Signed on behalf of the Directors** 

## **Tamara Ravenhill** 

**Treasurer** 

**September 2023** 


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## **Notes to the financial statements For the period 1/1/20 – 31/12/20** 

## **1. Accounting policies** 

## **Basis of preparation** 

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. 

The accounts have been prepared in accordance with: 

- the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014. 

- the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) 

and with the Charities Act 2011.  The charity constitutes a public benefit entity as defined by FRS102. 

The accounts have been prepared on a going concern basis.  Having made appropriate enquiries, the trustees consider it reasonable to assume the charity has adequate resources to continue for the foreseeable future. 

## **Recognition of income** 

All incoming resources are included in the statement of financial activities (SOFA) when the charity becomes entitled to the income and it is more likely than not that it will receive the income and the amount can be quantified with reasonable accuracy. 

Incoming resources from charitable activities represent ticket sales, front of house income (programmes) and participation fees for operas. 

Voluntary income is receivable from donations, advertising in the programme by local businesses and any related income tax recovery therein. 

## **Expenditure** 

Expenditure is included on an accruals basis and is inclusive of irrecoverable VAT. 

## **Investment assets** 

The charity holds no investment assets at the balance sheet date. 

## **Tangible assets** 


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The charity holds no tangible assets (those being of a value of more than £500) at the balance sheet date. Rose Opera’s policy is that any asset purchased at a cost of less than £500 should be written off through the P&L in the year in which it is purchased. 

**Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 

Restricted funds comprise unrestricted funds that have been set aside by the trustees for particular purposes, or that have been designated by a donor for a particular purpose. The charity holds no restricted funds at the date of the Balance sheet. 

## **2. Analysis of income** 

|**Note 3**|**Income**||||||
|---|---|---|---|---|---|---|
||**Analysis of income**|**Unrestricted**<br>**funds**|<br>**Restricted**<br>**income**<br>**funds**|**Endowment**<br>**funds**|<br>**Total funds**|**Prior year**|
||||||**£**|**£**|
|**Donations**<br>**and legacies:**|Donations and gifts|500|-|-|500|7,060|
||Gift Aid and tax relief|3,066|-|-|3,066|2,852|
||Legacies|-|-|-|-|-|
||General grants provided by government/other<br>charities|-|-|-|-|-|
||Membership subscriptions and sponsorships<br>which are in substance donations|-|-|-|-|-|
||Donated goods, facilities and  services|-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|3,566|-|-|3,566|9,912|
||||||||
|**Charitable**<br>**activities:**|Productions (incl. programmes)|4,667|-|-|4,667|6,608|
|||-|-|-|-|-|
|||-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total**|4,667|-|-|4,667|6,608|
||||||||
|**TOTAL INCOME**||8,233|-|-|8,233|16,520|



In the trading period the main sources of income for the charity were ticket sales and private donations. 


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## **4 Expenditure** 

|**Expenditure**|**Expenditure**|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||**This year**|||||**Last year**|||
|**Analysis**||**Unrestricted**<br>**funds**|<br>**Restricted income funds**|**Endowmen**<br>**t funds**|**Total funds**|**Unrestricted**<br>**funds**|<br>**Restricted**<br>**income**<br>**funds**|**Endowment**<br>**funds**|**Total funds**|
|**Expenditure on raising funds:**|||||**£**||||**£**|
|Incurred seeking donations||-|-|-|-|-|-|-|-|
|Incurred seeking legacies||-|-|-|-|-|-|-|-|
|Advertising, marketing, direct mail and publicity||855|-|-|855|1,217|-|-|1,217|
|||-|-|-|-|-|-|-|-|
|**Total expenditure on raising funds**||855|-|-|855|1,217|-|-|1,217|
|||||||||||
|**Expenditure on charitable activities:**||||||||||
|Charitable activities (productions)||3,720|-|-|3,720|7,037|-|-|7,037|
|General & Administrative||858|-|-|858|1,126|-|-|1,126|
|Artists' fees||923|-|-|923|5,219|-|-|5,219|
|Miscelaneous||-|-|-|-|-|-|-|-|
|**Total expenditure on charitable activities**||5,501|-|-|5,501|13,382|-|-|13,382|
|||||||||||
|**TOTAL EXPENDITURE**||6,356|-|-|6,356|14,599|-|-|14,599|



Except for general expenses such as general company branding (website including sales processing capability), all other costs are directly related to the charitable activities.  Expenditure largely consists of payments to artists and hire costs to rehearsal and performance venues.   The line “Charitable Activities (productions)” in the table above includes production costs such as costumes and props’ acquisition (value below £500) and hire. 

|(value below £500) and hire.|(value below £500) and hire.||||
|---|---|---|---|---|
|**Analysis of expenditure on charitable activities**|||||
|||**This year**|**Last year**||
|**Activity or programme**||**Activities**<br>**undertaken**<br>**directly**|**Activities undertaken**<br>**directly**||
|Activity 1|Rose Opera in Recital|5,419|1,036|Rose Opera in Recital<br>2022|
|Activity 2|Fully staged opera (Tosca 2024)|273|9,718|Fully Staged opera<br>:Suor Angelica I Mozart<br>& Salieri|
|Activity 3|Opera Gala (Nov 2022)|30|2,975|Opera Gala with<br>Orchestra|
|Other|Support Costs|634|869||
|**Total**||6,356|14,598||




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## **5. Support costs** 

|Support cost|Raising Funds|Grand Total|Notes|
|---|---|---|---|
|General Branding<br>and Website|634|634|Website hosting, email<br>service|
|Insurance|-|-||
|Lighting|-|-||
|Fund Raising costs|-|-||
|<br>Total|634|634||



The general branding and website category includes costs for Rose Opera’s web site, which is hosted by wix.com and our email service, which is provided by namesco.co.uk. 

## **6. Directors’ remuneration and expenses** 

The company directors are both directors and trustees of the company for company and charity law purposes.  None of the directors were paid remuneration or expenses in their capacity as trustees. 

## **7. Preparation and review of the accounts** 

In 2023 Rose Opera has reported 8, 233 in revenues for the financial year.  Given its current size and transactional complexity, the Trustees are satisfied that the accounts have been prepared by the Treasurer who is a qualified accountant (ACMA) and has a business degree (an MBA), and reviewed by the Trustee who holds a university degree. The Trustees continue to feel that there is no need at this point for an additional independent review of the accounts. 


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