OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-09-30-accounts

Into Opera

Report and Financial Statements

For the Period ended 30 September 2023 (18 months)

Charitable Incorporated Organisation Registered no: 1183225

Into Opera

Period ended 30 September 2023

Contents Page
Legal and administrative information 1
Report of the Trustees 2 - 10
Report of the Independent Examiner 11
Statement of Financial Activities 12
Balance Sheet 13
Notes forming part of the financial statements 14 - 19

Into Opera

Period ended 30 September 2023

Legal and administrative information

Charitable Incorporated Organisation (CIO) name: Into Opera

Registered Charity number: 1183225

Trustees : George Chambers Rosenna East (until 31 October 2023) Jaime Morgan Hitchcock Elizabeth Llewellyn MBE (until 23 July 2024) Frances Ludden Charles MacDougall (until 23 July 2024) John Nicholas Simpson David Walker (Chair) Professor David Waugh Harriet Wybor (until 12 June 2023)

Principal office : 23 Carnoustie Norwich, NR4 6AY

Independent examiners : I A Barlow FCCA For and on behalf of Sexty & Co Chartered Certified Accountants 124 Thorpe Road Norwich, NR1 1RS

Bankers : National Westminster Coventry City Branch 24 Broadgate Coventry, CV1 1NE Solicitors : Hansells Cambridge House, 26 Tombland Norwich, NR3 1RE Clintons 55 Drury Lane London, WC2B 5RZ

1

Into Opera

Period ended 30 September 2023

Report of the Trustees

The Trustees have pleasure in presenting their Report and the financial statements of the CIO / Charity for the year ended 31 March 2023.

Objectives and activities

The Constitution of Into Opera, dated 18 September 2018, adopted by the CIO on its registration by the Charity Commission as a Charity on 2 May 2019, states that its Objects are:

‘To advance education in, and to promote and increase the enjoyment and appreciation of, opera and the arts (including music, drama, dance, design, film, the written word) for public benefit. Through so doing, the CIO aims to improve the accessibility of opera as an art form, nationally and internationally, seeking to get more people into opera as audience members and/or participants. This will be achieved by:

Achievements and Performance

Into Opera is the only professional opera company in Norfolk. In making our creative work, we prioritise our audiences and beneficiaries, developing a cultural programme of activity seeking to engage and inspire stakeholders, which fosters and builds an engaged cultural community around our work. The charity is determined to break down barriers to access and address cultural deprivation. We develop first experiences of opera which will excite a person’s passion and will live in their memory. A priority for the charity is to ensure we engage with diverse communities and individuals from lower socio-economic backgrounds.

Our education engagement is fuelled by the necessity to support schools to mine the gaps in the education system by supporting schools to nurture the creative thinking of pupils and teachers, supporting children to develop their communication skills, and offering expertise with music - a marginalised and significantly under-funded subject.

2

Into Opera

Period ended 30 September 2023

Report of the Trustees - continued

Inspiring a Creative Revolution in Primary Schools: Breaking the Cycle

During this reporting period, we have continued our artistic residencies in primary schools in Norwich – St Francis of Assisi Catholic Primary School, The Bawburgh School and Sprowston Junior School . Our commitment to these schools is part of our residency programme that aims to support schools to break negative cycles in the lives of young people and to explore how the Arts can bring positive changes to the lives of children through enriched experiences within and beyond the school environment.

We delivered a bespoke programme of Continuing Professional Development (CPD) with the Voices Foundation titled Finding Your Voice to support the teaching of music in schools. We also continued to collaborate with our academic research partner, the University of Durham, to deliver CPD and consultation around nurturing creativity in primary schools including the creation of the “Creativity Wheel” a new tool to support schools in igniting, developing and monitoring creativity across a whole school.

This residency also included offering children immersive live theatre experiences ranging from trips to London ( The Lion King, Cirque du Soleil and Matilda) to local trips to experience venues such as the Hippodrome Circus in Great Yarmouth and Norwich Theatre. These experiences always involved workshops with professional artists and extended cross-curricular engagement activities through development of the school curriculum to support the trip, as well as seeing a live production.

At The Bawburgh School we have launched a musician-in-residence scheme which has involved the purchase of a piano for the school and a musician being in the School for 1-day per week. The work of this musician is set up to complement the strategy for our artistic residency with the School. Every child at this School has now played the piano, and sings and listens to music performed live on a weekly basis. This experience is helping to build the knowledge and expertise of teachers through shadowing and co-teaching with the musician, and is now substantially expanding how music is infiltrating and inspiring the wider school curriculum. The School has now, for the first time, also developed a school choir. Regular monitoring has highlighted how much joy children, across the board, feel from this weekly engagement and the impact it is having on their wellbeing and emotional health. We look forward to seeing how this role and residency develops.

In the Spring Term of 2023, we began the process of developing, from scratch, brand new children’s operas with each of these Schools. We appointed Michael Betteridge as the composer for these works and our Artistic Director, Genevieve Raghu, worked as the librettist. Together, they engaged in substantial consultancy over February and March 2023 both with children and with teachers in preparation for the creation of these new works. It was vital to us to ensure that the children were central to the creation of these new works. We also knew how important it was to ensure that our approach could visibly enhance and deepen the Schools’ curriculum offer and aspirations for their children, to enable it to be effectively embraced and embedded

3

Into Opera

Period ended 30 September 2023

Report of the Trustees - continued

within the School. Each School participated in 2 – 5 hours of workshops per week from March and this continued until July 2023. The operas were performed by the children as part of the Norfolk Into Opera Festival alongside the National Symphony Orchestra, supported throughout by a professional creative and production team. Just under 200 children were directly involved in this experience. Schools, recognising the value of this opportunity, set aside a significant amount of time for this project, whilst also continuing their classroom teaching of the national music curriculum.

Our ongoing role with these Schools can be seen as one of a champion for arts, culture and creativity. We act as an ally, supporting the School with consultation, their cultural strategy, and creating engagement opportunities to help these Schools see what is possible and to raise their ambition for the delivery of arts in schools. As this journey goes on, increasing numbers of teachers, senior leaders and parents are noticing the social, emotional, cultural, academic and creative impact this continued collaboration between a professional arts organisation and school is having on the wellbeing and development of their children. We are witnessing the culture of these Schools gradually change with music and the Arts playing an increasingly inspiring and nurturing role in defining that culture and building a greater connectedness across these school communities.

As this residency continues, we will start to build and pilot a bespoke Music Curriculum for each School with accompanying CPD aiming to build teacher confidence in delivering an inspirational, engaging and relevant music curriculum for their pupils.

Opera Unwrapped for Christmas

We seek to deliver an annual Christmas concert Opera Unwrapped for Christmas and this year we were approached by Norwich Theatre to devise a concert for the Norwich Playhouse in December 2022. This marked our first public facing event since the Covid-19 pandemic. The success of this event led to discussions commencing with The Halls Norwich, a substantially larger venue, to host a similar event in 2023.

Norfolk Into Opera Festival

We re-launched the Norfolk Into Opera Festival (NIOF) in July 2023 at the Octagon Barn (Little Plumstead, Norfolk). This is a Festival which we piloted in 2019 and its noted success with audiences and artists has led to our determination to develop the concept further, and, in light of the pandemic, 2023 was our first opportunity to do so. In 2019, the Festival was 4 days - in 2023 we expanded the Festival to 11 days. By extending the Festival in this way, we had an opportunity to offer more variety in our programme of events and to encourage repeat audience visits, and so increased audience development opportunities. Strategically, the Festival aims to build more audiences for opera in Norfolk by creating a wide range of high-quality, playful, imaginative and affordable opera experiences for all ages. The music director for this season was Olivia Clarke and the programme in 2023 included a family opera Captain Blood’s Revenge by Lynne Plowman, Bizet’s Carmen in an English translation by Norfolk’s David Parry, an Opera meets Jazz night in collaboration with the

4

Into Opera

Period ended 30 September 2023

Report of the Trustees - continued

trumpeter Enrico Tomasso, a Party in the Park for Families and an Opera Unwrapped Gala Concert . The latter included a preview of music from Gobbolino the Witch’s Cat by Patrick Hawes, an opera we have commissioned and hope to take forward into performance in the future. Furthermore, NIOF launched with a free Big Sing delivered in collaboration with the Voice’s Foundation on the fields of the Octagon Barn for Norfolk primary schools offering a chance for us to unite our ‘Breaking the Cycle’ schools and to offer this experience free to other schools locally as well. The children’s operas, having been developed with schools, also received two performances each as part of the Festival with children billed alongside our professional artists.

One of our Trustees, Professor David Waugh from the School of Education at Durham University, interviewed teachers across all three schools to gather their feedback about the impact of engaging with the creation of these children’s operas and the involvement of children in the Norfolk Into Opera Festival.

A number of teachers emphasised that the curriculum in schools was being squeezed by the Government’s strong focus on core subjects at the expense of the arts and creativity. They felt that involvement with Into Opera provided children and teachers with opportunities to enrich the curriculum and broaden pupils’ experiences. The benefits identified by teachers included:

5

Into Opera

Period ended 30 September 2023

Report of the Trustees - continued

We also spoke to parents and a summary of their key points included:

Below is a review of the children’s operas from Abi Marrison, ArtsMark Manager of the Norfolk and Norwich Festival.

‘Into Opera

Wed 12[th] July2023

New Opera with Bawburgh Primary school: There’s a dinosaur in the playground New opera with Sprowston Junior School: The books that disappeared - @ The octagon barn, Little Plumstead https://www.into opera.org.uk/

In my opinion - it was a piece of magic.

Into Opera truly understands what it means to co-create with children and young people and how to work in a way that compliments and underpins the whole school curriculum. This comes from long-term residencies to embed the creative process of writing and staging an opera. Bringing authentic and high quality national professionals into Norfolk Primary schools as part of learning how to be creative, sing and write for a purpose.

The events at the Octagon Barn create a professional space for the children to rehearse and perform to an audience alongside their professional composer, musical director and a live orchestra.

Over the five + years I have known Genevieve, who set up Into Opera, what I have witnessed is the start of her revolution to get a broader audience to enjoy opera (including myself who by my own admission was not an opera lover).

The 2 shows back-to-back were a mix of showmanship and confidence. The children were funny, articulate, invested and created 2 captivating original performances. Taking the lead from their co-creator (and on the night conductor) Michael Betteridge. The festival feel, with beer tents and freshly cut grass, aided the school-aged children to bring their own opera to life in a way that thrilled an audience of parents and family members who I assume had been expecting to sit passively and not to have enjoyed it as much as their wide smiles gave away throughout the evening.

Well done all. It’s a pleasure to witness your work.

Abi Marrison | Artsmark Manager Norfolk & Norwich Festival’

6

Into Opera

Period ended 30 September 2023

Report of the Trustees - continued

Norwich and Rouen

Into Opera was invited by Anguish’s Education Foundation to support on a visit to Norwich’s twin city, Rouen, to explore how a relationship between our two cities might develop with a focus on young people, social mobility and empowering education experiences. Into Opera has been selected to represent Norwich as a cultural organisation. This visit was planned to take place in October 2023.

Fundraising Events

We were grateful for the support of Nicky Spence (Tenor) and Elizabeth Llewellyn (Soprano) who both supported and performed for us at fundraising events over this year to champion for the importance, value and quality of our charitable activity.

Financial review

A principal source of funds for the Charity continues to be grants. In 2022/23, this amounted to £78,153, 31% (2021/22: 94%) of total income. The reason for this proportionate reduction between the years was the significant increase in personal and corporate donations and the claim for Theatre Tax Relief (TTR) arising from the Norfolk Into Opera Festival. Personal donations increased to £18,879 (2021/22: £2,895) plus Gift Aid income of £3,423, and corporate gifts to £12,310, (2021/22: nil) . The claim for Theatre Tax Relief amounted to £84,800, 34% (2021/22: nil) of all income. Contributions from the schools whose students participated in the Children’s Operas at the Festival were £31,026 (2021/22: £3,800) , funded mainly from grants they had received for the purpose.

Ticket sales related principally to the Festival amounted to £21,706 (2021/22: nil) . By the nature of the Charity’s work and objects, this balance of funding is likely to persist as opera is a relatively expensive art form and the Charity aims to promote accessibility to lower income groups among others.

The Charity has no investments from which it derives benefit and has no pension fund liabilities.

Principally because of the Festival, expenditure rose very substantially for the period to £370,249, (2021/22: £37,254) . This exceeded the total income by £119,923, the excess funded by reductions in funds brought forward from the prior year, a significant proportion of which were restricted to meet the costs of the Festival. In total £181,392 was appropriately taken from restricted funds during the year, (Note 5).

As at 30 September 2023, the total reserves of the Charity are shown in the table below:

2023 2022 £ £ Total funds 96,395 216,318

7

Into Opera

Period ended 30 September 2023

Report of the Trustees - continued

Of these, £17,791 (18.5%) (2022: £41,632 ( 19.2%)) were ‘unrestricted’. Currently, there are no ‘designated’ funds.

Currently, the Board’s Reserve Policy is to maintain reserves sufficient to meet the ongoing costs of employing the Artistic Director / Chief Executive on the terms set out in her Contract of Employment. At the time of signing these Accounts, sufficient unrestricted and restricted funds are available to meet this commitment.

The Board formally agreed to change the Charity’s year-end to 30 September. It was noted that the expenditure on the preparation and staging of a summer festival would likely fall across two financial years in the year-end remained at 31 March. This seemed to the Board not to make sense as it would be more difficult to understand the overall financial impact of such significant part of the Charity’s financial activity. It would also delay any claim for Theatre Tax Relief which is likely to remain an important element of the organisation’s cash flow.

Future plans and going concern

We believe opera is transformative – we have seen how it can help to tackle imbalance in society and genuinely changes lives. Our work will continue to be driven by this belief and will continue to sit within five categories:

Over the next year, these categories will continue to shape our creative and strategic plans.

Taking account of income and expenditure so far in 2023/24, Trustees are of the opinion that Into Opera remains ‘a going concern’.

Structure, governance and management

The Charity is a Charitable Incorporated Organisation registered with the Charity Commission on 2 May 2019, with the registration number 1183225. The CIO has no subsidiary organisations.

The CIO must maintain at least three Trustees in post at all times, all of whom must be at least 16 years of age and at least one of whom must be over the age of 18 years. New Trustees are appointed by the Board taking account of the needs of the organisation and the ‘skills, knowledge and experience’ of eligible individuals. They are appointed for a period of three years and are eligible for further periods of service.

8

Into Opera

Period ended 30 September 2023

Report of the Trustees - continued

At the time of signing this Report, there are six Trustees. New Trustees are inducted by a nominated member of the Board and the Chief Executive. The Chair is elected by the Board. At the time of signing this Report, the Chair is David Walker.

Decisions on the CIO’s principal policies, strategic direction, the approval of significant projects, annual plans and budgets, regular financial monitoring and formal agreements and contracts are considered and approved by the Board. Trustees seek and consider appropriate professional advice as they consider appropriate. The Artistic Director / Chief Executive is authorised to take all day-to-day decisions within approved policies and plans. She reports to the Chair of the Board.

The Board has approved the Contract of Employment of the Artistic Director / Chief Executive, Genevieve Raghu, who is the only employee.

The Charity collaborates with a number of other institutions including schools and universities, to further its charitable objects but has no formal relationship with any other organisation.

The policy of the Trustees is to use an accountant in practice to act as Independent Examiner of the Accounts and Report.

Reference and administrative details

The reference and administrative details of the Charity, including the list of Trustees, are shown on page 1. The CIO holds no funds as a Custodian Trustee.

Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

9

Into Opera

Period ended 30 September 2023

Report of the Trustees - continued

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Thanks

Trustees would like to express their thanks to all those who contributed in so many ways to the highly successful Festival, including the students and their teachers. Those who volunteered during the Festival at the ‘front of house’ and as chaperones played a crucial role.

The Chair would like to express his personal thanks and appreciation to his fellow Trustees for their many and diverse contributions and wise counsel during the period. Particular thanks go to Rosenna East, Harriet Wybor, Charles MacDougall and Elizabeth Llewellyn who left the Board for various personal reasons during the period covered by these Accounts and Report. We wish them well.

Finally – but by no means least – Trustees thank Genevieve Raghu, our Artistic Director and Chief Executive. She remains an inspiration to us and to those with whom the Charity works and has contact. Her vision, creativity, determination, perseverance and sheer hard work are an example to all. Thank you!

This report and the financial statements were approved by the Trustees on 29 July 2024 and were signed on their behalf by

David Walker, Chair

10

Into Opera

Period ended 30 September 2023

Independent Examiner's Report to the Trustees

I report to the Charity’s Trustees on my examination of the accounts of the Charity for the period to 30 September 2023 which are set out on pages 12-19.

Responsibilities and basis of report

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 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 Examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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.

I A Barlow FCCA Sexty & Co Chartered Certified Accountants and Registered Auditors 124 Thorpe Road Norwich NR1 1RS

29 July 2024

11

Into Opera

Period ended 30 September 2023

Statement of Financial Activities

Notes
Income and endowments from:
Donations, legacies and similar
2
Charitable activity
3
Other income
4
Total income and endowments
Expenditure on:
Charitable activities
Governance costs
5
6
Net movement in funds
Reconciliation of funds:
Fund balances brought forward
Transfer between funds
Fund balances carried forward
10-12		 Unrestricted
Funds
Restricted
Funds
Total
2023
Total
2022
£
£
29,190
80,152
109,342
193,895
22,010
30,722
52,732
3,800
88,252
-
88,252
7,791
139,452
110,874
250,326
205,486
187,447
1,410
181,392
-
368,839
1,410
35,884
1,370
188,857
181,392
370,249
37,254
(49,405)
(70,518)
(119,923)
168,232
41,632
25,564
174,686
(25,264)
216,318
-
48,086
-
17,791
78,604
96,395
216,318

The notes set out on pages 14 - 19 form an integral part of these financial statements.

12

Into Opera

Period ended 30 September 2023

Balance Sheet

Notes
Fixed assets
Tangible fixed assets
Current assets
Cash at bank and in
hand
Debtors due within
one year
8
Stocks
Creditors due
within one year
9
Net current assets
Net assets
Represented by:
Restricted funds
Unrestricted funds
Total funds
10-12		 2023
£
£
-
9,596
85,165
3,500
98,261
1,866
96,395
96,395
78,604
17,791
96,395		 2023
£
£
-
9,596
85,165
3,500
98,261
1,866
96,395
96,395
78,604
17,791
96,395		 2022
£
£
-
215,838
890
1,000
217,728
1,410
216,318
98,261
1,866
96,395 216,318
78,604
17,791		 170,033
46,285
96,395 216,318

The financial statements on pages 12 - 19 were approved by the Trustees on 29 July 2024 and signed on their behalf by:

David Walker – Chair of Board of Trustees

13

Into Opera

Period ended 30 September 2023

Notes forming part of the financial statements

1 Accounting policies

(a) Basis of preparation

The Charity constitutes a public benefit entity as defined by FRS 102. These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant Notes to these accounts. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

(b) 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.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund.

(c) Incoming resources

All incoming resources are included in the statement of financial activities on an accruals basis. They are classified on an activity basis.

(d) Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with use of the resources.

(e) Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be able to continue as a going concern.

14

Into Opera

Period ended 30 September 2023

Notes forming part of the financial statements

2
Donations, legacies and similar income
Trusts and foundations
Individual donors (Gift Aid)
Individual donors (non-Gift Aid)
Corporate donors
Total
3
Income from charitable activity
Schools’ contributions
Ticket sales
Total
4
Other income
Gift Aid
Theatre Tax Relief
Job Retention Scheme Grant
Other
Total		 2023
£
78,153
16,704
2,175
12,310
109,342
2023
£
31,026
21,706
52,732
2023
£
3,423
84,800
-
29
88,252		 2022
£
191,000
2,770
125
-
193,895
2022
£
3,800
-
3,800
2022
£
719
-
7,072
7,791

15

Into Opera

Period ended 30 September 2023

Notes forming part of the financial statements

5 Expenditure on charitable activities

Accommodation
Trustees’ expenses
Artistic Director / CEO
Bar costs
Staff costs
Production costs
Educational settings costs
Sundry
Related support costs
Professional subscriptions
Advertising
Total		 Unrestricted
Restricted
Total
Total
Funds
Funds
2023
2022
£
£
£
£
21,334
-
21,334
388
-
-
-
720
45,008
-
45,008
25,373
1,600
-
1,600
-
51,745
51,745
1,095
53,349
152,072
205,421
5,862
-
29,320
29,320
1,606
1,466
-
1,466
9
10,015
-
10,015
621
-
-
-
210
2,930
2,930
-
187,447
181,392
368,839
35,884

6 Governance

Independent Examination of Accounts
Total		 2023
£
1,410
1,410		 2022
£
1,370
1,370

7 Trustees’ expenses

No Trustee payments were made. No trustee received any remuneration from the Charity during the current financial period.

8 Debtors and prepayments

8 Debtors and prepayments
Theatre Tax Relief
Other prepayments and accrued income
Total
9 Creditors and accruals
Trade creditors - falling due within one year
Total		 2023
£
84,800
365
85,165
2023
£
1,866
1,866		 2022
£
-
890
890
2022
£
1,410
1,410

16

Into Opera

Period ended 30 September 2023

Notes forming part of the financial statements

10 Funds reconcilliation

Unrestricted funds
Restricted funds
- Breaking the Cycle
- IO Youth Company
- Barford School
- Bawburgh School
- Chivers Trust
- Backstage Trust
- Norfolk Opera Trust
- Geoffrey Watling
Charity
- Norwich Freemen’s
Charity - increasing
access
- Norwich Freemen’s
Charity - opera for all
- Anguish’s Educational
Foundation - Let the
Arts Thrive
- Anguish’s Educational
Foundation - Get
Into Opera
- Individual Donors –
NOIF 23
Total		 At
01/04/2022
£
Incoming
Resources
£
Outgoing
Resources
£
Transfers
£
At
31/03/2023
£
41,632
139,452
(188,857)
25,564
17,791
166,477
-
(82,085)
(25,564)
58,828
8,209
-
(8,206)
-
-
-
11,350
(3,313)
-
8,037
-
19,371
(12,007)
-
7,364
-
2,500
(2,500)
-
-
-
10,000
(5,625)
-
4,375
-
2,003
(2,003)
-
-
-
3,000
(3,000)
-
-
-
8,000
(8,000)
-
-
-
25,000
(25,000)
-
-

-
17,650
(17,650)
-
-

-
10,000
(10,000)
-
-
-
2,000
(2,000)
-
-
216,318
250,326
(370,249)
-
96,395

17

Into Opera

Period ended 30 September 2023

Notes forming part of the financial statements

11 Restricted funds’ purpose

The purpose of the restricted funds is as follows:

FUND PURPOSE
Breaking the Cycle To work with schools in the greater Norwich area
(2020 and ongoing) and in collaboration with the University of Durham
to provide life-changing experiences derived from
greater exposure to the arts and creative thinking
and practice.
Into Opera Youth Company To provide a route by which young people work
together to take part in performing opera and
appreciating the professional production of opera.
Barford School To promote music and the appreciation of music
within the School’s curriculum
Bawburgh School To promote music and the appreciation of music
within the School’s curriculum
Chivers Trust Developing children’s operas as part of the Norfolk
Into Opera Festival 2023
Backstage Trust Towards the costs of an external Fundraising &
Development Consultant,(to be matched by a further
£10,000)
Norfolk Opera Trust To support the Norfolk Into Opera Festival 2023
Geoffrey Watling Charity To support the Norfolk Into Opera Festival 2023
Norwich Freemen’s Charity - To support the Norfolk Into Opera Festival 2023,
increasing access particularly promoting access through the subsidy of
ticket prices
Norwich Freemen’s Charity - To contribute to meeting the costs of the venue and
Opera for all children’s participation in the Norfolk Into Opera
Festival 2023
Anguish’s Educational To contribute to meeting the costs of children’s
Foundation - Let the Arts participation in the Norfolk Into Opera Festival 2023
Thrive
Anguish’s Educational To contribute to meeting the costs of children’s
Foundation - Get Into Opera participation in the Norfolk Into Opera Festival 2023
Individual donors - NOIF 23 To support the Norfolk Into Opera Festival 2023

18

Into Opera

Period ended 30 September 2023

Notes forming part of the financial statements

12 Analysis of net assets between funds

Current assets
Current liabilities
Total		 Unrestricted
funds
£
Restricted
funds
£
At
31/03/2023
£
19,657
78,604
98,261
(1,866)
-
(1,866)
17,791
78,604
96,395

13 Independent Examiner’s remuneration

The Independent Examiner’s remuneration amounts to an independent examination fee of £1,410 plus VAT.

14 Related party transactions and donated facilities

Such costs have not been included in the financial statements as their value cannot be quantified. During the year, Jaime Morgan Hitchcock made donations to unrestricted funds to the total of £1,000. During the same period, David Walker made donations to unrestricted funds to the total of £9,500.

15 Ultimate controlling party

The CIO is controlled by the Board of Trustees.

19