OPRA CYMRU CYFYNGEDIG (Cwmnfi eyfyngedfig dThy warant) DAtgAnladau Ariallnol ar fer y flwyddyn ddaeth i ben 31 Gorffennaf 2024 Rhif Elusen: 1188S95 Rhif Cwmni: 06657485 OPRA CYMRU CYFYNGEDIG Cynllwy8 Gwyboda¢th gyfr¢ithiol a 8weiDyddol Admddiad YrYm￿￿1e(k)lwyr NOdi￿all rbkn otrdatwithdau arlannol 8-15 OPRA CYMRU CYFYNGEDIG GWYBODAEfH GYFREIThIOL A GWEINYDDOL YMDDIRIEDOLWYR Catriti Anne Ahm Elin Hywel (ymddIswyd￿ 5 0 Flwnh 2024) Tonjos Emyr ￿wi$ (ymddiswyddo 2il o Dochw¢dd 2023) Iwan Mor Christopher Ridler Elen Thomas Patrick Young Roger Young lymddiswyddo 18fed o El￿111 2024) R05a]ind Gibson (penfyjwyd 20fed o Fai 2024) Daniel Evan5 (penodwyd 20foa o Fai 2024) SWYDDFA GOFRLThEDIG Lk¢h Ronw Cwm Cynf Ff¢￿In108 Gwynedd LLAI 4DP BANCIWR Natwe 34 Styd FAwr Pwllheli GwyDedd LL53 5WY W J Matthews a'i Fab 11-15 Y B(￿1 Bridd LL55 IAB OPRA CYMRU CYFYNCEDIG Adroddlad yr ymddirledolwyr y flwyddyn ddleth S ben 31 GortT¢noaf 2024 Mae'r Ymddiriedolwyr. sydd h¢fyd yn Gyfgnwyddwyr yr eh￿ell at ddibenion Deddf CwmnTau 2006. yn cyflwyno eu hadroddiad gyda datganiadau ariannol yr elusen ar gyfer y flwyddyn a ddaeth i ben 31 Gorffennaf 2024. Mae'r Ymddiriedolwyr wedi mabwysiadu darparkaethau Cyfrifon ac Adrodd gan Elusennau.. Datganiad o Arferion Cymeradwy sy'n 8ymwys i elusennau sy'n pardtoi eu cyfrifon yn unol a'r Safon Adroddiadau Ariannol sy'n gymwys yn y DU a Gweriniaeth Iwerddon (FRS 102) (yn weithredol I Ionawr 2015). Mae'r eluyen yn gwmrti elusennol ¢yfyngedi8 dThvy waran¢ a daeth yn elusen gofrestredig ar 17 Mawrth 2020. Maetr cwmni yn Cael el tywodraethu 8an fenwgndwm 4¢ ¢rthy818u cymdeithasu. Rhif elusen: 1188595. Rthif Cofr¢str¢dig.' 06657485. Am¢•nlon * gwelthgAreddiu Gan 8yfeirio at Erthy8lau'r GyMde1th￿ amconion yr Ymddiriedolmeth yw: Addysgu'r cyhoedd yng Nghymru yn y Celfyddydau operntlg a hybu datblygu gw¢rthf4wrogi8d a chwaeth y cyhoedd o'r ¢elfyddydau dyi¥ededig, ttivy hybu opera yn yr iaith Gymraeg. Mae am¢anion yr elus¢n at 8w¢ith8Breddau y madr elU￿rt yn ym8ymryd I nhw yn unol I'r amc8nion h￿nY er budd y cyhoedd. CYFLAWNIADAU A PHERFFORMIADAU Yn ysiody flwyddyn Arionnol Aw$t 2023- Gorffennaf2024 roedd pump maes ffocws i'r cwmni.. cwbihau'r (fi]m opern (t¢i¢l gwaith'un N05 OIA LeuadJ> perfforniiadau première opera newydd Gareth Glyn i bobl ifanc a theuluo¢dd' ¢yfre$ o weithdai y58olion cynrndd (rhwng mis lonawr a mis Mawrth 20241 y cai5 am gyllid tUO8 at y drydedd opern newydd ar rnddh fach yn y gyfres bresennol; a rhaglen i ddatblygu'r 8yniad ooperAnewyddyn seili¢di8 arh￿¢$ tri anvr P¢nyb¢ffh (Medi 1936). efo cyfres gyntaf o weithdai ysgolion uw¢hradd. Erbyn dechrau Awst 2023, roedd swalth y cwmni ar yr opera ffilm yn 8allu ailddechrau o dan reolaeth newydd (Severn Screen Lid. Prif Swyddog Gweithredol Ed Talfan). a phenodwyd Kirsien Sioddart yn Gynhyrchydd i weld y ffilm drwodd i'w cham olaf. Erbyn diwedd y flwyddyn ariannol. roedd Ystad Prichard wedi egluro ei amodau 4r gyfer rhyddhau'r ffihn, a Ilawer o'r gwaith wedi'i 8wblhau or wn¢ud newidiadau i'r deunydd pre$ennol. Roedd hyn yn cynnThy5 newid elfennau o'r libreto 8wreiddiol ac ail- recordio'r rhannau hynny gydatr ¢arttorion gwreiddiol. Digwyddi)dd y recordio yn Cinem81ic s￿di￿S. Talodd S4C arlan yrnlaen Ilaw {o*credyd treth disgwyliedig) fel y gellidsaethu bloc olaf y ffilm yn gynnar ym mi5 Mai 2024. Yn dllyn hynny, dechreuoddy 8waith arolygu'rffilm. Nid yw taliadymlaen Ilow OPRA Cymrn o dros £l6,000 ¢uag at y prosie¢tym mis Medvlfydref 2022 wedi'i ad-dalu eto. Dechreuodd y 8waith oymarfer yropern newydd Teth Bach'di Cawv ym mis Awst2023. ac ym mis Medi aeth y cynhyrchiad ar daith i ddeuddeg Ileoliad ledled Cymru. Roedd hwn yn gynhyrchiad ar raddfa fac yn addas i ffonnat chwarae Ilwyfan (fedog y cwmni. gan ymweld a Ileoliadau rnor amrywiol a phentref Llonegryn. a Galeri. Caemarfon. AMCan￿frifir bod 850 0 bobl wedi dod i weld y 510e. ae amcangyfrifjr bod o leiaf 30Vo Ot rhai a oedd yn mynychu o dan 16 oed. Roedd y c&%t yn cynnwys enwau adnabyddus fel Trystan Ll9r Grilriths a Rthys Meirion. a thalentau newydd Erin Gwyn Rossin8ton a Steffan Lloyd Owen. Bu IlThyddiant ￿ Jil opern h(Nk i bobl ifanc a theuluoedd yn hwb i Gyfarwyddwr Artistig y cwmni gomisiyrtu opera rte￿dd arnll ar gyfer yr un o gJmulltidf4 ac ar gyfer yr un adeg otr flwyddyn yn 2024. OPRA CYMRU CYFYNGEDIG Adroddi*d yr ymddlricdolvyr #m y flwyddyD ddleth I btn *r31 Gorffenn*f 21)24* parkn*￿_- Gwnaed cais ym mis lOna￿2024 am gyllid Cyngory Celfyddydau DMgat daith ar raddfa fach otr prosiect Dewydd hwn. gyda Claire Victoria Rotwts ￿ gyfaus￿ldWr. R¢Wd y cais yn Ilwyddiannus. yn 08ys(al a'r ¢ai$ am gymorth cyllid ychwane801 gan yTrddiri¢dolaethou f¢1 Ymddiri¢dola¢th Colwinston ac Ymddiriedolaetb Addys8 Thorna5 Howell (Gogl¢dd CyJnwA yn rhannol i gernO￿Tr bro￿5 gomisiynu. ac yn rhannol tuag at weithdai ysgolion ￿nTr. Daeth elfen o gyllid y comisiwn. yn thannol yn ymwneud a 8weithdaitr y5gol10￿ i gyllideb y daith. Da¢th derbyniadau swyddfa dwnnau* 8an gynnirys 8warantau trwy Gynllun N050n Allan Cyn8or y Celfyddydau a gwerthiant rhaglenni. i £9214. Cyni8iodd Cynw Gwynedd grani o £10,884 syfran &vntsf y Gronh FfyniMt Bro. Gyda'r opern ne￿dd falart Gaeaf yn cael ei 8ohirio Wi Hydref 2025. newidiLwJd y dethydd arfaetheAIi8 o* arifin hwn yn ystcrfl y fl*Y￿ £Y￿.r¢Yt1lndcb terfynol K hyn yn (bjd yn y flwyddyn wi•nnol nejaf. POLISI CRONFEYDD WRTH GEFN Mae'r Cyfarwyddwyr wedi archwill0￿ gofyniad i gadw LTonfrydd wrth gefil rhydd, sef y cronfeydd 8n8hyfyngedi8 hyimy n*1 ydyDi wedi'u 1xthjs￿i 859Jau sefydlog. wedi'u d￿0d1 i ddiben pen¢￿101 neu Wed1￿ hymrwymo fel #Tall. ae yn cadarn￿ bod y cronfi wrth gefn ddig(mrA. OPRA CYMRU CYFYNGEDIG Adroddi•d yr ywddiTiedolwyr *m y tlwyddyD ddaeth i b¢D #r 31 G(tyrff¢tttt•f 2024> p*rhaL__ STRWYTHUIL LLYWODRAETHIANf A RHEOLIETH Rtheoliryrelusen gan ei dogfen tywothadknL ei Huthyglau CymdeIdw￿ sy'n ffirfw CWTnni cyfyngedi& cyfyngedig Irwy wrni fel y'i ditTllmirgaD Ddojdf Cwrnnyau 2(￿. Mae* Cyfarwyddwyyn gyfrifol •m gymeradwyo cyllidebau a phmodi M)ff. Mae*CyfgrwyddwrArtistig yn gyfrifol am weithrediad yr Elugeo o ddydd i ddydd. Cyfrlfoidebau ymddlriedolwyr mtyrn pertbyn*s I'r d*tg•nlad#u Mae'r Ymddwiedotwyr (sydd hefyd yn Gyf8n*yddwy OPRA Cymru Cyf ￿ ddibenion cyfraith cwmnyau) yn 8yfrifol am ba￿01 Adroddtad yr Ymddiriedolwy a'r d4ani*lau ariannol yn unol a'r 8yfraith berthnasol a Safonau Cyfrifo'r Unedig (ArferI￿ Cyfrifo a Dderbynnir ￿ Gyffredinol yn y De￿n￿ Unedi8). Mae cyfraith cwmnrw yn ¢1 8wnwd yn ofynnol i ymddiri¢dolwyr dat8aniadau ariannol ar gyf¢r pob bl￿ddyn ariannol sy'n thoi darlun cyTrvir a the8 0 5¢fyllfa'r cwmni elusennol ac o'r adnoddau sy'n dtyj i mewn a'r defnydd o adnoddau. 88n 8ynnwys in￿￿n 8 gwariani y cwmni elu5ennol * gyfer hynny. ¢yth¢Jd. Wrth barntoi'r dawniadau ariannol hyiury. MX'D ofynnol i'r Ymddiriedolwyr. ddewis polisrau ¢yfrifo addas x yna eu cyinhwyx+'n gysoft. dilyn y dulliau a'r C8￿ddOritM yn y SORP Elusennau. g*Treud dyfamiadau ac amcln￿frlron th¢syrnol a doeth. paratoi'r dat8aniadw •Tiannol ar sail bU5n￿ hyfyw oni bai ei b¢xl yn amhriodol tybio y bythl y cwmni ¢lusennol yn p*hau m¢wn knrKs. Mae'r ymddirledolwyr yn 8yfrifol 4m 8&Jw ¢ofnodion cyfrifythlu ¢ywir sy'n d•t8elu 8yda thyvird¢b rhesyrnol ar unthyw ade8 sefyllfa ariannol y vwmni elusennol ac i'w galluogi i $icrhau bod y dalganiudau ariBnnol ￿ cydymffiirfio A Deddf Cwmnlau 2006. Mxnt hefyd gyfrifol gm ￿lOSe]U ￿daU'r ¢wmnl elusennol ac felly am 8ymryd ¢￿TraU rhesymol i atAI a chanfod tsryll x Afrenleiddth arnll. Cym¢[￿wywyd gan y Bwrdd Ymddiri&ilwyr •r 22 Elxill 2025 a Ilofiwdwyd •r¢i ran Ban: Ymddlri¢dohvr: P YOUNC Dyddl*d: ADRODDIAD YR ARCHWILIWR ANNIBYNNOL I YMDDIRIEDOLWYR CWMNI ELUSENNOL OPRA CYMRU CYFYNGEDIG Adroddaf t'r ymddiriedolwyr elusell arfy ar¢hwiliad o gyfrifon y cwmni am y flwyddyn yn diweddu 31 GortTennaf 2024. sydd Wed1￿ nodi ar dudalennau 6 i 13. Cyrrifoideba￿ a sall adroddi*d Fel ynddiriedolwyr elusen y cwmni {sydd hefyd yn gyfarwyddwyr y cwmni & ddiknion y gyfraith ¢wmnYau) rydyth ￿ gyfrifol ￿ baTatoi r ¢yfrifon yn unol a gofynion Deddf 2006 fDeddf 2006?. Ar ol bcrflloni fy hun nad yw'n ofynnol i ￿al archwiliad ariannol o gyfrifon y Cwmni ar gyfer y flwyddyn hon o dan Ran 16 0 Ddeddf 2006 a'i fryl yn g￿￿y5 i gael aTchwiliad annibynnol. adrfyjdaf rnewn perthynas atri harchwiliad o gyfrifon eich ¢lu5en f¢1 y'Tr Cwblhawyd o dan adran 145 0 Deddf Elusennau 2011 {Deddf2011?. Wrth ymgymryd a'm harthwiliJl dilynai5y Cyfanyyddiadau a rOdd￿d gart y Cornisiwn EIu5en[￿j o dan adran 145(5Xb) Deddf 2011. Adroddlad yr arehwltydd annibynmol Rwyf wedi cwblhau fy archwiliad. Cadarn￿f n*i oes unrhyw fa￿1￿ puthnasol wedi dod ikni sylw sy'n thoi achos i rni gredu: (l} na chafodd cofnodion cyfrifyddu ￿ cadw yn uKIl ag arkn 386 0 Ddeddf Cwmniau 2006" neu (2) nad ywtr cyfrifon yn cyfatrb a'r cofnodion hynny: n (3) nad yiv* cyfrifoD yn CydyMffirf￿ a 8ofynion cyfrifydthi rknl dan adran 396 Deddf Cwmrtiau 2006 h¢blaw un[h￿¥ ofyniad b(xl y ¢yfrifon yn rhoi dariun'gwir a theg, nad yw'n fater i'w yStyr￿d fel rhan o archwiliad annibynol. neu (4) nad ywtr cyfrifon wedi'u Fwaloi )i) unol atr SORP ElUsen￿ (FRS102) Nid oe5 unrhyw brydemn ac nid wyf wedi dod ar draws unrhyw faterion erdill mewn perthynas a'r archwili&l y dylid tynnu sylw atynt a(kodd1￿ er mwyn sicth deallThvriaeth bri(thl o cyfrif¢M. Laura Adams Cyfrifwyr SiartTedig WJ M4tthew5 a'i F4b 11-15 Stryd y Bont Caernarfon, Gwynedd LL55 IAB Dyddiad: 13. 4. 2tyJS OPRA CYMRU CYFYNGEDIG Datgantsd o weitbg*r￿dl￿ Arixnnol (gan ymgorffori Cyfrif ID¢wm a Gw#ri#nt) amyfvdojw ddaeih i beft ar31 Gorfferf2024 Ar 31 Gorfj Ar 31 Gor Cro•feydd CrnRkydd ID¢ITIII GTantiau i rh(*Jdi( 89559 90,159 123,115 Gweithgareddau elusetmol 34.713 34.713 45,669 Llog Incwm arall 30 CyfJ•LfWm 35J49 89.559 124.908 168.784 GwariaDt ar. Gwe1thga￿ddaU elu5¢nnol 84,042 95.451 246.109 Cylrfnsw 84.(H2 95.451 246.109 In¢wm l (%w2riattt) 5517 29,457 (77325) Cronfeydd ar l o Awst 2023 16.582 21.674 6203 (6303) Cronfeyihj ar 31 ' 0 Orffennaf 2024 35235 15.896 51.131 21.674 Mae'r canlyniadau uchod i gyd d¢illio o weithgareddau pathaus. Ma¢'r holl enillion a cholledion a gydnabydd1r￿I y fl￿(Wyn wedi'u ¢ynnwysuchod. Mae'rgwarged am y flwyddyn atddil*nion y Ddeddf Cwmnyau yn ¢yDnwy$ incwm net 0 £29.457. Yn 2023 'roedd W￿l#￿t 0 £77J25. OPRA CYMRU CYFYNGEDIG Monlolen ar 31 Gorff¢miof2024 2024 2023 Nodiadau Ased4u Sefydiog Asedall sefydlog diriaethol 692 1,057 Asedau Presennol Dyledw Arian parod yn y banc ac mewn Ilaw 51.629 5.168 27.557 1.562 56,797 29.119 Credydwyr: symi¢7U'n goslwngyn Ji 6.358 .502 Asedau cyfredol net 50,439 20.617 Astd8U n¢t 51,131 21.674 Crollfeydd Cmnfa anghyfyngedig Cn)nfagyfyngedig 15 Is 35235 15,896 16.582 51.131 21.674 Am y tlwyddyn a ddaeth i ben ar31 Gorff¢nnaf 2024 roedd gan y cwmni hawl i eithriad rbag archwiliad dan athan 477 Deddf Cwmnyau 2006 mewn perthynas a thwnn¥au bath. Cyfrifoldebau cyfanvyddwyr: Nid yw'r aelodau wedi ei gwneud yn ofynnol it ¢wmni gael or¢hwiliad o'i ddatganiadau ariannol am y fl￿ddyn dan sylw yn unol ag adran 476: b Ma¢'r cyfanvyddwyryn ¢ydnabod eu ¢yfrifoldebau dros gydymffijrfio agofynion y Ddeddf mewn perthynas a chofnodion Cyfrifo & ph8Moi datganiadau ariannol. Parntowyd y datganiadau ariaDnol hyn unol a'r dawiaethau sYn gymwys i 8wmnTau s￿n ddaTostyngedig i drefi) y cwmnfau bach ac yn unol 4 FRS102 'Y Safon Adrodd Ariamiol sy'n gymwys yn y DU a Gweriniaeth Iwerddon.. P YOUNG (Yjnddiried Dyddiad: 22aiD o Ebrill 2025 Rhlf ¢ofr¢s¢ru .' 06657485 OPRA CYMRU CYFYNGEDIG Daeth nodi*dau I'r datgattladau arl*nnol amy Jhvyddyn ddaeih i ben ar 31 Gorffenrf2024 PolisY#M ¢yfrlfo Sall Cyfrffo Mae'r datganiadau ariannol wediu parntoi yn unol a Chyfrifo a¢ Adrodd ggn Elusennau: Datganiad o Ymorfer a Argymhellir berthnasol i elusennau sykn pardtoi eu cyfrifon yn unol a* Safonau Adrodd Ariannol sy'n gymwys yn y DU aGweriniaeth Iwerddon (FRS102) (effeithiol o I lonawr 2015)- (Elusennau SORP (FRS102)), y Safon Adrodd Ariannol sykn berthnasol ￿ y DU a Gweriniaeth Iwerddon (FRS102) a Deddf Elus¢nn2u 2011. Mae OPBA Cymrn ￿ bodlonitr diffmiad o endid budd cyboeddus dan FBS102. Mae ased8U rhwymedigaethau ￿ cael eu cydnabod i dde¢hrau ar gost hanesyddol neu werth trafodion oni nodir fel arall yn y nodyn polisi cyfrifo petthtta801. b) Paratoi eyfrifon ar 5411 busnes hyfyw mae￿ YMddiriedol￿ o'r farn nad oes rhesymau pam na ddylid parat01￿ cyfrifon elusen o dan y darpariaethau busnes hyfyw. ststws ¢*m￿l Mae'r cwmni yn gyfyDgedig trwy w4rant. Os bydd OPRA CymnL Cyfyngedig yn dod i be￿ ar èl boddhau'r holl ddyl¢dion o rhwYMedigaetha￿ ni fydd unrhyw eiddo o gwbl yn cael ei dalu na'i ddosbarthu ymhlith aelod4u'r Cwmni. ond bydd yn cael ei Toi i sefydliad elusennol arall sydd ag aTncanion tebyg i OPRA Cymru Cyfyngedi d) Cy￿r0 eronfeydd Mae cronfeydd cyfftedinol yn gronftydd anghyfyngedig sydd ar gael defnyddio yn 01 di5gre5iwn yr ymddiriedolwyr wrth hyn¥ythJo amcanion cyfftedinol YT elu5en a¢ 5ydd heb eu dyDodi at ddibettiott eraill. Ma¢ ¢ronfeydd cyfyngedig yn gronfeydd sydd i%v de￿ydd1O yn unol a chyfyn￿daU penodol osodwyd gan roddw neu sydd wedi eu Codi gan yr elusell at ddiben penodol. Mae* gost o godi a gweillyddu ¢ronfeydd o'r fath yn cael ei godi yn etbyn y wfa benodoL Adnoddau sy'n dod I mew Mae* holl adnfyjdau tyn dod i mewn wedi'u cynnwys yn y SOFA pan fydd gan yr elusen hawl gyfreithiol i'r incwm a gellir mesur y swm gyda ¢hywirdeb thsymol. ma¢￿ grantiauti cael eu frif yn y cyfnod y It￿en nhwn ymwn¢ud a8 ef. AdTrodd#u sy'n gwarlo Maet holl wariant yn ¢ael ¢1 gyfrifo ar sail croniadau ac mae wedi cael ei ddosbarthu o dan benawdau sy'n ¢yfansymlo￿ holl gostLu syn gysylltiedig a'rcategori. Mae c05tau cynhyTchuartan yn cynnwys y costau gy5yllti¢di8 I denu incwm gwirfoddol. Moe gwariant elusennol cyijnwys y costau hytjny i'r elusen wrth ddarparn ei gweithgareddau a'i gwasanaethau i buddiolwyT> ac mae'n ¢ynnvrys y ￿$taU y gellir eu dyrannukn uniongyrchol i'r fath weithgareddau a'rcostau hynny o naturanuniongyrthol s￿n angenth¢idiol i'w cefnogi. Lle na ellirpriodoli costau yn uniotjgyrchol i benawdau penodol maent wedi'u dyrannu i weithgareddau ar sail sykn gyson A'r d¢fnydd o adnoddau. Costau Ilywodraethu yivrcostau hynny gysylltiedig a bodloni gofyrtion ¢yfansoddiadol a $tatlldol yr elusen. OPRA CYMRU CYFYNGEDIG Nodi#d*u #r y d*tg*nl*d#u irkntynol ffjnyjlydth ddaeth i ben w31 GorffenNrf2024 (Parhad) ASed*￿ sefydlog dlrlaethol a dlbrL￿llt Mae asedau sefydlog diriaethol costio mwy na £500 YD cael eu cyfalth cynnwys ar br&s CO￿ gan &vnnwys unrhyv dreuliau caffael cysylliiedig. N¢xlir asedau sefydlog ar bris cost neu bris Ilai dbl risiant cr¢)n¢dig. CyfrifirdibrisiJnt i ddileu'rgosL gwerth l]ai gweddilliol. Ilinell syth dros eu bywydau econornaidd defayddiol di5gwyliedig fel a ganlyn.. Trosiint Daw trosiant o Welthgar￿U SY￿ deilliokn gyfwn gwbl yn y DU 4 ne¢ o D￿th ar Wertb. Cronfeydd Cronfeydd Cyra￿S￿ Cyfanswjn ADghyfyng¢dig Cyfyng¢di¥ 2024 21n3 Grantiall a Rboddion Grdntiau, thoddion. anawdd Cyngor Celfyddydau Cymru 27559 62.000 28.159 62.000 32J55 90.760 89.559 90.159 123,115 Cronfeydd CroDftydd Cyf#DswJn Cyf4nsMll ADgbyfyngedig Cyfyngedig 2024 2023 Incwm o Ivuth2aredd*u elusemnol Credyd trdh theatr FfKoedd a s%vyddfa dwau Eisteddfod 24538 6.875 3JOO 24538 6.875 3.300 27.557 18.112 34,713 34.713 45.669 io OPRA CYhfRU CYFYNGEDIG Nodladau #r y d#tg#nlad•u *rl*tttsol anry Jlwyddyn ddaah i ben or 31 GorffeMrf2024 ffarhad) Cronfeydd Cronfeydd Cyf#ll5wJD Cyf*Mswm Anghyfyngedig CyfyDgedig 2(124 2023 Cost gwelthgxreddau elusennol Ffioedd Arti5tsg a Cherd(kni Teithio a Ilety Llogi Lleoliadau Ffi]mio Goleuadau a s*n Set a phropiau Gwisgoedd Costau cethogi (Ni*tyn 6) Costau Ilywodraethu (N(ty 7) 3.942 43 205 53.070 17259 2.003 57.012 17J02 2208 118.874 38J33 1596 40.000 10.785 9.134 3.536 22J51 1.5(rf> 3.138 1.742 719 6.111 3.138 1.742 719 11.530 1.800 5.419 11.409 84.042 95.451 246.109 Cronfeydd Croofeydd Cyfansvlm Cyfanswm Anthyfynged* Cyfynged* 2024 21123 CostAu ¢¢fttotl Swyddog dathtyg Hysbysebu a marthnth Ffrf posl ar￿th a d¢wrydd 1.831 Trwydd¢dau a¢ Yswiri¥nt 1.614 Amrywiol TanysgrifHdau Fftoedd storfa DI￿risIant Costau banc 4.000 1.979 4.000 3.173 1.831 1.746 160 13 120 365 10.500 7.029 2J59 1.058 30 13 997 365 132 13 120 365 5.419 11.530 22J51 Crnnf¢ydd Cronf¢ydd Cyf•Jm Cyfansw Anthyfyngedlg Cyfyngedlg 21124 21123 1.800 1.800 1.500 1.81)0 1.500 li OPRA CYMRU CYFYNGEDIG Nodiad#u ar y d*t8Ani#dau arilnnol am yflwyddyn ddaeih i ben ar 31 Gorffennaf2024 {Parhad) Tr•fodlon gydgg ymddlrledolwyr Yn ystod y flwyddyn deTbyniodd ymddiriedolwr £10,600 (2023 - £7,350) am wasanaethau A ddarpanryd ac ad4laliad o £1,180 (2023 - £2.045) am dreuliau. Asedgu Mfydlog Ojfer Cerddorol Offer Arnll Cyfansw Costne# brlsl4d Ar l Awsi 2023 Y¢hw•ne8iadau 910 916 1.826 Ar 31 Gorff¢nnaf 2024 910 916 1.826 Deppecloll•n Ar l Awst 2023 Dibrisant om y tlwyddyn 394 182 375 183 769 365 Ar 31 Gorffennaf 2024 576 558 1.134 NdBook Ar 31 G0rffCn￿f 2024 334 358 692 Ar 310orffennaf 2023 516 541 1,057 10. Dyledwyr 21124 2023 Dyled*yr eraill 51,629 27,557 51.629 27.557 12 OPRA CYMRU CYFYNGEDIG Nodladau *r y datganlldau *rSgnnol yflwyddyn ddaeih i ben ar 31 Gorff¢nnaf2024 Parhad) 11. cr¢dyd￿r. symiau n dodyn ddyledxf ofewn blwyddyn 2024 2023 Croniadau ￿ iocwm gohiriedig 6,358 8.502 6.358 8,502 12. Treth Gorfforatth Mae gan OPRA CYMN Cyfyngedig statws elusennol a¢ felly nid yw T￿ GortToth yn rnel ei chodi aml. 13. Trafodloft ydag Awdurdodau cyh0edd￿I A ph*rtYon eralll I dlddordeb 2024 Yn ystod y fl￿ddyn derbyniodd YT elusen yr in¢wm ¢anlynol: Tg Cerdd Elusen G&M Davies Cronf4 Ffyniant Gyffredin First Hydro Thomas Howell Education Fund Polly Litchfield Arts & Buslness CYMN Cultur¢ Step Panel ,900 3.000 10.884 2,125 S,ISO 1.500 3,000 14. Rheolwyr Moe'r cwmni elusennol wedi'i 8yfyn8u gan warant a¢ nid oes 8￿dd0 ￿f￿14f wfranddaliadau. Rheolir y cwmni elusennol gan yr Ymddiriedolwyr sydd hefyd yn Gyfanwyddwyr y cwmni. IS. Dat￿nI*d O'r Cronf¢ydd edau Cyfr¢dol dau Dlrlaethol Netl S¢fydlog (RhwymedlEa¢thgu) Cyfsnswm Cronfeydd Cronfeydd An¥hyfyngedi8 Cronfeydd Cyfyngedig Un N05 Ola Leuad Gwyn ap Nudd 692 34,543 35.235 2,982 12,914 2,982 12,914 Ar 31 GortTennaf 2024 692 50,439 51.131 13 OPRA CYMRU CYFYNGEDIG Nodladau ar y dat8aDl*d4u lrlannol am yJ7wyddyn ddaeih i ben ar 31 Gorffennaf2024 (Pthad) 15. Da¢%4nlad o Gronfeydd wedl parhaw.. l Awst 2023 31 Gorff 2024 Incwm Gw8rlAnt Tro$8lwyddo Cronfeydd Anghyfyngedlg Cronfa Gyffredir￿l 5.092 35,349 (11.409) 6203 35235 5,092 35,349 (11.409) 6203 35235 Cronfeydd Cyfynqedlg Un No$ Ola Leuad Peth B&¢h'di Cawr ap Nudd Cosi Fan Tutte 2.982 13.6 2.982 68.145 12.914 8.500 (82.803) 1.058 12.914 {1239) (7.261) 16.582 89.559 (84.042) (6.203) 15.896 D4t8anl4d o Gronf¢ydd y llwyddyn n•enorol l Aw•t 2022 31 Gorff 2023 Incwm GwarlAnt TrW81￿ddO Cronfeydd Anghyfyne¢dlg Cronfa GytT¢edlnol 788 59.687 (21.036) (34,347) 5,092 788 59,687 (21,036) (34,347) 5,092 CroDfeydd Cyfynged18 Cyfrinach Y Brenin Un Nos Ola Leuad Cosl Fan Tutte Peth Bath'dl Cawr 51,066 47,145 4,597 10,000 80.900 13.600 (61,319) (54,163) (109.591) 5,656 2,982 28,691 13,600 98211 109.097 (225.073) 34.347 16.582 Mae 8ronf4 Cronfeydd Cyffredinol wrth G¢fn yn cynrychioli arian rhydd yr eluseni sydd ddim wedi'i ddynodi at ddiben penodol. Mae CroDfeydd Cyfyngedig wedi eu 5efydlu fel a gan1￿￿. Un Nos Ola L£uad- Mae grant o £IOO,000 wedi'i ddyfarnu ar gyfery prosie¢t hwn gan Gyngor Celfyddydau Cymrn. Peth Bach 'di Cawr- Derbyniwyd nawdd a ¢homisiwn yn ys¢od y flwyddyn i ari8nnu'r daith Peth Bxh 'di Cawr 4 delthiodd ar drnws Cymrn yn Hydref 2023. Gwyn ap Nudd- Fe fydd y 8tJniiau a'rnawdd a ddetyiwyd yn arionnu'r daith yn Hydref 2025. 14 OPRA CYMRU CYFYNGEDIG Nodiadiu ar y dat%*Di*dau *rl•pnol dm yJ7Mydtyn ddoah i ben ar 31 Gorffenrf2024 (Prlw 1+1 Fl*yr*ll cymknrol y flwyddyn naenorol Argyfer y d*l8anlad*u •rlAnllol Ar 31 Gorfl Ar 31 Gor 2022 Cronfrydd Cronfrydd IDcwin Grantiau a rhoddion 14.018 109.097 123.115 179203 Gweith8areddau elusennol 45,669 45,669 1,180 59.687 109.097 168.784 180J83 GwArlAnt ar: Gweith8areddau elusennol 21,036 225,073 246,109 89,580 21,036 225.073 246,109 89,580 Inewm ne¢ l (gwArlaot) 38,651 (115,976) 177J25) 90,803 Cronf¢ydd ￿ irfo Awst2022 788 98211 98,999 8,196 134,347) 34J47 Cmfeydd ar311il o Orffennaf 2023 16J82 21.674 98.999 15 OPRA CYMRU CYFYNGEDIG (A Company limited by guarantee) Finintlil StAtem¢nts for the Year Ended 3111 July 2024 Charity Number: 1188595 Company Number: 06657485 OPRA CYP*fRU CYFYNGEDIG Contents PA%e Report of the trustees sheet Notes forniing part of the fLwcial stateM￿ts 8-15 OPRA CYPARU CYFYNGEDIG TRusfELS CatriD Anne Alun Elin Hywel (resigned f Mard12024) Tomos Emyr Lewis (resigned 2 Novem1￿ 2023) Iwan Morgan Cbrstopher Ridler Patrick Young Roger Young (rtsigned 18• Awil 2024) Rosalilld fjxbson (appointed 20th May 2024) Daniel Evans {appointoJ 20th May 2024) BEGtsfERED OFFICE Llech Roow Cwm Cyn Ffestiniog LL414PY N*West 34 High Street Pwllheli Gwynedd LL53 SWY W J a'i Fab 11-15 Y Bonl Bridd Gw￿edd LL55 IAB OPRA CYMRU CYFYNGEDIG Report of the trllstees for the yur ended 31A July 2024 The who are also dtrectors of the charity for the puw of the Companies A¢u submi¢ their onnuai report and the unaudited financial statements for th¢yMr ¢nded 31 Juty 2024. The financial stat¢m¢nts ¢omply with the CharitiesAct2011. the Companies Act 2006 and the Ststement of R¢¢ommended Pr#￿1¢¢ (SORP) "Accounting and Rewting by Charitie5" applicable to charities pr¢parin8 thetr a¢¢ounts in a¢¢ordance with the Financial Repcrting Standard applicable in the UK #nd Republi¢ of Ireland IFRS 102) (effedive l January 2015). The charity is a ¢haritsble company limii¢d by gurntee became a registered charity OD 17 Marth 2020. The company is 8ov¢med by • muDoroJ)dum anicks of association. Charity Numl)er. 1188595. Registered Number. 06657485. oWE￿IVEs AND AcfiviTILS With reference ￿ the Articles of Ass￿1￿10￿ the objects of the Thu¢ I￿. To educate the public in Wales in the op￿1¢ arts and io fiuth¢rth¢ Ikv¢I￿¢nt of public appreciation and thste for the said art4 thr￿8h the promotion of (yern in th¢ W¢lth Imgu￿¢. The objectives of the charity and the I￿1¥1¢)eS thatare undeth by the¢harity iti putsuance of thos¢ objectivesare forpublic benefit. ACHIEVEMENTS AND PERFORMANCE During the fman¢ial year Au8uM 2023 - Juty 2024 there were five are￿ of focus for the comp￿Y'. the completion of the opera film (wo￿1n$ tiile'un Nos Ola Lwad.). the wemière perfornwices of Gareth Glyn's new opera foryoung people and families. aseri¢s of primary %hooh' workshopsbetween January and March 2024: the application for fundingwwwds the third new small-scale opera in the current series; and & prograrnme to develop the idea of a new based on the sw of the three heroe5 of PenybeTth (Septemlxr 1936k with the fllst series of ￿ s¢hoc•b' worksho By the start of Au8USt 2023. the company'5 WO￿ on the film¢d op¢r• was able ￿ resume under new mana8ement (Severn Scrttn Ltd. CEO Ed Talfanx and Kirsten Stoddffi was appointed Prnducer to see th¢ film through to its fllml phase. By the end of the fmancial yegx. the Pri¢hgrd Estate had cl8rified its ¢onditioM forth¢rtlease of the film. and much of the work completsj on making ¢hanges tothe existing material. This included alwiTr8 elements of the origina] lil>rettO l￿d rtrre¢ording those pwts with the original singen. The re¢ordings tL*)k place at cinen￿lic Studi05. S4C advanced money (from the expected tsx ¢redil) so the fthal block of the film could be shot in eaTly May 2024. Following thaL work began on the editing of the film. The OPRA Cymru &lvance of over £16,000 toward8 the proje¢t ' seNeMberlO¢to￿ 2022 is y¢¢ to be rtyai The new opera'Peth Bach'di Cawr. went into rehear￿1 in Augu#2023. and in Septemberthe production w*% touyed io twelve venues across Wal¢& This wa5 a small.s¢41¢ pr(thction. suited to the cOmp￿Y'S apron-stage playing forn]al and ViSi¢ing v¢mi¢s ¥$ diverse as the village in Llanegryn. and Galeri in Caemarfon. An estimated 850 wpl¢ ¢am¢io see the Show. and it is estimated thBt at least 5￿ of those attending were under 16 year5 of age. The ¢•st in¢luded well-knowD name5such as Trystsn Llgr Griffiths and Rhys meir1￿ and rising tslents Erin Gwyn Rossingwn and Steffan Lloyd Owen. Th¢ su¢¢ess of this second opera for y¢)ung people al￿ families encowaged the Artistic DI[￿tor at the ¢tsmp8ny ¢0 commission another new Ly• for the same kind of audietKe, and for the 5am¢ tim¢ of y¢ar in 2024. OPRA CYMRU CYFYNGEDIG Report of the trustees for the year eThd￿ 31 July 2024, ¢ontinued.........- An application was made in January for Arts Council funding towards the small-5cale lour of this new project. with Claire Viclori4 Ro￿￿rts as composer. The applicaiion was successful. as was the application for addiiional fvndin8 support from irusts such as ihe Colwin51on Trust and the Thoma5 Howell's Education Trusi (North Wales), in pan io support ihe ¢ommissioning pr￿¢$$. and in part ¢owards planned primary schoo15' workshops. By April 2024, il was ¢l¢Èr. however, Ihai this project would ne¢d more lime. and since li is relevant to Calan Gaeaf (Halloween), it was decided, with ihe agreemeni of principal funder Arts Council of Wale5, 10 postpone The première until O¢tober 2025. The company received 'levelling up. funding from Gwynethj Council io devel¢)p Ihe idea of a new opera on the story of Penyberth. and ihe burnin8 of the Bombing Sthool th¢r¢ in Sept¢mb¢r 1936. A series of workshops for secondary school pupils was designed and ioured in ¢he Summer io six ￿h0O15 in Gwynedd. These work5hop5 were intended io inspire pypil$ of year 9 from a variery of perspeciives.. historical, theatri¢al, musical. and of ¢ourse ihat of th¢ W¢l$h lan8ua8e. In MaTch 2023. the company had 5ubmill¢d an appli¢o1ion for r¢v¢nu¢ fundin8 from the Ans Council of Wale5'. the appli¢otion was turned down in Sepi¢mber 2023. No 8reai surprise, Ihough what was surprisin8 was that Mid Wales Opern losi their rtvenu¢ fundin& and Welsh National Opera had swingeing Cuts imposed on them. The ¢limaie for opern in Wales (0$ in ihe resi of ih¢ UK) had chan8ed. In a sepa¢¥te dev¢lopmenl. Communiry Enga8ernent Officer Huw Ynyr left the ¢ompfjny to WOTk for the Arts Council (part time). and liven the uncertainty over the wmp4ny's fulur¢ fundin& ¢h¢ posi hos r¢mained unfilled since then. FUNDING SOURCES The four of 'Peth Bach 'di Cawr. was ¢ore.funded by the Arts Council of Wales (£49,0(￿), wilh additional income from ihe Gwynedd Lev¢llin8 Up Fund (£6535}. local sponsor Firs( Hydro (£2125), An5 & Business (£3000), and Cerdd (£19CKI). An element of the Commission fvndin8. in port r¢latin8 to the schoo15' workshops was broughi into the tour budgei. Box offi¢e receipts, irt¢luding guaraniees Ihrou8h the Art5 Council's Night Oui Scheme and progrdmrne sales, came 10 £9,214. Gwynedd Council offered u 8rant through ihe irnnche of the Levelling Up Fund of £10,884. With Ihe p051ponement of the new'calan Gaeaf opera tooctober 2025, Ihe planned use of these fund5 altered through the course of the yew. wilh final a8r¢emeni ort this not reached uniil in the nexi finan¢ial year. RESERVES POLICY The Dire¢torn have exwnined the rffjuirement ￿ rethin f￿¢ Teserbts which are ihos¢ unrestricted funds noi invested in fixed assets, designated to a 5pecifi¢ purFK>se or oiherwise committed, and ¢onfinn that OPRA CYMN hav¢ sU￿1t1eftI fvnds. STRu￿uRE. GOVERTr4ANCE AND MANAGEMENT The chariiy is conirolled by its governing documenL its Articles of Associaiion. which constitutes a limiied company, limiied by guaraniee, as defined by the Companies Act 2006. The Directors are responsible for approving budgets and ihe appointment of sthff. The Art15tbC Director is responsible for ihe day-l(Hlay operation of ihe Charity. OPRA CYMRU CYFYNGEDIG Report of th¢ tru5tvs for tht ye*r ended 31 Juty 2024. 0)ntinue TTUSttts r¢sponslbilities ID relltlon to the fth*th¢l•l Itste￿ents Charity law requi￿ the trustees to pryare sthtanents that give a tNe and fair view of the sta of affairs of the charity and of its income and exp¢rtdinr¢ for the financtAI year. Jn doing N the In are required io: gele¢t suitable accounting policies and apply them ¢onsist¢ntty make judg¢ments artd estimates that are rea50￿ble and prudent ensure applicable a¢counting sMidards and ststements of recommended prn¢tiee have been followe4 subject to any deparkn dT5clowJ and explained irt the financial statements: and prepaye the accounts on a80ingconcern btsis unkss il is inappropriiie to pr¢sume that the charity will continue in operation. The trustt¢s rtsponsible for maifttsinin8 Ffft)PU XCOWltin8 Tttords which dis¢lose with r¢oson8ble uraey at arty lime the f￿ancIal position of the charity and to enablt them io ensu￿ the accounts omply withth¢ Companies Act2006. They are dso resp)nsible forsaftguarding the assets of the chBrity •nd h¢n¢¢ for tskin8 reasonable sieps for the prevention and detecti￿) of fraud and other irregularities. Appmed by the boud of OD Awil 22nd 2025 and Si￿d M its beh￿f by: Trnst¢¢: P YOUNG D•t¢: 22•1 ApYS1 Illls INDEPEfwENT EXAMINER'S REPORT TO THE TRUSTEES OF OPRA CYMRU CYFYNGEDIG CHARITABLE COMPANY I rem to the charity trustees on my examination of the accounts of the company for the year ended 31 July 2024. whi¢h ore se¢ out ott pages 6 to 13. Rupoll5ibilities and b4$is of report As the clwity's trustees of the company (who aTe also the directors of the ¢ompany for th¢ purposes of company law)you areresponskjle fortheiryaration ofthe accounts in accordancewiththe rffjuirements of the Companies Act 2(XJ6 ('the 2006 Art.). Having satisfied myself that the accounts of the company are n(* requir￿1 to be audited for this year under Part 16 of the 2006 Ad and are eligible for llKkF¢ndeni ¢xamin*icffi. I report in respect of my examination of your thaTity's accounts as ¢arrI￿ out under sethion 145 of the Clwiiies Act 2011 (the .2011 Act,). In wing out my examination I have ft*llow¢d the Ditedions given by the Charity Commission under section 145(5Xb) of the2011 ACL IndepÈndettt exxmltyer's report I have ¢ompleted my examination. I coth that no ￿￿erIal matters have come to my attention which gives me ¢aus¢ io believe that (1) 4¢¢ouniing Ye¢ords w￿¢ keN ID of the company as required ty section 386 of the 2006 A¢L or 12) the a¢¢ounts do DQt accord with such rec(￿. or (3) the accounts do not comply with the Televant a¢¢oUn￿g requirements under section 396 of the Companies A¢t 21)06 otherthan any Nuir¢ment that the a¢¢ounts give a'tsu¢ ¥nd fair, view which (4) the a¢¢ounts have not Fryared in accordance with the Chariiies SORP IFRS102) att￿tion should be &awn in this report ID order to enable a proper u[NIe￿dillg of the accounts to be L#Mn Adam$ WJ Matthew5 & So Chartered Accountants 11-IS Bridge Street Caernarfon. Gwynedd LLSS IAB Dat¢". S. 4. 2D3S OPRA CYMRU CYFYNGEDIG Statement of Flnanclal Activities {Ineorporating A Th Income and Expenditure Account) Jur iheyear ended31 Juty 2024 Asat 31 July 2024 Asat 31 July 2023 Unre$tricted Restrleted Funds Funds Note5 Income Grants and donarions 89,559 90,159 123,115 Charitable activities 34,713 34,713 45,669 Interest Oiher incorne 30 30 Tolql 35.349 89.559 124,908 168,784 Expenditure on: Charilable activities 11.409 84.042 95.451 246,109 Tolal 11,409 84,042 95,451 246,109 N¢1 income l (expendit￿re) 23,940 5,517 29,457 {77.325) Funds at l August 2023 5,092 16,582 21,674 98.999 Transfers 6.203 (6,2031 Funds at 31 July 2024 35,235 15,896 21,674 All of the above resulrs are derived from continuing activiiies. All gains and losses reeogni5ed in the year ar¢ in¢lud¢d above. The surplu5 for the year for Companies Aci purposes comprises net in¢om¢ of £29.457. In 2023 rhere was a n¢t ¢xpenditur¢ of £77,325. OPRA CYMRU CYFYNGEDIG B¢Tlatt¢eShed ￿ at 31 Juty 2024 2024 2023 Notes Fixed Assets Tangible fixed assets 692 1.057 Current Assets Debtors Cash at bank and in haAd Jo 51.629 5.168 27,557 1.562 56,797 29,119 Credltors: dmownisfalllng due Wiihln oneyear 6.358 8.502 Net eurrent usets 50,439 20.617 Net ajsets 51.131 21.674 Fund$ Genero1 unr¢stri¢ted fvnd Restri¢wd fvnd 35,235 15,896 5,092 16.582 51.131 21,674 For the year ending 31 July 2024 the company was entiiled io exemption from audit under %¢tion 477 of the Companies Act 2006 relatin8 to small companies. Directors. responsibilities.. . The members have not required the comp#ny to obtain an audit of its financlal staiements for the ye in queslion in I¢￿rdance with s¢¢tion 476., . The directors acknowled8e their responsibilities for complying with the requlTements of the Act wlth respect to ac¢ouAtin8 records and the preparntion of fuwi¢iAi sta¢¢m¢nts. These financial statements have been prepared in a¢¢ordance with the provisions applicableto ¢ompanies subject to the small companies, regitne and in a¢¢ordan¢e with FRS102 'The Financial Reporting Stsndard applicable in the UK and Republic of Ireland,. P YOUNG ￿ruste¢) D•ts: 22 Aprll 202S Regtstrntlon Number: 06657485 OPRA CYMRU CYFYNGEDIG Note5 to the st*tementsforil*y¢w ended31 July2024 Artounthig polleies B￿lS ofAeeounthig The fmancial 5tht¢m¢rtts have beM prepared in accordance with Accounting and ReFrt)rting by Charities: Ststement of Re¢ommended Praaice applicable to charities prepuring their a¢¢ounts in accordance with the Finan¢iai R¢wJrtingStsndard applicable in the UK and Republic of Ireland (FRS102) (effective l January 2015) - (Chariiies SOBP (FRS102)). the Financial Reporting Standard appIl￿ble in the UK and Republic of Ireland (FRS102) and the Charitie5 Act 2011. OPRA CYMTU m¢¢L8 th¢ defmition of a public benefit entity under FRS102. Assets and liabilities are iniiiolfy recogntsed at historic cost or transaction value unless othttwisestated in the relevant a¢¢ounting policy note. b) Prepar*tloD •f Accounts on * going Concern b￿ts The Trusttts are of the opinion that th¢rt are no re•sot)s why the dwity JKounts should not be prepared under the goin8 conrxrn provisions. Cornp8lly Status The company is limited by 8UaTanie¢. Ifupon th¢winditig up of OPRA Cymrn Cyfyn8edi& there Temains after th¢ ￿tI$fI£ll0n of all debts and liabiliti￿ any Prop￿ whatsoever the same shall noi be paid io c¢distriby*d amon8 the members of the Company. but shall be given to some other Charitable inmityiion havtn8 similarobie¢ts to OPRA Cymrn Cyfyng&ai& d) Fund itt•untlni General funds ￿ unresffid¢d funds which are available for uk at the discretion of the trusieeg in furtheran¢e of the 8•wal objectives of the charity and which hive not been desigll4t¢d for other PLupoJes. Restrided funds are funds whi¢h are w be used in rKcLYdknce with spe¢ific rutri¢t1o￿ imposed by donors ¢x whi¢h hAVe r•ised by the charity for a pwticular purpose. The cost of raising In¢omlDg re￿￿re¢S All in¢omin8 r¢sourcesare included inthe SOFA when the ¢hwity is Iwlly entitled to the incoffle and the amount ¢an b¢ quantifKd with reuonable acujracy. Grnnts are a¢¢(￿lted for in the periol to whicb they relate. Resour£¢s expended All expenditure is Jc¢oiirtted for on an accruals basis and has been Cl￿91&￿ under headings that a88regate all costs r¢l*edtoth¢ utegory. Costs of 8eneratin8 funds comprise the costs asg0¢iated with attracting volunthry income. Charitsble expenditure cornwises those costs in¢utred by the charity in the d¢livery of its activities and servic¢s for benefi¢iaries. and in¢lud¢s both costs that ¢an be ailoeated directly to such activities and thos¢ cos¢S of ￿ irtdireet nAture necessary ts) support them. Where costs cannot k directly thibU￿1 to pArtitular headings they have been allocated to activiiies on a b&8iS CODSiStenl with the us¢ of resources. Governance costs are those ¢0sts oss0¢iated with meetin8 the ConAl￿tiO1￿1 and swutory reqll1￿ents of the charity. OPRA CYMRU CYFYNGEDIC Nots¥ to the fiDaBcl*l statemeotsfor theiY4w ended31 July 2024 (Continued) Tanglbk fixed *ssets and depreeiitiDn Tangible fixed assets costing moTe than £51)0 are capithlised and included at ¢OSi irt¢ludll)g ony in¢idertthl expenses of acquisition. Fixed assets are sta￿d at Cost or valuation les$ 4¢¢umuloi¢d d¢prttiAtion. tkw¢ciation is caku]4i¢d to Wri￿ off the cosL less residual value. on a straighi-line basis overtheir expected useful ¢¢onomie lives os follows: Equipment Turnover Turnover is derived from ordinary activitie4 derived wholty in the UK and net of Value Added Tax. Unrestrl¢led Rutrlcted Funth Tothl 2024 Total 2023 Gr•Dts IDd Donltlts Grants. d(#wion4 and w￿rshipS Art5 Coun¢il of Wales 27J59 62.OlXI 28,159 62,C(KJ 32J55 90.760 89,559 90.159 123.115 Unrestrlcted Rts¢rleted Fund• Fun Total 2024 Totll 2023 ltt¢•me from Ch•r11*b￿ •¢tfvltle• Theatre Tax Relief Fees & box office EisiethlfTr 24.538 6.875 3JOO 24.538 6.875 3.300 27,557 18.112 34.713 34,713 45.669 io OPRA CYMRU CYFYNGEDIG Notes to the f￿A￿et11 ststernentsfor ¢he￿￿ ended31 J¥ty 2024 (Continued) Total 2•23 Funds Funds 2024 Cost of CkaritAbl¢ •¢tiviti¢s Artisti¢ & Music Fees TTavel and a¢cottthiodation Venue Hire Fi]ming Lighting and sound Set and props 3.942 43 53.070 17259 57,012 17,302 2208 118.874 38J33 1.596 40.000 10.785 9.134 3J36 22.351 1.500 3,138 1,742 719 6.111 3.138 .742 719 11.530 1.800 Support costs INote 6) Govenwic¢ costs (Note 7) 5.419 1.800 11.410 84.041 95,451 246.109 Tot•1 2024 Total 21n3 Funds Funds Support Costs Development officer Advertising and marketing Telephon4 posi Ixinting and statiotw 1.831 1.614 160 13 120 365 122 4.1100 1.979 10.500 7.029 2J59 1.058 30 13 3.173 1.831 1.746 132 Sundry SubscriWioDs Sthrnge ftts Depreci*ion Bank charges 13 120 365 365 5.419 11.530 22,531 Unrutri¢tcd Re5tri¢ted FuDds ds TotAI 2024 TotAI 2023 Governance Accountsncy fees 1.800 1.8(10 1.5 1.800 1.8fA) OPRA CYMRU CYFYNGEDIG Notes to the financi¥41 statementsfor the￿ar ended31 W 2024 (Conlinued) Trnllsaetions Wjth trust¢e5 Duringth¢y¢ar a trust¢e r¢c¢ived £10.600 (2023 - £7.350) for services provided and arepayment of £1.180 (2023 - £2.045) for expenses incurred. Flxed assets Muslc41 Equlpmenl her Eqmipmeni T•141 CO￿•T valuorfon At l August 2023 Addition5 910 916 1.826 At 31 July 2024 910 916 E.826 Depreclllilon At l August 2023 Charge for the year 394 182 375 183 769 365 At 31 July 2024 576 558 1.134 N¢lB¢)ok Ydlu¢ At 31 July 2024 334 358 692 At 31 July 2023 516 541 1.057 10. Debtors 2024 21J23 Other debtor5 51,629 27,557 51.629 27.557 l2 OPRA CYMRU CYFYNGEDIC Notes to the finAn¢ial Stats￿tntsf0r theyéar ended3J 2024 (Conllnued) ii. Creditors: amountsfolling due wlihln onéyear 2024 21n3 Accruals and deferred income 6,358 8.502 6,358 8,502 11 Corporation Tax OPRA Cymru Cyfyngedig h&s charitable staths and as such is not chargeable under Corporation Tax. 13. Transactlons with Public Authoritiu and other interested p*rtles 2024 During the year the charity received the following income: Tg Cerdd G&M Davies Charity Cyngor Gwynedd First Hydro Thomas Howell Education Fund Polly Litchfield Arts & Business Cymru Culture Step Panel 1,900 3.000 10,884 2.125 5.150 1.500 3.000 14. Colltrolllng Party Th¢ Charitable company is limited by guarantee and has no share capitsl. The Clwitable c(Mnpany is controlled by the Trustees who are also the company's Directors. l& Ststsment of Funds Net Current Assetsl (Llabilities) T*nglble Flxed Total Funds Unrestricted Funds R¢$tricted Funds.. Un Nos Ola Leuad Gwyn ap Nudd 692 34.543 35235 2.982 12.914 2,982 12.914 At 31 July 2024 692 50.439 51.131 13 OPRA CYMRU CYFYNGEDIG Notes to th¢ ststementsfor iheyedr ended31 Jufy2024 (Corfin 15. Statemettt of Funds eoDtiDued... l August 2023 31 July 2024 Imeome Expendithre Trnnsfer Unrestri¢ted Funds Genernt Reserve 35,349 (11.409) 6203 35235 5.092 35J49 (11.409) 6203 35235 Rotrleted Fllods Un Nos Ola Leuad Peth Bach 'di C4wr Gwyn Ap Nudd Cosi Fan Tutte 2.982 13,600 2.982 68,145 12.914 8.500 (81803) 1.058 12.914 (1239) (7261) 16.582 89.559 (84.042) (6203) 15,896 stst¢meDt otFllnds- previou5 ye•r 31 J￿lY 2023 20n income ExpeDdithr¢ Transfer UDrestrfeted Funds Genernl Reserve 788 59.687 (21,036) (34J47) 5.092 788 59.687 121.036) {34J47) 5.092 Restrkted Funds Cyfrinach Y Brenin Un N05 Ola Cosl Fan Tutte Peth Bach'di Cawr 51.066 47,145 4.597 10,0 80.9 13,6 (61 J19) (54.163) (109591) 5.656 2.982 28,691 13,600 98211 109.097 (225.073) 34J47 16.582 The General Reserve fund r¢weswts the free funds of the chatity. whieh are not designated for a particular purpos¢. Restri¢ted Funds have been established as follows: Un Nos Ola Leuad- A GTant of £IOO.01)O h&% been awarded for this proj¢¢t from the Art% Council Wal Cosl Fan Tutte-Thegrdnts andSP￿1PsTe¢eIWedfuttded theCos1 FanTutteopern which toured Wales in May 2023. Peth Bacb 'di Cawr- The grants and S￿￿1P$ received funded the P¢th B#¢h di Cawr Opfd which toured Wales ID October 2023. Gwyn ap Nudd- Th¢ ￿ and 4wrships received will fund the tour in October 2025. 14 OPRA CYMRU CYFYNGEDIG Note5 to the finaTr¢i41 $tstsmentsfor the￿ar ended31 2024 (Conlinued) 16. Prloryear comparative fwir¢s for tbe fin*n¢i41 $t*tsmeDts ststem¢mt ofFtDaDclal Actlvitie5 for iheyear ended31 July 2023 Asat 31 July 2023 As#t 31 Juty 2022 Unrestricted Restrletsd Funds Funds Note5 Income Grants Bnd donations 14.018 109.097 123.115 179.203 Charitable activities 45.669 45.669 1.180 Tolal 59.687 109,097 168.784 180.383 Expendltllre 011: Charitable activities 21.036 225,073 246.109 89.580 Tolal 21,036 225.073 246.109 89580 Ne¢ ill¢ome l (expeDditure) 38,651 (115.976) (77.325) 90,803 Funds at l Au8USt 2022 788 98211 98.999 8,196 Transfers (34.347) 34,347 Funds at 31 July 2023 5,092 16,582 21.674 98,999 15