**Opera’r Ddraig** (A Charitable Incorporated Organisation) 

**Trustee’s Annual Report and Financial Statements For the Year Ended 5 April 2022** 

**Charity Number: 1189255** 

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## **Opera’r Ddraig** 

- (A Charitable Incorporated Organisation) 

**Financial Statements For the Year Ended 5 April 2022** 

|**Contents**|**Page**|
|---|---|
|Legal and Administrative Information|3|
|Charity Structure and Activities|4|
|Statement of Financial Activities|5|
|Statement of Financial Position|6|



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## **Legal and Administrative Information** 

## **Reference and Administrative Information** 

Charity Name: Opera’r Ddraig (A Charitable Incorporated Organisation) Registration Number: 1189255 Principal Office: 33 Eyre Street Splott Cardiff CF24 2JS **Trustees** Trystan Francis Charity Trustee Jennifer Ruth Adams Charity Trustee (Chair) 

## **Senior Management Team** 

Jana Holesworth Artistic Director/Producer/Administrator 

## **Bankers** 

Lloyds Bank 25 Gresham Street London EC2V 7HN. 

## **Independent Examiner** 

Steve Bennett 

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## **Charity Structure and Activities** 

## **Charity Structure** 

Opera’r Ddraig is a small organisation with two trustees currently appointed, both of whom were involved in the organisation prior to its Charitable Incorporated Organisation (CIO) status (it was previously a student-run organisation). These trustees were appointed due to their understanding of the company and its objectives, as well as for their skills, knowledge and experience in the operatic industry, which allows for the effective administration of the CIO. 

The CIO currently runs on a project-by-project basis, facilitated by Artistic Director/ Producer/Administrator, Jana Holesworth, who, like all other staff hired, works on a freelance, project-by-project basis. 

## **Charity Activities and Achievements** 

Opera’r Ddraig’s charitable purpose, as set out in the objects contained within the company’s Constitution, are: 

To advance education in and promote public appreciation of the art of opera for the public benefit in Wales, in particular through: 

- (a) public performance of innovative, thought-provoking and high-quality opera; 

- (b) supporting young emerging artists by developing their operatic education and encouraging performance. 

This financial year, working alongside emerging director Callie Nestleroth, audio description consultant Tafsila Khan, and librettist Becca Marriott, Opera’r Ddraig conducted a research and development period, in February 2022, of a new, integrated, audio described production of La Traviata. The two week long R&D culminated in a public showing of the work achieved, in order to gather feedback from colleagues and invited guests. 

In November 2022, Opera’r Ddraig produced a live tour of ‘Bhekizizwe’, an operatic monodrama by composer Robert Fokkens and Librettist Mkhululi Mabija. The piece starred emerging baritone Themba Mvula, was designed by emerging designer Brad Caleb Lee, and was directed by Benjamin Davis. The production toured to four different venues around Wales, with workshops and outreach conducted alongside each performance. The piece was previously recorded as a digital production which premiered as part of Gwyl 2021 with BBC Wales and Festival of Voice. 

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## **Statement of Financial Activities** 

## **Financial Review** 

At the end of the financial year, ending 5 April 2022, Opera’r Ddraig carried over a profit of **£6413** . This income consisted of funds received from ACW (£22747) as well as funds carried forward from the previous financial year (£2837). The total remaining funds remained in the Opera’r Ddraig bank account and were used to facilitate projects continuing into the 2022/2023 financial year, including a live tour of ‘Bhekizizwe’. 

## **Principal Funding Sources** 

The principal funding sources for Opera’r Ddraig are currently by way of grants, donations and ticket sale income. This financial year (ending 5 April 2022) Opera’r Ddraig’s sole source of funding income was received via prescribed grant funding from Arts Council Wales (£22747) 

## **Investment Policy** 

Aside from retaining a prudent amount in reserves each year, most of the charity’s funds are to be spent in the short term. Therefore, there are currently few funds for long-term investment. 

## **Reserves Policy** 

As Opera’r Ddraig works on a project-by-project basis, there is no official reserves policy for the CIO. However, profits made from productions are kept in reserve for future projects, in hopes of building a more substantial reserve, at which point, policy documents will be amended to include an official reserves policy. 

## **Independent Examination of Accounts** 

Steve Bennett was appointed as the CIO’s independent examiner for the financial year ending 5 April 2022. Mr. Bennett was selected in accordance to the 2011 Charities Act and is an independent person who is reasonably believed by the trustees to have the requisite ability and practical experience to carry out a competent examination of the accounts. 

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## **Statement of Financial Position as at 5 April 2021** 

|**Incoming Resources**<br>Grants and Donations (ACW)||
|---|---|
||£22747|
||**£22747**|
|**Resources Expended**<br>Freelance Staf Fees (Bhekizizwe and La Traviata R&D)<br>Production Specifc Costs<br>(Props, Set, Costume, Insurance, PPE etc.)||
||£16182|
||£2989|
||**-£19171**|
|**Funds Carried Over from Previous Financial Year**||
||**£2837**|
|||
|**Total Funds Carried Forward**|**£6413**|



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## **Approved by the CIO’s Trustee’s** 

The trustees declare that they have approved the trustee’s report above. 

|**Name:**|Jennifer Ruth Adams|**Name:**|Trystan Francis|
|---|---|---|---|
|**Signautre:**||**Signautre:**||
|**Date:**|01/01/2023|**Date:**|01/01/2023|



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||**Charity Name**|**Charity Name**|**Charity Name**|**Charity Name**|**Charity Name**|**No(if any)**|**No(if any)**||**CC16a**|
|---|---|---|---|---|---|---|---|---|---|
||**Opera’r Ddraig**|||||**1189255**||||
||**Receipts andpayments accounts**|||||||||
||**For the period**<br>**from**||Period start date||**To**||Period end date|||
||||**April 6th, 2021**||||**April 5th, 2022**|||
|||||||||||
|**Section A Receipts and payments**||||||||||
||**Unrestricted**<br>**funds**||**Restricted funds**||**Endowment**<br>**funds**||**Total funds**||**Last year**|
||**to the nearest      £**||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**|
|**A1 Receipts**||||||||||
||**- 0**||**22,747**||**-**||**22,747**||**-**|
|**_Sub total_**_(Gross income for AR) _|<br>**- 0**||**22,747**||**-**||**22,747**||**-**|
|||||||||||
|**A2 Asset and investment sales,**<br>**(see table).**||||||||||
||**- 0**||**- 0**||**- 0**||**-**||**- 0**|
|**_Sub total_**|<br>**- 0**||**- 0**||**- 0**||**-**||**- 0**|
|||||||||||
|**_Total receipts_ **|<br>**- 0**||**22,747**||**- 0**||**22,747**||**- 0**|
|||||||||||
|**A3 Payments**||||||||||
||**- 0**||**85**||**-**||**85**||**-**|
||**- 0**||**500**||**-**||**500**||**-**|
||**- 0**||**810**||**-**||**810**||**-**|
||**- 0**||**1,600**||**-**||**1,600**||**-**|
||**- 0**||**500**||**-**||**500**||**-**|
||**- 0**||**31**||**-**||**31**||**-**|
||**- 0**||**218**||**-**||**218**||**-**|
||**- 0**||**871**||**-**||**871**||**-**|
||**- 0**||**800**||**-**||**800**||**-**|
||**- 0**||**56**||**-**||**56**||**-**|
||**- 0**||**49**||**-**||**49**||**-**|
||**- 0**||**500**||**-**||**500**||**-**|
||**- 0**||**99**||**-**||**99**||**-**|
||**- 0**||**400**||**-**||**400**||**-**|
||**- 0**||**281**||**-**||**281**||**-**|
||**- 0**||**650**||**-**||**650**||**-**|
||**- 0**||**275**||**-**||**275**||**-**|
||**- 0**||**100**||**-**||**100**||**-**|
||**- 0**||**800**||**-**||**800**||**-**|
||**- 0**||**500**||**-**||**500**||**-**|
||**- 0**||**250**||**-**||**250**||**-**|
||**- 0**||**400**||**-**||**400**||**-**|
||**- 0**||**500**||**-**||**500**||**-**|
||**- 0**||**1,200**||**-**||**1,200**||**-**|
||**- 0**||**1,808**||**-**||**1,808**||**-**|
||**- 0**||**400**||**-**||**400**||**-**|
||**- 0**||**1,600**||**-**||**1,600**||**-**|
||**- 0**||**91**||**-**||**91**||**-**|
||**- 0**||**500**||**-**||**500**||**-**|
||**- 0**||**1,289**||**-**||**1,289**||**-**|
||**- 0**||**400**||**-**||**400**||**-**|
||||**500**||**-**||**500**||**-**|
||**- 0**||**500**||**-**||**500**||**-**|
||**- 0**||**109**||**-**||**109**||**-**|
||**- 0**||**500**||**-**||**500**||**-**|
|**_Sub total_ **|<br>**- 0**||**19,171**||**-**||**19,171**||**-**|
|||||||||||



CCXX R1 accounts (SS) 

2022-01-12 

1 



|**A4 Asset and investment**<br>**purchases,(see table)**||||||||||
|---|---|---|---|---|---|---|---|---|---|
||**- 0**||**- 0**||**- 0**||**-**|||
||**- 0**||**- 0**||**- 0**||**-**|||
|**_Sub total_ **|<br>**- 0**||**- 0**||**- 0**||**-**||**- 0**|
|||||||||||
|**_Totalpayments_ **|<br>**- 0**||**19,171**||**- 0**||**19,171**||**- 0**|
|||||||||||
|**_Net of receipts/(payments)_ **|<br>**- 0**||**3,576**||**-**||**3,576**||**-**|
|**A5 Transfers between funds**|**- 0**||**-**||**-**||**-**||**-**|
|**A6 Cash funds lastyear end**|**2,837**||**-**||**-**||**2,837**||**-**|
|**_Cash funds thisyear end_ **|<br>**2,837**||**3,576**||**-**||**6,413**||**-**|
|||||||||||
|||||||||||
|**Section B Statement of assets and liabilities at the end of the period**||||||||||
|**Categories**|**Details**||||**Unrestricted**<br>**funds**||**Restricted funds**||**Endowment**<br>**funds**|
||||||**to nearest £**||**to nearest £**||**to nearest £**|
|**B1 Cash funds**|||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
||**_Total cash funds_**||||||||**-**|
||(agree balances with receipts and payments<br>account(s))||||OK||||OK|
||||||**Unrestricted**<br>**funds**||**Restricted funds**||**Endowment**<br>**funds**|
||**Details**||||**to nearest £**||**to nearest £**||**to nearest £**|
|**B2 Other monetary assets**|||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
|||||||||||
||**Details**||||**Fund to which asset**<br>**belongs**||**Cost (optional)**||**Current value**<br>**(optional)**|
|**B3 Investment assets**|||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
|||||||||||
||**Details**||||**Fund to which asset**<br>**belongs**||**Cost (optional)**||**Current value**<br>**(optional)**|
|**B4 Assets retained for the**<br>**charity’s own use**|||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|



CCXX R2 accounts (SS) 

2022-01-12 

2 



||||||||**-**||**-**|
|---|---|---|---|---|---|---|---|---|---|
||||||||**-**||**-**|
||||||||**-**||**-**|
|||||||||||
||**Details**||||**Fund to which**<br>**liability relates**||**Amount due**<br>**(optional)**||**When due**<br>**(optional)**|
|**B5 Liabilities**|||||||**-**|||
||||||||**-**|||
||||||||**-**|||
||||||||**-**|||
||||||||**-**|||
|||||||||||
|Signed by one or two trustees on behalf<br>of all the trustees|Signature||||Print Name||||Date of approval|
||||||Jennifer Ruth Adams||||1/1/2023|
||||||Trystan Francis||||1/1/2023|



CCXX R3 accounts (SS) 

2022-01-12 

3