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

## **Trustee’s Annual Report and Financial Statements For the Year Ended 5 April 2024** 

**Charity Number: 1189255** 

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## **Opera’r Ddraig** 

- (A Charitable Incorporated Organisation) 

**Financial Statements For the Year Ended 5 April 2024** 

|**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** 

Naomi Cummings 

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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, Opera’r Ddraig completed work on the ‘Bhekizizwe Tour, after which, Artistic Director/Producer/Administrator, Jana Holesworth, was on maternity leave. As the CIO functions on a project-by-project basis, all of which are developed and delivered by Mrs. Holesworth, the company didn’t undertake any further work until Mrs. Holesworth’s return. Upon her return, Mrs. Holesworth completed a largescale, company development grant which will aim to ensure Opera’r Ddraig is a more sustainable and accessible CIO. 

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**Statement of Financial** 


## **Activities** 

## **Financial Review** 

At the end of the financial year, ending 5 April 2024, after all payments, Opera’r Ddraig carried over a profit of **£18.38.** Opera’r Ddraig received no income this year, and any expenses were paid from the funds carried forward from the previous financial year (£4,160.73). 

## **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 2024) Opera’r Ddraig received no income, as no grants were sourced and no performances were facilitated. 

## **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** 

Naomi Cummings was appointed as the CIO’s independent examiner for the financial year ending 5 April 2024. Mrs. Cummings 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 2023**|**Statement of Financial Position as at 5 April 2023**|
|---|---|
|**Funds Carried Over from Previous Financial Year**||
|Lloyd’s Bank Balance as of 06/04/2023|**£4160.73**|
|**Incoming Funds**||
||£0.00|
|**TOTAL INCOMING FUNDS**|**£0.00**|
|**TOTAL FUNDS**|**£4,160.73**|
|**Resources Expended**||
|Freelance Staf Fees (Bhekizizwe)|£2,800.00|
|Production Specifc Costs<br>(Props, Set, Costume, Insurance, PPE, Marketing)|£1,342.37|
|**TOTAL RESOURCES EXPENDED**|**£4,142.37**|
|**TOTAL FUNDS CARRIED FORWARD**|**£18.36**|



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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:**|06/04/2024|**Date:**|06/04/2024|



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||**Charity Name**|**Charity Name**|**Charity Name**|**Charity Name**|**Charity Name**|**No (if any)**|**No (if any)**||
|---|---|---|---|---|---|---|---|---|
||**Opera’r Ddraig**|||||**1189255**|||
||**Receipts andpayments accounts**||||||||
||**For the period**<br>**from**||**Period start date**||**To**||**Period end date**||
||||**April 6th, 2023**||||**April 5th, 2024**||
||||||||||
|**Section A Receipts and payments**|||||||||
||**Unrestricted**<br>**funds**||**Restricted funds**||**Endowment**<br>**funds**||**Total funds**||
||**to the nearest      £**||**to the nearest £**||**to the nearest £**||**to the nearest £**||
|**A1 Receipts**|**- 0**||**0**||**0**||**0**||
||**- 0**||**-**||**-**||**-**||
||**- 0**||**-**||**-**||**-**||
||**- 0**||**-**||**-**||**-**||
||**- 0**||**-**||**-**||**-**||
||**- 0**||**-**||**-**||**-**||
||**- 0**||**-**||**-**||**-**||
||**- 0**||**-**||**-**||**-**||
|**_Sub total_**_(Gross income for AR) _|<br>**- 0**||**-**||**-**||**-**||
||||||||||
|**A2 Asset and investment sales,(see table).**|||||||||
||**- 0**||**- 0**||**- 0**||**-**||
||**- 0**||**- 0**||**- 0**||**-**||
|**_Sub total_**|<br>**- 0**||**- 0**||**- 0**||**-**||
||||||||||
|**_Total receipts_ **|<br>**- 0**||**- 0**||**- 0**||**-**||
||||||||||
|**A3 Payments**|||||||||
||**1,525**||**-**||**-**||**1,525**||
||**467**||**-**||**-**||**467**||
||**500**||||||500||
||**875**||**-**||**-**||**875**||
||**300**||**-**||**-**||**300**||
||**300**||**-**||**-**||**300**||
||**175**||**-**||**-**||**175**||
|**_Sub total_ **|<br>**4,142**||**-**||**-**||**4,142**||
||||||||||
|**A4 Asset and investmentpurchases,(see table)**|||||||||
||**- 0**||**- 0**||**- 0**||**-**||
||**- 0**||**- 0**||**- 0**||**-**||
|**_Sub total_ **|<br>**- 0**||**- 0**||**- 0**||**-**||
||||||||||
|**_Totalpayments_ **|<br>**4,142**||**- 0**||**- 0**||**4,142**||
||||||||||
|**_Net of receipts/(payments)_ **|**-**<br>**4,142**||**-**||**-**||**-**<br>**4,142**||
|**A5 Transfers between funds**|**- 0**||**-**||**-**||**-**||
|**A6 Cash funds lastyear end**|**3,961**||**199**||**-**||**4,160**||
|**_Cash funds thisyear end_ **|**-**<br>**181**||**199**||**-**||**18**||
||||||||||
||||||||||
|**Section B Statement of assets and liabilities**||||**at the end of the period**|||||
|**Categories**|**Details**||||**Unrestricted**<br>**funds**||**Restricted funds**||
||||||**to nearest £**||**to nearest £**||
|**B1 Cash funds**|||||**4,021**||**139**||
||||||**-**||**-**||



CCXX R1 accounts (SS) 

2024-01-26 

1 



||||||**-**||**-**||
|---|---|---|---|---|---|---|---|---|
||**_Total cash funds_**||||**-**<br>**181**||**199**||
||**(agree balances with receipts and payments**<br>**account(s))**||||**OK**||||
||||||**Unrestricted**<br>**funds**||**Restricted funds**||
||**Details**||||**to nearest £**||**to nearest £**||
|**B2 Other monetary assets**|||||**-**||**-**||
||||||**-**||**-**||
||||||**-**||**-**||
||||||**-**||**-**||
||||||**-**||**-**||
||||||**-**||**-**||
||||||||||
||**Details**||||**Fund to which asset**<br>**belongs**||**Cost (optional)**||
|**B3 Investment assets**|||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||||
||**Details**||||**Fund to which asset**<br>**belongs**||**Cost (optional)**||
|**B4 Assets retained for the charity’s own use**|||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||||
||**Details**||||**Fund to which**<br>**liability relates**||**Amount due**<br>**(optional)**||
|**B5 Liabilities**|||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||**-**||
||||||||||
|Signed by one or two trustees on behalf of all the trustees|**Signature**||||**Print Name**||||
||||||Jennifer Ruth Adams||||
||||||Trystan Francis||||
||||||||||



CCXX R2 accounts (SS) 

2024-01-26 

2 



## **CC16a** 

|||||
|---|---|---|---|
|||||
|||**Last year**||
|||**to the nearest £**||
|||0||
|||||
|||||
|||||
|||||
|||||
|||||
|||||
|||**31,632**||
|||||
|||||
|||**- 0**||
|||**- 0**||
|||**- 0**||
|||||
|||||
|||**31,632**||
|||||
|||||
|||||
|||**-**||
|||**-**||
|||||
|||**-**||
|||**-**||
|||**-**||
|||**-**||
|||**33,885**||
|||||
|||||
|||**- 0**||
|||**-**||
|||**- 0**||
|||||
|||||
|||**33,885**||
|||||
|||||
||**-**|<br>**2,253**||
|||**-**||
|||**6,413**||
|||**4,160**||
|||||
|||||
|||||
|||**Endowment**||
|||**funds**||
|||**to nearest £**||
|||**-**||
|||**-**||



CCXX R3 accounts (SS) 

2024-01-26 

3 



**OK Endowment funds to nearest £ - - - - - - Current value (optional) - - - - - Current value (optional) - - - - - - - - - When due (optional)** 


**Date of approval** 6/4/2024 6/4/2024 

CCXX R4 accounts (SS) 

2024-01-26 

4