Opera’r Ddraig (A Charitable Incorporated Organisation)
Trustee’s Annual Report and Financial Statements For the Year Ended 5 April 2025
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: 63 Castleland Street Barry Vale of Glamorgan CF63 4LL Trustees Trystan Francis Charity Trustee Jennifer Ruth Adams Charity Trustee (Chair)
Senior Management Team
Jana Holesworth Executive 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 Executive 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 was successful in their large-scale, company development grant and initial stages of planning and consultations began, in hopes of ensuring Opera’r Ddraig is a more sustainable and accessible CIO. No performance based activities were undertaken whilst this company development occurred.
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Statement of Financial
Activities
Financial Review
At the end of the financial year, ending 5 April 2025, after all payments, Opera’r Ddraig carried over £43118.38. Opera’r Ddraig had a carry over of £18.38 from the previous financial year. Opera’r Ddraig received £51,390.00 (£500 from Cardiff University, £50,400 from ACW for the company development, £490.00 in donations). There were £8,290 in expenditures, all of which was for freelance staff.
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 2025) Opera’r Ddraig received the majority of its income from a single company development grant, as well as two small donations. No performances were facilitated so no ticket sales were made.
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 2025. 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 06/04/2024 | £18.38 |
| Incoming Funds | |
| Cardif University | £500.00 |
| Company Development Grant | £50,400.00 |
| Donations | £490.00 |
| TOTAL INCOMING FUNDS | £51,390.00 |
| TOTAL FUNDS | £51,408.38 |
| Resources Expended | |
| Freelance Staf Fees | £8,290.00 |
| TOTAL RESOURCES EXPENDED | £8,290.00 |
| TOTAL FUNDS CARRIED FORWARD | £43,118.38 |
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Signed by one or two of the CIO’s Trustee’s on behalf of all the trustees
The trustees declare that they have approved the trustee’s report above.
Name:
Jennifer Ruth Adams (Chair)
Signautre:
Date:
02/02/2026
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Charity Name No (if any) Opera’r Ddraig 1189255
Receipts and payments accounts
CC16a
| For the period from |
For the period from |
Period start date April 6th, 2024 |
To | Period end date April 5th, 2025 |
|||
|---|---|---|---|---|---|---|---|
| Section A | Receipts and payments | ||||||
| Unrestricted funds |
Restricted funds |
Endowment funds |
Total funds | Last year | |||
| to the nearest | £ | to the nearest £ | to the nearest £ | to the nearest £ | to the nearest £ | ||
| A1 Receipts | |||||||
| 500 | 500 | - | |||||
| - | 220 | - | 220 | - | |||
| - | 270 | - | 270 | - | |||
| - | 25,200 | - | 25,200 | - | |||
| - | 25,200 | - | 25,200 | - | |||
Sub total(Gross income for AR) |
- | 51,390 | - | 51,390 | - | ||
| A2 Asset and investment sales, | |||||||
| (see table). | |||||||
| - | - | - | - | - | |||
| - | - | - | - | - | |||
| Sub total | - | - | - | - | - | ||
| Total receipts | - | 51,390 | - | 51,390 | - | ||
| A3 Payments | |||||||
| - | 770 | - | 770 | 1,525 | |||
| - | 2,000 | - | 2,000 | 467 | |||
| - | 1,000 | - | 1,000 | 500 | |||
| - | 220 | - | 220 | 876 | |||
| - | 700 | - | 700 | 300 | |||
| - | 500 | - | 500 | 300 | |||
| - | 250 | - | 250 | 175 | |||
| - | 350 | - | 350 | - | |||
| - | 250 | - | 250 | - | |||
| - | 250 | - | 250 | - | |||
| - | 1,000 | - | 1,000 | - | |||
| - | 1,000 | - | 1,000 | - | |||
| **Sub total ** | - | 8,290 | - | 8,290 | 4,142 | ||
| A4 Asset and investment | |||||||
| purchases, (see table) | |||||||
| - | - | - | - | ||||
| - | - | - | - | ||||
| **Sub total ** | - | - | - | - | - | ||
| Total payments | - | 8,290 | - | 8,290 | 4,142 | ||
| **Net of receipts/(payments) ** | - | 43,100 | - | 43,100 | - 4,142 | ||
| A5 Transfers between funds |
- | - | - | - | - | ||
| A6 Cash funds | last year end |
- | 18 | - | 18 | 4,161 | |
| **Cash funds this year end ** | - | 43,118 | - | 43,118 | 18 |
Section B Statement of assets and liabilities at the end of the period
| Unrestricted | Restricted | Endowment | ||||
|---|---|---|---|---|---|---|
| Categories | Details | funds | funds | funds | ||
| to nearest £ | to nearest £ | to nearest £ | ||||
| B1 | Cash funds | Funds we started the year with | 18 | - |
| Funds received in and carried over from 2024/2025 |
- | 43,100 |
- | |
|---|---|---|---|---|
| - | - |
- | ||
| Total cash funds | - | 43,118 |
- | |
| (agree balances with receipts and payments account(s)) |
OK |
OK | OK | |
| Unrestricted | Restricted | Endowment | ||
| funds | funds | funds | ||
| Details | to nearest £ | to nearest £ | to nearest £ | |
| B2 Other monetary assets | - | - |
- | |
| - | - |
- | ||
| - | - |
- | ||
| - | - |
- | ||
| - | - |
- | ||
| - | - |
- | ||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
|
| B3 Investment assets | - | - | ||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| Details | Fund to which asset belongs |
Cost (optional) | Current value (optional) |
|
| B4 Assets retained for the | - | - | ||
| charity’s own use | - | - | ||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| - | - | |||
| Fund to which | Amount due | When due | ||
| Details | liability relates | (optional) | (optional) | |
| B5 Liabilities | - | |||
| - | ||||
| - | ||||
| - | ||||
| - | ||||
| Signed by one or two trustees on behalf of all the trustees |
Signature | Print Name | Date of approval |
|
| Jennifer Ruth Adams | 02/02/2026 |
Independent Examiner's Report on the Accounts
Report to the trustees of
Opera’r Ddraig
On accounts for the year ended 5 April 2025 Charity No. 1189255 I report to the trustees on my examination of the accounts of the above charity (CIO) for the year ended 05 April 2025. Responsibilities and basis of As the charity's trustees, you are responsible for the preparation of the accounts report in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the CIO’s accounts carried out under section 145 of the 2011 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 I have completed my examination. I confirm that no material matters have come statement to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did 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.
SIGN Date: 02/02/2026 Signed: Name: Naomi Cummings Relevant Experience(s) and Company Manager - Tin Shed Theatre Company Requisite Ability: Address: 31 Blaen Y Pant Crescent Newport Gwent NP20 5QA United Kingdom Name: Naomi Cummings