The Trustees present their annual report together with the financial statements of the Oxford Opera Trust CIO: 1193079 for the period 12 January 2021 to 30 June 2022.
## **Objectives and activities**
## **a. Policies and objectives**
The main objectives of the charity are to promote public operatic performances, foster musical education in young people through the development of youth programmes and outreach.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **Achievements and performance**
a. Review of activities – Period 12 January 2021 – 30 June 2022
Oxford Opera Trust CIO started its mission at a time when the Covid19 pandemic was still having a devastating impact on society as a whole and the performing arts industry in particular.
In response to the constraints we were all living under then, Oxford Opera recruited a Director of Education and Outreach and created a hybrid (live/multimedia) workshop called “Tamino’s Adventure” aimed at primary school aged children. We were then invited by Oxford City Council to become Cultural Partners on their competitively awarded “Feeling Safe” programme.
We were commissioned to deliver those workshops around Oxfordshire as part of the Council providing both help/support and also assessing the impact of the pandemic/lockdown on the social and mental health of the county’s young children.
Oxford Opera also became a hub for the national Arts Award scheme, delivering the “Discover in a Day” award. This is an on-going offering from Oxford Opera alongside ‘Tamino’s Adventure’.
Oxford Opera were delighted to be able to return to live performance at the Oxford Playhouse Theatre in November 2021 with a fundraising concert called “A Night at the Opera – Making Magic”.
The event comprised two performances without interval, showcasing a combination of familiar tunes and lesser-known gems of the operatic repertoire performed by five outstanding professional soloists, the Oxford Opera Youth Chorus, and the Oxford Opera Orchestra under the guidance of conductor John Warner.
April 2022 saw us return to the Oxford Playhouse Theatre for our first fully staged production since March 2020 (La Bohème) with our English translation version of Mozart’s “The Magic Flute”. Three full length performances were given alongside a sold-out Family Matinee performance reduced to an hour and targeted specifically at families and young children aged between 3-8yrs. Once again the featured outstanding professional soloists, as well as the 40 strong Oxford Opera Youth Chorus, and the Oxford Opera Orchestra also comprised of professional musicians under the guidance of conductor John Warner.
The production of “The Magic Flute” was hugely popular or very well received by enthusiastic audiences. It was noticeably well attended in the context of a still tentative and cautious audience attitude noted at the time across the industry.
Our activities very unexpectedly garnered us a nomination from our MP Layla Moran for the BBC’s “Make a Difference” Awards. We were short-listed as Finalists in the ‘Together’ Category for our work with local children, accessibility, and inclusion.
## b. Fundraising activities
Funding for Oxford Opera Trust CIO comes from a mixture of private donations from loyal supporters, ticket revenue, charitable grants and grants from Oxford City Council.
The Trustees have prioritised the development of diversified sources of income so as not to be dependent on any one source or type of funds especially moving forwards.
The Trustees are motivated to develop new supporters, new grant funding and new corporate donations while continuing to nurture the Trust’s longstanding contributors.
Oxford Opera Trust CIO prides itself on having cultivated a loyal following from local subscribers; opera/theatre and concert goers and will continue to develop a sense of ownership between local supporters and the Company.
“A company for the City with the City at its Heart producing world class opera, accessibility and opportunity for everyone.”
Financial review
a. Going concern
Owing to the general uncertainties related to the ongoing impact of the pandemic, fundraising events were fewer than expected and it also meant many fundraising deadlines with trusts and foundations were passed.
The Board views the financial outcome of 2020 and 2021 as unique and expects the financial outcome of 2022 and into the future to be stable and predictable with income in excess of expenses.
After making appropriate enquiries, the Trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
2 June 2023
Cliff Ryan
Chairman of the Board of Trustees
|**Charity Name**|**No (if any)**||
|---|---|---|
|**Oxford Opera Trust CIO**|**1193079**||
|**Receipts andpayments accounts**||**CC16a**|
|**For the period**
**from**
Period start date
12/01/2021|**To**
Period end date
30/06/2022||
## **Section A Receipts and payments**
**Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest to the nearest £ to the nearest £ to the nearest £ to the nearest £ £**
## **A1 Receipts**
|Donations -grant|**1,000**||**-**||**-**||**1,000**||**-**|
|---|---|---|---|---|---|---|---|---|---|
|Donations - individual|**73,064**||**-**||**-**||**73,064**||**-**|
|Box office sales|**10,052**||**-**||**-**||**10,052**||**-**|
|Education and outreach|**4,600**||**-**||**-**||**4,600**||**-**|
|Other events|**1,400**||**-**||**-**||**1,400**||**-**|
|Fundraising|**112**||**-**||**-**||**112**||**-**|
|Interest|**2**||**-**||**-**||**2**||**-**|
||**-**||**-**||**-**||**-**||**-**|
|**_Sub total_**_(Gross income for AR)_|**90,230**||**-**||**-**||**90,230**||**-**|
|||||||||||
|**A2 Asset and investment sales, (see**
**table).**||||||||||
|||||||||||
||**-**||||||||**-**|
|**_Sub total_**|**-**||||||||**-**|
|**_Total receipts_**||||||||||
||**90,230**||||||||**-**|
## **A3 Payments**
|**A3 Payments**||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Magic Flute|**57,456**||**-**||**-**||**57,456**||**-**|
|Invoice Consultancy|**462**||**-**||**-**||**462**||**-**|
|Invoicegeneral manager|**2,000**||**-**||**-**||**2,000**||**-**|
CCXX R1 accounts (SS)
1
|Gala|**10,266**||**-**||**-**||**10,266**||**-**|
|---|---|---|---|---|---|---|---|---|---|
|Marketing|**10,330**||**-**||**-**||**10,330**||**-**|
|Education|**3,492**||**-**||**-**||**3,492**||**-**|
|Video Education|**1,190**||**-**||**-**||**1,190**||**-**|
|Office space|**1,904**||**-**||**-**||**1,904**||**-**|
|Office costs|**368**||**-**||**-**||**368**||**-**|
|Just Giving costs|**270**||**-**||**-**||**270**||**-**|
|IT website server/emails|**391**||**-**||**-**||**391**||**-**|
|Michael Pendred Award|**39**||**-**||**-**||**39**||**-**|
|Youth Chorus Scholarship|**120**||**-**||**-**||**120**||**-**|
|Insurance|**511**||**-**||**-**||**511**||**-**|
|Fundraising costs|**547**||**-**||**-**||**547**||**-**|
||||**-**||**-**||**-**||**-**|
|**_Sub total_ **|**89,347**||**-**||**-**||**89,347**||**-**|
|**A4 Asset and investment purchases, (see**
**table)**|||**-**
**-**
**-**
**-**
**-**|**-**
**-**
**-**
**-**
**-**|**-**
**-**
**-**
**-**
**-**|**-**
**-**
**-**
**-**
**-**|**-**
**-**
**-**
**89,347**
**883**|**-**
**-**
**-**
**89,347**
**883**||
|---|---|---|---|---|---|---|---|---|---|
||**-**|||||||||
||**-**|||||||||
|**_Sub total_ **|**-**||||||||**-**|
|**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**||||||||||
||||||||||**-**|
|||||||||||
||**883**||**-**||**-**||**883**||**-**|
||**-**|
|**-**|
|**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**883**||**-**||**-**||**883**||**-**|
## **Section B Statement of assets and liabilities at the end of the period**
|**Categories**|**Details**|**Unrestricted**
**funds**|**Restricted**
**funds**|**Endowment**
**funds**|
|---|---|---|---|---|
|||**to nearest £**|**to nearest £**|**to nearest £**|
CCXX R2 accounts (SS)
2
## **B1 Cash funds**
## **B2 Other monetary assets**
## **B3 Investment assets**
|||**781**||**-**||**-**|
|---|---|---|---|---|---|---|
|||**102**||**-**||**-**|
|||**-**||**-**||**-**|
|||**883**||**-**||**-**|
|||||||OK|
|||||||**Endowment**
**funds**
**to nearest £**|
|||**-**||**-**||**-**|
|||**-**||**-**||**-**|
|||**-**||**-**||**-**|
|||**-**||**-**||**-**|
|||**-**||**-**||**-**|
|||**-**||**-**||**-**|
|**Details**|**Details**|**Fund to which**
**asset belongs**|**Fund to which**
**asset belongs**|**Cost (optional)**|**Cost (optional)**|**Current value**
**(optional)**|
|---|---|---|---|---|---|---|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
|**Fund to which**
**asset belongs**|**Fund to which**
**asset belongs**|**Cost (optional)**|**Cost (optional)**|**Current value**
**(optional)**|
|---|---|---|---|---|
|||**-**||**-**|
|||**-**||**-**|
## **Details**
CCXX R3 accounts (SS)
3
## **B4 Assets retained for the charity’s own use**
## **B5 Liabilities**
Signed by one or two trustees on behalf of all the trustees
|||||**-**||**-**|
|---|---|---|---|---|---|---|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
|||||**-**||**-**|
|**Details**||**Fund to which**
**liability relates**||**Amount due**
**(optional)**||**When due**
**(optional)**|
|||||**-**|||
|||||**-**|||
|||||**-**|||
|||||**-**|||
|||||**-**|||
|Signature|Cliff Ryan
Print Name|Date of
approval|
|---|---|---|
||Cliff Ryan|02-Jun-23|
||||
CCXX R4 accounts (SS)
4
**Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
## **Report to the trustees/ members of**
## **Oxford Opera Trust CIO**
**On accounts for the** 12 January 2021 to 30 June 2022 **Charity no 1193079 period (if any)**
**Set out on pages** 1-4 of Receipts and Payments accounts
**Respective** The charity's trustees are responsible for the preparation of the accounts. **responsibilities of** The charity’s trustees consider that an audit is not required for this year **trustees and examiner** under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- • to state whether particular matters have come to my attention.
**Basis of independent** My examination was carried out in accordance with general Directions given **examiner’s statement** by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
**Independent** In connection with my examination, no material matters have come to my **examiner's statement** attention (other than that disclosed below *) which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Charities Act or
- the accounts do not accord with the accounting records
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
* _Please delete the words in the brackets if they do not apply._
**Date:** 2 June 2023
**Signed: Name:** Sheila Parry **Relevant professional** FCCA **qualification(s) or body (if any):**
1
**IER**
**December 2018**
**Address:** Peace House, Paradise Street, Oxford OX1 1LD
## **Section B Disclosure**
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
2
**IER**
**December 2018**