.thariolhouse.co.uk
Suste 12, Create Hub King5 House
101-135 K￿9S Rd Bren￿￿ CM14 4t%1
t +44101203 285 8￿)0
44 Grand Parade Brighton BN2 9QA
t +441011273 447 040
Chartered Accountants
+lax adviso
The D'oyly Carte Operd Twst Limited
Pennine Place 2a
Charing Cross Road
London
WC2H OHF
F.A.O. lan Marlin
Chariot House
Our Ref.. SWIDOY101
Date.. 23 October 2024
Dear lan
We are pleased to end05e 8 ¢xJpy of your accounts for the year eThJed 31 De¢embeT 2023.
Yours faith￿IlY
Sh¢>na Wardrop
For and on behalf of
Chariot House Limited
Sag¢A¢Mw•n% PuthEr
Rewed In E#glAndaDd Wales￿ theB]ithth kn knvt
kwered Numbe¥ 3255019
Alistor<￿tY5ls awlabk#¢th¢T¥*eredoffice

REGISTERED COMPANY NUMBEIL. 00682766
REGISTERED CHARITY YttWBER: 2110024
REPORT OF THE TR
TEES AND
UNAUDITED FtNLYCIAL STATEMEf4TS FOR TH.E TrTAR ENDED 31 D_ECEMBER 2f123
THE D'OYLY C.ARTE OPE.RA TRLST LIMITED
Chariot House Limited
Chartered Accountants
44 Cltand Parade
Brighto
East Suwx
BN2 9QA

THE D'OYLY CARTE
PERA TRU
CONTENTS OF THE FINANCLIL STATE￿IE￿￿Ts
FOR THE YEAR ENDED 31 DEC
MBER 2011
Page
Report of the Trustees
I to 3
Independettt Examiner's Report
Statement of FID3ncial Activities
Balance Sheet
Nots5 to the FID8￿cial Statements
Detailed Statement of Financial Adiiryties
12 to 13

THE D'OYL
CAR'TE OPE
REPORT OF THE TRUSTEE
R TH_E YEAR LNDED 31 DECEMBER 21111
The trusi¢¢S who also directors of the clwity for the p￿1}se$ of tbe CoTnpanies Act 2(K)6. present their r¢port with
the financial 51Xtemertts of the rlthritv for t￿ year ended 31 DeceTnixr 2023. Tr tN51e£s have ￿pIed ihe provision8 Or
AcCount￿g 8t￿ Re￿)rtIng by Clwi"ties". StaterTmt of Recomtnended Prdctice applicable lo charitJ¢S PFepaTing their
aLcounts in accorda￿¢ with the FitwLial RqN)rting Stsndard applicable in the UK and Republic of Ireland IFRS 102)
{effeclive l January 2019).
OBJEcfIvES ANTI AcrivrriES
Objectiyes 2nd aims
The principal activities alld objectg of the charity company aTE the pythtion of Gilbert and Sullivan and other Operds
for nationwide tOUT5 and ihe raising of fillKls to support these. The company has a music hire departmeni hiring musical
scores lo amateur ￿cl¢tIeS a￿1 edwation lffjtimtes. In addition the company sdls merchandise relating to its
PTodu¢tM)ns. 3ndm¢Tchandise is also ￿fted by way of publicity and maTketin&
P￿bI}e be￿tfit
From l April 2(X)8 section 4 of the Chariiies Ad 20(kn requires all charitie5 to meet the lega] requiremcni that its aims
are for the pllblic benefit. The Charity Commission in its -Chan"ties and Public B¢nefit" guidance states that there at¢
two kcy principles to be met in order to $l￿W that an organisation's aims ate for thc public benefit.. fJTStly theTe must bc
an identifiable b¢nefii and sc£ondly the b¢nefii must Ix to the public or a se£tioTh of the public.
The Trnstees confirni that thev have ¢omplied wjth the duty in Se¢iion 4 of the Cbariti£S Act 21M)6 to hai'e due regard io
public ben¢fJt guidancL published by the Commission in dctemiining the octivi¢ies undcrtaken by th¢ Lharity. Th
Trusiees are satisfied that the ainLS atMI objectÈves of the charity. and the activities rewrted on above to achieve those
aims. meet these principl￿.
ACHIEVEh.IENT AND PERFOILMAPICE
Charitable aCtI￿ties
2023 started wlih news of a I￿10 Lllt to fimding for the English NaiioDal Opera by the Arts Cowjcil of England.
There was a fear that this would have a'trickle4loW￿. effttt scn)ss the opera w￿[S(L D'oyly Carte fortunate ro have
coDtirtued its SUPlY)rt from its Sister charity, tyoyly C3rte Charitabl¢ Tru$4 and this allowed foT a continuation of thc
education 8nd outreach work that h2d been wcll established in pmious SP￿$. A rangc of educ￿lO￿al workshops for
children aNI y04mg athdts was planned for 2023 in col]atK)rdthon with Otm Magic (Inndon Festival Opera) aThJ
Charle5 Court Oper4 8t￿ some singers ￿"OrkshopS for young siThgeJs hoping to intrr the profession WCTC mounted
iDcluding one at the Royal College of Music. li ￿7S proposed that rtext collaEmtion with Seottish Oper4 would
Include a non-Gilbert and Sullivan oper4 and discussions Lonunetted with this in min¢L D'oyly Carte IslanLi on the
River Th8mes ¥ Weybridge, had ￿tentlY been purchawl PTivaiely. and the new owner asked D'oyly Carte Operd to
moullt a suttmier ¢0￿Cert oft the island in June. This concen ststamed live globally using a new hi-tech Dolby Atmos
sound system. Following meetings after the successfv] Hackney ErnpiTe season of The Gondoliers and Uiopi< Litnil¢
the D'oyly Carte Foundaiion (b%A) foLuth with the express pllr￿Se of proi'iding support for the D'oyly Carte
Opera Trusi. The￿ have E*£n ongoing discussions about remji and agreeing to a working framewo￿ for fLmdraising.
and these ar¢ now r&qching th¢ir Concl￿10n. We lff>k fO￿Tr￿d to TrOTking ￿ryth thern in th¢ fu¢ur¢. Discussions foi the
cotnpanvs D¢xt collabonlion with Scottish O￿a continued.
FtNANCIAL REVIEW
Flnancial t￿*SItion
All reserves ate ut]rtstricÈed fimds alld be useAI at the di￿retion of the Tn￿tte5 for the charitable objectives of the
TnL8L At 31 December 2023 the surplus of rtxryts aft￿ll￿ted to £4&159 {2022.. £36.4381.
Page I

THE D'OYLY CARTE
PERA TRUST LIMITED
REPORT
F THE TRLTsfEES
FOR THE YEAR ENDF.D 31 DECEMBER 2023
FINANCIAL REVtEw
Reserves policv
tyoyly Cane 0￿ra Tnw Limtted is eoll]lljitt￿ to having adequate teseN&% to meet its obligations.
Tbe reserves the charity has set aside provi(k financial mbiliry and allow the charity to meet its obligations as to rent,
saI￿LeS aud peDSiOn cosis should the chatity ha>e to Wind up its oterations. The intention is to maintsin rescnes at
level at least equivalent to three nx)nths' ¢K[￿d]lU￿.
The Board meets regularly atKI reviews the level of reserve5 that are required to ensure they are adequale to ￿lfIl the
continuing obligations.
STRUCTURE, GOVERNANCE AND MANAGEMENr
Governing do¢umeD¢
The charity was estsbli5hed UDder a Memorandum of Ass(Kiation w'bicb established the objeLlS and powers of the
charitable company atKI is govtrned by ArtjLles of AsgKiaiion. Under those Anicles the Tnjsiees I￿ ￿p￿Inted by the
Btsard of Trustees. The Trustccs tetire byrotation ard betng ¢lignble offer theDiselves for re*lection.
The membe]s of the comwdny are..
Mr. Paul CITiSt
Rev. Sarah Lenton
Mi. Michacl Howard Tripp
Prof. Ign Calnpbell Bradley
Each member of the con]pany ljas undert￿en to contribute £1 ￿ the compatys assets if the company should be
wound up.
The T￿tee$ are recrniied alld aptK>inied by the existmgnth of th¢ ¢omp8ny.
REFERENCE AND ADI¥IINISTRATIVE DETAILS
Registered CompkDy number
00682766 (Not stttifJeWOther)
Rtgtstered Charity number
20(X)24
Registered office
l Trafalgar Square
Northumberl8nd Avtnue
London
WC2N 5BW
Trustees
Rev S Lenton
MHTripp
Prof I C Bradlcy
P GTiSt (appointed 2713120231
Company Secretary
I S Martin
Page 2

THE D'OYLY CARTE OPERA TRUST LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR Ef4DED 31 DECE￿IBER 2D23
REFERENCE AND ADMINISTRATIVE DETAIIS
Independent ExArniner
Dr Shona F Wardrop C.A
Chariot Hou%e LiTllited
Chartered A¢¢ountants
44 Grand Parade
Brighton
East Sllssex
BN2 9QA
Bankers
Coutt5 and Co
440 The StTand
London
WC2R OQS
Solicitors
Harbottle a￿1 [￿1$
Hanover House
14 Hanover Square
London
W15 IHP
Apprtsvcd by orderof thc IKwd of trustee5 on........................................
5igThed on its Ed￿lf by".
MHTiipp-Tn
Page 3

INDEPENDENT E￿N1[NER,
REPORT TO THE TRUSTEES OF
THE D'OYLY CARTE OPERA TRUST LIMITED
Independent examiner's re￿rt to the trustees The D'O)fv Cartt Opera Trn$t Limited Cthe Cornpanv,)
I rewrt to the ¢h3rity ttUStes on my exajnanation ofthe accounts of the Con)pany for the year eTKl¢d 31 December 2023.
iiwnsibilities 8nd basls of report
As thc charl￿$ tnjsiees of the Company land also its directOf5 for the purFrtws of company lawl you are responsible for
the preparation of the a¢coMkn¢e witb the requiTeTnents of the Companies Act 20￿ ('the 21Xk6 Act'l.
Having satisfied Etryself that the accollnts of the Compat)y are TJOI ¢0 ￿ audited under Part 16 of the 2006 Act
and are eliglble for ]nd￿ndent exami[￿110￿ I rep)n in res￿ of my examination of your chari￿s accounts as carried
ollt under Section 145 of the Charities Act 2011 ('the 2011 ACVI. In canving out Eny examination I have followed the
Dir¢ctions given by the Charity Commission U￿￿r Section 145151 (b) of the ?01 I ACL
Independent examiner's sl*tement
I have completed my examination. I ctsllfllm matters have c¢)me to my atteoiion in ￿￿nectiOn with the
examination gii'ing me cause io believe..
accoUntU￿ r￿ordS were not kept in rcsrttt of the Company as required by Se£tion 386 of the 2(K)6 Act; or
the attounts do not accord with those recor(is,' or
the ac¢ourtts do not comply the accountiDg requirements of Sedion 396 of Ihe 2(X)6 Act other than any
rcquittmeni tha¢ the a￿ounts give a trne and fatr vitw w'hith is rtot a m￿ter considered as part of an independent
ekqminalton" or
the aLxounts have not bccn prqjartd in accordance Mryth the mcthcmls and pritt¢Iples of the Statement of
Recommcnded Practice for a¢￿unting and rerrf)rting by charities lapplitable to ¢harities prepaFing their accounts
in x¢ord￿ct with the FinatKi31 Rewtsng Standard applicable ID the UK and Republic of ￿13￿1 (FRS 102)).
I have no COT*er]]s and have come across no other matters in o)nnection with the examination to which attcntioTL should
be drawn this In orthr to enable a pr(w understanding of the accounts to IK reached.
Dr Shona F Wardrop C.A
chan.ot House Limited
Chartered Accountants
44 fvd Para(k
Brighton
East Sus8¢X
BN2 9QA
Datr..
Page 4

THE D'OYLY CARTE OPERA TRUST LLMITED
STATEMEYf OF F￿ANcL￿L ACTIIqTIES
FOR THE YEAR ENDED 31 DECENIBER 2023
2023
Totsl
2022
Total
fi￿d$
Unresthcred
Restricted
N￿S
INCOME AND ENDOWMENTS FROM
Donati(JTL8 and l£gaci<
51J23
20.(KKI
71 J23
95238
Charitable 4ctivitics
Chthtsbl¢ activitics
6,894
6.894
3,348
Investment i]Kome
393
393
65
T&tsi
58,610
20.IMM)
78,610
98.651
EXPENDrruRE ON
Raising fu]
3.120
3,120
3.380
Cbarltable 4Ctlvltles
Charitsble activities
45.219
18.550
63,769
131.(K)O
Totsl
48.339
18.550
66.889
134,380
NET INCO.￿(EXPENDITUREj
10.271
1.450
11.721
(35.7291
RECONCILIATION OF FUNDS
Total fi￿d5 bioughi forwatd
36,438
36,438
72,167
TOTAL FUNDS CARRIED FORWARD
46.7(V)
1,450
48.159
Th¢ Th)￿S fomi part of these financial state￿￿￿ts

-￿yLy CARTE OPERA TRUST LLMITED
THE D.
BA￿CE SHEET
31 DECEMBER 2023
2023
Totsl
funds
2022
Tota]
fi￿dS
Unrestricted
Reskn¢*d
fund
Notes
CURRE14T ASSETS
Stocks
Dtbtors
C&8h at bank
1,6gJ
779
51.368
1.6
1.079
40,301
779
49.918
1.450
52J87
1.450
53,837
43.070
CREDITORS
Arnounts falling due within one ycar
15.678)
(5,678)
{6.632}
NET CURRENT ￿SETs
46.709
1.450
48,159
36,438
TOTAL ASSETS LE&S CURRENr
LL4BJLITIES
46,709
1.450
48.159
36.438
NET ASSETS
1.450
48,159
36,438
io
Unr¢stTiCted fi
Restri¢*d funds
46,709
1,450
36.4J8
TOTAL FUNDS
48.159
36,438
The charitable company is entitled ￿ excmption from a￿111 un(kr Sectton 477 of the cornpani￿ A¢t 2(K)6 for the year
ended 31 December 2023.
tXLembers have not r¢quifft4 th¢ company to obtain an auth"t of its financial ststrmejits for the year ended
31 Lkcember 2023 in att0rd￿ with Section 476 of the CoTnpaDies Act 2(Kl6.
The trustees ￿k￿>T￿￿edge their YE%￿￿ibIl]tic$ for
(a)
cnsurino that the charttable company keeps a(xy)unting reeorth that COTnply with Seciions 386 and 387 of the
Companie5 Act 21KJ6 athd
preparing financial statements whÉch give a true alld fair kiew of the stste of affairs of the clwitable CoMpa￿Y as
at the end of each financial year and of its Sutpl￿ or defi¢il for each fjnancial yeat in accordan¢¢ with the
requirements of Sections 394 aTMI 395 and wlll.cb othernise eon)ply with the requirements of the CompaT)ies Act
2(K)6 relati￿ to [￿anCIal so far as app]i￿le to the charitable cornpany.
Ib)
These financial sratements have been prepared in accordance with tlK pmvi510ns applicable to charitable compaiiie5
subjeci to the small compatthes regime.
The fJn2ncial
stateme
approved by B(￿d of TnLStee5 and authorised for issue
wert siglled on its behalf by:
on
M H Tripp. Tr￿¢
The notcs fonn part of the5c fi¥wKial sratements
Page 6

THE D.
YLY
ARTE
PERA TR
T LLMITED
NOTES T
THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED JI DECE)IBER 2023
ACCOUNTING POLICIES
Basis of preparing the f￿￿￿¢1￿1 Statements
Th¢ financi￿ Statements of the cilzritsble company. ￿hlCb is a public benefit entity uThler FRS 102. have ken
prepared in accordance with the Charities SORP IFRS 102) 'Accountin8 and Reporting bv Charities.. Statement
of Reconunended Prdctsce applicable to chan.ties prepar]D8 their aLrounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l JaJLuary 20191,,
Fitjallcial Reporting Standard 102 The FiDaDcial Rq￿rting Stall(Jard applicable in the UK and Republic of
relan(r and the Cornpanies Act 2￿. The fEnancial ststetnents have been prepared utmkr the historical c05t
convenlton.
Income
All incom¢ is recogtJi$ed in Sts*meni of Financial Activities once thc Ch￿lty has cntitlcmcnt to ihc funds, it
is probable that the income will ￿ rettived aThl the amount cat) be measll￿ reliably.
Expenditure
Liabilitics arc reco￿]sed as expenditure &s s(x)n as thcrc is a leTal or eonstsuctive obl1￿dtiOn committing thc
charity to that ex￿ndit￿re. it is probable that a tsansfer of economic benefits v/ill be required in settjement and
the aTnOUnt of the obligation can be measured reliably. ExpenditLwe is accountd for on an accTuals basis and has
been classified under headings aggregak a]1 cost Telatrd 10 the ￿t￿trory. Where costs cannot be dire¢dy
attributed ￿ parn¢ular heaLlings they have been allocated to actii"ities ott a basis consisient with the use of
resourc&s.
Tangible r￿ed
Depreciation is prokided * the followw annual rates in order to writ off each asset oveT its estimated Jseful
life.
Fixture5 aTLd fittitL8S
on cost
Sto¢ks
Stocks are ￿lUed ai the lower of cost aDd net reaithle value. after makLD8 thle allowallce for obsolete aDd slow
moving items.
Taxation
The Charity is considcred to pass the tests set Patagtaph I Sclthle 6 Finance Act 2010 and therefore it
meets the definition of a ch8ritsble company for UK Corporation T&x purpo*s. Ac¢oTdingly thc Chanty 15
poientially exempt from taxation in respect of income or capital gains received ￿rythIn categories covercd by
Chap¢eT 3 Part I I CoTPOTation Tax Act 2010 or Section 256 of the T&xation of Chargeable GaiJJs Act 1992. to
the exteni that such income or gaills are applied exclu5iN'el)' to charitsble PUTposes.
Fund 8ccounting
Unrestrtcted fimds be used in accordaTKe with the chatitsble ObJ￿tiveS at the dist￿l0n of the Intstecs.
Restricted fi￿(L$ can tsnty ￿￿ed for particular Testricted pu[[￿￿5tS within the objects of the charity. Kestrictions
arise when spe¢ifLed by the dootsrorwhen fund5 are raised forparticu]ar rcstricted purrK>scs.
Further explanasion of th¢ nattwE *Jd pww)se of fLmd is incluthd in the no*S to the fina￿¢1#1 statements.
Pension costs and other post4etirement beTrefits
The charitable company 0￿￿dIeS a defined contribwion ￿nSIOn scheme. Conrrtbutions payable to the eharitsble
company's ￿nSIon scheme are charged to Statementof Financial Activilies in the period to which they relate.
Going conceTrm
Tht charity has prepartd thtse accounts on a going ¢on¢ern IMsi& and the tsustees aly Satisfi￿ that rhere are no
material issues thai mean tbis basis Is t)oi appmpriate.
Page 7
continued...

THE D'OYLY CARTE OPERA TRUST LIMITED
NOTES TO THE FIN￿NCIAL ST.4TEMENTS- CODthiued
FOR THE YEAR ENDED 31 DECE%1BER 2023
1VESTh￿￿r ThCOL¥
2023
2022
Deposit account interest
393
65
NET INCOMEI(EXPENDITURE)
Net incomGlleKpenditure) is stated afterc1w￿{C￿1ltinsl.'
2023
2022
Indcpendcnt examtnatio
1.675
1.550
TRUSTEES, REMUNERATION AND BENEFfLS
There were no tr￿St￿S, remur*rdtion or other benefits for the year etMJoJ 31 ikcember 2023 nor for the year
]ded 31 December 2022.
Trustets, expen
There w¢re £187 mjsteos exwses paid forthe yw LIKled 31 December 2023 (2022". Dil).
STAFF COSTS
2023
2022
Wages andsalarics
Soci31 security costs
Other rthsion ¢osts
30.4
33,(X)O
87
99)
82
912
31J94
34,077
The averdge monthly number of •nploy¢es during the year was as follows."
2023
2022
No eTDployees received emoluments in exc￿ of £60.(KiI.
The total employee I￿nefits (including Fnsiott Contributions and employ&s nationa] insurance) of key
managemeni PeTsonnel in ycar ended 31 December 2023 was £31 J94 (2022: £34.0771.
Page 8
continueiL..

THE D'OYLY
ARTE OPERA TRUST LIMITED
NOTES TO THE FINANCIAL STATEIIENTS- eoDtIDued
FOR THE YEAR ENDED JI DECEMBER 21123
TANGtBLE FtXED ASSETS
Fixtures
and
rittings
COST
At l January 2023 31 Dtcettkn 2023
667
DEPRECIATION
At l January 202J a￿j 31 Deeetttber 2023
667
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
STOCKS
2023
2022
Stocks
1.6
1,690
DEBTORS." AMOUNTS FALLING DUE wrrHIN ONE YEAR
2023
2022
Oth¢rd¢btors
VAT
542
537
779
779
1,079
CREDITORS: AMOUNTS FALLING DUE WITHIN OE4E YEAR
2023
202?
Trade creditors
Social security aThl other tsxes
Attnwd t￿nseS
1.081
1.228
3.369
2.448
1,306
2,878
5,678
6,632
Page 9
continlle(L..

THE D'OYLY CARTE OPEIL4 TRusf LLMITED
NOTES TO THE FINANCIAL STATEMENTS- C￿￿tinUed
FOR THE YEAR ENDED 31 DECENIBER 2023
MOVEMENT IN FUNDS
Net
movement
At 111123
3 1112123
UDre5tricted fllnds
Generaj fund
3&438
10271
46,709
Restrieted funds
Education Projects
1,450
1,450
TOTAL FUNDS
36,438
11.721
48,159
Netmovement in funds, included in the above ate as follows..
Incoming
Resources
expe￿I¢d
Movement
in fund5
Unrestricted funds
Generdl fund
58,610
(48.339)
10,271
Rt5tTided funds
Education Projects
20,IXX
(18.550)
1.450
TOTAL FUNDS
78.610
166.889)
1,721
CompaT8tiYe5 for movement in funds
Net
overnent
funds
At
31112122
At i/ir22
UDre5tricted fuDds
Generdl fut
72.167.
(35.729)
36,438
TOTAL FUNDS
72.167
(35.7291
36.438
Page 10
continued...

Y CARTE OPERA TRUIT LLMITED
NOTES TO THE ThAF4CL4L STATE%IENTS- CODtittued
FOR THE YE_AR ENDED 31 DECE￿IBER 21123
io.
MOVEMENT IN FUNDS- cotstinue
Cornparative net movement in W ti)cIL￿d in the aFx)ve ate as follo￿.
Incoming
ResouT¢es
Movemcnt
in fund5
Utsrt5tricted funds
Genctal fimd
78,651
(114J80)
{35,729)
Restrirted funds
Education Projects
20.IMKI
(20,(KK))
TOTAL FUNDS
98,651
(134,380)
(35,729)
Educstion ProJeets
The Education Projects are fimdedby The DY)yty Carte Clwitsble TnJsL
RELATED PARTY DISCLOSURES
There were no related paty trdDS*iions for the year ended 31 De£ern￿r 2023.
Pa8ell

THE D'OYLY CARTE OPEIL4 TRUST LLMITED
DF.TAII.F.D STATE￿IENT OF FI.NLYCIAL ACTIVITIES
FOR THF. YEAR ENDED 31 DECEMBER 2023
2023
2022
INCOME AND ENDOWMENTS
Don#tlon5 and legacie5
Michael Bishop fowhjati
Other donaiions
50.(K>O
21,323
95.OIK)
238
71.323
95.238
Investment income
Deposki account illierest
393
65
Charitable activities
Royalty income
NlusiG library income
Misc¢llancous Incorne
Con¢ert Income
1,351
543
1.423
1,925
3,348
Tot#1 incoming resourtts
78,610
98,651
EXPENDITURE
Ralslng d•natknns and legacies
Fund]aising
3,120
3,380
Charitable actl)Itles
Wagcs
Social secllrity
Pensions
JnsuraTLce
Telephone
PosLige and stationery
Sundries
Opera production
TTavel and subsistence
London office costs
Subs¢nptions
Computer related expenditure
Bank charg¢s
Foreign exehange diffeyenccs
Independent Examinatio
Lega] and profe&sionai fees
F.TO educatio
Bookkeeping and accountancy
Musib library costs
30,400
82
912
372
720
126
437
4.915
344
3.937
362
13
1.024
492
33,000
87
990
388
494
199
1,170
63.722
3,905
352
1.317
837
(8441
,550
193
16.630
6,580
425
207
9,936
6,760
63,769
131,1KJO
's page does Th)t fom] part of Stsbjtory financial statements
Page 12

'OIiY CARTE OPERA TRUST LIMITED
DETAII.ED STATEME1￿[ OF FINANCIAL ACTIVITIFS
FOR THE YEAR ENDED 31 DECEMBER2023
2023
2022
Total r￿ourceS expentsE
66,889
134.380
Net in¢omel(expenditsre)
11.721
{35,7291
This pag¢ do￿ not fomi part of the statutory financial statements
Page 13