##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|At31August||||2022|2021|
|---|---|---|---|---|---|
|||||E'000|E'000|
|Total unrestricted||funds||10376|8,376|
|Exclude designated||funds - restructuring|reserve (Note 13)|(437)|(437)|
|Exclude designated||funds —production|reserve (Note 13)|(2,002)|(2,002)|
|Exclude designated||funds —CJRSincome|(Note 13)|||
|Less fixed assets||||(1,543)|(1,646)|
|Exclude pension|reserve|||(2,696)|(1,015)|
|Free reserves||||3,698|3„276|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Note|3jl|AeiIIfst|31AUgust|
|---|---|---|---|---|---|---|---|
|||||||'$0112'.|2021|
|||||||eeAir,,|aooe|
|Fixedhssets||||||||
|Tang itble assets
investm
eats|||||M
gel8$.|2/4)r
a646
-'A™'
—
t +7~&g,||
|Current assets||||||||
|Stecks||||||144,||
|5tebters||||||3rt@jtt|2i294|
|lthsh andihank
depo'sitg'||||||||
|||||||I||
|Eraditottsr
amhumts|falling due||within one yeas|||||
|a't aurfen't esse'ts||||||||
|tr||||||||
|'fothl iisshts lhs's chant||lihbilitied||||sr988|Qgl45|
|f4et 8'sects exir4iylihgj'pemsiore
liibilitiy
Defiisad benefit pdnsipm
(liability)fhsseti
jIS~a.d~s|||||-.:||-th|
|either. charitable funds||||13||4r37t3t|4ro54|
|Pesi'gnated
fundh||||13||21439|2A39|
|Revaluatiom
reserve||||13||868|868|
|Pensiom reserve||||17.||~66|~2|
|Total unrestricted|funds|||13||10976.|8i376|
|Restricted funds||||14||35o|655|
|Endowment
funds||||'15||1,969|1,969|
|Total charity funds||||||||
##
||||Note||31.August|31Augus't|
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||s000|sooo|
|Fixed assets|||||||
|Tangible assets|||7a||si943|1,646|
|Investments|||7b
xone|~11||~122|
|||||4v658||4,767|
|Current assets|||||||
|Etocks|||||224|94|
|Debtors|||||~r537|1,824|
|Cash and bank deposits|||||3F33Z|~660|
||||||4;988.|8)2j8|
|Creditors: amounts
I|falling due within one year||||~z6||
|Net curreht assets|||||3i386|~02|
|Total'assets
less current||liabjlities|||7i 973'|92786|
|Net assets excluding pens(on liability|||||7r923|9r786|
|Definedbenefit
pension||(liability)/asset|||~26 6|~1es|
|Net assets|||||||
|um estricted funds:|||||||
|Other charitable funds|||'13||2i347|3i855|
|Designated
funds|||13||ai439|ai439|
|Revaluation
reserve|||13||868|868|
|Pension reserve|||17||2 6c66||
|Total unrestricted|funds||13||8,35o||
|Restricted funds|||14||350|655.|
|Endowment
funds|||15||1969|1,969|
|Totalcharityfunds|||||||
##
|Years to31August:||||Note|2o22|2o22|2021|
|---|---|---|---|---|---|---|---|
||||||E000||E'000|
|Net cash flow from operating
activities (see below)||||||(3,222)|3,556|
|Interest received||||||102|78|
|Investing activities:||||||||
|Proceeds from sale ofinvestments|(shares etc.)|||7b||832|47rt|
|Investments
(in shares etc.)||||7b||(716)|(ac,2)|
|Purchases offixed assets||||7a||(33)|(57)|
|Proceeds from sale offixed assets||||2a||||
|Net cash movement||||||(3,2o7)|3,6o9|
|Opening
cash at bank and in hand||||||6~527|2~908|
|Closing cash at bank and in hand||||||3,59o|6,517|
|Net cash flow from operating activities|||||2022||2021|
|Years to31August:|||||E000||E000|
|Net income for the year|||||||2,6o2|
|Adjustments
for:||||||||
|Release from reserves||||||||
|Movement
in WNO Endowment|Fund|||||||
|Interest receivable||||||(102)|(78)|
|Depreciation
charges||||7a||136|135|
|Profit on sale offixed assets||||2a||||
|Movement
in investments||||7b||(112)|(693)|
|Operating
cash flow before movement||in|working capital|||(67)|&266|
|Movements
in working capital:||||||||
|Movement
in stocks||||||(2o)|(51)|
|Movement
in debtors||||9|(1,256)||857|
|Movement
in creditors||||11|(2,772)||589|
|Adjustment
for pension funding||||17||(17)|(5)|
||||||(3,o65)||ai390|
|Net cash (outflow)/inflow
from operating|||activities||(3|112)|3556|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|(a) Income:|||Unrestricted|Unrestricted|Restricted|Restricted|Restricted|Endowment|Year|Year|
|---|---|---|---|---|---|---|---|---|---|---|
|||||funds||Funds||Fund|||
|||||2022|||2022|2022|2022|2021|
|Years to31August:||||E'000|||E000|E'000|E'000|E'000|
|Boxoffice and similar income||||1,466|||||2,466|7|
|Programmes 8Engagement||||39|||||39|18|
|Income from other|charitable|activity||2,645|||||2,645|82|
|Profit on disposalof|fixed assets||||||||||
|Income from charitable activities||||4 150|||||4/150|107|
|Grants receivable:|||||||||||
|Arts Council England||||6,236|||||6,236|6,236|
|Arts Council ofWales||||4,62.2|||||4,612|4/592|
|HMRC CARS||||||||||270|
|General grants||||s.o,848|||||s.o,848|11/098|
|The majority ofthe|income in|both years|is derived|from activities||in|the UK|with less than|Esoo,ooo arising||
|from the European|Union and|E2.4m from Dubai.|||||||||
|(b) Expenditure
on charitable||activities|||||||||
|Years to31August:|||Direct|Support|Year|||Direct|Support|Year|
||||activity|costs||||activity|costs||
||||2022|2022||2022||2021.|2021|2021|
||||E000|E000|E'000|||E'000|E000|E'000|
|Main-scale opera|||14,829|1/727||16,556||8154|1/433|9,587|
|Programmes
8|||1,o86|110||1/ag6||736|91|827|
|Engagement|||||||||||
|Charitable activity|||15/915|1./837||17/752||8,89o|1/524|10/414|
|Fundraising|||299|57|||356|287|47|334|
|Trading|||2,062|||a,o62.||1/185||1/185|
|Total expenditure|||18,275|1,894||20/169||10/362|1/571|»/933|
##
##
|Years to 31August:|Years to 31August:|Years to 31August:|2022|2021|
|---|---|---|---|---|
||||a'000|s000|
|Wales Millennium||Centre premises|311|207|
|Finance & IT|||823|766|
|Administration,||HR|688|514|
|Governance costs|||||
|Defined Benefit||Scheme pension costs|71||
|Supportcosts|||1894|sr571|
|Allocation ofsupport costs to activities based on direct costs incurred:|||||
|Opera|||zr727|2&433|
|Programmes8|Engagement||110|91|
|Fundraising|||57|47|
|Supportcosts|||1,894|siS71|
##
|Years to31August:|||2022|2021|
|---|---|---|---|---|
||||S000|e000|
|Rentals underoperating|leases-land
and buildings||18o|181|
|Rentals under operating leases-||equipment|14|14.|
|Depreciation-
owned|assets||136|135|
|Auditor remuneration|as statutory|auditor|38|49|
|Other non-audit
fees paid tothe auditor|||||
##
##
|National
Opera Lim|ited:|||||
|---|---|---|---|---|---|
|||||2022|2021|
|Years to 31.August:||||||
|||||S000|8000|
|Totalincoming
resources||||16i32g|14 556|
|Net (deficit)/surplus|forthe year|||(1,5o7)|3,526|
|Actuarial
(loss)/gain|on defined benefit scheme||(see note 17)|1,664|2i187|
|(i)eficit)/surplus
including||actuarial (loss)/gain|in the pension scheme|157|Si703|
##
##
|Years to 31August:|2022|2021|
|---|---|---|
||e'000|e'000|
|Wages and salaries|7,85o|7647|
|Socialsecurity costs|828|720|
|Other pension costs|400|431|
|Pension deficit costs|71|27|
||gr249|8,825|
|Years to31August:|Years to31August:|2022|2021|
|---|---|---|---|
|||Number|Number|
|Opera||159|174|
|Programmes|and Engagement|14||
|Support|||12|
|Fundraising|||8|
|Trading||22|26|
|||220|231|
##
##
|The number ofGroup employees whose emoluments
excluding p|The number ofGroup employees whose emoluments
excluding p|ension contributions
but including
ben|efits|
|---|---|---|---|
|in kind were in excess ofE6o,ooo was:||||
|Years to31August:||2022|2021|
|||Number|Number|
|E60 000 —E69999||||
|E70IOOO|E79s999|||
|EBO000 -|E89,999|||
|E90iooo -|E99i999|||
|E100IOOO|E109/999|||
|E110,000|.E119999|||
|E140gooo|E149z999|||
##
##
##
##
##
|Years to31August:|2022|2021|
|---|---|---|
|Due, 1year|106,459|118,136|
|Due 2-5years|112,000|224i533|
|Due &5years|?r277i742|?i305742|
##
|Group and Company|Long|Vehicles|Equipment|Total|
|---|---|---|---|---|
||leasehold||||
||E000|E'000|E'000|E000|
|Cost|||||
|At1September 2o21|1,500|555|1i722|3i777|
|Additions|||33|33|
|Disposals|||||
|At31August 2022|1q500|555|4755|3i820|
|Depreciation|||||
|At1September 2o11|18o|465|1,486|2,131|
|Charge forthe year|30|23|83|136|
|Disposals|||||
|At31AUgust 2022|210|488|1.,569|2(267|
|Net book value|||||
|At 31August 2021|1I320|90|236|1,646|
|At 3'1August 2022|2I290|67|186|xi543|
##
##
|Group and Company:|2022|2021|
|---|---|---|
|At 31August|S'000|S'000|
|Corporate bonds and cash|519|471|
|Equities;|||
|UK|1I239|2I257|
|US|970|797|
|Other equities|422|62g|
|Property|65|67|
||3I115|3I121|
##
|Years ended 32August:||2022|2021|
|---|---|---|---|
|||s000|S000|
|Market value atthe beginning|ofthe year|3I121|2(628|
|Additions atcost||724|442|
|Disposals at carrying value||(832)|(474)|
|Net realised
andunrealised(losses)/gains||122|525|
|Market value atthe end ofthe|year|3I115|3I121|
|Historical costatthe end ofthe year||2718|2I500|
|Included within the above is«ash held within the portfolio totalling||142|50|
##
##
##
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||E'000|E'000|E000|E000|
|Raw|materials|114|94|114|94|
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|At 31.August||2022|2021|2022|2021|
|||E'000|E'000|E'000|E000|
|Trade debtors||532|353|240|61|
|Amounts
owed by Group undertakings||||464|179|
|Other debtors||123|70|43|61|
|Taxation||21044|314|40|66|
|Prepayments|and accrued income|751|2I457|750|1I457|
|||3I450|ar194|sr537|1,824|
##
|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
|At31August||||2022|2021|2022|2021|
|||||E000|E000|E000|E'000|
|Cashat bankandin||hand||3,59o|6,517|3i337|6,36o|
|The Company|has no borrowings||oroverdraft facilities.|||||
|Asignificant|proportion ofthe Group's|||liquid assets is held as fixed asset|investments|(note 7b).||
##
##
||Group|Group|Company|Company|
|---|---|---|---|---|
|At 31August|2022|2021|2022|2021|
||E'000|E'000|E'000|E000|
|Trade creditors||94|101|94|
|Other creditors including taxation|352|357|352|357|
|Accruals|494|335|487|330|
|Deferred grant income|388|448|388|448|
|Other deferred income|478|2r353|345|2,030|
||1./813|3,587|1,673|3,259|
##
||Group|Group|Company|Company|
|---|---|---|---|---|
|At 31August|2022|2021|2022|2021|
||E000|E'000|E000|E000|
|Broughtforward|2,353|2,214|2/030|2r047|
|Released
in year|(1,875)|(136)|(1,685)|(17)|
|Received in year||275|||
|Carried forward|478|2/353|345|2/030|
##
||Group|Group|Company|Company|
|---|---|---|---|---|
|A't 31Augus't|2022|2021|2022|2021|
||,E000|E000|E000|E'000|
|Broughtforward|448|66|448|66|
|Released
in year|(1o,8/,8)|(1o,446)|(1o,8/,8)|(10,446)|
|Received in year|1o,788|10,828|1o,788|1o,828|
|Carried forward|388|448|388|448|
##
##
##
##
|Group|||Opening|Incoming|Resources|Gains/|Transfers|Closing|
|---|---|---|---|---|---|---|---|---|
||||balance|resources|expended|(losses)||balance|
||||E'000|E'000|E'000|E000|E'000|E'000|
|Restructuring||reserve|437|||||437|
|Production|reserve||2z002|||||2,002|
|Pension reserve|||1,015|||1,681||2,6g6|
|Revaluation||reserve|868|||||868|
|Income and||expenditure|4i054|19r917|(20,285)|(3)|590|4i373|
|Total Group||funds|8,376|29i927|(aoi185)|1.,678|590|10376|
|Company|||Opening|Incoming|Resources|Gains/|Transfers|Closing|
||||balance|resources|expended|(losses)||balance|
||||E000|E000|E000|E000|E000|s000|
|Restructuring||reserve|437|||||437|
|Production|reserve||2,002|||||2~002|
|Pension reserve|||11015|||2,682||2,6g6|
|Revaluation||reserve|868|||||868|
|Income and||expenditure|3,855|26,568|(18,663)|(3)|590|2s347|
|Total Company funds|||8 177|16,568|(18,663)|1.,678|590|8 350|
##
|Group||Opening|Incoming|Resources|Gains/|Transfers|Closing|
|---|---|---|---|---|---|---|---|
|||balance|resources|expended|(losses)||balance|
|||E'000|E'000|E'000|E'000|E'000|E'000|
|Restructuring|reserve|437|||||437|
|Production
reserve||1/155||||847|2,002|
|CJRSreserve||504||||(So4)||
|Pension reserve||(2,24S)||(27)|2,187||1.,015|
|Revaluation|reserve|868|||||868|
|Income and|expenditure|2i433|13I203|{11,9o6)|211|113|4i054|
|Total Group|funds|4s252|13i203|(san933)|2,398|456|8,376|
|Company||Openingbalance|Incoming|Resources|Gains/|Transfers|Closing|
||||resources|expended|(losses)||balance|
|||E'000|E'000|E'000|E'000||E000|
|Restructuring|reserve|437|||||437|
|Production
reserve||1,155||||847|2~002|
|CJRSreserve||504||||(So4)||
|Pension reserve||(2,145)||(27)|2,187||2~015|
|Revaluation|reserve|868|||||868|
|Income and|expenditure|1,320|24i239|(12,o28)|211||3,855|
|Total Company funds||3i139|24i239|(12055)|2,398|4s6|8,177|
##
##
|Group and Company|Opening|Incoming|Resources|Revalue|Transfers|Closing|
|---|---|---|---|---|---|---|
||balance|resources|expended|||balance|
||E'000|E'000|E'000|E'000|E000|E000|
|Seligman Trust|74.|||||76|
|Schaefer Bursary|18|||||2.8|
|C Ball Bursary|5||(2)|||3|
|Parry Family Bursary|11|||||11|
|Dona rd|300||||(3oo)||
|Other|247|232|||(237)|242|
|Total restricted funds|6ss|234|(2)||(537)|350|
|Group and Company|Group and Company|Opening|Incoming|Resources|Revalue|Transfers|Closing|
|---|---|---|---|---|---|---|---|
|||balance|resources|expended|||balance|
|||E'000|E'000|E'000|E000|E'000|E000|
|Seligman Trust||63|||10|(1)|74|
|Schaefer Bursary||18|||||18|
|C Ball Bursary||||||(2)|5|
|Parry Family|Bursary|'10|||||11|
|Paul Hamlyn|Artworks|4||||(4)||
|Fidelity||40||||(4o)||
|Dona rd|||300||||300|
|HMRC CARS|||270|||(27o)||
|Other||162|225|||(24o)|247|
|Total restricted funds||304|797||10|(4s6)|6ss|
##
##
##
|Group and Company|Opening|Interest|Resources|Revalue|Closing|
|---|---|---|---|---|---|
||balance|income|expended||balance|
||E000|E000|E000|E000|E'000|
|Mary Warner Trust|si394|40||(2)|1I432|
|RW Pethybridge|501|1.4||(1)|514|
|SirJohn Moores Award|74|2|(53)||23|
|Total endowment|1,969|56|(53)||969|
|funds||||||
|Group and Company|Opening|Interest|Resources|Revalue|Closing|
|---|---|---|---|---|---|
||balance|income|expended||balance|
||E'000|E'000|E'000|E'000|E000|
|Mary Warner Trust|1/272|30||192|1I394|
|RW Pethybridge|421|11||69|501|
|SirJohn Moores Award|62|||10|74|
|Total endowment|1655|43||271|1,969|
|funds||||||
##
##
|Group|Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||funds|funds|funds||
||E000|E'000|E'000|E000|
|Tangible fixed assets|1/543|||1/543|
|Fixed asset investments|1,336|64|1/715|3/115|
|Net current assets|4,801|286|254|5/341|
|Pension reserve|2,696|||2,696|
|Net assets|10/376|350|1969|12/695|
|Company|||||
|Tangible fixed assets|1/543|||2 543|
|Fixed asset investments|1/336|64|1/715|3/»5|
|Net current assets|1/775|286|254|3,315|
|Pension reserve|2,696|||2,696|
|Net assets|8 350|350|1969|1o,669|
|Group|Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|
||funds|funds|funds||
||E'000|E'000|E'000|E'000|
|Tangible fixed assets|1,646|||1,646|
|Fixed asset investments|1/339|64|1/718|3/1.21.|
|Net current assets|4,376|591|251|5,218|
|Pension reserve|1,015|||1,015|
|Net assets|8,376|655|1/969|11/000|
|Company|||||
|Tangible fixed assets|1,646|||1,646|
|Fixed asset investments|2339|64|1,718|3,121|
|Net current assets|4/177|591|251|5/019|
|Pension reserve|1/015|||1,015|
|Net assets|8,177|655|1,969|10801|
##
##
||||Assumptions||
|---|---|---|---|---|
|||31AUgus't 2022|31.August 2021 31Augus't 2020||
|||44 p.a.|'AA p.a.|34p.a.|
|RPI Inflation||3 50|3 30|z.g5|
|CPI Inflation||3 05|z.8o|2.35|
|Pension increases (Pre|April zgg7 in excess ofGMP)||||
|||3.00|3.00|3.00|
|Pension increases (April zgg7 —April zoo5)|||||
|||2.95|2.75|235|
|Pension increases (Post Apnl zooS)||2.05|2.00|1.8o|
|Discount rate for Scheme liabilities||4.30|1.75|1.70|
|Longevity for member|currently aged 65:||||
|Male||21.9|21.9|21.2|
|Female||243|143|23 2|
|I ongevity for member|reaching 65 in zo years:||||
|Male||23 2|23.2|22.5|
|Female||25 7|25 7|247|
##
##
||||||Fair valve ofassets|Fair valve ofassets||
|---|---|---|---|---|---|---|---|
||||||31AugUst 2022|31August 2021|31August 2020|
||||||s000|s000|s000|
|Equities|||||7i952|9,686|8,662|
|Index-linked|gilts||||6,074|7 920|6r724|
|Corporate bonds|||||zi541|&i770|2.,693|
|Other|||||81|78|61|
|Total|||||15,648|29i454|171130|
|Reconciliation||offunded status to balance sheet||||||
|||||||Value at|Value at|
|||||||31Aug US't 2022|31August 2021|
|||||||s'000|S'000|
|Fair value ofScheme|||assets|||15,648|29i454|
|Presentvalue||offunded definedbenefit||obligations||(zzi952)|(18,439)|
|(Deficit)/surplus||||||2,696|1~025|
|(Liability)/asset||recognised on the statement offinancial position||||2,696|1I015|
|Analysis ofprofit and|||loss|||||
|||||||Value at|Value at|
|||||||31August zozz|31August zozz|
|||||||S000|S000|
|Administration||expenses||||||
|Net interest|cost|||||(17)|20|
|Past service|cost|||||||
|Expense recognised|||in profit and|||||
|loss||||||(17)|27|
##
##
||||||Value at|Value at|
|---|---|---|---|---|---|---|
||||||31August 2022|31August 2o21|
||||||E'000|6000|
|Opening|defined benefit|obligations|||||
||||||18,439|18,275|
|Administration
expenses|||||||
|Interest|cost||||320|307|
|Remeasurement
(gains)/losses|||||||
||Actuarial losses|on Scheme|liabilities|in|||
||respect ofassumptions||||(6,473)|854|
||Actuariallosses|on Scheme liabilities||in|||
||respect ofexperience||||1,o26|(377)|
||From change
in|demographic|assumptions||(13)|(245)|
|Net benefit paid out|||||(347)|(482)|
|Past service cost||||||7|
|Closing|defined benefit|obligation|||22~952|18,439|
|||Value at|Value at31|
|---|---|---|---|
|||31August 2022|AUgiis't 2021|
|||E'000|E'000|
|Opening|fair value ofScheme assets|19A54|17i230|
|Interest|income on Scheme assets|337|287|
|Actuarial|gains/(losses)|||
||Return on Scheme assets less interest|||
||income|(3,796)|2I519|
|Contributions
by the Company||||
|Net benefits paid out||(317)|(482)|
|Closing|fair value ofScheme assets|15,648|29r454|
||||Value at|Value at31|
|---|---|---|---|---|
||||31August 2o22|August 2021|
||||E000|E'000|
|Return on Scheme assets less||interest income|(3,796)|2i529|
|(Losses)/gains|on financial assumptions||6,473|(854)|
|(Losses)/gains|on demographic|assumptions|13|1.45|
|Experience Gains on Scheme||liabilities|(1,o26)|377|
|Total (loss)/gain|||1.,664|2187|
|||||49|
##
##
||Value at|Value at|
|---|---|---|
||31August 2022|3'1AU9ust 2021|
||E000|E'000|
|Interest income on Scheme assets|337|287|
|Return on Scheme assets less interest income|(3i796)|2i529|
|Total return on Scheme assets|(3,659)|2,8o6|
##
|Years to31August:|Years to31August:|2O22|2021.|
|---|---|---|---|
|||E'000|E'000|
|Turnover||2,395|si303|
|Cost ofsales||2i295|(s,ri18)|
|Gross profit||100|(115)|
|Administrative|expenses|(5)|(7)|
|Operating
profit/(loss)||95|(1.22)|
|Gift Aid to parent company||||
|Profit/(Loss)|before taxation|95|(1.22)|
|Taxation||||
|Profit/(loss)|forthe financial year|95|(122)|
|The aggregate ofthe assets, liabilities and funds was:||||
|At31August||2022|2021.|
|||E'000|E'000|
|Assets||572|&~8|
|Liabilities||(595)|(566)|
|Shareholder|funds|(23)|(1.1.8)|
##
##
|3.8.Additional
Inf|ormation
on subsidiaries|ormation
on subsidiaries|(con|tinued)|||
|---|---|---|---|---|---|---|
|Included within turnover|and cost ofsales is inter-company||trade||||
|At31August|||||2022|2021|
||||||EOoo|E'000|
|Sales|||||287|212|
|Purchases|||||2,yrt6|1IA25|
|Amounts outstanding|atyear|end|||10rr|279|
|Statement ofChanges|in Equity||||||
|Company|||Share|capital|Profit and loss|Total|
|||||E|reserves||
||||||E||
|Balance at 1"September 2oto||||90|3,7o6|3,7o6|
|Year ended 31.August 2o21I|||||||
|Profit and total comprehensive||income forthe year|||(122,115}|(122I115}|
|Distributions
to parent|charity|under gift aid|||||
|Balance at31August 2o21||||90|(228IErog)|(118319)|
|Year ended 31August|ao22:||||||
|Loss and totalcom prehensive||income for the year|||(23I210)|(23,21o)|
|Balance at31August 2022|||||(23I210)|(23I120)|
##
|Years to31August:|Years to31August:|2022|2021|
|---|---|---|---|
|||E000|E000|
|Turnover||10,870|2,476|
|Cost ofsales||(20,839)|(2,466)|
|Gross prolit||11||
|Administrative|expenses|||
|Operating
profit /(loss)||||
|ProSt/(Loss)|before taxation|||
|Theatre tax relief on productions||2r044|312|
|Profit retained|in subsidiary|aso44|312|
|At31August|2022|2021|
|---|---|---|
||E'000|E000|
|Assets|2,036|328|
|Liabilities|(7)|(11)|
|Shareholder funds|aro49|317|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||||e000|s000|
|At31August||||||
|Sales||||1o,87o|2,476|
|Purchases||||10,870|2,476|
|Amounts outstanding|atyear|end||||
|Statement ofChanges|in Equity|||||
|Company|||Share capital|Profit and loss|Total|
||||e|reserves||
|Balance at 1"September 2oto|||100|1107605|1l107/7&is|
|Year ended 31August|2o21:|||||
|Profit and total comprehensive||income forthe year||(790r472)|(790,472)|
|Balance at 32.August|2o21||100|317r133|317r233|
|Year ended 32.August|2ostu|||||
|Loss and total comprehensive||income forthe year||2 043 568|2r043r568|
|Distributions'
to parent|charity|under gift aid||(322r133)|(312r133)|
|Balance at31August|2o22.||100|2,o48,568|a,o48,668|
##
##
|At31August|At31August|2022|2021|
|---|---|---|---|
|Income|received|68|5s509|
|Funding|awarded|(300)|(S,ooo)|
|Debtor||||
|At31August||2022|2021|
|---|---|---|---|
|Investment|income|33i705|25,861|
|Bursaries applied for||20,000|6o,ooo|
|Debtor||59,248|87,284|
|Creditor||20,000|6o,ooo|
|Value ofportfolio||1,041,789|1,o43,834|
##
##
|Welsh|Nation|al
Opera Limited|||
|---|---|---|---|---|
|(Company|limited|by guarantee
and without|share||
|capital)|||||
|Registered|office|Wales Millennium|Centre||
|||Bute Place|||
|||Cardiff|||
|||CF1o5AL|||
|Company|number|oorr5rr297(registered||in England and Wales)|
|Charity number||222538|||
|VAT registration||GB218989551|||
|Auditor|Azets Audit Services|
|---|---|
||Ty Drew|
||Lime Tree Court|
||Cardiff Gate Business Park|
||Cardiff|
||CF23 8AB|
|Solicitors|Darwin Gray Solicitors|
||Helmont
House Churchill|
||Way|
||Cardiff CF1o 2HE|
|Bankers|Lloyds Bank pic|
||31Queen Street|
||Cardiff CF1o 2AG|
##
|||||Main|Audit Ik||||All Wales|
|---|---|---|---|---|---|---|---|---|---|
|||||Board|Risk|Nominations|CTSLtd|HBW Group|Strategy|
|Nicola Amery||||X||Chair||||
|Lynne Berry CBE||||||||||
|Chitra Bharucha|MBE|||||||||
|Manon Edwards|Ahlr|||X||||Chair|X|
|Sam Jones||||X||||||
|Henry Little||||X||||||
|Martyn
Ryan||||X|Chair|||||
|Yvette Vaughan|Jones(Chair)|||Chair||X(obs)||||
|Aileen Richards||||X|||X|X||
|Stepehen
Harrison|||||||Chair|||
|Geraint Device||||||||||
|Nigel Goldsworthy||||||||||
|Dr Arun Midha||(Appointed|29.07.22)|||||||
|Claire Pillman||(Appointed|29.07.22)|||||||
|Prof Medwin
Hughes||(Appointed|ss.oy.ss)||||||Chair|
##
##
##
##