## ## ## ## |CONTENTS||||| |---|---|---|---|---| |||||Pages| |Administrative|information|||| |Trustees'
report including||statement|ofTrustees'|| |responsibilities||||| |Independent|Examiner's|report||18| |Statement of|financial activities|||20| |Balance sheet||||21| |Statement of|cash flows|||22| |Notes to the financial statements||||23| |||BIRMINGHAM
OPERA COMPANY||||| |---|---|---|---|---|---|---| |||(A company
limited
by guarantee)||||| |||ADMINISTRATIVE
INFORMATION||||| ||FOR THE YEAR ENDED 30JUNE 2021|||||| |Trustees and Directors;||Nicholas Payne (Chair)||||| |||Tony Colville||||| |||Katie Fulcher||||| |||William
Husselby OBE||||| |||Catherine
Allen||||| |||Amahra
Spence (appointed|8|December||2020)| |||Lauren
Williams||||| |||Sir Graham
Vick CBE(deceased|||17July 2021)|| |||Justine Themen||||| |Personnel:||Artistic Director —Sir Graham||Vick CBE||+| |||Music Director —Alpesh Chauhan||||| |||Artistic Associate —Reisz Amos||||| |||Executive Director —Richard||Willacy (subsequently||| |||appointed
General
Director|2022)|||| |||General
Manager —Hannah|Griffiths|||| |||Development
Coordinator —Charlotte Titcombe||||| |Associate Artists;||Choreographer
—Ron Howell||||| |||Vocal Coach —Jane Robinson||||| |||Casting Consultant —Sarah|Playfair|||| |||Projects Consultant —Sheelagh|||Barnard|| |||Chartered
Management|Accountant|||—Shohaib| |||Shafiq ACMA, CGMA||||| |Secretary:||Richard Willacy||||| |Registered|Office:|205 The Argent Centre||||| |||60 Frederick Street||||| |||Birmingham||||| |||B1 3HS||||| |Bankers:||Lloyds Bank pic||||| |||36/38 New Street||||| |||Birmingham||||| |||B24LP||||| |Independent|Examiner:|David Hoose||||| |||Mazars LLP||||| |||First Floor||||| |||Two Chamberlain
Square||||| |||Birmingham||||| |||B33AX||||| |Registered|Charity Number:|291130||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||o
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0.| ||||||||||||||||||||4|L4|O|| ||||||||||||||||||||||Ul|Vl| ||||||||||||||||||||||I-|| ## |||||||2021|2020| |---|---|---|---|---|---|---|---| ||||||Note||| |Cash flows from||operating|activities||||| |Net cash|used
in|operating|activities||19|336,940|314,197| |Cash flows from||investing|activities:||||| |Purchase|oftangible
fixed assets||||||| |Net cash|provided|by investing
activities|||||| |Change|in cash|and cash|equivalents|in the||336,940|314,197| |year|||||||| |Cash and|cash equivalents||brought
forward|||298,232|(15,965)| |Cash and cash equivalents|||carried forward|||635,172|298,232| ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## |3. GRANTS AND|DONATIONS|DONATIONS|DONATIONS|DONATIONS||||| |---|---|---|---|---|---|---|---|---| |The Company
gratefully|acknowledges||||the support|given|2021|2020| |by the following
during
the||course||ofthe year:||||| |Grants received from:||||||||| |Arts Council England|||||||486,433|486,432| |Birmingham
City Council|||||||32,870|30,993| |FEDORA|||||||1,792|| |FEDORA Education
Prize|||||||44,812|| |George Cadbury
Fund|||||||25,000|| |George Fentham
Birmingham||Charity||||||2,000| |Individuals
sponsors
and donors|||||||25,659|13,268| |The Kiri Te Kanawa
Foundation|||(UK)||||22,251|| |The Leche Trust||||||||2,000| |Baron Davenport's
Charity|||||||800|| |The Cole Charitable
Trust|||||||1,000|1,000| |The D'Oyly Carte Charitable||Trust|||||3,500|| |The Edward and Dorothy|Cadbury|||Trust|||2,000|| |The Edward Cadbury
Charitable|||Trust||||3,000|| |The Eveson Trust||||||||3,000| |The Fidelio Charitable
Trust||||||||2,500| |GJW Turner Trust|||||||2,000|| |The Grantham
Yorke Trust||||||||3,000| |The Grimmitt
Trust|||||||1,500|| |The Harold
Hyam Wingate|Foundation||||||2,000|| |The Joseph Hopkins
and|Henry||James Sayer Charity||||500|| |The National
Foundation
for||Youth||Music||||1,646| |The Oakley Charitable
Trust||||||||1,000| |R A and VBReekie Trust|||||||1,000|1,000| |The Roger 8 Douglas Turner||Charitable|||Trust|||2,000| |The Roughley
Trust||||||||1,000| |The Saintbury
Trust|||||||6,000|5,000| |The Sheldon Trust|||||||2,000|| |The Steel Charitable
Trust||||||||10,000| |Thriplow
Charitable
Trust|||||||2,000|3,500| |W. E. Dunn Charitable
Trust|||||||750|| ||||||||666,867|569,339| |4. OTHER INCOME||||||||| ||||||||2021f|2020
E| |Boxoffice|||||||8,576|12,944| |Theatre tax credits|||||||30,017|44,680| |Other|||||||4,114|167| ||||||||42,707|57,791| ## ## ## ||||2021|2020| |---|---|---|---|---| |||||E| |Fundraising|costs||18,035|18,715| |Other salary|costs||152,008|135,329| |Other production||costs|581,801|163,659| |Governance|||11 874|14,423| ||||763,718|332,126| ## |t resou|rces expended
for th|e year are stated afte|r charging:|| |---|---|---|---|---| ||||2021|2020| |Amount|paid to Independent|Examiner||| ||IE and Accounts Preparation||2,715|2,635| ||Tax||1,350|3,750| |Lease|payments||14,376|14,176| |Depreciation|||315|315| ## ## ## ||||||Restated| |---|---|---|---|---|---| |Staff costs||||2021
f|2020| |Wages and salaries||||146,506|134,471| |Social security||||14,916|11,144| |Pension|cost|||7,164|6,667| |||||168,586|152,282| |||||Number|Number| |Average|number of employees|(excluding|trustees)||| |employed|during the year||||| ## ## ## ## ## ||10.
STOCKS|||| |---|---|---|---|---| ||||2021
E|2020f| ||Wardrobe stock||5,200|5,200| ||||5,200|5,200| ||11.
DEBTORS|||| ||||2021|2020| |||||E| ||Amounts
falling due within|one year:||| ||Grants receivable||8,789|11,000| ||Trade debtors||2,808|3,133| ||VAT debtor||10,272|3,519| ||Accrued income||50,000|144,154| ||Other debtors||2,653|| ||||74,522|161,806| |12.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR||| ||||2021
E|2020f| ||Amounts
falling due within|one year:||| ||Trade creditors||40,062|4,595| ||Other taxes and social security||4,050|4,415| ||Accruals and other creditors||294,573|26,190| ||||338,685|35,200| ## ## ## ||||||General|Designated|Designated|Total|Total| |---|---|---|---|---|---|---|---|---|---| ||||||Reserves|Reserves||2021|2020| ||Brought forward||||120,770||314,083|434,853|153,349| ||Surplus I(Deficit) for the||year||368,873|(413,797)||(44,924)|281,504| ||Transfer between
funds||||(349,714)||349,714||| ||Carried forward||||139,929||250,000|389,929|434,853| |14.|RESTRICTED|FUNDS|||||||| ||||||Brought|||Expenditure|Carried| ||||||Forward||Income||Forward| ||FEDORA||||||1,792|1,792|| ||FEDORA Education|Prize|||||44,812|44,812|| ||The Kiri Te Kanawa Foundation|||(UK)|||22,251|22,251|| ||Baron Davenport's
Charity||||||800||800| ||The Cole Charitable
Trust||||||1,000||1,000| ||The D'Oyly Carte Charitable||Trust||||3,500|3,500|| ||The Edward and Dorothy Cadbury||||Trust||2,000||2,000| ||The Edward
Cadbury|Charitable||Trust|||3,000||3,000| ||The Eveson Trust|||||3,000||3,000|| ||The Fidelio Charitable|Trust||||2,500||2,500|| ||The Foyle Foundation|||||15,000||3,020|11,980| ||GJW Turner Trust||||||2,000|2,000|| ||The Grantham
Yorke|Trust||||3,000||3,000|| ||The Grimmitt Trust||||||1,500||1,500| ||The Harold
Hyam Wingate||Foundation||||2,000|2,000|| ||The Joseph Hopkins|and Henry||James|||500|500|| ||Sayer Charity||||||||| ||The Leche Trust|||||2000||2,000|| ||RA and V BReekie|Trust|||||1,000|1,000|| ||The Saintbury
Trust||||||6,000||6,000| ||The Sheldon Trust||||||2,000|2,000|| ||The Steel Charitable|Trust||||10,000||10,000|| ||Thriplow Charitable
Trust||||||2,000|2,000|| ||W.E.Dunn Charitable|Trust|||||750|750|| |||||||35,500|96,905|106,125|26,280| ## ## ## ## ## ## ## ## ## ## |||||||2021|2020| |---|---|---|---|---|---|---|---| |||||||8|| |Net income||for the year||||(54,144)|295,003| |(as
per||Statement||of|Financial||| |Activities)|||||||| |Adjustment||for:|||||| |Depreciation||||||315|315| |(Increase)|/|decrease|in|debtors||87,284|67,965| |Increase
/ (decrease)|||in|creditors||303,485|(49,086)| |Net
cash||used|in||operating|336,940|314,197| |activities||||||||