2023-03-31-accounts

Charity Registratlon No. 511726 Company R¢gistratlon No. 015S0778 (England and Wales) OPERA NORTH LIMITED (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT AND CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

OPERA NORTH LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees l Diroctorn Ed Ander50n CBE Howard Gatiss H8nri•tta J¢7witt Paul Lee 08E Ichalrnanl Sir Richard Mantle OBE Rosie Millard OBE {j¢￿nt VKe ch￿rI Cllr Jonathan Pryor MinhazLtI Abedin Rathel El￿1 {Jolnt Vke Chair from 16 June 20231 Sarah Hall Dominic Walhs Carollne Roberts-cherry (Appointed 15 Decomber 20221 VKlorta Wharton {Appoinled 15 December 20221 Comp*ny Secr•tsry Klrslen Bullgn G•n•ral Dlr•¢tor and Chlef Ex•cutlv• Slr ￿Chard M4nlJeOBE Commltt•e ChaSrn ¥inance ar￿ Gonoral Purpos0$ Development Nominations Health and Saf Equality Dlvorslty #nd Induslon Sarah Hall Clive Lloyd Paul Lee OBE Sir Richard Mantle OBE (Sarnh Hall from June 20221 Renee Hunt (Rosie Millard OBE from 16 Juno 2023) Charbty nurn￿r 511728 Company numb•r 01550778 Regl•tsr•d offlG• Howa￿1 Opera Cèntro 8 Harrison Street Leeds LS16PA Auditor RSM UK Au(lil LLP Chartered Acx))untants Central Square 5th Floor 29 Weifington Slreel Leeds LS14DL Bankers HSBC 33 Park Row Leeds LS1 1LD Coutts & Co 440 Strand London WC2R OQS

OPERA NORTH LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Solicitoys wrtgleys LLP 19 Cookridge Str981 Leeds LS2 3AG Womble Bond Dicknnson 1 Whilehall Rd Leeds LS1 4BN B19¢ks Soli(¥toTr LLP City Point 29 lang Streat Leeds LS12HL

OPERA NORTH LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTS AND STRATEGIC REPORT} FOR THE YEAR ENDED 31 MARCH 2023 The Trustaes. who act as Thr¢¢tr)rs for1he purpose5 of ¢>Jnpany law. are pleased to present thèir annual r8port which comprfsfjs the strateg￿ Re￿)rt and Directors. Rewt lor Companies Act 2006 purposes and the audited consolldated financial ststernents for thè year ended 31 March 2023. R?f•rtn¢• and Admlni¥trativè dètai18 Operd North Limited is a company limited by guardntee. company registered number 01550778 and b reglstered as charity undor th¢ Charities Act 2011, charity registered number 511726. Its registered and prtn￿p￿ offirL is Howard Opora Centre. 8 Harrison Street, Leeds, LS16P Truste The Diroclors of Opera North Limited arg its TrUst￿S for the purp￿ ofcharfty law and thmughoLrt thi8 report arè Collaotively rèferrod lo as the TNstecs. The Trust￿ solving during the year arKI since the y8ar ond were as follows.. Minhazul Abadin Ed Anderson CBE Rachel Elwell Howard Gali68 Sarah Hall R8n8a Hunt Henrletta Jowrtt Paul Lee OBE Peter Maniur8 Sir Rlchard Manye OB Ros1& Millard OBE Cllr Jonalh8n Pryor Caroline Roberts-chgny Appolnled 15 D•cemb8r 2022 Dominic Wallls INlng Wamett Victoria IM)arton Jolnt W￿e Chair from Jung 2023 Jclnt vt• Chalr Res￿￿ed 16 June 2023 Chairnan Rgsigned 5 January 2023 Jtslnt Vlce Chair Resigned 5 January 2C123 Appointed 1 S December 2022 Company Seualary lQrslen Bullen Purpos•. a¢tivlllM, achlgvgments. and ￿rIOrManCe Opera North is England's naIJo￿l opera ¢)Jmpany in the North, ba$od in Legds and o)mmitted to the North, $8rvlng the communthes 8nd peO￿e of the regksn. Wg believe we are uniquely 5utsssful in promding an edècti¢ range of experienc8s for many diverse audien¢e$, all urKler the banner of opera. We alm to curate an adventurous cultural offer which eontinues to exploit the operatic canon, doveknping fresh approaches lo tho way in which opern can be reali5ed, hamessing theatrical and desi9n innovahon ttsJether with high quality musical perfomiance. Our purpose Creating exlraordinary experiences every day, using musio and opera to entertain. engage. chaI￿nge and Insplre. Our aims: Creatè Èx1raordlnary experien¢eg We aim to create a body of artistic work that ha5 divetsity and sustainability at its heart. from mainstsgo touring opèra to concerts, gig5 and Fx)pup perf0mlan￿. we strNe to wle great art, available to all. For poople everywhere We servo our diverse cornmunities in fhe north of Engknd by tourtrry to V8nuès and small. expected and unexp8Ctèd. and reach inlemational audiences through an enhanced digit3] offer. Our seclor4eading Community Partnerships programme reaches people who face signrfKant barriers lo engaging wlth the arts and our live3treamsldigrtal captu￿ of perfom)ance5 exlend a¢xess across thè UK and beyond.

OPERA NORTH LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTS AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Bulld rnsIllence We wotk to sècura Op•ra North's future in thE heart of Leeds, ensurfng ￿th that we are here to serve an ever moi8 diverse putAic for yè8rs to come and that we devolop new income stream5 to shore up our finanryal r&sSln¢8. We plan for the ftjture, exploits.ng the fai>fitie$ of the new Howard Opera Centre. thè reinwgoratad Howard Assembly Room and th8 n￿￿lY opened lQno RestsuTrnt and Bar as well as optimlsng tre ènèrgy efficiency of the Opera North estata. We ￿$0 continue to strengthen an¢J dNersfy our staff and Board ofTrusts8s. D•v•lop stsff and artlsts We ¢re81e an environment that nurtures the We￿being of our permanent staff and vl$lUng artists, and fosters new. more flexib16, ways ofworking. We inv8st in a Company4vide Equality. Dlversity and In¥lusiDn strategy, darify tho Company's idenlty and values. creatè new staff trwning and arbst developn)ent programmes, and roll out Carbon Literacy training beyr>nd our pe￿anent stsff to w$iling a￿$1$ and creats'ves. D•epen educational engag•m¢nt We create opportunities for young people, adulis and families to participate and makfr music with ￿ In the purpos buif( Educaiion Suite in the Howard Opera Centre. as well as in schools and ¢ther Communty settings. We inspire young péople of backgrounds to experience, cr6ate and partiupat8 in arts and cuhure., we actively ¥n¢oufag9 and support young perfomws from under49presented groups,. w& ddivor ¢￿￿ti¥9 advty Ihal enhances the he￿th and welkbeing offamllies and communitiés., and wè o)ntinue to develop a programme of community cut￿ra1 angagement Ilnked to In Hamony Opera Norlh. Work In partn•r8hlp Opèra North wo￿$ in partn8rshlp. dètrpanlng our Telallonshlps wilh maior culttJTal partners In Leods and beyond, and wlth leading HE instituUon8 Sn Leeds, York and NewrAsllè. Wè are a champion of enwronmentsl sustalnability In the arts and Culture sector., and we are building on th• su￿$3 of the Musio Works redevelopment campaign to strengthen our partnerships in th6 publi¢ and private secoJ5. Positioning th8 Company a$ a leading advocate for our region. In a normal year our wort Is dallv8r8d under four main strands of a•.. A main$l898 oporatlc programm• in Leeds and on tour A year-round symphonic programme by Ihe Or¢e5ts3 of Op8r3 North Opera North Projacts- ¢reats"ng and programming an innovative rang of gvgnts and performances In diverse artfomis. many perfomied in the Howard As8embty R¢)om. tho Company's $ecoThJ stage. An internationally recognl$ed an¢J extensive Education Programm• Chalmian'g IntroductEon The turbulènea and uncertainty generated by Arts Councl England's decision. announced In Novèmber, to make a 30°h Cut to Mndin9 for the UK operd sertor a$ a whole in the period 202>26 has provided an unwelcome backdrop to the year. Though Opera North is gratifjed to have retsirwl its NPO status, we remain acutely concemed about the broader impact of ACE'S deThs¥on? on the sector and thè i%Jnkn"nuèd absence of a national strategy for opera. In Opèra North's case, our award of standstill funding for th6 period c￿ntinUeS a cut in ￿31 ferrns that stretches baGk to 2015, and the threat this represents to the Group's prixluctivty is comFX)unded by the CLsrrenl decades-high rate of inflation and c¢)ncomttarbt illL¥&ases in operab.ng ¢osts. We are ex￿Mety graleful howevw for the continued uplift of creative tax relief ratas. The year brought slgnfficant managerial changes lo the Company. atK)ve all the announcement in September of "chard Mantle's retirement as General OirectorlCEO toward5 the end of2023 3fleT nearly three decades at the helrn. His successor, Laura Canning. curtently Director of Artistic Adminislration at Garsington Opera, was appointerl In Aprtl and will take up her post in December 2D23 on Richard's retirement. David Cg11ins departed in January lo becorT)e Executive Director at Northern Ballet and was replaced in May a5 ExecutNe Director by Henry FillOux￿ennett. formerly Executive DirectorlDÈptJty CEO at HOME Manchester. The Board is (x)nfident that wrth Laura and Henry in placè Opera North will have the right leadership to develop a vision for the Group throughout the ￿5t of the decade and beyond.

OPERA NORTH LIMrrED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTS AND STRATEGIC REPORTI FOR THE YEAR ENDED 31 MARCH 2023 In June. Rithard was awarded a fichly41eseNed kni9hthc)d in His Majesty the Kfng's first ￿rthdaY honours, in recognition of his outstsnding contrtbution lo oper8. The many notable achievomants of his lenurB at Opera North include Ihg transformation of the Group's home base in Leeds. inc4uding the restoration ofthe Howard Assembly Room in 2009 and the opening of the Howard Opera Centre in 2021: a vHsl eypan51on of Opera North's education o¢tiW"es.' and signature a￿"str"¢ achievements such as the 8 Littl6 Greats season in 2004, the Festival of Britten in 2013. and th8 complet8 Rtng cyde in 2016, to name but a few. Rithard 15 a￿ayS the first to stress that thts achi8vements of thè Group ar8 indeed company achievements, not altributable to a single indiwdual., but il Is h13 leadership that has shaped Opera North's character. whith he once described 8s a'blend of vision. talent. ¢ourag? and rasourc8fiJln8ss'_ words that coubj b8 appli•d aqualty w8Jl to Richard himsèlf. Al of us who have worked with Richard over the years feel a profound sense of gratitude for hi$ immense seNi¢e to the Group, and wish him well in hls r6tlr6m&nL wh&n he wlll doubUe88 ￿ as busy as over. Exctllencè, diversty. partnèrshlp and cofflmunity have characlerised an enomKJusty productive year across all strands of the Group's activibes. We continued to explore innovative vr4ys of dI￿r$Ifying the maln stage repertoire with critically-acdaim•d r8imagining's of Monteverdi's 0￿￿uS and in our 2023r24 production of Mozart's R8quiem. Both were created in partnership.. O￿AsU& With South Astan Arb UK, and ReqU￿rn vrith Phoenix Dance Theatre and two South Afrtcan companie$. Jazzart Dance Theatre and Cape Town Opera. These products.ons wer¢ g1¥0 captured by Opera Norlh's In-house film unh. Owhaus being Iivèvstreamed on Op•raVision platfomi. and Raquiom $chedul¢d lor broadca$l on 8BC4 this autumn. Throughout the year arfistic excelence wenl hand in hand with eré8tivè partI￿patIon acrts5S the work ofthe Edu￿1￿)n. Projects and Communty Partnorshlps t&ams, as well as acaivity beyond the main stage which took the Chcwus aThJ Orthestra far and WKle across Ihe'North'. furthèr emboddlng tha Group in the communities il serves. Tho Incr￿Ing cogt of living and ongI￿n9 revort)8ratlon8 Irom the pandemic c4)ntinu& to Pla￿ a s￿nifiCant drag on our capacity to generate earned income- principdly from the box office- and on fund￿131n9, with liltle Prospect of the économic outlook impr¢ving lo any largo degro• in the Imm8diatè fLrtLErè. Wè remain profoundty grateful lo all of our partners and supporters- indi￿dUal3, trusts and foundations and the corporatè Sector- who have kept faith wrth us during what are ¢hallenging tim&s for &v4ryon¥. Th¥ management is dso mind￿1 ol the impact of thè curr•nt economic 8nvironmenl on our staff. and I woukl like lo pay tribute lo the passion. rasi158r￿g, resource￿IneSS, creativity and commitrnent of all those who work for and with Opera North durin9 what has been a busy and challenging year. 11 is th8 skill, tslenl and dedication ol all our pgoplo whKh enable the Group to fvffil its mission to mak8 opera and music at th8 hi9￿St lev81 of 8¢hiovemenl for and with the broadest rtynge ofaudlgncos and partidpants throughout the North. Maln 8tag• op•r OrfgSnally scheduled for the summer of 2021 before the pandernic inlelvened, Wagnerfs Por¥if4lfinaly opened at Leeds Grand The8lre 8t the beginning of June 2022 befor8 touring to concèrt halls in Manthesler, Nottingham, Gatsshead arml London (Royal Festival Hall). Conducted by fornier Musle Diredor Rithard Fames, the perf0m)an￿5 in Leeds were conceived by director Sam Brown ydfi¢alty for a thealri¢al environmen( beforo reverting to straightlorward concert perfom)ances on the road. The press responded with enthusiasm. Nicholas Kenyon writing in the Telggraph: '1 cannot recommend hwdhly ènough this dramatic￿lY thoughl-provoknno. muslcAIIy enveloping experience, offering a vimd human melaphor for today of hope won through bitler suffering., The 2021 Opera NorthlLeed$ Playhouse co-produdion of Sondheim's A Litth Niglrt Music returned for a second run in the Quarry Theab? in July. thi5 time free of the dislancing and other Covid restsicbons whTrch were in pl?ce the previou3 sufflrngr. Dame Josephine Barslow reprised her unforgettable portrayal Of the ex-courtesan Madame Amtfeldt, nowjoTned by Arnerican mezzo Sandra Piques Eddy as her a¢*ess daughter Desiree. Divèrsity and partn8rship werè at th& Core of thè yeai. The centrepiece of the autumn season was a new version of the eadiest opera lo have secured a permanent pkce in Ihe repertoire, Monteverdfs Orfeo11607). Produced in collaborafion wth Leeds-based South Asian Arts UK, o￿ts$ united the rnusiG of the European baroque with the Indian da5si(al traditson. with arrangements and nèw music composed by Opèra North Arbst-in-Residence Jasdeep Singh Degun, who was CO•Mu￿C￿ directorwith baroque spea￿15t Laurence Cummings. All Ihe musicians- singers and instrumentalists- shafed the stage, lirone and theortK> rubtxng shoulders wth sitar and santoor. Anna Himali Howard's production, designed by Leslio Trave￿. found mythic in the everyday. locating the story in thè back garden of a house which could have been found in any tthyn or uty in the UK The p￿XIUction signfficandy

OPERA NORTH LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORTS AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 ivorsifiod Opgra North's main sla9e aLKlience and ort to win Ihe award for Outstsndiro Achievemont in Op8ra 81 the 2022 Critics. Cirde Music Awards. Tr•A)e￿Il was lauded as'one of the most romarkable operatbc events in living memory.. compl8m8nb.ng O￿leU$were concert porfomianc8s ofaUc￿S 1811￿Cen￿ry version ofthe Orpheus rn￿, Orfeo od Eurfdl¢•, ￿ndUcted by Principal Guest co1￿u￿ Antony Hem)us, with intèmationally-renowned mezz soprano Aice Coote returning to the Company lor thg fiTrt lime since 2009 in thè role of Orfeo.. and a re-staging by Leeds Wayhouse Associat8 Dir•etorAmy Léath ol 0￿heu$ In th• R•¢ordShop by writer, perforn￿r and bealboxer Testament, whith was originty ￿MmisSIOn8d and performed in Autumn 2020 as part of thè Qpera Northneed$ Playhou$8 Connecting Voices fesljval. and later filmed and broadcast in the BBC'S Lights Up Strand of arts progrdmmlng. Comp181ing the aulumn season was a revfval ofAssandro Talevi's 2014 production of Verdi's L• ￿vIlla. designed by Madeleine Boyd. In order to rnawmise the overall nLtmber of performances and fadlltat• ctsnseartive perfoimances on tour. thefè We￿ prinapal casts.. Alison Langer and Mair8 Flawn shared the role of Violetta-. Nico Damanin and Oliver Johnston took turns as Ajfredo", wlth Stèphen Gadd and Damiano Salamo as Alfredo's ther Glorglo Gemionl. Conducting duties wère 81so shared bets¥e￿ Jonathan Webb and Manoj Kamp$. The autumn Mason toured from Leeds lo Ntrwcastle. Notljnghaffl and Salfottl, 9trneraling almo$l £900.000 In box office revanuo, and reathing 92% of finandal tsrgèt. In thè winter soason thè Company presented ts firsl evw production of Richarrt strauss's ontwtslnlng mingling of backst3ge Comedy and myth￿091c8j opera, Arladne •uf Naxos, in a Co-production with Gothenburg Opera, whore 51 was flrsl seen in 2018. Antony H8rmu$ conductod Rodula Gaitanou'$ produthn. with sets and costume8 by George Souglides that cl8varty took inspirab.on from Federico Fdfini's Cinerytta flm studio. T￿rfr were notable Clnecitta Company operallc debuts for Elizabeth Uewellyn (Ariad￿1. Hannah Hipp (Composer) and Rlc Furman. who $1gppgd into the role of Bacchus during stage rehear￿$ f￿[ow1￿j the withdrawal of Erfn Cav88. A busy winter season also included ts¥o re￿4$. E¢fvArd ViSC8ffalty exiibng 2018 pr0dL￿tIon of fosca was Conducted by Music Oire¢tor Garry Walker, with Giselle Al￿n ITo$ca) and Robert Hayward IS¢arpial rèprislng thoir roles. and Magdalen¥ Molendowska singing the lrtle role al some perfomian¢gs. It was'a corker of a show... accordin9 to Rlehard Morrison in a fiv8-Star review in Th8 fim•s'... cast with seasoned Opera North re9ul8rs at the lop of thelr fomi. staged imaginativdy and ¢og¢nty, and with Pucxani's searlftg $com pungendy play￿ ty a fired-up orchestra.. Sir David Pounlney's vint8ge production of Jank's opera about the natural of rpnewal, Tho Cunning Llttie Vlx•n, which Originated al Scottish Opera in 1980, remained as frash and pres¢ienl as ever in thls latest revival, which was ¢r)nducted by Andrew Gourtay an¢J shared wrth a new generatson of opera-goers ￿089 the North in s(ools' mab'nee performancas in Leeds, Newozslle, Nottingham. Salford and Hull. Thè wirrter sea30n generated box office ravenue of almost £1.1 mllion. athiemng 103% of the ffinancial target 0￿heStra and Chorus of Opèra North ch0rus￿ntred projects in Spring 2022 indudad the ffjvival of A LIIUe Nlght Music at Leed5 Playhouse, a series of community and educabon events cujminating in a )la5hmob in the playground of Richmond Hill Arademy as one of Ihe first events of Opera North's Rlchmond Hill Residency, whiL is part of LEEDS 2023, and Summertime, a programme deuised by Head of Music David Cowan for a short conrrt1gur featuring chonjses, solos and duets. Summoffjmé opened in the Howat(J A55etnbly Room before wsitirwJ Dewsbury, Nentr￿d and Penrith, as well as several of Opera North's In Hamiony sehools at Ihe start ofJuty. Thè Cumbrian dates came about through the Rur Touring Neiworf( and wère particularly wel rece>ved. ArtIK)Ugh avdience numbers were modest, the Impact the perfonnances had wrthin Ihese small rural Gommunilies was far greater than the numbers akJn¢ would Indic￿e. Both Chorus and Orchestra wére fr&ont and centre of pa￿rfal. wth the Chorus almost doubled in syze to 60 slngets. The involvement of the Chtsnjs increased significarrtty in orderto fij￿ Sam Br(Mn's directorial vision. This contribuled to the rave reviews the produc#ion re￿1¥￿d in Leeds before o)rwzrt perf¢m)ar￿S around the wuntry played to equally enlhusiaslic audiences.

OPERA NORTH LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTS AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 In the autumn thè Chorus featured strongly in a ct•ncert perf0M￿nCe of Gluck's Orfeo ed Eurldke in Huddersfield Town Hall, where it was part of the Kirklees Concert Season before mowng into the Leed5 Grand and tho regular theatre tour venues where it played in rep¥rtoire wtth th& rewval ¢)f L8 tr8viata. In addition, several Chorus members took ro18s and eovers in both of th8s8 pi8C8s as well as in the groundbreakéng O￿lIe￿5." Monteverdl Relmaglned. More innov8ty.on followed in sI￿d-out perfomiances with JLklia Holler and her band as part of the Huddersfiek Contemporary Musi¢ Fg$tiwal and at the Barbican in London for her new soundtrack lo the 1928 silent ffilm. The Passion olJoan ofArc. This was an exlr8ordinary 8¥8nL wrih even the usè of bagpipes adding to the performance. Chorisiars took kay rol88 in all three produ¢¢)n$ in the w(nter season and covered èven more roles. Thls re$L￿ted In extremety busy period in Leeds as rehearsals and o)ver rehearsals ran alongside perfomiances. Several choristèrs also parform•d th8 solo rol@s in Eug•n• Onegin wilh the Op•rn North Youth Orch•stra under the b8ton of Chrirus Master Oliver Runddl, and were joined for Ihe performance al the University of Leeds by Ihe rest of the Chonjs. Th¢ Onegln Pfole¢t was an excdknt example of all areas of the Company combining lo dellvor a very speclal occasion, as several playèrs in the Orchèstra coached the young musiaans in thè Youth Orchestra. Thg Orch83tr8 bogan sprtng season in Pudsey Cr¥ic Hall, firslly to Teo)rd JMdg•p Slngh Oqgun'g Ary•, tho Concèrto for Sitar and Orch85tra Commi￿oned by Director of Orch8stra and Chonjs Phil Boughton. which was prèmiered in Huddersfield Town Hall in February 2020 just befo￿ the onset of the Covid pandemic. Jasdèèp ovwsaw muth ol the recording, which was C￿)nduCted by Harry Sever and produwl by Floating Earth and Will Todd. The second evenl to tak& ￿ace in Pud6ey Civic Hall was Ihe culmination of the Parsrfal rehearsals bèfore th8 products'on moved into Leg¢Js Grand Theatre for the stage rehearsals. Mombors of th8 orC￿Stra w8ro Inv￿Ved ￿th the run of A Littlo Ntht Mu&c at L8•ds Pl8y1￿uSe. before the July concerts in Millennium Square ￿SUMed fijlly for the first time since 2019. Th&r& wer& thfee avenls.. 803 Classlcal, Club Classlcaland Opera In the Clty. Audience numbars w•r8 lowar than in previous years for 80s ClassicGI, bLrt good night was had by those who did attend, wlth Bdinda Carlisle and JQM Mdè joining the Orchestra for an evening of nostalgi8. John Newman was tho hoadline act at Club Clas&cal and the o)ncert was an 9xc81￿nI axample ofthe way the iwo styles (an Ixjrnbine. The producer ofthe show thought it was the best pèrfomiance of this or¢he$tral club music lusion he'd been involved in. and Ihe audience Certalnty had a good time. Th8 final event was the Opgra in the City gala, and although this played to an audience of more than 800, hea￿ raln dampened th8 •vent. Soloists Elin Pntchard and David Junghoon Kirn were joined by Ukrainban soprano Inna Hueva from the National Opera Studio. who gafvanised the 8udlène• Wilh a Ukrainian folk song. Following the $ummer break the Orchestra retumed for tha Education dèpartm8nt'$ Orchestra Acadomy b8fgrg app¢aring at Ih? Royal Hall in Harrogate as part of Ripon Intemational Fesb"val. The 2Q22123 Klrklee8 C¢n¢ert Season opened in September under baton of Music DiTe¢Aor Gary Vvalkerwith an American-in5pired ox)ncert featuring concertos by Aaron Copland and Artie Shaw perfomied by darin8ttist Julian Bli55. The Kirklees orchestral season continued through to the spring of2023. each concert featuring the worfd premlèrè of a now Minute Masterpiece, and th8 perforniances regularly garnered four and fve star rewews. Tho lunchlirne chamber sories at Dewsbury Town Hall featU￿d an èxtra eoncèrt. a welc0rn8 development that led to reque51s for a long•r s•ason running latei into the year. A Vit￿ ¢omponenl of the (Jjliural lrfe of Iha ar&a. tha sèason ¢x)ntinues lo be a key part of Kirklees Yèar of Mu$1¢ 2023. Futher rec4)rding sessions took place in Ihe Manlle Mu Studio in the swrwJ. of trombone rx)fKertos with soloist Christian Jones, Opera North'5 bass Itomboni5t- Benjamin Ellin's Grnsly, whith Chrtstian premiered with the Orch05tra as part of thè Kirkleès Sèason, al￿ Ellin's Pandora. written originalty for Joe Alessi. Prinripal Trombone oflhe New York Philharmoni Howard Assembty Room IHARI The Howard Assembty Room's year-ft)und festivai programme ol dNerse and èdecti¢ perfomiances Induded more than 80 events, induding appearatw by the poets Linton Kwesi Johnson and Simon Arniltage in partnership with the Jarnaica Sociatys Out of Many festival. LegerEdary Brttish jazz saxophonist Courtnoy Pine, now a HAR regular. was also presènted a5 part of of Many. Inlernational anists in the season indudèd Bassttktsu Kouyate

OPERA NORTH LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTS AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 {Malil, the Tashl Lhunpo Monk$ ffib81). Roopa Pane5ar and Amjad All lthan Undia). akampa Quartèt (Czech Republic) and pianist Samuel Ylrga (Ethiopia) among many othèrs. Opéra North's C1￿C rde (s to its pu￿0$9 and values. arKI over the year speoally curated concerts weré present￿ in thè HAR for Holocaust Memorlal Day (January). Refug•o W••k (June) and Black H5$tr)ry Month IOctob9rl. W¥ also expanded and developed our R•laxed Perfomian¢•s for pèoplè lfving with dementia, and WellbeSng Week•nds f￿lUrIng a rangè of èvents ojntributing to hoatth and wellbeing. Having a¢cess lo the p6rfomlny ¢xJmpany at Opera North is 8 unique privilege. Over the year th6r8 were a number of performan￿5 from company members. induding a sold out concert of Skvo Rolch's ￿ffe￿nI Trains by a String quartet drawn from within the Orcestra. Other produdng and presenting partners acr055 Ihe season induded Laéds 1ntemab.onal Concert Sfra￿n. Leeds Inl&matlonal Film FestNal. Le8ds Internation￿ Festival of Ideas. South Asian Arts UK, the Univewsity of Leeds and Leeds Lieder. The HAR programme aL￿$S thE year exceedod audlenc targets. Artists wer8 nearly 40°A global majority and 50% female. 'Oparè North spares no peins to offgra stlmul81ingpmwme In Ihg HoWarnfAssgn￿1yRQ0n Ron Simpson. Th& Rewews Hub 'Thls 1$ an &vent, th• momory ofwhtch WMI Ilve 4vith m• lora low lime. Tyk& tt To The on An Evening ￿th Lynton Kwesi Johnson 'Aft8rthls ev&nly4YeWit8d, nig1￿rfe¢p&rf0rn￿￿e tt doesn Isomehow s8wn rfght to rnqu8st, nay dgmand. anolhersong, bul Lisa O'N&ill 1$ morn than happy lo otyige ... brfngng Irfh It a Lkne ID a m8gGal ev8nlng.' Godislnthefvzine, on Llsa O'Ntiill Oyrn North ProJKts For the third time In su¢¢e$8ion Opera North wa$ ￿MmIsSiOn0d by the Muslc Biennlaj lo pmduce a now wrNk for the nauonal fvstival of new muslc. Inspired by tho Company's main Stsgo prOduCt￿n of OAph8u$, UK femala 3itaiisl Roopa Panes•r was inmled lo maka a new w￿. The Crosslng, for 51tar, piano and tabla. Sold out performance8 wefft given at thg SoLrthbank ContsB in London. Coventy City of cultu￿ and the Howard Assembly Room. 'Insplrgd by l￿a{hon￿lHIndUslanI balthak concerts. the closo pn)xAmlty of muslclans And gudience ilFfiugn¢es the dimclion of èach perfonnance, offerfng a spa¢8 in wlHch to contonrplale and respond to music aftgrfho dismptlon and tumultof the 18$thvo Yea￿.. Culture For Health Europe Tharè was a retum to London In NoVem￿r for another new Prolecas commission. The Passlon of Joan of Arc. Bringing together electroni￿, perujssion and the Ch¢xu8 of Opera North. AMer￿n composer Julia Holt•r created a fflesffleri8ing Iwe accompanimènt lo the 1928 sdent film ofthe same name. &)Id oul perfomiances al Huddersfièld Town Hall and the Barbican wèrè widdy acdaimed. a five-star rèview in The Guardian rewew describing rf( 85.8 Po￿rfUlfy spellbinth.ng urrion OfinK￿ and souThl.' Resonanee, Opera North's rolling series ol arknst residenfaes for global maiottty fflusic creators. entèred tts sixth sU￿Ssive year offunding fr(Trm the PRS Foundation for Music. with whom wè are a r)alional Talent Dévelopment Partner. This yearfs rèsidènties included NewGa51Je-based neo-iazz singer Ni Maxir*, Iranian refugee pianist and composer Babak Mirsarali, and santoor (hammered dulomal I￿8ye1 Kaviraj Singh. who also gave an st￿laIrned performanGe as Charonte in thé mainstage O@hetss pr(xlu(aion. We are delighted lo have been awarded continuation fvnding from the PRSF for 202&2(Y24. First presented during loGkdown in 2Q20, As YouAre.' A Sounolvalk forLeeds was remounted as part of Leeds City of Culturè 2023. Composed by South Afri(an cdlist Abel SelaoGoe. the score feattsrèd the Orthestra and

OPERA NORTH LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2023 Chorus of Opera North. as well as Afr￿n guest Musicia￿ and Abel hlmsejf. Mote than 2000 people took the opportunity In April 2023 to $00 and ￿$ten to their L)ty with Abol's soundtrack In theli eat3. A¢ademl¢ Partnfrrnhl The DARE Partner8hip belwe8n Op&r8 Norlh and the Universty of Leeds continues to be our main partnership with the Higher Education sectcjr. Erthmpassing slud6rtt 8ngag8menl arml training, collaborative ￿Search. and a jointly rated public programme, DARE is often rited as a model ol best practice for cross-sector partnerships of this kind. Also highty valued is our ongoing partnership Leeds Conservaloire, and we We￿ ￿91￿h1&d to $1gn a now three- year Memorandum of Understanding during Ihe year. Orchestral and vocal ¢xntsibulion lo the Conservaloire'8 training programmè is now 8mbedd@d in thé woth of both organisations. Dunng the year we also signed a naw three-year partnership agreement with Newcasue University, for Student engagement and cdlobgr81ive rgsgarch focus8d on th& human voic8. Wo have hosted hvo student intsms from the UTMvernty ofLeeds, one s￿dent pLicemenl from th8 AccadernSa 8118 Scala In Mllan, and long-temi scholarshlps through the Pettman DARE prograrnma, both bas8d in Opera North EduGallon. We arg c￿$UP8￿$tng two PhD sludtsnts. on8 working on digital innovation {University of York) and the olheT on engagement of the arts with refvgees and people seeking asylum IUnNersty of Leed$l. Over the comlng year we aim lo build new partnerships with the Untvefsities of York and Hull, and have begun inlual conversations wlth the Unlversity of Nottingham 8nd Notbngham Trent Universlty toward a shared partnership agreement betsveen the three organi5ations. Communlty P•rtnornhl The En¢or• 8¢heme now Include8 more thaft 100 community groups ￿presentIng a range Of dISa￿an19g8d group$ across Leeds and beyond. Each ye8r 1500+ indiwduals attend an op8ra. concart or othèr perfomance through the scheme, as well as being able to aC￿sS backstage tours, mIn￿perfOrn￿lCt$ and wfjve a￿ville$. Training for front of hou8¢ Staff en$ucg8 the rfghl dg9rge of Ca￿ and ationtion lor all participants whatever their difficulty or disadvantagè. The Communty Partnerships team also runs Encor• Plus, a spocial highor1ovo18Leme ihrough whic we build dosei ￿latIOnShIpS wlth five or six Selecled partnor groups each year. For 2022-23. these ck)ser partnership groups were.. Lychse Red, parl of Health lor All, whth runs a singin9 group 8nd social dub for oldèr people trom the Chinese community., of Arts, which offers art act￿llIeS and arb51 developmenl schemes for adults Iwing with a disability,. fft¢hmond HffllElcl¢JtyA¢tNon, whith provides support and actrwties for oldèr adults", and VISC (Wisualty Impaired Sod81 Club), which co119c#Ngly organises socaal activities by and for blind pe¢¥le atNI pètsplè livlng with a visual impaimènl. Rè118Cting Opera North's position as Ihe onty opera o)mpany in tho UK to have been awarded Thoatre of &?nctuary slalus for ils work with refugees and sanctuary seekews, the other tsyo partners are tho ReselllenRnl Team ot The Refugee Councilwhich supports peop￿ seekn.ng asylum who have just arrived in the UK, and PAFRAS (Posrtive Action for Refijgees and Asylum Ssekersl whic* supports people in Leeds seeking asylum or appealthg a rethsal. I come l 8njoyth& btrstofmy 8bthty. l gTrlefiH forall that Zoe has donè forus and I it ￿.11 continue., Merwlle, Feel GoodFactor '1 t17ink whalyou doing is 8dmitsbl& 8rKlis verymuth appRoaled knwe would not b& ablg to come wilhoutyour help. Thank you very much., Enco￿ group member .1 have got mental heallh problems- rf was ￿h1￿. Lo￿d thè (fjv8tyof thep9rf0m￿n¢e. A verypowerful message- what a sophisticated extraordinary rnght.. P¢t¢r. Lillle London Arts 10

OPERA NORTH LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTS AND STRATEGIC REPORT FOR THE YEAR ENDED 31 MARCH 2023 'Ju$t to say, wa arn very grntsful forth$ Enco￿ b¢kets Ihat we rg¢wo fiDm Opera North, tryh￿h have all0￿dSOM ofourasylum sookgrgugsts to 8ee8&8 bvènts Ih8y couldnl t)IhèffWiS8 h8ve 8ttondad.' Dot, 7h8 conve￿allOn Club Art¥ Tog•thor is the Leeds-wide nthork of arts otganisats.ons and community group$ that Opera North has been mÈnaging sincé 2019, supported by a grant from Esmée Fairtjaim Foundation. The nefvrfork brings togethor the engagèmènt sehèmès and tickèt offers from an thè mwn cultur81 eèntrÈs in thè city. and $eNes as a or¢&slop shop for communty groups lo 8¢xess these. In add(bon, the network offers training and support in a range of areas, from working with refugees lo mental heath in the workp18ce. and a session was held on best practic8 guid8lin•s for working with people liking with demenlia. Whilst the four-year grant from the Esmée Faithirn Foundation has now expired, we are delighted that Leeds City Council has offe￿d to fijnd the programme for 2023. Op•rn North Edu¢•tlon 'We wtrnt to th& yolrth or¢hestrn 8nd ¢how$ ￿rf0m8n¢e of Eug8n• On8gin y8Stenlay and wgr8 hugoly impmssèd by all ws saw and h&arnt. We cam8 away f881ingproudfo b8 asso￿al9d wlh Opord North and all it do8s. Opgra North Patron, Marth 2023 The Op•ra North Youth Company. ctsrllprising Ihrtre choral ensembles aged &18. continued to train and perfonn throughout the year. More than 40 young people perfo￿ed in the main stage productions of To￿9 and Th8 Cunning Litt18 in Iha ￿nter season. Away from the main stage, Ihe perfomiances of Th• S•lfish Glant thot took place in tha Howard Assembly Room at the beginning ofAu9USt 2022 gamgred a four star rewew in The Ravièws Hub. Co-eommissionèd with Garsington Opèra, Th& Solfish Gi8nl featured the younger members of Ihg Opèra North Youth Company alongsidè prol•ssional sokmsts and muBicians ITOM the Orchestra of Opera Noth. Whi18 tha Opara North YoLrth Orchèstra Continu￿ lo grow in both sile and slalure, the focus for the Educ811on 198m ovei the year 2022r23 was to develop progrnmnw to brtdge the gap betsvetsn In Harniony- a first accoss prowsion which celebrated ils 10f birthday in De¢mber 2022- and the existing youth lalent devolopm8nt provi8iDn', and so the Young Mu¥lrlan¥ Stsdlo and In Harniony Cholr were bom. Moéting wèèkly at a local secondary school on a Saturday moming. the Young Musicians Sludits offers dasse$ in musieianshlp, Imp￿S8￿0n and composition, as well as ensembles and small group instrumenial luil(on laught by spocialisl tutors., a genuine davelopment pathway lo support chikJr8n and young wtrm) demonstrate the potential and enthusiasm lo devèlop beyond the flrst ae4SS pro￿S1On prctwded through In Ham70ny lo over 2.SW children each week. The In Harmony Cholr me&ls al Indlvldual In Hannony schools, after school, weekly.. coming logether for term pèrfomanceg. some wth the Opera North Childrèn's Chorus. Summer 2022 saw numerous short Cgursgs run for young ￿0p1& al the H￿ard Opera Centre.. a Creatlve Arts Comp for children aged &11,. a Strtngs A¢ademy artd an Or¢heslrn Acadomy lor mor• advancad studants. In tha autumn the EduGation team delivered a rartge ol aCti￿ty to appeal to Ihe young and not so young.. both In person and online. For tsmilies. Bring Along A Baby Cholr aThowed a seth'ng for new parwts to spend Some time in 8 rèlaxed sensory enwronment with thèir baby while enjoying some group singing wilh other adults,. the LItU Li5tgn•r6: Carnival of th• Animats orchestral (￿nCert returned by popular demand in Seplefflbei in the HAR, with rther dates on lour. For families al home, the leam Teleased a series of films basèd on Sairrt-S￿ns. Carnival of the Animals., and acbvity introducing children to Indian musical instmments was addèd to Opern North s Ltttte School of MLt$lc to complement the mainge ptodudion of Owh8us. In the winter season the Education tèam look opera far and wde actoss the North". the irrtetactwe farnily show Lltllg Listemrn: Mini ￿￿en. based on the music and story of Janatsk's The Cunnlng LAtle Vtsen. reached over 2.750 peoplè through 44 performances in 32 venues,. ranging from fibrary settings and schools lo Sm￿1 venues in towns and ¢￿e$ induding Dor¢caster, Huddersfield, Wakefield, Leeds, Salford Quays, York. Wotkingli)n. AJFwiGk and Nottingham. The Opera North family strand ol work was lomially rècognised when thè Fant&%tic forFamilies Awards shoruisl was announced for'thosg who hav9 madg an outstanding Gonfribubon to familyand ag&fiiendtyarts and Cultu￿ in 2021-22., January 2023 saw tha start of the s8(x)nd rterabon of Big Sing: The WaterDlvlnerfs Talewhich In 2023 culmlnales in summer pérfomances in Doncastèr, Bafflsley, Leeds ar)d Mnwick. Mearnvhile. Opera Norlh was zwarded Outstandfrng Musl¢al InrtlaUv8 at the Musit & Drdma Education Awards frjr the 2022 versiow) ofthe projeLI whK saw the specially commissiord arrangetllent of The WaterDiwinerfs Tale, by ￿mpoSer Rachel Portman and libietti51 Owen Shee15, ￿]ng performed by over primary4ged children from 22 sthools across Cumbria. BamslÈy. Don￿Star and Leèds_

OPERA NORTH LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTS AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 'Thg Judges wgrg Im￿SSed by the scale and Ind￿￿￿Ofth1Sproiad, also comm8nling on ¢h& Importance ofth6 topic. 7hgy nolèd that th& rang& OJ LIPD and resouThs provided forte8tthè￿ will ensure Ihat fhe proj&ct has a 16gacy. Ihis Is 8 18rge-scale, ambilious and imme￿1Ve pwt wrfh c18&rewd&nc& olqualitative 8nd statistiGal outcomes fortho ohildTrn involv¢d.' At the other end ofthe age $peclwm. the •¥al&￿￿nIng 0￿1￿8 Singing coutse. From Couch to Choru$, retum•d for a fifth ediuon. attraeting 650 participanl8, aged 23 to 88. from six c4Junlries", a group of older partlc4pants worked tO9ether under the expert guidance of the Education drama ¢oxh Gemma Woffinden. and Edutstian vocal anirnatour Mane Claire Breen, 10 51ng and slag¢ the'Brindisi' choru5 from L8 trnwata during a $￿e5 of knhour Sessions held over four weeks. Monthly session5 in th8 Bramall Edu¢ation Suita forthose living wth dementia brought a much wel¢ome ray of sunshinè into parlicipanls, lives. Dlgltsl programme A film of 0￿h•us.. Alonteverdl Relm?glnedw8s captLsred and str8amed on Operavlslon on 31 (Ictober 2022 aft8r which it was avai18Ne for six months. The digit￿ tèam tn"alled É new hybrid model for 0￿h￿U8, workng wllh a smaller technical crBW Irom outside broadcast c£)mpany Stagecast and a toam of frgelance camera opeTalors and sound engineers. while Opera North ￿mb0[$ ol stsff also took key roks ￿thin the projecl. including Director, Producer, Produdon Manager, Camera Operalor and Script Supomsor. Thi$ enab￿1 the inthouse team to fulty dtsvolop tho projec creativety, lo build In-hou$0 skJll¥ and capacrty. and to establish that we CoL￿d delNar a high- quality film intèrnally al a mu¢hrfedu¢ed project ¢osl. The film had 42.500 views on Operavlsion during th& slx- month period and fantastic audience feedback Irom people around the wortd, induding a signfficant audience in IndlB. and a young new-10wo￿ra audl¥n¢o en9aged via a serle5 of TlkTok pos15 th¥1 drove traffie to thè film. In the Howard Al￿Mbfy Room, Iho toam dld a $erlès of test films in Summer 2022 to see the possibilities of the kil and 8gt up, and to create a show reel whith could ￿ $harèd vAlh In￿mIng artists and tholr agents to $howc8S9 th& wort that could b8 creatéd through collabor8tion. This 1$ now comin9 tc flu￿0￿ with gig5 captured and r¢•¢y for sI￿arnIng behind a payw￿1 in A￿U61 2023. The 1&grn has continued to cr8al• promtional ¢ontert for marf(ellng and communications campaigns. and video is one of thè prtmary channels for engaging aUdier￿e5 and cA)nveiing lo tid(ot Sa￿5. For oxampl$ tho ToJ¢a trall•r, ¢real&d Inthousg al no ￿3t other than staff time. geneyated upwdrd5 of £20k in tickat salès rvenu&. Othor film wor Indud8s prolle work to showcase 5ignrficanl projects, frK example th¥ In HanYThiy 10*•ar nniv•fsary film whlch constitutes a celebratory moment but also 4 fikn that can ongage supporters and potential partner3. Opera North Is a m8mb8r of the adwsory group for The Space. the nalonal digttal hub ftjnded by the BBC and Arts Councll England. This group is particularty interested in a shaTed rights concordat. and r￿archIng the irnpact of digital distribullon on audienc¥$ for live perforniance. We remain members of Oper8Vision {Ihe El￿fvnded Opera Europa channel for sharing flmed opera producitofks). Fundralslng Opera North continues to pursue a wde base offiJndirrtJ to support its work, drawn from private philanthropy. Ihe corporgte sector 8nd tharitable trusts and fovndations. The Cornpany beneffts from signfficant support from individuals and Irusts and foundations a￿$$ the b￿adth of work Irom education to communrty partnerships. artist developffienl and main stage repert(>ire. The pandemlc presented a svJnrficant challenge forbjndraising. and a key fO￿S ofthe year was to start the process of building back to p￿-PandeM1C levels ol fundraising. Wrth much of the Comparw's work rtow back in fvll swing, from main stage opera lo edu(xb"on aLtMty aw)d communtty partnerships outreach. there is increaslng OPPOFtunity to cultivate new sources of fundrnised incomè. Opèra North is enomiously grateful to the many indmduats. trusts and foundations and corwTrrate patlners who conttnue lo support us as we eM￿e from the impact of the pandemic. Asid& from our key suppcwiers. Art- Council England and L￿1$ City Counal. major supportets duiing the year includéd= 12

OPERA NORTH LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTS AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Thè Liz and Tery Br8m811 FoUt￿tIOn ￿e1X).0000 over Ihree years) towwds the education pregramme In Yorkshir8 Leverhulme Trust1£239,305 over three yearn} towards residenc4e5 for student opera singers and repetiteur5 at Ihe National Opera Studio and the Royal Northem College of Music Esmée Fairbaim Foundation1£40.000) tOWdTds a crosKity partnership of culiural organisations designed to engage disadvantaged comrnunrb8S With Ihe arts Tho Patron$ of Opera Norlh h8r8 donors hav8 placed restricions on th8irgifts, tha amounts have been irtdud￿ with(n wstrlcted funds. We also continue lo receive support from the Higher Edu¢ion ￿tOr. most notably the University of Lceds. as well as Irom the corporate sector. Corporale don0￿ induded Victoria Leeds (Hammerson) for ￿eSS actrwty. th& Wast York8hirg Ti¢keting COm￿nY In 8UPWrt of upcomlng woth on stage. as well as conb'nuin9 partnèrships wrth BDB and S8garB. We record enomious thanks t¢ an increa$lng numb&r of IndNiduals who a￿ enabbng us to build $19nrf￿anI philanthropic support lor lh8 work of Ihe Company. as wdl as The Fulurg Fund. currentty enhanced by a Cataly¥l Award from Arts Cound England. Plan$ for futum p•rfods Maln •tsg• op•r4 Tho artistic programme for the FY2023-24 ts)mmence$ in May wllh The PeJrlF13hers and Raqulem al Leeds Grand Theatre, for which d•S￿nerS Joanna Pather (sevcostumeslwdeol and Peter Mumford Ilighlingi create a s¢eni¢ envlronm8nt SP8cifically for knlh productions. DireQod by Matthew Eberhardt, Thg Pe8rt Fishe￿ builds on the experience of presenting P8rstr81 in a hybrid thealrèlct)neert Staging at LGT in 2022, although this timo the Orche8lr8 is In tts usual pla￿ in the pit. The ptoduction r•sponds to the chalenges of prosenting th• prientall81 fantasy (rfthè opera's 19th century croators for a 21st century audien¢o. Matthew Kofi Waldren contjucts In Leads and than In ¢on¢ert Perforrnances on tour in Manchester, Gateshead. Hull and Nottingham. As with 0￿￿&￿$ In Autumn 2022. cross-cumuffjl exchange is ot the heart of Roqulem.. Joumey$ of the Soul, tho product of a fOur￿aY intemational cdlabofation befv4e&n Oper3 North and Leads newJhbours Phoenix Oance Theatre and South African partners Jazzart Dance Theatre and Cape Town Opera. C¢nceived during the pandernic. this double bill pairs Mozart's Requigm with the world premiere of After rea￿.-After8 Requ￿rn, a n work by South African comp05er Neo Muyanga. Both wovks are condu¢ted by Musie Direclor Garry Walker and dlrectedlchoreographed by Oane Hurst. A of R￿q￿&M ¢aptured during Iwo of the pèrformances r$ to be broadcast on 8BC4 later in 2023. In Autumn 2023 Opera North 8mbatks on its first fvll season of sustainable produ¢ltons guided by the ThÈatre Greerb Book, an industry-wlde Initiatrvè which knlitales Sustainable ways of Wu￿1ng across productions, buildings and operations. &'lled the Green Season. rt fèatures r￿W produthons of Verdi's Falslaff and Puccini's La rondine directed by, respectively, Olivia Fuths and James Hurtey, arKI the world premièrè of Masque of Mlghl, an'eco- 8nt8rtainment' adapted and assembled by Sir David Pounlney ftom w0￿S by Henry Purcell. Designed by Lesli8 Travers, wth costumes by Gabrielle Dalton and MAri￿eanne Lec£a. and lighl.ng by Paulc Constable, all thrè8 p￿￿ctiOnS use shared scenic elements lo create three intertinked yel dislinctive designs. All sets. props ar costumes will be sourced tom pre￿0￿$ pro(lu¢tJon5 or purchased secon&hand, thus rpducing the use ()f materials and the carbon footprint olthe season. rim Wbory's durable, acutely obsèrved producbon of Mozart's unsettfing Cosi fan tutte relums in the winlei season, lo be I￿ned by an intriguing dc¥Jble txll whith brings together￿0 products of y¢xrthful genius. Kaiolina Sofulak's pmduction ¢)1 Mascagnls Cavallena n￿liCa￿a was first seen in the Littie Creats Season in 2017, and she also directs Opera North's first ever production of Rachmaninotrs èarli&st opera, Aleko. composed when he was just 19 year5 ￿￿. Gompleth'ng the season is a reviwdl of Giles Havergal's 2013 immeTrive site-spècffic production of BnttÈn's intimate vdlage comedy All)ert Ilemng in the Howard Assembly Room. This will also be 13

OPERA NORTH LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTS AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 streamed online on the Operavision platfo￿ ¥0 that11 Can ￿ sharnd wilh Opera North audiences a¢ro$$ tho North and béyond. Apart from Alb8rt Hèrring, all ofthe productions in the autumn arKI wintsrth¥atre seasons will open at Leed5 Grand Th@atr8 and tour to NÈwestlo. Nottingham and Saiford- in addition. there wll be a retum visit lo Hull in tha wintér season wlth Cosl fan Èutte. Projects Highlights ol the 2023r24 pn)grammo Indude: - Summar 2023- Ta•1 Y•tr•. a sound and Ilght instaThalb)n ￿ perryjsslon from India and Africa, will b• remuunled as part of tha Blu• Dot Music F¢$lival in Jodrell Bank, Cheshire. wh•re tt ￿￿1[ bo experienced by more than 20,rJ>J people over one weekend - Autumn 2023- a $pg¢ial sgries of enwronmentslly o)nscious talks, films and muslcal perforTnan¢>$ wlll be p￿sented in the Howard AssemtrAy Room lo atLompany lh& GreÈn Season on the rnainstsgfi - Néw projeds indude R￿Qnance Conn•cC a Sky Studios 9)Mmi￿On that wll brfng together global rnajorfty musi(#ans from 0￿ra North's Resonance programme wrth filmwmakey5 to creatè short music films for broad¢asL Resonance wil also expand to indudg a now rèsidew programme for refvgee muslc creators. called R•$onan¢• Rthig• - The Howar(l A¥$embly Room progTamm& wjll iftdudo arthsts from Koreo. the USA, Ireland. Lmbabwe and Pakistan, many of whom wl be glvlng their only UK perfonnance$ oulslde Londtrn. Partner pre$enlors in th8 HAR for 202>24 indude Leeds Intematlonal Fllm F•tlval, BBC Radlo 3. Contains Strong Language poetry festlvl, and South A•lan Arts UK'¥ annual o)ncert for the wlntar sol$llco. Klrklo08 Concert S•ason Music Director Garry Walk•r opèn$ the 2023r24 I(￿¢¢$ Cona8rt Season wfth A 'New World, themed programmo fealurinq works by Gershwin, Puello, Abrèu. Gulda {vthosè Cello Coneertg f0alu￿$ soloist Andw¥ Brdntelld) and Dvorak's MU￿10¥8￿ Symphony No. 9. Further highlights oftha orch•stral Season indude: - Portuguese conductor Joana C•rneiro in her debut with the Orthestra of Opern North in a programme induding Beelhoven's Seventh Symphony - The Orchestra I￿n$ forces wlih the Chorw of Opera North for Bemstein's ChithgsterPsalms and Holst'$ 7FJe Planots conducted by Andrew Grnms - An al￿F￿nch programme conducted by Jull• Jones featurtng Ravd's Rhapscth Espagnola, Bertioz's Symphonie Fanlastiqug and fOrn￿r Leeds 1ntemab.onal Plano Competibon winner Artur Pizarro in saInt￿a#n5' Piano Concerto Nts. 2 - Principal Guest ConductorAntony Hermus with Rimsky-Kotsakorfs Schehernzade and outstanding British pianist Steven OSI￿rne in Ravel's Piano Concerto in G - Garry Walker in the dosirg ￿n[rt of the season featuring Mahkrfs Flrst Symphony and Richard Strauss, beautifvl musical farewell, the FourLast Sonjs. sung by soprano Frnncesca Chiajina - eommis¥ions frorn five ofthe original ￿hort of Minute masterpIer￿ wmposers. An extended Dewsbury Chambar Covjcèrt Series will coftb.nue to play ris irKreasingty wtal role in the curtural and community life of the area, with sman ensembles from wilhin Ihe Orchestra and speaal guests sharing the spotlighL including sopranos Ellle Laugharne and Elin Pritchard. tenor Dafydd Jones. Opera North's Head of Music David C¢)wan and Assistant Head of MusicAnnett• Saund&r¥. and sitarlstJasdeep Singh Degun. 14

OPERA NORTH LIMITED TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORTS AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Frlond¥ of Opera North Th6 Friends of Opera North 1$ a sep8Talety regist8r8d charity. tharity registered number 507574. Trustee$ ofthg Friends of Opera North &1 serve on the board of Opeo North Ltd. For the pu￿Se3 of th8s8 accounts the tsvo chariti8s arè bèing treated as entirely ￿parat but S￿ deemed to be relatsd parties due to the tNsle88 of Friends of Opera North serving on the board of Opera North Ltd. Structure. Gov•manc• and Management Govgrnlng Docum•nt The Company is limrted by guarantee and r89i8tèrèd a5 a thaiity under tho Chities Ad 2011. It 18 govwned by ils Memorandum and Artides olAssociation dated 13 M8r¢h 1981 and amen(led 2 July 1981. 14 July 2000 and 19 August 2005 to ￿loW for current ggveman¢ arrangemenls. The Company enjoys chantsble ststrjs for taxation purposès. Any porson Can appty to become a member of Opera North Limited and musl be approved by the Board sh811 have absolut8 discr8tion as to the admission to mgmbership. Each Tnember a9WS to tntritrJte £1 In the ov8nt of the charity winding up. Oper8 North's fijllyaowned sub￿diary ttmpany, Opèr8 North Trading Limited (formerly Opera Noth Productlons knmited), is govamad by its Artkles ofAsscoation as amonded on 13 Juty 2021. Appolntsnont ofTru¥tsos In accordance with the Artides of A¥8ocialJon, the number of TrugtO0$ shall be at least fve bul not mor• th8n seventgen. In every year. one third of the Trnslèes shau r8tira frorn office and rf eligible can offer thems&lv$s for r eledon. In 2019, in line with the latest recommendations in the Charity Govemance Code. il was resLlved that Ihg maxlmum leffl Should bg reduwl lo nlne yegrs, oxcepl In exceptKJnal a￿UmstanCes. The Nomlnatsong Commilttrtr recommen(Js appointrnent3 to the Boarf of TnJst88s. All Tru$lee$ are mombors of Opera North Limited. A TnJ$lèe sknl1$ au¢Jit is undertaken regularfy lo assess both indkndual and ￿llectIVe current spaclallsms, and knowledge areas to 8id the ongoing revièw of the board makfrup. Tru•ts• Inductlon and Trnlnlng New Trustees undergo a prograwnrne of Ind[￿tiOn, which Is planned to allow a thorough Insight into th8 aCt￿rtiO$ of the Company. The Trustee spends time wrth key gmployees throughout the Company both in the administralivo offices and stage and porforrning areas. Al the time of apptsintmenl each Trustge receives an Indu¢tion Pack which Includes a copy oflhe Memoratmlum ank1 Artrcles of Asswation. the dates of meetiry and Structu￿ ofthe Board and term5 01 reference for all the working su1￿commit1￿eS of Ihe Board togelhèr with a c<spy of the Business Plan, most recent financi81 slatemenl$ #nd olher appropriate lileraturg detsiling events and forthcorning activhièg. Throughout the y¢ar Trustee5 are sent other relevant updates lo keep them abreast of their responwblllties. Organlsallon The Company has, in the opinion of the Trustees, stmng ¢orp)rate govemance appropriate ft)r its svze and operations. The main Board rneels a minimum of five liwes a year and the s￿￿￿mMitte￿$ of the Board, natnely the Finance and Gèneral Puryjoses Commiltee, Nominalions Committee, EDI Committee. Developmènt Cornmittee and Health and Safety Committae mèèt in a(XOTdar￿ wlth thelrterms of rèference and report in full to the main Boarij. The Bosrd has a General Director to manage the day4(Hlay operations of the Company and the General Director has delegated authority for 0￿￿4110naI matters induding finance, employmènf and a￿StiC perfomia¢)ce related a￿￿ty. The roles and responsibilities ol the Chaiman arhd Ihe General Director are included in the Compan¥s Corporate Govemancè Manu81. The Subsidiary Company. Opera North Twalting Ltd has it's 17wn board and reports Inlo Operd North Ltd. Key Management Personnel In addib.on to Ihe General Directtsr, the Companys senior executive team cornprises the Executsve Oirector (Dawd Collins to January 2023 and Hènry Filloux-Bennett May 2023), Music Oirector {Garry Walker), the Techni1￿1 Director (K￿rOn Dochertyl, th¢ Planning Thrector {Chrisb"ne Chibnanl. the Th"rector of Orchestra and Chonjs (Phil Boughttsnl, the Projects Diredor (Dominic Gray). the Director of Edu(*"on and In Hamit￿Y Leeds (Jacqui Carneronl, th8 Dir8cfor ofAudiences IEmity S"rnpson}. ￿ Operalions Director (Rid)ard Ashton). the Financ8 15

OPERA NORTH LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORTS AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Dlrectrx Oth'rsten Bullenl and the Developrnenl Director {Liz Drapef -from May 20221. Fortnightly rn8etiThJ3 arè held togelhgr. The pay gf S¢lliD( Staff is ceviewed annually and norM￿ty adjusted in lin6 wth a company-wid8 inflationary increase. Al tho time of appointment salaries are benchmarked across the secaor in similar industries. Where there are particvlar 5kn"Us requirèd or f￿ comparator rolès against whith lo banchmari the remuneration is set in the o)nlext ofth6 charita￿& sector as a whole as oppos¢d to the c>ynmercial secaof. Rdat8d Parti•s The Company has received Substantlal grants from two rnaln pU￿C bodl•s. Thes• main $tak8holdgrs. Arts Coundl England and Loeds Clty Coundl, ar¢ alowed lo nominate Tepresentatives to attend and ObSe￿e Board meetings a8 part of Ihelr conditions of grant. The nominee representatives come to ￿casional Board meetings and whilst encourdged to contribute tts the prrteedlngs are not Trustees and are not ent￿ed to vote. These stakeholders arg not rglal¢d partses as defined in the Statement of Recornmended Prac1￿e. A￿u￿tI￿a and Reporbng by Chanb"e8 {Charitses SORP {FRS 10211. 80th thg Frfend5 of Opera North and Opera Norlh FLrture Fund"aro considefed lo bo rnlalod parties due to the pr•98nco of rnulu￿ board mem￿r9 and the dose afignmenl and Inter￿latIon of their charitable objects. Opera North Future Fund is an independent InJ6t, tharity registered num￿[ 1122499, the obj&cts of which are lo promots and further the Obj￿ of Opera North Llmtled. Htralth and Safety There is a strong health and safety CLlture wilhin Ihe Company and a firm cilmmitrnenl lo en8ure a safe &nvironment for staff. guest perfomiers and visitors. Oudng Ihe year. th8 cornmittee was chaired Initially by Rlchard M8nll¢. Gèneral Director and then by Sarah Hall. The ojmmlttee comprfjses elected ropresgntatlves frorn all arag8 within tha organisation togathar wllh the General Dlrector and three $enTror managers ex-officio. Thg cgmmlttgo oversees strategy and policy, tralnlng needs. compliance wilh legislatjon and ensures regular wortpla¢g In$pectSon$ are carriod out in all its v&nu¢$. We have continued io workwith a S￿la11St flmi who hav• a¥si8tod with doveloping suitable polides, proc8dure# and risk assessmonts. Publb¢ B•n•fft The Trustees are aware of the Charity Commission's advbce and gvidance to Charities on Public Benefft and ensure thaso principles are embedded in the WOTk Opera Norlh does. The Trustees ry)nsKJer they meet the crit6ria of a publle benèfft enity. The present report 9ives a stron9 flavour of our aclivffts in this re93rd. We seek all outlets to publ￿se tsur broad offering and the range and exlenl of engagement opportunities wilh the Company can be found on our website. Opera North aim¥ to present rt5 work to as broad a range of audiences as possible, bolh through INe perfc￿0n￿. broadcast ie(xJrding5. Iwe5tseamin9. and woth with(n schools and Commun￿e$. EaAier strrbons of this Twstee8' Report detail the activitsès undertakèn by the various departments to achieve audiancè partiup#tr"on and engagement. It is worth repeab.ng in the paragraphs below sorne of this al"￿ty. Wg und8rstand tha nead to arbculale the impac of ourwork arlistic￿fy, financtally and in temis of tha wallbaing impact on those who participate in workshops and enSem￿eS or experience our work in perfomancè. In thè Coming year we will Improve the Measu￿ment of our activity across all of these metrtcs, allowing us lo make a stronger Base for the Company, our artfom and the rxeathve induslries more gweralty. Our work with young people is centrd lo the Company's actNity and we continue to expand the In Harmony programme in schools alongside our other education wort. Our work in SCI￿oIS has been recognised by tea¢hers lo irnprgve the conEentratiow) and conffidence of PUFxls with a Fy)silive impad on educab.onal attaintnent alT05S the curriculum. The grovrth of OUT vocal and instNmental ensern￿es for young people arè a ¥ilal part of our workto éate pathways for those of all bad(grounds to continue active partiupation in music. AS a leading nalional and region￿ cuttural organisatJn we endeavour to ￿3Y a leadership rde with our peers, sharing expertise and re50uvces where appropriate to support Smaller arts oiganisations and artists. Being the 16

OPERA NORTH LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORTS AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 lar9e31 arts organisation in th8 rog￿ft brfngs with it a de9￿ of infiuence. and al the same time a responsibilty to support our arts partners and to paiticipate in wder (1￿C agendas. Equality, Div#rsSty and Inclusion Ert$unng our WO￿ represents and is acces8iWe to all in coMmun￿e$ we serve is a priority for Opera North. As well as th$ WCrk on our stages and awb.sts w8 employ, w• know w• must make greater strides in diversfying our workforce and leadership, through creating a tnjly indusive w0￿p1a( to ensu￿ we are able to attract, ietain and develop people from all backgrnunds and protected thardcterfsthcs. We have continued to workwith Tonic Theatre frI1￿￿n9 their Otversity Rewiew ofthe Company and aro w¢M"ng towards the creation and implementation ola new EDI Strategy fof Opera North, to bg delivered by the organisation's EDI Le2d who starts in post in August 2023. Progress will continue lo be monitored by a Board-18d Inclusivity and R61ttvance Commitiee. wrth support from staff DiveTrlty Adon and Antl-racism groups. On our stagos we ￿ntinue lo embrace thè crealive ¢os8 for dNersity. th& PrOd￿tiOn of ￿h￿s. a eollabor81ion th sAA￿k. resutted in a musical o)Ilaboralion betM8en weslem c4asse81 and Indian dassical musI￿anS in the ¢Teation of a unique, accIaimgd rgima9ining of Monteverdi's Orfeo in Autumn 2022 Envlronm•ntal Respo￿lbIlIty As an opera company with a global tsullook, Opora North b811￿3 tt has a Tespon51bilfy to put envlronmenl81 thinking and aebon al tha heart of it does. By engaglng employees, music¢ans. audiences, communitle3. and supporters in the environmental proce5S. the Company can hdp lo reduce ts en￿ronMents1 Impact and carbon footprint and insplr8 vAder change towards a more sustalnable fubJTe. Actions during the P8Tiod Induded.. lrtcrea8ing the pool of lTrhoU￿ qualrfied train8rs to ￿￿1V¥r Opera North's besp)ke carbon Uteracy tralnlng. Thi5 ensured we werg able to maintain 100% tralning for our fu114im8 employees The appoinlme¢)t ol a suslwnatslity d)ampion from Sustslnable Arts in Leeds lo help plan the implernentation of th¢ Theatre G￿n Book prinoples to the Autumn 2023 mainstage Green Season. Th¥y began to assess, through regular reFQrting and executive eonsulb"ng, an aclton plan and route map with the ambitlon of achlo￿ng thè Theatre Green Book's Intem￿diate acLreditation for sustainable productions whlth will be reported on next FY. Earty briefing fot the season's direclors. sét dasignar and coslumo d05igner5 resulted in their $igning a Green Prc*Ju¢bon Agreement Earty engagement ￿th our w3iting thaatres for the season commenced The continuing Cole￿ion ol Lrtility dala, interrogating and asg0s8ing any savings where posslble. Th8 majority of the Company's Lrtliti8s had already beeft lo¢ked into ffixed tem eontr8¢ts to 2025 prior to the major volatilty in the energy market during this péllod, so thè Company did not aXP•ri8nc8 th8 major untt cost rises others experienced. We maintsin&d Mntinuous dialc¥Jug with our energy advisers about the one electrioty contract due for renowal in Autumn 2023. Al the electricity contracts continued to be 1 tKJ% neWa￿e and thè gas contracts 100% green w Ibiomethane gas from anaerobic digestion Flantsl. Inuease in electrictty Usage during this period was rrwjslly due lo the opening of Opera North's restaurant Kino {there is no gas 5uppb.ed into the ￿SlaUran1) The completion and partictpation of the Arts Counal England'5 National Portfo]io Organisation Spouighl programmè. which aimed to help participating organisati￿$ take steps ¢)n theirvitsl decathnisation loumey and to reduce energy use emissions Generating 12.897 kilowattthours during the from Ihe 51 photovoltalc panels on the Howard Opera Centre r￿f The ￿mMiSsiOn1n9 and producing of Big Sing: The WatsrDivin8rfs f818 by Operd North Education. This worf( by cornposer Rachel Portman arKI lib￿1￿51 (hven She¢ts is on the theme of cfimate change and how we are all ￿SponsitAe for our actitsns on Earth. Schoolctjddren performèd as part of a massed chThr. accompanied by professionJ soltysts and members of the Orchestra of Opera North. 17

OPERA NORTH LIMITED TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORTS AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 Extsnding Roach ¥Jnd Accts$lblllty In Summer 2022. a Whistlestop Op•R Tale of Oq)h•u$ & Eurydlce was created and toured to C4Jmrnunity settlngs and venues across Ihe North, gmng many people Iheir first expèrt8rK of thè union ofwèstem and SoLrth Asian dassical music which would be at Ihe heart of the main stage production of Orpheus in th8 autumn. Opèning at the Howard Assembly Room, A T8le of Otphgus & Eurydice toured to a gur¢)Wara in Chapeltown and appeared on the main stage at Bradford ￿tsTatUre Festival. as w•1 as visibtvJ all our touring cities and reaching a wide and diver3e audienc8. Opera North Strivès to maka its work o￿n lo all. with speth acceSsi￿e performances of maln stage repertolrè, including Audlo Des¢rfbed and BSL interpreted. In addition, the￿ was a relaxed. demenlia-friendly & BSL- interpreted performance of La tsavlata in¢lud¢d In the autumn season attradng over 300 Fwple 8cces$ or neods. in particular those Ilving vrilh dementia and their Gwe￿. Reserves pollcy The unreslricted funds of the charrty are £29.395,258 (2022 £16,286,460} and forthe group £29,335,898 {2022.' 18,28e,3511. Free reserves exclude restricted funds, fvJnd5 hetd a5 fixed assets Used by the chaThty,108ns u8ed lo 8cquire fixed ass8ts and particular d8slgn4led fiJnd$ which havè bèen set asldè for specrfic pUrptr￿s. The fr09 rg$¢rv8$ position at 31 March 2023 shows poslfve free reserves of £3,362.530 for the group (2022.. £2,928,729) and £3,421.8￿ (2022.. £2,908,898) for the Company. During the year, £￿0,0￿ of a lyjsiness plan dgslgnaled fvna was transferred to gengral unrestrictèd fvnds. Restricted funds relating lo Muslc Works Capllal project Were trdnsfèrrèd to da￿gnatel fvnds refflecting pmlect complolion now cry1d￿0n$ relab.ng to their orfglnal r•stri¢tion h8v8 been saugfled. Our current reservès pollcy is to hold a lèvel of free rèserves Ihai re11ects thé ass858e•J ￿Ve1 of rfsk and to me•1 short-lerm planned defiols. The level of risk is st￿1 ekvated bLrt r&duced from our 2022 posltion. The approprtat8 1gvg1 of rgserves is 8ssessed at ￿3.1 m representing tN40 month$, runnin9 ￿$ts. Tho ie8oNes pollcy is kept undor annual revièw, takin9 into account changing risk le¥ds and fore¢8$1s. Strnt•glc Rgport Financial Review Ahead of 2Q2J23 finandal year. a doficit positlon was forpcasl. Box OffKe income has pickgd up in tho ygar bul Ihg Spring season in particular generated eamed Income beltyw target. We romain 8Xtr8mely gralèful for th8 (xjnstsnt support from key stskeholder5. mosl nolably from Arts Council En9land and Lèèds Cty Counc4. Vvè are extremely gratsfvl too for the increased ryeattve lax re￿fif ral9¥ applicable in the year and for the extenslon of thg onhanc4d rates to 31 March 2025. Gèn8(ating the lèvèl ol othèr planned fundraising income has been callengirtsJ and In￿me fol sh(*t of tsrgets. However, the highertax relief rates fcjrlheatre and orchesira tax ￿liEf have been most welcome and this incroas8d rate, coupled wrth a review ol our daim calculations has g8neTalèd a¥Jd￿"(￿al income, rnore than compensating for incorne shortfalls elsewhere. Expenditure has been chal1p￿9•ng in the year with very h￿h Trtes of irfflation impacts.ng an 8rè85 of costs. However. this ha5 been kept under regular review and suffiuent intem81 savirtgs were made in many areas lo keep overall costs on budgat desprt8 the èxtemal e(x)rK)mic pressures. Total Income for thè yèarwas £15,584,90712ff22.. £16,231.1701 and total exP￿di1u￿e fot the yeaiwas £19,830,302 12022.. £16,480.165}. A5 a result net assets decreased lo f29.895.448 (2(Y22.. £31.376.740). Overall, we are pleased that, in a very dIff￿ult dimate. our overall unwstri(aed, operab.onal defirAt of £282,347 is Signifi￿nIty lower than expected. Risk Managem&nL Principal Rt5k¥ and UrKerlaintie¥ During the course ofthe year thè Company has conb.nued to idenb.fy and assess the major risks faclng the bu5ine55. Area5 of risk are documented on a strategic risk register and discussed at executive. Board su commrttee and Board level to assess potentrat itnpa(as arNJ alk￿¥ strategies to be implemented to manage the risks. 18

OPERA NORTH LIMITED TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORTS AND STRATEGIC REPORT) FOR THE YEAR ENDED 31 MARCH 2023 The Board sulkcommitiee structure woffks well and allows $maller groups to thallenge Ihe financial and frjnding anwronment (Finance and General Puwse Commrtte&). tho physical enwronment and safe working practices, policy decision making and dsvélopfflént {HèaJth and Safety Committoe) and overall strategy and dirg¢tion of travel 81 the ftjll Board Sway day. Thè Tnjstees consider the effect ofchanges in legislalon arTrd regulations and thelr inlerpretalion that might affeca the operabons of the company pwti¢uloty rg9ard to gmploymenl practices and hea￿h and safety. Th• general arts fundlng envlronmenl (x)ntinues to present challenge and opFortunty. We are ￿#ased to be supported by way ol 8 new mutttsyear funding agr8•mants in plac8 with our main funders, Arts Coun¢il England (until 20261 and Leeds City CouncAI (until 2026). A significant funding stream lor us has been the Introduetion of thè Th6atr8 and Orchèstral Tax Refief programmes. Thès& sehames are playing a key r￿0 in OUT abl￿ty lo inv8st in repertoire and we are grydleful that the enhanced rates h8v$ been extended. Inflationary pm55ures have remain8d al the fore in 2022-23 and CA)*inu• to be an area of risk in the ￿mIng year. Impacting a wido ran90 of costs and potentialty audierth Spend. A robust pro¢edur¢ was p(rt In place in pla¢• lo make Nvo key appointments forthe organlsatlon In the coming year. Hénry Filloux-Bènnètt stsrted a5 ExecLrtive Director in May 2023 following tho departure Of David Collins In January 2023. Followng the announ¢emenl of Richard Manue's retiremenl in Decomber 2023. Laura Cannin9 has begn appointèd General Dlr6ctor with effect from 1 December, I￿nIng tho Company from 1 October 2023. Statsment of dlsclosUV¢ to •tKlltor So far as oach person who was a Tnjslee 81 the date of approwng thls report is aware. there Is no relevant audit InfcxTnation of which the company's audilor is unaware. Ad(Jitionalty. each Trustee has taken all the necè$8ary slops that Ih8y ought to have tsken as ? Trustee in orderto mak& thoms•fvtr8 aware of all rgknnt ¥ud)t Information and to establish that the Comp8nYs auditor is aware of that information. Audltor RSM UK Audit LLP weTe appolnle<l as auditorto thè Company and 8 resolub'on propo￿n9 that they be reappoinlad will b¢ put ¥1 a General Meeting. Tha Trustoès, Rgport {compri8ing thè 01￿cloT8. Raport and stratég￿ Report) whth has been pr•pared undèrthe Charitiès Act 2011 and contains all infcwmation wuiied in a Directors. R¢port by the Companles Act 2￿6 and the incorporate tralegic Report prepared underthe CompanTr8s Act 2G￿. was approved by Ihfr 8oariJ of Tnjstees on . and signed on bohaff oflhe Tr[￿te&S by.. Pa(￿ Loe Chaim3n 19

OPERA NORTH LIMITED STATEMENT OF TRUSTEES, RESPONSIBILrriES FOR THE YEAR ENDED 31 MARCH 2023 The charlty trustee$ (who a￿ also the directors ot Opèra North Limtled forthe Purposes of cornpany law) aro responsible for pieparing a trustees. annual report and finan¢rdl ststgm&nts in a(xordance with appIl￿ble law and United ￿ngdoM Accounting Standaids (Uniled Klngdom GeneTrlly Accepted Accounting Practice). Ctsmpany Law requires the charity trust￿ tts prepare fjnanL?al statements for each financial ye81 which givè a trua and fair view of Ihe statè of affairs ofthe chafftable company and the group and of the incoming resources and appltcation of resources. Induding Ihe income and expendSlur¢. of the ¢harrtablg group for that year. In pr8p8ring the financial stslements. the tsustees ¥e wuired to: - select sultabl8 accounung pOI￿leS and then apply them ¢xnsi$lenty', - observe the methods and prfnciples in Ihe Charitigs SORP: - mak8 JUd￿ments and 8stbmalo8 that are reasonable 8nd pnNJent: - stale whether 3pplicabla UK accounting standards have b8en folltrwed. sublectlo any material departures disdtrsod and explained in the financial slatemenls,. and - prepare the financial statam8nts on the golng ￿nCeM bagis ￿lesS It Is InApprwfjate to presume that the charitsble company I￿11 continue in operation. The trustees are responsiblg for k¢el￿n9 adequate accounting records Ihal di8cIo8e whh reasonable accuracy al any time the financial position of the charitablo compary and enable them lo ensure thal Ihe fin8ndal stslemgnts comply with the Companles Act 2￿6. They are a150 responsibk for safeguarding the assets of the ¢harit8blè company and 9roup 8nd hgn¢8 fortaking reasonable steps for th8 pr8vonth)n and d818ctlon of fraud and 0th8r ittegularities. The trustees are re$ponslble for the maintenance and integrity of Ihe corporate and financ4al information induded on the charitsble companls websTte. Legislation In thg Unit&a lfjngdom govemlng preparation and dl$somination of financial $tstements may differ trom legislalion in olherjurisdicbo 20

OPERA NORTH LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OPERA NORTH LIMITED FOR THE YEAR ENDED 31 MARCH 2023 Oplnlon We have audited tho financ¥al ststements of Opera North Limited {the'parent charitable company} and its subsidiaries (the 'group'l for the year ended 31 March 2023 which comprise the Consolidat8d Stat8m8nt of Financial Activitiès, the Consolidated Balan￿ Sheet, the Charity Balance Sheet Ihe Consolidated Statemènt of Cashflows and notes to the flnancial stslem&nts, including s1gnifi¢anl aCtr)un￿.￿9 w)lityes. The finanryal reporting frarnewort( that has been applied in their preparation is applicable law arKI United Kingdom Accounting Standards, induding FRS 102 Yh FlnanrAal Reporting Standard appjicatle in the UK and Repubtic of Ireiantt (United ￿ngdoM Gen￿￿ty Aeeapted Accounting Practicol. In ¢)UT opinion Ihg financial stslements- glve a true and fair view ollhe stale ofthe group's andthe parent charitable t￿MPanY$ Sffairs 8$ 8131 March 2023 and ol the group's iro)ming resourcfjs and aWication of ￿soUrces, induding ts inC￿Me and expenditure. for the year then ended., have been properfy pr8pared in accordance wrth Unrted lfjngdom Ggneralty Accepted Attounting Pr¥fjce.' and have been prepared In accordants wtlh the rèqutrem6nts of tho Companios Act 2006. Ba•1• for oplnlon Wè ¢ondu¢ted our audrt in accordanc8 with Int8mational Standards on Auditsng IUK) IISAS {UlQ) and appll¢ablo law. OUT responsibilities under those standards are fvrther dèscribed In the Audilorfs responsibilities for the audlt of the flnandal ¥talemon18 Sedoft of our r&port. We are independent of the charitable company in accordance with the ethical requirements Ihat are mlevanl lo our audft of the fiftanc1￿ statemenis in the UK, includlng the FRC'S Elhlcal Slandgrd 8niJ we haw fuffillod our other ethical responbilities in accordance wrth Ih8s6 requirement8. We believe that th& ¥udit ewdence we have obtai1￿ 18 sulfKienl and approprlale io promda a basis for our oplnlon. Conclu8lon¥ rnlatlng to golng conc•rn In auditing the financial stslem8nts. wa have (￿cluded thatlhe Iru51ees' use oflhe golng ccfflc*rn b8sis of accounting in the preparation of the financial statements is appropriat•. Based on the work we havo perfomied, we have nol idenlffled any rnatefial uncertainues relatrng to events or condilionB that, individualty or collectively, may cast $6gnificanl doubl on thè charrtable company's abllity to contlnue as 8 going ¢oncgm fora porlod of at ltrast fv￿ve monlhs from wh8n the finanoal $talernent8 are aLrthori8ed for lyJue. Our r8sponsibilltt"e8 and tho mponsibilfaes ofthe trustees with respectto going conc8m are d8wbed in the relevant sections of this ieport. Other InfOrnia￿On The other infomiation compris8$ the Infom)alion included in the annu￿ report othgr than the financial statèmènts arKI our auditorfs report theMn. The trustees are Tesponsible for the othèr information ￿ntained withln the annu81 report. Our opinion on the finan(ial staternenls doe5 not czjver the other inf0mta1￿n and, except to the extsnt othemise explicitty slated in OUT report, we do not express any lom of assurdnce condusion Ihereon. Our responsibility is to read the otherinformab.on and, in doing so. o)nsiderwhether the other infomiab.on 15 material inconsistent with Ihe finanaal statements tsr our knowtedge obtwned in the course of the audTi or 0th6rwisè app8ars to be malerially misstated. If we identify such material ir￿onsiStenCles Dr appatenl matwial misststements, we are uired lo detem7ir￿ whether this 9ives rise to a malerial misstatemenl in the finanoal statements themselves. If, basEd on the work we have performed, we cy)ndude that therè i5 a material misstatement of this other infomiation. W8 ar8 required lo report that facL 21

OPERA NORTH LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OPERA NORTH LIMITED FOR THE YEAR ENDED 31 MARCH 2023 Wè hav8 nothing lo report in this regard. Opinions on oth•r matters prnscri￿d by th• COM￿￿1•¥ Act 2006 In our oplnion, based on th8 woth undertaken in the ￿rse ofihe audit- Iht irtf¢rmation given in the Trustees, Report. whbch inc4Ltdes the Directors, Report and thfj Strategi¢ Report prepared fL)r the purpose¥ of La)mpany law. for thè ffinanLYat y8ar for which the financlal 5talement5 are prapared is consistent with the ffinanaal statsments.. and the Directors, Rè￿rt and the Strategic Report indudgd w6thin the Trustaes. Raport have been prep8rèd In accordance with applicable legal requirements. Motters on which wo ¥ro r•quI￿d to rnport by exception In thè light ofthe knovAedge and undorstanding of the tharitable company 8nd its an￿rOnmant obtalnod in the Coursè of thè audit, we have not identsfied material misstatements in the t"re¢tors' Report or the Strategic Report inc4uded wIIAin the Tru¥le8s' Report. We have nothing to report In rospact of the folk)wlng matters where the Companies Act 20rA requir0$ us lo report to you K. In our opinion.. adequalg a¢¢ounling r8cords have not been kep( or fetums ad•qyato for our audrt hav8 not been recelved from branches nvt visited by us: or th8 financial stalemènls are not in agreement with the accounting records and retums- or certaln disclosures of Irustaos, remuneration spoafied by law are not m&le'. or wo have not recelved the inforniabon and explanalions we requirè for our audtt. Resp0nslblll￿a5 of trustee$ As explained more fully in the Stalernenl of Trustee$, ￿sponSIbl1￿$ out on page 19, Iha tDJst88s (who are also the diractors of the ¢haritable company for the purpos￿ of Company lawl ao fesponsible for the prèparation of the nancial stslements and for bèing satisfiad that th•y givo a tru8 and fair vlèw, and fer such Intemal control as thè INslees determine 13 nec¢8sary to en8ble thè prep8ration offinancial stalem8nts that are free from material mlsstst8m8nl. whether due to fraud or error. In prepartng the finan￿al statements, t￿ tn￿1￿85 aro rosponsiblo for a$ses8lng tho gmup'$ and paronl charilablo company's ability Ic conUnue as a going concem. disd05ing, a5 applNxble. matters rei8led to going concern and uslng the golng concem bas￿ of ¢ccounting unless the trustees either intend to liquidate the group or parent tharitable company or Its ceas¥ oporations, of have no rolistic altgmatNe but to do so. Audltorfs mponsibilitles for the audit of th• fjnanci•l ststsnthts Our objeclives are to obtain reasonable a&suranL about whether the fin8nual slalemenls 8s a whole a￿ free from material misstatement, whether due lo fraud or etror. and lo issue an auditorfs report that indudes our oplnion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in ar￿rdan with ISAS {UKI will a￿ayS detect a Materi￿ misstatement when it exists. Misstatements can arise from fraud or error and are considered material rf, indiwdually or in the aggregate. they could reasonabty be expected to influence the economi¢ d8CiSiOn5 of users taken on the basis of th8s8 finanuat statements. The extent to wthich the audrtwas ¢onsldeYed ¢apable of delecllng Irregularhles. In¢ludlng fraud IrregulaiitÉès are instances of non-compliance wth laws and regLTrLations. The objectNes of our audit are lo obtain sufficiènt appropriate audit evidence regarding compliance with I￿S and regulations that have a direct effeci on the determinatTon of material amounts and disdDsures ift Ihe financial statetnents, to perfom) audit procedures lo help identify inStan￿S of r￿n-cOMpliance with other L4ws and regulatiofis that may have

OPERA NORTH LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OPERA NORTH LIMITED FOR THE YEAR ENDED 31 MARCH 2023 material effect on thè financial sttemenls. and to respond appiopriatsty to identified or suspected non-¢ompliance wlth law$ and regulations identified durin9 the audiL In relation to fraud. tha objethes of our audit are lo identtfy and assess the risk of material migstslement of the financial stalemènls duè to fraud, to obtain suffiry.ent appropri31e audit evTrdon¢¥ rogarding the as8es8ed risks tsf material misstatement duo to fraud through designing and implementing 8ppfK>priate tesponses and to respond BppropriatsIy to fJ8ud or SUSFeCted fraud id8ntiffie(J during the audr(. However, St l¥ the primary respjnsibdtty of managemert wllh the oversi9ht of thos8 charged wrth govemance, lo nsure that the entity's operations 8rn c<Jnducied in ￿ance wSlh the provisions of laws and regulatlons and for the prevention and dètethon of fraud. In idenltying and assesslng risks of materlal misstaloment in respeL of irr8gularfd88. Indudlng fraud, the audit 8nga9ement team.. obtained an undwslanding of the nature ofthe sedor, induding Ih818gal and regulatory framework that the tharitabl8 company ¢¥)èrates in and th& charitabl• compony is cg)mptying with the legal and regulatory framework.. inquired of managem&nt, and those c*arged with govfrmancg. aboLrttheir own )denlification and a38e55mènt of the rf8k8 01 irregularilias. indudiNJ any krthvn aclual, suspected or alleged instsnces of fraud.. dlscussed matters about nC￿-r￿lrn￿Iar￿o wlth laws re9￿atiOnS and how fraud might o¢cur Induding a¥sessmenl Of how and where th• fin8nd￿ slalements may be Su￿0ptIb1O lo fraud. A6 a resull of these procedur￿ we conslder the most significant laws and règulat5on8 that ha￿ a dlrgct impact on the flnanci81 $lat8ments are FRS 102, Chariks SORP IFRS 1021, Companies Act 2006, Charities Act 2011, tho charitable wmpany's 9ovèming docJJm8nl. tax legislth'on and Charibes IPrr)ie¢bon and Social Investm8nll Act 2016. We performed audit procedu￿$ lo dele¢t non-complkances which may have a material impact on the fin8ncial 8ts1gments whlch induded reviewing tha financ1￿ slaloments induding the Trustees, Report, Temaining alert to nèw or unusual Iransacttons vthlch may not be in accordance wtth the govemrng documents, inspecting correspondenco wlth local tax atsU)orrttes and evaluab.ng received from intemavoxtomal th￿1$. The most $ignffieant18w$ and wulations that hav8 an indlroct impact on the finand¥l slatements are those In relaJon to GDPR. We performed audit PfocetJu￿3 to inquir8 of mana9ement and those charged with govemance whether th& charita￿e company is in Complian￿ with these law and regulations atKI in$po¢1gd ￿r￿spondenCe with regulatory authoriti85 whare availa￿0. The audit engagement team Identrfied thg rf¥k of management override of controls and the completene33 of legacy and donation income as the areas where the financial slaiernents were most suscepts'ble to material misstatement due to fraud. Audit pro¢odures perforn)od in reL2tion to the risk of management override of ￿ntrol5 included but were not limited lo testing rnanual ioumal entries and other adjuslm8nts, ovaluating the business rationale in relation lo significant, unusLsal Ir8nsactions and transactions entèTÈd into outside Ihe nornal course of business, challenging judgèments and estimates. Audil procedures perfomed in ￿la￿on to the risk around completeness of legacy and donation iFwme indudèd but were not limrted to review p051 yeai end receipts, miriute5 and legacy pipelne9 to identify any d(Trnat￿ns or lègaoes that shoukl have been reo)gnised in the period under the SORP cAileria. A furtherde5Griplion of our responsiLMlilies forlhe audil of Ihe financial staternents is located on the Finanaal Reporting Councd's website at h Jlww.frc.o .uklauditorsres nsibilities. This description forms part of our auditorfs report.

OPERA NORTH LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF OPERA NORTH LIMITED FOR THE YEAR ENDED 31 MARCH 2023 U$• of our report This report 13 madè solely to the charitable companys rnembers. as a body, in accordance wilh Chapter 3 of Part 16 of the Companies A¢¢ 2006. Our audit work has been undertaken $0 that we might state to thè charttable cornpanls m8mbèrs those matters we are required lo ststè to them in an auditors report and for no other purpose. To the fvllest extent pemitt@d by law, we do nol accept or assurrie reswJn$ibilty to anyone ath8r than thè charitable ￿MpanY and the charrtable ￿mpan￿S members as a body. for OLFr audlt wo￿. for this report, or forthe opinions we have forwned. lxcy LUCY ROBSON (Senior Ststutory Auditor) For arKI on behalf Df RSM UKAUDIT LLP, Statutory Audrtor Chartored Acenunlants C8ntral Square Fl¢)or 29 Wellinglon Slre8t Lgod$ LS140L Dats. 28109123 24

OPERA NORTH LIMITED CONSOLIDATED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2023 Unr•StiiCt￿ Unrnstrl¢t Operation•1 D•sSgnated nds Restrictsd funds Total 2023 Totsl 2022 Notes In ome frorn: Oonalions and legacjes 11,703.267 459.296 12.162.563 12.939,835 Capital project donadons Sponsorshlp & rentsl Trading activities Investments Charitabl& activttl&s.' Productions and porformances other Incom¥ 31.531 31.531 354,026 212.844 330,591 14.957 212,844 330.591 14.957 186.610 2.076 2,832.421 2.832.421 1.998,623 750,000 T+)tsl Incom• 15,094,080 31.531 459,296 1S,584,907 16.231.170 Costs of r8lslng fvnds.. Fundraising Tradlng actlvlyes 541.529 409.165 2,016 543.545 409,165 418,4S6 Capital project relod Ch81it&bl6 8cliwligs.' Production and performances 142.9)3 142.903 234,405 17,189,836 569204 955.649 18,734,689 15.827.304 Total •xp•nd1￿rO 18,140,530 732.107 957.665 19,830.302 16,480,165 Ntrt movom•nt In funds boforg lax (3,046,450> (700.576) (498,369) (4,245,395} 1248,9951 The1￿ and Orchestral tsx credit 16 2,764,103 2,764.103 n6,158 N•t movement In funds after tax 1282.347) (700.576> {498,369) {1,481.2921 487,161 Transfer be￿eeTh fvnds 23&24 (8,014.4861 22,046.￿￿ (14.032,470) Net movèment In funds for the year {8￿.833> 21.346.380 (14.530,839) (1,481,292) 487,161 Total funds brought fO￿arlI 23&24 12,807.559 3.478,792 15.￿,389 31.376.740 30,889,579 Total funds ¢arrled foNArd 23&24 4.510.726 24.825.172 559.550 29.895,448 31,376,740 The statement offlnandal a(IMbes indudes ￿1 gains and losses r8(x)gnIS￿ in thè y￿. All income and &Xp￿dit￿ra derive from continuing actiwlies. The statement of financxal adivth.ès also comp&es with the requirements for an in(m and expendi￿￿ a¢¢ount under the Companies Act 2006. 25

Company Reglstration No. 01550778 OPERA NORTH LIMITED CONSOLIDATED BALANCE SHEEr AS AT 31 MARCH 2023 2023 2022 Flx•d assets Tan9ible assets 16 20.804.115 27.254,149 26.804.115 27,254.149 Current a•wts Stocks D8btors due wtthin one year Debtors due afl8r more than onè y•ar Cash at bank and in hand 13.e67 4.M.007 726 906,186 18 18 3.244.152 36.212 4,258,118 5,716,588 7.538.482 Cr•dltor•: amounts lalllng duo wlthin one y•ar (1.636.910> (2.297.314y N¢1 ¢urrnnt as8•ts 4,079,678 5,241,168 Total asjets les• ¢urrnnt Ilabllltlès .833.791 32,495,317 Credltor¥: amounts falllng due aftèr morg than one year 21 (988.3431 11,118,577) N•t aM•ts 29,895,448 31.378.740 Ineom• fund¥ Unro$trfcted- Gertèr￿ funds Unr¢stricted- Detsignaled funds R•8tri¢ted fL¢nds 4.510.726 24.825.172 559,550 12,807,559 3,478,792 15,090,389 24 23 29,89S,448 31,376,740 Thefi naal stat8m•nts on pages 25 to SO were approved and authorised for issuè by tha trustaes on 2fy1?/23 . PLee Chaimmn SHaU Trustse

Company Registsxtion No, 01550r18 OPERA NORTH LIMITED CHARITY BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Flxed assets Tangible assets Investments 16 17 26.804.115 27,254,149 26,804,118 27,254,150 Curront ￿¥•ts Debtots due wrthln one year Dablors due after more than onè year Cash at bank and In hand 18 18 4,868.218 726 870.146 3,244,152 36,212 4,235,921 5,739,090 7,516,28S Credltor: amounts fallng du• wlthln ono y•ar 19 (1,600,055) <2,295,009) Ngt CurT￿t usets 4.139.035 5.221.278 Total auets l•u curr•nt Ibabllltl•• 30,943,1S1 32,475,426 Cr•dltoY¥: 8mout)ts falllng aft•r more th•n yèar 21 (988,343) (1.118.57n Not ¥*•ts 29.954.808 31,356,849 In¢omo fund• Unro$tridgd- Gon¥r81 lund3 Un￿gIn¢l$d- D¥yignated fvnds Reslrfcted fvnds 24 24 23 4.570.088 24,825.172 559.550 12.787.868 3.478,792 15,090,389 29.954,808 31.356,849 The parent company has a total gross Ineome of £15,265.689 (2022 - £18.231.170) and a net defficrt in the year of £1,402,041 12022- surplus of £375.2031 induding a defI￿t of £8,217,582 (2C122- £282,159) unrestricted, surplus of £21.346.380 on désignatsd funds and £14.530.839 defi￿1 (2022- SU￿[US of £657,362) restri¢te(I funds. Th nanelal statements É)n pagès 25 to 50 were appmved and au{￿lsed for issue by the trustees on /? / 33. PLee Chaimian S Hall 27

OPERA NORTH LIMITED CONSOLIDATED STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Nots¥ Cash flo￿ from opernting activiliofj Cash generdtéd from operatlons Movement in tax reliel debtor 2S 1830,5691 12.Q34,0351 e76,744 (736.156) Net ca8h Inflow from oporatinq a¢lJvltl•¥ 12.864,804) (59,4121 Inv•stlng •cllvltl•s Purchase of tangibl8 fixgd assèts Disposal of other invostm¢nls 1358,719) (3,912.$4SI 50,000 Not ca¥h u••d in In￿•tIng A¢ll¥ltl•s (358.719) {3.882.5451 Cagh flow• from flnanclng actlvltl• Ropaymenl of borrowings Obl￿atiOnS Urtderfinan￿ lease 1108.032) (20,577) 197.68T) (20.57n N•t ca¥h u$¢d In financing a¢tl¥lll•• (128.609) (118,2441 Net Idocr•8$•ylncrHse Sn ¢￿h and cagh (3,351.932) 14,040.2011 Cgsh and cash eqU￿alents at beginnlng of yg8r 4.258.118 8,298,319 C*•h and cagh equlv•lents at end ofyt4r .186 4,258,118 28

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL sTATEmE￿s FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ounting pollcl Chartty Infornwllon Opera North Limited is a pnvate cxjrnpany limited by guarantaè inc¥Jrpor3ted in England and Walés and regisler8d as a chartty under the Ch8rrties Act 2011 Iwistèred ¢harity number 5117261. The registered office 1$ Howard Opera Centre, 8 Harrison Street. Leeds, LS1 6P Every member oflhe company undertakes to contribute to the assets of the company. in tha 8vant ofth6 sam8 b8lng wound up durin9 the Yme that they are a member. or wthin one year aftcr they cease to be a member, for payment ofthe debts and liabilttt'es of the company contracaed before the time they ceased to be a member. and of Ihe c08ts, charg0$ and exp$ns& of winding up the samè, and for the adjustment of the rights of the contribLrtes Ihern3elves, such amounl as may b• r•quir8d not axcaading ong pound. Accountlng conventlon Th8 financial st3tèm&nts have been prgparod in ¥￿Idance with the charitable companys memorandum and lrtldès of ass¢xiation. the Charities ArA 2011 and 'A(xounting and Reporting by Charities.. Statement ol Recommended Practice applicable lo charlti&$ preparing thoir alxounts in ac￿rdanCe with Ihfr Financial Reporting Standard applicable in the UK and Repu￿￿ of ]re￿nd. induding the adoptiorb of tre am8ndments Issued in December 2017 IFRS 1021- the FInar￿la1 Raportbng Standard applicable In the UK and Republlc of Ireland (FRS 102} arvj Iho Companies Act 20Cffj. Opera North Limrtèd meets the deffin￿on of a publ￿ benefft entity undr*r FRS 102. Assets and liabilities are Inioally r8cognised at historica cost or transaction value unless Othe￿iSe slated In the relevant accountlng policy notes. The financia statements are prepared In sterting, whth 6$ tho fun¢Uonal ￿TTen￿ of the charitable g)mpany. Morh8tary amounts in these financlal statements 8re rounded lo the neare8t £. 8asls of con•olldatlon The consolidatod finanual statomonts Sn¢orpor8le Ihoge of the Company. Opern North Umlted, and tts wholly owned tr8din9 subsidiary, Opera Norlh Trading Limited li.e. an entty that the group Bontrols lh￿ugh ils power to govern tho flnan¢ial and operating pol￿63 so as to obtain etthiomic bènèfits>. All financial 8tstoments8r8 made up to31 March 2023. Where necessary, adjustrnonts are made to tho finandal 8lalemenls the 8ubwdi8ry lo brin9 the ac£cunting poficgos us8d into lina wlth thos8 usad by othor mambers of the group. An intra-gTOUP Iransactrons. balan￿9 and unreallsed galng on transactlons behyeen group ￿mpanIeS are 911mSnated on ￿nSOl&datIOn. Unreali8ed lo&￿ are also eliminated unbess the transaction provides evidence of an Impairmenl of Ihg assgt tranSfe￿ed. Parnnt ststèm•nt of Finaneial Activities As permrtted by s408 Conpanies Act 2006, the tharit8blè (x)mpany has not prèsèntèd its tswn St8lèmÈnt ol Finanual ActNities as rt prepares group accounts aNI the notes accompanying the tharity balance sheet show its gross incomè and deficit for the financia yw. 29

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ountlng policies (Contlnuodl Going concem The Tru5tee6 hav& ro￿￿$d the finan(4al position of tho thwity and gn)up alortg8ide the for8CSt in(yJm8 and oxpendrture and ￿$h(I0W to 31 March 2025. They have ￿nSIdered preliminary proj8ction$ up ta 2026. They have Consider￿ the uneArt•fttiès arisin9 from inllation and th& potentsl impaca on forecasts. Forecasts ar¥ considered reasonab￿ with royard lo the Informah'on available. For￿stS assume there wlll be ￿n￿nUed fvnding support from key donors. Induding Arts Counal England. Opora North has a &year NPO fijnding agr8•ment in pkice wth Arts Counol England for th8 period from Apill 2023 to Maich 2026. As wilh other arts organisabons, the pr￿$8 for aPpI￿n9 for fundlng for th8 perFod from 1 April 2026 has not yèt commenced. en reviawing for8casts. the Trustees have taken into account the I￿1 of ro3tr"¢ted income Opera North ha8 and tholovel of unrestricled incomo and foroc8$t reserves. Th8 Trustees have 81s0 u)nsidered the position ofthe charitys mortgagè on its long Ioasehold storage property. A 10 year agmm$nt was agreed and pul in place in Octo￿r 2021. Tha complotlon of thè buildiry project In 2022 reduced the finanrAal risk of the organisatlon and Ihg Twsle•s werg pleasgd that 5uffiryent funds were secured lo compl&t¥ the workg. Free reserves remain heohhy and in fint wlh ourtargol. On strength of th? ￿serveS ￿valS and thc other considerations above, the Iru$¢oes havg ￿nd￿ded they have reasonabl8 exp8Gtatson ihat the tharilab company h$ adequate ftsources lo conbnue in opefational existence for the foreseeabl8 futurè. Thus, the Iwslees continue to adopt the golng ¢onc¢m baso of acwunlj.ng In preparfng tho flnandal statoment8. Charltable fvnd Unrestricted funds ar6 exwndable al the disuetion of the trustses In fiJrtheranc8 of th8 oblects of the charity. Unrastricted funds earmarked for particular purFM)5ès by the trustees arè designatèd as sèparate funds. The designation has an administrative purpose onty, and dogs not leg￿lY restncl Irustoès. diweti¢n to apply the fund. Restrfcted funds a￿ funds sutyect to spedfi¢ trusts, which have been decJe￿d by the donorls} but stiN wlthin the objecls of the charity. Inromin9 r•8our¢•s Incorne from grants or donations is recognlsed whan thera is ev5d8r￿ of &ntit￿mant to tho glft, rècolpt Is probablè and its amount can be measurèd reli8bty- In the case of a granl. evidorKe of entiU8ment ￿lUallY exists when a formal offer of frjnding 15 cornmunicai8d in wrfting. In the case of unrestricled donations frorn indiMduals, entitlement usualy arise5 on receipt. In the case of lega¢y income. entitlement arises on noiification by executors. Recognition of incorne is dEÈrred onty when the cornpany has to terms or condilions before becoming entide(J to it, such as a restriction. by the donor. that the income can onty be expended in a future period. Donations in the fom) of assets are indud8d in thg balance sh801 al their estimated valua on r8caipt. Box office Ino)me ts re¢ognlsed on slaging ofthe related rwformance. In(%)mefrom co-productlons and Income from produc4ion hires awe recogni5ed on fvlfflmenl of (x)wthdual leJrns. Rental Income is rec4)gnised on a receivabje basis. Investment ing)me ￿1MpriseS interest recelved on cash bala￿$.

OPERA NORTH LIMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDEO 31 MARCH 2023 A¢eountlng policies Iconllnued) Resourc08 èxp•nded Expenditure is accounted for on 8n accruals basi5 and is recognised when a liability is in¢urrod. Irre￿verab10 VAT Is Induded in thè ral8vant cost (xtegory to whth it relates. Producbon costs are written off at the first perforrnance and res(dLMI value8 are earried foTh¥a￿. Expw)dilure on fulura productions Is induded in prepayments. C08ts of generating funds are those costs In(XJfTod in attracaing vc4untary ints)mè. Charitable activllies indude èxpenditure associated with ￿ staging of L>)ncfjrts. operns, education ovonts and projects and indude both direct and irvjlrect costs relzting lo thase actrvities on a proportional basls. Interest payabl8 ig recxgnis&J on an aCcru￿S basis. Govem8nt% cost8 Include thos8 costs incajrred in dgfining Ihe ateglc direclion of th6 charity and meeting constilubonal and ststulory requirtmenls. General support msts associaléd wllh the central functions of ffinance. IT and human rèsourcos beon allo¢atsd across the departsnenls ¢)n a basis conslstwt with the use of those r8souTIXS. Tangible flx•d a••ets Tangible fixed assets are initially Me8$U￿d al ￿$t and subsequ•nUy measurèd al cost, ntrt of doproGlation and any Smpairmenllossos. Capital experKlilure ￿lOW £500 Is not capitslisÈd. Depreciation Is r8cogni$ed so ¥$ lo writ8 off the cost ol assets less their re8klual vatuoy over thalr useful lives cn the following bases.. Freghold land Freehold buildlngs & improvements Long L8asehold & Improvements Commercial vehi￿￿- leasad and ¢)wned Equipment and musical instrumgnts No d8preciation S year5 10 50 yea 3 years to 50 yea 3 10 5 years 3- 10years The gain or loss ad$in9 on the dispos81 of an a5S#t is del8miinod as Ihe dffieren( between the sale proceeds and the carying valu¢ of the asset and is ￿COgnISed In net incYmel{experKliture} for tho yèar. FIX￿ a¥$ot inveslmonts Fixed assèt investments are initially measured al transa(on pw exdudlng transaction costs and are subsoquently measured at fair value at each ￿pOrting date. Changes in fair value a￿ recognised in nel incomèl(expenditLtrel forthe yeat. Trattsaction costs are expensed as in￿rIed. knpairmtnt olfixed assets Al each ieporting end dale, the tha￿tab￿ company re￿￿ the rarrying amounts of its tangible assets to delermine whether there is any ind￿tiOn that those assets have suffered an impaiment loss. If any such indication exists. the recoverable amount of the asset is ¢stimated in order to ¢ye1￿mIne the exlenl of the impaiwment loss (If any). Cash and cash equi¥alenlx Cash and Cash equlvalents indude cash in hand and daw.ts held wilh banks. Stocks Slo¢ks stated at the lower of &a)st and aslimated sdling F￿1￿ less ￿$1$ to COm￿te and sell. Cost comprises direct materials. 31

OPERA NORTH LIMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ountlng polici08 {Contlrtuedl Flnanrlal instrumènts Tha charitable company has ale(tsd to apkty the provisions of Sectw)n 11 'Basic FInanCi￿ Instruments. of FRS 1Q2 to all of it8 ffin8ncAal in51rum¥nts. FinancAal instNment$ are recognised in tho ¢haritsbie ry)mpanYs b8lanf sheet whèn tr¢e ¢haTitablo company becomes party to th8 contractual pmwsv)ns of thè instrumenL Finan¢181 assets and liabilitie5 are offset, wth net amounts presented in the financ4al ststements, when there is a legally enfor￿abl• right to set off the recognwd amL)unts and there is an Intention to sewe on a net ba￿S or lo realise the asset and setu8 the liatskty simultaneousty. Bas1¢ flnanci41 assots Basic financAal a55ets, which Indude debtors and cash and bank bal8nrs. are initlalty measured Bl transaction prlce Including Irans8ction o)sts and are subsequenljy carried al amortised cost using the 8ffective intèrest m8thod U￿esS the arrangement constitutes a finanung transaction. wh￿￿ the transactlon is me85ured * the Present VAlu• of the ftjture receipts discounted at a mothet r8te of inlere$l. Financaal assèts classthed a8 roce1va￿e within ong y•8r ar8 not arno￿$¢d. B881¢ flnanelal Ilabllltl•s Basic flnancial Ilabi1it16s, inclL.ding trade and other creditors. are in￿alty wogni$ed at Iransaebon pric8 unlèss the arrangement con¥tltutes a financing transaction, where the dgbt instrumenl is mea8ur8d at the prgsenl valuo of the fijture paym$nts dIS￿unte<l at a markot rale of inl¢resL Finanaal liabilths classified as payable withln on& year ara not amort)'sed. Debt instruments are subwuentty carried at aM￿lised cosL using thè effgctive interest rnto m8lhc4J. Trade credKoryJ ar8 obligations to pay for goods or that h*ve ac4uired in tho ordinary course of operations from suppli8rs. Amounts payable are ¢18s8ified as ￿jrrent liabilitios If payment is due within on8 yoar or less.11 net, they are present¥d as nOn-C#J￿enI li8bilitia$. Trade creditor5 are rècognisod initsalty attransaction price and $ubsoquentty measured at amortisèd cost usln9 the effedive interest mathod. Taxatlon Opera North Limited is considered to pass the tests set oul in Pardgraph 1 Schedul8 6 FinarKe Act 2010 and IheTefore li meels the definrtion of a chariktrAe ￿1mparty for UK corporats.on lax purpos8s. Attordingty. the charity 15 exempt from taxat￿￿ in respact of ints)me or capital gains received wrthin Categories covered by Chapter 3 Part 11 Corporation T8x Acl 2Q110 or SedK)n 256 Ctf th6 Taxatbon of Chargeable Gain$ Act 1992, 10 the extent that 8y¢h incom8 or gains a￿ appl￿ exdusively to Char[tab￿ purpMIs8s. No lax charge has arisen in the year. The company and trading subsidiary O￿Tate the Theatre Tax Rellef scheme aTKI daim a tax credit through the corporation tsx system. F(Alowing th6 introduclion of Orchestral Tax Rdief in April 2016, the Compgny daim a tax credit through the corporation tsx system forthis loo. Employee benefits The cost of any unused holiday en1illement is r9c4Jgn￿ed in the Peri￿1 In whth the ernpkjyeo's sarvic8s arg reGeNed. Terrninab"on benefits are recognised iwnfflediatety as an expense when Ihe charitable ¢wmpany is damonstrabty cornmitted lo lemiinate the emFAoyment of an employee or lo provide temiination benefits.

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting poll¢les Iconlonued) Retlrement benefits The company ¢ontn"LMJtes a percEntage of salary to am￿￿ye¢S and pay8this inlothè ntsmlna￿ Group Pensjon Plan, in complianc8 With r8gul3tloThs and the aulwnro1mentframew0￿. Ctr8ts ara tha￿d to the ino)me and exp8nditsJre account 8s in¢urred. Loases Rentals payable under opèrating laases. Indudifig any lease inc8nlives received. aré charged to Income on a straighl line basis over the tem ol the relevant lease. Leases arg classified as finance lews wheneverthe term8 of the lease transfer substsntially all the rfsk8 and r6w8rds of 0￿ershiP to tho10886&8. Assets held und8r ffinance18ases ar8 re¢cJnlsed as a$$ets at the lower oflhe assets falr value at tha date of inception and tho presentvaluè ofthe minimurn lease paymonls. Thg related liabilty is induded inthe Statèmént ol financial pos￿"0n as a finan¢¥ lea￿ obligation. Lease payments are trèatèd as consisting of capital and Interest elem8nts. The int8r8st is carged lo the ststemenl of financaal actiwties 80 as to produc6 a constsnt periodic rale of intergsl on the remaining baL3nce of tho Ikabillty. Judgoments and k•y Sou￿8$ of egtlmallon yncertslnty In tho applie2tion of the charty's accounting poliues. the tsuslegs are ￿qUIred lo make judgements, estimates and assumptions 8bout the carrying amount ol assets and l￿bIlitieS not readlly apparently from olh¥r $ourc8S. The estimates and association assumptions are based on historical experience and other factors that are considered to be relevant. Adual results may dffier from these estirnates. Apart from the dfjferr￿ of Inc¥)[r￿. as porthe i￿Orne rec(*3nlllon a¢>xunUng polioy, ther• 8r• no olhar araas ol è81imaUon uncertalnty.

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Income from donatlon$ and logaelos 2023 2022 Arts Council England- NPO grdnt Arts Council England- Other grants Local Authorities, grants Trusts and indiwduals. donations 10,577,102 150,0 410.250 1,025,211 10,577,102 151.000 416.715 1.795,018 12,162,￿3 12.939,835 Income from donation8 and indudes the follow.ng amounts classes as rostricled bJnd$, wh8re the donor OT grant specffi6s a partIcu￿r a¢tbvity. proAect 01 perfomian¢e lo support.. 2023 2022 Arts Council England- Other granls Local Authoritiés, grants Trusts and inrjivi¢JUa￿. donatlons 150,000 15,CQO 294,296 151,000 15,000 970,887 459,296 1,136.887 Arts Coundl England togother wlth the Leeds Cty Coundl (LTrxl Authority) are key stakehold815 to the COrnP8ny bul are not relat8d parries within the definition of the Chantl&s SORP FRS 102 C&pltsl prnl•ct donodons 2023 2022 Mu8lc Works campaign 31,531 354,026 31,531 354,026 Induded within ca￿181 proSect donations arE donaknons Telating lo the Must Works campaign of W￿"Ch £31,531 {2022 - £354.0261 are amounts which relalè to d￿ignated funds. previous years was [r￿uded in rèstricted funds. Income from trading acliyities 2D23 2022 Sponsorshlp and Parlnttrships Corporate & HE partnerships ar]d sponsorshlps 168,568 17T.540 168,568 177.540

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Income from trading a¢tlvltles {continuodl 2023 2022 Rentsl Ineom• Production hirg & C￿prOdUct￿ln Income Rental in¢))me from nonwinve81mont propeity 34,776 9.070 44,276 9,070 2023 2022 Oporn North Trndlng InGom• Food and drink sales Roorn hiT8 and events sa￿S 289,649 60.942 330.591 2023 2022 Total Income from trading acliviti¥8 543,435 186,610 AJI Incomè from trading athimles Is da8￿ as unrestricithJ In¢om• In both y￿1$. Incom• from Investsnonts 2023 2022 Bank Intore¥l 14,957 2,078 14,957 2,076 All ir￿rne from in￿tmO￿ts is dassed as unTestrided ino)mo in both years.

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMEMfs (CONTINUED) FOR THEYEAR ENDED 31 MARCH 2023 Income from Charitab￿ activilles 2023 2022 Inetsm8 from prC￿UetIOnS and perf0m￿nCeS.. Opora box office recelpts Concerts receipts Programme sales Edu&ition and other project actNity Sundry Income 1,963.180 184,702 e1.294 542.407 80,838 1,320,745 140.187 34.300 423,831 79,560 2.832.421 1.998,623 All income from tharitsble a(thfitie8 ts classed as unf•strided Income in bDth years. Oth•r Incom• 2023 2022 R8v•rse premSum from Le￿$ Cty CouThJl 750,000 750,000 Incoma recogni88d In the prior year relates to income received from Leeds Clty Coundl lo take on dllapidaled buildlng8. Exp&ndltur• on ral81Trg fund 2023 202Z Fundraising costs can be analy5ed as.. Staff costs Dlre¢f departrnental costs f0rfundrnl￿ng materiaL8 and events Capit woject lundraising General support wsts110% allcKation} and dèpreaalion {see Th)te 9) 290.716 139.671 10.501 102,657 257.195 138,018 12,13S 11,108 543.545 418,456 Capital pr￿t¢t ¢osts: During the c¢>urse oflhe year, £l42.￿312022- £234.405) has been expensed in relation to the final stsg8S of a large￿￿(￿le caKXtal projecL Expenditure of £2,01612022- £12,135) included within ditEcI departmental costs for fvndr8ising m*erlals and events has been dassed as ￿tricted and £142.903 P022- U34.405) of capilal proje(X costs has bèèn da5sed as designated. Al other expendibjre on rai%ing funds for both years is classed a5 unrestrityled.

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Expendituro on trading acllvltles 2023 2022 Trading acti￿1&$ can be anaty$¥d as: Cateflng Ly)sts Staff ¢osts Operating expendrture 165,447 128.204 115.514 409.165 No support ¢os15 hava been allocated to trading 8etswt￿. Exp•ndlturo on ¢harltable a¢tlYltl•$ Slaff ¢￿ts Othv ¢o•tsO•prnciation Total 2023 Totsl 2022 Costs ol p•rfomilrvJ czjmpany and r81ated costs Gov8fnanc• ￿$ts 8,924,085 8.867,113 35,161 1￿.174 808,158 18,599,354 135,335 15,701,474 125,830 8.959246 8.967.287 808.156 18.734,689 15,827.304 othgr ¢￿ts can b8 fiJrlh8r anatysed as: 2023 2022 Concert an¢J e(lucaknn programm• costs Production and stsge managem8nt costs Artists. perfom*rg and LYeakv& teams Rohears¥l, sloragg and premises rental Marketing costs Transport Theatrè rantal arKI cost share Sub$Ssten¢e and tour travel wsts Genersl support cost allocation (gYAI (see note 9) Interest payable 918,840 728,397 3.58e,421 193,173 693,394 156,721 1,243,022 490,936 818,286 37.923 717,810 949,866 2,524,573 212,830 605,154 153.919 893,020 355.037 650.937 34.727 8,867.113 7,097.673 Govemance costs.. Legal and profeS￿On￿ fees Audit fee5 General offKe 51.074 33,1 16.(KY) 36,549 29,228 16,￿0 10Q.174 81,7T7 8,967.287 7.179.450 37

OPERA NORTH LIMITED NOTES TO THE CONSOUDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Expenditure on charftable actlyltles Iconllnuedl Expenditure of £955.649 {2022- £587,011) within tr)sl of producbons and perfomances has been dassed as restrT¢ted. due to being in r&spect of actimti.és s￿￿£1￿ knnded. £732.107 has been daSS￿ as designated expenditur8. All other expendrture on costs and perfO￿art￿s for both yeaTS Is das8eA as unrestricted. All govèmanca costs are dassed as unreytrlded expendrture. Of Ihg above govamance costs, £5,0 (2022- £3,WOI r¢￿te3 to the sub8ith.ary trading company, Opera North Trading Limited. 10 Supportcosts 2023 2022 IT equipm8nl. IIc8rKes and m8inlenan¢e P￿miSeS ￿18 Insurance General offic¢ Costs 131.036 497.416 152.244 245.870 98.031 194,832 134,357 234,825 1,026,566 662.045 In the current year. Support costs have been alocated 90% to exwdilure on Gharitabl& actlvifje8 and 100A to osl$ of raising funds. 11 Surplu$ for th• flnanclal y••r b•fore tax Tho surplus for the financial ye4r a8 Shown in the ￿n501dated stalemenl of finand81 art(wlJg$ Ss stated: 2023 2022 Afier charging: Auditor'$ remune￿1On- audit f Depreci8tlon Operating lease renta58 Inleresl payab 33,100 808,1 $6 20.$81 39296 29,227 464.712 25,562 34,727 And after crediling: Bank deposit interest 14,9S7 2,076 12 Remuneration oftrustees Non8 ofthe tnjstees hold(n9 Off￿ duiing the year recetved any paymènt fortheir sejvtis as trustees. The General Direclorwas appointed a tnjsteeon 18 April 2012 and his salary for hi5 services as General Dirertor Ss Induded within the ￿p￿r salary b￿rf1ng in note 14 to these a(￿￿nts. In his capacity as General Director arHI Chief Exefxjbve, Sir Richartl Mantle. OBE re¢eSved remunÈ13ts"on including benefrts amounting to £102.168 121Y22 - £130.0501. Company pènsion conthbutions amountéd to £40,￿0 (2022- £12,118)

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 13 Related party transactions Trustee expenses in fespecl of travel and subsislence relating to board meetirtgs and other rèl8lÉd mattèrs tolalling £48912022- £282) were poid in the year for to one trustee (2022". trustees). There were donallons (Induding membership payments) to OFera North Limiled from the Trustees in the year totaltin9 £29.051 {2022- £67,469). Ouring the year the eharitsble company made payments for membership and subscriptions to the National Opera Studio, a ¢h8rity in whth Richard Mantle OBE and Pgtw Maniura arg trust88s. lotallin9 £16.S84 (2022 £18,4191. Opera North Trading Limtted Opera North Trading knrnited is a wholty OWTJod subsidiary of th• charity, r8gi5t8r8d rwjrnbor 09231729. During thè year the charitable company paid fees totallin9 £10.(K(1 (2022 £3,CQO) on behalf of the subsidiary and charg8d £1,37212022- £niO int8rg$1 on outstanding loans. In addition pur¢has&s totalling £10,70012022- £nil) were made. Al the yearryend, Opera North Limited was owed £111,000 (2022 - £nlD by Opera North Tradlng miled which 15 shown in other debtorn. Op8r8 North Fulufft Fund The Opera North Futurg Fund Is an independènt Irust. charfty rgglstewd numb•r 1122499, the oblècts of which • to promo1• and further objects ol Opera North Limited. During the course of the year the Opera North FLrture Fund has supported the charity in 8 number cf projects and inrtialives indudlng the spacafic programming wllhin Howard Assembly Rtx)m, the Opera North Children's Chonjs and YoLrth Company and o)th?r educallon ¢tivtty. marketing and digrtal web$lte support, artistic dovèlopment and choms mentoring. The total contribution frorn the Future Fund in the financial yearwas £168,76412022- £306.000}. During th8 course of th8 year. Opera North Limited paid costs on beh81f of Opera North Futur& Fund amounting lo £29,685 12022 - £21,911) and r8ceiv8d income on bohalf ol Opera North Futurè Fund amounting to £1.IJOO12022- £nifi. At the year-end, Opera North LSmbted was owgd £58,813 (2022- £249,364) by Opora North Future Fund whith 1$ shown In other deblor8. Fri&nds ofopera North A8 slated in the Trustees Report, The Frfends of Oper8 NorU)18 a separately registered charity, ch8rfty reglstered number 507574. Following a of th& Friends, con51ilub.on a dec¢sion was taken in December 2014 to more fully integrate with Opera North Limited. The Exewttvè Committee. with appcoval of the members of the Friends of Op&ra Ngrth, vtsled lo elect the Trustees of Opera North a9 the nèw Trustees of The Friends of Opern North. For the purposes of these accounts the h¥0 ¢harill¥$ are being treated as entirety separato. During the course of tha year, £65.00012022- £140,OCQ} has been ￿￿tributed by Friends of Opèra Notth lo the Charity for produGtlon support and costs of £8,217 {2022- £4.5761 were paid on behalf of Friends of Opora North. Income was re¢oived on behalf of 0￿ra North via Friends of Opera Norlh of £8,500 with in¢ome of £8,238 for Friends of Op¢ra North being receivable by Opera North At the ye8r-end, Opera North knmited was owed £9.721 12022 - £143,242) by Friends of Opera North which is shown in other debtors. 14 Staff numbern and costs Numbar of •mployeo¥ The averagè numbèr (head ¢x)unV of permanent staff emdoyed by the Company during the year. anatysed by category. was as folltsws: 2023 Numb•r 2022 Number Orchestra, chorus and music Technical Adminlstradon, EtJu(al(on and Projects 93 47 45 91 246 230

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 14 Stsff numb•Ts and costs leontinu•d) The a99reg¥te payroll t))sts of thege persons were as fO1￿￿¥s.. 2023 2022 Wage5 and salariès So¢ial security costs Pension c¥)Sts 8,205,904 737.243 435.019 7.451,813 657,611 371.S14 9.378.166 8,481.338 The number of employees whose annual remuneration was £￿,C￿ or mofè war.. 2023 Numl>•r 2022 Number £60,00(￿£89.$9g £i00,00(k£109.999 £130,o￿t139.999 Company penslon ¢ontribulons in respecl of Ihe ab)ve empioyaes lotalled £61.06312022- £43.689) In the yaar. The nurn￿r of twstee3 to whom retir￿lent be￿fil¥ undw ¢Jefined contsfb(rtlon soemo8 are accNing durfng the yearwas 112022- 11. The 8ggTggale remuneralKin ol key man8goment pefsonnel during tho y¢ar was £876,807 (2022- £771,832). Key management pèrsonnel Is made up oflhe senior management team employ￿$. Tha company alBO emF4oyed casual staff at warfous times thidng the year. 16 Taxatlon The the81ro lax credit and orchestral tax credit for ￿,764.103 (2022- £n6,1561, relates lo rèliaf dalmed in respect of expenditu￿ dlrectty attribula￿e to prtyJudons and (Xjncarts in the year. This is Thèatre Tax Rolef and Orchestra Tax Relief. Rates of rdief wore raised on 27 Octobèr 2021 tu prowde support ftsllowlng the ¢x)ronavirus pandemic. Theatre lax rdièl is up to 50% (previously 25%) on expenditure which is diredy attributable to a pmduction. and orchestral tax reliel allows relief up Ip S0°A Ipreviousty 25°A) for eligiblè cOn￿rt axpendrture. Rates will r&du42 foi year ended 31 March 2026 (to 35%) and will revert to standard in the following year (to 25°h}.

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 18 Tangible fixed a¥¥ets Group & Company Freehold Long Commercial Equlpment property and le•sehold and vehi¢l•8 and mu$iul Improvèmènts improvwngnts Instruments Totsl Cost At 1 Apdl 2022 14.714,623 18,289.385 259.240 2.468.051 33,729,299 Additions 307,681 358,719 Disposa15 {15.0(M)) (1.394} (16,394) Tran8fors 126.1841 {$3.S391 79.783 At 31 March 2023 14,695,024 16,280.239 244,240 2,852.121 34,071.624 D•pr•clatlon Al 1 April 2022 2,188,087 2.180.731 208.440 1.897,912 6.475,150 Charge for year Dlspo881 296,979 318,861 165,728 808,766 114,406} (13,438) At 31 March 2023 2,485.046 2.499,392 220.402 2,[￿2,870 7,267.509 Carrylng amount At 31 Marcm 2023 12.209.978 13.780,847 23.838 789.451 26,804,114 At 31 March 2022 12.526 556 14 108.654 $0.8 568 139 27.254 149 Within Freehold Land and Buildings is a Jand value of £5S0,O￿ (2022- £550,000) upon whlch no deprecAab"on has been charged. Managèmènt have reviewed thg thssifiLatÉon of r￿ed assets during the year and the tronsfers represent changes made as a result. There was no impact on awmulated depreoation becaLtse these as5¢ts had not yet been deprecAaled. 41

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS {CONTINUED) FOR THEYEAR ENDED 31 MARCH 2023 16 T#nglbl• fued assots Icontlnued) Induded within CommercAal Vehides are ass•is held under finance leases. Thare has been depreciation charged on these assets lotslling £23.838 (2W22.' £23.838} during the year and the net bcok value at the year and was £23,838 (2022.. £47,676). Historically. Arts Council England made a substantial donatbon to variou$ parbas, Induding Opera North, with regard lo the capital prolecl lo r•fvrbi5h the Leeds Grand Theatrè and build production rehearsal and perfornianc& premises fot Opera Norlh. On 10 Juno 2009, 18gs1 dDcJJmentation in thè form of a'Guaran1¢9 and Legal Charge, Deed was finafisod giwng Arts Counul England a fixgd regist•red Eharge on the freehold building 8ssel. This charge can only be exerdsed if certain condiiions are not met. the main cond6ts.on b8ing that the sile Is used for offi¢e and rehearsal trdeAl￿es for a wiod of 20 years from Septgmber 2¢4)8. The eJ)arge hes been ragislerèd at Companies House by the Arts Counal England solkators. Included withln Long Leasehdd 8u11dings is a Warehouse stoJage fadlity at ￿rksta11. Leeds. This has boon purchaséd uslng loan financ4 from HSBC bank In addl￿on to tho warehouse faolty. HSBC bank has taken a charge on th¢ company's fr8ehold offices. known as Howrard Opera Centrè, by way of 8dditlon81 socurity. lim119d to £1.150,CMX to reflect the exlsllng charge lo Art¥ Coundl Engknd. 17 InV￿trOnt In sub•ldiary The ffxed assot Investment comprlses a 1(xfA holdlng in the shara capital of Opgra North Tradlng Limltgd wh1ch wa$ incorporated on 23 September 2014 and prowdes production related semcès to Opgra North Lirnitéd. The registofed office of Opera Noru) T(ading Limite(l is Howard Op8ra Centr8, 8 Harrison Street. Laeds, Wesl Yorkshire, LS16PA. The aggregate amount of share capi(al and TeseNès ol Opera North Trading Limilad as at 31 March 2023 was a defKIt of £59.380 {2022- surplu8 of £19,892) and thè los$ for tho yoarwas £79,251 (2022-10¥3 01 £3.713). 18 Debtorn Gmup 2022 Charfty 2022 2023 2023 Amounts falllng wSthln one year. Trade d8btor8 Other dobiors Theatre & Orchestra tsx credit Amounts owed by group undertakings Prepayments and accruèd incgjme 389.032 281.866 2.770.191 305,536 698.751 736.156 351,601 281.383 2,770.191 111.000 1.354.043 305,536 S98,751 736,156 1,354,918 1.503.709 1.503.709 4,7*.Cl)7 3.244,152 4,868,218 3,244,152 Group 2022 Charity 2022 2023 2023 Amounts due after MO￿ than year. P￿paYMentS and accNed irKome 726 36.212 726 36.212 726 36.212 726 36,212

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 19 Cr•ditor¥ Amounts falling dug within ort• yèar Group 2022 Charfty 2022 2023 2023 Bank108ns and ovèrdrafts Obligauons under finance bases Trade creditOf5 Social secucity and othertax8S Aecruals and d$fgrrod income Other crodilors Amount8 owed lo group und8rtAknngS 111.490 18.74B 497.991 230.775 701,9)9 75,997 108.036 20.577 9J9,023 189,494 973,222 96,962 111,4 18.748 493.393 215.560 .129 70,735 108.038 20.577 8.975 189,494 970.222 96.￿2 743 1.636.910 2.297,314 1,6tyJ.055 2.295,009 Induded within olhgr LYedllor81s an amount totallng £63.345 (2022- £56.0791 Sn Tfjlailon lo a pen8(on crodllor. 20 Deferrnd Inc¢)rn• Deferrfjd income cornprises income wheTeby the chaiity must fvlffl conditions before becoming entifled lo it or where the donor has spo¢rf￿d thal tho In￿rne 1$ to bg won¢Jgd in a future pgriod. Group Gharlty Al 1 Apdl 2022 Amount rdeased to the Statement ol Flnandal Activtties Amount defetT8d In thè yèar 378.183 1378,1831 353.73S 378,183 1378,183} 378,183 At 31 March 2023 353.735 378,183 Deferred income has arfsen In rtlation to advanco box offica and sa￿S In￿m9 that rnlate5 10 8veftts scheduled afterthe year end. 21 Cr9dbtors Amounts falllng due after ono year Group charlty 2023 2022 2Q23 2022 Bank loans and ov¢rdraft$ Obligations under finance leases .M 1.OBO,252 19.57T 968,766 19,5TI 1,080,252 38.325 988.343 1,118.571 988,343 1,118,S77

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 22 Analysls of debt Analy81s of b8nk loan repayments: 2023 2022 Due wlthin one y98r Due betsyeen onè year and fve years 111.490 968.766 108,036 1.060.252 1.080,256 1,188,288 Loan amounts due are in relation to 8 10 year HSBC loan of £1,232,419 financed in October 2021. Interest is chargod al 3.15% fixed for 8 period of 5 yaars. Int8r8St 01 £35,89712022- £31,329) has been charged in the pertod for this loan. Bank kjans and overdrafts of£1.080.256 (2022- £1.188.288} and obligations undor financ81oa$89 of £38,325 12022- £58,902) arè all se￿Iled by the chartty. Barbk loan5 and ovardrafts are securèd by a legal mortgage 498insl the freehold property and l¥aseh¢4d property hekl by the charity. Obligations und•r financg leases are Becured by Ilxod charges on the assets to whith thay rdat8. 23 RMtsl¢tsd fund• The income funds ol the group Include regtrfcted fvnds ￿M￿ls1￿j the following balances of donatltsns and giants held on trust for Sp￿fiC purposes.. Oroup and Charlty Movrnnt In fvnd8 Balanc• It 1 Incomlng Res¢wrces Aprll 2022 rnsources exp•ndèd Trnn*f•r• B•l•nc6 at 31 Mar¢h 2023 Music Works Cornmunity Partnershlp wol Lovorhulmg Trust supported actiMty In Harrnony eiJucation programm Other education pr¢jects Parslfal Circae Howard A5sefflbly Room I Proieds Kir￿¢eS activities Talent development Richmond Hi Other restricted fvnds 14,032,470 41,250 134.427 192,958 {14.032.4701 15.( 150,849 164.607 9.2 58,705 42.000 171 8.764 10,000 135,398) 18S,782) 1219.60n 1209.200) 1347.743) 141.OC#)) 1171) 18,764} 110.OLY)} 20,852 199,494 137.958 200,000 289.038 Total rests]"rted funds 15.0￿,389 459,2 (957.665> {14,032,470) 559.550

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 23 R•stricted fvnds (ContInu￿1 Movom•nt in funds Resoureès oxpended Balan¢• at Incoming l April 2021 resour¢e8 TraMfo￿ Balan¢• at 31 March 2022 Music wo￿$ Community Partnershlp projects Levethulme Trust supported actiyity In Hannony education programrne Olhgr education projects Parsif￿ Cirde Demenu"a frlendjy Howard Assèmbly Room I Projects Klrklees a¢tiwl Talent development Other r881rlded fijnds 13.924,983 354.026 2,000 (246.539) 119,0501 155.1941 1182.000) (214.800} 14,1961 (5,0001 158,000) {43n (26,870} (21.48• 1833,551) 14,032.470 41,250 134.427 192.958 400,000 289,038 189.621 192.958 182,0 614,800 65,840 227.394 228 ' 26,000 21.485 870 246 246 14,433.027 1.490.913 15,090,389 Rastrlct¢d fijnds of £559.550 (2022- £15.1190,389) c4)mprises th• f￿lOw1￿j ￿ndS.. Musl¢ Works of£nil12022- £14,032.470). Ihe thjndraising campaKJn to enat4e a signmcanl ¢9pltal redevdopment project lo tsnsfomi thé Leeds pr8mi8•s and allow for plannod increased actiwty In thg new space. The Company's transformed buildings ara ¥ welcoming homo fof everyone. ¥ placo for ath$ls lo make thrilling muslc.. developing talent and insplring audience$,' and cements North as a trealwe powerhouse In Iha hcart of Leeds. The Music Works project and buildings was completed in Summer 2022 and th&r8fore the purpose of Iho rgstricted funding wa8 mel. The balan¢s has then been transferred to designated ftjnds and will bè reduc8d by the f(rture depreciaUon on thg bulld each year. ommunity Fartngrships Projects of £20.852 12022 £41.2501. These are projects to work wth dlsadvantaged cornmunitie$ in Leeds and help lo transfomi the lives of peoplè Ihtough music and opern. Leverhulm& Trust supported 8clW of £199.494 (2022- £134.427) whlth oontributes to programmes supporting the development ol young artists. usually ot the oulset of thwrcareels through a range of octmties, induding r&$idencie5. In Harmony education project 01£137.95812022- £192,958) whith takes place In seva31 schoo18 in South Leeds. It seeks to d•liver an indusN¢ programme of hlgh-qualty fflu5ic education and performance opportunities in order to encourage young people from all bad(grourKl$ to engage with the arts and, through doing so. benefft from a range ol wider outcomes. Other edLThlion prtiiècts of £2C(I,00012022- £400,tMJOl. These are funds that are glven Ir) Opera North to support ¢lther specAffic education projects or genernl education wo￿. ParBilal Cirdg funds of £nl (2022- £289,038) wère 9eneraled to support the 2023 productlon of Parslfal. Howard Assembty RcK)m funds are £l,(XX) (2Q2- £niD those given to support Ihe work of both the conGert series in the Howard Assembly Room and a150 the reL%ted off-site Project department woth uNlertaken In t)ther venues. Talent development is madè up of various small pro1￿ relating to developing artistic talent RichMOr￿ HI￿ i¥ a ￿mmunty prded In Ihe Rithrnond Hli area of Leeds.

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMEFifs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 24 Unre$trl¢t•d fund¥ Group Movement In funds Balance at I Incoming R•sourcgs Trdngfers Theatrg and Balance at Aprfl 2022 r8sources expended Or¢hestrdl tax 31 March erndit 2023 De8ignated fvnds General unrestrlcted nds 3,478,792 31.531 (732.10n 22.046.956 24.825.172 12.807.559 15.094.080 (18,140.530) {8.014,4861 2.7e4,103 4,510.726 Total unrestricted funds 16.288.351 15,12S.611 {18.872,63T) 14.032,470 2.764.103 29,336,898 Mov•m•nt In fvnds Balanc• •11 Incomlng R•gource¥ Trdnsf•r¥ Theatr• and 8alan¢• at Aprll 2021 r•source• exp•nd•d orch08￿1 tsx 31 Mar¢h credit 2022 Dt$lgn#tod funds General unrestricted funds 2,728,7Y2 750.CK(I 3,478,792 13,727.780 13,9￿1.257 (15,646,614) 736,158 12,807.559 Total unfgslrlcted fvnds 16.458.552 14.740,257 115.646.6141 736,156 16.286,351 Charlty Movement In funds Balance at 1 Incomlng Resourc0$ Trnnsfvrn Th•atre and Balance ¥t Aprfl 2022 r¢sour¢•s expend•d Or¢hestral tax 31 March Tgdit 2023 Designated furbds Gener￿ unrestrfcted funds 3.478.792 31,531 (T32,10n 22.048,956 24,825,172 12.787.668 14.774.882 {17,742.C61) (8.014,4861 2,764.103 4.570,086 Total unrestricted fvnds 16,266,460 14.8(6.393 (18,474.168) 14.032.470 2,764,103 29,395,258 Pknvement In funds Balanee at 1 Incomlng Resoure8s Trnnsfers Thèatre and Balance at April 2021 r•sources expended Orchestrdl tax 31 Ma￿h redit 2022 Designated funds General unrestricted funds 2.728.792 750.01)0 3,478,792 13,704.156 13.￿.257 (1S.642,901) 736.156 12,787,668 Totsl unrestricted funds 16,432,948 14.740257 (15.642.9)1) n6,156 16,266.480

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 24 Unr•8trlcted funds (C•J￿Inuèd) Furtlwr anaty$￿ of de9Ignat￿ lund Group and Charity MoVem￿tin funds Incomlng Resources TrnMf•rs Th¢atr• and Balance at 31 resour¢ eX￿ndèd Or¢h•strnl Mar¢h 2023 tax cr•dlt Balance at I April 2022 New businw p]an investment 1.OC¥).000 (￿0,000) 100,000 Music works propety reserv 2.478,792 31,531 {493.9041 13,882,￿1 15,899,380 Music Works pfojact complation Transformation Fund 149,509 149,509 {238,203) 8.914,486 8,676,283 Total tJg¥ignated 3.478,792 31,531 1732.107) 22,046.956 24,825,172 Mov•ment In fvnd8 In¢omlng RèÈourcos Tr•nsf•rn Th￿trO and Balanc8 at 31 •xpend•d Orchèstral March 202Z tax credlt B¥lanc• at 1 Aprfl 2021 New busIn￿S plan Investment 1,000.C 1,IXJO,000 Musl¢ works propèty serve 1.728.792 750.000 2.478,792 Totsl designaled funds 2,728,792 750,000 3,478.7S2 Designated funds were earm8rk8d by Ihe tru$lees during the year ended 31 March 21y23 to support the charity'5 business plan and the Muslc Works ¢apito] pro￿( The fund of £100.000 is to be used in fijlure years as per inlemal plans in place. Thg balances held in dèsignated fvnds in line wrth Musi¢ Works of £15.899.380 will be reduced by annual depreuatiun WI￿ in line depredafjon gn the assets. The Music works completion fund of£149,5(r3 has designated for professional o)sts not yet trA￿ed. The Tran5fomiation fund of £8.676,283. Is hdd in relab.on to f￿ed assets purchased as pxrt of the Opera North TrdnsfQrma#i￿ project which was completed in 2008. Movemènt in the year rElates to dep￿ty9￿0n. Unrèstricted fuw)d¥ wmprise an operaling resewv8 for general purposes. 47

OPERA NORTH LIMrrED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 24 Analy81# of nèt a￿tr b•twe•n funds Group Unmtrfeted Unrnstrlthd Genèrnl Deslgnated funds funds Restrictod funds Total Fund balances at 31 March 2023 are repr8$￿181 by: Tanglble fixed assais Cash 81 bank and other current assets Long liabilttles 2.228.452 3,270,617 (988.343) 24,575.663 26,804,115 4.079.676 (988,3431 249,509 559,550 4.510.726 24,825.172 559.$50 29.895,448 Unr¢8trlct•d Unvostrlct•d Gènèral Do8lgnatsd fund• funds R••trleted fund• Total Fund balances 8t 31 Mar¢h 2022 are r8present•d by: Tangible ￿ed assets Cash at bank and Olhar not ujrrenl as$els Long lem IvJblllles 10,793,194 3,132.942 {1.118.57n 2.478,792 1.000,[￿) 13.982.163 27,254.149 1,108.226 5,241,168 11,118,57n 12.807,559 3,478,792 15.090.389 31,376,740 Anaty•ls of net amets b•tsv••n fund5 Charlty Unr8strfet•d Unre•tri¢lod Ggrt9rn1 Deslgnatrd Thd• funds Rg8trlctsd funds Total Fund balan¢eg at 31 March 2023 aro reprg3gnt8d by.. Tangible ffxed a5Sèts Cash at bank and Other nel Lajrrent assets Long temi liablllfles 2.228,452 3.329.977 1988.3431 24.575.663 249,509 26,804,116 4,139,035 1988,3431 559.550 4,570,086 24,825.172 559,550 29,954.808 48

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 24 Analysis of net as¥ots between fvnds Icontinu•d} Unrestrlcted General funds Unrestrlcted D¥$lgnated funds Restrictsd funds Totsl Fund balances at 31 Marth 2022 aro rgpresenled by: Tan9lble 11xed assets Cash at bank and Other net curTanl assots Long lèm Ilabllltl 10.793.194 3,113.051 {1.118.5Tn 2,478.792 1.(￿,(*)) 13,982,163 27.254.149 1,108,228 5,221.277 (1,118.577) 12,787,e68 3,478. 15.090.389 31,356,849 2$ Ca8h gonorntèd from 0￿rItIon8 2023 2022 {DèfidIllSu￿1Us for the yè8r 11,481,292) 487,161 Adlustm8nts for. Depreoation of tangible fixed assels Lo8$ on disposal of fixed assets 808,158 597 464.712 Movements In woMn9 capita.. Increase in 3lod Dècreasellincreasel in debtors {De￿¢¥Se)1InCrea$6 in credito 113,667) 517,e66 1662,0291 1389,51n 114.388 Cash goneratsd from operallons (830.569) 876.744 26 Anatysis Of¢hang￿ In n•t d•bt Balance at 1 Apnl 2022 Cash IIow7 Other non<ash chan￿$ Balanee at 31 March 2023 Cash and cash equSvalents Cash 4.256.118 4,258.118 (3.351.932) (3.351,9321 906,186 906.186 Borrowings Debt due within one year Dèbt due after one year {108,036) (1.080,252) (1.188288) (3.4541 {111.4861 {114.9401 1111,490) 11,191,738) 11,303.228} Total 3.(￿9.830 13.466.872) 1397,0421 49

OPERA NORTH LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 27 Operntlng lease commilmonts At the reporbng end date the chaiitatAe Gompany had outstanding commibnonts for future minimum lease paym&nl$ undor non.c4ncellable operating leases. which fall due a5 folk)w5.' 2023 2022 Wlthln one year B8tyv&8n one and five years 7.4S9 13,337 20.478 4,848 20.7 25.326 28 Ev•nts aftor th• balanea gh8•t dAte Sir Ri¢hard Mantle OBE. General Director has announced hi$ retirementto take place on 4 December 2023. HIS successor, Laura Canning has been appointed and will join the organisation in October 2023. In addition. Henry Fllloux-Bènnattjoinod the organisation as Exe(th've Director in May 2023. 29 Charlty Stst•m•nt of flngn¢l•l 4¢fjvlll•¥ The charitable ¢xJmpany has taken advantage of the exemptions 8fftJrdèd by S66*on 408 of the Companlo8 Act and has not included it3 own income and 0xpend￿ule a￿)UnI in these financaal stalement$.