FAT LADY OPERA CIC

Company limited by guarantee

Company Registration Number:
11596051 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 October 2023

End date: 30 September 2024

FAT LADY OPERA CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FAT LADY OPERA CIC

Directors' report period ended 30 September 2024

The directors present their report with the financial statements of the company for the period ended 30 September 2024

Directors

The directors shown below have held office during the whole of the period from
1 October 2023 to 30 September 2024

Tania Marie Holland
Clare Therese Foster
Wendy Elizabeth Daws


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 December 2024

And signed on behalf of the board by:
Name: Tania Marie Holland
Status: Director

FAT LADY OPERA CIC

Profit And Loss Account

for the Period Ended 30 September 2024

2024 2023


£

£
Turnover: 39,107 29,271
Cost of sales: ( 37,086 ) ( 22,546 )
Gross profit(or loss): 2,021 6,725
Administrative expenses: ( 3,909 ) ( 4,300 )
Operating profit(or loss): (1,888) 2,425
Profit(or loss) before tax: (1,888) 2,425
Tax: 460 ( 466 )
Profit(or loss) for the financial year: (1,428) 1,959

FAT LADY OPERA CIC

Balance sheet

As at 30 September 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 623 89
Total fixed assets: 623 89
Current assets
Debtors: 4 459
Cash at bank and in hand: 8,687 6,666
Total current assets: 9,146 6,666
Creditors: amounts falling due within one year: 5 ( 8,815 ) ( 4,373 )
Net current assets (liabilities): 331 2,293
Total assets less current liabilities: 954 2,382
Total net assets (liabilities): 954 2,382
Members' funds
Profit and loss account: 954 2,382
Total members' funds: 954 2,382

The notes form part of these financial statements

FAT LADY OPERA CIC

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 December 2024
and signed on behalf of the board by:

Name: Tania Marie Holland
Status: Director

The notes form part of these financial statements

FAT LADY OPERA CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Computer equipment 25% on reducing balance

FAT LADY OPERA CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 0 0

FAT LADY OPERA CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2023 209 209
Additions 742 742
Disposals
Revaluations
Transfers
At 30 September 2024 951 951
Depreciation
At 1 October 2023 120 120
Charge for year 208 208
On disposals
Other adjustments
At 30 September 2024 328 328
Net book value
At 30 September 2024 623 623
At 30 September 2023 89 89

FAT LADY OPERA CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

4. Debtors

2024 2023
£ £
Other debtors 459
Total 459

FAT LADY OPERA CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Taxation and social security 467
Accruals and deferred income 8,300 3,391
Other creditors 515 515
Total 8,815 4,373

COMMUNITY INTEREST ANNUAL REPORT

FAT LADY OPERA CIC

Company Number: 11596051 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

Fat Lady Opera CIC aims to provide inclusive and accessible opera, theatre and music projects to local communities across Kent and the South East. During our fourth year of trading and despite the ongoing impact on community activities due to the cost of living crises, pressure on statutory funds and rising cost of trading, this ambition was achieved through the following projects and programmes: LIGHT This was a large-scale 6 month partnership programme of music and arts creative workshops that explored notions of Light and Hope. It worked with people of all ages and predominantly with those living in deprived areas of Folkestone and the surrounding towns. The participants were made up of people from different age groups and included people with visual impairment, neural impairment, mobility challenges and long term health conditions. The project also sought to support artist practice and prosper skills exchange opportunities. The result was a large-scale performance at Folkestone Leas Cliff Hall called LIGHT PROMENADE, and a GLOW PICNIC family day event at Folkestone Amphitheatre plus series of short performances that were free to the public. A partnership project co-developed with MASC Charity, Folkestone Community Players and Strange Cargo supported by Arts Council, and local ward grants. RiverVoice. In 2022 Fat Lady Opera began work with a struggling choir to provide family centred singing and accessible music-making impact. As a result older people and their families, mostly from Medway, have been learning good vocal health, joining together in singing, gaining confidence, keeping active and spending time with primary-aged children and wider family units. This year RV members have had the opportunity to take part in the huge spectacular theatre and music event GHOST SHIPS at Chatham Historic Dockyard. The choir have also had opportunity to perform outside of Medway at the Kent-wide Choiroke, Beacon Memorial Service and Safe Harbour concert in Hythe. RiverVoice operates in long term partnership with Icon Theatre, St Augustine’s Church; Byron Primary School; Warren Wood Primary and St Stephen’s Church. Performing Arts Engagement. FLO have been developing wider partnership activities that relieve our small company from all the burden of securing funding. Impact: As a result we have taken over 150 people to watch performances in London for free as part of the English National Opera Engage programme - this includes people who have never seen an opera before, people who are disabled, people who are managing long term physical or mental health conditions. Partners: ENO and Shepway Voices. Water’s Edge: This is a longterm programme of opera and classical vocal engagement activities that introduce people to unfamiliar music and engage them in the process of making work and singing. This year we have hosted 8 open workshops and this work continues to drive interest in opera and open access. Impact: People increased in vocal confidence and uplift in people’s mood as they became engrossed in forensic opera exploration and creation. Partners/Funders: Medway and Swale Health Care Partnership, Kent Community Foundation.

Consultation with stakeholders

Fat Lady Opera undertakes ongoing consultation, evaluation and reflection on the impact and reach of our work with all our stakeholders. We aim to provide benefit to and consult with: Communities and individuals who might otherwise not have access to opera and live music and theatre. See PERFORMING ARTS ENGAGEMENT above. Artists at different stages of their career who are interested in creating new work, both with and for communities who might not have experience or easy access to contemporary arts practice. See the LIGHT project outlined above. Professional and non-professional groups who would like more access to relevant, meaningful and engaging opera. See WATER’S EDGE project outlined above. Disabled and marginalised groups who are interested in pursuing their creative practice through the medium of opera. See RIVERVOICE and LIGHT project outlined above. In response to these aims we regularly incorporate consultation processes with participants, artists and stakeholders. Many of the FLO led projects listed above employed an early collaborative approach with participants that informed the development of each project and continues to inform our work. All projects also incorporate a final evaluation with all stakeholders including partners, participants and artists that informs the planning for all current and future projects. Evaluation and Impact reports are available for all the above projects compiled by FLO, and are available to any stakeholders for viewing. The consultation with communities this year has indicated that people benefit from and have found the projects a crucial platform for increasing their confidence in social spaces outside of home. Participant evaluations indicate that people would like our projects to be a permanent part of their lives, but that the rising cost of living and travel makes it difficult for people to make any large donations to the company and sometimes even small membership fees are hard for people. Meantime funding for the Arts continues to face cuts. Until both the funding challenge and the project-based funding landscape for the arts changes, we are unlikely to be able to offer yearround programmes of work and extend our own company officer capacity. A selection of quotes and feedback is outlined below: From LIGHT participants That was the most incredible day in so many ways. It was an absolute privilege to be involved in the Light - thank you I had the pleasure of attending the Light Promenade last night. I particularly enjoyed "Indefinite number", the surround sound created was magical, thank you. From RiverVoice participants The choir is my bit of sanity in the week. It’s always a lovely way to spend a morning - like a big family. Can’t believe that we managed to learn the Ghost Ships music. What an achievement. It was so hard, but we did it. From Performing Arts Engagement participants We had a wonderful time watching the opera and learning about it beforehand. Getting to see La Boheme was brilliant. So moving. Thank you

Directors' remuneration

Artistic Director’s fees totalling £16,808 were paid to the Director, Mrs TM Holland, in the period of which £14,808 relates to the delivery of specific projects with restricted budget funds, and £2,000 relates to more generalised Artistic Director activities. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
30 December 2024

And signed on behalf of the board by:
Name: Tania Marie Holland
Status: Director