2023-07-31-accounts

PIMLICO OPERA

FINANCIAL STATEMENTS 31 JULY 2023

Registered number

1003836

PIMLICO OPERA

LEGAL AND ADMINISTRATIVE INFORMATION

Status The organisation is a charity, which was registered on 8 August 1991 under number 1003836, governed by a deed dated 3 June 1991.

Trustees J G Derrick J Farr A Fiorollo (resigned on 8 February 2023) F Maddocks (resigned on 8 February 2023) G Meagher S Radcliffe (resigned 31 October 2023) A Sparrowhawk R Anderson (appointed 4 October 2023) I Murray (appointed 4 October 2023) A Uttley (appointed 4 October 2023) N Zeman (appointed 4 October 2023)

Secretary E Cranmer

Chief Executive Officer Wasfi Kani

Principal address Sutton Manor Farm Bishops Sutton Alresford Hampshire S024 OAA

Independent examiners WSM Advisors Limited Chartered Accountants Connect House 133-137 Alexandra Road London SW19 7JY

Bankers Barclays Bank plc Kingsland PO Box 3628 London E8 2JK

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PIMLICO OPERA

TRUSTEES' ANNUAL REPORT

31 JULY 2023

The trustees present their report and the consolidated financial statements of the charity and its subsidiary Pimlico Opera Productions Limited for the year ended 31 July 2023.

Reference and administrative information set out on page 1 forms part of this report.

Objectives and activities for the public benefit

The objects of the charity are to advance education through the promotion, support and encouragement of the art of music and drama and in particular the promotion, encouragement and appreciation of opera. The charity does this by building confidence and teamwork through musical education and performance.

Pimlico Opera has two strands of activity: in prison and in primary schools.

The prison work began in 1989; the first staged collaboration took place in 1992. Over seven weeks, prisoners participate in full-time rehearsals resulting in a truly excellent piece of musical theatre performed before a paying public. Prisoner families attend. The evidence is that prisoners, the prison itself and the public gain immeasurably from these collaborations. There is personal, social and familial approbation for participants and a change in attitude amongst fellow prisoners, prison staff and the public who are astonished by the talent they see. There have been 26 such collaborations and more than 60,000 members of the public have been taken into prison.

The Primary Robins project was launched in September 2013 focusing on primary schools where there is little or no music provision, with Key Stage 2 (age 7-11) results below 70% and a high percentage of free school meals. Every week of the school year, Robins are given a half hour singing class. There is no cost to either the schools or the parents.

Achievements and performance

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|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---| |Primary|Robins| |Annabel|Larard|has|managed|the|project|since|its|inception|in|2013.| |COVID|restrictions and|lockdowns|between|March 2020|and|Spring 2021|restricted what was|possible|and|the|2,000 Robins|often| |received|tuition|online.|After COVID,|the|project|doubled|in|size.|

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In September 2021 (FY22) the project (in its ninth year) had grown to 4,110 Robins in 37 schools.

September 2022 (FY23) saw the further growth to 6,060 Robins in 50 schools. Their weekly half-hour singing class equales to more than 100,000 hours of teaching in the year. The cost is around £200,000 per annum.

The schools are split by region as follows: Hampshire 5 - Surrey 8 - Kent 2 - Essex 9- Manchester 5 - Newcastle 8 - Durham 4 - Lewisham 9.

‘These classes are the orly music happening in all the above schools.

Beyond the regular classes, the project aims brings further enrichment in other formats.

• Around 100 Robins came to Grange Park Opera's theatre in Surrey and performed for their parents and the public in June 2023. They were accompanied by the Berkeley Ensemble and soprano Ailish Tynan was also on the stage.

• « The Berkeley Ensemble gave four orchestral workshops: two in Essex schools at Retterndon Primary School and Meadgate Primary School in Chelmsford and two in Lewisham Twin Oaks Primary School and Deptford Park Primary School in Lewisham. Around 120 children attended each workshop. These workshops are very inspiring. Through them 480 children saw and heard, for the first time, a bassoon or double bass.

• » Mark Evans gave five ABC of Opera workshops at Surrey schools, focusing on the Baroque period. « This was followed up by Mark’s ABC performance in the opera house, allended by 400 children.

The teachers are hugely enthusiastic aboul all these opportunities. The concerts increase the children's self-esteem and confidence and give them the opportunity to perform in a theatre in front of their families.

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PIMLICO OPERA

TRUSTEES' ANNUAL REPORT

31 JULY 2023

Prison

Helen Sennett leads the prison projects.

We continue to work with HMP Bronzefield, one of only 13 UK Women's prisons and the only purpose-built private prison for women in the UK.

It is the largest female prison in Europe, with a roll call of 572 in four house blocks with a mother & baby unit for 12 women and 13 babies up to the age of 18 months. The prison is operated by Sodexo Justice Services.

The musical Hairspray in March 2020 was completed days before the first COVID lockdown. Further lockdowns and high levels of infection prevented a project taking place in FY21 or FY22.

In November 2022 (FY23), the charity returned to HMP Bronzefield for its 27th appearance in prison over 33 years.

The scheduled musical, Little Shop of Horrors - a comedy about a man-eating plant - had, at the eleventh hour, to be changed because of an order from the Ministry of Justice which gave approval for Betty Blue Eyes, based on the film A Private Function by Alan Bennett, about illegal pork supplies during World War 2.

Performances took place 6th-13th November and the project broke even.

Future plans 2023/24

In FY23 Primary Robins is maintaining the existing number of pupils (6,060). However, il is proposed to increase the number of orchestral workshops in the schools. There were 480 Robins who attended a workshop in FY22. It is hoped to increase this to 1,500.

In FY25 there will be 480 new Robins in the Doncaster area.

In September FY24 80 Hampshire Robins gave a concert for (heir parents and the public in Theatre Royal Winchester. Mezzosoprano Olivia Ray sang with them.

From FY2023 it has been decided to revise the structure of the prison work by (a) making the large-scale project biennial (once every two years) (b) maintaining contact with a prison throughout the year with weekly classes.

The new format addresses two issues: (a) the need for regular purposeful activity in prisons whilst existing provision is so limited (b) the difficulties of annual fundraising.

The weekly classes will lake place every Friday afternoon for 2-3 hours with roughly 20 prisoners. Once these have been established, there may be a second class in the morning. Content will include drama (including the prisoners’ own wriling), singing and dance building towards public showcases (in March 2024 and Autumn 2024). These give the prisoners a goal and build support from the public.

All the benefits of the existing project will be felt. Every two years, a group of prisoners will have the intensive, transformative experience of rehearsing for and performing in a West-End standard production, in front of a paying public audience. In addition, weekly sessions will offer many of the same benefits, with more longevity, consistency and structure. Since confidence, energy, teamwork, and positive thinking all contribute to rehabilitation and social integration, the weekly classes, like the prison productions, can facilitate significant improvements, both in the way prisoners view themselves, and are viewed by others. The Prison Reform Trust’s latest Bromley Briefing details how little purposeful activity there is now in prisons, with almost nothing having changed since the lockdowns and extreme restrictions of the pandemic. We know that rehabilitation is vital, but opportunities such as this are vanishingly rare.

The next large scale project will be in February 2025.

Financial review, reserves policy and risk management

The net inflow for the year amounted to £15,682 (2022: Outflow £35,105). The charity carried forward a surplus on its unrestricted fund at 31 July 2023 of £208,451.

The work in prisons and primary schools is supported by donations from trusts and individuals. The prison production also generates box office receipts. The trustees review the level of risk associated with each area of income, particularly the support raised from donors for the prison and primary schools work and the box office. The trustees are satisfied that adequate steps have been taken (o mitigale these financial control risks and will continue to review the control environment in line with the rising standards required by the Charity Commission.

The trustees were pleased to note the increased donations received from trusts in respect of the Primary Robins project. These gifts, some pledged for three years, have enabled the project to plan a further expansion,

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PIMLICO OPERA

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TRUSTEES' ANNUAL REPORT continued
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31 JULY 2023
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Structure, governance and management
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The trustees who served during the year were as follows:
] G Derrick
J Farr
F Maddocks (resigned on 8 February 2023)
G Meagher
S Radcliffe
A Sparrowhawk
A Fiorotto (resigned on 8 February 2023)
New trustees are appoinled by the existing trustees on the basis that they will provide the board with skills and experience
appropriate lo the needs of the charity. They are usually already familiar with Pimlico Opera bul are also given additional
background information by the board and management of the charity by way of induction.
New truslees appointed on 4 October 2023 were, R Anderson, Lady 1 Murray, A Utley and N Zeman.
The board meets when necessary and at least once a year and is responsible for the strategic direction and policy of the
charity.
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Day to day responsibility is delegated to the Chief Executive Officer, Wasfi Kani, and senior staff.

Key management personnel remuneration

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The trustees consider that the board of trustees and the senior management team comprise the key management personnel of
the charily in charge of directing and controlling, running and operating the trust on a day to day basis. All trustees give their
time freely and no trustee received any remuneration in the year. Details of related party transactions are disclosed in note 12.
As explained in note 6 the cost of the senior management team is re-charged by Grange Park Opera. The charge is reviewed in
the light of the level of activity in this charity each year and agreed between the boards of both charities on an annual basis at
an amount which represents an approximate apportionment of the cost of shared staff and facilities.
Connected charities
Pimlico Opera has an associated charity, Grange Park Opera. Both charities share an office and staff, as detailed in the notes to
the accounts.
This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by
Charities.
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By order of the Truslees

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U . ce SS oS ( TAL ML Le
E CRANMER
Secretary to the Trustees
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Date: 17 April 2024

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PIMLICO OPERA

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclice).

Law applicable to charities in ingland and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year.

• In preparing financial stalements giving a true and fair view, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent;

• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;

• • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website.

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

PIMLICO OPERA

1 report to the trustees on the consolidated financial statements of Pimlico Opera (“the Charity”) for the year ended 31 July 2023 set out on pages 7 to 14.

Responsibilities and basis of report

• As the Charity's trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 ("the Act").

l report in respect of my examination of the consolidated financial statements of the Charity carried out under section 145 of the Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

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Independent examiner's statement
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The Charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales

Ihave completed my examination. I confirm that no material matters have come to my attention in connection with the examination which give cause to believe thal, in any material respect:

• (a) the accounting records were not kept in accordance with section 130 of the Act; or (b) the accounts did not accord with the accounting records; or

• (c) the accounts did not comply with the applicable requirements concerning the form and content of accounts set out the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true Fair” view which is not a matter considered as part of an independent examination.

Ihave no concerns and have come across no other matters in connection with the examination to which attention should be drawn in in this report in order to enable a proper understanding of the accounts to be reached.

j az rt yo4 e SM Aa visa Ltn - 4 nn Simon Marsh FCA Date: (7[0# [24 WSM ADVISORS LIMITED Chartered Accountants Connect House 133-137 Alexandra Road London SW19 7LP

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PIMLICO OPERA

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 JULY 2023

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |Unrestricled|Restricted|2023|2022| |Funds|Funds|Total|Tolal| |Notes|£|£|£|£| |Income| |Charitable|Activities| |Opera|Performances|1|26,079|25,360|51,439|-| |Donations|and|grants|2|20,957|396,195|417,152|139,353| |Generated|funds| |Core|grants|from|trusts|3|19|-|19|1,000| |Investment|income|and|interest|1,189|-|1,189|-| |48,244|421,555|469,799|140,353| |Expenditure| |Charilable|Activities| |Prison|project|expenses|4|-|204,474|204,474|40| |Primary Robins expenses|4|-|155,205|155,205|100,224| |Core|costs|5|-|86237|86,237|67,283| |Generated|funds| |Core|costs|5|8,201|-|8.201|7,911| |8,201|445,916|454,117|175,458| |Net Income|/|(expenditure)|for year|40,043|(24,361)|15,682|(35,105)| |Transfers|between funds|9|(46.581)|46,581|-|-| |Theatre|tax|relief|credits|46,678|-|46,678|-| |Net|income|after|transfers|and|tax|40,140|22,220|62,360|(35,103)| |Total funds brought|forward|168,311|158,896|327,207|362,312| |Total funds|carried|forward|208,451|181,116|389,567|327,207|

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The charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the charity are classed as continuing.

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PIMLICO OPERA

CONSOLIDATED BALANCE SHEET - 31JULY 2023

			2023		2022
	Notes	£	E	£		£
Current assets
Debtors	7	53,759		28,303
Cash atbankand inhand		420,649		461,269
		474,408		489,572
Creditors: amounts fallingdue
within one year	8	84,841		162,365
Netcurrent assets			389,567			327,207
Total assets less current liabilities			389,567			327,207
Representedby:
Funds
Restricted Unrestricted	9 10		181,116 208,451			158,896 168,311
			389,567			327,207

These financial statements were approved by the board of trustees on 17 April 2024 and signed on their behalf by:

G MEAGHER - Trustee

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PIMLICO OPERA

CHARITY BALANCE SHEET - 31 JULY 2023

		2023		2022
	Notes	£	£	£	£
Fixed assets
Investment in subsidiary	14		100		100
Current assets
Debtors	7	161,137		18,253
Cash atbankand inhand		389,511		441,591
		550,648		459,844
Creditors: amounts fallingdue within one
year	&	84,275		195,904
Netcurrent assets			466,373		263,940
Total assets less current liabilities			466,473		264,040
Represented by:
Funds
Restricted	9		181,116		158,896
Unrestricted	10		285,357		105,144
			466,473		264,040

These financial statements were approved by the board of trustees on 17 April 2024 and signed on their behalf by:

G MEAGHER- Trustee

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PIMLICO OPERA

ACCOUNTING POLICIES

Principal accounting policies

The accounting policies have been applied consistently throughout the year and in the preceding year and are set out below.

Basis of accounting

‘The accounts have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland"("FRS 102"), "Accounting and Reporting by Charities" the Stalement of Recommended Practice for charities applying FRS 102, the Charities Act 2011 and UK Generally Accepted Accounting Practice as it applics from 1 January 2015. They have been prepared under the historical cost convention. The charity is a Public Benefit Entity as defined by FRS 102.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the relevant version of the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Basis of consolidation

The group financial statements consolidate the financial statements of Pimlico Opera and its wholly owned subsidiary Pimlico Opera Productions Limited for the year ended 31 July 2023. The holding represents 100 £1 ordinary shares. The results for the subsidiary are sct out in note 14.

Going concern

At the time of approving the financial statements, the trustees have undertaken an assessment of the adequacy of the resources available to the charity. ‘he trustees have a reasonable expectation the charity has adequate resources to continue in operational existence for the foreseeable future and accordingly continue to adopt the going concern basis of accounting in preparing the financial statements.

Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure that meets these criteria is charged to the fund, logether with an allocation of management and support costs.

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

Income recognition

All incoming resources are included in the statement of financial activities when the charity is unconditionally entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Income from prison opera performances is recognised in the year in which the production takes place.

Voluntary income is received by way of donations and gift aid tax. Donations are recognised when received, provided that the conditions attached to them can be met. Prison gifts are given in relation Lo a specific production and are recognised in the year in which the production takes place. Gifl aid tax is accrued on applicable donations and recognised in the same year as the relevant donations.

Grants are recognised when the charity becomes unconditionally entitled to the grant. [f grants relate to a prison production they are deferred to the year in which the production takes place.

Investment income is recognised in the year in which it is receivable.

Expenditure recognition

Expenditure is recognised on an accruals basis as liabilities are incurred. Costs relating lo a particular activity are allocated directly, whereas support and governance costs are apportioned in relalion lo usage as specified in note 5.

Charitable expenditure comprises the costs of opera productions for prison performances and the continuing work in primary schools: Primary Robins.

Costs of generating voluntary income comprise costs associated with soliciting and receiving donations and grants.

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PIMLICO OPERA

NOTES TO THE ACCOUNTS - 31 JULY 2023

1	Opera performances
		Unrestricted	Restricted	2023	2022
		fund	funds	Total	Total
		£	£	£	£
	Prisonproject tickets Programme salesand otherincome Compensation received	23,359 2,720 -	- - 25,360	23,359 2,720 25,360	- - -
		26,079	25,360	51,439	-
2	Donations and grants
		Unrestricted	Restricted	2023	2022
		funds	funds	Total	Total
		£	£	£	£
	General donations	18,489	-	18,489	450
	Individual donations - prison	-	35,145	35,145	16,150
	Donations from trusts -prison	-	121,440	121,440	21,560
	Primary Robins donations	-	17,519	17,519	12,890
	Donations from trusts - Primary Robins	-	212,180	212,180	83,337
	Gift aid on donations -prison	2,468	9,911	12,379	4,966
		20,957	396,195	417,152	139,353
3	Grants
		Unrestricted funds	Restricted funds	2023 Tolal	2022 Total
		£	£	£	£
	Core grants from trusts	19	-	19	1,000
4	Resources expended on charitable activities - group
		Prison project	Robins project	2023 Total	2022 Total
		£	£	£	£
	Performanceand teaching fees Director, designer, choreographerandconductor	63,447 25,850	124,709 -	188,156 25,850	75,162 -
	Orchestra fees	21,615	4,867	26,482	400
	Sets, costumes and props	39,788	-	39,788	-
	Venuc costs	34,898	-	34,898	350
	Rehearsalroomand music costs	4,946	-	4,946	2,910
	Traveland transport expenses	12,894	13,599	26493	10,731
	Other direct expenses	1,036	12,030	13,066	10,711
		204,474	155,205	359,679	100,264
	Core costs	42,645	43,592	86,237	67,283
		247,119	198,797	445,916	167,547

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PIMLICO OPERA

NOTES TO THE ACCOUNTS - 31 JULY 2023

5	Core costs -group
				2023		2022
				£		£
	Staff costs			66,352		51,731
	Office costs			24,736		18,338
	Examiner's fees andaccountancy			3350		5,125
				94,438		75,194
	Core costs have been allocated as follows. Pimlico Opera Productions core
	costs have allbeen allocated to the prisonfund, so the percentages are approximate.
				2023		2022
				£		£
	Prisonproject Primary Robins		60% 30%	42,645 43,592	60% 30%	43,579 23,704
	Administrationand governance		10%	8,201	10%	7911
				94,438		75,194
6	Staff costs
				2023		2022
				£		£
	Management charge			33,091		24,508
	included withinstaffcosts innote5 above is	amanagement charge relating lo salaries andconsultancy			consultancy fees	rechargedby
	Grange ParkOpera forsharedstaff (seenote	12).
7	Debtors
			Group	Group	Charity	Charity
			2023	2022	2023	2022
			£	£	£	£
	PimlicoOperaProductions Limited -subsidiary		-	-	154,097	-
	VAT		6,694	1,582	6,666	1,482
	Theatre tax relief		46,673	-	-	-
	Prepayments andaccruedincome		392	26,721	374	16,771
			53,799	28,303	161,137	18,253
8	Creditors: amounts falling duewithin one year		Group 2023	Group 2022	Charity 2023	Charity 2022
			£	£	£	£
	PimlicoOpera Productions Limited -subsidiary		-	-	-	41,214
	Trade creditors		4,947	21,131	4,931	14,681
	Grange ParkOpera		50,466	27,991	50,466	27,991
	Accruals Income inadvance		4,353 25,075	6,598 106,645	3,803 23,075	5,373 106,645
			84,841	162,365	$4,275	195,904

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PIMLICO OPERA

NOTES TO THE ACCOUNTS - 31 JULY 2023

9	Restricted funds - group
						Transferred
						in year to	Balance at
		Balances at 31 July2022	Incoming Resources		Resources expended	—Unrestricted funds	31 July 2023
	Prisonproject Primary Robinsfund	£ 10,922 147,974	£ 189,616 231,939		£ (247,119) (198,797)	£ 46,581 -	£ - 181,116
		158,896	421,555		(445,916)	46,581	181,116
10	General fund
			Balance	at	Incoming	‘Transferred	Balance	at
			31 July2022		resources	in year	31 July 2023
				£	£	£		£
	Group General Reserve		168,311		86,721	(46,581)	208,451
			168,311		86,721	(46,581)	208,451

The trustees aim to hold unrestricled reserves to cover 3 months' administration costs, which are approximately £42,000,

11 Analysis of net assets by funds

Analysis of netnet assets by fundsfunds
	Current	Net
	net assets	assets
	£	£
Restrictedfunds	181,116	181,116
Unrestricted general fund	208,451	208,451
	389,567	389,567

12 Related party transactions

At 31 July 2023 Pimlico Opera owed Grange Park Opera £50,466 (2022 £27,991).

During the year Grange Park Opera charged Pimlico Opera £50,591 for shared staff and office costs (2022 £40,008).

13 Financial performance of the charity

‘The summary financial performance of the charity alone is:

‘The summarysummary financial performance of the charity alone is:
	2023	2022
	£	£
Income	444,438	140,353
Expenditureoncharitable activities	(242,005)	(170,985)
Netincome/(expense) foryear	202,433	(30,632)
Totalfunds brought forward	264,040	294,672
Total funds carried forward	466,473	264,040
Represented by:
Restricted funds	181,116	158,896
Unrestricted general fund	285,357	105,144
	466,473	264,040

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PIMLICO OPERA

NOTES TO THE ACCOUNTS - 31 JULY 2023

1. Additional information on subsidiary

Pimlico Opera Productions Limited is	awholly owned subsidiary -company registration 11137274 (England and Wales).	awholly owned subsidiary -company registration 11137274 (England and Wales).
Ithas beenformed inorderto incur the core costs ofopera productions and toclaimTheatreTax Relief.
The trading results were as follows:
	2023	2022
	£	£
Turnover	25,361	-
Production costs	(212,112)	(4,473)
	(186,751)	(4,473)
Theatre tax reliefcredits	46,678	-
Loss retained insubsidiary	(140,073)	(4,473)
Assets Liabilities	77,856 (154,662)	70,942 (7,675)
Equity	(76,806)	63,267

Pimlico Opera Productions Limited is exempt from audit of its individual accounts under section 477 of the Companies Act 2006 relating to small companies.

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