REGISTERED COMPANY NUMBER: 03513138 (England and Wales) REGISTERED CHARITY NUMBER: 1069055
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 30 September 2022
for
Tête à Tête Productions Limited
The Hughes Consultancy 1 Golden Court Richmond Surrey TW9 1EU
Tête à Tête Productions Limited
Contents of the Financial Statements for the Year Ended 30 September 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
Tête à Tête Productions Limited
Report of the Trustees for the Year Ended 30 September 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charitable objects of Tête à Tête Productions Limited are - to promote, maintain, improve, and advance education by the encouragement of the arts, including the arts of drama, mime, dance, singing and music, and all other arts relating to the performance and presentation thereof and to formulate, prepare and establish schemes therefore provided that all objects of the company shall be of a charitable nature.
Mission
Our mission is to bring artists and audience together to explore the future of opera. Our vision is to make a future where the creation and consumption of opera is open to anyone. Our values are to treat everyone conscientiously, carefully, considerately and encourage our peers and partners to do the same, and keep the emphasis on integrity and emotional honesty through all work.
Staff and Volunteers
The trustees thank everyone who helps the company meet its mission and asks it be noted that in accordance with the company's Equality and Action Plan 2018 - 2022, the company ensures it pays everyone who works for the charity, thus keeping opportunities with Tête à Tête open to all.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The period began with confirmation we had secured 22-23 Arts Council England National Portfolio Extension Year funding and with it we entered what has been one our busiest years yet with projects once again taking place throughout the UK.
Winter and early Spring saw extensive planning with the writing and submitting of an Arts Council England National Portfolio Application for the funding period April 23 - March 26.
The performance season began in April 2022 with a return to The Royal College of Music (RCM) London producing 6 new operas created by RCM composers and performed by RCM singers & musicians. Playing to packed, non socially distanced, houses over two nights in May and live streamed around the world the project was played out under the continued specter of Covid 19 seeing both Bill and Tim having to contribute for periods remotely as the virus affected the production and performance period.
Early June saw rehearsals begin for The Firework-Maker's Daughter, A Minack Production in association with Tête à Tête running for 6 performances at The Minack Theatre and touring for one performance to Prideaux Place, Padstow. Directed by Bill Bankes-Jones, with musical director Patrick Bailey it was designed by Sarah Booth and featured leading singers from throughout the UK and instrumentalists from Cornwall based Kevos. Working with pupils at Padstow School the children came together to perform as part of the Prideaux Place performance.
Meanwhile in North Shields weekly sessions with community groups were gaining momentum for HOME a specially commissioned opera expressing what the concept of home means to local residents through spoken word, song, dance and music. Working with Royal Northern Sinfonia, the work was created by over 200 local people from Can't Sing Choir, Backworth Male Voice Choir, Falling on your Feet dance company and children from New York Primary, Whitehouse Primary, and King Edward Primary schools. The opera was part of the inaugural Tyne Coast Festival and culminated in two performances in mid July playing to over 400 people.
Mid-August saw the beginning of the 15th Tête à Tête: The Opera Festival which ran till the end of September bringing over 3000 audiences members together to witness birth to 29 new works over 44 performances involving over 400 artists.
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Tête à Tête Productions Limited
Report of the Trustees for the Year Ended 30 September 2022
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
Trust and Foundations
Continued support from the Cockayne Foundation for the second of three years gives a boon to the London festival. Thanks too to The Austin Hope and Pilkington Trust for their investment once again. Thanks also to FEAST who gave permission for us to transfer their grant from Pop Up Operas to work with Padstow School on The Firework-Makers Daughter.
Subsidy
We heard in November 2022, at the time of preparing these accounts, that we have secured continued Arts Council England National Portfolio Organisation status for a further 3 years.
Private Donations
Following such tremendous support over the previous two years this year saw a return to pre-pandemic levels.
FINANCIAL REVIEW
Reserves policy
The Trustees believe that the company should hold financial reserves. It has no endowment funding and is entirely dependent on income from grants, earned income, sponsorship and donors. Inevitably, these fluctuate.
The company also requires protection against unforeseen events and the ability to continue operating in spite of the unforeseen. It has been the policy of the Board to build up reserves that are equivalent of six months` operating costs.
The Trustees believe that the reserves should be built up to the desired level in stages consistent with the charity's overall financial position and its need to maintain and develop its charitable activities.
In general, the company funds its charitable activities on a project by project basis; an estimate of expenses is made and sufficient funding is sought.
FUTURE PLANS
Our Plans for 2023 include:
Collaboration with Plymouth University
Collaboration with Newcastle University
The 16th Tête à Tête: The Opera Festival 2023 in London with additional new festival partnerships in Cornwall and Newcastle
25 years birthday celebrations
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Tête à Tête Productions Limited ("the company") was incorporated as a company limited by guarantee (Company number: 03513138) on 18 February 1998 and registered as a charity (Charity number: 1069055) on 7 April 1998.
The governing documents of the charitable company are its Memorandum and Articles of Association.
Appointment of trustees
The trustees, who act as Directors for the purposes of the Companies Act 2006 and Trustees in respect of the Charities Act 1993, are appointed by the Board in the first instance and then retire at each Annual General Meeting and, if they wish so, stand for re-election.
Potential candidates who act as new trustees are identified by the existing Board, as well as posts advertised, to fill vacancies or to provide additional skills or expertise. Candidates are invited to attend a series of board meetings to establish their suitability and to propose their appointment. The appointment of new trustees is ratified by a General Meeting of the members. Training is made available for new trustees if necessary, particularly with regard to the special responsibilities of trusteeship of a charity.
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Tête à Tête Productions Limited
Report of the Trustees for the Year Ended 30 September 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure
The Company structure now comprises a Board of Trustees who delegate day to day operations to a management team.
The Board represents a broad spectrum of skills: artistic, legal, accounting, education & training, management & administration.
The Board of Trustees meets quarterly to review the financial position and progress of projects and additionally ad hoc, when important milestone decisions need to be made. The day to day management of approved projects to agreed budgets is delegated to the Artistic and Administrative Directors. Every board meeting reviews those risks relevant to the next operational period as laid out in our existing risk assessment policy.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
03513138 (England and Wales)
Registered Charity number
1069055
Registered office
Krowji West Park Redruth Cornwall TR15 3GE
Trustees
David Leeming (deceased 27/2/2023) J Wright Ms K L Price R Ault O Shahryar S Hard (appointed 1/8/2022) G H Sanders (appointed 18/10/2022)
Company Secretary
Artistic Director
Bill Bankes-Jones
Administrative Director
Anna Gregg
17th February 2023 Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ R Ault - Trustee
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Tête à Tête Productions Limited
Statement of Financial Activities for the Year Ended 30 September 2022
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 128,343 Charitable activities Other income 3,189 Total 131,532 EXPENDITURE ON Raising funds - Charitable activities Operatic productions 86,956 Support costs 54,142 Total 141,098 NET INCOME/(EXPENDITURE) (9,566) RECONCILIATION OF FUNDS Total funds brought forward 31,175 TOTAL FUNDS CARRIED FORWARD 21,609 |
Restricted fund £ - - - - - - - - - - |
2022 Total funds £ 128,343 3,189 131,532 - 86,956 54,142 141,098 (9,566) 31,175 21,609 |
2021 Total funds £ 133,862 1,528 |
|---|---|---|---|
| 135,390 | |||
| - 81,945 50,919 |
|||
| 132,864 | |||
| 2,526 28,649 |
|||
| 31,175 |
The notes form part of these financial statements
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Tête à Tête Productions Limited
Balance Sheet 30 September 2022
| Unrestricted Restricted fund fund Notes £ £ CURRENT ASSETS Stocks 4 2,600 - Debtors 5 33,133 - Cash at bank 6,409 - 42,142 - CREDITORS Amounts falling due within one year 6 (20,533) - NET CURRENT ASSETS 21,609 - TOTAL ASSETS LESS CURRENT LIABILITIES 21,609 - NET ASSETS 21,609 - FUNDS 7 Unrestricted funds TOTAL FUNDS |
2022 Total funds £ 2,600 33,133 6,409 42,142 (20,533) 21,609 21,609 21,609 21,609 21,609 |
2021 Total funds £ 2,600 378 40,102 43,080 (11,905) 31,175 31,175 31,175 31,175 31,175 |
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 17th February 2023
............................................. R Ault - Trustee
The notes form part of these financial statements
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Tête à Tête Productions Limited
Notes to the Financial Statements for the Year Ended 30 September 2022
1. ACCOUNTING POLICIES
Basis of accounting
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The financial statements have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005).
Without limiting the information given, the financial statements meet the accounting and disclosure requirements of the Companies Act 2006 and have been prepared in accordance with applicable accounting standards.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Sponsorship and grants
Sponsorship and grant income is recognised as incoming resources when the conditions for its receipt have been met and is included in full in the Statement of Financial Activities when receivable.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
Tête à Tête Productions Limited
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2022 nor for the year ended 30 September 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2022 nor for the year ended 30 September 2021.
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 133,862 Charitable activities Other income 1,528 Total 135,390 EXPENDITURE ON Raising funds - Charitable activities Operatic productions 81,945 Support costs 50,919 Total 132,864 NET INCOME 2,526 RECONCILIATION OF FUNDS Total funds brought forward 28,649 TOTAL FUNDS CARRIED FORWARD 31,175 4. STOCKS Stocks |
Restricted fund £ - - - - - - - - - - 2022 £ 2,600 |
Total funds £ 133,862 1,528 |
|---|---|---|
| 135,390 | ||
| - 81,945 50,919 |
||
| 132,864 | ||
| 2,526 28,649 |
||
| 31,175 | ||
| 2021 £ 2,600 |
continued...
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Tête à Tête Productions Limited
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
| 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Amounts due from donors Accrued income 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Deferred Income VAT Accrued expenses 7. MOVEMENT IN FUNDS At 1.10.21 £ Unrestricted funds Unrestricted 31,175 TOTAL FUNDS 31,175 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds Unrestricted 131,532 TOTAL FUNDS 131,532 Comparatives for movement in funds At 1.10.20 £ Unrestricted funds Unrestricted 28,649 TOTAL FUNDS 28,649 |
2022 2021 £ £ 2,033 378 31,100 - 33,133 378 2022 2021 £ £ 17,290 7,162 2,000 2,000 493 1,993 750 750 20,533 11,905 Net movement At in funds 30.9.22 £ £ (9,566) 21,609 (9,566) 21,609 Resources Movement expended in funds £ £ (141,098) (9,566) (141,098) (9,566) Net movement At in funds 30.9.21 £ £ 2,526 31,175 2,526 31,175 |
|---|---|
continued...
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Tête à Tête Productions Limited
Notes to the Financial Statements - continued for the Year Ended 30 September 2022
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted TOTAL FUNDS |
Incoming resources £ 135,390 135,390 |
Resources Movement expended in funds £ £ (132,864) 2,526 (132,864) 2,526 |
Resources Movement expended in funds £ £ (132,864) 2,526 (132,864) 2,526 |
|---|---|---|---|
| 2,526 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds Unrestricted TOTAL FUNDS |
Net At movement At 1.10.20 in funds 30.9.22 £ £ £ 28,649 (7,040) 21,609 28,649 (7,040) 21,609 |
Net At movement At 1.10.20 in funds 30.9.22 £ £ £ 28,649 (7,040) 21,609 28,649 (7,040) 21,609 |
|---|---|---|
| 21,609 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds Unrestricted TOTAL FUNDS |
Incoming resources £ 266,922 266,922 |
Resources Movement expended in funds £ £ (273,962) (7,040) (273,962) (7,040) |
Resources Movement expended in funds £ £ (273,962) (7,040) (273,962) (7,040) |
|---|---|---|---|
| (7,040) |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2022.
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Tête à Tête Productions Limited
Detailed Statement of Financial Activities for the Year Ended 30 September 2022
| INCOME AND ENDOWMENTS Donations and legacies Private donations individuals (including Gift Aid) Arts Council England King's Cross Central GP Ltd Marchus Trust Hall for Cornwall Cockayne Foundation Austin Pin Hope Trust Hoare & Co Embassy Netherlands Charitable activities Other income from charitable activities Box office income Total incoming resources EXPENDITURE Other trading activities Opening stock Closing stock Charitable activities Operatic productions Marketing activities Support costs Management Insurance Telephone and internet Postage and stationery Subscriptions Administration office expenses Administration fees Travel and subsistence Computer costs |
2022 £ 2,861 102,431 - - - 15,000 1,000 5,000 2,051 128,343 347 2,842 3,189 131,532 2,600 (2,600) - 86,956 17,010 103,966 683 990 69 745 1,084 27,160 4,465 144 35,340 |
2021 £ 2,431 102,431 5,000 4,000 5,000 15,000 - - - 133,862 - 1,528 1,528 135,390 2,600 (2,600) - 81,945 16,620 98,565 - - 1,942 970 2,593 24,980 3,247 - 33,732 |
|---|---|---|
This page does not form part of the statutory financial statements
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Tête à Tête Productions Limited
| Detailed Statement of Financial Activities for the Year Ended 30 September 2022 Management Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
2022 £ 229 1,563 141,098 (9,566) |
2021 £ 157 410 |
|---|---|---|
| 132,864 | ||
| 2,526 |
This page does not form part of the statutory financial statements
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