Company registration number.. 04251953 Charity regi5tiation number." 1099644 Splitmoon Theatre Company IA company limited bv Euaranteel Annual Report and Financial Statements for the Yea¥ Ended 31 ju 2024 f ield Sulliv3n Limited 9 Harè & Billet Road Blackheath SE3 ORB
Splitmoon Theatre Company Contents Reference and Administratwe Details TrL45tee5' Report 2to4 Independent Examiner'5 Report 5t06 Statement of Financial Activities Balance Sheet Note5 to the Ftnancial Statements 9t014
Splitmoon Theatre Company Reference and Administrative Details Trustees Samantha Adams John Mackinnon Nichtsla5 Mercer Bernadette O'Brian Secre¢arv Carollne Staunton Charity Registration Number 1099644 Company Reglstration Number 1251953 Reglgtered Offi 95 Lyrtdhurst Way Londo SE15 4PT Independent Examiner Field SullNan limited 9 HarÈ & 8iliei Road Blackheath SE3 ORB Page I
Splitmoon Theatre Company Trustees. Report The trustees (who are a150 the chèfitable companrf5 director51 present their report and the unaudited ccounts for the year ended 31 July 2024. Govèrnant¢, structure and management Splitmoon Theatre Is a charitable cornpally limrted by guarantee, tnts)rporated on 13 2001, gotrÈrned by its Mernorandurn and Articles of Associatiotb and Tegistered as a tharity on 25 5eptetnber 2003. The trusteesldirertors of the company who served during the year are listed on page l. None of them received any rernuneration or expenses. The Board of Trustees delegates day-to4ay maagement of the affairs of the charity to Caroline Staunton, the producerlBÈnÈral manager. and to Peter 5turm. the artistic dirertQT. The company is a member of the IndepÈndent Theatre Council. Objectives and policy of the charity The purpose. stated aims. and principal activttie5 01 Splitmoon Theatie Company are to prornotÈ. maintain, improvÈ and advance education for the benefit of the publlc. particularty dramatic education, and to encourage and toster public interest in the arts. Including the arts of drama. dance, rnusic. singin& literature and painting. We believe that we nave complied with our to have oue regard to the ihaiity Comrni5510n's Bu1(ian on public benefit when Exercising any powers or duties to whith the guidance is relevanl. The company does thSs by developing and performing new drama of bokl imaginative v¢sion. with a c05mopolitan dimension and an emphasis on non-naturalism, brin8ing together creative tèams from diverse backgwounds and involving where possible live music and dance. Splitmoon Theatre does not have any polr(ical or religbous affiliations, we work wr(h artists from all five continents on a wide range of topics in a spirit of international collaboration and exchange in London. Our name Splitmoon is taken from a pre-lslarnic poem by Imru Al-Qays for its beauty and syrnbolism. Our performancÈs are frequently described a$'exrienceS'. Report on activltles for the year ended 31 Juty 2024 The company was delighted to present our world premiere of DESERT POET an original dram3 combining ancient and modern Arab poetry, performed lor a week from the end of November to beginning of DÈcernber 2023. Thi5 wa5 the culrnination of Splitmoon's work ovef several years. inspired by the tradition of ancient Arab poetry festivals and the lifÈ of pre-lslamic poet Imrth Al-Qay5, the m05t important poet in the Arab world who remains virtually unknown in the West. DESERT POET explored in dramatit form themes of today Such as exile and uprootedness. It featured a new translation of Imtu Al-Qays' master poem by our art15tic director Peter Sturtn (who is Arab literatel this w35 performed in Arabic and EnglE5h by Iraqi theatre and filrn actre55 Hadeel Kamil. The play also featured verses by contemporary Iraqi wet Adnan Al-sayegh translated by Jenny Lewis. In the run up to the production WÈ hekl a Poetry Competition, and the winnir¥g entry was to be incorporated and perforrned by one of our actressÈs_ Over40 entries in English and Arabic were received the jury consisted of Hadeel Kamil. Adnan Al-sayegh and Peter Sturm. The COckpt near Edgware Road was a perfect home for DESERT POET. a dwerse area In London with 3 large Arab speaking cornmunity. We had a rnixed audience including numerous Iraqis and the Iraqi Atnba55ador attended. As 2023 markÈd the 20th anniversary of the allied Invasion of Iraq it wa5 an excellent opportunity to highlight thÈ cultural heritage of the country. The production was unexpÈrtedly Set against the backdrop of the devastating events In Israel and Palestine which o¢rurred 3 week5 before the start of rehÈÈrsals. This wa5 delicate 51tuation which we had to navigate with great caution. TheTe was substantial intÈre5t in the procluction in Ine Middle Easi but aue 10 the political nature of the rnaterial and the complexity of taking the production out of the cou7try the tompany was reluclant to wTrsider a tour. Pa8È 2
Splitmoon Theatre Company Trustees, Report The prluctIon offered employment for over 15 creatlves. actors and production personnel. We were delighted to h3ve Nicolai Hart-Hansen do the design for us for the third time a spec1al mention Eoes a150 to actor Ali Zayn who joined us from our Èarlief workshop in 2019. Additionally, 3 trailers were Shot and the final performance filmed for our archive. We were suco5sfv1 in our Arts Council appltcation for Lottery Funding but eventtsally missed out on funding from other trusts. Thanks to AdDan and Majida Al-Sayegh'5 translation of the play we can rlow envisagÈ a bi-lingual publication of DESERT POET. "l experienced it with great pleosure. especiolly the beautiful possoge5 filled with poetry und childhotsd memories. It5 wonderfull Filled with rnuny voices. chorortets, humuns ond onimtF15. ML7ny of the possoges were in fott remlniscent of F(Tiry Toles ond sono5 in 5hakespeore'5 pl¢Jys. A5 for the dreum itself, it reminded rne of KeutS'5 poern yhe Foll of Hyperiop. which gove the pl(Fy vitt¥lity t7nd effectjVEne55-. (Abdulkaern Kasid, Iroqi poetj ~1 hod the rn05t wonderful time woyking on this ernotwe. imagtnotive ond thought-pn>voking piece of theatre ond the compony were excepttonol. I thonk Adnun. Peter und everyone involved creutivelylor this remtsrkuble piece ollive theotre, cndfvrhoving the insight vision to get it on.-ICast tnembèrl. In Syring 2024 we totsk. -odple o. ti aiibili g iOuiSÈi LO develop Oui Poiliies. WitFi tile help Oi our trii5teEs, thÈ¥ have now been updated to the newest Standards. On another fronl preparations had ali@ady begun before and after DESERT POET for a take on the poetry of Ilia5s3 Papadaki-sequin who passed away five yÈars ago. Our artistic dirÈttor was approached by her husbaftd in 2022 and given the ri8hts to tTanslate and adapt the material for the stage. We are pleased to $3Y It has been a hugely rewarding year for Splitmoon Theatre and everyone involved. Risk management The trustees have a55essed any risk5 to the company and iontinue to take the necessary precaut105 to safeguard aeainst potential risks. Resefves policy The trustees recognisÈ the need. wherever possible. to maintain an appropriate level of reserves to meet any unforeseen e¥penditUTe wh*ch may occur. Small company provlsions This report has been prepared in acco[dan with the special provisions for small companie5 under Part 15 of the CoMpanS Act 2006. Trustees and ¢)fficers The trustees and office¥s serving durine the year and since the year end were as follow5.. Tru5tee5'. Safflantha Adams John Mackinnon Nicholas Mercer Beinadette O'Brian Secretary.. Caroline Staunton Page 3
Splitmoon Theatre Company Trustees. Report Statemert of tfUStees' responsibslities The trustee5 Iwho are also the directors of SplitmooTh Theatre Company foT the purposes of company lawl are responsible for preparing the tru5tees' report and the financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Prèrticel, Including FRS 102"The Financial Reporti Standard applicab in the UK and Republic of Ireland" Cowpany law requires the trustees to prepa financial statements for Èath financial year. Under company law the trustees must not approve the financial statements unle55 they are satisfied that they give a true and falr ew of the State of affairs of the chaiitable cornpany and of the incorning resourc@s and applitation of rpEources. it)cludinE Its itFCOTDe. and exppTrditUTe. of the chaTitable company for that period. In preparing thes financial 5taternent5. the trustees are required to-. 5elett suitsble accountin8 policies and apply them consistently.. observe the Methods and princip]es in the Charities SORP.. make judgements and estimatÈs that are reasonable and prudent.. state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material d&parturÈs disclosed and explained in the financial 5tatements.' arsd preparÈ the financial statements on the going contern basis nsS it is inappropriate to presume thal the charitable company will continue in business. The trustees are Fe5ponsible for keeping proppr accovnting records that can disclose with reasonable accuracv at any tirn@ the financial p05rtn ol tne cnaTitable cornpany and enaDie them io ensure tnat the Tinancial statements comply with the Companie5 Art 26. They are also responsible for safèguarding thÈ 355ets of the charitable company and hence for taking reasonable stèps fof the prevention and detection of fraud and other The trustees are responsible for the Maintenance and integrity of the corporate and financial information included on thÈ charitable company's website. LÈBislation governing the preparation and dissemination of financial staternents may differ fiom gISlatIon in other jurisdiction5. The annual report was approved e trustees of the charity on 3 April 2025 and signed oft its behalf by.. Nicholas Mercer Trustee PaEÈ 4
Splitmoon Theatre Company Independent Examiner's Report to the trustees of Splitmoon Theatre Company {'the Company.) I report to the charity trustses (who are a150 Directors for the purw5e of company lawl on tny examination of the accounts ol the Splitmoon Theatre Company I'the chafitable company'l lor the year ended 31 July 2024 whith COFnpfi5e the Statement of Finaacial Artivilies. Ihe Balance Sheet and related nOie5 7 to 14. This report is madÈ solely to the charlS trustees. as a body. in accordance wsth section 145 of the CharTties Act 2011. My work has bÈÈn undertaken so that I might stste to the charttV'5 trustee5 those rnatte15 1 am required to 51ate to thern in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the chariws trustees as a body, for my work, for this report. or for the opinions I have forrned. Responsibilities and ba$ of report As the ch3riWs trustees ol Splitrnoon Theatre Cornpany yov are responsible for the preparation of the ccoun15 in accordance with the requirements of the Cofflpanies Act 21X)61'the 2006 ACYI. Hbving satisfied rny5elf thal the accounts of SplitmoDn TheatTe Cornp3ny are not qUIred to be aijditpd under Part 16 of the 2006 Act and are eligible for independent exarnination. I report in respect of my examination of YOUF charity's accounts as carried out under section 145 of the Charities Att 20111.the 2011 ACVI. In carrying out my examination I have followed the Directions gwen by the ChaTrty Commission under section 14515llbl of the 2011 Act. An independent examinètion does not invOe gathÈrin8 all the evidence that would be requirèd in an audit nd consequently doe5 not cover all the matters that an auditor considers tn giving their opinion on the financial statemÈtFt5. The plaaning and cond*Jct of an audit Zoes beyond the limited assurance that an independent examination can provide. Consequently l express no opinion a5 to whether the financial statÈments present a 'true and fairf view and my report is limited to those 5C1fiC matters set out in the independent examinerf5 Statement. Independent examinerfs statement I have completed my examination. I confirm that fto mattèrs have rorne to my attention in connÈction with the examination giving me cause to believe". l. accounting records were not kept in respect of Splitmoon Theatre Cornpany as required by settion 386 of the 2006 Act." or 2. the accounis do not accord with those records," or 3. the accounts do not cornply wilh the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts givÈ a 'true and fair view. which is not a matter considered as part of an indÈpÈndent examination.. or 4. the accounts have not been prepared in accordance with the method5 and principles of the Statement of Recomrnended Pra-tice fot accounting and reportsng by chariLiÈS appliiable to charities preparing their accounts in accordance with the Financial ReportinE Standard applicable in the UK and Republic of l¥eland IFRS 1021. I have no concerns and h3vÈ come across no other matters in tonnedion with the examinatlon to which attention Should be drawn in this report in order tt) enable a proper understandiag of the accounts to be reached. Page S
Splitmoon Theatre Company Independent Examiner's Report to the trustees of Spiitmoon Theatre Company ('the Company'l Tim Sullivan FCA ICAEW 9 Hare & Billet Road Blackheath SE3 ORB 3 April 2025 Paee 6
Splitmoon Theatre Company (Registration number: 04251953) Balance Sheet as at 31 July 2024 2024 2023 Note Flxed assets Tangible assets Current a$5ets Cash at bank and in hand io 3.567 3,338 Credltors.. Amounts falling due within one year li 11,4401 14831 Net current a55ets 2,127 2,855 Net assets 2,129 2,858 Funds of the charity: Unrestricted income funds Unrostri¢red funds 2,129 2,858 Total funds 12 2,129 2,858 For the financial year ending 31 2024 the charity was entitled to exemptitin from audlt under section 477 of the Companie5 Art 2006 relating to small rornpanies. Directors, respon5ibilities'. The rnernber5 have not required the charity to obtain an audit of its ac£ounts for the year in question in accordance with section 476. and The directors atknowledge their responsibilities fof Complying with the requirements of the Act with Te5pect to accounting records and the preparation of accounts. The h"nancial staternents on pages 7 to 14 were approved by the trustees, and authorised for issue on 3 April 2025 and signed on their behalf by= Nicholas Mercer Trustee The notes on pages 9 to 14 form èn integral part of these financial statements. Page 8
Splitmoon Theatre Company Notes to the Financial Statements for the Year Ended 31 July 2024 I Charity status The charity is li[nted by guarantee. Incorporated in, and consÈquentfy does not have share capital. Each of the trustees 15 liable to contribute an amount not excÈedirtE £NIl towards the assets of the charity the event of The addres5 of its reBlStered office is= 95 Lyndhurst Way London SE15 4PT These financial statements were authori5ed for tssue by the trustees on 3 April 2025. 2 Accounting polides Surnrnzry of SiKnrftcant accountÉng policies and key 8ttountinK estimates The principal accounting policie5 applied In the preparation of these financial 5tatement5 are set out below. These policies have been conssstently applied to all the years preser*ted. unless otherwise stated. Statement of compliance The financial statetnen15 have been prepared in accordance with Accounting and Reporting by Charities.. Statement cf Recommended Practice applscable to cb.2ri..'es prÈparinR their accour.ts in accordante witF. the Financial Reporting Standard appl¢cable in the UK and RepublK of Ireland IFRS 1021 (effective l January 20191 Icharities SORP IfRS Ig21- Second editson October 20191 the Financial RÈpoTtin8 5tand3rd applicable in the UK and Republic of Ireland IFRS 1021. They also comply with the Companies Act 2006 and Charitie5 Act 2011. Basis of preparatlon Splitmoon Theatre Company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are ir,-'tiallrf i ecognised at histGrical ¥GS: ?iisaction value unless ¢t..E..se S4ated in tPe rele¥ant acccunting policy notÈs. G04ng concern The trustees consider that there are no material ur¢certainties about the charity's ability to continuÈ a5 a going concern nor any SIEnrficant areas of uncertainty that affert the cafrying value of assets held by the charity. Jud8ements and kry sourtes of estimation uncertainty In the application of the chariWs accounting policies, the dsrect05 are required to make judgemÈnt5, estimates and assumptions about the carrying arnount of assets and liabilities that are not readily apparent from other source5. The estimates and associated assumptions are based on historical experience and other factor5 that are considered to be relevant. Actual results rnay differ from these Èstimates. The estimates and underlying a55YrnPtions are reviewed on an ongoing basis. RÈvi5iOnS to a¢countin8 e5tirnate5 are recognised in the periods in which thè Èstimate i5 revised where revisions affects only that period, or in the period of the rÈvtsioTh and future periods where the revisions affects both CLsrrent and future persods. Page 9
Splitmoon Theatre Company Notes to the Financial Statements for the Year Ended 31 July 2024 Income and endowments All income is recognised once the charity has entitlement to the income. it is probable that the income will bÈ received and the amount of the income receivable can be measured reltably. Donotions ond le9ocies Donations are recognised when the charity has been notified in writing of Èx)th the amount and settlement date. In the event that a donation is subject to conditions that 1È4uire a level of performance by the charity before the charity is Èntitled to the funds, the income is def@r¥èd and not reco8nised until either those condFtIOn5 3re fully met. or the fulfilment of those ropditlOWl$ 15 wholly within the control of the charity and it Is probable that these condition5 will be fulilled IF the reporting period. Gronts receivoblt Grants are recognised when the charity has an entitlement to the fund5 and any conditions linked to the erant5 have been met. Where performance conditions are atlached to the grant and afe yet to be met. the income is recogTrised as a liability and included on the balance sheet as deferred incorne to be Yèlea5ed. Expenditure All expeTrditure is recognised once there is a legal or constructive obligation to that expenditure. it is probable settlement 15 required and the amount can bè mehsured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs tannot bÈ directly attributed to particular headings they have beèn èllotated on a basis conslstent with the USÈ of resources. with central staff costs allocated on the basis of time spent. and depreciation charges allocated on the portion of the asset's Use. Other 5UPPOrt costs are allocaled based on thÈ sprÈad of stsff c05t5. Charitoble ortivities Charitable expenditure comprises those costs inctsrred by the charity in the dÈlivery of its artivities and seICe5 for its beneliciaries. It inCldeS both cost5 that can be allocated directly to such attwities and those costs ol an indirect natuie necessary lo support them. Support cost5 Support costs include centsal functKbn5 and have been allocated to activity cost categories Dn a basis ¢onsistep.t with the Use of resources, for exa.ple. 211o¢ating propertv W5ts by floor are25. or per capita, staff costs by the time spent and other costs by their usage. Taxation The charity 15 considered to pass the tests Set out Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definttion of a chaT¢table company for UK corporation tax purposes. According, the charity 15 Potentially exempt from taxation in respect of income or tapital gains received within categories ¢ovÈred by Chapter 3 Part 11 of the Corporation Tax Act 2010 01 Section 256 of the Taxation of Chargeable Gan5 Act 1992, to the extent that such incotne 01 gains are applied exclusive to charitabl@ purposes. Tanglble fixed assets Individual fixed a55ets costing £5(K) or MOTÈ are initially recorded at cost. less any 5ub5equent accumulated depreciat:'on aiid subsequènt accumu13ted trirfairne-..t losses. Page 10
5plitmoon Theatre Company Notes to the Financial Statements for the Year Ended 31 July 2024 Depreciation and amortisatlon Depreciation is provided on tangible fixed assets so as to wrile off the cost or valuation. less any estimated residual walue, over their expected usefvl economic life as follows.. Asset class DepreciatTroTr method and rate 25% reducng balance Equipment Cash and cash equivalents Cash and cash equNalents compr¢se cash on hand and call deposits. and other short-term highly liquid investments 4at are readi cnpYr.1l: t? kp.ou'4 amOL'nt of £3sh ?r.d 2re subje-t t- 2.ry in5ig-. risk of change in value. Fund structure Unrestricted incorne funds are general funds that are available for use at the trustee5 discretion in furtherance of the objectives of the charity. 3 Income from donat50ns and legacies Unrestrirted funds Gener31 Restritted fvnds Total 2024 Total Z023 Donations and legacies.. Donations from indNidtsals 36.000 36.0 4,300 Grènts, Includillg capital grants.. Grant5 from other charities 20.000 20.000 36.000 20,000 56,000 4,300 4 Income from charitablè attivtties UnrestricteLI funds General Total 2024 Net box office return5 4,753 4.753 Page 11
Splitmoon Theatre Companv Notes to the Financial Statements for the Year Ended 31 July 2024 5 Expendsture on charitable attivittes Total 2024 Totèl 2023 Actor5, 5ta8e management and creatives Telephone and fax Printing, postage and stationery Trade Subscript5 Other production costs Marketing Accountancy Legal and profp55ional Bank Charges Depreciation of Offi equipment 45,123 172 28 216 205 10.516 3.859 1.440 267 1.762 464 13 61,482 2,705 6 Trustees remuneration and expense5 No trustees. nor any persons connÈtted with them. have receNed any remuneratton from the charity during the ¥ear. 7 Related party transartions There were no related party transactions in the year_ 8 Taxation The charity is a reKistered charity and 15 Iherefore exempt from taxatH)n. Page 12
Splitmoon Theatre Company Nozes to the Financial Statements for the Year Ended 31 July 2024 9 Tanglble fixed assets Furnlture and equipment Total Cost At l August 2023 750 750 At 31 July 2024 750 750 Depreciation At l August 2023 CharBe lor the year 747 747 At 31 July 2024 748 748 Net book value At 31 July 2024 At 31 July 2023 10 Cash and cash equivalents 2024 2023 Cash at bank 3.567 3,338 11 Creditors: amounts tslling due within one year 2024 2023 Accruals 1,440 483 Page 13
Splitmoon Theat Cornpany Notes to the Financial Statements for the Year Ended 31 July 2024 12 Fund5 8alano at I August 2023 In¢offlin resources Resour¢e5 expended Balance at 31 July 2024 Unrestrlcted funds 2.858 40,753 141,4821 2,129 Restricted funds Art Cour*cil 20.Th)0 120.0001 Total funds 2,858 60.753 161,4821 2,129 Balance at i August 2022 Incomlng resource5 ReSOilfces expended Balante at 31 july 2023 Unrestricted funds 1.263 4.300 12,7051 2,858 The specific purposes for which the funds are to be aPpld are as follows.. The Arts Council Rrant Was 501ely for the producttron of Oesert Poet. 13 Analysis of net assets between funds Unrestrirted funds General Total funds at 31 July 2024 Tangible fixed assets Current a55ets 3,567 11,4401 3,567 11,4401 Total net a55ets 2,129 Unrestrltted funds General Total funds at 31July 2023 Tangible fjy.ed assets Current assets 3,338 14831 3,338 14831 CurrEnt liabilities Total net aksets 2,858 2,858 Page 14