**Company number 02106669 Charity number 1101699**
## **Station House Opera**
**(Limited by Guarantee)**
**Report and Financial Statements**
**for the year ended 31 March 2021**
**Breckman & Company Ltd Chartered Certified Accountants 49 South Molton Street London W1K 5LH**
## **Station House Opera**
## **(Limited by Guarantee)**
## **Contents**
||**Page**|
|---|---|
|Reference and Administrative Information|1|
|Trustees' Report|2 - 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities (including Income and Expenditure Account)|5 - 8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 - 15|
## **Station House Opera**
## **(Limited by Guarantee)**
## **Reference and Administrative Information**
## **Constitution**
The charitable company is a private company limited by guarantee registered in EW - England and Wales, company number 02106669, incorporated under the Companies Act, and its governing document is its Memorandum and Articles of Association. The company is a registered charity, number 1101699.
## **Directors and trustees**
The directors of the charitable company ("the charity") are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees.
As set out in the Articles of Association one third of the trustees shall retire from office at the Annual General Meeting. The trustees to retire in every year shall be those who have been longest in office. Retiring trustees may offer themselves for immediate re-election. The trustees shall from time to time elect a chairman of the trustees.
Policies and procedures adopted for the induction and training of trustees are ongoing and incorporated indirectly into the regular trustees meetings.
The trustees during the year and since the year end, were :
Jeremy Peyton-Jones resigned 22 July 2021 Maria Ribot Gary Stevens - Chair Abigail Conway Robin Deacon
## **Secretary**
Judith Knight
## **Chief executive/day to day management**
Artsadmin
## **Independent Examiners**
Breckman & Company Ltd, Chartered Certified Accountants, 49 South Molton Street, London W1K 5LH.
## **Bankers**
Lloyds Bank plc, 25 Gresham Street, London EC2V 7HN.
## **Solicitors**
Harbottle & Lewis, 7 Savoy Court, London WC2R 0EX.
## **Registered office and operation address**
Toynbee Studios, 28 Commercial Street, London E1 6AB.
1
## **Station House Opera**
## **(Limited by Guarantee)**
## **Trustees' Report**
The trustees present their annual report together with the financial statements of the charity for the year ended 31 March 2021 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.
The reference and administrative details set out on page 1 forms part of this report. The financial statements comply with Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and 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).
## **Principal Activity**
The principal activity of the company during the year continued to be the research, development and presentation of theatrical productions.
## **Objectives and Activities**
The objectives of the organisation are to promote, maintain, improve and advance education particularly by the encouragement of the Arts.
The aims of the organisation are to present and promote artistic productions that will tour and hold arts workshops with educational organisations and groups.
The main objectives for the organisation for the year were to develop new works and new opportunities for forthcoming years while touring existing projects.
In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
## **Achievements and Performance**
In 2020/21, the production of the Happy Days, a film project made by Julian and Ankie Krijbolder, developed and made during the COVID-19 lockdown in spring 2020 and about lockdown exploring themes of isolation and loneliness, was supported by ACE Emergency Relief Fund. The new work was presented by Artsadmin on the website from 19 October - 2 November 2020.
Due to COVID-19 lockdown and restrictions, presentations of Dominoes in both Newbury and Norwich, including site visits, and development of the Nowhere project were postponed.
## **Financial Review**
The financial reports continue to show the company working on a project by project basis.
The success of Dominoes has created a healthier balance for the company. Each version of the project contributes to overall financial situation of the company and helps outsourcing more production work to develop the new projects.
2020/21 was a year focused mainly on R & D for the Nowhere project, and delivered one work, Happy Days. The result for the year was net loss of £4,354 with total unrestricted funds carried forward of £25,874.
2
## **Station House Opera**
## **(Limited by Guarantee)**
## **Trustees' Report**
## **Future Plans and Activities**
Dominoes Newbury and Dominoes Norwich presentations are confirmed for 2022. Possible presentations in Modena in 2022 and as part of Leeds 2023 Year of Culture are in discussion.
Artsadmin invited Julian to complete a two-week residency as part of Artsadmin LAB, where invited artists are offered free studio space to create work and develop ideas. Julian used the two-week residency to develop the artistic and technological aspects of the Nowhere project along with collaborators Yoko Ishiguro and Ed Saunders. This ended with a sharing attended by members of the Artsadmin team.
As a result of the Artsadmin LAB, Station House Opera plan to submit an Arts Council application for funding to support the R of the Nowhere Project in 2022.
Station House Opera plan to update the current website which will be an important resource for future presentations of projects..
## **Small Company Exemptions**
The report is prepared in accordance with the provisions of the Companies Act 2006 relating to small companies.
This report was approved by the Board of Trustees on 16 December 2021 and signed on its behalf by
## **Gary Stevens - Chair Trustee**
3
## **Independent Examiner's Report to the Trustees of Station House Opera**
I report on the accounts of the company for the year ended 31 March 2021, which are set out on pages 5 to 15.
## **Respective responsibilities of trustees and examiner**
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
ꞏ examine the accounts under section 145 of the 2011 Act;
ꞏ follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and
ꞏ state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in, any material respect, the requirements: ꞏ to keep accounting records in accordance with section 386 of the Companies Act 2006; and
ꞏ to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Richard Nelson FCCA Breckman & Company Ltd Chartered Certified Accountants**
49 South Molton Street London W1K 5LH
16 December 2021
4
## **Station House Opera**
## **(Limited by Guarantee)**
**Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 March 2021**
|**Unrestricted**
**funds**
**Notes**
**£**
**Income and endowments from:**
**2**
Charitable activities
Theatre - page 6
10,441
**Total**
10,441
**Expenditure on:**
Charitable activities:
Theatre - page 7
14,795
**Total**
14,795
**Net income/(expenditure)**
**3**
)
(4,354
**Reconciliation of funds:**
**Total funds brought forward**
30,228
**Total funds carried forward**
**11**
25,874|**2021**
**Unrestricted**
**Total**
**funds**
**£**
**£**
10,441
34,996
10,441
34,996
14,795
31,147
14,795
31,147
)
(4,354
3,849
30,228
26,379
25,874
30,228|**2020**
**Total**
**£**
34,996|
|---|---|---|
|||34,996|
|||31,147|
|||31,147|
|||3,849
26,379|
|||30,228|
The notes on pages 10 to 15 form an integral part of these financial statements.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
5
## **Station House Opera**
|**(Limited by Guarantee)**
**Year ended 31 March 2021**
**2021**
**£**
**£**
**Income from charitable activities**
**Theatre income**
Fees
10,091
Reimbursed expenses and other income
-
10,091
**Project specific funding**
Arts Council England
350
350
10,441|**2020**
**£**
32,000
2,996
-|**£**
34,996
-|
|---|---|---|
|||34,996|
6
## **Station House Opera**
## **(Limited by Guarantee)**
## **Year ended 31 March 2021**
|**Expenditure on charitable activities**
**Theatre**
**Production/project costs**
Materials
Fees/technical services
Digital/other equipment
Travel/transport/accommodation
Rehearsal rooms/venue hire/storage
Support costs - page 8
Governance costs - page 8|**2021**
**£**
-
6,084
1,081
552
1,162
8,879
4,416
1,500
14,795|**2020**
**£**
813
11,913
1,159
729
1,075|
|---|---|---|
|||15,689
13,945
1,513|
|||31,147|
7
## **Station House Opera**
## **(Limited by Guarantee)**
## **Year ended 31 March 2021**
|**Support and governance costs**
**Support costs**
**Office overheads**
Telephone/fax/internet
Insurance
Research/development
Depreciation of fixures/fittings/equipment
**Administration costs**
Fees
Advertising/website
**Professional/financial**
Bank charges
Deficit on foreign exchange
**Governance costs**
Legal/professional
Accountancy|**2021**
**£**
-
638
-
2,052
1,575
-
151
-|**£**
2,690
1,575
151
4,416
-
1,500
1,500|**2020**
**£**
120
2,125
132
2,051
8,858
116
256
287|**£**
4,428
8,974
543|
|---|---|---|---|---|
|||||13,945|
|||||13
1,500|
|||||1,513|
8
## **Station House Opera**
## **(Limited by Guarantee)**
## **Balance Sheet 31 March 2021**
|**Notes**
**Fixed assets**
Tangible assets
**7**
**Current assets**
Debtors
**8**
Cash at bank and in hand
**Liabilities**
Creditors: amounts falling
due within one year
**9**
**Net current assets**
**Total assets less current**
**liabilities**
**The funds of the charity**
Unrestricted funds
**11**|**2021**
**£**
2,617
26,458
29,075
)
(4,472|**£**
1,271
24,603
25,874
25,874|**2020**
**£**
12,203
18,680
30,883
)
(3,978|**£**
3,323
26,905|
|---|---|---|---|---|
|||||30,228|
|||||30,228|
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions of the Companies Act 2006 applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees on 16 December 2021 and signed on its behalf by
## **Gary Stevens - Chair Trustee**
The notes on pages 10 to 15 form an integral part of these financial statements.
9
## **Station House Opera**
## **(Limited by Guarantee)**
## **Notes to the Financial Statements for the year ended 31 March 2021**
## **1. Accounting policies**
## **1.1. Basis of preparing the financial statements**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (issued October 2019) 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) - (Charities SORP (FRS 102)) and the Companies Act 2006.
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **1.2. Incoming resources**
All incoming resources are included in the Statement of Financial Activities when:
- the charity is legally entitled to the funds
- any performance conditions attached to the income have been met or are fully within the control of the charity
- there is sufficient certainty that receipt of the income is considered probable
- the amount can be reliably measured
## **- Donations and legacies**
Grants/donations are recognised in incoming resources in the year in which they are receivable, except as follows:
- when donors specify that grants/donations given to the charity must be used in future accounting periods, the income is deferred until those periods
- when donors impose conditions which have to be fulfilled before the charity becomes entitled to use such income, the income is deferred and not included in incoming resources until the preconditions for use are met.
## **- Charitable activities**
Theatre income - income from box office, performance fees and sundry other theatrical income is included in incoming resources in the period in which the relevant show takes place.
Project specific funding - when donors specify that donations and grants are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income is included in incoming resources of restricted funds when receivable.
10
## **Station House Opera**
## **(Limited by Guarantee)**
## **Notes to the Financial Statements for the year ended 31 March 2021**
## **- Donated services and facilities**
Donated services or facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. On receipt, donated services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.
## **- Investment income**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **1.3. Expenditure**
All expenditure is included on an accruals basis inclusive of any VAT which cannot be recovered and is recognised when:
- there is a legal or constructive obligation to make a payment
- it is probable that settlement will be required
- the amount of the obligation can be measured reliably
## **- Charitable activities**
Theatre production costs - costs incurred in production and running of productions toured in the year.
## **- Support costs**
The administrative and overhead costs associated with running the office from which the company operates as well as governance costs. Support costs are wholly attributable to theatre production costs.
## **- Governance costs**
Costs associated with the constitutional and statutory requirements of the charity.
## **1.4. Fund accounting**
Funds held by the charity are either:
- Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.
- Designated funds - these are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose.
- Restricted funds - these are funds that 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.
11
## **Station House Opera**
## **(Limited by Guarantee)**
## **Notes to the Financial Statements for the year ended 31 March 2021**
## **1.5. Tangible fixed assets and depreciation**
Individual fixed assets costing £2,000 or more are capitalised at cost.
Depreciation is provided at annual rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures/fittings/equipment - 25% on cost
## **1.6. Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.
## **1.7. Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **1.8. Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **1.9. Financial Instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value, and subsequently measured at their settlement value.
## **1.10. Significant Accounting Estimates and Judgements**
In determining the carrying amounts of certain assets and liabilities, the charity makes assumptions of the effects of uncertain future events on those assets and liabilities at the balance sheet date. The charity's estimates and assumptions are based on historical experience and expectation of future events and are reviewed annually.
## **2. Incoming resources**
The total theatrical income for the year has been derived from the principal activity. The proportion of theatrical income derived from outside the UK amounted to 59% (2020 - 29%).
12
## **Station House Opera**
## **(Limited by Guarantee)**
## **Notes to the Financial Statements for the year ended 31 March 2021**
|**3.**|**Net income/(expenditure) for the year is**|**2021**|**2020**|
|---|---|---|---|
||**stated after charging:**|**£**|**£**|
||Depreciation of tangible fixed assets|2,052|2,051|
||Deficit on foreign exchange|-|287|
||Independent examiner's remuneration|||
||- independent examination|1,500|1,500|
## **4. Staff costs and numbers**
During the year the company had no employees.
## **5. Trustees' emoluments and reimbursed expenses**
The trustees were not paid or reimbursed for expenses during the year.
The trustees did not receive any remuneration during the year.
## **6. Corporation taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
13
## **Station House Opera**
## **(Limited by Guarantee)**
## **Notes to the Financial Statements for the year ended 31 March 2021**
|**7.**
**Fixed assets - tangible assets**
**Cost**
1 April 2020 /
31 March 2021
**Depreciation**
1 April 2020
Charge for year
31 March 2021
**Net book values**
31 March 2021
31 March 2020
**8.**
**Debtors**
Trade debtors
Other debtors
**9.**
**Creditors: amounts falling due**
**within one year**
Trade creditors
Other taxation/social security
Other creditors
Accruals|**Fixtures/**
**fittings/**
**equipment**
**£**
25,232
21,909
2,052
23,961
1,271
3,323
**2021**
**2020**
**£**
**£**
482
12,132
2,135
71
2,617
12,203
**2021**
**2020**
**£**
**£**
7
7
-
1,355
767
767
3,698
1,849
4,472
3,978|**Fixtures/**
**fittings/**
**equipment**
**£**
25,232
21,909
2,052
23,961
1,271
3,323
**2021**
**2020**
**£**
**£**
482
12,132
2,135
71
2,617
12,203
**2021**
**2020**
**£**
**£**
7
7
-
1,355
767
767
3,698
1,849
4,472
3,978|
|---|---|---|
|||21,909
2,052|
|||23,961|
|||1,271|
|||3,323|
|||**2020**
**£**
12,132
71|
|||12,203|
|||**2020**
**£**
7
1,355
767
1,849|
|||3,978|
## **10. Limited by guarantee**
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum, not exceeding £1, to the company should it be wound up. At 31 March 2021 there were 5 members.
14
## **Station House Opera**
## **(Limited by Guarantee)**
## **Notes to the Financial Statements for the year ended 31 March 2021**
|**11.**|**Unrestricted funds**|**Brought**|**Incoming**|**Outgoing**|**Carried**|
|---|---|---|---|---|---|
|||**forward**|**resources**|**resources**|**forward**|
|||**£**|**£**|**£**|**£**|
||General fund|30,228|10,441|)
(14,795|25,874|
## **12. Analysis of net assets between funds**
|**General**
**funds**
**£**
Fund balances at 31 March 2021
are represented by:
Tangible fixed assets
1,271
Net current assets
24,603
25,874|**Total**
**£**
1,271
24,603|
|---|---|
||25,874|
## **13. Related party transactions**
During the year the company had no related party transactions that required disclosure.
15