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2020-10-31-accounts

Les Azuriales Opera Trust 1077210

Trustees report for the year ended 31 October 2020

Reference and Administration details

Trustees

Sarah Holford – Chair Fiona Brannon George Gluck Mark Holford Thomas Holford Katharine Price Richard Salter

Bankers

Messrs Coutts and Co

440 Strand London WC2 0QR

Independent Examiner:

Mr S C Davies Dyke Ruscoe & Hayes Ltd 110 Corve Street Ludlow SY8 1DJ

Trust Registration Number:

1077210

1. Structure Governance and Management

Les Azuriales Opera Trust was formed in May 1997. It is an unincorporated charity and is constituted by a Trust Deed. The day-to-day business is conducted by Sarah and Mark Holford in consultation, as necessary, with the other Trustees.

The appointment of the Charity Trustees is governed by the Trust Deed. There should be at least three trustees. Charity Trustees are elected upon recommendation of the Board and it is the Board’s aim to ensure there is a mix of skills appropriate for the effective operation of the Trust.

2. Objectives and Activities

3. Main achievements and Review of Activities

In view of the extraordinary nature of this year and in particular its devasting effects on the performing arts

a. Activities Planned

The first had to be postponed because of lockdown and the other two because of the quarantine introduced by the British government on returnees from France. Every effort was made to preserve expenses incurred (travel etc) for future.

b. Alternative Activities supported

During the lockdown and beyond we supported a number of initiatives that showed creativity

g

This has since been recognised by his being awarded a place at the National Opera Studio (supported by all UK’s major opera houses).

In response to the sudden and complete collapse of all planned opera work Les Azuriales set up a Hardship Fund for our alumni that was boosted by Mark Holford’s sponsored Bike Ride and which raised £7,536 (excluding Gift Aid of £1,382). This was used to help cover immediate urgencies such as rent and other regular expenses by way of:

ii) Supporting Voices of South Africa on-line Singing Competition run by alumnus Njabulo Madlala by giving a small prize and providing technical IT and other assistance - £1,018.

iii) Opera in Lockdown - a specially commissioned piece by Richard Barnard featuring Elizabeth Karani and Thomas Atkins - £650.

We also gave practical advice and found non-monetary solutions. We were gratified by the reaction of many of our alumni who told us that just knowing that someone was looking out for them made a huge difference.

At the end of this accounting year, we had spent £9,375 on hardship payments.

d. Normal ongoing support

4. Meetings

5.1. Income received

In the year ending October 2020, the Trust received funds of £29,872 made up as follows:

5.2. Activities

6. Other sources of income: Sponsorship and tickets

In addition to the individual donations made to the Trust, Les Azuriales Opera made £1,325 from ticket sales for the London Concert on 16[th] April 2019, which was postponed due to Covid and remained, in the festival account

7. Financial review and Reserves Policy

The accounts cover all the activities of the Trust during the year. A profit of £9,629 was made this year which added to the sum of £5,449 brought forward from last year left the Trust with a balance of £15,078 cash funds to carry forward. To the extent that certain donations are given for a specific activity, we have ensured that these are used for that activity. The loan outstanding from Mark Holford of £3,000 could not be repaid this year and has therefore to be carried over to next year. The Trust must continue to keep its outgoings to a minimum though there should be enough after a further round of fundraising to continue to support Les Azuriales Opera’s planned activities in 2021.

8. Public Benefit

The Charity’s trustees acknowledge the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s published general and relevant sub-sector guidance on public benefit. They have referred to the Guidance when reviewing the Trust’s aims and strategy and in planning its future activities. The review of activities referred to above highlights the achievements made in the year. The Trust’s links with the community have continued to be developed throughout the year. Through activities and events held throughout the year, the Trust’s donations have provided support, education and training for young performers. It has also facilitated and improved accessibility to the events. The Trust continues to promote awareness and availability of assistance across the broadest possible range of social groups. Through its events it gives the public an understanding of the processes involved in educating singers in their technique and in the creation of opera, thereby encouraging the wider appreciation and attendance of opera.

Les Azuriales Opera Trust Les Azuriales Opera Trust Les Azuriales Opera Trust 1077210 1077210 CC16a
For the period
from
01-Nov-19 To 31-Oct-20
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
400
400
Restricted
funds
to the nearest £
16,963
7,536
2,873
2,500
-
-
-
-
-
-
29,872
-
-
-
29,872
365
5,606
-
3,295
-
500
980
87
35
9,375
-
-
-
-
20,243
-
-
-
20,243
9,629
-
5,049
14,678
Endowment
funds
to the nearest £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Total funds
to the nearest £
16,963
7,536
2,873
2,500
-
-
-
-
-
-
29,872
-
-
-
29,872
365
5,606
-
3,295
-
500
980
87
35
9,375
-
-
-
-
20,243
-
-
-
20,243

9,629
Last year
to the nearest £
Donations - 48,802
Donations - HardshipFund - -
Tax refunds - 7,999
HardshipFund repayments - -
Other income(tickets) - 400
- -
- -
- -
- -
- -
Sub total(Gross income for
AR)
- 57,201
A2 Asset and investment sales,
(see table).
-
- -
Sub total - -
Total receipts
A3 Payments
57,201
Insurance - 1,197
Awards,bursaries and sponsorship - 1,364
Payment to Villa Ephrussi - 8,907
Transfer to Festival account - 10,500
Transfer to Association account - 10,000
Fee for music director and coaching - 17,006
Accountancy - 1,120
Bank charges - 170
Dataprotection - 35
HardshipFund - -
Prize money - 9,895
Sundryexpenses - 2,952
Loan repayment - 1,000
- -
**Sub total ** - 64,146
A4 Asset and investment
purchases, (see table)
-
-
**Sub total ** - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
64,146
- 9,629
9,629
- 6,945
- -
-

-
400 5,049
5,449
12,394
400 14,678 15,078 5,449

CCXX R1 accounts (SS)

25/08/2021

1

Section B Statement of assets and liabilities at the end of the period

Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets
Signature
Owed to Mark Holford
Accountancy - 2020
Details
Details
Opera Trust current account
Details
Details
Total cash funds
(agree balances with receipts and payments
account(s))
Details
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
400
14,678
-
-
-
-
400
14,678
OK
OK
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
-
-
-
-
-
-
-
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
Fund to which
asset belongs
Cost (optional)
-
-
-
-
-
-
-
-
-
Fund to which
liability relates
Amount due
(optional)
Unrestricted
3,000
Restricted
1,000
-
-
-
Print Name
Sarah Holford
Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
-
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
Date of
approval
Sarah Holford

CCXX R2 accounts (SS)

25/08/2021

2

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Les Azurial8s Opera Trust On accounts for the year ended 31 October 2020 Charlty no (if any) 1077210 Set out on pages 1and2 I report lo the trustees on my examination of the accounls of the above charity ("the Trust") for the year ended 31 October 2019. Responsibllities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (Yh8 Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examinalion. I have followed the applicable Directions given by the Charity Commission under section 145{5){bl of the Act. I have completed my examination. l confirm that no material matters have come lo my attention in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were nol kept in accordance with section 130 of the Acl or Ihe accounts do not acGord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connaction with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: 26 Ru9 Name.. Stuart Carl Davies Relevant professional qualificationls) or body (if any): FCCA Address: Dyke Ruscoe & Hayes Ltd 110 Corve Street. Ludlow, Shropshire SY81DJ IER October 2018