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 Ozero Arts On accounts for the year ended 31 December 2023 Charity no (if any) 1155338 Set out on pages 10 I rewrt to the trustees on my examination of the accounts of the above Gharity I'the Trust") for the year ended Responsibilltles 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 ("the 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 examination. I have followed the applicable Directions given by the Charrty Commission under section 145(5){bl of the AGt. I have completed my examination. I confirm that no material matters have ome to my attenbon (other than that disclosed below ") in connection with the examinalion which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance wilh section 130 of the Act or the accounts do not accord with the accounting records Independent examiner's statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets rfthey do not apply. Signed: Date: 2511012024 Name: David Arch Relevant professional qualification(s) or body (If any): Qualified as an ACA. Formeriy member of ICAEW. Address: 39 Alwyn Avenue, London W4 4PA IER October 2018
Give here brief details of any items that the examiner wishes to disclose. Not applicable. IER October 2018
OZERO ARTS Trustees, Report and Accounts Year ending 31ST December 2023
Ozero Arts For the Year Ended 31 December 2023 Trustees, Report and Accounts Page Trustees, Report Receipts and Payments Account Statement of Assets and Liabilities Note to the Accounts
Ozero Arts For the Year Ended 31 December 2023 Trustees, Report This report has been prepared in accordance with the requirements of the Charities Act 2011. The full name of the charity is Ozero Arts and the registered charity number is 1155338. The principal address of the charity is Ozero Arts. c/0 CMS, 78 Cannon Street, London, EC4N 6AF. The charitys governing document is its Trust Deed which was approved by the original Trustees on 20 March 2012. This document vests the management of Ozero Arts solely in the trustees. The names of the officers of the charity, who are legally responsible for the control and management ofthe charity are as follows,. Edward Smith - Chair Freya Waley Cohen David Zeffman - Secretary/Treasurer Oliver Zeffman- Artistic Director/Conductor (appointed November 2023) The Trustees are elected by the existinggroup of Trustees and are required to have a minimum oftwo meetings a year. Prin The principal objective of the charity is to promote, maintain and advance education in and appreciation of music - and the arts more generally - in all its aspects by the presentation of orchestral concerts and other public musical and performances and artistic projects.- Ozero Arts, primary activity in 2023 was support for Classical Pride- the first Pride concert put on byany major orchestra orconcert hall outside the US. This concertwas undertaken by Ozero Records [of which Oliver Zeffman is a director), with Ozero Arts acting as a fundraising body for the event. Ozero Arts received £53,927 in donations towards Classical Pride of which £52,070 was passed on to Ozero Records to undertake the concert. Classical Pride was deemed to be a major success, with hugely favourable press and reviews and much positive feedback from audience and industry figures. Separately, Ozero Arts provided £1,000 in supportof Spotlight Chamberconcerts sourced from a donation of £1,000.
Ozero Arts For the Year Ended 31 December 2023 During 2023, the trustees also agreed to rename the charity from Melos Sinfonia to Ozero Arts to better reflect the change from a youth orchestra to an organisation that conceives and funds ambitious artistic projects. Off the back ofthe succe55 of the first Classical Pride. Ozero Arts will again be working with Oxero Records to produce a larger scale Classical Pride event in 2024. The Trustees have a duty to identify and review the risks to which the charity Is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. We consider that the systems we h3ve in place to mitigate such risks appear to be adequate in normal circumstances. tement In accordance with the requirements of the Charlties Act 2011 and the associated Charities (Accounts and Reports) Regulations 2008. the Trustees confirni that they have complied with their duties to have due regard to the guidance on public benefjt as published by the Charity Commission, in exercising their powers and duties in the year under review. Signed on behalf of the trustees David Zeffma Ilstr ektsr2024
Ozero Arts For the Year Ended 31 December 2023 Receipts and Poyments Account Notes General Funds Re5tritted Funds Total 12 Months to December 2023 Total 16 Months to December 2022 RECEIPTS Voluntary Receipts 54,927 54,927 50,250 TOTAL RECEIPTS 54,927 54,927 50,250 PAYMENTS Payments for Charitable activities 53,070 53,070 69,948 Support Costs TOTAL PAYMENTS 53,070 53,070 69,948 NET RECEIPTS/IPAYMENTSI 1,857 1,857 119,6981 Bank balances brought forward 19,698 Borrowing repaid BANK BALANCES CARRIED FORWARD 1,857 1,857
Ozero Arts For the Year Ended 31 December 2023
Ozero Arts For the Year Ended 31 December 2023 Statement ofAssets and Liabilities At 31st Decernber 2023 At31st December 2022 MONETARY ASSETS National Westminster Bank Current Account 1,857 Savings Account TOTAL FUNDS 1,857 REPRESENTED BY General Fund Restricted Fund 1,857 1,857 LIABILITIES
Ozero Arts For the Year Ended 31 December 2023 es to the Recei tsandPa mentsAccount BASIS OF ACCOUNTING The charity has prepared its accounts in accordance with Section 133 of the Charities Act 20 11 and has prepared a receipts and payments account,which accounts for incomeand expenditure on a cash received or paid basis, rather than on an accruals basis. The receipt and payments account has been analysed between the general fund and restricted funds. The latter arise where the donor specifies the purpose for which the donation has been given, and are for such matters as a specific projecL VOLUNTARY RECEIPTS General Fund Restricted Fund Trusts and Foundations 26,000 Individuals 28.927 54,927 PAYMENTS FOR CHARITABLE ACTIVITIES The total payments for charitable activities were £53.070 of which £1,000 was in respect of Spotlight Chamber Concerts. The remaining £52,070 was paid to Ozero Records Limited under a Production Services Agreement in connection with the production of Classical Pride.