2021-08-31-accounts - Instruments Of Time And Truth

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Section C: Notes to the accounts Trustees’ annual report for the period

Period start date 0 1 0 9 2 0 Period end date 3 1 0 8 2 1

Charity name Instruments of Time and Truth

Charity No (if any)

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To further the knowledge and appreciation of baroque and classical music in students and the general public through teaching and performing.
Summary of the main activities in relation to those purposes for the public beneft, in particular, the activities, projects or services identifed in the accounts.	Para 1.17 and 1.19	Performing baroque and classical music. Teaching people about early music performance practice
Statement confrming whether the trustees have had regard to the guidance issued by the Charity Commission onpublic beneft	Para 1.18	Yes.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38
Policy on social investment including program related investment	Para 1.38
Contribution made by volunteers	Para 1.38
Other

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its benefciaries and any wider benefts to society as a whole.	Para 1.20	Like all arts organisations, Instruments of Time and Truth (IT&T) had its regular activities substantially curtailed during the 2020/21 financial year owing to the ongoing effects of the COVID-19 pandemic. From a high point of 31 live engagements in 2018/19, restrictions on gatherings meant that the ensemble was only able to perform live 8 times during the 2020/21 financial year, with all but one of these performances taking place during the summer of 2021. In October 2020, the ensemble produced a video recording of Charpentier’s Missa Assumpta Est Maria; this was to have been performed live during the summer of 2020. The recording was made freely available on YouTube in December 2020, and the ensemble performed the work live at the Stour Festival in Kent in June 2021. Plans for a performance in Oxford in the spring of 2021 had to be shelved. Also in October 2020, IT&T performed alongside Magdalen College Choir in a service of choral evensong. These performances have been a staple of IT&T’s work to support Oxford’s many student choirs, and it was unfortunate that due to lockdowns and restrictions, other planned collaborative services with college choirs were unable to take place. In December 2020, the ensemble had been planning to put on its regular performance of Handel’s Messiah, with changes duly made to accommodate social distancing requirements then in place. However, significantly rising rates of COVID-19 infections in the local area in the week before the performance was scheduled to take place led the Trustees to take the difficult decision to cancel the event, for which the organisation incurred a significant financial loss, though some of this was partly offset by audience members choosing to donate their ticket costs. Plans for a concert in the Holywell Music Room in February 2021 also had to be shelved owing to the third lockdown that began in January 2021. In March 2021, the ensemble recorded some of the works that had been intended to be performed at the cancelled concert in the Holywell Music Room, and these were released on YouTube during the spring and summer. As restrictions eased and the impact of the vaccination programme began to be felt in the spring, the ensemble aimed to join those returning to live performance in the safest manner possible. Plans were therefore drawn up for a series of six chamber music concerts in Christ Church Cathedral, which, as one of the largest public spaces in Oxford, would allow for sizeable audiences while some social distancing restrictions remained in place. The six programmes were each devised by a different member of the group and the concerts were a great success for the organisation, with over 700 tickets sold (several concerts selling out), and over 160 young people taking advantage of our free ticket scheme offered in collaboration with CAVATINA Chamber Music Trust. One other matter should be recorded here. Everyone associated with the ensemble was deeply saddened by the unexpected death of the first chair of the Trustees, Professor Angus Hawkins, in December 2020. His contribution to the development of IT&T will be celebrated at a concert in September 2022

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Financial Review

	SORP reference
Review of the charity’s fnancial position at the end of the period	Para 1.21	£79, 746
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity holds reserves amounting to 8 week turnover. This has been calculated according to the last financial year unaffected by COVID, 2018/19.
Amount of reserves held	Para 1.22	£36,000
Reasons for holding zero reserves	Para 1.22
Details of fund materially in defcit	Para 1.24
Explanation of any uncertainties about the charity continuing as a goingconcern	Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Structure, Governance and Management

Description of charity’s trusts:	SORP reference
Type of governing document (trust deed,royal charter)	Para 1.25	CIO Foundation
How is the charity constituted? (e.gunincorporated association,CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	By means of a resolution passed at a properly convened meeting of the Charity Trustees. In nominating a Trustee, the Trustees shall have regard to the skills, knowledge and experience needed for the effective administration of the CIO.

Additional information (optional)

You may choose to include further statements where relevant about:

	SORP reference
Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charityworks	Para 1.51
Relationship with any related parties	Para 1.51
Other

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Reference and Administrative details

Charity name	Instruments of Time and Truth
Other name the charity uses
Registered charity number	1159371
Charity’s principal address	72, Abbey Road Oxford OX2 0AG

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Prof. Angus Hawkins	Chair	Until December 2020
Geoffrey Thomas	Chair	From February 2021
Gabriel Amherst		Until August 2021
Dr Janine Aron
Rachel Byrt		From March 2021
Jitka Fort
Prof. Louise Gullifer QC
Anthony Efstathios Kedros
Prof. John Muellbauer
Jessica Osborne
Dr Brittany Wellner James

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Reference and Administrative details (cont)

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year

Charity Accounts templates – Trustees’ annual report for the period

October 2016

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Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Charity Accounts templates – Trustees’ annual report for the period

October 2016

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name Instruments of Time and Truth members of On accounts for the year 31 August 2021 Charity no 1159371 ended (if any) Set out on pages (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/08/2021

As the charity trustees of the Trust, you are responsible for the preparation

Responsibilities and of the accounts in accordance with the requirements of the Charities Act basis of report 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 Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

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 if they do not apply.

Date: 28/06/2022

Signed: Name: ALAN RICHARD GOODWIN Relevant professional qualification(s) or body (if any): Address: 2 North Street Oxford OX2 0AY

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

October 2018

IER

Give here brief details of any items that the examiner wishes to disclose .

October 2018

IER

Instruments of Time and Truth	Instruments of Time and Truth	Instruments of Time and Truth	Charity No (if any)	1159371
Annualaccountsforthe period
Period start date	01/09/2020	To	Period end date	31/08/2021

Section A Statement of financial activities

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
7,045	23,175	-	30,220	21,206
19,792		-	19,792	107,537
		-	-	-
2			2	13
		-	-	-
-		-	-	5,034
26,840	23,175	-	50,015	133,790

-	850	-	850	-
52,756	10,107	-	62,863	135,535
-	-	-	-	-
-	-	-	-	-
52,756	10,957	-	63,713	135,535

25,916 -	12,218	-	13,698 -	1,745 -
-	-	-	-	-
25,916 -	12,218	-	13,698 -	1,745 -
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
25,916 -	12,218	-	13,698 -	1,745 -

79,746	-	-	79,746	81,491
53,830	12,218	-	66,048	79,746

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
6,202		-	6,202	6,011
		-	-
25,223	37,024	-	62,246	80,529
31,424	37,024	-	68,448	86,540

2,400		-	2,400	6,794

29,024	37,024	-	66,048	79,746

29,024	37,024	-	66,048	79,746

-	-	-	-	-
-	-	-	-	-

29,024	37,024	-	66,048	79,746

-			-	-
	-		-	-
		-	-	-
			-
-	-	-	-	-

Signature		Print Name		Date of approval dd/mm/yyyy

CC17a (Excel)

01/12/2021

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Declarations

The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Anthony Efstathios Kedros Louise Gullifer Position (eg Secretary, Chair, etc) Trustee Trustee Date 30/06/2022

Charity Accounts templates – Trustees’ annual report for the period

October 2016