``` 1159371 ``` ## 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 2 of 8 ## 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 3 of 8 ## Financial Review ||SORP
reference||s’| |---|---|---|---| |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 4 of 8 ## 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 5 of 8 ## 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|Name of person (or
body) entitled to appoint
trustee(if any)| |---|---|---|---| |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 6 of 8 ## 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 7 of 8 ## 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). 1 **October 2018** **IER** **Give here brief details of any items that the examiner wishes to disclose** . 2 **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** |**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
1
**_Total_**
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use|**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** |**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10

B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|**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 1 8 of 8 ## 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