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2021-07-31-accounts

Trustees’ Annual Report for the period

Period start date: 01/08/2020 Period end date: 31/07/2021 Charity name: OEDIPA Charity registration number: 1171656

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The object of the CIO is: to advance and
maintain public education in, and
appreciation of, opera, music theatre and the
performing arts, in particular but not
exclusively by the creation and presentation
of opera and theatre productions and the
provision of accompanying participatory
workshops and training opportunities.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 The charity’s activity was again vastly
reduced due to COVID-19.
The charity continued a single principal
project to further its objective:
Aphasia New Music Group (ongoing)
The charity continued minimal planning for a
project (previously titled_Speak Red_)
engaging adults with communication
disabilities in the creation of new music. After
potential funding fell through (as a result of
Arts Council England’s policy to cancel
pending applications due to COVID-19), the
charity started reimagining the project for a
post-covid world. The charity continued to
work with the Communication Clinic at UCL
and opera company Second Movement to do
so. The charity plans to relaunch the project
in partnership with these organisations in
autumn 2022.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The trustees have read the guidance
documents provided by the Charity
Commission.

Additional information (optional)

SORP reference
Policy on grant making Para 1.38 The CIO does not make grants.
Policy on social investment
including program related
investment		 Para 1.38 The CIO has not made social investments.
Contribution made by
volunteers		 Para 1.38 The appointed artistic director of the charity
volunteers their time in bookkeeping,
fundraising, communications and general
administration.

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
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 In the period, the charity has been limited in
its ability to deliver on its object due to
COVID-19, which caused funding
applications to be cancelled by funders and
scheduled activities to be postponed due to
health and safety concerns.
Due to a lack of resources (both in terms of
staff time and funds), the charity elected not
to try to offer online equivalents of planned
activities, and instead to wait until COVID-19
restrictions had lessened.
In planning the Aphasia New Music Group,
the charity is still pioneering the use of music
making as a tool for creative expression for
communication disabled adults, as well as
exploring its potential for integration into
speech and language therapy. The charity
still has strong links with the Communication
Clinic at UCL, Second Movement and Britten-
Pears Arts, and is planning to sustain the
focus of this project on collaborative work
between people with communication
disabilities, artists and speech and language
therapists.

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The charity had a major Arts Council England
application cancelled as part of ACE’s
general policy during the early COVID-19
crisis, but is editing and will resubmit the
application in early 2022. Having
demonstrated competent and diligent
management of budgets, the charity is still in
a good position to apply for further funding for
future projects.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Reserves are minimal. As the charity
operates on a project-by-project basis, a
small amount of funds in reserve is helpful to
ensure that any costs not related to a specific
project can be met. The small amount of
reserve funding held at the end of the period
is not currently cause for concern, as the
charity’s activities going forward are
exclusively the continuation of the above
mentioned project, which has no overhead
costs at present.
Amount of reserves held Para 1.22 £129
Reasons for holding zero
reserves		 Para 1.22 Not applicable
Details of fund materially in
deficit		 Para 1.24 Not applicable
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 Not applicable

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 As an arts-focused organisation, the charity
often seeks funding from Arts Council
England and has been successful on multiple
occasions. The charity has also been in
receipt of funds from Jerwood Foundation,
the Federation of European Neuroscience
Societies, Second Movement, and through in-
kind support from partners such as UCL’s
Communication Clinic. The charity is planning
to apply to the Postcode Society Trust in the
future.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 The charity has not invested and accordingly
has no investment policy.
A description of the principal
risks facing the charity		 Para 1.46 The charity operates on a project-by-project
basis, with no employed staff and no
premises to maintain. There is very little risk
in terms of funding streams, as each project
is budgeted separately and usually has
restricted funds.

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document Para 1.25 The charity has a foundation constitution.
How is the charity
constituted?		 Para 1.25 The charity is a 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 Eligibility for trusteeship
(a) Every charity trustee must be a natural
person.
(b) No individual may be appointed as a
trustee of the CIO:
‣if they are under the age of 16 years; or
‣if they disqualified from acting as a charity
trustee by virtue of section 178- 180 of the
Charities Act 2011 (or any statutory re-
enactment or modification of that provision).
(c) No-one is entitled to act as a charity
trustee whether on appointment or on any re-
appointment until they have expressly
acknowledged, in whatever way the CIO
trustees decide, their acceptance of the office
of charity trustee.
Number of charity trustees
(a) There must be at least three charity
trustees. If the number falls below this
minimum the remaining trustee or trustees
may act only to call a meeting of the charity
trustees, or to appoint a new charity trustee.
5 of 19
(b) The maximum number of charity trustees
is nine. The charity trustees may not appoint
any charity trustee if as a result the number of
charity trustees would exceed the maximum.
Appointment of charity trustees
(a) Apart from the first charity trustees, every
trustee must be appointed by a resolution
passed at a properly convened meeting of the
charity trustees.
(b) In selecting individuals for appointment
as charity trustees, the charity trustees must
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:

Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51 Information for new charity trustees
The charity trustees will make available to
each new charity trustee, on or before their
first appointment:
(a) a copy of the current version of the
foundation constitution; and
(b) a copy of the charity’s latest Trustees’
Annual Report and Statement of Accounts.
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51 The trustees oversee an Artistic Director, who
manages the day-to-day running of the
charity, as well as selecting creative projects
to be approved and evaluated by the trustees
against the charity’s object.
Relationship with any related
parties		 Para 1.51 The charity has no formal relationships with
other parties (apart from agreements made
with funders). However, the charity has
worked in partnership with other small
organisations in the furthering of its object,
such as arts organisations offering small
grants, administrative support and
consultation.

Reference and Administrative details

Charity name OEDIPA
Other name the charity uses None
Registered charity number 1171656
Charity’s principal address 83 DOWNS PARK ROAD, LONDON E5 8NP

Names of the charity trustees who manage the charity

Trustee name Office
(if any)		 Dates acted
(if not for whole period)		 Name of person (or body)
entitled to appoint trustee
(if any)
1
2
4		 Sarah Blowers Chair
Graham Ball
Fra Rustumji

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

Not applicable

Name of trustees holding title to property belonging to the charity

Not applicable

Funds held as custodian trustees on behalf of others

Not applicable

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Not applicable

Other optional information

Declarations

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

Signature Full name Sarah Blowers Position Chair Date 30.05.2022

REGSTERED CHARITY NUMBER:1171656

Report of the Trustees and

Unaudited Financial Statements

for the Year Ended 31 July 2021

for

Oedipa

Oedipa Financial Statements for the Year Ended 31 July 2021

Contents of Financial Statements

Page
Independent E�aminer�s Report 2
Report of the Trustees 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 7
Detailed Statement of Financial Activities 8

Registered Number:- 1171656

Oedipa

Oedipa

for the Year Ended 31 July 2021

I report on the accounts of the Trust for the year ended 31 July 2021, which are set out on pages 2 to 8.

Respective responsibilities of trustees and examiner

ees 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.

It is my responsibility to:-

My examination was carried out in accordance with the 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 disclosure 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

In connection with my examination, no matter has come to my attention:

Richard Brooks Leonis Accountants Limited

Page 2

Registered Number:- 1171656

Oedipa

Report of the Trustees for the Year Ended 31 July 2021

The trustees present their report with the financial statements of the charity for the year ended 31 July 2018. The trustees have adopted the prov isions of the Statement of Recommended Practice �SORP� �Accounting and Reporting b� Charities� issued in March �����

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Number

1171656

Trustees

Sarah BlowersSarah Blowers Graham BallNimneh Hyde Fra RustumjiGraham Ball Benjamin Cooper

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Risk Management

The trustees have a duty to identify and review the risks to which the charity if exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

30.05.2022

Approved b� order of the board of trustees on������������� and signed on its behalf b��

�������������� S Blowers Chair or Trustees

Page 3

Registered Number:- 1171656

Oedipa

Statement of Financial Activities for the Year Ended 31 July 2021

INCOMING RESOURCES
Incoming Resources from generated
funds
Voluntary income
RESOURCES EXPANDED
Charitable activities
Production
Governance costs
Other resources expended
Total resources expended
NET INCOMING/(OUTGOING)
RESOURCES
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD
EXPENDED		 Unrestricted
Funds
£
100
-
-
-
-
100
29
129		 Restricted
Funds
£
105
1,164
100
-
1,264
(1,159)
4,007
2,848		 31.07.2021
Total Funds
£
205
1,164
100
-
1,264
(1,059)
4,036
2,977		 31.07.2020
Total Funds
£
863
6,256
100
-
6,356
(5,493)
9,529
4,036

Page 4

Registered Number:- 1171656

Oedipa

Balance Sheet

for the Year Ended 31 July 2021

Notes
CURRENT ASSETS
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
4
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
5
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Funds
£
129
129
( - )
129
129
129		 Restricted
Funds
£
2,948
2,948
(100)
2,848
2,848
2,848		 31.07.2021
Total Funds
£
3,077
3,077
(100)
2,977
2,977
2,977
2,977
2,977		 31.07.2020
Total Funds
£
4,136
4,136
(100)
4,036
4,036
4,036
4,036
4,036

30.05.2022 The financial statements were approved b� the Board of Trustees on���������� and were signed on its behalf by:

�������������� S Blowers Chair or Trustees

Page 5

Registered Number:- 1171656

Oedipa

Notes to the Financial Statements for the Year Ended 31 July 2021

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under the headings that aggregate all the cost relating to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds 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.

2. T RUSTEES� REMUNERATION AND BENEFITS

There were no trustees� remune ration or other benefits for the year ended 31 July 2020 or 31 July 2021.

Trustees expenses

There were no trustees� e�penses paid for the �ear ended �� July 2020 or 31 July 2021.

3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deferred income 2021
£
100
100		 2020
£
100
100

Page 6

Registered Number:- 1171656

Oedipa

Notes to the Financial Statements for the Year Ended 31 July 2021

4. STATEMENT OF MOVEMENTS

Restricted funds
Unrestricted funds
TOTAL FUNDS		 Opening
funds
£
4.007
29
4,036		 Net
movement in
funds
£
(1,159)
100
(1,059)		 At
31.07.2021
£
2,848
129
2,977

Net movement in funds, included in the above are as follows:

Restricted fund
Unrestricted fund
TOTAL FUNDS		 Incoming
Resources
£
105
100
205		 Resources
expended
£
(1,264)
-
(1,264)		 Movement
in funds
£
(1,159)
100
(1,059)

Page 7

Registered Number:- 1171656

Oedipa

Notes to the Financial Statements for the Year Ended 31 July 2021

INCOMING RESOURCES
Voluntary income
Restricted grant
Show income
Miscellaneous income
Total incoming resources
RESOURCES EXPENDED
Charitable activities
Artist costs
Production costs
Storage costs
Support costs
Accountancy
Insurance
Bank charges
Telephone
Travel and accommodation
Sundries
Total resources expended
Net Income/(expenditure)		 2021
£
£
105
-
100
205
205
-
1,164
-
1,164
100
-
-
-
-
-
100

1,264
(1,159)		 2020
£
£
863
-
-
863
863
4,006
2,250
-
6,256
100
-
-
-
-
-
100
6,356
(5,493)		 2020
£
£
863
-
-
863
863
4,006
2,250
-
6,256
100
-
-
-
-
-
100
6,356
(5,493)
863
863
6,256
100
6,356
(5,493)

Page 8