## **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:- - examine the accounts under section 145 of the 2011 Act. - to follow the procedures laid down in the general Directions given by the commission under section 145(5)(b) of the 2011 Act. - to state whether particular matters have come to my attention. 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: - (1) which gives me reasonable cause to believe that in any material respect the requirements:- - to keep accounting records in accordance with section 130 of the 2011 Act and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act - have not been met or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached **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