2021-08-31-accounts - Eavesdropping CIO

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Trustees’ Annual Report for the period

From: 01/09/2020 (Period start date) To: 31/08/2021 (Period end date)

Charity name: eavesdropping CIO

Charity registration number: 1181977

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	The objects of the CIO are specifically restricted to the following: 1. the advancement of the performing arts, specifically music, for the public benefit, in particular but not exclusively by: (a) providing a programme of public performances devoted to new music; (b) providing a dedicated forum for research in order to further dialogue within the new music community; (c) providing professional development and performance opportunities for artists identifying as female, thus advancing equal opportunities in an historically male-dominated profession; (d) promoting the highest standards and supporting engaged risk-taking in the creation and performance of new musical works; and 2. the advancement of the education of the public in general in the subject of music, in particular but not exclusively by: (a) promoting a broad and diverse repertoire of new music; (b) promoting individual and collective knowledge in the specific areas of live performance, commissioning and programming; (c) raising awareness of the charity’s activities through information media.

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	eavesdropping is an annual series of live performances and a symposium celebrating new music, founded by soprano Juliet Fraser in 2017. Its overarching charitable objects are the advancement of the performing arts, specifically music, for the public benefit, and the advancement of the education of the public in general in the subject of music.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees confirm that they have had regard to the guidance issued by the Charity Commission on public benefit.

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	Despite the ongoing challenges of a global pandemic, the charity delivered a third season of activity in full, this time with a festival format, over the course of a single week. The series was filmed as live and broadcast online 20-23 April 2021 and the symposium was held online 24-25 April 2021. As such, the charity provided much-needed support (artistic and financial) for the featured artists, a valued programme of musical activity for the public, and an informative and stimulating weekend of discourse for those participating in the symposium. Feedback was overwhelmingly positive, testifying to the broad public benefit.

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
Achievements against objectives set	Para 1.41	N/A
Performance of fundraising activities against objectives set	Para 1.41	N/A
Investment performance against objectives	Para 1.41	N/A
Other		N/A

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The charity held £639.95 in its Co-operative Bank account at the year’s end. This amount excludes final grant payments due in.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves are held in the main charity account, allowing a full season of artists to be paid even if a whole series had to be cancelled.
Amount of reserves held	Para 1.22	£2000

Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	Final grant payments for this third season (2021) exceeding £3000 were received in October 2021, replenishing required reserves.
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	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	N/A
Investment policy and objectives including any social investment policy adopted	Para 1.46	N/A
A description of the principal risks facing the charity	Para 1.46	N/A
Other		N/A

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document	Para 1.25	Constitution
How is the charity constituted?	Para 1.25	Charitable Incorporated Organisation
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	New trustees are selected and appointed by the current charity trustees, in accordance with the following constitutional provisions: 1. Apart from the first charity trustees, every trustee must be appointed for a term of three years by a resolution passed at a properly convened meeting of the charity trustees. 2. 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:	Additional information (optional) You may choose to include further statements where relevant about:	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	The charity trustees will make available to each new charity trustee, on or before his or her first appointment: (a) a copy of the current version of this constitution; and (b) a copy of the CIO’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	N/A
Relationship with any related parties	Para 1.51	N/A
Other		N/A

Reference and Administrative details

Charity name	eavesdropping CIO
Other name the charity uses	eavesdropping
Registered charity number	1181977
Charity’s principal address	81 Cressy Houses Hannibal Road London E1 3JF

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
JENNIFER(PENNY) JONAS	_N/A _
LOUISE MARSHALL	_N/A _
JACQUELYN BELL	_N/A _
FAY JENNETT	N/A	appointed 21/09/2020

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

Director name N/A

Name of trustees holding title to	property belonging to the charity	property belonging to the charity
Trustee name	Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

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

of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

dditional information (optional) ames and addresses of advisers (Optional information)	dditional information (optional) ames and addresses of advisers (Optional information)	dditional information (optional) ames and addresses of advisers (Optional information)
Type of adviser Name Address
	N/A

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

Juliet Fraser

Exemptions from disclosure

Reason for non-disclosure of key personnel details

N/A

Other optional information

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) Position (eg Secretary, Chair, etc) Date
	JULIET FRASER	JACQUELYN BELL
	ARTISTIC DIRECTOR	TRUSTEE
	25 April 2022	25 April 2022

eavesdropping CIO 1181977

Receipts and payments accounts For the period 9/1/2020 To from

9/1/2020 8/31/2021 To

Section A Receipts and payments

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Unrestricted Restricted Endowment
Total funds
funds funds funds
to the nearest
to the nearest £ to the nearest £ to the nearest £
£
A1 Receipts
Ticket sales - - - -
Arts Council England grant - - - -
PRS Foundation grant - 2,300 - 2,300
Donations 3,000 - - 3,000
Misc income 12 - - 12
- - - -
- - - -
- - - -
Sub total (Gross income for AR) 3,012 2,300 - 5,312
A2 Asset and investment sales,
(see table).
- - - -
- - - -
Sub total [ - ] - - -
Total receipts 3,012 2,300 - 5,312
A3 Payments
Artists' salaries 3,650 - - 3,650
Other salaries 5,246 - - 5,246
Artists' expenses 199 - - 199
Venue hire 372 - - 372
Documentation and tech 210 - - 210
Publicity 147 - - 147
Website hosting/digital platforms 212 - - 212
Other costs (misc. event costs; ticket
reimbursements 2 - - 2
Bank charges - - - -
Sub total 10,038 - - 10,038
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total - - - -
Total payments 10,038 - - 10,038
Net of receipts/(payments) - 7,026 2,300 - - 4,726
A5 Transfers between funds - - - -
A6 Cash funds last year end 5,420 - - 5,420
Cash funds this year end - 1,606 2,300 - 694
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Section B Statement of assets and liabilities at the end of the period

			Unrestricted	Restricted
Categories	Details		funds	funds
B1 Cash funds	Co-operative Bank *Total cash funds*		to nearest £ 694 - - 694	to nearest £ - - - -
	(agree balances with receipts and payments account(s))		Agreement Error	Agreement Error
			Unrestricted	Restricted
			funds	funds
B2 Other monetary assets	Details		to nearest £ - - - - - -	to nearest £ - - - - - -
B3 Investment assets	Details		Fund to which asset belongs	Cost (optional) - - - - -
B4 Assets retained for the	Details		Fund to which asset belongs	Cost (optional) -
charity’s own use				- - - - - - - -
			Fund to which	Amount due
B5 Liabilities	Details		liability relates	- - - - - (optional)
Signed by one or two trustees on bhlf f ll th tt		Signature	Print	Name

Signed by one or two trustees on behalf of all the trustees

IACQUELYN BELL FAYIENNErr

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CC16a
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Last year

to the nearest £

1,303 - - 1,400 - - - - 2,703

2,703

4,089 2,900 547 558 700 659 252 502 56 10,262

10,262 - 7,559 - 99 5,420

Endowment funds

to nearest £ - - - -

Endowment funds

to nearest £

Current value (optional)

When due (optional)

Date of approval

25-Apr-22 25-Apr-22