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2024-08-31-accounts

Independent examiner's report on the accounts

Section A Independent Examiner’s Report
Report to the trustees
On accounts for the year
ended
Set out on pages
Responsibilities and
basis of report		 eavesdropping CIO
31/08/2024 Charity no
(if any)		 1181977
2 and 3 of this document.
I report to the trustees on my examination of the accounts of the above
charity (“the Trust”) for the year ended 31/08/2024.
As the charity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 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 all 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:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Signed:
Name:
Relevant professional
qualification(s) or body
(if any):
Address:

 29/06/2024
Diego Trucco
CIMA, Chartered Institute of Management Accountants
49 Dorman Way
London
NW8 0SD

1

eavesdropping CIO
 eavesdropping CIO
 eavesdropping CIO
 1181977 CC16a
Receipts andpayments accounts
For the period
from		 01/09/2023 To 31/08/2024
Section A Receipts and payments
A1 Receipts Unrestricted
funds
to the nearest £		 Restricted funds
to the nearest £		 Endowment
funds
to the nearest £		 Total funds
to the nearest £		 Last year
to the nearest £

Festival ticket sales		 4,899 - - 4,899 2,962
Festivalgrants(ACE/PRSF) - 12,145 - 12,145 9,405
Donations 1,037
 - - 1,037 650
Gift Aid 266 - - 266 -
BBC Radio 3 2,932 - - 2,932 -
Outpost events(consultancy) 283 - - 283 566
PayPal revenue - - - - 139
Misc. income 1,128 - - 1,128 1,479
Director's loans 4,600 - - 4,600 -
VOICEBOXgrants - 19,146 - 19,146 1,000
VOICEBOX donations - 3,832 - 3,832 -
VOICEBOX misc. income 114 - - 114 -
Sub total(Gross income for AR) 15,259 35,123 - 50,382 16,201
A2 Asset and investment sales,
(see table).
- - - - -
Sub total - - - - -
Total receipts
A3 Payments
15,259 35,123 - 50,382 16,201

Festival Artists' fees		 - 5,082 - 5,082 4,373
Festival Artists' expenses - 1,543 - 1,543 2,353
Festival Access costs - - - - 510
Festival Venue hire 3,504 - - 3,504 3,111
Consultancy/Partner fees 253 - 253 1,200
Documentation and tech - 2,049 - 2,049 2,816
Publicity 733 - - 733 293
PLI 684 - - 684 568
Misc. costs (misc. event costs; ticket
reimbursements)		 661 - - 661 363
Staff salaries 3,602 1,313 - 4,915 5,389
Website hosting/digitalplatforms 261 - - 261 261
Bank charges - - - - 14
Director's loans 4,600 - - 4,600 -
VOICEBOX Artists' fees(commissions) - 2,000 - 2,000 -
VOICEBOX Participants' expenses - 4,895 - 4,895 -
VOICEBOX Tutors' fees - 7,800 - 7,800 -
VOICEBOX Tutors' expenses - 696 - 696 -
VOICEBOX Staff salaries 242 131 - 373 429
VOICEBOX Misc. costs - 93 - 93 -
**Sub total ** 14,539 25,602 - 40,141 21,679
A4 Asset and investment
purchases, (see table)
- - - - -
**Sub total ** - - - - -
Total payments
Net of receipts/(payments)
A5 Transfers between funds
A6 Cash funds last year end
Cash funds this year end
14,539 25,602 - 40,141 21,679
720 9,521 **- ** 10,241 - 5,478
- - - - -
- 157 571 - 415 5,893
564 10,092 -
10,656		 415

Section B Statement of assets and liabilities at the end of the period

Categories
B3 Investment assets
B1 Cash funds
B2 Other monetary assets		 Details Unrestricted
funds
to nearest £		 Restricted funds
to nearest £		 Endowment
funds
to nearest £
Co-operative Bank current account 535 5,000 -
Co-operative Bank savings account - 5,092 -
PayPal account 29 - -
Details
Total cash funds
(agree balances with receipts and payments account(s))		 564 10,092 -
OK
Unrestricted
funds
to nearest £		 OK
Restricted funds
to nearest £		 OK
Endowment
funds
to nearest £
- - -
- - -
- - -
- - -
- - -
Details Fund to which asset
belongs		 Cost (optional) Current value
(optional)
- -
- -
- -
- -

221

CCXX R1 accounts (SS)

29/06/2025

B4 Assets retained for the charity’s own use

B5 Liabilities

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

- -
Details Fund to which asset
belongs		 Cost (optional) Current value
(optional)
- -
- -
- -
- -
- -
Fund to which Amount due When due
Details liability relates (optional) (optional)
Juliet Fraser (Director's loans YE2023) Unrestricted funds - 1,375
-
Signature Print Name Date of approval
RACHEL SEARS 25-Jun-25
FAY JENNETT 25-Jun-25

32

CCXX R2 accounts (SS)

29/06/2025

Trustees’ Annual Report for the period

From: 01/09/2023 (Period start date) To: 31/08/2024 (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.

4

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 a platform for the sharing of
new music and new ways of thinking about
music, shared in an annual four-day festival.
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 eavesdropping’s activity included a four-day
festival and forum held at Cafe OTO, the
continuation of our podcast series, and the
launch of VOICEBOX, a year-long initiative
supporting emerging-generation singers
specialising in contemporary vocal
performance. This was our fifth season of
activity and felt like the most impactful in terms
of artist development and the promotion of new
music. The relocation to Cafe OTO for the
festival has had a demonstrably positive impact
on audience expansion, and we had significant
press coverage for the first time, including
international radio and printed-press features.

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

Review of the charity’s
financial position at the end of
the period		 Para 1.21 The charity held £10,656 in cash funds at the
year’s end. This amount includes restricted
funds of £10,092 for activity the following
season.

5

Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Reserves of £2000 are to be held in the main
charity account, allowing artists to be paid 50%
of their fee even if a whole festival has to be
cancelled.
Amount of reserves held Para 1.22 £500 at YE2024.
Reasons for holding zero
reserves		 Para 1.22 Reserves were depleted (to zero) in 2023.
Currently being replenished:
•
FY2023: £0 reserves
•
FY2024: +£500
•
FY2025:+£1000
Details of fund materially in
deficit		 Para 1.24 N/A
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:

6

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
1_LOUISE MARSHALL_
N/A
2_JACQUELYN BELL_
N/A
3_FAYJENNETT_
CHAIR
4_WINNIE HUANG_
N/A
appointed 1.12.23
5_RACHEL SEARS_
N/A
appointed 16.6.24
6
Corporate trustees–names of the directors at the date the report was approved		 Trustee name Trustee name Office (if any) Dates acted if not for
whole year		 Dates acted if not for
whole year		 Name of person
(or body) entitled
to appoint
trustee (ifany)
LOUISE MARSHALL _N/A _
JACQUELYN BELL _N/A _
FAYJENNETT CHAIR
WINNIE HUANG _N/A _ appointed 1.12.23
RACHEL SEARS _N/A _ appointed 16.6.24
was approved
Director name
N/A
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
N/A
Director name
N/A
Name of trustees holding title to 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 N/A in this capacity

7

Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation 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) FAY JENNETT Full name(s)[JULIET FRASER ] Position (eg Secretary, ARTISTIC DIRECTOR TRUSTEE Chair, etc) Date 25 June 2025 25 June 2025

8