**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: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - • the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. 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