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2024-05-01-accounts

REGISTERED CHARITY NO. 1185454

ANNUAL REPORT FOR THE PERIOD 2 MAY 2023 – 1 MAY 2024

1. SWAP’ra Annual Report 2 May 2023 – 1 May 2024

CONTENTS

Legal and administrative information 3
Trustees’ Report 4
Receipts and Payments for the period 2 May 2022 – 1 May 2023 8

2. SWAP’ra Annual Report 2 May 2023 – 1 May 2024

LEGAL AND ADMINISTRATIVE INFORMATION

CONSTITUTION

SWAP’ra is a Charitable Incorporated Organisation (no. 1185454), registered with the Charity Commission on 23 September 2019 and is governed by its constitution dated 7 May 2018.

TRUSTEES

The Trustees serving during the period covered by this Report were as follows: Sarah Holford (Chair) Catherine Carby (Treasurer) Professor Natasha Loges Mary Miller Sarah Noble

REGISTERED OFFICE

25 Greenways, Chelmsford, CM1 4EF

BANK

Metro Bank, 1 Southampton Row, London, WC1B 5HA

The Co-operative Bank plc P.O. Box 101 1 Balloon Street Manchester M60 4EP

Registered charity number 1185454

3. SWAP’ra Annual Report 2 May 2023 – 1 May 2024

REPORT OF THE TRUSTEES FOR THE PERIOD

2 MAY 2023 – 1 MAY 2024

This document has been prepared in accordance with the requirements of the Charity Commission and complies with the Charity’s governing document.

SWAP’ra is a registered charity, number 1185454. It is constituted as a Charitable Incorporated Organisation and was registered with the Charity Commission on 23 September 2019.

TRUSTEES

Trustees are appointed with regard to the skills, knowledge and experience required for the effective administration of the CIO. Apart from the first Trustees, all Trustees are appointed for a term of three years which may be renewed.

AIM AND PURPOSES

The charitable objects of SWAP’ra, as described in the constitution, are:

4. SWAP’ra Annual Report 2 May 2023 – 1 May 2024

BACKGROUND - WHY ARE WE HERE?

SWAP’ra is a group of artists and creative professionals who have come together to build a supportive community to effect positive change for women and parents in opera.

The aim is to be a voice for women (including trans and non-binary people) and parents of all genders in opera by:

The ultimate aim is to foster an environment in which women and parents are enabled to thrive professionally; the balancing of career and family/parenting commitments is actively supported by companies; and a female CEO, Music Director, Artistic Director, Conductor, Composer or Librettist is no longer noteworthy.

HOW DID WE GET HERE?

SWAP’ra had its beginnings at the end of 2017, when a group of artists active in the opera industry met to discuss how they could constructively address the challenges and barriers that women and parents working in opera continue to battle against.

This is not a new conversation for those affected by these issues. But the aim is to raise the volume and to bring these conversations to the attention of those in positions to effect positive change.

5. SWAP’ra Annual Report 2 May 2023 – 1 May 2024

The SWAP’ra Senior Management Team is made up of artists with portfolio careers including singers, directors, teachers and educators, producers, company directors, instrumentalists and arts managers. Together the team has a broad range of experience and expertise working across the UK and internationally and as such is in a strong position to act as a conduit between freelance artists and building-based arts managers.

SWAP’ra launched in the summer of 2018 with a spectacular Gala at Holland Park, hosted by Fiona Shaw and showcasing the talents, both on and off-stage, of 150 female directors, instrumentalists, conductors, singers, stage managers, composers, librettists and project managers. Named by Fiona Maddocks in The Guardian as one of the best classical music events of 2018, the Gala struck a significant chord for many. The response to the launch, and the funds raised (over £15,000) enabled SWAP’ra to submit its application to the Charity Commission soon after, and, as noted above, the organisation was registered as a Charitable Incorporated Organisation (1185454) in September 2019.

WHAT DO WE WANT THE FUTURE TO LOOK LIKE?

Our vision is that women are evenly represented in all job roles within the opera industry.

To achieve this vision, our programme focuses around three key pillars of activity:

Performance | Mentoring & Peer Support | Advocacy & Research

6. SWAP’ra Annual Report 2 May 2023 – 1 May 2024

PROGRAMME AND ACTIVITIES 2023/24

After a busy few years and in light of funding challenges, SWAP’ra paused public-facing activity during the 23/24 financial year. The charity maintained its presence online and at various industry events, and the senior management team remained available to freelancers for advice and support. This year saw the development of professional relationships and the planning of future projects, including a fundraiser and a second SWAP’ra Retreat for 2025. In addition, SWAP’ra continued to add to its curated listings of women composers - Forgotten Voices - on Oxford International Song Festival’s digital database. Forgotten Voices is generating over 3000 views per month and continues to grow in popularity.

FINANCIAL REVIEW

The period of this report covers the period 2 May 2023 – 1 May 2024. Accounts are prepared on a cash basis.

The charity’s opening balance of £7,227 comprised £3,868 unrestricted and £3,359 restricted funds. SWAP’ra received no income during this financial year. Expenditure of £3,214 covered the final invoices from the SWAP’ra Retreat at Glyndebourne (February 2022) and essential overheads such as web hosting and insurance.

RECEIPTS AND PAYMENTS ACCOUNTS

These accounts have been prepared under the receipts and payments method and are presented on the Charity Commission template. Receipts and payments accounts contain a summary of money received and spent during the period and a list of assets and liabilities at the end of the period.

RESERVES POLICY

The Trustees’ policy is to hold surplus unrestricted funds as reserves to

7. SWAP’ra Annual Report 2 May 2023 – 1 May 2024

safeguard the Charity’s ongoing financial sustainability and to provide support for future projects.

8. SWAP’ra Annual Report 2 May 2023 – 1 May 2024

Docusign Envelope ID: 367BBEA4-29D1-434F-92F0-8FF550BD802E

SWAP'ra (Supporting Women and Parents in Opera) Women and Parents in Opera) 1185454
Receipts and payments accounts CC16a
For the period
from
2-May-23 To 1-May-24
Section A Receipts and payments
Unrestricted Restricted funds Restricted funds Restricted funds Endowment Total funds Last year
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
- -- - 3,364-
- -- - 17,200-
- -- - 22-
- -- - --
- -- - --
- -- - --
- -- - -- - -- - -- - --
Sub total(Gross income for AR) - -- - -- - -- - -- - 20,586-
A2 Asset and investment sales,
(see table).
- -- - -- - -- - --
- -- - -- - -- - -- - --
Sub total - -- - -- - -- - -- - --
A2 Asset and investment sales,
(see table).
- -- - -- - -- - --
- -- - -- - -- - -- - --
Sub total - -- - -- - -- - -- - --
**Total receipts ** - -- - -- - -- - -- - 20,586-
A3 Payments
Project delivery fees (SWAP'ra Retreat
2022/23) - 2,550- - -- - 2,550- - 2,101-
Communications - 292- - 144- - -- - 436- - 5,600-
Insurance - 193- - -- - 193- -
Other - 35- - -- - 35- - 5,752-
- -- - -- - 284-
- -- - -- - --
- -- - -- - 3,670-
- -- - -- - 197-
- -- - -- - 135-
**Sub total ** - 327- - 2,887- - -- - 3,214- - 17,739-
A3 Payments
Project delivery fees (SWAP'ra Retreat
2022/23) - 2,550- - -- - 2,550- - 2,101-
Communications - 292- - 144- - -- - 436- - 5,600-
Insurance - 193- - -- - 193- -
Other - 35- - -- - 35- - 5,752-
- -- - -- - 284-
- -- - -- - --
- -- - -- - 3,670-
- -- - -- - 197-
- -- - -- - 135-
**Sub total ** - 327- - 2,887- - -- - 3,214- - 17,739-
A4 Asset and investment
purchases, (see table)
- -- - -- - -- - --
- -- - -- - -- - --
**Sub total ** - -- - -- - -- - --
**Total payments ** - 327- - 2,887- - -- - 3,214- - 17,739-
**Net of receipts/(payments) ** - 327- - 2,887- - -- - 3,214- - 2,847-
A5 Transfers between funds - -- - -- - -- - -- - --
A6 Cash funds last year end - 3,868- - 3,359- - -- - 7,227- - 4,380-
**Cash funds this year end ** - 3,541- - 472- - -- - 4,013- - 7,227-

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

Unrestricted Restricted funds Restricted funds Endowment
Categories Details funds funds
to nearest £ to nearest £ to nearest £
B1 Cash funds Metro bank - 234- - 75- - --
Co-Op bank - 3,017- - 200- - --
PayPal - 289- - 197- - --
Total cash funds - 3,541- - 472- - --
(agree balances with receipts and payments account
(s))
OK OK OK

CCXX R1 accounts (SS)

2/26/2025

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Docusign Envelope ID: 367BBEA4-29D1-434F-92F0-8FF550BD802E

B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
Signed by one or two trustees on behalf of
all the trustees
Details Unrestricted
funds
to nearest £
Restricted funds
to nearest £
Endowment
funds
to nearest £
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(optional)
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Current value
(optional)
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When due
(optional)
Date of approval
Sarah Holford 28 February 2

CCXX R2 accounts (SS)

2/26/2025

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