OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

OPERAFFINITY TRUSTEE ANNUAL REPORT AND FINANCIALS FOR THE YEAR ENDED 31 DECEMBER 2024

1

Charity registration number: 1187687

6 7

OPERAFFINITY ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31/12/2024

CONTENTS

Table of Contents

Trustee Annual Report

Receipts and Payments Accounts

Notes to the financial statements

2

Charity registration number: 1187687

OPERAFFINITY

TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDED 31/12/2024

_________

Registration number:

1187687

Principal/registered address 5 Brayford Square LONDON E1 0SG

Board of trustees

Ms Breana Stillman Mr F McLeod Mr PJ Harris

OPERAFFINITY

3

Charity registration number: 1187687

TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDED 31/12/2024

_______________

The trustees have pleasure in presenting their Annual Report and the financials for the year ended 31[st] of December 2024

The financials comply with current statutory requirements, the governing document, and the Charities Act 2011.

Aims and organisation

The CIO was established on 31 of January 2020. OperAffinity was set up to advance education in classical music opera to communities throughout the world that have little or no access to the arts. OperAffinity has developed various workshops, performances & events catered for varied age groups with emphasis, but not exclusively related to children aged 0 to 19 who come from disadvantaged backgrounds. The organisation uses working industry musicians who have a passion for the arts and education and making classical music & opera more accessible to the general public. The organisation ensures that all artists and performers that it engages have significant professional expertise and have a passion for and share the charity's aims.

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the OperAffinity’s aims and objectives and in planning future activities. The decisions of the CIO are made by the trustees. The trustees have the authority to appoint replacement trustees.

The focus of our Charity’s activities remains to promote, improve and advance education of the public with an emphasis on disadvantaged youths throughout the world in the art of music, and with a particular focus on opera and classical music.

Our activities remain open to applications from individuals or organisations that in particular, but not exclusively, comply with the Trust activities as stated above.

Review of financial activities and affairs

income

Total Income for 2024 is £0.00

Expenditure

Total Expenditure for 2024 is £5,000

Funds

Activities are now underway to continue applying for grants and funding within the UK. A team has started to work on sourcing grant opportunities and beginning the application process.

In 2025, the charity plans to:

4

Charity registration number: 1187687

Risk

The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operation and finance of the CIO and are satisfied that systems are in place to mitigate exposure to any such risks.

Reserves policy

It is the policy of the trustees to maintain reserves at a level appropriate to the Trusts operations. Reserves are maintained at such a level as to be able to respond to any requests for assistance.

Investment powers

The trustees have the power to invest the funds of the Trust under their own discretion.

Trustee Responsibilities

The trustees are responsible for preparing the Annual Report and Financial Statements in accordance with applicable law and regulations. They must ensure that the financial statements give a true and fair view and comply with the Charities Act 2011 and relevant regulations.

The trustees confirm that:

They have complied with their duty to have regard to the Charity Commission’s guidance on public benefit. The financial statements are prepared on the receipts and payments basis.

Trustee Responsibilities

The trustees are responsible for preparing the Annual Report and Financial Statements in accordance with applicable law and regulations. They must ensure that the financial statements give a true and fair view and comply with the Charities Act 2011 and relevant regulations.

The trustees confirm that: They have complied with their duty to have regard to the Charity Commission’s guidance on public benefit. The financial statements are prepared on the receipts and payments basis.

OPERAFFINITY

RECEIPTS AND PAYMENTS ACCOUNT – UNRESTRICTED FUNDS

FOR THE YEAR ENDED 31/12/2024

5

Charity registration number: 1187687

Income - Donations

Total of £0.00 in donations throughout the year received from private donations

Expenditure –

Total of £5,000 in expenditure which includes:

OPERAFFINITY

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31/12/2024

6

Charity registration number: 1187687

1. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the applicable Accounting Standards and Charity Commission guidance in the form of CC16 for charities preparing financial statements on a receipts and payments basis.

2. Breakdown of charity’s funds

Unrestricted funds:

Unrestricted funds are those funds that can be used in accordance with the charitable objects of the Trust at the discretion of the trustees.

3. Trustee remuneration

No trustee has received remuneration or reimbursement for expenses incurred during the financial year.

4. Related Party Transactions

There were no related party transactions during the financial year.

7

Charity registration number: 1187687

OperAffinity OperAffinity OperAffinity CC16a
Receipts andpayments accounts
For the period
from		 1/1/2024
Period start date		 To 31/12/2024
Period end date
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 £
Donations - - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for
AR)

-		 - - - -
A2 Asset and investment sales,
(see table).
- - - -
- - - - -
Sub total - - - - -
Total receipts
A3 Payments
- - - - -
Expenses - - 5,000 5,000
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
**Sub total ** - - 5,000 5,000 -
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
- - 5,000 5,000 -
- -
- 5,000		 - 5,000 -
- - - - -
- - - - -
- -
- 5,000		 - 5,000 -

CCXX R1 accounts (SS)

1

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

Categories
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
B2 Other monetary assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
B3 Investment assets		 Details Unrestricted
funds
to nearest £		 Restricted
funds
to nearest £		 Endowment funds
to nearest £
- - -
- - -
- - -
Details
Total cash funds
(agree balances with receipts and payments
account(s))		 - - -
OK OK Agreement Error
Unrestricted
funds
to nearest £		 Restricted
funds
to nearest £		 Endowment funds
to nearest £
- - -
- - -
- - -
- - -
- - -
- - -
Details Fund to which
asset belongs		 Cost (optional) Current value (optional)
- -
- -
- -
- -
- -
Details Fund to which
asset belongs		 Cost (optional) Current value (optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Details Fund to which
liability relates		 Amount due
(optional)		 When due (optional)
-
-
-
-
Signature Print Name
Date of approval
Breana Stillman 23/10/2024

CCXX R2 accounts (SS)

2