# **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 - Apply for grants and funding within the UK to support its ongoing and new activities. - Organise workshops and performances targeting disadvantaged young people. - Expand engagement with professional musicians and partner organisations. ## **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: - Website and domain subscription - Reimbursement of expenses for volunteer musicians participating in various workshops and performances - Administration and running costs - Travel expenses related to projects and work - • Subscriptions ## **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