Trustees’ Annual Report for the period
From Period start date 31 July 2020 To Period end date 31 March 2021
Charity name: FIDELIO CIO
Charity registration number: 1190665
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | (1) To advance the education and appreciation of classical music in a broad audience, particularly young people, including through the presentation of musical events and orchestral, operatic and chamber music concerts in London and throughout the UK (2) To provide opportunities to aspiring musicians to develop through performance in high- level chamber and orchestral ensembles. |
| 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 |
Fidelio CIO’s Constitution was approved by the Charity Commission and the Charity was registered on 31 July 2020. Its Board of Trustees met several times to plan future activities. However due to the prevalence of COVID playing activities were limited to one playday in November 2020. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have had full regard to the guidance on public benefit. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference N/A Para 1.38 Policy on grant making
N/A Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
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 | Because of COVID the Charity was unable to perform in public during this period. One successful playday was held in November 2020, which benefited development of the playing members and plans were made for performances in 2021. |
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 Para 1.41 against objectives Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The Charity is solvent and has no outstanding debts. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The Trustees have no policy with regard to reserves. |
| Amount of reserves held | Para 1.22 | The charity had a surplus of £673 at year end. |
| Reasons for holding zero reserves |
Para 1.22 | The Charity has no long-term debts or liabilities that require formal reserves to be held |
| Details of fund materially in deficit |
Para 1.24 | None |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | The Trustees expect the Charity to continue as a going concern during the next financial year. |
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 | Subscriptions |
|---|---|---|
| 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 | Inability to attract audiences and players due to the public health situation. We are planning on the basis that this will improve during the next FY |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | CIO |
| 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, up to a maximum of 12, may be elected by a majority decision of the existing (currently 4) Trustees |
Additional information (optional)
You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
| Charity name | Fidelio CIO |
|---|---|
| Other name the charity uses | |
| Registered charity number | 1190665 |
| Charity’s principal address | 97 Clerkenwell Road, London EC1R 5BX |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Stephen John Gomersall |
Chairman, Trustee | Whole year | Board of Trustees | |
| Stuart George Baran |
Trustee | Whole year | Board of Trustees | |
| RoySimpson | Trustee | Wholeyear | Board of Trustees | |
| Raffaello Morales | Trustee | Wholeyear | Board of Trustees | |
– Corporate trustees names of the directors at the date the report was approved
Director name None
Name of trustees holding title to property belonging to the charity
| Trustee name | Dates acted if not for whole year | |
|---|---|---|
| None | ||
Funds held as custodian trustees on behalf of others
Description of the assets none held in this capacity 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)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
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) Full name(s) Position (eg Secretary, Chair, etc) Date |
||
|---|---|---|
| Stephen John Gomersall | ||
Chair |
||
| 29 March 2022 | ||
| 29 March 2022 |