## **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**|
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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|
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## **Names of the charity trustees who manage the charity**
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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|
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## – 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**|||
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## **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||