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2022-03-31-accounts

Axis Web

Charity number 1002841

A company limited by guarantee number 02595018

Annual Report and Financial Statements

for the year ended 31 March 2022

Group's logo

Axis Web

Annual Report and Financial Statements for the year ended 31 March 2022

Contents Page
Trustees' report 2 to 9
Examiner's report 10
Statement of financial activities 11
Balance sheet 12
Notes to the accounts 13 to 18

Prepared by West Yorkshire Community Accountancy Service CIO

1

Axis Web

Trustees' report for the year ended 31 March 2022

Reference and administrative details of the charity, its trustees and advisors

The trustees during the financial year and up to and including the date the report was approved were: Name Position Dates Lisa Stansbie Chair Rupert Wilcox-Baker Deputy Chair Sarah Martin Sue Williams Holly Slingsby Fiona Grady Juan Carlos Candanedo Saez Appointed March 2022 Pamela Newall Appointed June 2022 Laura Nelson-Hamilton Appointed June 2022 Radhika Patel Appointed November 2022 Charity number 1002841 Registered in England and Wales Company number 02595018 Registered in England and Wales Registered and principal address Bankers The Art House National Westminster Bank Plc Drury Lane 8 Park Row Wakefield Leeds WF1 2TE LS1 2TW

Independent examiner

Simon Bostrom FCIE West Yorkshire Community Accountancy Service CIO Stringer House 34 Lupton Street Leeds LS10 2QW

Structure, governance and management

The charity is a company limited by guarantee and was formed on 25 March 1991. It is governed by a memorandum and articles of association as amended by special resolutions dated 17 April 2003, 25 December 2004, 30 November 2006, 20 December 2019 and 8 April 2021. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £1.

Method of recruitment and appointment of trustees

The trustees of the charity are also the directors for the purposes of company law and are appointed by the members at the AGM.

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Trustees' report (continued) for the year ended 31 March 2022

Objectives and activities

The charity's objects

Our Charity's purposes, as set out in the objects contained in the company's memorandum of association, are to:

advance the education of the public by promoting and developing the understanding and appreciations of the visual arts in the United Kingdom,

in particular by extending the influence in and relevance of the visual arts to the community, by creating new opportunities in the visual arts,

by encouraging and facilitating an increase in good practice in the visual arts.

Vision

Sharing the visual arts for a healthier society.

Mission

To empower the beneficiaries we serve - artists and communities - by extending influence, creating opportunity and fostering good practice in the visual arts.

Long term outcomes:

Impact

Axis is an open and inclusive public resource of good practice, underpinned by a diverse, thriving and resilient visual arts community.

Public benefit statement

The Trustees believe that they have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission defying the strategic direction of Axis.

History

Established in 1991, Axis first came into existence as an offshoot of the National Visual Arts Project – an initiative funded by the then Arts Council of Great Britain (now Arts Council of England, Creative Scotland and Arts Council of Wales) and the Calouste Gulbenkian Foundation.

Set up three years earlier in 1988, the original aim of the project was to assist the development of visual arts, crafts, photography, performance and live art. It was designed to serve the needs of practitioners and visual art professionals, as well as offering a national picture of the visual arts through a pioneering computerised bank of information.

When Leeds Polytechnic (now Leeds Beckett University) successfully bid to become the home for the project, a steering group set out the business plan for bringing everything to life. The name Axis – originally standing for Artists eXchange and Information Service – was chosen. Once a board of directors and trustees was in place, Axis was designated a resource of national strategic importance by the Arts Council.

In the 1990’s as an information service, as well as developing its computerised database of artists, Axis soon became very active in collating and producing information on arts organisations, promoting networking and playing a leading role in consideration of copyright issues around the storage and dissemination of artists’ images.

An ambitious brief, it took five years to develop a searchable, relational database and to collate a sufficient volume and quality of information to go public. In 1998, Axis launched the first searchable artists’ database online.

3

Axis Web

Trustees' report (continued) for the year ended 31 March 2022

The charity's main activities 2022

Today Axis has become a caring network for artists. As an independent Charity, (meaning that we operate without the need of public subsidy) we:

Achievements and performance - Review of activities 1 April 2021 to 31 March 2022

2021/22 has been a year of continued growth and development at Axis. The pandemic has shown how our sustainability is bound up with the resilience of our members and their livelihoods. To protect what we have achieved so far and to create the world we want to see we focused our endeavours on a supportive programme for a healthy artists-led sector. As Axis continued to serve members, artists and audiences nationwide and globally through our online platforms, some of our achievements have been:

Digital Residency and Micro-Commissions

Across all activities, the programme has been considered and negotiated as to the conditions faced by our members and audiences.

As part of our digital artists residency programme we commissioned three artists - Kim Coleman and Jenny Hogarth, and Jaron Hill.

Kim Coleman and Jenny Hogarth, commission supported a new work The Mechanics of Love, prequel and a response to ‘If You Can’t See My Mirrors I Can’t See You’ (IYCSMMICSY), a video co-authored by the artists ten years ago. In December 2021, an exclusive video stream of the new work was made available to Axis members and audiences, accompanied by a commissioned essay by Philomena Epps and Octavia Bright.

During February we showcased Greetings From The Sick Bed by Jaron Hill, a collection of works that include photography, poetry, and music. This collection is also accompanied by an additional poem by the artist Wolfie Wright.

Our Micro-Commission programme supported six artists Kiara Mohamed and Niloo Sharifi, Ro Hardaker, Sam Williams, and Moa Johansson and An*dre Neely.

4

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Trustees' report (continued) for the year ended 31 March 2022

Digital Residency and Micro-Commissions continued

Digital Mysticism (DM) is a collaboration between nil00 and Kiara Mohamed. The project was born from an excitable, in-depth conversation about mysticism, conducted during lockdown over iMessage.

Ro Hardaker was supported to present their first live work for 2 years at CLAY (The Centre for Live Art Yorkshire) in August 2021 - where the digital commission has bled into what will be a non-digital event.

Sam Williams A Soft Landing, is an online resource inspired by the activity of communal gardens and city allotments. It is a space where volunteers are invited to share, learn, contribute and care for themselves and others, through the sharing of material that could be used for nourishment, growth, pleasure, education or healing.

In their commission Moa Johansson and An*dre Neely reimagined ways of finding togetherness in the digital through resisting big-tech corporations and exploring the creative possibilities/restrictions of decentralised, open-source platforms.

Vacant Space - Making underused spaces work for artists and the community.

We continued our ongoing collaboration with artists, artist-led groups and commercial landlords across the country to facilitate artists using empty commercial properties. Running 20 spaces on the highstreet in Barnsley, Bradford, Bournemouth, Bootle, Cardiff, Carmarthenshire, Doncaster, Hastings, Huddersfield, Hull, Guildford, Middlesbrough, Newark, Sunderland and Workington.

Example projects supported via Vacant Space include:

Bootle Space - Members of The Royal Standard, Art in Liverpool, and Liverpool John Moores University are working collaboratively to run projects within a large M&S unit. Activities include exhibitions, talks, and recorded concerts which have been broadcast online.

Hull - HARI (Hull Artist Research Initiative) aims to address gaps in Hull’s contemporary visual art sector and the lack of paid opportunities for regional artists to commit dedicated time to their practice.

Middlesbrough - Community Connectors are a grassroots collective of artists and activists who aim to provide activities and networking opportunities for the local community. To date they have run community arts sessions, skill-sharing workshops, 'world-café' style events, public living rooms and participatory art pieces within the space.

Cardiff - tactileBOSCH opened Night Skool at the Lounge which offers immersive drawing and printing classes, feedback sessions for younger artists and masterclasses in performance and time based practice.

Audiences, The Directory and Curating

The Directory of artists continued to evolve and showcased the work of 3,000 artists. Visitors to the website are offered routes to experience and explore contemporary art. In addition, our curated programme of Five2Watch and Highlights released weekly on social media showcased thematic collections of artists work and accessible starting points for visitors to engage with artists' work. Over 500 artists' work were featured, with visits to the directory over 300,000.

Digital Events Programme

Following the success of our ‘occasional’ events during 20/21 we expanded our offering by running 15 public events, with the aim of adding value to our member offer and building visibility for artists and their projects to a wider audience.

5

Axis Web

Trustees' report (continued) for the year ended 31 March 2022

Digital Events Programme continued

Events included:

In January we launched our first full season, Mental Health for Artists, which comprised 4 events:

Events in the Mental Health strand proved extremely popular with over 3,000 participants across the programme.

Feedback included:

“The Axis Mental Health sessions are so good!”

“What an absolutely amazing, inspiring and motivating talk…This was SO good!” “Thanks Axis and Daniel for a soothing and stimulating workshop. Loved it!”

Building on the success of the initial month-long season, Axis has committed to make Mental Health for Artists an ongoing strand in 2022 as part of our commitment to artist wellbeing.

Artists Films

In 2022, we launched the Axis Viewing Room, a dedicated exhibition space for artists commissioned by Axis. The first event in the Viewing Room was The Mechanics of Love, a discussion between artists Kim Coleman and Jenny Hogarth and Dr Rachel Warriner. The second event was by Jaron Hill, titled Greetings from the Sick Bed.

In March 2022 we also launched our YouTube video series, What do Axis Artists Do All Day?, borrowing from the BBC TV programme of a similar name. Planned as a series of four videos in 2022, its aim is to shine a spotlight on some of our highest-profile artist members, as a successor to our long-running ‘Artist of the Month’ web feature. Our first artist was Alice Chandler, followed by Emily Speed.

Learning and supporting emerging artists

Tailored to help recent graduates and early career artists to get the support and exposure they need, our graduate programme is part-funded by participating universities and designed to help new artists reach the wider community through our online platforms.

6

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Trustees' report (continued) for the year ended 31 March 2022

Learning and supporting emerging artists

In 21/22 with graduates from Arts University Bournemouth, Swansea College of Art, Norwich University and York St John. We developed a strong network of artist tutors and mentors including Sean Roy Parker, Lisa Marie Dickinson, Emily Speed, Lucy Webster, Taneesha Ahmed, Roo Dhissou, Lucy Wright, Mary Cork, Lydia Blakely, Lindsey Mendick and Guy Oliver, and Karanjit Panesar.

We supported 170 third year / graduates.

At the culmination of the graduate programme, an online exhibition was held, with five participating artists selected from the cohort.

"It's been really helpful to have access to Axis's resources and constant support through their membership network. It couldn't have come at a better time, post-graduation and in the middle of the pandemic. "

Social Works? 2 Publication

In September 2022 we released our long-awaited journal of social practice, Social Works? 2. Although the impacts of Covid-19 weigh heavily in many of the articles in the issue, this was not specifically a pandemicthemed edition. The previous 18 months witnessed the powerful resurgence of the Black Lives Matter movement, government back-pedalling on trans rights and the continued spectre of male violence, among other injustices. We cast the net very wide when calling for article submissions, receiving a huge number of really high-quality proposals that deal with a range of topics. Because of the sheer number of very worthy pieces, we decided to offer both print and digital edits of the journal this time around, each offering a carefully curated selection of writings and contributions from artists working in and with ‘the social’.

We commissioned 33 contributions Anneka French, Hannah Gaunt / The Turnpike, Anahi Saravia Herrera, Sophie Huckfield, Sarah Jury, Lucy Lound, Dana Olarescu, Gavin Rogers, Alix Rothnie, Melody Sproates, Kenn Taylor, Madinah Thompson, Georgina Tyson ,Ailie Rutherford, Ashokkumar Mistry, Christie Chan, Dan Russell + Lady Kitt, Denise Laura Baker, Dot Jia, Harvey Dimond, Kerry Harker, Kwinnie Lê, Laura Plant, Lena Chen, Lexa Walsh, Martin Lucas + Susannah Silver, Morvern Odling, Paul Drury-Bradey, Rachael Disbury + Sophie Lindsey and Sophie Ruigrok.

A digital launch event was held in November 2022, with live readings from Anahi Saravia Herrera, Madinah Thompson, Georgina Tyson, Denise Laura Baker, Lena Chen and Kerry Harker.

SAFEDI - Social Art for Equality, Diversity & Inclusion

A Fellowship project funded by the Arts & Humanities Research Council. As part of our commitment to equitable access to the arts and supporting artists, Axis was lead partner alongside researchers at Manchester Metropolitan University School of Art and artists through Social Art Network (SAN). We commissioned six artist-led projects to work with people who have been marginalised from visual arts organisations, to collaborate, create artwork, and explore these works with arts partners, to create policy change, better suit people who have been excluded in the past.

The six commissions involved:

7

Axis Web

Trustees' report (continued) for the year ended 31 March 2022

Trustee Recruitment

Following a trustee recruitment campaign in the early part of 2022, we were delighted to welcome four new trustees, JC Candanedo, Pam Newall, Laura Nelson-Hamilton, and Radhika Patel bringing our total number of trustees to ten.

Partnerships

Partnerships have contributed significantly to Axis’s impact and resilience during the year.

Through partnerships, Axis has been a leader working nationally, to facilitate the creation of networks of mutual support and enable artist-led initiatives. Among our partners are SAN (Social Art Network), whose programme and ambitions align with those of Axis.

What’s next?

Going forward our strategy sharpens our focus on priorities that recognises the tensions and struggles around the need for alternative and inclusive support structures that empower and support artists and those with ambitions to become artists, considers the impact of legacy and creates the space for progressive relationships across society.

Over the course of this year we will aim to deliver on the strategy by engaging in activities involving advocacy, innovation and capacity building.

Financial review

The net expenditure for the year was £5,349,all relating to unrestricted funds.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £203,436.

Axis operates a public service platform, providing services, for example operating a membership and managing a portfolio of between 15 to 25 properties.

The Trustees have established a General Reserves Policy for the following reasons:

The amount deemed appropriate by the Trustees would provide 6-12 months operational resources.

In line with our Reserves Policy, the Trustees aim for reserves of £110,000 to £220,000.

Consideration of Risks

8

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Trustees' report (continued) for the year ended 31 March 2022

Statement of trustees' responsibilities

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and apply them consistently;

observe the methods and principles in the Charities SORP;

make judgements and estimates that are reasonable and prudent;

state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

prepare the accounts on a going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

Signed on behalf of the board of trustees on 19/12/2022

Lisa Stansbie (Trustee)

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Independent examiner's report to the trustees of Axis Web

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022, which are set out on pages 11 to 18.

Responsibilities and basis of report

As the charity's trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the charitable company's gross income exceeded £250,000 your examiner must be a fellow of a body listed in section 145 of the 2011 Act.

I confirm that I am qualified to undertake the examination because I am a fellow of ACIE which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Simon Bostrom FCIE

19/12/2022

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

10

Axis Web

Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2022

Notes
2022
Unrestricted
funds
£
Income from:
Grants and donations
(2)
138,870
Members subscriptions
155,728
Digital programme income
4,440
Income from group undertakings
1,408
Bank interest
29
In kind admin support
-
Total income
300,475
Expenditure on:
Salaries and NI
(3)
103,525
Vacant spaces costs
72,763
Insurance scheme for members
23,332
Artists fees, commissions and projects
45,388
Artists bursaries
400
Marketing
7,900
Platform and programme
38,493
Office premises costs
-
Charity insurance
1,491
Travel and subsistence
156
Book keeping
1,200
Bank charges
5,144
Computer expenses
-
Governance costs
1,900
Legal and professional
1,102
Independent examination
1,000
Depreciation
1,479
Staff development
551
In kind admin support
-
Total expenditure
305,824
Net income / (expenditure)
(5,349)
Fund balances brought forward
209,722
Fund balances carried forward
(4)
204,373		 2022
Restricted
funds
£
25,027
-
-
-
-
22,300
47,327
-
-
-
24,129
-
-
463
-
-
435
-
-
-
-
-
-
-
22,300
47,327
-
-
-		 2022
Total
funds
£
163,897
155,728
4,440
1,408
29
22,300
347,802
103,525
72,763
23,332
69,517
400
7,900
38,956
-
1,491
591
1,200
5,144
1,900
1,102
1,000
1,479
551
22,300
353,151
(5,349)
209,722
204,373		 2021
Total
funds
£
199,576
117,943
-
6,091
126
-
323,736
105,381
41,569
21,791
65,682
8,213
3,912
16,228
1,542
2,381
-
1,176
679
43
1,400
1,060
1,000
1,181
754
-
273,992
49,744
159,978
209,722

All incoming resources and resources expended derive from continuing activities.

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Balance sheet

as at 31 March 2022
2022
Unrestricted
£
Fixed assets
Tangible assets
(5)
936
Investments
(6)
1
Total fixed assets
937
Current assets
Debtors and prepayments
(7)
2,557
Cash at bank
316,615
Total current assets
319,172
Current liabilities:
amounts falling due within one year
Creditors and accruals
(8)
115,736
Total current liabilities
115,736
Net current assets / (liabilities)
203,436
Net assets
204,373
Funds
Unrestricted funds
204,373
Restricted funds
-
Total funds
204,373		 2022
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 2022
Total
£
936
1
937
2,557
316,615
319,172
115,736
115,736
203,436
204,373
204,373
-
204,373		 2021
Total
£
1,520
1
1,521
13,677
309,762
323,439
115,238
115,238
208,201
209,722
209,722
-
209,722

For the year ending 31 March 2022 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 476. The trustees (who also the directors for the purposes of company law) acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime and with FRS 102 (effective January 2019).

The financial statements were approved by the board of trustees on 19/12/2022

Lisa Stansbie (Trustee)

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Notes to the accounts

for the year ended 31 March 2022

1 Accounting policies

Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years.

Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to the resources, it is more likely than not that the trustees will receive the resources and the monetary value can be measured with sufficient reliability.

Grants and donations

Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Where grants are related to performance and specific deliverables, they are accounted for as the charity earns the right to consideration by its performance.

Donated assets, facilities or services are valued at their estimated value to the charity. This is the price that the charity estimates it would pay in the open market for equivalent items; or services and facilities of equivalent utility to the charity.

Investments

Investments are stated at market value at the balance sheet date. The SOFA includes the net gains and losses arising on revaluations and disposals throughout the year.

Expenditure and liabilities

Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.

Taxation

As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

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Notes to the accounts

for the year ended 31 March 2022

1 Accounting policies continued

Tangible fixed assets

Tangible fixed assets costing more than £500 are capitalised and included at cost including any incidental expenses of acquisition. Gifted assets are shown at the value to the charity on receipt. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows: Fixtures, fittings and equipment: over 3 years

Pensions

The charity operates a defined contribution scheme for the benefit of its employees. The costs of contributions are recognised in the year they are payable.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

Leases

Rents under operating leases are charged on a straight line basis over the lease term or to an earlier date if the lease can be determined without financial penalty.

14

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Notes to the accounts continued

for the year ended 31 March 2022

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |2|Grants and donations|2022|2022|2022|2021| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |£|£|£|£| |-| |Donations in relation to space for artists|138,870|138,870|79,331| |-|-| |Manchester Metropolitan University (MMU)|25,027|25,027| |-|-|-| |Arts Council England|35,000| |-|-|-| |Barnsley Metropolitan Borough Council|25,000| |Cardiff Council|-|-|-|25,000| |-|-|-| |Sunderland City Council|25,000| |The Art Fund|-|-|-|10,000| |General donations|-|-|-|245| |138,870|25,027|163,897|199,576|

----- End of picture text -----

The charity leases otherwise vacant properties at a peppercorn rent from a number of landlords. The charity pays rates and sometimes utilities for the properties. The landlords donate funds to cover these costs and those sums are what is shown here. From time to time landlords and artists make voluntary donations to support the charitable activity of Axisweb.

----- Start of picture text -----
||||| |---|---|---|---| |3|Staff costs and numbers|2022|2021| |£|£| |Gross salaries|93,142|95,738| |Social security costs|6,863|2,288| |Employment allowance|(4,000)|7,355| |Pensions|7,520| |103,525|105,381|

----- End of picture text -----

The average number of employees during the year was 4.9, being an average of 3.6 full time equivalent (2021: 5.5, 3.9 FTE). There were no employees with emoluments above £60,000.

----- Start of picture text -----
|||| |---|---|---| |Defined contribution pension scheme|2022|2021| |£|£| |Costs of the scheme to the charity for the year|7,520|7,355| |Amount of any contributions outstanding at the year end|821|797|

----- End of picture text -----

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |4|Restricted funds|Balance b/f|Incoming|Outgoing|Transfers|Balance c/f| |£|£|£|£|£| |-|-|-| |MMU SAFEDI project|44,327|44,327| |-|-|-| |MMU SAFEDI project|3,000|3,000| |-|-|-| |47,327|47,327|

----- End of picture text -----

Fund name

MMU SAFEDI project

MMU SAFEDI project

Purpose of restriction

Social Artists for Equality, Diversity and Inclusion (SAFEDI) research project. Working with six artists and communities to influence and inform policy makers to understand barriers of underrepresented people face around access to culture and creativity. The grant was a combination of £22,000 cash funds and £22,300 in kind support from MMU in respect of admin, marketing and technical.

Towards the creation of a journal to supplement the SAFEDI project.

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Notes to the accounts continued

for the year ended 31 March 2022

5
6
7
**8 **		 Tangible assets
Cost
At 1 April 2021
Additions
At 31 March 2022
Depreciation
At 1 April 2021
Charge for year
At 31 March 2022
Net book value
At 31 March 2022
At 31 March 2021
Fixed assets investments
Balance b/f
Additions
(Disposals)
Gain / (loss) on revaluation
Total
Debtors and prepayments
Debtors
Amounts owed by subsidiary company
Prepayments
Accrued income
Other debtors
Creditors and accruals
Creditors
Accruals
Deferred income (see note below for analysis)
Taxation and social security
Other creditors		 2022
Shares in
subsidiary
£
1
-
-
-
1		 £
43,588
895
44,483
42,068
1,479
43,547
936
1,520
2022
Total
£
1
-
-
-
1
2022
£
-
1,457
-
1,000
100
2,557
2022
£
596
37,296
66,168
9,400
2,276
115,736
Fixtures,
fittings &
i
t		 Total
£
43,588
895
44,483
42,068
1,479
43,547
936
1,520
2021
Total
£
1
-
-
-
1
2021
£
-
7,141
1,936
4,500
100
13,677
2021
£
3,960
37,450
65,150
7,435
1,243
115,238

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Notes to the accounts continued

for the year ended 31 March 2022

9 Related party transactions

Trustee expenses

No trustee received any expenses during this year or the previous year.

Trustee remuneration and benefits

No trustee received any remuneration or benefit during this or the previous year.

Other related party transactions
Holly Slingsby
Allowance for trustee board meeting attendance
Fiona Grady
Allowance for trustee board meeting attendance		 2022
£
1,100
800
1,400		 2021
£
600
800
1,600

Legal authority for the payment

The legal authority for the payment is via a provision within the charity's governing document.

Remuneration and benefits received by key management personnel

The total employee benefits received were £43,860 (previous year: £42,359).

No trustee received any remuneration or benefit in this capacity during this or the previous year.

At the balance sheet date the Charity was owed £1,457 (2021: £7,141) by Axis Web Development Limited (a wholly owned subsidiary company) which is included within debtors. Salary recharges of £250 were payable to the charity by the subsidiary company in the year (2021: £750).

17

Axis Web

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2022

2022
2021
Unrestricted Unrestricted
funds
funds
£
£
Income
Grants and donations
138,870
154,576
Members subscriptions
155,728
117,943
Digital programme income
4,440
-
Income from group undertakings
1,408
6,091
Bank interest
29
126
In kind admin support
-
-
Total income
300,475
278,736
Expenditure
Salaries and NI
103,525
105,381
Vacant spaces costs
72,763
41,569
Insurance scheme for members
23,332
21,791
Artists fees, commissions, projects
45,388
20,682
Artists bursaries
400
8,213
Marketing
7,900
3,912
Platform and programme
38,493
16,228
Office premises costs
-
1,542
Charity insurance
1,491
2,381
Travel and subsistence
156
-
Book keeping
1,200
1,176
Bank charges
5,144
679
Computer expenses
-
43
Governance costs
1,900
1,400
Legal and professional
1,102
1,060
Independent examination
1,000
1,000
Depreciation
1,479
1,181
Staff development
551
754
In kind admin support
-
-
Total expenditure
305,824
228,992
Net income / (expenditure)
(5,349)
49,744
Fund balances brought forward
209,722
159,978
Fund balances carried forward
204,373
209,722		 2022
Restricted
funds
£
25,027
-
-
-
-
22,300
47,327
-
-
-
24,129
-
-
463
-
-
435
-
-
-
-
-
-
-
-
22,300
47,327
-
-
-		 2021
Restricted
funds
£
45,000
-
-
-
-
-
45,000
-
-
-
45,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
45,000
-
-
-		 2022
Total
funds
£
163,897
155,728
4,440
1,408
29
22,300
347,802
103,525
72,763
23,332
69,517
400
7,900
38,956
-
1,491
591
1,200
5,144
-
1,900
1,102
1,000
1,479
551
22,300
353,151
(5,349)
209,722
204,373		 2021
Total
funds
£
199,576
117,943
-
6,091
126
-
323,736
105,381
41,569
21,791
65,682
8,213
3,912
16,228
1,542
2,381
-
1,176
679
43
1,400
1,060
1,000
1,181
754
-
273,992
49,744
159,978
209,722

18