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2023-03-31-accounts

Axis Web

Charity number 1002841

A company limited by guarantee number 02595018

Annual Report and Financial Statements

for the year ended 31 March 2023

Axis Web

Annual Report and Financial Statements for the year ended 31 March 2023

Contents Page
Trustees' report 2 to 10
Examiner's report 11
Statement of financial activities 12
Balance sheet 13
Notes to the accounts 14 to 19

Prepared by West Yorkshire Community Accountancy Service CIO

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Trustees' report for the year ended 31 March 2023

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 Resigned December 2022 Sue Williams Holly Slingsby Fiona Grady Juan Carlos Candanedo Saez Pamela Newall Appointed June 2022 Laura Nelson Appointed June 2022 Radhika Patel Appointed November 2022 Diana Ali Appointed July 2023 Edwin Colyer Appointed July 2023 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 2023

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

Our vision is the sharing of the visual arts for a healthier society.

Mission

Our mission is to empower the beneficiaries we serve - artists and communities - by responding to their needs in an ever changing world.

We do this through:

Public benefit statement

In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.

Achievements and performance

A Year of Support and Growth

Welcome to our yearly look-back. It's a chance to reflect on a year where our solid dedication to contemporary visual art and artists turned into fresh ideas, growth, and deep connections within our community.

This year, our work was rewarded with a 20% growth in membership. That's not just a number; it shows the trust and worth that artists and creative freelancers find in our charity.

Our members' voices guide us, and our yearly survey helped us understand their specific experiences and hopes. The lessons learned are shaping our future, leading us to even more meaningful help and involvement.

We launched our own Community Platform, a lively hub made to build real connections and support among artists. It's a dynamic reflection of our commitment to making places where artists thrive.

Our Axis Graduate Programme has been key in guiding new graduates as they start their artistic careers, giving tailored content, mentorships, and chances to show their work.

We've boosted our public engagement, offering rich experiences of contemporary visual art. Popular strands like the Public Events Programme and "What do Axis Artists do all day?" film series have helped to widen access and appreciation of the work our members do.

We've also helped about 100 artists and their projects breathe life into 17 empty commercial properties across England and Wales.

3

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Trustees' report (continued) for the year ended 31 March 2023

Achievements and performance continued

Our Social Works? Journal continues to be a bright light of exploration and smart talk, building bridges between the worlds of academia and practice.

Together, these efforts have woven a year filled with success, learning, and growth. As we look to the future, we stay committed to nurturing, engaging, and celebrating the world of contemporary visual arts.

Understanding Our Members

This year, we worked hard to deepen our connection with our members. We designed and sent out a tailored survey, capturing valuable feedback. This effort went beyond just gathering data, it opened doors to rich insights.

We learned our members value collaboration, sharing, and community. They want platforms that match their unique interests and connections that go beyond mere networking.

These insights guided our actions and inspired us to think creatively and act with empathy.

Shaping the Future

The feedback was overwhelmingly positive. Axis is celebrated as a leader in artist support, offering a wide range of opportunities. What excited us the most was the enthusiasm for our user-friendly community platform. Our members see potential, and so do we.

These insights are sparks for change. They're shaping our plans, fine-tuning our platforms, and driving us to innovate. By listening to our members, we've found a roadmap to a future filled with exciting opportunities and even stronger community connections.

Community Platform Development and Launch: A Space for Artists, by Artists

Artists thrive on connection, collaboration, and community. Recognising this, we started a mission to build real connections among our members, beyond the limits of ordinary social media.

This year, we proudly launched our bespoke Community platform, carefully designed with features that directly meet the needs of artists. These include online member meet-ups, one-to-one mentoring, and tailored in-feed prompts to spark conversation and debate.

This platform is a commitment to fostering real interactions, collaborations, and engagements among artists. It's a lively hub, vibrant with creativity and connection, and tuned to the special frequencies of the artistic community.

The Community platform is quickly becoming an essential hub for our members. Early responses were overwhelmingly positive, with more people joining than we expected. Feedback from members reflects the impact:

"It feels that extra mile that's important for a deeper connection once we choose to join a platform like Axis."

Our platform, along with our attentive approach, keeps solidifying our reputation as 'the small arts organisation that cares.' At the core of our charity's mission is the principle of listening to our members. This year marked a big step in boosting our engagement, helping us connect more deeply with artists and support their professional growth.

Connecting Artists and Audiences: The Axis Directory

Our journey is about bridging the gap between artists and audiences.

The Axis Directory is a platform for discovery and engagement, not just a list of artists. It's where audiences find inspiration, curators discover new talents, and artists gain exposure. It's a changing space that makes sure artists' work is open to a wide audience.

4

Axis Web

Trustees' report (continued) for the year ended 31 March 2023

Achievements and performance continued

Experiencing Art: A Journey of Exploration and Engagement

Our structured routes across our platforms let visitors explore and experience contemporary visual art. From community galleries to interactive showcases, we've turned browsing into an artistic adventure.

Our commitment to curating the art experience even goes into social media. Weekly releases of curated programmes, like Five2Watch and Highlights, have become awaited events, offering fresh perspectives and new discoveries.

The impact of these efforts is both inspiring and humbling. Over 500 artists' work has been featured, showing the diversity and depth of talent within our membership. But numbers only tell part of the story. The impressive 300,000+ visits to the directory are not just clicks; they're connections.

It's proof that art can captivate and inspire. And it's a reminder that our role as curators, connectors, and supporters of art is more vital than ever.

What Do Axis Artists Do All Day? A Journey into Artists' Lives

Art has many sides. To truly appreciate its depth, one must delve into the lives of the artists who breathe life into it. With this in mind, we embarked on a journey to reveal the daily practices, inspirations, and challenges faced by artists on Axis.

This year, we continued the film series "What Do Axis Artists Do All Day?" offering an intimate and candid look at the varied and profound journeys of contemporary visual artists. This initiative aimed to make art more open and relatable to viewers.

Films made include:

Coupled with interactive social media content, the series helps break down barriers between artists and audiences and foster a richer understanding of contemporary visual art.

Public Events Programme: Engaging the Wider Community in Contemporary Visual Art

Our public events programme is quickly becoming a key part of our outreach and community engagement. This year, we've taken it to new heights, with a range of events designed to engage, educate, and inspire.

From insightful talks and workshops to interactive exhibitions, our events have covered a wide spectrum of topics and mediums. We've worked with top artists, curators, and educators, creating a rich tapestry of experiences that resonate with both seasoned and new artists.

Our goal has always been to make art open and enjoyable for all, and this year's programme proves our commitment. We've seen record attendance, eager participation, and glowing feedback, reflecting the success and impact of our carefully chosen events.

The events have not only showcased incredible talent but also built a sense of community and connection. They've been places for dialogue, exploration, and creativity, nurturing a culture that celebrates art in all its forms.

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Trustees' report (continued) for the year ended 31 March 2023

Achievements and performance continued

Our event seasons included:

The response from our community has been overwhelmingly positive:

"What a rich, inspiring and thought-provoking event!"

"So informative, really useful."

Vacant Space: Breathing Life into Dormant Places

Our objective is to repurpose empty commercial properties for creative use, giving artists unique spaces to develop and showcase their work. We don’t just fill a space, it's about breathing life into dormant areas, turning them into thriving centres of art and community.

Vacant Space is a keystone initiative that links our charitable goals with the urgent need to use empty commercial spaces productively. It's our mission to infuse life and creativity into places left behind.

We supported artists in projects across various locations in England and Wales, including Bootle (Liverpool), Cardiff, Middlesbrough, Guildford, Hastings, Newark, Hull, Bournemouth, Barnsley, Bradford, and Sunderland. These weren't just exhibitions; they were transformations, turning vacant commercial properties into bustling hubs of creativity and community involvement.

The impact has been deep and far-reaching. This initiative has served as a dynamic platform, supporting over 100 artists during the year, but it's also done something even more remarkable. It has revitalised spaces across multiple locations, enriching local communities that now interact with these artistic expressions. Vacant spaces have become lively places, filled with creativity, conversation, and connection.

What started as an ambition to support and nurture artists and increase public engagement outside traditional art spaces has become a movement, a celebration of art's power to rejuvenate, inspire, and unite.

Axis Graduate Programme: Guiding the Transition from Academia to Arts Practice

Transitioning from academia to professional arts practice is a key journey filled with opportunities and challenges. With the Axis Graduate Programme, we sought to provide a guiding light, creating an innovative artist-led initiative tailored to bolster recent graduates as they embark on their artistic careers.

Led by artist Harlan Whittingham from the Axis team, the programme spanned 13 enriching weeks, immersing graduates in talks, mentoring sessions, and insights. Experienced artists and art professionals such as Daniel O'Dempsey, Cem A AKA @freeze_magazine, Rózsa Farkas of Arcadia Missa, and others contributed their expertise.

At the end, there was a unique opportunity for graduates to have their first taste of the real world with an Axis funded group exhibition at The Royal Standard in Liverpool. This exhibition showcased their work and served as a tangible testament to their creativity and determination.

We were proud to join forces with renowned institutions including Arts University Bournemouth, Manchester School of Art, Swansea School of Art, Norwich School of Art, York St John University, and Leeds Beckett University, enhancing the programme's success.

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Trustees' report (continued) for the year ended 31 March 2023

Achievements and performance continued

Championing Social Art: Equality, Diversity, and Inclusion

Art has the power to transcend boundaries, spark conversations, and champion causes. This year, we've been driven by a deep desire to understand, advocate, and highlight the role of social art in championing Equality, Diversity, and Inclusion (EDI).

Social Works? Issue 3, edited by Lucy Wright and Special Issue Co-editor, R. M Sánchez-Camus, stands as a testament to the vibrant and diverse landscape of social art practice in the UK and beyond. Featuring contributions from artists including Adi Lerer, Anna Francis, Emma Lilwall, and many others, this journal serves as an inspiration and guide for anyone embarking on their own journey towards Equality, Diversity, and Inclusion.

This special issue, born out of our initiative 'Social Artists for Equality, Diversity and Inclusion' (SAFEDI), in collaboration with Manchester Metropolitan University and Social Art Network, is more than a publication; it's a living testament to the potential of social art. The content spans a vast spectrum of social practice, from highlighting the work of BME artists to disability activism, and from artistic interventions in the justice system to projects in under-resourced neighbourhoods.

These efforts have ignited passions, inspired actions, and seek to lay the foundation for a more inclusive artistic landscape. Together with our collaborators and contributors, we've taken a step towards a future where art is not just a medium of expression but a catalyst for equality and positive change.

Social ARTery 2.0: A Seamless Blend of Physical and Digital Engagement

In an ever-connected world where physical and digital realms intertwine, "Social ARTery 2.0" embarked on a pioneering journey to explore this seamless convergence, championing innovation, inclusivity, and diverse community engagement.

The core of the initiative was the Phygital Artist Commissions, where seven artists immersed themselves in their designated communities, leading to groundbreaking projects. From HARI / Hull Artist Research Initiative steered by Sarah Pennington and Thomas Robinson to artists Simon Hall, Pamela Crowe, Jose Garcia Oliva, and Amy Lawrence.

Peer Learning & Mentoring became a catalyst of the project, nurturing the creativity and learning of the commissioned artists. Digital participation specialist John Whall and Lead Artist/Creative Producer R.M. Sánchez-Camus provided mentorship and guidance, ensuring success and resonance.

The Digital Symposium Series opened new doors, commissioning ten artists to present online exhibitions, interactive webinars, and more. It even allowed 20 recent graduates to curate an interactive exhibition in GatherTown, breaking conventional boundaries.

Resources were no less vital. From the "Working Phygitally" guide to comprehensive streaming guidelines and detailed case studies, a treasure trove of knowledge was curated, enriching the phygital landscape.

The Social Art Network (SAN) Development was a key pillar, extending support to the Social Art Network. Organising a Social Art Assembly in Brighton, streamed online, and commissioning Milica Milosevic as the Development Lead, were steps in forging a robust network.

At the helm of Evaluation and Learning was Dr. Ria Poole, adopting an intrinsic evaluation methodology that fostered continuous reflection and adaptive learning, ensuring that the project's legacy feeds into future initiatives.

In the end, "Social ARTery 2.0" was more than a project; it laid a foundation for the future of phygital art, a testament to what's possible when creativity knows no bounds.

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Axis Web

Trustees' report (continued) for the year ended 31 March 2023

Achievements and performance continued

Welcoming Our New Trustees and Expressing Gratitude

As we continue to champion contemporary visual art and community engagement, the insights and dedication of our leadership team remain essential. This year, we are elated to introduce three distinguished individuals to our Board of Trustees: Radhika Patel, Pam Newall, and Laura Nelson. Each of them brings a unique blend of professional expertise and passion for the arts, reinforcing our charity's commitment to excellence and innovation.

As we warmly welcome our new trustees, we also take a moment to express our deepest gratitude to Sarah Martin. Sarah's tenure with us has been marked by steadfast dedication and a commitment to excellence. Her invaluable contributions have laid down strong foundations, and her legacy will resonate in our future achievements.

Charting Our Path Forward: A Vision of Connection, Creativity, and Celebration

As we reflect upon our journey and the impactful initiatives undertaken, we're also looking eagerly to the horizon, contemplating what the future holds for Axis and our vibrant community.

Our overarching vision is to foster an enriched environment where artists feel supported and audiences are engaged. The road ahead is marked with three pivotal goals:

The impact we aim for is expansive. We envision a connected community where artists are empowered, their works gain unparalleled visibility, and audiences have enriched access to the world of contemporary visual arts. Key to this vision are our strategic priorities:

In the upcoming year, our focus will be accentuated by key initiatives: embracing technological advancements, spotlighting diverse artistic narratives, broadening audience engagement avenues, and fostering collaborations. From showcasing artist brilliance to facilitating artistic endeavours, our roadmap is filled with promise and opportunity.

We're also dedicated to continuous learning and feedback. Regular engagements with our community will ensure we're in sync with their visions, helping us shape a future reflective of our collective aspirations.

Lastly, our team is our strength. Ensuring their growth and well-being remains paramount, as they are the backbone of every initiative and the heralds of Axis's ethos.

The journey ahead is promising, and with the continued support of our community, we're confident of crafting narratives that resonate, inspire, and celebrate the world of contemporary visual arts.

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Trustees' report (continued) for the year ended 31 March 2023

Financial review

The net income for the year was £46,557, all relating to unrestricted funds.

Reserves policy

The charity's free reserves, excluding fixed assets, at the year end were £249,919.

Axis operates a public service platform, providing services, for example operating a membership and managing a portfolio of between 15 to 20 properties.

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

In line with our Reserves Policy, the Trustees aim for reserves of £134,285 to £259,518.

Consideration of Risks

Determining Reserve Range:

Low-End Reserve (£134,285):

Top-End Reserve (£259,518):

By adopting this two-tier approach, we have the flexibility to adapt to both expected and unexpected changes in our financial landscape.

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Trustees' report (continued) for the year ended 31 March 2023

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.

Approved by the board of trustees on 13/12/2023

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 2023, which are set out on pages 12 to 19.

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

14/12/2023

West Yorkshire Community Accountancy Service CIO

Stringer House 34 Lupton Street Leeds LS10 2QW

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Statement of Financial Activities

(including summary income and expenditure account) for the year ended 31 March 2023

Notes
2023
Unrestricted
funds
£
Income from:
Grants and donations
(2)
205,731
Members subscriptions
177,225
Digital programme income
8,178
Income from group undertakings
158
Bank interest
1,645
In kind admin support
-
Total income
392,937
Expenditure on:
Salaries NI and pensions
(3)
121,702
Vacant spaces costs
103,839
Insurance scheme for members
27,559
Artists fees, commissions and projects
28,675
Artists bursaries
-
Marketing
15,250
Platform and programme
31,963
General admin expenses
515
Charity insurance
1,562
Travel and subsistence
206
Book keeping
1,162
Bank charges
9,186
Computer expenses
183
Governance costs
1,500
Legal and professional
1,035
Independent examination
1,050
Depreciation
993
Staff development
-
In kind admin support
-
Total expenditure
346,380
Net income / (expenditure)
46,557
Fund balances brought forward
204,373
Fund balances carried forward
(4)
250,930		 2023
Restricted
funds
£
59,722
-
-
-
-
-
59,722
-
-
-
41,591
-
-
18,131
-
-
-
-
-
-
-
-
-
-
-
-
59,722
-
-
-		 2023
Total
funds
£
265,453
177,225
8,178
158
1,645
-
452,659
121,702
103,839
27,559
70,266
-
15,250
50,094
515
1,562
206
1,162
9,186
183
1,500
1,035
1,050
993
-
-
406,102
46,557
204,373
250,930		 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

All incoming resources and resources expended derive from continuing activities.

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Balance sheet

as at 31 March 2023
2023
Unrestricted
£
Fixed assets
Tangible assets
(5)
1,010
Investments
(6)
1
Total fixed assets
1,011
Current assets
Stock
-
Debtors and prepayments
(7)
7,530
Cash at bank and in hand
(8)
408,311
Total current assets
415,841
Current liabilities:
amounts falling due within one year
Creditors and accruals
(9)
165,922
Total current liabilities
165,922
Net current assets / (liabilities)
249,919
Net assets
250,930
Funds
Unrestricted funds
250,930
Restricted funds
-
Total funds
250,930		 2023
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 2023
Total
£
1,010
1
1,011
-
7,530
408,311
415,841
165,922
165,922
249,919
250,930
250,930
-
250,930		 2022
Total
£
936
1
937
2,557
316,615
319,172
115,736
115,736
203,436
204,373
204,373
-
204,373

For the year ending 31 March 2023 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 are 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 13/12/2023

Lisa Stansbie (Trustee)

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Notes to the accounts

for the year ended 31 March 2023

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, if 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 2023

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.

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Notes to the accounts continued

for the year ended 31 March 2023

2 Grants and donations
Arts Council England
Donations in relation to space for artists
Manchester Metropolitan University (MMU)
3 Staff costs and numbers
Gross salaries
Social security costs
Employment allowance
Pensions		 2023
Unrestricted
funds
£
-
205,731
-
205,731		 2023
Restricted
funds
£
59,722
-
-
59,722		 2023
Total
funds
£
59,722
205,731
-
265,453
2023
£
109,851
8,873
(5,000)
7,978
121,702		 2022
Total
funds
£
-
138,870
25,027
163,897
2022
£
93,142
6,863
(4,000)
7,520
103,525

The average number of employees during the year was 5, being an average of 4.1 full time equivalent (2022: 4.9, 3.4 FTE). There were no employees with emoluments above £60,000.

Defined contribution pension scheme
2023
2022		 Defined contribution pension scheme
2023
2022
£
£
Costs of the scheme to the charity for the year
7,978
7,520
Amount of any contributions outstanding at the year end
1,153
821
**4 ** Restricted funds Balance b/f
Incoming
Outgoing
Transfers
Balance c/f
Arts Council England £
£
£
£
£
-
59,722
59,722
-
-
-
59,722
59,722
-
-
Fund name Purpose of restriction
Arts Council England The project supports levelling up communities to access the arts both in
person and online simultaneously, testing out various modes of participation
through artist commissioning.

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Notes to the accounts continued

for the year ended 31 March 2023

5
6
7
8
**9 **		 Tangible assets
Cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
Fixed assets investments
Balance b/f
Additions
(Disposals)
Total
Debtors and prepayments
Amounts owed by subsidiary company
Prepayments
Accrued income
Other debtors
Cash at bank and in hand
Cash at bank
Cash in hand
Creditors and accruals
Creditors
Accruals
Memberships received in advance
Other fees received in advance
Taxation and social security
Other creditors		 £
44,483
1,067
45,550
43,547
993
44,540
1,010
936
2023
Shares in
subsidiary
£
1
-
-
1
2023
£
158
300
6,972
100
7,530
2023
£
408,311
-
408,311
2023
£
2,775
66,884
75,801
8,000
10,868
1,594
165,922
Fixtures,
fittings &
i
t		 Total
£
44,483
1,067
45,550
43,547
993
44,540
1,010
936
2022
Shares in
subsidiary
£
1
-
-
1
2022
£
1,457
-
1,000
100
2,557
2022
£
316,615
-
316,615
2022
£
596
37,296
66,168
-
9,400
2,276
115,736

17

Axis Web

Notes to the accounts continued

for the year ended 31 March 2023

10 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 transactions with trustees
Holly Slingsby
Allowance for trustee board meeting attendance
Fiona Grady
Allowance for trustee board meeting attendance		 2023
£
500
800
1,300		 2022
£
1,100
800
1,900

Other related party transactions

At the balance sheet date the Charity was owed £158 (2022: £1,457) by Axis Web Development Limited (a wholly owned subsidiary company) which is included within debtors. There were no other transactions between the two entities during the year (2022: Salary recharges of £250 were payable to the charity).

18

Axis Web

Statement of Financial Activities including comparatives for all funds (including summary income and expenditure account) for the year ended 31 March 2023

2023
2022
Unrestricted Unrestricted
funds
funds
£
£
Income
Grants and donations
205,731
138,870
Members subscriptions
177,225
155,728
Digital programme income
8,178
4,440
Income from group undertakings
158
1,408
Bank interest
1,645
29
In kind admin support
-
-
Total income
392,937
300,475
Expenditure
Salaries NI and pensions
121,702
103,525
Vacant spaces costs
103,839
72,763
Insurance scheme for members
27,559
23,332
Artists fees, commissions, projects
28,675
45,388
Artists bursaries
-
400
Marketing
15,250
7,900
Platform and programme
31,963
38,493
General admin expenses
515
-
Charity insurance
1,562
1,491
Travel and subsistence
206
156
Book keeping
1,162
1,200
Bank charges
9,186
5,144
Computer expenses
183
-
Governance costs
1,500
1,900
Legal and professional
1,035
1,102
Independent examination
1,050
1,000
Depreciation
993
1,479
Staff development
-
551
In kind admin support
-
-
Total expenditure
346,380
305,824
Net income / (expenditure)
46,557
(5,349)
Fund balances brought forward
204,373
209,722
Fund balances carried forward
250,930
204,373		 2023
Restricted
funds
£
59,722
-
-
-
-
-
59,722
-
-
-
41,591
-
-
18,131
-
-
-
-
-
-
-
-
-
-
-
-
59,722
-
-
-		 2022
Restricted
funds
£
25,027
-
-
-
-
22,300
47,327
-
-
-
24,129
-
-
463
-
-
435
-
-
-
-
-
-
-
-
22,300
47,327
-
-
-		 2023
Total
funds
£
265,453
177,225
8,178
158
1,645
-
452,659
121,702
103,839
27,559
70,266
-
15,250
50,094
515
1,562
206
1,162
9,186
183
1,500
1,035
1,050
993
-
-
406,102
46,557
204,373
250,930		 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

19