REGISTERED COMPANY NUMBER: 02609490 (England and Wales)
REGISTERED CHARITY NUMBER: 1004137
Report of tho Trusta•s and
Audlted Flnanclal Statements
for the Year Ended 31 March 2024
Em•rg•n¢y Exlt Arts
(A Company Llmlted by Guarantee)
Ardor Business Solutions Limited
Statutory Auditors
Chartered Certified Accountants
Unit 1
Shrine Barn
Sandling Road
Hythe
Kent
CT214HE

Emergency Exlt Arts
Contents of the Financtal Statements
for the Year Ended 31 March 2024
Page
Reference and Admlnlstratlve Detalls
Raport of the Trustees
Report of the Independant Audltors
9 to 12
Statement of Flnanclal Actlvltles
13
Stat•mont of FlnanclaS Posltlon
14
Slat•mont of Cash Flows
15
Note8 to the Statement of Cash Flows
16
Notos to the Flnanclal Ststaments
17 to 24
Detalled Statement of Flnan¢lal A¢tlvltl•s
25 to 26

Emergency Exlt Arts
Reference and Administrative Details
for the Year Ended 31 March 2024
TRUSTEES
M Lowde (Co Chair)
Ms M J Wilds {Co Chair)
Ms R Folkes
Ms R Hirani
Ms M V Kinkaid
Dr S Thomas
Ms V Jones (appolnted 13.9.23)
Ms C Forest (resigned 19.6.24)
Ms E J Parkinson (resigned 14.6.23)
Ms D K Segal (resigned 28.3.24)
Ms M C Steiner (resigned 6.12.23)
REGISTERED OFFICE
Rothbury Hall
A20f Street
Greenwich
London
SE10 OEF
REGISTERED COMPANY
NUM8ER
02609490 (England and Wales)
REGISTERED CHARITY
NUMBER
1004137
INDEPENDENT AUDITORS
Ardor Business Solutlons Llmited
Stalutory Auditors
Chartered Certified Accountants
Unil 1
Shrine Barn
Sandling Road
Hythg
Kent
CT214HE
BANKERS
CAF Bank Ltd
25 Kings Hill Avenue
Kings Hill
West Malllng
ME19 4JQ
EXECUTIVE DIRECTOR
Ms J Hodgson
ACCOUNTANTS
Additude Ltd
9 Rhapsody Court
Wakeman Road
London NW10 5DF
Page 1

Emergency Exlt Arts
Report of the Trustees
for tha Year Ended 31 March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2024. The trustees have
adopted the provisions of Accounting and Reporting by Charities: Ststement of Recommended Practice
applicable to 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>.
Formed In 1980. Emergency Exit Arts (EEA) is one of Britain's ploneering national outdoor arts companies,
creating magical experiences in the places where you live. leam, work and play. Whether it's through
promenades, performances or placemaking we reinvigorate communities. glve people voice & challenge the
ordinary.
Page 2

Emergency Exlt Arts
Report of thè Trustees
for the Year Ended 31 March 2024
OBJECTIVES AND ACTMTIES
Aims and Objectives
The Company is established 'to advance education for the public benefit through the promotion of the arts
with particular but not exclusive reference to the performing arts". In furtherance of these objects the
Directors. as charity trustees, have complied with the duty in s.17 (5) of the Charities Act 2011 to have due
regard to the Charity Commission's published 9uidance conceming the interpretation of the Public Benefit
requirement under that Act
The Company works to a three-year strategic plan 2023-2026. The plan maintalns and expands the Vlsion.
Mission and Ethos. In October 2022 EEA was delighted to be awarded a further three years funding by Arts
Council England's NPO (National Portfolio Organisation) thereby securing funding to help cover core costs
until 2026. In 2023 EEA was delighted to be awarded four years of Voluntary and Community Sector funding
from Royal Borough of Greenwich to build stronger connections wlth the Community in East Greenwich.
Vlslon
Enrlchlng people's lives through cre8tlvity.
Mlsslon
Our mission is to enrich people's Ilves and empower communitles to flourlsh. We achleve this by producing
dynamic art that sparks awe-lnspiring creativity. We do this by:
1. Helping people and places unlock their creative potential We ernpower individuals and communities to
discover their artistic volces. Through workshops, collaborations, and co-creation, we Ignite creativlty,
fostering self-expression and imaginatlon.
2. Producing our own awe-lnspiring art in publiG spaces - Our work extends beyond Conventlonal galleries.
We transform streets, parks, and squares into captivating stages. Our art engages, provokes, and celebrates
the shared human experience.
3. Providlng creative solutions to our client's needs
EEA collaborates wlth cllents, tailoring Imaglnatlve
solutions. Whether it'5 a festival, event, or communlty project, we infuse creatlvlty Into every endeavour.
Every year we:
Dellght 1 million + audiences with 8we-ingpiring, large-scale outdoor work
Run particlpatory workshops for over 8,000 people
Giv6 5000 children & families the chance to get creative- Work with over 50 fr8818nce producers, cr&atlves,
technicians & artists
Everyon8 deserv88 the chance to transform thelr ordlnary Into the extraordinary. We 8XlSt to make a posltlve
difference to people who are dlscriminated against & those living in economically excluded communities
across England. Like Thamesmead: an often-forgotten area of our hometown Greenwich where people are
dlsproportionately affected by funding cuts, surrounded by unemployment and deprivation,. Newham - a place
where people from different cultural backgrounds collide, yet have very low community cohesion, and the Isle
of Sheppey: a remote part of the country where people have very little opportunity for shared cultural activlty
or employment.
EEA began as an artist collective, born out of a desire to challenge the politlcal notion that there is 'no such
thing as community. We've been co-creating with partners and communities across the country since 1980.
As we continue to face rapid social & political challenges, our work is more relevant than ever.
The Company prides itself on its monitoring of activities and embraces negative as well as positive feedback
through a process of evaluation with its customers. If any member of the public should wish
to lodge a complaint: this should be addressed in writing to the CEO and sent to the Companys principal
place of business a5 shown on page 1.
Page 3

Emergency Exlt Arts
Report of the Trustees
for the Year Ended 31 March 2024
OBJECTIVES AND ACTIVITIES
Impact
EEA works wlth Independent Consultant Dr. Ulrike Chougley uslng a theory of change model to assess our
impact on audiences, participants and communities. EEA publicly reports on ils impact biannually.
Th8 full impact r6port can be found on EEA'S w8bsite.
Publlc beneflt
Emergency Exit Arts carries out a wlde range of activities as detailed in pursuance of Its charitable alms. In
setting our work programme each year the Direclors have regard to the Charity Commission's guidance on
public benefit and ensure activities we undertake are in line with our charitable objectives and aims.
The Trustees are satlsfied that the Companls activities throughout the year provided public benefit because..
the majority of its activities were provided on commission and are free to the public.
actlvities gave the public, both Ihrough participation and as audiences, access to a very high standard to a
very hlgh siandard of artistic work., and
- feedback from partlcipant conslstently pralsed the work of the Charity.
Page 4

Emergency Exlt Arts
Report of the Trustees
for the Year Endad 31 March 2024
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During 2023124 EEA:
Delivered 255 creative workshops to 8052 participants.
With live audlences of 1,093,306 and digital and TV audlences of 3,288,443 and provided 23 Artists with
CreativeProfessional Development opportunities.
Hll Street Fest Hi! Street Fest was Historic England's larg8St and final commlssion as part of the High
Streets Action Zone Programme, a four-year programme to revitalise more than 60 high streets. Across the
country Hil Street Fest engaged with more than 60,000 people in the summer of 2023, all coming together for
a series of community led street parties and carnivals that celebrated England's high streets. The centre
piece of these celebrations was a curious fox called Farrah who travelled across the country to explore and
celebrate high streets, bringing a touch of carnival to the people who love and look after them,
Created in partnershlp with Historlc England and supported by Arts Councll England, Farrah Is a &meter-tall
mechanical puppet of a young fox on a light up scooler. With resilience In her genes, Farrah the Fox has
adapted to live in a changing environment and sparked the question in each town or clty she visited: how can
high streets do the same?
At each high street celebration Farrah was greeted by a locally Inspired host puppet co-created by each
community in collaboration with puppet makers Thingumajig Theatre. Each host puppet represented the
hlstory and heritage of where they were from.
Across all 7 locations Hll Street Fest was brought to life with the help of 2000 participants and volunteers,
providing a wide range and depth of community engagement. Hi! Street Fest was an ambitious project that
aimed to bring together peopl8 and places to support bright futures for high streets.
Hil Street Fest engaged more than 5,000 people in the development of these events, with thousands of hours
of community participation through outreach and workshops. Tha project simed to reimagine th8 hlgh street,
attract visitors and bring people together to celebrate each high street's culture and It was a resounding
success!
Read the full evaluation (https:Ileea.org.uklproJectslhi-street-fest).
Whlch Woolwlch Storles: Culture Trall Which w001￿ch Storles celebrated some of the hldden storles
shared by the local community, creating a trail that led you on an intlmate Joumey uncovering personal tales
as you explored athorks along the way. The trail highlighted the commonality of our lives which ara rooted,
defined and connected by an area. Local artlsts curated, honoured and creatively reinterpreted the storles
told.
After an open applicatlon process, 12 creatives were awarded commissions. These Commlssions took a
variety of formats with some being fully workshop based, others being physical8￿OrkS that made up the
Culture Trail, two performance based works that took place during the Opening and Flnale Events, and a
sensory trail that focused on accessibility. Tour guides we're trained to lead members of the public on a tour
of the artworks. See the digital culture trail here..
https'.Ileea.org.ukJprojectslwhich-woolwich-storias-culture-trail
Frank & Mcstein's Monster Laboratory: out the lab. into the fire - Our latest interactive fire show for
audiences of all ages. EEA invesled some of its reserves into the creation of a new touring show, this
premiered at Paisley Halloween Festival in October 2023 to an audience of 60,000 over three nights.
Carnlval of the Baubles 2023 - Returned to Ashford town centre for a spectacular Christmas parade
commissioned by the Economic Regeneration team to help increase footfall in the town centre. The council
reported their highest footFall in over a decade as a result of the parade.
Page 5

Emeryency Exit Arts
Report of the Trustees
for tha Year Ended 31 March 2024
GreenwiGh Cultural Educational Partnershlp - E84 has led on an initiative to start a network of Greenwich
based cuRural organisations and teachers to work better together since 2021. This work is now supported by
Royal Borough of Greenwich and is growing year on year.
Greenwlch Warni Spaces - During winter 2024 EEA supported CERA, a local residents association in
providing a Welcome Space to the local residents of the Caletock Estate, funded by Royal Borough of
Greenwich. We provided free creative activities twice a week at our premises - Rothbury Hall
Lord Mayorfs Show 2023- EEA partnered with Lagos based Enterprise NGR to bring their float to life for the
Lord Mayors Show 2023. The concepl highlighted the multidimensional aspect of Lagos, Nigeria as
wonderful location filled with culture and business opportunities. This was a historic achievement being the
first entry from an African country in the 800 year history of LMS.
Actlvlsm - Actlvlsm has always been a significant element of what EEA does. We are Increasingly aware of
the need for artists to engage wlth Sssues and help lo activate members of the public to help make
difference in soc18ty.
The Trustees would like to take this opportunity to thank all staff. creative practitioners, funders, participants
and members of the publlc who conlinue to value the work of Emergency Exit Arts through challenging
economlc, and politically turbulent times.
FINANCIAL REVIEW
Flnanclal rovlew
The charitable company made a deficit on General Funds of £16,502 (2023: £211 surplus) In the year.
Free reserves (that Is, funds which are nelther restricted nor d8Slgnated) decreased from £184,053 to
£167,551 at 31 March 2024. Total Income durlng the period was £1,184,902 {2023 - £1,452,908).
Income fund (restricted),. Grants and donations totalllng £168,586 (2023 - £238,176) were recelved during the
year. A brief description of the purpose of these funds and the amount of award spent or carrled forward
appears In note 15. All the restricted Income was spent In the year and none was carrled forNard.
Contlngancy fund (deslgnated): Thls fund exists to cover employee costs In the event of a wlnding up of tha
charitable company. The amount calculaled to cover such costs, as If the charitable company had been
wound up on 31 March 2024, was eslabllshed at £70.000.
R•serv•8 pollcy
The Company holds free reseprfes for a variety of purposes. In a relatively steady operating envlronm8nt such
purposes would Include:
a flnanclal buffer to Cushlon an unexpected fall in Income In addition to the contlngoncy containad within
the CoMpan￿S operating budgets.,
meetlng cashflow requlrements caused by delays in recelpt of fee or grant income; and
the urgent replacement of vital op8ratlng equipment.
The Companls free reserves stood at £167.551 at 31 March 2024 (2023 - £184,053). The Directors remain
of the view that a mlnimum level of free reserves of £200,000, roughly equivalent to four months of core
operating costs, should be maintained though they accept that in thes8 financially constricted times it May
take severa5 years before the target is achieved. In the meantime, the Company is committed to ensuring that
no further reduction in reserve5 occurs.
STRUCTURE. GOVERNANCE AND MANAGEMENT
Governlng document
The charity is controlled by its governing document, a deed of trust. and constitutes a limited company, limited
by guarantee, as defined by the Companies Act 2006.
Page 6

Emergency Exit Arts
Report of the Trustees
for the Year Ended 31 March 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT
Trustee investment powers
Investment powers are govemed by the Memorandum and Articles of Association. There are no restrictions
on EEA'S absolute powers of investment to the extent that any retained funds that arise ar8 dealt with by
depositing surpluses into the COIF Charities Deposit Fund or with authorised banks.
Recruitment and appointment of new Irustéas
The Board endeavors to make sure Trustees are broadly representative of the local community. EEA recruits
Trustees through advertising in local and national media and local VCS organisations. The Board are
committed to encouraging applicants from The Global Majority and those with disabilities. The Dlrectors and
CEO interview suitable candidates looking for experience identified by the Board in its annual skills audit.
Suitable candidates attend one meetings of the Board to and if suitable are appointed by election thereafter.
New Trustees ar6 taken through a period of induction and provided with relèvant govemance documents to
help them understand their role and the services provided by EEA
The year to 31 March 2024 saw three resignations from the board:
Emma Parkinson resigned 15th June 2023
Miriam Steiner resigned 6th December 2023
Dana Segal (Chair) resigned 28th March 2024
Appointments.,
Veronica Jones appointed 13th September 2023
Management and Staffing Structure
Daniel Bemstein, CEO 18ads the organisation supported by an Executlve Director and Head of Production
who make up the senior management team. Artistic Dlrection comes from a range of sources Including Senlor
management team. freelance directors, producers, and designers who are deemed most appropriate for the
project or role allowing for greater flexibility and diversity. EEA'S core staffing structure remains small. and
relies on freelance Artists, Technicians, Fundraisers and Consultants to remain at low risk financially and
reactive to the workload
EEA has been Impacted by the cost-of-living crisis and challenging economic sltuation partlcularly wlth the
reduction in spending on arts and culture by Local Authorities. Due to a forecasted drop In income in 2024125,
EEA had to make the difficult decision to make full time roles (Project Manager and Project Development
Officer) redundant in March 2024.
Membership Model
EEA has 8 company members who ensure the interests of our 50+ freelancers are at lh8 core of what we do.
Members support EEA to embed artists & freelancers into our decision making, and they hav8 ownership of,
and progression within, the organisation. Members attend board meetings & are consulted in key strategic
decisions. As well as remuneration, Members have access to increased support from EEA including creativ6
professional development, advice, support, access to the company-wide Employee A3SiStance Programme.
This pioneering model recognises that Board, Staff & Freelancers have a crucial role to play in the
co-leadership of the organisation.
EEA are in renled premises Rothbury Hall, owned by Royal 8orough of Greenwich. We are still hopeful
of a long-term lease or acquisition of the building. In March 2024 the Company moved into a permanent
storage facility in Maidstone which being used for the storage of key assets, props and structures from past
processions and carnival events as well as having the potential to build larger structures.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of Emergency Exit Arts for the purposes of company law) are
responsible for preparing Ihe Report of the Trustees and the financial ststements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK
and Republic of Ireland..
Page 7

Emeryency Exft Arts
Report of the Trustees
for the Year Ended 31 March 2024
STATEMENT OF TRUSTEES. RESPONSIBILrnES - contlnued
Company law requires the trustees to prepare financial statements for each financial year which giv6 8 true
and fair view of the state of afTrairs of the charitable company and of the incomlng resources and application of
resources, including the income and expenditure, of the charitable company for that period. In preparing
those financlal statements, the trustees are requlred to
select suitable accounting pollcles and then apply them consistently;
observe the methods and principles in the Charity SORP.,
Make judgements and estimates that are reasonable and prudent,
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the
charltable company wlll continue In buslness.
The trustees are responslble for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial position of the charitable company and to enabl8 them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for 8afegu8rding the assets of
the charitable company and hence for taking reasonable step8 for the preventk)n and detectlon of fraud 8nd
other irregularits-es.
In 80 far as th8 trustees are aware:
there is no relevant audit Information of which the charitable companls 8udltors are unaware., and
the trustees have tsken all steps that they ought to have tsken to make themseEves aware of any relevant
audit infomiatlon and to establlsh that the auditors are aware of that Infomiation.
AUDITORS
The auditors, Ardor Buslness Solutlons Limited, wlll be proposed for re-appointment at the forthcoming
Annual General Meetlng.
This report has been prepared in 8ccordan¢e with the special provlsions of Part 15 of the Companles Act
2006 relating to small companles.
Approved by order of thè board of tr
fe8son..
. and signed on Its behalf by:
M Lovide - Trustee
Page 8

Report of the Independent Audltors to the Members of
Emergency Exit Arts
Opinion
We have audited the financial statements of Emergency Exit Arts (the 'charitable companl) for the year
ended 31 March 2024 which comprise the Statement of Financial Aclivities, the Statement of Financial
Position, the Statement of Cash Flows and notes to the financial statements. including a summary of
significant accounting policies. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland,.
In our opinion the financial statements.,
give a true and fair view of the state of the charitable cornpanls affairs as at 31 March 2024 and of its
Incoming resources and application of resources, including its income and expenditure, for the year then
ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
including Financial Reporting Standard 102 'The Financial R8POrting Standard applicable in the UK and
Republic of Ireland and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basls for oplnlon
We conducted our audit in accordance with Intemational Standards on Auditlng (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described in the Audltors,
responsibilities for the audit of the financial statements section of our report, We are independent of the
charitable company in accordance with tha 8thical requirements that are relevant to our audit of th8 financlal
statements in the UK, Including the FRC'S Ethlcal Standard. and we have fulfilled our other ethical
responsibilities in accordanca with these requirements. We believe that the audit evidence we have obtalned
is sufficient and appropriate to provide a basis for our opinion.
Con¢luslons relatlng to golng Goncern
In auditing the financial statements, we have concluded that the trustees, use of the golng concern basis of
accounting in the preparation of the financial statements is appropriate,
Based on the work we have perfomed, we have not Identifled any materfal uncertalntles relatlng to events or
conditions that, individually or collectively. may cast significant doubt on the charitablè companls ability to
continue as a going concern for a period of at least Iwelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with resp8Ct to golng concern are descrlbed In the
relevant sections of this report.
Other Infomiatlon
The trustees are responsible for the other information. The other infomation comprises the information
included in the Annual Report, other than the financial statements and our Report of the Independent Auditors
thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and,
in doing so, consider whether the other information Is materially inconsislent with the financial statements or
our knowledgè obtained in the audit or otherwise appears to be materially misstated. If we identify such
material inconsistencies or apparent material misstatements, we are required to determine whether this gives
rise to a material misstatement in the financial stalements themselves. If, based on the work we have
performed. we conclude that there is a material misstatement of this other infomiation. we are required to
report Ihat fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Report of the Trustees for the financial year for which the financial statements
are prepared is consistent with the financial statements; and
the Report of the Trustees has been prepared in accordance with applicablè legal requirements.
Page 9

Report of the Independent Audltors to the Members of
Emergency Exit Arts
Matters on whlch we are required to réport by exception
In the light of Ihe knowledge and understsnding of the charitable company and its environment obtsined in the
course of the audit, we have not identified material misslatements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion:
adequate accounting records have not been kept or ratums adequate for our audit have not been received
from branches not visited by us; or
the financial statements are not in agreement with the accounting records and retums., or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit., or
the trustees were not entitled to take advantage of the small companies exemption from the requirement to
prepare a Strategic Report or in preparing the Report of the Trustees.
Responslbllltles of trustees
AS explained more fully in the Statement of Trustees, Responslbilities, the trustees (who are also the dlrectors
of the charitable company for the purposes of company law) are responsible for the preparation of the
flnanclal statements and for being satisfied that they give a true and fair view. and for such intemal control as
the trustees determine is necessary to enable the preparatlon of financlal statements that are free from
materlal misstatement, whether due to fraud or error.
In prep8rlng the financlal ststements, the trustees are responsible for assesslng the chadtsble companls
ability to continue as a golng concern, dlscloslng, as applicable, matters relat8d to golng concern and uslng
the goSng conc8rn basls of accounting unless the trustees elther intend to liquidate the charitable company or
to cease operations, or have no realistic alternative but to do so.
Page 10

Report of the Independent Auditors to the Members of
Emergency Exit Arts
Our r8sponsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from malerial misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarante8 that an
audit conducted in accordance with ISAS (UK) will always detect a materi81 misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate,
they could reasonably be expected to influence the economic decisions of users taken on the basis of these
financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We identified areas of laws and regulations that could reasonably be expected to have a material effect on
the financial statements from our sector experience through discusslon wlth the Officers and other
management (as required by auditing standards).
We had regard to laws and regulations In areas that directly affect the financial statements Including financlal
reporting and taxalion legislalion. We considered that extent of compliance with those laws and regulatlons as
part of our procedures on the related financial statement items.
With the exception of any known or posslble non-compliance, and as required by auditing standards, our work
in respect of these was limited to enquiry of the Officers.
We communicated identified laws and regulations throughout our team and remained al&rt to any indications
of non-compliance throughout the audit.
We addressed the risk of fraud through management override of controls, by testlng the approprlateness of
journal entries and other adjustments., assessing whether the judgements made in making accounting
estimates are indicative of a potential bias., and evaluating the business rationale of any signlficant
transactions that are unusual or outside the normal course of buslness.
Our audlt procedures were deslgned to respond to rlsks of materfal misstatement In the financlal statements,
recognising that the risk of not detecting a mat8rial misstatement due to fraud is higher than the risk of not
detecting one r8sultlng from error, as fraud may involve deliberate concealment by, for example, forgery,
misrepresentations or through ¢ollusion. There are inherent limitations In the audit procedures performed and
the further removed non-compliance with laws and regulations is from the events and transactions reflected in
the financSal stat8ments, the less likely we are to become aware of it.
A further description of our responslbllllies for the audit of the financial statements Is locatéd on the Fin8nclal
Reporting Council's websile at www.frc.org.uklauditorsresponsibilities. This descrlptlon foms part of our
Report of the Independent Auditors.
Page11

Report of the Independent Auditors to the Members of
Emergency Exit Arts
Use of our report
This report is made solely to the charitable CoMpan￿S members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the
charitable companls members those matters we are required to slate to them in an auditors, report and for
no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone
other Ihan the charitable company and the charitable companls members as a body, for our audit work, for
this report, orfor the opinions we have fomied.
Bryan Michagl Kemsley FCCA FMA4T (Senior Statutory Auditor)
for and on beha￿ of Ardor Business Solutions Limited
statutory Auditors
Chartered Certified Accountants
Unit 1
Shrine Bam
Sandling Road
H￿h8
Kent
CT214HE
17 September 2024
Page 12

Emergency Exlt Arts
statement of Financial Actlvitles
for the Year Ended 31 March 2024
3113124
Total
funds
3113123
Total
funds
Unrestricted Restricted
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
120,101
168,586
288.687
358.870
Charltable activitles
Arts activities and projects
889.138
889,138
1,090.903
Investment incom6
7,077
7,077
3,135
Total
1,016,316
168,586
1,184,902
1,452,908
EXPENDITURE ON
Raising funds
105,446
12,941
118,387
106.137
Charftablo actlvltles
Arts actiwtles and projects
927,372
155,645
1,083,017
1,346,560
Total
1,032,818
168.586
1,201,404
1,452,697
NET INCOMEI(EXPENDITURE)
(16,502)
(16,502)
211
RECONCILIATION OF FUNDS
Total funds brought forward
184,053
184,053
183,842
TOTAL FUNDS CARRIED FORWARD
167.551
167,551
184,053
The notes form part of these financial statements
Page 13

Emeryeney Exlt Arts
Statement of Flnanclal Posltion
31 March 2024
3113124
Total
funds
3113123
Total
funds
UnrestrÈcted Restricted
funds
funds
Notes
CURRENT ASSETS
Debtors
Cash at bank and in hand
13
41,614
234,309
41,614
234,309
46,559
416,802
275,923
275,923
463,361
CREDITORS
Amounts falllng due within one year
14
(108,372)
(108,372)
(279,308)
NET CURRENT ASSETS
167,551
167,551
184,053
TOTAL ASSETS LESS CURRENT
LIABILITIES
167,551
167,551
184,053
NET ASSETS
167,551
187,551
184,053
FUNDS
Unrestricted funds
15
167,551
184,053
TOTAL FUNDS
167,551
184,053
These financlal statements have been prepared In accordance with the brovisions applicable to charitable
companles subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorfsed for 18sue on
and were si
ned on its behalf by:
M Lowde - Trustee
The notes form part of these financial statements
Page 14

Emergency Exlt Arts
statement of Cash Flows
for the Year Ended 31 March 2024
3113124
3113123
Notes
Cash flows from operatlng actlvltios
Cash generated from operations
(189,570)
(23,427)
Net cash used in operating activities
(189,570)
(23,427)
Cash flows from Investing activlties
Interest received
7,077
3,135
Net cash provided by Investing activities
7,077
3,135
Change In cash and cash aqulvalents
In the reportlng perlod
Cash and cash •qulvalents at tho
beginnlng of the reportlng perlod
(182,493)
(20,292)
416,802
437,094
Cash and cash equlvalents at tho end
of the reportlng perlod
234,309
416,802
The notes form part of these financial statements
Page 15

Emergency Exlt Arts
Notes to the Ststement of Cash Flows
for the Year Ended 31 March 2024
RECONCILIATION OF NEf (EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
3113124
3113123
Net (expendlture)Ilncorne for the reportlng perlod (as per the
Statement of Flnancial Actlvltles)
Adjustments for:
Interest received
Oecreasel{increase) In debtors
(Decreaseyincrease in creditors
(16,502)
211
(7,077)
4,945
(170,936)
(3,135)
(21,199)
696
Ngt cash usod In operatlons
(189,570)
(23,427)
ANALYSIS OF CHANGES IN NET FUNDS
At 114123
Cash flow
At 3113124
Net cash
Cash at bank and In hand
416,802
(182,493)
234,309
416,802
(182,493)
234,309
Total
416,802
(182,493)
234,309
The notes fomi part of these financial statements
Page 16

Emergency Exit Arts
Notes to the Financial Statements
for the Year Ended 31 March 2024
ACCOUNTING POLICIES
Basis of preparing the financlal statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by
Charities: Statement of Recommended Practice appllcable to charities preparing thelr accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention.
The trust88s confirm that at the time of approving the financial statements, there are no material
uncertainties regarding the Chariws ability to continue in operational existence for the foreseeable
future. In arriving at this conclusion the Trustees have taken account of current and anticipated
financial performance in the current economic conditions, its business plan and its reserves position.
For this reason, the going concern basis continues to be adopted In the preparation of the Charity's
financial statements.
Amounts are rounded to the nearest Pound Sterling (£).
Crftlcal accountlng Judgements and k•y sources of astlmatlon uncertalnty
No critical judgements have been mad8 by management in applying the charity's accountlng pollcles.
Income
Income is recognlsed when the charity has entitlement to the funds, It Is probable that the Income will
be received and the amount can be measured reliably. The following specific policles are applied to
particular categorles of Income:
Donations and grants are split betrNeen restrfcted and unrestricted funds In accordance w5th the terms
of the grant or donation.
Donatlons and gifts are recognised in the statement of financial activitles whan recelvable.
Income from government and other grants is recognised when the charity has entitlement to the funds,
any performance conditions attached to the grants have been met, it is probable that the income will be
received and the amount can be measured reliably and is not deferred.
Donated seNices and facilities are included at the value to the charity where this can b8 quantified.
Bank interest is recognised on an accrual basls.
Exp•nditur•
Liabililies are recognlsed as expendilure as soon as there is a legal or constructive obllgation
committing the charity to that expenditure. it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that 8ggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis consistent with the use of resources.
Tanglbla fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Fixtures and fittings
Motor vehicles
straight line over 3 years
209/0 on cost
Individual fixed assets costing £2.000 or more are initlally recorded at cost.
Taxation
The charity is exempt from corporation tax on its charitable aGlivities.
Page 17
continued...

Emergency Exlt Arts
Notes to the Financlal Statements - contlnued
for the Year Ended 31 March 2024
ACCOUNTING POLICIES - contlnued
Fund accountlng
Unrestricted funds can be used in accordance with the charltable objectlves at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is Included in the notes to the financlal
statements.
Penslon ¢08ts and other post-r•tlrement benefits
The charitable company operates a defined contribution pension scheme, Contributlons payable to the
charitable companys pension scheme are charged to the Statement of Financial Aclivities in the
period to which they relate.
Flnanclal Instrum¢nts
The only financlal instruments held by the company are debtors and credStors. These are categorised
as 'baslc' in accordance with Section 11 of FRS 102 and are initially recognised at transactlon price.
These are subsequently measured at thelr transaction prlce less any Smpalrment.
DONATIONS AND LEGACIES
3113124
3113123
Donatlons
288,687
358,870
INVESTMENT INCOME
3113124
3113123
Dep051t account Interest
7,077
3,135
INCOME FROM CHARITABLE ACTIVITIES
3113124
3113123
Activity
Arts activitles and projects
Arts activitles and projects
Arts activities and projects
Youth Arts fees
Artistlc fees
Other
1,518
880.124
7,496
6,600
1,084,303
889,138
1,090,903
Page 18
continued...

Emergency Exit Arts
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
RAISING FUNDS
Ralsing donations and legaGies
3113124
3113123
Staff costs
Marketing and other project exp8ns8s
Allocation of support costs
62,794
23,350
32,243
60,325
8,627
37,185
118,387
106,137
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 7)
Dlrect
Costs
Totals
Arts activities and projects
964,792
118,225
1,083,017
SUPPORT COSTS
Support
cost
allocation
Offlce
overheads
Bank
charges
Arts activities and projects
14,547
88
(32.243)
Rent.
utllltles
and
Insuranc8S
Staff
costs
Governance
costs
Totals
Arts activilies and projects
52,329
78,004
5.500
118,225
Support costs, included in the above, are as follows..
3113124
Arts
activities
and
projects
3113123
Total
activitiés
Office overheads
Bank charges
Allocation of support costs to raising
donations and legacies
Wages
Social securlty
Pensions
Rates and water
Auditors, remuneration
Accountancy fees
14,547
88
25,312
97
(32,243)
47,284
3,675
1,370
78,004
3,500
2,000
(37,185)
45,531
1,295
92,350
3,500
2,000
118,225
136,344
Page 19
continued...

Emergency Exit Arts
Notes to the Financlal Statements - continued
for the Year Ended 31 March 2024
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after chargingl(crediting):
3113124
3113123
Audltors, remuneration
3,500
3,500
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the
year ended 31 March 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended
31 March 2023.
10. STAFF COSTS
3113124
3113123
W8ges and salaries
Social security costs
other pension costs
306,018
28,664
10,687
300,507
22,729
8.545
345,369
331.781
The average monthly number of employees durlng the year was as follows:
3113124
3113123
Ralslng funds
Charltable actlvltles
Support costs
No employees recelved emoluments in excess of £60,000.
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
funds
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
120,694
238,176
358,870
Charltable a¢tlvltles
Arts actlvities and projects
1,090,903
1,090,903
Investment income
3,135
3,135
Total
1,214,732
238,176
1,452,908
EXPENDITURE ON
Raising funds
106,137
106.137
Page 20
continued...

Emergency Exlt Arts
Notes to the Flnancial Statements - continued
for the Year Ended 31 March 2024
11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - contlnued
Unrestricted Restricted
funds
funds
Total
funds
Charltable aetivitles
Arts activities and projects
1,108,384
238,176
1,346,560
Total
1,214,521
238,176
1,452,697
NET INCOME
211
211
RECONCILIATION OF FUNDS
Total funds brought fopward
183,842
183,842
TOTAL FUNDS CARRIED FORWARD
184,053
184,053
12. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Motor
vehicles
Totals
COST
At 1 April 2023 and 31 March 2024
78,861
64,203
143.064
DEPRECIATION
At 1 April 2023 and 31 March 2024
78.861
64,203
143,064
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3113124
3113123
Trade dabtors
Other debtors
41,614
44,959
1,600
41,614
46,559
Page 21
continued.-.

Emergency Exit Arts
Notes to the Flnancial Statements - contlnued
for the Year Ended 31 March 2024
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3113124
3113123
Trade creditors
VAT
Deferred income
Accrued expenses
7,229
21,583
29,560
50,000
44,895
29,630
165,783
39,000
108,372
279,308
15. MOVEMENT IN FUNDS
Net
movement
in funds
At
3113124
At 114123
Unrestrlcted funds
General fund
Design8ted fund - Contingency Fund
114,053
70,000
(16,502)
97.551
70,000
184,053
{16.502)
167,551
TOTAL FUNDS
184,053
{16,502)
167,551
Net movement In funds, included in the above are as follows..
Incomlng
resourGes
Resources
expended
Movement
In funds
Unrestrlcted funds
General fund
Arts Council
Youth Arts fees
Artlstic fees
7,084
120,094
1,518
887,620
(23,586)
(120,094)
(1,518)
(887,620)
(16,502)
1,016.316 (1,032,818)
(16,502)
Restrlcted funds
Royal Borough of Greenwich
Arts Councll
Brldge Creative
79,071
76,115
13,400
(79,071)
(76,115)
(13,400)
168,586
(168,586)
TOTAL FUNDS
1,184,902 (1,201,404)
(16,502)
Page 22
continued...

Emergency Exlt Arts
Notes to the Financial Statements - continued
for th8 Year Ended 31 March 2024
15.
MOVEMENT IN FUNDS - contlnued
Comparatives for movement In funds
Net
movement
in funds
Transfers
be￿8&n
funds
At
3113123
At 114122
Unr•strlcted funds
General fund
Designated fund - Contingency Fund
133.842
50,000
211
(20,000)
20,000
114,053
70,000
183,842
211
184,053
TOTAL FUNDS
183,842
211
184,053
Comparative net movemenl in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unre8trlcted funds
General fund
Arts Council
Youth Arts fees
Artlstlc fees
3,735
120.094
6,600
1,084,303
(3,524)
(120,094)
(6,600)
(1,084,303)
211
Restrlctod funds
Royal Borough of Greenwich
City of London Corporation
Arts Council
CAF American Donor Fund
A New Direction
Nucleus Arts Centre
1,214,732
(1,214,521)
211
30,899
12,000
76.566
100,000
16,211
2,500
{30,899)
(12.000)
(76,566)
(100,000)
(16,211)
(2,500)
238,176
<238,176)
TOTAL FUNDS
1,452,908
(1,452.697)
211
A current year 12 months and prior year 12 months comblned position Is as follows..
Net
movement
in funds
Transfers
be￿een
funds
At
3113124
At 114122
Unrestrl¢ted funds
G&neral fund
Designated fund - Contingency Fund
133,842
50.000
(18,291)
(20,000)
20,000
97,551
70,000
183,842
(16,291)
167,551
TOTAL FUNDS
183,842
(16,291)
167,551
Page 23
continued...

Emeryency Exlt Arts
Notes to the Flnanclal Statements - continued
for the Year Ended 31 March 2024
15.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds. included in the
above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
Arts Council
Youth Arts fees
Artistlc fees
10,819
240,188
8,118
1,971,923
(27,110)
(240,188)
(8,118)
11,971,923)
(16,291)
2,231,048
(2,247,339)
(16,291)
Rastrlctod funds
Royal Borough of Greenwich
City of London Corporation
Arts Council
CAF Amerlcan Donor Fund
A New Direction
Nucleus Arts Centre
Brldge Creative
109,970
12,000
152,681
100,000
16,211
2,500
13,400
(109,970)
(12,000)
(152.681)
(100,000)
(16,211)
(2,500)
(13,400)
406,762
(406,762)
TOTAL FUNDS
2,637,810 {2.654,101)
(16,291)
General funds: these are avallable for use at the Directors, dlscretlon In furtherance of the oblectlves
of the charity.
Deslgnated funds: these are unrestrlcted funds set aside at the discretlon of the Directors for specific
purposes.
Rostrlcted funds: these are donated for use In a partlcul8r area or for specific purposes, the use of
which Is restricted to that area or purpose.
16. RELATED PARTY DISCLOSURES
There were no related paty transactlons for the year 8nded 31 March 2024.
Page 24

Emeryency Exlt Arts
Detailed Statement of Flnancial Activitles
for the Year Ended 31 March 2024
3113124
3113123
INCOME AND ENDOWMENTS
Donations and legacies
Donations
288,687
358.870
Investment Income
Deposit account interest
7,077
3,135
Charltable actlvities
Youth Arts fees
Artistic fees
Other
1,518
880.124
7,496
6,600
1.084,303
889,138
1,090,903
Total Incomlng resources
1,184,902
1,452,908
EXPENDITURE
Ralslng donatlons and legaGles
Wages
Social security
Pensions
Marketing and other project expens8S
Allocation of support costs
58,740
4,410
1,644
23,350
32,243
54,638
4.133
1,554
8,627
37,185
118.387
106,137
Charltabla actlvltles
Wag8S
Social security
Pensions
Materials
Fees
Transport and travel
201,994
20,579
7,673
172,900
553,039
8.607
200,338
15,152
5,696
239,472
745,044
4,514
964,792
1.210,216
Support costs
Offlce overheadg
Office overheads
14,547
25.312
Bank ¢harg6S
Bank chargas
88
97
Support cost allocation
Allocation of support costs to ralsing
donations and legacies
(32,243)
{37,185)
Staff costs
Wages
Carried fotward
47,284
47,284
45.531
45,531
This page does not form part of the statutory financial statements
Page 25

Emergency Exlt Arts
Detailed Statement of Financial Activitles
for the Year Endad 31 March 2024
3113124
3113123
staff costs
Brought forward
Social security
Pensions
47,284
3,675
1,370
45,531
3.444
1,295
52,329
50,270
Rant, utiiitles and Insurances
Rates and water
78,004
92,350
Governance costs
Auditors, remuneration
Accountancy fees
3,500
2,000
3,500
2,000
5,500
5,500
Totsl resourcas expgnded
1,201,404
1,452,697
Net (expendllurn)nn¢ome
(16.502)
211
This page does not form part of the statutory financial statements
Page 26