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← Chol International Arts

2025-03-31-accounts

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6

Chol International Arts

Charity No. 1044256 Company No. 03012433

Trustees' Report and Unaudited Accounts

31 March 2025

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts Contents

Pages
Trustees' Annual Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Summary Income and Expenditure Account 9
Balance Sheet 10
Statement of Cash flows 11
Notes to the Accounts 12 to 18
Detailed Statement of Financial Activities 19 to 20

Page 1

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6

Chol International Arts

Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 03012433

Charity No. 1044256

Registered Office

The Media Centre 7 Northumberland Street Huddersfield England HD1 1RL

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

M.J. Connell J.D. Dickinson F.T. Kamsika M.A. Khan L.P. Mcginty A. Wayman

==> picture [298 x 102] intentionally omitted <==

Company Secretary

J. Woodhead

Accountants

Solutions Accountancy & Bookkeeping Ltd 1 The Mews Little Brunswick Street Huddersfield HD1 5JL

Page 2

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Trustees Annual Report

OBJECTIVES AND ACTIVITIES

Chol: Igniting a creative revolution where every young person feels powerful, valued and connected.

We are Chol. A dynamic and socially conscious theatre company and registered charity based in Yorkshire since its founding in 1989. We work with children and young people from early years to early career across Yorkshire and the North, prioritising work in Kirklees, Barnsley and Sheffield. Our approach is entirely collaborative, working in everyday community and educational settings to co-create stories that are rooted in communities and local heritage.

The Chol-Operative & Strive

In 2020, we transitioned into the Chol-Operative, our democratic and inclusive company model; we are a woman-led team, working in a flat structure with equal pay. The model was born through a desire to create more accessible through-routes within the organisation with the aim of eliminating the barriers that prevent people from working in senior positions in arts companies. We design, deliver and reflect on all of our work through an anti-racist and inclusive approach. We call this initiative Strive. This has evolved to be a crucial element that we embed in our whole programme. Our Strive framework ensures that we constructively interrogate our purpose, vision, values and approach to our work, our company structures, our working culture, policies and approach to recruitment. Strive is the beating heart of our work; it is a journey, not a tickbox.

ACHIEVEMENTS AND PERFORMANCE

2024/25 Artistic Highlights

•Delivered creative learning through the arts with 1826 children in schools across Yorkshire

•Engaged 431 children or young people in social arts or heritage workshops in community settings

•Co-created and performed 3 new public performances with 150 community participants

•Trained 364 educators and artists in creative education

•Toured 10 different community settings with the Cholavan delivering drama, storytelling and arts workshops to 519 children, young people, and families

•Employed and nurtured 11 young artists through our paid Young Producer Internship and Young Artist Schemes.

•Supported 35 arts education projects in creative organisations and educational settings with high quality evaluation to develop their learning

•Guided 61 Children through their Explore Arts Award

Page 3

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Trustees Annual Report

2024-5 saw Chol enter a period of consolidation as the company’s confidence in our cooperative, flat structure grew and deepened. The range of projects, productions and partnerships reflect our ambition to “ignite a creative revolution where every young person feels powerful, valued and connected.” These are not empty words: Imaginary Communities has received a Trademark in the UK, with a European mark pending, which reflects the project’s standing and longevity both here and abroad; the Strive programme is becoming a central pillar of all our work, challenging everyone to be inclusive and aware. These are just two examples of our ethos in action and, as a Board, we are constantly struck by the energy and detail each member of the Chol-operative bring to their work. It is our on-going privilege to support them in this.

This year has been the first where our Strategy and Development Lead has had a chance to formalise and strengthen many aspects of the way Chol is organised. A detailed and robust business plan has been written that manages to capture sensitively the core values of Chol’s work and purpose. The role has proven to be an important one in contributing realistic assessments, practical solutions and promoting empathetic working relationships. While we are all committed to the flat structure, it requires continuing thought and review, and the Strategy and Development Lead plays an important part in this.

2024/5 has seen Chol enter the second year of Arts Council funding and although the long running Paul Hamlyn funding stream is drawing to a close, we continue to enjoy a close working relationship with them and are exploring further projects. This has been another full and varied year and the Board would like to acknowledge the strength, creativity and generosity of all our team and supporters.

Education and Learning

Our caring and creative schools programme continued, the end of this financial year taking us towards the final few months of this four-year long programme seeing us work with 1076 children and 123 teachers, training 5 young artists in Imaginary Communities (IC).

IC was this year awarded a Trademark in the UK, with a European mark pending, all as a result of our partnership with Leyden Academy and their Dutch Generatie Mixer. This adaptation of Imaginary Communities® (IC) sees the pedagogy applied to an inter-generational framework, including a Dutch translation of the handbook, opening up conversation about what’s next for IC in the UK.

Heritage and Culture 2024 saw Chol secure our first investment from The National Lottery Heritage Fund (HLF). Focussing on repositioning Ella Hudson-Gaskin as the woman who revolutionised British food manufacturing during her tenure as managing director of Batchelor’s. The Case of the Missing Mushy Peas Recipe was co-created with Year 5 pupils from Parsons Cross Primary School.

Daughters of the Coal was inspired by the resilient women of South Yorkshire, whose strength and solidarity were vital in supporting their families and communities during the 1984 miners’ strike. In a commission from Flux and WOW festival, the collected oral histories and play inspired our interactive sound exhibition inside the Cholavan at WOW Rotherham.

Young People & Social Arts

This year, we evolved our young producers programme, recognising that a longer-term opportunity would offer participants a deeper experience, supporting career development and pathways for young people working with Chol. As such, we employed two young people within the organisation, on a part time basis, to support specific areas of our work – Evaluation & Monitoring, and Heritage and Community Arts. The Cholavan came into its own towards the end of the financial year as we partnered with Kirklees Libraries to deliver a series of site-specific workshops in Huddersfield Town Centre, offering free creative workshops in exchange for conversation about what children and young people of Kirklees wanted to see in their new library.

Page 4

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6

Chol International Arts

Trustees Annual Report

Evaluation & Learning

In February Chol co-produced the 2025 Re Wilding the Curriculum Conference with Story Makers at Leeds Beckett University. The event brought together over 90 delegates, including school leaders, teachers, policymakers, artist educators, and researchers. The event focused on creative pedagogies for wellbeing, learner agency, and social justice, highlighting the impact of long-term collaborations and research between schools and artists. Creative practice from one of Chol’s partner schools was shared by a teacher and artist who have been working together for two years.

Partnerships

This has been an exciting year for developing new and existing partnerships as part of our project work. From our work with Rotherham Children’s Capital of Culture, through to the international work with Leyden Academy. From WOW and Flux to new relationships with TRACKS (Sheffield Music School), Sheffield Archives, and Parsons Cross School, amongst others.

Strive

And finally, continuing with our commitment to Strive, our anti-racist and inclusion approach, we spent time drawing up a detailed strategy. This and an associated working action plan continue to inform both Chol as an organisation and all projects and work, ensuring that everything is explored through a Strive lens. The team remain committed to learning and unlearning, constantly evaluating what work we need to do individually and collectively to stay alert to organisational and individual privilege.

FINANCIAL REVIEW

Finance & Fundraising

The charity continues to rely on project grants, fee earning work, commissions, and donations from individuals to support our annual core income from Arts Council England of £95,000 per year. 24/25 saw us come very close to the end of a four year relationship with Paul Hamyln Foundation (PHF), (total grant of £325,000 over 4 years) and as such, we began exploring next steps both with PHF and other trusts and foundations to support our ongoing work.

In addition, we were commissioned by PHF to deliver another 2 year evaluation consultancy contract for Round 7 of the Teacher Development Fund (£55,000) and Kirklees Council to deliver summer camp provision in communities (£11,570).

We received a total earned income of £116,893 plus £754 of individual donations. We have increased our reserves by £11,684 and therefore ended the year with unrestricted reserves of £84,496.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charitable company is a company limited by guarantee and is a registered Charity.

Tax status

The charity is registered as a charitable company and is therefore exempt from corporation tax and income tax.

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

Page 5

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Trustees Annual Report

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

A. Wayman Trustee 03 October 2025

Page 6

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts Independent Examiners Report

Independent Examiner's Report to the trustees of Chol International Arts

I report to the charity trustees on my examination of the financial statements of Chol International Arts for the year ended 31 March 2025.

Responsibilities and basis of report

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

Having satisfied myself that the financial statements of the Charity 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 financial statements as carried out under section 145 of the Charities Act 2011 ('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

As the charity's gross income exceeded £250,000 your examiner must be a member 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 member of CPAA, which is one of the listed bodies.

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

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 financial statements to be reached.

Vicky Newham CPAA Solutions Accountancy & Bookkeeping Ltd 1 The Mews

Little Brunswick Street Huddersfield

HD1 5JL 03 October 2025

Page 7

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Statement of Financial Activities

for the year ended 31 March 2025

Notes
Income and endowments
from:
Donations and legacies
4
Charitable activities
5
Investments
6
Total
Expenditure on:
Charitable activities
7
Other
8
Total
Net gains on investments
Net income
9
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2025
£
754
116,893
1,236		 Restricted
funds
2025
£
-
196,373
-		 Total funds
2025
£
754
313,266
1,236		 Total funds
2024
£
842
313,544
977
118,883
23,359
83,840		 196,373
80,820
115,553		 315,256
104,179
199,393		 315,363
112,216
166,647
107,199
-		 196,373
-		 303,572
-		 278,863
-
11,684
-		 -
-		 11,684
-		 36,500
-
11,684 - 11,684 36,500
11,684
72,812		 -
-		 11,684
72,812		 36,500
36,312
84,496 - 84,496 72,812

Page 8

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Summary Income and Expenditure Account

for the year ended 31 March 2025

Income
Interest and investment income
Gross income for the year
Expenditure
Depreciation and charges for
impairment of fixed assets
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2025
£
314,020
1,236
315,256
303,053
519
303,572
11,684
11,684		 2024
£
314,386
977
315,363
278,211
652
278,863
36,500
36,500

Page 9

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Balance Sheet

at 31 March 2025

at 31 March 2025
Company No.
03012433		 Notes 2025 2024
£ £
Fixed assets
Tangible assets 11 4,524 5,043
4,524 5,043
Current assets
Debtors 12 30,256 12,920
Cash at bank and in hand 106,255 104,368
136,511 117,288
Creditors:Amount falling due within one year 13 (56,539) (49,519)
Net current assets 79,972 67,769
Total assets less current liabilities 84,496 72,812
Net assets excluding pension asset or liability 84,496 72,812
Total net assets 84,496 72,812
The funds of the charity
Restricted funds 15
Restricted income funds - -
- -
Unrestricted funds 15
General funds 84,496 72,812
84,496 72,812
Reserves 15
Total funds 84,496 72,812

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 03 October 2025

And signed on its behalf by:

A. Wayman Cc4665016CCF9E489...Waymaye

Trustee

03 October 2025

Page 10

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts Statement of Cash flows

for the year ended 31 March 2025

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Other gains/losses
Increase in trade and other receivables
Increase in trade and other payables
Net cash provided by operating activities
Cash flows from investing activities
Dividends, interest and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2025
£
11,684
519
(1,236)
-
(17,336)
7,020
651
1,236
1,236
-
1,887
104,368
106,255
106,255
106,255		 2024
£
36,500
652
(977)
-
(12,920)
49,519
72,774
977
977
-
73,751
-
73,751
104,368
104,368

Page 11

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Notes to the Accounts

for the year ended 31 March 2025

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

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

Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.

Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable.

Page 12

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 13

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Total
Expenditure on:
Raising funds
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4
Income from donations and legacies
Donations and Sponsorships
5
Income from charitable activities
Arts Council England NPO
Grant
Paul Hamlyn Foundation
Grant
Other Grants
Earned Income		 Unrestricted
£
-
-
-
116,893
116,893		 Unrestricted
funds
2024
£
842
112,353
977
114,172
25,422
52,250
77,672
36,500
36,500
36,500
36,312
72,812
Unrestricted
£
754
754
Restricted
£
95,000
71,501
29,872
-
196,373		 Restricted
funds
2024
£
-
201,191
-
201,191
86,794
114,397
201,191
-
-
-
-
-
Total
2025
£
754
754
Total
2025
£
95,000
71,501
29,872
116,893
313,266		 Total funds
2024
£
842
313,544
977
315,363
112,216
166,647
278,863
36,500
36,500
36,500
36,312
72,812
Total
2024
£
842
842
Total
2024
£
95,000
68,791
37,400
112,353
313,544

Page 14

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6

Chol International Arts

Notes to the Accounts

6 Income from investments

Interest Income
7
Expenditure on charitable activities
Expenditure on charitable
activities
Project Workers Costs
Governance costs
8
Other expenditure
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
9
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee
10 Staff costs
Salaries and wages
Pension costs		 Unrestricted
£
23,359
23,359
Unrestricted
£
62,502
4,244
3,338
519
6,729
6,508
83,840		 Unrestricted
£
1,236
1,236
Restricted
£
80,820
80,820
Restricted
£
103,853
-
-
-
8,900
2,800
115,553
2025
£
519
1,740
2025
159,160
3,008
162,168		 Total
2025
£
1,236
1,236
Total
2025
£
104,179
104,179
Total
2025
£
166,355
4,244
3,338
519
15,629
9,308
199,393		 Total
2024
£
977
977
Total
2024
£
112,216
112,216
Total
2024
£
140,832
4,460
2,249
652
17,065
1,389
166,647
2024
£
652
1,134
2024
134,567
2,825
137,392

No employee received emoluments in excess of £60,000.

Page 15

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Notes to the Accounts

11 Tangible fixed assets

11 Tangible fixed assets
£ £ £ £ £
Cost or revaluation
At 1 April 2024 2,294 3,318 2,392 16,648 24,652
At 31 March 2025 2,294 3,318 2,392 16,648 24,652
Depreciation and
impairment
At 1 April 2024 - 3,208 1,326 15,075 19,609
Depreciation charge for the - 17 266 236 519
year
At 31 March 2025 - 3,225 1,592 15,311 20,128
Net book values
At 31 March 2025 2,294 93 800 1,337 4,524
At 31 March 2024 2,294 110 1,066 1,573 5,043
12 Debtors
2025 2024
£ £
Trade debtors 28,973 11,403
Prepayments and accrued income 1,283 1,517
30,256 12,920
13 Creditors:
amounts falling due within one year
2025 2024
£ £
Trade creditors 11,869 8,444
Other taxes and social security 4,882 6,476
Other creditors 2,257 1,071
Accruals 1,740 1,176
Deferred income 35,791 32,352
56,539 49,519
14 Deferred Income
Movement of the deferred income shown in Creditors: amounts falling due more than one year
2025 2024
£ £
At 1 April 32,352 29,083
Released in current year (32,352) (29,083)
Deferred in current year 35,791 32,352
At 31 March 35,791 32,352

Included in Deferred income above are the following grants received during the year: Paul Hamlyn Foundation - £29,791. Heritage Lottery - £6,000.

Page 16

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Notes to the Accounts

15 Movement in funds

At 1 April
2024
Restricted funds:
Restricted income funds:
Arts Council England NPO
-
Local Authority Income
-
Heritage
-
Paul Hamlyn Foundation
-
Total
-
Unrestricted funds:
General funds
72,812
Total funds
72,812
Purposes and restrictions in relation to the funds:
Restricted funds:
Arts Council England NPO
Local Authority Income
Heritage
Paul Hamlyn Foundation
16 Analysis of net assets between funds
Fixed assets
Net current assets
17 Reconciliation of net debt
Cash and cash equivalents
Net debt		 Incoming
resources
(including
other
gains/losses
)
£
95,000
2,500
27,372
71,501
196,373
118,883
315,256		 Resources
expended
£
(95,000)
(2,500)
(27,372)
(71,501)
(196,373)
(107,199)
(303,572)		 At 31
March
2025
£
-
-
-
-
-
84,496
84,496
At 1 April
2024
£		 Unrestricted
funds
£
4,524
79,972
84,496
Cash flows
£		 Total
£
4,524
79,972
84,496
At 31
March
2025
£
104,368 1,887 106,255
104,368
104,368		 1,887
1,887		 106,255
106,255

Page 17

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Notes to the Accounts

18 Commitments

Pension commitments

Pension commitments
2025 2024
£ £
The pension cost charge to the company
amounted to: 3,008 2,825

19 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 18

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6 Chol International Arts

Detailed Statement of Financial Activities

for the year ended 31 March 2025

Income and endowments from:
Donations and legacies
Donations and Sponsorships
Charitable activities
Arts Council England NPO Grant
Paul Hamlyn Foundation Grant
Other Grants
Earned Income
Investments
Interest Income
Total income and endowments
Expenditure on:
Charitable activities
Project Workers Costs
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Pension costs
Staff entertainment
Staff training
Recruitment
Motor and travel costs
Vehicles - Insurance and licences
Travel and subsistence
Premises costs
Rent
General administrative costs,
including depreciation and
amortisation
Depreciation of
Depreciation of		 Unrestricted
funds
2025
£
754
754
-
-
-
116,893
116,893
1,236
1,236
118,883
23,359
23,359
23,359
55,307
3,008
-
4,187
-
62,502
2,888
1,356
4,244
3,338
3,338
17
266		 Restricted
funds
2025
£
-
-
95,000
71,501
29,872
-
196,373
-
-
196,373
80,820
80,820
80,820
103,853
-
-
-
-
103,853
-
-
-
-
-
-
-		 Total funds
2025
£
754
754
95,000
71,501
29,872
116,893
313,266
1,236
1,236
315,256
104,179
104,179
104,179
159,160
3,008
-
4,187
-
166,355
2,888
1,356
4,244
3,338
3,338
17
266		 Total funds
2024
£
842
842
95,000
68,791
37,400
112,353
313,544
977
977
315,363
112,216
112,216
112,216
134,567
2,825
413
2,652
375
140,832
2,257
2,203
4,460
2,249
2,249
19
355

Page 19

Docusign Envelope ID: E05EFBAD-1833-4A20-BE8F-6DFA41F5F4A6

Chol International Arts

Detailed Statement of Financial Activities

Depreciation of
Bad debts
Bank charges
Marketing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 236
-
300
5,003
136
1,290
7,248
1,740
4,768
6,508
83,840
107,199
-
11,684
11,684
-
11,684
72,812
84,496		 -
-
-
8,900
-
-
8,900
-
2,800
2,800
115,553
196,373
-
-
-
-
-
-
-		 236
-
300
13,903
136
1,290
16,148
1,740
7,568
9,308
199,393
303,572
-
11,684
11,684
-
11,684
72,812
84,496		 278
498
299
14,091
887
1,290
17,717
1,176
213
1,389
166,647
278,863
-
36,500
36,500
-
36,500
36,312
72,812

Page 20