REGISTERED COMPAP*'Y N'UINIBER: 03247940 (EnRland and Wales) REGISTERED CHIIRII'Y h'UNI IBER: 1058198 Report of the Trustees And Unaudlted Financlal Statements for the Ycar F.nded 31 Mi areh 2024 for Artsremch Ward Goodniaii ALidit S¢rvic¢s Lid 4 Ccdar Park Femdoivn IndLlStriic l Estate Wimborne Dorbel 11-1217SF
Artsreacb Contents of the Financial Statements for the YeAr Ended JI Imarch 2024 P4ge Report of the Trustecs Independent Examlner's Report Statement of Flnanclal Aetlvltles 10 Bnlanee Shett Notes lo the Fln#ncl41 Statcments 13 10 21
ArtsreAch (Rcgisterod numb¢r". 03247940) Report of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charity for the purposes of th¢ Companics Act 2006, present their report with tlie rinallclcil statements of the charity for tlie year ended 31 March 2024. The trustees have adopted tlie provisions of Accoui)ling and Reporting by Charilie5.' Statement of Recomincndcd Praclicc applicabl¢ to cl)arities preparing th¢ir accounfs in accordaiicc witli tlie Fiiiaiici81 Reporting Staiidard applicable iii the UK and Republic of Ireland {FRS 102) (effccliv¢ I January 2019). OBJECTtVES AND ACTIVII'IES ObJecllves Alms nlroductlon & Vlslon . Artsredcli 1% a pioiieering charity which. for over thity yeors. has been committed lo enriching the lives of people in Dorset by conn¢cling and empowering rural commLiniiieg througl) creative And cultural experienees. Artsreacli has fimily Lons01idcilL'd lis p05ilion as a key cultur4ry1 provider within the ¢ounty. r¢cciving regular funding from by boih Arts Council Englai)d and Dor5cI Council for Inany years. Our ]15510 Partiier willi a network of volunieers and empower them to programme. pr()mot¢ and pr¢scnt ciilttiral oclivities in Ihcir conin)Iinily venEIcs. Prcs¢i)l a diverse rdl)ge of higli.qLlcility eulilirdl aclivities which support the health and well-being of the rural conimunity. Siimulalc community developmcnt through ei)gagement with culttirnl ttctiviti¢s and support vitol community rcsoiirces such as village halls. Support a diverse range ofartisi$, companics Élnd crealivc prgctition¢r5 and provid¢ opportunities for artis15' development. Fngage with PLiblic bodics, b(Isiness, educaiion and community organisation% and work in partncrship lo dcvelop a thriving culttiric l ofler c2cro&8 rural Dorsct. Build a SLlStainabl¢ und T¢silient organisalion for the future. Our V#lues Artsrellch will be.. AmbitiOU5- in its pro¥ramm¢ of cultural aclivity Incl118ivc- offcring opportunities for all Collabontive . working li) partnLtship to Llchi¢vc its vision Supportiv¢ - of ils voliii)t¢eTh, grtists, audiei)ce5 41nd 5tatT Responsible- considering the environmeiiial iinp1£ Ct of its a¢tivity Pagc I
Artsreach (Registered number: 03247940) Report of the Trustees for the Year Ended 31 Imarch 2024 OWECTIVES AND ACTIVITIES Summary of the Achlevements April 2023- March 2024 The Ansrea¢h Board is very grateful and appreciative for the hard work and dedication of the ExecLilive Director and her team in the past year. Siaff have anti¢ipared the fiittire challenge5 Artsreach faces and taken tiniely steps to address them. whilst continuing to deliver a varied and extensive countywide programin¢. In Sepl-ocl 2023. Board m¢mbers supported ilie SEaff team in making on application to Dorset Council's Organisational Revenue Support Fund for continued cor¢ fiinding between 2024-27. The Artsreach Bocird strongly endorses Dorset Coiincil's (DC) contirkued financial support for the arts at a tiine wlien mai)y councils. incliiding neighbouring one5, no longer fijnd ciilniral activity. Having applied for £50.000 ann111¢ Ily (incliiding an uplift to eiiable the organisa¢ion lo in¢orpordle its childrcn's workshop programme, which is ciirrently projeci funded from a separ1£ te Dorset Council fund), Ansreach was pleased lo be awarded £42,OUO annually. The confim?alion of this grdnt funding, combined wilh the support Artsr¢a¢h re¢eiv¢s froin Arts Council England (ACE). currently agreed iinlil March 2026 and witli extension year likely until 2027. will cn5ure that the organisaiion conlinuLS to pre%cnt professional live pcrfomiancc and cirative arts activities witli communities across Dors¢t. Tliis is recognition of the iinportant role Artsrcach plays in the COLinly Jnd is iestl¢ ment to the hard work of our nelivork of volunt¢¢r prDinolers. Howcver, in real terms, the 'standstill' fiiiiding from both core fvnders repr¢s¢nts a cut. giveii the inflationary pressure oil Artsreaeh's expendiMre. Throughout 2023-24 Ansreach continued to refine and improve its govemance responsibilities, building on the work of the pr¢vioLl$ year. The Board hus PLII in place new systems to monitor delivery again.%t fuiiding agrecment targets, botl) in relation lo ACE Invcslment Priiiciples, and DC prioriiics. The aim is lo give a clear iindcrstaiiding of progr('ss and any issues aboLlI, or barriers lo, dclivery; gt th¢ same time the process needs to be simple and casy to manage for the exeeuiivc. So far, the system 15 working smoothly, providing an opportiiiiity for r¢tleclioii and evaluation which is usefiil to the executive and vnliicd by the Board. Th¢ Board also implemenied the ACE concept of haviiig a dedie&ted board Environmenial Champion. The first oftwo Board member awaydays focused on monitoriiig the ACE 'lnve%tm¢nt Principlcs, towards whi¢h all lioi)al Portfolio OrBani5ations arL obliged to work. We were plL¥iscd to ivelcom¢ Holly Lombardo, Dircetor of Ilic Nnlional Rlifdl Toiiriiig Forum lo assi%1 us aiid ?&ubsequently we designed and applied a fil for purpos¢ proc¢ss to review targets and progre8s relnted to tl)e investment principles. The Board's Finii)ce Committee cxamined the fiittire direction of oiir biidgels very carefully. and tl)is helped shape the focus of a second awayday in Ml< rcli 2024. This cv¢nt held at Dorset Museiim &nd Art Gjllcry and gave lis the opportunity to explore potential liiths between our two Dc-fundcd organisalioiis. However. tlic majority of ihe day was spcnt r¢viewing the recent history of Artsreach's income geiieration stralegy aiid udopling a revised ond lightly focused one which involves Ilir¢¢ principlc5 going foThvard'. l- A focus on bids for specific projcct fiinding an(Vor 5pon8orship; 2 - Realistlc C05tiiig of projccls (full Cost r0very} in order to recover the right proportion of Ihe full c051s of running AR + a planiicd SLirplLIS., 3 - D¢v¢lopiiig 8 5lrdnd of fiinded work in Crcative Healrh Having Yoted to appoini two new tn15tees at our 2023 AGM, the Board undertook another round of trustee recruitment ready for appointnient at ihe next AGM. By iitilising an aniiual 'skills aLidit' of rnistecs. the Board is abl¢ lo identify g£iPS in its coll¢clive make-lip in order to 5llPPOrt Ansreach across oll ol its activities and fuiictioiis. The bourd cxp¢¢ts to appoint tni.qtLe.% in 2024 wilh ¢xpertise in financc, fundraising Jnd HR. Page 2
Arlsreaeh (Reglstered number: 03247940) Report of the Trustecs for the Year Ended 31 Mareh 2024 OWECTIVES AND ACTIVITIES In eirly 2023, Creative Praclicc consultancy. b?Lsed in Lyme ReElS, was commissioned lo complete folir social impact researcl) case studies of Artsreach's work, aiid submitted & higlily positive report which foiind evidence that voluiitLer involv¢nieiii with Artsrcach events conlribu(ed io well-bciiig by nurturing a supportive sciisc of purpose amoiig voluiitecrs. eveii, ii) Ihree cases, Iiclpiiig to alleviate the eFf¢cts ofwork-relaled 8lress or cliroi)ic illiiess. Oihcr b¢ii¢fits inlervicwccs citcd included thc revival of a vi111¢ ge muscum as M resiilt of expertise gaincd tlirough Artsreach events, incre¥¢sed L15age of the vill<ig¢ liall. ai)d profil8 ploughcd back into cominunity activities and orgai)i5ations. Alinost without exception int¥rvicivees valued tl)e rL'lalioiiship witli Artsr¢ach. and ils professionalism, and enthusiasm. Th¢ report was circulated lo fvnders. local COLincillors and posted online. Ansreach also lias an oiigoing programme of support and development for its neiwork of volunteer promoters. In January 2024 Artsr¢a¢h lield ils inaiigiiral volunteer cclcbralion, and used the o¢c&8iuii io rceouyiiiSL an(1 reward Il)e long'.servi¢¢ of IIIobC ivho liavL bccii coniiectcd with the ¢h¢1riry for over len year%. Al tlie 5aine time, Artsr¢a¢l) r¢lauii¢hed ils montl)ly cwslettcr for voliiiite¢rs. which noiv contains informatiott around funding ai)d training. pli18 news. lop tips and other in)portant infomialion. ARTSREACH ACTAVITY PROGRAMME Perfotin£iiice Pro raniiiic ArtsrL'ftLI) coniiniies 10 be widely recogniscd for Ihc quality of lis perforniing thrts progrJmme aiid it5 iiinovalive approach lo off¢ring high qiialiry prolessional shows and workshops in rural communily venucs. In all art fomjs the programme incliidcs challenging aiid innovalive work. such as.. The promotion of new work by componies with whom H good parti)ership has been established. and whos¢ r¢pulalion for ehallengTiiig and enl¢rtaiiiii?g work is bosed upon the careful monitoring ofr¢¢¢nt perfomiances: Th¢ promotion of new writing. Pro&Tramn)ing ivork iyiih a cross-culttirdl and diverse locus, involving internotional grtists and rrOMi¢rs. The proinotion of new companies whose physical style or challenging idL't¢s cxlcnd the existing programme offer¢d by Artsreach. Tl)e 2023-24 pcrfom)ancc programme featured a total of136 live events and was extren)ely well recciv¢d, 4ttTacting a lolal attendaiice of over l 0,500 lid ¥ivi118 0 biioyanl aven)gc ev¢nl eapii cily of 750/fj across the yeilr. 'I'liis rcflccis a retum lo pre-covid levlls of allcndancc. willi local culiurul evcnts provingi vil<l1 iii bringing commiinilics and people back (ogeilier, Dclivercd by local, rcgioiial. national and inlcnialional artiSt5, perforniailC¢5 took plac¢ in 45 niral con)niunilics across Dorset, aiid w¢r¢ promoted Ihrougl) a network of aroiind 270 voliinleers. Around 880 iiisiances of volunteering saw over 5,540 hours bjiven to 5llPPOrtillgF IIIL In42ill pLrforinancL programin¢. Tl)¢ qiiality of Ihc work programmed by Artsr¢8ch is nioiiilored by rcguldr allciidllnce at pcrform£ilices by botli staff lind Board nicfftbcrs and consequl'nt .shoiv report5, rciuni fornis from volLinteer promot¢r%, nd pccr rcvicw. T])e quiility ol. tlie experieii¢es of Artsrcach aiidi¢i)c¢s was captiired Vil¢ survey and analys¢d by Ilie Culttirc Counls platfvnn and in 23124. ()0% of aiidi¢nces siirveyed rated the cvciit they att¢nd¢d as 'very good, hnd 70/0 as'g0,. 'Thank you so much. The countryslde NEEDS these pl4ys.. othenylse It be qultc lsolthted gnd vold of the varlely of volces that Is niore cHsily aecessed In clty.. Audicnce Comment. 2023-24 Artsreach coiilinlied to provide a range of high-quality p¢rfom)ances for children and families. with 20 1xrfonn8nccs of 12 productions progrnmmed. in¢luding two opcn-air produclions and a circus show by an emerging conlcmporary company. To address the social isolation of ulder people and those less mobile in our rurnl coinmunilies. Artsrea¢h soiighi lo offer more InatineLldaytim6 perfomiances, p?1 rticiilarly on Sunday atlernoon5. Over 810 people aiiended I I matiiiee events across the winter months, reflecting a demand for these perfomiances. Page 3
Artsreach (Registered number: 03247940) Report of the Trustees for the Year Ended 31 March 2024 OBJECTIVES Af*T) ACTIVITIES Several companies programmed by Artsreach offered additional participatory workshops whi5st in the county; Notw¢gian dance company Panta Rei Danselealer led a dance workshop for 15 m¢mbers of ttvo old people's dance groiips, all aged 65+, Pania Rei also led a workshop for 10 students at Gilliiigliam High .School. Last Baguette rnn a theatre worksliop for 6 children in Winlerbome Stickland, 16 people look part in a BaiFolk dance workshop led by Firelight Trio in BLickland Newtoi), 12 members of an older persons, dance group took part in a work%hop with Spiltmilk Dance, Aakash Odedrn company ran a dance workshop for 30 primary school pupils in Broadmayne, vocal hamiony group Nartlicn ran 3 Separate singing workshops across Dorsel. attended by 50 people, beatbox artist Jllson Singh led a workshop for 10 pupils ht Wesificld AcJdemy, a school for children ivith additional needs, and over 150 childr¢ii look part in various post-show art5 nd crafts workshops led by Stories in Ilie Dusl, Brave Bold Drama. Scarlet Oak Tl)eatre. Coppice Theatre and Theatre Fideri Fiderd. Artsreach also continlied to siipport the RidgeWY Singers and Band, an amateur group born out of a project more than ten year5 ago. who focLiS on retaining and rcviviiig the local trodition of West Gallery Music and folk song,. The Band and Singers p¢rfonned the sixth anniial E341rn¥S T¢a celebration lo a capacity audience of 140 in February 2024. Artsreach also livc-slreamed rliis eveiil witli ovcr 215 viewer% oiiliii¢, and 4 Dorset care homes live-streamii)g the eveni 10 Iheir residents, lounges. Artsrcacl) remaing coinmillcd to explDrii)g digJital ivork in ils futtirc progruinmes. Projects Thi Board welcomed a significant devclopment tliis year, when Artsreach signed a contraci wirh Il)e New Forest's Culture in Common progrgmmc lo deliver a pilot ninl ioiiring progrnmine of10 eveiils io communilie5 across the New Forest district. Throiighout 2023-24 Artsreach conlinued it5 involvement iii ihe n1< lional Inn Crowd project, presenting 4 perforniances in 4 diftcrcnt piibs aiid ¢oiniiiLinity bcif5, Iviih over 160 pcoplc altendii)g. In summ¢r 2023, and with Ihc siipport of Dorse( Coiincil and ilic Valentin¢ Trust, Artsreach dcliv¢r¢d another SLiccessful prograinmc of ¢riativ¢ workshop.8 f(>r cliildrcn diirinky tlie scliool holidays, will) certaiii workshops foming pyrt of 'sLllllinLr in DDrset', A Dorsel Coiincil led programmc of holidoy Ii¢tiviti¢s for children in receipt of fr¢¢ school meals. A total of 19 workshops took place, atiend¢d by over 276 children agcd 5yrs+. Through the pmgramme. 140 children also attended 3 Iheatrc productions specifically for families. In D¢cember. Artsrcach was d¢lightcd to prescnt a show sp¢cifiLolly dcsig>i)ed for care l)oii)¢% in partnership with 2 Colien Car¢ hom¢b. Spiltmilk perfomied 'Wondcrlaiid' lo 41 rcsideiits iii Sium)insl¢r Ncwton and Slierbonie.. 'Our resldents were Absolutely enchanted ivith the shoiv and iverc totally tncsmer15ed by evcrythlng golng on ivlih the performers. Thc perfornier5 engllgcd so lyell iylth every 51ngle resldenl, for those usU11Y coine to ob5ervc rather thlln pllrticipale, I suiy Ihcni rco11>' Immersed In thc songi dance, und story'telling. Wilh the support of Dorset Natioiial Laiidscapc'5 Sustaii)able Developniei)I fund, Artsreach Commissioned Bristol-b4ised folk band The Loiigcst Jol)ns lo write a new soiig capiuring ihc history and tradilions ofquarrying arolind tlie Jiirassic Co851. Th¢ lyrics and song seores for 'Drop the Flammerf were shic red with variou5 Dorset choir5. before 36 singers from 5 choirs eame iogi¢iher wilh The Longest Joku)s to rLcord 'Drop the Hillnmel livc al The Mowlem, Swa1141ge in January 2024. The Subsequent film was premiered a5 part of Tlie Lon&Fcst Johns album IIlLincli coi)cert in Sivanag¢ in Februury 2024 aiid lo dale. has received over 42,000 vi¢ws on Yoiitube. This projcci denionstrates tl)e strong impact siich conununity activity can liave by offerin8 participation, stimulation. ond ac¢¢55 to all ages. Audience Development Artsreach aims lo raise its proli1¢ and improve the markcting of all ¢v¢nls associated with it. To inlonn Illiirkctiiig approaches Artsr¢ach condiicts aiidiencc siirveys at its vei)iies to gaiii a greatcr iinderstanding of tlie make-up of its audiciices throiigh data capttir¢. These 5urYeys werc analysed using Clilture Coiiiils in 2023-24, wliilst ACE resolved issues with Illiimin&te - a platfonn which will become mandatory for NPOS to use. Page 4
Art$rea¢h (Registered number: 03247940) Report of the Trustees ror the Year End¢d 31 Imarch 2024 OWECTIVES AlD ACTlVI'fiES In 2023124, 16Q/o of aLidicnces surveyed indicdted that they were tteiiding ali Artsr¥ach event for ihe first liine. Sii]veys also indicated that 470/0 of aiidiences travelled less tliai) four miles to attend an Artsreacl) event, aiid 92Q/o of those survey¢d agreed that Ansreach cvenis lielp lo reducc lonelii)ess and isolation in rural eommiinities. 'Artsreach must bc the best rural arts programme In the UK. NVE LOVE ivhllt you do. My kld5 havc been going 51nce they were 3 (now in Ihelr 20's). IMY pnrents go. Old ond young friends In vlllages go. The (iuHllty Is #nio7.ing e5peelally for the prlcc and the v8rlety. Ploase keep It up and thAnks to #ll the volunteers., Audiencc Feedback 2023-24 Excellent relationships have beeii maintained with local joumalists and radio stations. and this lielped to proinote both th¢ perfomionee pro&Frainme. and hddilioiial project activity. Artsreli ¥li has a150 ¢ontiniied to grow a good following on social media with ovcr 4.200 'Followers' oil fAcebook. 6.300 followlrs on TwiiiLr und 1,980 followers on InsiagTam. Artsrcacli coniinue% to produce a l)ig?h-qiiality priiited bro¢lIU for ¢ach of its 3 seasons. This is posted direcily 10 over 1,400 houscliolds aiid distribiited widcly across Dorsci lo outlets. including iourist infonnalion ceiitres and libraries. Th¥ progruinme is also availablLb lo vieiv online iii digTital fonnat. Publlc benefit Thc tnislces hav¢ had due regard lo th¢ Charity Cominission guidtsnce on public benefit. Activiiies for the public beiiefit are OEltlined abovc. FINANCIAL RF.VIEW FlnAn¢lal position Artsreuch continues to providc an excellLnt rettim for the public money Invled in il)c organisation. froin grants lolallii)g £98.284 from Art5 CoLin¢il Eiigl<lnd ai?d Dor%¥t Council. Artsr¢uch invcslcd ovcr £92,1100 in ilrtislic fees to deliver it5 core p¢rfon)ian¢c programmc in 2112.1124, iiidicaling tlie value of Iht aiinucil programmL to ai1ists. Lonii))Linili¢s P<lrti¢iP1¢ liiig in the ArtsrL'aeh prob?rJnimc raiscd over £35.000 for th¢ir own loc81 funds from Ili¢ir share of box office aiid associated eamings from bar5 and raffles elc. Given the conlinued c05t of liviiig crisis and Lii)sctiled finai)cial climalc, the deficit of £4,773 for 2023124 again%1 ll budgeted dLficit of Circa £11,800 rcflccls a conliniicd slrliiegic (Trppioacl) ti¢ ken by Artsreuch to 11)c?intain l¢v¢ls of activity and ¢ontiniic to support i(5 comi)iuiiitics, artists thnd audicnccs. wliilst ¢xploring glicrnotive income slrLai)Is. As 41131.41 March 2024. the charity's unrestricted funds were £128.04] (2023: £134.512) and restricted fvnds w¢re £1.800 (2023: £102). Thc TNslees consider this level of reserves to be sufficient to deliver charitabl¢ obj¢ctiv¢s for the next twelve months. Free reserves are culcLilated by dediictiiig fixed assct% from Ihc unr¢51riclcd (and undesignaled) res¢rves held al the year-end. P&g¢ 5
Artsreach (Reglstered number: 03247940) Report of the Trustees for the Year Ended 31 Imareh 2024 FINANCIAL REVIEW Reserves policy The Trustee5 of Artsreach ¢onsider that certain levels of reserves are required lo run the organisation in an orderly and prudent mani)er. Reserves are held by Artsr¢ach in two funds: Restricted And Unrestricted. Restricted fund5 represeni money eam?arked by tlie donor. The dircclors can only use Ihese funds for lh¢ speeific purpose for which Ih¢y w¢r¢ given. Uttrestricted ndS are divided into two parts.. Designated funds and Other Charitabl¢ R¢serves. These are funds that the dircctors may use for any purpose within the objc¢tives of Artsreach: Designated funds: th¢ directors have decided to designate certain ndS for future us¢: SuLe1cnI funds to cover mnnag¢m¢nt, adininislratioii, activity and SLlPPOrt costs for at least tlircL moiiths. Monics set aside slioLild ihe company ne¢d lo concludc its H¢tivitie5 in an orderly manner and mak¢ lis staff r¢diindant Other Cl)aritablc Funds: reserves whi¢h enable Artsreach siaff to lake advantage of ¢hon¥e llnd opportunities os ihey arise SuffiLienl Designated fiinds w¢r¢ maintained al the level outlined above throiighoul tlie year. The Reserves Policy is r¢viewed annually aiid approved al th¢ board meeting wliich imn)LdiMtcly follows Ihc review. STRUCTURE, GOVERh'Ai%CE AND JANAGE11KN'T Govcrnlng docunient Tlie cl)arily is coiitrolled by ils goveming do¢un)cnl, a dced of tNst, ond constitut¢s a limited compaiiy, limited by giiarantee. s defined by the Companies Act 2006. Ansreach is o cl)aritable company limited by guarnnlce, iiicorpornled on 15 ALigusi 1996 and regislcrcd as a charity on 23 Sepleinber 1996. Tlie con)Pl( ny was eslabli4h¢d uiidLf MeinorandLim of Association which eslgblished the objects and poiv¢rs of ilic ¢111£ ritable company aiid is govcmcd undcr ils Articl¢s of Associatioii. Recrullnicnt inil &ppolntmcnt of new trustees TrustLes arc selcclcd fn)m and by tlie tneiMber5 al the Aniiual Genernl Mecting. The minimum number of directors 1$ three. and Lllitil 50 fixcd there bhall be i)0 maxiinliin niimbcr. Tnistecs will bc appoiiiled lor & thr¢¢-y¢ar term, after which they will r¢tir¢ froin office. Oi)e iliird of Iruslce5 miist retire 1£ nnually. A retiring trustee is eligiblc for re-eleclion. Th¢ maximum nuinb¢r of years Served will be Iiine years aliliougl) Ilicre may bc ¢iUm51nCes when an exceptional appointment may be made for loiigcr to ¢nsiire specific specic?lism is aynilable to the bo¢ird. Induction and tralnlng of neiv Iru51ees Most irus(¢cs arc alr¢Jdy fainiliar the pructical work of Artsrejch. New trustees are invited io meet with the Execiilive Director and the Cl)air of Art.%rcach for an informal traiiiing session and given an ii)duclion pack which iiicludes.. Current Business Plan Meillotaiidijm and Articles of Association AiinLial Report, Aecoiinis and Budget Explanalioii of relatioiiship with funding bodies and overall ftinding 5ittihtion NolLs on the role and responsibilitics of board wD¢mber Miiiiiies of recent board meetings Clirreiit aiid reccnl perfom)an¢e programmes Coi)tacl list for staft'and board m¢mber5 Directors are asked to attend appropriate training opportLinities and events as they arise. Puge 6
Artsrexch {Regi5tered number: 03247940) Report of the Trustees for the Year Ended 31 Imareh 2024 STRucfuRE, GOVERNANCE AND Mi Ah'AGEIMENT Additional governsnco Issues Artsrcacl) i& govcrncd by a board of directors who are elected by ihe membership at the AGM in accordance with the ternis 121 id down in ils Mcnioronduni and Articlcs of Association. Mcmbers Lif Il)is bourd of directors are the trustees ofihe cliarily. Decisions are made by ihe Board of directors at quart¢rly mcetings. Tl)¢ Board of directors rcport on work undertaken. pr¢sent financial a¢¢oiints and appoiiit ali indepei)denl finai)ci&l examiner al ihe Annu¢il General Meetii1g. A stnall st42ff team 15 employcd by Il)¢ B014 rd to impl¢m¢nt dccisioiis Inlldc by thc Bo69rd ai)d lo manage Ilie day-to-day business of Artsreach. A lar&ie network of volunlcLrs bdsed iii die communities within wliieh Artsreacli works 5UPPOrts tl)e starrteam. Our Execiiiive Dircclor works full-iime, 5 days in posi. Our part-time Assistant Director work5 3.0 days in the rolc. A part-tiniL orricc Adiniiiistr?É tor works 20 hoiir5 a w¢ck Oli behalf of tl)e Board l offer thanks And lldmintion to OLif 5m&ll staff team, who chievc so mu¢h mor¢ th<in tl)c slim or tlieii. parts. leY are crL'atiVL. etrici¢nt, ambitious, and coii8¢i¢ntioiis. IiiidLrt<ikiiig Ilicir n)Jny tasks iviih prof¢s.%iondlisii) and good humour. Ai this point I would ftlso like lo express Iny appreciation of ihe OLltstanding commitment of oiir nelwork of volunteer protnolers and to OLir volLlllteer Board In¢mb¢rs who coi)linu¢ lo give so miich lime unselfishly. conscienliously and g¢ncrously in supportiiig tl)e corc staff tcam and IliL organisi1 lion as A wholc. In this regard I cannot thank my fellow Trustees eiiougli for ilieir loyal support for Artsrcach throu&Jhout tli¢ yLar. Rlsk Assessment Artsrcacli produc¢s a business conlinuity risk register lo identify n)ajor risks to the organisalion, outline tlie potential impaet and piii in plucL milig&ling actions. As lllways. ilie major risk faccd by the or¥Jnisation is a rcdLlCtion ii) core fundiiig. In order to Iniiiimise tliis risk, the SC2£ le of unrcstricted aelivilics uiidcrtakeii by Artsre£1ch is finaliscd nnnuc111y, on¢¢ th¢ l¢v¢l of corc funding is known. ArtsrLach is ple£1s¢d to r¢¢¥iv¢ cor¢ fiiiidiiig as part of Arts Council England's NPO portfolio until 2027. Artsrcach also has u funding agreement in place with ils local authority. Dorsei CoLincil. uiilil March 2027. In addilion, dcsignated rescrves arc maintained al a level lo cover management, administration, and support C051S for ai least three months, as detailed in the Artsreach reserves policy abov¢. REFERENCE AND ADIMIIN'ISTRATIVE DEI'AILS Rcg15tcred Company nuinber 03247940 {England and Wales) Reglstercd Charlty numbcr 1058198 Reglstered offlce The Little Keep Birrack Road DDrchc5ter Dorset DTI ISQ Page 7
Artsreach {Regislered number". 03247940) Report of the Trustee5 lor the Year Ended JI Imarch 2024 Trustee8 Ms P Thomas M Newman D Wo(xi I Scott C Mccoll A Mcssage (resigncd 18.9.23) J Mc13cath J Beale Dr D Evans (appointed 18.9.23) J Srnyllie (appoii)ted 18.9.23) Ind¢p¢ndcnt Examiner Ward Goodman Audit Servic¢5 Lid 4 Cedar Park Ferndowi) Industrial Estate Wimborne Dorsei BH217SF Bankers CAF Bank 25 Kii)gs Hill Avenue West Mallii?g K¢nt ME19 4JQ Approved by ordcr ol'ihe board of trustces on ................ . . . . . . and signed on its behalf by: Dwo Page il
Independent Examiner's Rtport lo the Trustees of
Art5regch
Independent exaniiner's report to the trustees of Artsre2¢h ('the COMpny,)
I report to ihe charity tss[eeS on my examinaiion of the accounts ofihe Company for Ilie year ended 31 March 2024.
Responsibilities and b*sis of report
As tlie cliarity's tn15tec5 of tlie C'ompany (and also its directors for the purposes of coinp
Artsreacb Statemet of Fln&nelal Actlvities (Incorporating an Income and Expenditure Account) for the Ycar Ended 31 March 2024 2024 Total fvnds 2023 Total funds Unrestricled funds Restricted funds Notes INCONIE Af*D END0NVNIE'Ts FROIM Donations and lega¢ie5 105,256 31.010 l36.266 114.760 Oiher trading activities Inv¢stment incomc Otl)¢r in¢om¢ 94,500 1.673 145 94,500 ,673 145 85.142 563 100 Total 201.574 31,010 232,584 200.565 EXPEN'DITURE ON Chtsrliable llctivltles Chorit£ible activity 208.045 29.312 237,357 201.459 NET INCOINIEI(EXPENDITURE) (6.471) 1.698 (4.773) (894) RECONCILIATION, OF FUNDS Total liind% broug'l)I lorwurd 134,512 102 134.614 135.508 TOTAL FUPIDS CARRIED TrORIVARD 128.041 1,800 129.841 134.614 The notes fomi part of these financial statements Page 10
ArtsreBch (Registered number: 03247940) Balgnce Sheet 31 March 2024 2024 Total funds 2023 Total fiinds Unrcstricted funds Rc5tricEd nds Notes CURRENT ASSETS Debtors.. amounts falling dLlC wiihin one year Debtors.. thmoiints falling diic after more Iliai) OTr¢ year Cash al bank and in hand 12 6,158 6,158 3.442 12 1.027 124.825 1,027 126.625 1,451 132.431 1,800 132,010 1,800 133.810 137.324 CREDITORS Ainouiits lalling due within one year 13 (3.969) (3.969) (2.7101 I%ET CURRENT ASSETS 128,041 1,800 129.841 134.614 TOTAL ASSETS LESS CURRENT LIABILITIES 128,041 1.800 129,841 134,614 'ET ASSETS 128,041 1,800 129,841 134.614 FUND.S Unrestricted fiinds R¢slriclcd funds 15 128,041 1,800 134.512 102 TOTAL FUNDS 129,841 134,614 T])e charitable coinpaiiy is entitled to exemption from aiidit under S¢ction 477 of th¢ Companies Act 2006 for the y¢ar cnded 31 March 2024. The meinbcrs Iiave nol rLqired ilie co11)1Y to obtain an oudit of its financial slat¢m¢nts for the year ended 31 March 2024 in a¢¢ord8n¢¢ wilh Scction 476 of the Compftnies Act 2006. The tn15tee5 acknowledge th¢ir r¢sponsibilities for (a} cnsuring IhJt the charitable company keeps accounting records that comply with Seciions 386 ¢ind 387 of the Coinpanie& Act 2006 aiid prep1£ ring financial t¢iii¢nts whi¢li giv¢ a tw¢ and fair vicw of the stale of 8ff8irs of Ihc chariiabl¢ company as ai th¢ ¢i)d of ¢ocli fii)ancial year aiid of ils surplus or deficit for eacli liii1c iicial year in accordance witli Ilic rcqiiirLinen15 ot Scciioi)5 394 aii(1395 and whicli oilierwise coniply witl) the requirL'meiils of thL Companies A¢i 2006 reldling Iv rinancicl15tntemeiits. so far ijs applicable to thc Charitable ¢ompony. (bl The notes forni part ofihese financial statements Pagell continucd...
Art5reAch (RegSstered number: 03247940) B¥lance Sheet- continued 31 INIArch 2024 These financial statemenL4 have been prepared in accordance with the provisions appli¢abl¢ to charitable companies subject fo the small companies regim¢. The financial statements were approved by the Board of Twstees and authoris¢d for issue on ......... and were signL.d on its behalf by.. The notes fomi part of these financial statements Page 12
Art5reath 'otes to the Financial Statemcnls for Ihe Ycr Ended 31 imarch 2024 LEGAL FORIM The Cliaritable Company 18 a privalc limited company, rcgi4icrcd in England & Wales, limited by guarai)tce wiilioLIt sliarc capital. Thc liability of the membLrs is liiiiiled to £10 per Incmbcr. The address of the registered oifice can be foiiild in the registered office cali be foiind "R¢f¢r¢nc¢ &nd Administrdliv¢ details" section ol-Il)e Inis¢¢c rLport. ACCOUNTifG POLICIES Basls of preparing the financigl stAtenient$ ThL fin&ncial s¢alcnicnls of Il)e cliarilable company, which is a PLiblic beiiefit entity under fRS 102. hcive been prepared in accordai)cc with th¢ Chilrilie5 SORP (fRS 102) 'Accounling and Reporting by Cliariti¢s.' Statement of Re¥on)mended PiJctic¢ applicabSc lo cliaritics preparing thiir accoiinis in ac¢ord4incc wilh the Pinancial Reportiiig S¢iindii rd uppliciiblc iii ¢l)e UK ai)d RepubliL of Iicland {fRS 1021 (effcctive l JaiiLiary 2019),, Fiiiancial Reportiiig Sttiiidard 102 'Tlie FiIiai)cial R¢porting Staiid£1rd applicnble in Ilie UK aiid R¢piiblic of IrLliind' aiid ihc Coinpanics Act 2006. The financial slalemei)1s have been preparcd linder the historical cos( conveiiiion. Income All incon)e 15 recognised in tlie Statement of Fiiiancial Activities oiice the ¢harity ha5 ¢Dtitlemenl to th¢ funds, it is probabl¢ that the income will be rL'ceived ond Ilie amoiiiil cun b¢ measured reliably. Grants (including thosc receiv¢d from gov¢rnment bodi¢s) are re¢ogniscd where the is ¢nliilem¢nt. certainty of rcccipl and thc amount c&n be meThsLircd witli SLiflicient reliability. Grant income is deferred when the donor specifies use of the graiit to be in the fiiture. or where there a conditions for full ¢nlitlein¢nt aiid those conditions have not yLt bc¢n satisficd. Cash at bank llnd In h4nd Cash lli b11 nk and Cil 8h in l)Iind inclLides Ci£ sh llnd short ternj highly liqiiid investments with A sliort maturity of thre¢ moiiihs or ILSS froni (lie datL ol. acqiiisilion or op¢i)in&F of Il)c dcposil or similar accoiiiil. Creditors ond provisions Creditors and provisions &re recognised where the charity has a present obligation resiilting from a Pic St event that will probilbly resiilt in ilie Iransflr of fuiids to Él tliird party and the amount due to scttle Ilie vbligFAtion can be me¢isiir¢d or cslimaled r¢liably. Crcdiiors and provisions arc nomially recogniscd al Il)eir Iransaclion price after allowiiig for any trade discouiits due. Government Rrllnts GoveniinLnl graiits slixll be re¢ogJ)ised iii profit or loss on a sysl¢m¢1ti¢ bosis ovcr the periods in which the cnlity r¢¢ogniscs as ¢xp¢nscs Ilie rclatLd costs for wl)iLli tliL granis arc intendLd to compe115ate. I xpcnditurc Liabilities arc recognised as expeiiditure a5 50011 a5 tlierc 15 a legal or con5tTUCtivc obligation eommitting the Charity to that expendittire, it 1% probablc Iliat a Iran%f¢r of ¢conomi¢ beii¢fils will be reqiiircd in seltlcin¢i)l and the amouni of Il)c oblig¢11ion can bl IljLagurcd reliub5y. Expciidilure is accoiinled for 01) an accruals basis &i)d has bcen cla55ificd iindcr hcudings that u&'¥regil(e (111 cost rclaled io tlic eiltegory. Wlicre eosts cannot bL directly attribLiied to P£lrticii141r lie£1dings tl?ey h£lve been alloLated to aLliviliLs on a b3415 consistci)t with th¢ lis¢ of resoiir¢es. Grants offered siibjecl to conditions which have not been met at the year end datc are noted as a cominitm¢i)I but not accnicd as exp¢nditiir¢. Taxutio Tlie cliariry is excmpl from corporatioi) tax on ils charitable activities. Fund accounting Unrc5tii¢i¢d funds can bc iiscd in accordance witli tlie chari¢able objectives llt tlie discretion of Ilie In15tee5. Page l3 continued...
Arlsrea¢h Notes to the Financial Statements- continued for the Year Ended 31 Imarch 2024 ACCOUh'TIIN'G POLICIES- continued Fund gccounting Restri¢ted funds can only be Lised for particular reStricd pury)oses within Ihe obj¢¢ts of the charity. Restrictions arise when specified by the doi)or or when fund5 are raised for particular restricted purposes. Further explanation of Ilie nature and purpose of each fund is included in die notcs to the financial sthtemenrs. Penslon costs nd other post-retiremcnt benefits The cl)aritable coiiipany opcrates a defined ¢ontribiition pension scheme. Contribiition5 payable lo the charitabl¢ ¢ompany'.s pension sclieiiie are charged to the Staiement of Financial Activities in Ili¢ period to ivhich tliey relate. Debtors prepayments Debtors and prcpayinents are recognised al the transaction price where an entity has a pr¢s¢nt obligation resulting from a pa81 ¢vcnt that will probably result in th¢ Iransler of fvnds from a third party lo Ilie cl)arity and the amount diie to settle the obligation can be mcasured or estimoled reli8bly. DONATIONS AND LEGACIES 2024 2023 Donaiions Gift aid Gran15 3,169 506 132.591 4,292 654 109,814 136,266 114,760 Grants received. incliided in the Above, are as follows.. 2024 2023 Arts Council England Dorset Coiincil Valentine Tnist Other projccts Culwre In Common 56,337 47,222 3,000 3,172 22,860 56,337 45,447 3.000 5,030 132,591 109,814 Page 14 continued..-
Artsreach Notes to the Financial StAtenients- continued for the Year Ended 31 Imarch 2024 OTFIER TRADIPG ACTIVITIES 2024 2023 Perfornianee evenls Sponsorship% Other project income 93.536 250 714 84,642 500 94,500 85,142 IrVESTNk IENT INCONI IE 2024 2023 Deposit account interest 1.673 563 GRANTS PAYABLE 2024 2023 Charilablc activity 500 The total grants paid lo inslitulions during ihc year was as follows: 2024 2023 Projccl Dance 500 SUPPORI. COSTS Miina¥cmenl Financo Totsls Charitable activity 10,501 1,770 12,271 iYET INCOITrlEI(LXPENDITURE) Net incomcl{expenditurel is slated ufter chargingl{cr¢diting)'. 2024 2023 Iiidepcndenl Examination 1,470 1,350 Page 15 continued...
Artsreacb 'ote5 to the Flnjnelal StgtementS- ¢ODtinued ror the Year Ended 31 iNIarch 20Z4 TRUSTEES, RENI iuf*ERATION AND BE,EFITs There w¢re no trustees, remuneration or oiher benefits for the year ¢nded 31 March 2024 nor for the year ended 31 March 2023. Tru$tee5' expenses There were no Itust¢e5' expenses paid for thc year ended 31 March 2024 nor for the year ended 31 March 2023. io. STAFF COSTS 2024 2023 Wages Kind salnries Sociol s¥¢iirity Costs Other pension costs 80,144 2,294 2,150 67,985 1,614 1,843 84,588 71.442 Tlie average monthly number of employees diiring the year was as follows.. 2024 2023 Head Count No employecs rc¢eiv¢d ¢molLiments in excess of £60,000. COINIPARATIVES FOR I'HL S1'ATEI'T OF FINAi%CIAL AcfiviTIES Uiireslricted funds Restricted ruiids Total fiinds INCOME AND ENDOWINIEh'TS FROM DonAiions And legacies 103,530 11,230 114,760 Oiher lrnding activities Investment income Oiher income 85,142 563 100 85,142 563 100 Total 189,335 11,230 200,565 EXPENDITURE ON Charit#ble #ctivlties Charitdblc aciivily 189.729 11.730 201,459 NET INCOIMEI(EXPENDITURE) (394) (500) (8941 RECONCILIATION, OF FUhU)S Total fuiids broughi lonvard 134.906 602 135.508 Page 16 continued...
Artsreach iN'ote5 to the Financial StateTnent5- continued for the YeAr Kndcd 31 iTrlarch 2024 ii. COIMPARATIVES FOR THE STATEIENT OF FI,ANCIAL ACTIVITIES- continued Unrestricted Re%lricted nds funds TOTAL FUNDS CARRIED FORWARD 134,512 102 134,614 12. DEBTORS: AIMOUNTS FALLIN'G DUE WITHIN 0,E YEAR 2024 2023 Otlicr debiors Prepayments aiid accrued income 3,468 2,690 3,017 425 6,158 3.442 Included within current assets on the balance sheet is £1,027 (2023'.£1.451) worth of prepayments falling due over more than on¢ year. 13. CREDITORS." AITrlOUNTS FALLING DUE WITHI1% Oi%E YEAR 2024 2023 Accrued expenses 3.969 2.710 14. LEASING AGREEMENTS Minimum lease payments linder non-canLellable operating leases fall duc as follows.. 2024 2023 Within oiie y¢ar BctwecTr one and five years 5,698 1,630 3,234 809 7.328 4,043 Page 17 continued...
Art5reach 'otes to the Flnanelal Statements- contlnued for the Year End¢d 31 iTrlarch 2024 15. ,mOVE]ENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrlcted funds General fund Bi8 Pictur¢ 133,432 1.080 (5,971) (500) 127,461 580 l34.512 (6.471) 128.041 Restricted funds Gulbenkian New Forest Rural Touring Progrnmme 102 (102) 1,800 ,800 102 1,698 1,800 TOTAL FUI%DS 134,614 (4,773) 129,841 N¢l movement in fund5. included in the above are as follows.. Iiicoming resources Resou¢5 expended Movement in fund5 Unrestrlcted funds CI¢n¢ral ftind Big Picmre 201,574 (207,545) (500) (5,971) (500} 201.574 (208,045) (6,471) Reslrlctcd funds National Iiiii Croivd Initiative Summer SupplcmLnt GLilbenkian New Forcs¢ Rur£il Touring Programme Dor%¢t C'ouncil - SDF Grant NRTF Grants 2,570 3,000 (2,570) (3,000) (102) (21.060) (2.000) (580) {102) 1.800 22,860 2,000 580 31,010 (29.312) 1,698 TOTAL FUNDS 232,584 (237.357) {4,773) Page 18 continued...
Artsreae Note5 to the Flnancial StateJneuts- contlnued for the Year Ended 31 Mor¢h 2024 15. MOVEMEN'T IN FUNDS- contlnued Comparatlves for movement In funds Nel niovement in fuiids Ai 31.3.23 At 1.4.22 Unrcslrlcled funds GenLral ftind Big Picttir¢ 133,826 1,080 (394) 133,432 I,o¥o 134.906 (394) 134,512 Restricted funds GLilbcnkian 602 (500) 102 TOTAL FUi¥4DS 135,508 (8941 134.614 Compardlive nel movemenl in funds. inclLid¢d in Ili¢ above arc as follows: Iiicoming rL50ufcLS Rcsolirces cxpciidcd Movemcnl ii) tund% Unrestrlctcd funds ti¢neral fund 189,335 {189.729) {394) Reslr5ctcd funds Na¢ional Ini) Crowd Initiative Siimnier Suppleinent NRTF Diinu¢ Ambassador Giilbenkian Amold Clark Foundolion - Daiidelion Projccl 3,330 6.500 400 (3.330) (6,-fjOU) (400) (500) (500) 1.000 (1,000) 11,230 (11.730) {500) TOTAL FUNDS 200.565 (201.459) (894) Page 19 continiied...
Art5reAch r4ote5 to the Financial Statements- contlnued for the Year Ended 31 Ilreh 2024 15. I IOVEIllENT IN FUNDS- continued A current year 12 montlis and prior year 12 months combined position is os follows: Net movement in fuiids At 31.3.24 Ai 1.4.22 Unreslrlcted funds Geiieral fund Big Picwr¢ 133,8?6 1,080 (6,365) (500) 127,461 580 134.906 (6.865) 128,041 Restrletod funds GiilbL'nkian New Foirst Rural Touiing Programme 602 (602) ,800 1,800 602 1,198 1,800 TOTAL FUNDS 135,508 (5,667) 129.841 A ciiyr¢nl year 12 months and prior year 12 moiiths combined nei movement in funds, includcd in the above are as lollows.. Incomi118 resource5 R¢sources expended Mov¢m¢nt in funds Unrestrlctcd funds Cyeneral fund Big PiLtur¢ 390.909 (397,274) (500) (6,365) (500) 390,909 (397,774) (6,865) Restrlcted fund5 Niltlolliil Inn Crowd Initialivc Slimmer Suppleinei)t NRTF DJn¢¢ Ambassador GLilbenkii?n Arnold Clark Foiindation- Dttndelion Project New Forest Rural Toiiriiig Programme Dorset Couiicil - SDF Grant NRTF Grants 5,900 9,500 400 (5,900) (9,500) (400) (602) (602) ,000 22.860 2.000 580 (1,000) 121,060) (2.000) (580) 1.800 42,240 (41,042) 1.198 TOTAL FUN'DS 433,149 (438,816) (5.667) Purposes for funds NRTF Dance Ambassador restricted funds to Artsreach as dance ambassador of tlie RTDI lllliional pmjcct to support the embedding of dance a5 part of its regular programming activity on a Continuing basis Page 20 continu¢d...
Art5reach IN'otes to the Flnanclal Statements- eontlnued for the Year Knded 31 Imarch 2024 15. I IOVEIMkNT Ill FUNDS- Continued Siiinmer Suppleinent restricted for thc purpose of delivering a programme of children's ¢r¢ativ¢ worksliops across nirnl Dorsci during Ihc school .4ummer holidays Naiionlc I Inn Crowd Initi<ltiv¢ restricted fviids from a national projecl enabling Artsr¢a¢li to support live perfomances in rural Dorsct pubs (2019-23). Gulb¢nkian this rLprc5¢nls the Artsrcacli C&loiisl¢ Giilbenkian 'Dors¢l Rural Fiind,, wholly funded by th¢ Gulbenkian Foundation and resiricled lo the implemenlalion of Ilie foundalioi)'s Rural Arts Policy in Dorscl. Big Picture - Dcsignjted lor visual arts projecis. Arnold Clark Folindii tion by Luk¢ Broivn Dqnce D1£ ndelion Project fviids given to support the development of 'WAlk of tlie Dandclion, Ncw Forest Riir81 Touriiig Progranim¢ - Reslrict¢d fi]nds from Ciilttire in Commoi) lo dclivcr g pilot rural touring Pl'og?ranimc ii) Ilie New F*orcsl pthrt of lin Arts Loiiiicil Creu¢ivc Pcople aiid PlacL% projeei. Dorscl Coiincil SDf CJrai)I fiiiiding io siipport thi conimi%%ioii and crenlion of a new song aiid film by Tli¢ Long¢st Joliiis, capturiiisF Dorsct's quarrying liL'ritagL' in a cotnniuiiity pi'oject. NRTF Gn)nts T() support siaff dcvLlupmcnl by Jllending the national confcrL'nce. and a burs&ry lo support siaff atlendc?nce at th¢ Edinbiirgli Friiige fcslival. 16. RELATED PARTY DISCLOSURES Tnistees dollaled amounis iotallii)g £700 (2023..£1,01 O) withoiit eonditiorts in the year ended 31 March 2024. Page21