Company registration number: 03247940 Charity registration number- 1058198 Artsreach IA company limited by guaranteel Report of the Trustees and Unaudited Financial Statements for theyear Ended 31 March 2025 Ward Goodman Audit Services Limited 4 Cedar Park. Cobham Road Femdown Ir)dustrial Estate, Wimborne Dorset 8H217SF
Artsreach Contents Itontinued) Trustees, Report Itolo Independent Examinerfs Report li Statement of Financial Activities 12 Balarn Sheet 13to14 Notes to the Financial Statements 15to25
Artsreach Trustees, Report The trustees who are also directors of the charity for the purposes of the Companies Act 21J)6, present their report with the financial Statements of ihe charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 the Republic of Ireland IFRS 102) leffertNe l January 2019). Objectives and artivitie5 Introduction & Vlslon Artsreach is a pioneering charity which, for over thirty-fFve years. has been committed to enriching the lives of people in Dorset by connetting and empowering rural tommunities through creative and cultural experiences. Artsreach has firmly consolidated its position as a key cultural provider within the county. receiving regular core funding from both Arts Council England and Dorset Council for many years. Mlsslon Partner with a network of volunteers aNI empower them to programme, promote and present culturol activities in their communty venues. Present a diverse range of high*uality cultural activities which support the health and well-being of the rural community. Stimulate community development through engagement with cultural actNities and support vital community resource5 such a5 village hall5. Support a diverse range of artists. companies and creative practitioner5 and provide opportuntties for artists. development. Engage with public bodies. business, education and community organisations and work in partnership to develop a thriving Cultural offer across rural Dorset. Build a sustainable and resilient organisation for the future. Artsreach will be: Ambitious - in its programme of cultural activity Inclusive offering opportunities for all Collaborative- working in partnership to achieve its vision Supportive- of its volunteers, artists, audiences and staff ResF)onsible considering the environmental impart of its artivity Summary of the maln achievements April 2024- Marth 2025 The Artsreach 8oard is very grateful for znd appreciative of the hard work and dedication of the Executive Dirertor ond her small staff team during the past year. They all work very effectively wff(h trustees to identify and mitigate fLrture ch3llenges. whilst delivering a varied and extensive countywide programme of cultural activity. Throughout 2024-25. Artsreach continued to be supported by core grant funding from both Dorset Council (DCI with an agreement until March 2027. and Arts Council England IACEI. currently agreed until March 2027, eurIng that the organi53tion can continue to present professional live performance and creative art5 activÉties with communities acr055 Dorset. Funding from these two major parties is recognition of the important role Artsreach plays in Dorseys cultural landscape and is testament to the h3rd work of its network of volunteer promoters. However. in real terms, the on80ing 'stand5till' funding from both core funders represents a c, given the inflationary pressure on Artsreach'5 expenditure. Page I
Artsreach Trustees, Report (continued) Throughout 2024-25 Artsreach continued to refine and improve its 8overnance responsibilities, building on the work of the previous year by running a sub-group model to review and discuss areas such as finance. alongside progre55 about aspects of the business plan. both in relation to ACE Investment Principles. and DC prioritles. This model continues to provide an opportuntty for reflertion and evaluation which is both useful to the executive and valued by the Board. The Board also implemented the ACE concept of having a dedicated Board Environmental Champion. Following a Board and Staff awayday held in March 2024 and focussing on developing an income generation strategy, the Finance Sub-Group moved forwards With creatin8 a fixed-terrn Business Development Officer post, to be underwritten from reserves and commencing in Au8USt 2024. In February 2025. a variety of concerns led to the decision not to extend the contract beyond the posvs probation period. Subsequently the Board and Staff shaped a plan for revisifing a Business Development Strategy and >Year Plan at a dedicated Away Day in May 2025. By utilising an annual 'skills audiv of trustees. the Board were able to identify gaps in its collective make-up and undertook another round of trustee recruitment in order to 5UPPOrt Artsreach across all of its activities and funrtions. Having sought expertise in health, finance, fundraising and HR. as well as representation from the volunteer promoter networl 4 new trustees were appointed at the 2024 AGM. Artsreach also has an ongoing proEramrne of 5UPPOrt and development for its network of volunteer promoters, regularly sharinE information around funding and training. plus news, top tips and other important information. In June 2024 Artsreach a150 ran a bespoke 'LightinE Training Workshop. for volunteers who either provide technical support from their community venues for touring companies, or who were looking to upgrade equipment and learn more about lighting events in village hall spaces. Artsreach Attivity Programme Perfomiance Programme Artsreach continues to be widely iecogni5ed for the quality of its performing arts programme and its innovative approach to offering hi8h quality professional shows and workshops in rural community venues. In 11 art forms the programme includes challen8iTrg and innovative worK such as- the promotion of new work by tompanie5 With whom a good partnership has been established. and whose reputation for challenging and entertaining work is based upon the careful monitoring of rent performances- • the promotion of new writin& programming work with a cross-cultural and diverse focus. and involving international artists and performers: the promotion of new companies whose physical style or challenging ideas extend the exlstin£ programme offered by Artsreach. The 2024-25 performance programme featured a totsl of 123 live performance5 and was extremely well received, attracting a total attendance of o¥er 9,990 and giving a buoyant average event capacity of 77% across the year. The proEramme included over 50 local. reEional. national and international art15ts across the genres of theatre ladult and CYPI, dance. circus. music, storytellinE and poetry. and were promoted through a network of around 220 volunteers in 43 rural o)mmunities across Dorset. Around 815 instances of volunteering Saw over 5.121 hours gwen to supportsng the main performance programme alone. Page 2
Artsreath Trustees, Report Icontinued) Within the year, Artsreach wa5 particularly proud to underwrite performances of two new pieces of work emerging from Dorset: wrtter IDirector Ed Viney staged a tour of his new work 'Pot lickerf. touring to two rural spaces Wlth Art5reach as part of a wider south west tour. Dorsetborn Theatre presented their new Show 'Fort' in two village hall spaces. In both instances. Artsreach invested time in supporting the companie5 to understand what is needed to adapt and present work for non-traditional theatre 5pace5. Artsreach also supported the newly established 'ScripVs The Thin¥ 5criptwritin8 festival to deliver tWQ POP-UP events in Sturminster Newton and Swanage. Artsreach continues to pride itself on the quality of the work it curates and presents. This is monitored by règular performance attendance and consequent show report5 by both staff and Board members. 3longsid& return forms from volunteer promoters, and peer review. The quality of the experiencÉs of Artsreach audiences in 24125 wa5 captured via e-5urvey and analysed using 'Culture Counts,; 78% of audiences surveyed rated the event they attended as'ExcellenV. 16% as'very Good. and 5% as'Good'. °Artsreuch provides occess to really interesting and high quolity performonces/produrtions. All I have attended In the last year have been excellent, with JD and Nikki being the 5tand-OUt. 6reL7t curotion.. keep it coming. Audience Comment, 24-25 Artsreach continued to provide a range of high-quality perfomiarKes for children and families, with 22 performances of 12 productions programmed. including a free circus show in Swanage town centre by 8 pan-European contemporary Circ company. and two performances in a touring storytelling tent. To address the social isolation of famil5. older people and those less mobile in our rural communities, Artsreach continues to work with its volunteer network and seek partners in order to offer more matineeldaytime performances. Over 1.400 people attended 19 matinee events acros5 the winter months, reflecting a demand for these performance> "1 ¢7m a person who lives olone in a rurol community and o non-driver on o tight budget so Artsreach is tin involuoble woyfor me to become part of my local environment." Audience Cornment. 24-25 Several companies programmed by Artsreach offered additional workshops whilst in the county. enabling greater participatory engagement with cultural artivity for Dorset residents. Folk band Counterfs Creek led an instrumental workshop for 11 musicians {8 adults and 3 young people) in Shilling5tone, whilst the UK'S leading Choro band. Alvorada, led a Brazilian rhythms and Songs workshop for 12 people in 5wana8e. Acrobatic duo Nikki & JD led an acrtrdance workshop for 7 adults in Halstocl whilst arcus artist Poppy Plowman led a tightwire workshop for 16 children in Sturminster Newton. 57 people took part in Balkan & Yiddish dance workshops led by She'Koyokh in Swanage and Sturminster Newton. whilst Norwegian dance company Panta Rei Oan5eteater led a workshop for 16 Members of two old people's dan group5, all aged 65+. 16 members of the same two dance groups a150 took part in a workshop led by performer Solene Weinachter. and 10 member5 joined Pagrav Dance for an Indian Folk Dance workshop. Pa8rav dance also spent a morning in Broadmayne First School. enabling 150 pupils aged 4-9 years to create a large Rangoli which now hangs in the school. Children's Theatre companies Squashbox, Fideri Fidera and Scarlet Oak each lèd various puppetry. puppet making and drama workshops for 120 children across 8 communities, with Squashbox also leading an additional workshop for 7 children with additional needs and theirsupport worker& Proletts Artsreach was successful in securing a second year of delivery as part of the New Foresys Culture in Common programme. co-ordinating and projett managing a pilot rural touring programme of 13 events to 6 communrties across the New Forest district. Artsreach h35 been invited to deliver a third year of activity in 2025-26 and are in conversation with Culture in Common abolrt the le8acy from this work. Page 3
Artsreach Trustees, Report (continued Alongside other National Rural TourinE Forum {NRTFI touring scheme members. Artsreach remained a pre5entin8 partner as part of the 2024-25 Rural Touring Dance Initiative IRTDII. and Circus Around and About 2,. a south-west touring circus project, funded by an Arts Council England. A total of 4 circus and 2 dance performances from 5 companie5 took place, and Art5reath staff invested time in supporting the project evaluation process as national partners prepare to exploring further funding support for touriT)g work of this genre. Artsreach also had significant input into the development of on innovative new partnership project commissioning, developing and touring theatre and drama across the rural tOLÈring nehvork in En8land. Following a successful application to Arts Council England by lead partner Applause. Artsreach will lead and co-ordinate the South West commissioning hub, with activity due to start in 2025-26. In Summer 2024, and with the support of Dorset Council and the Valentine Trust, Artsreach deliverèd another successf ul programme of creative events and workshops for children during the school holidays, with certain workshops again forming part of 'Summer in Dorset,, a Oorset Council led programme of holiday activities for children in re¢eipt of free school meals. A total of 17 workshops/performances took plao. attended by over 470 children aged 4yrs+. Within this programme. Artsreach supported Dorset based Treehouse Theatre with their community project, The Shaftesbury Tales. Alongside input into and throughout the projecys development. Artsreach supported two performances in Corfe Castle and Fontmell Magna which were attended by over 165 people. Additional community involvement was also enabled with Sturminster Newton Amateur Dramatics Society, and Double Act from Corfe Castle. plus Remix ond Allsort'd. 8roup5 for children and young adults with additional needs, and pupils from St Andrew's School. Fontmell Magna. In December. Artsreach was delighted to welcome back Spiltmilk Dance to perform Wonderland,, a show specifically designed for care homes, in partnership with 2 Colten Care homes. Over 25 residents in Sturminster Newton and Sherbome enjoyed the performances. onderland was ob50Jutely beautiful ond $0 much fvn Our residents so enjoyed it. One scid, "ft's fvn to art childlike agoin" and anothersaid Yhot wos obsolutely enchonting". Care Home Activities CTrOrdinator The Ridgeway Singers and Band performed the seventh annual Artsreach Barnes Tea celebration to a capacity audience of 150 at The Exchange in Sturminster Newton in February 2025. Supported by a Dorset Council Community & Culture Grant, Art5reath were also able to liVstreaM this event. with over 40 devices and an estimated 120 viewers online, including at least 2 Dorset care homes live-streaming the event to their residents. lounges. In addition. Artsreach were able to send creative activrty packs to 80 care homes ahead of the event, with one care home feeding back that they made Dorset buntin& learnt Linden Lea and prepared cream tea for the live stream everrt. Artsreach remains committed to exploring di8ital work in its future programmes. Audiente DeveliJpment Artsreach aims to r315e its profile and improve the marketing of all events associated with it. To inform marketing approaches Art5reach conduds audience suNeys at its venues to gain a greater understanding of the make-up of its audiences through data capture. These surveys were analysed using 'Culture Counts, in 2024-25. Page4
Artsreach Ttee$, Report Icontinued) In 2024125, 20% of audiences sutveyed indicated that they were attending an Art5reach event for the first time. Surveys also indicated that 47% of audiences travelled less than four mile5 to attend an Artsreach event, and 89% of those Surveyed agreed that Art5reach events help to reduce loneliness and isolation in rural communitie5. "It was o memorable evening of greot music in a packed venue. We Sat next to o lady in hereighties who said it had given her o Tea50n to go out and shefoundit energ1sin Audien Feedback 2024-25 Excellent relation5hip5 (Qlltinue to exist with local publications and community radio ststions. and this helped to promote both the performance proBrarnme, and additional project activity- Artsreach has also continued to grow a strong online presence. with a 7% increase in Facebook follower5 (over 4.4001 and 21% increase in Instagram to over 2.250 followers. Subscriptions to the Artsrexch e-newsletter also grew by 6% across the year to over S,220. Artsreach continues to produce a high-quality printed brochure for each of its 3 5ea50ns. This is posted directly to over 1,400 households and distributed widely across Dorset to outlets including tourist information centres and libraries. The programme is also availa1e to view online in digital format. Public benefit The trustees have had due regard to the Charity Commission guidan on public benefit. Activities for the public benefit are outlined above. Financial Revlew Flnancial Position Artsreach continue5 to provide an excellent return for the public money invested in the organisation- from grant5 totalling £101,017 from Arts Council EnE13nd and Dorset Council, Artsreach invested over £94,500 in artistic fees to deliver its core performan programme in 2024125. also indicatlng the value of the charitws annual programme to artists and creatives. Communities participating in the Artsreach programme raised and retained over £32.000 f rom their share of box office and associated earnings from bars and raffles etc,. this again an excellent return on investment specifically for Dorset Council. who's grants to Artsreach total £44,680. Given the ongoing unsettled financial dimate. the profit of £6.237 for 2024125 against a budgeted deficit of circ8 £11.700 reflects a continued strategic approach taken by Artsreach to maintsin levels of activity and continue to 5UPPQrt its communities, artists and audieeS, whilst exploring alternative income stre3m5. As at 31st March 2025, the charity's unrestricted funds were £121.07812024: £128.0411 and restricted funds were £15,CMJJ12024'. EI.8001. The Trustees consider this level of reserves to be sufficient to deliver charitable objectives for the next twelve months. Free reserves are calculated by deducting fixed assets from the unrestricted land undesignatedl reserves held at the year-end. Page S
Artsreath Trustees, Report (continued) Re5erve5 policy The Trustees of Artsreach consider that rtain levels of reseNes are required to run the organisation in an orderly and prudent manner. Reserves are held by Artsreach in two funds: Restricted and Unrestricted. RESTRICTED FUNDS represent money earmarked by the donor. The directors can only use these funds for the specific purpose for which they were given. uNRESTR1Eo FUNDS are divided into two parts: Designated funds and Other Charitable ReseNes. These are funds that the directors may use for any purpose within the objectives of Artsreach: Designated funds: the dirertor5 have decided to designate certain funds for future use: o sufficient funds to cover management. administration. activity and support costs for at least three months. o monies set aside should the company need to conclude its activities in an orderly manner and make its stsff redundant Other Charitable Funds: reseNes which enable Artsreach staff to tske advantage of change and opportunities as they arise Sufficient Designated funds were maintained at the level outlined above throu8hout the year. The Reserves Policy is reviewed annually and approved at the board meeting which immediately follow5 the review. Structure, Governance and Management Governing dotumenl The charty is controlled by its Eoveming document. a deed of trust, and constitutes a limrted company, limited by guarantee. as defined by the Companies Art 2006. Artsreach is a charitable company limited by guarantee. incorporated on 15 August 1996 and registered a5 a charity on 23 September 1996. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. Recruitment and appolntment of new trustees Trustee5 are selected from and by the members at the Annual General Meeting. The minimum number of directors is three. and until 50 fixed there shall be no maximum number. Trustees will be appointed for a three-year term. after which they will retire from office. Or)e third of trustees must retire annually. A retiring trustee is eligible for re-election. The maximum number of years served will be nine years although there may be circumstances when an exceptional apwintment mèy be made for lon8er to ensure a Specific specialism is available to the board. Page 6
Artsreach Trustees, Report (continued) Induction and training of new trustees Most trustees are already familiar with the practical work of Artsreach. New trustees are invited to meet with the Executive Director and the Chair of Artsreach for an informal training session and 8iven an induction pack which includes: Current Bu5ine55 Plan - Memorandum and Articles of Association -Annual Report, Accounts ond Budget Explanation of relationship with funding bodies and over311 funding situation Notes on the role and responsibilities of board members Minutes of recent board meetings - Current and recent performance programmes - Contact list for staff and board members Directors are asked to attend appropriate training opportunities and events as they arise. Additlonal governance issue5 Artsreach is governed by a board of directors who are eletted by the membership at the AGM in accordance with the terms laid down in it5 Memorandum and Articles of Association. Members of this board of directors are the trustees of the charity. Decisions are made by the Board of directors at quarterly meetin8& The Board of directors report on work undertaken. present finarKial account5 and appoint an independent finantial examiner at the Annual General Meeting. A small staff team is employed by the Board to implement decisions made by the Board and to manage the day-to-day business of Artsreach. A large network of volunteers based in the communities within which Artsreach works supports the staff team. Our Executive Director works full-time. 5 days in p05t. Our part-time Assistant Diredor works 3 days in the role. A part-time Office Administrator works 20 hours a week. On behalf of the Board I would like to thank our talented staff who continue to confound post-pandemic trends by achieving more and more year on year in very challenging times. We deeply appreciate their efficiency, creativity, and ambition for the or8anisation. undertaking their many tasks with professionalism and good humour. As a result, it ha5 been brilliant to See audiences return to prpandemiC levels. appreciative, as ever, of the quality of Artsreach's cultural offer. I would also like to express my appreciation of the outstanding contribution made by our network of volunteer prornoters in supporting audience development and in welcoming performing artists into their communitie5. Finslly, and especially, I would like to highlight the comTnitment of our volunteer Board member5 who 8ive 50 much time unselfishly> conscientiously and generously in supporting the organisation. I cannot thank them all enough for their loyal support throughout the year. Page 7
Artsreach Trustees. Report (continued) Risk A55e55ment Artsreach produces and regularly review5 a Bu5ines5 Continuity Risk Register to identify major risks to the organisation. outline the potential impact and put in place mitigating action5. As always. the major risk faced by the organisation is 3 reduction in core funding. In order to minimise this risk. the scale of unrestricted activities undertaken by Artsreach is finalised annually. once the level of core funding 15 known. Artsreach 15 pleased to receive core funding as part of Arts Council England'5 NPO portfolio until 2027. Artsreach also has a fundin8 agreement in place with its local authority, Dorsèt Council, until March 2027. In addition. designated reserves are maintained at a level to cover management, administration. and support costs for at least the months, as detailed in the Artsreach reseNes policy above. Reference and Administrative Detali 5 Charity Registratlon Number: 1058198 Company Registration Number: 03247940 Registered Office: The ttle Keep Barrack Road Dorchester Oorset DTI ISQ Independent Examiner: Ward Goodman Audit Services Limited 4 Cedar Park. Cobham Road FÈrndown Industrial Estate. Wimborne Dorset 8H2175F Bankers.. GAF Bank 25 Kings Hill Avenue West Malling Kent ME194JQ Page 8
Artsreach Trustees. Report (continued) Trustees and officers The trustees and officers serving durirE the year and since the year end were as follows: Trustee5: J S Smyllie J Stein {appointed 3 Ottober 20241 Iwscott SJ Wade lappointed 3 October 20241 P A Thomas DJ Evan5 M A Newman S McLaughlin {appointed 3 Ortober 20241 F Hurrell (appointed 3 Odober 20241 J McBeath Iresi8ned 3 October 20241 C Mccoll (resigned 3 October 2024) J Beale (resigned 3 October 2024) D Wood (reygned 3 October 20241 Strurturè, governan and management Statement of trustees. responsibifities The trustees (who are also the direttors of Artsreach for the purposes of tompany lawl are responsible for preparing the tru5tee5' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pradicel, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare tinancial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to-. select suitable accounting policie5 and apply them consistently- observe the methods and principles in the Charities SORP: make judgements and e5timate5 that are reasonable and prudent- state whether applicable accounting standards. comprising FRS 102 have been followed, Subject to any material departure5 disclosed and explained in the financial statements- and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in busine5S. Page 9
Artsreach Trustees. Report (continued) The trustees are responsible for keepin8 proper accounting records that can disclose with reasonable acruracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2C(16. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregulèritiès. The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitablè company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in otherjurisdictions. The nnual report was approved by the trustees of the charity on 7 October 2025 and 518ned on its behalf by: IWScott Trustee Page 10
Artsa(h Independent Examiner's Report to the trustees of Artsreach ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basi5 of report As the charitls tru5tee5 of the Company land also its direttors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirement5 of the Companies Act 20061'the 2006 AcYI- Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charit¢s accounts as carried out under sedion 145 of the Charitie5 Act 2011 1 the 2011 ACVI. In carrying out my examination I have followed the Directions given by the Charity Commission under sèrtion 14515llbl of the 2011 Att. Independent examinerfs statement Since the Company'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 l am qualified to undertake the examination because l am a member of The Institute of Chartered Accountants in England and Wales. which is one of the listed bodies. I have completed my examination. I confirm that no Fnatters have come to my attention in connection with the examination giving me cause to believe- l. accounting records were not kept in respert of Art5reach as required by settion 386 of the 2LK16 Att- or 2. the accounts do not accord with those records.- or 3. the accounts do not comply with the accounting requirements of section 396 of the 26 Act other than any requirement that the accounts give 8 'true and fair view, which is not a matter considered as part of an independent examination- or 4. the account5 have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities18pplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concem5 and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to erbable a proper understanding of the accounts to be reached. Tmma Sc ACA The Institute of Chartered Accountants in England and Wales Ward Goodman Audit Services Limited 4 Cedar Park, Cobham Road Ferndown Industrial Estate, Wimborne Dorset BH217SF 16 Ortober 2025 Pa8e 11
Artsreach Statement ol Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unre5tTirted funds Restrirted funds Total Total 2024 Note Income and Endowments from: Oonations and le8acies Other trading actrvities Investment income 113.046 95.464 1,883 565 45,260 153,306 95.464 1.883 565 136,266 94.500 1.673 145 Other income Total income 210,958 45.260 256,218 232,584 Expendrture on: Charitable activities 1217,921) 132.0601 1249,9811 1237.3571 Total expenditure 1217.921) 132,0601 1249.9811 1237.3571 Net lexpenditurel/income 16.963) 13.200 6,237 14.7731 Net movement infunds 16.9631 6.237 14.7731 Reconcillation of funds Total fund5 brou8ht forward 128,041 1.800 129A41 134.614 Total funds carried forward 16 121.078 15,(M)O 136,078 129,841 All of the charity's activities derive from continuing operations during the above tsvo period5. The funds breakdown for 2024 is shown in note 16. The notes on pages 15 to 25 form an integral part of these financial statements. Page 12
Artsreach (Registration number: 03247940) Balance Sheet as at 31 March 2025 2025 2024 Note Unrestrlcted Restricted Current assets Debtors 12 6,458 125.593 6.458 140,593 7,185 126,625 Cash at bank and in hand 15.000 132,051 15,000 147.051 133.810 CreditQf5: Amounts falling due within one year 14 110,973) 110,973) 13,9691 Net current assets 121,078 15,000 136.078 129,841 Totsl assets less current Ilabilitie5 121.078 15.000 136.078 129.841 Net assets 121.078 15.O¢XI 136,078 129,841 Fund5 of the charlty: Restricted income funds Restricted funds 15.000 1,800 Unrestricted income funds Unrestritted funds 121,078 128,041 Total fund5 16 136.078 129,841 For the financial year ending 31 March 2025 the charity was entitled to exemption from audrt under section 477 of the Companies Act 2D)6 relating to small companies. Oirector5' responsibilities.- The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The directors ackrK)wledge their responsibilities for complying with the requirements of the Art with respect to accounting records and the preparation of accoun These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The notes on pages 15 to 25 form an integral part of these financial statements. Page 13
Artsreach (Registration number: 03247940 Balance Sheet as at 31 March 2025 (continued) The fin3ncial Statements on pages 12 to 25 were approved by the trustees, and authorised for issue on 7 Octo er 2025 and signed on their behalf by- Iwscott Trustee The notes on pages 15 to 25 form an integral part of these financial statements. Page 14
Artsreach Notes to the Finanaal Statements for the Year Ended 31 March 2025 l Legal Form The Charitable Company is a private limited company. re8lStered in England & Wales. limited by guarantee without Share capital. The liability of the member5 15 limited to £10 per member. The address of its registered office is: The Little Keep Barrack Road Dorchester Dorset DTI ISQ 2 Accountlng policies ststement of compliance The financial statements have been prepared in acCdanCe 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 10211 (issued in October 20191 (Charities 50RP IFRS 10211, the Financial Reportine Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006. Basis of Preparation Artsreach meets the definition of a public benefrt entity urKler FRS 102. Assets Znd liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the re5ev8nt accounting policy notes. Income and endowrnent5 All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. lknnation5 andlega¢ies Donations are recognised when the charity has been notified in writing of both the amount and settlement d*ce. In the event that a donation is subject to conditions that require a level of perf0rrnan by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reportinE period. Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached 10 the grant and are yet to be met, the income is recogni5ed a5 a liability and included on the balance sheet as deferd income to be released. Page IS
Artsreach Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Z Accounting policies (continued> Expenditure All Èxpendit(Jrè is recognised once there is a legal or constructive obligation to that expenditure, it is probable Settlement is required and the amount can be measured reliably. Ati tosts are 311ocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attribLrted to particular headin8S they have been allocated on a bo5is consistent with the use of resources, With central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the Spread of staff costs. Churltable artlvltles Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both c05ts that can be allocated directly to such activitie5 and those Costs of an indirect nature necessary to support them. Support COStS Support costs include central funrtions and have been allocated to artivity cost categories on a basi5 consistent with the use of resources. for example, allocating property C05ts by floor area5, or per capits, staff costs by the time spent and other costs by their usage. T?xatlon The charity is exemo from corporation tax on its charitable adivities. The charty is exempt from VAT due to the charrties operation falling under the 'paragraph 4.7 of the VAT notice 701147, exemption. Debtors and Prepayments Debtor5 ènd prepayments are reco8nised at the transattion pri where an entity has a present obligation resulting from a past event that will probably result in the transfer of funds from a third party to the charity and the amount due to settle the obligation can be measured or estimated reliably. Cash and cash equhralents Cash and cash equivalents comprise cash on hand and call deposits. and other short-term highly liquid investment5 that are readily convertible to a known amount of cash and 3re subject to an insignificant risk of change in value. Creditors and Provisions Creditors and provisions are reco8ni5ed where the charity has a pr@sent 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 thÈ obliation can be measurÈd or estimated reliably. Creditor5 and provisions are normally recognised at their transaction price after allowing for any trade discounts due. Page 16
Artsreach Notes to the Financial Statements for the Year Ended 31 March 2025 (continued 2 Awunting policles {continued) Fund accounting Unrestrirted income funds are Eeneral funds that are available for use at the trustees discretion in furtherance of the objedives of the charty- Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when Specified by the donor OK 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 financial statements. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Pensions arbd other post retirement obligation5 The charitable company operates a defined benefit contrTbution pensitsn scheme. Contributions pay3ble to the ¢h4ritéble company's pension scheme are charged to the Statement of Financial Attivities in the period to which they relate. 3 Income from donation5 and legacies Totsl 2025 Total 2024 Donations and legacies.- Donations from individuals Gift aid reclaimed 14.271 438 3.169 506 Grants Grants, including capital grants I4397 132,591 158.306 136,266 Page 17
Artsreach Notes to the Financial Ststements for the Year Ended 31 March 2025 (tontlnued) 3 Income from donations and le8a¢ies (continued) Grants received. included in the above. are a5 follows: Total 2025 Total 2024 Arts Council En8land Dorset Council 56,337 44.680 56,337 47.222 3.OLX) 22,860 Valentine Trust Culture In Common 21,534 io,ocMJ 5,0 1,046 Britford Bridge Trust Dorset Community Foundation Other Projerts 3,172 143,597 132,591 4 Income from other trading actlvltles Total 2025 Total 2024 Trading income; Performance.Events Sponsorships Other project income 95,464 93.536 250 714 95,464 94,500 5 Investment income Total 2025 Total 2024 Interest reCeIble and similar income: Interest receivable on bank deposits 1.883 1,673 P3ge 18
Artsreach Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 6 Expenditure on charitable artivities Total 2025 Total 2024 Note Charitable Activity Allocated support costs Governance costs 235.677 12.342 1.962 225,086 10,801 1,470 249,981 237,357 In addition to the expenditure analysed above. there are also governance costs of £1.962 12024 £1,470) which relate directly to charitable activities. See note 7 for further details. 7 Analysis of governance and support ¢05t5 Support costs allocated to raising funds Governance costs Finance costs Adrnini5tration costs Total 2025 Totsl 2024 Charitable Activity 1,962 300 12,042 14.304 12,271 Governance costs Total 2025 Total 2024 Independent examiner fees Examination of the financial statements Other fees paid to examiners 1.542 420 1.470 1.962 1,470 8 Trustees remuneratlon and expen There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Page 19
Artsreach Notes to the Financial Statements for the Year Ended 31 March 2025 Icontinued) 9 Staff costs The aggregate payroll costs were a5 follow5- 2025 2024 Staff costs durlngthe year were: Wages and salaries Social security costs Pension costs 91.509 3.181 2.422 80,144 2,294 2.150 97.112 84.588 The average numberof employees in theyear ended 31 March 2025 was4 {2024:31. No employee received emoluments of more than £60.000 during the year. Page 20
Artsreach Notes to the Financial Statements for the Year Ended 31 March 2025 (continued 10 Taxation The charity is a registered charity and is therefore exempt from taxation. 11 Comparatlves for the statement of finaniial activitie5 Unrestrlcted funds Restrlcted fvnds Total 2024 Nots Income afftd Endowments from: Donations and legacies other trading activities Investment income 105.256 94,500 1,673 145 31.010 136.266 94.500 1,673 145 Other income Total income 201.574 31.010 232,584 Expenditure on: Charitable activities (208,0451 129,3121 {237,3571 Total expenditure 1208.0451 129,3121 {237,3571 Net lexpenditLTrrel/income 16.471) 1.698 4.7731 Net movement in funds {6.4711 1.698 14.7731 Reconciliation of funds Total funds brought forward 134,512 102 134,614 Total funds carried forward 16 128,041 1,800 129,841 12 Debtors 2025 2024 Prepayments Other debtor5 2,386 4.072 3,717 3,468 6.458 7.185 Debtors includes £Nil12024= £1.0271 receivable after more than one year. 2025 2024 PrepaymÈnts 1,027 Pase 21
Artsreach Notesto the Financial Statements forthe Year Ended 31 March 2025 (continued) 13 Cash and cash equfvalents 2025 2024 Cash on hand 33 Cash at bank 140.586 126.592 140,593 126.625 14 Credltors: amounts falllng due within one year 2024 rrade creditots 2,124 8,849 Accruals 3,969 10,973 3,969 IS Obligations under leases and hire purchase contracts Operating lease commitments Total f uture minimum lèase payments under non-cancellable operating leases ère as follows= 20Z5 2024 Land and buildings Within one year Between one and fwe years 1,087 5,698 1,087 1,087 6.785 Page 22
Artsreach Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 16 Funds Balance at I April 2024 Incomin8 reUrCeS Resour5 expended Balance at 31 March 2025 Unrestrirted fund5 Geneml General Funds 127.461 210,958 1217.921) 120,498 Deslgnated Big Picture 580 580 Total unrestritted funds 128.041 210.958 1217,9211 121,078 Restricted funds New Forest Rural Touring Programme CYP Project Work NRTF Grants 1,800 21,534 5,180 796 123.334) 15,180) 1796) Britford Bridge Trust Project Care Home Event Delivery Dorset Council,. Community Culture Dorset Community Foundation iO,CNJO 250 10.000 1250) 2,500 5,000 12,5(K)) 5,000 1,800 45.260 132,0601 Is.000 Total furbd5 129.841 256.218 1249,981) 136,078 Page 23
Artsreach Notes to the Flnanclal Statements for the Year Ended 31 March 2025 (continued) 16 Funds Icontlnued) 8alance at I April 2023 IncomlnE resotsrcÈs Resources expended Balan at 31 March 2024 Unrestricted funds Designated Big Picture 1.080 1500) 580 Restrlcted funds National Inn Crowd Initiative 2.570 3.OLKJ 12,5701 13.OCM)I (1021 Summer Supplement Gulbenkian 102 New Forest Rural Touring Programme Dorset Council - SDF Grant 22,860 2,000 121,0601 12.0001 15801 1.800 NRTF Grants 102 31.010 129.312) 1,800 Total funds 1.182 31.010 129A12) 2.380 Page 24
Artsreach Notes to the Financlal Statements for the Year Ended 31 March 2025 (continued) 16 Funds {continued) The specifit purposes for which the funds are to be applied are as follow5: Big Picture- Designated for visual arts projects. Summer Supplement - restricted for the purpose of delivering a programme of children's crÈativÈ workshops across rural Dorset during the school summer holiday National Inn Crowd Initiative restricted funds from a national project enabling Artsreach to support live performances in rural t)orset pubs (2019-231 Gulbenkian this represents the Artsreach Calou5te Gulbenkian 'Dorset Rural Fund,. wholly fLtnded by the Gulbenkian Foundation and restricted to the implementation of the Foundation's Rural Arts Poliry in Dorset. New Forest Rural Touring Programrne Restricted funds from Culture in Common to deliver a pilot rural touring programme in the New Forest a5 part of an Arts Council Creative People and Places project. Dorset Council SDF Grant - Funding to support the commission and creation of a new song and film by The Longest Johns, capturing Dorset's quarrying heritage in a community projeLt. NRTF Grants - To support staff CPD by attending regional meetings. board member events and the nation31 conference. and a bursary to SUPPQrt attendan at the EdinburEh Fringe Festival. CYP Project Work - Restricted for the purpose of delivering a programme of creative children's workshops and shows across rural Dorset. Britford Bridge Trust Project - Fund5 to support delivery of creative project activrty for the eldedy / those with dementia living in communities across rural Dorset and Care settings. Care Home Event Delivery - Restrirted contributions from care 1Me$ to support the costs of delivering live shows and entertainment. Dorset Council- Community Culture To support the live-streaming of the annual Tea with William Barnes celebration. and send activity sheets and inforrnation to Dot5et Care Homes. Dorset Community Foundation - Fund5 restricted to support delivery of creative project activity for the elderly I those with dementia living in communities across rural Dorset and care settings. 17 Related party transactions Trustees donated amounts totalling £4(KI12024-.£1.000) without conditions in the year ended 31 March 2025. Page 25