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← North Tyneside Art Studio

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 03266699 REGISTERED CHARITY NUMBER: 1059103

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR

NORTH TYNESIDE ART STUDIO

BK Plus Limited Chartered Certified Accountants 13 Windsor Terrace Jesmond Newcastle upon Tyne NE2 4HE

NORTH TYNESIDE ART STUDIO

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Page
Report of the Trustees 1 to 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12 to 13
Notes to the Financial Statements 14 to 25

NORTH TYNESIDE ART STUDIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 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 Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Purpose and Aims

The charity's objects contained in the company's memorandum of articles are: "To advance the education of the public particularly but not exclusively living in North Tyneside and the surrounding area, in particular persons suffering the effects of mental illness and mental health problems through the use of promotion of art and artistic and creative activities."

Who We Are and What We Do

North Tyneside Art Studio (NTAS) is a creative health charity with more than 30 years of experience and expertise. Everything we do is rooted in the use of art and creativity to support the mental health and wellbeing of people and communities. In response to changing needs and increased demand, our work has evolved and we now run two main programmes:

While our programmes continue to grow and respond to need, everything we do is rooted in creativity, compassion and community and reflects our core purpose and beliefs:

Our Vision:

A world where everyone has access to creative opportunities to support and improve their mental health and wellbeing.

Our Mission:

To use art and creativity to improve the mental health and wellbeing of individuals and communities.

Page 1

NORTH TYNESIDE ART STUDIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

OBJECTIVES AND ACTIVITIES - continued

Our Values:

Our values guide everything we do. They shape the way we work, the relationships we build, and the experiences we create.

Public benefit

The Trustees have had regard to the Charity Commission guidance on their legal duty on public benefit and are satisfied that the Charity delivers a public benefit.

Due regard is paid to the public benefit guidance when deciding what new activities are to be undertaken.

ACHIEVEMENTS AND PERFORMANCE

What We Achieved this Year

Key Highlights

*This number was lower than previous years as we paused referrals whilst we managed the relocation and setting up the service in the interim location.

Page 2

NORTH TYNESIDE ART STUDIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE - continued

Impact and Outcomes

a) Studio Programme

One of the most powerful aspects of the Studio is the strong sense of community it creates. For many it is one of the few places where they feel a sense of safety and belonging. A place where people feel understood, accepted for who they are without the need to explain or justify because everyone shares some understanding of what it means to live with mental health challenges.

People who attended our Studio Programme consistently report improvements in:

The Studio gives people greater agency, a greater sense of control and a greater ability to engage with other services and opportunities. The impact of this environment is significant and can make a profound difference to a person's recovery and long-term mental health improvement.

b) Community Programme

Our Community Programme, now operating across multiple sites, offers welcoming, inclusive spaces where people can drop in, get involved in creative activities, and connect with others in a relaxed, friendly environment. Creativity acts as a catalyst – it breaks the ice, starts conversations and connections and allows people and communities to explore their identities and express themselves in safe, positive ways.

People who engage in our Community Programme consistently report:

The Community Programme allows people and communities to participate in ways that are flexible and responsive to their needs and circumstances. For some, it is about building new routines, for others it's a valued creative social space, for others it is a one-off reminder of the fun and benefits of being creative.

Page 3

NORTH TYNESIDE ART STUDIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE - continued

Key Challenges .

• Relocating After 30 Years

One of the biggest challenges we faced this year was relocating our service after over 30 years in the same building. This was more than a physical move - it meant leaving a space full of memories, creativity, and emotional significance. For many Studio Members, especially those with long-term mental health conditions, the change was deeply unsettling. Familiar places and routines offer vital stability, and even small disruptions can feel overwhelming.

We knew the move needed to be handled with care and compassion. Staff worked hard to keep everyone informed, offering regular updates, explaining timelines, and creating space for people to share concerns and memories. While we couldn't always give every detail, we shared what we could, when we could and always tried to listen and reassure.

Although difficult, the move was essential. Our old premises were no longer cost-effective or suitable for our growing needs. The new site reduces costs and gives us much more flexibility to expand our creative offer, host community events, and develop new services. It strengthens our long-term sustainability and means we can continue providing life-enhancing support across North Tyneside.

As we complete the move from our interim space to a permanent new home, we'll keep sharing updates and making sure people feel supported every step of the way.

• Financial Pressures

Like many charities, we have faced increasing financial pressures over the past year. Rising costs, including utilities, materials, and staffing, have required careful financial planning, strong governance, and a more proactive approach to fundraising.

We have worked hard to diversify our income and reduce reliance on any single funding source. This has included exploring the development of paid-for services, such as public workshops, creative courses, and commissioned projects. These activities not only generate valuable unrestricted income but also help raise awareness of our work within the wider community.

At the same time, we've broadened our grant funding profile by identifying and applying to new trusts and foundations aligned with our mission. We've also taken steps to strengthen our position for public sector contracts and to demonstrate the value of our work in supporting mental health and community wellbeing. Alongside this, we've reviewed operational costs, streamlined processes, and prioritised spend to ensure maximum impact from every pound received.

These financial pressures remain an ongoing challenge, but we are committed to building a more sustainable and resilient future - one that allows us to continue delivering high-quality, creative support to those who need it most.

Page 4

NORTH TYNESIDE ART STUDIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

ACHIEVEMENTS AND PERFORMANCE - continued

• Responding to Increased Demand and Changing Needs Over the past year, we have seen a continued rise in demand for mental health support - both from individuals living with long-term mental illness and from communities seeking more preventative and accessible wellbeing options. In response, we made a strategic decision to further develop and define two distinct but complementary strands of our work: our Studio Programme and our Community Programme.

Our Studio Programme continues to focus on personal recovery and mental health improvement with our Community Programme focused on connection, prevention and raising awareness of the links between creativity and mental health.

This dual approach reflects our commitment to innovation and an openness to new ideas, new ways of working and new partnerships. Creativity is a catalyst for engagement and our evolving programme offers the flexibility and scope to respond to the many different needs of people and communities.

Looking Ahead

Our plans for the year ahead include:

Thanks and Acknowledgements

We would like to thank our:

Page 5

NORTH TYNESIDE ART STUDIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

FINANCIAL REVIEW

Financial position

The Statement of Financial Activities shows neither a surplus nor deficit for the current or previous years in restricted funds and a deficit of £33,920 (2024 - surplus of £11,927) in unrestricted funds, which gives an overall net deficit of £33,920 (2024 - net surplus of £11,927).

Total reserves at 31 March 2025 amounted to £113,116 (2024 - £147,036) of which £nil (2024 - £nil) was subject to restriction and £25,000 (2024 - £50,000) was designated. Free reserves amounted to £88,115 (2024 - £97,035).

Principal funding sources

The principal funding sources for the charity are a North Tyneside Council Adult Services contract and charitable Trusts and Foundations.

Reserves policy

The Board of Trustees deems it appropriate and prudent for North Tyneside Art Studio to achieve a reserve equal to six months' operational costs and has actively aimed to increase reserves year on year to achieve this.

The trustees have designated £25,000 as an estimated cost in relation to moving to new premises during the 2025/26 financial year.

Page 6

NORTH TYNESIDE ART STUDIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

North Tyneside Art Studio is a charitable company limited by guarantee, incorporated on 22nd October 1996 and registered as a charity on 9th November 1996. The company was established under a Memorandum and Articles of Association establishing the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.

Recruitment and appointment of new trustees

The Trustees are also company directors within the meaning of company law and charity trustees within the meaning of charity law. The Board of Trustees shall not be less than three but shall not be subject to any maximum. New board members undergo an induction process and their appointment is ratified at the Annual General Meeting.

All members of the Board of Trustees give their time voluntarily and receive no benefits from the charity.

Organisational structure

The business of the Charity is overseen by the Trustees, who may exercise all powers referred to in the governing document.

The current Board of eight Trustees provide a range of relevant skills including: third sector and public sector leadership, public sector mental health and primary health care experience, financial management, counselling practice, mental health carer experience, arts management and visual arts practice.

The Board of Trustees meets every three months, together with staff and studio member representatives.

Day to day responsibility for service delivery and ensuring the charity meets its key performance indicators is delegated to the Chief Executive Officer who is supported by the Finance and Admin Coordinator, Creative Support Workers and sessional artists.

NTAS believes the active involvement of the people who in the design and delivery of the services provided is fundamental to the running of the organisation and helping to ensure that the organisation is both responsive and representative of people's needs.

Page 7

NORTH TYNESIDE ART STUDIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 03266699

Registered Charity number 1059103

Registered office

Linskill Centre, Linskill Terrace, North Shields, Tyne and Wear, NE30 2AY

Current Trustees Ann Marie Crozier Chair Mel Normanton Vice-Chair, Safeguarding Lead Abigail Armstrong David Tomson Gail Curry appointed 13 June 2024 Nicola Quinn appointed 13 June 2024 Simon Beckwith appointed 26 September 2024 Robert York appointed 25 May 2025 Retiring Trustees Bruce Davies retired 24 October 2024

Independent Examiner

Nicholas J Liley, BK Plus Limited, 13 Windsor Terrace, Jesmond, Newcastle upon Tyne, NE2 4HE

Bankers

CAF Bank Limited, 25 Kings Hill Avenue, Kings Hill, West Malling, ME19 4TA

Key Management Paul Hillier Company Secretary and CEO

Page 8

NORTH TYNESIDE ART STUDIO

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of North Tyneside Art Studio for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

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 the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. 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 irregularities.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 4 December 2025 and signed on its behalf by:

Paul Hillier - Secretary

Page 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NORTH TYNESIDE ART STUDIO

Independent examiner's report to the trustees of North Tyneside Art Studio ('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 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 accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

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 charity's accounts 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

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

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; 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 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Nicholas J Liley, FCA

BK Plus Limited Chartered Certified Accountants 13 Windsor Terrace Jesmond Newcastle upon Tyne NE2 4HE

4 December 2025

Page 10

NORTH TYNESIDE ART STUDIO

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
2,499
Charitable activities
4
Grant income
52,798
Investment income
3
1,737
Other income
5
13,663
Total
70,697
EXPENDITURE ON
Charitable activities
6
Staff and support costs
58,264
Training
898
Activities expenses and equipment
4,624
Premises and administration costs
40,831
Total
104,617
NET INCOME/(EXPENDITURE)
(33,920)
RECONCILIATION OF FUNDS
Total funds brought forward
147,036
TOTAL FUNDS CARRIED FORWARD
113,116		 Restricted
funds
£
-
118,102
-
-
118,102
99,257
-
4,525
14,320
118,102
-
-
-		 2025
Total
funds
£
2,499
170,900
1,737
13,663
188,799
157,521
898
9,149
55,151
222,719
(33,920)
147,036
113,116		 2024
Total
funds
£
3,438
192,222
1,033
20,964
217,657
151,992
-
5,708
48,030
205,730
11,927
135,109
147,036

The notes form part of these financial statements

Page 11

NORTH TYNESIDE ART STUDIO (REGISTERED NUMBER: 03266699)

BALANCE SHEET 31 MARCH 2025

Notes
FIXED ASSETS
Tangible assets
13
CURRENT ASSETS
Debtors
14
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
15
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
18
Unrestricted funds
TOTAL FUNDS		 2025
£
1
3,031
161,764
164,795
(51,680)
113,115
113,116
113,116
113,116
113,116		 2024
£
1
3,885
178,674
182,559
(35,524)
147,035
147,036
147,036
147,036
147,036

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

Page 12

NORTH TYNESIDE ART STUDIO (REGISTERED NUMBER: 03266699)

BALANCE SHEET - continued 31 MARCH 2025

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 4 December 2025 and were signed on its behalf by:

Ann-Marie Crozier - Trustee

The notes form part of these financial statements

Page 13

NORTH TYNESIDE ART STUDIO

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£).

Going Concern

The financial statements are prepared on the going concern basis. In the opinion of trustees, no material uncertainties exist about the charity's ability to continue.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether capital or revenue in nature, is recognised when the charity has entitlement to the funds, any related performance conditions have been satisfied, it is probable that income will be received and the amount can be measured reliably and is not deferred.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 20% on cost Fixtures and fittings - 20% on cost Computer equipment - 33% on cost

Tangible fixed assets are initially recorded at cost and subsequently measured at cost less depreciation and impairments. Items of expenditure which are individually less than £1,000 are not capitalised.

Taxation

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

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

continued...

Page 14

NORTH TYNESIDE ART STUDIO

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

1. ACCOUNTING POLICIES - continued

Fund accounting

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Debtors

Trade and other debtors (including prepayments) are recognised at the settlement amount due or amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments.

Creditors

Creditors 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 are recognised at their settlement amount.

Financial instruments

All financial assets and financial liabilities of the charity qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2. DONATIONS AND LEGACIES

Donations 2025
£
2,499		 2024
£
3,438

continued...

Page 15

NORTH TYNESIDE ART STUDIO

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

3.
INVESTMENT INCOME
Interest received
4.
INCOME FROM CHARITABLE ACTIVITIES
Grants
Grants received, included in the above, are as follows:
North Tyneside Council
National Lottery Community Fund
Community Foundation
Postcode Neighbourhood Trust
Sir James Knott Trust
NHS North East & Cumbria
Tyne & Wear Archives & Museums
Meadow Well Connected
UK Shared Prosperity Fund
National Lottery Awards for All
Creative Expression in Eating Distress
Autism Creates
North Tyneside Recovery Partnership
Other grants
5.
OTHER INCOME
Studio user fees
Social prescribing fees
Sales and exhibitions
Miscellaneous income		 2025
£
1,737
2025
Grant
income
£
170,900
2025
£
64,048
30,000
-
-
-
-
-
-
35,851
20,000
4,006
2,409
12,500
2,086
170,900
2025
£
2,578
-
7,130
3,955
13,663		 2024
£
1,033
2024
Total
activities
£
192,222
2024
£
58,229
62,500
4,533
25,000
320
29,000
5,500
4,850
-
-
-
-
-
2,290
192,222
2024
£
3,355
5,000
7,513
5,096
20,964

continued...

Page 16

NORTH TYNESIDE ART STUDIO

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

6. CHARITABLE ACTIVITIES COSTS

Staff and support costs
Training
Activities expenses and equipment
Premises and administration costs
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rent
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Sessional staff fees
Room hire
Staff training and welfare
Travel and subsistence
Materials and photographics
Events and activities
Publicity
Repairs and maintenance
Professional fees
Bank charges
Bad debts		 Direct
Costs (see
note 7)
£
157,521
898
9,149
51,923
219,491		 Support
costs (see
note 8)
£
-
-
-
3,228
3,228
2025
£
152,408
35,902
1,473
5,856
972
395
733
3,788
121
898
1,325
7,734
1,408
7
1,364
5,047
60
-
219,491		 Totals
£
157,521
898
9,149
55,151
222,719
2024
£
141,827
31,999
1,093
5,261
958
516
600
9,291
716
-
874
4,398
-
287
2,096
363
120
1,023
201,422

continued...

Page 17

NORTH TYNESIDE ART STUDIO

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

8. SUPPORT COSTS

SUPPORT COSTS
Governance
costs
£
Premises and administration costs 3,228
Support costs, included in the above, are as follows:
2025 2024
Premises
and
administration Total
costs activities
£ £
Accountancy fees 2,988 4,068
Professional fees 240 240
3,228 4,308

9. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Independent Examiner's remuneration, including irrecoverable VAT:
- Independent Examination fee
- Accountancy services
Payments under operating leases		 2025
£
1,188
1,800
32,902		 2024
£
1,188
2,880
31,278

10. TRUSTEES' REMUNERATION AND BENEFITS

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.

continued...

Page 18

NORTH TYNESIDE ART STUDIO

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

11. STAFF COSTS

STAFF COSTS
Wages and salaries
Social security costs
Other pension costs		 2025
£
143,067
5,657
3,684
152,408		 2024
£
133,095
4,857
3,875
141,827

The charity's key management personnel comprise the Trustees, CEO and Creative Programme Manager. The total employee benefits, including Social Security contributions, of the key management personnel were £40,751 (2024 - £61,295).

The average monthly number of employees during the year was as follows:

Studio management and administration 2025
8		 2024
7

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

continued...

Page 19

NORTH TYNESIDE ART STUDIO

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,438
-
Charitable activities
Grant income
75,894
116,328
Investment income
1,033
-
Other income
20,964
-
Total
101,329
116,328
EXPENDITURE ON
Charitable activities
Staff and support costs
53,922
98,070
Activities expenses and equipment
1,408
4,300
Premises and administration costs
34,072
13,958
Total
89,402
116,328
NET INCOME
11,927
-
RECONCILIATION OF FUNDS
Total funds brought forward
135,109
-
TOTAL FUNDS CARRIED
FORWARD
147,036
-
13.
TANGIBLE FIXED ASSETS
Improvements
Fixtures
to
and
Computer
property
fittings
equipment
£
£
£
COST
At 1 April 2024 and 31 March 2025
4,125
16,835
1,069
DEPRECIATION
At 1 April 2024 and 31 March 2025
4,124
16,835
1,069
NET BOOK VALUE
At 31 March 2025
1
-
-
At 31 March 2024
1
-
-		 Total
funds
£
3,438
192,222
1,033
20,964
217,657
151,992
5,708
48,030
205,730
11,927
135,109
147,036
Totals
£
22,029
22,028
1
1

continued...

Page 20

NORTH TYNESIDE ART STUDIO

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Prepayments and accrued income
15.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
Other creditors
Accrued expenses
Deferred income		 2025
£
75
2,956
3,031
2025
£
2,193
2,248
733
2,259
44,247
51,680		 2024
£
-
3,885
3,885
2024
£
3,508
1,888
688
2,090
27,350
35,524

Deferred income comprises grants relating to a specified future period or where conditions imposed by the donor were not met at the balance sheet date. Movements during the year were as follows:

Balance at 1 April 2024
Released to income from charitable activities

Amount deferred in year
Balance at 31 March 2025
16.
LEASING AGREEMENTS		 £
56,028
(31,028)
2,350
27,350

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year 2025
£
2,841		 2024
£
16,451

continued...

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NORTH TYNESIDE ART STUDIO

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted
funds
£
Fixed assets
1
Current assets
120,548
Current liabilities
(7,433)
113,116		 Restricted
funds
£
-
44,247
(44,247)
-		 2025
Total
funds
£
1
164,795
(51,680)
113,116		 2024
Total
funds
£
1
182,559
(35,524)
147,036

18. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Relocation fund
Core funding
TOTAL FUNDS		 At 1/4/24
£
97,036
25,000
25,000
147,036
147,036		 Net
movement
in funds
£
(8,920)
-
(25,000)
(33,920)
(33,920)		 At
31/3/25
£
88,116
25,000
-
113,116
113,116

continued...

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NORTH TYNESIDE ART STUDIO

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

18. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Core funding
Restricted funds
National Lottery Community Fund
North Tyneside Art Trail
Stephenson Museum Woodland Walk
NTC - North West Creative
Consultation
North Tyneside Recovery Partnership
National Lottery Awards for All
UK Shared Prosperity Fund
Wreath-making
Creative Expression in Eating Distress
Autism Creates
TOTAL FUNDS		 Incoming
resources
£
70,697
-
70,697
30,000
1,250
1,100
10,000
12,500
20,000
35,851
986
4,006
2,409
118,102
188,799		 Resources
Movement
expended
in funds
£
£
(79,617)
(8,920)
(25,000)
(25,000)
(104,617)
(33,920)
(30,000)
-
(1,250)
-
(1,100)
-
(10,000)
-
(12,500)
-
(20,000)
-
(35,851)
-
(986)
-
(4,006)
-
(2,409)
-
(118,102)
-
(222,719)
(33,920)

Comparatives for movement in funds

Unrestricted funds
General fund
Relocation fund
Core funding
TOTAL FUNDS		 At 1/4/23
£
110,109
25,000
-
135,109
135,109		 Net
movement
in funds
£
11,927
-
-
11,927
11,927		 Transfers
between
funds
£
(25,000)
-
25,000
-
-		 At
31/3/24
£
97,036
25,000
25,000
147,036
147,036

continued...

Page 23

NORTH TYNESIDE ART STUDIO

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Community Foundation
National Lottery Community Fund
Sir James Knott Trust
North Tyneside Art Trail
CF - Holistic Programme
Stephenson Museum Woodland Walk
Well Connected
NTC - North West Creative
Consultation
North Tyneside Recovery Partnership
TOTAL FUNDS		 Incoming
resources
£
101,329
833
62,500
320
4,625
3,700
5,500
4,850
5,000
29,000
116,328
217,657		 Resources
Movement
expended
in funds
£
£
(89,402)
11,927
(833)
-
(62,500)
-
(320)
-
(4,625)
-
(3,700)
-
(5,500)
-
(4,850)
-
(5,000)
-
(29,000)
-
(116,328)
-
(205,730)
11,927

Relocation fund

The trustees have designated £25,000 as an estimated cost in relation to moving to new premises during the 2025/26 financial year.

Core funding

Unrestricted funding of £25,000, received in March 2024, was recognised in full in accordance with income recognition principles, however the trustees wished to apply these funds to expenditure incurred in the 2024/25 financial year, the amount was therefore designated accordingly.

Restricted funds

The restricted funds comprise grants received from funders for a specific purpose or project and can be expended only in the way already agreed to by the charity.

National Lottery Community Fund

Funding for the New Approach to Art for Mental Health project, primarily covering the salary of Art4MentalHealth worker with related support costs.

North Tyneside Council - North West Creative Consultancy

A project to explore the experiences of Women & Girls in Longbenton using a range of creative consultancy tools and approaches.

NHS North East and Cumbria - NT Recovery Partnership

Funding for the promotion of mental health recovery.

continued...

Page 24

NORTH TYNESIDE ART STUDIO

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025

18. MOVEMENT IN FUNDS - continued

National Lottery Awards For All

A grant to support core costs and the delivery of mental health support.

UK Shared Prosperity Fund

A Creative Communities project working with communities across the North West - Camperdown, Longbenton and Weetslade.

Creative Expression in Eating Distress

A partnership to set up and run creative groups supporting young people and adults who are experiencing eating distress.

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

20. LEGAL STATUS

North Tyneside Art Studio is a company limited by guarantee, registered in England and Wales and has no share capital. The company's registered number and registered office address can be found within Reference and Administrative Details.

The liability of the members is limited. Every member of the charity undertakes to contribute such amount as may be required (not exceeding £1) to the Charity's assets if it should be wound up while she or he is a trustee or within one year after she or he ceases to be a member, for payment of the charity's debts and liabilities contracted before she or he ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights fo the contributories among themselves.

Page 25