Company registration number,, 03360794 Charity registration number., 1068469 Entelechy Arts Limited IA company limlted by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024 Fleld Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB
Entelechy Arts Limlted Contents Reference and Adminlstrative Details Trustees, Report 2to6 statement of Trustees, Responsibi1Stles Independent Examiner's Report 8t09 Statement of Financial Activitles io Balance Sheet iito12 Note5 to the Flnancial Statements 13to26
Entelechy Arts Limited Reference and Administrative Details Chalrman Paul Cann OBE Trustees Donell Atkinson-lohnson James Bird Louisa 8org-Costan2i Potts Paul Cann OBE Kurban Haji Rosallne Muirhead Alison Rich Jane Senior Redmond White Secretary Redmond White Charlty Reglstratlon Number 1068469 Company Reglstratlon Number 03360794 The charity is incorporated in England and Wales. The Albany (Room 691 Douglas Way Deptford London SE8 4AG Reglstered Office Independent Examlner Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB Bankers CAF Bank Charlties Aid Foundatlon 25 Kings Hill Avenue Kings Hill West Malllng Kent ME19 4TA Page I
Entelechy Arts Limited Trustees, Report The Company's Charltable ObJectS To use arts and other social practices to enable older people and adults with learning disabillties to work with others from their communlties in new and valued ways and to develop long term sustained practice with Individuals and groups in SouthEast London; and to disseminate Informatlon about working practices and procedures to audiences at regional, national and international levels. Mlssion and Value5 Entelechy Arts is a hub of artists and changemakers, Creating ploneering prolects which bring together art, care, wellbeing and community. We work with people who experience loneliness and face barriers to social and cultural opportunity and visibility: disabled adults and older people experiencing physical or mental ill health. Our mission Is to create a more equal society and reduce lonellness through our artistlc programmes. Our work demonstrates the powerful creative contribution th3t any Individual can make to the world and brings people together. We empower communities to make artistic work with individual, local, national and International impact, co-created with our Assoclate Artlsts. Our roots are in south-east London. but our work travels to Coventry, Bournemouth and Stockton, to Wales and Internationally. The following 5 values Ilve and breathe through every element of our work - both our creative programmes, and our operations as a business.. Inclusivity.. Our work is co-created with our communities. It is authentically Inclusive to the people we collaborate with, and we strive to continue to grow in this area. Collaboration.. We recognise that there is strength in numbers and the best, most pioneering projects come from deep, long-lasting relationshlps and partnership working. Changemaking: Everythlng we do is connected to our core mission to make real and lasting change for the communlties we work with. Joy., Whilst we are commltted to all our programmes stimulating change and provoking important conversation5, this does not mean that all we do15 seriousl All our projects exude connection, hope and loy Innovation.. We are finding pioneering new ways of living, listening, thinking, creating and growlng as a Society. The Management Commlttee engage the Director who is responsible for the overall management of the company within the policies and guidellnes as set down by the Board of Directors. At 31 March 2024, the organisation had core team of elght part-time staff with responsibility for managing Individual programme areas and management/organlsational runnlng support. Work is further supported by a number of associate artists and freelancers. Page 2
Entelechy Arts Limlted Trustees, Report Review of A¢tlvltles During the 2023 2024 financial year Entelechy Art5 continued to consolldate and develop a portfolio of programmes and projects delivering innovative practice in line with our tharitable ob5ectives. Our programmes can be categorised Into 4 artistlc outputs.. Amblent Jam: Workshops, performances and installations co-created with artists to share dance, muslc, sensation and Improvisation wlth differently abled people, includlng people wlth PMLD. Creative Agelng.. An artistic programme Incorporating theatre, dance, song and storytelling, co-creèted with people aged 65+. - Art for Change.. Artist development and commissionlng with a network of Associate Artists. Entelechy Arts Exchanges.. Ensuring our creative practice translates to societal change through learning and dissemination, and engagement with the wider culture sector, policy makers and peers. An overview of the company's programmes of work Is outlined In the Programme of Work sectlon below. The company received support from Arts Council England (National Portfolio Funding 2023-24, year 11 and from London Borough of Lewlsham. Additional project fundlng was received from a number of trusts and foundations Including.. Edward Gostling Trust Esme Fairbalrn Foundation JP Jacobs Charitable Trust Lewlsham NCII London Catalyst Natlonal Lottery Awards for All National Lottery Heritage Fund National Lottery Reaching Communitie5 The Lee Charity of Wllliam Hatcliffe United Saint Saviours In 2023 - 2024, we delivered 299 sesslons, co-created wlth our communltie5, Wlth over 3392 member attendances. Our programmes were supported by 36 volunteers who attended 746 volunteering sessions between them. How our actlvitles dellver publi¢ beneflt? Our main activitles and who we try to help are described below. All our charltable activitles focus on the provision of arts and creative projects that support the cultural Incluslon of people who have learning dlsabilities or older marginalised people, and are undertaken to further our charitable purposes for the public benefit. The charity's Trustees have complled with their duty to have due regard to the guldance on public benefit published by the Commission in exercising thelr powers or duties. Page 3
Entelechy Arts Limited Trustees, Report Who used and beneflted from our 5ervices7 We primarily work with adults and older people. Our communities primarily live in the London Boroughs of Lewisham and Southwark in south-east London, though in 2023-34 we also delivered a programme of 3Ctivity In Wales. In achleving our objective of developing inclusive opportunities for learning disabled people the work engages with diverse groups of people who have different backgrounds and abillties. In addition to our locallv based work, we undertake broader regionally based work with communities across London and beyond in line with our objective of disseminating working practices and procedures to wider audiences both nationally and internationally. PROGRAMME OF WORK Thls year we were proud to deliver a wide-ranging and hlgh impact programme of activity co-created wlth our communities. We ran multiple strands of creative and soc131 workshops for the benefit of our communlties, including a continuation of our remote 'treative cluster, programme developed during the covid-19 lockdowns, as well as public-facing performance work and installatlons, as outlined below. Amblent Jam Ambient Jam workshops IAJ l and 21- movement and multi-sensory workshops for two groups of members who have profound and multiple learnlng disabilities IPMLDI, 52 sessions delivered, 384 attendances, Ambient Jam Collective performance group with differently abled artlsts, we presented public 'sharings', Including at Siobhan Davies Dance Studio and Deptford Llterature Festival, 2 sessions delivered and 44 attendance5 from members wlth PMLD. Creatlve Ageln£ Glorious Age - our drama group of 10 long-standlng members who are aged 65 - 82. Across the year there was a total of 36 weekly sessions and bespoke rehearsals, with 268 attendances. Meet Me at the Albany - delivered In partnership wlth the Albany in Deptford, a vibrant weekly creative and social programme for older adults, plus a remote 'creative clusters, programme delivered weekly by telephone. We ran a total of 100 in-person sessions with 1711 member attendantes and 49 cluster calls with 241 on-line attendences. Meet Me at the Cholr - cholr singing workshops for Isolated and house-bound older people - rehearsing at The Albany and performing at 2 Tea Dances. There were a total of 30 sessions with 435 attendances. Meet Me at the Movies film screenings particularly designed for isolated and house-bound older people. The films are chosen by the members, and the events involve artlsts and facilitators to engage in conversation around the topics that the film is exploring. We ran 10 sessions with 100 attendances. Meet Me on the Move - Artist-led trlps supporting Isolated older people to access museums and cultural venues. We ran 4 sessions with 39 attendances. Durlng the year took trips to a range of cultural destinations and organisations Ilnked to the creative plans of our members. Page 4
Entelechy Arts Limited Trustees, Report Walking through Walls - our programme In care homes at Tower Bridge Care Home, totalllng 12 sessions and 59 attendances. Art for Change 215t Century Tea Dance programme - vibrant events designed to create a social and performance space for Entelechy Arts, diverse members to perform together and share their creative practice. We staged 2 events, with 104 attendees. Continuing our mission to place our communlty at the heart of creative planning and decision-making, our leadership programme for elders groups, 2 sessions and 7 attendances. Entelechy Arts Exchanges We began a project with Lewi5ham Speaking Up that will place people with PMLD at the heart of cultural actlvitv and policy-making in thelr local area. Workshops will begin In 2024-25. Financlal Review The Charity can report a surplus of £94,38112023: £125,240 deflcit}. The charity's reserves stood at £274,161 at 31 March 2024 12023.. £179,780). This comprises of unre5trlcted general funds of £106,062 12023.. £76,1111, E39,000 of deslgnated funds 12023: £68,000) and £129,099 of restrlcted funds12023'. £35,669). Total incoming resources for the year were £455,182 12023: £336,447). Thi5 Includes £133,226 of core funding from Arts Council England and £30,000 from London Borough of Lewisham. Reserves Policy Entelechy Arts has a contingency reserve to provide for unforeseen liabilities that may arise, or changes within the grant funding envlronment. The level of this reserve is set at three months, unavoidable operating costs. For the 2023-24 financial year this equates to £90,20012023'. E74,2691. Rlsk Management The Trustee5 are responsible for the management of the risks faced by Entelechy Arts. The organisation has a written Risk Register which is revlewed quarterly. The Trustees are satisfied that the systems in place will mitigate exposure to major rlsks, such as a signlficant reduction in statutory finding and believe that risk management is a tool that assists in promoting its charitable purposes, Page 5
Entelechy Arts Limlted Trustees, Report Structure, Governance and management The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2024 which have been prepared incompllance wlth current statutory requirements, Companies Act 2006, the Charities SORP IFRS 1021 applicable to charitles preparing their accounts In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011,. and with the charity's governing document, its Memorandum and Articles of Association. The Company which Is limited by guarantee and ha5 no share capital, wa5 incorporated on 27 April 1997 and commenced to operate on l November 1998 when it took over the assets, liabilities and oper2tion of Entelechy (New Moves). The charity is governed by its Memorandum and Articles of A550ciation. New Trustees are appointed by members of the Management Committee and hold offlce until the followlng Annual General Meeting at which they are formally appointed. Trustees are selected to the Board through a process of election by the existing trustees. They recelve a personal and detailed Inductlon by the Chalr, Director and General Manager, Trustees and offlcers The trustees and officers serving during the year and since the year end were a5 follows: Trustee5: Donell Atkinson-johnson Jame5 Bird Louisa Borg-costanzi Potts Paul Cann OBE Kurban Haji Rosaline Muirhead Alison Rich Jane Senior Redmond White Catherine Wickes Bull IReslgned 20 June 20231 Chairman: P3uI Cann OBE Secretary: Redmond Whlte Page 6
Entelechy Arts Llmited Statement of Trustees, Responsiblllties The trustees Iwho are also the directors of Entelechy Arts Llmlted for the purposes of company lawl are responslble for preparing the trustees, report and the financial statements accDrdance with applicable law and United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accounting Practice}, Including FRS 102 "The Financial Reportlng Standard applicable In the UK and Republlc of Ireland The report and accounts have been prepared In accordance wlth the provlsion5 in the Companies Act 2006 relating to small companles. Company law requires the trustees to prepare flnancial statements for each financial year. Under company IBW the trustees must not approve the financial statements unless they are satlsfSed that they give a true and falr vlew of the state of affalrs o( the charitable company and of the incoming resources and appllcation of resources, includlng Its income and expenditure, of the charitable company for that perlod. In preparlng these flnanclal statements, the trustees are required to.. select suitable accounting policies and apply them consistentlv: observe the methods and prlnclples in the Charitles SORP: make Judgements and Estimates that are reasonable and prudent; stzte whether appllcable accounting stand3rds, comprlslng FRS 102 have been followed, sublect to any materlal departures dlsclosed and explained In the financlal statements; and prepare the flnanclal statements on the golng concern basis unless It Is Inappropriate to presume that the charitable company will contlnue in business. The trustees are iesponsible for keeplng proper accountlng records that can dlsclose wlth reasonable accuracy at any tlme the financial posltion of the charitable company and enable them to ensure that the finantlal statements comply with the Companies Act 2006. They are also responsible for safeguarding the èsset5 of the charitable company and hence for taklng reasonable steps for the prevention and detection of fraud and other Irregularities. The trustees are responsible for the malntenance and integrity of the corporate and financlal Information Included on the charltable company's web51te. LegI51ation governing the preparation and dis5emlnatlDn of financlal Statements may dlffer from leglslatlon In other jurisdlctlons. Small companles provlsion statement This report has been prepared In accordance with the small companies regime under the Companles Act 2006. Approved by the trustees of the char5ty on 18 December 2024 and slEned on Its behalf bv: es Bird Trustee Page 7
Entelechy Arts Limited Independent Examiner's Report to the trustees of Entelechy Arts Limited ('the Company,) I report to the charity trustees Iwho are also Directors for the purpose of company lawl on my examination of the accounts of the Entelechy Arts Limited I'the charitable company'l for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. 10 26 This report Is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charlty's trustees those matters l am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responslbility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinlons I have formed, Responslbllities and basls of report A's the charity's trustees of Entelechy Arts Limited you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l. Havlng satisfied myself that the accounts of Entelechy Arts Limited are not requlred to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examlnation of your charity's accounts as carrled out under section 145 of the Charities Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Dlrettions given by the Charity Commission under section 14515llbl of the 2011 Act. An independent examinatlon does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in givlng their opinion on the financlal statements, The planning and conduct of an audit goes beyond the Ilmited assurance that èn independent examination can provide. Consequently l express no opinion as to whether the financlal statements present a 'true and fair, vlew and my report is limited to those specific matters set out in the independent examinerfs statement. Independent examlner's Statement Since Entelechy Arts Limited's gross income exceeded £250,000 your examiner must be a member of a body Ilsted in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ICAEW, which is one of the listed bodies. 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.. l. accountlng records were not kept in respect of Entelechy Arts Limited as required by sectlon 386 of the 2006 Act; or 2. the accounts do not accord with those records,. or 3. the accounts do not comply wlth the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view, which 15 not a matter considered as part of an independent examinatlon,. or Page 8
Entelechy Arts Limited Independent Examiner's Report to the trustees of Entelechy Art5 Limited ('the Company'} 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 charitles applic2ble 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 concern5 and have come across no other matters in connection with the examination to whlch attention should be drawn in thls re rt in order to enable a proper understanding of the accounts to be reached. Tim Sullivan FCA Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 ORB Date.. Page 9
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Entelechy Arts Limited {Registration number: 03360794) Balance Sheet as at 31 March 2024 2024 2023 Note Flxed asset5 Tangible assets li 6,261 Current assets Debtors 12 4,363 289,229 4,293 212,347 Cash at bank and in hand 13 293,592 216,640 Credltors: Amounts falling due withln one year 14 125,6921 136,8601 Net current assets 267,900 179,780 Net assets 274,161 179,780 Funds of the charlty: Restrlcted 129,099 35,669 Unrestrltted Income funds Designated Funds General Funds 39,000 106,062 68,000 76,111 Total unrestricted funds 145,062 144,111 Total funds 16 274,161 179,780 For the financial year ending 31 March 2024 the charity was entitled to exemptlon from audit under section 477 of the Companles Act 2006 relating to small companles. Dlrector5' responsibllitles.. 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 acknowledge their responsibilities for complying wlth the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements have been prepared in accordance with the special provlslons relating to companles subject to the small companies regime wlthin Part IS of the Companies Act 2006. The notes on pages 13 to 26 form an integr31 part of these financial statements. Page 11
Entelechy Arts Llmited {Registration number: 03360794) Balance Sheet as at 31 March 2024 The flnanclal statements on pages 10 to 26 were 3pproved by the trustees, and author15ed for Issue on 18 December.2024 and slgned on their behalf by.. s Blrd Trustee The note5 on page5 13 to 26 form an Integral part of these flnanclal 5tatementS. Page 12
Entelechy Arts Limlted Notes to the Financial Statements for the Year Ended 31 March 2024 I Charlty status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation. The address of its registered office Is.. The Albany (Room 691 Douglas Way Deptford London SE8 4AG These financial statements were authorised for issue by the trustees on 18 December 2024. 2 Accountlng pollcles Summary of signlficant accountlng pollcles and key accountlng estimates The prlncipal accounting policies applied In the preparatlon of these financial statement5 are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial Statements have been prepared In accordance with Accounting and Reportlng by Charities.. Statement of Recommended Practite appllcable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 (effective l January 20191 (Charities SORP IFRS 1021 Second edition October 20191, the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021. They also comply wlth the Companies Act 2006 and Charities Act 2011. Basis of preparation Entelechy Arts Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilitles are Inltially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going concern The trustees consider that there are no material uncertalnties about the charity's ability to continue as a golng concern nor any 51gnificant areas of uncertainty that affect the carrying value of a55ets held by the charitv. Exemptlon from preparing a cash flow statement The charlty opted to early adopt Bulletin I publlshed on 2 February 2016 and have therefore not included a cash flow statement in these financial statement5. Page 13
Entelechy Arts Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Judgements and key sources of estimation uncertainty In the applScation of the ch3rity's accounting policies, the director's are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and a550ciated assumptions are based on historical experlence and other factors that are considered to be relevant. Actual results may differ from these estlmates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to 3ccountln8 estimates are recognised in the periods in which the estimate is revlsed where revlsions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future period5. Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income w511 be received and the amount of the income receivable can be measured reliably. Donatlon5 and legacles Donatlons are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to condltions that require a level of performance 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 reportlng period. Grants receivable Grants are recogni5ed when the charity has an entitlement to the funds and any conditions linked to the grants have been met, Where performance conditions are attached to the grant and are yet to be met, the Income Is recognised as a Ilability and included on the balance sheet as deferred income to be released. Deferred Income Deferred income represents amounts received for future periods and is released to Incoming resources In the period for which, It has been received. Such income Is only deferred when., - The donor specifies that the grant or donation must only be used in future accounting periodg,. or The donor has imposed condltions which must be met before the charity has uncondltional entitlement. Investment Income Investment income on balances In bank accounts is recognised when the amount can be measured reliably. This 15 normally upon notificatlon of interests paid by the bank. Page 14
Entelechy Arts Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expendlture, it is probable settlement is requlred and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate slmilar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basls 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. Charitable octivitles Charitable expenditure comprlse5 those costs incurred by the charity In the delivery of its actlvities and service5 for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Suppoyt costs Support costs include Central functlons and h2ve been allocated to activity cost categories on a basis consistent wlth the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent 2nd other costs by their usage, Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore It meets the definition of a charitable company for UK corporatlon tax purposes. Accordingly, the charity Is potentially exempt from tax8tion in respect of Income or capital gain5 received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Char8eable Galns Act 1992, to the extent that such Income or gains are applled exclusively to charitable purposes. Tangible flxed a55ets Individual fixed assets costing £500.00 or more are inltially recorded at C05t, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed In the ordinary cosjrse of business. Trade debtor5 are recognlsed initially at the transaction prlce. They are subsequently measured at amortised cost using the effective interest method, less provision for Impairment, A provislon for the Impairment of trade debtors is established when there is oblective evidence that the charity wlll not be able to collect all amounts due accordln8 to the original terms of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid Investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change In value. Page 15
Entelechy Arts Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Trade creditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classlfied as current liabilities if the charlty doe5 not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are prelented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost uslng the effective Interest method. Fund structure Unrestricted income funds are general funds that are av211able for use at the trustees discretion In furtherance of the objectives of the charity. Designated funds are unre5trlcted funds set aside for specific purposes at the discretion of the trustees, Restrictèd income funds are those donated for use in a partlcular area or for speciflc purposes, the use of which is restricted to that area or purpose. Pensions and other post retirement obllgations The charity operate5 3 defined contribution pension scheme which is a penslon plan under whlch fixed contributions are paid into a penslon fund and the charity has no legal or constructive obligation to Pay further contributlons even if the fund does not hold sufflcient assets to pay all employees the benefits relating to employee service In the current and prior periods. Contributlons to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contrlbution payments exceed the contribution due for seTvice, the excess is recognised as a prepayment. 3 Income from grants, donatlon5 & legacles Unrestrlcted Total 2024 Total 2023 General Restrlcted Donations and legacies; Donations from individuals Grants, including capital grants; Grants from other charities and organlsations 1,131 1,131 1,050 201,226 231,118 432,344 278,807 202,357 231,118 433,475 279,857 Page 16
Entelechy Arts Llmited Notes to the Financial Statements for the Year Ended 31 March 2024 Unrestrlcted funds Restricted funds Total 2024 Total 2023 Grants The City Bridge Trust Oenton Charitable Trust Edward Gostling Foundation Esmée Fairbairn Foundation National Lottery- Heritage Fund Lee Charity of William Hatcliffe London Borough of Lewisham London Borough of Lewisham- NCIL London Catalyst Marsh Christinan Trust 42,000 1,500 10,000 10,000 5,000 68,000 68,000 42,477 42,477 5,000 9,600 5,000 30,000 5,000 30,000 30,200 4,168 500 30,000 15,100 15,100 The National Lottery 116.041 116,041 1,000 Oakdale Queen Mary University Rix-Thompson/ Bally Thomas Southwark Charities 1.000 8,319 5,000 7,500 500 Sydney Black The Albanv The Headley Trust The Hospital Saturday Fund The JP Jacobs Charitable Trust Trusthouse 151 20,000 4,168 5,625 15,000 6,500 6,500 United St Saviour's Charity Arts Council England - NPO 5,000 5,000 2,750 81,826 133,226 133,226 201,226 231.118 432,344 278,807 Page 17
Entelechy Arts Limited Notes to the Financial Statements for the Year Ended 31 March 2024 4 Income from charltable activitles Total 2024 Total 2023 Goldsmith University Conferences, workshops and performances Spread the Word The Albany 1.750 29,041 7,000 17,700 18,535 18,53S 55,491 5 Investment Income Total 2024 Total 2023 Interest receivable and similar income; Interest receivable on bank deposits 3,172 1,099 Page 18
Entelechy Arts Limited Notes to the Financial Statements for the Year Ended 31 March 2024 6 Expenditure on charitable actlvltie5 Total 2024 Total 2023 Note Staff costs Fundraising costs Rent 184,726 4,543 10,740 1,577 87,672 34,497 5,545 274 200,521 10,409 10,898 2,533 134,937 49,796 6,881 2,855 2,700 50 Subscriptions Sessional and contract artists Production expenses Hall hire and technical support Publititv Consultancy and professional Bad debts wrltten off Depreclation of other tangible Allocated support costs 1,170 1,565 28,492 40,107 360,801 461,687 7 Analysis of support costs Support costs Total 2024 Total 2023 Insurance Telephone and fax General office expenses Computer support and webslte Trustee expenses Recruitment and staff training Cost of trustee meetings Independent examination Bookkeeping Bank charges 3,S99 1,303 2,326 1.086 562 3,032 1,588 2,479 1,379 406 2,003 442 6,975 2,533 3,792 17,833 90 3,024 14,018 129 28,492 40,107 Page 19
Entelechy Arts Limited Notes to the Financial Statements for the Year Ended 31 March 2024 8 Trustees remuneration and expenses No trustees, nor any persons connected wlth them, have received any remuneratlon from the charity during the year. No trustees have recelved any other benefits from the charity during the year. During the year the charity paid a total of £56212023.. £4061 for trustees expenses. 9 Staff costs The aggregate payroll costs were as follows: 2024 2023 staff costs durlng the year were: Wages and salarles Social security costs Pen51on costs other staff costs 170,377 8,370 5,001 978 185,218 10,503 4,545 255 184,726 200,521 The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equlvalents Wè5 as follows.. 2024 No 2023 io Charitable activlties No employee received emoluments of more than £60,000 during the yeBr. The total employee benefits of the key management personnel of the charity were £15,75012023 - £15,776). The chief executlve officer, as the hlghest paid member of staff, received benefits totalling £48.000 12023 £34,222). 10 Taxation The charity is a reglstered charity and Is therefore exempt from taxatlon. Page 20
Entelechy Arts Limited Notes to the Financial Statements for the Year Ended 31 March 2024 11 Tangible f ixed assets Other tanglble flxed asset Total Cost Additlons 7,826 7,826 At 31 March 2024 7,826 7,826 Depreclation Charge for the year 1,565 1,565 At 31 March 2024 1,565 1,565 Net book value At 31 March 2024 6,261 6,261 12 Debtors 2024 2023 Trade debtors 500 1,850 2,443 Prepayments 3,863 4,363 4,293 13 Cash and cash equivalent5 2024 2023 Cash on hand Cash at bank 635 135 212,212 288,594 289,229 212,347 Page 21
Entelechy Arts Llmited Notes to the Financial Statements for the Year Ended 31 March 2024 14 Credltors: amounts falling due withln one year 2024 2023 Trade creditors Other taxation and social security Other credltors Accruals 14,729 2,222 716 9,469 2,835 9,859 13,697 1,000 8,025 Deferred income 25,692 36,860 2024 2023 Deferred income at l April 2023 Resources deferred In the perlod Amounts released from previous periods 11,0001 18,1251 1,000 8,125 1,000 Deferred Income at year end 1,000 15 Pension and other schemes Defined contrlbutlon penslon 5theme The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributlons payable by the charity to the scheme and amounted to £S,00112023 - £4,545). Page 22
Entelechy Arts Llmited Notes to the Financial Statements for the Year Ended 31 March 2024 16 Funds Balance at 31 March 2024 Balance at I Aprll 2023 Incoming resources Resources expended Transfer5 UnrestrScted General General Funds 76,111 224.064 1155,1131 139,0001 106,062 Deslgnated Cross-organlsation artlstic programmes 68,000 168,0001 39,000 39,000 Total unre5trlcted 144,111 224,064 1223,1131 145,062 Restricted Adminlstration and overheads Associate Artists Programme Ambient Jam What wlll survive of us Elders/Glorious Age Walking Through Walls MM at the Movies/MM on the Move 12,079 800 84,983 138,5281 {14,6551 43,879 800 4,600 36,489 36,477 128,3851 {7,3471 16,4441 111,8671 14,142 26,846 29,130 6.444 3,784 9,500 1,417 8,262 2,147 3,997 3,946 15,9201 14,4001 134,7971 15,7311 2,253 12,4531 557 MM at the Cholr MM on the Radio 59,723 26,470 35,669 231,118 1137,6881 129,099 Total funds 179,780 455,182 1360,8011 274,161 Page 23
Entelechy Arts Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 31 March 2023 Balance at I April 2022 Incoming resources Resources expended Transfers Unrestrlcted General General Funds 113,662 166,466 1136,0171 168,0001 76,111 Deslgnoted Cross-organlsation artistic programmes 58,000 158,0001 68,000 68,000 Total unrestrlcted 171,662 166,466 1194,0171 144,111 Restricted Administration and overheads Associate Artists Programme Ambientjam Elders/Glorious Age Walklng Through Walls Thriving Communities Queen Mary Evaluation Programme Manley Court MM at the Movieslmm on the Move MM on the Radio MM at the Choir 23,829 2,702 4,208 31,790 52,624 148,3851 11,8501 127,2081 128,7301 114,6351 153,7551 115,9891 1521 4,600 15,9221 3,784 18271 12,079 800 23,000 2,862 14,635 4.600 3,784 54,582 4,510 1,080 620 15,1301 12,3201 1,240 10,657 34,144 30.936 9,920 144,8011 130,9361 19,920} 8,262 3,997 2,147 8,262 3,997 2,147 133,358 169,981 1267,6701 35,669 Total f unds 305,020 336,447 1461,6871 179,780 Page 24
Entelechy Arts LSmited Notes to the Financial Statements for the Year Ended 31 March 2024 The specific purposes for which the funds are to be applied are as follows.. Designated funds: Cross-organlsation artistic programmes administrative support. Purpose.. Creatlve Ageing and AJ programmes coordination and Restricted funds: Admini5tratlon and overheads - funding towards salaries and other costs. Ambient lam- Creative programme for adults with profound and complex disabilities. Creative Aging- Glorious Age.. Glorlous Age is Entelechy Arts, theatre company, a collectlve of people aged 65+ who create artistic projects and performances. Walking Through Walls.. Walking through Walls is a programme of long-term co113boration with care homes and nursing homes in Lewisham, Tower Hamlets and Southwark. Meet Me at the Movieslmm on the Move. MM at the Movies.. Film screenings for isolated and house-bound older people. MM on the Move.. Artist-led trips supporting isolated older people to access museums and cultural venues. Meet Me at the Choir- choir singing workshops for Isolated and house-bound older people. Meet Me on the Radlo- provide a regular space for isolated older people to come together, with a share sense of purpose. Art for Change- What Will Survive of Us - cultural heritage project designed to engage people in curating and crpating their own creative legacles. Page 25
Entelechy Arts Limited Notes to the Financial Statements for the Year Ended 31 March 2024 17 Analysls of net assets between funds Current year - net assets between funds Total funds at 31 Mar¢h 2024 Unrestrlcted funds General Designated Restricted funds Tangible fixed assets Current assets 6,261 125,493 125,6921 6,261 293,592 125,6921 39,000 129,099 Current liabllities Total net assets 106,062 39,000 129,099 274,161 Prevlous year- net assets between fund5 Total funds at 31 March 2023 Unrestrlcted funds General Deslgnated Restricted funds Current asset5 112,971 136,8601 68,000 35,669 216,640 136,8601 Current liabilities Total net assets 76,111 68,000 35,669 179,780 18 Related party transactions There were no related party transactions In the year. Page 26