Company registration number: 03360794 Charity registration number: 1068469
## Entelechy Arts Limited
(A company limited by guarantee)
Annual Report and Financial Statements for the Year Ended 31 March 2025
Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 0RB
## **Entelechy Arts Limited**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 6|
|Statement of Trustees' Responsibilities|7|
|Independent Examiner's Report|8 to 9|
|Statement of Financial Activities|10|
|Balance Sheet|11 to 12|
|Notes to the Financial Statements|13 to 26|
## **Entelechy Arts Limited**
## **Reference and Administrative Details**
**Chair** Jessica Thom **Trustees** James Bird Louisa Borg-Costanzi Potts Helen Gush Nicholas Harland Rosaline Muirhead Alison Rich Jessica Thom **Secretary** Redmond White **Charity Registration Number** 1068469 **Company Registration Number** 03360794 The charity is incorporated in England and Wales. **Registered Office** The Albany (Room 69) Douglas Way Deptford London SE8 4AG **Independent Examiner** Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 0RB **Bankers** CAF Bank Charities Aid Foundation 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4TA
Page 1
## **Entelechy Arts Limited**
## **Trustees' Report**
## **The Company's Charitable Objects**
To use arts and other social practices to enable older people and adults with learning disabilities to work with others from their communities in new and valued ways and to develop long term sustained practice with individuals and groups in SouthEast London; and to disseminate information about working practices and procedures to audiences at regional, national and international levels.
## **Mission and Values**
Entelechy Arts is a hub of artists and changemakers, creating pioneering projects 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 loneliness through our artistic programmes. Our work demonstrates the powerful creative contribution that 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 Associate Artists.
Our roots are in south-east London, but our work travels to Coventry, Bournemouth and Stockton, to Wales and internationally.
The following 5 values live 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 relationships and partnership working.
• Changemaking: Everything we do is connected to our core mission to make real and lasting change for the communities we work with.
• Joy: Whilst we are committed to all our programmes stimulating change and provoking important conversations, this does not mean that all we do is serious! All our projects exude connection, hope and joy
• Innovation: We are finding pioneering new ways of living, listening, thinking, creating and growing as a society.
The Management Committee engage the Director who is responsible for the overall management of the company within the policies and guidelines as set down by the Board of Directors. At 31 March 2025, the organisation had a core team of eight part-time staff with responsibility for managing individual programme areas and management/organisational running support.
Work is further supported by a number of associate artists and freelancers.
Page 2
## **Entelechy Arts Limited**
## **Trustees' Report**
## **Review of Activities**
During the 2024-2025 financial year Entelechy Arts continued to consolidate and develop a portfolio of programmes and projects delivering innovative practice in line with our charitable objectives. Our programmes can be categorised into 4 artistic outputs:
- **Ambient Jam** : Workshops, performances and installations co-created with artists to share dance, music, sensation and improvisation with differently abled people, including people with PMLD.
- **Creative Ageing** : An artistic programme incorporating theatre, dance, song and storytelling, co-created with people aged 65+.
- **Art for Change** : Artist development and commissioning 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 section below. The company received support from Arts Council England (National Portfolio Funding 2024-25, year 2) and from the London Borough of Lewisham.
Additional project funding was received from a number of trusts and foundations including:
Esme Fairbairn Foundation JP Jacobs Charitable Trust National Lottery Arts Council Project Grants National Lottery Awards for All National Lottery Heritage Fund National Lottery Reaching Communities The Lee Charity of William Hatcliffe United Saint Saviours
In 2024-2025, we delivered 322 workshops, co-created with our communities, with 486 people, reaching 1266 audience members, with 12 different arts organisations in 52 health or care settings. To do this we employed 78 freelancers, working alongside our 11 core team members and over 40 volunteers.
## **How our activities deliver public benefit?**
Our main activities and who we try to help are described below. All our charitable activities focus on the provision of arts and creative projects that support the cultural inclusion of people who have learning disabilities or older marginalised people, and are undertaken to further our charitable purposes for the public benefit. The charity's Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Commission in exercising their powers or duties.
Page 3
## **Entelechy Arts Limited**
## **Trustees' Report**
## **Who used and benefited from our services?**
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 2024-25 we also delivered an Ambient Jam programme of activity in Wales. In achieving our objective of developing inclusive opportunities for learning disabled people the work engages with diverse groups of people who have different backgrounds and abilities. In addition to our locally 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**
This year we were proud to deliver a wide-ranging and high impact programme of activity co-created with our communities. We ran multiple strands of creative and social workshops for the benefit of our communities, including a continuation of our remote ‘creative cluster’ programme developed during the covid-19 lockdowns, as well as public-facing performance work and installations, as outlined below.
## **Ambient Jam**
• Ambient Jam workshops (AJ 1 and 2) - movement and multi-sensory workshops for two groups of members who have profound and multiple learning disabilities (PMLD), 60 sessions delivered, 628 attendances. We ran a pilot in Wales that featured 20 sessions with 300 attendances.
• Ambient Jam Collective - performance group with differently abled artists, we presented public ‘sharings’, including 1 session at Goldsmiths Centre for Contemporary Art and 1 session at The Albany in collaboration with the artist Xan Dye.
## **Creative Ageing**
• Glorious Age - our drama group of 14 long-standing members who are aged 63 - 89. Across the year there was a total of 28 weekly sessions and bespoke rehearsals, with 280 attendances.
• Meet Me at the Albany - delivered in partnership with 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 97 in-person sessions with 89 different members coming to one or more sessions, and 47 cluster calls with 618 on-line attendances.
• Meet Me Behind the Camera - a programme of film-making training, working intensively with 6 participants across a three-month period, learning new skills and creating a group of creative peers.
• Walking through Walls - our programme in care homes at Tower Bridge Care Home, totalling 23 sessions, reaching 108 people.
Page 4
## **Entelechy Arts Limited**
## **Trustees' Report**
## **Art for Change**
• 21st 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 1 event, with 94 attendees, with a theme of Under the Sea.
• We produced the What Will Survive of Us project with the artist Kit Green, a series of 18 workshops in culture and care settings in London and Stockton (including in hospices, arts centres and the British Library), resulting in an interactive digital platform that hosts and shares creative, intentional act of personal heritage. The project reached 393 people.
• We also produced a new iteration of The Home Roadshow in four boroughs in London and in Stockton, working with the artist Kit Green and a group of artists and performers to present work in over 45 care homes. The project reached 1101 people.
## **Entelechy Arts Exchanges**
• We continue to grow a project with Lewisham Speaking Up that places people with PMLD at the heart of cultural activity and policy-making in their local area. Workshops in 2024-25 were held at a People’s Parliament in Catford, alongside attendances from key policy-makers like the deputy mayor of Lewisham, the Chief Executive of the Council, and the lead member for culture at respective Ambient Jam sessions.
## **Financial Review**
The Charity can report a deficit of £35,725 (2024: £94,381 surplus).
The charity’s reserves stood at £238,436 at 31 March 2025 (2024: £274,161). This comprises of unrestricted general funds of £95,538 (2024: £106,062), £33,000 of designated funds (2024: £39,000) and £109,898 of restricted funds (2024: £129,099). Total incoming resources for the year were £496,159 (2024: £455,182). This 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 environment. The level of this reserve is set at three months' unavoidable operating costs.
For the 2024-25 financial year this equates to £133,000 (2024: £90,200).
## **Risk Management**
The Trustees are responsible for the management of the risks faced by Entelechy Arts. The organisation has a written Risk Register which is reviewed quarterly. The Trustees are satisfied that the systems in place will mitigate exposure to major risks, such as a significant reduction in statutory finding and believe that risk management is a tool that assists in promoting its charitable purposes.
Page 5
## **Entelechy Arts Limited**
## **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 2025 which have been prepared incompliance with current statutory requirements, Companies Act 2006, the Charities SORP (FRS 102) applicable to charities 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 has no share capital, was incorporated on 27 April 1997 and commenced to operate on 1 November 1998 when it took over the assets, liabilities and operation of Entelechy (New Moves). The charity is governed by its Memorandum and Articles of Association.
New Trustees are appointed by members of the Management Committee and hold office until the following 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 receive a personal and detailed induction by the Chair, Director and General Manager.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
|Trustees:|James Bird|
|---|---|
||Louisa Borg-Costanzi Potts|
||Helen Gush (appointed 2 December 2024)|
||Nicholas Harland (appointed 2 June 2025)|
||Rosaline Muirhead|
||Alison Rich|
||Jessica Thom (appointed 2 December 2024)|
||Donell Atkinson-Johnson (resigned 31 July 2024)|
||Paul Cann OBE (resigned 31 July 2024)|
||Kurban Haji (resigned 15 April 2025)|
||Jane Senior (resigned 21 April 2025)|
||Redmond White (resigned 28 April 2025)|
|Chair:|Jessica Thom (appointed 2 December 2024)|
||Paul Cann OBE (resigned 31 July 2024)|
|Secretary:|Redmond White|
Page 6
## **Entelechy Arts Limited**
## **Statement of Trustees' Responsibilities**
The trustees (who are also the directors of Entelechy Arts Limited for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". The report and accounts have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies.
Company law requires the trustees to prepare financial 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 policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures 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 business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
## **Small companies provision statement**
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the trustees of the charity on 18 September 2025 and signed on its behalf by:
## Nicholas Harland
......................................... Nicholas Harland (Dec 3, 2025 13:18:10 GMT) Nicholas Harland 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 (who are also Directors for the purpose of company law) on my examination of the accounts of the Entelechy Arts Limited (‘the charitable company’) for the year ended 31 March 2025 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 charity’s trustees those matters I 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 responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
## **Responsibilities and basis of report**
As 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 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of Entelechy Arts Limited 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.
An independent examination 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 giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
## **Independent examiner’s statement**
Since Entelechy Arts Limited's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of 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:
1. accounting records were not kept in respect of Entelechy Arts Limited 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
Page 8
## **Entelechy Arts Limited**
## **Independent Examiner's Report to the trustees of Entelechy Arts Limited ('the Company')**
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.
...................................... Tim Sullivan FCA Field Sullivan Limited 9 Hare & Billet Road Blackheath SE3 0RB
Date:.............................
Page 9
## **Entelechy Arts Limited**
## **Statement of Financial Activities for the Year Ended 31 March 2025 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
3
Charitable activities
4
Investment income
5
Total income
**Expenditure on:**
Charitable activities
6
Total expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
16|**Unrestricted**
**£**
211,189
16,800
3,495
231,484
(248,008)
(248,008)
(16,524)
145,062
128,538|**Restricted**
**£**
264,675
-
-
264,675
(283,876)
(283,876)
(19,201)
129,099
109,898|**Total**
**2025**
**£**
475,864
16,800
3,495
496,159
(531,884)
(531,884)
(35,725)
274,161
238,436|**Unrestricted**
**£**
202,357
18,535
3,172
224,064
(223,113)
(223,113)
951
144,111
145,062|**Restricted**
**£**
231,118
-
-
231,118
(137,688)
(137,688)
93,430
35,669
129,099|**Total**
**2024**
**£**
433,475
18,535
3,172|
|---|---|---|---|---|---|---|
|||||||455,182|
|||||||(360,801)|
|||||||(360,801)|
|||||||94,381
179,780|
|||||||274,161|
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2024 is shown in note 16.
The notes on pages 13 to 26 form an integral part of these financial statements. Page 10
## **Entelechy Arts Limited**
## **(Registration number: 03360794) Balance Sheet as at 31 March 2025**
|**Note**
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
13
**Creditors: Amounts falling due within one year**
14
**Net current assets**
**Net assets**
**Funds of the charity:**
**Restricted**
**Unrestricted income funds**
Designated Funds
General Funds
Total unrestricted funds
**Total funds**
16|**2025**
**£**
4,696
3,787
260,287
264,074
(30,334)
233,740
238,436
109,898
33,000
95,538
128,538
238,436|**2024**
**£**
6,261
4,363
289,229|
|---|---|---|
|||293,592
(25,692)|
|||267,900|
|||274,161|
|||129,099|
|||39,000
106,062|
|||145,062|
|||274,161|
For the financial year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 acknowledge their responsibilities for complying with 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 provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
The notes on pages 13 to 26 form an integral part of these financial statements.
Page 11
## **Entelechy Arts Limited**
## **(Registration number: 03360794) Balance Sheet as at 31 March 2025**
The financial statements on pages 10 to 26 were approved by the trustees, and authorised for issue on 18 September 2025 and signed on their behalf by:
## Nicholas Harland
......................................... Nicholas Harland (Dec 3, 2025 13:18:10 GMT) Nicholas Harland Trustee
The notes on pages 13 to 26 form an integral part of these financial statements. Page 12
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **1 Charity 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 69) Douglas Way Deptford London SE8 4AG
These financial statements were authorised for issue by the trustees on 18 September 2025.
## **2 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements 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 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) - (Charities SORP (FRS 102) - Second edition October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with 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 liabilities are initially 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 uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
## **Exemption from preparing a cash flow statement**
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Page 13
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **Judgements and key sources of estimation uncertainty**
In the application of the charity’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 associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.
## **Income and endowments**
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.
## _**Donations and legacies**_
Donations 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 conditions 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 reporting 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 to the grant and are yet to be met, the income is recognised as a liability 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 periods; or - The donor has imposed conditions which must be met before the charity has unconditional entitlement.
## _**Investment income**_
Investment income on balances in bank accounts is recognised when the amount can be measured reliably. This is normally upon notification of interests paid by the bank.
Page 14
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **Expenditure**
All expenditure 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. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis 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 activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services 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.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £500.00 or more are initially recorded at cost, 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 course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according 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 2025**
## **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 classified as current liabilities if the charity does 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 presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Page 16
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **3 Income from grants, donations & legacies**
|Donations and legacies;
Donations from individuals
Grants, including capital grants;
Grants from other charities and
organisations
**Grants**
Edward Gostling Foundation
Esmée Fairbairn Foundation
National Lottery - Heritage Fund
Lee Charity of William Hatcliffe
London Borough of Lewisham
London Borough of Lewisham - NCIL
The National Lottery
Oakdale
The JP Jacobs Charitable Trust
United St Saviour's Charity
Arts Council England - NPO
The Deptford Challenge Trust
The Rayne Foundation
DWP - Access to Work
Other various|**Unrestricted**
**General**
**£**
1,713
209,476
211,189
**Unrestricted**
**funds**
**£**
-
76,250
-
-
-
-
-
-
-
-
133,226
-
-
-
209,476||**Restricted**
**£**
-
264,675||**Total**
**2025**
**£**
1,713
474,151|**Total**
**2024**
**£**
1,131
432,344
433,475
**Total 2024**
**£**
10,000
68,000
42,477
5,000
30,000
15,100
116,041
1,000
6,500
5,000
133,226
-
-
-
-
432,344|**Total**
**2024**
**£**
1,131
432,344|
|---|---|---|---|---|---|---|---|
||||264,675||475,864||433,475|
||||**Restricted**
**funds**
**£**
-
-
33,981
5,000
30,000
(10,328)
150,373
-
9,125
10,000
-
15,000
17,000
3,913
611
264,675||**Total 2025**
**£**
-
76,250
33,981
5,000
30,000
(10,328)
150,373
-
9,125
10,000
133,226
15,000
17,000
3,913
611
474,151|||
|||||||||
Page 17
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **4 Income from charitable activities**
|Conferences, workshops and performances
**5**
**Investment income**
Interest receivable and similar income;
Interest receivable on bank deposits
**6**
**Expenditure on charitable activities**
**Note**
Staff costs
9
Fundraising costs
Rent
Subscriptions
Sessional and contract artists
Production expenses
Hall hire and technical support
Publicity
Consultancy and professional
Depreciation of other tangible
Allocated support costs
7|**Total**
**2025**
**£**
16,800
**Total**
**2025**
**£**
3,495
**Total**
**2025**
**£**
223,883
4,840
18,471
1,935
190,926
66,418
5,306
3,301
69
1,565
15,170
531,884|**Total**
**2024**
**£**
18,535|
|---|---|---|
|||**Total**
**2024**
**£**
3,172|
|||**Total**
**2024**
**£**
184,726
4,543
10,740
1,577
87,672
34,497
5,545
274
1,170
1,565
28,492|
|||360,801|
Page 18
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **7 Analysis of support costs**
## **Support costs**
|Insurance
Telephone and fax
General office expenses
Computer support and website
Trustee expenses
Recruitment and staff training
Cost of trustee meetings
Other assurance services
Independent examination
Bookkeeping
Bank charges|**Total**
**2025**
**£**
4,314
1,080
2,006
1,219
83
1,490
1,014
960
2,944
-
60
15,170|**Total**
**2024**
**£**
3,599
1,303
2,326
1,086
562
2,003
442
-
3,024
14,018
129|
|---|---|---|
|||28,492|
## **8 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any other benefits from the charity during the year.
During the year the charity paid a total of £83 (2024: £562) for trustees expenses.
Page 19
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **9 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs
Other staff costs|**2025**
**£**
204,821
12,290
5,900
872
223,883|**2024**
**£**
170,377
8,370
5,001
978|
|---|---|---|
|||184,726|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
||**2025**||**2024**||
|---|---|---|---|---|
||**No**||**No**||
|Charitable activities||8||10|
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £Nil (2024 - £15,750).
The chief executive officer, as the highest paid member of staff, received benefits totalling £50,400 (2024 - £48,000).
## **10 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 20
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **11 Tangible fixed assets**
|**11 Tangible fixed assets**|||||
|---|---|---|---|---|
|**Cost**
At 1 April 2024
At 31 March 2025
**Depreciation**
At 1 April 2024
Charge for the year
At 31 March 2025
**Net book value**
At 31 March 2025
At 31 March 2024
**12 Debtors**
Trade debtors
Prepayments
**13 Cash and cash equivalents**
Cash on hand
Cash at bank||**Other tangible**
**fixed asset**
**£**
7,826||**Total**
**£**
7,826
7,826
1,565
1,565
3,130
4,696
6,261
**2024**
**£**
500
3,863|
|||7,826|||
|||1,565
1,565|||
|||3,130|||
|||4,696|||
|||6,261|||
|||**2025**
**£**
250
3,537
3,787
**2025**
**£**
370
259,917
260,287|||
|||||4,363|
|||||**2024**
**£**
635
288,594|
|||||289,229|
Page 21
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **14 Creditors: amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals
Deferred income
Deferred income at 1 April 2024
Resources deferred in the period
Amounts released from previous periods
Deferred income at year end|**2025**
**£**
12,566
3,947
869
12,702
250
30,334
**2025**
**£**
-
250
-
250|**2024**
**£**
14,729
2,222
716
8,025
-|
|---|---|---|
|||25,692|
|||**2024**
**£**
1,000
-
(1,000)|
|||-|
## **15 Pension and other schemes**
## **Defined contribution pension scheme**
The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £5,900 (2024 - £5,001).
Page 22
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **16 Funds**
|**Unrestricted**
**_General_**
General Funds
**_Designated_**
Cross-organisation artistic
programmes
**Total unrestricted**
**Restricted**
Administration and overheads
Associate Artists Programme
Ambient Jam
What will survive of us
Elders/Glorious Age
The Home
Walking Through Walls
MM at the Movies/MM on the
Move
MM on the Radio
**Total funds**|**Balance at 1**
**April 2024**
**£**
106,062
39,000
145,062
43,879
800
26,846
29,130
-
-
1,417
557
26,470
129,099
274,161|**Incoming**
**resources**
**£**
231,484
-
231,484
61,751
-
24,880
33,981
32,000
47,536
19,125
-
45,402
264,675
496,159|**Resources**
**expended**
**£**
(209,008)
(39,000)
(248,008)
(57,237)
-
(42,260)
(61,570)
(6,939)
(47,647)
(15,431)
(101)
(52,691)
(283,876)
(531,884)|**Transfers**
**£**
(33,000)
33,000
-
(10,525)
-
10,414
-
-
111
-
(456)
456
-
-|**Balance at**
**31 March**
**2025**
**£**
95,538
33,000|
|---|---|---|---|---|---|
||||||128,538|
||||||37,868
800
19,880
1,541
25,061
-
5,111
-
19,637|
||||||109,898|
||||||238,436|
Page 23
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
|**Unrestricted**
**_General_**
General Funds
**_Designated_**
Cross-organisation artistic
programmes
**Total unrestricted**
**Restricted**
Administration and overheads
Associate Artists Programme
Ambient Jam
What will survive of us
Elders/Glorious Age
Walking Through Walls
MM at the Movies/MM on the
Move
MM on the Radio
MM at the Choir
**Total funds**|**Balance at 1**
**April 2023**
**£**
76,111
68,000
144,111
12,079
800
4,600
-
-
3,784
8,262
3,997
2,147
35,669
179,780|**Incoming**
**resources**
**£**
224,064
-
224,064
84,983
-
36,489
36,477
-
9,500
3,946
59,723
-
231,118
455,182|**Resources**
**expended**
**£**
(155,113)
(68,000)
(223,113)
(38,528)
-
(28,385)
(7,347)
(6,444)
(11,867)
(5,920)
(34,797)
(4,400)
(137,688)
(360,801)|**Transfers**
**£**
(39,000)
39,000
-
(14,655)
-
14,142
-
6,444
-
(5,731)
(2,453)
2,253
-
-|**Balance at**
**31 March**
**2024**
**£**
106,062
39,000|
|---|---|---|---|---|---|
||||||145,062|
||||||43,879
800
26,846
29,130
-
1,417
557
26,470
-|
||||||129,099|
||||||274,161|
Page 24
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
The specific purposes for which the funds are to be applied are as follows:
Designated funds:
Cross-organisation artistic programmes – Purpose: Creative Ageing and AJ programmes coordination and administrative support.
Restricted funds:
Administration and overheads - funding towards salaries and other costs.
Ambient Jam – Creative programme for adults with profound and complex disabilities.
Creative Aging -
• Glorious Age: Glorious Age is Entelechy Arts’ theatre company, a collective of people aged 65+ who create artistic projects and performances.
• Walking Through Walls: Walking through Walls is a programme of long-term collaboration with care homes and nursing homes in Lewisham, Tower Hamlets and Southwark.
• Meet Me at the Movies/MM 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 on the Radio - 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 creating their own creative legacies.
• The Home: Roadshow Regional - cultural project designed to develop a new interactive work for elders in residential care, improving access to cultural activities for an often isolated and under-served audience.
Page 25
## **Entelechy Arts Limited**
## **Notes to the Financial Statements for the Year Ended 31 March 2025**
## **17 Analysis of net assets between funds**
## **Current year - net assets between funds**
|**Unrestricted funds**
**General**
**£**
**Designated**
**£**
Tangible fixed assets
4,696
-
Current assets
121,176
33,000
Current liabilities
(30,334)
-
Total net assets
95,538
33,000
**Previous year - net assets between funds**
**Unrestricted funds**
**General**
**£**
**Designated**
**£**
Tangible fixed assets
6,261
-
Current assets
125,493
39,000
Current liabilities
(25,692)
-
Total net assets
106,062
39,000|**Restricted**
**funds**
**£**
-
109,898
-
109,898
**Restricted**
**funds**
**£**
-
129,099
-
129,099|**Total funds at**
**31 March**
**2025**
**£**
4,696
264,074
(30,334)|
|---|---|---|
|||238,436|
|||**Total funds at**
**31 March**
**2024**
**£**
6,261
293,592
(25,692)|
|||274,161|
## **18 Related party transactions**
There were no related party transactions in the year.
Page 26
## 2025 Accounts
Final Audit Report
2025-12-03
Created: 2025-12-03 By: Entelechy Arts (finance@entelechyarts.org) Status: Signed Transaction ID: CBJCHBCAABAAaNGrth8GLGmVq2_InGjQ1KzfO82NPwos
## "2025 Accounts" History
Document created by Entelechy Arts (finance@entelechyarts.org)
2025-12-03 - 11:52:59 AM GMT
Document emailed to Nicholas Harland (nicholas.harland@gmail.com) for signature 2025-12-03 - 11:53:04 AM GMT
Email viewed by Nicholas Harland (nicholas.harland@gmail.com) 2025-12-03 - 1:10:59 PM GMT
Document e-signed by Nicholas Harland (nicholas.harland@gmail.com) Signature Date: 2025-12-03 - 1:18:10 PM GMT - Time Source: server
## Agreement completed.
2025-12-03 - 1:18:10 PM GMT