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2023-03-31-accounts

Company number: 02089425 Charity number: 1070805

Unaudited Report & Financial Statements

for the year ended

31 March 2023

Wenn Townsend

Chartered Accountants

Oxford

Reference and Administrative Details of the Charity

for the year ended 31 March 2023

Status
company, limited by guarantee and registered as a charity
Company Number 02089425
Charity Number 1070805
Registered Office and
Operational Address A Block East Oxford Community Centre
Princes Street
Oxford
OX4 1DD
Trustees Kate Eveleigh (resigned December 2022)
Andrew John McLellan (Vice-Chair)
Roger McKenzie (Co-Chair)
Sally McKone (Treasurer)
Lisia Newmark
Regina Ndhlovu (Co-Chair)
Secretary Kieran Cox
Principal Bankers National Westminster Bank PLC
Accountants Wenn Townsend
30 St Giles
Oxford
OX1 3LE

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Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

Structure, Governance and Management

The Trustees present their annual report and the financial statements for the year ended 31 March 2023.

Constitution and Organisation

Fusion - Oxfo ) is a registered Charity (number 1070805) governed by its Memorandum and Articles of Association and Company Limited by Guarantee (number 02089425). Its Board of Trustees governs the Charity.

Recruitment and Appointment of Trustees

The Directors of t Trustees: for the purpose of charity law and throughout this report they are collectively referred to as the Trustees and constitute its Members of Council.

constitution states that Board membership numbers should not be less than three with a quorum not less than one third or two Trustees, whichever is the greater. Trustees to date have been recruited through a direct approach by a member of staff or board member. They are usually previously known to the organisation or the individual who approaches them.

More recently, following guidelines, Fusion has implemented a targeted recruitment campaign, sending out advertisements to appropriate companies and groups with the required skillset. The applications received back are then presented to the Trustees who will meet the candidates and recruit the appropriate people.

New Trustees are briefed on their obligations under charity law and company law and on the committee and decision-making process, safeguarding, policies, the business plan and the recent financial performance of the Charity. Trustees cannot personally benefit from Fusion whilst serving as a Trustee.

Risk Assessment

The Trustees recognise and accept their responsibility for ensuring that risks to which the Charity is exposed are reviewed and steps are taken to mitigate potential damage by the use of appropriate preventative controls and corrective actions. Trustees are aware of the Charities SORP issued in 2016 (FRS 102) and accept the requirement, in relation to all aspects of their work, for regular assessment of operating strengths and weaknesses. To this end, the risk management strategy comprises an annual review of the risks that the Charity may face; the establishment of systems and procedures to mitigate those risks identified; and the implementation of procedures designed to minimise any potential impact on the Charity should any of those risks materialise.

Objectives and Activities for the Public Benefit

Our aims are to:

  1. Foster and promote the improvement and development of artistic knowledge, understanding and appreciation of the arts, including the worlds of drama, dance, music, visual arts, crafts, films, videos, animation and literature for the benefit of the public and in particular community groups, young persons, older people and people with special needs.

  2. Provide or assist in the provision of facilities for the arts, recreation and leisure time occupation with the objective of improving the conditions of life for such persons.

The Trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.

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Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

Fusion Arts Key Achievements 2022-23

Mission Statement

Fusion Arts is a catalyst for creativity in Oxford, and beyond. Since 1977 we have connected artists with communities, and inspired hundreds of bespoke creative projects.

Through the transformational power of the arts, we respond to challenging social circumstances by delivering meaningful, inclusive and innovative artistic experiences.

Fusion Arts has continued to develop a wide range of projects and initiatives to fulfil our remit and service plan of developing both centreCe off-site activities.

The key strands of work as recently defined in our current business plan are as follows:

Fusion is a leader in developing and maintaining the physical infrastructure of high-quality community arts activities and in providing a participatory arts programme for community artists through training and employment opportunities.

Artistic Policy

Fusion Arts:

We believe the arts:

We wish to see a sustainable, supportive and vibrant artistic & cultural ecology for Oxford.

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

2022-23

In 2022-23, Fusion Arts formed new partnerships with many organisations whilst consolidating and developing relationships with established partners and communities. Fusion Arts played an active role in recovering from the COVID-19 pandemic by supporting partners, workforces and communities. Fusion led on the establishment and development of a number of networks of collective action and support.

Fusion Arts did not create any redundancies or furlough any staff in the year 2021-22 in response to COVID-19 pandemic and its economic impact, even though, like other cultural organisations, Fusion had to close Fusion Arts Centre and studios for a large period of the year for the safety and welfare of staff, artists and communities. Fusion Arts was therefore well placed to take a lead on the cultural recovery of Oxford and the arts ecology of Oxford throughout 2022-23.

Fusion Arts operated ongoing throughout the pandemic supporting communities and reopened Fusion Arts Centre and studio spaces in a COVID-19 safe way responding to different variants. Supporting groups and communities to reconvene in a safe and supported way meant that the beginning of 2022 was a vibrant time for many stakeholders.

Fusion Arts continued to support the local economy through employment, creating a number of temporary and permanent roles. Fusion Arts continued to support the local economy by working with local partners and suppliers. Fusion Arts continued to support the local economy by putting on events and exhibitions that brought footfall and spend across multiple areas throughout the year.

Fusion Arts continued to fight injustice and advocate for social change. Fusion supported diverse partners and groups, communities and individuals with protected characteristics disadvantaged and disenfranchised by the wider society and experience, or are at risk of, being discriminated against.

Fusion Arts continued to support the community providing opportunities for people to come together, learn, celebrate and share arts and culture.

Fusion Arts created opportunities for individuals and communities to connect and to gain skills and understanding.

Fusion Arts continued to lead on organisational, sectoral and community change and development.

Committed to social change Fusion Arts is a founding member of Oxfordshire Cultural Anti-Racism Alliance

Commitment to combatting climate emergency Oxfordshire Green Arts Charter & Network

Continued artist support and development Exhibitions, Advocacy, Studios, Space, Employment & Artist Research (Arts Lab and Music Lab)

Place making Temporary Spaces and Pop-Up alongside community building and supporting events around the city.

Peter McQuitty.

At the end of April 2021 the then Chair of Fusion Arts Peter McQuitty passed away. This was a great loss to the organisation, team and the city. He is still missed and his memory and legacy is cherished. His contribution to Arts and Culture here in the city is marked by the Museum of Oxford naming and dedicating their new Education Galleries after him as well as awarding a number of annual bursaries to young people dedicated to culture. We are still in discussions with partners and community about how we may continue to work in his memory.

Key Projects, Events, Partnerships and Highlights 2022-23

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

Story Makers

Story Makers is an acclaimed innovative multi-arts project designed and delivered in partnership with an integrative arts psychotherapist. Each year the project is funded by BBC Children In Need and delivered in partnership with a different Oxford museum and community collection.

We work with groups of 7-11 years old children with speech, language and communication needs engage in creative arts practice to build skills, self-esteem, confidence and interpersonal relationships. Due to COVID19 the delivery methodology changed to best support children and work safely for the team in approach Story Makers Stories of Home we worked with Wood Farm Primary school and with the Museum of Oxford. Hosting an additional exhibition at the Window Galleries in September.

This intensive, in-depth and sustained programme has been shown to make significant differences to participants lives. The project culminates with a celebration day and follow-on exhibition showcasing the ty collection. The Story Makers learning is shared with experts across education and arts psychotherapy through a symposium that brings people together. Learnings have also been included in multiple publications.

Previous project partners to date include Bayards Hill, Cutteslowe, Rose Hill, New Marston and Wood Farm Primary Schools, John Henry Newman Academy School and also the Virtual School for looked after children. Museum partners have been The Ashmolean Museum of Art and Archaeology, The Pitt Rivers Museum, The Oxford University History of Science Museum, Oxford Botanic Garden and The Museum of Natural History and now Museum of Oxford.

We have extended this programme under current funding until 2024.

The next year has got started already and Story Makers Stories of Oxford is also already underway and we will be working with 40 children from Wood Farm Primary and Rose Hill Primary alongside the Museum of Oxford. Children get the chance to share their creativity, discover, explore and bring their experiences to life using art materials and imagination, and gain confidence and self belief.

Sensational Books

Initiated in 2020 - Sensational Books is a project in collaboration and exhibition with Bodleian Libraries that is curated and led by Professors Emma Smith and Kathryn Rudy. The project works with the Bodleian's collections and explores encounters with books beyond reading, including responses across the five senses of sight, sound, taste, smell and touch and beyond.

We worked with 9 contemporary artists to explore the book as an object engaging the senses. This work was originally planned to go towards putting on several workshops and an exhibition in the Weston Library in 2020 but was put on hold and extended due to the pandemic. Although initially conceived as 3 sound art commissions we were able to build on relationships to work with:

Louise Beer and John Hooper

Sam Skinner Sian Hutchings and Calum Perrin

Helen Frosi Gill Partington Andrew Albin & Amy Sterly

The Exhibition: Sensational Books May 26[th] December 4[th] 2022.

These Things Matter

These Things Matter is led by Museum of Colour (MoC) in partnership with Bodleian Libraries & Fusion

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

Arts. Funding was secured from Paul Hamlyn Foundation with additional support from the Esme Fairbairn Foundation.

The centrepiece of the project was an exhibition titled These Things Matter at the Bodleian Libraries Weston Library in the Blackwell Hall, which opened in Oxford November 2022. Museum of Colour is a so a globally accessible experience. The exhibition investigated the ideas and relationships that maintained systems of empire and slavery, and displayed selected items of emotional control from the Bodleian Libraries collections.

We held a number of in person and online selection workshops in 2021-22 that informed the artist commissions and exhibition display. In these sessions people learnt about a number of items of emotional control from a long list of objects they were then able to select those which they felt should be included in the final exhibition and be the subject of the commissioned artists works.

We also used our community links to recruit people for a Global Majority participant only workshop at the Bodleian Library. Further public engagement was achieved through a survey version of the selection workshops that was circulated online.

We held an open call for artists to take part in the exhibition and 7 artists were commissioned to make new works reflecting on the chosen objects as part of the These Thing Matter exhibition and programme.

Commissioned artists: Bunmi Ogunsiji (writer/poet), Grace Lee [SOME.GAL] (multi-disciplinary), Amina Atiq (poet), Dirty Freud (music and arts collective), Nilupa Yasmin (visual artist), Mahdy Abo Abahat (film maker), Johanna Latchem (contemporary installation/performance)

Artists created specific reflective pieces in responsive to the specific items selected by the community from the Bodleian Libraries Collections. Artists were supported through this process by teams from Fusion, MoC and the Bodleian to access, interpret and make new works.

Exhibition: These Things Matter: Empire, Exploitation and Everyday Racism 17 November 2022 19[th] February 2023.

Save The Last Dance

An Intergenerational partnership project with Creative Dementia Arts Network SLDM involves a group of younger people and a group of older people living with dementia coming together for intergenerational learning. Initiated in 2021-22, with places offered to open Dementia Friends, Alzheimer's Society for practitioners in the sector.

The project aims to increase wellbeing and intergenerational understanding between younger and older people through participation in an arts and cultural activities programme. The programme provides opportunities to share and exchange experiences & resources; be creative; develop skills, self-esteem & confidence; and increase feelings of community understanding and togetherness.

Young people and older people with dementia living in Banbury are sharing their experiences through artistic activity and conversations.

SLDM involved 40 participants aged between 10 and 85 years old including primary school children, secondary school students, creative writing tutors, project leaders, a community artist, a musician, a poet living with vascular dementia and his carer (also a poet) residents living with dementia and care home staff. SLDM aimed to increase understanding of old age and dementia amongst younger people and connect older people with their younger selves through arts, music and writing. Sessions for young

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

people were led by creative writing tutors, an artist, and a photographer whilst a community musician led reminiscence sessions with olde their ideas during a creative activities day (including a tea dance) and produced a Zine documenting their intergenerational experiences, to be shared with healthcare professionals across Oxfordshire and beyond.

Oxford Christmas Light Festival

Fusion Arts took a leading role in partnership with Oxford City Council alongside a number of cultural partners to develop and produce a new community focused COVID-19 safe festival over the past few years.

For this year's Light Festival, Fusion Arts delivered Lantern workshops to a number of groups. Fusion Arts supported 13 schools and community groups to create lanterns and celebrate as part of the citywide festival. Fusion delivered 21 Lantern making sessions with 671 people of whom the majority were children in primary schools (512). We employed 4 local artists and also offered CPD opportunities.

In addition to Lantern Making workshops Fusion Arts Finding the Light event in Florence Park produced by FloFest/GloFest and the local community. Partnering with FloFest for two nights, November 18[th] & 19[th] 2022, Florence Park was illuminated with lights, lasers & lanterns. There were local independent food & drink stalls, fairground rides, live music & DJ's, and a light show.

On the Friday, 140 children from local primary schools Larkrise Primary School and East Oxford Primary came together to hold a mini lantern parade in the park with their friends, community and families; their 'Migration' themed lanterns were covered in flags and words (in many languages) of welcome and thanks. These lanterns were then hung in the trees for all to see over the weekend.

Over the weekend we welcomed >7000 visitors to the park.

Westway Project

Fusion is supporting public art engagements in Botley Westway Precinct. Working in close partnership with the local Parish Council and the Art Development Officer for the Vale of the White Horse, Oxfordshire, we are supporting artists Eleanor [Nor] Greenhalgh, Alex Wenham and Clare Goodall to produce work and engage with the local community for this project.

Artists:

Alex Wenham is a stone mason and carver. Clare Goodall is a community artist who creates collaborative mosaic works. Nor Greenhalgh is a local artist concerned with collaborative practice.

The project has been significantly delayed through COVID19 and lockdowns. Fusion supported a number of community pop up days as well as collaborations this is included 5 community mosaic workshops days led by Clare Goodall who also worked with groups from local primary schools. Artworks were installed and unveiled at the C completion 2023-24 and has been delayed whilst the Parish Council and the Botley Gap Group negotiate with Highways England on permissions (ongoing since 2021).

Write On!

A Creative Writing programme created in Summer 2020 partnering with young carers and children in care. For this the third year of the programme Write On offered a series of creative writing workshops with those aged 13-17 to develop skills and build confidence, self-esteem and friendships. Online and in person sessions offered participants the opportunity to explore and develop their creative writing skills over the course of six weeks through a variety of exploratory writing exercises, techniques, and

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

discussions. Sessions are led by mentors from the Creative Writing MSt course at the University of Oxford. The mentors receive safeguarding and mentoring training. Feedback from partners and participants, report benefits including increased confidence in their writing ability and confidence speaking & sharing work in front of a group.

Participants have included Virtual School for Looked After Children and Care Leavers and Be Free Young Carers' network of carers, young It Project. Our mentors are working with over 25 young people from a range of socio-economic, ethnic and religious backgrounds, including ESL students and students who are returning to school to complete their GCSEs.

Given the growth of this project, we are planning for its long-term development into a Creative Writing Hub where we are aiming for a level of self-sufficiency achieved through longer-term core project funding.

Windrush

Fusion is one of the core organisations of the Oxford Windrush Group contributing to the annual year round celebrations and support for the wider community.

established as an installation and exhibition in 2019. In partnership with African and Caribbean Kultural Heritage Initiative (ACKHI), BKLUWO, Museum of Oxford and others.

For 2022 Windrush celebrations Fusion Arts took on the promotion and marketing as we welcomed Dr Marton Glynn to the Pitt Rivers Museum to give the Annual Windrush Lecture.

Wetlands Art

running throughout the year. Fusion Arts delivered 6 creative workshops with multiple artists exploring different visual arts skills in a variety of environments and places. The programme engaged people to increase understanding of the lives of rare wetland plants and their importance alongside teaching different art techniques and bringing people together in nature. Operating at the nexus of art, science and ecology we worked with 180 participants delivering high quality art workshops, whilst making the project accessible in areas with usually low engagement/access. In September 2022 we also hosted a public exhibition at our Community Gallery space at 95 Gloucester Green.

Community Food Project

In partnership with Museum of Oxford and community partners we convened a number of workshops to create a conversation that might create a co-design project to explore heritage and food, growing and space and the city.

People want to come together to talk about identity and food, make new connections and ways to feel a sense of belonging. We want to explore what our past tells us about our present and our future. We want this to be a space for people to think creatively, make bold plans, and learn something new about working together with other groups and organisations. We want it to be a space where people look to a better future and can feel a sense of agency in responding to big systemic issues affecting our relationship with food, from social and racial justice issues to climate breakdown.

While MOX and Fusion Arts are acting as project convenors at the start, the aim is for all contributors to take ownership and collaborative leadership of the work planned together in these sessions. At the same time, recognising that our organisations may have more access to resources than a lot of communitybased organisations, we want to offer the sort of support which is needed and useful in improving equity between all partners including: AfiUK, Oxford Hindu Temple, Oxfordshire Filipino Community, Oxford City Farm, Good Food Oxford, ACKHI, Sunrise Club Banbury, Iraqi Women Art & War, Syrian Sisters as well

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

as individuals and researchers.

Parasol Fusion Arts Studio

and young people experiencing, or at risk of rk closely together to provide professional inclusive and high quality arts provision and workshops that engage and support the young people to learn and thrive. The programme is led and developed by the young people. Arts and culture are embedded as the normal offer in the health and wellbeing of this group.

This highly successful and -19 we established non-contact digital options alongside physical COVID safe workshops. The Summer Holiday 2022 programme saw us return to in person workshops with the Tower Playbase childrens provision and the Teens Group no longer at East Oxford. Numbers were still lower than before the Pandemic as we were keen to still be safe and also do the best provision for children and young people. Summer 2022 we worked with 30 disabled and non disabled young people and 45 children over the course of 6 weeks! We worked with local artists and created roles for artist assistants and were able to additionally support paid traineeship for an early career artist.

We were able to share the work of the children and Young People whilst promoting the important work that Parasol Project do as part of the Window Galleries Autumn 2022 shows.

Youth Ambition Summer Arts

Fusion Arts contributed to the Youth Ambition holiday Activities in Littlemore and Northway engaging 36 Teenagers in screen printing workshops creating unique and personal designs on tshirts and bags.

Eid Extravaganza Arts in the Park

Fusion Arts teamed up with the Eid Extravaganza and Oxford Community Action Teams to bring fun and creative printing workshops to the 2022 Eid celebrations event. Multi-faith welcoming, family-friendly, free entry and open to people from all communities, the festival once again saw thousands of people attend at Cheney School. Fusion ran drop in mono-print and block-print workshops at the events in May and July working with loads of kids and families seeing over 500 make art and connect across both very hot days in the park.

FloFest 2022

Fusion Arts worked with an Asylum Welcome youth group to host inclusive art sessions and then an exhibition at FloFest.

For FloFest22 in Florence Park we invited visitors to create new pieces of artwork responding to the work of the asylum seeking young people in the exhibition that they could then take home. Despite the rainy weather we have created mono prints with almost 400 people whilst also raising awareness for Asylum Welcome's work and refugee week.

Botatnic Garden 400 years old

Fusion supported this event running drawing workshops with professional artists for the general public at the Botanic Garden Birthday Celebration . Members of the public from all ages were able to come and learn to draw from a selection of specific or were encouraged to take materials and go and explore the Garden where members of the team would then find them and help give pointers and help with technique in situ.

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

Supporting Community through Creating Spaces & Place Making

Artist residencies, studios, galleries, venues, workshop, rehearsal, and community spaces.

Building on conversations with partners and landlords from 2019, Fusion Arts established a number of mmunities to make, show, create and experience the arts together. Two empty shops and three unused offices were converted into shared studio spaces, a recording studio, a music venue and community exhibition space, and a gallery, rehearsal and exhibition space.

We have developed Artist Residencies and partnerships supporting Upcycled Sounds, ACKHI, Kuumba Nia Arts, Lighthouse Project as well as a diverse group of artists.

Supporting artist development and local arts ecology with affordable/subsidised studios and workshop space in Templars Square.

51 Between Towns Road Upcycled Studios Project . Upcycled Sounds successfully expanded their business and moved to a purpose built Studio complex in North London. We were hosted Safehouse Studios in their place for the first 6 months of the year.

Working with the landlords and management team we successfully returned the unit to a full commercial lease with a local independent family run business (our third unit successfully re-activated!!).

We invested time and resources to reclaim valuable building materials to minimise our carbon footprint. Unneeded furniture was returned to Emmaus Charity and sound proofing and insulation materials were gifted to a local arts organisation to help them winterise their studios. Wood and shelving was removed and re-used in alternative spaces.

13 Templars Square A new space for the community and artists. We created new artist studio spaces and we also created a workshop space. This space is ongoing and developing hosting workshops in the holidays with children, young people and families from Oxford Community Action, EMBS, and YWMP.

Community Gallery & Creative Space 95 Gloucester Green New Community Gallery and Workshop space. Programmed alongside the community to create a dynamic and social values-driven exhibitions, activities & events supporting communities and artists.

Notable events and exhibitions Include:

an exhibtion of photography and ceramics exploring the earth,

climate change and an imagined Oxford.

Make it Manadatory Launch event supporting the Make it Mandatory Teach DV team (led by Faustine Petron Fusion Arts Summer Intern 2022) are campaigning to have Domestic Violence and information about abuse taught in secondary school up to 16-18 years old. GRAVE GOOD Excavating the Hard Drive

Valley of the undead. Film maker and multi-disciplinary artist Mahdy Abo Bahat.

Zahra Tehrani EP Launch Art and Music event for all ages (Zahra was a Fusion Arts - Music Labs Artist 2021).

Spilt Milk 2023 - an exhibition of work made by queer artists of marginalised genders. The show is a retaliation against the lack of representation for queer artists of marginalised genders in the art world. Spilt Milk provides a platform for these artists, enabling their work to get the consideration and recognition it deserves, with no requirement for it to be about their gender or sexual orientation.

RISE an exhibition of 46 artworks by 20 Ukrainian artists who have had to make the UK their home. ian Society for relief work. curated by Yulia Astasheva and local artist Andy Bullock.

Beside the Point is a group exhibition showcasing the work of eight Oxford-based artists in a range of media including video, performance, poetry, painting, installation and sculpture. The varied outcomes are the culmination of the group's studies on the part-time Warehouse Art School

Poetry event WriteOn! project collaboration with Circle and Arc local university of Oxford students and the community poetry and spoken word evening.

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

Birago Day Poetry Event from Natty Mark Samuels Celebration of the life and work of folklorist Birago Diop.

Contradicting Authenticity Julius Muraga's paste up designs that explore emotions such as grief and loneliness.

Ellie Thompson COMFORT ZONE Ruskin School of Art graduate showcase of whimsical creatures ude and a cartoonish sense of humour informs each of her soft felt sculptures. This has created a wonderful joyous buzz with families and individuals visiting the exhibition.

Swap Shop - Green Arts Oxfordshire Network - Oxford Brookes University Fine Art BA placement student Ash Goller, created an artists materials swap shop for the day. Drop All Words - Launch event for new local not-for-profit Record Label supporting 16-25 years olds

Window Galleries

In partnership with the Randolph Hotel by Graduate Hotels we created a new gallery space for the city. The #WindowGalleries, which are located along Friars Entry in Oxford, are an innovative collaboration between community organisation Fusion Arts and The Randolph Hotel by Graduate Hotels.

The project ating a lively space for the public to experience inspiring work by local artists. Rejuvenating the area in this manner helps bring vibrance and intrigue to the otherwise empty windows that so many people pass by each day.

This year, the #WindowGalleries have hosted:

Rycotewood Furniture - courses; school leavers and mature students undertaking a City Guilds course in Furniture Craft, apprentices in industry fine tuning their skills, and graduates from the BA Hons Furniture Design & Make course Joyful Co Ltd Exhibition supporting independent creative producing eco-craft kits for children & adults. Story Makers Fusion led innovative participatory arts project changing lives by supporting 7-11 years old children with speech, language and communication need to explore creativity and build confidence and self esteem ( see projects above).

Parasol Project Collaborative creative arts programme for children and young people ( see projects above). The Oxford Academy African Studies various stories, images, poems written by the year 9 students. Ellie Thompson (Graduate Artist) supporting recent graduate from Ruskin Arts School to show her playful sculptures.

Pop-up exhibtion of cyanotype banners exploring the energy crisis

and environmental catastrophe. TUT Collective organized by The Humanities Cultural Programme presented by TORCH selection of works by the TUT collective of artists of Egyptian origin sharing experiences of modern Egypt and across the diaspora

Natty Mark Sameuls Birago Day Poetry & ANTHEM OF AVOCADO exhibition of Rootical Folklore: celebrating African and Caribbean Folklore through the flora. EPOCH Rawz - Exploring the interplay between science, technology and creativity, Oxford hip hop artist Rawz developed a collaboration between Inner Peace Records and researchers at universities. 49 striking ceramic poeces created over the past 3 years at his home (during COVID19) and OxPots Studio .

- an exhibition by Oxford-based photographer a series of

environmental images previously exhibited virtually at the @turnercontemporary

- a display of banners made from recycled materials, a collaboration between artist Sian Klein and the Green Arts Oxfordshire Network. 94,000 Mexicans to be Found by Veronica Cordova (Fusion Arts studio artist) was a reproducible statement artwork that informs its audience of the disappearance crisis in Mexico. When first displayed at titled 27,000 Mexicans to be Found. contemporary paintings by Oxford based artist and educator Juliet Henderson.

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

A History of Ordinary People in Africa brought to you by Oxford University Africa Society, supported by TORCH as part of the Humanities Cultural Programme, and by the Oxford African Studies Centre. Beside the Point a range of collaborative pieces to coincide with the Warehouse Art School show at 95 Gloucester Green .

Winter POP-UP @ the Old Jam Factory

In December 2022 Fusion Arts created a pop-up Community Centre - reanimating a vacant restaurant building in the city.

Together we created a Makers Market featuring 26 Creatives. Alongside a variety of free drop in workshops including pottery, screen printing and embroidery. Diverse food and drink and Music.

We collaborated with various local independent businesses and partners including Divine Schism, Big Scary Monsters, Oxford Community Action, Damascus Rose Kitchen, Parasol Project, Iraqi Women Art and War with Velocity transporting everything around the city in a zero carbon way to breathe life back into this historic building in a socially driven and sustainable way.

Working with landlords and property agents to manage occupation Fusion Arts reactivated this space.

Oxford Cultural Anti-Racism Alliance

In April 2020, Fusion Arts met with community and cultural organisations across the city. Created to respond to, and combat racism, through collaborative action Oxford Cultural Anti-Racism Alliance was launched and Fusion was one of the many signatories of the Alliance's manifesto.

The aim of the Alliance is to get organisations in Oxford's arts and cultural sector to commit individually and collectively to dismantling systematic racism within the sector and across wider society.

By signing the manifesto, Fusion has committed to radical and lasting cultural change, taking an active anti-racist stance and ensuring that there is meaningful representation of people from the Global Majority across Oxford's cultural sector.

We have established programmes of training for the sector.

Fusion Arts still leads alongside other cultural partners as a founding member of the Steering Committee

Green Arts Oxfordshire Network

We have supported and led on the establishment of the Green Arts Oxfordshire Network in collaboration with Tandem Collective since 2020. The network is designed to help catalyse environmentally friendly actions amongst Oxfordshire artists and cultural organisations and charter our collective commitment to environmental justice.

The network had a successful soft launch in January 2021, which was attended by over 50 artists and individuals from Oxfordshire cultural organisations. Discussions revealed the need for guidance, community, pledges and support around achieving ecological goals.

Fusion Arts has successfully incubated this highly regarded local project. As GAON grows it has been bale to redistribute materials and equipment, encouraged sharing and collaboration across the network. Supported Cultural events such as Marmalade and Big Green Week.

GAON has established a Carbon Literacy Training programme specifically tailored to Oxfordshire and artists and cultural organsiations. This training programme is accredited by the Carbon Literacy Project.

GAON activity in 2022-23:

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

Core Organiser alongside Tandem and others for Oxfordshire Great Big Green Week: 13.15 tonnes of CO2 saved through sharing between network members for GBGW launch event, rather than buying new, laid the foundations of trust for future sharing. Promoted 129 events across Oxfordshire. Held a launch event in Bonn Square with a solar powered stage, apple pressing and crafts. Delivered energy themed cyanotype workshops at community events in Barton and Botley. Hosted lantern making sessions in Templars Square. Held lm screening at UPP. Participated in , The Angry Garden Film Comp, Oxford Poetry Library Open Mic Events, re-launched a new website for GAON.

Redevelopment of East Oxford Community Centre

The Fusion Arts Centre has been a hub for creativity in the local area. Using the centre, we have been able to support multiple diverse groups, multi-arts, exhibitions, events, collaborations between organisations, community and artists. As well as being one of Ox rtant arts and youth spaces, Fusion Arts Centre has venues, hosting local, national and international acts throughout the year, including events for all ages and all-day festivals.

Redevelopment of East Oxford Community Centre has been planned for many years. The redevelopment plan currently includes the demolition and replacement of Fusion Arts Centre. Due to uncertainties created through COVID-19 and the global economic turndown the future and security of the project were unclear. Poor communication from Oxford City Council (landlord and project partner) meant that our work at the Fusion Arts Centre was severely interrupted. Since the beginning of the planning process in 2015 Fusion Arts championed and centered social value and human centric design. We have asked that construction and refurbishment to be environmentally responsible. We have demanded that the building's future function is best practice regarding accessibility as well as usability and is welcoming to all from the community. We have also demanded economic responsibility going forward regarding ups to still use the space and that the site supports local community groups.

In early May 2022 Fusion Arts said goodbye to our beloved Community Arts Centre. We eagerly await this next chapter. Project is due for completion between November 2023 - March 2024. Since the closure of the centre Fusion has been based [in Cowley and utilized various pop up spaces around the City]. This has enabled us to continue our work but without the community hub which was a key element of our success and a springboard for many of our projects.

Th Fusion Arts was established over 45 years ago in May 1977 and has been based at the Fusion Arts Centre, East Oxford Community Centre ever since.

It communities, the arts, social justice and wellbeing. A once in a lifetime opportunity of civic community building to create a new East Oxford Community Centre.

Community Darkroom Due to the Closure of Fusion Arts Centre the Community Darkroom needed to be broken down. Although much of the equipment is in storage we were able to create a small set up in one of the studios for use by artists and team and hope to reopen the community darkroom if a new venue becomes available in 2023-24.

& East Oxford Drawing Schoo ~~l~~ Programme is currently on hold due to the East Oxford Community Centre for redevelopment. We intend to reactivate at an alternative venue in 2023-24.

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

Notable partners 2022-23s include:

African Caribbean Kultural Heritage Initiative (ACKHI), Kuumba Nia Arts, Upcycled Sounds, Parasol ect (YWMP), Modern Art Oxford, Fig Studio, IF Science Festival, Cultural Partners Group OCC, FloFest / GloFest, East Oxford Youth Partnership Board, Cultural Education Partnership Board, Restore, Bounce Design, Drop All Words, Safehouse Studios, BKLUWO, Museum of Oxford, Oxford University Museum of Natural History, Christmas Light Festival, Pitt Rivers Museum, Bodleian Libraries, Museum of the History of Science, Ashmolean Museum of Art and Archaeology, Botanic Gardens, GLAM partnership, Oxford Brookes University, Oxford Brookes Sonic Art Research Unit, Divine Schism, Oxford, EMBS, Age UK, Creative Dementia Arts Network (CDAN), Oxford Playhouse, Oxford Community Action, Warehouse Arts School, Oxfordshire Schools include; Rose Hill Primary, Wood Farm Primary, Bayards Hill Primary, West Oxford Community Primary, Wolvercote Primary, St Barnabas Primary, Church Cowley St James Primary, St School for Looked after Children and Care Leavers, Templars Square Shopping Centre New River Retail REIT, Community Spaces, Rose Hill Youth Club, Rose Hill Community Group, African School, Love Your Plane, Randolph Hotel by Graduate Hotels, Oxford City Council, South Oxfordshire District Council, Vale of the White Horse District Council.

Fusion Arts actively embeds artist development opportunities throughout projects from planning to delivery.

Financial Review

Reserves

The Board has an established reserves policy with a five year target to build a reserve covering three . In the year 2020-2021 although there was a very difficult financial climate due to the increased risk recognition regarding the COVID-19 pandemic, Fusion Arts prioritised adding to the operating reserve funds to meet this target 4 years early. This also recognises the potential for an increasingly harsh funding climate, limiting possibilities for securing unrestricted funds going forward.

Due to the impact of the cost of living crisis on our funding opportunities and temporarily losing our main premises and therefore main source of income due to redevelopment we have spent down our operational reserves in 2022-23, which we target to rebuild in the coming year.

The Board continues to closely monitor the funding position of the organisation to adjust and take decisions appropriately.

Application of reserves: The Board intends that the reserve is established and preserved as a fund to ensure business continuity in the event of a temporary funding shortfall or an ultimate decision to wind up operations, requiring a close-down period. However, the Board considers the following applications to be valid uses of funds placed in the reserve over and above the base lev

1) Business Support: core support to the business designed to advance its activities or strengthen its resources including funding of additional resources, human or material.

2) Development funds: small allocations to permit development of new initiatives in the absence of other developmental funds being secured.

3) Stability reserve: further building of the base reserve level, considering inflationary pressures on budget and/or the impact of increased staffing or other costs on the three-month operating costs reserve level.

In the case of uses being proposed under 1) or 2), the Board will receive, in advance of any commitment being entered, a costed proposal for consideration, along with indication of method and timing of restoration of any temporary depletion of the base Reserves level.

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

In the case of use under 3), the Board will be advised by the Director, in consultation with the Treasurer, of any amounts drawn down for business continuity purposes, the underlying reasons for this and the plans for restoration of the reserves to the established level.

Future Plans

work in partnership with multiple diverse communities and organisations to increase access to the arts and improve lives through opportunity to take part in creative practice.

Ongoing projects include Story Makers, Oxford Light Festival (Illuminating Oxford & Lantern Parades), These Things Matter with Museum of Colour. We are creating more public art programmes and also working across the county in areas such as Berinsfield and Didcot as we help communities recover from the COVID19 Pandemic and its effects to meet the needs of our communities.

We have developed skills and expertise regarding activation of vacant and underused spaces and have plans to expand and develop our meaningful temporary spaces and pop-ups to increase access to the arts and opportunities for artists and communities through provision of studios, exhibition and rehearsal spaces whilst also increasing support for local artists through innovative artist residencies and employment.

Fusion Arts is developing a new business plan and organisational structure. Fusion Arts is working in partnership with stakeholder communities and organisations alongside Oxford City Council to envisage a new East Oxford Community Centre, increasing new opportunities to develop and enhance its outputs and engage with more communities.

Fusion is helping to develop the Oxford Cultural Anti-Racism Alliance. Fusion is leading and incubating projects such as Green Arts Oxfordshire Network. Fusion is supporting other organisations to make changes that are of social, community and environmental value.

Fusion Oxford ommunity Arts Agency Limited

Trustees Annual Report For the year ended 31 March 2023

Directors

The following persons served as directors throughout the year unless otherwise stated. They are also Trustees under charity law, constitute the Members of Council and have no beneficial interest in the charitable company.

Kate Eveleigh (resigned December 2022) Andrew John McLellan (Vice-Chair) Roger McKenzie (Co-Chair) Sally McKone (Treasurer) Lisia Newmark Regina Ndhlovu (Co-Chair)

The Members of Council guarantee to contribute an amount not exceeding £1 to the assets of the charitable company in the event of winding up. The total amount of such guarantees at 31 March 2023 was £5 (2022: £6).

Regina Ndhlovu & Roger McKenzie Co-Chair

o er c en ie R g M K z

21[st] December 2023

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Independent Examiner's Report to the Trustees of Fusion mmunity Arts Agency Limited

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023 which are set out on pages 18 to 26.

Responsibilities and basis of report

As the charity 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

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 ection 145 of the Charities A 2011 ). 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 that in any material respect:

  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 r r 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.

Mr Anthony Haines BSc FCA Partner Wenn Townsend, Chartered Accountants Oxford

21st December 2023

- 17 -

r* ¢oriN c c 0> (O

Fusion Oxfor Arts Agency Limited

Balance Sheet
as at 31 March 2023
Note
Fixed assets
Tangible fixed assets
7
Current assets
Debtors
8
18,701
Cash at bank and in hand
38,444
57,145
Creditors: amounts falling due
within one year
9
(41,551)
Net current assets
Net assets
10
Funds
Unrestricted funds
11
Restricted funds
11		 2023
£
1,996
15,594
17,591
21,042
(3,452)
17,590		 23,993
149,810
173,803
(33,300)		 2022
£
2,734
140,503
143,237
121,744
21,493
143,237

The directors are satisfied that the company was entitled to exemption section 477 of the Companies Act 2006 and that members have not required an audit in accordance with section 476.

The directors acknowledge their responsibilities for:

The financial statements are prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board on 21[st] Decmeber 2023 and signed on its behalf by

o er c en ie R g M K z

Roger McKenzie and Regina Ndhlovu Co-Chairs

Company number: 02089425

The notes on pages 20 to 26 form part of these financial statements

- 19 -

Fusion Ox

mmunity Arts Agency Limited

Notes to the Financial Statements for the year ended 31 March 2023

1. Accounting Policies

Basis of Preparation

The financial statements have been prepared in accordance with the Companies Act 2006, the Charities Act 2011, the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective October 2019) (Charity SORP FRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). The charity meets the definition of a public benefit entity under FRS 102.

The trustees consider that there are no material uncertainties about the charity s ability to continue as a going concern.

Incoming resources

Voluntary income received by way of donations and grants to the charity is included in full in the statement of financial activities when receivable, receipt is reasonably certain, and the amount can be quantified with reasonable accuracy.

Income from legacies is accounted for on a receivable basis, and is recognised in full in the statement of financial activities in the period in which receipt becomes certain.

All other discretionary income is recognised on a receivable basis in the statement of financial activities.

Income generated from the supply of services is included in the statement of financial activities in the period in which the supply is made.

All of the income generated in the year has been derived from activities wholly undertaken in the UK.

Fund accounting

Unrestricted funds are built up from incoming resources received or generated for the charitable purpose. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.

Designated funds are funds set aside out of unrestricted funds by the Council and applied towards specific purposes as identified by the Council.

Restricted funds are funds used for specified purposes as laid down by the donor. Expenditure meeting the criteria is charged against the fund, together with a fair allocation of overheads and support costs.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs 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 those resources.

Governance costs are those incurred in connection with the administration of the charity regarding compliance with constitutional and statutory requirements.

- 20 -

cy Limited

Notes to the Financial Statements for the year ended 31 March 2023 (continued)

1. Accounting Policies (continued)

Resources expended (continued)

Staff costs and overhead expenses are allocated to activities on the basis of staff time spent on those activities.

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the Charity to the expenditure.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided on fixed assets using the following annual rates in order to write off each asset over its anticipated useful life.

Plant and machinery 33% reducing balance Computer equipment 33% reducing balance

2. Income

In the opinion of the trustees, none of the income of the company is attributable to geographical markets outside the UK (2022: none).

3. Charitable expenditure

Furthering
Support Governance
Charity
Costs
Costs
£
£
£
Wages and salaries
66,060
33,040
-
Project costs
101,606
-
-
Travel and subsistence
833
-
-
Office and workshop
-
8,743
-
Telephone costs
-
1,119
-
Printing, postage and stationery
5,936
2,285
-
Advertising and publicity
2,955
-
-
Training and subscriptions
483
-
-
Insurance
-
4,262
-
Accountancy fees
-
6,383
3,000
Sundry expenses
522
19
-
Depreciation
-
1,122
-
Recruitment
-
100
-
Website
-
4,228
-
Legal fees
-
-
171
178,395
61,301
3,171		 2023
Total
£
99,100
101,606
833
8,743
1,119
8,221
2,955
483
4,262
9,383
541
1,122
100
4,228
171
242,867		 2022
Total
£
72,704
149,832
659
28,434
237
2,011
1,088
1,925
3,726
6,920
125
1,122
437
1,918
-
271,138

- 21 -

ty Arts Agency Limited

Notes to the Financial Statements for the year ended 31 March 2023 (continued)

4. Net resources expended for the year

This is stated after charging:
Independent examiner
s fee
Depreciation
Staff costs and numbers
Salaries and wages - gross
Pension		 2023
£
3,000
1,122
2023
£
97,217
1,883
99,100		 2022
£
2,880
1,122
2022
£
71,005
1,699
72,704

5. Staff costs and numbers

The average weekly number of employees (full-time equivalent) during the year was as follows:

Direct charitable activities
Management and administration
Total employed staff
Freelance staff
Total staff		 2
1
3
4
7		 2
1
3
4
7

No employee received emoluments in excess of £60,000 per annum for either 2023 or 2022.

In addition to employed staff, many freelance staff also support the charity on an ad hoc basis. The full time equivalent of these staff is estimated above.

The Trustees of the charity, who are also the key management personnel, received no remuneration during the year (2022: £nil).

No Trustees had expenses reimbursed by the charity (2022: £nil).

6. Taxation

The charity is not in receipt of income chargeable to taxation. All of its income is applied for charitable purposes.

- 22 -

mmunity Arts Agency Limited

Notes to the Financial Statements for the year ended 31 March 2023 (continued)

7. Tangible fixed assets

Plant &
Fixtures &
Computer
machinery
fittings equipment
£
£
£
Cost
At 1 April 2022
4,804
1,123
22,571
Additions
-
-
384
At 31 March 2023
4,804
1,123
22,955
Depreciation
At 1 April 2022
4,680
1,122
19,962
Charge for the year
60
1
1,061
At 31 March 2023
4,740
1,123
21,023
Net book values
At 31 March 2023
64
-
1,061
At 31 March 2022
124
1
2,609
8.
Debtors
2023
£
Trade debtors
11,513
Prepayments
7,188
18,701
9.
Creditors: amounts falling due within one year
2023
£
Trade creditors
11,683
Taxes and social security
2,677
Accruals and deferred income
3,600
Other creditors
23,591
41,551		 Total
£
28,498
384
28,882
25,764
1,122
26,886
1,996
2,734
2022
£
16,879
7,114
23,993
2022
£
21,150
(726)
7,570
5,307
33,300

- 23 -

Fusion Oxfor

Notes to the Financial Statements for the year ended 31 March 2023 (continued)

10. Analysis of net assets between funds

2023
Designated
Fund
£
Tangible fixed assets
-
Current assets
-
Current liabilities
-
Net Assets at 31 March 2023
-
2022
Designated
Fund
£
Tangible fixed assets
-
Current assets
55,000
Current liabilities
-
Net Assets at 31 March 2022
55,000		 General
Restricted
Fund
Funds
£
£
1,996
-
57,145
-
(38,099)
(3,452)
21,042
(3,452)
General
Restricted
Fund
Funds
£
£
2,734
-
92,895
25,908
(28,885)
(4,415)
66,744
21,493		 2023
Total
£
1,996
57,145
(41,551)
17,590
2022
Total
£
2,734
173,803
(33,300)
143,237

- 24 -

F

s Community Arts Agency Limited

Notes to the Financial Statements for the year ended 31 March 2023 (continued)

11. Movement in funds 2023

Restricted Funds:
Inside Out Outside In
Sensational Books
Story Makers 3 and 3.2
Street Arts
Rose Hill
Lanterns 2022
WriteOn
SOUAB
Leaders of Tomorrow
Green Arts
OCEP Mural
SLDM 2022
Wetlands
Unrestricted Funds
General
Designated
Total Funds		 Opening
Incoming
Outgoing
balance
Resources
Resources
£
£
£
3,163
-
-
5,069
-
(3,179)
9,468
17,950
(12,872)
500
-
-
-
5,500
(4,671)
5,658
(2,671)
(2,540)
(2,365)
2,365
(475)
2,200
-
-
3,000
(26,148)
-
3,250
-
-
4,350
(635)
-
2,300
(1,347)
21,493
38,244
(51,867)
66,744
78,976
(191,000)
55,000
-
-
143,237
117,220
(242,867)		 Transfer
£
(3,163)
(1,890)
-
-
(829)
-
475
(2,200)
-
-
(3,715)
-
(11,322)
66,322
(55,000)
-		 Closing
balance
£
-
-
14,546
500
-
447
-
(23,148)
3,250
-
953
(3,452)
21,042
-
17,590

Transfers relate to overspends on some restricted projects being covered by unrestricted income. During the year, the Trustees elected to designate a portion of their general reserves for the development of the Charity s premises, this is shown as a transfer from general to designated funds.

Restricted funds

Transfers between the funds relate to closure of the specific restricted fund and recognition of the costs previously having been absorbed by the general fund.

- 25 -

Fusion Oxf Community Arts Agency Limited

Notes to the Financial Statements for the year ended 31 March 2023 (continued)

Movement in funds 2023 continued:

Designated fund

The designated fund sets aside funds for the future development of the premises and mitigation of risk surrounding the future unknown spends with regards to the property.

11. Movement in funds 2022

Restricted Funds:
Inside Out Outside In
Sensational Books
Story Makers 3
Street Arts
Rose Hill
YA Arts Inclusion
Culture recovery fund
Culture recovery fund II
Lanterns 2021
WriteOn
SOUAB
Unrestricted Funds
General
Designated
Total Funds		 Opening
Incoming
Outgoing
balance
Resources
Resources
£
£
£
3,163
-
-
(2,864)
10,500
(2,567)
14,728
-
(5,260)
500
-
-
3,177
-
(3,177)
(8,631)
8,631
-
-
39,657
(39,657)
-
15,104
(15,104)
-
9,380
(3,722)
-
21,290
(26,883)
10,073
104,562
(96,370)
86,186
158,554
(174,768)
55,000
-
-
151,259
263,116
(271,138)		 Transfer
£
-
-
-
-
-
-
-
-
-
3,228
3,228
(3,228)
-
-		 Closing
balance
£
3,163
5,069
9,468
500
-
-
-
-
5,658
(2,365)
21,493
66,744
55,000
143,237

12. Related parties

There were no related party transactions in the current or preceding year.

- 26 -