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2023-12-31-accounts

ARK-T CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 2023

CHARITY NUMBER: 1079495

UNAUDITED FINANCIAL STATEMENTS AND TRUSTEES ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

CONTENTS PAGE
General information 1
Trustees’ Annual Report 2
Independent Examiner’s report to the members 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the financial statements 10

ARK T CENTRE

GENERAL INFORMATION

Registered charity name Ark-T Centre Charity number 1079495 Principal & registered office address The Venue 242b Barns Road Oxford OX4 3RQ Trustees Helen Morton (Chairperson) (resigned March 2024) Ivan Wise (appointed September 2023, Chairperson from March 2024) Sharon Evans Dr Andrew Gant Laura Jostins-Dean Daniel Levy (Treasurer) Shakeel Marham Donnia Reafat (appointed April 2024) Johanna Rice Hassan Elmi Sabriye

Accountants SPX Oxford Ltd Peace House 19 Paradise Street Oxford OX1 1LD Independent examiner Caroline Webster FCA UHY Ross Brooke Suite I Windrush Court Abingdon Business Park Abingdon OX14 1SY Bankers CAF Bank 25 Kings Hill Avenue Kings Hill West Mailing Kent

1

ARK T CENTRE

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

Chair Person’s Statement

The year 2023 has been another challenging yet transformative year for Ark-T Centre. We have continued to navigate the cost-of-living crisis and post-pandemic recovery. However, I am pleased to report that we have made significant strides in growing our impact, particularly with the opening of a new venue in a busy shopping centre, Templars Square, which has significantly increased our visibility and capacity to reach more people.

Our new programmes, including expanded creative wellbeing and community driven initiatives, allowed us to engage with many participants. Our partnerships, especially with organisations addressing food insecurity and mental health, have deepened, allowing us to serve some of Oxford’s most disadvantaged communities.

One of our key achievements this year was stabilising our finances post-pandemic - thanks to the strategic leadership of our CEO, Tracey Schueler, and the Ark T team. We were sad to hear the news that Tracey would be leaving us in mid 2024 as her husband had been appointed to a new role in London and the family would be moving. We would like to thank Tracey very much for everything that she has achieved since she joined Ark-T in 2022, especially the increased financial stability and the move of Ark-T into Templars Square and out of the John Bunyan Baptist Church. The Trustees have been very fortunate to recruit Catherine Flutsch as our new CEO who started in July 2024, and has brought new energy and experience to support our vision and activities.

I would like to extend my heartfelt thanks to all the funders, partners, and individuals who continue to support our work.

At Ark-T, we believe in the transformative power of creativity and community. Our vision remains focused on fostering inclusive, creative spaces where people can connect, express themselves, and work toward community-led change. We continue to tackle systemic inequalities, focusing on supporting people facing complex disadvantages, especially in Cowley and Blackbird Leys.

The Trustees present their report together with the financial statements for the year ended 31 December 2023.

Administrative details are shown on page 1

The charity is also grateful to all the staff and volunteers .

Website

www.ark-t.org

Twitter @ArkTOxford Facebook /ArkTOxford

EXECUTIVE SUMMARY

2

ARK T CENTRE

Ark-T is proud to operate as a leading arts and community centre with a focus on mental health and wellbeing. From our three venues in Cowley and Blackbird Leys, we use creativity to bring people together and inspire social change. With our new venue’s increased visibility in a bustling shopping centre, we have expanded our reach.

For over two decades, Ark-T has been a safe, inclusive space for people of all ages and backgrounds. Our programmes target the inequalities prevalent in our surrounding neighbourhoods, with some areas ranked in the 10-20% most deprived in England. We offer free, person-centred creative programmes for children, young people, and vulnerable adults, providing pathways to employment, opportunities for volunteering, and experiences that foster community engagement.

In 2023, our focus has remained on tackling the growing mental health crisis, especially among young people. Through our creative programmes, we have seen remarkable transformations in participants’ wellbeing and confidence. We continue to work collaboratively with our local partners to deepen our impact and reach.

Key Statistics for 2023:

Objective

The charity’s objective is the advancement of education in the Arts in the area of the City of Oxford and particularly in the area of Cowley, for the benefit of the local community, and in particular to provide facilities for the preparation and presentation of artistic works.

Trustee recruitment and induction

Trustees are recruited according to the skills needed on the board. Trustees are invited to meet with prospective trustees and the CEO on a 1-1 and group basis and are then voted through a majority vote. Trustees are then required to submit a DBS certificate and attend safeguarding training if not previously completed within the last two years.

The trustees receive regular e-bulletins from the Charity Commission and others regarding relevant updates in legislation.

Public Benefit

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Charity Commission in determining the activities undertaken by the charity.

Financial review

3

ARK T CENTRE

Income and Expenditure Overview

In 2023, the charity received £351,736 in income and incurred £370,527 in expenditure, resulting in a deficit of £18,791, which was smaller than the two previous financial years (2022 -£58,871 and 2021 -£84,162). Key to this was our focus on diversifying income streams, including growing our venue hire revenue, increasing grants, and launching new initiatives like the Creative Wellbeing Workshops.

Our CEO, Tracey Schueler, continued to lead efforts to streamline costs while maintaining the quality of our programmes.

Reserves

Reserves are defined as unrestricted funds that are freely available to spend on any of the charitable purposes of the Charity (the Ark-T Centre). Funds such as restricted income funds, the balance of restricted grants, tangible fixed assets and any investment funds are excluded from the reserves. Reserves are held to meet any unexpected spending requirements and unforeseen day-to-day operational costs, any shortfall in income from donations or grants, any delays in receiving grant payments and to fulfil the obligations of the Charity (the Ark-T Centre).

Our Beneficiaries are individuals and groups with complex needs who are often vulnerable and facing multiple disadvantages. They come to the Charity (the Ark-T Centre) for creative arts activities and rely on the Charity to provide them with ongoing access to support, guidance, mentoring, creative outlets, skills training and information and they would be adversely affected if the Centre was unable to operate and provide them with these outlets and support.

The Trustees therefore consider that a suitable policy for this Charity (the Ark-T Centre) is to hold in reserves the equivalent of a minimum of three to six months of general operating costs including salary costs. This policy and the level of reserves will be reviewed once a year by the Trustees.

At the end of 2023, we held £25,986 in unrestricted reserves which is the equivalent of between one and two months general operating costs for the Charity (the Ark-T Centre). We aim to increase the reserves to the planned level of a minimum of three months of general operating costs by significantly increasing our fundraising activity and identifying suitable donors and organisations from whom general donations for this purpose can be requested. The Trustees and management team are conscious that they are likely to face financial headwinds, and are focussed on increasing income and managing costs with rigour. Where possible, funders are being urged to contribute to Ark-T’s unrestricted funds, and not to restrict contributions to specific projects. Management is committed to using a portion of general income to rebuild Ark-T's reserves.

Risk management

The Trustees regularly review Ark-T’s risk management strategy, focusing on financial stability, operational resilience, and safeguarding practices. Key risks in 2023 included economic pressures and the ongoing cost-of-living crisis, which increased demand for our services while challenging our funding streams. We have mitigated these risks through careful financial planning, strategic fundraising, and operational efficiencies.

4

ARK T CENTRE

FUTURE PLANS FOR 2024 AND BEYOND

Looking ahead to 2024 and beyond, we are excited to continue growing our impact, especially through the increased visibility of our new venue. We anticipate engaging over 3,000 participants through our programmes. We will also deepen our partnerships across Oxford to address the growing needs of our communities, particularly in mental health and wellbeing.

Our priorities include securing additional funding for core activities, and continuing to develop programmes that meet the evolving needs of the communities we serve.

THANK YOU

We would like to thank the following funders for their support for programmes and core activity.

Arts Council England, Children In Need, Oxford City Council via Big Ideas grant, Oxfordshire County Council Holiday Activity Fund, Dragon School, Activate, The Funding Network, Oxford City Council through the Oxford Cultural Education Partnership, UK Youth, Mabs Mardulyn Charitable Trust, Response, The National Lottery via Flo’s People Place Participation, Garfield Weston, TORCH Oxford University, our regular monthly donors, two donors who gave major gifts for The Art Nest, and our four wonderful donors who gave gifts to enable us to support our core costs.

And to the many wonderful members of the public who gave to us throughout 2023 through monthly donations and one-off donations which made a vital difference to our charity and gave us the courage to persevere.

We would also like to give our heartfelt thanks to all the community organisations, community groups and individuals who hire our space, not only providing us with crucial unrestricted funding, but moreover, enabling positive activities which support the health and wellbeing of the communities we serve.

And to our inspirational partners:

Flo’s the Place in the Park, Waste2Taste, Oxford Community Action, No Vice Ice, Damascus Rose Kitchen, SOFEA, Oxford Mutual Aid, Oxford City Farm, the OX4 Early Years Alliance, Cultural Education Partnership, SAFE!, Donnington Doorstep, Orchard Meadow Primary School, Greyfriars Catholic School, Activate Learning, Modern Art Oxford, Film Oxford, GLAM, TORCH, and our partners on the mental health partnership including Response, Oxford Health, RAW, SOFEA, TRAX, BYHP, and Oxfordshire Youth.

Approved by the Trustees on …22 October 2024……………………

Signed on their behalf by Ivan Wise Chairperson

5

ARK T CENTRE

INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF ARK T CENTRE FOR THE YEAR ENDED 31 DECEMBER 2023

I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2023, which are set out in pages 7-17.

Responsibilities and basis of report

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).

I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Act and 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

Since the charity’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 the institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no 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 charity as required by section 130 of the Act; or

  2. The accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (accounts and Report) Regulations 2008 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.

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.

Caroline Webster FCA

Date………………………………………. 25.10.2024

6

ARK T CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
Income from:
Donations and legacies
2
Charitable activities
3
Other trading
activities
4
Other income
Investments
Total income
Expenditure on:
Raising funds
5
Charitable activities
6
Total expenditure
Net income / -expenditure
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forwards
Total funds carried forward		 Unrestricted
Funds
£
86,900
4,828
87,882
3,420
1,927
184,957
6,924
195,251
202,175
- 17,218
- 2,738
- 19,956
45,942
25,986		 Restricted
Funds
£
151,205
14,316
1,258
-
-
166,779
520
167,832
168,352
- 1,573
2,738
1,165
32,173
33,338		 Total
2023
£
238,105
19,144
89,140
3,420
1,927
351,736
7,444
363,083
370,527
- 18,791
-
- 18,791
78,115
59,324		 Unrestricted
Funds
£
102,991
1,044
81,158
1,284
470
186,947
1,093
191,098
192,191
- 5,244
19,274
14,030
31,912
45,942		 Restricted
Funds
£
185,954
-
2,192
-
-
188,146
71
241,702
241,773
- 53,627
- 19,274
- 72,901
105,074
32,173		 Total
2022
£
288,945
1,044
83,350
1,284
470
375,093
1,164
432,800
433,964
- 58,871
-
- 58,871
136,986
78,115

7

ARK T CENTRE

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022 2022
£ £ £ £
Notes
FIXED ASSETS
Tangible Assets 10 1,000 18,794
CURRENT ASSETS
Debtors 11 12,757 17,905 17,905
Cash at bank 83,160 132,050 132,050
95,917 149,955 149,955
CREDITORS:Amounts falling due within
one year		 12 - 37,593 - 90,634 - 90,634
NET CURRENT ASSETS 58,324 59,321
CREDITORS:Amounts falling due after
more than one year - -
NET ASSETS 59,324 78,115
FUNDS
INCOME FUNDS
Unrestricted Income funds 14 25,986 45,942
Restricted income funds 13 33,338 32,173
TOTAL INCOME FUNDS 59,324 78,115

The financial statements were approved by the Board of Trustees on ……24 October 2024……. and are signed on behalf of the board by:

………………………….

8

ARK T CENTRE

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. Accounting Policies

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the charity's accounts.

(a) Basis of Accounting

The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are the advancement of education in the Arts in the area of the City of Oxford and particularly in the area of Cowley, for the benefit of the local community, and in particular to provide facilities for the preparation and presentation of artistic work.

The charity constitutes a public benefit entity as defined by FRS 102.

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)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

The Trustees recognise the current financial situation of Ark-T is not ideal and that there are inevitable uncertainties about the charity’s ability to continue as a going concern. The Trustees have met regularly and been engaged and informed throughout the period in scrutinizing and monitoring financial reports and budget forecasts to assess the impact on the activities of Ark-T during the year and have agreed a number of actions to reduce costs and increase income which are already showing positive results. They are confident that the outcome of these actions will enable the charity to continue as a going concern and to rebuild the reserves over the next few years.

The financial statements have been prepared on a going-concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

(b) Fund Accounting

Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted 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.

(c) Income

Income from donations and grants is recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability.

Investment income, trading income and other income are recognised on a receivable basis.

9

ARK T CENTRE

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

(d) Expenditure

Expenditure is recognised on an accruals basis. Expenditure includes any Value Added Tax which is reported as part of the expenditure to which it relates.

(e) Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Improvements to Property 25% straight line Fixtures and Fittings 25% straight line Musical equipment 25% straight line

(f) Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

2. Donations and legacies

Donations
Gift Aid
Grants		 Unrestricted
Funds
£
41,672
2,156
43,072
86,900		 Restricted
Funds
£
60,785
-
90,420
151,205		 Total
2023

£
102,457
2,156
133,492
238,105		 Unrestricted
Funds
£
26,470
693
75,828
102,991		 Restricted
Funds
£
3,162
-
182,792
185,954		 Total
2022
£
29,632
693
258,620
288,945

3. Income from charitable activities

Fees received Unrestricted
Funds
£
4,828
4,828		 Restricted
Funds
£
14,316
14,316		 Total
2023

£
19,144
19,144		 Unrestricted
Funds
£
1,044
1,044		 Restricted
Funds
£
-
-		 Total
2022
£
1,044
1,044

10

ARK T CENTRE

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

4. Income from trading activities

Unrestricted
Funds
Restricted
Funds
£
£
Café rental and venue hire
2,809
-
Rents receivable
85,073
1,258
87,882
1,258
. Expenditure on raising funds
Unrestricted
Funds
Restricted
Funds
£
£
Generating funds
6,924
520
6,924
520
. Expenditure on charitable activities
Unrestricted
Funds
Restricted
Funds
£
£
Staff
113,331
123,121
Premises
22,264
3,977
Office
21,776
2,222
Projects
2,973
33,089
Accountancy
12,693
-
Loss on disposal of fixed
assets
16,452
-
Depreciation
1,342
-
Legal and professional
2,795
-
Other
1,625
5,423
Total charitable activities
195,251
167,832		 Total
2023
£
2,809
86,331
89,140
Total
2023
£
7,444
7,444
Total
2023
£
236,452
26,241
23,998
36,062
12,693

16,452
1,342
2,795
7,048
363,083		 Unrestricted
Funds
£
5,725
75,433
81,158
Unrestricted
Funds
£
1,093
1,093
Unrestricted
Funds
£
89,714
33,522
17,770
18,994
9,597

-
13,705
6,704
1,092
191,098
Restricted
Funds
£
-
2,192
2,192
Restricted
Funds
£
71
71

Restricted
Funds
£
184,757
2,145
4,526
39,599
-

-
-
1,025
9,650
241,702		 Total
2022
£
5,725
77,625
83,350
Total
2022
£
1,164
1,164
Total
2022
£
274,471
35,667
22,296
58,593
9,597

-
13,705
7,729
10,742
432,800

5. Expenditure on raising funds

6. Expenditure on charitable activities

7. Staff numbers

The average number of persons employed, analysed by activity was:

2023 2022 Charitable activities 16 15

11

ARK T CENTRE

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

8. Staff costs

8. Staff costs
Wages
Social security costs
Pension costs
Training, DBS fees and other staff
costs		 2023
£
217,297
10,853
4,234
232,384
4,068
236,452		 2022
£
250,784
14,926
4,487
270,197
4,274
274,471

No employee earned £60,000 p.a. or more.

No trustee received any remuneration or expenses.

Remuneration paid to key management personnel amounted to £35,892 (2022: £33,116). Pension costs for key management personnel amounted to £864 (2022: £541).

9. Related party transactions

There were no related party transactions in the current and prior year.

10. Tangible fixed assets

COST
At 1 January 2023
Additions
Disposals
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge for the year
Written back on disposals
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
NOTES TO THE ACCOUNTS		 Fixtures &
Fittings
£
18,023
-
- 18,023
-
7,920
-
- 7,920
-
-
10,103
(continued)		 Musical
Equipment

£
1,329
-
-
1,329
1,329
-
-
1,329
-
-		 Improvements
to Property
£
31,869
-
- 31,869
-
25,520
-
- 25,520
-
-
6,349		 Office and
IT
equipment
4,027
-
-
4,027
1,685
1,342
-
3,027
1,000
2,342		 Total
£
55,248
-
- 49,892
5,356
36,454
1,342
- 34,440
4,356
1,000
18,794

12

ARK T CENTRE

FOR THE YEAR ENDED 31 DECEMBER 2023

11. Debtors

Trade debtors
Other debtors		 2023
£
10,239
2,518
12,757		 2022
£
17,805
100
17,905

12. Creditors: Amounts falling due within one year

Taxation and social security
Accruals and other creditors
Deferred income
Trade creditors		 2023
£
2,930
4,382
20,000
10,281
37,593		 2022
£
4,178
9,334
70,947
6,175
90,634

13

ARK T CENTRE

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

13. Movements on restricted funds

Art Nest Donations
Arts Council
Arts in the Element
Artswork
Children In Need
DCMS
HAF
Maggie Black
Martha 21
National Lottery / OX4 Food Crew
Oxford City Council Culture Fund
Oxford University Small Community
Grant
Samworth
Topaz
TORCH
University of Reading
Total funds		 Balance at
1 January
2023
£
5,462
1,668
-
-
2,545
3,004
823
617
2,535
-
-
1,250
-
14,269
-
-
32,173
Income
£
59,750
-
890
9,769
39,458
-
15,843
5,546
145
1,758
1,950
-
15,431
-
14,780
1,459
166,779		 Expenditure
£
- 54,485
- 3
- 961
- 10,034
- 37,578
- 3,722
- 16,200
- 4,705
- 2,805
- 1,758
- 509
- 1,250
- 17,380
- 963
- 14,780
- 1,219
- 168,352		 Transfers
£
-
-
71
-
-
718
-
-
-
-
-
-
1,949
-
-
-
2,738		 Balance at
31
December
2023
£
10,727
1,665
-
- 265
4,425
-
466
1,458
- 125
-
1,441
-
-
13,306
-
240
33,338

14

ARK T CENTRE

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

Movement on restricted funds 2022
Balance at
1 January
2022
Income
£
£
Art Nest Donations
11,394
32,175
Arts Council
-
8,974
Anonymous
22,710
-
Children In Need
41,609
37,985
DCMS
-
35,983
HAF
-
14,583
Helen Morton Donation
-
900
Iffley Church Charity
-
1,000
Maggie Black
-
1,109
Martha 21
2,556
1,012
Oxford City Council Culture
Fund
-
850
Oxford University Small
Community Grant
-
1,500
Response
3,076
15,000
SAFE
-
6,559
Samworth
-
15,432
Topaz
14,269
-
TORCH
2,209
5,220
Youth Music
3,933
9,864
Lloyds Bank
3,318
-
Total funds
105,074 188,146		 Expenditure
£
- 38,107
- 7,306
- 23,000
- 77,049
- 11,241
- 13,760
- 900
- 1,773
- 492
- 1,033
- 813
- 250
- 24,137
- 6,510
- 21,180
-
- 8,790
- 5,432
-
- 241,773		 Transfers
for grants
spent on
capital
items
£
-
-
-
-
- 21,738
-
-
-
-
-
-
-
-
-
-
-
-
-
-
- 21,738		 Transfers
£
-
-
290
-
-
-
-
773
-
-
- 37
-
6,061
- 49
5,748
-
1,361
- 8,365
- 3,318
2,464		 Balance
at 31
December
2022
£
5,462
1,668
-
2,545
3,004
823
-
-
617
2,535
-
1,250
-
-
-
14,269
-
-
-
32,173

15

ARK T CENTRE

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

14. Movement on unrestricted funds

4. Movement on unrestricted funds
Balance at
1 January
2023
£
General funds
29,490
Designated depreciation fund
16,452
45,942
Movement on unrestricted funds 2022
Balance at
1 January
2022
Income
£
£
General funds
31,912 186,947
Designated depreciation
fund
-
-
31,912 186,947
5. Analysis of net assets between funds
Unrestricted
£
Tangible assets
1,000
Current assets
42,579
Creditors within one year
- 17,593
Net assets
25,986		 Income
£
184,957
-
184,957

Expenditure
£
- 192,191
-		 Expenditure
£
- 185,723
- 16,452
- 202,175

Transfers
for grants
spent on
capital
items
£
5,286
16,452
21,738
Total
£
1,000
95,917
- 37,593		 Transfers
£
- 2,738
-
- 2,738
Transfers
£
- 2,464
-
- 2,464		 Balance at
31
December
2023
£
25,986
-
25,986






Balance at
31
December
2022
£
29,490
16,452
- 192,191 21,738 45,942
Restricted
£
-
53,338
- 20,000
33,338		 Total
£
1,000
95,917
- 37,593
59,324

15. Analysis of net assets between funds

16

ARK T CENTRE

NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

Art Nest Donations: Art Nest was funded by the Mabs Mardulyn Charitable Trust, Rod Cooke, Tony and Judith Yarrow.

Arts Council England: Funded materials for CCL groups.

Arts in the Elements : Funded by Oxford City Council, Cultural Education Partnership.

Artswork: Funded apprentices.

Children in Need: Funded our Creativity Changes Lives programme including term time sessions and holiday activities, aiming to increase the wellbeing, resilience and leadership skills of some of the most deprived children and young people in Oxford City.

DCMS : Funded our work with young people.

Holiday Activity Fund : Funded by Oxfordshire County Council.

Lloyds Bank Foundation: Funded specialist consultants to work with Ark-T across the areas of IT, Fundraising, Communications and coaching.

Maggie Black: Funded equipment for our young people’s programmes as well as excursions to theatre and museums and installation costs for exhibitions.

Martha21 : Funded work with young people.

National Lottery/OX4 Food Crew: Funded Community Hub Days.

Oxford City Council Culture Fund : Core funds Ark-T as one of their Cultural Partners through the Big Ideas grant. They also funded us to be a part of their annual Christmas Lights Festival.

Oxford University Small Community Grant: Funded our work with young people.

Samworth Foundation: CEO salary.

Tony and Judith Yarrow: Funded the Summer Lights Festival and The Art Nest.

Topaz: Funded our work with young people.

TORCH (Oxford University): Partnered with us/funded a number of projects.

University of Reading: Funded our interns.

17