REGISTERED COMPANY IYUMBER: 03536243 (England and Wales) REGLsfERED CHARITY NUMBEIL. 1083893 (A COMPANY LIMITED BYGUARANTEE) Audited Flnanwl Stal¢m¢nts for the Year EAded 31 Marek 2024 Xeinadin Audit Limlt&l Fr￿lIn￿e House KT17 IHQ TIIEARTS DEPOT TRUST LIMITED Contsnts of the Trlnanci91 Ststem¢nts for the year ended 3] March 2024 Refeftntt And AdmlDl8tralive DetAlls Report of the Trustees Report of the l*dependeDt ANditor5 10 to 12 Cousolldatsd Staknmeat of Fi￿nCl21 Aedvltks 13 Con￿Ald￿ted Balance Shttt 14 Company Balance Sheet 15 Cash Flow Ststsment 16 Notes to the Cash Flow Stattment 17 Notés to the Flnaacial Ststements 18 to 33 for the year endtyj 31 Mardi 2024 ML H Noti¥ood MMow1￿ (ffswial 16J.23) Ms K Clwa Cllr S MSAT Cl]rG ]mioceAti (re￿￿d 8.12.23) S fv&￿ta M5 N Shab (￿518￿￿ 16.5.23) M5 S Trete S Wolfe Pmfes*)T ANaqYi (app)iatrd 26.2 24) Ms K Addy (4yiintsl 19.12.23) Ms S Amitti (awoillled 19.12.23) MA Contadi (atFointed 19.12.23) NR G Hitth OBE (appointrd 19.12.23) Ms AMoThis (*pFwtrd 19.12.23) 5 Netlkr Si￿et North FinobEey Lon(f* N12 QGA 03536243 (ETW And Wales) 108389) 4UMBER AiJDTIORS Xeiuathn Au(St Limitsd 4648 East Street Sutrey KT17 IHQ Page I THE ART3DEP(yr TRUST LJMITED fftEGISTERElI MJMBEK. 035362￿) Reprt of the T￿￿te for tht year ended 31 Pknyh 2024 The Tr• who areaIso of the eknTity for thepllrp￿ of the cOrnrA￿ Act 2006. prcseni theirrepDrt with the finaaoial state[t￿nts of tbe charity for the year ended 31 2024. The TDJStees bave adoptgd th¢ PtOViSLOllS of Acco￿1￿8 and Re￿rti￿ by Clwlties.. slaterae￿ of Re0ou￿Trdea Praotice applicable to ¢Jwities pr¢s)aring their acoounts in accordaa¢e wtth the Financial Reporttn8 Standard applicable in the UK and RBpublAc of Ireland IFRS 102) (effr4tive l January 2019). ITr $baping our obiectives for the year aDI plarning our activiti￿ tkn Tn]slees have CODs1¢k￿d The Ch&tity cOq￿a￿S1on'S8uyknae on [￿b]I¢ Etttefit. includ￿g the guida￿ °public t￿￿fil. ruT￿l￿g 8 c]wity ￿B2}.. art&4¢Fth is a ¢reative home for evervone. with a ye8r.TOUDd pro•.. tbe Ixst ID art5 and family t￿￿Orn￿l04 arts p8rtiCiFQtioo cultural thtion aRxl outreach work for its coniByirity aDd the arts sector. mission is to rea¢h family ill Barn& with a mtive arts ex1￿1￿ by 2027. art￿t tomrlltted to providll￿ scr¥iea r(K Ihe residents of the kn)ndon BOT0￿ of BarneL and beyo spwficdlty withn] r￿ighbo￿)n8 c(rnwiities in BrenL Ilaringey. Canth and Enficld Thes¢ ￿SId¢ll￿ Grntly k"e up the ¢ore users of art5dep)t thro￿ ￿ten(bo8 5thornww. ¢]&qse4 cours84 workshops and new opportlnities forparticI￿ao artsdew)t is home to LoFxlon St￿10 Certr. a ptrfonniJJg arts higher eth￿4110￿ PD)*ider and houses 20 cIasses and COUTses e&¢b week. Ckn- two theatres Sl￿W the be5L of music. con*. donce. plays $￿kE￿ wonl We have a ryderan8e of PArticip3tion adivities includillg ousite MatIlleeLun¢bclu￿ a wider8nge of festivaL8in OUtbuildti]g airrendy 8rtséeEot is the rn&in arts offerwithin Barnet atLdthe b)roW"s outy E￿o[Man¢e vettuelhatis oN8tional Porfolio Glient of Arts c￿￿¢1] Eothxi We have a thrivin8 &rtist a￿elOpMent Fogramry)e. We also provide a venue for p&fornaR¢e for Bamet Sclk)oLg fvtusic and Eènce Fe5tival4 Coram Shakespeare Sclujols, National Theatre CollA￿tiOnS ond other ￿£0mlIn8 school Afoundermgmber ofFutUTeAJts Centre& artgdewt OftenW￿rks in ¢o]]aErf)ralioDWith other ans centre5 to ￿3e￿Ch and SUPFQrt them to 8cteèS partj￿hIpy a￿1 fuTh11￿. 2023r2024 ivas a ye4r wkn tr￿le¢S aad sl2ff re)￿*￿1 artslepit's pw and 8%xls aThl b) d¢ll￿11]S oaour wi52on tlrough our 3 slTaiegi¢ oEie¢tive5: 4rLqdwt as a deAination artsdewt as an #rts le￿er We c4)atiDue to navEak thro￿1 th¢ ¢halleL8es of lll8b itrtlauon and ]n¢￿ Cost of wTrllch haTrt had an nvt onty onknw ￿ fi]rKtion ititertialty but alw in bow we suptK>rt the wid¥ Gomillunity aTrl the users of A rreativ¢home for everyone achie14￿ siguificant inwxt over this wi(xL Thal n¢l¥M*d welcozlli¥ 162.4Xk) Visits to otsrvenue irKludill8 l?.(W chlldrenandyou￿ pu)ple tskin8 Fffjrt it> 8nd ￿fr>rnw￿t opprtunities: and ￿ tea(ai&l 1.50Q We belie7•e orgoni&tious suckn as atTsdept a￿ rr&)re vitsl than ever (ILrmg thes2 di￿￿￿1¢ tim￿ aDd Ht Ere woud of all we knr Rchirt'ed n the veas illGIuth￿ fTre facihtiss and evenw SUFWrt for art￿ls. ourwoTk ￿PIe of ll 48¢5 ¥od b3¢ksriiwids, Ioc81 p•. ourothcated and ¢DI)tnitted leam Page 2 TKE LRTS DEP(yr TRUST LlTrllT£D IREGISTERED NUMBEIL. 03536243) Rew•rt of th¢TrusteeJ for the vear ended 31 March 2024 K2v in? 15 ONEf the 5 10 ticketed wEoutMi¢¢s iti our tkntr¢s - 83W6 tiL*ets ￿ld 200&F attenthnces at 4 fr£e f¢stival evellts i￿lUd￿8 Book Buzz aud Blain FRw£e at ertsthFoI FUD Palaccs t Colin&le coramuDitiesTrU￿ and Summer Solstice in West Hendon 14 free exbibittons 82 p&tripgnts ou tv￿ Induskve theatrE) SLUtunw Cauys . 29 ort free platts 8 y4xtt)gFeople learni￿0 dis&bilitie8 took Fért w a orative careers learDiog progr￿ followd by Work placemerds We 8ave 448 free or subsithsed tickets our Ac¢e8s Fund 12.(¥X) ¢bildten arylyourg t￿k in Lveative leamin8 8DIFrform8nce at artglep)t. We have mede steady PTO8ress in rAeetm8 our 84)aFs to FKcom¢ a more sustsiTJable or8auisatii)rL Action to re￿￿e ener8y wag¢ a¢r035 the buildffi8 has led to a 5Yg d¢Gr￿￿ in our year￿ll.yeaT emissions and wmpated to pIe- T¥l¢mic leve]s iD 2018119. have r￿lle*d elnissi￿bY 115%. We have Parts￿Ed with loral 0sgan3sations to a bee friendly buzz stop ard owcaf¢ ])as t*en able kn &Yceed our tsrgct of 25%pl8nt.basedmeals overthe yeat. > artsdepot as a destin￿lOn Progrlmmkg Hwlithts As the fiagship phcE for ¢uJtUTe inB2rncL our WIde￿I￿ pmgTanrAe had s0m¢thll￿ for ewou¢ in most artfonus. Hudiences Favourites such as 'We'Te soing on 2 Bear Hut]t' ThEre join¢d by 'Zog end the Flying Lhctorn. alongsith th¢ iD¥ne[si￿ se]tsw cpern thow'under fhe Little Red Moon. forhbie5 and thcir c8rn. affulv dicnLL OJI Sunday show prO￿n￿e comt0￿1 to excite and ddigltL ￿1th storyt¢]hn& M￿l¢a￿l f]8nG4 iDcludin8 ]￿k Coty and the MUSe￿A of M8rvellous Thin85. W¢ beBall our modernday classics pro8tam]ne wxth'Abwil's Party. And'CtA Wbai a Lovety War.. Our o(anedy offer contin￿1 to flouriJh with Ed Bakntynde Aleshe e#dLuGy Beauoxxit atcKsJwlllwry. D￿￿e frorn Russell Maliplwtt 0]￿ FlaLDeLCC adtsj to our ￿￿de.18a￿ off￿. We WBIGomEd Frozen Light back to aTtsdyt with thcirlatst show'The Bor 8t the Edge of Tio)e' crea1edespw￿ for YO￿ adults with Fyotout atl¢nded by 24 young people and tbeit parenigcare Calle 'All'fhe Wornpa We CouldHaie Been. vjas Èn exbll )ition (zeatedby IN/WtsJlyk Disabled Women'sN8tional Art Coll￿ti￿. a 8roup of le&d[￿ts disabledw)mell artists agea 50- p￿sented in m530ciation with ARC Stockton. the £AhJ)itaon explores wlwl lif¢ roigbthave iwi like foroisalAed I￿]￿¥￿Tr￿dext￿ll￿I littsilalionsnot teexj inplace. FEsbve OffeT ow oa our main stsg4 'Wlwe's W Hat, 8fjd'Wing Scuffle SF¢Tr¢ular" by" Re￿￿1 Puck Circus in Victori& P￿k. ￿'¢r 13.IKKI wple c&ne ts> see olle of the 5hoiv3 in Ihe trJildll¥ and48t)A of audico¢es forRevel14]ck Report •f theTrnstffs for the year ended 31 TrIareh 2024 Access Fund ThrouJ dmatioDs fTi>m our sup}W￿ 2)) free lick* 191 subsid3￿ ti¢kets. and l(X) fr¢E festive s with f￿1 and 8&￿￿3.. distnbLki(xJ pirtDW5 includEd.Ni)Jh's Ark ￿lId[￿'S Hospic4 Hornestart Bornc( SolakW WomEll 5 AMI. Rays or.gunth1￿ *¥)d Litilous crai￿¥￿¥. Thejoy andwarpnih thesegifv br￿g￿ ¢hrin8 Ihe holidry Hyre iRwJeaF¥Tabk. SllPPOrthas nDI ontypro¥ydedp￿￿rIuZ ¢omlort but also sgffl o mgjsusr ofctre u2dJoliduv'tty to the JrJwc¢ ¢cvniKHnity. again, vwfvwuTcompassi£¥i I4￿10T beffls u beacon oJh¢yfv. th03e in neL¥I. ' fr•rrdu Siutyukzai- OperalionsMtTpwger, NewC'ili2ens Gotsi Int￿S1¥t SuDllner Cwp This ygar deliTrtTed iwo ]nBl￿$1ve cary OYLY4 wedts ivith 36 prticiF4nts workifjB Iv]vards a remew ¥tyle Studio I perfoTnJW. BDd 46 prLsErW High School m￿)cal Peul]aDd'fhMtre. 29 reeeivul frep plJcEs. 15 Iwd UCCb>S SUP5VtI a￿1 all 82 ￿K]Ved a free Jell¥ rA)DL￿ luDclL '] reullygolo Iw.¢. IhmT hyen ￿ ht¥>%p )poiiin£forospecialschoolfvr ayEoryx)w arnllTeolli' 1j0wdTr￿e1lfvS 0lherehild￿￿fh￿￿1Hg oshfrfriwJd¥fvJJJ kJDTe. lfrli like Jcouuachiew anyilung when Z SI￿&￿dI wAf TealfychWffeL1￿ M¥ed the VUASICI iwdel, Parti¢w￿l R(gI￿al skowusÈ vellue- Nativ1￿1 Theatre Co)meetiDnJ Fe%¢ival 2023 we hosted 10 14(>Tth l.¢Jthn youth theatre c(￿lp￿n) ￿}d￿riX￿￿ welcornirg grDuFS Includi￿ StKaGBns Hibih ￿.h￿l. Stroilord SelM)ol Ar4iJLryYN. (3m Fli/8lthCJirls SL.hool. High 8Ghool. MCHS Theatre (rnup. KIng￿0rd l)rErn&.Qrt1xTr¥s. JCOSS A¢4ulrmy, CiTr of AraduLry STh(brdilch Pae& and art5depot's O*TJ Young cvmplll￿'. i also the re￿1¥47 on kn.hi11￿ fvQTk pla¥￿¥￿1$- one of vA￿M bas now joitia our leaThL Comm￿sty enygcM￿I (X"eT our In¢l.tsion mcl rN)oihly. rth'iewir,s Pro￿5$ Og•tisi u nui8E of oij'e¢tive5 1le5i8Ded to £n5urE ￿￿&4)bk r&rnillneJfi aThl thai OUT ¢reatiiE artisti¢ proBrn￿ und ¢vents Nvere achiD8 th¢broa&st tangB of people p)ssknle. A¢tiviti¢3 inclu￿. ir.id¥S I We wll41)£xYtd wiik Inc[￿lOn Bam¢l io pts¢nt"hknia' [￿[om￿abY 7 Uktainian 8c*oTS ba&d inthe UK. The play Explored the Holodomo¥ 8elloGide mili(¥Js ofukraittian wjple dig1 (19i2- 1933) as ar¢3uIt ot In recognitiL￿ Ibal hv¢ btrn th.c cOr]m￿Y tti foi Jr*crnl y¢arg: arisdL'ry)I FTgyrntL* o TIM￿la Day fejtiial ou Juur 25ih 2023. Th¢mtni W&4 ¢ufD'Rd iw a fwffi¢r Cu]Unl AttachL) ofthe Er.1￿￿ of Iti d]e l * and iDrlTJdEd ) i)f # Uk7aiDAUtt theatre slwi¥ 'RapTI Ax4ya'lii'?Iru J Rqxirt ￿ Loi*', r￿d aalis prolilaH8 s￿¢?￿421￿3 and C￿11 a￿bOok stslls. ￿Try readin88 oud 17) &IlaJd￿¢5 ￿ J MattneeL¥nch events: 'Allanst andThe I.0￿ SuTh'. 'Oh ALovety W￿. aryl a Vrmter WondtA¥nd ￿]e￿i?￿ll. ftsple dtlettd io 8mUP5 b)" care wovideTS Carq St Al¥￿￿$ A¢ty&ylitx l-rients ill Need ￿ Agc UL "Tr 4hlJeryedl4'3Kh lTrYfvth*nlifvYpeopk sfj ni(tfr4e4AJYF. Thewrfonru*ce was vuJDycd bs, ePiif¥YKJMfP- The tsla310/JhvTrlonTrKn WUF erce￿lI)i￿1. *'iih shdi IV4wiJfvleDio￿Ys. Our lo all ilie siuir IdpLJY ¥owJ¥lJJw oryts3tJi)g J1￿ knx*- knth.from StAlbLW Thursday Chib. Pa8e 4 Repgrt of the Tn￿tte3 f•rtheyur ended 31 fyJoYeh 2024 artsdepot as a sedor leader Continuously seeknA8 ways to brottd￿ acC￿S to the 2rts sector. jobsand creativity. &rtthpl is at the forefront oe W0rf£Experk¥￿t WedL I SIN Work Exptrleoce & W￿￿(Plac￿l￿ 8 yovns txopk with SFeoial Educatio￿1 Neth joined us f￿a ten.week l thy ttr wreK 8row) learnin progratnme where they gained an insight iTrto roles TW4uirEd to run a Exw arts ¢eJtre. All 8 welll onto work placements at art&*p)t aad Thith t*rtners chickensb￿L Corn￿ty Focus and Prqects. Uptandljlg Cittietis h7lst oir falls preveution dance ardmOVem￿ classes faTne to an end at the Fti¢￿15 InNeed con)nwrrity centrB, we able to swurc wnliTwtion f￿dID8 from Th¢ W G FAMFra3 CknitslA¢FouDdatiou for th¢ sn)[￿ thai Arti51 Tt81dendts & 8UPPOrt pwyidiog a series of CFD ajso 5gle¢ted 8 arti* tesidthcy prOj￿ts for 511EWEt. Ad8m Lens1)n, Cra¢king Slate. Jennifer Jacksoa, MaJsood Saleb4 Meryl O'Rouke, 14iri. Off the Jackel 8nd Rachel suwort aud up to 4 weeks free spaee to test ideas. Stroud and Noles, gellernti￿ feedback to iafonn th¢ pl￿¢ ]XfO￿ it 54EAt on to ￿e1Ve raye reviews at the ftinge festival. The shoiv wss a mLwical aknut drffeTeni%. tolerance 2nd I￿￿trr. where four v￿Y differnt strangers 8¢1 3tt￿k1ll a gEudff-nculTal publi¢ tolleL Tha71k)￿￿ 30 mttchfor alljvuy assi31ance- we were lo?kEd ufter briliitmlty.. Stroud t7ndNoles '5S'ith ¢lwmmgtyfvry tyriu {"[ d take an aggres¥[￿ bTloyErJrnalltsll(') JndperfedpiFe4 Pwblic li sU￿ris1￿gty moving eyitiretyio)fyl Lyperience. l¥ if a >sElcoMe repNipA*r th￿dffr eTEllC85 arepossible m1dmir￿3 are ableio chmge • **** G¥unba artsdepot arr￿ the borough Df Barnet We de]iver¢d our anllual Fuo Pa]w festival at the CoIirbaale CoJrllnurril3es TTl￿ venue n WW9. 0￿"tr 2 PEopk tookFért in worksI￿pS aod ￿eative acts%rytrs. We also workaiD kknrsbip wiib West Ikndon Arts & Eid celekntioTr.an UTb3n T￿8 Festi￿ Pr<>m￿l￿g 5thiDaide lifwk and SunmK solsti￿ I￿1¢h attract&1 8L)O people. Aulurnn Sthoob Pn)gramme In Akn 2023, artsdwt W&￿d￿1th GeoToue Ctc, 8n iuc]usive art8 and ttthtx)logy social enteTprt5e to de]iver OUT AJtsJJrn xhools workshops and gdlery exlthition. Theprnject eD8a8ed students 8t three Jocal sehots]s lfvde & Qion Scly)o]s. and suff￿)ng from ]T*Jttal heahh challenges atNorthgate Second2ry Sdwl. The prnicct ¢xploJrd idea5 gf s￿￿taIRable landw5. coAstr￿U0n and develop]nent are e55eUtial &4)T People to bave horttes and habtlatsy¢i al>) Ik>w i¥e have an ob]isatsDn to ￿lId & woAd ttol 15 aGGe8siiAe lo all az¥lweseThes ha?￿ats for tIoTaar¥l fauaa. 'Jn eoth andevery citypeople Jho¥Hbf able lo design their howse iomcke rt WO￿ b&Fllor Yrem ixstradof doing what e￿n￿>￿e else hos." Pupil "ThiJpvjecl iyas dilernifrgm anytlu'ng the Jthdents hoddone befvre. J w faith and oth schoo]s. place artists in Tesidence in schools. ]auDch a new of wotkty foy hthne ethcated ohildren and young PeDtA¢. IklÈYery of new tXOWTttae aC￿￿tieS started inAutun]n 2023 a cO￿Ura￿l artist residency in the Pavilion FI￿11 Referral Unit at ￿lch YOUD8 tEople ThEre profvidpAI 2 range of otsions for Prnj￿ts aod selected arti8ts to enga% The fJrstaclivL'ty tom expl(red sCU]pt￿e ￿th artists EtJn]a Cole. Ros]yn hfathÉesDn and Jack Alexandroff. 6 M1¢ro￿ants ptac&l artists in schools aod ¢omtrrity y¢ttings VAth &ward8 going to IndeFetsgent Jewish E SchooL Northgate School. CrackinG Slate. St Agnes SohwL Ftrotinw DJrKe Proje¢L aDdNohJ) London Nknic Therapy. B&CY nowhas 147 atts and edwation memttrs forvknom ￿ Sta￿0￿￿￿ttlE8 try news1rt1&5 and deliver temdy CPDwoTkknp& Arts and Culthr¢N¢thork Recognising thc p)WEr of peer support end netwo￿1￿ art&le￿¥tha5 e5tablishgd an Art8 ond Culture network to bJild the gectoi io Barrt With over 120 creatives working acrnss all art[Onr￿ s¥t 8b8re fijndraising souwes and tornew on a rnontbly basis to irKrwe wacity. learnll)gAnd career rthays for tI￿se working OT volunte￿Ills KJ the ¢reati&t se¢tor. We were delighted to I￿St a skills Swn]llEt Camppresented by Bart FAucation ArL8 TnL8t. We ￿80 bosted two Black History Month events: Ibe fllst S￿8 a ￿JaI event or8auis&a by tbe African ar C￿]bbCall (athUr￿ Sgciety of Barnet in our Creation Space. and d3e sewnd wa3 8 Show in our sti￿10 Theatre p￿scutEd by 3USt IN CamiN7lArts & Culiur¢ CIC. We ￿t]Con￿d 8 GOItimiiniiy evettipR£ented by BotrA¢t Asian Women's Asswiation aud fftre ddi8hted kn lykn an exhibition from Finchie¥ Art Society. Oyer the year we welcomed more th8n 6.(X)O ehildrenAnd Wr￿n1D8 atBarn¢t s￿￿]3 Musio and IknGe Festiva￿ and the sh8kespea￿ SclMx>ls Fe￿Il,a1. (fver Juty bo5*d the CO]nn￿li. Focus S￿n￿￿ Exhibition inclLdiDg di￿1 art1￿%￿4 collage, ￿UlPt￿¢, paintings and jewellery Art inspÈrEd by th¢ Kffjs's C{)ro￿l0￿. 8t￿ Euro%ision Song Cont£st Developjnent & kndraising OYLT the year we receiveda wt fro)]] the Backstsge Trust enatAingus io TtseaTch our datalxse. identifyin8 353 ivorth llthiduals. We have FKgun reaclungout ro these p&Jple 2nd 14ill seek to ￿￿1]d tel&tion8hips. espE¢i?lly as we will laun(& a capitsl c8n3tHi8u On￿ 8 lease is aFfwv& Pjnticipata 2024. A wllficaDt legacy 8th of £113.645 w rett4ved ia the year fro￿ the e*ate of the late M&iorie Susan Yonoser. T]Jis b¢lped to aobieve unp￿c￿lED￿ to funthaasi￿ inc0￿e tots11￿ £339.054 secured a8ain%t the Cw tbe yeartye seQU￿a a rAun&T of sEllall 8rwts for engagemellt aGtivitie8 b)th in the venue aTrq in the community, which Iw tewl*AI in w being to a 2nd n8e appliixtion k) tbe Esmee Faub Fouodatioty If ayTrded, this • will wovxde ￿ opsx)rtj￿ty for us to iti of the EKJfouEb's most di&th8nlagKI wrllllunilias. E¥iDgiDg ozpaoty bUild￿Jg ￿ seed fulld1￿ ill supp)rtof the ambiiioll5 of local treatives inthDSC ￿eas. Man¥ Io OFRr2000 patrjw Ivbo supported throD%h tielo*llig doJ¥llDns aud Inember&hlps inc]uding rtsdepbt As5Dctstes and AdTrocal¢ SupporteT5'. Jeanelte AdaK Johnathan Bee5t0￿ Joan FogeL Rolanda Page 6 Repfrrl olthg Truytees for th¢ yeAr en11￿ 31 m￿Ch 2024 We y4f¢ ALSO very gndteful to the followlng wpporttrs Arts Council England The Backslase Trnst The Ckildhood Trust City BTidg¢ Foundatig11 The D"'Oyly Carte Charltsble T¥[￿ F¥a￿lS Wntham Fowidation Tr Foyk Foundation Garfield We8tDn Foundation jes￿ H￿pital C7wity J1)1￿ HonmDan's ￿lIalen"S Tr John Lyon's CE￿ity The Jikni ThawFoundation Lon&)n Borougb of Bamet London Ai¢hi*¢turE Fe￿]val Metropojitsn & Thames Valley Housing The N&tionL' Lottery CoMm￿lty Fund OY¢ Fout)datiou Peniland Bran&PI¢ Red Hill Tn￿ The Sobu Foundation Scop5 Artg Tntst &>uter ClwiL%ble Trust Tr Th￿￿e Trnst Waitr08e Comrauoity kn W G &knds C]witable Foundatiou At the end of Mwch 2024 tkn was wunt&*ieled deficit forthe year of £84.167 (2023.. £267.749 deficit). As part of the pla0r￿ recovery fyom Cov1￿ this year was the final year of deficAt a￿a by trllstees. Desigllated funds and re￿rv￿ have i*enuts]ised to BDswe arfsdep)t Conti￿ th provide a t8n8e of aclivities The main f)naDGial d￿llenge$ thTOU8bout the year were higb InfiatiO￿ volatle prices and tbe ODgoing cost of Iiviti8 ¢￿ts. These Continue lo Ix coffanon cha]kn8es for OUT peers witbiAthe th8 sector. Muchthou8bt and some difficult deci3ions have 80tt iOtO PTeseatin8 to trustees o dose to frAIBn¢ed knmlget for thp year. At the end of March 2024 atsLkpot hd three typss of fonds: UllTe5trirt£d 2nd fijnds of £122fi36 Q023.. £272.08?) "'Desi8t)ated fi3nds towards v£nu¢ ix]sll￿￿ developilleiiL £222.744 (2023.. £212.744) Restticted funds towaTd8 Ans thion aTrJ PartiCiF4tion and Artistic DeveloFwnt £181.024 (?023: £125,745) Rtberve8 poJi¢y Trustees. reserves p)licy aitfjs to JJJainkn a EA]anced rm?￿j￿ *aTrAlity with iDveSttt￿llI ill Op&￿ItieS t(> Iljrther artsdeEM)t's rtiixsio artsd¢￿t aims kn b)Ji]d and nthintain free and desk8aated UDr￿trICtEdT¢￿erVes equivalent to at least 10 weeks operntin8 eosts (e.£41X).OL¥I) to provide some prntectioD ag￿nstI05SES due to reductions iu kej. inoome sowc adapt to Ch￿F4 meet V+vTking ¢8¥*tai requlreft￿ts. t[￿b]e artislic and capital investrnent. Free and d&8i8TJatedunYestrictedreSEDW 2t the end 0fma￿h 2024 NtrE £183 J14 (2023: £400.368). Unrestrided and ua&5i8nat￿l reserves at the of Ma￿h 2024 £122.636 (2023.. £272.082) (kn0ber 2024 i8 artsdeFrt)t's 2￿ arffjivetw. We uqll mazk the owaston a new of ro. coInIti1￿lorJing and haveparttxrna wthHow it Ended for out in witileT 2024. ￿ will SUPFQrt 81umni of rcsÉdgncy Frowail￿ WtbiD a 'Mqde wilh art5d¢pot' strund WILF￿ we rew8ais¢ there is a <)Jrfoeus ￿ltInUeS to be OD providing higb wah'ty AJts]oEativE at a reasoJJabk cost our all 0oThmuniti￿ th&t owmuiu art folm offFr ¢ontiULW in the buildi7Jg and Ewond. We will to bjild upw owadult offeT, eelebrating diverse mllsic. theatr. 8nd co[￿aY. as w¢ll as lookn for exeitmg andnewways to en8a8e a4jdiell￿ of all ages 2nd iwCk￿Ullds. K2y to cJsurirg our loDwity and fuDJTe success svill be 8e¢win8 trL s)ngoiDg le4se Nthich will enable ￿ to access capitsl FundiD8 and increase our enviroTM￿1 S￿￿1￿>bilIty.. The buildi08 ¥uveslmellt to 8mi4.' the OpP)rti￿ltles for a￿lenCeS ￿ kWticip8￿ for the fOre￿ab￿ Pagr 7 Report of theTrllstttB for tke Ve4T endtd 31 Mareh 2024 Over the next three ye8T8. 8rtsdewJt aims to iwease its Tf8cb to half the wpulation of Bornd Ihrouts a combmatson of greatu audiellcos and offets withinthe knldm8 al￿ furtber offsite activitses in Pa￿ershiP with org8nisatsoTh8 aoTQS8 the Borwgb. We will WOTk with all involved to devebp a pknettmkiug approach vthich includes tho ability to sknw work outside as well as ittside our venue. We continue to focLg ott workitig u4th our artisiic and sellool coll]muJiEies both tbrou8h B&CY and the Arts and Colkn ndwork to build the seBtoi in Should fiuythn8 alli)w we ￿71 to FYodu¢e ard cwo(bJ¢¢ our OV￿ wth* fot touting We re]Th8in collullitted to Exp&￿1￿ the workforrK iti tknaTts b)" provithTg work experience for disabledyo p¢ople 8T￿ paztsoip81ingin programmes to diveTsity and itL¢IwioL (kn arlist developts￿t Fro8[￿ will suroort at le4st 8 arfi5ts (Y ¢omtAnies eaGh Ye￿ with y¢¢ &ts] a SU￿1? bw3ary. We s¢eku]8 to facilitate artists to workoffsitE with cOnmv￿eS if thisls Dxye apwpriate for their proJeoL 3vlLi]st they still retsin a￿*s8 lo the n*Dtoi3n8 at artsdyt divmity %Qdino]￿ltsn pkn ￿1[ inctuingty tefknt comttYJDities in our knrough Ilrougb our rkfDrce al￿the offer to c1)rn￿U￿111es 8tyJ ensure WB ate a¢¢es51>leto all b)tb our otisite and offsite progr8n]mes. The Ats iWt Tn]stLimitcd is governed by MemmrdutD and Anicles of AssoGiation on 27 lthrch 1998 2nd aTi*nd¢d by Special r¢soknti0ti8 da￿1 21 septh￿ 2000. 2) July 2(M)1. 29 Juty 2(K14 83)d 22 Septem 2008. Tn￿EeS aJE also Ihe d7￿ctOrs andmemkn of The ArtsDW TTUSt Limit*l The Board of Trusteesurt ftyjr times a year and is CUTrentty comFos&l of 15 m¢mEws wilh expwience ond ski]Is iii arrs managemen( fmao¢< kn-elopmenL HIL mfomwtion tsokmology. legol. managcment consultancy. marketin8 aTxI PR Tru*e£5 also SUPFX)rt p)licy d￿lop￿t￿liA37$1st1C. comft￿ty access anddevelowDenta¢tivitiesoll a wn5ultstsve Ncw tn&ees aT¢ apwinttyl ￿7th r*feTrN-e lo the eXperi¢[￿e ¥nd dii"errity' of The Board at the t3me. A cLYDbinalion of intt¥Dal aTrl extemal ne￿￿5 are used iu ￿[ULting new" tnJ*ees. may m up to two con3ecutiye thIetry￿ tetrns. All z)ew Itustaes full irNJ}￿1100 whiob art&kEK)t'$ gove￿nCe iwludin8 In￿le¢ rok and SP)Asibilities' finanrral Frt3sition: fi￿(￿n8 organi￿110n3l strath and peTh>Dnel' stsat¢8iG plaus. The Chief Executive is reswlsibb foT the sti*egi¢ aAd day to day I￿￿8¢￿ of aTWt jac1￿]￿8 the collta of the ￿l$ti¢ wo8ram￿ and ts Sllpw￿ ty 8 man8gen3rnt team whicb includes a DiT￿tor of ProgrAThuning, t*velopment Dy-ector. HeadofF4nan¢e ard Head of Q)WLons. The Bharity has 2 wlx)llj oJ¥ned sUb&di￿. Arts DerA)t ProduGlions Lrllite4 w.hi¢h was estsbli5hed in Cktober 2004. Its wincipal acti￿]UeS are the Pro￿lS1on of artistic and other ￿tIlltieS. Its results bave beea consolidated in rhese a¢counls. Page 8 THE ARTS DEPOT TrUST LIMllTD (REGigfERKD NUMBEIL. IJ3536243) Repr*rt of th¢TrnsteeJ for theyearended 31 March 2024 The trustees bave adutyto i¢W andTeviewthe risk5 to ￿l¢￿the Cl￿rIty is exFo%d 8ndto ensure &pprowi8t¢ Gontro]s atc inplac¢ to pJoYide agai￿t fraud atd e￿Or. STATEM￿ OF TRUSTEES, RFspof&8iBILfTILS The trth5 (whoare also the directots of The Artstkpot Tr1￿ Limited for the puwsesof tompan> law) a￿ respoltsible for prep￿Ing the Re￿rt of T￿￿tee5 8nd the fJ' ]ancial Slknrtkrnts ID ar￿[da￿e Thith appJw2bl¢ law and United Ksngdom Accounting StarEdart8 (Urllted Kitigdom Gexjerally Accepted kn￿3￿ting Pr￿11¢¥). of the state of affairsof the ctArit&ble comFW of tbe incL)[Di￿ res0￿ceS 8nd &pplic*tion of Ta8oijf￿5. the . seleGt suitsble accountin8 plicies 8ndtr*n *y themco￿L￿tenlty. . okn th¢ ￿thOdS and prin¢iples inthe Charity SORP, . make judgements 8ndestimates that are reasonable The IT￿S are resFoosible for keeping acc(KmtiDg Teccrds wbith d￿ClOSe with reasonable accwacy at ally tin the fu￿￿la1 Fositton of the ch￿l￿ble aod to el￿ble them to ensurc that the fjrAncial ststements comply W￿h. the Comp8nies Act 2006. They are also res￿￿1b￿ for safe8uarding the assets of the cI￿Ltable compally and for thrre is no relevant a￿￿11 itrforjuatiou of whi¢h the Gknitsble ￿)u￿r￿.s a)Jif?tOTS unawarr. and . IhE In￿¢5 have t8ken all ste￿% that they Oll￿t to have loken to make themselves aware of aay relevatst audit itif0rnJat1￿ and to establ￿1 that the audit4x3 aware of that iDfotmatio The auditors. Xeitiadin AuditLimit¢il bewoposed foTTrQFP)intinott at the fotihc(unin8 Arnwal Genml MeetiD8. Appmved by order of the Ex)￿d of Itwtee3on..-..... ........ .... ................. and81￿1 on its beha]f by: Phge 9 Report of the Indeptndffjt Auditfjr5 to the Members •f The Arts Depot Trust Limited (Regi#￿￿￿￿thpr. 113536243) Opknion We have audiied the f]tsinci815taterifflts of The Arls Depot Tn￿ Limited {Ihe'chariubl¢ comp8w) for the year ended 31 Mot¢h 2024 whi¢h wmpri8e the Statement of Fla8￿1￿) Activiti4 the Bg1on¢e Sheel. the Casb Flow Ststernent and notes to the financi￿ statements. ]￿h￿ing a sumw of signtfJ¢ant accounting tKsLioies. The financial report framowoTkth&thÈs beenaFplied lntheirvepa￿lf0tils4p￿IIc￿ble laTh and Unit¢dKingdomAcco￿l1tiS Standards (United K1llgd0￿ Generally AoceptedA¢wUllti￿l)￿ctlce). lo our opinion the financial ststew*nts.' give a true aTJd fair vieTr of the ￿ate of the clfftthle ¢ortwS af&irs as at 31 lknh 2024 8nd of its incomi T¢y)ur￿S and application of r£souwes. irKI￿108 ifs inwm¢ ar￿ exFndim for th¢ Y￿ th¢n eLde(L . have pn)perty pr¢F￿rediti accK*rdance wtih UtJitEd Kiti8dom Gen￿allY Accepted A￿(￿￿tingFr&0tIeg. and . have been prepA￿d iu Ivith wirwts of the Comwllcs Alrt 2CKI6. B*sii for oplnknn We wnduoted our audit in aCe￿a&ACe with International Standatth on Auditsrg Iiw (ISA8 (UK)) and appli¢able law. Te3F<>nsibilities under tIK)￿ staud&ftis aTt firther desLTiIth in the Audit￿5, TWODsibilities for the audit of th? fmanttial st2ten¥nts seclion of our retx>rL We are ]nde￿dellt of the thaTitsblt IZL accordante widL the etbical requireo]ents tbat relevant lo ow audit of tbe fiD$￿I&l stsieD)eDts in the UL ￿￿]Uding the FRC'S Ethical Slandar41 aad wc hav¢ fu]filled ourothgr ¢thiGal Te8FK)nsibaities ID accoréance with these ￿qu)re￿tS. W¢ beIi¢v¢ thgt th¢ audit tvidenoe wfj have obtsitLed is sufficient and appropri&e to Fyovide a tosis for our opinio CondusloR8 rdatkng to concern la a￿31t1￿ the fmancial statrments. have CO￿luded tFLat the trustees. use of the going concern basis of acco￿ting in that. indivithjally QT collectivety. may cast ggDifiGaol doubt on the C}￿11t￿le company's ability to cont￿Ue as a going Qoncem tor a of at least twelve months from v4ben tbe fi￿]81 stsÈm¢3)ts Bze authorised tor 183 Ouv sess>onsibilities and the TesEK)nsiThilities of the kn]stres wilh respect Io 8oin8 ￿ncern are d¢scnknl in the relevant tif)ns of this reprt Other iDfi)Trn41¥)n The.trustees are responsible for tbe other infoTmBtioTh The other infom)ation Corn￿￿ the snfonnalion inclwled in the Aunual ReporL th8n the fjn9nttl￿ ststerne]Jts aod our Report of the S]IdeFEnthr Auditors theteon. Our opinionon the finenoiai ststements does not covwthe other inton]utioa exceptkn the eKthtoth¢twise expliGitty In Gonttction with our audit ofthe fmanci￿ ststen)ents. our respon&l)ility is to read the other inforn]ation an￿ in doing so consider whethgr the other Infom￿710ll 18 ma￿la1￿ inconsistent the ruw￿18] staiemenls or our knowled8e obtaiDed in the audit ￿ othernu5e ￿p￿arS tg be tuat￿)&1￿ misststed. If we i&Dtfy swh n)ateTi81 incowiwcies or apparml rnalerial misstatements. are requir￿ to de*rn)ine wbether this gives iise to a n￿terIal rnisslateuwnt in the fuwucial staten*Jrts tbemSelV￿ if, based on the 74vrk we have ￿f(￿A)e& we conclude that I1￿e is a material misslatement of this other infonnation. ￿ are Tequrryj to thai fact We ha￿e nothitig to ryrt in this regard. Oplnlons Dn other Jnatters prtstrw bv Ihe Companks Act 201 Iu £w opriiofy bBsEd oa the ueok undethin the cou￿E oFib¢ atyjit". . the infornJtiougiv¢nintheRep)rtoftheTnJstees r4)rd*fin￿¢￿Ve0TrQr￿￿lChthe Stalett￿tsa￿prcFored is consisl¢nt with tbe fman¢ial *thnents' and . the Rep)rt of the TriLgtets bas been [ffep￿ed in al£￿d￿ with applicatde legal ￿qUIT¢ll￿r8. Pagelo Report of the kndepffidwtAuditors to the Memberj Of Tht Arts Depot Tn￿t Lrniited (REpternl nunther 03536243) Matten on iyhi¢h Ive are wuired to ttport by exceptwin lrythe li8bt of the knowlojge aThl und¢r#allding of the charitable compw a￿1 its enviroment 4>btsuwl illthe course of the aulit. we have not identifjed niaterial LlJiSStalernents in the Report of the Tr￿￿tees. We have nothillg to report inte8￿t of the following D￿tt￿S VA￿¢ thecompa￿¢S Act 20(hS Tequites w lo report to you if. in our opinion: . adequafr ￿cOuntIng[cc0[dsb&VC llot beenk4)t or adelwate forowaudit hAve nOtbeenr￿eiVedfromkn￿thes ot visital by us. or . fmanoial strten*nts aTe not iti ayeement witb the ar￿￿tIllg and or . ¢ertain di8¢108ur¢s of tr￿tr. rEmutLerati<>n sI￿]fied by knw are not mwje. or . we have not received all the infornthtion expla￿tionS we Tquirc for our or . the I￿￿eeS were not entiJed to take Advantw of the small &)￿F￿les ¢x¢aWi￿ frtxn the requirrnt to prep8re a Strate￿G Report or inp￿￿11￿8 the ReS￿rt of the Tnts. Rewnsjbllitits of tnFst¢es As explained more fully in thB StstE[￿¢￿t ofTrusteeg Resp￿￿1]1￿e￿ the truste￿ {who atr the directors Lif the ¢haritabl¢ ¢otELWLy for thc purFos¢sof company law) aTV rwJoDsibk for thc p￿￿￿10n of the f￿￿￿la1 statements for i￿lJ8 satsfied that tbey gtve a trne arya fAir view. and for sueh interna] wntrol as the trusteeg &iermitie ig necessary to enable the preparation of r]nancial $￿ternents that are free from n)alerI￿ ￿l￿teD1￿ wbether ikne to fraudor etror. tn pY6paringthefinanciaI statements. thetnLStees areYespo]]siNe foTasscssiti8thecbaritsbkcoJLFW'S abilty to continue a3 a going di3¢1051￿ as applicabk. matters ￿lated to going GOnGern and using the goin8 concern basis of aC(o￿tIng Ur￿85 the tru8teesth intendto liquidate the c]llritabk Comp￿ or to ceaat operatiotts. or have no realistic alternative but to do £0. Pa8ell lieport of the JndepeJ)dent ADdltL)Th to the Memben of The Depot Trnsl Limited (RegisleTed number. O3W243) Our wpondlAli*les for the audlt of the statett￿nts Our objectives ￿et0 obtsia reasoDable a&%utatte aboutwhetherthe fin8n¢ial statements as a Thhole are free from rn8t¢rial misstat￿{ whether due to fraud or exror. and to iS8ue 8 Report of the lLdeF¢ntht Audiknrs that Includes our opiniti Reasonabl8 assurance is a hi8b level of assvraDC¢. but is not 3 8iwath that auaudit ronducted inaocoidaace ISAS (UK) will ah￿yS dekct a n)a*￿i8] ￿lS3(at￿ne￿I vvhen it exists. fvfjS5tatem￿ts can ￿]Se from fr&vJ or and are coll8￿red raaterial if. indithJall>' or in the awegate. they could ￿aSOnablY ￿ exrrtted to intluence the economic decisiDllS of users taken on the basis of these Fthancial statemeT The extent to vhjioh are ¢• of (k*ctingitte8uI￿ll1c￿ including fi&L¥I ￿ detsiled bEIow. . Identify and assess the iisk of ll*trriRI mi&knent of the financial whether due to frgud or ettor. design and p￿0￿1 audtt ly0¢ed￿ respoll8iVe to those risk& and oknaiu awlti evidEoce that 15 SUtTicient and appropriate lo pro￿]de a basis for Our <>PinÈOJL The risk of not detrLbi¥ a aMteTial miss{ateD￿l regJltm8 from is high￿ than for oneTe¥ultingfrom erroT. as frA￿l￿1a¥ inw)IvecoUwioD, fow. ittteational owi¥siin¥.misIetSe￿￿￿tIDns OTthe overri& of intttmal coJth]. . Obtsin an under* ofinten>l control rekvllnt to Ihe autht ia ordw to dcsign auditpmcedurES tkot are aP￿0prIate in the circumstss. but not for the pwposes of exwc55iJ)8 an opini(m on lh¢ eEfeGtiven¢ss of the mpauy's illtunai control disclosures made by the dire&ors. evidellce obtaiae(L whether a material uncertainty exists rela￿1 to event or ￿ndItiOnS may cast significant doubt on the U)m￿Y'S abilty to continue AS a goingconcern. If we concludc Ihatauwtsial Un￿mInty ¢xists, we to draw attention in our auditrjrs TeFQrt to tbe related dI￿10$￿[e in the tinati￿1 statements or. if such diKlosures are ill&dequate t9 ULodify 0￿r opillsou. OLT conclusions are b3gd4)Dthe a￿lIt evidertceobtsined up to the date of out auditorfs r¢FQrt. However. ￿t￿re events or Conditions njay cause th¢ eoaw to ceaseto Conti￿ as a goirsg concern. . Eval￿1£ the overall presentstio￿ strlkn and ¢ontenl of the financial statemellt4 inclu(tin8 the Oiydosures. and whether the financial staiem¢nts repr¢s¢nt tThe utthrlying trAW¢tiolls aDd events in a rnar1￿ that achieves fair Presentation. A fi]rthtrdesttiption of ourre8p)nsibllities for the a￿111 of & fuwicial ststern￿ts is located on the Finwi¢ial ReEX)itins Cowici]'svth6ite atwww.frc.<)ry¥k12uditoryn&l)iliues. Thisdwtyion fomLSPllrtofour Reportof theIlld¢wtht Auditor& Use of our rwlrt This ￿pxt is m8& ￿]elY to the cbaTitabie co*s ztKntCT4 as a in ac£ordaw with Chapter 3 of Part 16 of the Coropanies Act 2(Y)6. (kna¥dit Viorkhes been uuderth so thatwe might stste to th¢ clwitabl8 ¢¢xnFOnys mem those n*tswe arereauizedto seat kn them ill an t￿110￿ rep0rtaThdf￿ DO dhwpllqX)￿. To the fulle5textenipenllitted by law. we do n(>t ac¢eEx or 0￿me rnpomknlity lo anyone other thau Ibe cbaritAbEe compony ond th4 charitabl¢ company's rAembgTh as 8 body, for our audit worK for this rep)rt or f(K the OFXDiOTh¥Nt I￿¥t fonne Hazel Ddy Bsc (Hons) FCA DChA {S¢nior Sratutory Authtor) fL)r 8Dd 00 Eehalf of Xeinoditt Audit Liniited Nwtmgale House 46-48 Easr Street Eprjom KT17 IHQ Page 12 for thtyewr¢nd¢d 31 March 2024 1.9.22 Year Ended 31.3.24 Totsl 31.3.23 Totsl Unr¢stri¢ted Restricted funds Notes INCOME AND ELNWOWMU4TS TrIiOM Donations aTJd legaeie8 219.996 217.9 437362 184.932 Theatre aDd proje¢ls 1.089385 l86.086 1276.071 686215 Other trddm8 activities Investtllent i￿0￿¢ 813.491 21014 813.497 22.014 3J71 458.401 5.019 Total 2.148 l 334 567 Raising funds (kn trathng activities 61.715 2(XS.635 61,715 206.635 30.￿9 81.018 Theatre and ptoiects Total 2J56 280.059 2 636 I05 22.427 Net gainsloosses) on investrttellts Q08.1fy)) 68.714 123.993 (84.167) {2￿.$70) Transfers bttweeD fund5 18 (139,440 55279 (84.167) 1287,870) RECONCILIATION OF FufqDS Total funds brougkt foTrv&d 125,745 610,571 898.411 345J80 181.024 526.404 610.571 Page 13 THE ARTS DEPOT TRU￿ LIMtTED {REGISTERED lYUM￿E￿. I)3536243) 31 Ma￿￿ 2024 2024 Totsl 2023 Totsl UnYe*ricted Restritted Notrs FIXED ASSETS TaJ)gibl¢ 2SSBts 13 14 154.513 li4.i13 84.457 8.028 161,564 161.564 92.485 Stook Lkbtors Casb at bank andin Iidnd 15 3.918 145.977 3,918 145.977 990.589 3918 67.884 1158.055 181.024 959,4(￿1 181.024 1,140.484 1,229.857 ciw)rroRS Amounts falling due withia one year 16 (77i.644) (175.644) (111,771) 181.024 364.840 518.086 TOTAL ASSETS LESS CURR 345380 181.024 526.404 610.571 NET ASSETS 345 526.404 610 S71 18 Utkrestricbj fijnds 345.380 181.024 484.826 125.745 TOTAL TriINDS 546.4IM 610 571 bithj'ect to the small eOmPAtiies regn]e. The fiAanoial ststements ￿tre approiiedby the Board of Tnutees a￿da￿lIK￿l*l for i35ue on .. . . ... .. and signed on its t￿la1[ by". LHNOn3y￿.T The ]￿leS fonn t•rt of these finaooal statements Page14 THK ARTS DEPOT TRUSI LIMTfED IREGisfERED NUMBER: 93536243) 31 Marth 2024 2024 Total 2023 Total Restrict FIXED ASSETS T￿gible assets 13 14 114.365 7.053 114.365 7.053 75.638 8.030 121,418 121.418 83,668 Debtors 15 213.39D 381063 239.929 181024 595,453 181,024 776.477 878.638 CREDITORS 16 (378282) (378282) 58526) 217 171 39 LLIBILrr]ES 338589 181.024 519.613 603.780 r4ET A&SETS 338 589 519613 18 UThe5tsicted filt R&siTiCted funds 338.i89 J81024 47&035 125.745 TUIAL FUNDS 519.613 These finaacial steten*llts have in accord￿ with the provisions aEplicable to charitable comptiies subject to the SMAII comrAuies regime. ar￿ ￿ siglled (m its ]￿baIrbY. H Non? The notes forni partofthese fin8n¢tsl ￿atr￿lents Page 15 for theyearendtd 31 March 2 Period 1.9.22 Year El￿tra 31.3.24 31.3.23 Ceth generated ftom OFaHtioLs 171.91)7 71_-91i) Calh tk>WS fTh)m InveslmE aetivit Purd]ase of t¥a8ible fixed a&sets (117.565) 20252 1.762 (24.34Z) 5.019 (95.551 19J23 thereporliry period (167.466) (121.984) of the reprtlng peritid 1158 055 80.039 C2Ah and eAth equlvaknts atthe end of the ryorthg The notss forn IknOfth￿ financial stat￿ts Pa8e 16 171E ARTS DEPOT TRUST LIM￿ED Nol¢s t• th¢ CAsh Flow Stal¢ment for thtyear ¢ndtd 31 March 2024 RECONCILIATIOIY OF Nrf EXPEND￿ TO PIET CASHFLOW FROM OPEBATING Period l.9.22 313.24 31.3.23 Iyet ejpenditsre forthe wr•rtkng perlod (as ptr the stateD￿lI of aDcJal Ataviiltx) AdJustJnents for, (84.16D (287.87 47.509 977 120252) 13.274 Revaluation loss on InVe&￿￿￿ts Interest rer£ived (5.019) (2.192) DivideDds receiv (tacrewyd¢cTea8e in &bttVY Increase IA credttors (1.762) (78.093) 49,749 129 63.873 ￿97 Ne* used IA operatiDns At 1.4.23 Cash flow At 31.3.24 Casb at bwjk hatKi 1.158.055 (167.466) 990.589 Tota] 167 The notes forn partof these fuwncial 3taternenfS Page 17 THE ARTSDEpixfTRUSI LIMrrED Notss to the FSnan¢lal Stst¢mthts for theyear ended 31 Marth YJ24 BASIS OFPRZPARING THE FifxANCL4L STATEME The fmmcial statements of the Ch￿l.￿ab}e corq)any. is a public benefit oitity utth FRS 102. have been prepared in ac4ordawe with the Charities SORP (FRS 102) 'Aocountin8 audReporting bv Chantigs". Statement of Recornmended Prnctice app3i¢abieto ¢l]aTi¢ies prepaTmg theit a¢wuDts ID aGwTthnce witE the Financial Repoitin8 SthrhJfiTd tpplicable in the UK and Repthlic of I￿alld IFRS 102) (effeotive l J&z)uBry 2019),. Fin￿1&1 Reprtin8 Standard 102 FloanGi￿ Ryrting sts[Ld￿ aFyli¢able itithe UK aad Republic Df Ireland, and th¢ CompAnies A¢t 2(1)6. ThB fllwLial statell￿￿ ha￿bEC￿PICp￿￿ the his￿1¢￿ ¢osl convontion. with lh¢ exception of inv&%tsnatswhick are incl￿ al market valu¢. as mfylifid ly the ￿￿UatiOn of cerlain gss¢ts. The f￿￿￿181 ytatcmcnts COTtsolidate the of Ihe clwity aud its w]y)lty owned sub&diary Arts Detx)t Ptodu¢tions LirAted OTL a ]itie-by.l]tte FAS18. A separate StstellMIt of FiD8ncial A¢tiiiti¢s 8nd ItLcom¢ attd E%￿ndItUre Account for Il* chrity has not been wesettsd beG*use the clJaTity has tskell advautsgt of th¢ excu￿11)￿ affothd by s￿tion 4D8 of the CorOp￿ Act 2LXi6. CR￿ICAL AccouNfING JUDGEMENfs AND KEY SOURCES OF ESTtMATION UNCERTAINTY In dttetminin8 thewing of Certain assets atsl liabilitie4 the group andparent ¢h*tiry make aswions of the ¢ff¢¢ts of fLttwe events on Ihose assets and ]iabilitses at the ba]ance sbeet date. The group and Fwent GFarity'$ cslin]atC5 and 8&wtyion5 aTB based onhi3torical fKperience aod exP￿tatiOnS of fitt￿events and INCOMING RESOURCES .th¢ dMrity is lega]ty ¢nti(led kn th¢ -any FrfDrn]Atte conditions altac1￿￿ to the in¢(Hn¢ hav¢ t*en m¢t OT fully Viithin the control of the chariry is suffi¢ient cetiinty that receipt of the inc(XDe is co1]sid￿ woFAb]e .Dol￿tionS and ]egxeies GT8ntsl donations re￿8￿1*al￿ ￿￿On]￿)8 resource8 ia the year irywhich are ￿e1vab￿, except as follov+7." .when dorx)rg specify that dofjaiions giv￿ to LIE chaTity u￿d in ￿t￿re aCco￿till8 period4 the in¢ome 1$ &feJreduntil wiod5 donors imposecornrtl￿ whicb haveto fl￿f￿¢dbefThr the ¢1￿}ty bwimesentided to s￿ch incorn Imritable acliYiti¢s Theatre Ancojrn . Incorne frcra oFfice. fees and 01her Ilwtrical income is inclutied IA incoming yesoi]Icfys iti the wiod ID vA)ich Ihe relevant Show tths place. kniect S￿IfiC Armling . donors SP￿ify that dondions and grants at¢ for particular T￿l¢tea PUTW3es. Mthich lao Dot aroo￿t to pre-LX)tslitions re£ardmg en[￿eM￿lt. this ￿0￿)¢ 15 included JD inc4)miJJg resources or rFstiicttd flmds wl*n receiYdbl¢. ]Aternt on flmds be]d is i¥duded wh¢n receivable and the on20Unt can be rAea¥i￿ed reliabty by th¢ knity" this is noTtrolly uptnnotsficaEion of the inlapst pid or pyab]e by the E4nk. trAd￿g Aetlvilkn (ol*ubsldlxry) fTOrn comrnwr3xI &ti¥ts is inchujed ill ￿sOUr￿￿ iti the sEri(xl m which the 8roup is entitlttl tv TeGEipL EXPENDITURE Allex9eRditreis in¢1￿1ed0nalla¢Cn￿l$ baas mclu&"ve of any VATwhiobcaAnkrt IE reco¥ered aThl isrerosnised Page 18 cvntinued.. for th¢ year Cad￿ 31 MaTeh 2024 ACCOuNT￿C POLICIES- ¢ontinutd ExPEND￿URE .there is a legal or cous￿ve obligation to IDake & Fmymrnt .it 13 proEable tbat settlernent will k rethured .tbe an￿￿￿t of theobligalioll can bemeastThl reliably -Co$ts Df rathg fillids C03ts in¢utred irj atlracting donations and tho* itiCUTr¢d in Irading aclivities that raise fur￿. -ChRritsble*tthTrltl¢s Ipport tosts as governance ￿>sts. Support costs are wholly attiibutsble to theatrE wokntion ¢05 -Gov¢nwice e03ts TANGIBLE FIXED ASSETS Depre£i8tion iswvided at thc folloping arnual rates iu Order to ￿11¢ off each &￿t over its estIn￿£￿use￿l ]ife. LI￿ I￿OId over the life of the PJDPW lease 330/0 on cc< 250h on ￿Stand 2(VAoD Q)3t 33Yo on rf 25•A on (fJSt alld 2￿￿0￿c0st Fadivithwl (￿¢d assets costing £5tKI OT D]orc ote ¢apita]i3ed at ¢OSL The charitsblè conip8ny b98 taken advolltagc or exemptiofy under the leffn5 of Reportif]8 Sknndard 102 'The Financial R£pxting Siandord 8Fplicab]e iti the UK and Republi¢ of Ir¢l8nd'. not to disclD¥e r¢iated party TAXATIorq FiJf4D ACCOiiNfiNG UrTestricted fijds can in ￿0rdatt￿ with the Gbaritable o14ectivrA at the di9*ioll oftbetrjstee. R¢5triotEd funds o￿ty be used for particular Rstixtyj Pyrpw￿ llTithin the objects of the ¢b8rity. Restriotiotjs 92ise ￿t￿j S￿e)rIed try the dDn(r or wben fuTJds r8i8ed for prticul8r resthcknl pwtx)se Fwlher exp]aoalion of 11¢ nath aTh] pwpose of each fimd in the to thc f][￿10181 slatsments. The ¢lwit8ble cOmp￿Y owates a defined contr1t￿ti1)n ￿iOn ￿. Cotsiibutions payabl¢ to the ch&Titabl6 pen5iDll sth¢m¢ aTe Cha￿ tt> the Stsleu¥llt FiuaJLcial Actsyitr5 iu th¢￿10al9 IwbiGhthEy rclats. The group 8nd cbority have asseL8 and fyjancial liabi]ibes of a kiryl thai qualify as l>asic fjDaDcial instru￿￿ Bth"e fillantsial irk8Tn]mr4Jls ￿ inilMlly tto)gri*l at tr4nsaGtion value ard subsequenty nThsL4red at thcir SEttkm¢nt irnl Debtors Trade and oth8r debknrs are reBog]ised Li the settkment after anv trd(k di5COUnt Dffere4i Pffiparnts are valued at th¢ aZnOLEJI prgpid after takins accijullt of ally trade dis￿OUnts due. Page 19 ¢ontinu¢d THE ARTS DEPOT TRUST LIMtT ot¢¥ So the StAttmath. ¢ontlnu¢d for the y¢ar tnded 31 Marth 2024 AccoirrrffLYGPOLICIES. eonthiutd Cath al bank and in hand Cssb at bank and ID hand inclth cash and short tern] Frigkty liquid invostmettts with a short matiwity of three rrA)ntbs or le￿ from th¢ date of acquisition or OPEningof the knit or similar account Crtdllors abd prtiyi Creditors aad are reC08n￿ wh¢re the cbBrity kas a pre*nt ob]igatiOn T£5￿tillg from a ￿5t event that will pzobably result ll) the tra￿sfer 0£ fimds to a third alld iiie aa]ount to setiie the obIigalion Can be roeasured or estimated re]iably. Crditors and provisions 8re nomwlly reco8lli8ed at tbeir settlement amount after allo￿1￿8 for any trade dIsco￿￿S due. DONATIONS AND LZGACIES Grnup onty Period 1.9.22 YearEnded 31.3.24 31.3.23 129,104 1.568 307290 7,379 778 176.775 Gift aid nts 437 962 184932 G[￿ts receivrf inclth Èntho a￿v& aTr as fo]k>ws'. P￿10a 1.9.22 to 3 1.3.23 YearEndEd 31.3.24 307 176.775 Group only Period 1.9.22 Year EndAI 31_324 31.3.23 604,962 208.535 533.1&) 139,858 813.497 673 018 Page 20 continued.. Notsj h the fJnapLi*I Statements. o)xknued for the )ear ended 31 Marth 2024 Group onty Period 1.9.? 31.3.24 31.3.23 Other fIxed asset invest-F]I DeyFsit 2cco))ttt inkr> 1.762 20252 5.019 Group onty P￿10a 1.9.22 to 31.3.23 31.3.24 Activity Theatre ptoi Theatre and PTojects Theatre andprojeots 671.723 324.950 279.398 414225 I30.426 141 Hire8 Grattts GTrntS Te¢eived inchtsaed in th¢ abo￿ are os fo]Iows: PeTitsd 1.9,22 31.3.24 31.3.23 City Brid8e TnL4t Creative ladwtii¢3 Insigkn PTO8ratnnJe Fr￿￿1$ Wjnkn Foundqtio r Connecticlls (he Aw Foundati The Redbill Trnst Sobell FO￿datiOn Th¢ W G Edwards Cknitsbk Foundation John Lyons Clwity Young Barnet Foundation ANewDirertio Souter Charitable Tn JesLU Hosprta] Ch4rity Sch¢x•ls proi¢rt contrib￿{0￿ from se]￿]$ involved Iyoylv Carte ChaTitable TTU 2&540 10.0 2.450 7,955 23,802 28?33 2,450 6,140 3B.334 19.597 11.667 3,OiX> 12(KJ 3.000 95J16 Barnet Suowrtt Show Ba¢k3ta8e Trust Joljn ThawFounthlion Lonth)n Borough of Banlet We4t Hendon ComJThmity FestiTr71 Al￿d5 forAII The a]ildhoodTrust BELS Arts Council Eugiand l*ktropobtan Thanw Vauey io,c¥J) 10,000 46.666 3.150 274.898 135.892 Pase 21 Notss lo the Fhwzthl Statements . conlinued rorthe year ended 31 March 2024 Period 1.9.22 Year Ended 31.3.24 to 31.3.23 Brougbt fOrw￿d TsitsitFiing¢ 274.898 135,892 Croup onty RAISINC DONATIOPIS AiYI) LEGACILS Period 1,9.22 31.3.24 31.3.23 61.715 Period 1.9.22 31.3.24 31.3.23 2C6.635 111.397 Grow• only Swrt cosis (see note 8) Totals 2.367.75i Page 22 THE ARTS DEPOT TRUST Lll￿rrED Notes to the Fknanml Slxtemmts- coMtknKd for tht year ended 31 Marcb 2024 SUPPORT CI]STS Group ooIy Maryment Finanfje Theatre and projeots I_IM3.361 6J(M) 1.1182.869 Cr￿llp only 1.9.22 31.3.24 31.3.23 Auditorg remuneratio AuditoTh' remungratioa f4)r JK• audit 5,775 5,513 6.250 4.500 Cnwp only Thtte weTeno trustee8' ftmuneration or oil]¢T Ixnefits for the year eDded 31 March 2024TN)r f￿t￿2 Feri￿ ended 31 March 2()23. wereno tJU5teBS' exF*h)ses pad for th¢ yeareDleA 31 MaTGh 2024 nor forthe ￿[loa ended 31 March 2023. ii. STAFF COSTS GJThip on]y 1.4.2023 1.92022 31.3.2024 31.3.2023 Wages and salaries i.on.152 83.557 601.420 49.738 10.790 Pensif>n costs 1174270 The avuage monthty llurkn ofeD]ployees dw Ihc year was os follo￿. P¢Tiod 1.9.22 iJ3.24 20 115 31.3.23 13 104 Tradi08 and Taisin8 fu￿￿8 Theatse aLts QEutre Arts and education PToiects 137 120 No enlplovees receIveden￿lUM￿ts in exC￿%￿f th).(￿. Page 2) rontinue¢l.. F4otcs t• the ThaKialStateM￿ts. e•nlknied for theyear ¢nded 31 MAr¢h 2D24 11. yrAFF COSTS- contllNed Thekey man88em¢ntpetsonnel of the 8rollp ondperettt charity compriseihe TnLStees and the Senior ￿Tra8¢A￿lI TeanL Th8 tot41 en¥*loyee bettfits of the key mana8ement per9)ur￿l of thE ￿lty were £234222 (7 ￿OnthS to 3 1st MArch 2023 - £121,919). Resknoted Totsl 183,399 1533 184,932 ch￿11￿bk aclivitiej Theatre Ènd PTojects 544.651 141.564 686.215 OtbeT trathD8 8divilie8 458.401 5.019 458.401 5,019 Total l.J91.470 1334 143 OYI ￿67 Paising OiIKr trathng aGtiviiTes 30.379 81.018 30.379 81.018 ChaAtable aettyilks Theatre and Eyojects 1347J?? 163218 l i1104 Total 14j9?]9 16i.218 1672.437 (267,749) (20.121) (287870) RECONCILIATION OF FUNIK8 Tot&} fim(ts btougbl fornrd 752.575 145,866 89&441 484.826 125.745 610J71 Pa8e 24 continued. . fortht YE￿ end¢d 31 MaY¢h 2024 13. TANGIBLE FIXED ￿ETs Group LOD8 IEasehoM Office Totsls At l Awil 2023 Add]tioA8 298,638 74.977 26.697 441.163 766.498 At 31 MaTGh 2024 373.615 483.750 884,062 DEPRZCIATIO Ai l 2023 Cbargc foryear 253.828 26.546 151 401.666 22215 682,040 47,509 At 31 March 2024 26.697 423 881 729 BOOK VAiLYE At 31 Morth 2024 59 154 513 At 31 MaTch 2023 Tota15 cosr At l April 2023 29&638 26.697 307.313 632.648 At 31 March 2024 373 615 307 313 DEPRECIATiof4 At l April 2023 Charge foryear 253.828 25.143 26.546 151 276.636 10956 557.010 36250 Ai 31 March 2024 287 593 £T BOOKVALIJE At 3 1 March 2024 94.644 19.721 114365 At 31 M8Trh 2023 44.810 151 30.677 75,638 8e25 continoe(L.. THE ARTS DEpufTRUSTLIMfrED ot¢¥ to the FInaM¢i￿ St*¢eDieuts. c￿lInued thr theyear ￿￿¢d 31 Marth 2024 Group Untist Totals MARKKT VALUE At l Apiil 2023 Revaluations 8.028 (977) 8.028 97 At 31 March 2024 7.051 ET BOOK VALUE At 31 March 2024 7.051 Ai 31 M￿ch 2023 8.028 Cosi or valllati￿ at 3 1 Mat¢h 2024 is T￿yeS￿ ly: invesinwds Tola]s "aluation in 2021 Va]uation in 2024 Cost 334 (977) 334 (977) 7.696 7.051 7.053 investments Totsis At l AN212023 RevaLuatio 8.028 97 8.030 977 At 31 Ma￿h 2024 7.051 7.053 ET BOOKVALUE At 31 Mar¢h 2024 7,051 7.053 At 31 March 2023 8.028 8,030 Page 26 continued. okj to tht Fllw¢hl Statemeats .coniknued for th¢ year ended 31 March 2024 14. Cost or ￿thation at 31 ma￿h2o24 is rewe￿ll1ed iy: Shares in Unlisted inves1m￿ Totals Valuation in 2021 val￿110n in 2024 334 (977) 334 (977) The ¢omp9ny's inveslJDents at the balance tst dat¢ inthe sTrffj w)ilal of cOm￿nIC$ includp the follo Arts Dep(*t Pr•thiclkJDs Limited Re8isl2red offJc¢". 5 Nether Street Lon(k)n N12 OGA Class of sh￿e.. holdin8 2024 2023 Aggregate capitsl and resen 6.791 6,791 I& RESULTS OF ARTS DEPOT PRODucfIoNs LIMrrED The sunw fman¢ial wf(>nnan¢¢ of the 5ubsithAry 41onE is: Period 1.9.22 Ye8rEnd 31.3.24 31.3.23 1.186.997 (1.186.997) 643.924 (643.924) C08t of sales ￿ ad￿Ill￿￿tiye exttnses CoTpoTrtion tsx (LossyProfit for the finauciai v¢ar I& RESULTS OF THE Airrs DEPOT TRUST LIMrrED The resfllts of The Art5 E*￿tT[￿$t LIMI￿ excl]]dm8 thoseof its Mto)]ly owned subsid1￿ Arts Dyt Productions Litllitsl are as foll(bw5: Period 1.9.22 YearEndpA 31.3.24 31.323 1,602.56) $26,484 355 (287,871) Expenditure on ChRritsbl¢ Activilies (83.190) {97n 603.780 CainlO055) oll revalUat￿n Totsl tunds brwt tor¥vard 891.651 Totsl funds foziY4rd 519.613 603.780 Page 27 continu¢d for tbe year ended 31 MaTeh 2024 17. GTOUP 2024 2023 Trnd¢ debtors (Xherdebto VAT 115,675 300 2.310 27.692 13.550 920 145977 PaT¢n* 2024 2023 Tr8de debtors 103.373 81516 170.022 OtiwdeElors VAT 13.293 14.909 18,076 51.831 213.3YJ 239,929 16. Grnup 2024 2023 329,825 17.521 96.585 246.160 85.553 364.312 l9,650 68.818 172.150 86.841 Sgcial S¢GUTity 8nd other t&xe8 Other credtlors Accruals and defened ineon 775.644 711771 2024 2023 138,867 17,568 42.991 132312 160294 19.175 43508 60.000 SoGia] aDd other t&xeJ A￿s3]ed ex￿nSeS 37 358 526 Page 28 ntinU￿.. N•t¢s to the FIn￿e￿I staten￿ts. eon¢knued for theyear ended 31 March 2024 17. ￿AS1ThG AGREE￿[￿1￿[8 hduJimun] lease un(kr non￿¢an¢¢I1ab1e oFtat£ng ka￿ fall du¢ as follows: 2024 2023 Within one yeor Between one ￿Ld fiveyE8rs 2.517 2.936 2,517 5.453 7.970 Depot TIu5t Lpniled for1he delivery of its activilie The value of the pren]ises ha5 b¢en w)uttted for ata ￿￿10￿[ * of £1 (2023 . £1) since trths oannot iabty e*imat tho Val￿ of the services Teeeivea tsto the spe¢ioli3tnatur¢ of th¢ premises. I& MOVEMENf IN FLIM Group Net Tratthrs iKtwee At 31_3.24 At 1.4.23 in r￿d5 UnTestrfcted fvnds Oen¢rnl fund DesxgrAtedFuad 272.082 212.744 Q18.160) 10.CMJ) 68.714 122.636 222.744 484.826 (208.16U) 68,714 345J80 Restrltted funds rts Ed￿&tioll & Participation Capital fund Artistic Development 115,492 54.984 68.714 295 174.424 (68.714) io 181.024 T(yfAL Ths 610 Net in fund& ]llclLukd iti the aknve ate as follows: losses LnTrstrkted funds 2:Q35218 (1252.401) (21&160) tbigTkqtsdFund 1148.863 QJ56,046) (977) (20&160) Restrthd funds Arts Education & P8Tticipation Capitsl fuud Artistic De￿lOpm¢nt 2￿2[ (215224) 54.984 68.714 295 6>.130 ￿￿35) 289 404 052 LLi9) ? 552915 2.(?76 ILD? $4:167) Pa8e 29 contirLUe(L. Iqotes to the Flnanctsl Ststsnitnts. ¢onlknued for they¢Ar eaded 31 March 21)24 Net At 31.3.24 At 1.4.23 fimds UnThs117eted fimds General fund 265.291 212.744 (218.160) 10.000 6&714 115.845 222.744 478.035 Q08.160) 68.714 338.589 115,492 54.984 68.714 295 174,424 Capita] fijnd ArtiÉtie DevBloprnent (68.714) 3.948 10253 714 181024 3.780 519.613 Resouroes Gains and Mov¢me) General fund Designated Fjmd 1.084.865 113.645 (1,302.048) (977) (218,160) 10.1 1.19&510 (1.40i.693) (2L)&160) Art5 Edtsiatioll & Partt'¢ipation Capital f5Jnd Artistic Ikvelopment 270208 68.714 1215224) 54.984 68.714 295 404.052 280.05 TOTAL FLINDS 1.685 752 184.16 Page 30 continued. Nots8 to the Fin¥llcial Stat¢mryth.c8ntkni¢d for the year ended 31 21n4 18. CompaM*lves fttyr fi￿d3 Grnup et At l.9.22 31.3.23 Unrestricted fi￿al General fimd Deswkqted Fund 539.697 (267b15) 134 271082 212 744 752.573 (267.749) 484.826 R¢stricted fund¥ Arts Ed￿tiOll & FO￿1¢1￿￿0n Artistic LkveloExnent 132J33 13 (9.169) 123364 l25 745 89 610 441 a71 Coniprthve net nx)vement ill fimd4 ]r￿h￿ed in tbe al*ave are as follow3: in ful Unrestricted funds General fund DesTgnated Fund 1,191.470 (1.459.085) 134 (267.615) 134 1.191.470 (1.459219) (267.749) Reslrleted fimdj Arts Edw￿l￿ll & Particip8tiOD 81378 61.719 (90?47) 2,671 [9.1691 (10.952) 143.097 163218 121 TOTAL FUI¥D3 1.3M.567 1.62143 Arts EdhK*tlon & Partlcipallon Fund5 ￿*bhag con]munity edu¢alion ard participttOA ixL& arts with 8 knus onthose wkn arE hBt&E to TeaclL Programmlng Developmeryt Fuods whiob enabk ATts tkp)tto ¢ots1￿ its arWi¢. audi￿ ondptseTsbip &veJopmenL CaPIt￿ fqnd Orants and donations for the pur¢has¢ of fLxed asth. The fuTrl transfer to the genernl fimd to mat d¢precialion over the life of therelevant a&Yt& All assets weTe fiJty depreciafyd4s at 31stMarGb 2024. Pag¢31 ¢onlinue&.. THE ARTS DEPOT TRusf LIMfTED Notes T￿*￿£]81st•tOJle￿ts . conts￿ed fi)r the year ended 31 Mar¢h 2024 I& MOVEMENT IN FUNDS. continued Ctsmparatives for Th￿)vernent ID eund8 Net At 1.9.22 31.3.23 Geneial fimd D￿18Dated Fund 532.907 {267.616) 134 2￿291 745.785 {267.750) 47&035 Restrkttd fund8 Arts Education & Participation Artistio tkveloprnent 132.533 13.333 19.169) 110.E)i2) 123364 2.381 145.866 (20.121 125.74S 891.651 287.871 603.780 resources expend in funds Un￿$1￿1cte￿ fJJnd8 General fund Designated Furmq 683.388 (951.1I)4) 134) (267,616) 134 683J88 (951.138) (267.750) Arts Edwation & I¥Tlicipation 81u77 eX).546) 2.671 (9.169) lQ.952 163.21 0.121 1 11435 287 71 Arts Educallon & Partldpatknn Funds eDab]inE education aThl ￿t￿patiOn in & 9Xts with a fo¢us tbo&E wkn are h￿der tOTeaoh. PrograTruiing Dtve]Dpment F￿]dS whi¢Tr. enable Arts DBPDt fD Contin￿ its ar11￿]c. audie￿1 and P8floe* dsve]oprnenL Capitsl fund Qrants and dcoations for Ibe p]rrlw? of fix￿ a55ets. The will transfer to the 8eneral fund ts trAt¢ depTeeiatiiYll the life of the rele￿ as8ets. All were f￿ty depreGiatdJ5 at 31st 2024. P8g¢ l? conlinued.. for the yur tnded 31 MAtth 2024 19. wereno rElatedFty traD58ctions for the YE&re￿trA 31 Ma¥ch2024. Group Balance at I SeptemE¢r 2023 172,150 (172.150) All￿U￿t defeTT&lin th¢ y BoJaoc¢ at 31 March 2024 246.16) DefeJThd income relates to Theatr8 and Arts C¢rtse ond Arts and Educationprojects Incon￿ receivedin adv•n¢ Ba]anc¢ ai I SWemiKr ￿25 (Ki.Mo) 131312 knount dtfcrr¢d in theyear Balance at 31 March 2024 132J12 Page 33