REGJSTERED COMPANY ]%IJMBER: 03961654 (England and WaleB) REGISTERED CHARITY NUMBER: 1086229 rt of the Trustees and Ungudited Financial Statements for the Year EDded 31 Marcb 2025 for ASIAN ARTS AGENCY Gynch Shaw Mauriee & Co Chartered Certified A¢count4nts Rear of No 2 SPM House GleDthorDe Road Friern Barnet London N113HT
ASJ.4N ARTS AGENCI" Contents of the Financial Statemellts for the l'ear Ended 31 March 2025 Page Report of the Thutees Independent Examlner's Report ststement of Financial Activities Balance Sheet Notss to the Fin1 Ststements 10 to 16 Detsiied Statem¢nt of FIDalld Activilles 17 to 18
ASIA]% ARTS AGEN'CI" ort of the Trustees for the Year E.llded 31 March 2025 The trustees present their report and financial statements for the year ended 31 March 2024 The financial statements have been prepared in accordance with the accounting Jx)licies set out in note I to the financial statements and comply with the charity's governing documenL the Companies Act 2006 and "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 treland (FRS 102). (as arnended for accounting periods commencing from l January 2019) Objectives and activities The charity's objectives are to mainstream Asian Arts in the South West of England and nationally. The charity's rnission, based in Bristol the Asian Arts Agency supports artists and practitioners to deliver traditional and contemporary South Asian arts. encouraging engagement from all communities and from venues in Ihe South West and nationally. Our key aims are.. - to encourage high quality South Asian arts practi¢e in mainstream venues - support professional development of South Asian artists - bring international South Asian artisis to the South West of England - encourage innovation in South Asian arts practice and developments - support contemporary, experimental and new woik developed by British Asian artists - celebrate and prornote South Asian arts lo the whole community - cnable communities lo experlence and participat¢ in South Asian arts The trustees have paid duc regard to guidance issued by thc Charity Commission in dcciding what activities the charity should undertake. The main activities undertaken to achieve the charity's objectives are the runni of various events to allow Asian artists to showcase the Asian culture to all ¢on]munities in the South Wesl and nationally. Page I
ASIAN ARTS AGENCY rt ol the Trustees for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES Achievements and Perfornian¢e This year we strengthened our progrdmrne by in¢reasing our reach, creating new programmes and building up new partnership5 for the delivery on OUT WOTk in Bristol, the Southwest and nationally to both South Asian communities and wider audiences. Our progTammes included producing and prograrnmin8 a range of national music tours with South Asian musician4 workin8 with major music festivals. venues across the Southwest and nationally. Additionally we created new talent development opportunities for artists at all levels, including new progTammes for emerging artists with training and development opportunities, educational music workshops and showcasin8 activity by children and youn8 people in Bristol. In total we delivered 38 live perforniances and events. 42 participatory WOTkshops' one music festival. and three national tOUTS. In total our ptogramme involved working with 70 musicians and 130 freelancers crealing more opportunitie5 for South Asian musicians, artists and other creative people. We presented and toured a range of national and international incoming artists including Ranjana Ghatak ( musi¢ ¢ommission and live perfomMi¢e).. SitaT playeT Niladri Kumar, Shahbaz Hussain. Roopa Panaser. flute player Rakesh Charusia. Chahat Mahmood Ali Qawwals. Malkit Singh; Rajasthani Folk Msicians. and Pandit Vishwa Mohan Bhatt. We presented our work a number of venues in¢luding Bristol Beacon" St. Georges Bristol. CuThe Theatre SlouglL' Tung Liverpool. Southbank Centr¢ L4)ndon and at severdl venues in Oxford, southampto Cardiff and Newcastle. Working with Children and Young Pp]e We worked with local partners to support and deliver the 8th edition of the "Rhythm Utsav. which enabled ovcr 40 children and young people to learn South Asian music and dance and showcase their talent in a final event perforniance in Bristol. This event was supported by a new music commission to inspire young people to work alongside professional musicians. Funders and Suppi)rt¢rs Our relationsbip with Arts Council England and Bristol City Council remains strong both to deliver our activity and by inputting into the local and national CuliAal and arts developTnent for the wi(kr arts sector. New Music Commissions and Support for Artists We delivered talent development programm¢ which enables the Agency to run new programmes to support emerging artist with training and development support and by providing new oppornmitie5 to create and perform their work. Thi5 activity is part of the ongoing Breaking Barriers programme w¢ created to supw)rt South Asian musicians at varioMs stages in their careers. Interngtional research W¢ undertook research activity to explore increased international opportunities for British South Asian artists through music showcases and touring. supporting several artists as part of this process. We a150 beld conversatioDS with Inajor arts bodies, including Arts Council EnglaDd and the BPI, to explore future possibilities for Internation tOUriDg and cultural exchange, and we hope to see this work led to tawble activity in the future. Diversity and Inclusion Thmugb our team, and with the support of our Board. we have ¢ontAnued to create new initiatives lo increase support for Soutb Asian Tnusicians in the county. This includes taking part ill development session5 With fimding bodies and also througb delivery PTograll]mes Like Emerge and other nwsic commissions. Page 2
ASIAN ARTS AGENCY rt of the Trustees for the Year Ended 31 March 20Z5 Summary 2024125 has been a successful year for Asian Arts Agency in strengthening our programme and CTeating new partherships for our fijture work. This includes delivery of music perfonnances. offering music commissions foT artists. Presenting new Music lo a wide rdnge of audiences. and supporting children and young people through programmes like Rythmn Utsav. FINANCIAL REVIEW Financial review The charity has a policy to hold reserves equal to six rnonihs, core expenditure. The charity's reserves of £760,972 (2024: £573,121) at the year, of whicb £426,356 (2024.. £426.356 is restricted. The trnstees have assessed the major risks to which the eharity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The chariry is controlled by its governing documen( a deed of trust. and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2(K)6. Page 3
ASIAN ARTS AGENCY ort of the Trn5tees for the l'ear Ended 31 .larch 2025 The trustees, who are also the dirrttOTS for the purp of company law. and who ser¥ed during the yeaT and up to the date of signature of the financial ststements were: MS L Porter Mr A G K Ismail Mr S Marwah Mr T Corum The appointment of trustees 15 a rigorous process. Trnstees are recruited via a mix of open recruitment and invites depending on the experience and skills they have that are rclevant to the role. Before appoinlment all Inte¢S have to go through a thorough interview process lo assess their suitsbility for the role. None of the tn]stees has any beneficial interest in the cornpany. All of the trustee5 are mernbers of the company aTJd guarantee to contribute £1 in the event of a winding up. Key management remuneration during the year amounted to £79.150. The trustees, who are also tlie directOTS of Asian Arts Agency for the purpose of company law. are responsible tor preparing the Tstee$, Rq)ort and the financial statements in accordance with applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Aepted Accounting Practice). Company Law requir¢s the trustees to prepare financial 5ts1ements for each financial y¢aT which give a true and fair view of the state of affairs of the charity and of the incomitig resources and application of resources. including the income and expenditUTC. of the charitable company for that year. In preparing these financial statements. the tnceS are required to: - select suitable accounting policies and then apply them consistently: - observe the methS and prin¢iples in the Charities SORP: - make judgements and estimates that are reasonable and prudent: and Prepare the fuwicial stat¢ments on the going Concern b1$ unless It is inappropriate lo presume that the charity will continue in operation. The tystees are responsible for k¢¢ping adequate accounting records that disclose with asOnable accuracy at any time the fmancial position of the charity and enable them to ensure That the financial statements comply with the Companies Act 2006. They are also responsibl¢ for safeguarding the assets of the charity and hence for taking reasonable sleps for the prevention and detection of fraud and otber irTegularities. Risk management The trustees have a duty to identify and review the risks to which ihe charity is exposed and to eD5ure appropriate eontrols are in place to provide reasonable assurance against fraud and eTror. REFERENCE AND ADMINISTIL4TtVE DETAILS Registered Company number 03961654 (England and Wales) Registered Charity number 1086229 Pagc 4
ASIAN RTS AGEN rtolthtTru for the Yér EDded 31 M¥trfh 2025 R¢%iitered office 4th F]oor, Royd Oak HoTJSe Royal Oak Av¢nu¢ Queen &uare Btistol BSI 4GB Trwtees T CoThm Publtt EngagemeTht M4 A G Ismail Busine&s S Marwdh Busirtesnan Ms L M Port¢T Rthired CothpAy Se¢rntry Ind¢pendeAt Exathln¢T Gyanchand Mun8ur FCCA Gynch Shaw M4uri¢e & Co Chartered Certified Accountsnts Rear of No 2 SPM House Glcnthorne Road Friern Bgrn¢t L4mthn N113HT AprKoved ty ord¢rofthe t¥)ard of ITuSS on 3011212U25 and sidon its haIr by: S Manvah. Twstee
Inde endent Examiner'5 Re ort to the Trustees of ASIAli ARTS AGENCY Independent examiner's report to tbe trustees of ASIAN ARTS AGENCY ('the CompAny I Teport to the Charity trustees on my examination of the accounts of the Compa)Jy for the year ended 31 March 2025. Responsibilities Ydnd basis of report As the charity's trustees of the Company (and also its directr)TS for the purposes of company law} you are responsible for the preparation of the accounts in aG¢ordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that th¢ accounts of the Company arc not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as Caled out under Section 145 of the Charities Aci 2011 ('Ihe 2011 Act,). In earrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examlner's statement Since your charity's gross income exceeded £250.000 your examiner must be a member of a listed body. I can confimi that I am qualified to undertake the exarnination because J am a member of th¢ Asswiation of Chartcred Ccrtified Accountants. which is one of the listed bodieg. I have ¢ompleted iny examination. I confinn that no matters have come to my attention in connection with the exarnination giving me cause to believe: accounting records were not kept in respect of the Company a5 requited by Section 386 of the 2006 Act. or the a¢¢ounts do not accord with those records. or the accounts do not Comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the aOuntS give a trne and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prq)ared in ardance with the methods and PTinciplcs of the Statement of Recommended PTactice for accounting and TeportlDg by charities (applicable io ch111¢5 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 attcntion should be drawn in this report in Order to enable a proper understanding of the ¥cunts to be reached. GyanLhan MuDgur Gynch Sha v Maurice & Co Chartered Certified Accountants Rear of No 2 SPM House Glenthorne Road Friern Barnet London N113HT Date-. 9025 Page 6
ASIAN ARTS AGENCY Statement of Financial Aetlviti oratin an Inctsme and Ex enditure Account for the l.ear Ended 31 March 2025 Ineor 31.3.25 Total funds 31.3.24 Total funds Unrestricted fijnds Resthcted funds Notes INCOME AND ENDOWMENTS FROM Donalions and legacies 616,806 616,806 526.962 Other trdding activities 123 466 123,466 61.542 Totsl 740.272 740,272 588,504 EXPENDITURE ON Raising funds 216,859 216.859 204,314 Other 335.562 335.562 233.48.1 Total 552.421 552.421 437 797 NET INCOME 187.851 187.851 150.707 Transfer from Unrestricted to Re$tri¢ted (150.000) 150.IMJI Total funds broughi forward 146,765 426,356 573,121 422.414 TOTAL FUNDS CARRIED FORWARD 184.616 576,365 760.97? 573,121 COIYTINUING OPEIL4TIOY4S All income and expenditure has arisen from conlinuitig activiti¢5. The notes forni part of these financial statements Page 7
ASIAN ARTS AGENCY BalAnce Sheet 31 March 2025 31.3.25 Total fuD<Lg 31.3.24 Total funds Unrestricted Restricted fimds Notes FtXED ASSETS Tangible assets 1,536 1,536 3,072 CURRENT ASSETS Debtors Prepayments and accrued income Cash at bank and in hand 64,737 5.367 734.268 64.737 5.367 734 268 45,126 5,367 542 540 804372 804,372 593,033 CREDITORS Amounts falling due within one year 10 (44.936) (44,936) (22,984) NET CURRENT ASSETS 759,436 759.436 TOTAL ASSETS LESS CURRENT LIABILITIES 760.972 760,972 573,121 NET ASSETS 760.972 760.97? 573,121 FUNDS Unrestricted funds Restricted funds 184.436 184.436 576,356 146,765 426.356 576.365 TOTAL FUNDS 760,972 573,121 The ch2ritrble company is enuiled to ¢xemplion from audit under Section 477 of the Companies Aci 2006 for the year ended 31 March 2025. The tnembers have not required the company to obtain an audit of its fjnancial slatements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Aci 2006. The tru5t¢es a¢knowledge their responsibiliti¢5 for {a) ensuring that the ¢haritable company keeps accounting records that ¢omply with Sections 386 and 387 of the Companies Act 2006 and preparing fmaneial statements which give a true and fair view of the State of affairs of the charilable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply wTth the requirements of the Companies Act 2006 Telating to financial statements. so far as applicable to the cbaritsble company. (b) The not¢s forni part of these fmancial statements Page 8 continued...
N ARTS AGEN B4lADte Sbeet- 31 Mr¢h 2(125 ed These finan1 stAm¢nts have b¢¢n prepmrd in accordanc¢ with th¢ provisions akylithle to chwil&ble PaThIN subject to the small comp8llies r¢gime. Tr financi Hr¢ iwrov¢d by the Board of Tntts faid ¥udb)Ti*d for IS on 3011Y2025 and wue Si8d on its behalf by.. S Manv8h-TTU%tce Th¢ nole5 forni of these fuwicial thtements Page 9
ASJAN ARTS AGENCY Notes to tbe Financial Statements for the l.ear Ended 31 .Mxrch 2025 ACCOUNTING POLICIES Basis of preparing the fancIal statements l. Accounting policies Charity infornlation Asian Arts Agency is a private companv limited by guarnnlee incorporaled in England and Wales. The regTsfcred office is 4th Floor: Royal Oak House, Royal Oak Avenue. Bristol, BS 14GB, United Kiiigdom. l. l Accounting convention The fiiiancial stslcmenLs hai'e bL'en prepared in accordance with the charity's governing documenL the CoinpaDleS Act 2006 and "Accountin? rfind Reporting by Charilies.. Stalement of Recommended Practice applicablc to chartties prcparino thcir accounts in acci)rdance iA'ith the Financial Rcporting Standard applicablc in the UK and Republic of Ireland (FRS 1021" {as amended lor accounting periods commencing froni l Januar). ?019). The Gharity is a Public Benefit Enlily as derm by FRS I O? The charity has taken advantage of the provisions in the SORP for chaTities applying FRS 102 Update Bulletin I not to prepare a Statement of C&8h Flows. The financial statements are prcpared in sterling. which is the functional cU¢Y of the charity. Monetary amounts in these financial statcments ttre rounded to the nearest £. Th¢ financial statement5 hai'e been prepared und¢r the historical cost eonvei)lioffj modified lo include the rcvalualion of freohold propertte5 and to include ini¢stmeDt properties and ¢ertain fInancial in5trumLnts at fair value. The PTincipal accounting policies adopted are sct out below. 1.2 Going concern Ai thL timc of approi'ing the financial slatemenis. tlie trustees haisc a reasonable exp¢ctalion that thc charity hos adequate rcsources to continue in opcrational existence for the foreseeable future. Thus th¢ tnle¢S Continue to Idopt the &Foillg eoncern basis of accounting m pr¥paring the financial statements. 1.3 Cl)aritable fimds UnTeslricted funds are available for use ai the dIretIOn of the tnleeS in furtberance of their Charitable objectives unlS the funds hBve been designaled for other purposes. Restricted fund5 gre subj¢ct to spccific conditioJ]s by donors as lo how thcy may be used. The purposes and use5 of the restricted funds are sct out in tIIL notes to Ibe financiiil statcmeiits. 1.4 Incomillg resources income is recognised when the cbarity is legally entitled to it after any pcrforn)ance condiltons have been met, the amounts can be measured reliably. and it is probable that income will be received. Debiors are measured at the amount expected to be received by tILe charity. Cash d(Inalions are recognis¢d on receipl. Other donations are recogni5¢d once the chaTity has becn notified of the dc)ndtion. unless performallie conditions require deferral of the OUnt. Income lax recoverable in Telats"on to donations reLeived tu)der Gift Aid OT deeds of covellant is reco¥Thised at the lime of the doatIOn. Legacies are recognised on receipt oi otherwise if the charity bas been notified of an impending distribution, the amount is know and I¢1p1 is ¢xpected. If the amount is not know the legacy is trealed as a contingent asset. Page 10 continued..-
ASIAN ARTS AGENCY Note5 to the Financial Statements- tontinued for the l'ear Ended 31 March 2025 ACCOUNTING POLICIES - continued 1.4 Incoming re50urc l Accounting policies (Continued) Governmenl grants are rKognised al the fair value of the asset received or receivable when there is reasonable assurance that thc grant conditions will be met and the grants will be received. A grant that specifies perfonnance conditions is reco8nised in income when the perforniance conditions are met. Wher¢ a grant does not specify perforniance conditions il is rccognised in income when the proceeds aTC received or receivable. A grdnt received before the recognition ¢rileria are Satisfied is recognised as a liability. 1.5 Resources expended Liabilities are recognised as expenditure a5 soon as there is a legal or ConstCtiVe obligation committing the charity to that expendithre, il is prob3ble that a transfer of economic benefits will be required in settlement and the amount of the obligation Can be me&sured reliably. Liabilities are measured at the value of the eXpted economic outflow. Expenditure is accounted for on the a¢¢nlS basis and has been classified under headings that aggregate all costs related to the category. Where costs ¢annot be directly attributed to particular headings they have been allocated to a¢tivilies on a basis consistent with the use of resources. Tangible fixed a5sels Dq)reciation is provided at the following annual rates in order to Write off each asset over its ¢stimaled useful life. ComputeT equipment 5(P/o on wst 1.8 Taxation The charity is exempt from ¢QTporation lax on its ebaritable activities. Pension eosts and other post-retirement benefits Tbe charitable company operdtes a defined contribution pension scheme. Contributions payable to ihe charitsble company's pension s¢hem¢ are cbarged to the StstemeDt of Financial Activities in the period to which they relate. OTHER TRADING ACTIVITIES 31.3.25 31.3.24 FundTaising events Core costs Miscellaneous income Artistie Programme 8,932 3,000 111,534 5.195 56,347 123.466 61.542 Pagell continue41...
ASIAN ARTS AGENCY Notes to the Financial Statements - eontinlled for the Yesir Ended 31 March 2025 RAISING FUNDS Raising donatlons and legacies 31.3.25 31.3.24 Support costs 192.514 204.314 NET INCOMEI(EXPENDITURE) Net incomel(expenditurc) is stated after char8ingl(crediting): 31.3.25 31.3.24 DepTeciation - oiwned assets 1,536 TRUSTEES, REMUNERATION AND BENEFJTS There were no trustees, remuneration or other benefits for the year ended 31 Marcl) 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS The average monthly number of employees during the year was as follows: 31.3.25 31.3.24 Administrative Trustees No nPloyeeS received cmolumenls in ex¢c5s of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricled fimds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 526,962 526.962 Other trading activities 61,542 Total 588.504 EXPENDITURE ON Raising funds 204.314 204,314 Page 12 continued...
ASIAN ARTS AGENCY Notes to the Financial Stat¢mellts- continued for the l'ear Ended 31 March 2025 COMPARATIVLS FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds Total fimds Other 233.483 233,48.3 Total 437,797 437.797 NET INCOME 150,707 150,707 RECONCILIATION OF FUNDS Total funds brought forward 422,414 422.414 TOTAL FUNDS CARRIED FORWARD 573.121 573,121 TANGIBLE FIXED ASSETS Computer equipment COST At l April 2024 and 31 March 2025 DEPRECIATION At l April 2024 Charge for year 9,109 1,536 At 31 March 2025 10,645 NET BOOK VALUE At 31 March 2025 1.536 At 31 March 2024 3.072 DEBTORS: AMOUNTS FALLING DUE WITHIN OIYE YEAR 31.3.25 31.3.24 Trade debtors VAT 61.5(X) 3.237 40,486 4.640 64.737 45,126 Page 13 continued...
.4SL4N ARTS ACENC), Note5 to the Financial Statements - continued for the l'ear Ended 31 Mareb 202S io. CREDITORS: AMOUNTS FALLING DUE WtTHIN ONE YEAR 31.3.25 31.324 Trade creditors Pension liability Other creditors Accrued expenses 31.153 10.913 1.070 1.800 21,539 (1.122) (1.688) 4.255 44,936 22,984 ii. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds 146,765 37.851 184.616 Restrictcd Funds 426.356 150.1)00 576 356 TOTAL FUNDS 573.121 187,851 760.972 Nel movemen¢ in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General nd 740.272 (552.421) 187,851 TOTAL FUNDS 740,272 (552,4?1) 187.851 Compar*tfives for movement in funds Nel movement in fijnds At 31.3.24 At 1.4.23 UDrestri¢ted funds Restricted ndS 105.095 317.319 41.670 109.037 146.765 426.356 TOTAL FUNDS 4?2.414 150,707 573 121 Page 14 continued...
ASIAN AR13 AGENCY Note5 to the Financial St*tements- continued for the l'ear Ended 31 March 2025 MOVEMENT IN FUNDS- continued Comparative net movement in fiind4 included in the above are as follows: Incoming resources Resources expended Movement in funds Unre5trieted funds General fimd 588,504 {437,797) 150,707 TOTAL FUNDS i88.51)4 1437,79 150,707 A current year 12 months and prior year 12 months combined position is as follows: Net rn0vernt in funds At 31.3.25 At 1.4.23 Unrestricted funds General fiu 422.414 338.558 760,972 TOTAL FUNDS 422.414 338.$58 760,972 A current year 12 months and prior year 12 months combined net movement in funds. included in the above are as follows.. InGomiDg resources Resources expended Movement in funds Unrestricted fllnds General fund 1,328,776 (990218) 338,558 TOTAL FUNDS 1.3?8,776 1990.218) 338.558 Page 15 continucd...
ASIAN ARTS ACENCY Notes to the Financial Statements - continued for the l'ear Ended 31 March 2025 12. RELATED PARTY DISCLOSURES There were no related party traLsactions for the year ended 31 March 2025. Pe 16
ASIAN ARTS AGENCY Detailed Statemetst of Financial Activities for the Year Ended 31 Mareh 202S 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donations and legacles Gifts Other general grants 616,806 526,959 616,806 526,962 Other trading aetfvitie5 Fundraising events Core costs Artistic activities 8.932 114.534 5,195 123.466 61.542 Total incoming resourees 740,272 588.504 EXPENDITURE Other Artist fees and expenses Events Sundries Training Professional fees Travel and subsistence 303.312 29,903 102 1,990 2,907 15,926 195.002 13.379 1.650 3.044 20.408 354,140 233,483 Support eosts Management Administration costs 39,632 33,793 InfforniatioD techllology Repairs and renewals Travel & Subsisten¢¢ Consultancy fees 339 879 2,832 2,614 2,953 3,711 Human r¢50urces Wages Social security 85,544 4,207 101,297 10,699 Carried forward 89,751 111.996 This page docs not fonn part of the statutory financial stat¢n]ents Pa8e 17
ASIAN ARTS AGENCY Detailed Statement of Financial Aetivities for the l-ear Ended 31 lare 2025 31.3.25 31.3.24 Human resources Brought forward Pensions Rent and rates Insuranc¢ Software licences 89,751 2,566 27,898 457 609 111.996 2.888 21.082 442 121,281 136,992 Other Telephone Postage and stationery Book-keeping 3.030 662 2,62Q 4.532 8.53.3 Other 2 Advertising Subs¢Tiption Marketing costs Publicity costs 700 1,511 4,673 15,985 3,364 756 4,977 22.869 15.656 Other 3 Computer equipment Bank char8CS 1,536 16ni 3.072 307 1,476 3.379 CovernAnce costs Accountsn¢y and leRal fees 5,5.39 Total resources expended 552.421 437.797 Net income 187.851 150,707 This page does not forni part of the ststutory fllwlcial statements Page 18