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2023-03-31-accounts

Charity registration number 1090677

Company registration number 04294985 (England and Wales)

DISABILITY ARTS IN SHROPSHIRE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

DISABILITY ARTS IN SHROPSHIRE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees T E Raabe-Webber
A Plant
C Ashley
D Prytherch
S Motley
M Fowler
J Shreeve (Appointed 19 July 2022)
R Kaur (Appointed 19 July 2022)
A Jones (Appointed 19 July 2022)
Charity number 1090677
Company number 04294985
Registered office The Hive Music and Media Centre
5 Belmont
Shrewsbury
Shropshire
SY1 1TE
Independent examiner Dyke Yaxley Limited
1 Brassey Road
Old Potts Way
Shrewsbury
Shropshire
SY3 7FA

DISABILITY ARTS IN SHROPSHIRE

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9 - 10
Notes to the financial statements 11 - 20

DISABILITY ARTS IN SHROPSHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their report and accounts for the year ended 31 March 2023.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's governing document, 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 Ireland (FRS 102)” (issued in October 2019).

Vision - Mission - Values

DASH - Cultivating spaces for extraordinary artists

Vision

DASH’s vision is a society in which Disability Art is recognised as core and equally valued in the arts sector.

Mission

DASH is a Disability Visual Arts organisation whose mission is to develop Disability Arts practice.

DASH works with artists, audiences, communities and organisations to challenge inequality and implement change.

DASH achieves this by:

Core values

DASH is built upon equality of opportunity and the Social Model of Disability.

Aims :

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. The trustee's consider the objectives and activities of the charity are of a public benefit.

DISABILITY ARTS IN SHROPSHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Aims and Objectives Programme 2022-2023

1. Future Curators Programme:

The Curatorial Commissions Programme is an exciting multi-year collaboration with six major UK galleries and Disability Arts Online to provide individual residencies for six curators, who identify as D/deaf and Disabled, looking to further their careers in the arts. The network has met frequently in the year to establish ways of working together which are accessible and equitable.

2. Artistic Support:

Midlands-based artist Fae Kilburn presented her exhibition Perspectives, which was commissioned by DASH as part of the Creative Black Country Offsite 9 programme, complementing the British Art Show 9. An accessible book ‘Perspectives of the Invisible’ was created and included quotes and images representing each artist’s practice. Fae aimed to raise awareness, challenge biased ideas, and highlight the stigma faced by many disabled artists.

3. Partnerships :

DASH has welcomed New Art West Midlands (NAWM) to the DASH portfolio. Following a consultation process, led by an independent consultant, involving CVAN national and the New Art West Midlands advisory group, DASH has been identified as best placed to become host for the region’s network. The process recognised DASH’s position as a national leader in Disabled-led contemporary visual arts practice, and the potential for New Art West Midlands and DASH to contribute meaningfully to CVAN both regionally and nationally. Moving forward the West Midlands is unified behind a central CVAN mission for “Fair & Equitable” practice in the visual arts sector.

DASH hosted Tate Lates, an event held at Tate Modern but accessible online, exploring Disability Art and accessibility. The programme included Artist Davey Jose discussing how he explores his spinal injury in his work, hosted by his younger brother Bobby Seagull. Artists Leah Clements and Amanda Lynch talked with Helen O’Malley about institutional change and artistic access in the cultural sector.

4. WAIWAV – We Are Invisible We Are Visible:

We were awarded the prestigious Ampersand Foundation Award, securing £150,000 to deliver We Are Invisible We Are Visible (WAIWAV) – an ambitious project that saw over 30 interventions from Disabled artists in 30 galleries across Britain and Northern Ireland, on 2 July 2022. WAIWAV brought a critical mass of visibility in Disability Arts practice. Artists included Sonia Boué, Chisato Minamimura, Ashokkumar Mistry and Nicola Woodman with galleries including Baltic, The Hepworth Wakefield, Turner Contemporary and Tate St Ives. The project saw DASH achieving national press on BBC Four’s Front Row and The Guardian.

DISABILITY ARTS IN SHROPSHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

5. Organisational Development :

DASH is now in a period of growth and expansion, building on its reputation and trust. Our new CEO/Artistic Director Heather Peak is a renowned award-winning artist with an ambitious practice that transcends traditional divisions between visual art, architecture, theatre and activism. Four new staff members will join Heather and the DASH team to build an inclusive, creative disabled led and artist run organisation together.

We have some exciting and deeply thoughtful work to do over the next few years through our ‘Future Curators Programme’, our intersectional critical thinking programme, our artist commissions and our systems change work. We are looking for creative, curious, engaged and proactive people to be part of DASH to do this work together.

Our four main programmes will be:

• The DASH touring library

“I was appointed as CEO and Artistic Director in the summer of 2023. I am one of the few Autistic/ADHD leaders in the arts and I’m thrilled to be leading DASH in this next period of development and expansion.”

Heather Peak

DISABILITY ARTS IN SHROPSHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Fundraising

DASH is primarily funded through Arts Council England as a National Portfolio Organisation. A new grant funding agreement is in place from April 2023 until March 2026. This year DASH secured an uplift in funding to strengthen its operational capacity.

This investment broadens the Artistic Director role to that of an Artistic Director/CEO, ensuring their capacity can be concentrated towards unlocking the full value of DASH on a bigger stage, bringing/developing the work of world-class Disabled artists to/for audiences across England, and establishing an international profile and cooperation for Disability in visual arts practice where currently there is none.

Fundamental to our plans for investment was funding for the recruitment of a Programme Manager to work alongside the Learning & Engagement Manager. Together, these roles will release the Artistic Director/CEO from a project management function to enable greater strategic partnership development and advocacy on Disability.

A substantial part of our request for additional investment from Arts Council England was to become the new hosts of New Arts West Midlands (NAWM). We have been an active member of New Art West Midlands since 2016 and have helped it to prioritise inclusivity and accessibility in its sector support remit and activity. 2023 will see the recruitment of a new Artistic Director and Communications Assistant for NAWM.

The majority of other funds come through other trusts and foundations. The majority of these applications for grant funding are made by the charity’s staff and are passed by the board of trustees. DASH was successful in applications to the Garfield Weston Foundation and Art Fund in 2022 to further support core costs and the Future Curators Programme.

Individual giving does not make up a significant part of the charity’s income activity at present, but there is facility

for this to happen on the charity’s website.

DASH have registered with the Fundraising Regulator and follow their standards, in addition to the General Data Protection Regulation.

Financial review

The charity incurred net movement of funds of £48,443 outflow (2022: £15,959 inflow), decreasing the fund balances to £117,347 ( increase in funds 2022: £165,790).

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months' expenditure. Currently, this is set at £65,000, and will be reviewed as and when necessary. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised.

The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The net loss in 2023 was expected and was mainly due to funds being received in the previous financial year for the WAIWAV project, this was granted as unrestricted funding. £4,740 was due to a loss in the M&G investments, the fund was closed to mitigate any further loss. The board meets quarterly to analyse the operations of the organisation, the finances are reported on with rolling 12 month rolling cashflows, management accounts and a fundraising pipeline.

Structure, governance and management

The charity is a private company limited by guarantee, incorporated on the 27 September 2001 in England and Wales. It is a registered charity with the Charity Commission for England and Wales on the 19 February 2002. It is governed by its Memorandum of Association.

DISABILITY ARTS IN SHROPSHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Reference and administrative details

The charity's registered and principal office is the Hive Music and Media Centre, 5 Belmont, Shrewsbury, Shropshire, SY1 1TE.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

J Hyams (Resigned 22 September 2022) T E Raabe-Webber A Plant C Ashley D Prytherch S Motley M Fowler J Shreeve (Appointed 19 July 2022) R Kaur (Appointed 19 July 2022) A Jones (Appointed 19 July 2022)

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

Trustees are appointed for an initial term of three years, subject to any applicable constitutional or statutory provisions relating to election and re-election.

If a trustee has served for more than nine years, their reappointment is reviewed by the board. Their reappointment will consider the trustees skills, knowledge, experience and commitment to the company. If a suitable replacement cannot be found with similar levels of skills, knowledge, experience and commitment the trustee may stand for re-election.

DASH has a policy of actively seeking new trustees and directors in order to refresh the board at each opportunity for election, however the number of candidates have been low. While there have been new members join in recent years, it is not sufficient to fully refresh the board.

There are two persons on the board who have served more than three terms. More than half of the board are in their first term of office, one of whom is currently the Chair.

Persons of Significant Control

There are no persons with significant control.

Disabled Persons

DASH is a disabled led charity and over half of the board identify as Disabled people. Fifty per cent of the staff team also identify as Disabled people.

DISABILITY ARTS IN SHROPSHIRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Equality & Diversity

The Covid-19 pandemic highlighted the disproportionate economic, social and health disadvantages already experienced by Disabled and older people, exacerbating the already severe impact of economic austerity. DASH is responding by building into our work plans different ways of responding to the needs of those most affected by the pandemic, including exploring how we can work with others in campaigns and initiatives which support wider equality.

During the year the board equality group met and approved the DASH Anti-Oppression Promise, the DASH Menopause Policy and the Bullying and Harassment Policy. DASH sees the Anti-Oppression Promise and commitment in the context of support for the More Than A Moment pledge, and we understand that different times bring different events, creating needs to focus on a particular form of oppression; for example the Section 28 campaign, Me Too, Black Lives Matter. The policies on Menopause, Bullying and Harassment are also testament to the commitment of the board and staff to eradicating discrimination and oppression, both within and outside the organisation.

As a Disabled-led visual arts organisation working with D/deaf and Disabled artists, DASH has a core commitment to the Social Model of Disability. This says that discrimination against disabled people is caused by attitudes about them in institutions and society, and not by disabled people or their impairments. DASH views all forms of discrimination and oppression as different but equal. We do not prioritise disablism over other forms of oppression, and we wish to challenge and dismantle all forms of oppression without ranking them for importance. Many of us experience more than one form of discrimination and are affected by different forms of discrimination at different times in our lives.

We draw a distinction between equal opportunities and anti-oppressive practice, believing that action to challenge and change attitudes and behaviour is essential to make progress towards a truly fair and equitable arts sector and society.

We hold an annual co-appraisal process for Trustees, which includes appraisal of our collective equality and diversity practice. DASH has continued to emphasise the centrality of equality and anti-discrimination practice within our work, with increasing attention to areas of anti-discrimination practice beyond our primary responsibility to Disabled Artists and service users, and including those from Black, Asian and other ethnic minorities, LGBTI people, and women. As part of this process we have increased our use of equality monitoring data to help us focus and evaluate this work, as well as created an Equality sub-group which is attended by both Trustees and Staff.

Key to board development was the recruitment of new trustees with a range of lived experience with an aim to become more representative of the UK population. This aim was achieved in July 2022 with three new trustees recruited to the board.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The trustees' report was approved by the Board of Trustees.

..............................

C Ashley Trustee Dated: ......................... 18/12/2023

DISABILITY ARTS IN SHROPSHIRE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DISABILITY ARTS IN SHROPSHIRE

I report to the trustees on my examination of the financial statements of Disability Arts in Shropshire (the charity) for the year ended 31 March 2023 which are set out on pages 8 to 20.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Audrey Williams FCCA Dyke Yaxley Limited

1 Brassey Road Old Potts Way Shrewsbury Shropshire SY3 7FA

18/12/2023 Dated: .........................

DISABILITY ARTS IN SHROPSHIRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
funds
funds
2023
2023
Notes
£
£
Income from:
Donations, legacies and
grants
2
177,964
2,048
Charitable activities
income
3
25,546
-
Investments
4
595
-
Total income
204,105
2,048
Expenditure on:
Charitable activities
expenditure
5
249,856
-
Net gains/(losses) on
investments
11
(4,740)
-
Gross transfers between
funds
-
-
Net movement in funds
(50,491)
2,048
Fund balances at 1 April 2022
165,790
-
Fund balances at 31 March
2023
115,299
2,048		 Total Unrestricted
Restricted
funds
funds
2023
2022
2022
£
£
£
180,012
310,096
-
25,546
26,679
-
595
14
-
206,153
336,789
-
249,856
324,931
1,698
(4,740)
5,799
-
-
1,168
(1,168)
(48,443)
18,825
(2,866)
165,790
146,965
2,866
117,347
165,790
-		 Total
2022
£
310,096
26,679
14
336,789
326,629
5,799
-
15,959
149,831
165,790

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

DISABILITY ARTS IN SHROPSHIRE

BALANCE SHEET

AS AT 31 MARCH 2023

Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Debtors
14
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Income funds
Restricted funds
16
Unrestricted funds
Designated funds:
Revaluation reserve
17
General unrestricted funds		 2023
£
-
119,001
119,001
(3,993)
-
-
115,299		 £
2,339
-
2,339
115,008
117,347
2,048
115,299
117,347		 2022
£
1,595
134,769
136,364
(25,459)
6,765
6,765
159,025		 £
3,118
51,767
54,885
110,905
165,790
-
165,790
165,790

DISABILITY ARTS IN SHROPSHIRE

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2023

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2023.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

18/12/2023 The financial statements were approved by the Trustees on .........................

..............................

C Ashley

Trustee

Company registration number 04294985

DISABILITY ARTS IN SHROPSHIRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

Charity information

Disability Arts in Shropshire is a private company limited by guarantee incorporated in England and Wales. The registered office is The Hive Music and Media Centre, 5 Belmont, Shrewsbury, Shropshire, SY1 1TE. Charity Registration No. 1090677

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, 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 Ireland (FRS 102) (effective 1 January 2019)". The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

1.5 Expenditure

Liabilities are recognised as resources expended as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings 25% reducing balance Equipment 25% reducing balance

DISABILITY ARTS IN SHROPSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

1 Accounting policies

(Continued)

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.11 Taxation

The charity is exempt from corporation tax on its charitable activities.

1.12 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.13 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

DISABILITY ARTS IN SHROPSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

2 Donations, legacies and grants

Unrestricted
Restricted
funds
funds
2023
2023
£
£
Donations and gifts
10,256
2,048
Grants
167,708
-
177,964
2,048
Grants receivable for core activities
Arts Council England
132,708
-
Ampersand Foundation
5,000
-
Garfield Weston
30,000
-
167,708
-		 Total
Unrestricted
funds
2023
2022
£
£
12,304
1,388
167,708
308,708
180,012
310,096
132,708
158,708
5,000
150,000
30,000
-
167,708
308,708		 Total
Unrestricted
funds
2023
2022
£
£
12,304
1,388
167,708
308,708
180,012
310,096
132,708
158,708
5,000
150,000
30,000
-
167,708
308,708
310,096
158,708
150,000
-
308,708

DASH is supported by Arts Council England as a National Portfolio Organisation ACE West Midlands.

3 Charitable activities income

2023 2022
£ £
Sales within charitable activities 25,546 26,679

4 Investments

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Bank Interest 595 14

DISABILITY ARTS IN SHROPSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

5 Charitable activities expenditure

Staff costs
Depreciation and impairment
Artists and performance fees
Access costs
Travel, accommodation and subsistence
Materials and photography
Advertising & digital media
Consultant costs
Freelance workers
Mentoring costs
Bad and doubtful debt
Share of support costs (see note 6)
Share of governance costs (see note 6)		 2023
£
61,196
779
39,800
31,498
10,881
3,301
675
14,750
10,100
3,000
708
176,688
72,518
650
249,856		 2022
£
75,516
515
87,100
35,366
13,169
7,924
5,459
6,400
12,285
5,100
-
248,834
77,145
650
326,629

6 Support costs

Staff costs
Office costs
Organisational
development
Accountancy and
bookkeeping
Independent examination
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
28,978
-
24,163
-
9,988
-
9,389
-
-
650
72,518
650
72,518
650		 2023
£
28,978
24,163
9,988
9,389
650
73,168
73,168		 Support
costs
Governance
costs
£
£
32,131
-
17,272
-
20,592
-
7,150
-
-
650
77,145
650
77,145
650		 2022
£
32,131
17,272
20,592
7,150
650
77,795
77,795

The analysis of the Independent examination, accountancy and book keeping has been adjusted to reflect the actual charges. The 2022 comparatives have been amended to reflect the changes which has seen a rise in support costs and an equal reduction in governance costs, resulting in a nil impact of the total recharges.

DISABILITY ARTS IN SHROPSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

7 Net movement in funds 2023 2022
£ £
Net movement in funds is stated after charging/(crediting)
Fees payable for the independent examination of the company's financial
statements 650 650
Depreciation of owned tangible fixed assets 779 515

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration during the year. No trustees received any reimbursements during the year (2022: one Trustee was reimbursed £22).

During the year no payments were made to Trustee's (2022- £100 to one Trustee) in respect of fees for professional services, including disbursements. Such payments are permitted by the Memorandum of Association.

During the year there were no donations from trustee's (2022: £50 donated from one Trustee). There were no restrictions.

9 Employees

The average monthly number of employees during the year was:

2023 2022
Number Number
Employees 4 5
Trustees/directors 9 8
Total 13 13

DISABILITY ARTS IN SHROPSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs
There were no employees whose annual remuneration was £60,000 or more.		 (Continued)
2023
2022
£
£
85,101
99,029
1,139
4,047
3,934
4,571
90,174
107,647		 (Continued)
2023
2022
£
£
85,101
99,029
1,139
4,047
3,934
4,571
90,174
107,647
107,647

9 Employees

10 Redundancy / Termination payment

Payments to employees are charged as an expense as they fall due.

The total amount paid was £7,500 (2022; nil). This figure was paid via payroll.

11 Net gains/(losses) on investments

Unrestricted Unrestricted
funds funds
2023 2022
£ £
Revaluation of investments (4,740) 5,799

DISABILITY ARTS IN SHROPSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

12
Tangible fixed assets
Fixtures and
fittings
Equipment
£
£
Cost
At 1 April 2022
29,233
15,402
At 31 March 2023
29,233
15,402
Depreciation and impairment
At 1 April 2022
28,629
12,888
Depreciation charged in the year
151
628
At 31 March 2023
28,780
13,516
Carrying amount
At 31 March 2023
453
1,886
At 31 March 2022
604
2,514		 Total
£
44,635
44,635
41,517
779
42,296
2,339
3,118

DISABILITY ARTS IN SHROPSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

13 Fixed asset investments

Listed
investments
£
Cost or valuation
At 1 April 2022 51,767
Valuation changes (4,740)
Disposals (47,027)
At 31 March 2023 -
Carrying amount
At 31 March 2023 -
At 31 March 2022 51,767

Fixed asset investments revalued

During the year the trustees sold the investments. The valuation for 2022 is as per M&G investments report dated 31st December 2022. The historical cost of the investments was £45,000.

14 Debtors

Amounts falling due within one year:
Trade debtors
15
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Accruals and deferred income		 2023
£
-
2023
£
861
1,033
2,099
3,993		 2022
£
1,595
2022
£
2,170
21,130
2,159
25,459

DISABILITY ARTS IN SHROPSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement
in funds
Balance at Resources Transfers Balance at Incoming Balance at
1 April 2021 expended 1 April 2022 resources 31 March 2023
£ £ £ £ £ £
Paul Hamlyn
Foundation 1,201 (1,698) 497 - - -
Art Fund 1,665 - (1,665) - - -
Beast - - - - 2,048 2,048
2,866 (1,698) (1,168) - 2,048 2,048

Paul Hamlyn Foundation

This funding enabled mentoring for Disabled Artists, by supporting access costs, during the pandemic.

Art Fund

To provide support for DASH to host an information sharing and networking event for museums and galleries across the UK who are interested in working with them to support the development of Deaf and Disabled Artists and Curators. Due to the Coronavirus pandemic the project became ‘Curating Institutional Change’. A series of three-panel discussions with incredible speakers responding to provocations and with an open Q&A in June and July 2021.

BEAST – Business Education and Skills Training

Funds were raised through the Aviva backed Crowdfunder programme to create a source of match funding for this programme. Additional funding is being sought through other funders to realise this programme of work in 2024.

17 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds relate to the revaluation of the investments. The investments were sold during the year and the revaluation reserve transferred back to general unrestricted funds.

Balance at Revaluations, Balance at **Transfers ** Revaluations, Balance at
1 April 2021 gains and 1 April 2022 gains and
31		 March 2023
losses losses
£ £ £ £ £ £
Revaulation reserve 967 5,798 6,765 (2,025) (4,740) -
967 5,798 6,765 (2,025) (4,740) -

DISABILITY ARTS IN SHROPSHIRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2023

18
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2023
2023
£
£
Fund balances at 31
March 2023 are
represented by:
Tangible assets
2,339
-
Investments
-
-
Current assets/(liabilities)
112,960
2,048
115,299
2,048		 Total
Unrestricted
funds
Restricted
funds
2023
2022
2022
£
£
£
2,339
3,118
-
-
51,767
-
115,008
110,905
-
117,347
165,790
-		 Total
2022
£
3,118
51,767
110,905
165,790

.

19 Related party transactions

Remuneration of key management personnel

The remuneration of key management personnel is as follows.

2023 2022
£ £
Aggregate compensation 41,835 62,761

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

The charity made payments for artist mentoring totalling £nil (2022: £100) to T Raabe-Webber (trustee).

The charity made payments for advertising totaling £nil to the Chartered Institute of Fundraising (2021: £72). P Dower (employee) is the treasurer of the West Midlands group.