Company re¥istrdlion number= 05181856
Charity regisiration number.. 1106088
City Arts (Nottingham) Ltd
(A company limited by guarantee)
Annual Report and Financial Siatements
for the Year Ended 31 March 2022
Community A¢couniing Plus
Units l & 2 North Wc%i
41 Talbot Str¢¢t
Nottingham
NGI SGL

City Arts (Nottingham) Ltd
Contents
Reference and Administrative Details
TNstees' Report
2105
Independent Examiner's Report
Statement of Financial Activities
7t08
Balancc Shcct
Notes to the Financial Statements
IOto20

City Arts (Nottingham) Ltd
Reference and Administrative Details
Trustees
Michaela Bllttcr
Martin Orrell
Mich¢l¢ Taylor
James Parkinson
Frances Franks
Boseda Olawoye
Kevin Love
Nestor Valero-silva
Secretary
Joel Stickley
Senior M*Thagement Temm
Suzannah Bedford. Director
Joel StiLkley. Deputy Director
Ch8rity Registration Number
1106088
cOmpa￿Y Registration Number
05181856
Registered Office
11-13 Hockley
Nollingham
NGI IFH
IThdependeTht Exa￿l￿er
John O'Biien, employee of
Community AccountlIlbl Plus
Units l & 2 North West
41 Talbot Street
Noiiingham
NGI 5GL
Page I

City Arts (Nottingham) Ltd
Trustees, Report
Thc trustces, who arc dircctOTS for thc purposes of company law. prcscnt thc annual report togcthcr with the
financial statcmcnts of thc charitable company for thc ycar cndcd 31 March 2022.
Trustees &nd officer5
Th¢ truste¢s and otTic¢rs s¢rving during th¢ year and sine¢ th¢ y¢ar end w¢re as follows..
Trustees".
Miehaela Butter (appointed I l May 20211
Martin Orrell
Micliele Taylor
Janies Pl￿ rkin50n (c1ppointed 15 September 2021 }
Frances Franks {appointed 15 Sepiember 20211
Bo8eda Olawoyc lappointcd 15 Scptcmbcr 20211
Kevin Love (appointed 14 December 20211
Nestor Valcro-silva (appointed 14 Dccembcr 2021)
Miriam Gifford {Tc%iLFned 14 Dcccmbcr 20211
Secretary..
Joel StiLkley lappointeil I l May 20211
Angus West Iresigned 14 tkcember 20211
Structure, governance and management
Nature ofgoverning documÉnl
The charity is a company limited by guarantee and Tegistered ¢harity. It is operated under the rules of its
mcmorandum and articlc% nf a%%ociation datcd 16 July 2004. It has no share Capital and the liability of ea¢h
mcmbcr in th¢ ¢vcnt of winding-up is limitcd to £ l.
Rec'*uiimtJni appoirtimeni of irtss¢eeJ
New Iru5tetS dre r¢Lruited by inviting ￿tential candidates to tour our Hockley base. meet Chair and staff and
observe a BoArd metting before sldnding for election through the due P[￿eSS al the A(tM.
Objectives and activities
Objects aims
la) The 3dv8ncemenl of education and training in thc arts and cultural industries wilh ihc objcct of increasing
community panicipation and devclopmcnt,.
Ibl The proviqion ol- facilities for recrcaiion or othcr Icisurc timc occupation in ihc interest% of social wclfare
with Ihc objcci of improving ihe conditions of life for thc inhabiianis of Nottingham City, Nottinghamshirc and
th¢ Ea%1 Midlands in particular Ithc 'arca of bcncfii"),.
Icl Th¢ rclicf of pov¢rty and promotion of %ocial inclu%ion and integration among the inhabitanis of thc arca of
bcnefit.
Page 2

City Arts (Nottingham) Ltd
Trustees, Report
City Arts UndCrtakC￿ a varicty of WOrk￿hOps. coursc5, cvents and projects that aiTn to-.
lil Dcvclop participation and cngagcmcnt in the arts,.
lil) Tacklc wcial I￿suC8. cxclusion and COTnmunity regcncration through the arts,.
lili) Raisc public awarcnc8% of and %upport for thc art%',
livl Mclltor and support local arti￿tS working in thc participatory arts.
Thc work of City ArtN' bcnefits grcatly froTn the paTtnenhip that the charity dcvclops with other arts and non-arts
organisatitsns. This enablcs City Arts to achicvc a bTcat dcal Tnorc from limitcd rcsourcc% fur thc bcncfit of local
pcople.
Achlevements & performance
As in thL pr¢￿'10u$ ycar. 2021122 was markcd by disruption and uncertainty as a result of Covid-19 and
associated lockdowms and rcsthction5. c.ity ATts dcmonstrntLd TesiliencL and capability during these continued
urtprLccdcntcd times. eKcccding capacity at all Ici.Lls of the organisalion in ordcT to dLlivLr against cxpcetations
foT fundLrs and deliver work delaycd and problcmatiscd by thc pandcmic. WL cslimatc that each lime a project
was delayed. thc workload rcquircd to deliver it incrcascd, meaning that ccrtain projects havc only been possible
thTtsugh a commitment of three to four times Ihc origii)al planned person-hours. As a Small tcam all working
part-iimc. Ihis has been challenging. bui our commitment to funders. anisis and participants has remained
We continued to receive Cultural Recovery Fundin8 from Art5 Council En8land. allowing us to maintain
resetve5 and protect P05ts. We also spent SlgTIiilicanl lime at board and 5taft' leN'e15 making preparations for the
Art5 Council Ei)kTland National Portlolio application pioce5s. includin¥y in-depth work on constructing aclion
plan5 around ACE'S investment priiiciples and the delivery ol. their len-year sliategy Let's Create. Alonb5ide
thi5, We Teviewed our broader fundtai5inbJ 5tTategy in older lo ensure that we are well-p05ltiotJed to secure
lunding once the opportunities foi Covid-related iecoN'ery fundingj end and the fundingT environment adjus15 to a
'new nomi<il.' In addition. we reviewed dnd implemented rvbust new proLesse5 to improve the quality uf Our
ddta Lollectiun, qudlily dSSurance dnd environmental monitorinb to enbure we are as dyndmic and resilient as
PUs5ible in these ch￿illeng[lA& liines.
Board devclopTncnt continucd, with a numbcr of ncw tru%tccs addinb to the divcr%ity and skill-ba5c of our board
in areas including bu%inc55 dcvclopmcnt, cducation .scctOT partnership%. and financc. TTU%tcc% havc continucd to
play an 4LCtivc rolc in the dcvclopTncnt of stratcgry thc mand¥cmcnt of sttatc¥ic [cl￿tIonship￿. During this
ycar, our Chair institutcd a ncw Nottingham Chaits. Mccting, brinbiinb togethcr th0￿C Icadinbi Nottin¥hamlshire
based Luliural organisations to explore joined up ways of working and sharing learning. In December, our
inaugural public AGM was attended ot)line by over 40 people. reaching a wide range of national. local and
regional peers and siakeholders. including.. CEO Age UK, Naiional Tmsi. Nottingham Playhouse, Theaire Royal
Concert Hall. Déda, Charnwood Arts. Ans4Demenii& board meM￿rs, artistg and community panel members.
In temis of our creative programme, we delivered a number of innovative projects in response to community
need, including..
Elevate- a programme of creative careers development opportunities for young people under-represenied in the
arts secior. Partnerships with Broadway's Near Now project. The Prince's Trust and Real Creative Futures.
Nottingham Puppci Festival a partnciship project with ThLatrL Royal & Royal Concert Hall and Nottinghum
Trcnl University, animating the city with family-focuscd activities and pcrfomianccs.
Catalyst
artist development opportunities for black artists and artists of colour in NottinbTham in order to
dddress sector-wide undeT-representalion.
Poctry on the Go (POGO) - an Erasmus+ fijndcd augmcntcd reality app, working with international partners to
cxplorc and showcase poetry across Eun)pe.
Page 3

City Arts (Nottingham) Ltd
Trustees, Report
ARTploymcnt
an Er￿78￿Us+ fundcd PTOjCCt working with partners in Dcnmark, Hondura5 and Colombia to
ercatc a bcst practicc toolkit arollnd employmcnt in thc arts.
Cr¢atc to Conn￿t- a DCMS-supported programrne of activity to alleviate loneliness and social isolation among
p¥opl¢ agycd 55 and over.
Colours of Life - a partnership with Noitingham City Hospitsl's Cysiic Fibrosis Centre supporting paiienis and
aflisis io co-creaie visual art and poeiry.
Express Yourself - art5 activity for young people in Gedling, 5UPPOrting mental and physical wellbeing through
partnership5 Wlth Gedling Borough Council, Active Nott5 and Nottinghamshire County Council Youth Service.
Young Producers
our self-led group of early-career creatives undertook projects including Our Place in
partnership with Junction Arts.
Artisi DL'vLlopment
we have con¢inuLxl lo directly support. mentor and plailom artists following
non-trdditional career routes as well ab artists who are under-represented in the sector. During this period, we
worked intensively with Honey Williams and Simon Withers, among others.
Get Creative
lockdo￿￿.
our long-running weekly art group for disabled adults was able to resume after a hiatus for
Thc Window Gallery - our shop-front window is used year-round to showcase work by amazing artists and
participants from across our programme.
In a changed and still-changFinbF world, we believe that Ciiy Ans coniinues to punch above its weigTrht as a
champion of meaningyful. responsive. inclusive work which uses high-quality art io make people's lives and
communities betier. In 2021122, we employed 69 artists to deliver 433 hours of workshops to 1097 participants,
includinLi vulnLrablc adults, mar&iinalised younL people and ¢ysti¢ fibrosis patients. One in five of those artjsts
wcr¢ deaf or di4abl¢d. as w¢r¢ 220/0 of our staff t¢am.
We believe that creativity is a human right. Every piece of work we do is undertaken on ihat basis. in the firni
bclief that ai c.ity Arts. cveryone is an anisi. Acting on ihis conviction has been our mission since 1977 and will
continue to be as we move forward.
PMbli¢ benefil
ThrougTh its work in Ilie visual arts, the performing arts and the Mryilten word, City Arts promotes inclusivity and
access to great art as a basic right.
The trustees confirm that they haye complied with the requirements of section 17 of the Charities Act 201 I to
have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Fin8n¢ial review
Policjy rE.Ferve.I
The Managemenl Committee continues to examine the chariry's requirements for rese￿eS in the light of the
main risks io ihe organisalion on ai least an annual basis. The policy states that unresiricted funds not commitied
or invested in iangible fixed asseis held by the charity (working capiial}. Should be at leasi ihree months current
operating costs, although this is dependent on ihe perforniance of the organisation. As of ihe end of 2021122, the
level of our unrestricied reserves was below the iargei amount. Ihis has been due to rhe period of Covid recovery
since Ihe end Lif the pandemic.
Page 4

City Arts (Nottingham) Ltd
Trustees, Report
Statement of Trnstees, Responslbllltles
Thc lrnslees (who are al%0 ihc dircc10￿ of City Arts INottinghaml Ltd for th¢ purposes of company lawl ar¢
responsiblc for preparing the tru%tces' report and Ihc fjnancial slatcmcnts in accordance with the Unil¢d
Kingdom Accounting Siandard.% (Unilcd Kingdom Gencrally Aceeptcd Accounting Praciiccl and applicable law
and regulations. Thc rcport and account% havc bccn prepared in aecordanec with the provisions in th¢
Compani¢s Aet 2006 r¢lating io small compani¢s.
Company law rcquircN thc tTU%tcc% t(} preparc finanLial %tdtCTncnts. foT each finiinciJl ycar. Undcr company law
thc tru%tcc% must not approve thc financidl statCTncnts unlc%s thcy are satisficd that they ¥ivc a tTUC and fair vicw
of thc ststc of affairs of thc Ch7￿ ritablc company and of its incoTning rcsouTCCS and application of rc%ourccs,
including its incomc and cxpcnditurc. foT that PCTiod. In prcparing thcsc financial ststCTncRts, thc tTUStCC5 are
requircd to..
selecr suitable accounting policies and apply them consistenily.
observe the methods and principles Ill the Charities SORP;
make judgements and egtimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained in the fjnancial statements,. and
prepare the fjnancial 5talemenls on the going concern basi5 unless it LS inappropriate to presume that the
charitable company will continue in business.
Thc Iruslces arc responsiblc for kLeping adequatc accounting records that are sulYJLicnt to show and explain the
Lharitable company's transactions and disclose with rcasonable accuracy at any timc Ihc Iinancial position ol. the
Lharitable Company and Lnablc Ihcm to cnsure that thc Iinancial siatLmcnts comply with the Companies Act
2006. Thcy are also responsible for salcguarding the asscts ol. the charitable company and hence lor taking
rcaqonablc sicps for the prcvcnlion and dctcciion of fraud and oihcr irrcgulariiic%.
Small companies provision statement
Thiq rcport has bccn prcparcd in accordance with ihc %mall companic% re￿me under thc Companies Act 2￿fi.
The annual report was approved by the irustees of the charity on l December 2022 and si￿ed on its behalf by..
Michaela Butter
TTUStee
Page 5

City Arts (Nottingham) Ltd
Independent Examiner's Report to the trustees of City Arts (Nottingham) Ltd
Independent examiner's report to the trustees of City Arts {liottinghaml Ltd {'the Company,)
I report to thc charity trustccs on my cxamination of thc accounts of thc company for thc ycar cndcd 31 March
2022.
Responslbllltles and basls of report
As the charity's irusiees of ihe company land also lis direciors for the purposes of company law) you are
resp)nsible for ihe preparaiion of the accounts in accordance with ihe requiremenis of the Companies Act 2(KJ6
I'the 2006 Act.).
Having saiisfied myself thai the accounis of the Company are not required to be audiied under Pan 16 of the
2006 Act and ore eligible for independent examination. I repon in respeci of My examinaiion of your charity's
accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying> L)Ut my
examination I have followed rhe directions given by the Charity Commission under section 145151 Ibl of the
2011 Act.
lThdependent examiner s statement
Since Il)e Coinpany's gr05s iiicome exceeded £250,000 your examiner must be a mernber of a body listed in
section 145 of the 2011 Act. I confirm tlial l am qualifjed to undertake the examination because l am a member
and Fellow of the Association of Charity Iiidependenl Exaininers, which 15 one of the listed bodies.
I have completed my examination. I confinn that no tnatter5 have come to rny attention in connection with the
exainination bJLvinbF me cause to believe that in any material respect-.
l. accouniing rccords werc not kepi in rcspcci of the Company as required by section 386 of the 2006 Aci,. or
2. thc account% do not accord with thosc Tccord%,' or
3. the accounts do not comply with the accountln8 requirements of section 396 of the 2006 Acl other than any
rryuiiemenl that the account5 give a 'true and lair, view which is not a matter considered as part of an
independenl examination: or
4. the 3ccounl% havc not bc¢n prepared in accordance with ihc rncthod8 and principles of th¢ Statement of
Rccommendcd Practice for accovniing and reporting by chariiic% lapplicable lo charitic% preparing their
accounts in accordancc wilh thc Financial Reponing Siandard appli¢ablc in thc UK and Rcpublic ot Ircland
(FRS 10211.
I have no conceTns and have come acTOSS no other matters in connection with thc examination to which attention
hould be dra￿) in this report in order to enablc a propcr undcT5tandin¥ of the accounts to be rcached.
John O'Brien Msc, FCCA, FCIE, employee of Communiiy Accounting Plus
Fellow of the Association of Charity Independent Examiners
Units l & 2 North West
41 Talhot Street
Notiing>ham
NGI 5GL
Date..
1511212022
Page 6

City Arts (Nottingham) Ltd
Statement of Finaneial Activities for the Year Ended 31 March 2022
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
Total
2022
Total
2021
UThrestricted
Restricted
Note
Income and Endowments frotn:
Donaiions and legacies
Chariiable activities
Investment income
201.950
27,258
14
201.950
150,395
14
298.184
129,211
38
123,137
Total Incorne
229.222
123.137
352.359
427.433
Expenditure on:
R<ii%ill¥ fund5"
Charitablc activitics
11,124)
1269.776)
(2,0331
1341.342)
{75.316)
1345.092)
Total Expenditure
1270,900)
{75,3161
1346,216)
1343,3751
Net lexpenditurellincome
141,6781
47.821
6,143
84.058
Net movement in funds
{41,6781
47.821
6.143
84.058
Recon¢ili#tion of funds
Total funds broubThi forward
90.422
49,514
139.936
55,878
Total funds ¢arried forward
20
4X,744
97,335
146,079
139.936
All of ihe chariiy's activiiies derive from continuing operaiions during ihe above No periods.
The funds breakdown for ihe period is shown in note 20.
The notes on pages 10 to 20 fom] an integral part of these financial statements.
Page 7

City Arts (Nottingham) Ltd
Statement of Finaneial Activities for the Year Ended 31 March 2022
(Including Income and Expenditure Account and Statement of Total Recognised Gains
and Losses)
These are tbe fJgure5 for the previou5 accouThting period are included for compsrative purpose5
Unrestricted
Restricted
Total
fund5
fund5
2021
Note
Income and Endowments from:
Do￿lI0nS dnd lebTacies
Charitable activities
Inv¢stm¢ni in¢om¢
298.184
17.711
38
298.184
129.211
38
111,500
Total income
315,933
111,500
427,433
Expenditure on:
Raising funds
Charitable activitie5
(2,033)
1245.3431
(2,033)
1341.3421
195.9991
Total expendi￿re
1247.3761
195.9991
1343.3751
Net income
68,557
1.000
15,501
(1,000)
84,058
TransfeT5 between funds
Net movement in funds
69.557
14.501
84,058
Reconciliation of funds
Total funds brought forward
20,865
35.013
55,878
Total funds carried forward
20
90.422
49,514
139.936
The notes on pages 10 to 20 fom] an integral part of these financial statements.
Page 8

City Arts (Nottingham) Ltd
(Registration number: 05181856)
Balance Sheet as at 31 March 2022
21122
2021
Note
Fixed gssets
Tangible asscts
13
1,657
3,974
Current assets
Debiors
Cdsh at bank and in hand
1,388
148.304
9,720
150.475
15
149,692
160.195
CredTtors: Amounts falling dut within one vear
16
15.2701
(24.2331
Net Current assets
144,422
135,962
Net assets
146.079
139.936
Funds of the charlty:
Re5trieted ineome funds
Reblricled funds
20
97,335
49,514
u￿restrIcted income fuNd5
UnrestriLtcd fund
48.744
90.422
Total funds
20
146,079
139,936
Fi)r thc financial ycar cllding 31 March 2022 thc charity was entitled tg exemption from audit under section 477
of thc Compani¢s Act 2006 rclating to small compani¢5.
Dire¢tor5' responsibilities:
The members have not required the charity io obtain an audit of its accounts for the year in question in
accordance with seciion 476; and
The dircctors acknowlcdLFc thcir Tc￿ponsIbilitIeS for complying with thc rcquircjncnts of thc Act with rcspwt
to accountinLT rccords and thc prepardtion of accounts.
These fin£ltLCidl stdttmtnts h41Vt been prtpartd in accoidance with the Special PlOV15Lon5 relatin¥ to companie5
ubject to the STnall companies resyime within Part 15 0l.tht Companies Act 2006.
Thc financial %tatcmcnt% on pages 7 to 20 werc approvcd by thc trllstccs, and authoriscd for is5uc on I
DcceTnbcT 2022 and si¥ned on their behalf by..
Fraiices Franks
Trustee
The notes on pages 10 to 20 fom] an integral part of these financial statements.
Page 9

City Arts (Nottingham) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2022
l Ac£ountinR pollcie5
Summary of significant accounting policies a￿d key accounting estimate5
The prinLipal JcLouniing poliLies dpplied in the prepdraiion of these finanLial statements are set out below.
These policies have been consisienily applied io all the years presenied, unless otheti¥ise stated.
Statement of complianct
ThL finanLial 4latLmLnis have been prepared in accordance with Accounting and Reporting by Charities-
Sialemenl of Rc¢L)mm¥ndLd Pra¢lice lappli¢able to charilies pr¢paring th¥ir accoun18 in accordance wilh Ihe
Financial Reporting Siandard applicablL in thc UK and Republic of Ireland IFRS 10211 (issued in October 20191
Ichariiics SORP IFRS 10211, IhL Financial Reporting Siandard applicable in the UK and Republi¢ of Ireland
IFRS 1021 and the Companies Act 2006.
Basls of preparation
City Arts INotiinghaJnl Ltd meets the defjniiion of a public benefit entity under FRS 102. Assets and liabilities
are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting
policy notes.
Golng eoneern
The financial statements have been prepared on a going concern basis.
The trustees as5es5 whether the use of going concern is appropriate i.e. whether there are any material
uncertainties related to events or conditions that may cast signifjcant doubt on the ability of the charity to
eontinue as a going concern. The trustees make this assessment in respect of a period of ot]e year from the date
of approval of the financial statements.
Exemption from preparing 8 rash Ilow statement
The charity opted to adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow
statement Ln these financial statements.
Income and endoM'ments
Voluntary income including donations. gifts. legacie5 and grants tl)at provide COTe funding or are of a general
nature is recognised when the charity has entitleTnent to the income. it 15 probable that the income will be
received and the amount can be Ineasured with Sufficient reliability.
Donuiion.f legacies
Donaiions are recogTrnised when the charity has been notified in writing of both the amount and seitlernent date.
In ihe event that a donaiion is subject to conditions that require a level of performance by the charity before Ihe
charity is entitled to ihe funds, Ihe income is deferred and not recogjnised until either those conditions are fully
mcl, or the fuifilincnt of thosc conditions is wholly within thc control of thc charity and it 1% probdblc thai ihcsc
eonditions will bc fuifillcd in th¢ r¢portinb pcriod.
Grnnts receiwable
Grants are recognised when the charity has an entitlement to the fund5 and any conditions linked to the grants
have been mct. Wherc pcrfomiancc conditions ale attached tts the grant and arc yet to be met. the income is
reCO￿lS¢d us a liability and i1)LlUd￿ on thc balance shcct a5 dcfcrrcd income to bc relcased.
Page 10

City Arts (Nottingham) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2022
Jnwe.flment income
Dividcnds are rcco&mised oncc thc dividcnd has bccn dcclaTcd and notification has bcen rcceivcd of thc dividend
duc.
Expenditure
All expendiiure is reLognised once there is a legal or eonstruciive obligation to that expenditure. il is probable
settlement is required and the amount can be measured reliably. All costs are allocated io the applicable
expenditure headin¥ that aggie¥ate similar costs to thai Laie¥oiy. Where costs cannoi be directly aiiTibuted to
particular headin¥s they have been alloLaied on a basis consistent wilh the use of resouiLes. wilh central sts)ff
LOSI5 allocated on the basis of time spent. and depreLiation Lhar¥es allocated on the portion of the asset'g use.
Oiher support cosis ale alltiLated based on the gpread 01. Staff LOSIS.
Th¢%¢ arc costs incU￿¢d in atiraciing voluntary incomc, th¢ managcmcnt of invcstm¢nts and thos¢ incurr¢d in
trading activitics that raise funds.
Chorituble aclivitie.
Charitsble expenditUTe ¢ompTises those Logls incurred by the charity in the delivery of its &Clivities and services
foT Its benefiLidiies. It includes both costs that can be allocated directly 10 Such aLtivities and those Logls of an
indiieci ndluie n¢ce55dry to SUPPOrt them.
Taxation
The Lharity is considered to pags the resis set out in Paragraph I Schedule 6 of the Finance Act 2010 and
therefore li meeis the definition of a chariiable company for UK corporation (ax purposes. According)ly. the
chariiy is poientially exempt from iaxaiion in respect of income or capiial g)ains received within categiories
cowered by Chapier 3 Part I l of the Corporaiion Tax Act 2010 or Seciion 256 01. the Taxaiion of Chargleable
Gains Aci 1992. 10 ihe exteni that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individiial fixed absets costing £500.00 or nx)re are initially recorded ai cost, less any subsequent accumulated
depreciation and subsequeni accumulated impaim)eni losses.
Depreciation and amort15ation
DepreLialion is proi'ide<l on tangyible fixed asseis so as to wriie off the cost or valuation, less any estimated
residual value. over Iheir expected useful economic life as follows..
A55et £la5S
Computer e4uipment
General ryUiPTnent
Leasehold iTnprovements
Depreciation method a￿d rate
33.3°/o on a Sirai￿h1 line b￿lS
33.3 /0 on a 5trai¥lit line basis
25 % on a straibFht line ba5lS
Pagell

City Arts (Nottingham) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2022
Trade debtors
Trade dcbiors are amounts du¢ from ¢ustom¢rs for m¢rchandis¢ sold or servi¢¢s perfomied in th¢ ordinary
eours¢ of business.
Trade debtors ar¢ r¢cognis¢d initially at th¢ transaction pri¢e. Th¢y are subsequently m¢asur¢d ai amortis¢d cost
using Ihc effeclii'c inicrcsl method, Ic8$ provision for impaimcnt. A provision for the impaimicnt of trad¢
dcbtors is cslablishcd whcn Ihcrc 1% obj¢ctiv¢ ¢vidcnc¢ that th¢ ¢hariry will noi bc abl¢ to coll¢ct all amounts du¢
according to the original temis of the receivables.
Cash and cash equivalents
Cash and cash cquii'alcnts comprise cash on hand and call deposits, and other short-term highly liquid
investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of
ehange in value.
Fund structure
Unrestrictcd income fund5 are general funds that are available for use at the tn]5tee5' discretion in furtherance of
thc objectives of the charity.
Restricted income funds are those grants for use in a particular area or for specific purposes. the use of which is
restricted 10 that area or purpose.
PeD5ioDs aThd other post retiremeTht obligations
The chariiy operaies a defined coniribuiion pensilin scheme for employees. The assets of the scheme are held
separately from thL)se of ihe charity. Pension cosis charges in the Statement of Financial Aciiviries represeni the
contributions payable by the charity during the year.
2 Income from donAtions and legaeies
Unrestricted
funds
Genergl
Tot81
2022
Totgl
2021
Donaiions and Icgacics-
Donations from individuals
Grnnts, including capital grants;
Govetllment ¥YTatJts
Grants frojn other charities
2,7(M
2,7(M
1,154
196,321
2,925
196,321
2,925
220,781
76.249
201,950
201,950
298,184
Page 12

City Arts (Nottingham) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2022
3 Income from charitable actlvltles
Unrestricted
funds
General
Restricted
funds
Total
2022
Total
2021
Grants & donations
Feeb & commissions
PTogratnmes & activities
Facilities & resources
123.137
123,137
20.010
111,500
12.645
457
3,499
20,010
7,014
234
7,014
234
Other income
27,258
123,137
150,395
129,21
4 Grants & donations
Unrestricted
funds
Restricted
funds
Total
Arts Council
British Council
JibTsaw Hoine5
Nottingh7￿ Inshire County Council
Nottinghamshire County Cauncil ILIS)
NCVS
Notiing>ham City Council
Jun¥lion Arts
Small Stcps Big Changes
New Art Exchange
Activc Partncr% Tru%t
Dcrby & Burton NHS
Notling?ham Hospitals Charity
Bulwell Ans Festival
Thc Mighty Crcatives
Thc Royal Conccrt Ilall {Nottingham)
Univcr%ity of Nottin¥hdin
Sundry donations
155,339
51,347
27,440
10,000
8.060
4.500
2,420
206,686
27,440
10,000
8,060
4.500
2.420
39,982
3.000
10,000
2.000
4,370
1.000
1.000
600
5(Kl
5tN)
325
2.704
39,982
3,000
10,000
2.00
4.370
i.o(M)
1.000
600
500
500
325
2.704
201,950
123,137
325.087
Page 13

City Arts (Nottingham) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2022
5 Investment Income
Unrestricted
funds
General
Total
2022
Total
2021
Interest receivable and similar income.
Interest receivable on bank Jeposi¢s
14
14
38
6 Expenditure on raising funds
a) Costs of gener4tlng donatlons and legaeles
Unrestricted
funds
General
Total
2022
2021
Note
Marketing and publicity
1,124
1.124
2,033
7 F4et incominglomtgoing resources
Nct incominbT Tc%ourcc% for thc ycar include..
21122
2021
Dcprcciation of fixed assets
2,317
2,978
8 Fees pay4ble to independent examiner
Durins the period. the fee5 payable {excluding VATI to the charity'5 independent examiner Community
Accounting Plus are analysed as follow5..
21112
2021
Independent exatnination
Other financial services
930
1.806
950
758
2.736
1.708
Page 14

City Arts (Nottingham) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2022
9 Expenditurt on charltable actlvltles
Unrestricted
funds
General
Restricted
funds
Total
2022
Total
2021
Project costs
Project salary costs
Depreciation
Staff travel & 5ub51Stence
50,845
41,115
8.588
91,960
8.588
2,317
452
90,515
8.560
2,978
283
332
2,317
452
Staff training
Prcmisc% cost
30.992
2,327
981
6,340
157,106
366
3.323
30.992
2,327
981
6,340
182,719
366
3.323
29.164
1,931
1.924
3,394
189,714
276
1.302
239
100
4,450
822
5.358
Officc costs
Legal & professional fees
In4urance
OthLr wages, Nl & pensions
Bdnk char¥cs
AccountinbT & payroll
Staff rccruitment
RLfrL'shments
Organisational Development
Sundry payments
IT & communications
Bodid Losts
25,613
524
8,058
73
524
8,058
73
960
960
269,776
75,316
345,092
341,342
10 Trustees remuneration and expenses
No trustees, nor any persons connected with them. have received any Ternuneration fro￿ the charity during the
year.
No trustees have received any reimbursed expenses or arty other benefits from the charity during the year.
I l Taxatio
Thc chariiy is a regi.%icrcd chariry and is ihcrcforc cxempt from taxation.
Page 15

City Arts (Nottingham) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2022
12 Staff Costs
Th¢ aggregat¢ payroll ¢osts wer¢ as follows..
21122
2021
Staff cost5 during the were:
Wag¢s and salari¢s
Social %ccurily cosis
Pension costs
177.128
10,567
3,612
184.340
10,392
3,542
191,307
198,274
The monthly average number of persons (including senior management team) employed by the charity during
th¢ y¢ar was a.s follow%'.
21122
No
2011
No
Average number of employees
712021 71 of the above ernployees participated in the Defined Contribution Pension Schernes.
Contributions to the employee pension scheme5 for the year totalled £3,61212021 £3.542).
No employee received emoluments of rnore than £60,000 during the year.
The total etnployee benefits of the key rnanagetnent per50tuJel of the charity were £65,280 (2021- £64.9611.
13 Tangible fixed 4$sets
Computer
equipment
General
equipmeTht
Leasehold
itnprovements
Total
Cost
At l April 2021
14,371
108.026
5.284
127,681
At 31 March 2022
14,371
108.026
5,2X4
127,6¥1
Depreciation
At l April 2021
Charge for the year
11,057
1,657
108,026
4,624
660
123,707
2,317
At 31 March 2022
12.714
108.026
5,284
126,024
Iyet book value
At 31 March 2022
1,657
1.657
At 31 March 2021
3,314
660
3.974
Page 16

City Arts (Nottingham) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2022
14 Debtors
2022
2021
Prepayments
Oiher debtors
1,388
9.720
1.388
9,720
15 Cash and £ash equivalents
21122
2021
Cash at bank
150,475
16 Credltors: amounts falllng due wlthln one year
21122
2021
OihLr laxalion and social security
Othcr Creditors
3,449
1.821
.818
15,415
5,270
24,233
17 Oblig8tion$ under legse$ and hire purch85e contrnctS
Operating lease commitrnent5
Total future minimum lease payments under non-cancellable operating leases are as follows..
21122
2021
Land buildings
Within one ycar
Bctwcen onc and five years
14.000
40,K33
14.000
54,X33
54.833
68.833
18 Cbaritv Status
The charity is a company limited by guarantee and consequenily does noi have share capital. Each of the
Irusiees is liable lo contribute an amount not exceeding £1 towards the assets of the charity in the event of
liquidation.
19 Rellted pArty transactions
There were no related party transactions in the year.
Page 17

City Arts (Nottingham) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2022
20 Funds
Balance at I
April 2U21
Incoming
resources
Resources
expended
Balance at 31
March 2022
Unrestrlcted funds
GeneMI
Genernl fund
90,422
229.222
1270.900)
48,744
Restricted funds
Express Yourself
ArtPloymeni {2021-20231
Foyle Foundation
Poetry on the Go
Hoopla ISSBCI
Rcsidcnce (Ans Council
England)
Blue to Green
Young) Producers (Junction Ansl
Elevale Piojecl
Create to connect
8,870
18.8701
(2.Y03)
(5,863)
119.4011
37,182
5.863
6.469
34.579
27.440
10.000
14.508
10.000
22,419
20,4NII
3,000
2.000
28,928
16,0811
1251
(3.000)
{345)
128,9281
16,338
20,455
1.655
Total restricted funds
49.514
123,137
175,3161
97.335
Total funds
139,936
352,359
1346.216)
146,079
The specific purposes for which the ￿ndS are to be applied are as follows..
ARTploymcnt 12021 20231.. Funding from Erasmus+ to dclivcr a crcatlvc skills and carccr dcvclopmcnt
pro¥rdmme for young people diffeicnt ¢ounthc%. in collaborntion with intCTll()tional partners. including
both European and South American organisations.
CelcbTating Age- pmgrnmme of arts aetivities with older people.
Express Yourself (Nottinghamshire LISI
contribution ¢owards revenue costs of a programme of creative
oppoffunities for young people ihai will f(￿u$ on emotional well-being. attainmeni. skills development and
increasing young people's contribution to civic society.
Foyle Foundation - io support the Sneinion Stirred Up festival and work as pan of Nottingham Puppei Festival.
Poetry on the GL) (POGLII.. Funding from Erasmus+ 10 collaboratively develop a smarrphone app exploring and
celebraiing poetry from different cultures, working wilh intemational parn)er organisaiilins and young people in
their respeciive home couniries.
Page 18

City Arts (Nottingham) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2022
Hoopla - funding from Small Stcps Big Changcs ISSBC) - this project aimcd to bring bcspoke outdoor fcstivals
for familics with carly-ycars childrcn to Communitic￿ undcr-.%crYcd by thc city's cultural offcr.
Crcatc to Conncct
sllpported by DCMS funding administcrcd by Arts Council England. Crcatc to Connect
aimed to address social i501ation aTntsng over-555 thTtsugh a progtamTne of online crcativc WOTkshops.
Residence - an artist development pmject funded thTough an Arts Council England project gTant. Residence
aimed to %upport di%ablcd artist￿, black artists and artists from communities lowly t8nked foT socio-economic
stdtus in thc dcvclopmcnt of thcir skills and carccTS.
Blue to Green - funded by Nottingham Community and Voluntary Service's Greenspace prograrnme. the Jigsaw
Foundation and Nottinghamshire Couniy Council's Covid partne￿hIp Recovery Fund, Blue to Green provided a
series of participaiory art workshops to Nottingham and Notlinghamshire residents to support mentsl wellbeing.
Young Pr(xlucers - Our Place project.. supported by funds from Junction Ans. this project gave our Young
Producers group the opportuniry to produce creative work celebrating ihe people and places of the East
Midlands.
Elevaie Project.. supponed by Broadway"s Near Now programme, The Prince's Trust and Big House, Elevate
was a programme of skills and career development for young creatives taking non-traditional rliuies inio the
arts.
Balance at
31 March
2021
Balgnce gt I
April 2021
Incoming
re50urc¢5
Resources
expended
Tr&Dsfer$
Unrestricted funds
General
G¢n¢ral fund
20,865
315,933
(247,3761
1,000
90.422
Restricted
Annchair (iallcry
ArtPloyment (2018-20201
Express Yourself
ArtPluymenl {2021-20231
Foyle Foundation
C¢lebrating Age
Pociry on ¢hc Go
The Search for Teddy Bear
Island
20,000
(19.000)
I 1.000)
5.387
10,870
37,182
116.257}
37,182
5.863
5.863
23.763
9.720
14,610
133,483)
18,1411
6,469
6,000
16,0001
Total restrleted funds
35.013
11,500
(95.999}
(1,000)
49,514
Total funds
55,878
427,433
(343.3751
139,936
Page 19

City Arts (Nottingham) Ltd
Notes to the Financial Statements for the Year Ended 31 March 2022
21 Analjsls of net assets betwten funds
Unrestricted
2022
Total lunds
General
Restricted
Tangible fixed assets
Current assets
Current liabilities
1,657
52,357
15.2701
1,657
149,692
15.2701
97,335
Total net assets
48.744
97,335
146.079
Unrestricted
2021
Total funds
General
Restrieted
Tangible fixed assets
Qurr¥nl a%s¢t
Current liabilities
3.974
97,110
110,6621
3.974
160,195
{24.233)
63.085
113.5711
Toial net asseis
90.422
49.514
139.936
Page 20